The change in inventories, a component of aggregate supply, comprises roughly __________ of gdp

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Answer 1

The change in inventories, a component of the aggregate supply, comprises roughly 0.5% of GDP. The total amount of merchandise that businesses will produce and sell is known as aggregate supply, or real GDP. The positive association between price level and real GDP in the short run is demonstrated by the upward-sloping.

The aggregate supply curve, also known as the short run aggregate supply curve. The total amount of products and services produced in a given economy is shown as the aggregate supply. If the factor prices dropped, for instance, aggregate supply would increase as a result of the determinant.

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Related Questions

The cost method that will yield an ending inventory that is closer to current prices is the________.

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The cost method that will yield an ending inventory that is closer to current prices is the FIFO inventory cost method.

What do you mean by cost method?

Certain investments are recorded using the cost method of accounting in a company's financial statements. When an investor owns an investment and has little or no control over it, which is often expressed as owning less than 20% of the company, they adopt this strategy.

What is FIFO and LIFO method?

The Last-In, First-Out (LIFO) approach is predicated on the idea that the most recent or most recent unit to enter inventory gets sold first. The oldest unit of inventory is supposed to be sold first according to the First-In, First-Out (FIFO) technique.

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Economics can be divided into microeconomics and macroeconomics. One of these areas studies large units or groups and one studies small units or groups. Which do you think studies small units? why?.

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Microeconomics is the study of economics which study small units of economy.

What is microeconomics and macroeconomics?

The study of economics at the individual, small group, or business level is known as microeconomics. The study of a nation's economy as a whole is called macroeconomics, in contrast. Problems that affect both people and enterprises are the main emphasis of microeconomics. Macroeconomics is the study of issues that affect both the world and the nation.

What is the purpose of microeconomics?

The decision-makers can assess and decide how the productive resources are allocated for different goods and services with the aid of a study of microeconomics. Additionally, it aids in resolving the conundrum faced by producers on what to make, how much to produce, and for whom to produce.

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Alignment between people, processes, structure, values, and environments is the __________ perspective.

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Alignment between people, processes, structure, values, and environments is the behavioral perspective.

The behavioral perspective is the alignment between various aspects such as of people, values, structure, processes, environments and the way we behave and learn, which can be explained through our interactions with the environment.

As our actions are always responses to stimuli, which either occur naturally or because of our learned response. Thus, through a process called conditioning, all the behaviors are learned through interaction with the environment. This perspective also seeks to explain the way motivation can impact behavior.

Hence, the behavioral perspective centers around learned behaviors.

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The ______ is required for any company or sole proprietorship that is engaged in the business of making or brokering consumer or commercial loans.

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The Finance Lenders Law License (CFLL)  is required for any company or sole proprietorship that is engaged in the business of making or brokering consumer or commercial loans.

A California Financing Law license may be granted as a broker, a finance lender, or as both a broker and a finance lender. Any person or business that conducts consumer or commercial lending activities, as well as any person or business that negotiates or acts in any capacity as a broker in connection with loans made by a finance lender, whether those loans are secured by residential or commercial real estate, personal property, or unsecured obligations, is required to obtain this license through NMLS.

According to the law, "any individual involved in the business of issuing consumer loans or making commercial loans" is a finance lender. A license for finance lenders exempts the licensee from the California Constitution's prohibition on usury.

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The __________ approaches her social world with practical knowledge, whereas the __________ approaches the world by using reasoning and questions to gain deeper insights.

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The everyday actor approaches her social world with practical knowledge, whereas the social analyst approaches the world by using reasoning and questions to gain deeper insights.

A social media analyst is a person who always assesses your logo's owned statistics, campaign and content material performance and social listening statistics, and interprets all of it inevery day actionable business tips.

An analyst gathers, interprets, and makes use of complex records day-to-day to develop actionable steps as a way to improve strategies and optimize consequences. She or he assesses organization and client wishes, gets strong facts, and analyzes it, looking for telltale trends or areas for development.

