in organizational buying, objective attributes of a supplier's products and the capabilities of the supplier itself are known as .

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Answer 1

In organizational buying, objective attributes of a supplier's products and the capabilities of the supplier itself are known as: supplier selection criteria.

These criteria are important for the organization in order to identify the most suitable supplier for the product or service it needs. Supplier selection criteria typically include factors such as quality of the product or service, cost, availability, reliability, delivery times, flexibility and payment terms.

Additionally, the organization may also consider the supplier's resources, experience and technology, as well as any certifications and legal requirements. All of these attributes help the organization make an informed decision when selecting a supplier.

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if real gdp is $15 trillion and the population is 300 million, then real gdp per capita is . multiple choice question. $4,500,000 $50 $50,000 $5,000

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$50,000 is the appropriate response when real gdp is $15 trillion and the population is 300 million.

What is per capita real GDP?

A measure of a nation's economic output that takes into account its population is called per capita real GDP. It is calculated by dividing the population of a nation by its total real GDP. The value of all goods and services produced by a nation in a given year is measured by its real GDP, which is adjusted for inflation. We can estimate the nation's average economic output per person by dividing real GDP by the population.

With a population of 300 million and a real GDP of $15 trillion, we can determine the real GDP per capita as follows:

Real GDP / Population equals real GDP per person.

Real GDP divided by 300 million people equals $15 trillion.

Real GDP per person equals $50,000.

Therefore, choice (c) $50,000 is the appropriate response.

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to protect the competitive economic system by restricting the formation of monopolies, the government has passed and enforced rationing systems. antitrust laws. the imposition of taxes on certain goods. zoning laws.

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To protect the competitive economic system by restricting the formation of monopolies, the government has passed and enforced b: antitrust laws.

Antitrust laws are regulations that aim to promote fair competition and prevent the formation of monopolies or cartels that can control the market and limit competition. These laws are designed to ensure that businesses compete fairly and that consumers have access to a variety of goods and services at competitive prices.

The government enforces antitrust laws by investigating and prosecuting violations, such as price-fixing, market allocation, and other anti-competitive practices that harm consumers and stifle competition.

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how many years it will take to grow your money from $3308 to $9537 if you can earn an interest of 15% compounded quarterly?

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We have to find out how long it will take to increase our money from $3308 to $9537 with a 15% compounded quarterly rate of interest. Let's proceed to the solution below: Solving the given problem: At first, we will use the formula for the compounded quarterly interest: A = P(1 + r/n)^nt where A is the amount of money at the end of the period, P is the initial principal amount, r is the annual interest rate, t is the number of years, and n is the number of times the interest is compounded per year.

Since we have to find the time, we can use the above formula as:  

t = [ln(A/P)]/[nln(1 + r/n)]Where ln is the natural logarithm function. Let's put the given values in the formula, Initial investment P = $3308Final amount A = $9537Interest rate r = 15% = 0.15 per quarter Number of compounding periods per year n = 4 (quarterly)Using these values, we can calculate the time t it will take to reach the final amount as: t = [ln(9537/3308)]/[4ln(1+0.15/4)]t = [1.5844]/[4(0.036)]t = 11.35 years (approx)

Therefore, it will take approximately 11.35 years to grow the money from $3308 to $9537 with a 15% compounded quarterly rate of interest.

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in risk management terminology, an exposure to the chance of injury or financial loss and their associated liability is

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The exposure to the chance of injury or financial loss and their associated liability is commonly referred to as "risk" in the field of risk management.

Here's a step-by-step explanation of this terminology:

Risk: A risk is any potential event or circumstance that could have negative consequences. In the context of risk management, risks are typically divided into categories such as financial, operational, strategic, or reputational.

Exposure: Exposure refers to the degree to which an individual or organization is vulnerable to a particular risk. Exposure is determined by various factors such as the nature of the risk, the likelihood of the risk occurring, and the severity of the potential consequences.

Chance of injury or financial loss: This refers to the probability that an adverse event will occur, resulting in harm or financial loss. The likelihood of such an event depends on various factors, including the nature of the risk and the effectiveness of risk mitigation measures.

