The graphs show that agriculture makes up a sizable component of Bolivia's labour force, which is also significantly represented in the services sector.
The graph shows that the services sector employs the largest proportion of Bolivia's labour force. This shows that the service sector is very important to the economy and employment of the nation. According to the graph, agriculture accounts for a sizable share of the labour force in Bolivia. This shows that agriculture is still a crucial industry for the nation's economy and way of life. The graph does not specify the precise percentage of Bolivians employed in the industrial sector. Because of this, we cannot draw the conclusion that industry employs a smaller number of people than services.
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Assume that a certain business has $1,000 worth inventory, $1,000 cash in bank, and $10,000 receivable from customers in three months. Further, the business needs to pay a short-term loan worth $5,000 in less than six months. What might be the working capital requirement of this business?
A.
$5,000
B.
$6,000
C.
$7,000
D.
$8,000
E.
$12,000
Answer:
A. $5,000
Explanation:
Plato
The working capital requirement of this business is $5,000. Thus, option A is correct.
What is working capital?A financial term known as working capital (WC) measures the operating liquidity that is accessible to a company, organization, or other organization, including governmental agencies.
Working capital is seen as a component of operational capital, along with fixed assets like plant and equipment. Current assets are equal to gross working capital. Current assets less Current Liabilities equals Working Capital. An entity has a working capital deficiency, also known as a working capital deficit and negative working capital, if current assets are fewer than current liabilities. Despite having assets and profits, a business may lack liquidity if its assets cannot be quickly transformed into cash.
Therefore, we can conclude that option A is correct.
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The project sponsor recently approved changes to the time-phased project budget. what is being referred to?
The phrase "The project sponsor recently approved changes to the time-phased project budget" refers to the fact that the person or group responsible for overseeing the project has given their approval for modifications to be made to the budget of the project.
When a project is initiated, a budget is typically established to allocate resources and funds for different tasks and activities throughout the project's duration. The budget is usually divided into different time periods, such as months or quarters, to track the planned expenditure over time. However, as the project progresses, there may be a need to make changes to the budget due to various reasons, such as unexpected costs, scope changes, or revised timelines.
In this scenario, the project sponsor, who holds the authority to make decisions and provide guidance, has reviewed and given their approval to modify the budget. These changes can involve reallocating funds from one time period to another, increasing or decreasing the overall budget, or adjusting the allocations for specific tasks or resources. By approving these changes, the project sponsor acknowledges and accepts the updated budget, allowing the project team to proceed accordingly. It is important for the project sponsor to carefully review and evaluate the impact of these changes to ensure they align with the project's objectives, constraints, and available resources.
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In a DPP, a general partner is all of the following except A) one who buys and sells the program's property. B) one who appoints the property manager. C) a key executive who makes day-to-day business decisions. D) one who has limited liability.
Answer:
I believe that the answer is B
YASHARI earns $27,000 per year, is single, and lives in Wyoming. She has $7000 in Direct Subsidized loans and another $19,000 in Direct Unsubsidized loans. She is trying to save up an emergency fund of at least 6 months’ take-home pay, so she’s torn about how much she should devote to her student loans and how much to the emergency fund every month.
- Which plan has the highest total amount paid? How long is the repayment period for this plan?
a) The plan with the highest total amount paid is the Direct Unsubsidized Loan of $19,000 because, in addition to the interest, the principal amount is higher than the Direct Subsidized Loan.
b) The repayment period for the Direct Unsubsidized Loan is 10 years after graduation if the Standard Repayment Plan is chosen.
What are unsubsidized and subsidized loans?Subsidized Loans are student loans subsidized by the Federal Government, especially with respect to the interest payment.
Subsidized Loans do not accrue interest during school at least half-time or during deferment periods. They are available for undergraduate and graduate students in financial need.
Unsubsidized Loans are federal student loans for both undergraduate and graduate students that are not based on financial need. They accumulate interest during school if the student does not elect to make monthly interest payments.
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When working over dangerous equipment
and machinery, fall protection must be
provided________.
A)regardless of distance
B)at 6 feet
C)at 10 feet
Answer:
Regardless of distance (A).
Explanation:
This is because if you don't have protection at all times you could get seriously hurt.
What is the 3rd party confidential hotline that the board has established for employees to use to report conflicts of interest or other ethical concerns?.
