This would cause an increase in the production cost of shoes, which could affect the supply of shoes. The correct answer is: Decreases; shifts leftward.
Suppose the price of leather used to produce shoes increases. The increase in the price of leather would lead to a decrease in the profit margins for shoe producers. In response, they may reduce their production of shoes, resulting in a decrease in the quantity supplied of shoes at every price level. This decrease in supply would cause the supply curve of shoes to shift leftward, indicating that shoe producers are willing to supply fewer shoes at every price level than before. The new equilibrium price and quantity of shoes would depend on the magnitude of the increase in the price of leather and the elasticity of demand for shoes. If the demand for shoes is relatively elastic, the increase in price may cause a larger decrease in quantity demanded and a larger decrease in the equilibrium price of shoes.
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An auditor's analytical procedures have revealed that the accounts receivable of a client have doubled since the end of the prior year. However, the allowance for doubtful accounts, as a percentage of accounts receivable remained about the same. Which of the following client explanations most likely would satisfy the auditor?
A) Credit standards were liberalized in the current year.
B) Twice as many accounts receivable were written off in the prior year as compared to this year.
C) A greater percentage of accounts were currently listed in the "more than 90 days overdue" category than in the prior year.
D) The client opened a second retail outlet in the current year and its credit sales approximately equaled the older, established outlet.
The answer is option D) The client opened a second retail outlet in the current year and its credit sales approximately equaled the older, established outlet.
How does a sale work?In a sale, products or services are exchanged for cash as well as other considerations. In other words, a sale is any act that transfers ownership of a good or service to the buyer in exchange for cash.
What do corporate sales actually mean?Sales are all transactions in which money or value is exchanged in order to obtain the right to possess a good or a service. This definition applies to all company operations. A company's revenue from selling goods or services is called as sales in the context of accounting (net sales).
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Papa's Italian Joint has a promotion for $1 off any large specialty pizza. Ernie's Shop does not have any promotions that reduce the price of pizza. How does the decrease in price of Papa's Italian Joint pizza affect the demand for Ernie's Shop pizza?
In the graph below, show how demand for Ernie's Shop pizza is impacted by shifting the supply or demand curve in the appropriate direction.
The answer is A leftward shift in demand means that at any price, the quantity demanded will be lower than it was before, As Papa's Italian Joint pizza and Ernie's Shop pizza are substitutes so, the price of one substitute falls, the demand for the other will decrease or shift leftward.
What does demand mean in plain English?Demand is the consumer's intention to buy a specific good or service. Market demand is the desire for a specific good in the market. The total demand for goods and services across the economy is known as aggregate demand. The price of the commodity or service is determined by how well supply and demand match.
What is demand and how does it work?Demand Function A demand function is defined as p=f(x), p = f (x), where p represents the unit price and x represents the quantity of the commodity under consideration. A demand function is typically characterized as a decreasing function of x; that is, p=f(x), p = f (x), lowers as x grows.
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question number 1) companies such as walmart and target, which focus on lower prices and greater value, are most likely reacting to which of the following environmental forces?
As big-box stores, businesses like Walmart and Target are referred to. The huge, box-like structures that contain the stores are referred to as "big-boxes."
These shops typically carry a wide range of products, from groceries and clothing to electronics, furniture, and other items. Big-box stores often offer a wide range of goods, frequently at reduced costs, which draws in a wide range of customers. They are well-liked by clients seeking a one-stop shop since they frequently provide lower costs than smaller establishments in addition to convenience. In addition, they frequently offer a wider variety of goods than smaller shops. These businesses frequently provide a wide range of services, including delivery, pickup in-store, and online ordering. Additionally, a lot of them offer discounts, coupons, and loyalty programs, which attracts clients.
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Define equity by completing the following statement. Equity is the (creditor's/litigator's/owner's) claim on the assets of a business. In a proprietorship, this claim is reported in the (asset/equity/liability) section of a balance sheet in the (Capital/Revenue/Cash) account.
