operationalization: group of answer choices primarily figures into the discussion of measurement. you must be precise with your measurements so that you can help reduce generalizability of findings. primarily figures into the discussion of sampling. you must be precise with your measurements so that you can help reduce generalizability of findings. primarily figures into the discussion of measurement. you must be precise with your measurements so that you can reduce systematic error. primarily figures into the discussion of sampling. you must attempt to have a random sample in order to be properly operationalized

Answers

Answer 1

Operationalization is the process of translating abstract ideas into observable data. Some ideas, like height or age, are easy to measure, but others, like spirituality or anxiety, are hard to measure.

You can systematically collect data on processes and phenomena that are not directly observable through operationalization.

What does it mean to operationalize?

The first step in operationalization is actually taking the measurements, followed by describing how they will be taken. Therefore, in operationalization, we specify specific empirical procedures that will lead to variable measurements.

What distinguishes operationalization from conceptualization?

Conceptualization includes characterizing theoretical thoughts with explicit qualities. Specifying how a variable or concept will be measured in a specific study is operationalization. When designing a research study, both are required.

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Related Questions

FILL IN THE BLANK. research indicates that hindrance-related stress is ___related to job satisfaction, and challenge-related stress is ___ related to job satisfaction.

Answers

According to research, stress related to challenges is "positively" associated with job while stress related to obstacles is "negatively" related.

What is stress?
Any kind of change that puts physical, emotional, or psychological strain on a person is considered to be stressful. Your body's reaction to anything that demands focus or action is stress. Everyone goes through periods of stress. However, how you handle stress has a significant impact on your general wellbeing. The brain as well as body are both impacted by stress. People need a little bit of stress to function and defend themselves, but too much stress could indeed overwhelm them and cause the fight, flight, or freeze response. Therefore, developing coping mechanisms for stress is crucial for both our personal health.

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There is $5,000,000 of currency in Econland, all held by banks as reserves. The public does not hold any currency. If the banks' desired reserve/deposit ratio is 0.25, then the money supply equals:

Answers

The optimal reserve/deposit ratio for banks is 0.25, meaning that the money supply is $20,000,000.

How many different kinds of currencies exist?

In General Assembly (UN) national governments, UN General Assembly ou pas observer nations, largely recognized or unrecognized governments, and their dependent entities, 180 currencies are recognized as legal money.

Why is the US dollar so powerful?

Because of the Fed's aggressive monetary policy in reaction to soaring inflation, the U.S. greenback is strengthening. There at November FOMC meeting, it increased the fed funds rate from a range of 3.75 to 4% from where it was at the start of 2022, which was close to zero.

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can you name a fashion brand that you have recently purchased because it had a positive brand image? how does that compare with a fashion brand that you have purposely not purchased because of the image of the company?

Answers

NIKE was the most recent brand I bought.

Consumers' mental and objective reactions to a brand when they buy a product are known as brand image. surpassing the expectations of the consumer is a positive brand image. A strong brand image improves an organization's reputation and brand value.

What does a strong brand identity entail?

A product can differentiate itself from almost identical rivals in the same market niche thanks to a strong brand image. For instance, even when there is little product differentiation, consumers still believe that name-brand products are of greater quality than store-brand products. Coca-Cola is a well-known brand for a beverage that is best enjoyed during times of joy, happiness, and positive experiences. It has a "unique taste" and is the "original cola."

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martin, inc.'s charter authorizes 50,000 shares of stock with a par value of $1 per share. 1,000 shares of stock are issued at a market value of $5 per share. this means that the shares of stock are issued at a (premium/discount) .

Answers

The shares were issued at a market value of $5 per share. This means that the shares of stock are issued at a Premium.

When are shares issued at premium?

When a share is issued at premium, it means that it is issued at a market price that is more than its par value. The par value of the shares for Martin Inc was $ 1 and yet the shares were issued at a market price of $ 5.

This means that the shares of Martin Inc. were issued at a premium price. The premium on these shares can be found to be:

= Market price of shares - par value

= 5 - 1

= $4

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A conflict involves a serious clash of values, perceptions, or ideas and can jeopardize productivity in terms of one's relationships at work and dealings with customers (T/F)
(T)rue

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The answer is true. Conflict is a scenario that involves at least two ideas interdependent parties, is marked by perceived differences, and is seen negatively by the participants.

