If an entrepreneur gives up her job to start a new business, the forgone earnings are:______.

Answers

Answer 1

If an entrepreneur gives up her job to start a new business, the forgone earnings are implicit costs.

What is implicit cost?

Implicit costs are a special kind of opportunity cost: they represent the cost of the company's existing resources that could have been used in another way. An entrepreneur who runs a firm, for instance, could use her labor to pay the bills at a job.

Therefore,

If an entrepreneur gives up her job to start a new business, the forgone earnings are implicit costs.

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Related Questions

The new york times reported that the average base salary of a data scientist is $85,000 competitive bonus.
a. true.
b. false

Answers

The New York Times reported that the average base salary of a data scientist is an $85,000 competitive bonus is a false statement. Thus, option B is correct.

What is the salary?

A salary can be defined as the amount that is paid to a person by the employer for the work that he or she has done.

The report that said the data scientist's average salary is around, $85000 with a competitive bonus is a wrong statement as the package value of that person will be greater than the general amount that is going on for that particular job for a data scientist. Therefore, option B is the correct option.

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What consideration should researchers take into account when designing an online study?

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Attention should researchers don't forget when designing a web study: moral considerations in studies are a fixed of ideas that manual your research designs and practices. these standards consist of voluntary participation, knowledgeable consent, anonymity, confidentiality, the capacity for harm, and consequences of conversation.

Researchers collect, organize, examine, and interpret information and evaluations to discover problems, and clear up issues, and expected trends. maximum researchers degree in public opinion. Social technology researchers gauge the public's opinion concerning social problems, offerings, political campaigns, parties, and personalities.

Research is described as cautious consideration of taking a look at regarding a selected difficulty or problem with the use of medical strategies. consistent with the American sociologist Earl Robert Babbie, “studies is a systematic inquiry to describe, explain, are expecting, and manage the determined phenomenon. research is careful and prepared to take a look at or gathering of facts about a specific subject matter. An example of studies is a challenge wherein scientists try to discover a cure for AIDS. An example of research is the facts an excessive college student tracks down facts for a college file.

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The amount of goods and services produced from each unit of labor input is called.

Answers

Answer:

entrepreneurship

Explanation:

is the creating of an innovative of business with an aim of getting profit

Employers can achieve fewer accidents and lower workers compensation cost by:_________

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Employers can reduce safety dangers and workers compensation costs by investigating all accidents with an eye toward future deterrence.

Definition of Workers' Compensation

Employees who sustain diseases or injuries at work are given benefits under workers' compensation insurance, a sort of commercial insurance. This insurance specifically aids in covering expenses such as medical care, lost wages from missed work, and more. Benefits from workers' compensation insurance might vary by state.

Three ways that workers' compensation insurance safeguards your company. These include things like providing coverage for employee illnesses and workplace accidents, defending your company in legal proceedings, and maintaining compliance with state laws.

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. What do you think that Professor Porter means when he says, "I think many have seen business
as the problem, or at least one of the problems, in many of the social challenges we face"? Do you
agree with this statement? Explain your thoughts.

Answers

Professor Michael Porter of the Harvard Business School is here to argue that business can contribute to solving social issues. The TED attendees in the room clearly concur with his opening statement that we are all acutely aware of the problems that exist with regards to climate change, healthcare, and access to clean water.

They all unambiguously concur with his thesis that business is frequently seen as the issue rather than the solution, and a lot of them.

The issue with the issue is as follows. The mechanisms we've created to address social ills, such as NGOs and philanthropies, are well-intentioned and driven, but they aren't built to scale. We're not moving forward quickly enough, which is an uncomfortable reality. Porter declares, "We're not winning. These issues seem extremely difficult and insurmountable. Any answers we do manage to find are modest ones that represent minor steps forward.

The problem is that the existing paradigm doesn't have nearly enough funding to make the required transformation. We have to face this problem squarely. Porter wonders, "How can we generate resources?" His response: through business, which generates wealth by satisfying its own needs and turning a profit.

