$2,600 is the break-even sales (units) .
What is a sale that breaks even?
The quantity of revenue at which a business makes no profit is known as break even sales. This sales figure fully covers all of the variable expenses related to the sales as well as the underlying fixed expenses of a business.
The company has to make $2.7 million in sales to offset its fixed and variable costs in this example of breakeven point. The business will be profitable if it results in greater sales.
What distinguishes total sales from break-even sales?
The margin of safety is the differential between actual sales and sales needed to break even.
Break-even sales (units) = Fixed cost/(Selling price - Variable costs per unit)
Break-even sales (units) = $46,800/($42 - $24)
Break-even sales (units) = 2,600
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FILL IN THE BLANK. when labor costs are incurred, _________ labor costs are added directly to the work in process account.
when labor costs are incurred, only direct labor costs are added directly to the work in process account.
An element of the wage bill or payroll known as direct labor cost can be specifically and regularly ascribed to or related with the production of a good, a specific job order, or the delivery of a service. Additionally, we might say that it is the price of the labor performed by those employees who actually create the product on the assembly line. The cost of production includes the direct labor expense. To calculate the direct labor cost using the following formula, we need to know the job time and the wage we will pay the employee:
Job time multiplied by salary equals direct labor cost.
labor cost= job time x salary
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The weighted average unit contribution margin ______. A. Is used instead of the single product contribution margin in multi-product break-even analysis b. Assumes that the percentage of each product sold is constant is based on the relative percentage of each unit sold c. Is calculated by adding up the per unit contribution margin for each product and dividing d. By the number of products Confidence Level
The weighted average unit contribution margin assumes that the percentage of each product sold is constant.
The weighted average unit contribution margin assumes that the percentage of each product sold is constant; is used instead of the single product contribution margin in multi-product breakeven analysis; is based on the relative percentage of each unit sold.
The average amount that a collection of goods or services contributes toward reducing a company's fixed expenses is known as the weighted average contribution margin. The idea is a fundamental part of breakeven analysis, which projects profit levels for varying sales volumes.
The unit sales for each product line must simply be added together to create the WACM. Add the totals after dividing the contribution margin per unit for each product by the quantity sold. Subtract the amount of all individual contribution margins from the overall unit sales.
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suppose there are three individuals, boris, maggie, and william. they are using majorify rule to decide among themselves whether to go hiking in the wiiderness this weekend (h), kayaking in the river (k), or birdwatching, looking for rare dodos (d). boris likes hiking best and dodo watching worst; maggie likes dodos best and kayaking worst; william likes kayaking best and hiking worst. unfortunately, they must all do the same activity (for insurance reasons). they vote on alternatives pairwise (e.g., h vs. k; then the winner against d, etc.). which choice will emerge as the grolrp's choice? can you help them with their choice
Hiking won two out of three rounds It will emerge as the group's choice for this weekend. All three individuals must go hiking in the wilderness.
Determine the choice using the majority rule.
To determine the group's choice, we can use the majority rule to compare the alternatives pairwise.
First, we compare hiking (h) and kayaking (k). Let's assume that Boris and Maggie both prefer hiking, while William prefers kayaking. Since two out of three individuals prefer hiking, hiking wins this round.
Next, we compare hiking (h) and birdwatching for dodos (d). Let's assume that Boris and William both prefer hiking, while Maggie prefers birdwatching. Again, hiking wins this round with two out of three individuals preferring it.
Finally, we compare kayaking (k) and birdwatching for dodos (d). Let's assume that Maggie and William both prefer kayaking, while Boris prefers birdwatching. In this round, kayaking wins with two out of three individuals preferring it.
Hence the answer is since hiking won two out of three rounds, it will emerge as the group's choice for this weekend. All three individuals must go hiking in the wilderness.
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Walking won two of the three contests. The group will ultimately decide on it for this weekend. They must all hike in the bush together. Use the majority rule to determine the choice.
What exactly is hiking?Hiking is a moderately challenging exercise that entails travelling over long distances, usually on trails or routes. The activity can range in length from brief half-day programmes to larger excursions lasting over 20 days.
Which is better, trekking or hiking?Trekking is defined as a "journey," which is often something that is more difficult, involves more effort, and tends to take more than one day. In contrast to hiking, which incorporates the word "walk," which is typically considered as humorous, easy, and enjoyable, trekking is characterised as a "journey."
