In a structured interview, the interviewer uses a prearranged list of questions to ask the candidate.
Which interview style employs pre-formulated questions?A structured interview is a sort of interview that uses a predetermined list of standard questions to collect data. In contrast, an unstructured interview is a sort of interview that does not rely on a predetermined set of questions to collect data. Before conducting a more in-depth interview, you can acquire some basic qualification information about candidates during a pre-screening interview, often known as a pre-employment screening. After the pre-screening interview, you can get in touch with the company for a hiring update if you haven't heard anything after a week. If you're uncertain about your status after the prescreening interview, send the hiring manager a brief follow-up email.
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what two variables were necessary for the bretton woods system to work? multiple select question. us could no longer trade with europe. us could not run a balance-of-payments deficit. us needed to import as much as it exported. us inflation needed to remain low.
the two variables necessary for the Bretton woods system to work are
If the US did not have a balance-of-payments deficit
If the US inflation rate remained low
The Bretton Woods system found its political foundation in the fusion of two critical conditions: the shared experiences of two World Wars, with the sense that the inability to deal with economic difficulties after the first war had led to the second; and the concentration of authority in a small number of states.
Following the 1944 Bretton Woods Agreement, the Bretton Woods system of monetary management established the regulations for commercial and financial relations among the United States, Canada, Western European countries, Australia, and Japan. The Bretton Woods system was the first fully negotiated monetary order designed to govern financial relations between independent states.
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as chief financial officer, you want to send the fourth quarter profit/loss spreadsheets to the president of the company. you know that his administrative assistant often checks his email and there is confidential information in the report that his assistant should not be able to access. how could you send the report without worrying about someone else accessing it?
Using encryption, he sent the report without being concerned that someone else would read its contents.
What do security and encryption entail?Data is converted from a readable format into an encoded format by encryption in the context of cyber security. Only after it has been decrypted can encrypted data be read or processed. The fundamental cornerstone of data security is encryption.Data can be encrypted in order to make it unintelligible to anybody but the intended recipients. In technical words, it is the process of transforming plaintext that can be read by humans into ciphertext, or unintelligible text.Symmetric and asymmetric encryption are the two forms of encryption that are currently in use. The name is based on whether the same key is employed during encryption and decryption.To learn more about Encryption refer to:
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the north american industry classification system (naics) codes a. are for firms that operate in the nafta region. b. group firms by industry. c. are a perfect classification system for firms. d. a and b. e. a and c.
The North American industry classification system (naics) codes are for firms that operate in the NAFTA region as well as group firms by industry.
So, the correct option is D.
In order to categorize commercial enterprises for the purposes of gathering, analyzing, and disseminating statistical data pertaining to the American business economy, federal statistical agencies utilize the North American Industry Classification System (NAICS). As well as regional and international organizations, individual nations have created their own standard industrial codes (SICs).
It evaluates current categorization systems and discusses the development of the North American Free Trade Agreement (NAFTA) Industrial Classification System (NAICS). In order to gather, tabulate, analyze, and disseminate statistical data describing the American economy, the U.S. Census Bureau assigns one NAICS code to each establishment based on that establishment's primary activity.
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melissa wants to retire with $40,000 per month. she needs $4,000,000 in principal at the time she retires in order to generate this amount of monthly income if the interest rate is 12%. if melissa has 25 years before retirement and has $80,000 to invest today, what simple interest rate does she need to achieve the necessary amount of principal?
190 % of simple interest rate does she need to achieve the necessary amount of principal.
we know that
The simple interest formula is equal to
A=P(1+rt)
where
A = Final Investment amount
P = Principal amount of money
r = rate of interest
t = Number of Time Periods
in this problem we have
t= 25 years
P= $80,000
A= $4,000,000
r=?
substitute in the formula above
4,000,000 = 80,000(1+25r)
50 = 1+25r
50-1=25r
49=25r
r=1.96
Convert to percentage
r = 1.9 * 100
= 190 %
The simple interest rate is 190%
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a treasury bill with 119 days to maturity is quoted at 97.630. what are the bank discount yield, the bond equivalent yield, and the effective annual return?
The effective annual return is 7.64%, the bond equivalent yield is 2.37%, and the bank discount yield is 2.37.
Discount yield = 7.17%
Bond equivalent yield = 7.34%
Effective annual yield = 7.64%
Discount yield = discount/face value × 360/t
Where t is the time until maturity.
