Seoul Specialty Hospital (SSH) has just purchased a five-year membership in the Korean Hospital Association (KHA). The membership costs $10,000 and KHA has sent SSH a bill that must be paid within ninety days. How would SSH record this transaction. (Hint: Be sure to distinguish between the long and short term aspects of the transaction.)

Answers

Answer 1

Seoul Specialty Hospital has just purchased a five-year membership in the Korean Hospital Association (KHA) costing $10,000 and the bill must be paid within ninety days. The hospital should record the transaction as a liability and then classify it as either a current liability or a long-term liability depending on the payment schedule.

The Seoul Specialty Hospital (SSH) would record the transaction as a liability in its accounting books. The hospital would classify this liability as either a current liability or a long-term liability, depending on the payment schedule.The bill for the five-year membership that costs $10,000 should be recorded as a liability in the books of the hospital. A liability is a debt or an obligation that the hospital owes to another party. In this case, the hospital owes $10,000 to the Korean Hospital Association (KHA) for the five-year membership.In terms of the payment schedule, the hospital should classify this liability as either a current liability or a long-term liability. A current liability is a debt that the hospital is expected to pay within the next 12 months. A long-term liability is a debt that the hospital is expected to pay after more than 12 months have passed from the balance sheet date.In this case, the bill must be paid within 90 days. Therefore, the hospital should classify this liability as a current liability. If the payment schedule were longer than 12 months, the hospital would classify this liability as a long-term liability. In conclusion, the hospital should record the transaction as a liability and then classify it as either a current liability or a long-term liability depending on the payment schedule.

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Related Questions

*PLEASE HELP ME!*

Sara could practice her guitar or complete her calculus homework. She does not really want to practice her guitar but does so anyway, what is her trade-off?

practicing her guitar
completing her calculus homework
the time it took her to practice guitar.
practicing her guitar and doing her calculus homework

Answers

Answer:

C

Explanation:

suppose the economy is initially operating at equilibrium. in each graph, move the appropriate curve to illustrate the given scenario's effect on the economy.

Answers

To answer this question, assume that we're looking at a basic supply and demand graph, where the horizontal axis represents the number of goods or services being produced, and the vertical axis represents the price.

Here are a few scenarios and how they would affect the equilibrium:

1. Increase in demand: If there is an increase in demand for the product, the demand curve will shift to the right. This means that consumers are willing to buy more of the product at any given price. As a result, the equilibrium price will increase, and the equilibrium quantity will also increase.

2. Decrease in demand: If there is a decrease in demand for the product, the demand curve will shift to the left. This means that consumers are willing to buy less of the product at any given price. As a result, the equilibrium price will decrease, and the equilibrium quantity will also decrease.

3. Increase in supply: If there is an increase in the supply of the product, the supply curve will shift to the right. This means that producers are willing to supply more of the product at any given price. As a result, the equilibrium price will decrease, and the equilibrium quantity will increase.

4. Decrease in supply: If there is a decrease in the supply of the product, the supply curve will shift to the left. This means that producers are willing to supply less of the product at any given price. As a result, the equilibrium price will increase and the equilibrium quantity will decrease.

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After a rough week and against her better judgment, leesa tells tarik she is tired of arguing with him over trip reports. She makes an exception for him and, against policy, says he no longer needs to fill them out. A week later, another sales rep comes to her and asks to stop preparing reports, just like tarik. Why do you think leesa now has a managerial problem?.

Answers

Because she neglected to offer procedural Justice, Pari has a management issue.

What exactly does procedural justice entail?The focus of procedural justice is on how the public and the police communicate, and how those interactions affect how the public perceives the police, how eager they are to follow the law, and the actual crime rates.Probation is one context where research has shown how procedural justice affects people's respect for and cooperation with norms and authority. According to service users, officers that are friendly, nonjudgmental, consistent, fair, and accountable are valued by them.Because she neglected to offer procedural Justice, Pari has a management issue. When she excluded Vihaan, Pari did not practice procedural justice, which is the act of treating every worker at the workplace equally with reference to a specific work method.  