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cells differentiate and become specialized in unicellular organisms. true or false?
It is true that cells differentiate and become specialized in the unicellular organisms.
What is a cell?The cell is the fundamental structural and functional unit of all living things. A range of macromolecules, such as proteins, DNA, and RNA, as well as numerous tiny molecules that are nutrients and metabolites, are found in the cytoplasm of each cell, which is encircled by a membrane. Protein synthesis, DNA repair, replication, and motility are just a few of the tasks that cells can carry out internally in addition to developing specialized functions. Cells can migrate around and specialize within cell. Most cells are measured in micrometers due to their tiny size. The electron microscope's resolution reveals a very intricate cell structure. Unicellular and multicellular creatures make up the two categories. The most prevalent kind of unicellular organisms are microorganisms.
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you are managing the execution of project work on a job site to convert an old hospital to a new medical center for a customer. one of the contracted electricians has discovered the electrical wiring does not meet current wiring standards. you analyze the situation and discuss options with the project team members including the contractor. the best option in this situation is to replace the wiring. to ensure the project stays on schedule, the contractor will need to bring in four additional electricians. the cost for rewiring with additional help is $10,000. after documenting the issue in the issue log, you need to bring it to the attention of the customer. what should do first? answers a. check the communications management plan b. set aside time to meet with the customer c. call the customer on the phone d. refer to the stakeholder register
The supply of dollars increases and the value of the dollar decreases as net capital outflows from the United States increase.
There is a foreign exchange market, right?The foreign exchange market, sometimes known as the forex market, is where currencies are traded. Every day, trillions of dollars are exchanged on the currency market, the largest financial market in the world. The amount of liquidity is the highest across all financial markets.
What is the name of the exchange market for currencies?Forex The foreign exchange market, often known as the forex market or FX market, is a global exchange market for national currencies. Due to their worldwide nature, the forex markets often rank as the largest and most liquid asset markets in the world.
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what would happen if you bought a house and later found out that there were unpaid liens against the property?
If you purchase a house and later discover that there are unpaid liens against the property, it can have significant consequences for you as the new owner.
Here are a few possible scenarios:
Collection of the lien amount: The holder of the lien may seek to collect the amount owed from you as the new owner of the property. This can result in a reduction in your equity in the property and may require you to pay a substantial sum of money.Foreclosure: If the lien is a mortgage or tax lien, the holder of the lien may seek to foreclose on the property to collect the amount owed. This could result in the loss of your home and all the money you have invested in it.Title issues: Unpaid liens can create title issues, making it difficult for you to sell the property or use it as collateral for a loan in the future.Legal action: The holder of the lien may take legal action against you to collect the amount owed. This could result in wage garnishment, bank account seizure, or other forms of legal enforcement.It is important to thoroughly research the property before purchasing it and to have a title search conducted to identify any existing liens or other title issues. If you are in the process of buying a property and discover that there are unpaid liens against it, it is advisable to consult with a real estate attorney to determine your rights and options.
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Question:
Management is needed in all types and sizes of organizations, at all organizational levels and in all organizational work areas, and in all organizations, no matter where they are located. This principle is known as the ________
.
A) impartiality of management
B) neutrality of management
C) universality of management
D) reality of management
The principle in which management is needed in all types and size of organization is known as universality of management .
Management is needed in all types and sizes of organizations, at all organizational levels and in all organizational work areas, and in all organizations, no matter where they are located. This principle is known as the universality of management .
Universality of management means that the principles of management are applicable to all types of organizations and organizational levels.
It indicates that management is common in content and can be applied to all forms of organizations. So, an industrial manager can manage a charitable organization, a retired army officer can manage a hospital, a civil servant can manage an industrial company, and so on.
Universality of a principle or law means that it is applicable to all members of a specified class. For example, the law that 'all humans are animals' is universal because it states that all members of a certain class, humans, are of a certain description, animalistic.
"Universality greatly enhances the lives of all human beings everywhere and advances equality, dignity and rights, including cultural rights, and will continue to do so in this twenty-first century and beyond, if fully implemented, nourished and revitalized," says.
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This information relates to Grouper Real Estate Agency.
Oct. 1 Stockholders invest $30,960 in exchange for common stock of the corporation.
