How can I save and spend money wisely?

Answers

Answer 1

It's a way of life to manage your money well! You can save for future requirements by staying within your income while making on-time, full bill payments. You'll achieve your largest financial objectives if you match your spending patterns with the things that are most important to you.

Some methods to follow for money saving and spending are-

Pay off your debt.Set up a special savings account.Save money by automating it.Pay your bills automatically.Set a spending cap for your credit card. Reduce your credit card usage.Your credit card debt might be consolidated.Prepare food at home.Compare insurance quotes.Consider Important Purchases.Think about second-hand clothing.Examine your insurance contracts.Avoid spending a lot of money on presents and vacations, which are considered to be periodic purchases.Reduce the quality of your services.

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Related Questions

The Jackson Company incorrectly omitted $100,000 of merchandise from its 20X1 ending inventory. In addition, a merchandise purchase of $40,000 was incorrectly recorded as a $4,000 debit to the purchases account. As a result of these errors, 20X1 before-tax income is:

Answers

$64,000
In error, $100,000 worth of goods were left out of The Jackson Company's 20X1 closing inventory. A $40,000 purchase of goods was also mistakenly recorded as a $4,000 debit to the purchasing account. These mistakes result in a $64,000 before-tax income for 20X1.

Due to the company leaving $100,000 out of the stock account, the cost of products sold will increase by $100,000 as well as Earn $100,000. A $4000 negative to the purchase account would result in a $36,000 profit reduction and a $4,000 drop in the cost of goods sold.

Total understate Tax income = $100,000 - $36,000
                                         = $64,000
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Many of Alibaba's customers provide their business customers with a website to use for easy reordering of frequently used supplies, which represent ________ buying situations.

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Many of Alibaba's customers provide their business customers with a website to use for easy reordering of frequently used supplies, which represent straight rebuying situations.

What is straight rebuy?

This is when a company or an organization buys back a product. A straight rebuy occurs when a corporation reorders the same items from the same source in the same amount.

Here, a company places a second order with a supplier that is identical to the first purchase it made.

Companies often re-orders a product from the same supplier or list of supplier they have at hand without having to change to another supplier.

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This graph suggests unemployment in the United States will continue to fall. will continue to rise. will remain the same. will only change a little.

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The Graph suggests unemployment in The United States (b) will continue to rise.

Unemployment tends to occur more frequently among lower income earners in the economy, such as the young and unskilled. These people become relatively work off compared to higher income earners, contributing to poverty and overall inequality in income distribution.

The Following statistics supports why unemployment will continue to rise in  the USIn August 2010, 42.0 percent of unemployed persons had been jobless for 27 weeks or more. Persons who had been unemployed for 27 weeks or more made up 44.9 percent of the unemployed in July and 45.5 percent in June.The number of long-term unemployed (those jobless for 27 weeks and over) declined by 323,000 over the month of August to 6.2 million.

The number of unemployed persons (14.9 million) and the unemployment rate (9.6 percent) were little changed in August. From May through August, the jobless rate remained in the range of 9.5 to 9.7 percent.

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Correct Question - This graph shows the US unemployment rate from August 2010 to November 2011.

This graph suggests unemployment in the United States

a. will continue to fall.

b. will continue to rise.

c. will remain the same.

d. will only change a little.

A process cost system would be appropriate for a:

Answers

Companies that produce a continuous mass of like units through series of operations or process

A Palm Beach County property is being sold for $98,350 and the buyer is taking title subject to an existing mortgage in the amount of $61,220. What is the total amount of taxes due in this transaction

Answers

The  total amount of taxes due in this transaction is: $688.80.

Total amount of taxes

State documentary or stamp tax on deed is calculated at rate $.70 per $100 of value

First step

Tax units=$98,350 ÷ $100

Tax units = 983.5

Tax units=984 (Approximately)

Second step

Documentary stamp tax = 984x $.70 cents

Documentary stamp tax   = $688.80 (debit to the seller)

Therefore the total amount of taxes due in this transaction is: $688.80.

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The money supply term that includes accounts that can be accessed quickly and easily and most savings accounts, mutual funds, and Certificates of Deposit is

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The money supply term that includes accounts that can be accessed quickly and easily and most savings accounts, mutual funds, and Certificates of Deposit is M-2.

