The issue in this case is whether the nephew provided consideration for his uncle's promise to pay him $5,000 when he refrained from drinking liquor, using tobacco, swearing, and playing cards or billiards for money until he turned 21. The question the court needs to answer is whether the nephew provided sufficient consideration to create a legally enforceable contract with his uncle.
The rule of law in this case is that a contract is only enforceable if it is supported by valid consideration, which is defined as a legal detriment suffered by the promisee or a legal benefit received by the promisor. In other words, consideration is something of value that is exchanged between the parties to a contract, and it must be sufficient to make the contract legally binding.
The specific element of the rule in question in this case is whether the nephew provided valid consideration for his uncle's promise. The uncle promised to pay the nephew $5,000, but the estate argues that the nephew did not provide anything of value in exchange for this promise. The nephew refrained from certain activities, but these were things he had a legal right to do, so the estate argues that they cannot be considered valid consideration for the uncle's promise. The court will need to determine whether the nephew's refraining from these activities constitutes sufficient consideration to make the contract enforceable.
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Why would a business pay for an employee's education?
Answer:
If yo u are a business and you pay for an employees' education It is a great way to add to your employees' skills and knowledge, which they can apply to your business to help make it a success.
Explanation:
Match the different stages of the consumer buying process with the related scenarios where advertising helps with the stage.
search for information
comparative evaluation
choice and purchase
post-purchase evaluation
Ali reaches an area where there are many
restaurants, and one has ads displayed
in their parking lots.
arrowRight
Ali thinks about the last time he ate at a
particular restaurant. It was a bad
experience, and he’d decided he would
try a different restaurant next time.
arrowRight
Ali goes into a restaurant and checks out
the different dishes available on the menu
and orders his food.
arrowRight
Ali sees an ad showing that a restaurant
near his house serves the kind of tacos
he likes.
arrowRight
The different stages of the consumer buying process with the related scenarios where advertising helps with the stage are Ali sees an ad showing that a restaurant near his house serves the kind of tacos, he likes it is search for information.
Ali reaches an area where there are many restaurants, and one has ads displayed in their parking lots. It is comparative evaluations.
Ali goes into a restaurant and checks out the different dishes available on the menu and orders his food. It is choice and purchase.
Ali thinks about the last time he ate at a particular restaurant. It was a bad experience, and he’d decided he would try a different restaurant next time. It is post-purchase evaluation.
What is consumer buying process?
Comparative analysis aids decision-makers in choosing the best choice from a range of options in the business world. Business executives must decide on major expenditures, hiring options, and marketing plans. Comparative research techniques contrast the advantages and disadvantages of each potential option.
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Lauryn's Doll Co. had EBIT last year of $44 million, which is net of a depreciation expense of $4.4 million. In addition, Lauryn's made $5.25 million in capital expenditures and increased net working capital by $3.3 million, Assume that Lauryn's has a reported equity beta of 14 , a debt-to-equity ratio of 7 , and a tax rate of 21 percent. What is Lauryn's FCF for the year?(Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)
Lauryn's Doll Co. has a Free Cash Flow (FCF) , using EBIT and depreciation, of $22.31 million for the year.
To calculate Lauryn's Free Cash Flow (FCF) for the year, we can use the following formula:
FCF = EBIT * (1 - Tax Rate) + Depreciation - Capital Expenditures - Increase in Net Working Capital
Given information:
EBIT (Earnings Before Interest and Taxes) = $44 million
Depreciation = $4.4 million
Capital Expenditures = $5.25 million
Increase in Net Working Capital = $3.3 million
Tax Rate = 21%
Let's calculate the FCF:
FCF = $44 million * (1 - 0.21) + $4.4 million - $5.25 million - $3.3 million
FCF = $34.76 million + $4.4 million - $5.25 million - $3.3 million
FCF = $30.86 million - $8.55 million
FCF = $22.31 million
Therefore, Lauryn's Doll Co. has a Free Cash Flow (FCF) of $22.31 million for the year.
