The link between a company's assets, liabilities, and capital is known as the accounting equation. The accounting equation, one of the most important equations in accounting..
What is meant by accounting equation?The accounting equation states that a corporation's total assets are equal to the total of its liabilities & shareholders' equity. The fundamental tenet of the dual-entry accounting system is that there is a distinct relationship between equity, liabilities, and assets.
a
Assets, Dec 31 20Y8 $518,000
Liabilities, Dec 31 20Y8 ($165,000)
Owner's equity, Dec 31 20Y8 $353,000
b
Owner's equity, Dec 31 20Y8 $353,000
Increase in equity [$86200-$25000] $61,200
Owner's equity, Dec 31 20Y9 $414,200
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Which of the following refers to how the value of one country's currency changes in relation to the value of other currencies?
A country with a consistently lower inflation rate typically has a rising currency value demand as its purchasing power grows in other currencies. option (a) is correct.
Supply and demand play a critical part in how the economy's capabilities overall. It alludes to the inescapable conviction that rising the inventory of a specific ware will make it more straightforward for the worth of a couple to stay stable. In the interim, the interest or want that individuals have for it can assist with helping the pair's worth. Sooner or later, the bank might see that the worth of one cash is very good.
This makes individuals spend additional cash from solitary money. This, thus, raises the stockpile. The interest for the other money in a couple will be more noteworthy.
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This question is not complete , Here I am attaching the complete question:
Which of the following refers to how the value of one country's currency changes in relation to the value of other currencies?
(A) inflation rate
(B) interest rate
(C) currency
(D) inescapable
Under U.S. law, it is illegal for a U.S. firm operating in a foreign country to pay bribes to get what it needs. Natives of some of those same countries consider the payment of bribes to be perfectly acceoptable. Which of the following influences may account for this difference? O Value systems O Family influences O Peer influences O Cultural differences O All of the choices are correct.
Value systems, family influences, peer influences, and cultural differences all influence how people view the payment of bribes. All of the choices are correct.
In some countries, the payment of bribes may be seen as a way to get things done more quickly or to get around legal regulations. In the United States, however, the payment of bribes is illegal and seen as a form of corruption.
Family influences can shape an individual's view of bribery, as a person may be taught that bribes are wrong and should be avoided. Peer influences can also shape an individual's view of bribery, as someone may be more likely to accept bribery if their peers are doing it. Finally, cultural differences can affect an individual's view of bribery, as different cultures have different norms and expectations about the payment of bribes.Learn more about payment of bribes at: https://brainly.com/question/16107890
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When the federal government started requiring restaurants to print calorie counts next to menu items, some people increased their consumption of higher-calorie items. Which of the following best explains this phenomenon?
Multiple Choice
A. Consumers at restaurants are systematically irrational.
B. Consumers are more interested in maximizing calories per dollar than health per dollar.
C. Restaurants lowered the prices of healthier items, signaling to consumers that they are less appealing.
D. Restaurants cut portion sizes on all items to reduce calorie counts.
The best explanation for this phenomenon is that consumers are more interested in maximizing calories per dollar than health per dollar. The correct answer is B.
People tend to make choices based on the value they perceive they are getting for their money. In this case, consumers may view high-calorie items as providing a better value for their money, regardless of the health impact of those items.
Additionally, some people may not fully understand the health implications of high calorie consumption and instead prioritize taste and value. The requirement to print calorie counts may have drawn attention to these factors and influenced consumers to make choices that prioritize taste and value over health.
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Normal entries for accounts During the month. Gates Labs Co. has a substantial number of transactions affecting each of the following accounts. State for each account whether it is likely to have (a) debit entries only, (b) credit entries only, or (c) both debit and credit entries. Accounts Payable Accounts Receivable Cash Fees Earned Insurance Expense Miriam Ramsey, Drawing Utilities Expense
Accounts Payable is likely to have credit entries only. Accounts Payable is used to record the company's liabilities to suppliers for goods or services that have been received but not yet paid for.
