The resources over which a company and its competitors vie include raw materials, access to capital, or real estate for a store location.
Any element required to complete a task or conduct an activity is referred to as a resource in the context of business and economics. They are, in a nutshell, the elements that a business needs in order to operate. Employees, office space, tools, or money are examples of resources.
It's essential to know exactly what your company uses so that you can make the most of the resources at your disposal and avoid leaving any gaps in your business strategy. The practice of distributing resources so that a business can carry out its task as effectively as possible is known as resource management.
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For most of U.S. modern economic history, when the unemployment rate is _____, real GDP is _____.A. rising; unchangedB. falling; fallingC. falling; risingD. rising; risingC. falling; rising
For most of U.S. modern economic history, when the unemployment rate is falling, real GDP is rising.
Whenever the economy weakens, real GDP (gross domestic product) falls, which often leads to higher unemployment. Because real GDP measures the quantity of goods as well as services produced as well as provided in an economy, it falls when employment falls.
The unemployment rate would be the percentage of unemployed total labour force. Unemployment has a negative impact on families' disposable income, purchasing power, employee morale, as well as economic productivity.
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T/F increasing market audience, receiving foreign direct investment are reasons international trade is important to the united states.
true, increasing market audience, receiving foreign direct investment are reasons international trade is important to the united states.
Why is international trade important to the United States?
transnational trade is important because it's the trades of goods and services internationally. Other countries have effects that we don't have and through transnational trade we're suitable to get them then. Tariff is a duty placed on goods that one nation significances from another.
What Are the Advantages of International Trade?
Increased earnings..
dropped competition..
Longer product lifetime..
Easier cash- inflow operation..
Better threat operation..
serving from currency exchange..
Access to export backing..
Disposal of fat goods.
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When they are determining an appropriate congestion tax, economists would use which of the following elements of the economic way of thinking?
A. thinking at the margin
B. isolating variables
C. she's making assumptions
D. All the Above
The task of managers to evaluate how well an organization has achieved its goals and to take any corrective actions needed to maintain or improve performance is _________.
The task of managers to evaluate an organization's performance and take corrective actions is known as performance management.
Performance management is an ongoing process that involves setting goals, measuring progress, and taking corrective actions to maintain or improve performance.
The goal of performance management is to ensure that the organization is performing effectively and efficiently and to help identify areas where improvements can be made. Managers use a variety of performance metrics, such as financial measures, customer satisfaction, and employee engagement, to evaluate the organization's performance.
Based on this evaluation, they may take corrective actions to address any performance gaps and improve results. Effective performance management can help organizations achieve their goals, foster a culture of continuous improvement, and drive business success.
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Nichols Inc, manufactures remote controls. Currently the company uses a plant - wide rate for allocating manufacturing overhead. The plant manager is considering switching - over to ABC costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: Activities Cost driver Allocation Rate Material handling Number of parts $5 per part Assembly Labor hours $20 per hour Inspection Time at inspection station $10 per minute The current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour A. $630.00 per remote control B. $35.00 per remote control O C. $63.00 per remote control D. $2.00 per remote control Activities Cost driver Allocation Rate Material handling Number of parts $5 per part Assembly Labor hours $20 per hour Inspection Time at inspection station $10 per minute The current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. What are the indirect manufacturing costs per remote control assuming an activity - based - costing method is used and a batch of 10 remote controls are produced? The batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time. O A. $630.00 per remote control B. $35.00 per remote control C. $63.00 per remote control OD. $2.00 per remote control ?
Expenses of production that can't be immediately attributed to a produced unit are known as indirect manufacturing costs. A. $630.00 per remote control.
Supplies, depreciation, utilities, production supervisor salaries, and equipment maintenance are a few examples of these expenses.Regardless of the quantity produced or sold, indirect costs are the expenses associated with operating a firm and entering the market with a good or service. In other words, they have nothing to do with producing a good or service or purchasing a good in bulk to resale. This sets them apart from direct costs. Product costs are those expenses directly associated with creating an item or service that will be sold. All additional indirect expenses incurred during manufacturing are referred to as period costs. Common examples of period costs are overhead and sales and marketing expenditures.
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1. Beginning in the decade of the 1950s, NASA first initiated a program to develop
and launch a series of passive satellites.