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2x + 51 = 34. right???
Fashion Designers should know all of the following:
(Select 3 answers)
Select 3 correct answer(s)
Knowledge of raw materials, production processes, quality control, costs,
and other techniques for maximizing the effective manufacture and
distribution of goods.
Knowledge of children, teens, and adult textile fabrics.
Knowledge of design techniques, tools, and principles involved in production of
precision technical plans, blueprints, drawings, and models.
Knowledge of the structure and content of the English language including the
meaning and spelling of words, rules of composition, and grammar.
Knowledge of techniques and equipment for potting. growing., and harvesting
products (both plant and animal) for fabric and textile techniques.
To thrive as a fashion designer, you must possess traits like creativity, initiative, good sewing technique, interpersonal skills, business acumen, leadership, and the capacity to adapt to shifting trends.
What are the foundational principles of fashion design?In the world of fashion, the four primary design elements or features used are shape or silhouette, line, color, and texture. The silhouette of the entire garment can be considered. This is the aspect of the garment that stands out the most. It produces the first effect before any additional factors are seen.
It is important for fashion designers to have a thorough understanding of the raw materials, manufacturing processes, quality control, costs, and other techniques for maximizing the effective production and distribution of goods.Knowledge of the concepts, instruments, and design techniques required to create precise technical plans, blueprints, drawings, and models.having knowledge of the techniques and equipment used to cultivate and harvest (both plant and animal) materials for clothing and textilesLearn more about fashion design: https://brainly.com/question/30593045
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. In 2000, KFC® and A&W® restaurants successfully merged because each had a strong
signature product: KFC’s fried chicken and A&W’s root beer floats.
Branding strategy used:
Explanation:
Co-branding is a form of branding that connects companies together. Essentially, co-branding is a marketing partnership between two or more businesses.
c. suppose a single buyer enters and takes over control of the industry. what is the monopsony equilibrium level of employment and wage?
The market labour supply curve determines the equilibrium market wage rate. The company will have to pay a $20 wage to hire 3 employees. As a result, the equilibrium wage is $20 and there are 3 hired workers.
The point where labour supply and demand converge is the equilibrium market wage rate. Up until the moment where the additional expense of hiring an employee equals the additional sales revenue from selling their output, employees are recruited. Any point where supply and demand converge in a market with perfect competition can serve as an illustration of the equilibrium wage. In a competitive market, supply and demand decide wages. A rise in supply or a fall in demand will raise the equilibrium wage. The equilibrium wage will decline if supply or demand fluctuates. When wages are high, workers prefer to work, and employers prefer to hire when wages are low. The salary and employment levels that are observed in the labour market are determined by labour market equilibrium, which "balances out" the competing desires of employers and workers.
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what is the impact of atm on banking sector?
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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The OSHA Construction requirement of 1926.1424 to create an area to protect
workers from a Swing Radius Hazard is called:
•Rest Area Control
•Work Area Control
•Breakfast Area Control
•Parking Area Control
The OSHA Construction requirement of 1926.1424 to create an area to protect workers from a Swing Radius Hazard is called:
B. Work Area ControlWhat is Work Area Control?This refers to the section of work which is specifically designed to offer security and protection to workers so that they would not have a work-related injury.
With this in mind, we can see that the OSHA Construction requirement of 1926.1424 was made to create a Work Area Control which would protect workers from a Swing Radius Hazard.
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Question 7 of 10
What is the primary advantage of having a compensation budget?
O A. It allows a company to keep wages low.
B. It allows a company to plan for salary adjustments.
C. It allows government agencies to inspect a company's books.
D. It allows managers to fire employees to meet their budget.
SUBMIT
The primary advantage of having a compensation budget is it allows a company to plan for salary adjustments. (option b)
What is a compensation budget?A compensation budget is the budget of a company that contains information about the base salary of employees, bonuses commissions and the rate at which the compensation of employees would be increased with the passage of time. Compensation is a powerful tool that can be used to motivate employees. Thus it is important for employee's compensation to be adequately planned.
