Borrowing from the bank to take advantage of the discount is not recommended, as the cost of borrowing with the bank's interest would be higher than the discounted amount.
Clark's Landscaping bills customers subject to terms 3/10, n/50. This means that customers are eligible for a 3% discount if payment is made within 10 days. Otherwise, the full amount is due within 50 days. The customer is considering borrowing from the bank to take advantage of the discount.
To determine if the customer should borrow from the bank, we need to calculate the cost of borrowing and compare it to the discount. The bank charges 15% interest.Let's assume the customer has a bill of $100. If they take the discount, they would pay $100 - (3% * $100) = $97. However, if they don't take the discount, they would pay the full $100.
If the customer chooses to borrow from the bank, they would have to repay the borrowed amount plus the interest. In this case, they would borrow $97 (the discounted amount) and repay $97 + (15% * $97) = $111.55.
Comparing the two scenarios, we see that if the customer borrows from the bank, they would pay $111.55, which is higher than the full amount of $100. Therefore, it is not recommended for the customer to borrow from the bank to take advantage of the discount.
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Which "class" of fires consists of flammable liquids including stove alcohol, gasoline and diesel?.
The class of fires that includes those caused by flammable liquids such as alcohol and diesel is Class B fires.
What are class B fires?These are those fires that are caused by combustible liquids that are capable to spreading fire quickly.
The liquids include alcohol, gasoline, and diesel. Such fires and recommended to be best put out by smothering the flames.
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PLEASE ANSWER
How do economists refer to deficits?
A) global value chain
B) negative balance of trade
C) positive balance of trade
D) comparative advantage
Global value chain
Explanation:
What talents are helpful for the Arts, AV Technology and Communication Cluster? PLEASE HELP!!
WILL GIVE BRAINLIEST ! ! ! ! !
1. Your older sister, Anna is trying to figure out how she's going to pay for college in the
Fall. Anna is going over her options with you one night and she narrows it down to
either putting her college education on your parents' credit card or taking out a
student loan. Which one would you suggest and why?
I
2. Anna then tells you a story about her friend, Chad. Chad has a Target credit card that
he opened a few months ago. The other day he tried to use his credit card to buy
popcom at the movies, but it was denied. Explain to your sister why this happened.
5) Si tuvieras que hacer un presupuesto de Ingresos y uno de Gastos ¿Cuál harías primero y que te sirva de base para hacer el otro? Explica tu respuesta
Answer:
Si tuviese que hacer un presupuesto de ingresos y uno de gastos, primero haría el de ingresos. Así, podría tener en cuenta la cantidad de dinero que mes a mes ingresa en mi patrimonio y de esta manera organizar mis gastos teniendo en cuenta no gastar mas dinero del que gano mensualmente.
Si, en cambio, organizara mis gastos antes que mis ingresos, me vería limitado posteriormente a realizar algunos gastos dado que no habría contemplado mi liquidez financiera mensual.
Which of the following is not one of the reasons for financial failure? A. Ignorance of current tax laws B. Failure to establish definite goals C. Procrastination D. Investments in mutual funds
Investments in mutual funds is not one of the reasons for financial failure. Hence, option D is correct.
What is Investments in mutual funds?A mutual fund is a business that collects money from many different sources and uses it to buy securities like stocks, bonds, and short-term loans. All of a mutual fund's holdings are referred to as its portfolio. Investors buy shares of mutual funds.
Mutual funds are typically seen as safe investments with little risk and a great method for investors to diversify. When it comes to fees, a mutual fund might not always be the greatest choice for a market participant.
Although there are many different types of mutual funds, most of them fall into one of four basic categories: stock funds, money market funds, bond funds, and target-date funds.
Thus, option D is correct.
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The price of gas, which started at $2. 56 per gallon, increased at a rate of 4% per year.
The function would be: P(t) = \(2.56(1 + 0.04)^t\). The function that models the situation is P(t) = \(A(1 + r)^t\), where P(t) is the price of gas after t years, A is the initial price of $2.56 per gallon, and r is the rate of increase at 4% per year (expressed as a decimal).
The function P(t) = \(A(1 + r)^t\) is a mathematical model that describes how a value (in this case, the price of gas) changes over time. The variable t represents the number of years that have passed since the initial price of gas was $2.56 per gallon. The variable A represents that initial price, and the variable r represents the rate of increase, which is 4% per year in this case.
