When a firm is operating in a price-taker market, marginal revenue will always equal?

Answers

Answer 1

When a firm is operating in a price-taker market, marginal revenue will always equal to the price of the good sold.

Price taker: A price taker refers to a company or an individual that acknowledges the going market prices for goods and services and chooses to operate within the parameters of those prices. They do not have the ability to influence the prices of goods in the market.

Marginal Revenue: Marginal revenue is the change in total revenue that results from the sale of one additional unit of output. It's calculated by dividing the change in total revenue by the change in output quantity. Marginal revenue is a significant aspect of the marginal analysis of economic theory.

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Related Questions

If you were starting a company, what would be included in your social
responsibility statement?\]-

If you were starting a company, what would be included in your socialresponsibility statement?\]-

Answers

I would hire professionals

The cost of a secured loan is typically lower than the cost of an unsecured loan because _______.

Answers

Answer:

It’s requires Collateral

Explanation:

A secured loan requires you to have some thing as collateral damage, for example your house if you own.

The cost of a secured loan is generally lower than the cost of an unsecured loan because it requires collateral.

What is Secured loan?

A secured loan is defined as a loan in which the borrower pledges some asset as collateral for the loan, which then becomes a secured loan to the creditor lending the loan.

It is a type of loan backed by collateral where a financial asset we own, such as a home or car can be used as payment to the lender if we don't repay the loan.

The idea behind a secured loan is the basic idea, so lenders accept collateral against a secured loan to encourage borrowers to repay the loan on time. After all, the prospect of losing your home or car is a powerful motivator to pay down the loan, and to avoid repossession or foreclosure.

Thus, the cost of a secured loan is generally lower than the cost of an unsecured loan because it requires collateral.

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Anya recently graduated and has just started a job at a large company. She had to take out many student loans to cover the cost of her tuition expenses, and though she is earning money, she is prioritizing paying off her loans as quickly as possible. The company's end-of-year holiday party is quickly approaching and Anya has nothing appropriate to wear. Anya’s friend Mariana provides advice: “Purchase a dress from a large department store a few days prior to the party. Wear the dress to the end-of-year party (without taking the tags off) - but be careful not to spill anything on it. After the party, return the dress to the store and explain to them that it doesn’t fit you. Their return policy will mean they’ll refund your money and it won’t hurt the company as they’ll be able to re-sell the dress.” Anya has heard how important the office party is, and really wants to impress her bosses.

What do you think Anya should do? Why? What are the pros and cons of doing so?

Answers

Anya uses her smartness and cost effective technique to save money as she is making proper strategy before deciding to invest in anything.

The technique to save money here and replace and return clothes is the example of cost effective technique that defines how effectively and efficiently one can utilize their resources and save the investment of money.

A strategy is something that would be required to make the plan work and take it into the action so that the best outcome is achieved by anyone applying it.

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Match the product examples with the type of product classification.

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The product examples with the type of product classification are shoes, car, iphone, milk.

What is product classification?

Product classification is the process of grouping products into distinct categories based on similar characteristics. It is a way to organize products into helpful and meaningful groups to make it easier for customers to find what they are looking for. The categories can be based on product type, purpose, or even pricing. It is important for businesses to classify their products properly in order to make it easier for their customers to find what they are looking for, as well as to make sure they are not missing any potential customers by leaving out a product category. Additionally, product classification can also be used to gain insight into customer behavior and preferences so that businesses can better tailor their product offerings to meet customer needs.

1. Shoes - Consumer Goods

2. Car - Durable Goods

3. iPhone - Consumer Electronics

4. Milk - Fast-Moving Consumer Goods (FMCG)

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The assembly line enabled the Ford Motor company to increase its _________ dramatically, which resulted in lower automobile prices and increased sales

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The assembly line enabled the Ford Motor company to increase its productivity dramatically, which resulted in lower automobile prices and increased sales.

What is an assembly line?

