In accounting, the right side of any account is called the credit side. Credits refer to the increase in liabilities, equity, and revenue accounts, and the decrease in asset and expense accounts. Debits and credits are essential to maintaining the balance in the accounting equation.
Explanation:In accounting, the right side of any account is called the credit side.
When recording transactions, credits refer to the increase in liabilities, equity, and revenue accounts, and the decrease in asset and expense accounts. For example, when cash is received, it is credited because it increases the cash account balance.
Understanding the concept of debits and credits is fundamental in accounting and helps maintain the balance in the accounting equation.
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What is the correct format for reference initials?
I believe it is like Austin E. Hester with first name middle initial(s) last name
Question 6 (multiple choice)
Suppose you have a 12-month loan of $1,200.00 at 12% interest to purchase a lawn mower and other gardening equipment. Each monthly payment is $106.56. The balance after the fourth payment is $816.04. How much do you save by paying off the loan with the fifth payment?
(Hint: First calculate the payoff: Find the interest on the balance due and add it to the balance due. Add the amount of the first four payments to the payoff in month 5. Finally, compare this total to the monthly payment multiplied by 12.)
A. $426.24
B. $852.48
C. $842.20
D. $28.28
When steve jobs was ceo of apple his charisma, marketing skills, and technical vision helped create a(n) ____ at apple that made it the leader in mobile devices?
Final answer:
Steve Jobs instilled a comparative advantage in Apple, making it a leader in mobile technology by leveraging global production and the U.S.'s prowess in design and marketing.
Explanation:
When Steve Jobs was CEO of Apple, his charisma, marketing skills, and technical vision helped create a comparative advantage at Apple that made it the leader in mobile devices. Understanding the concept of comparative advantage, we see that the U.S. has excelled in the design and marketing of high-tech devices like the iPhone.
Countries like China and Korea also play a significant role in Apple's success story by focusing on assembly and components production respectively, where they hold their comparative advantages.
Apple's strategy leverages the global assembly line, outsourcing where it is most advantageous. This approach allows Apple to benefit from lower costs while maintaining high-quality standards. This production strategy, combined with Jobs' leadership and vision, solidified Apple's position as a global leader in mobile technology.
Which is the fastest-growing digital marketing platform?
a. social media marketing
b. social marketing
c. sustainable marketing
d. not-for-profit marketing
e. mobile marketing?
What type of technology would be needed to gather evidence of a jet stream?
Anyone with the money can purchase shares of coca-cola's stock. this makes coca-cola a(n) ____ corporation.
Coca-Cola is a public corporation because its stock is publicly traded, allowing anyone with the necessary funds to purchase shares and become part of the company's ownership.
Explanation:
Given the fact that anyone with the funds can purchase shares of Coca-Cola's stock, this implies that Coca-Cola is a public corporation.
A corporation is a business that incorporates and is owned by shareholders. These shareholders have limited liability for the company's debt but share its profits and losses. Corporations can either be private or public. The primary difference lies in whether the stock is publicly traded or not. A public corporation, like Coca-Cola, has publicly traded stock meaning that anyone who can afford it can buy shares and become owners or shareholders of the company.
Ownership of a company is represented by the stock. If a person owns 100% of a company's stock, they effectively own the entire company. However, in most large and well-known corporations, stock ownership is spread among a large number of shareholders. Even those who hold thousands of shares only represent a small fraction of the firm's overall ownership.
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What is the main reason it is important to prioritize your focus on particular design purposes?
Regardless of how well or poorly a franchise business is doing, franchisees must give the franchiser a monthly
What does a charter and a joint stock company have in common?
Your local city council or your county commissioners are examples of a(n) _____ market.
I believe the answer is: Government market
Government market refers to the market where all government officials from local, state , or federal level are the consumers.
In their daily operation, these government officials often make a transaction with private sectors to reduce their workload. (for example government often ask the cooperation of private sectors to build infrastructure such as bridge or internet cable)
You and seven other people relay your feelings and thoughts about a potential new product to a trained moderator. in exchange, you receive a small payment. you are participating in a(n) ________.
The law of diminishing returns is often used to analyze the ideal amount of which factor of production?
Answer:
labor
Explanation:
Theoretically, the law of diminishing returns could apply to the three factors of production (labor, land and capital), but it is generally used to analyze the amount of production that will be gained by adding additional units of labor. Usually additional units of labor tend to produce diminishing levels of output, e.g. a single extra worker will be able to produce 40 units per day, while another extra worker will only produce 37 units per day.
He type of company that sells securities specializing in real estate ventures, and requires a minimum of 100 investors, is known as:
How do the shareholders of most corporations exercise their control of that corporation?
A retriever would most likely be used for what type of hunting?
Is maryland state income tax currently being withheld from your paycheck?
Whether or not Maryland state income tax is being withheld from a paycheck depends on the employer and the state tax laws. Usually, employers withhold state income tax and pay it to the state. The amount withheld can be influenced by one's W-4 form.
Explanation:Given the nature of your question, it cannot be directly answered since the person you asked is a tutor. However, I can explain to you about state income tax with regard to your paycheck. Technically, whether or not Maryland state income tax is being withheld depends on one's employer and the state tax laws. In Maryland, if you are an employee, your employer typically withholds state income tax from your wages and pays it to the state on your behalf. This process is the same in most states. However, how much is withheld can be influenced by how you fill out your W-4 form which records your withholding allowance.
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Which organization pursues standards for internet of things (iot) devices and is widely recognized as the authority for creating standards on the internet?
