Mary employs a collaborative conflict management style by encouraging the whole group to help deal with an issue of disagreement.
The collaborative conflict management style, also known as the integrative or problem-solving approach, emphasizes cooperation and finding mutually beneficial solutions. In this style, individuals actively engage in open communication, share perspectives, and work together to address conflicts.
Mary's actions of encouraging the whole group to help deal with an issue of disagreement indicate her commitment to resolving conflicts through collaboration.
By involving the entire group, Mary creates an inclusive and participatory environment where everyone has the opportunity to contribute to the resolution process. This approach promotes teamwork, understanding, and the exploration of different viewpoints and ideas.
It encourages active listening, empathy, and a focus on finding win-win solutions that meet the needs and interests of all parties involved. By fostering a collaborative conflict management style, Mary seeks to build consensus, strengthen relationships, and achieve sustainable resolutions that benefit the entire group.
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When a person receives an increase in wealth, what is likely to happen to consumption and saving?
When a person receives an increase in wealth, Consumption increases and saving decreases
Both present and future consumption rises as a consumer's current income does as well. Savings increase because current spending increases but does so at a slower rate than current income growth. Again, both present and future consumption rises when the customer receives an increase in predicted future income.
Savings declines because current consumption rises while current income does not. Current and future consumption both grow when the consumer's wealth increases. Again, because current income has not increased, saving has decreased. These individual actions to adjust one's consumption and saving habits have a cumulative effect on the aggregate amount of desired consumption and saving.
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Read each transaction and identify the appropriate journal that it should be recorded in ;1. Owner withdrew supplies 2. Sale made on account 3. Payment to vendor on account 4. Payment received from customer on account 5. Purchases on account 6. Adjusting journal entry for supplies used 7. Owner withdrew cash 8. Company borrows money from bank 9. Record monthly depreciation 10. Close revenue accounts at month end All answer would be 1 Cash disbursement journal 2cash receipts journal 3 general journal 4 purchase journal 5 sales journal
The journal entries are given below:
1.
Drawings Debit
Supplies/Inventory Credit
2.
Accounts Receivable Debit
Sales Credit
3.
Accounts Payable Debit
Cash Credit
What is Inventory?An inventory is the current asset of a company that the company sells to earn profits, this inventory is also called as stock and supplies sometimes. The inventory is presented in the financial statements in the Statement of financial position under the current asset's head.
4.
Cash Debit
Accounts Receivable Credit
5.
Purchases Debit
Account Payable Credit
6.
Work in process Debit
Supplies Credit
7.
Drawings Debit
Cash Credit
8.
Cash Debit
Loan Payable Credit
9.
Depreciation Expense Debit
Accumulated Depreciation Credit
10.
Revenue Debit
Income Statement Credit
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How monthly bank cash reconciliation, an internal control practice, could be useful in identifying cash embezzlement?
Bank cash reconciliation, an internal control practice, could be useful in identifying cash embezzlement as because in order to prevent and detect fraud, bank reconciliations are a crucial internal control tool.
What is Bank cash reconciliation?A bank reconciliation statement compares an entity's bank account to its financial records and describes banking and commercial activity. Statements of bank reconciliation attest to the processing of payments and the depositing of cash earnings into a bank account.
Some characteristics of bank cash reconciliation are-
By explaining the discrepancies between the cash balances in the accounting record and the bank balance position according to the bank statement, they also assist in identifying accounting and banking problems.The likelihood of errors in the data used to produce accounts is decreased by the bank reconciliation process, which makes sure that all transactions that have been recorded on the bank statements have been examined and verified.By confirming that all payments and transactions that have passed through the bank account have likewise been noted in the accounting records, bank statements also serve to assure completeness. Any variations are noted and explained.All reconciling discrepancies must be noted, and any journal entries required to correct them must be recorded no later than 90 days after the reconciliation has been completed.
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Company managers should give serious consideration to changing from a low-cost /low price strategy for branded footwear to a different strategy when
Company managers should give serious consideration to changing from a low-cost /low price strategy for branded footwear to a different strategy when competition is high among competitors.
Who are competitors?Competitors are individual or people that sell similar products and commodities.
