Job satisfaction, is the extent to which employees have positive or negative feelings about various aspects of their work. Thus, option (a) is correct.
What is employees?The term employee refers to the work in the company to earn the money. The employee is the provided the services to the company with exchange of the salary. The employees are the work with the unity are the increased the wealth of the company.
According to the employees have positive or negative feelings are the job satisfaction. The job satisfaction are the employees are the satisfy the job. An employee is the freely work and the manage the work are the easily to satisfy the job.
As a result, Job satisfaction is the degree to which individuals have favorable or negative attitudes about different aspects of their work. Therefore, option (a) is correct.
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Which of the following influences what you choose to wear
Your activities
All of the Above
Basic needs
Your personal preferences
Answer:
all of the above dnnxndncnvhhdbdbdbd
Describe a business crisis from recent years during which better communication would have aided the corporation(s) in question.
Could enforced transparency have prevented the setback--or would it have made it worse? If you were in control of communication during the crisis, how. would you address your investors?
One business crisis from recent years during which better communication would have aided the corporation(s) in question is the one involving Rogers Contract. A small comma error led to an error that cost two million US. dollars. This case study became known as the "Comma Quirk".
If you were in control of communication during the crisis, how. would you address your investors?In cases like the above, transparency would definitely go a long way in addressing the issue. Given the value of the contract, it is expected that such a problem would have been escalated to the highest levels of authority.
At such a level, deals can be made to mitigate such losses, assuming there was zero operational control to check such things.
Some of the operational control that would forestall such errors is to ensure that such contracts go through at least three eagle-eyed hands before it is finally endorsed.
Another tool that serves to protect companies from bearing the full weight of the loss is to have Insurance in place that caters to Errors and Omissions.
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1. (15 points) A sales budget is given below for one of the products manufactured by the Key
Co.:
January
February
March
April
May
June
21,000 units
36,000 units
61,000 units
41,000 units
31,000 nits
25,000 units
The inventory of finished goods at the end of each month should equal 20% of the next month's
sales. However, on December 31 the finished goods inventory totaled only 4,000 units. Each unit
of product requires three specialized electrical switches. Since the production of these specialized
switches by Key's suppliers is sometimes irregular, the company has a policy of maintaining an
ending inventory at the end of each month equal to 30% of the next month's production needs.
This requirement had been met on January 1 of the current year.
Required:
a. Prepare a budget showing the required production each month for January, February, March,
and April
b. Prepare a budget showing the quantity of switches to be purchased each month for January,
February, and March.
Answer:
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Explanation:
Which of the following is an advantage of the corporate form of organization?
The ability to raise large sums of equity capital is the advantage of the corporate form of organization. Hence, option A is correct.
What is a corporate form of organization?A corporate type of organization is characterized primarily by restricted liability, shareholder ownership, double taxation, continuous existence, and professional management.
The options are missing from the question-
1 Ability to raise large sums of equity capital
2 Ease of ownership transfer
3 Profits taxed at the corporate level
4 Limited liability for all owners
Thus, option A is correct
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What is a family brand?
A. A brand for the products in one or more product lines
B. A brand for children's products
C. A brand used during the maturity stage of the product life cycle
O D. Goods purchased for use by a family
Answer:
A
Explanation:
also preferred as a umbrella branding..
manufacturers name of brand. name or two or more individuals product
We refer to a company's management of multiple goods under one brand as a family brand. They frequently belong to the same product family, line, etc., indicating that the items are connected.
Thus, option A is correct.
What does business family branding entail?A marketing strategy called umbrella branding, commonly referred to as family branding, uses a single brand name to promote the sale of two or more related products. Typically, businesses with strong brand equity employ umbrella branding (the value of a brand in a certain marketplace).
There are no additional brand names, markings, or other means of identification for any of the products. In contrast to brand expansion, umbrella branding is the marketing of comparable products under a single brand name rather than differentiated products. As a result, brand expansion in the form of umbrella branding may be considered. The use of umbrella branding does not prevent a company from using several branding strategies for various products.
