what two characteristics must an item possess to have monetary value?

Answers

Answer 1

In order for an item to have monetary value, it must possess two characteristics: it must be considered scarce or limited in supply, and it must be widely accepted as a medium of exchange.

What are the two characteristics must an item possess to have monetary value?Scarcity: A scarce item is one that is limited in supply. The scarcity of an item makes it valuable because people are willing to trade something of value in exchange for it. For example, gold is a valuable resource because it is relatively rare and difficult to obtain. The limited supply of gold means that it is valuable to people who want to use it for jewelry, investment, or other purposes. Other examples of items that have scarcity value include diamonds, oil, and rare coins.Acceptability: Acceptability means that an item is widely recognized and accepted as a medium of exchange. This is what gives an item its purchasing power. For example, in the United States, the dollar is widely accepted as a medium of exchange. People are willing to accept dollars in exchange for goods and services because they know that they can use those dollars to buy other goods and services. The widespread acceptance of a currency is often backed by a government or other authority that guarantees the value of the currency.

To know more about Monetary value, check out:

https://brainly.com/question/1156377

#SPJ4


Related Questions

under the requirements of the usa patriot act, when opening an account for a non-resident alien, the registered representative must obtain which of the following from the customer? a united states passport number b united states social security number c foreign country passport number d foreign country tax identification number

Answers

Under the requirements of the USA patriot act, when opening an account for a non-resident alien, the registered representative must obtain foreign country passport number and united states tax identification number.

What distinguishes resident aliens from nonresident aliens?

The paperwork involved and the type of income taxed are the key distinctions between the two.

                             In contrast to non-resident aliens, who are only subject to the tax rate on income derived from domestic sources, resident aliens in the United States must pay taxes on all of their income, regardless of where it was obtained.

What makes you a non-resident, exactly?

Except if you satisfy one of two conditions, if you are not a citizen of the United States, you are regarded as a nonresident of the United States for tax reasons.

                                 If you pass the green card test or the significant presence test for the calendar year, you are a resident of the United States for tax purposes (January 1 – December 31).

Learn more about a non-resident alien

brainly.com/question/14359320

#SPJ1

if income is 4,800, consumption is 3,500, government spending is 1,000, and taxes minus transfers are 800, private saving is:

Answers

If revenue is 4,800, demand is 3,500, government expenditure is 1,000, taxes minus subsidies are 800, and private saving is 500, then this is what is meant by the statement. The correct option is d).

What does private saving mean in a free market?

The total of household and company savings including private savings. Additionally, the sum of private sector and public sector deposits equals national savings. They stand in for a nation's domestic pool of available capital for loans. High savings therefore translate into additional funds for economic investment.

income = 4,800 - (800)

income = 4,000

private saving = income - Consumption

private saving = 4,000 - 3,500

private saving = 500

Therefore, private saving is $500.

To know more about Private saving visit :

https://brainly.com/question/30004719

#SPJ4

The Complete Question :

If income is 4,800, consumption is 3,500, government spending is 1,000, and taxes minus transfers are 800, private saving is:

a. 300. b. 1,000. c. 1,300. d. 500.

which of the following statements is correct regarding a long-lived asset such as a building? multiple choice question. the original cost in the building account could increase or decrease when an adjusting entry is recorded for depreciation. the original cost in the building account will decrease when an adjusting entry is recorded for depreciation. the original cost in the building account will increase when an adjusting entry is recorded for depreciation. the original cost in the building account will not change when an adjusting entry is recorded for depreciation.

Answers

The following statement is true about a long-lived asset - The original cost in the building account will not change when an adjusting entry is recorded for depreciation i.e. Option 1

Long-lived assets likewise alluded to as non-current resources or long haul resources, are resources that are supposed to give financial advantages over a future timeframe, commonly more noteworthy than one year. Enduring resources might be unmistakable, elusive, or monetary resources. Instances of enduring unmistakable resources, normally alluded to as and now and again as fixed resources, incorporate land, structures, furniture and apparatuses, hardware and gear, and vehicles; instances of seemingly perpetual (resources lacking actual substance) incorporate licenses and brand names; and instances of extensive monetary resources remember ventures for value or obligation protections gave by different elements. The extent of this perusing is restricted to enduring unmistakable and elusive resources (in the future, alluded to for straightforwardness as seemingly perpetual resources).

Know more about Long-Lived Assets - https://brainly.com/question/28478299

#SPJ4

Complete Question -

Which of the following statements is correct regarding a long-lived asset such as a building?

Multiple choice question.

