If the sum of the debit column equals the sum of the credit column in a trial balance, it indicates.

Answers

Answer 1

It shows the mathematical equality of the accounting equation. When a trial balance balances, it is an indication that: debits equal credits.

Should the trial balance equal?

A trial stability is therefore a list of all the debit and credit score balances in the accepted ledger accounts. If all the man or woman double entries have been efficaciously carried out, the total of the debit balances need to always equal the total of the savings balances in the trial balance.

When a trial balance balances it is an indication that?

How a Trial Balance Works. Preparing a trial stability for a business enterprise serves to discover any mathematical errors that have occurred in the double-entry accounting system. If the whole debits equal the total credits, the trial stability is regarded to be balanced, and there must be no mathematical blunders in the ledgers.

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Related Questions

A benefit that is sought by an interest group and that once achieved cannot be denied to a nonmember is called a ________. group of answer choices

Answers

The correct option is (B) Collective good.

A benefit that is sought by an interest group and that once achieved cannot be denied to nonmembers is called a collective good.

What is the meaning of collective good?

A good or service that is provided to all members of a society is referred to in economics as a public good, also known as a social good or collective good. These services are typically provided by governments, and taxes are used to cover all of their costs. The rule of law, national defense, and law enforcement are a few examples of public goods.

Public goods are significant because they are intended to be accessible to the broader public and have particular characteristics that prohibit some individuals or groups from being unable to use them.

What is the public goods theory?

The goal of the public goods theory is to explain why the private sector of the economy cannot supply public goods effectively, leading to market failures that imply the need for government intervention in the production of those products.

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The complete question is:

“A benefit that is sought by an interest group and that once achieved cannot be denied to a nonmember is called a ________. group of answer choices

(A) Free rider

(B) collective good

(C) solidary benefit

(D) purposive benefit”

Suppose that the gdp of california increases by 14ach year. how long will it take for the gdp of california to double? round your answer to one digit after the decimal.

Answers

5 years  long will it take for the Gdp of California to double. round your answer to one digit after the decimal.

What is a simple definition of GDP?

GDP calculates the monetary value of the final goods and services—those purchased by the consumer—produced in a nation during a specific time period (say a quarter or a year). It accounts for all the output produced inside a nation's boundaries.

How the GDP is calculated?

GDP is calculated as private consumption plus gross domestic product plus government investment plus (exports – imports). The country's national statistical office often uses the international standard to compute GDP.

Number of years to double = 70/annual growth rate

Number of years to double = 70/14%

Number of years to double = 5 years

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A __ is a very broad in scope and is supported by a large and usually growing body of evidence

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A theory is a very broad in scope and is supported by a large and usually growing body of evidence.

Large volumes of data are explained by theories in science. A theory is distinct from a hypothesis since it has a much wider scope and is backed up by a lot more data. An assumption is. a comprehensive theory of explanation that is backed by a lot of data.

A testable hypothesis is a proposition made to account for certain facts. A theory has a wider scope and is a conceptual framework that aims to explain how occurrences are related and makes it possible to predict further links. A body of information produced by procedures based on observation is referred to as science.

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One way to overcome the major restriction of linear regression forecasting is to?

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One way to overcome the major restriction of linear regression forecasting is to Use a shorter period of history to prepare the forecast.

Linear regression is useful for producing forecasts for strategic planning. However, a major restriction in using linear regression forecasting is, as the name implies, that past data and future projections are assumed to fall about a straight line therefore, a shorter period of history to prepare the forecast should be used.

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What is an example of external communication?
a. employee attitude survey
b. press release
c. company suggestion box
d. email to new employees

Answers

Example for External Communication is option D email to new employees

Example of External Communication
Example - Dear [Name of Employee], We are all very happy to have you join our team! Your start date is [date], as previously discussed, and our dress code is [casual/business casual]. We anticipate you to arrive at our offices by [time].