Social Media Analyst collects and analyzes data day-to-day social media advertising campaigns. Assists groups in figuring out suitable social media channels for their specific enterprise needs, and tailors campaigns every day for the target audience.

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When discussing marital aggression, which is a stage the couple typically goes through?

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An acute battering incident, the loving contrition stage, the tension-building stage except for the fight-or-flight stage.

What is tension-building stage?

Tension-building stage, The abuser is argumentative and aggressive, yelling, criticizing, swearing, and making angry gestures. Coercion, threats, or minor fights may be used by the abuser at times.

These stages involve tension buildup, the abuse incident, reconciliation, and a time of quiet.

A severe beating episode—

When the tension reaches a breaking point, the physical violence begins. It is frequently triggered by the existence of an external event or by the emotional condition of the abuser—but not by the victim's behavior. This indicates that the beginning of the battering episode is unpredictable and outside of the victim's control.

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The data a firm can leverage is a true strategic asset when it is valuable, rare, imperfectly imitable, and non-substitutable.
a) true
b) false

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The answer is option a) true.

Leverage is the ratio of a company's debt to equity that it has (its capital structure). A corporation is said to be highly leveraged if it has more debt than is typical for its sector. When consumers have options and frequently make purchases, they are more likely to remember earlier costs. This makes dynamic pricing particularly challenging. We must have an overall architecture and strategy for data before we can utilize it. It is crucial to ensure that the data models supporting the important functional domains are suitable and that data quality is consistent. Companies may transform unactionable data into valuable insights by leveraging it. Organizations must develop their ability to efficiently gather, analyze, and convey information if they are to successfully exploit data.

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Pd is an example of which type of capital that can be possessed by an individual?

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Pd is an example of cultural capital that can be possessed by an individual. A person can use their cultural capital to show their cultural competency and their social standing. Cultural capital is the collection of information, behaviors, and abilities.

An individual who is informed about a variety of cultures and is at ease debating their value and virtues the embodies cultural capital in this new definition. It is characterized by the knowledge and the ability to apply the proper information in any situation, including a job interview, a talk with a neighbor, creating a professional network, and so forth.

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True or false?
You have created a great new smartphone app while working for apple. apple can sell this app to a third party.

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You have created a great new smartphone app while working for apple. apple can sell this app to a third party. This statement is True.

Apple Inc. is an American multinational technology company specializing in consumer electronics, software, and online services, headquartered in Cupertino, California, USA. Apple is the largest technology company by revenue (totaling $365.8 billion in 2021), and as of June 2022, the world's largest company by market capitalization, the fourth largest PC vendor by unit sold, and the second largest mobile phone manufacturer. It is one of his big five IT companies in America, along with Alphabet, Amazon, Meta, and Microsoft.

Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1, 1976 as the Apple Computer Company to develop and sell Wozniak's Apple I personal computer. Founded in 1977 by Jobs and Wozniak as Apple Computer, Inc., the company's next computer, the Apple II, became a bestseller. Apple went public in the 1980s and quickly became a financial success.

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Which type of satisfaction describes whether an employee is satisfied with aspects such as pay, benifits, and job tasks?

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Cognitive job satisfaction measures how satisfied employees are with certain aspects of their work, such as: B. Wages, Working Hours, or Social Security.

Job satisfaction is defined as an employee's satisfaction with their job. This goes beyond day-to-day operations and covers satisfaction with team her members/managers, satisfaction with company policies, and the impact their work has on employees' personal lives.

There are two levels of job satisfaction: effective job satisfaction and cognitive job satisfaction. Effective job satisfaction refers to an individual's overall emotional response to work. Cognitive job satisfaction measures how satisfied a person is with their job.

Job satisfaction measures how satisfied, comfortable, or content a person is with their job. It is the pleasant or positive emotional state that results from evaluating one's work and work experience.

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If the aunt's offer to her niece was held to be valid, it would be an offer for what type of contract?

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It would be A unilateral contract.

