. Explain the role of money in specialisation and division of labour
Answer:Money plays a crucial role in the process of specialization and division of labor. As an economy grows, the division of labor becomes more complex, and people begin to specialize in specific skills and trades. Specialization and division of labor increase productivity and efficiency, which leads to economic growth. Money facilitates the exchange of goods and services between people who have specialized in different areas.When people specialize in specific skills or trades, they produce goods or services that are unique and valuable. Money allows them to exchange these goods and services with other people who have specialized in different areas. This exchange of goods and services is made possible by the use of money, which serves as a medium of exchange. Without money, people would have to rely on bartering, which would be difficult and inefficient.Moreover, money encourages further specialization and division of labor. When people are able to earn money by specializing in a particular skill or trade, they are more likely to continue doing so. This creates a positive feedback loop, leading to increased specialization, higher productivity, and economic growth.In summary, money plays a critical role in the process of specialization and division of labor by facilitating the exchange of goods and services between people who have specialized in different areas. Money encourages further specialization and division of labor, leading to higher productivity, efficiency, and economic growth.
Explanation:
When you make a decision, you accept for its outcome. OA responsibility B . accolades monetary recognition D. none of the above
Answer: a
Explanation:
Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department:
Direct labor per filing cabinet 30 minutes
Supervisor salaries $117,000 per month
Depreciation $32,000 per month
Direct labor rate $12 per hour
Prepare a flexible budget for 70,000, 80,000, and 90,000 filing cabinets for the month ending February 28 in the Assembly Department.
Answer:
For 70,000 just add 117,000 and 32,000.Convert 12$ into Naira,multiply it with 70,000 and divide the result by 30
For 80,000 just add 117,000 and 32,000.Convert 12$ into Naira,multiply it with 80,000 and divide the result by 30
For 90,000 just add 117,000 and 32,000.Convert 12$ into Naira,multiply it with 90,000 and divide the result by 30
Discuss the types of financial statements and their purpose.
Answer:
They are: (1) balance sheets; (2) income statements; (3) cash flow statements; and (4) statements of shareholders' equity. Balance sheets show what a company owns and what it owes at a fixed point in time. Income statements show how much money a company made and spent over a period of time.
Explanation:
if you cause damage to your apartment, your landlord can
Answer:
...send you out for vandalizing the property?? i dunno lol
Explanation:
Answer:
you could get evicted
Explanation:
True or false.
While socialist economies can still allow for democracy, communist governments are authoritarian
Answer:
True
Explanation:
Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accom-modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease
options:
(See photos below)
Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.
The three lease options available to Beverly Mills are as follows:
Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile
Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile
Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile
Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
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Then create a newspaper article/blog post/video (information/explanatory writing) to explain the factors a
consumer should consider when buying an automobile.
A self-propelled passenger vehicle for land transport that typically has four to eight tyres and is powered by an internal combustion engine or an electric motor. Automobile engineering refers to the branches of engineering that deal with the design and manufacturing of automobiles.Automobiles now play a significant role in our lives, which cannot be imagined without the modern world's luxuries. Because the automobile is used for both passenger and cargo transportation, it is a human lifeline. An automobile is a human-controlled vehicle that is not driven by humans.The number of doors, the arrangement of seats, and the roof structure are frequently used to categorise automotive body designs. Roofs on automobiles are traditionally supported by pillars on each side of the body.
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If you were Marshall’s manager how might you increase Marshall’s awareness of the negative impact he is having on his team?
As Marshall's manager, I would increase his awareness of the negative impact he is having on his team by providing specific and constructive feedback on his behavior and its consequences. This would involve having open and honest conversations with Marshall, highlighting examples of how his actions are affecting team morale, productivity, and collaboration.
In order to effectively address Marshall's negative impact on his team, it is important to approach the situation with clarity and professionalism. By providing specific examples of incidents where Marshall's behavior has caused harm, I can help him understand the direct consequences of his actions. This feedback should be delivered in a constructive manner, focusing on the behaviors rather than attacking his character.
By emphasizing the impact on team dynamics, performance, and overall work environment, Marshall can begin to see the need for change. Additionally, it would be beneficial to discuss alternative approaches and provide guidance on how he can improve his interactions with the team. Ongoing feedback and support from me as his manager can help Marshall recognize the negative impact he is having and encourage him to take steps towards positive change.