They can be wholesaler or retailers and are usually present in all business.
When there are competitors new strategy should be developed to help get enough sales such that the individual or company do not fall out of sales or market
Therefore,
Company managers should give serious consideration to changing from a low-cost /low price strategy for branded footwear to a different strategy when there is competition.
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The ability to capture and analyze all customer interactions, generate appropriate responses, and gather data to create and build effective and efficient marketing campaigns is known as contact management. Group of answer choices True False
TRUE, The ability to capture and analyze all customer interactions, generate appropriate responses, and gather data to create and build effective and efficient marketing campaigns is known as contact management.
A contact manager is a software program that allows users to easily store and retrieve contact information such as names, addresses, and phone numbers. These are contact-centric databases that provide a fully integrated approach to tracking all contact-related information and communication activity.
Contact management is the process of storing and tracking data about customers and leads. In addition to providing quick access to customer data, investing in contact management can help grow and diversify your customer base.
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What do economists assume when evaluating the utility-maximizing decision-making process? multiple choice question.
Economists assume when evaluating the utility-maximizing decision-making process option(I), (III), (V), and (VI) i.e, Consumers are rational, Consumers have limited incomes, Consumers can rank preferences, and Consumers acknowledge prices.
The utilitarian philosophers Jeremy Bentham and John Stuart Mill invented utility maximization first. The utility maximization problem is the dilemma that customers face in microeconomics: "How should I spend my money to maximize my utility?" An example of an optimal decision problem is this. As it demonstrates how customers distribute their income, utility maximization is a key idea in consumer theory. Because they are reasonable, customers aim to gain the most for themselves.
By evaluating the marginal utility of two options and choosing the one that has the highest total utility within the budgetary constraints, one can identify the combination of products or services that maximizes utility. The choice that results in a greater degree of satisfaction has an impact on the decision.
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The complete question is:
Below is a list of assumptions about decision-making.
1. Consumers are rational.
2. Consumers are selfish.
3. Consumers have limited incomes.
4. Consumers have limited wants.
5. Consumers can rank preferences.
6. Consumers acknowledge prices.
What do economists assume when evaluating the utility-maximizing decision-making process?
Jamison Company uses the total cost method of applying the cost-plus approach to product pricing. Jamison produces and sells Product X at a total cost of $1,600 per unit, of which $1090 is product cost and $510 is selling and administrative expenses. In addition, the total cost of $1,600 is made up of $910 variable cost and $690 fixed cost. The desired profit is $320 per unit. Determine the markup percentage on total cost. fill in the blank 1 %
Based on the cost of making the product to Jamison Company, and the desired profit, the markup percentage on total cost is 20%.
What is the markup percentage?The markup percentage on total cost can be found as:
= Desired profit / Total cost
Solving gives:
= 320 / 1,600 x 100%
= 0.2 x 100%
= 20%
In conclusion, the markup percentage is 20%.
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The united states economy is considered by the institute for management development to be the most competitive economy because:______.
The united states economy is considered by the institute for management development to be the most competitive economy because of widespread entrepreneurship.
According to the Institute for Management Development, it is a school for the education of business professionals and can be found in Lausanne, Switzerland. Within the context of its annual rankings on the performance of 63 economies located all around the world. The United States of America was ranked as the most competitive economy in 2018, according to a number of different metrics. The education institution identified "widespread entrepreneurship" as the primary reason for it, which was based on a variety of data collected and surveys that were conducted. What determines the competitiveness of an economy is the rate of annual innovation as well as the number of enterprises that are started.
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3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for May. 4. Compute the first production department's cost of the units transferred to the next production department for materials, conversion, and in total for May.
Based on the material and conversion costs to the first department, its ending work in process for May are:
Materials = $20,240Conversion cost = $9,020Total = $29,260The first production departments costs of units transferred to next production department is:
Materials = $125,120Conversion cost = $223,040Total = $348,160What is the ending work in process?For materials:
= 44,000 x 100% x 0.46
= $20,240
For conversion cost:
= 44,000 x 25% x 0.82
= $9,020
Total ending work in process:
= 20,240 + 9,020
= $29,260
What are the cost of units transferred?Materials:
= 272,000 x 0.46
= $125,120
Conversion cost:
= 272,000 x 0.82
= $223,040
Total cost of units transferred?
