The GAAP (Generally Accepted Accounting Principles) that requires the use of depreciation for assets that have useful lives beyond one year is the matching principle. According to the matching principle, expenses should be recognized in the same period as the revenue they help to generate.
Depreciation is a way to allocate the cost of an asset over its useful life. By spreading the cost of the asset over multiple periods, the matching principle ensures that the expenses associated with the asset are recognized gradually over time, rather than all at once when the asset is purchased. This aligns with the revenue generated by the asset over its useful life.
For example, let's say a company purchases a delivery truck for $50,000 with an estimated useful life of five years. Instead of recognizing the full $50,000 expense in the year of purchase, the company can allocate $10,000 (50,000 divided by 5 years) as depreciation expense each year. This gradual recognition of expense aligns with the revenue generated by the truck over its useful life.In conclusion, the GAAP principle of matching requires the use of depreciation for assets with useful lives beyond one year. Depreciation helps allocate the cost of these assets over time, in line with the revenue they generate, and ensures accurate financial reporting.
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for business and personal finance: What is insurance?
Answer:
Insurance is the procedure by which persons or companies exposed to a specific risk agree with an institution specializing in compensation for damage that the institution will indemnify the damage caused when the risk materializes. The resulting contract is called insurance.
From a commercial point of view, insurance can be defined as the means by which the cost of incidental damage can be converted evenly into a continuous annual cost on an annual basis.
50 pts! I really need help on this. Ignore the distribution part. Dont waste my points ;-; Will give Brainliest
Market Analysis: Research three countries you would like to distribute your game to and summarize the games, their prices, and how they are distributed in those markets (your competition). If you find that you might have chosen a market that is already too competitive, this is the time to identify another country and change your plan.
Countries I chose:
Japan
United States
Great Britain (UK)
Answer:
Japan 183-192billon dollars per year
USA 18.4 billion dollars
UK 5.05billion dollars
The annual report for Jackson Farms disclosed that 1 billion shares of common stock have been authorized. At the beginning of 2017, 810 million shares had been issued and the number of shares in treasury stock was 111 million. During 2017, the only common share transactions were that 19 million common shares were reissued from treasury and 30 million common shares were purchased and held as treasury stock.
Required: Determine the number of common shares (a) issued, (b) in treasury, and (c) outstanding at the end of 2017.
Answer:
a: 810 (million)
b: 111-19(issued)+30(purchased)= 122 (million)
c: 810 (issued)-122 (treasury)=688 million
Impact of consumer protection act on the marketing function
The impact of the consumer protection act on the marketing function is that Under this act, people are veritably happy because this act tells the people the right rate of the particulars, and all effects which help consumers to cover them from high request prices, fake prices of particulars, etc.
The Consumer Protection Act 68 of 2008( “ CPA ”) has introduced significant restrictions on the way suppliers are permitted to request goods and services from consumers. The CPA is designed to cover consumers before they enter into a sale and indeed if they don't eventually distribute with the supplier.
It helps people to get their rights, on the other hand, it's a big problem for the dealer because they don't get important profit due to the action of this act. It helps consumers veritably much in marketing work.
Consumer Protection Act provides Consumer Rights to help consumers from fraud or specified illegal practices. These rights insure that consumers can make better choices in the business and get help with complaints.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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On September 1, 20X1, Upholstery Masters purchased a one-year insurance policy for $360. The correct adjusting entry on December 31, 20X1, is:
Upholstery Masters will record an adjusting entry on December 31 of Debit to Insurance expense and credit to Prepaid insurance of $360.
What would Upholstery Masters record?The insurance is for a year so the amount that will be recorded in 20X1 will be for months in 20X1.
The number of months used in 20X1 was 4 months from September to Decemeber.
The relevant amount will be:
= 360 / 12 x 4 months
= $120
This amount will be debited to the Insurance expense account and credited to the Prepaid insurance account.
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Question 14 (2 points)
Which career cluster involves hands-on occupations and possibly working outside?
Investigative
Realistic
Enterprising
Conventional
Answer: Enterprising
Explanation: Hands-on jobs are occupation that requires little education, it relate to the practice of learning from experience on the job rather than reading and learning from books. The career cluster of hands-on occupation includes; technicians, plumbers, woodwork, hygiene and catering workers etc.
Enterprising is characterized by great imagination and initiative with energetic to carry out work . Enterprising best fit hands-on career cluster.
the most important determinant of how much an individual will pay for a share of stock is group of answer choices the expectation of future profit. how well the ceo is compensated. the structure of the market. the average daily volume for the corporation's shares.
