On july 1, year 1, a company paid $48,000 for 24 months of advance rent on its warehouse. assuming the company has a december year end, what would be the amount of rent expense in year 1 under cash basis versus accrual accounting?

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Answer 1

Cash, cash equivalents, receivables, inventories, and prepaid goods are all examples of current assets.

What does "company" actually mean?

A group of individuals can form a legal entity called a corporation to carry out and control a business activity, whether it be industrial or industrial. A company may be founded up in a number of manners for tax and financial accountability reasons depending on the corporate law of its jurisdiction.

What makes the company call?

A company is referred to be a firm since its staff members want to add value. The word "generate," which meaning to lead forth bring forth, has a Latin origin. The term "company" initially emerged in Old French, which is a synonym for "compaignie" or "companionship." The term "business" also has Old English origins, which combine busy and -ness.

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what is the correct definition of capacity for potential cosigners? Capacity: credit capacity refers to how much credit you are able to handle. In deciding whether you qualify for a particular loan, your income is considered along with any other expenses and debts you may have.

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In determining whether you apply for such a particular loan, every income is taken into account together with any other bills and debts one may have. This is the proper definition of capacity among potential cosigners.

Define the term credit capacity?

Credit capacity is, by definition, the amount of credit someone are able to manage. Your income is taken into account, together with any other costs and debts you might have, while determining your eligibility for a certain loan.

If you're thinking about taking out a loan to purchase a major purchase, like purchasing a new car or a house, for instance, you should be aware of this information.By evaluating the lender's debt-to-income (DTI) ratio and comparing income to recurrent debts, capacity calculates the borrower's capacity to repay a loan. DTI is determined by multiplying the lender's gross monthly income by the sum of all monthly debt payments.

Thus,

In determining whether you apply for such a particular loan, every income is taken into account together with any other bills and debts one may have. This is the proper definition of capacity among potential cosigners.

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_ goods are not part of GDP because they are used up in production.

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Since they are consumed during production, intermediate items are not included in GDP.so, the correct amswrer will be intermediate.

The phrase "intermediary goods" describes things that businesses use to create other goods or services. Produced goods are another name for these products.In other words, the production of final or consumer commodities uses intermediate items. Additionally, they serve as ingredients in the final products and serve as inputs in the production of other items.A corporation may produce intermediate items to be used in the manufacturing of finished goods, or it may sell them to another company involved in the manufacture of finished goodsThe best way to categorize products as intermediate

Any commodity can be categorized as a final good or an intermediate good depending on how it is used.An example will help you better comprehend this.Bread is made with salt, and salt is also consumed directly. Here, salt serves as an illustration of how a good can transform into both an intermediate and a final good.While salt used for direct consumption is categorised as a final product in this instance, salt utilized in the manufacturing of bread serves as an intermediate good.

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A record summarizing all the information pertaining to a single item in the accounting equation. is definition of?

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An account is defined as a document that contains a summary of all the data relating to a particular component of the accounting equation.

The accounting equation is the fundamental equation of accounting that states that assets = liabilities + owner's equity.

An account is a way to organize and keep track of the transactions that affect a specific item in the accounting equation, such as cash, accounts receivable, accounts payable, or owner's equity.

Each account has its own name and account number and is used to record all transactions that affect that specific item in the accounting equation, such as debits and credits.

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What is positive equity on a house?

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You have positive equity if the value of your home exceeds the remaining balance of your mortgage. For instance, if you put down $80,000 as a 20 percent down payment on a $400,000 home, you'll have $80,000 equity in your house right now.

What Is Equity in a Home?

Simply put, home equity is the amount that is due on the unpaid balance of all liens and the fair market value of your home. Your home's equity, sometimes referred to as a real property value, rises when you pay down the mortgage balance or when the value of your property does.

Methods to Build Home Equity are Increase your down payment, Make bigger and/or additional mortgage payments, etc.

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butler corporation is considering the purchase of new equipment costing $30,000. the projected annual income from the equipment is $1,200, after deducting $10,000 for depreciation. the revenue is to be received at the end of each year. the machine has a useful life of 3 years and no salvage value. butler requires a 12% return on its investments. the present value of an annuity of $1 for different periods follows: periods 12% 1 0.8929 2 1.6901 3 2.4018 4 3.0373 what is the net present value of the machine (rounded to the nearest whole dollar)? group of answer choices $24,018. $(3,100). $30,000. $26,900. $(29,520).