Liability: Liability refers to the legal responsibility for damages or losses resulting from a particular event or circumstance. Liability can be incurred by individuals or organizations and can result in financial or legal consequences.

Overall, understanding the terminology of risk management is essential for individuals and organizations to effectively manage potential risks and minimize their exposure to financial loss and other negative consequences.

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what information from the textbook might help you understand why the price of beef in argentina is sensitive to the value of the argentine peso internationally?

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The textbook information that might help understand why the price of beef in Argentina is sensitive to the value of the Argentine peso internationally is related to the concept of exchange rates and their impact on the competitiveness of a country's exports.

According to the textbook, exchange rates refer to the value of one currency in terms of another. When a country's currency depreciates, its exports become cheaper for foreign buyers, which can increase demand for the country's products and stimulate economic growth. On the other hand, when a country's currency appreciates, its exports become more expensive, which can decrease demand for the country's products and hurt its economic growth.

In the case of Argentina, the country is a major exporter of beef, and the price of beef is an important determinant of the country's economic performance. Since beef is denominated in Argentine pesos, a depreciation in the value of the peso can make Argentine beef more affordable and competitive in international markets, leading to increased demand and higher prices. On the other hand, an appreciation in the value of the peso can make Argentine beef more expensive and less competitive, leading to decreased demand and lower prices.

Therefore, understanding the impact of exchange rate fluctuations on the Argentine peso and its effect on the country's exports can help explain why the price of beef in Argentina is sensitive to the value of the Argentine peso internationally.

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it's applicable income tax rate is 25% federal and state combined and if 50% of dividends received are exempt from

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The applicable income tax rate for dividends is 25% for both federal and state taxes combined. However, 50% of dividends received are exempt from taxes.


When answering questions on the Brainly platform, it is important to be factually accurate, professional, and friendly, as well as being concise and providing a step-by-step explanation. Any typos or irrelevant parts of the question should be ignored. The following terms should be used in your answer: "income."Question:

If a company's applicable income tax rate is 25% federal and state combined and if 50% of dividends received are exempt from tax, calculate the company's tax liability if the company's taxable income is $200,000.Solution:

Given, the applicable income tax rate = 25%,Federal tax rate = State tax rate = 25%/2 = 12.5%Taxable income = $200,000Dividends received = 50% of taxable income = 50/100 × $200,000 = $100,000 (exempted from tax)Taxable income - Exempted income = $200,000 - $100,000 = $100,000Total Taxable Income = $100,000Total Tax = (Total Taxable Income × Tax Rate) / 100= (100,000 × 25) / 100= $25,000Therefore, the company's tax liability is $25,000.

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(b) based on the change in part (a), will the demand for loanable funds in this economy increase, decrease, or remain the same? explain.

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The demand for loanable funds in this economy will increase based on the change in part (a).

When the price level increases, the real value of money decreases. This means that the cost of borrowing money becomes cheaper, so people are more willing to borrow funds and invest in projects with higher returns. This increases the demand for loanable funds in the economy.

Additionally, when the real value of money decreases, it becomes more attractive to save money in the form of deposits rather than in physical goods or other assets. This further increases the demand for loanable funds as more people will be seeking to borrow money to finance their investments.

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which of the following dependencies involve relationships between project and non-project activities? external mandatory discretionary inherent

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The discretionary dependencies involve relationships between project and non-project activities.

Discretionary dependencies are the ones that the project team has the power to modify or choose to execute in a particular way. These dependencies are also known as preferred logic, preferential logic, or soft logic.

Some of the examples of discretionary dependencies include such as preferences in sequencing the project activities, using certain equipment, specific building materials, or skilled workers, etc. In general, discretionary dependencies offer flexibility in executing the project plan, and they are used to optimize the project work.

They are the least constraining dependencies, and therefore they offer the most amount of flexibility.

They are also more realistic in many project management scenarios than mandatory dependencies or inherent dependencies, as they provide more flexibility, and the project team can use their best judgment to schedule them in the most appropriate way.