2 Hires an administrative assistant at an annual salary of $39,960.
3 Buys office furniture for $3,630, on account.
6 Sells a house and lot for E. C. Roads; commissions due from Roads, $11,130 (not paid by Roads at this time).
10 Receives cash of $230 as commission for acting as rental agent renting an apartment.
27 Pays $640 on account for the office furniture purchased on October 3.
30 Pays the administrative assistant $3,330 in salary for October.
Required:
Journalize the transactions
These are the journal entries:
1. Dr Cash A/c $30,960
To $30,960 in Common Stock A/C
(Given that the money is invested in return for common stock.)
2. No diary entry is necessary
3. Office equipment Dr. $3,630
$3,630 to Account Payable A/C
(Since the office furnishings was paid for with account funds.)
4. Receivables account balance: $11,130
$11,130 in revenue for service
Given that the products are sold on credit
5. Cash Account Dr. $230
$230 to Service Revenue Account
(It is noted that cash was received.)
6. Dr. Account Payable $640
$640 to Cash A/C
(Once the payment has been made)
7. Dr. $3,330 in salaries and other costs
$3,330 to Cash Account
Since salaries are paid in cash.
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Though _________is less statictically sophisticated than maragcment science, it is still categorized with the quantatave: managcrnent perspective.
Though Operations Research is less statistically sophisticated than management science, it is still categorized with the quantitative: management perspective.
Operations Research is less statistically sophisticated than Management Science, but it is still considered to be a quantitative management perspective, it is an interdisciplinary field that uses analytical techniques such as mathematical optimization, simulation, and statistics to create better decision-making processes.It is used to solve complex decision problems, including resource allocation, supply chain optimization, and budget allocation.
it is used to evaluate and solve decision problems in various fields, including finance, operations, marketing, and human resources. It focuses on the development of mathematical models and algorithms to analyze and optimize a decision problem. It uses analytical techniques such as operations research, linear programming, queuing theory, simulation, and game theory to find the best solution to a decision problem.
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Though _________is less statistically sophisticated than management science, it is still categorized with the quantitative: management perspective.
The concept behind PDCA is:The Deming/Shewhart cycle.Process flowContinual improvementSatisfying suppliers.
Continuous improvement this the principle behind PDCA cycle.
Use the PDCA cycle when
Starting a new enhancement design
Developing a new or advanced design of a process, product, or service
Defining a repetitious work process
Planning data collection and analysis in order to corroborate and prioritize problems or root causes
enforcing any change
Working toward nonstop enhancement
The Plan- do- check- act Procedure
Plan Fete an occasion and plan a change.
Do Test the change. Carry out a small- scale study.
Check Review the test, dissect the results, and identify what you ’ve learned.
Act Take action grounded on what you learned in the studystep.However, go through the cycle again with a different plan, If the change didn'twork.However, incorporate what you learned from the test into wider changes, If you were successful. Use what you learned to plan new advancements, beginning the cycle again.
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Sales on account in Year 2 amounted to $1,270 and the cost of goods sold was $770. The average collection period for Year 2 is closest to:
0.9 days 38.8 days 40.2 days 1.1 days
The average collection period for Year 2 is closest to 1 day, or 1.1 days.
The average collection period can be calculated using the formula:
Average Collection Period = 365 days / (Sales on Account / Average Accounts Receivable)
Since we do not have information on the average accounts receivable, we can use the following formula to estimate it:
Average Accounts Receivable = Sales on Account / 365 days * Average Collection Period
Substituting the values we have:
Average Accounts Receivable = $1,270 / 365 days * Average Collection Period
$1,270 = $1,270 / 365 days * Average Collection Period
365 days = 365 days * Average Collection Period
Average Collection Period = 365 days / 365 days = 1 day
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What is the best way to minimize fraud expense within an organization?
a. Effective early detection of fraud.
b. Effective investigation of fraudulent behavior.
c. Effective prevention of fraud.
d. Effective research of fraud.
The best way to minimize the cost of fraud within an organization is to implement effective prevention of fraud. This may include establishing internal controls such as segregation of duties and monitoring of employee activity.