= 125,120 + 223,040
= $348,160
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The relationship between wealth accumulation and risk tolerance is referred to as what?
The relationship between wealth accumulation and risk tolerance is referred to as empirical results.
The methodical and disciplined process of acquiring assets in order to accomplish specific important objectives is known as wealth accumulation. Without a defined objective, wealth growth is similar to wealth hoarding in that it increases tension and anxiety.
The degree of risk an investor is willing to take is known as risk tolerance. Investors are typically questioned in order to determine their risk tolerance. Assessing their time horizon, assets, and need for income could be part of this.
Risk tolerance typically rises as money increases but declines as people get older. Personal experience and local trust both have a big impact. For high-income households, this influence on risk tolerance is especially pronounced. Risk tolerance is not much impacted by current social security.
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You are working alone and your shift is due to be over at 6 p.m. The individual who is scheduled to begin working at 6 p.m. does not show up. What do you do?
Answer:
You should call your manager or supervisor. It is not your responsibility to cover for someone else. You could also call in someone else in the position to see if they wanted to come in. explain the situation, you ask to be relieved or get paid double time for overtime, if that is not an option close up shop, and make sure everything is secure and locked up properly, then go home. You have done everything you are supposed to do, now the responsibility rests with your boss.
If the individual who is scheduled to begin working at 6 p.m. does not show up, you should contact your supervisor or manager after calling the coworker.
What to do if the coworker hasn't shown up?Try to reach them by phone or text message. If you can't reach them, try calling their home or checking their social media to see if they have posted anything about their whereabouts.
Let your supervisor know that your coworker has not shown up for work and that you are unsure of what to do. They may be able to reach your coworker or find someone else to cover the shift.
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Granting access to a user based upon how high up he is in an organization violates what basic security premise?
Granting access to a user based upon how high up he is in an organization violates "the principle of least privileges."
As the principle of least privileges states that a person should be given only those privileges that are needed or are necessary to perform a specific job or task and nothing more.
The principle of least privileges states that you assign users the minimum set of privileges which they require to do their jobs, according to their roles.
The principle of least privilege prevents the spread of malware on your network. An administrator or superuser with access to a lot of other network resources and infrastructure could potentially end up spreading malware to all those other systems which he gets access to.
Hence, if the organization grants access to a user based upon how high up he is then the organization violates the principle of least privileges.
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If nominal gdp is $10 trillion and real gdp is $8 trillion, then the gdp deflator is?
With a nominal GDP of $10 trillion and a real GDP of $8 trillion, the GDP deflator is 125, indicating that the price level has risen by 25% from the base year.
Gross Domestic Product is a monetary measure of the market value of all final goods and services produced by a country in a given period of time. Due to its complex and subjective nature, this indicator is often revised before it can be considered a reliable indicator.
GDP measures the monetary value of the final goods and services produced in a country (that is, purchased by final consumers) over a specified period of time (such as a quarter or a year). Counts all electricity generated within a country's borders.
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The negotiated labor-management agreement that clarifies the terms and conditions under which management and a union will operate for a specified period is also known as a(n) .
Union security clause is the negotiated labor-management agreement that clarifies the terms and conditions.
What is the Union security clause?This is the clause that is used in collective bargaining to enforce certain rules.
The clause has it that if an employee does not belong to a particular bargaining unit, then they can be excluded.
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At the beginning of the year, quaker company's liabilities equal $42,000. during the year, assets increase by $60,000, and at year-end assets equal $190,000. liabilities decrease $12,000 during the year. what are the beginning and ending amounts of equity?
Beginning equity is $88,000 and ending equity is $160,000.
What is beginning and ending equity?
Equity is the difference between assets and liabilities.
Equity = assets - liabilities
Beginning equity = beginning assets - beginning liabilities
(190,000 - 60,000) - 42,000 = $88,000
Ending equity = ending assets - ending liabilities
190,000 - (42,000 - 12,000) = $160,000
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the table below represents the hourly output and cost ctructure for a local pizza shop. the marker is perfectly competitice, and the market price in the area is $12
Based on marginal analysis, what is the profit-maximizing rate of output for the pizza shop? 9 pizzas.
