management assertions about financial statement presentation and disclosure are primarily found ______.
Answers
Management assertions about financial statement presentation and disclosure are primarily found in the footnotes to the financial statements.
A management assertion is a statement that management makes in relation to how the financial statements are prepared and presented. They give auditors a framework to assess the financial statements as well as the underlying accounting records and systems.
The footnotes include management's explanations and justifications for the accounting policies and estimates used in the preparation of the financial statements, as well as more information and specifics about the amounts and disclosures presented in the financial statements. Since they are a crucial component of the financial statements, the footnotes must follow the same auditing standards and procedures as the rest of the financial statements.
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Related Questions
Why is it important for a company to have structure?:
Answers
It is important to give your company a framework that allows it to grow over time. Structure will give employees more clarity, help manage expectations, enable better decision-making and provide consistency
Answer: Organizational structure provides guidance to all employees by laying out the official reporting relationships that govern the workflow of the company. A formal outline of a company's structure makes it easier to add new positions in the company, as well, providing a flexible and ready means for growth.
Explanation:
Click this link to view O*NET's Work Activities section for Registered Nurses. Note that common activities are listed
toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some
common work activities performed by Registered Nurses? Check all that apply.
communicating with supervisors, peers, or subordinates
making decisions and solving problems
repairing and maintaining mechanical equipment
drafting technical devices
assisting and caring for others
O documenting/recording information
Answers
Answer:
acdf
Explanation:
Answer:
C,D,E
Explanation:
right on Edge
Many homeowners and businesses are installing solar electric systems. Greater use of solar electric systems benefits the environment because it A depends on the greater use of fossil fuels B conserves nonrenewable resources C produces gases that cause global warming D reduces the need for the ozone shield
Answers
When manufacturing products, direct labor and direct materials are classified as:__________
Answers
Direct materials and direct labor are categorized as follows during product manufacturing: When goods are sold, product costs and expenses. Option C is correct.
Direct materials are the parts of a product that are made. Materials that are directly used in the production of a finished product, such as chair wood, are referred to as direct raw materials. On the income statement, direct raw materials are included in the cost of goods sold and placed in current assets.
Materials that become a part of the finished product are called direct materials. Items that will be utilized in the manufacturing process to produce the final product are referred to as direct materials. Typically, these materials are obtained from suppliers and kept in stock until required for production.
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Complete question as follows:
When manufacturing products, direct labor and direct materials are classified as
A. period costs and expenses when the goods are sold
B. product costs and expenses when incurred
C. product costs and expenses when the goods are sold
D. period costs and expense when incurred
why is it important to balance chaos and order as well as evolution and revolution?
Answers
Balancing chaos and order as well as evolution and revolution is important for several reasons.
First, chaos and order represent two opposing forces that need to be balanced for optimal functioning. Too much chaos can lead to unpredictability, disorganization, and inefficiency, while excessive order can stifle creativity, innovation, and adaptability. Finding the right balance allows for flexibility, adaptability, and efficient decision-making.
Similarly, balancing evolution and revolution is crucial for progress and growth. Evolution involves gradual, incremental changes that build upon existing structures, while revolution represents more radical, transformative shifts. Striking a balance between the two allows for a healthy combination of continuity and innovation, ensuring that organizations and societies can adapt to changing circumstances while preserving stability and continuity.
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Tyler cannot afford to hire a sales person for his small business but feels personal selling is the best way to encourage prospects to become customers.You remind him that:_____
Answers
Answer:
the most cost-efficient mode of selling may be to use sales or marketing representatives
Explanation:
Personal selling by Tyler can divert his focus from proper management practices of the firm's activities.
Selling involves constant interaction with the customer and follow up on prospective clients.
This can be stressful and lead to lose of sales revenue through ineffective customer engagement.
Hiring a sales representative is more cost effective because sales representatives are hired on a contract basis with commission paid on performance.
This ensures that a reasonable amount is paid to get execute the sales process.
A _____, offered by companies such as American Express, carries no spending limit, and the entire amount billed to the card is due at the end of the billing period.
