Answer:
The answer is C. 40 km^2
8km*5km = 40
A = L*W
L = 8 km
W = 5 km
'Market management is the key element for a business' Justify this statement with an example.
Answer:
Explanation:
Marketing Management is the key element for a business because it enables the business to generate revenue, gain new customers, and establish the brand. It ensures that the business is profitable by analyzing and aligning the company's goals.
Depending on the industry and marketing objectives of an organization, marketing management can mean many things. As the name implies, marketing management performs managerial tasks in the field of marketing, including, but not limited to, planning and decision-making before, during, and after the execution of marketing plans.
An example of marketing management is creating an advertising plan and implementing it. Another example is the expansion of business via mergers and acquisitions.
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How do perception, learning and attitudes affect consumer decision making and how marketer influence these processes
Perception means how a person is thinking, learning refers to acquiring new knowledge and attitudes means feeling towers the product or service. Consumer decision-making is significantly influenced by perception, learning, and attitudes.
Perception, learning, and attitudes are all important factors that affect consumer decision making. Perception influences how a consumer interprets and evaluates stimuli in the marketplace. Learning affects how a consumer learns from past experiences and develops buying habits. Attitudes influence a consumer's predisposition towards a product or service. Marketers can influence these processes by designing their campaigns to appeal to the target audience's senses, past experiences, and biases.
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Mr. Chopra decides to sell his business shares to the public to acquire additional finance. Under which component in the balance sheet should Mr. Chopra show the money he obtained from the shareholders?
When Mr. Chopra sells his business shares to the public and acquires additional finance, the money obtained from the shareholders should be shown under the "Equity" component in the balance sheet.
The component in the balance sheet should Mr. Chopra show the moneyEquity represents the ownership interest in a company, and it includes the funds contributed by shareholders in exchange for shares of the company's stock. When shares are sold to the public, the proceeds from the sale increase the equity of the business. This is typically reflected as "Share Capital" or "Common Stock" in the equity section of the balance sheet.
By showing the money obtained from the shareholders in the equity section, Mr. Chopra can accurately represent the ownership stake and financial position of the company.
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what effect will expansionary monetary policy have on interest rates, the price level, and the exchange rate of the snark?
Expansionary monetary policy in Snark could result in lower interest rates, higher inflation, and a potential depreciation of the exchange rate. Other factors may also play a role in determining the exchange rate.
Expansionary monetary policy involves increasing the money supply, which has an impact on various macroeconomic variables. In the case of Snark, if the central bank implements an expansionary monetary policy, the interest rates are likely to decrease.
This is because the increase in the money supply would lead to more funds being available in the market, thereby reducing the cost of borrowing. Lower interest rates could encourage more borrowing and spending, thereby stimulating economic growth.
However, expansionary monetary policy could also lead to an increase in the price level of Snark. This is because as the money supply increases, the purchasing power of the currency decreases, causing inflation. A rise in the price level could lead to a decrease in real output as well as a reduction in the standard of living.
Finally, expansionary monetary policy could lead to a depreciation in the exchange rate of the Snark. This is because lower interest rates would make it less attractive for foreign investors to hold the currency, reducing demand for the Snark and causing its value to decline. However, other factors such as trade balances and political stability could also influence the exchange rate of Snark.
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What is the second certification level?
The term "second certification level" is quite broad and can apply to various fields and industries. Without specific context, it is challenging to provide a precise answer. However, in many professional certification programs, there are typically multiple levels or tiers of certification.
In general, the second certification level often represents an intermediate or advanced stage of expertise and knowledge within a particular domain. It typically builds upon the foundational concepts covered in the first level and delves deeper into the subject matter.
The second level may involve more complex theories, practical applications, and specialized skills within the field.
For instance, in the IT industry, certifications like Cisco Certified Network Professional (CCNP) or Microsoft Certified Solutions Associate (MCSA) are considered second-level certifications, requiring a solid understanding of the fundamentals demonstrated in their respective first-level certifications.
Ultimately, the specific designation of the second certification level varies across industries and organizations, but it generally signifies a higher level of proficiency and expertise beyond the introductory stage.
