Revenues are recorded in the period that goods and services are provided to customers and expenses are recorded in the period that costs are incurred while providing those goods and services. Hence, the answers are revenues and expenses respectively.
What are expenses?An expense is an item requiring an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs.
Therefore, the correct answers is as given above
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A business organization that classifies partners as general or limited is called a?
A business organization that classifies partners as general or limited is called a Limited liability partnership (LLP)
Limited liability company (LLP)
LLPs also benefit from pass-through taxes and are held by two or more partners. While LLP partners are responsible for their own actions, they are not held personally responsible for the actions of their other partners or for the debts and losses incurred by the company.A general partnership is what kind of business?A general partnership is a company with two or more partners who equally share the assets, liabilities, and debts of the company. In the event that the partnership goes bankrupt, the partners' personal assets might be seized due to their limitless responsibility. A documented partnership agreement should be drafted by the parties.To Learn more about Limited liability partnership (LLP), Click the links.
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A description of an organization's values, definition of its responsibilities to stakeholders, and identification of its major strategies is called its:_____.
A description of an organization's values, definition of its responsibilities to stakeholders, and identification of its major strategies are called its Business-level strategy.
What is business-level strategy?
Simply said, a business-level strategy is a structure, plan, or roadmap that enables a company to offer value to consumers and acquire a competitive edge by making the most of its core skills. Your market position will be largely determined by the business-level strategy you pick. Your ultimate organizational goals are actually built upon it. A business-level strategy may take many various forms, but it must always take into account three key components; customer contentment or pleasure (providing value to the customers)gaining and keeping a competitive edge. staying competitively advantaged. A good ROI results in profits.
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econ opportunity cost is illustrated by a movement from one point to another on the production possibilities frontier quizlet
True, econ opportunity cost is illustrated by a movement from one point to another on the production possibilities frontier.
Production Possibilities Curve (PPC) may be a model that sho1w the tradeoffs related to allocating resources between the assembly of two goods. The PPC may be wont to illustrate the concepts of scarcity, cost, efficiency, inefficiency, economic process, and contractions.
Opportunity cost is the forgone benefit that may be derived from an option not chosen. To properly evaluate opportunity costs, the prices and benefits of each option Production Possibilities available must be considered and weighed against the others. A student spends three hours and $20 at the flicks the night before an exam.
The chance cost is time spent studying which money to spend on something else. A farmer chooses to Production Possibilities the chance cost is planting a distinct crop, or an alternate use of the resources (land and farm equipment).
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Tqm stands for? total quality management. transforming quality management. total quality manipulation. thomas quinn mann, a famous data quality innovator.
TQM stands for Total quality management.
TQM (Total Quality Management) is a management framework. It is a belief that an organization can build a long-term success. With all the members, from lower level workers to the higher level workers. They mainly focus on improving quality and thus, delivering customer satisfaction. Total Quality Management mainly requires organizations to focus on their continuous improvement. Their main focus in on improving long term, rather than simply emphasizing short term financial goals.
Total quality management have a main objective to eliminate waste and increase efficiency and ensure that the production process of the organization's product (or service) is done right the first time.
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The value of plant and equipment worn out in the process of manufacturing goods and services is measured by:_______
The value of plant and equipment worn out in the process of manufacturing goods and services is measured by: depreciation.
What is depreciation?Depreciation can be defined as the way in which fixed assets such as plant, equipment, machinery tend to worn out.
When this fixed assets worn out it reduces their value. Assets value will continue to decrease for the period of time in which they will be used.
Formula for depreciation is:
Depreciation=Cost of asset-Salvage value/Useful life of asset
Therefore the value of plant and equipment worn out in the process of manufacturing goods and services is measured by: depreciation.
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All other things remaining the same, if the revenue or sales decreases, asset turnover ratio will?
All other things remaining the same, if the revenue or sales decreases, asset turnover ratio will increase.
