Basic activities in every accounting department, including sales order processing, accounts receivable, inventory and purchasing, accounts payable, and payroll, are recorded in the general ledger.
Define a general ledgerA general ledger (GL) is a collection of numbered accounts that a company uses to record its financial activities and generate financial reports. Each account is a distinct record that includes a summary of a particular class of asset, liability, equity, revenue, or expense. All transaction information is contained in general ledger accounts, which are used to create the income statement, balance sheet, and other financial reports.
Transactions done to sub-ledger accounts as journal entries are summarized in general ledger transactions. The total debits must be subtracted from the total credit to balance a general ledger. The left side of a ledger should always contain debit accounts, and the right side should always have credits.
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How would you use the five-step decision-making process to
choose between the party and ushering? What criteria would you
use to evaluate the alternatives? What would be your choice?
To use the five step decision making process to make this choice
You first have to establish the goal. That is you have to know why you want to solve this problem. And also the reason why you have to make this choiceNow you have to weigh your choices between these two options. You have to weigh this option and make a choice based on the benefits that you may get from them.Next you have to consider the consequences of whatever option that you may pick. You have to check the advantages and the disadvantages.Next you have to make your decision. To do this, you have to trust your instincts to know if the best option that you would be picking would be the party or it would be ushering.The last step is the evaluation of the decision that have been made. This step would help to evaluate all the steps I have taken to make sure that things would work out. It would also help to create changes along the way.
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Submit an open inquiry question, and in 1-2 paragraphs, reflect on your process to getting to this question. What were the steps you took and how did you narrow down your question? How might researching this question bring deeper understanding of this issue?
The research question should stimulate the creation of a research project on a certain topic.
What is a research question?It is a question that prompts another question about a specific topic.It is a thought-provoking question.When a research project is completed, it must answer this question.To create a research question, you must first understand the topic to which it refers and identify potential questions about that topic that can be answered through a research project.
An example of this could be the question "Do students with higher GPA have greater ease in social interaction?"
Another example for an open inquiry question would be “Was the Vietnam War in the best interest of the American People?” This question has the potential to generate a variety of thoughtful responses and classroom discussions.
Therefore, a research question is discussed above.
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What type of information is required on a 1040EZ form? (Select the best answer.)
A. Your gross and net income for the previous year
B. A financial projection for the next year
C. Your bank statements from the previous year
D. A list of each purchase made in the previous year
Answer:
A. your gross and net income for the previous year.
Explanation:
took the test.
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below.
Balance Sheets
2019 2018
Assets
Cash and equivalents $100 $85
Accounts receivable 275 300
Inventories 375 250
Total current assets $750 $635
Net plant and equipment 2,300 1,490
Total assets $3,050 $2,125
Liabilities and Equity
Accounts payable $150 $85
Accruals 75 50
Notes payable 150 75
Total current liabilities $375 $210
Long-term debt 450 290
Total liabilities 825 500
Common stock 1,225 1,225
Retained earnings 1,000 400
Common equity 2,225 1,625
Total liabilities and equity $3,050 $2,125
Income Statements
2019 2018
Sales $2,265 $1,565
Operating costs excluding depreciation and amortization 1,250 1,000
EBITDA $1,015 $565
Depreciation and amortization 100 75
EBIT $915 $490
Interest 63 46
EBT $852 $444
Taxes (25%) 213 111
Net income $639 $333
Dividends paid $54 $48
Addition to retained earnings $585 $285
Shares outstanding 100 100
Price $25.00 $22.50
WACC 10.00%
The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash.
Using the financial statements given above, what is Rosnan's 2019 free cash flow (FCF)? Use a minus sign to indicate a negative FCF. Round your answer to the nearest cent.
The 2018 free cash flow for Rosnan Industries is $158. The balance sheet was the based on the Rosnan Industries' 2019 and 2018.
Particular 2018 2019
Current Asset $635 $750
Current Liability $135 $255
Net working capital 500 525
Net increases in working capital 25
The capital expenditure is made are computed:
Ending balance of fixed asset 2300
Add: Depreciation 100
Less: Begging of fixed amount 1490
Capital expenditure: 910
Net income: 677
Add: Depreciation 100
Less: Capital expenditure -910
Less: Net increases in Net WC -25
Free cashflow -158
The 2018 free cash flow for Rosnan Industries is $158.
As a result, the significance of the Rosnan Industries' 2019 and 2018 balance sheets are the aforementioned.