However, as with all types of dependencies, project managers need to be aware of the impact of discretionary dependencies, especially if they have the potential to cause delays in the project schedule or adversely affect the project budget.

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according to the interstate land sales full disclosure act, the buyer of land covered by this law must be given the opportunity to rescind the sales contract within____

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According to the Interstate Land Sales Full Disclosure Act, the buyer of land covered by this law must be given the opportunity to rescind the sales contract within 7 days.

The Interstate Land Sales Full Disclosure Act is a US law that regulates the sale of land by property developers and seeks to safeguard potential buyers from fraud, misrepresentation, and other shady sales tactics.

The Act demands the developer to give the buyer with a detailed disclosure statement before they sign the sales contract. The statement must contain material details about the land and its ownership, zoning and land use, soil and geological data, and any access rights to the land.

The developer must also notify the buyer of their right to rescind the sales contract within seven days of receiving the statement. They are allowed to request a refund of any deposits made within the seven-day period.

In conclusion, the buyer of land covered by the Interstate Land Sales Full Disclosure Act must be given the opportunity to rescind the sales contract within 7 days.

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which type of arrangement is created when a company sells its product line to another firm that agrees to maintain its high levels of quality? joint venture wholly owned subsidiary exporting licensing

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The type of arrangement created when a company sells its product line to another firm that agrees to maintain its high levels of quality is a subsidiary.

What is a Subsidiary?

A subsidiary is a company that is controlled by another company, called the parent company. In this case, the parent company is selling its product line to the subsidiary, and the subsidiary is agreeing to maintain the high levels of quality of the product line.

This allows the parent company to retain some control over the product line while also benefiting from the subsidiary's resources and expertise.

Thus, the answer is: C. Subsidiary.

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Complete Question:

Which type of arrangement is created when a company sells its product line to another firm that agrees to maintain its high levels of quality?

A. joint venture

B. wholly owned

C. subsidiary

D. exporting licensing

if dina must work 0.25 hour to produce each taco, then her production possibilities frontier is based on how many hours of work?

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Dina's production possibilities frontier is based on the number of hours of work she puts into producing tacos.  if Dina works 0.25 So, if Dina works 1 hour, she can produce 4 tacos (1/0.25). If she works 2 hours, she can produce 8 tacos (2/0.25).

The production possibilities frontier (PPF) is a graph that shows the maximum amount of one good that can be produced for every unit of another good. In this case, it is the number of tacos that can be produced in a certain amount of time.

The PPF shows all combinations of tacos and hours of work that will yield the highest possible output. The points on the PPF represent the optimal amount of tacos and hours of work that can be used to produce the most tacos.

The PPF also shows the trade-offs associated with producing tacos. For example, if Dina wants to produce 8 tacos, she can either spend 1 hour and produce 4 tacos, or she can spend 2 hours and produce 8 tacos. The PPF shows that increasing the amount of hours spent on producing tacos increases the total number of tacos that can be produced.

The PPF is important in helping Dina understand the trade-offs she needs to make in order to maximize her production. By understanding the PPF, Dina can better plan her production and know how much work to put into producing tacos.

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having too many alternatives may demotivate decision makers, which harms decision making. this is known as the .

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This phenomenon is known as "choice overload" or the paradox of choice.

Choice overload occurs when people are presented with too many alternatives and become overwhelmed, resulting in demotivation and an inability to make a decision.

This can happen because having more options gives the illusion of freedom, but also can lead to a sense of paralysis. When given too many options, people may doubt their own decisions and be more likely to delay making a decision.

This can cause them to become discouraged, leading to further delay. Additionally, with more options, people become more critical of each option, making it harder to decide.

Therefore, having too many alternatives can harm decision making by leading to choice overload. This can demotivate decision makers and make them less likely to take action. It is important to be aware of this phenomenon and find ways to limit the number of options available when making decisions.

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the most effective strategy for a newcomer to use when entering a market is: a. to spread negative rumors about existing products. b. to overwhelm competitors with mass advertising. c. to offer benefits that allow you to charge a premium.

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The most effective strategy for a newcomer to enter a market is to offer benefits that allow them to charge a premium. Alternative c. is correct.

