Answers
To forecast using Excel for the third quarter, gather historical data, select a forecasting approach, enter the data, employ the approach, assess the forecast, and revise it in light of actual outcomes.
How can I use Excel to forecast quarterly data?In the Data tab, select Forecast Sheet under the Forecast group. Choose a line chart or a column chart for the forecast's visual representation in the Build Forecast Worksheet box. Choose a conclusion date in the Forecast End box, then click Generate.
How are quarterly sales forecasted?Sales projection = expected client count x average customer order value is the formula. Approach for new businesses: This technique is used for startups and small companies without any prior experience.
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Related Questions
A policy of permitting the people of a country to buy and sell where they please, without restrictions, is called:
Answers
Answer: free trade
Explanation:
A policy of permitting the people of a country to buy and sell where they please, without restrictions, is referred to as the free trade.
Free trade allows countries interact with one another and trade the foods and services that they've.
Someone help choose correctly
Answers
Answer:
Bottom one for sure and least I think is either top one or the second to last.
what's your favorite subject in school?
Answers
Answer: Science
Explanation:
Fariq purchases and places in service in 2020 personal property costing $2,611,000. The taxpayer plans to apply the Sec. 179 deduction, but not bonus depreciation. What is the maximum Sec. 179 deduction that Fariq can deduct, ignoring any taxable income limitation
Answers
The maximum deduction that Fariq can deduct is $1,019,000
Solution
In the year 2020, the Sec 179 deduction expense is given as 1040000 dollars. This the deduction expense given that the qualifying personal property has a worth that is greater than 2590000 dollars.
Then the phase out would be the difference between the amount of investment and property cost
Phase out = 2611000 - 2590000
= 21000 dollars
Maximum Sec. 179 deduction = $1,040,000 - 21000
= $1,019,000
The maximum deduction that Fariq can deduct is therefore $1,019,000
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An investment will pay $15,000 at the end of each year for eight years and a one-time payment of $150,000 at the end of the eighth year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Determine the present value of this investment using a 7% annual interest rate. (Round your answer to the nearest whole dollar.)
Answers
Answer:
Total investment PV = $176,865
Explanation:
a) Data and Calculations:
PV (Present Value) $89,565
N (Number of Periods) 8.000
I/Y (Interest Rate) 7.000%
PMT (Periodic Receipts) $15,000.00
b) Calculation of Present value of $15,000 with the annuity factor of 5.971 (7% interest for 8 years):
Present value of $15,000 * 5.971
= $89,565
c) Calculation of Present value of $150,000 at the end of 8 years at 7% interest:
Present value of $150,000 * 0.582 = $87,300
d) Total present value of the investment:
Annuity Present value = $89,565
Present value of lump sum = $87,300
Total investment PV = $176,865
Investment is referred to as the process in which the person invests in any of the assets with the intention or the goal of generating income from the invested assets. It is the appreciation of the value of assets over a period of time.
The Present Value of the investment is = $176,865
a) Data and Calculations:
PV (Present Value) $89,565
N (Number of Periods) 8.000
I/Y (Interest Rate) 7.000%
PMT (Periodic Receipts) $15,000.00
b) Calculation of Present Value of $15,000 with the annuity factor of 5.971 (7% interest for 8 years):
Present value of \(\$15,000 \times 5.971\)
= $89,565
c) Calculation of Present Value of $150,000 at the end of 8 years at 7% interest:
Present value of \(\$150,000 \times0.582 = \$87,300\)
d) Total present value of the investment:
Annuity Present value = $89,565
Present value of lump sum = $87,300
Total investment PV = $176,865
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Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
Answers
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
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4. True or False? Patchwriting is considered a form of plagiarism. (required) O True O False
Answers
The given statement " Patchwriting is considered a form of plagiarism." is True. Patchwriting is defined as copying or paraphrasing from a source text and then changing a few words or phrases while maintaining the overall structure and meaning of the original text.