Accounts Receivable: This account is likely to have debit entries only. Accounts Receivable is used to record amounts that are owed to the company by its customers. Cash: This account is likely to have both debit and credit entries. Cash is used to record all transactions involving the company's cash balance.
Fees Earned: This account is likely to have credit entries only. Fees Earned are used to record revenue from services provided by the company. Insurance Expense: This account is likely to have debit entries only. Insurance Expense is used to record the cost of insurance premiums paid by the company.
Miriam Ramsey, Drawing: This account is likely to have debit entries only. The Miriam Ramsey, Drawing account is used to record amounts taken out of the business by an owner for personal use. Utility Expense: This account is likely to have debit entries only. Utilities Expense is used to record the cost of utilities such as electricity, gas, and water used by the company.
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which of the following likely caused demand to decrease for crude oil during the last recession? A. the price of oil substitutes decreased. B. the population decreased.C. the price of oil complements increased.D. consumer incomes decrease.
The following options that likely caused demand to decrease for crude oil during the last recession is C. the price of oil complements increased. It is because if the product is more expensive relative to other goods and the income effect is the decrease in quantity demanded.
In the term of business and financial economic, the substitution effect generally can be defined as one component of the effect of a change in the price of a good. The substitution effect is upon the amount of that good demanded by a consumer, the other being the income effect. One of the examples of substitutions effect is that if the yogurt prices rise and consumers respond by purchasing more milk.
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Why is Taking steps to protect your online reputation important?
which of the following has the greatest impact on how a person understands and acts in an organization?
The most significant influence on how someone perceives and behaves in an organization comes from how they employ expectations and beliefs to selectively filter sensory data.
Which behaviors are influenced by perception?How we see the people around us is influenced by our values, emotions, moods, and personalities, among other factors. Additionally, how we act will affect how the person we are engaging with behaves because it is influenced by how we see others. One of the things that skews our perspective is stereotyping.
What does selective perception have to do with organizational behavior?Selective perception occurs when a person only takes in the information they want to and ignores opposing viewpoints. It is an all-encompassing term to express how each person has a propensity to "see things" through the prism of their own particular frame of reference.
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what is the example of general-merchandise wholesalers?
Answer:
Examples of general-merchandise wholesalers include stores that sell a wide variety of products such as clothing, electronics, furniture, appliances, toys, and tools. These stores usually purchase goods in bulk from manufacturers and then resell them to retailers at a higher cost.
Deflation refers to a period of falling average prices across an economy, which is a sign of economic trouble that goes hand-in-hand with very high unemployment. true or false
Deflation is defined as a period of starting to fall average cost throughout a financial system, that is indicator of economic difficulties and often occurs in conjunction with extremely high joblessness. This assertion is correct.
One disadvantage of communist rule, which again was embraced from some regions of the world in the 1900s, was indeed the incapability of individuals to reach basic decisions including where to collaborate or what they should buy.
Natural monopolies are free movement of goods in which one company supplies a commodity since this nature of such a good or service makes a single seller more effective than numerous different competing alternatives.
If the Fed lowers the margin requirements, a greater number of grants available.
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Assume a coundry prodrice apple and mango with inputs of labor.
The country has 1,000 hours of
Labor available. An apple requires
0.5 hour of labor. While a mango
requires 5 hours of labor.
Construct the country production-
possibility frontier. Use this
PPF to explain the concept
of production efficiency.
The Production Possibility Frontier (PPF) for the given situation can be represented as follows:
Apples (units) | 0 | 200 | 400 | 600 | 800 | 1000
Mangoes (units) | 1000 | 800 | 600 | 400 | 200 | 0
What is Production Possibility Frontier ?Generally, The PPF illustrates the maximum amount of apples and mangoes that can be produced when the given amount of labor (1000 hours) is used efficiently. It also implies that any combination of apples and mangoes that lie outside of the PPF (e.g. 1200 apples and 500 mangoes) is not achievable given the limited amount of labor.
