The surveys which are usually biased because those most likely to respond are those who have had especially positive or negative experiences with the product or brand are known as voluntary response surveys.
Voluntary response surveys are usually biased because the people who respond have an inherent interest in the topic being studied, which leads to self-selection. They usually hold strong feelings and beliefs on the topic being studied and have a desire to express their opinions.
This can lead to biased results because people with negative or positive experiences are more likely to participate in voluntary response surveys than those with neutral or moderate experiences.
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Tony, Juan, and Isabel live in a city where the combined state and local sales tax rate is 8%. They each purchased the same computer and paid $160 in sales tax. A 5-column table has 3 rows. The first column has entries Tony, Juan, Isabel. The second column is labeled Income with entries 10,000, 50,000, 75,000. The third column is labeled Cost of computer with entries 2,000, 2,000, 2,000. The fourth column is labeled Sales tax paid with entries 160, 160, 160. The fifth column is labeled tax rate with entries 1.6 percent, 0.32 percent, and 0.21 percent. This scenario describes a tax system. Isabel pays Tony and Juan on the computer. pays the highest tax rate on the computer. would be the most affected by an increase in the sales tax rate.
Answer:
Tony pays the highest tax rate on the computer, not based on the nominal sales tax rate, but on the percentage that the tax represents of his total income.
His income is $10,000, and he pays $160 in sales tax, for an effective rate of 1.6%.
The person who would be the most affected by an increase in the sales tax rate is again, Tony, simply because he has the lowest income. Juan and Isabel would also be affected by a sales tax increase, but on a much lower scale (because their incomes are also a lot larger).
a) The scenario described by the 5-column table with 3 rows showed that Tony paid the highest tax rate (effective) on the computer, based on his income level.
b) Tony would be the most affected by an increase in the sales tax rate because his effective tax rate would increase, causing him to suffer the most.
What is a sales tax?A sales tax is a proportional tax that charges the same percentage on the consumption of goods and services without considering a person's income level.
Data and Calculations:Tax Payer Income Cost of Computer Sales Tax Paid Tax Rate
Tony $10,000 $2,000 $160 1.6%
Juan 50,000 2,000 160 0.32%
Isabel 75,000 2,000 160 0.21% ($160/$75,000 x 100)
Thus, this scenario of a tax system illustrates that sales tax is not progressive, but it is proportional since it is based on consumption and not income level.
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Can you think of a bad decision from your own school or work experience, or from recent business or political news stories, that was made in an effort to correct or justify a past decision?
Answer:
Explanation:
Personal Experience:
One time I had to turn in an assignment for the company that I worked for which needed to be done and turned in by the end of the workday. I failed to do so due to family issues. This assignment was incredibly important and failure to turn it in would have cost the company a lot of money. So I stayed up all night and finished the assignment. I ended up breaking into the office in the middle of the night to turn it in before the boss found out. It was a bad decision since I could have gotten arrested or fired.
how many credits do you need to be a sophomore in college
Answer:Sophomores have at least 28 credit but less than 60
Explanation:
Answer: Sophomore status begins when 30 credits have been earned.
Explanation:
Why is it important for a human resource manager to carefully maintain
employee records?
Answer:
Certain records require employee privacy to be protected. Not maintaining and following best practices for employee record keeping leaves you vulnerable to defending yourself against lawsuits, labor investigations or audits.
Explanation:
What is the main distinguishing factor between accountants and bookkeepers?
The main distinguishing factor between accountants and bookkeepers is the level of education, training, and expertise they have in financial matters.
Bookkeepers are responsible for recording and maintaining the financial transactions of a business, such as recording transactions in a general ledger, reconciling bank accounts, and producing financial statements. They usually have some formal training or certification in bookkeeping, but typically do not hold a degree in accounting or finance. On the other hand, accountants are responsible for interpreting and analyzing financial information, preparing financial statements, providing tax advice, and advising businesses on financial strategy. They typically hold a bachelor's or master's degree in accounting or finance, and have completed additional education and training to become a Certified Public Accountant (CPA) or Chartered Accountant (CA) in some countries. In summary, while bookkeepers are primarily responsible for maintaining accurate financial records, accountants are responsible for analyzing and interpreting those records, providing financial advice, and helping businesses make strategic financial decisions.