Answers
Answer:
Charge card
Explanation:
A charge card is a type of electronic payment card in which there is no interest is to be charged but you needs to the pay the balance of the statement either full or monthly basis. Also it has the highest annual fee that should be charged
So as per the given situation, it is the charge card scenario
Which is a first step to deter thieves from accessing your financial information?.
Answers
The first step to deter thieves from accessing your financial information is to never send personal information over email or telephone.
Maintaining the security of your personal information is crucial if you want to avoid identity theft. Your financial accounts, medical information, credit score and other crucial personal documents can all be accessed using this information. Hence, it is necessary to safeguard your personal information.
Email is undoubtedly a practical method of communication, but it is in no way safe and should not be used to transmit critical data. However, the majority of email users are unaware of these risks. Passwords, credit card information and important documents are all too frequently shared among email users. It is important to note that email accounts are one of the most popular targets for hackers. And it doesn't take much for a hacker to trick an unwary and unskilled user into a phishing assault, which allows them immediate access to their whole email. This is why it's crucial to refrain from sending private messages over email or even telephones.
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Why should you log into your online or mobile app account with the travel charge card vendor?.
Answers
There are different reasons why people travel. Why one should you log into your online or mobile account with the travel charge card vendor is that;
Because it helps to give quick access to statements, payments, and mobile alerts.What does a government travel card help you with?The application process for a government travel credit card is known to be very hard when compared to personal credit card.
The government card can help you with credit as by putting credit into the hands of people who are not qualified to get credit on their own or due to other reasons. With the card, it is very easy to do any transaction and make any payment.
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quizlet swarten corporation issued600sharesofno-parcommonstockfor$8,200.prepareswarten’s journal entry if (a) the stock has no stated value, and (b) the stock has a stated value of $2 per share.
Answers
The journal entry would be as follows: (a) If the stock has no stated value, the entry would debit Cash for $8,200 and credit Common Stock for $8,200. (b) If the stock has a stated value of $2 per share, the entry would debit Cash for $8,200 and credit Common Stock for $1,200 and Additional Paid-in Capital for $7,000.
(a) When the stock has no stated value, the entire proceeds received from issuing the shares are recorded as Common Stock. The entry would be:
Debit: Cash $8,200
Credit: Common Stock $8,200
(b) If the stock has a stated value of $2 per share, a portion of the proceeds is allocated to Common Stock equal to the stated value per share, and the remaining amount is recorded as Additional Paid-in Capital. The entry would be:
Debit: Cash $8,200
Credit: Common Stock $1,200
Credit: Additional Paid-in Capital $7,000
In both cases, the Cash account is debited to reflect the inflow of cash from the issuance of stock, while the Common Stock and Additional Paid-in Capital accounts are credited to record the issuance of shares and the allocation of proceeds between the stated value and additional paid-in capital, depending on the presence or absence of a stated value for the stock.
Therefore, (a) If the stock has no stated value, the entry would debit Cash for $8,200 and credit Common Stock for $8,200. (b) If the stock has a stated value of $2 per share, the entry would debit Cash for $8,200 and credit Common Stock for $1,200 and Additional Paid-in Capital for $7,000.
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COMPLETE QUESTION
Swarten Corporation issued 600 shares of no-par common stock for $8,200. Prepare Swarten's journal entry if (a) the stock has no stated value, and (b) the stock has a stated value of$2 per share.
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
Answers
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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publishers confirm that the printed dictionary market is disappearing. sales of printed dictionaries have decreased sharply in recent years, as have industry profits. this is obviously due to ease of looking up word definitions on the internet. at what stage of its product life cycle is the printed dictionary?
Answers
The printed dictionary market is most likely in the decline stage of its product life cycle.
This stage is characterized by decreasing sales and profits, as well as the emergence of new technologies that make the product less necessary. In this case, the ease of accessing word definitions on the internet has made printed dictionaries less relevant for consumers. As a result, publishers are experiencing a decline in demand and revenue for their printed dictionary products.
