The employee classification it falls into is Temporary Part-Time
It would often be considered temporary part-time employment to hire local college students for the summer. Temporary employment is a type of employment where a worker is hired for a brief length of time, usually for a particular project or season. Temporary workers are not given the same job security or benefits as permanent workers since they are not regarded as permanent employees.
A work arrangement known as part-time employment is one in which an employee works fewer hours than a full-time employee. Depending on how long a person works a part-time job, it may be either temporary or permanent. Local college students employed throughout the summer at an amusement park would probably be regarded as temporary part-time workers. They would only be employed during the summer months, and they would work less hours per week than a full-time worker.
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the digby's balance sheet has $102,089,000 in equity. further, the company is expecting $3,000,000 in net income next year. assuming no dividends are paid and no stock is issued, what would their book value be next year?
The book value of Digby's next year would be $105,089,000.
Solution:
Book Value = Equity + Net Income
Book Value = $102,089,000 + $3,000,000
Book Value = $105,089,000
What is a Balance Sheet?
A balance sheet is a financial statement that shows the assets, liabilities, and shareholders' equity of a company at a given point in time. It provides an overview of the company's financial situation. One of the three fundamental financial statements is the balance sheet. The income statement and cash flow statement are the other two.
What is a Book value?
Book value is an accounting term that refers to the value of an asset after all liabilities have been taken into account. It is calculated by subtracting the total liabilities of a company from its total assets. Book value is also known as net book value or net asset value.
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Why do the pigs end up being the ones who teach and organize the other animals?
Because of their intelligence pigs end up being the ones who teach and organize the other animals .
Due to their reputation as the farm's most intelligent animals, the pigs are given the responsibility of instructing and organizing. The Seven Commandments and the concept of animalism were also organized by them. The pigs make an effort to convince the other animals that Sugarcandy Mountain doesn't actually exist.
Because they were the most intellectual, the pigs were given this task. Why are the pigs in charge if there is a classless society that aims to treat everyone equally. They were the wisest and developed Old Major's teachings into a comprehensive school of thinking known as Animalism.
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in a limited partnership, who assumes unlimited personal liability for the debts of the partnership?
in a limited partnership, who assumes unlimited personal liability for the debts of the partnership
general partnership
What does the term "general partnership" mean?
In a general partnership, each partner is responsible for the business decisions made by the partnership. Active partners, also known as general partners, in a general partnership are fully liable for all company debts.What defines a general partnership as its primary attributes?
A general partnership is made up of two or more people who agree to carry on business for a profit and are referred to as general partners. General partners must put the interests of the partnership above their own due to their fiduciary obligation of loyalty and trust to the other partners.
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Which of the following is a function of an integrated marketing communications system?
a. designing products using environmentally-friendly techniques
b. sharing company forecasting details with shareholders
c. allowing suppliers or vendors to manage the inventory of products
d. delivering a consistent message on the product to each brand contact
e. controlling production levels by feedback received from customers
Answer:
d. delivering a consistent message on the product to each brand contact
Explanation:
An integrated marketing communications (IMC) system is a strategy that coordinates all of a company's communication channels and messages to deliver a clear, consistent, and compelling message to its target audience. This includes marketing, advertising, public relations, corporate communication, and sales promotion efforts. IMC seeks to ensure that all brand contacts, including advertising, sales promotions, public relations, and direct marketing, are consistent and reinforce each other, resulting in a cohesive and unified brand image.
Two important keys to successful revenue cycle management are information technology and electronic claims processing. True False
It is true that two important keys to successful revenue cycle management are information technology and electronic claims processing.
What is revenue cycle management?This is when clinical management systems communicate with medical billing systems wherein information is exchanged among patients, statement systems and vendors so that financial cycle transactions are efficiently tracked.
Here, information technology is critical because it enables patients and vendors interact amongst themselves hence a series of steps that track revenue to help improve the efficiency and effectiveness of billing system.
Revenue cycle management help ensure that care providers can maximize their claim reimbursements and increase their revenue.