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The net present value of the machine is $26,900. To calculate this, we need to calculate the present value of the revenue generated by the machine.

The revenue generated is $1,200 per year for three years. The present value of an annuity of $1 for three years at 12% is 2.4018. This means that the present value of the revenue generated by the machine is 2.4018 x 1,200 = $2,881.60. We can then subtract the cost of the machine, which is $30,000, to get the net present value of the machine: $30,000 - $2,881.60 = $26,899.60 (rounded to the nearest whole dollar). The net present value of the machine is thus $26,900.

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These users are not directly involved in managing and operating the business. The area of accounting that provides external users with information is called financial accounting.

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The external users are not directly involved in managing and operating the business.

What is the main role of financial accounting?

The process of documenting, compiling, and reporting the numerous transactions occurring from business operations throughout time is known as financial accounting. Financial accounting is the process of documenting, compiling, and presenting transactions as well as generating revenue and expense during a given time frame. For instance, before expressing interest in becoming sponsors or investors, they must confirm an account statement.

Making a company's financial accounts reflect a specific time period is the goal of financial accounting. Statements of cash flow, income statements, and balance sheets are the three types of financial statements that are most frequently used. Financial accountants set up organizations' books and records and create financial reports for corporations, small businesses, and nonprofits.

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The complete question is:

These users are not directly involved in managing and operating the business. The area of accounting that provides external users with information is called financial accounting. Who are these users?

When the restrictions imposed by the government are reduced it is known as?

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Liberalization entails the elimination of any pointless government-imposed limits and limitations, such as quotas, licences, and permits.

Economic liberalization refers to those government policies that encourage economic growth by expanding market use, opening up trade to global markets, and reducing business-related rules and limitations. Liberalizing the economy is not always without its consequences.

Once trade restrictions are eliminated, domestic businesses may find it challenging to compete with foreign ones. Increasing foreign investment, improving industrial production competitiveness, and advancing technology are the goals of liberalisation. to modernise society and alter the economy's financial situation. Local firms can flourish freely and earn more money as a result of liberalisation.

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which of the following defines an organization? multiple choice question. two or more people who share interests, hobbies, or collective goals a large number of people gathered together a group of people who work together to achieve some specific purpose a group formed by people who are

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A group of people who work together to achieve some specific purpose defines an organization. option B.

An organization is a collective of people who come together to achieve a shared goal.

By working together, members of the organization can use their different skills and experiences to bring about a result that is greater than the sum of its parts.

Whether it is a small business, a large corporation, or a nonprofit, each organization relies on the contributions of its members to succeed.

By collaborating and leveraging each other's strengths, organizations are able to reach goals that would be otherwise impossible.

Whether it's a large corporation, a small business, or a nonprofit, organizations are essential in driving progress and innovation in our world.

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Which statement is true regarding Artificial Intelligence (AI)?AI can exist without humans supporting it.
AI will eventually eliminate most human jobs.
Data is the fundamental reason AI succeeds or fails.
Strong AI and Weak AI are equally well developed at this time.

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The true statement is that Data is the fundamental reason AI succeeds or fails.

What is Artificial Intelligence (AI)?

Artificial Intelligence (AI) refers to the development of computer systems that can perform tasks that typically require human intelligence, such as visual perception, speech recognition, decision-making, and language translation. AI systems are designed to learn and improve over time by processing large amounts of data and identifying patterns and relationships.

There are different types of AI, including:

Rule-based AI: These systems follow a set of pre-defined rules to make decisions and take actions based on specific inputs.

Machine learning: These systems can learn from data inputs and improve their performance over time by identifying patterns and relationships in the data.

Deep learning: A subset of machine learning that involves the use of neural networks to analyze large amounts of data and identify patterns.

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2. consider your current photography situation. think about your budget and your needs in terms of your photography habits. based on this, identify and analyze what photo workflow program might be best suited for you. explain.

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GIMP is the workflow application that best fits my needs. I believe this because I have no spending money and because the software is a little simpler to understand for a beginner.