Beginning in the decade of the 1950s, NASA first initiated a program to develop and launch a series of passive satellites. (True)
What was NASA's Motive in early 1950s?Beginning in the decade of the 1950s, NASA first initiated a program to develop the start of operations for the National Aeronautics and Space Administration. At the time, it had a staff of only 8,000 people and an operating budget of $100 million. The National Advisory Committee for Aeronautics left NASA with three major research laboratories at the time: the Langley Aeronautical Laboratory, established in 1918; the Ames Aeronautical Laboratory, activated near San Francisco in 1940; and the Lewis Flight Propulsion Laboratory, built in Cleveland, Ohio, in 1941. Additionally, NASA had two small test facilities, one for high-speed flight research at M. Other government research agencies were soon added.
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Complete question:
State where given statements is True or False
1. Beginning in the decade of the 1950s, NASA first initiated a program to develop and launch a series of passive satellites.
Which one of the following is not one of the factors that affect the S/Q rating of a company's footwear? Copyright © by Glo-Bus Software, Inc. Copying, distributing, or 3rd party website posting isexpressly prohibited and constitutes copyright violation The annual number of innovative new performance features built into a company's branded models/styles. Expenditures for best practices training Current-year spending per footwear model for new styling/features and whether production improvement option C has been installed (this option entails investing in special production equipment that boosts the S/Q rating of all pairs produced by 1.0 star) The percentage use of superior materials O A company's cumulative spending for TQM/Six Sigma quality control programs Coming diat
Option (d), The cost of new styling/features for each model and if plant upgrade option C has been implemented are not elements that influence a company's footwear's S/Q rating.
What aspects determine a Q rating?The percentage of higher-quality materials used, cumulative spending on TQM/Six Sigma quality control programs, acceptance of best practices training, and expenses for new styling/features for each model are all factors that affect a company's S/Q grade.
What variables affect a corporation's interest rate on its outstanding loans?A company may pay a variety of interest rates on its existing obligations. the number of years the company has had periods of financial success and its market share.
This is important since the Quality and Style of the created goods are shown by the S/Q rating of branded pairs; the higher the rating, the better. This increases customer interest and makes it easier to sell the goods. We can set higher prices in order to boost sales, market share, and image ratings.
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Which of the following journal entries is correct assuming that Mama June Pizza Company received cash for interest earned on investments?A. Cash xxxInvestment income xxxB. Investment income xxxCash xxxC. Cash xxxSales revenue xxxD. Sales revenue xxxCash xxx
Correct reply is Cash xxx Investment profits xxx.
Investment Income is the income that is generated through dividends, price of interest, and capital gains through the sale of any asset or protection and earnings made by using any variety of investment motors like bonds, mutual funds, etc.
Is investment income taxable?Most funding earnings is taxable. But your exact tax fee will depend on countless factors, consisting of your tax bracket, the kind of investment, and (with capital assets, like stocks or property) how long you own them before selling.
What investment earnings is tax free?Start with the nice options, such as your employer's 401(k) or 403 (b) retirement plans, or an IRA/Roth IRA. You can also make investments cash tax-free through an HSA account or through buying tax-free municipal bonds. Another option is investing in tax-free ETFs.
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https://brainly.com/question/29547577#SPJ4The accounts in the ledger of Hickory Furniture Company as of December 31, 2016, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted. Accounts Payable $ 42,770 Notes Payable $ 50,000 Accounts Receivable 116,900 Prepaid Insurance 21,600 Cash ? Rent Expense 48,000 Elaine Wells, Capital 75,000 Supplies 4,275 Elaine Wells, Drawing 24,000 Supplies Expense 6,255 Fees Earned 745,230 Unearned Rent 12,000 Insurance Expense 3,600 Utilities Expense 26,850 Land 50,000 Wages Expense 580,700 Miscellaneous Expense 9,500
The accounts in the ledger of Hickory Furniture Company as of December 31, 2016, are listed in alphabetical order as follows. All accounts have normal balances. The balance of the cash account has been intentionally omitted.
