The amount to be recognized as net accounts receivable on the balance sheet as of November 30 is $2,750.
2/10, n/30 means that the buyer will eligible to take 2% Discount if he pays the invoice within 10 days and if buyer does not pay the amount within 10 days, then, the net amount is due within 30 days after sales invoice date.
Also, Lifetime receives orders from Tinley High School for $1,200 worth of custom. Therefore, nothing is sold and nothing is advance.
Therefore, Lifetime records will be recognized as Net accounts receivable on the balance sheet as of November:
= Sales - Sales Return
= $3,070 - $320
= $2,750
Therefore, the amount to be recognized as net accounts receivable on the balance sheet as of November 30 is $2,750.
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As operations manager, you are concerned about being able to meet sales requirements in the coming months. You have just been given the following production report:
JAN FEB MAR APR
Units produced 2,195 1,695 2,695 2,895
Hours per machine 310 188 385 309
Number of machines 4 6 5 4
Find the average of the monthly productivity figures (units per machine hour). (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
The average of the monthly productivity figures (units per machine hour):
JAN FEB MAR APR
Units produced 2,195 1,695 2,695 2,895
Total machine hours 1,240 1,128 1,925 1,236
Average productivity 1.77 1.50 1.40 2.34
Explanation:
a) Data and Calculations:
Production report:
JAN FEB MAR APR
Units produced 2,195 1,695 2,695 2,895
Hours per machine 310 188 385 309
Number of machines 4 6 5 4
Total machine hours 1,240 1,128 1,925 1,236
b) Productivity, according to Organization for Economic Co-operation and Development (OECD), is the ratio between the output volume and the volume of inputs. This means that productivity measures compute how efficiently production inputs are used to produce output. It can be measured with respect to labor, capital, and other production inputs or in aggregate with respect to all production inputs.
Nando’s Company has a debt to equity ratio of 0.80. ROA is 9.7 percent, and total equity is $735,000. What is the equity multiplier? Return on equity? Net income?
If Nando’s Company has a debt to equity ratio of 0.80. ROA is 9.7 percent, and total equity is $735,000. The equity multiplier is 1.8 ,Return on equity is 17.46%, The Net income is $128,331.
Equity multiplier, return on equity and net incomea) Equity Multiplier
Equity multiplier ratio = 1 + debt-equity ratio
Equity multiplier ratio = 1 + 0.8
Equity multiplier ratio = 1.8
b) Return on equity
Return on equity = Equity multiplier × return on assets ratio
Return on equity = 1.8 × 9.7%
Return on equity = 17.46%
c) Net income
Net income = Return on equity × total equity
Net income = 17.46% × $735, 000
Net income = $128,331
Therefore the equity multiplier is 1.8.
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wHAT are 2 reports that can be filtered by customer type
Answer:
Sales Report / Customer Satisfaction Survey
Explanation:
Two reports that can be filtered by customer type are:
Sales Report by Customer Type: This report provides an overview of sales data categorized by different customer types. By applying a filter based on customer type, such as retail customers, wholesale customers, or corporate clients, the report can generate specific insights into sales performance for each customer segment.
Customer Satisfaction Survey Report by Customer Type: This report compiles feedback from customer satisfaction surveys and analyzes the responses based on customer types. By filtering the report by customer type, businesses can identify variations in satisfaction levels among different customer segments. This information can help tailor customer service strategies and address specific needs and preferences of each customer type effectively.
5. Which of the following describes a business want?
a higher ROMI
increased profits
a new advertising campaign
decreased expenses
Answer:
so its increased profits
is the money you receive from work that you do and from
money that you invest.
Yes and now that you have money that you invested with your time you get to chose where it gose to.
Answer:
Money received for work is/are _____.
taxes
wages
mean salary
expenses
i think its wages
at the end of what month does IBC testing begin?
An IBC testing must begins at the end of every 6th month after the due date of the inspection/testing.
