Answer:
a) Benefit = (380 students multiplied by Willing to pay) minus the Initiative's cost
(380 x $14) - $1,540 = $3,780
b) The benefit is more than the cost.
c) B. Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.
Explanation:
1. A benefit is the positive result of a transaction, initiative, or project. It is calculated as the difference between the revenue derived from the project minus the cost. A project is acceptable if the benefits outweigh the cost. Since beautification is a public good, the benefit is not only in terms of finances, environmental beautification is a benefit in its own right.
2. A random sample is a sample obtained using the sampling technique called random sampling. It is used to avoid bias. Using the entire population also avoids bias. So random sampling is a good method of surveying and gathering data, and as such does not "yield misleading data."
Burnside's has average accounts receivable of $33,700, average inventory of $54,200, sales of $364,200, and cost of goods sold of $193,400. How long does it take the firm to sell its inventory and collect payment on the sale?
It takes Burnside's approximately 102 days to sell its inventory and about 33.7 days to collect payment on the sale.
To calculate the inventory turnover and accounts receivable turnover, we can use the following formulas:
Inventory Turnover = Cost of Goods Sold / Average Inventory
Accounts Receivable Turnover = Sales / Average Accounts Receivable
Given the information provided:
Average Accounts Receivable = $33,700
Average Inventory = $54,200
Sales = $364,200
Cost of Goods Sold = $193,400
Calculating the turnover ratios:
Inventory Turnover = $193,400 / $54,200 = 3.57
Accounts Receivable Turnover = $364,200 / $33,700 = 10.81
The inventory turnover of 3.57 indicates that Burnside's sells its entire inventory approximately 3.57 times per year. This implies that, on average, it takes about 102 days (365 days divided by 3.57) for the firm to sell its inventory.
The accounts receivable turnover of 10.81 suggests that Burnside's collects payment on its sales approximately 10.81 times per year. This implies that, on average, it takes about 33.7 days (365 days divided by 10.81) for the firm to collect payment on the sale.
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What is true about early managers?
Answer:
Well there Hell to work with they think everything belongs to them and there just brats.
Explanation:
Because so many customer balances consist of multiple invoices, what could the auditors do to eliminate unnecessary reconciliation
In order to eliminate unnecessary reconciliation the auditors could request to send empty letter spaces to the customers.
Then the auditor should make the request of asking these customers that they should write out their balances in these letters.
The reason why the auditor has to do this is to check if they are correct or if they are not.
The account receivable has to be sent by this firm in order to determine if the customers have same amount of balance.
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The coupon rate on a debt issue is 9%. If the yield to maturity on the debt is 8%, what is the after-tax cost of debt in the weighted average cost of capital if the firms tax rate is 35%?
The after - tax cost of debt, based on the firm's tax rate and the yield to maturity is 5.2 %
How to find the after - tax cost of debt?The after - tax cost of debt refers to the interest rate paid on the debts that a company has, after the tax has been adjusted for. This is an important rate because debt is a tax deductible expense.
The after - tax cost of debt is found by the formula:
= Cost of debt x ( 1 - tax rate)
The cost of debt is the yield to maturity.
The after - tax cost of debt is:
= 8 % x ( 1 - 35%)
= 5.2%
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"I'll let you sell the Harley-Davidson designer clothes only if you'll also sell a new line of clothes designed by Paula Abdul, too." This statement made by a salesperson to a specialty retailer is potentially an example of _______ and may be in violation of the Clayton Act prohibition if the action substantially lessens competition.
Answer:
B)tie-in sales.
Explanation:
Theses are the options for the question;
A. misrepresentation.
B. tie-in sales.
C. reciprocity.
D. price discrimination.
E. kickbacks
From the question, we are informed about a statement ""I'll let you sell the Harley-Davidson designer clothes only if you'll also sell a new line of clothes designed by Paula Abdul, too."
This statement made by a salesperson to a specialty retailer is potentially an example of tie- sales and may be in violation of the Clayton Act prohibition if the action substantially lessens competition.
It should be noted that tie - in sales in finance means that when a cusumer buys a goods he/she must buy the other product, it simply means the products are tied, and this is opposite of Clayton Act which was set up to bring end to transactions that can lead to monopolies.