The most important determinant of how much an individual will pay for a share of stock is the expectation of future profit.
This means that investors will be willing to pay more for a share of stock if they believe that the company will generate higher profits in the future. The expectation of future profit is influenced by a variety of factors such as the company's financial performance, its competitive position, and the overall economic environment. While the compensation of the CEO and the structure of the market may have some impact on a stock's price, they are not the primary determinants. Similarly, the average daily volume for the corporation's shares may have some impact on the stock's price, but it is not as important as the expectation of future profit. Overall, investors should focus on the fundamental factors that drive a company's financial performance when making investment decisions. Hi! The most important determinant of how much an individual will pay for a share of stock is the expectation of future profit. This factor is crucial because it directly influences the perceived value of the stock and the potential return on investment for the shareholder. When investors evaluate a stock, they consider factors like the company's financial performance, competitive position, and growth prospects to determine the potential for future profit. This analysis helps them decide if the stock is a good investment and what price they are willing to pay for it.Other factors such as CEO compensation, market structure, and average daily volume may also influence stock prices, but they are not as significant as the expectation of future profit. Investors mainly focus on the potential earnings a company can generate, which ultimately drives the stock price and the amount they are willing to pay for a share.
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Describe the fruit storage process? OBTE
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cold storage, using refrigerated air. Other techniques include controlled-atmosphere (CA) storage and hypobaric storage.hope it helps\( \: \: \: \: \: \: \)
EconomicsAlthough GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States?
a. The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.b. The costs of air and water pollution.c. Funds spent by city governments to renovate their buildings.d. The leisure time they have.
When a U.S. company purchases and imports wood from Brazil to use to build new houses within the United States, this purchase increases the_____component of GDP while also_____net exports by the same amount. Therefore, the purchase of wood from Brazil_____in US GDP.
The following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States:
a. The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.
b. The costs of air and water pollution
d. The leisure time they have
The purchase of wood from Brazil, the import component of GDP increases whole net exports decreases by the same amount. The purchase of wood from Brazil decreases US GDP.
Gross domestic product is the sum of final products produced in a country within a given period. GDP can be determined using the expenditure, income or value added product.
GDP calculated using the expenditure approach = Consumption spending + Investment spending + Government spending + Net export
Items not included in the calculation of GDP includes:
1. Activities not reported to the government
2. illegal activities
3. sale or purchase of used products
4. externalities
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True or false in order to tell a Monopoly and monopolistically competitive market apart, you need to see the graphs together
what two consequences does economic development have for MNEs?
Economic development can have two consequences for multinational enterprises (MNEs). Firstly, as a country's economy grows and becomes more prosperous, it may attract increased foreign investment from MNEs.
This can provide new opportunities for MNEs to expand their operations and tap into new markets.
However, with increased competition from local firms, MNEs may also face greater pressure to adapt to local market conditions and innovate in order to maintain their competitive edge.
Secondly, economic development may also lead to greater regulation and oversight from governments and international bodies, such as the World Trade Organization.
This can create both opportunities and challenges for MNEs, as they may face greater scrutiny and accountability for their actions.
However, it may also provide a more stable and predictable business environment, with clear rules and guidelines that MNEs can follow to ensure compliance with local laws and regulations.
Overall, economic development can have both positive and negative consequences for MNEs, depending on the specific context and circumstances.
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What is more important in determining station wagon purchase. family size or income(salary)?
The bottom line is that family trust has a much greater effect on the likelihood that a family will purchase a station wagon than does income.
What is Trust?Anyone who creates a trust (the settlor) grants the trustees authority over the resources they are allocated. These administrators may be either natural or legal persons. The asset is now in the trustee's legal possession, and the beneficiary of the trust is the rightful owner. The trustee must abide by the conditions set forth by the settlor. To watch after the "trustee," a "protector" may also be designated. A trust has no independent legal existence.
Before trust laws were founded in England, a sort of trust already existed in the Islamic world during the ninth century. The waqf type in Islam has a settlor, trustees, beneficiaries, and a qadi (judge) to settle disagreements.
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Which development with most reflects Karl max is belief in the economic system that he predicted to replace free market
The development with most reflects Karl max that is belief in the economic system that he predicted to replace free market is option B. Workers share all the profits generated from a factory. Read below about Karl Max's belief in economic system.
What is Karl Max's belief on the economic system?Marx believed that in a capitalist system, society would inevitably divide themselves into two classes – the business owners and the workers. The workers would produce the material goods and conduct all the labor, while the owners would reap all the financial and social benefits.