Discount = face value - face value
Discount = 100 - 97.63
Discount = 2.37
Discount yield = 2.37/100 × 360/119
Discount yield = 7.17%
Bond equivalent yield = (1 + periodic yield)^360/t - 1
Periodic yield = discount/face value
= 2.37 ÷ 100 = 2.37%
Bond equivalent yield = [tex](1 + 2.37)^{(\frac{360}{119})} - 1[/tex]
Bond equivalent yield = 7.34%
Effective annual yield = (1 + HPY)^365/t - 1
Holding period yield (HPY) = Discount/Price
= 2.37 ÷ 97.63
Holding period yield = 2.43%
Effective annual yield = [tex](1 + 2.43)^{\frac{365}{119} } - 1[/tex]
Effective annual yield = 7.64%
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assume disposable income increased by $2,500 and consumption spending increased by $2,000. what is the marginal propensity to consume (mpc)?
The marginal propensity to consume (MPC) was 0.2 .
The marginal propensity to save (MPS) is an economic measure of how savings change as income changes. It is simple to calculate by dividing the change in savings by the change in income. A higher MPS suggests that small changes in income result in large changes in savings, and vice versa.
The Master Production Schedule (MPS) is a comprehensive timetable of our future production. It specifies what product will be manufactured, when it will be manufactured, and in what quantity.
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what is the overall management of the availability, usability, integrity, and security of company data?
Data governance is the overall management of a company's data availability, accessibility, integrity, and security (DG).
It is the system in charge of making sure that information is accurate, dependable, high-quality, and secure.
It is a component of business software, which is built on internal data standards and laws governing the usage of data.
The provision of accurate, reliable information and prevention of information misuse are achieved by effective data management in this procedure.
Data governance is the general management of an enterprise's data availability, usability, integrity, and security. Global organizations have had to update their data management systems due to the enormous growth in data volume and sources.
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a decrease in interest rates will question 30 options: 1) be a movement along the investment function relating planned investment to the interest rate. 2) shift the investment function relating planned investment to the interest rate to the right. 3) shift the investment function relating planned investment to the interest rate to the left. 4) have no impact on the investment function relating planned investment to the interest rate.
The ratio of total direct investment to goods produced is known as the investment rate in business statistics. The factors that affect the levels of total investments
What is Investment Function ?A concept or method used in economics known as the "investment function" aims to explain how changes in national income are related to the investment trends that exist within a given country's economy.
An investment is a purchase undertaken with the hope of earning money or increasing capital. The phrase "appreciation" refers to a rise in an asset's worth When someone purchases something, they do not intend to use it for direct consumption, but rather as a tool for generating wealth in the future.
Creating an investment entails using money now in the hopes that it will appreciate later. An investment is the use of capital—such as time, money, effort, etc.—with the expectation of earning a return greater than the initial investment. Any method or tool used to produce future income is referred to as an investment, including bonds, equities, real estate, and alternative investments.
Investments typically don't guarantee an increase in value; you can finish up with less money than you started with, Highly diversified investments can lower risk, but doing so may also lower income potential.
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you're creating a presentation for your company's executive team outlining the importance of data quality. what's one key factor in determining data quality that you might include?
The key factor in determining data quality to include is number of duplicate records.
What is a duplicate record?The term "duplicate record" refers to a copy made from the same matrix, the same impression, a mechanical or electronic rerecording, a chemical reproduction, or an equivalent technique, such as imaging or image processing, that faithfully replicates the original record. Duplicate records are copies of original records, regardless of whether they share the same physical attributes as the original. A duplicate record is a copy of a document that is often kept just for reference or ease of access. No of their physical form, State Documents refer to all data, information, and records maintained by the State, including but not limited to those whose disclosure is required by CORA.
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which candidate for the position of ceo provides the best opportunity for strategic change to occur within the firm?
Someone from outside the firm and outside the firm's industry candidate for the position of CEO provides the best opportunity for strategic change to occur within the firm.
What part does management play in a change in strategy?
Companies can implement necessary changes with care and responsibility through strategic change management. The process of managing change in an organized, deliberate manner in order to fulfill organizational goals, objectives, and missions is known as strategic change management.
Effective leaders carry out the routine duties involved in developing and implementing a strategy. They create a strategic vision and mission, establish goals and objectives, build the tactics, put them into action, and then assess the results
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the state income tax where kristin lives is levied at the rate of p\%p% of the first \$ 28000$28000 of annual income plus (p 2)\%(p 2)% of any amount above \$ 28000$28000. kristin noticed that the state income tax she paid amounted to (p 0.25)\%(p 0.25)% of her annual income. what was her annual income?
