if you decide to produce at a level where marginal cost exceeds marginal benefit (mc > mb), there is a waste of Resources that could be better used somewhere else.
This is further explained below.
What is marginal cost?Generally, The term "marginal cost" refers to the increase or reduction in expenses incurred as a result of manufacturing one more product or catering to one more client. It is also sometimes referred to as the additional cost.
The change in the overall cost that occurs as a result of an increase in the amount produced is referred to as the marginal cost. This is also referred to as the cost of producing an extra quantity.
The term "resource" refers to all of the resources that are present in our surroundings, are possible from a financial, cultural, and technical standpoint, and are available to us so that we may fulfill our requirements and gratify our desires.
In conclusion, If you decide to produce at a level where the marginal cost is higher than the marginal benefit, also known as mc > mb, then you will be wasting resources that may be put to greater use in another setting.
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the movie saving private ryan is about a military mission to find and recover a particular soldier—private ryan. the movie is predominantly about how much was given up in an effort to save this one particular soldier. the main economic theme of the movie is:
So the correct option is B Opportunity cost
In the film, numerous warriors risk their lives to save just one other soldier. Some claim that the movie is making the point that it was a waste of resources and that too many soldiers perished in order to save this one soldier. Opportunity cost is defined as the total cost of an action, in this example reaching Private Ryan, including all associated costs, including the lives of other soldiers who would have been lost.
What is Opportunity Cost?
Everything you give up to obtain something has an opportunity cost. For instance, if I choose to go to the movies rather than to work, the opportunity cost of doing so includes both the cost of the ticket and the wages I would have lost by not working.
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(01.01 lc) a smartphone manufacturer asks its designers to investigate how their products can better support visually impaired users. which economic question are they focusing on?
A smartphone manufacturer requests that its designers explore how their products can better support users with visual impairments. The economic problem are they concentrating on is what they will create.
What should be produced?
What to make is one of the economic question asked, the individual or organisation recognise the wants of people and then generate goods and services to suit their demand.
This is assuring the product fits the need of the end users.
As a result, a smartphone maker requests that its designers research how their products can help assist visual impairments users. The economic question are they focusing on is what to create.
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as the auditor for xyz company, you discover that a mate- rial sale ($500,000 sale; cost of goods of $300,000) was made to a customer this year. because of poor internal accounting controls, the sale was never recorded. your client makes a management decision not to bill the customer because such a long time has passed since the ship- ment was made. you determine, to the best of your ability, that the sale was not fraudulent. using the framework for ethical decision making, determine whether the auditor should require either a recording or a disclosure of the sales transaction. explain your reasoning
Due to lax internal accounting procedures, a material sale entry is being missed in the example situation. The client's decision not to charge the customer is not workable. Despite the fact that the sale was legitimate, it is nevertheless crucial to record it in accordance with GAAP guidelines. The four GAAP disclosure standards are objectivity, materiality, consistency, and caution. The disclosure of each and every transaction that is significant to the corporation is required by the principle of materiality in this situation. The auditing standard 320-Materiality in preparing and carrying out an audit in accordance with ASB is the specific standard applicable to the case.
What is GAAP?
The U.S. Securities and Exchange Commission adopted the accounting standard known as generally accepted accounting principles (GAAP or U.S. GAAP, pronounced similarly to "gap") (SEC). Although the SEC previously said that it intended to switch from U.S. GAAP to the International Financial Reporting Standards (IFRS), this has been a difficult and unclear process because IFRS differs greatly from GAAP. The two sets of standards will "continue to coexist" for the foreseeable future, the SEC stated more recently, as there is no longer a push to convert more U.S. corporations to IFRS.
Extensible Business Reporting Language (XBRL) publications of U.S. GAAP were made available by the Financial Accounting Standards Board (FASB) starting in 2008.
Step 1 The auditor needs to recognize the situation's ethical dilemma is it ethical to not disclose the transaction since it was not fraudulent or should there be a disclosure made since it involves a substantial amount.
Step 2: Determine who will be affected by the decision and their rights. In this situation, all the stakeholders will be affected by the decision since the omission of recording sales affects the profit, balance sheet, cash flows, and in turn, accounts receivables and payables.
Step 3: The most important right is to be judged. The user's right of having all information properly disclosed, the client expects that confidential information is protected and there are no adverse observations.
Step 4: Put across the alternative courses of action. Possible alternatives include sharing confidential information with other clients of the firm or not sharing the information without issuing the audit opinion on the financial statements. The auditor must disclose the appropriate effect of the sale and the subsequent profit on the financial statements with a retrospective effect so that the users can perceive the effect of the omission.
