When a restaurant management fails to exercise even the smallest degree of reasonable care when interacting with customers, it may constitute gross negligence. A lawsuit's likelihood can be decreased by providing sensitive and considerate treatment to wounded guests.
What manager means?A manager is a qualified someone who leads an organization and oversees a group of personnel. Managers frequently oversee a certain department within their organization. Although there are many distinct types of managers, most of them are responsible for making decisions and performing performance evaluations. To make sure a department is operating efficiently, a Manager or Supervisor supervises the team members inside that division. Their primary responsibilities include recruiting and onboarding staff, developing and putting into practice corporate strategy, and assigning work to team members.
What are the types of manager?The four more prevalent types of managers are team leaders, first-line managers, middle managers, and top-level managers. These positions vary not simply in terms of their daily duties but also in terms of their larger organizational functions and the kinds of personnel they supervise.
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predefined formulas that perform common business calculations, and that typically involve a period of time such as months or years.OPTIONS: Nper Interest PMT function Present value (Pv) Data table Goal Seek What-if analysis Auditing Watch Window Financial functions Rate Tracer arrow Future value (Fv) Principal Data validation
Financial functions are predefined formulas that perform common business calculations, and that typically involve a period of time.
A business is defined as an employer or enterprising entity engaged in business, commercial, or expert activities.
Business plays an important position in our lives. First, they devise goods and offerings to satisfy our needs and wants. They also recruit families as exertions and provide them with reimbursement, consisting of wages, salaries, and advantages. For this reason, it turns into a supply in their profits, which can be used to preserve their existence.
The maximum common types of business are sole proprietorship, partnership, company, and corporation.
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2. Take a Guess: Amita wants to invest in a fund and choose a few individual stocks and
bonds to invest in. Is she allowed to do this? Or, does she have to choose one or the
other?
Yes, she allowed doing this as it is amita's choice.
What are stocks?All the shares that make up the firm or group's ownership make up its stock. A single common stock represents a minority portion of the company's ownership based on the entire number of issues.
She is capable of doing this as it is her own earnings. Due to the fact that a single balanced portfolio could be made up of a number of different stocks, clients can deposit a little sum of everything into or more organizations and gain access to a wide range of investing alternatives or in other stocks.
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CFP Board is a certification and standard-setting organization that:
1. Establishes and enforces education requirements for CFP® professionals.
2. Establishes and enforces examination requirements for CFP® professionals.
3. Establishes and enforces ethics requirements for CFP® professionals.
All of the given options are correct about Certified Financial Planner Board.
What is CFP?A nonprofit organization called Professional Certification Board of Norms, Inc. (CFP Board) promotes industry standards for personal financial planning in order to benefit the public. To sustain standards of competence and integrity for financial planners who are dedicated to CFP Board and putting their clients' best interests first, we define and enforce the standards for CERTIFIED FINANCIAL PLANNERTM certification.
The CFP Board was established in 1985 as a 501(c)(3) non-profit organization to serve the public interest by promoting the value of services provided by financial planners who have earned the CFP® certification and are professional, knowledgeable, and ethical.
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On September 1, 2017, Valdez Company reacquired 1,000 shares of common stock the company uses the cost method to account for treasury stock. The journal entry to record the reacquisition of the stock should debit
On September 1, 2017, Valdez organization reacquired 1,000 stocks of not-unusual stock the business enterprise makes use of the fee method to account for treasury stock. The magazine entry to document the reacquisition of the inventory should debit Treasury stock for $450,000.
A stock is a fashionable term used to describe the ownership certificate of any organization. A proportion, however, refers to the stock certificate of a specific organization. retaining a specific enterprise's percentage makes you a shareholder. Description stocks are of two sorts commonplace and desired.
A debit is an accounting entry that results in either a boom in property or a decrease in liabilities on an organization's stability sheet. In essential accounting, debits are balanced via credit, which operates in the exact opposite route.
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Why does an increase in sales tax affect different
income groups?
Answer:
Because lower-income households spend a greater share of their income than higher-income households do, the burden of a retail sales tax is regressive when measured as a share of current income: the tax burden as a share of income is highest for low-income households and falls sharply as household income rises.
Increase in sales tax affects lower-income groups, as they are likely to spend a greater percentage of their income on goods and services that are subject to sales taxes.