In addition, it is important to educate employees on fraud prevention methods and conduct fraud awareness training. This will make employees better informed about the types of fraud that can occur and how to detect and prevent it. Organizations should also have procedures in place to report suspected fraud and investigate any suspicious activity. By taking these steps, organizations can minimize the potential for fraud and ultimately the associated costs of fraud.
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When raw materials are purchased, the work in process inventory account is debited.TrueFalse
No, when raw materials are bought, the inventory account for work in progress is not deducted. The claim is untrue.
In a job order cost system, the acquisition of raw materials ought to be documented as a debit to the inventory account for raw materials. When raw materials are bought, the raw materials account goes up, and when raw materials are distributed to the production process, it goes down. The value of the raw materials already in stock is reflected in its balance. Instead of when materials are bought, the work-in-process inventory account is debited when materials are requested for a job.
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i have 3 one dollar bills, 2 five dollar bills and 5 ten dollar bills. how many ways can i distribute these 10 bills to 10 children so that each child gets one bill? treat the bills of equal value as indistinguishable please.
This is a combinatorics problem, specifically a problem of counting permutations.
In this case, we are looking for the number of ways to distribute 10 indistinguishable bills among 10 children, with each child receiving exactly one bill.
We can approach this problem using the multiplication principle of counting. First, we can choose any of the 10 bills to give to the first child, then any of the remaining 9 bills to give to the second child, then any of the remaining 8 bills to give to the third child, and so on.
The total number of ways to distribute the bills is given by:
10 * 9 * 8 * 7 * 6 * 5 * 4 * 3 * 2 * 1 = 3628800
So, there are 3628800 different ways to distribute the 10 bills among the 10 children so that each child receives exactly one bill, treating the bills of equal value as indistinguishable.
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What are countries that borrow from the IMF required to do?
IMF Terms February 22, 2021 When a country borrows from the IMF, its government agrees to adjust its economic policies to address the problems that led it to seek financial assistance. These policy adjustments are a condition for IMF loans and serve to ensure that countries will be able to repay the IMF.
The IMF or International Monetary Fund is an international financial institution within the United Nations system. The IMF's goal is to improve the living standards of its member countries with a focus on macroeconomic issues. The IMF was founded on December 27, 1945, which handled 44 countries. Source of finance: Member country quotas are the main source of IMF finance. Member quotas reflect a country's size and position in the world economy.
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goal setting can be motivating, especially if the individual employeea. will receive a monetary reward for accomplishing the goals.b.feels the goal is very easy to achieve.c. has already accomplished similar goals. d. helps to set the goals. e. None of these is correct.
(D). Helps to set the goals. For some people, this can be a motivator, but it's not the only thing that makes establishing goals motivating.
One of the most popular theories of motivation is goal-setting theory. Goals should be SMART in order to inspire personnel (specific, measurable, aggressive, realistic, and time-bound). Employees are motivated by SMART objectives because they enliven behaviour, give it direction, present a challenge, push them to think creatively, and come up with new and creative ways to perform. When employees receive feedback on their successes, have the capacity to perform, and are dedicated to objectives, goals are more successful in motivating them. Poorly formulated objectives have the drawbacks of impeding learning, hindering flexibility, generating a single-minded pursuit of objectives at the expense of other pursuits, and promoting unethical behaviour.
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Activity: Critical Thinking Questions
1. Research is clear that charismatic power is the most impactful for a manager. Make your case for which of the other four is most useful.
2. The manager needs to create a safe environment and build credibility to get team members to follow them. What else should they do to elicit followership?
3. How can the leading function of management be leveraged within the context of Corporate Social Responsibility?
How to Answer the Critical Thinking Questions
For each of these answers you should provide three elements:
1. General Answer: Give a general response to what the question is asking or make you arguments to what the question is asking.
2. Outside Resource/s: Provide a quotation from a source outside of this textbook. This can be an academic article, news story, or popular press. This should be something that supports your argument. Use the sandwich technique explained below and cite your source in APA in text and then a list of full-text citations at the end of the homework assignment of all three sources used.
3. Personal Story: Provide a personal story that illustrates the point as well. This should be a personal experience you had, and not a hypothetical. Talk about a time from your personal, professional, family, or school life. Use the sandwich technique for this as well, which is explained below.
SANDWICH TECHNIQUE
Step 1: Provide a sentence that sets up your outside resource by answering who, what, when, or where this source is referring to.
Step 2: Provide the quoted material or story.
