The amount of depreciation expense in Year 3 is $16,667.
Data and Calculations:
Cost of Equipment purchased in Year 1 = $70,000
Estimated useful life = 7 years
Estimated salvage value = $0
Depreciable amount = $70,000 ($70,000 - $0)
Method of Depreciation = Straight-line method
Annual depreciation expense = $10,000 ($70,000/7)
Accumulated Depreciation after 2 years = $20,000
Net book value after two years = $50,000 ($70,000 - $20,000)
Re-estimated remaining useful life after the first two years = 3 years
Depreciation expense in Year 3 = $16,667 ($50,000/3)
Thus, the company should report a depreciation expense of $16,667 in Year 3.
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What is the relationship between organizational design and human resources?
Answer:
There is a clear relationship between organizational design and human resources. Thus, the main purpose of organizational design is to organize the human resources of a certain project or business, with the aim of maximizing the performance of each of the human components that are part of the organization.
Therefore, between organizational design and human resources there is a structural dependency relationship, by means of which human resources are organized and therefore function according to the organizational design proposed by the managers of the organization.
LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000
How do you find the cost of goods manufactured?
The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.
How to calculateIt is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.
In the income statement you provided, the cost of goods manufactured is calculated as follows:
COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000
Therefore, the cost of goods manufactured for Leone Company is $3,224,000.
Here is the formula for calculating COGM:
COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory
The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.
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Do you dream of working in show business? Have you ever told your parents? If so, you have probably been told, “That is not a real career” or “You’d better pick something to fall back on.” What they usually mean is that the chances of going to Hollywood and becoming a big movie star are slim. In that way, they are right.
But making Broadway shows, producing Hollywood films, even creating online videos involve many more jobs than just the actors who play in them. So many different people in diverse career paths—from management, to accounting, to marketing—contribute their skills to create the finished products that entertain us! See, you can have a ‘real career’ and work in show business.
For instance, think about the jobs listed below. While those in positions like these get to work in and around show business, the functions they perform are based right in the clusters we considered today: Business Management, Finance, Marketing and Sales. See if you can search online to find what is involved with these three specific jobs. Can you find an example of someone who holds this position? What do they do? How might their job allow them to feel like a part of Hollywood?
Senior Vice President of Theatre Operations
Media Production Accountant
Social Media Director, Film Marketing Agency
Now that you have learned a bit about each of these jobs and what they involve, pop back over to the Bureau of Labor Statistics’ Occupational Outlook Handbook once again to do some more research on them. Find out what education is generally required to enter into each career and what the annual salary could be. Jot down some facts related to each career’s job outlook as well.
Note: You might have to use a broader search term, such as operations manager, accountant, or marketing manager, to find information on these careers.
After this initial research, your task is going to be to create a slideshow presentation to show parents who are worried about their children’s Hollywood dreams. You must provide them with information on solid career options that their children could pursue… careers that would ease parents’ minds and fulfill children’s goals.
Your slideshow must include the following:
Content
A description of each of the three careers that you researched, including what tasks the job requires and why the job is so important
A breakdown of the education requirements for each career, including subjects that might be beneficial in preparing for each career
The projected annual salary for someone in each career and the job outlook according to the Bureau of Labor
A summary of why you think this job is a good choice for someone who is interested in “show business”
Elements
Five slides, broken down in this way:
One slide for each career, containing the content from the first three bullet points above
One slide for the summary, containing the content from the last bullet point above
One slide for your bibliography
Three pictures, one for each of the three careers you are presenting
The careers that i have researched on Broadway shows are:
Stage Manager. Theatrical Makeup Artist. Choreographer.What tasks does a stage manager perform?They consist of:
Planning and leading rehearsals.Sharing with designers and craftspeople the director's wishes.Coordinating the stage crew's job.During the performance, there may be calling cues and actor entrances.supervising the entire performance every time it is given.In terms of Theatrical Makeup Artist role: Any makeup used by the performers must look well, and that is the responsibility of the makeup artist. In order to develop a look for each actor that will visually support the character, the makeup artist collaborates closely with the costume designer.
In terms of Choreographer role: Working together with the director and musical director, a choreographer creates and choreographs the dance or stylized movement for musical productions. A choreographer collaborates with dancers to develop and interpret concepts and turn them into the final performance.