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How does finance and insurance affect in our global economy?
The ways that finance and insurance affect our global economy include:
Capital allocationRisk managementHow can finance and insurance affect the economy ?Finance plays a crucial role in allocating capital to its most productive uses. Through the provision of financial services such as banking, investment, and asset management, finance channels funds from savers to investors, supporting economic growth and development.
Insurance plays a vital role in managing risk and protecting individuals and businesses from potential losses. By spreading risk among a large pool of insured individuals or companies, insurance enables businesses to invest and take on new opportunities with greater confidence, contributing to economic growth and stability.
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Condensed financial data are presented below for the Phoenix Corporation: 20X2 20X1 Accounts receivable $ 267,500 $ 230,000 Inventory 312,500 257,500 Total current assets 670,000 565,000 Intangible assets 50,000 60,000 Total assets 825,000 695,000 Current liabilities 252,500 200,000 Long-term liabilities 77,500 75,000 Sales 1,640,000 Cost of goods sold 982,500 Interest expense 10,000 Income tax expense 77,500 Net income 127,500 Cash flow from operations 71,000 Cash flow from investing activities (6,000 ) Cash flow from financing activities (62,500 ) Tax rate 30 % If the intangible assets in 20X2 are $50,000, then the long-term debt to tangible assets for 20X2 is:
Answer:
Phoenix Corporation
The long-term debt to tangible assets for 20X2 is:
= 0.74.
Explanation:
a) Data and Calculations:
20X2 20X1
Accounts receivable $ 267,500 $ 230,000
Inventory 312,500 257,500
Cash 90,000 77,500
Total current assets 670,000 565,000
Intangible assets 50,000 60,000
Tangible assets 105,000 70,000
Total assets 825,000 695,000
Current liabilities 252,500 200,000
Long-term liabilities 77,500 75,000
Equity 495,000 420,000
Total liabilities/Equity 825,000 695,000
Income Statement for year 20X2
Sales 1,640,000
Cost of goods sold 982,500
Gross profit 657,500
Operating expenses 442,500
EBIT 215,000
Interest expense 10,000
Pretax income 205,000
Income tax expense 77,500
Net income 127,500
Statement of Cash Flows:
Cash flow from operations 71,000
Cash flow from investing activities (6,000 )
Cash flow from financing activities (62,500 )
Net cash flows = 2,500
Tax rate 30 %
Long-term debt to Tangible assets = 77,500/105,000 = 0.74
b) This ratio describes the percentage of the tangible assets financed by long-term debts. It is a financial leverage ratio. The computation compares the long-term debts to the tangible assets.
Suppose that the production function is y= 9k^0.5 N^0.5. With this production function, the marginal product of labor is MPN= 4.5K^0.5 N^-0.5. The capital stock is K= 25. The labor supply curve is NS= 100[(1-t)w]^2, where w is the real wage rate, t is the tax rate on labor income, and hence (1-t)w is the after-tax real wage rate.c.Suppose that a minimum wage of w=2 is imposed. If the tax rate on labor income, t, equals zero, what are the resulting values of employment and the real wage? Does the introduction of the minimum wage increase the total income of workers, taken as a group?
The resulting values for employment and the real wage are 70.3125 and $1.5811 per hour, respectively.
The introduction of the minimum wage does not increase the total income of workers taken as a group.
How to determine employment and real wageTo find the resulting values of employment and real wage, determine where the labor supply curve intersects the labor demand curve.
MPN =
\(4.5K^0.5 N^-0.5 = (9K N)^0.5 / (2KN)^0.5 = (9/2)^0.5 (K/N)^0.5 = w/P
\)
where P is the price of output, which we can assume is equal to 1.
This equation can be rearranged to solve for N:
N =
\((9/2) (K/w)^2\)
Plugging in K = 25 and w = 2, we get:
N =
\((9/2) (25/2^2) = 70.3125\)
To find the real wage, we can plug this value of N into the labor supply curve:
NS =
\(100[(1-t)w]^2 = 100(1-0)(2)^2\)
= 400
Since labor supply exceeds labor demand, the real wage will be bid down to the equilibrium level.
\((9/2)^0.5 (K/N)^0.5 = w/P
(9/2)^0.5 (25/N)^0.5 = 1/2
N = (9/2) (25/2^2) = 70.3125
w = 2(70.3125/100)^0.5 = 1.5811\)
The equilibrium real wage is $1.5811 per hour.
