Answer:
A. usually have a lower interest rate than long-term debt.
D. are frequently used by large corporations as a significant component of capital structure.
Explanation:
A short-term bank loan can be defined as a type of loan that provides quick cash which mainly have a shorter repayment period when compared to a traditional loan.
Basically, when a small business owner (entrepreneur) or start-up needs to finance a temporal personal or working capital requirements but isn't eligible to apply for a line of credit from a bank; he or she can obtain a short-term bank loan.
Short-term bank loans usually have a lower interest rate than long-term debt and are frequently used by large corporations as a significant component of capital structure.
Is cereal soup or no?
Answer:
no its a candy acid
Explanation:
EPA is part of how to avoid this type of risk?
compliance
operational
strategic
financial
Answer:
A.compliance
Explanation:
In the demand for agricultural products have failed to keep pace with technologically created increases in the supply of said products are called:_______
The demand for agricultural products has failed to keep pace with technologically created gains in the collection of said products called an agricultural surplus.
An agricultural excess occurs when the supply of agricultural developments surpasses the market for them, directing to a surplus of crops. This can result in lower expenses for farmers and problems in selling their products, as well as probable environmental and social impacts.
An agricultural production that surpasses the demands of the community for which it is being created, and may be shipped or reserved for future times. Medium and large agriculturalists sell the excess produce to need and have good returns.
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Stock Y has a beta of 1.45 and an expected return of 16.3 percent. Stock Z has a beta of .90 and an expected return of 12.6 percent. What would the risk-free rate have to be for the two stocks to be correctly priced relative to each other?
Answer:
risk free rate= 6.55%
Explanation:
expected return= risk-free rate +Beta*(Market rate- risk-free rate )
Stock Y
16.3=Rf+1.45(Rm-Rf)
16.3=1.45Rm-0.45Rf
Rm=(16.3+0.45Rf)/1.45
Stock Z
12.6=Rf+0.9*(Rm-Rf)
12.6=0.9Rm+0.1Rf
12.6=0.9(16.3+0.45Rf)/1.45+0.1Rf
risk free rate=(12.6-10.11724138)/(0.279310344+0.1)
risk free rate= 6.55%
Which inventory costing method does Target use? How does Target value its inventories? See Note 9.
By using the cost of goods sold formula, you can compute net purchases, which are not reported in the Target financial statements. How much were Target’s inventory purchases during the year ended January 30, 2021?
Determine Target’s inventory turnover and days’ sales in inventory for the year ended January 30, 2021. (Round each ratio to one decimal place.) How do Target’s inventory turnover and days’ sales in inventory compare with Kohl’s Corporation’s for the year ended January 30, 2021? Explain.
Which inventory costing method does Target use? How does Target value its inventories? See Note 9.
By using the cost of goods sold formula, you can compute net purchases, which are not reported in the Target financial statements. How much were Target’s inventory purchases during the year ended January 30, 2021?
Determine Target’s inventory turnover and days’ sales in inventory for the year ended January 30, 2021. (Round each ratio to one decimal place.) How do Target’s inventory turnover and days’ sales in inventory compare with Kohl’s Corporation’s for the year ended January 30, 2021? Explain.
(The data required is from 2020 Annual Report Target Corporation Form 10-K and the 2020 Kohl's Corporation 10-K)
The financial information for Target and Kohl's Corporation for the year ended January 30, 2021.
To obtain accurate and up-to-date information on Target's inventory costing method, inventory valuation, inventory purchases, inventory turnover, and days' sales in inventory, I recommend referring to Target Corporation's official financial statements, annual reports, or other reliable sources such as their investor relations website or SEC filings. Similarly, for Kohl's Corporation, it is best to refer to their official financial statements or reliable sources for the relevant information.
These financial statements and reports will provide the most accurate and comprehensive information to answer your questions about specific financial data and performance metrics for Target and Kohl's Corporation.
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According to the unit, what percentage of shoppers used a coupon in 2012?
A. 78%
B. 85%
C. 93%
D. 100%
today's world, 96% of consumers have used a coupon in the past 90 days. JC Penney tried to break consumers of the coupon habit in 2012 and quickly saw a 23% drop in sales for the first three quarters of 2012. If JC Penney couldn't change people's shopping behavior, you probably can't either.n: so i guess its c
Answer:
78%
Explanation:
I take nutrition and wellness, and this was the correct answer for me. Just took the test as well :P
expert communicators are not perceived as trustworthy when . a. their statements are subjective to external causes b. they directly advocate a product c. they use an advanced communication channel d. their attitude toward the product is negative
Expert communicators are not perceived as trustworthy when "their statements are subjective to external causes".
