The beginning inventory for Quarter 2 would be: Beginning inventory for Q2 = 1233.33 x 4% = 49.33 (approx.) yards.
Given: CWB Corp. makes hats and has the following inventory policy: CWB maintains an ending inventory of materials equal to 4 percent of the next quarter's production needs. The ending inventory for Quarter 4 (for the year) is assumed to be 50 yards.
Each hat requires a total of 0.5 yard of material at a cost of $1.50 per yard. Below is the budgeted production units: Q1 Q2 Q3 Q4 Yearly Production units 1500 2000 2000 2000 7500. We need to find the following: Calculate the beginning direct materials inventory for Quarter 2 (in yards).
Calculate the budgeted cost of direct materials purchase for Quarter 2. Calculate the budgeted cost of direct materials purchase for the year.
We know that each hat requires 0.5 yard of material, then the total material required for the year would be: Material Required per unit = 0.5 yards Total Production units for the year = 7500So, Total Material Required = Material Required per unit x Total Production units for the year = 0.5 x 7500 = 3750 yards For Quarter 4, the ending inventory for the year is assumed to be 50 yards.
Using the above statement, we can calculate the total Material Required for Quarters 1, 2, and 3.3750 – 50 (for Quarter 4) = 3700 yards For Quarters 1, 2, and 3 = 3700/3 = 1233.33 (approx.) yards. The ending inventory for Quarter 1 would be the beginning inventory for Quarter 2.
Hence, the beginning inventory for Quarter 2 would be: Beginning inventory for Q2 = 1233.33 x 4% = 49.33 (approx.) yards.
Calculate the budgeted cost of direct materials purchase for Quarter 2:Material Required for Quarter 2 = Material Required per unit x Production units for Quarter 2 = 0.5 x 2000 = 1000 yards .
Budgeted cost of direct materials purchase for Quarter 2 = Material Required for Quarter 2 x Cost per yard = 1000 x 1.5 = $1500Calculate the budgeted cost of direct materials purchase for the year: Budgeted cost of direct materials purchase for the year = Total Material Required x Cost per yard= 3750 x 1.5 = $5625
Beginning direct materials inventory for Quarter 2 (in yards) = 49.33 (approx.) yards. Budgeted cost of direct materials purchase for Quarter 2 = $1500. Budgeted cost of direct materials purchase for the year = $5625.
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according to the principles of time value of money, the ______ of a project’s cash flows should exceed the _______ of the project’s costs.
According to the principles of time value of money, the present value of a project’s cash flows should exceed the present value of the project’s costs.
The time value of money is an economic concept that explains how the value of money changes over time because of inflation, interest, and other factors that affect its purchasing power.In business, the principles of time value of money are used to determine whether an investment or a project is worth pursuing.
The concept involves comparing the present value of cash inflows generated by the project to the present value of cash outflows required to execute the project. The present value of cash flows is the sum of all future cash inflows or outflows discounted to their present value using an appropriate discount rate.
The primary objective of any investment is to maximize its return and minimize its cost. Therefore, if the present value of a project’s cash inflows is greater than the present value of the project’s costs, it is considered a profitable investment.
Conversely, if the present value of a project’s cash inflows is less than the present value of the project’s costs, it is not a profitable investment.In conclusion, the principles of time value of money are essential in determining the feasibility of any investment or project. By comparing the present value of cash inflows to the present value of cash outflows, investors can make informed decisions about which projects to undertake and which ones to avoid.
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Discuss reasons why a business might choose to sell direct to customers through a website with e-commerce facilities, as opposed to through fixed (physical ‘bricks and mortar') premises.
Answer:
Businesses might prefer selling direct to customers through a website with e-commerce facilities because:
1. For covering a wider distance, distance is not a barrier.
2. For flexibility for customers, as some e-commerce even accepts cryptocurrency payments.
3. For product and price comparison.
4. For saving cost incurred from having fixed (physical ‘bricks and mortar') premises.
5. For saving the cost of paying workers.
6. For maintaining social distancing protocol given by the government especially during the pandemic. This doesn't put anyone at risk.
Explanation:
The question above asks for justifications why a business might choose to sell direct to customers through a website with e-commerce facilities rather than selling to customers through fixed (physical ‘bricks and mortar') premises.
