a. right to participate in the partnership business. b. duty of care with respect to events that occurred before dissociation. c. liability on contracts signed before the dissociation. d. right to have his interest in the partnership purchased by the firm.

Answers

Answer 1

The options a, b, c, and d all refer to different aspects of a partner's rights and responsibilities in a partnership.

a. The right to participate in the partnership business means that a partner has the right to be involved in the decision-making process and management of the partnership.

b. The duty of care with respect to events that occurred before dissociation means that a partner is still responsible for any actions or decisions made before leaving the partnership. They are required to fulfill any obligations or liabilities that arose during their time in the partnership.

c. Liability on contracts signed before the dissociation means that a partner can still be held liable for contracts entered into by the partnership before their dissociation. They may be responsible for fulfilling the terms of those contracts even after leaving the partnership.

d. The right to have their interest in the partnership purchased by the firm means that a partner has the right to sell their ownership stake in the partnership to the other partners or the partnership itself.


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Related Questions

digital technologies have caused a massive shift in how and where people buy, today's retailers must adopt what retailing strategy to address the new retailing model?

Answers

The digital transformation of retail can increase customer happiness and retention by giving customers the goods and services they want.

Digital technologies  what are they?

Digital technologies are any techniques, systems, equipment, or resources that produce, store, or process data electronically. Social media, online games, multimedia, and mobile phones are popular examples. Any sort of learning that employs technology is considered digital learning.

What alterations has technology made to the retail sector?

The purchasing experience is more effective, more individualized, and more practical thanks to mobile technologies. Any retailer must focus on providing satisfying customer experiences. Mobile apps can speed up checkout procedures, assist customers find products, and provide customer care. The bottom line of the retailer also gains from this.

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Question #2: Why should we simplify expressions in algebra Using race

Answers

Answer:

Why should we simplify expressions in algebra Using race?

Learning how to simplify an expression is the most important step in understanding and mastering algebra. Simplification of expressions is a handy mathematics skill because it allows us to change complex or awkward expressions into simpler and compact forms.

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Because it’s ok just did dis is wow whe he so did dis Avis sus us dis d da dis dis dis

a student is asked to inspect and write a report on the rise in prices over the past 20 years using information from various reports that are available. what type of writing assignment does he undertake?

Answers

A student is required to research and prepare a report on the price increase over the previous 20 years utilizing data from public sources. He usually writes position papers for his assignments.

A position paper is what?

A position paper offers a debatable viewpoint on a subject. The purpose of a position paper is to persuade the audience that your viewpoint is credible and deserving of their attention. You must carefully study the concepts you are contemplating before deciding on a topic, formulating your argument, and setting up your paper.

What is the position paper's primary goal?

The purpose of a position paper would be to persuade the audience that your viewpoint is credible and deserving of their attention. It is crucial to focus on the issue's essential elements and explain them in a way that is simple for the audience to comprehend.

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If the current interest rate is below the equilibrium rate, the: A. supply of non-monetary financial assets is greater than the demand for them. B. demand for non-monetary financial assets is greater than the supply. C. Surplus of money will cause interest rates to rise. D. supply of money is greater than the demand. E. money market is in equilibrium.

Answers

If the current interest rate is below the equilibrium rate, the supply of non-monetary financial assets is greater than the demand for them.

What does it mean when interest rate is below the equilibrium rate?

Interest rate can be described as the cost of borrowing. It is the cost of accessing funds. When interest rate is below the equilibrium rate, it means that there is less money in circulation. As a result, the supply of non-monetary financial assets is greater than the demand for them.

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The economy is currently in long-run equilibrium. If the central bank increases the money supply, in the long run the price level will:.

Answers

The economic system is currently in long-run equilibrium. If the central bank increases the money supply, in the long operated the price level will be raised. The reason of increase in price level is the increase in national  output level.

What happens when an economy is in long run equilibrium?

When an economy is said to be in long run equilibrium, Real GDP is at its productive capacity, the number of unemployed equals the natural rate of unemployment, it could be approximately 6% and the overall price level equals the expected price level.

Thus, the money supply, in the long operated the price level will be raised.