Kristin's annual income is $32000.
Let A, and T be Kristin's annual income and the income tax total, respectively.
T = p%×28000+(p+2)%×(A-28000)
= p%×28000+ p%×(A-28000) + 2%×(A-28000)
=p%×A+2%×(A-28000)
According to the question,
T=(p+0.25)%×A=p%×A+0.25%×A
p%×A+2%×(A-28000) = (p+0.25)%×A=p%×A+0.25%×A
2%×(A-28000) = 0.25%×A
A = $32000
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ask your teacher practice another the manager of a 100-unit apartment complex knows from experience that all units will be occupied if the rent is $900 per month. a market survey suggests that, on average, one additional unit will remain vacant for each $10 increase in rent. what rent (in dollars per month) should the manager charge to maximize revenue?
If a market survey suggests that, on average, one additional unit will remain vacant for each $10 increase in rent. What rent should the manager charge to maximize revenue will be $1,000.
x = $10 increases
Price=$900+10x
Quantity=100-x
The first step is to find revenue by coming up with an equation
Revenue=Price × Revenue
R(x)=(900+10x) (100-x)
The second step is to maximize the revenue
R(x)=90,000 +200x-10x²
The third step is to find the derivative and set it to zero
R(x)=200-20x
0=200-20x
20x=200
Divide both sides by 20x
x=200/20
x=10
The fourth step is to determine the rent that the manager should charge to maximize revenue
Price=$900+10x
Price=$900+10(10)
Price=$900+$100
Price=$1,000
marketplace survey is the survey studies and evaluation of the marketplace for a selected product/carrier which incorporates the research into patron dispositions. An observation of diverse consumer abilities consisting of investment attributes and buying potential.
Surveys are used to accumulate or advantage understanding in fields along with social studies and demography. Survey studies are often used to assess thoughts, opinions, and feelings. Surveys can be specific and constrained, or they could have more fantastic worldwide, good-sized dreams.
The survey technique is the exercise of collecting records for observation by way of asking human questions associated with your research. generally, researchers survey humans who've unique knowledge, insights, or studies related to the study.
market research is a prepared effort to gather data approximately goal markets and clients: know approximately them, beginning with who they may be. it is an important factor in business approach and a primary factor in preserving competitiveness.
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what is your opinion of an expat in your office being paid more than you when you are both doing the same job? explain your answer.
The expat package consists of a basic pay, benefits in kind are provided to a potential assignee in exchange for taking on an abroad assignment. Therefore compensated equally when performing same task.
What do you mean by assignment?A duty that you have been given by a higher authority is known as an assignment. To assign is a verb that is used to give duties or jobs to other people, and the word "assignment" is merely the noun form of this verb. An assignment is something that is given to a student.
Describe a work assignment.Assignment for work. means a position or post with clear job requirements that a person is assigned to for a set or flexible time period but is not yet classified as a particular type of work. Work assignment and duty assignment are synonymous.
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miller brothers hardware paid an annual dividend of $1.15 per share yesterday. today, the company announced that future dividends will be increasing by 2.6% annually. if you require a 12% rate of return, how much are you willing to pay to purchase one share of this stock today? o a. $9.83 o b. $9.81 o c. $12.23 o d.$12.55
An annual dividend is a yearly payment made to an insurance policyholder, most often of a permanent life insurance or long-term disability policy.
How are annual dividends calculated?
If a company pays monthly dividends, you can multiply the payment amount by the number of payments in a year, which means you can multiply the dividend by 12 to get an annual rate dividend per share.
Use the P equation on the formula sheet
P0 = (Dividend x (1 + Growth)) / (required rate of return - growth)
= (1.15 x 1.026) / (0.12 - 0.026)
= $12.55
Therefore, The dividend amount is determined by factors such as the insurance company's profits, investment performance, and the sum of money paid into the policy.
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an example of an internal control weakness is to assign the human resource department responsibility for: multiple choice maintaining time cards. hiring personnel. authorizing deductions from pay. interviewing employees for jobs.
An example of an internal control weakness is to assign the human resource department Authorizing deductions from pay.
Hence, option C is correct.
What do you mean by internal control weakness and deduction from pay?
Internal control weaknesses are failures in the implementation or performance of internal controls. The company’s system may fail to implement its services efficiently regarding internal control.
The problem may further lead to issues in efficiency, regulatory and overall growth of the company.
