17.
For mark-ups m and k, an increase in price
elasticity of demand is associated with
a.
an increase in markup.
b.
a decrease in markup.
c.
no change in markup.
d.
cannot be determined from the infor
Answers
An increase in price elasticity of demand is associated with a decrease in markup. The correct option is option B.
The markup is defined as the difference between the price charged by a firm and the marginal cost of producing the good. It represents the firm's ability to set prices above the cost of production and capture some additional profit.
Price elasticity of demand measures the responsiveness of quantity demanded to a change in price. When demand is elastic, a small change in price leads to a proportionally larger change in quantity demanded, indicating that consumers are sensitive to price changes.
On the other hand, when demand is inelastic, quantity demanded is not very responsive to price changes, indicating that consumers are less sensitive to price.
An increase in price elasticity of demand implies that consumers have become more responsive to price changes. In this case, the firm faces a more competitive market environment, where small price increases may lead to significant decreases in quantity demanded.
To remain competitive and maintain sales, the firm would need to decrease its markup, i.e., reduce the difference between price and marginal cost. This adjustment allows the firm to lower prices and attract more price-sensitive consumers.
Therefore, the correct answer a decrease in markup, when there is an increase in price elasticity of demand.
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Related Questions
Which type of credit involves a set limit based on what a consumer pays up front?
Loans
Installment credit
Secured credit cards
Unsecured credit cards
Answers
Answer:
Secured credit cards
Explanation:explanation: Secured credit cards refer to credit cards that offer credit secured by a cash deposit from the cardholder. The deposit secures the card issuer from loss in case the cardholder is unable to cover the debt.
Answer:
Secured credit cards
Explanation:
6. A pathway in which products reach the consumer is known as
I
Answers
Answer:
A distribution channel
Explanation:
A distribution channel is the network of business entities and individuals involved in availing a product or service to the final consumer. Distribution channels are called marketing distribution channels or marketing channels. They comprise manufacturers, distributors, wholesalers, and retailers that participate in getting goods or services to consumers.
A distribution channel may direct or indirect. An indirect channel has many intermediary business organizations, which makes the retail price to be high. A direct channel is very short. It allows customers to buy directly from the manufacturer.
what do you understand by attributes in HTML?
this question is of computer.
Answers
What are the benefits temporary employment offer employers?
Answers
1. They usually don't have to pay for thr insurance of the worker.
2. They can generally sack the worker out when there is no work.
3. The workers don't generally get pensions.
Last year, $3,155.24 was withheld from your pay for federal taxes. When you calculate the amount of federal tax you owe, it comes to $2,791.80. What does this mean?(1 point)
A. You must pay an additional $363.44.
B. You have lost $363.44.
C. The remaining $363.44 will be applied to your state taxes.
D. You will get $363.44 refund from the government.
You will get $363.44 refund from the government.
Answers
The fact that your federal taxes paid were more than you calculated means that D.You will get $363.44 refund from the government.
What happens when we overpay taxes?
while someone pays an excessive amount of in taxes, the inner sales provider may be capable of come up with a refund for the quantity that you overpaid.
In this case, that amount would be:
= 3,155.24 - 2,791.80
= $363.44
To get the refund, you would have to fill in your annual tax returns and the Internal Revenue Service would find the refund.
In conclusion, you can expect a tax refund of $363.44 from the government.
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using the 2022 corporate tax rate: required: what are the tax liability, the marginal tax rate, and the average tax rate for a corporation with $248,300 taxable income? what are the tax liability, the marginal tax rate, and the average tax rate for a corporation with $39,253,000 taxable income?
Answers
Due to the passing of the Tax Cuts and Jobs Act of 2017, there is a 21% tax rate. Corporate tax rates are flat; the flat rate is also the same for average and marginal tax rates. Tax reductions take a variety of shapes. Governments may lower taxes on earnings, sales, purchases, or assets.
a) business with a $248,300 taxable income
$52,143 in tax liabilities ($248,300*21%)
the 21% marginal tax rate
21% on average for taxes
b) A company having $39,253,000 in taxable income:
$8,243,130 in tax liabilities ($39,253,000*21%)
the 21% marginal tax rate
21% on average for taxes
The reduction may take the form of a one-time refund, a decrease in the overall rate, or a tax credit. Tax reductions also cover additional tax advantages including credits, deductions, and tax breaks.