Sales tax is a type of consumption tax imposed by the government on the purchase of goods and services. It is a form of regressive taxation, which is defined as a tax that takes a larger percentage of income from those who have less money.
Food, clothing, and other necessities are typically subject to sales taxes, meaning that lower-income households will bear the brunt of the tax burden. Higher-income households, on the other hand, are more likely to spend a larger share of their income on items that are not subject to sales taxes, such as investments and luxury items.
In addition, higher-income households are more likely to be able to take advantage of certain tax deductions, such as charitable donations or mortgage interest payments, which can reduce their overall tax burden.
Moreover, lower-income households do not have access to these tax deductions, so they are less able to offset the impact of an increase in sales taxes.
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if an annuity or royalty is not derived in the ordinary course of a trade or business, it is considered passive activity income.
True, if an annuity or royalty is not derived in the ordinary course of a trade or business, it is considered passive income.
Passive IncomeAn investment or past activity that continues to provide revenue without further work is said to have generated passive income.
Income that requires no work to sustain is called passive income. It could come through a stock market investment, a rental property, or a company in which you have no ownership stake.
There is no guarantee that having a passive income will make you extremely wealthy. Therefore, it is unwise to plan on being wealthy right away. However, if a person has reliable, lucrative passive income choices, they can build up their income over time.
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the total deferred tax asset and deferred tax liability amounts at january 1, 2021, were $156.25 million and $25 million, respectively. the enacted tax rate is 25% each year.
The total deferred tax asset and deferred tax liability amounts at january 1, 2021 is $ 39.065 million and 6.25 million respectively.
The increases in the deferred tax assets and deferred tax liabilities accounts as of December 31, 2021, and the determination of current year income tax payable and related journal entries for 2021 income tax recognition.
Income tax payable = taxable income × tax rate
= $156.25 million × 25%
= $ 39.065 million
$25 ×25%
= $6.25
Deferred tax liabilities are calculated by taking the difference between a company's taxable income and its pre-tax retained earnings multiplied by the expected tax rate. There are no hard and fast rules as deferred tax is simply the difference between the gross profit on your income statement and your tax return.
Deferred tax assets are business tax credits against future taxes and deferred tax liabilities represent tax liabilities that must be paid in the future. You can expect to pay part of the tax upfront or pay additional tax later. One of the most common examples of deferred tax liabilities is when a company depreciates assets differently than the income tax department.
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A firm must choose between two investment alternatives, each costing $100,000. The first alternative generates $40,000 a year for four years. The second pays one large lump sum of $161,200 at the end of the fourth year. If the firm can raise the required funds to make the investment at an annual cost of 10 percent, which alternative should be preferred?
The second alternative should be preferred by the firm, as it will be able to generate more profit over the four years. The present value of the first alternative is $136,000 which can be calculated as ($40,000 x 4) and the present value of the second alternative is given as $161,200. The difference in the present value of the two investments is $25,200, which is more than the cost of raising the required funds.
Assuming the firm can raise the required funds at an annual cost of 10%, the net present value (NPV) of the first alternative is $20,800 ($136,000 – $115,200) and the NPV of the second alternative is $45,120 ($161,200 – $115,200). As the NPV of the second alternative is higher, it should be preferred.
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1. Definition of economic costs
Darnell lives in Dallas and operates a small company selling scooters. On average, he receives $714,000 per year from selling scooters. Out of this revenue from sales, he must pay the manufacturer a wholesale cost of $414,000. He also pays several utility companies, as well as his employees wages totaling $267,000. He owns the building that houses his storefront; if he choose to rent it out, he would receive a yearly amount of $3,000 in rent. Assume there is no depreciation in the value of his property over the year. Further, if Darnell does not operate the scooter business, he can work as a nurse and earn a yearly salary of $21,000 with no additional monetary costs, and rent out his storefront at the $3,000 per year rate. There are no other costs faced by Darnell in running this scooter company.
Identify each of Darnell’s costs in the following table as either an implicit cost or an explicit cost of selling scooters.
Implicit Cost
Explicit Cost
The wages that Darnell pays
The salary Darnell could earn if he worked as a nurse
The wholesale cost for the scooters that Darnell pays the manufacturer
The rental income Darnell could receive if he chose to rent out his showroom
Complete the following table by determining Darnell’s accounting and economic profit of his scooter business.
