An insurance expense amounting to around $6000 would be shown in the company's balance sheet, at the end of the year on December 31.
What is insurance expense?Insurance expense refers to as an expense borne by the insured for the purpose of securing a cover against the happening of the event against which such policy has been taken.
In the given example, the insurance policy has been taken for two years for an amount of $18000 on May 1. The financial year ends on December 31. The computation for insurance expense in this year will be;
[tex]\rm Insurance\ Expense= Monthly\ Expense\ x\ No.\ of\ Months\\\\\rm Insurance\ Expense= \dfrac{\$ 18000}{24} x\ 8\\\\\rm Insurance\ Expense= \$750\ x\ 8[/tex]
Calculating further, the insurance expense for the year is calculated as $6000.
Hence, it can be stated that the insurance expense for a policy purchased on May 1 will be $6000 as on December 31.
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Which of the following is not a disadvantage to cash advances on a credit card? a. cash advances are similar to loans in that they need to be paid back with interest. b. cash advances require a lot of paperwork and are generally difficult to get. c. cash advances are often the last thing to be paid when paying off your credit card. d. cash advances often come with an interest rate much higher than your credit card. please select the best answer from the choices provided. a b c d
It is not a disadvantage that a. cash advances are similar to loans in that they need to be paid back with interest.
What is cash advance on a credit card?A cash advance on credit card is can be described as a short-term cash loan secured by the credit line on your credit card.
In addition, cash advances, like loans, must be repaid with interest, which is not a disadvantage.
Most credit card including charge card providers will give their customers a cash advance if they ask for one, and this is going to be their credit limit.
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The Federal Reserve was established in 1913 to Group of answer choices prevent inflation by decreasing the money supply. stimulate the economy by increasing bank reserves. stop bank panics by acting as a lender of last resort. prevent bad loans by requiring banks to hold reserves.
The main purposes behind establishment of the Federal Reserve was to stabilize the economy and increase the banking reserves; being a lender of last resort and prevention of bad loans in the commercial banks.
What is Federal Reserve?Federal Reserve acts as a central bank for the United States of America. It is one of the largest central banks in the world. It was established in the year 1913.
One of the main reason for the establishment of the Federal Reserve was bringing stability in the economy by the way of increasing bank reserves. It also helped in the prevention of bad loans for national banks.
In case of defaults in repayment of national debts, Federal Reserve would act as a lender of last resort after all the ways have been unsuccessful.
Hence, options B, C and D state the correct purpose behind the establishment of the Federal Reserve in 1913.
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Select the correct answer. based on your knowledge of word parts, complete the sentence with the correct word. sam had to mix __________ parts of the two chemicals for the experiment. a. equaled b. equitably c. equal d. equate e. equation
Sam had to mix equal parts of two chemicals to do the research. When we say equality, it is the same in value or value.
How will you describe the word Equal as?In English, the equal word is noun, verb, and adjective. As a noun, it means the same thing in sight, as a condition. As a verb, we mean the same thing in reality, as a mathematical equation.
If equal, working equally or equally with everyone. If it is an equation, a complex situation, or an issue.
Hence, the correct answer is that Sam had to mix equal parts of the two chemicals for the experiment.
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Answer:
its C : equal
Explanation:
just took the test
________ is a term associated with an advertisement has been seen or heard so many times that it irritates consumers.
Advertising wearout is a term used to describe the wear of an advertising campaign that can even irritate consumers.
What is advertising wearout?It is the loss of effectiveness in the memory of the message or the feeling of irritability before an advertisement by increasing the level of exposure.
It is a consequence of the constant maintenance of the advertisement in the medium that consumers become saturated of seeing the same commercial repeatedly.
Therefore, we can conclude that advertising wearout is a term used to describe the wear of an advertising campaign that can even irritate consumers.
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The two ways that a corporation can be classified by purpose are.
Answer:
profit and not-for-profit.