Accounts Payable $ 42,770 Notes Payable $ 50,000
Accounts Receivable 116,900 Prepaid Insurance 21,600
Cash ? Rent Expense 48,000
Elaine Wells, Capital 75,000 Supplies 4,275
Elaine Wells, Drawing 24,000 Supplies Expense 6,255
Fees Earned 745,230 Unearned Rent 12,000
Insurance Expense 3,600 Utilities Expense 26,850
Land 50,000 Wages Expense 580,700
Miscellaneous Expense 9,500
All accounts have normal balances. The balance of the cash account has been intentionally omitted of Balance before cash is 33,320
Unadjusted Trial balance
Accounts Title Dr. Cr
1 Cash 33,320
2 Accounts Receivable 116,900
3 Supplies 4,275
4 Prepaid Insurance 21,600
5 Land 50,000
6 Accounts Payable 42,770
7 Unearned Rent 12,000
8 Notes Payable $50,000
9 Elaine Wells, Capital 75,000
10 Elaine Wells, Drawing 24,000
11 Fees Earned 745,230
12 Wages Expense 580,700
13 Rent Expense 48,000
14 Utilities Expense 26,850
15 Supplies Expense 6,255
16 Insurance Expenses of 3,600
17 Miscellaneous Expense 9,500
18 Total 925,000 925,000
Note
Balance before cash 891,680 925,000
Cash (925000-891680) 33,320
An account is a particular document within an organization's financial ledger or stability sheet. Accountants, finance specialists, and bookkeepers can use debts to document vital monetary statistics, like reporting daily transactions to affirm the exact amount of money an enterprise has at any moment.
In accounting, an account is a document inside the well-known ledger this is used to type and keep transactions. for example, companies may have an account of a coin wherein to file each transaction that will increase or decreases the company's coins. fundamental accounting principles used inside the commercial enterprise global cowl sales, charges, assets, and liabilities. those elements are tracked and recorded in files which include stability sheets, earnings statements, and cash float statements.
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identify the account title that may be used to record borrowing cash in exchange for a promissory note.
Note Payable is the name of the account that can be used to track monetary advances made in exchange for promissory notes.
Note payable account: What is it?Notes payable is the name of a liability account that is generated as part of a company's general ledger. It is the place where debtors formally promise to repay lenders. On the other hand, the lender would record a similar written guarantee against notes receivable in their account.
What are payable promise notes?Promissory notes, also known as notes payable, are written contracts in which the borrower promises to pay back the loan amount plus interest at a certain future date. Although the conditions of repayment may vary, notes payable generally carry an interest charge.
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Which of the following is not a restrictive indorsement? a. "Without recourse" b. "For deposit" c. "Pay any bank" d. "For collectio
The answer is option a. "Without recourse" , without recourse is not a restrictive indorsement.
What does endorsement mean?An endorsement (indorsement) is a statement of support for someone or something, such as endorsing a skill. A check, bill of exchange, or other negotiable document can also become cashable or transferable by having a signature added on the back of it.
What does endorsement look like?The indorsement binds anyone else as well. Take the following scenario: A check is made out to X, who signs it in the blank but adds the words "For deposit only" above the signature. The cheque is taken, and the culprit cashes it at a food store. The supermarket endorses the cheque and puts it in a deposit account at a bank.
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Fill The Blank for Complete sentence below !!Epic Inc., a firm that produces chairs for offices, uses comparative advertising to inform the consumers that its products offer the same features and quality as the competitor's. This is an example of a(n) ________ attack.
This is an example of a comparative advertising attack.
Comparative advertising is a marketing technique where a company compares its products or services with those of a competitor, highlighting the similarities and differences, in order to demonstrate the superiority of its offerings. It is a type of advertising that can be seen as an attack on a competitor, as it often points out shortcomings in their products or services. However, comparative advertising is also seen as a way for consumers to make informed purchasing decisions, as it provides them with relevant information about the features and benefits of different products.
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Aluminum wiring was used in many homes in the 1960s due to the high cost of copper at the time. Aluminum wire that was 12 gauge (a measure of cross-sectional area) was rated at 15 A of current. If copper wire of the same gauge were used to replace the aluminum wire, what current should the wire be capable of carrying if all factors except resistivity are considered equal? Assume that the resistance of the wire is the primary factor that determines the current it can carry and the cross-sectional area and length are the same for the aluminum and copper wires.
The resistivity of aluminum is greater than that of copper, which means that aluminum has a higher resistance for a given wire length and cross-sectional area. To determine the current capacity of copper wire with the same gauge as aluminum wire, we can use the equation for resistance (R = ρ * L / A), where ρ is the resistivity, L is the length, and A is the cross-sectional area.
Since the cross-sectional area and length are the same for both wires, we can compare their resistivities and calculate the ratio of their resistances. The resistivity of aluminum is about three times that of copper, so the resistance of the aluminum wire will be three times greater than the resistance of the copper wire.
