When choosing a marketing channel or intermediary, it is important to ask several key questions, including which of these?

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Answer 1

A marketing channel or intermediary, it is important to ask several key questions, including which of these:

1. What are the reach and demographics of the channel/intermediary?
2. How will my target audience use this channel/intermediary?
3. What type of content performs best on this channel/intermediary?
4. What are the costs associated with using the channel/intermediary?
5. What resources do I need to manage the channel/intermediary?
6. What are the expected return on investment (ROI) from this channel/intermediary?
7. What type of data and insights can I expect from this channel/intermediary?
8. Are there any restrictions associated with the channel/intermediary?
9. What are the current trends related to this channel/intermediary?
10. What are the advantages and disadvantages of this channel/intermediary?

What is marketing channel?

Marketing channels are the different paths that goods and services must travel before they reach the consumer. These paths involve the movement of goods and services from their point of origin to their point of consumption. They are the means by which companies move their products from the production process to the consumer. Marketing channels can take many forms, including direct marketing, retail, or wholesale. The type of channel chosen will depend on the product or service being offered, the target market, and the company’s marketing objectives.

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if the dollar appreciates because of speculation or government policy, . question 2 options: aggregate demand shifts right. if other countries experience recessions, aggregate demand in the u.s. also shifts right. aggregate demand shifts left. if other countries experience recessions, aggregate demand in the u.s. also shifts left. aggregate demand shifts left. if other countries experience recessions, aggregate demand in the u.s. shifts right. aggregate demand shifts right. if other countries experience recessions, aggregate demand in the u.s. shifts left.

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Aggregate demand shifts left. If other countries experience recessions, aggregate demand in the U.S. also shifts left.

What is experience recessions?

Experience recessions refer to a period of economic decline or stagnation, typically lasting for several months or longer. During a recession, businesses experience a decrease in sales and profits, and people may experience a decrease in wages or job losses. The effects of a recession can be far-reaching, with a ripple effect on the global economy. During a recession, governments may implement policies to stimulate the economy, such as introducing measures to increase consumer spending, providing financial support to businesses, and reducing taxes. Ultimately, a recession can have an overall negative effect on the economic health of a country, but it can also provide an opportunity for economic growth and for businesses to re-evaluate and adjust their strategies.

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companies often refine their cost allocation systems to minimize the amount of cost distortion caused by the simpler cost allocation systems.
true
false

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It is true that Companies often refine their cost allocation systems to minimize the amount of cost distortion caused by the simpler cost allocation systems.

Which costing method has the lowest likelihood of causing cost distortion ?

Activity-based costing . Activity-based costing assists in effectively allocating costs to cost objects. Because it takes into account the various cost drivers and cost pools, the cost system will therefore be the one to lessen the distortion in costs.

According to the given information

To reduce the degree of cost distortion brought on by the simpler cost allocation systems, businesses frequently improve their cost allocation systems.

Companies can more fairly allocate indirect expenses (like MOH) to their respective occupations, products, or services by improving their costing methods.

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strategic planning for project management is the same as other forms of strategic planning: it is performed by executive management. true false

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The offered statement is accurate: executive management does strategic planning for managing projects, just like it does for other types of planning.

Why is strategic planning essential? What is it?

Strategic planning is a systematic process that aids in establishing goals for the future of your business and figuring out the best method for achieving them. Its main objective is to link those 3 key areas: your mission, which states the goal of your business. Goals should be used to describe your vision.

What is the first stage in a strategic plan?

A mission statement provides a corporation with a feeling of direction and purpose and serves as the basis for strategic planning. The stated mission of the organization defines who it is, what it does, and where it intends to go. Typically, missions are wide yet doable.

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john plans to fund his individual retirement account (ira) with the maximum contribution of $2,000 at the end of each year for the next 20 years. if he can earn 12 percent on his contributions, how much will he have at the end of the twentieth year?

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John plans to fund his IRA (Individual Retirement Account) with contributions of up to $2,000 at the end of each year for the next 20 years. If he can earn his 12% of dues, he'll have $144,105 by the end of 2020.

What is an Individual Retirement Account?

An Individual Retirement Account (IRA) allows you to save money that can be used to defer taxes when you retire. An IRA is an account opened with a financial institution that allows for tax-exempt growth or retirement savings on a tax-deferred basis.

What is the difference between a personal account and an IRA?

