These steps regarding the data are part of the process that is known as using structured thinking.
How to depict the information?From the information given, the data analytics team works to recognize the current problem. Then, they organize available information to reveal gaps and opportunities.
In this case, the steps regarding the data are part of the process that is known as using structured thinking.
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Meng Company maintains a $375 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $95 for office supplies, $190 for merchandise inventory, and $35 for miscellaneous expenses. There is a cash shortage of $9. The journal entry to replenish the fund on January 31 is:
The journal entry to replenish the fund on January 31 is $46.
What is a replenishment?In a journal entry, this refers to refilling up a depleted cash box in a petty cash system.
The replenishment = $375- $190 - $95 - $35 - $9
The replenishment = $46
Therefore, the journal entry to replenish the fund on January 31 is $46.
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Kaylee's refrigerator suddenly breaks down. It's old and would be expensive to repair, so she decides to buy a new one. Kaylee chooses a refrigerator with a 12-month, no-interest financing offer. The sales agreement lists the sale price, the amounts and dates of payments, the APR that will apply if Kaylee doesn't pay off the refrigerator in 12 months, and a lot of other information. The law that requires sellers to provide this information to purchasers is
Kaylee's refrigerator suddenly breaks down. It's old and would be expensive to repair, so she decides to buy a new one. The law that requires sellers to provide this information to purchasers is "The Truth-in-Lending Act". This is further explained below.
What is The Truth-in-Lending Act?Generally, In 1968, Congress passed and President Nixon signed the Truth in Lending Act (TILA) to protect customers from dishonest lenders.
In conclusion, Kaylee's fridge has broken down unexpectedly. Being too old and costly to fix, she opts to replace it instead. The "Truth-in-Lending Act" is the piece of legislation that mandates vendors provide this data to buyers.
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The marketing concept that states that a business must find out what consumers want and provide it for them is called the: Multiple choice question. profit orientation product orientation service orientation customer orientation
The correct option is D). Customer orientation.
What is customer orientation?Customer orientation is a business approach in which an organization puts the needs of the customer on the priority over the needs of the business.
Any business without following customer-orientation approach cannot flourish unless it consistently improves customer focus.
Customer orientation is very important for achieving customer satisfaction.
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a. The government's direct role in the production of physical capital is primarily focused on research and development . b. The government's direct role in creating human capital is primarily focused on
The role of the government in promoting economic growth can be explained below:
a. The government's direct role in the production of physical capital is primarily focused on developing infrastructure.
a. The government's direct role in the production of physical capital is primarily focused on developing infrastructure.
What do you mean by economic growth?
Economic growth may be described as the growth or development in the inflation-adjusted marketplace value of the products and offerings produced with the aid of using an economy over a certain period of time.
The complete question is attached in the image below:
Hence, the correct statements are:
a. The government's direct role in the production of physical capital is primarily focused on developing infrastructure.
b. The government's direct role in the production of physical capital is primarily focused on developing infrastructure.
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Under the perpetual system, cash freight costs incurred by the buyer for the transporting of goods is recorded in which account?
Based on the perpetual system, a buyer can incur cash freight costs if they transport Inventory.
How are freight costs treated?The perpetual system allows for the buyer of inventory to record the freight cost for the merchandise in the inventory account.
This means that the freight cost will be capitalized and added to the cost of the inventory to recover the costs.
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During delivery of a 2023 ariya equipped with propilot assist 2. 0, what should you point out to your customers about the turn signal stalk?.
As a sales person, one should point out the benefits of the of the car to the customers..
What should you point out to your customers about the turn signal stalk?This is a business question that relates to how you wan to market the benefits of a product to your clients. In this case the Product is the SUV - Ariya by Nissan.
The focus should be on the benefits of the Turn Signal Stalk to the customers not on the technology involved in the process.
That way, you customers can connect more with what they stand to get rather than how you created the utility.
The Turn Signal Stalk is a button that makes it easy to navigate the vehicle. Pushing it up is for a right turn, while pushing it down is for a left.
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It's your friends 35th birthday today and you happen to talk to her about her retirement plans. Your friend tells you she is planning to save $5,000 per year for retirement, and has just made her first deposit today. She will invest in a mutual fund that will provide a return of 8% per year. She plans to retire when she turns 65 (and will make 30 annual payments of $5,000 until then), and she expects to live to age 90. Under these assumptions, how much can she spend in each year after she retires? Her first withdrawal will be made one year after she retires (i.e. on her 66th birthday), the last withdrawal on her 90th birthday.
She can spend $6,480 each year after she retires.
