When recording this sale, ApplianceWorld would:
Debit the Cash A/c by $1900
Debit the Credit Card Expenses A/c by $76
Credit Sales A/c by $1976
What is Accounting?
Accounting is a process of recording, classifying and summarizing financial transactions in a significant manner and interpreting results thereof. Accounting is a science as well as an art.
In order to handle an entity's commercial operations properly, regardless of the type of entity or how big or little it is, a proper accounting system is crucial. An accountant needs to be well-versed in the terminology and different kinds of accounts used in accounting.
What is a Account?
The organized presentation of all transactions under a specific head is known as an account. An account displays the condensed records of transactions pertaining to the person or thing in question.
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The push model is also called ________ which means the production process begins with a ________ that is simply an educated guess as to anticipated customer demand.
Push-based manufacturing is often referred to as "Make to Stock" (MTS), in which the business bases its production on anticipated demand rather than actual demand. An MRP program manages all scheduling and ordering activities based on financial, operational, and logistical planning.
What you mean by Make to Stock?Make-to-stock (MTS) is a manufacturing technique where production scheduling and planning are based on anticipated demand for the product.
Orders placed during one manufacturing period are filled using products produced during the following production period.
Push-based manufacturing is often referred to as "Make to Stock" (MTS), in which the business bases its production on anticipated demand rather than actual demand. An MRP program manages all scheduling and ordering activities based on financial, operational, and logistical planning.
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80% of people starting a business use their own personal savings. What is the advantage to this strategy versus using bank loans and credit cards? A. You control how the money is spent B. You will not pay interest on the capital. C. You do not have any risk of losing your money.
An advantage of using personal savings instead of bank loans and credit cards is you will not pay interest on the capital. (option B)
What is personal savings?Personal savings is the wealth that a person has accumulated over a period of time. When a person uses his personal savings to start a business, the person would not have to pay interest on the money used in the business because the funds used belongs to the person.
Banks loans and credit cards are subject to interest payment over the duration of the loan. Interest would increase the cost of starting the business. Funds that are gotten either from bank loans or personal savings can be lost if the business is not successful. Also, three is an opportunity cost associated in using the funds for starting a business. Opportunity cost is the cost of the next best option forgone when one option is chosen over other options.
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boron company has net sales of $60,000; beginning inventory of $7,000; purchases of $35,000 and ending inventory of $5,000. the cost of goods sold is . multiple choice question. $33,000 $30,000 $60,000 $42,000 $37,000 $23,000
The Cost of Goods sold is $37,000 The Right Response is Option E $60,000.
What is net sales?
The total of a company's net sales is its gross sales less any returns, allowances, and discounts.
Given that the beginning inventory is $7000.
Company invests on purchases is $35,000.
The ending inventory is $5,000.
We know that,
Cost of goods sold = Beginning inventory + purchases - Ending inventory
Now substituting the value of Beginning inventor, purchases and Ending inventory in the above equation:
Cost of goods sold = $7000 + 35,000 - $5,000
Cost of goods sold = $42,000 - $5,000
Cost of goods sold = $37,000
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frontier corporation sells units for $50, has unit variable costs of $20, and fixed costs of $300,000. if frontier sells 15,000 units, what is its degree of operating leverage?
Its degree of operating leverage is 3.00.
Define operating leverage.
The degree of operating leverage quantifies how much a company's operating income shifts in reaction to a shift in sales. Analysts can assess the effect of any change in sales on corporate earnings with the help of the DOL ratio. It is a metric for assessing the sensitivity of an organization's operational income to sales.
A percentage change in sales results in a proportional change in operating income, which is calculated by the degree of operating leverage. It is a reference to the financial ratio that calculates how changing sales affect operational income (EBIT).
Contribution margin is ($50 - $20) × 15,000 = $450,000.
Profit is $450,000 - $300,000 = $150,000.
Degree of operating leverage is $450,000/$150,000 = 3.
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pederson company reported the following: manufacturing costs $150,000 units manufactured 5,000 units sold 4,700 units sold for $75 per unit beginning inventory 100 units what is the manufacturing cost for the ending finished goods inventory?
The cost for the ending finished goods inventory is $12000
Finished Goods Ending Stock is the number of goods that are available for purchase but have not yet been distributed. Create a budget for these things before beginning production by figuring out the fundamental costs of supplies, direct labour, and overhead.
