Concisely explain why business data typically involves nonrandom
assignment of strategic variables.
Answers
Business data typically involves nonrandom assignment of strategic variables as businesses operate based on strategic decision-making. To ensure the process is optimal use nonrandom assignment of strategic variables.
Businesses operate based on strategic decision-making. Nonrandom assignment of strategic variables ensures that the data generated is accurate and reliable, leading to informed decisions. For instance, the marketing department of a company may decide to distribute questionnaires or surveys to a specific group of people. The group may be people who are more likely to purchase the product. This nonrandom assignment ensures that the data collected is accurate and reliable, which is essential in making strategic marketing decisions.Using nonrandom assignment of strategic variables is also essential in data analysis. Data analysis usually involves the identification of trends and patterns in the data. However, data analysis only provides useful information when the data analyzed is accurate and reliable. This is why businesses use nonrandom assignment of strategic variables to generate accurate data. Consequently, the decisions made using this data are also reliable.
In conclusion, businesses use nonrandom assignment of strategic variables because it is an essential component of strategic decision-making. It guarantees that the data generated is accurate and reliable, leading to informed decisions. In data analysis, nonrandom assignment of strategic variables ensures that the information analyzed is accurate and reliable, leading to more effective decision-making.
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Related Questions
The following purchases were made by a business house having three departments: Dept. A 1,000 units Dept. B 2,000 units at a total of $ 1,00,000 Dept. C 2,400 units Stock on January 1, were Dept. A 130 units Dept. B 80 units Dept. C 152 units The sales were Dept. A 1,020 units at $. 20 each Dept. B 1,920 units at $ 22.50 each Dept. C 2,496 units at $. 25 each The rate of gross profit is the same in each case. Prepare the departmental Accounts.
Answers
The following purchases were made by a business house having three departments to prepare the departmental accounts, we need to calculate the cost of goods sold and the closing stock for each department.
Calculate the cost of goods sold for each department:
Dept. A:
COGS = opening stock + purchases - closing stock
= 130 + 1,000 - 1,020
= 110
Dept. B:
COGS = opening stock + purchases - closing stock
= 80 + 2,000 - 1,920
= 160
Dept. C:
COGS = opening stock + purchases - closing stock
= 152 + 2,400 - 2,496
= 56
Calculate the gross profit for each department:
Dept. A:
Gross profit = Sales - COGS
= (1,020 * $20) - (110 * Cost Price per unit)
= $20,400 - (110 * Cost Price per unit)
Dept. B:
Gross profit = Sales - COGS
= (1,920 * $22.50) - (160 * Cost Price per unit)
= $43,200 - (160 * Cost Price per unit)
Dept. C:
Gross profit = Sales - COGS
= (2,496 * $0.25) - (56 * Cost Price per unit)
= $624 - (56 * Cost Price per unit)
Now, prepare the departmental accounts:
Dept. A:
Sales: $20,400
COGS: 110 units
Gross profit: $20,400 - (110 * Cost Price per unit)
Dept. B:
Sales: $43,200
COGS: 160 units
Gross profit: $43,200 - (160 * Cost Price per unit)
Dept. C:
Sales: $624
COGS: 56 units
Gross profit: $624 - (56 * Cost Price per unit)
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financial information about a company is as follows: receivables $ 4,000,000 inventory 2,600,000 payables 3,700,000 sales 50,000,000 cost of goods sold 45,000,000 assuming a 365-day year, what is the number of days in the company’s cash conversion cycle?
Answers
The cash conversion cycle (CCC) measures the time it takes for a company to convert its investments in inventory and accounts receivable into cash. It is calculated by adding the average collection period (ACP) and the average payment period (APP), and then subtracting the average inventory period (AIP).
To find the ACP, we divide the receivables by the daily sales. The sales are $50,000,000 and the number of days in a year is 365, the ACP is calculated as $4,000,000 / ($50,000,000 / 365), which equals 29.2 days. To find the APP, we divide the payables by the daily cost of goods sold (COGS). The APP is calculated as $3,700,000 / ($45,000,000 / 365), which equals 30.1 days. The AIP is found by dividing the inventory by the daily COGS. The AIP is calculated as $2,600,000 / ($45,000,000 / 365), which equals 21.1 days. Now we can calculate the CCC by adding the ACP and APP, and then subtracting the AIP. The CCC is calculated as 29.2 + 30.1 - 21.1, which equals 38.2 days.
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How investment tax credit and employment tax credit can be used to address unemployment?