First, selling to customers through a website with e-commerce facilities involve virtual transactions with customers paying for goods and services they are interested in over the internet. With this, customers can pay with their bank cards through e-commerce websites. While selling through fixed (physical ‘bricks and mortar') premises involve direct contact in-person with the customer and possibly payment is made in cash or through any other accepted methods.
"Imagine that your high school or college has been overrun with zombies. Your math professor, the cafeteria ladies, and even your best friend have all joined the walking dead. Flesh out a plan to avoid the zombies, including where you’d hide and the top-five things you’d bring to stay alive." (250 words or less)
Get out of the way when a zombie surges toward you by moving aside, grabbing them, and pushing them through. Utilize their own momentum to trip them, keep them moving past you, or otherwise cause them to fall.
Hand-to-hand fighting with a zombie should only be intended to get you away from them and should be extremely brief. The scientists calculated that it would take around 1,000 days, or 2.7 years, for humans to exterminate every zombie under these circumstances.
The human population would then need another 25 years to begin to recover from the onslaught. My backpack, any sharp things or lighters I could locate in the band room, any heavy sporting equipment I could discover, some pencils and pens, and teacher desks would all be taken.
I would probably look for a place where only one person could potentially be and murder them, like the principal's office or a counselor's office. I would seclude myself indoors and prepare whatever cafeteria food was available. There would be a microwave in the workplace.
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Advocacy is the active support of a cause. True False
Answer:
True.
Explanation:
By definition, Advocacy is the active support of an idea or cause expressed through strategies and methods that influence the opinions and decisions of people and organisations.
Answer:
True
Explanation:
...
What is an exhibit?
A. An example of a similar case that took place before
B. A summary provided after a case is over
C. A document, record, or other object formally introduced as
evidence in the court
D. Any individual involved in a case
Answer:
exhibition for companies in a specific industry to showcase and demonstrate their new products and services. ... Also, an exhibition of businesses offering franchises and/or business opportunity packages for sale.
Answer:
c
Explanation:
i just took the test and you can find the answer on g.oo.gle
A document, photograph, object, animation, or other device formally introduced as evidence in a legal proceeding.
Safety in the workplace is the sole responsibility of the employer. please select the best answer from the choices provided t f
The statement is FALSE. Safety in the workplace is NOT the sole responsibility of the employer.
Everyone at work, as in all employees, must contribute to keeping everyone else safe; the onus of proof, though, rests with the employer. The employer has to ensure that workplace safety is secured and that no one who works there or visits it is in danger.
The distribution of responsibilities for safety in the workplace is as follows:
Employer: Create programs based on their authority to solve safety issues and hazards.Employees: Follow safety protocols and alert managers to any potential hazards.
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Answer:
false it's everyone's
Explanation:
when your project is ready to go to production, one way you can test the product is through a security audit and pen test. t/f
True. When a project is ready for production, one way to test its security is by conducting a security audit and penetration test.
Before launching a project into production, it is crucial to ensure its security and resilience against potential threats. Conducting a security audit and penetration test is an effective way to assess the system's vulnerabilities and identify any weaknesses or loopholes that could be exploited by attackers.
A security audit involves a comprehensive review of the project's infrastructure, systems, and processes to identify any potential security gaps. It assesses the implementation of security controls, evaluates access controls, reviews security policies and procedures, and verifies compliance with relevant security standards. The audit helps in identifying areas that require improvement and ensures that the project meets the desired security requirements.
Additionally, a penetration test, often referred to as a "pen test," involves simulating real-world attacks to identify vulnerabilities and assess the project's ability to withstand them. Skilled ethical hackers attempt to exploit weaknesses in the system's defenses, providing valuable insights into the project's security posture. By conducting a pen test, potential security weaknesses can be discovered and addressed before the project goes live.
Overall, a combination of security audits and penetration tests helps to mitigate risks and enhances the security of a project before it is deployed into a production environment. It is an essential step in the development lifecycle to ensure that the project meets the necessary security standards and safeguards sensitive data from potential threats.
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dan is an experienced accounting professional who values conservative and practical decisions. what would be the best way to communicate with him? a. ask him about his weekend and tell him about yours for 30 minutes before the meeting. b. collaborate with him on numerous ideas during the meeting. c. send him an email with minimal information asking him to make a decision prior to the meeting. d. give him factual evidence during a meeting so he can make a recommendation
Give him factual evidence during a meeting so he can make a recommendation would be the best way to communicate with him.
