23. Costs of normal shrinkage and normal continuous losses in a process costing environment are handled by the method of neglect. true or false
Answers
The statement is false because costs of normal shrinkage and normal continuous losses in a process costing environment are handled by the method of including these costs in the cost of production.
The cost of normal shrinkage and normal continuous losses in a process costing environment is not handled by the method of neglect, but by the method of accretion.
In process costing, normal shrinkage and normal continuous losses are considered to be a part of the production process and are expected to occur. These losses are absorbed by the remaining units in the ending inventory, and the cost is added to the cost of the remaining units. This process is called accretion.
The method of neglect, on the other hand, involves ignoring the costs of normal shrinkage and normal continuous losses, which is not an appropriate method for handling these costs in process costing.
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Related Questions
direct connections with carefully targeted individual consumers to both obtain an immediate response and cultivate lasting customer relationships are known a
Answers
Direct connections with carefully targeted individual consumers to both obtain an immediate response and cultivate lasting customer relationships are known as "direct marketing."
Direct marketing is a promotional strategy that involves communicating directly with consumers to deliver personalized messages, offers, or information about products or services.
aims to establish a direct and interactive relationship between the company and its target customers.
Key characteristics of direct marketing include:
1. Targeted approach: Direct marketing focuses on reaching specific individuals or segments based on demographic, behavioral, or psychographic factors. It allows companies to tailor their messages to specific customer preferences and needs.
2. Immediate response: Direct marketing seeks to generate an immediate response from customers, encouraging them to take action such as making a purchase , requesting more information, or subscribing to a service.
3. Relationship building: Direct marketing aims to cultivate lasting customer relationships by fostering ongoing communication and engagement. It involves maintaining regular contact with customers, delivering relevant content, and offering personalized incentives or rewards.
Direct marketing methods can include various channels such as direct mail, email marketing, telemarketing, SMS marketing, social media marketing, and personalized websites or landing pages. These channels enable companies to directly engage with customers, measure response rates, and track the effectiveness of their marketing efforts.
Overall, direct marketing provides a targeted and interactive approach to connect with individual consumers, generate immediate responses, and foster long-term customer relationships.
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An electronics store sells specialty headphones for $100. They usually sell 5
pairs per day and purchase 150 pairs from their suppliers per month.
According to the law of supply, which outcome would be most likely if the
store could sell the headphones for $120 without losing customers?
A. The store would purchase 175 pairs per month,
B. The store would sell 3 pairs per day.
C. The store would sell 7 pairs per day,
D. The store would purchase 100 pairs per month.
Answers
D. The store would purchase 100 pairs per month
As the electronics store sells specialty headphones for $100. They usually sell 5 pairs per day and purchase 150 pairs from their suppliers per month. According to the law of supply, if the store could sell the headphones for $120 without losing customers then it would have to sell 7 pairs per day.
What is Law of supply?
Law of supply is a fundamental principal of Economic theories. It states that keeping all the other factors at constant, an increase in the the price of the product results in the increased supply of that product.
What is the Formula of Law of Supply?Qs = x + yP
Where:
n Qs = the quantity supplied
n X = quantity
n P = price
n Y = variable
Hence option C is the correct answer.
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Zimmerman Auto sells new and used cars. Its assets are as follows: (1) the showroom building, a separate building used to service customer cars, and various parking lots, (2) a nearby acre of land not currently used by the auto dealership, (3) new and used cars and trucks for sale to customers, and (4) a car that is used to provide rides to customers who prefer to wait at home while their cars are serviced. The assets that are classified as plant assets on the company's balance sheet include:
A. (1) and (2)
B. (1) and (4)
C. (1). (2), and (3)
D. (1). (3), and (4)
Answers
Answer:
B. (1) and (4)
Explanation:
Plant assets are tangible assets that have a useful life of more than 1 year, and are used by the company in its normal operations.
The cars available for sale are part of the inventory while the land is considered an investment. The only plant assets are the showroom and surrounding buildings, and the car that provides free rides to customers.
What does it mean if your net assets increase
Answers
Answer: When a company earns income
Explanation: the value of a company's assets minus its liabilities. It is calculated ((Total Fixed Assets + Total Current Assets) – (Total Current Liabilities + Total Long Term Liabilities)).
. Determine the monthly payments of principal and interest for a 20 year loan
e. Determine their total monthly payment, including homeowners' insurance and taxes
f. Determine whether the couple will qualify for the 20 year loan
g. Determine how much of the first payment on the loan is applies to the principal.
