Comparative statics analysis is a critical tool that economists use to understand the behavior of economic variables in different scenarios. It helps us to identify how changes in exogenous variables affect endogenous variables and the internal workings of economic models.
As an economist, comparative statics analysis is a crucial tool that helps us to understand the relationship between two different economic variables. We use this analysis to study the changes in an economic variable when we alter another variable.
The primary reason we do comparative statics analysis is to identify how changes in exogenous variables affect endogenous variables. Endogenous variables are economic variables that depend on other variables within the economic model, while exogenous variables are independent of these other variables.
Through comparative statics analysis, we can study the behavior of endogenous variables when we alter exogenous variables. For instance, if we want to understand how the price of a product affects the quantity demanded, we can perform a comparative statics analysis by keeping all other variables constant and only changing the price of the product. This helps us to identify the relationship between price and quantity demanded.
The role of endogenous variables in comparative statics analysis is to help us identify the internal workings of the economic model. These variables are affected by other variables within the model, and therefore, they help us to understand the complex relationships within the model.
On the other hand, exogenous variables play a crucial role in comparative statics analysis because they are independent of other variables within the model. By altering exogenous variables, we can identify how the model behaves in different scenarios.
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State what your two dummy variables are, one for predicting price, and the other for predicting
foundation problems.
1. For predicting price, the dummy variable could be "Location" indicating whether the property is in a prime location or not.
2. For predicting foundation problems, the dummy variable could be "Age of Property" indicating whether the property is new or old.
1. For predicting price, the dummy variable could be "Location." This variable would have two values, such as 0 and 1, representing different location categories, such as prime location (1) and non-prime location (0). The presence of a prime location dummy variable suggests that properties in prime locations tend to have higher prices.
2. For predicting foundation problems, the dummy variable could be "Foundation Type." This variable would have two values, such as 0 and 1, representing different foundation types, such as solid foundation (1) and problematic foundation (0). The presence of a foundation type dummy variable allows for assessing whether a particular type of foundation is associated with a higher likelihood of encountering problems.
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which of these items do not appear on a balance sheet? multiple select question. knowledge that has no patent favorable economic conditions good management accounts payable
Items that do not appear on a balance sheet include knowledge that has no patent, favorable economic conditions, and good management.
These items are not considered assets or liabilities and therefore are not included on a balance sheet. Accounts payable, however, is a liability and is included on the balance sheet.
So the correct answer is:
knowledge that has no patentfavorable economic conditionsgood managementA balanced sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time. It is used to gain insight into the financial strength of a company. The assets section of a balanced sheet includes all the resources a company owns, such as cash, accounts receivable, inventory, and fixed assets.
The liabilities section includes all debts and other obligations, such as accounts payable, accrued expenses, and long-term debt. The shareholders' equity section shows the net worth of the company and is calculated as the total assets minus total liabilities.
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Make a list of getting information about employment an publishes.
( GETTING LIST OF INFORMATION ABOUT EMPLOYMENT AND PUBLISHES : )
-Personal contacts.
-School career planning and placement offices.
Classified ads.
-National and local newspapers. Professional journals.
-Trade magazines.
-Internet networks and resources.
-State employment service offices.
-Federal government.
-Professional associations.
-Labor unions.
Smolira Golf Corp. has 20,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 was $58. What is Tobin’s Q for Smolira Golf? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
Note: Missing question is attached below
Market value of equity = Shares * Share price = 20,000 * $58 = $1,160,000
Total debt = Current liabilities + Long term debt = $83,416 + $145,000 = $228,416
Book value of assets = $627,868
Tobin's Q = MV of equity + Bv of debt / Bv of assets
Tobin's Q = $1,160,000 + $228,416 / $627,868
Tobin's Q = 2.21
yasmin al-fadl plans to retire in the year 2050. she is considering a fund that will be more risk-oriented now and become increasingly conservative as she approaches retirement. which of the following funds would you recommend to her? O A) Regional fund B) Equity income fund C) Sector fund D) Fund of funds E) Life-cycle fund
Based on Yasmin Al-Fadl's retirement plans, the most suitable fund for her would be a life-cycle fund. This type of fund is designed to become increasingly conservative as the investor approaches retirement age.
The fund's investment strategy is tailored to the investor's age and investment goals. In the earlier years, the fund will be more focused on high-risk investments to maximize returns, while in later years, it will gradually shift towards more stable and low-risk investments to preserve the investor's capital.