In a unilateral agreement, there's a specific provision that a charge is made simplest via a party's performance. some other example of unilateral settlement is a reward or a contest. In a unilateral settlement, the offeror may also revoke the provide earlier than the offeree's performance starts. generally, the revocation desires to be expressed.

A unilateral settlement is an agreement that is one-sided; in different words, one man or woman makes a promise to do something while the opposite does now not take motion without delay. instead, the other birthday party will act in destiny. Examples of unilateral contracts consist of contests. Take a consuming contest, for example.

An example of a unilateral contract is an insurance coverage contract, that's typically in part unilateral. In a unilateral settlement, the offeror is the best party with a contractual obligation. Unilateral contracts are typically one-sided.

Unilateral contracts require one party to make a promise. The settlement isn't always entire until a person plays it. Bilateral contracts, however, require at the least human beings to make guarantees to every other, consisting of while you rent a condo. these promises require every birthday party to carry out their part of the contract.

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Jacqi tells kenneth, who does not know how to perform comedy, that she will tutor him in the subject for $500. As an offer, this is?

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Jacqi tells Kenneth, who does not know how to perform comedy, that she will tutor him in the subject for $500. As an offer, this is effective.

Comedy is a genre of fiction consisting of narratives or works intended to be humorous or funny by inducing laughter, especially in theatre, film, stand-up comedy, television, radio, books, and other entertainment media.

It is in this sense that Dante used the term in the title of his poem La Commedia. Over time, the word became more and more associated with all kinds of performances intended to make people laugh. In the Middle Ages, the term "comedy" became synonymous with satire, and later humor was Synonymous with General.

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If a monopolistically competitive firm's demand curve is shifting to the left, it will stop when?

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If a monopolistically competitive firm's demand curve is shifting to the left, it will stop when: firms stop entering the industry

This is further explained below.

What is the industry?

Generally, An industry is a set of firms that are considered to be in some way comparable due to the principal commercial activity that they engage in. There are hundreds of different ways to classify industries in contemporary economies. The various kinds of businesses are often organized into broader groups that are referred to as sectors.

In conclusion, If a monopolistically competitive company's demand curve is migrating to the left, it will cease doing so when the following occurs: businesses stop joining the industry.

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A financial company to which businesses sell their accounts receivable, usually for a percentage of the total face value, is a(n):______.

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A financial company to which businesses sell their accounts receivable, usually for a percentage of the total face value, is a factor. Financial firms include banks, trust companies, accredited community development financial institutions, savings and loan associations.  

Any company that  CROCI Valuation Group considers to be a financial and is as result subject to CROCI company model for financials is referred to as  financial company. It is a type of financial company  that offers credit for the purchase of accounts receivable and services for consumers by either buying time-sales contracts of retailers or by making small loans directly to customers.

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In a(n)____, one company, or even a small group of cooperating companies has control of the supply of a product or service.

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In acquisition, one company, or even a small group of cooperating companies has control of the supply of a product or service.

The term mergers and acquisitions (M&A) refers to business transactions where the ownership of corporations, other businesses, or their operating units is transferred or combined with another entity.

M&A can help businesses expand or contract, change the character of their operations, or improve their competitive position as a component of strategic management.

Legally speaking, an acquisition is when one entity buys the stock, equity interests, or assets of another business. A merger, on the other hand, is the legal fusion of two entities into one.

From a business and economic perspective, these kinds of transactions typically lead to the consolidation of assets and liabilities into a single organization.

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When a firm produces a specific output level at a higher cost than the necessary cost for that level of output, it is called?

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When a firm produces a specific output level at a higher cost than the necessary cost for that level of output, it is called: x-inefficiency.

What is  x-inefficiency?

X-inefficiency can be defined as the process in which a company or an organization cost of production is higher.

A company or an organization can be classified as x Inefficiency when their cost of production or average cost of production is on the high side  and this may occur due to lack of competitors or lack of competition.

Therefore when a firm produces a specific output level at a higher cost than the necessary cost for that level of output, it is called x-inefficiency.