Equity is the owner's claim on the assets of a business. In a proprietorship, this claim is reported in the equity section of a balance sheet in the Capital account.
What does the term "equity" mean in finance?In finance, relative to a company's or asset's ownership interest. It represents an entity's residual value after all debts and other obligations have been paid. Equity is also referred to as "shareholders' equity" or "owners' equity" because it represents the portion of the assets owned by the entity's shareholders or owners. In the context of a business, equity is the value of the company which belongs to the owners after the debts and liabilities have been paid. It is calculated as the difference between the company's total assets and total liabilities. Equity is further subdivided into common equity and preference shares, which represent different types of company ownership interests.
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Using the financial information of ABC Co. below, compute its current ratio for the period.
$ in millions 2019
Current assets $ 520
Current liabilities $ 128
Long-term liabilities $ 250
multiple choice question. 1.38 2.08 4.06 .246
The balance sheet modern-day ratio can be located by way of dividing a company's complete modern belongings in dollar by its total modern-day liabilities in dollars.
2 Total cutting-edge property and total present day liabilities are listed on a preferred stability sheet, with cutting-edge assets generally listed first.
How do you calculate modern-day liabilities when current ratio is given?For example, your formula may also seem like this:
Current liabilities = notes payable + accounts payable + non permanent loans + gathered fees + unearned revenue + contemporary portion of long-term debts + other short-term debts.
Current ratio = modern-day assets / cutting-edge liabilities.
Current ratio tells (a range of times) whether or not a modern-day asset is sufficient enough to be used to pay off the modern-day liabilities of the entity concerned.
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https://brainly.com/question/14422337#SPJ1Fuchsia Inc., a cosmetics manufacturer, decides to change how it competes in the market. With this objective in mind, it decides to target a different market segment with its existing set of products. However, Fuchsia takes a long time to reconfigure its activities and systems to meet these changes. Which of the following is being exemplified in this case?
A)Mobility barrier
B)Product differentiation
C)Customer bias
D)Tasks disintermediation
In this case, Fuchsia Inc. is facing a mobility barrier
The scenario described in the question is an example of a mobility barrier, which refers to the difficulty that a company faces when it wants to enter or exit a market due to the high cost or complexity of changing its resources and capabilities. In this case, Fuchsia Inc. is facing a mobility barrier as it takes a long time to reconfigure its activities and systems to target a different market segment.
Product differentiation refers to the strategy of distinguishing a company's products from its competitors' products by creating unique features, designs, or brand images.
"Customer bias" can refer to a customer's tendency to prefer one brand or product over another due to prior experience, beliefs, or expectations.
Tasks disintermediation refers to the process of removing intermediaries or middlemen from a supply chain or production process to reduce costs or improve efficiency.
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An investor has a cash of $10,000,000 at disposal. He wants to invest in a bond with $1,000 nominal value and whose dirty price is equal to 107.457%. What is the number of bonds he will buy?
There will be 9,306 bonds purchased by him.
Principal is $10 million and the par value is $1,000.
The dirty price can be determined as follows:
Briefing:-Dirty Price: $1,000 multiplied by 107.457%, or $1,074.57
The number of bonds that an investor may purchase:
Principal/Dirty Price = $10,000,000/$1,074.57 = 9,306 bonds.
How much money has been put into the company?A direct financial commitment to a project made by a person or a firm, as opposed to borrowing money, is also referred to as a cash investment.
Do investors need to hold cash?It rarely pays to attempt to time the market if you're a long-term investor. Investment returns have always been hampered by cash. This is why methods like dollar-cost averaging, which delay investing a big sum, underperform generally.
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Why do we need to enclose in quotation marks the string values?
Strings are enclosed in single or double quotation marks to show the interpreter that they contain a single value. Quotes are used to represent string literals. For this reason, strings may include a single word or an entire sentence.
What are string values?A string value is nothing more than a group of characters, such as "abc." Quotes are always used around a string value.
