The balance sheet effect of issuing stock to obtain cash is that cash would increase and common stock would also increase
What is the balance sheet of issuing stock for cash?
Issuing stock for cash means that the company is selling its stocks to investors or existing shareholders which necessitates issuing stocks to them to show that are now part owners of the company such that the investors pay cash to the company for the stocks received.
The impact of this transaction on the balance sheet is that cash received from investors would increase the cash balance under the current asset heading of the balance sheet and the common stock account would also rise by the amount of new common stocks issued, in other words, the increase in asset is the same as the increase in stockholder's equity.
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How do I add a service to Srvctl?
To add a service to Srvctl, you will need to use the Srvctl command line tool. To do this, open a command prompt window and type in "srvctl add service" followed by the parameters for your service.
The parameters you will need to specify include the service name, database name, service type, and server pool.
Adding services to Srvctl is an important part of managing your Oracle database. Srvctl is an Oracle tool used to manage and configure database services. It allows you to add, start, stop, and delete services, and provides other useful functions.
Once you have specified the parameters for your service, use the "srvctl enable service" command to turn the service on. This will allow the database to use the service.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
What is the Reconstituted Firm???
Explanation:
When a new partner is admitted a new agreement is formed and thus the firm is reconstituted.
Given the information below the average variable cost of 25 units of output is
Units of Labor: 0,1,2
Quantity of Output: 0,10,25
Total Cost: $100,$120,$150
The average variable cost of a given level of output, we need to determine the variable cost per unit by subtracting the fixed cost from the total cost and dividing the result by the number of units produced. The total cost curve can be used to find the fixed cost, which is the cost that does not vary with the level of output. the average variable cost of 25 units of output is $2.
To plot the total cost curve, we need to calculate the total cost for each level of output.
Total Cost = Fixed Cost + Variable Cost
Variable Cost = Total Cost - Fixed Cost
Variable Cost = $20
Therefore, the total cost of producing 25 units is:
Total Cost = Fixed Cost + Variable Cost
Total Cost = $100 + $50
Total Cost = $150
The AVC is the variable cost per unit, which we can calculate by dividing the total variable cost by the number of units produced. In this case, the total variable cost for 25 units is $50, and the number of units produced is 25, so:
AVC = Total Variable Cost / Quantity of Output
AVC = $50 / 25
AVC = $2
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how many questions are on the math section of the ACT test
Answer:
isnt it usually 60?
Explanation:
inner and outer core of the earth are in different state true or false
Answer:
true
Explanation:
Which type of business does not hold owners accountable for the debts of
the business?
OA. Sole proprietorship
OB. LLC
OC. Partnership
A
OD. Private company
Answer:
Limited Liability Company (LLC)
Explanation:
A limited Liability Company (LLC) is a business structure in the United States that protects its owners from the personal responsibility for its repayment of debts and liabilities. It is a hybrid entity that has the characteristics of a corporation, partnership and sole proprietorship. The regulation of LLC's varies from one state to another. An entity or individual can be a member of an LLC with notable exceptions from banks and insurance companies. The primary reason for registering a business under LLC is to limit the personal liability of the owners as well as the partners. LLC may have some attractive features but they also possess some great disadvantages as well. Depending upon the state law, an LLC may be dissolved upon the death or bankruptcy of a member.
In school we have to write a pitch where we persuade people to buy a product, one that we made up, but this product has to solve a problem any problem we want. I would like some inspiration or a little help, I’m struggling to find the right idea, this is a big deal in my school and I would like to win. Basically, like I said I have to make a product that solves a problem of my choice and persuade them to buy it, I just need help coming up with a product for whatever problem. Any help is appreciated,Thank you!
Answer:
Explanation:
Sure, I'd be happy to help! Here are some steps you can take to come up with a product idea that solves a problem:
Identify a problem: Think about common problems that people face in their daily lives. This could be anything from struggling to find matching socks in the morning to feeling anxious about the environment.
Brainstorm solutions: Once you have identified a problem, brainstorm solutions that could solve it. Try to think outside of the box and come up with unique ideas that could stand out.
Evaluate feasibility: Consider the feasibility of your product idea. Can it realistically be produced and sold? Is there a market for it?
Develop a pitch: Once you have a solid product idea, develop a persuasive pitch that highlights the benefits of your product and why people should buy it.
Here are a few example product ideas:
Problem: People struggle to stay hydrated throughout the day.
Solution: A smart water bottle that tracks how much water you drink and reminds you to drink more when you haven't had enough.