Answers
In order to determine the monthly payments of principal and interest for a 20-year loan, we can use the loan amount, interest rate, and loan term to calculate the amortized monthly payments.
e) By adding the monthly payments of principal and interest to the homeowners' insurance and property taxes, we can determine the total monthly payment.
f) By considering the couple's income, credit score, and debt-to-income ratio, we can evaluate whether they qualify for the 20-year loan.
g) With an amortization schedule and the loan details, we can determine the specific amount that applies to the principal in the first payment.
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What is an example of a biological hazard?
A. Norovirus
B. Chlorine
C. Insulation
D. Hair
Answers
A typical example of a biological hazard is: A. Norovirus.
What is a biological hazard?A biological hazard is also referred to as biohazard and it can be defined as any type of biological substance which poses risk to the general well-being and health of a living organism such as:
NorovirusBacteriaFungiIn this context, we can infer and logically deduce that a typical example of a biological hazard is norovirus.
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how does cost-benefit analysis help make economic decisions?
Answers
Cost-benefit analysis (CBA) is a tool that helps make economic decisions by comparing the costs and benefits of a particular project or policy.
CBA helps to identify the net benefits of a project or policy by subtracting the costs from the benefits. This allows decision-makers to see whether the benefits of a project or policy outweigh the costs and whether it is worth investing in or implementing. By using CBA, decision-makers can make informed choices about how to allocate resources and can ensure that they are using them in the most efficient and effective way possible.
CBA is a quantitative tool that helps decision-makers to weigh the costs and benefits of different options, it also helps to identify potential trade-offs and helps to prioritize among alternative options. It is widely used by government agencies, private organizations, and international bodies to evaluate the impact of proposed projects and policies.
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A new invention lowers the cost of producing widgets. a. How does this change affect the supply and/or demand for widgets? b. What happens to the equilibrium price of widgets? c. What happens to the equilibrium quantity of widgets sold?
Answers
a. The new invention that lowers the cost of producing widgets would affect the supply of widgets.
b. The equilibrium price of widgets would decrease.
c. The equilibrium quantity of widgets sold would increase
With lower production costs, suppliers can now offer widgets at a lower price, which increases the quantity they are willing to supply. As a result, the supply curve for widgets shifts to the right, indicating an increase in supply.
With the increase in supply due to the lower production costs, the market will experience an excess supply of widgets at the current equilibrium price. To clear the market, suppliers will have to lower the price of widgets to attract more buyers. As a result, the equilibrium price will decrease.
As the supply of widgets increases due to the lower production costs, more widgets will be available in the market. At the new lower equilibrium price, consumers will be willing to purchase a greater quantity of widgets. Therefore, the equilibrium quantity of widgets sold will increase as a result of the decrease in price and the increase in supply.
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Consumer surplus is the difference between the maximum price a consumer is willing to pay:_____.
Answers
Consumer surplus is the difference between the maximum price a consumer is willing to pay the actual price they pay for the goods, or the market price. When customers pay less for a good or service than they would be willing to, this is known as a consumer surplus. According to each person's preferences, a good or service's utility differs from person to person.
The economic concept of marginal utility, which is the additional enjoyment a customer receives from purchasing one more unit of an item or service, serves as the foundation for consumer surplus. Consumer surplus always rises as a good's price falls and falls as a good's price rises.
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Julie and Barry Spinos purchased a house for $96,400. They made a 25 percent down payment and financed the remaining amount at 5.50 percent for 30 years. Their monthly payment is $410.66. How much of the first monthly payment is used to reduce the principal?
Answers
Answer: $79.30
Explanation:
Cost of the house = $96400
Down payment = 25% × $96400 = $24100
Mortgage = $96400 - $24100 = $72300
Interest = 5.5%
Time = 5 years
Monthly payment.= $410.66
The interest for first payment will be:
= $72300 × 5.5% × 1/12
= $72300 × 0.055 × 0.08333
= $331.36
Therefore, the amount of the first monthly payment is used to reduce the principal will be:
= $410.66 - $331.36
= $79.30
Explain the importance of team dynamics (plz help)
Answers
Team dynamics in the workplace are important because they impact creativity, productivity and effectiveness. Since group work is integral to organisations, improving group dynamics can lead to better work outcomes, customer satisfaction and an improved bottom line.
the motor city miracle playoff game took place on january 8, 2000, when the tennessee titans returned a kickoff for a touchdown with 16 seconds left. what team did the titans beat in that game?