What is asset turnover ratio?Asset turnover, total asset turnover, or asset turns is a financial statistic that gauges how effectively a business uses its assets to generate sales revenue or other sales-related income.In the retail industry, it is regarded positive when the total asset turnover ratio reaches 2.5. But for a business, the target value lies between 0.25 and 0.5.The total revenue that a corporation keeps is known as net sales. It is the gross sales for a certain time period less any customer refunds, concessions, or discounts.Learn more about asset turnover ratio here:
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For a decision alternative, the weighted average of the payoffs is known as _____.
The expected value is the weighted average of the payoffs for a selected alternative.
What is a weighted average?The different levels of statistical significance of the numbers in a data collection are taken into consideration in a weighted average calculation. When computing a weighted average, each value in the data set is multiplied by a defined weight prior to the completion of the final computation. A weighted average can be more accurate than a simple average when each value in a data set is assigned a different weight. The frequency of the values in a data set is balanced mostly by taking a weighted average. Stock investors use a weighted average to keep track of the cost basis of shares bought at various times in time.
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An engineer would like to set the cost of an ospf interface directly into her route. which interface subcommand allows the engineer to set the cost directly?
An engineer would like to set the cost of an OSPF interface directly into her route. In order to set the cost of an OSPF interface directly, use the interface subcommand IP OSPF cost.
Sonalysts Combat Simulations created the computer game Subcommand, also known as Akula Seawolf 688(I), which was released in 2001 by Electronic Arts for Windows platforms. The player controls one of the following submarines: a 688, an American Seawolf, or a Russian Akula. Three training missions, 23 single missions, and one 14 mission campaign are all part of Subcommand. There are actually two campaigns because they may be played from either the US or Russian perspective. The single missions include general search-and-destroy operations, battle group escorts, pursuing enemy boomers, and search-and-rescue operations.
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If an event affects demand such that less of a good, service, or resource is demanded at all prices, we say that:_____.
If an event affects demand such that less of a good, service, or resource is demanded at all prices, we say that: demand has decreased
What factors change demand?
Demand patterns can change. An entire demand curve might shift right or left due to changes in variables like average income and preferences. As a result, the quantity demanded at a given price can be larger or lower.
The prevailing view presumption. Assuming no other parameters change, demand curves link the prices and quantities required. The ceteris paribus assumption refers to this. This article discusses what transpires when other variables aren't maintained constant.
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In a memory system employing paging, the chunks of a process (called frames) can be assigned to available chunks of memory (called pages). true false
This is false. The statement should be "In a memory system employing paging, the chunks of a process called pages can be assigned to available chunks of memory called frames."
Just remember that while we refer to the memory chunks as frames, the process chunks are referred to as pages.
Apparently, one of the two fundamental methods or basic techniques on which the idea and concept of virtual memory is based is "Paging". "Segmentation" is the name of the other one, by the way.
When using this paging, the memory system may experience minimal internal fragmentation but no external fragmentation.
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The lowest level of management, which usually has the most people to manage, is called _____ management.
The lowest level of management, which usually has the most people to manage, is called the Supervisory level of management.
What is the Supervisory Level of management?The first level of management is supervisory, front-line, or first-line management. It also goes by the name of supervisory management. They are in direct contact with the workers since they are "on the line."
Of the three layers, lower-level management is the lowest.
They guarantee the consistency of the workers' continued jobs.
The Keep's daily management.For their team, they plan their careers.feedback on the performance of their staff.They are in charge of supervising each employee's day-to-day tasks and giving them instructions for their work.First-line managers devote practically all of their attention to organizational internal problems. They are the first to notice issues with how the firm is run, such as uneducated workers, subpar materials, and broken machinery.
Thus, Supervisory management is the lowest level of management.
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The organizational foundation sets the ________ of organizations, the organization direction sets the ________, and organizational strategies are concerned with the ________.
The why of an organization is determined by its foundation, the what is determined by its direction, and the how is determined by its strategy.
An organization is a group of individuals engaged in the pursuit of specific goals. All formal human ties make up its social structure, which can be understood. Workload allocation among employees and task alignment with regard to the organization's main objective are both aspects of the organization.