Step 5: Determine the consequences of each alternative course of action prior to issuing the report and also must not share any confidential information till the report is issued.
Step 6: The possible consequences must be assessed and the estimation of the greatest good for the greatest number. Sharing information with clients may cause some of the accounting staff to lose jobs, and may have a negative impact due to unauthorized disclosure of information. It is best to wait till the audit opinion is formulated.
Step 7: Appropriate course of action has to be taken. Confidentiality is of utmost importance to protect the client's rights and must not share any information prior to issuing the report.
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In the wrong hands, which of the following pieces of personal information would present the greatest risk for identity
theft?
a. credit card number
b. date of birth
c.phone number
d. place of birth
Answer:
a
Explanation:
with a credit card number that can access you money, name, and your d.o.b
with a d.o.b they cant do anything bc a lot of ppl have the same birthday
phone number they cant do anything bc more than 1 person have the same number like if someones bill wasnt paid, they recycle the #.
place of birth a lot of ppl were born at the same hospital
In the wrong hands, the credit card number would present the greatest risk for identity theft.
What is credit card number?A credit card number is a string of numbers that appears on the front of the card. Its purpose is to find out who owns the credit card and who owns the account. It also aids in fraud prevention.
With the credit card number, the name, and date of birth of any person can be detected. They can't accomplish anything with a date of birth because so many people share the same birthday.
The credit card number poses the biggest risk of identity theft in the wrong hands.
Therefore, option a is correct.
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Internal Stakeholders → Exhibition that is open to the public, usually requiring an entrance fee.
True
False
Answer:
Explanation:
t
after 30 selfless years of service to our company, renalda garwacki has chosen to take a little more time for herself. with a new grandbaby on the way, renalda looks forward to spending more time with her family. therefore, she will no longer be our receptionist. renalda, enjoy your retirement: we will miss you.
The direct pattern kind of organizational pattern the previous paragraph use.
Direct patternWe use a direct organizational pattern when we want to emphasize the main point, so it goes at the start of the paragraph (in this point, the fact that Renalda wants to take a little more while for herself, therefore she has withdrawn from the position of the receptionist). Then, after the main point, we note details and explanations that help it. This pattern is useful when the textbook gets bored and discouraged easily or by having to search through the paragraph to get to the major topic.
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12. An account having a credit balance in general ledger will be classified as:
A. An asset account
B. An expense account
C. A liability account
D. All of the above
what is one of the most common mistakes salespeople make? question 5 options: walking away too soon relying on charm offering discounts overselling
Overselling is one of the most common mistakes salespeople make.
The salesperson is responsible for greeting clients, assisting them to find gadgets in the shop, and ringing up purchases. To be successful as a sales clerk you have to have tremendous conversation abilities. a very good shop clerk meets income targets even as closing polite and useful to clients.
The definition of a sales clerk is a person who sells goods or offerings. An example of a shop clerk is a person who sells motors. a salesman or saleswoman. someone who is hired to sell services or products.
A salesperson is a person who sells a product or service, and his or her fundamental objective is making income. The sales clerk may also or might not definitely be passionate about the service or product.
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the best method for establishing the existence of resource conflicts across project activities uses:
Out of the choices provided above, it can be said that the best method for establishing the existence of resource conflicts across project activities uses resource loading charts. Therefore, the option D holds true.
What is the significance of the resource loading charts?The resource loading charts, as their name suggests, can be referred to or considered as the charts that are helpful in the establishment of the conflicts that revolve around the use and utilization of resources during an ongoing project or activity.
Therefore, the option D holds true and states regarding the significance of resource loading charts.
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The missing options to the incomplete question have been added below for better reference.
The best method for establishing the existence of resource conflicts across project activities uses:
A. Pareto diagrams.
B. Gantt charts.
C. Network diagrams.
D. Resource Loading Charts.
individual activities and their durations are developed during the phase of the project life cycle.
By looking at the choices provided above, it can be said that the individual activities and their durations are developed during the planning phase of the project life cycle. Therefore, the option A holds true.
What is the significance of a planning phase?The planning phase of a project life cycle can be referred to or considered as the first and introductory phase of a project. It is the phase in which the identification and selection of projects take place.
Therefore, the option A holds true and states regarding the significance of the planning phase of the project life cycle.
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The missing choices to the incomplete question have been added below for better reference.
The individual activities and their durations are developed during the __________ phase of the project life cycle.