The concept of production efficiency is illustrated by the PPF. To achieve production efficiency, the country should produce goods at the maximum level possible given the resources available. That is, the country should produce the combination of goods that lies on the PPF. This would be the most efficient use of the country's available labor and would result in the maximum level of production.
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which of the following statements describe a situation in which marketer-induced problem recognition was used? A.Shopaholic, a clothing and accessories brand, sends newsletters to all its customers at the end ofeach summer, stating that their existing wardrobe might be out of style. B.Ken purchases a cable to connect the DVD player to his TV after purchasing the DVD player. C.Casey purchased Hair Care shampoo but switched to Rejuvenate shampoo when he found that theshampoo contained extensive chemicals. D.Upgraded, an electronics store, recently sold goods at discounted prices to people who registeredthemselves on the company's website.E.Patrick hurt his toe while jogging and realized that his sports shoes were torn. He went to the storeto purchase a new pair of shoes.
The relevant internal psychological system that is related with hassle focus is motivation. A motive is a component that compels action. Belch and Belch (2007) supply an explanation of motivation based totally on Maslow's hierarchy of wants and Freud's psychoanalytic theory.
What is the subsequent step in client decision-making after trouble recognition?The 5 steps are hassle recognition, data search, choices evaluation, purchase selection and post-purchase evaluation.
For instance a patron can also see a friend's new vehicle (perceptual stimulus) and compare it to his own extraordinary ancient model (evoked referent) if the new automobile is perceived to be extensively better than is historical one, the problem awareness would be predicted to occur.
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2009 2009 2010 2010
Quantity Price Quantity Price
Cars 10 $2000 12 $3000
Computers 4 $1000 6 $500
Oranges 1000 $1 1000 $1
a. What is the nominal GDP in 2009 and in 2010? By what percentage does nominal GDP change from 2009 to 2010?
The nominal GDP increased by 60% from 2009 to 2010. The nominal GDP in 2009 can be calculated by multiplying the quantity of each good produced by its respective price and adding the results for each good.
For cars, the value in 2009 would be
10 * $2000 = $20,000
For computers, the value would be
4 * $1000 = $4,000
For oranges, the value would be
1000 * $1 = $1,000
Adding up the values for each good, the nominal GDP in 2009 would be $20,000 + $4,000 + $1,000 = $25,000.
The nominal GDP in 2010 can be calculated in the same manner.
For cars, the value in 2010 would be
12 * $3000 = $36,000
For computers, the value would be
6 * $500 = $3,000
The value of oranges would remain the same, at $1,000.
Adding up the values for each good, the nominal GDP in 2010 would be $36,000 + $3,000 + $1,000 = $40,000.
The percentage change in nominal GDP from 2009 to 2010 can be calculated by taking the difference between the two values and dividing by the value in 2009, multiplied by 100.
The change would be
($40,000 - $25,000) / $25,000 * 100 = 60%
So, nominal GDP increased by 60% from 2009 to 2010.
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suppose product y is an input in the production of product z. product z in turn is a substitute for product x. a decrease in the price of y can be expected to
Result in a decrease in the price of product Z and potentially also a decrease in the price of product X.
When the price of product Y decreases, the cost of producing product Z will also decrease. As a result, the price of product Z may decrease, making it a more attractive substitute for product X. If the demand for product X is elastic, meaning that changes in price have a significant impact on demand, a decrease in the price of Z may result in an increase in demand for Z, and potentially a decrease in demand for X. This competition between X and Z could result in a decrease in the price of X.
It is important to note that the relationship between the price of Y and the prices of X and Z will depend on many factors, such as the market structure, the degree of competition, and the degree of substitutability between X and Z. However, in general, a decrease in the price of Y can be expected to result in a decrease in the price of Z, which could potentially lead to a decrease in the price of X as well.
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susie has opted out of opening an escrow account with her mortgage lender, which means she has a lower monthly payment. she still needs to save up, though, to make sure she can pay for taxes and .