The Expert communicators are those communicators know their communication is only as good as the impact on intended audience. There are four types of communicators are aggressive, passive-aggresive, passive and the assertive.
The Expert communicators are ensured empathy, equity, relevance and the impact. The communicators are four common types are analytical communicators, intuitive communicators, functional communicators, and the personal communicators.
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The CFO of Rosecusity, is planning for the company's operations next year, and he wants you to forecast the firm's additional funds-needed (AFN) The firm is operating at full capacity and the firm data (in millions of dollars) for use in your forecast are shown below Last year's sales =$103 Next year's sales =$150 Last year's spontaneous fiabilities =$59 Last year's operating assets =5216 Last year's profit masgin =11% Target payout ratio =20% What is the AFN for the corning year (in millions)?
The AFN for the coming year is $219.77 million.
To calculate the additional funds needed (AFN) for the coming year, we need to use the following formula:
AFN = (A*/S0)(ΔS) - (L*/S0)(ΔS) - MS1(RR)
where A* is the total assets required to support the projected sales level, S0 is last year's sales, ΔS is the increase in sales, L* is the spontaneous liabilities that will arise with the increase in sales, MS1 is the company's net income margin, and RR is the target payout ratio.
Using the given data, we can calculate the needed values:
A* = Last year's operating assets = $5216 million
S0 = Last year's sales = $103 million
ΔS = Next year's sales - Last year's sales = $150 million - $103 million = $47 million
L* = Last year's spontaneous liabilities = $59 million
MS1 = Last year's profit margin = 11% = 0.11
RR = Target payout ratio = 20% = 0.2
Substituting the values into the AFN formula, we get:
AFN = (A*/S0)(ΔS) - (L*/S0)(ΔS) - MS1(RR)
= ($5216/$103)($47) - ($59/$103)($47) - (0.11)(0.2)
= $247.57 - $27.77 - $0.022
= $219.77 million
Therefore, the AFN for the coming year is $219.77 million.
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what does the abbreviation of CD stand for. (this is financial i put it under business because it is the closest thing to financial literacy)
A. certificate of disposal
B.certificate of interest
C.credit of deferral
D.certificate of deposit
Answer:
D) certificate of deposit.
Explanation:
From the list below select the business and in retail industry
The business in the retail industry from the list below is: C. Department store.
What is the retail industry?The retail industry involves businesses that sell finished goods directly to customers for personal or household consumption. Therefore, the business from the list that is in the retail industry is the one that sells finished goods.
A. City Park is a public recreational area and does not sell finished goods, so it is not in the retail industry.
B. A Doctor's office provides medical services and does not sell finished goods, so it is not in the retail industry.
C. A Department store is a retail business that sells a wide variety of finished goods such as clothing, footwear, accessories, home furnishings, appliances, and electronics, among others, so it is in the retail industry.
D. A Car Repair Shop provides automotive repair and maintenance services and does not sell finished goods, so it is not in the retail industry.
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The complete question is:
From the list below select the business and in retail industry
O A. City Park
O B. Doctor's office
O C. Department store
O D. Car Repair Shop
A person performs a cost-benefit analysis in order to:
A. calculate the expenses of multiple businesses competing in the
same market.
B. evaluate the possible positive and negative effects of different
economic decisions.
C. analyze economic data to reach general conclusions about a
country's economy.
D. determine the tax rates a business will pay depending on its
profits in a year.
o
Answer:
B. evaluate the possible positive and negative effects of different economic decisions.
Explanation:
Cost-benefit analysis (CBA) is used to examine and compare the cost associated with a project or task and the benefits derived from it.
Simply stated, cost-benefit analysis is a form of utilitarianism commonly used by individuals, business firms and government in the decision-making process, as all the cost incurred are determined and analyzed.
This ultimately implies that, it may be used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Cost-benefit analysis (CBA) sums the total cost associated with a project (activity) and compares this cost against the total benefits that would be generated. Thus, it helps in the decision-making process by comparing the net present value (NPV) of the cost of a particular project with the net present value (NPV) of its benefits.
