Input method and Output method are the two method can be used to estimate progress toward completion for the purpose of recognizing revenue over time.
What is Output method?The Output method measures results as control of easily measurable and observed commodities or services is transferred in comparison to the total estimated outputs needed to execute the contract.It focuses on the direct value transferred to a client. Achieved milestones may be included in the outputs. The contractual power to invoice may occasionally be utilized as a practical shortcut to recognize revenue. Correlating revenue recognition with actual, meaningful contract performance is the goal.To learn more about Output method with the given link
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Fine properties, inc. , negotiates with general maintenance corporation to include a liquidated damages clause in their contract. To be enforceable, at the time of the contract, an estimate of the damages from a breach must be.
Fine Properties, Inc. negotiates with General Maintenance Corporation to include a liquidated damages clause in their contract. To be enforceable, at the time of the contract, an estimate of the damages from a breach must be: difficult
What Are Liquidated Damages?
A liquidated damages clause specifies a predetermined amount of money that must be paid as damages for failure to perform under a contract. The amount of the liquidated damages is supposed to be the parties' best estimate at the time they sign the contract of the damages that would be caused by a breach. If a breach occurs and the liquidated damages clause is enforceable, the parties do not calculate the actual damages (i.e., how much money a party actually lost as a result of the breach). Instead, the breaching party pays the predetermined sum provided by the liquidated damages provision.
How to set liquidated damage amount :
liquidated damages provisions are enforceable only if the damages are difficult to estimate, which makes it challenging to set an amount in the contract. Each party should make an effort to provide a rough estimate of how much money a breach would cost their business and negotiate an amount that is fair to both parties. If your contract concerns a long-term project, such as a construction contract, consider a liquidation provision that sets a fee for each day the completion of a project is past due.
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What kind of knowledege must central planners possess to manage an economy efficiently?
According to Friedrich Hayek’s knowledge argument, central planners will need the knowledge relevant to making distributional decisions to manage an economy efficiently.
What are the main characteristics of a centrally planned economy?
The ownership, sovereign decision-making, pricing, distribution, production, economic decision-making, incentives, and political control characteristics of centrally planned economies are as follows: Ownership: Centrally planned economies lack private ownership.
How do centrally planned economies prioritize economic goals?
Priorities for the production of all commodities and services are determined by the central plan. This covers pricing caps and quotas. The objective is to provide everyone in the nation with enough food, housing, and other necessities. National priorities on matters like mobilizing for war are likewise established by the central plan.
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The consumption function shows the relationship between consumption spending and.
The consumption function shows the relationship between consumption spending and Gross national income.
What is a consumption function?A British economist, John Maynard Kenes introduced the consumption function. It is an economic formula that shows the relationship between consumption spending and Gross national income.What is Gross national income? It was earlier known as the Gross national product. It is like an alternative to the GDP.It refers to the total amount of money earned by the people of a nation and the businesses.The formula used to calculate the GNI is represented as: GNI = C + I + G + X + NFFI It is important to know the GNI because the government needs to be aware about the economics of the nation in order to implement and make policies.To learn more about the consumption spending visit : https://brainly.com/question/14318327?
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When the symbolic meaning behind a brand ties individuals to the brand community, interactions between the customers and the product lead to ______________________.
When the symbolic meaning behind a brand ties individuals to the brand community, interactions between the customers and the product lead to "a sense of identity and inclusion".
What is brand communities?Brand communities are incredibly useful tools for marketing, managing innovation, and managing consumer relationships. Applying effective marketing techniques, meanwhile, also requires examining and taking advantage of the previously untapped potential of social distributed systems.
Some characteristics of brand communities are-
In order to better understand the existence, operation, and various sorts of brand engagement within social networks, this study merges these two sociological trends that have typically been studied independently.By combining two distinct research streams, the netnographic approach provides clear evidence of this existence, allowing for a better understanding of these embedded brand engagement, their quirks, and the motivational factors that influence participation. As a result, the results add to theory. Brand management can now implement strong brands with less time and money invested thanks to the benefits of social networks, but choosing the right type of brand community, encouraging consumer interaction, and monitoring this social contact are crucial steps to achieving expected brand outcomes.To know more about brand community, here
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What are the three broad types of economic systems?multiple select question.pseudo economycivil economymixed economycommand economymarket economy
The correct answer is (c) command economy.