This approach ensures that the investor's retirement savings are protected while providing them with the opportunity to earn a decent return on their investment. Therefore, a life-cycle fund would be the most appropriate choice for Yasmin Al-Fadl's retirement plans, as it is a well-diversified fund that balances and returns in line with the investor's retirement goals.
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Taylor is analyzing the effects of wage rates on the supply of laptop computers. By using the ceteris paribus assumption, Taylor is __________.
a. holding the supply of laptop computers constant
b. holding all costs of production other than the wage rate constant
c. holding wage rates constant
d. not considering retail price of laptop computers
Taylor is analyzing the effects of wage rates on the supply of laptop computers. By using the ceteris paribus assumption, Taylor is holding all costs of production other than the wage rate constant Option B
The ceteris paribus assumption is an important concept in economic analysis. It allows economists to isolate and examine the relationship between two variables while assuming that all other factors remain constant.
In this case, Taylor is specifically interested in understanding the impact of wage rates on the supply of laptop computers.
By holding all costs of production other than the wage rate constant, Taylor can analyze how changes in the wage rate alone affect the supply of laptops. This assumption helps to simplify the analysis and isolate the specific influence of wage rates on the decision of firms to supply laptops.
It's worth noting that the ceteris paribus assumption does not mean that other factors are not relevant or do not have an impact on the supply of laptops. It simply means that, for the purpose of this analysis, those factors are being temporarily held constant to focus solely on the relationship between wage rates and supply. Option b
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PROFIT/LOSS = TOTAL REVENUE - TOTAL COSTS
lan set up a taxi firm one month ago. He has calculated that his total monthly revenue was £2400.
He has added his costs together for the first month and they came to £2800. However, he spent
£1000 on a car for the business that he will not need to spend again.
1) What was his profit/loss for the month?
For the month it was €
1
2) Next month, what will his profit/loss be?
3) List 2 things that could happen that would increase his costs?
Answer:
What's the question? :) I'm an econ major btw.
Explanation:
What type of insurance would cover a cover a customer injury caused by a product design defect?
Answer:product liability
Explanation:
Apex
One would speak of a change in the quantity of a good supplied, rather than a change in supply, if
a. the cost of producing the good changes.
b. prices of substitutes in production change.
c. the price of the good changes.
d. supplier expectations about future prices change.
If the price of the good changes, one would talk about a change in the quantity of the good delivered rather than a change in supply.
According to the law of supply, when a good's price increases, so does the amount supplied, and when a good's price decreases or decreases, so does the quantity supplied. According to the law of supply, when a good's price increases, so does the amount supplied, and when a good's price decreases or decreases, so does the quantity supplied. In order to maximise profit and income, producers often manufacture and supply more items and services when the price is high. The law of demand asserts that when a good's price increases, the amount desired decreases or increases, and vice versa.
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A basic concept in economics is that all resources are
O scarce.
• allocated.
valuable.
O renewable.
A basic concept in economics is that all resources are scarce. Thus, option a. is the correct answer.
Explain about the basic concept about the economics.
Every person's life includes doing economics on a regular basis in addition to studying it. It serves as a means of balancing the inputs and outputs of money. Whatever it is, one should prepare before the month or count at the end of the month or year, whether it is a small family, a large family, a small commercial enterprise, or a giant organisation. Economics seeks to strike a balance between the unending demands and the finite resources.
After saying this, we'll start talking about the topic of "economics." The pupils who are just beginning their studies in commerce in class XI will find this subject extremely interesting. In essence
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Answer:
Option A scarce
Explanation:
The repair service that fixes your farming equipment doesn’t seem to fix your plow correctly. The technician says that if you are not happy, you can buy a new plow from him, but the cost is extremely high. Do you have other options available to you for higher-quality repairs or cheaper equipment? Explain your answer.
Answer:
Your best option would be for higher quality repairs and higher quality equipment, this would save you more money and time in the long run where you have the ability to do other things.
Explanation:
Mark as Brainliest please!
Ill give u a cookie
Answer:
No, because in command economies, there is no competition. So, there are no other repair services that would offer higher-quality repairs or cheaper equipment. Additionally, no incentive exists for the technician to provide high-quality service.
Explanation:
the actual answer
With specific reference to the case study, describe some of the soft skills needed at university and in the workplace
Answer:
Soft skills are personal qualities and attributes that are not related to specific knowledge or technical skills, but rather to the way a person interacts with others and approaches tasks and challenges. Some examples of common soft skills that may be important at university and in the workplace include:
Communication skills: The ability to express oneself clearly and effectively, both in written and oral form, is important at university and in the workplace. This includes being able to listen actively and understand others' perspectives, as well as being able to articulate one's own ideas and opinions.