The credentials are required to be a stage manager are:
A foundation degree, higher national diploma, or degree in stage management, or a course in a similar field like performing arts production, are all options.technical theater and a theater in practice.The credentials for Makeup Artists are:
Bachelor, Fashion & Beauty Makeup Artist; Bachelor of Arts in Make Up for Media and Performance.Hair design and makeup artistry.Artistry & Effects in Makeupcollegiate media makeupLastly, Despite the fact that a master's degree is frequently required to teach at the university level, many choreographers hold bachelor's degrees in dance. Beginning their careers as professional dancers, choreographers frequently take on jobs as assistant choreographers or in positions that are comparable.
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What do banks usually offer in order to encourage you to put money in a savings account?
A.)No minimum balance
B.)Many different bank branches
C.)An interest rate
D.)A loan repayment plan
Answer:
C. An interest rate
What should food workers use to touch food from display cases
Answer:
Food workers can use gloves,tongs or deli tissue to touch food from display cases.
Need help with question e.) discuss two possible medium to long term external sources of finance that IM could use to help solve its financial problems.
Which is NOT one of the three things that must continuously flow in a healthy organization?
A healthy organization refers to an organization that is responsible, balanced, growing, and sustainable.
The question is incomplete, therefore, an overview of a healthy organization will be provided. A healthy organization is an organization that is highly functioning and successful over a long period of time.
The main elements of an organization include coordinated effort, common purpose, hierarchy of authority, and division of labor. A healthy organization works on a sound economic basis, and allows the employees to achieve organizational goals.
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Shoprite environmental impact on people
ShopRite impacts the environment by reducing harm to the environment and creating job in the recycling sector.
What is an environment?It should be noted that an environment simply means the surrounding where an organism lives.
At ShopRite, plastics wastes that are generated are recycled into carrier bags. This helps in reducing harm to the environment.
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Raymond is a saver and he has deposited $5,019 in a savings account that pays 8% interest rate per year. If Raymond keeps the
money in the account for 6 years, how much will the money be after 6 years? Round your answer to the nearest two decimal
place and remove the dollar sign.
Based on the amount Raymond deposited, the amount in the account at the end of 6 years will be $7,964.22.
The account will increase the amount by 8% every year.
In 6 years time, the account would have:
= Initial amount x ( 1 + rate) ^ number of years
= 5,019 x ( 1 + 8%) ⁶
= 7,964.522
= $7,964.52
In conclusion, the account would have $7,964.22.
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Which of the following would be out of place in a career portfolio?
A. Descriptions of problems with former bosses
B. Records of all academic degrees completed
C. Projects completed with preyingus employers
D. Awards won for past performance
SUBMIT
The problems faced by us with our former bosses should not be mentioned in a career portfolio. The correct option here is a.
What should be included in a career portfolio?A career portfolio is important for an individual who is seeking employment. It is the first impression that an individual creates while applying for a job. A portfolio which is much more detailed than a resume contains a collection of artefacts which showcases our skills, education and abilities.
A good portfolio can create a strong visual impact. But one must know what are the important things that should be included in the portfolio. Some of the things that an attention-grabbing portfolio contains are the summary of our career which should be mentioned in bullet points, percentages of our education and providing examples which are necessary for that particular job.
Other than that, objectives, short biography, communication skills, awards, projects and professional accomplishments, internships, samples of our previous work, certificates and references.
Updating our career portfolio once a year is necessary and helps us monitor our progress.
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Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?
Managers want larger budgets; entrepreneurs work to do more with less.
How do entrepreneurs approach resources differently from employee-managers?Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.
This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.
Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.
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3 reasons for pricing a product
Answer:
The three reasons for pricing a product are:
Achieving market share.Investments.Supply.You buy a hula hoop at Wal-Mart. Does it Count towards GDP?
If yes, Which component of GDP is it?
If no, why is it not counted?
Answer:
If you buy a hula hoop at Wal-Mart, it would count towards GDP. It would be counted as a part of the consumption component of GDP since it is a final good purchased by a consumer.
GDP stands for Gross Domestic Product, which is the monetary value of all final goods and services produced within a country's borders in a specific time period. The hula hoop is a final good since it is purchased by the end consumer for their own use and is not used as an input in the production of another good. As such, its purchase would contribute to the consumption component of GDP.
