a. Net income before tax is the most common base used to determine the preliminary judgment about materiality because

The iPencil film explains rational behavior and economic self-interest by illustrating how the market works. The film shows how different participants in the market make decisions based on their individual interests.

What do you know about iPencil film?

iPencil is a documentary film that follows the journey of the Apple Pencil from concept to production. The film reveals the incredible engineering, design, and manufacturing process that goes into making the Apple Pencil. The film focuses on the development of the Pencil's unique features, such as its pressure sensitive tip, palm rejection, and tilt sensitivity. It also highlights the use of advanced manufacturing technologies such as CNC machining, injection molding, and laser engraving. The film dives into the story of the amazing people involved in the development of the Pencil and the passion they put into making the product. It offers an inside look at Apple's culture and the innovation that is behind the development of the Pencil. iPencil is a must-see film for anyone interested in the history and development of the Apple Pencil.

So, The iPencil film explains rational behavior and economic self-interest by illustrating how the market works.

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Answer:

1. Dr Insurance expense $65,800

Dr Cash surrender value of life insurance $6,200

Cr Cash $72,000

2. Dr Cash $2000,000

Cr Cash surrender value of life insurance $28,200

Cr Gain on life insurance settlement $1,971,800

Explanation:

1. & 2. Preparation of the appropriate 2018 journal entries to record insurance expense and the increase in the investment

1. Dr Insurance expense $65,800

($72,000+$22,000-$28,200)

Dr Cash surrender value of life insurance $6,200

($72,000-$65,800)

Cr Cash $72,000

2. Dr Cash $2000,000

Cr Cash surrender value of life insurance $28,200

Cr Gain on life insurance settlement $1,971,800

($2000,000-$28,200)

Answer:

developing long lasting, trusting relationships with your business partners by taking a strategic collaborative approach, so that you are able to jointly create new and sustainable value.

Explanation:

THATS IS MY ANSWER

The reason why Omondi will satisfy hungler for food before going to Chaka Ranch for entertainment includes:

By eating first, he can fully focus on and enjoy the entertainment without feeling uncomfortable or distracted by hunger. The entertainment venues also offer expensive and unhealthy food options, which may not be suitable for Omondi's dietary preferences or budget.

By eating, he can avoid spending money on unnecessary food or consuming food that does not align with his dietary choices. Also, some entertainment venues may not offer food at all.

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The correct answer is B. Economic demand is the amount of a good or service that consumers are willing and able to buy at various prices.

It reflects the relationship between the price of a product and the quantity that consumers are willing to purchase at that price. Demand is influenced by factors such as price, consumer preferences, income levels, and availability of substitutes.

As the price of a product decreases, the quantity demanded generally increases, and vice versa, following the law of demand. The demand curve represents this relationship, showing the quantity of a good or service that consumers are willing and able to buy at different price points.

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Answer: X-intercept is (1,0)

Explanation:

If the labor force participation rate had increased instead of​ decreased, the unemployment rate for April 2019 would be:

“Greater than 3.6 percent because adding the same number to both the numerator and the denominator of a fraction that is less than one increases the value of the fraction.” Hence, Option D is correct.

People who are employed or looking for work who are in the civilian household population and are at least sixteen years old are considered to be "in the labor force."

When labor force participation rises to 63.2 percent, the number of unemployed persons will rise if employment stays the same. Therefore, the rate of unemployment will rise when both the workforce and the unemployment rate grow by the same amount.

Therefore, Option D is correct.

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The complete question has been attached in text form:

The unemployment rate declined from 3.8 percent in March 2019 to 3.6 percent in April. The labor force participation rate also declined from March to​ April, from 63.0 percent to 62.8 percent.

Holding constant the number of people employed in April​ 2019, if the labor force participation rate had increased instead of​ decreased, the unemployment rate for April 2019 would be

A. less than 3.6 percent because the value in the numerator of the formula for the unemployment rate would increase less than the value in the denominator.

B. less than 3.6 percent because the value in the numerator of the formula for the unemployment rate would increase more than the value in the denominator.

C. greater than 3.6 percent because the value in the numerator of the formula for the unemployment rate would increase less than the value in the denominator.