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what is the main purpose of a sin tax?
1)revenue generation
2)behavior adjustment
3)income redistribution
4)resource allocation

Answers

Answer:

1.

Explanation:

cuz it is lol it's the us and or uk

Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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As you read through the draft of your message, you consider whether parts of your message should be rearranged to make your point more effective. Proofreading Evaluating Editing

Answers

Answer:

The correct answer will be "Editing".

Explanation:

Editing seems to be the process where even the letter being written is reconstructed or reconfigured to more efficiently express the letter. Arranging, modifying, as well as assembling a recorded, written, or video content for official completion, commonly by such an individual except for the producer of the content (considered as an editor).

The other options in question aren't relevant to the particular circumstance. So the option available here is just the right one.

Janyell is the money person. All purchases or any funds needed for business activities have to be sent to her and approved first.
Which Function of Business is Janyell most closely
associated with?

A- accounting
B- sales
C- production
D- finance

Answers

Answer:

B?

Explanation:

can woolworths raise extra capital for expansion

Answers

Woolworths can raise extra capital for the expansion a shop in each kingdom in Australia. With the organisation and its stores strolling correctly. Woolworths commenced to experiment with expanding their grocery range more shops began stocking clean culmination and vegetables and a bigger variety of meals.

Woolworths has created an aggressive facet thru its tremendous logistics systems and particularly organized providers' contracts, which ensure that goods are introduced at the proper time. further, the employer uses era to manipulate its delivery chain and stock.

Woolworths has created an aggressive part thru its outstanding logistics systems and relatively organized providers' contracts, which ensure that items are brought at the right time. in addition, the employer makes use of technology to control its supply chain and stock.

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what dose productivity mean​

Answers

Answer:

Productivity means, the act of doing consistent work.

Explanation:

Example: The Factory has gone up by 30% in the last year.

Jenna is working on her productivity so she could pass her class.

A safety equipment salesperson calling on a prospect for the first time should try to schedule an appointment with the focus of _____, a person who will listen to the salesperson and provide valuable information about the types of equipment that the company needs.

Answers

Answer:

receptivity

Explanation:

When dealing with business to business sales, a salesperson has to focus on contacting the right person in the company that will be open and interested on what he/she is offering and that has the knowledge and will be able to give information about the needs they have so the salesperson can offer what the right solution and provide value to them to have the opportunity to close a sale. According to this, the answer is that a safety equipment salesperson calling on a prospect for the first time should try to schedule an appointment with the focus of receptivity which refers to be willing to receive information that is what the salesperson needs from the prospect.

Which of the following parties of a distribution channel would have first contact with the product? Multiple Choice A. consumer B. manufacturer C. retailer D. wholesaler

Answers

Answer:

The answer is D

Explanation:

it is the wholesaler who has the first contact with the product in a distribution channel. it is him who will buy in bulk and sell in little quantity to the retailer's to sell to the consumer which is the final consumer.

free 27 points, come on up, and see if u can earn them- i act weird

Answers

Answer:

haha i am wierd too i feel u

Explanation:

Answer:

i shall win them and im wierd also.

Explanation:

The lactose Operon is turned on in:
a. The presence of lactose only
b. The presence of lactose and glucose
c. The presence of glucose and tryptophan
d. The presence of glucose only

Answers

The lactose Operon is turned on in the presence of lactose only.

The lactose Operon is a regulatory system found in bacteria that controls the expression of genes involved in lactose metabolism. It consists of a promoter, an operator, and three structural genes: lacZ, lacY, and lacA. The operator region acts as a switch, determining whether the structural genes are turned on or off.

In the presence of lactose only, the lac repressor protein, which normally binds to the operator and prevents transcription of the structural genes, is rendered inactive. Lactose acts as an inducer by binding to the lac repressor, causing it to detach from the operator. This allows RNA polymerase to bind to the promoter and initiate transcription of the structural genes.