Offer benefits to charge a premium will allow you to differentiate your product from that of your competitors, without resorting to negative tactics such as rumor mongering. They can establish their product as a high-quality option, while also ensuring that they remain competitive with their pricing.

By creating a competitive advantage with their product, they will be able to draw in more customers and establish a strong market share. Additionally, this strategy allows them to maximize profits, which will enable them to have more resources for marketing and further expansion.

In conclusion, alternative c. to offer benefits that allow you to charge a premium is correct.

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areaif clooney corporation has physical inventory of $53,270 and reports inventory shrinkage of $1,400, what is the company's account balance of merchandise inventory?

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Clooney Corporation's account balance of merchandise inventory is $51,870.

Clooney Corporation's account balance of merchandise inventory can be found by subtracting the inventory shrinkage from the physical inventory. The formula for calculating merchandise inventory is:

Merchandise inventory = Physical inventory - Inventory shrinkage

Plugging in the given values, the account balance of merchandise inventory for Clooney Corporation can be found as:

Account balance of merchandise inventory = Physical inventory - Inventory shrinkage= $53,270 - $1,400= $51,870

Therefore, the company's account balance of merchandise inventory is $51,870. It is important for companies to keep track of their merchandise inventory as it is a key factor in determining their financial performance and profitability.

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eonardo, who is married but files separately, earns $60,500 of taxable income. he also has $15,400 in city of tulsa bonds. his wife, theresa, earns $50,400 of taxable income. how much money would leonardo and theresa save if they file jointly instead of separately for 2022? (use tax rate schedule.) g

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Leonardo and Theresa can save $2,783 by filing jointly instead of separately.

Taxable Income for Leonardo = $60,500Taxable Income for Theresa = $50,400Total Taxable Income for the couple = $60,500 + $50,400 = $110,900We can use the tax rate schedule to find the tax liability for the couple if they file jointly: TAXABLE INCOME TAX RATE$0 - $19,90010%$19,901 - $81,05012%$81,051 - $172,75022%$172,751 - $329,85024%$329,851 - $418,85032%$418,851 - $628,30035%$628,301+37%The first $19,900 of the couple's income is taxed at a rate of 10%. This amounts to $1,990.

The next $61,150 ($81,050 - $19,900) is taxed at a rate of 12%. This amounts to $7,338. The remaining $29,750 ($110,900 - $81,050) is taxed at a rate of 22%. This amounts to $6,545. So the total tax liability for the couple if they file jointly is $1,990 + $7,338 + $6,545 = $15,873.Now let's find out how much the couple would pay in taxes if they file separately.

In this case, Leonardo has a taxable income of $60,500 and Theresa has a taxable income of $50,400. We can use the tax rate schedule again to find their tax liabilities separately: TAXABLE INCOMETAX RATE$0 - $9,95010%$9,951 - $40,52512%$40,526 - $86,37522%$86,376 - $164,92524%$164,926 - $209,42532%$209,426 - $314,15035%$314,151+37%Leonardo's taxable income of $60,500 falls in the 22% tax bracket. So his tax liability is $6,545.

Theresa's taxable income of $50,400 also falls in the 22% tax bracket. So her tax liability is also $6,545. This amounts to a total tax liability of $6,545 + $6,545 = $13,090. Therefore, the couple would save $15,873 - $13,090 = $2,783 by filing jointly instead of separately.

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a taxpayer had agi of $60,000 in year 1. during the same year, the taxpayer incurred $10,000 in qualifying unreimbursed medical expenses, all which were charged to a credit card. the taxpayer paid off $7,000 of the credit card charges by december 31 of year 1. what amount may the taxpayer deduct as an itemized deduction for medical expenses?

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The amount that the taxpayer may deduct as an itemized deduction for medical expenses in year 1 is $0, because they paid off more than their deductible amount.

To determine the deductible amount, the taxpayer must first calculate their medical expense deduction threshold. This threshold is based on the taxpayer's AGI and is equal to 7.5% of their AGI. In this case, 7.5% of $60,000 is $4,500.