For workers to use in reporting conflicts of interest or other ethical problems for Bend ISD, the Board has established the SAFE hotline as a third party confidential hotline.
Employees and other interested parties can report potential fraud, ethics violations, and other issues in a private, confidential manner to SAFE Hotline, an independent third-party Ethics Hotline provider.
Both for-profit businesses and nonprofits can use SAFE Hotline. The service is a useful tool to assist find incidents before the business loses money, assets are taken, there are legal implications, or its reputation is affected.
A case management tool can assist your company keep track of, go through, and add case notes and SAFE Hotline documents to submitted reports. The case management system also enables you to restrict user access to only the cases they are presently investigating.
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What are the core skills and knowledge you hope to acquire by completing a degree in this major and how do you plan to apply these when you graduate?
My career interest has always derived from my desire to attract consumers or people psychologically, visually and culturally. The knowledge I hope to attain by completing a Bachelor of Journalism and Communication at University of Florida is a complete understanding of Advertising. I know that I will become a successful advertiser due to the program they have to offer. The program will give me strong leadership skills to become the best I can be. In addition, it can provide strong analytic skills, so I can give my service in different work fields. Also, by analyzing my strengths and weakness, I will learn more about myself and I will be able to understand the different markets that exist. To become a successful advertiser, I will need all the skills that the program at University of Florida has to offer. My goal is to create my firm to provide services of advertising; not only to sell the idea of a product, but also for social issues campaigns that want to let their voices be heard.
Please provide any other information about yourself that you feel will help this college make an admission decision. This may include work, research, volunteer activities or other experiences pertaining to the degree program.
I am a self-driven, motivated female. I have capability to work under extremely stressful conditions. Being in the position of working and studying have never been a restrained. I am used to work long and hard hours, around the clock. In fact, it had taught me the true meaning of responsibility and how to be multitask. Also, I have done an internship in an Ecuadorian university while I was in my senior vacations. On the other hand, I have been involved in community service since my freshman year in high school. My main task was to teach math to elderly people that want to finish their high school studies. Moreover, been an international student, with English as second language, have give me the opportunity to completely immerse myself in a new language. As well, the experience of living in a different country make me a multicultural with high levels of adaptability. I strongly believe that University of Florida is the place where I can make my goals come true.
By completing a degree in Bachelor of Journalism and Communication at the University of Florida, I hope to acquire the core skills and knowledge necessary for a successful career in advertising
. This program offers a comprehensive understanding of advertising, which will enable me to attract consumers psychologically, visually, and culturally. The program's emphasis on strong leadership skills will equip me to excel in the field, while its focus on analytic skills will allow me to contribute effectively across various industries. Through self-analysis, I will gain a deeper understanding of my strengths and weaknesses, enabling me to navigate diverse markets. Ultimately, I aim to establish my own advertising firm that not only promotes products but also amplifies the voices of social issues campaigns.
Furthermore, I believe my personal qualities and experiences will greatly contribute to my success in the program. I am a self-driven and motivated individual, capable of working under high-pressure situations. Balancing work and studies has taught me the value of responsibility and honed my multitasking abilities. Additionally, my internship at an Ecuadorian university during my senior vacation showcased my willingness to gain practical experience in the field. Engaging in community service, particularly teaching math to elderly individuals seeking to complete their high school studies, has fostered my communication and interpersonal skills.
As an international student with English as my second language, I have fully immersed myself in a new language and developed strong adaptability skills. I firmly believe that the University of Florida is the ideal institution to help me achieve my goals and make a meaningful contribution to the field of advertising.
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which of the following should be applied to a company's existing policies and procedures when a new strategy is put into action? (choose every correct answer.) multiple select question. the company's policies and procedures should be revised to reflect the new strategy. management should create an entirely new set of policies and procedures. a company's policies and procedures should only be altered by the board of directors. policies and procedures that are incompatible with the new strategy should be discarded.
The statement made by the HIM director policies a risk management approach that emphasises both averting negative consequences and mitigating those that cannot be avoided. The correct answer is d. policies and procedures that are incompatible with the new strategy should be discarded.
This type of technique is known as a "Risk Mitigation Strategy". Organisations can design policies and processes that specifically address risks to lower the likelihood and impact of likely bad events. Strong risk mitigation strategies must be developed and put into place for organisations to successfully identify, rank, and prioritise possible risks and develop effective mitigation measures that lessen the likelihood of harm.Individuals can ensure that they are better prepared to manage risks and mitigate the effects of unfavourable outcomes by doing this.
