They may also require significant investment in new technology and retraining of employees.
The different operations that can be selected by students for the discussion of process technologies are: Food chains: Restaurants, fast food chains, bakeries, cafes, etc. Retail stores: Supermarkets, convenience stores, department stores, etc. Entertainment industry: Cinemas, amusement parks, sports stadiums, museums, etc. Financial institutions: Banks, insurance companies, etc. Manufacturing plants: Textile factories, automobile factories, etc. Process technologies used in these operations vary from operation to operation. For example, restaurants use process technologies like kitchen equipment, inventory management systems, and customer service management systems. In contrast, banks use process technologies like digital banking platforms, automatic teller machines (ATMs), and transaction processing systems. These innovations may change how businesses interact with customers, how they manage inventory and process transactions, and how they process data. In some cases, these changes may result in more efficient operations and increased profits. However, they may also require significant investment in new technology and retraining of employees.
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1. Many media outlets have reported extensively on the long wait times for veterans seeking medical attention through VA hospitals. Several of those outlets neglected to cover the federal corruption and bureaucratic difficulties that led to the poor care of veterans. This is an example of
Answer:
Bias by omission
Explanation:
This is an example of bias by omission. Bias by omission occurs when a media outlet leaves out one side of a story or one aspect of a story.
what is an example of an external recruitment source?
Here are some examples of external recruitment sources:
Job Boards: Websites such as Indeed, Monster, and Glassdoor where job postings can be placed and potential candidates can search for job opportunities.Professional Associations: Professional organizations related to a specific industry or field, such as the Human Resource Management Association or the National Association of Software and Services Companies.Recruitment Agencies: Companies that specialize in matching job seekers with employers, often on a contingency or retainer basis.Career Fairs: Events where multiple companies come together to showcase their job openings and meet potential candidates.An external recruitment source refers to a source outside the organization from which a company can recruit new employees. Each external recruitment source has its own advantages and disadvantages, and companies may choose to use a combination of sources to meet their recruitment needs.
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Design the form in HTML notepade What is meant by a specialization/generalization relationship? Illustrate this term in the following scenario
The Finance department in a company keeps the information about its employees in a database. The employees are classified as part-time employees, full-time employees, and interns. Interns are usually students who work with the company during the summers. Complete the E-R diagram below by:
a). Adding a unique attribute (relationship) for each entity subtype
b). Adding an attribute shared by all entities
c). Identifying whether the disjoint or overlap rule applies
d). Identifying whether the total specialization or partial specialization rule applies
Question 3
Discuss how and when aggregates are used.
a. When are they introduced in our diagram?
b. How many relationships are allowed in an aggregate?
c. What is the difference between a many-to-many relationship with attributes on our diagram vs an aggregate? Give examples
d. Illustrate the following scenario.
Third-year undergraduate students are required to undertake a capstone research project. Each project is proposed by one or more lecturers and each student undertaking a project has to be supervised by a lecturer however not every lecturer supervises a project though he/she may propose one. Of course, the grade a student received for a project needs to be recorded along with the academic year undertaken.
a) Adding a unique attribute (relationship) for each entity subtype- In this case, each employee type (part-time, full-time, intern) has a unique attribute (relationship): part-time employees have a weekly work schedule, full-time employees have an annual salary, and interns have a university enrollment.
b) Adding an attribute shared by all entities- All employees share the same attribute of employee ID.
c) Identifying whether the disjoint or overlap rule applies- In this case, overlap rule applies as one employee can be part of more than one subtype (e.g., an employee can work part-time during the summer while being a full-time student).
d) Identifying whether the total specialization or partial specialization rule applies- Partial specialization rule applies as not all employees must be part of a subtype. An employee can work part-time during the summer without being a student.
Aggregates are used to simplify complex relationships between entities in a database model. They are introduced in the diagram when we have a set of many-to-many relationships that can be grouped into a single object or concept. Only one relationship is allowed in an aggregate. If we have a many-to-many relationship with attributes, we might consider using an aggregate if the attributes are more related to the relationship itself than to the entities involved. For example, if we have a many-to-many relationship between students and courses, and we want to store the grade for each student in each course, we might consider using an aggregate to group the relationship and the grade attribute. On the other hand, if we have a many-to-many relationship between customers and products, and we want to store the quantity of products that each customer has bought, we might not use an aggregate, since the quantity attribute is more related to the customer and the product than to the relationship itself.
