Crowdsourcing tools and question-and-answer sites like Quora allow firms to reach out for expertise beyond their organizations.
<h3>What are crowdsourcing tools?</h3>
The term crowdsourcing is known to be the act of changing or turning to a body of people to get the needed knowledge, as well as goods or services.
Its types includes;
- Crowd Voting
- Crowd Funding
Therefore, Crowdsourcing tools and question-and-answer sites like Quora allow firms to reach out for expertise beyond their organizations.
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Answer:
The Journal entries are as follows:
(i) On March 1,
Prepaid insurance A/c Dr. $24,600
To cash A/c $24,600
(To record the purchase of insurance in advance)
(ii) On December 31,
Insurance expense A/c Dr. $20,500
To Prepaid insurance $20,500
(To record the insurance expense)
Workings:
Insurance expense:
= $2,050 × 10 months (From March 1 to December 31)
= $20,500
Sarah's performance has been influenced by EVALUATION APPREHENSION. Evaluation apprehension refers to the concern that one feels when working in the presence of others which impairs or enhances one's performance. Evaluation apprehension can easily occur especially when one is been rated by panel of judges.
Answer:
The tax on hearing aid is $120 per unit.
Explanation:
The supply curve for hearing aid is a typical upward-sloping straight line, and the demand curve is a typical downward-sloping straight line.
A tax is imposed on each unit of hearing aid.
As a result of the tax, the equilibrium quantity of hearing aids decreases from 10,000 to 9,000.
The deadweight loss of the tax is $60,000.
Deadweight loss =
$60,000 =
$60,000 =
Tax =
Tax = $120