Transactions on the Statement of Cash Flows IZ Corporation purchased land for $500,000. Later in the year, the company sold a different piece of land with a book value of $250,000 for $280,000. How are the effects of these transactions reported on the statement of cash flows assuming the indirect method is used? Use the minus sign to indicate cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the statement of cash flows, select "No effect" fra down menu and leave the amount box blank. Transactions Action Amount Gain on sale of land Deducted from net income $ -30,000 Cash received from sale of land Part of cash flows from investing activities $280,000 Cash paid for purchase of land Part of cash flows from investing activities ✓ $ 500,000 X ' Choch My Work Property, plant, and equipment are considered noncurrent assets. Recall the definitions of each section of the statement of cash flows. What type of an affe would a gain or loss have on the statement of cash flows?
Answers
A gain or loss on the sale of land would be deducted from net income and reported as part of the operating activities section on the statement of cash flows using the indirect method. In this case, since the gain on the sale of land is $30,000, it would be deducted from net income.
The gain on the sale of land would decrease the net income, and since the statement of cash flows starts with net income, the gain would be deducted to arrive at the operating cash flows.
Therefore, the effect of the gain on the sale of land would be a deduction from net income on the statement of cash flows.
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Related Questions
a drugstore that sells pharmaceuticals, beauty aids, camera equipment, nonperishable grocery items, and automobile motor oil is an example of a retailer using
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The drugstore mentioned in the question is an example of a retailer using a wide product mix strategy.
This strategy involves offering a wide range of products that appeal to different customer segments and fulfill their diverse needs. By offering pharmaceuticals, beauty aids, camera equipment, nonperishable grocery items, and automobile motor oil, the drugstore caters to different types of customers, including those looking for health and wellness products, photography enthusiasts, grocery shoppers, and car owners.
The wide product mix strategy can be beneficial for retailers as it can increase store traffic, encourage customers to spend more, and enhance customer loyalty.
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1. Which of the following is NOT one of "the four Ps" for a conventional marketing
mix?
A. Place
B. Product
C. Percentage
D. Promotion
Answers
Answer:
I think it would be A. Place
modern photography
digital capture
filmless photos
V
cloud-based imagery
6 of 15
During one of her first professional photo shoots, Marcia is relieved to be able to
review her images immediately after taking them to confirm her shots were coming
out as expected. What process allows her to do this?
(1 point)
<
V
6 of 15
|||
Answers
The process that allows Marcia to review her images immediately after taking them to confirm that they are coming out as she wants is Digital capture.
What are some advantages of digital capture?Digital capture has all but replaced film capturing when it comes to photography thanks to the array of benefits that it comes with.
One such benefit is that one can instantly view a photograph that they have captured because digital cameras make the photo available immediately for the photographer to view them on their monitor.
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Which best describes inserting a table using the Table Gallery?
The user can click on Insert Table.
There are many options on how to include a table.
The user can make a quick selection of the number of rows and columns present.
The user can click to use an Excel spreadsheet.
Answers
Answer:
2
Explanation:
the country of andorrata’s gross domestic product in 2016 was $31,000 per capita. the gdp grew by 4% in 2017 while the population grew by 2%. what would the per capita gdp in 2017 be?
Answers
The per capita GDP in Andorrata in 2017 would be $31,620. This is calculated by taking the GDP per capita in 2016 ($31,000) and increasing it by the growth rate of the GDP (4%).
To find the per capita GDP in 2017, we first need to calculate the increase in GDP. This can be done by multiplying the GDP in 2016 ($31,000) by the growth rate (4%).
Increase in GDP = $31,000 * 4% = $1,240
Next, we need to calculate the new population in 2017. This can be done by taking the population growth rate (2%) and adding it to the current population.
Population growth = Population in 2016 * 2% = $31,000 * 2% = $620
Now, we can calculate the per capita GDP in 2017 by dividing the new GDP by the new population.
Per capita GDP in 2017 = (GDP in 2016 + Increase in GDP) / (Population in 2016 + Population growth)
= ($31,000 + $1,240) / ($31,000 + $620)
= $32,240 / $31,620
= $31,620
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A car dealership performs a credit check on a potential customer. according to the credit bureau, the customer's credit score is 710. this is an example of
Answers
Answer:
Interval data
Explanation:
A credit bureau score is obtained when a company is about to give out a loan. It shows wether a person is likely to default on a loan based on historical borrowing behaviour.