An economic system known as a command economy is one in which the means of production are owned by the government and economic activity is governed by a central organization that sets quantitative production targets and distributes raw materials to productive businesses.
As an alternative, a command economy is one in which all factors of production are controlled by a centralized government that controls most, if not all, firms. Command economies can be seen in the former Soviet Union, North Korea, and East Germany.
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Which categories would be the most relevant in the personal inventory brainstorming technique?
Hobbies and beliefs would be the most relevant in the personal inventory brainstorming technique.
Making a list of your experiences, interests, hobbies, skills, beliefs, etc. is part of this brainstorming technique. No matter how unimportant you may believe the subject is, jot down anything that comes to mind.
Aiden might begin his creative process by making an inventory of his possessions. A personal inventory is a compilation of information that is unique to you, such as your experiences, interests, hobbies, skills, beliefs, and family interests. This method may have previously been employed by Aiden to come up with his topic, tornadoes.
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What factors are used in the rule-of-thumb methods to determine the communication budget?.
Rule of thumb methods use two factors to determine the communication budget. These factors are prior sales and communication activities. These methods have several limitations but they are also easy to implement.
What are prior-sales activities?These activities are also called the pre-sales activities and they are the ones which are performed before any product is sold to the customer.These activities include product research, market research, analysis of data and customer proposals etc…communication activities mainly include training the salesperson in a way that he can easily persuade the customer and explain the product content nicely.These activities can be of verbal and non-verbal kind. Example: sales pitch, e-mails, calls etc.To learn more about Rule-of-thumb visit: brainly.com/question/607952?
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If the federal government's tax revenues are greater than its outlays, then the federal budget has a?
If the federal government's tax revenues are greater than its outlays , then the federal budget has a surplus.
Surplus is defined as →
For any given year, the federal budget deficit is the amount of money the federal government spends (also known as outlays) minus the amount of money it collects from taxes (also known as revenue). If the government collects more revenue than it spends in a given year, the result is a surplus rather than a deficit.
When the economy is weak, people’s incomes decline, so the government collects less in tax revenue and spends more on economic security programs such as unemployment insurance or food assistance. This is one reason that deficits typically grow (or surpluses shrink) during recessions. Conversely, when the economy is strong, deficits tend to shrink (or surpluses grow).
Federal government →
A federal government is one in which powers are divided between the national government and the regional governments by the Constitution itself and both operate in their respective jurisdictions.
The federal features of the Constitution of India are:
Dual Polity: The Constitution establishes a dual polity consisting the Union at the Centre and the states at the periphery. Each is endowed with sovereign powers to be exercised in the field assigned to them respectively by the ConstitutionWritten Constitution: It specifies the structure, organisation, powers and functions of both the Central and state governments and prescribes the limits within which they must operate. Thus, it avoids the misunderstandings and disagreements between the twoDivision of Powers: The Constitution divided the powers between the Centre and the states in terms of the Union List, State List and Concurrent List in the Seventh ScheduleSupremacy of the Constitution
The Constitution is the supreme (or the highest) law of the land. The laws enacted by the Centre and the states must confirm to its provisions.
Thus, the organs of the government (legislative, executive and judicial) at both the levels must operate within the jurisdiction prescribed by the Constitution
Independent Judiciary: The Constitution establishes an independent judiciary headed by the Supreme Court to settle the disputes between the Centre and the states or between the states
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You have an upstream picking department that feeds two downstream packing departments: pack singles and pack multis. those packing departments feed to a shipping department that loads the outgoing trucks. 30% of your pick volume goes to pack singles and has a packing rate of 171 units per labor hour (uph). 70% of the pick volume goes to pack multis and has a pack rate of 266 units per labor hour. your pickers pick both single and multi items throughout the day at an overall average rate of 114 units per labor hour. all units that are packed in both processes go through the ship process at a rate of 570 units per hour. you have 102 people today for all 4 departments and you absolutely must pack 47,880 units in pack multis items to meet a customer promise metric. the ops manager for the shift started building the plan but was called away. you have to finish it. he correctly allocated labor to the pack singles before he was called away. how do you allocate the remaining labor to balance the flow in your department if you work a 10 hour shift
Those packing departments feed to a shipping department that loads the outgoing trucks.