All character kinds are accepted (even digits, as in "abc123" ). Any character count is allowed for strings.
Traditionally, a string data type consists of a series of characters, either in the form of a literal constant or a variable.
The latter can either be constant in length or allow its elements to alter (after creation).
To indicate to the interpreter that a string is a single value, strings are contained in single or double quotations.
String literals are represented by quotes. Reason: Strings can include a single word or a full sentence.
There will be a space between each word in this scenario.
Therefore, strings are enclosed in single or double quotation marks to show the interpreter that they contain a single value. Quotes are used to represent string literals. For this reason, strings may include a single word or an entire sentence.
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In the context of equal employment opportunity, which of the following is an element of an affirmative action program?a. Prior restraint analysisb. A utilization analysisc. The Lemon testd. The McDonnell-Douglas test
The answer is Utilization analysis, In the context of equal employment opportunity, utilization analysis is an element of an affirmative action program.
What does the term employment mean?The state of holding a paid job—of being employed—is most commonly referred to as employment. To hire someone is to compensate them for their labor. Employees are given jobs by employers. The term "employment" can also refer to the action of hiring someone, as in We're trying to hire more women.
What does "employee" mean in the law?The FLSA defines an employee as "any individual employed by an employer" and includes "to suffer or permit to work" in its definition of employ. The FLSA's definition of employment is extremely broad and is put to the test by "economic reality."
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_____ are products that are bought from one country for use in another just as the U.S. buys wood pulp and timber from Canada.
Group of answer choices
A. Imports
B. Tangibles
C. Tariffs
D. Exports
E. Countertrades
The answer is A. Imports, Imports are products that are bought from one country for use in another just as the U.S. buys wood pulp and timber from Canada.
How Do Imports Work?A product or service that was created in another nation but was purchased in one is an import. The two pillars of international trade are imports and exports. A nation's trade balance, commonly referred to as its trade deficit, is negative if the value of its imports exceeds the value of its exports.
What types of things are imported?Imports may be finished goods like automobiles, TVs, computers, or sneakers or they may be raw commodities like zinc, oil, timber, or cereals. Additionally, they could be services like banking, travel, or insurance. The American and global economies both heavily rely on imports.
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In Part 2-2 we discussed the business sector and the difference between intermediate goods/inputs and final goods. Which of the following would be considered capital inputs for a law firm? Check the correct answer D Labor Office supplies Legal counsel and advice Company computers O None of these
Final goods are those that have undergone all necessary processing. These items, which are frequently referred to as consumer goods, are made with the idea that the end user will consume them directly.
The products that businesses use to create other products or services are known as intermediate goods. These things are also referred to as producer goods.In other words, intermediate products are used to make final goods or consumer goods, or you might say that they are a part of final goods and are used as inputs in the manufacturing of other commodities.Now let's look at the differences between intermediate and completed goods.The difference between finished and intermediate goods
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Present value
You just found out that you had a very eccentric uncle who lived quietly in Staten Island. He left you $25,000. You just saw the movie The Bucket List and have decided that you want to put some money away so that in 12 years, you can start fulfilling items on that list.
With whatever money you have left, you’ll pay off some bills. You have found an investment instrument that will pay 7% interest annually.
Use the scenarios along with the following factor table data to answer each of the questions. Note that the complete Future Value and Future Value Annuity tables (as well as the Present Value and Present Value Annuity tables) are located in the appendix in your text.
Factor Tables
Table of Present Value Factors
Year
Interest Rate
3%
5%
7%
8%
9%
6 .837 .746 .666 .630 .596
8 .789 .677 .582 .540 .502
10 .744 .614 .508 .463 .422
12 .701 .557 .444 .397 .356
15 .642 .481 .362 .315 .275
20 .554 .377 .258 .215 .178
Table of Present Value Annuity Factors
Year
Interest Rate
3%
5%
7%
8%
9%
6 5.417 5.076 4.767 4.623 4.486
8 7.020 6.463 5.971 5.747 5.535
10 8.530 7.722 7.024 6.710 6.418
12 9.954 8.863 7.943 7.536 7.161
15 11.938 10.380 9.108 8.560 8.061
20 14.878 12.462 10.594 9.818 9.129
Present Value of a Single Amount
A) What is the amount you should invest today to have $28,750 in 12 years?