1. The original cost in the building account will not change when an adjusting entry is recorded for depreciation.

2. The original cost in the building account could increase or decrease when an adjusting entry is recorded for depreciation.

3. The original cost in the building account will increase when an adjusting entry is recorded for depreciation.

4. The original cost in the building account will decrease when an adjusting entry is recorded for depreciation.

a realtor assists client barbara avon in selling her home - the sale is completed on september 15. on september 17, the billing specialist at a records the transaction, prepares the bill and mails it to barbara. on september 29, the payment is collected. the necessary journal entry on september 29 to record the collection would include a debit to

Answers

The necessary journal entry on September 29 to record the collection would include a debit to Cash and a credit to Accounts Receivable.

When the realtor assisted Barbara Avon in selling her home on September 15, a transaction occurred where Barbara owed the realtor a certain amount of money for the services rendered. At this point, no money has yet exchanged hands, and the transaction created an account receivable for the realtor.

On September 17, the billing specialist at the realtor's office prepared the bill and recorded it. This created a record of the amount owed by Barbara to the realtor. At this point, the realtor recorded a credit to Accounts Receivable, indicating that the realtor is owed money by Barbara.

On September 29, the payment for the services rendered was collected by the realtor. This means that the realtor received cash for the amount owed by Barbara. To record this transaction, the realtor would debit the Cash account for the amount received and credit the Accounts Receivable account to reduce the amount owed by Barbara.

The journal entry for this transaction would be,

Debit: Cash

Credit: Accounts Receivable

This journal entry reflects the fact that the realtor received cash and reduced the account receivable by the same amount.

To learn more about billing click on,

https://brainly.com/question/20630395

#SPJ4

which payroll taxes are paid by employers

Answers

Employers are responsible for paying payroll taxes, which include Social Security taxes, Medicare taxes, and federal and state unemployment taxes.


The Explanation for Each

Social Security taxes: Employers are required to pay 6.2% of an employee's wages for Social Security taxes, up to a certain wage limit.Medicare taxes: Employers are required to pay 1.45% of an employee's wages for Medicare taxes, with no wage limit.Federal unemployment taxes (FUTA): Employers are required to pay 6% of an employee's wages for FUTA taxes, up to a certain wage limit.State unemployment taxes (SUTA): Employers are required to pay a percentage of an employee's wages for SUTA taxes, with the percentage and wage limit varying by state.

Overall, payroll taxes are an important responsibility for employers, as they help fund important social programs and provide support for unemployed workers.

Learn more about payroll taxes brainly.com/question/1445562

#SPJ11

segmentation based on some observable actions or attitudes by prospective customers, such as what benefits they seek, as well as where, how frequently, and why they buy, is referred to as group of answer choices c. geographic segmentation. b. psychographic segmentation. e. socioeconomic segmentation. d. behavioral segmentation. a. demographic segmentation.

Answers

Behavioral segmentation is a form of market segmentation that is based on some observable actions or attitudes of prospective customers.

Option D. is correct.

This can include what benefits they seek, as well as where, how frequently, and why they buy.

Behavioral segmentation can be used to identify customer groups that have similar behaviors and can help to tailor marketing strategies to better meet their needs.

For example, a company may identify a group of customers that purchase frequently and tailor their marketing strategies to better meet their needs.

Thus, behavioral segmentation is a useful tool for companies to tailor their marketing strategies to better meet the needs of their target customers.

To know more about market segmentation,

https://brainly.com/question/15357678

#SPJ4

T8.7 A marketing assistant for a technology firm plans to randomly select 1000 customers to estimate the pro- portion who are satisfied with the firm's performance. Based on the results of the survey, the assistant will construct a 95% confidence interval for the propor- tion of all customers who are satisfied. The market- ing manager, however, says that the firm can afford to survey only 250 customers. How will this decrease in sample size affect the margin of error? (a) The margin of error will be about 4 times larger. (b) The margin of error will be about 2 times larger. (c) The margin of error will be about the same size. (d) The margin of error will be about half as large. (e) The margin of error will be about one-fourth as large.

Answers

The margin of error in a confidence interval is affected by the sample size, as well as the level of confidence and the population proportion.