D. greater than 3.6 percent because adding the same number to both the numerator and the denominator of a fraction that is less than one increases the value of the fraction

The fourth option is the correct answer for this question.

An accredited investor is a person or a company that is authorized to trade securities even though they are not officially registered with the financial authorities. Investors that don't meet the net worth or income requirements outlined by the Securities and Exchange Commission (SEC) are referred to as non-accredited investors.

As from the definition mentioned above, there are some set of rules that signify an investor to be accredited or non-accredited. In the given question, the first two options directly talk about the investment level of those investors and this solely cannot be a point to establish a person to be accredited or non-accredited. So the first two options are nullified.

As for the second option there is no such rule that only one type of investors can invest in Bernie’s company. Therefore, this option also gets exempted.

The last fourth option talks about both the aspects of the investors being accredited or non-accredited and also this will make sure as to how much money they can invest. Therefore, option 4 is the correct answer for this question.

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Based on the given amounts of assets and liabilities, the missing amount of Owner's equity is $301,000

The Owners equity is one of the parts of the Accounting equation which is:

Assets = Liabilities + Owners Equity

The Assets in this instance is $573,000 and the Liabilities are $272,000.

The Owner's equity is the missing amount and it can be found as:

573,000 = 272,000 + Owners Equity

Owners Equity = 573,000 - 272,000

Owners Equity = $301,000

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Answer:

a e f i did the assment

Explanation:

Answer:

the answer is:

a cheerful, outgoing personality

basic math skills

attention to detail

Explanation:

1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.

Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.

This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.

In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.

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Answer:

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people

hope this helps

Explanation:

By selecting a social cause that aligns with their values and corporate goals, companies can create a CSR campaign that resonates with stakeholders and helps to build a positive reputation for their brand.

There are various social causes that companies may choose to support, depending on their corporate social responsibility goals. Here are the top three social causes that I would recommend for an organization, along with reasons why they are good matches for creating a CSR campaign:1. Environmental conservation: Protecting the environment and promoting sustainable practices is a social cause that has gained widespread attention in recent years.

As climate change continues to be a pressing issue, businesses that take a proactive approach to reducing their carbon footprint can establish themselves as responsible and sustainable entities. This is a good match for companies that have a large environmental impact, such as those in the manufacturing or transportation sectors. A CSR campaign focused on environmental conservation can include initiatives such as reducing waste, using renewable energy sources, and promoting eco-friendly practices among employees and customers.

2. Education: Investing in education is one of the most effective ways to support social development and empower individuals and communities. For companies that want to create a CSR campaign that has a tangible impact on people's lives, education is a great choice. This is especially relevant for companies that have a strong local presence and want to support the communities in which they operate. A CSR campaign focused on education can include initiatives such as donating educational resources to schools, providing scholarships to students, or organizing workshops and training programs for employees and community members.

3. Health and wellness: Promoting health and wellness is a social cause that has become increasingly relevant in light of the COVID-19 pandemic. Companies that prioritize the well-being of their employees and customers can create a positive image for themselves and build strong relationships with stakeholders. This is a good match for companies in the healthcare or hospitality sectors, as well as those that offer wellness-related products or services.

A CSR campaign focused on health and wellness can include initiatives such as promoting healthy lifestyles, providing access to healthcare services, or supporting mental health awareness and treatment programs.Overall, each of these social causes has the potential to create a meaningful and lasting impact, both for the company and the communities it serves.

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Answer:

1) 1387 Years

2) 142 Years

3) 87 Years

Explanation:

Answer:

b. bait pricing

Explanation:

Bait pricing strategy is one that is aimed at attracting customers by presenting a price that is lower than the actual value of a product. Usually the product is limited in quantity and when buyers come in they are convinced to buy something else.

This is considered an illegal means of marketing.

I'm the given instance when the customer got to the dealership the salesperson can't find that particular car on the lot, saying maybe it was sold this morning before he got in. The salesperson offers a higher-priced car.

This is bait pricing strategy.

