The given statement, "a bill of lading proves that the carrier has received the merchandise described on the document" is true as this document serves as evidence of the receipt of goods by the carrier and includes details about the merchandise, such as quantity, type, and destination.
A bill of lading is a legal document that serves as proof of receipt of goods by a carrier, such as a ship or a trucking company, for transportation from one location to another. The document contains details of the goods being transported, the origin and destination of the shipment, and the terms and conditions of the transportation contract.
The bill of lading is issued by the carrier or its authorized agent upon receipt of the goods and serves as evidence that the carrier has taken possession of the merchandise described in the document. It is also a receipt for the goods, acknowledging that they have been loaded onto the carrier's vehicle or vessel for transport to the designated destination.
In addition, the bill of lading serves as a contract between the shipper and the carrier, outlining the terms and conditions of the transportation agreement, such as the delivery date, payment terms, and liability for loss or damage to the goods during transit.
Therefore, a bill of lading does prove that the carrier has received the merchandise described on the document.
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Why do competitive markets move toward equilibrium?
do this document and I will give you 100 points send it back to me completed all the directions are on here.
Answer:
I like chicken
Explanation:
Consider the following annual returns of Molson Coors and International Paper: Molson Coors International Paper Year 1 19.8 % 5.2 % Year 2 − 9.1 − 18.2 Year 3 40.0 − 0.9 Year 4 − 8.3 27.3 Year 5 16.9 − 11.8 Compute each stock’s average return, standard deviation, and coefficient of variation. (Round your answers to 2 decimal places.) Molson Coors International Paper Average return % % Standard deviation % % Coefficient of variation
The Molson Coors is Average return: 11.86%, Standard deviation: 15.44% and Coefficient of variation: 1.30. International Paper is Average return: 0.28%, Standard deviation: 15.64% and Coefficient of variation: 55.86
To compute each stock's average return, standard deviation, and coefficient of variation, we'll use the given annual returns for Molson Coors and International Paper:
Molson Coors:
Year 1: 19.8%
Year 2: -9.1%
Year 3: 40.0%
Year 4: -8.3%
Year 5: 16.9%
International Paper:
Year 1: 5.2%
Year 2: -18.2%
Year 3: -0.9%
Year 4: 27.3%
Year 5: -11.8%
Average Return:
To calculate the average return, we sum up the annual returns for each stock and divide by the number of years.
Molson Coors:
(19.8 - 9.1 + 40.0 - 8.3 + 16.9) / 5 = 11.86%
International Paper:
(5.2 - 18.2 - 0.9 + 27.3 - 11.8) / 5 = 0.28%
Standard Deviation:
To calculate the standard deviation, we first need to calculate the variance. The variance measures the dispersion of returns around the average return.
Molson Coors:
Variance = [(19.8 - 11.86)²+ (-9.1 - 11.86)² + (40.0 - 11.86)² + (-8.3 - 11.86)² + (16.9 - 11.86)²] / 5 = 238.42
Standard Deviation = √238.42 = 15.44%
International Paper:
Variance = [(5.2 - 0.28)^2 + (-18.2 - 0.28)^2 + (-0.9 - 0.28)^2 + (27.3 - 0.28)^2 + (-11.8 - 0.28)^2] / 5 = 244.62
Standard Deviation = √244.62 = 15.64%
Coefficient of Variation:
The coefficient of variation is a measure of risk-adjusted return and is calculated by dividing the standard deviation by the average return.
Molson Coors:
Coefficient of Variation = (15.44% / 11.86%) = 1.30
International Paper:
Coefficient of Variation = (15.64% / 0.28%) = 55.86
The coefficient of variation for International Paper seems unusually high, possibly due to the low average return. It indicates a relatively higher risk compared to the return.
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What type of transactions should be recorded in the Payment, Fee, Withdrawal column
of your check register?
describe reasons and steps you would take to implement safe for an organization. also, what insights led you to believe that these might work and why is this a sustainable competitive strategy?
Implementing safety measures in an organization involves conducting risk assessments, developing comprehensive safety policies and procedures, and providing regular training to employees.