Profit
(Dollars)
Accounting Profit
Economic Profit
Answer:
Explicit Cost
The wages that Darnell pays
The wholesale cost for the scooters that Darnell pays the manufacturer
Implicit Cost
The salary Darnell could earn if he worked as a nurse
The rental income Darnell could receive if he chose to rent out his showroom
Profit
(Dollars)
Accounting Profit: $714,000 - $414,000 - $267,000 = $33,000
Economic Profit: $714,000 - $414,000 - $267,000 - $21,000 - $3,000 = $10,000
Which of the following briefly describes the classic research on obedience led by Stanley Milgram in the 1960s? having the teacher administer shocks of increasing strength to a learner upon every incorrect response asking for $40 when you really only need $10 having some college students act as guards and having some act as prisoners in a make-believe prison having subjects select which line of three most closely resembles the standard line
Asking for $40 when you really only need $10 briefly describes the classic research on obedience led by Stanley Milgram in the 1960s.
Who was Stanley Milgram?Stanley Milgram was an American social psychologist who lived from August 15, 1933, to December 20, 1984. He is most known for his contentious obedience experiments, which he carried out in the 1960s while serving as a professor at Yale. In designing the experiment, Milgram was influenced by the Holocaust's events, particularly the Adolf Eichmann trial. He taught at Yale, Harvard, and the City University of New York Graduate Center for the majority of his career after receiving a PhD in social psychology from Harvard University. He passed away in 1984.
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the direct write-off method multiple choice question. could result in a mismatching of expenses and revenue is a commonly used method for financial reporting purposes is not allowed for income taxes purposes
The direct write-off method could result in a mismatching of expenses and revenue.
Thus, the correct answer is A.
What is the direct write-off method?To better understаnd the аnswer to “whаt is the direct write-off method,” it’s the first importаnt to look аt the concept of “bаd debt”. Bаd debt refers to аny аmount owed by а customer thаt will not be pаid. The direct write-off method of аccounting for bаd debts аllows businesses to reconcile these аmounts in finаnciаl stаtements.
GААP stаtes thаt expenses аnd revenue must be mаtched within the sаme аccounting period. However, the direct write-off method аllows losses to be recorded in different periods from the originаl invoice dаtes. This meаns thаt reported losses could аppeаr on the income stаtement аgаinst unrelаted revenue, which distorts the bаlаnce sheet. It will report more revenue thаn might hаve аctuаlly been generаted.
Your question is incompletely arranged, but most probably your full question was
The direct write-off method multiple-choice question.
a. could result in a mismatching of expenses and revenue
b. is a commonly used method for financial reporting purposes
c. is not allowed for income taxes purposes
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The Health Maintenance Organization Act of 1973 made it harder for HMOs to grow and attract clients and required all employers that offered traditional health care to their employees to sign up for an HMO if they had more than 35 employees.
False
It is false that the Health Maintenance Organization Act of 1973 made it harder for HMOs to grow and attract the clients and required all the employers.
What is Health Maintenance Organization Act?A law was passed in the US on December 29, 1973, known as the Health Maintenance Organization Act. The Health Maintenance Organization Act, also referred to as the federal HMO Act, is a piece of federal legislation that establishes a pilot federal program to support the growth of health maintenance organizations (HMOs). The Public Health Service Act was updated by the federal HMO Act, which Congress passed in 1944. The Nixon administration advisors who were seeking for a means to reduce medical inflation had meetings with Ellwood and the other Interstudy group members that led to the conception of the HMO Act. It did not mandate that employers provide health insurance. The Act established the term "HMO" and increased HMOs' access to the employer-based market. The 1995 expiration of the Dual Choice clause.
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Because the speed of check-processing time is increasing, to avoid overdrafts, an account-holder needs to verify that funds are available to cover a check when it is written.
True
Because the speed of check-processing time is increasing to avoid overdrafts an account holder needs to verify that funds are available to cover a check when it is written as True.
A checking account is said to be not funded or not funded when it does not have the funds necessary to cover a transaction. The NSF acronym also refers to fees charged to customers for presenting checks. Otherwise, such payments cannot be covered by your account balance.
