1. The function of operations management involves the management of various processes within an organization to ensure efficient and effective production and delivery of goods and services.
There are several key functions within operations management, including:
- Product Design: This involves designing products or services that meet customer needs and are feasible to produce.
- Forecasting: This function involves predicting future demand for products or services to guide production planning and inventory management.
- Capacity Planning: Capacity planning involves determining the resources needed to meet production demand, including labor, machinery, and space.
- Process Design: Process design involves identifying the most efficient and effective way to produce goods or deliver services, considering factors like layout, equipment, and workflow.
- Quality Control: Quality control involves monitoring and evaluating products or services to ensure they meet predetermined quality standards.
- Inventory Management: This function involves managing the stock of raw materials, work-in-progress, and finished goods to minimize costs while ensuring availability.
- Supply Chain Management: Supply chain management involves coordinating the flow of materials, information, and funds across suppliers, manufacturers, and distributors to ensure a smooth and efficient process.
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Compare postsecondary education and training.
Answer:
“Post” means after and “secondary” school is high school. So post- secondary education and training is where you go to keep learning after high school.
Explanation:
People are living paycheck to paycheck why is that a problem
Underapplied and Overapplied Overhead [LO3-4] Osborn Manulacturing uses a predetermined overhead rate of $19.50 per direct laborthour. This predetermined rate was based on a cost formula that estimates $259,350 of total manufactuting overhead for an estimated activity level of 13,300 direct iabor hours. The company actually incurred $253.000 of manufocturing overhead and 12.800 drect loborhours during the period Required: 1. Determine the amount of underapplied or overapplied manufacturing overnend for the period. 2. Assume that the company's underopplied or overapplied overhead is closed to Cost of Goods Sold. Would the joumsi entry to dispose of the underapplled or overapplied overhead increase or decrease the company's gross margin? By how much?
This entry decreases the cost of goods sold by $3,400, which in turn increases the gross margin by the same amount. resulting in an increase in gross margin and potentially higher profitability for the company.
1. The amount of underapplied or overapplied manufacturing overhead for the period can be calculated by comparing the actual manufacturing overhead incurred with the applied overhead based on the predetermined rate.
Actual manufacturing overhead incurred: $253,000
Applied overhead based on predetermined rate: $19.50 per direct labor hour x 12,800 direct labor hours = $249,600
Underapplied/Overapplied overhead = Actual manufacturing overhead incurred - Applied overhead
= $253,000 - $249,600
= $3,400 (Overapplied)
2. If the underapplied or overapplied overhead is closed to Cost of Goods Sold, the journal entry would decrease the company's gross margin. Since the overapplied amount represents an excess of applied overhead over the actual overhead incurred, it implies that the company has allocated more overhead to its products than it actually spent. By closing this amount to Cost of Goods Sold, it reduces the reported cost of goods sold and increases the gross margin.
The journal entry to dispose of the overapplied overhead would be as follows:
DR Cost of Goods Sold: $3,400
CR Manufacturing Overhead: $3,400
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The actual ownership of a mutual fund is in the hands of the?
The actual ownership of a mutual fund is in the hands of the management company/shareholders.
The actual ownership of a mutual fund in the hands of owner, company management or shareholders. A mutual fund is a financial vehicle and its basic purpose is to pool assets from shareholders to invest in securities, bonds etc. Money managers operate these mutual funds. Mutual funds are basically maintained to match the investment objectives that are in its prospectus. These funds give investors access to manage portfolios,bonds etc.
Investors buy these shares in mutual funds and each share represents the investor’s part ownership in the fund. Shareholders, management/company could be the owner of mutual funds if they own shares in mutual funds and have a share in its profit. Mutual funds are basically equity investments , when anyone buys shares of this fund he/she becomes a part owner of that fund.
Therefore management company/shareholders are actual owners of a mutual fund because they own the shares in mutual funds.
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which concept below best illustrates consumers’ lack of awareness of the labor conditions involved in the production of consumer goods, like meat?
Ethical consumption or consumer ignorance,
The concept that best illustrates consumers' lack of awareness of the labor conditions involved in the production of consumer goods, like meat, is consumer ignorance or the lack of awareness.