When a score is between 580 to 669 means the scores are fair, 670 to 739 is a good score, while 740 to 799 is very good.
This way of scoring occurs in in a scale that occurs at equal intervals or units.
The scores are expressed as numerical value between points that are standardised and equal.
This is called interval data
Burging tlooo Your company offers a weekly consolidation service from Toronto to Frankfort, via Lufthansa Airways. The carrier has given you a 1000 kg (or less) buying rate of CAN $2.25/kg and a plus 1000 kg buying rate of CAN $1.80/kg. You sell this service to clients who ship 700 kg (or less) at a rate of CAN $2.95/kg and for clients who ship in excess of 700 kg at a rate of CAN $2.54/kg. A) Shipper: J&J Company 123 John Street Toronto, ON Canada, LSR 2N3 Shipment: 140 cartons of books Total weight: 425 kg Dimensions of each carton: 15 cm x 46 cm x 46 cm B) Shipper: R&R Company 432 Avente-Road Toronto, ON, Canada, R25.1A3 Shipment: 380 cartons of umbrellas Total weight: 700 kg Dimensions of each carton: 36 in x 18 in x 17 in
Answers
The shipping costs for the two shipments are as follows:
A) J&J Company: CAN $1253.75
B) R&R Company: CAN $1778.00
To calculate the shipping costs for the given shipments, we'll use the provided rates and weights.
A) Shipper: J&J Company
Shipment: 140 cartons of books
Total weight: 425 kg
Since the total weight is less than 700 kg, the rate of CAN $2.95/kg will be applied.
Shipping cost = Total weight * Rate
Shipping cost = 425 kg * CAN $2.95/kg
Shipping cost = CAN $1253.75
B) Shipper: R&R Company
Shipment: 380 cartons of umbrellas
Total weight: 700 kg
The total weight is exactly 700 kg, so the rate of CAN $2.54/kg will be applied.
Shipping cost = Total weight * Rate
Shipping cost = 700 kg * CAN $2.54/kg
Shipping cost = CAN $1778.00
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FILL IN THE BLANK. the typical contract is one in which the parties make mutual promises. this type of contract is called a/an ________contract.
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The typical contract is one in which the parties make mutual promises. This type of contract is called a bilateral contract.
A bilateral contract is a legally binding agreement between two or more parties where each party makes promises or obligations to the other. In a bilateral contract, both parties are obligated to perform their respective promises or obligations as specified in the contract. This mutual exchange of promises forms the basis of the contractual relationship.
In a bilateral contract, each party is both a promisor (making a promise) and a promisee (receiving a promise) simultaneously. For example, in a typical sales contract, the buyer promises to pay the agreed-upon price, and the seller promises to deliver the goods or services. Both parties have obligations that they have mutually agreed to fulfill.
Bilateral contracts are the most common type of contract and are prevalent in various areas of legal agreements, including commercial contracts, employment contracts, and service contracts. The mutual promises in a bilateral contract provide legal enforceability, as failure to fulfill the agreed-upon obligations can lead to legal remedies or liabilities for the non-performing party.
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when a company incurs workers' salaries but does not pay them, how will the basic accounting equation be affected?
Answers
When a company incurs workers' salaries but does not pay them, the basic accounting equation will be affected as follows:
Assets = Liabilities + Equity
Initially, there is no change in the equation as the company still owes the workers' salaries which are classified as liabilities. However, if the salaries remain unpaid for an extended period, it may impact the company's financial position and its ability to meet its obligations. This may lead to a decrease in equity and/or an increase in liabilities. Additionally, the company's cash flow may be affected as it may have to use its cash reserves to pay the overdue salaries. Therefore, it is important for companies to manage their cash flow and ensure that they meet their obligations to their workers on time.
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The Innovation and Planning Iteration provides which three elements?
Time to release, Continuous Integration, and planning
Time for innovation, planning, and buffer for additional work
Planning, estimating, and buffer for leftover work
Time for innovation, planning, and estimating guard band
Answers
The correct answer is: Time for innovation, planning, and buffer for additional work.
