In recent decades, many world historians have challenged the commonly held view that Europeans controlled the largest share of world trade in the 17th-18th centuries
Which of the following evidence from the period would best support this historical reinterpretation?
A. Prices for Chinese goods were much higher in Europe than in China
B. European trading companies often backed their long-distance trading ventures with the threat of military force C. Asian trading companies dominated trade in the Indian Ocean region
D. European merchants transported only a fraction of the goods shipped globally

On January 1, Enco Co. purchases a milling machine for $15,000. The machine is expected to last seven years and have a salvage value of $1,000. Assuming the company uses the straight-line method, depreciation expense should be $ 2000 per year.

Depreciation is a non-cash expense that represents decreases in the value of fixed assets as a result of usage, time, consumption, obsolescence, wear and tear, etc. It is displayed on the income statement's debit side.

The formula used to calculate depreciation

The cost using the straight line method is depicted as follows: = (Original Milling Machine Cost -

(Recovery value) + (expected useful life)

= ($15,000 - $2,000) ÷ (7 years)

= ($14,000) ÷ (7 years)

= $2,000

This approach uses the same depreciation rate for the entire remaining useful life.

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Because both unimproved land and warehouses are real estate, trading one for the other is regarded as a like-kind exchange.

Warehouses are utilized by wholesalers, shipping businesses, manufacturers, importers, exporters, customs, etc. They are often large, uncomplicated buildings in industrial parks that are located on the outskirts of cities, towns, or villages. Warehouses frequently have docks for loading and unloading freight from lorries. For the purpose of loading and unloading cargo from trains, ships, and airplanes, warehouses can occasionally be designed expressly. They commonly use cranes and forklifts for moving things, which are frequently placed on ISO standard pallets before being loaded into pallet racks. The term "stored goods" refers to any materials used in manufacturing, production, or agriculture that are used as raw materials, packaging, spare parts, components, or finished goods. In India and Hong Kong, a warehouse is referred to as a "godown."

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Addison company budgets production of 2,440 units during the second quarter. information on its direct labor and its variable and fixed overhead is as follows: direct labor each finished unit requires 3 direct labor hours, at a cost of $9 per hour. variable overhead budgeted at the rate of $11 per direct labor hour. fixed overhead budgeted at $490,000 per quarter. 1. prepare a direct labor budget. 2. prepare a factory overhead budget.

ADDISON CO

DIRECT LABOR BUDGET

SECOND QUARTER

units to be produced                           2440            units

hours required for a unit                       3        hours per unit

total hours needed                             7320        hours

hourly rate                                            $9        per hour

budgeted direct labor cost                     $65880

total hours needed=units to be produced*hours required for a unit=2440*3=7320

budgeted direct labor cost=total hours needed*hourly rate=7320*$9=$65880

ADDISON CO

FACTORY OVERHEAD BUDGET

SECOND QUARTER

total hours needed                                                                     7320

applied rate of variable overhead per direct labor hour             $11

budgeted variable overhead                                                    $80520

budgeted fixed overhead                                                            $490000

budgeted total overhead                                                            $570520

budgeted variable overhead=total hours needed*applied rate of variable overhead per direct labor hour

budgeted variable overhead=7320*$11=$80520

budgeted fixed overhead is $490000

budgeted total overhead=budgeted variable overhead+budgeted fixed overhead=$80520+$490000=$570520

Budgets - A price range is a plan you write all the way down to decide how you may spend your money every month. A finances helps you make certain you'll have sufficient cash each month. with out a budget, you might run out of money before your next paycheck. A finances suggests you: how lots money you make.