Step 3: Tell the reader why this is relevant to the argument you are making.
Please answer ALL and follow the instructions. Nonsense answer = Report
1. The most useful power for a manager depends on various factors, such as the specific situation, goals, and the personality and preferences of the manager.
2. To elicit followership, a manager should also:
Lead by example and demonstrate ethical and moral behaviorCommunicate a clear vision and set of goals for the teamProvide opportunities for growth and development for team membersFoster a positive and inclusive team cultureEmpower and delegate responsibilities to team members effectively3. The leading function of management can be leveraged within the context of Corporate Social Responsibility by:
Communicating and implementing the organization's CSR goals and policies throughout the teamEncouraging and supporting team members to engage in CSR initiatives and volunteer workIntegrating CSR into the team's day-to-day operations and decision-making processesMeasuring and reporting on the team's impact and progress towards CSR goals.What is Corporate social responsibility?Corporate social responsibility is a type of international private business self-regulation that tries to support philanthropic, activist, or charitable societal goals by participating in or promoting volunteer work or morally upstanding behaviors.
Corporate social responsibility is a corporate strategy that involves a company's monitoring and assurance of compliance with legal, ethical, environmental, societal, national, and international norms.
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The Product Owner manages the Product Backlog. Who is accountable for estimating the effort to complete the Product Backlog items?a)The Development Team. As a collective, they have a complete view of the work needed to transform Product Backlog items into Increments of product.b)The PMO. They have all the history on projects delivered, and this enables the IT department to make delivery commitments.c)The Product Owner. The Product Owner is required to commit on delivery to the users and the stakeholders.
Option a is correct. The Product Owner manages the Product Backlog. The development team is responsible for estimating the effort required to complete the product backlog items.
Collectively, they have a complete view of the work required to transform a Product Backlog item into a Product Increment. The Product Owner is responsible for maximizing the value of the product and the work of the development team. Only the Product Owner is responsible for managing the Product Backlog. For most teams, the Sprint Backlog is a shared responsibility. The Scrum Master, Product Owner, and Development Team should work together to plan the Sprint so that the associated tasks have a realistic timeline for development.
As a product owner, you are responsible for product backlog management to maximize the value of your product. The Product Backlog is the single source of truth for all the work that needs to be done in the product.
The team estimates the effort required for each product backlog item. The Product Owner estimates business value. Use both estimates to prioritize your backlog. Dramatically improve your team's performance by simply creating an ordered list of all the tasks to be completed.
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fegley, incorporated, has an issue of preferred stock outstanding that pays a $3.15 dividend every year in perpetuity. if this issue currently sells for $92 per share, what is the required return
fegley, incorporated, has an issue of preferred stock outstanding that pays a $3.15 dividend every year in perpetuity.
if this issue currently sells for $92 per share so The required price of return (RRR) is the minimal amount of income (return) an investor will are seeking or get hold of for assuming the danger of investing in a stock or another kind of security.
RRR is additionally used to calculate how profitable a assignment might be relative to the cost of funding that project.
What is an instance of required price of return?Required Rate of Return for Investments
For example, if an investor has his money in a savings account incomes 5% annual interest, and he is thinking about investing in a safe treasury bond, then he would possibly say the return on belongings for such an funding is 5%.
To make this calculation, notice this formula: Required Rate of Return = Risk - Free Rate + Beta or hazard introduced to the portfolio (expected return on funding minus nontoxic rate).
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https://brainly.com/question/24301559#SPJ4which of the following would be most likely to occur in the year after congress, in an effort to increase tax revenue, passed legislation that forced companies to depreciate equipment over longer lives? assume that sales, other operating costs, and tax rates are not affected, and assume that the same depreciation method is used for tax and stockholder reporting purposes.
The annual total amount of depreciation stated as a percentage is the depreciation rate and the cash positions of the companies would decrease in the situation.
What is depreciate?Depreciation is a term used in accounting to describe two different aspects of the same idea: first, the actual decline in fair value of an asset, such as the annual decline in value of factory equipment due to use and wear, and second, the allocation in accounting statements of the asset's initial cost to the periods in which it is used (depreciation with the matching principle).
The depreciation rate is the annual total amount of depreciation expressed as a percentage.
