According to the theory of comparative advantage, if the U.S. and Mexico increase their trade with each other, the two countries will experience higher standards of living.
The theory of comparative advantage suggests that countries can benefit from trade by specializing in the production of goods and services they are relatively more efficient at producing and then trading with each other.
This specialization leads to an increase in the production of goods and services and a resulting increase in the standard of living for both countries. The gains from trade are therefore a result of each country specializing in what it does best and trading with each other, leading to greater efficiency and increased wealth for both nations.
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The Food Co-op Club boasts that it has 5,000 members and a 200% increase in sales. The markup is 40% based on cost. What would be its percent markup if selling price were the base?
The percent markup is 67% if the selling price were the base.
What is markup called?The difference between the selling price and the cost of a good or service is known as the markup. It is frequently stated as a percentage of the cost. In order to cover the costs of doing business and generate a profit, a markup is added to the total amount charged by the producer of a good or service.
Given
Sales = 200% increase
markup =40%
required to calculate percent markup =?
Percent Markup = 40 x 100 /60 = 66.66% or 67%
The markup is the percentage difference between a product's selling price and its cost. When markups are calculated based on cost, the selling price is 100%. The actual cost can be calculated if the selling price and the percentage markup on the selling price are provided.
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Dexter Technology maintains its records using cash-basis accounting. Consider the following: During the year, the company received cash from customers, $42,000, and paid cash for salaries, $23,000. At the beginning of the year, customers owe Dexter $1,200. By the end of the year, customers owe $6,400. At the beginning of the year, Dexter owes salaries of $5,400. At the end of the year, Dexter owes salaries of $3,200. Determine cash-basis net income and accrual-basis net income for the year.
The cash-basis net income and accrual-basis net income for the year is $19,000 and $22,000 respectively.
What is cash-basis accounting?Cash basis accounting means that earnings are only recorded when they are received.
The calculation is of cash-basis net income and accrual-basis net income are as follows:-
1. Net income under cash basis:
= Received cash from customers - paid cash for salaries
= $42,000- $23,000
= $19000
2. Net income under accrual basis:
= Cash received - salary paid
where,
Cash received = Cash owed at the end of the year + cash received - cash owed at the beginning of the year
= $6,400+ $42,000- $1,200
= $47,200
And, the salary paid = salary owed at the end of the year + salary paid - salary owed at the beginning of the year
= $5,400+ $23,000- $3,200
= $25,200
Now put these values to the above formula. So, the value would as follows:-
= $47,200- $25,200
= $22,000
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What is the method used to account for investments in commonstock determined by for accounting purposes?
The method used to record investments in ordinary shares determined by the company for accounting purposes is the equity method
Stock Investment Registration MethodThe method of ownership (equity method) is a method for recording investment in shares by recording investment in shares at their cost.
At the end of each accounting period, this cost of goods is changed according to the portion of profit or loss earned by the company whose shares are owned. Dividends received from these shares are recorded as reducing the investment account balance in shares.
Listing of company shares on the stock exchange which is carried out with accurate planning and calculations as well as a good long-term strategy will improve the company's performance.
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your firm manufactures cleaning solutions under the brand name ez clean. which of the following would be a strength for your firm?
The strength for my firm would probably be the brand name that is EZ clean.
A firm is a for-profit corporate entity that offers professional services, such as a corporation, limited liability company (LLC), or association. Most businesses only have one location. On the other hand, a business firm is made up of one or more specific stores that are all owned by the same person and share the same EIN (EIN). The term "firm," is frequently connected to companies that offer expert legal and financial services, but it may refer to a wide range of companies, including consulting, marketing, and graphic design firms, among others. To ensure operational success, a company may leverage human, financial, or natural resources.
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When a company develops a business portfolio, when does
it identify the key businesses that make up the company?
When a company develops a business portfolio, its must identify the key businesses that make up the company immediately.
Why do company develops business portfolio?The business portfolio is a collection of the company's products, services, and accomplishments. A company portfolio's goal is to establish the company's market presence, attract more customers, and demonstrate how the company differs from its direct competitors.
Companies must identify, evaluate, and select market opportunities before developing strategies to capitalize on them. One method is to use a portfolio planning tool to identify opportunities for company growth through market penetration, market development, product development, or diversification.