What is shipping department?a company department in charge of scheduling, receiving, registering, and sending commodities shipments
Shipping specialists are in charge of receiving, tracking, and shipping orders to customers, as well as ensuring that things reach on time and to the correct individual. They also employ radio frequency identification to scan barcodes for accurate and complete inventory recording.
Shippers and receivers transport components, supplies, materials, equipment, and stock to and from a location. Retail and wholesale firms, manufacturing companies, and other commercial or industrial establishments employ them.
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Management's attitude toward aggressive financial reporting and its emphasis on meeting projected profit goals most likely would significantly influence an entity's control environment when?
Management's attitude toward competitive financial reporting and its emphasis on assembly projected earnings goals maximum probable might drastically have an impact on an entity's manage environment whilst: management is dominated via one character who's additionally a shareholder.
Management is chargeable for the integrity and objectivity of the records in those monetary statements. some of the statistics in the financial statements is based on management's best estimates and judgment and offers due consideration to materiality.
Management's philosophy and operating style include management's attitudes toward the company goals, the approaches to minimize the business dangers and mindset towards inner controls over economic reporting.
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A form used to organize and check data before preparing financial reports is known as a(n)?
A form used to organize and check data before preparing financial reports is known as Worksheet.
An accounting worksheet is a record used in the accounting department to research and version account balances. A worksheet is useful for making sure that accounting entries are derived efficiently. it is able to additionally beneficial for tracking the adjustments to an account from one length to the next.
it's far a tool used for clean coaching of changing entries and financial statements. The worksheet is a multi-column sheet or a computer spreadsheet wherein the accountant writes, in short, information vital for the education of changing entries and financial statements.
Benefits of using Worksheet- Aids in the education of financial statements. - link bills and adjustments to their effect on financial statements. -enables in making ready period in-between (monthly and quarterly) financial statements when journalizing adjusting entries is postponed till year-give up.
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Costs that have already been incurred and cannot be avoided regardless of what a manager decides to do are ______ costs.
A sunk cost is a cost that has already been incurred and cannot be changed regardless of what a manager decides to do.
What is a Sunk cost ?
A sunk cost refers to money that has already been spent and cannot be recovered. In business, the axiom that one has to "spend money to make money" is reflected in the phenomenon of the sunk cost. A sunk cost differs from future costs that a business may face, such as decisions about inventory purchase costs or product pricing. Sunk costs are excluded from future business decisions because they will remain the same regardless of the outcome of a decision.
Brief of Sunk cost :
A sunk cost refers to money that has already been spent and cannot be recovered. A manufacturing firm, for example, may have a number of sunk costs, such as the cost of machinery, equipment, and the lease expense on the factory. Sunk costs are excluded from a sell-or-process-further decision, which is a concept that applies to products that can be sold as they are or can be processed further.
When making business decisions, organizations should only consider relevant costs, which include the future costs that still needed to be incurred. The relevant costs are contrasted with the potential revenue of one choice compared to another. To make an informed decision, a business only considers the costs and revenue that will change as a result of the decision at hand. Because sunk costs do not change, they should not be considered.
Example of Sunk Costs :
Assume that XYZ Clothing makes baseball gloves. It pays $5,000 a month for its factory lease, and the machinery has been purchased outright for $25,000. The company produces a basic model of a glove that costs $50 and sells for $70. The manufacturer can sell the basic model and earn a $20 profit per unit. Alternatively, it can continue the production process by adding $15 in costs and sell a premium model glove for $90.
To make this decision, the firm compares the $15 additional cost with the $20 added revenue and decides to make the premium glove in order to earn $5 more in profit. The cost of the factory lease and machinery are both sunk costs and are not part of the decision-making process.
If a sunk cost can be eliminated at some point, it becomes a relevant cost and should be a part of business decisions about future events.