What is an IBC testing?The testing is done on the intermediate bulk container which are a pallet mounted, industrial grade reusable container that is used for storing and transporting bulk liquids and powders.
Hence, the IBC testing must begins at the end of every 6th month after the due date of the inspection/testing.
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Al-Baida wants to buy a new machine with special purposes for an amount $ (1) million for the production of a product, and the economic life of the machine is (10) years, bearing in mind that there is no residual value for the machine at the end of its useful life. The company adopts the straight-line method in calculating the depreciation, and it is expected that the annual revenues from operating the machine will be 1,200,000 ID, and the annual expenses excluding taxes, (700,000 ID. If you know that the company adopts a discount rate of 12% The income tax rate is 30% for all years. Required: Calculate the following: .1. payback period. 2. Rate of accounting return on investment.
1. Payback period will be 2 years.
2. The rate of accounting return on investment for the machine is 35%.
To calculate the payback period, we need to determine the number of years it takes for the company to recover the initial investment of $1 million.
Step 1: Calculate the annual net cash flow.
Annual net cash flow = Annual revenues - Annual expenses excluding taxes
Annual net cash flow = $1,200,000 - $700,000 = $500,000
Step 2: Determine the payback period.
Payback period = Initial investment / Annual net cash flow
Payback period = $1,000,000 / $500,000
Payback period = 2 years
Therefore, the payback period for the investment in the machine is 2 years.
To calculate the rate of accounting return on investment, we need to determine the average annual net income generated by the investment.
Step 1: Calculate the average annual net income.
Average annual net income = (Annual revenues - Annual expenses excluding taxes) * (1 - Tax rate)
Average annual net income = $500,000 * (1 - 0.30)
Average annual net income = $350,000
Step 2: Calculate the rate of accounting return on investment.
Rate of accounting return on investment = Average annual net income / Initial investment * 100
Rate of accounting return on investment = $350,000 / $1,000,000 * 100
Rate of accounting return on investment = 35%
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When a pharmaceutical company purchases a new fleet of Toyota Priuses for its sales staff, each of whom travels many miles daily on client visits, the company is considered
The employees of the company, each of whom makes frequent client visits, are regarded as organisational buyers.
Organizational buyers are people who acted as a representative of an organisation. When making purchases, these buyers frequently consider both their personal tastes and the expected preferences of the customers to whom the organisational buyer's business will sell. Retail businesses commonly utilise organisational buyers to select the goods they purchase from suppliers and manufacturers. The organisational buyer must be well-versed on the most recent developments in the specific industry they serve. There are different kinds of organisational buyers. Retailers or wholesalers who buy products from one company and resell them to another are known as resellers. Major grocery chains, for instance, may buy products directly from producers and sell them to ultimate consumers.
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Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
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Season 3, Episode 11: "Wine Balloon," owned by Eric Corti, produces a wine-preserving product. The product currently sells for $22 and costs $6.50/unit when production is at 700 units. The sharks advise that the potential to cut costs are huge and hence increase revenue. If he produces 100,000 production cost per unit will fall to $2.50. That would be a $4/unit savings!
Question 4 A: This nicely illustrates economies of scale. Do you agree? What do you mean by economies of scale?
Question 4 B: Calculate total costs using the average cost formula for both low and high production levels.
Question 4 A: Yes, this situation illustrates economies of scale. Economies of scale refer to the cost advantages that a company can achieve by increasing its production. As the production volume grows, the average cost per unit tends to decrease due to factors such as operational efficiencies and cost reduction from purchasing materials in bulk.
Question 4 B: To calculate the total costs using the average cost formula, we'll first find the average cost per unit for both production levels and then multiply by the number of units produced.