Hence, a person performs a cost-benefit analysis in order to help him or her evaluate the possible positive and negative effects of different economic decisions with respect to an investment, project, activity, or programme.
Which quality of accounting information states that the information is verifiable and is not subject to opinion.
Reliability!
Hope this helps, Good luck! :)
T F Credit reports are issued monthly, so you know how much money topay toward your credit card bill.
Answer:
False
Explanation:
A financial statement can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
Generally, financial statements are issued to recipients on a monthly basis.
A credit report can be defined as a financial document that comprises of detailed information about a person's credit history or activities with respect to borrowed money (loans). It is usually prepared by a credit bureau.
A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.
This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender.
In conclusion, credit reports are issued to a customer on request and at any given time, so he or she knows how much money to pay toward your credit card bill.
write a journal post with three things you might be able to do to go to college (or any other option you are considering after high school) without student loan debt?
Answer:
You can apply for scholarships, work in high school, and receive grants.
Explanation:
You can possibly graduate college without debt or little money owed back to a bank.
The first option is a scholarship, this money is usually only offered from a range of $500-fully paid tuition. You may have to apply to hundreds before you are granted some but they are offered from freshmen in high school all the way to almost graduating college.
Your second option is working, sophomore year is when you'd be able to get a job the earliest. Every paycheck you save about 20%, work all the way through college and you can save enough to pay for your first year, possibly second year of college. You could also work while you're a full-time student, it'd be hard work but it can be done.
Your third option, but not last is to apply for grants. This is basically free money, they differ from scholarships though. You do not have to pay grants back, and you can get sponsored by companies to pay your way through college.
Which industry is the second-largest employer of teens
and young people?
What percentage of employed teens are employed by
the government?
I got it
is retail trade
and 7%
Answer:
I. Retail industry
ii. 7%
Explanation:
Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.
Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc
In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.
Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.
Answer:
Retail Trade
7%
Explanation:
Edge 2020
on july 1, bahama excursions issues a $100,000, eight-month, 6% note. interest is payable at maturity. what is the amount of interest expense that the company would record in a year-end adjusting entry on december 31?
3000 is the amount of interest expense that the company would record in a year-end adjusting entry on december 31.
What is the amount of interest expense?On july 1, bahama excursions issues a $100,000, eight-month, 6% note. interest is payable at maturity
Maturity date equals March 1 plus July 1 plus 8 months.
Total interest earned at maturity is equal to =100,000 (0.06)(8/12) = 4000
As of December 31, there were 6 months.
As a result, the following equation gives the amount of interest expense that the corporation would report in a year-end adjustment on December 31:
4000/8 *6 = 3000
3000 is the amount of interest expense that the company would record in a year-end adjusting entry on december 31..
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The average price of a car in 1970 was $3,500. the consumer price index (cpi) was 38.8 in 1970 and 251.1 in 2018. the 2018 price of the 1970 car is computed as:_______
We find that the 2018 price of the car is $22,645.
The 2018 price of the 1970 car is computed as follows: Step 1: Calculate the inflation rate. Inflation rate = (CPI in 2018 - CPI in 1970) / CPI in 1970 Inflation rate = (251.1 - 38.8) / 38.8 Inflation rate = 5.47 or 547% Step 2: Apply the inflation rate to the 1970 price. 2018 price = 1970 price * (1 + inflation rate) 2018 price = $3,500 * (1 + 5.47) 2018 price = $3,500 * 6.47 2018 price = $22,645. Therefore, the 2018 price of the 1970 car is $22,645.
To calculate the 2018 price of the 1970 car, we first need to determine the inflation rate. The inflation rate is the percentage increase in prices over time. It is calculated by taking the difference between the Consumer Price Index (CPI) in 2018 and the CPI in 1970, dividing it by the CPI in 1970, and then multiplying by 100.
In this case, the CPI in 2018 is 251.1 and the CPI in 1970 is 38.8. Plugging these values into the formula, we find an inflation rate of 547%. Next, we apply the inflation rate to the 1970 price of the car. This is done by multiplying the 1970 price by 1 plus the inflation rate. In this case, the 1970 price is $3,500. After performing the calculation, we find that the 2018 price of the car is $22,645.
