A wireless phone that uses computer equipment to move a call from one region to another and a network of low-power radio transmitters, each of which covers a separate geographic area (cell). This technology enables widespread portable phone service.
Explain about the cellphone and its unique?
International Mobile Equipment Identity is referred to as IMEI. Each mobile phone has a distinct 15-digit serial number that serves as the device's identity.
Mobile phones are used for many things, including staying in touch with family, conducting business, and having access to a phone in case of an emergency. Some people carry multiple mobile phones, including ones for personal and professional use.
The term "cellular" was chosen to describe the design of a network or wireless towers because the coverage map resembled a collection of biological cells. Eventually, all phones that utilised a similar principle came to be known as "cellular phones" or "cell phones."
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general customs and practices that are found in every culture are called
General customs and practices that are found in every culture are called Cultural universals.
What Are Cultural Universals?Cultural universals are characteristics or patterns shared by all societies on a global scale. These characteristics or patterns frequently center on fundamental human survival.
For instance, funeral rites have evolved across all nations. Some include burying the dead, while others entail burning them, and still, others involve putting the bodies somewhere where animals can forage for them.
Despite their obvious variations, all cultures have certain characteristics known as cultural universals. Family, food, clothing, shelter, language, education, names, and many more cultural universals are further examples. The notion of cultural universals refers to those traits of behavior and values that appear in all cultures and time periods.
Hence, general customs and practices that are found in every culture are called Cultural universals.
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Which of the following represents a primary business activity
Answer:Marketing and Advertising
Explanation:.
what methods can be used to dispose of underapplied or overapplied manufacturing overhead?
Allocating it among work in process, finished goods, and cost of goods sold are methods that can be used to dispose of under applied or over applied manufacturing overhead.
A negative balance in manufacturing overhead indicates that either insufficient or insufficient overhead was applied to the various jobs. More overhead was allocated to jobs than was actually incurred if, at the end of the term, there is a credit balance in manufacturing overhead. This demonstrates how more overhead was used than necessary.
The year-end balance is erased through an adjusting entry, balancing the cost of goods sold since the overhead is first documented in the machine hours account, then applied to the individual tasks, tracked through completed goods inventory, and finally transferred to cost of goods sold. Manufacturing overhead is under applied if there is a debit balance, which understates the cost of items sold as a result.
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What is a key requirement of a savings plan?
The key requirement of a savings plan includes financial inventory.
What is a savings plan?A savings plan is described as a financial instrument that allows an individual to set and have secure long-term as well as short-term financial objectives. It is important to mention that a savings plan is an effective way to invest money into different disciplines to receive steady returns in the future.
The important requirement of a savings plan is the financial inventory. A financial inventory includes a list of all the liabilities and assets that are important for financial planning. The assets can include the money left in the savings account, and cash in hand. The liabilities can include loans, medical bills, and debts.
It can be concluded that the key requirement of a savings plan includes financial inventory.
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Which best reveals the theme that joy comes from within? how can you make a person happy against his will
The detail that shows us that Joy comes from within would be how can you make a person happy against his will?
What is Joy?This is the term that is sued to refer to the inward feelings that a person would have that shows that they are in a state of great happiness. This is a positive feeling.
The summary of the excerpt that we have here is telling us about the narrator who is talking about the visitors that he had received. According to him, the visitors did not appear to be very happy since they did not show like people that were enjoying themselves.
The way that this is shown is from the question that the narrator went on to ask. According to him, how was it possible to make a person happy when they did not want to be happy?
Hence we can see that if a person wants to be happy, they would be the ones that would have to make this choice and do all that would have to do with acting towards achieving the feeling of happiness.
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Complete question
Which detail best reveals the theme that joy comes from within?
(24) Everybody, it is true, would not like it, and I had some visitors here a fortnight ago who left after staying about a week and clearly not enjoying themselves. They found it dull, know, but that of course was their own fault, how can you make a person happy against his will?
options :
1. everybody, it is true, would not like it
2. clearly not enjoying themselves
3. they found it dull
4. how can you make a person happy against his will?
Type the correct answer in the box. Spell all words correctly.
Identify the marketing positioning in play in the given scenario.
Ted runs a successful cafeteria where he serves pies and coffee. His aim is to serve the world’s best pies that remind his customers of the kind of pies they used to have in their childhood. His thinks of a tagline called “Pies that take you home”.
Ted’s tagline is a , which communicates the brand’s promise to its customers.
