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My World 5th grade Chapter 11
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Terms in this set (18)
Someone who buys or uses goods and services.
consumer
A communications system invented by Samuel Morse that uses coded bursts of electricity to send messages over long distances.
telegraph
A person who risks money in a business, hoping to earn a profit.
investor
The money a business earns after all its expenses are paid.
profit
The growth or spreading of cities.
urbanization
Describes an economy in which people are free to start their own businesses or to do whatever work they want.
free enterprise
Someone who takes a risk to start a business.
entrepreneur
A large business owned by investors.
corporation
A financial share of ownership of a company.
stock
A factory system in which a product is put together as it moves past a line of workers, each of whom does one part of the whole job.
assembly line
A type of factory that turns oil into different products, such as gasoline.
refinery
A company that has control of an entire industry.
monopoly
Variety within a group.
diversity
Unfair, negative opinions about a group of people.
prejudice
Unjust treatment of a person or group by a government.
oppression
A building that has been divided into many small apartments.
tenement
A group of workers, usually in the same type of job, who have united to demand better wages and working conditions.
labor union
Term to describe the United States as a place where Europeans could "melt" old ideas and prejudices and be molded into a new people called Americans.
melting pot
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Verified questions
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Find the tax rate for the following. Write the tax rate as a percent, rounded to the nearest tenth of a percent. (See the Example discussed before.) $$ \begin{array}{} \begin{array}{}\text{Total Tax}\\\text{Amount Needed}\end{array}& \begin{array}{}\text{Total Assesed}\\\text{Value}\end{array}& \begin{array}{}\text{Tax}\\\text{Rate}\end{array}\\ \$1,224,000 &\$40,800,000 & \underline{\qquad\quad} \end{array} $$
algebra
A business van costs $21,000. Using the MACRS table, find the depreciation for the first year. What is its book value at the end of the first year?
finance
PostNews.com offers its subscribers several services, such as an annotated TV guide and local-area information on weather, restaurants, and movie theaters. Its main revenue sources are fees for banner advertisements and fees from subscribers. Recent data are as follows: The following decisions were made from June through October 2017: a. June 2017: Raised subscription fee to $25.50 per month from July 2017 onward. The budgeted number of subscribers for this monthly fee is shown in the following table. b. June 2017: Informed existing subscribers that from July onward, monthly fee would be$25.50. c. July 2017: Offered email service to subscribers and upgraded other online services. d. October 2017: Dismissed the vice president of marketing after significant slowdown in subscribers and subscription revenues, based on July through September 2017 data in the following table. e. October 2017: Reduced subscription fee to $22.50 per month from November 2017 onward. Results for July–September 2017 are as follows: 1. Classify each of the decisions (a–e) as a planning or a control decision. 2. Give two examples of other planning decisions and two examples of other control decisions that may be made at PostNews.com.$ $$ \begin{matrix} \text{Month/Year} & \text{Advertising Revenues} & \text{Actual Number of Subscribers} & \text{Monthly Fee per Subscriber}\\ \text{June 2015} & \text{\$415.972} & \text{29.745} & \text{\$15.5}\\ \text{December 2015} & \text{867.246} & \text{55.223} & \text{20.50}\\ \text{June 2016} & \text{892.134} & \text{59.641} & \text{20.50}\\ \text{December 2016} & \text{1.517.950} & \text{87.674} & \text{20.50}\\ \text{June 2017} & \text{2.976.538} & \text{147.921} & \text{20.50}\\ \end{matrix} $$ $$ \begin{matrix} \text{Month/Year} & \text{Budgeted Number of Subscribers} & \text{Actual Number of Subscribers} & \text{Monthly Fee per Subscriber}\\ \text{July 2017} & \text{145.000} & \text{129.250} & \text{\$ 25.50}\\ \text{August 2017} & \text{155.000} & \text{142.726} & \text{25.50}\\ \text{September 2017} & \text{165.000} & \text{145.643} & \text{25.50}\\ \end{matrix} $$ $
finance
Governmental accounting gives substantial recognition to budgets, which are being recorded in the governmental unit's accounts. \ **Required** What is the purpose of a governmental accounting system, and why is the budget recorded in the accounts of a governmental unit? Include in your discussion the purpose and significance of appropriations.