Bob invests money in two accounts: account A earns 2% annual
interest and account B earns 6 % annual interest. If he invests a
total of $3,000 and earns $164.00 in interest. How much did he
invest in
Answers
Bob invested money in two accounts, Account A and Account B. Account A earns a 2% annual interest rate, while Account B earns a 3.5% annual interest rate. The total amount invested across both accounts is $3,000, and the interest earned is $164.00.
To determine how much Bob invested in Account A, we can set up a system of equations based on the given information. Let's assume that Bob invested x dollars in Account A. Since the total amount invested across both accounts is $3,000, the amount invested in Account B would be $3,000 - x.The interest earned from Account A can be calculated by multiplying the amount invested (x) by the interest rate of 2%, which gives 0.02x. Similarly, the interest earned from Account B can be calculated as 0.035(3,000 - x).According to the given information, the total interest earned is $164.00. Therefore, we can set up the equation: 0.02x + 0.035(3,000 - x) = 164.By solving this equation, we can find the value of x, which represents the amount Bob invested in Account A. Once we determine x, we can calculate the amount invested in Account B as $3,000 - x.
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Related Questions
The letter S in the word INSURABLE stands for
Answers
The word INSURABLE is a term that is used in the insurance industry. The letter S in the word stands for Security, which is the main idea behind insurance policies.
The idea of security is what insurance firms rely on to safeguard their clients in the case of a loss.
Customers can feel confident in the knowledge that they are financially protected in the case of a tragedy or unforeseen incident thanks to the security offered by insurance plans.
Without the assurance that insurance plans offer to both individuals and businesses, many people would be unable to recover financially after a significant loss.
Security is symbolized by the letter S in the word "INSURABLE," which serves as a reminder of the value of insurance in preventing monetary losses.
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hellp! WILL GIVE 30 POINTS!!
Alexis and Damian are both taking a course on picking a career. They go to the same art club so they both know what they enjoy doing. Surprisingly, Alexis and Damian might find careers in the Architecture and Construction Career Cluster that allow them to express themselves through art. Create a list of possible jobs in this cluster that could use an artistic person and explain a task that each job does that the two students might particularly enjoy.
*Dont answer for points, cuz I've gotten scames so many times :/
Answers
Answer:
A few jobs that express how you feel through art are house remodeling because you can decorate with things that make you happy or that show how you feel, professional painter because you can paint how you feel, and a gardener because you make the garden look like something that expresses how you feel.
Explanation:
Hope this helps! Just make sure to edit it a little so that you don't get in trouble! :)
What is significance of evaluating PeCS of a successfull entrepreneur? What insights can you draw from this activity?
Answers
Answer:
It is very important to assess one's personal entrepreneurial competencies (PECs) in order to know the strengths and weaknesses of the entrepreneur. In that manner, the entrepreneur can design a plan to compensate for his weaknesses and develop his strength in order to deliver the excellency that was expected of him.
how does whether a bank reorders transactions impact the cost of overdraft fees?
Answers
Whether a bank reorders transactions can greatly impact the cost of overdraft fees. When a bank reorders transactions, it processes the largest transactions first and then the smaller transactions.
This can result in more overdraft fees because even if there is enough money in the account to cover the smaller transactions, the account may appear to be overdrawn due to the larger transactions being processed first. As a result, the smaller transactions may incur overdraft fees, even though there would have been sufficient funds to cover them if the transactions had been processed in the order in which they were made. On the other hand, if a bank processes transactions in the order in which they were made, then it may reduce the number of overdraft fees because the smaller transactions would be processed first and would not result in overdraft fees. This is why it is important for consumers to understand their bank's policy regarding transaction processing and overdraft fees, so they can make informed decisions about how to manage their finances. Additionally, some banks may offer overdraft protection services or allow consumers to opt-in to overdraft protection, which can help reduce the number of overdraft fees.
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How much depreciation should be recorded for the first year for a delivery truck with a cost of $30,000, an expected life of six years, and an estimated residual value of $6,000? Assume the double-declining-balance method is used.