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a journal entry that debits work in process inventory and credits manufacturing overhead is recording ____ . multiple choice question. a) indirect material purchases b) the application of manufacturing c) overhead costs d) actual manufacturing overhead costs e) job completion
A journal entry that debits work in process inventory and credits manufacturing overhead is recording overhead costs.
What are overhead costs?The term "overhead" describes continuing business costs that aren't directly related to providing a good or service. It is crucial for budgeting as well as for figuring out how much a business must charge for its goods or services in order to turn a profit.
Expenses that are incurred to support the business but are not specifically tied to a product or service are collectively referred to as overhead.
Overhead expenses may be fixed, fluctuating, or a combination of the two. There are various types of overhead, including administrative overhead, which covers expenses linked to running a business.
The income statement lists administrative costs. Overhead costs are recorded on an organization's income statement and have a direct impact on the overall profitability of the enterprise.
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in this exercise, you will identify communication practices that are associated with high uncertainty avoidance and low uncertainty avoidance.
Teachers are seen as having all the answers in cultures where uncertainty avoidance is high, and learning is structured. Teachers are not necessarily viewed as all knowing in cultures with low uncertainty avoidance, and learning is more open-minded and less focused on facts.
Avoidance of low uncertainty Cultures accept and feel at ease in unstructured situations or changing environments, and they strive to have as few rules as possible. People in these cultures are more pragmatic and adaptable to change.
We found that uncertainty avoidance had a consistent and distinct effect on the use of and response to messages expressing legitimacy and formality, and that, when preferred, such behaviour resulted in higher levels of interpersonal alignment.
People in cultures with a high level of uncertainty avoidance try to minimise the occurrence of unknown and unusual circumstances by planning and implementing rules, laws, and regulations.
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complete question:- Uncertainty Avoidance and Communication Patterns In this exercise, you will identify communication practices that are associated with high uncertainty avoidance and low uncertainty avoidance.
Select 3 goals or objectives that a leadership plan might include to achieve a solid business strategy.Buying powerAttracting new customersIncreasing salesSupply chain powerDecreasing costs
3 goals or objectives that a leadership plan might include to achieve a solid business strategy.
1. Broad differentiation
2. Broad cost leadership
3. Focused strategy
Broad differentiation is a competitive strategy i which a company differentiates its products or services from those of its competitors in multiple ways. This approach allows the company to be competitive in a wide range of markets, while also creating a unique competitive advantage.
Broad cost leadership is a business strategy in which a company seeks to become the lowest-cost producer in its industry. In order to become a cost leader, a company must reduce its costs across all areas of its business, including production, marketing, and distribution.
Focused strategy is a business strategy in which a company concentrates its resources on a limited number of products or services within a specific market. This strategy involves narrowing down the target market so that the company can focus on a select group of consumers.
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According to the Statement on Standards for Consulting Services, which of the following are considered to be consulting services:
Bookkeepi ng services
Personal financial planning
Controllership activities
Tax return preparation
According to the Statement on Standards for Consulting Services, the following are considered to be consulting services: Personal financial planning. Thus option (B) is correct.
What are consulting services?A consulting services means services of an advisory and intellectual nature provided by consultants using their professional skills to study, design, organize, and manage projects.
A consulting service is referred to as a kind of service that offered suggestions or guidance over the planning or execution of funds in the form of investment which helps in better results.
According to the Statement on Standards for Consulting Services, the following are considered to be consulting services: Personal financial planning. Therefore, option (B) is correct.
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Which type of unemployment is voluntary and temporary?
A Frictional type of Unemployment is voluntary and temporary. IT is a part of the business cycle. It is nature of unemployment.
What do you mean by Frictional Unemployment ?Frictional unemployment, which has nothing to do with the economic cycle and is voluntary, entails people changing occupations.
A downturn in a sector or a change in technology are only two examples of how changes in the economy can directly cause structural unemployment.
People leaving their jobs voluntarily lead to frictional unemployment. People who have quit their jobs and recent graduates looking for their first jobs require some time to locate employment, therefore they are unemployed during that time.
Therefore, a Frictional type of Unemployment is voluntary and temporary. IT is a part of the business cycle. It is nature of unemployment.
