Suppose that entry into the industry changes this firm's demand schedule from columns (1) and (3) shown above to columns (2) and (3). Economic profit will:
A) fall to $6.
B) decline to zero.
C) increase by $10.
D) fall by $10.
Answers
The economic profit of the firm will fall by $10 when entering into the industry changes the demand schedule from columns (1) and (3) to columns (2) and (3).
Economic profit is the difference between the total revenue (TR) of a company and the total opportunity cost of the company.
Economic profit = TR - Total opportunity cost
When the company has its original demand schedule, the economic profit is calculated as follows:
Total Revenue (TR) = (8x10) + (7x20) + (6x30) = 80 + 140 + 180 = $400
Total cost (TC) = $300
Therefore, Economic profit = TR - TC = $400 - $300 = $100
When the company has a new demand schedule, the economic profit is calculated as follows:
Total Revenue (TR) = (6x10) + (5x20) + (4x30) = 60 + 100 + 120 = $280
Total cost (TC) = $300
Therefore, Economic profit = TR - TC = $280 - $300 = -$20
As a result, economic profit will decrease by $10.
The answer is, "D) fall by $10."
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Related Questions
What impact on Jamie Lee's income would the gift of $1500 from her great aunt have on her adjusted gross income?
Answers
The gift of $1500 from Jamie Lee's great-aunt will not impact her adjusted gross income.
Taxable income is the portion of an individual's income that is subject to taxation according to federal and state laws. Adjusted gross income (AGI) is an individual's total gross income minus specific deductions, such as student loan interest and contributions to retirement accounts.
In the case of Jamie Lee receiving a $1500 gift from her great aunt, this amount would not have any impact on her adjusted gross income. Gifts are not considered taxable income, and therefore, they do not affect an individual's AGI. However, it's important to note that the gift giver, in this case, Jamie Lee's great aunt, may be subject to gift tax if the gift exceeds the annual exclusion limit set by the IRS.
So, the $1500 gift from Jamie Lee's great aunt will not impact her adjusted gross income or her taxable income, and she does not need to declare this amount as income.
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Are any of y'all furries just wondering?
comment below :)
Answers
Answer:
Lol yep I’m a furry
Explanation:
Answer:
no
Explanation:
but there's no reason to be rude to them for just doing what they find fun :))
An S corporation does not recognize a loss when distributing assets that are worth less than their basis. a) True b) False.
Answers
b) False. An S corporation does recognize a loss when distributing assets that are worth less than their basis.
When an S corporation distributes assets with a fair market value lower than their adjusted basis, it results in a loss for the corporation. This loss can be recognized and used to offset other income or gains of the S corporation, reducing its taxable income. It is important to note that shareholders of the S corporation may have limitations on deducting the loss on their personal tax returns. Loss refers to a financial outcome where the expenses or costs incurred by an individual, business, or entity exceed the revenue or income generated. It represents a negative result in terms of financial performance. Losses can occur in various contexts, such as in business operations, investments, or personal finances. In business, losses can result from factors such as low sales, high expenses, inefficient operations, or unfavorable market conditions. They can impact profitability and financial stability, and businesses often aim to minimize or mitigate losses through strategic planning, cost control, and risk management.
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Which type of document typically includes contract contingencies?
Purchase and sale agreement.
O Assignment of contract.
Appraisal.
O Option contract.
Answers
Answer:
A.
Explanation:
how is raytheon pursuing greater revenues and profits?
Answers
Raytheon is pursuing greater revenues and profits because Raytheon is expanding into new markets in the United Arab Emirates and Saudi Arabia.
It should be noted that the main aim of an organization is to maximize profit and revenue. These are vital for the growth and development of the organization.
From the complete information, Raytheon is pursuing greater revenues and profits as the company is expanding into new markets in the United Arab Emirates and Saudi Arabia. Raytheon has set up companies in both countries that will help in addressing the defense requirements and building capacity.
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Easy!! 30 points!!
Two countries produce coal and iron. Country A can produce a maximum of
500 tons of coal per day or 250 tons of iron. Country B can produce a
maximum of 900 tons of coal per day or 300 tons of iron. Which statement
best describes this situation?
