The assumption underlying the quantity theory of money that is causing the theory to not well-explain the observed relationship between money growth, real GDP growth, and inflation from 2005 to 2020 is the assumption of a stable velocity of money.
The quantity theory of money states that there is a direct relationship between money supply, real GDP growth, and inflation. According to the theory, if the money supply grows faster than real GDP, inflation will occur.
However, the quantity theory of money assumes a stable velocity of money, which represents the speed at which money circulates in the economy. It assumes that changes in the money supply will have a proportional impact on nominal GDP.
From 2005 to 2020, the observed relationship between money growth, real GDP growth, and inflation did not align well with the predictions of the quantity theory of money. This can be attributed to the instability of the velocity of money during this period.
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a manufacturer reduces the price of its digital cameras by 20% and, as a result, the volume of sales rises by 30%. therefore, the value of price elasticity of demand for the good is
The value of price elasticity of demand for the good is 1.5.
What is Price Elasticity of Demand?Price elasticity of demand is a measure of the responsiveness of the demand for a good or service to a change in its price. The demand for a good or service is said to be elastic if the quantity demanded changes proportionately more than the percentage change in price.
The formula to calculate the price elasticity of demand is as follows: \(E_d\) = percentage change in quantity demanded / percentage change in price, where, \(E_d\) is price elasticity of demand.
Here, the price of digital cameras has been reduced by 20% and as a result, the volume of sales rises by 30%. Therefore, the percentage change in price is 20% (as the price is reduced by 20%). And the percentage change in quantity demanded is 30% (as the sales have risen by 30%).
Using the formula, \(E_d\) = percentage change in quantity demanded / percentage change in price= 30% / 20%= 1.5. Hence, the value of price elasticity of demand for the good is 1.5.
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Difference between profession and professional human resource
Answer:
Professional in Human Resources (PHR) human resource management profession. The certification, awarded by the Human Resource Certification Institute (HRCI), signifies that individuals possess the theoretical knowledge and practical experience in human resource management necessary to pass an examination demonstrating a mastery of the body of knowledge in the field. The Senior Professional in Human Resources (SPHR) is the senior-most human resources certification for those who have also demonstrated a strategic mastery of the HR body of knowledge.
a service was performed for a client with payment due in 30 days what accounts are affected
a) debit Capital, Credit bank
b) debit accounts receivable, credit capital
c) debit Bank, credit accounts receivable
d) credit accounts payable, debit capital
Answer:
b) debit accounts receivable, credit capital
Explanation:
Performing service is part of normal business activities. It generates revenue for the business.
Once a service has been performed, revenue increases. Revenue is an equity account (it increases the owner's equity). An increase to an equity account is recorded by crediting the account.
The payment will be received in 30 days. This is an increase in accounts receivables ( asset account). An increase in assets is recorded as a debit.
Which of the following is NOT a fixed expense?
Answer:
?????????????????
Explanation:
Fixed expenses are costs that do not change from month to month and do not change according to the needs. So, Groceries are not a fixed expense. Option D. is correct.
Groceries are a variable expense, as the amount spent on groceries can vary depending on dietary needs, shopping habits, and other factors. So, groceries can vary according to needs because Variable expense is a cost that varies depending on usage.
While the other options Car payment, Insurance premiums, and Gym membership are included in fixed expenses.
Therefore, the correct option is D.
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This is an incomplete question, probably the complete question is:
Which of the following is NOT a fixed expense?
A. Car payment
B. Insurance premiums
C. Gym membership
D. Groceries.
Thomas, the head of the marketing department in an organization, has structured his department in such a way that the roles and responsibilities of his workers are loosely defined. Moreover, he does not exert too much control over his workers and encourages two-way communication. His workers tend to be highly satisfied with their jobs when compared to those in the finance department, headed by John who exerts more control. From this scenario it can be inferred that Thomas has adopted a(n) _________ mechanism for coordinating. Group of answer choices
Group of answer choices.
a. bureaucratic
b. authoritative
c. centralized
d. behavioristic
Answer:
d. behavioristic.
