Cloud computing services are paid for based on consumption. The business model is analogous to the utility, the rental car, or the hotel industries, where users don’t own any of the infrastructure (power/cars/rooms) and pay only for the services they consume on a monthly basis. Similar to the examples mentioned, cloud computing resources are available on-demand. That’s my three sentence synopsis of the business concept behind cloud computing, but I also see it as a technical change in the way IT resources are delivered and consumed.
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This welfare-reform plan responded to criticisms that welfare encouraged poor people to remain unemployed in order to keep receiving aid. It replaced the traditional antipoverty program for poor families (Aid to Families with Dependent Children, or AFDC) with a new program called Temporary Assistance for Needy Families (TANF).
Answer:
A.
Explanation:
The accounting cycle is the name given to the collective process of recording and processing the accounting events of a company. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements.
Upon the posting of adjusting entries, a company prepares an adjusted trail balance followed by the financial statements. An entity closes temporary accounts (revenues and expenses) at the end of the period using closing entries. These closing entries transfer net income into retained earnings. Finally, a company prepares the post-closing trial balance to ensure debits and credits match.
Steps:
-Journal
-Ledger
-Trail Balance
-Adjustment Entries
-Trading Account
-Profit or loss account
-Final accounts
-Post closing Trail Balance
Answer:
d. $200.
Explanation:
Note the purchase price is $10,000 while $2,000 was the down payment, the car purchase was financed with $8,000 in loan.
The monthly payment based on a 9% annual percentage rate can be determined using a financial calculator as shown below, bearing in mind that the calculator would be set to its default end mode before making the following inputs:
N=48(number of monthly payments for 4 years that the loan would last)
I/Y=9/12(monthly interest rate which is 9%/12)
PV=-8000(the loan amount)
FV=0(the loan balance after all monthly payments would be zero)
CPT
PMT=$199.08(closest $200)
The correct answer is Free trade.
Free trade refers to a situation in which a government does not restrict what its citizens can buy from or sell to another country.
<h3>What is Free Trade? </h3>
- It refers to the absence of any government policies and barriers over the import and export of goods.
- It helps in maintaining a healthy global economy and enables countries to form better relations.
- A free trade also has no tax over it.
- Free trade helps in exchange of products and therefore increasing the consumer choice in the market.
- It encourages the foreign investment and provides companies a chance to expand their work area.
To learn more about trade barriers visit:
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