Answers
Answer:
Investment tax credit means that companies will pay less taxes if they invest in new projects. These new projects will need people to work on them for it to be successful. When companies take advantage of investment tax credits therefore and invest, they end up hiring people which would reduce unemployment.
Employment tax credit has a more direct effect on unemployment. It reduces taxes per worker hired so if an employer wants to take advantage of this, they should employ more people which would directly reduce unemployment.
what is the difference of communism and socialism?
Answers
For socialism there is limited Private owner ship, government and private entities,Limited class distinctions and production for societal needs .
As a business consultant to a grocery store, your job is to determine what pricing policy would be appropriate for increasing the total revenue. The first step you would take would be to Group of answer choices reduce staff in order to reduce operating costs. increase the price of all products. determine the price elasticity of supply for all products sold at the store. determine the price elasticity of demand for all products sold at the store.
Answers
As a business consultant for this store to determine the appropriate pricing i would determine the price elasticity of demand for all products sold at the store.
The price elasticity of demand can be described as the measurement of the economic impacts of changes in price on the quantity that would be demanded by the consumers.
It would be necessary to observe how the price of the goods would affect the demand. If the prices are too high and the demand falls, the revenue would drop.
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Amelie received an email that claimed to be from a Nigerian prince who needed help setting up
a bank account but would pay thousands of dollars if Amelie helped him. What kind of email is
this?
a) Ad
b) Spam
c) Junk
d) Support
Answers
Answer:
Explanation:
Spam
What would a casualty insurance policy cover?
Answers
Answer:
auto insurance policy
Answer: A customer injury caused by employee negligence
When a firm evaluates how other companies react to the firm’s marketing activities, it is attempting to understand what aspect of the immediate environment?.
Answers
Answer:
It depends
Explanation:
It depends on if the companies are part of suppliers, competitors, marketing intermediaries, customers and publics. If they are then yes. But in general I would agree.
If student says they have credit for a class but does not have proof, can an override be provided?
Answers
An override for class credit without proof is generally not possible.
Academic institutions typically require official documentation to verify credits before granting an override. Contact your institution's registrar or academic advisor for guidance on how to provide the necessary proof.
To request an override without proof, follow these steps:
1. Speak with your academic advisor about your situation and ask for guidance on how to proceed.
2. Gather any unofficial documents or information related to the class credit in question.
3. Submit a formal request to the registrar or department responsible for overrides, explaining your situation and providing any unofficial documentation available.
4. Await a decision from the institution. They may request additional information or proof before making a decision.
5. If the override is granted, ensure that your course registration is updated accordingly. If not, work with your academic advisor to determine the best course of action to obtain the necessary credits.
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Which of the following would be the best way for you to promote your pressure washing business?
O a. free sample
O b. discount coupon
O c.contest
d. gift with purchase
Answers
Answer:
B. I would say a discount copoun would help Since they are essentially a form of marketing, coupons function similarly to print ads. ... Once they have brought those people into business establishments, coupons begin to help businesses make money, because consumers will be motivated to spend more than the incentive cost of the coupon in their purchases
Explanation:
a u.s. insurance company purchased british 20-year treasury bonds instead of u.s. 20-year treasury bonds because the coupon rate was 2 percentage points higher on the british bonds. assume that the insurance company sold the bonds after five years. its yield over the five-year period was substantially less than the yield it would have received on the u.s. bonds over the same five-year period. assume that the u.s. insurance company had hedged its exchange rate exposure. given that the lower yield was not because of default risk or exchange rate risk, explain how the british bonds could have generated a lower yield than the u.s. bonds. (assume that either type of bond could have been purchased at the par value.) if british interest rates declined or remained constant while u.s. interest rates increased, the u.s. bonds could have been sold at a much higher price than british bonds. if british interest rates increased or remained constant while u.s. interest rates declined, the u.s. bonds could have been sold at a much higher price than british bonds. if british interest rates increased or remained constant while u.s. interest rates declined, the u.s. bonds could have been sold at a much lower price than british bonds.
Answers
The 20-year Treasury bonds purchased by the U.S. insurance company were British, rather than U.S. bonds, because the coupon rate was 2 percentage points higher on the British bonds.
After five years, the yield the insurance company received from the British bonds was substantially lower than the yield it would have received from the U.S. bonds.
This lower yield was not due to default or exchange rate risk, as the company had hedged its exchange rate exposure.
The lower yield was likely due to changes in interest rates. If British interest rates decreased or remained constant while U.S. interest rates increased, the U.S. bonds could have been sold at a much higher price than the British bonds, which would have resulted in a lower yield for the insurance company.