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Jacki Marshall owes a balance of $5,000 on one credit card that charges 19 percent interest. She can pay off the balance in two years with monthly payments of $252. 4. She has another credit card with a balance of $7,500 that charges 20 percent interest. She can pay off the balance in two years with monthly payments of $381. 72. Jacki owns a home valued at $150,000. She can get a home equity loan for $12,500 at 8 percent interest. Jacki can repay the loan in two years with monthly payments of $565. 34. How much money will Jacki save if she takes out a home equity loan to pay off the credit card balances? (Per month and for the full 24 months)
Jacki Marshall has two credit card balances that she wants to pay off in two years. She also has the option to take out a home equity loan to pay off the credit card balances. To determine how much money Jacki will save by using a home equity loan, we need to compare the total payments she would make on the credit cards with the total payments she would make on the home equity loan.
For the first credit card balance of $5,000, with a 19% interest rate and monthly payments of $252.4, we can calculate the total payments over two years:
Total payments on the first credit card = Monthly payment * Number of months
Total payments on the first credit card = $252.4 * 24 = $6,057.6
For the second credit card balance of $7,500, with a 20% interest rate and monthly payments of $381.72, we can calculate the total payments over two years:
Total payments on the second credit card = Monthly payment * Number of months
Total payments on the second credit card = $381.72 * 24 = $9,200.8
Therefore, the total payments on both credit cards over two years would be $6,057.6 + $9,200.8 = $15,258.4
If Jacki takes out a home equity loan for $12,500 at an 8% interest rate, with monthly payments of $565.34, the total payments over two years would be:
Total payments on the home equity loan = Monthly payment * Number of months
Total payments on the home equity loan = $565.34 * 24 = $13,568.16
By using the home equity loan to pay off the credit card balances, Jacki would save $15,258.4 - $13,568.16 = $1,690.24 over the course of 24 months.
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Fashion Designers should know all of the following:
(Select 3 answers)
Select 3 correct answer(s)
Knowledge of raw materials, production processes, quality control, costs,
and other techniques for maximizing the effective manufacture and
distribution of goods.
Knowledge of children, teens, and adult textile fabrics.
Knowledge of design techniques, tools, and principles involved in production of
precision technical plans, blueprints, drawings, and models.
Knowledge of the structure and content of the English language including the
meaning and spelling of words, rules of composition, and grammar.
Knowledge of techniques and equipment for potting. growing., and harvesting
products (both plant and animal) for fabric and textile techniques.
To thrive as a fashion designer, you must possess traits like creativity, initiative, good sewing technique, interpersonal skills, business acumen, leadership, and the capacity to adapt to shifting trends.
What are the foundational principles of fashion design?In the world of fashion, the four primary design elements or features used are shape or silhouette, line, color, and texture. The silhouette of the entire garment can be considered. This is the aspect of the garment that stands out the most. It produces the first effect before any additional factors are seen.
It is important for fashion designers to have a thorough understanding of the raw materials, manufacturing processes, quality control, costs, and other techniques for maximizing the effective production and distribution of goods.Knowledge of the concepts, instruments, and design techniques required to create precise technical plans, blueprints, drawings, and models.having knowledge of the techniques and equipment used to cultivate and harvest (both plant and animal) materials for clothing and textilesLearn more about fashion design: https://brainly.com/question/30593045
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What does it mean to use diverse marketing strategies?
Answer:
Diversity refers to the fact that there are various ethnic or cultural groups within society. By using diverse marketing strategies, you appreciate this societal makeup with all of its different talents, needs, interests, and skills. It also means tolerating different preferences and ways of life — even in religious or sexual orientation.
Explanation:
Swifty Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $25 per year. During November 2020, Swifty sells 27,000 subscriptions beginning with the December issue. Swifty prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. (a) Prepare the entry in November for the receipt of the subscriptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. 30
Unearned Subscription Revenue account would be credited by the same amount i.e., $675,000
Swifty Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $25 per year.
During November 2020, Swifty sells 27,000 subscriptions beginning with the December issue. Swifty prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter.
The company uses the accounts Unearned Subscription Revenue and Subscription Revenue.
The journal entry on November 30 for the receipt of the subscription would be:
Date Account Titles and Explanation Debit Credit
Nov. 30
Cash 675,000
Unearned Subscription Revenue 675,000
As we know that subscriptions to the magazine cost $25 per year. During November 2020,
Swifty sells 27,000 subscriptions beginning with the December issue.
The amount of cash received would be:
$25 × 27,000 = $675,000
Unearned Subscription Revenue account would be credited by the same amount i.e., $675,000
Since the subscription revenue is recognized at the end of the quarter, therefore, Unearned Subscription Revenue account is credited and subscription revenue account is debited at the end of each quarter.