Option D is correct.
Professional accountants:A professional who carries out accounting tasks like account analysis, auditing, or analyzing financial statements is referred to as an accountant. Accounting firms or large corporations' internal account departments employ accountants. Additionally, they may establish their own distinct practices.
What does a professional accountant do?Business professionals who are accountants help with corporate strategy, give advice, and help businesses cut costs, boost their bottom line, and reduce risks. In business, professional accountants represent the interests of the company's owners—i.e., shareholders in a public company—as board directors.
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As mentioned in the video, the US produces an annual "List of Goods Produced by Child Labor or Forced Labor." How effective do you think this is in raising awareness about working conditions in other countries? Do you think pressure from officials, the media, and the public is the best way to prevent companies from doing business with countries that violate international labor standards, or do you think other methods would be more effective?
Answer and Explanation:
By publishing the "List of Goods Produced by Child Labor or Forced Labor" the American government is able to raise awareness among the population that, although child labor is something inconceivable in American society, it still happens with great intensity in various places around the world. This allows the population to become aware of this situation and to stop buying products produced by companies that finance and allow child labor to happen. When they stop using these products, companies suffer a decrease in demand, which can cause significant changes in the production and in the lives of children who need to work.
While consumer pressure at companies that allow child labor is effective, pressure from political and commercial authorities is more effective in bringing about change and ensuring the protection of children, as these authorities can promote severe punishments for those who allow this to happen.
if sellers want to sell more products than buyers are willing to purchase, we know that:
a. the market price is less than the equilibrium price
b. quantity demanded exceeds quantity supplied
c. the market price is greater than the equilibrium price
d. the demand curve will likely increase
b. Quantity demanded exceeds quantity supplied. This is because when sellers want to sell more products than buyers are willing to purchase, there is a surplus in the market, resulting in excess supply.
This means that the quantity of the product supplied by the sellers is greater than the quantity demanded by the buyers, leading to a situation where sellers are unable to sell all of their products.
In a market where sellers want to sell more products than buyers are willing to purchase, there is excess supply or a surplus in the market. This is because the quantity of the product supplied by the sellers exceeds the quantity demanded by the buyers. As a result, sellers are unable to sell all of their products at the prevailing market price, which is likely to be below the equilibrium price.
The equilibrium price is the price at which the quantity of a product demanded by buyers is equal to the quantity of the product supplied by sellers. When there is a surplus in the market, the market price falls below the equilibrium price as sellers try to lower their prices to attract buyers. This leads to a situation where the quantity demanded exceeds the quantity supplied, which is the main answer to your question.
The demand curve is unlikely to increase in this situation as the excess supply in the market indicates that buyers are not willing to purchase more of the product at the prevailing market price. Instead, sellers may have to adjust their prices or find other ways to increase demand for their products, such as through marketing or product differentiation, in order to sell more of their products.
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Lydio Company purchased P4,000,000 face value, 10%, 3-year Milo Co. bonds on January 1, 2021 when the prevailing market rate of interest was at 12%. Interests are collectible every December 31. Three-fourths of the Milo Co. bonds were sold on July 31, 2022 at a total proceeds of P3,500,000. Yield rate at December 31, 2021 and 2022, respectively were 8% and 14%. Assuming that the company's business model has an objective of holding the debt securities to collect contractual cash flows, what is the realized gain on sale of Milo Co. bonds?
Realized gain on the sale of Milo Co. bonds is P115,000 based on the interest.
On January 1, 2021, the prevailing market rate of interest was at 12% and Lydio Company purchased P4,000,000 face value, 10%, 3-year Milo Co. bonds. Therefore, bonds were purchased at a discount.Difference between face value of bonds and purchase price of bonds = Face value - Purchase price= P4,000,000 - P3,608,820= P391,180On December 31, 2021, yield rate = 8%
Therefore, carrying value of bonds on December 31, 2021= Purchase price + Accrued interest - Amortization of discount= P3,608,820 + P320,706.4 - P62,059.33= P3,867,467.07On July 31, 2022, three-fourths of the Milo Co. bonds were sold on at a total proceeds of P3,500,000. Gain on sale of bonds = Sale price of bonds - Carrying value of bonds sold= 3,500,000 - (1/4 × P3,867,467.07)= P482,467.07On December 31, 2022, yield rate = 14%
Therefore, carrying value of bonds on December 31, 2022= Carrying value of bonds on December 31, 2021 + Accrued interest - Amortization of discount= P3,867,467.07 + P420,046.69 - P383,215.35= P3,904,298.41Realized gain on sale of Milo Co. bonds = Gain on sale of bonds - Amortization of discount= P482,467.07 - (P383,215.35 + P15,000 + P22,251.67)= P115,000.