Consumers may be unaware of the specific labor conditions, such as poor working conditions, low wages, or unethical practices, that may be involved in the production of the goods they purchase, including meat.Another related concept is ethical consumption. This concept emphasizes the importance of consumers actively considering and making informed choices about the ethical implications of their consumption habits. However, in the context of the question, the lack of awareness among consumers about labor conditions suggests that they are not consciously engaging in ethical consumption or considering labor conditions as a factor in their purchasing decisions.In summary, the concept that best fits the lack of awareness of labor conditions in the production of consumer goods, like meat, is consumer ignorance or the lack of awareness.
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The value of the marginal propensity to save is 0.2. If real GDP increases by $50 billion, this situation was the possible result of an increase in the government purchases of: Group of answer choices 10 billion $16 billion $15 billion $40 billion
Option a: If real GDP increases by $50 billion, this situation was the possible result of an increase in the government purchases of: increased by $10 billion.
The gross domestic product (GDP) of a country is the market value of all the finished goods and services that country produces and sells in a specific time period, expressed in dollars. Consequently, government purchases increased by $10 billion.
The subjective and complex nature of this measurement necessitates many evaluations before it can be accepted as a reliable indicator.
An broad vocabulary is used by economists. One of the most well-known abbreviations is "GDP" (gross domestic product). It is commonly cited in news reports from the government, the central bank, and corporations as well as in newspapers and on television.
With a $23.0 trillion GDP, the USA has by far the greatest economy in our ranking for 2021. It is followed by China, which has a GDP of 17.7 trillion dollars.
Since only MPS is given, divide the spending multiplier by 1/MPS+MPI, which equals 1/.2 = 5.
We may use this to calculate the 50 billion that the government injects into the economy to stimulate it.
50 / 5 = $10billion.
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Dwight was appointed a principal for Seacoast Securities in June of 1996. He continued in the position until 2012, when he left to start his own firm. How long did Seacoast need to maintain the record of his principal designation
Answer:
16 years
Explanation:
2012-1996=16 years
wrt, a calendar year s corporation, has 100 shares of outstanding stock. at the beginning of the year, mr. wallace owned all 100 shares. on september 30, he gave 25 shares to his brother and 40 shares to his daughter. wrt’s ordinary income for the year was $216,000. required: what portion of this income must each shareholder include in income? (assume 365 days in a year. round income per day of ownership to 4 decimal places. round other intermediate calculations and final answers to the nearest whole dollar amount.)
Each shareholder must include $216,000 in income.
- Mr. Wallace must include $216,000 in income.
- His brother must include $216,000 in income.
- His daughter must include $216,000 in income.
Mr. Wallace owned all 100 shares from January 1 to September 30, which is a total of 273 days (365 - 92). His brother owned 25 shares from September 30 to December 31, which is 92 days. His daughter owned 40 shares from September 30 to December 31, which is also 92 days. To calculate the income per day of ownership, we divide the total income ($216,000) by the total number of days (365):
$216,000 / 365 = $591.78 (rounded to 4 decimal places)
Now we can calculate the portion of income for each shareholder:
- Mr. Wallace: 273 days * $591.78 = $161,212
- Brother: 92 days * $591.78 = $54,395
- Daughter: 92 days * $591.78 = $54,395
Therefore, Mr. Wallace must include $161,212 of income in his tax return, while his brother and daughter each include $54,395 in their respective tax returns.
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Discuss the benefits of gaol setting on your career choice
Goal setting is a powerful tool for anyone looking to advance their career. By setting specific objectives and taking active steps to achieve them, you can increase your motivation, focus, and satisfaction in your work, ultimately helping you to achieve success in your chosen field.
What is goal setting?Generally, Goal setting is an essential process that involves identifying and prioritizing specific objectives that an individual wants to achieve in their personal or professional life. When it comes to career choice, goal setting can offer several benefits, including:
Increased motivation: Setting specific goals for your career can help to boost your motivation and drive towards achieving your objectives. Having a clear target in mind can help you stay focused and energized, even when faced with challenges or setbacks.
Improved focus: By setting specific goals, you can prioritize your efforts and focus on the tasks that are most relevant to achieving your career objectives. This can help to streamline your work and avoid distractions, allowing you to make progress towards your goals more efficiently.
