marlene and blossom both work as artists. marlene can produce 3 small sculptures each day or 15 paintings. blossom can produce 2 sculptures or 6 paintings each day. what is the opportunity cost of sculpting for marlene?
5 is the opportunity cost of sculpting for marlene .
What does the term "opportunity cost" mean?
The word "opportunity cost" describes what you have to forgo in terms of other goods or services in order to purchase what you desire. Typically, opportunity cost is what economists mean when they use the word "cost." Using the word "cost" in everyday discourse or the news is prevalent.
What are some examples of opportunity cost?
An illustration of opportunity cost Someone decides without watching a movie in order to study for an exam and earn a good mark. The cost of the movie and the pleasure of watching it together make up the opportunity cost.
the opportunity cost = 15/3 = 5
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Yes, Stefan and Mikhail each have a comparative edge in terms of sculptures and paintings, respectively.
Both Mikhail and Stefan are skilled painters who can produce new paintings or sculptures every day. Their daily maximum outputs are shown in the table below.
What is the opportunity cost of a sculpture to Angelo?For each picture that Angelo creates, he loses the opportunity to make three sculptures. He can create six sculptures if he spends all of his time working on them. He can create two paintings if he dedicates his entire book to doing so. The proportion 6:2 is equivalent to 3:1.
Do painters earn a living?Selling premium prints or replicas of their work is a viable source of income for painters, illustrators, designers, graphic artists, and even sculptors. You may create stunning posters using one of two methods: Use expert photography or scanning to convert your artwork to digital format.
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The account used to summarize the owner’s equity in the business is called:______
Answer:
The correct answer is Capital.
kayla wanted to open her own dress design business. she spent a few hours putting together a marketing plan, then selected an award-winning dress she designed and wore it to the meeting with the bank. the most likely reason she did not receive a loan was
The most likely reason she did not receive a loan was because she did not have a sufficient business plan or financial projections to demonstrate the viability of her business.
What is loan?A loan is a sum of money borrowed from a lender for a specified period of time. It is usually repaid in instalments with interest over the loan period. The borrower is responsible for repaying the loan in full by the agreed upon date, and a late payment can incur additional fees. Loans are commonly used to purchase cars, homes, educational expenses, and other large purchases. Loans can also be used to consolidate debt and provide financial security. Loans are typically given based on the borrower’s credit score and financial history, and the lender may require collateral in the form of assets or property, depending on the type of loan.
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Small businesses are required by the Small Business Administration to market hand goods only.
True
False
False. Every small business must register with the secretary.
the money move that has people ditching their bank accounts is called ?
Money is taken out of your bank account when it is debited. A credit is the reverse of a debit because it results in the addition of funds to your account.
What is money?Any tangible object or verifiable record that is commonly accepted as payment for products and services as well as the repayment of debts, such as taxes, in a specific nation or socioeconomic setting is referred to as money.
Money serves as a medium of commerce, a unit of account, a store of value, and occasionally a standard of postponed payment. These are its four main purposes.
Since practically all modern monetary systems are based on unbacked fiat money with no intrinsic value as a commodity, money was historically an emerging market phenomena.
Since money has been deemed legal currency by a government or regulatory body and is therefore required to be accepted as payment within the bounds of the nation, its value is derived by social convention.
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when revenue and expense items are arranged to highlight important profit relationships, the resulting income statement format is called a -
When revenue and expense items are arranged to highlight important profit relationships, the resulting income statement format is called a common-size income statement.
A common-size income statement is a financial statement that presents all revenue and expense items as a percentage of total sales. This allows for easier comparison of the different components of an income statement, as well as providing insight into the profitability of the business.
For example, it would be easier to see if the cost of goods sold as a percentage of sales is increasing or decreasing over time, or if the marketing and advertising expenses are becoming a larger percentage of sales.
By presenting the financial data in this way, the common-size income statement provides a more in-depth understanding of the business's financial performance and allows for easier analysis of trends over time.
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When a lender includes conditions in a loan agreement to protect its loan, these are knownas:A.loan agreements.B.loan covenants.C.loan terms.D.loan actions.
When a lender provides a loan to a borrower, To protect their loan, lenders often include certain conditions that are known as loan covenants.
Loan covenants are legally binding clauses in a loan agreement that outline the terms and conditions of the loan. These covenants protect the lender's investment by setting guidelines that the borrower must follow.
The covenants may relate to the borrower's financial condition, their ability to repay the loan, or the use of the loan proceeds. The lender may also require the borrower to provide regular financial statements or to maintain a certain level of collateral or insurance coverage.
