Cash paid for an expense in one fiscal period that is not used until a later period is known as a prepaid expense.
What is Prepaid Expenses?Prepaid expenses are payments for goods and services that are made in advance of their use. This type of payment arrangement can be beneficial for businesses that need to take advantage of discounts, can purchase goods and services at a lower cost than the market rate, or simply need to spread out their costs over a longer period of time.
Therefore, the various benefits of prepaid expenses include how they can help businesses save money and improve their financial situation.
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what is a status report? group of answer choices difficult to quantify or measure. the measure of the tangible and intangible benefits of an information system. easy to quantify and typically measured to determine the success or failure of a project. a periodic reviews of actual performance versus expected performance.
Actual performance versus expected performance. The underlying factor is the subject's performance.There are both subjective and objective criteria.criterion that incorporates arbitrary components such objective ratings or judgments.
The requirements also include numerical metrics.Tangible advantages are advantages that may be readily be evaluated by a person, such as: money and as opposed to tangible benefits, which are those benefits that are difficult to quantify in units things as safety, comfort, and enjoyment.The SWOT analysis is intended to make based on the strength of the analysis, dangers, opportunities, and vulnerabilities. This implies that it's critical to look into the disparity between internal strength and weakness its exterior possibilities and dangers. It seeks to address both internal and external issues affairs. Strategic planning and decision-making are involved.
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what is the amount of time an activity may be delayed without delaying a succeeding activity or the project finish date? group of answer choices project charter. dependency. slack. kill switch.
The amount of time an activity may be delayed without delaying a succeeding activity or the project finish date is slack. The correct option is (c).
What do you understand by the slack?Slack is a business communicate platform that links users to the data they require. Slack changes how businesses communicate by uniting employees to work as a single cohesive team.
Projects have been undertaken since the beginning of recorded human activity. Our predecessors' hunting parties were endeavors.
The amount of float, commonly referred to as slack, determines how much time can be added to an activity's start date without affecting the project's completion date. Each assignment will have the start and finish times listed below.
Therefore, the amount of time an activity may be delayed without delaying a succeeding activity or the project finish date is slack.
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How do I figure in 6% sales tax?
Sales tax calculation for a good or service is simple: Just multiply the price of the good or service by the applicable tax rate. For instance, if you sell chairs for $100 each and run your business in a state with a 6% sales tax.
The entire amount of sales tax would be $6, which is calculated by multiplying $100 by 6%. One chair will cost $106 when the sales tax is added to the sale price. The majority of point-of-sale (POS) software solutions can perform these calculations for you at the register or via a mobile app, even if it is possible to do so manually or with a calculator. Nevertheless, it is a good idea to give your staff calculators and receipt pads to use in the event that your POS system or mobile connection fails. The tax rates applicable to the goods and services you offer should also be disclosed to your employees.
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Does rapid growth reduce poverty?
Yes, Rapid growth reduce poverty but in some of the stable situation with respect to GDP and other nation financial aspects.
The Rapid growth occur when there is a rise in the production of goods and services for a certain period as compared with a previous one. It is generally measured in terms of GDP and is an indicator of the economic health of a country.
The poverty reduction can be achieved by sustaining a high level of economic growth. This outcome can also be facilitated by a reduction in inequality of opportunities and a relatively low level of inflation.
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when a company assigns the costs of direct materials, direct labor, and both variable and fixed manufacturing overhead to products, that company is using group of answer choices operations costing. absorption costing. variable costing. product costing.
The company is using production cost.
All of the direct and indirect expenses firms incur when producing a good or rendering service are referred to as production costs. Various expenditures, including labor, raw materials, consumable manufacturing supplies, and general overhead, might be included in production costs. When a company produces a good or offers a service, it incurs production expenses, which are sometimes referred to as product costs. Numerous charges are included in these fees. For instance, manufacturing expenses for manufacturers include the cost of the labor and raw materials required to make the product.
Production expenses in the service sector are related to the labor needed to implement the service and any material costs associated with providing the service.
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frame co. has an 8% note receivable, in the original amount of $150,000, dated june 30, 2003. payments of $50,000 in principal plus accrued interest are due annually on july 1, 2004, 2005, and 2006. in its june 30, 2005, balance sheet, what amount should frame report as a current asset for interest on the note receivable?
In Frame Co.'s June 30, 2005 balance sheet, the amount to be reported as a current asset for interest on the note receivable is $8,000.
The calculation for the current asset for interest on the note receivable is as follows:
Calculate the amount of interest earned on the note receivable.
Interest = Principal Amount x Interest Rate x Time = $150,000 x 8% x (1 year) = $12,000
Calculate the amount of interest paid since the note was issued.
