if a company has to change an estimate, such as the salvage value of an asset, the company is required to reissue prior year statements that were based on the estimate.
This statement is False
What is the salvage value?
Salvage value is an asset's anticipated book value after depreciation, based on what a firm anticipates obtaining in exchange for the asset at the end of its useful life. As a result, an asset's projected salvage value is a key factor in determining a depreciation schedule.
No, this statement is not true because there is no requirement to reissue prior year statements that were based on the estimate if the salvage value of an asset changes
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the break-even point calculation is affected by:
The break-even point is determined by total cost rather than revenue, hence revenue has no direct impact on it. However, whether a business truly crosses its break-even point depends on its sales revenues. If sales are less than total costs, preventing a business from breaking even, it suffers a loss.
Revenue is the collective income from sales of goods and services that are directly connected to a company's basic business operations in the context of accounting. Two more phrases for commercial revenue are sales and turnover. Some companies get money from interest, royalties, and other payments. The phrase "income" is commonly used in place of revenues. Sales, service revenues, fees collected, interest revenue, and interest income are a few instances of revenue accounts. Revenue accounts are credited when services are provided and billed, and as a result, they frequently have credit balances. The break-even point in economics, business, and particularly cost accounting is the point at which total cost and total revenue are equal, or "even." There is no net loss or gain, and one has achieved "break even" even if opportunity costs were paid and capital obtained the projected return after accounting for risk.
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exploration and trade from western european nations during the renaissance led to an increased supply of from the new world, leading to an international economy based on money rather than barter. multiple choice diamonds precious metals gas coal
In order to make the best decisions, the rational decision-making model employs data, analysis, and a step-by-step procedure. Learn how to use a rational model and what a company hopes to achieve from it.
Intelligent Choices
Every day, decision-making is required of business personnel. An individual can approach problem resolution in two different ways: intuitively, and rationally. Some people utilize their sentiments and instincts as guiding principles while making decisions since they are
keenly aware of them.
logical model
The manager of the fast food establishment Intestinal Distress Tacos is Violet Jones. From headquarters, she is under intense pressure to boost her monthly profits. Violet is unsure of how to resolve her money problem. She must choose whether to apply the rational decision-making model in order to choose the most effective course of action.
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what would be an expense factor in an insurance program
Costs associated with mortality are regarded as an expense factor in an insurance program.
The required details about mortality is mentioned in below paragraph.
Mortality. The idea behind life insurance is that a large number of people share the risk of passing away. To estimate the cost to each group member, the amount at risk must be established. Mortality tables are used to provide the company with an initial estimate of the amount of money it will need to set aside each year to cover death claims.
Pure Mortality Cost is a variable taken into account while determining life insurance premiums. The face amount of a life insurance policy multiplied by a mortality table probability factor equals the pure mortality cost.
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__________ refers to concrete examples to show how learning has led to results that a company finds worthwhile and credible.
Success refers to concrete examples to show how learning has led to results that a company finds worthwhile and credible.
A fluid cement (cement paste) that binds together fine and coarse aggregate and hardens (cure) over time to form concrete. The most common building material is concrete, which is also the second most used substance in the world after water[1]. [2] Ton for ton, its global use exceeds that of steel, wood, polymers, and aluminum combined. Saving money on school loans, personal loans, and mortgages is easiest with Credible. In a matter of minutes, compare the best lenders and obtain inexpensive rates. Evidence that has a good chance of being believed is credible evidence. One that has a chance of succeeding is a credible proposal.
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which valuation models discount cash flows using the cost of equity?
Models for discounting dividends and free cash flow to equity valuations discount cash flows using the cost of equity.
A valuation technique known as discounted cash flow (DCF) determines the value of an investment by extrapolating its anticipated future cash flows.
By using predictions of how much money an investment will make equity valuations in the future, discount cash flows analysis aims to evaluate the value of a particular investment now.
Making judgments about the purchase of securities or the acquisition of a company can be aided by it. Decisions on capital budgeting or operating expenses can also be made with the use of discount cash flows discounted cash flow analysis by business owners equity valuations and management.
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What is the name of the is decision support strategy that uses non-linear predictive models that were defined using hidden layers trained on prior observed behaviors?.