The marketing positioning in play is the tagline. Since Ted thinks of a tagline called “Pies that take you home”. Ted’s tagline is a advert. (brief phrase), which communicates the brand’s promise to its customers.
What is a brand promise tagline?The tagline's image conveys to customers the promise made by the company. When consumers connect with a brand, a brand promise outlines what they can anticipate from it each time.
Note that the tagline is a succinct statement that conveys the values of a company. To leave a lasting impression on customers, businesses utilize taglines in marketing campaigns. Without addressing the goods or services they provide, taglines provide consumers with information about the firm as a whole.
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True or False: The digital transformation, climate change and sustainability, pushback on globalization, supplier
infrastructure, and the cost of core technologies are positive events improving supply chains operations.
The answer is false.
What is Digital transformation?
Globally, digital technologies are increasing productivity, disrupting business models and enabling innovations with profound implications for the present and the future of humanity. This digital transformation brings new possibilities;allowing us to measure and track sustainability progress, optimize the use of resources, reduce greenhouse gas emissions and enable a more circular economy.
However, achieving global sustainability is not an inevitable outcome of digital transformation. Accelerating sustainability through digital transformation will not happen without deliberate decisions and actions.
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For each of the following examples, explain whether it is a case of external or internal economies of scale:
a. A number of firms doing contract research for the drug industry are concentrated
in southeastern South Carolina.
b. All Hondas produced in the United States come from plants in Ohio, Indiana,
or Alabama.
MyEconLab194 PART ONE ■ International Trade Theory
c. All airframes for Airbus, Europe’s only producer of large aircraft, are assembled in Toulouse, France.
d. Cranbury, New Jersey, is the artificial flavor capital of the United States.
Whether it is a case of external or internal economies of scale:
A. A number of firms doing contract research for the drug industry are concentrated
Larger changes within the industry lead to external economies of scale, so as the industry expands, the average cost of doing business decreases.
when external economies of scale exist?
External economies of scale take place when an industry as a whole expands and businesses profit from lower long-term average costs. External economies of scale are also known as advantageous external outcomes of industrial development.
An external economy of scale is shared by competitors, internal economies of scale provide larger competitive advantages.
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What is considered earned income
When it comes to defining earned income, it refers to all the income that a person receives from working and this includes earnings from self-employment.
Find out more below.
How to defined earned income?Earned income is the umbrella term that defines all the amounts that people receive when they work including if they work for themselves as entrepreneurs.
This means that Earned income includes things like wages and salaries. It will also include commission earned from selling, and the tips a person gets. Salary bonuses would also count. Earned income is often subject to taxation.
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Demand-pull inflation results from an
increase in prices from higher incomes.
How is this illustrated on a Classical
Model related to aggregate demand?
A. leftward shift in aggregate demand
B. a downward shift in aggregate demand
C. rightward shift in aggregate demand
Demand-pull inflation results from an increase in prices from higher incomes this illustrated on a Classical Model related to aggregate demand Rightward shift in aggregate demand.
What impact does demand-pull inflation have on total demand?When the overall demand rises while the supply stays the same or falls, this is known as demand-pull inflation. Prices for goods and services rise as a result of a lack of supply in response to rising demand.
What effects does demand-pull inflation have on prices?Because the demand curve is shifted to the right by demand-pull inflation, prices are raised. Customers now want more goods and services. Buyers will have to pay more for the restricted supply if supply does not rise in line with demand.
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________ reflects the link between consumers’ demand for a company’s product and the company’s purchase of necessary inputs to manufacture or assemble that particular product.
Derived demand reflects the link between consumers’ demand for a company’s product and the company’s purchase of necessary inputs to manufacture or assemble that particular product.
In economics, derived demand is the desire for a product or service that develops as a result of the need for a comparable or unrelated good or service. When there is a market for both the associated items and services in question, there is a demand for some tangible or intangible product or service. The market price of the derived product might be significantly impacted by derived demand.
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A ___________ is responsible for all debt and is easy to create
A Sole proprietorship is responsible for all debt and is easy to create.
How liable are Sole proprietorships?Sole proprietorships are the most risky type of business to get involved in because the Sole proprietor will be responsible for all the debts that the business incurs. What this means is that if the business is unable to pay off its debts, the creditors are legally able to go after the assets of the Sole proprietor.
The good thing about Sole proprietorships however, is that they are easy to set up or create. The legal requirements governing them are not as stringent.