A compensation budget is important because it provides an avenue to plan and pace the rate of increase in the compensation of employees. A compensation budget is also a way for the company to plan for its future use of cash.
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Jennifer Rodriguez plans to attend graduate school in 5 years. She thinks that she will need a total of $32,000 to pay for school, and she wants to save money each month to reach her goal. What type of computation should she use?
Answer:
"Future value of an annuity" is the appropriate solution.
Explanation:
The future amount of an annuity seems to be the interest or price of a collection of additional payments throughout the aggregate beyond a certain point of time, considering a better rate of interest, or dividend yield. The higher the demand, the greater the potential quality of the investment account.
1. Beauty professionals are often held to higher image standards by clients because they view beauty
professionals as
a. lifestyle coaches
b. role models
c.
image experts
d. personal trainers
Explanation:
role models - they are what they see when they first walk in
Gas is sold for $1.399 per liter in toronto, canada. your car needs 1.1 gallons. how much will your credit card be charged in canadian dollars?
The amount that the credit card would be charged is $6.925
How many liters in one Canadian gallon?
The Canadian gallon has about 4.5 liters in every gallon ,which means that our first task in this case is to convert 1.1 gallons to its liter equivalence based on 4.5 liters per gallon measurement
1 gallons=4.5 liters
1.1 gallons=4.5*1.1 liters
1.1 gallons=4.95 liters
Each liter costs $1.399 which means that we can determine the the amount that needs to be in the credit card as shown thus:
cost of 4.95 liters=$1.399*4.95
cost of 4.95 liters=$6.925
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FIRST ANSWER GETS BRAINLIEST!
(If you answer with nonsense, brainliest will go to the other person)
Personal & Family Finance
You have closed an account due to fraudulent activity. What else should you do to BEST protect yourself?
A) Change all of your passwords and PINs.
B) Do not put anything about the closing of the account in writing.
C) Put a permanent credit freeze on your credit report.
Answer:
C
Explanation:
Answer:
A) Change all your passwords and pins
Explanation:
when you do this, you better secure your information to keep unwanted hackers out, if you change your passwords and pins, hackers will need to figure out what the new codes are
the answer is not C) put a perm freeze on your account- becuase though it does stop anyone from using your information to make new accounts, it also stops YOU from making any new accounts as well, a freeze can be a temporary fix -i.e. to buy you more time to secure things and figure out whats going on-, but not perminant
hpe this helps you out, sorry if im a little late on answering
Using the data below, create the project schedule using normal times. Determine the order in which you would crash the project one day, two days, and so on until it is in an all crash mode. Identify how much it would cost for each day you crash the schedule. (IN DETAILS PLEASE)
Activity
Predecessor
Normal time
Normal cost
Crash time
Crash cost
crash cost per day
A
-
12
200
9
350
B
A
8
300
8
300
C
A
9
250
7
450
D
B
6
400
5
600
E
B,C
5
150
4
225
F
C
10
500
9
650
G
D,E,F
8
400
6
900
The order in which to crash the project would be to first crash activity G, followed by activity D, and finally activity C.
Project scheduleTo create the project schedule using normal times, we'll start by listing the activities in the order in which they need to be completed, taking into account any dependencies specified by the predecessors.
Then, we'll calculate the total time and cost for the project based on the normal durations and costs provided. After that, we'll determine the order in which to crash the project and calculate the additional cost for each day the project is crashed. Let's go step by step:
Create the project network diagram:
A (12, 900 / $3, 500)
/ \
B C (9, 250 / $7, 450)
/ \
E D
(5, 150 / $4, 225)
\
F
(10, 500 / $9, 650)
\
G (8, 400 / $6, 900)
Calculate the earliest start and finish times:
Starting with the first activity (A), the earliest start time is 0, and the earliest finish time is the normal time for A (12 days). Moving to the next activities, we calculate the earliest start and finish times based on the earliest finish time of their predecessors.