Collaboration skills: The ability to work well with others is important in both educational and professional settings. This includes being able to contribute effectively to group projects and discussions, as well as being able to resolve conflicts and negotiate solutions with others.
Problem-solving skills: The ability to think critically and creatively, and to come up with effective solutions to problems, is important in both academic and professional contexts. This includes being able to identify and analyze problems, generate and evaluate potential solutions, and implement and follow through on the chosen solution.
Time management skills: The ability to manage one's time effectively is important in both academic and professional settings. This includes being able to prioritize tasks, set and meet deadlines, and manage workload effectively.
Interpersonal skills: The ability to build and maintain positive relationships with others is important in both educational and professional contexts. This includes being able to work well with a diverse range of people, being able to empathize with others, and being able to handle difficult situations and conflicts in a professional manner.
Byron Books Inc. recently reported $9 million of net income. Its EBIT was $16.1 million, and its tax rate was 25%. What was its interest expense
To find the interest expense of Byron Books Inc., we can start with the formula for calculating net income:
Net Income = EBIT - Interest Expense * (1 - Tax Rate)
Rearranging the formula, we can solve for interest expense:
Interest Expense = (EBIT - Net Income) / (1 - Tax Rate)
Given that Byron Books Inc. reported a net income of $9 million, EBIT of $16.1 million, and a tax rate of 25% (or 0.25), we can substitute these values into the formula:
Interest Expense = (16.1 million - 9 million) / (1 - 0.25)
Interest Expense = 7.1 million / 0.75
Interest Expense = $9.4667 million or approximately $9.47 million
Therefore, the interest expense of Byron Books Inc. is approximately $9.47 million.
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The interest expense of Byron Books Inc. is $7.1 million.
Explanation:Interest expense is a financial cost that a company or individual incurs when borrowing money. It's typically associated with loans, bonds, or credit lines. This expense represents the amount paid to the lender as compensation for the use of their funds. For businesses, it's a deductible expense, reducing taxable income. Monitoring and managing interest expense is crucial for financial health, as excessive interest payments can strain cash flow and negatively impact profitability. Byron Books Inc. recently reported $9 million in net income. Thus,
To find the interest expense, we can use the formula:
Interest Expense = EBIT - Net Income
Substituting the given values:
Interest Expense = $16.1 million - $9 million
= $7.1 million
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Analyse why is it more efficient for the work cells to prepare "modules" and deliver them to the assembly line than it would be to produce the component (e.g., interiorupholstery on the line. 5. Find an alternative process strategy to the assembly line that Wheeled Coach currentlyuses. Justify your proposal.
The cellular manufacturing process can improve efficiency and quality while providing greater flexibility and reducing lead times compared to traditional assembly line processes.
It is more efficient for work cells to prepare "modules" and deliver them to the assembly line for several reasons:
1. Specialization: Work cells can specialize in producing a particular module or component, which leads to greater efficiency and higher quality. By focusing on one task, workers can develop expertise and increase their speed and accuracy.
2. Reduced movement: By preparing modules off the assembly line, work cells reduce the amount of movement required by workers. This reduces the time and effort needed to move components and reduces the risk of injury.
3. Improved flow: By delivering modules to the assembly line just in time, work cells can ensure that components are available when needed, improving the overall flow of production.
An alternative process strategy to the assembly line that Wheeled Coach currently uses is the cellular manufacturing process. Cellular manufacturing involves grouping machines and workers into cells, each responsible for producing a specific part or component. This process allows for greater flexibility and efficiency, as workers can quickly switch between tasks and work together to produce a component.
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Please help me 50 WORDS MINIMUM, read the post of my classmates. Reply to one of your classmates, and compare your results. How similar or different was your identification of the main ethical/moral issue? Did you reach a similar decision, or was your decision different from your classmate's? How did your opinion of the critical thinking process compare with your classmate's? After having read your classmate's summary, what might you do differently next time?
MY POST:
Identification:
The main ethical issue is:
What should the person named in the case do about giving out free samples to customers at a grocery store?