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John Farrer is a senior executive and a shareholder in Secured Insurance Company Ltd. Part of the company's business is involved in share broking on the JSE Securities. It has come to his attention via a friend, Shore Shrewd that the price of platinum shares is about to escalate in the next few days. Based on this inside information, John buys 1 million shares at the going rate of R1.00 a share in his personal capacity. Two weeks later the platinum shares rocket to R5.20 per share. The Secured Insurance share portfolio strengthens immensely and John personally makes a huge profit.discuss ethical principles that is illustrated in this case
Based on the fact that John Farrer traded on platinum shares on insider information, the ethical principles involved in this case are:
Material nonpublic information Insider trading What is insider trading?Insider trading refers to when a person buys or sells shares of a company based on information from inside the company that would affect the price of that stock.
Insider trading is both illegal and unethical because it puts some people at an unfair advantage over others in the market. The information that a person gets from insider trading can only be considered to be insider trading if the the information acquired was material and yet nonpublic at the time.
John Farrer got some material information because it led to huge profits, and yet it was nonpublic because others did not know it. He therefore acted unethically and engaged in insider trading.
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what is a set of policies, procedures, standards, processes, practices, tools, techniques, and tasks that people apply to technical and management challenges?
Methodology is a set of procedures, policies, practices that people apply to technical and management challenges.
The investigation of research methodologies is the most straightforward definition of methodology. The phrase, however, can also be used to describe the techniques themselves or the philosophical analysis of the supporting premises. A technique is a planned process for achieving a specific objective. This objective is often to generate new information or to validate assertions made by pre-existing knowledge within the framework of research. Typically, this entails a number of stages, including selecting a sample, gathering data from this specimen, and evaluating this data. A thorough description and evaluation of these procedures are part of the study of techniques. It also has evaluative components that involve contrasting various methodologies to determine their benefits and drawbacks in relation to various research objectives and circumstances.
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Suppose an entrepreneur in New Hampshire wanted to expand her supply of maple syrup and maple sugar products to compete with similar businesses in the state. She knows she has to stay within fair market prices, especially since maple products are seasonal. She also wants to appeal to the related economic behavior. How would profit motive impact this entrepreneur’s decisions? Define profit motive and provide at least two examples of the role of profit motive in this type of business.
Companies can market their goods and services more effectively if they understand that many of their decisions are motivated by profit. A company, for example, may demonstrate how their subscription service can save someone time and money, thereby increasing their overall profit.
What is profit motive?The profit motive is the driving force behind businesses that seek to maximize their profits. The ultimate goal of a business, according to mainstream microeconomic theory, is "to make money" - not in the sense of increasing the firm's stock of means of payment, but in the sense of "increasing net worth." The profit motive is an individual's drive to engage in activities that will result in net economic gain. People are induced to invent, innovate, and take risks that they would not otherwise take because of the profit motive. The profit motive is beneficial in business because it motivates leaders to act. Profit motive influences purchasing and can influence supply and demand.To learn more about profit motive, refer to:
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Websites are hosted on a server and each of these servers has its own unique IP address. What does the 'IP' stand for?
A
Internet Position
B
Internet Placement
C
Internet Privatisation
D
Internet Protocol
'IP' stand for Internet Protocol.
Internet Position : This is not a general concept. However, it is mainly used by his ISP service. The towers seen in our city work with Internet locations. Mobile phones get better network speeds depending on their internet location.
Internet Placement: This means turning on airplane mode will change your mobile IP. This is why it is published online. This process runs when you turn off your phone.
Internet Privatisation : Simply put, privatization of the Internet starts working when you change your DNS servers. When we are private on the internet with a VPN, we are the privatizer of the internet.
Internet Protocol: This is one of the most important things for every website and Internet user. Anyone who connects to the internet on their device has an IP address. Simply put, an internet-connected device provided a specific IP. The website also has its own IP. Because of this, you can access the Internet.
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Question 16 of 30 < > View Policies Current Attempt in Progress Sheridan makes child-size backpacks for a total cost of $10 per unit ($6 per unit variable cost and $4 per unit fixed cost) and a unit selling price of $15. The company has been recently contacted by a local nonprofit to make the 580 child-size backpacks for a unit selling price of $10 per unit. Sheridan currently has available capacity to make and sell the 580 units without adding additional production capacity. What should Sheridan do regarding the special order proposal from the local nonprofit and why? -/1 E O Accept the special order since it is being performed for a nonprofit cause, and the $5 loss can be written off as a charitable contribution. O Reject the special order since the company would lose $5 per unit. O Accept the special order since it will increase operating income by $2320 or $4 per unit for 580 units. O Reject the special order since the special-order price is equal to the total cost to make. Save for Later Attempts: 0 of 1 used Submit Answer
Sheridan should reject the special offer because the special order price is equal to the total cost to make.