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If the amount of gasoline purchased per car at a large service station has a population of $15 and a population standard deviation of$4 then 99.73% of all cars will purchase between $3 and $27
The range between $3 and $27 is three standard deviations away from the mean.
Since we know that 99.73% of the data falls within three standard deviations of the mean, we can estimate that 99.73% of all cars will purchase gasoline between $3 and $27.
According to the given information, the population mean is $15, and the population standard deviation is $4.
This means that 99.73% of all cars will purchase gasoline within three standard deviations of the mean, using the empirical rule.
Therefore, we can use the empirical rule to estimate the percentage of cars that will purchase gasoline between $3 and $27.
The empirical rule is also known as the 68-95-99.7 rule, which states that:Approximately 68% of the data falls within one standard deviation of the meanApproximately 95% of the data falls within two standard deviations of the meanApproximately 99.7% of the data falls within three standard deviations of the mean.
To find the number of standard deviations that correspond to $3 and $27, we need to calculate the z-scores.
The z-score formula is given as:z = (x - μ) / σwhere z is the standard score, x is the value of the variable, μ is the population mean, and σ is the population standard deviation.
To find the z-score for $3, we plug in the values:z = (3 - 15) / 4z = -3To find the z-score for $27, we plug in the values:z = (27 - 15) / 4z = 3.
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Seasons Construction is constructing an office building under contract for Cannon Company and uses the percentage-of-completion method. The contract calls for progress billings and payments of $1,550,000 each quarter. The total contract price is $18,600,000 and Seasons estimates total costs of $17,750,000. Seasons estimates that the building will take 3 years to complete, and commences construction on January 2, 2018.At December 31, 2018, Seasons estimates that it is 30% complete with the construction, based on costs incurred. What is the total amount of Revenue and Profit from Long-Term Contracts recognized for 2018?
Answer:
The correct answer is "$5,580,000".
Explanation:
The given values are:
Total contract price,
= $18,600,000
Completion percentage,
= 30%
Seasons estimates,
= $17,750,000
Now,
In 2018,
The total amount of revenue will be:
= \(Total \ contract \ price\times Completion \ percentage\)
On substituting the given values, we get
= \(18,600,000\times 30 \ percent\)
= \(5,580,000\) ($)
which of the following is not a dimensions of difference between an and owner manager?risk taking, motivation, time orientation, financial management.
In QuickBooks, when first setting up sales taxes for a client, what information will be prepopulated?
Answer:
Company address
Explanation:
Quick books is accounting software that is made for small and medium-sized organizations. They include cloud-based applications for business payments.
For setting up the software and first starting with the sales taxes for the contents one needs to enter the company address, and start with the other information.Learn more about the first set-up sales taxes for a client.
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Inspectors are responsible for what:
A. Making rules and regulations
B. Choosing where businesses can operate
c. Enforcing rules and regulations
D. Making employment laws
which of the following is true of heirarchical clustering
Answer:
*See Explanation*
Explanation:
Heirarchical Clustering is a form of collective data. For example if you want to find out which Soda sells more you would collect data based on reviews from customers of each purchase. Your data will be collected in a cluster which you will then organize into a valuable marketing strategy.
Sam bought 100 shares of common stock on company A at the price of $40.97 per share on June 1. Since then Sam has closely watched the monthly prices for company A: $45.19 on July 1, $49.75 on August 1 and $51.58 on September 1 of the same year. company A doesn’t pay any dividend. Based on the stock performance over these three months, what is the standard deviation for monthly returns on company A?