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Varion Air offers its customers a complementary air ticket on the purchase of three business class tickets. Varion Air's strategy best represents the ____ element of its marketing mix.
place
promotion
price
product
The Varion Air offers its customers a complementary air ticket on the purchase of three business class tickets. Varioun Air's strategy best represents the promotion element of its marketing mix.
What is strategy?An organization's long-term objectives and the plan it has to achieve them are referred to as its strategy. In other words, it demonstrates the strategy for achieving the stated goal.
Advertising, sales promotion, and public relations, three of the five promotional factors, are frequently cited as using mass selling. Mass selling is the promotional strategy that contacts large groups of potential customers
Therefore, Thus option (B) is correct.
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how to convert ration 13:25 into fraction,decimal and percentage pleas help and with full solving and explanation
Answer:
13/250.5252%Explanation:
13:25 is just a fraction (13/25)
13:25= 0.52 (decimal)
So when you divide 13 by 25, you get 0.52. To make that into a percentage, you just multiply it by 100 (move the decimal over 2 places to the left). That gives you 52%
1. An expenditure for which the government receives no good, service, or resource in return.: An expenditure for which the government receives no good, service, or resource in return. 2. A privately owned organization that produces goods and services and sells them to others.: A privately owned organization that produces goods and services and sells them to others. 3. A good or service that can be consumed by many people at once and that other people can't be prevented from using.: A good or service that can be consumed by many people at once and that other people can't be prevented from using. 4. A legal claim of ownership.: A legal claim of ownership. 5. A market in which resources are exchanged for money.: A market in which resources are exchanged for money. 6. Consists of an individual or a group of people who live together and share income, such as you and your family.: Consists of an individual or a group of people who live together and share income, such as you and your family. 7. Models the interactions between key players in the economy.: Models the interactions between key players in the economy. 8. A market in which goods and services are exchanged for money.: A market in which goods and services are exchanged for money. 9. A rule of conduct passed by federal, state, or local governments.: A rule of conduct passed by federal, state, or local governments. 10. A payment for the use of a resource.: A payment for the use of a resource.
Answer:
1)Transfer payment
2)Firm
3)Public good
4)Property right
5)Factor market
6)Household
7)Circular flow diagram
8)Product market
9)Regulation
10) factor payment
Explanation:
1)An expenditure for which the government receives no good, service, or resource in return.:
(Transfer payment)
. 2. A privately owned organization that produces goods and services and sells them to others.:
( Firm)
3. A good or service that can be consumed by many people at once and that other people can't be prevented from using.:
( public goods)
4. A legal claim of owners
hip.: A legal claim of ownership
(Property right)
5. A market in which resources are exchanged for money.
(Factor market)
6. Consists of an individual or a group of people who live together and share income, such as you and your family.
(Household)
7. Models the interactions between key players in the economy.:
(Circular flow diagram)
. 8. A market in which goods and services are exchanged for money.:
(Product market)
9. A rule of conduct passed by federal, state, or local governments.:
(Regulation)
10. A payment for the use of a resource.:
( Factor payment)
which term refers to the physical land and improvements as well as intangible ownership interests and rights?
Real estate refers to the physical land and improvements, as well as intangible ownership interests and rights.
It includes the buildings, structures, and any other improvements on the land, as well as any ownership rights related to the land, such as mineral rights, water rights, and rights to profits from the land. It also includes the value of any buildings, such as homes and businesses, on the land.
Real estate encompasses both commercial and residential properties, including land, buildings, and homes.
Real estate is an important asset in many countries, as it can generate income from leases and rental income, increase in value over time, and provide tax benefits. Real estate can be held by an individual, business, or government entity.
Real estate is commonly divided into land, improvements (such as buildings, structures, and infrastructure), and other intangibles (such as water rights and mineral rights). Real estate also includes any right of ownership, such as the right to sell, rent, or lease the property, as well as any profits derived from it.
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when the federal open market committee (fomc) decides to increase the money supply, it
Hi, when the Federal Open Market Committee (FOMC) decides to increase the money supply.