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The _________ represents the cumulative total of net income less dividends over the life of the company.

Answers

The ending balance of retained earnings represents the cumulative total of net income fewer dividends over the life of the company.

This is further explained below.

What are earnings?

Generally,  The net advantages of a corporation's operations are referred to as earnings.

Earnings are the basis for calculating the tax liability of a corporation. EBIT and EBITDA are only two of the more technical metrics that are used when doing an examination of certain facets of business operations.

It is standard practice to use a variety of other phrases in place of earnings, such as income and profit.

In conclusion, The cumulative sum of retained profits during the company's entire existence is represented by the ending balance of retained earnings. This figure is calculated by deducting dividends from net income.

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Assuming that reader direct generates net income of $3,000 and pays dividends of $2,000 in 2021, what would be the ending retained earnings balance at december 31, 2021?

Answers

The ending retained earnings as at December 31, 2021 is $1,000.

What is the ending retained earnings?

Retained earnings is the cumulative portion of the profit of a company that is not distributed to shareholders as dividends. Retained earnings increase the value of a firm. Net income increases retained earnings. Losses and dividend payment reduces retained earnings.

Retained earnings can be used for working capital and capital expenditures or it can be used to pay off debt obligations of the company. Retained earnings is the link between the income statement and the balance sheet. Retained earnings is recorded in he shareholder's equity section.

If a company does not believe it can use its retained earnings efficiently to generate profits, the retained earnings should be distributed to shareholders as dividends.

Ending retained earnings is net income less dividends.

Ending retained earnings = net income - dividends

$3000 - $2000 = $1000

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Allocated common costs are ______ avoidable and/or relevant to a decision.
a. always
b. sometimes

Answers

Allocated common costs are sometimes avoidable and/or relevant to a decision.

What Is Decision-Making?

It is acceptable to argue that management is nothing more than a continual process of decision-making if we have to define decision-making in the context of the workplace. Business managers are in charge of making operational choices and seeing that their staff carry them out. In actuality, every manager's ability to make decisions is a key factor in determining success.

The skill of decision-making is essential to the process of company planning. Managers must make a number of decisions during the planning phase, including establishing organizational goals. They select important items, marketing tactics, job descriptions, and deadlines for each activity. When the plans fail to produce the expected results or are derailed by outside factors or poor execution.

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The proper sequential order of payments for the use of land, labor, capital, and entrepreneurship are called?

Answers

In economic parlance, the proper sequential order of payments for the use of land, labor, capital, and entrepreneurship are:

Land - RentLabor - WagesCapital - InterestEntrepreneurship - Profit.

See further explanation below.

What are factors of production?

According to traditional economics, the four main factors of production are given below:

land, or physical space and natural resources, labor, or workers, capital, or money and equipment, and entrepreneurship, or ideas and drive, which are used together to achieve a successful attempt at selling a product or service.

Some contemporary economists and neo-classical economists have included information or business intelligence as a fifth factor of production.

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Consumers express self-interest when they:_________
a) collect economic profits.
b) exclude others in their thinking.
c) seek the lowest price for a product.
d) reduce business losses.

Answers

Consumers express self-interest when they seek the lowest price for a product.

What is the meaning of self interest?

This is the term that has to do with the personal advantage that a person would have due to the choices that they make which they intend to suit them first before any other person. People seek for lower prices without having to care about the way that the request would affect the business that they are buying from.

Hence we can say that: Consumers express self-interest when they seek the lowest price for a product.

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Is the company's market-to-book ratio meaningful? is its book debt-equity ratio meaningful? explain

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Because the book value of equity is negative in this case, Clorox's market-to-book ratio and its book debt-equity ratio are not meaningful. Its market debt-equity ratio may be used in comparison.

What is debt-equity ratio?