Investors typically use brokerage accounts for day trading, long-term investments, and saving for short-term financial goals such as buying a house or car. In the meantime, the IRA offers investors a tax deferral method for retirement savings. Having both types of accounts can be a smart financial move.

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under certain circumstances, investors are permitted to reduce the amount of the taxable income that they report by an amount that is intended to reflect the wear and tear of an asset over time. this is commonly referred to as:

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Depreciation is a commonly term used to describe this.

Where can I find the amount of my taxable income?

Schedule 1 or Form 1040 has a specific disclosure of all of this revenue. You may determine your total gross income by adding up all of the different types of income you have accrued over the course of the fiscal year.

Taxable income is any gross income that is utilized to calculate your tax liability. Simply explained, it is your adjusted gross income less any deductions. All compensation from employers, such as wages, tips, salaries, and bonuses, is included in this. Investments and unearned income are also included in the portion of your earnings or profits that is subject to tax.

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roberta (69) and henry (72) stein are married, retired and live together. roberta receives social security benefits in the amount of $18,420, and henry's social security benefits total $22,420. they both are using the married filing separately filing status. what is the roberta's maximum percentage of taxable social security benefits when her modified adjusted gross income (magi) is $30,426?

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Roberta's maximum percentage of taxable social security benefits when her modified adjusted gross income (magi) is $30,426 is 10%.

What is social security?

An independent department of the U.S. federal government called the Social Security Administration (SSA) is in charge of managing Social Security, a social insurance program that provides retirement, disability, and survivor benefits.

Most workers must pay Social Security taxes on their income in order to be eligible for most of these benefits; the claimant's benefits are determined by the wage earner's contributions. Otherwise, benefits like Supplemental Security Income (SSI) are distributed in accordance with need.

The Social Security Act of 1935 created the Social Security Administration, which is outlined in 42 U.S.C. 901 of the United States Code (49 Stat. 635). The "Social Security Board" was established in 1935, and in 1946 it adopted its current name. Kilolo Kijakazi serves as its acting leader at the moment.

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what aicpa standards does the service auditor use to conduct the soc 1 engagement and render an opinion?

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It is appropriate to report on controls at a service organization relevant to user entities internal controls over financial reporting using the SOC 1 attestation, which has replaced SAS 70.

What occurs if a company does a SoC audit without having a CPA certification?

A company that does a SOC audit but is not a CPA firm is not permitted to express an opinion regarding the information contained in the Description of Services and Results of Testing.

What SOC 1 and SOC 2 requirements does the AICPA have?

When offering auditing and other attestation services, such a SOC 1 or SOC 2 examination, an AICPA member "in the public practice should be independent in fact and appearance."

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question 2 what are the key purposes of discussing a case study during an interview? select all that apply.

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Working thru a case gives you the possibility to show problem-solving skills, quantitative reasoning skills, analytical skills, logical reasoning, communication skills, creativity, and the capability to think on your ft and work thru a problem in real time.

Which of the following are vital strategies when finishing a case study?

When completing a case study, it's vital to answer the question being asked. It's additionally essential to talk the steps you have taken to attain your conclusion and the assumptions you made about the data.

A case study interview can help the interviewers evaluate if a candidate would be a top in shape for the position. Sometimes, they would possibly even ask you a question that they definitely encountered. Understanding what the interviewers are looking for can help you better prepare for your answer.

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g the government reduces the corporate profits tax. as a result, corporate profits increase. this will

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The corporate earnings tax is decreased by the government. Corporate profits rise as a result. This will boost household non-labor income, resulting in higher consumption and less labor supply.

What do corporations profit from?

Current production earnings totals for corporations, broken down by industry. As a snapshot of corporate America's economic state and as a significant U.S. economic indicator, these numbers are extensively studied.

What is corporate profit so crucial?

The money that remains after a firm has paid each of its expenses is known as corporate profit. Another statistic released every quarter by the US Bureau of Economic Research is corporate profit (BEA). Due to the fact that it indicates a corporation's income, corporate profit is a particularly crucial metric for investors to consider.

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martinez corporation reported net sales of $777,000, net income of $130,000, and total assets of $7,754,184. the profit margin is:

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The profit margin is 598.0%. The profit margin is calculated by dividing a company's profit (sales minus all expenses) by its revenue. The profit margin ratio compares profit to sales and indicates .