To determine whether the introduction of the minimum wage increases the total income of workers,
Total income before minimum wage = wN = 1.5811 x 70.3125 = $111.31
After the minimum wage of $2 is imposed, the real wage is fixed at $2, and the level of employment is determined by the intersection of the labor supply and demand curves at this wage:
N =
\((9/2) (25/2^2) / (2)^2 = 35.15625\)
Total income after minimum wage = wN = 2 x 35.15625 = $70.31
Since the total income of workers decreases from $111.31 to $70.31 after the minimum wage is imposed, the introduction of the minimum wage does not increase the total income of workers taken as a group.
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What are the components of an attitude?
A. A belief, a feeling, and a tendency to act
B. Values and reference groups
C. A beliefs, a value, and a custom
O D. Five levels of needs
Answer:
A. A belief, a feeling, and a tendency to act
Explanation: Research on humans has shown that
Attitude is made up of three components:
Affective Feelings andemotions about the attitude object; behavioral, that is behavior one exhibits when faced with the object; ( cognitive, the thoughts and beliefs one has about the object )The correct option is A. A belief, a feeling, and a tendency to act are the components of an attitude.
Three elements are believed to make up attitudes: an emotional element of feeling, a behavioral element of how the attitude affects conduct, and an intellectual element of beliefs and knowledge.
What is the importance of attitude?Your viewpoint has a significant impact on a number of things, including your ability to overcome challenges, productivity, earning potential, social life, and more. A positive outlook can make achieving success in these numerous spheres of life much easier, resulting in substantial advantages that can greatly raise your quality of life.
Characteristics of attitude include: Attitudes are the intricate fusion of what we term personality, beliefs, values, behaviors, and motives. Anywhere from highly favorable to very unfavorable can be considered to be where it falls on the continuum. No matter their social standing or intellectual ability, attitudes are a universal human trait.
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paid rent of Rs.25000 by cheque. make journal entry
Answer:
see below
Explanation:
Rent is an expense to the business. An increase in expenses is debited.
rent was paid by cheque. The transaction will reduce money held at the bank( asset) by Rs. 25,000. A reduction in assets is credited.
The journal entry will be
Rent A/c Dr. Rs. 25,000
Bank A/c Cr. Rs. 25,000
AN Razimah has been investing in a Unit Trust for the past 10 years. She is very happy with the performance of the fund manager that enables her to get at least 15 % return annually. Razimah has estimated that she will receive a retum of RM8000 next year, RM9000 in next 2 years, and RM10,000 in the next 3 years. What is the value of these future payments?
Answer: A fund should review its use of derivatives when it updates its registration statement annually - particularly disclosures in its shareholder??
Explanation:
Question 10 of 10
Adjusting entries are recorded __ of an accounting period
A. in the beginning
B. on the third day
C. in the first week
D. at the end
of an accounting period.
SUBMIT
Adjusting entries are recorded at the end of an accounting period.
Adjusting entries are made on top of an accounting duration to properly account for earnings and fees no longer yet recorded to your well-known ledger and have to be completed previous to remaining the accounting period. Adjustment intervals are additional periods that might be related to everyday durations from the source. An adjustment period refers to any accounting length installation to modify balances previous to the final length of the twelve months.
Adjusting entries are made on the giving up of the accounting duration to record all sales and expenses that have now not been recorded but belong within the modern-day period. They update the stability sheet and profits statement bills at the end of the accounting length. Adjusting magazine access is usually made at the end of an accounting duration to understand earnings or fees within the length that its miles incurred. it's far a result of accrual accounting and follows the matching and sales reputation concepts.
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Andrew bought a house and furnished it. He spent $2000 on furniture and décor at Brenda’s store, with the amount due in ninety days. At the end of ninety days, Andrew cannot pay Brenda and asks for more time. Brenda waits two more months, during which time Andrew generates significant credit card debt which he does not pay when due. Brenda grows tired of waiting and petitions for involuntary bankruptcy of Andrew. Will it be granted?
No, because Andrew is not yet in serious debt
No, because Brenda is the only creditor petitioning the court
Yes, because any failure to pay a debt when it is due will lead to involuntary bankruptcy
Yes, because Andrew has $2000 in debt and did not pay his debt when it was due
No, because Andrew has not made any fraudulent transfer or preference
Answer:Yes because he has 2,000 in dept and did not pay his dept when it was due
Explanation: your welcome
You can hire 0, 1, 2, or 3 workers. If you hire 0, you produce $0 of output. If you hire 1 worker, your revenue (total value product) is $30. If you hire 2 workers, your revenue (total value product) is $50. If you hire 3 workers, your revenue (total value product) is $60.