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on december 1, chocolate inc. sells 2,000 shares of its $1 par value common stock for $16 per share. the journal entry on december 1 will include a debit to cash for $32,000. group of answer choices true false
Contrary to popular belief, accounting is the activity of categorizing, documenting, compiling, and deciphering business transactions.
The definition of a journal entry?A transaction is documented by a journal entry made in your company's books. In double-entry bookkeeping, there must be a minimum of two journal entries for every transaction. A bookkeeper uses journal entries to record all the changes that a transaction might make to the business. By making a journal entry, a firm can record information about a transaction in its accounting records. A journal entry is frequently kept in the general ledger, but it can alternatively be retained in a subsidiary ledger and then rolled forward into the general ledger once it has been summarized.To learn more about Accounting refer to:
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What are the 4 types of savings accounts?
The 4 types of savings accounts are: Regular savings accounts, High-yield savings accounts, Money Market Accounts (MMAs), Certificates of Deposit (CDs)
Regular savings accounts are These are basic savings accounts offering an interest rate and the ability to access funds with a debit card or ATM. High-yield savings accounts are these accounts pay a higher interest rate than regular savings accounts, but often require a higher minimum balance or more frequent deposits.
Money Market Accounts (MMAs): These accounts offer higher interest rates than most savings accounts, but have more restrictions on withdrawals and transfers. Certificates of Deposit (CDs) are These accounts require a minimum deposit and are usually held for a fixed period of time, usually between 6 months and 5 years. CDs often offer higher interest rates than other types of savings accounts but have penalties for early withdrawal.
Overall, the four types of savings accounts differ in terms of interest rates, fees, minimum deposits, and restrictions on withdrawals and transfers. It is important to compare various accounts and look into the details before deciding which one is the best fit for you.
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In the context of the components of company vision, _____ are the means to execute the strategies for achieving the goals of a company.
In the context of the components of company Strategic management are the means to execute the strategies for achieving the goals of a company.
The management of an organization's resources to accomplish its goals and objectives is known as strategic management.
There are various schools of thought in strategic management. While a descriptive method focuses on how strategies should be implemented, a prescriptive approach to strategic management specifies how strategies should be established. Whether strategies are created via an analytical process, in which all dangers and opportunities are taken into account, or if they are more like general guiding principles to be applied, is where these schools diverge. Organizational structure, business culture, and personnel skills and competences are all significant determinants of how well an organization can accomplish its stated goals. Companies that are rigid may struggle to thrive in a dynamic commercial climate.
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What is groupthink attitude?
Groupthink is a psychological phenomena that takes place when there is a desire for harmony or conformity within the group, which leads to erroneous or dysfunctional decision-making.
What are the risks associated with groupthink?Our objectivity is threatened by groupthink. It hinders our ability to think independently and make the best choices. It's important for designers to avoid slipping into the bandwagon bias trap.
What drawbacks does groupthink have when making decisions?Groups that are affected by groupthink in an organization are unable to take into account the opinions of minorities, which renders them ultimately ineffective and prevents them from making decisions that include weighing the pros and drawbacks of several options in order to select the best alternative.
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during the second quarter, wilson woolen mills decides to leave all budget values the same as in the first quarter, which is shown below. its direct labor costs decrease to $70,000 but all other costs are identical to the first quarter costs. how will this change impact wilson in the second quarter?
It will remove the adverse variance in direct labor costs and reduce the unfavorable variance in overall costs.
What exactly are direct labor costs?The total costs paid by the firm for paying salaries and other benefits to the company's workers in return for work performed that is directly related to the production of the company's product or the supply of services are referred to as direct labor expenditures. If your firm manufactures bicycles, the workers are considered direct labor. Direct laborers include assemblers, welders, painters, and machinists.
The direct labor cost formula is a straightforward calculation for calculating direct labor cost. The direct labor cost is calculated by multiplying the pay rate by the time spent working on the project, or Direct Labor Cost= Pay Rate × Project Time.