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Purchase-Related Transactions


The Wheatland Company purchased merchandise on account from a supplier for $30,000, terms 1/10, n/30. The Wheatland Company returned $8,000 of the merchandise and received full credit.


a. What is the amount of cash required for the payment within the discount period?

$

fill in the blank 1


b. Under a perpetual inventory system, what account is credited by The Wheatland Company to record the return?

Answers

Therefore, the amount of cash required for the payment within the discount period is $21,780 ($22,000 - $220).

a. To calculate the amount of cash required for the payment within the discount period, we need to subtract the discount from the total amount due:

Amount due = $30,000 - $8,000 = $22,000

Discount amount = 1% of $22,000 = $220

Therefore, the amount of cash required for the payment within the discount period is $21,780 ($22,000 - $220).

b. Under a perpetual inventory system, The Wheatland Company would credit the Accounts Payable account to record the return. This is because the return reduces the amount owed to the supplier for the original purchase. If the company had already paid the supplier, it would instead credit the Purchase Returns and Allowances account to record the return.

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A proposed cost-saving device has an installed cost of $690,000. It is in Class 8 (CCA rate=20%) for CCA purposes. It will actually function for five years, at which time it will have no value. There are no working capital consequences from the investment, and the tax rate is 35%. a. What must the pre-tax cost savings be for us to favour the investment? We require an 12% return. (Hint: This one is a variation on the problem of setting a bid price.) (Do not round your intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Cost savings b. Suppose the device will be worth $97,000 in salvage (before taxes). How does this change your answer? (Do not round your Intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Cost savings____

Answers

To determine whether to favor the investment in a cost-saving device, we need to calculate the pre-tax cost savings required to achieve a 12% return. The initial investment cost is $690,000, and the device falls under Class 8 with a CCA rate of 20%.

a. To calculate the pre-tax cost savings required to favor the investment, we need to find the present value of the cash flows generated by the cost savings. The cash flows will be the difference between the before-tax cost savings and the tax paid on those savings. The required return is 12%.

Using the formula for present value, we can find the pre-tax cost savings that will yield a 12% return on the investment. The present value of the cost savings can be calculated by discounting the cash flows using the required return. By comparing the present value of the cost savings to the initial investment cost, we can determine if the investment is favorable.

b. If the device has a salvage value of $97,000 before taxes, it will affect the cash flows at the end of the device's useful life. The salvage value needs to be considered in the calculation of the pre-tax cost savings. The salvage value will reduce the net cash outflow at the end of the project, resulting in a lower pre-tax cost savings required to favor the investment.

By including the salvage value in the cash flow calculations, we can recalculate the pre-tax cost savings required to achieve a 12% return. The present value of the cost savings will be adjusted to reflect the salvage value, and the comparison to the initial investment cost will determine if the investment is favorable.

Considering these factors, the analysis will provide insights into whether the investment in the cost-saving device is financially viable and meets the required return threshold.

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Which kids tv show featured international rescue, an organisation run by the tracy family?

Answers

Thunderbirds featured international rescue, an organisation run by the tracy family.

Thunderbirds is a British sci fi television series developed by Gerry and Sylvia Anderson, produced by AP Films and distributed by ITC Amusement. It was created between 1964 and 1966 using an electronic marionette puppetry technique called "Supermarionation" in conjunction with magnitude model special effects action scenes.

Production ended with the finalisation of the seventh episode of the season 2 after Lew Degree, the Andersons' funder, failed in his contract offer to sell the development program to American network tv. Thunderbirds, set in the 2060s, is a sequel to the earlier Supermarionation films Four Tassel Falls, Supercar, Fireball XL5, and Stingray.

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Using the data in GPA2.RAW on 4,137 college students, the following equation was estimated by OLS:
= 1.392 - .0135 hsperc + .00148 sat n = 4,137, R2 = .273,
where colgpa is measured on a four-point scale, hsperc is the percentile in the high school graduating class (defined so that, for example, hsperc = 5 means the top 5% of the class), and sat is the combined math and verbal scores on the student achievement test.
(i) Why does it make sense for the coefficient on hsperc to be negative?
(ii) What is the predicted college GPA when hsperc = 20 and sat = 1,050?
(iii) Suppose that two high school graduates, A and B, graduated in the same percentile from high school, but Student A's SAT score was 140 points higher (about one standard deviation in the sample). What is the predicted difference in college GPA for these two students? Is the difference large?
(iv) Holding hsperc fixed, what difference in SAT scores leads to a predicted colgpa difference of .50, or one-half of a grade point?

