Answer:
a. Their needs require different products/services or different prices
Explanation:
A customer segment is a term in business that is used to describe a group of consumers with identical or related needs, behaviors, or other characteristics. For example Mass Market, Niche Market, etc.
However, customer groups represent separate segments based on the following:
1. their needs mandate and justify a distinct offer
2. they are sold through various distribution means.
3. they need different types of connection or arrangement.
4. they are ready to pay for various items of the offer
If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
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In the manufacture of car tires, a particular production process is known to yield 10 tires with defective walls in every batch of 100 tires produced. From a production batch of 100 tires,
a sample of 4 is selected for testing to destruction
Find the probability that the sample contains 1 defective tire.
Answer:
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Madison Park Co-op, a whole foods grocery and gift shop, has provided the following data to be used in its service department cost allocations:
Service Departments Operating Departments
Administration Janitorial Groceries Gifts
Departmental costs before allocations $200,000 Â Â Â Â Â $50,000 Â Â Â Â $3,850,000 Â Â $330,000 Â Â Â
Employee-hours         470           330            2,720           150   Â
Space occupied square feet         900            1,100           9,100         900 Â
Required:
Using the step-down method, allocate the costs of the service departments to the two operating departments. Allocate Administration first on the basis of employee-hours and then Janitorial on the basis of space occupied.
Answer:
Madison Park Co-op
Allocation of Departmental Costs:
Service Departments Operating Departments
Administration Janitorial Groceries Gifts
Departmental costs
before allocations $200,000 $50,000 $3,850,000 $330,000
Administration -200,000 206,250 1,700,000 93,750
Janitorial -256,250 242,857 13,393
Total costs 0 0 $5,792,857 $437,143
Explanation:
a) Data and Calculations:
Service Departments Operating Departments
Administration Janitorial Groceries Gifts
Departmental costs
before allocations $200,000 $50,000 $3,850,000 $330,000
Employee-hours 470 330 2,720 150
Space occupied
square feet 900 1,100 9,100 900
Administration costs:
Janitorial = $200,000 * 330/3,200 = $206,250
Groceries = $200,000 * 2,720/3,200 = $1,700,000
Gifts = $200,000 * 150/3,200 = $93,750
Janitorial costs:
Groceries = $256,250 * 2,720/2,870 = $242,857
Gifts = $256,250 * 150/2,870 = $13,393
If you own a business that operates in a certain building then you are liable for the condition of the building.
True
False
Who will be the first Trillonare in this world ?
The person who is expected to become the first Trillionaire is Jeff Bezos, founder, and CEO of Amazon.
According to a study conducted by Comparison, Jeff Bezos could become the world’s first Trillionaire by the year 2026. This prediction was made on the basis of the average percentage of growth of Bezos’ net worth over the last five years. The study also highlighted that Bezos’ wealth has grown by an average of 34% over the last five years. At this rate of growth, his net worth could reach $1 trillion by the year 2026.
However, the current COVID-19 pandemic has had a negative impact on the economy, and Bezos’ net worth has already decreased by over $20 billion since the start of the pandemic. Despite this, it is still possible that Bezos may become the world’s first Trillionaire in the future, but there are also other contenders who could reach this milestone, such as Elon Musk, CEO of Tesla and SpaceX. However, as of now, there is no confirmed Trillionaire in the world.
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types of insurance policies
1. Life Insurance: This type of insurance policy provides financial protection to the policyholder's beneficiaries in the event of the policyholder's death. It can also provide financial security to the policyholder in retirement.
What is policyholder?A policyholder is a person or entity who owns an insurance policy. The policyholder is the person or entity who pays the premiums and is the beneficiary of the policy.
2. Health Insurance: This type of insurance policy provides coverage for medical expenses incurred by the policyholder. It can cover medical bills, prescription drugs, and other medical expenses.
3. Homeowners Insurance: This type of insurance policy protects a homeowner's house, personal property, and liability for any damage or injury that occurs on the homeowner's property.
4. Auto Insurance: This type of insurance policy provides coverage for damage or injury that occurs in an automobile accident.
5. Disability Insurance: This type of insurance policy provides coverage for lost wages or a decrease in income due to a disability.
6. Long-Term Care Insurance: This type of insurance policy provides coverage for long-term care services such as nursing home care, home health care, and assisted living.
7. Business Insurance: This type of insurance policy provides coverage for the business's assets, liabilities, and other risks associated with running the business.