A. Country A has an absolute advantage producing coal.
B. Country B has a comparative advantage producing iron.
C. Country A has an absolute advantage producing iron.
D. Country B has a comparative advantage producing coal.
Answers
Answer:
Country B has a comparative advantage producing coal.
Explanation:
I believe this is correct, if not let me know and I will fix it. I'm sorry in advance if it is incorrect.
In the situation as given above, the country B has an added comparative advantage of producing coal.
What is a comparative advantage?An advantage that an individual or a group has over the other in terms of its capacities and capabilities, generally measured in quantitative terms, is known as a comparative advantage.
Here, Country B produces 300 tons of coal as against 250 tons of coal produced by Country A, and thus it holds a comparative advantage over the Country A.
Hence, option D holds true regarding the comparative advantage of country B over country A.
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The role of information systems and technology in supply chain management no doubt plays a role in driving firms more toward a ________ approach and has made those supply chains that are dispersed all over the globe much easier to manage and control.
Answers
The role of information systems and technology in supply chain management is critical to the success of any organization. Information systems facilitate the exchange of data and communication between various stakeholders within the supply chain, enabling better coordination and control.
Technology, on the other hand, has revolutionized the way businesses operate, making it possible to automate many supply chain processes and make them more efficient. By leveraging technology, firms can track inventory levels, monitor delivery times, and optimize their logistics networks, all of which can lead to cost savings and improved customer service.
The use of information systems and technology in supply chain management has undoubtedly driven firms towards a more strategic approach, enabling them to manage complex global supply chains with greater ease and efficiency.
The role of information systems and technology in supply chain management no doubt plays a significant role in driving firms more towards a "centralized" approach. Information systems, such as Enterprise Resource Planning (ERP) and Warehouse Management Systems (WMS), help companies to effectively plan, manage, and control various supply chain activities. Technology, including data analytics, IoT, and automation, streamlines operations, improves visibility, and enhances communication. These innovations have made it possible for businesses to manage and control globally dispersed supply chains with greater efficiency and accuracy, ultimately leading to a more centralized and integrated approach.
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jeff bezos has stated that the best customer support is none meaning
Answers
Jeff Bezos has famously stated that the best customer support is none. This statement suggests that providing a seamless and efficient customer experience, where customers' needs are met effortlessly, is the ideal approach. By offering self-service options and anticipating customer needs, businesses can create a frictionless experience that minimizes the need for traditional customer support.
Jeff Bezos' statement reflects the idea that businesses should strive to eliminate customer support issues by focusing on creating a seamless customer experience. This approach involves leveraging technology and product design to anticipate and address customer needs proactively. By investing in user-friendly interfaces, intuitive self-service options, and efficient order fulfillment processes, companies can minimize customer inquiries and issues.
The underlying philosophy behind this perspective is to prioritize prevention over reaction. By investing in delivering exceptional products and services that meet customer expectations, businesses can reduce the need for traditional customer support and create a positive customer experience. However, it's important to note that while the goal may be to minimize the need for customer support, it doesn't mean completely neglecting customer interactions. There will always be situations where customers require assistance or have unique circumstances that require personal support. In such cases, it is essential to have efficient and effective customer support channels in place to address their concerns promptly.
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For each of the following statements, decide if the statement is true or false and explain why:
A) If Jane buys a brand new 2016 car in 2017, 2017 GDP does not change.
B) The CPI is a better indicator of the price level than the GDP deflator
C) If workers at a customer service call center in Durham, NC get laid-off because their company has moved the call center to India; this is an example of cyclical unemployment.
D) "Full employment" occurs when every working aged individual in the economy is employed.
Answers
Statement A is false. As an investment in a brand-new good for the economy in 2017, the purchase of a brand-new 2016 car in 2017 would be included in the calculation of the 2017 Gross Domestic Product.
Statement B is also false. Both the Consumer Price Index and the Gross Domestic Product deflator have benefits and drawbacks when it comes to estimating the level of prices. The Gross Domestic Product deflator reflects changes in the prices of all goods and services generated in the economy, whereas the Consumer Price Index reflects fluctuations in the cost of a fixed basket of goods and services commonly consumed by households. As a result, the Gross Domestic Product deflator is more suited to gauging changes in the economy's overall price level, whereas the Consumer Price Index is better suited to measuring fluctuations in the cost of living for households.