In the decline stage, companies typically face a difficult decision: either try to revive the product through innovation or gradually phase it out. Publishers may try to innovate by incorporating digital features or expanding the scope of their printed dictionaries to appeal to a niche market. However, given the overwhelming shift toward digital technologies in the modern era, it seems unlikely that printed dictionaries will regain their former popularity.
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Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.
Answers
A family can have more than one person contributing to the household income for a better financial position.
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ways in which landscape can be created .plz answer this
Answers
Answer:
finding land and making the land into wha ever yu want
Explanation:
hopes this helps
Name the choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing.
Answers
The choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing includes the time, energy, and space
What is the meaning of Choreography?In art, a choreography means the way in which an idea is expressed physically through dance. When developing this concept, the users usually relies on important principles of organization to ensure that the idea takes a clear, appropriate, and aesthetically pleasing form.
These are principles that comprises the basic ingredients for the dancers' movements and patterns and help the choreographer utilize space, express intention and the music, and organize the dancers.
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assume that smith deposits $150 in currency into her checking account in the xyz bank. later that same day, jones negotiates a loan for $900 at the same bank. in what direction and by what amount has the supply of money changed?
Answers
Assume that smith deposits $150 in currency into her checking account in the xyz bank. Later that same day, jones negotiates a loan for $900 at the same bank. The money supply increased by $900.
What transpires when the money supply rises?
Lower interest rates are often a result of increased money supply, which leads to more investment and more money in consumers' hands, which in turn boosts consumption. In response, companies place larger orders for raw materials and boost output.
How is the money supply regulated?
The RBI uses a variety of methods to control the amount of money in the economy: The central bank uses both quantitative and qualitative tools to manage the money supply. Through adjustments to the CRR, bank rate, or open market functions, quantitative instruments can control the size of the money supply.
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Assume that smith deposits $150 in currency into her checking account in the xyz bank. Later that same day, jones negotiates a loan for $900 at the same bank. The money supply increased by $900.
What happens as the money supply expands?
Increased money supply often results in lower interest rates, which encourages more investment and more money in consumers' hands, which in turn increases consumption. As a result, businesses increase their orders for raw materials and increase output.
How is the amount of money controlled?The RBI employs a range of techniques to regulate the amount of money in the economy. The central bank controls the money supply using both quantitative and qualitative instruments. Quantitative instruments have the ability to regulate the amount of money in circulation via changing the CRR, bank rate, or open market operations.
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Project manager Anna is working with her team on risk management. Match the components of risk management with what each component involves.
includes risk identification
includes impacts of risks and
responses
Includes action for minimizing risks
Includes risk monitoring
includes analysis of consequences
includes prioritization of measures
Answers
These management of risk serves as assessment and controlling of threats to an organization's capital and earnings.
What is risk management?This management entails the identifiying, analyszing and responding to risk factors that form part of the life of a business.
The risk identification in risk management includes documenting and communicating of concern of threats.The impacts of risks & responses in risk management includes efforts to assess the consequences of an existing risk.The action for minimizing risks inculudes use of insurance to minimize loss occuring from a risk.The action of risk monitoring tracks and evaluates the levels of risk in an organisation.In conclusion, the risk management is an essential part for an a project management because a managed risks will significantly increase the likelihood of project success.
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Answer:
includes risk identification- Risk Evaluation
includes impacts of risks and responses- Risk Control
Includes action for minimizing risks- Risk Control
Includes risk monitoring- Risk Evaluation
includes analysis of consequences- Risk Evaluation
includes prioritization of measures- Risk Control
Explanation:
one of the consequences of the u.s. trade deficit is that - a the distribution of income in the united states has become less unequal. b the system of flexible exchange rates has been abandoned in favor of a new gold standard. c domestic inflation has resulted. d the accumulation of american dollars in foreign hands has enabled foreign firms to build factories in america.
Answers
One of the consequences of the U.S. trade deficit is that a domestic inflation has resulted. Option C is correct.
The US trade deficit occurs when the value of goods and services that the US imports exceeds the value of goods and services that it exports. One consequence of a trade deficit is that it can lead to an accumulation of American dollars in foreign hands, which can then be used by foreign firms to invest in the US.
