The method of achieving the reduction in the budget deficit is to simply reduce expenses and increase tax.
What is a budget deficit?It should be noted that budget deficit simply means when the expenses is more than the revenue.
In this case, the method of achieving the reduction in the budget deficit is to simply reduce expenses and increase tax. This is needed to improve the budget.
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A price-taking firm: ______________
a. cannot influence the price of the product it sells b. talks to rival firms to determine the best price for all of them to charge c. sets the product's price to whatever level the owner decides upon d. asks the government to set the price of its product
A price-taking firm is a type of firm that cannot influence the price of the product it sells.
What is a price taking firm?A price-taking firm is a firm that cannot set the price for its goods and services. An example of a price-taking firm is a perfect competiton. A price-taking firm exists because there are many sellers of identical goods in the industry.
For price-taking firms, prices are set by the forces of demand and suppply.
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TRUE OR FALSE - ACCOUNTING
1. A company pays $3,000 for three months' rent on December 1 and recorded the prepayment as an asset. The adjusting entry on December 31 is a debit to Rent Expense, $1,000, and a credit to Prepaid Rent, $1,000.
2. To determine the balance in an account, always subtract credits from debits.
3. A company’s accounts payable represents an amount that the company will collect from customers.
4. Unearned Revenues appear on the income statement.
5. The Prepaid Expenses are an example of a liability.
The chair of the board of directors says, “There is a 50 percent chance this company will earn a profit, a 30 percent chance it will break even, and a 20 percent chance it will lose money next quarter.” a. Use an addition rule to find the probability the company will not lose money next quarter. b. Use the complement rule to find the probability it will not lose money next quarter
The probability that the company will not lose money next quarter using both addition and complement rules is 0.8.
Calculation of a Probability Using Addition and Complement RulesLet:
P(E) = The probability that the company will earn a profit next quarter = 50%, or 0.50
P(B) = The probability that the company will break even next quarter = 30%, or 0.30
P(L) = The probability the company will lose money next quarter = 20%, or 0.20
P(NL) = The probability the company will not lose money next quarter = ?
Therefore, we have:
a. The probability the company will not lose money next quarter using addition rule can be calculated as follows:
P(NL) = P(E) + P(B) = 0.5 + 0.3 = 0.8
b. The probability the company will not lose money next quarter using complement rule can be calculated as follows:
P(NL) = 1 – P(L) = 1 – 0.2 = 0.8
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QUESTION 8 of 10: True or False: You can somewhat control what your customers order without them realizing it.
a) True
b) False
Answer:
true
Explanation:
by trying to give the description of the thing the customer wants to buy, he/she will ultimately get convinced by what you say not what they need
The company can control the customers order to an extent by giving them offers and discounts.
Thus, the correct option is A.
What is customer service?Supporting current and potential consumers is known as providing customer service.
Building strong relationships with your clients is the secret to providing excellent customer service.
The consumer will have a favorable experience if you thank them and encourage a helpful, friendly, and happy environment. A satisfied client is more likely to make repeat visits and spend more money.
Essentially, the three "p"s of professionalism, patience, and a "people-first" mindset are the three key components of good customer service.
Going above and beyond to ensure that a customer is pleased with the company's goods or services is a sign of excellent customer service. Additionally, it entails offering timely, pleasant service to customers. Excellent problem-solving and communication abilities are equally vital.
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Matching: Match each term in Column A with its definition in
Column B.
Column B
a. covers losses due to windstorms, riots, or
plane crashes
ance
Column A
1. insurance
2. risks
b. pays all or parts of hospital and medical bills
3. beneficiary
c. automobile insurance that requires the insur-
4. premium
5. cash value
ance company to pay damages no matter
6. policy
who was responsible
d. the chances that we may suffer harm or loss
7. no-fault insur-
e. a way of protecting ourselves and others
8. personal liabil- against financial loss
ity insurance
f. person who receives insurance money in the
9. extended cover- event of the policyholder's death
age
g. the contract between the insured and the in.
10. health insurance surance company
h. a sum of money paid periodically to the insur-
ance company
i. the dollar value of a life insurance policy if
turned in or used to borrow from
j. provides protection against claims arising
from injury on a homeowner's property
Answer:
33
i got it right on the hw
Which of these can lessen the amount of a mortgage loan?
Down payment
Insurance
Property taxes
Collateral
Based on the various requirements of a mortgage loan, the factor that can lessen the amount of the mortgage loan is a down payment.
What is a down payment?The down payment is the amount that is paid by the buyers of the house from their own savings and income which they will not have to pay back to the bank.
The larger this payment is, the less the amount that needs to be borrowed as a mortage loan.
In conclusion, option A is correct.
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Answer:
A. Down payment, is the answer
Question 9 of 10
Why are facts called the "building blocks of legal decisions"?
O A. Because so much time is used to determine whether the facts
presented are accurate or not
B. Because facts form the foundation that judges use to reach their
conclusions
O C. Because facts are written in a way that makes them easy to
identify
D. Because facts tell judges and juries what most people believe is
true
Answer:
B. Because facts form the foundation that judges use to reach their conclusions
Explanation:
I hope this helps, I just got it right.
factors of production
Answer:
Land, capital, labor, and entrepreneurship are factors of production.