Implementing safety measures in an organization is crucial to protect the well-being of employees, safeguard company assets, and ensure regulatory compliance. To achieve this, the following steps should be taken:
1. Conduct risk assessments: Begin by identifying potential hazards and assessing the level of risk associated with each. This can involve inspecting work areas, reviewing accident reports, and engaging employees in the process to gain valuable insights. By understanding the risks, appropriate preventive measures can be implemented.
2. Develop safety policies and procedures: Create clear and concise safety policies that outline the organization's commitment to maintaining a safe work environment. Establish procedures for reporting incidents, handling emergencies, and addressing potential safety hazards. These policies and procedures should be communicated effectively to all employees to ensure compliance.
3. Provide regular training: Training sessions should be conducted regularly to educate employees about safety protocols and best practices. This includes training on emergency response procedures, proper use of equipment, and awareness of potential workplace hazards. Ongoing training ensures that employees are well-informed and equipped to prioritize safety in their daily tasks.
By implementing these steps, an organization demonstrates its commitment to prioritizing the safety of its employees and stakeholders. It not only reduces the risk of accidents and injuries but also fosters a culture of safety, which can lead to increased productivity, employee satisfaction, and overall organizational success. Moreover, by complying with safety regulations and industry standards, the organization can mitigate legal and financial risks associated with non-compliance.
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Helena has the following long-term capital gains and losses for 2021: $50,000 28% gain, $40,000 28% loss, $22,500 25% gain, and $20,000 0%/15%/20% loss. She also has a $25,000 short-term loss and a $45,000 short-term gain. She has no other income. a. What is Helena's AGI from these transactions
Helena has no other income, her AGI from these transactions is simply her total net capital gain or loss of $34,000.
To calculate Helena's AGI (Adjusted Gross Income) from these transactions, we need to first determine her net long-term capital gain or loss and her net short-term capital gain or loss.
Net long-term capital gain or loss = Total long-term capital gains - Total long-term capital losses
Net long-term capital gain or loss = ($50,000 x 28%) - ($40,000 x 28%) + ($22,500 x 25%) - ($20,000 x 20%)
Net long-term capital gain or loss = $14,000
Net short-term capital gain or loss = Total short-term capital gains - Total short-term capital losses
Net short-term capital gain or loss = $45,000 - $25,000
Net short-term capital gain or loss = $20,000
Therefore, Helena's total net capital gain or loss is:
Total net capital gain or loss = Net long-term capital gain or loss + Net short-term capital gain or loss
Total net capital gain or loss = $14,000 + $20,000
Total net capital gain or loss = $34,000
Helena's AGI from these transactions is calculated as follows:
AGI = Total net capital gain or loss + Other income
Since Helena has no other income, her AGI from these transactions is simply her total net capital gain or loss of $34,000.
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Describe the differences and similarities surrounding the circumstances that caused the financial crisis during the 1980s and the crisis of 2007.
Answer:
The financial crisis that began in the 1980s was the result of lax government regulations and management fraud that led to the closure of more than 1,000 savings and loans. The 2007 crisis was the result of risky mortgage loans and investments connected with those loans. In each case the situation resulted in borrowers’ inability to pay back loans and caused many to lose their homes due to foreclosure.
Explanation: Took the practice test on edge and this was the sample response. ^-^
Increased unemployment, loss of income and increased risk have been among the major social impacts of the crisis.
What do you mean by financial crisis?
A financial crisis is when financial instruments and assets fall sharply in value.
In the 1980s, The financial crisis that occurred was the result of government regulations and administrative fraud that resulted in the closure of savings and more than a thousand loans.
The crisis of 2007 was the result of risky home loans and investments related to those loans.
Thus,these are the differences and similarities of the financial crisis during the 1980s and the crisis of 2007.
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The _______ the maturity of a bond and the _______ the coupon of a bond, the greater the risk. Group of answer choices Shorter, higher Longer, higher Shorter, lower Longer, lower
The shorter the maturity of a bond and the higher the coupon of a bond, the greater the risk.