The Innovation and Planning Iteration provides time for innovation, planning, and a buffer for additional work in Agile software development.
How does the Innovation and Planning Iteration benefit Agile software development?The Innovation and Planning Iteration, also known as IP Iteration or IP Sprint, is a timeboxed period in Agile software development where teams focus on innovation, planning, and creating a buffer for additional work. It typically occurs at the beginning of a project or release cycle and allows teams to explore new ideas, perform research, and experiment with different approaches to solve complex problems.
During the IP Iteration, the team engages in activities such as brainstorming, prototyping, and exploring potential solutions to address customer needs. It is a time for creativity and innovation, enabling the team to generate new ideas and devise strategies to deliver value to the customer.
In addition to innovation and planning, the IP Iteration also includes the creation of a buffer for additional work. This buffer is meant to accommodate any unexpected or emergent tasks or requirements that may arise during the project. It helps the team manage uncertainties and adapt to changes as the project progresses, providing flexibility in the development process.
While continuous integration and estimating are important aspects of Agile development, they are not specifically associated with the Innovation and Planning Iteration. Continuous integration refers to the practice of frequently integrating code changes into a shared repository, enabling early detection of issues and promoting collaboration among team members.
Estimating, on the other hand, involves assessing the effort and resources required to complete tasks or deliverables, aiding in planning and decision-making. However, these elements are not exclusive to the IP Iteration and are typically carried out throughout the project lifecycle.
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T/F Not every social media platform is ideal for every sport organization. Marketers should analyze which platforms best represent their audience(s).
Answers
It is true that not every social media platform is ideal for every sport organization. Marketers should analyze which platforms best represent their audience(s). The correct option is T.
The sports marketing sector is divided into four segments: marketing of sporting events, marketing of sporting goods and services, marketing of other consumer and industrial goods or services through the use of sport, and marketing of products to sporting events. The practise of developing content for social media platforms to advertise your products and/or services, build community with your target audience, and generate traffic to your business is known as social media marketing.
Marketing directors meticulously plan the firm's marketing strategy. They evaluate demand and establish a brand image for the team with the assistance of marketing assistants and market research personnel. They also discover potential markets to target with advertising and other media.
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Ivory is listening to a manager present statistics that they believe supports a new initiative. Which type of critical thinking question would Ivory most likely ask at this point
Answers
The type of Critical Thinking Questions that Ivory should ask at this point are:
Critical Thinking Questions are questions that make inquiries into the veracity of a claim.
They help the evaluator to maintain a logical and rational line of thoughts so that they are able to connect clearly the relationship between facts and ideas.
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Because Worldcom's accounting fraud was brought to an end with Cynthia Cooper's intervention,
WorldCom investor and employee losses were
Answers
Answer:
Explanation:
Less
Under the current rate method, how would cost of goods sold be translated?
A) Beginning of the year rate.
B) Average rate.
C) Current rate.
D) Historical rate.
E) Composite amount.
Answers
Answer: (C) Under the current rate method, the cost of goods sold would be translated at the current rate.
The Current Rate Method is a method of financial accounting in which, foreign currency transactions are recorded at the current rate of exchange at the time they occur. This is in contrast to other methods of accounting, such as the historical rate method or the temporal method, which use historical rates to translate transactions. As a result, the current rate method is also referred to as the current-exchange-rate method.
There are several advantages to using the current rate method-
First, it is a straightforward method that avoids the complexities unlike other methods. Second, it produces financial statements that more accurately reflect current economic conditions. Finally, it is widely accepted and used by accountants and financial analysts.Under the current rate method, the cost of goods sold would be translated at the current exchange rate. Cost of goods sold (COGS) is an expense incurred by businesses that directly relates to the production of goods that are sold. COGS includes the cost of the materials and labor used in production, as well as any other direct costs related to production, such as overhead.
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What is the major purpose of a bank reconciliation statement?
Answers
Answer:
The bank reconciliation is an internal document that verifies the accuracy of records maintained by the depositor and the financial institution.