What is the marginal value product of the 3rd worker?
What is the profit-maximizing number of workers to hire when the wage is $15?
Given your answer to the last question, what is the most profits you can make from hiring?
When marginal revenue equals marginal cost, or when MR = MC, a fully competitive firm will make the decision that will maximize its profits.
How do you determine how many employees you need to hire?
You should be able to create statistical data related to your industry that enables you to quantitatively determine when hiring new employees is necessary. To make this computation simple, divide your annual revenue by your average annual employee count, then multiply the result by 12 months.
How do you figure out how many workers to hire in order to maximize profit?
The change in your company's total cost (TC) caused by hiring an additional employee is known as the marginal resource cost (MRC): MRC = TC/L. Since you can hire as many employees as you like at the going rate, MRC = Wage. An employer should hire the number of employees at which MRP = MRC in order to maximize profits.
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Which example demonstrates a key attribute of professional and ethical conduct?
A.
Lily likes her work schedule and never changes it to accommodate other work.
B.
Ashok prefers to dress in his own style and often wears casual clothes to work.
C.
Mary asks her coworkers to help her finish a task while she makes a personal call.
D.
Amir listens to feedback from his supervisor and uses it to improve his performance.
An example that demonstrates a key attribute of professional and ethical conduct is when Amir listens to feedback from his supervisor and uses it to improve his performance. The Option D is correct.
What is professional and ethical conduct?
It can also be call professional ethics, which are principles that govern behaviour of a person or group in a business environment. Like values, a professional ethics provide the rules on how a person should act towards other people and institutions in such an environment.
Its underpin all professional codes of conduct. Its may differ depending on the profession; for example, the professional ethics that relate to medical practitioners will differ from those that relate to lawyers or real estate agents.
However, some universal ethical principles that apply across all professions includes honesty, trustworthiness, loyalty, respect for others, adherence to the law, doing good and avoiding harm to others, accountability etc.
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Bathtub Refinishing Oldsmar FL
Answer:
cool
Explanation:
In determining Blue Corporation's current earnings and profits (E & P) for 2019, how should taxable income be adjusted as a result of the following transactions?
Select either "Increase", "Decrease" or "Not be affected", whichever is applicable.
a. A capital loss carryover from 2018, fully used in 2019.
b. Nondeductible meal expenses in 2019.
c. Interest on municipal bonds received in 2019.
d. Nondeductible lobbying expenses in 2019.
e. Loss on a sale between related parties in 2019.
f. Federal income tax refund received in 2019.
Answer: See explanation
Explanation:
Taxable income simply refers to the income that the government imposes a tax on. Taxable income should be adjusted on the following transactions as follows:
a. A capital loss carryover from 2018, fully used in 2019.
Based on the above transaction, taxable income should be increased.
b. Nondeductible meal expenses in 2019.
Based on the above transaction, taxable income should be decreased.
c. Interest on municipal bonds received in 2019.
Based on the above transaction, taxable income should be increased.
d. Nondeductible lobbying expenses in 2019.
Based on the above transaction, taxable income should be decreased.
e. Loss on a sale between related parties in 2019.
Based on the above transaction, taxable income should be decreased.
f. Federal income tax refund received in 2019.
Based on the above transaction, taxable income should be increased.
holding cash for precautionary motive assumes management wants cash for emergency purposes when inflows are projected.
Holding cash for precautionary motive assumes management wants cash for precautionary motives.
What is the purpose of keeping cash as a precaution?
It was Keynes who first proposed looking at the preventive reasons for maintaining a cash reserve (1936). According to his view, precautionary reserves can be kept in the form of cash or demand deposits and act as insurance against substantial expenses that could materialize in the foreseeable future.
What are the three reasons to keep cash on hand?
Keynes claimed that there are three reasons why people keep cash on hand: I transactions motivation, (ii) precautionary motive, and (iii) speculative motive. The reason for keeping cash on hand is because it is necessary for both personal and commercial exchanges to make current payments.