Formal and informal corporate communication are the two broad categories of external communication: Formal external business communication is the first component in creating the right corporate image, according to this theory. This covers many formal memos, letters, reports, and presentations. The primary goal of external communication in business is to inform a business's external environment about its efforts and the caliber of its goods and services.

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The central organizing tenant of the file-oriented approach is to store data related to :__.
a. an entity.
b. a transaction cycle.
c. a business division.
d. a specific program.

Answers

The central organizing tenant of the file-oriented approach is to store data related to a specific program. Thus the correct option is D.

What is data?

Raw Information that has been converted into a structured format that is useful for transmission or process is referred to as data. Facts, numbers, or information that is saved in or accessed by a computer.

Storing information relating to a particular application is the main organizational concept of the file-oriented approach. Programs are designed with content that enables participants to study subjects specifically.

Therefore, option D is appropriate.

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What is the yield on a 10-year zero-coupon bond with a par value of $1,000 if it is purchased for $490?

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3.11% is the yield on a 10-year zero-coupon bond with a par value of $1,000 if it is purchased for $490.

What is zero-coupon bond?

Bonds with zero coupons do not accrue interest during their entire lifespan. Rather, buyers of zero coupon bonds pay a significant discount over the bond's face value, which is the sum they will be paid when the bond "matures" or becomes due.

Bonds with no coupon typically have lengthy maturity dates; many take ten, fifteen, or even more years to reach their final maturity. These lengthy maturity dates enable a shareholder to budget for a long-term objective, like paying for a child's college tuition. A small amount of money that will grow over many years can be put up by an investor with the deep discount.

Zero coupon bonds of various types, issued by a variety of issuers, are available for purchase by investors in the secondary markets.

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Seeking to dominate or to get your own way at the expense of others is known as _____.

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Seeking to dominate or to get your own way at the expense of others is known as aggressive behavior.

What Is an Acquisition?

A company makes an acquisition when it buys the majority or all of the shares of another company in order to take over that business. The acquirer can make choices on newly acquired assets without the consent of the target company's other shareholders if they purchase more than 50% of the target company's stock and other assets. Acquisitions, which are quite common in business, may take place with or without the target company's consent. A no-shop clause is frequently present during the approval procedure.

An acquisition is a type of commercial transaction in which one company purchases all or a portion of the stock or assets of another company. The goal of an acquisition is frequently to seize control of the target company's assets, build on its strengths, and channel its energies. An acquisition definition may also be based on this Because these enormous and major transactions frequently make the news, we frequently hear about the acquisitions of large, well-known corporations. In actuality, small- to medium-sized businesses merge and acquire one another more frequently than giant corporations.

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The fundamental difference between real and financial assets is that real assets:________.
a) are intangible.
b) are tangible.
c) can be bought and sold.
d) have productive capacity.

Answers

The fundamental difference between real and financial assets is that real assets are tangible.

What are these assets?

As a financial Assets, the real assets refers to a separate and distinct asset class from financial assets while the financial assets derive their value from a contractual claim on an underlying asset that may be real or intangible.

The difference between real assets and financial assets is that real assets are the tangible possessions owned by a business while the financial assets are the securities a business entity has. They can easily be converted into cash.

Therefore, the Option B is correct.

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A statement of activities shows account balances in two separate columns. how are those columns labeled?

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A statement of activities shows account balances in two separate columns.  Those columns labeled without donor restrictions and with donor restrictions.

What is donor restrictions?

Donor-imposed limitations are a mechanism for the donor to direct how you should use their funds. For instance, my contributions must be used for program A by a certain day or time. Restrictions imposed by donors may be stated explicitly or impliedly.

Any cash amount that has been designated for particular or constrained use is known as a restricted fund. Restricted funds make sure that only contributors can control how those assets are used. They are frequently linked to money held through donations to charitable organizations or endowments.

Therefore,

A statement of activities shows account balances in two separate columns.  Those columns labeled without donor restrictions and with donor restrictions.