Negative emotional states and acts meant to win the day are frequently the result of this. Information conflicts, values conflicts, interest conflicts, ideas interpersonal conflicts, and structural conflicts are the five basic causes of conflict. Conflicts over information occur when persons have conflicting or incomplete information or disagree on the information's relevance. A argument over a course of action to be taken, such as the marketing strategy for a new product, with one's supervisor or other team members is an example of substantive conflict.

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the information on the pro forma statement of cash flows contains information from multiple budgets.

Answers

The estimated sum of cash inflows and expenditures anticipated in one or more future periods is known as pro forma cash flow.

What is Pro Forma Cash Flow?

Pro forma cash flow information is helpful for forecasting when there might be cash shortages soon, allowing management to get ready by securing extra debt or equity capital to make up for the anticipated shortfall. Another option is to make plans to cut costs in the future to prevent cash utilisation. This information can also be used to plan the most suitable investment strategy for the cash if the pro forma document projects that there will be excess cash. The income statement and balance sheet are also pro forma records, but pro forma cash flow is perhaps the most important one because the other forms become meaningless if there is insufficient cash predicted to be available to fund management's plans.

What are Issues Impacting Pro Form Cash Flow?

Projected days sales outstanding for customer receivables and estimated days to pay suppliers might also have an impact on the data included in the pro forma cash flow document. The pro forma findings might not be possible if these numbers deviate significantly from historical averages.

The accuracy of the pro forma document typically diminishes quickly over consecutive periods after being fairly accurate for the first few weeks of the projection. The document should be regularly updated with the most recent facts to increase its dependability. Additionally, the document has a better chance of being correct if the company has a steady order backlog and a considerably lower chance of being accurate if there is little knowledge about the sources of short-term sales.

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you are interested in examining the effect of running ads on sales in your department. which item would be an independent variable?

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As you are interested in examining the effect of running ads on sales in your department, an item which would be an independent variable on the study is ads run per month. The Option C is correct.

What is an independent variable?

In a study, an independent variable means the variable that is changed or controlled in a study, which It represents the cause or reason for an outcome. An independent variables are the variables that the researcher can changes to test their dependent variable.

A change in this variable directly causes a change in the dependent variable and its effect on the dependent variable is measured and recorded.

Missing options "sales by salesperson per month total sales per week ads run per month, total dollar sales per month"

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What economic system in which private citizens own and use resources to make a profit?.

Answers

An economic system permits people to form their own economic choices, while not interference with the govt. The economy could be a personal profit-potential business system.

A financial set-up within which camera in hand businesses have the liberty to control for a profit with restricted government intervention. Economics and form of government within which factors of production square measure jointly in hand and directed by the state; supported an on-paper egalitarian society within which everybody works for the commonweal.

It is a capitalist financial set-up wherever the production of products and services is driven by buyer practices. In command economic systems, governments and centralized powers manage a lot of the economic processes, as well as allocate and distribute resources, products, and services.

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Boaters World is expected to have per share FCFE in year 1 of $1.65, per share FCFE in year 2 of $1.97, and per share FCFE in year 3 of $2.54. After year 3, per share FCFE is expected to grow at the rate of 8% per year. An appropriate required return for the stock is 11.5%. The stock should be worth today $71.80 347.62 161.44
Previous question

Answers

The stock should be at $71.80 today.

P3 = $2.54 (1.08)/(.11 - .08) = $91.44; PV of P3 = $91.44/(1.11)3 = $66.8601; P0 = $4.94 + $66.86 = $71.80.

A stock market, fairness market, or share market is the aggregation of consumers and dealers of shares, which represent possession claims on businesses; these may include securities listed on a public stock.

Even though the stock marketplace produces volatile returns, it has long records of outpacing inflation in the long run.

The primary motive of the Wall avenue crash of 1929 turned into the long length of speculation that preceded it, at some point in which tens of millions of humans invested their financial savings or borrowed cash to buy shares, pushing charges to unsustainable ranges.

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Core Publishing Company learned that when selling overseas, local fulfillment can be more cost effective, and it can decrease delivery time and improve customer service. This is an example of a global _________ strategy.
a. product
b. pricing
c. distribution
d. communication
e. promotionc. distribution

Answers

The given situation is an illustration of a (C) global distribution plan.

What is a global distribution strategy?

International distribution strategy is the process of deciding on the greatest export locations, figuring out the best distribution channels, and positioning your product or service so that your sales start to rise.