Therefore, the correct answer is as given above
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The complete question goes thus:
Which development would most reflect Karl Marx's belief in the economic system that he predicted would replace free markets? A. Governments eliminate all taxes on wealthy corporations. B. Workers share all the profits generated from a factory. C. Companies begin to sell their products in overseas markets. D. Businesses refuse to hire workers who demand high wages.
Which of the following describes the best way to answer the interview question, "What is your greatest strength?"
I am a fantastic problem-solver.
I am great at organizing and created a system at my previous job.
I am pretty good at using the computer app for this job.
I have too many strengths and cannot choose one.
I am a fantastic problem solver.
By saying this you will not look arrogant and overconfident.
You cannot say something like that i have so many strength and cannot choose one. You need to be realistic and you have to give some real life strengths , the strength which are real nothing is fake in that because interviewer is their for checking your realistic nature. He needs to check how real person you are so just belief in your self pick up one greatest strength and speak it out confidently
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Select the correct answer.
Ahmed has been running a laundry service in his neighborhood for the past eight years. He picks up soiled clothes and delivers washed and ironed clothes at the customers’ doorsteps. A transporter who offers to pick and deliver customer clothes at a cheaper rate than his current transporter approaches him for a business deal. What do you think Ahmed should do in such a case?
A.
immediately discontinue services of the current transport person
B.
continue the services of the current transport person forever
C.
delay the payments of the current transport person so that he willingly discontinues his services
D.
wait until the contract with the current transport person ends before using the new transport person
Answer:
D) wait until the contract has ended
The components of GDP in the accompanying table were produced by the Bureau of Economic Analysis. Category Components of GDP in 2013 (billions of dollars)
Consumer spending
Durable goods $1,263.0
Nondurable goods 2,622.9
Services 7,615.7
Private investment spending
Fixed investment spending 2,564.0
Nonresidential 2,047.1
Structures 456.4
Equipment and intellectual property products 1,590.7
Residential 516.9
Change in private inventories 106.1
Net exports
Exports 2,259.9
Imports 2,757.2
Government purchases of goods and services and investment spending
Federal 1,245.9
National defense 770.7
Nondefense 475.1
State and local 1,879.6
1) Calculate 2013 consumer spending.
2) Calculate 2013 private investment spending.
3) Calculate 2013 net exports.
4) Calculate 2013 government purchases of goods and services and government investment spending.
5) Calculate 2013 gross domestic product.
6) Calculate 2013 consumer spending on services as a percentage of total consumer spending.
7) Calculate 2013 exports as a percentage of imports.
8) Calculate 2013 government purchases on national defense as a percentage of federal government purchases of goods and services.
Consumer spending in 2013 = Durable goods + Nondurable goods + Services
= $1,263.0 + $2,622.9 + $7,615.7
= $11,501.6 billion
Private investment spending in 2013 = Fixed investment spending + Change in private inventories
= $2,564.0 + $106.1
= $2,670.1 billion
Net exports in 2013 = Exports - Imports
= $2,259.9 - $2,757.2
= -$497.3 billion (negative value indicates trade deficit)
Government purchases of goods and services and investment spending in 2013 = Federal + State and local
= $1,245.9 + $1,879.6
= $3,125.5 billion
Gross Domestic Product (GDP) in 2013 = Consumer spending + Private investment spending + Government purchases of goods and services and investment spending + Net exports
= $11,501.6 + $2,670.1 + $3,125.5 - $497.3
= $16,800.9 billion
Consumer spending on services as a percentage of total consumer spending in 2013 = (Services/Consumer spending) x 100
= ($7,615.7/$11,501.6) x 100
= 66.3%
Exports as a percentage of imports in 2013 = (Exports/Imports) x 100
= ($2,259.9/$2,757.2) x 100
= 82.1%
Government purchases on national defense as a percentage of federal government purchases of goods and services in 2013 = (National defense/Federal) x 100
= ($770.7/$1,245.9) x 100
= 61.9%
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Palmona Company establishes a $310 petty cash fund on January 1. On January 8, the fund shows $205 in cash along with receipts for
the following expenditures: postage, $43; transportation-in, $14; delivery expenses, $16; and miscellaneous expenses, $32. Palmona
uses the perpetual system in accounting for merchandise inventory.
1. Prepare the entry to establish the fund on January 1.
2. Prepare the entry to reimburse the fund on January 8 under two separate situations:
a. To reimburse the fund.
b. To reimburse the fund and increase it to $360. Hint. Make two entries.