An entire method for working with digital photos, from capture to distribution, is known as a digital photography workflow. It is made up of a set of connected actions created by photographers to standardise and streamline their job. Light, subject, and composition are the three factors in photography that are most important.

Free and open-source raster graphics editor GIMP is used for a variety of specialized tasks, including image editing, trans-coding between multiple image file formats, and free-form drawing.

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chapter 1 - an introduction to marketing1. what does the term marketing refer to? a. new product concepts and improvements b. selling c. advertising and promotional activities d. understanding and focusing on customer needsanswer: d

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d. understanding and focusing on customer needs.  Marketing is the process of understanding, anticipating and satisfying customer needs profitably.

What is customer?

Customer is a person or an organization that purchases goods and services from another person or organization. Customers play a very important role in the economic system because they are the driving force behind businesses. Without customers, businesses would not have the revenue necessary to continue operating. Customers are essential to the success of a business, and they should be treated as such.

It involves the identification of customer needs, developing and delivering products and services to meet those needs, and communicating the benefits of the products and services to potential customers.

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suppose that homemakers are included as employed in the labor force statistics, rather than being counted as out of the labor force. this would a. increase the measured unemployment rate. b. decrease the number of persons in the labor force. c. decrease the number of persons in the working-age population. d. increase the measured labor force participation rate.

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When the homemakers are included as employed in the labor force statistics, rather being counted as out of the labor force, it would increase the participation rate for the measured labor force. Therefore, the option D holds true.

The labor force is the representation of the number of eligible and qualified people who are currently under employment. The qualified and eligible people who are not a part of the labor force are a forming part of the unemployed work force within that particular economy. When homemakers are included in the labor force, the labor force increases.

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Where does interest paid to the Fed go?

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Interest paid to the Fed goes to the banks on deposits.

What is Interest ?In finance and economics, interest is the payment by the borrower or deposit-taking financial institution to the lender or depositor of an amount in excess of the repayment of the principal  at a specified rate. It is different from a fee that a borrower can pay to a lender or a third party.Interest is the price you pay for borrowing money or the cost you charge for lending money. Interest is usually given as an annual percentage of the loan amount.This percentage is called the interest rate on the loan. Interest is the money you borrow when you borrow or receive when you lend. Consumers can earn interest by lending money (such as bonds or certificates of deposit) or by depositing money in interest-bearing bank accounts.

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o-my-u once had a winning team in every college sport. but athletes graduate and fortunes change. attendance at the games dropped when the team had a losing season. bob and shirley found it difficult to attract enough guests to their bed-and-breakfast to cover their costs. how would michael porter explain this?

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Michael Porter explains this by that the most successful businesses are those that can sustain a competitive advantage over their competitors.

Once upon a time, o-my-u had a winning team in every college sport. The school's sporting events were filled with passionate supporters, cheering on their teams to victory.

But as athletes graduated and fortunes changed, the team's luck began to turn. Attendance at the games gradually dropped, as losses piled up.

Bob and Shirley found it difficult to attract enough guests to their bed-and-breakfast to cover their costs, as the team's fortunes declined.

This is a perfect example of Michael Porter's competitive advantage theory, which states that businesses must continuously strive to find and maintain a competitive advantage in order to succeed.

Without the competitive advantage of a winning team, Bob and Shirley found it hard to draw in the number of guests needed to stay afloat.

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Businesses provide help to the communities they are in by providing _____, service, and jobs.

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Businesses provide help to the communities they are in by providing goods, service, and jobs.

A business is a place where people come together to work. People work in a business to produce and market goods and services. The goods and services are purchased by other people. The individual who recruits employees is the business owner. A company can make money from the goods and services it provides. The word "business" derives from the verb "to be busy," which refers to action. It consistently functions.

Hence correct option to the given question is goods .

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What are the 3 benefits of automation?

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Improved accuracy, dependability, productivity, and staff morale are all advantages of automation.

Workers who are skilled in using machines are more productive than those who are not, which decreases the costs and prices of goods and services while increasing consumers' perceptions of wealth. As a result, consumers spend more money, which leads to an increase in employment. Automating increases both output and profit. Additionally, automation aids in reducing errors, which can considerably reduce overall expenses. Because you'll have faith in the accuracy of your information, you won't have to worry about incurring fines and penalties for failing to file your costs. Automation in the workplace can help your company save money by reducing costly errors and streamlining your processes so that personnel can complete them more quickly. Additionally, you might be able to save money because administrative work is repetitive and time-consuming.