Similarly, if British interest rates increased or remained constant while U.S. interest rates declined, the U.S. bonds could have been sold at a much lower price than the British bonds, again resulting in a lower yield.
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Who would win Hawk Eye (Marvel) or The Green Arrow (DC)
Answers
Answer:
Buff animal crossing.
Explanation:
Answer:
Green Arrow
Explanation:
which of the following would most likely occure if the government imposed a binding price ceiling? a quantity sold will increase b supply will shift to the right c quantity demanded will increase d demand will increase e there will be a surplus
Answers
If the government imposed a binding price ceiling, the most likely outcome would be option e: there will be a surplus.
A price ceiling is a maximum price set by the government that suppliers cannot legally exceed. When the price ceiling is set below the equilibrium price, it creates a situation where the quantity demanded exceeds the quantity supplied. This leads to a shortage in the market.
To address this shortage, suppliers may try to increase their production to meet the demand, but they are legally unable to raise the price above the ceiling. As a result, a surplus is created because the quantity supplied exceeds the quantity demanded at the given price.
The surplus occurs because suppliers are unable to sell all of their products at the price determined by the price ceiling. This surplus can lead to inefficiencies in the market, as suppliers may have to lower their prices even further to sell their excess inventory.
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Intel Corporation reported the following on its 2016 income statement (in millions): Sales revenue $59,387 Gross profit $36,191 Total expenses $23,317 What did Intel report for cost of goods sold during 2016
Answers
The Intel Corporation reported a cost of goods sold of $12,874 million during 2016.
the cost of goods sold (COGS) for Intel Corporation in 2016, we can use the formula:
COGS = Gross Profit - Total Expenses
the Gross Profit is reported as $36,191 million and the Total Expenses are reported as $23,317 million, we can substitute these values into the formula:
COGS = $36,191 million - $23,317 million
Now, we can subtract the Total Expenses from the Gross Profit to find the COGS:
COGS = $12,874 million
Therefore, Intel Corporation reported a cost of goods sold of $12,874 million during 2016.
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which statements are true regarding revenue recognition over time and upon completion? (select all that apply.) multiple select question. revenue recognition upon completion is required for all long-term construction contracts. the same total amount of gross profit is recognized under both methods. revenue recognition over time provides a more realistic measure of a project's periodic performance. the timing of gross profit recognized is the same under both methods.
Answers
The statements that are true regarding revenue recognition over time and upon completion are options (b) the same total amount of gross profit is recognized under both methods and (c) revenue recognition over time provides a more realistic measure of a project's periodic performance.
Revenue recognition upon completion is suitable for long-term contracts that span over a significant period, such as a year or more, while revenue recognition over time is suitable for contracts where performance occurs over time.
Under revenue recognition upon completion, revenue and gross profit are recognized once the contract is completed or substantially completed, while under revenue recognition over time, revenue and gross profit are recognized as the project progresses.
Both methods recognize the same total amount of gross profit over the life of the contract. However, revenue recognition over time provides a more accurate measure of the project's periodic performance, whereas revenue recognition upon completion does not provide any information about how the project is progressing until the end.
Therefore, the correct options are (b) the same total amount of gross profit is recognized under both methods and (c) revenue recognition over time provides a more realistic measure of a project's periodic performance.
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The country of Bratislaka hired Gudurn to assist with government policies regarding the macroeconomy. Gudrun is a neoclassical economist and makes all decisions based on those economic philosophies. What policies will Gudrun tell the government to enact in order to foster a health economy
Answers
The policies that Gudrun will tell the government to enact in order to foster a healthy economy are to keep inflation low and maintain low tax levels.
What is tax?It should be noted that tax simply means the compulsory levy that's paid to the government by individuals and businesses.
In this case, the policies that Gudrun will tell the government to enact in order to foster a healthy economy are to keep inflation low and maintain low tax levels.