Low production level (700 units):
Average cost per unit = $6.50
Total cost = 700 units * $6.50 = $4,550
High production level (100,000 units):
Average cost per unit = $2.50
Total cost = 100,000 units * $2.50 = $250,000
Answer 4A:Yes, it nicely illustrates economies of scale. Economies of scale refer to the benefits of large-scale production. The average cost per unit of production decreases as the level of production increases. This is due to a variety of reasons, including lower fixed costs per unit, higher utilization of equipment and labor, and bulk purchasing discounts. As production increases, a company's total production costs decrease, which leads to higher efficiency and profitability. Answer 4B:Given that the cost per unit at a production level of 700 is $6.50 and that it will fall to $2.50 at a production level of 100,000, we can use the average cost formula to calculate the total costs for each production level.Low production level:Average cost per unit = Total cost / Number of units produced$6.50 = Total cost / 700 unitsTotal cost = $4,550High production level:Average cost per unit = Total cost / Number of units produced$2.50 = Total cost / 100,000 unitsTotal cost = $250,000
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Which career professionals in the Arts, A/V Technology, and Communication careers are typically self-employed? Check all that apply. Sound Engineering Technicians Craft Artists Photographers Telecommunications Specialists Broadcast News Analysts Art Directors
The careers in the arts that makes one self employed are:
PhotographersCraft Artists Technicians Sound EngineeringWhat does it mean to be self employed?This has to do with the job situation where a person is the one that manages himself.
This person is the one that runs his business himself. He could have a business that allows him to provide services for other people.
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Answer:
Photographers
Craft Artists
Technicians
Sound Engineering
Explanation:
This is your first month working as a bookkeeper and you notice a discrepancy when trying to reconcile the bank statement to the book balance. There is missing check listed on the bank statement not recorded on the books. You bring this concern to your supervisor, and she responds that the accounting manager needs it done asap and to force it to reconcile. How would you handle this situation.
which of the following subject lines would be best for this email
Place a checkmark next to each power that belongs to the federal government.
1)creating post offices
2)approving amendments to the U.S. Constitution
3)regulating marriage
4)printing money
5)creating a U.S. army
6)making treaties with foreign countries
7)issuing licenses
Answer:
The powers that belong to the federal government are:
1) creating post offices
4) printing money
5) creating a U.S. army
6) making treaties with foreign countries
Explanation:
The federal government and states in the United States have some concurrent powers (including regulating elections, taxation, borrowing money, establishing courts, and regulating commercial activities). There are exclusive powers, which the U.S. Constitution empowered the federal government through Congress to manage. Generally, state governments have the power to regulate all matters within their state boundaries. However, the limitation comes when the states make laws that conflict with the laws of the federal government.
5.6 Last month Quick Industries produced 900 units. This month they produced 1,264 units. What is the rate of change in production? a. 29.8% b. 32.8% c. 40.4% d. 60%
Answer: C. 40.4%
Explanation:
To find the rate of change in production, we can use the following formula:
Rate of change = (New value - Old value) / Old value * 100
Where,
Old value = Production of last month = 900
New value = Production of this month = 1264
Substituting the values in the formula,
Rate of change = (1264 - 900) / 900 * 100= 364 / 900 * 100= 0.404 * 100= 40.4%
Therefore, the rate of change in production is 40.4%, which is an option (c). I hope that this answer has helped you!
Answer:
The correct answer is C.
Explanation:
The rate of change in production is: (1264 - 900) / 900 = 0.404 or 40.4%. So, the correct answer is c. 40.4%
Your daughter will be going to college in three years. Tuition fees are estimated at
$30,000 million a year for four years, payable at the beginning of each year. To estimate whether you have set aside enough money, you ignore possible inflation in tuition payments and assume that you can earn 8 percent annually on your investments. Suppose you would like to have enough money to fund her 4-year education at the time she starts college, how much should you set aside now to cover these payments?
Answer:
107312.91 million
Explanation:
\(30000*(1.08)*(\frac{1-(1+.08)^{-4}}{.08})=107312.9096\)
What resource is available to help scope out your clients' needs in QBO
There are ways to use a filter in one's client list so as to aid one to see the needs of the clients in a QuickBooks Online. This is done through Client list lead filter or the new Client Overview feature.