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Addison company

Direct labor budget:

units to be produced 2440 units

hours required for a unit 3 hours consistent with unit

overall hours wished 7320 hours

hourly rate of $nine in keeping with the hour

budgeted direct hard work cost $65880  

total hours wished=gadgets to be produced*hours required for a unit=2440*3=7320

Manufacturing facility overhead budget

2nd zone

general hours needed 7320

applied price of variable overhead in keeping with direct exertions hour $11

budgeted variable overhead $80520

budgeted fixed overhead of $490000

the budgeted total overhead of $570520

budgeted variable overhead=general hours needed*implemented rate of variable overhead in step with direct exertions hour

budgeted variable overhead=7320*$11=$80520

budgeted constant overhead is $490000

budgeted total overhead=budgeted variable overhead+budgeted fixed overhead=$80520+$490000=$570520

budgeted direct labor fee=general hours wanted*hourly rate=7320*$9=$65880

A budget is a plan we write right down to determine how we spend our cash every month. Finance facilitates us to ensure we will have enough money each month. without finances, we would possibly run out of money before our next paycheck. Finances show how lots cash we make.

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As Tina established her objectives in the early stages of her ad campaign. To find out whether those objectives have been met at the end of the campaign, she will posttest. The Option E is correct.

In advertising, a post-test refers to an advertising test that allows you to measure the effectiveness of an advertising campaign to ensure that all its elements, as well as the advertising investment made, have met the desired objectives.

Furthermore, in the test method, the user attempts to find out the effectiveness of an advertisement in the light of consumers evaluation of the company & its brands of product.

Full options "a. initiate content analysis. b. conduct tracking. c. conduct feedback analysis. d. arrange for peer analysis. e. Posttest."

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Punctuation rule is illustrated by the sentence, Use a semicolon to join closely related independent clauses.

1. Parallelism Is Required for All Punctuation

This means that whenever a comma or a dash is used to break up a main clause, the same punctuation marks must be used both at the beginning and the end of the clause. It further implies that you cannot use a semicolon to distinguish between a single item in a list.

2. Every Clause Needs a Colon at the End

The main clause needs to end with a colon. A colon can be used to introduce a list, elaborate, or restate a sentence if it is already complete.

3. Semicolons Are Used to Emphasize Equally

In a compound sentence, a semicolon can be used in place of a coordinating conjunction to link two related independent clauses.

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Charging a higher price for a motel room to customers with dogs or cats than to customers with no pets is most likely an example of third-degree price discrimination.

Only when customers from various sub-markets are prepared to pay different prices for the same commodity is price discrimination conceivable. The impact of a price adjustment on the customer will also be the same if the elasticity of demand is the same.

When a business charges different prices to certain customer groups, it is engaging in third-degree price discrimination. As an illustration, a theatre may charge various prices for the same movie to seniors, adults, and children. The most typical kind of discrimination is this.

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Pioneering - tells people what the product is, what it can do, and where it can be found. Competitive-promotes a specific brand's feature and benefits Reminder-Reinforces a consumer's previous knowledge of a product.

In behavioral psychology, reinforcement is a effect carried out as a way to make stronger an organism's future behavior on every occasion that behavior is preceded through a particular antecedent stimulus. This strengthening effect may be measured as a higher frequency of behavior (e.g., pulling a lever extra frequently), longer period (e.g., pulling a lever for longer durations of time), more importance (e.g., pulling a lever with more force), or shorter latency (e.g., pulling a lever extra quick following the antecedent stimulus).

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The target market is the particular segment of customers (which may include businesses or individual consumers) that a company focuses its marketing efforts on.

A main demographic is a collection of potential buyers who you identify in order to market your goods or services to. Each subgroup can be split up into more compact units. Typically, segments are categorized according to age, region, income, and lifestyle.

The goal of selecting a target audience is straightforward: to focus marketing efforts by having a clear grasp of the potential buyers of a good or service. Businesses may create marketing efforts that appeal to and reach their consumer base by having a clear understanding of their target market.

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Banks keep a portion of their reserves in their own vaults statement is true as asked in the question.

Bank, a business that deals with money and its alternatives and offers other services involving money. A bank accepts deposits and disburses loans in its capacity as a financial intermediary.

A bank's job is to collect deposits from the general public and use those deposits as collateral for loans that support the growth of commerce, industry, and agriculture. Bank receives higher interest rates on loans and advances from depositors while paying lower interest rates to depositors on their deposits.

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Product bundle pricing is the pricing strategy involving pricing multiple products to be sold together.