So the function would be: P(t) = \(2.56(1 + 0.04)^t\)
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1. When would a corporation make sense for a business, such as a construction company?
Answer:
when they can make profits
Explanation:
A corporation simply refers to a company that can be for-profit or non-profit that is authorized and recognized to act as a separate entity in law.
Thus, for a corporation to be categorized or make sense as a business it needs to fulfill the main objective of a business, which is profit-making. By so doing, the construction company would make sense for a business.
Toby has been the HR director for a paper manufacturing company for more than ten years, and he has seen his role in the organization grow substantially throughout that time. When he first started, the HR department consisted only of himself and one assistant. He spent most of his time recruiting and selecting employees as well as on the performance management system. Now, Toby has a staff of eight individuals who in addition to the traditional responsibilities, handles compensation, employee development, training, and retention efforts. Toby is happy to have a staff that has helped the HR function grow successfully and play a bigger role in the company. Recently, Toby sat down with the executive team to discuss the possibility of downsizing due to severe economic changes in their area. Toby wanted to make sure the executive team was all on the same page and coordinating effectively, so he facilitated a group building session before tackling the issue in front of them. He understands the impact external factors can have on company operations, and wants to make sure the company plans ahead to address any changing needs in the future. Given the nature of the paper industry, Toby knows that a downturn in the economy could influence sales and financial performance of the company. Toby collects data from current sources within and outside of the organization and analyzes the information to make recommendations. The executive team welcomes his input and finds it very valuable. They ask Toby to develop a change management and succession plan to make sure the organization can continue to be successful in the future. Toby maintains confidentiality as he goes through the HR planning process of managing reductions in the workforce as well as balancing the needs of a diverse group of employees. By effectively listening to issues and helping senior leaders deliver information about processes in the company and creating an exchange of information about difficult topics in the company, Toby is showing his competency in which of the following? Critical Evaluation Business Acumen HR Technical Expertise Communications
Toby is demonstrating his competency in multiple areas, including Critical Evaluation, Business Acumen, HR Technical Expertise, and Communications.
Critical Evaluation: Toby collects and analyzes data from various sources, both internal and external, to assess the impact of external factors on company operations. This demonstrates his ability to critically evaluate information and make informed recommendations based on his analysis.
Business Acumen: Toby recognizes the potential impact of a downturn in the economy on the paper industry and the company's sales and financial performance. He understands the need to plan ahead and develop strategies to address changing needs. This reflects his business acumen and understanding of the industry and its challenges.
HR Technical Expertise: Toby's role as the HR director requires him to have a deep understanding of HR practices and processes. Over the years, he has expanded the HR department and diversified its responsibilities, including compensation, employee development, training, and retention efforts.
Communications: Toby facilitates a group building session with the executive team to ensure they are on the same page and coordinating effectively.
Overall, Toby's competency in Critical Evaluation, Business Acumen, HR Technical Expertise, and Communications enables him to effectively address organizational challenges, develop change management plans, and contribute valuable insights to the executive team.
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If an existing reorder point is increased, which of the following would be true? I. Safety stock is increased. II. The lead time on the item being ordered is increased III. Average inventory levels are decreased. a) I only b) II only c III only d) I and II e) I, II and III 7. Which of the following statements is (are) true? I. The two basic issues in inventory are how much to order and when to order. II. Using the Economic Order Quantity (EOQ) model, the higher an item's carrying costs, the more frequently it will be ordered. III. The smaller the order size, the higher the average level of inventory in the system. a) I only b) II only c) III only d) II and III e) I andI
If an existing reorder point is increased, the following statements would be true: I. Safety stock is increased. II. The lead time on the item being ordered is increased. III. Average inventory levels are decreased.
When the reorder point is increased, it means that the inventory level at which a new order is placed is raised. This has several implications:
I. Safety stock is increased: Safety stock is the extra inventory held to mitigate unexpected demand fluctuations or delays in replenishment. By increasing the reorder point, the safety stock level also increases to provide a buffer against stockouts during lead time or unexpected variations in demand.
II. The lead time on the item being ordered is increased: The lead time is the duration between placing an order and receiving the replenishment. If the reorder point is increased, it implies that orders will be placed at higher inventory levels, which leads to longer lead times as it takes more time to deplete inventory and trigger a reorder.