Next, the taxpayer must subtract their threshold from their total qualifying medical expenses. In this case, the taxpayer had $10,000 in qualifying medical expenses, so they would subtract the $4,500 threshold from that amount, leaving them with $5,500.

However, the taxpayer only paid off $7,000 of the credit card charges by December 31 of year 1. This means that they can only deduct the amount of medical expenses that they actually paid during the tax year. So, in this case, the taxpayer can only deduct $5,500 - the amount they paid off by December 31 - which is

=> $5,500 - $7,000 = $0.

Since the taxpayer paid off more than their deductible amount, they cannot claim a medical expense deduction on their tax return for year 1.

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what are things economist expect to happen when a price ceiling is implemented for price of apartments

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A price ceiling is an economic measure implemented to limit the amount a particular good or service can cost. Economists often expect decreased quantity of apartments, decreased quality of apartments, uneven distribution of rental costs, and a general decline in the rental market when a price ceiling is implemented for the price of apartments.

Firstly, economists anticipate that the quantity of apartments offered for rent will decrease. This is because the price ceiling limits the potential profit of landlords, so many choose to stop renting out their units. This decreased quantity means the demand for apartments will increase, leading to a shortage of apartments.

Secondly, economists expect that the quality of apartments available for rent to decline. Landlords will have less incentive to maintain their apartments if the price ceiling is set too low, leading to a decrease in the quality of the apartments.

Thirdly, economists anticipate that the cost of renting apartments will be distributed unevenly due to price ceiling. This is because wealthier people will be able to outbid less wealthy people for available apartments, leading to those with lower incomes having difficulty accessing affordable housing.


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economists believe that a monetary policy rule that specifies a constant rate of growth of the money supply may not be the best policy when:

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Economists believe that a monetary policy rule that specifies a constant rate of growth of the money supply may not be the best policy when the velocity of money fluctuates unpredictably.

Monetary policy is the process by which a country's central bank, currency board, or other monetary authority controls the supply of money in the economy, often with the objective of stabilizing interest rates and prices. Economists believe that a monetary policy rule that specifies a constant rate of growth of the money supply may not be the best policy when the velocity of money fluctuates unpredictably.

Money velocity (also referred to as the velocity of money) is the frequency with which a unit of currency is used to purchase domestically produced goods and services within a given period of time. The velocity of money is crucial in determining the amount of economic activity generated by a given money supply. It is a critical variable in determining the inflation rate, as it determines the rate at which the money supply is turned over in the economy. Therefore, if velocity is unpredictable, then growth rates are not predictable, and therefore a constant growth rate is not desirable.Therefore, the correct option is when the velocity of money fluctuates unpredictably.

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which legal entity is correctly paired with the party that bears the ultimate responsibility for paying the legal entity's liabilities?

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The party that will ultimately be liable for the legal entity's debts is appropriately paired with the limited partnership legal entity.

The limited partners have limited liability, which entails that they are only responsible for the partnership's debts to the degree of the investments they made in the business; they are not personally accountable to third parties. In a limited partnership, one or more partners are not responsible for day-to-day operations of the company. All limited partners, also referred to as "silent partners," will have no other role in the company other than that of an investor, and their responsibility will be restricted to the amount of money they give.

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arget costing: multiple choice determines cost based on a budget. determines cost based on an expected market demand for the product. determines cost based upon market price and desired profit. determines cost based on standard cost.

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Target costing is determines cost based upon market price and desired profit. The correct answer is c.

Target costing is a cost management technique that is used to determine the maximum cost that can be incurred in producing a product, while still allowing the company to achieve its desired profit margin.

The process begins with the determination of the market price for the product, based on an analysis of the target market and its demand for the product.

From this market price, the desired profit margin is subtracted to determine the allowable cost of production. This allowable cost is then used as the basis for the company's cost management efforts, with a goal of reducing costs to the point where the desired profit margin can be achieved. The correct answer is c.

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rafael and rocky own a heating and cooling firm that they operate as co-owners. both take an active role in the management of the business, and each accepts unlimited liability. rafe and rocky operate as a

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Rafael and Rocky own a heating and cooling firm that they operate as co-owners. Both take an active role in the management of the business, and each accepts unlimited liability. Rafael and Rocky operate as a general partnership.