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After making a down payment on a car loan, you can expect to pay back:
A. The principal minus the interest
B. The principal plus interest
C. The down payment plus interest
D. The simple interest but not the
compound interest
After making a down payment on a car loan, you can expect to pay back B. The principal plus interest.
What is a car loan?A car or auto loan is a loan that a customer borrows from an auto shop or finance company to pay for a car purchase. A car loan may allow a down payment, which is a percentage of the list price of the car.
After the down payment, the customer is expected to continue paying interest and principal on the balance.
Thus, after making a down payment on a car loan, you can expect to pay back Option B.
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Answer:
B. The principal plus interest
Explanation:
If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
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A manufacturer produces two different models; X and Y, of the same product .The raw materials r1 and r2 are required for production. At least 18 Kg of r1 and 12 Kg of r2 must be used daily. Almost at most 34 hours of labor are to be utilized .2Kg of r1 are needed for each model X and 1Kg of r1 for each model Y. For each model of X and Y, 1Kg of r2 is required. It takes 3 hours to manufacture a model X and 2 hours to manufacture a model Y. The profit realized is $50 per unit from model X and $30 per unit from model Y. How many units of each model should be produced to maximize the profit? Required: a. Formulate this problem as a LPP b. Find the optimal solution
The manufacturer should produce 6 units of model X and 6 units of model Y to maximize the profit, which would be 50 * 6 + 30 * 6 = $540.
Who is a manufacturer?A manufacturer is a company that produces goods or products through various processes, such as assembly, fabrication, or processing, and converts raw materials into finished goods. The manufacturer is responsible for the production and distribution of products.
Raw materials are natural or artificial substances in their original state that are used as inputs in the production of goods and services. They can be transformed or processed to create finished products, and are often used as inputs in manufacturing and construction industries. Examples of raw materials include minerals, oil, gas, timber, wool, and grain.
A product is an item or substance that is created and offered for sale, typically as a result of a manufacturing process. It can be a physical object, service, or digital offering that satisfies a need or want of a customer.
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2-5) Convert the Purchase Orders database to an Excel table. Use the techniques to find: a). the total cost of all orders. b). the total quantity of airframe fasteners purchased. c). the total cost of all orders placed with Manley Value.
According to the database on excel is the total cost of all orders. Go to column cost per order that is column 7th or column G write the formula =sum(G4:G97)
In computing, information is AN organized assortment of information kept and accessed electronically. tiny databases are stored on a file system, whereas massive databases are hosted on laptop clusters or cloud storage. A database is an organized collection of structured information, or data, typically stored electronically in a very computer system. A database is typically controlled by a management system (DBMS).
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what first step did you take before answering the problem
The first step to take before you answer the problem is defining the problem.
How to answer a problem ?The first step in problem-solving is defining and understanding the problem. This involves gathering information, clarifying the issue, and identifying the root cause. Once the problem has been clearly defined, it becomes easier to develop potential solutions and find the best course of action.
Naturally, identifying the issue is the first step in solving a problem. If there isn't even an issue, how could you possibly solve it? The following phase is information collecting to learn more about the problem once it has been identified.
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how useful is knowing the business impact of your project compared to that of your team mates' other work?
Your company uses an organized method called business analysis to identify and assess the possible effects of disruption to crucial business processes caused by crises, accidents, or catastrophes. A business impact study is a crucial component of a company's business continuity strategy.
If I came upon any of my teammates' evaluation data in a shared folder, I would preserve it before returning it to the teammate.
A project Manager provides a project life, but business impact analysis gives that life a path to success. Projects are helpful and straightforward to utilize, letting the effort you put into the study pay off. A business impact analysis is a fantastic tool for evaluating risk and establishing a recovery plan should it arise. That sounds project-like.
