The estates listed below would serve as a unit of account, a medium of trade, and a store of wealth.
What function does an account serve in business?Accounting is essential to managing a company because it makes it easier to keep track of income and expenses, ensures legal compliance, and gives investors, management, and the state access to quantified financial data that can be used to make decisions.
What are the regulations of an account?The Diamond Rules of Accountancy are used to pass the journal entries. In order to apply these criteria, one needs to first determine the kind of account. Debit what is received, credit what is expended. Credit recipient, credit giver.
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Lucia withdraws $6,000 from her checking account to pay tuition this semester. Assume that the reserve requirement is 20% and that banks do not hold excess reserves. As a result of the withdrawal, required reserves: decrease by $6,000.
b) As a result of the withdrawal, required reserves: decrease by $1,200.
This is because the required reserve ratio is 20%. This means that for every $100 that is withdrawn from the account, the bank must keep $20 in reserves. Since Lucia withdrew $6,000, the bank must keep $1,200 in reserves ($6,000 x 20% = $1,200). Therefore, the required reserves decrease by $1,200.
Required reserves refer to the amount of money that banks must hold in reserve against deposits made by customers. Banks are required to hold a certain percentage of their deposits as reserves with their central bank. These reserves are used to meet customer withdrawals and to cover unexpected losses.
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FILL IN THE BLANK considering both the keynesian and the aggregate demand-supply frameworks, if households as a group experience an increase in wealth at a given price level, then the te curve shift____ , the ad curve shifts ______ , and real gdp .____
The TE curve shifts upward, the AD curve shifts upward, and Real GDP rises if households as a group experience a gain in wealth at a particular price level.
What does Keynes' definition of aggregate demand entail?The Keynesian viewpoint emphasizes total demand. The concept is straightforward: businesses only produce stuff if they anticipate selling it. Thus, a country's potential GDP is determined by the availability of the factors of production, whereas the number of goods and services actually produced and sold, or real GDP, depends on the level of demand across the economy. Let's say GDP falls short of potential. Changes in aggregate demand then directly affect GDP without affecting the level of prices. Real GDP is calculated, in essence.
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a firm that has no ties to a specific nation or region and operates on a worldwide scale is called a national enterprise.
A firm that has no ties to a specific nation or region and operates on a worldwide scale is called a national enterprise. This statement is false.
A company is considered a multinational corporation (MNC) if it conducts business in at least one nation other than its own. It should also produce at least 25% of its revenue outside of its own nation. A multinational corporation typically maintains branches, factories or other facilities throughout the world in addition to a centralized headquarters that organizes worldwide administration. International, stateless or transnational corporate organizations or businesses are other names for multinational corporations. Some might have budgets that are larger than those of small nations. An organization is considered a global corporation if its operations span at least two nations. Some individuals would classify any business having an overseas branch as a multinational corporation.
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FILL IN THE BLANK. E-commerce ________ is the ability of an organization to create a strong presence among consumers in many places, with minimal time constraints, to sell them products and services.
prevalence
selectivity
presence
ubiquity
The capacity of a firm to build a strong presence among customers in numerous areas, with low time limitations, in order to sell them products and services is referred to as e-commerce ubiquity. Thus, the correct choice is ubiquity.
What is ubiquity in e-commerce?E-commerce is the electronic purchase and selling of products utilizing online services over the Internet. Mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange, inventory management systems, and automated data gathering systems are all employed in e-commerce.
The power of a company—and the products and services it sells—to create a dominant presence among customers is referred to as ubiquity. Although physical retail locations and traditional marketing efforts help to attain this aim, the Internet and e-commerce do a lot to increase a company's ubiquity.
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jonas is a 60% owner of ard, an s corporation. at the beginning of the year, his stock basis is zero. jonas's basis in a $20,000 loan made to ard and evidenced by ard's note has been reduced to $0 by prior losses. during the year, jonas's net share of ard's taxable income is $10,000. at the end of the year, ard makes a $15,000 cash distribution to jonas.
Jonas's capital gain on distribution of cash is $5,000.