Answer:

a)

Variable cost per unit=$10.08

Contribution per unit=$13.92

b)

Contribution margin ratio=58%

Variable cost ratio= 42%

c) Break-even units=3,000 units

Explanation:

Variable cost per unit

= 4.98 + 2.10 + 1.00 + 2.00 = $10.08

Variable cost per unit=$10.08

Contribution per unit = Selling price per unit - Variable cost per unit

                                  = 24 - 10.08  =13.92

Contribution per unit=$13.92

b)

Contribution margin ratio=  contribution/selling price= 13.92/24 × 100=58%

Contribution margin ratio=58%

Variable cost ratio = variable cost/selling price= 10.08 /24× 100 = 42%

Variable cost ratio=42%

c)

Break-even units = Total general fixed cost/contribution per unit

                           = (26,500 + 15,260)/  13.92     = 3000 units

Break-even units=3,000 units

The proper response is an option (A), which states that only the BBB accredits businesses and that accreditation is subject to payment.

Businesses must pay a fee to the BBB to be "accredited," which is one of the ways it makes money. If a company is accredited, it may appear more reliable to clients because it can display the BBB's accreditation badge. A company must apply and pay a fee to be accredited.

If a company has earned BBB accreditation, it implies that BBB has decided that the company complies with accreditation requirements, which include a promise to resolve customer complaints in a good faith manner.

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Here is the ranking from most closely related to horseflies to most distantly related to horseflies:

Most closely related to horseflies:

Equally distantly related to horseflies:

Most distantly related to horseflies: human.

Taxonomic rank generally can be defined as the relative level of a group of organisms in an ancestral or hereditary hierarchy In biological classification. A common system of Taxonomic rank consists several aspect. Such as  species, genus, family, order, class, phylum, kingdom, domain. A subspecies generally can be defined as a taxonomic rank below species. The only such rank recognized in the zoological code, and one of three main ranks below species in the botanical code.

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Based on the given data, we can conclude that the training has significantly improved the typist's speed at a significance level of 0.05.

To determine whether the training has improved the typist's speed significantly, we can perform a hypothesis test using the given information. We will use a significance level of 0.05, which means that we are willing to accept a 5% chance of making a Type I error (incorrectly concluding that the training has improved the speed when it actually hasn't).

Let's set up the null and alternative hypotheses:

Null hypothesis (H0): The training has not improved the typist's speed. μ = 50 words/minute.

Alternative hypothesis (H1): The training has improved the typist's speed. μ > 50 words/minute.

To test these hypotheses, we can perform a one-sample t-test since we know the population standard deviation.

The test statistic for a one-sample t-test is given by:

t = (xbar - μ) / (s / √n),

where xbar is the sample mean, μ is the hypothesized population mean, s is the standard deviation, and n is the sample size.

In this case, xbar= 52 words/minute, μ = 50 words/minute, s = 5 words/minute, and n = 36.

Let's calculate the test statistic:

t = (52 - 50) / (5 / √36) = 2 / (5 / 6) = 2 * 6 / 5 = 12 / 5 = 2.4.

Next, we need to find the critical value corresponding to a significance level of 0.05. Since the alternative hypothesis is one-sided (μ > 50), we will find the critical value from the t-distribution with degrees of freedom (df) equal to n - 1 (36 - 1 = 35) and a one-tailed significance level of 0.05.

Using a t-table or a t-distribution calculator, the critical value for df = 35 and a one-tailed significance level of 0.05 is approximately 1.691.

Since the test statistic (2.4) is greater than the critical value (1.691), we reject the null hypothesis. This means we have sufficient evidence to conclude that the training has improved the typist's speed at a significance level of 0.05.

Therefore, based on the given data, we can conclude that the training has significantly improved the typist's speed at a significance level of 0.05.

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The arrangement involving the sale of inventory in financing arrangement is  ASC 860-10 and for product is ASC 470-50. The Levesque Lumber not to be in proposed arrangement. The journal entries for the sale with Interest Expense is $20,000, Inventory is $1,000,000 and Cash is $1,620,000and subsequent repurchase and a memo to the controller is prepared.