How to determine the solution to the question.In order to get the number of pizza that has to be produced, we have to check the table.
This firm has to continue in its production until it is able to increase its output by one extra unit.
This would be the point where the cost of production is the same as the revenue that would be gotten from the extra unit.
The point of interest that we have to focus on is the point where marginal revenue is equal to marginal cost.
MR = MC
Complete questionThe table below represents the hourly output and cost structure for a local pizza shop. The market is perfectly competitive, and the market price of a pizza in the area is
$12.
Total costs include all implicit opportunity costs. Calculate the pizza shop's marginal cost and marginal revenue at each rate of output and fill in the values in the table.
(Marginal revenue is the change in revenue divided by the change in output. For a perfectly competitive firm the marginal revenue is equal to the price. Marginal cost is the change in cost divided by the change in output.)
Based on marginal analysis, what is the profit-maximizing rate of output for the pizza shop? _______ pizzas.
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The deadweight loss from a tax is likely to be greater with a good that has Select one: a. many substitutes. b. an inelastic demand. c. few substitutes. d. an inelastic supply.
The deadweight loss from a tax is likely to be greater with a good that has many substitute.
What is deadweight loss?This refers to scenario, tax imposed create loss of economic sufficiency; when the supply of goods and services aren't met.
Dead weight loss is the inefficiency that occurs when the market is not in equilibrium.
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Management has reason to believe that someone internal to the organization is committing fraud. To confirm their suspicion, and to collect evidence, they need to set up a system to capture the events taking place. Evaluate which option will best fit the organization's needs.
In order to uncover a fraud there are certain ways and protocols that can be followed described below:
What is a Fraud?Fraud is an act of earning a gain through a wrongful source, the fraud may be performed by an individual or a group of individuals. The need to identify this is important that whether the fraud committer is an individual or there is a group of people doing it.
The first is to identify and confirm that a fraud is happening, gathering all the evidences regarding this, then the evidence should be gathered which identifies the individual committing fraud, this can involve the suspicious individuals to be monitored for their activities.
In the last the fraud committer should be provided with a warning or terminated or fined or a case can be filed in the court of law for this depending on the level of fraud.
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When Amazon introduced the latest Kindle Fire tablet at $49.99 and the average price of competitive models was $323, Amazon was using a ________ pricing strategy.
When Amazon introduced the latest Kindle Fire tablet at $49.99 and the average price of competitive models was $323, Amazon was using a "penetrating pricing strategy".
What is penetrating pricing strategy?Particularly, rival pricing has a significant influence on penetration pricing. With this pricing model, a fresh good or service is provided for less money.
Some key features of penetrating pricing strategy are-
The tactic enables a first-time product to draw in new clients by drawing them away from other businesses.By presenting a new product or service at a cheaper price during its initial release, firms can draw people to it through the marketing tactic known as penetration pricing. A new product or service can enter the market more easily and draw customers away from rivals by offering a lower price.The idea of a penetration strategy is to work aggressively to significantly increase one's share of total sales in a market.A business may often make things or purchase goods at a lesser cost as a result of the increasing sales volume, which increases its profit margin.T o know more about Penetration pricing, here
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When two or more organizations combine to become one, it is referred to as a(n)?
When two or more organizations combine to become one, it is referred to as a merger.
What are the 3 types of mergers?
Vertical, horizontal, and conglomerate mergers are the three basic forms of mergers.
Horizontal Merger- Companies at the same stage in the same industry unite in a horizontal merger to cut costs, increase product options, or lessen competition.Vertical Merger- In a vertical merger, a business acquires another business in the same sector that is frequently active at an earlier or later point in the manufacturing or sales process.Conglomerate Mergers -To lower risk, conglomerates consolidate firms that are unconnected to one another.Learn more about Mergers: https://brainly.com/question/16557059
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Fennick Company reports net income of $92,000 in 2022. However, ending inventory was understated by $7,000. What is the correct net income for 2022
The correct net income for 2022 is $99,000.