Loan covenants can be either affirmative or negative. Affirmative covenants require the borrower to take certain actions, such as maintaining a certain level of insurance coverage, making payments on time, or providing regular financial statements.
In summary, the correct answer to your question is B. loan covenants. Loan covenants are the conditions that a lender includes in a loan agreement to protect its loan by setting guidelines that the borrower must follow.
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which section can a form not contain
A form itself does not hold any records or data. It merely serves as an interface to a query or table below. A(n) Query control is a control that shows data from a table or query.
What are the three forms kinds that Access uses?Form of detail: One record at a time information is displayed on a blank Access form. Divided form: displays the data in both the Datasheet view and the Form view simultaneously.
What does Access utilize forms for?In Access, a form is a database object that you may use to build a database application's user interface. A "bound" form is one that may be used to enter data and is directly linked to a data source, such as a database or query.
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Question:
Which section can a form not contain in Access?
if the economy is expanding beyond its long-run capabilities, we know that: _________
The correct answer is option c. economic growth will become unsustainable.
When an economy grows faster than it can maintain in the long run, it has used up all of the resources necessary to sustain that growth.
Demand eventually begins to exceed supply as a result, which results in inflationary pressures and slower production growth.
Businesses may find it difficult to remain profitable when resources become scarce and prices start to rise, which might result in layoffs and a drop in pay. This may cause the economy to go into a negative cycle and experience unmanageable levels of economic growth.
In the end, the economy will have grown faster than it might have, maybe even entering a recession.
Complete Question:
If the economy is expanding beyond its long-run capabilities, we know that: _________
a. inflation will increase and output growth will slow down.
b. unemployment will rise and wages will decrease.
c. economic growth will become unsustainable.
d. economic growth will remain at a steady rate.
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if the usage of project activities is not proportional to the number of units produced, then some managers will be overcharged and others undercharged under:
If the usage of project activities is not proportional to the number of units produced, then some managers will be overcharged and others undercharged under a cost allocation system.
In such a situation, some managers will receive a disproportionate share of the total costs associated with the project activities, while others will receive less than their fair share. This can occur when there is a mismatch between the cost drivers and the activities being measured. For example, if a project involves the use of a machine that is used more frequently by one department than others, that department will be overcharged if the cost allocation system is based on machine usage. Similarly, if a department uses less of a shared resource than another department, it will be undercharged.
To avoid these problems, it's important to ensure that the cost allocation system accurately reflects the usage of project activities and resources by all departments.
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which sections of the uniform contract format would most likely include important provisions related to requirements for and selection of green supplies, or to the specific use of green products during contract performance?
The universal contract format's C (Scope of Work), L (Instructions), and M (Evaluation Factors) sections would probably include significant clauses relating to the necessity for and choice of green sources.
The standardized contract format is defined in which far part?15.204-1 standard format for contracts. (a) Contracting officers must follow Table 15-1 of this subsection's uniform contract format when preparing solicitations and the contracts that emerge from them.
Which four components of a contract are the most crucial?A genuine offer and acceptance, sufficient consideration, capability, and legality are the fundamental components needed for an agreement to constitute a binding contract with legal standing.
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in the direct method, why is depreciation expense not reported in the cash flows from operating activities section?
Depreciation expense is not reported in the cash flows from operating activities section in the direct method because it is a non-cash item.
In the direct method of presenting the cash flows from operating activities, only actual cash inflows and outflows are included. This section reports the cash received from customers, the cash paid to suppliers, the cash paid to employees, and other cash transactions that are directly related to the day-to-day operations of the business. Depreciation, as a non-cash item, does not fit into this category and is therefore excluded from the direct method presentation of the cash flows from operating activities. In contrast, depreciation is included in the indirect method of presenting the cash flows from operating activities, as it is used to adjust net income to arrive at cash generated by operating activities.
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General Mills, Inc. utilizes executives from organizations such as Cigna, Kimberly-Clark, AARP, and Nike asinside directors.trustees.external stakeholders.outside directors.
The correct option is D. General Mills, Inc. utilizes executives from organizations such as Cigna, Kimberly-Clark, AARP, and Nike as outside directors.
A company stakeholder can have an effect on or be tormented by the actions of a business as an entire. while shareholders are often the celebration with the most direct and apparent interest at stake in commercial enterprise choices, they may be one in every of various subsets of stakeholders, as customers and personnel additionally have stakes within the outcome. in the maximum developed feel of stakeholders in phrases of real company obligation, the bearers of externalities are blanketed in stakeholdership.
The principle changed into later developed and championed with the aid of R. Edward Freeman in the Nineteen Eighties. due to the fact then it has won wide recognition in business practice and in theorizing regarding strategic management, company governance, commercial enterprise reason, and corporate social obligation (CSR).