Assume that John Smith is a salesperson employed by McCrackin Company. Smith's regular rate of pay is $36 per hour, and any hours worked in excess of 40 hours per week are paid at 1½ times the regular rate. Smith worked 42 hours for the week ended October 27. What are his total earnings for the week?
a. $2,268
b. $1,548
c. $1,512
d. $2,548
Assume that during May, a company sold a product for $160,000 that includes a 36-month warranty. Historically, the average cost of repairs over the warranty period is 7% of the sales price. The entry to record the estimated product warranty expense would include a __________ to __________ for $11,200.
a. debit; Product Warranty Expense
b. credit; Cash
c. debit; Product Warranty Payable
d. credit; Product Warranty Expense
Design Thinking is the discipline of developing solutions to create significant
value for clients by keeping end user experience at its core.
True or False?
Cosmogena, a cosmetics start-up, wants to hire five female marketing executives. For these openings, the management prefers candidates who are outgoing, sociable, and upbeat. Which of the big five personality traits is Cosmogena seeking?
Answer:
why did he have to stop his new style
____ records include personal information, employment history, performance evaluations, compensation records, and other information needed by the company
Answer:
Personelle I think
Explanation:
Construction crafts are what kind of jobs?
A: Academic
B: Theoretical
C: Physical
Answer:
C. Physical
Explanation:
Hope it help
Distinguish between economic and accounting profit
Answer:
The main difference between accounting and economic Profit is that accounting profit refers to monetary revenue minus monetary costs which includes any type of cost in the organization in the form of rents, salaries, material costs etc. Economic profit refers to the monetary revenue minus total cost.
Explanation:
The differences between economic and accounting profits exist in their definitions, despite their similarities.
What is economic profit?Economic profit has the following characteristics:
It includes both explicit and implicit costs.It is determined by economic principles, especially the economic concept of opportunity cost.In summary, economic profit is the total revenue minus both implicit (opportunity cost) and explicit costs.What is accounting profit?Accounting profit has the following characteristics:
It includes only explicit costs.It is determined by accounting principles (U.S. GAAP or IFRS).It is equal to net income or revenue minus explicit expenses.Thus, there are differences between accounting and economic profits.
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Nike owns equipment that cost $101,900 with accumulated depreciation of $69,600. Nike asks $37,100 for the equipment but sells the equipment for $34,400. Compute the amount of gain or loss on the sale. Multiple Choice $2,100 loss. $2,700 gain. $4,800 loss. $4,800 gain. $2,100 gain.
The gain on the equipment sold by Nike after comparing the sale price with the book value of the equipment is $2100.
What is the gain on the equipment?A gain is recorded when the equipment is sold for greater than its book value. The book value is the cost of the equipment less the accumulated depreciation.
Book value = $101,900 - $69,600 = $32,300
Gain = $34,400 - $32,300 = $2100
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Step 4: Use the line chart to determine the approximate price of the stock at the beginning of 2003. How much money would you have earned if you bought one share of stock at the beginning of 2003 and sold it at today's current price?
The amount of money earned with the purchase of one share of stock at the beginning of 2003 and selling it at today's current price is $22.81 ($61.81 - $39).
What is the price of stock?The price of a share of stock is the cost that is paid to buy it or the revenue received when it is sold.
The price of a stock reflects the value that investors place on the issuing company.
Thus, the amount of money earned with the purchase of one share of stock at the beginning of 2003 and selling it at today's current price is $22.81.
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Use the given financial data to indicate which firm has the higher degree of each type of risk. Which firm has more business risk
Based on the given matrics, the firm with more business risk is Purple Panda.
Why does Purple Panda have more business risk?A company is said to have more business risk if the standard deviation of its expected Net operating profit after tax (NOPAT) is high.
This is because there is a greater variation in the NOPAT which means that a company has a greater risk of making less as well as more returns. Purple Panda has a high NOPAT standard deviation and so is riskier.
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Which BCMAP situation requires a direct comment on the USMC Fitness Report?
Select the best re
Self discipline is a BCMAP situation that require a direct comment on the USMC fitness report.
What is Body composition millitary appearance and fitness report?BCMAP is the program employed by millitary base to develop and build bodies of corps for effectiveness in their work and for their healthiness in performing task.
The Fitness Report is a strategy use by which the Marine Corps so as to check and evaluates Marine's performance for their selection, assignment, retention and capabilities.
Therefore, Self discipline is a BCMAP situation that require a direct comment on the USMC fitness report.
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On January 1 of Year 1, Pierce Company borrowed $200,000 on a 10-year, 7% installment note payable. The terms of the note require Pierce to pay 10 equal payments of $25,000 each December 31 for 10 years. The required general journal entry to record the first payment on the note on December 31 of Year 1 is
a. debit Interest Expense, $14,000; debit Notes Payable, $11,000; credit Cash, $25,000.
b. debit Notes Payable, $14,000; debit Interest Expense, $11,000; credit Cash, $25,000.
c. debit Notes Payable, $25,000; credit Cash, $25,000.
d. debit Notes Payable, 14,000; credit Interest Expense $14,000.