$ 12,000
$ 10,000
$ 8,000
$ 5,000
Answers
The double-declining-balance method is a type of accelerated depreciation where the asset is depreciated at twice the straight-line rate. To calculate the annual depreciation expense for the delivery truck using this method, first calculate the straight-line depreciation rate:
Straight-line rate = (Cost - Residual value) / Expected life = ($30,000 - $6,000) / 6 years = $4,000 per year Then, double this rate to get the double-declining-balance rate: Double-declining-balance rate = 2 x Straight-line rate = 2 x $4,000 = $8,000 per year For the first year, the depreciation expense will be calculated based on the double-declining-balance rate applied to the full cost of the asset: Depreciation expense (year 1) = Double-declining-balance rate x Cost = $8,000 x $30,000 = $24,000
However, since the residual value is also factored into the calculation, the maximum depreciation expense allowed is the cost of the asset minus the residual value. In this case, that would be:
Maximum depreciation expense = Cost - Residual value = $30,000 - $6,000 = $24,000 Therefore, the depreciation expense recorded for the first year should be $24,000. However, since this is equal to the maximum allowed depreciation, the delivery truck will be fully depreciated at the end of the sixth year, with no salvage value remaining.
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Consider the following model for the production of refined oil: MPC = 10 + 0.2Q;
In the process of producing, firms also pollute the air in the area. Assume MEC = 0.3Q;
The market demand for refined oil is MSB = 30 – 0.3Q; MEB = 0.
Use these relationships to answer the following questions:
1. (1 point) Calculate the competitive (or market) output and equilibrium price in this market.
2. (1 point) Calculate the efficient output and equilibrium price in this market.
3. (4 points) Graphically represent the MPC, MSB and MSC curves (make sure to label the axes). Make sure to indicate the value of efficient production (QE) and price (PE) levels as well as market output (QC) and price (PC) levels.
4. (1 point) Calculate the refineries’ marginal profit at the efficient equilibrium.
5. (1 point) Calculate the public marginal damage (negative benefit) at the competitive equilibrium.
6. (2 points) At Q=30, what is the minimum price (Pm) refineries would have to be compensated in order to decrease production? What would be the maximum price (PM) public users would be willing to pay to have production decreased?
Answers
Using the relationships given, Competitive equilibrium = 40, Efficient equilibrium = $22.5, Marginal profit = 15 and public marginal damage = 12.
What is Marginal profit?A firm or individual earns marginal profit when one additional or marginal unit is produced and sold. The marginal cost or profit earned when producing the next unit. The marginal product is the extra revenue earned, whereas the marginal cost is the additional cost of producing one more unit.
MPC = 10 + 0.2Q
MEC = 0.3Q
MSB = 30 – 0.3Q; MEB = 0
1. Competitive equilibrium
MSB = MPC
30 – 0.3Q = 10 + 0.2Q
20 = 0.5q
q = \(\boxed{40}\)
2. Efficient equilibrium
MSB = MEC (Marginal social cost)
MSC = MPC + MEC
MSC = 10 + 0.2Q + 0.3Q
MSC = 10 + 0.5Q
That implies
30 – 0.3Q = 10 + 0.5Q
30 = 0.8q
q = 25 and
p = 30 - 0.3(25)
p = \(\boxed{\$22.5}\)
3. Attachment given for the graph
4. Marginal profit = Marginal social benefit - Marginal social cost
= [30 - 0.3(25)] - [10 + 0.5(25)]
= (30+7.5) - (22.5)
Marginal profit = \(\boxed{15}\)
5. MEC = 0.3q
At Competitive equilibrium, q = 40
MEC = 0.3(40)
MEC = \(\boxed{12}\)
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what type of inventory demand is derived from finished products a company plans to product, is based on the number of items being produced, and is calculated by the mrp system?
Answers
The type of inventory demand derived from finished products a company plans to produce, based on the number of items being produced, and calculated by the MRP system is called "Dependent Demand."
The type of inventory demand that is derived from finished products a company plans to produce, based on the number of items being produced, and is calculated by the MRP (Material Requirements Planning) system is known as dependent demand. Dependent demand is the demand for a component or subassembly that is directly linked to the demand for a higher-level assembly or finished product. It is calculated by the MRP system based on the production schedule and bill of materials for the finished product.This demand is directly related to the production of a specific finished product and is determined by the company's plans and MRP system calculations.Learn more about inventory: https://brainly.com/question/24868116
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Driving forces analysis Multiple Choice involves identifying the driving forces, assessing whether their impact will make the industry more or less attractive, and determining what strategy changes a company may need to make to prepare for the impact of the driving forces. identifies which strategic group is the most powerful. helps managers identify which industry member is likely to become (or remain) the industry leader and why. helps managers identify which key success factors are most likely to help their company gain a competitive advantage. helps managers identify which of the five competitive forces will be the strongest driver of industry change.