What is a retirement plan?A retirement plan is a financial arrangement created to supplement income received from the job after retirement. Employers, insurance providers, labor unions, the government, or other organizations may establish these programs. By providing advantageous tax treatment to a wide range of plans, Congress has stated a goal to promote sensible retirement planning. The Internal Revenue Code's provisions form the basis for the federal tax features of retirement plans in the United States, while the Employee Retirement Income Security Act's requirements are used by the Department of Labor to govern these plans (ERISA).Solution -[tex]5000 * 30 = 150,000[/tex]
8% of [tex]150,000 = 12,000[/tex]
The total amount for retirement [tex]= 162,000[/tex]
Number of years to spend money [tex]= 25[/tex]
The money she can spend each year = [tex]\frac{162,000}{25} =6,480[/tex]
Therefore, she can spend $6,480 each year after she retires.
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How does a mutual fund differ from an index
fund?
---
a. Mutual funds group the stocks in their
funds together while index funds do
not.
b. Mutual funds are passively managed
while index funds are actively managed.
c. Mutual funds typically have lower fees
than index funds.
d. Mutual funds are actively managed by a
professional while index funds are not.
Answer:
i will for D because that is the right answer
If the company wants to provide a warranty so that only 2.6% of the DVD players will be replaced before the warranty expires, what is the time length of the warranty?
The time length of the warranty base on the information is 3.3 years.
How to calculate the time length?Based on the complete information, the time length of the warranty will be:
(x - 7)/1.9 = -1.944
x = 7 - 3.6936
x = 3.3 years.
Therefore, the time length is 3.3 years.
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Economic analysis suggests that countercyclical macro-policy will a. help reduce economic instability if, and only if, we are willing to tolerate double-digit inflation. b. be difficult to time properly because of uncertainty about the future direction of the economy. c. reduce the natural rate of unemployment when macro-policy is persistently expansionary. d. be difficult to implement because we do not know whether monetary policy is transmitted through the interest rate, or whether it affects aggregate demand directly.
Economic analysis suggests that countercyclical macro-policy will c. reduce the natural rate of unemployment when macro-policy is persistently expansionary.
What is Counter-cyclical fiscal policy?Counter-cyclical fiscal policy can be regarded as the policy that government usually used to go against the direction of the economic or business cycle.
Therefore, reduce the natural rate of unemployment when macro-policy is persistently expansionary.
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Who does copyright law protect the rights of?
A potential negative result of trade agreements is
Now, suppose the fish cannery has the property rights to the lake, including the right to pollute it. In this case, assuming the two firms can bargain at no cost, the fish cannery willuse the recycling method, and the resort will pay the fish cannerybetween $300 and $800 per week. The resort will make the most economic profit whenit has property rights to a clean lake . True or False: The fish cannery will use the recycling method, regardless of who has the property rights. True False
The fish cannery will use the recycling method, regardless of who has the property rights: TRUE
What is recycling?Recycling is the process of gathering and converting resources into new goods that would otherwise be thrown away as waste. Both the environment and your community may benefit from recycling.Given situation:"Suppose the fish cannery has the property rights to the lake, including the right to pollute it.
In this case, assuming the two firms can bargain at no cost, the fish cannery will use the recycling method, and the resort will pay the fish cannery between $300 and $800 per week.
The resort will make the most economic profit when it has property rights to a clean lake."
Therefore, the following statement "the fish cannery will use the recycling method, regardless of who has the property rights is TRUE.
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What is the most accurate statement about posting complaints online?
The most accurate statement about posting complaints online is that it may make the complaints of the complainers seem irrational.
What does it mean by posting complaints online?
This has to do with the fact that people may decide to express their displeasures about certain issues through the use of social media.
The use of this may sometimes make the people seem irrational on the issues they have.
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A $100 petty cash fund has cash of $17 and receipts of $86. The journal entry to replenish the account would include a
The journal entry to replenish such a petty cash fund would be a credit to Cash for $83.
How are petty cash funds replenished?The petty cash fund will have to remain at the same balance of $100 at the end of the period.
In order to do that, the amount to come into the account is:
= 100 - 17
= $83
This amount will be taken from the cash account which is why it is to be credited.
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As a CA employer, in terms of record retention, what three types of records do I need to pay special attention to? Group of answer choices Safety and toxin/chemical exposure records, including safety data sheets: keep for 30 years Pension and welfare plan information: keep for six years. All of the above. First-aid records of job injuries causing loss of work: keep for five years.
CA Employers need to pay attention to the following records:
Safety and toxin/chemical exposure records, including safety data sheets: keep for 30 years.Pension and welfare plan information: keep for six years. First-aid records of job injuries causing loss of work: keep for five years.Which records need to be kept by CA employers?The state of California requires that employers in the state should keep certain records.