Interest Paid = $50,000 x 8% = $4,000
Calculate the current asset for interest on the note receivable.
Current Asset = Interest Earned - Interest Paid = $12,000 - $4,000 = $8,000
Therefore, in Frame Co.'s June 30, 2005 balance sheet, the amount to be reported as a current asset for interest on the note receivable is $8,000.
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What does it mean when an economy is in transition?
Economies in transition are considered countries that are undertaking macroeconomic reforms with the aim of changing the way their economies operate.
This has traditionally involved the country making structural adjustments from a state-run economy to a more market-oriented system. A transition economy is an economy that moves from centrally planned to free market. Since the fall of communism in the late 1980s, the countries of the former Soviet Union and its satellite states, including Poland, Hungary, and Bulgaria, have sought to embrace market capitalism. school and abandoned centralized planning. Key aspects of the transition are liberalization, macroeconomic stability, privatization, and legal and institutional reforms.
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what best describes the state of south asia and southeast asia at the point at which the various east india companies made transformative inroads into their politics and economy? choose one. group of answer choices environmental crises and famines centralized imperial states managing diverse populations local conflict, competing polities, and environmental disruptions diverse polities managing international access to major trading hubs
Environmental disruptions diverse polities managing international access to major trading hubs. (Option D)
What one governmental system in South or Southeast Asia remained constant between 1750 and 1900?The fact that Europeans continued to question the authority of indigenous monarchs was one constant in South and Southeast Asian politics. The Mughal emperor continued to rule India as the symbolic head of state until he was overthrown by the British, which was one example of continuity in South Asia.
What carries people from South Asia to Southeast Asia?In its capacity as the land bridge connecting the two regions, Myanmar is examined in this research with regard to its infrastructure requirements, trade patterns, and trade facilitation difficulties.
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if a company’s operating cycle is much longer than its average payment period for suppliers, it creates the need to borrow money to fund its inventories and accounts receivable.a. trueb. false
The following statement "If a company’s operating cycle is much longer than its average payment period for suppliers, it creates the need to borrow money to fund its inventories and accounts receivable" is false.
An operational cycle is the period of time it takes for a business to purchase items, sell them, and receive payment for those sales. In other words, it refers to the time it takes a business to convert its inventories into cash. The industry determines how long an operational cycle should be.
The operational cycle may be used to calculate the amount of working capital a firm will require to operate or expand. A business can thrive while selling products at very low-profit margins if it has an extraordinarily short operating cycle and requires less capital to sustain operations.
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ronald, the purchasing manager of telly's supermarket in georgia, was asked to purchase the latest video game console, funcase, to be kept in the supermarket. due to a truckers' strike, ronald had to personally make the trip to the funcase warehouse in florida to pick up the console. ronald paid for the trip himself, went to the warehouse, procured the console, and returned. after he got back, telly's supermarket paid ronald for the personal expenses he incurred in making the trip to florida. what duty of the principal did telly's supermarket satisfy when it paid ronald for the trip?
When the Telly's supermarket paid Ronald for the personal expenses he incurred in making the trip to Florida, it satisfied the duty to reimburse as the duty of principal to the agent.
What is the duty of principal?A principal has contractual obligations to his or her agent. The primary duties of a principal to his/her agent are as follows: to compensate the agent as agreed; and to compensate and protect the agent against claims, liabilities, and expenses incurred in the agent correctly discharging the duties assigned by the principal.
Generally, a principal owes the following duties to the agent:
Duty to Compensate, Duty to Reimburse, and Duty to Indemnify the AgentAs Ronald had paid for the trip to Florida for acquiring Telly's supermarket it is their duty as the principal to reimburse all expenses incurred for making the trip.
Therefore Telly's supermarket have satisfied the duty to reimburse.
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leadership is the ability to influence employees to voluntarily pursue organizational goals. t or f
False, Leadership is the capacity to persuade subordinates to actively pursue organizational objectives.
What's a good way to define leadership?"The process of taking control of a team or organization." The Oxford Dictionary characterizes lead in this way. Simply defined, being a leader entails taking risks and challenging the status quo. Leaders inspire their followers to take on bigger and more challenging tasks.
Why is leadership crucial?They are essential attributes to have because a capable leader can motivate his or her company to collaborate toward a shared goal by nurturing talent in each individual IN order to prevent delays, a capable leader maintains the team motivated and engaged.
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because practically all marketers provide some services, typically do not exist in today's business environment. a. pure services b. customer services c. pure goods d. tangible-dominant products e. service products
The Correct option is C. Because practically all marketers provide some services, Pure goods typically do not exist in today's business environment.