Answers
Answer:
involves identifying the driving forces, assessing whether their impact will make the industry more or less attractive, and determining what strategy changes a company may need to make to prepare for the impact of the driving forces.
Explanation:
Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.
Driving forces analysis involves identifying the driving forces, assessing whether their impact will make the industry more or less attractive, and determining what strategy changes a company may need to make to prepare for the impact of the driving forces. This driving forces determines the competitive and comparative advantage of a company.
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.
how to find company id in quickbooks online
Answers
To find a company ID in QuickBooks Online, follow these steps:Log in to your QuickBooks Online account.
Click on the gear icon in the upper right corner of the screen to open the "Settings" menu.
Select "Account and Settings" from the drop-down menu.
Click on the "Billing & Subscription" tab.
Look for the "Company ID" field under the "QuickBooks" section.
Your company ID will be displayed in this field. You can copy it to your clipboard or take note of it for future reference.
If you're having trouble locating your company ID using these steps, you can also try the following:
Log in to your QuickBooks Online account.
Click on the "?" icon in the upper right corner of the screen to open the "Help" menu.
Type "Company ID" in the search bar and hit enter.
QuickBooks will provide a list of articles related to finding your company ID. Choose the article that best matches your situation for further instructions
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List the basic elements of business plan
Answers
Answer:
Company Description
Market Analysis
Competitive Analysis
Marketing Plan
Sales Strategy
Explanation:
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sarah sandoval is a coffee farmer trying to decide how many tons of coffee to produce. she can sell each ton of coffee for $2,000. the cost of producing her first ton of coffee is $600, and the second ton costs $1,000. similarly, each additional ton of coffee costs $400 more to produce.
Answers
To help Sarah Sandoval make a decision on how many tons of coffee to produce, we need to consider the revenue and cost aspects.
Let's assume Sarah's goal is to maximize her profit. In this case, we can calculate the profit for each ton of coffee produced by subtracting the cost of production from the selling price.
Profit per ton = Selling price - Cost of production
For the first ton of coffee:
Profit for the first ton = $2,000 - $600 = $1,400
For the second ton of coffee:
Profit for the second ton = $2,000 - $1,000 = $1,000
For each additional ton of coffee:
Profit per additional ton = $2,000 - (Cost of production for the respective ton)
Considering that each additional ton costs $400 more to produce than the previous ton, we can calculate the profits as follows:
Profit for the third ton = $2,000 - ($1,000 + $400) = $600
Profit for the fourth ton = $2,000 - ($1,000 + $800) = $200
Profit for the fifth ton = $2,000 - ($1,000 + $1,200) = -$200
As we can see, the profit starts to decrease from the fourth ton onwards and becomes negative for the fifth ton. Therefore, it would not be profitable for Sarah to produce more than four tons of coffee.
To maximize her profit, Sarah should produce a total of four tons of coffee. This would result in a total profit of $3,200 ($1,400 + $1,000 + $600 + $200) from selling those four tons.
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Harry and Hanson were partners in a firm sharing profits and losses in the ratio 3:2. Their capital was $300,000 and $150,000 respectively and they were entitled to interest on capital of 25% per annum. At the end of the firm's financial year December 31, 2019, the firm earned profit of $180,000 after allowing for interest on capital. Given this information, the profits that will be distributed among the partners will be:
Answers
Answer:
JOURNAL
1. Cash a/c... Dr. 350000
To C's Capital a/c 200000
To Premium for Goodwill a/c 150000
(Being capital and premium for goodwill brought in by C)
2. Premium for Goodwill a/c... Dr. 150000
To A's Capital a/c 110000
To B's Capital a/c 40000
(Being premium for goodwill distributed among the partners in the ratio of 11:4)
3. A's Capital a/c.... Dr. 55000
B's Capital a/c.... Dr. 20000
To Cash a/c 75000
(Being half of the premium for goodwill withdrawn by the partners)
Calculation of sacrificing ratio:
A's sacrifice= 3/5- 2/7= 11/35
B's sacrifice= 2/5- 2/7= 4/35
Sacrificing ratio= 11:4
Based on the information given the profits that will be distributed among the partners will be: Harry $108,000; Hanson $72,000.