This requires meticulous planning as well as regional market knowledge.

When selling worldwide, Core Publishing Company found that local fulfillment can be less expensive, as well as speeding up delivery and enhancing customer service.

This serves as an example of a global distribution plan.

Market, Product, Company, Channel, and Environment Related Factors are 5 Important Factors Affecting Distribution Channel Selection.

The distribution of goods can be done through a variety of routes.

Therefore, the given situation is an illustration of a (C) global distribution plan.

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If the tax rate on homes in topeka, kansas is 1. 8 percent of their value and bonnie owns a $100,000 house, how much will the real estate taxes add to her monthly mortgage payment?.

Answers

The real estate taxes would add $150 to Bonnie’s monthly mortgage.

How to calculate real estate tax?

To find the amount of real estate tax that will be added to Bonnie’s monthly mortgage, annual real estate tax rate and the value of house should be considered.

Total value of Bonnie’s house = $100,000

Real estate tax per annum = 1.8% (i.e. 1.8/100 = 0.018)

To calculate real estate tax per month, multiply the value of house with the annual real estate tax and divide by 12 months.

Annual tax = 100,000 x 0.018 /12 = $150 per month.

Therefore, Bonnie will have to pay $150 as real estate tax each month.

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true or false: in the worlds of business and technology, the term smart grid is used to refer to the merging of different technologies and industries to form a newer, better product or process.

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It is true that in worlds of business and technology, term smart grid is used to refer to merging of different technologies and industries to form newer, better product or process.

What is a smart grid?

An electrical grid that uses a range of operational and energy-saving techniques is known as a smart grid. The smart grid has several key components, including electronic power conditioning and control of electricity production and delivery. European Technology Platform for Smart Grids is the umbrella organization for smart grid policies. Despite the term's customary focus on technical infrastructure, the roll-out of smart grid technologies also entails a fundamental re-engineering of the electricity services sector. The main challenges with smart grid technologies include smart meters, the products they enable, and general security concerns. Additionally, at times of peak power use, smart grids could monitor and control non-essential domestic gadgets, restoring their functionality when the demand is low.

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bramble corps accounting records reflect the following inventories: how much is the total manufacturing costs inccured during 2022 for bramble?

Answers

The manufacturing cost of Bramble Corps will be equal to $20,50,000, considering all other factors.

Given information:

Opening raw materials = $2,50,000

Purchase of raw materials during the year = $7,90,000

Closing inventory of raw materials = $300,000

Raw material = $2,50,000+ $7,90,000-$3,00,000 = $740,000

Direct labor = $6,70,000

Manufacturing overhead = $640,000

Manufacturing cost = raw materials direct labor +manufacturing overhead

Manufacturing cost = $740000 + $670000 + $640000 = $2050000

The expenses incurred during the creation of a product are known as manufacturing costs. Direct material, direct costs, and factory overhead expenditures were included in these expenses. Usually, the costs are shown as different line items in the revenue statement.

A manufacturing cost includes all expenses incurred during the creation of a good or service, including the resources purchased. Costs associated with the manufacture include labor, and overhead.

The complete question is here:

Bramble Corp.'s accounting records reflect the following inventories:

Dec. 31, 2021 Dec. 31, 2022

Raw materials inventory $300000 $250000

Work in process inventory 300000 160000

Finished goods inventory 190000 150000

During 2022, $790000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000.

Bramble Corp.'s total manufacturing costs incurred in 2022 amounted to.

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some organizations use internal support departments to provide like services to several divisions or departments within an organization. which of the following would probably not lend itself as a support department

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Some organizations use internal support departments to provide like services to several divisions or departments within an organization. Inventory control not lend itself as a support department.

The practice of making sure there is the appropriate quantity available in an organization is known as inventory control, often referred to as stock control. By implementing the necessary internal and production controls, the practice guarantees that the business can satisfy client demand and provides financial flexibility.

To avoid bottlenecks, speed up procedures, pinpoint sluggish or out-of-date products, and even assist assess suppliers, inventory control connects the upstream operations of purchasing and production to the downstream activities of sales and product demand.

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Term for the south that emphasized its economic dependence on a single staple product.

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Term for the south that emphasized its economic dependence on a single staple product.cotton kingdom.