Statement C is also false. This situation is an illustration of structural unemployment, which happens when workers lose their jobs as a result of changes in the economic structure (such as outsourcing, technical advancements, or changes in consumer demand) that make their abilities outdated or no longer in demand. On the other hand, cyclical unemployment happens whenever there is a general business cycle downturn, which lowers the demand for labor in a variety of economic sectors.
Statement D is also false. When the economy is operating at full employment, all of its resources are being used to generate goods and services to the greatest extent possible given the technology and resources available. This does not necessarily imply that every person in the workforce is employed, as some people may opt out of the labor force or may not be able to find employment for other reasons, such as disability or retirement. While people may be between jobs or looking for better chances, some level of unemployment is also accepted as typical in a dynamic and evolving economy.
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3. Not all the busines contracts
are legal. Justify.
Answers
Answer:
They could be scams wanting money out of you. It is simple as that they can act as a business but they aren't. To be honest with you you are your own business because whatever you do is good or well so you don't need approval on others so my answer is scammers cause other businesses are working hard to make money and respect their customers!
what multiplication do you do to convert currency
Answers
Hope it helpss:))
Explanation:
you multiply by the exchange rate.
The following information relating to property plant and equipment was extracted from the accounting records of Fred’s Transport for year ended 28 February 2022;
1. Balances at 28 February 2021:
- Equipment at cost R 56 000
- Accumulated depreciation: equipment R 10 860
- Vehicles at cost R560 000
- Accumulated depreciation: vehicles R285 360
2. The following transactions in respect of property, plant and equipment took place during the current financial year:
2.1 An old vehicle was sold on 31 August 2021 for R144 000 cash. The cost price of the vehicle sold was R240 000, and its accumulated depreciation amounted to R120 100 on 1 March 2021. The proceeds from the sale of the vehicle was used to partially finance the purchase of another vehicle for R440 000 bought on 1 September 2021.
2.2 On 28 February 2022 sold used equipment for R14 400 cash. The accumulated depreciation on this equipment was R3 280 at 1 March 2021. The cost price of the equipment was R18 000.
3. Depreciation must still be provided for as follows: • Equipment at 10% per year on the diminishing balance method, and • Vehicles at 20% per year on the straight line method.
4. The financial year ends on the last day of February.
Required: Prepare the property, plant and equipment note to be attached to the financial statements for Fred’s Transport for the year ended 28 February 2022. Show the cost, accumulated depreciation and the carrying amount of the disposed assets in the property, plant and equipment note. You may omit the total column. Show all workings. Round off all calculations to the nearest whole number
Answers
The Property, Plant, and Equipment (PPE) note for Fred's Transport as of February 28, 2022, shows the cost, accumulated depreciation, and carrying amount of equipment and vehicles. It also includes information on additions, disposals, and depreciation for the year. The total carrying amount of PPE is 769,530 R.
Property, Plant and Equipment note for Fred’s Transport as at 28 February 2022:Cost Accumulated depreciation Carrying amount Equipment Vehicles Equipment Vehicles Equipment Vehicles R R R R R R Balances at 28 February 2021 56 000 560 000 10 860 285 360 45 140 274 640 Additions 440 000 – – – 440 000 – Disposals – (240 000) (120 100) – (119 900) 240 000 – (18 000) (3 280) (14 400) – (4 820) (14 400) Depreciation for the year (5 600) (112 000) 5 110 21 200 (60 350) (325 160) Balances at 28 February 2022 472 400 318 760 15 070 306 560 457 330 12 200 Total carrying amount of property, plant and equipment 769 530 Note:1. Old vehicle sold on 31 August 2021:Cost of vehicle sold R240 000 Less: Accumulated depreciation (R120 100) Book value of vehicle sold R119 900 Proceeds from the sale of vehicle sold R144 000 Gain on sale of vehicle sold R24 100Journal entry on 31 August 2021: Cash 144 000 Accumulated depreciation - Vehicle 120 100 Motor vehicles 240 000 Gain on sale of vehicle 24 1002. Used equipment sold on 28 February 2022:Cost of equipment sold R18 000 Less: Accumulated depreciation (R3 280) Book value of equipment sold R14 720 Proceeds from the sale of equipment sold R14 400 Loss on sale of equipment sold R320Journal entry on 28 February 2022: Bank 14 400 Accumulated depreciation - Equipment 3 280 Loss on sale of equipment 320 Equipment 18 000
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You like my koala his name is Fred
Answers
Answer:
i do like your koala
Explanation:
Draw a correctly labeled graph of a housing market in equilibrium. On your graph, illustrate an effective legal limit (ceiling) on rent. Identify the quantity of housing demanded, the quantity of housing supplied, and the size of the resulting surplus or shortage.