Given:
Profits and losses sharing ratio=3:2
Profit earned=$180,000
Hence:
Profit sharing
Harry Profit=3/(3+2)×$180,000
Harry Profit=3/5×$180,000
Harry Profit=$108,000
Hanson Profit=2/(3+2)×$180,000
Hanson Profit=2/5×$180,000
Hanson Profit=$72,000
Inconclusion the profits that will be distributed among the partners will be: Harry $108,000; Hanson $72,000.
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Supper Company Ltd., reported the following stockholders’ equity on its balance sheet at June 30,
2012:
Supper Company Ltd.
Stockholders’ Equity
June 30,2012
Paid-in Capital
Preferred stock, 10%,? par, 650,000 shares authorized, 280,000 shares issued $ 1,400,000
Common stock, par value $? per share, 5,000,000 shares authorized,
1,000,000 shares issued and outstanding
2,000,000
Paid-in capital in excess of par—common 6,000,000
Total paid-in capital 9,400,000
Retained earnings 12,300,000
Total Stockholders’ equity $21,700,000
Requirements:
1. What is the par value per share of Supper’s preferred stock? (Show Workings)
2. What is the par value per share of Supper’s common stock? (Show Workings)
3. What is the selling per share for the $6,000,000 reported as paid-in capital in excess of par –
common? (Show Workings)
4. Prepare two (2) summary journal entries to record issuance of all the Supper Company Ltd stock for
cash. Explanations are not required.
Answers
Answer:
1. Par Value of Preferred stock;
= Preferred stock value / Shares issued
= 1,400,000/280,000
= $5
2. Par Value of Common Stock
= Common stock value / Shares issued
= 2,000,002/1,000,000
= $2
3. Selling price per share including Paid-In Cap
Paid-in cap is the price of a share that exceeds its par value. Selling price therefore is;
= (Par Value + Paid In cap)/ Number of shares
= (2,000,000 + 6,000,000) / 1,000,000
= $8 per share
4.
DR Cash $1,400,000
CR Preferred Stock $1,400,000
DR Cash $8,000,000
CR Common Stock $2,000,000
Paid-In Capital in excess of par - Common Stock $6,000,000
Seed capital pays for which of the following?
A. Operating expenses for the first year of a new business
B. Expanding production and advertising budgets
C. Funding for research and development of a business idea
D. Competitive wages for high-tech workers
Edit: It's C
Answers
Answer:
It's C !
Explanation:
Hope you have a good day!
Seed capital pays for: C. Funding for research and development of a business idea.
The seed capital pays for market research for initial steps of product development. For example, development of the prototype or paying for all operating expenses like legal costs.
Seed capital provides operating expenses for the entire process of business. Hence, A is incorrect.
It has no role directly in the expansion of production and advertising budgets. Hence, B is incorrect.
It has no role in decision of competitive wages for high tech workers. Hence, D is incorrect.
Hence, C is correct option.
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The survey has bias. (a) determine the type of bias. (b) suggest a remedy. upper a pro dash military advocate wants to estimate the percentage of people who favor increasing funding for the military. she conducts a nationwide survey of 1450 randomly selected adults 18 years and older. the interviewer asks the respondents, "do you favor being patriotic by supporting our armed forces question mark " (a) which of these best describes the bias in the survey? sampling bias response bias your answer is correct. nonresponse bias undercoverage bias (b) how can the bias be remedied?
a. the interviewer should survey people under 18 as well.
b. the interviewer should survey a greater number of adults 18 and older.
c. the interviewer should survey people by phone and in person.
d. the interviewer should reword the question.
Answers
Answer:
B). Response bias
D). The interviewer should reword the question.
Explanation:
Response bias is described as the type of bias in which a variety of tendencies are displayed by the respondents to answer the questions asked in the survey inaccurately or misleadingly. These false responses eventually lead to a false or deceiving conclusion. In the given survey, 'response bias' is displayed as the respondents may display a tendency to answer the question falsely as the feeling of 'patriotism' evoked by the word 'patriotic' may prevent their original opinions to come out. Thus, option B is the correct answer to describe the bias in this survey.