There are input node layers, output node layers, and maybe some intermediary levels. The internal layers are frequently referred to as "hidden layers" since they cannot be seen directly from the inputs and outputs of the system.
Backpropagation is a technique for repeatedly adjusting the weights to reduce the discrepancy between the output that is produced and what is wanted. Neural networks may learn more complex properties thanks to hidden layers, which are neuron nodes layered between input node and outputs. A feedforward artificial neural network that produces a set of outputs from a set of inputs is called a multilayer perceptron (MLP).
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adjustments to expense accounts at the end of the accounting period are made to adhere to accrual accounting principles, specifically the __________ principle.
Adjustments to expense accounts at the end of the accounting period are made to adhere to accrual accounting principles, specifically the expense recognition ("matching")principle.
An expense account is a right to compensation of services gone by employees for work-connected purposes. An expense account helps you the path and sort the miscellaneous expenses your trade has during a an age. Expenses in an expense account are raised by debits and curtailed by credits. Your expense account increases when you give money.
When a business wants to understand; expenses dictate whether it concedes the possibility use cash or growth bookkeeping. The expense recognition standard admits trades to perceive expenses in the alike period as the profit guide those expenses.
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true or false: period costs flow from finished goods to cost of goods sold.
Period costs flow from finished goods to cost of goods sold- False.
Period costs are expenses that are not connected to or related to the creation of inventories in managerial and cost accounting. The expenses are recorded at the period they were incurred because they are unrelated to the creation of inventory.
In a nutshell, period costs are any expenses that do not contribute to the creation of a product (product costs). Period costs are deducted and appear on the income statement, which lowers net income.
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suppose peru decides to increase its production of rubies by 30. what is the opportunity cost of this decision?
Suppose Peru decides to increase its production of rubies by 30. The opportunity cost of this decision is 1 emerald.
The opportunity cost of 1 unit of production = maximum production of other good /maximum production of the good
the maximum production is denoted by the intercept of the curve on the respective axis
The opportunity cost of one ruble =8/240=1/30
The opportunity cost of 30 rubles =Opportunity cost of one ruble * 30
=(1/30)*30
=1 emerald
Opportunity costs are the potential gains that a person, investor, or company forgoes by selecting one option over another. Opportunity costs are by nature invisible, thus it is simple to miss them. Better choices may be made when a firm or individual is aware of the opportunities that can be lost by selecting one investment over another.Opportunity cost is a wholly internal expense that is only considered from a strategic standpoint; it is not accounted for in accounting profit and is not reported to external parties.Opportunity costs include things like choosing to build a new manufacturing facility in Los Angeles rather than Mexico City, forgoing an equipment update for the business, or choosing the most costly product packaging choice over less expensive ones.Learn more about Opportunity cost, here
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which type of targeting focuses on going after a large share of one (or a few) target segments? group of answer choices differentiated marketing micromarketing niche marketing undifferentiated marketing
Concentrated marketing is targeting focuses on going after a large share of one (or a few) target segments .
What is Concentrated marketing ?
A marketing segmentation technique in which the business focuses all of its resources and efforts on serving a single market segment; also known as niche marketing.
Small businesses might profit from concentrated marketing, which has as its major objective the creation of an offer for a certain market niche. The tactic makes it possible for startups and small enterprises to operate despite having few resources.
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When two countries choose to partake in international trade, it is a mutually beneficial activity for both countries.
a. True
b. False
True, When two countries choose to partake in international trade, it is a mutually beneficial activity for both countries. it is possible for a country to consume a combination of goods that is beyond its original production possibilities frontier.
The advantages of beneficial activity include the gains in health and happiness that come from it.
Exercise and "beneficial activity" have different connotations, despite the fact that the phrases are sometimes used interchangeably. Any bodily motion that burns calories is referred to as "physical activity," including housework, daily commutes, gym visits, work, and play. In order to satisfy a need or want for products or services, people engage in international trade, which is defined as the transfer of capital, goods, and services across national boundaries or territories[1]. International trade has always occurred (for instance, along the Uttarapatha, Silk, and Amber Roads, in the race for Africa, the Atlantic slave trade, and on salt roads), but in recent centuries, its economic, social, and political significance has grown.