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should the government wish to lower the price of gasoline to the consumer, one approach might be
A. to lower taxes on automobiles
B. to raise the gasoline excise tax
C. to take action to shift the supply curve of gasoline to the left
D. to reduce the gasoline excise tax
Answers
If the government wishes to lower the price of gasoline to the consumer, one approach might be to reduce the gasoline excise tax (Option D).
This tax is a tax on each gallon of gasoline sold, and reducing it would lower the cost of producing gasoline and allow suppliers to lower their prices. Lowering taxes on automobiles (Option A) would not directly affect the price of gasoline, and raising the gasoline excise tax (Option B) would increase the price of gasoline. Taking action to shift the supply curve of gasoline to the left (Option C) would decrease the quantity of gasoline supplied, potentially leading to higher prices.
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Dynamic capabilities refer to ? intangible resources needed to assess & implement enhancements intangible and tangible resources needed to assess and implement enhancements how the organization defines & distinguishes itself the dynamic costs that potentially exist within the organization Question 7 1 pts Drawn from Porter's Producer Strategy concepts and the Value Discipline model in your text, if your firm focuses on selling a tailored motorcycle to a high-end niche consumer segment, the value discipline that is being focused upon by your firm is? Customer Intimacy Product Leadership Operational Excellence Product Differentiation
Answers
Dynamic capabilities refer to intangible and tangible resources needed to assess and implement enhancements. The main answer to this question is Option B i.e. intangible and tangible resources needed to assess and implement enhancements.
The term dynamic capability is defined as the ability of an organization to renew and recreate its strategic assets in response to changes in the external environment. It implies a continuous development process of new products, services, and internal systems to improve the firm's effectiveness and efficiency. The dynamic capabilities theory states that companies that are better able to integrate, build, and reconfigure their internal and external resources are more capable of adapting to change, and hence are more competitive and innovative.
Drawn from Porter's Producer Strategy concepts and the Value Discipline model, if a firm focuses on selling a tailored motorcycle to a high-end niche consumer segment, the value discipline that is being focused upon by the firm is customer intimacy. A firm's success depends on its ability to create superior value for its customers. The Value Discipline model, as explained in the text, suggests that firms can focus on one of three value disciplines: operational excellence, customer intimacy, or product leadership.
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which of the following is true when the price of a good or service rises? a.the total value of purchases before and after the price change is the same. b.some buyers exit the market. c.buyers who were already buying the good or service are better off. d.the total consumer surplus in the market increases.
Answers
Answer: C, Any time a seller and a buyer engage in a market transaction, the cost of the good or service.
when a product's cost increases or decreases What alters?The law of supply and demand combines two key economic ideas to describe how changes in the price of a resource, item, or service affect its supply and demand. Demand declines when the price rises, but supply increases. On the other hand, as the price drops, supply becomes limited and demand rises.
What will happen to the pricing if there is an excess of the commodity or service?The price will decrease whenever there is a surplus until the surplus disappears. When the surplus is removed, the quantity supplied and the quantity required are exactly equal, meaning that producers want to sell and consumers want to buy the same amount.
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Someone please help will mark as brainliest
Answers
Answer:
divide by the table and lilly pads
Explanation:
well how long is the table you divide the table from the number of lilly pads and there you go
Which type of business plan is used primarily for the owner and other employees to organize the structure, finances, and plans for future growth?
Answers
The type of business plan that is primarily used by the owner and other employees to organize the structure, finances, and future growth plans is the lean business plan.
What is a lean business plan?Corresponds to a document where the essential characteristics are laid out for a business to be well positioned and competitive in the market. It contains the strategy, tactics and execution so that the objectives and goals are achieved in the medium and long term.
It is essential that organizations develop a lean business plan that is targeted to their needs and aligned with their market demands.
Therefore, the lean business plan assists in the continuous management to achieve quality, structure and effective systematization of processes.
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What are the three 3 objectives of financial planning?
Answers
objectives of financial planning are identifying the investment, resource, and financial needs of the future. choosing the financial sources. efficient administration or use of these monies. locating plan's dangers and problems.