In order to prevent this bias, the interviewer must 'reword the question' and remove the word 'patriotic' as it develops the feeling of patriotism in the respondents which mars them from answering accurately and share their true opinions or thoughts in the regards of 'supporting armed forces.' This rewording will help evoke the true and authentic responses without any bias. Thus, option D is the correct answer to remedy the bias.
I don’t understand this and need help
Answers
Large-cap funds invest in...
a. Companies with large market value.
b. In at least 200 companies.
c. Stocks only.
d. All of the above.
I WILL MARK AS BRAINLIEST WHEN I CAN.
Answers
Answer:
Large-cap funds invest in
a. Companies with large market value.
Explanation:
Let Company A be a mutual fund that invests in the securities of companies that have large market capitalization. Company A is, therefore, regarded as a large-cap fund. Company A will use the size of the market capitalization to determine the companies to invest in. For example, the market capitalization of Company B is the value of the shares of the company, which is derived as the product of the number of Company B's outstanding shares and the current market price (1,000,000 x $50, market cap = $50 million). For Company A, the decision to invest in Company B is factorized based on the size of the market value, $50 million, which must be above the average market capitalization of similar companies.
What are common characteristics of jobs in the Recreation, Amusements, and Attractions pathway? Check all that apply. part-time travel-related self-employed entry-level food service cleaning service
Answers
Answer part time,self employed,entry level
Explanation:
Within a career cluster, a career pathway is a smaller collection of occupations that employ similar abilities. There are various job paths in each career cluster.
The options, part-time, self-employed, entry-level is the common characteristics.
An example to describe characteristicsSteve works for a modest hotel chain as a generic maintenance worker. When a guest has a problem with their air conditioner or television, he is summoned. Steve works in the Recreation, Amusements, and Attractions route of the Hospitality and Tourism cluster.For more information about job characteristics, refer below
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A binding price ceiling is a mandated _______.
A. maximum price above the market equilibrium price
B. minimum price above the market equilibrium price
C. maximum price below the market equilibrium price
D. minimum price below the market equilibrium price
Answers
A binding price ceiling is a mandated "maximum price below the market equilibrium price."
This is because a binding price ceiling is a point at which the price of certain commodities can not rise above the market equilibrium price.
The binding price ceiling is usually set by the government rather than the force of demand and supply.
The binding price ceiling has negatives, such as leading to a shortage of supply.
Hence, in this case, it is concluded that the correct answer is option C.
"maximum price below the market equilibrium price."
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Answer:
I took the quick check. brainliest would be nice
Explanation:
1: C- maximum price below the market..
2:C- producers from low market..
3: C- led to a shortage as prices are kept from rising....
4: D- a price ceiling of 1,000
5: A- the surplus resulting from the price floor...
For each scenario, calculate the cross-price elasticity between the two goods and identify how the goods are related. Please use the midpoint method when applicable, and specify answers to one decimal place. A 20% price increase for Product A causes a 10% decrease in its quantity demanded, but no change in the quantity demanded for Product B.
Answers
Answer:
No relation
Explanation:
The computation of the cross elasticity of demand is shown below:
= Percentage change in quantity demanded ÷ Percentage change in price
here the price is increased by 20% for product A
But there is no change in the quantity demanded for product B
So, the cross elasticity of demand is
= 0 ÷ 20%
= 0
Therefore there is no relation between two products or goods
What factors do you think are most important to luxury buyers?.
Answers
Explanation:
•The Value of Space. When it comes to luxury homes, it's all about space. ...
•Entertaining Excellence. ...
•Security & Convenience. ...
•Keeping Things Exclusive.
If a firm's marginal revenue is below its marginal cost, an increase in production will usually: a. increase profits. b. leave profits unchanged. c. decrease profits. d. increase marginal revenue.
Answers
Answer:
D. increase marginal revenue
Explanation:
If marginal revenue is less than marginal cost then they are producing too much product and need to decrease production until marginal cost and marginal revenue are equal.
In preparing a company's statement of cash flows using the indirect method, the following information is available: net income $ 52,000 accounts payable increased by 8,000 accounts receivable decreased by 17,000 inventories increased by 5,000 depreciation expense 30,000 net cash provided by operating activities was:.
Answers
Net income = $58000
add increase in account payable = $24000
add decrease in account receivable = $37000
add decrease in inventory = $11000
add depreciation expenses = $32000
All of these values gives,
58000 + 24000 + 37000 + 11000 + 32000 = $162,000
Therefore the net cash that is used in this operation is $162000.