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you work for emerita's pizzeria and have been given the task of looking at company goals and deciding how the goals will be accomplished. you understand that planning is a complex process, but you are up for the challenge.
The plans must be involved are the strategic planning, the mid level, the low level, the operational planning, the top planning.
During strategic planning, stakeholders will be asked where they want their company to be in five years.
The middle level staff will decide to focus on attracting new clients and increasing productivity, as well as finding ways to give back to the company.
As a low-level employee, they must interact with customers and contribute to the company's performance.
It will be difficult in operational planning to manage customers and meet their day-to-day needs.
A meeting with top-level staff will be held, and as a result, new operational planning tools will be developed.
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In which of the following situations would monetary policy be least effective?
a. controlling inflation
b. slowing expansion
c. controlling inflation and recession
d. controlling recession
Explanation:
the answer for this question is c
Which of the following is NOT a determinant of the extent of rivalry among established companies?
a) Industry competitive structure
b)Demand conditions
c)Cost conditions
d)The height of exit barriers in the industry
e)The bargaining power of buyers
The bargaining power of buyers is not a determinant of the extent of rivalry among established companies. Number of buyers compared to suppliers: If there are fewer buyers than suppliers, the buyer's position will be more powerful.
Dependence of a buyer's purchases on a specific supplier: If a buyer can obtain comparable goods or services from other vendors, they become less dependent on a specific vendor. Whether your companies is a buyer or a supplier to its own customers, suppliers have the same bargaining power. Low switching costs, product or service differentiation, few rival suppliers in the industry, and high switching costs all contribute to high supplier bargaining power.
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When an economist points out that you and millions of other people are interdependent they are referring to the fact that we all Rely upon one another for the goods and services we all consume. (true or false)
The statement is True. when an economist points out that you and thousands and thousands of other people are interdependent they are referring to the truth that all of us depend upon each other for the goods and offerings we all eat.
Economists have a look at complicated records and data and use their findings to offer financial recommendations to agencies. As an economist, you would research and monitor financial traits, and create statistical models to expect destiny traits.
Economics is the look at scarcity and its implications for using assets, manufacturing of products and offerings, the boom of production and welfare over time, and a superb style of different complicated troubles of the important subjects to society. An economist is a person who researches the reasoning behind decisions humans make and is interested in the usage of facts to boost earnings and create higher public coverage, or behavior studies. An economist is an expert who studies the relationship between a society's resources and its manufacturing or output. Economists take a look at societies starting from small, neighborhood communities to complete international locations and even the worldwide economy.
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which of the following is the most likely effect of higher chicken prices on the price and quantity purchased of beef, a substitute product?
The relationship between chicken prices and the price and quantity purchased of beef is a complex one that is influenced by various factors, including the elasticity of demand, the responsiveness of supply, and the availability of alternative products.
The demand for beef, as a substitute product, is likely to increase when the price of chicken increases, as consumers seek more affordable options. The increase in demand for beef can drive up its price, but the extent of the price increase will depend on the elasticity of demand for beef. If the demand for beef is inelastic, a small increase in price may not significantly reduce the quantity demanded, leading to a larger price increase. On the other hand, if the demand for beef is elastic, a small increase in price may result in a larger reduction in quantity demanded, leading to a smaller price increase. The responsiveness of supply to changes in price also plays a role in determining the effect of higher chicken prices on the price and quantity purchased of beef. If the supply of beef is elastic, an increase in demand for beef will result in an increase in supply, which may offset the increase in demand and lead to a smaller price increase. On the other hand, if the supply of beef is inelastic, an increase in demand may result in a larger price increase, as suppliers are not able to quickly increase production to meet the increased demand. Finally, the availability of alternative products, such as pork and turkey, will also play a role in determining the effect of higher chicken prices on the price and quantity purchased of beef. If consumers have many alternative options, they may be less likely to switch to beef, and the increase in demand for beef may be smaller, leading to a smaller price increase.
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True or False. Scope, cultural influence, and market practices are considerable operational differences of global businesses from that of domestic businesses.
Scope, cultural influence, and market practices are considerable operational differences between global businesses from that of domestic businesses are False.
The amount to which an organization can employ the same processes and products in other nations is commonly referred to as global integration.
As old markets become saturated and new ones must be established, many enterprises have lost all confidence in sales in the global market.