What does the phrase "financial planning" mean?In order for a company to fulfill its strategic goals and objectives, financial planning must be done. The Financial Plan is often developed by a corporation as soon as the vision and goals have been established. According to common usage, a financial plan is a thorough assessment of a person's present earnings and future financial condition that uses currently available information to forecast future earnings, asset values, and withdrawal schedules.
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JohnBoy Industries has a cash balance of $42,000, accounts payable of $122,000, inventory of $172,000, accounts receivable of $207,000, notes payable of $117,000, and accrued wages and taxes of $35,500. How much net working capital does the firm need to fund?
Answers
The net working capital the firm needs to fund is $146,500. It is important for a company to have a sufficient amount of Net Working Capital to run its business smoothly. Inadequate working capital may lead to financial problems and may hinder the growth of the company.
Net Working Capital refers to the difference between the assets and the liabilities of a company. In other words, it is the amount of funds required by a company to operate its business smoothly. It is the amount of money required by a business to meet its financial obligations. It helps in the efficient functioning of a business. It is the difference between current assets and current liabilities.
Given,
Cash balance = $42,000
Accounts payable = $122,000
Inventory = $172,000
Accounts receivable = $207,000
Notes payable = $117,000
Accrued wages and taxes = $35,500
Net Working Capital (NWC) = Current Assets - Current Liabilities
Current Assets = Cash balance + Inventory + Accounts receivable
= $42,000 + $172,000 + $207,000
= $421,000
Current Liabilities = Accounts payable + Notes payable + Accrued wages and taxes
= $122,000 + $117,000 + $35,500
= $274,500
Net Working Capital (NWC) = $421,000 - $274,500
= $146,500
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What are the similarities and differences in the purchasing
functions at a for profit versus a not for profit organization?
Answers
Explanation:
I hope this answer is helpful ):
On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $4,000,000 for $5,000,000. Rigsby appropriately uses the installment sales method of accounting for this transaction. Terms called for a down payment of $490,000 with the balance in two equal annual installments payable on December 15, 2022, and December 15, 2023. Ignore interest charges. Rigsby has a December 31 year-end. In 2021, Rigsby would recognize realized gross profit of:
a. $1,400,000.
b. $126,000.
c. $450,000.
d. $0.
Answers
Of all of the emerging industries, choose one or two and discuss why you think this industry is so up and coming in the world. Would you ever want to work in this industry? Why or why not?
(THIS IS CRITICAL THINKING!!!)
Answers
Renewable energy encompasses a variety of sources, including solar, wind, hydro, geothermal, and biomass, and offers numerous benefits. For one, it reduces our reliance on nonrenewable resources, such as oil and gas, which are finite and emit harmful pollutants when burned. Renewable energy sources, on the other hand, are clean and emit little to no greenhouse gases, making them a more environmentally-friendly option.
In addition, the renewable energy industry is creating jobs and stimulating economic growth. As more companies invest in renewable energy, new jobs are being created in areas such as installation, maintenance, and research and development. This can also lead to the growth of local economies as companies establish new facilities and infrastructure.
Personally, I would be very interested in working in the renewable energy industry. I believe that it is a rapidly growing field that is making a positive impact on the environment and our society. Working in this industry would allow me to contribute to the development of new technology and solutions to the challenges we face related to energy and climate change.
Another emerging industry that is gaining attention is the field of artificial intelligence (AI). AI is rapidly changing the way we live and work, with applications in fields such as healthcare, transportation, and finance. AI technologies, such as machine learning and natural language processing, are being developed to automate tasks, improve efficiency, and enable new capabilities.
However, the growth of AI also presents challenges and concerns, such as the potential for job displacement and the ethical implications of using AI in decision-making processes. As such, the industry is still in a period of rapid evolution and uncertainty.
Personally, I find the field of AI fascinating and believe it has the potential to make significant positive impacts on society. However, I am also mindful of the potential risks and ethical considerations involved in developing and deploying AI technologies. As such, if I were to work in this industry, I would want to ensure that I am contributing to the development of responsible and ethical AI solutions.
Of all of the emerging industries, choose one or two and discuss why you think this industry is so up and coming in the world. Would you ever want to work in this industry? Why or why not?(THIS IS CRITICAL THINKING!!!)