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A self-employed individual makes $200,000 per year. to which type of retirement plan can the maximum contribution be made?
a. traditional ira
b. roth ira
c. sep ira
d. simple ira

Answers

Option C. The type of retirement plan that the individual would have to make the maximum contribution is the sep ira.

What is the retirement plan?

This is the term that is sued to refer to the plan that is done in such a way that it has to help a person to take care of their post retirement. This is done through the saving of money in such a way that it would help to take care of the periods that they have become old and no longer working.

Hence the SEP IRA is also called the simplified  employee pension plan. Therefore  the type of retirement plan that the individual would have to make the maximum contribution is the sep ira.

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True or false: business professionals who are culturally intelligent believe other cultures can possess different yet valid approaches to business-management practices. true false question.
a. true
b. false

Answers

TRUE: Business professionals who are culturally intelligent believe other cultures can possess different yet valid approaches to business- management practices.

Culturally Intelligent refers to the potential that business is able to manage the different cultures diverse situations and work efficiently with them.

Different business has its own culture and gives great exposure to he other organization. It helps in learning new culture, skills and moreover it will create the personality of the people.

It will also boost the confidence level among the people.

It is very important and beneficial for business management practices as it led to global collaborations, wide market area, proper utilization of resources, interchange of knowledge.

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During the adjusting process two transactions were neglected or omitted. The first is for unearned rent revenue of which $450 was earned during the period, the second was for accrued interest payable of which $275 is owed for the period. As a result of these omissions.

Answers

The omission related to unearned rental income could increase net income by $690 while eliminating accrued expenses, interest expense and interest payable, increased expenses and liabilities by $275. As a result, revenues are understated by $690 while expenses are understated by $275 so net income is understated by $140. Assets are not affected by this error, but liabilities are overstated by $140.

Unearned income is another name for the term “deferred income". It is used to define the process by which a company accepts payment from a customer before that customer receives a product or service. In many cases, companies rely on an upfront payment to complete the manufacture of the product before shipping it to the customer.

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Although the business plan has a great amount of detail and requires thoroughness, a well-explained business idea will come to life almost immediately in which part of this document?.

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A well-explained company idea will materialise almost immediately in the section of the business plan where the executive summary is located, despite the business plan's extensive length and requirement for thoroughness.

Business plan:

An extensive written document that outlines a company's goals and objectives is called a business plan. A business plan contains a detailed strategy for the company's operations, finances, and marketing. Both new and established businesses use business plans. A business plan is an important document that should be read by both internal and external audiences. For instance, before a business has created a solid track record, a business plan is applied to entice funding. It might also make it easier to get financing from financial institutions.

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One reason for the existence of agency problems between managers and stockholders is that?

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One reason for the existence of agency problems between managers and stockholders is that  there is a separation of ownership and control of the firm. (option b)

What is agency problems?

Agency problems arise in public firm where the owners of the firm are not the ones managing it. Agency problems occur because the interest of managers and owners (stockholders) are not aligned.

Non-alignment of interest would lead mangers to take actions that are not in the best interest of the stockholders. In order to reduce agency problems, steps that would align the interest of managers and stockholders can be taken. For example, the compensation of managers can be tied to the value of stocks.

Here are the options:

) managers know how to manage the firm better than shareholders.

B) there is a separation of ownership and control of the firm.

C) shareholders have unreasonable expectations about managerial performance.

D) none of these.

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True or false: raw data without knowledge of the business context is still useful

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Raw data without knowledge of the business context is still useful. This statement is false.

In most cases, the term "raw data" refers to data tables with each row containing an observation and each column denoting a variable that characterizes a characteristic of each observation. This type of data is also known as flat data, primary data, atomic data, clean data, and unit record data.

It is uncommon to save data in this format for purposes other than data analysis, despite the fact that it is often necessary for data analysis. This is because it is neither a space-efficient format nor an efficient format for data entry. Since it is deliberately created to be in this format, it is normally retrieved by extracting a data file that is in that format.

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The production possibilities decrease as more resources and better technology are utilized. true flase

Answers

The declaration is true that the production possibilities decrease as more resources and better technology are utilized.