Diana is crafting an email to her team about a new project that needs to start right away. In order for her team to act immediately, Diana should ensure
the message is
A) in writing.
B) spontaneous.
C) complete.
D) short.
E) in italics.
Answer:
E
Explanation:
Italic is used to emphasize.
Diana should ensure the message is complete.
Mail writing is the common mode of sending and exchanging information with business colleagues, clients, managers etc.
It is important that learn the basics on how to construct word to gain attention, how to design and other features that are essentials of an email application.Since Diana is drafting a mail to her team and need the team to act immediately, she definitely needs to pass all information that will be needed to be communicated to her team, thus, her message must be complete.However, some of E-mall etiquette that must be adhere to include:
Use of professional email addressIncluding a signature block Using professional salutationsIn conclusion, a complete messages of this type passes all the information that might be needed to the colleague.
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What are some Benefits of Government Debt?
Answer:
Increasing the debt allows government leaders to increase spending without raising taxes.
It can help deal with a crisis.
Explanation:
Discussion Topic
Please post detailed answers to the following questions. Please use complete sentences.
Imagine that a friend asks you for investment advice. He has $10,000 to invest and he has about 35 years before he
will be ready for his financial goal of early retirement. What types of investments would you recommend to your friend?
Why? What other investing advice would you give him to help him achieve his financial goals?
Answer:
If a friend asked me for investment advice, I would recommend a mix of stocks and bonds for his portfolio. Given that he has 35 years to achieve his financial goal of early retirement, he has a long-term investment horizon. Therefore, he can afford to invest in riskier assets like stocks, which have historically provided higher returns than bonds. However, to mitigate the risk of market volatility, I would suggest investing a portion of his money in bonds, which are more stable and provide a steady income stream.
I would also advise my friend to diversify his portfolio by investing in different sectors of the economy, such as technology, healthcare, and energy. This can help spread the risk and increase the potential for higher returns. Additionally, I would recommend that he invest in index funds or exchange-traded funds (ETFs), which provide exposure to a broad range of stocks or bonds and are a cost-effective way to achieve diversification.
Another important piece of advice I would give my friend is to avoid market timing and instead focus on investing for the long term. It's difficult to predict the short-term movements of the market, so trying to time the market can result in missed opportunities and costly mistakes. Instead, he should adopt a buy-and-hold strategy and be patient with his investments.
Finally, I would remind my friend to regularly monitor his portfolio and rebalance it if necessary. Over time, his investments may drift from his target allocation due to market fluctuations, so he should periodically review and adjust his portfolio to ensure it stays aligned with his financial goals and risk tolerance.
What is meant when a company is going through the "refreeze"
Answer:
Refreezing is the process of fixing these new ideas into the minds of the employees and managers so that they form the new set of beliefs, values, and norms of the organization.
Which of the following is correct?
Multiple Choice:
A) Statement of Cash Flows is reported on a particular date
B) Income Statement is reported on a particular date
C) Balance Sheet is reported on a particular date
D) Balance Sheet is reported for a specific time period
Balance Sheet is reported for a specific time period. Hence, option D is appropriate.
What is the Balance Sheet?A balance sheet is a summary of the financial positions of a person or an organization in financial accounting, regardless of whether they are a sole proprietorship, a business partnership, a corporation, a private limited company, or another type of organization like the government or a not-for-profit entity.
A financial statement that lists a company's assets, liabilities, and shareholder equity at a certain point in time is referred to as a balance sheet. The foundation for calculating investor return rates and assessing the capital structure of a company is provided by balance sheets.
A balance sheet provides you with a quick overview of your company's financial situation at any given time. A balance sheet, along with an income statement and a cash flow statement, can aid business leaders in assessing the financial health of their organization.
Hence, option D is correct.
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Describe the process you will use to manage your career readiness.
Answer:
My career is my Very own Butt
A firm operates in perfectly competitive market. The market price of its product is 6 birr and the cost function is given by 1/3Q3-5Q2+20Q+50, where TC is total cost and Q is the level of output. A. What level of output firm should the firm produce to maximize its profit? B. Determine the level of profit at equilibrium C. What a minimum price is required by the firm to stay in the market?
To maximize profit in a perfectly competitive market, the firm should produce at the output level where marginal cost (MC) equals the market price (P).