Given,
In 2022, the Fennick Company reported a net income of $92,000.
Nevertheless, ending inventory was $7000 underestimated.
Since it is given that the closing inventory was understated.
It would mean that the net income will also be understated by the same amount.
Therefore to calculate the amount of correct net income we will add $7,000 which is the amount by which inventory was understated to the incorrect net income,
Which means, correct net income = incorrect net income + understated amount of ending inventory
correct net income = $92,000 + $7,000
= $99,000
Hence, the correct net income for the year 2022 is $99,000.
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Advantages of debt financing over equity financing include that ______. (Check all that apply.) Multiple select question. debt financing does not require repayments interest payments are optional interest payments are tax deductible stockholders' control will not be diluted
Advantages of debt financing over equity financing include that interest payment on debt are tax deductible
What is debt financing?
Borrowing funds from banks, financial institutions, or other lenders (such as directors or other group companies).
When a company raises funds for working capital or capital expenditures by selling debt instruments to individuals and/or institutional investors, this is referred to as debt financing. Individuals or institutions that lend money become creditors in exchange for a promise that the principal and interest on the loan will be repaid.
What is equity financing?
Equity financing is the process of raising capital through the sale of shares. Companies raise money because they might have a short-term need to pay bills or have a long-term goal and require funds to invest in their growth. By selling shares, a company is effectively selling ownership in their company in return for cash.
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According to the service profit chain model, workplace practices affect job satisfaction, which influences employee retention, motivation, and behavior, in turn affecting all of the following except
Workplace practices affect job satisfaction, which influences Employee retention, motivation, and behavior, in turn affecting all of the following except: organizational structure.
What is Service Profit Chain Model ?
Service-profit chain, a company should establish a link between employees and customer experience on the one hand and create profit and growth on the other. The different relationships reinforce each other; satisfied customers contribute to employee satisfaction, loyal employees contribute to customer loyalty, and this customer loyalty will eventually result in profit.
The Service Profit Chain involves customer loyalty, customer satisfaction, employee loyalty, employee satisfaction and productivity. This way, strong links develop between:
Profit – Customer loyaltyEmployee loyalty – Customer loyaltyEmployee satisfaction – Customer satisfactionWorkplace practices affect job satisfaction, which influences employee retention, motivation, and behavior. These employee outcomes affect service quality, which then influence customer satisfaction and perceptions of value, customer referrals, and ultimately the company's profitability and growth.
Therefore, we can conclude that the correct option is E.
Your question is incomplete, but most probably your full question was:
According to the service profit chain model, workplace practices affect job satisfaction, which influences employee retention, motivation, and behavior, in turn affecting all of the following except:
A. service quality.
B. customer satisfaction.
C. perceptions of value.
D. profitability.
E. organizational structure.
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Brenden Corp. manufactures products at the lowest cost possible. It strives to keep its manufacturing costs low and its product prices competitive. It does not provide technical support for its products as providing such support would add to its cost without earning any profit. Given this information, which of the following statements is most likely true of Brenden Corp.
Given the above information, the statement that is true is that Brenden Corp focuses on efficiency at the expense of effectiveness.
What is manufacturing cost?Manufacturing cost comprises totality of all cost that is used in production. It includes all costs necessary to get a finished product from raw materials.
Manufacturing costs consist of the following:
Cost of the raw materialsThe workers' wagesConsumables like water and lubricants, machine depreciation, factory expensesWith regards to the above, the company tends to focus more on efficiency at the expense of effectiveness by keeping manufacturing costs low which make its product prices competitive.
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In 25 years, a bond with a 4.75% annual interest rate earned $2,375 as interest. What was the principal amount of the bond if the interest was calculated based on simple interest
The principal amount: 1084.48
Denote the principal amount: p
In 25 years, a bond with a 4.75% annual interest rate earned $2,375 as interest.
=> P x (1 + 4.75/100)^25 - P = 2375
=> P x 3.19 - P = 2375
=> P x 2.19 = 2375
=> P = 2375/2.19 = 1084.48$
The principal is most commonly used to refer to the original amount borrowed on a loan or invested in an investment. It can also refer to the face value of a bond, the owner of a private company, or a key participant in a transaction.