Manufacturing cost = $150,000
Units manufactured = 5000
Units sold = 4700
Selling price per unit = $75
Beginning inventory = 100 units
Ending inventory in units = Manufactured units - Units sold + Beginning inventory
= 5000 - 4700 + 100
= 400
Amount of ending finished goods inventory = (Cost of goods manufactured/ No. of units manufactured)*No. of ending inventory in units
= (150000/5000)*400
= $12000
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the purpose of title insurance is to: multiple choice protect an owner from changes in mortgage interest rates. transfer ownership of property. protect an owner from unforeseen property claims. cover the closing costs of a real estate transaction. reduce the chance of a decrease in property value.
A declining property value may make it more challenging or cost you less money to sell your house in the future, costing you money over the long haul.
What causes a growth in property value?In other words, as there is a lack of inventory due to a decline in housing supply, property values rise.
There are fewer sellers than there are buyers when there is a lack of available real estate. Adding to the difficulty, it is difficult to find the building supplies and competent workers needed to construct new homes.
The following are some of the crucial elements that affect the value of your home:
local comparisons.
Location.
Size and useable area of a home.
age and health.
updates and improvements.
local marketplace
economic signaling.
rates of interest.
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key success factors are group of answer choices important characteristics of a company or its product that lead to success in an industry. similar to generic strategies. examples of defensive strategies. the economic characteristics of countries that lead to success.
Key success factor can be defined as Important characteristics of a company or its product that lead to success in an industry. Key success factor have important impact to the company.
Competitive emphasis or key success factors or also known as strategic posture can be defined as the important elements required for a company to compete in its target markets. Competitive emphasis or key success factors articulates what the company must do, and do well, to achieve the goals outlined in its strategic plan. There are several key of success for a company, such as user Involvement, Clear Business Objectives, Agile Process, Project Management Expertise, and many more.
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dontae's employer has offered him the following employment package. salary $ 400,000 health insurance 10,000 dental insurance 1,500 membership to heflin country club 20,000 season tickets to atlanta braves games 5,000 tuition reimbursement for graduate courses 4,000 housing allowance (for a mcmansion in his neighborhood of choice) 40,000 what is dontae's gross income from his employment?
400,000 is is dontae's gross income from his employment for the given question
gross income is the incomes you get without deducting taxes, insurance etc.. net income is the income you get considering every single of the mentioned. In Dontae's case, the gross income is his salary (400,000 which is the answer to your question), and the net income is 400,000 - Health insurance ( 10,000) - dental insurance ( 1,500) - country club membership( 20,000) -season tickets ( 5,000) - graduate courses (4000) - housing (40,000) which gives us 319,500 as net income
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jie consumes 3 units of broccoli and 6 units of rice each week. the price of broccoli is $2 per unit and the price of rice is $4 per unit. jie's marginal utility from the last unit of broccoli consumed is 4 utils while her marginal utility from her consumption of rice is 8 utils. if jie wants to maximize her utility, jie should:
Jie shouldn't vary how much rice or broccoli she eats if she wants to use her resources as effectively as possible.
Jie consumes three heads of broccoli and six bowls of rice each week; she shouldn't alter her consumption of either food to maximize her utility. $2 will buy you a head of broccoli, and $4 will get you a dish of rice. Jie's marginal value from her most recent bowl of rice is 8 utils, whereas her marginal utility from her most recent head of broccoli was 4.
The additional pleasure a customer has from owning one extra unit of an item or service is known as marginal utility. Economists utilize the idea of marginal utility to estimate the quantity of a good that customers will buy.
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You pay $0. 25 per name for list a and get a click rate of 5%. You pay $0. 35 per name for list b and get a click rate of 10%. Which list has the lower cost-per-click?.
As long as the units of measurement are the same, a unit rate can be used to compare two rates.
How is a rate transformed into a unit rate?Using a unit rate to represent a rate: Dividing the rate's numerator and denominator by the denominatorList A and B as there were two clicks.List A pays 0.25 dollars and has a 5% clickthrough rate.
Therefore, a click rate of 1% costs $0.25/5, or $0.05.
The same goes for list B.
10% payment done for a click equals $0.35.
As a result, one click payment is 0.35/10, or 0.035.
We can compare the two rates now that they have both been converted to rates per unit click.
List A is 0.05, while List B is 0.035.