Explanation:
According to clinton, what is the benefit of a global economy? more jobs and better living conditions protection of the environment forces of integration
President Clinton asserted that the benefit of a global economy is the creation of more jobs and better living conditions.
What is a global economy?Its means the interconnected worldwide economic activities that occurs between multiple countries across the world.
The global economy is what enable the importation and exportation from one country to others and creates international trade.
The President believed that benefit of a global economy is the creation of more jobs and better living conditions.
Therefore, the Option A is correct.
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Answer: more jobs and better living conditions.
The __________ helps measure a company's ability to meet its obligations, pay dividends, expand operations, and obtain financing. It is computed by taking cash flow from operations divided by average total assets.
cash flow on total assets
The cash flow on total assets helps measure a company's ability to meet its obligations, pay dividends, expand operations, and obtain financing. It is computed by taking cash flow from operations divided by average total assets.
What percentage of each dollar of sales affected net income given Sales of $120,000; Cost of Goods Sold of $70,000; Operating Expenses of $10,000; Interest Expense of $5,000; Income Tax Expense of $5,000; and Net Income of $30,000
Answer: 25%
Explanation:
In the early 2000s, laws requiring banks and mortgage brokers to disclose the terms of home loans failed to prevent many Americans from entering into irresponsible mortgage agreements. This could have been the result of
Due to information overload in the early 2000s, laws requiring banks and mortgage brokers failed to prevent Americans from entering into irresponsible mortgage agreements.
What do you mean by mortgage?
A mortgage refers to the process of giving something up as a guarantee or collateral against a loan. A person may encounter a term when seeking a secure loan.
Thus, due to information overload in the early 2000s, laws requiring banks and mortgage brokers failed to prevent Americans from entering into irresponsible mortgage agreements.
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Under a licensing agreement, a licensor grants intangible property rights to the licensee. This would include
A licensor grants intangible property rights to the licensee such as the copyright
Copy RightCopyright is a type of intellectual that shows that an individual as a legal right over an intangible property such as music, poem. other types of property right are :
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In the context of expanding one's professional network, ________ is an effective technique for learning about ideal jobs or careers that involves reaching out to and asking people about their own careers and jobs.
Peer mentoring is an effective technique for learning about ideal jobs or careers that involves reaching out to and asking people about their own careers and jobs.
What is Peer mentoring?Peer mentoring refers to a one-on-one relationship or experienced within a group. It is a relationship between people who are at the same career stage or age.
The peer mentoring is specifically more effective in expanding the professional network. Peer mentoring involves learning by reaching out to more experienced individuals in an organization.
Hence, Peer mentoring is an effective technique for learning about ideal jobs or careers that involves reaching out to and asking people about their own careers and jobs.
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An economic carrot, or incentive, is –. An economic stick, or punishment, is –.
An economic carrot, or incentive, corresponds to foreign aid. An economic stick, or punishment, corresponds to sanctions.
What is an economic carrot?It is a metaphorical expression used to designate a reward, that is, an aid that an economy can receive from another nation in a moment of crisis, for example.
Therefore, the expressions carrot and economic stick are metaphors that represent positive or negative causes and consequences on a country's economy.
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An investigator obtains consent and hipaa authorization from subjects to review their medical records and hiv status. She plans to go back to the medical record, so the hiv status information is stored along with subject identifiers in a database that she keeps on her laptop computer. What are some safeguards she could use to protect subject privacy and data confidentiality?.
To protect subject privacy and data confidentiality she should ensure are laptop is not accessed by anyone and also avoid clicking unknown links
What is Data Privacy?Data Privacy is a terms used to described how individual information is protected from exploitation by an unknown party.
It is considered an offence when we expose the the information of individuals with their concent.
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Answer: All of the above
Explanation:
While each of these options would be helpful independently, they would be most effective in protecting patient privacy when utilised together. Thus, "All of the Above" is the most correct response and therefore the accepted answer to this question.