The environment may be defined as a sum total of all of the residing and non-residing factors and their consequences that impact human life. whilst all dwelling or biotic factors are animals, plants, forests, fisheries, and birds, non-residing or abiotic factors encompass water, land, sunlight, rocks, and air.
The environment offers us limitless blessings that we cannot repay our complete lifestyles. As they're linked with the wooded area, timber, animals, water, and air. The forest and trees filter out the air and soak up harmful gases. flora purify water, lessen the possibilities of flood hold herbal stability, and lots of others. The surrounding is everything this is around us, which includes both residing and nonliving matters along with soil, water, animals, and flowers, which adapt themselves to their environment. it is nature's presence that helps in nourishing life on this planet.
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both lloyd and harry are claiming patent protection for the same invention that each independently created. the rights to protection will be awarded to
Lloyd or Harry are separately seeking patent rights for the identical independently developed technology. The first person to finish an innovation will receive the rights to protection.
Describe the patent.A government-granted property right to an invention is a patent. This grant confers temporary exclusivity on the inventor over the patented invention in consideration for a full disclosure of the invention.
What is a patent example?Examples are the drought-resistant corn and the Gentle Angel rose. Anyone who develops or discovers "any innovative and useful methodology, instrument, product of industry, or composition of matter, or even a new and valuable adaptation thereof" is eligible to submit a request for a utility patent.
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What factors affect stock market prices?
Answer:
Explanation:
One of the main factors that influence stock prices is supply and demand. When the supply and demand do not balance each other out, the price of stocks fluctuates. The general rule is that when demand is higher than supply, the prices rise, and if supply is higher than demand, the prices drop.
ash company reported sales of $590,000 for year 1, $640,000 for year 2, and $690,000 for year 3. using year 1 as the base year, what is the revenue trend percent for years 2 and 3?
The revenue percentage trend for year 2 and 3 is 108.5% and 116.9% respectively.
How to calculate the revenue trend percent for year 2 and 3?The detail calculation is given below,
By using year 1 as the base year:
590,000 + 50,000 = 640,000
640,000 + 50,000 = 690000
To find the percent change, write a proportion using 2 of the years.
To solve for x, cross multiply the numerator with the denominator of each fraction.
640000(100) = 590,000(x)
64000,000 = 590,000x
108.5% = x
Therefore, the revenue percentage trend for year 2 is 108.5% and 116.9% for year 3.
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with respect to expanding opportunities for ict environmental contributions, what term is associated with the issues such as leed certified buildings, smart motors, and industrial robots?
The term that is associated with the issues such as LEED-certified buildings, smart motors, and industrial robots with respect to expanding opportunities for ICT environmental contributions is automation.
What is Automation?Automation is a form of application of technology to machines that are usually used in homes, industries, and also manufacturing companies. Automation can have a very positive impact on environmental sustainability because with this automation, machines can have a scheduling system that regulates the start time and stop time of the machine. Apart from that, there is also an idle feature on a machine that already has automation so that it can reduce the electrical power used when it is idle. This automation is usually used in smart motors, industrial robots, and also in LEED-certified buildings.
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Suppose the exchange rate is 90 yen per u.s. dollar and the united states wants to keep the exchange rate at a target rate of 90 yen per u.s. dollar. if the demand for u.s. dollars , the fed ______.
Suppose the exchange rate is 90 yen per u.s. dollar and the united states wants to keep the exchange rate at a target rate of 90 yen per u.s. dollar. if the demand for u.s. dollars , the fed buys dollars to raise the exchange rate.
An change rate is the fee at which one forex may be exchanged for every other among nations or monetary zones. it's miles used to decide the price of diverse currencies on the subject of every different and is essential in determining exchange and capital flow dynamics.
The exchange rate offers the relative cost of 1 currency against every other currency. An change charge GBP/USD of two, for example, shows that one pound will purchase U.S. dollars.
The exchange rate plays an vital role in a rustic's alternate overall performance. whether determined by way of exogenous shocks or by means of coverage, the relative valuations of currencies and their volatility often have vital repercussions on global trade, the balance of payments and typical financial overall performance.
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implicit costs can be defined as a) accounting profit minus explicit cost. b) the non-monetary opportunity cost of using the firm's own resources. c) the deferred cost of production. d) total cost minus fixed costs.
Implicit costs can be defined as b) the non-monetary opportunity cost of using the firm's own resources.
Implicit costs are a special kind of opportunity cost: they represent the cost of the company's existing resources that could have been used in another way. An entrepreneur who runs a firm, for instance, could use her labor to pay the bills at a job.