Therefore, the current capacity of the copper wire, given all factors except resistivity are equal, will be three times greater than the current capacity of the aluminum wire. If the aluminum wire was rated at 15 A of current, then the copper wire should be capable of carrying 15 * 3 = 45 A of current.
if managers and supervisors fail to show ethical leadership, it is unrealistic to expect employees to behave ethically. (true or false)
The statement is True. if managers and supervisors fail to show ethical leadership, it is unrealistic to expect employees to behave ethically.
Ethical management manner in that individuals behaves in step with a fixed of principles and values diagnosed by using the general public as a legitimate basis for the inappropriate behavior. those encompass integrity, appreciation, trust, fairness, transparency, and honesty.
Ethical chief guarantees the values a company upholds are matched by the behavior expected of and proven by means of personnel. “The employees are doing what they may be rewarded for, or held liable for, in the structures the managers have placed into location. It approaches displaying admiration for others and treating them with dignity and appreciation. ethical leaders ought to be approachable, correct-natured, empathetic and information, and valuable in defending and developing their workforce or having a genuine concern for humans.
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_____ is a term used to describe a research effort that gathers detailed data describing customers' wishes, needs, likes, and dislikes regarding specific product features and functionalities
The voice of the customer is a term used to describe a research effort that gathers detailed data describing customers' wishes, needs, likes, and dislikes regarding specific product features and functionalities.
A collection of client opinions about a business, product, or service is known as the Voice of the Customer (VoC). What your consumers have to say about their encounters with and expectations of your goods and services is referred to as "voice of the customer" (VoC). It places a strong emphasis on customer needs, wants, comprehensions, and product improvement.
By hearing what customers have to say, businesses may improve their products and services while better understanding and meeting customer demands. A Voice of the Customer initiative reveals the preferences, problems, and concerns of customers. These VoC systems recognise and react to the voice of the customer to boost customer satisfaction and loyalty.
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When writing the application for homeowners insurance, B's agent asked him if he had any theft losses in the past 3 years. B answered 'no,' despite the fact that he was a theft victim 3 times in the past 3 years. B is guilty of which of the following? A. Unilateral statement
B. Misrepresentation C. Representation D. Waiver
Despite having been the victim of theft three times in the previous three years, B responded "no." B has violated (B) by misrepresenting.
Misrepresentation is the act of entering into a contract with a person or business on the pretext of making assertions that are untrue. In an insurance policy, the insurance company has the ability to revoke coverage if the insured makes a false representation.
A misrepresentation is when a party knowingly makes an overtly deceptive statement with the intent to induce the other party to enter into a contract. Imagine, for instance, that a car seller in a private transaction exaggerates the mileage of the vehicle.
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inflation exists when there is an increase over time in the average . multiple choice question. price level unemployment rate level of output wage
The answer is Prices , inflation exists when there is an increase over time in the average prices.
How would you define inflation in plain English?The rate of price growth over an extended period of time is known as inflation. The cost of living in a nation has increased, or prices have generally increased. These are examples of broad measures of inflation.
What is inflation, and what are the effects?The steady and widespread increase in prices of goods and services over time, known as inflation, reduces the purchasing power of consumers. Economically speaking, a small but positive inflation rate is advantageous, while a large inflation rate has a tendency to feed on itself and harm the economy's long-term performance.
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Which of the following departments most likely would approve changes in pay rates and deductions from employee salaries?A. Human resource.B. Treasurer.C. Controller.D. Payroll.
The correct OPTION D Human resource HR departments most likely would approve changes in Payroll rates and deductions from employee salaries. Because they work closely with those being hired and are in charge of determining each employee's pay, bonus, and incentives.
Some companies consider payroll to be a part of the human resource management division. Payroll is the salary an employer owes workers for a predetermined time or on a specific day. Typically, a company's accounting or human resources department is in charge of it. The majority of items processed by payroll—changes to pay, salary, bonuses, employee working hours, and benefit deductions—are among the many employee deliverables that HR is in charge of.
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A given car loan is ______ for the creditor and ______ for the borrower. A a bond; stock. B a bond; stock. C liquidity; wealth. D a liability; an asset.
A given car loan is asset for the creditor and liability for the borrower. A liability is a debt that a person or business has, typically in the form of money.