Generally, increasing the sample size leads to a smaller margin of error, while decreasing the sample size leads to a larger margin of error. In this case, the marketing assistant originally planned to survey 1000 customers, which would have provided a large enough sample size to construct a 95% confidence interval with a reasonable margin of error. However, the marketing manager suggests surveying only 250 customers, which is a significant decrease in sample size. As a general rule, decreasing the sample size by a factor of 4 leads to an increase in the margin of error by a factor of √4 = 2. Therefore, the answer is (b) The margin of error will be about 2 times larger. This means that the confidence interval constructed based on the smaller sample size of 250 customers will have a larger margin of error than the one constructed based on the original sample size of 1000 customers. It's worth noting that a larger margin of error can decrease the precision of the estimate and reduce the confidence we have in the result. As a result, it's important to carefully consider the sample size when designing a survey to ensure that the sample size is sufficient to achieve the desired level of precision and confidence in the results.

Learn more about marketing manager here:

https://brainly.com/question/22555057

#SPJ4

in 1990 approximately people were killed each year due to crashes as compared to approximately in recent years. a) 600; 200 b) 2,000; 1,500 c) 45,000; 30,000 d) 100,000; 300,000

Answers

According to data from the National Highway Traffic Safety Administration (NHTSA), the number of annual crash fatalities in the United States has significantly decreased in recent years.

In 1990, the number of annual crash fatalities was approximately 100,000. This number has decreased over time as a result of improvements in vehicle safety, increased use of seat belts, and other safety measures. In recent years, the number of annual crash fatalities in the United States has been approximately 35,000 to 40,000. While this is still a significant number of fatalities, it represents a substantial improvement from the 1990s. The decrease in crash fatalities can be attributed to a number of factors, including advancements in vehicle safety technology, increased awareness of the importance of seat belt use, and improvements in road design and infrastructure. For example, the widespread adoption of airbags, anti-lock braking systems, and electronic stability control has helped to reduce the severity of crashes and prevent fatalities. Additionally, campaigns to promote seat belt use and discourage distracted driving have raised awareness of the importance of safe driving practices. Despite the decrease in crash fatalities, crashes still have a significant impact on society. In addition to the loss of life, crashes can result in serious injuries, property damage, and economic costs. According to the Centers for Disease Control and Prevention (CDC), the annual cost of motor vehicle crashes in the United States is more than $75 billion. As a result, efforts to improve road safety and reduce crashes remain a key priority for policymakers and safety advocates. Strategies to reduce crashes include increasing the use of automated safety technologies, improving road infrastructure, and promoting safe driving behaviors through education and awareness campaigns.

To know more about vehicle safety:

https://brainly.com/question/2567373

#SPJ4

a material departure from generally accepted accounting principles will result in auditor consideration of:

Answers

A material departure from generally accepted accounting principles will result in auditor consideration of the impact on financial statements and the impact on users.

1. Impact on Financial statements - The auditor will evaluate the ubiquitous nature of the account and whether the financial statements are correctly stated.

2. The auditor will also evaluate the main reasons behind the departure to check whether it is intentional or not.

3. The auditor will also evaluate the impact of financial statements on the users

4. The auditor in this case also evaluates whether the financial statement includes all disclosures which have to be made.

To know more about auditing financial statements -

brainly.com/question/24211503

#SPJ4

separation of duties and e-commerce controls are examples of blank______ controls.

Answers

Separation of duties and e-commerce controls are examples of internal controls.

What is E-Commerce?

E-commerce or electronic commerce is the activity of trading goods and services on the internet. There are three main types of e-commerce: business-to-business, business-to-consumer, and consumer-to-consumer.

Separation of duties means no person has sole control over the lifespan of a transaction. Ideally, no person should be able to initiate, record, authorize, and reconcile a transaction. Because it lowers the possibility of both inappropriate and incorrect acts, the separation of roles is essential for efficient internal control.

Therefore, Separation of duties and e-commerce controls are examples of internal controls.

Learn more about E-Commerce, here;

https://brainly.com/question/29732698

#SPJ1

at the most recent year-end, netgear's net income is its net cash provided by operating activities. a. more than b. less than c. the same as

Answers

From the information provided, Netgear's net income is more than its net cash provided by the operating activities.

It is highly unlikely that Netgear's net income is exactly equal to its net cash provided by operating activities at the most recent year-end. Net income and net cash provided by operating activities are two different financial metrics, and they are rarely identical.

Net income is a measure of a company's profitability, calculated by subtracting total expenses from total revenues. It represents the amount of money that the company earned during the period, regardless of whether the money has actually been received or paid out.

Net cash provided by operating activities, on the other hand, is a measure of a company's cash flow from its day-to-day business operations. It represents the net increase or decrease in cash and cash equivalents resulting from the company's operating activities, such as sales, payments to suppliers, and employee wages.