Answers

The partial correlation coefficient between colgpa and hsperc takes into account the other variables in the model, particularly sat.

It is sensible for the coefficient on hsperc to be negative because of the partial correlation coefficient between colgpa and hsperc. In order to explain why it makes sense for the coefficient on hsperc to be negative, we first need to understand the meaning of the variables in the equation. colgpa is measured on a four-point scale. hsperc is the percentile in the high school graduating class (defined so that, for example, hsperc = 5 means the top 5% of the class), and sat is the combined math and verbal scores on the student achievement test. e OLS model was estimated using 4,137 college students.

The coefficient on hsperc is negative because a higher percentile in the high school graduating class does not necessarily mean that the student will perform better in college. The combined effect of hsperc and sat on colgpa was considered in the model. Although hsperc and sat may be positively correlated with colgpa on their own, it's possible that the effect of hsperc may be negative when sat is taken into account. Thus, the coefficient on hsperc is negative, indicating that the higher the percentile in the high school graduating class, the lower the colgpa score.

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Click this link to view O*NET's Work Activities section for Registered Nurses. Note that common activities are listed
toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some
common work activities performed by Registered Nurses? Check all that apply.
communicating with supervisors, peers, or subordinates
making decisions and solving problems
repairing and maintaining mechanical equipment
drafting technical devices
assisting and caring for others
O documenting/recording information

Answers

Answer:

acdf

Explanation:

Answer:

C,D,E

Explanation:

right on Edge

what is a corporate bond issued and supported only by the general credit standing of the issuing corporation called? this type of bond is not backed by any assets of the company. a. a term bond. b. a debenture. c. an indebenture. d. a serial bond.

Answers

The right response is B, "a debenture." A debenture is a sort of corporate bond that depends only on the overall creditworthiness and financial strength of the issuing firm and is not backed.

by any specific company assets. Debentures are considered unsecured debt and often have a higher interest rate than secured bonds to compensate for the additional risk to investors. Debentures are a popular way for businesses to raise capital for a range of uses, including operating costs, investing in business expansion, or refinancing existing debt. They are available to institutional investors and private investors wishing to diversify their investment portfolios since they are frequently issued in high denominations and traded on the bond market.

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the step-down method of allocating service department costs:multiple choiceis a less accurate method of allocation than the direct method.can't be used when a company has more than two service departments.is a simpler allocation method than the direct method.ignores some interdepartmental services.

Answers

The step-down method of allocating service department costs ignores some interdepartmental services. Option D.

The sequential technique is another name for the step-down approach. The costs of some service departments are distributed to other service departments using this technique, but once a service department's costs have been distributed, they are never returned.

It's crucial to choose which section to launch with. The final cost distribution to the production departments is typically impacted by the order in which the service departments are assigned, with some production departments benefiting and others suffering when the order is altered.

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please help me this is so tricky…
List two reasons why time is important to consumers.

(THIS IS FROM MY TEST FROM FRIDAY BUT TODAY I’M COMPLETING THIS UNTIL MONDAY BUT YOU CAN STILL GIVE ME THE ANSWER)

Answers

Explanation:

1. Without time a consumer cannot make purchases

2. It allows a consumer ger their debit alert to know how much they bought

Seller Vincent decided to let the listing agreement he had with broker Bob expire and sell the property himself. Prospective buyers who looked at Vincent's farm twice while Bob had the listing remained interested in the property, and they want to buy the farm from Vincent directly. Does Bob retain any interest in this transaction

Answers

Yes, Bob does retain interest in this transaction as he registered under safeguard terms. because the protection clause suggest:-

A former agent is additionally obligated to the buyer registered under the protection provision in the listing agreement if the seller is shown the property by an agent within the listing term as the listing expires. The seller will still be required to pay the agent's fee if a protected buyer tries to make a direct purchase from them while the protection period is still in effect.