Better decision making: When you have a clear set of goals for your career, you can use them as a framework for making important decisions. This can help you evaluate different opportunities or paths in terms of how they align with your objectives and choose the ones that are most likely to help you achieve your goals.
Enhanced career satisfaction: Achieving your career goals can be a source of great satisfaction and fulfillment. By setting clear objectives for your career and taking active steps to achieve them, you can increase your sense of purpose and fulfillment in your work.
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A company that was the leading supplier of home water filtration systems had a network of sales promoters who were under contract for two- or three-year terms and were compensated solely by commissions earned from sales and by occasional bonuses. Veteran promoters also earned commissions by recruiting other promoters for the company. One of the company's veteran promoters was contacted by a former top sales representative for another manufacturer who was looking for similar sales opportunities in the region. The sales rep knew that the promoter might be able to get her a position with his company, which was looking for additional promoters. At the time he met with the sales rep, the promoter's contract with the company had one more month to run. When the promoter's contract with the company expired, he announced that he was forming his own business to market a different line of water filtration systems manufactured by a competitor of the company, and that the sales rep would be in charge of his promotional network. The company brought an action against the promoter for interference with business relations for hiring the sales rep. At a preliminary hearing, the parties stipulated to the above facts and that the promoter was an independent contractor rather than an employee of the company. The promoter then filed a motion for a summary judgment in his favor. Should the court grant the promoter's motion
No, since the jury might conclude that the promoter's methods for obtaining the sales rep were not protected by a privilege.
Privilege protection: what is it?The secrecy of communications between two parties, who the law recognizes as being entitled to a private, protected connection, is safeguarded by privileged communication.
Are privileged and confidential the same thing?Confidentiality is the obligation to safeguard another person's disclosure preferences. A legal principle known as privilege forbids the revealing of private information without the consent of the subject.
What is a privilege claim?Privilege assertions must be made question by question or document by document. Generalizations are not preferred. Because the privilege must be objected to as soon as possible or the claim is waived, it is typically raised during discovery prior to trial.
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True or false is April 15th is an important date for people who have a job.
Answer:
true
Explanation:
its Tax Day so they are very busy
two alloy manufacturers agree to charge the same price for a product to a potential customer who is considering buying alloy from one of these manufacturers. this is an example of
Price collusion is the term used to describe the situation where two alloy manufacturers agree to charge the same price for a product to a potential customer.
Price collusion refers to an agreement between competing firms to set prices at the same level, eliminating competition and potentially leading to higher prices for customers. In this scenario, the two alloy manufacturers are engaging in anti-competitive behavior by coordinating their pricing strategies. This practice restricts consumer choice and can result in inflated prices. Price collusion is typically illegal in many jurisdictions as it undermines fair market competition and harms consumers' interests. Antitrust laws and regulatory authorities aim to prevent such collusive practices and promote healthy competition in the marketplace.
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Question 5 of 10
When gathering information, which of the following tasks might you need to
perform?
A. Apply standards, such as measures of quality, beauty, usefulness,
or ethics
B. Seek out ideas from others and share your own ideas
C. Study objects, conduct lijsts, research written materials, and ask
questions
D. Fill out forms, follow procedures, and apply math and science
SEN
On the income statement, a merchandising company reports the cost of merchandise inventory that had been sold to customers. TRUE OR FALSE
Answer:
True
Explanation:
The correct answer is - True
Reason -
Cost of goods sold is the inventory cost to the seller of the goods sold to customers. It Expense item with a normal debit balance.
The word expense is not written there but it is an expense item on the income statement as a reduction to Revenue.
Watch the video, "The Darker Side of Data" was a search warrant issued for an Amazon Echo? O a. It was planted as surveillance in someone's home. b. It made purchases for the suspects. O c. The Echo violated the privacy standards. d. The Echo contained data including time stamps and audio files belonging to the suspect. (http://adage.com/videos/the-darker-side-of-data/1294). Why According to the video, does privacy viewpoint(s) provided by the various matter to millennials? Why or why not? Do you agree with the speakers?
In the video "The Darker Side of Data," a search warrant was issued for an Amazon Echo because it contained data including time stamps and audio files belonging to the suspect. The data was used to build a case against the suspect, and they were eventually convicted of a crime.