Consequently, the enzymes encoded by these genes are produced, enabling the bacterium to metabolize lactose.

The presence of glucose or tryptophan does not directly affect the lactose Operon. Glucose metabolism is regulated by a separate system involving the catabolite activator protein (CAP) and cyclic AMP (cAMP). When glucose is present, the levels of cAMP decrease, inhibiting the activity of CAP and reducing the transcription of the lactose Operon. Tryptophan, an amino acid, is unrelated to lactose metabolism and does not influence the operon's activation.

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________ is (are) at the center of the marketing environment.
A. The company itself
B. Corporate partners
C. Competitors
D. Consumers
E. Culture

Answers

Option (d), The marketing environment's focal point is (are) the consumer.

What setting is used for marketing to consumers?

People who buy goods and services for their own domestic or individual use make up the consumer market. People who participate in business markets buy products and services to utilize in the production of things they will sell.

Why do customers matter so much in marketing?

A customer-centric strategy can boost sales: Customers are 93% more likely to spend more money with a company that offers their preferred type of customer support, and 90% more likely to spend more money with a company that customizes the customer service they receive.

What does the marketing phrase "customer focus" mean?

Customer-centric marketing refers to a marketing approach that is focused on the desires and requirements of the consumer. It entails using common sense, intuition, and trustworthy data on customer behavior while prioritizing customers above all other considerations.

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Give your opinion based upon the numbers as to whether production seems to be budgeted properly, and whether the corporation can make an adequate profit above breakeven levels

Answers

Answer:

The production level needs to be budgeted accurately as this is the main strategy which is essential for the success of the business. The corporation cannot make adequate on the breakeven level as this is no profit, no loss situation.

Explanation:

The production level is the basis for sales. If the production level is not accurately estimated then there will be over of under production problems to the business. The over production will result in excess cost to the company and under production will result in lesser profit and sales. The breakeven level is the no profit no loss situation. This is the situation where company earns money equal to its cost and expenses and nothing is saved by the company as profit.

Which part of effective leadership deals with maintaining equity?

Answers

Answer:

the part where you have to lead

Explanation:

If you were the CEO of a company that was looking to implement strategies to fill a perceived strategic-planning gap, you would most likely explore ____ strategy first because it is easier to improve an existing business than to build a new one.

Answers

The strategy of market-penetration will be employed because it is helps to improve an existing business than to build a new one.

What is market-penetration?

The strategy of market penetration is used for a product or service in the existing market to build a larger customer base, increase market sales etc

In conclusion, the strategy of market-penetration will be employed because it is helps to improve an existing business than to build a new one.

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how should salespeople react when buyers voice their concerns or questions? (check all that apply.)

Answers

When buyers voice their concerns or questions, salespeople should:

1. Actively listen: Pay attention to the buyer's concerns and make sure to fully understand their issues before responding.
2. Be empathetic: Put yourself in the buyer's shoes and acknowledge their concerns genuinely.
3. Address the concern: Provide accurate and relevant information to address the buyer's questions or concerns, without providing unnecessary details.
4. Offer solutions: Suggest appropriate solutions or alternatives that can resolve the buyer's concerns or meet their needs.
5. Be professional and friendly: Maintain a positive and courteous demeanor throughout the conversation to foster a good relationship with the buyer.

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How long after taxes are accepted will they be deposited?.

Answers

Most taxpayers who file electronically will get deposited within 21 days. Hope that helps have a good day :)

what are some basic marketing strategies

Answers

Claim Your Business Online.  

think positively.ALWAYS THINK POSITVE!!!

promote it n social media.

be loud to people to everybody be aware of your buisness.

Advertise Online.  

HOPE this helps

take care have a good day

why did God call abraham​

Answers

Answer: god chose Abraham and said i will make you a great nation and i will bless you.

Explanation: god commanded  Abram to move to another country . This is why god planned to make of Abram a new nation from which the prophets of god and the savior of the world would arise.