What three types of organizations are there?
The majority of firms today use one of three types of organizational structures: functional, departmental, or matrix. Before choosing which of these forms to use for their firm, owners must weigh the benefits and drawbacks of each.
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One financial intermediary in our financial structure that helps to reduce the moral hazard from arising from the principal-agent problem is the.
The venture capital firm is one financial intermediary in our financial system that aids in lowering the moral hazard that results from the principal-agent issue.
A form of private equity and financing offered by investors to start-up companies and small businesses with the potential for long-term growth is known as venture capital (VC). The majority of venture capital is often provided by wealthy individuals, investment banks, and other financial organizations.
However, it doesn't always take the shape of cash; it might also be in the form of technical or management expertise. Startups with exceptional growth potential or companies that have experienced rapid growth and appear to be in a strong position to continue growing frequently receive venture capital.
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The demand and supply curves show how buyers and sellers ________; the interaction of buyers and sellers ________.
The intersection of the supply and demand curves, which balances supply and demand, is a graphic representation of the market-clearing price.
What Is the Law of Supply and Demand?
The law of supply and demand combines two fundamental economic principles describing how changes in the price of a resource, commodity, or product affect its supply and demand. Supply grows as the price rises, while demand declines. In contrast, as the price falls, supply is constrained and demand is increased. levels of supply and demand for various prices can be represented as curves. These curves overlap at the equilibrium, or market-clearing price, where supply and demand are equal. This intersection symbolizes the process of price discovery in the market.
According to the law of demand, demand for a good or resource will decrease as its price increases and increase as its price decreases. According to the law of supply, on the other hand, higher prices tend to increase an economic good's supply while lower ones tend to reduce it.
The product's price elasticity refers to the extent to which changes in price translate into changes in demand and supply. The demand for needs is comparatively inelastic, meaning that it responds less quickly to price changes.
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According to "scientific view of risk", most of the public’s view of risk is ___________ than risk experts.
According to "scientific view of risk", most of the public’s view of risk is differing than risk experts.
What is risk?Risk refers to the situation of uncertainty that can cause harm or danger to the business or life of the person. It has the general focus over the bad happening.
"Scientific view of risk" is an approach that examines the literature on risk and risk management from a scientific perspective, which is a prominent and important viewpoint in many academic areas.
Therefore, it can be concluded that there is a difference in the view point of the public and risk professionals.
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In the human body, epithelium is exemplified at which structural level of organization?
In the human body, epithelium is exemplified at the tissue level of the structural level of organization.
What is epithelium?Epithelial tissue is formed by juxtaposed cells that help in the formation of the human organism. The outer layer is the skin, which is responsible for covering the organs and protecting the body, aiding in secretion, waterproofing and sensitivity.
Therefore, there are two types of epithelium, the lining and the glandular, both responsible for the protection and correct functioning of the human body.
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If the assets of a business increased $101,000 during a period of time and its liabilities increased $73,000 during the same period, equity in the business must have:________
The equity in the business must have decreased amount I. e. Decreased by $28000 .
Given here, the asset are increased by $101000 and liabilities are $73,000.
So, the total equity present now is given by,
Total asset – Total liabilities.
=28, 000$
So, the total asset are now decreased by 28000$.
A resource having economic worth that a person, business, or nation possesses or controls with the hope that it would someday be useful is referred to as an asset. The balance sheet of a business lists assets. They are divided into four categories: tangible, financial, fixed, and current. They are acquired or produced in order to raise a company’s value.
Through the transmission of economic benefits like money, products, or services, liabilities are eventually satisfied. Current liabilities are a business’s short-term debts that are due in a year or during a typical operating cycle.
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If investors shift funds from stocks into bank deposits, this ____ the supply of loanable funds and places ____ pressure on interest rates
If investors shift funds from stocks into bank deposits, this increases the supply of loanable funds and places downward pressure on interest rates.
What is bank deposits?
A bank deposit is cash that is placed in a bank for safekeeping. These payments are paid to a range of deposit accounts, including money market, checking, and savings accounts.