If, for example, XYZ Clothing is considering shutting down a production facility, any of the sunk costs that have end dates should be included in the decision. To make the decision to close the facility, XYZ Clothing considers the revenue that would be lost if production ends as well as the costs that are also eliminated. If the factory lease ends in six months, the lease cost is no longer a sunk cost and should be included as an expense that can also be eliminated. If the total costs are more than revenue, the facility should be closed .
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Heightened concern with fitness might be a threat to some companies and an opportunity to others. In the SWOT framework, these are ________ environmental factors.
The growing interest in fitness could be a threat for some companies and an opportunity for others. In the SWOT framework, these are external environmental factors.
The external environment, also known as the macro environment, is beyond the control of any single organization. Factors such as competition, market, economy, demographics, and environmental factors all influence an organization's external environment.
Customers, competition, economics, technology, political and social conditions, and resources are common external factors that affect an organization.
External environmental factors include economics, technological change, regulation, competition, and socio-economic factors. Multiple areas within an organization influence HR activities such as top management, organizational strategy, culture, technology, structure, and size.
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Over the last several decades, power in supply chains has increasingly been shifting to?
Over the last several decades, power in supply chains has increasingly been shifting to retailers.
A retailer, sometimes known as a merchant, is a business that sells products directly to customers, such as groceries, vehicles, or apparel, with the intention of making a profit. This business may run both online and in a physical location.
The supply chain's consumer-facing component is represented by retailers, with whom most consumers have regular interactions. They are available in numerous varieties, designs, and sizes.
A producer, wholesaler, or another distributor often sells their products to retailers, who subsequently resale them to the general market. Large retailers like Walmart and Target acquire products in bulk from producers or wholesalers, but local grocers or tiny, family-run pharmacies can also buy from these places or from smaller suppliers.
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Abc assumes all costs in a ________ can be grouped together because they all impact the activity.
Abc assumes all costs in a cost pool can be grouped together because they all impact the activity.
A cost pool is a group of accounts used to describe the cost of goods and services that can be allocated within a manufacturing or business organization.
The pool's basic idea is to link direct and indirect costs to a given cost driver in order to calculate the entire cost of expenses associated with a product's manufacturing.
The majority of businesses opt to create numerically based sequences that can subsequently be allocated to the appropriate project, however, the precise building cost pools vary.
A single cost pool will often contain up to 10 digits in the sequence, with specific sets of those numbers being utilized to refer back to the project or another object.
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Un a supermarket, a vendor's restocking the shelves every monday morning is an example of?
In a supermarket, a vendor's restocking the shelves every Monday morning is an example of fixed order interval.
The situation where an inventory item has independent demand and orders are placed on a constant time period basis is referred to be an FOI system, also known as a periodic review system.
A technique for inventory control is the Fixed Order Interval System. The inventory model also goes by the name fixed reorder cycle. By monitoring the product demand in this, a set interval is formed. It is employed to control the raw material supply. Many businesses utilize the fixed order quantity system because it reduces reorder errors, effectively manages storage space, and avoids wasteful blocking of funds that may be used elsewhere.
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A currency used as an intermediary to convert funds between two other currencies in the foreign exchange market is called a ________
A currency used as an intermediary to convert funds between two other currencies in the foreign exchange market is called a vehicle currency.
A currency is the standardization of cash in any form, in use or flow as a medium of exchange, for example, banknotes and coins. An extra preferred definition is that forex is a device of cash in commonplace use inside a specific environment over time, especially for humans in a country kingdom.
Currency conversion prices fluctuate among agencies as every enterprise manipulates the interbank price to make an income. that is typically completed on extent; the higher the volume, the nearer you get to the interbank price. We come across lots of competition that publish interbank quotes online as bait to hook new clients, however, once clients are onboard, they change the rate extensively, no longer normally inside the customers' favor.
Any shape of cash this is authorized by means of the government and utilized by the public for buying and selling is called currency. it could be smooth cash in the form of rupees or tough cash in the shape of cash. each united states of America have its own currency. For instance, the foreign money of India is Rupees.
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A skill you will use in your writing, way of thinking, evaluating conversations, and in daily encounters with others is?
A skill you will use in your writing, way of thinking, evaluating conversations, and in daily encounters with others is communication skill.
