What is one advantage of starting a business in hard times?
Question 20 options:
You can find equipment and products at bargain prices.
No one will envy you.
You can set your sights low.
You're unlikely to succeed.
You can find equipment and products at bargain prices. No one will envy you. You can set your sights low.
When you start a business and are self-employed, you are your own boss and ultimately control your own destiny. Income. Whether you view starting a business as an economic necessity or a way to make some additional income, you might find it generates a new source of income. Flexible hours.
Which of the following behaviors are generally considered to be professional? Check all of the boxes that apply.
exhibiting respect for people, both personally and professionally
participating in professional organizations and their events
keeping all technical information private
Answer:
exhibiting respect for people, both personally and professionally
Answer:
A exhibiting respect for people, both personally and professionally
B participating in professional organizations and their
Do you think that restaurants that cater primarily to business travelers, rather than vacation travelers, would connect with their clients differently? Explain your answer. Please use complete sentences and paragraphs( 3).
please i need this asap!!!!
how does the business environment influence the process of business enterprise in Nigeria using a schematic diagram with valid example
Explanation:
when it comes to Nigeria think oil
it's a very big oil country
Write 'T' against a true statement and 'F' against a false one.
Sharing or exchanging information, ideas and experiences between persons
means communication.
The process of communication may not always contain a message.
Feedback is one of the elements of the process of communication.
A traffic police showing a stop sign to the public is a process of communication
Answer:
1. T
2. F
3. T
4. T.
This is the answer .
Firm under monopolistic competition operates its plant at sub-optimal capacity. Why?
Answer:
We live in an economy based on scarcity. Things that are rare cost more. The more access can be restr ed, the higher the cost can be and so higher profits. Since our economy wants to maximise profits, and thus scarcity, the best way for companies/ individuals to do that is to get monopolies, or oligopolies, and then restrict access, and increase prices. If you produce as much as possible at cost, making no profits, then there is going to be little scarcity for that product, costs are going to be low.
A firm under monopolistic competition operates its plant at suboptimal capacity to create a sense of limited goods in people's minds.
What is monopolistic competition?
Monopolistic competition is termed as a process in which the companies produce similar products but not exactly the same product that acts as substitute.
A firm under monopolistic competition operates its plant at suboptimal capacity, which means that they do not make the product at its best capacity. That means that if a country can make 100 products, that company will only make 750 of them even after the demand also.
It gives a sense of scarcity among the people and also these products can be sold by this company at a higher price or opt for low substitutes which makes the monopolistic company earn more.
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Can anyone please solve this case?
Answer:
which case are you talking about ?
On January 1, 20X1, partners Art, Bru, and Chou, who share profits and losses in the ratio of 5:3:2, respectively, decide to liquidate their partnership. The partnership trial balance at this date follows:
Debit Credit
Cash $ 18,200
Accounts Receivable 66,500
Inventory 52,500
Machinery and Equipment (net) 189,500
Accounts Payable $ 53,200
Art, Capital 88,500
Bru, Capital 110,500
Chou, Capital 74,500
Total $ 326,700 $ 326,700
The partners plan a program of piecemeal conversion of assets to minimize liquidation losses. All available cash, less an amount retained to provide for future expenses, is to be distributed to the partners at the end of each month. A summary of the liquidation transactions follows:
January 20X1
Collected $51,400 on accounts receivable; the balance is uncollectible.
Received $38,300 for the entire inventory.
Paid $2,100 liquidation expenses.
Paid $51,200 to creditors, after offset of a $2,000 credit memorandum received on January 11, 20X1.
Retained $10,200 cash in the business at the end of the month for potential unrecorded liabilities and anticipated expenses.
February 20X1
Paid $4,100 liquidation expenses.
Retained $6,100 cash in the business at the end of the month for potential unrecorded liabilities and anticipated expenses.
March 20X1
Received $146,400 on sale of all items of machinery and equipment.
Paid $5,100 liquidation expenses.
