Answer:
abra cadabra
Explanation:
an example of business fixed investment spending is
Answer:
Explanation:
An example of business fixed investment spending is $200 million of unsold cars at a car dealership. a purchase of a bond by General Electric Corporation.
You are a brand new financial planner advising a 19yo immigrant from Korea about financial responsibility and growing her financial literacy and net worth. This person is about to start her university undergraduate program at UofT. She is new to Canada and needs some basic advice on how to start her own independent life. Her family is well-off, however, Jung Soo wants to be financially independent from her family.
As a brand new financial planner, it is essential to offer the following advice to Jung Soo on financial responsibility and growing her financial literacy and net worth.
How to start your independent life Jung Soo should take into consideration the following while trying to be financially independent from her family: Save a little amount of money each month It is essential to save a little amount of money every month to cater to any emergency needs and avoid any situation that could disrupt her financial stability. Jung Soo could start by opening a savings account, putting aside a specific amount every month for that purpose.
Track your expensesJung Soo should track her expenses to identify areas where she spends the most money. This tracking would allow her to make a budget and help her determine areas where she needs to cut down on spending. She could use a spreadsheet or financial app to help her track expenses.
Set financial goalsJung Soo should set short and long-term financial goals to keep her motivated and give her direction. She could set goals such as saving a particular amount of money every month, investing in a low-risk investment, or reducing expenses in a specific area. Having these goals would help her stay on track and motivated towards achieving her financial objectives.
In summary, as a new financial planner, it is essential to advise Jung Soo to save a little amount of money every month, make a budget, track expenses, and set financial goals to become financially independent.
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A firm with market power in pricing faces ahorizontal supply curve.downward-sloping demand curve.downward-sloping supply curve.horizontal demand curve.
A firm with market power in pricing faces a downward-sloping demand curve.
Market power refers to the ability of a firm to influence the market price of a product or service. When a firm has market power, it can adjust its pricing strategy to affect the quantity demanded and maximize its profits.
In the case of a firm with market power, the demand curve it faces is downward-sloping. This means that as the firm increases its price, the quantity demanded by consumers decreases, and vice versa. The downward-sloping demand curve reflects the inverse relationship between price and quantity demanded.
The supply curve, on the other hand, can be either upward-sloping or horizontal. However, if the firm has market power, it is less likely to face a horizontal supply curve. A horizontal supply curve typically implies perfect elasticity of supply, where the firm can produce any quantity at a fixed price. In the real world, firms with market power often face upward-sloping supply curves, as the cost of production tends to increase as output expands.
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PLEASE HELP I'LL GIVE THE BRAINLIEST
Select the correct answer. Which of the following correctly matches the banking term with the appropriate definition?
A. A deposit is the total amount of money you have in the bank.
B. A withdrawal is an amount of money you take out of the bank.
C. Your balance is the money you put into the bank.
D. All of the above
Answer:
its answer is B a withdrawal is an amount of money you take out of the bank
Which of the following is true of cognitive dissonance? Select one:
a. It occurs when customers' thoughts are consistent with preconceived notions.
b. It occurs with unimportant decisions that are easy to reverse.
c. It occurs when consumers have high self-confidence.
d. It occurs when customers make a decision that involves risk.
Cognitive dissonance occurs when customers experience psychological discomfort due to conflicting thoughts or beliefs about a decision they have made.
Cognitive dissonance is a common phenomenon that occurs when customers experience conflicting thoughts or beliefs about a decision they have made. This can happen when the customer is presented with new information that challenges their preconceived notions or when the decision they have made involves a significant amount of risk.
The discomfort that arises from cognitive dissonance can lead customers to seek out additional information or change their behavior in order to reduce the psychological tension they are experiencing.
Cognitive dissonance is more likely to occur with important decisions that are difficult to reverse. For example, purchasing a car or a home involves a significant amount of money and is a decision that is difficult to undo. In contrast, minor decisions that are easy to reverse, such as choosing between two flavors of ice cream, are less likely to result in cognitive dissonance.
Understanding cognitive dissonance is important for businesses, as it can impact customer satisfaction and loyalty. By anticipating potential sources of cognitive dissonance and providing customers with information and support, businesses can help to reduce the likelihood of customers experiencing psychological discomfort.