Illustration:
In this case, we have three entities: students, lecturers, and projects. We also have two many-to-many relationships: students and projects, and lecturers and projects. We need to store the grade received by each student for each project, as well as the academic year in which the project was undertaken. We can use an aggregate to group the two relationships and the two attributes. The aggregate would have three attributes: student ID, project ID, and grade/academic year. The aggregate would also have two relationships: students-projects and lecturers-projects, each with multiplicity of many-to-many. This would simplify the diagram and make it more readable.
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Which statement below about the exchange rate is FALSE?It is possible to predict precisely what the exchange rate between two countries will be.Exchange rates are subject to the economic volatility of the countries involved.Forms of notation for exchange rates can vary from country to country.An exchange rate is the value of one currency in terms of another.
The correct response is a. It is possible to predict precisely what the exchange rate between two countries will be.
An exchange rate that is managed to fluctuate is what determines current exchange rates internationally. Each currency's value is influenced by the monetary policies of its government or central bank when there is a managed floating exchange rate. Due to Kuwait's stable economy, the Kuwaiti dinar has maintained its status as the most valuable currency in the world. As one of the world's major producers, the nation's economy depends heavily on oil exports. The most active trading hours are during the overlap of the U.S. and London markets (8 a.m. to 12 EST), which offers the best trading chances. Although less volatile than the U.S./London overlap (2–4 a.m.), the Sydney/Tokyo markets overlap nevertheless presents chances.
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How do the elements of the marketing mix work together to help create a
marketing strategy?
Answer:
The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.
Explanation:
Which post-secondary program requires minimal prerequisites?
Answer with Explanation:
It depends upon the college or university you choose. If you are choosing a foreign college or university then following are the possible minimal pre-requisites:
Age FactorAttained Marks percentage Language Speaking requirement which includes taking an English speaking, learning and writing test. Examples of approved english skills tests programs are TOEFL, IELTS, etc.Minimum Fee depositCharacter CertificateValid PassportPersonal Information Providing Field oriented report which explains why you want to opt this program.Other requirements depending upon the course, university and law that governs the territory in which the institute operates.If a formal report is very long, a(n) ________ briefly summarizes the most important information in the report allowing managers to decide whether or not to read the entire document or just parts of the document.
Based on business writing styles, If a formal report is very long, an Executive Summary briefly summarizes the most important information in the report allowing managers to decide whether or not to read the entire document or just parts of the document.
What is an Executive Summary?Executive Summary is the part of the formal report that contains all the necessary details of the formal report.
Executive Summary allows the readers to have an overview of what is in the formal report, thereby making the readers get informed of the complete information of the formal report.
Hence, in this case, it is concluded that the correct answer is Executive Summary.
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Calculate the net pay using the following information:
Gross pay = $700
FICA tax = $55.90
Federal taxes = $85
State taxes = $20.44
Local taxes = $0
Health insurance =$47.50
Net pay = ?
Answer:
$ 491.1
Explanation:
Net pay is the take home pay salary. it is calculated by subtracting all deduction from the gross pay
Total deductions =$55.90 +$85 + $20.44 + $0, +$47.59
Total deductions = 208.84
Net pay = Total sales - taxes
=$700 - $208.84
=$ 491.36
certificates of deposit and money market accounts are both examples of investments with __________ risk and __________ return.
Certificates of deposit and money market accounts are both examples of investments with high risk and low return.
What is the purpose of a certificate of deposit?A certificate of deposit is a type of savings account in which the issuing bank holds a specific quantity of money for a specified period of time, such as six months, one year, or five years, in exchange for interest.
When one cash in or redeem your CD, they get the money they put in plus any interest earned.
Thus, high and low are correct.
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Arantxa corporation has outstanding 20,000 shares of $5 par value common stock. on august 1, 2014, arantxa reacquired 200 shares at $80 per share.
The journal entries to record these transactions of Arantxa corporation using the cost method are given below.