Pension and welfare records should be kept for 6 years while first-aid records should be kept for 5 years.
Safety and chemical records are placed a high value on and should be kept for 30 years.
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Sellers, landlords, and real estate agents are required to include a ______ in the contract or lease if the real estate was built prior to 1978.
Sellers, landlords, and real estate agents are required to include a "Lead Warning Statement" in the contract or lease if the real estate was built prior to 1978.
What was Lead Warning Statement?Lessors must declare the existence of known lead-based paint and/or lead-based paint dangers in a home before renting out a pre-1978 property.
Reason for banning lead-based paints was-
If not handled appropriately, lead from paint, paint chips, and dust can pose health risks. Young children and expectant mothers are particularly vulnerable to the effects of lead exposure.The disclosure's goal is to make a buyer or tenant aware of any potential risks associated with lead-based paint in their future property.
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Karen and Anika chose the small business owners niche target market because of their limited resources and experience as entrepreneurs. A significant downside of targeting a niche market is
A significant disadvantage of targeting a niche market is the limited potential for business growth.
What is the niche market?It is a strategy for a company to specialize in a particular area, segmenting its audience and becoming an expert in its area of business.
Therefore, although segmenting a niche market has the advantages of customer loyalty to the brand, this strategy can also reduce the possibility of business growth.
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D
Question 5
Net worth, or net income, can be summarized as:
O Income - Expenses
O Income / Expenses
Income + Expenses
O Expenses- Income
3 pts
Answer:
income - expenses
Explanation:
net income is an entity's income minus all the expenses, taxes etc and net worth is the total wealth own by individual minus expenses.
A transfer payment is Question 8 options: a payment for moving expenses a worker receives when he or she is transferred by an employer to a new location. a payment that is automatically transferred from your bank account to pay a bill or some other obligation. a form of government spending that is not made in exchange for a currently produced good or service. the benefit that a person receives from an expenditure by government minus the taxes that were collected by government to fund that expenditure.
A transfer payment is a form of government spending that is not made in exchange for a currently produced good or service.
What is transfer payment?Transfer payment is when the government makes payment for goods when goods and services are not produced or rendered. An example of transfer payment is social security. Transfer payment is not added to the calculation of gross domestic product.
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If prices are rising, which inventory cost flow method will produce the lowest amount of cost of goods sold?.
Answer:
FIFO
Explanation:
What is the payment on a 72 month, 5.99% car loan for $20,000
Based on the calculation done below, the payment on the 72-month car loan is $331.36 monthly.
How do we calculate the monthly loan payment?The monthly payment of the car loan can be calculated using the formula for calculating the present value of an ordinary annuity as follows:
M = PV / ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)
Where;
M = Monthly payment = ?
PV = Present value or the car loan = $20,000
r = Monthly interest rate = Annual interest rate / 12 = 5.99% / 12 = 0.059 /
12 = 0.00491666666666667
n = number of months = 72
Substitute the values into equation (1), we have:
M = $20,000 / ((1 - (1 / (1 + 0.00491666666666667))^72) / 0.00491666666666667)
M = $331.36
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The LM curve is steeper the ______ the interest sensitivity of money demand and the ______ the effect of income on money demand. (This is a difficult question. If you do not have the answer, pls try your best guess, considering also going by elimination. Hint: Draw two LM curves with different slopes, one flatter and one steeper, and then compare the interest rate change for a given IS shift at the initial income level and the income change for the same IS shift at the initial interest rate level). a. greater; greater b. greater; smaller c. smaller; smaller d. smaller; greater
The correct option is, (d) smaller, greater.
The LM curve is steeper the smaller the interest sensitivity of money demand and the greater the effect of income on money demand.What does a steeper LM curve mean?The LM curve will be steeper if the income-elasticity of the demand for money is higher and the interest-elasticity is lower. The LM curve is virtually vertical when the demand for money is generally indifferent to the interest rate.What causes the LM curve to shift?The LM curve shifts right as a result of monetary stimulation, or boosting the money supply, leading to higher output and lower interest rates.The IS curve is shifted to the right by fiscal stimulus, or boosting government spending and/or lowering taxes, which raises interest rates while driving up output.What is income sensitivity of money demand?The greater the interest rate, as the minus sign suggests, the more likely people are to invest their money rather than have it available for consumption. The income sensitivity of real money demand and the interest sensitivity of real money demand are the two variables that are regulated by sensitivity coefficients.Learn more about LM curve here:
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A broker is concerned about the potential for litigation as a result of actions his licensees may take. He's implementing a risk management plan to reduce the level of risk his firm faces. What's the first step he should take
A broker first step should take, to identify the risk.