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how does religion define certain characters in persepolis and affect the way they interact with each other?
Religion has forced changes upon characters in the book in Persepolis and has made their interactions with each other mostly centered around their beliefs.
In her graphic novel Persepolis, Marjane Satrapi portrays life in Iran after the Shah's exile and the implementation of the new Islamic administration. Religion, particularly Islam, plays an important role in the story, influencing not just how individuals do religious actions, but also how they behave in society. Religion has forced changes on the individuals in the novel, and their interactions with one another are largely oriented on their beliefs. There is plenty of proof throughout the book of how religion has defined characters. Specific proof is provided by Satrapi's escalating rebellion, Marji and her family feeling compelled to lie to the police and everyone around them, and civilians beginning to abandon religion and all they believed in before to the revolution.
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What is a key differentiator when delivering artificial intelligence AI?
The key differentiator of conversational Artificial intelligence from traditional chatbots is the use of NLU (Natural Language Understanding) and other humanlike behaviors to enable natural conversations.
In evaluation to the intelligence exhibited with the aid of using animals and humans, synthetic intelligence (AI) refers back to the perception, synthesis, and inference of records accomplished with the aid of using computers. Speech recognition, pc vision, language translation, and different enter mappings are some examples of responsibilities in which that is done.
The several subfields of AI take a look at are targeted on unique targets and the usage of positive techniques. Reasoning, expertise representation, planning, learning, herbal language processing, sensing, and the ability to transport and control items are a number of the conventional targets of AI research.
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net cash provided by operating activities was $12,000. net cash provided by investing activities was $2,000. net cash used in financing activities was $7,000. the cash balance at the beginning of the year was $4,000. the cash balance at the end of the year is: multiple choice question. $11,000 $21,000 $25,000 $7,000
A cash balance indicates that a company has cash on hand and can use that cash however it wishes.
What is the cash balance at year's end?The Opening Balance is the sum of money available at the beginning of the month (1st day of the month). The amount of money on hand at the month's end is known as the closing balance (the last day of the month). Using the equation below, the closing balance is determined.The closing balance is equal to the opening balance plus the total income minus the total expenses. You will have the same amount of cash at the conclusion of one accounting period as you will at the start of the subsequent period. You should have $5,000 at the start of January if your cash balance at the end of December was $5,000.A cash balance is the amount of money a company currently has available. This money is kept on hand to offset any unplanned cash outflows. If not for this safety buffer, businesses can find themselves unable to pay their bills. Cash balance is typically used to pay off debt or is returned to investors as a dividendGiven:
Cash generated during the year = Cash inflow - Cash Outflow
Cash generated during the year = ($12,000+2,000) - 7,000 = $7,000
Given:
Cash balance at the end of the year = Opening cash balance + Cash generated during the year
So by putting values, we have:
Cash balance at the end of the year = $4,000 + $7,000 = $11,000The cash balance at the end of the year can be calculated as follows:
=> $12,000 + $2,000 + $7,000 + $4,000
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An individual is an agent for a broker-dealer. He takes and passes the appropriate examinations and forms a sole proprietorship investment adviser. Some time later, he terminates his registration with the broker-dealer. This action would require
A) affiliating with another broker-dealer within 30 days
B) terminating the IA registration
C) amending the Form ADV
D) qualifying by re-examination
This action would require amending the Form ADV.
FINRA Rules 1210 through 1240 outline the qualifications and registration criteria for FINRA members. 1 These rules, among other things, establish a waiver program for individuals working for a financial services industry affiliate of a member firm, require firms to designate a principal financial officer and a principal operations officer, require individuals to be registered as representatives or principals, permit the permissive registration of associated persons of firms, require registration of individuals as representatives or principals, and set forth requirements for registered individuals who are to function as such.
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What are the 3 steps in creating financial plan?
Process of Financial Planning
1) Assess your financial situation; 2) decide your financial goals; 3) look for other investment opportunities.