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Luminaires shall be wired with conductors having insulation suitable for the _____ to which the conductors will be subjected.

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Luminaires shall be wired with conductors having insulation suitable for the _____ to which the conductors will be subjected.

I. environmental conditions II. current-voltage III. temperature.

What are luminaires?

The Illuminating Engineers Society (IES) makes use of luminaire. Fixture is employed by the US Congress. And it's typical to hear someone refer to a source of light as a lamp. Although both names are technically correct, the correct term is luminiire.

A luminaire is described as "a complete lighting unit consisting of a lamp or lamps together with the parts designed to distribute the light, to position and protect the lamps, and to connect the lamps to the power supply" in both the IES Lighting Handbook and the 2014 National Electrical Code, Article 100 (which originally the 2004 NEC).

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When the ownership percentage of stock exceeds 20 percent but is less than 50 percent, gaap presumes that the investor:_______.

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When the ownership percentage of stock exceeds 20 percent but is less than 50 percent, Gaap presumes that the investor: is able to exert influence over the investee company.

What is Consolidation Rules Under GAAP?

The general rule requires consolidation of financial statements when one company's ownership interest in a business provides it with a majority of the voting power -- meaning it controls more than 50 percent of the voting shares. But even if your company's equity or voting interest is 50 percent or less, consolidation may still be required. In the absence of owning a majority of the equity, extensive contractual agreements or other business arrangements between two enterprises may be sufficient to establish the requisite control that warrants consolidating financial statements.

The Principles of GAAP-

The four basic constraints associated with GAAP include

Objectivity.Materiality. Consistency.Prudence

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What effect does the issuance of a 2-for-1 stock split have on shares issued and retained earnings?

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The issuance of a 2-for-1 stock split on shares issued and the retained earnings, the share price will be halved.

Thus, a stock split always  increases the number of outstanding shares and proportionately it  lowers the price of the shares ,  In this issuance the  market capitalization of the company remains unchanged.

A stock split is a good decision taken by a company's board of directors to increase the number of shares outstanding by issuing more shares to current shareholders.

Stock splits can improve the  trading liquidity and the stocks are seemed to be more affordable.

The most common split ratios are 2-for-1 and 3-for-1, it means that a stockholder will have two or three shares, respectively, for each share held before the split of stocks.

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According to the pecking-order theory managers will often choose to finance with?

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According to the pecking-order theory managers will often choose to finance with debt rather than new equity.

The Pecking Order Theory is  also known as the Pecking Order Model. This theory relates to a company’s capital structure.  It was made popular by Stewart Myers and Nicolas Majluf in 1984.

The theory of Pecking order states that managers should follow a hierarchy while considering sources of financing.

In the context of the pecking order theory, retained earnings financing also known as internal financing comes directly from the company which minimizes the information asymmetry.

In oppose to the external financing, such as debt or equity financing where the company is required to incur fees to obtain external financing, internal financing is the cheapest and most convenient source of financing.

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An increase in the number of sellers of a good will __________________ for that good equilibirum

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An increase in the number of sellers of a good will reduce price of the good for that good equilibirum.

A change in supply will cause equilibrium price and output to change in opposite directions means that if the output will increase then the price will decrease.

An increase in supply will always  cause a reduction in the equilibrium price and  in this case an increase in the equilibrium quantity of a good.

The increase in supply leads to an excess supply at the initial price. which further  causes the price to fall and quantity demanded to increase.

However, a decrease in supply will always cause an increase in the equilibrium price and a great fall in the equilibrium quantity of a good.

The decrease in supply  always leads to an excess demand at the initial price which further leads to the price to rise and quantity demanded to decrease.

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If ryan copies an article from a computer science journal that sells subscriptions and then distributes the copies to 25 employees at his company, his action?

Answers

Ryan would be liable for copyright infringement.

What is copyright infringement?

Infringement of copyright is the use of works protected by copyright without permission for a usage where such permission is required, hence infringing some exclusive rights provided to the copyright.