The privacy viewpoints provided by the various speakers in the video matter to millennials because millennials are the most likely generation to use voice-activated devices like the Amazon Echo. As a result, they are also the most likely to be affected by the privacy implications of these devices.
I agree with the speakers in the video that millennials need to be aware of the privacy implications of using voice-activated devices. These devices are constantly listening for commands, and they collect a lot of data about us. This data can be used to build a profile of us, and it can be used to track our movements and activities.
Here are some tips for millennials who are concerned about the privacy implications of using voice-activated devices:
Read the privacy policy of the device before you buy it. This will give you an idea of what data the device collects and how it is used.
Use the device only when you need to. The less you use the device, the less data it will collect.
Enable the privacy settings on the device. These settings can help to limit the amount of data that the device collects.
Be aware of the risks. Even if you take all of these precautions, there is still a risk that your data could be collected and used without your knowledge or consent.
It is important to remember that voice-activated devices are a convenience, but they also come with a price. If you are not comfortable with the privacy implications of using these devices, then you should avoid them.
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The video 'The Darker Side of Data' confirms a search warrant was issued for an Amazon Echo due to it possibly harboring relevant investigation data. The video suggests that millennials are concerned about privacy, illustrating the importance of maintaining privacy standards. Agreeing with the speakers is an individual's choice based on their stand on privacy and data security.
Explanation:According to the video 'The Darker Side of Data', a search warrant was indeed issued for an Amazon Echo. This is because it was suspected that the Echo contained data, including timestamps and audio files, that were relevant to an ongoing investigation.
The privacy discussion is very relevant to millennials, as they are the generation that uses these technologies the most. They are often more open to sharing personal data in exchange for personalized services. However, the video suggests that there is a growing concern about privacy standards and data security among them too.
Agreeing or disagreeing with the speakers is subjective and depends on an individual's perspective on privacy, data security, and the importance of personalized digital services.
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describe three ways you or someone you know mighy be victimized by unfair, deceptive, or fraudulent business practices
Answer:
1 Charging for good or services at higher rates than the marked, published or advertised price;
2 Giving an unrealistically low estimate for a job in order to get it and then charging for a variety of "extras" to increase the price of the job when those extras should clearly have been included in the regular price of the job.
3 Deceptive Pricing Practices - The law also regulates the use of price representations and practices. Below are some of the common pricing practices that the law prohibits
Revenue per passenger-mile is often used by transportation companies to analyse: O A. Revenue O B. Liquidity OC. Capacity O D. Profitability
Revenue per passenger-mile is often used by transportation companies to analyze the profitability of their operations.
Revenue per passenger-mile (RPM) is a commonly used metric by transportation firms to determine the revenue generated from each mile of travel by a single passenger. It’s a revenue metric that’s used to assess the financial performance of a transportation firm. RPM is calculated by dividing total revenue by the total number of passenger miles traveled by all passengers. This is often used to determine how much money a transportation firm generates per unit of service, which is essential to determining the profitability of the operation. By calculating RPM, transportation firms can determine how much they should charge for each passenger in order to cover their expenses and make a profit. It is often used in conjunction with other financial metrics to evaluate the firm's financial performance.
Conclusion:
Revenue per passenger-mile is a crucial measure for transportation firms because it provides an understanding of how much money is generated per unit of service, which is critical for determining the profitability of their operations. It's an important metric for transportation firms to evaluate their financial performance and to determine how much they should charge for each passenger to cover their costs and make a profit. Therefore, the correct answer is D. Profitability.
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What is the term used for financial statements which include the results of all of a company’s divisions (which are also companies) in the totals presented?
IFRS certified statements
Comparative statements
Consolidated statements
ASPE certified statements
The term used for financial statements which include the results of all of a company's divisions (which are also companies) in the totals presented is consolidated statements. Therefore, the correct option is C) Consolidated statements.
What are consolidated statements?
Financial statements are official documents that give a quick overview of a company's financial situation and performance. The income statement, often known as the profit and loss statement, the balance sheet, and the cash flow statement are the three main financial statements. The income statement includes a summary of the period's revenues, costs, and net gain or loss. The balance sheet lists the company's current assets, liabilities, and shareholders' equity. The cash inflow and outflow throughout a period are shown on the cash flow statement, which divides them into operating, investing, and financing operations. Financial statements are essential for determining a company's profitability, liquidity, solvency, and general financial health. Stakeholders like investors, lenders, and regulators utilise financial statements to help them make well-informed choices.