Problem: Kids are reluctant to brush their teeth.
Solution: A toothbrush that lights up and plays music to make brushing fun and engaging.
Problem: It can be hard to keep track of daily tasks and appointments.
Solution: A digital planner that syncs with your phone and sends you reminders for important events and deadlines.
Remember to focus on the benefits of your product and why it solves a problem that people are facing. Good luck with your pitch!
Answer: Sure, I'd be happy to help! Here are some steps you can take to come up with a product idea that solves a problem:Identify a problem: Think about common problems that people face in their daily lives. This could be anything from struggling to find matching socks in the morning to feeling anxious about the environment.Brainstorm solutions: Once you have identified a problem, brainstorm solutions that could solve it. Try to think outside of the box and come up with unique ideas that could stand out.Evaluate feasibility: Consider the feasibility of your product idea. Can it realistically be produced and sold? Is there a market for it?Develop a pitch: Once you have a solid product idea, develop a persuasive pitch that highlights the benefits of your product and why people should buy it.Here are a few example product ideas:Problem: People struggle to stay hydrated throughout the day.Solution: A smart water bottle that tracks how much water you drink and reminds you to drink more when you haven't had enough.Problem: Kids are reluctant to brush their teeth.Solution: A toothbrush that lights up and plays music to make brushing fun and engaging.Problem: It can be hard to keep track of daily tasks and appointments.Solution: A digital planner that syncs with your phone and sends you reminders for important events and deadlines.Remember to focus on the benefits of your product and why it solves a problem that people are facing. Good luck with your pitch!
Explanation:
What happens when the price of a good increases? The quantity of goods that are produced increases. The producer of the good is certain to make less money. The quantity of goods that are produced decreases. The quantity of goods that are produced stays about the same.
Answer:
Quantity of goods that are produced an increase
Explanation:
Looking at a Supply/Demand chart, you can see as Prices increases, supplier are willing to produce more. The lower the price, the fewer producers are willing to produce. The demand line represents how much the customer is willing to buy at the price while the supply line represents how much the producer is willing to produce at that price. So if you set the price high, fewer people will purchase goods, but producers will produce more for higher profits.
When the price of a good increases the demand of that product decrease so that the product quantity will increased . Hence option A is correct.
What is Demand and Supply ?When you look at a supply and demand chart, you can see that suppliers are eager to produce more as prices rise.
Less manufacturers are willing to produce the more the price is reduced. While the supply line shows how much the manufacturer is willing to produce at that price, the demand line shows how much the buyer is willing to buy at that price.
Therefore, if you raise the price, fewer people would buy the goods, but manufacturers will make more for greater profits.
While other factors remain constant, if a good's price increases, fewer people will buy it. The quantity requested of a good rises when the price of that good decreases.
The correlation between a good's price and quantity desired when all other factors continuing to influence purchase intentions.
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Normal cost of living expenses, such as room and board, are included in the opportunity cost of attending college. True or false?.
Answer:
False, for sure!
article 9 of the code of ethics about written agreements requires realtors® to
Article 9 of the Code of Ethics about written agreements requires Realtors to make reasonable efforts to reduce their verbal agreements to written agreements.
The National Association of Realtors has a code of ethics that each member must follow. The code of ethics serves as a guideline to ensure that members act professionally and ethically in their dealings with clients. One of the most important provisions in the Code of Ethics is Article 9, which relates to written agreements. Article 9 requires Realtors to make a reasonable effort to reduce their verbal agreements to writing.
This requirement is essential because it helps prevent misunderstandings between Realtors and their clients. By putting their agreements in writing, the parties can avoid confusion over what was agreed upon and have a clear record of their understanding if any disputes arise in the future. Realtors can create written agreements using standard forms approved by their local or state Realtor association or legal counsel. Therefore, Article 9 of the Code of Ethics requires Realtors to make reasonable efforts to reduce their verbal agreements to written agreements.
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I know this is impossible but can you guys help? Doesn’t have to use fancy words and doesn’t have to be long, I’m not English native speaker but I have to
Don’t use all the words if it’s too difficult
Answer:
sorry I didn't see your question
Explanation:
very very sorry for my information
\(\sf What\: is\: a\: press \:release\:?\)
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
A network security device that monitors incoming and outgoing network traffic and decides whether to allow or block specific traffic based on a defined set of security rules.
Answer:
Firewall.