The entry to establish the fund on January 1 is: Debit Petty Cash Fund 310, Credit Cash 310
How to prepare journal entry?1. Entry to establish the fund on January 1:
Debit Petty Cash Fund 310
Credit Cash 310
2a. Entry to reimburse the fund on January 8:
Debit Postage Expense 43
Debit Transportation-In Expense 14
Debit Delivery Expense 16
Debit Miscellaneous Expense 32
Credit Cash 105
2b.8-Jan
Debit Petty Cash $255
($360 - $105)
Credit Cash $255
(Being increment of petty cash recorded)
Therefore the entry is Debit Petty Cash Fund 310, Credit Cash 310.
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During the two years he has been working, Jeffrey has saved some money to buy a house. His parents have agreed to loan him part of the down payment, and he has started to look for a house he can afford. He discovered a great house that has two apartments in it. He has looked at all the information carefully, done his budget, and thinks he can afford the house because he will live in only part of it and will rent out the other half. If Jeffrey buys this house, lives in the apartment upstairs and rents out the apartment downstairs, which of the following is true?
Answer:
you have to give "the following"
Which of the following best describes the job market in social media?
Social media is a computer-based technology that is facilitated by the creation and sharing of ideas.
Job market of social media is gaining popularity and is increasing at a very fast rate. As social media is a valuable tool in today's world. Employers use social media networking tools to find jobs and candidates. A good online presence is good for the job markets.Hence the option A is correct that is the no. of jobs in social media has tripled in the past years.
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Read this excerpt describing the mission of the World Bank.
The World Bank is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the common sense. Instead, it plays a different but supportive role in its mission of global poverty reduction and the improvement of living standards.
It provides low-interest loans, interest-free credit, and grants to developing countries for education, health, infrastructure, communications, and many other purposes.
According to this excerpt, what is one major way in which the World Bank differs from a regular bank?
The World Bank is a source of financial assistance.
The World Bank aims to improve living standards.
The World Bank provides low-interest loans and credit.
The World Bank serves people of different income levels.
Answer:
The World Bank is a source of financial assistance.
Explanation:
The World Bank serves people of different income levels but regular banks do that.
The World Bank aims to improve living standards, no because it is more for hep developing countries.
The World Bank provides low-interest loans and credit but there is a better answer.
The World Bank is a source of financial assistance because it help developing countries and has easier loans and credit
The World Bank aims to improve living standards.
What is the role of the World Bank in globalization?The WBG supports developing countries through the development of trade policy to deepen their integration into regional and global economies and increase trade performance while facilitating trade through streamlined border management and more efficient logistics
What are the important global roles that World Bank plays?The World Bank concentrates on long-term investment projects, institution-building, and on social, environmental, and poverty issues. The IMF focuses on the functioning of the international monetary system, and on promoting sound macroeconomic policies as a precondition for sustained economic growth.
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a sustaining innovation is one that initially provides a lower level of performance than the marketplace has grown to accept. Can an organization spend less than another on information systems but still get better value?
Porter's five-forces model states that the less likely it is for businesses to seek out a competitive advantage and the less noticeable the effects of such an advantage will be, the more these forces combine in any given situation.
What is competitive advantage?In order to provide goods or services better or more affordably than its competitors, a corporation must have a competitive advantage. These elements enable the productive unit to produce more sales or higher margins in comparison to its competitors in the market. The term "cost advantage" describes the competitive edge a company can obtain in its market based on costs. Offering lower prices for the same items or increasing profits by reducing production costs are two examples of how to do this. A competitive advantage is a quality that enables a company to outperform its rivals in the business world.
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what is a table in economics and state 5 characteristics of a table
A table is a systematic arrangement of data implementing columns and rows to display information which make it easier for better understanding.
Table number: A table should always be numbered for easy identification
Title of the table
Stubs: These refer to the headings of horizontal rows.
Captions: these refer to the headings of vertical columns
Clear, to the point and a suitable font/ size for the text. Information must be inserted in the same format into the appropriate cells
what are the function of Ware house?
Answer:
see below
Explanation:
Warehouses provide safe storage of goods in large quantities before they can be moved to other locations. Goods are stores in an orderly and systematic manner. Warehouses protect goods against adverse weather and reduce losses due to spoilage.
The major functions of a warehouse are
Storage of goodsSafe storage of goods is the primary function of a warehouse. Manufacturers use warehouse facilities to store finished goods before they can be distributed for consumption. Warehouses are also used by traders to keep goods as they wait for customers to buy.
Protecting goodsGoods in the warehouse are protected from harsh weather conditions such as heat, dust, moisture, and strong winds. Losses and damages to goods are minimal in a warehouse.