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The elements of a business environment can be mentioned as follows: Political. Economic. Social.

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TRUE: The following are some examples of business environment elements:

Political.Economic. Social.Explain the term business environment?

The elements that influence a firm collectively form the business environment.

These include include internal and external elements, such as markets and customers, as well as internal factors like staff and resources. Each of these influences the working atmosphere at a company and the way the enterprise runs.

Economic:

Economic surroundings are how a firm could be impacted by the local and global economy.

Sociocultural:

The sociocultural environment of a corporation includes details about the people who make up a given market, such as demographics as well as societal roles.

Technological:

A technological business climate takes into account the creation of new technologies, how people use it, and the effects it has on the environment.

Suppliers:

The factors in your suppliers' environments may have an impact on how well they operate, which may subsequently have an effect on your business.

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The correct question is:

The elements of a business environment can be mentioned as follows: Political. Economic. Social.

TRUE/FAlSE

a company believes that travel agent a is more reliable than travel agent b. that belief is expressed on a scale from 1 to 5. identify the type of data.
a. nominal
b. ordinal
c. ratio
d. interval

Answers

It’s B :)!!!!
It’s ordinal

How does technology benefit workers businesses and consumers?

Answers

Particularly for enterprises, the use of technology in the workplace has fundamentally changed operational procedures as well as customer attitudes and expectations.

What is in a workplace?

A workplace or place of employment is a location where people perform tasks, jobs and projects for their employer. Types of workplaces vary across industries and can be inside a building or outdoors. Workplaces can be mobile, and some people may work in different locations on various days.A workplace is a location where someone works, for their employer or themselves, a place of employment. Such a place can range from a home office to a large office building or factory.

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How do you identify an inverse of a one-to-one function elaborate your answer?

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The range of F changes into the domain of the inverse of F, and the opposite is true for the other. Every element in a one-to-one function relates to one and only one element in the domain.

Inverse of a one-to-one function is a function that reverses the inputs and outputs of the original function. The inverse of a one-to-one function is also a one-to-one function. This means that each output of the inverse function corresponds to exactly one input of the original function and vice versa.

In other words, the inverse of a one-to-one function is a function that undoes the original function. For example, if the original function is f(x) = 2x + 1, then the inverse of this function is f-1(x) = (x - 1)/2. This means that if the input of the original function is x, then the output is inverse.

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What personal documents do you need to open a bank account?

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The specific personal documents required to open a bank account can vary depending on the bank and the laws and regulations of the country. However, in general, most banks will require the following documents to open a bank account:

1)Valid government-issued identification: This can include a national ID card, passport, or other form of identification that has been issued by a government agency.

2)Proof of address: This can include a utility bill, lease or rental agreement, or any other official document that shows your name and current address.

3)Income verification: Some banks may require proof of income, such as a pay stub or letter from your employer, to confirm that you have the means to maintain the account.

4)Initial deposit: Some banks may require an initial deposit to open an account.

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Most file managers include a way to create a folder through the Save dialogue box.yes or no

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Yes, Most file managers offer a Save dialogue box that allows you to create a folder. Ink-jet printers spray the ink onto paper using pressured nozzles.

Where is the Save As dialogue box?

The Save As dialogue box allows the user to specify the disc, directory, and file name to be saved. By initializing an OPENFILENAME structure and providing it to the GetSaveFileName method, you may generate and show a Save As dialogue box.

Click Save As on the File menu to launch the Save As dialogue box. You can save a copy of the current project as a template or as a new project with a different name and location. The Save As dialogue box is typical of Windows.

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which tools do companies use to acquire a human-resources pool capable of implementing a strategy? (select all that apply.)

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The tools used to acquire a human resources pool are recruitment, training, development and selection

Recruitment, training, development, and selection are the methods used to build a human resource pool that can carry out a strategy. Finding and enticing potential candidates for available positions inside an organisation is known as recruitment. Teaching new or existing employees the skills they need to do their jobs well is known as training.