While net income and net cash provided by operating activities can be related, they are influenced by different factors and can vary based on a variety of accounting and operational factors.

Learn more about income here: brainly.com/question/28390284

#SPJ4

what are the four categories of income?

Answers

The four categories of income are wages and salaries, interest, rent, and profits.

- Wages and salaries are the payments that employees receive from their employers in exchange for their work. This includes regular wages, tips, and bonuses.
- Interest is the income that is earned from investments, such as savings accounts or bonds.
- Rent is the income that is earned from leasing or renting out property, such as a house or an apartment.
- Profits are the income that is earned from running a business, after all expenses have been paid.
Each of these categories of income plays an important role in the economy and helps to determine the overall level of economic activity.

It is important for individuals to understand the different categories of income in order to make informed financial decisions and plan for their future.

You can read more about categories of income at https://brainly.com/question/13793671#:

#SPJ11

there are few, if any, options for adjusting capacity levels for managers involved in what planning level?

Answers

Managers working in: have few, if any, choices for altering capacity levels. precise preparation and management.

The lead strategy, lag strategy, match strategy, and dynamic strategy are some of the most popular management techniques. Businesses can gain from using this method in a number of ways, including streamlined operations, greater market share, client retention, and acquisition.

Promotion and using overtime to produce more product might change capacity in aggregate planning.

The three capacity management sub processes business capacity management, service capacity management, and component capacity management reflect this.

Read more about planning level at

https://brainly.com/question/30438025

#SPJ4

which political ideology reflects the idea that a multinational enterprise is an instrument of imperialist domination? multiple choice pragmatic nationalism radical view planned economy mercantilism free market

Answers

As long as the advantages outweigh the drawbacks, FDI should be permitted.

Enhanced Employment and Economic Growth

To what does the stock of FDI refer?

definition of FDI stocks. Foreign Direct Investment (FDI) stocks track the total level of direct investment at a specific time, typically the end of a quarter or a year. The value of resident investors' equity in and net loans to companies in other countries make up the outward FDI stock.

What is one of the primary advantages that FDI offers the home country?

The most evident benefit of FDI is job creation. It is also one of the most significant causes for a country, especially a developing one, to seek out FDI. Increasing FDI promotes

To know more about FDI visit:

https://brainly.com/question/29751193

#SPJ4

inflation is group of answer choices a decrease in the price of all goods and services. included in the calculation of real gdp. an increase in the average level of prices of goods and services. the increase in the market value of a product that takes place at each stage of the production process.

Answers

an increase in the average level of prices of goods and services.Inflation is the rate of increase in prices over a given period of time.

Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.Inflation is the general rise in the prices of goods and services in an economy, over a period of time.It reduces the purchasing power of consumers, because each unit of currency can purchase fewer products with an increase in the general price levels. Inflation is a rise in prices, which can be translated as the decline of purchasing power over time.The rate at which purchasing power drops can be reflected in the average price increase of a basket of selected goods and services over some period of time.With an increase in inflation,there is a decline in the purchasing power of money, which reduces consumption and therefore GDP decreases.High inflation can make investments less desirable,since it creates uncertainty for the future and it can also affect the balance of payments because exports become more expensive.

To learn more about goods and services please click on below link.

https://brainly.com/question/30418810.

#SPJ4

Find a pareto-efficient level of fishing time for natasha and mckenna, by assuming the existence of an impartial spectator maximizing social welfare. If the impartial spectator cares for natasha and mckenna equally, their effort levels at this pareto efficient outcome would be. And their levels of utility would be

Answers

if the impartial spectator cares for Natasha and McKenna equally, their effort levels at this Pareto-efficient outcome would be equal, and their levels of utility would also be equal.

To find the Pareto-efficient level of fishing time for Natasha and McKenna, we need to identify the allocation of fishing time that maximizes social welfare subject to the constraint that each person's utility is non-negative. Let us assume that the impartial spectator cares for Natasha and McKenna equally.

We can begin by setting up the problem mathematically. Let x be the amount of fishing time allocated to Natasha and y be the amount of fishing time allocated to McKenna. Then, the total fishing time is T = x + y.

We can also assume that the utility function for each person is given by u(x) = x^α and u(y) = y^α, where α is a constant parameter that reflects the degree of diminishing marginal returns to effort.

The social welfare function is simply the sum of the utilities of Natasha and McKenna: W = u(x) + u(y) = x^α + y^α.