A price ceiling A. is an illegal price. B. is the maximum price that can legally be charged. C. is the price that exists in a black market. D. Both answers A and B are correct. E. Both answers B and C are correct.

Answers

Answer:

The correct answer is the option B: is the maximun price that can legally be charged.

Explanation:

To begin with, the concept known as "price ceiling" in the economics field refers to the practice that the government uses in order to establish a maximun price that is the one that can be legally charged to the consumers regarding certain products. This policy comprehends an instrument for the government that it uses it with the purpose to guarantee particular products or services that might be essential to the society so therefore the people can buy it.

Shady Sands Corp. began 2023 with retained earnings of $500,000 on its balance sheet. In 2023, the company's earnings per share (EPS) was $2.50 and its dividend paid per share (DPS) was $1.00. The company has 800,000 shares of stock outstanding. How much will Shady Sandys Corp. have in retained earnings on the balance sheet at the end of 2023? (Answer in dollars without cents or dollar sign, $.)

Answers

At the end of 2023, shady sands corp.will have $1,700,000 in retained earnings on its balance sheet.

retained earnings represent the accumulated profits of a company that are not distributed as dividends but are instead reinvested in the business. to calculate the retained earnings at the end of 2023, we need to consider the earnings per share (eps) and dividend paid per share (dps) values provided.

the earnings per share (eps) is given as $2.50, which means that the company earned $2.50 for each outstanding share. with 800,000 shares outstanding, the total earnings for the company in 2023 would be 800,000 * $2.50 = $2,000,000.

the dividend paid per share (dps) is given as $1.00, indicating that the company paid out $1.00 per share as dividends. thus, the total dividends paid by the company in 2023 would be 800,000 * $1.00 = $800,000.

to calculate the retained earnings, we subtract the dividends paid from the total earnings: $2,000,000 - $800,000 = $1,200,000.

finally, we add the beginning retained earnings of $500,000 to the retained earnings for the year: $500,000 + $1,200,000 = $1,700,000.

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battery sales are $5.482 with a 22% margin. Bob's shop is below the

Love's average of 31% margin for battery sales.

How many dollars is Bob's shop missing in gross profit dollars for being below

Love's company average?

Answers

Bob's shop is missing $0.49338 in gross profit dollars for being below Love's company average.

Bob's shop has battery sales of $5.482 and a 22% margin. To calculate the gross profit, multiply the sales by the margin:

Gross profit = Sales x Margin
Bob's gross profit = $5.482 x 22% = $1.20604

Now, let's calculate the gross profit if Bob's shop had Love's company average margin of 31%:

Expected gross profit = Sales x Love's Margin
Expected gross profit = $5.482 x 31% = $1.69942

To find out how many dollars Bob's shop is missing in gross profit dollars for being below Love's company average, subtract Bob's gross profit from the expected gross profit:

Missing gross profit = Expected gross profit - Bob's gross profit
Missing gross profit = $1.69942 - $1.20604 = $0.49338

Thus, Bob's shop is missing $0.49338 in gross profit dollars for being below Love's company average.

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what is different about high-tech industries? were all industries once high-tech?

Answers

High-tech industries differ from other industries in that they rely heavily on advanced scientific and technological research, innovation, and development to produce high-quality products that meet the needs of today's ever-changing and increasingly complex world.

They are generally capital-intensive and require significant investment in research and development to create, develop, and market their products to customers.High-tech industries are fundamentally different from other industries in that they rely heavily on advanced scientific and technological research, innovation, and development to produce high-quality products that meet the needs of today's ever-changing and increasingly complex world. These industries are often capital-intensive and require significant investment in research and development to create, develop, and market their products to customers. They play an important role in shaping our society by creating new products that improve our standard of living and contribute to our overall well-being. They also contribute significantly to our economy by creating jobs, attracting investment, and driving innovation in other industries. Examples of high-tech industries include biotechnology, computer hardware and software, aerospace, nanotechnology, robotics, and telecommunications. In contrast, other industries are often less dependent on advanced scientific and technological research and development. These industries tend to focus more on producing goods and services that meet the basic needs of consumers, such as food, clothing, and shelter. They are often labor-intensive and rely more on human capital than on technology to produce their products. Examples of these industries include agriculture, mining, construction, retail, and hospitality.