III. Average inventory levels are decreased: With a higher reorder point, orders are placed less frequently but for larger quantities. This reduces the average inventory level in the system since there will be fewer replenishment orders in a given period.
Therefore, the correct answer is d) I and II for the first question and e) I and II for the second question.
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Do you think large multinational corporations in general like Wal-Mart, Apple, McDonalds and Frito Lay are good or bad for the world? Is "globalization" another word for “Americanization”? Why or why not? (3 points) Explain using complete sentences.
Answer:
I think multinational corporations in like these are bad. Because even people on diets or trying to diet, and people buy it for them not knowing its hard for them to say no.
Explanation:
1. Make a list of 5 products that you have purchased recently. Label each item in your list with what category of product it is based on durability and consumer buying habits
This categories listed are based on the assumption that the products are intended for personal use rather than commercial use.
Any good or service you offer to satisfy a customer's need or desire is a product. There are both real and virtual ones. Durable things, such as automobiles, furniture, and computers, are examples of physical products. A product is also the thing that is being sold.It might take on a physical, virtual, or cyber form.
Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that may be charged.nondurable products (such as food and drinks).
Here are five products that I recently purchased, along with their category based on durability and consumer buying habits:
With labels:
Apple iPhone 12 Pro - Electronics
Dole Bananas - Fresh produce
Seventh Generation Laundry Detergent - Household cleaning supplies
Chobani Greek Yogurt - Packaged food
Fresh Direct Grocery Delivery - Food and groceries
The categories listed are based on the assumption that the products are intended for personal use rather than commercial use.
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what is Computing depreciation, net book value, and gain or loss
on asset sale.
can you explain about it with five hunderd words and zero
plgrsam!!
Computing depreciation, net book value, and gain or loss on asset sale are important concepts in accounting and finance. Let's break them down one by one:
Depreciation:
Depreciation is the gradual decrease in the value of an asset over time. It is a way to allocate the cost of an asset over its useful life. There are various methods to calculate depreciation, such as straight-line depreciation, declining balance method, and sum-of-the-years'-digits method. The main idea behind depreciation is to match the cost of the asset with the revenue it generates over its useful life.
Net Book Value:
Net book value, also known as carrying value or net asset value, is the value of an asset after subtracting accumulated depreciation. It represents the value of the asset on the balance sheet and is calculated by subtracting the accumulated depreciation from the original cost of the asset. Net book value helps determine the remaining value of the asset at a specific point in time.
Gain or Loss on Asset Sale:
When an asset is sold, the gain or loss on the sale is calculated by comparing the selling price of the asset with its net book value. If the selling price is higher than the net book value, a gain is realized. Conversely, if the selling price is lower than the net book value, a loss is incurred. This gain or loss is reported in the income statement and affects the overall profitability of the business.
Computing depreciation involves calculating the decrease in the value of an asset over time. Net book value is the value of an asset after subtracting accumulated depreciation. Gain or loss on asset sale is determined by comparing the selling price of an asset with its net book value. These concepts are essential in accounting and finance as they help determine the value of assets and analyze the financial performance of a business.
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Which sentences identity the investing activities of a cash slow statement?
Tyler Enterprises has achieved remarkable growth in the past five years. Qualified accountants have prepared and analyzed the cash flow statement to
offer financial advice to help safeguard the future of the business. It includes details of the amount of cash flowing into and out of the business. The
statement begins with the amount of revenue that the sales team has brought in. It also involves the corresponding marketing campaign costs incurred
in the promotional exhibition. The profit was declared to the shareholders in the form of dividends. The production team undertook projects that involved
installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of
an old division of packing material were sold off in order to concentrate solely on present business. Old investors were issued stocks when their
convertible bonds attained maturity. Some of the old machineries in the production line were sold off as scrap while rest was revamped
The sentences that identify the investing activities of a cash slow statement are - The production team undertook projects that involved installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of an old division of packing material were sold off in order to concentrate solely on present business. Some of the old machineries in the production line were sold off as scrap.
What are investing activities?Investing activities include the acquisition of physical assets, the purchase of securities, and the sale of securities or assets. Cash flow from investing activities includes long-term cash uses.
Negative cash flow from investing activities may not be a bad sign if management is investing in the company's long-term health.
Therefore, the sentences mentioned above identity the investing activities of a cash slow statement.