This can result in the building of factories in the US by foreign companies. Another consequence is that a trade deficit can put downward pressure on the value of the US dollar, which can lead to inflation in the domestic economy.
Hence, C. is the correct option.
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The following graph presents the market for keyboards in 2016. Between 2016 and 2017, equilibrium quantity of keyboards remained constant, but the equilibrium price of keyboards increased. Given this information, you can conclude that between 2016 and 2017, the supply of keyboards ___ and the demand for keyboards ____.
Make changes to The graph to illustrate your answer by showing the positions of the supply and demand curves in 2017.
Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag get a little farther
Answers
Between 2016 and 2017, the supply of keyboards decreased and the demand for keyboards increased. This would result in an increase in the equilibrium price and a constant equilibrium quantity. The supply curve would shift leftwards and the demand curve would shift rightwards, both relative to the original positions in 2016.
What is equilibrium price?The term "equilibrium pricing" in economics refers to the price at which consumers' willingness and ability to buy an equal amount of an item or service as suppliers' willingness and ability to deliver that same amount. There is neither an excessive supply of goods nor an excessive demand, signalling a market in equilibrium where the forces of supply and demand are balanced. Since buyers and sellers may freely exchange goods and services at the equilibrium price, there are no market pressures to modify the price at that point. Up until a change occurs, such an increase or reduction in supply or demand, the market will continue in an equilibrium condition until it adjusts and finds a new equilibrium price.
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PLEASE I NEED 2 PARAGRAPHS BY MONDAY!
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The four Ps of Marketing is a product, price, place, and promotion. Thus, a lemonade ad should contain all four marketing strategies.
The ad for the lemonade stand will start with a bright yellow catchy brochure, intending the product, i.e, lemonade. The brochure will mention different types of lemonades one will be offering in their stand. The brochure will detail every content in great catchy fonts. Then the product brochure will have the list of prices added next to its menu of products.
Along with the brochure, there will be SNS platforms promoting the product and there will be a launch for the disclosure of the place of the lemonade stand. The promotion of the product will be included in the local daily newspaper along with the distribution of brochures and on SNS sites.
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in 1979, when the consumer price index was 72.58, men earned a median income of $11,779 per year. if the consumer price index in 2015 was 236.99, how much was $11,779 in 2015 dollars?
Answers
The equivalent value of $11,779 in 2015 dollars is approximately $26,610.32.
To calculate the value of $11,779 in 2015 dollars, we need to adjust it for inflation using the Consumer Price Index (CPI) values for 1979 and 2015.
First, we calculate the inflation rate between 1979 and 2015 using the formula:
Inflation rate = (CPI in 2015 - CPI in 1979) / CPI in 1979
Inflation rate = (236.99 - 72.58) / 72.58 ≈ 2.261
This means that prices increased approximately 2.261 times between 1979 and 2015 due to inflation.
To find the value of $11,779 in 2015 dollars, we multiply it by the inflation rate:
Value in 2015 dollars = $11,779 * 2.261 ≈ $26,610.32
Therefore, the equivalent value of $11,779 in 2015 dollars is approximately $26,610.32.
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the market value of a home is the value the property actually sold for and the transactional value is the property's most probable selling price. select one: true false
Answers
The given statement is false because the transactional value is the actual value at which the home is sold and market value refers to the most probable selling price of the home.
The transactional value refers to the price actually paid or payable for the property. In contrast, the market value refers to an opinion about the selling price of the property in a competitive market.
So in the context of the given question true statement is as the transactional value of the home is the actual value to be paid for the house after selling. While the market value is the price the home would most probably fetch in the marketplace.
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Ben quit his job as an economics professor to become a golf professional. He gave up his $30,000 salary and invested his retirement fund of $50,000 (which was earning 10 percent interest) in this venture. After all expenses, his net winnings were $35,000. Ben's economic profits were
Answers
Answer:
Economic profit = $0
Explanation:
Economic profit = Revenue - Opportunity cost
Economic profit = $35,000 - (30,000 + (10% x 50,000))
Economic profit = $35,000 - $35,000
Economic profit = $0
Economic profit can be calculated by deducting the opportunity cost from the revenue earned. Here the economic profit is $0 as Ben lost his salary of $30,000 and the interest on retirement fund just for $35,000 revenue.