Explanation:
A functional (departmental) organizational structure is a type of structure used to organize staffs by dividing them into various departments based on their skill set, roles or functions and knowledge.
These departments which are vertically structured may include, finance, IT, sales and marketing, research and development, customer service etc. Also, the various departments are headed by a functional manager who are saddled with the responsibility of overseeing, managing and reporting to the executive management.
A span of control can be defined as the number of people (employees or workers), functions, activities which are being directly controlled effectively and efficiently by a manager in an organization.
In this scenario, Thomas, the head of the marketing department in an organization, has structured his department in such a way that the roles and responsibilities of his workers are loosely defined. Moreover, he does not exert too much control over his workers and encourages two-way communication. His workers tend to be highly satisfied with their jobs when compared to those in the finance department, headed by John who exerts more control. From this scenario, it can be inferred that Thomas has adopted a behavioristic mechanism for coordinating because he doesn't exert too much control over his subordinates.
find the elasticity of demand (e) for the given demand function at the indicated values of p. is the demand elastic, inelastic, or neither at the indicated values?
In both cases, the value of E (elasticity of demand) is negative and elastic, -$14.4 and -0.599 respectively.
The given demand function is given by q = 406 - 0.2p².
We can find the elasticity of demand (E) at the specified values of p using the formula: E = (Δq/Δp) × (p/q).
By comparing the calculated elasticity with specific thresholds, we can determine if the demand is elastic, inelastic, or neither at the given values.
Δp is the change in price,
p is the original price, and
q is the original quantity demanded.
Using the given demand function, we can find the derivative of q with respect to p as follows:
q = 406 - 0.2p²dq/dp = -0.4p
Now we can substitute the given values of p into this equation to find the corresponding values of dq/dp:
When p = $25,
dq/dp = -0.4($25) = -$10
When p = $36,
dq/dp = -0.4($36) = -$14.4
Next, we can use these values to find the elasticity of demand:
E = (Δq/Δp) × (p/q) = (dq/dp) × (p/q)For p = $25:
E = (-10) × (25/((406 - 0.2(25)²))) ≈ -0.616
For p = $36:E = (-14.4) × (36/((406 - 0.2(36)²))) ≈ -0.599
In both cases, the value of E is negative.
This indicates that the demand is elastic at the indicated values of p.
Specifically, a 1% increase in price will cause a more than 1% decrease in quantity demanded.
This suggests that the product is relatively price-sensitive, and consumers are likely to reduce their purchases significantly in response to a price increase.
The question should be:
Find the elasticity of demand (E) for the given demand function at the specified price values. Determine if the demand is elastic, inelastic, or neither based on the calculated elasticity. The demand function is q = 406 - 0.2p^2, and we need to calculate the elasticity at prices of $25 and $36.
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The US Economy is experiencing a huge trade deficit over last few decades. Explain the causes and consequences of this trade deficit on the US economy. g
The consequences of the trade deficit are that it cut down the incomes of domestic someone, and moving numerous into devalued income sets, and the main causes of the trade deficit are the lower productivity and the lower trade barriers.
What is trade deficit?The trade deficit occurs at the time if the value of a country's imports oversteps the value of its exports. The Imports and exports associate to both tangible commodities and services.
The trade deficit has the effect of reducing domestic earnings and pushing many people into devalued income groups, and the major drivers of the trade deficit are reduced productivity and lower trade barriers.
Therefore, the trade barriers arise due to the lower productivity and trade barriers.
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You charge $298.95 on a credit the card has an annual percentage rate of 18% how long will it take to re-pay your debts if you make monthly payments of $6.75 and what is the total amount of interest you will pay
Uniform Series Summary:
•Remember - it is: _____________.
•So (A/P) is: _______________________________.