Explanation:
The balance on the bank statement is adjusted for outstanding checks and uncleared deposits. The record balance is adjusted for service charges and interest earned.
who join the NDS that will create in the future
and please don't let's people answer and it a question if you thick about
i will still give Brainliset
Answers
The President's National Security Strategy is the subject of the National Defense Strategy (NDS), which focuses on the Department of Defense's role in carrying it out (NSS).
Who meets the criteria for an NDA?Candidates who have finished class 12 or are currently registered in class 12 and are between the ages of 15.7 and 19 are eligible to apply for the NDA 2023 exam.
According to NDA eligibility 2022, candidates who were not born earlier than 02 January 2004 or later than 01 January 2007 are eligible to apply for the exam. Before proceeding to the exam selection procedure, candidates must first satisfy all of the required NDA qualification standards.
Who oversees NDS-OM?RBI uses the NDS-OM, an electronic anonymous order matching system with a screen-based interface, to trade its government securities on the secondary market. The system is now open to businesses who have SGL accounts with the RBI, including banks, primary dealers, insurance providers, mutual funds, etc.
What types of settlements does NDS handle?One of two groups makes up NDS-OM members, including:
Members Direct - Direct Members have access to current accounts with the RBI and the ability to directly settle trades on NDS-OM. Due to the fact that indirect members do not have current accounts with the RBI, they must settle through direct NDS-OM members.
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What happens to the equilibrium price and equilibrium quantity when demand and supply increase simultaneously, but the relative size of the shifts are not known?.
Answers
When both the demand and supply increase simultaneously, the equilibrium quantity will increase whereas the equilibrium price will be unknown.
An increase in demand leads to an increase in both the equilibrium quantity and equilibrium price, it is because it leads to more people buying the particular product as of increased demand which means a higher quantity will be sold as an increase in equilibrium quantity as more people are buying the price will go up leading lead to the higher equilibrium price. Similarly, an increase in supply leads to a decrease in equilibrium price and an increase in equilibrium quantity because more supply of goods is done to the market with the expectation of a rise in quantity and the price fall, So when both the supply and demand increase, the equilibrium price could go up, down, or stay the same, can't be determined but the equilibrium quantity goes u
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the part of a business plan that includes an organization chart, job descriptions of listed positions, and detailed resumes of the current and proposed executives is called the
Answers
Answer: Management Team
Explanation: The management team has authority over positions, resumes, and overall organizational structure of the business.
Which economist(s) thought that government should determine how, when, and for whom goods should be produced? keynes marx marx and smith smith and keynes
Answers
According to Mark, it should be up to the government to decide how, when, and for whom products should be produced. His theories are derived from economist Marx.
Who is an Economist?
A professional and practitioner in the social science field of economics is called an economist. The person may also research, create, and use economic ideas and concepts, as well as write on economic policy. Macroeconomic analysis, microeconomic analysis, financial statement analysis, and mathematical finance are just a few of the many sub-fields in this field that use analytical methods and tools like econometrics, statistics, economic computation models, financial economics, mathematical finance, and mathematical economics. These subfields cover a wide spectrum, from general philosophical theories to the in-depth analysis of details inside particular markets.
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Answer:Marx
Explanation: took it
Ken is expected to retire in 30 years, and he wishes accumulated P1,000,000 in his retirement fund by that time. If the interest rate is 12% per year, how much should Mr. Hopper put into the retirement fund each year in order to achieve this goal.
Answers
Therefore, Mr. Hopper should put approximately $4,276.14 into the retirement fund each year to accumulate $1,000,000 by his retirement in 30 years.
To calculate the annual contribution needed to achieve the retirement goal, we can use the formula for the present value of an annuity.
The formula for the present value of an annuity is:
PV = PMT * (1 - (1 + r)(-n)) / r
Where:
PV = Present value (desired retirement fund value)
PMT = Annual contribution
r = Interest rate per period (in this case, 12% or 0.12)
n = Number of periods (30 years)
Plugging in the values into the formula:
1,000,000 = PMT * (1 - (1 + 0.12)(-30)) / 0.12
Now we can solve for PMT:
PMT = 1,000,000 * 0.12 / (1 - (1 + 0.12)(-30))
PMT ≈ $4,276.14
Therefore, Mr. Hopper should put approximately $4,276.14 into the retirement fund each year to accumulate $1,000,000 by his retirement in 30 years.