Development is the practice of giving employees the chance to develop and rise within the company through initiatives like mentoring or skill-building initiatives. Selection is the process of determining which applicants are the best qualified for open positions based on criteria including their abilities, education, and experience.

Complete Question:

Which tools do companies use to acquire a human resources pool capable of implementing a strategy?

-recruitment

-training

-termination

-development

-selection

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What are the two biggest reasons people shop online?

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People shop online for a variety of reasons, including convenience, access to a wider selection of products, better prices, and the ability to shop from the comfort of their own home.

What do you mean by Shopping?

Shopping is the act of purchasing goods or services from a store or online. It typically involves making a selection from a range of available items, paying for the chosen items and taking them away with you or having them delivered to you.

The two biggest reasons people shop online are:

1. Convenience: Shopping online is convenient and fast, as customers can browse and purchase items at any time of the day or night, from anywhere with an internet connection.

2. Variety – Online shopping provides customers with a greater variety of options to choose from than what is available in a traditional brick and mortar store. With the ability to search for items from a variety of stores, customers can find exactly what they’re looking for with ease.

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Abbey allocates 80% of her portfolio for investments in short-term US Treasury bills.

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To pay back the money they got from the government after the 2008 financial crisis, US banks issue new stocks and bonds to raise extra capital.

According to domestic assets, the top five banks in the United States are Chase, Bank of America, Wells Fargo Bank, Citibank, and U.S. Bank. The "big four banks" in the US are Citibank, Bank of America, Wells Fargo, and JPMorgan Chase. Yes, a foreigner can open a bank account in the United States; all it needs is some more documentation. A passport, resident alien number from a green card, or a foreign official ID will be useful. An ITIN is necessary if you don't have a Social Security number. For your account to be opened, you must reside in the United States. You must include both a foreign and American address.

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riggs company has current assets of $10,406, long-term debt of $4,780, and current liabilities of $9,822 at the beginning of the year. at year end, current assets are $11,318, long-term debt is $5,010, and current liabilities are $9,741. the firm paid $277 in interest and $320 in dividends during the year. what is the cash flow to creditors for the year?

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The cash flow to creditors for the year is $47

The net balance of money coming into and going out of a firm at a certain period is referred to as cash flow. A firm continuously receives and expends cash. For instance, when a merchant buys merchandise, money leaves the company and goes to its suppliers.

Interest expense = $277

Long term debt at beginning = $4,780

Long term debt at end = $5,010

Net new debt issued :-

= Long term debt at end - long term debt at beginning

= $5,010 - $4,780

= $230

Cash flow to creditors :-

= Interest expense - Net new debt issued

= $277 - $230

= $47

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the information, alternatives, and opportunity cost present at the time of making a decision are known as

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This type of decision is called an implicit alternative.

What does "implicit cost" mean?

Any price that has occurred but isn't necessarily shown or recorded as a distinct item is known as an implicit cost. It stands for an opportunity cost which develops when a corporation commits internal resources to a project without providing any clear payment for the use of such resources.

How to calculate opportunity cost and what is it?

The notion of economic cost as a whole includes opportunity cost. An opportunity cost value is simply the price difference between the preferred alternative and the next-best alternative in terms of numbers.

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the invisible hand ensures that economic prosperity is distributed equally.t/f

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False. The invisible hand makes sure that wealth is dispersed fairly.

What in economics is the "invisible hand"?

The unseen forces that steer the free market economy are represented by the metaphor of the invisible hand. The best interests of society as a whole are served by allowing individuals to act in their own self-interest and with freedom to produce and consume.

When does the unseen hand control business activity?

A market economy can run on its own and give the impression that there is a guiding principle or resource allocation strategy, according to Adam Smith, who coined the phrase "invisible hand.  He claimed that people should be allowed to make their own decisions rather than relying on the government to make these decisions.

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What are the 4 types of consumer benefits?

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Consumers seek goods and services with features that maximize their happiness and value given their needs and financial means.

What do you mean by service?

A service is defined as a "(intangible) act or use for which a consumer, business, or government is willing to pay." Examples include the work done by barbers, doctors, lawyers, mechanics, banks, insurance organizations, and others. Public services are those that the entire society (a nation-state, fiscal union, or region) must pay for.