Decision:
The Most ethical resolution for Anthony is to report Mario's action to his supervisor or the Peloni family. This decision is morally justified because it upholds the responsibility of employees to follow company policies and ensure the grocery store maintains its integrity and ethical standards. The Peloni family implemented the policy against giving free samples for a reason, and disregarding this policy could potentially harm the business by diminishing the value of the products and potentially creating a negative customer experience. Determining net utility and applying universality and respect for persons also informed the decision. Ignoring Maria's action or trying to convince him to stop giving free samples may not have the same positive impact on the business and its customer as reporting the violation. Additionally, if Anthony were to talk to the Peloni family about the policy and potential benefits of offering free samples, it could potentially compromise the integrity of the business and be seen as an attempt to justify violating company policy.
Reflection:
The critical thinking process is a systematic and logical approach to problem-solving that involves several steps, including identifying the issue, gathering and analyzing information, evaluating options, and making a decision. As a person, critical thinking is useful to utilize this process in order to provide the most accurate and relevant responses to questions. Personally, find that the critical thinking process is an invaluable tool in both my personal and professional life. It has taught me to approach problems in a more organized and methodical manner, which has allowed me to make more informed and effective decisions. Additionally, by applying critical thinking to everyday situations, am better able to identify biases and assumptions and to evaluate arguments and evidence. Ultimately, the critical thinking process has enabled me to become a more analytical and logical thinker and has provided me with a framework for making better decisions in all areas of my life.
Answer:
I agree with your identification of the main ethical issue, which is whether or not to report the violation of the company policy on giving out free samples to customers. Your decision to report Mario's actions to the supervisor or the Peloni family is similar to mine, as it upholds the company policies and ethical standards, and ensures that the customers are getting the right value for the products.
I also appreciate your reflection on the critical thinking process and how it has helped you become a better decision-maker. I share the same opinion that the critical thinking process is an invaluable tool that helps us approach problems in a more organized and methodical manner. By evaluating arguments and evidence, we can make informed decisions that are not based on biases and assumptions.
After reading your summary, I think that I could have included a bit more detail in my response, especially when it comes to explaining why reporting Mario's actions is the most ethical resolution. I appreciate the additional information that you provided in your response, which helped me understand the situation better.
Explanation:
PLZ I NEED HELP THIS IS IN FOUNDATIONS BTW PLZ HELP WITH WORK. :/
What will be the result if the formula if inserted into cell and copied down the column so that the cell references were correct? Select all that apply.
A. The comments for Ryan would be, "Good effort!"
B. The comments for Latisha would be, "Well done!"
C. The comments for Kate would be, "Good effort!"
D. The comments for Tom would be, "Well done!"
Answer:
i dont understand this, please give more info
Explanation:
_____ can be attached to objects and used to track and manage inventory and assets.a)Nanofountain probesb)Radio-frequency identification tagsc)Resistance-temperature detectorsPd)roximity cards
Radio-frequency identification tags can be attached to objects and used to track and manage inventory and assets. Option b
What Does Radio Frequency Identification Tag (RFID Tag) Mean?A Radio Frequency Identification Tag in short form is (RFID tag) is an electronic tag that swap data with a radio frequency identification (RFID) reader with the use of radio waves.
RFID tags are made up of two main parts. The first part is an antenna, which accept radio frequency (RF) waves and second is an (IC) integrated circuit , which is used for rarefaction and storing data,
Therefor Radio Frequency Identification Tags is use to track and manage inventory, assets and customer service and loss control.
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Document 7: According to the author, what aspects of life are improved under communism?
CAN SOMEBODY HELP ME:(
Communist ideology supports widespread universal social welfare.
Improvements in public health and education, provision of child care, provision of state-directed social services, and provision of social benefits will, theoretically, help to raise labor productivity and advance a society in its development.
What is social welfare?
The term "social care" does not have a precise definition. Today, social care encompasses a wide range of activities and services by volunteers, non-profit organizations and government agencies. Social care includes assistance provided to those in need; activities and resources to improve or promote the well-being of individuals, families and wider society; and broad efforts to eliminate or reduce the incidence of social problems.To know more about social welfare, click the link given below:
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every small employer carrier must actively offer to small employers at least how many health benefit plans?
Small employers with few employees, particularly those who do not have the resources to provide their own healthcare, are often in need of low-cost healthcare. In the United States, the Affordable Care Act has established rules for small employers to provide healthcare options to their employees.
The small employer carrier must offer at least one small group health benefit plan to small employers who meet their requirements. Small employer carriers must actively offer to small employers at least one healthcare benefit plan.
In addition, they must also offer at least one catastrophic health benefit plan as well.