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Answer:
"The production team undertook projects that involved installation of automatic bottling machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project" and "Some of the old machines in the production were4 sold off as scrap while rest was revamped."
Explanation:
I got it right on plato
What are some of the benefits of planning ahead and being prepared?.
Planning ahead allows you to know your personal desires and can save your family from making difficult decisions during times of extreme stress or grief.
Advanced Planning ahead allows you to know your personal needs and can protect your family from difficult decisions during times of extreme stress and grief. By planning ahead, you can carefully consider all decisions and discuss them with your family.
Why is it important to plan ahead in business?According to the Management Study Guide, plans help companies identify their goals. Preparing for the future allows leaders to consider the impact they want to have on their organization and identify a path to get there.
What are the benefits of planning in your daily life?Planning helps us direct and redirect our own and others' futures for an efficient standard of living. For example, what would you do if you needed money immediately in the future? That's why most people save money so that they can face the end with confidence. Therefore, planning is essential to survive life.
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Visit your local retailer. Report on your experience as a customer—focusing on how you were greeted, assisted, cashed-out at the register; overall store cleanliness, atmosphere, comfort, and staff presence; and availability of diverse product lines and knowledge of products by the sales staff. How would you rate your client experience and what might you change/or keep the same that would renter a more pleasant experience that would want you to come back.
Retailers should also make sure that their personnel is knowledgeable about the goods they sell and readily available to help the customer.
In addition to being tidy and well-maintained, the business should have a speedy and effective checkout experience. Retailers may boost profits by putting money into improving the shopping experience.
Retailers can give the digital experience a sense of being at a physical store to enhance the customer experience. This is possible by replacing in-store personalized interactions with services like chatbots and tailored recommendations.
As a result, the significance of the rate the client experience are the aforementioned.
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painting expenses is debit or credit
Answer:
Debit
Explanation:
If its not a house or a big invesment into a buisness it is debit
In 2020, Ada lived with her son, Robert, and his wife, Barbara. Ada’s only source of income was a $1,500 fully taxable pension, which she spent on clothes and recreation. Robert and Barbara paid Ada’s medical and drug expenses of $600 for the year. Robert and Barbara’s total food expense for the household was $6,000. The fair rental value of the lodging provided Ada was $1,200 for the year, based on the cost of similar room facilities. What was Ada’s total support for the year for purposes of determining whether Robert and Barbara can claim Ada as a dependent?
Answer:
$5,300
Explanation:
Calculation to determine Ada’s total support for the year
Medical and drug expenses $600
Add Lodging $1,200
Add household total food expense $2,000
($6,000/3 Ada+Robert+Barbara)
Add Source of income $1,500
Total support $5,300
($600+$1,200+$2,000+$1,500)
Therefore what Ada’s total support for the year for purposes of determining whether Robert and Barbara can claim Ada as a dependent will be is $5,300
how do product managers manage their product mix
Answer:
sorry if this dosent help
Explanation:
Considering the leap from being a product manager to a leadership role, but not sure what’s involved in managing product managers? You’re smart to look into this. The responsibilities of product leadership and the skills required, are very different those of a product manager.
Managing product managers can be an exciting and rewarding career. But before we jump into the details, here’s one key point that might change your perspective.
How will $9.82 in change be given from a $20.00 bill?
$10 bill__
$5 bill__
$1 bill__
Quarter__
Dime__
Nickel__
Penny__
answer choices for the blanks are 0, 1, 2, 3, 4
Answer:
1 $10 bill
1 Dime
1 Nickel
3 Pennies.
Explanation:
which of the following is NOT on a credit report
Late medical payments
Repayment history
Buying habits
Public records
Answer: The correct answer to the question is option C
BUYING HABITS.
To effectively answer the question,let's look at the definition of credit report and the options given..
A credit report is simply a record that is reported by one's lenders and creditors to the credit agency.they contains one's personal information, public records, credit enquires and credit account history.
LATE MEDICAL PAYMENT, REPAYMENT HISTORY AND PUBLIC RECORDS all has to do with credit
bureaus while buying habit doesn't have anything to do with credit bureaus rather it is when an individual or consumer purchases a particular type or brand of product concurrently without a change in another brand of the same product.it is mostly as a result of the satisfaction the individual gets from that brand of product.
a point that lies inside the production possibilities curve reflects
Points within the PPC demonstrate underutilization of resources and technology because they are below the maximum production possibilities frontier.