It typically does so through the following steps:
1. Open market operations: The FOMC buys government securities, such as Treasury bonds, from banks and financial institutions.
This increases the amount of money in the banks' reserves, allowing them to make more loans and create more money.
2. Lowering reserve requirements: The FOMC can decrease the amount of money that banks are required to hold in reserve.
By lowering reserve requirements, banks can lend out a larger portion of their deposits, thus increasing the money supply.
3. Lowering the discount rate: The FOMC can lower the discount rate, which is the interest rate that banks pay when borrowing from the Federal Reserve.
A lower discount rate makes it cheaper for banks to borrow money, encouraging them to lend more and increase the money supply.
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Why is organic manure used in soil? Explain briefly.
Explanation:
the supply plant nutrients including micronutrients they improve soil physical properties like structure of water holding capacity etc. they increase the availability of nutrients.
How do banks make profits?
Answer:
Banks make money from service charges and fees. Banks also earn money from interest they earn by lending out money to other clients.
Explanation:
Assuming sales remain unchanged, if COGs increases then Gross Profit
Assuming sales remain unchanged, if COGs (Cost of Goods Sold) increases, then the Gross Profit will decrease. Gross profit is the difference between the revenue earned from sales and the cost of goods sold.
When COGs increase, it means that the cost of producing each unit of the product has increased. This will lower the Gross Profit margin since the revenue earned from sales will now have to cover the increased cost of production. Therefore, the Gross Profit margin will decrease by the same percentage as the increase in COGs.
A decrease in Gross Profit margin can have serious implications for a business. It will lower the net profit margin, which is the overall profitability of the business. The business may also have to increase the selling price of its products to maintain its profit margin, which can result in a decrease in sales volume.
Additionally, an increase in COGs may result in reduced profit margins and cash flow, which can lead to financial difficulties and a decrease in the company's overall financial health.
In conclusion, assuming sales remain unchanged, if COGs increase, then the Gross Profit margin will decrease, which can have significant implications for the overall financial health of a business.
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a) Use an appropriate diagram, to explain how the Permanent Income Theory of Consumption reconciles the results of cross-section and time series estimate of the Keynesian aggregate consumption function. (15 marks)
(b) With the help of a diagram, explain the effect of an increase in nominal income on interest rate.
a) The expected permanent income (Pt) is defined as the average expected income over an extended period, which includes current income and other sources of income such as investments and inheritance.
b) Real Interest Rate = Nominal Interest Rate - Inflation Rate
Therefore, the rise in nominal income will lead to an increase in interest rates.
Explanation:
a) The Permanent Income Theory of Consumption (PITC) reconciles the differences between cross-section and time-series estimates of the Keynesian aggregate consumption function by emphasizing on the long-run relationship between consumption and income.PITC predicts that people's consumption is a function of expected permanent income rather than current income. This theory suggests that individuals base their consumption on a lifetime average of their income, not just the current level of their income. According to PITC, consumption is calculated as a linear combination of current income and expected permanent income, which can be expressed as follows: Ct = aYt + bPt, Where,
Ct = Consumption
Yt = Current income
Pt = Permanent income
The expected permanent income (Pt) is defined as the average expected income over an extended period, which includes current income and other sources of income such as investments and inheritance.
This consumption function depicts that when permanent income increases, consumption will also increase. PITC recognizes that households consume a portion of their permanent income in addition to a portion of their current income. The increase in permanent income may not result in an immediate increase in consumption, but it will boost the consumption function over time.
b) An increase in nominal income will increase the demand for money. This increase in money demand will result in a rightward shift of the money demand curve. The increase in the money demand curve will raise the equilibrium nominal interest rate and cause the real interest rate to increase, as shown below:
Real Interest Rate = Nominal Interest Rate - Inflation Rate
Therefore, the rise in nominal income will lead to an increase in interest rates.
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what aspects of an organization do od interventions seek to change?
Whether it's organisational structures, leadership styles, or behavioural patterns, OD interventions aim to change certain parts of an organisation.
