The depreciation expense for year 2 A. $4,500
To calculate the depreciation expense for year 2 using the units-of-production method, we need to determine the depreciation rate per hour and then apply it to the number of hours the equipment was used in year 2.
First, we subtract the residual value ($10,000) from the initial cost ($160,000) to find the depreciable amount:
$160,000 - $10,000 = $150,000.
Next, we divide the depreciable amount by the equipment's total life of 100,000 hours to find the depreciation rate per hour:
$150,000 / 100,000 hours = $1.50 per hour.
Finally, we multiply the depreciation rate per hour ($1.50) by the number of hours the equipment was used in year 2 (3,000 hours) to calculate the depreciation expense for year 2:
$1.50 x 3,000 hours = $4,500.
Therefore, the correct answer is A. $4,500.
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Senior managers engage in ______ when they structure the organizational relationships to work cooperatively to achieve goals.
The thing which senior managers engage in when they structure the organizational relationships to work cooperatively to achieve goals is:
Efficiency and Effectiveness.What is Efficiency?This refers to the ability to perform a task or tasks quickly, accurately and with minimal error.
With this in mind, we can see that when senior managers prioritize efficiency and effectiveness in their organizational structure, then they would easily accomplish goals.
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What accounting book should a merchandising business use to show a payment and transaction history for each customer who bought items
with credit?
When a company has customers who buy units of merchandise on credit, its accountant will post entries in the ____
Answer:
Accounts receivable subsidiary ledger.
Explanation:
Answer: accounts receivable subsidiary ledger
Explanation:Specialized journals are useful when posting entries for frequent business transactions. For example, a cash receipt journal captures cash transactions. This is different from an accounts receivable subsidiary ledger, which shows a payment and transaction history for each customer who bought items with credit
Why are labor unions able to negotiate effectively with companies where individual workers can't?
Help please 80 points!!!
Answer:
As said from quizzlet, Labor unions can use the power of collective bargaining and strikes to make management listen. Instead of using the power of one, easily replaced worker, the union uses the power of all workers for leverage.
Explanation:
Barbie's trading company sells Barbie's doll and the annual demand is 2800 doll.It costs the company $33 to place an order and the carrying cost is 7% of the unit cost.The cost of each doll is $40.The supplier offers the following discounts to Barbie's Company. Order Quantity < 100 Discount None 4% Unit Cost $40 $38 100 quantity < 200 200 8% $37.20 a) What would be the optimal order quantity? b) What is the minimum annual inventory cost? (18 marks) (2 marks)
To find the optimal order quantity and the minimum annual inventory cost for Barbie's trading company, we can use the economic order quantity (EOQ) formula.
a) Optimal Order Quantity:
The EOQ formula is given by:
EOQ = √[(2DS) / H]
where:
D = Annual demand = 2800 dolls
S = Ordering cost per order = $33
H = Carrying cost per unit per year = 7% of the unit cost = 0.07 * $40 = $2.80
Using these values, we can calculate the EOQ:
EOQ = √[(2 * 2800 * 33) / 2.80]
= √[(184,800) / 2.80]
= √66,000
≈ 257.25
Since the order quantity needs to be a whole number, the optimal order quantity would be rounded up to the nearest whole number. Therefore, the optimal order quantity is 258 dolls.
b) Minimum Annual Inventory Cost:
To calculate the minimum annual inventory cost, we need to consider the total cost, which includes ordering cost and carrying cost.
Total Cost = (D / Q) * S + (Q / 2) * H
where:
Q = Order quantity
We can calculate the total cost for each discount level and choose the one with the minimum cost.
For no discount (unit cost = $40):
Total Cost = (2800 / 258) * 33 + (258 / 2) * 2.80
= 280.62 + 361.20
= $641.82
For discount 1 (unit cost = $38):
Total Cost = (2800 / 258) * 33 + (258 / 2) * 2.80
= 280.62 + 346.80
= $627.42
For discount 2 (unit cost = $37.20):
Total Cost = (2800 / 258) * 33 + (258 / 2) * 2.80
= 280.62 + 343.20
= $623.82
Therefore, the minimum annual inventory cost is $623.82 when the order quantity is 258 dolls with a unit cost of $37.20.
Note: The answer assumes that the discount applies to the entire order quantity.