Options
Storing her laptop in a secure, locked environment when not using itUsing data encryption and storing data on a secure cloud environment, not on her laptopHaving multi-factor authentication on her laptop to prevent others from accessing her deviceAll of the AboveList the steps in allocating costs to operating departments and preparing departmental income statements, with the first step on top. Instructions
Choice 1 of 3. Accumulate sales, direct expenses, indirect expenses by department toggle button Accumulate sales, direct expenses, indirect expenses by department
Choice 2 of 3. Allocate indirect expenses to service and operating departments toggle button Allocate indirect expenses to service and operating departments
Choice 3 of 3. Allocate service department expenses to operating departments toggle button Allocate service department expenses to operating departments
Accumulate sales, direct expenses, indirect expenses by department toggle button Accumulate sales, direct expenses, indirect expenses by department.
What is direct expenses?A direct expense is one that is proportional to the volume of a cost object. Any item for which you are assessing expenses, including as items, product lines, services, sales areas, workers, and consumers, is referred to be a cost object.
Thus, option A is correct
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What are two characteristics of the digital marketspace?.
Answer:
answers Businesses are well-connected with consumers Consumers are well-connected with other consumers Information specific to each consumer is stored in the digital space Consumers' digital activities are.
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Please help!!!!
nationwide furniture stores sells selectional sofa set but contracts with local delivery companies to provide furniture delivery for customer this is an example of commission, delegation, consignment, assignment
ANSWER: Consignment: a batch of goods destined for or delivered to someone
Explanation:
It is not commission because that is order granting the power to perform various acts or duties
it is not delegation because the act or process of delegating or being delegated
Process explanations follow a _________ pattern of organization. specific thorough chronological detailed
Process explanations follow a chronological pattern of organization. A chronological pattern organizes information according to the sequence of time. Chronological order is the order in which the events occurred, from first to last.
Organizational patternsThere are six key patterns for details,
simple listing, order of importance, chronological order, spatial development, cause and effect, comparison and contrastTherefore, the answer to the question is option C. chronological
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Energy-efficient jobs are growing! One job includes being a conservation scientist, which is part of the STEM job cluster. What is the best definition for a conservation scientist?
Answer: manage improve, and protect natural resources to maximize their use without damaging the environment.
Explanation:
hope its right
Your piggy bank is full. What will you do with the money inside of it?
Find a bigger jar and keep saving
Put the money in a bank account
Buy something that is super cool
Vote
Down below
Answer:
buy so.ething that is super cool
Explanation:
I LOVE SHOPPING AND SPEDING MONEY LOL!!!!
put the money in a bank account to save and build your credit and invest.
President carter’s first economic plan proposed decreasing government spending. challenging the oil embargo. increasing government spending. lowering the price of everyday goods.
The first economic plan that was proposed by President Carter upon resumption of office was to increase government spending.
What is an economic plan?These are plans that involves decision that will stimulate the economy condition of a country.
The proposed increase government spending was intended to make sure there is an increase money supply in the country.
Therefore, the Option C is correct.
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Answer:
The proposed increase government spending was intended to make sure there is an increase money supply in the country.Therefore, the Option C is correct.
Explanation:
Which activity in the maintenance phase requires that a formal process be established whereby users can submit system change requests
Obtaining maintenance requests is the activity that requires establishing a formal process for users to submit system change requests.
What is an automation system?It corresponds to the use of mechanical and computerized techniques to produce, command and control an optimized process, fast and based on total quality.
Therefore, automation systems help organizations process a large volume of data to generate relevant information for decision making.
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When a marketing manager sets prices for all items in a product line, seeking to produce a profit for the entire line but not necessarily each product, it is known as Blank______.
Answer:
product line pricing
Explanation:
a managers challenge when marketing multiple products is
When the money supply decreases a.interest rates fall and so aggregate demand shifts right. b.interest rates rise and so aggregate demand shifts right. c.interest rates fall and so aggregate demand shifts left. d.interest rates rise and so aggregate demand shifts left.
Interest rates rise when the money supply falls, shifting aggregate demand to the left.