Remember - it is a series of equal cash flows occurring at regular intervals.
So (A/P) is the Uniform Series Present Worth Factor, which is used to calculate the present value of a series of equal cash flows.
To explain further, a Uniform Series is a sequence of equal payments or cash flows that occur at regular intervals over a certain period. In financial analysis, this is commonly seen in loan payments, savings plans, or investments.
The (A/P) factor, also known as the Uniform Series Present Worth Factor, is a formula used to find the present value of a uniform series of cash flows. This factor helps you determine how much a series of future cash flows is worth in today's money. The formula for (A/P) is:
(A/P) = (1 - (1 + i)^(-n)) / i
Where:
A is the uniform series amount (equal cash flows)
P is the present worth (value of the cash flows today)
i is the interest rate per period
n is the number of periods
By using the (A/P) factor, you can easily calculate the present worth of a uniform series and make informed financial decisions based on the value of those cash flows in today's terms.
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1.If all 25,000 sweatshirts are sold, how much revenue will be made?
If all 25,000 sweatshirts are sold, the revenue that will be made would be more higher and max. For non-benefit associations, revenue might be alluded to as net receipts, support, commitments.
What does Revenue means?In bookkeeping, revenue is the aggregate sum of pay produced by the offer of labor and products connected with the essential tasks of the business.
Overall use, revenue is the aggregate sum of pay produced by the offer of labor and products connected with the organization's essential tasks Deals revenue is pay gotten from selling labor and products throughout some stretch of time. Charge revenue is pay that an administration gets from citizens. Raising support revenue is pay gotten by a foundation from contributors and so on to additional its social purposes.
In more proper utilization, revenue is a computation or assessment of occasional pay in view of a specific standard bookkeeping practice or the principles laid out by an administration or government office.
Therefore For non-benefit associations, revenue might be alluded to as net receipts, support, commitments.
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All of the following are assumptions of cost-volume-profit analysis except a.the sales mix is constant. b.costs can be divided into fixed and variable components. c.there is no change in inventory quantities during the period. d.within the relevant range of operating activity, the efficiency of operations can change.
Answer:
d. within the relevant range of operating activity, the efficiency of operations can change.
Explanation:
Cost-volume-profit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Generally, to use the cost-volume-profit analysis, financial experts usually make some assumptions and these are;
1. Sales price per unit product is kept constant.
2. Variable costs per unit product are kept constant and the total fixed costs of production are kept constant i.e costs can be divided into fixed and variable components.
3. All the units produced are sold i.e there is no change in inventory quantities during the period.
5. The costs accrued are as a result of change in business activities.
6. A company selling more than a product should simply sell in the same mix i.e the sales mix is constant.
Hence, the aforementioned are assumptions of cost-volume-profit analysis except that, within the relevant range of operating activity, the efficiency of operations can change.
All of the following are assumptions of cost-volume-profit analysis except within the relevant range of operating activity, the efficiency of operations can change. Thus, option D is the correct option.
The break-even analysis, also known as cost-volume-profit analysis, is a crucial technique for forecasting the amount of activity, expenditures to be incurred, sales to be produced, and profits to be realized. It is employed to assess how variations in various activity levels, such as expenses and volume, impact an organization's operating income and net income.
Financial professionals typically utilize the cost-volume-profit analysis and base their decisions on the following assumptions:
The unit sales price of the product is constant.The overall fixed costs of production are maintained at a consistent level, allowing for the division of costs into fixed and variable components.Learn more about cost-volume-profit here:
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11. True or false. A crime is an offense against the public at large.
a. TRUE
b. FALSE
Answer:
I mean I'm pretty sure that's true considering crime is against the law.
It is true that a crime is an offense against the general public. Thus option (A) is correct.
What is the offense?You know, playing offense refers to taking proactive measures, approaching rather than avoiding situations, getting a head start on the day, and tackling the difficult task first. By taking the offensive, you are shaping your life rather than letting it happen to you. Compared to playing defense, it is considerably more intriguing and gratifying.