What is a capital gains distribution?The capital gains distribution is the payment of a percentage of the profits from the sale of stocks and other assets from a mutual fund's or exchange-traded fund's (ETF) portfolio. It represents the investor's pro rata portion of the earnings from transactions made with the fund. Cash distributions made by C-corporations are frequently qualified dividends that result in taxable dividend income.
Such dividend income will be taxed to U.S. citizens at either the short-term or long-term capital gains rates depending on how long they held the dividends. Throughout the year, fund managers buy and sell investments. They are legally obligated to distribute capital gains, which are the earnings from such transactions, to shareholders.
The capital gain on distribution of cash is calculated as follows;
Given
The Capital Gain = Cash Distribution - Jonas's basis in is stock
=$15,000 - $10,000
=$5,000
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The complete question is:
Jonas is a 60% owner of Ard, an S corporation. At the beginning of the year, his stock basis is zero. Jonas’s basis in a $20,000 loan made to Ard and evidenced by Ard’s note has been reduced to $0 by prior losses. During the year, Jonas’s net share of Ard’s taxable income is $10,000. At the end of the year, Ard makes a $15,000 cash distribution to Jonas. After these transactions, what is Jonas’s basis in his stock, and what is his basis in the debt? What is Jonas’s recognized capital gain?
salesperson years of experience annual sales ($1000s) 1 1 80 2 3 97 3 4 92 4 4 102 5 6 103 6 8 111 7 10 119 8 10 123 9 11 117 10 13 136
SST SSR SSE SST SSR SSE SST SSR SSE SST SSR SSE SST SSR SSE SST SSR SSE
TRUE/FALSE. similar to a stock split, a stock also distributes additional shares of stock to existing stockholders on a pro rata basis at no cost to the stockholders.
Similar to a stock split, a stock dividend also distribute additional shares of stock to existing stockholders on a pro-rata basis.
A stock dividend is a distribution of additional shares of stock to existing shareholders on a pro-rata basis, similar to a stock split. It is usually paid out of company's retained earnings and does not require any additional investment from the shareholders. Both stock splits and stock dividends are used by companies to increase the liquidity and marketability of their stock.
The difference between a stock split and a stock dividend is that a stock split increases the number of shares outstanding and reduces par value of each share, while a stock dividend does not change the number of shares outstanding or par value of each share. Instead, a stock dividend simply increases the number of shares held by each shareholder, without changing the overall value of the shareholder's investment.
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which of the following statements is a primary objective of accounting for income taxes? to compare an enterprise's federal tax liability to its state tax liability. to identify all of the permanent and temporary differences of an enterprise. to estimate the effect of the tax consequences of future events. to recognize the amount of deferred tax liabilities and deferred tax assets reported for future tax consequences.
To recognize the amount of deferred tax liabilities and deferred tax assets reported for future tax consequences is a primary objective of accounting for income taxes.
An income tax is a charge levied against people or organizations in relation to the income or profits they make. In most cases, income tax is calculated as the sum of the tax rate and the amount of taxable income. The kind of taxpayer and the type of income are two factors that might affect the tax rate.
The money the government receives is referred to as tax revenue, and it can be used for a variety of things, including building public infrastructures like roads, railways, bridges, dams, and other similar things, financing public healthcare and education, and funding the military and other civil services.
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Hinkley Corporation recently filed the following information with the SEC regarding its executive compensation.
Base Salaries: We provide competitive base salaries that allow us to attract and retain a high-performing leadership team.
Annual Bonus: All executive officers participate in our Company’s Management Incentive Plan (MIP). The MIP is designed to motivate and reward executives by aligning pay with annual performance.
Long-Term Incentives: To better align the interests of management with long-term stockholder interests, we provide long-term incentives to executive officers. We deliver long-term incentives typically in the form of stock options. The long-term incentives are designed to reward executives for increasing long-term stockholder value and to retain them at the company.