Deductions from Pay = In this am employer is allowed to make the following deductions from an employee’s wage: Any deduction required or authorized by law.
Hence, An example of an internal control weakness is to assign the human resource department Authorizing deductions from pay.
Hence, option C is correct.
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because walmart is such a large organization, its sales volume is enormous. as a result, the company has great bargaining power with its suppliers to lower the price walmart pays for merchandise to be shipped to its stores to be sold. this illustrates multiple choice learning effects. economies of scale. purchasing power parity. subsidiary skills.
The company has great bargaining power with its suppliers to lower the price Walmart pays for merchandise to be shipped to its stores to be sold. This illustrates an economies of scale.
Cost advantages that businesses enjoy when production becomes efficient are known as economies of scale. By increasing production and reducing expenses, businesses can attain economies of scale. Costs are divided among more products, which causes this. Costs come in fixed and variable forms.
When it comes to economies of scale, the size of the business typically matters. Cost savings increase with business size. Both internal and external economies of scale are possible. While external economies of scale are influenced by outside causes, internal ones are based on management choices.
Internal operations such as accounting, IT, and marketing are also seen as operational efficiencies and synergies.
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Which of the following personal property items has the HIGHEST specific limitation on coverage?
The personal property items has the HIGHEST specific limitation on coverage is the "Jewelry, watches, and precious stones or metals".
What Is a Special Limit of Liability in Insurance?In an insurance policy, a special limit of liability refers to the limitation that states the maximum payout for certain items. We should not confused it with the contents and personal property limit on your insurance policy declaration page or the insured value of the dwelling, which is always much higher.
This special limits applies to all kinds of insurance. Whether we have a renters insurance, home insurance, or condo insurance policy, you can expect to find limits hidden within the policy wording that will affect how much money you get paid in a claim. Therefore, the Option B is correct.
Missing options "a. A prized coin collection b. Jewelry, watches, and precious stones or metals c. A canoe you’re storing at the rental property d. An antique rug"
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according to michael porter, there are five determinants of competition. an example of is when new entrants to an industry put pressure on prices and profits. a. threat of entry b. rivalry between existing competitors c. pressure from substitute products d. bargaining power of buyers e. bargaining power of suppliers 5 points
A. According to Michael Porter, the theory of entry describes how new competitors exert pressure on pricing and earnings.
On May 23, 1947, Michael Eugene Porter, an American academic known for his theories on economics, business strategy, and social factors, was born. He is one of the founders of both the consulting company The Monitor Group and the social impact consultancy FSG. He is also the Bishop William Lawrence Professor at a university at Harvard Business School.
Porter's theory states that profit comes from power. The size of a company's moat, market share, or both of these variables taken together boosts its capacity to extract profits from competitors, suppliers, and customers.
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a u.s. treasury bill with 108 days to maturity is quoted at a discount yield of 2.00 percent. assume a $1 million face value. what is the bond equivalent yield?
The bond equivalent yield of U.S. treasury bill is 1.37%.
What is bond equivalent yield?Financially speaking, the bond equivalent yield (BEY) is a statistic that allows investors to figure out the yearly percentage yield for fixed-come assets, even if they are discounted short-term bets that only pay out on a monthly, quarterly, or semi-annual basis. Investors can contrast the performance of these investments with that of conventional fixed income assets, which last for a year or more and generate yearly yields, thanks to the BEY numbers that are readily available to them. This enables investors to build their total fixed-income portfolios with more knowledge and to make better decisions. The bond equivalent yield is computed by dividing the difference between the bond's face value and its purchase price by the bond's price.
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geek squad performs services for a customer and bills the customer for $500. how would geek squad record this transaction?
The correct answer is Accounts receivable increase by $500 or revenues increase by $500
Money due by organisations to the company on the sale of goods or services on credit is represented by accounts receivable. In the majority of business entities, accounts receivable are normally handled by creating an invoice, mailing it or delivering it electronically to the client, who is then required to pay it within a predetermined window of time known as the credit terms or payment terms.
The amount of sales a company made.
Monetary compensation for goods or services.
Every month, there are different amounts due (debtors).
Receiving money on behalf of a business and applying it to outstanding balances is the responsibility of the accounts receivable department.
Accounts receivable includes the cashiering and collection teams. The cashiering team uses the funds collected while the collections section looks for the debtor.
It is crucial to pay attention to this indicator because accounts receivable might affect the company's liquidity. Consequently, the investment risk ought to be as low as possible.