Why use a Client list lead filter or QuickBooks Online Client list lead filter is often used by firms that has multiple employees. With this, one can organize one's team by giving everyone a lead bookkeeper to all client in one's QuickBooks Online Accountant client list.Through the assignment process, One can filter his or her client list so as to only see the clients that has been given to you or one of your team members.
The new Client Overview feature is a feature on the QuickBooks Online (QBO). It is a Client Overview that helps one to know more about prospect's QBO file and quickly have a rough overview of how much work one needs to do in cleaning up and maintaining the books.
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Evergreen Company sells lawn and garden products to wholesalers. The company’s fiscal year-end is December 31. During 2021, the following transactions related to receivables occurred:
Feb. 28 Sold merchandise to Lennox, Inc., for $10,000 and accepted a 10%, 7-month note. 10% is an appropriate rate for this type of note.
Mar. 31 Sold merchandise to Maddox Co. that had a fair value of $7,200, and accepted a noninterest-bearing note for which $8,000 payment is due on March 31, 2022.
Apr. 3 Sold merchandise to Carr Co. for $7,000 with terms 2/10, n/30. Evergreen uses the gross method to account for cash discounts.
11 Collected the entire amount due from Carr Co.
17 A customer returned merchandise costing $3,200. Evergreen reduced the customer’s receivable balance by $5,000, the sales price of the merchandise. Sales returns are recorded by the company as they occur.
30 Transferred receivables of $50,000 to a factor without recourse. The factor charged Evergreen a 1% finance charge on the receivables transferred. The sale criteria are met.
June 30 Discounted the Lennox, Inc., note at the bank. The bank’s discount rate is 12%. The note was discounted without recourse.
Sep. 30 Lennox, Inc., paid the note amount plus interest to the bank.
Required:
1. Prepare the necessary journal entries for Evergreen for each of the above dates. For transactions involving the sale of merchandise, ignore the entry for the cost of goods sold.
2. Prepare any necessary adjusting entries at December 31, 2021. Adjusting entries are only recorded at year-end.
3. Prepare a schedule showing the effect of the journal entries on 2021 income before taxes
Answer:
Evergreen Company
1. Necessary Journal Entries for Evergreen involving the sale of merchandise:
Feb. 28 Debit Notes Receivable (Lennox Inc.) $10,000
Credit Sales Revenue $10,000
To record the sale of goods on credit, terms 10% 7-month note.
Mar. 31: Debit Notes Receivable (Maddox Co.) $8,000
Credit Sales Revenue $7,200
Credit Interest Receivable $800
To record the sale of goods on credit.
Apr. 3 Debit Accounts Receivable (Carr Co.) $7,000
Credit Sales Revenue $7,000
To record the sale of goods with terms 2/10, n/30.
Apri. 11 Debit Cash Account $6,860
Cash Discount Allowed $140
Credit Accounts Receivable (Carr Co.) $7,000
To record the collection on account.
Apr. 17 Debit Sales Returns $5,000
Credit Accounts Receivable $5,000
To record the return of goods on account.
Apr. 30 Debit Cash Account $49,500
Debit Finance Charges $500
Credit Accounts Receivable $50,000
To record the transfer of receivables to a factor without recourse and 1% finance charge.
June 30 Debit Cash Account $8,800
Debit Finance Charges $1,200
Credit Notes Receivable $10,000
To record the discounting of the note at the bank at 12%.
2. Necessary Adjusting Journal Entries at December 31, 2021:
3. A Schedule showing the effect of the journal entries on 2021 income before taxes:
Sales revenue $10,000
Sales Revenue 7,200
Sales Revenue 7,000
Discount Allowed (140)
Interest Receivable 800
Sales Returns (5,000)
Finance charges (500)
Finance charges (1,200)
Explanation:
Finance charge of $500 = ($50,000 * 1%). Factoring accounts receivable enables Evergreen to collect on its accounts receivable before the due date. This usually attracts some finance charges. Sales without recourse means that the factoring company and not Evergreen accepts the risk associated with credit default. Sales with recourse implies that Evergreen retains the risk arising from credit default.