An implicit cost, also known as an imputed cost, implied cost, or notional cost in economics, is the opportunity cost equal to what a company must forgo in order to employ a piece of production that it already owns and is thus not subject to rental payments. It contrasts with an explicit expense, which is paid for up front.
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average total cost is increasing whenever group of answer choices total cost is increasing. marginal cost is increasing. marginal cost is less than average total cost. marginal cost is greater than average total cost.
Average total cost is increasing whenever marginal cost is greater than average total cost.
Average total cost is the sum of all production costs divided by the quantity of units produced. The result is regarded the most thorough costing compilation for a manufacturing run because it combines all fixed expenses and variable costs incurred to generate the units.
Setting a price point's minimum value is frequently done using this information. Any price below the average total cost prevents a company from recouping its expenses, which results in losses. To show how this cost is changing over time, it is also helpful to track it on a trend line.
When there is some excess capacity available to fulfill a few more client orders, the minimal price that can be paid to sell one more unit of output is set using marginal cost information.
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a. are expensed as costs are incurred for direct labor, direct materials, and factory overhead b. appear on both the income statement and balance sheet c. appear only on the balance sheet d. appear only on the income statement
Correct answer is A. Product costs are expensed as costs are incurred for direct labor, direct material, and factory overhead.
Product costs are the costs which is straightforwardly credited to the item. It incorporates the immediate material, direct work and distributed plant above. These expenses are absolutely brought about for the assembling of item. Pay proclamation presents all expenses brought about by business which included item expenses and period costs too. Accounting report conveys no expenses. Product costs are costs that are incurred to create a product that is intended for sale to customers. Product costs include direct material (DM), direct labor (DL), and manufacturing overhead (MOH)
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All else equal, the higher the debt to equity ratio, the higher the risk of bankruptcy.
The statement 'All else equal, the higher the debt to equity ratio, the higher the risk of bankruptcy' is true.
In the field of business, the debt to equity ratio can be described as the ability of a company to pay off its debt and to bring its revenue to an equal value that had been invested into the business.
The higher the debt to equity ratio means that the business has a greater amount of debt that has to be paid in order to reach the equity value, hence the bankruptcy chances or risk for such a business will be higher as an increased amount of debt will be harder to pay. Thus, the statement above is true.
Although a part of your question is missing, you might be referring to this question:
All else equal, the higher the debt to equity ratio, the higher the risk of bankruptcy. True or False
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the composition of the fingroup fund portfolio is as follows: stock shares price a 370,000 $ 35 b 470,000 40 c 570,000 10 d 770,000 15 required: the fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $30,000. there are 3 million shares outstanding. what is the net asset value of the fund? (round your answer to 2 decimal places.)
The composition of the fingroup fund portfolio net asset value is $10.69.
How is net asset value determined?A fund's NAV is determined by adding up its assets and deducting its liabilities. A fund's NAV will be $90 million, for instance, if its investments are worth $100 million and it has $10 million in liabilities. Additionally, the NAV per share will be $90 if the fund has one million outstanding shares.
What does "net asset value" mean?An investing company's "net asset value," or "NAV," is the sum of its assets less the sum of its liabilities. The NAV of an investment business, for instance, will be $90 million if it has securities and other assets worth $100 million and liabilities of $10 million.
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unions can take a variety of forms. companies can be required to hire workers who belong to a particular union prior to employment in what is called a(n)
Unions can take a variety of forms. Companies can be required to hire workers who belong to a particular union prior to employment in what is called a Closed Shop
What is employment ?Employment generally means the state of having a paid job, i.e. being employed. Hiring someone means paying them for their workers. Employers provide employment to their employees. Employment can also refer to the employment of people, such as workers to increase the employment of women. There are eight types of employment: full-time, part-time, temporary employment, labor contract, apprenticeship, internship, fixed-term employment, and probationary period. Employment is the relationship between two parties who manage the performance of their workers for their benefit. Usually, one party, the employer, which may be a corporation, non-profit organization, cooperative, or other organization, provides labor to the other party under the contract in return for performing assigned workers pay the person.To learn more about employment from the given link :
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During a presentation, promptly complying with requests raised by audience members
a. True
b. False
During a presentation, promptly complying with requests raised by audience members establishes your reputation as being responsive.
What is the primary goal of the presentation?
Information-giving, action-suggestion, and goodwill-building are the three basic goals of presentations. An effective presentation should have a solid subject, align with the aim, best suit the audience, and be well-organized.
During a presentation, promptly complying with requests raised by audience members establishes your reputation as being responsive. When students design inventive and captivating slides to accompany their talks, presentation skills foster the development of novel ideas.