Retained no cash in the business.
Required:
Prepare a statement of partnership liquidation for the partnership with schedules of safe payments to partners. (Round your answers to nearest whole dollar.)
ABC PARTNERSHIP
Statement of Partnership Realization and Liquidation
For the period from January 1, 20X1, through March 31, 20X1
Capital Balances
Cash Other Assets Accounts Payable Art Bru Chou
Balances before liquidation, January 1, 20X1
January transactions:
Collection of accounts receivable at a loss
Sale of inventory at a loss
Liquidation expenses paid
Share of credit memorandum
Payments to creditors
Safe payments to partners
February transactions:
Liquidation expenses paid
Safe payments to partners
March transactions:
Sale of M&Eq. at a loss
Liquidation expenses paid
Payments to partners
Balances at end of liquidation, March 31, 20X1
ABC PARTNERSHIP
Schedule of Safe Payments to Partners
Art 50% Bru 30% Chou 20%
Schedule 1: January 31, 20X1
Capital balances
Potential Loss on noncash assets
Allocation of potential deficit
Safe payment, January 31, 20X1
Schedule 2: February 27, 20X1
Capital balances
Potential Loss on noncash assets
Allocation of potential deficit
Safe payment, February 27, 20X1
The file manager is a user . is an example of a file manager in Microsoft Windows.
Answer:
Windows Explorer is known as file manager in the MS Windows. Explanation: File Explorer is previously known as the Windows Explorer that is the file manager application which is included with the releases of Microsoft Windows OS(Operating System) from the Windows 95.
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Describe a situation where you used research in order to inform thinking, decisions, and/or actions in relation to a personal issue of interest such as buying a new mobile phone or going to the movies. Provide information about the purpose of your research, the problem, the information you collected, how you collected this information, the role of theory, and the solution to the problem.
Explanation:
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A person research was the described the personal decisions of the related to the used and the purchase of the new things that is called the gravitational research was the finding the problem solution.
What is research?
By using data from earlier studies and events, “research” refers to the process of developing new concepts. Utilizing first-hand, reliable sources that have already been printed on a comparable topic Journals, publications, demographic information, and historical events, for instance, are based on these sources.
According to the researcher, was the thinking to the personal issues such as buying a new mobile phone and go to the movies. There was the research are the related to the issues, information, and solution of the issue. For example, the purchase of the new mobile was the based of the needs and the wants. The proper gather the information and then finally buy the mobile.
Hence, the significance of the research are the aforementioned.
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Assume that your business firm is a price taker and that the company sells widgets at $10 apiece. Your firm is maximizing profits. One of your engineers discovers the presence of a substitute input that enables you to cut your production costs in half. Given that information, answer the following questions:
1. What price will you charge for your widgets following the discovery of the input and its subsequent use in production? Why?
2. Will you decrease output, increase output, or keep output the same? Why?
What is Location? Explain the factors affecting location decision.
Answer:
hope this helps
Explanation:
The main factors that affect location decisions include regional factors, community considerations, and site-related factors. Community factors consist of quality of life, services, attitudes, taxes, environmental regulations, utilities, and development support.
What is the education level of a majority of the Power, Structural, and Technical Systems workers?
associate's degree or vocational school degree
bachelor's degree or apprenticeship bachelor's degree or master's degree master's degree or vocational school degree
Answer:
B - bachelor’s degree or apprenticeship
Explanation:
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What is the difference between SG&A costs and Indirect costs?
SG&A is an initialism used in accounting to refer to Selling, General and Administrative Expenses, which is a major non-production cost presented in an income statement.
Indirect costs are costs that are not directly accountable to a cost object. Indirect costs may be either fixed or variable. Indirect costs include administration, personnel and security costs. These are those costs which are not directly related to production. Some indirect costs may be overhead.
DYI Construction Co. is considering a new inventory system that will cost $750,000. The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $325,000 in year two, $150,000 in year three, and $180,000 in year four. DYI's required rate of return is 8%.