In marketing, a product is an object, system, or service made available to consumers according to their demand. It is everything we can offer to the market to meet the wants and needs of our customers.

In retail, products are often referred to as commodities, while in manufacturing, products are purchased as raw materials and sold as finished goods. Services are also considered product types. Commodities are typically commodities such as metals or agricultural products, but commodities are also widely available on the open market.

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The statement that represents the correct journal entry to record a taxable cash sale of $1,080 if the sales tax rate is 5% is :B. A debit to cash for $1,134, a credit to sales tax payable for $54, and a credit to sales revenue for $1,080.

Based on the information given the appropriate entry to record this transaction is:

Journal entry

Debit Cash for $1,134

[$1,080 + ($1,080 × 5%)]

Credit Sales tax payable  $54

($1,080 × 5%)

Credit Sales revenue $1,080

(To record taxable cash sale)

Therefore the correct option is B.

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Just-in-time inventory assumes all of the following, except just-in-time inventory presumes first-in, first-out costing. Hence, option (3) is relevant.

The just-in-time (JIT) inventory system is a management tactic that immediately connects supplier orders for raw materials with production schedules. By acquiring products only as they are required for the production process, which lowers inventory costs, businesses use this inventory approach to boost productivity and eliminate waste. With this strategy, producers must precisely forecast customer demand.

Efficiency is increased and inventory is reduced using the just-in-time (JIT) inventory system. JIT manufacturing techniques reduce inventory costs since manufacturers obtain the supplies and components they require for production when needed and do not incur storage expenses. If an order is canceled or not completed, manufacturers are also not left with extra inventory.

One example of a JIT inventory system is a car manufacturer that uses low levels of inventory but heavily relies on its supply chain to deliver the parts it needs to construct cars as they are needed. Because of this, the manufacturer only orders the parts needed to assemble the vehicles after receiving an order.

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A correct statement about transaction brokers is that they:

b) Represent neither the buyer nor seller.

A transaction broker refers to the third party in a real estate transaction. one notable fact about transaction brokers is the fact that they do not represent the buyer or the seller.

Their only function is to be impartial as they provide useful information that will help the parties reach a reasonable conclusion on the subject matter in question. The transaction broker is a licensed professional and he ensures that the parties stick to the governmental regulations.

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Each business unit and department should have a clear understanding of the of the whole firm and have a departmental Strategy that complements and aids the overall execution of the firm.

A department or division's projects and actions that can help further develop the complete operations or areas of the business can be presented in a department strategic plan, an essential business document.

Departmental strategic plans give the department and its individual faculty members the framework to implement the higher-level institutional strategic visions through their existing and projected activities. An organizational chart for each department should be used to start and finish the strategic planning process.

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Firms in highly developed countries: tend to build extra performance attributes into products, but these attributes may not be demanded by consumers in less developed nations, where preferences are for more basic products.

A consumer is one who purchases the product for his/her very own want and makes use of or consumes it. A client can not resell the coolest, products or services but can devour them to earn his/her livelihood and self-employment. Definition of the client. The purchaser is the only one who's the end-user of any items or services.

Consumers are people or groups that purchase products or services. The term also refers to hiring goods and offerings. they're people or other financial entities that use a good or carrier. moreover, they do not sell the items that they bought.

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The statement is False. A de facto corporation has not substantially met the requirements of the state incorporation statute, and as a result, courts do not recognize it as a corporation for most purposes.

De facto comes from a Latin word that means “in reality or as a remember of reality.” In legal contexts, de facto describes what definitely occurs, in contrast with de jure, which explains what the law says should occur.

An instance of something de facto is a rule that humans usually comply with although it is not a legitimate process, a defacto technique. An instance of something de facto is a person who functions as a determine even though they are no longer related to the child, a defector figure.

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The fundamental premise of Equity theory is: .that people continuously monitor the degree to which their work environment is fair. Option D.

According to the theory of motivation known as equity, employees' feeling of fairness plays a significant role in what motivates them to do their best at work. Employees keep track of the inputs and outputs of their work in a mental ledger, which they use to assess how their inputs and outputs compare to those of others.