To find the Pareto-efficient level of fishing time, we need to maximize social welfare subject to the constraint T = x + y. We can do this using Lagrange multipliers:

L(x, y, λ) = x^α + y^α + λ(T - x - y)

Taking the partial derivatives of L with respect to x, y, and λ and setting them equal to zero, we get:

αx^(α-1) - λ = 0

αy^(α-1) - λ = 0

T - x - y = 0

Solving these equations for x, y, and λ, we get:

x = y = (T/2)^(1/(α-1))

λ = α(T/2)^(α/(α-1))

So, the Pareto-efficient level of fishing time for Natasha and McKenna is x = y = (T/2)^(1/(α-1)). At this allocation, each person's utility is u(x) = u(y) = ((T/2)^(1/(α-1)))^α = (T/2)^(α/(α-1)).

learn more about utility function here

https://brainly.com/question/21326461

#SPJ4

joe's leisure time sports is an unlevered firm with an aftertax net income of $78,400. the unlevered cost of capital is 11.4 percent and the tax rate is 23 percent. what is the value of this firm?

Answers

An unlevered firm is a company that has no debt or financial leverage, meaning that it is entirely funded by equity.

To calculate the value of an unlevered firm, we can use the following formula:

Value of Firm = Aftertax Net Income / Unlevered Cost of Capital

In this case, the aftertax net income is $78,400, and the unlevered cost of capital is 11.4 percent. The value of the firm can be calculated as follows:

Value of Firm = $78,400 / 0.114

Value of Firm = $686,666.67

However, we need to adjust for the effect of taxes. Since the firm is unlevered, the aftertax net income is already taking into account the tax rate of 23 percent. Therefore, we do not need to adjust the aftertax net income.

The final value of the firm is $686,666.67.

The value of an unlevered firm is determined by the present value of its expected future cash flows, discounted by the unlevered cost of capital. The unlevered cost of capital is the rate of return required by investors to invest in the firm, taking into account only the risk associated with its equity, and not the risk associated with its debt.

To know more about net income:

https://brainly.com/question/15570931

#SPJ4

the amount of cash that is actually expected to be collected on accounts receivable is referred to as:

Answers

The amount of cash that is actually expected to be collected on accounts receivable is referred to as the net realizable value (NRV) of accounts receivable.

NRV represents the estimated amount of cash that a company can expect to collect from its outstanding accounts receivable, after accounting for any uncollectible amounts.

To determine the NRV of accounts receivable, a company must estimate the number of bad debts it expects to incur and subtract this amount from the total amount of accounts receivable. This results in the NRV, which is the amount of cash the company expects to collect from its customers.

The NRV is an important measure for companies that extend credit to customers because it provides a more accurate picture of the amount of cash that is likely to be received from customers. It is also important for financial reporting purposes because it affects the valuation of accounts receivable on the balance sheet and the recognition of bad debt expense on the income statement.

To learn more about net realizable value

https://brainly.com/question/29835125

#SPJ4

what are the distinct and fine-grained business processes that enable firms to add incremental value by transforming inputs into goods and services

Answers

There are a variety of distinct and fine-grained business processes that enable firms to add incremental value by transforming inputs into goods and services.

Here are some of the most common ones:

Procurement: This involves the process of acquiring the necessary raw materials, equipment, and other resources needed to produce a good or service.

Production: This includes the actual transformation of raw materials and resources into finished products or services. This can involve manufacturing, assembly, packaging, or other processes.

Quality control: This is the process of ensuring that the finished product or service meets certain quality standards. This can include testing, inspection, and other methods to ensure that the product is free of defects and meets customer expectations.

Marketing and Sales: This involves promoting the product or service and convincing customers to buy it. This can include advertising, sales promotions, and other marketing strategies.

Customer service: This is the process of providing support to customers before, during, and after a purchase. This can include answering questions, providing technical support, and addressing customer complaints.

Logistics and Supply Chain Management: This involves the coordination of all the processes involved in getting the product or service to the customer. This can include transportation, inventory management, and other logistics-related tasks.

Research and Development: This is the process of continually improving products and services to meet changing customer needs and market demands. This can involve designing new products, improving existing products, and developing new production processes.

All of these processes are important in creating value for customers and generating profits for the firm. By optimizing these processes and continually improving them over time, firms can increase efficiency, reduce costs, and deliver high-quality products and services that meet customer needs.

For more such questions on Goods and services

https://brainly.com/question/24409120

#SPJ4

why did banks believe that mortgage-backed securities protected them from defaults

Answers

Banks believed that mortgage-backed securities protected them from defaults because these securities were a way to spread the risk of default among many investors.