Answers
In January 8, 2000, the Motor City Miracle Playoff game took place that saw the Tennessee Titans play the Buffalo Bills.
The Motor City Miracle Playoff game:
Was played between the Buffalo Bills and the Tennessee Titans Ended in victory for the Titans Saw the Titans win with 16 seconds to goIn this very intriguing game, the Buffalo Bills were well on their way to victory after they scored a field goal with 16 seconds to go. The Titans however, scored a touchdown in those mere seconds to win the game 22 - 16
In conclusion, the Tennessee Titans played the Buffalo Bills.
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In 2016 based on people ages 15-74 the Swedish adult non-institutionalized population was about 7. 3 million, the labor force was 5. 2 million, and the number of people employed was 4. 8 million. According to these numbers, the Swedish labor force participation rate and unemployment rate were about
a. 71. 2% and 7. 7%
b. 71. 2% and 5. 5%
c. 65. 8% and 7. 7%
d. 65. 8% and 5. 5%
Answers
According to these numbers, the Swedish labor force participation rate and unemployment rate were about option a: 71.2% and 7.7%.
To calculate the labor force participation rate and unemployment rate, we need to use the following formulas:
Labor Force Participation Rate = (Labor Force / Adult Non-Institutionalized Population) * 100
Unemployment Rate = (Unemployed / Labor Force) * 100
Given the information provided:
Adult Non-Institutionalized Population = 7.3 million
Labor Force = 5.2 million
Number of People Employed = 4.8 million
Using the formulas above, we can calculate the rates:
Labor Force Participation Rate = (5.2 million / 7.3 million) * 100 = 71.23%
To calculate the number of unemployed people, we subtract the number of employed people from the labor force:
Unemployed = Labor Force - Number of People Employed
Unemployed = 5.2 million - 4.8 million = 0.4 million
Unemployment Rate = (0.4 million / 5.2 million) * 100 = 7.69%
Rounding these values to one decimal place, we find that the labor force participation rate is approximately 71.2% and the unemployment rate is approximately 7.7%.
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Which results are more likely for someone without personal finance skills? Select three options.
larger long-term credit or loan costs
less preparation for emergencies
fewer utility expenses
simple long-term investment strategies
increased long-term challenges
Answers
Answer:
1,2 & 5
Explanation:
Answer:
1, 2, 5
Explanation:
edge 2021
PLZ HELP ON TIMER CARRERS!!!!! 15 POINTS
The advantages of being an entrepreneur are _____.
a.
excitement, independence, and financial risk
b.
flexibility, independence, and salary potential
c.
short working hours, independence, and financial risk
d.
administration, short working hours, and excitement
Please select the best answer from the choices provided
Answers
Answer:
B.
Explanation:
It seems most reasonable.
PLS NEED HELP IM BEHIND BAD
Answers
Answer:
The first answer
Explanation:
Just took it
Playbill magazine reported that the mean annual household income of its readers is $119,155 (Playbill, January 2006). Assume this estimate of the mean annual household income is based on a sample of 80 households and, based on past studies, the population standard deviation is known to be $30,000. [15 pts] a. Develop a 90% confidence interval estimate of the population mean. [5 pts] b. Develop a 95\% confidence interval estimate of the population mean. [5 pts] c. Develop a 99\% confidence interval estimate of the population mean.
Answers
Estimate population means annual household income using sample data, using confidence intervals at 90%, 95%, and 99%.
a. For a 90% confidence interval, we can use the formula:
Confidence interval = sample mean ± (critical value * standard error)
The critical value for a 90% confidence level is obtained from the t-distribution with degrees of freedom (n - 1).
With a sample size of 80, the degrees of freedom are 79. The standard error is the population standard deviation divided by the square root of the sample size.
b. Similarly, for a 95% confidence interval, the critical value is obtained from the t-distribution with 79 degrees of freedom.
c. For a 99% confidence interval, the critical value is obtained from the t-distribution with 79 degrees of freedom.
By plugging in the values and calculating the confidence intervals using the formulas mentioned above, we can obtain the range of the population mean at each confidence level.
In summary, confidence intervals are constructed to estimate the population's mean annual household income.
The intervals at 90%, 95%, and 99% confidence levels provide ranges within which the true population mean is likely to lie, based on the given sample data and known population standard deviation.