Answers
Answer:
In the first picture I uploaded, I show the housing market equilibrium without any effective legal ceilings on rent. In this equilibrium, the quantity demanded and the quantity supply reach an equilibrum of 70, at a price of $1,100 per rent.
In the second picture I uploaded, we can see the price ceiling in red. The price ceiling does not allow the rent to reach equilibrium, which causes a demand of eighty houses, but a supply of sixty houses, leading to a housing shortage of 20 houses.
Luis repairs air conditioners. He earned a certificate in 6 months and paid for it with one loan. He earns a good salary now and will pay off his loan in two years. What kind of return on investment (ROI) does Luis demonstrate? Negative ROI Positive ROI Neutral ROI Can't Determine
Answers
Answer:
Positive ROI
Explanation:
Education is probably the best investment that someone can make. It is not easy and it is not nice, but it can help you have a better life and better future.
In this case, Luis spent money in order to get his certificate in repairing air conditioners. He studied 6 months and probably took a test to pass it. After passing it, he owes money which is not good. But the great part is that Luis is now earning much more money than before. His better salary will allow him to pay his loan in 2 years, which is a a short time. Imagine if you could pay your college loans in just 2 years (the average time is 20 years).
The kind of return on investment that Luis who repairs air conditioners demonstrates is Positive ROI.
Positive ROI applies when the net gain of taking a certain financial decision is greater than any costs that might have been encountered.
In Luis's case, we find that the benefits he enjoys as a result of taking the loan are greater than any cost he might have encountered. Now, he earns a good salary and he will definitely repay his loan.Therefore, the move demonstrates a Positive ROI.
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Should citizens participating in
criminal trials should have some requirements such as someone who
has a degree? Or someone who makes at least $20,000 per year? Why
or why not?
Answers
Citizens participating in criminal trials should not be required to have a degree or make a certain amount of money per year. This is because such requirements would create inequalities in the justice system and violate the principle of equal protection under the law that is enshrined in the US Constitution.
First, requiring citizens to have a degree in order to participate in criminal trials would discriminate against those who cannot afford higher education. This would create an unfair advantage for those who are more affluent and better-educated, and it would prevent many people from serving on juries or as witnesses.
Secondly, requiring citizens to make a certain amount of money per year would also create inequalities. Poorer citizens would be excluded from participating in criminal trials, which would violate their rights to equal protection under the law. Moreover, wealth is not necessarily a measure of a person's ability to serve as a juror or a witness. A person's income level does not necessarily correlate with their intelligence, education, or integrity
.In conclusion,citizens should not be required to have a degree or make a certain amount of money per year in order to participate in criminal trials. Doing so would violate the principle of equal protection under the law, create inequalities, and prevent many people from participating in the justice system.
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Which industries employ the largest number of people in the United States?
Answers
The education and health services industry employed the largest number of people in the United States.
The education and health sectors are important pillars of the US economy. The health sector was instrumental in the post-2008 economic recovery. Employment growth here is about seven times that of the overall economy.The growth is driven by an aging population and increase in lifestyle diseases.
The emergence of online education has also added significantly to the growth in jobs in the education industry. In 2021, these industries employed about 35 million people. These sectors also receive the highest public investment. But there are significant problems here. This includes the continuing gender pay gap.
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Which of the following describes interest compound on the principle, excluding previously earned interest?
a- future value
b- present value
c- simple interest
d- compunding
Answers
Answer:
c- simple interest
Explanation:
Simple interest is the interest attained on the principal amount only. It is expressed as a percentage of the principal amount. Because the principal amount does not change, and the interest rate remains constant, the simple interest amount is a constant figure throughout the investment life.