Possibilities curve exhibits the most quantity of any two items that can be produced from a fixed quantity of resources.

Points backyard the PPF curve are no longer manageable with the given degree of sources and the current kingdom of technology.

What can motive a production probabilities curve to cross to the right?

1. Economic growth, a rightward shift in the production probabilities curve, will appear if resources expand.

2. Technical progress, an enchancement in the pleasant science that permits extra output to be produced with a given amount of resources, will result in monetary growth.

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Contribution margin refers to the contribution made by each additional unit sold to ____.

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After the business has achieved breakeven, the contribution margin demonstrates how much more money is made by producing each extra unit of the product. It calculates the "contribution" of each incremental sale to the overall profits of the business.

The selling price of one unit of products less the variable costs associated with producing that unit constitutes the contribution margin per unit. Each sale provides a certain amount to covering fixed costs, which is known as the contribution margin per unit. It will show how much profit is made per unit sold after the fixed costs are paid.

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When the economy is moving toward a recession, the yield on riskier bonds will tend to?

Answers

The yield on riskier bonds will typically increase when the economy is headed for a recession.

Bonds are fixed-income securities that reflect loans from investors to borrowers (typically corporate or governmental). A bond can be compared to an agreement outlining the terms of the loan and the associated payments between the lender and borrower. Companies, municipalities, states, and sovereign governments utilize bonds to finance operations and initiatives. Bondholders are the issuer's debtors or creditors. Bond specifications typically include the terms for variable or fixed interest payments made by the borrower, as well as the end date by which the principle of the loan is expected to be paid to the bond owner.

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Since the international market is significantly larger than the domestic market, exporting is nearly always a way to increase a company's revenue. True or false

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Exporting is almost always a technique to improve a company's revenue because the worldwide market is substantially greater than the domestic market. True.

What does export mean?

Exporting is the process by which businesses from one nation sell their products and services to clients or customers in another nation. Energy and natural resources, as well as raw materials like food or textiles and completed consumer goods like electronics, are frequently exported between nations.

Exporting is the practice of producers and merchants who sell their wares to consumers in other countries. One approach for firms to expand their potential market, increase revenue, and expand is by exporting.

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Laban works at a cannery and food factory. he often hears of the food and drug administration and how the factory needs to follow its standards. What does the fda do? choose all that apply.

Answers

Infants should have their chest compressed to at least 1.5 inches, or one third, of their chest's depth (4cm). CPR is necessary for a victim who is not breathing normally and has no pulse. Compression-to-ventilation ratio for adult CPR performed by two rescuers is.

Personnel must include those with the requisite professional training to ensure the competent execution of all industrial processes.

For adults, the recommended minimum depth of chest compression is 5 cm (2 inches). A child's compression depth should be at least one-third their chest size, or 5 cm for kids and 4 cm for babies. Why? For newborns and kids, there is a wide selection of victim sizes.

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Respond to the following in 2-5 paragraphs. Select the workplace skill, habit, or attitude described in this chapter that you believe is most important for being a successful employee. Explain your choice.

I need help

Answers

Any employee with a specialty skill, training, knowledge, and (often acquired) ability in their profession is considered a competent and successful employee.

The required details for skilled worker  in given paragraph

A skilled worker could have gone to college, a university, or a technical institute. Alternatively, a skilled worker can have picked up their abilities while working. The following professions fall under the category of skilled labor: engineers, software developers, paramedics, police officers, soldiers, doctors, crane operators, truck drivers, machinists, draftsmen, plumbers, carpenters, cooks, and accountants.

These workers may be white-collar or blue-collar, and they may have varying degrees of training or education.

1. They consider the abilities they will require for the upcoming position.

2. In meetings, they speak up

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Broker jones has received a $2,000 earnest money check made payable to the escrow company. the check should be entered in which one of the following dre record keeping forms?

Answers

The place where the check should be entered is that the check should be entered into Record of All Trust Funds Received.

How does a broker operate?