She still needs to save up, though, to make sure she can pay for taxes and insurance. Sales slips, paid bills, invoices, receipts, deposit slips, and cancelled cheques are examples of supporting documentation.
You can find the data you need to record in your books in these documents. These records should be preserved because they provide evidence for the entries made in your books and on your tax return. Salary professionals and employees must present investment proofs annually so that their company Sales can deduct the proper amount of TDS (Tax Deducted at Source). In India, employers are obligated to deduct TDS annually.
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Does underemployment only refer to part time work or could is also pertain to full time work? Explain.
If a worker only works part-time rather than full-time, they may be deemed underemployed. It can also happen when a worker holds a lower-level job despite being competent for a more senior position in their industry.
What is meant by underemployment?People who are capable and wanting to work but are unable to find job are said to be unemployed.
Contrarily, underemployment refers to a scenario in which an individual is performing far below his capacity.
A part-time employee who is underemployed is someone in the age range of 15 to 74 who has the desire and ability to work more hours. Individuals disclose their own self-reported part-time employment.
Therefore, if a worker only works part-time rather than full-time, they may be deemed underemployed. It can also happen when a worker holds a lower-level job despite being competent for a more senior position in their industry.
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tantiva
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Current Attempt in Progress
The following items and amounts were taken from Metlock, Inc's 2022 income statement and balance sheet, the end of its first year of
operations.
Interest expense
Interest payable
Notes payable
Sales revenue
Cash
Salaries and wages expense
Equipment, net
Depreciation expense
Supplies
Common stock
Supplies expense
$2,112
672
11,328
42,528
2,784
14,976
52,512
3,072
3,936
25,728
864
The identification of the items as assets, liabilities, revenue and stockholder's equity include:
Interest expense - Expense Interest payable - Liability Notes payable - Liability Sales revenue - Revenue Cash - Asset Salaries and wages expense - Expense Equipment, net - Asset Depreciation expense - Expense Supplies - Asset Common stock - Stockholders Equity Supplies expense - Expense What are types of items in accounting ?There are several types of items in accounting to allow for the books to be kept better. We have assets such as cash and equipment and liabilities such as interest payable and notes payable.
We also have equity such as common stock, and we have revenue and expenses.
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The question is:
In each case, identify the type of item.
one of the reasons the corporation was valued above other forms of business ownership was that. Large amount of capital could be raised by selling stock in the corporation
The legitimacy of a company is increased by structuring it as a corporation. Dealing with a company may make consumers, suppliers, and lenders feel more at ease. Additionally, corporations make businesses appear more professional than alternative business structures.
Being a corporation has a number of benefits, such as less personal liability, simple ownership consumers, business continuity, greater access to capital, and (depending on the corporate form) sporadic tax benefits. According to Aliya Ramji, it has "the major benefit of reducing the personal accountability of its directors towards the company's creditors." For instance, a corporation's shareholders are not responsible for its debts.
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Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics.
The optimal interest rate for the Federal Reserve to target
A firm's decision about the size of its new factory
The effect of federal government spending on the national unemployment rate
1. The optimal interest rate for the Federal Reserve to target: macroeconomics
This is studied under macroeconomics as this is likely to affect a large chunk of society as the interest rates can influence the entire economics of the country.
2. A firm's decision about the size of its new factory: microeconomics
This is studied under microeconomics as this is related to a firm's behavior in decision-making which is generally studied under microeconomics topic.
3. The effect of a large government budget deficit on the economy's price level: macroeconomics.
This is because government spending/budget is studied in macroeconomics as it's concerned with large-scale and general economic factors such as interest rate, GDP, and national productivity.
Unemployment, according to the OECD (Organization for monetary Co-operation and development), is human beings above a specified age (generally 15)not being in paid employment or self-employment however presently available for painting at some point of the reference length.