The maturity of a bond refers to the length of time until the bond's face value is paid back to the bondholder. A shorter maturity means that the bond will be paid back sooner, which may result in less time for the issuer to generate sufficient funds to repay the bond. This shorter time frame may increase the risk of default, or the failure of the issuer to make timely interest payments or repay the bond's face value.
The coupon of a bond refers to the interest rate that the issuer pays to the bondholder. A higher coupon means that the issuer will be paying a higher interest rate to the bondholder. This may result in the issuer having to generate more funds to make those payments, which may increase the risk of default.
Therefore, when both factors are considered together, a bond with a shorter maturity and a higher coupon may have a greater risk of default than a bond with a longer maturity and a lower coupon.
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Ivie Clarke has decided to launch a numbers game like Sudoku. She estimates her fixed costs to be £5,000. The variable costs are £1.20 per game. She intends to sell the games for £5.00 each. Ivie estimates she will sell 1,400 games a month. 7 (a) What is her total revenue if she sells 1,400 games? (1) (b) What are her total costs if she sells 1,400 games?(1) (c) How much profit does she make if she sells 1,400 games?(1) 8 How many games does she need to sell to cover her total costs?(1) 9 In fact the fixed costs of the business were actually £5,500. How much profit or loss would Ivie make if she sold 1,400 games. (2)
Her total revenue if she sells the 1,400 games of the numbers game is £7,000.
What is revenue?The average sales price is multiplied by the quantity of units sold to arrive at revenue, which represents the money generated by normal business operations. Net income must be deducted from the top line (or gross sales) figure in order to be calculated. In the salary summary, revenue and sales are synonymous. To determine how effectively a business collects unpaid debt, it is critical to review the cash flow summary. Cash accounting, in comparison, only records purchases as revenue when actual money changes hands. "Receipt" is the term used to describe money provided to a business. For receipts to show, income is not necessary. For instance, there will be a receipt but no income from a customer who pre-paid for a service or goods that were never delivered.
Ivie's total revenue if she sells the 1,400 games is:
Revenue = Price per game x Number of games sold
Revenue = £5.00 x 1,400
Revenue = £7,000
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fred and ann both decide to see the same movie when they are given free movie tickets. we know that A) the cost of going to the movie is greater for the one who had more choices to do other things. B) both bear an opportunity cost since they could have done other things instead of see the movie C) both bear the same opportunity cost since they are doing the same thing D) neither bears an opportunity cost because the tickets were free.
Both Fred and Ann bear an opportunity cost since they could have done other things instead of see the movie.
The cost of going to the movie is not the monetary cost of the ticket, but the opportunity cost of the other things they could have done with their time.
Fred and Ann may have had different opportunities to do other things. For example, Fred might have had to work late, while Ann might have had to study for an exam. In this case, Fred's opportunity cost of going to the movie would be higher than Ann's.
However, even if Fred and Ann had the same opportunities, they would still bear an opportunity cost. For example, they might both have had the opportunity to go to the gym or to spend time with friends. In this case, the opportunity cost of going to the movie would be the same for both Fred and Ann.
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Eric is maximizing his total utility through his choices of two goods: clothes and food. His marginal utility of clothes is 60 and his marginal utility of food is 12. The price of clothes is $20. What must be the price of food
Answer:
$4 per unit
Explanation:
utils per $1 spent on clothes = total utils from clothes / price of clothes = 60 / $20 = 3 utils per dollar spent
since Eric is maximizing his total utility, then the utils obtained from food must also equal 3 per every dollar spent on food:
3 = 12 / price of food
price of food = 12 / 3 = $4 per unit
What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.
Answer:
I think D is correct answer
The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
The information related to the profit is as follows:
It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.Therefore all the other options are incorrect.
Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
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help plz thanks
Drag each label to the correct location on the image. Not all tiles will be used.
Determine the purpose of conducting sales presentations.
Answer:
to share product information
Which investment has the least amount of default risk?
A)
junk bonds
B)
common stocks
c)
corporate bonds
D)
US Treasury bonds
Answer:
D....U.S. Treasury Bonds!