List A unit click rate is higher than list B's
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nformation regarding the defined benefit pension plan of certainty services included the following for 2021 ($ in millions): plan assets, january 1$70 plan assets, december 31 105 retiree benefits paid (end of year) 17 employer contributions to the pension plan (end of year) 42 what was the actual return on plan assets for 2021?
The actual return on plan assets for 2021 will be $10 million
We know that,
Actual return can be found using the formula:
Beginning balance + actual return + contributions − retiree benefits paid = ending balance
($70) + (AR) + ($42) - ($17) = ($105) (in millions)
simplifying the equation,
70 + Ar + 42 - 17 = 105
112 - 17 + AR = 105
95 + AR = 105
AR = 105 - 95
AR = 10
Thus, The actual return on plan assets for 2021 will be $10 million
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question mode multiple choice question on november 1, year 1, abc corp. borrowed $100,000 cash on a 1-year note payable with a 6% annual rate that requires abc to pay all the interest as well as the principal on october 31, year 2. assuming the november 1 transaction was properly recorded, how would the december 31, year 1, year-end adjusting entry affect the accounting equation?
The year-end adjusting entry that will affect accounting equation will be- Liabilities increase and stockholders' equity decreases.
Adjusting entries are modifications to previously written entries in your diary. They specifically check that the data company have recorded corresponds to the appropriate accounting periods. Journal entries keep track of how money flows into, out of, and between various accounts in your company.
Making an adjustment entry ensures that the operations of your company are accurately and timely recorded. Your records will show you paying for expenses before they are spending exceeds or collecting unearned earnings before you can use the money if you don't make adjustment entries.
The complete question is here:
On November 1, 2018, ABC Corp. borrowed $100,000 cash on a 1-year note payable with a 6% annual rate that requires ABC to pay all the interest as well as the principal on October 31, 2019. Assuming the November 1 transaction was properly recorded, how would the December 31, 2018, year-end adjusting entry affect the accounting equation?
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bowzer company has just received $2.8 million from the sale of one of its divisions. the company has 380,000 shares outstanding that sell for $84.27 per share. if the company issues the entire proceeds from the sale as a special dividend, what will the ex-dividend stock price be? ignore taxes.
The ex-dividend stock price if the company issues the entire proceeds from the sale as a special dividend is $76.84. It can be calculated by calculating dividend per share first.
A dividend can be described as the distribution of a company's earnings to its shareholders. Dividend can be determined by the company's board of directors. A dividend is usually be paid per share of stock. Dividend be paid from the company's earning and profit.
Dividend per share = 2,800,000 / 380,000
Dividend per share = $7.37
Ex-dividend price = $84.27 − $7.37
Ex-dividend price = $76.9
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denis and debbie are married and file jointly. they have two children, ages 10 and 12, that qualify for the child tax credit. their 2022 agi for the current year is $142,000. the amount of their child tax credit is $
Your dependent must typically meet the following criteria in order to qualify as a child for the 2021 tax year: married Be your child, whether biological or adopted, stepchild, suitable foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendant of one of these (such as a grandchild, niece, or nephew).
The following types of income do not qualify as earned income for the credit: Parental assistance. revenue in retirement. benefits from social security. Even if you had no income and had not paid any U.S. Social Security taxes, you were still eligible to use the 100% refundable Child Tax Credit. Children under the age of 18 who meet the requirements can now use the credit. However, the dependent child's gross income must be at least $600 to be eligible for benefits under the qualifying relative requirements married. less than $4,400 was spent overall. When must your kid submit their tax return? A child is normally exempt from paying income tax on up to $12,950 of earned income in 2022. The qualified youngster is typically claimed as a dependent on tax returns by the custodial parents. The parent who the child spent the most nights with throughout the course of the year is the custodial parent. These individuals are eligible for the entire Child Tax Credit: married people making less than $150,000. households with a single parent who also serves as the head of the household and make less than $112,500. everyone else who earns less than $75,000.
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the dean of a college faces the following costs: graders, faculty, classroom space, and chalk. of these costs, which are likely to be variable in the long run?
All of these are variable in the long run.
The long run is a period of time during which all production and cost parameters are variable. Firms can adjust all costs in the long run.Firms do not experience fixed costs in the long run. In the long run, all expenditures incurred by a corporation are variable. This is because there are no fixed inputs in the long run, which means that all inputs are variable and hence all input costs are variable in the long run.There are no fixed costs in the long run. Efficient long term costs are maintained when a firm's output combination results in the desired amount of commodities at the lowest possible cost. Variable costs fluctuate in relation to output.Thus this is the meaning of variable in the long run.