Banks would sell mortgage-backed securities to investors, who would then receive payments from the mortgages that backed the securities. This allowed banks to transfer the risk of default from themselves to the investors.

Additionally, mortgage-backed securities were often backed by large pools of mortgages, so the risk of default was spread among many borrowers. This made it less likely that any one default would have a significant impact on the value of the securities. Therefore, banks believed that mortgage-backed securities protected them from defaults because they transferred the risk of default to investors and spread the risk among many borrowers.

Read more about mortgage-backed securities at https://brainly.com/question/26571250.

#SPJ11

a proposal for implementing a new product line has an annual fixed cost of $60,000, variable cost of $35/unit of output, and a selling price of $55/unit. what selling price would be necessary to generate an annual profit of $90,000 if the expected volume is 6000 units per year?

Answers

the necessary selling price to generate an annual profit of $90,000 is $50 per unit.

To calculate the selling price necessary to generate an annual profit of $90,000, we can use the formula:

Profit = (Selling price x Units sold) - (Variable cost x Units sold) - Fixed cost

We are given that the fixed cost is $60,000, the variable cost is $35 per unit, the expected volume is 6,000 units per year, and the desired profit is $90,000. We can use this information to solve for the selling price:

$90,000 = (Selling price x 6,000) - ($35 x 6,000) - $60,000

$90,000 = 6,000Selling price - $210,000

6,000Selling price = $300,000

Selling price = $300,000 / 6,000

Selling price = $50

Therefore, the necessary selling price to generate an annual profit of $90,000 is $50 per unit.

learn more about selling price here

https://brainly.com/question/27796445

#SPJ4

the working-age population can be divided into two groups ? a. people looking for work and those in the armed forces. b. people in the labor force and people who are not in the labor force. c. people in the labor force and people with a job. d. people in the labor force and people looking for work.the working-age population can be divided into two groups ? a. people looking for work and those in the armed forces. b. people in the labor force and people who are not in the labor force. c. people in the labor force and people with a job. d. people in the labor force and people looking for work.

Answers

The correct option is: b. people in the labor force and people who are not in the labor force.

Persons who are neither employed nor jobless aren't in the labor force. This  order incorporates  abnegated persons, understudies, those taking care of  youths or other family  individualities, and other people who are neither working nor looking for work. Information is gathered on their  craving for and vacuity for work, hunt for new employment  exertion in the  previous time, and reasons for not presently searching.  

Employed persons are classified by occupation( what  kind of work they do) and assiduity( what  kind of work their employer or business does). Unemployed persons are classified according to their last work   Employed persons are  distributed by class of worker grounded on their relationship to their employer. The class- of- worker  orders incorporate private and government  pay envelope and  payment workers,  singly employed workers, and  overdue family workers.

to know more about employment click here:

https://brainly.com/question/25040267

#SPJ4

revenue in the income statement for the year ended december 31, 2021 equals the: multiple choice question. amount of cash collected from customers during 2021. amount earned by selling goods or services to customers during 2021. accounts receivable balance in the december 31, 2021 balance sheet.

Answers

Option (b), The amount gained from selling products or services to consumers throughout 2021 is represented as revenue in the income statement for the year that concluded on December 31, 2021.

What kind of revenue is shown on the annual financial statement?

Revenue, which is derived by dividing the average sales price by the quantity of units sold, is the amount of money made via ordinary business operations. The amount from the top line, also known as gross income, is used to calculate net income after costs are deducted. Sales and revenue are synonymous terms in the income statement.

Does December 31 mark the conclusion of the financial year?

The conclusion of a 12-month accounting period is what we refer to when we talk about the end of a fiscal year. If the fiscal year end and the calendar year end are the same for a corporation, the fiscal year ends on December 31.

Learn more about income statement: https://brainly.com/question/28035395

#SPJ1

you found one job opening that looks very interesting. before applying for the job, what should you do

Answers

You discovered a position that appears to be quite interesting. You should research the company before applying for the position.

What are some effective methods for learning about job openings?

Networking.

Referrals.

websites for careers and job boards.

Job Expos.

websites of companies.

a cold call.

Recruiters and head hunters.

Internships or temp work.

What is a method for learning about a job opportunity from a group of people who socialize and exchange information?

Professionals utilize networking to broaden their social circles, learn about career prospects, and become more informed about news and trends in their fields. Company owners can use networking to create connections with people and organizations they might work with in the future.