While patchwriting may seem like a legitimate way of writing, it is still considered plagiarism because the writer is essentially using someone else's ideas and work without giving proper credit. This type of writing is a violation of academic integrity, which is why it is important for students to avoid patchwriting and instead use their own words to express their thoughts and ideas.
To avoid patchwriting, students can practice proper citation methods, such as citing sources and using quotation marks when using the exact words from a source text. Additionally, students can work on improving their paraphrasing skills, which involves using their own words to convey the same ideas as the original text without changing the meaning. By avoiding patchwriting, students can ensure that they are producing original and authentic work that is free from plagiarism.
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Scenario 6.2
Use the following to answer the questions.
Both the Toyota Sienna and the Nissan Quest were very popular choices for family vans. Toyota noticed that the majority of its customers were families with 3 or more children, and
so they developed commercials that featured larger families. They also produced commercials that featured Hispanic-looking actors and for some markets, in Spanish. Alicia
Desario and her husband were currently shopping for a van for their family. As Alicia listened to an advertisement on the television about the Nissan Quest, she noticed that the
Nissan cost about $27,000 and had gas mileage of about 17 mpg. She recalled an earlier ad for the Toyota Sienna, which also cost about $27,000, but had gas mileage of about 21
mpg. She also liked the way the family was portrayed in the Toyota ad, showing the children in the back seats having plenty of room, watching the DVD players, and having their
own sound controls. When she spoke to Carlos, her husband, about how much she liked the Toyota van, he replied that its gas mileage was too low at only 16 mpg. Since Alicia
didn't agree with that number, he produced a magazine ad that supported his claim of the 16 mpg for the Toyota. Alicia couldn't believe that she had made such an error in hearing
what the gas mileage was for the Toyota and the Nissan.
Refer to Scenario 6.2. Carlos' knowledge of the correct gas mileage is an example of the component of his attitude toward the Toyota, while Alicia's feelings about the children
in the commercial being happy in the Toyota van were an example of the component of her attitude.
a. cognitive; behavioral
O b. cognitive; affective
O caffective; cognitive
O d. affective; behavioral
e. behavioral; affective
El
e
15
42°F Mostly cloudy A
44)
155 PM
150021
[
Answers
The current weather in the scenario is mostly cloudy with a temperature of 42°F and the time is 3:55 PM.
Temperature is an important physical quantity because it can be used to measure the energy of a system, or to characterize the states of matter, such as gas, liquid, or solid. Temperature is also used to measure the thermodynamic properties of materials, such as the heat capacity and thermal conductivity. Temperature is a scalar quantity that is not affected by the direction of its measurement, unlike pressure or velocity. This means that a temperature measurement taken in one direction is the same as a temperature measurement taken in the opposite direction.
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Drag the tiles to the correct boxes to complete the pairs
Match each phrase with the scenario that illustrates it.
Tiles
-international competition
-consumer sovereignty
-wealth creation
-property rights
-profit motive
Answers
Answer:
Explanation:
Here you go! Should help.
Answer:
profit motive, property rights, international competition, consumer sovereignty, wealth creation
Explanation:
<3
8. Exam. Semester Exam
Question 5 of 30
2 Points
Which of these is most likely to lead to an increase in wages?
A. A government with a budget surplus
B. The use of an assembly line
C. Outsourcing and offshoring
D. The formation of a labor union
Answers
Answer:
D. The formation of a labor union
Explanation:
The formation of a labor union will likely lead to an increase in wages because of two main reasons:
Labor unions engage in collective bargaining with employers, and this negotiations usually result in higher wages.Labor unions often restrict the labor supply that enters a particular market: they only allow unionized workers to get the jobs of the industry, and/or keep the labor supply artificially low in other to push wages to rise. This is because, the fewer workers in an industry, the scarcer they are, and the higher their wages become...............................
Answers
(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?
Answers
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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Calculating Cost of Debt For the firm in the previous problem, suppose the book value of the debt issue is $35 million. In addition, the company has a second debt issue on the market, a zero coupon bond with 12 years left to maturity; the book value of this issue is $80 million and the bonds sell for 61 percent of par. What is the company’s total book value of debt? The total market value? What is your best estimate of the aftertax cost of debt now?