A. 10.50%
B. 10.09%
C. 3.68%
D. 3.76%
The standard deviation for monthly returns on company A is approximately 8.03%
What is the standard deviation for monthly returns on company ATo calculate the standard deviation of monthly returns, we need to first calculate the monthly returns for the three months of observation. We can do this by using the formula:
Monthly Return = (Current Price - Purchase Price) / Purchase Price
For July 1:
Monthly Return = ($45.19 - $40.97) / $40.97 = 0.103 or 10.3%
For August 1:
Monthly Return = ($49.75 - $40.97) / $40.97 = 0.2143 or 21.43%
For September 1:
Monthly Return = ($51.58 - $40.97) / $40.97 = 0.2589 or 25.89%
Next, we need to calculate the average monthly return (R) over the three months:
R = (10.3% + 21.43% + 25.89%) / 3 = 19.2%
Now, we can calculate the standard deviation (σ) of the monthly returns using the formula:
σ = √ [(Σ (Ri - R)^2) / (n - 1)]
where Ri is the return for the ith month, and n is the number of observations (in this case, n = 3).
Plugging in the values, we get:
σ = √[((10.3% - 19.2%)^2 + (21.43% - 19.2%)^2 + (25.89% - 19.2%)^2) / (3 - 1)]
= √[(94.86 + 3.62 + 35.37) / 2]
= √[(133.85) / 2]
= 8.03%
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4. What was the closing price of the corporation on July 26th?
The closing price of a security, such as a stock or a commodity, is the final price at which it was traded on a particular trading day. The calculation of the closing price depends on the market in which the security is traded.
What is closing price?If you have access to the historical data of the security, you can easily calculate the closing price by finding the last recorded price of the security on a given trading day. Many financial websites and data providers offer this information in their daily summary of a security's trading activity.
However, if you are looking to calculate the closing price in real-time, you can use a real-time data provider that offers the latest market quotes for the security you are interested in. The closing price is usually determined at the end of the trading day, which varies depending on the market and the security being traded.
In general, to calculate the closing price of a security, you need to find the last traded price of the security for the day. This information can be obtained from various sources, such as stock exchange websites, financial news websites, or real-time data providers. Once you have this information, you can use it to calculate the closing price of the security for that particular trading day. An overview was given.
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The following is select financial statement information from Vortex Computing:
Year
2018
2019
2020
Net Credit Sales
$1,557,200
$1,755,310
$1,865,170
Ending Accounts Receivable
$398,000
$444,400
$500,780
Answer:
Explanation:
can i get the answer
Accounts Receivable Turnover Ratio (2019) = 4.16 times
Number of Days' Sales in Receivable (2019) = 88 (approx) days
Accounts Receivable Turnover Ratio (2020) = 3.95 times
Number of Days' Sales in Receivable (2019) = 92 (approx) days
For calculating the ratio:
Average Accounts Receivable(AAR) = (Beginning Accounts Receivable + Ending Accounts Receivable) / 2
Accounts Receivable Turnover Ratio(ARTR) = Net Credit Sales / Average Accounts Receivable
Number of Days' Sales in Receivable(NDSR) = 365 days / Accounts Receivable Turnover Ratio
For 2019,
Average Accounts Receivable(AAR) = ($398,000 + $444,400) / 2 = $421,200
Net Credit Sales (2019) = $1,755,310
ARTR (2019) = $1,755,310 / $421,200 = 4.16 times
NDSR (2019) = 365/4.16 = 87.98 ≈ 88 days(approx)
For 2020
AAR(2020) = ($444,400 + $500,780) / 2 = $472,590
Net Credit Sales (2020) = $1,865,170
ARTR (2020) = $1,865,170 / $472,590 = 3.95 times
NDSR (2020) = 365 days / 3.95 = 92.41 ≈ 92 days (approx) days
Vortex Computing is below the industry average as their ARTR (2020) is 3.95 while for the industry it is 4.00 times.
Vortex Computing's days' sales in receivable ratio for 2020 is approximately 92 days, while the industry average is 91.25 days.
It should be noted that these are a partial view of the company's financial health, and other factors such as profitability ratio, liquidity, and overall industry conditions should be considered when evaluating an investment in Vortex Computing.