The bank must make the first $225 of the deposit available for cash withdrawal or check issuance by the beginning of the next business day after the bank business day of the deposit. Business Days Check Validation is a system that checks a national database of information about an individual to ensure that the check has been cleared and has not been tampered with.
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amrit and hannah are saving for their daughter keisha's college education. keisha just turned 10 (at t
Annika is aware that her parents may provide $7,500 annually. What will Annika have to pay annually out of her own funds and loans?
What is the pay average?Giving someone money to complete a task or pay off a debt is referred to as paying them. Swapping money for something is referred to as paying.Another term of compensation is salary or pay.. There are many different verbal and noun settings where pay can be utilized.. Paying a payment or a debt entails doing something like paying your restaurant check or your utility payment.
What is a pay example?Example: Sandy receives weekly paychecks for a salary of $120,000 per year. Sandy so receives roughly $2,300 weekly. Whenever you receive a
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when a central bank conducts open-market bond sales in a banking system with limited reserves, the money supply, interest rate, and aggregate demand will change in which of the following ways in the short run?
a central bank conducts open-market bond sales in a banking system with limited reserves, the money supply, interest rate, and aggregate demand will change in purchased government bonds.
The bond market has flourished rapidly over time. There are varieties of bonds in the market and one of the less risky ones is government bonds. Like corporations and individuals, even governments need funds to sort out the public issues in the society or economy. Also known as G-Secs, these bonds raise extra funds from the public in return for interest payments and full capital return on the date of maturity. Investors can buy government bonds offline and online as well.
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if the price is consistently below the average variable cost, then in the short run, a perfectly competitive firm should:
In the near run, a perfectly competitive firm should lower the price to sell more goods if the price is continuously lower than the average variable cost.
An expense for a business called a variable cost varies according to how much is produced or sold. Depending on a company's production or sales volume, variable costs grow or fall; they increase with rising production and decline with falling production.
A manufacturing company's raw material and packaging prices are an example of a variable cost, as are a retail business' credit card transaction fees or shipping charges, which fluctuate with sales. You can compare a variable cost against a fixed cost.
Variable and fixed expenditures make up the majority of any business's overall expenses. The production output or sales determine variable costs. The production's variable cost is a fixed sum for each unit made. Variable costs will rise in tandem with rising output and production volumes.
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assuming a new partner has been approved by the existing partners, the new partner, normally, will experience the same general risks and rights of ownership as do the other existing partners. a new partner is liable for all of the obligations of a partnership that arose before their admission except:
A new partner is recruited to an and it by purchasing a stake from an existing partner, presuming the new partner has received approval from the incumbent partners.
What kind of person counts as a partner inside a union?in a partnership Your spouse or the person you have been dating for a significant amount of time is your partner. working in The persons who jointly own a company or business are known as the partners.
What it means to be a partner?Pärd-: a person connected to another, especially in action: a colleague. our military allies throughout the world; a someone with whom one has a personal relationship; a partner.
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Select the correct answer.
An Asian country exports cocoa products to Austria. In one season, Austria's government requests the Asian country to limit its exports in order to help
Austria's cocoa products industry. What is this strategy called?
A. embargo on imports
B.
C. quota on exports
D. export duty
import duty
7OE.
voluntary export restraint
Subsidies, standardization, tariffs, quotas, and licenses are the most common trade barriers utilized by nations seeking a protectionist policy or as a form of retaliatory trade barriers.
Which nations are the most important exporters of cocoa?
Today, the country is one of the top makers on the planet. Brazil, Cameroon, the Dominican Republic, Ecuador, Mexico, Nigeria, and Peru are all major cocoa producers.
How is cocoa exported?
You must obtain approval from the Nigerian Customs Service before you can export. You will receive a Certificate of Origin following approval, which must accompany your shipment documents. You will also require a Commercial Invoice, a Packing List, and a Bill of Lading in addition to the Certificate of Origin.
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which of the following statements about an administrative agency's implementation of policy is correct?
Only funds allocated by Congress may be used by bureaucrats to carrying out the policy-making functions of administrative agencies.
What kind of people are bureaucrats?In India, bureaucrats are referred to as the officials in charge of overseeing and directing both the managerial and directorial tiers of the private sector as well as the administration and ministerial tiers of the public sector.