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the idea that a firm borrows to the point that the tax benefit of debt is exactly equal to the increased probability of financial distress is called the ______ theory of capital structure.
The idea that a firm borrows to the point that the tax benefit of debt is exactly equal to the increased probability of financial distress is called the trade-off theory of capital structure.
The trade-off theory of capital structure is a financial theory that suggests that companies must balance the costs and benefits of different capital structure choices to maximize their value.
It proposes that there is an optimal capital structure for each company that balances the tax advantages of debt financing with the costs and risks associated with debt.
It's important to note that the trade-off theory of capital structure is one of several theories and frameworks used to understand the financing decisions of companies. Other theories, such as the pecking order theory and the signaling theory, provide alternative perspectives on capital structure choices.
Companies must consider various factors, including their specific circumstances, industry dynamics, and risk preferences when determining their optimal capital structure.
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in a transitioning economy, why would privatization tend to raise a nation’s overall standard of living?
Option c) people are more likely to be productive when it benefits them personally.
A transition economy is an economy that is evolving from a command economy to a market economy.
Transition economies have undergone a series of structural transformations aimed at developing market-based institutions.
These include economic liberalization where prices are set by market forces rather than by central planning bodies.
It also removes trade barriers, privatizes state-owned enterprises and resources, reorganizes state-owned enterprises and collectively owned enterprises into enterprises, and creates a financial sector that promotes macroeconomic stability and the movement of private capital.
Used in the former Soviet Union and Eastern Bloc countries of Europe, it has also been applied to some Third World countries, with detailed studies of its economic and social impact.
Transitional processes are usually characterized by changes and creation of institutions, especially private companies.
Changing the role of the state, creating radically different state institutions, promoting private enterprise, markets and independent financial institutions
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Complete question:
In a transitioning economy, why would privatization tend to raise a nations overall standard of living?
a) people are less likely to assume the risks of entrepreneurship
b) it places the means of production in the hands of the government
c) people are more likely to be productive when it benefits them personally
d) it places a nations ruling class in a position to administer the economy efficiently
On March 15, Summit Hawk declares a quarterly cash dividend of $0.085 per share payable on April 13 to all stockholders of record on March 30. Required: Record Summit Hawk's declaration and payment of cash dividends for its 218 million shares.
The journal entries to Summit Hawk's declaration and payment of cash dividends is: Debit Dividend $18,530,000; Credit Dividend payable $18,530,000
Journal entriesMarch 15
Debit Dividend $18,530,000
(218,000,000 shares × $0.085)
Credit Dividend payable $18,530,000
(To record cash dividend declaration)
March 30
No entry
April 13
Debit Dividend payable $18,530,000
(218,000,000 shares × $0.085)
Credit Cash $18,530,000
(To record payment of cash dividend)
Therefore the journal entries to Summit Hawk's declaration and payment of cash dividends is: Debit Dividend $18,530,000; Credit Dividend payable $18,530,000.
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What are self-service BI tools?
Business intelligence tools that do not require any particular BLANK
expertise are called self-service tools.
Answer:
Technical
Explanation:
100% on test
suppose you have developed a new product for you business.outlineany five steps in developing a rematch instrument
Answer:
But I am too young to start a new business
Match each type of tax with an example of its use.
category 1:
Property Tax
Capitol gains tax
Personal income tax
category 2:
□ 1% charged on the value of a home.
□ 20% charged on wages earned.
□ 2% charged on profits from selling a house.
Answer:
Hmm What do you. mean?
Explanation:
major differences between service companies and retail or manufacturing companies is that retailers and manufacturers must account for
The main difference between service companies and retail or manufacturing companies is that retailers and manufacturers must account for;
Inventory and Cost of GoodsInventory refers to the goods in stock which the business wishes to sell in order to make a profit from.
Retailers and manufacturers produce items that will be sold and these items need to be stocked somewhere till the need for them arises.
The same is not applicable to service companies because they do not have physical goods to sell.