Global integration:
The methodology by which an organization merges many international footprints so that they run in accordance with the same rules, etc.
The procedures of quality assurance and centralizing technological advancement may be a component of international integration.
To avoid disease causing significant starvation and death, together with economic contraction disproportionately damaging the most vulnerable, global concerns demand coordinated global solutions.
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do perfectly competitive firms satisfy the condition of allocative efficiency?
Long-run equilibrium in flawlessly competitive markets meets important situations: allocative performance and efficient.
A marketplace is any location where or more activities can meet to interact in a monetary transaction—even those that don't contain prison gentleness. A marketplace transaction may additionally additionally incorporate goods, services, facts, forex, or any combination of these that bypass from one celebration to some other.
In elegant, the feature of a market is to gather products from scattered resources and channel them to scattered shops. From the thing of view of the seller, dealers channel the decision for their product; from the factor of view of the purchaser, they carry factors within his gain. A marketplace is an area in which consumers and sellers can meet to facilitate the exchange or transaction of goods and services. different examples encompass unlawful markets, public sale markets, and economic markets.
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Which of the following are external users of the company financial statments? (check all that apply)a. stockholdersb. securities and exchange commission (sec)c. creditorsd. the company management team
External consumers of the company's financial statements include the Securities and Exchange Commission (sec).
Who are the financial statements' external users supposed to speak for?External users are people who use accounting information but are not affiliated with the corporate body (organization). A supplier, bank, client, potential investor, tax official, or investor are a few examples of external users.
What financial reports must publicly traded corporations file with the SEC?Your company must routinely file Form 10-K annual reports and Form 10-Q quarterly reports, both in accordance with SEC regulations, as required by the SEC. Many of the same information about the company that is needed for these reports must also be included in a registration statement for a public offering.
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A trading advantage allows countries to:
O buy goods at any price.
O obtain goods they don't have in exchange for goods they do produce.
O buy goods for a lower price
extend their borders.
A trading advantage allows countries to obtain goods they don't have in exchange for goods they do produce.
Option B is correct.
What is an advantage in trading?Leading trading education provider Trading Advantage empowers traders to achieve their financial objectives. Larry Levin laid out Exchanging Advantage to satisfy his long lasting vision to endeavor to train the world to exchange and to effectively supply them with the apparatuses to make it happen.
What are trade's advantages and disadvantages?The World Bank asserts that economies that trade more broadly grow at a faster rate, are more innovative, productive, and wealthy. Furthermore, exchange normally helps lower-pay families by expanding rivalry on the lookout and assisting with keeping costs lower.
Therefore, the correct option is b. obtain goods they don't have in exchange for goods they do produce.
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Complete question is:
A trading advantage allows countries to:
a. buy goods at any price.
b. obtain goods they don't have in exchange for goods they do produce.
c. buy goods for a lower price.
d. extend their borders.
kindle fire prevention corp has a profit margin of 4.6 total asset turnover of 2.3 and roe of 19.14 what is this firm's debt to equity ratio hint debt to equity equity multiplier 1
As per the given details in the question
Equity Multiplier: 19.14% = 4.6% 2.3 EM 1.81
Debt to Equity Ratio: 1.81 - 1 = 0.81
To calculate the debt to equity ratio, we first need to calculate the equity multiplier, which is calculated as the ratio of total assets to equity. The formula for the equity multiplier is:
Equity Multiplier = Total Assets / Equity
We can estimate the equity by using the ROE (Return on Equity) formula:
ROE = Net Income / Equity
So, substituting the ROE and profit margin into the ROE formula:
19.14% = (Net Income / Equity) / Equity
Multiplying both sides by Equity:
19.14% * Equity = Net Income
And substituting the profit margin into the formula for Net Income:
9.14% * Equity = 4.6% * Sales
Dividing both sides by the profit margin:
19.14% * Equity / 4.6% = Sales
And substituting the total asset turnover into the formula for Sales:
19.14% * Equity / 4.6% = Total Assets / 2.3
So, multiplying both sides by 2.3:
19.14% * Equity / 4.6% * 2.3 = Total Assets
And finally, dividing both sides by Equity:
Equity Multiplier = Total Assets / Equity = (19.14% * Equity / 4.6% * 2.3) / Equity
So, the debt to equity ratio is calculated as:
Debt to Equity = Equity Multiplier - 1
Note that this calculation is based on estimates and assumptions and the actual debt to equity ratio may be different.