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A PDF file is used to display a file as it will look when _______.
Answer:
a pdf file is used to display a file as it will look when _____.
1. (9pts) Consider an urn with 3 red balls, 2 blue balls, and I white ball. You randomly draw 2 balls sequentially from the urn without replacement. Every ball has the equal chance to be selected in each draw. Assume that order matters. Treat the balls identical if they have the same color. "R" denotes the outcome of red ball. "B" denotes blue ball. "W" denotes white ball.
a. The sample space S for this experiment is {
b. Consider the event A ="none of the drawn balls is red". The list of all the sample points contained in the event A is - c. Let X be the random variable counting the number of red balls in the experiment, then X is following a distribution. Save the final d. Let B be the event B = "at least 1 red ball is drawn". P(B) = result up to 2 decimal points.
{RR, RB, RW, BR, BB, BW, WR, WB, WW} is the sample space. {BB, BW, WB, WW} present in event A. Hypergeometric distribution is followed by X. The probability of B is 0.33.
a. The sample space S for this experiment is: {RR, RB, RW, BR, BB, BW, WR, WB, WW}
b. Consider the event A = "none of the drawn balls is red". The list of all the sample points contained in the event A is: {BB, BW, WB, WW}
c. Let X be the random variable counting the number of red balls in the experiment. Since you are drawing balls without replacement and are considering only two draws, X follows a Hypergeometric distribution.
d. Let B be the event B = "at least 1 red ball is drawn". To find P(B), we can first find the probability of its complement, i.e., P(A) = "none of the drawn balls is red".
There are 6 possible outcomes in the sample space where we draw 2 balls (BB, BW, WB, WW, RB, and BR). 4 of these outcomes are in event A.
So, P(A) = 4/6 = 2/3.
Now, P(B) = 1 - P(A) = 1 - 2/3 = 1/3.
Thus, P(B) = 0.33 (rounded to 2 decimal points).
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Suppose the market price of chicken wings in a university town recently increased. Economics students studying at the university are discussing potential causes of the price increase. One group of students theorize that the price increased because several wing joints in the area have recently gone out of business. Others claim the increase in the price of chicken wings is because of a recent decrease in the price of beer.
Everyone agrees that the decrease in the price of beer was caused by a recent decrease in the price of hops, which are not generally used in making chicken wings.
The first group of students claim the increase in the price of chicken wings can be attributed to the fact that several wing joints in the area have recently gone out of business.
This may explain the price increase, as the decreased competition in the economics market could lead to an increase in price.
What is economics market?Economics market is an environment where buyers and sellers interact in order to exchange goods and services for money. It is the basis for the study of economics, which is the study of the production, distribution, and consumption of goods and services. Markets can be divided into different types depending on the nature of the product or service being exchanged. The two primary types of markets are the perfect competition market and the imperfect competition market. Perfect competition markets are those in which all buyers and sellers are equal and have access to the same information.
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Environmental policy, economic policy, and health care policy over time. this is called ______ policy making.
The study of environmental policy, economic policy, and health care policy over time is called transdisciplinary policy making. This type of policy making takes into account the complex interactions between different policy areas and the need for integrated solutions to address complex problems.
Transdisciplinary policy making is becoming increasingly important as the world faces a number of interconnected challenges, such as climate change, environmental degradation, and economic inequality. These challenges cannot be solved by any one policy area alone, and they require a holistic approach that takes into account the different perspectives of different stakeholders.
Transdisciplinary policy making is a relatively new field, but it is growing rapidly. There are a number of different approaches to transdisciplinary policy making, but they all share a common goal of bringing together different disciplines and perspectives to solve complex problems.
Some of the key benefits of transdisciplinary policy making include:
* Increased understanding of complex problems
* Improved collaboration between different stakeholders
* More effective and sustainable solutions
Transdisciplinary policy making is a complex and challenging process, but it is essential for addressing the interconnected challenges of the 21st century.
Here are some examples of transdisciplinary policy making:
* The development of the Paris Agreement on climate change, which involved the input of scientists, economists, and policymakers from around the world.
* The creation of the Affordable Care Act in the United States, which brought together experts in health care, economics, and law.
* The development of new technologies to address environmental challenges, such as renewable energy and carbon capture and storage.