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Complete Question:
General Mills, Inc. utilizes executives from organizations such as Cigna, Kimberly-Clark, AARP, and Nike as
A). inside directors.
B). trustees.
C). external stakeholders.
D). outside directors.
suppose that the average p/e multiple in the gas industry is 17. kmp is expected to have an eps of $5.50 in the coming year. the intrinsic value of kmp stock should be
Suppose that the average P/E multiple in the gas industry is 17. KMP is expected to have an EPS of $5.50 in the coming year. The intrinsic value of KMP stock should be $93.50.
The stock price can be computed as follows:
P/E ratio = Intrinsic value of stock/Earnings
So,
17 = Intrinsic value of stock/5.5
Intrinsic value of stock = 17 × $5.50 = $93.50.
The price-to-earnings ratio is a valuation ratio that compares a company's current share price to its earnings per share (EPS). The price-to-earnings ratio is commonly referred to as the earnings multiple or the price multiple.
Investors and analysts use P/E ratios to evaluate the relative worth of a company's shares inside an apples-to-apples comparison. It may also be used to compare a firm to its own track record, as well as to contrast aggregate markets to one another or over time.
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janice has $5,000 invested in a bank that pays 6.2% annually. how long will it take for her funds to triple?
janice has $5,000 invested in a bank that pays 6.2% annually. It would take a total of 18.26 yrs for her funds to triple.
A fund is a grouping of dollars set aside for a particular objective. A fund can be created for a variety of purposes, such as the development of a new civic centre by the municipal, the awarding of prizes at a college, or indeed the payment of customer claim by an insurance carrier. To produce returns for its investors, funds usually invest and use competent management. Individuals and their families may also employ funds for other purposes such as crisis and education preservation. Pension funds, actions that benefit, foundations, and endowments are a few samples of prominent sorts of funds.
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how was trade conducted before the lydians introduced coins?
Before the Lydians introduced coins, trade was conducted through various methods of barter and exchange. Barter is the exchange of goods or services for other goods or services, without using money.
In the ancient world, people would exchange goods such as food, tools, and textiles with each other. For example, a farmer might trade some of his crops for a blacksmith's tools.
This type of exchange was common in many societies, and it allowed people to obtain the goods they needed without using money. In addition to barter, some societies used other forms of exchange. In ancient Egypt, for example, grain was used as a form of currency.
People could exchange grain for other goods or services. In other societies, cowrie shells, beads, and even human skulls were used as currency.
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according to free-market economist friedman, what is the only social responsibility of a business? multiple choice question. environmental sustainability being a good global citizen making profits corporate philanthropy
The correct answer is B. Making profits. This is the view of Milton Friedman, one of the most influential free-market economists of the 20th century.
He maintained that a company's primary social obligation is to maximise profits while abiding by the laws of the market.
He argued that the only way for a business to ensure its long-term viability and success is to focus exclusively on making profits and not to become involved in activities that do not directly contribute to that goal.
He argued that any attempts to use corporate resources for social causes or to pursue philanthropic activities amount to diverting resources from the primary goal of profit-making. He claimed that it is not the responsibility of businesses to become actively involved in social causes or to “solve social problems”.
He argued that businesses should be able to act in the interests of their shareholders without interference from external forces.
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suppose that the government imposes a minimum wage of $9. the minimum wage will result in a of thousand unskilled workers. a. shortage; 3 b. surplus; 3 c. surplus; 4 d. shortage; 2
The minimum wage will result in in a D) shortage; 2 f thousand unskilled workers.
When the government imposes a minimum wage, it means that businesses must pay their employees at least the minimum wage or higher. This can lead to a shortage of unskilled workers because businesses may not be able to afford to pay higher wages, and therefore may not be able to hire enough unskilled workers.
On the other hand, if the minimum wage is set too low, businesses may be able to hire more unskilled workers than they actually need, leading to a surplus of unskilled workers. In this case, the minimum wage of $9 is likely to lead to a shortage of 2 thousand unskilled workers because businesses may not be able to afford to pay the higher wages.
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potential profitability is a function of . a. the market's anticipated growth b. product development history c. the number of products made d. current market price
The answer is option a. the market's anticipated growth, potential profitability is a function of the market's anticipated growth.
What does "market" mean in economics?A market is defined as the total number of purchasers and sellers in the region or area under examination. The region can represent the entire planet, as well as certain states, provinces, or cities. Items traded are valued, costed, and priced in accordance with market forces of supply and demand.
What does a market economy look like in practice?A market economy has unplanned activity. It is not governed by a single entity, but rather by the supply and demand for products and services. Market economies include those in the United States, England, and Japan.