Answers
The best estimate of the aftertax cost of debt for the firm is 3.47% in the given case.
To calculate the total book value of debt, we sum the book values of both debt issues:
Total book value of debt = Book value of debt issue 1 + Book value of debt issue 2
Total book value of debt = $35 million + $80 million
Total book value of debt = $115 million
To calculate the market value of the zero coupon bond, we need to find 61% of the face value:
Market value of zero coupon bond = 0.61 x Face value of zero coupon bond
Market value of zero coupon bond = 0.61 x $80 million
Market value of zero coupon bond = $48.8 million
The total market value of debt is the sum of the market values of both debt issues:
Total market value of debt = Market value of debt issue 1 + Market value of debt issue 2
Total market value of debt = $35 million + $48.8 million
Total market value of debt = $83.8 million
To find the aftertax cost of debt, we need to first calculate the yield to maturity on the zero coupon bond. We know that the bond has 12 years left to maturity and sells for 61% of par, so we can use the following formula to find the yield to maturity:
61% of face value = $48.8 million
Par value = $100 million
Years to maturity = 12
Yield to maturity = ?
Solving for the yield to maturity using a financial calculator or spreadsheet, we get:
Yield to maturity = 4.83%
Next, we need to find the aftertax cost of debt for both debt issues separately and then weight them by their respective market values. We are given that the company's tax rate is 40%.
For the first debt issue, we are given that the coupon rate is 8% and that the bonds are currently selling at par, so the beforetax cost of debt is 8%. The aftertax cost of debt is:
Aftertax cost of debt issue 1 = Beforetax cost of debt issue 1 x (1 - Tax rate)
Aftertax cost of debt issue 1 = 8% x (1 - 40%)
Aftertax cost of debt issue 1 = 4.8%
For the zero coupon bond, we already calculated the yield to maturity, which is the beforetax cost of debt. The aftertax cost of debt is:
Aftertax cost of debt issue 2 = Beforetax cost of debt issue 2 x (1 - Tax rate)
Aftertax cost of debt issue 2 = 4.83% x (1 - 40%)
Aftertax cost of debt issue 2 = 2.90%
Finally, we can weight the aftertax costs of debt by their respective market values to get the overall aftertax cost of debt:
Overall aftertax cost of debt = (Market value of debt issue 1 / Total market value of debt) x Aftertax cost of debt issue 1 + (Market value of debt issue 2 / Total market value of debt) x Aftertax cost of debt issue 2
Plugging in the numbers, we get:
Overall aftertax cost of debt = ($35 million / $83.8 million) x 4.8% + ($48.8 million / $83.8 million) x 2.90%
Overall aftertax cost of debt = 3.47%
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Scott cameras produces digital cameras and has decided to switch from a volume based system to an activity based system.Acott produced 100,000 digital cameras in the most recent quarter and has determined that total activity costs were:$3,000,00 materials cost,$500,000 labor costs,$50,000 inspection costs,and $500,000 packaging costs.It takes 30 minutes of labor to produce each camera,inspection are done for 20 percent of all cameras produced,and cameras packaged individually. What are the rates for each of these activities? a
Answers
The rates for each of the activities in Scott Cameras' switch from a volume-based system to an activity-based system are as follows:
- Materials cost rate: $30 per camera
- Labor cost rate: $10 per minute of labor
- Inspection cost rate: $5 per camera
- Packaging cost rate: $5 per camera
1. Calculate the total activity costs for each activity:
- Materials cost: $3,000,000
- Labor cost: $500,000
- Inspection cost: $50,000
- Packaging cost: $500,000
2. Determine the number of cameras produced in the most recent quarter: 100,000 cameras.
3. Calculate the rate for materials cost:
- Divide the total materials cost by the number of cameras produced:
$3,000,000 / 100,000 = $30 per camera
4. Calculate the rate for labor cost:
- Determine the total labor minutes required to produce all the cameras:
30 minutes per camera * 100,000 cameras = 3,000,000 minutes
- Divide the total labor cost by the total labor minutes:
$500,000 / 3,000,000 minutes = $10 per minute of labor
5. Calculate the rate for inspection cost:
- Determine the number of cameras that require inspection (20% of all cameras produced):
20% * 100,000 cameras = 20,000 cameras
- Divide the total inspection cost by the number of cameras requiring inspection:
$50,000 / 20,000 cameras = $5 per camera
6. Calculate the rate for packaging cost:
- Divide the total packaging cost by the number of cameras produced:
$500,000 / 100,000 = $5 per camera
These rates will be used in the activity-based system to allocate costs based on the specific activities involved in producing the digital cameras.
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LEARNING OUTCOMES Occupational learning materials are organized for efficient use. Layout and presentation of learning materials are understood and used effectively. Technical language/ terminology is engaged with, and clarification sought if needed. ACTIVITY 4 Explain how you will find information on the different languages that people speak in your town. State which research tools you will use to do research on this topic?
Answers
To find information on the different languages spoken in your town, you can use research tools such as census data, community surveys, or local government records.
Why are community surveys important?Surveys may assist local governments in understanding where citizens stand on critical issues, how happy they are with city services, how successful the government is in satisfying resident goals, and what those priorities are in the first place.
The census offers a sufficient database for demographic data comparisons and forecasts, as well as social and economic elements of society.
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A team leader sees that a colleague is struggling to finish a project because he has his son’s upcoming biopsy on his mind. She sits down to ask him how he is feeling about the procedure. This is an example of consideration behavior. true or false?
Answers
It is true that if a A team leader sees that a colleague is struggling to finish a project because he has his son’s upcoming biopsy on his mind. this is a consideration behavior.
What is a consideration behavior?
This is the term that is used to refer to all of the behaviors that can be considered to be supportive and also friendly to other people. This is the person that seeks and tries to understand other people.
Hence the way that the leader goes about to talk to the colleague on the issue that he is facing in his family tells us that she is a considerate person.
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julie chaned her filing status
Answers
On her tax return from the previous year, Julie switched her filing status from "Single" to "Head of household." What was the outcome of that? D. Her standard deduction increased. A married couple, their twin boys, age six, and their two-year-old daughter make up the home.
Should I claim single or head of household?
You receive more tax advantages if you file as the Head of Household than if you file as a single person. With the Head of Household filing status, rates are lower and the deduction is higher. However, you must be single or unmarried and cover more than half of the qualifying person's support expenses.
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At which event must special care be taken when prepping food for your guest
Answers
Answer: Im not sure I fully understand what is being asked, but when prepairing food for guests, special care must be taken when prepairing raw meats. Sanitation is vital when it comes to mixing raw meats and veggies.
Explanation:
The event at which special care should be taken when preparing food for the guests is at every event when guests must eat food.
What are special occasions?Special occasions are used to mark important events in the life of the hosts and guests. Food is always prepared and offered at such special events.
The different tastes and preferences of guests must be considered, especially with regard to the use of spices and seasonings.
At every event, where guests are expected to participate in the prepared food, utmost care must be taken to ensure:
A sanitized environmentNecessary precautions for food safetyA dignified dining experience.Thus, the event where special care must be taken when preparing the food for the guests is every event where guests are expected to eat some food.
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A mortgage note payable with a fixed interest rate requires the borrower to make installment payments over the term of the loan. Each installment payment includes interest on the unpaid balance of the loan and a payment on the principal. With each installment payment, indicate the effect on the portion allocated to interest expense and the portion allocated to principal.
Portion Allocated to Interest Expense Portion Allocated to Payment of Principal
a. Decreases, Increases
b. Increases, Increases
c. Increases, Decreases
d. Decreases, Decreases
Answers
Answer: a. Decreases, Increases
Explanation:
With each installment paid, the interest expense goes down while the principal repayment goes up. This is because the amount of Principal reduces with every payment therefore the interest is charged on a lesser figure.
For example, assume $10,000 is to be paid per month on $100,000 mortgage with a 10% rate.