Therefore,
If investors shift funds from stocks into bank deposits, this increases the supply of loanable funds and places downward pressure on interest rates.
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Suppose+you+deposit+$2,555.00+into+an+account+today.+in+15.00+years+the+account+is+worth+$3,954.00.+the+account+earned+____%+per+year.
The account earned+ 6.6 % per year.
What does one mean by deposit?You make a deposit when you add money to your bank account. to create savings and generate interest, you ought to put money in a bank. For money you'll withdraw at any time, a requirement deposit is made.
A certificate of deposit is an investment for the long term. once you take out a loan, you'll also pay a deposit as collateral.When you deposit money, you place it during a checking or savings account.
The minimum monthly deposit required from the customer is $100. an individual or item is put or left somewhere when they are deposited there.
What is deposit and withdrawal?
If you're wondering what's the difference between a deposit and a withdrawal, the reality is that they are exact opposites: A deposit is money put into a bank account for safekeeping until you need it. A withdrawal is money that's taken out of your account.
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________ provide(s) a key avenue for growth for many young and small firms through partnering to obtain resources and to expand into new markets.
Strategic alliances provide(s) a key avenue for growth for many young and small firms through partnering to obtain resources and to expand into new markets.
The partnering / agreement is less complex and less binding than a joint venture, in which two businesses pool resources to create a separate business entity.
This therefore is an easier way to generate resources, gain entry to new markets and share the risk and cost of major development projects.
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Henry fayol identified five functions of management: planning, organizing, commanding, coordinating, and controlling. these are similar to the traditional four functions of management:__________
Henry fayol identified five functions of management: planning, organizing, commanding, coordinating, and controlling. these are similar to the traditional four functions of management: Planning, organizing, leading and controlling.
Planning, organizing, leading and controlling
Planning, organizing, leading and controlling are important function of management as they are vital for companies or organization that want to run their organization smoothly.
Planning enables companies to plan on how to achieve their set goals and objective.
Therefore Planning, organizing, leading and controlling are similar to the traditional four functions of management
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When the economy is strong, consumers are _____ likely to borrow money to purchase a home or go on a vacation.
When the economy is strong, consumers are more likely to borrow money or take loans to purchase a home or go on a vacation.
What is loan?
A loan occurs when one or more individuals, businesses, or other entities lend money to additional individuals, businesses, or other entities. The recipient incurs a debt and is frequently liable for interest charges up until the debt is paid off, in addition to the principle amount borrowed.
A person having strong and stable economy, have a high confidence that he will definitely repay the money he borrowed for any purpose. and this will made them more likely to borrow money for purposes like purchasing home or going on a vacation.
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George corporation recognized $1,000 of accrued property taxes on its manufacturing facility. the journal entry to record this debits ______.
In a case whereby George corporation recognized $1,000 of accrued property taxes on its manufacturing facility. the journal entry to record this debits as Manufacturing overhead $1,000 and credits Property taxes payable $1,000.
What is journal entry?A journal entry can be described as an act of keeping which involves the making records of any transactions .
It should be noted that Transactions are listed in an accounting journal so that the company's debit as well as the credit balances of the company can be shown.
In the case, above , we will record this debits as Manufacturing overhead $1,000 and credits Property taxes payable $1,000, hence journal entry can encompass several recordings, in a debit or a credit.
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Martin electronics has an accounts receivable turnover equal to 12 times. if accounts receivable are equal to $95,000, what is the value for average daily credit sales?
The value for average daily credit sales = 3,166.67
Average daily credit sales = credit sales/360
Credit sales = accounts receivable × receivable turnover
95,000×12 = 1,140,000
1,140,000/360 = 3,166.67
What is average daily credit?
Average Daily Credit Balance is the total principal amount of all Revolving Credit Loans outstanding at the end of each day during any period, divided by the number of days in that period; provided, however, that for any period occurring during the Equipment Loan Availability Period, the Average Daily Credit Balance shall be increased by the total principal amount of all Equipment Loans outstanding at the end of each and every day during such period.