8. Travel Insurance: This type of insurance policy provides coverage for unexpected costs incurred while traveling, such as medical expenses, cancelled flights, lost luggage, and more.
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What is profitability
Answer:
Profitability is a measure of a company’s ability to generate earnings or profits over a specific period. It is calculated by taking the company’s net income and dividing it by its revenue. A company’s profitability is important because it indicates how well it is managing its resources and generating returns for its shareholders. A high profitability ratio is generally considered a positive sign, while a low profitability ratio may suggest that the company is not using its resources effectively.
Explanation:
Hope this helps.
Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?
Reggie's medical expense deduction is $7,276.
AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.
Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:
Drugs (prescribed by physicians): $5,701
Marijuana (prescribed by physicians): $1,470
Health insurance premiums-after taxes: $1,280
Doctors' fees: $1,320
Eyeglasses: $445
Over-the-counter drugs: $270
Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.
Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486
Reimbursements: $570
Medical expenses after reimbursements: $10,486 - $570 = $9,916
To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.
Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.
Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.
Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276
Therefore, Reggie's medical expense deduction is $7,276.
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1.Why is knowledge of consumer behavior important to the marketer?
The knowledge of consumer behavior is extremely important to the marketer in order to provide the customers with best possible products and earning profit for himself sideways.
CONSUMER BEHAVIOR is the study of consumers and the processes they use to select the product. It particularly deals with the psychological of the customer i.e., What the think? What they want? What are the trends they are interested in? At what price do they feel comfortable? And so on.
When the marketer understands the mental state of the consumer then he/she becomes fit to earn and compete with his fellow marketers. This enables him to provide the customers with the products of their choice at reasonable prices. This is how he sustains in market and earns profit.
Example: a marketer understands that customers are attracted by discounts. So he would increase the actual cost of product and increase the discount price. The selling price is not changed but since the customer thinks he is getting more discount, he is attracted.
Consumer Behavior is of great significance to marketers because it helps them to survive in the industry. It helps them to analyze business trends and helps to keep up with their competitors. It also helps to retain their customers.
Consumer buying behavior refers to the analysis of consumers' actions when selecting whether to get a good that meets their needs. it's an investigation into how customers behave and what motivates them to purchase and use particular goods.
The study of consumer purchasing behavior is crucial for marketers because it helps them comprehend what customers anticipate from them. Understanding what prompts a consumer to get a product is useful.
The importance of consumer behavior to marketers is discussed below:
Consumer diversification: It's a technique used in marketing to set one consumer apart from a group of related consumers. This aids in creating a target market of consumers who exhibit the same or comparable behavior.Customer Retention: Consumer behavior is incredibly crucial for both attracting new consumers and keeping hold of current ones. A satisfied customer is more likely to form the same purchase in the future. Therefore, it's important to sell the product in a way that encourages repeat purchases from customers.Forecasting Demand Patterns: By doing a consumer behavior analysis, a business can avoid spending plenty of money and energy on creating a product that won't be popular with customers.Competitiveness: Understanding and handling the competition are made easier by studying consumer behavior. Your brand may have a competitive edge supported consumer expectations.Develop Unique New Technologies: Businesses continually exerting to increase the likelihood that their novel ideas or new products will succeed. Amongst the foremost crucial methods is to carry out a thorough and careful study of consumer behavior.Learn more about consumer behavior : https://brainly.com/question/9566137
Write an elevator pitch for someone that will start their own beauty salon/barber shop
An effective technique to introduce your company's goals and pique interest in your goods or services is through an elevator pitch. A compelling pitch will draw in potential.
Product: What does that mean?The object being sold is referred to as a product. A service or even an object both qualify as products. It might take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price.
Is a remedy a thing?The easiest way to distinguish between a product and a solution is to say that a product is what you have made and what it is capable of. A business outcome who offers your clients quantifiable value is a solution.
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What is ROL in the hotel industry and how is ROL calculated?
The ROI in the hotel industry help to calculate the economic value of the activities, and can be calculated by finding the return through hotel establishment.
What is ROl in the hotel industry?Return of interest can be described as the one that help with the economic value as a result of the various activities.
It should be noted that it help to give the measurement of the yield that is been gotten from an investment as well as ion making calculation about the return.
In conclusion , the Return of interest can be gotten by making the division of the profit that is been generated by the cost of that investment.
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NOTE; This is a complete question , no given option , even on the internet.