Activity | Early Start | Early Finish
-------------------------------------
A | 0 | 12
B | 12 | 21
C | 12 | 21
D | 21 | 27
E | 21 | 26
F | 27 | 37
G | 37 | 45
Calculate the latest start and finish times:
Starting with the last activity (G), the latest finish time is equal to its early finish time (45 days). Moving backward, we calculate the latest start and finish times based on the latest finish time of their successors.
Activity | Late Start | Late Finish
----------------------------------
G | 45 | 45
F | 35 | 45
E | 16 | 26
D | 20 | 27
C | 11 | 21
B | 0 | 9
A | 0 | 12
Calculate the total project time:
The project time is equal to the early finish time of the last activity (G), which is 45 days.
Calculate the total project cost:
The total project cost is the sum of the normal costs for each activity.
Total project cost = Normal cost(A) + Normal cost(B) + Normal cost(C) + Normal cost(D) + Normal cost(E) + Normal cost(F) + Normal cost(G)
= $3,500 + $8,300 + $7,450 + $5,600 + $4,225 + $9,650 + $6,900
= $45,625
Now, let's determine the order in which to crash the project and calculate the additional cost for each day the project is crashed:
Determine the critical path:
The critical path is the longest path through the project network diagram, which determines the minimum project duration. Activities on the critical path have zero slack or float.
Critical path: A -> C -> D -> G
Determine the crashable activities on the critical path:
Crashable activities are those with both a normal time and a crash time. In this case, the crashable activities on the critical path are C, D, and G.
Determine the maximum time reduction for each activity:
The maximum time reduction
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Whom do price supports benefit and whom do
they hurt?
Question 10 Crossfade Corp. has a bond with a par value of $2,000 that sells for $2,040.74. The bond has a coupon rate of 6.66 percent and matures in 18 years. If the bond makes semiannual coupon payments, what is the YTM of the bond? OA. 5.82% 8.4.85% 3.33 pts OC 3.23% OD. 6.14% OE. 6.47% Question 9 3.33 pts The Lo Sun Corporation offers a 6.0 percent bond with a current market price of $788.50. The yield to maturity is 8.40 percent. The face value is $1,000. Interest is paid semiannually. How many years until this bond matures? O 8.19 years O 32.77 years 26.28 years O 31.44 years O 16.38 years
Question 10: The YTM of the bond is 6.14%. To calculate the yield to maturity (YTM) of a bond, we need to use the present value formula and solve for the interest rate that equates the present value of the bond's cash flows to its current market price.
In this case, the bond has a par value of $2,000, sells for $2,040.74, has a coupon rate of 6.66%, and matures in 18 years. Using financial calculators or spreadsheet functions, we can calculate the YTM to be approximately 6.14%. This is the interest rate that reflects the bond's current market price and the cash flows it will generate over its remaining life. Question 9: The bond will mature in 26.28 years. To determine the number of years until the bond matures, we can divide the natural logarithm of the bond's current market price by the natural logarithm of the present value factor, which is calculated using the yield to maturity (YTM) of 8.40%. The face value of the bond is $1,000, and interest is paid semiannually. By performing the calculation, we find that the bond will mature in approximately 26.28 years. This represents the time remaining until the bond reaches its maturity date and the principal is repaid to the bondholder.
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True/False? the relevant range is defined as the range of activity over which a cost behavior formula is considered valid.
True.The relevant range is the range of activity over which a cost behavior formula is considered valid.
Beyond this range, the cost behavior may change, and a different cost formula may be needed to accurately estimate costs. For example, if the relevant range of a production line is 10,000 to 20,000 units per month, a cost formula based on this range may not be applicable for production levels below or above this range.
In managerial accounting, cost behavior refers to how costs change as the level of activity changes. For example, a manufacturing company may experience an increase in direct material costs as production levels increase. Cost behavior formulas are used to estimate costs based on this relationship between cost and activity level.
However, cost behavior is not always linear, meaning that the relationship between cost and activity level may not be consistent across all levels of activity. For example, a company may experience economies of scale up to a certain level of production, after which additional production may result in diminishing returns and increased costs.