What is characteristic of an organization in which salespeople do most or all of their own marketing?
independent
small size
nonprofit
private
Answer:
private
Explanation:
people are doing private marketing to earn money for themselves
Tanisha, the owner of a local fitness gym, has asked you to explain the five forces model of industry attractiveness to her. What would you advise her to eliminate from her consideration of the five forces in the fitness industry?Multiple Choicecompetitive pressures from the relative bargaining power of buyers of gym membershipscompetitive pressures from the relative bargaining power of suppliers to the fitness industrycompetitive pressures from changes in local and state laws governing employment practices and minimum wagescompetitive pressures from the threat of new rivals entering the fitness industrycompetitive pressures from the providers of at-home fitness workouts and equipment
The five forces model of industry attractiveness is an important concept for understanding the competitive pressures in the fitness industry. However, among the options provided, it is advisable to eliminate "competitive pressures from changes in local and state laws governing employment practices and minimum wages" i.e. option C from your consideration of the five forces in the fitness industry.
Here is a brief explanation of the five forces model for your understanding:
1. Competitive pressures from the relative bargaining power of buyers of gym memberships: This refers to the influence that customers have on pricing and service offerings in the industry.
2. Competitive pressures from the relative bargaining power of suppliers to the fitness industry: This involves the influence that suppliers, such as equipment manufacturers and service providers, have on the fitness industry's costs and resources.
3. Competitive pressures from the threat of new rivals entering the fitness industry: This refers to the potential for new competitors to enter the market and challenge existing gyms and fitness centers.
4. Competitive pressures from the providers of at-home fitness workouts and equipment: This force considers the competition from alternative fitness solutions, such as home workout programs and equipment, which may affect the demand for gym memberships.
The eliminated option, "competitive pressures from changes in local and state laws governing employment practices and minimum wages," is not part of the five forces model, as it relates more to the overall business environment rather than competitive pressures within the fitness industry. Therefore, option c is the right one.
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Suppose the money market, drawn with the value of money on the vertical axis, is in equilibrium. If the money supply increases, then at the old value of money there is an a. excess demand for money that will result in a decrease in spending. b. excess demand for money that will result in an increase in spending. c. excess supply of money that will result in a decrease in spending. d. excess supply of money that will result in an increase in spending.
Answer: excess supply of money that will result in an increase in spending
Explanation:
The money market refers to the total amount of money that's in circulation in an economy at a particular time.
If the money supply increases, this implies that there'll be more money available for the people in the economy to spend. This ultimately leads to the increase in the demand for goods and services in an economy.
Therefore, the correct option will be "excess supply of money that will result in an increase in spending".
when is subsidy necessary in comodity supply
Answer:
A subsidy is a benefit given to an individual, business, or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.
Explanation:
What is likely to happen if the price of a product goes up?
A.
The supply is likely to increase.
B.
The supply is likely to decrease.
C.
The demand is likely to cause scarcity.
D.
The demand is likely to increase.
Answer:
A. The supply is likely to increase.
Explanation:
When a product's price goes up less people are going to buy that product. As a result the supply of that product increases because there are less people consuming it.
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the direct write-off method is used for tax purposes but is generally not permitted for financial reporting. true or false?
True, the direct write-off method is used for tax purposes but is generally not permitted for financial reporting.
Direct write-off method occur when account receivable uncollectible are written or recorded as bad debt and this occur when the money a company is expecting to receive from their customers or clients are uncollectible because the customer did not pay.
Direct write-off method is used for tax purposes because bad debt expense is recorded based on uncollectible amount which is the amount a company is not expecting to receive from their debtors.
This method is not in accordance with the Generally accepted accounting principles which is why it is generally not permitted for financial reporting.
Inconclusion True, the direct write-off method is used for tax purposes but is generally not permitted for financial reporting.