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The main difference between accountants and bookkeepers is their level of education and the complexity of tasks they manage, with accountants dealing with more complex tasks and requiring a higher level of education.
Explanation:The main distinguishing factor between accountants and bookkeepers lies primarily in the complexity of tasks they manage and their level of education and qualification. Bookkeepers typically manage daily financial transactions, including income and expenses, and their role generally doesn't require specialized training or a degree. On the other hand, accountants often handle more complex tasks such as tax filings, financial analysis, and auditing, and require at least a bachelor's degree in accounting or a related field. Some accountants also hold advanced qualifications such as Certified Public Accountant (CPA).
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According to the OOH, what educational, training, certification, or licensing requirements do Physicians and Surgeons need? Check all that apply.
medical school
volunteer work
internship and residency program
a public-speaking certification
license
Answer:
There are actually 3 answers to this question.
A. medical work
C. internship and residency program
E. license
Hope this helps :)
Explanation:
The U.S. Bureau of Labor Statistics, the educational, training, certification, or licensing requirements for Physicians and Surgeons include:
Medical school:
Internship and residency program
License
The correct options are A, C, and E.
What is the difference between being a licensed and certified PA?Even while some jurisdictions define certification as having governmental authorization to perform a profession, the distinction between licensing and certification really only refers to the difference between governmental regulation and self-regulation of a field.
Physicians and Surgeons typically need a Doctor of Medicine (M.D.) or Doctor of Osteopathic Medicine (D.O.) degree from an accredited medical school. After completing medical school, physicians and surgeons typically complete an internship and residency program that lasts 3 to 7 years, depending on the specialty.
Physicians and Surgeons must be licensed in the state where they practice medicine. To obtain a license, they must pass a state-specific exam and meet other requirements, such as completing continuing education courses.
Thus, the ideal selections are options A, C, and E.
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Most loans are paid back in __________ installments. a. daily b. weekly c. monthly d. yearly.
Which component of a balance sheet includes a business’s debts, or the money that it owes to creditors for past transactions?
Answer:
liabilities.
Explanation:
A balance sheet is prepared based on the accounting equation of assets = capital + liabilities.
The liability section is where the debts of the business are recorded. Liabilities represent what the business owes to suppliers and other third parties. They are expressed in monetary value. Liabilities are further subdivided into current and long term liabilities.
How do I know when I need to start doing taxes?
Answer:
when you start working a regular job
Explanation:
Answer:
When you start working
Explanation:
At what annual interest rate, compounded annually, would $480 have to be invested for it to grow to $1,979.62 in 13 years? C The annual interest rate, compounded annually, at which $480 must be invested for it to grow to $1,979.62 in 13 years is %. (Round to two decimal places.)
The annual interest rate, compounded annually, at which $480 must be invested for it to grow to $1,979.62 in 13 years is 8.17%.
We can use the formula for compound interest to solve this problem:
A = P(1 + r)^t
where A is the final amount, P is the principal (initial investment), r is the annual interest rate (as a decimal), and t is the number of years.
In this case, we know that P = $480, A = $1,979.62, and t = 13. We want to solve for r:
$1,979.62 = $480(1 + r)^13
Dividing both sides by $480:
4.12337541667 = (1 + r)^13
Taking the 13th root of both sides:
1 + r = 1.08171876629
Subtracting 1 from both sides:
r = 0.08171876629
Multiplying by 100 to convert to a percentage and rounding to two decimal places, the answer is:
The annual interest rate, compounded annually, at which $480 must be invested for it to grow to $1,979.62 in 13 years is 8.17%.
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You have been hired as the new controller for the Radiance Company. Shortly after joining the company in 2024, you discover the following errors related to the 2022 and 2023 financial statements: a. Inventory at December 31,2022 , was understated by $6,000b. Inventory at December 31,2023 , was overstated by$9,000c. On December 31,2023 , inventory was purchased for $3,000. The company did not record the purchase until the inventory was paid for early in 2024. At that time, the purchase was recorded by a debit to purchases and a credit to cash.