What does the phrase "financial planning" mean?In order for a company to fulfill its strategic goals and objectives, financial planning must be done. The Financial Plan is often developed by a corporation as soon as the vision and goals have been established. According to common usage, a financial plan is a thorough assessment of a person's present earnings and future financial condition that uses currently available information to forecast future earnings, asset values, and withdrawal schedules.
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which of the following is not considered a carrying cost? a.storage costs b.receiving costs c.the opportunity cost of funds invested in inventory d.insurance on the inventory
Receiving costs is not considered a carrying cost. Processing inventory that arrives from product shipments constitutes receiving charges, also known as intake fees.
Why Do Carrying Costs Exist?
The expenses a company incurs for keeping goods on hand are referred to as carrying costs, holding costs, and inventory carrying costs. Taxes, insurance, staff costs, depreciation, the cost of keeping assets in storage, the cost of replacing perishable items, and opportunity costs are just a few examples of the various carrying costs that a business may face. Even the capital expense that contributes to the company's revenue is a carrying cost. The carrying costs of inventory are another name for carrying costs.
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Receiving costs is not considered a carrying cost. Processing inventory that arrives from product shipments constitutes receiving charges, also known as intake fees.
Why Are There Carrying Costs?Carrying costs, holding costs, and inventory carrying costs are the charges a business incurs to maintain inventories.
The different carrying costs that a corporation may encounter include taxes, insurance, employee costs, depreciation, the cost of keeping assets in storage, the cost of replacing perishable things, and opportunity costs, to name just a few.
Even capital expenditures that increase the company's revenue are considered carrying costs. Carrying costs are also known as the carrying costs of inventories. This is an important number since it indicates how long the company can maintain its inventory before it starts to lose money on unsalable items.
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balance sheet and income statement data indicate the following: bonds payable, 10% (due in two years) $883,000 preferred 5% stock, $100 par (no change during year) 290,000 common stock, $50 par (no change during year) 1,971,000 income before income tax for year 340,000 income tax for year 78,000 common dividends paid 98,550 preferred dividends paid 14,500 based on the data presented, what is the times interest earned ratio (rounded to one decimal place)?
A corporation may issue you common stock as a financial instrument through a procedure known as an initial public offering. The ownership of a shareholder in a firm is represented by the common stock.
Define balancesheet
A financial statement that lists a company's assets, liabilities, and shareholder equity at a certain point in time is referred to as a balance sheet. The foundation for calculating investor return rates and assessing the capital structure of a company is provided by balance sheets.
The balance sheet is a financial statement that gives a quick overview of the assets and liabilities of a firm as well as the amount of shareholder investment. When doing basic analysis or calculating financial ratios, balance sheets can be utilised in conjunction with other crucial financial data.
The balance sheet follows the accounting formula below, where assets are on one side and liabilities
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What must the dissemination of information regarding intelligence sources methods or activities follow 2022?
The National Intelligence Director.- Before publishing photos of oneself in uniform with identifiable places, turn off the Global Positioning System (GPS).
Spillage happens when information is "spilled" from a higher classification or level of protection to a lower classification or level of protection. Spillage can be accidental or planned. Never, ever cross categorization lines!
In modern culture, the two general forms through which people distribute information are traditional and social media. Phones, television, oral communication, and print publications are examples of traditional media.
Text messaging, microblogs, and online news sites are all examples of social media. Data about you may be pooled from all sites, applications, and gadgets you use to create a profile of you.
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which of the following statements is generally not true from an investor's perspective? multiple choice a 5% dividend yield is generally preferred over a 3% dividend yield. a 10% net margin is generally preferred over an 8% net margin. a 20-day average collection period for accounts receivable is generally preferred over a 30-day average collection period. a 1:1 current ratio is generally preferred over a 1.5:1 current ratio.
From the following statements is generally not true from an investor's perspective is 1:1 current ratio is generally preferred over a 1.5:1 current ratio. The correct option is (d).
What do you mean by the investor's perspective?
An investor's market outlook and their assessment of the advantages and disadvantages of potential investments are described by their investment view.