Present Value of an Annuity
Now the 12 years have passed, and you are ready to pull some money out of your fund. You talked to your investment advisor who says you can take this money and move it into a fund that will earn 8% interest annually. And you envision tackling most of your bucket list items over the next 15 years.
B) What is the annual amount you will have to spend for your bucket list activities?
A) You should put aside $12,354.20 now at an interest rate of 7% per year in order to have $28,750 in 12 years. We discover that the present value factor for 12 years at 7% interest rate is 0.444 using the Present Value of a Single Amount table.
Present Value = Future Value / Present Value Factor gives us the amount we should invest now.
Present Value is equal to 28.750/0.444.
Value in the Present ($64,864.86 B) We must determine the present value of an annuity for 15 years at an interest rate of 8% in order to determine the annual amount we may spend on the items on our bucket list. The present value annuity factor for 15 years at an interest rate of 8% is 6.710, according to the Present Value of an Annuity table. Consequently, the annual budget we may set aside for our bucket list activities is as follows:
Payment Annual Amount = 6.710 * $64,864.86 / 15 Annual Amount = Present Value of Annuity * Payment
Amount Per Year = $28,916.89
We can thus spend about $28,916.89 a year for the next 15 years to get things off our bucket list.
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NGOs that seek to promote ethical and socially responsible business practices are generating substantial changes in all of the following areas except _____.
A. corporate management
B. business development
C. strategy
D. corporate governance
NGOs that seek to promote ethical and socially responsible business practices are generating substantial changes in all of the following areas except B. business development.
In the term of economy and business, business ethics generally can be defined as the standards for morally right and wrong conduct in business. In the other side, business ethnic also can be defined as a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems. Ethnical problems in the business ethnic can arise in a business environment. Business ethnic is an important aspects and it can be applies to all aspects of business conduct.
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_____ is a source of gaining wealth by corporate raiders who benefit by pushing companies to either change their corporate strategy to one that will benefit stockholders, or by charging a premium for these stocks when the company wants to buy them back.
Corporate raiding is a source of gaining wealth by corporate raiders who benefit by pushing companies to either change their corporate strategy to one that will benefit stockholders, or by charging a premium for these stocks when the company wants to buy them back.
The goal of corporate raiding is to increase the value of the target company's stock, allowing the corporate raider to profit by either selling their shares at a higher price or by influencing the company's strategy to benefit stockholders.
One way in which corporate raiders gain wealth is by pushing companies to change their corporate strategy to one that will benefit stockholders. This can involve selling off underperforming assets, cutting costs, or even taking on debt to finance share buybacks or dividends.
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which of the following transactions are examples of prepayments that will require an adjustment at the end of the accounting period on december 31? (select all that apply.)
Beginning in October, a corporation pays a six month insurance premium, On November 1, a business makes a payment for four months advertising advertising inside the Wall Street Journal. (Choices a, c)
What does the term "accounting period" mean?In bookkeeping, the time frame for which there were and income reports are created is known as an accounting period. The accounting period in management accounting varies greatly and is chosen by management. Accounting periods are frequently monthly. The reports or summaries for a certain accounting period include transactions that occurred within a specified calendar range. A reporting or accounting period frequently lasts for a full year.
Complete question: Which of the ensuing transactions is an example of a prepayment that will necessitate an adjustment on December 31 at the conclusion of the accounting period? (Check every box that applies.)