Employees who notice a state of inequity between them and their peers will experience demotivation and distress, in accordance with Adam's Equity Theory of Motivation. An employee might get dissatisfied, for instance, if they are aware that a colleague is receiving a higher income than they are for performing the same amount of labor.

The cornerstone of equity theory is the idea that we should constantly assess how "fair" our workplace is.

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Lonergan, Inc., a calendar year S corporation in Athens, Georgia, had a balance in AAA of $200,000 and AEP of $110,000 on December 31, 2014. In 2015, Lonergan, Inc., distributes $140,000 to its shareholders.

while sustaining an ordinary loss of $120,000. Calculate the balance in Lonergan's AAA and AEP accounts at the end of 2015.

A shareholder (within the u.s.a. often referred to as stockholder) of a organisation is an man or woman or prison entity (together with another business enterprise, a body politic, a trust or partnership) this is registered with the aid of the company because the felony owner of shares of the percentage capital of a public or personal organisation. Shareholders may be known as members of a business enterprise.

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Comparing the cost accounts for organizational units and deliverables uses direct labor budget rollup.

A direct labor budget establishes the total amount of labor hours required to create the units specified in the production budget. In addition to identifying the labor, complex labor budgets take this a step further.

Direct labor is generally regarded as including both regular working hours and overtime. Along with that, it pays for linked payroll taxes and expenses including Social Security, Medicare, Unemployment Insurance, & Worker's Compensation Insurance.

The direct labor costs are calculated by multiplying the total number of hours worked by the hourly rate of each employee. Every direct labor employee's gross pay is computed at the end of the pay period and added to the other employees' gross pay.

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The effective yield assuming the security is purchased on the issue date and held to maturity is 4.19%.

Effective Annual Yield is defined as the total profit or return on a bond received by an investor. The effective annual yield is different from the bond's nominal yield or coupon rate. Determine the market value or initial investment of stocks or bonds.

Determines income from investments. Divide market value by income. Effective Annual Yield - A simple rate of interest that an account would generate at the end of the year equal to the same amount if the account were compounded at the specified rate. Effective annual rates of return are often included in the information about investments and loans.

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Oligopoly is a situation in which a small number of businesses dominate the market and are extremely concentrated. Firms' entry and exit are also restricted. As a result, oligopolistic industries have high barriers to entry and a small number of dominant companies.

A market with a small number of businesses that are aware that their pricing and output strategies are interdependent is known as an oligopoly. Each company has some market power because the number of firms is small enough.

Oligopolies have existed in numerous industries throughout history, including the manufacturing of steel, oil, railroads, tire manufacturing, grocery store chains, and wireless carriers. Airlines and pharmaceuticals are two other industries with an oligopoly structure.

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False. distributive justice in legal proceedings provides individuals with rights such as prior notice, prohibited conduct, timely procedures, etc

In terms of perceived fairness of an allocation or, more generally, how people evaluate what they receive, distributive justice is meant. It certainly attracted organizational justice academics' attention first and has continued to draw a lot of attention.

Providing a "fair share" of the advantages and resources accessible to all members of society is the goal of distributive justice, often known as economic justice.

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Assume initial cost is $100. Then we will get straight-line depreciation rate in percentage directly as:

a. 4 years ? = 100/4 = 25%

The depreciable base of a fixed asset is divided by its useful life to determine straight-line depreciation. The depreciable base is the discrepancy between the total costs of an asset and its anticipated salvage value at the end of its useful life.

In order to determine the asset's straight-line rate, simply subtract the salvage value from the asset's cost to obtain total depreciation, then divide that amount by useful life to obtain annual depreciation. For example: annual depreciation = (purchase price - salvage value) / useful life.