Therefore, Responding right away to requests made by viewers during a presentation.
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if firms are earning zero profits, this means that they must be producing at an output level at which:
If firms are earning zero profits, this means that they must be producing at an output level at price equals average total cost.
When a company's total income equals the sum of its explicit and hidden costs, there is no economic profit
In other words, it happens when a company's revenue is equal to zero after subtracting all of its costs, both explicit and implicit.
It implies that the company is only paying all of its expenses, such as the cost of maintaining owners and capital.
If the market price equals the average cost at the output level that maximizes profits, the firm is operating at a loss.
The zero profit point is when the average cost curve intersects the marginal cost curve, at the minimum of the average cost curve.
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which is an example of a demand-oriented approach to setting an approximate price? multiple choice question. skimming pricing loss leader experience curve target return on sales
These approaches, which are particularly "psychological" in nature, prioritise expected client likes and preferences over criteria like cost, revenue, and competition when determining a price level.
What does profit mean?The money that remains after paying your business expenses is your profit. Gross profit, operating profit, and net profit are the three primary types of profit. The largest profit is gross. The balance left over after paying for the sold goods and services is shown.
What is a business example of profit?Its simplest definition is the sum that remains after deducting all expenses from all revenues. The remaining funds, or your earnings, can either be retained by the company and reinvested to fund future expansion, or they can be given as a drawing or dividends to shareholders.
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two countries, highland and lowland, are described by the solow growth model. both countries are identical, except that the rate of labor-augmenting technological progress is higher in highland than in lowland. a. in which country is the steady-state growth rate of output per effective worker higher? b. in which country is the steady-state growth rate of total output higher? c. does the solow growth model predict that the two economies will converge to the same steady state?
Because it is saving enough just to counteract a higher amount of depreciation, the higher-saving nation will have more capital for each worker inside the steady state, and consequently, more production per worker. Ans. B
Where are the lowlands?According to the Britannica Dictionary, a lowland is a region where the land would be at, close to, or below sea level and where there are typically no mountains or significant hills.
Where are the lowlands?flat territory that is at or just above sea level This region offers something for everyone, from the lowlands in the south to the untamed peaks in the north. Lowland regions are where these plants are primarily found.
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monopolistically competitive firms are likely to have ______________ prices in the long run than will occur in a perfectly competitive industry producing similar goods.
Long-term prices for items produced by firms with the monopolistic competition are likely to be the same as those in perfectly competitive markets.
A monopoly is a type of imperfect competition where a seller or producer controls the majority of the market's customers due to the absence of alternatives or rivals. A monopolistic competition is a type of imperfect competition in which numerous vendors compete to capture market share by distinguishing their goods. When just one company dominates an entire industry or even a sizable portion of it, that company is considered to have a monopoly. Monopolies historically have benefited the firms who own them because they can increase costs and decrease services without repercussions.
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If the economy is currently in short-run equilibrium at point a, what type of monetary policy would be most effective to bring the economy back to long-run equilibrium?
a) expansionary monetary policy to shift AD to the right
b) expansionary monetary policy to shift SRAS to the right
c) contractionary monetary policy to shift AD to the right
d) contractionary monetary policy to shift SRAS to the right
The price level and real GDP are determined by buyers and sellers of all output. Thus, aggregate demand (AD) and short-run aggregate supply (SRAS) define short-run equilibrium output and price. We can determine our business cycle position by comparing short-run equilibrium output to full employment production.
Recessions occur when real GDP is below full employment output. Booms occur when real GDP exceeds full employment output. In long-run equilibrium, current output equals full employment output. Output is normal.
A graphical model of economic fluctuations that include aggregate demand (AD), short-run aggregate supply (SRAS), and long-run aggregate supply (LRAS) is known as the AD-AS model.
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you have just completed a successful interview for a management position. you need to contact your references and inform them that they might be asked for a recommendation. what information should you give your references so that they can provide the best possible recommendation? the salary expectations and work hours a description of the position and the name of company the contact information of your prospective coworkers
Keep the identical font and layout as your resume and cowl letter to make it effortless to read. For each reference, provide their name, title, organization, telephone number, email, and a sentence temporarily explaining your working relationship with them.
How do you inform your references that they will be contacted?Provide them with beneficial details
Thank you once more for being a reference for me. I wanted to let you comprehend that I've done my interviews for the [job title you interviewed for], and Company XYZ may also be contacting you soon.
A reference test generally means a hiring manager is near-ready to prolong an offer to a candidate, and they prefer one remaining confirmation that you are the right fit for their team, Foss says.
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