While using the indirect method?Many accountants record a business's cash flow using the indirect technique as a format. With this approach, the net income is adjusted to reflect the true cash flow that business operations produce. The indirect technique divides cash flows into three categories: Cash flows from operating operations.
What makes it the indirect method?Because the cash flows are derived from the turnover rather than being used directly in the calculation, it is known as the indirect technique. The income and costs for a specific time period are categorised and summarised on the cash statement.
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discuss three consequences of
unemployment on the individuals
Answers
Answer:
it compells an individual to suffer form various problems like financial hardship and poverty, debt, homelessness and housing stress, family tensions ,etc.
Explanation:
hope it may help you
Being unemployed is a highly stressful situation, so it may cause stress-related health issues such as headaches, high blood pressure, diabetes, heart disease.
There ya go. :)
1. Did the nursery owner violate Darlene’s rights?
2. When Darlene first became uncomfortable with the nursery owner's behaviour, what should she have done?
3. What Grounds of Discrimination can be identified in Darlene’s case?
Answers
The nursery owner violated Darlene's rights because Darlene is protected under the Equality Act 2010 and the nursery owner discriminated against her on the grounds of her age and gender.
When Darlene first became uncomfortable with the nursery owner's behaviour, she should have reported it to a manager or supervisor.
In Darlene's case, the grounds of discrimination that can be identified are age and gender. The nursery owner made comments that were discriminatory towards Darlene based on her age.
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Question 5 of 10
For accountants, which of the following is the most important consequence
of the unethical use of technology?
A. the threat to the reliability of accounting systems
OB. the direct and indirect loss of revenue
C. the possibility that privacy will be compromised
D. the loss of trust in the accounting profession
SUBMIT
Answers
The most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
What are accounting systems?Accounting systems are described as the controls, procedures, and processes in accounting. The main purpose of accounting systems is to make a summary and record the different business transactions in a way that will allow the creation of reports, and enhance operations.
If the accountants are unethically using technology, then it will directly impact the accounting processes, and transaction records of businesses, and the financial report will produce erroneous results and will highly degrade the decision-making process.
It can be concluded that the most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
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Answer: The loss of trust in the accounting profession
Explanation: believed the other person aaaannnnnddddd got it wrong
to build an effective customer service program, it is important to:
Answers
To build an effective customer service program, it is important to:
1. Understand customer needs: Gather data and feedback from customers to identify their expectations and pain points.
2. Set clear objectives: Define the goals of your customer service program, such as reducing response times or increasing customer satisfaction.
3. Train staff: Equip your team with the necessary skills and knowledge to address customer inquiries effectively and professionally.
4. Implement the right tools: Utilize technology such as CRM systems, chatbots, and analytics tools to streamline processes and improve customer interactions.
5. Establish communication channels: Offer multiple channels for customers to reach out, including phone, email, social media, and live chat.
6. Monitor performance: Regularly assess your customer service program's performance using key performance indicators (KPIs) to identify areas of improvement.
7. Continuously improve: Analyze customer feedback and performance data to make informed decisions about program enhancements.
8. Foster a customer-centric culture: Encourage a customer-focused mindset within your organization by valuing customer feedback and recognizing exceptional customer service.
By incorporating these elements into your customer service program, you can create a more positive customer experience and build lasting relationships.
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What do all trades have in common
Answers
Answer:
profit
Explanation:
profit can be a answer
When a banker accepts a deposit of $1,000 in cash and puts $200 aside as required reserves and then makes a loan of $800 to a new borrower, this set of transactions
Answers
The act of providing a loan by the banker to the borrower amounting to $800 after setting aside the reserve amount of $200 contributes to the increase of the money supply by $800.
What is the money supply?The money supply is the amount that a public held at a point in time including currency notes, coins, and the bank account balances.
When the banker is giving the loan to the borrower at $800 then it infuses the money into the economy as this amount is further given as a loan by another bank to another borrower. This whole cycle goes on to continue till the amount reaches zero.
Therefore, the money supply increases by $800 when the banker gives loans to the borrower for the amount of $800.
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FIRST ANSWER WILL BE NAMED BRAINLIEST
Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit
Answers
Answer:
It is letter B
Explanation:
Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.
What is the budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.
Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.
Therefore, option B is the correct option.
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