How well the company manages its finances in general. It is always given as a percentage. Profit margins are often expressed as percentages. A profit margin of 60%, for example, means that a company profits $0.60 for every dollar of revenue generated. Profit margins can be positive or negative, and businesses with negative profit margins can still exist. It is given as a percentage. So, if the ratio is 25%, the company's gross profit margin is 25 cents on the dollar in sales.

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what have you learned about the value of time management and goal setting and why these behaviors are important for your future success?

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Good time management allows you to accomplish more in a shorter period of time, which leads to more free time, which lets you take advantage of learning opportunities, lowers your stress, and helps you focus.

What does management most commonly mean?

To accomplish a goal, tasks are coordinated and managed through management. These administrative tasks involve determining the organization's strategy and coordinating the staff's efforts to achieve these goals by utilizing the resources at hand.

Why is management so crucial?

Organizations would not succeed without managers, to put it simply. By creating growth with productive teams, managers significantly contribute to the sector. Overall, managers will always be an essential component of every organization because of their participation in activities like employing and training new staff.

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masulis inc. is considering a project that has the following cash flow and wacc data. what is the project's discounted payback?

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The following cash flow and WACC data pertain to a project that Masulis Inc. is thinking about. 2.22 and 2.44 years are the project's discounted payback periods.

How critical is cash flow?

Because it enables you to both meet your current financial responsibilities and make plans for the future, cash flow is crucial. However, small enterprises frequently face difficulties with cash flow.

What financial flow is the most crucial?

The lifeblood of a business is operating cash flow (OCF), which is arguably the most significant indicator investors have for assessing corporate health. Although many investors favor net income as a measure of a company's financial health, operating cash flow is frequently seen as a more accurate indicator for two key reasons.

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if a check correctly written and paid by the bank for $413 is incorrectly recorded in the company's books for $431, how should this error be treated on the bank reconciliation?

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The act of causing two persons or organizations to reestablish good relations after a dispute or conflict costs $18.

What is reconciliation's primary goal?

Reconciliation is an accounting procedure used to confirm that the money actually spent and the amount reported as leaving an account at the conclusion of a fiscal period are the same. Reconciliation is a routine task done by people and corporations to look for mistakes or fraud.

What else do you call reconciliation?

Conciliate is frequently synonymous with words like accommodate, adapt, adjust, and conform. Reconcile indicates the showing of the underlying compatibility of things that initially appear to be incompatible, even if all these words refer to "bringing one thing into correspondence with another." trying to come to terms

Briefing:

Difference = Right amount – Wrong amount = $431 - $413 = $18

Therefore, the difference of $18 will be added to the book balance to bring it into an agreement with the bank treatment as follows:

Bank correct treatment = $431

New book treatment = Wrong amount + Difference = $413 + $18 = $431  

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a pareto diagram a. shows causes and effects of quality problems. b. shows the prevalence of the various types of defects that have been found. c. is not useful when first studying a quality problem. d. has both upper and lower specification limits.

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The frequency of the different sorts of flaws that have been discovered is represented in a Pareto diagram.

What is the aim of a Pareto diagram?

Data's sorted frequency analysis are displayed in Pareto charts.

These charts are frequently used to determine the initial areas of process improvement to concentrate on. The values for the various levels of a nominal or categorical variable are displayed in Pareto charts in an orderly manner.

What are some examples of a Pareto diagram?

A graphical representation is a Pareto chart. The bars are ordered with the longest on the left as well as the shortest to a right. The widths of the bars signify frequency and cost (money or time), respectively.

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you purchase a home for $200,000 that you expect to appreciate 6% in value on an annual basis. how much will the home be worth in ten years?

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The home be worth in ten years is $358,169.53.

What is meant by future value?The worth of an asset at a future date is its future value. It is the present value multiplied by the accumulation function, and it represents the nominal amount of money that a particular amount of money will be "worth" at a certain point in the future under the assumption of a specific interest rate.The formula for future value (FV), in its simplest version, is FV= PV*(1+i)n, where "PV" stands for present value, I for interest rate, and "n" for the number of time periods.For instance, if you deposit $1,000 today at a 2% annual interest rate, it will be worth $1,020 in a year. Its future worth is thus $1,020.