Long-Term Incentives:
a) Fixed bonus
b) Local orientation
c) Competitive schemes
d) Short horizon
e) Company-wide orientation
f) Variable bonus
g) Stock-based evaluation
h) Cooperative schemes
i) Accounting-based evaluation
j) Long horizon
The characteristics of long - term incentives are, as awarded by Hinkley Corporation, are:
e) Company-wide orientationf) Variable bonusg) Stock-based evaluationh) Cooperative schemesj) Long horizonWhat are long - term incentives ?A long-term incentive plan (LTIP) is a corporate rule that compensates staff for achieving particular objectives that boost shareholder value.
The retirement plan known as a 401(k) is one sort of LTIP. Employees are more likely to stay with a company until retirement if their employer matches a portion of their contributions to the retirement plan.
An further LTIP is stock options. Employees may be permitted to purchase business stock at a reduced price after a predetermined period of employment while the employer covers the remaining balance.
An LTIP will have a long horizon as it goes far into the future. The schemes will be corporative to encourage team work and the criteria will be Stock-based evaluation. The bonus will be variable depending on performance.
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Harrison, Inc. issued 4,000 shares of common stock at $12 per share. If the stock has a par value of $0.50 per share, which of the following will be part of the journal entry to record the issuance? a. Credit to Paid-in Capital in Excess of Par Value for $48,000 b. Debit to Cash for $4,000 c. Debit to Retained Earnings for $46,000 d. Credit to Common Stock for $2,000
The journals entry to record the issuance will be Credit to Common Stock for $2,000
Debit to cash= 4,000 x 12= 48,000
Credit to Common stock = 4,000 × $0.50 = $2,000
Credit to Paid-in capital in excess of par value = 4,000 × ($12 - $0.50) = $46,000
In the financial markets, a share issue is the sale of new stock or shares by a company to investors. Issuance of shares may involve a private sale in which the transaction between investors and the firm takes place directly or publicly, in which case the firm must register the securities with the authorities and the sale takes place in an organized market open to all registered investors, a process more similar to an auction. Two common types of public stocks are initial public offerings (IPOs) and secondary issues of stock (SEO or FO). It is one of the ways that companies finance themselves, that is, they get funds from investors in order to do business.
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a price taker: (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) check all that apply has more control over setting prices has less control over setting prices uses more target pricing methods uses more cost-plus pricing methods
A price taker is a person who has less control over setting prices.
A person or company that accepts market pricing due to a lack of market share is referred to as a price-taker. In a market with perfect competition, all business owners are considered price takers. This applies to producers and consumers of goods and services as well as to buyers and sellers in the debt and stock markets.
In highly competitive marketplaces, businesses are price takers. If these enterprises charge higher prices than the going market rate for their products, buyers will simply buy from a different lower-cost vendor because all of these businesses provide the same (substitutable) products or services.
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definition sharpe ratio is used to measure the return of an investment to its risk. it is a mathematical expression that is a measure of the excess return (above the risk-free rate) earned in excess of what would have been earned on a risk vs reward investing investment during the same period. when employed for evaluating a portfolio, the ratio can be computed for any number of time periods. for example, the ratio may be computed from daily price data to evaluate performance over one year, or from monthly returns to monitor results over three years.
The Sharpe ratio is used to compare an investment's return to its risk. Instead of demonstrating the amount of expertise of an investor, it is a quantitative expression of the notion.
The reward-to-variability ratio, sometimes referred to as the Sharpe ratio, was created by economist William F. Sharpe in 1966 as a consequence of his work on the capital asset pricing model (CAPM). In 1990, Sharpe won the Nobel Prize in economics for his work on the CAPM.
The numerator of the Sharpe ratio is the difference over time between realized or anticipated returns and a benchmark, such as the performance of a particular investment category or the risk-free rate of return.
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The _____ presentation format assumes that given the appropriate stimulus by a salesperson, the prospect will buy. A. adaptive sellingB.stimulus-responseC.non-suggestive sellingD.consultative sellingE.canned sales
The stimulus-response presentation format relies on the notion that the prospect will buy if the salesperson provides the right stimulus.