When the annual depreciation was $15,000 and the total depreciation throughout the asset's anticipated lifespan was $100,000, as an illustration,
This indicates that the annual rate would be 15%.
Therefore, the cash positions of the companies would decrease in the situation.
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what is the full economic price?
The full economic price is the total cost of a product or service that includes both the direct and indirect costs associated with it.
The full economic price is also known as the full cost. The full economic price takes into account all of the costs associated with the production of a product or service, including the direct and indirect costs, as well as the costs associated with externalities such as environmental degradation or social impacts.
Direct costs are those that can be directly traced to the production of the product or service, such as raw materials, labor, and overhead. Indirect costs, on the other hand, are those that cannot be directly traced to the product or service, but are necessary for its production, such as indirect labor, indirect materials, and indirect overhead.
By considering the full economic price, businesses and policymakers can make more informed decisions about the true costs and benefits of a product or service.
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2. according to ehrenreich, why are want ads not a "reliable measure of the actual jobs available at any particular time"?
In her research, Ehrenreich found that the number of job advertisements listed in want ads often does not accurately reflect the actual number of jobs available. This is because many employers do not advertise all of their job openings, instead relying on networks of friends, family, and acquaintances to find new hires.
Ehrenreich is a well-known sociologist and journalist who has studied the relationship between work and poverty in the United States. According to Ehrenreich, want ads, or classified advertisements for jobs, are not a reliable measure of the actual jobs available at any particular time.
In addition, Ehrenreich found that many want ads are misleading or inaccurate. For example, some job advertisements may describe a job as full-time when it is actually part-time, or may list requirements that are not actually necessary for the job.
Furthermore, Ehrenreich argues that want ads can be biased and discriminatory, with certain types of jobs being listed only in certain newspapers or classifieds, and with certain qualifications or demographics being overrepresented or underrepresented in the advertisements.
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how should someone work to build or improve their credit?
Credit scores are calculated utilizing the information found in your credit reports. It's a common fantasy that you have only one credit score. In reality, credit scores can vary contingent upon the scoring model used to calculate them.
How would you further develop your credit score?
Review your credit reports. While hoping to further develop your credit score, a decent initial step is to review your credit reports from all three of the nationwide consumer revealing agencies.
Pay on schedule. One of the best things you can do to further develop your credit score is to pay your debts on schedule and in full whenever the situation allows.
Keep your credit utilization rate low. As mentioned above, it's typically best to keep your credit utilization rate at or below 30%.
Limit applying for new accounts. Applying for new credit extensions will usually lead to a hard request, which can negatively affect your credit score.
Keep old accounts open. While attempting to increase your score, avoid shutting any old accounts that have been paid off, regardless of whether you never again use them.
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what is (are) used in activity-based absorption costing to assign overhead costs to products?
Activity-based absorption costing is a method of assigning overhead costs to products that uses cost drivers. Cost drivers are activities that cause overhead costs to arise.
For example, the number of jobs received, the number of machine setups, or the number of inspections can all be cost factors. When using activity-based absorption costing, each cost factor is assigned an overhead cost. These overhead costs are then assigned to the product based on the cost driver volume. Activity-based absorption costing provides a more accurate cost allocation than traditional absorption costing because it considers the number of activities that occur during production rather than just total overhead costs.
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what does carnegie see as the most important benefits of capitalism and mass production
Carnegie believed that capitalism provided a number of important benefits, including increased efficiency, innovation, and economic growth. He argued that the competition inherent in a capitalist system encouraged businesses to improve their operations, find new and better ways of doing things, and lower costs.
This, in turn, led to greater efficiency and increased productivity, which ultimately benefited consumers by lowering prices and improving the quality of goods and services.
Andrew Carnegie, a prominent American industrialist and philanthropist of the 19th and early 20th centuries, was a strong advocate of capitalism and mass production. He saw these economic systems as key drivers of economic growth and prosperity.
Mass production, according to Carnegie, was a key component of capitalism that allowed for the efficient and cost-effective production of goods on a large scale. He saw this as a critical factor in reducing the cost of living and making goods and services more accessible to a wider range of people.
Carnegie also believed that capitalism and mass production had the potential to reduce poverty and improve the standard of living for people at all economic levels. He argued that as businesses grew and prospered, they would create jobs and opportunities for people, leading to increased wealth and prosperity for society as a whole.