Jack Dossey wears socks of two colours - Yellow and Orange. He has altogether 20 yellow socks and 20 orange socks in a drawer. Supposing he has to take out the socks in the dark, how many must he take out to be sure that he has a matching pair?
The percentage change in the quantity supplied in response to a percentage change in the price is known as the
Select one:
A.
slope of the supply curve.
B.
excess supply.
C.
price elasticity of supply.
D.
All of these.
Answer:
I think it is A I don't think I am correct so yeah
TRUE OR FALSE - The Securities Exchange Commission (SEC) is the authoritative body that has primary responsibility for developing accounting principles.
Which of the following is considered a construction craft?
A: Architect
B: Drafter
C: Bricklayer
Answer:
Bricklayer
Explanation:
This is because with Bricklayer, you are doing physical work, physical construction, which happens to be laying bricks.
If a contingent liability is probable and the amount of the liability can be reasonably estimated, it is
a. not recorded but should be disclosed.
b. recorded and disclosed.
c. recorded only.
d. not recorded and not disclosed.
Vivien's project manager has asked her to analyze the project requirements before finalizing them. What would she look for and address during her analysis?
a) The shortest possible list of requirements
b) duplicated or inconsistent requirements
c) requirements proposed by low priority stakeholders
d) requirements that will take alot of time
Answer:
c
Explanation:
carry on learning sana makatulongHow are the effects of inflation and a recession similar, and how are
they different?
Answer:
When the price of goods and services rises, inflation happens; when the price of goods and services falls, deflation occurs. The delicate balance between these two economic circumstances, which are opposite sides of the same coin, is difficult to maintain, and an economy can quickly shift from one to the other.
A recession occurs when the Gross Domestic Product falls for two consecutive quarters, resulting in a reduction in overall economic activity. Inflation, on the other hand, is the rise in the price of goods and services over time in a given economy.
Max wants to become a dentist. He knows he needs to keep his GPA high to reach this goal. Which of the following is a mid-term goal to help him do this?
Answer: A goal refers to something you want to achieve. These goals could be short term, mid-term and long term. Short term goals are the ones you want to accomplish in less than a year. Mid-term goals refers to the things you want to achieve in three to five years and long term goals refers to things that take 10 years to accomplish.
(Guessing, i could be wrong but i like helping so here your go i guess)
Explanation:
DOs and DON’Ts
DO Organize your response. Look at the question; it has a natural
organizational pattern – a blueprint.
DO Ask your friends and family to help you remember all the details
from which you can select when you write your essay. It is easy
to forget things you have done in the past.
DO Fit your essay into the big picture of your application. If you say
you have always wanted to be a veterinarian, but have no
evidence to show that you have ever been exposed to that
career, your words will be suspect.
DO Show what you are like as a person, but be as selective as
possible. This is not a biography, but a demonstration of the
characteristics that prompted your career choice.
DO Find a controlling idea for your essay. Smooth prose leaves a
good impression. A series of short, curt sentences does not.
DO Find a controlling idea for your essay. Smooth prose leaves a
good impression. A series of short, curt sentences does not.
DO Be positive and upbeat in tone.
DO Show that you know something more about the field you have
chosen than what you have seen on TV or in movies.
DO Take your drafts to the College Writing Center or ask a
guidance counselor for help. Does the essay flow? Is the main
point clear? Do you sound like a real person (preferably an
interesting real person)? Do you have enough detail? Too much
detail?
DO Revise the essay and proofread.
DO Show your final draft to friends. Ask them, “Does this sound like
me?”
DON’T Just tell a story. You want to explain your career goals in
an interesting way, not entertain with descriptive
adjectives.
DON’T Assume names of people and places give enough
information. Describe your activities and experiences as
they relate to your career goals.
DON’T Write what you think the scholarship committee wants to
hear. The committee members can detect b.s. before
opening the packet.
DON’T Use clichés or generalities. This wastes valuable space and
time.
DON’T Brag. Trust that your good points will shine through
Answer:
"Max will work hard to earn all A's on his report card next year."
Explanation:
Type the correct answer in the box. Spell all words correctly.
Kwa Lee works as the production manager in a manufacturing company that makes microwave ovens. He wants the products to meet the
generally applicable standards related to environment radiation.
Which law must Kwa Lee follow related to the products his company manufactures?
Kwa Lee and his company must adhere to the standards in the
Blank
Answer:
Resource conservation and Recovery Act
Explanation:
This is the answrer correct me if wrong
The law that Kwa Lee follow that is related to the products his company manufactures is: Resource conservation and Recovery Act.
What is Resource Conservation and Recovery Act?The Resource Conservation and Recovery Act is an act that was establish to help prevent disposal waste that can be harmful to the our wellbeing .
Based on the given scenario Kwa lee and his has to comply to the standard in the Resource Conservation and Recovery Act.
Therefore the law that Kwa Lee follow that is related to the products his company manufactures is: Resource conservation and Recovery Act.
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Which of the following would not be reported as current liabilities on the balance sheet?
a. Accruals
b. Accounts payable
c. Notes payable
d. Accounts Receivable