What are 3 main duties of salesperson?Presenting, promoting, and selling items and services to current and potential clients while employing persuasive arguments are responsibilities. For fulfill the demands of new and existing customers, do cost-benefit analyses and assessing. Create, grow, and sustain a successful business and customer connection.
What makes a good salesperson?A good salesperson has more to offer customers than just an engaging pitch; they are upbeat, resilient people who take the time to learn about their clients' needs, demonstrate empathy, and deal in a product with assurance.
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yesterday a bank teller failed to nonverbally recognize you as waiting for service. you perceived their lack of acknowledgement as a response.
Yesterday, the bank clerk did not non-verbally recognize that you were waiting for service. They viewed the lack of awareness as disconfirming response.
What are Disconfirming responses and their types?Disconfirming responses diminish the value of the individual receiving them. Impervious reactions ignore the other person's attempt at communication. When one person starts talking before the other has finished delivering their argument, this is known as interrupting responses. Examples: Ignore your opponent's presence. Do not make any non-verbal contact. Avoid direct eye contact etc.
There are following types of disconfirming responses: Inexplicable, interrupting, irrelevant, tangential, impersonal, or ambiguous responses.
What responses ignores the other person's feelings?Emotional devaluation doesn't have to be just verbal either. It also includes non-verbal behaviors such as Rolling your eyes, ignoring the person, or playing on the phone while someone is talking.
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Country X's economy is in an inflationary gap. Which of the following combinations of fiscal and monetary policy actions would restore full employment in the short run?
answer choices
A decrease in income taxes and a decrease in the required reserve ratio
A decrease in government spending and an open-market purchase of government bonds by the country’s central bank
A decrease in government spending and an open-market purchase of government bonds by the country’s central bank
A decrease in government spending and an open-market purchase of government bonds by the country’s central bank
The way to move forward would be a decrease in government spending and an open-market purchase of government bonds by the country’s central bank.
What is an open-market purchase?
The Federal Reserve's purchases and sales of securities on the open market are referred to as "open market operations" (OMO) (Fed). The Fed runs open market operations to control the amount of money held in reserve by American banks. Treasury securities are bought by the Fed to boost the money supply and sold to decrease it. The federal funds rate, which affects other short-term, long-term, and foreign exchange rates, can be changed by the Fed using OMO. This may alter the quantity of money and credit accessible to the economy and have an impact on a number of economic variables, including output, unemployment, and the price of goods and services.
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TRUE/FALSE. in porter's terminology, the umpqua bank follows a strategy. operational excellence focus overall cost leadership differentiation middle-of-the-road
False. The Umpqua Bank follows a "Middle-of-the-Road" strategy, which combines elements from all of the other strategies.
This strategy focuses on providing a balance of cost leadership and differentiation, while also striving for operational excellence. Michael Porter is a leading business strategist and author who is well known for his Five Forces framework.
This framework is used to analyze the competitive landscape of an industry. Porter's Five Forces include the threat of new entrants, the threat of substitutes, the bargaining power of buyers, the bargaining power of suppliers, and the competitive rivalry among existing firms.
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In a BIP problem, 1 corresponds to a yes decision and 0 to a no decision. If there are 4 projects under consideration (A, B, C, and D) and at most 2 can be chosen then the following constraint needs to be added to the formulation:
The following limitation needs to be added to the formula A+B+C+D2 if there are four projects (A, B, C, and D) under consideration and only two can be chosen.
What is a constraint graph?A constraint network can be depicted by the graph referred to as a primal constraint graph, or just a constraint graph. A variable is represented by each node on the graph, and the arcs connecting those nodes whose variables are covered by a constraint scope of the issue are known as constraints.
What makes a constraint either linear or nonlinear?If every term in a constraint is of the first order, then it is said to be linear. Indicating that the constraint has no variables that have been squared, cubed, or raised to powers other than one, split by variables, or multiplied by themselves. Also necessary is proportionality.
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Both accounts receivable and notes receivable represent claims that are expected to be collected in cash. a. True b. False
Both accounts receivable and notes receivable represent claims that are expected to be collected in cash. True
The term accounts receivable describes accounts that a company is entitled to get since it has provided a good or service. Receivables, also known as accounts receivable, are a company's line of credit that typically include terms that call for payments to be made within a somewhat short time frame.