A broker acts as a middleman between those looking to invest and trade and the exchange where those transactions are carried out. Because stock markets require licenses for persons who conduct trades on the exchange, you need a broker. A broker is someone you engage to purchase stock on the stock exchange for you.

In this case, it should be noted that the check should be entered into Record of All Trust Funds Received. It should be noted that the check should not be placed in Broker's Trust Account. This is also known as as the DRE record keeping form 4524.

Therefore, the place where the check should be entered is that the check should be entered into Record of All Trust Funds Received.

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Individuals at the lower levels of an organizational hierarchy can often best see solutions because they?

Answers

Individuals at the lower levels of an organizational hierarchy can often best see solutions because they direct contacts with the manufacturing of products

What is organizational hierarchy?

The authority-based membership hierarchy is the arrangement of members. From entry-level employees to top managers or executives are included in this hierarchy. Organizational hierarchies often have several levels, with employees in higher positions having more authority. For instance, the chief executive officer (CEO) of a firm is ordinarily the most senior person in the organization's structure. If you are in a leadership position at your company, consider rearranging the hierarchy to better suit the way that information is communicated and reported. If not, find out what kind of hierarchy is used by your company to see where you belong in.

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Is it possible for shareholders to defer or avoid the second level of tax on corporate income altogether? briefly explain.

Answers

Yes. To the extent that shareholder payments like salary, rent, interest, and fringe perks are tax deductible, the second level of tax can be completely avoided.

Shareholder?
A shareholder (withinside the United States regularly called stockholder) of a enterprise is an man or woman or criminal entity (which include any other enterprise, a frame politic, a agree with or partnership) this is registered via way of means of the enterprise because the criminal proprietor of stocks of the percentage capital of a public or non-public enterprise. Shareholders can be called contributors of a enterprise. A man or woman or criminal entity will become a shareholder in a enterprise while their call and different information are entered withinside the enterprise's sign up of shareholders or contributors, and until required via way of means of regulation the enterprise isn't required or accepted to investigate as to the useful possession of the stocks. A enterprise usually can not very own stocks of itself. The have an impact on of a shareholder at the enterprise is decided via way of means of the shareholding percent owned. Shareholders of a enterprise are legally break free the enterprise itself.

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When the amount of seasonal variation depends upon the trend or average amount, the seasonality is described as:__________

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Additive seasonal variant assumes that the seasonal version is constant regardless of the fashion or common amount.

With the additive method, the seasonal component is expressed in absolute phrases in the scale of the determined series, and in the degree equation the sequence is seasonally adjusted by means of subtracting the seasonal component. Within each year, the seasonal issue will add up to about zero.

How do you identify additive and multiplicative seasonality?

We can typically discover an additive or multiplicative time collection from its variation. If the magnitude of the seasonal factor adjustments with time, then the series is multiplicative. Otherwise, the sequence is additive.

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A retailer operates different store formats to appeal to different groups of customers. this strategy illustrates _____ marketing.

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A retailer operates different store formats to appeal to different groups of customers. this strategy illustrates differentiated marketing.

What is meant by differentiated marketing?

This is the type of marketing that may be referred to as segmented marketing. It is the one that the market would have to settle on a particular segment which they think would be able to give the best opportunity. Each of the segment is one that would have a special offer.

Hence we can say that a retailer operates different store formats to appeal to different groups of customers. this strategy illustrates differentiated marketing.

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Succession planning is a process that helps to ensure that personnel are recruited and developed to fill key roles. for ios, this means?

Answers

A succession planning strategy helps to make sure that people are hired and trained to fill important responsibilities. For us, this means that the addition of productive human capital is crucial.

What is succession planning?

The method and technique of succession planning is used to transfer leadership responsibilities or plan for replacements. It is used to find and nurture young, aspiring leaders who can take over in vacant leadership positions. The process of identifying the crucial jobs within your organisation and creating action plans for people to fill those positions is known as succession planning.

