Companies predict how many purchases a single customer might make from the company over the length of the relationship with that consumer, a measurement called the ______.

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Answer 1

The measurement is called the Customer Lifetime Value. Customer lifetime value (CLV) is the sum of a customer's value to a company over the course of their relationship

Increasing the value of your existing customers is a wonderful strategy to spur growth since it is less expensive to retain existing customers than it is to attract new ones.Why is client lifetime value essential and what does it mean?One of the most important metrics for knowing your customers is client lifetime value. It foretells the value that a customer relationship could have for your company. Using this strategy, businesses may illustrate the potential benefit of their marketing operations in the future.

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Related Questions

Most standard portfolio analysis methods evaluate strategic business units (sbus) on their performance in two important dimensions. what are these two dimensions?

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The majority of conventional portfolio-analysis methodologies evaluate SBUs based on two crucial factors: the market or industry an SBU operates in is appealing, and an SBU's position within that market or industry is strong.

What is Strategic Business Unit?
A strategic business unit, or SBU for short, is a fully operational part of an organization with its own mission and goals. An key section of the organization, a strategic business unit typically functions independently. It provides updates on its operational status to the headquarters. Although a strategic business unit, or SBU, is an independent company, it is required to report directly to the organization's headquarters on the status of its operations. It is independent and centered on a particular market. It is large enough to have independent support divisions for things like human resources and training. Having an SBU has a number of advantages. For businesses with a variety of product structures, this strategy is most effective. Proctor and Gamble, LG, and other businesses are the best examples of SBU. Under one roof, these businesses house numerous product categories. For instance, the company LG produces consumer durables.

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Planning involves ________.
a. hiring employees
b. setting goals and objectives
c. analyzing financial statements d. coordinating company activities

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Planning involves b- Setting goals and objectives

The required details for Planning in given paragraph

Planning includes both the process of developing a plan and its accurate and timely execution. Planning may be extremely helpful in avoiding mistakes and seeing possibilities. Good planning demonstrates management's familiarity with the company and their consideration of changes in "products," management, finance, and—perhaps most importantly—the external environment, which includes markets, competitors, users, and regulations. Planning aids in future prediction, future visibility, and the construction of a link between the present and this future.

One of the brain's executive functions is planning, which includes the neurological processes involved in creating, assessing, and choosing a series of ideas and deeds to accomplish a certain objective.

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To pursue goals such as social justice, social work research must inform direct practice, as well as influence and inform policy practice. this requires social workers to?

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Conduct research that will influence policy makers and the general public to make changes in policy.

Social Workers
A social worker is someone who dedicates their career to enhancing the quality of life for people, families, and communities through counseling, advocacy, and reporting. Social workers may offer direct counseling to families and communities, speak up for them before community groups or other health care providers, or aid clients in navigating the legal system by testifying in court or offering support as necessary. In other words, social workers are dedicated to assisting people in improving their lives. Finding your specialty in the field of social work is as easy as identifying your areas of interest because there are numerous career routes available. You could, to name a few, work with children and families, communities, in health care settings, or rehabilitation facilities.

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When a cashier is deciding how many hours to work, the marginal benefit she should consider is _____ and the marginal cost she should consider is _____.

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When a cashier is deciding how many hours to work, the marginal benefit she should consider is her hourly pay and the marginal cost she should consider is the value of one hour of leisure time.

Marginal Benefit

A marginal benefit is the most a consumer will pay for an additional good or service. It is also the additional satisfaction or usefulness that a buyer obtains while purchasing an additional good or service. As a consumer's consumption of a commodity or service increases, the marginal benefit decreases. The marginal benefit for producers is also known as marginal revenue in the business world. Utility in economics refers to the pleasure or advantage obtained from using a thing. A good or service's marginal utility quantifies how much consumers enjoy or are satisfied after increasing or decreasing their use by one unit. Three different kinds of marginal utility exist.

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The conflict-handling style in which a person neglects their own concerns and allows the concerns of another to prevail is known as:________

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The conflict-handling style in which a person neglects their own concerns and allows the concerns of another to prevail is known as accommodating.

Recognizing that there are four fundamental interpersonal conflict communication styles—assertive, aggressive, passive, and passive aggressive—is the first step in developing these skills.

Finding a middle ground or renouncing some of your issues while committed to those of others is the definition of the compromising style.  The aim of this somewhat cooperative, moderately forceful style is to strike a balance.

Competing is aggressive; accommodating is passive and cooperative. There is a certain amount of self-sacrifice involved when someone is accommodating; they put other people's needs ahead of their own.