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Which of the following statements about check cashing companies is FALSE?
1. They charge low fees.
2. They offer bad deals where you'll owe a lot more than you borrowed.
3. They can take a percentage of your check on top of fees.
4. They make it easy to fall into a loan cycle that is hard to get out of.
Answers
4. You are treating a woman who recently had a stroke. Her insurance allows for payment for only lo treatments. What ethical implications are there when you cannot achieve agreed-upon functional goals in 10 treatments? a. What is your professional responsibility? What is your legal responsibility? What would you do to resolve this problem short of refusing care? b. How might you go about working to change this organizational limitation from the insurance company? Would you do it? Why or why not?
Answers
The access to quality healthcare is aligned with the principles of patient-centered care and can contribute to positive changes in the healthcare system.
a. Ethical implications arise when you cannot achieve agreed-upon functional goals within the limited number of treatments allowed by the woman's insurance. In this situation:
- Professional responsibility: As a healthcare professional, your primary responsibility is to provide the best possible care for your patient. This includes working towards agreed-upon functional goals and promoting the patient's well-being to the best of your abilities within the given limitations.
- Legal responsibility: It is important to abide by legal and contractual obligations, including the terms outlined by the woman's insurance coverage. Adhering to the policies and guidelines set by the insurance company is necessary to ensure compliance with legal requirements.
To resolve this problem without refusing care, you can consider the following approaches:
- Communication and collaboration: Engage in open and transparent communication with the woman and her family about the insurance limitations. Discuss the treatment options available within the given constraints and involve them in the decision-making process.
- Optimizing treatment: Optimize the treatment plan and therapy sessions to maximize the effectiveness of each session. This may involve focusing on essential interventions, prioritizing functional goals, and utilizing evidence-based practices to make the most of the limited treatments.
- Documentation and justification: Maintain detailed documentation of the woman's condition, progress, and the interventions provided. Justify the need for additional treatments beyond the insurance coverage by clearly demonstrating the therapeutic benefits and the impact on the patient's functional outcomes.
b. Working to change the organizational limitation imposed by the insurance company is a proactive step that can have long-term benefits for both the patient and future patients. Consider the following steps:
- Advocacy: Advocate for the patient's needs by engaging in discussions with the insurance company, presenting the case for additional treatments based on the patient's specific condition and functional goals. Provide supporting evidence and research to demonstrate the potential positive outcomes and cost-effectiveness of extended treatment.
- Collaboration with colleagues: Collaborate with fellow healthcare professionals, therapists, and professional associations to address the insurance limitations collectively. This may involve sharing experiences, conducting research, and presenting collective findings to insurance companies, policymakers, or relevant stakeholders to highlight the need for extended coverage.
- Policy and system change: Engage in broader advocacy efforts to influence policy change regarding insurance coverage for stroke rehabilitation. Collaborate with professional organizations, patient advocacy groups, and policymakers to promote policies that ensure adequate coverage and fair access to necessary treatments.
The decision to work towards changing the organizational limitation may depend on factors such as feasibility, available resources, and personal beliefs.
However, advocating for patient needs and working towards enhancing access to quality healthcare is aligned with the principles of patient-centered care and can contribute to positive changes in the healthcare system.
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Hiring someone based on their ability and not their personal appearance is a(n)
_____ choice
Answers
Hiring someone based on their ability and not their personal appearance is a fair and equitable choice.
It ensures that individuals are evaluated and selected based on their qualifications, skills, experience, and performance, rather than superficial factors like their physical appearance.
This approach promotes equal opportunities and prevents discrimination or bias in the hiring process. By focusing on merit and competency, employers can build diverse and inclusive work environments where individuals are judged based on their abilities and potential to contribute to the organization's success. Such practices foster a culture of fairness, respect, and equal treatment, promoting a more productive and harmonious workplace.
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Provide a detailed plan, including actual dollar amounts, for Selena to wisely use the extra $300 per month from her raise. For each part of the plan, briefly describe why you're making this choice. NEED ANSWER ASAP
Answers
Selena's Budget plan for $300 to be in order: pay debt from $150 if any, put $50 in the emergency fund, buy necessary item/service <= $50 needed for a long time, visit park/fun/landmark/beach/casual place <= $50.