Infringement notices are used to formally warn an infringer that their content must be removed. When you discover infringement, mailing a cease and desist letter is usually the best course of action.

A Copyright Infringement Notice should specify which copyrighted work or works have been infringed by another party. At the very least, the letter should specify the work that is infringing on your copyright, as well as any pertinent data.

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For countries participating in a regional trading agreement, what makes this type of agreement significant to the countries involved?

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For countries participating in a regional trading agreement, the type of agreement signed by the countries involved is to eliminate barriers to the movement of labor, goods, and capital across those countries involved in it.

A pact that is signed by two or more nations to promote the unrestricted flow of goods and services across their boundaries is referred to as a regional trading agreement.

The pact includes internal regulations that the member nations abide by among themselves. There are external regulations in place that the members abide by when interacting with non-member nations.

Trade agreements provide benefits to member nations, primarily in the form of increased job possibilities, decreased unemployment rates, and expanded market prospects.

Additionally, because investment guarantees are frequently included in trade agreements, investors who want to put money into developing nations are shielded from political risk.

Businesses in member nations have more incentives to expand into new markets because of the favorable trading circumstances brought about by the policies adopted.

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What has been the effect of intense consolidation in certain hospital markets?
a. dilution of competition
b. better access
c. improved quality
d. increased competition

Answers

Dilution of competition has been the effect of intense consolidation in certain hospital market.

Option A is correct.:

Health care markets :

Health care market are becoming more consolidated, causing price increases for purchasers of health services, and this trend will continue for the foreseeable future despite anti-trust enforcement;

Government can still play an effective role in addressing higher prices that come from consolidation by pursuing policies that foster increased competition in health care markets. Many of these policies can be effective even in markets with high degrees of concentration, such as in Northern California.

Competition in hospital market

More health care competition exists in the United States than in any other industrial nation. The puzzle confounding reformers is that while competition has been enormously successful at producing quality-enhancing innovation, it appears to have failed on the crucial dimension of cost. A closer look suggests not that competition is failing, but that incentives throughout the system have been so skewed that the normal rules of competition simply do not apply. Prices remain high even when there is excess capacity. Technologies remain expensive even when they are widely used. Hospitals and physicians remain in business even when they charge higher prices for equal quality or fail to provide high-quality service.

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Today, benefit and service offerings add nearly _________ to an organization payroll costs

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Today, benefit and service offerings add nearly 40% to an organization's payroll costs.

Employee benefits are indirect financial payments given to personnel. they will include supplementary fitness and lifestyles insurance, vacation, pension plans, education plans, and reductions. three mandatory benefits (CPP/QPP, RI, and workers compensation) account for over 50% of the organization's part of benefits.

It includes salaries, wages and social protection contribution (i.e. health insurance), paid leaves, earnings sharing and bonus, es and non-monetary advantages like automobiles, unfastened scientific facilities, free or backed items, free or subsidized lunch, etc.

Employee benefits are also known as perks or fringe benefits. this is the greater pay given to the personnel over the month-to-month salaries and wages. a few examples of worker benefits are medical health insurance, stock alternatives and medical insurance; these are a few basic blessings presented to employees.

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Jones, Incorporated acquires 15% of Anderson Corporation on January 1, 2020, for $105,000 when the book value of Anderson was $600,000. During 2020 Anderson reported net income of $150,000 and paid dividends of $50,000. On January 1, 2021, Jones purchased an additional 25% of Anderson for $200,000. Any excess cost over book value is attributable to goodwill with an indefinite life. The fair-value method was used during 2020 but Jones has deemed it necessary to change to the equity method after the second purchase. During 2021 Anderson reported net income of $200,000, and reported dividends of $75,000. The income reported by Jones for 2021 with regard to the Anderson investment is:_____.
a. $80,000.
b. $30,000.
c. $50,000.
d. $15,000.
e. $75,000.

Answers

The income reported by Jones for 2021 with regard to the Anderson investment is $80,000

In 2021 Jones changed the method from fair value to Equity method.