What is risk management?
The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management.
The risk management process is made up of five fundamental processes that are used to control risk. It starts with identify the risk, analyze the risk, prioritize the risk, treat the risk, monitor the risk.
Hence, the significance of the risk management is aforementioned.
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Suppose a severe drought results in a poor harvest and leads to higher overall food prices. This situation is a _____ shock and is likely to lead to _____ inflation.
Suppose a severe drought results in a poor harvest and leads to higher overall food prices. This situation is a "supply" shock and is likely to lead to "cost-push" inflation.
What is cost-push inflation?Cost-push inflation happens when a good or service's supply changes but its demand remains the same. Cost push is one of the two causes of inflation. The other is demand-pull inflation.
The causes of cost-push inflation are-
The most frequent causes of it include
monopolies, wage increases, natural disasters, the introduction of regulations, and changes in exchange rates.In this situation, the supply levels fall down due to loss of harvest and demand remains the same. This will drive up the prices, leading to inflation.
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How do corporations raise money and resources to expand? select three answers
Corporations raise money and resources to expand through debt or equity financing, selling stock and also reinvesting profits.
How corporations raise money and resourcesMost businesses especially start ups look out for capitals to start and scale their businesses.
They raise money from different sources and pay back with interest. Some of the sources where these corporations raise money are loan banks, debt or equity financing, selling stock and also reinvesting profits.
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Identify examples of leveling mechanisms in the United States. Example of a Leveling Mechanism use of taxpayer money to repair roads and bridges Press Space to open use of taxpayer money to pay for the military Press Space to open use of taxpayer money for political gains Press Space to open use of taxpayer money to pay for public schools
The use of taxpayer money for political gains is NOT a leveling mechanism.
The use of taxpayer money to pay for public schools IS A leveling mechanism. Leveling is the reduction of elimination of inequality.
What is a Levelling Mechanism?A leveling mechanism is a mechanism or a system that is used to reduce or eliminate social inequality.
Thus, it is correct to state that:
The use of taxpayer money for political gains is NOT a leveling mechanism; whileThe use of taxpayer money to pay for public schools IS A leveling mechanism.Learn more about inequality at;
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suppose the equilibrium price of oranges is $2.00 per pound. if the actual price is above the equilibrium price a:
If the actual price is above the equilibrium price, a surplus exists and the price falls to restore equilibrium.
What is law of supply and demand?The law of supply states that when the price of a product changes in a particular direction, the quantity supplied by the producer also changes in a similar direction.
Note that the market price is more than the equilibrium price, the quantity demanded will be lower than the quantity supplied leading to a surplus and price falling to restore equilibrium.
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The contribution-margin ratio is: Select one: a. the difference between the selling price and the variable cost per unit. b. unit contribution margin divided by the selling price. c. variable cost per unit divided by the selling price. d. fixed cost per unit divided by variable cost per unit. e. unit contribution margin divided by fixed cost per unit.
In business, the contribution-margin ratio is b. unit contribution margin divided by the selling price.
What is the contribution-margin ratio?After finding the contribution margin by subtracting the variable costs from the selling costs, you can then find the contribution margin ratio in the following formula:
= (Unit contribution margin) / Selling price
This shows how much of the selling price will be left after variable costs are accounted for.
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The contribution margin ratio is defined as the difference between the selling price and the variable cost per unit.
The contribution margin is the difference between sales revenue and variable costs. It helps businesses calculate how much revenue they will generate from each product sold, after accounting for the cost of producing that product. The contribution margin ratio, also known as the contribution margin percentage, is calculated by dividing the contribution margin per unit by the selling price per unit.
This percentage can be used to determine the break-even point, which is the number of units a business needs to sell in order to cover its fixed costs. The higher the contribution margin ratio, the better, as this means that more of each sale goes towards covering fixed costs and generating profit.
The contribution margin ratio is an important metric for businesses to monitor as it can help them make informed decisions about pricing, production, and sales strategies.
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Which agency sets up standards of identity for manufactured foods such as milk, peanut butter and mayonnaise?
The agency that set up standards of identity for manufactured foods such as milk, peanut butter and mayonnaise is NAFDAC
What are the function of NAFDAC?NAFDAC means the national agency of food and drug, admistration and control.
They are organization is responsible for standadizing the goods produced by manufacturing industries. They ensure these industries comply with the set standards before producing food for consumption purpose.
Hence the agency that set up standards of identity for manufactured foods such as milk, peanut butter and mayonnaise is NAFDAC
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