Complete question:
which of the following should be applied to a company's existing policies and procedures when a new strategy is put into action? (choose every correct answer.) multiple select question.
a. the company's policies and procedures should be revised to reflect the new strategy.
b. management should create an entirely new set of policies and procedures.
c. a company's policies and procedures should only be altered by the board of directors.
d. policies and procedures that are incompatible with the new strategy should be discarded.
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If a product is no longer showing strong market share and sales are diminishing, which of the following would be the best approach to trying to extend its lifetime on the market
A. Offer extended warranties
B. Re-launch
C. Positioning
D. Discontinue
Answer:B. re-launch
Explanation: just took the quiz
Answer:
Re launch
Explanation:
A p e x
suppose that a certain country has an mpc of 0.9 and a real gdp of $400 billion. if its investment spending decreases by $5 billion, what will be its new level of real gdp?
$375 billion will be its new level of real GDP.
What is GDP?One of the most well-known is GDP, or gross domestic product. It is regularly cited in books, newspapers, television news, and reports by governments, central banks, and the corporate world. These days, it is commonly used as a benchmark to gauge the health of both national and global economies.
The gross domestic product is a commonly used indicator of the value added produced by the production of goods and services in a country over a certain time period. As a result, it also takes into account the money made from that manufacturing, or the sum of money spent on finished goods and services.
Thus, it is $375 billion.
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Which command is used to draw visible line form invisible line mode *
in microsoft window logo
PD
PU
PE
None of these
In Microsoft window logo, the command which is used to draw visible line that forms an invisible line mode is: A. PD.
Microsoft window logo is a programming language that was designed and developed at the Massachusetts Institute of Technology (MIT) by George Mills, based on the educational programming language called Logo.
Some of the commands that are used on Microsoft window logo include the following:
FORWARD (fd)BACK (bk)HOMERIGHT (rt)Pendup (PU)Pendown (PD)In Microsoft window logo, the Pendown (PD) command is used to instruct the turtle to draw a visible line or leave ink (tracks) on the screen as it moves. Thus, it is a command which is used to draw visible line while forming an invisible line mode.
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Would pebbles at the beach make a good form of money explain why or why not.
Answer: there are some pebbles but some can be really rare find out why.
Explanation: They are pretty tiny, in order that they may be accustomed obtain most things. they're going to not rot or otherwise disappear. the matter is that pebbles square measure approach too common to use for cash. If anyone will blast off to a beach or different such place and acquire tons of a substance, it's not terribly helpful as cash.
Which parts of your business are not profitable?
Answer:
7 Problems Preventing Your Business From Being Profitable
Low prices. Setting prices is one of the first and most important decisions you'll have to make for your business.Too much overhead.Too many ongoing costs.Unseen or hidden costs.Fierce competition.A lack of market awareness. Inconsistency.How is international marketing different than global marketing? How does the above relate to SCMM?
International marketing and global marketing are two different terms used in marketing. International marketing is a marketing strategy that refers to a company's sales and marketing efforts across the borders of the countries. It's a strategy that focuses on a country's unique characteristics and adapting products and marketing tactics to that specific market.
On the other hand, global marketing is the marketing of products and services globally, focusing on similarities across countries. This type of marketing aims to establish a worldwide brand name and image that appeals to a diverse customer base. SCM, supply chain management, is the planning, organization, and control of the movement of goods and services from suppliers to consumers. In international marketing, the supply chain must be adapted to the specific country's customs, laws, and regulations. The supply chain must also address any language and cultural barriers that may exist. Standardizing the supply chain can lead to lower production costs and increase efficiency.
SCM relates to international marketing as the supply chain must be adapted to specific country customs, laws, regulations, and cultural barriers. SCM relates to global marketing by requiring a standardized supply chain across all countries where the product is sold.
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Which of the following refers a reduction the production and availability of a good or service in due to a decrease in its market price? a. An increase in the supply for a product b. An increase in the quantity supplied for a product C. A decrease in the supply of a product d. A decrease in the quantity supplied for a product
Answer:
B. an increase in the quantity supplied for a product.
An American organic potato-chip company has decided to consider global expansion. It has done its market research and found that there is a comparable market for its products. In addition, it has found the required distributors and a potential manufacturing location overseas. However, in the United States, its chips have regional themes, such as Saucy Southern Barbeque and Spicy Southwest Chili flavors, which will not easily translate into markets outside the United States. How could the company address this issue while maintaining the identifiable elements of the brand when expanding globally?