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Carmen Co. can further process Product ) to produce Product D. Product) is currently selling for $19,30 per pound and costs $14.50 per pound to produce. Product D would sell for $39.25 per pound and would require an additional cost of $8.00 per pound to produce The differential cost of producing Product Dis Oa 1040 per pound Ob. 55.16 per pound Oc. $6.00 per pound Od $10.32 per pound Carmen Co. can further process Product 1 to produce Product D. Product 1 is currently selling for $19.30 per pound and costs $14.80 per pound to produce. Product D would sell for $39.25 per pound and would require an additional cost of $8.00 per pound to produce. The differential cost of producing Product Dis Oa. $60 per pound Ob. 55.16 per pound Oc 16 per pound Od. 110.32 per pound Carmen Co. can further process Product I to produce Product D. Product J is currently selling for $19.30 per pound and costs $14.80 per pound to produce. Product D would sell for $39.25 per pound and would require an additional cost of $8.60 per pound to produce. The differential cost of producing Product Dis Oa. 58.60 per pound Ob. 15.16 per pound Oc. $6.08 per pound Od. $10.32 per pound
Answers
The correct answer is option-C. Differential cost refers to the difference between the cost of producing two different products. The formula for differential cost is: Differential Cost = (Cost of Producing Product A) - (Cost of Producing Product B).
For Carmen Co., the differential cost of producing Product D from Product 1 is $5.50 per pound ($14.80 cost of producing Product 1 - $8.00 additional cost of producing Product D).
The differential cost of producing Product D from Product J is $8.60 per pound ($14.80 cost of producing Product J - $8.60 additional cost of producing Product D).
To determine the best choice for Carmen Co., the incremental revenue and cost must be considered. The incremental revenue is the additional revenue that Carmen Co. would earn by producing Product D instead of Product 1 or Product J. The incremental cost is the additional cost that Carmen Co. would incur to produce Product D instead of Product 1 or Product J.
The incremental revenue and cost can be calculated as follows: Incremental Revenue = Selling Price of Product D - Selling Price of Product 1 or J. Incremental Cost = Additional Cost of Producing Product D from Product 1 or J.
Comparing the incremental revenue and cost for both options, Carmen Co. should produce Product D from Product 1 because it has a higher incremental revenue and lower incremental cost than producing Product D from Product J.
Therefore, the correct answer is option-C.
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Which of the following is a disadvantage to Linux?
Olearning curve
O customizability
O cost
Ofreedom
Answers
Answer:
Learning curve
Explanation:
Holding all other personal characteristics-such as age, gender, and income-constant, economists would expect that.
Answers
Holding all other personal characteristics such as age, gender, and income-constant, economists would expect that people with health insurance are more likely to be overweight than people without health insurance.
Health insurance is a sort of insurance protection that covers the insured's medical and surgical costs. Health insurance can either pay the healthcare provider directly or compensate the insured for costs related to illness or damage.
A regular health insurance policy typically covers any ambulance costs incurred in the event of a medical emergency. This has a big advantage because expensive hospitals frequently charge a lot for transportation.
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Explain the importance of office for an organization long answer
Answers
Answer:
The answer to this question is given below in this explanation section.
Explanation:
" importance of office for an organization"
An office is the center point of organization.It is a place to perform different activities of a business organization.The office is the brain of the whole organization.The office performs a critical function such as information collection,collection,recording analyzing distribution of information and executive function such as planning,organization,policies formulation,decision making etc.
It is used by management for the purpose of planning,organizing,staffing,directing,and controlling.Office not only keep record of information but also pay the role of reliable channel of communication the information.It is required for smooth functioning of the organization.
Proper organisation facilities the intensive use of human capital.Organization stimulates creativity.By providing well defined areas of work and ensuring delegation of authority,Organization provides sufficient freedom to the managers and encourages their initiative,independent thinking and creativity.
This document shows that you are allowed to work in the United States:
a. cover letter
b. résumé
c. job application
d. work permit
Answers
Answer:
d. work permit
Explanation:
The work permit is also referred to as the Employment Authorization Document or EAD. A work permit has the same design as a driver's license. It is issued by US Citizenship and Immigration Services (USCIS).
Foreigners coming into the US need to obtain a work permit to enable them to seek employment. The work permit card is presented to potential employers as proof that a person is duly authorized to work in the USA.
Answer:
D. Work permit
Explanation:
Did the quiz
Sohail is told by his doctor that he needs to increase his mineral Intake. Which nutrients does he need to increase in his daily diet?
Calcium
Glucose
Starch
Sodium
Carbohydrates
Answers
Answer:
Calcium
/2short
11. What does a bank use to make loans? *
12. What is an action by the Fed that would promote an expansionary policy?
13. What is an action by the Fed that would promote a contractionary policy
Answers
Explanation:
11.
Banks use depositors' money to make loans
12.
A central bank, such as the Federal Reserve in the U.S., will use expansionary monetary to strengthen an economy.
13.
Contractionary policies are macroeconomic tools designed to combat economic distortions caused by an overheating economy.
Ava has a large inventory of electric generators in a database table. Her boss asked her to create a
table of 100 to 500 kilowatt generators that can also be used during freezing weather. How can Ava
use this table to create a promotion for their customers?