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Nancy has $21,000 in cash and monthly expenses of $7,000. Using the liquidity ratio, how long could she live on her monetary assets if she were to lose her job
Nancy has $21,000 in cash and monthly expenses of $7,000. Using the liquidity ratio she could live on her monetary assets for 3 months if she were to lose her job
A crucial group of financial indicators known as liquidity ratios is used to assess a debtor's capacity to settle current debt commitments without the need for outside funding. The measurement of indicators such as the conversion rate, quick ratio, and operating cash ratio allows us to calculate liquidity ratios, which assess a company's capacity to satisfy debt obligations as well as its margin of safety. The current ratio, quick ratio, and cash ratio are the three liquidity ratios that are most frequently utilised. For every one of the cash flows, the exponent of the formula is the quantity of liquid assets, and the denominator is the amount of outstanding liabilities.
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Nancy has $21,000 in money and monthly expenses of $7,000. Using the liquidity ratio, how lengthy should she live on her economic assets if she were to lose her job.
Liquidity ratios are a measure of the capability of a enterprise to pay off its non permanent liabilities. Liquidity ratios determine how quickly a company can convert the property and use them for meeting the dues that arise. The greater the ratio, the easier is the capacity to clear the debts and avoid defaulting on payments.
What ratio is liquidity ratio?A liquidity ratio is a size which is used to indicate whether or not a debtor will be capable to pay their short-term debt off with the money they have without difficulty available, or whether or not they shall need to raise additional capital to cowl the amount.
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https://brainly.com/question/30144662#SPJ4In Ohio, what is the typical salary for a cost estimator who is in the top 10%?
Answer:
The typical salary for a cost estimator who is in the top 10% is $117,272
Explanation:
The salary of cost estimator in Ohio ranges between $54418 to $117,272.
$117,272 lies in the top 10% while the bottom 10% get $54418
On an average, the salary of cost estimator falls between $66,800 and $99,700
_______ is effective for sharing routine information
Information sharing is effective for sharing the routine information.
What is Information sharing?Information sharing describes the exchange of information between various businesses, individuals, and technological platforms. Widely dispersed networks, intranets, cross-platform interoperability, application porting, and IP protocol standardization have all dramatically accelerated the sharing of information globally. However, the majority of countries have laws that prohibit transmitting personal information without explicit authorization, regardless of how easy the data transfer itself may be. In the United States and Europe, it is against the law to share a person's personal information without that person's express agreement. Information sharing is expanding as more networks and organizations connect up and it becomes easier to share information online. There are numerous additional forms of information sharing that are not illegal.
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The selling and administrative expense budget of Ruffing Corporation is based on budgeted unit sales, which are 4,000 units for February. The variable selling and administrative expense is $8 per unit. The budgeted fixed selling and administrative expense is $78,000 per month, which includes depreciation of $11,000 per month. The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the February selling and administrative expense budget should be:
The cash disbursements for selling and administrative expenses on the February budget would be $99,000.
To calculate the cash disbursements for selling and administrative expenses on the February budget, we need to consider the variable and fixed expenses.
Variable selling and administrative expense per unit: $8
Budgeted unit sales for February: 4,000 units
Variable selling and administrative expense: $8 * 4,000 units = $32,000
Fixed selling and administrative expense (excluding depreciation): $78,000 - $11,000 = $67,000
Total cash disbursements for selling and administrative expenses in February:
= Variable selling and administrative expense + Fixed selling and administrative expense
= $32,000 + $67,000
= $99,000
Therefore, the cash disbursements for selling and administrative expenses on the February budget would be $99,000.
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explain the importance of office to an organisation
Answer:
Answer to the following question is as follows;
Explanation:
The office aids in the management of the operations of various employees and departments inside an organisation or corporation. Controlling guarantees that the different company operations are carried out with great precision. Remembering Facility: The office safeguards vital statistical information.
So, we say that offices are necessary for organisations.
Suppose the interest rate is 6.7% APR with monthly compounding. What is the present value of an annuity that pays $105 every three months for four years? (Note: Be careful not to round any intermediate steps less than six decimal places.) The present value of the annuity is $ (Round to the nearest cent.)
The present value of the annuity that pays $105 every three months for four years is approximately $1,736.18.
To calculate the present value of the annuity, we can use the formula for the present value of an ordinary annuity:
PV = C * (1 - (1 + r)^(-n)) / r
Where PV is the present value, C is the cash flow per period ($105), r is the interest rate per period (6.7% divided by 12 for monthly compounding), and n is the total number of periods (four years multiplied by 12 for monthly compounding).