How do you define journal entries?The journal entry can encompass numerous recordings, every of that's both a debit or a credit. The act of maintaining or making statistics of any transactions both financial or non-financial is referred to as journal entries.
The missing information in the question can be given below:
On November 1, Arantxa reissued the 200 shares at $70 per share. Arantxa had no previous treasury stock transactions. Prepare Arantxa's journal entries to record these transactions using the cost method.
As per the given information,
The journal entries for the given information are as follows:
Treasury A/c Dr. $16,000
To Cash $16,000
Cash $14000
Retained Earnings $2,000
To Treasury stock $16,000
Hence, the journal entries recording the given transaction relating to treasury stock are explained above.
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The journal entry for the shares reacquisition on August 1, 2014, of Arantxa Corporation is as follows:
Journal Entry:August 1, 2014:
Debit Treasury Stock $1,000
Debit Additional Paid-in Capital - Common Stock $15,000
Credit Cash $16,000
To record the re-acquisition of shares at $80 per share.Transaction Analysis:August 1, 2014:
Treasury Stock $1,000 Additional Paid-in Capital - Common Stock $15,000 Cash $16,000 ($80 x 200)
Question Completion:Show the journal entries for the given information above.
Thus, the journal entry above shows that the shares were reacquired at a premium of $75 ($80 - $5) per share.
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on september 1 leather suppliers inc purchases 150 shares of western wear clothing for $13 per share. on nov 1 leather suppliers sells the investment for $17 per share. record the transactions made by leather suppliers for the purchase and sale of the investment in western wear clothing.
To record the transactions made by Leather Suppliers Inc for the purchase and sale of the investment in Western Wear Clothing,
we need to create journal entriesTo record the transactions made by Leather Suppliers Inc. for the purchase and sale of the investment in Western Wear Clothing, you would use the following journal entries:Purchase of investment on September 1:
Date: September 1
Account Debit: Investment in Western Wear Clothing
Account Credit: Cash
Amount: 150 shares * $13 per share = $1,950
Sale of investment on November 1:
Date: November 1
Account Debit: Cash
Account Credit: Investment in Western Wear Clothing
Amount: 150 shares * $17 per share = $2,550
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You are considering a 5/1 ARM. What does the 1 represent?
A. The number of years between adjustments in the interest rate
B. The interest rate of the initial fixed-rate loan period
C. The total number of years in the loan D. The number of years that a fixed interest rate will be applied to th loan
Answer: i would say b
Explanation:
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Bramble corporation is a small wholesaler of gourmet food products. data regarding the store's operations follow:
sales are budgeted at $270,000 for november, $250,000 for december, and $240,000 for january.
collections are expected to be 50% in the month of sale and 50% in the month following the sale.
the cost of goods sold is 75% of sales.
the company would like to maintain ending merchandise inventories equal to 65% of the next month's cost of goods sold. payment for merchandise is made in the month following the purchase.
other monthly expenses to be paid in cash are $23,300.
monthly depreciation is $14,300.
ignore taxes.
Using the subtraction operator, the difference between cash receipt and cash disbursement for December would be $67,400
Cash Receipts for December :
$(440,000 × 0.45) + $($460,000 × 0.55)
$198000 + $253000
= $451,000
Cash Disbursement for December :
Purchases + Other monthly expenses
($460,000 × 0.80) + ($440,000 × 0.80 × 0.60) - ($460,000 × 0.80 × 0.60) + $25200
= $383,600
Difference = Cash receipt - Cash disbursement
Difference = $451,000 - $383,600
= $64,700
Hence, difference in receipt and disbursement on December is $64,700
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The owners of Jason Rocks learn that new environmental and safety regulations have been enacted that will raise its operating costs to $85,000 per day. The owners do not expect these regulations to affect the selling prices of the washed and unwashed stones, nor do they expect them to affect the costs of washing and delivering the stones. Given this new information, how do your answers in part (e) change
The owners of Jason Rocks will now face higher operating costs of $85,000 per day due to new environmental and safety regulation.