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the process of selecting and managing aspects of organizational structure and culture to enable the organization to achieve its goals is called organizational __________.
The process of selecting and managing aspects of organizational structure and culture to enable the organization to achieve its goals is called organizational design.
Organizational design is a strategy that involves identifying problematic elements in work flow, procedures, structures, and systems, realigning them to meet current company realities and goals, and then creating plans to put the new changes into action. The procedure aims to advance the company's technological and human resources aspects.
The design process typically results in a more efficient organizational structure, noticeably better outcomes (profitability, customer satisfaction, internal operations), and empowered people who are dedicated to the company.
Implementing organizational processes and structures that support an organization's fundamental strategy is known as organizational design. A firm may need to reduce or grow, which frequently results in organizational reorganization.
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marge is managing several new strategies. her team knows that she is under pressure to bring all these projects in on schedule and within budget. marge wants to empower jason, her assistant project manager, to lead for self-determination or choice. she should
She should delegate important tasks to Jason as if marge wants to empower Jason, her assistant project manager, to lead for self-determination or choice .
Who are project manager ?
The term "project manager" refers to a specialist in the discipline. In every effort with a specified scope, defined start, and defined completion, regardless of industry, project managers are responsible for the planning, procurement, and execution of the project.
As the project representative, project managers are the first point of contact for any difficulties or disagreements that arise between the leaders of different departments in a business. This prevents the issue from becoming more serious and involving higher authorities.
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Which of the following includes shortages of certain raw materials, higher pollution levels, and more government intervention?
a. The economic environment
b. The political environment
c. Thenaturalenvironment
d. The technological environment
e. The sociocultural environment
The natural environment includes shortages of certain raw materials, higher pollution levels, and more government intervention
There are three environmental trends that you as the marketer for your company should be aware of: Lack of raw materials: Limited resources, such as nonrenewable resources, may cause significant price rises, making the development of a marketing strategy challenging.
Industry degrades the quality of the environment through increased pollution, including the disposal of chemical and nuclear wastes, and chemical contaminants that litter the landscape. Such items are challenging to market.
Government engagement has increased: The management of raw material varies to varying degrees among nations. Some people work hard to improve the environment, while others don't do much to reduce pollution. However, there is hope that businesses will adopt a socially responsible attitude and that pollution will decline.
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Which of the following best describes attitudes toward Asian immigrants in the late nineteenth and early twentieth centuries?
a. Asian immigrants were welcomed to the United States and swiftly became financially successful.
b. Asian immigrants were disliked by whites who feared competition for jobs, and several acts of Congress sought to restrict immigration and naturalization of Asians.
c. Whites feared Asian immigrants because Japanese and Chinese Americans were often disloyal to the U.S. government.
d. Asian immigrants got along well with whites but not with Mexican Americans or African Americans.
Asian immigrants were welcomed in the United States and quickly achieved financial success, which best sums up attitudes toward them in the late nineteenth and early twentieth century.
A country in North America, the United States of America (U.S.A. or USA), also referred to as the United States (U.S. or US) or America, is a federal republic. There are 50 states in it, as well as a federal district, 326 Indian reservations, 9 Minor Outlying Islands, and 5 Major Unincorporated Territories. It ranks third in terms of both total area and land area. The United States has land boundaries with Mexico to the south and Canada to the north.
The Bahamas, Cuba, Russia, and other countries share marine borders with it. It is the third most populated nation in the world, with approximately 331 million people. Washington, D.C., is the seat of government, while New York Metropolis in United States, which is also the financial hub, is the largest city.
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the first step in the project development process is: customer future needs projection. product idea generation. technology selection for product development. technology development for process selection. product marketing and distribution preparation.
The first step in the Project Development Process is: B) Generate Product Ideas.
Therefore Option B is Correct.
Compared to project management, project development is a higher-order process. It entails making sure a project team has all the tools necessary to achieve the project's objectives. The phrase "resources" is used to refer to essentially anything the project would require, including software, personnel, funding, and a clear plan.What is an example of project development?