An assembly line is a manufacturing system in which a product is manufactured in a series of steps along a conveyor belt or other mechanical means, with each step being performed by a single worker. The aim of this is to maximize efficiency and reduce costs. The assembly line was pioneered by Henry Ford in the early 20th century, and it revolutionized the automobile industry by enabling mass production at a previously unheard-of rate.

Henry Ford implemented the assembly line in his automobile factories in 1913. This helped him manufacture automobiles at a faster rate and in a more cost-effective manner. The assembly line was set up in such a way that workers were assigned to one task and had to repeat that task over and over again. The assembly line was not only efficient but also very effective. The cars that were produced by the assembly line were all identical and of very high quality. The assembly line allowed Ford to reduce the amount of time it took to manufacture a car from 12 hours to just 1.5 hours. This was an incredible feat and revolutionized the automobile industry.

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tangshan china's stock is currently selling for $160.00 per share and the firm's dividends are expected to grow at 5 percent indefinitely. assuming tangshan china's most recent dividend was $5.50, what is the required rate of return on tangshan's stock?

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The rate of return on China's stock is 8.44% if its stock is directly selling for $160.00 per claim and the firm's dividends are predicted to increase at 5%.

Stock price = $160.00 per share

Growth rate = 5%

Dividend rate = $5.50

The required rate of return is the lowest amount of earnings as a return an investor will desire or accept for taking the chance of financing in stock or another type of firm.

To calculate the required rate of return, we need to use the formula,

r = (D / P) + g

r = ($5.50 / $160.00) + 0.05

r = 0.0344 + 0.05

r = 0.084

r =  8.44%

Therefore, we can conclude that the required rate of return on Tangshan China's stock is 8.44%.

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according to the bos text, for which of the following companies was brand image a barrier to blue ocean imitators?

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According to the BOS text, the company for which brand image was a barrier to Blue Ocean imitators was "The Body Shop."

The Body Shop's strong brand image, which focused on ethical sourcing and natural ingredients, created a unique value proposition that was difficult for competitors to imitate, allowing it to maintain its position in the market.

The BoS Knowledge Portal has been updated by the Board of Studies (Academic).

It serves as a library of educational materials for students.

The new BoS Knowledge Portal will offer a centralized location where students can easily access LIVE and recorded lectures, the syllabus, announcements, study guides, etc.

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Which of the following statements is true?
A. There is no single, global legal system in the world today.
B. Common law always includes codified and statutory laws.
C. Labor unions are illegal in throughout Brazil and the U.S.
D. Chinese courts are independent of government.
SUBMIT

Answers

A. There is no single, global legal system in the world today.

Correct option should be A, however there is a slight chance B is correct But I am 90% sure it is A

The answer is A: There is no single, global legal system in the world today.

There are generally regarded to be 5 legal systems in the world today: civil law, common law, customary law, religious law, and mixed legal systems.

the sugar used mostly for dusting the tops of dessert​

Answers

Answer:

Powdered Sugar

Explanation:

Cornstarch is added at around 3%, to prevent clumping because sugar is very hygroscopic. It's ideal for dusting, icing, frosting and other decorating as it easily dissolves in liquid to create a thick, spreadable substance.

Which situation most directly illustrates a possible outcome of a fiscal
policy?
A. New environmental regulations make drinking water in a city safer.
B. The government decides it is time to print a great deal of new
money
O C. Struggling farmers receive less assistance from the government.
O D. A company decides to expand its operations into several new
states

Answers

Answer:

C

Explanation:

The correct answer would be option C that says that the struggling farmers receive less assistance from the government as fiscal policies are associated with determining the expenses and taxation policies to the various sectors to regulate the direction of the economy.

There are two types of Fiscal Policy that are Expansionary and Contractionary.

Expansionary fiscal policy:

deals with an increase in spending and/ or relaxing in taxation by the government so that consumers in the economy get more money.

Contractionary policy:

deals with reducing spending and/ or increasing taxation.

In this case, farmers did not get assistance from the government due to reducing the amount of Federal money available for farming and farmers is an illustration of Contractionary fiscal policy.