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On the 24th, a shooting incident occurred at a high school in St. Louis, Missouri, my country. A 19-year-old gunman opened fire on the campus, causing 2 deaths and 7 injuries, and was eventually shot dead by the police.
On October 25, St. Louis Mayor Tishaura Jones said that gun violence continues to take the lives of children and children in our country, and its severity is enough to become a "national emergency" and the government should take action. Police said at a news conference that day that the gunman was Orlando Harris, a 19-year-old male who just graduated from the high school last year.
The deaths at the high school in St. Louis, Missouri, United States show that an argument can indeed be made for tighter gun controls in the country.
Should there be tighter gun controls in the United States?The most recent tragedy that resulted from gun violence in the United States, was the killing of two people at the Central Visual and Performing Arts High School, St. Louis, Missouri, by a previous student of the school.
Over the years, there have been other instances of gun violence in American schools including the shooting at Uvalde, Texas that led to the deaths of 19 children.
The United States has the highest rates of gun ownership in the entire world as well as one of the highest rates for mass shooting. This means that there must be a correlation between the two. Nations that have tighter gun controls have lower rates of mass shooting.
There is therefore a good enough argument that the United States should introduce stricter and tighter gun controls in order to reduce the incidence of mass shootings, especially at schools.
The rest of the question is:
Does this shooting add more evidence for the argument for tighter gun control or less?
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What is the first thing people should do when creating a budget?
A. Record everything that they spend and what they spend it on
B. Cut spending in every category of expenditures drastically
OC. Put every extra dollar towards paying off their debts
D. Hire an accountant or financial planner to take care of it
it’s A
When creating a budget people should Record everything that they spend and what they spend it on. The appropriate response is option A.
What is a budget ?A budget is an estimate of income and expenditures for a given future period of time, and it is often created and updated on a regular basis. A individual, a group of people, a corporation, a government, or pretty much anything else that makes and spends money can all have budgets.
Budgeting is essential if you want to control your monthly spending, be ready for life's unforeseen events, not falling into debt. Monitoring your income and expenses is a crucial component of budgeting.
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Advanced Debtor–Creditor Relations and Secured Transactions :
1.Suppose you are buying a house and a bank is lending you the money for the purchase. In finalizing the loan, the bank will require you to sign a mortgage/deed of trust, as well as a:
a)writ of execution.
b)writ of attachment.
c)promissory note.
d)security agreement.
In finalizing the loan, the bank will require you to sign a mortgage/deed of trust, as well as a: promissory note.
A promissory note is a written agreement between two parties (you, the borrower), in which you promise to repay a debt obtained from the other party (often a bank or other financial institution).
Promissory notes can be issued by anybody who wants to lend money (for example, house sellers, credit unions, Fin-Tech companies, and non-mortgage-related banks), but they are specifically used in real estate and the mortgage process to ensure that borrowers will pay back their loans on schedule.
Hence the correct option is C
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A company can stretch its product line either upward or downward, but not both directions. true or false?
The assertion is false. Firms occasionally consider expanding their product line downwards as well as upwards, albeit this is uncommon and more likely in emerging or growing markets.
What is productline?A product line is a group of connected products that a company sells. Apple, for example, provides computers, and mobile devices including smartphones and tablets, MP3 players, wearable technology, and internet services. Each of them would be regarded as a distinct product line, and within each product line, they might provide a wide variety of different items made to meet various demands.
Stretching a product line involves moving it past the predetermined positioning of the assortment of goods.
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performance.
Below is the information relating to production and sale of the
threeproducts for the year ending 31 December 2019:
Particulars
Krollers
Bags
Output sold (000)
Unit sales and costs
Selling price
Direct materials
Direct labour
Fixed production costs
Selling and distribution
Costs
Layers
Bags
1,200
Shs
1,050
Shs
Broilers
Bags
1,300
Shs
200,000 185,000 180,000
90,000 100,000
60,000 50,000
28,000 24,000
7,000 7,000
80,000
45,000
30,000
7,000
Administrative costs
5,000 5,000
6,000
Management accountant further advised that shutting down the
production line of feed concentrate for Kroilers will save 20% of the
total annual fixed costs.