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Acme Investors is considering the purchase of the undeveloped Baker Tract of land. It is currently zoned for agricultural use. If purchased, however, Acme must decide how to have the property rezoned for commercial use and then how to develop the site. Based on its market study, Acme has made estimates for the two uses that it deems possible, that is, office or retail. Based on its estimates, the land could be developed as follows:
Which would be the highest and best use of this site?
Office Retail
Rentable Square Feet 100,000 80,000
Rents per square foot $24 $30
Operating Expenses Ratio 40% 50%
Avg. Growth in NOI Per Year 3% 3%
Required Return (r) 13% 14%
Total Construction Cost
per square foot $100 $100
Using the information from above, but assuming the site is currently improved with an industrial building that generates $400,000 of NOI per year. Investors require a return of 10% for such properties and assume no growth in NO. It would require $50,000 to demolish the existing building/prepare the site for redevelopment. From your work in above, what is the highest and best use as vacant? What is the highest and best use as improved?
Answer:
Office
Explanation:
Calculation to determine Which would be the highest and best use of this site
The analysis for the Baker Tract is as follows: OFFICE RETAIL
Rent 2,400,000 2,400,000
(100,000*$24=2,400,000)
Less Expenses (960,000) (1,200,000)
(2,400,000*40%=960,000)
(2,400,000*50%=1,200,000)
Cash Flow 1,440,000 1,200,000
(2,400,000-960,000=$1,440,000)
(2,400,000-$1,200,000=$1,200,000)
Cap Rate 0.10 0.11
(13%-3%=0.10)
(14%-3%=0.11)
Property Value 14,400,000 10,909,090
(1,440,000/0.10=14,400,000)
(1,200,000/0.11=10,909,090)
Construction Cost (10,000,000) ( 8,000,000)
(100,000*100=10,000,000)
(80,000*100=8,000,000)
Residual 4,400,000 2,909,090
(14,400,000-10,000,000=4,400,000)
( 10,909,090-8,000,000=2,909,090)
Therefore Based on the above calculation OFFICE would be the highest and best use of this site reason been that OFFICE has the HIGHEST amount of $4,400,000 compare to retail which has $2,909,090.
capital allowances in taxation.
You have been hired as a strategic planning consultant to Acre Pizza, a regional chain of outdoor dining pizza restaurants. Acre Pizza is deciding whether or not to outsource home deliveries to third parties such as GrubHub, DoorDash, or UberEats. What would be the biggest drawback of outsourcing this value chain activity
Given that the company is deciding to outsource or not to outsource, the greatest setback that they would experience would be:
Acre Pizza loses flexibility in accommodating its delivery partners with just-in-time orders.What is outsourcing?This is a business practice that a lot of organizations engage in. It is the practice of hiring people or companies outside their organizations to handle certain operations.
Outsourcing this job is going to prevent the business from having full control over the deliveries.
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which of the following is true of simulations?
a. Simulations provide learning situations with a high degree of human contact.
b. Trainees do not have to acquire any prior knowledge while playing a game.
c Simulations can safely put employees in situations that would be dangerous in the real world.
d. Compared to most other training methods, development costs are low.
A true statement on simulations is that c Simulations can safely put employees in situations that would be dangerous in the real world.
Why do companies use simulations?Simulations allow for companies to be able to test for how different situations and scenarios would affect the company. One way they do this is by putting their empooyees into simulations.
In these simulations, the company isfree to test anything it wants to test. This includes situations that might be dangerous to the employees in the real world, but would be fine to test in a simulation as it is not real.
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May 1: Prepaid rent for three months, $1,800 May 5: Received and paid electricity bill, $50 May 9: Received cash for meals served to customers, $340 May 14: Paid cash for kitchen equipment, $2,900 May 23: Served a banquet on account, $1,560 May 31: Made the adjusting entry for rent (from May 1). May 31: Accrued salary expense, $2,700 May 31: Recorded depreciation for May on kitchen equipment, $570 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.
If Sweet Catering had recorded transactions using the Cash method, the net income (loss) they would have recorded for May is ($4,410) instead of ($1,480) under the accrual method.
What is the difference between the cash method and the accrual method?The cash method records revenue and expenses when cash is received or payment is made.
On the other hand, the accrual method recognizes revenue and expenses for the period, whether cash is received/paid or not.
The accrual method records revenue when an invoice is raised and when a bill is received, unlike the cash method.