What is M-2?

The M2 is broader measure of MS although it is has a less liquid measure compared to M1 and consists of currency, traveler’s checks, checking deposits, savings accounts, money market mutual funds etc.

M2 = M1 + savings accounts deposits + money market mutual funds.

M2 includes all M1 plus near money such as savings deposit, money mutual fund and other time deposit that are less liquid and not easily transferrable to physical money.  M2 is a broader definition. M2 includes M1, certificates of deposit, money market account balances, and savings account balances.

M2 is a proportion of the cash supply that incorporates money, checking stores, and effectively convertible near money.  M2 is a more extensive proportion of the cash supply that M1, which simply incorporate money and checking deposits.

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What is the posting reference that will be found in the cash account?

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In accounting, to “post” a transaction means to record it in the journal and/or the account ledgers. A post reference is a code that can guide anyone looking at a specific account ledger (such as accounts payable or accounts receivable) to the corresponding entry in the journal, or vice versa.

A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.

In your company's books, a journal entry serves as a record of a business transaction. Every transaction requires at least two journal entries in double-entry bookkeeping. A bookkeeper keeps track of all the changes that a transaction can bring about in a business by recording them in their journal.

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Output per hour of work is the definition of:_______
a. the marginal product of labor
b. increasing returns to labor
c. labor productivity
d. diminishing returns to labor

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When someone refers to the output per hour of work that is done, this is another way of talking about c. labor productivity.

What is labor productivity?

This refers to the amount of work that a worker is able to carry out within a period of time which is usually an hour. It can be calculated by dividing the units produced by the number of hours worked.

This therefore gives the output per hour of work. Labor productivity is best when it is high because it means that a company is producing more goods and services per hour.

The more goods and services produced, the more a company stand to make revenue when it sells these goods and services.

In conclusion, output per hour of work is called labor productivity.

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Consider a good to which a per unit tax applies. the size of the deadweight that results from the tax is smaller if:________

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Consider a good to which a per unit tax applies. The size of the deadweight that results from the tax is smaller, the smaller is the price elasticity of supply.

A deadweight loss is the loss in social surplus which occurs when the economy produces at an inefficient quantity. So, a per unit tax results in a loss in social surplus.

The amount of the deadweight loss varies with both demand elasticity and elasticity of supply. When either demand or supply is inelastic, then the deadweight loss of taxation is smaller, because the quantity bought or sold varies less with price.

Hence, the answer is given and explained above.

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When initiating communications with predecessor auditors, prospective auditors should expect:______.

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When initiating communications with predecessor auditors, prospective auditors should expect the following:

-For taking responsibility for obtaining the client's consent for the predecessor to give information about prior audits.

-For conducting interviews with the partner and manager in charge of the predecessor in the  public accounting firm's engagement.

-For obtaining copies of some or all of the  audit documentation of  predecessor auditors'

An auditor is a person who is  authorized to review and verify the accuracy of financial records.

An auditor ensures that companies comply with tax laws. They protect businesses from fraud and point out discrepancies in accounting methods.

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To avoid having ethical situations become problematic for a firm, the short-term goals of each employee must:______

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To avoid having ethical situations become problematic for a firm, the short-term goals of each employee must be aligned with the long-term goals of the firm.

In order to avoid ethical situations which can later become problematic for a firm, an employee's short-term goals must be aligned with the long-term goals of the firm. As it helps to sustain employee motivation by helping employees measure the impact of their actions.

When personal goals are aligned with a firm's goal, an individual takes accountability of the tasks in hand. Thus, an individuals short-terms goals act as a milestone in their journey to reach the long-term goals of their life.

Hence, the short-term goals of an employee must be aligned with the long-term goals of the firm.

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The type of organizational-level reward in which employees receive a percentage of the organization's previous year's profits is called a:_______

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The type of organizational-level reward in which employees receive a percentage of the organization's previous year's profits is called a profit sharing.

Profit sharing is a system where employees are paid a portion of the net earnings of the firm they work for, according to a predetermined written formula. These payments, which may differ based on salary or compensation, are separate from and in addition to ordinary income.

Profit sharing refers to various incentive programs that companies have implemented that give employees direct or indirect compensation based on the company's profitability in addition to their base pay and bonuses. These schemes often involve the distribution of shares to employees in publicly traded corporations.