Required:
What is the modified internal rate of return of this project?
what are the 5 basic seating arrangements used for small group meetings
Answer:
Family Style Seating.
Classroom Style Seating.
U-shape / Horse Shoe Style Seating.
Explanation:
reasons for unequal distribution of income in developing countries
Last year, Paula's income was $2,000, and she went to vacation twice. This year, Paula's income increased to $3,000, and she went to vacation five times. Determine the income elasticity using the midpoint formula.
Answer: 2.14285714286
Explanation:
Here is the equation, which we were able to simplify down to the percentage change in quantity divided by the percentage change in income.
((2-5)/(2+5))/((2000-3000)/(2000+3000))= 2.14285714286
The correct answer is ((2-5)/(2+5))/((2000-3000)/(2000+3000))= 2.14285714286
How do you find the midpoint formula?
To find the midpoint of any range, add the two numbers together and divide by 2. In this instance, 0 + 5 = 5, 5 / 2 = 2.5.
What is the formula for midpoint on a number line?The Midpoint Formula works exactly the same way. If you need to find the point that is exactly halfway between two given points, just average the x-values and the y-values.
What is the midpoint formula in geometry?
The midpoint formula in coordinate geometry is defined as the formula to find the center point of a straight line, using the coordinates of its endpoints. The midpoint formula is used to find the halfway which is a point that divides the line into two equal parts.
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____________ occurs through repeated exposures to a TV commercial and produces changes in consumer behavior prior to changes in the consumer's attitude toward the product.
If James' records show $70,000 in revenue, $34,000 in liabilities, $90,000 in assets and $19,000 in equity, which of the figures should be included on his income statement
The figure that should be involved in the income statement is $70,000.
Given that,
The revenue is $70,000.The liabilities are $34,000.The asset is $90,000.The equity is $19,000.We know that in the income statement only revenues & expenses are recorded.
Therefore we can conclude that The figure that should be involved in the income statement is $70,000.
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1. Which item is considered a retail product?
O A. New refrigerator
B. Extended warranty on the refrigerator
O C. Refrigerator repair
O D. Refrigerator delivery
Answer:
refrigerator- repair
Explanation:
Answer:
A. New refrigerator
Explanation:
It is the only actual instance of an item one could buy at a store. The rest are not fiscal items, but instead services for the product.
A car valued at $30,000 has $600 of depreciation to be adjusted as of January 31st. Which entry should be made
The journal entry for recording the adjusted depreciation expense of $600 is given below:
On Jan 31
Depreciation expense Dr $600
To Accumulated depreciation $600
(Being depreciation expense is recorded)
Here the depreciation expense is debited as it increased the expense and credited the accumulated depreciation as it decreased the assets.
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New technologies create new opportunities and new ?
*services
*means of financing purchases
*products
*markets
Answer:
means of financing purchases.
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How are price affected by the availability of amount of credit?
Answer:
because some credits can actually lower the price because sometimes credits can have more money than the price
Explanation:
The Herfindahl-Hirschman index (also shortened to just the Herfindahl index) is a measure of ____. a. market concentration b. income distribution c. technological progressiveness d. price discrimination e. none of the above
Answer: A
Explanation: Its the only that makes sense
The Herfindahl-Hirschman index (also shortened to just the Herfindahl index) is a measure of market concentration . Hence Option A is correct
What is Herfindahl index ?
The Herfindahl index, sometimes referred to as the Herfindahl-Hirschman Index, HHI, or occasionally the HHI-score, is a way to gauge how competitive an industry is by comparing the size of enterprises inside it.
It is an economic concept that is frequently used in competition law, antitrust, and technology management, and it is named after economists Orris C. Herfindahl and Albert O.
Hirschman. Antitrust regulators have continued to employ HHI, mostly to assess and comprehend how mergers may impact their linked markets. HHI is determined by squaring the market share of each rival company in the sector, and then adding the resulting values (sometimes limited to the 50 largest).