These errors need to be corrected to ensure the accuracy of the financial statements. An adjustment of $6,000 needs to be made to increase the inventory balance at the end of 2022, an adjustment of $9,000 needs to be made to decrease the inventory balance at the end of 2023, and a journal entry needs to be made to record the inventory purchase of $3,000 in 2023.
Here's a step-by-step explanation to address the errors you've mentioned:
1. Inventory at December 31, 2022, was understated by $6,000:
To correct this error, you need to increase the inventory balance at December 31, 2022, by $6,000. This will also require an adjustment to the retained earnings balance for 2022.
2. Inventory at December 31, 2023, was overstated by $9,000:
To correct this error, you need to decrease the inventory balance at December 31, 2023, by $9,000. This will also require an adjustment to the retained earnings balance for 2023.
3. Inventory purchased for $3,000 on December 31, 2023, was not recorded until paid for in 2024:
To correct this error, you need to record the inventory purchase in the 2023 financial statements. You should debit inventory and credit accounts payable for $3,000 on December 31, 2023. Then, when the payment is made in 2024, you should debit accounts payable and credit cash for $3,000.
By following these steps, you can correct the errors related to the 2022 and 2023 financial statements for the Radiance Company.
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Performance Assessment Task
Jrotc
This performance assessment task gives you an opportunity to document your achievement of the lesson’s competency: Demonstrate proper etiquette in social settings For this performance assessment task, you will complete the Dining-Out scenario. For this assessment you will: Read the following scenario and individually complete the information below. Be prepared to share your answers in class. The same criteria in the scoring guide below can be used to evaluate your performance of proper etiquette and manners at the annual Cadet Ball. Scenario: The annual Dining-Out is in five months. You have been asked to be a member of the Dining-Out committee. The committee plans all aspects of the Dining-Out. Complete this assignment as if you are preparing for the meeting and event. The committee will discuss invitations, table settings, receiving line protocol (guest speaker and other dignitaries), proper dress, protocol for honoring the nation, and thank you notes. 1. Invitations: Create the text for the invitation. Include all pertinent information including dress code and RSVP: Table Setting: On the back of this page, draw a picture of the appropriate table setting for the following menu: Fresh Garden Salad with Dressing Dinner Roll Tomato Soup Beef Tenderloin or Grilled Salmon New York Style Cheesecake with strawberries Iced Tea and water 2. Receiving line and other protocol: a. Who belongs on the line? b. What order should the guests stand in? c. Address the appropriate protocol for honoring the nation. d. Describe how you will greet the guest of honor(s): e. What attire should you wear? 3. Thank you notes: Create a sample thank you note to send to the guest speaker: 4. Explain your role in the annual Cadet Ball as a Year 1 Cadet: 5. Use the attached scoring guide criteria for what you need to do to complete this task. 6. Submit your completed performance assessment task and scoring guide to your instructor for evaluation and a grade.
The invitation should include the date, time, location, the dress code, RSVP deadline, and any other important relevant information such as the theme of the event.
The invitation text will be like this: You are cordially invited to attend the Annual Dining-Out hosted by the JROTC program. The event will take place on [date] at [time] at [location]. Dress code for the evening is formal attire, which includes a dress uniform or civilian formal wear.
Please RSVP by [RSVP deadline] to [contact information]. We look forward to your presence at this event.
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ECONOMICS CHAPTER 2 SECTION 3
explain the relationship between the terms in each of these pairs
A. Private property rights and market
B. laissez-faire and capitalism
C. Specialization and profit
D. Factor market and product market
ECONOMICS CHAPTER 2 SECTION 3
Private property rights and market is in which people buy and sell resources or goods and services.
Private property rights are the rights of individuals and groups to own property and the market is any place or situation in which people buy and sell resources and goods and services.
Laissez-faire and capitalism-The relation-ship between laissez-faire and capitalism is laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention.
Specialization and profit- The relation-ship between specialization and profit is the companies specialize in making one product or one component of a product, if this product will make at large scale, companies reduces it's cost to earn profit.