Also, the cost of goods refers to the direct cost of producing goods. Since service companies do not produce goods, this is not accounted for.
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you are on a busy road. what is the first thing you must do to better manage your space?
5. Which of the following defines a short-term goal? (1 point) Otasks that you set to accomplish specific things in a short period of time Otasks that must be completed for a job performance evaluation Otasks that you must complete that require time and planning that usually take 12 months or more to complete Otasks that you think you need to accomplish in the future but need to start working on now
A short-term goal is defined as: A. tasks that you set to accomplish specific things in a short period of time.
What is a Short-Term Goal?A short-term goal is a specific and achievable task or objective that a person sets out to accomplish within a relatively short period of time, usually less than a year.
These goals are intended to be completed quickly, helping individuals to move closer towards their long-term aspirations and provide a sense of progress and accomplishment. Short-term goals are often the building blocks towards larger, more significant achievements, and can help individuals stay motivated and focused on their overall objectives.
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how much will sue receive from the bank?
Answer:
the amount she sues for
Explanation:
The theory of _____ in which countries specialize in goods that have a lower opportunity cost, is citied by supporters of free trade
Answer:
comparative advantage
Having internet, catalog, and store offerings makes staples a(n) multiple choice full-line discount store. omnichannel retailer. diversified retailer. dispersed retailer. supercenter.
The correct answer is supercenter. Staples Inc. is an American retail company and is a supercenter.
With its corporate headquarters in Framingham, Massachusetts, Staples Inc. is an American retailer that provides goods and services that assist both learning and working. Over 1,000 Staples locations will offer same-day passport photo services in 2022, and a few will also offer TSA PreCheck enrollment.
Leo Kahn, Thomas G. Stemberg, and Myra Hart created Staples. In 1985, as Stemberg was preparing a proposal for a different company, he had the concept for Staples. He needed a ribbon for his printer but couldn't get one because his neighborhood store was closed for the Fourth of July. Because of his experience in the food industry and his aggravation with the need to rely on small shops for essential supplies, Stemberg had the idea for an office supply superstore.
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A country, called "Bikyland", does not allow for international trade. Bikyland produces motorbikes for her own consumption. At the equilibrium without international trade, the domestic price (Paom) is $2000 per motorbike and the quantity (dom) is 5 million motorbikes. Then, Bikyland opens up her motorbike market for trade and finds that the world price (Pw) is $1500 per motorbike. Domestic supply Qsdom) decreases to 4 million and domestic demand Qpdom) increases to 6 million motorbikes. 3. 1 Draw a graph of the motorbike market with sc, DC, Paom, laom, Pw, Osdom and Qodom Your graph should show all the numbers. 3.2
The graph of the motorbike market with Sc, DC, Paom, Laom, Pw, Osdom and Qodom is as follows:Sc: Supply Curve, DC: Demand Curve, Paom: Price of a motorbike without international trade, Laom: Quantity of motorbikes without international trade, Pw: World price, Osdom: Quantity of motorbike supplied domestically, Qodom: Quantity of motorbike demanded domestically.3.1
Graph:
At the equilibrium without international trade, the domestic price (Paom) is $2000 per motorbike and the quantity (dom) is 5 million motorbikes. Then, Bikyland opens up her motorbike market for trade and finds that the world price (Pw) is $1500 per motorbike. Domestic supply Qsdom) decreases to 4 million and domestic demand Qpdom) increases to 6 million motorbikes.
The price of a motorbike falls from $2000 to $1500 due to the opening of the motorbike market for trade by Bikyland. Therefore, there will be a new equilibrium which is obtained by setting domestic supply and domestic demand equal to each other at $1500. The new equilibrium quantity will be 5 million motorbikes (Qw).
So, the domestic supply decreases from Osdom to Qw due to the fall in the price of motorbikes from Paom to Pw. The domestic demand increases from Qodom to Qw due to the fall in the price of motorbike from Paom to Pw.3.2
In the motorbike market graph, the horizontal axis represents the quantity of motorbikes, and the vertical axis represents the price of motorbikes. The supply curve Sc is upward-sloping, and the demand curve DC is downward-sloping. At the equilibrium without international trade, the domestic price Paom is $2000 per motorbike, and the quantity Laom is 5 million motorbikes.