Simple interest contrast compound interest that earns interest on previously earned interest.
What does the business cycle shown on this graph suggest about the condition of the economy at point A?
A. the economy is getting worse and will continue to climb in for another quarter
B. the economy has struggled for some time but is preparing to recover
C. the economy has been well for a while and is at its highest point of the cycle
D. The economy is in a period of growth that will continue for some time
Answers
Answer:
C the Ecenomy has been well for while and is
at its highest piont of the cycle
Explanation:
hope it helps
Answer:
The economy is in a period of growth that will continue for some time
Explanation:
A decrease in price along the elastic segment of a demand curve will:
a) increase total utility, marginal utility, consumer surplus, and consumer expenditure
b) increase consumer surplus through a decrease in consumer expenditure
c) decrease total utility, consumer surplus, and consumer expenditure and increase marginal utility
d) decrease total utility and consumer surplus and increase consumer expenditure and marginal utility
Answers
A decrease in price along the elastic segment of a demand curve will increase total utility, consumer surplus, and consumer expenditure, while also increasing marginal utility.
When a price decrease occurs along the elastic segment of a demand curve, it means that the price elasticity of demand is greater than one, indicating a relatively responsive change in quantity demanded. As a result, consumers will experience an increase in total utility, as they can purchase more of the product for the same budget. The decrease in price also leads to an increase in consumer surplus, as consumers are paying less than they are willing to pay for the product. Additionally, consumer expenditure will increase since consumers are now able to purchase more units of the product at the lower price. Lastly, the marginal utility of each additional unit consumed will increase, as consumers are obtaining more satisfaction from the additional units they can now afford.
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Which of the following is NOT a useful strategy when making an informed purchase?
1.Compare your option to similar products.
2.Calculate the unit price of the product.
3.Read the online reviews of the product and ask trusted friends who use it.
4.Purchase a product based on a social media influencer.
Answers
this would not be an informed purchase
!-I NEED HELP ASAP PLEASE-!/I SWEAR I WILL MARK YOU AS BRAINLIEST
Unit Activity
Unit: Sales and Marketing
This activity will help you meet these educational goals:
• Content Knowledge—You will prepare a résumé and a cover letter.
• Inquiry—You will conduct online research in which you will collect information and communicate your results in written form.
• 21st Century Skills—You will employ online tools for research, use critical thinking, and communicate effectively.
Introduction
Apart from having the necessary skills and qualities, you must also have the knowledge about the right process to follow in order to secure a job. In this activity, you will write a résumé and a cover letter, and describe personal traits that could help you succeed in a given job role. __________________________________________________________________________
Directions and Analysis
Task: Becoming Job Ready
Based on the career goal you chose in Unit Activity 1, research a few job opportunities on job sites and shortlist a few job openings of your choice. As the next step, apply for one of these positions in appropriate organizations.
a. Create a résumé highlighting your key accomplishments and your aspirations.
b. Write a cover letter to a prospective company. Your letter should explain why you are suitable for a role and how you will contribute to the company.
c. List the personal traits that you think will help you stand in good stead in the interview for the position above.
Type your response here:
__________________________________________________________________________
Evaluation
Your teacher will use this rubric to evaluate the completeness of your work as well as the clarity of thinking you exhibit.
YOU HAVE TO INCLUED THESE TOO
Task: Becoming Job Ready Task points: [100]
a. Conducting online research about job opportunities, and preparing a résumé
b. Preparing a cover letter
c. Listing and describing traits that would help you in the interview as well as the job
[40]
[30]
[30]
Answers
the answer is in the word doc
Answer:
A.
Explanation:
Your answer is A. because all the other ones don’t make sense as A. Is the only one that is true.
I hope it helps!
Muffin<3
Please help in this question asap
Answers
Answer:
All of these
Explanation:
do I need to explain lol?? :]
"The country of bienmundo does not trade with any other country. its gdp is $30 billion. its government purchases $5 billion worth of goods and services each year and collects $6 billion in taxes. private saving in bienmundo amounts to $5 billion. what are consumption and investment in bienmundo?"