Programs and procedures used in organisational development (OD) interventions aim to enhance an organization's performance. These actions are intended to produce activities. The goal of organisational development (OD) interventions is to help an organisation accomplish its objective by resolving an issue.
These intervention efforts aim to enhance how the organisation operates and give managers and leaders the tools they need to better control the cultures of their teams and organisations. Interventions in human processes, technological structures, human resource management, and strategic transformation are all examples of interventions.
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Business is a social process . Discuss
Answer:
Business is a social process. a single person cannot run a business, there are many single owner but they also need other person's help or market help for their business survival. ex help of the resources,if the business is product based or help of customer If it is service based. all this things work together. the whole economy works together. so it is a social process .
Answer:
Technology aligned solutions integrating the functions and processes of hardware , software , telecommunications and networks . From basic internet connectivity to software development , w provide all kind of technological services based on the type of industry.
Explanation:
Hope this help BLINK!
Fill in the blanks
a. Every transaction affects at least ______accounts.
b. Money spent to run a business on a day-to-day basis is known as _______.
c. _________in liability is credit.
a. Every transaction affects at least two accounts. b. Money spent to run a business on a day-to-day basis is known as operating expenses. c. An increase in liability is credit.
In accounting, every transaction affects at least two accounts because of the double-entry system. One account is debited while the other is credited. Operating expenses refer to the daily expenses incurred by a business to keep it running. Examples include rent, salaries, utilities, and office supplies. When a liability increases, it is recorded as a credit. A liability is an obligation that a company owes to others, such as loans or accounts payable. Recording it as a credit, it shows that the company owes more money to its creditors.
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to break out of the reputation of an inexperienced newcomer, you should
a. incorporate the l-voice in business messages as often as possible.
b. attend a lot of meetings to get to know as many colleagues as possible
c. stand out from the corporate culture in terms of dress and communication
d. avoid taking on projects that will reveal inexperience.
e. be careful not to waste time on extras like creating a professional blog.
A person can attend several meetings to meet as many coworkers as they can in order to shed their reputation as a clueless rookie.
What else do you call reputation?Character, honor, influence, reputation, name, renown, opinion, position, prominence, standing, acceptability, authority, credit, reliability, distinction, and eminence.
What is a reputation example?A firm, organization, government, or even a whole nation may all have a reputation. A good reputation reflects the positive opinions others have of you. They could believe that you are dependable, honest, diligent, generous, kind, and a good citizen.
An individual or organization with a solid reputation is typically seen as dependable, trustworthy, and deserving of respect. On the other hand, a person or organization with a poor reputation is frequently perceived as being unreliable, untrustworthy, etc lacking in character.
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HELP ASAP
A company had sales revenue of $1,000,000 last year. Its operating expenses were $100,000 and its income tax expense was
$10,000. Additionally, the company had $20,000 in sales returns and cost of goods sold of $500,000. What was its gross profit?
Answer: 480,000
This should be the gross profit, but if I'm wrong please let me know and ill try to fix it. :)
what is Revenue ???
Answer:
Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations. Revenue, also known as gross sales, is often referred to as the "top line" because it sits at the top of the income statement. Income, or net income, is a company's total earnings or profit.
Explanation:
Not my answer
Answer:
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Revenue is the money generated from normal business operations, calculated as the average sales price times the number of units sold.
Which one of these is not an advantage of Kaplan and Norton's Balanced Scorecard?
1. Allows staff to see how roles fit with mission/objectives
2. Monitoring means any poor performance can be addressed
3. Gives shareholder value ultimate priority
4. Provides a broader view
The option that is not an advantage of Kaplan and Norton's Balanced Scorecard is Gives shareholder value ultimate priority. (3)
Gives shareholder value ultimate priority. The Balanced Scorecard focuses on four different perspectives, including financial, customer, internal processes, and learning and growth, rather than solely prioritizing shareholder value.
It provides a broader view of an organization's performance and allows for the monitoring and addressing of any poor performance. It also helps staff understand how their roles fit with the organization's mission and objectives.
Therefore, option 3 is not an advantage of the Balanced Scorecard.