Similarly for others:

b. 8 years ? = 100/8 = 12.5%

c. 10 years ? =  10%

d. 16 years ? =  6.25%

e. 25 years ? =  4%

f. 40 years ? =  2.5%

g. 50 years ? =  2%

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The concept of derived demand of labor means that B. Demand for labor is created from a demand for a good or service

The effects of a poverty trap can be reduced by C. initially decreasing the government payments by smaller amounts

The term "derived demand" in economics refers to demand for a good or service that stems from demand for another, related, or distinct good or service.

The demand for that product or service is the only link between derived demand and a product's or service's ability to acquire or produce another good or service.

Derived labor demand means that as the demand for a good increases, so does the demand for labor required to produce the good. The impact of the poverty trap can be mitigated by decreasing government payments by a smaller amount as income rises.

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The marginal revenue curve for a monopolist always lies beneath the market demand curve.  Thus, option B is correct.

The total income multiplied by the number of items being sold gives us the average revenue. The contribution margin often is comparable to the average earnings in a perfect market. This is due to the fact that market pressures as a whole turn every member into a price-taker.

A monopolist's marginal curve of revenue generally sits below the market demand curve. Consider moving one unit below the demand curve to a little greater volume but a somewhat lower price in order to figure out why by increasing the amount down on the demand curve.

Therefore, option B is the correct option.

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She is completing Tax Pro Review returns and is Always in BlockWorks Online. Option A.

If you're looking to add TAX Pro Review to your H&R Block Online offering, here's a quick and convenient way to get an expert review of your completed tax returns. The accountant should be able to confirm her tax return within three days.

Our accountant will review your completed tax return to ensure it is correct, as well as ensure that you receive the highest possible amount refunded. The most common reason the IRS examines tax returns is for what is known as the discriminant function system. The IRS uses computerized scoring models to score returns and score them based on the likelihood that changes will be required.

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A group of executives are trying to decide if they want to launch a new product. this decision is a non-programmed decision.

A non-programmed decisions are ill-structured and one-time decisions. The problems or situations that don't have a concrete set of rules or guidelines to follow rely on non-programmed decision-making. These  are complex and have a long-term impact.

Some examples of non-programmed decisions include Adopting and  Adapting to new technology, acquiring another organization and improving brand image.

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The number of shares authorized to Nortech Corporation, is 500, 000 shares.

The shares issued by Nortech Corporation is 200, 000 shares.

The shares outstanding from the shares issued is 197, 000.

The number of shares that were authorized to be issued by Nortech Corporation is shown in the question to be 500, 000 shares. The authorized shares are the amount of shares that a company might have in total, based on their corporate charter.

The number of shares issued is the shares that Nortech Corporation decided to place into the market, from the authorized share capital.

The number of issued shares is:

= Value of common stock account / Par value of stock

=  200, 000 / 1

= 200, 000 shares

The number of shares outstanding is:

= Issued shares - Treasury stock

= 200, 000 - 3, 000

= 197, 000 shares

The rest of the question is:

Find the following figures:

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The preparation of the segmented income statement for Countywide Cable Services, Inc. is as follows:

Countywide Cable Services, Inc.

For the year ended December 31

                                           Metro          Suburban     Outlying       Total

Service revenue             $1,150,000    $950,000   $550,000 $2,650,000

Variable expenses             190,000       140,000        90,000       420,000

Fixed Expenses:

Controllable                       410,000     330,000        160,000       900,000

Controllable by others     220,000      190,000         80,000       490,000

Common fixed expenses                                                                 145,000

Total expenses              $820,000   $660,000    $330,000   $1,955,000

Net operating income   $330,000   $290,000    $220,000     $695,000

Income-tax expenses                                                                   $345,000

Net income                                                                                   $350,000

A segmented income statement is the breakdown of the income statement into various segments.

Some of the business segments include:

Thus, preparing a segmented income statement enables management to monitor the performances of business units, understudy underperforming segments, and marshal improvement strategies.

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Net income and retained earnings for the current year are overestimated because expenses for the current year are understated.

After paying out dividends to its shareholders, a company's net income is what is known as retained earnings (RE).

The money that remains for a business after operational costs are subtracted from sales is known as net income (NI) or net earnings. By deducting dividend payments to shareholders, retained earnings goes a step farther.

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