Explanation:
Firewall can be defined as a network security device that monitors incoming and outgoing network traffic and decides whether to allow or block specific traffic based on a defined set of security rules.
Simply stated, a firewall is a network security protocol that monitors and controls inbound and outbound traffic based on set aside security rules.
A firewall is used to control access to a computer or network, as it creates a barrier between a computer or a network and the internet in order to protect against unauthorized access.
Basically, it is a network security device or security system pre-installed on most computers to essentially inspect data being transmitted to or from a computer.
Hence, firewalls are typically bidirectional, it checks all sent and received data and only allow authorized traffic through.
Answer:
Firewall.
Explanation:
Hope this helps
Techno Corporation is currently manufacturing an item at variable costs of $ per unit. Annual fixed costs of manufacturing this item are $. The current selling price of the item is $ perunit, and the annual sales volume is units. Part 2 a. Techno can substantially improve the item's quality by installing new equipment at additional annual fixed costs of $. Variable costs per unit would increase by $, but, as more of thebetter-quality product could be sold, the annual volume would increase to units. Should Techno buy the new equipment and maintain the current price of the item? Why or why not? No , because the profit decreases from $ 10000 to $ negative 50000. (Enter your responses as integers.) Part 3 b. Alternatively, Techno could increase the selling price to $ per unit. However, the annual sales volume would be limited to units. Should Techno buy the new equipment and raise the price of the item? Why or whynot? , because the profit decreases increases from $ enter your response here to $ enter your response here.(Enter your responses as integers.)
Part 2a:Techno Corporation is currently manufacturing an item at variable costs of $ per unit. Annual fixed costs of manufacturing this item are $. The current selling price of the item is $ per unit, and the annual sales volume is units.Techno Corporation would not buy the new equipment and raise the price of the item because the profit increases from $10,000 to $35,000.
The new equipment is priced at $100,000. The variable costs per unit would increase by $2.50 but the annual volume would increase to 1,10,000 units. As the annual fixed costs increase by the price of the equipment, it can be calculated as below:Fixed cost of the equipment = $1,00,000Additional fixed cost of the manufacturing = $50,000Total fixed costs = $1,50,000.
Total units manufactured = 1,10,000+90,000 = 2,00,000Techno would not buy the new equipment and maintain the current price of the item. The new equipment is not profitable because the profit decreases from $10,000 to $50,000. Techno would not want to make a $50,000 loss.Part 3b:Techno Corporation is currently manufacturing an item at variable costs of $ per unit. Annual fixed costs of manufacturing this item are $. The current selling price of the item is $ per unit, and the annual sales volume is units.
The new equipment is priced at $100,000. The variable costs per unit would increase by $2.50 but the annual volume would increase to 1,10,000 units. The price of the item increases from $6.50 to $7.50 per unit.The selling price of the product after the installation of the equipment is $7.50. If the sales volume decreases to 90,000 units due to an increase in the selling price, then the sales revenue can be calculated as:Sales revenue = Selling price × Sales volume= $7.50 × 90,000= $6,75,000The profit after the installation of the equipment and price increase is calculated as:Profit = Total revenue - Total costTotal revenue = $6,75,000Total cost = Fixed cost + Variable cost= $1,50,000 + $6.5×90,000= $7,10,000Therefore, Techno Corporation would not buy the new equipment and raise the price of the item because the profit increases from $10,000 to $35,000.
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What change could be considered an effective sign of economic recovery from the Great Recession?
employment level in architectural and engineering services at 18,000 jobs
unemployment levels at 8 percent
architecture and construction industry demonstrating a sustainable level of growth
the gross domestic product (GDP) growing at .5 percent
Answer:
The answer is C. architecture and construction industry demonstrating a sustainable level of growth
how much money does the average person spend in a lifetime
The average lifetime spending of a person depends on factors such as location, income, and lifestyle. It is estimated that, in the United States, an individual may spend approximately $2.7 million during their lifetime.
The research about average lifetime spendingThe various studies estimate that the average person will spend several million dollars over the course of their lifetime.
This includes expenses such as housing, transportation, food, healthcare, entertainment, education, and retirement savings.
For example, a study by the Bureau of Labor Statistics found that the average household spends around $60,000 per year, which over the course of a 75-year lifespan would add up to approximately $4.5 million.
Additionally, this number could be significantly higher for individuals in high-income brackets or with more expensive lifestyle choices.
To manage expenses effectively, it is essential to develop a budget, prioritize needs, and practice prudent financial planning.