What is a non-profit organization?A non-profit organization is described as an organization that does not operate with the intention of earning profit. Instead, the organization works for a cause with dedication, and it can be any social cause.
In this scenario, Sheridan generates $5 by selling every child-sized backpack it makes. It is important to highlight that the variable cost is $6 and the fixed cost is $4. Hence, the $5 profit is essential because Sheridan is not a non-profit company. Sheridan does require a $5 profit on every product to operate sustainably. However, the offer from the non-profit organization does not allow Sheridan to earn any profit on the order of 580 backpacks.
It can be concluded that Sheridan should reject the special offer because the special order price is equal to the total cost to make.
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MBSC has noticed several new trends in strength and
conditioning. Often, MSBC has implemented the trend
before clients even have a chance to ask about it. This
demonstrates which advantage of small business?
Oa. Ability to adapt to change
Ob. Independence
Oc. Simplified record keeping
Od. Personal relationships with customers and employees
Due to a lack of government regulation, a sole proprietorship is the simplest type of business to establish or dissolve. As a result, these types of businesses are extremely popular among sole proprietors, individual self-contractors, and consultants.
MSBC has implemented the trend before clients even have a chance to ask about it. This demonstrates Ability to adapt to change.
Why is sole proprietorship the easiest business?Due to a lack of government regulation, a sole proprietorship is the simplest type of business to establish or dissolve. As a result, these types of businesses are extremely popular among sole proprietors, individual self-contractors, and consultants.The legal control over a business is referred to as business ownership. It gives the owner the legal authority to direct business operations and transactions. There are six major business ownership structures, which are as follows: Single-person businesses. Partnerships.Risk and reward - A sole proprietor has complete control over their company's profits and losses. Control - A sole proprietorship's rights and responsibilities are solely with its owner. Without prior permission, no one else may interfere with a sole proprietor's business activities.To learn more about : proprietorship
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Franklin was a reporter working for the New York Journal in 1894. His boss William Randolph Hearst wanted to create the most scandalous content for readers to sell more papers. What story was he most likely to have Franklin report on?
A.
the outcome of the Yankees vs. Louisville Colonels baseball game
B.
rumors about plots to sink a US battleship in Cuba
C.
President Cleveland’s latest address
D.
a burglary in Manhattan
William Randolph Hearst wanted to create the most scandalous content for readers to sell more papers. He was most likely to have Franklin report on rumors about plots to sink a US battleship in Cuba.
What is the work of a reporter?The following are some of the duties of a reporter: gathering, verifying, and in-depth analysis of newsworthy information. assembling data into a believable narrative. Keeping the reader's viewpoint in mind when writing and delivering news reports.
Sensationalist reporting and self-promotion are hallmarks of yellow journalism. Yellow journalism is credited to Joseph Pulitzer, publisher of the New York World, and William Randolph Hearst, proprietor of the New York Journal.Men like Joseph Pulitzer of the New York World and William Randolph Hearst, owner of The New York Journal, engaged in a circulation war and saw the struggle as a strategy to boost sales of their publications.Numerous publications published sensationalist pieces and dispatched reporters to Cuba to cover the conflict.The war was very beneficial to newspaper proprietors because more people began reading them, and newspapers are a money-making enterprise just like any other news source.Therefore, the correct answer is, 'rumors about plots to sink a US battleship in Cuba'.To learn more about reporter, refer to:
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If the marginal propensity to save (MPS) is 0.25,
Instructions: Round your responses to two decimal places.
a. the marginal propensity to consume (MPC) is
b. the multiplier is
The marginal propensity to consume (MPC) is 0.75 and the multiplier is 1.33.
What is MPS and MPC?In economics, the marginal propensity to save means the fraction of each additional (marginal) dollar of disposable income not spent on consumption. MPS = (1 - MPC)
Also, the marginal propensity to consume means the fraction of each additional (marginal) dollar of disposable income spent on consumption. MPC = (1 - MPS).
If MPS equals 0.25:
MPC = 1 - 0.25
MPC = 0.75
Multiplier = 1 ÷ (1 - MPC)
Multiplier = 1 / (1 - 0.25)
multiplier = 1.33333333333.