Factor market and product market- The relation-ship between Factor market and product market is the factor market is running by the demand of product market. The product market is sold their goods and services with the demand of factor market to production these goods and services.
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List of the least five behaviors you feel would be behavior you feel would be considered irresponsible in the workplace. For each behavior listed, provide a detailed example/scenario to detail what makes the behavior either responsible or irresponsible.
Answer: See Explanation
Explanation:
Some of the behaviors that would be considered irresponsible in the workplace include:
1. Lateness: Every company has its working hours and it is required for the employees to adhere to the working hours and always get to work on time. Lateness is a bad habit in the workplace. For a company to achieve its goals, it's required for its workers to come to their workplace early and perform their duty well.
2. Cyberslackers: This occurs when the employees use the internet that is meant for work related activities to surf the net and browse sites that doesn't relate to their work. For example, a case whereby an employee is checking his or her social media at the workplace.
3. Lying to other employees: It is a bad behavior for an employee to lie or say something that's not true about a person in order to gain an advantage or for other person reasons Lying brings about lack of trust and disunity in the workplace.
4. Having a bad character: In an organization, it is vital for the employees to possess good characters such as being kind, caring, helpful etc. Possessing a bad character will have a negative effect on the company.
5. Theft: Employee theft is also an irresponsible behavior in the workplace. Stealing has a negative effect on the revenue of the company as it reduces the revenue such company makes. Employees should always make sure that they do not falsify information in order to gain a financial advantage or steal company's fund.
Under the LIFO retail method, we determine that:__________.
a) a new layer of inventory has been added during the period if the ending inventory at retail is greater than the beginning inventory at cost.
b) the ending inventory at retail is greater than the beginning inventory at retail.
c) the ending inventory at retail is less than the beginning inventory at retail.
Answer: the ending inventory at retail is greater than the beginning inventory at retail
Explanation:
In the Last-In-First-Out(LIFO) method, it is assumed that the units that are sold are the ones that were recently bought.
Under the LIFO retail method, to determine a new layer at retail, the beginning inventory at the retail will have to be deducted from the ending inventory at retail.
This means that a new layer of inventory will be added when the ending inventory at retail is greater than the beginning inventory at retail.
question number 1) when peter van stolk started selling his soda to young hip kids at skate shops and comic book stores, he was focusing his marketing efforts toward which of the following?
Peter Van Stolk's decision to focus his marketing efforts on a niche market was a smart move that helped to differentiate his product and establish a loyal following. So, option (a) is correct.
When Peter Van Stolk started selling his soda to young hip kids at skate shops and comic book stores, he was focusing his marketing efforts toward a niche market. A niche market is a specific group of individuals with unique preferences, needs, or interests.
In this case, the niche market was young people who identified with the skateboarding and comic book culture.
Van Stolk understood that these individuals were looking for unique products that spoke to their interests and lifestyle. By targeting this niche market, he was able to create a loyal following that appreciated his product and became brand advocates. This strategy allowed him to differentiate his product from other sodas on the market and build a strong brand identity.
Focusing on a niche market can be a highly effective marketing strategy for small businesses. It allows companies to establish a strong foothold in a specific market segment and gain a competitive advantage. Additionally, targeting a niche market can help companies to develop unique products and services that speak directly to the needs of their customers.
So, option (a) is correct.
The complete question is:
"When Peter van Stolk started selling his soda to young hip kids at skate shops and comic book stores, he was focusing his marketing efforts toward which of the following?
(a) niche market
(b) oligopoly
(c) monopoly
(d) all of the above"
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If automakers attempted to change the way justin feels about the price of hybrid vehicles in comparison to the other vehicles he is considering, this would be an example of.
The price of hybrid vehicles in comparison to the other vehicles would be an example of product repositioning.
What is product repositioning?Product repositioning is when a company changes their status in the marketplace. Repositioning happens to fulfill consumer wants and needs at a particular time.
Like changes to the marketing mix including product, price, location, and promotion, repositioning refers to changing the position of product in minds of target market.