Gomer decides to spend an hour playing basketball rather than studying. his opportunity cost of playing basketball is:
Which consideration helps determine where factories are located?
Which consideration helps determine where factories are located?
the cost of raw materials and shipping finished products
If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment be worth in 21 months (round to the nearest dollar)?
The future value of an investment of $700 at a nominal interest rate of 10% compounded monthly after 21 months is approximately $798 when rounded to the nearest dollar.
Explanation:In this case, we are dealing with a savings account with a nominal rate of interest of 10% compounded monthly. It's important to remember that the more frequently interest is compounded, the higher the overall return on investment. When the interest is compounded monthly, the nominal interest rate is divided by the number of compounding periods in a year (i.e., 12 months).
The formula we'll use to calculate the future value of an investment when interest is compounded monthly is as follows:
FV = P (1 + (r/n))^(nt)
Where:
FV = Future Value
P = Principal amount (initial investment)
r = annual nominal interest rate in decimal form (i.e., 10% = 0.10)
n = number of times interest is compounded per year
t = time the money is invested for in years
Since we're dealing with months rather than years, we'll adjust the formula to account for this, giving us:
FV = $700 (1 + (0.10/12))^(12*21/12) = $798 upon rounding to the nearest dollar.
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The investment will be worth $834 after 21 months, given a 10% annual interest rate compounded monthly. The calculation used the compound interest formula:
FV = P [tex](1+r/n)^{nt}[/tex] This involved substituting the principal amount, the interest rate, the number of compounding periods per year, and the time in years into the formula.
Calculating Future Value of an Investment with Monthly Compounding
To determine the future value of a $700 investment with a 10% nominal annual interest rate compounded monthly over 21 months, we use the compound interest formula:
Future Value (FV) = P[tex](1+r/n)^{nt}[/tex]
Where:
P = Principal amount ($700)
r = Annual nominal interest rate (10% or 0.10)
n = Number of times interest is compounded per year (12)
t = Time the money is invested (21 months or 21/12 years)
Substituting the values into the formula:
FV = 700 [tex](1+0.10/12)^{12*21/12}[/tex]
Simplifying inside the parentheses first:
(1 + 0.10/12) = 1 + 0.0083333 ≈ 1.0083333
Then computing the exponent:
12 * (21/12) = 21
Raising the base to the exponent:
1.0083333²¹ ≈ 1.191017
Finally, multiplying by the principal amount:
FV ≈ 700 * 1.191017 ≈ 833.71
Rounding to the nearest dollar, the investment will be worth $834 after 21 months.
The set of instructions that a computer will follow is known as
The cross-price elasticity of demand between california oranges and florida oranges is likely to be positive, zero or negative?
The coding system that is used primarily for reporting diagnoses for hospital inpatients is known as:
When economists talk about the "standard of living," they are generally referring to:?
What are three natural resources that are saved by recycling steel?
Opposition to government expansion, opposition to increased taxation, and opposition to government regulations on business are views that are generally identified as belonging to which political ideology?
Which type of entry mode in international business is also called build-operate-transfer?
The entry mode in international business called build-operate-transfer or BOT, is a public-private partnership model involving construction, operation, and eventual transfer of a facility to the public authority.
The type of entry mode in international business which is also referred to as build-operate-transfer is the BOT model. This model is a form of public-private partnership that involves a private entity building and operating a facility for a certain period before transferring ownership to the government or another public authority.
In this arrangement, a company will build the necessary infrastructure for the business, operate it to recover its investment and make a profit, and finally, once the agreed-upon period is over or the investment is recouped, transfer the control of the entity to the host government.
It represents a higher investment strategy and is mainly used for large projects, such as infrastructure, power plants, and other facilities where a significant upfront investment is required and coupled with long-term operational involvement before transfer.
Blogs and blogging tools are critical methods in accomplishing which segment of the 4e framework of social media marketing?
Blogs and blogging tools play significant roles in the 'Excite' and 'Engage' segments of the 4E framework of social media marketing as they aid in attracting an audience and fostering an interactive relationship with them.
Explanation:In the 4E framework of social media marketing, blogs and blogging tools significantly contribute to the Excite and Engage segments. Specifically, the 'Excite' segment relies on captivating content to attract the attention of the target audience, which can be achieved through innovative blog posts. The 'Engage' segment involves fostering an interactive relationship with the customers. By creating a blog post, you can encourage your audience to comment, share, and participate in discussions, thus facilitating engagement.
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What is the name of the federal agency that regulates the investment industry?
The federal agency that regulates the investment industry in the United States is the Securities and Exchange Commission (SEC).
The Securities and Exchange Commission (SEC) is an independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation. It was created by Congress in 1934 as the first federal regulator of the securities markets. The SEC promotes full public disclosure, protects investors against fraudulent and manipulative practices in the market, and monitors corporate takeover actions in the United States.
The SEC is composed of five commissioners appointed by the President of the United States with the advice and consent of the Senate. Their terms last five years and are staggered so that one commissioner's term ends on June 5 of each year. The SEC's staff is organized into divisions and offices, with each division and office having a specific enforcement responsibility. These include the Division of Corporation Finance, the Division of Trading and Markets, the Division of Investment Management, the Division of Enforcement, and the Office of Compliance Inspections and Examinations.
By ensuring that investors have access to all material information about a company, the SEC aims to enable investors to make informed decisions about buying and selling securities. The SEC also works with other federal and state agencies, self-regulatory organizations, and international regulators to facilitate and enforce laws governing the securities industry."
Monitors are divided into a matrix of small dots called ____.