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Which situation most directly illustrates a possible outcome of a fiscalpolicy?A. New environmental regulations

for the economy modeled with the PPF in the picture shown here, what is the opportunity cost of each orange?

for the economy modeled with the PPF in the picture shown here, what is the opportunity cost of each

Answers

the opportunity cost for the production of each orange is the apple sacrifice.

Opportunity cost is the loss you accept to make a gain or the expense of one profit for another gain.

example of opportunity cost is something as simple as choosing between going to work and skipping work. What are you losing out on if you choose one over the other? Opportunity cost doesn't always need to apply to investments or money; it can also apply to life decisions.

In the given question the opportunity cost for the production of oranges is a sacrifice made in terms of apples

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Technician a says that in a worm gear steering system, most excessive steering free play is usually found in the gearbox. technician b says that in a rack-and-pinion steering system, excessive free play can be found in the bushings. who is correct? choose one answer. a. technician a b. technician b c. both technician a and technician b d. neither technician a nor technician b

Answers

Answer:

b. technician b

Explanation:

Worm gear is the arrangement of gear like a worm in the vehicle. It has rack and pinion steering system. This setup provides smooth drive experience to the drivers. The excessive freeplay in such a setup is found in bushings.

Inflation is assumed to be a temporary problem that does not affect financial decisions.

Answers

While it is true that inflation is often temporary, it can still have a significant impact on financial decisions.

What is financial?

Financial refers to the management of money, including its investment, lending, budgeting, and saving. It is based on the principles of economics, which studies how people, businesses, and governments make decisions about money. Financial activities include the buying and selling of stocks, bonds, mutual funds, and other investments, borrowing money from lenders such as banks, and managing personal budgets. Financial planning and advice are important for individuals and businesses to make wise decisions about their finances and ensure long-term financial stability.

Inflation can affect the cost of goods and services, for example, and can reduce the purchasing power of a currency. It can also cause interest rates to rise, which affects the cost of borrowing. As such, it is important to consider the potential impact of inflation when making financial decisions.

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An Investor who brings _____ equity often will recelve a share of ownershlp in the company although she did not Invest capital, but effort Use this media to help you complete the question.
sweat
additional
bootstrapped
lingering​

Answers

Answer:

additional equity I think

Additional is correct

what was one of the goals of the passage of the dodd-frank wall street reform and consumer protection act in 2010?

Answers

One of the goals of the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010 was to prevent a repeat of the 2008 financial crisis.

The Act aimed to increase transparency and accountability in the financial industry by regulating certain financial practices and institutions, such as mortgage lending and credit rating agencies, and creating new oversight agencies, such as the Consumer Financial Protection Bureau and the Financial Stability Oversight Council.

The Act also sought to improve consumer protections by introducing new regulations for financial products and services and providing consumers with more information and rights in financial transactions. Overall, the Dodd-Frank Act was designed to strengthen the stability of the financial system and protect consumers from financial fraud and abuse.

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Cowboy Company's sales employees earn a total of $60,000 per month and are paid on the last working day of the month. Each employee's wages are subject to FICA Social Security taxes of 6.2% and Medicare taxes of 1.45% on all wages. Withholding for each employee also includes federal income tax of 12% and monthly medical insurance premiums of $3,300 for the employees. The employer payroll taxes for Cowboy Company include FICA taxes, federal unemployment taxes of 0.6% of the first $7,000 paid each employee, and state unemployment taxes of 5.4% of the first $7,000 paid to each employee. Prepare the journal entry to record the employer's payroll taxes at January 31 for Cowboy Company. (Assume that none of the employees have reached the unemployment limit of $7,000.) Prepare the journal entry to record the employer's payroll taxes at January 31 for Cowboy Company. (Assume that none of the employees have reached the unemployment limit of $7,000.)

Answers

The journal entry to record the employer's payroll taxes at January 31 for Cowboy Company is given below.