The total cost (TC) function is given as:
TC = 1/3Q^3 - 5Q^2 + 20Q + 50
To find the marginal cost, we need to take the derivative of the total cost function with respect to Q:
MC = dTC/dQ = Q^2 - 10Q + 20
A. To maximize profit, set MC equal to the market price (P) and solve for Q:
Q^2 - 10Q + 20 = 6
Q^2 - 10Q + 14 = 0
Solving this quadratic equation will give us the level of output (Q) that maximizes profit. Using the quadratic formula, we find:
Q ≈ 2.34 or Q ≈ 7.66
Since Q represents the level of output, it cannot be a fraction or negative value in this context. Therefore, the firm should produce approximately 7 units of output to maximize profit.
B. To determine the level of profit at equilibrium, we need to calculate total revenue (TR) and subtract total cost (TC) at the output level where MC = P.
TR = P * Q
TR = 6 * 7 = 42
Profit (π) = TR - TC
Profit (π) = 42 - TC
To calculate the specific level of profit, we need the total cost equation. Substituting the value of Q into the TC equation, we can find the total cost at equilibrium.
C. To determine the minimum price required by the firm to stay in the market, we need to consider the level of average variable cost (AVC). If the price falls below AVC, the firm would be better off shutting down in the short run.
AVC = TVC / Q
AVC = (TC - TFC) / Q
However, the total fixed cost (TFC) is not provided in the given information. Without the TFC value, we cannot determine the minimum price required to stay in the market.
Therefore, we can answer parts A and B, but we cannot determine the minimum price required to stay in the market without the total fixed cost (TFC) information.
ABC Corporation has declared a rights offering to stockholders of record on Friday, December 10th. Under the offer, shareholders need 10 rights to subscribe to 1 new share at a price of $19. Fractional shares can be rounded up to purchase 1 full share. As of the ex date, the stock is trading at $29. The value of the right is:
Answer:
The value of a right is $1
Explanation:
10 rights are needed to buy 1 share at the price of $19
Value of total rights = $29 - $19 =$10
Value of a right = \(\frac{10}{10}\) = $1
A company that maintains its books and records under IFRS is applying the revaluation model to a certain fixed asset. In previous years, the value of the asset had declined. In the current year, however, the asset has appreciated in value by an amount that is greater than the cumulative decrease that had occurred previously. How will the company report the asset on the year-end balance sheet for the current year
Answer: See explanation
Explanation:
The revaluation model is when the fixed asset of a business or an organization is carried at its revalued amount.
Based on the question asked, the asset will be valued based on the new fair value with regards to the increase. It should be noted that the remainder recognized will then be recognized in the other comprehensive income.
The typical consumer buying process include which of the following steps?
Environmental scanning, need recognition, research, purchase, post-
purchase evaluation
Information search, need recognition, benefit alignment, selection, post-
purchase evaluation
Information search, need recognition, evaluation, purchase, post-
purchase evaluation
Need recognition, information search, evaluation, purchase, post-
purchase evaluation
The typical consumer buying process include option D: Need recognition, information search, evaluation, purchase, post- purchase evaluation
Why is the purchase process crucial for consumers?Consumer buying behavior describes the steps that consumers take before making a purchase of a good or service, both online and offline. Search engine research, participation in social media discussions, and a range of other activities could be part of this process.
Businesses may select how to promote their goods and services most effectively by comprehending how consumers think, feel, and make decisions. This aids in predicting consumer behavior and helps marketers promote their already-available goods and services. 2
There are five fundamental steps in the decision-making process for consumers. Consumers use this technique to weigh their options before making a purchase. Problem identification, information search, as well as alternative assessment, buy decision, and post-purchase evaluation are all the five steps.
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A manufacturer of banana chips would like to know whether its bag filling machine works correctly at the 420 gram setting. Is there sufficient evidence at the 0.01 level that the bags are underfilled or overfilled? Assume the population is normally distributed.
State the null and alternative hypotheses for the above scenario.
Answer: See explanation
Explanation:
The null hypotheses for the above scenario will be the statement of no effect and it'll be the mean weight of the bag that filled will be 420 grams.
