After 1873, the U.S. government guaranteed the value of a dollar in terms of gold. This was known as the gold standard, and it meant that every dollar in circulation could be redeemed for a set amount of gold.
This system was intended to provide stability and predictability to the economy, as well as prevent inflation. However, the gold standard also had drawbacks, such as limiting the government's ability to respond to economic crises and fluctuations in the value of gold. It was eventually abandoned in the 1930s, as the government sought more flexibility in managing the economy.
During the period of the gold standard, the use of commodity-backed money continued, as the value of the dollar was tied to the value of gold.
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Another name for a substandard risk classification is
A. Elevated
B. Rated
C. Controlled
D. Decline
The right response is B. Rated. A different term for a substandard risk categorization.
Two further names for inferior risk categories are impair risk and life insurance with a table rating. People with significant health problems are categorised as posing a low risk. Depending on their risks, these individuals can be compelled to pay an extra cost or a "table rating" to the issuing life insurance company. The three risk groups that insurance companies employ the most commonly are super preferred, preferred, and standard. The specific qualifications might differ from company to company, even though the standards for each class don't. If applicants don't meet the prerequisites for these classes, they risk being classified as substandard.
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The company takes a physical inventory count at the end of the year and adjusts their inventory and cost of goods sold if there is a difference between the inventory value determined from the actual count compared to the value in the general ledger. The information below includes the number of units counted in inventory at the end of the year and the purchases of inventory during the month. Number of units held in the company's inventory at 12/31/2016 based on a count of the inventory was 17,728 units. A listing of purchases during the month of December are as follows :
Date Quantity Purchased Unit Cost Total Cost
12/5/16 15,000 3,75 56,250
12/14/16 6,500 4.00 26,000
12/21/16 7,500 450 33,750
The company uses FIFO to account for its inventory cost.
The balance in inventory per the What is the amount of the Dece credit)?
To modify the inventory of one item. After you have made a bodily count number of an object in your inventory area, you can use the Adjust Inventory characteristic to report the proper inventory quantity. icon, enter Items, and then pick the related link.
Why there is a need of physical count of stock ending at quit of period?Taking Year-End Physical Inventory Can Help Ensure Accuracy
Even if you use stock management software program or different systems to track inventory at some point of the year, solely an authentic count can reveal what you have on hand and make sure it suits what's in your system.
The simple technique for calculating ending inventory is straightforward. You sincerely take the establishing inventory at the outset of the present day accounting period, add the price of new purchases and subtract the value of items sold (COGS).
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One of the responsibility of a sport marketer is Increasing Merchandise and Ticket Sales. Sports marketers can advertise merchandise or events so that supporters are enticed to purchase and attend the event.
In business, Sports marketing generally can be defined as a concept has established itself as a branch of marketing over the past few decades. Sport marketer has some roles and responsibility through the client. Sport marketer have to make sure that Sponsorships With Clients and Businesses is secure. Beside that, sport marketer also have to advertise the product and event's ticket, so the Merchandise and Ticket Sales wil increase.
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in what year did the us last experience double digit inflation?
United States had two years of back-to-back double-digit inflation. It happen on 1974 and 1979-80 or known as World War I.
In economy, Inflation generally can be defined as the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the increase in the cost of living in a country or also the overall increase in prices. United States had two years of back-to-back double-digit inflation. It happen on 1974 and 1979-80 or known as World War I. in March and April of 1980, The inflation rate hit a record high of 14.6%.
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How can the government reduce the wealth gap in a market economy?
By putting restrictions on how much citizens can earn, the government can narrow the wealth gap in a market economy.
Define wealth gap in a market economy and its reduction method?American politics across the political spectrum have been shaken by the rise in income inequality and the struggles of so many families to succeed.
Enhancing human capital:
This includes having access to reasonably priced healthcare, employment training, apprenticeships, and vocational education. Improved basic education is of utmost importance, starting with programs for 3- and 4-year-olds in prekindergarten.Increasing pay and returns:
For low-income workers, employment can be made more lucrative by the government.There are other, more limited options besides raising the minimum wage.Changing corporate governance.