What is the purpose of a protection clause?A safety protection provision is intended to guarantee that a broker gets paid fairly for their services and to prohibit buyers' and sellers' collusion. A contingency known as a broker protection clause, sometimes known as a safety clause or extension clause, is present in listing agent contracts. This provision states that in some circumstances, even if the house sells after their listing has expired, the seller will pay the listing agent commission fees.

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Which of the following is not part of the balance of payments

Which of the following is not part of the balance of payments

Answers

Option (d), Each is taken into account in the payment balance. The balance of payments is composed of three components: the current account, capital account, and finance account.

What is excluded from the balance of payments?

The current account of the balance of payments does not include investments. The current account of payment balance is calculated by averaging the balance of trade, netfactor income, and net transfer payment. Current account for the BOP is either positive, indicating a surplus, or negative, indicating a deficit.

Economic surplus is one of the balance of payments' components, right?

The trade of goods and services affects the country's balance of payments. If a country is able to export more goods and services than it can import, it is said to be in a surplus.

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with employee-monitoring systems, managers can supervise employees' work speeds.

Answers

Employee-monitoring systems help managers to supervise employees' work speeds.What is Employee monitoring?Employee monitoring refers to the process by which employers observe and track their employees' work-related activities.

Employee monitoring is intended to ensure that employees are being productive and adhering to company regulations and procedures. It also ensures that the workplace is free of harassment, discrimination, and other types of inappropriate behavior.Employee-monitoring systems are used to supervise employees' work speeds by enabling managers to observe their work patterns and output. These systems keep track of a range of data, including the amount of time spent on specific tasks, the number of keystrokes or mouse clicks made during a given period, and the amount of data transferred during a particular session.

Employee-monitoring systems also make it easier for managers to identify and address performance issues, such as missed deadlines or poor quality work. They can use the data collected by the system to provide feedback and coaching to employees, which can help them improve their performance and productivity.The use of employee-monitoring systems raises concerns about privacy and the potential for abuse. However, as long as employers are transparent about their use of such systems and provide clear policies and procedures, they can be an effective tool for ensuring workplace productivity and compliance with regulations.

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Which is true of community cloud computing?

a.
The costs are spread over fewer users than with a public cloud.

b.
It offers higher security as compared to private clouds.

c.
The infrastructure can be owned by just one organization.

d.
It exposes mission-critical applications and data to the outside world.

Another commonly used name for collaborative computing is _____ computing.

a.
group

b.
analysis

c.
GIS

d.
DSS

Answers

The truth that can be said about community cloud computing is : The costs are spread over fewer users than with a public cloud. Option A.

Another commonly used name for collaborative computing is group computing. Option A.

What is community cloud computing?

A community cloud computing initiative is characterized as a cooperative undertaking in which infrastructure is not owned by a single entity but rather shared by a number of organizations with related issues. Compared to a public cloud, fewer users are responsible for the costs. It does not, however, give the same level of tight security as a private cloud offers. Consequently, the appropriate choice is (a). The other suggestions regarding a community cloud are all false.

Groupware computing and group computing are other names for collaborative computing. It enables a group of people to exchange information. It makes it possible for team-based enterprises to expand. Consequently, the appropriate choice is (a). None of the other choices are considered collaborative computing, hence they are all incorrect.

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under the contract between kramer and sweeney, what happens if the first contract between kramer and wright does not terminate by may 20?

Answers

If the first contract between Kramer and Wright does not terminate by May 20, it would impact the contract between Kramer and Sweeney.

In the scenario where the first contract between Kramer and Wright does not terminate by the specified date of May 20, it can have implications for the subsequent contract between Kramer and Sweeney. The contract between Kramer and Sweeney may have included a condition or dependency on the termination or completion of the first contract. If that condition is not met, it could potentially delay or affect the execution of the contract between Kramer and Sweeney.

The specifics of the impact would depend on the terms and clauses outlined in the contract between Kramer and Sweeney. It is possible that the contract may have provisions for a contingency plan or alternative actions to be taken in the event of non-termination of the first contract.

These provisions could include renegotiation of terms, extension of deadlines, or even termination of the contract between Kramer and Sweeney if the non-termination of the first contract fundamentally alters the intended purpose or feasibility of the subsequent agreement.