The depth of one's investing perspective will depend on macroeconomic circumstances, the underlying fundamentals of a certain investment, the investor's individual risk tolerance, and the amount of money that is available for investment.
It enables you to increase your wealth while also creating a backup income source in case you need one before retiring.
Diverse investments, including equities, ETFs, bonds, and real estate, will occasionally offer both growth and income.
Because they can reveal a wealth of information about a company's earnings, costs, profitability, debt burden, and capacity to satisfy short- and long-term financial commitments, financial statements are crucial to investors.
Therefore, from the following statements is generally not true from an investor's perspective is 1:1 current ratio is generally preferred over a 1.5:1 current ratio.
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Which 3 of the maintenance activities can help you repair a QuickBooks desktop data file?
The 3 of the maintenance activities that can help you repair a QuickBooks desktop data file is Repair your company file using the Rebuild Data tool, Repair your company file using QuickBooks File Doctor and Manually repair your company file by rebuilding your data.
Intuit created and sells the accounting software program suite called QuickBooks. QuickBooks merchandise had been first launched in 1983 and are typically focused at small and medium-sized enterprises. They offer cloud-primarily based totally accounting programmes that take bills from companies, manipulate and pay invoices, and manage payroll further to on-premises accounting tools.
Intuit became hooked up in Mountain View, California, through Scott Cook and Tom Proulx in 1983. The organisation created similar offerings for proprietors of small companies in reaction to the recognition of its Quicken programme for private monetary management. The unique model of Quicken became now no longer a "double-entry" accounting programme.
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Getta Byte Software—The Project Scope We need a new billing system. Why? The one we have works fine. It's manual, time-consuming, and inaccurate. There is that... So, it has to be automated, fast, and accurate. An online system Easy data entry Dynamic updates to receivables It should save us 25% in labor per month. We need to work with a bunch of people. CEO, CFO, Finance, Billing, Customer Service How will we know if it is a successful system? Billing cycles are reduced by 30% We must do the first pilot by September 1. That means development and testing is done by August 15. Final release will be complete on September 10. If we are able to generate reports dynamically... Speed up transactions and response time... We'll be golden! We only have $250,000 to spend on this project. What if while we are replacing the system, we have network issues? There is a risk in data transfer from our paper records to the new system. That budget is going to be a challenge—a real constraint. We have to assume that our most of our current customer data are correct. We won't be able to do anything with accounts receivable. We won't be able to change our financial system of record, either except to interface. I think that's all I need for a charter. The End
Discuss the billing project charter and submit a one- to two-page paper. Consider what additional risks, assumptions, or requirements Getta Byte should include in this charter. What have they missed? What would you add if you were the project manager?
The missed of the project manager are data integrity and the data Backup.
The project manager was the consider are System Security.
What is manager?The term manager refers to manage all the things of the management. The manager was the responsible for the management. The manager role was the handel of the new project.
The main reason was the project manager as the missed are:
Data BackupData integrityBusiness continuityRollbackDisaster RecoveryThe project manager was the consider are:
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zebina purchased an entertainment center for $2,798 using a 12-month deferred payment plan with an interest rate of 21.95%. she did not make any payments during the deferment period. what will the total cost of the entertainment center be if she must pay it off within six years after the deferment period? (4 points) $5,236.80 $6,284.16 $2,798.00 $3,477.88
B. The total cost of the entertainment center will be $6,284.16 if she must pay it off within six years after the deferment period.
This is because the interest rate of 21.95% will be compounded over the 6 years, leading to an increase in the total cost of the entertainment center.
The compounded interest rate will add to the cost of the deferred payments each year, increasing the amount to be paid each year.