All industries were not once high-tech as the concept of high-tech industries is relatively new, and they have emerged as a result of advances in science and technology. While some industries have become more technologically advanced over time, not all industries are capital-intensive and require significant investment in research and development to produce their products. Therefore, it can be concluded that high-tech industries are different from other industries and play an important role in shaping our society and driving innovation.

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A large part of the Communication and Information Technology career clusters probably didn’t exist 100 years ago—which parts in particular and why?

Answers

Answer:

In the Communication and Information Technology you have to have, well, Technology. 100 years ago we didn't have the Tech we have today so that career hadn't existed back then.

Explanation:

This was just my answer for the assignment. Please change the wording and phrasing of the answer.

Hope this helps!

A career relating to Communication and Information Technology hadn't existed 100 years before as the technology we are having today was not there previously.

What is technology?

Technology refers to the process of applying scientific knowledge for industrial purposes.

In ancient times, the technology was not there which is currently having in the world today. There is a presence of digital devices like smartphones, computers, laptops, cameras, etc. which makes most of the work very easier. The electronic gadgets take seconds to minutes for performing any task. There are many professionals who are educated and qualified in the field of Communication and Information Technology.

Therefore, the increased need for technology created a career in Communication and Information Technology.

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GIVING 25 POINTS FOR THE CORRECT ANSWERS!!!!
1: The three elements needed in order to make database marketing work are technology, prioritization, and accurate information.


False

True



2:Starting with a clean list is an important step in database marketing


False

True

Answers

Answer:

first one is T the second is F

The three elements needed in order to make database marketing work are technology, prioritization, and accurate information- This statement is true.Starting with a clean list is an important step in database marketing- This statement is false.

What is database marketing?

The systematic collection, compilation, and processing of consumer data is known as database marketing. Database marketing, often known as customer relationship management, is a type of direct marketing. Customers' and potential customers' data is gathered and kept in a database by a business. An organization can better understand and market to its customers as a result of the process of gathering this data, perhaps increasing revenue.

Database marketing is a type of marketing technique that can be used by companies like merchants, technology suppliers, insurance providers, and other services. The companies who have a huge client base will benefit the most from this marketing strategy since they will generate more transaction data, which opens up more opportunities to identify potential customers.

In database marketing, marketers will use the information gathered to better understand customers, choose target markets for certain marketing campaigns (through customer segmentation), assess how valuable clients are to the business, and give customers more specialized options. Customers' names, addresses, emails, phone numbers, purchase histories, job titles, website cookies, and even help requests are among the data that may be collected.

Data is first gathered from a variety of sources in database marketing. Tracking is possible for names, addresses, emails, phone numbers, purchase histories, and other information. The information can be gathered through a variety of techniques, such as tracking user cookies, purchase histories, newsletter subscriptions, or anything else that calls for the completion of forms, such entry forms for contests, offers of free samples of goods, product warranty cards, and so forth. Additional client records may be created as a result of leads generated by the marketing and sales teams. Although different nations may have varying rules surrounding what types of data can be bought and sold, prospect data can also be purchased from third parties.

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If a product costs £80 to manufacture and a 15% mark-up is added, the price at which the product will be sold is:​

Answers

Answer:

92£

Explanation:

80 * 1.15 = 92

What type of record should always be kept in hard copy form?
O A. corporate bylaws
OB. articles of incorporation
C. dividend vouchers
OD. financial statements

Answers

The record that should always be kept in hard copy form is B. articles of incorporation.

Why should these be in hard copy ?

Articles of incorporation are legal documents that establish a corporation. They are filed with the state in which the corporation is formed and must include certain information, such as the name of the corporation, its purpose, and the names and addresses of its directors.

Articles of incorporation are important documents that should be kept in a safe place. They may be needed for a variety of reasons, such as to prove the existence of the corporation or to obtain financing.