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traditionally,accounting practice homework includes exercises which are marked in class. as a mordern teacher you want to apply alternative methods of homework to enhance learners understanding of accounting. use an example and explain to a colleague how you can use this alternative method of homework
E-learning is a highly effective alternative method of homework that enhances learners' understanding of accounting. It provides students with flexibility, a range of resources, practical application, immediate feedback, and visual aids.
As a modern teacher, it is necessary to apply alternative methods of homework to enhance learners' understanding of accounting. One example of such a method is online learning or e-learning, which involves the use of technology to facilitate learning.Using e-learning to teach accounting, students can access the coursework at their own pace and time, which allows them to have a better understanding of the subject.
One way to apply this alternative method is to use learning management systems (LMS) such as Blackboard or Moodle, which provide students with access to a range of resources, such as videos, podcasts, and online textbooks that can support their learning. Additionally, teachers can create online quizzes, case studies, and interactive simulations, which can help learners apply accounting concepts and principles in practical ways.
This would provide students with immediate feedback, as they can check their progress and find areas of weakness that require further study. E-learning is also helpful for students who learn better through visual aids as it allows them to see images and graphs to illustrate accounting concepts.
In conclusion, e-learning is a highly effective alternative method of homework that enhances learners' understanding of accounting. It provides students with flexibility, a range of resources, practical application, immediate feedback, and visual aids.
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One way to demonstrate a potential robber that dollar general employees care about their store is to
One way to demonstrate to a potential robber that Dollar General employees care about their store is to Option C. keep a clean, in-stock, and recovered store.
By keeping the store clean and organized, the employees are indicating that they care about the appearance and reputation of the store and are committed to keeping it looking its best for customers and the community. A clean and organized store can also indicate that employees are attentive and focused on their work, which can deter potential robbers who may be looking for an easy target.
In addition, a well-stocked and recovered store can indicate that the employees are efficient and skilled at their job, which can also deter potential robbers who may be looking for a vulnerable or disorganized store. Wearing a proper uniform can also demonstrate that employees care about their store, as it shows that they are representing the company and taking pride in their appearance.
Arriving for work on time and being punctual can indicate that employees are committed and dependable, which can also contribute to a positive impression of the store and its employees. Taking breaks on time can also indicate that employees are following company policies and procedures, which can help to maintain a professional and well-managed store.
Overall, demonstrating care and commitment to the store can help to create a positive and professional image of Dollar General, which can deter potential robbers and create a safer and more welcoming environment for customers and employees alike. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
One way to demonstrate to a potential robber that Dollar General employees care about their store is to:
A. Take a break on time
B. Wear a proper uniform
C. Keep a clean, in-stock, and recovered store
D. Arrive for work 10 minutes early
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This assignment will help you apply porter's forces to an organization to find competitive opportunities using technology. ASSIGNMENT In this assignment you will choose an organization, and then walk through each force and ultimately choose a technology strategy to create an advantage. - Choose an industry, and then choose an organization within that industry. Describe both briefly. - Using Porter's Five Forces, for each force describe a 'problem' and an 'opportunity' within each force for the organization you selected in the above step. For Example: If I chose fast food and McDonald's, a problem for McDonalds in the customer force is that customers are increasingly becoming health focused. An opportunity for McDonald's would be to explore 'power shakes' that include workout supplements. - Next, examine the four basic competitive strategies. For each strategy, identify your selected organization's main competitor that would fit in that strategy (describe why you feel it fits). Which strategy (area) provides the most opportunity for your organization and which area does your organization belong to? - Finally, make a statement on what your selected organization's strategy should be.
Industry and Organization The industry that has been chosen for this analysis is the Automobile industry. The organization that has been selected for this analysis is Tesla. Tesla is an American company that specializes in the manufacturing of electric vehicles, solar panels, energy storage, and related products. Tesla is considered as one of the leading companies in the electric vehicle industry.Porter's Five Forces Porter's Five Forces is a framework that is used for industry analysis and is utilized to identify the competitive intensity of an industry.