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when employees suggest changes in a positive way and make innovative suggestions for change, they are exhibiting:
when employees suggest changes in a positive way and make innovative suggestions for change, voice behavior is exhibited:
Voice conduct refers back to the behavior that proactively situations the status quo and makes constructive modifications. preceding studies have explored the antecedents of personnel' voice conduct, however to whom employees are probably to voice their thoughts has remained not often tested.
voice conduct is difficult and transformative in nature, therefore, voice conduct is regularly accompanied by struggle or hazard, which made employees more careful approximately voice. therefore, employees frequently select to “know but keep silent,” and generally tend to accurately guard themselves. The phenomena are in particular obvious in China’s enterprise, in which concord is valued and with higher electricity distance.
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Which of the following statements best describes a demographic factor that is likely to affect a company's marketing of homes in retirement communities? a) People are willing to pay more for convenience b) The number of people over age 65 has surpassed the number of teens c) Interest rates for home buyers is below 10% d) Concern about water and air pollution has increased
The most appropriate statement that best describes a demographic factor likely to affect a company's marketing of homes in retirement communities is: b) The number of people over age 65 has surpassed the number of teens.
This statement highlights the demographic shift in the population, indicating that the aging population is increasing in comparison to younger age groups. This factor is significant for marketing homes in retirement communities as it suggests a growing target market of potential buyers who are looking for housing options suitable for their retirement years. It indicates a potential increase in demand for homes in retirement communities, which can influence marketing strategies and messaging to cater to the specific needs and preferences of this demographic.
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Who are office chief , sectional chief and assistant in school ?
Answer:
Post of the principle : A principal in a company is typically the owner, founder or chief executive officer (CEO) of a company. In some situations, the principal might be someone who owns most of the company's equity and is responsible for making big business decisions.
Post of the teacher : Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
Post of the counter worker : They call the childs parents if anything is wrong at school and is responsible of collecting the school fees and payment
Explanation:
Answer:
Sectional chief is the bridge between top and low level chiefs. One of the most important functions of a sectional chief is to report the performance, problems and achievements of the department to the office chief. Office Assistant: They are those personnel who work at lower level in an organization.
Teacher's post: Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
echo farm supply’s stock price is currently trading at $35 per share. the consensus among market analysts is that the stock should trade for $30 per share, given the amount, timing, and riskiness of the company’s dividends. is echo farm supply more or less likely to receive a hostile takeover bid?
The overvaluation of Echo Farm Supply's stock makes it less likely to attract a hostile takeover bid, as the higher trading price indicates the market believes it is worth more than the consensus value. However, other factors may also come into play.
Given that the consensus among market analysts is that Echo Farm Supply's stock should trade for $30 per share, and the current trading price is $35 per share, it suggests that the stock is currently overvalued. In general, an overvalued stock is less likely to attract a hostile takeover bid.
Hostile takeovers usually occur when a company's stock is undervalued, as the acquirer sees an opportunity to purchase the company at a lower price than its actual worth. In this case, the higher trading price indicates that the market believes the stock is worth more than the consensus value.
However, it's important to note that hostile takeovers can also be driven by factors other than the stock price, such as strategic advantages or potential synergies. While the overvaluation may make a hostile takeover bid less likely, it doesn't completely rule out the possibility. Other factors would also need to be considered.
In conclusion, based on the current overvaluation of Echo Farm Supply's stock, it is less likely to receive a hostile takeover bid.
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1. below is an example of a diwalidiyas. Extract the different parts of the diyas by making a sketch emphasizing the use of lines, shape forms and color. 2. you may put some accent to make your work more creative .
Answer:
need more info (incomplete)
Explanation:
Apprenticeships are a form of job training in which a sponsor, such as an employer, pays
a trainee to learn and work in a particular occupation. Some jobs in the military include
apprenticeship training, but others involve different types of hands-on learning.
True or False
Answer:
Oh man, I pooped my pants again
Right in front of my family and my friends
It's not that I have a problem with controlling
It's just that we were here in this alley bowling
Question 2. Small Town Sweets—audit planning analytics (4%)
Small Town Sweets is based in Molong, NSW, and produces a range of high-quality confectionery for the East Coast market. Small Town Sweets operates in a low-margin environment, which typically means that large volumes are required to cover overhead costs and generate profits. It also means that overheads need to be kept under control to ensure that a net profit is generated from its operations. Debt is also kept to a minimum to ensure that interest costs are low and that there is sufficient margin to protect solvency during downturns.