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4/ "People 3. How can you are attracted to the poultry farming these days" Explain with practical examples.people are attracted to the poultry farming these days explain with particle example
Answers
we can attracted to the poultry farming these days by saying eveyone to involve in this work and be excited
Which economic system involves little government regulation or interference?.
Answers
Market economic systems involves little government regulation or interference.
What is market economic systems?This system based it concept on free markets. In this Market system, the government have just little control over their resources and little interference in the system
This economy is not involved with important segments of the economy.
Therefore, market economic systems involves little government regulation or interference.
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Which degree or certification do you need for a career in business information management?
To pursue a career in business information management, you need to have a degree or diploma in
A. human resources management
B. business administration
C. psychology
, or in business information management. You can also have certification in management information systems (MIS), or a(n)
A. doctoral
B. professional
C. associate
degree in IT.
Answers
Explanation:
B i had this before super simple
Answer:
Business administrationAs we are going to construct our career in business information field we need a diploma in Business administration.
ProfessionalThe degree must be professional otherwise it won't be any. helpful at all.
You are considering buying a very fancy painted statue from either Country A (which we'll call the domestic economy, if that's helpful) or Country B. In Country A's currency, the statue costs 400 , and in Country B it costs 12,000. One unit of Country B's currency currently trades for 40 units of I I ountry A's. Calculate the real exchange rate, carefully following all:
Answers
The real exchange rate is 1,200%.
Exchange rate can be defined as the value of one currency against another. To calculate the real exchange rate, we first need to convert the currency of Country B to that of Country A. In this case, the exchange rate is 1:40, meaning that for every unit of Country B's currency, we need 40 units of Country A's currency.
In Country B, the price of the statue is 12,000 units of their currency. To convert this value to Country A's currency, we can use the exchange rate:
1 unit of Country B's currency = 40 units of Country A's currency
Therefore, 12,000 units of Country B's currency = 12,000 * 40 units of Country A's currency = 480,000 units of Country A's currency
Now we can compare the price of the statue in both countries. In Country A, the price is 400 units of their currency, while in Country B, the price is 480,000 units of Country A's currency.
The real exchange rate can be calculated as follows:
Real Exchange Rate = (Price of Country B / Price of Country A) × 100%
Real Exchange Rate = (480,000 / 400) × 100%
Real Exchange Rate = 1,200%
Thus, the real exchange rate is 1,200%.
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The real exchange rate between Country A and Country B, based on the given exchange rate and prices, is 1,200%.
Exchange rate can be defined as the value of one currency against another. To calculate the real exchange rate, we first need to convert the currency of Country B to that of Country A. In this case, the exchange rate is 1:40, meaning that for every unit of Country B's currency, we need 40 units of Country A's currency.
In Country B, the price of the statue is 12,000 units of their currency. To convert this value to Country A's currency, we can use the exchange rate:
1 unit of Country B's currency = 40 units of Country A's currency
Therefore, 12,000 units of Country B's currency = 12,000 * 40 units of Country A's currency = 480,000 units of Country A's currency
Now we can compare the price of the statue in both countries. In Country A, the price is 400 units of their currency, while in Country B, the price is 480,000 units of Country A's currency.
The real exchange rate can be calculated as follows:
Real Exchange Rate = (Price of Country B / Price of Country A) × 100%
Real Exchange Rate = (480,000 / 400) × 100%
Real Exchange Rate = 1,200%
Thus, the real exchange rate is 1,200%.
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I know this is impossible but can you guys help? Doesn’t have to use fancy words and doesn’t have to be long, I’m not English native speaker but I have to
Don’t use all the words if it’s too difficult
Answers
Answer:
sorry I didn't see your question
Explanation:
very very sorry for my information
which concept describes the financial procedures used to calculate the value of currencies and credits when capital is transferred across borders through trade, investment, foreign aid, and loans? group of answer choices international monetary system foreign investment monetary policy international currency trading
Answers
The international monetary system is a crucial concept that describes the financial procedures used to calculate the value of currencies and credits when capital is transferred across borders through trade, investment,
The concept that describes the financial procedures used to calculate the value of currencies and credits when capital is transferred across borders through trade, investment, foreign aid, and loans is the international monetary system.The international monetary system is a structure of international financial institutions and rules that facilitate international trade and investment. It is a system for exchanging one nation's currency with that of another nation and for determining the value of currencies.The international monetary system is critical to global trade and finance. It allows businesses, governments, and individuals to exchange one currency for another when they engage in trade and investment. It is also responsible for ensuring that the value of currencies is maintained and that the global financial system remains stable and secure.In conclusion, the international monetary system is a crucial concept that describes the financial procedures used to calculate the value of currencies and credits when capital is transferred across borders through trade, investment, foreign aid, and loans. It is a vital part of the global economy and plays a significant role in ensuring that the international financial system remains stable and secure.