Required:
Advise SIL's management, on whether the production line of
feed concentrate for Kroilers should be shut down.
(9 marks)
Based on the information provided, I recommend that SIL does not shut down the production line of feed concentrate for Kroilers
How to explain the informationThe decision to shut down a production line is a complex one that should be made on a case-by-case basis.
In the case of SIL, the management accountant has advised that shutting down the production line of feed concentrate for Kroilers will save 20% of the total annual fixed costs. This would result in a net profit increase of Shs. 2,800,000 (20% of 28,000,000). However, there are a number of other factors that need to be considered.
Based on the information provided, I recommend that SIL does not shut down the production line of feed concentrate for Kroilers. The financial benefits of the closure would be offset by the costs of job losses, lost sales, and damage to the company's reputation. The company should explore other options, such as finding a way to reduce costs without closing the production line.
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6. If you want to start an emergency savings fund and want to make sure your money is available at any given time, which is the best option for you?
Answer: Bank Savings
Explanation:
A bank savings account is the best option for an emergency savings fund. Bank savings accounts provide easy access to your funds and are usually insured by the FDIC, so your money is safe. Additionally, they often have low minimums and competitive interest rates, allowing you to earn more on your savings. Money market mutual funds and CDs may require higher minimums and have less liquid investments, making them less suitable for emergency savings.
If you want to start an emergency savings fund and want to make sure your money is available at any given time by the bank saving account.
What is a bank?A bank is a type of financial entity that lends money while both taking deposits from the public and generating demand deposits. The bank may engage in lending activities directly or indirectly through the capital markets.
As, by using the bank account, we can get over money at the time, as we can use it as an emergency savings fund and want to make sure your money is available at any given time.
Therefore, The right option (B) is correct.
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Maria Miller, a lottery winner, will receive the following payments over the next seven years. She has been approached by an investor who will pay Maria a lump sum today for the rights to those future cash flows. If she can invest her cash flows in a fund that will earn 9.8 percent annually, how much should Maria require the investor to pay for the cash flows? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.)
Question Completion:
Year 1 2 3 4 5 6 7
$241,000 $291,000 $316,000 $341,000 $391,000 $441,000 $591,000
Present value of investment$
Answer:
Maria Miller
The lump sum collection by Maria Miller should be:
= $1,738,016.85
Explanation:
a) Data and Calculations:
Cash flows from year 1 to year 7:
Future Value Present Value
Year 1 $241,000 $219,490.04
Year 2 $291,000 241,372.92
Year 3 $316,000 238,715.06
Year 4 $341,000 234,609.12
Year 5 $391,000 244,999.21
Year 6 $441,000 251,665.93
Year 7 $591,000 307,164.57
Total $2,612,000 $1,738,016.85
b) The amount that Maria Miller should request today for her annual cash flows at 9.8% interest annually should be $1,738,016.85. This is the present value of the future cash flows. The above present values of the cash flows were obtained using an online calculator.
Take example to evaluate how luxury brands create symbolic value to global consumer
Explanation:
because of the popularity
Consider a firm redesigning its logistics network. What are the advantages of having a small number of centrally located warehouses? What are the advantages of having a larger number of warehouses closer to the end customers?
Small centrally located warehouses offer cost efficiency and simplified inventory management, while larger warehouses closer to customers provide faster delivery, better customer service, and cost savings in shipping.
Having a small number of centrally located warehouses offers several advantages in a firm's logistics network:
Cost Efficiency: Centralized warehouses can lead to cost savings in terms of inventory management, transportation, and operational overheads. With fewer warehouses, the firm can benefit from economies of scale in procurement, storage, and distribution.