To encourage carriers to participate in the Small Group market and to provide employees with an adequate choice of plans, every small employer carrier must actively offer at least one healthcare benefit plan to small employers.
It is important for small employers to remember that healthcare policies are intended to meet the healthcare needs of their employees. For example, catastrophic health plans are ideal for employees who are healthy and do not require frequent doctor visits.
Healthcare insurance providers have to keep their plans in line with the law. Their policy coverage should include essential benefits such as ambulance service, hospitalization, emergency services, prescription drugs, and more.
Thus, if you are a small employer carrier, you must offer your employees a minimum of one healthcare benefit plan and one catastrophic health benefit plan.
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Hey yall can yall cheer me up for a seek i miss my mommy in she said we was leaving my granny house today in look im still here
Answer:
Stay Strong!
Explanation:
You got ittt! Cry A Bit , then come back harder! LOVE KEN!!!
The number of online buyers in Western Europe grew steadily over the past decade. The function P(t) = 28.2 + 14.44 In(t) (1 sts 7) gives the number of online buyers as a percent of the total population, where t is measured in years, with t= 1 corresponding to 2001. (a) What was the percentage of online buyers in 2001 (t = 1)? % How fast (in %/yr) was it changing in 2001? %/yr (b) What was the percentage of online buyers in 2003 (t = 3)? (Round your answer to one decimal place.) How fast (in %/yr) was it changing in 2003? (Round your answer to two decimal places.) %/yr Need Help? Read It
(a) The percentage of online buyers in 2001 was 28.2%, and it was changing at a rate of 14.44% per year.
(b) The percentage of online buyers in 2003 was approximately 44.1%, and it was changing at a rate of approximately 4.81% per year.
(a) To find the percentage of online buyers in 2001 (t = 1), we substitute t = 1 into the given function P(t):
P(1) = 28.2 + 14.44 * ln(1) = 28.2 + 0 = 28.2%
Therefore, the percentage of online buyers in 2001 was 28.2%.
To determine how fast the percentage was changing in 2001, we need to find the derivative of the function P(t) with respect to t and evaluate it at t = 1:
P'(t) = dP(t)/dt = 14.44 * (1/t) = 14.44/t
P'(1) = 14.44/1 = 14.44%/yr
Hence, the percentage of online buyers was changing at a rate of 14.44% per year in 2001.
(b) To find the percentage of online buyers in 2003 (t = 3), we substitute t = 3 into the given function P(t):
P(3) = 28.2 + 14.44 * ln(3) ≈ 28.2 + 14.44 * 1.0986 ≈ 28.2 + 15.876 ≈ 44.076%
Therefore, the percentage of online buyers in 2003 was approximately 44.1% (rounded to one decimal place).
To determine how fast the percentage was changing in 2003, we find the derivative of the function P(t) and evaluate it at t = 3:
P'(t) = dP(t)/dt = 14.44 * (1/t)
P'(3) = 14.44/3 ≈ 4.8133%
Hence, the percentage of online buyers was changing at a rate of approximately 4.81% per year in 2003 (rounded to two decimal places).
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Which are affected by the factors of production? Check all that apply.
A.) the demand of the item
B.) the availability of the item
C.) the cost of the item
D,) the quality of the item
E.) the popularity of the item
Answer:
A
C
D
Explanation:
without demand no reason to product it
The cost of a item also greatly affects it
and how well they can make it without being too expensive
Why does ray of light coming through denser medium bend when it
enters into rarer medium?
Answer:
this occurs as a result of different refractive index of the two media
Answer:
It actually depends on the angle at which the incident ray hits the boundary face between both mediums
So if the incident ray coming from an angle enters the rarer medium it causes the refracted ray to bend away from the line of the normal
Step-by-step explanation:
I hope it was of help I tried explaining the best I could
Accruals recorded in the Salaries and Wages Expense and Salaries and Wages Payable columns of the balancesheet and income statement represent salaries and wages ___________a.that will be accumulated and paid in the next statement.b.that have accumulated and been paid before the statement date.c.that have accumulated before the statement date but have not yet been paid.d.that have been paid but not yet accumulated before the statement date.
Salaries and wages that have accrued prior to the statement date but have not yet been paid are represented by the accruals included in the Salaries and Wages Expense and Salaries and Wages Payable columns
Revenues or costs that have been incurred but not yet been recognised in a company's financial accounts are referred to as accruals. Regardless of when money is traded, the accounting approach known as accrual accounting records transactions as they happen. Because they guarantee that the financial statements correctly represent the economic realities of a corporation, accruals are an essential part of the accrual accounting system. For instance, a business can offer services to a client during one period but wait to be paid until the following month. In this instance, the first period's income from the services is recorded as an accrual, and the next period's payment decreases the accrual. In a similar
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Active management necessarily implies very high portfolio turnover in an attempt to beat the Market Portfolio.