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Which one of these is a disadvantage of the corporate form of business?A) Access to capitalB) Unlimited personal liability for ownersC) Limited firm lifeD) Legal requirements
Limited firm life ne of these is a disadvantage of the corporate form of business. A corporation has the disadvantages of being time-consuming and subject to double taxation, as well as having rigid formalities and protocols to follow.
This article is intended for entrepreneurs who are determining their business structure and whether forming a corporate makes sense for them. The disadvantages of incorporating are: the initial cost, the extensive paperwork business, the double taxation, the two tax returns, the size, the difficulty in terminating, and the possibility of conflict with stockholders and the board of directors. The impact on public image is one of the most significant disadvantages of CSR in business.
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how did economic competition during the industrial revolution impact technological innovations?
During the Industrial Revolution, economic competition between businesses drove the need for technological innovation to increase efficiency and lower production costs. Companies that adopt new technologies and production methods are able to produce goods more quickly and at a lower cost than their competitors, giving them a significant advantage in the marketplace.
Economic competition refers to competition among businesses for market share, customers and profits. It occurs when companies try to sell similar products or services to the same customer groups and try to differentiate themselves through price, quality, or other factors. Economic competition can drive innovation and improvement as companies seek to gain an edge over their competitors and satisfy consumer needs and preferences. This can also lead to lower prices, better products and services, and increased economic growth, but can also result in reduced profits, market concentration, and negative effects on workers and the environment.
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(13. 36) Here is the distribution of the adjusted gross income (in thousands of dollars) reported on individual federal income tax returns in 2011: Income <15 15−29 30−74 75−199 ⩾200 Probability 0. 264 0. 218 0. 298 0. 186 0. 034 (a) What is the probability that a randomly chosen return shows an adjusted gross income of $30,000 or more? P(income ⩾ $ 30,000) (±0. 001) = (b) Given that a return shows an income of at least $30,000, what is the conditional probability that the income is at least $75,000? P(income ⩾ $ 75,000 | income ⩾ $ 30,000) (±0. 001) =
a) To find the probability that a randomly chosen return shows an adjusted gross income of $30,000 or more, we add up the probabilities of the income ranges that are equal to or greater than $30,000:
P(income ≥ $30,000) = P(income in [$30,000, $74,000)) + P(income in [$75,000, $199,000)) + P(income ≥ $200,000)
= 0.298 + 0.186 + 0.034
= 0.518
So, the probability that a randomly chosen return shows an adjusted gross income of $30,000 or more is 0.518.
b)Given that a return shows an income of at least$30,000 the tentative probability that the income is at least$75000 is calculated as the rate of the probability of the income being in the($75000,$199,000) range to the probability of the income being in the($30,000,$74,000) or($75,000,$199,000) or( ≥$200,000) ranges:
P(income ≥ $75,000 | income ≥ $30,000) = P(income in [$75,000, $199,000)) / (P(income in [$30,000, $74,000)) + P(income in [$75,000, $199,000)) + P(income ≥ $200,000))
= 0.186 / (0.298 + 0.186 + 0.034)
= 0.186 / 0.518
= 0.358
So, given that a return shows an income of at least $30,000, the conditional probability that the income is at least $75,000 is 0.358.
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What does specialization mean in business?
Specialization in business refers to focusing on a single product or a restricted range of products in order to become more effective.
Specialization can boost productivity and give a company or economy a competitive advantage. Employees may become less adaptable as their job specialisation increases since it tends to limit their ability to execute various forms of work inside the company that are outside of their specific area of expertise. Focusing on particular products is a strategy used in business to create a competitive edge and establish a company as a leader in its field. if you want to specialise your business.
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FILL IN THE BLANK. standard instant messaging is an example of a ______ context.
Standard instant messaging is an example of an asynchronous context.
Asynchronous communication refers to a mode of communication where the parties involved do not need to respond in real-time. This is in contrast to synchronous communication, where a real-time response is expected. Standard instant messaging is an example of asynchronous communication because the parties involved can send and receive messages at different times, rather than having to respond immediately. This allows for a more flexible and convenient form of communication, as people can respond when they have time, rather than having to be available in real-time. The asynchronous nature of instant messaging makes it an ideal tool for communication that does not require immediate response, such as exchanging information or making plans.
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