In the equity method Income reported is

= income of the company in which investment is made x capital share in that company

= $200,000 x 40%

= $80,000

Investing is dedicating an asset to achieve an increase in value over a period of time. Making an investment requires sacrificing your current assets such as time, money, and effort. In finance, the purpose of investment is to generate a return on the assets invested

The definition of investment is an asset that is purchased or invested to build wealth and save money from hard-earned income or capital appreciation.

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What does research suggest about the relationship between goals and consciousness?

Answers

Answer:

Goals are the tools with which people engage in volitional behavior. Whereas goal pursuit was traditionally assumed to be strongly related to consciousness, recent research and theorizing suggest that goals guide behavior through attention, and this guidance can occur outside of a person's awareness

Explanation:

Which lot-sizing technique should be used if the process has a low-cost setup? part 2 a. economic order quantity b. wagner-whitin c. periodic order quantity d. lot-for-lot

Answers

(D) Lot-for-lot lot-sizing technique should be used if the process has a low-cost setup.

What is lot-for-lot lot-sizing technique?The lot size is the process of unifying the calculated net requirements by a specific unit while taking cost reduction and work efficiency into account. There are two forms of lot sizing: one that unifies in terms of time and another that unifies in terms of quantity.Lot-for-lot lot-sizing technique is a method of lot sizing in which the net requirements for each period are the quantity of order. This strategy is usually used for pricey commodities and items with sporadic demand.If the process has a low-cost setup, the lot-for-lot lot-sizing technique should be applied.

Therefore, (D)  the lot-for-lot lot-sizing technique should be used if the process has a low-cost setup.

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Which method of estimating bad debts is required by gaap when the amount of bad debt is material?

Answers

For financial reporting purposes, the allowance approach is necessary when bad debts are significant. It has three crucial characteristics During the same accounting period that sales occurred, uncollectible accounts receivable are estimated and compared to sales.

The allowance technique is setting aside a reserve for anticipated future bad debts. The reserve is calculated as a percentage of the sales made during a reporting period, with the percentage of sales possibly being adjusted for client risk.

How much cash a company should set aside for potential future bad or unrecoverable customer debt is determined using the allowance technique. It takes into account the price of the losses a business anticipates from giving customers credit.

It multiplies the accounts receivable by the relevant percentage for the aging period, puts those two sums together, and uses that result to estimate the allowance for dubious accounts.

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A new product costs $.84 each to manufacture and $.52 each to market. if 50,000 will be sold, what must the price of each product be to provide a profit of 15 percent of the price?

Answers

The price of each product to provide a profit of 15 percent of the price will be $1.6

Given,Cost = $0.84 to manufacture

Cost = $0.52 to market

To get 15% of the price let the selling price be x

So,50000*(y-(0.84+0.52) ) = 50000*(.15)*y

y-1.36 = 0.15y

0.85y = 1.36

y = 1.36/0.85 = $1.6

Answer is $1.6

For businesses, profit is the positive financial gain remaining after all costs, taxes, and expenses have been deducted from total sales. A business owner will either apportion profits or reinvest them back into their company.

There are four levels of profit or profit margins: gross profit, operating profit, pre-tax profit, and net profit.