The five forces are Supplier Power, Buyer Power, Competitive Rivalry, Threat of Substitution, and Threat of New Entry. The following is the analysis of each force for Tesla.Supplier Power The supplier power is considered to be low for Tesla as the company produces most of its own parts and components. Furthermore, Tesla has partnerships with suppliers that help the company in maintaining a steady supply chain. The opportunity for Tesla is to invest in research and development to find new materials and reduce the cost of manufacturing.Buyer Power The buyer power is moderate for Tesla as the company has a loyal customer base, which has a limited number of choices in the electric vehicle market. The opportunity for Tesla is to expand its product line and cater to a wider customer base.Competitive Rivalry The competitive rivalry in the electric vehicle industry is intense with companies such as BMW, Chevrolet, and Nissan as its competitors. Tesla has a competitive advantage due to its brand image, superior technology, and charging infrastructure. The opportunity for Tesla is to expand its presence in the market and focus on its unique selling points.Threat of Substitution The threat of substitution for Tesla is moderate, as some customers might opt for hybrid vehicles or traditional gasoline vehicles. The opportunity for Tesla is to expand its product line and offer vehicles with different price ranges and models.Threat of New Entry The threat of new entry is low for Tesla as the company has established itself as a leading company in the electric vehicle market.
Furthermore, the company has an extensive charging infrastructure and access to a large pool of talent. The opportunity for Tesla is to expand globally and reach out to untapped markets.Competitive Strategies The four basic competitive strategies are Cost Leadership, Differentiation, Cost Focus, and Differentiation Focus. The following is the analysis of each strategy for Tesla.Cost Leadership The main competitor that fits in this strategy for Tesla is Chevrolet Bolt. Chevrolet Bolt has a lower price point as compared to Tesla, but Tesla has an advantage in terms of range, charging infrastructure, and technology. Tesla should focus on reducing the cost of manufacturing and introducing an entry-level electric vehicle to cater to the mass market. Differentiation The main competitor that fits in this strategy for Tesla is BMW i3. BMW i3 is considered to be a premium electric vehicle that has a unique design and advanced features.
Tesla should focus on developing innovative technologies and expanding its product line to cater to a wider customer base.Cost Focus The main competitor that fits in this strategy for Tesla is Nissan Leaf. Nissan Leaf has a lower price point as compared to Tesla, but Tesla has an advantage in terms of range, charging infrastructure, and technology. Tesla should focus on reducing the cost of manufacturing and introducing an entry-level electric vehicle to cater to the mass market.Differentiation Focus The main competitor that fits in this strategy for Tesla is Porsche Taycan. Porsche Taycan is considered to be a premium electric vehicle that has a unique design and advanced features. Tesla should focus on developing innovative technologies and expanding its product line to cater to a wider customer base.
The strategy that provides the most opportunity for Tesla is Differentiation as it is an established brand that has a loyal customer base. Tesla should focus on introducing new products, expanding its charging infrastructure, and improving its technology. Tesla belongs to the Differentiation area.StatementTesla should focus on differentiation and offer unique products and services that cater to the needs of its customers. Tesla should expand its charging infrastructure and invest in research and development to improve its technology. Tesla should also consider introducing an entry-level electric vehicle to cater to the mass market.
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what new resources, capabilities, and competencies might southwest need to acquire to maintain competitive advantage in the future
Strategic resource-rich organizations enjoy major competitive advantages.
What are the resources, capabilities, and unique skills of Southwest Airlines?The ability of a corporation to use and manage its resources is referred to as capability. Southwest's management offers incentives to its employees. One of its key advantages is the reasonable fares, which are typically about 30% less expensive than those of its main rivals.
Exploitable resources that can provide you a competitive advantageThe resource-based theory of competitive advantage states that innovations gain a long-term advantage by accumulating and using resources to satisfy customer needs in ways that are difficult to duplicate or replace. It asserts that variables other than the innovation itself are responsible for successful inventions.
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What is the science that studies trends and changes in human populations?
A. Cohorts
B. Statistics
O c. Technology
D. Demography
Answer:
The answer to your question is D.
Demography is the statistical study of trends and changes in human populations. Thus, the correct option is D). Demography.
What is Demography?