A note receivable is an asset account linked to an underlying promissory note that specifies in writing the terms of payment for a purchase between the "maker" of the note and the "payee," who is normally a business and is occasionally referred to as a creditor (usually a customer or employee, and sometimes called a debtor).
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Which of the following factors is important in selecting a forecasting method? O Data availability O Time horizon to forecast O Observing trend or seasonality in data O All of the other choices
B) When choosing a forecasting method, time horizon to forecast factors are crucial.
Since accuracy is the most important aspect, choosing a forecasting method should only take into account forecast accuracy.
How does data forecasting work?An estimate is an expectation made by concentrating on verifiable information and past examples. Data that has been collected over a long period of time is analyzed by businesses using software tools and systems.
What kinds of data are available for forecasting?Opinions, guesses, facts, figures, and other relevant data are all used to make forecasts. When making a forecast, every factor reflects, at least in part, what the company has done in the past and what is thought to be likely to happen in the future.
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____ 12. If a firm acquires the stock of a competing firm that causes a substantial lessening of competition, it would be in violation of the:
a.
Clayton Act.
b.
Robinson-Patman Act.
c.
Sherman Antitrust Act.
d.
Federal Trade Commission Act.
e.
Interstate Commerce Act.
If a firm acquires the stock of a competing firm that causes a substantial lessening of competition, it would be in violation of the: a. Clayton Act.
In finance, stock consists of all of the stocks by using which possession of a corporation or company is split. A unmarried percentage of the inventory method fractional possession of the agency in proportion to the whole number of stocks. A inventory, additionally known as fairness, is a safety that represents the possession of a fragment of the issuing organisation. devices of inventory are known as "shares" which entitles the owner to a percentage of the agency's belongings and income identical to how lots stock they very own.
shares constitute possession in a publicly traded organization. while you buy a employer's stock, you end up part-owner of that company. as an example, if a organization has one hundred,000 stocks, and also you purchase 1,000 of them, you own 1% of the business enterprise.
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johnel, of abc escrow, is beginning to work on the escrow procedures of the van horn - simpson file. she prepares the instructions; orders the title search and report; requests new loan instructions and documents; negotiates the fee due abc escrow from the parties involved; and accepts the pest control report and other reports. which of these procedures is prohibited?
As part of the escrow process, Johnel shouldn't be negotiating the payment owed to ABC Escrow. The payment of the escrow holder's fee is a topic of discussion between the buyer and seller.
As a condition of buying their new house, the Van Horns must deposit money with ABC Escrow. The Van Horns are the grantees, and ABC Escrow is the third party. Escrow is established by this transaction. The instructions are regarded as unilateral and only apply to the Van Horns; as a result, only the Van Horns, their agent, and ABC Escrow may be aware of them as Johnel prepares the instructions; orders the title search and report; requests new loan instructions and documents; negotiates the fee due ABC Escrow from the parties involved.
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customer life-cycle (clc) planning is: group of answer choices making sure each product does not become obsolete. reducing product cost to support a low price strategy. a strategy for retaining customers over much of their lifetime. reducing marketing communicatio costs over the product life-cycle (plc). all of these answers are correct.
Customer life-cycle (clc) planning is (c) a strategy for retaining customers over much of their lifetime
The main goal of customer life cycle planning is to keep clients for the majority of their lives. It is because consumers do not support brands or products for an extended period of time. By offering goods and services that satisfy consumers' requirements, wants, and expectations, businesses want to extend their customers' stay.
Customer lifecycle management, or CLM, is the measurement of several customer-related metrics that, when examined over time, reveal an organization's success.
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the retail environment in developing countries presents challenges for marketing nonperishable items. in mexico, proctor
The retail environment in developing countries presents challenges for marketing nonperishable items. In Mexico, Proctor, and Gamble, Unilever, Colgate-Palmolive, and other global consumer product companies use mom-and-pop stores for their products.