The production possibility curve (PPC) is a graph that shows the different combinations of two commodities that an economy can produce in a specified time frame using all of its given resources and the best available technology. In other words, the PPC depicts the maximum production combinations of two commodities that can be generated by an economy using all its resources and technology.
Points within the PPC demonstrate underutilization of resources and technology because they are below the maximum production possibilities frontier. These points represent scenarios in which an economy's production potential is not fully exploited.
If a point lies inside the PPC, it reflects an inefficient utilization of resources and production technology. When the output is lower than the maximum potential, this happens. In simpler terms, the economy has not utilized all of its resources, and it is underutilizing its available resources.
Additionally, a point that lies outside the production possibilities frontier reflects an unattainable situation because the economy does not possess the essential resources and technology to produce such levels of output. Therefore, the economy must focus on attaining the maximum production level inside the PPC by improving resource utilization, production technology, and output efficiency.
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Johm Deere Case Study Deere & Company (brand name John Deere) is famed for the manufacture and supply of machinery used in agriculture, construction, and forestry, as well as diesel engines and lawn care equipment. In 2014, Deere & Company was listed 80 th in the Fortune 500 America's ranking and was 307 th in the 2013 Fortune Global 500 ranking. The company has a diverse product range, which includes a mix of heavy machinery for the consumer market, and industrial equipment, which is made to order. Retail activity is extremely seasonal, with the majority of sales occurring between March and July. The company was replenishing dealers' inventory weekly, using direct shipment and cross-docking operations from source warehouses located near Deere & Company's manufacturing facilities. This operation was proving too costly and too slow, so the company launched an initiative to achieve a 10% supply chain cost reduction within four years. Q1: Based on class discussions and your readings, describe the rationale and role of purchasing department in this case, and how it can contribute to the organization goals. Q2: Identify the potential cost reduction methos that can supply chain manager and purchasing manager can apply to support the organization goals.
1: The purchasing department plays a crucial role in achieving the organization's goals by managing procurement and ensuring timely delivery.
2: Potential cost reduction methods include supplier consolidation, lean practices, supply chain optimization, and contract renegotiation.
1: The purchasing department in this case plays a critical role in achieving the organization's goals by managing the procurement of materials, components, and equipment needed for production and distribution.
By strategically selecting suppliers and optimizing the procurement process, the purchasing department can contribute to cost reduction, supply chain efficiency, and overall operational performance.
It plays a vital role in maintaining strong supplier relationships, managing risks, and ensuring the availability of materials to support production schedules and meet customer demands.
2: The potential cost reduction methods that the supply chain manager and purchasing manager can apply to support the organization's goals include:
1. Supplier consolidation and strategic sourcing: By reducing the number of suppliers and strategically partnering with key suppliers, the company can negotiate better pricing, volume discounts, and favorable terms. This consolidation can lead to cost savings through economies of scale and improved supplier relationships.
2. Lean and just-in-time practices: Implementing lean manufacturing principles and adopting just-in-time inventory management can minimize waste, reduce inventory carrying costs, and improve operational efficiency.
This involves streamlining processes, reducing lead times, and improving coordination with suppliers to ensure timely delivery of materials.
3. Supply chain optimization: Analyzing and optimizing the supply chain network can help identify opportunities for cost savings. This includes evaluating transportation routes, warehouse locations, and distribution strategies to minimize transportation costs, improve inventory management, and enhance overall supply chain efficiency.
4. Contract renegotiation: Regularly reviewing and renegotiating contracts with suppliers can help secure more favorable pricing, terms, and conditions.
This can involve benchmarking prices, exploring alternative suppliers, and leveraging the company's purchasing power to negotiate better deals.
By implementing these cost reduction methods, the supply chain manager and purchasing manager can contribute to achieving the organization's goals of reducing supply chain costs and improving overall operational performance.
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What is a C corporation?
Answer:(:
Explanation:
A C corporation, under United States federal income tax law, is any corporation that is taxed separately from its owners.
HELP ASAP
Match each of Maslow's Hierarchy Tiers to examples of needs in that tier.
The needs are physiological (food and clothes), safety (work security), love and belonging needs (friendship), esteem, and self-actualization going up the hierarchy in order. Prior to addressing needs higher up the hierarchy, people must attention to those lower down.