The company did not reach industry profitability benchmarks in the previous year and budgeted to do better in the current year. It thought that it could do so by keeping its costs down in relation to sales while allowing its gross margin to drop, evidently planning to generate a larger volume of sales. The company also planned to better manage its working capital by reducing inventory and accounts receivable levels, indicating that it expected to produce a healthy cash flow to enable it to do so. As part of the planning process MCA has produced the following analytical information:
Ratio Actual Budgeted Prior Year Industry
Return on equity % 12.9 16.6 14.8 15.5
Return on total assets % 10.7 14.2 13.1 14.5
Gross margin % 8.5 9.0 9.5 9.0
Marketing expense/sales % 2.6 1.8 2.0 2.2
Admin expenses/sales % 1.6 1.6 1.8 2.0
Interest coverage ratio 5.4 8.1 6.4 6.0
Days in inventory 33.1 30.4 31.1 30.0
Days in accounts receivable 50.0 48.0 49.7 45.0
Current ratio 1.3 1.2 1.2 1.5
Quick asset ratio 0.81 0.77 0.77 1.0
Debt to equity ratio 0.51 0.33 0.41 0.40
Required
With reference to ASA 315 and the information above, identify and justify:
the three ratios that would be of most interest in the planning of the audit.
the account balance that is most at risk for each ratio identified in 1.
the assertion most at risk for each account balance identified in 2.
Answer this question using the following headings:
1. Ratio
2. Account balance
3. Assertion
Ratio:
a) Return on equity %
b) Days in inventory
c) Days in accounts receivable
Account balance:
a) Net income
b) Inventory
c) Accounts receivable
Assertion:
a) Existence
b) Valuation
c) Completeness
Justification:
Ratio:
a) Return on equity %: Return on equity is a key profitability ratio that measures the company's ability to generate profits for shareholders. It is of interest to auditors as it provides insight into the effectiveness of the company's management team in generating profits. A lower than expected return on equity could indicate mismanagement or fraudulent activity.
b) Days in inventory: Days in inventory is a ratio that measures the average number of days it takes for inventory to be sold. It is of interest to auditors as it provides insight into the efficiency of the company's inventory management system. A high number of days in inventory could indicate that inventory is not being managed efficiently, leading to potential overstatement of inventory and understatement of cost of sales.
c) Days in accounts receivable: Days in accounts receivable is a ratio that measures the average number of days it takes for customers to pay their bills. It is of interest to auditors as it provides insight into the efficiency of the company's accounts receivable management system. A high number of days in accounts receivable could indicate that the company is not collecting receivables in a timely manner, leading to potential overstatement of accounts receivable and understatement of bad debts.
Account balance:
a) Net income: Net income is the primary measure of a company's profitability. It is at risk if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Inventory: Inventory is a major component of cost of sales and is at risk if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Accounts receivable: Accounts receivable represent amounts owed to the company by customers. They are at risk if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
Assertion:
a) Existence: The existence assertion is at risk for net income if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Valuation: The valuation assertion is at risk for inventory if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Completeness: The completeness assertion is at risk for accounts receivable if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
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In the broadest sense, a new product marketer must research ________ when developing a new product and a marketing program
a. attitudes of consumers toward packaging
b. various domestic promotional challenges
c. characteristics of international markets
d. characteristics influencing the rate of adoption
e. characteristics related to pricing acceptability
In the broadest sense, a new product marketer must research characteristics influencing the rate of adoption when developing a new product and a marketing program.
Option D is correct.
Before developing a marketing strategy for a new product, a marketer should investigate the factors that influence its adoption rate.
What is the adoption rate in marketing program ?Before developing a new product and marketing strategy, a new product marketer must conduct in-depth research to comprehend the factors that will influence the rate of adoption of the new product. This requires studying the product's unique features and benefits, the size of the potential market, and the specific needs and wants of the target audience. The marketer must also assess the product's positioning and the market's competitive environment.
The marketer must also take into consideration the various components of the marketing mix, such as product design, pricing strategies, promotional activities, and distribution channels, in order to develop a successful marketing strategy that will result in a significant increase in demand for the new product.
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2. Ownership of the resources used to create wealth is in the hands of the individuals is known as what?
a. private property right
b freedom of choice
c. profits
d. competition
4. Which of the following is a communication technique used to address a negative situation and (1 point)
discuss possible solutions?
confrontation
teamwork
commitment
collaboration
Answer:
Confrontation
Explanation:
Confroning a person is better than talking in publoc due to lots of People listening
Confrontation is a communication technique used to address a negative situation and discuss possible solutions. Thus option A is correct.
What is communication?The transfer of information is the standard definition of communicating. The phrase may also be used to describe the message sent via such transmission or the area of research that focuses on them. The correct definition of it is a subject of much debate.