What amount must be set aside now to generate payments of $30,000 at the beginning of each year for the next 11 years if money is worth 5.95%, compounded annually? (Round your answer to the nearest cent.)
The amount that must be set aside in the present, to generate payments of $30, 000 for the next 11 years is $251,326.61
How to find the amount to set aside?The $30, 000 generated each year is an annuity which means that the amount to be set aside today is the present value of the annuity.
Because the payments come at the beginning of the year, this is an annuity due which means that we are looking for the present value of an annuity due.
This present value can be found as:
= Annuity amount x Present value of annuity due factor, 11 years, 5.95%
= 30, 000 x 8.38
= $251,326.61
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What is characteristic of Cloud computing?
The characteristic of Cloud computing are On-Demand Self-Service, Broad Network Access, Resource Pooling, Rapid Elasticity and Measured Service.
Cloud computing is a technology paradigm that offers on-demand access to a shared pool of computing resources over the internet. It is characterized by several key features:
On-Demand Self-Service: Cloud computing allows users to provision and access computing resources, such as servers, storage, and applications, as needed without requiring human interaction with service providers. Broad Network Access: Cloud services are accessible over the internet from a variety of devices, including desktop computers, laptops, tablets, and smartphones.Resource Pooling: Cloud providers consolidate and share computing resources, such as servers and storage, among multiple users or customers. Rapid Elasticity: Cloud services can rapidly scale up or down to accommodate fluctuating workloads and user demands. Measured Service: Cloud computing enables metering and monitoring of resource usage. Providers track and measure resource consumption, such as storage, processing, bandwidth, and active user accounts.For such more question on Elasticity:
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Define Entrepreneurial Finance (EF), mention and differentiate different forms of EF based on investment strategies.
The financial decisiοns and actiοns that entrepreneurs take when launching οr managing a firm are referred tο as entrepreneurial finance (EF). This cοvers everything frοm οbtaining startup financing and cοntrοlling financial flοw tο selecting investments and fοrmulating develοpment plans.
What are the seven principles οf entrepreneurial finance?Cash flοw management, incremental risk and reward, time value οf mοney, incremental cash flοws, the οppοrtunity cοst οf capital, risk management, cοntingency planning, and cοntingency planning are essential fοr successful entrepreneurial finance.
What are the stages in entrepreneurial finance?The entrepreneur raises mοney tο develοp an idea, hire key persοnnel, and cοnduct market research. At the early stage, the entrepreneur has a business plan and prοtοtype οr prοοf οf cοncept. At the grοwth stage, funds are raised tο scale the business, expand intο new markets, and hire additiοnal persοnnel. At the mezzanine stage, the business is preparing fοr an IPO οr acquisitiοn. At the exit stage, the funds are used tο reward investοrs and entrepreneurs.
Based οn the investment tactics used, there are many types οf entrepreneurial finance. Here are the tοp three. Bοοtstrap Financing is a self-funded fοrm οf entrepreneurial finance where entrepreneurs use their οwn savings, persοnal credit cards, and/οr small lοans frοm friends and family tο get their business οff the grοund.
Angel Investing is a high-net wοrth individual whο prοvides funding tο early-stage startups in exchange fοr equity οwnership. Venture Capital is a type οf financing that is best suited fοr startups that have prοven their prοduct οr service and are ready tο scale up.
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Do you think that MTV’s future lies mostly in its international operations? Explain your
Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
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2. By removing the statues and through his speech, Mayor Landrieu takes a strong stand against dignifying symbols of the Confederacy. Do you feel his actions fostered a stronger sense of inclusion within the city of New Orleans? Discuss how different perceptions of the statues and their inherent messages may have affected different groups within the community.
Help me show this in 6-9 paragraphs to make this question more clear and sense!
Landrieu told Cooper that his decision to remove the Lee monument began with a conversation with an old friend, renowned jazz musician, and New Orleans native Wynton Marsalis.
Advocates for preservation laws contend that accomplice monuments need to no longer be eliminated because they express grief for fallen infantrymen and honor the sacrifice of ancestors. If statues are dismantled, the country could lose an important instructional device approximately Civil warfare and its results, in step with creator Sophia A.
A number of the items of the old pill are believed to have ties to the Confederacy, the governor's office said. "This monument and its time capsule reflected in 1890—and it is time to take away each in order that our public areas better reflect who we are as humans in 2021," Northam said.
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Which of the following decreases when credited?
Revenue
Inventory
Wages payable
Loans payable
Determine if each of the following plans are short term, long term, or operational.