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when billing the insurance company, what resource provides the medical assistant with a common coding system representing procedures, supplies, and products not included in the cpt coding system?
HCPCS resource gives the medical assistant a common coding system to use when billing the insurance company for procedures, supplies, and items not covered by the CPT coding system.
Why is the HCPCS coding system used?A group of uniform codes known as HCPCS are used to identify medical procedures, supplies, goods, and services. The codes are used to make it easier for Medicare and other insurers to handle health insurance claims.
What does an HCPCS code do in terms of invoicing and insurance for healthcare?The Healthcare Common Procedure Coding System (HCPCS) is a database of codes that describe the procedures, products, and services that Medicare beneficiaries and people covered by private health insurance plans may get.
Do CPT codes appear in HCPCS codes?Level I and Level II of the HCPCS are the two main subsystems that make up the HCPCS. CPT (Current Procedural Terminology), a numerical coding system administered by the American.
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question content area for which of the following businesses would a process cost system be appropriate? a.shampoo manufacturer b.dressmaker c.custom furniture manufacturer d.boat repair service
Shampoo manufacturer is the businesses for which process cost system be appropriate .
What is Process Costing ?
Process costing is a method of accounting that tracks and totals the direct expenses of a manufacturing process and assigns the indirect costs. Products are given costs, typically in a big batch that may cover a month's worth of production. Costs eventually need to be distributed among distinct product units. It is the antithesis of job costing, which seeks to assess the specific costs of production for each unit, and gives average costs to each item.
Process costing, a subset of operation costing, is used to calculate a product's cost at each stage or process of production. Process costing is defined by CIMA as "the costing approach used when products or services are produced via a series of ongoing or recurring operations or processes. Over the units produced over the time, costs are averaged ".
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Determine the effective tax rate for a taxable income of $63,425. round the final answer to the nearest hundredth. 10% 14.67% 15.18% 22%
22% is the effective tax rate.The effective tax rate is the proportion of income that a person or business must pay or withhold as taxes.
The average tax rate paid by an individual on both earned and unearned income, such as stock dividends, is referred to as their effective tax rate. The progressive tax model states that as income increases, the tax rate increases, moving people into a higher tax band. Any taxable income produced outside of that range is taxed at the next highest tax rate; each marginal tax rate only applies to income earned within that bracket. This means that all new income produced above the previous bracket is taxed at a higher rate for higher income individuals.Here, the provided table displays theFor taxable income in the income range of $40,526 to $86,375, the marginal tax rate is 22%.Actual tax rate:Effective tax rate = total taxes owed/taxable income multiplied by 100.Effective tax rate: $6,847.50/$56,152.5 multiplied by 100.Tax rate in effect: 10.869%.
Tax rate in effect: 10.87% (Approximately)With a total tax obligation of $6,847.50, taxable income of $56,152.2, a marginal tax rate of 22%, and an effective tax rate of 10.87%, they are excluded.
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the times interest earned ratio is computed as: multiple choice interest expense times income before interest expense and income taxes. income before interest expense and income taxes divided by interest expense. income before interest expense divided by interest expense. income before income taxes divided by income taxes.
The correct answer is option (c) earnings before interest and tax divided by interest expense.
What is times interest earned ratio?Based on its current income, a company's ability to pay off its debt is gauged using the times interest earned (TIE) ratio. EBIT divided by the total interest due on bonds and other debt is the calculation used to determine a company's TIE number.
An organisation is deemed to be at an acceptable risk from the standpoint of an investor or creditor if its times interest earned ratio is greater than 2.5. Less than 2.5 times interest earned is regarded as being a much higher risk for bankruptcy or default for a company.
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during the month, southeast plumbing paid $600 to settle warranty claims. southeast uses an estimated warranty account. the journal entry to record the payment would have been:
The journal entry to record the payment would have been debit Estimated warranty payable, $600; credit Cash, $600.
A company may have a warranty policy, under which it commits to customers that it will fix or replace certain types of product damage within a predetermined period of time after the sale. The business should accrue an expense that reflects the cost of these anticipated claims if it can reasonably estimate the number of warranty claims that are likely to be made under the policy.
The accrual must occur during the exact same reporting period that the related product sales are recorded. By doing this, the financial statements show all costs related to product sales in the most accurate way possible, revealing the true profitability of those sales.
If management changes the warranty's coverage period, this will affect the expense for warranties for sales made both in the current period and in previous periods whose warranties have since been extended into the current period.