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What is the total of tim’s liabilities if he has recorded $50,000 in assets and $40,000 equity on a balance sheet?

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Total assets = Total liabilities + Total stockholders' equity

Total liabilities = Total assets - Total stockholders' equity

Total liabilities = $50,000 - $40,000

Total liabilities = $10,000

Hence, the total of Tim's liabilities is $10,000.

Responsibility is the responsibility of the individual or company and is usually the amount. Debts are settled over time by the transfer of economic interests, including money, goods, or services. The liabilities shown on the right side of the balance sheet include loans, liabilities, mortgages, income receivable, borrowings, guarantees, and accrued expenses.

Liability can be compared to assets. Debt is what you owe or owe. An asset is something you own or owe. In general, liability is an obligation between one party and another that has not yet been exempted or paid. In the accounting world, financial liabilities are also obligatory but are more likely to be defined by past commerce, events, sales, asset or service exchanges, or those that will generate economic benefits in the future.

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Investments in debt securities acquired principally for the purpose of selling them in the near term are classified as ________ securities.

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Investments in debt securities acquired principally for the purpose of selling them in the near term are classified as trading securities.

The definition of investment is an asset that is purchased or invested to build wealth and save money from hard-earned income or capital appreciation. The importance of investment is primarily to gain an additional source of income or to make a profit from the investment over a period of time.

Form of investment shares. Knead. Mutual funds and ETFs. bank product. option. Savings for pension, retirement, and education. Your investment allows you to be independent and not depend on other people's money when you need it financially. You can pay enough for your needs and desires in life.

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The channels through which advertising is carried to prospective customers are advertising: Group of answer choices conduits media routes segments waves

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The channels through which advertising is carried to prospective customers are advertising is: advertising media.

What is advertising?

Advertising can be defined as the way of creating product awareness so as to generate sales.

Hence, Advertising media tend to play an important function when it comes to creating product or brand awareness based on the fact advertising media is a channels through which advertising is carried to prospective customers.

The complete question is:

The channels through which advertising is carried to prospective customers; includes newspapers, magazines, radio, television, outdoor advertising, direct mail, social media, and the internet.

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The first institution to contact if you know you have been an identity theft victim is

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The first institution that should be contacted in the case of identity theft is the Federal Trade Commission (FTC).

Why should you contact the Federal Trade Commission (FTC)?

If you have fallen victim to identity fraud, you should call the Federal Trade Commission immediately.

They will then help you report to the relevant law enforcement agencies such as the FBI and local police.

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According to traditional Keynesian economics, expansionary fiscal policy initiated by the federal government

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According to traditional Keynesian economics, an expansionary fiscal policy initiated by the federal government is an appropriate way to prevent recessions and depressions (Option B).

This is because an expansionary fiscal policy like tax cuts increases consumption and investment as well as increases government spending. This shifts the aggregate demand (AD) curve to the right.

In the diagram below, if the initial AD was ADR indicating that the economy is suffering from recession, then the suitable policy for the government would be to shift the AD curve to the right. As the AD shifts to ADF, the economy would be at full employment level and potential GDP.

According to Keynesian economics, aggregate income = aggregate expenditures.

Aggregate expenditures are classified into two basic types – consumption (spending on goods and services) and investment (expenditure on means of production).

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Your question is incomplete. please read below to find the full content.

According to traditional Keynesian economics, an expansionary fiscal policy was initiated by the federal government.

A) will always fail due to crowding out effects.

B) is an appropriate way to prevent recessions and depressions.

C) is never appropriate.

D) is an appropriate way to slow down an over-heated economy.

Stag industries, annually rewards the top ten employees in terms of goal achievement with a trip to the caribbean. This action of stag industries is based on _____

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Stag industries, annually rewards the top ten employees in terms of goal achievement with a trip to the Caribbean. This action of stag industries is based on Behavior modification theory.

Stag industries are a real estate investment trust which focuses on the acquisition and operation of industrial properties throughout the United States. Stag has developed an investment strategy that helps investors to find a powerful balance of income plus growth.

Behavior modification theory is an approach that, over time, may replace undesirable actions and behaviors with more desirable ones. Here it can be seen Stag industries desirable action and behavior, as they are annually rewarding the top ten employees in terms of goal achievement with a trip to the Caribbean.