H0: μ = 420
The alternative hypotheses for the above scenario will be that the bag isn't filled with 420 grams. They are either underfilled below 420 grams or overfilled above 420 grams.
Ha: μ ≠ 420
In preparing a monthly bank reconciliation, a business follows several steps. Place the selected steps below in the correct order of occurrence.
1 Identify the bank statement balance then add any deposits in transit and subtract any outstanding checks.
2 Compute the adjusted bank balance.
3 Identify the company's book balance.
4 Add any unrecorded credit memoranda from the bank, interest earned, and errors understating the book balance.
5 Identify and list any unrecorded debit memoranda from the bank, service charges, and errors overstating the book balance.
6 Compute the adjusted book balance and compare it to the adjusted bank balance to verify equality.
Determine the balance on the bank statement, then add any deposits that are still being processed and deduct any past-due checks. Calculate the updated bank balance.
Determine the firm's book balance. Add any unrecorded bank credit memos, interest earned, and inaccuracies that result in the book balance being understated. List any unrecorded debit notes from the bank, service fees, and mistakes that overstate the book balance. To ensure that the adjusted bank balance and the adjusted book balance are equivalent, compare the two. An official summary of all financial transactions made for each bank account that a person or business has with a financial institution within a specific time period is known as a bank statement. These are financial institution-prepared statements that are numbered, specify the time period they cover, and may also include other information pertinent to the type of account, like the amount due by a specific date. Typically, the statement period's start date is the day following the conclusion of the preceding statement period. Details on a statement that has already been created and distributed to the customer are typically not changeable; any errors would typically be fixed on a subsequent statement along with communication that explains why the modification was made.
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Every day, Josephine buys coffee and lottery tickets. She has a budget of $12. The coffee at the bodega she goes to costs $0.75 and lottery tickets are $1.50 each. Which equation represents Josephine's budget constraint?
Answer:
12= 0.75x +1.5y
Explanation:
Josephine's budget constraint is represented by 0.75 + 1.5x ≤ 12 and thus Josephine can buy 7 lottery tickets.
What is inequality?A difference between two values indicates whether one is smaller, larger, or basically not similar to the other.
A mathematical phrase in which the sides are not equal is referred to as being unequal. In essence, a comparison of any two values reveals whether one is less than, larger than, or equal to the value on the opposite side of the equation.
Let's say the number of lottery tickets that Josephine can buy = x
Then,
1.5x = the Total amount of money for a lottery ticket.
Now,
Coffee cost + Lottery cost ≤ Budget
0.75 + 1.5x ≤ 12
1.5x ≤ 11.75
x ≤ 7.5 so Josephine can buy only 7 tickets.
Hence "Josephine's budget constraint is represented by 0.75 + 1.5x ≤ 12".
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what are 2 different types of budgets and discuss how they complement each other?
There are two main types of budgets: operational budgets and financial budgets.
Operational budgets are used to plan and monitor the day-to-day operations of a business, and typically cover a period of one year. These budgets include items such as revenue projections, production costs, and operating expenses. Operational budgets are crucial for ensuring that a business stays on track and meets its operational goals. Financial budgets, on the other hand, are focused on the long-term financial health of a business. They include items such as capital expenditures, financing costs, and cash flow projections. Financial budgets are used to help businesses plan for the future and make strategic decisions about investments and growth. These two types of budgets complement each other by providing a comprehensive view of a business's operations and financial health. Operational budgets help to ensure that day-to-day activities are aligned with the overall goals of the business, while financial budgets provide a roadmap for achieving long-term success. By using both types of budgets, businesses can make informed decisions about resource allocation, identify potential risks, and maintain a strong financial position over the long term.
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The CPI is based on the prices of a carefully selected market
basket of goods, all of which consumers can purchase at a
supermarket.
O True
O False
The CPI is based on the prices of a carefully selected market basket of goods, all of which consumers can purchase at a supermarket is false.
The CPI is a measure of inflation that tracks the average change over time in the prices paid by urban consumers for a fixed basket of goods and services.
The basket of goods and services included in the CPI represents the typical spending patterns of urban households, but it is not limited to items found in a supermarket. The basket includes a wide range of goods and services, such as housing, transportation, healthcare, education, and recreation, in addition to food and beverages.