Evaluations frequently center on a person's performance. It relates to their line of business.Every colleague goes through a similar evaluation process once a year. It informs them of their shortcomings and growth.Saving this information is essential since it can aid someone in developing their talents.Learn more about business here https://brainly.com/question/26106218
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Burley agrees to lease his boat to Sam for the upcoming weekend. Sam agrees to pay $1500 to Burley for 2 days with pick up on Friday afternoon. On Thursday, the boat catches fire. A __________ is a future, uncertain event that discharges the duty to perform.
condition subsequent
concurrent condition
condition precedent
constructive condition
B) Gayle agrees to pay Pat $1,000 for painting her house "on condition that" Pat finish the job no later than October 1, 2019. Which of the following statements is false?
If Pat does not finish the job by October 1, 2019, he will have breached the contract.
If Pat does not finish the job by October 1, 2019, he is not discharged from performing.
Gayle does not have a duty to pay the contract price.
A standard of strict or complete performance would be applied to Pat’s performance.
C) In the case in the text, Harrison v. Family Home Builders, LLC, 84 So. 3d 879 (Ala. Ct. App. 2011), the court held that:
FHB was entitled to a reasonable time to perform the contract.
FHB failed to render substantial performance of the contract.
FHB failed to perform the work in accordance with the plans and specifications provided by the Harrisons.
FHB failed to perform the work in a workmanlike manner.
D) Christy took her 12 year old daughter Aubrey to play laser tag with her friends. Christy, as Aubrey’s mom, had to sign an agreement and release of liability in order for Aubrey to be able to play. The relinquishment of rights by a party in a contract is called a(n):
waiver.
reliance interest.
impossibility.
rescission.
Burley agrees to lease his boat to Sam for the upcoming weekend. A condition precedent is a future, uncertain event that discharges the duty to perform.
A lease is a legal agreement that obliges the user to pay the owner in exchange for using a particular item. Leasing commons includes real estate, construction projects and automobiles. We also rent devices for businesses and industries.
A lease is basically a contract between a landlord and a tenant. The property is the legal property of the lessor, and the lessor receives regular rental payments from the lessee in exchange for using the property. Tenants agree to follow certain guidelines when using the property or equipment.
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Which feature is a point of differentiation between products and services
Answer:
Products are tangible, offered by the companies to the customers in exchange for money.
Services are the intangible economic product that is provided by a person on the other person’s demand. It is an activity carried out for someone else.
Explanation:
What is the state intangible tax one of our assumes a mortgage of 60,000 and takes out a new mortgage of 20,000
The intangibles tax, which is a local tax imposed on gross earnings from intangible property such as savings accounts is not to be confused with the state income tax, which is used to fund state government.
What does intangible mean in tax?Patents, franchises, trademarks, and goodwill are a few examples of intangible assets, although they are not the only ones. Copyrights, trademarks, patents, and trade secrets all fall under the category of intellectual property, which is an intangible asset, Patents and licences .
According to the extent that these sums are included or includable in calculating federal taxable income, intangible income is defined as income connected to, or in link with, the acquisition, use, preservation or management, ownership, sale, exchange, licence, or any other disposition of intangible property.
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You are an outside project management professional who has been hired by Mainstreet to lead its new Wingra Point Live Work development. You are given an approved vendor list and access to the shared drive containing project templates. You are also introduced to the company’s standard processes and procedures and the submission and approval protocols. What type of project inputs do these elements represent? Project collateral Operational Process Assets (OPAs) EEFs Enterprise assets
These elements represent organizational process assets, which are documents, reports, and plans that are developed within an organization and used to guide project decisions and activities.
What type of project inputs do these elements represent?Generally, Project management is the process of leading a team to achieve specific goals and objectives within a defined timeline and budget. It involves defining project scope, setting goals and milestones, identifying tasks and responsibilities, tracking progress, and making adjustments as needed to ensure successful completion. Key skills in project management include leadership, organization, communication, problem-solving, and time management.
These assets include policies, procedures, guidelines, templates, and historical information that can be used to inform project management decisions and activities.
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Please answer the questions in the photo. Do not copy and paste from the internet.
2. Businesses that market goods and services can be classified based on the types of products or services they offer. Here are some common classifications:
The businesses that would market goods and servicesConsumer goods: These are goods that are bought and used by individuals for their personal use. Examples include clothing, food, electronics, and household items. Businesses that sell consumer goods are often referred to as retailers, and they can be further classified based on the types of products they sell (e.g. clothing retailers, grocery stores, electronics stores).