There are various strategies for addressing this issue regardless of which one you eventually adopt, you must change any of the elements of the marketing mix; two possible strategies are listed below.
How to illustrate the information?Product customization:
Changing the recipe for potato chips with the most similar flavors in the new region where the potato is distributed. It is difficult to predict how the chip flavor will be replicated in the global market, so looking for identifiable flavors per region while maintaining the brand's colors, advertising, price, and quality keeps the brand's identity untouchable even as the final product expands its lines.
Making changes to the promotion:
If changing recipes is too difficult for the product team, advertising campaigns will create a brand identity for different regions. For this, the packaging languages may change, and the methods of promotion in each region (TV, internet, influencers) may be considered to introduce the product in each region.
Alternatively, you could consider keeping the brand original and launching a strong pull marketing campaign to position the product as an International product.
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What were the economic consequences of apartheid in south africa?.
Answer
Apartheid education policies lead to low rates of investment in human capital of black workers. Consequently, the economy falls to a lower level of physical and human capital in equilibrium and hence to a lower real income per capita in the long-run equilibrium
Answer: answer is
A C D
Explanation:
did it
What is interpersonal skills for kids?
Early childhood development is reliant on interpersonal interactions, and these interactions have an effect that goes beyond the early child's life, influencing future learning and development at the cognitive, linguistic, socioemotional, and physical levels.
The care provided will support the child's best growth pathways, promoting their future participation in society and optimal functioning. Caregivers who are conscientious and recognize the importance of their contacts with the kid in the early years of life.
According to Bronfenbrenner and Evans, children learn and develop as a result of their interactions with their surroundings. Also widely known and supported by the results of epigenetic studies is the impact of early experiences on the structure and operation of the brain.
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How long does it take to receive federal tax refund.
The duration for receiving federal tax refunds depends on several factors such as the filing method, errors on the returns, and how the taxpayer wants to get their refund. This process usually takes 21 days from the day the IRS acknowledges receipt of your returns.
Also, there are two ways of filing taxes, electronically (e-file) and through the mail (paper filing). Electronic filing is the fastest method to file returns as the IRS usually processes e-file returns quicker than paper returns.Most taxpayers who filed electronically and opted for direct deposit will receive their refund within three weeks. If you chose to mail in your tax returns, it can take up to eight weeks to receive your refund.The IRS also allows taxpayers to check the status of their refunds using the Where's My Refund? tool. Taxpayers can use this tool to check the status of their refunds 24 hours after filing electronically or four weeks after filing a paper return. In conclusion, the duration for receiving federal tax refunds depends on several factors, but it usually takes 21 days if you file electronically and request direct deposit.
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On January 1,2021 , Bramble Corp. issued its 10% bonds in the face amount of $8120000, which mature on January 1,2031 . The bonds were issued for $9209688 to yield 8%, resulting in bond premium of $1089688. Bramble uses the effective-interest method of amortizing bond premium. Interest is payable annually on December 31. At December 31, 2021, Bramble's adjusted unamortized bond premium should be (Round intermediate calculations to 0 decimal places, e.g. 9,020,890.) $1089688.
$1014463.
$980719.
$820063.
Bramble Corp.'s adjusted unamortized bond premium at December 31, 2021 should be $980,719.
To calculate the adjusted unamortized bond premium, we need to determine the annual amortization amount. The bond premium of $1,089,688 is amortized over the bond's 10-year life using the effective interest method.
Using the effective interest method, the annual interest expense is calculated by multiplying the carrying value of the bond (issue price + unamortized premium) by the effective interest rate (8%). In the first year, the carrying value is $9,209,688 ($9,209,688 = $9,209,688 - $0), and the interest expense is $736,775 ($736,775 = $9,209,688 * 8%).
The annual amortization amount is the difference between the interest expense and the cash payment. In this case, since interest is payable annually, the cash payment is the same as the interest expense ($736,775). Therefore, the annual amortization amount is $353,913 ($353,913 = $736,775 - $382,863).