However, if the hula hoop is produced and sold in another country, it would not be included in the GDP of the country where it was purchased. Additionally, if the hula hoop is purchased in a second-hand market, it would not be included in GDP since it is not a newly produced good.
Explanation:
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Explain how introducing an agile method will improve the outcomes of software development?
Answer:
In simple words, Agile architecture, in fact, speeds up the distribution of original market value and ensures that quality is maximized during the implementation system by a process of constant preparation and feedback.
Projects are finished in shorter iterations, rendering them more achievable, thanks to the incremental design of the agile process. It also makes it possible to roll out goods efficiently and make adjustments at any time throughout the phase
Social security and medicare are progressive taxes. payroll taxes. local taxes. corporate taxes.
Answer:
payroll taxes
Explanation:
just took the test, got 100%
Social security and medicare are type of payroll taxes.
What are payroll taxes?Payroll taxes are taxes paid by an employees form his or her salary.
The tax can be deducted or removed directly from the salary or wages of the employee and it is removed based on the amount of salary or wages in pay roll.
Therefore, payroll taxes includes social security and medicare.
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15. A retail co. plans to work on a margin of 44% of retail price & to incur other Variable Cost of 4%. If is expected fixed cost of Br. 20,000. A. Find the equation relating Total Cost to sales B. Find the profit if sales are Br. 60,000 C. Find the breakeven revenue D. If profit is Br. 15,000 what should be the revenue level? E. If you have any one item at a price of Br. 15/unit how do you convert the cost equation in terms of revenue in to a cost equation in terms of quantity?
Financial mathematics refers to the application of mathematical methods to the resolution of financial problems. It applies methods from probability, statistics, stochastic processes, and economic theory.
margin on which retail company works = 44%
variable cost = 4%
fixed cost = Br. 20,000
we need to find:
the equation relating total cost to sales.
the profit if sales are Br . 60,000
the break-even revenue
if profit is Br. 15,000 then what will be its revenue level
how to convert the cost of equation in terms of revenue
(i) given fixed cost = Br. 20,000
VC = 0.4 ₊ 0.56
Y = 0.6x ₊ 20,000
the above formed is the equation relating total cost to sales.
(ii) Π = TR ₋ TC
= 60,000 ₋ (0.6×60000₊20000)
= 60,000 ₋ (36000₊20000)
= 60,000 ₋ 56000
= 4000 birr
(iii) breakeven revenue:
BER or Xe = FC/1₋m = 20000/1₋0.6
= 20000/0.4
=50,000
(iv) Qin sale = FC ₊ π/1₋M
= 20000₊15000/1₋0.6
= 35000/0.4
= 87,500
(V) The cost equation is:
y = bx
87500 = 15x
x = 87500/15
x = 5833.33
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Why do you think the United States is heavily involved in bitcoin mining?
Answer:The U.S. is the second-biggest mining destination on the planet, accounting for nearly 17% of all the world's bitcoin miners.
Explanation:
John Regan, an employee at Home Depot, made deposits of $800 at the end of each year for 4 years. Interest is 4% compounded annually. What is the value of John’s annuity at the end of 4 years? (Use Table 13.1.) (Do not round intermediate calculations. Round your answer to the nearest cent.)
John Regan, an employee at Home Depot, made deposits of $800 at the end of each year for 4 years. The value of John’s annuity at the end of 4 years is; John's annuity $3,397.20. This is further explained below.
What is an annuity?Generally, An annuity is a kind of financial instrument that provides its owner with a predetermined and ongoing stream of payments. This type of product is often purchased by retirees in order to supplement their income during their golden years.
In conclusion, During his four years as an employee at Home Depot, John Regan deposited a total of $8,000 at the conclusion of each calendar year. At the conclusion of four years, John's annuity will be worth $3,397.20, which is the value of John's annuity.
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Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.
If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.
To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.
For MAC1: MAC1 = 100 - 10E
For MAC2: MAC2 = 50 - 10E
To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.
Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E
Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.
MD = Aggregate MAC
30E = 150 - 20E
Simplifying the equation, we get:
50E = 150
E = 3
Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.
Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.
Net social costs = Aggregate MAC - MD
Net social costs = (150 - 20(4)) - (30(4))
Net social costs = 110 - 120
Net social costs = -10
The net social costs of this policy would be -10, indicating a net benefit to society.
If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.