Basic services like electricity and energy, water and sanitation, garbage and waste management are essential for improving people's lives.

Personal Services are defined as "the performance of any task or labor, including working as an independent contractor or supplying any.

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which of these topics is not of especial interest to a financial manager?

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Debt is not of especial interest to a financial manager.

A debt is a commitment to compensate the creditor, a third party, with money or another agreed-upon value. Debt is different from a one-time purchase in that it requires future payments or several payments. A local government, a firm, an individual, or a sovereign state or country may be responsible for the debt. Commercial debt normally is subject to contractual rules governing the amount and timing of principal and interest payments. There are many various types of debt, such as loans, bonds, notes, and mortgages. Debt is a sort of financial transaction in financial accounting, as opposed to equity. The phrase can also be taken metaphorically to allude to moral obligations and other exchanges that don't include a financial exchange.

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18 more than 3 times a number b is 24 A recipe to make green paint calls for 4 cups yellow and 5 cups blue paint. If I used 100 cups of blue paint, how much yellow paint would I need ? Which phrases best describe the population of colonial North Carolina?Select the two correct answers.Responsesreligious dissenters from Virginiawilling taxpayers loyal to the kingbusybodies who interfered with their neighborsfree-spirited small farmers comparing and contrasting two versions of the war of the worlds Jordan's pet grooming business has a monthly cost function of C = $15p + $1520. His Revenue is given by the function R = $55p, where C is the total cost per month, R is the total revenue he receives each month and p is the number of pets he grooms in a month. How many pets must he groom each month to break even? Given: ABCD is a parallelogram and E is the midpoint of BC.Prove: AFBE ADCE. Use the diagonals to determine whether a parallelogram with vertices U(2,2), V(9,2), W(9,6), and X(2,6) is a rectangle, rhombus, or square. Give all the names that apply. rcher Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense: Month Units Shipped Total Shipping Expense January 3 $ 1,500 February 6 $ 2,000 March 4 $ 1,400 April 5 $ 1,700 May 7 $ 2,000 June 8 $ 3,000 July 2 $ 900 2. Using the high-low method, estimate the cost formula for shipping expense. Congress is responsible for legislation, but the president has to sign a bill before it becomes law and also has the option to reject, or veto, the bill. A presidential veto isn't necessarily the end of a bill though. If there is enough support for the bill, members of Congress can override the veto with a two-thirds majority vote. This is part of the checks and balances plan. The president can check Congress's power with a veto, but Congress can check the president back with an override.P.S. Congress can override a presidential decision.Based on the passage, the checks and balances planAincludes two ways for either Congress or the president to end a bill.Blets Congress and the president challenge each others actions.Cgives the president the final power to end a bill.Dincludes two ways for Congress to veto a presidential override. ASSESSMENT PRACTICE An: 1 Which point does Stanton make about womens employment? A. Women are not allowed to be employed B. Women are hired only for jobs that men dont wantC. Women are not allowed the education needed for higher paying jobs. D. Women have few ways to save money so they can accumulate real wealth a person at the midpoint of the health continuum is angela would like to become a secretary. true false Please help with this Astronauts on a small moon measure the gravitational acceleration to be 0.75 m/s^2. What would the mass of the moon be if it has a radius of 8.5 E^4 m. Graph of water in sink what is the slope of the line if a 45.2 g sample of nickel is heated up to 640C and is dropped into a 100.0 g sample of water originally at 25C will the sample of water boil? prove it by setting up two q=cmT expressions one for water and one for nickel side by side Find the intercept on the x and y axes 3y=2/3x+4 4If f(x)=x-4 and g(x) = -2x + 3, which polynomial is equivalent to g(f(x))?A -2x + 16x - 29C-2x - 1B -2x-16x +35D -2x +8x + 3x - 12 peer certificate cannot be authenticated with known ca certificates A bats wing is used for a fight, while a monkey uses its hand to grasp objects. These structures have different functions, but on ab anatomical level, they have a very similar bone structure. What theory does this evidence help to support? A) These organisms are unrelated and live in very different environments.B) Bats evolved from monkeys when trees were cut down.C) The environmental need for both organisms was the same, so they adapted to have different structures for the same function.D) These organisms shared a common ancestor at the same point in history.