What does a bureaucrat do?A bureaucrat's role is to carry out government policy, to put into action the laws and judgments made by elected authorities. Examples of typical bureaucrats include tax collectors, governmental accountants, law enforcement officers, firefighters, and military personnel.
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ptlsy wall mounted pull up bar and dip station multifunctional heavy duty chin up bar for home gym indoor workout
Palsy wall-mounted pull-up bar and dip station multifunctional heavy-duty chin-up bar for home gym indoor workout.
Progressive supranuclear palsy (PSP) is a rare neurological disorder that can cause problems with balance, movement, vision, speech, and swallowing. This is caused by more and more brain cells being damaged over time.
There are five main types of cerebral palsy: spastic, ataxic, athetotic, hypotonic, and mixed. The type of motor impairment people with cerebral palsy experience depends on how much the brain injury affects muscle tone.
Paralysis is the term for paralysis with tremors. Permanent paralysis means that you cannot regain control of your muscles. This condition is irreversible. Paralysis can affect any part of the body.
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pls help
give an example of a way a businessperson could manage risk.
Identification, assessment, and control of financial, legal, strategic, and security threats to the assets and profits of an organization can be regarded as risk management.
How a businessperson manages risk?A businessperson can manage risk in the following ways :
1. Measuring the risk
Entrepreneurs must weigh risks carefully before taking them in order to reduce potential risks. Risk weighting is a specialty for most business owners. If the plan doesn't work, they won't lose much, but if it does, they stand to gain a lot from taking the chance.
2. Seeking new opportunities.
Additionally, entrepreneurs have the chance to identify market flaws and come up with fixes. Although pursuing a new opportunity can be difficult, entrepreneurs have the chance to learn a lot from it if their solution is workable. The ability to move first also encourages them to innovate more. Although savvy business owners are aware of their limitations, they don't let a lack of resources restrict their vision.
3. Insurance is a must
By transferring the risks to insurance companies, insurance protects business owners from lost liabilities, illnesses, and accidents. In the event that a business or scheme fails, they have a chance to lose even less by insuring various raw materials and processes.
4. Cut back on financial risks
The key to risk management is lowering financial risk by keeping an eye on your accounts receivable to minimize unpaid balances and identify negative credit risks early in your company's development.
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Rebecca has started to use a secured credit card. What is Rebecca MOST likely attempting to do?
A. To make a major purchase, such as a house or a car
B. To overcome a bad credit history
C. To have every purchase guaranteed with a five year warranty
D. To easily earn airline miles
Rebecca is most likely attempting to overcome a bad credit history.
Describe credit history.A borrower's responsible debt repayments are documented in their credit history. A credit report is a history of the borrower's credit from many sources, such as banks, credit card firms, collection agencies, and governments. The lender may give the credit bureaus information about account activity as customers utilize a financial product and settle their monthly amounts.
Most lenders view credit histories with less than two years as little more than a respectable beginning. Typically, the following details are included in your credit report. Your credit accounts are listed here. Accounts with banks and credit cards are included in this, as are other forms of credit such as unpaid loans or utility bill payment history. They will demonstrate whether your repayments were made on schedule.
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The Real Estate Settlement Procedures Act (RESPA) is a federal law that requires federally chartered or insured lenders to provide buyers and sellers with expectations of their closing costs prior to the closing date. When a borrower (the buyer) applies for a loan, the lender will provide him/her with which of the following forms that includes details pertaining to specific loan information and an estimate of expenses that the borrower is likely to incur at the closing?
A. Uniform Settlement Statement (HUD-1) form
B. Good-faith estimate
C. Settlement Costs and You booklet
D. Certificate of occupancyAnswer: B. Good-faith estimate
When a borrower (the buyer) submits an application for a loan, the lender will give him or her a good-faith estimate that includes information about the specific loan and an estimation of the costs that the borrower is expected to incur at the closing. As a result, choice (B) is correct.
What does a good faith estimate mean?Prior to 2015, the Real Estate Settlement Procedures Act required that a mortgage lender or broker in the United States present a consumer with a good faith estimate (also known as a GFE).
In order to alleviate consumer misunderstanding, the CFPB replaced the GFE in August 2015 with a loan estimate form that serves a similar purpose but adheres to somewhat different rules. A good faith estimate, also known as a loan estimate, is a template that can be used to evaluate offers or quotes from various brokers or lenders.