Memo

To Dave Sirois (CFO), Levesque Lumber

CC Controller, Levesque Lumber

Subject: Proposed Inventory Sale and Repurchase Agreement with Dinucco Cabinets

After researching the issue of product financing arrangements, I have determined that the appropriate FASB guidance for an arrangement involving the sale of inventory which is "in substance" a financing arrangement is ASC 860-10. This guidance requires that the inventory sale be treated as a financing arrangement if the seller has an obligation or a right to repurchase the inventory.

The appropriate FASB guidance that addresses the recognition of a product financing arrangement is ASC 470-50. This guidance requires that the seller recognize a liability for the amount received from the buyer, and the difference between the sales price and the repurchase price should be recognized as interest expense over the term of the arrangement.

Considering Mr. Sirois’ proposed arrangement, I recommend that Levesque Lumber should not enter into this arrangement because it violates the FASB guidance related to product financing arrangements. The arrangement with Dinucco Cabinets is essentially a loan and should be treated as such. The company must recognize the $1,600,000 as a liability on the balance sheet, with a corresponding increase in cash. The $40,000 fee charged by Dinucco Cabinets should be recorded as interest expense over the two-month term of the arrangement.

The following journal entries should be made

July 1, 2023:

Cash $1,600,000

Inventory $1,000,000

Loan Payable $1,600,000

To record sale of inventory with a financing arrangement

September 1, 2023

Loan Payable $1,600,000

Interest Expense $20,000 ($40,000/2 months)

Inventory $1,000,000

Cash $1,620,000

To record repurchase of inventory

I recommend that Levesque Lumber seek alternative financing options that do not violate accounting standards.

Please let me know if you have any questions or need further clarification.

Sincerely,

[Your Name]

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The solution to the given question when we consider total cost and total revenue, given in the following table:

Quantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit

------- | -------- | -------- | -------- | -------- | --------

0     | 5       | 5        | 0        | 0        | -5

1     | 11      | 6        | 6        | 6        | 1

2     | 17      | 6        | 12       | 6        | 5

3     | 24      | 7        | 18       | 6        | 4

4     | 31      | 8        | 24       | 6        | -7

5     | 39      | 8        | 30       | 6        | -9

6     | 47      | 8        | 36       | 6        | -11

7     | 55      | 8        | 42       | 6        | -13

As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.

Therefore, the answer to the question is 3.

In summary:

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Sales tax and VAT are both examples of indirect taxes, which are levied by the seller at the time of sale and paid or sent to the government on the buyer's behalf. Thus option (B) is correct.

The term government refers that the system which was governed by a state or a country in it, we see there are different governments are being there in states the government is made by the people and govern for the people also in it. There is a system being made and under the system, the government is being run.

A consumption tax that charges consumers for their purchases. Because sales taxes are typically passed on to customers at the moment of sale, it is classified as a consumption tax. A sales tax is an example of an indirect tax, meaning it is not paid to the government directly like an income tax is.

Therefore, Thus option (B) is correct.

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An effective website will offer credibility, meaning that it effectively converts online readers into customers.

A website is a collection of related web pages, images, videos, and other digital assets that are hosted on a web server and are accessible via the internet. Websites are used for a variety of purposes, such as providing information about a company, providing access to online products and services, and even as a platform for online communication. Websites are typically created using a combination of HTML, CSS, and JavaScript, and are typically hosted on a web server.

Credibility is a measure of the trustworthiness and reliability of a website. An effective website will focus on converting online readers into customers by providing credible, accurate, and factual information.

It can be concluded that an effective website will offer credibility, meaning that it effectively converts online readers into customers.

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The financial crisis in 2008 could've been avoided in some ways by Regulating the housing market, Proper regulation banks and financial institutions, Introduction of better accounting standards, Encouraging greater transparency, and Regulating credit rating agencies.

The global financial crisis of 2008 was a significant economic event that had a far-reaching impact on the worldwide economy. The crisis resulted in the collapse of numerous leading financial institutions, which led to unprecedented losses in the stock market, a decline in economic growth, and high levels of unemployment. It is commonly believed that the crisis could have been avoided if appropriate measures had been taken at the right time.