The Bureau of Labor Statistics (BLS) in the United States, which calculates the CPI, regularly updates the basket of goods and adjusts their weights based on consumer spending patterns. The BLS collects data from thousands of retail stores, service establishments, and other providers to ensure a representative sample of prices across different regions and types of businesses.
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If the equipment account has a balance of INR. 22,50,000 and the accumulated depreciation
account has a balance of INR. 14,00,000, the book value of the equipment is
Select one:
O a. 8,50,000
O b. 17,00,000
O c. 14,00,000
O d. 36,50,000
Answer:
a. 8,50,000
Explanation:
Account balance INR, 22, 50,000
Accumulated depreciation INR. 14,00,000
The book value is the difference between the account balance and the accumulated depreciation
= INR, 22,50,000 - INR. 14,00,000
=INR, 8,50,000
a possible cause of favourable material price is
What does the fox say? I am not talking about the song, what does it say in real?
Answer:
The most commonly heard red fox vocalizations are a quick series of barks, and a scream-y variation on a howl. All fox vocalizations are higher-pitched than dog vocalizations, partly because foxes are much smaller.
Explanation:
Hope this helps ✌
The following trial balance was extracted from the books of Kalekeno, a sole trader, at 31st Dec2018:
Dr Cr
Stock DEC 31st 2017 23,680
Carriage outward 2,000
Carriage inwards 3,100
Returns 2050 3,220
Purchases and sales 118,740 186,000
Salaries and wages 38,620
Rent 3040
Insurance 780
Motor expenses 6,640
Office expenses 2160
Lighting and heating expenses 1,660
General expenses 3140
Premises 50,000
Motor vehicles 18,000
Fixtures and fittings 3,500
Debtors and creditors 38,960 17,310
Cash at bank 4820
Drawings 12,000
Capital 126,360
332,890 332,890
Additional information
i) Closing stock was valued at ksh 29,460 as at 30th June 2018
ii) Mr kalekeno took part of the stock amounting to ksh 3000 for personal use
iii) Salaries and wages amounting to ksh 8,000 were pre-paid and ksh 360 of motor expenses accrued
iv) Bad debts written off amounted to 860
v) Depreciation is to be provided for as follows:
Premises at 20%
Fixtures and fittings at 15%
Motor vehicles at 25%
All of a above asset were depreciated at cost
a) The income statement for the year ended 30 th June 2018 ( 5marks)
b) The statement of financial position (5 Marks)
Answer:
Stock DEC 31st 2017 23,680
Carriage outward 2,000
Carriage inwards 3,100
Returns 2050 3,220
Purchases and sales 118,740 186,000
Salaries and wages 38,620
Rent 3040
Insurance 780
Motor expenses 6,640
Office expenses 2160
Lighting and heating expenses 1,660
General expenses 3140
Premises 50,000
Motor vehicles 18,000
Fixtures and fittings 3,500
Debtors and creditors 38,960 17,310
Cash at bank 4820
Drawings 12,000
Capital 126,360
332,890 332,890
Additional information
i) Closing stock was valued at ksh 29,460 as at 30th June 2018
ii) Mr kalekeno took part of the stock amounting to ksh 3000 for personal use
iii) Salaries and wages amounting to ksh 8,000 were pre-paid and ksh 360 of motor expenses accrued
iv) Bad debts written off amounted to 860
v) Depreciation is to be provided for as follows:
Premises at 20%
Fixtures and fittings at 15%
Motor vehicles at 25%
All of a above asset were depreciated at cost
a) The income statement for the year ended 30 th June 2018 ( 5marks)
b) The statement of financial position (5 Marks)
Explanation:
i. QUESTION THRee Consider the below information which reflects the changes in prices and quantities of each individual good in hypothetical economy. PRICES ii. ITEM Cotton Clothes Soft drinks QUANTITIES ITEM Cotton Clothes Required Soft drinks 2021 Tsh. 10 Tsh. 20 Tsh. 30 2021 200 400 600 2022 Tsh. 20 Tsh. 24 Tsh. 50 2022 250 450 650 2023 Tsh.14 Tsh.26 Tsh.48 2023 300 500 700 Compute the Consumer Price INDEX for year 2021, 2022 and 2023 using a base year. Determine the percentage increase of inflation from 2022 to 2023.