Calculate the total interest of the 12-month deferment period: 2,798 x 21.95% = 609.86
Calculate the total amount payable after the deferment period: 2,798 + 609.86 = 3,407.86
Calculate the total interest payable over the six-year repayment period: 3,407.86 x 21.95% x 6 = 2,876.30
Calculate the total cost of the entertainment center: 3,407.86 + 2,876.30 = 6,284.16
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a customer contacts her registered representative to buy an otc stock. rather than buying it directly from a market maker, the broker-dealer contacts another broker-dealer, who buys it from a market maker creating two levels of transaction fees. this is known as: qid: 3571135 mark for review a free-riding and withholding b interpositioning c backing away d churning
A customer contacts their registered representative to buy an OTC stock. Rather than buying it directly from a market maker, the broker-dealer contacts another broker-dealer, who buys it from a market maker, creating two levels of transaction fees. This is known as interpositioning.
Interpositioning is a type of brokerage where a broker-dealer contacts another broker-dealer to buy a stock on behalf of a customer, rather than buying it directly from a market maker. This creates two levels of transaction fees since both brokers receive commissions for the transaction.
Interpositioning is relatively common in the over-the-counter (OTC) stock market, where it is more difficult to identify market makers and execute trades directly. Interpositioning can also be used in other types of securities such as bonds and derivatives.
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What are 4 things to look for in phishing messages?
An unfamiliar greeting. Grammar errors and misspelled words. Email addresses and domain names that don't match. Unusual content or request – these often involve a transfer of funds or requests for login credentials.
What are the four signs of a phishing message?A sense of urgency is frequently used in phishing mails to pressure the recipient into taking action. Any language implying you should act right away should be avoided if the message asks you to click a link or supply personal information.Unfamiliar Sender: Double-check who sent the email. Be cautious before opening the mail if the source is unknown or appears dubious.Poor Grammar: Non-native English speakers frequently compose phishing emails. They can have weird wording, poor grammar, or spelling errors.Suspicious Links: Hover your mouse pointer over any links in the message to reveal their complete URL before clicking on them. Do not click on any URLs that seem strange or unusual. Avoid opening any links in strange emails as well because doing so can cause your machine to download harmful malware.To learn more about phishing messages refer to:
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3. How technology and innovation influence culture (Connect, Perform)Use your knowledge of innovation to select the term that best completes each sentence.The first mobile phone is an example of .Use your knowledge of innovation to select the term that best fits each scenario or description.When smart phones first came out, companies tried to identify what apps they could create to combine with them to enable new things like compasses, maps, and mobile ticket purchasing. What type of innovation do these apps represent?An incremental innovationA systems innovationA radical innovationChoose the answer that best completes each sentence.Because workgroups develop their own , intranets build a common cultural foundation that can help unify employees in different units and locations around common company values.
According to the following questions were:
The first mobile phone is an example of a radical innovation.The type of innovation that represents is a systems innovation. The correct option is (B). Because workgroups develop their own , intranets build a common cultural foundation that can help unify employees in different units and locations around common company values. The suitable word is subcultures.What do you understand by the passage of technology and innovation?
An important finding that transforms or invents a whole industry is considered a radical innovation. Corporate research or research and development, which frequently takes place in laboratories, is the simplest approach for traditional corporations to foster innovation.
A system innovation installs components in novel ways to produce new functionalities, such as merging smartphones with compasses and other features. As with cellphones, radical innovation is a significant development that transforms or entirely develops an industry.
People in an organization who share similar circumstances, identities, or job responsibilities tend to coalesce around their own interpretations of the dominant corporate culture.
Therefore, according to the following questions were:
The first mobile phone is an example of a radical innovation.The type of innovation that represents is a systems innovation. The correct option is (B). Because workgroups develop their own , intranets build a common cultural foundation that can help unify employees in different units and locations around common company values. The suitable word is subcultures.To know more about the technology and innovation, visit:
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discounts that are offered to business customers, final consumers, or channel members in exchange for doing something or accepting less of something are known as ______.
Discounts that are offered to business customers, final consumers, or channel members in exchange for doing something or accepting less of something are known as noncumulative quanitity discounts.
Discounting is the process of converting a value received in the future to an customers value received now. A dollar received 50 years from now, for example, may be worth less than a dollar received today; discounting measures this relative value. Learn how to include invoice discounts. A sales discount, also known as a 'discount,' offers customers of a business a lower price on one or more of the products or services on offer.