Transaction Analysis:May 1 Prepaid Rent $1,800 Cash $1,800
May 5 Electricity Expense $50 Cash $50
May 9 Cash $340 Service Revenue $340
May 14 Kitchen Equipment $2,900 Cash $2,900
May 23 Accounts Receivable $1,560 Service Revenue $1,560
May 31 Rent Expense $600 Prepaid Rent $600
May 31 Salary Expense $2,700 Salary Payable $2,700
May 31 Depreciation Expense $570 Accumulated Depreciation $570
Cash Method for Income Statement:Service revenue $340
Expenses:
Rent $1,800
Electricity 50
Kitchen equipment $2,900
Total cash expenses = $4,750
Net income (loss) = ($4,410)
Accrual Method for Income Statement:Service revenue $1,900
Expenses:
Rent $60
Electricity 50
Salary $2,700
Depreciation $570
Total expenses = $3,380
Net income (loss) = ($1,480)
For the purchase of kitchen equipment, the accrual method records depreciation expense for the month while the cash method records the full amount paid for kitchen equipment on May 14.
Thus, a higher net loss is recorded for May when Sweet Catering uses the Cash method than the Accrual method.
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Which approach is a positive way to deal with conflicts?
Answer:
trying to evaluate the situation from all diff perspectives
Beginning investments should be?
Answer:
Investment Beginner
There are plenty of investments for beginners, including mutual funds and robo-advisors.
…
Here are six investments that are well-suited for beginner investors.
401(k) or employer retirement plan.
A robo-advisor.
Target-date mutual fund.
Index funds.
Exchange-traded funds (ETFs)
Investment app
Explanation:
Most people in the US own stocks or bonds primarily through
Answer:
There 401k or other retirement accounts
Explanation:
most people are provided these through there jobs and are provided so they do not have to do any research themselves
Gains on the sale of long-term assets are:
A. added to operating activities.
B. added to investing activities.
C. added to financing activities.
D. subtracted from operating activities.
Gains on the sale of long-term assets are added to investing activities. Therefore, option B is correct.
When a long-term asset is sold at a gain, the cash received from the sale is classified as a cash inflow in the investing activities section. This section of the statement of cash flows includes transactions related to the sale of long-term assets, such as property, plant, and equipment, and investments in other companies.
Gains on the sale of long-term assets are considered investment-related gains and are included in this section to provide a comprehensive view of the organization's investing activities.
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Taxes are costly to market participants because they
a. transfer resources from market participants to the government.
b. alter incentives.
c. distort market outcomes.
O d. All of the above are correct.
Considering the available options, Taxes are costly to market participants because All of the above is correct.
This is evident in that taxes are costly to market participants because they "transfer resources from market participants to the government."
The resources here are capital resources which come in the form of money.
Also, taxes are costly to market participants as it alters the incentives to buy or conduct business.
Again, taxes are costly to market participants because they alter or affect the market outcomes.
Hence, in this case, it is concluded that the correct answer is option D. "All of the above is correct."
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A diesel-powered tractor with a cost of $250,020 and an estimated residual value of $6,200 is expected to have a useful operating life of 73,000 hours. During April, the tractor was operated 200 hours. Determine the depreciation for the month. If required, carry out any division to two decimal places. $fill in the blank 1
Answer: 365
Explanation:
Select True or False for the following statements about selling a draw game Lottery ticket.
You only need to use the Lottery terminal to sell a draw game Lottery ticket.
You use the Lottery terminal and POS to sell a draw game Lottery ticket.
Submit
True, because the lottery game itself its a jackpot
You only need to use the Lottery terminal to sell a draw game Lottery ticket True for the following statements about selling a draw game Lottery ticket.
What is the statement?Statements are sentences that express a fact, idea, or opinion. Statements do not ask questions, make requests or give commands. They are also not utterances. Statements are sentences that express a fact, idea, or opinion. Statements do not ask questions, make requests or give speech acts. They are also not exclamations.
The drawings used to select the winning numbers give draw games their name. Draw games offer a range of prize tiers, and most have jackpots that increase until a winner is found! You will receive a set of numbers when you purchase a draw game ticket, and your objective is to match those numbers to those that the lottery draws.
Multi-Draw refers to a feature of the game that enables players to choose Plays for up to twenty (20) successive Drawings commencing with the following scheduled Drawing on a single (1) Ticket. The price of a Multi-Draw Ticket is determined by the Player's choice of the number of Draws and wager size.
Therefore, The following statement regarding the sale of a lottery ticket for a draw game is accurate.
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explain Milton Friedman’s arguments against stakeholder theory