The debt-to-equity ratio is a financial metric that shows how much debt and shareholder equity were utilized to finance the assets of a company. The ratio, often known as risk, gearing, or leverage, is closely related to leveraging. The debt-to-equity (D/E) ratio demonstrates how much equity and debt are being used by a company to finance its assets. The D/E ratio indicates the capacity of shareholder equity to pay creditors in the case of a corporate downturn. Debt to Equity Ratio = Total Debt / Shareholder Equity is a quick formula. Long formula: Shareholders' equity / (short term debt plus long term debt plus fixed payment obligations).

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The accounting concept/principle beinga ppled when an ajustment is made is usually?

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The accounting concept/principle being applied when an adjustment is made is usually matching revenue and expense. The matching principle, which states that expenses should be recorded in the same accounting period as revenue connected to those expenses, can be adhered to by making adjusting entries.

The Matching Principle's advantages

The accrual accounting method's matching concept contributes to a more accurate depiction of a company's operations on the income statement.

Investors often prefer a normalized income statement that is smooth and continuous rather than a lumpy one that is disjointed. Investors have a better understanding of the real economics of the company by combining them.

However, it should be noted that it's crucial to consider both the income statement and the cash flow statement.  

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A firm has a total debt ratio of 0.30 times. this means the firm has ___ in total debt for every $1 in total assets.

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A firm has a total debt ratio of 0.30 times. this means the firm has $0.30 in total debt for every $1 in total assets.

What is debt ratio of a company?

The debt ratio of a company means its total debt as percentage of total assets of the company, in other words, the debt ratio can be determined as the total debt divided by total assets expressed as a percentage

debt ratio=total debt/total assets

debt ratio=0.30

total debt=unknown(assume it is x)

total assets=$1

0.30=x/$1

x=0.30*$1

x=total debt for every $1 of total assets=$0.30

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In project procurement management, which is an output of the conducting procurements process?

Answers

In project procurement management, which is an output of the conducting procurements process - change requests

Conducting procurement

Conducting procurement is a step in the procurement process that is defined as gathering replies from potential sellers, selecting a seller, and giving the contract to the chosen vendor. It is critical to remember that there are two roles involved in conducting procurement: buyer and seller. Thus, conduct procurement entails planning and directing operations such as bidder conferences, distributing bid packages to potential sellers, evaluating potential sellers, and finally selecting the sellers. This technique has the advantage of aligning stakeholder expectations through existing agreements.

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Which statement best describes the relationship between price and quantity supplied? a When prices increase, quantity supplied increases.b When prices increase, quantity supplied stays the same. cWhen prices decrease, quantity supplied increases. d When prices decrease, quantity supplied stays the same.

Answers

A is the option that offers the most accurate description of the connection between the selling price and the total amount.

When prices go higher, there is a corresponding rise in the amount that is provided.

When prices increase, the quantity supplied increases. Option A

What does the price mean?

This is a reference to the value that is affixed to a certain good or service, which is the amount that it may be bought or acquired for.

As a result, we can see that based on the economic principle of price and quantities supplied, we can make the observation that when prices increase, the quantity supplied increases, and this is because of demand and supply.

In other words, when prices go up, there are more goods available for purchase.

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The three different ways of expressing information about the supply of a good - service - or resource are:______.

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The three different ways of expressing information about the supply of a good - service - or resource are

supply supply curve supply schedule.

This is further explained below.

What is supply?

Generally, In the field of economics, "supply" refers to the entire quantity of a certain good or service that a provider is willing to make available to buyers within a specific time frame and at a specific price point.

The movement of the market is often what decides it. For example, if there is a larger demand, a provider may feel pressured to expand their supply.

In conclusion, The following are the three distinct methods that one might convey information on the availability of a product, service, or resource:

supply supply curve supply schedule.

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Preparing a(n) ____ trial balance is the last step in the accounting cycle and occurs after all accounts have been updated with closing journal entries.

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Preparing a post-closing trial balance is the final step in the accounting cycle and happens after all accounts have been updated with finished journal entries.