The offensive conduct is the primary focus of a public order felony charge. While public order offenses generally follow a similar pattern across all states, certain local governments may have extra or different laws.
Such actions are viewed as crimes not because an obvious offender and victim can be identified, but rather because the larger community, or at least a vocal and influential portion of it, feels offended and hence victimized by such actions. Public order offenses have different legal standing in different jurisdictions.
Therefore, Thus option (A) is correct.
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Suppose all firms follow similar financing policies, face similar risks, have equal access to capital, and operate in competitive product and capital markets. However, firms face different operating conditions because, for example, the grocery store industry is different from the airline industry. Under these conditions, firms with high profit margins will tend to have high asset turnover ratios, and firms with low profit margins will tend to have low turnover ratios.
a. True
b. False
on January 1, Year 1, Pell Corp. purchased a machine having an estimated useful life of 10 years and no salvage. The machine was depreciated by the double declining balance method for both financial statement and income tax reporting. on January 1, Year 6, Pell changed to the straight-line method for financial statement reporting but not for income tax reporting. Accumulated depreciation at December 31, Year 5, was $560,000. If the straight-line method had been used, the accumulated depreciation at December 31, Year 5, would have been $420,000. Pell's enacted income tax rate for Year 6 and thereafter is 30%. The amount shown in the Year 6 income statement for the cumulative effect of changing to the straight-line method should be: ___________
a. $98,000 debit.
b. $98,000 credit.
c. $140,000 credit.
d. $0.
Which of the following statements is true about the traditional tradeoff between the richness and reach of a marketing message prior to the development of the Web?A) Marketing messages had little richness.B) The smaller the audience reached, the less rich the message.C) The larger the audience reached, the less rich the message.D) Richness was unrelated to reach.
The larger the audience reached, the less rich the message is the true statement about the traditional tradeoff between the richness and reach of a marketing message prior to the development of the Web. Option(C)
The traditional tradeoff between the richness and reach of a marketing message refers to the fact that there is often an inverse relationship between the level of detail and nuance in a message (its "richness") and the size of the audience that it can effectively reach.
In other words, the more detailed and personalized a message is, the fewer people it can effectively reach, while a broader, less nuanced message can reach a larger audience.
Prior to the development of the web, this tradeoff was particularly pronounced, as most marketing messages were delivered through mass media channels such as television, radio, and print advertising.
These channels had the advantage of reaching large audiences, but were limited in their ability to provide detailed, personalized messages to individual consumers.
Therefore, C) The larger the audience reached, the less rich the message is the true statement about the traditional tradeoff between the richness and reach of a marketing message prior to the development of the Web.
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Metro General is a municipally-owned and operated hospital and a component unit of Metro City. In 2007, the hospital received $7,000 in unrestricted gifts and $4,000 in unrestricted bequests. The hospital has $800,000 in long-term debt and $1,200,000 in fixed assets.
The hospital has transferred certain resources to a hospital guild. Substantially, all of the guild's resources are held for the benefit of the hospital. The hospital controls the guild through contracts that provide it with the authority to direct the guild's activities, management, and policies.
The hospital has also assigned certain functions to a hospital auxiliary, which operates primarily for the benefit of the hospital. The hospital does not have control over the auxiliary.
The financial statements of the guild and the auxiliary are not consolidated with the hospital's financial statements. The guild and the auxiliary have total assets of $20,000 and $30,000, respectively.
Before the hospital's financial statements were combined with those of the city, the city's statements included data on one Special Revenue Fund and one Enterprise Fund.
The city's statements showed $100,000 in Enterprise Fund Long-Term Debt, $500,000 in Enterprise Fund Fixed Assets, $1,000,000 in General Long-Term Debt, and $6,000,000 in General Fixed Assets.
What account or accounts should be credited for the $7,000 in unrestricted gifts and the $4,000 in unrestricted bequests?