Liabilities are items that are listed on the balance sheet's right side and consist of debts including loans, payable accounts, mortgages, deferred income, bonds, warranties, and accumulated expenses. Through the transmission of economic benefits like money, products, or services, liabilities are eventually satisfied. Assets and liabilities can be compared. Assets are items you own or owe money to; liability are things you owe money to or have borrowed. Car loans function by giving you a lump sum of cash to purchase a vehicle. The vehicle is then yours to drive while you gradually make monthly loan payments plus interest. The title to the car is held by the lender until it is paid off in full, and they have the right to take it back if you stop making payments. You must apply for and receive approval from a car loan from a lender. Bank, credit unions, online lenders, and auto dealerships all accept applications.
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Answer:
E) an asset; a liability
does anyone know this assignment im in NEED of a tutor
Use the AND function with appropriate arguments in cell H4 to determine if there is a force out at third base.
There is a force out at third base if "Runner on 1st" and "Runner on 2nd" are both "Yes".
In cell H4, enter this formula: =AND(E4="Yes",F4="Yes").
What is the AND function?Generally, The AND function is a logical function in Excel that evaluates whether a certain condition is true or false. It returns TRUE if all conditions are met; otherwise, it returns FALSE.
The AND function can be used to check multiple conditions at the same time. For example, you can use the AND function to check if a value is greater than 10 and less than 20. The syntax for the AND function is: AND(logical1, [logical2],…).
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When the economy suffers a downturn and the incomes of many people decrease, vacationers are more likely to take car trips than to fly. Which of the following provides one possible explanation for this phenomenon?
a) Air travel and vacation travel by car are complementary goods.
b) Air travel and vacation travel by car are both normal goods.
c) Air travel is a normal good and vacation travel by car is an inferior good.
d) Air travel is an inferior good and vacation travel by car is a normal good
The correct option is C. The one possible phenomenon of travel is a normal good and vacation travel by car is an inferior good.
Earnings are the consumption and saving opportunity gained through an entity within a targeted timeframe, which is generally expressed in monetary phrases. earnings are tough to define conceptually and the definition can be unique throughout fields. for instance, a person's income in a monetary sense may be different from their income as described by means of regulation.
An extremely crucial definition of earnings is Haig–Simons profits, which defines income as intake + alternate in internet really worth and is extensively utilized in economics. For households and individuals inside the united states of America, profits are defined by way of tax law as a sum that includes any salary, salary, profit, hobby charge, lease, or another shape of profits received in a calendar 12 months. Discretionary earnings are regularly defined as gross earnings minus taxes and different deductions (e.g., mandatory pension contributions), and are extensively used as a foundation to evaluate the welfare of taxpayers.
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Fatima is a project manager. She lists the project tasks and places them in the correct sequence. To build the project
schedule, what is her next step?
There are variety of task that Fatima is needed to build the project schedule.
After listing the project tasks and placing them in the correct sequence, Fatima's next step as a project manager would be to estimate the length of each work. This includes estimating how long each task will take to complete and identifying any relationships between activities that may affect the overall project timetable. She can then build a timeline or Gantt chart that illustrates when each task is scheduled to begin and end, and use this to track progress and ensure that the project is completed on time.
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Someone who is self-interested only performs actions for his or her own benefit and not for the benefit of others. Click the answer you think is right. False True Do you know the answer? I know it Think so Unsure No idea ASSIGNMENT PROGRESS: Wk. 1 - Practice: Fundamentals Adaptive Assignment due Sat] 63% L 100%
Someone who is self-interested only performs actions for his or her own benefit and not for the benefit of others. The statement is true.
Self-interest refers to a person's concern for their own well-being, success, and happiness. People who act purely on the basis of self-interest will prioritize their own needs and wants over those of others. This can manifest in many ways, such as maximizing financial gain, pursuing personal goals, or seeking to improve one's own reputation or standing.
However, it's important to note that not all actions that benefit oneself necessarily harm others, and people can often act in ways that benefit both themselves and others. In reality, people's motivations are often complex and influenced by a range of factors beyond simple self-interest.
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Your question seems incomplete, but I suppose the question was:
"Someone who is self-interested only performs actions for his or her own benefit and not for the benefit of others. False or true."
Nina can choose to receive $5,000 today or $5,000 a year from now. If she takes the money now and invests the money at a 6% interest rate (after tax), she will have $____ one year from now. (The answer should be in the form of amounts rather than words.)
If Nina takes the $5,000 today and invests it at a 6% interest rate (after tax), she will have $5,300 one year from now.