Here are some ways the financial crisis in 2008 could have been avoided:

1. Regulating the housing market: The financial crisis of 2008 originated from the housing market collapse. Banks and financial institutions had given loans to people who could not afford them, and when the housing bubble burst, a massive number of mortgages went into default. If the government had regulated the housing market more effectively, the financial institutions would not have been able to give out loans to risky borrowers, and the housing market would not have collapsed.

2. Proper regulation of banks and financial institutions: If banks and financial institutions were regulated more effectively, they would not have been able to engage in risky financial practices that led to the crisis. Regulators would have spotted the risky activities early on and would have been able to take corrective action before it was too late.

3. Introduction of better accounting standards: During the financial crisis of 2008, banks and financial institutions engaged in creative accounting practices to hide their losses. This deception made it difficult to ascertain the real situation of the banks and financial institutions, leading to a lack of confidence in the market. If better accounting standards had been introduced, this could have been avoided.

4. Encouraging greater transparency: The financial crisis of 2008 was partly caused by a lack of transparency in the market. If regulators had encouraged greater transparency, there would have been more information available to investors, which could have led to greater confidence in the market.

5. Regulating credit rating agencies: Credit rating agencies played a significant role in the financial crisis of 2008. They gave high ratings to toxic financial products, which misled investors and led to the collapse of the market. If credit rating agencies were regulated more effectively, they would not have been able to give high ratings to risky products, and the market would have been more stable.

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Gatorade countered its Target Audience’s (TA’s) negative experience by offsetting product weaknesses with product development.

A target audience is the intended audience or also known as the readership of a advertisement, publication,or other message catered specifically to said intended audience. A target audience is a share of consumers which business directs is trying to reach by their advertising efforts.

By offsetting the product weaknesses with the product development, Gatorade countered its Target Audience’s (TA’s). Product development is considered as a series of steps which thus includes the design, conceptualization, development and marketing of newly created or newly rebranded goods or services.

Hence, option A is correct.

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Answer:

A. Incremental cost to make $32,000

Incremental cost to buy $30,000

B. Bacrometer should NOT continue to make part no. 566

Explanation:

a. Computation for the incremental cost to make with the incremental cost to buy.

Calculation for Incremental cost to make

Using this formula

Incremental cost to make = Opportunity cost + Variable cost of making

Let plug in the formula

Incremental cost to make= $8,000 + (6,000 x $4)

Incremental cost to make=$8,000+$24,000

Incremental cost to make = $32,000

Therefore Incremental cost to make is $32,000

Calculation for Incremental cost to buy using this formula

Incremental cost to buy = Purchase price per unit x Number of units purchased

Let plug in the formula

Incremental cost to buy= $5 x 6,000

Incremental cost to buy= $30,000

Therefore Incremental cost to buy is $30,000

b. Based on the above calculation Bacrometer should NOT continue to make part no. 566 reason been that the incremental cost to make which has the amount of $32,000 is higher than the incremental cost to buy which has the amount of $30,000.

Being unbanked has become an increasingly common situation for many individuals in recent years. An unbanked person is someone who has no financial account with any institution. Individuals may choose to be unbanked for a variety of reasons, including a lack of trust in banks due to poor customer service or a negative experience.

A person may have experienced a bad encounter with a bank employee and choose to leave the bank and seek other banking options. They may also be unable to maintain a minimum balance in their bank account, and banks may impose fees for accounts that fall below a certain amount. It can be inconvenient to have to travel to a bank to withdraw money, especially if the nearest bank is far away. Additionally, the time spent waiting in line at a bank can be tedious, and it can be difficult to fit into a busy schedule.

There are alternatives to traditional banks that may be more convenient and better suit the needs of unbanked individuals. Credit unions, for example, offer similar services as banks but are often smaller and more focused on serving the community. Mobile banking apps have also become increasingly popular, offering services such as depositing checks and transferring money.

The use of prepaid debit cards is another option that allows for the convenience of a card without the need for a traditional bank account. The unbanked may also benefit from budgeting tools and financial literacy resources, which can help them make informed financial decisions and take control of their finances. Overall, being unbanked does not mean that an individual cannot access financial services or manage their money effectively.

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