Unemployment is measured by means of the unemployment fee, that is the range of individuals who are unemployed as a percentage of the labor force (the overall range of human beings hired delivered to the ones unemployed). Unemployment and the status of the financial system can be inspired by means of a country via, for instance, fiscal coverage. furthermore, the monetary authority of a country, which includes the primary financial institution, can affect the availability and price of cash thru its monetary coverage.
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True/Falsewhen a company overstates its earnings via the use of top-side adjustments, the general ledger balances do not reflect the amounts shown in the financial statements.
Answer:
False
Explanation:
It seems to be false
An effective operations management effort must have a ___ so it knows where it's going and a ____ so it knows how to get there
Effective operations management requires a mission to know where you are going and a strategy to know how to get there.
The operations management team seeks to balance costs and revenues in order to achieve the highest possible net operating profit.
Operations management is concerned with converting materials and labor into goods and services as efficiently as possible.
Corporate operations management professionals seek to balance costs and revenues in order to maximize net operating income.
Operations management includes the use of resources from people, materials, equipment, and technology. Operations managers acquire, develop, and deliver products to customers based on customer needs and company capabilities.
Operations management deals with a variety of strategic issues, such as determining the size of production facilities, determining project management methods, and building information technology networks.
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What is the value of a bond with a coupon rate of 6%, a par value of $1,000, maturing in 9 years, making semi-annual payments, if the appropriate discount rate is 8% per year?
The appropriate discount rate is 8% per year, the value of the bond would be lower than its par value of $1,000.
The value of a bond with a coupon rate of 6%, a par value of $1,000, maturing in 9 years, and making semi-annual payments, can be calculated using the present value formula. The present value of a bond is the sum of the present values of all future cash flows from the bond, discounted at the appropriate discount rate.
In this case, the semi-annual coupon payment is $30, which is 6% of the par value ($1,000 x 6% = $60, divided by 2 = $30). The present value of each coupon payment can be calculated as follows: $30 / (1 + 0.08/2)^(2n), where n is the number of semi-annual periods.
The present value of the final coupon payment in the 9th year can be calculated as $30 / (1 + 0.08/2)^(18), and the present value of the face value can be calculated as $1,000 / (1 + 0.08/2)^(18).
The sum of the present values of all coupon payments and the face value is the value of the bond.
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OPEC was in the 1970's
The 1991 dissolution of the Soviet Union and the 2020 COVID-19 outbreak are both examples of which of the following types of events?
Options: 1. Black Swan. 2. Base of Pyramid. 3. Just-in-time. 4. Just-in-case
The dissolution of the Soviet Union in 1991 and the outbreak of Covid-19 in 2020 are both examples of Black Swan-type events. Here option 1 is the correct answer.
The most noteworthy instance of a black swan event prior to the COVID-19 outbreak was the Global Financial Crisis of 2008, which was brought on by the abrupt, catastrophic collapse of what had previously been a flourishing property market.
The development of the internet and the personal computer, the September 11 attacks, and World War I are examples of classic black swan occurrences. However, many other occurrences, like plagues, floods, and droughts, are either unlikely or unforeseen.
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under accrual basis accounting, if the balances in both accounts receivable and accounts payable increase during the year
This would indicate that the company has sold more goods and services than it has purchased.
The increase in Accounts Receivable is due to the increase in sales, and the increase in Accounts Payable shows that the company has incurred more expenses than it has been paid for. This could indicate that the company is growing and doing well.The transaction is recorded using the accrual accounting technique as a cost on the income statement and a liability for accounts payable on the balance sheet. When the expense is paid, the asset utilised to cover the obligation and the account payable liability account both go down. The most frequent ones include accounts receivable, accounts payable, future tax liabilities, future interest expenses, and goodwill. Although all accruals fall under the category of accounts payable, not all accruals fall under this category. An example of a specific accrual type is accounts payable.
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When a worker is forced to resign because the employer is making it impossible to perform his/her job this is ____.
a. Retaliatory Discharge
b. Wrongful Discharge
c. Constructive Discharge
d. None of these
When a worker is forced to resign because the employer is making it impossible to perform his/her job this is Constructive Discharge. Option C.