By plugging in the values and performing the calculations, we find that the present value is approximately $1,736.18.
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A neighbor’s kid comes into your backyard and jumps on the trampoline without your permission or knowledge. He falls off and lands on his head, resulting in a week’s hospital stay.
The first step should making sure such child receives proper medical attention. When he is well, we can have a conversation with the neighbor to prevent it from happening again..
What should be done in the event?It is very important to prioritize the child's health in this situation and once the medical attention has been sought, we can have a calm and respectful conversation with the child's parent to discuss the incident for future interactions.
One can also review any legal liabilities or insurance policies that could be involved. So, by taking proactive steps to prevent similar incidents in the future can help maintain positive relationships with neighbors while ensuring everyone's safety.
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7. If you were old enough to get a credit card but unable to get one because you didn't have enough of a credit history, which of the alternate options for establishing credit would you prefer to use? Why? (2-4 sentences)
Answer:
I would prefer to use a department store card because I feel like it would be very affordable and easy for me to maintain. For example, if I were to get a Target card I would buy my groceries then easily pay it off with money I get from a paycheck
Explanation:
To pay for a home improvement project that totals $11,000, genesis is choosing between taking out a simple interest bank loan at 6% for 3 years or paying with a credit card that compounds monthly at an annual rate of 16% for 6 years. Which plan would give genesis the lowest monthly payment?.
The monthly credit card payment would be $396.49, which is lower than the monthly payment on the bank loan.
An uncomplicated explanation of a loanWhen money is given to someone else with the knowledge that it would be returned with interest, it is referred to as a loan. Lenders will consider a borrower's income, credit rating, and level of debt before deciding to grant a loan.
What is a loan primarily used for?Consolidating debt is one of the most common reasons for obtaining a personal loan. According to a 2022 Lending Tree analysis, debt consolidation was the most frequently cited reason for personal loan requests among borrowers with excellent credit.
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Choosing the higher education institution with the cheapest sticker price
might be a bad idea because
A.)sticker prices always have hidden costs which may increase the overall costs
B.)cheaper schools usually charge more for housing which is not a part of a
sticker price
C.)cheaper schools usually will not allow you to apply for financial aid
D.)more expensive schools may be cheaper once the net cost has been
determined
Answer: D. more expensive schools may be cheaper once the net cost has been determined
Explanation:
Choosing the higher education institution with the cheapest sticker price might be a bad idea because more expensive schools may be cheaper once the net cost has been determined.
It should be noted that sticker prices with regards to higher education scan sometimes give false information about the fees which will be eventually be paid. This is because one ma eventually find out that the total fees that were paid in the assumed cheaper school may be more than the expensive school once the net cost has been calculated and determined.
In order for one to be able to make a thorough decision on one's choice of school, higher institutions should provide better and more detailed information regarding the amount that students will pay in their schools net of grants or maybe scholarships.
The higher education institution and the sticker price are directly related to each other higher the education system higher will be the sticker price that is the total cost of the yearly tuition, books, room rents, and other fees that are charged within the institutions.
Choosing the higher education and the cheaper sticker price is a bad idea because:
Option D. more expensive schools may be cheaper once the net cost has been determined.
The higher education and cheaper sticker price are bad because the sticker prices quoted about the fees sometimes gives false information that will be eventually paid in the future once the net cost has been calculated and determined.
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Animeat is a company that sells food for exotic animals in the UAE. Business is going well but they predict they will have some cash flow problems five months from now. What type of finance do you recommend? Explain your recommendation
Answer:
Animeat should access a flexible line of credit.
Explanation:
While it is common knowledge that businesses including those that are profitable would at one time or another have cash flow problems, yet it is pertinent for business owners and managers to always plan ahead against lack or shortage of cash flow as such could lead to total collapse of the business or customers/suppliers loss.
With regard to the above scenario, I would suggest Animeat access a flexible line of credit like invoice finance,overdraft facilities or short term business loan etc, inorder to meet up with it's food supply when the time comes. This would give the business quick access to funds/cash hence cushion the effect of cash flow problem during the predicted time.
The most important source of finance is to find the one that suit the business need and in which interest payment will be seamless so that available cash will not be depleted.
juju's dividend next year is expected to be 5.50. it is trading at $45 and is expected to grow at 4 percent per year. what is juju's dividend yield and capital gain?