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Zoe has been asked to identify the external links that exist in a workbook that has primarily been managed by another employee. Which feature should she use? show/hide links data tab and external links group edit links dialog box data tab and data tools group.
In Excel, external links are also referred to as external references. The new workbook serves as the external link to the formula when we use any formula in Excel and refer to any workbook other than the workbook with the formula.
An external link is one that points to another workbook or uses a formula from that workbook. Surprisingly, there isn't a fast way to find every link in a workbook at once. You will need to employ several techniques depending on precisely where the references are—in formulas, defined names, objects, or charts. The most frequent instance is external linkages within cells. They are also the simplest to locate and eliminate. Check the data source in the appearing dialog box.
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tanning company analyzes its receivables to estimate uncollectible accounts. the accounts receivable balance is $338,000 and credit sales are $1,000,000. an aging of accounts receivable estimates that $13,520 of the outstanding receivables will be uncollectible. what adjusting entry will tanning company make if allowance for doubtful accounts has a credit balance of $1,800 before adjustment? a. account debit credit bad debt expense 45,960 allowance for doubtful accounts 45,960 b. account debit credit bad debt expense 11,720 allowance for doubtful accounts 11,720 c. account debit credit bad debt expense 13,520 allowance for doubtful accounts 13,520 d. account debit credit bad debt expense 15,320 allowance for doubtful accounts 15,320
The adjusting entry if the allowance for doubtful accounts has a credit balance of $1,800 before adjustment will include:
Debit to Bad Debt Expenses $11,450Credit to Allowance for Doubtful Accounts $11,450.How do we calculate the adjusting entry?Data
Accounts receivable balance = $338,000
Credit sales = $1,000,000
Estimated uncollectible = $13,520
Allowance for doubtful accounts balance = $1,800 (credit)
Date Account titles Debit Credit
Bad Debt Expense $11,450
Allowance for Doubtful Accounts $11,450
[$13,250 - $1,800]
(To record bad debt expense and adjust the allowance for doubtful accounts)
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How does a market economy affect citizens?
People require money in every economy in order to buy goods and services. This desire increases motivation in a market economy because people want to earn more money to meet their wants and live comfortably.
A market economy also correlates with higher productivity.
What are the characteristics of market economy?A market economy, often known as a free enterprise economy, is characterized by a minimal role for the federal government. Buyers and sellers, not the government, determine the majority of economic decisions. The effective use of resources is encouraged by a competitive market economy. It is an economy that controls and modifies itself.
Government doesn't really need to play a big economic role. The market system has a lot of drawbacks, though, and as a result, the government plays an active but constrained economic role. Nearly everything in a market economy is held by people and private companies, not by the government.
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Identify which curve refers to: Curve Curve Variable Total cost Variable cost Fixed cost E E Variable Average total cost LE Average variable coste Average fixed cost Marginal cost < Prev 4 of 8 !!! Next > MacBook Air -0 A CO T Type your answer in the box. cost is the sum of fixed cost and variable cost at each level of output. Read about this Do you know the answer? I know it Think so Unsure No idea
The total cost curve is will start in same place as fixed cost but it will raise.
How to identify each curve?Total cost curve start in same place as fixed cost and then it will raise because the total cost is sum of fixed cost and variable cost.
Fixed cost curve will start in some point above 0 and will still same because either the production is running or not the cost will always same.
Variable cost curve will start in 0 and it will raise because if there no production then there no variable cost and if there more production then there more variable cost.
Average total cost curve will have similar shape as average variable cost but in higher point.
Average fixed cost curve will start in higher point then to lower because the cost will be same but the production will increase.
Average variable cost curve will start in the middle position and have a like U-shape.
Marginal cost curve will start in lower point then to higher point because to each addition of production firstly will have lower cost, but then for each addition of production will need higher cost.
For visualization I attached two chart.
You question is incomplete, but this is a general answer about cost curve.
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