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For the past six months, you've been training as a communications consultant for Renner Communications, a firm that advises companies on how to improve their communication practices. As part of your training, you've been helping your boss, Jack Thomas, conduct a study of internal communication at FireUp, Inc., a company that manufactures and sells its own line of stoves, fireplaces, and accessories.The study consisted of surveying FireUp's 100 U.S. employees, who work in all areas of the company (e.g., design, production, sales, customer service), as well as its 25 offshore employees, who manufacture most of FireUp's lightweight products. You asked both groups how well informed they felt they were on a variety of work-related topics, and you also asked how satisfied they were with the information they were contributing. Today you and Jack analyzed the results of the survey and developed appropriate recommendations for improving FireUp's internal communication. Jack then informed you that you'll be preparing not only a written report but also an oral presentation to deliver to the top FireUp executives.You're excited about the presentation, but a bit scared. This is your first major assignment as a Renner employee, so the professional stakes are high. But an additional challenge is that you have to convey some negative news in a tactful way. The U.S. employees felt fairly well informed on most topics, but the offshore employees felt that they were really out of the loop. They indicated that they felt poorly informed about company operations, employee benefits, opportunities for advancement—in fact, almost every work-related topic. They also felt that they had little opportunity to share their ideas or voice their concerns. You'll need to use good judgment when designing your presentation slides and planning your talk.
As a communications consultant at Renner Communications, I have been helping my boss, Jack Thomas, conduct a study on internal communication at FireUp, Inc. The study involved surveying 100 U.S. employees and 25 offshore employees, with the aim of understanding their level of satisfaction and awareness on a variety of work-related topics.
The results showed that while the U.S. employees felt fairly well informed, the offshore employees felt out of the loop on almost every work-related topic. They also felt they had little opportunity to voice their concerns and ideas.
While preparing my report and oral presentation for FireUp's top executives, I recognize that it is my responsibility to convey the negative news in a tactful manner. It is important to use good judgment when designing presentation slides and planning the talk, in order to highlight the areas where communication can be improved without blaming anyone or any department.
My approach would be to present the data in a balanced manner, showcasing the positive feedback while highlighting areas that need improvement. I would also suggest specific strategies that could be implemented to improve communication, such as creating a feedback mechanism for offshore employees and regularly conducting training programs to keep all employees informed.
Overall, while the professional stakes are high, it is important to remember that the ultimate goal is to help FireUp improve its internal communication practices. With the right approach, I am confident that I can deliver a successful presentation that will benefit both Renner Communications and FireUp.
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Please help!! This is for economics
Which type of market is the one in which a fast-food company buys the eggs to make a person's favorite breakfast sandwich?
Product market
Factor market
Financial market
Closed market
The market in which the business buys eggs to make the final product that is a sandwich is called as factor market. Thus, Option B is the correct choice.
What is a Factor market?A factor market is a marketplace wherein elements of manufacturing are bought and sold. Factor markets allocate elements of manufacturing, along with land, labor, and capital, and distribute profits to the proprietors of efficient resources, inclusive of wages, and many more.
Therefore, The market in which the business buys eggs to make the final product that is a sandwich is called factor market. Thus, Option B is the correct choice.
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1st part of question:
Three years ago, Margaret Moore started a business that creates and delivers holiday and birthday gift baskets to students at the local university. Margaret sells the baskets for $26 each, and her variable costs are $16 per basket. She incurs $12,900 in fixed costs each year.
(a) 3,990 Baskeets
Correct answer icon
Your answer is correct.
How many baskets will Margaret have to sell this year if she wants to earn $27,000 in operating income? (Round answer to 0 decimal places, e.g. 5,275.)
3,990
baskets
Last year, Margaret sold 3,800 baskets, and she believes that demand this year will be stable at 3,800 baskets. The following are the actions Margaret could take if she wants to earn $27,000 in operating income by selling only 3,800 baskets. Consider each action independently. (Round per unit answers to 2 decimal places, e.g. 52.75 and fixed cost to 0 decimal places, e.g. 5,275.)