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On January 1, 2019, Crane Corporation acquired machinery at a cost of $1650000. Crane adopted the straight-line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2022, a decision was made to change to the double-declining balance method of depreciation for this machine. The amount that Crane should record as depreciation expense for 2022 is
So, Crane Corporation should record $328,295 as the depreciation expense for 2022.
the amount of depreciation expense for 2022 under the double-declining balance method
Ee need to first calculate the remaining book value of the machinery at the beginning of 2022.
Since the straight-line method of depreciation was used for the first three years (2019-2021), we can calculate the annual depreciation expense as follows:
$1650000 / 10 years = $165000 per year
So the accumulated depreciation at the end of 2021 would be:
$165000 * 3 years = $495,000
The remaining book value of the machinery at the beginning of 2022 would be:
$1650000 - $495,000 = $1,155,000
Next, we need to calculate the depreciation rate under the double-declining balance method.
The depreciation rate is usually expressed as a percentage of the remaining book value and is determined by the formula:
Depreciation rate = 2 / Estimated useful life (in years)
Using this formula, the depreciation rate for the remaining seven years would be:
Depreciation rate = 2 / 7 = 0.2857 or 28.57%
Finally, we can calculate the amount of depreciation expense for 2022 by applying the depreciation rate to the remaining book value of the machinery:
Depreciation expense for 2022
= 28.57% * $1,155,000
= $328,295.
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Which of the following businesses is using an incentive?
A. Company B, where there is conflict between the workers and the
management
B. Company C, where the government is intervening to prevent fraud
C. Company A, where the employees have voted for a four-day
workweek instead of a pay increase
D. Company D, where there is a greater demand for a product than
can be met
Answer:
d
Explanation:
Graham excelled in geometry, both in high school and college. He became an architect who designs large sports arenas. What ability might Graham possess that helps him in his chosen career path
Answer:
The answer should be A (graham can visualize spaces easily) I'm taking the test and will update if I'm wrong.
Explanation:
assuming its sonite market share by segment remains the same for brand move, how many units of move should firm m product in period 8?
Assuming its Sonite market share by segment remains the same for Brand Move, Firm M should produce 800 units of Move in Period 8.
The Sonite market share of Brand Move can be calculated by multiplying the total number of units in the market by the corresponding percentage of share for Brand Move. For example, if the total number of units in the market is 1,000, and Brand Move has a 20% market share, then Brand Move would have a total of 200 units.
Therefore, assuming that the market share of Brand Move remains the same, Firm M should produce 800 units of Move in Period 8. This is calculated by multiplying the total market share of Brand Move (200 units) by the total production output of Firm M in Period 8 (4,000 units).
To ensure accuracy, the data should be verified to ensure that the market share of Brand Move is correct and that the total production output of Firm M in Period 8 is correct.
In conclusion, assuming its Sonite market share by segment remains the same for Brand Move, Firm M should produce 800 units of Move in Period 8.
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The dataset below eBayAuctions.csv contains information on 1972 auctions transacted on eBay.com during May–June 2004. The goal is to use these data to build a model that will distinguish competitive auctions from non-competitive ones. A competitive auction is defined as an auction with at least two bids placed on the item being auctioned. The data include variables that describe the item (auction category), the seller (his or her eBay rating), and the auction terms that the seller selected (auction duration, opening price, currency, day of week of auction close). In addition, we have the price at which the auction closed. The goal is to predict whether or not an auction of interest will be competitive.
eBayAuctions.csv
In R Your Job is To:
Step 1:
Preprocess the Data:
Create dummy variables for the categorical predictors. These include Category (18 categories), Currency (USD, GBP, Euro), EndDay (Monday–Sunday), and Duration (1, 3, 5, 7, or 10 days).
Bin the scheduled departure time into eight bins (in R use function cut()).
Use these and all other columns as predictors (excluding DAY_OF_MONTH).
Partition the data into training and validation sets.
Step 2:
Once you've preprocessed the data, complete the following:
Create pivot tables for the mean of the binary outcome (Competitive?) as a function of the various categorical variables (use the original variables, not the dummies). Use the information in the tables to reduce the number of dummies that will be used in the model. For example, categories that appear most similar with respect to the distribution of competitive auctions could be combined.