If Nina takes the $5,000 today and invests it at a 6% interest rate (after tax), she will earn interest on her investment over the course of the next year. To calculate the amount she will have one year from now, we can use the following formula:
Amount after one year = Principal x (1 + interest rate)
Where:
Principal = $5,000 (the amount Nina invests today)
Interest rate = 6% (the annual interest rate, expressed as a decimal)
So, plugging in the values, we have:
Amount after one year = $5,000 x (1 + 0.06)
Amount after one year = $5,000 x 1.06
Amount after one year = $5,300
This means that if Nina takes the $5,000 today and invests it at a 6% interest rate (after tax), she will have $5,300 one year from now.
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T/F In a command economy, the individual decisions of many producers and consumers make
the macro-level decisions for the whole economy.
False. In a command economy, the central government or a planning agency makes all major economic decisions.
The government determines what goods and services will be produced, how they will be produced, and how they will be distributed. The prices of goods and services are set by the government, and there is little room for individual consumers and producers to make choices about what they want to buy and sell. In a command economy, the government can direct resources to achieve social and political goals, but it can also result in inefficiency and shortages of goods. Inefficient businesses are often propped up by the government instead of being allowed to fail, and there is often little incentive for businesses to innovate or improve their products. Consumers may have limited access to the goods and services they want, and the government may not allocate resources in a way that meets their needs. In contrast, in a market economy, decisions about what to produce and how to produce it are made by consumers and producers, with prices serving as signals to coordinate their decisions. This allows for a more efficient allocation of resources, but can also result in unequal outcomes.
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Given the variables taxable purchases and tax free purchases (which already have been defined), write an expression corresponding to the total amount purchased SUBMIT 10 Nov 10 20.30 12:20:33 GMT0300 (GMT+03:00)
The expression for the total amount purchased would be: taxable purchases + tax-free purchases.
The total amount purchased can be expressed as the sum of taxable purchases and tax-free purchases:
Total amount purchased = Taxable purchases + Tax-free purchases
This expression represents the total amount of money spent by the consumer on taxable and tax-free purchases.
The expression taxable purchases + tax-free purchases calculates the sum of two variables, taxable purchases and tax-free purchases. These two variables represent the amount spent on items that are subject to taxation and items that are exempt from taxation, respectively. The expression takes both of these values and adds them together to give the total amount spent, regardless of whether the items were taxable or tax-free. In this way, the expression provides a comprehensive representation of the total amount purchased.
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_____ is used to examine a product at the system and/or subsystem level for all possible was in which failure may occur.
a) Failure Mode and Effects Analysis
b) The House of Quality
c) Fishbone Diagram
d) Affinity Diagram
e) Fault Tree Analysis
Failure Mode and Effects Analysis is used to examine a product at the system and/or subsystem level for all possible ways in which failure may occur. option (A) is correct.
Failure Modes and Effects Analysis (FMEA) is a deliberate, proactive strategy for assessing a cycle to distinguish where and how it could neglect to evaluate the overall effect of various disappointments and to recognize the pieces of the interaction that are most needing change.
Failure Modes and Effects Analysis (FMEA) is an organized way to deal with finding potential disappointments that might exist inside the plan of an item or cycle. Disappointment modes are the manners by which interaction can fizzle. Impacts are the manners in which these disappointments can prompt waste, deserts, or unsafe results for the client.
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Cecil is a 64 year old widower (his wife died 10 years earlier). His income for 2021 is as follows:Pension from former employer $39,850Interest income from Alto National Bank $5,500Interest Income from City of Alto Bonds $4,500Dividends from IBM stock $2,000Amounts received from Annuity Contracts $5,400Social Security benefits $14,000Net Rental Income from townhouse $1,750Other Information:1) The cost of the annuity was $46,800. Cecil started receiving monthly payments of $450 when he was 63.2) Assume Cecil includes the maximum amount of Social Security benefits in his income.3) Cecil won a washing machine in an internet contest. The current fair market value of the washing machine is $10,000.4) Cecil’s 40-year old daughter, Sarah, borrowed $60,000 from him on January 2, 2021. She used the money to start a new business. Cecil does not charge her interest, because she can’t afford to pay it, but he does expect to get repaid eventually. Sarah’s income from investments during the year are $1,600. The fed funds rate during 2021 was 6%.What is Cecil’s gross income for 2021?
Cecil's gross income for 2021 is $69,400. This amount includes his pension from his former employer, interest income from Alto National Bank and City of Alto Bonds, dividends from IBM stock, amounts received from annuity contracts, and Social Security benefits.