Hence, the action of stag industries rewarding their employees is based on behavior modification theory.

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A promotional tool in which a company lets consumers have a small sample of a product for no charge is known as?

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Sampling is the promotional tool in which a company lets consumers have a small sample of a product for no charge.

Sampling is a process utilized in statistical evaluation wherein a predetermined wide variety of observations are taken from a bigger populace. The method used to pattern from a bigger populace depends on the form of evaluation being accomplished, but it can encompass easy random sampling or systematic sampling.

The number one intention of sampling is to create a consultant sample, one wherein the smaller institution (sample) appropriately represents the traits of the bigger group (population). If the pattern is properly decided on, the sample can be generalizable to the populace. there are many methods to attain a sample.

There are most important forms of sampling methods – possibility and non-opportunity sampling. Chance sampling, also known as random sampling, is a form of sample selection in which randomization is used rather than planned desire.

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True or false: the residual value of a leased asset always impacts the lessee's accounting.
A. True
B. False

Answers

False, the residual value of a leased asset not always impacts the lessee's accounting.

What is the residual value of the leased assets?

The estimated value of a fixed asset after its useful life or lease term is known as the residual value, sometimes known as salvage value. In lease agreements, one of the lessor's main methodologies for figuring out how much the lessee must pay in periodic lease payments is the residual value.

How does residual value affect a lease?

Your monthly payment is affected by the residual value (a higher residual value means a higher monthly payment, compared to a lower residual value for the same vehicles MSRP). Every month and every year, the residual value is different. All leased cars depreciate over time.

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A company purchased a delivery van for $28,400 with a salvage value of $3,900 on september 1, year 1. it has an estimated useful life of 5 years. using the straight-line method, how much depreciation expense should the company recognize on december 31, year 1

Answers

The deprecation expense in year 1 is $1225.

What is the depreciation expense in year 1?

Depreciation is a method that is used to expense the carrying value of an asset. Straight line depreciation is a depreciation method that allocates the deprecation expense evenly across the useful life of the asset.  

Straight line depreciation expense is a function of the useful life of the asset, the cost of the asset and the salvage value of the asset.

Straight line depreciation expense = (number of months from Sept to Dec / number of months in a year) x (Cost of asset - Salvage value) / useful life

(3/12) x [(28,400 - 3900) / 5]

1/4 x (24,500/5) = $1225

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How are enterprise state roaming (esr) profiles different from other traditional user profiles?

Answers

Answer:

ESR keeps corporate and personal data separate

Explanation:

ESR lets users securely synchronize user and application settings data to the cloud

enterprise usually means business

so a person can upload their work to their server but that doesn't mean they get to see anyone else's work...like corporate secrets, salaries, etc

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quizlet

If the price level increases in the economy, Group of answer choices The aggregate demand will fall and shift to the left. The total spending in the economy will fall. The aggregate supply will fall and shift to the left. The total spending in the economy will rise.

Answers

The answer is total spending in the economy will rise.

In the broadest sense (and assuming constants), a rise in aggregate demand corresponds to an increase in the price level; conversely, a drop in aggregate demand corresponds to a fall in the price level.

When the price level in an economy grows, so does the average price of all products and services sold. Inflation is measured as the percentage rise in a country's price level over a given time period, which is generally a year. This signifies that inflation is occurring throughout the period in which the price level rises.

Therefore, the answer is total spending in the economy will rise.

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Is zero economic profit inevitable in the long run for a monopolistically competitive firm?

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The firm will not continue to earn profit because the cost of production will rise as new firms enter the market. The supply curve shifts to the right as new firms enter, prices fall, and profits fall. Firms will keep entering the industry until economic profits reach zero .Some businesses will leave a sector if it experiences financial losses. will leave.

As the supply curve shifts to the left, price rise and losses fall. The entry of a large number of new firms causes the market supply curve to shift to the right. As the supply curve shifts to the right, market prices begin to fall, and economic profits for both new and existing firms fall.

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You are a consultant who is working with an organization and want to incorporate the practice of teaming into their company. Which of the following would be the strongest approach

Answers

The strongest approach is to develop team charters that formally outline the rules within pre-established teams. This is further explained below.

What is the organization?

Generally, an organized collection of individuals with a specific goal, such a company or government agency.