Baylor Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of business are $156,800, $198,200, and $217,600, respectively, for April, May, and June. Depreciation, insurance, and property taxes represent $28,800 of the estimated monthly manufacturing costs. Insurance was paid on March 31, and property taxes will be paid in November. Three-fourths of the remainder of the manufacturing costs are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month. The cash payments for manufacturing in the month of June are:___________.a. $212,750b. $183,200c. $183,950d. $217,600
Answers
Answer:
c. $183,950
Explanation:
The calculation of cash payments for manufacturing in the month of June is shown below:-
Cash payment = 3 ÷ 4 × June Manufacturing Costs + 1 ÷ 4th × May Manufacturing Costs
= ($217,600 - $28,800) × 3 ÷ 4 + ($198,200 - $28,800) × 1 ÷ 4
= $188,800 × 0.75 + $169,400 × 0.25
= $141,600 + $42,350
= $183,950
So, we have applied the above formula.
WILL GIVE POINTS I need help choosing a subject for this assignment
In the United States, business regulations have been evolving since the 1800s. Chose an aspect of federal regulation of business practices, such as workplace safety, finance reform, or consumer protection, and create a presentation that is a timeline identifying five key factors that contributed to the definition and implementation of the regulation as it is enforced today. You can go online and research significant regulations or legislation; many of the federal agency websites may be of value. For each one, including the following information:
Date it was passed
Circumstance that motivated it
Who it benefits and why
You can use the presentation software of your choice for this assignment. Make sure that you are using reputable websites and include a list of at least three appropriate websites at the end. Your presentation should be well organized, free of mechanical errors, and easy to read.
Answers
The tax (excise tax) is an example of federal regulation of business practices.
Why was the Excise tax set up?The United States Constitution established tariffs and excise taxes, and Alexander Hamilton, the country's first secretary of the Treasury, suggested using them to charge foreign imports in 1789.
The people that benefit from the excise tax is the government. It was said to be first set up for revenue generation. When compared to other options like income taxation, excise taxes may provide large government revenue at a lower political or economic cost.
Therefore, One of the most prevalent taxation methods used by the federal government is the excise tax. This also holds true for particular products or services like alcohol, tobacco, and gasoline. This can also be accomplished by increasing prices for consumers in order to pass on the tax expense.
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Nerida Kyle is thinking of buying a car to avoid taking Lyft to work. She is using the cost-benefit principle to evaluate this decision and is calculating the costs and benefits to owning the car over the next year. She's gathered the following information to help her make her decision: • The car costs $15,000 to purchase, but she can resell it after a year of use for $13,500. • She thinks gas will cost her about $1.200 for the year. • The annual insurance premium for her car is $800. • Maintenance and repairs will cost about $300 for the year. • Using Lyft to get to work would cost her $4,000 for the year. The cost of the car for the year is: a. $4,000 b. $1,500. c. $3,800. d. $7,800
Answers
Nerida Kyle's car will cost less than lyft and will cost $3800 over the course of the year.
How much is the overall cost?The sum actually paid for the conversion shares, which includes both the Purchase Price and the Conversion Price, is referred to as the "Total Price".
Below is a step-by-step breakdown of how to calculate the selling price per unit: Calculate the total cost of all the units you are buying. Calculating the cost price involves dividing the total cost by the number of units purchased. The final price should be determined using the formula for selling price, SP = CP + profit margin.
Based on the total amount she will spend on the automobile for the year, the cost of the car will be determined. The procedure is as follows:
Total cost = Cost price - Selling price
The cost of the car will be determined by adding up all of the costs in the following ways:
Cost price= $15000 + $1200 + $800 + $300
Adding to the right and left sides of the equation
Cost price = $17,300
Total cost for the year = 17,300 - 13,500
Subtracting from the Right and Side of the Equation
Total cost = $3,800
Nerida Kyle will therefore spend $3,800 on a car since it is preferable to a lift.
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The complete question is:
Nerida Kyle is thinking of buying a car to avoid taking Lyft to work. She is using the cost-benefit principle to evaluate this decision and is calculating the costs and benefits to owning the car over the next year. She's gathered the following information to help her make her decision: The car costs $15,000 to purchase, but she can resell it after a year of use for $13,500. She thinks gas will cost her about $1,200 for the year. The annual insurance premium for her car is $800. Maintenance and repairs will cost about $300 for the year. Using Lyft to get to work would cost her $4,000 for the year. The cost of the car for the year is:
People with similar occupational, educational, and economic characteristics are said to share the same:______.