Communication is the act of transferring information from one place to another. It can be done vocally i.e by using voice, written by using printed or digital media such as books, magazines, websites and emails, visually by using logos, maps, charts or graphs or can be non-verbally by using body language, gestures and the tone and pitch of voice.
Communication skills may take a lifetime to master in it. There are many things that you can do easily to improve your communication skills and ensure that you are able to transmit and receive information effectively.
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If an organization allows byod, how can employees make sure that their device is secured?.
What is BYOD Security?
Bring your own device (BYOD) means that employees use personal devices to connect to an organization’s network, accessing work-related systems and possibly, sensitive data. Personal devices may include smartphones, personal computers, tablets or USB drives.
According to several studies, well over 50% of organizations and over 70% of employees use personal devices at work, and these numbers are rapidly growing. This means BYOD security is top of mind for IT and security leadership.
Personal devices are more likely to be used to break into corporate networks, whether or not they are approved by IT, because they are less secured and more likely to contain security vulnerabilities compared to corporate devices. Therefore, it is critical to understand and address BYOD security for organizations of all sizes.
How would you secure BYOD devices?
Make passwords compulsory on all BYOD devices. ...Create a blacklist of prohibited applications. Restrict data access. .Invest in reliable security solutions for devices.Backing up device data. Educate your staff about security.Learn more about BYOD :
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Name one of the three different levels at which an organization can be diagnosed?
Three different levels at which an organization can be diagnosed are Organizational, Group and Individual.
In the organizational level three faces are considered which includes the Inputs, outputs and the system designs. This creates a process through which the organization arrive at its goals.
The second level of the diagnosis is the group level diagnosis.In this level of diagnosis the focus is on the input of the organizational design.
Third level of diagnosis is at the individual level. Individual jobs have specific designs to accomplish individual goals which are required to be performed for a certain process.
An organization is an open system in which different ways of the environment impact the organizations in many ways.
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The payments received from a bond can be used to determine a bond's theoretical market price by:______.
The payments received from a bond can be used to determine a bond's theoretical market price by taking the present value of the payments and adding them up.
What is a Present value?
Given a certain rate of return, present value (PV) is the current worth of a future financial asset or stream of cash flows. The discount rate determines how much future cash flows are discounted, and the higher the discount rate, the lower the current value of those future cash flows will be. The secret to accurately valuing future cash flows, whether they be earnings or debt obligations, is choosing the right discount rate.
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Would the effect on aggregate demand be larger if the federal reserve held the money supply constant in response, or if the fed were committed to maintaining a fixed interest rate?
The increase in government spending will have a larger effect on aggregate demand and would be larger if the Fed were committed to maintaining the fixed interest rate since in this case the negative crowding out effect would be compensated for.
A fixed interest rate is an unchanging fee charged on legal responsibility, such as a loan or mortgage. it might follow during the complete time period of the mortgage or for simply a part of the term, however, it stays the same in the course of a set period.
A fixed interest rate mortgage is a mortgage in which the interest price would not differ all through the constant charge period of the mortgage. This lets the borrower to as it should be are expecting their future payments. Variable fee loans, by way of comparison, are anchored to the prevailing bargain fee.
A set interest price is a price that doesn't alternate at some stage in your mortgage, or at least for a particular length. united kingdom banks frequently appoint fixed interest costs for mortgages and financial savings money owed. as an example, banks will provide a 5% constant hobby charge in your savings for 365 days, which then drops to at least one% or much less.
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Suppose buyers of rackets and tennis balls regard the two goods as complements. then an increase in the price of rackets will cause a(n)?
Answer: decrease in demand for rackets and a decrease in quantity supplied of tennis balls. I hope this helps!!
Explanation:
Before committing to creating a team, the organization should do a __________ analysis to evaluate the work and see if a team is appropriate
Before committing to creating a team, the organization should do a task analysis to evaluate the work and see if a team is appropriate.
A team consists of two or more people who collaborate to achieve a common goal (or goals). If the shared objectives are understood and focus is placed on both interpersonal and task functions, groups can transform into teams.
Each Team is required to establish its own team charter and rules for effective communication. The members decide on the matters that are most crucial for their team's effective communication through debate and negotiation.