This is where the concept of relevant range comes into play. The relevant range is the range of activity over which a cost behavior formula is considered valid. Beyond this range, the cost behavior may change, and a different cost formula may be needed to accurately estimate costs.
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although there are many functions that are important in both the start-up and management phases of the business, what two functions are considered to be primary concerns?
There are several important functions when starting-up and managing a business but the two primary functions are planning and financing.
What are the most important functions in business?When starting up a business, and then subsequently managing it, the most important, or the primary functions that one should be concerned with are planning and financing.
Planning ensures that one knows what the goals of the business are and so manages it to achieve those goals. Financing deals with ensuring that the funds needed to start the business and run it, are available.
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Assignment reading:
Business ethicists claim that the recent spate of business
leaders, especially bankers, who have admitted to unethical
behavior, is not surprising. In fact, these experts
explain
Business ethicists claim that the recent spate of business leaders, especially bankers, who have admitted to unethical behavior, is not surprising.
In fact, these experts explain that this is due to a lack of moral principles and standards among business leaders that prioritize profit over ethics and social responsibility. This, in turn, leads to a culture of greed and misconduct within the industry.
Business ethicists claim that the recent spate of business leaders, especially bankers, who have admitted to unethical behavior, is not surprising. In fact, these experts explain that this is due to a lack of moral principles and standards among business leaders that prioritize profit over ethics and social responsibility.
This, in turn, leads to a culture of greed and misconduct within the industry.Business leaders are more focused on profit than ethics, and their greed can lead them to engage in unethical behavior.
As a result, business ethicists argue that it is not surprising that so many business leaders have been caught engaging in misconduct, as they are operating within a culture that prioritizes profit over all else, including ethical behavior and social responsibility.
The challenge is to instill a sense of morality and social responsibility in business leaders, so that they can prioritize ethics and social responsibility over profit. Only then can we hope to build a more just and equitable society.
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High-profile accounting scandals and the global financial crisis are examples of ___.
High-profile accounting scandals and the global financial crisis are examples of companies and industries that did not conform to business ethics.
What is business ethics?The rules for ethically correct and wrong behavior in company are referred to as business ethics. However, "legal" and "ethical" are not always identical. Law in part defines behavior. By defining permissible practices outside of the purview of the state, business ethics strengthen the law.
What is the business ethics tenet?The field includes loyalty, fairness, respect, trustworthiness, and technological ethics. It also includes corporate responsibility, personal responsibility, and social responsibility. It places a strong emphasis on employee retention, brand image, and consumer loyalty.
How can business ethics be improved?Engage, talk to, and educate your staff. Utilize effective and educational communication to involve employees as well as other stakeholders, including suppliers, investors, regulators, and customer groups. An ethical culture will be ingrained thanks to effective, consistent, and regular communication and training.
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Downward pressure on wages
Answer:
Answer below
Explanation:
When there is "pressure" on wages it is referring to the fact that there are more workers than there are available jobs this causes a pressure for the employers as they decide which workers get those jobs and receive those wages and who doesnt.
(hope this answers your question :) )
) in a brief essay (4-5 sentences) explain how monopolistically competitive firms acquire their market power? what does this mean for how they decide what price to charge, compared to a perfectly competitive firm? in your essay give me a real-world example of a monopolistically competitive firm and explain why it fits that market structure.
Monopolistically competitive firms acquire their market power through product differentiation. By offering unique products or services, they create a perceived difference that allows them to charge higher prices than their competitors.
This is different from a perfectly competitive firm, which has no market power and must accept the market price. A real-world example of a monopolistically competitive firm is Starbucks, which has created a unique atmosphere and offers premium coffee that sets it apart from other coffee chains.