The first time the 10% is charged on $100,000 it will give $10,000 and since the payment is $10,000, all of it will be considered interest.
The second time the 10% is charged it will be charged on $90,000 (100,000 - first payment of $10,000) instead which will.mean interest payment is now only $9,000 (10% of $90,000). The difference of $1,000 ($10,000 payable every month and interest of $9,000) will be Principal repayment.
The third time around then, the amount left is $80,000. Interest payment will be $8,000 and Principal repayment becomes $2,000.
And so on and so forth.
The more productive a company can be, the greater its return on that investment and the higher the profit.
True
False
Answers
Answer: true
Explanation:
What lies is at the heart of the allocation of goods and services in a free-market economy?
Answers
The notion that lies at the heart of the allocation of goods and services in a free-market economy is the Law of Supply and Demand.
How are resources allocated in the free market?In the free market, people are free to supply and demand various types of goods ( so long as they are legal ) which allows for resources to be allocated such that those demands are met.
The way that these resources are allocated is that there is an interaction between those who are able to supply goods, and those who demand those goods, based on the prices that the people selling and buying are willing to accept, or pay.
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Pro-forma FY+1 EPS for Amazon Inc. is expected to be: Review Later $45.71 $36.77 $50.00 $130.33
Answers
Option B. The Pro-forma FY+1 EPS for Amazon Inc. is expected to be 36.77 based on the calculation.
How to solve for the Pro-forma FY+1 EPSThe normalized net earnings = $23688
normalized net earnings of snap = -581
proforma adjustment = - 3134
Total proforma earning = 19973
Next we have to solve for the cost of acquisition
shares of snap * price of snap * (1 + premium)
= 1734 * 44.29 (1 + 20%)
cost of acquisition = $92158.63
Next is the cost financed by equity
= $92158.63 * 80 percent
= 73726.91 dollars
Next is to solve for the new price of the equity issue
= 3099.4 * (1 - 50%)
= 2944.43 dollars
Next is the number of new shares 73726.91 dollars / 2944.43
= 25.04
Total share after acquisition
shares outstanding + new shares
= 518 + 25.04
= 543.04
The EPS would be the next to solve for
this is gotten by the formula
total proforma / number of shares
= 19973 / 543.04
= 36.78
Hence the Pro-forma FY+1 EPS is going to be: $36.77
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complete question: check attachment
Given the following Balance of Payment data for a given country: Current Account Balance: $1,400 Capital Account Balance: $80. What must be the Financial Account Balance: $nothing. (Enter your answer as an integer. Include the minus sign if necessary.)
Answers
Answer:
$1,320
Explanation:. Calculation to determine what must be the Financial Account Balance
Using this formula
Financial Account Balance=Current Account Balance-Capital Account Balance
Let plug in the formula
Financial Account Balance=$1,400-$80
Financial Account Balance=$1,320
Therefore the Financial Account Balance is $1,320
2 years is $24,234. Determine the present value amount, using the following partial table of present value of $1 at compound interest
Answers
The present value amount, given the principal and the partial table of the present value, will be $20,017.28
How to find the present value amount?The present value amount will be the current value of an amount that is denoted in future terms. To find this amount, you need to discount the future amount by a certain discount interest rate, and the number of periods into the future.
The interest rate here is 10% and the amount in 2 years is $24, 234.
Given the partial table of present value of $1 at compound interest, we known that the discount factor for 2 years at 10% is 0.826.
The present value of $24, 234 from two years in the future, in the present is:
= Future value amount x Present value factor for 2 years, 10 %
= 24, 234 x 0.826
= $20, 017.28
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Why u think the porcentage of tax filers has most dramatically increased for the 65+ age group?
Answers
Answer:
The more people that retire, the more it increased.
Explanation:
Typically when people retire, they get their taxes filed. The percentage of the 65+ age group who have their taxes filed increases the more people who retire, then typically use tax filers.
Answer: The percentage of tax filers has most dramatically increased for the 65+ age group because
more people in the 65+ community are retiring and so, they are getting their taxes filed.