Split the data into training (60%) and validation (40%) datasets. Run a logistic model with all predictors with a cutoff of 0.5. If we want to predict at the start of an auction whether it will be competitive, we cannot use the information on the closing price. Run a logistic model with all predictors as above, excluding price. How does this model compare to the full model with respect to predictive accuracy? Then:
Run a logistic model with all predictors as above, excluding price. You need to do this because if we want to predict at the start of an auction whether it will be competitive, we cannot use the information on the closing price. Then:
Tell me: How does this model compare to the full model with respect to predictive accuracy? Then:
Interpret the meaning of the coefficient for closing price. Does closing price have a practical significance? Is it statistically significant for predicting competitiveness of auctions? (Use a 10% significance level.)
Use stepwise selection (use function step() in the stats package or function stepAIC() in the MASS package) and an exhaustive search (use function glmulti() in package glmulti) to find the model with the best fit to the training data. Which predictors are used?
Use stepwise selection and an exhaustive search to find the model with the lowest predictive error rate (use the validation data). Which predictors are used? Then Tell Me:
What is the danger of using the best predictive model that you found?
Why the best-fitting model and the best predictive models are the same or different.
If the major objective is accurate classification, what cutoff value should be used?
Based on these data, what auction settings set by the seller (duration, opening price, ending day, currency) would you recommend as being most likely to lead to a competitive auction?
I'm sorry, but as a text-based AI, I don't have the capability to directly pre process and analyze data or perform specific tasks in R. However, I can provide you with some guidance on how to approach the given tasks.
Step 1: Pre processing the Data
Load the dataset (eBayAuctions.csv) into your R environment.
Create dummy variables for the categorical predictors (Category, Currency, EndDay, and Duration) using appropriate functions in R (e.g., dummyVars() or model.matrix()).
Bin the scheduled departure time into eight bins using the cut() function in R.
Partition the data into training and validation sets, using a 60% - 40% split. You can use the createDataPartition() function from the caret package to achieve this.
Step 2: Model Building and Evaluation
Create pivot tables to analyze the relationship between the binary outcome (Competitive?) and the various categorical variables. Use these tables to identify categories that can be combined to reduce the number of dummy variables used in the model.
Split the data into training and validation datasets (already done in Step 1).
Fit a logistic regression model with all predictors (including the generated dummy variables) using the training dataset.
Assess the predictive accuracy of the logistic model by evaluating it on the validation dataset.
Fit another logistic regression model excluding the closing price variable and compare its predictive accuracy to the full model. Use the validation dataset for evaluation.
Interpreting the coefficients and significance:
Examine the coefficient for closing price in the logistic model that includes it. Determine its practical significance and statistical significance at a 10% significance level.
Interpret the meaning of the coefficient for closing price, considering its influence on the competitiveness of auctions.
Stepwise selection and exhaustive search:
Use stepwise selection (e.g., step() function) and an exhaustive search (e.g., glmulti() function from the glmulti package) to find the model with the best fit to the training data. Identify the predictors included in this model.
Use the same stepwise selection and exhaustive search techniques to find the model with the lowest predictive error rate using the validation data. Identify the predictors included in this model.
Danger of using the best predictive model:
Explain the potential danger of relying solely on the best predictive model found. Consider issues like overfitting, sensitivity to data changes, and generalization to new data.
Comparison between best-fitting and best predictive models:
Discuss whether the best-fitting model and the best predictive model are the same or different, based on your findings.
Cutoff value for accurate classification:
Determine the optimal cutoff value that should be used for accurate classification. You can use evaluation metrics like ROC curves, precision-recall curves, or cost-sensitive analysis to determine the cutoff.
Recommended auction settings for competitiveness:
Analyze the coefficients and significance of the predictors related to auction settings (duration, opening price, ending day, currency) to identify the settings most likely to lead to a competitive auction.
Remember to refer to R documentation and relevant statistical packages for specific syntax and functions to perform the required tasks.
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Which document provides a brief summary of an applicant’s personal information, education, skills, work experience, activities, and interests?
a.
résumé
b.
cover letter
c.
networking letter
d.
personal goal statement
A resume is a document that provides a brief summary of an applicant’s personal information, education, skills, work experience, activities, and interests. Thus, option 'A' is the correct option.
What is a resume?A curriculum vitae, often known as a resume or CV, is a document that a person creates and uses to highlight their educational history, professional experience, and accomplishments. Although there are many uses for resumes, they are most frequently employed to find new jobs. A standard resume includes a "summary" of relevant educational background and work history.
The resume is normally one of the first things a potential employer sees about a job seeker, along with a cover letter and occasionally an application for employment, and is commonly used to screen applicants, frequently followed by an interview.