It also includes the fair market value of the washing machine he won and the investment income earned by his daughter, Sarah, on the loan he gave her.
In addition, Cecil's gross income also includes an imputed interest income of $3,600, which is equal to 6% of the $60,000 loan he gave his daughter.
This imputed interest income is to be included in his income, as Cecil expects to get the loan repaid eventually.
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identify the differences between functional/sequential approach and integrated/concurrent engineering approach. (check all that apply.)
discover the differences between functional/sequential method and integrated/concurrent engineering approach. In sequential approach, the graph tiers are pursued sequentially, whilst in concurrent approach, the improvement things to do overlap
What is the difference between concurrent engineering and sequential engineering?Concurrent engineering is a method through which several businesses inside an company work simultaneously to create new merchandise and services. The concurrent engineering is a non-linear product sketch system all through which all stages of manufacturing operate at the equal time.
Concurrent engineering, also regarded as simultaneous engineering, is a approach of designing and creating products, in which the distinctive levels run simultaneously, as an alternative than consecutively.
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https://brainly.com/question/28526677#SPJ4Here are the budgets of Brandon Surgery Center for the most recent historical quarter (in thousands of dollars):
Static Flexible Actual
Number of surgeries 1,200 1,300 1,300
Patient Revenue $2,400 $2,600 $2,535
Salary Expense 1,200 1,300 1,365
Non-Salary Expense 600 650 585
Profit $600 $650. $585
The center assumes that all revenues and costs are variable and hence tied directly to patient volume.
a. Explain how each amount in the flexible budget was calculated. (Hint: Examine the static budget to determine the relationship of each budget line to volume.)
b. Determine the variances for each line of the profit and loss statement, both in dollar terms and in percentage terms. (Hint: Each line has a total variance, a volume variance, and a price variance [for revenues] or management variance [for expenses].)
c. What do the results from part b tell Brandon’s managers about the surgery center’s operations for the quarter?
To fully understand and explain the flexible budget, determine the variance and understand what the results tell the managers of the surgery center about the quarter, let's go ahead with the explanation.
Profit And Loss Variances for the centre.a. The flexible budget was calculated as follows:
Patient Revenue: $2,400 (static budget) x 1,300 (actual surgeries) / 1,200 (budgeted surgeries) = $2,600 (flexible budget)Salary Expense: $1,200 (static budget) x 1,300 (actual surgeries) / 1,200 (budgeted surgeries) = $1,365 (flexible budget)Non-Salary Expense: $600 (static budget) x 1,300 (actual surgeries) / 1,200 (budgeted surgeries) = $585 (flexible budget)b. The variances for each line of the profit and loss statement are:
Patient Revenue: $2,535 (actual) - $2,600 (flexible budget) = -$65 (dollar variance)Volume variance: $2,600 (flexible budget) - $2,400 (static budget) = $200 (favorable)Price variance: -$65 (dollar variance) - $200 (volume variance) = -$265 (unfavorable)Salary Expense: $1,365 (actual) - $1,300 (flexible budget) = $65 (dollar variance)Volume variance: $1,365 (actual) - $1,200 (static budget) = $165 (favorable)Management variance: $65 (dollar variance) - $165 (volume variance) = -$100 (unfavorable)Non-Salary Expense: $585 (actual) - $650 (flexible budget) = -$65 (dollar variance)Volume variance: $585 (actual) - $600 (static budget) = -$15 (unfavorable)Management variance: -$65 (dollar variance) - (-$15) (volume variance) = -$50 (unfavorable)Profit: $585 (actual) - $650 (flexible budget) = -$65 (dollar variance)c. The results of part b indicate the following:
The actual patient revenue was lower than the flexible budget by $65. This can be attributed to a combination of lower volume (favorable) and lower prices (unfavorable).
The actual salary expense was higher than the flexible budget by $65. This can be attributed to higher volume (favorable) and higher costs (unfavorable).
The actual non-salary expense was lower than the flexible budget by $65. This can be attributed to lower volume (unfavorable) and better cost control (favorable).
The actual profit was lower than the flexible budget by $65. This is a combination of the variances from all the other lines.
Overall, the results suggest that while the surgery center performed better than expected in terms of volume, they experienced lower revenue due to lower prices and higher expenses due to higher costs. The managers will need to examine the reasons for these variances and take action to improve the center's operations in future quarters.
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