Given data :

Present value(PV) is $200,000Interest rate(r) is 6%Number of years(N) is 10years

The formula for finding future value is

FV = PV(1+r)^n

= $200,000(1+0.06)^10

= $200,000(1.06)^10

= $200,000 x 1.790847697

= $358,165.53

Alternatively;

Lets use a financial calculator

N = 10; I/Y = 6; PV = -200,000; PMT=0; CPT FV= $358,169.53

NOTE: The difference in final value result is due to the rounding off of decimal point.

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sandor wants to go into the business of construction contracting. among the reasons that might convince sandor to set up his business as a sole proprietorship would be

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Due to its greater flexibility, Sandor might decide to structure his business as a sole proprietorship.

How do you define sole proprietorship?

A person who runs an unincorporated business alone is known as a sole proprietor. However, if you want to classify a household limited liability company (LLC) as a corporation and you are the only member, you are not a sole owner.

What does proprietorship serve as?

The key advantages of a sole proprietorship are indeed the pass-through tax benefit, the simplicity of formation, and the minimal startup and ongoing costs. You don't have to complete a ton of paperwork for a sole proprietorship, such as state registration forms.

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the balance sheet above shows the financial situation for the jamestown national bank. the central bank has set a required reserve ratio of 10%. if the bank does not sell any of its securities, what is the maximum amount of additional loans the bank in jamestown can undertake?

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C) $40,000, The bank in Jamestown could only generate an additional $40,000 in loans if it doesn't sell any of its investments. Applying for a loan for a line of credit from a lender reputed for swift clearance and money is the easy way to obtain a loan straight away.

Can you borrow money from a bank?

A personal loan can be received from a bank, credit union, card company, or online lender. You must typically give some basic financial and personal information when filing in person or online.

Required reserve

= 10% of Demand Deposits

=> Required reserve

= 0.1 x 200,000 = $20,000

Excess reserve

= Total reserve - Required reserve

= $60,000 - $20,000

= $40,000

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The actual question is:

The balance sheet above shows the financial situation for the Jamestown National Bank. The central bank has set a required reserve ratio of 10%. If the bank does not sell any of its securities, what is the maximum amount of additional loans the bank in Jamestown can undertake?

A.) $180,000

B.) $60,000

C.) $40,000

D.) $20,000

E.) $6,000

for the current period, jones started 15,000 units and completed 10,000 units, leaving 5,000 units in process 30 percent complete. how many equivalent units of production did jones have for the period? a. 10,000 b. 11,500 c. 13,500 d. 15,000

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There are 11,500 equivalent units of production did jones have for the period.

What is equivalent units of production?Equivalent units of production are used to measure the amount of work done on partially completed units of inventory. The calculation of equivalent units of production is based on how much of the production process is complete for each unit in inventory. It is calculated by dividing the total number of completed units by the total number of partially completed units. The result is the equivalent units of production. For example, if a company has 5,000 units of inventory with 3,000 completed and 2,000 partially completed, the equivalent units of production would be 5,000 divided by 2,000, which equals 2.5. This means that each partially completed unit is the equivalent of 2.5 completed units.

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at a selling price of $500,000 per mri, management expects to sell seven units next year and plans to produce a few extra machines. the extra units are for training, marketing, and temporary spare parts in case an installed mri fails and spare parts are needed. management has financing and production capacity to vary production between 7 and 10 units. how many mris do you expect management to produce? show your analysis that leads to this conclusion.

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intends to develop and sell seven units the following year. As a result, if a special order is approved, operational income would increase by $840,000.

By produce, what do you mean?

produced, producing is a verb that takes an object. to induce steam to be produced; to cause something to arise. to create anything by intelligence or artistic ability: to make a fantastic painting. to build cars for export; to manufacture; to make.

Briefing

The computation is shown below:

Offer price per unit $60

Less: Variable costs per unit:  

 Direct materials ($20)

 Direct labor ($14)

 Variable overhead ($12)

 Variable selling $0

Incremental profit per unit (a) $14

Units offered to sell (b) 60,000

Effect on Operating Income (Increase) (a × b) $840,000

Therefore, in the case when the special order is accepted, the effect on operating income would be increase by $840,000

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if the real interest rate is 11 percent and the price level is falling at a rate of 6 percent, what is the nomin

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If the real interest rate is 11 percent and the price level is falling at a rate of 6 percent, the nominal interest rate is 17 percent.