This is an arrangement in which two or more people manage a business and accept full responsibility for all business debts and obligations. Each partner has an equal say in the management of the business and each partner is jointly and severally liable for all business obligations.

A general partnership arrangement is beneficial for Rafael and Rocky because it allows them to share the profits and losses of their business equally. They are both equally responsible for any business debts and obligations, which can provide them with more financial security.

Additionally, the arrangement allows for greater flexibility in terms of decision-making, as each partner has an equal say in the management of the business. Finally, it is relatively easy to establish and operate a general partnership, which can help save time and money.

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g to satisfy the valuation assertion when auditing an investment in another company that is publicly and actively traded, an auditor most likely would seek to:

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To satisfy the valuation assertion when auditing an investment in another company that is publicly and actively traded, an auditor would most likely seek to obtain evidence about the fair value of the investment. The auditor would typically obtain this evidence by reviewing the company's financial statements, as well as relevant market data and other sources of information.

The auditor may also use valuation techniques, such as market comparables or discounted cash flow analysis, to independently estimate the fair value of the investment. In addition, the auditor may review the controls in place over the accounting and reporting of the investment, to ensure that the company's financial statements accurately reflect the fair value of the investment.

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he federal reserve board specifies the maximum amount that an investor can borrow to purchase securities. this amount is called a . the sec and the national associati

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The Federal Reserve Board specifies the maximum amount that an investor can borrow to purchase securities, and this amount is called a "margin."

A margin is the amount of money that an investor must put down as collateral to buy securities. The SEC, or Securities and Exchange Commission, is responsible for enforcing the federal securities laws, including those that regulate the securities markets and the companies that issue securities. The SEC also provides investors with information about the securities markets and the companies that issue securities.

The National Association of Securities Dealers, or NASD, is a self-regulatory organization that regulates the securities industry. The NASD is responsible for enforcing the rules and regulations that govern the securities industry, including those that relate to the conduct of broker-dealers and other securities professionals. In summary, the Federal Reserve Board specifies the maximum amount that an investor can borrow to purchase securities, which is called a margin.

The SEC enforces the federal securities laws and provides investors with information about the securities markets and the companies that issue securities. The NASD regulates the securities industry and enforces the rules and regulations that govern the conduct of broker-dealers and other securities professionals.

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why did you choose to apply to/attend isu and how will attending isu benefit you in your future plans?

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I chose to apply to and attend ISU because it is a well-regarded university with a strong academic reputation. I also believe that the resources ISU offers, such as experienced faculty and excellent student services, will provide me with the support I need to achieve my future goals.

Attending ISU will give me access to a wide range of courses and experiential learning opportunities that will provide me with the knowledge and skills necessary to excel in my future career. Additionally, the networking and internship opportunities offered by ISU will provide invaluable experience and help me to develop the necessary skills and connections to pursue my future plans.

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a synonym for professionalism is question 6 options: hard skills. social acceptance. business etiquette. diversity.

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An appropriate synonym for professionalism is business etiquette. Thus, the third option is the correct answer.

Different words with the same or similar meanings are known as synonyms. They can be set up in nouns, verbs, adjectives, adverbs, and prepositions, among other parts of speech. Using synonyms might help us select the term that best expresses what we are trying to say.

Professionalism is the action of oneself with responsibility, integrity, and excellence rather than the wearing of a suit or carrying a briefcase. It entails having proper and effective communication as well as constantly looking for ways to be productive.

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Which is the largest health care program in the United States?

(1 point)
Responses

- DOD TRICARE

- The ACA

- Medicaid

- Medicare

Answers

Answer: medicare

Explanation:

step by step

Answer: D

Explanation: step by step

Tucker owns a factory that produces bicycles. His country experiences significant inflation and the price level rises from 100 to 110 . What do we expect to happen in the short run? A. He will sell at higher prices, but he will also pay higher wages, so he is no better or worse off than he was before the inflation B. His labor costs will be unchanged and he will increase his quantity supplied C. He will produce fewer units because his labor costs have gone up D. His supply curve will shift to the right

Answers

He will sell at higher prices, but he will also pay higher wages, so he is no better or worse off than he was before the inflation. Option A is correct

What do we expect to happen in the short run?