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You can hire 0, 1, 2, or 3 workers. If you hire 0, you produce $0 of output. If you hire 1 worker, your revenue (total value product) is $30. If you hire 2 workers, your revenue (total value product) is $50. If you hire 3 workers, your revenue (total value product) is $60.
What is the marginal value product of the 3rd worker?
What is the profit-maximizing number of workers to hire when the wage is $15?
Given your answer to the last question, what is the most profits you can make from hiring?
When marginal revenue equals marginal cost, or when MR = MC, a fully competitive firm will make the decision that will maximize its profits.
How do you determine how many employees you need to hire?
You should be able to create statistical data related to your industry that enables you to quantitatively determine when hiring new employees is necessary. To make this computation simple, divide your annual revenue by your average annual employee count, then multiply the result by 12 months.
How do you figure out how many workers to hire in order to maximize profit?
The change in your company's total cost (TC) caused by hiring an additional employee is known as the marginal resource cost (MRC): MRC = TC/L. Since you can hire as many employees as you like at the going rate, MRC = Wage. An employer should hire the number of employees at which MRP = MRC in order to maximize profits.
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Name and explainations of 2 CSR/CSR initiatives that Woolworths carries out
Woolworths introduced The Good Business Journey in 2007 as a long-term initiative as part of their corporate social investment (CSI) plan. My Village My School Woolworths' educational program, etc.
What are CSR initiatives ?Woolworths is also funding a trial program for nutrition and a WASH (water, sanitation, and hygiene) program.
The program trains community members who volunteer to handle food in the safe and hygienic preparation of nutritious lunches for kids.
According to Schreuder, Woolworths has been successful in providing high-quality goods, convenience, and quick service while rapidly growing, including a growing presence in gas station forecourts.
This demonstrates that, when given the option, people are willing to pay extra for high-quality goods.
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Classify each of the following businesses as either Physical or Digital.
A. An online store that dropships camping gear
B. A bookstore on Amazon that sells eBooks
C. A bakery in your community
D. A hair salon that makes appointments online
An online store that drop-ships camping gear is a digital business, a bookstore on Amazon that sells ebooks is a digital business, A bakery in your community is a physical business, and a hair salon that makes appointments online is a physical business.
What is a physical and digital business?A physical business is described as a form of business in which customers need to visit a store or a place to receive a service or make a purchase. Whereas, a digital business is described as a form of business in which customers can purchase any product or service online (internet) without going to a physical store.
Statement A and statement B are digital business because it does not have a physical store where a customer needs to visit to make a purchase. Rather, the seller just delivers the product to the customer.
Statement C and statement D are physical businesses because both have a physical store, these business sells or offer their services to their customer. The presence of a physical store/hair salon justifies the physical nature of the business.
It can be concluded that an online store that dropships camping gear is a digital business, a bookstore on Amazon that sells ebooks is a digital business, A bakery in your community is a physical business, and a hair salon that makes appointments online is a physical business.
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Answer:
A. An online store that dropships camping gear - Digital
B. A bookstore on Amazon that sells eBooks - Digital
C. A bakery in your community - Physical
D. A hair salon that makes appointments online - Physical
Explanation:
Common Sense
growing pains can arise from implementing a matrix organization due to
Growing pains arise from implementing matrix organizational structure due to the long lead time of implementation.
Project planning and functional management are two or several of the organization design types that constitute the matrix organizational structure. The matrix structure also includes extra managers who can oversee personnel from several divisions in addition to the traditional management hierarchy wherein personnel are managed by a manager. On a grid or matrix, these two or even more management systems overlap.
Businesses that are required to handle current projects alongside everyday activities may typically employ the matrix organizational structure. It may help a company to keep its departmental organization while projects are underway. Personnel from several departments may also participate in the matrix organizational structure and work together on projects.
The complete question is here:
Growing pains can arise from implementing a matrix organization due to--------.
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Which of the following is a term used to describe service providers and organizations that put their customers first and spend time, effort, and money identifying and focusing on the needs of current and potential customers?
Customer Centric is a term used to describe service providers and organizations that put their customers first and spend time, effort, and money identifying and focusing on the needs of current and potential customers.
A customer-centric way of doing commercial enterprise is centered on offering superb client revel before and after the sale so as to drive repeat enterprise, decorate purchaser loyalty, and enhance business growth. However, a customer-centric corporation calls for greater than imparting appropriate customer support. Each Amazon and Zappos are high examples of manufacturers that are purchaser-centric and have spent years growing a way of life around the patron and their needs. Their commitment to turning in customer prices is proper. In fact, Zappos is satisfied with fireplace employees in the event that they no longer suit their purchaser-centric tradition.