A development project aims to enhance the economic and social circumstances of a group of people by delivering a defined product. Examples of the goals of development initiatives include lowering infant mortality, enhancing maternal health, and battling diseases like HIV/AIDS, malaria, and others.To learn more about Project Development Process, click the links
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Explain the economic causes and effects of maritime exploration by european states including: the portuguese, spanish, english, french, and dutch.
The development of Portuguese maritime technology and navigational skills resulted in increased travel to and trade with Africa and Asia, resulting in the establishment of a global trading-post empire.
The Spanish sponsorship of Columbus' voyages and successive voyages across the Atlantic and Pacific heightened European interest in trans Atlantic travel and trade.
Northern Atlantic crossings were often undertaken under the sponsorship of the English, French, and Dutch, with the goal of discovering alternative sailing routes to Asia.
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if 750 compacted cubic yards (ccy) of in-place soil is required for a project, how many loads of import will be required? the import material has a swell of 30 percent and a shrinkage of 90 percent. the trucks can haul 10 loose cubic yards.
The project will require 149 loads of import.
Bcy = bank cubic yardsLcy = loose cubic yardsTo Determine how many bank cubic yards are needed.
Required in place cubic yards minus shrinkage equals required bank cubic yards.
1 490 cubic yards equals the replacement unit needed in place.95% of the total shrinkage equals 0.95.Required bank cubic yards are calculated as 1,490/0.95 = 1,568.42 bcy.Calculate the amount of the material that needs to be transported.
Bank cubic yards times (1 plus swell percentage) equals loose cubic yards.
Proportion of swell = 14% = 0.14
1,788 loose cubic yards are equal to 1,568.42*(1+0.14).
Loads of import that will be needed are 1,788/12, or 149 load, loose cubic yards/truck haul capacity loads of import that will be needed.
Therefore, It will require 149 loads of import
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What do people use as an alternative to banks?
Credit unions are an alternative to banks that let you conduct local banking with like-minded individuals.
What are some alternatives to banks that people use?Credit unions- Credit unions are an alternative to banks that let you conduct local banking with like-minded individuals.Online banks- With no need for actual bank branches or ATMs, Online banks provide all of the features and functionality of conventional brick-and-mortar banks.Neobanks- Neobanks, commonly referred to as "challenger banks" or "digital-only banks," are online-only competitors to traditional banks.Regional bank- A regional bank is frequently the best financial choice for small businesses. Regional banks concentrate their services in a limited geographic area and are often smaller than national banks.Community banks- For companies looking for a bank alternative, community banks are still another choice. Community banks are modest, neighborhood financial institutions that concentrate on offering banking services to the local populace and commercial sector.Individual lenders- Peer-to-peer (P2P) lending is a form of crowdsourcing that enables companies to obtain capital from private investors.Square Cash- Square Cash: For companies that need to transfer or receive money fast and simply, Square Cash is a great bank substitute.Go-ogle Wallet/Ap-ple Pay Cash- With the help of Go-ogle Wallet, you can keep all of your credit, debit, and loyalty cards in one location. Similar service provided by Ap-ple, Ap-ple Pay Cash, enables you to centrally store all of your credit and debit cards as well as gift cards.Off-shore Bank Accounts- An off-shore bank account could be the solution for you if you're looking for a more comprehensive banking option. Since offshore banks are situated in nations with lax financial laws, they provide more services and goods than ordinary banks.Learn more about Community banks: https://brainly.com/question/28759249
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a manufacturing company has a beginning finished goods inventory of $28,100, cost of goods manufactured of $58,300, and an ending finished goods inventory of $27,400. the cost of goods sold for this company is:
The cost of goods sold for this company is $59000
COGS: The direct cost of producing the commodities that your company sells is known as the cost of goods sold (COGS). COGS contains the cost of materials and labour directly associated with the manufacture and manufacturing of retail products. It is also known as "cost of sales" or "COGS report." Indirect expenses like marketing and distribution expenditures are not included in COGS.
Beginning finished goods inventory = $28100
Cost of goods manufactured = $58300
Ending finished goods inventory = $27400
The cost of goods sold by this company is given by the formula:
Beginning Finished Goods + Cost of Goods Manufactured − Ending Finished Goods = Cost of Goods Sold
Substituting the values in the formula to get the cost of goods sold:
= $28,100 + $58,300 − $27,400 = $59,000.