This increase in operating costs will directly impact the profitability of Jason Rocks. The company's net income will decrease by $85,000 per day as these costs cannot be passed on to customers through higher selling prices. However, the costs of washing and delivering the stones are not expected to be affected, so they remain the same.
As a result, Jason Rocks' overall profitability will be significantly affected. The company will need to find ways to offset the increased operating costs to maintain its financial health. This may involve exploring cost-cutting measures or seeking efficiency improvements in other areas of the business.
In conclusion, the implementation of new environmental and safety regulations will lead to a decrease in Jason Rocks' net income by $85,000 per day. The owners will need to carefully evaluate their business strategies and make adjustments to mitigate the impact of these higher operating costs.
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g a hotel company has acquired a new brand, which was previously independent. the company designs a new advertising campaign, in which it emphasizes that the new brand is part of the hotel company's brand portfolio, and that the customer should expect a new level of service from now on
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What term defines the broad, long-term accomplishments an organization wishes to attain?.
Organizational goals define the broad, long-term accomplishments an organization wishes to attain.
The objectives that businesses want to achieve are known as organizational goals. In an effort to reach the desired outcome of profitability, competence, and sustainability, organizational goals are set. The organizational goals of an organisation are expressed in the organization's mission or vision statement, and the specifics of the those goals are detailed in the business strategies.
Goals aid in the formulation of an organisation ’s mission, promote corporate expansion, and help it meet its financial goals. A corporation can measure its progress and identify the activities that must be addressed in order to achieve those business objectives by setting organisational objectives.
The organizational goals need to be specific, measurable, attainable realistic and timely.
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PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Trina wants to start a company that makes clothing. She has a lot of ideas, but she doesn’t have any sewing machines to use to make the clothes. Which category of economic resource does she require?
labor
entrepreneurial ability
capital
Answer:I think b
Explanation:
Trina requires capital category of economic recourse because to buy sewing machines. The correct optin is (c).
What is capital in business?Capital in business refers to the cash, machines, any type of assets, bills receivable, patents etc. which is used for the business purpose.
Capital is the life line of every business. Every business assets which are used for the business activity they create the value of the business and consider as the capital of the business. Capital is the financial assets which is used in the business.
Trina wants to start the business for making clothes, so she wants to buying the sewing machines for their business and in this case the lack of capital resources. Trina wants cash to buy the sewing machines to the
start the business.
Capital is classified as assets in terms of accounting. Capital is the blood of business. Therefore to every entrepreneur needs the capital for their business/company.
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which best describes why countries establish limits on trade? check all that apply.
o to force domestic industries to compete
o to restrict foreign influence in a sector
o to restrict importation of a foreign good
o to raise the price of foreign goods
The options that best describe why countries establish trade barriers are as follows:
(B) Limiting foreign influence in a certain industry.
(C) Restricting the import of foreign goods.
(D) Sanctioning other countries.
What do we mean by limits on trade?Trade limitations are imposed by the government on global trade.
The theory of comparative advantage claims that trade restrictions harm the global economy and reduce overall economic efficiency.
The majority of trade barriers operate under the same general premise: they impose some type of cost (money, time, bureaucracy, quota) on commerce that drives up the cost or supply of the traded goods.
A trade war happens when two or more countries deploy trade barriers against one another repeatedly.
The following choices best explain why nations impose trade restrictions:
1. To limit foreign influence in a particular industry;
2. To limit the importation of foreign goods; and
3. To penalize other nations
Therefore, the options that best describe why countries establish trade barriers are as follows:
(B) Limiting foreign influence in a certain industry.
(C) Restricting the import of foreign goods.
(D) Sanctioning other countries.
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Correct question:
Which best describes why countries establish limits on trade? check all that apply.
A. to force domestic industries to compete
B. to restrict foreign influence in a sector
C. to restrict the importation of a foreign good
D. to raise the price of foreign goods
You need a new computer, and you will need a loan in order to buy one. Which lender is most likely to charge you the highest interest rate on your loan?
A. finance company
B. savings and loan association
C. credit union
D. savings bank
Savings and loan association is the lender is most likely to charge you the highest interest rate on your loan. Hence, option B is correct.