A method of communication used to deal with a bad circumstance by setting expectations and emotions like frustration and disappointment. Another technique to talk about a solution is through confrontation. A courteous approach to expressing your thoughts to others is through physical engagement. Therefore, option A is the correct option.
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Help me guys please! I have to submit it today :((
Answer:
oh no!
Explanation:
SOWWYYYY!!!
what happened to government spending as a share of gdp through the 1990s? select the correct answer below: government spending increased government spending remained constant government spending decreased it is impossible to determine the pattern of government spending
During the 1990s, the pattern of government spending as a share of GDP underwent a significant change. Prior to the 1990s, government spending had been steadily increasing for several decades, but this trend began to shift in the 1990s.
Specifically, government spending as a share of GDP decreased during the 1990s. This was due in part to a variety of economic factors, such as the growth of the technology industry and the overall strength of the economy during this period. Additionally, there was a political shift towards fiscal conservatism during the 1990s, with both Democrats and Republicans advocating for reduced government spending.
This trend towards decreased government spending as a share of GDP continued into the early 2000s, though it was somewhat interrupted by the events of September 11th, 2001 and subsequent wars in Afghanistan and Iraq. Nonetheless, overall government spending as a share of GDP remained lower in the 2000s than it had been in previous decades.
It is important to note, however, that government spending is a complex issue and there are many factors that can influence it. While the trend during the 1990s was towards decreased government spending, this does not mean that government spending will always decrease or that it is impossible for it to increase in the future.
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52. With respect to the bank reconciliation which is correct?
A. Subtract outstanding checks from the company's balance.
B. Add deposits in-transit to the company's balance.
C. Add service charge to the company's balance.
D. Subtract NSF checks from the company's balance.
E. Subtract interest earned from the bank's balance.
When doing a bank reconciliation, the correct procedure is to D. Subtract NSF checks from the company's balance.
What is an NSF check?They stand for Not Sufficient Balance.They mean that the person who deposited the check did not have enough money in their account to honor the check.As a result, the company would not get that money so this amount needs to be subtracted from the company account to show that the company never received this money.
In conclusion, option D is correct.
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Linda’s cross is the sole shareholder of cross ltd., a Canadian controlled private corporation (CCPC) incorporated in Alberta in 2010. The company taxation year end is December 31. The company business is conducted in Edmonton, Alberta, where Linda resides.
All of the income earned by cross Ltd. Is from an active business and is eligible for the small business deduction. The taxable Income of the company has never exceeded its annual small business Limit of $500,000 and this trend will continue into 2020. In 2020 the company will be subject to a provincial tax rate on income eligible for the small business deduction of 2.0percent, which when combined with Federal rate on that same income of 9.0percent will equal 11.0 Percent.
The Income of cross LTD began to stabilize at the end of 2017 due to solid customer base, and as result Linda purchased a new home and re-evaluated her future cash needs. Working with her accountant, she decided that an annual salary of $158,000 would provide her sufficient after-tax cash to meet all of her personal needs. The company began to pay her an annual salary of $158,000 in 2018 with no plan to make any changes to that amount in 2020.
In the spring of 2020 Linda decided that ii was time to put in Pool since the summers seemed to becoming warmer each year. She obtained a number of Quotes and has decided on an in-ground pool that will cost her $25,000. She spoke to her accountant about the additional cash she would need and the best way to draw the funds from the company as either additional salary dividends.
Additional Information:
I. Assume that Linda’s salary is her only income and that it also equals her taxable income.
II. Cross Ltd.’s GRIP account at the beginning of 2020 is nil and no amount will be added to it in 2020.
III. The Alberta personal income tax rate in 2020 is 13.0 percent for taxable income between $157,464 and $209,952 and 14.0 Percent for taxable income between $209,953 and $314,928. IV. The federal personal income tax rate in 2020 is 29.0 Percent for taxable income between $150,473 and $214,368 and 33.0 Percent for taxable income in excess of $214,368.
V. In 2020 Alberta Provide a dividend tax credit on non-eligible dividends of 16.7 percent and 36.3 Percent on eligible dividends.
Required: As the Linda’s accountant, determine the additional amount that would be required if Linda were to receive sufficient salary or dividends to leave her with the $25,000 cash, she needs to put in the an in-ground pool. Provide all supporting calculations and determine which of the two alternatives is most cost effective considering the income tax consequences to both Linda and Cross Ltd.