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effective structured communication:
Includes SBAR, briefings, and debriefings for effective structured communication. Communication with structure has a number of benefits.
In order to increase comprehension and interpersonal interactions, structured communication is a strategy you can use. In business settings, using structures in your communication is crucial to ensuring that debriefings coworkers are aware of procedures and are working efficiently to support organizational goals. The type of message or engagement you're having with others will determine if you should use structured communicating. For instance, various formats can be used to direct clarity and focus when conducting team meetings and communicating information.
Communication with structure has a number of benefits. Frameworks offer debriefings a technique to clearly communicate information in written communications. Structured communication is beneficial in collaborative settings for conversations and active listening.
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The complete question is
Effective structured communication:
a) Must be initiated by the team leader.
b) Includes SBAR, briefings, and debriefings.
c) Is more important for nurses than for physicians.
d) Includes email, text messaging, and debriefings.
buyers in b2b markets may request that suppliers provide a competitive ______, which states the supplier's terms of sale to meet the buyer's purchase specifications.
Buyers in b2b markets may request that suppliers provide a competitive Vendor Analysis which states the supplier's terms of sale to meet the buyer's purchase specifications.
Vendor analysis initially establishes the strengths and limitations of each possible partner in order to identify the vendor who best fulfils their company's objectives. A supplier is a person, company, or other organization that sells goods or equipment to customers. A vendor analysis is completed whenever a company wishes to find a new vendor or evaluate the performance of one of its present vendors. As the name suggests, business-to-business marketing refers to the advertising of products and services to other businesses and companies. It differs significantly from B2C marketing, which is aimed at consumers, in a number of key ways.
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the eugene company has provided the following account balances: cash $76,000; short-term investments $8,000; accounts receivable $12,000; inventory $96,000; long-term notes receivable $4,000; equipment $192,000; factory building $360,000; intangible assets $12,000; accounts payable $90,000; accrued liabilities payable $12,000; short-term notes payable $42,000; long-term notes payable $184,000.
The current ratio is calculated by dividing current assets by current liabilities. In this case, the current ratio would be 1.33.
What is current ratio?
The current ratio is a liquidity ratio used to measure a company's ability to pay short-term or one-year obligations. It explains to analysts and investors how a company can maximise its assets on its balance sheet in order to pay off its current debt and other payables. A current ratio that is comparable to or slightly higher than the industry average is generally regarded as acceptable. A lower current ratio than the average industry may indicate a greater risk of distress as well as fallback. Similarly, if a company's current ratio is very high in comparison to its peer group, it suggests that management might not be using its funds effectively. The current ratio is so-called because, unlike other liquid assets, it includes all current assets and liabilities.
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As an aspect of quantitative decision making, modeling and simulation provide typically inform decisions in what way?.
As an aspect of quantitative decision making, modeling and simulation provide typically inform outcome or future result.
What is modelling?Modeling and simulation is a way of immitating or copying a real scenerio.
Here, a scene or example is created in a way that it would look so real just as in a real life situation.
It is done to foresee possible problems or challenges and to plan various ways or methods that can be adopted to guide against or prevent the happening.
Simulation may include the use of some technology or technical know how for effectiveness.
It can helps solve many problems that may come in the future and it also help in effective budgeting.
Therefore, quantitative decision making, modeling and simulation can help to project possible outcome.
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Arvilla wonders if she needs to apply for a tax identification (ID) number as a freelance writing consultant. She took the steps to identify an available business name and then registered it in her state. Arvilla has not yet determined if she will use her own social security number or apply online for a free employer identification number (EIN) or tax ID number. What type of business ownership may NOT be required to obtain a tax ID number?
A. Limited liability company
B. Sole proprietorship
C. Partnership
D. Corporation
Sole proprietorship business ownership may NOT be required to obtain a tax ID number
A sole proprietorship, also known as a sole tradership, character entrepreneurship, or proprietorship, is a kind of company owned and run via one character wherein there may be no legal difference between the proprietor and the commercial enterprise entity. A sole dealer no longer necessarily works on his own and might appoint different people. The sole trader receives all income (issued to taxation specific to the enterprise) and has a limitless obligation for all losses and debts. Every asset of the commercial enterprise is owned by the owner, and all money owed to the commercial enterprise is that of the owner. It is a "sole" proprietorship in contrast with a partnership, which has as a minimum owner.