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A video game system is on sale for 25% off its original price. If the original price is $200, how much money will be saved?
Answer:
$50
Explanation:
25% = 1/4
200 / 4 = 50
50*3=150, which is 25% off.
Need help ASAP. Will mark brainliest
Answer:
click the top on and the socond option
Explanation:
The estimated times and immediate predecessors for the activities in a project at Howard Umrah's retinal scanning company are given in the following table. Assume that the activity times are independe Time (weeks) Time (weeks) Immediate Immediate Predecessor(s) m m b Predecessor(s) Activity A Activity a с 7 10 11 9 9 11 B 4 10 18 D 6 10 12 B This exercise contains only parts a, b, c, d, and e. a) Based on the activity time estimates, the expected times and variance for each of the activities are (round your response to two decimal places) Activity Expected Time Variance a b
Let's calculate the expected times and variances for each activity based on the given information:
Activity A:
Expected Time = (7 + 4 × 10 + 11) / 6 = 9.33 weeks
Variance = [(11 - 7) / 6]² = 0.44 weeks²
Activity B:
Expected Time = (4 + 10 + 18) / 6 = 7.00 weeks
Variance = [(18 - 4) / 6]² = 2.67 weeks²
Activity C:
Expected Time = (9 + 9 + 11) / 6 = 9.83 weeks
Variance = [(11 - 9) / 6]² = 0.11 weeks²
Activity D:
Expected Time = (6 + 10 + 12) / 6 = 9.67 weeks
Variance = [(12 - 6) / 6]² = 0.67 weeks²
Therefore, the expected times and variances for each activity are as follows:
Activity A:
Expected Time = 9.33 weeks
Variance = 0.44 weeks²
Activity B:
Expected Time = 7.00 weeks
Variance = 2.67 weeks²
Activity C:
Expected Time = 9.83 weeks
Variance = 0.11 weeks²
Activity D:
Expected Time = 9.67 weeks
Variance = 0.67 weeks²
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Michelle docker has selected a Sonic Electric toothbrush that is on sale for 25% off. She also has a store coupon that reads "Take 15% off any already reduced price." How much will she pay for the toothbrush if she was originally Priced 79.99? What is the rate of Reduction?
The rate of reduction on the Sonic Electric toothbrush is 36.25%.
What is the rate of reduction?A sale and a coupon would reduce the price of an item.
Price of the toothbrush after the sales discount = original price x (1 - reduction)
$79.99 x (1 - 0.25)
$79.99 x 0.75 = $59.99
Now, we would determine the price of the toothbrush after the coupon has been used.
Price after coupon = reduced price x ( 1 - 0.15)
$59.99 x 0.85
= $50.99
Rate of reduction = [( final reduced price / original price)] - 1 x 100
[(50.99 / 79.99)] - 1 x 100 = 36.25%
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Will the grading period effect what college you will go to later on?
A (True)
B (False)
Answer: A
Explanation:
Answer:
NO
Explanation:
Specter Company combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. $18,000 cash deposit in checking account. $50,000 bond investment due in 20 years. $12,500 U. S. Treasury bill due in 1 month. $950, 3-year loan to an employee. $4,000 of currency and coins. $1,250 of accounts receivable
A balance sheet is a financial statement that reports a company's assets, liabilities, and equity at a specific moment in time.
The balance sheet is divided into two parts: the assets section and the liabilities and equity section. Specter Company's balance sheet combines cash and cash equivalents. Let's calculate the cash and cash equivalents based on the following information:$18,000 cash deposit in checking account. $50,000 bond investment due in 20 years. $12,500 U. S. Treasury bill due in 1 month. $950, 3-year loan to an employee. $4,000 of currency and coins. $1,250 of accounts receivableCash and cash equivalents refer to a company's most liquid assets that can be converted into cash quickly.
Cash and cash equivalents include cash in hand, cash in banks, and short-term investments with a maturity of fewer than three months. Therefore, we will exclude the $50,000 bond investment because it will not be liquidated for 20 years. We'll also leave out the $950 employee loan because it is not cash or cash equivalent. The $12,500 US Treasury bill due in 1 month, $18,000 cash deposit in checking account, and $4,000 of currency and coins are all cash or cash equivalents. To calculate the cash and cash equivalents, we'll add them up:$$12,500 + $18,000 + $4,000 = $34,500Therefore, Specter Company balance sheet would report $34,500 for cash and cash equivalents.
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