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A plant asset can be defined by which of the following statements?
a. Its original cost is expensed in the period in which it was purchased.
b. It is a tangible long-term asset.
c. It is reported on the balance sheet.
d. Its cost (minus any salvage value) is gradually reported as expenses over its useful life.
Plant assets are long-term assets that are included on the balance sheet and support revenue generation for the company. The right responses are (b), (c), and (d).
The four assertions in the question will define the plant asset.
-Over the course of its useful life, its initial cost (less any salvage value) is gradually expensed.
It lasts for more than a year at the company.
On the balance sheet, it is detailed.
It is a real asset with a long life.
Long-term physical resources used by a business to manufacture or provide services and goods are called plant assets. These tangible goods and services are anticipated to bring a business financial benefits for longer than a year. Any asset that may be used to generate the company's revenue is considered a plant asset.
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The question was incomplete. Check below the full question.
A plant asset can be defined by which of the following statements? (Check all that apply.)
Its original cost (minus any salvage value) is expensed over its useful life.It has a life within the business greater than one year.Its original cost is expensed in the period in which it was purchased.It is reported on the balance sheet.It is a tangible long-term asset.Draw a graph that demonstrates the difference between simple and compound interest.
Calculate the returns on a $100 investment that grows by 10% annually for 10 years with both simple and compound interest.
Using simple and compound interest, the returns of a $100 investment that grows by 10% annually for 10 years are given by:
Simple interest: $200.Compound interest: $259.Simple InterestSimple interest is used when there is a single compounding per time period, usually measured in years.
The balance of the account after t time periods in is modeled by:
A(t) = A(0)(1 + rt)
In which:
A(0) is the initial amount.r is the interest rate, as a decimal.In the context of this problem, the parameters are given as follows:
A(0) = 100, r = 0.1, t = 10.
Then the balance after 10 years will be of:
A(10) = 100(1 + 0.1 x 10) = $200.
Compound interestConsidering a single compounding, the balance in compound interest will be given by:
[tex]A(t) = A(0)(1 + r)^t[/tex]
Hence:
[tex]A(10) = 100(1.1)^{10} = $259.
The graph given at the end of the answer shows both cases, with the compound interest balance increasing faster, as the change is exponential relative to the previous balance, while for simple interest the change is linear and always relative to the initial balance.
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in which ways is the house ways and means committee (a standing committee) comparable to the joint committee that deals with taxation?
A permanent body created in accordance with the Senate's standing rules, a standing committee focuses on a specific topic area. Both houses of Congress are represented on joint committees on taxation.
The Joint Committee on Taxation is actively involved in all phases of the tax legislative process, such as: helping Congressional tax-writing committee and Members of Congress with the formulation and analysis of legislative ideas; preparing official revenue estimates for all tax legislation that is being considered by the Congress; writing legislative history for tax-related measures; and conducting different investigations into the Federal tax system.
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Each individual has a dominant communication social style, based on analysis of which two dimensions
The D personality style is described as being direct and decisive, or even dictatorial. They prefer managerial and leadership positions and prefer to take the initiative than follow.
What is a dominant person like?Goal-oriented, forceful, and competitive personality types are dominant. Results matter more to them than close friendships. If you follow through on your commitments, even if they don't send you a holiday card, your company relationship will remain positive. The bottom line is extremely important to dominators.
Instead of avoiding others, dominant-style communicators frequently disclose their opinions, the best way to complete a task, and what other people are doing incorrectly—even when their counsel may not be welcomed.
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in the case discussing the electric car industry, which pestel factor is highlighted as the most important factor favoring a startup firm such as tesla, inc.?
The Pestel factor that is highlighted as the important factor which can favor a startup firm is the technological factors.
A PESTEL analysis is a method or methodology used by marketers to monitor and analyse the macro-environmental aspects that have an impact on an organisation, firm, or industry. It investigates the Political, Economical, Social, Technical, Environmental, and Legal elements in the external environment. The threats and weaknesses used in a SWOT analysis are found through a PESTEL study. A country's political climate, technological advancements, environmental considerations, the legality of acts, economics, and social factors are all crucial. Organizations use the PESTLE analysis economic tool because they are aware of this phenomenon. Technological factor is also very important
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