A. Operating Revenue $11,000
B. Nonoperating Revenue $11,000
C. Operating Revenue $ 7,000
Nonoperating Revenue $4,000
D. Nonoperating Revenue $ 7,000
Operating Revenue $4,000
The account or accounts that should be credited is B. Nonoperating Revenue $11,000
Based on the information given the account or accounts that should be credited is Nonoperating Revenue with the amount of $11,000.
Calculated as:
Nonoperating Revenue=Unrestricted gifts +Unrestricted bequests
Nonoperating Revenue=$7,000+$4,000
Nonoperating Revenue=$11,000
Hence:
Nonoperating Revenue are amount or income generated that are not part of company or organization Operating activities
Inconclusion The account or accounts that should be credited is B. Nonoperating Revenue $11,000.
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Derive an expression for the price of a custom fixed-income security with the following annual payment structure as a portfolio of perpetuities in an economy with a yield of Y. Your answer should be a multiple of C/Y. Use annual compounding.
payment 0 : times = year 1
payment C : times = year 2 & 3
payment 2C : times = year 4 & 5
payment 3C : times = year 6, 7, & 8
payment 0 : times = all years after year 8
The price (P) of the custom fixed-income security can be expressed as a portfolio of perpetuities in terms of the annual payment (C) and yield (Y) as follows: P = (C/Y) * (1 + 1/(1+Y)^2 + 1/(1+Y)^4 + 1/(1+Y)^6 + ...)
To derive the expression for the price of the custom fixed-income security, we consider the annual payment structure and view it as a series of perpetuities with different payment amounts and time periods. The payment amounts are C, 2C, 3C for specific time periods, and zero payment for the remaining years.
The price of a perpetuity with an annual payment of C is given by C/Y, where Y is the yield. We then sum up the present values of each perpetuity component, taking into account the different time periods.
For the first payment of C in year 2 and year 3, the present value is C/Y divided by (1+Y)^2. Similarly, for the payment of 2C in year 4 and year 5, the present value is 2C/Y divided by (1+Y)^4. The payment of 3C in year 6, 7, and 8 has a present value of 3C/Y divided by (1+Y)^6.
For all the years after year 8, there is no payment, so the present value is zero.
By summing up all these present values, we obtain the expression for the price of the custom fixed-income security as a portfolio of perpetuities, which is (C/Y) multiplied by the sum of the terms (1 + 1/(1+Y)^2 + 1/(1+Y)^4 + 1/(1+Y)^6 + ...).
Note that the expression is a multiple of C/Y and represents the price of the custom fixed-income security in terms of the yield Y.
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In what three ways does the government affect production of goods and services in the US economy?
A box of ground nutmeg weighs 1 1/3 ounces. If there are 20 teaspoons of nutmeg in the box. How much does one teaspoon of nutmeg with?
Which of the following would be more typically the responsibility of a controller rather than a treasurer?A) Overseeing accounting and tax functionsB) Capital budgetingC) Managing creditD) Making investment decisions
overseeing accounting and tax functions would be more typically the responsibility of a controller rather than a treasurer.
Who is considered as treasurer?An organization's treasurer is in charge of managing its finances. Cash and liquidity management, risk management, and corporate finance are among a corporate treasurer's important primary responsibilities. The major responsibilities of a treasurer include supervising the organization's financial management, reviewing policies and financial reporting, advising the board on financial strategy, and providing fundraising advice. A treasurer, often known as a financial controller, is responsible for supervising all financial activities and fundraising attempts made by an organizing committee. Their main responsibilities include managing incoming and outgoing funds, maintaining records, and establishing the budget.A controller, not a treasurer, would normally be in charge of supervising accounting and tax functions.To learn more about treasurer refer to:
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In what month does the fafsa become available for the following year and when is the best time to submit it?.
Please submit your application before February 1, 2023, for priority consideration for FAFSA.