What is a budget?It should be noted that a budget simply means the financial estimate of the income and expenditure of an individual or an organization.
The purpose of the budget is to establish financial objectives with the monitoring and measurement of results, enabling better decision-making.
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free brainliest whoever answers first
Which examples demonstrate common Banking and Related Services workplaces and employers? Check all that apply.
Answers: A, C, E
Bud stands at a counter helping customers with deposits and withdrawals.
Tobias works for an investment company analyzing investment opportunities.
Thanh analyzes a customer’s application for a mortgage in a mortgage company office. Lourdes works for the stock market managing transfers of stock.
Jill meets with a customer in a credit union to discuss a loan.
Suzanne sells health insurance.
Answers
Answer:
ace of spades A C E
Explanation:
Answer:here's the right answer for this question
Explanation:edge2023
standards of excellence in corporate community involvement include all of the following except a. issues management. b. leadership. c. efficiency. d. relationship building.
Answers
Standards of excellence in corporate community involvement include all of the following except efficiency.
What is not standards of excellence in corporate community involvement
Efficiency is an important aspect of corporate community involvement, but it is not typically considered a standard of excellence in this context. The other options listed are all commonly recognized as key standards for effective corporate community involvement:
a. Issues management: This involves identifying and addressing the key social and environmental issues that are relevant to a company and its stakeholders. Effective issues management is essential for ensuring that a company's community involvement efforts are aligned with its values and goals.
b. Leadership: Corporate community involvement requires strong leadership at all levels of the organization, from the CEO to front-line employees. Leaders must be committed to community involvement and must provide the resources and support needed to make it a success.
c. Relationship building: Building strong relationships with community stakeholders, including customers, employees, suppliers, and local residents, is critical for effective community involvement. Companies must be able to listen to the needs and concerns of these stakeholders and work collaboratively with them to address important issues.
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HELP NEEDED IF CORRECT If the contract requires that the goods be delivered by carrier and nothing else is stated, then the contract is a. warehouse contract. b. shipping contract. c. destination contract.
Answers
Answer:
b. shipping contract.
Explanation:
Shipping contract in which the vendor is obliged to dispatch the goods through the carrier. Once delivered to the carrier, the buyer bears responsibility for any injuries or damages to the goods. It is a detailed body of regulations, laws and policies, international treaties, and judicial rulings designed to deal with the responsibility and operating rights of carriers traveling on the high seas. All contracts are oftentimes implied to be contracts for shipment if there is nothing to the contrary specified in the contract.
What, if anything, can advertising sales tell us about the state of various types of media? Advertising sales cannot tell us anything useful about the state of various types of media. Advertising sales can tell us many things about various types of media, but it depends entirely on the type of ads sold. Advertising sales can tell us how well a type of media is doing—if ad sales are high, then the media is doing well. Advertising sales can tell us about who is buying the media—if ad sales are low, then people are not buying the media for the ads.
Answers
Answer:
The thing advertising sales can tell us about the state of various types of media is:
Advertising sales can tell us how well a type of media is doing—if ad sales are high, then the media is doing well.
Explanation:
Advertising sales (or ad sales) are the sales of media spaces for advertising purposes. Organizations create awareness of their products and services by buying media spaces. The proceeds from an advertising business are known as Advertising Sales. The business is usually conducted by Advertising agencies and representatives of media houses.
What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.
Answers
Answer:
I think D is correct answer
The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
The information related to the profit is as follows:
It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.Therefore all the other options are incorrect.
Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
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Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs true false
Answers
Answer:
True. The greater concern for innovation and quality in various industries has indeed led to a shift in job trends towards more broadly defined jobs. In today's rapidly changing and competitive environment, organizations are seeking employees who possess a diverse skill set and can adapt to different tasks and roles. Broadly defined jobs often require individuals to have a range of competencies and the ability to contribute across multiple areas, fostering flexibility and creativity. This shift allows companies to respond to changing market demands more effectively and promotes a culture of innovation and continuous improvement.