The nominal interest rate is the interest rate that is quoted or advertised, while the real interest rate is the nominal interest rate adjusted for inflation. The real interest rate reflects the purchasing power of money, while the nominal interest rate reflects the face value of money.

To find the nominal interest rate, you can use the following formula:

Nominal interest rate = Real interest rate + Inflation rate

Plugging in the values from the question, we can calculate the nominal interest rate as follows:

Nominal interest rate = 11% + 6% = 17%

So, in this case, the nominal interest rate is 17%. This means that the interest rate quoted or advertised by the lender is 17%.

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a product assembled of 10 purchased components, where the defective rate of each component is 0.5%, will result in finished product quality of

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Considering that each component has a 0.5% fault rate, the final output will have a quality rating of 95.11 percent.

Why is product quality so important?

No matter how pricey a product is, customers always come back when it's good. A top-notch product encourages unwavering customer loyalty, which boosts leads. Once they find a company they can trust, customers tend to come back, make more purchases, and recommend their goods or services to others.

What is a good example of a product?

Free refreshments on flights, perpetual press and cotton cycles in washing machines, and automatic tuners on color televisions are a few examples. It might be challenging to make a clear distinction between primary and secondary product attributes, such as performance and features.

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the high level of fault which serves to disqualify an out-of-work worker from unemployment compensation is called:

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Willful Misconduct is the severe wrongdoing that excludes a jobless person from unemployment benefits.

What does it mean to be recompensed?

Because you are paid to go somewhere you'd prefer not to be and do something you'd prefer not to do, your salary is referred to as compensation.

What are benefits of compensation?

Benefits and compensation are crucial components of the human resource management because those who support retention. These rewards motivate staff to work harder and achieve more. It allows the business to reward its staff based on their performance and motivates them to achieve in all they do.

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the indian retail market is very fragmented with many small independent stores. the distribution structure in india typically involves two levels of distributors (large regional wholesalers and smaller city-wide wholesalers). all of these lead to a long distribution channel. homer products is concerned about india's long distribution channel for its products. what is a drawback of longer distribution channels that could affect homer product's decision?

Answers

Acme Products is worried about how long the distribution chain for its goods is in India. Longer distribution channels have the disadvantage of higher aggregate markups.

Small independent stores make up a large portion of the highly fragmented Indian retail market. In India, there are normally two levels of distributors in the distribution chain (large regional wholesalers and smaller city-wide wholesalers). Due to all of these factors, India has a lengthy distribution network.

In comparison, figuring out profit margins is simple. Additionally, as illustrated in the appendix, if the profit margin rises as excess demand rises, the markup will generally rise as well.

Aggregate productivity growth, broadly speaking, evaluates how much quicker output (GDP) is expanding in comparison to the rise in inputs (labour and capital). Growth accounting is the practice of distinguishing overall production from input growth.

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he decision about approval and justification of new technologies would fall into which one of the five major it decision categories?

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Option (e) is Correct. New technology clearance and justification decisions would fall under the areas of IT investment and prioritizing decisions.

Federal: The center and the business units coordinated IT decision-making. IT duopoly: Decisions about IT are made jointly by IT executives and another group (such as senior executives or business units). Similar to the federal government of the United States, federal IT offers great centralization. In this kind of business administration, IT maintains central control over the majority of its IT infrastructure. This architecture for IT governance complies with COSO controls.

Stakeholder boards, senior leadership teams, project working groups, and project oversight committees are some frequent names for project steering committees. They manage projects from beginning to end and offer direction and support all the way through the project lifetime. C-level executives are often regarded as the most powerful and influential people within an organization; as a result, they determine the company's strategy, make crucial choices, and make sure that daily operations are in line with achieving the company's strategic goals.

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Correct Question:

The decision about approval and justification of new technologies would fall into which one of the five major IT decision categories?

a) IT principles

b) IT architecture

c) IT infrastructure

d) Business application needs

e) IT investment and prioritization

land appraised at $81,000 is purchased by issuing 1,000 shares of $15 par value common stock. the market price of the shares at the time of the exchange, based on active trading in the securities market, is $98 per share. should the land be recorded at $15,000, $81,000, or $98,000? the land should be recorded at $

Answers

In light of the posed query According to trade, the property should be registered for 95,000 dollars.

What exactly does stock mean?