Economic dependence is a situation in which the fee or the sales related to a given challenge are depending on the value or revenues generated by any other task.” “The concept is observed within companies, industries, or even the economies of different nations.”

We have identified the main causes of economic dependence as the ex-exploitation of a based financial system by capitalist economies, the lack of in-indigenous technological understanding, and the life of a political, social, and financial electricity shape favorable to the perpetuation of dependency.

Financial diversification is viewed as an extended-term strategy to high financial dependency on herbal assets. despite the fact that this diversification can take vicinity in every quarter of the economic system, economic dependency on natural sources may be decreased thru each personal region improvement and public sector reforms.

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Your friend has 50/100/15 automobile insurance coverage. One night they lose control of their vehicle, hit a parked car and damage a storefront along the street. Damage to the parked car was $4,500 and damage to the store was $15,500.
What amount will the insurance company pay for the damages?
What amount will your friend have to pay?

Answers

a) The insurance company pay for the damages is $15,000

b) The amount will your friend have to pay $5,000

Insurance:

Insurance is the amount that a company pays to get an insurance contract and any additional premium payments.

Given,

Your friend has 50/100/15 automobile insurance coverage. One night they lose control of their vehicle, hit a parked car and damage a storefront along the street. Damage to the parked car was $4,500 and damage to the store was $15,500.

Here we need to find the following:

a) The insurance company pay for the damages

b) The amount will your friend have to pay

While we looking into the given question,

We have identified that the total claim for property damage is calculated as,

=>  $4,500 + 15500 =$20,000

(a) We know that the insurance company will pay the greater of the claim amount or the policy limit.

So, the property damage liability coverage is less than the claim amount, the insurance company will pay the policy limit of $15,000.

(b)Now, will be personally liable for any unpaid claim amount.

=> Remaining liability = Claim amount - Insurance payment

=> $20,000 − $15,000

=> $ 5,000

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which of the following serve as a central contact point where critical comments, dilemmas, and advice can be assigned to the person most appropriate for handling a specific case?

Answers

Hotlines  serve as a central contact point where critical comments, dilemmas, and advice customer can be assigned to the person most appropriate for handling a specific case.

A hotline is a phone number that members of the public can call to inquire about a certain topic with an organisation. People can call hotlines to get information from organisations or to provide them information. The telephone service facility that we provide for the purpose of providing Services and related information is referred to as the customer service hotline. An anonymous and confidential reporting hotline gives employees of a company a way to report improper behaviour.

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which type of multinational diversification occurs when the parent firm establishes foreign subsidiaries to produce intermediate goods going into the production of finished goods?

Answers

Vertical integration type of multinational diversification occurs when the parent firm establishes foreign subsidiaries to produce intermediate goods going into the production of finished goods.

One method of reinvestment is diversification. A global corporation can add new revenue streams, ideally with high-profit potential, by purchasing new businesses and corporate divisions, frequently in markets with growth potential or in new markets. There are two aspects to the justification for diversification, according to Calori and Harvatopoulos (1988). First, diversification can be either defensive or aggressive depending on the nature of the strategic objective.

Spreading the risk of market contraction or being compelled to diversify when an existing products or present market direction appears to offer no more prospects for growth may be defensive considerations. Gaining new positions, seizing possibilities that offer higher profitability than those for expansion, or utilizing financial reserves over the whole amount required for expansion are all offensive motivations.

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If the market price is $8, how many units should the firm produce to maximize profit?.

Answers

At a price of $8 per unit, the company has to create seventy (70) units in order to make the most amount of money possible. At a price of $8 per unit, the company has to create seventy units in order to make the most amount of money possible.

What is maximizing profit?

Generally, In the field of economics, the term "profit maximization" refers to either the "short run" or "long run" process that a company can use to determine the price, input and output levels that will result in the greatest possible total profit.

The term "profit maximization" draws attention to that specific point, which is the level of output at which your company generates the greatest amount of profit. "a company trying to maximize profit will produce the quantity where marginal cost' and marginal revenue' are equal to each other," as stated by the Khan Academy, a non-profit educational organization.

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the natural rate of unemployment includes a. both frictional and structural unemployment. b. neither frictional nor structural unemployment. c. structural but not frictional unemployment. d. frictional but not structural unemployment.

Answers

The natural rate of unemployment includes both the frictional and structuralunemployment. Thus option (a ) is correct.

What is Unemployment?