To fully understand the consequences of the first contract not terminating by May 20 and its impact on the contract between Kramer and Sweeney, a careful review of both contracts and their specific terms would be necessary.

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what is something that employers should realize when it comes to checking an applicant's references?

Answers

Employers should realize when checking an applicant's references is: Many organizations will not release details about the quality of a previous employee's work. The correct option is C.

It's important for employers to understand that some organizations have policies in place that limit the amount of information they can provide about a former employee. This is often due to privacy concerns or potential legal issues.

Employers should be prepared for this possibility and consider using other methods to evaluate an applicant's qualifications, such as conducting interviews, administering skills tests, or reviewing work samples.

Additionally, employers should always respect the privacy and rights of applicants and avoid engaging in unethical or illegal practices, such as conducting unauthorized background checks or social media searches. Remember to follow proper procedures and guidelines when conducting reference checks to ensure a fair and effective hiring process.

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Complete question:

What is something that employers should realize when it comes to checking an applicant's references?

Multiple Choice:

a. Many organizations will not release details about the quality of a previous employee's work.

b. Engaging in continual background checks on employees is unethical.

c. Internet searches of an applicant's social media activities is illegal.

d. Reference checks should only be done after an applicant is hired.

e. Conducting extensive background checks is unnecessary.

how should you protect a printed classified document when it is not in use

Answers

Classified information can be stored in a locked security container when they're not in use.

Classified information refers to the material that contains sensitive information and is protected by the government.

Classified information is the information that is protected against unauthorized disclosure.

In order to keep printed classified information, they can be stored in a locked security container when they're not in use. This is essential in order to prevent unauthorized access to the information.

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the magnitude of operating leverage for perkins corporation is 4.5 when sales are $100,000. if sales increase to $110,000, profits would be expected to increase by what percent? a. 4.5% b.14.5% c.45% d.10%

Answers

It would be anticipated that the profit would rise by 45%. The appropriate response to the given question is option (c).

What is Operating Leverage?

The percentage of a company's cost structure that is made up of fixed expenses as opposed to variable costs is measured by operating leverage. A corporation is said to have more operating leverage if its fixed expenses are higher than its variable costs.

Magnitude of operating leverage= 4.5

Old sales= $100000

New sales= $110000

Percentage increase in sales:

(New-old)/old = (110,000-100,000)/100,000

                       = 10%

Consequently, a percentage rise in profit might be anticipated:

sales percentage growth times the degree of operational leverage

                        = 10% * 4.5

                        = 45%

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If the real interest rate in the united states increases relative to that of the rest of the world, capital should flow:.

Answers

If the real interest rate in the United states increases relative to that of the rest of the world, capital flow should increase.

What happens when the real interest rate increase?

Real interest rate is the rate earned by those who give out their monies to businesses. The real interest rate has been adjusted for inflation.

When the real interest rate increases, the return earned by investors increase. This would encourage investors to increase their investment in the United States. As a result,  capital flow should increase.

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Multiple choice-- finances/economics-- help!
Joseph wants to invest money for a very long time. He doesn’t need the money back within any specific timeframe. He would like a very low-risk investment because he doesn’t want to lose any money. Which type of investment will BEST fit Joseph’s needs?
Group of answer choices

certificate of deposit

bond

401k

money market mutual fund

Answers

Answer:

certificate of deposit.

Explanation:

Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.

Generally, money supply comprises of checks, cash, money market mutual funds (MMF) and credit (mortgage, bonds and loans).

In this scenario, Joseph wants to invest his money for a very long time and would like a very low-risk investment because he doesn’t want to lose any amount of money. Thus, the type of investment which will best fit Joseph’s needs is a certificate of deposit.

A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.

Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.

Additionally, a bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000, eliminating the chance of a holder such as Joseph to lose any money.

Answer: it is NOT certificate of deposit

Explanation:

Just used that on the test and it was wrong


Conduct thorough research on the following questions and provide a concise response:
(a) Why is teamwork important in business?

(b) How can employers help facilitate successful teamwork?