Monopolistically competitive firms acquire their market power by differentiating their products through branding, quality, or design, which allows them to have some control over the price they charge. In contrast, perfectly competitive firms are price-takers, as their products are identical and consumers can easily switch between suppliers. Monopolistically competitive firms, such as Starbucks, set their prices based on their unique offerings and brand value. Starbucks fits this market structure as it differentiates itself through its atmosphere, diverse menu options, and strong brand recognition, which allows it to charge higher prices compared to other coffee shops.
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Suppose that a discount bond has a face value of $100,000 and matures in one year. What is the yield to maturity when its price is $95,000? What is the yield to maturity when its price is $99,000?
The yield to maturity is 5% when the price is $95,000 and 1% when the price is $99,000.
To calculate the yield to maturity (YTM) of a discount bond, we need to use the formula:
YTM = (Face Value - Price) / Face Value * (1 / Time to Maturity), Where:
Face Value is the nominal value of the bond ($100,000 in this case)
Price is the current price of the bond
Time to Maturity is the remaining time until the bond matures (1 year in this case)
Let's calculate the YTM for the given prices:
When the price is $95,000:
YTM = ($100,000 - $95,000) / $100,000 * (1 / 1)
= $5,000 / $100,000
= 0.05 or 5%
When the price is $99,000:
YTM = ($100,000 - $99,000) / $100,000 * (1 / 1)
= $1,000 / $100,000
= 0.01 or 1%
Therefore, the yield to maturity is 5% when the price is $95,000 and 1% when the price is $99,000.
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What are the potential risks of having all three of these buckets (savings, investments and debt payments) belong in the same category?
The potential risks that these three groups fall into the same category is that it is a low percentage and it is not a realistic proposition.
According to the theory of 50, 20, 30, a person's salary should be divided into 3 buckets that are:
50% of salary must go towards mandatory expenses (housing rent payments, utilities, medical care, basic food, and transportation). 20% of the salary must be used for savings and debt payments (programmed savings for old age or a special event, or the payment of debts such as card payments, bank loans, among others). 30% of the salary must be allocated for non-priority expenses (it is the expenditure of money on experiences, objects, or others that are not essential for the individual).
This income distribution is unrealistic because most people spend more than 50% of their salary on compulsory expenses, reducing their economic capacity for other purposes.
In this way, the 20% destined to savings and payment of debts would be a minimum amount of the salary, which could have serious consequences such as:
Inability to pay debts Inability to save for the future
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Which of the following is an example of an e-commerce security concern?
A. Making sure products mailed to consumers are not damaged
OB. Keeping online payments and information secure
C. Ensuring that products are safe for consumers to use
D. Educating consumers about their market options
SUBMIT
Keeping online payments and information secure is an example of an e-commerce security concern.
What is e-commerce?
E-commerce refers to buying and selling of products and services that take online through the web rather than physical activities of trade which occurs offline, hence, we are concerned with any breach of a firm's information technology security architecture , which means that making sure the products mailed are not damaged is not a concern because mailing does not happen online, the products need to be physically delivered,
Besides, online payments security is the most essential issue to keep abreast in e-commerce, any client whose debit or credit card is compromised would return to the store and would take legal actions against the e-commerce store, safety of payment is key,
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Tn the united states in 2014 real gdp per person was about $56,000, while in some poor countries real gdp per person was less than $5,000. True/False
In the United States in 2014, real GDP per person was about $56,000, while in some poor countries, real GDP per person was less than $5,000. This is a true statement.
Why is real GDP important?Gross domestic product (GDP) is a crucial economic indicator that measures the value of all goods and services produced in a country over a given period of time. GDP figures are frequently used to evaluate economic growth and productivity, as well as a nation's standard of living.
Inflation is taken into account in real GDP, which means that it reflects the value of goods and services adjusted for inflation. It is a more accurate indicator of economic activity since it eliminates the effect of price changes on the economy.
What is GDP per capita?The total economic output of a country divided by the number of people in the country is referred to as GDP per capita. The GDP per capita is an important indicator of a country's wealth and standard of living. The higher the GDP per capita, the more prosperous and developed a country is likely to be.
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Which quality is a requirement In order for a destination to become a tourism destination area (TDA)?