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If you were to watch a television commercial for a new automobile, and not notice it had dual airbags, side impact bars, and antilock brakes, but you did notice that it had a high-performance engine that could take it to high speeds as indicated in the film footage, this would be an example of _____ perception.
If you were to watch a television commercial for a new automobile you did notice that it had a high-performance engine that could take it to high speeds as indicated in the film footage, this would be an example of selective perception.
Selective perception would be demonstrated if you watched a television commercial for a new car and focused just on the high-performance engine. According to their own interests, aspirations, experiences, and prejudices, people often perceive some parts of a stimulus while ignoring others. This phenomenon is known as selective perception. In this case, the high-performance engine caught the viewer's eye while antilock brakes, side impact bars, and other safety measures went unnoticed. Selective perception is the propensity to ignore and forget more rapidly things that are upsetting emotionally or go against our preconceived notions. Because of their bias towards members of their own group, teachers, for instance, could have a favourite pupil. The instructor disregards the student's subpar performance.
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In the context of forecasting sales using an A-T-A-R model, which of the following methods can be used if the data availability is inaccurate? A. A what-if analysis B. A diffusion analysis C. A regression analysis D. A correlation analysis
The A-T-A-R (Attitude-Tendency-Action-Result) model is used to forecast sales by predicting customer behavior based on their attitudes, tendencies, and past actions. Here option A and C are the correct answer.
In the case of inaccurate data availability, a what-if analysis (option A) can be used to determine the potential impact of different scenarios on the forecasted sales.
This method allows the analyst to make assumptions about different variables and see how they would impact the forecast. Another option could be a regression analysis (option C), which uses historical data to model the relationship between a dependent variable (sales) and independent variables (e.g. customer behavior, market trends, etc.).
In both cases, the goal is to make the best use of available data to create an accurate forecast.
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when competitive advantage is assessed from an analysis of publicly available data, a firm measures its
When competitive advantage is assessed from an analysis of publicly available data, a firm measures its accounting profitability .
What is accounting profitability ?
A company's net income, or total revenue less explicit costs, is known as accounting profit, often referred to as financial profit or bookkeeping profit.
An organization's performance is evaluated by accounting profit, which is also used to examine competitors' financial positions. A person's accounting profit, for instance, would be $20,000 if they invested $100,000 to start a firm and made $120,000 in profit.
What justifies accounting's emphasis on profitability?
The company won't last very long without profitability. Therefore, it is crucial to assess past and present profitability as well as estimate future profitability. Income and expenses are used to gauge profitability. Money made from a business's operations is known as income.
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The following data set provides bitcoin transactions throughout 2016 and 2017
Caluculate the average number of transactions conducted during April 2017 and May 2017. Which of the following statements are true? Select all that apply.
The correct answer is 13 days between 300,000 and 349,000 transactions occurred in May 2017. 9 days in April 2017 had 300,000 to 349,000 transactions.
The ratio (fraction or proportion) of the number of times a data value appears in the set of all outcomes to the total number of outcomes is known as the relative frequency. The relative frequency is calculated by dividing each frequency by the total number of data values. Therefore, the frequency is calculated by multiplying the relative frequency by the total number of data values. Four times the data value 2 is present. (iii) There were 90 commercial banks in 1969. There were 150 commercial banks in 1980. As a result, the ratio of commercial banks in 1969 to those in 1980 is 90 to 150, or 3 to 5.
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When a firm provides a specialized product or service for a narrow target market better than competitors, they are using a:A. product differentiation strategyB. market niche strategyC. mass customization strategyD. process efficiency strategy
The correct option is B. Businesses appoint a market area of interest method to offer specialized goods or services to a particular target marketplace more efficaciously than their competition.
Earthquakes have significant economic impacts that can disrupt industries, commerce, and infrastructure. Earthquakes can cause damage to buildings, bridges, and roads leading to loss of productivity and high repair costs. The destruction of homes, businesses, and public facilities often leads to an increase in the demand for goods and services such as building materials, construction, and medical care. This can create job opportunities and boost the local economy.