Recent decades have seen a decline in the influence of workers in economic decision-making and an increase in the influence of business owners as a result of the rise of "shareholder capitalism" in the American system. The social contract is mutable by both government and business.To know more about the wealth gap, here
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Data analytics must be anchored in: The execution of strategy. The formulation of strategy. Strategic analysis. The entire strategic management process.
According to the textbook, the process of c) strategic analysis management begins with strategy formulation.
The first step in the strategic management process is to comprehend strategy and performance. As we've seen in this introduction chapter, strategic analysis management includes a variety of conceptualizations of the concept of strategy drawn from both recent and ancient history. It combines information and art.
In order to surpass rivals, a corporation introduces a continual culture of review as a part of its strategic management procedure. This is a challenging process that also requires communicating the association's broader vision for present and future products, despite how simple it may seem. Direct, adaptive, enlightening, suggestive, and transcendent are the five approaches of strategic management, arranged from greatest simplicity to most complexity. Strategic management comes in five main forms.
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A focused low-cost strategy seeks to achieve competitive advantage by:
A targeted low-cost strategy aims to gain a competitive edge by providing lower-cost and more affordable services to customers in a certain segment of the overall market (the target market niche).
What does focused low-cost approach entail?a targeted low-cost strategy that focuses on a specific customer base (or market niche) and outperforms competitors by having lower expenses than competitors and thus being able to provide niche members with services at a lower cost.
What competitive advantage does reduced cost have?Due to lower production costs, low-cost strategies allow businesses to provide their goods and services at a lower cost than those of their rivals, giving them a competitive edge over their rivals.
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ERP is now about enterprise applications 20 Multiple Choice 8 003735 ntegration development deployment interfaces.
ERP is now about enterprise applications: integration, means the option B is correct.
Businesses utilize the enterprise resource planning (ERP) software to coordinate and manage the key elements of their operations. Many ERP software programs are essential to businesses because they assist in the implementation of resource planning by integrating all the operations required to manage their businesses into a single system. Planning, inventory purchases, sales, marketing, finance, and other activities can all be integrated into an ERP software system. The many business operations can be integrated via ERP software. Since ERP solutions have developed through time, many of them are now often web-based programs that users may access from anywhere. Free communication between business units, a single source of information, and precise, real-time data reporting are some advantages of ERP. There are numerous.
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The complete question is here:
ERP is now about enterprise applications:
A. networking
B. integration
C. interfaces
D. deployment
E. development
What are the different types of physical fitness test?
Physical fitness tests are used to assess an individual's physical health and performance abilities. The most common types of physical fitness tests include aerobic tests, muscle strength and endurance tests, flexibility tests, and body composition tests.
Aerobic tests measure an individual's cardiorespiratory endurance and involve running, walking or cycling for a set amount of time. Flexibility tests assess joint range of motion and an individual's ability to perform activities such as stretching and bending. Body composition tests measure body fat percentage, muscle mass, and other indicators of physical health.
Physical fitness tests can be used to assess an individual's physical well-being, identify areas for improvement, and track progress over time. It is important for individuals to be aware of their physical fitness level and to assess it regularly.
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What is the most common political reason for trade barriers?
The most frequently cited political justification for trade barriers is job protection. The process by which foreign producers can "dump" their goods onto the domestic market.
Legal restrictions known as trade barriers are usually implemented to safeguard a country's domestic economy. The amount of products and services that can be imported is often reduced. These trade restrictions, which typically take the form of tariffs or levies, favor governments, domestic producers, and national interests at the expense of consumers.
The process by which foreign producers can "dump" their goods onto the domestic market for substantially less money than domestic producers are willing to charge is referred to as "dumping" in this context. A foreign producer can decide to dump their goods into another economy for one of two reasons. The most frequently cited political justification for trade barriers is job protection.
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What are the 4 types of profit?
The four types of profit are gross profit, operating profit, profit before tax and net profit.
Gross profit is the total profit a company has after deducting cost of goods sold from total revenue. This is the highest level of profit and is a good indicator of the company's cost efficiency.
Operating profit is total profit after subtracting cost of goods sold and operating expenses from total revenue.
Profit before taxes is the total profit after deducting cost of goods sold, operating expenses and other non-operating expenses from total revenue.