In conclusion, Team charters are the best way to codify the rules of play for established teams.

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A company has current assets (cash, property, inventory, and accounts receivable) of $200,000 and current liabilities (taxes, loans, and accounts payable) of $50,000. How much can it borrow if it wants its ratio of assets to liabilities to be no less than 2

Answers

Based on the current assets and the current liabilities, the amount that can be borrowed to about exceeding the ratio of assets to liabilities is $100,000.

How much can the company borrow?

The ratio of assets to liabilities is:

= Assets / Liabilities

If the value that can be borrowed is x, the formula would be:

2 = (200,000 + x) / (50,000 + x)

x = $10,000

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The company can borrow $100,000 if it wants its ratio of assets to liabilities to be no less than 2.

What is the ratio of assets to liabilities called?

The ratio of assets to liabilities or liabilities to assets is called the debt-to-asset ratio.

The debt-to-asset ratio shows the degree to which assets are funded by debts, the level of the financial risk faced by the company, and how capital-intensive a company is.

Data and Calculations:

Before Borrowing:

                                      Assets           Liabilities

Amount                      $200,000         $50,000

Debt ratio                        4            :          1

After Borrowing:

Amount                     $300,000       $150,000 ($50,000 + $100,000)

New Debt ratio               2           :            1

Thus, the company can borrow $100,000 if it wants its ratio of assets to liabilities to be no less than 2.            

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The entry made at the end of the accounting period to record wages incurred but unpaid is:________

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The entry made at the end of the accounting period to record wages incurred but unpaid is Accrued expenses, An expense that is recorded on the books before it has been paid is referred to as an accumulated expense, also known as accrued liabilities.

The accounting period in which the expense is incurred is used to record it. Accrued expenses are listed as current liabilities on a company's balance sheet since they represent a company's obligation to make future cash payments. An estimated expense may not match the supplier's invoice, which will arrive at a later time.

According to the accrual method of accounting, costs are recorded as incurred rather than as paid when they are actually incurred.

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The limits of trade are those initial _____________ positions that each nation has at self-sufficiency.

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The limits of trade are those initial cost ratio positions that each nation has at self-sufficiency.

Limit of trade is the maximum price range limit that an security which is traded in the security exchange is allowed to fluctuate in one trading session.

A benefit–cost ratio is an indicator of the benefits as well as the cost which is used in cost–benefit analysis.

It is that ratio which  attempts to summarize the overall value for money of a project or proposal.

Every nation will be considered as self sufficient if the cost ratio is zero and there is a fixed limit of trade.

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A business in Italy purchased 200 Kazuri necklaces at a cost of 481 720 Kenyan
Shillings (KES).
In February 2020 the exchange rate was 1 euro (€) = 120.43 KES.
(i) Calculate the cost of buying the 200 Kazuri necklaces in euros in February
2020. You are advised to show your working.

Answers

Explanation:

200kazuri was bought 481720ksh

in 20201 euro was = 120.43kes

to get the money in euro u get 481,720/120.48

Ans =4000

200 kaziri was bought by 4000 euro

Associations detected between measures of neighborhood environmental conditions and human microbiome diversity.

Answers

Association detected between measures of neighborhood environmental conditions and human microbiome diversity are as follows

Michigan state university , Department of geography , Environment  and Spatial Science , East Lansing USAUniversity of Otago , Department of Public Health , Wellington , New Zealand Michigan State University Department of Entomology, East Lansing USAUniversity of Melbourne , Melbourne School of Population and Global Health Melbourne Australia

While emerging research suggest urban green space revegetation increases soil microbiota diversity and native plant species affect skin microbiome diversity, there is still a relationship between neighborhood environment condition and human microbiome.

The environment condition of neighborhood may influence our microbiome through several pathways .

This study provide data on human microbiome samples . They evaluated relationship betweens microbiome and measures of environmental conditions near the home of 126 decendents . There were no potential indicator taxon among NDVI quartiles.

Some highlights of study between measures of neighborhood environmental conditions and human microbiome diversity

This study test how neighborhood environment may effect the human microbiome .For the rectum microbiome NDVI sd mouth and nose shows negative associations with diversity .For the mouth microbiome , they found and effect of percent trees on diversity.