Jujus dividend yield and the capital gain, based on the dividend per share, can be found to be:
Capital gain - $1.80Dividend yield - 12.22%How to find the dividend yield?The dividend yield can be found by the formula:
= Dividend per share / Price per share
Dividend per share = $5.50
Price per share = $45
The dividend yield is:
= 5.50 / 45
= 12.22%
The capital gain will be:
= (Selling price x ( 1 + growth rate) ) - Selling price
= ( 45 x ( 1 + 4%) ) - 45
= $1.80
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If the price of a blu-ray disc player is three times the price of an mp3 player, then a blue-ray disc player contributes
a. more than three times as much to gdp as does a mp3 player.
b. less than three times as much to gdp as does a mp3 player.
c. exactly three times as much to gd
The blue-ray disc player contributes exactly three times as much to GDP as does a MP3 player that is option C is correct.
GDP or gross domestic product may be defined as the size of the country's economy over a specified period of time or within a financial year. It is the measure of the country's expenses and revenues within the financial year. If the price of the blue-ray disc is three times the price of mp3 player so the contribution will also be three times as the GDP solely depends on the prices of the entities purchased or bought within the country. It is neither higher nor it is lower than three times. GDP is an important feature in determining the country's progress as in today's world economy is one of the most important factors in determining progress of country. Most of the developed countries have their GDPs in great number.
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Uinn signs a check "pay to the order of Ronda" drawn on Quinnâs account in Suburban Bank. Quinn has $400 in his account but the amount of the check is $500, which the bank pays. This is
a, a stale check
b, a dishonored check
c, an overdraft
d, a postdated check
This is an overdraft. An overdraft is a cheque that is paid by a bank when the checking account on which it is written does not have enough money to cover it.
What is meant by overdraft check?When you don't have enough funds in your account to cover a transaction but the bank nonetheless honors it, you have an overdraft. There could be a "overdraft" fee assessed if it pays even though you don't have the funds in your account. You may be assessed a "bounced-check" or "nonsufficient funds" fee if your bank returns your check without clearing it. When a transaction brings your account balance below zero and you are unable to cover the transaction with available money, overdraft fees apply. No matter how much money is transacted, your bank or credit union will normally impose a fee that is a fixed sum. Deposits into your account are used to cover the overdraft, such as when your salary is received.To learn more about overdraft check refer to:
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In a period of steep increases in interest rates, which issuer is most likely to be negatively affected
Answer:
the answer to yout question is utility companys
Explanation:
a company reports the following information: month units sold total cost january 920 $ 5,470 february 1,820 $ 6,940 march 2,440 $ 8,100 april 620 $ 3,750 using the high-low method, the estimated variable cost per unit is:
The high-low method involves using the highest and lowest data points to estimate the variable cost per unit. In this case, the highest data point is March with 2,440 units sold and a total cost of $8,100.
The lowest data point is April with 620 units sold and a total cost of $3,750. To calculate the estimated variable cost per unit, we need to find the difference in total costs between the two data points and divide it by the difference in units sold. The difference in total costs is $8,100 - $3,750 = $4,350. The difference in units sold is 2,440 - 620 = 1,820.
Therefore, the estimated variable cost per unit is $4,350 / 1,820 = $2.39 (rounded to two decimal places).
The high-low method assumes that the variable costs are linearly related to the number of units sold. By comparing the highest and lowest data points, we can calculate the slope of the cost function and estimate the variable cost per unit. In this case, the estimated variable cost per unit is $2.39, indicating that for each additional unit sold, the variable cost is estimated to increase by $2.39. However, it's important to note that this method simplifies the relationship between costs and units sold and may not capture all the complexities of the cost structure.
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Blossom Corp management will invest $300,000 $605,000 $200,000 $818,400 $1,239,644 and $1,617,848 in research and development over the next six years. If the appropriate interest rate is 5%, what is the future value of these investments eight years from today?
The desired future value of the investments after eight years is approximately $6,839,504.12.
How to calculate the future value?To calculate the future value, we can use the formula:
\(FV = PV * (1 + r)^n\)
Let's calculate the future value for each investment and then sum them up to find the total future value.