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In practice, most companies list accounts on their trial balance in alphabetical order. True or false?.

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The given statement is false. In practice, most companies don't list accounts on their trial balance in alphabetical order.

What is trial balance?

A trial balance is a list of every general ledger account in a company's ledger. Each nominal ledger account's name and current balance amount will be listed in this list. In each nominal ledger account, there will be a debit balance or a credit balance.

Most businesses put them in this order:

AssetsLiabilitiesEquity of StockholderDividendsRevenues, andExpenses

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An office holder who commits misconduct in office by doing something he or she has no right to do is guilty of:________

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Malfeasance is when a office holder behaves improperly or commits misconduct by acting in a way that is against the law.

A just cause removal of an elected official by statute or recall election is frequently justified by official misconduct. Malfeasance in office is in contrast to "misfeasance in office," which is the performance of an official task without sufficient authority, and "nonfeasance in office," which is the failure to do so.

It is challenging to give a precise definition of official misconduct because numerous highly regarded secondary sources (such as books and comments) strive to identify its foundational elements based on documented occurrences.

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What major road (just south of the youngstown state university campus) is an abandoned rail line? please include the compete name for full credit.

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Pittsburgh & Lake Erie Railroad Gateway Yard major road (just south of the Youngstown state university campus) is an abandoned rail line.

What is railroad?

The term “railroad” refers to a defunct rail track. The railroad's track does not change and is permanent. In the seventeenth century, the railroad brought England into the world. Two parallel lines are permanently installed on the railroad track.

The Pittsburgh and Lake Erie Railroad was located in Youngstown, Ohio, and is an abandoned rail line. It was the development of 1957. Gateway Yard was in charge of this central location of the railroad.

As a result, P&LE was the is an abandoned rail line.

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A major reason that decision making is often not such a rational process is that there are:______.

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The fact that there are too many steps in the decision-making process for most individuals to handle is a big factor in why decision-making is frequently not such a reasonable process.

The opposite of intuitive decision-making is rational decision-making. It follows a rigid process based on logic and objective information. It entails identifying the issue that needs to be resolved, collecting data, identifying options and outcomes, analyzing them, taking into account all the connections, and making a decision. Fundamentally, decisions are the outcome of certain thought processes. Good judgments are frequently deemed reasonable even when they are not always conclusions of the inferences or alternatives best valued according to relevant criteria in a context. The information that decision-makers do have is frequently inaccurate and incomplete, and they do not have access to all information that may be important to the choice. Decision-makers have weak computational and analytical skills.

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When a project manager first recognizes that a project is in trouble, the options available to her include ____.

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When a project manager first recognizes that a project is in trouble, the options available to her include delaying the project deadline.

What is Project Management?

In order to give individuals something of value, project managers use specific knowledge, abilities, methods, tools, and techniques. Buildings, delivering aid after a natural disaster, increasing sales in a new market, and creating software for more efficient business operations are just a few examples of projects.

Every project is an immediate endeavor to add value by delivering a unique good, service, or result. There are beginnings and ends to every project. The team has a team, a budget, a schedule, and a set of guidelines that they must follow. Each project is unique and ends when the desired result is achieved, as opposed to ordinary operations, which represent an organization's ongoing activity.

Project professionals—individuals tasked with making sure a project team achieves its objectives—are in charge of these projects. To address the needs of a project, project professionals employ a wide range of tools, techniques, and methodologies.

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Kia motor company is performing a key function of operations management when it ________ for its new line of automobiles.

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Kia motor company is performing a key function of operations management when it purchases new parts and supplies for its new line of automobiles.

Kia motor company

Kia Corporation, or simply Kia, is a South Korean multinational automobile manufacturer headquartered in Seoul. With sales of over 2.8 million vehicles in 2019, it is South Korea's second largest automobile manufacturer after its parent company, Hyundai Motor Company. Kia began as Kyungsung Precision Industry on June 9, 1944, as a manufacturer of steel tubing and bicycle parts, eventually creating Korea's first indigenous bicycle, the Samchully, in 1951.

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In a large business, the _____ department makes sure that all the computer operations, mobile devices, and networks run smoothly.

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In a large business, the information technology department makes sure that all the computer operations, mobile devices, and networks run smoothly.

What is the definition of information technology?

Information technology (IT) is the creation, processing, storage, secure transmission, and exchange of all forms of electronic data. IT includes the use of computers, networking, storage, and other physical devices.

With the aid of hardware and software networks, workstations, and storage devices at lower costs, information technology makes it possible to store and retrieve large amounts of data fast. With the use of information technology, data may be combined and configured to provide distinctly new information that facilitates making decisions quickly.