It is a good idea to keep hard copies of articles of incorporation, as well as digital copies. Hard copies can be stored in a safe deposit box or other secure location. Digital copies can be backed up on a computer or external hard drive.

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Answer: dividend vouchers

Explanation: hope this helps!

A corporation chartered in Mexico and doing business in the United States is known as a foreign corporation in the United States
true or false?

Answers

Answer:

true

Explanation:

true because it's a business between two country

Other Questions
As the world learns to live with the novel coronavirus (COVID-19), policymakers need to understand the macroeconomic consequences of the pandemic. The COVID-19 pandemic shocked both production and consumption. Various countries adopted different strategies to deal with this pandemic. In this example, you are going to focus on a zero-COVID strategy, that aims to effectively eliminate the virus from the population by quarantining the sick and locking down entire cities, regions, states, or countries. End your discussion with an assessment of the macroeconomic implications of the emergence of new coronavirus variants if the country continues to follow a zero-COVID strategy Select the correct answer. Which has the greatest impact on public opinion? A. individuals pressured by family and friends B. personal beliefs not influenced by others C. political events from the past D. interest groups supporting a cause A company makes storage containers with sheet steel walls. The containers are shaped like rectangular prisms, as shown below. If the company is going to make 8 containers, how many square meters of sheet steel will be needed? 3. Sketch the graph of f(x) = -()* and describe the end behavior ofthe graphy10822 0010-9-8-7-6-5-4-3-2-1 0 1 2 3 4 5 6 7 8 9 10-2-4-6101 Say that you see a consumer loan at 15% b and you know that this lender borrows at 10%. what probability of repayment is this loan company expecting? what can an international company can do to leverage its capabilities and increase its competitive advantage? Help, Find the expression of the nth term of the sequence.WILL MARK BRANLIEST! how do firms that are frequent targets of public scrutiny typically establish a corporate political strategy? multiple choice question. they have a long-term, ongoing political strategy in place at all times. they wait until a public issue arises before developing a political strategy. they hire regulatory agents to inform them of pending public issues. they rely upon what has worked for them in the past. Find the sum of squares of the deviations from the mean of a series of ACT scores listed below. 17, 27, 16, 26, 14 Write a summary of Act 2, Scene 1 of The Tempest by William Shakespeare. Write 5 sentences. 1. Simplify the problem below -3x^-2 QUESTION 3 1 POINTWhich of the numbers given are rational?Select all that apply.Previous29.6476129.4266416930.760520...24.95568 b [tex]b {?}^{3 } - c {?}^{3} [/tex] The amount of a companys sales revenue that remains after subtracting the cost of goods sold, a standard accounting measure of the costs of manufacturing or acquiring the items that are sold. Explain What do we call the long rainclouds that spin inward toward the eyewall of a hurricane?. A solar power plant in Tarlac was designed and installed in Tarlac and is expected to have an efficiency of 0.03 and a net power output of 100 kW. As part of the maintenance engineer of the plant, you need to determine at what rate must solar heat be collected for this plant and at what rate is heat rejected? A Qin = 3,233 kW, QL = 3,133 kW B Qin = 3,333 kW, QL = 3,033 kW Qin = 3,333 kW, QL = 3,233 kW D Qin = 3,333 kW, QL = 3,133 kW Journalize the following transactions for both companies. Burer Company engages in the following transactions Oct 1 Buys $10,000 of merchandise from Seller, terms 2/10, 1/30 Oct 3 Pays $250 freight charges for above merchandise Oct 5 Returns $750 of the merchandise because it is the wrong color Oct 10 Pays balance due to Seller Date Solve the system using elimination.SHOW ALL WORK on a separate sheet of paper.52 - 2y = -482x + 3y = -23 conjugate the verb in the parenthesis with the correct form of the future tense. t nunca (llegar) a tiempo. How does a tree use Cellular Respiration to store carbon?Flow of Matter (atoms) in Cellular respiration