Applications are accepted up until midnight Central time on April 1, 2023. Please submit your application before December 1, 2022, for priority consideration.
What month of the year is the FAFSA available?
When should I finish the FAFSA application? Every year on October 1st, the government releases a new version of the form. Each year that you attend school, a new FAFSA must be filled out. Make sure to complete your new forms online so you can simply make changes rather than starting over with your application.
FAFSA: Current and prospective college students in the United States must fill out the Free Application for Federal Student Aid in order to determine their eligibility for financial aid. The CSS Profile, which some universities also demand, is distinct from the FAFSA.
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Reliability is important to successful research, but every measurement involves a certain amount of error. what list describes some factors that commonly undermine reliability?
Some factors that commonly undermine reliability in research are - Low precision, variation in the participant and environment, state of the experimenter.
The degree to which the outcomes of a research session can be reiterated or reproduced within the same circumstances is referred to as reliability in research. A study with high reliability produces accurate outcomes every time it is carried out. Moreover, reliability is such method for assessing whether we can trust the study's findings. A study with inconsistent results, where the outcome varies from one study to the next, implies that the research has low reliability and isn't very useful.
A research study can be reliable in several ways. Research can be dependable across time, which makes reference to a study that produces consistent results when repeated by the same researcher at a different moment in time.
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True or false: All other things being equal, taxpayers should prefer to recognize income during high-tax-rate years.
The statement that All things being equal, taxpayers, should prefer to recognize deductions during high tax-rate years is True.
Who are taxpayers?The taxpayers are individuals or organization that is been given responsibility by the government to pay their tax.
However, taxpayers, should prefer to recognize deductions in the period of income during low-tax rate years.
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Where would you find the Create Table Dialog Box?
Data tab, Get & Transform Data group
Data tab, Outline Command group
Insert tab, Charts gallery
Insert tab, Tables command group
Answer:
d
Explanation:
took the test
Answer:
D.
Explanation:
correct on edge
Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.
Name 4 things you can buy insurance for?
Answer:
Weather, Car, house, and appliances.
Explanation:
Its simple
Felipe's uncle owns a large manufacturing business with offices in three states. This type of business would BEST be described as what?
The type of business that the uncle is said to have would be described as an entrepreneurial business.
What is an entrepreneurship?This is used to refer to the business that is owned by a single person. This person is called the entrepreneur who gets to enjoy either the profit or the loss that may occur in the business that he is operating.
The question says that the uncle has a chain of these businesses across three states, we can say that the uncle is an entrepreneur.
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Answer: corporate
Explanation: it has three locations in different states, which gives it a wide range of clients.
If you have easy access to a computer, your job search efforts should be limited to the Internet. Please select the best answer from the choices provided
Answer:
false
Explanation:
Answer: false
Explanation:
joe Henry's machine shop uses 2540 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand 2,540
Holding cost per bracket per year $ 1.30
Order cost per order $ 18.00
Lead time 2days
Working days per year 250
d) Given the EOQ, what is the total annual cost of managing (ordering and holding) the inventory? $_______ (round your response to two decimal places)
The total annual cost of managing the inventory is $94.44 (rounded to two decimal places).
To calculate the total annual cost of managing the inventory, we need to use the Economic Order Quantity (EOQ) formula:
EOQ = sqrt((2 * annual demand * order cost) / holding cost per bracket per year)
EOQ = sqrt((2 * 2540 * 18) / 1.30) = 140.72
Now that we have calculated the EOQ, we can use it to calculate the total annual cost:
Total annual cost = (annual demand / EOQ) * order cost + (EOQ / 2) * holding cost per bracket per year
Total annual cost = (2540 / 140.72) * 18 + (140.72 / 2) * 1.30 = $94.44
Therefore, the total annual cost of managing the inventory is $94.44 (rounded to two decimal places).
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In for peny, in for a pound , taking care of the rands and cents
Answer:
l don't understand the question you ask