How to depict the journal entry

Date: January 31, 2023

Record the FICA Social Security taxes:

Debit: Payroll tax expense (an expense account)

Credit: FICA Social Security taxes payable (a liability account)

Record the Medicare taxes:

Debit: Payroll tax expense (an expense account)

Credit: Medicare taxes payable (a liability account)

Record the federal unemployment taxes:

Debit: Payroll tax expense (an expense account)

Credit: Federal unemployment taxes payable (a liability account)

Record the state unemployment taxes:

Debit: Payroll tax expense (an expense account)

Credit: State unemployment taxes payable (a liability account)

Once you have the specific amounts for each tax, you can determine the debit and credit values for the journal entries.

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Complete the following sentence.
The acronym ADA stand for
(tourism)

Answers

Answer:

Americans with Disabilities Act

Explanation:

:)

What is the primary purpose of ABC's T.R.A.C.E. program?

Answers

The primary purpose of ABC's TRACE program is to identify and investigate where persons under 21 years of age obtained alcohol and who was killed or obtained serious injury or accident.

What is the ABC's TRACE program?

The program involves a protocol that allows first responders to respond immediately by notifying ABC when an incident involves a person under 21 and an alcoholic beverage that results in great bodily injury or death.

Hence, the primary purpose of ABC's TRACE program is to identify and investigate where persons under 21 years of age obtained alcohol and who was killed or obtained serious injury or accident.

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Select the false statement about a budget

A budget balances net income and expenses.

A budget provides input to financial planning.

A budget is an emergency fund.

A budget should be reviewed regularly.

Answers

budget is an emergency fund is the false statement

3. Businesses not associated with the government are referred to as what type of jobs?
a. Public Sector
b. For Profit Sector
C. Private Sector
d. None of the above

Answers

Answer:

Private Sector

Explanation:

I'm fairly confident this is it, but I'm not too sure. Sorry to disappoint

What are the transactions that are considered not relevant on precedent transaction analysis?

Answers

The transactions that are considered not relevant on precedent transaction analysis are transactions that do not fit the criteria of the analysis.

These may include transactions that are too small or too large, transactions that involve different industries or geographic locations, transactions that were completed under unique circumstances, and transactions that were completed too long ago to be relevant to the current market. It is important to carefully consider the relevance of each transaction when conducting transaction analysis in order to ensure that the analysis is accurate and useful.

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19. The occupational crowding model of discrimination predicts a. why men, in some cases, earn less than women. b. that firms will compete with one another for the best employee and that discrimination will be eliminated. c. that, unless the government gets involved, discrimination will become more severe. d. that men's wages will fall and women's wages will rise when certain jobs are no longer dominated by men. e. the financial advantages for women crowding into a single occupation.

Answers

Answer:

d. that men's wages will fall and women's wages will rise when certain jobs are no longer dominated by men.

Explanation:

Barbara Bergman developed the Occupational Crowding Model in 1971 in order to try to explain why women and certain minority groups earned in average much less than white males. She even calculated any bias due to higher education, but still she was able to show flagrant labor discrimination based on gender and race.

Her study showed how women and minorities are consistently excluded or crowded out from high paying jobs and high corporate positions. The vast majority of high paying jobs and high corporate positions are filled with white non-Latin males (Latins are not a race, they come in all colors, they are a culture).

If this tendency is eliminated, women and minorities should be able to earn similar wages than white non-Latin males since they are capable of performing the same functions in a similar and comparable manner. I.e. all women and all men are equally capable.

This has improved a little bit in the last years, but still the bias against women and minorities still exists. Forty years ago no one would even dream that a large US corporation would be headed by someone from a minority group, but nowadays Apple, Alphabet (Google), Sprint, ADM, HP, and others, are headed by people that fit into minority groups.

This is great, but you shouldn't have to search for corporations that are headed by non-Latin heterosexual whites, it should be normal. And more women are needed in these places also. Women are capable of doing everything that any man can do.

What are the 5 characteristics of a group?

Answers

The 5 characteristics of a group is :

Size( A group is formed with at least two members), Goals, Norms, Structure & Roles.

Why a group is important?When several individuals or objects are present at the same time in one location, they are said to be in a group. Working in groups, the students tackle challenging issues. People who arrange themselves to work or act in concert because they have similar goals or interests are referred to as members of a group.You may share ideas and approach issues from many angles when you collaborate with others. By combining a range of abilities and knowledge to take on more complicated and substantial challenges in a group setting, you may undertake projects that you could not complete on your alone.