As there is significant inflation in Tucker's country, the price level rises from 100 to 110, Tucker who owns a factory that produces bicycles, will sell his bicycles at higher prices in the short run. Although the selling price of his bicycles will increase, he will also pay higher wages, which means that his labor costs will increase.

The correct option is A: He will sell at higher prices, but he will also pay higher wages, so he is no better or worse off than he was before the inflation.

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an auditor is engaged to report on supplementary information in relation to the financial statements as a whole that is included in a client-prepared document containing audited financial statements. under these circumstances, the auditor has elected to report on the supplementary information in an other-matter paragraph in the audit report on the financial statements. the other-matter paragraph should

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When an auditor is engaged to report on supplementary information in relation to the financial statements as a whole that is included in a client-prepared document containing audited financial statements, and under these circumstances, the auditor has elected to report on the supplementary information in another-matter paragraph in the audit report on the financial statements, the other-matter paragraph should include the following things.

It should include the following information:

References to the supplementary information in the auditor's opinion and report format and location of the supplementary information, and also other information regarding the supplementary information.

In addition, the other-matter paragraph should include a clear statement that the auditor does not provide an opinion on the supplementary information as such.

The purpose of this is to help users understand the auditor's role and the nature of the auditor's work regarding the supplementary information provided by the client. This is important for clarity and transparency in the audit report.

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the temporary account used only for the closing process that contains a credit for total revenues (and gains) and a debit for total expenses (and losses) is the:

Answers

The temporary account used only for the closing process that contains a credit for total revenues (and gains) and a debit for total expenses (and losses) is the income summary account.

What is a temporary account?

A temporary account is an account that contains entries made for only one accounting period. This means that the account's balances are reset at the end of the period.

As a result, these accounts are closed at the end of the accounting period when their balances are transferred to permanent accounts.

Temporary accounts include revenues, expenses, and dividends. Since they are used to record a company's activities for a specified period, they are typically adjusted and closed at the end of the period.

Permanent accounts, such as assets, liabilities, and equity accounts, are not closed at the end of an accounting period but instead carry over to the next period.

What is the income summary account?

The income summary account is a temporary account used during the closing process to collect all of the revenue and expense balances and transfer them to the retained earnings account.

It aids in the preparation of financial statements by summarizing the revenue and expense accounts' balances for the period in one account. It helps to close temporary accounts by aggregating their balances at the end of the period.

The income summary account has a credit balance that equals the total revenue and gains and a debit balance that equals the total expenses and losses at the end of the accounting period.

When the balance in the income summary account is transferred to retained earnings, it is closed for the period.

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Answer: income summary account

Explanation:

(table: price elasticity in the market for matcha tea) use table: price elasticity in the market for matcha tea. what is the price elasticity of demand, computed using the midpoint method, between $2.25 and $2.00?

Answers

The price elasticity of demand, computed using the midpoint method, between $2.25 and $2.00 in the market for matcha tea is -2.73.

Price elasticity of demand is an economic measure of how demand for a product changes when the price of the product changes.

It measures the percentage change in demand when there is a one percent change in price.

The midpoint method is a way of calculating the elasticity of demand between two points, and is calculated by taking the difference between the

two points, dividing it by the midpoint of the two prices, and then dividing it by the difference between the two quantities demanded at the two prices.

For example, in the market for matcha tea, the price elasticity of demand between $2.25 and $2.00 is -2.73.

This means that if the price of matcha tea is decreased from $2.25 to $2.00, then the quantity demanded will increase by 2.73%.

This can be calculated by taking the difference between the two prices ($2.25-$2.00), dividing it by the midpoint of the two prices (($2.25+$2.00)/2),

and then dividing it by the difference between the two quantities demanded at the two prices (10-5).

In conclusion, the price elasticity of demand is -2.73, meaning that a one percent decrease in price results in a 2.73 percent increase in demand.

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