Net profit is the total profit after deducting all expenses from total revenue. This is considered the "bottom line" and is the ultimate measure of the company's performance.
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A corporation is created by obtaining a charter from a state government. A charter application usually most be signer by the prospective stockholders called incorporators or promoters and then filed with the proper state official. when the application process is complete and fees paid, the charter is issued and the corporation is formed. Investors then purchase the corporation;s stock, meets as stockholders, and elect a board of directors. Directors oversee a corporation's affairs.
The founders manage the business of the company. Incorporation can mean the formation of one of many legal structures, such as a Limited Liability Company (LLC), a C Corporation (C Corporation), or an S Corporation. The formation of a corporation is a legal process to form a company or group of companies.
What does a corporation mean?A group of people can come together to legally form a corporation to do business and run a commercial or industrial venture. Depending on its jurisdiction's corporate legislation, a corporation may be set up in a variety of ways for tax and financial liability reasons.
Can you call a business a person?Many of the same legal rights and obligations that apply to individuals also apply to businesses. They have legal authority to make agreements, lend and borrow money, file lawsuits, hire staff, possess property, and pay taxes. A company may be referred to as a "legal person" by some.
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An independent auditor must have which of the following?
O Experience in taxation that is sufficient to comply with generally accepted auditing standards.
O The ability to exercise sound professional judgment.
O A pre-existing and well-informed point of view with respect to the audit.
O A background in many different disciplines.
Independent auditors must possess (B) the ability to make informed business decisions.
What is an Auditor?An auditor is a person or a corporation that a company hires to carry out an audit.
A person must be qualified by the organization that oversees accounting and auditing, as well as meet other requirements, in order to operate as an auditor.
Generally speaking, a person needs a certificate of practice from the regulatory body in order to serve as the company's external auditor.
An auditor is a specialist type of accountant who examines financial statements and confirms the accuracy of other accountants' work.
Auditors primarily operate in two contexts: To conduct an outside audit of a company, external auditors are hired.
For independent accounting businesses, many people work.
An independent auditor needs to be able to make wise professional decisions.
Therefore, independent auditors must possess (B) the ability to make informed business decisions.
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Complete question:
An independent auditor must have which of the following?
A. Experience in taxation that is sufficient to comply with generally accepted auditing standards.
B. The ability to exercise sound professional judgment.
C. A pre-existing and well-informed point of view with respect to the audit.
D. A background in many different disciplines.
What is the minimum wage hourly?
From 1 October 2022, the Delhi government has increased minimum wage for unskilled workers from INR 16,506 to INR 16,792, for semi-skilled workers from INR 18,187 to INR 18,499, and for skilled workers from INR 20,019 to INR. announced that it will be increased to 20,357.
A minimum wage is defined as “the minimum wage that an employer must pay to a worker for work performed during a specified period and that cannot be reduced by collective or individual agreement”. Minimum wage, as required by federal law, is the lowest hourly rate an employee may be paid. This is the statutory minimum hourly rate, below which non-exempt workers cannot be offered or agreed to work.
There are his three types of wages: minimum wage, fair wage and living wage. At the bottom of the ladder is the minimum wage that employers of industrial workers must pay to keep working in the industry.
India offers the most competitive labor costs in Asia, with the national minimum wage of about INR 178 (US$2.16) per day for him, which is equivalent to INR 5340 (about 65 USD) per month. USD). This figure is the minimum wage and wage rates vary by region and other criteria.
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How many hours is part time?
However, for comparative statistical purposes, part-time work is generally considered to be less than 35 or 30 hours per week. Part-time work is one of the traditional forms of non-routine employment.
Legal and statistical definitions of part-time work often differ. In many countries the legal definition is similar to that used in Convention No. 175. Some companies also set maximum hours for part-time work (e.g. 25 hours a week or two-thirds of his normal full-time hours). Part-time work is one of the traditional forms of non-routine employment. However, recent decades have not only increased its importance, but also seen a diversification of its forms, including:
“Significant part-time” (21-34 hours per week); “Short part-time” (20 hours or less) and “Slightly” part-time (less than 15 hours per week). In some cases, work arrangements may not include very short or predictable fixed hours, and employers are not required to provide a fixed number of hours. These agreements are called "standby work" and vary from country to country, including so-called "zero hour contracts".