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please describe a scenario in which hub seeding (targeting hubs) would be an appropriate strategy for a social media plan. be sure that you are defining hubs fully and fully explaining why they would be successful in your scenario

Answers

In a social media plan, hub seeding, also known as targeting hubs, can be an appropriate strategy when there is a need to reach a specific and influential group of individuals who act as central connectors within a particular community or industry.

What are central connectors ?

Central connectors, also known as hubs or influential individuals, are individuals or organizations that play a crucial role in connecting people and information within a network or community.

Let's consider a scenario where a company is launching a new line of sustainable fashion products. In this case, targeting hubs within the sustainable fashion community would be an effective strategy.

These hubs could include influential sustainable fashion bloggers, eco-conscious fashion brands, environmental organizations, or fashion influencers who are known for promoting ethical and sustainable practices.

Overall, targeting hubs in the sustainable fashion community as part of a social media plan can help the company leverage existing influential networks, reach a targeted audience, gain credibility, and maximize the impact of their messaging and promotional efforts in the context of sustainable fashion.

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Weekly activity reports by an agent to a client should include:_______.

Answers

Answer:

- Number of enquiries

- Number of product displays

- Advertising done within the week

- Open houses available

- Number of open house visitors

- Comments made by other agents and potential buyers

Explanation:

Weekly activity reports are given to clients to show weekly progress on a job activity.

It ensures that there is no failure in objectives that will affect the monthly activity.

When it is identified that activities for the week are deviating from set goals and objectives, it is easy to correct the error so as to minimise the effect on monthly performance.

If manufacturing overhead has been underallocated during the period, and most of the jobs produced have been sold, then O A. finished goods inventory should be increased. OB. Cost of Goods Sold on the income statement should be increased. O C. Cost of Goods Sold on the income statement should be decreased. OD. work in process inventory should be decreased.

Answers

If manufacturing overhead has been under-allocated during the period, and most of the jobs produced have been sold, then b. cost of goods sold on the income statement should be increased

If the period's manufacturing overhead was underallocated, it signifies that the real overhead costs incurred were more than the sum allotted to the goods produced. Since the true overhead costs are not factored into the cost of the goods sold, the cost of goods sold is hence understated.

The amount of the underallocated manufacturing overhead should be ideally added to the cost of goods sold on the income statement to make up for it. This adjustment increases the correctness of the income statement by ensuring that the cost of goods sold accurately represents the actual cost of producing the commodities sold during the period.

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PRO and CONS Airbnb?

Answers

Pros and Cons of staying in an Airbnb

Pros:

Larger than staying in a hotel

Less crowded

Less expensive

Cons:

The host is less trustworthy than workers at hotels for various reasons

Could be cameras in places like bathrooms or rooms to watch you

You probably will have to eat out

How is the president pro tempore chosen ?.

Answers

The senator from the ruling party with the longest history of continuous service is traditionally chosen by the Senate to serve as president pro tempore (or "president for a time").

The second-highest ranking official in the United States Senate and senior senator is known as the president pro tempore of the United States Senate (often abbreviated as president pro tem). The vice president of the United States is the president of the Senate (despite not being a senator), and the Senate is required to elect a president pro tempore to preside over the chamber in the vice president's absence, according to Article One, Section Three of the United States Constitution.

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Check My Wor
Compute the variances in dollar amount and in percentage. (Round to the nearest whole percent.) Indicate whether the variance is
favorable (F) or unfavorable (U).
Budgeted Income Amount $150.00
Actual Amount $120.00

Answers

The variance is $30 which is favorable

Answer: The Answer Is

Dollar Variance $ 30

Percent varience 20%

F Or U which its U

Explanation: Hoped This Helped Thx For The Points!!

which of the following are reasons the united states is considered currency area? check all that apply. flexibility of prices and wages independent monetary and fiscal policies labor mobility wage rigidity

Answers

The reasons the United States is considered a currency area are:

Flexibility of prices and wagesIndependent monetary and fiscal policiesLabor mobility

In economics, a currency area is a geographical region where the same currency is used. Countries such as the United States, Canada, and the Eurozone countries are examples of currency areas. As a result of the flexibility of prices and wages, independent monetary and fiscal policies, and labor mobility, the United States is considered a currency area.