(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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What motivates you to do a good job at or at school? Is it the intrinsic or extrinsic rewards?
The motivation to do a good job at or at school can come from both intrinsic and extrinsic rewards.
Both of them can be effective in driving performance, but for me intrinsic rewards leads me to more to perform a good job.
What is motivation?Motivation is the force that drives or moves a person to accomplish a particular goal or outcome.
Intrinsic motivation is from the inside and is about the enjoyment or satisfaction a person gets from doing something. For example, is the desire to learn, improve one's skills, or have a sense of accomplishment. The pleasure or satisfaction from achieving that goal is the intrinsic reward.
On the other hand, Extrinsic motivation are external rewards or punishments. This could include things like grades, praise, or financial rewards.
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A company proposes to invest in two divisible projects which are expected to generate the following cash flows. Cash flows Year Project A Project B
1 10,000 10,000
2 60,000 30,000
Additional information
1. The cost of capital applicable to both projects is 12%
2. Project A requires sh. 20,000 and Project B 10,000 initial investment. 3. The funds available are restricted as follows;
Years Cash available
0 1,000,000
1 800,000
4. Funds not utilized one year will not be available in the subsequent years. Required;
i. Formulate a linear programming model to solve the above problem. ii. Solve the problem graphically and comment on the proportion of investing on the two projects.
The graphical solution of this linear programming problem will involve plotting the feasible region defined by the constraints and identifying the corner points of the region. The corner point that maximizes the objective function will represent the optimal investment proportions between the two projects.
To formulate a linear programming model for the investment decision between Project A and Project B, we can define the following variables:
Let x be the amount invested in Project A (in thousands of shillings).
Let y be the amount invested in Project B (in thousands of shillings).
The objective is to maximize the total cash flows generated from the investments, which can be represented as: Maximize Z = 10x + 60y + 10x + 30y
Subject to the following constraints:
The total investment should not exceed the available funds:
x + y ≤ 1,000 (in thousands of shillings)
Project A requires an initial investment of 20,000 (in thousands of shillings):
x ≥ 20
Project B requires an initial investment of 10,000 (in thousands of shillings):
y ≥ 10
The funds available in each year should be utilized:
x + y ≤ 800 (for year 1)
The graphical solution of this linear programming problem will involve plotting the feasible region defined by the constraints and identifying the corner points of the region. The corner point that maximizes the objective function will represent the optimal investment proportions between the two projects.
Based on the graphical solution, the proportion of investing in the two projects will depend on the intersection of the feasible region and the objective function. The specific proportion will vary depending on the values and slopes of the constraints and objective function.
It is important to note that the actual graphical solution and interpretation of the proportion will require the specific values and plot of the feasible region and objective function.
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Jamal and Keisha each earn money by washing cars and mowing lawns.
Jamal can mow 4 lawns or wash 8 cars in one day. Keisha can mow 3 lawns or wash 9 cars in one day. They both charge $25 for each lawn and $15 for each car.
The chart shows their production after 3 days.
A 3-column table has 2 rows. The first column has entries Lawns, cars. The second column is labeled Jamal with entries 12, 24. The third column is labeled Keisha with entries 9, 27.
Jamal and Keisha are considering entering into an agreement to trade tasks.
How can specialization of labor benefit Jamal and Keisha? Check all that apply.
Jamal can specialize in washing cars, because he has the comparative advantage.
Keisha can specialize in washing cars, because she has the comparative advantage.
Specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days.
Specialization allows them to collectively mow 12 more lawns and wash 27 more cars every three days.
Specialization allows them to earn more money.
Answer:
Jamal and Keisha are considering entering into an agreement to trade tasks.