A. At the start of October, a company pays a six month insurance premium.
B. A business pays an electricity bills for costs incurred the month before.
C. On November 1, a business pays for four months of advertisement in the The Wall Street Journal.
D. A financial records interest costs that have accrued but won't be paid until the following fiscal year.
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Match the term on the left side with the definition on the right side.
compound interest
annual compounding
semi annual compounding
quarterly compounding
daily compounding
crediting
[Choose ]
[Choose]
[Choose]
[Choose]
[Choose]
[Choose]
Answer:
Explanation:
compound interest Compound interest is the interest you earn on interest
annual compounding interest calculated on an account's principal plus any accumulated interest.
semi-annual compounding the compound interest rate is calculated on the bases of the principal added with the results of the compound interest rate from the previous term's calculation
quarterly compounding the process of computing for the interest earned quarterly on a fixed deposit or investment, computed based on the principal amount plus the interest earned for previous periods
daily compounding means interest is accumulated daily and is calculated by charging interest on principal plus interest earned daily
crediting publicly acknowledges someone as a participant in the production of (something published or broadcast).
(btw i didnt rly know what u meant by crediting causes there's different meanings)
Samsung, an electronics and appliance manufacturer, decides to launch its new line of smartphones on the company's official website to resolve logistics issues that the company has identified. With this modification, its customers can now buy the smartphones directly from Samsung even if they are not available in retail locations near potential consumers. In this case, Samsung focuses on the _____ element of the marketing mix.
Samsung, an electronics and appliance manufacturer, decides to launch its new line of smartphones on the company's official website to resolve logistics issues that the company has identified. With this modification, its customers can now buy the smartphones directly from Samsung even if they are not available in retail locations near potential consumers. In this case, Samsung focuses on the distribution element of the marketing mix.
In the term of business and economy, Marketing mix generally can be defined as a foundation model for businesses, historically centered around product, price, place, and promotion. There are four major elements of marketing mix, such as product, price, place and promotion.
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Determining whether or not the job's selling tasks will include responsibilities for opening new accounts as well as maintaining existing accounts is part of this step of the recruiting and selection process:a. determining job qualifications.b. writing the job description.c. setting objectives.d. conducting a job analysis.e. formulating strategies.
D. Conducting a job analysis of the recruiting and selection process will involve duties for opening new accounts as well as maintaining existing accounts.
What do selection and recruitment mean?Recruitment is the practice of actively seeking out and selecting candidates for a position. Selection is the process of selecting qualified candidates from the shortlist of applications.
What distinguishes recruiting from selection in terms of importance?Finding potential candidates and encouraging them to apply for the current or upcoming opening is the process of recruitment. However, selection is the process of choosing individuals from the pool of short-listed applicants and giving them a position within the company.
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what is the reason of 2Go group inc. has lowest closing price this year 2023 compare for last year's closing price was high
Answer: There could be several reasons why 2Go Group Inc.'s closing price this year (2023) is lower compared to last year's closing price such as trends in the economy, political scenario, government regulations & so on.
Explanation:
Some possible factors that could have contributed to this decrease include:
Economic conditions: If the overall economy is not performing well, it can lead to a decrease in the stock price of companies like 2Go Group Inc.
Company performance: The company's financial performance, including its revenue and earnings, can directly impact its stock price. If 2Go Group Inc. has not been performing as well as investors had hoped, this could have led to a decrease in its stock price.
Industry trends: If the transportation industry is facing challenges, this could also have an impact on 2Go Group Inc.'s stock price.
Competition: Increased competition from other companies in the same industry can also put downward pressure on 2Go Group Inc.'s stock price.
Regulatory changes: Changes in regulations or laws that affect the company's operations can also have an impact on its stock price.
It's important to note that stock prices can be influenced by a variety of factors, and it's not always possible to know for certain why a stock's price has changed. However, by analyzing trends in the economy, industry, and company performance, it is possible to get a better understanding of the factors that may be contributing to the changes in 2Go Group Inc.'s stock price.
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold:
Sales $ 480,000
Beginning merchandise inventory $ 32,000
Purchases $ 320,000
Ending merchandise inventory $ 16,000
Fixed selling expense ?