The world price of a motorbike Pw is $1500 per motorbike. Therefore, the domestic price of a motorbike will also be $1500 per motorbike. The new equilibrium is obtained by setting domestic supply and domestic demand equal to each other at $1500. The new equilibrium quantity is Qw, which is 5 million motorbikes. The domestic supply decreases from Osdom to Qw due to the fall in the price of motorbikes from Paom to Pw. The domestic demand increases from Qodom to Qw due to the fall in the price of motorbikes from Paom to Pw. Hence, the graph of the motorbike market with Sc, DC, Paom, Laom, Pw, Osdom, and Qodom is shown above.
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why is predictive analytics analysis the next logical step in any business analytics (ba) process
Predictive analytics is the next logical step in business analytics (BA) process because it provides organizations with the ability to make informed decisions based on future predictions.
Unlike traditional BA which focuses on analyzing past data to understand trends and patterns, predictive analytics uses statistical algorithms and machine learning models to make predictions about future outcomes. This approach helps businesses to identify potential risks and opportunities, improve operations, and increase profits.
Additionally, predictive analytics allows companies to automate decision-making processes and provide real-time insights. With the growing amount of data generated by businesses, predictive analytics has become increasingly important to support data-driven decision making.
Predictive analytics can help organizations anticipate customer behavior, detect fraud, predict equipment failures, and forecast sales.
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Click this link to view O'NET's Work Activities section for Construction Managers. Note that common activities are
listed toward the top, and less common activities are listed toward the bottom. According to O*NET, what are
common work activities performed by Construction Managers? Check all that apply.
using muscles to lift, push, pull, or carry objects
communicating with supervisors, peers, or subordinates
using speed of limb movement to move arms and legs
scheduling work and activities
exerting oneself physically over long periods of time
making decisions and solving problems
Answer:
B,D,F
Explanation:
Answer:
ok bdf is correct
Explanation:
what must be aligned with other elements of a retailer's strategy in order to accurately define the value of the product and a retailer's image?
The retailer's pricing strategy must be aligned with other elements of a retailer's strategy in order to accurately define the value of the product and the retailer's image.
A retailer's pricing strategy plays a crucial role in shaping the perception of the product's value and the overall image of the retailer. The pricing strategy determines the price points at which products are offered to customers, reflecting their perceived worth and quality.
To accurately define the value of the product, the pricing strategy must be consistent with other elements of the retailer's strategy, such as the target market, brand positioning, product assortment, and customer experience. If the pricing strategy is not aligned with these elements, it can create discrepancies and inconsistencies, leading to a mismatch between perceived value and actual value.
For example, if a retailer positions itself as a high-end luxury brand but offers products at low prices, it may undermine the perceived value and contradict the retailer's intended image.
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marginal revenue product is equal to marginal revenue multiplied by
Calculating the marginal revenue product involves multiplying the resource's marginal physical product (MPP) by the marginal revenue (MR) that is produced. The formula MRMPL = MRPL states that the marginal revenue product of a worker is equal to the sum of the marginal product of labour (MPL) and the marginal revenue (MR) of output.
This can be used to calculate the ideal workforce to use at a market wage rate chosen exogenously. MRP is characterised as the extra income that will be produced by expanding a factor input, such as workers, equipment, or business sites. MRP = Marginal Physical Product x Marginal Revenue is the equation for marginal revenue product.
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John would like to contact several trade associations, but he's not sure where to look for information. What is the most efficient way for John to find the
information he wants?
A. Search the D&B Database.
B. Contact the SBA.
C. Ask a librarian.
D. Check out hoovers.com.
The most efficient way for John to find information about trade associations would be to search the A. D&B Database.
How can John find information on trade associations ?The D&B (Dun & Bradstreet) database is a comprehensive business database that includes information on millions of companies, including trade associations. John can search for trade associations using keywords or industry codes to find the information he needs.
Both the D&B Database and hoovers.com are reliable sources of business information and can help John efficiently locate the trade associations he's interested in.
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Francois deposits $350.00 in a savings account. The account pays an annual interest rate of 4.3%. He makes no other deposits or withdrawals. After 3 months, the interest is calculated. How much simple interest did his money earn?
Answer:
$3.7625
Explanation:
Simple interest is calculated as
Interest = P x r x t
Where
p = principal amount.. $350
r= interest rate: 4.3% or 0.043
t= time in years: 3 months or 3/12 =0.25 years
Interest = $350 x 0.043 x 0.25
=$3.7625