To find the adjusted unamortized bond premium at the end of the first year, we subtract the annual amortization amount from the initial bond premium: $1,089,688 - $353,913 = $735,775.
Therefore, Bramble Corp.'s adjusted unamortized bond premium at December 31, 2021, should be $980,719 ($735,775 + $244,944).
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Bramble Corp.'s adjusted unamortized bond premium at December 31, 2021 should be $980,719. To calculate the adjusted unamortized bond premium, we need to determine the annual amortization amount.
The bond premium of $1,089,688 is amortized over the bond's 10-year life using the effective interest method. Using the effective interest method, the annual interest expense is calculated by multiplying the carrying value of the bond (issue price + unamortized premium) by the effective interest rate (8%). In the first year, the carrying value is $9,209,688 ($9,209,688 = $9,209,688 - $0), and the interest expense is $736,775 ($736,775 = $9,209,688 * 8%).
The annual amortization amount is the difference between the interest expense and the cash payment. In this case, since interest is payable annually, the cash payment is the same as the interest expense ($736,775). Therefore, the annual amortization amount is $353,913 ($353,913 = $736,775 - $382,863).
To find the adjusted unamortized bond premium at the end of the first year, we subtract the annual amortization amount from the initial bond premium: $1,089,688 - $353,913 = $735,775.
Therefore, Bramble Corp.'s adjusted unamortized bond premium at December 31, 2021, should be $980,719 ($735,775 + $244,944).
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Carlton Company uses the percent of sales method to estimate its bad debt expense. Based on past experience, the company estimates 2 percent of credit sales to be uncollectible. At the end of the current year, the company's unadjusted trial balance shows Accounts Receivable of $245,000 and Credit Sales of $900,000. Prepare the necessary December 31 adjusting entry by selecting the account names and dollar amounts from the drop-down menus.
Answer and Explanation:
The Journal entry is shown below:-
Bad debts expense Dr, $18,000 ($900,000 × 2%)
To Allowance for doubtful accounts $18,000
(Being bad debt expense for the year is recorded)
Here we debited the bad debt expenses as it increased the expenses and we credited the allowance for doubtful accounts as it decrease the value of the assets
A sandwich shop has identified two groups of consumers for its pulled-pork sandwiches: A and B. Group A's price elasticity of demand is -3.75 and group B's is -1.8. If there is no possibility of resale, then the shop should charge a higher price to which group?
The sandwich shop should charge a higher price to group B. To determine which group the shop should charge a higher price to, we need to consider the price elasticity of demand for each group.
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.
The absolute value of the price elasticity of demand indicates the sensitivity of consumers to price changes. A higher absolute value implies greater sensitivity. In this case, group A has a price elasticity of demand of -3.75, while group B has a price elasticity of demand of -1.8.
Since the absolute value of group A's price elasticity of demand (-3.75) is higher than that of group B (-1.8), it means that group A is more price-sensitive and responsive to changes in price compared to group B.
Considering the price elasticity of demand, the sandwich shop should charge a higher price to group B. Group A's higher price elasticity indicates that they are more likely to respond negatively to price increases by reducing their quantity demanded. On the other hand, group B's lower price elasticity suggests that they are less sensitive to price changes, and therefore, the shop has more flexibility to charge a higher price to this group without significantly impacting their demand.
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Insurance rates are lower for those with poor credit true or false
Answer:
False
Explanation:
Have an imaginary conversation with your best friend. Write four (4) lines of dialogue about a business that you support or want to start supporting. Here’s the catch… you may NOT use the letter ‘E’ in ANY word in any line of dialogue!
100 Points
Business communication refers to the exchange of information within the workplace and with third parties.
What is Business Communication?Business communication refers to the exchange of information within the workplace and with third parties.Its goal is to improve organizational procedures and reduce errors. It is critical to improve both your communication abilities and processes in order to achieve excellent business communication. Business communication is communication that aims to help a company achieve a fundamental goal by sharing information among employees and people outside the company. Business communication refers to the sending and receiving of effective communications within a corporation, organization, or business. Business communication entails the exchange of information among members of an organization as well as between the organization and outside parties. Upward communication, downward communication, lateral communication, and external communication are the four major types.How ,do you do?
Many thanks; I'm fine.
What does your company claim?
My company is doing nicely.
Which industry you in?
trading in textile
I choose to begin in the same manner.