Fixed administrative expense $ 19,200
Variable selling expense $ 24,000
Variable administrative expense ?
Contribution margin $ 96,000
Net operating income $ 28,800
Required:
1. Prepare a contribution format income statement.
2. Prepare a traditional format income statement.
3. Calculate the selling price per unit.
4. Calculate the variable cost per unit.
5. Calculate the contribution margin per unit.
6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimating how net operating income will change in response to changes in unit sales?
Contribution Format Income Statement
Sales (1,000 units) $480,000
Less: Variable Costs:
Cost of Goods Sold $320,000
Selling Expenses 24,000
Administrative Expenses 0
Contribution Margin $136,000
Less: Fixed Costs:
Selling Expenses 19,200
Administrative Expenses 0
Net Operating Income $116,800
What is Traditional Format Income Statement?Generally, Traditional Format Income Statement
Sales (1,000 units) $480,000
Less: Cost of Goods Sold $320,000
Gross Margin $160,000
Less: Selling Expenses 24,000
Administrative Expenses 19,200
Net Operating Income $116,800
Selling Price Per Unit = $480,000/1,000 = $480
Variable Cost Per Unit = $320,000 + $24,000 = $344
Contribution Margin Per Unit = $480 - $344 = $136
The contribution format income statement would be more useful to managers in estimating how net operating income will change in response to changes in unit sales because it provides a clearer view of the impact of changes in unit sales on net operating income.
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Determine the FW of the following engineering project when the MARR is 15% per year. Is the project acceptable?
Project
Investment Cost $10,000
Expected life 5 years
Market (Salvage) Value* -$1,000
Annual Receipts $8,000
Annual Expenses $4,000
* A negative market value means that there is a cost to dispose of an asset.
The FW of the project is positive, which means that the project is expected to generate a net cash inflow of $3,756.52 in the future. Since the FW is positive, the project is acceptable.
To determine the FW (Future Worth) of the project, we need to calculate the present value of all cash inflows and outflows and then add them up. Since the project has a life of 5 years, we will use the MARR (Minimum Acceptable Rate of Return) of 15% per year as the discount rate.
The cash inflows are the annual receipts, which are $8,000 per year, for 5 years. The cash outflows are the initial investment cost, which is $10,000, the annual expenses, which are $4,000 per year, for 5 years, and the market value at the end of the project, which is -$1,000.
Using the present value formula, we can calculate the present value of each cash flow as follows:
Present value of inflows = $8,000 x ((1 - (1 + 0.15)^-5) / 0.15) = $28,619.44
Present value of initial investment = -$10,000
Present value of expenses = -$4,000 x ((1 - (1 + 0.15)^-5) / 0.15) = -$14,309.72
Present value of market value = -$1,000 / (1 + 0.15)^5 = -$553.20
FW = Present value of inflows + Present value of initial investment + Present value of expenses + Present value of market value
FW = $28,619.44 - $10,000 - $14,309.72 - $553.20
FW = $3,756.52
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which of the following would not be considered a direct labor cost in a service firm that uses job-order costing?
Option (b), With job-order costing, direct labor and material charges would not be averaged.
What does a job order cost a service provider?To calculate their costs and how much to charge clients, service businesses might utilize a variety of costing techniques. The job order costing methodology is the most used costing technique in the service sector. Using this technique, costs are ascribed to a particular unit or object. It links costs to a specific service in this instance.
Why would a service company's management feel the need to employ job order costing?The benefit of work order costing is that it enables managers to assess the money produced by particular jobs, which helps them decide whether those jobs are worthwhile to pursue in the future. This works well for companies like consultants and construction firms who deal with a lot of custom work.
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The complete question is:
Which of the following would not be used in job-order costing?
(a). Factory overhead allocation based on direct labor hours applied to the job.
(b). Averaging of direct labor and material rates.
(c). Job cost sheets.
(d). None of these.