Answers
Answer:
Consumption in Bienmundo =$19bn
Investment in Bienmundo =$6bn
Explanation:
Formula for calculating private savings is ;
1. Private savings = GDP - Tax - Consumption
$5bn = $30bn - $6bn - Consumption
Consumption = $30bn - $6bn -$5bn
Consumption = $19bn
We will also use the formula for calculating GDP without export and import because Bienmundo does not trade with any other country
2. GDP = Consumption + Government expenditure + Investments
$30bn=$19bn + $5bn + Investment
Investments = $30bn -19bn - $5bn
Investments = $6bn
I WILL GIVE BRAINLIEST!!!
A wholesaler-especially one that promotes as well as physically distributes
products or that has an exclusive agreement is often called a
O A distributor
B. manufacturer's sales branch
O C. broker
D. drop shipper
Answers
Answer:
A . Distributor
Explanation:
I just had this question lol >.<
- mark me brainliest :0
A distributor acts as a link in the supply chain or distribution channel between a manufacturer, who produces a product, and an entity further down the line. The downstream company can either be a wholesaler or retailer, known as a value-added reseller (VAR).
Thus, option A is Correct.
What is the distributor's procedure?A distributor purchases products from a producer and sells them to customers, occasionally via stores in the distribution channel. Distributors can sell goods directly to consumers or to other firms, depending on the good or service.
A distributor is a company that buys non-competing products or product lines and resells them to customers directly. The majority of distributors also provide a range of services, including service, technical support, and warranty protection. Distributors are essential in assisting manufacturers in reaching markets that they would not otherwise be able to approach.
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Over the past century, the growth rate of real gdp in the united states has averaged approximately.
Answers
The United States' real GDP has grown at an average annual pace of about 1% over the past century.
What was the real GDP growth rate in 1930?-8.62%. Real GDP is a more accurate indicator of economic health than nominal GDP.
stimulate the US economy's total demand. Between 1929 and 2009, the U.S. economy expanded at an average yearly pace of 3.3%.
How much did the American economy expand between 1920 and 1929?The most popular estimates place the real GNP growth throughout the 1920s at 4.2 percent per year from 1920 to 1929. (HSUS, 1976; Historical Statistics of the United States) Between 1920 and 1929, the real GNP per capita increased by 2.7 percent annually.
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Which of the following projects is most likely be used in STEM education to learn technology concepts?
test different sandbag materials that can help prevent flooding
investigate search engine criteria to improve search results
O analyze cleaning products to determine which ones are eco-friendly
conduct a scavenger hunt to see who can find the most geometric shapes
Answers
Answer:
investigate search engine criteria to improve search resultsExplanation:
Remember, the application of STEM implies using the knowledge found in the field of science, technology, engineering, and mathematics to carry out projects.
Since the focus is on learning technology concepts, the most likely, that is, the project that is closest to technology is investigating search engine criteria to improve search results.
The answer is:
A) investigate search engine criteria to improve search resultsWhich are affected by the factors of production? Check all that apply.
A.) the demand of the item
B.) the availability of the item
C.) the cost of the item
D,) the quality of the item
E.) the popularity of the item
Answers
Answer:
A
C
D
Explanation:
without demand no reason to product it
The cost of a item also greatly affects it
and how well they can make it without being too expensive
1. I started this business after dropping out of college and my buddy and I wanted to start this company. We had very little money or business knowledge but lots of drive. We now have the largest company in the world. Who am I?
Answers
The correct answer to this open question the following.
Although these situations could be related to some "tech" geniuses, we can say that we are talking about Steve Jobs.
It is true that Steve Jobs started his business after dropping out of college, and his buddy and Jobs wanted to start this company. They had very little money or business knowledge but lots of drive.
And Steve Jobs created the world empire called Apple. Indeed, he revolutionized the world of communications with his creations.
Steve Jobs dropped out of Reed College.
Another famous and billionaire in the tech industry that dropped college was Bill Gates, the founder of Microsoft. He left Harvard University in 1975 to form his own company.
A list of all account names used to record transactions of a company is referred to as a T-account
Answers
Answer:
chart of accounts. a list of all account names used to record transactions of a company.
external transactions. transactions the firm conducts with a separate economic entity.
general ledger. all accounts used to record the company's transactions.
journal
posting
T-account
trial balance
accounts