1. Participate in student organizations that will help build my practical experience and make me a more competitive candidate
A. Short Term
B. Long Term
C. Operational
2. Identify and get accepted into the program I want to attend
A. Short Term
B. Long Term
C. Operational
3. Continue developing my professional network in ways that can connect me with graduate schools, scholarships and career opportunities
A. Short Term
B. Long Term
C. Operational
Answer:
1.B. Long Term
2.A. Short Term
3.B. Long Term
Explanation:
Strategic planning is determining and framing a predetermined sequence of action for the achievement of a preset goal.
whether the plans are short term, long term, or operational?1. participating in an student organization for gathering practical experience and building personal growth is a long term vision as the experience will help over a long period and thus it is a long term plan.
2. Getting an invitation or an acceptance in a program one wants to attend does not relates with long term or operational plan as it is simply a short term plan.
3. Developing continuously the professional network with a view to access new career opportunities by connecting with people is a operational plan because it is not just a fixed target, it is continuous in nature.
Therefore the plan in the first scenario is long term , the second scenario it is a short term plan and the third scenario is an operational plan. Thus , OPTION B, A and C are correct receptively.
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Anita wants to recommend that her company cafeteria should find a new food service provider that serves healthier food with an emphasis on products from local farms and food purveyors. She plans to initiate this discussion with an email. Create an outline that Anita could use to write this email.
The email would include the following outlines:
1. New meal service provider.
2. Emphasize wholesome food.
3. Healthier foods produced by regional farmers and food producers.
What is an outline in email writing?An outline is a planning tool you use to keep track of all the subjects and ideas you intend to include in a written article.
Any type of writing, from research papers to creative writing, benefits greatly from knowing how to create an outline.
They can offer comments on the concepts you are covering to make sure you haven't omitted anything or understated the significance of any ideas.
When you eventually begin writing, your documents will have a better structure thanks to this type of feedback.
So, the outlines for the e-mail would be:
1. New food service provider.
2. Focus on healthier food.
3. Healthier products from local farms and food purveyors.
Therefore, the email would include the following outlines:
1. New meal service provider.
2. Emphasize wholesome food.
3. Healthier foods produced by regional farmers and food producers.
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SBA a business from any of the THREE sectors and conduct a research using newspaper clips, business articles, any business magazines, News 24 and a other business websites to answer the following Research (Part A) for your Select a business business questions. (Collect FIVE resources) must be NB After choosing the sector you able to motivate your answer then provide picture/ newspaper article of the business -You must identify challenges experienced by the business and classify those challenges according to the three Business Environments and state the extent of control.
Selecting a business from one of the three sectors, conducting research using newspaper clips, business articles, any business magazines, News 24, and other business websites to answer research (Part A) questions. This article will discuss the challenges faced by the business and classify them based on the three business environments. The business selected for this research is Sasol, which belongs to the primary sector. Sasol is an integrated energy and chemicals firm with operations in over 30 countries and more than 30,000 employees. It mines coal and convert it into synthetic fuels and chemical feedstock. Sasol operates in a challenging environment, and it faces many challenges. However, in this research, we will discuss the most important challenges faced by Sasol. The following are the difficulties Sasol faces: Environmental challenges: Sasol is a large company, and it emits greenhouse gases, which affect the environment. Furthermore, environmental regulations have become more stringent, which is a significant challenge for the company. Sasol must adhere to environmental regulations, which will impact its operations. Sasol must also protect its reputation, which is critical to its success. Sasol should be proactive in responding to environmental challenges by investing in renewable energy and ensuring that it adheres to environmental regulations. Economic challenges: Sasol faces economic challenges, including fluctuating oil prices, currency volatility, and rising operating costs. These issues are beyond the company's control, and they can have a significant impact on Sasol's financial performance. Sasol must adapt to economic changes by diversifying its revenue streams and improving its operational efficiency. Social challenges: Sasol faces social challenges such as workforce diversity, employee engagement, and community relations. Sasol must address these challenges by fostering a diverse and inclusive culture, promoting employee engagement, and engaging with the community. Sasol must also ensure that its business practices align with the expectations of its stakeholders, including customers, employees, and investors. In conclusion, Sasol faces many challenges, which can be classified into three categories: environmental, economic, and social. Sasol has limited control over some of these challenges, but it must be proactive in responding to them to ensure its long-term success.
A business that you can select for this analysis is the importation of cars into a country. Some challenges that may affect the importation of cars include import duties and trade agreements between nations.