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Suppose a customer is unable to pay its account on time, so the company accepts a six-month interest-bearing note receivable to replace the customer's account receivable. over the next six months, what effect will accepting the note receivable have on the company's financial statements?
Answers
Accepting a six-month interest-bearing note receivable from a customer to replace an account receivable will have the following effects on the company's financial statements:
Balance Sheet: The accounts receivable balance will decrease by the amount of the note receivable, and the note receivable will be recorded as a new asset on the balance sheet. The note receivable will also include interest, which will be recognized as interest income over the six-month period.
Income Statement: The interest income earned from the note receivable will be recognized as interest revenue on the income statement over the six-month period.
Cash Flow Statement: Initially, there will be no effect on the cash flow statement, as no cash has been received. However, when the note receivable is paid off at the end of the six months, there will be an increase in cash from the payment of the principal and interest.
Overall, accepting a six-month interest-bearing note receivable will result in a decrease in accounts receivable on the balance sheet, recognition of interest revenue on the income statement, and an increase in cash when the note is paid off at the end of the six months.
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Prepare the Manufacturing Overhead Budget assuming: 1. The supervisor salaries are $42,000 per quarter. 2. The indirect material is expected to be $1.15 per direct labor hour. 3. Depreciation is expected to be $6,500 per quarter. 4. Other variable cost is expected to be $1.75 per direct labor hour. 5. Property taxes and insurance are expected to be $11,500 per quarter. 6. Indirect labor is expected to be $1.60 per direct labor hour. 7. Maintenance is expected to be $.25 per direct labor hour plus $3,500 per quarter. Prepare the Selling and Administrative Budget assuming: 1. Advertising expenses are expected to be of $2,500 per quarter. 2. Freight-out is expected to be $1.10 per unit sold. 3. Sale Commission is expected to be $2.45 per unit sold. 4. Office salaries are expected to be $3,200 per quarter. 5. Depreciation is expected to be $1,750 per quarter. 6. Other variable costs are expected to be $.25 per unit sold. 7. Sales salaries are expected to be $18,000 per quarter. 8. Property taxes and insurance are expected to be $750 per quarter. 9. Miscellaneous expense is expected to be $.15 per direct labor hour plus $350 per quarter. Prepare the Budgeted Income Statement with the information above and the following information: 1. Manufacturing overhead required per unit is 2.5 2. Interest Expense is $12,000. 3. Income tax rate is 15.5%
Answers
The Manufacturing Overhead Budget assumes the following: 1. The supervisor salaries are $42,000 per quarter.2. Indirect material is expected to be $1.15 per direct labor hour.3. Depreciation is expected to be $6,500 per quarter.4. Other variable cost is expected to be $1.75 per direct labor hour.
5. Property taxes and insurance are expected to be $11,500 per quarter.6. Indirect labor is expected to be $1.60 per direct labor hour.7. Maintenance is expected to be $.25 per direct labor hour plus $3,500 per quarter. MEDICAL GEAR Manufacturing Overhead Budget For the Quarter Ending June 30 Quarter 1Quarter 2Quarter 3Quarter 4 TotalDirect Labor Hours (DLHs)48000480004800048000192000 Manufacturing Overhead: Supervisor
Freight-out is expected to be $1.10 per unit sold.3. Sale Commission is expected to be $2.45 per unit sold.4. Office salaries are expected to be $3,200 per quarter.5. Depreciation is expected to be $1,750 per quarter.6. Other variable costs are expected to be $.25 per unit sold.7. Sales salaries are expected to be $18,000 per quarter.8. Property taxes and insurance are expected to be $750 per quarter.
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Is it a good time to convert US dollars to Canadian?
Answers
Exchange rate dynamics are driven by various factors and can change rapidly. To determine if it is a good time to convert US dollars to Canadian dollars, one must consider various factors such as economic and political conditions, interest rates, and market sentiment. The following is a detailed explanation of these factors and their impact on the exchange rate between the two currencies.