The Unemployment is a situation in which an abled-bodied person wants to do a work but unable to find a work at the prevailing wage rate.

A person must be an active member in the labour force and in search of remunerative work.

It is calculated by dividing the number of unemployed people by the number of people in the labor force.

The more unemployment in an economy shows less economic production and output.

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an interest rate that is compounded monthly, but is expressed as if the rate were compounded annually, is called the ....... rate. a. Periodic interest
b. Stated interest
c. Daily interest
d. Compound interest
e. Effective annual

Answers

An interest rate that is compounded monthly, but is expressed as if the rate were compounded annually, is called the  Effective annual interest rate.

Hence, Option E is correct.

What do you mean by Interest rate?
An interest rate can be defined as the  amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed.

It helps to understand how high the cost of borrowing is, or high the rewards are for saving.How do we benefit from interest rates?If there is a rise in Interest rate which  that means individuals will see a higher return on their savings.An effective annual interest rate can be defined as the real return on a savings account or any interest-paying investment.

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which of the following are factors that a financial planner should monitor for every client? i. changes in the client's objectives ii. changes in the client's marital status iii. changes in property laws iv. changes in the amount of lifetime gifts made by the client which of the following are factors that a financial planner should monitor for every client? i. changes in the client's objectives ii. changes in the client's marital status iii. changes in property laws iv. changes in the amount of lifetime gifts made by the client i, iii, and iv i, ii, iii, and iv ii, iii, and iv i and ii

Answers

Factors that a financial planner should monitor for every client are changes in the client's objectives.

Financial planner assists clients in managing their money and achieving their long-term financial objectives.A solid understanding of personal money, taxes, budgeting, and investing is necessary for a financial planner. They could be experts in estate planning, risk management, retirement planning, tax planning, or asset allocation. Many clientele comes from a specific demographic, such young professionals or retirees. Financial planners offer clients advice and support on a range of topics, including investing, retirement planning, paying for college or starting a new business while preserving money.

Many financial planners offer a holistic approach that takes the client's total well-being into account, while some focus on a single area, such as retirement funds. They might discuss the costs associated with family, employment, education, and physical health.

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xpo Center Inc. and Festival Music LLC have an executory contract. They agree to rescind it and simultaneously enter into a new contract. If the previous contract was subject to a preexisting duty, the new contract will most likely be
a.invalid.b.valid.c.voidable.d.enforceable

Answers

An executory agreement exists between Festival Music LLC and Expo Center Inc. They consent to cancel it and sign a new agreement at the same time. The new contract will probably be invalid if the earlier one was subject to a preceding responsibility.

The promise may be prevented from contesting the legality of the contract if the promisee can prove that they properly relied on the promise. Under the law of fraud, agreements that are made in writing and include the signatures of all parties are regarded as valid.

The majority of nations have laws that forbid minors under the age of 18 from signing legally binding contracts. A minor who enters into a contractual contract has the legal right to choose whether or not to abide by its conditions. There are, however, a disproportionately large number of severe cases.

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a company paid the supply store $100 for supplies purchased last week. what is the effect on the overall accounting equation?

Answers

The impact on the overall accounting equation: one asset account (Cash) decreases and another asset account (supplies increases).

The wide variety of general property is not affected. expenses and liabilities aren't affected.

Accounting, additionally referred to as accountancy, is the dimension, processing, and verbal exchange of monetary and nonfinancial data approximately financial entities which include groups and businesses.

Accounting, additionally known as accountancy, is the size, processing, and communique of economic and nonfinancial records of approximately monetary entities along with groups and companies. accountants assemble, examine, verify and put together monetary records for their department or enterprise as a whole, according to the Bureau of Labor facts (BLS). In layman's phrases, they work with economic files to make certain lawful, green, and compliant commercial enterprise practices.

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Megan contracts to sell Nonny her horse for $4,000. This contract will be fully discharged when Megan and Nonny
A. agree that the deal is fair
B. execute a bill of sale
C. sign a receipt
D. exchange the horse for the money

Answers

Megan contracts to sell Nonny her horse for $4,000. This contract will be fully discharged when Megan and Nonny exchange the horse for the money. Thus, option (d) is correct.

What is money?

The term “money” refers to the exchange of goods and services. The currency is the currency of the country. Different countries have different currencies. Usually, money looks like paper notes and coins.