Business-to-business (B2B): These are businesses that sell products or services to other businesses rather than to consumers. Examples include suppliers of raw materials, manufacturers of components, and consulting firms. B2B businesses can also be classified based on the types of products or services they offer (e.g. IT services, logistics companies, marketing agencies).
Service businesses: These are businesses that provide services rather than physical goods. Examples include healthcare providers, hairdressers, financial advisors, and consulting firms. Service businesses can be further classified based on the types of services they provide (e.g. healthcare services, professional services, personal services).
There are several types of retail businesses, each with its own advantages and disadvantages. Here are some examples:
Brick-and-mortar stores: These are traditional physical stores that customers visit to make purchases. Brick-and-mortar stores offer the advantage of providing a tactile and personal shopping experience, but they also require significant overhead costs (e.g. rent, utilities, inventory management).
Online retailers: These are businesses that sell products exclusively online, often through e-commerce platforms like Amazon or Shopify. Online retailers offer the advantage of lower overhead costs and a wider potential customer base, but they also face fierce competition and the need to constantly optimize their digital marketing efforts.
Pop-up shops: These are temporary physical stores that are set up in a specific location for a limited time (e.g. a holiday season). Pop-up shops offer the advantage of providing a unique and time-limited shopping experience, but they also require significant planning and logistical coordination.
Franchise stores: These are retail stores that operate under the brand and business model of a larger franchise organization (e.g. McDonald's, 7-Eleven). Franchise stores offer the advantage of a proven business model and brand recognition, but they also require significant initial investment and ongoing franchise fees.
Ultimately, the type of retail business that would be most interesting to pursue depends on factors such as personal preferences, financial resources, and market opportunities. For example, someone who is passionate about fashion and has a limited budget might consider starting an online boutique, while someone who has significant financial resources and is interested in owning multiple locations might consider investing in a franchise business.
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Mo’yur lawn landscaping worksheet
Answer:
Company Chart of AccountsAssets100 Cash110 Accounts Receivable120 Inventory125 Supplies128 Prepaid Insurance129 Prepaid Rent130 Computers & Software132 Accumulated Depreciation -Computers & Software136 Company Vehicles137 Accumulated Depreciation - Vehicles138 Office Building139 Accumulated Depreciation - Office Building140 Land150 Intangible Assets (Patents, Copyrights, etc.)Liabilities200 Accounts Payable210 Wages Payable220 Taxes Payable230 Short-term Loan240 Unearned Revenue220 Long-term LoanOwner's Equity300 Owner's Capital Contribution310 Owner's Draws320 Retained EarningsRevenue400 Merchandise Sales410 Fees Earned420 Other RevenueExpenses500 Wages Expense510 Rent Expense520 Utilities Expense530 Office Supplies Expense540 Depreciation Expense550 Meals & Entertainment Expense560 Maintenance & Repair Expense570 Postage Expense580 Printing Expense590 Miscellaneous Expense
Daft is a product of the Digby company. Digby's sales forecast for Daft is 506 units. Digby wants to have an extra 10% of units on hand above and beyond their forecast in case sales are better than expected. (They would risk the possibility of excess inventory carrying charges rather than risk lost profits on a stock out.) Taking current inventory into account, what will Daft's Production After Adjustment have to be in order to have a 10% reserve of units available for sale
Explanation:
sales forecast for Daft is 506 units. Digby wants to have an extra 10% of units on hand above and beyond their forecast in case sales are better than expected. (They would risk the possibility of excess inventory carrying charges rather than risk lost profits on a stock out.) Taking current inventory into account, what will Daft's Production After Adjustment have to be in order to have a 10% reserve of units available
What role does a company like UPS play in the supply chain?