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What information is on an ATM receipt?
The information on an ATM receipt contains the name of your bank, your available balance, the amount of your transaction, and the last four digit of your account number.
In case you are deciding to withdraw the money from another bank's ATM, it makes sense in order to ask for an ATM receipt. As this tends to become the transaction proof, which is in use in case of a glitch of having received less or no cash, or any other issue.
However, by depending on the ATM, sometimes the receipt will tend to print a ledger balance and then an available balance. Thus. the available balance is the amount which your financial institution indicates that is available to you for debit transactions.
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how can only paying attention to the monthly payment benefit the lender
The whole cost of your loan is hidden if you only think about your monthly installments. You should consider the entire cost of borrowing when taking out any loan, not the monthly payment.
What is the advantage of monthly payment?They have immediate access to money when they need to pay an urgent bill, they get to pick their own pay dates so that they can meet their regular financial obligations, and they can manage their own pay processes without the aid of payroll.
Why do companies prefer monthly payments?Due to the benefits of a monthly billing cycle, customer acquisition costs are frequently cheaper as the sales cycle is shortened. You get the chance to interact with clients on a daily basis and find out if they use your items.
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Anta ue 1 heet of paper to make a calender howing each month of the year how can he divide her calender
The first step to making a calendar is to divide the sheet of paper into twelve columns, each column representing a month of the year.
The calendar can be divided in several different ways, depending on the amount of space needed. For example, if the calendar is intended to be hung on a wall, the columns could be evenly spaced to make the most of the available space. Alternatively, the columns could be arranged to form either a rectangular or a square shape.
Once the columns have been divided, the calendar maker can then begin to label the months. Depending on how much detail needs to be included in the calendar, the maker can choose to either label each month in full, or just use the first three or four letters of each month. The maker can also choose a color scheme for the calendar, such as one that uses a different color for each month, or one that uses a single color for the whole year.
In addition to labeling the months, the maker can also mark important dates and events on the calendar. This could be done by writing in the dates, or by using symbols or stickers to mark the dates. If the calendar is intended to be used for planning purposes, the maker can also include notes or reminders related to the events.
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What happens due to fluctuations of the phosphorus cycle in aquatic ecosystem?
Phosphorus is often the limiting nutrient or the most deficient nutrient, limiting the growth of aquatic ecosystems. When nitrogen and phosphorus from manure runoff into lakes and oceans, eutrophication.
Phosphorus is an essential nutrient for all living organisms. It is a key component of our DNA and all living organisms require a daily intake of phosphorus to produce energy. It cannot be replaced and there are no synthetic substitutes.
There is no life without phosphorus. It plays an important role in cell development and is a key component of energy-storing molecules such as ATP (adenosine triphosphate), DNA, and lipids (fats and oils). Too little phosphorus in the soil can reduce yields.
Phosphorus (P) often limits the primary productivity of aquatic systems. Humans have altered phosphorus cycling in aquatic systems both directly by mining phosphorus-rich rocks and indirectly by manipulating other elemental cycles to modify aquatic food webs.
Too much phosphorus can promote the growth of algae and large aquatic plants and reduce dissolved oxygen levels. This is a process known as eutrophication. High levels of phosphorus can also cause algal blooms that produce algal toxins that are harmful to human and animal health.
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What gift does della buy for Jim in the short story the of the Magi *?
Della buys Jim a platinum fob chain for his watch for Jim in the short story the of the Magi.
Della goes to a store to buy Jim a Christmas present and finds a platinum fob chain for his watch. She notices the chain is expensive, but she decides to buy it for Jim since he loves his watch so much. She makes a deal with the storekeeper, trading her long, beautiful hair for the chain.
She goes to the barber and has her hair cut off in exchange for the money to buy the chain. She is proud of her sacrifice and can't wait to give it to Jim. When she finally gives him the gift, Jim is so happy that he starts to cry, realizing the extent of Della's selfless love and sacrifice.