Setting MAC1 equal to MAC2:
100 - 10E = 50 - 10E
Simplifying the equation, we find that E can have any value, as both sides are equal.
Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.
In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.
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Externalities and the Coase Theorem: My neighbor never cuts his grass or cleans up his yard. Doing the work necessary to make the yard look nice would cause $400 of disutility for him. On the other hand, having to look at his messy yard causes me $600 in disutility.
a. Suppose I have the right to require him to clean up his yard, though he can continue to have a messy yard if he pays me enough to get me to accept it. Will he pay me, or will he clean up his yard? Explain.
b. Suppose instead that he has the right to keep his yard as he wishes, but I can pay him to clean it up if I wish. Will I pay him enough to get him to clean up his yard? Explain.
c. Based on your answers to (a) and (b), does the final result (whether or not the yard gets cleaned up) depend on the definition of property rights (whether he has the right to a messy yard, or whether I have the right to require him to clean it up)? Explain. Does the definition of property rights affect the overall well-being of the two parties involved? (Am I better off in one case or the other? Is my neighbor better off in one case or the other?) Explain.
Answer:
Externalities and the Coase Theorem
a. He will not pay me, but he can clean up his yard, paying $400. He cannot pay me $600 (enough) to make me accept his messy yard.
b. I can pay him enough to get him to clean up his yard. I have $600 disutility to pay for his $400 disutility. This means that I can pay him enough and have some change.
c. The final result does not depend on the definition of property rights. Rights are not absolute. There are accompanying obligations, e.g. cleaning up his messy yard. Therefore, there will be no violation of his property rights when he is mandated by a relevant governmental authority to clean up his yard or have his rights revoked.
d. The definition of property rights does not affect the overall well-being of the two parties involved. If his yard starts getting messy to the extent of disturbing neighbors, his property rights will be limited. I can still be better off with or without his property rights. I only need a cooperative and understanding neighbor to enhance my well-being.
Explanation:
a) Data and Calculations:
My neighbor's disutility of cleaning his yard = $400
My disutility of having to look at his messy yard = $600
Disutility refers to the uselessness of a thing, signalling the absence of value.
b) According to the Coase theorem, when transaction costs are low and affordable, causing disutility, the two parties involved can bargain with an efficient outcome, despite the existence of some externalities. Private parties have been known to fail to resolve the problem of externalities when they did not get the involvement of outside parties, e.g. courts and arbitration panels.
I need answers to the following ASAP please
1. If the debit and credit columns of the trial balance match,, then does that guarantee that the journal entries where prepared correctly?
2. Why are the temporary accounts closed during the closing process?
1. It is correct to state that the debit and credit columns of the trial balance match, this ensures that the accounting entries have been prepared correctly.
2. Temporary accounts are closed during the accounting period closing process for purposes of organization, control and to prevent balances from being mixed with those of the next accounting period.
What is an accounting period?Corresponds to a period of time in which an organization will calculate its assets, that is, its credits and debits related to a period that can be carried out, for example, in the weekly, monthly or annual period, which is an instrument for identifying the financial situation of the company and its evolution.
Therefore, it is essential that accounting, such as financial statements and balance sheets are developed in an organized and structured way, in order to increase corporate governance to stakeholders, in addition to ensuring the best decision-making for business performance.
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Describe the slope of the supply curve. How does the slope reflect the law of supply?
Answer:
It shows the relationship between price and quantity supplied, it shows an upward slope unlike the law of demand. The higher the price, the higher the quantity demanded, opposite to the law of demand.
Explanation:
The law of supply, states that a higher price causes a higher amount to be delivered and vice versa.
What is illustration?A decoration, interpretation, or visual explanation of a text, concept, or process is called an illustration. Illustrations are made to be integrated into print and digitally published media, including posters, flyers, magazines, books, instructional aids, animations, video games, and films
Illustrated by the increasing slope of the supply curve. Depending on the product, supply curves may be steeper, flatter, straighter, or more curved in shape.
The demand curve's slope (downward and to the right) tells us that when the price is lower, more will be purchased. On the other hand
Therefore, The supply curve's slope (upward and to the right) indicates that producers are more eager to increase output as the price rises.
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A company purchased $2,900 of merchandise on July 5 with terms 1/10, n/30. On July 7, it returned $500 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals:
Answer: $2376
Explanation:
Based on the information given in the question, the amount of the cash paid on July 8 will be calculated as the difference between the net sales and the discount.