Transdisciplinary policy making is a growing field with the potential to make a significant impact on the world. By bringing together different disciplines and perspectives, transdisciplinary policy making can help us to solve complex problems and create a more sustainable future.
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owen tells his friends he is very glad he bought soft drinks made with cane sugar because he loves the taste. which stage of the consumer purchase process does this represent? multiple choice question. problem recognition post-purchase evaluation information search
This represents the B: Post-Purchase Evaluation stage of the consumer purchase process.
Owen telling his friends that he is very glad he bought soft drinks made with cane sugar because he loves the taste represents the "post-purchase evaluation" stage of the consumer purchase process. This is the stage where a consumer reflects on their purchase and assesses whether or not they are satisfied with the product they bought. In this case, Owen is satisfied with his purchase and is sharing his positive experience with his friends.
Therefore, the correct answer to this question is option B: Post-Purchase Evaluation.
"
The complete question is
Owen tells his friends he is very glad he bought soft drinks made with cane sugar because he loves the taste. which stage of the consumer purchase process does this represent? multiple choice question.
A: problem recognition
B: post-purchase evaluation
C: information search
"
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Write a three- to five-sentence paragraph that defines economics. Based on your definition, explain why it is difficult to consider economics an exact science. You may want to consider how economists approach economics to help you explain your answer.
Answer: See explanation
Explanation:
Economics is referred to as a social science that is concerned with how goods are produced, how they're distributed and how they're consumed. Economics is the social science that studies why human beings behave the way that they do.
It is difficult to consider Economics as a science because it lacks a hypotheses that's testable. Also, there is lack of consensus and the scientific method is not followed in Economics.
Of the following errors, which one by itself will cause the trial balance to be out of balance? Multiple Choice All of these errors will cause the trial balance to be out of balance. A $100 receipt from a customer in payment of his account posted as a $100 debit to Cash and a $10 credit to Accounts Receivable A $75 receipt from a customer in payment of his account posted as a $75 debit to Cash and a $75 credit to Cash A $50 cash purchase of office supplies posted as a $50 debit to Office Equipment and a $50 credit to Cash A $200 salary payment posted as a $200 debit to Cash and a $200 credit to Salaries Expense
The error which, by itself, will cause the trial balance to be out of balance is A $100 receipt from a customer in payment of his account posted as a $100 debit to Cash and a $10 credit to Accounts Receivable.
Accounting errors can cause the trial balance to be out of balance. This is typically the outcome of one of the following accounting mistakes:
Inaccurate posting: A payment or receipt posted to an incorrect account is an instance of inaccurate posting. This mistake will have an impact on both the account that should have been debited and the account that should have been credited. The end result will be an out-of-balance trial balance.
Transposition Errors: A transposition error happens when the figures in a journal entry are accidentally reversed. For example, instead of $510, a balance of $501 may be recorded. This mistake will result in an out-of-balance trial balance.
Omission of Entries: A journal entry that is not included in the ledger will cause the trial balance to be out of balance. For example, if a payment of $300 to a vendor is not recorded in the ledger, the trial balance will not reflect the transaction.
Duplicate Entries: If a journal entry is mistakenly recorded twice in the ledger, the trial balance will be out of balance. This error will cause the debit and credit balances of an account to be overstated. In the following errors, only the first one will cause the trial balance to be out of balance: A $100 receipt from a customer in payment of his account posted as a $100 debit to Cash and a $10 credit to Accounts Receivable.
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The state can dissolve a corporation for failing to pay taxes. Group of answer choices False True
True. The state can dissolve a corporation for failing to pay taxes.
One of the powers that the state possesses is the ability to dissolve a corporation for various reasons, including the failure to fulfill its legal obligations such as paying taxes. When a corporation is formed, it becomes subject to the laws and regulations of the state in which it is incorporated. This includes the requirement to pay taxes on its income and fulfill other tax-related obligations.
If a corporation fails to pay its taxes, the state has the authority to take action against it. This can involve imposing penalties, fines, and interest on the unpaid taxes. In extreme cases, where a corporation consistently and willfully neglects its tax obligations, the state may choose to dissolve the corporation. Dissolving a corporation means revoking its legal existence, effectively terminating its operations and liquidating its assets.
It is important for corporations to fulfill their tax obligations to avoid potential consequences, including the possibility of dissolution by the state.
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Describe each integration method and when best to use it.
**The integration methods mentioned are copy and paste, linking, and embedding