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Basic career skills include all of the following:
organizing
reading
writing
keyboarding
The answer is Organizing, Reading, and Writing. Got 100% in edge.
Organizing, this shows that you can multitask which is basic requirements among career building skills.
What does a life career entail?The range of experiences you've had throughout your life make up your career. You are developing your career as you accumulate more job and life experience. Your education, training, and paid or unpaid employment all factor towards your career path.
How would you define a career?A career is when you continue doing the same kind of work. One job or several jobs might make up a career. You could work for a single business or several. Sometimes a "career path" is used to describe a career. Education, training, and professional experience all go into a career.
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Identify the type of distribution pattern that occurs when the majority of the data values fall to the left of the mean
A positively skewed distribution, sometimes referred to as a right-skewed distribution, is a type of distribution where the majority of values are concentrated around the left tail and the right tail is longer.
What is meant by skewness?The asymmetry of a distribution is measured by skewness. When the left and right sides of a distribution do not mirror one another, such distribution is asymmetrical. The skewness of a distribution might be positive, negative, or zero.
One tail of a skewed distribution will typically be much longer or drawn out than the other tail, which is extremely frequent. When the tail is on the right side, a distribution is said to be "skewed right." Having the tail on the left side of the distribution is referred to as being "skewed left."
A positively skewed distribution, sometimes referred to as a right-skewed distribution, is a type of distribution where the majority of values are concentrated around the left tail and the right tail is longer.
The complete question is:
Identify the type of distribution pattern that occurs when the majority of the data values fall to the left of the mean.
a. symmetrical
b. positively-skewed
c. negatively-skewed
d. left-skewed
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What does a deficit require the government to do?
The money the state has to spend is money collected in taxes. If that is not enough to cover its costs, the government will have to run a deficit and borrow money.
When a budget deficit is confirmed, current expenditures exceed income from normal operations. To correct a country's budget deficit, often called a budget deficit, governments may cut certain spending or increase revenue-generating activities.
A budget deficit can lead to more borrowing, more interest payments, less reinvestment, and less income next year.
When a surplus occurs, your income exceeds your current expenses and you can allocate the surplus funds further. If the inflow and outflow are equal, the budget is said to be balanced.
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What are constant expenses called?
Fixed Expenses, these expenses occur at predictable intervals, typically monthly.
What Do Fixed Expenses Entail?Car, mortgage, rent, insurance, and property tax payments are examples of common fixed expenses. Usually, it is difficult to change these costs. On the bright side, since they are regularly paid and typically remain the same, they are simple to budget for.
Even while it can appear like spending and liabilities are the same thing, they're not. The monthly payments your business makes to fund operations are referred to as expenses. The commitments and debts owing to other people are known as liabilities.
An expense that fluctuates in relation to production output or sales is referred to as a variable cost. Variable costs rise in response to rising production or sales, and fall in response to falling output or sales.
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What is the key differentiator between monopoly and monopolistic competition?
A monopoly is a kind of imperfect competition in which a seller or producer gains the lion's share of the market due to the absence of alternatives or rivals. A kind of imperfect competition known as monopolistic competition occurs when several suppliers compete for the same market share by distinguishing their goods.
While monopoly refers to a single business with significant entry barriers, monopolistic competition is defined by an industry with multiple firms, distinct goods, and easy entrance and exit. An oligopoly is a market where there are only a few vendors. Monopolistic competition is used to describe circumstances in which there are several vendors yet the items are significantly different. While under monopolistic competition, businesses generate somewhat different commodities, in perfect competition, businesses produce identical goods. In monopolistic competition, each business creates products or services that are almost identical to those created by the competitors. Competitive businesses set their identical items apart from one another through distinctive marketing approaches, brand identities, and somewhat varied quality standards.
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Which of the following individuals earning $100,000 of income per year can make a deductible contribution to an IRA
Individuals earning $100,000 of income per year can make a deductible contribution to an IRA are whoever does not have access to another qualifying retirement plan
Who is eligible to contribute deductible funds to an IRA in 2022?
For the 2022 tax year, single filers with modified adjusted gross income of $68,000 or less and joint filers with income up to $109,000 each may deduct their entire contribution. After that, deductions start to decline and eventually phase out once an individual's income reaches $78,000 and a married couple's income reaches $129,000.