A. should be accessible by road
B. should be in a developed country
C. should have a unique feature
D. should have a moderate climate
Sunland Advertising Trial Balance October 31, 2022 Debit Credit Cash $14,000 Supplies 2,000 Prepaid Insurance 800 Equipment 5,300 Notes Payable $4,700 Accounts Payable 2,000 Unearned Service Revenue 1,300 9,700 Owner's Capital Owner's Drawings Service Revenue 300 10,400 Salaries and Wages Expense 4,800 Rent Expense 900 $28,100 $28,100 1. 2. 3. Supplies on hand at October 31 total $400. Expired insurance for the month is $160. Depreciation for the month is $70. Services related to unearned service revenue in October worth $600 were performed. Services performed but not recorded at October 31 are $300. Interest to be accrued at October 31 is $80. 4. 5. 6. 7. Salaries to be accrued at October 31 are $1,200. No. Date Account Titles and Explanation Debit Credit 1 Oct. 31 2 Oct. 31 3 Oct 31 4. . Oct 31 5. Oct 31 6. Oct. 31 7 Oct. 31
The adjustment entries for Sunland Advertising Trial Balance as of October 31, 2022 are as follows:1. Supplies on hand at October 31 total $400. Adjusting entry: Debit Supplies Expense $1,600, Credit Supplies $2,000.2. Expired insurance for the month is $160. Adjusting entry
Debit Insurance Expense $160, Credit Prepaid Insurance $160.3. Depreciation for the month is $70. Adjusting entry: Debit Depreciation Expense $70, Credit Accumulated Depreciation $70.4. Services related to unearned service revenue in October worth $600 were performed. Adjusting entry: Debit Unearned Service Revenue $600, Credit Service Revenue $600.5. Services performed but not recorded at October 31 are $300. Adjusting entry: Debit Service Revenue $300, Credit Accounts Receivable $300.6. Interest to be accrued at October 31 is $80. Adjusting entry: Debit Interest Receivable $80, Credit Interest Revenue $80.7. Salaries to be accrued at October 31 are $1,200. Adjusting entry: Debit Salaries and Wages Expense $1,200, Credit Salaries and Wages Payable $1,200.No. Date Account Titles and Explanation Debit Credit 1 Oct. 31 Supplies Expense $1,600 Supplies $2,000 2 Oct. 31 Insurance Expense $160 Prepaid Insurance $160 3 Oct 31 Depreciation Expense $70 Accumulated Depreciation $70 4 Oct. 31 Unearned Service Revenue $600 Service Revenue $600 5 Oct. 31 Service Revenue $300 Accounts Receivable $300 6 Oct. 31 Interest Receivable $80 Interest Revenue $80 7 Oct. 31 Salaries and Wages Expense $1,200 Salaries and Wages Payable $1,200Therefore, the correct option is:1. Supplies on hand at October 31 total $400. Debit Supplies Expense $1,600, Credit Supplies $2,000.2. Expired insurance for the month is $160. Debit Insurance Expense $160, Credit Prepaid Insurance $160.3. Depreciation for the month is $70. Debit Depreciation Expense $70, Credit Accumulated Depreciation $70.4. Services related to unearned service revenue in October worth $600 were performed. Debit Unearned Service Revenue $600, Credit Service Revenue $600.5. Services performed but not recorded at October 31 are $300. Debit Service Revenue $300, Credit Accounts Receivable $300.6. Interest to be accrued at October 31 is $80. Debit Interest Receivable $80, Credit Interest Revenue $80.7. Salaries to be accrued at October 31 are $1,200. Debit Salaries and Wages Expense $1,200, Credit Salaries and Wages Payable $1,200.
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I want to start my own brand & build a fashion empire. Should I go to a fashion college or to a business school?
Answer:
Honestly, business would be much better for you. Learning business will give you many more opportunities and learn how to sell your products. Business will help you with marketing, pricing, discounting, and know how to "not get effed over." I believe that would be much better for you THEN go to fashion college.