The most cost-effective way to withdraw the additional $25,000 from Cross Ltd. is to take it as a salary, as the net cash received is higher (-$34,079.60 for salary versus -$35,066.81 for dividend).
To determine the most cost-effective way to withdraw the additional $25,000 from Cross Ltd., we need to compare the after-tax cost of taking the money as salary versus dividends.
If Linda takes the money as additional salary, Cross Ltd. will need to pay additional corporate income tax on the salary amount, but Linda will receive the full $25,000 in cash. If Linda takes the money as a dividend, Cross Ltd. will pay less corporate income tax, but Linda will receive less cash due to personal income taxes on the dividend income.
Here are the calculations:
Option 1: Additional Salary
Additional salary required to obtain $25,000 after-tax:
$25,000 ÷ (1 - (11.0% + 13.0%)) = $31,073.83
Cross Ltd. will pay additional corporate income tax on the additional salary:
$31,073.83 × 11.0% = $3,418.12
Linda will receive $25,000 in cash, and her personal income tax on the salary will be:
$158,000 + $31,073.83 = $189,073.83
Federal tax: $47,630.50 + 29.0% × ($189,073.83 - $150,473) = $51,959.54
Provincial tax: $2,224.45 + 13.0% × ($189,073.83 - $157,464) = $7,120.06
Total personal income tax: $59,079.60
Net cash received: $25,000 - $59,079.60 = -$34,079.60
Option 2: Dividend
Dividend required to obtain $25,000 after-tax:
$25,000 ÷ (1 - (11.0% + 16.7%)) = $31,326.81
Cross Ltd. will pay less corporate income tax on the dividend:
$31,326.81 × 11.0% = $3,445.95
Linda will receive the after-tax dividend amount, which is:
$31,326.81 × (1 - 36.3%) = $19,960.04
Therefore, the most cost-effective way to withdraw the additional $25,000 from Cross Ltd. is to take it as a salary, as the net cash received is higher (-$34,079.60 for salary versus -$35,066.81 for dividend). However, it is important to note that both options result in a negative net cash flow, so it may be worth considering alternative financing options for the pool installation.
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Which type of insurance can help provide financial support to beneficiaries when someone dies?
Collision
Health
Life
Property
The type of insurance that can help provide financial support to beneficiaries when someone dies is Life Insurance.
This is because Life insurance is a type of insurance in which the surviving dependents of the person whose life is insured get financial supports following the death of an insured policyholder.
In a Life Insurance deal, the surviving dependents usually get a certain amount of money, often termed a death benefit.
The surviving dependents must, however, be named the life insurance policy before he or they can reap the benefits.
Hence, in this case, it is concluded that the correct answer is Life Insurance.
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go grub’s customer complaints have increased because its drivers often get lost when attempting deliveries, which means that the deliveries arrived late. the drivers have resisted using gps systems, claiming they know their territories, but managers are now encouraging them to look for the best solution to the increased level of customer complaints. go grub is in the ________ stage of lewin’s change model.
The stage of lewin’s change model that the manager of go rub is considering when their customers were complaining about late delivery from the driver is unfreezing stage.
Kurt Lewin change model can be regarded as a model that contains a three steps which are,;
unfreezing
changing
refreezing.
This model stressed that to move toward the new, desired level of behavior, there there should be a perception that change is required.Therefore, in case of go grubs, they are in freezing stage .
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A company had the following cash flows for the year: (a) Purchased land, $60,000 (b) Borrowed from a local bank, $100,000 (c) Paid employee salaries, $50,000 (d) Issued common stock, $75,000 (e) Paid dividends, $20,000 (f) Sold equipment, $130,000 (g) Sold services to customers, $120,000 What amount would be reported for net investing cash flows in the statement of cash flows
Answer:
$70,000
Explanation:
Calculation to determine What amount would be reported for net investing cash flows in the statement of cash flows
Using this formula
Net investing cash flows=(f) Equipment sold- (a) Purchased land
Let plug in the formula
Net investing cash flows=$130,000-$60,000
Net investing cash flows=$70,000
Therefore The amount thatwould be reported for net investing cash flows in the statement of cash flows is $70,000
Key accounts get more attention from salespeople because they exemplify the 80/20 Rule, which states that:
Question 55 options:
A. 80% of a company's profits come from 20% of its customers
B. 80% of the market is dominated by 20% of the vendors in the industry
C. 80% of customers pay their bills on time, while 20% will delay paying
D. 80% of a company's salespeople service 20% of its customers
E. 80% of the customers are serviced by 20% of the salespeople
Salespeople pay more attention to key accounts because they embody the 80/20 Rule, which indicates that 80% of a company's revenue comes from 20% of its clients. Pareto established the 80/20 rule, also widely recognized as the Pareto principle.
which implies that 80% of an income statement is produced by 20% of its clients. As a result, option a seems to be the correct answer.