Answers
As the existing customer of the company is concern, the list of individual of the database can be incentivized either by sales discount or gift during their next purchase of generator in the company.
What is Promotion in marketing?In marketing, a promotion refers to an form of communication, contact or action aimed at influencing people to buy more of their products or services.
In conclusion, as the existing customer of the company is concern, the list of individual of the database can be incentivized either by discount or gift on their next purpose of generator in the company.
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PLEASE HELP!
Question: Give an example of a patent in business.
Answers
Answer:
Examples of inventions protected by utility patents are a microwave oven, genetically engineered bacteria for cleaning up oil spills, a computerized method of running cash management accounts, and a method for curing rubber.
Explanation:
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a+price+elasticity+of+demand+of+-1.25+means+that+if+price+decreases+by+10%+the+quantity+demanded+will+by+%
Answers
A price elasticity of demand of -1.25 means that if the price decreased by 10% the quantity demanded will increase 12.5.
Price Elasticity of Demand:
Price elasticity of demand is a measure of changes in consumption of a product to changes in price.
Price elasticity of demand =
Percentage change in quantity demanded ÷ Percentage change in price
Economists use price elasticity to understand how supply and demand for a product change when prices change. increase. Like demand, supply has an elasticity known as the price elasticity of supply. Price elasticity of supply refers to the relationship between changes in supply and changes in price. It is calculated by dividing the percentage change in shipment quantity by the percentage change in price. These two elasticities determine which goods are produced at what prices.
Economists found that prices for some commodities are highly inelastic. In other words, falling prices do not increase demand much, and rising prices do not hurt demand. For example, gasoline has a low price elasticity of demand. Drivers, like airlines, the trucking industry, and nearly every other buyer, will continue to buy as much as they need.
Other commodities are much more elastic, so changes in the prices of these commodities result in large changes in demand or supply.
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do this document and I will give you 100 points send it back to me completed all the directions are on here.
Answers
Answer:
I like chicken
Explanation:
a broker developed a website to advertise the broker's office with the brokerage's name, location, and phone number. what additional information does the broker need to include?
Answers
Since the broker already add the brokerage's name, location, and phone number on the website to advertise the broker's office; then no need for any additional disclosures. The correct answer is option D.
What is a broker?A broker is an individual or firm that acts as an intermediary between a buyer and a seller; or between an investor and a securities exchange, who buys and sells goods or assets for others. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
There are 3 types of brokers, those are: Online brokers, a new form of digital investment which interacts with the customer on the internet; Discount brokers, a stockbroker who performs buy and sell orders at a reduced commission rate; and Full-service brokers.
Although part of your question is missing, you might be referring to this full question: A broker developed a website to advertise the broker's office with the brokerage's name, location, and phone number. What additional information does the broker need to include?
A. Name and address of the home office and the states in which the brokerage holds licenses
B. License number of the brokerage and list of current active licensees
C. Names of active licensees, addresses, and phone numbers
D. No need for any additional disclosures
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Although channels of distribution allow consumers and industrial users access to products from all over the world, they do not guarantee that consumers will be able to purchase anything they want. Tiny time they want. Certain products may only be available in limited supplies. Because of supply and demand, channel members may be able to charge higher prices for coveted products. This may be fine for a designer handbag, but what if the product is more basic, like fresh water or medical supplies? Or, let's say there is a hurricane or tornado in a certain part of the country, and many people need to repair their homes and roofs. Is it OK for channel members to mark up hardware products during this time to make a bigger profit?
Answers
Answer:
We can more easily obtain products from all over the world. Channels of distribution allow consumers, industrial users, producers, and other channel intermediaries to save time and money. They also allow us to more easily obtain products from all over the world, since we do not have to travel and search for each individual item we wish to purchase.
When a marketer decides to adopt partnering, emphasis will be placed on: A) selling strategies. B) product development. C) selling tactics. D) the customer
Answers
D) When a marketer chooses to use partnership, the customer will come first. Embracing partnership entails forming connections with other companies in order to better serve the client and offer them a more complete service.
Instead than concentrating simply on selling methods or tactics, this approach emphasizes collaboration and innovation to create value for the consumer. Although it might be a component of collaborating, product creation is not the main focus. The ultimate objective of implementing partnering is to give the client the finest experience imaginable.
Getting a customer through a sale, often known as a direct sale, is the first step in relationship marketing. market reaction. The next stage is to persuade the customer to offer feedback following the sale.
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