The cost of warranty claims might not be recognized for several months after the related sales if they were instead only recognized when the business actually processes claims from customers. For the duration of the warranty period, the financial reporting using this strategy would produce abnormally high initial profits followed by depressed profits in later months.
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crest, has decided to introduce its 1-hour express whitening strips in four cities and to closely monitor the reactions of consumers to the product and marketing program. crest is going to use:
Disruptive innovation is to closely monitor the reactions of consumers to the product and marketing program .
What is meant by Disruptive innovation ?
The term "disruptive innovation" refers to an innovation that makes formerly exclusive or highly skilled consumers-only high-end or highly complex items or services more widely available and more reasonably priced. Through the displacement of seasoned, well-established rivals, this transition disturbs the market.
Instead than refining or upgrading items for the same target market, disruptive innovation focuses on the technologies that make things accessible to a wider, untargeted market and make them simple to use. Digital music downloads, which have mostly supplanted compact discs, are an example of a disruptive invention (CDs).
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sunny sky paid $30,000 cash for a piece of land to be used for a new corporate headquarters building. the journal entry to record this transaction will include a $30,000 . (check all that apply.) multiple select question. credit to land debit to cash debit to land expense debit to land debit to building credit to cash
Sunny Sky paid $30000 cash for a piece of land to be used for a new corporate headquarters building. The journal entry to record this transaction will include a $30000 Credit to cash and Debit to land.
What is Credit to cash?A corporation can obtain short-term finance using Cash Credits (CC). To put it another way, a cash credit is a brief loan given to a business by a bank. An organisation can use it to withdraw funds from a bank account without maintaining a credit balance. Only loans up to the borrowing limit are permitted from the account.
A short-term business loan known as cash credit is given to companies to maintain their working capital, whereas overdraft facilities are given to companies and people who want to withdraw more money than their available bank account balance.
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because you are suspected of sending out bulk unsolicited e-mail advertisements, the ftc asks your internet service provider to supply information on what you do in foreign jurisdictions. will you succeed in a lawsuit against your internet service provider for providing such information to the ftc?
No, internet service provider is not providing such information to the ftc because the ISP is shielded from accountability for such behaviour by the US Safe Web Act.
The enforcement of civil (non-criminal) antitrust legislation and the promotion of consumer protection are the primary responsibilities of the Federal Trade Commission (FTC), an independent body of the US government.
Together with the Department of Justice Antitrust Division, the FTC is responsible for overseeing federal civil antitrust enforcement. The Federal Trade Commission Building in Washington, DC, serves as the organization's headquarters. In reaction to the monopolistic trust crises of the 19th century, the Federal Trade Commission
Act, which became law in 1914, formed the FTC. Since its founding, the FTC has enforced both the provisions of the FTC Act, 15 U.S.C. 41 et seq., as well as the provisions of the Clayton Act, a significant antitrust act.
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mike is involved in a severe car accident. mike is rendered unconscious as a result of the accident. an ambulance arrives and drives mike's lifeless body to the er. mike makes a full recovery. four months later, he receives a bill from the ambulance service. mike pays the bill. which best explains his business relationship with the ambulance service?
Mike receives a bill from the ambulance service after an accident. He entered into an implied contract with the ambulance service.
Parties thought a contract existed based on activity, or rejecting the contract's existence would bring undue enrichment to one of the parties, therefore an implied contract, which does not have expressly specified terms, is still deemed to exist. There are two types of implicit contracts: implied-in-fact and implied-in-law contracts.
When promises between parties are inferred from their deliberate actions and one party knows—or at the very least has reason to believe—that the other party would view the action as consent or agreement—an implied-in-fact contract is created.
For instance, if a customer accepts the services of a business or purchases goods from that business, they are responsible for paying the reasonable worth of such goods or services (e.g., barbershop, vending machine). Here, the contract was implied between ambulance service and Mike.
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martha, a marketing researcher, is currently analyzing the information collected and determining what possible opportunities it has for management. at which stage of marketing research is she?
Martha, a marketing researcher, is currently analyzing the information collected which reflects that she is at the interpreting information stage of marketing research.
Interpreting information in marketing research helps the company to make effective strategies for sales and consumer satisfaction. It widens the scope of success of the campaigns started by the company.
Marketing data is usually collected by surveys, questionnaires, focus groups, and quantitative measures. The collected data is further researched based on the target that needs to be improved in a product.
The data is objectively reviewed and the marketing researcher provides a report on the product whether it is effective or needs improvement.
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