To Know more about Referrals.

https://brainly.com/question/21505911

#SPJ1

what explains the rapid growth of ridesharing companies such as uber and lyft? do these same factors explain the growth of similar companies such as bird and lime (scooters)?

Answers

The rapid growth of ridesharing companies ridesharing company also referred to as transportation network company or ride-hailing service matches customers with drivers of vehicles for hire that, unlike taxicabs, cannot be legally flagged down on the street via websites and mobile apps. These vehicles are referred to as app-taxis or e-taxis.

Depending on the jurisdiction, ridesharing businesses may or may not be allowed; in other places, they have been outlawed and are regarded as illegal taxicab operations.

Regulations can cover things like minimum salary requirements, fare limits, insurance regulations, license requirements, and background check specifications for drivers.

To learn more about ridesharing companies      :

https://brainly.com/question/28220414

#SPJ1

7. many organizations have a kick-off meeting because a. it brings closure to the planning phase of the project b. it signals the initiation of the next phase of the it project methodology c. it communicates to everyone what the project is about d. it can energize the stakeholders and get everyone excited about working on the project e. all of the above

Answers

e. all of the above. A kick-off meeting is a crucial step in the project management process, as it sets the tone and direction for the project.

It brings closure to the planning phase of the project, signaling the initiation of the next phase of the project management methodology. During the meeting, the project manager will communicate the project goals, objectives, timelines, and key milestones to all stakeholders. This will provide everyone with a clear understanding of what the project is about, ensuring everyone is on the same page and has a shared understanding of the project scope.

A kick-off meeting can also energize stakeholders and get everyone excited about working on the project. This can help build team morale, increase motivation, and create a positive attitude towards the project. This, in turn, can help improve team productivity, collaboration, and creativity, which are essential for the success of the project.

In summary, a kick-off meeting is a critical step in the project management process. It helps bring closure to the planning phase of the project, communicates the project goals, energizes stakeholders, and gets everyone excited about working on the project. By setting the right tone and direction for the project, a kick-off meeting can help ensure project success.

Learn more about stakeholders here:

https://brainly.com/question/30463383

#SPJ4

according to the electure, the job application process is similar to other forms of business communication. but in this process, your message, or end product, is

Answers

According to the electure, the job application process is similar to other forms of business communication. but in this process, your message, or end product, is a job application.

The job application process involves creating a document that will be used to introduce yourself to a potential employer. It should include information that is relevant to the job you are applying for, such as your work experience, education, skills, and qualifications.

You will also need to include a cover letter that explains why you are a good fit for the position and why you are interested in the role. You may also need to include other documents such as a resume, references, and portfolios.

Once your application is complete, you should submit it to the employer or job board. The employer will then review your application and contact you if they are interested in furthering the conversation.

To learn more about job application link is here

brainly.com/question/17869674

#SPJ4

a constraint in a decision is a restriction placed on ___

Answers

Answer:

Explanation:

a constraint in a decision is a restriction placed on the options or solutions that are available to choose from. A constraint can be anything that limits the set of possible solutions, such as budget restrictions, time limitations, resources available, and legal or regulatory requirements. In decision-making, constraints play a crucial role in determining the feasibility of different solutions and help to guide the decision-making process towards finding a solution that meets the needs and goals of the decision-maker while also being practical and achievable within the given restrictions. Understanding and identifying constraints is an important step in the decision-making process and can help ensure that the final decision is feasible, effective, and sustainable.

the contact information for customers who wish to report inaccuracies on their account statements cannot be the: a representative servicing the account b compliance department of the broker-dealer c operations department of the broker-dealer d office of supervisory jurisdiction of the broker-dealer

Answers

Option A. representative servicing the account. A account statement is a periodic summary of your account transactions, including start and end dates.

The most well-known are the checking account statement, which is usually provided monthly, and the deposit statement, which is provided monthly or quarterly. Monthly credit card statements also count as account statements.

An account statement refers to almost any official overview of your account, regardless of where it is located. For example, insurance companies may provide bank statements summarizing the value of cash deposited.

Statements can be created for almost any type of account representing an ongoing transaction in which funds are repeatedly exchanged.

A bank statement may be considered a summary of your account and includes a statement of services rendered, fees charged, and outstanding amounts due.

Bank statements must be checked for accuracy and historical statements are essential for budgeting.