Mom and pop is a colloquial term used to describe a small family-owned or independent business. Mom-and-pop stores are often operations that struggle to compete with more substantial establishments, such as big box retailers, who generally boast more buying power than smaller players. The popularity of mom-and-pop stores is on the rise. Traditional mom-and-pop businesses like bookstores and pharmacies have found it financially difficult to compete with large chain stores.
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When a cost formula is used to describe a mixed (semi-variable) cost behavior pattern, total costs are expected to increase and per unit variable costs are expected to:
remain constant as the level of activity increases.
decrease as the level of activity increases.
decrease as the level of activity decreases.
increase as the level of activity increases.
remain constant as the level of activity increases.
When a cost formula is used to describe a mixed (semi-variable) cost behavior pattern, total costs are expected to rise while per unit variable costs are expected to stay the same as activity levels rise.
What is the semi-variable cost formula?
Semi-variable cost is the sum of fixed and variable costs. Change in cost divided by change in output is variable cost per unit.
What is a cost that is semi-variable?
A cost that is made up of a mix of fixed and variable parts is called a semi-variable cost, a semi-fixed cost, or a mixed cost. After a certain level of production or consumption is exceeded, costs become variable and become fixed.
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jan. 19 sold merchandise on account to dr. kyle norby, $17,190. the cost of goods sold was $9,550. june 2 received $5,500 from dr. kyle norby and wrote off the remainder owed on the sale of january 19 as uncollectible. oct. 23 reinstated the account of dr. kyle norby that had been written off on june 2 and received $11,690 cash in full payment. journalize the above transactions in the accounts of canyon river medical co., a medical equipment company that uses the direct write-off method of accounting for uncollectible receivables.
The journal entry for the given transaction is written as follows.
Jan. 19 Accounts receivable Dr. $ 17,190
To Sales $ 17,190
( Sales details)
Cost of Goods Dr. $ 9,550
To Inventories $ 9,550
(Purchase details)
The term journal entry in accounting is known as the method used to record all individual financial transactions made by a company into its journal.
Here we have given the list of transactions.
And we need to journalize the transaction based on the credit and debit basis.
While we looking into the given question, here the following transactions are given
The first step for preparing the journal is to identify the debits and credits,
Here we have given that on Jan. 19 sold merchandise on account to dr. Kyle Norby, $17,190 and the cost of goods sold was $9,550.
Here the merchandise account will fall under debit and the goods sold falls under the credit.
So, the journal for the given transaction has been created above.
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Which of the following exerts force necessary to focus on distant objects? Note: the correct answer to this question is correct, but misleading. As the smooth muscle relaxes, force is exerted on the suspensory ligaments. The question will not appear on the final. Please enter "smooth muscle in the ciliary body".not . Elastic tissue in the lens
c. Smooth muscle in the ciliary body.
The tissue ring that surrounds the lens is known as the ciliary body. The ciliary body is made up of ciliary muscles, which are smooth muscular fibers that help to shape the lens. There are ciliary processes that contain capillaries on the lens' posterior surface. The fluid (aqueous humor) is secreted into the anterior part of the eyeball by the capillaries.
The short ciliary nerves that emerge from the ciliary ganglia supply parasympathetic fibers to the ciliary muscle. While presynaptic parasympathetic fibers to the ciliary ganglia travel with the oculomotor nerve, the parasympathetic postganglionic fibers are a component of cranial nerve V1 (Nasociliary nerve of the trigeminal).
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Complete Question:
Which of the following exerts force necessary to focus on distant objects? Note: the correct answer to this question is correct, but misleading. As the smooth muscle relaxes, force is exerted on the suspensory ligaments. The question will not appear on the final. Please enter "smooth muscle in the ciliary body".
Select one:
a. Smooth muscle in the optic nerve
b. Elastic tissue in the lens
c. Smooth muscle in the ciliary body
d. Smooth muscle in the sclera
e. Smooth muscle in the iris
In order to reduce its production costs, Delta LLC has moved its manufacturing facilities to an developing country where there are few labor protection laws. The employees at the manufacturing facilities are children and teenagers who receive minimal wages. Which of the following ethical issues is illustrated in this scenario?