A) planning. B) conceptualization. C) execution.
swifty corporation began operations on january 1, 2022. during its first 3 years of operations, swifty reported net income and declared dividends as follows.
The retained earnings statement for swifty Corporation is: $320,920.
Retained earnings statementBalance, January 1 $223,200
($49,200 + $129,000 + $160,800 - $0 - $59,400 - $56,400)
Less Correction for depreciation error $24,800
[$31,000× (1 - 20%)]
Less Cumulative decrease in income from change in inventory methods $36,000
[$45,000 × (1 - 20%)]
Balance, January 1, as adjusted $162,400
($223,200-$24,800-$36,000)
Add Net income $274,320
[$228,600+($228,600×20%)}
Less Dividends declared $115,800
Balance, December 31 $320,920
Therefore the retained earnings statement for swifty Corporation is: $320,920.
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The complete question is:
Swifty Corporation began operations on January 1, 2017. During its first 3 years of operations, Concord reported net income and declared dividends as follows:
Net income Dividends declared
2017 $49,200 $-0-
2018 129,000 59,400
2019 160,800 56,400
The following information relates to 2020.
Income before income tax $228,600
Prior period adjustment: understatement of 2018 depreciation expense (before taxes) $31,000
Cumulative decrease in income from the change in inventory methods (before taxes) $45,000
Dividends declared (of this amount, $31,000 will be paid on Jan. 15, 2021) $115,800
Effective tax rate 20%
Prepare a 2020 retained earnings statement for swifty Corporation.
When an RBT does not know how to perform an intervention or strategy, which of the following is the best course of action?
When an RBT does not know how to perform an intervention or strategy, the best course of action is to ask for training and supervision on the skill.
There is a paraprofessional certification in behavior analysis called Registered Behavior Technician® (RBT®). RBT Supervisors and/or RBT Requirements Coordinators, who are in charge of all work RBTs do, direct and closely supervise RBTs as they aid in providing behavior analysis services and practice.
A patient care plan developed by a board-certified behavior analyst is supported and carried out by a registered behavior technician. They offer ABA interventions that promote replacement behaviors that are socially acceptable so that clients can develop and enhance their communication, social interaction, and problem-solving abilities.
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PLS HELP NOW THIS IS VERY IMPORTANT TO ME
Doug is a creative individual. He’s researching careers that will allow him to create something artistic while also using his technical know-how. Which of the following careers would be the best fit for him?
Group of answer choices
product support engineer
biochemist
audio/visual system technician
choreographer
meteorologist
Answer: I would go with either the product support engineer or the audio technician
Explanation:
Answer:
The answer is Audio/Visual System Technician.
Explanation:
It involves technical knowledge because they will be the one set up, maintain and repair equipment in events. They are also responsible to operate it the best possible way to enhance the show or event they are holding. Microphones, video recorders, projectors, lighting and sound mixing are some of the things they are responsible for.
macario a. what does one minute of operating room time cost?. journal of clinical anesthesia. 2010;4(22):233-6.
One minute of operating room time is estimated to cost excessively 15 US dollars, according to a report by Macario A et al. This excess cost could build up to a sizeable sum of money over the course of a year.
Journal Clinical Anesthesia
The Journal of Clinical Anesthesia (JCA) covers every facet of anesthesia practice, such as anesthetic administration, pharmacokinetics, preoperative and postoperative considerations, coexisting disease and other complicating factors, cost concerns, and other issues anesthesiologists face on a daily basis. Extremely high presentation and accuracy standards are upheld.
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provided that such growth estimates (made by wall street analysts who are interested in tracking this stock) turn out to be unbiased and accurate, shall we expect cat's equity value to grow faster in next 5 years than in past 5 years, or to grow more slowly than before?
Revenue has been flat over the last 3 years. Earnings per share has grown by 5.3%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow.
What is Revenue ?Revenue in accounting refers to the total income from sales of products and services that are directly related to the company's core operations. Sales or turnover are other terms for commercial revenue. Some businesses get money from interest, royalties, or other payments.
\The term "revenue" can refer to income in general or to the total amount of money earned over a certain period of time, as in "Last year, Company X had revenue of $42 million." Profits or net income often represent total revenue less total expenses for a specific time period. Revenue is sometimes referred to as the "top line" in accounting since it increases equity in the Equity portion of the balance statement.
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indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3) owner's equity:
There are various assets and liabilities within the given options.
What is an asset, Liability, and stockholder's equity?Stockholders' equity or equity can be defined as the difference with comes between Assets and liabilities.