Market shares are presented as fractions, decimals, or whole numbers (t firms). The outcome is weighted by market share and is proportional to the average market share. Therefore, it has a range of 0 to 1, from a large number of very small businesses to a single monopolistic producer.
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Outline four uses of a marketing plan
Answer:
The marketing plan usually assists in the growth of the business by stating appropriate marketing strategies, such as plans for increasing the customer base. State and review the marketing mix in terms of the 8Ps of marketing Product, Price, Place, Promotion, People, Process, Physical Evidence, and Performance.
marketing means ads
what kind of ads have made you buy a product?
what did those ads do to convince you?
this can include friends telling you to buy something (word of mouth)
For an economy, operating outside the production possibilities frontier:
For operating outside the production possibilities frontier, the economy should not be possible with the present resources & technology.
The information related to the production possibilities frontier should be considered:
It represents the possible combinations of goods that are manufactured with the available resources.If the combinations are on the PPF so it is feasible & efficient.If the combination is not on the PPF i.e. outside so it can't be feasible.If the combination is inside on the PPF so it is feasible but not efficient.Therefore we can conclude that For operating outside the production possibilities frontier, the economy should not be possible with the present resources & technology.
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The alphabetical listing below includes all of the adjusted account balances of Battle Creek, Inc. as of December 31, 2018. All account balances are normal
Accounts Payable 4,800
Accounts Receivable 9600
Accumulated Depreciation 3400
Common Stock 2900
Cash 4500
Depreciation Expense 1200
Dividends 1300
Equipment 9500
Income Tax Expense 1500
Income Taxes Payable 1500
Rent Expense 1300
Retained Earnings 3800
Salaries and Wages 7000
Service Revenue 18100
Deferred Revenue 1,400
Required:
a. Prepare the closing entries.
b. Prepare the post-closing trial balance as of December 31, 2018.
Hi, the question has missing amounts / account balances relating to the following Accounts Prepaid Insurance, Salaries and Wages Expense and Depreciation Expense. However, both the debits and credit totals must add up to $292 as only debits are missing.
Explained and illustrated below is the approach to take on this question.
A trial balance is a list of balances (debit or credit) extracted from ledger accounts.
Adjusted Trial Balance At December 31
Debits Credit
$000 $000
Cash 58
Accounts Receivable 7
Prepaid Insurance (missing)
Equipment 120
Accumulated Depreciation 8
Accounts Payable 7
Common Stock 116
Retained Earnings 17
Sales Revenue 131
Insurance Expense 9
Salaries and Wages Expense (missing)
Supplies Expense 46
Depreciation Expense (missing)
Salaries and Wages Payable 11
Income Tax Expense
Income Tax Payable 13
Totals 292 292
Which of the following alternatives to specialization would require continually adding new tasks and challenges as part of the job design?
a. Job enlargement
b. Job specialization
c. Job rotation
d. Horizontal job loading
e. Job enrichment
PLSSS HELP!!!
What are the three most common incentives for offering health insurance to employees?
Answer:
"However, companies may find that it’s in their best interest to provide more coverage than is legally required because this benefit can help attract employees. Companies may also find that healthy employees are more productive. Finally, companies receive a tax benefit for providing insurance. Employers may offer these common types of coverage to employees."
It provides the business a tax advantage
It improves employees' health and increases productivity.
It helps attract and retain high-quality employees
Explanation:
This is coming from the article they linked above the question. I don't got access to see if it is actually correct or not. Good luck on everyones unit quiz lol
The most common incentive for offering health insurance to employees is that it provides the business with a tax advantage.
What are the three most common incentives for offering health insurance to employees?The most common incentive for offering health insurance to employees is that it reduces employees' health and increases productivity.The most common incentive for offering health insurance to employees is that it provides business tax advantages.The most common incentive for offering health insurance to employees is that it helps attract and retain high-quality employees.Hence, options A, C, and D are the correct answer.
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