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total quality management emphasizes a. a system where strong managers are the only decision makers b. the responsibility of the quality control staff to identify and solve all quality-related problems. c. a process where mostly statisticians get involved d. a commitment to quality that goes beyond internal company issues to suppliers and customers.
Total quality management emphasizes commitment to quality that goes beyond internal company issues to suppliers and customers.
At the most essential degree of management emphasizes , control is a subject that consists of a set of five well known capabilities: planning, organizing, staffing, leading and controlling. those 5 functions are a part of a body of practices and theories on how to be a a hit manager.
Control is the coordination and management of duties to attain a aim. Such administration sports include setting the corporation's approach and coordinating the efforts of personnel to perform these targets via the software of to be had assets.
Administrative management specializes in handling the full employer. Behavioral management attitude. Emphasizes man or woman attitudes and behaviors
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Answer:
A,B,D,E,F
Explanation:
i did the assignment :) srry if wrong
28 companies in the u. S. And canada began a six-month pilot program this week testing what type of approach to work?.
28 businesses in the US and Canada are experimenting with the four-day work week. In collaboration with Four-Day Week Global, it will be a part of a six-month experimental initiative. The same study is currently halfway through with 70 companies in the UK. It is a collaborative non-profit project.
Explain about the non profit partnership?
A nonprofit organization and a corporate sponsor or partner work together to achieve a similar goal on the basis of their shared principles in a nonprofit-corporate partnership, sometimes known as a corporate-charity collaboration if the nonprofit is a charity.
Collaboration between nonprofits enables various organizations to work together and advance local communities and the global community even further. The purpose of your NPO can be furthered in many ways by partnering with another nonprofit organisation, whether locally or globally.
Shared knowledge and expertise: Partnerships give businesses the chance to learn from one another and exchange best practices. Greater impact: When NGOs collaborate, they can do more than they could on their own.
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g a stock has never before paid a dividend but is expected to make its first dividend payment in 5 years. if the first dividend payment is expected to be $3 and dividends are expected to grow at 6%, what is the stock expected to be worth four years from now if investors require a 12% return?
The price of the shares typically rises once a stock dividend is declared. A stock dividend lowers the book value per common share, which lowers the stock price because it increases the number of shares outstanding while the company's worth remains steady.
Stocks typically have an ex-dividend date set one business day prior to the record date. You won't get the following dividend payment if you buy a stock on or after the ex-dividend date. Instead, the payout goes to the seller. You receive the dividend if you buy before the ex-dividend date. Dividends per share are computed by dividing the total dividends paid by a company over a period of time (including interim dividends) by the number of shares of that company. In math, the dividend is calculated using the following formula: Dividend = Divisor x Quotient + Remainder. Typically, when we divide one integer by another, the result is expressed as x/y = z. In this case, the dividend is x, the divisor is y, and the quotient is z. Stocks with double-digit dividend growth rates are what we are searching for. 5-Year Dividend Growth Rate CAGR is at least 10%. We are seeking for equities with double-digit dividend growth rates, with a 10-year dividend growth rate CAGR of at least 10%.
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if consumers perceive less value relative to competing products, a company should attempt to change customer perceptions to justify a higher price. true false
True, a business should try to change customers' perceptions of value to justify a higher price if they perceive it to be less than that of competing products.
How does price influence how customers perceive you?Price raises both perceived quality and perceived sacrifice (the willingness to pay more), and the trade-off between perceived quality and perceived sacrifice influences perceived value, according to these models. Customers believe that the product is of high quality when its price is high.
Why is it important to take into account how consumers perceive prices?According to research, consumers' decision-making process is influenced by their perceptions of a product's highest and lowest prices. That is, they are influenced by all of the prices they see, not just the anchor price of a particular product.
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if the process is in control but not capable, what would you do? a redesign the process so that it can achieve the desired output. b use an alternative process that can achieve the desired output c retain the current process but attempt to eliminate unacceptable output using 100% inspection d see whether specs could be relaxed without adversely affecting customer satisfaction. e all of the above
If the process is in control but not capable, I would redesign the process so that it can achieve the desired output.
The answer is option A.
After strategies are set and plans are made, management’s primary project is to take steps to make certain that those plans are finished, or, if conditions warrant, that the plans are changed. this is the essential management feature of control.