Answer:
To compute the Consumer Price Index (CPI) for the given years, we will use 2021 as the base year. The CPI measures the average price changes of a basket of goods and services over time.
Step 1: Calculate the total expenditure for each year using the base year prices:
2021: (Tsh.10 * 200) + (Tsh.20 * 400) + (Tsh.30 * 600) = Tsh.20,000 + Tsh.80,000 + Tsh.180,000 = Tsh.280,000
2022: (Tsh.10 * 250) + (Tsh.20 * 450) + (Tsh.30 * 650) = Tsh.25,000 + Tsh.90,000 + Tsh.195,000 = Tsh.310,000
2023: (Tsh.10 * 300) + (Tsh.20 * 500) + (Tsh.30 * 700) = Tsh.30,000 + Tsh.100,000 + Tsh.210,000 = Tsh.340,000
Step 2: Calculate the CPI for each year using the formula:
CPI = (Total expenditure in the given year / Total expenditure in the base year) * 100
CPI for 2021 = (Tsh.280,000 / Tsh.280,000) * 100 = 100
CPI for 2022 = (Tsh.310,000 / Tsh.280,000) * 100 = 110.71
CPI for 2023 = (Tsh.340,000 / Tsh.280,000) * 100 = 121.43
Step 3: Calculate the percentage increase of inflation from 2022 to 2023:
Percentage increase = ((CPI in 2023 - CPI in 2022) / CPI in 2022) * 100
Percentage increase = ((121.43 - 110.71) / 110.71) * 100 ≈ 9.68%
Therefore, the Consumer Price Index for 2021, 2022, and 2023 using 2021 as the base year is 100, 110.71, and 121.43, respectively. The percentage increase of inflation from 2022 to 2023 is approximately 9.68%.
__________________________
Answer:
ano yan wala namang question ehh
FRY-9C, FRY-14M, FRY-14Q, FRY-2052a, FP&A, CRR
What are these terms exactly mean? How do they work in business? What each term do?
The terms mentioned above are used in economics and have to do with finance.
What are FRY-9C, FRY-14M, and FRY-14Q?In order to keep an eye on financial institutions in between on-site inspections, the FR Y-9C is the main analytical tool employed. The form, which is the most frequently requested and scrutinized report at the holding company level, contains more schedules than any other report in the FR Y-9 series.
The FR Y-14M report gathers monthly in-depth information on the loan portfolios of bank holding companies (BHCs), savings and loan holding companies (SLHCs), and intermediate holding companies (IHCs). Three loan- and portfolio-level collections, as well as one in-depth address matching collection, make up the report.
On a quarterly basis, the FR Y-14Q compiles comprehensive information on the various asset classes, capital components, and pre-provision net revenue (PPNR) categories of the bank holding companies (BHC), savings and loan holding companies (SLHCs), and intermediate holding companies (IHC).
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You realize you forgot to pay yourself for work done in February. You create an account called
"Accrued Expenses" (Account #221) and record the $300 due you for your accounting work
You use Feb23.2 as the entry number
Based on the fact that you created an account called accrued expenses and need to record the $300 you are due for your accounting work, the journal entry would be:
Date Account Title Debit Credit
Feb 23 Accrued expenses $300
Accounts Payable $300
How to record accrued expenses?Accrued expenses are expenses which means that they will be recorded like expenses are. When expenses increase, they are debited to the expenses account which in this case is the Accrued expenses account. The amount of $300 is therefore debited to the Accrued expenses account.
Accrued expenses mean that a business has not paid for certain expenses and so owe them. They will therefore be credited to the accounts payable account as was done above.
Rest of the question is:
You use Feb23.2 as the entry number to make the relevant journal entry.
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a _____ attempts to gain access to a system for malicious purposes without the owner's consent.
Answer:
A black hat hacker
Answer: Black hat hacker
Explanation:
How does techonology contribute the development of our economy?
Answer:
it's very important question because ppl focuses on investment they no think its profit or not people also contribute in theory which make advance machinery and helps to go rich the society
In economics, it is widely accepted that technology is the key driver of economic growth of countries, regions and cities. Technological progress allows for the more efficient production of more and better goods and services, which is what prosperity depends on.