What is the main purpose of a savings and loan association?Building Societies or Savings and Loan Associations perform the same fundamental duties by gathering funds from the general public and using those savings to fund mortgage loans for residential real estate.
The S&L crisis may have caused the banking sector to collapse with the greatest degree since the Great Depression. By 1989, more than 1,000 S&Ls had failed nationwide, thus destroying one of the most reliable sources of house mortgages.
In that they provide many of the same services, including banking and mortgage financing, savings and loan associations function similarly to banks and credit unions. Savings and loan organizations, however, prioritize savings and mortgages more.
Thus, option B is correct.
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Excess capacity will not be visually recognizable to consumers, only to firms.
false True
The statement is true, excess capacity will not be visually recognizable to consumers, only to firms.
What does the term "excess capacity" mean?When there is less demand for a company's products and services than there is production capacity, the situation is referred to as having excess capacity. When demand is at its lowest in a seasonal sector, capacity may nevertheless be kept up to match the season's peak.
How do you recognise overcapacity?Excess capacity happens when a company produces more than the market needs. Excess capacity can result in an imbalance between revenue and expenses, even if it may indicate good expansion. You may calculate excess capacity by subtracting actual production from total capacity.
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dr. jahrel has designed a study that uses surveys to collect data on students’ opinions regarding the use of drugs on campus. what responsibility does dr. jahrel have before he starts collecting data?
The responsibility that Dr. Jahrel owes before he starts collecting data is that he must ask the institute review board to review his research study before application, and also ensure that whatever he does must not impact the individuals such that they begin to use drugs.
The use of drugs in school or organizational campus can have a negative impact on everyone and this will also degrade the reputation of the place. Drugs are highly addictive opioids which can turn a person into feeling of euphoria and if this addiction continues, this might even affect their brain harshly and the individual might end up his life. Before starting any research related to use of drugs by students, the researcher must take due permission and consideration from the institute and once they get the NOC (No objection certificate), the research can be started. The researcher must not disclose the findings to the people/ students and also prevent any harmful consequences on the students.
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You're been placed in charge of all promotion for a product that has common appeal in different cultures around the world. You'll most likely engage in a promotion.
Answer:
True
Explanation:
A product that has common appeal in different cultures around the world would indeed require engaging in promotion. Why? Because each culture may have unique consumer behaviors.
For example, a popular product like Coke that has common appeal in different cultures around the world often engages in promotion in order to still keep existing customers and to acquire new ones because of the presence of other competitors.
Kelly is interested in opening an XYZ franchise. In addition to an up-front payment of $100,000, Kelly will have to pay building costs and purchase inventory and equipment. This type of expense is called
The type of expense that Kelly will have to pay for building costs, inventory, and equipment when opening an XYZ franchise is known as **capital expenditure**.
Capital expenditures refer to expenses incurred by a business for the acquisition, improvement, or maintenance of long-term assets, such as buildings, equipment, and inventory. These expenses are typically significant and have a long-term impact on the business's operations and ability to generate revenue.
In the case of Kelly opening an XYZ franchise, the up-front payment of $100,000, along with the costs associated with building, inventory, and equipment, would fall under capital expenditures. These expenses are essential for setting up the business and establishing the necessary infrastructure and inventory to operate the franchise successfully.
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f. Compose an essay that argues which health care system is better in terms of economics. Analyze the reasons for your determination by covering these points:
• scarcity and allocation of resources
• incentives
• role of the government
• how prices are determined
• benefits and drawbacks for consumers in the UK and US
• benefits and drawbacks for producers in the UK and the US
Be sure to include specific reference to sources and a counterargument. Your essay should include an introduction, transitions, and a conclusion.
Answer:
In terms of economics, I believe the US healthcare system is superior because it is private and has a lower wait time. Private healthcare, such as Medicare and Medicaid, provides services to certain portions of the population in the United States. Workers and health facilities are also private since they are private, whereas they are public in the UK. Another advantage of being private is that they can provide speedier treatment and more improved technology, which makes them highly dependable in the United States. This leads me to my second argument about how the times are shorter in the United States than in the United Kingdom. People in the United Kingdom may have to wait months, if not years, for some treatments. In the United States, the waiting period might be a few days or weeks.