Answers
People with similar occupational, educational, and economic characteristics are said to share the same Socioeconomic status.
A family or an individual may fall into one of three socioeconomic status categories to describe their relative position to others. In recent years, experts have become more and more interested in the topic of economic disparity and how it affects public health.
How does socioeconomic status affect society?People who live in neighborhoods with low socioeconomic levels frequently encounter many illness risk factors concurrently. For instance, low income might result in unstable housing, inferior nutrition, and residing in noisy and polluted locations, all of which raise the risk of illness.
An approach to defining people based on their level of education, income, and employment. Low, medium and high socioeconomic status are the most common categories. The availability of financial, educational, social, and health resources is typically restricted for those with a lower socioeconomic position compared to those with a higher status.
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How a group is arranged in regards to leadership, governance, rules for operation and decision making is called _______ structure.
Answers
1. Make a list of 5 products that you have purchased recently. Label each item in your list with what category of product it is based on durability and consumer buying habits
Answers
This categories listed are based on the assumption that the products are intended for personal use rather than commercial use.
Any good or service you offer to satisfy a customer's need or desire is a product. There are both real and virtual ones. Durable things, such as automobiles, furniture, and computers, are examples of physical products. A product is also the thing that is being sold.It might take on a physical, virtual, or cyber form.
Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that may be charged.nondurable products (such as food and drinks).
Here are five products that I recently purchased, along with their category based on durability and consumer buying habits:
With labels:
Apple iPhone 12 Pro - Electronics
Dole Bananas - Fresh produce
Seventh Generation Laundry Detergent - Household cleaning supplies
Chobani Greek Yogurt - Packaged food
Fresh Direct Grocery Delivery - Food and groceries
The categories listed are based on the assumption that the products are intended for personal use rather than commercial use.
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Which of the following could explain why a firm is a monopoly? Select one or more answers from the choices shown.
a. Patents.
b. Economies of scale.
c. Inelastic demand.
d. Government licenses.
e. Downsloping market demand.
Answers
A firm can be a monopoly due to **inelastic demand** and a **downsloping market demand** curve.
Inelastic demand occurs when the percentage change in quantity demanded is less than the percentage change in price, indicating that consumers are not highly responsive to price changes. This could give a firm significant market power, allowing them to set prices without losing a large number of customers, resulting in a monopoly. A downsloping market demand curve implies that as the price of a product decreases, the quantity demanded increases. This characteristic may lead to a monopoly if a firm can take advantage of economies of scale and effectively lower its production costs, driving competitors out of the market. In this case, the firm would become the sole supplier of the product, establishing a monopoly in the industry.
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What groups are especially hard hit by poverty?
Answers
Children under the age of 10 are especially hard hit by poverty.
Suppose the CPI level is 295.00 at the beginning of a year and 303.00 at the end of that year. What was the inflation rate for the year? %. (Note: answer should be listed to two decimal places.)
Answers
The inflation rate for the year is 2.71%.
What percentage represents the increase in CPI?The inflation rate is calculated by finding the percentage change in the Consumer Price Index (CPI) from the beginning to the end of a specific period. In this case, the CPI level at the beginning of the year was 295.00, and at the end of the year, it was 303.00. To calculate the inflation rate, we need to find the percentage change between these two values.
First, we calculate the difference between the ending CPI and the beginning CPI: 303.00 - 295.00 = 8.00.
Next, we divide this difference by the beginning CPI: 8.00 / 295.00 = 0.0271.
To express this as a percentage, we multiply by 100: 0.0271 * 100 = 2.71%.
Therefore, the inflation rate for the year is 2.71%.
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You borrow a full amortized mortgage of $200,000 at 5% rate for 20 years with monthly payments. 1. Monthly payments,
a. $1319.91
b. $1359.18
c. $1532.11
d. $1219.11
2. Principle payment during month 1 , 3. The outstanding loan balance if the loan is repaid at the end of year 2 , 4. Total principal through year 2 , a. $12565.98 b.\$13876.25 c. $12254.9 d. $14123.68 5. Total interest paid over 2 years,
a. $19.422.96
b. $19542.32
c. $20056.19
d. $18596.39
Answers
1.Monthly payment is approximately a. $1,319.9,2.Principal payment is approximately $486.58,3.The outstanding loan balance is approximately $179,834.02, Total interest paid is approximately a.$19,998.92.