Economic conditions are one of the key factors affecting the exchange rate between two currencies. Keyword factors include the Gross Domestic Product (GDP) growth, inflation rates, and trade balances of each country. For example, if the Canadian economy is growing at a faster rate than the US economy, it may be a good time to convert US dollars to Canadian dollars.
Political conditions also play a crucial role in determining exchange rates. Keyword events such as elections, changes in government policies, and geopolitical tensions can all impact the value of a currency. For instance, if there is political stability in Canada and economic growth, the Canadian dollar is likely to appreciate relative to the US dollar, making it a good time to convert US dollars to Canadian dollars.
Interest rates also play a role in determining exchange rates. Keyword, the higher the interest rate in a country, the more attractive its currency is to investors, as they can earn a higher return on their investments. For example, if the Bank of Canada raises interest rates, it is likely to boost the value of the Canadian dollar relative to the US dollar, making it a good time to convert US dollars to Canadian dollars.
Finally, market sentiment also affects exchange rates. Keyword, if there is a general sense of optimism in the market, demand for a currency is likely to increase, leading to appreciation. On the other hand, if market sentiment is negative, demand for a currency may decrease, leading to depreciation.
In conclusion, to determine if it is a good time to convert US dollars to Canadian dollars, it is important to consider various factors such as economic and political conditions, interest rates, and market sentiment. It is advisable to keep an eye on these factors and seek professional advice before making a currency conversion.
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Plywood is made by gluing together thin layers of wood. Which term best describes plywood?a. Responsesb. naturalc. composited. raw materiale. conductor
Answers
Plywood is made by gluing together thin layers of wood. The term that best describes plywood is: composite. The correct option is C
This is because plywood is made by gluing together thin layers of wood, called veneers, to create a larger sheet. These veneers are typically made from a variety of woods, including hardwoods and softwoods, and are layered in alternating directions to provide strength and stability.
Composite materials are made by combining two or more different materials to create a new material with different properties than the original components. Plywood is a perfect example of a composite material, as it combines different types of wood to create a stronger, more durable product.
While plywood is made from natural raw materials, it is not typically considered a natural product because it has been processed and altered to create a new material. Additionally, plywood is not a conductor, as it does not conduct electricity or heat very well.
In summary, plywood is a composite material made from natural raw materials, but it is not a natural product. It is strong, durable, and versatile, making it a popular choice for construction and manufacturing applications. The correct option is C
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Complete question:
Plywood is made by gluing together thin layers of wood. Which term best describes plywood?
a. Responses
b. natural
c. composite
d. raw material
e. conductor
A company has a poor impression with the public. Who might they hire to make it better?
A.
A graphic designer
B.
An advertising agent
C.
A public relations manager
D.
A quality assurance professional
Answers
Answer:
c
Explanation:
,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Unemployment has decreased and price level and real gdp have risen. what are two possible actions the federal government has taken to cause this?
Answers
Possible actions for decreased unemployment, increased price levels, and higher real GDP: expansionary fiscal policies (spending, tax cuts) and monetary policies (lowering rates, quantitative easing) to stimulate demand and economic activity.
The federal government might have taken several different acts to lower unemployment, raise prices, and boost real GDP. Implementing expansionary fiscal policies, such as raising taxes or expanding government expenditure, is one viable course of action. These actions may increase corporate hiring and generate demand, which will lower the unemployment rate. Additionally, rising pricing might be the result of greater expenditure on goods and services.
Implementing monetary policies, such as cutting interest rates or participating in quantitative easing, is another option. These measures can promote borrowing and spending, which will boost the economy's activity and real GDP. Together, these acts may help to establish an atmosphere that is conducive to economic growth, with reduced unemployment, higher prices, and greater real GDP.
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fresh eggs moving from farms to a retailer and then on the final consumer , identify points in the supply chain where the eggs might used to be stored. Why is it essential to move eggs quickly down the supply chain?
Answers
Eggs are regarded as the ideal food. They are vitamin and protein-rich, easy to prepare, and affordable for even the retailer most frugal food buyers. To meet demand, it is supply chain that egg production would increase by 50% by 2030.
The advantages of keeping a high supply chain velocity are several. Not only can higher supply chain velocity boost customer happiness, but it can also shorten shipment times, lower shipping costs, improve inventory tracking, and streamline operations for more retailer efficiency. It's crucial to take immediate action and foresee when supplies are likely to run low in order to promptly place orders and maintain control over supply and resources.
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