And in view that management includes directing the sports of others, a chief part of the control function is ensuring other humans do what has to be completed.
The management literature is full of recommendations on the way to acquire better manipulation.
This advice normally includes an outline of a few sorts of dimensions and feedback processes.
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In the ________ activity of scm, supply chain managers develop processes for managing their goods and services inventory, including receiving and verifying shipments, transferring the shipped materials to manufacturing facilities, and authorizing supplier payments.
In the source activity of SCM, supply chain managers develop processes for managing their goods and services inventory, including receiving and verifying shipments, transferring the shipped materials to manufacturing facilities, and authorizing supplier payments.
Planning, acquiring raw materials, production, delivery, and returns are the five main components of supply chain management. While the other four components focus on the essential conditions for carrying out that plan, the planning phase includes creating an overall supply chain strategy. Securing products and services from suppliers who will do so in the most cost-effective and efficient manner is known as sourcing. To ensure that the company delivers high-quality items to the customer, suppliers must adhere to a set of requirements.
The three key flows in supply chain management are the flow of goods, the flow of data, and the flow of money. Product flow refers to the transfer of items from a supplier to a client. Customer service requirements and refunds are also included in this supply chain management cycle.
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a property management contract is between the property manager and: select one: a. his or her employees b. the property owner c. the tenants d. the broker
A property management contract exists between the property manager and the property owner.
What is property management?The operation, control, maintenance, and oversight of real estate and physical property is known as property management. Residential, commercial, and land real estate are all examples of this. A third-party contractor oversees the daily operations of residential, commercial, or industrial real estate. Property managers are generally in charge of day-to-day repairs as well as ongoing maintenance, security, and upkeep of properties. Property managers are responsible for setting and collecting rent, handling maintenance requests, filling vacant units, and potentially setting the property's budget. Property managers frequently look after properties that real estate investors do not live near or do not want to manage themselves.To learn more about property management, refer to:
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question content area at the end of the fiscal year, the usual adjusting entry to account for the expired portion of prepaid insurance was omitted. which of the following statements is true? a.total assets at the end of the year will be understated. b.owner's equity at the end of the year will be understated. c.insurance expense will be overstated. d.net income for the year will be overstated.
The true statement is the net income for the year will be overstated.
Net income is a crucial indicator of a company's long-term profitability. The earnings before taxes, which are obtained by taking the total revenue and subtraction the company expenses, are used to compute net income. A company will have an inflated net income if its assets are overstated or its obligations are understated, which translates to retained earnings on the balance sheet and raises shareholders' equity.
The amount collected after taxes are subtracted represents the company's net income. Insurance premiums paid in advance are regarded as business expenses. As a result, the company's net income would be overstated if the payment of the pre-paid insurance wasn't reported.
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Which policy sought to further american interests in latin america by using the financial power of american business?.
Dollar diplomacy was the policy sought to further American interests in Latin America by using the financial power of American business.
What is Dollar diplomacy?Dollar diplomacy refers to American foreign policy to minimize threats of military force. The term Dollar diplomacy was introduced by William Howard Taft and his secretary Philander C. Knox in 1912, In order to ensure financial stability of Latin American and Eat Asian countries. Dollar diplomacy refers to the process in which a county's financial power is used to extend international influence.
Dollar diplomacy played an important role in widening the economic markets of America and also established Unites states as a predominant power. Dollar diplomacy helped to boost the struggling economies of Latin American and East Asian countries while expanding the US. The countries like China, Mexico, Dominican Republic and Russia. In spite of the success dollar diplomacy failed to prevent economic instability and revolutions in Mexico, China and Dominican Republic.
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political action committees question 11 options: are not covered by federal election laws. are committees created under federal or state law for the purpose of collecting political donations. coordinate all expenditures directly with the candidate. collect funds from the candidate and transfer them to the political party. are limited in how much they spend.
The independent regulatory body tasked with overseeing and upholding the federal campaign finance legislation is the Federal Election Commission (FEC). The financing of American political campaigns falls within the purview of the FEC.
The Federal Election Commission limits and regulates public funding for presidential elections, as well as upholds federal campaign finance regulations, which include monitoring donation bans.
Networked PACs Corporations and labor unions are not allowed to directly contribute to or spend money on federal elections under the Federal Election Campaign Act. These organizations may, however, support a "linked PAC," sometimes known as a "separate segregated fund" (SSF).