Oh, very well
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What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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In parliamentary procedure, a meeting begins when the chair person says which of the following phrases?
a. We will now begin the meeting.
b. The meeting has been called.
C. The meeting will now come to order.
d. There shall be order and commencement.
Answer:
c
Explanation:
got it right on test
In parliamentary procedure, a meeting begins when the chairperson says The meeting will now come to order. Thus option A is correct.
What is parliamentary procedure?A parliamentary system, sometimes known as a parliamentarian system, is a method of democratic government whereby the executive branch obtains the backing of the legislative, usually a parliament, to whom it is answerable.
A really well agenda results in shorter sessions that go more smoothly. The topics that will be covered in what order should be listed on the agenda. Establish a priority list if there are multiple critical items.
Ahead-of-time preparation and the use of agendas is preferred by some boards. This was stating that there will be a commencement. Therefore, option A is the correct option.
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There commencement.
Who receives and pays out county funds in most counties?
A Government is a system or group of people that governs an systematized community, generally a state.
In utmost sections, the quarter tone- government receives and issues quarter finances.
Making and enforcing laws, collecting taxes, providing public goods and services, and representing the people's interests are all responsibilities of governments. There are many different ways in which government can be organized, including republics, monarchies, totalitarianism, and other forms of government.
special sections are independent special- purpose government units that are independent of original governments, similar District, megacity and megacity administrations live with considerable executive and financial independence.
The rules of society, defense, foreign policy, business, and public services are all the domain of the government.
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Do you agree with Dr. King that you can protest an unjust law and still be respectful of the law?
Answer:
One has not only a legal but a moral responsibility to obey just laws. Conversely, one has a moral responsibility to disobey unjust laws. Any law that uplifts human personality is just. Any law that degrades human personality is unjust.
Explanation:
“An individual who breaks a law that conscience tells him is unjust, and who willingly accepts the penalty of imprisonment in order to arouse the conscience of the community over its injustice, is in reality expressing the highest respect for the law” – Martin Luther King, Jr.
select all the factors that influence the velocity of p-waves as they travel through earth. multiple select question. size of the earthquake that generated the p-wave the density of the material the location of origin of the p-wave how easily the rocks are compressed the color of the material how rigid the material is
The factors that influence the velocity of p-waves as they travel through earth are: Size of the earthquake that generated the p-wave Density of the material Location of origin of the p-wave How easily the rocks are compressed P-waves are body waves, which means that they travel through the earth rather than on its surface.
They have a high velocity and can travel through solid rock and fluids. The velocity of P-waves is influenced by several factors.
size of the earthquake that generated the p-waveThe size of the earthquake that generated the P-wave is a factor that influences the velocity of the P-wave. As the magnitude of the earthquake increases, the velocity of the P-wave also increases.
This is because larger earthquakes generate more energy that can be transmitted through the earth, resulting in faster waves. Density of the material The density of the material through which the P-wave travels also influences its velocity.
Location of origin of the p-wave The location of the origin of the P-wave can also influence its velocity. Waves that originate closer to the surface of the earth travel slower than waves that originate deeper beneath the surface.
How easily the rocks are compressed The ease with which the rocks through which the P-waves travel can be compressed is another factor that influences their velocity. The more easily the rocks can be compressed, the slower the waves will travel.
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Quogue Sporting Goods purchased a new screen-printing machine for $50,000. It cost $1,000 to deliver the machine and $5,000 to install it. What amount should Quogue record as the cost of the machine?
$50,000
$51,000
$55,000
$56,000
Quogue Sporting Goods should record the cost of the machine as $56,000. Option D
This is because the cost of the machine includes not only the purchase price of $50,000, but also the cost of delivery ($1,000) and installation ($5,000).
When recording the cost of an asset, it is important to include all costs necessary to get the asset ready for its intended use. This includes not only the purchase price, but also any additional costs incurred to get the asset to its intended location and to set it up properly.
In this case, the screen-printing machine was not just purchased for $50,000, but also required delivery and installation. Therefore, the total cost of the machine is $56,000.
It is important for businesses to accurately record the cost of their assets, as this information is used to calculate depreciation expense and ultimately impacts the financial statements. By including all necessary costs in the cost of the asset, businesses can ensure that their financial statements reflect the true cost of their assets. Option D is correct.
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