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explain how businesses can maximize their profits and contribute to public interests.
Having a thorough understanding of your businesses with audience and constantly providing top-notch service is likely the most economical approach to boost loyalty and gain new clients through recommendations.
You may raise the lifetime value of your current customers, deliver new leads, and increase profitability by expressing your gratitude to them. Your company can raise income, reduce expenditures, or do both to maximize profits.
The marginal choice rule will be the basis for a profit-maximizing company's decision to hire more labor: If the extra output created by hiring one more unit of labor increases total revenue more than it increases total cost, the company will increase profit by using more labor.
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an economy that is producing on the production possibility frontier at some point other than the output of efficient allocation is
An economy that is producing on the production possibility frontier at some point other than the output of efficient allocation is operating in an inefficient manner.
This means that the economy is not producing the most output possible with the resources available. This could be due to the use of outdated technology, lack of access to certain resources, or a lack of knowledge about how to best utilize the resources. In addition, it could be caused by a lack of competition in the market or a lack of incentives to innovate. In any case, the economy is not producing the most it could with the resources available, meaning there is an opportunity to increase output by making better use of the resources. This could be done by increasing the efficiency of production, encouraging more competition, or increasing the incentives for innovation. By doing so, the economy can move closer to the output of efficient allocation and increase its overall output.
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on november 1, 2022, movers, inc., paid $24,000 for 2 years' rent beginning on november 1 (assume rent is the same amount each month). movers' year-end financial statements as of december 31, 2022 will show:
The payment made by Movers, Inc. on November 1, 2022 for 2 years' rent will be recognized as a prepaid expense in their financial statements as of December 31, 2022.
Prepaid expenses are advance payments made for goods or services to be received in the future. As the rent payment covers a period of 2 years, the company will allocate the payment over the 2-year period in a systematic and rational manner. This can be done on a monthly basis, where each month's rent is recognized as an expense in the income statement. In the balance sheet, the prepaid rent of $24,000 will be shown as an asset until it is recognized as an expense in the income statement. As the company recognizes the expense over the 2-year period, the asset will be reduced, and the expense will be reflected in the income statement. In conclusion, the $24,000 rent payment made by Movers, Inc. will be recorded as a prepaid expense in the balance sheet and will be recognized as an expense in the income statement over the 2-year period. This method of accounting helps to provide an accurate representation of the company's financial performance and position.
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a government decides to set a price ceiling on milk so that milk is affordable to the poor. the conditions of demand and supply are given in the table below. what will the excess supply or the shortage be if the price ceiling is set at $2.40? what is the equilibrium price before the price ceiling?
If the price ceiling is set at $2.40, there will be a shortage of 6,000 units and the price will not reach the equilibrium price of $3.00.
A price ceiling is a government-imposed limit on the maximum price that can be charged for a certain good or service. The main purpose of a price ceiling is to protect consumers from paying excessively high prices, especially for necessities such as housing, food, and healthcare. Price ceilings can be enacted in response to inflation, supply and demand imbalances, or when the market is dominated by monopolies.
However, the implementation of a price ceiling can have unintended consequences. If the demand for a good exceeds the supply, the result can be a shortage. This can lead to long lines, rationing, and black market activities, which can harm the economy. Additionally, a price ceiling can discourage production and innovation, as producers are unable to earn a profit from the goods they produce.
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craig, a marketing manager at helizone inc., rarely takes initiative or suggests new ideas during project meetings. he does his work half-heartedly and needs to be guided by his manager on a regular basis. according to robert kelley's basic styles of followership, craig most likely is a(n)
According to Robert Kelley's basic styles of followership, Carig most likely is a passive follower.
Robert Kelley categorized fellowship style into five styles. Based on Robers Kelley's basic styles of fellowship these are five styles of fellowship:Exemplary: they are independent, innovative, and willing to stand up to superiors. Conformists: they are very active in doing their organization's work they used to be called "yes people". Passive; they rarely take initiative or suggest new ideas during a project meeting. Alienated: They are highly independent critical thinkers but low in engagement. Pragmatic: they are rarely committed to their group's work goals.
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the irs reported that 89,928,000 individual income tax returns had an adjusted gross income of less than $50,000. approximately how many had an adjusted gross income between
The amount of income tax you owe for the entire year is calculated by the IRS using your adjusted gross income (AGI).
Your AGI is calculated by taking the total of your yearly earnings (gross income) and deducting certain income adjustments.
Your AGI may have an impact on the amount of your tax deductions as well as whether you qualify to contribute to certain types of retirement plans, such as a Roth individual retirement account (Roth IRA).