A procedure called succession planning is used to find candidates for senior posts. It makes more qualified candidates more readily available when your top leaders depart or retire. The human resources (HR) department, sometimes known as the human resources management (HRM) department, is frequently a major force behind succession planning, albeit success depends on the backing of senior management and other stakeholders. Replacement planning is another name for succession planning.

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_____ refers to the system of behavioral rules and norms that emerge in a company.

Answers

Informal organization is The system of behavioral rules and norms that emerge in a group. organizational behavior. The study of the factors that have an impact on how individuals and groups respond to and act in organizations.

What is Informal organization?

An informal organization  can be described as the group of people who share a common identity as well as main  commitment  to achieve a common purpose.

It should be noted that Informal organizations are created by the will and shared identity of their members, hence Informal organization is The system of behavioral rules and norms that emerge in a group. organizational behavior. The study of the factors that have an impact on how individuals and groups respond to and act in organizations.

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What two-word term describes when employees have online access to information about hr issues?

Answers

The two-word terminology which describes when employees have online access to information about HR issues is: self-service.

What is human resources management?

Human resources management (HRM) can be defined as an art that involves process of effectively and efficiently managing, controlling and improving the functions, number of employees (labor force), and activities that are being done by a business firm.

What is self-service?

Self-service (SS) can be defined as a human resources technology which avail employees an opportunity to have a direct online access to HR-related information and software, especially through the company's intranet or website portal.

In this context, we can reasonably infer and logically deduce that self-service is the two-word terminology which describes when employees have a direct online access to information about HR issues.

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A basic slime recipe calls for 1 part borax, 24 parts white glue, and 48 parts water. The relationship between borax, white glue and water is proportional. If Catalina has 3 tablespoons of borax and will use it all, how many cups of white glue will she need Need these pleaseeeeee Which condition is most likely to have a nursing diagnosis of fluid volume deficit? A sedentary lifestyle ______ risk of developing chronic diseases, such as cardiovascular disease and type 2 diabetes. Suppose maria and nikki can produce ballet shoes. if maria's opportunity cost of producing ballet shoes is higher than nikki's opportunity cost of producing ballet shoes, then? Select all the molecules that have stored potential energy and that can be used in aerobic respiration to generate atp.a) lipids carbohydrates b) water proteins c) carbon dioxide Work out the area of the rectangle PLEASE HURRY ILL MARK BRAINEST Which connective tissue is composed of many interwoven and randomly organized collagenous fibers? 3.Which things, according to Socrates, are the people who have knowledge passionately devoted to?What does Socrates mean? Which interventions should the nurse implement initially to help establish a therapeutic rapport with ms. waterfall when she is demonstrating anxiety-related behaviors? PLS HELP THANK YOU VERY MUCHGiven AB, explain how to construct a square with sides of length AB. 1. Kamaria's family gave me a tour of their house yesterday. Which of the following is a true statement?a. Only option A will allow them to meet their goal.b. Only option B will allow them to meet their goal.c. Saving by either option A or option B will allow them to meet their goal.d. Neither option A nor option B will allow them to meet their goal. Question 2 of 10 Suppose a population consists of 5000 people. Which of the following numbers of members of the population being surveyed could result in a sample statistic but not a parameter ? A. Both 50 and 5000 B. 50 C. Neither 50 nor 5000 D. 5000 the difference of a number and eight is four. Find the number. Exercise 1 Circle the prepositions in each sentence. Sentences can have more than one preposition. If the sentence has no prepositions, circle nothing.Clemente played his entire major league career as an outfielder with the Pittsburgh Pirates. A middle school took all of its 6th grade students on a field trip to see a ballet at a theater that has 1700 seats. The students filled 442 of the seats in the theater. What percentage of the seats in the theater were filled by the 6th graders on the trip? You can select individual files within a folder to zip only those files into a compressed archive. True or false Which theme can be most reasonably inferred from this story?A. Good intentions do not necessarily lead to wisdom.B. Generosity is always the best policy.C. Knowledge is power, and money is power, too.D. People are not always what they first appear to be.