Simplified Inventory Management: Managing inventory becomes more streamlined when there are fewer warehouses. It allows for better control and visibility over stock levels, reducing the risk of stockouts or overstocking.
Faster Transit Times: With centrally located warehouses, products can be shipped more quickly to various regions since they are closer to major transportation hubs. This reduces lead times and improves overall customer satisfaction.
Improved Coordination: Centralized warehouses facilitate better coordination and synchronization of supply chain activities. It becomes easier to manage inbound and outbound logistics, optimize transportation routes, and consolidate shipments.
On the other hand, having a larger number of warehouses closer to end customers provides the following advantages:
Faster Delivery: Proximity to end customers enables faster order fulfillment and delivery. Products can reach customers more quickly, reducing transit times and improving responsiveness.
Enhanced Customer Service: Local warehouses allow for better customization and personalization of service. They can cater to specific regional preferences, offer faster response times to customer queries, and handle returns or exchanges more efficiently.
Lower Shipping Costs: By locating warehouses closer to customers, transportation costs can be reduced as products travel shorter distances. This can lead to cost savings in shipping expenses.
Flexibility and Redundancy: Having multiple warehouses distributed geographically provides redundancy and flexibility in the supply chain. It mitigates the risk of disruptions, such as natural disasters or transportation issues, as the firm can rely on alternative warehouse locations.
In summary, a small number of centrally located warehouses offer cost efficiency and streamlined inventory management, while a larger number of warehouses closer to end customers provide faster delivery, improved customer service, lower shipping costs, and increased flexibility.
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Explain five planning steps that are required to have a good business communication. Take any of the business as example and implement those five planning steps on it, as answer
The correct answer to this open question is the following.
Although you did not include any specific context or references, we can say the following.
The five planning steps that are required to have good business communication are the following.
1.- Establish attainable and specific goals. You can use the SMART formula.
2.- Identify who ypur audience is and where they are so you can be effective in sending your messages.
3.- Prepare the right strategy to implement your program. Have your communication department on the same page.
4.- Prepare the proper budget so you can run your program.
5.- Perform your program, monitor it, and evaluate your results.
For instance, Walmart is a corporation that makes communication a priority and invests time and money to run communications programs so every employee in the corporation is on the same page and can perform their jobs effectively, eliminate rumors, and be productive.
Shareholders are sometimes referred to as disenfranchised, or having synthetic ownership . What does this mean
When shareholders are referred to as disenfranchised or having synthetic ownership it means that the shareholders while owning the majority stock have the real right in selling the stock and not in possession.
What is disenfranchised or synthetic ownership of stock?Disenfranchise or synthetic ownership means that shareholders do not own the underlying stock but have the right to sell, thereby providing them with consistent cash flows.
Thus, when shareholders are referred to as disenfranchised or having synthetic ownership it means that the shareholders while owning the majority stock have the real right in selling the stock and not in possession.
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If the real GDP in a country is at a higher output level than full employment output, then which of the following is true?A. The unemployment rate is greater than the natural rate.B. The unemployment rate is lower than the natural rate.C. The cyclical unemployment rate is positive.
If the real GDP in a country is at a higher output level than full employment output, then of the following is true The unemployment rate is lower than the natural rate.
What changes in real GDP occur as unemployment increases?The relationship between unemployment and GDP is the focus of a different interpretation of Okun's law, which states that a 2% decline in GDP results from a 1% increase in unemployment.
What will occur if a country's real GDP is higher than it is at full employment?An economy is in a recession if the present real GDP is lower than the output at full employment. A boom in the economy can be seen if the real GDP at the moment is higher than the output at full employment. We argue that the economy is in long-run equilibrium if present output is equivalent to full employment output.
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In a table, what is a field?
In a table, a field contains data about one aspect of the table subject.
Due to the fact that they contain all the data or information, tables are crucial database objects. You should always begin your design of a database by constructing all of its tables before developing any other items since other database objects rely so heavily on tables. Records (rows) and fields (columns) make up a table.