An asset can be defined as the investment that the company makes, like a machine cash amount or a Bank amount.
Liability can be defined as the amount that the person is liable to pay another person or a company like bills payable or credit
From the given option, the assets, and liability will be:
Account payable is considered a liability.Bills receivable are considered an AssetFees are also considered an assetPurchasing of supply is termed an assetSupply expense is considered a LiabilityUtility expense is also considered a liabilityLearn more about asset, Liability, and stockholder's equity, here:
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The question is incomplete the complete question will be
Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3) stockholders' equity: a. Accounts payable b. Accounts receivable c. Fees earned d. Supplies e. Supplies expense f. Utility expense
If the government places a $500 tax on luxury cars, the price paid by consumers will rise by.
If the government places a $500 tax on luxury cars, the price paid by consumers will rise by less than $500.
The market has a highly elastic demand for luxury products. The price consumers pay will increase by less than $500 unless the demand for premium cars is perfectly inelastic. This is due to the $500 being distributed to producers in part.
The supply curve will move to the left if a tax is implemented. Depending on the elasticity of supply and demand, the new equilibrium quantity will decrease and the price will increase.
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which is a common use for minerals
Answer:
in food they provide day-to-day nutrients that the body needs in order to function
Explanation:
Answer:
Apple sauce!
Explanation:
Hope this helps sorry if it does not! :0
5. Zen wants to become an artist, but artists are not easily employed . What economic influence might impact Zen's decision to choose this career path ? A.Consumer Prices
B. Consumer Spending
C. Unemployment
D. Gross Domestic Product
Answer:
C. Unemployment
Explanation:
Unemployment is a state where a jobless adult seeks to be hired but cannot find work due to a lack of employment opportunities. The unemployment rate is high when many people are looking for work, but only a few job opportunities are available.
Unemployment is present in every economy but is unevenly distributed in different sectors. In this case, there are few job opportunities for artists. It means the unemployment rate for artists is high. The high possibility of not being employed may influence Zen's decision on his career path.
your company decides not to implement security procedures because employees refuse to comply anyway. this is an example of risk .
Your company decides not to implement security procedures as employees refuse to comply anyway. This is an example of risk acceptance.
Risk acceptance tends to occur when a business or individual acknowledges the fact that the potential loss from a risk is not that great enough to warrant spending money in order to avoid it.
So it is seen that many company or businesses use risk management techniques in order to assess, identify, and prioritize risks for the purpose of monitoring, minimizing, and controlling the said risks.
Hence, as the employees are refusing to comply, the company decides not to implement security procedure.
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I need help with a class on e2020 the class is College and Career readiness need help fast
Answer:
what's your question on it?
Roto rooter is discussing measuring its brand equity. What reasons could the marketing team use to support why brand equity must be measured?.
Brand equity is strategically essential and correlates directly to Roto Rooter's profitability.
The overall impression of your brand, the manner a customer sees your overall brand offering, goods, and services, rather than just the isolated benefits and features of the offerings themselves, is brand equity. Customers are far more likely to remain loyal to your brand and recommend it to others if they have a desirable brand perception and consistently good experience. To obtain substantial brand equity, your brand must be memorable to your customers — it must resonate with their hearts and minds.
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The number of seats a table can have is usually expressed as the number and the word "top". You can have 17, 4-top tables, 28, 2-top tables, 15, 6-top tables and 5, 10-top tables. How many can your restaurant seat?
A) 244 seats
B) 264 seats
C) 288 seats
D) None of the above
Answer:
B) 264 seats
Explanation:
'Top' is the number of seats per table.
17 tables with 4 seats will have
17 x 4 = 68 people
28 2-top tables
28 x 2 =56 seats
15, 6-top tables
15 x 6 =90 seats
5, 10-top tables.
5x10 = 50 seats
Total number of people who can seat
= 68 + 56 +90 +50
=264 seats
select a reason why a company would want to go public. to consolidate control of the company in the hands of management to increase direct oversight from investors to decrease administrative costs to have access to cheaper capital than a private company would
The company would go public to decrease administrative costs
What is Business Consolidation?Business consolidation is the process of combining various business divisions or corporations into a single, larger organization. By eliminating redundant personnel and processes, business consolidation is a legal strategy that is frequently used to increase operational efficiency. No matter how costly and difficult it may be in the short term, business consolidation—often associated with mergers and acquisitions (M&A)—can produce long-term cost savings and a concentration of market share.