Both healthcare systems have significant economic problems. Both the United States and the United Kingdom have healthcare issues. I can't tell which is better because I've only been treated in the United States, but after conducting the thorough study, I can honestly state that I prefer the United Kingdom's healthcare system. I'd rather cope with the issues of free healthcare than with the difficulties of excessively expensive healthcare. I haven't had to deal with the flaws in this system yet because of my age, but I'm sure I will.
The United States government prefers to spend its money elsewhere. Because of its free healthcare, the United Kingdom does not face this issue. That isn't to say it isn't plagued by other problems. Inefficiencies emerge because profit is not the primary motivation for the NHS, and prices do not play the same role as they do in a free market economy. Because of the strength of a competitive market, the right amount and quality of health care would be delivered at the lowest possible cost to fulfill customer demand. The NHS, on the other hand, is not in this situation. They expect physicians to behave in their best interests, but in a free market, this may not be the case.
The United States boasts one of the greatest medical research systems in the world. The NHS's major goal in the United Kingdom is to offer a high-quality service based on clinical need rather than the capacity to pay. It is also a major employer. It boosts the economy's production by keeping the workforce healthy. It also boosts GDP by increasing life expectancy and, as a result, the average working life. Finally, neither system is flawless, and whether you think the US healthcare system is superior to the UK's is entirely up to you. However, I believe that the system in place in the United Kingdom is superior. Despite the fact that some of them are destitute, their government genuinely cares about each and every one of them.
What is working capital?
Answer:
Working capital, also called net working capital (NWC), represents the difference between a company’s current assets and current liabilities.
NWC is a measure of a company’s liquidity and short-term financial health.
A company has negative NWC if its ratio of current assets to liabilities is less than one.
Positive NWC indicates that a company can fund its current operations and invest in future activities and growth.
High NWC isn’t always a good thing. It might indicate that the business has too much inventory or is not investing its excess cash.
Explanation:
can you me as brainliest if its right? i just need a few more to rank up! ^-^
Also have a great day and good luck in your studies!
answer:
the capital of a business which is used in it day-to-day trading operation, calculated as the current assets minus the current liabilities
A cash equivalent is a short-term, highly liquid investment that is readily convertible into known amounts of cash and Group of answer choices is acceptable as a means to pay current liabilities. has a current market value that is greater than its original cost bears an interest rate that is at least equal to the prime rate of interest at the date of liquidation. is so near its maturity that it presents insignificant risk of changes in interest rates.
Answer:
so near its maturity that it presents insignificant risk of changes in interest rates.
Explanation:
As we know that the cash equivalent i.e .short term and also classified as the highly liquid investment that is always ready to convert into the cash amount i.e. near to its maturity also at the same time it represent the non-significant changes risk with respective to the rate of interest
Therefore the last option is correct
which type of Investment has a high potential return, but doesn’t promise a specific amount?
Answer: Debt investments I think
Explanation: I can’t comment (idk why)soo sry I tried tho, wish u luck
. Describe an example of a company that manufactures a product. (2-4 sentences. 1.0 points)
Answer:
The Coca-cola Company is a company that manufactures products. It is a multi-national company that manufactures soft drinks.
Explanation:
The Coca-Cola Company is an American company, and producer, retailer, and marketer of nonalcoholic drink stores and sugars. As the consumers demand for more the producers supply more. Further more you can easily find the substitutes of Coca-Cola for example if it’s expensive you can move to Pepsi brand which is the same.
the irs found that using analytics improved its ability to find tax cheats. what type of model was the irs most likely using?
The IRS was most likely using a predictive analytics model to improve its ability to find tax cheats. This model would use historical data and statistical algorithms to identify patterns and trends that indicate potential fraudulent behavior. By analyzing vast amounts of taxpayer data, the model could flag potential cases for further investigation, allowing the IRS to target its resources more effectively and efficiently.
The IRS most likely used a predictive analytics model to improve its ability to find tax cheats. This type of model analyzes historical data and patterns to predict the likelihood of certain behaviors, such as tax evasion. By using predictive analytics, the IRS can more effectively identify potential tax cheats and take appropriate actions to ensure compliance.
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