Your AGI is your gross income after some ordinarily permitted deductions have been brought back in. AGI and MAGI will frequently be the same for many folks.
Alimony payments and educator costs are among the things deducted from your gross income when determining your AGI.
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Sal, a calendar-year taxpayer, uses the cash-basis method of accounting for his sole proprietorship. In late December, he performed $40,000 of consulting services for a client. Sal typically requires his clients to pay his bills immediately upon receipt. Assume that Sal's marginal tax rate is 32 percent this year and 37 percent next year and that he can earn an after-tax rate of return of 12 percent on his investments. Should Sal send his client the bill in December or January
Sal should send the bill in January.
By delaying the recognition of income until next year, Sal can defer the payment of income taxes on that income until next year when his marginal tax rate is 37 percent. Meanwhile, he can invest the $40,000 and earn an after-tax rate of return of 12 percent. By the time he pays taxes on the deferred income in the next year, he will have earned enough from his investments to offset the increased tax liability.
Additionally, he will have used the cash for an extra month to generate additional after-tax investment income. However, it's worth noting that this strategy may not be effective in every case, and Sal should consider other factors such as his cash flow needs and the stability of his investments.
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a problem is multiple choice a decision that needs to be made. a gap between an actual and a desired situation. always due to environmental factors. a situation that managers rarely face. something to be ignored until it becomes serious.
A problem Is a gap between an actual and a desired situation because the problem is the gap between the actual and the desired situation.
Option B is correct .
According to the interactional perspective, behavior is a function of individual, group, and organizational factors. According to the interactional perspective, behavior is a function of interdependent human and environmental factors.
Problem solving is a systematic process of bridging the gap between actual and desired outcomes. Research shows that sustainable companies are led by CEOs who use a people-centered and inclusive approach. Peer behavior is the most common predictor of cheating in school, according to research. There are four different types of gaps - normal gaps, gaps, exhausted gaps and unloading gaps - each with its own signal for traders. .
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The correct question is :
A problem:
A. Is a decision that needs to be made
B. Is a gap between an actual and a desired situation
C. Is always due to environmental factors
D. Is a situation that managers rarely face
E. Should be ignored until it becomes serious
imagine you are responsible for making a presentation that includes a representation of the logic flow through a process. you understand the process and want to be sure everyone agrees with your solution. what should you use for this presentation?
One could use a flowchart if he/she wants to make a presentation that includes a representation of the logic flow through a process.
A flowchart shows the steps needed to solve the problem graphically.It depicts the information flow in any system or process.
A flowchart is a sort of chart that illustrates a workflow or procedure. It depicts the steps as various types of boxes and their sequence by joining them with arrows.
This type of diagrammatic illustration shows a potential solution to a given issue. In many different industries, flowcharts are used for process analysis, design, documentation, and programme management.
There are many different sorts of flowcharts. Swimlane flow charts, Workflow diagrams, and dataflow diagrams are a few of the most used types.
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an automobile manufacturing plant opens in alabama, and its owner, all of the workers, and all raw materials are from japan. how would the purchase of an automobile from this plant change u.s. gdp and gnp?
The US Gross Domestic Product (GDP) and Gross National Product (GNP) would both increase if a car were purchased from the Japanese-owned company in Alabama (GNP).
Gross Domestic Product (GDP) is a major indicator of a nation's level of life and a primary gauge of economic performance. It is the market value of all finished products produced inside the boundaries of a nation over a specific time period, typically one year. Consumer, government, investment, and net export expenditure are added up to determine GDP. The GDP of a nation offers information on the scope and condition of its economy as well as its capacity for producing goods and services. A rising GDP is typically regarded as an indication that the economy is increasing and that living standards are rising.
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what is a good task management app that will auto move unfinished tasks to the next day until it gets done?
Apps like: Todolist, Any do, and Microsoft to do are good task management app that will auto-move unfinished tasks to the next day until it gets done.
There are several task management apps that offer the ability to auto move unfinished tasks to the next day until they are completed.
Here are a few popular options:
Todoist: Todoist is a powerful task management app that offers a feature called "Task Scheduling" that allows you to schedule tasks for specific dates and automatically move them to the next day if they are not completed.
Any do: Any do is a well-designed task management app that offers a feature called "Any do Moment" that helps you prioritize your tasks and auto moves unfinished tasks to the next day.
Microsoft To Do: Microsoft To Do is a simple and straightforward task management app that offers a feature called "My Day" that helps you focus on the tasks for the day and auto moves unfinished tasks to the next day.
It's important to choose the app that best fits your needs and workflow, so you may want to try a few of these apps and compare their features to see which one works best for you.
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