Demography refers to the statistical study of human population. It includes the study of human populations and population changes and trends by using different resources such as statistics of births, deaths, income and disease.
Demography is the scientific study which is important to understand the structure of a population in order to plan health and public health interventions, to know how far the growth rate of the economy is keeping pace with the growth rate of population etc.
Demographers are those researchers who conduct demographic analysis by using census data, surveys, and statistical models to analyze the size, movement, and structure of populations.
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optimistic people view challenges as opportunities to influence decisions.
Answer:true
Explanation:true
When the business cycle or economic activity is declining, the economy is said to be in....?
A
the trough
B
contraction
C
expansion
D
recovery
contraction is to decline the answer is B
A Rubis petrol station in Papine has hired a Utech graduate, Derval Watts to bring some order to the chaos that existed in the ordering and inventory control of lubricants. Derval called the finance department and was told that for the purpose of his analysis, the appropriate holding cost for lubricants is 24% per year. The demand per month is 208 cases. At a cost of $6.32 per case, the cost for ordering the lubricants is estimated to be $83 per order. Lead time is 5 days and petrol station is opened every day except Christmas day. a) How many cases of lubricants do you recommend that Derval orders every time he places an order. b) Determine the estimated holding cost; and ordering cost 4 c) Would it be true to say it takes Derval approximately 76 days between orders. Justify your answer d) How many orders will Derval have placed each year e) Determine the re-order point f) What can Derval expect his Total Annual cost to be
Answer:
Explanation:a) To determine the optimal order quantity, we can use the economic order quantity (EOQ) formula:
EOQ = sqrt((2 * demand * ordering cost) / holding cost)
EOQ = sqrt((2 * 208 * $83) / 0.24) ≈ 165 cases
Therefore, Derval should order approximately 165 cases of lubricants every time he places an order.
b) The estimated holding cost can be calculated using the formula:
Holding Cost = (EOQ / 2) * holding cost per case
Holding Cost = (165 / 2) * ($6.32 * 0.24) ≈ $119.23
The ordering cost is given as $83 per order.
c) No, it would not be true to say it takes Derval approximately 76 days between orders. To calculate the time between orders, we need to consider the lead time and the number of days the petrol station is open:
Days between orders = (EOQ / demand) * (lead time + 1) / (days open per month)
Days between orders = (165 / 208) * (5 + 1) / (30 - 1) ≈ 3.51 days
So, it takes Derval approximately 3.51 days between orders, not 76 days.
d) The number of orders Derval will have placed each year can be calculated by dividing the number of working days in a year by the days between orders:
Number of orders = 365 / (Days between orders)
Number of orders = 365 / 3.51 ≈ 104 orders
Therefore, Derval will place approximately 104 orders per year.
e) The reorder point is the level of inventory at which a new order should be placed. It can be calculated as:
Reorder Point = (demand * lead time) / (days open per month)
Reorder Point = (208 * 5) / (30 - 1) ≈ 35.86 cases
So, the reorder point is approximately 35.86 cases.
f) The total annual cost can be calculated by summing the ordering cost, holding cost, and the cost of purchasing the lubricants:
Total Annual Cost = (ordering cost * number of orders) + holding cost + (demand * cost per case)
Total Annual Cost = ($83 * 104) + $119.23 + (208 * $6.32)
Total Annual Cost ≈ $8,632.32
Therefore, Derval can expect his total annual cost to be approximately $8,632.32.
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What are some well paying animal related jobs that don't require lots of school?
Answer:
groomer, kennel attendant, veterinary assistant, trainer, Animal Control worker.
Explanation:
these are all examples of high paying animal related jobs that do not require less of school, though depending on the facility, they may require schooling.
What is being journalized in the Cash Receipts Journal?
In the Cash Receipts Journal, only cash receipts are journalized.
When a company maintains separate journals for its transactions, there is a Cash Receipts Journal for recording cash receipts. There are also Cash Payment, Sales (on Credit), Purchases, Adjusting, and General Journals.
Thus, the transactions that are recorded in the Cash Receipts Journal are only cash receipt entries.
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