Suppose you buy a home for $ 300,000 with a 20% down payment. In this case, you will pay back $ 60,000 on your loan. The mortgage lender then pays $ 240,000, which is the cost of the loan balance. In this case, the principal balance will be $ 240,000.
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Answer:2000
Explanation:
Manufacturers, wholesalers, retailers, service companies, not-for-profit organizations, and government agencies that buy products and services for their own use or for resale are known as ______. Multiple choice question. secondary users intermediate buyers alternate consumers organizational buyers
Manufacturers, wholesalers, retailers, service companies, not-for-profit organizations, and government agencies that buy products and services for their own use or for resale are known as organizational buyers.
Who are organizational buyers?Individuals who represent a company are known as organizational buyers. When making purchases, these buyers often take into account both their own preferences and the suspected preferences of the clients to whom the organizational buyer's business will sell.Organizational elements such as the purchasing objective, policy, procedure, and organization all have a significant impact on organizational purchasing. Authority, interest, and prestige are examples of interpersonal factors. Age, education, employment position, risk-taking, and personality are all individual factors.Therefore, manufacturers, wholesalers, retailers, service companies, not-for-profit organizations, and government agencies that buy products and services for their own use or for resale are known as organizational buyers.
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A city accepts the minimum of three bids on a construction project. The three bids are independently and uniformly distributed on the interval from 100,000 to 110,000. Find the expected value of the accepted bid.
The expected value of the accepted bid is
u = 105,000 This is further explained below.
What is the expected value of the accepted bid.?Generally, the equation for the Mean is mathematically given as
u= Expected valve
u=b+a/2
Therefore
u=110,000+100,000/2
u = 105,000
In conclusion, the expected value of the accepted bid.
u = 105,000
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A period during which aggregate output rises is known as a(n)
It is known as expansion.
A product's life cycle is the period of time from when it is initially made available to consumers until it is discontinued. Introduction, expansion, maturity, and decline are the four stages that make up a product's life cycle.
Professionals in management and marketing utilize product life cycles to assist them decide on advertising schedules, pricing points, expanding into new product markets, redesigning packaging, and more. Product life cycle management refers to these strategic means of a product's support. They can also help determine when the newer products are ready to push the older ones from the market.
Therefore, the answer is expansion.
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(02.02 MC) Schleiden concluded all plants are made of cells and Schwann concluded the same thing about animals. Together, how did they contribute to cell theory
1839 was the year when the conclusion was reached that all tissues are composed of cells; this established the basis for the cell hypothesis. Schwann was also involved in the fermentation process, which led to the discovery of the enzyme pepsin. This is further explained below.
What is cells theory?Generally, cell biology as is known today. cells proliferate and transmit genetic information; energy flows inside cells. noun. the notion that cells are the fundamental structural, functional, and organizational components in both single-celled and multicellular animals.
The conclusion that all tissues are composed of cells was reached in 1839; this established the basis for the cell hypothesis. Schwann was also involved in the process of fermentation, during which he discovered the enzyme pepsin.
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Which of the following contingent liabilities would require a company to record a note to the financial statements
The following contingent liabilities would require a company to record a note to the financial statements:-
a.) The liability is possible and cannot be reasonably estimated.
b.) The liability is probable and cannot be reasonably estimated.
c.) The liability is possible and is estimated to be $35,000.
Correct answer is option 1 , 2 & 4 .
Eligible contingent liabilities are recognized as expenses on the income statement and as liabilities on the balance sheet. If the chance of accidental loss is low, i. H. With a probability of less than 50%, the liability should not be recognized on the balance sheet.
Contingent liability is disclosed when it is likely that a transfer of economic benefits will be required to resolve it without making a provision.
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Your question is incomplete. please read below to find the full content.
Which of the following contingent liabilities would require a company to record a note to the financial statements
The liability is possible and cannot be reasonably estimated.
The liability is probable and cannot be reasonably estimated.
The liability is remote and estimated to be $15,000.
The liability is possible and is estimated to be $35,000.
The liability is remote and cannot be estimated.
The liability is probable and estimated to be $40,000.