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The "lanthanide contraction" is often given as an explanation for the fact that the sixth period transition elements have(a) densities smaller than that of the fifth period transition elements.(b) atomic radii that are similar to the fifth period transition elements.(c) melting points that are lower than the fifth period transition elements. can every cfl (without epsilon) be generated by a cfg which only has productions of the form a -> bcd or a -> a (with no epsilon productions)? explain why or why not. if using video recording while practicing, focus only on delivery.T/F Given the following vertex set and edge set (assume bidirectional edges): V = {1, 2, 3, 4, 5, 6, 7, 8, 9, 10} E = {{1,6}, {1, 7}, {2,7}, {3, 6}, {3, 7}, {4,8}, {4, 9}, {5,9}, {5, 10} 1) Draw the graph with all the above vertices and edges. 2) Is there any cycle in the graph? If yes, list the edges of the cycle. 3) Is this graph complete? Explain your answer. 4) Is this graph bipartite? If yes, list the bipartite sets of vertices V1 and V2. 5) Is this graph complete bipartite graph? If not, explain why and what edges do we need to add to make it complete bipartite graph? 6) What is the adjacency matrix representation of this graph? 7) What is the linked-list based representation of this graph? Assume all edge weights are 1. select the four main categories of vertebrate tissues. Explain why this statement is false: "All minerals are rocks." ?Minerals contain several types of rocks.Rocks can be made of several minerals.Minerals are made of elements.Rocks are bigger than minerals. Select an alpha level that will maximize the probability of rejecting a false null hypothesis (Do not use the default alpha level.).What is the critical value of statistic that corresponds to that alpha level? O a 1.383 O b. 1.372 O c2.821 Od 1.833 in bacteria during an infection, the crrna is complementary to: The equation G = -nF also can be applied to half-reactions. Use standard reduction potentials to estimate Gf for Fe2+ (aq) and Fe3+ (aq). (Gf for e- = 0.)a. Fe2+ = ___kJ/molb. Fe3+ = ___kJ/mol kant claims that a maxim to the effect of "do no harm to others, but do not assist them when they are in need" Use the formula r = (F/P)^1/n - 1 to find the annual inflation rate to the nearest tenth of a percent. A rare coin increases in value from $0. 25 to 1. 50 over a period of 30 years A 35-year-old person who wants to retire at age 65 starts a yearly retirement contribution in the amount of $5,000. The retirement account is forecasted to average a 6. 5% annual rate of return, yielding a total balance of $431,874. 32 at retirement age. If this person had started with the same yearly contribution at age 20, what would be the difference in the account balances? A spreadsheet was used to calculate the correct answer. Your answer may vary slightly depending on the technology used. $266,275. 76 $215,937. 16 $799,748. 61 $799,874. 61 For a player to surpass Kareem Abdul-Jabbar, as the all-time score leader, he would need close to 40,000 points. Based on the model, how many points would a player with a career total of 40,000 points have scored in their rookie season? Explain how you determined your answer. Computer microchips are created from sheets of silicon. These sheets often have an unwanted coating: a thin layer of silica (SiO2). This silica can be removed with hydrofluoric acid (HF). When hydrofluoric acid touches silica, the substances combine to form water (H2O) and silicon tetrafluoride gas (SiF4). After the water and gas are removed, the silicon sheet can be processed into microchips.In the chemical reaction described in the passage, which of the following are products? Select all that apply. What is the name for a solute that does not exert a vapor pressure when it is dissolved in a liquid?A. ColloidB. Amorphous solidC. NonvolatileD. Crystalline solidE. Electrolyte Find the magnitude of the magnetic flux through a 6.2-cm-diameter circular loop oriented with the loop normal at 36 to a uniform 75-mT magnetic field. Aswer in mWb please! I have done this question so many times and got 1.83*10^-4 and it's wrong, I've also put it in as 18.3 and it is still wrong, I dont know why! Pleaase help! a daycare with 120 students decided they should hire 20 teachers what is the ratio of teachers to children 162515 =?4+112=??-?=? As one begins to exercise, oxygen consumption rate (VO2) rises. Which of the following DOES NOT contribute to this effect? Increased heart rate Increased arterial O2 content Increased stroke volume O Increased Q 4 circle vith center C(5, 8) and containing the point P(2. 2). What is the radius of thecircle?