Consolidated statements are a set of financial statements that present the total financial performance and position of an entity and its subsidiaries as if they were one single entity. Consolidated financial statements are created by merging the financial statements of the parent company and its subsidiaries into a single set of financial statements. The purpose of consolidated financial statements is to provide a clear picture of the overall financial performance and position of a company and its subsidiaries, as well as to provide transparency and accountability in financial reporting.
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accounts payable, accrued expenses, 2-year notes payable, and 90-day notes are all short-term liabilities. true false
The statement "Accounts payable, accrued expenses, 2-year notes payable, and 90-day notes are all short-term liabilities" is true. Short-term liabilities are defined as liabilities that are expected to be paid within one year, or within the operating cycle of the business (whichever is longer).
Accounts payable are defined as the amount of money a company owes its suppliers for goods or services received on credit. These are typically due within 30 days and are considered short-term liabilities.
Accrued expenses are expenses that have been incurred but have not yet been paid. These can include salaries, rent, interest, and taxes. These are also considered short-term liabilities because they are typically due within a few weeks.
2-year notes payable are liabilities that are due in two years. However, since they are short-term liabilities, they can also be paid earlier than two years. As such, they are considered short-term liabilities.
90-day notes payable are liabilities that are due within 90 days. As such, these are considered short-term liabilities as well. In conclusion, the statement "Accounts payable, accrued expenses, 2-year notes payable, and 90-day notes are all short-term liabilities" is true.
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the number of job evaluation plans required depends upon the number of employees in the organization.
The number of job evaluation plans required depends on the number of employees in the organization. The statement is partially correct.
The number of job evaluation plans needed in an organization can be influenced by the number of employees, but it is not the sole determining factor.
Other factors such as the organizational structure, complexity of job roles, and diversity of job functions also play a significant role in determining the number of job evaluation plans required.
In smaller organizations with a limited number of employees, it may be feasible to have a single job evaluation plan that covers all job roles.
However, as the organization grows and becomes more complex, it may require multiple job evaluation plans to accurately assess and evaluate different job positions.
This could be due to variations in job responsibilities, skill requirements, hierarchical levels, or different departments within the organization.
The purpose of job evaluation plans is to establish a systematic method for determining the relative value of different jobs within an organization.
By evaluating and comparing jobs based on predetermined criteria, organizations can ensure fairness in compensation, internal equity, and alignment with overall business goals.
The number of job evaluation plans needed will vary based on the specific characteristics and needs of each organization.
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A company wants to market different types of shampoo using color-coded bottles, lids, and label print. It has four different colors of lids, five different colors of bottles, and two different colors of print for the label available. How many different types of shampoo can the company package? types
Answer: 40 types
Explanation:
From the question, we are informed that a company wants to market different types of shampoo using color-coded bottles, lids, and label print and that the company has four different colors of lids, five different colors of bottles, and two different colors of print for the label available.
To calculate the different types of shampoo that the company can package, we use the multiplication principle. This will be:
= 4 × 5 × 2
= 40 types
deman is ____ when the price change results in a proportional change in quantity
demanded. This type of demand is __________________ to find.
Answer:
Unit elastic, difficult
2008 1 Mar Started business with $1,000 cash.
credit or debit
Answer:
The cash a/c is debited as it is an asset for the business and the capital a/c is credited as it is a liability for the business according to the business entity concept.
medical costs, taxes, and interest are all examples of deductions that are subtracted from adjusted gross income.
true/false
The statement medical costs, taxes, and interest are all examples of deductions that are subtracted from adjusted gross income is false. Your AGI may occasionally be lower and will never exceed your gross total income on your tax return.
An agreement known as medical reimbursement allows employers to cover some of an employee's medical costs. The Income Tax Act permits a tax exemption of up to INR 15,000 for employer-paid medical expenses. Modified Adjusted Gross Income (MAGI) Medi-Cal is the most prevalent type of the programme. Non-MAGI Medical is Medi-Cal that determines eligibility using different criteria, such as property value, household size, and income.
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which of the following mutual funds is more likely to meet mary’s investment objective? a growth fund an equity-income fund
To determine which mutual fund is more likely to meet Mary's investment objective, we need more information about her specific investment goals, risk tolerance, time horizon, and other factors.