The economic profit is zero.
Important information:He gave up his $30,000 salary and invested his retirement fund of $50,000 (which was earning 10 percent interest) in this venture. After all expenses, his net winnings were $35,000.
Calculation of the economic profit:Economic profit = Revenue - Opportunity cost
Economic profit = $35,000 - (30,000 + (10% x 50,000))
Economic profit = $35,000 - $35,000
Economic profit = $0
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according to the text, ________ are the most important actors in a company's microenvironment.
Answers
According to the text, customers are the most important actors in a company's microenvironment.
How Microenvironment Affect Business Decisions?Micro variables rarely have an equal impact on all companies in a sector in the marketing environment. The reason is that every business is unique in terms of its scope, capabilities, available resources (financial and human), and overall business strategies. For instance, competition have an impact on how businesses make decisions. A well-known brand of Apple Inc. is MacBook Pro. Apple Inc. is having a difficult time and is undoubtedly influenced by the HP Spectre 13 and Dell XPS 13 laptops when making decisions. Apple has already released a touch bar with usable keys. Around order to compete with its rivals and maintain its client base, Apple Inc. may release a MacBook Pro with an Intel Coffee Lake Processor in the middle of 2018.
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Isabel and Stuart open a money market account to begin saving for the
college expenses of their newborn daughter. This is an example of a
investment strategy.
O A. high-return
B. diversified
C. long-term
O D. high-risk
SUBMIT
Answers
Considering the situation described above, this is an example of a "Long-Term investment strategy."
What is a Long-Term Investment Strategy?Long Term Investment Strategy is a type of investment decision in which the investor hopes to reap the rewards later, usually five years or more.
Given that Isabel and Stuart opened a money market account to begin saving for the college expenses of their newborn daughter, which may take an average of 16 years or more before they reap it, this is an example of a "Long-Term Investment Strategy."
Hence, in this case, it is concluded that the correct answer is "Long-term investment strategy."
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Answer: C, long-term
Explanation: just finished test
Which of the following is an indirect competitor for a company that makes chocolate chip cookies? A. Another company that makes chocolate chip cookies B. A company that makes potato chips C. A company that makes baking pans D. A company that makes brownies Please select the best answer from the choices provided A B C D
Answers
The correct answer is:
D. A company that makes brownies.
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When it is about the indirect competitor for a company that makes chocolate chip cookies is that company which is engaged in manufacturing brownies. Hence, Option D is correct.
What is an indirect competitor?In this scenario, there is cut-throat competition among the product producers of any of the products. It is not only about the producers; there is competition in the whole world.
When it comes to the types of competitors, there are basically two types of competitors. One is a direct competitor, and the second is an indirect competitor. The indirect competitor is the one who doesn't affect the business and directs management people in place of the product.
The product can be replaced by a company that is playing as if it had a monopoly on the whole market. It is about a company that produces cookies. The company's manufacturers of brownies The reason they are both made of chocolate ingredients is that they are both liked by people.
Thus, Option D is correct.
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Why are ethics important in the workplace?
Answers
Answer:
Ethics is important in a workplace because :
a) It creates a positive and safe work environment.
b) It helps to instill professional behavior in employees
c) It helps to maintain orderliness in an organization and prevents chaos from happening.
d) It prevents discrimination or favouritism in organizations.
e) Workplace Ethics ensures that all employees are treated fairly.
f) Workplace Ethics improves the relationships of employees with one another and this lead to the development of team work amongst employees.
Explanation:
Ethics at a workplace or Workplace Ethics can be defined as the standards or regulations that are put in place by a firm or organisation that helps to guide the behavior or attitude of employees at work such that safe work ambience is created and employees relate in a professional manner to one another.