In general, the ownership documents of any corporation are referred to as stocks. On the other side, a share alludes to a specific company's stock certificate. You become a stakeholder if you own shares of a certain corporation. Description: There are two sorts of stocks: common and preferred.

What are stocks and what kinds are there?

Stocks are investments made in publicly traded companies. Common shares or preferred stock are the two major forms of stock that are frequently issued when a corporation sells shares of the company to the general public.

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what resources are important for a country to produce capital-intensive goods? multiple select question. an industrially advanced economy an abundance of inexpensive labor large amounts of capital vast amounts of land

Answers

The resources are important for a country to produce capital-intensive goods Large amounts of capital

An industrially advanced economy

Which of the following is a commodity that requires a lot of capital to produce?

Even when the industry is experiencing a downturn, these costs must be covered. Automobile manufacture, oil extraction and refining, steel production, telecommunications, and transportation sectors are a few examples of capital-intensive industries (e.g., railways and airlines).

What are the four production forces that work together to contribute to the quizlet's riches of nations?

Physical capital, human capital, and technological knowledge are examples of factors of production that support rising GDP per capita. The enforcement of property rights is one of the institutions that encourage economic growth.

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monitoring receivables to make sure customers are paying their bills on time is an example of control. a.operations b.structural c.physical d.financial e.strategic

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Monitoring receivables to make sure customers are paying their bills on time is an example of  d.financial control.

What are Financial Controls?

Financial controls  can be described as the procedures, policies, as well as the means by which an organization monitors and controls the  as well as the allocation, and usage of its financial resources.

It should be noted that the Financial controls can be very essential in the process of the resource management and operational efficiency in any organization.

Therefore, option D is correct.

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advertising encompases three primary objectives. one objective is to remind customers of the need for the product or service and the benefits it provides. a second objective is to persuade customers try a new product, remain loyal, or switch brands. what is the third primary objective of advertising?

Answers

The third primary objective of advertising is to reminds people about the need for a product or service, or the features and benefits it will provide when they purchase promptly.

What is an advertisement?

Advertising refers to techniques and practices used to bring products, services, opinions, or causes to public notice for the purpose of persuading the public to respond in a certain way toward what is advertised.

Most advertising technique involves promoting of  good that is for sale, but similar methods are used to encourage people to drive safely, to support various charities, or to vote for political candidates, among many other examples.

In many countries, advertising is most important source of income for the media (such as newspapers, magazines, or television stations) through which it is conducted. In the noncommunist world, advertising is a large and important service industry

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that part of a property and liability insurance contract that contains information about the property or activity to be insured is called the

Answers

The part of a property and liability insurance contract that contains information about the property or activity to be insured is called the declarations.

What is declarations?

The front page of a policy including information specific to each insured, such as the named insured, address, policy period, location of the premises, policy limits, and other vital details. The information page is another name for the declarations page.

What does an insurance policy's declarations page contain?

The first page of your vehicle or homes insurance policy are the insurance policy declarations page, commonly referred to as a "dec page." While they both have the same broad function, they differ in the precise information they contain on the insurance policies you have for your home or vehicle(s).

What does your house insurance's declaration page look like?

The insurance provider will provide you with a "Declarations Page" when you buy a homeowners insurance policy, renew your policy, or make any modifications to your coverage. Your coverage types, quantities, and associated costs are listed on the Declarations Page.

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if clark company purchases for cash $80,000 of target company 10% bonds at 100 plus accrued interest of $640, the journal entry will include a

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if Clark company purchases for cash $80,000 of target company 10% bonds at 100 plus accrued interest of $640, the journal entry will include credit to Cash for $80,640.

Each journal entry includes information relevant to a particular business transaction, such as the date, the amount to be credited and debited, a brief description of the transaction, and the accounts involved. Depending on the firm, it may include a list of impacted subsidiaries, tax information, and other information.

It is critical to enter entire journal data precisely so that the general ledger and financial reports based on this data are similarly accurate and thorough. Recurring journal entries can be templated and executed automatically using current accounting software, reducing the possibility of mistake.

Journal entries are created in chronological sequence and adhere to the double-entry accounting system, which means that each has a credit and a debit column. Even when debits and credits are connected to different accounts, the amounts in each columns must be the same.

Investments in Target Company Bonds = 80,000/

Interest Receivable = 640 /

Cash. / 80,640

The journal entry will include a credit to Cash for $80,640.

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