Hence, the price of hybrid vehicles in comparison to the other vehicles would be an example of product repositioning.
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would anyone like to ............ watch anime
Answer:
aot
Explanation:
last episode soon
which of the following states has the greatest protection for freedom of the press based on the information on the map? responses new york (ny)
According to the map, New York (NY) has a shield law that always defends the sources of journalists.
What significance does the shield law have for journalistic freedom?The shield laws shield the reporter from having to identify the information's source. According to the map, New York (NY) has a shield law that always defends the sources of journalists.
What safeguards press freedom?The First Amendment prohibits Congress from enacting laws that would establish a specific religion or outlaw its practice, limit the freedom of the press or of expression, or limit the ability of the general public to peacefully assemble and petition the government for redress of grievances.
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1 Which one of the following is not Which one of the key roles / purposes of marketing within
business?
A To identify potential customer groups
B To inform customers about the business's product or service
C To prepare cash flow forecasts
D To understand customers and their needs
Your answer
i
What do you think the letters in SMART stand for?
Answer:
SMART
Explanation:
I hope this is what you you were looking for!
Have a good one!
What is a job that HR generalists do not do?
Administer compensation programs
Ensure compliance with federal and state regulations
Handle employee relations
Focus on one area of HR
A job that HR generalists do not do is to focus on one area of HR.
HR generalists administer compensation programs, ensure compliance with federal and state regulations, and handle employee relations, but they do not specialize in a single HR area.
As HR generalists, they have a broad range of responsibilities covering multiple aspects of human resources. Their duties include administering compensation and benefits programs, ensuring compliance with federal laws, managing employee relations, and assisting in talent acquisition and development.
However, unlike HR specialists, who concentrate on a specific area of HR such as compensation and benefits or employee relations, HR generalists need to be well-versed in all aspects of human resources.
This versatility allows them to effectively manage various HR-related tasks within an organization and provide comprehensive support to employees and management. In contrast, HR specialists focus on gaining deep expertise in their chosen field, making them valuable resources for more specialized HR issues.
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Mexico can produce vine-ripened tomatoes at a lower opportunity cost than firms in the United States. Through trade negotiations, the United States lifted quotas limiting the import of tomatoes from Mexico. Some firms in Florida, in the face of this new competition, had to close their farms and their workers lost their jobs. Many of the workers could not find new jobs right away. What type of unemployment describes the workers' situation
Answer:
Structural unemployment
Explanation:
From the question we are informed about Mexico which are producing vine-ripened tomatoes at a lower opportunity cost than firms in the United States. Through trade negotiations, the United States lifted quotas limiting the import of tomatoes from Mexico. Some firms in Florida, in the face of this new competition, had to close their farms and their workers lost their jobs. Many of the workers could not find new jobs right away. In this case, the type of unemployment that describes the workers' situation is
Structural unemployment.
Structural unemployment can be regarded as one type of unemployment which is a form of involuntary unemployment that is been causedd as a result of mismatch between the skills that can be offered by workers in the economy
and the skills that is been demanded of workers by their employers, structural unemployment can be regarded as" the skills gap"
What are 2 reasons someone might want to open a secured credit card?
Answer:
hgguuyhh
Explanation:
Sam offers tiffany $10,000 for her collection of rare coins. she accepts. if a dispute arises, a court would likely:_________
In such a situation, the court would consider several factors to determine the outcome of the dispute.
If a dispute arises between Sam and Tiffany regarding the $10,000 offer for her collection of rare coins, a court would likely step in to resolve the matter.
First, the court would assess whether there was a valid and enforceable contract between Sam and Tiffany. This would involve examining the elements of a contract, such as offer, acceptance, consideration, and mutual assent.
Next, the court would evaluate any relevant terms or conditions that were agreed upon between the parties. It would consider whether there were any misrepresentations, fraud, duress, or undue influence involved in the transaction.
Additionally, the court would review any supporting evidence, such as communication records or witnesses, to establish the intentions and understanding of both parties.
Based on these factors, the court would then make a decision, which could involve enforcing the contract, awarding damages, or taking any other appropriate legal action to resolve the dispute.