An action plan contains which of the following elements needed to meet a goal? Check all that apply.A. Specific steps (how) B. Time period (when) C. Philosophy (why) D. People (who)
An action plan contains People (who) needed to meet a goal .
What components make up an action plan?
The "what," "who," and "when" of action plans are typically included. They describe the actions your software will take (the "what"), who is/are responsible (the "who"), and when they are expected to be completed (the "when").
What exactly is a sample action plan?
A document that outlines the steps that must be performed to accomplish a particular goal is known as an action plan. The goal is divided into manageable phases that are simple to follow and keep track of.
For instance, a city might utilize an action plan to present ideas for enhancing a neighborhood with additional green space, amenities, living streets, and better rail service. a strategy with sufficient specifics to carry out a task or accomplish a goal.
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An example of an effective price ceiling would be the government setting the price of wheat at per bushel when the market price is at $4.25 per bushel. (1.5 Points) 5.0 5.75 3.75 12.0 15.5
The correct option is D. All the price given in the option is above the equilibrium price of $4.25 except $3.75 is not going to be the price ceiling imposed by the government. Hence, the Price Ceiling will be $3.75 which is below our equilibrium price.
A market is any region in which or greater occasions can meet to interact in a monetary transaction—even the ones that do not involve legal gentleness. A market transaction might also moreover comprise goods, services, statistics, foreign money, or any aggregate of those that bypass from one birthday celebration to another.
In elegant, the function of a marketplace is to collect products from scattered resources and channel them to scattered stores. From the factor of view of the seller, dealers channel the call for their product; from the thing of view of the consumer, they bring elements within his obtain. A marketplace is an area wherein buyers and sellers can meet to facilitate the change or transaction of products and services. other examples encompass illegal markets, public sale markets, and economic markets.
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true/false. the entry of more firms into a monopolistically competitive market tends to increase the excess capacity of firms in the industry in the long run.
the entry of more firms into a monopolistically competitive market tends to increase the excess capacity of firms in the industry in the long run. The statement is false.
Monopolistic competition is a market structure characterized by many firms, each offering a slightly differentiated product, and the presence of entry and exit in the market. In the long run, firms in a monopolistically competitive market strive to industrialized produce at minimum average cost, and this leads to an allocation of resources that is efficient in the sense that all goods are produced at the lowest possible cost.
As new firms enter the market, the existing firms face increased competition and may need to lower their prices or improve the quality of their product to stay competitive. This increased competition can lead to reduced excess capacity, as firms respond by reducing production and increasing efficiency.
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Private markets fail to reach a socially optimal equilibrium when positive externalities are present because the:Select one: a. private benefit equals the social benefit at the private market solutionb. private cost exceeds the private benefit at the private market solutionc. social value exceeds the private value at the private market solutiond. private cost exceeds the social benefit at the private market solution
When positive externalities are present because the private cost exceeds the social benefit at the private market solution. Externalities cause market failure because the price equilibrium of a good or service does not fairly reflect the true costs and advantages of that good or service. The answer is OPTION D.
When a positive externality exists, the market produces less of the good or service than is socially desirable because the benefit to society is not realised by the individual. Market outcomes that are inefficient are also a result of positive externalities. Positive externality-affected goods.
However, offer people in society more value than is recognised by those who produce them. When people, households, and Market fail to internalise the indirect costs or benefits of their economic transactions, externalities pose serious issues for economic policy.
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In the context of active listening skills of salespeople, identify the uses of summarizing a conversation with a customer (pick all that apply)
a. it allows both salesperson and customer to converse in a noisy environment
b. it lets both salesperson and customer use trite words such as nice and good and phrases
c. it lets both salesperson and customer concentrate on the issues that have been discussed
d. it gives both salesperson and customer a quick overview of what has taken place
The answer is option c. it lets both salesperson and customer concentrate on the issues that have been discussed.
What function does a salesperson perform?Simply put, a sales representative represents a company's brand and sells goods or services on its behalf. They oversee client connections and function as the main point of contact from the time a lead is first contacted until a sale is made.