To calculate the monthly payments for a fully amortized mortgage, we can use the loan amount, interest rate, and loan term in the formula for calculating the monthly payment on a mortgage.
The formula is:
Monthly Payment = (Loan Amount * Monthly Interest Rate) / (1 - (1 + Monthly Interest Rate)^(-Number of Months))
In this case, the loan amount is $200,000, the interest rate is 5% (or 0.05), and the loan term is 20 years (or 240 months).
Plugging in these values: Monthly Interest Rate = 0.05 / 12 = 0.0041667
Monthly Payment = ($200,000 * 0.0041667) / (1 - (1 + 0.0041667)^(-240)) ≈ $1,319.91
The principal payment during month 1 can be calculated by subtracting the interest portion from the total monthly payment.
Interest Payment = Loan Balance * Monthly Interest Rate = $200,000 * 0.0041667 ≈ $833.33
Principal Payment = Monthly Payment - Interest Payment = $1,319.91 - $833.33 ≈ $486.58
The outstanding loan balance at the end of year 2 can be calculated by determining the remaining loan balance after 24 monthly payments.
Remaining Loan Balance = Loan Balance * (1 + Monthly Interest Rate)^Number of Months - Principal Payment * ((1 + Monthly Interest Rate)^Number of Months - 1) / Monthly Interest Rate
Remaining Loan Balance = $200,000 * (1 + 0.0041667)^24 - $1,319.91 * ((1 + 0.0041667)^24 - 1) / 0.0041667 ≈ $179,834.02
The total principal through year 2 can be calculated by summing up the principal payments made during the first 24 months.
Total Principal through Year 2 = Principal Payment * Number of Months = $486.58 * 24 ≈ $11,678.92
The total interest paid over 2 years can be calculated by subtracting the total principal through year 2 from the total payments made during the first 24 months.
Total Interest Paid over 2 Years = Total Payments - Total Principal through Year 2
Total Payments = Monthly Payment * Number of Months = $1,319.91 * 24 ≈ $31,677.84
Total Interest Paid over 2 Years = $31,677.84 - $11,678.92 ≈ $19,998.92
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It is always possible to identify all the causes of a problem completely. please select the best answer from the choices provided t f
Answers
It false that the causes of a problem can always possible to identify completely.
What is problem solving?This is when a means is device towards solving a difficult task. When a problem has been identified, the next step is to look for ways of solving such problems.
Hence, It false that the causes of a problem can always possible to identify completely.
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Soft skills 2 sentences that will help
Answers
Answer:
Include the terms most closely related to the job in your resume, especially in the description of your work history. Highlight Skills in Your Cover Letter: You can incorporate soft skills into your cover letter. Include one or two of the skills mentioned here, and give specific examples of instances when you demonstrated these traits at work
Explanation:
From whom to buy from and ________ to buy are the two choices left for a consumer once she has made the decision on an alternative
Answers
From whom to buy and when to buy are the two choices left for a consumer once she has made the decision on the alternative.
While purchasing a long-term product, the consumers always go through a lot of research and check out various alternatives at better prices and better effectiveness.
If a person chooses the product or the alternative product with better facilities, one needs to decide when to buy the product and from whom.
The supplier is important for things like guarantees and service works if the product gets damaged within the guaranteed period.
When to buy is also an important decision. This depends on the financial condition of the buyer. If the person can afford it immediately, she can buy it at that moment or wait for a few days to gather up the finances and pay for the product.
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a special journal used to record only sales of merchandise on account.
a.purchase invoice
b.purchase on account
c.cash payments
d.cash discount
Answers
The special journal used to record only sales of merchandise on the account is the "sales journal."
The special journal used to record only sales of merchandise on account is "sales journal."
A. Purchase invoice is a document received from the supplier of goods or services indicating the quantity, price, and terms of the sale.
B. Purchase on account is a transaction in which the buyer does not pay for the goods or services at the time of purchase but is allowed to pay at a later date.
C. Cash payments journal is a special journal used to record only cash payment transactions.
D. Cash discount is a reduction in the amount of cash to be paid by a customer if payment is made within a specified period of time.
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