Therefore, in a large business, the information technology department makes sure that all the computer operations, mobile devices, and networks run smoothly.

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With all the money they could potentially win, the game show contestants were __________ to start playing.

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The fill in the blanks is eager

A participant in a game or competition is referred to as a contestant. Many beauty pageants require their competitors to perform a skill, such as singing or dancing, in addition to being attractive. A contestant is a participant in a competition or someone who challenges an individual or an award. According to the case of Re Interest of LW v., a contender in a child custody dispute is "a person, including a parent, who claims a right to custody or visitation of a child." A contestant is a person who participates in a game or competition.

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The product of one and four thirty-seconds and twenty thirty-seconds is ________.

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2,902,900 seconds or 806.3611111111 hours or 33.5983796296 days

Suppose that a particular artillery piece has a range r = 4000 yards . find its range in miles. use the facts that 1mile=5280ft and 3ft=1yard.

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Any single quantity in the world can be interpreted in better than one way.  Unit conversion is a method by that we can go back and forth between various units.

Unit conversion

Given:

R=9,350 ydR=9,350 yd is the range in yards

Since we want the content in miles here, we will be utilizing the conversion factor:

1 mi=528 ft1 mi=528 ft

3 ft=1 yd3 ft=1 yd

So to do a unit conversion process, we say these conversion factors as a particle that equals 11.  We describe this concept in this precise conversion:

R=9,350 yd(3 ft1 yd)(1 mi528 ft)R=9,350 yd(3 ft1 yd)(1 mi528 ft)

We set up our conversion factors here as particles that equal 11. We set the units up in such a way that they can balance each other out:

We will thus get:

R=53.125 mi

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Savings by _____ in small dollar amounts is the origin of much of the money that funds business loans in an economy

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Savings by Household in small dollar amounts is the origin of much of the money that funds business loans in an economy.

What is loan budget a business?

Business financing is a funding opportunity for business owners to access company loans to be able to pay for things like temporary cash flow interruptions, development schemes, inventory and equipment, and seasonal points in activity.

What is a good excuse for a business loan?

Probably the most obvious reason to think a small business loan is to invest in an increase opportunity for your business. When business is booming, continuing to grow your company can help ensure that your profits don't table or shrink.

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For a monopolist, when the price effect is greater than the output effect, an increase in output sold causes marginal revenue to be?

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For a monopolist, when the price effect is greater than the output effect, an increase in output sold causes marginal revenue to be negative.

What Is a Monopolist?

An individual, group, or business that completely dominates the market for a certain commodity or service is known as a monopolist. A monopolist is likely to support legislation that strengthens monopolies since it provides them more power. Because clients have no other options, a monopolist has no incentive to improve their product. Instead, they have the monopoly's protection as their main priority.

When a monopolist becomes the sole supplier of a specific good or service, a monopoly is created. This differs from a monopsony, which is when only one entity has the authority to make purchases of goods or services. Additionally, it differs from an oligopoly, which is characterized by a small number of vendors controlling a market.

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The presence of a financial market increases the marketability of a financial security by:________

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The right response is "to lower the transaction costs associated with selling the security".

A financial market is any site or mechanism that enables buyers and sellers to exchange financial assets including bonds, shares, the various international currencies, and derivatives. Financial markets provide the link between those with funds to invest and others in need of capital.

What are securities and financial markets?

A financial market is a place where individuals may exchange financial derivatives and securities for little to no cost. Stocks, bonds, raw resources, and precious metals, which are referred to as commodities in the financial markets, are some of the securities.

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The posting reference columns are used to trace transactions from the accounts to the journal. what will be entered in the posting reference column of (1) the journal and (2) the account?

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The posting reference columns are won't to trace transactions from the accounts to the journal. (a) the account number (b) the journal page

What is transactions ?

An agreement that has been fulfilled between a buyer and a seller to commodity , services, or financial assets in exchange for cash is mentioned as a transaction. In corporate accounting, the phrase is additionally frequently used. this easy definition can be difficult to apply in business bookkeeping. counting on whether a corporation employs accrual accounting or cash accounting, a transaction could also be recorded by it sooner or later.

An exchange of cash for a good or service is referred to as a transaction.When it involves corporate accounting, transactions are often a little bit trickier.Regardless of when payment is paid or received, a transaction is recognized by accrual accounting as soon because it is completed

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A company pays one year of rent in advance on january 1. on january 31, the company will record an adjusting entry that will:________

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If a company pays one year of rent in advance on january 1. on january 31, the company will record an adjusting entry that will: Decrease assets and increase expenses.