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Can someone help me? And possibley tell me how to solve this as well? I'm totally clueless haha The process of transforming materials, labor, and energy into goods or services is termed as _____ which of the following statements is true about Charles Darwin? A. He supported Lamarcks theory of evolution. B. He believed evolution occurred in each individual organism. C. None of these. D. He understood natural variation occurs from mutations in DNA. Geometry: complete this proof, ASAP! What angle of descent ( depression) should the pilot use to safely bring the plane to the airport runway? The plane is 10,000 feet above the ground and is a little more than 30 miles ( approximately 160,000 feet) from the airport. Write an equation and show work . Round the angle measure to the nearest whole degree. ( Picture is not drawn to scale ) According to the keynesian consumption function, an increase in disposable income will result in? 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After 2 hours, the temperature of the chili is 7C.Part A: Assuming the temperature T of the chili follows Newton's Law of Cooling, write a differential equation for T. (10 points)Part B: What is the temperature of the chili after 4 hours? (20 points)Part C: At what time, t, will the chili's temperature be 10C? (10 points) How do you determine thesolution to a system of equationswhen graphing? Is it possible tohave more than 1 solution whengraphing? Is it possible to have nosolutions? How? The density (mass/volume) of aluminum is 2.70 times. 103 kilograms per cubic meter (kg/m3). what is the mass of an aluminum cylinder that has a volume of 1.50 m3? 5.56 times. 104 kg 1.50 times. 103 kg 1.80 times. 103 kg 4.05 times. 103 kg What type of commerce makes up the highest percentage of electronic transactions? a. b4c b. b4b c. c2c d. b2c e. b2b If bonds are issued initially at a premium and the effective-interest method of amortization is used, interest expense in the earlier years will be________. What is the length of each leg of the triangle below? Tammy Potter, a new partner with the regional CPA firm of Tower & Tower, was recently appointed to the board of directors of a local civic organization. The chairman of the board of the civic organization is Lewis Edmond, who is also the owner of a real estate development firm, Tierra Corporation. Potter was quite excited when Edmond indicated that his corporation needed an audit and he wished to discuss the matter with her. During the discussion, Potter was told that Tierra Corporation needed the audit to obtain a substantial amount of additional fi nancing to acquire another company. Presently, Tierra Corporation is successful, profi table, and committed to growth. The audit fee for the engagement should be substantial. Since Tierra Corporation appeared to be a good client prospect, Potter tentatively indicated that Tower & Tower wanted to do the work. Potter then mentioned that Tower & Towers quality control policies require an investigation of new clients and approval by the managing partner, Lee Tower.Potter obtained the authorization of Edmond to make the necessary inquiries for the new client investigation. Edmond was found to be a highly respected member of the community. Also, Tierra Corporation was highly regarded by its banker and its attorney, and the Dun & Bradstreet report on the corporation reflected nothing negative. As a final part of the investigation process, Potter contacted Edmonds former tax accountant, Bill Turner. Potter was surprised to discover that Turner did not share the others high opinion of Edmond. Turner related that on an IRS audit 10 years ago, Edmond was questioned about the details of a large capital loss reported on the sale of a tract of land to a trust. Edmond told the IRS agent that he had lost all the supporting documentation for the transaction, and that he had no way of finding out the names of the principals of the trust. A search by an IRSauditor revealed that the land was recorded in the name of Edmonds married daughter and that Edmond himself was listed as the trustee. The IRS disallowed the loss and Edmond was assessed a civil fraud penalty. Potter was concerned about these findings, but eventually concluded that Edmond had probably matured to a point where he would not engage in such activities.Based on the case above, respond to the following prompts:a. Present arguments supporting a decision to accept Tierra Corporation as an audit client.b. Present arguments supporting a decision not to accept Tierra Corporation as an auditclient.c. Assuming that you are Lee Tower, set forth your decision regarding acceptance of the client,identifying those arguments from part (a) or part (b) that you found most persuasive.Your assignment should be submitted in a Word document and follow proper APA formatting. This assignment should be approximately three pages in length. ______________ occurs when water between the tires and the road builds until the tires begin to ride on a film of water, resulting in traction loss. Select the correct answer. in this line from thomas paine's rights of man, what element denotes that it is from the revolutionary era? there exists in man a mass of sense lying in a dormant state, and which, unless something excites it to action, will descend with him, in that condition, to the grave. a. the mention of the grave b. the mention of sense c. the persuasion toward action d. the mention of excitement If the graph of a budget function has an x-intercept at 2 and the y-intercept at 5, name two ordered pairs that would fall on this line.(2, 0) (0, 5)(0, 2) (5, 0)(2, 0) (2, 5)(0, 2) (2, 5)