Grading and brandingSome warehouses perform value-added services such as branding and grading of products. They are done as per the manufacturers' specifications
ProcessingWarehouse perform processes like breaking bulk where goods are brought in large quantities and are repackaged and sold in smaller quantities.
What is the percentage of Internet searches conducted via mobile phones?
89%
77%
over 50%
under 40%
Answer:
Over 50%
Explanation:
Globally, 68.1% of all website visits in 2020 came from mobile devices—an increase from 63.3% in 2019
What is interpersonal skills for kids?
Early childhood development is reliant on interpersonal interactions, and these interactions have an effect that goes beyond the early child's life, influencing future learning and development at the cognitive, linguistic, socioemotional, and physical levels.
The care provided will support the child's best growth pathways, promoting their future participation in society and optimal functioning. Caregivers who are conscientious and recognize the importance of their contacts with the kid in the early years of life.
According to Bronfenbrenner and Evans, children learn and develop as a result of their interactions with their surroundings. Also widely known and supported by the results of epigenetic studies is the impact of early experiences on the structure and operation of the brain.
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Which of these can be considered “online banking?”
I. A brick-and-mortar bank that allows its customers to transfer money online.
II. A bank that has only a few branches but has customers depositing money online.
III. A bank that does not exist as a real building, but only has an internet presence.
Answer:
D
Explanation:
l, ll, & lll
All the given statements are examples of online banking. Thus, all the given statements are correct statements.
What is online banking?Online banking, often known as internet banking, online banking, or home banking, is a type of electronic payment system that allows clients of banks and other financial institutions to carry out a variety of financial transactions via the website of the financial institution. In order to offer consumers access to banking services in addition to or in substitute for traditional branch banking, the online banking system will normally link to or be a component of the core banking system run by a bank.
Online banking provides greater convenience to some customers by reducing the need to visit a branch bank and the convenience of being able to conduct banking transactions even when branches are closed. It also significantly lowers operating costs for banks by decreasing their reliance on a branch network.
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One reason firms carry inventory is to ______, that is, to use inventory as a buffer between successive internal operations to avoid disruption in the event of equipment breakdowns or accidents.
One reason firms carry inventory is to use inventory as a buffer between successive internal operations
What is inventory?Inventory involves taken records or account of raw materials or resources that are used to produce goods .
It also involves taken account of goods that are available for sale, it helps to know and plan ahead of Productionm
Therefore, One reason firms carry inventory is to use inventory as a buffer between successive internal operations.
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1. What is not a reason why the average size of families is likely to be greater in developing
countries than in developed countries?
(a) Children offer the prospect of security in old age.
(b) Government childcare support is widely available.
(c) Means of birth control are less available and more expensive.
(d) Women are less likely to be part of the workforce.
[1]
students who are interested in fitness-, health-, or therapy-related careers can increase their professional marketability by _____.
Students who are interested in fitness-, health-, or therapy-related careers can increase their professional marketability by obtaining relevant certifications, pursuing higher education, and gaining practical experience in their chosen field.
Obtaining relevant certifications: Certifications are valuable credentials that demonstrate a student's expertise and competency in a specific field. There are numerous certifications available in the fitness, health, and therapy industries, ranging from personal training and group fitness certifications to nutrition, yoga, or physical therapy certifications, among others.
Obtaining relevant certifications can not only enhance a student's knowledge and skills, but also make them more marketable to potential employers or clients.
Certifications can be obtained through reputable organizations that offer industry-recognized certifications and often require passing exams, completing educational requirements, and meeting other criteria.
Pursuing higher education: Pursuing higher education can also be a significant step in increasing professional marketability. Depending on the chosen career path, obtaining a bachelor's or master's degree in a relevant field can open up more opportunities and provide a deeper understanding of the industry.
For example, students interested in therapy-related careers, such as occupational therapy, physical therapy, or speech-language pathology, typically need to obtain a higher education degree and fulfill licensing requirements to practice professionally.
Higher education can provide students with advanced knowledge, research opportunities, and specialized training, which can enhance their qualifications and competitiveness in the job market.
Gaining practical experience: Practical experience is another key factor in increasing professional marketability. Students can gain practical experience through internships, volunteer work, part-time or full-time jobs, or other hands-on opportunities in their chosen field.
Practical experience allows students to apply their theoretical knowledge, develop relevant skills, and build a professional network. It also demonstrates to potential employers or clients that they have real-world experience and are capable of performing the duties and responsibilities of their chosen career.
Practical experience can be gained through various avenues, such as internships at fitness centers, health clinics, or therapy practices, working as a personal trainer or fitness instructor, or volunteering at community health programs.
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