That is Option D.
When the money supply is reduced, what happens?When the money supply is restricted, the interest rate rises, discouraging lending and investment. People save more when interest rates are higher, which affects private consumption.
A decline in aggregate demand growth results from lower consumption and investment. The money supply and interest rates are inversely proportional. A higher money supply lowers market interest rates, making borrowing more affordable for consumers.
A Smaller money supply, on the other hand, tends to raise market interest rates, making borrowing more expensive for consumers.
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The perfection obtained by filing a financing statement lasts for ______. A. five (5) years, and is renewable. B. five (5) years, and is non-renewable. C. ten (10) years, and is renewable. D. ten (10) years, and is non-renewable.
The perfection obtained by filing a financing statement lasts for A. five (5) years, and is renewable.
What is a perfection in a financing statement?
When the term perfection comes to play in the financing statement, what it means is that the secured party would not have to file a financing statement.
When this is the case, they would not not need to have a collateral or have much control.
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Assume that the united states current account balance is zero. If the united states dollar appreciates against the japanese yen, then demand for united states exports will:.
If the United states dollar appreciates against the Japanese yen, then demand for united states exports will increase.
What is Export?These are the goods and services produced in a country and sold into another country.
When the currency of United states dollar appreciates against the Japanese yen, there will be lesser cost in the production of such goods which will lead to increase in export demands.
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What piece of legislation, one of the most complex areas of federal civil law, was established in 1974 mainly to protect the employee pension system from employer fraud
Employee Retirement Income Security Act is established in 1974 mainly to protect the employee pension system from employer fraud.
What is Employee Retirement Income Security Act?The Employee Retirement Income Security Act serves as an act of 1974 that contains rules on the federal income tax to favor employees.
This act, provides employee with benefit plans and a protection against wicked employers.
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What was the most significant change in the american economy as a result of the civil war?.
During the Civil War, Republican Congresses established a series of laws that reconfigured the government-market relationship and set the foundation for the Gilded Age.
What changed economically after the Civil War?The society changed dramatically after 1800, as individual property rights grew more precious, Wage labor grew increasingly common, and the wealth gap between the rich and the poor widened.
States granted voting rights to all white men, making race the cornerstone of politics rather than property.
Thus, foundation for the Gilded Age was established.
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Stitch Fix is a successful online clothing company. One of the difficulties in running a clothing company is the need to have significant ________, a large number of items in each product line.
One of the challenges of running a clothing firm is the requirement for substantial product line depth, which means a big number of goods in each product line.
What is a product line depth?A product line is a collection of similar and comparably related products. A product line might include products that are connected by:
Functionality, Target audience, Price point, or Brand.The amount of products supplied under a product line is referred to as its product line depth.
Therefore, we can conclude that one of the challenges of running a clothing firm is the requirement for substantial product line depth, which means a big number of goods in each product line.
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The profit-maximizing rule leaves room for cases where it is both possible and reasonable for a firm to operate at a loss over the long run.
It is a false statement that profit-maximizing rule leaves room for cases where it is both possible and reasonable for a firm to operate at a loss over the long run.
What is a profit-maximizing rule?The rule of profit maximization says that MC = MR where the MC means marginal costs and MR means marginal revenue.
As all costs are variable in the long run, then, a firm must always set its profit to zero by ceasing operation.
Therefore, It is false that profit-maximizing rule leaves room for those cases.
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E. In cell L16, enter a formula using the AVERAGEIF function that averages the budget amounts for Action movie projects
The purpose of an AVERAGEIF function is to help one find the average of numbers that meet a certain criteria within a dataset.
What does an AVERAGEIF function do?The full question is not provided so the best I can do is to provide a general overview.
An averageif function is available in spreadsheets and is used to find the average of numbers in a range of data that meet a certain criteria.
For instance, if you want to average the budget amounts for Action movie projects, a relevant formula would be:
= AVERAGEIF(Projects, "Action movie", Projects[Budgets])
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