How do you define a salesperson?A salesperson is a person who works to sell products or services. The salesman may be an independent contractor, an employee under a particular statute, a common law employee, or an excluded employee under a particular statute.
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g variation in rbc phenotype is particularly interesting when considering natural selection as the ability to
The variation in the red blood cell (RBC) phenotype is particularly interesting when considering natural selection as the ability to resist pathogens. Here option B is the correct answer.
RBCs play a crucial role in the immune system by transporting oxygen and carbon dioxide, as well as participating in the recognition and elimination of pathogens. The surface molecules on RBCs, such as blood group antigens, can affect the binding and recognition of pathogens, making them a potential target for natural selection.
For example, some blood group antigens, such as the Duffy antigen, can prevent the invasion of red blood cells by the malaria parasite. Individuals who lack the Duffy antigen are more susceptible to malaria, leading to a higher mortality rate in certain populations. This has resulted in natural selection favoring the preservation of the Duffy antigen in areas where malaria is prevalent.
Similarly, the ABO blood group system has been associated with resistance to some infectious diseases. For instance, individuals with blood type O have been shown to have a lower risk of severe cholera, while those with blood type A have an increased risk of severe malaria.
Complete question:
Variation in RBC phenotype is particularly interesting when considering natural selection as the ability to
A) Maintain homeostasis
B) Resist pathogens
C) Reproduce successfully
D) Accumulate mutations
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fill in the blank question. a person who receives benefits from a market transaction without having to pay for them is called a(n) rider.
The assertion is accurate. A individual who receives a benefit from a market transaction without having to cover the expense of that advantage is referred to as a rider.
The answer to the fill-in-the-blank question is the given statement. A rider is a person who gains from a market transaction without having to pay for it. A rider is a free-rider or someone who enjoys a thing or service without contributing to its cost or creation in economics. A rider is someone who, for instance, likes watching fireworks from their balcony without paying for the display. Free-ridership is a prevalent issue in the provision of public goods and services since it is challenging to prevent certain people from taking advantage of the advantages. Due to insufficient finance, this may result in underproduction of the good or service, which would be detrimental to society as a whole.
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A man buys a house for $200, 000. He makes a $50, 000 down payment over the next 10 years. If the interest on the debt 12%, compounded quarterly find (1)size of the quarterly payment. (2) Total amount of the payment and (3) Total amount of interest paid.
The quarterly payment is $218,716.83, The total amount of the payment is $8,748,673.20. The total amount of interest paid is $8,598,673.20.
How to Calculate Interest?Assuming that the remaining $150,000 debt is being paid off over a 10-year period with quarterly payments, we can use the formula for the present value of an annuity to calculate the size of the quarterly payment:
PV = P * [1 - (1 + r/n)^(-n*t)] / (r/n)
where PV is the present value of the debt ($150,000), P is the quarterly payment, r is the annual interest rate (12%), n is the number of compounding periods per year (4 for quarterly), and t is the total number of years (10).
(1) Solving for P:
PV = P * [1 - (1 + r/n)^(-n*t)] / (r/n)
150,000 = P * [1 - (1 + 0.12/4)^(-4*10)] / (0.12/4)
150,000 = P * [1 - (1 + 0.03)^(-40)] / 0.03
150,000 = P * [1 - 0.3146]
P = 150,000 / 0.6854
P ≈ $218,716.83
So the total amount of interest paid is $8,598,673.20.
(2) The total amount of the payment can be found by multiplying the quarterly payment by the total number of payments:
Total payments = P * n * t
Total payments = $218,716.83 * 4 * 10
Total payments = $8,748,673.20
So the total amount of the payment is $8,748,673.20.
(3) The total amount of interest paid can be found by subtracting the original debt from the total payments:
Total interest = Total payments - Original debt
Total interest = $8,748,673.20 - $150,000
Total interest = $8,598,673.20
So the total amount of interest paid is $8,598,673.20.
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