To learn more about statement account, here:

https://brainly.com/question/17113432

#SPJ4

Complete question:

The contact information for customers who wish to report inaccuracies on their account statements CANNOT be the:

A. representative servicing the account

B. compliance department of the broker-dealer

C. operations department of the broker-dealer

D. office of supervisory jurisdiction of the broker-dealer

which of these economic goals is most important in a traditional economy?A. stabilityB. Market EconomyC. GrowthD. Efficiency

Answers

Stability of these economic goals is most important in a traditional economy. A traditional economy's primary objective is self-sufficiency. This indicates that the community meets its own needs through production rather than trade with other communities. The answer is OPTION A.

A traditional economy is a framework that is based on traditions, the past, and long-held beliefs. Economic choices like production and distribution are influenced by tradition. Traditional economies rely on farming, fishing, hunting, gathering, or some combination of these activities. Consider three main objectives when assessing the macroeconomy's overall health: economic growth, full employment (or low unemployment), and stable prices (or low inflation).

To learn more about economic, click here.

https://brainly.com/question/14787713

#SPJ4

Other Questions
big five trait of extraversion psychology definition? what best describes the economic status of the united states during the 1950s? help pls i will give brainliest to correct answer what is the probability of getting a number less than 2 or a prime number upon rolling a six-sided die? a.) 1 half b.) 2 over 3 c.) 1 third d.) 5 over 6 Observe the minerals. Describe the mineral's colour, luster (shiny or dull) and the way they break apart (cleavage or fracture) in the student guide A child is riding on a merry go round. As the speed of the merry go round is doubled, the magnitude of the centripetal force acting on the childa. Remains the sameb. Is quadrupledc. Is doubledd. Is halved Which of the following would be good examples of genotype-by-environment interactions? Select all that apply.a. two different strains of corn that differ in height due to genotypeb. a strain of corn whose yield varies with the amount of nutrients in the soilc. two different mutants of mice that share similar fat metabolism abilitiesd. a line of dairy cows that increases milk yield in relation to feed amounte. a line of chickens whose eggshells are extra thick regardless of feed typef. a strain of mutant mice that becomes obese regardless of feed amount WILL MARK BRAINLY IF SOMEONE CAN GIVE ME THE CORRECT ANSWER PLEASE. What type of reaction is shown below:C5H12+O2H2O+CO2 similarity help for math please distinguish between aerobic and anaerobic respiration write any 3points Use the Slope Formula to calculate the slope of a line with these two points. Find the slope of the line that passes through (5, 11) and (9, 2). pursell bank offers you a five-year loan for $69,000 at an annual interest rate of 8.5 percent. what will your annual loan payment be? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) two oppositely-charged plates are set up in the lab, where the positive plate is placed north of the other plate. in which direction would the electric field lines between the plates be pointing of a diagram was drawn? telstar uses job order costing. the t-accounts below summarize its production activity for the year. raw materials inventory debit credit 46,400 25,650 9,400 factory wages payable debit credit 127,400 87,150 41,650 factory overhead debit credit 9,400 104,084 41,650 62,770 work in process inventory debit credit 25,650 171,720 87,150 104,084 finished goods inventory debit credit 171,720 154,690 1. compute the amount for each of the following. a. direct materials used b. indirect materials used c. direct labor used d. indirect labor used e. cost of goods manufactured f. cost of goods sold (before closing over- or underapplied overhead) 2. compute the amount that overhead is overapplied or underapplied. ill in the missing information: symbol atom or ion? check all that apply number of protons number of electrons neutral atom cation anion neutral atom cation anion neutral atom cation anion based on table 5-14 annual demand at coolwipes and table 5-15 transportation costs per unit, without using excel solver, can you recommend in what cities should the new plant(s) be built for wipes or ointment? please explain your reasons. what is the annual cost, including fixed costs, variable costs, and transportation costs, of serving the entire nation from chicago? what is the minimal annual cost and in what cities should the plant(s) be built and what product lines should be included? assume that the chicago plant will be maintained at its current capacity. what is the minimal annual cost if chicago does not need to stay open? when a positive culture becomes strong enough, employee interactions become more . Accruals recorded in the salaries and wages expense and salaries and wages payable accounts represent salaries and wages.a. Trueb. False Point A - the instant before the figure drops. It is at rest and the spring is not stretched. Point B - an instant when the figure is falling. It is lower than its original position, andmoving downwards, but the spring has not yet begun to stretch. Point C - the very last instant for which the figure is falling but the spring has not yetbegun to stretch. Point D - an instant when the figure is falling and the spring is stretching.Point E - the instant at which the figure has reached its lowest position and ismomentarily motionless before rebounding.Fill out Table 2 below to show how energy is transferred between forms during thedrop. In each box write either Maximum, Zero, Increasing, or Decreasing.