Net sales = $2900 - $500 = $2400
Discount = $2400 × 1% = $24
Therefore, The amount of the cash paid on July 8 will be:
= $2400 - $24
= $2376
A long-term incentive is a type of
incentive given to employees that
is designed to be paid over
or longer.??
Job enlargement tends to deter an employee's development because:_________
a. it is so time-consuming.
b. means adding new challenges and responsibilities to an employee's current job.
c. means moving the position up the organizational hierarchy.
d. refers to hiring more people for the same job category.
Answer:
b. means adding new challenges and responsibilities to an employee's current job.
Explanation:
Job enlargement refers to rise in the scope of the job via extending the range with respective to the duties and responsibilities of the job normally at the similar level. It means it added the different kind of activities at the similar level and the same is to be added in the existing job
So here the fear in the employee development is that they need to add the new challenges and responsibilities
Therefore the option b is correct
briefly explain how the decision support system resolved the problems experienced by the railways
The decision support system improved the efficiency of the railroads, paying special attention to the punctuality and speed of transportation on both passenger and commercial routes. The Indian Railways encounter a number of difficulties, including the failure to ensure train punctuality.
Ticketless transit by passengers, damage to or theft of railroad property, and others. The railways suffer a considerable loss in income as a result. By December 2023, 100% electrification of the broad gauge is the goal. In 2020–21, the speed of freight trains doubled to 46 kmph from 23 kmph in previous years. In January 2019, all unmanned level crossings on the broad gauge were removed.
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What is the first question you should ask yourself when analyzing an
advertisement?
A.what is its intention
B.how much is it
C.when can i buy
D.will my friends like it
A.
because it could be like a baby toy and the first question you ask would be when can i buy it
Joe owns a business renting out properties as apartments. He is hoping to purchase an old building to create new apartment homes. Before Joe is able to purchase the building, he must work out a deal with the current owner, who has decided to sell the property. Use the drop-down menu to complete each statement. Based on the information in the passage, it is most likely that Joe lives in a economy. The building that Joe is interested in purchasing would be considered .
Answer:
Joe lives in a mixed economy.
The building is a private property
Explanation:
A mixed economy allows individuals like Joe and companies to engage in commercial activities. It gives freedom to entrepreneurs to choose the type of business they wish to operate. Joe rents out apartments to clients. He and the client enters into a tenancy agreement, which suggests the presence of regulation. Consulting the owner of the property that he wishes to purchases shows there is an authority that regulates property transactions. A mixed economy gives buyers and sellers the freedom to do business but with regulation by a central authority.
The property that Joe wishes to buy is private property. It belongs to the seller and not to the public or government. Joe can only purchase a property and acquire its title if it is private property.
Answer:
1. mixed market
2. private property
function of financial system?
Answer:
A financial system functions as an intermediary and facilitates the flow of funds from the areas of surplus to the areas of deficit. It is a composition of various institutions, markets, regulations and laws, practices, money managers, analysts, transactions, and claims & liabilities.May 29, 2016
(can u flag me)
At the close of the meeting, the secretary of the council asked for agenda items for next month, and said, “We currently have the following items on the agenda: the greenbelt, town history, and tax revenue.”
She looked at Tony and quipped, “Should I put you down for next month, Tony? We figured you might have a new career in public speaking.” The audience laughed as Tony shook his head and said, “I think I’ll stick to dentistry for now.”
The type of speech a speaker prepares is determined by the purpose, audience, context, and topic of the speech.
Which of the following is an informative speech topic?
An argument for protecting the town greenbelt for future generations
An explanation of how the town's founding fathers' policies shaped the characteristics of the town
A debate about how to use the town's yearly tax revenue
A humorous "roast" of the town manager who is approaching retirement
An example of an informative speech topic is an explanation of how the town's founding fathers' policies influenced the characteristics of the town.
A description of how the town's founders' policies shaped the characteristics of the town is an illustration of an instructive speech topic. The purpose of an informative speech is to inform or teach the audience about a certain issue. This topic contains information on the history of the town and how it has been shaped by prior policies. The other options, a defense of the town's greenbelt, a discussion of how to spend the town's annual tax revenue, and a lighter "roast" of the departing town manager, are examples of powerful, thoughtful, and humorous speeches, respectively.
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