Hence, option (B) is accurate.
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Sales returns and allowances increasing by a greater amount than sales revenues can cause confusion when calculating A. an increase in sales revenue and net income. B. an increase in net income. C. a decrease in sales revenue. D. an increase in sales revenue and retained earnings.
Sales returns and allowances increasing by a greater amount than sales revenues can cause confusion when calculating an increase in sales revenue and retained earnings.
Describe sales.An exchange of goods or services for a fixed sum of money is referred to as a sale. To put it another way, a sale is any action that involves giving the buyer possession of a good or service in return for money.
Why is it important to have sales?Sales have a significant influence on a customer's level of brand loyalty and faith. The two key variables influencing a customer's decision to refer your business to a friend or family member or to write a positive online review of your goods or services are trust and loyalty.
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Which of the following events occurring after the date of the report most likely will cause the auditor to make further inquiries about the previously issued financial statements?
The discovery of information regarding a contingency that existed before the financial statements were issued.
The events occurring after the date of the report most likely will cause the auditor to make further inquiries about the previously issued financial statements and new information concerning vast unrecorded transactions from the yr underneath the audit is found.
There are three forms of financial statements, i.e., stability Sheet, profits declaration, and coins flow Statements. these written records facilitate analyzing and comparing an enterprise's economic position and performance.
There are four primary monetary statements. they may be: stability sheets; profits statements; coins glide statements; and statements of shareholders' fairness. balance sheets show what an agency owns and what it owes at a hard and fast point in time.
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if $200 cash is deposited in bank a with a 10 percent reserve requirement, bank a must hold _____ back in a legal reserve account.
if $200 cash is deposited in bank a with a 10 percent reserve requirement, bank a must hold $20 back in a legal reserve account.
Because there are no legal limitations on the use of monies that have been designated as reserves, reserves are rather anachronistic. As a result, money set aside as a reserve can truly be used for anything. Reserve accounting is quite easy to do; all you have to do is credit the reserve account with the same amount that you deducted from the retained earnings account. Simply reverse the item to transfer the balance back to the retained earnings account once the activity that generated the reserve has been finished.
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Find one example of rejected system
What is the main cause of failure of the system?
Define the failure cause with respect to the system acceptability attributes
Answer:
the main cause is you still
Explanation:
If a company or organization is working on building a favorable community relationship with organizations, people, customers, groups, and the public in general, it is working on growing and maintaining a favorable image through ________.
When a company works to develop and maintain a favorable image for stakeholders, it is doing so through public relations.
What is a public relations?It is a professional who is responsible for promoting the goods, services and organizational image through communication with the external public.
Therefore, the focus of a company's public relations is building positive and beneficial relationships for the company with customers, suppliers, investors, the community and any stakeholder in the organization's business.
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When corporate departments such as marketinghuman resources, and information technology implement plans of action that support higherlevel strategies they are following a(n)____strategy : A) executive B) foundational C) comprehensive D) funcional
The correct answer for this question is- Functional Strategy.
What is Functional Strategy?A functional strategy, commonly referred to as a "departmental strategy," addresses each organizational function and how the division or organizational unit assigned to that function will accomplish its strategic goals (a component of the business/competitive strategy). This is often accomplished through enhancing or boosting production and efficiency within the functional unit.
Examples- production strategy, marketing strategy,advertisement strategy,
sales strategy,human resources strategy , inventory strategy, financial strategy, training strategy, etc.
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If country A exports $10 billion worth of goods to country B and imports $8 billion worth of goods from country B, then country A has a(n):
If country A exports $10 billion worth of goods to country B and imports $8 billion worth of goods from country B, then country A has a(n): $2 billion trade surplus with country B.
What is long run market in business?When a country exports more than it imports, it is said that the country has a trade surplus. On the other hand, when a country imports more than it exports, it is said that the country has a trade deficit.
The term "long run" refers to a time frame during which all cost and production elements are movable. A business will eventually look for the production technology that will enable it to produce the necessary level of output for the least amount of money.
The long run is a theoretical concept in economics where all markets are in equilibrium, all prices have fully adjusted, and all quantities are in equilibrium. The short-run, where there are certain restrictions and markets are not completely in equilibrium, contrasts with the long-run.
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