Why is a Post Closing trial balance performed?

Post-closing trial balance: The post-closing trial balance is run behind closing entries that have been assembled and serve two purposes. It guarantees that debits and credits match while also confirming that temporary account credits have been reset to zero to begin the new accounting term.

The closing entry aims to reset the temporary account proportions to zero on the general ledger, the record-keeping system for a firm's financial data.

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Homeowner shelby wants to refinance her home. it's important for her to understand that regardless of how she refinances, the points paid for refinancing are ______.

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Homeowner Shelby wants to refinance her home. it's important for her to understand that regardless of how she refinances, the points paid for refinancing are deducted. The remaining points must be deducted during the duration of the new loan. She might be able to deduct the points she paid.

What is Home refinancing?

When one refinances their mortgage, they are replacing your existing loan with a new one. The new loan may have different terms, such as switching from a 30-year to a 15-year term or from an adjustable rate to a fixed rate, but the most typical difference is a reduced interest rate.

Why do homeowners opt for refinancing?

Refinancing allows you to decrease your payment each month, save money on interest throughout the life of your loan, pay off your mortgage faster, and draw on the equity in your house for any reason.

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Bae Inc. is considering an investment that has an expected return of 15% and a standard deviation of 10%. What is the investment's coefficient of variation?

Answers

The investment's coefficient of variation is 0.67.

What Is Standard Deviation?

The square root of the variance is used to calculate the standard deviation, a statistic that expresses how widely spaced a dataset is from its mean. The standard deviation can be calculated by taking the square root of the variance and dividing it by the divergence of each data point from the mean.

When the data points are further from the mean, the variance within the data set is higher; conversely, when the data are more skewed, the standard deviation is higher. The greater the standard deviation of the securities, the greater the difference between each price and the mean, which suggests a wider price range. For instance, the standard deviation of a volatile stock is large, compared to the typically low standard deviation of a solid blue-chip stock.

It is given that:

Expected return = 15.0%,

Standard deviation = 10.0%

Coefficient of variation = standard deviation/expected return

Coefficient of variation = 0.67

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What financial reporting aspect helps investors and creditors assess the risks associated with liabilities that require expenditures of cash or other assets in the near term?

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Classification as current or long-term helps investors and creditors assess the risks associated with liabilities that require expenditures of cash or other assets in the near term.

A liability is something a person or organization owes, typically an amount of money. Liabilities are settled over the years via the switch of economic benefits such as cash, goods, or services.

Legal responsibility is a legally binding obligation payable to another entity. Liabilities are incurred on the way to fund the continuing sports of a business. Examples of liabilities are money owed payable, amassed expenses, wages payable, and taxes payable.

Each is indexed on a company's balance sheet, an economic declaration that indicates a agency's financial fitness. belongings minus liabilities equal fairness, or an owner's internet really worth.

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Using straight-line depreciation for financial reporting purposes and macrs for tax purposes creates:______.

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The correct answer is Deferred tax liability.

The deferred tax obligation on a company's balance sheet represents taxes that are owed but won't be paid until a later date. The obligation is delayed because there is a lag between when the tax incurred and when it is scheduled to be paid.

Is deferred tax a burden or an asset?

Deferred tax assets are items that appear on the balance sheet as a result of overpayments or early tax payments. The inverse of this is a deferred tax obligation, which reflects unpaid income taxes.

The balance sheet displays an obligation for deferred income tax. Deferred income tax is a type of liability that can be either current or long-term.

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If the state government allocates additional spending on education programs, the opportunity cost is:______.

Answers

It Allocates that

measured in terms of the best alternative uses for that money.

In microeconomic hypothesis, the open door cost of a specific action is the worth or advantage surrendered by taking part in that action, comparative with taking part in an elective action.

What is opportunity cost and its recipe?Opportunity cost is the worth of the following best other option or choice. This worth could conceivably be estimated in cash. Worth can likewise be estimated by different means like time or fulfillment. One recipe to work out open door expenses could be the proportion of what you are forfeiting to what you are acquiring.