1) Prepare an ending 2015 Income Statement and Balance Sheet from the following information: Sales $800,000; Cost of Goods Sold $300,000; Accounts Receivables $20,000; Bonds Outstanding $160,000; Accounts Payable $20,000; Advertising Expense $1,000; Administrative Expenses $35,000; Interest Expense $24,000; Depreciation Expense $40,000; Dividends Paid $137,000; Rent Expense $5,000; Accruals $20,000; Common Stock $100,000; Retained Earnings $245,000 (Beginning 0f 2015); Cash $20,000; Inventory $45,000; Net Fixed Assets $600,000 (Beginning of 2015). (Assume a 40% Tax Rate)
Answer:
Ending retained earning for 2015 = $345,000
Total Assets = $645,000
Shareholder's equity = $445,000
Total liabilities = $200,000
Explanation:
a. Income Statement for the year ended 2015
Details $
Sales 800,000
Cost of Goods Sold 300,000
Gross profit 500,000
Advertising Expense (1,000)
Administrative Expenses (35,000)
Depreciation Expense (40,000)
Rent Expense (5,000)
Operating income 419,000
Interest Expense (24,000)
Income before tax 395,000
Taxation (40% * $395,000) (158,000)
Net income 237,000
Dividend paid (137,000)
Retained earning for the year 100,000
Beginning retained earning 245,000
Ending retained earning 345,000
a. Balance sheet as at the year ended 2015
Details $ $
Assets:
Beginning Net Fixed Assets 600,000
Depreciation 40,000
Ending Net Fixed Assets 560,000
Current Assets:
Cash 20,000
Accounts Receivables 20,000
Inventory 45,000
Total Assets 645,000
Shareholder's Fund:
Common Stock 100,000
Ending retained earning 345,000
Shareholder's equity 445,000
Bonds Outstanding 160,000
Accounts Payable 20,000
Accruals 20,000
Total liabilities 200,000
Total equities and Liabilities 645,000
Type the correct answer in the box. Spell all words correctly. Ben’s company makes caps. He has priced all the caps at $9, $49 and $99, depending on their type and quality. Which pricing strategy has Ben made use of? Ben’s company makes caps. He has priced all the caps at $9, $49 and $99, depending on their type and quality. Ben has made use of the _______ pricing strategy.
Answer:
psychological
Explanation:
It could also be product line but i'm pretty sure its psychological.
Answer:
Product line
Explanation:
We are evaluating a project that costs $735,200, has an eight-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 80,000 units per year. Price per unit is $48, variable cost per unit is $33, and fixed costs are $730,000 per year. The tax rate is 22 percent, and we require a return of 12 percent on this project. Suppose the projections given for price, quantity, variable costs, and fixed costs are all accurate to within ±15 percent.(a-1) Calculate the accounting break-even point. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)(a-2) What is the degree of operating leverage at the accounting break-even point? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)(b-1) Calculate the base-case cash flow and NPV. (Do not round intermediate calculations. Round your cash flow answer to the nearest whole number, e.g., 32. Round your NPV answer to 2 decimal places, e.g., 32.16.)(b-2) What is the sensitivity of NPV to changes in the quantity sold? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)(c) What is the sensitivity of OCF to changes in the variable cost figure? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. )
Answer:
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Explanation:
what is a simple way of describing cost benefit anyalysis
what link-building strategy do search engines implicitly approve?
The link building strategies that the search engines are known to have to approve of implicitly would be the
Nofollowthe sponored links attributesWhat is meant by the link building strategies?This is the term that is used to refer to the practice that has to do with the ways that the one way hyperlinks can be built. This is usually done through the use of the website that had to have the goal of helping to get visibility through the use of search engines.
The strategies that are used are the ones that have to do with content writing, the ones that have to do with useful tools and those that have to do with the outreach that is done with the use of mails.
The other ways that this can be done would be through the use of the social media outreach. Hence the links that they would use implicitly would have to do with the nofollow links etc.
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Cash in hand $2000
Cash at the Bank $136000
Bought from Mr John
Books $20000
Bags $70000 Bought goods by cheque $8000
Paid cash for Stationery $600
Sold goods for cash $10000
Pald cash for goods $1500
Cash sales to date $1200
Cash sales to date $74000
Paid rent by cheque $ 5000
Paid Mr John's account in cash $90000
Bought goods in cash $60000
Please help to extract a trail balance from all these information.
Answer:
the answer is 184300 when you subtract
Which economist most supported the idea that poor workers would
eventually overthrow market economies and establish command economies?
Karl Marx was the person who supported this theory.
What theory was propounded by the Karl Marx?Karl Marx was the famous philosopher, who found the labor theory of value.
He talks about the social distance and the struggle between the different classes of the society.
He states that the value of a commodity can be measured by the number of hours given by the labor.
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