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Scenario A
College graduates are moving back in with family in record numbers. They are waiting longer than previous generations to buy homes and start families. Data show downward trends in new home building, mortgage applications, and the birthrate. Multiple markets are complaining of falling demand. A national supplier of home goods permanently shut down. The media is calling babies born today part of the “baby bust generation.” Economists predict future school closings and labor shortages.
Would the Fed address the scenario with expansionary or contractionary policy? Explain.
What is a specific monetary action the Fed might use in this scenario? Identify the tool and how the Fed would use it. Explain how this would address the scenario.
What is a specific fiscal action that Congress might use in this scenario?
The Fed would address the scenario with an expansionary policy as this is the policy that stimulates demand.
The specific monetary action that the Fed can take in this scenario is decreasing the Fed Funds rate, to reduce interest rates on loans.
Congress can use the specific fiscal action by offering tax breaks to young people who buy houses.
How can demand be stimulated ?The Fed Funds rate is the rate that banks borrow from each other. If the Fed was able to decrease this rate, then it would lead to loan interest rates falling which would allow the young college graduates to be better able to buy homes and start families.
Congress for its part, can embark on the fiscal action of giving tax breaks to young college graduates who buy houses and start families. This would encourage them to buy houses knowing they will pay less taxes.
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Strategic Sourcing is a comprehensive approach for locating and sourcing key suppliers, so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace. true false
Strategic Sourcing is an integrated approach of finding and sourcing the most reliable and valuable suppliers so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace.
Strategic sourcing requires collaboration and communication with internal stakeholders and suppliers to ensure all requirements are met. It’s a long-term procurement strategy that takes into account several factors, such as supplier performance, quality, cost, delivery time, risks, and innovation.
By using strategic sourcing, organizations can reduce their procurement costs, increase their competitiveness in the marketplace, and achieve long-term business objectives. This approach also helps organizations to mitigate supply chain risks, ensure business continuity, and maintain their reputation.
In conclusion, the statement "Strategic Sourcing is a comprehensive approach for locating and sourcing key suppliers, so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace" is true.
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What technology allows retailers to better respond to consumer buying patterns?
given the following information, what is the markup per unit? line item description numerical data direct materials $76,000 direct labor $130,000 factory overhead $64,000 selling and administrative expenses $50,200 estimated units to be produced and sold 15,000 total assets $200,000 desired rate of return 10% normal selling price per unit $22.68
The value of the markup per unit is $1.67.
1.Calculate the total production cost per unit
Production cost per unit is the sum of direct materials, direct labor, and factory overhead.
Production cost per unit = $76,000 + $130,000 + $64,000 = $270,000
The total production cost per unit is $270,000.
2.Calculate the desired rate of return per unit
Desired rate of return is 10%.
Desired rate of return per unit = (10/100) x $200,000/ 15,000 = $1.33
The desired rate of return per unit is $1.33.
3: Calculate the selling price per unit
Selling price per unit is the sum of the production cost per unit, desired rate of return per unit, and selling and administrative expenses.
Selling price per unit = $270,000/ 15,000 + $1.33 + $50,200/ 15,000 = $22.68
The selling price per unit is $22.68.
4: Calculate the markup per unit
Markup per unit = Selling price per unit - Production cost per unit
Markup per unit = $22.68 - $270,000/ 15,000
Markup per unit = $1.67
Therefore, the answer to the question is $1.67 as a value of Markup per unit
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Machvile Corporation, a robotics company, decides to acquire Chancera Inc., a start-up company that operates within the same industry. To better assess its decision, the management of Machvile Corporation needs to find out the value of Chancera Inc.'s total assets. The management has information regarding Chancera Inc.'s liabilities and stockholders' equity. In this scenario, the management should most likely use the _____ to get the required information.
Answer: Accounting equation
Explanation:
The accounting equation is a proposition or formula that accesses a company's assets by summing up it's equity and liabilities. It means that the equity of a company would equal it's assets minus liabilities.
Machvile Corporation can access properly the worth of Chancera Inc.'s by using the Accounting equation, weighing their assets and leaving out their liabilities.