On the other hand, it can also cause inflation due to increased demand and shortage of supply. Earthquakes can also have long-term economic impacts, such as loss of tourism and foreign investment. Moreover, the aftermath of the earthquake can lead to political instability and social unrest which further hampers economic growth. Earthquakes demonstrate the need for effective disaster management policies to minimize economic losses and promote rapid recovery.
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Sometimes situations dictate that a project must be chosen regardless of any other considerations such as strategic fit, profitability or probability of success.
The given statement "Sometimes situations dictate that a project must be chosen regardless of any other considerations such as strategic fit, profitability or probability of success" is true.
This is because in some cases, external circumstances or unexpected events can force an organization to make a decision to undertake a project that may not be the best fit in terms of strategy, profitability, or probability of success.
For example, a project may be chosen to meet regulatory requirements, respond to a crisis, or take advantage of a once-in-a-lifetime opportunity. In such situations, the organization may have to prioritize the needs of the moment over long-term goals or financial considerations.
This can be a difficult decision to make, but it is a reality of business and project management. It is important for organizations to be flexible and adaptable in such situations, and to be prepared to make difficult decisions when necessary to ensure their continued success.
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Sometimes situations dictate that a project must be chosen regardless of any other considerations such as strategic fit, profitability or probability of success.True or false?
For a company that uses the perpetual inventory system, a physical count of the inventory can reveal the amount of inventory shrinkage the company has experienced. True or False
A measurement of inventory can demonstrate the quantity of inventory reduction witnessed by a firm that employs the permanent system of inventory. This is correct.
The primary source of revenue for a merchandising company is the sale of products to clients.
The intention of recognized in the financial assertions is to allow for evaluations among both businesses of various sizes and historical periods.
The profile debited for shipping costs on goods receipt first from vendor in a periodic system is known as road transport.
A cash discount, a buyer's sales price reduction, or a buyer's acquisition discount is a discount offered to motivate cash service.
Merchandise inventory refers to the amount of goods racked up to convey when purchases are made.
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What effect does unemployment have on society as a whole?
Unemployment can have a significant impact on society as a whole. It can lead to decreased economic activity, reduced consumer spending, and increased poverty. This, in turn, can result in decreased tax revenue for governments, which can result in cuts to social programs and services. Additionally, high levels of unemployment can lead to increased crime rates and decreased overall morale in the population. Moreover, long-term unemployment can cause skills to atrophy, which can lead to a reduction in workers' future earning potential.
A nonprofit organization typically collects it receivables in 25 days, and stretches its payables to 34
days. Assume a receivable and payable, each $15,000, are booked on the same day, and the
organization will immediately invest the funds when received. If the organization can invest at 7%, how
much interest will the organization earn before the payable due date? Assume 360-day year.
The interest payable by the company at the due date will be $7600 in the cash conversion cycle.
What is cash conversion cycle?A measure of how long it takes a business to turn its inventory investments into cash is called the Cash Conversion Cycle (CCC). The conversion cycle formula calculates the number of days it takes a business to convert its inputs of resources into cash. The cash conversion cycle, sometimes referred to as the net operating cycle or cash cycle, gauges how long it takes a business to cash out its inventory. The cash cycle calculates how long it takes a business to turn each dollar of net input used in product manufacturing and sales into money that is deposited into their bank account.
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which of the following issues would likely be of interest to an ergonomics researcher? (select all that apply.)
Research in the area of ergonomics considers the context of work more than the work itself. Design of the work space and level of lighting in the work space would likely be of interest to an ergonomics researcher.
Ergonomics (the scientific study of people at work) seeks to prevent soft tissue injuries and musculoskeletal diseases (MSDs) caused by rapid or continuous exposure to stress, vibration, repetitive motion, and uncomfortable posture.
NIOSH ergonomists and industrial hygienists propose designing jobs, work areas, controls, displays, tools, lighting, and equipment to meet employees' physical capabilities and limits in order to produce an ergonomically sound work environment.
Ergonomists ensure that product, task, and work method design is consistent with human performance.
They assess human and machine systems by observing, measuring, and rating how individuals interact with one another, as well as with their equipment and workspaces. This is done to increase safety, efficiency, and well-being.
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Correct equation:
Research in the area of ergonomics considers the context of work more than the work itself. Which of the issues would likely be of interest to an ergonomics researcher?