Adjusting journal entry

Assuming company pays one year of rent in advance on january 1  which means that on january 31, the company will record an adjusting entry that will Decrease assets and increase expenses.

The adjusting journal entry for a prepaid expense will tend to decreases assets (Prepaid Rent) and as well  increases expenses (Rent Expense).

Therefore on january 31, the company will record an adjusting entry that will: Decrease assets and increase expenses.

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The ________ function calculates the periodic interest for a specified payment period on a loan or investment.

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The NPER(Number of Periods) function calculates the periodic interest for a specified payment period on a loan or investment.
So the correct filling is NPER(Number of Periods)

What is periodic interest
The quantity of compounding periods has a direct impact on the periodic interest rate of a loan or investment. If an investment accumulates monthly and has an effective annual return of 12%, its periodic rate is 1%. If you were to compound the daily periodic rate, its periodic interest rate would be 0.00033, or the equivalent of 0.03%. An investment grows more fast the more often it compounds. Consider that a $1,000 investment has two options. Option one provides an annual interest rate of 8% to the investor, and the interest grows on a monthly basis. Option 2 offers the investor an annual compounded interest rate of 8.125%.

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The best values management programs also provide either a(n) _______ or a(n) ________ to report any violations.

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The best values management programs also provide either a direct contact person or an anonymous hotline to report any violations. It is better to have those two options because reporting something requires that we remain anonymous. We would probably also create a new conflict on top of it.

A violation report is used to describe every allegation of a violation or alleged violation of this Manual, as well as the investigation and subsequent actions. An instance of a violation might be being bullied at work or school. Another illustration is breaking the law by driving your car faster than the posted limit.

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A simplified version that is used informally for analysis instead of drawing a formal general ledger account is referred to as a?

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A T Account is a simplified version used informally for analysis instead of drawing a formal general ledger account.

T Accounts Presented. Debits and credits can represent increases or decreases for various accounts, but in a T Account, the debit is, by convention, always on the left and the credit on the right. Regardless of the type of account, the debit side is always on the left, and the credit side is always on the right.

The account name is then written directly above the top horizontal line, and below that, split by the vertical T of the letter, debits are reported on the left, and credits are recorded on the right. A ledger account is another name for a T-account.

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Frank's furniture imports, inc. imports children's bedroom furniture from china and sells it wholesale to furniture retailers. what kind of wholesaler is this business?

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Children's bedroom furniture is imported from China by Frank's Furniture Imports, Inc. and sold in bulk to furniture stores. A limited-line wholesaler, this company.

Compared to well known products wholesalers, constrained line wholesalers buy and promote a smaller choice of goods. as an example, they could just distribute food, clothing, or electronics. Wholesalers of area of expertise lines provide the maximum confined variety of merchandise.

constrained strains may be observed in locations like supermarkets, area of expertise stores, and catalog showrooms.

Small provider best positive capabilities precise to their needs are executed by means of wholesalers.

A wholesaler often buys the product directly from the manufacturer or sells it himself. The wholesaler makes his very own selections on the goods and services he sells.

As a end result, a wholesaler who solely sells digital devices, like smartphones, is known as an electronics wholesaler, whereas a wholesaler who sells a wide sort of items is referred to as a widespread products wholesaler.

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If a producer is advertising a life insurance policy, the producer must disclose the?

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If the Commissioner adopts a term life insurance monetary value index, all term life insurance marketing and policies for people 55 and older must mention it.

The programme is classified as a Form provided by the insurance provider, often completed by the agent and the medical examiner (if applicable) based on data from the applicant. It is signed by the applicant and, if approved, becomes a component of the insurance policy.

Advertising becomes important in business, the life insurance policy is better for everyone. He must disclose all the material facts as required by the company.

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A small company making hole punchers has decided to use a differentiated marketing strategy and target four different market segments. what problems might the company encounter?

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By using a differentiated marketing strategy, the problems that the company might encounter is that each segment requires its own marketing plan and execution and costs add up quickly.

What is differentiation in marketing?

This differentiation strategy is what makes a firm's product or service stand out to their target audience. It involves how a firm distinguish what they sell from what their competitors do.

The differentiation strategy helps to increases brand loyalty, sales, and growth. That is, focusing on the customers is a good start to successful product differentiation. However, the problems that the company might encounter is that each segment requires its own marketing plan and execution and costs add up quickly.

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A surprising recommendation regarding organizational requirements for innovation is __________.

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A surprising recommendation regarding organizational requirements for innovation is put technology ahead of strategy

What is innovation?