Additional info:
Baskets $26 each
Variable Cost $ 16
$12,900 is fixed cost
1.
Raise selling price per unit to
$enter raise in selling price per unit amount in dollar rounded to 2 decimal places
2.
Reduce variable costs per unit to
$enter reduce variable costs per unit amount in dollar rounded to 2 decimal places
3.
Reduce fixed costs to
$enter reduce fixed costs per unit amount in dollar rounded to 2 decimal places
1)Margaret can increase her selling price per unit to $28.60,if she wants to earn $27,000 in operating income by selling only 3,800 baskets; 2)Margaret can reduce her variable cost per unit to $15.37 ,if she wants to earn $27,000 in operating income by selling only 3,800 baskets; 3) Margaret can reduce her fixed cost to $11,100, if she wants to earn $27,000 in operating income by selling only 3,800 baskets.
1. If Margaret wants to earn $27,000 in operating income by selling only 3,800 baskets, then she can increase her selling price to $28.60 per basket (rounded to 2 decimal places).
The contribution margin (CM) per basket is: CM = Price - Variable cost per unit= $26 - $16= $10Therefore, Margaret’s total contribution margin (CM) by selling 3,800 baskets is:
CM = $10 × 3,800= $38,000
Margaret needs to earn $27,000 in operating income, therefore, her total operating expenses can be calculated as follows:
Total operating expenses = Total contribution margin - Operating income= $38,000 - $27,000= $11,000If she sells 3,800 baskets at a price of $26 each, her revenue is:
Revenue = Selling price per unit × Number of units= $26 × 3,800= $98,800Margaret can increase her selling price by $2.60 per basket (rounded to 2 decimal places) and still sell 3,800 baskets.
Her new revenue will be:
New revenue = (Selling price per unit + Increase in selling price per unit) × Number of units= ($26 + $2.60) × 3,800= $114,680
2. If Margaret wants to earn $27,000 in operating income by selling only 3,800 baskets, then she can reduce her variable cost to $15.37 per basket (rounded to 2 decimal places).
Her contribution margin (CM) per basket is: CM = Price - Variable cost per unit= $26 - $16= $10Therefore, her total contribution margin (CM) by selling 3,800 baskets is:
CM = $10 × 3,800= $38,000Margaret needs to earn $27,000 in operating income, therefore, her total operating expenses can be calculated as follows: Total operating expenses = Total contribution margin - Operating income= $38,000 - $27,000= $11,000If she sells 3,800 baskets at a price of $26 each, her revenue is:
Revenue = Selling price per unit × Number of units= $26 × 3,800= $98,800Margaret can reduce her variable cost by $0.63 per basket (rounded to 2 decimal places) and still sell 3,800 baskets. Her new variable cost per unit will be:
New variable cost per unit = Variable cost per unit - Reduction in variable cost per unit= $16 - $0.63= $15.37
3. If Margaret wants to earn $27,000 in operating income by selling only 3,800 baskets, then she can reduce her fixed cost to $11,100 (rounded to 0 decimal places).
Her contribution margin (CM) per basket is: CM = Price - Variable cost per unit= $26 - $16= $10Therefore, her total contribution margin (CM) by selling 3,800 baskets is:
CM = $10 × 3,800= $38,000
Margaret needs to earn $27,000 in operating income, therefore, her total operating expenses can be calculated as follows:
Total operating expenses = Total contribution margin - Operating income= $38,000 - $27,000= $11,000
If she sells 3,800 baskets at a price of $26 each, her revenue is:
Revenue = Selling price per unit × Number of units= $26 × 3,800= $98,800Margaret can reduce her fixed cost by $1,800 (rounded to 0 decimal places) and still sell 3,800 baskets. Her new fixed cost will be:
New fixed cost = Fixed cost - Reduction in fixed cost= $12,900 - $1,800= $11,100
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If my revenue is one million and my expenses are 1,386,000, what's my profit in percentage
The profit in percentage given the revenue and the expenses is -38.60%
What is the profit in percentage?Percentage is the fraction of a number expressed as a value out of 100. The sign that is used to represent percentage is %. In order to convert a number to percentage, multiply by 100.