Good luck!
(Just need some ideas and inspiration) What do you consider the most important challenge that will face people in the United States in the years ahead?
Answers
Food security, hunger, poverty, population growth, pollution, heatwaves, droughts, and climate change are all interconnected.
What is Food security?Food security refers to the availability of food in a nation and the capacity of its citizens to obtain, afford, and procure enough food.
The United Nations Committee on World Food Security defines food security as everyone having constant physical, social, and economic access to enough, safe, and nourishing food that satisfies their dietary needs and food preferences for an active and healthy life.
Another aspect of food security is the accessibility of food regardless of class, gender, or area.
Food security was a problem many thousands of years ago, as shown by the fact that central governments in ancient China and ancient Egypt were known to release food from storage during famines.
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Which 3 of these can you do when you select the Pencil icon on the
bank account tile in the Banking center in Quickbooks online?
Answers
In Quickbooks Online, the Pencil icon in the Banking center allows you to perform the following actions on a bank account tile:
Edit the account details: You can use this option to change the name or description of the account, or to update the account balance or other account information.
Reconcile the account: You can use this option to start the process of reconciling the account, which involves comparing the transactions in the bank account to your bank statement to ensure that they match and are up to date.
Deactivate the account: You can use this option to deactivate the account if you no longer want to track transactions for it in Quickbooks. This will remove the account from your list of accounts in the Banking center, but it will not delete the account or any of its transactions from your Quickbooks file.
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1.How did Ghana and Korea benefit from the comparative advantage theory and what was their gain from trade.
2. What is the basic message of the completive advantage trade.
Answers
Although rice and cocoa are Ghana's two primary exports, cocoa is where it enjoys a comparative advantage. In terms of rice, Korea is comparative advantage.
What is Ghana's comparative advantage?Ghana's level of "economic complexity" is low because its primary comparative advantages are in the production of natural resources and agricultural goods.
What does South Korea excel in on a comparative basis?Response and Justification: In terms of technology and design, South Korea has a comparative edge. For phones and other electronics products, South Korea holds a substantial market share.
The countries would then have more of both products and Ghana could take over all of Korea's cocoa production.
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Which examples demonstrate common Energy Generation work environments? Check all that apply.
a) Micah climbs utility poles to work on power lines.
b) Royce works outdoors at an oil drilling site.
c) Patty installs pipes to circulate water and steam in manufacturing factories.
d) Alexa operates equipment in the control room of a power plant.
e) Tracee works in customers’ homes installing heating and air conditioning systems.
f) Logan works in a coal mine.
Answers
Answer:
B, D, and F
Explanation:
just did it on edge 2020
Examples demonstrating common Energy Generation work environments:
Royce works outdoors at an oil drilling site.Alexa operates equipment in the control room of a power plant.Logan works in a coal mine.What is the generation of energy?Electricity generation is the production of electricity from sources such as fossil fuels, nuclear power plants, hydroelectric dams (except those with pumped storage), geothermal energy, solar energy, biofuels, wind energy, etc. It comprises the electricity generated in combined heat and power and electricity-only facilities. The three main types of energy used to generate electricity are nuclear energy, renewable energy sources, and fossil fuels (coal, natural gas, and petroleum).
Using fossil fuels, nuclear energy, biomass, geothermal, and solar thermal energy, steam turbines are used to produce the majority of the world's power. Recent decades have seen a surge in alternative energy sources like solar power due to the depletion of natural resources. The importance of electricity generation is underscored by the possibility that certain countries may exhaust all of their fossil fuel supplies in the coming years.
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Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows a $20,361 balance in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 1,850 Outstanding checks 945 Additionally, a $37 check written and recorded by the company was incorrectly recorded by the bank as a $73 deduction. The adjusted cash balance per the bank records should be:
Answers
Answer:
Bank Statement Balance = $20361
Deposit In Transit. = $1850
Outstanding Checks. = $945
Additional Check. = $73-$36
Adjusted Cash Balance. = $23193