The term innovation refers to creating a new idea of accomplishing task. The new idea us usually beneficial to the people or organization that will use it. Innovation is a necessary skill to maintain operational excellence in an organization.

Managers should be innovative enough to lead their subordinates and inspire them towards being innovative too. As collective innovation will be beneficial to the organization. It is therefore recommended that organizations require innovation to put technology ahead of strategy.

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complete question

A surprising recommendation from the disruptive innovation cycle​ is:

A. put marketing ahead of strategy.

B. always put strategy first.

C. put technology ahead of strategy.

D. innovate once and forget it.

E. put marketing ahead of technology.

According to the text, spreadsheet packages are used by virtually every business for _______________.

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An operating system performs three primary tasks: managing the computer's resources, including the CPU, memory, disc drives, and printers; creating a user interface; and running and supporting application software.

Application software that is used to complete routine tasks, such word processing, is referred to as general purpose software.

A general purpose software application is software that has been created to use a computer system to complete common or general tasks for users. Word processing, spreadsheet, and photo editing software are among examples.

The operating system's service maintains track of which users are using what resources—and how much—for accounting purposes as well as to compile consumption data.

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Supply is said to be ____________ when the quantity supplied is very responsive to changes in price.

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Supply is said to be more elastic when the quantity supplied is very responsive to changes in price.

What is Price elasticity?

The quantity demanded of a good or service divided by the percentage change in price is the price elasticity of demand. The percentage change in quantity supplied divided by the percentage change in price represents the price elasticity of supply.Perfectly elastic, elastic, perfectly inelastic, inelastic, and unitary are the five major categories into which elasticities can be effectively categorised.Price elasticity quantifies how responsively a good's supply and demand are to changes in price. It is calculated by dividing the percentage change in quantity provided (or required) by the percentage change in price.Price elasticity of demand is a measurement of the change in consumption of a product in relation to a change in its price.

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The accounts payable account is a(n) ______ account.
a. expense
b. revenue
c. asset
d. liability

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The accounts payable account is liability account., Therefore, the correct option is D.

What is liability account?

When a liability account is debited, the amount owed by the company is reduced (i.e., the liability increases), and when a liability account is credited, the amount owed by the company grows (i.e. increases the liability). Current liabilities and long-term liabilities are the two categories that make up liability accounts.

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National Debt timeline: record the total national debt for the United States, the public figure in office at the time, and any significant events that may have affected the national debt during the years prior to the date listed. (1791-2015) The table represents a function.X-6743-5f(x)83-5-212Which value is an output of the function?-6-207 The fertile topsoil that contributed to the productive agriculture in early china was called:_____. Why does the magician give Ah Fo three wishes?Question 1 options:The magician gives them to Ah Fo as a reward for rescuing the emperor.The magician wants Ah Fo to help him fight the evil magician.The magician is grateful that Ah Fo rescued him from the evil magician.The magician believes that Ah Fo is a wise man who will use the wishes wisely. Exercise 1 Write who or whom in the blank to make each sentence correct. At the wedding the bride was given away by another Roosevelt ____________ both Eleanor and Franklin admired. What is a device with open flame used to provide heat to the firebox;there may be one or many depending on the furnaces size and capacity? Solve for .5x- 4 >_12Choose 1 answer:12x+ 5< _=-4 Why does the equilibrium price of oil fall by only a small amount with anwr oil production? the price of oil falls by only a small amount because:_________ Exercise 1 Circle the participle or participial phrase in each sentence.Mollys determined pacing showed that she was also nervous. How much something changed divided by the time required for the change to occur is? The percentage of filtrate eventually reabsorbed into the bloodstream is closest to:_________ hat kind of wound occurs when the skin scrapes against a hard surface and tiny blood vessels break in the outer layer of the skin?A. abrasionB. avulsionC. lacerationD. puncture Find the distance between the points (6,-12) and (18,-20) Solve the recurrence relation: t(n) = 3t(n-1) 1, with initial condition of t(0) = 1 meeting, so they need at least 100 pieces of sushi in total.Sofia had already ordered and paid for 24 pieces of sushi, so she needs to order additional sushi. The sushicomes in rolls, and each roll contains 12 pieces and costs $8.Let R represent the number of additional rolls that Sofia orders.1) Which inequality describes this scenario?Choose 1 answer: Round 7.487 to the nearest hundredth. A nurse is assessing a toddler and the dynamics of the child's family, in which abuse is suspected. what behaviors are expected? select all that apply. 13,804 divided by 14 help me with this please! What is the perimeter of a rectangle that has a length of 40 Ft and a width of 17 ft?