There are various business consolidation models, such as variable interest entities and statutory consolidation.
When two or more businesses combine to form one, this is called consolidation. Consolidation of businesses, also referred to as amalgamation, is most frequently linked to M&A activity.
This typically occurs when a number of comparable smaller businesses join forces to create a new, larger legal entity. The smaller entities typically vanish after being absorbed by the acquirer.
Therefore, The most extreme option is to combine various businesses or business units into a completely new entity.
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Pyschographic segmentation involves grouping people based on where they live.
Answer:
False
Explanation:
Psychographic segmentation involves classifying people by preferred activities, interests, opinions, social class, personality, and lifestyle. Psychographic segmentation categorizes customers based on internal characteristics. Psychographic segmentation requires marketers to consider what customers value in life, why they behave in specific ways, and the things they consider valuable.
Geographic segmentation is the strategy marketers use when you serve customers in the same area.
behaving ethically means doing more than just not breaking the law. businesses must also adhere to standards of moral behavior; that is, behavior accepted by society as right versus wrong. these standards are called
Ethics are the standards in place for acceptable behavior by society.
Being ethical entails more than simply not violating the law. Enterprises must also comply with moral behavior standards, that is, behavior that society accepts as right versus wrong. The Company's directors, officers, and employees must follow the Code of Business Conduct and Ethics.
The purpose of the Company's Code of Business Conduct and Ethics is to discourage wrongdoing, promote honest and ethical conduct, and ensure that the Company's business is carried out consistently, ethically, and legally to the most significant degree possible. It is designed to fulfill the requirement for senior financial officers to have a Code of Ethics. Employees may submit complaints or concerns about ethical concerns on a confidential basis.
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internal control is a process designed to provide reasonable assurance regarding the achievement of which objective?
efficiency and Effectiveness of operations, reliability of financial reporting, and compliance with applicable laws and regulations
Internal control is a procedure carried out by a company's management, board of directors, and other staff members that is intended to give reasonable confidence that The data is trustworthy, correct, and current.of adherence to relevant laws, rules, agreements, policies, and procedure Regarding the accuracy of financial reporting
Internal controls are meant to stop mistakes and anomalies, spot issues, and guarantee that the right steps are done to fix them. Because controls are ingrained in operations, process owners throughout your department frequently carry out controls and engage with the system of control on a regular basis, sometimes without even recognizing it.
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since the central service technicians do not handle money, ethics considerations do not apply to them
It cannot be appropriate to state that since the central service technicians do not handle money, ethics considerations do not apply to them. hence, the given statement is false.
What do you mean by ethics?In order to understand what is morally right or wrong, just or unjust, ethics examines the rational justifications for our moral judgments. In a broader sense, ethics considers how people interact with one another and with nature, as well as their own freedom, responsibility, and sense of justice.
Hence, It cannot be appropriate to state that since the central service technicians do not handle money, ethics considerations do not apply to them. the given statement is false.
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"Your question is incomplete, probably the complete question/missing part is:"
TRUE OR FALSE: Since Central Sterile Service technicians do not handle money, ethics considerations do not apply.
(04.03 LC)
Which type of insurance might lenders require borrowers to have
when taking out a mortgage?
A. Collision
B. Health
C. Liability
D. Property
Answer:
Property
Explanation:
Property is what everyone always goes after, besides money.
In mortgage, the lenders insure their amount by taking the property as collaterals from the borrowers.
What is a mortgage?When an amount is granted to a person by a financial institution against a class of asset as security, where non-payment might lead to seizure of such asset by the lender, it is known as a mortgage.
Hence, option D holds true regarding a mortgage.
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durkheim believed that the growing division of labor in industrial societies caused laborers to become more specialized in their tasks, leading to a loss of direction he called blank .
durkheim believed that the growing division of labor in industrial societies caused laborers to become more specialized in their tasks, leading to a loss of direction he called blank is anomie.
Industrial Societies
In sociology, an industrial society is one that is characterised by the use of technology and machinery to facilitate mass production, which supports a big population with a high capacity for division of labour.
What is Anomie?
Anomie, which is frequently spelled anomy, is an unstable condition that affects societies or people as a whole and is brought on by a breakdown in standards and beliefs as well as a lack of ambition or direction. The term was created by French sociologist Émile Durkheim while he was studying bump off. He believed that when societal norms failed to govern behavior, it resulted in some form of bump off (anomic). When a social structure is in a state of anomie, common values and common meanings are no longer acknowledged or accepted, and new values and meanings have not emerged.
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