Investment 1:PV1 = $300,000
r = 5% = 0.05
n = 8 years
FV1 = $300,000 *\((1 + 0.05)^8\)
FV1 = $430,467.21
Investment 2:PV2 = $605,000
r = 5% = 0.05
n = 8 years
FV2 = $605,000 * (\(1 + 0.05)^8\)
= $867,139.08
Investment 3:PV3 = $200,000
r = 5% = 0.05
n = 8 years
FV3 = $200,000 *\((1 + 0.05)^8\)
= $286,063.54
Investment 4:PV4 = $818,400
r = 5% = 0.05
n = 8 years
FV4 = $818,400 *\((1 + 0.05)^8\)
= $1,170,897.12
Investment 5:PV5 = $1,239,644
r = 5% = 0.05
n = 8 years
FV5 = $1,239,644 *\((1 + 0.05)^8\)
= $1,773,568.81
Investment 6:PV6 = $1,617,848
r = 5% = 0.05
n = 8 years
FV6 = $1,617,848 * \((1 + 0.05)^8\)
= $2,311,369.36
Total Future Value = FV1 + FV2 + FV3 + FV4 + FV5 + FV6
Total Future Value = $430,467.21 + $867,139.08 + $286,063.54 + $1,170,897.12 + $1,773,568.81 + $2,311,369.36
Total Future Value = $6,839,504.12
Therefore, the desired future value of the investments after eight years is approximately $6,839,504.12.
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The owner of fast-growing Jackson Lumber has called you in to provide financial consulting services. The owner complains that he never seems to have enough cash on hand to fund his business. During your research, you find that the company is exceeding its sustainable growth rate. Which of the following actions would you recommend to improve the cash position of the company?
A. Take on more debt.
B. Reduce the sale of products that are not producing sufficient profit margins.
C. Consider price increases to existing products.
D. Increase the dividend that is paid to shareholders.
E. A, B, and C above.
Given that Jackson Lumber is growing faster than its sustainable rate, a mix of choices B and C would be advised in order to strengthen the company's cash position. In light of the aforementioned, the solution would be E: A, B, and C.
Increasing debt may enhance short-term cash flow, but it also exposes the organisation to greater financial risk and interest costs. The company is already growing faster than it can support, so taking on more debt could ultimately make the cash flow problem worse.Reducing sales of goods with insufficient profit margins would help the business make the best use of its resources. The business can boost its overall financial performance and produce more cash by concentrating on products with larger profit margins.
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Advances in technology has increased the number of people needed to
A. Develop computer software
B. Teach children in schools
C. Work on assembly lines
D. Serve in the military
Answer:
A. develop computer software
by wr
workbook:
1.1 Assets minus Owner's Equity
A. Current liabilities
B. Capital
C. Liabilities
D. Current assets
Answer:
C. Liabilities
Explanation:
Financial accounting can be defined as the field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time.
Owner's equity is simply what a person owns outrightly and it is also referred to as net worth. It can be defined as the value of financial and non-financial assets owned by a person minus the total outstanding liabilities or debts of that person. Simply stated, owner's equity refers to the difference between the amount a person own (asset) and the amount owed (liability).
Mathematically, net worth is given by the formula;
\( Owner's \; equity = Total \; assets - Total \; liabilities\)
Making liabilities the subject of formula, we have;
\( Total \; liabilities = Total \; assets - Owner's \; equity \)
In Financial accounting, liability can be defined as the amount of money being owed by an individual or organization to another.
Simply stated, liability is a debt being owed and as such it usually has "payable" in its account title on the balance sheet.
Generally, liabilities are recorded on the right side of the balance sheet and it comprises of financial informations such as warranties, bonds, loans, deferred revenues, mortgages, account payable etc.
Hence, Assets minus Owner's Equity is equal to Liabilities.
Click this link to view O*NET's Work Activities section for Registered Nurses. Note that common activities are listed
toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some
common work activities performed by Registered Nurses? Check all that apply.
communicating with supervisors, peers, or subordinates
making decisions and solving problems
repairing and maintaining mechanical equipment
drafting technical devices
assisting and caring for others
O documenting/recording information
Answer:
acdf
Explanation:
Answer:
C,D,E
Explanation:
right on Edge
why might a company decide against using hydroelectric energy as an alternative energy resource?(1 point)
The decision against using hydroelectric energy as an alternative resource will depend on a company's specific circumstances, including its location, resources, financial capacity, environmental considerations, and long-term energy requirements.
There could be several reasons why a company might decide against using hydroelectric energy as an alternative energy resource:
1. Geographical Limitations: Hydroelectric power relies on the availability of suitable water resources, such as rivers or waterfalls. If a company is located in an area with limited or unreliable water resources, it may not be feasible to implement hydroelectric power generation.