The members of the group must decide early on what will be measured during the process. In general, these components are essential for achievement and for the team to function as an effective unit. The traits listed below are present in a successful team.
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Which country spends the largest percentage of its gross national product for health care services?
The country which spends the largest percentage of its gross national product on health care services is the United States of America.
What is the Gross National Product?The gross national product is the total value of goods which are manufactured in a country and the services provided in the country by the citizens of that country during the period of one year. The value of GNP that is a gross national product and is an indicator of the economic condition of a country.
The United States of America spends the highest proportion of its gross domestic product (GNP) on health care services.
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The book the dyslexic advantage appeals to a market of educators, people with dyslexia, their friends, family, and coworkers. this is customer segmentation by __________ factors.
The book the dyslexic advantage appeals to a market of educators, people with dyslexia, their friends, family, and coworkers. this is customer segmentation by psychological factors.
Psychosocial factors are traits or aspects that impact a character psychologically and/or socially. Such factors can describe people in terms of their social environment and the way those have an effect on bodily and mental health.
“Psychosocial” factors such as pressure, hostility, despair, hopelessness, and task control seem associated with physical health—in particular heart sickness. damaging threat profiles in terms of psychosocial elements seem to cluster with a fashionable social drawback.
Purchasers' psychological factors like their emotions, goals, and motivations are critical to consider whilst creating marketing campaigns because such elements pressure customer conduct.
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When interest rates in the market rise, we can expect the price of bonds to ____
When interest rates in the market rise, we can expect the price of bonds to Decrease
What Is an Interest Rate?
The interest rate is the amount a lender charges a borrower and is a percentage of the principal—the amount loaned. The interest rate on a loan is typically noted on an annual basis known as the annual percentage rate (APR).
An interest rate can also apply to the amount earned at a bank or credit union from a savings account or certificate of deposit (CD). Annual percentage yield (APY) refers to the interest earned on these deposit accounts.
Bonds have an inverse relationship to interest rates. When the cost of borrowing money rises (when interest rates rise), bond prices usually fall, and vice-versa.
At first glance, the negative correlation between interest rates and bond prices seems somewhat illogical.
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When demand for component parts is tied to demand for the finished part, we have ___ demand.
The correct option is D.
Depended demand
What is Dependent Demand?Component parts, raw materials, or subassemblies are all examples of dependent demand. This desire is dependent upon the demand for a parent item, which is often a product, before it may exist.
What is dependent demand in inventory management?Dependent demands are those where the need for an item's inventory is dependent on the need for another item. It is possible to refer to raw material and component inventories as dependent demand inventories since they depend on the demand for finished goods.
Demand is based on supply and demand if the market for the finished good depends on the market for the component parts
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Carrie billed her legal clients $6,000 for legal work completed during the month. This
transaction will
not be recorded until the cash is collected.
O cause a $6,000 increase in assets and revenues.
cause a $6,000 increase in revenues and liabilities.
cause a $6,000 increase in revenues and a decrease in liabilities.
The fact that Carrie billed her legal clients an amount of $6,000 for legal work means that the transaction will cause a $6,000 increase in assets and revenues.
What is the effect of service revenue?When a person receives service revenue like Carrie did when she billed her clients, this would increase the revenue amounts to the company.
Revenues would therefore increase which means that equity increases as well because revenues are the main source of net income, which become retained earnings, which is an equity account.
When equity increases, assets will have to increase which will happen here because Carrie will treat her clients as Accounts receivable which is considered an asset.
In conclusion, option B is correct.
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Elizabeth’s property is encumbered by an easement in gross with which of these entities?
The utility company that needs to access the power line on Elizabeth’s property is encumbered by an easement in gross with of these entities.
Allocation is a contracting party may assign its rights and obligations under the contract to a new party.
A well-known example of a gross easement is a utility easement. These are legal agreements that allow utility companies to install and maintain infrastructure on private property. Under the terms of the easement, homeowners are prohibited from excavating or building that could damage public facilities.
A general easement can be sold to either an individual (private) or a legal entity (commercial). For example, if your family owns land adjacent to a highway, and a local dairy farm wants to clear your land and access that highway, your family will give the dairy a commercial easement. can do.
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