Examples of Workplace Ethics are:
a) Punctuality
b) Honesty
c) Loyalty
d) Productivity
e) Dependability
Ethics at the workplace in important because:
a) It creates a positive and safe work environment.
b) It helps to instill professional behavior in employees
c) It helps to maintain orderliness in an organization and prevents chaos from happening.
d) It prevents discrimination or favouritism in organizations.
e) Workplace Ethics ensures that all employees are treated fairly.
f) Workplace Ethics improves the relationships of employees with one another and this lead to the development of team work amongst employees.
Answer: professional organizations
Explanation: took the test (:
II. Short Answer 1) Explain the relationship between the marginal cost curve and the supply curve of the firm. (Points: 10) 2) What happens to quantity supplied when market prices fall below the minim
Answers
The marginal cost curve and the supply curve of a firm are closely related. The marginal cost curve represents the additional cost incurred by the firm to produce one additional unit of output.
The supply curve of the firm shows the quantity of goods or services that the firm is willing and able to supply at different price levels. It is also upward sloping, reflecting the positive relationship between price and quantity supplied. It is upward sloping, indicating that as the quantity of output increases, the cost of producing each additional unit generally increases.
The connection between the two curves is that the marginal cost curve directly influences the firm's supply decisions. As the price of the product increases, it becomes more profitable for the firm to produce and sell additional units. The firm will expand its quantity supplied as long as the marginal cost of producing each additional unit is lower than or equal to the price at which it can sell the product. Therefore, the marginal cost curve determines the firm's willingness to supply at different price levels, and it is the basis for the upward sloping nature of the supply curve.
When market prices fall below the minimum average variable cost (AVC), firms will typically reduce or stop their production. The minimum AVC represents the lowest average variable cost at which the firm can cover its variable costs in the short run. If prices fall below this level, firms would be operating at a loss as their revenue would not be sufficient to cover even their variable costs.
In such a situation, firms will minimize their losses by reducing output or shutting down production altogether. By reducing output, firms can minimize their variable costs and limit their losses. In extreme cases, firms may choose to completely exit the market if they anticipate that prices will remain below the minimum AVC in the long run.
The quantity supplied, therefore, decreases when market prices fall below the minimum AVC, as firms adjust their production levels to align with the prevailing market conditions and avoid incurring losses.
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Describe the population distribution in Guyana
Answers
More than 70 percent of Guyana's coastal population is rural, living on plantations or in villages strung along the coastal road. The villages range in size from several hundred to several thousand inhabitants. The layout of the villages is dictated by the drainage and irrigation systems of the plantations, both active and abandoned. The villages are most heavily concentrated along the estuary of the Demerara River and the eastern environs of Georgetown, near the mouth of the Berbice River close to New Amsterdam, and along the extreme east coast near the Courantyne River.
The pattern of population distribution in Guyana is a product of nineteenth-century economic development, which was based on the cultivation of sugarcane. Because the swampy coast was fertile and sugar production was geared to export, the large sugar estates confined their operations to a narrow coastal strip. Most of the villages had ethnically diverse populations, but usually one ethnic group predominated. The urban population was predominantly African, but it would be misleading to suggest that all Afro-Guyanese were urban. Indeed, the majority of the Afro-Guyanese population was rural. A far greater majority of Indo-Guyanese, however, lived outside the cities. The interior of the country was left mainly to the Amerindians. Even the later exploitation of timber, bauxite, and manganese in the interior failed to effect any sizeable migration.
Eddie sells furniture and earns 12% commission. This week he sold a couch for $1234, a bedroom suite for $1789, and a chair for $563. (4 pts.)
Answers
Complete question :
Eddie sells furniture and earns 12% commission. This week he sold a couch for $1234, a bedroom suite for $1789, and a chair for $563. Calculate Eddie's commission.
Answer:
$717.20
Explanation:
Given that :
Percentage commission earned on sale = 12%
Cost of items sold this week:
Couch = $1234
Bedroom suite = $1789
Chair = $563
Total cost of items :
($1234 + $1789 + $563) = $3586
Commission of 20% on sales :
20% of $3586
0.2 * $3586
= $717.20