1. Physiological needs, such as air, food, water, shelter, clothes, warmth, sex, and sleep, are biological necessities for human survival.
The human body cannot function at its best if these demands are not met. Maslow regarded physiological needs as being more significant than all other wants because, unless these needs are addressed, all other needs become secondary.
2. Demands for safety - after a person's physiological desires are met, their needs for safety and security become apparent. The family and society can meet these needs (e.g. police, schools, business, and medical care).
3. Love and belongingness requirements - Following the satisfaction of physiological and safety needs, the third level of human needs is social and entails a sense of belonging. A human being's emotional need for interpersonal connections, affiliation, connectedness, and group membership is known as belongingness. Friendship, closeness, trust, acceptance, receiving and giving affection, and love are a few examples of belongingness demands.
4. The Maslow hierarchy's fourth level, esteem needs, includes respect, self-worth, and achievement. Maslow divided esteem requirements into two categories: the need for respect or repute from others, and the need for regard for oneself (dignity, achievement, mastery, independence) (e.g., status, prestige).
5. self-actualization- Maslow's hierarchy of needs places fulfillment of one's potential, the pursuit of personal improvement, and awe-inspiring experiences at its highest level. This level, according to Maslow (1943), is the drive to achieve one's full potential and maximize one's potential. One person might, for instance, have a tremendous desire to become the perfect parent. In another, the urge might manifest itself in the arts, sciences, or sports.
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Accounting Equation Determine the missing amount for each of the following: Assets = Liabilities + + Stockholders' Equity . II $173,430 + + $541,980 a. b. c. . $86,720 II $ + $27,100 $41,730 = $5,960
The missing amounts in the accounting equation are: a. $368,550, b. -$17,890, and c. -$21,140.
To determine the missing amounts in the accounting equation, we need to apply the basic principle of the equation, which states that assets must equal liabilities plus stockholders' equity.
a. Assets = Liabilities + Stockholders' Equity
$173,430 + X = $541,980
Subtracting $173,430 from both sides, we have:
X = $541,980 - $173,430
X = $368,550
Therefore, the missing amount is $368,550.
b. Assets = Liabilities + Stockholders' Equity
$86,720 + X = $27,100 + $41,730
Subtracting $86,720 from both sides, we have:
X = ($27,100 + $41,730) - $86,720
X = $68,830 - $86,720
X = -$17,890
Therefore, the missing amount is -$17,890.
c. Assets = Liabilities + Stockholders' Equity
$5,960 = X + $27,100
Subtracting $27,100 from both sides, we have:
X = $5,960 - $27,100
X = -$21,140
Therefore, the missing amount is -$21,140.
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Why would a business prefer to keep an invention secret instead of applying for a patent
explain the correlation between human capital education and income and how will this influence your career choice
If a consumer has a mortgage loan, a student loan, and a car loan in addition to a credit card account, he may score higher in which credit score category?.
If a customer has a loan mortgage, a pupil mortgage, and a automobile mortgage similarly to a credit score card account, Most elegant forms of mortgages and car loans are considered secured credit score, because of the reality the loan holder can take ownership of your house or automobile in case you do now no longer pay as agreed.
On the unique hand, an unsecured mortgage or line of credit score does not require any collateral.
What determines your credit score?
How an extended manner behind you're on a bill payment, the variety of debts that show off overdue bills and whether or not you've got added the debts current are all factors. The better your wide variety of on-time bills, the better your score will be. Every time you leave out a payment, you negatively have an impact in your score.
Although ranges variety relying at the credit score scoring model, commonly credit score rankings from 580 to 669 are taken into consideration fair; 670 to 739 are considered good; 740 to 799 are taken into consideration very good; and 800 and up are taken into consideration excellent.
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An improvement in quality must necessarily increase costs.
The given statement-''An improvement in quality must necessarily increase costs'' is False.
An improvement in quality does not necessarily increase costs. While there may be cases where improving quality requires additional investments or expenses, it is not a universal rule.
Improvements in quality can also lead to cost savings in various ways. For example, by reducing defects and errors, improving efficiency, and enhancing customer satisfaction, businesses can experience lower costs associated with rework, returns, customer complaints, and lost sales.
Additionally, improved quality can enhance the reputation and brand value of a product or service, leading to increased customer loyalty and potential market expansion, which can offset any initial investment in quality improvement.
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Complete question
An improvement in quality must necessarily increase costs. true or false