According to the contract are the based on the money to Megan sell the horse for $4,000 to Nonny. Megan and Nonny are in the contract to exchange the horse for the money.

Therefore, option (d) is correct.

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Watercraft, inc. , employs vladimir as a sales agent for a trial period. At the end of the period, watercraft and vladimir disagree on the amount of the commissions vladimir is due for sales that he made. Vladimir may demand?.

Answers

The ability to measure and analyse cash inflows and outflows through financial reporting gives the organisation and its finance teams a better understanding of present and potential cash flow issues.

In financial reporting, there are four main documents. The assets, liabilities, and equity of the business are listed on the balance sheet. It reveals the assets and liabilities of the business as well as the amount of capital the owners have invested. The company's earnings and expenses are both listed in the income statement.

You can ask Vladimir for a financial report.

Vladimir wants an accounting from the Defendant (Watercraft Inc.) for the funds which belong to him. Therefore, the entire amount owing for Vladimir's sales commissions must be determined by a third-party accounting specialist.

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booksellers, inc. makes a written offer to sell smallville city library 20,000 books at $5 each. in writing, booksellers also agrees to keep the offer open for sixty (60) days. however, before the 60 days have passed, booksellers sells all the books to universal library for $7 each. which of the following is true of this situation?

Answers

Smallville can file a legal claim, since Booksellers agreed to hold the offer open, even though no consideration was given.

Legal claim

Legal claim refers something which someone says which they cannot prove and which may be false.

Given,

Booksellers, inc. makes a written offer to sell smallville city library 20,000 books at $5 each. in writing, booksellers also agrees to keep the offer open for sixty (60) days. however, before the 60 days have passed, booksellers sells all the books to universal library for $7 each.

Here  we need to find the statement that is applicable for this situation.

While we looking into the given situation,

We have identified that the price before the legal claim is $5 each and after the legal claim the price is $7 each.

Which means that the Booksellers agreed to hold the offer open, even though no consideration was given.

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stasia incurred a $20,000 nonbusiness bad debt last year. she also had an $18,000 long-term capital gain last year. her taxable income for last year was $25,000. During the current year, she unexpectedly collected $12,000 on the debt. How should Mary account for the collection? a. $0 income b. $8,000 income c. $11,000 income d. $12,000 income e. None of these

Answers

Option B $8,000. The tax benefit is the $8,000 offset which is to addition to income.

What Is a Net Operating Loss?

A Net Operating Loss is what happens when a taxpayer has more expenses than income in a given calendar year. In the US, the Net Operating Loss may be carried back two years to obtain a refund of previously paid taxes.

Calculation:

The bad debt can be used to offset the $8,000 in long-term capital gains since it is viewed like a short-term capital loss.The $15,000 NOL can be used to offset the $12,000 in ordinary income, but it can only be used once, therefore $3,000 cannot be carried forward.Therefore, the $8,000 offset that is added to income constitutes the tax benefit.

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What is one of the main differences between a bank and a credit union ?.

Answers

Banks are for-profit businesses that distribute earnings to their shareholders, but credit unions are managed by its members. This is the primary distinction between banks and credit unions.

Explain about the credit unions?

Credit unions offer a wide range of other financial services in addition to accepting deposits and making loans, much like banks do. Credit unions, however, offer a secure place to save and borrow at fair rates because they are member-owned and cooperative institutions.

There are typically fewer branches for credit unions than for regular banks. If your credit union is not a part of a shared branch network and/or a sizable ATM network like All point or Money Pass, it may not be convenient for you to use one near your place of residence or employment. may have fewer goods and services available.

Credit unions often provide their members with lower fees, greater savings rates, and a more individualized level of customer service.

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during a period of falling costs of manufacturing, which of the following inventory cost methods would result in the greatest reported net income?

Answers

Therefore, the cost applied to goods sold under the LIFO method is the lowest if the most recent cost of inventory purchases is declining. A large net income results from a low cost of products sold.

What is net income?

In business and accounting, net income (also known as total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income less costs of goods sold, expenses, depreciation and amortization, interest, and taxes for a given accounting period. The net growth in shareholders' equity as a result of a company's operations is calculated as the residual of all revenues and gains less all expenses and losses for the period. It's distinct from gross income, which just subtracts the cost of products sold from revenue. Net income is defined as (gross) income less taxes and other deductions for households and individuals (e.g. mandatory pension contributions).

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