We proceed to analyze the aforementioned reasons:

Flexibility of prices and wages: Prices and wages are adaptable in response to changes in supply and demand in the economy. When supply is high, prices will decrease, while when demand is high, prices will rise. Wages will also adjust depending on the level of skill, education, and demand in the labor market.Independent monetary and fiscal policies: The US government has the power to make monetary and fiscal policies, which allows it to respond to economic crises and fluctuations. The Federal Reserve is responsible for managing monetary policy, while the government is responsible for fiscal policy.Labor mobility: The ability of labor to move freely across the country is critical to the functioning of a currency area. Workers will move to areas with higher-paying jobs or greater opportunities, and companies will relocate to areas with lower costs or better infrastructure.

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how can time management apps such as toggl and hours help you increase productivity? multiple select question. they have tools for sharing tasks. they force you to stay on task. they help you avoid distractions. they offer help with task management. how do you do this because for the blank spot I got -8 but cannot solve the rest. Which was more responsible for extending the war beyond the end of 1914: the First Battle of Ypres or Belgian resistance to the Schlieffen PlanExplain your answer. [10] Exercise 3 Identify the purpose and topic of each topic sentence given below.This town has a ten oclock curfew. A team in the middle of the ______ stage of team development experiences individual conflicts and the emergence of individual personalities within the group. Multiple choice question. adjourning forming storming performing norming Marginal product is: Select one: a. the increase in total revenue attributable to the employment of one more worker. b. the increase in total cost attributable to the employment of one more worker. c. total product divided by the number of workers employed. d. on a map the.scale shown is 1 inch : 3 miles. if an island is .5 square inches on the map, what is the actual area of the.island. I know the answer, but I am wondering if I can get an explanation as to how to get to that answer What are the advantages of attending Grand River Academy? The Constitution is best described as which of the following? A. It is what our government is based upon. B. It is an international standard. C. It is an unchanging part of our history. D. It is the reason we have political parties. in high context cultures, many of the meanings being exchanged during an encounter do not have to be communicated through words.T/F What is the area of the triangle? PLEASEE HELP ME Transactions for Sheridan Ltd. for the month of June, its first month of operations, are presented below.June1Issued common shares to shareholders in exchange for $2,000 cash.4Purchased supplies on account for $200.7Billed J. Kronsnoble $450 for welding work done.18Received partial payment of $250 from J. Kronsnoble for work billed on June 7.2 2 2 225Hired a new employee to start work on July 3.27Received cash of $150 from Liu Controls Ltd. as a deposit for welding work to be done in July.28Paid for supplies purchased on June 4.29Paid $100 for monthly income tax instalment.Journalize the transactions for Sheridan Ltd. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) DateAccount Titles and ExplanationDebitCreditJune 1CashJune 4 SuppliesJune 7Accounts ReceivableJune 18 CashJune 25No Entry pls hurry (100 points) A corporation's capitalization is: 1st Mortgage Bonds 9% M '45 $10,000,000 Preferred Stock 8% 5,000,000 Common Stock ($.10 par) 200,000 Capital in Excess of Par 800,000 Retained Earnings 6,000,000 The company's common stock ratio is: why would a rocket fall vertically downwards if it was launched vertically upwards If plasma proteins are lost due to kidney disease, then which ofthe following pressure changes occur as a direct result?A. Interstitial fluid osmotic pressure decreases. B. Bloodhydrostatic pressur el significado de comedia? The graph above is a graph of what function? PLEASE HELP ASAPPPPP Find the value of x for mAB= 27 and mCD= 49. The figure is not drawn to scale A force of 27 N stretches a given spring by 4.4 cm. How much potential energy is stored in the spring when it is compressed 3.5 cm?Give detail answer