2. Environmental Impact: While hydroelectric power is generally considered a clean and renewable energy source, it can have significant environmental impacts. Constructing dams and reservoirs for hydroelectric projects can lead to the displacement of communities, loss of biodiversity, and alteration of natural river ecosystems. Some companies may decide against using hydroelectric energy due to concerns about the ecological consequences and potential negative public perception.
3. High Capital Costs: Developing a hydroelectric power project can involve significant upfront investment. Constructing dams, turbines, and other infrastructure can be costly, especially for smaller companies with limited financial resources. The financial feasibility of a hydroelectric project may not align with a company's budget or return on investment requirements.
4. Regulatory Challenges: The development of hydroelectric power projects often requires obtaining permits, complying with environmental regulations, and navigating complex legal frameworks. The regulatory process can be time-consuming and expensive, potentially deterring companies from pursuing hydroelectric energy as an alternative.
5. Dependence on Water Availability: Hydroelectric power generation relies on a consistent and sufficient water supply. Seasonal variations in water availability or periods of drought can impact the reliability and predictability of hydroelectric power production. Companies seeking a more reliable and consistent energy source may opt for alternatives that are not as dependent on weather patterns.
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6) Which item of information is not part of the assessment of the general characteristics of the supply to an installation? The: a) Number of circuits supplied from the consumer control unit b) Earth-
The item of information that is not part of the assessment of the general characteristics of the supply to an installation is the "Type and rating of the overcurrent device at the origin of the installation."
When assessing the general characteristics of the supply to an installation, several factors are considered. These include the number of circuits supplied from the consumer control unit, the earth-fault loop impedance (Z e ) external to the installation, and the nominal voltage (U 0 ).
These factors help evaluate the overall supply infrastructure, electrical safety, and compatibility with the installation requirements. However, the type and rating of the overcurrent device at the origin of the installation are not directly related to the assessment of the supply characteristics.
The overcurrent device, such as a fuse or circuit breaker, is part of the installation's protective measures and is evaluated separately for its appropriateness and adherence to safety standards.
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The Complete Question is :
Which item of information is not part of the assessment of the general characteristics of the supply to an installation?
a) Number of circuits supplied from the consumer control unit
b) Earth-fault loop impedance (Ze) external to the installation
c) Nominal voltage (Uo)
d) Type and rating of the overcurrent device at the origin of the installation.
The main types of markets are called _____.
residential
consumer
industrial
customer
Choose the best words to complete each sentence and form a true statement.
Alice is a Chinese-American student. She needs student aid to
her college education. Due to her origins, she could get a(n)
-based scholarship. She could also apply for other kinds of scholarships for which she is
. Although Alice could get a loan, she should really try getting a scholarship because money received as a scholarship is essentially
money.
Answer:
Financial; ethnicity; eligible; free.
Explanation:
Federal student loans can be defined as a form of financial aid given to college or university students with varying financial means, so as to enable them gain access to higher education.
In the United States of America, the U.S Department of Education is saddled with the responsibility of administering the federal student loans.
In this scenario, Alice is a Chinese-American student. She needs student financial aid to her college education. Due to her origins, she could get an ethnicity-based scholarship. She could also apply for other kinds of scholarships for which she is eligible.
Although Alice could get a loan, she should really try getting a scholarship because money received as a scholarship is essentially free money.
Answer:
fund, ethnicity, eligible, free.
Explanation:
plato
Two brothers who were certified public accountants worked together at a large accounting firm practicing their chosen profession. The older brother was concerned about his younger brother's apparent inability to show up at his job by 9 a.m. each morning, sober and clear-eyed. One day, after the younger brother showed up late for work yet again, the older brother told him that if he would show up at the office sober and ready to work by 9 a.m. each morning for the next 10 months, he would pay him $15,000 at the end of that time. The younger brother accepted the offer and complied with its terms from that day forward. Nine months later, the older brother died unexpectedly. One month after that, the younger brother filed a claim with his brother's estate for the $15,000. Will the younger brother prevail in his claim
Answer: Yes. The younger brother will prevail in his claim since he has performed under a valid contract.
Explanation:
Based on the information given, the younger brother will prevail in his claim because he has performed under a valid contract.
Based on the information given, he entered into a valid contract with his elder brother, accepted the offer and complied with its terms from that day forward. Since he performed the contract, he's entitled to the $15000 when after his brother's death.