How can specialization of labor benefit Jamal and Keisha? Check all that apply.
Jamal can specialize in washing cars, because he has the comparative advantage.
Keisha can specialize in washing cars, because she has the comparative advantage.
Specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days.
Specialization allows them to collectively mow 12 more lawns and wash 27 more cars every three days.
Specialization allows them to earn more money.
The way in which labor specialization can be advantageous to Jamal, as well as, Keisha would be:
B). Keisha can specialize in washing cars because she has a comparative advantage.
C). Specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days.
F). Specialization allows them to earn more money.
The specialization of labor is characterized as the process in which the laborers are deployed for particular tasks in order to promote efficiency. In this process, the ability of laborers is successfully utilized as they are provided the job of their skill area which enhances productivity(effectively and efficiently).In the given case, the labor specialization would assist Jamal and Keisha in increasing their profits by designating the skill areas as per the expertise(Keisha in washing cars and Jamal in mowing lawns) they possess.
Thus, options B, C, and F are the correct answers.
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How do you choose the brainliest answer?
A customer reward program can be useful because it
Rewards programs are important for brands because they encourage customer loyalty, help track spending patterns, and provide valuable feedback. By offering rewards, brands can foster a sense of community and connection with their customers that goes beyond the simple exchange of goods or services for money
Question 8 of 25
Environmental protection laws limit what?
A. Unfair business practices
B. The use of alternative energy sources
C. Anticompetitive behavior
D. The exploitation of natural resources
Answer:
the answer is D. the exploitation of natural resources
Environmental laws place restrictions on exploitation of natural resources. Option D is correct.
What is the purpose of Environmental laws?The main purpose of environmental law is to protect the natural resources like land, air, water, and soil.
Infractions of these laws so that would result in a many number of penalties, and can be sent to jail. These laws mainly focussed in making restrictions on exploration of natural resources.
Therefore, option D is correct.
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nowledge Check 01
On November 1, the company rented space to another tenant. A check in the amount of $9,000, representing three months' rent in advance, was received from the tenant on that date. The payment was recorded with a credit to the Unearned Rent Revenue account.
Complete the necessary December 31 adjusting journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.
Answer:
I would say in December 31
What is meant by interest elasticity
Answer:
Interest elasticity means that demand for a financial product changes with changes in the interest rate.
Explanation:
The proportional change in the quantity of money demanded divided by the proportional change in interest rate.
what are some good names for a animal trainer business
Some good names for a animal trainer business are:
Canine Mentors.Better Pups.The Pooch Whisperer.What is animal trainer business?Animal trainer business can be described as the business which involves the professional training of the animals in a way that they can related better with their owners.
It should be noted that this business is based on the process wwhereby the trainer will be paid some fee so that they can provide the training to the domestic animals such as dog cat as well as other domestic animals and this usually help to establish a smooth communication between them.
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A study by Great Places to Work, a research and consulting firm, highlights the benefits of breaking down boundaries to get all employees interested in innovative opportunities. Firms in the ________ quartile on the inclusiveness rankings had experienced growth, on average, five times greater than firms ranked in the ________ quartile.
Higher education typically has a positive return on investment because
many of the classes you will take will help you see the world in a new way
jobs and careers that require a degree or certificate generally earn higher
salaries
you can earn credits over the summer and finish school early
you will form some long lasting friendships that will have a positive impact on
your life
Over the course of your career, the salary that will earn with such a degree will cover your college expenses. To pay for postsecondary education, you can seek grants and scholarships.
What 3 categories of scholarships are there?Merit-based scholarships, demand scholarships, & athletic scholarships are typical types of college financial aid.
How do I become a full scholarship winner?full-ride financial aid for education: Have the highest GPA in your class, enroll in AP and honors courses, and achieve perfect (or really near to flawless) SAT as well as ACT scores. Having leadership qualities or community involvement is advantageous in addition to academic achievement (see below).
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