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All else being equal, a decrease in ________ would shift the long-run aggregate supply curve (lras) to the left.
The aggregate supply curve shifts to the left as the price of necessary inputs rises, potentially resulting in lower output, higher unemployment, and higher inflation.
alterations in the overall supply
The aggregate supply/demand model illustrates the macroeconomic interactions between total supply and total demand as well as the factors that influence either total supply or total demand for the economy.
The aggregate supply curve moves to the right when productivity increases or the cost of necessary inputs lowers, allowing for a combination of lower inflation, increased production, and less unemployment.
The aggregate supply curve shifts to the left as the price of necessary inputs rises, potentially resulting in lower output, higher unemployment, and higher inflation.
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Question is in the picture
Answer:
3
Explanation:
My popularity should probably not be a factor if a I am watching my expenditures.
The payoff matrix is a fundamental tool of:______
a. monopolistic competition.
b. game theory.
c. corporate finance theory.
d. regulatory oversight.
The payoff matrix is a fundamental tool of game theory.
A payoff matrix can be used to identify all of the alternatives available to each player in order to help them choose the best possible strategies. Game theory is the study of how individuals choose their course of action in a range of social contexts. It is used to explain how businesses choose how to operate in the market, including how choices are made regarding product pricing, when to release products, and how much money to spend on advertising.
In game theory, the payoff matrix is a key idea. The payoff matrix aids in illustrating each potential result associated with strategic decision-making. A player must consider how their decision will impact the results of the other player as well as how the other player's decision would impact their own.
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An insurance applicant must be notified prior to an insurer ordering an investigative or financial report as required by which law?
An insurance applicant must be notified prior to an insurer ordering an investigative or financial report as required by The Insurance Act
According to the FCRA, an insurer must notify you in advance if it intends to obtain a financial (credit) report, a medical report, or an investigation report. Upon completion of the application for life insurance, the applicant must be advised of their rights.
The agent is in charge of giving the insured the policy and collecting any premiums that might be owed at the time of delivery. It's crucial for people to get insurance so they can safeguard themselves against suffering significant financial loss in the case of an unforeseen circumstance or if anything bad happens to them or their property.
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Which assessment finding will indicate a life-threatening type i hypersensitivity reaction?
Type I hypersensitivity reactions include localized allergic reactions such as atopic asthma (allergy-based asthma) and atopic dermatitis, but they also include systemic anaphylaxis. - Serum sickness is an example of Type III.
What is hypersensitivity ?Any unfavorable immune system-induced reactions, such as allergies and autoimmune diseases, are referred to as hypersensitivity (also called hypersensitive reaction or intolerance). These reactions—often referred to as an immune system overreaction—can be harmful and painful. Contrast this immunologic phrase with the psychiatric term "hypersensitive," which refers to someone who may be abnormally sensitive to physical and/or emotional stimuli.
Although there is a correlation between the two, studies have shown that people with ADHD (a psychiatric disease) are more prone to experience hypersensitive reactions including allergies, asthma, and eczema than people without the disorder. Four different categories of hypersensitivity reactions exist.
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The funds provided by common stockholders that consist of common stock, paid-in capital, and retained earnings are referred to as the firm's:______.
The funds provided by common stockholders that consist of common stock, paid-in capital, and retained earnings are referred to as the firm's Net Worth.
What is paid in the capital?
Paid-in capital is the amount that businesses get from stockholders in exchange for their shares. A significant component of a company's entire equity is this. Either preferred stock or the common stock may be used as paid-in capital. These monies are only obtained through the issuer's direct sales of shares to investors; they are not derived from any operating activities or from the sale of stock on the secondary market to other investors.
Paid-in capital does not include earnings from continuing business operations; it only includes money earned from the sale of stock.
If a company decides to repurchase shares from its owners, the balance in paid-in capital may be reduced; this can either be done directly in the account or it can be recorded in a contra equity account that is linked with and offsets the paid-in capital account.
Thus, the investor's money is called Net Worth.
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