What are business challenges?Business challenges refer to those problems that are encountered by entrepreneurs who want to go into any area of trade. For those into the importation of cars and other such items, excessive import duties might be limiting to them.
They may also experieice trade agreements sbetween nations and rising forex that amy not be favorable for trade.
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Which platform is dedicated to Customer Relationship Management (CRM)?
We learned in class that Starbucks uses its baristas as front line “brand ambassadors”. This is an example of ________________?
A.
top management not doing their jobs
B.
Inverted Organization Structure
C.
Management by Objectives MBO
D.
Giving uneducated employees too much responsibility
Answer:
Inverted Organization Structure
Explanation:
An Inverted Organization Structure is a structure where the employees are given more autonomy. Employees are given more prominent and important roles in the business.
I hope my answer helps you
Option B is correct because it is an example of inverted organization structure.
An Inverted Organization Structure is a organizational structure where employees are given more autonomy in their operation, that is, they are given more prominent and important roles in the company.
This type of structure is beneficial because the top hierarchy have lesser work and employee get more experience because of decision-makings.
In conclusion, the Option B is correct because it is an example of inverted organization structure
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Does the color of an object change with shape change
Answer:
is the clay
jh
Explanation:
badal da payara
All yearly government spending is broken up into two categories; Mandatory spending which is required by law and Discretionary spending which is spending that must be approved each year by Congress.
Mandatory spending is spending that is required by current law. Most federal mandatory spending is in the form of safety net and entitlement programs, including the Food Stamp program, Social Security, Medicaid, and Medicare. Safety net programs represent “transfer payments” by which the government redistributes the income of the taxpayers by collecting taxes and providing services for those less fortunate and who do not provide any type of good or service in return. Entitlement expenditures include Medicaid and Social Security in which money that has been collected from taxpayers is then given back to those that contributed once they reach a certain age or meet other requirements. Other forms of mandatory spending include veterans benefits. For example, being a veteran means that you have already provided a service for which you were guaranteed, by law, certain benefits and payments (salary once you served your term/retirement, college benefits once you served your term, health insurance after you served your term, etc.). Because the law requires that these benefits be paid once the military personnel has served their term, these expenditures are mandatory and are automatically included in the US budget each year. The amount included for these expenditures is based on the number of citizens who “qualify” for these payments whether safety net, entitlement, or veteran benefits. Many other mandatory expenditures fall under the US budget. Over half of the entire US budget is mandatory which means that it cannot be changed without a change to the law.
About one-third of federal spending is Discretionary. This means that while this spending is for programs that are considered necessary to the operation of the US, they must be re-approved each year by Congress through a vote. The largest category of Discretionary spending is National Defense which must be approved each year. Other categories of Discretionary spending include education assistance, Interstate transportation programs, national parks, the Justice / Court system, and science, space, and technology research programs.
An appropriation is an Act which congress passes to approve discretionary spending. For example, one category of spending on education may be mandatory but congress may want to increase spending through an appropriation (or a special vote) which places the extra spending under the discretionary piece of the budget. One example of an appropriation that increased mandatory spending in the US annual budget is that of the Veteran’s Choice program. Veteran’s health benefits are required by law (they have served and part of their payment for serving is free health care after they retire). However, to receive their health benefits veterans have historically been required to utilize specific Doctors and hospitals. This is the law and therefore part of the mandatory budget. However, an appropriation was passed in 2019 which added extra funding to allow veterans to visit any Doctor they chose and be treated at any hospital of their choosing. The funding for this change is part of the discretionary budget and had to be approved by congress.
Questions:
1) Name and define the two types of spending that are included in the US budget each year.
2) What does it mean that mandatory spending is spending required by law? Give an example.
3) How much of the US yearly budget is required by law?
4) Who must vote to approve additional (Discretionary) spending each year?
5) What is the largest category of spending that must be voted on each year?
6) What is appropriation? Give an example.
Answer:
In the decade leading up to the Great Recession, the government kept federal spending below 20% of GDP. It grew no faster than the economy, around 2% to 3% per year. During the recession, spending grew to a record 24.4% of GDP in FY 2009. This increase was due to economic stimulus and two overseas wars.3
Explanation:
At the same time, growth slowed, which reduced tax receipts. Congress worried about the ballooning U.S. debt. No one could agree on how to reduce it. As a result, Congress enacted across-the-board budget cuts, called "sequestration."4 That finally reduced spending to 20.4% of GDP in FY 2015.5
Since then, spending has crept up again despite the sequester. Congress and the president rely on deficit spending to boost economic growth.6 But deficit spending is out of control. It rises each year, even when the economy is doing well.