Profit is the difference between revenue and expenses. Revenue is the total income earned by a company before any deductions are made. Expenses include all the cost incurred in running a business.
Profit = revenue - expenses
1,000,000 - 1,386,000 = -386,000
Profit in percentage = (profit / revenue) x 100
(-386,000 / 1,000,000) x 100 = -38.6%
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A division within Sherman Inc. suggested the top management hold an open house featuring product demos, recreational activities, and office tours. Every employee of the company along with numerous company-outsiders was invited to the event. The workers and company guests mingled with each other and discussed the various facets of Sherman Inc., and the event became a grand gala success. Which type of department recommended these steps to top management, and what was the reason behind its recommendation
Answer:
Public relations department
Explanation:
The Department of Sherman Inc that would have recommended these steps to the management will most definitely be the public relations department, as this steps are in line with the duties/functions of a public relation department in every firm.
The purpose is to create a greater rapport between the company, customers and members of staff and also to improve community support
Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
how would develop business rules to implement controls for the
sales and collection process? Provide examples or share scholarly
support on the topic.
Business rules can be defined as a set of guidelines that an organization follows to achieve its goals and objectives. The organization can implement controls for the sales and collection process by developing business rules.
In this context, business rules serve as the guardrails that prevent transactions from occurring outside of the established controls. A few examples of business rules to implement controls for the sales and collection process are provided below:
Example 1: Limit the amount of credit extended to customers by setting a maximum limit for their credit account. This will ensure that the organization's credit risk is minimized, and the customer is not overburdened with debt.Example 2: Require salespeople to get approval from a supervisor before offering a discount to a customer. This will ensure that discounts are only given for valid reasons, such as a defect in the product.Example 3: Implement a collection process that includes a reminder system for customers who have overdue invoices. This will ensure that the organization receives payment in a timely manner and minimizes the need for costly collection efforts.Example 4: Define payment terms that specify when payment is due and how it will be made. This will ensure that customers are aware of their payment obligations and that the organization can accurately forecast cash flow and budgeting.Scholarly support on the topic: Business rules are an effective way to implement controls for the sales and collection process. According to the Journal of Information Systems Applied Research, business rules "provide a powerful means for organizations to manage their business processes, automate decision making, and ensure compliance with laws, regulations, and internal policies."
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what is the equations for work under conditions of (a) isothermal reversible expansion?
The equation for work under conditions of isothermal reversible expansion is W = -nRT ln(V₂/V₁).
In thermodynamics, work (W) is defined as the energy transferred from one system to another. In the case of an isothermal reversible expansion, the system is expanding at a constant temperature (T). The work done by the system during this process is given by the equation:
W = -nRT ln(V₂/V₁)
Where:
- n is the number of moles of gas
- R is the universal gas constant
- T is the constant temperature
- V₁ is the initial volume of the system
- V₂ is the final volume of the system
The negative sign in the equation indicates that the work is done by the system, meaning that the system is losing energy. The natural logarithm (ln) of the ratio of the final volume to the initial volume (V₂/V₁) is used to account for the fact that the work done is proportional to the change in volume during the expansion.
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Implementing and executing strategy successfully requires Implementing and executing strategy successfully requires:______________
A. the same kinds of creative management talent and innovative thinking capabilities as crafting strategy.
B. a financially driven process aimed at squeezing the most profit out of conducting daily operations.
C. the efforts of a company's whole management team, not just a few senior managers
D. a high caliber CEO that possesses the business vision, industry and competitive analysis skills, and entrepreneurial creativity needed to navigate the competitive landscape.
E. less managerial expertise and effort to perform well, at least in comparison with crafting a winning strategy.
Answer: C. . the efforts of a company's whole management team, not just a few senior managers
Explanation:
Planning, implementing and carrying out strategies requires a careful, collective and calculative decision to be made by all head of department and the board of an organization, because the decision taken will rub off through these departments for implementation. The decision or choice of decision should not be left to a few persons in the organization because when the ideas and plans are arranged the execution may fail as all the respective department were not involved by their heads.