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Which items would be considered a truth in advertising violation according to ftc guidelines?
Maybe. The FTC would examine the transaction carefully and decide each case on its own.
Given that the merger represents a moderate level of market concentration, the FTC should examine the merger using a cash-to-cash basis if the historical merger standards of the FTC are to be taken into consideration.
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employment requirements such as test scores and other qualifications are legally defined as creating on minorities and women when such individuals meet or pass the requirement at a rate less than 80 percent of the rate of majority group members. a. a lack of employment at will b. confirmatory action c. a glass ceiling d. affirmative action e. adverse impact
Employment requirements such as test scores and other qualifications are legally defined as creating adverse impact on minorities and women when such individuals meet or pass the requirement at a rate less than 80 percent of the rate of majority group members. Option E
This is further explained below.
What is Employment?Generally, Employment is a relationship between two parties that governs the providing of services for compensation in exchange for labor
Typically governed by the terms of a contract, one party, the employer, who may be a company or a not-for-profit organization..
In conclusion, Employment criteria, such as test scores and other requirements, are legally defined as having a negative effect on minorities and women when they are met or passed at a rate that is less than 80% of the rate of members of the majority group. Choice E
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employment requirements such as test scores and other qualifications are legally defined as creating ______on minorities and women when such individuals meet or pass the requirement at a rate less than 80 percent of the rate of majority group members.
click on the area of the timeline when the u.s. consumer price index dropped significantly from the year before, altering the type of inflation experienced in the economy.
The area of the timeline when the u.s. consumer price index dropped significantly from the year before, altering the type of inflation experienced in the economy is the Area between b/w 2005 and 2015
What is inflation?Generally, In the field of economics, inflation refers to a widespread rise in the prices of goods and services throughout a whole economy. When there is an increase in the overall price level, it means that one unit of currency can purchase fewer products and services than before; as a result, inflation is equivalent to a decrease in the buying power of money.
In conclusion, The circled region on the graph depicts a large decline in the inflation rate, which changes the characteristics of inflation. According to graph in the vicinity of the year 2010.
A negative inflation rate indicates deflation in the economy, which results in a fall in prices across the economy.
Although there are ups and downs in inflation during this time, inflation is expected to continue in the positive zone for the remainder of the year 2010.
However, 2010 marks the turning point when inflation turns into deflation.
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A [Blank] is a type of program that uses a grid to organize and work with data.
Please help me!
A spreadsheet is a type of program that uses a grid to organize and work with data.
A spreadsheet is a computer program used for tabular data organization, calculations, and storage. Spreadsheets were developed as electronic replacements for old-fashioned paper accounting spreadsheets. The software runs on the data entered into a table's cells. Data structured into rows and columns can be stored, displayed, and edited using spreadsheet software. Spreadsheets are one of the most used computer tools. A spreadsheet is typically used to record numerical data and brief language passages.
Budget creation, the creation of graphs and charts, and the storing and sorting of data are the three most typical general purposes for spreadsheet software. In the corporate world, spreadsheet software is used for making charts, calculating revenues, and forecasting future performance.
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on october 1, 2021, stripes inc. lends $100,000 to another company and accepts a 24-month, 6% note. what is the amount of interest revenue stripes will report in its 2023 income statement?
The amount of interest revenue stripes will report is $4500 in its 2023 income statement
Stripes will have finished paying the interest by the 24th month.
Stripes will pay three months' worth of interest in 2021. ( Oct, Nov, and Dec)
Stripes will pay interest for 12 months in 2022, and then for 24-(3+12)=9 months in 2023.
Interest for the nine months.
Calculating interest using the formula:
Interest = P x R X T/100
where P = principal amount
R = rate of interest
T = time in years
P =$100,000
R= 6%
T= 9 months
=$100,000*6*9/1200
=$6000 x 0.75
=$4,500
So, interest is $4500 to be reported in income statement
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