Data can be entered in fields in a variety of formats, including text, numbers, dates, and hyperlinks. Each field in a table provides information specific to that field's subject, such as the first name or email address. You can modify the properties of tables and fields to alter their appearance or behaviour. A field property pertains to a specific field in a table and describes a feature or attribute of the field's behaviour.
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Answer:
Explanation:
In a table, a field contains data about one aspect of the table subject.
How do you determine if a rational economic decision has been made?
If benefits outweigh the costs
If costs outweigh the benefits
Answer:
if benifits outweigh the costs
Explanation:
its that 1
Consider that the market demand function For IBM Computer represented as a. Calculate Price elasticity of demand when d=20,000-0.5P, Ceteris paribus the price per unit is Birt 10,000. b. It the demand for IBM Computer aces elsarric, inelastic or Unitary elastic? C. Interpret the result
A. The price elasticity of demand is PED ≈ -0.67.
B. The demand for IBM computers is inelastic because the absolute value of the price elasticity of demand (PED) is less than 1.
C. The negative value of the price elasticity of demand (-0.67) indicates an inverse relationship between price and quantity demanded.
To calculate the price elasticity of demand (PED), we need to use the formula:
PED = (% change in quantity demanded) / (% change in price)
a. Given the demand function d = 20,000 - 0.5P and the price per unit is $10,000, we can calculate the quantity demanded at this price by substituting P = $10,000 into the demand function:
d = 20,000 - 0.5 * 10,000
d = 20,000 - 5,000
d = 15,000
Now, let's consider a small change in price. Let's say the price decreases to $9,500, and the quantity demanded changes to 15,500. We can calculate the percentage changes:
% change in quantity demanded = (15,500 - 15,000) / 15,000 * 100 = 3.33%
% change in price = (9,500 - 10,000) / 10,000 * 100 = -5%
Now we can calculate the price elasticity of demand:
PED = (% change in quantity demanded) / (% change in price)
PED = 3.33% / -5%
PED ≈ -0.67
b. The demand for IBM Computer is inelastic because the absolute value of the price elasticity of demand (PED) is less than 1. In this case, the PED is approximately -0.67, indicating that a 1% change in price will lead to a smaller percentage change in quantity demanded.
c. The negative value of the price elasticity of demand (-0.67) indicates an inverse relationship between price and quantity demanded. In other words, as the price of IBM Computers increases, the quantity demanded decreases, and vice versa. However, since the demand is inelastic, the change in quantity demanded is proportionately smaller than the change in price. This suggests that consumers are not highly responsive to price changes, and IBM Computers are relatively price-insensitive.
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erpetual Inventory Using Weighted Average
Beginning inventory, purchases, and sales for WCS12 are as follows:
Oct. 1 Inventory 310 units at $9
13 Sale 170 units
22 Purchase 360 units at $12
29 Sale 200 units
a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the October 22 purchase. Round your answer to two decimal places.
$fill in the blank 1
per unit
b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of goods sold on October 29. Round your "average unit cost" to two decimal places.
$fill in the blank 2
c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on October 31. Round your "average unit cost" to two decimal places.
The weighted average unit cost is $10.61.
The cost of goods sold on October 29 is $2,122.39.
The inventory on October 21 is $3138.
What is the average weighted cost?The weighted cost of goods sold = [(310 x 9) + ($12 x 360)] / (360 + 310)
(2790 +4320) / 670
7,110 / 670 = $10.61
Cost of the goods sold on October 29 = average unit cost x number of goods sold
$10.61 x 200 = $2,122.39
Inventory on October 21 = ending inventory x average cost
ending inventory = total inventory - total inventory sold
total inventory = 310 + 360 = 670 units total inventory sold = 170 + 200 = 370 units ending inventory = 670 - 370 = 300 unitsInventory on October 21 = 300 units x 10.61 = $3,183
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