Which of the following would be eligible to make an IRA contribution?
Stocks, bonds, mutual funds, annuities, unit investment trusts (UITs), exchange-traded funds (ETFs), and even real estate are all acceptable forms of investment inside an IRA.
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A Purchase Order usually does not include:
A. Selling price.
B. Quantity ordered.
C. Purchaser name.
D. Purchase price
A Purchase Order usually does not include the Purchase price. Thus, option D is appropriate.
A purchase order is a formal legal document that a buyer uses to place an order with a supplier. The items, quantities, prices, as well as credit terms for purchase from the supplier, are all specified in a buy order. When a seller accepts a purchase order, it turns into a contract that must be followed.
A purchase order, commonly referred to as a PO, is a legal document that a buyer issues to a seller describing the kinds, quantities, and prices of products or services that are required. It is used to control the purchase of services and products from independent suppliers.
Thus, option D is correct.
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The 5 box positioning tool diagram
The 5 box positioning tool is a marketing tool used to help businesses better understand their target customer and position their product or service in the most effective way
What is five box positioning tool diagram?
A five box positioning tool diagram is a visual tool used to help marketers analyze their product's position in the marketplace. It consists of five boxes, each representing a different element of product positioning. The boxes include the product's purpose, features, benefits, market and competition. By analyzing each box, a company can determine how their product is perceived in the marketplace and make adjustments to better position the product.
The 5 box positioning tool diagram
1. Define Your Target Market: Identify the characteristics of the ideal customer you want to target, such as demographics, lifestyle, and behavior.
2. Analyze Your Competition: Understand how your competition is positioned in the marketplace, including their messaging, pricing, and positioning.
3. Develop Your Competitive Advantages: Find ways to differentiate yourself from the competition by identifying unique benefits and features your product or service offers.
4. Set Your Pricing Strategy: Determine the pricing strategy that will best position your product or service in the marketplace.
5. Create Your Positioning Statement: Craft a concise description of your product or service that accurately reflects your target market, competitive advantages, and pricing strategy.
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An attachment has been provided as an support of the answer !
Damian i monitoring the temperature of the wimming pool. It i currently 86. 8 degree and cooling 0. 5 degree per minute. After how many hour will the wimming pool be 80. 8 degree
It will take 1 hour and 12 minutes for the temperature of the pool to reach 80.8 degrees.
The temperature of the swimming pool is currently 86.8 degrees, and cooling at a rate of 0.5 degrees per minute.
To calculate how many hours it will take for the temperature to reach 80.8 degrees, we need to first figure out the difference between the starting and ending temperatures.
The difference between the starting temperature and the desired ending temperature is 6 degrees.
86.8-80.8=6
Since the pool is cooling at a rate of 0.5 degrees per minute, it will take 12 minutes for the temperature to drop by 1 degree.
To drop by 6 degrees, it will take
12 × 6 = 72 minutes
Or 1 hour and 12 minutes.
Therefore, it will take 1 hour and 12 minutes for the temperature of the pool to reach 80.8 degrees.
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Joan is the proprietor of a manufacturing company. She purchased a machine worth $1,000 for the business on credit. How will this transaction affect the accounting equation? A. Assets ↑ (1,000) = Liabilities↑ (1,000) + Owners’ Equity B. Assets = Liabilities ↑ (1,000) + Owners’ Equity ↓ (1,000) C. Assets ↑ (1,000) = Liabilities + Owners’ Equity ↓ (1,000) D. Assets = Liabilities ↑ (1,000) + Owners’ Equity ↑ (1,000)
The effect of the purchase of the machine by Joan, on the accounting equation, is A. Assets ↑ (1,000) = Liabilities↑ (1,000) + Owners’ Equity
How is the accounting equation affected ?The accounting equation is:
Assets = Liabilities + Owner's equity
When Joan purchased a machine, this would go to the assets as machinery are fixed assets. As the assets increase, there would need to be a source of this increase.
In this case it is liabilities as Joan bought the machine on credit which means the company now owes money for the purchase of the machinery.
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