A growth fund primarily invests in stocks of companies with strong growth potential. These companies often reinvest their earnings into expansion and innovation, aiming for capital appreciation. Growth funds typically focus on companies in sectors such as technology, healthcare, and consumer discretionary, which are expected to experience above-average growth rates. These funds may have higher volatility but can offer higher returns over the long term. An equity-income fund focuses on investing in dividend-paying stocks. These funds seek to generate income for investors through regular dividend payments while also aiming for capital appreciation.
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Question: Draw the Porter Competitive Model for banking industry in KSA.
The Porter Competitive Model is a framework used to analyze the competitive forces within an industry. In the case of the banking industry in KSA (Kingdom of Saudi Arabia), we can apply this model to understand the factors that affect competition in this particular industry.
Here are the steps to draw the Porter Competitive Model for the banking industry in KSA:
1. Identify the Five Forces: The Porter Competitive Model consists of five forces that shape competition within an industry. These forces include:
a. Threat of New Entrants: This force represents the possibility of new banks entering the market. Factors that determine the threat of new entrants in the banking industry in KSA could include government regulations, capital requirements, and the reputation of existing banks.
b. Bargaining Power of Suppliers: In the context of the banking industry, suppliers refer to the sources of capital for banks, such as depositors and investors. Factors that affect the bargaining power of suppliers could include the availability of alternative sources of capital and the interest rates offered by banks.
c. Bargaining Power of Customers: Customers in the banking industry refer to individuals and businesses that utilize banking services. Factors that determine the bargaining power of customers could include the number of available banking options, the switching costs associated with changing banks, and the level of customer loyalty.
d. Threat of Substitutes: Substitutes in the banking industry are alternative financial services or products that customers can use instead of traditional banking services. Factors that determine the threat of substitutes in KSA's banking industry could include the availability and popularity of digital banking platforms, peer-to-peer lending, and other fintech solutions.
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In the accounting equation, assets are equal to which two things?
A. Debits + equity
B. Debits + accounts
C. Liabilities + equity
D. Liabilities + accounts
Please select the best answer from the choices provided
A
B.
OOOO
С
D
Answer:
C. Liabilities + equity
Explanation:
Edg 2021 ...
4 On 1 July 20-6 Mumtaz started a business. The following are her transactions for the first two weeks of trading:
Mumtaz started a commercial enterprise. the following are her transactions for the primary weeks of trading: can do economic transactions thru cellular banking using a smartphone.
Definition of transaction: something transacted specially: a trade or switch of goods, services, or funds digital transactions. b transactions plural: the often posted record of the meeting of a society or affiliation: an act, system, or example of transacting.
Examples of transactions are as follows: Paying a provider for offerings rendered or items added. Paying a seller with coins and notice so that you can attain ownership of belongings previously owned by means of the seller. Paying an employee for hours worked.
In accounting, a transaction in any financial commercial enterprise event impacts a commercial enterprise's monetary statements. because transactions include any occasion that has an economic effect on your monetary data, there are a whole lot of items that are transactions.
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Which of the following statements is true about mortgages?
A. The adjustable mortgage has an adjustable term of years but
fixed interest rate.
B. The adjustable mortgage has adjustable rates over a set amount
of time.
C. The fixed mortgage has a fixed term of years but adjustable
interest rate.
D. The fixed mortgage has an adjustable interest rate over a set time.
The statement true about mortgage is B. adjustable mortgage has adjustable rates over a set amount of time.
A mortgage is basically a pact or agreement between the person who is providing a loan in the form of money and the person taking the loan in the form of money. It includes that if you fail to return the amount the lender has all the rights by which they can take away your property that you have submitted as a security deposit in form of property papers.
There are two types of mortgages on the basis of interest rates first is adjustable mortgages which has adjustable rates of interest through a fixed period of time. On the other hand is fixed mortgages which means there is a fixed rate of interest for a fixed period of time.
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Arrange the following revenues in the federal government, from greatest to
least.
Drag each item to put them in the correct order.
(2 points)
= excise taxes
= Social Security and Medicare taxes
= corporate income taxes
= individual income taxes
= customs duties
= miscellaneous revenue