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The shares of an acquired company not held by the controlling shareholder are called the:________

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The shares of an acquired company that is not held by the controlling shareholder are called a non-controlling interest.

A non-controlling interest can also be called a minority interest. This is a type of ownership position where the shareholder will own less than 50% of the outstanding shares. As the shareholder owns only 50% he will have no control over the decisions that are taken by the company. Most of the shareholders would be considered as having a non-controlling interest.

The non-controlling interest can be calculated at the net asset value of the entities. These shareholders do not account for potential voting rights. This non-controlling interest is the opposite of a controlling interest. Under the controlling interest, the majority of the shares will be held by one individual only.

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Explain why some buyers would think the equilibrium price of coat is too big and some sellers would think the equilibrium price is too low

Answers

Some buyers would think the equilibrium price of coat is too big while some sellers would think the equilibrium price is too low because the quantity of goods that buyers are willing to buy does not balances the quantity of goods sellers are willing and able to sell.

What is an equilibrium price?

Basically, an equilibrium refers to the state in which market supply &  demand balance each other and because of this, the prices become stable. Also, the equilibrium price is where the supply of goods matches demand and when a major index experiences a period of consolidation or sideways momentum, it can be said that the forces of supply and demand are relatively equal and the market is in a state of equilibrium.

Therefore, in some cases buyers would think the equilibrium price of coat is too big while sellers would think the equilibrium price is too low because the quantity of goods that buyers are willing to buy does not balances the quantity of goods sellers are willing and able to sell.

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In the prs country composite risk ratings, a score of ______ represents the least risky and a score of _____ represents the most risky.

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In the prs country composite risk ratings, a score of 100 represents the least risky and a score of 0 represents the most risky.

The term "risk rating" refers to the categorization of risks and their effects on the business in terms of reputational or financial harm to a company or industry. Due to the fast-paced business environment, organizations should think about performing at least a yearly risk rating review. Identifying and analyzing potential events that could harm people, property, and/or the environment, as well as making decisions "on the tolerability of the risk on the basis of a risk analysis" while taking influencing factors into account, are all parts of a risk assessment. Risk levels can range from low to high. Based on the ranking of the risk's likelihood and impact, each enterprise risk has a corresponding risk level. The basis for setting priorities and taking action is the level of risk.

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Imothy is associated with the christian coalition. he believes in the importance of family values and opposes abortion and homosexuality. timothy is most likely a:_________

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Imothy is associated with the christian coalition. he believes in the importance of family values and opposes abortion and homosexuality. timothy is most likely a: "social conservative"

What is Homosexuality?
Romantic interest, sexual attraction, or sexual conduct between people of the same sex or gender is referred to as homosexuality. The definition of homosexuality as a sexual orientation is "an lasting pattern of emotional, romantic, and/or sexual attractions" to individuals of the same sex. Along with such attractions, it "also refers to a person's sense of identity based on those behaviors and membership in a group of people who share similar interests," according to research.

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The degree of a relationship is the number of attributes that are associated with it.
a. true
b. false

Answers

The statement that the degree of a relationship is the number of attributes that are associated with it is FALSE.

What is the degree of a relationship?

The degree of a relationship is a measure of how many occurrences in one entity that are considered linked to the amount of occurrences in another entity.

The degree of a relation is the number of attributes that are associated with the entity and not the degree of a relationship.

In conclusion, this statement is false.

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Now suppose that home has the opportunity to trade with foreign at an international price of corn equal to a ton of wheat per ton of corn. in which product will home find its comparative advantage?

Answers

A situation when a person, company, or nation can create a good or service at a lower opportunity cost than another producer is referred to as having a comparative advantage.

For instance, Canada can manufacture maple syrup at a very low opportunity cost compared to avocados, a crop for which its climate is less suitable, since it has an abundance of maple trees. Mexico, on the other hand, is known for its warm weather and abundance of sunshine. can produce avocados in comparison to Canada at a significantly lower opportunity cost in terms of maple syrup sacrificed.