That whenever a sales representative makes false or misleading statements to clients about just a competing product, its products, or even its sales staff, this is known as company defamation.
As a change agent, the salesperson seeks change including both companies with the goal of developing a collaborating relationship.
The change rate describes how rapidly a modification is put in place.
the extent of the change: the extent whereby the change has an impact on the organization
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Which employee had the highest earned commission? What specifically was their commission amount?
Commission simply means a form of variable-pay remuneration for services that are rendered or products sold.
What is commission?Your information is incomplete. Therefore, an overview will be given. A commission is a payment that an employee makes based on a sale.
For example, when an employee sells a product for $500 and they get a 10% commission on all sales, then the employee will earn $50 on that sale.
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Work you do for pay is called a _____. Please help ASAP!!!!!!
1.service industry
2.diverse workforce
3. job
4.volunteer job
Answer:
Job.
Explanation:
The other 3 are specific types of jobs, but work you do for pay is just called a job.
Check all of the following that are correct that can have a single owner ? MARK YOU THE BRAINLIEST!
The establishment/items that can ave a single owner includes:
Sole proprietorshipPrivate corporationNon-profit corporationWhat is a single owner?This refers to any form of establishment that can be owned and operated by a natural person.
Therefore, in the list, the Sole proprietorship, Private corporation and Non-profit corporation are establishment that can have a single owner.
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A study showed that 47 percent of entrepreneurs were under age 35 when they started their businesses. The same study showed 16 percent were
under the age of 25. If there were 1,855 total entrepreneurs, how many were under the age of 35 when they started their businesses?
Answer:
872 entrepreneurs
Explanation:
Total number of entrepreneurs was 1855. 47 % were under 35 years. 25% were under 25. the age bracket of under 35 includes people under 25 years.
Entrepreneurs under the age of 35 were 47 percent of 1855
=47/100 x 1855
=0.47 x 1855
=871.85
=872 entrepreneurs
chegg an individual who has a steady source of income and a reasonable chance to repay debts would choose chapter 13 rather than chapter 7 of the u.s. bankruptcy code. question 5 options: true false
True, An individual has the chance to submit a plan of reorganisation under Chapter 13 of the United States Bankruptcy Code and not under chapter 7.
In order to offer a chapter 13 plan that addresses all of their different classes of creditors, a person must have a regular source of income. As long as a chapter 13 plan satisfies the necessary standards under chapter 13, the bankruptcy court has the authority to accept it without the consent of creditors.
People who file for Chapter 13 bankruptcy—also referred to as a "wage earner's plan"—pay an assigned, unbiased trustee a predetermined monthly sum.
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Complete Question: (True/False) Individual who has a steady source of income and a reasonable chance to repay debts would choose Chapter 13 rather than Chapter 7 of the U.S. Bankruptcy Code.
1. to what extent did europeans transform earlier patterns of commerce, and in what ways did they assimilate into those older patterns?
The Europeans transformed the earlier patterns of commerce to a great extent and also assimilated into the older patterns in different ways.
During the colonial era, European countries established trade networks that connected them to both the American colonies and Asia. These trade routes had a significant impact on the world, causing goods and people to move across vast distances. However, the trade networks that the Europeans established were not entirely new.
The fur trade in North America, for example, had been around for centuries before the arrival of Europeans. The European demand for beaver pelts and other furs fueled a boom in the trade, but it was the Native American tribes who had long-standing relationships with the animals and the environment.
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csi inc uses accrual basis accounting. during april, the company recorded sales revenue 50,000 from sales of goods to customers who promised to pay in may. during may, the company received payments from these
Accounting on an accrual basis is used by Case Ink. The business generated sales revenue of $50,000 in April from the sale of goods to clients who agreed to pay in May.
Briefing:-These payments were made to the business during the month of May. The amount of money owed will be $5,000 at the conclusion of the following month.
When is a company's revenue recorded while using accrual basis accounting?When a business generates income and related expenses, rather than when money exchanges hands, it is recorded using the accrual basis of accounting. The implication of this is that businesses report revenue when it is earned rather than when it is received.
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