A political action committee (PAC) in the US is a 527 organization that collects member campaign contributions and distributes those monies to campaigns for or against candidates, legislation, or ballot initiatives.
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Which policy is a way the SEC protects investors?
O helping investors diversify their portfolios
O guaranteeing the value of certain stocks
O insuring the amounts of people's investments
O requiring companies to disclose financial information
Helping investors diversify their portfolios is the policy is a way the SEC protects investors. Hence, option A is correct.
What is SEC protects investors?The Securities Act of 1933, also referred to as the "truth in securities" law, has two main purposes: it requires investors to get financial and other important information about securities that are being offered for public sale; and When selling stocks, refrain from lying, making false assertions, and other types of fraud.
One of the three foundations of the United States is investor protection. the direction of the Securities and Exchange Commission. Maintain a fair, efficient, and structured market. support the creation of capital.
Thus, option A is correct.
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question innovations in shipping and the growth of commercial networks were most directly related to which of the following other developments of the first half of the nineteenth century? responses a decrease in the availability of jobs for recent immigrants a decrease in the availability of jobs for recent immigrants an increase in the number of americans moving west of the appalachian mountains an increase in the number of americans moving west of the appalachian mountains the spread of industrialization to most cities in the south the spread of industrialization to most cities in the south an increase in the production in the home of goods used by families
The other development of first half of nineteenth century is -- An increase in the number of Americans moving west of the Appalachian Mountains
What's a commercial network?
Commercial networks are large networks, and the large difference between home networks and large commercial networks is the size. Commercial networks make use of analogous protocols, networking topology, and services as their lower relatives, home networks do.
Spread of industrialization :The Spread of Industrial Revolution first began in Great Britain in the 18th century with the invention of the brume machine, an invention which would soon change the world. Industrial spread fleetly to other countries which handed them with new technologies constructed by artificial period formulators.
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at the seldon inn, cash is deposited daily, employees use a voucher system, and cash-handling duties are segregated. these practices and policies are most likely in place to achieve:
To ensure that the most cost-efficient and efficient cash flow strategies are used to finance federal programs, cash management regulations and procedures are in place.
What is a cash management policy?The management of a company's operations, business activities, financial investments, and financing activities all fall under the umbrella of cash management.To survive, a business needs to produce enough cash flow from its operations so that it can pay its bills, recoup its investors' money, and grow. Collecting current assets in cash is a business owner's top priority when it comes to cash management.This is so that present liabilities can be paid off using the funds in question.Planning for your long-term financial needs is crucial. The following are some top tips for controlling cash flow:Observe your cash flow very carefully.Regularly make estimates....Recognize problems early.comprehend fundamental accounting...Have a backup plan in case of emergency.Grow cautiously.invoice right away.Make efficient use of technology.To learn more about cash management policy refer
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the workers in herzberg's studies found which three factors of the job environment were not motivators for them? sense of achievement job security friendly supervisors pay earned recognition
Success, recognition and responsibility are motivational factors. Salary and safety belong to the Hygiene factors category. Both motivational and hygiene factors are part of Herzberg's two-factor theory.
The hygiene factor refers to the features associated with occupational accidents. People will not be satisfied or dissatisfied after the problems have been properly resolved. Then you need to focus on the factors that lead to success, satisfaction, such as achievement, recognition and responsibility, if you want to inspire your team. "Hygienic factors" are what Herzberg believed to be the main causes of unhappiness. Get rid of them Determinants of satisfaction Factors influencing dissatisfaction with results Recognition of the project itself Responsibility Progress Growth Company practices Supervision Relationship with supervisor and peers Situation at work Achievements Salary status Security Herzberg argues that the elements that contribute to job happiness are "distinct and distinct from those , which contribute to job dissatisfaction.” So while trying to eliminate unsatisfactory working conditions may bring peace of mind, performance may not necessarily improve.
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any place where, or any mechanism by which, buyers and sellers interact to trade goods, services, or resources is a(n) . (enter one word in the blank)
In order to facilitate the exchange or transaction of goods and services, a market is a location where buyers and sellers can meet.
An organization or mechanism that brings together buyers and sellers is a market. Efficiency and the capacity to produce more goods and services are aided by capital goods and technology.
What is the process by which buyers and sellers freely exchange goods and services?
Bartering is the non-monetary exchange of goods and services between two or more parties. It is the oldest method of trade. Based on comparable price estimates and goods, individuals and businesses trade goods and services.
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