The parameters of trade for exchange under which mutually beneficial commerce can occur are determined by comparative advantage and opportunity costs.

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How is the operations management function related to activities in human resources, information systems, and accounting?

Answers

links the operations management function with the financial, information systems, and human resources divisions.

Operations management (OM) and human resources management (HRM) have traditionally been very different fields. The main areas of communication between operations managers and human resource managers are, in fact, administrative issues with payroll and other challenges. In academia, several research communities on the two subjects, mostly from various disciplinary backgrounds, disseminate their findings in various collections of papers. However, operations and human resources are inextricably linked at a fundamental level. Human resource operations including pay, training, staffing, and communications frequently have an explanation or a way to restrict their effects. Variations or abnormalities would normally be interpreted by conventional procedures as randomness or error variance;

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Issuance of common stock for cash affects which basic element of financial statements?

Answers

This entry influences property as properly as stockholders' equity.

When you trouble inventory for cash, you extend both shareholders' equity and cash.

The stock issuance is recorded in shareholders' equity as extra paid-in capital, in accordance to Bob Steele CPA.

What is issuance of frequent inventory on economic statement?

Common stocks are shares issued with the aid of a enterprise to raise cash instead of selling debt or issuing desired stock.

Common shares are in reality everyday shares.

When the business enterprise troubles common inventory for the first time, they do so with the aid of an preliminary public offering or an IPO.

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Other Questions
The emergent model of clinical expertise discusses the importance of acquiring several types of knowledge including:_____. 9. The surface of the Moon is covered in craters, mountains, andplains from ancient volcanoes,in Space The department of transportation (dot) defines hazardous materials (hazmat) as any substance in any form or quantity that poses an unreasonable risk to _______, _______, and property when transported. A useful way of standardizing financial statements is to choose a _______ year and then express each item relative to that amount. 5. Please help and show work Which colonial region often used town meetings as a form of local government? Question 10 options:New EnglandMiddle ColoniesSouthern Coloniesall of these At a ph ph of 7.25 , 7.25, the ratio of protonated glu molecules to deprotonated glutamate molecules is:_________ Find the area under the standard normal curve to the right of z=0.49. round your answer to four decimal places, if necessary. The balanced scorecard provides top managers with a ________ view of the business. Which account represents the cumulative earnings of the firm since the firm started, minus dividends paid? a. accumulated depreciation b. paid-in capital c. retained earnings d. common stock two things that South African communities could do in taking Advantage of the above mechanism __________ was a major contributor to continental trade growth between the united states, mexico, and canada because it eased quotas, tariffs, and customs procedures. Identify the letter that indicates a flexible tube that has c-shaped cartilaginous rings that keep it from collapsing. An unknown distribution has a mean of 80 and a standard deviation of 12. A sample size of 95 is drawn randomly from the population.Find the probability that the sum of the 95 values is less than 7,450. (Round your answer to 4 decimal places) The _____ has the broadest powers of an agency to influence marketing activities. Give 2 examples of physiological processes regulated primarily by the endocrine system and list hormone(s) that control each of those processes. what is the diameter of a 5.23 cubic yard ball A certain sample of the mineral galena (lead sulfide) weighs 12.4 g and has a volume of 1.64 cm3 . what is the density of galena? Which detail best supports the purpose of persuading the audience that their freedom is connected to their generosity? "we make friends by doing good to others, not by receiving good from them." "this makes our friendship all the more reliable, since we want to keep alive the gratitude of those who are in our debt by showing continued good-will to them." "again, in questions of general good feeling there is a great contrast between us and most other people." "when we do kindnesses to others, we do not do them out of any calculations of profit or loss: we do them without afterthought, relying on our free liberality." Which herb should the nurse expect to be used by the patient who reports using herbs to obtain an erection?