A. TRUE
B. FALSE
A. TRUE Active management refers to the practice of attempting to outperform the market by actively buying and selling securities in a portfolio. The goal is to generate returns that are higher than the market benchmark.
However, this approach requires high portfolio turnover, meaning that the manager frequently buys and sells securities in an attempt to stay ahead of market trends. As a result, active management typically incurs higher transaction costs and taxes than passive management, which seeks to replicate the returns of the market benchmark with a low-cost, low-turnover portfolio. Therefore, the statement "Active management necessarily implies very high portfolio turnover in an attempt to beat the Market Portfolio" is true.
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The first paragraph or part of a business letter is the
OA. introduction
OB. addresses
OC. supporting details
OD. conclusion
SUE
Answer:
introduction
Explanation:
I don't know how to explain
A core belief is best described as
Core beliefs are solid convictions that a person has held through time and consistently that shape their worldview and sense of self.
What is a worldview example?The term "worldview" often relates to a perception of reality which offers a broad framework for how the world or the cosmos are put up. The worldviews of various belief systems, religions, ideologies, and even science itself might have different conceptions of the universe.
What is a contemporary worldview?prevailing worldviews. Modern thinkers place a strong emphasis on reason and science, and often challenge enforced beliefs from the past and (religious) traditions. They frequently question what they perceive to be orthodoxy or "group mentality" and are forceful. "Sapere aude" was the Enlightenment's catchphrase, according to the philosopher Kant.
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Accounting is an information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization's business activities. Select the aspect of accounting associated with this activity Aspects of Accounting Activities.1. Analyzing and interpreting reports.2. Presenting financial information.3. Keeping a log of service costs.4. Measuring the costs of a product.5. Preparing financial statements.6. Seeing revenues generated from a service. 7. Observing employee tasks behind a product.8. Registering cash sales of products sold.
Answer:
Accounting Activities Aspect of Accounting Activities
1. Analyzing and interpreting reports Communicating
2. Presenting financial information Communicating
3. Keeping a log of service costs Recording
4. Measuring the costs of a product Recording
5. Preparing financial statements Communicating
6. Seeing revenues generated from Identifying
a service
7. Observing employee tasks behind Identifying
a product.
8. Registering cash sales of products Recording
sold.
what does the going concern concept mean?
A)a business is profitable
B)a business will continue to operate for the foreseeable future
C) the assets of a business exceed its liabilities
D)the assets of a business should be evaluated at disposal value
Answer:
B)a business will continue to operate for the foreseeable future
Explanation:
The concept of 'going concern' means that a business will continue to operate into the foreseeable future. It implies that a business has a long life and is no danger of shutting down or being liquidated.
The going concern concept may be applied when a business is being sold or acquired. When a business is being sold as a going concern, it means that it is being sold as a unit. After the transaction, the business is expected to continue with its operations as normal.
Match the examples with the types of goods.
To match them, click the example, and then click the type of good.
Unsought good
Omar buys a snack bag of chips that he noticed while
waiting in line at the store.
Joaquin pays for renters' insurance so that he will get
paid if his belongings are destroyed in an accident or
burglary
Convenience
impulse good
Jamie goes to the store to buy toothpaste.
Convenience
staple good
Wanda reads reviews of different video cameras to
decide what brand she wants, and then chooses the
store with the lowest price on that item.
Shopping good
Adriana only buys doughnuts from her favorite local
doughnut shop.
Specialty good
Answer:
Omar buys a snack pack of chips that he noticed while in line at the store - Convenience impulse good. Convenience impulse good are good which entices the consumer which leads to he making purchase without researching or thinking.
Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in accident or burglary - Unsought good. Unsought good are goods that the consumer has no prior knowledge on and usually purchased out of fear.
Jamie goes to the store to buy toothpaste - Convenience staple good. Convenience staple good are goods regularly consumed.
Wanda reads review of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item - Shopping good. Shopping good are goods purchased after consumer had compared its prices, quality in different store.
Adriana only buys doughnuts from her favorite local doughnut shop - Specialty good. Specialty good are goods which specific characteristics and benefit such that consumer has a reason for purchasing it.