A. Substandard working conditions
B. Information manipulation
C. Opportunistic exploitation
D. On-the-job consumption
E. Self-dealing
Ethical issues is illustrated in this scenario (a)- Substandard working conditions.
The correct answer is (a).
Work situations are understood as any factor of work with viable terrible effects for the health of workers, along with, further to environmental and technological components, paintings organization and control issues.
Even though we endure in thoughts that sickness isn't some thing foreign to the human situation, however that it's miles a part of its nature, in addition to fitness, it's far no much less proper that at work we get with regards to risky materials, materials and machines, with pressured bodily needs, with dangerous environmental and climatic situations, and so forth.
It's miles viable to avoid unjust infection and loss of life, within the experience of preventable, premature, and with those adjectives maximum of the paintings-related damages may be defined.
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The following are the components in determining cost of goods sold Determine the missing amounts Beginning Inventory Purchases (a) (b) S S $81,000 $48,300 $ $105,200 5 $115,000 Cost of Goods Available for Sale $113,000 $159.000 Ending Inventory $33,900 S $30,700 $ Cost of Goods Sold $120,000 This problem has been solved!
$66,200, $79,100, $128,300 are the missing amounts Beginning Inventory Purchases.
(a) Cost of goods available for sale= Beginning inventory + Purchases
= $81,000+$105,200
= $186,200
Cost of goods sold =Cost of goods available for sale- Ending inventory
$120,000 = $186,200-Ending inventory
Ending inventory = $186,200-$120,000
= $66,200
(b) Cost of goods available for sale= Beginning inventory + Purchases
$113,000 = $48,300+ Purchases
Purchases = $113,000-$48,300
= $64,700
Cost of goods sold =Cost of goods available for sale- Ending inventory
= $113,000-$33,900
= $79,100
(c) Cost of goods available for sale= Beginning inventory + Purchases
$159,000 = Beginning inventory + $115,000
Beginning inventory = $159,000-$115,000
= $44,000
Cost of goods sold =Cost of goods available for sale- Ending inventory
= $159,000-$30,700
= $128,300.
inventory or stock refers to the products and materials that a enterprise holds for the last goal of resale, manufacturing or utilisation. stock control is a field on the whole about specifying the shape and placement of stocked items.
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Which of the following is not a threat to the revenue cycle sales order entry process? A) incomplete orders. B) invalid orders. C) cash flow problems
cash flow problems is not a threat to the revenue cycle sales order entry process.
The appointment or hospital visit initiates the revenue cycle, which concludes when the hospital or provider is fully compensated for the services rendered. Preregistration, registration, charge capture, claim filing, remittance processing, insurance follow-up, and patient collections are the seven steps of the revenue cycle. The financial management procedure that aids in tracking, identifying, collecting, and managing incoming payments is known as revenue cycle management (RCM). By doing this, businesses can encourage financial openness inside their organisation and ensure that people are charged fairly for the services and medical care they get. The financial procedure that healthcare institutions employ to track patient care episodes from registration and appointment scheduling through the final payment of a balance is known as revenue cycle management (RCM), and it makes use of medical billing software.
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the basic principle for recording nonmonetary transactions at fair value. modifications of the basic principle for recording nonmonetary transactions when fair value is not determinable or the exchange lacks commercial substance. the concept of commercial substance. the required disclosures for nonmonetary transactions.
The basic principle for recording non-monetary transactions at fair value - ASC 845-10-30-1.
A principle is a proposition or value that is a guide for behavior or evaluation. In law, it is a rule that has to be or usually is to be followed. It can be desirably followed, or it can be an inevitable consequence of something, such as the laws observed in nature or the way that a system is constructed. The principles of such a system are understood by its users as the essential characteristics of the system, or reflecting system's designed purpose, and the effective operation or use of which would be impossible if any one of the principles was to be ignored.[2] A system may be explicitly based on and implemented from a document of principles as was done in IBM's 360/370 Principles of Operation.
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