In general, the term "constructive discharge" refers to situations in which it may be determined that a worker's retirement or resignation was not voluntary because the employer forced them to do so by fostering a hostile or intolerable work environment or by using other forms of pressure or coercion.
This frequently occurs when an employer modifies the terms and conditions of an employee's employment in a material and adverse manner. State laws, which differ from state to state, often specify what constitutes a constructive discharge.
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Selection is the process of gathering information & deciding who should be hired to meet company staffing needs, under ______ guidelines.
Selection is the process of gathering information and deciding who should be hired to meet company staffing needs, under Equal Employment Opportunity (EEO) guidelines.
Selection is the process of gathering information and evaluating candidates to determine who should be hired to fill an open position within a company. The selection process must adhere to Equal Employment Opportunity (EEO) guidelines, which prohibit discrimination on the basis of race, color, religion, sex, national origin, age, or disability.
The selection process typically involves several steps, including reviewing resumes, conducting interviews, and evaluating references, to ensure that the best candidate is chosen to meet the company's staffing needs.
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does the percentage change in prrices between years change when the base year is changed rom year 1 to year 2
No, only the base is changed, the relative price changes are the same.
When the base year is shifted from year 1 to year 2, the absolute prices of goods and services change, but the changes in relative prices remain the same.
For example, if an asset costs $100 in year 1 and $200 in year 2,the percentage change from year 1 to year 2 is 100%. If the base year is changed from year 1 to year 2, the price of the asset in year 2 is $100 and the percentage change from year 1 to year 2 is still 100%.
In general, when the base year changes from year 1 to year 2, the percentage price change does not change between years. The absolute prices of goods and services can change, but the relative price changes remain same.
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Amazon built a distribution facility in Robbinsville, New Jersey. It is immediately off the exit of a major road. This is an example of a(n) ______ resource. a. physical b. financial c. technological d. organizational
Amazon built a distribution facility in Robbinsville, New Jersey. It is immediately off the exit of a major road. This is an example of a PHYSICAL
resource.
Match each investment classification with the proper accounting method. Accounting methods may be used more than once.1. Short-term held-to-maturity (HTM) debt securities : ___2. Long-term held-to-maturity (HTM) debt securities : ___3. Long-term held-to-maturity (HTM) debt securities : ___4. Trading debt securities : ___5. Equity securities with insignificant influence (both short-term and long-term) : ___6. Equity securities with significant influence : ___7. Equity securities with controlling influence : ___Answer ChooseConsolidation methodCost (without any discount or premium amortization)Fair (market)value (with adjustment to equity)Cost (with discount or premium amortization)Cost (with discount or premium amortization)value (with adjustment to income)
1) Short-term held-to-maturity (HTM) debt securities : reasonable market value with adjustment to income.
2) Long-term held-to-maturity (HTM) debt securities: Cost with a discount or premium amortization.
3) Long-term held-to-maturity (HTM) debt securities that are available for sale: reasonable market value with adjustment to equity.
4) Fair market value of debt securities traded with adjustment to income.
5) Equity securities with little influence (both short and long term): Cost without any discount or premium amortization
6) Significantly influential equity securities: Equity method
7) Controlling interest in equity securities: Consolidation method
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you are looking for a glossary of terms related to your management problem. you will use which of the following? multiple choice i
a. index b. bibliography c. dictionary d. encyclopedia e. handbook
You will use the handbook. because a handbook is a collection of information compiled in the form of a book that provides knowledge about a specific subject. option (E) is correct.
Though a catalog is a book that comprises the implications of words in sequential request. A reference book is a book or a bunch of books that comprise data about a few themes, for the most part in a sequential way. furthermore, Record is a portrayal of the relative multitude of subjects examined in a book.
A catalog is a bunch of assortments that comprises the names of books, articles, and data about a specific subject.
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