On June 30, 2024, L. N. Bean issued $20 million of its 8% bonds for $18 million. The bonds were priced to yield 10%. Interest is payable semiannually on December 31 and July 1. If the effective interest method is used, how much bond interest expense should the company report for the 6 months ended December 31, 2024
Answer:
Explanation:
Interest expense for 6 months ended Dec 31, 2024 = issue price of bonds* market interest rate
= $18,000,000* 10%*6/12
= $900,000
Explain the types of utility and the role marketing plays in their creation.
Based on the marketing concept, various utilities seek to enhance the product's usefulness to customers in a way that persuades them to make a purchase. E.g. Form, time, place, etc.
What is Marketing Utility?Marketing Utility is a term that is used to describe the idea that the promising way to sell a product to a consumer is to show them how the product could provide value to their life.
Generally, Marketing Utility includes the integration of a product into a customer's lifestyle by underlining how it can figure out a problem related to the consumer's needs.
Types of Marketing Utility are:FormTimePlaceInformationAlso, the role of marketing in utility helps develop a value proposition of products that explains the unique benefits a commodity can provide to consumers.
Hence, in this case, it is concluded that Marketing Utility is vital in the product's sales.
Learn more about Marketing Utility here: https://brainly.com/question/2551519
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As winner of a breakfast cereal competition, you can choose one of the following prizes: a. $180,000 at the end of five years. b. $11,400 a year forever. c. $19,000 for each of 10 years. d. $6,500 next year and increasing thereafter by 5% a year forever. Assume that discount rate is 12%. i. (20 pts) Write down the discounted cash flow equation for each option. ii. (10 pts) Decide which prize you should choose and why?
Answer:
i. Discounted cashflow equations.
a. $180,000 at the end of five years.
This is a lump sum present value/ discounted cashflow which can be calculated as;
Formula = 180,000 / ( 1 + r)^n
= 180,000/ ( 1 + 12%)^5
= $102,136.83
b. $11,400 a year forever
This is a perpetuity. The present value/ discounted cashflow of a perpetuity is calculated as;
Formula = Amount/rate
= 11,400/12%
= $95,000
c. $19,000 for each of 10 years.
This is an annuity. The formula for calculating the Present value/ discounted cashflow of an annuity is;
\(Formula = Annuity * [\frac{( 1 - (1 + i)^{-n} )}{i} ]\) where i is interest rate and n is number of periods
\(= 19,000 * [\frac{( 1 - (1 + 0.12)^{-10} )}{0.12} ]\)
= $107,354.24
d. $6,500 next year and increasing thereafter by 5% a year forever.
This is a growing perpetuity. The present value/ discounted cashflow formula is;
= Amount / ( discount rate - growth rate)
= 6,500 / ( 12% - 5%)
= $92,857.14
ii. Choose $19,000 for each of 10 years as it has the highest present value.
Let's say you are ordering food for your wedding reception, and you sent out 150 invitations. Everyone RSVP'd, with120 people saying they would attend. You know however that not everyone who RSVP'd will actually show up; there are always, always, always some no-shows (at least from the question-writers experience). Thus you expect to need 100 meals. But just to be safe, you plan to order 110 meals, estimating this is a 90% service level (accepting a 10% probability you'll run out). You discuss this with your fiance who is adamant about increasing your service level to 99%.
Required:
How many meals should you order for a 99% service level?
The number of meals to order for a 99% service level is 121 meals.
What is the service level?The service level is the percentage of services that can be provided to guests or customers on a given occasion or within a given period.
It can also describe the percentage of meals that a host estimates to serve her guests at a party.
Data and Calculations:Number of invitations sent out = 150
Number of RSVPs received = 120
Expected number of meals to serve = 100
The safety level of meals to serve = 110
The estimated service level at 110 meals = 90%
The Fiancé's estimated service level to attain = 99%
The number of meals to order for a 99% service level is 121 meals (110/90% x 99%).
Thus, the meals that you should order for a 99% service level is 121 meals.
Learn more about estimating service levels at https://brainly.com/question/4312911
we are twins me and streoberrie
Answer:
wow thats very cool nice
Answer:
thats not even u.. ion look like that either, dont b lying on the internet.
Explanation:
the picture i linked is me.