Answers

A. Businesses prosper when they have a diverse team of individuals who can add unique perspectives. Problems are easier to solve when people work together. Collaboration within a community will aid in the resolution of difficult issues. Brainstorming is an excellent way for the team to share ideas and come up with innovative solutions.
B. People should be rewarded for collaborating and contributing. Let them know how much you appreciate their thoughts and efforts. Employees would be more engaged, inspired, and invested in the organization's success if they are active in every step of decision-making.

how can you find the weights to be used for the wacc, and which are more appropriate (market versus book)?

Answers

The equity amount used in the weight calculation should be consistent with the total equity as reported in the company's financial statements.

The weights used in the WACC calculation should be consistent with the financial data used in the analysis. For example, if the cost of debt is based on the interest rate on the company's outstanding debt, the corresponding debt amount used in the weight calculation should also be based on the outstanding.

The weights used in calculating the Weighted Average Cost of Capital (WACC) represent the proportion of a company's financing that comes from different sources. Typically, these sources include debt and equity, but other forms of financing, such as preferred stock, may also be included.

The weights used for the WACC calculation can be determined based on either the market value or the book value of each source of financing. The market value of a company's financing represents the current market price of its equity and the present value of its debt. The book value, on the other hand, represents the value of the financing as reported in the company's financial statements.

The choice between using market value versus book value weights in the WACC calculation depends on the specific circumstances of the company and the purpose of the analysis. In general, market value weights are considered more appropriate because they reflect the current market prices and investor perceptions of the company's financing. However, there are some situations where book value weights may be more appropriate, such as when the company has a stable capital structure and its market value and book value weights are similar.

To calculate the market value weights, the market value of equity is divided by the sum of the market value of equity and the market value of debt. To calculate the book value weights, the book value of equity is divided by the sum of the book value of equity and the book value of debt.

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what is a short term investment that is considered highly liquid

Answers

Answer: typically investments that have short-term maturities of less than 90 days and are considered liquid assets.

Explanation:  because they can be readily converted to cash. ... Mutual funds are considered liquid since investors.

Answer:

Cash Equivalents

Explanation:

Cash equivalents are short-term investments that are considered liquid, which means investors can exchange them for money quickly without a big change in value.

Samantha deposits $1,500 into the Park Street Bank. The account pays 1.12% annual interest, compounded daily. To the nearest cent, how much is in the account at the end of three non-leap years?

Answers

Answer:

=$1,551.255

Explanation:

The amount can be calculates using the formula

A = p x ( 1 + r) ^n

Where A = Amount

P= principal: $1500

r=1.12% or 0.0112 per year.  Dairy interest rate = 0.0112/365

n = 365 days x 3 = 1095

A= 1500 x( 1 + 0.0112/365)^1095

A =$1500 x ( 1.00003068493)^1095

A =$1500 x 1.034170

A =$1,551.255

which statement is true? question 24 options: 1) an information vision is the same as an it architecture. 2) operational is plans precede strategic is planning. 3) a critical success factor (csf) technique is a tool to support strategic is planning. 4) none of these

Answers

Analyze the current situation. Create a purpose and vision statement.

Create the overall strategy, as well as the operational, tactical, and strategic plans. Provide options for matching. Keep strategic command. Great leaders are aware that managers must evaluate the company's existing reality, its competitors, and its economic status, as well as microeconomics and macroeconomic issues. The definitions of the goal and vision, as well as the values that will serve as the moral "pillars" of the business, must then come first in the strategic planning process. Goal-setting, goal-achieving methods, and tactic-revealing strategies follow, providing the specifics on how to carry out those goals. The first stage in the information system is to assess the organization's strategic plan so that we can quickly determine the primary goal and difficulty. It is essentially archived by including the specific purpose and function in the organization's information system strategy.

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In your own words, explain why we pay taxes.

Answers

Answer: To help support public schools and the economy.

Explanation:

What does the phrase “last in, first out” mean?

Answers

Explanation:

LIFO stands for “Last-In, First-Out”. It is a method used for cost flow assumption purposes in the cost of goods sold calculation. The LIFO method assumes that the most recent products added to a company's inventory have been sold first. The costs paid for those recent products are the ones used in the calculation.

Other Questions
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