The units of production for the month were 100,000 actual units and 110,000 budgeted units.
To calculate the overhead absorption rate (OAR), we can use the formula:
OAR = Budgeted Overheads / Budgeted Units of Production
OAR = £209,000 / 110,000
OAR = £1.90
Therefore, the OAR for December is £1.90.
To calculate the absorbed overheads, we can use the formula:
Absorbed Overheads = OAR x Actual Units of Production
Absorbed Overheads = £1.90 x 100,000
Absorbed Overheads = £190,000
Therefore, the absorbed overheads for December are £190,000.
To calculate the under/over absorption, we can use the formula:
Under/Over Absorption = Actual Overheads - Absorbed Overheads
Under/Over Absorption = £170,000 - £190,000
Under/Over Absorption = £20,000 under absorbed
Therefore, the under/over absorption for December is £20,000 under absorbed.
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7) Mr. Smith acquired a property consisting of one acre of land and a two-story building five years ago for $100,000. He also obtained an $80,000 mortgage loan from ACE Bank to provide financing to complete the purchase. This year, Mr. Smith constructed another building on the property with his own funds at a cost of $20,000. Mr. Smith has decided after completing the building to approach Duce Bank to borrow against his property with a $16,000 second mortgage. Is Duce Bank likely to provide the $16,000 in financing
Answer:
hey sorry i just want points YOSHII :3
Explanation:
Apart from providing $16,000 in the financing, the other option that can be considered by Mr. Smith is that after using the property clause, the thing that can be done with the $80,000 first lien under the terms of the first mortgage, the lender has a first lien on any modifications made to the property used to secure the mortgage loan.
What is a mortgage loan?A mortgage loan is a kind of secured loan. After applying for a mortgage loan, one can get the funds in exchange for immovable assets like a house or a commercial property that provides security for the lender.
In the case of Mr.Smith, as per the provisions contained in the existing mortgage document, there is a bank name ABC bank that would most probably be the first lien on the new building constructed by Mr. Smith.
Therefore, an approach has been made by Mr. Smith to Duce Bank before constructing a new building on land which served as security for the initial mortgage loan.
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The complete question is attached in text form:
Mr. Smith acquired a property consisting of one acre of land and a two-story building five years ago for $100,000. He also obtained an $80,000 mortgage loan from ACE Bank to provide financing to complete the purchase. This year, Mr. Smith constructed another building on the property with his own funds at a cost of $20,000. Mr. Smith has decided after completing the building to approach Duce Bank to borrow and mortgage the new building with a $16,000 loan. Is Duce Bank likely to provide the $16,000 in financing? What other options may Mr. Smith have to consider?
Pr 8-3a budgeted income statement and supporting budgets obj. 4 the budget director of birding homes & feeders inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for january: a. estimated sales for january: bird house . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000 units at $25 per unit bird feeder . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000 units at $15 per unit
Estimated sales for January: bird house $375,000 total of 15,000 units at $25 per unit bird feeder $600,000 of 40,000 units at $15 per unit.
What is the income statement formula?Net Income = Revenues - Expenses is the fundamental formula for an income statement. This straightforward equation illustrates the business' profitability. The company is profitable if revenues exceed expenses.
Why is an income statement important?Business owners can tell whether their organization is headed toward profitability or losses using income statements. Due to the full breakdown of income and spending in an income statement, business owners can determine what has to be changed in order to boost revenues or reduce costs.
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Deciding what is most important for your budget is a process known as :
A) prioritization
B) reconciliation
C) tracking
D) budgeting
E) None of the above
The most important for your budget is a process known as prioritization, Because It would be the most important as you set the priority on food, and gas.
What is a budget?A budget You can prepare for your income and expenses over the course of a specific time period using a budget. Making a monthly budget, for instance, considers where your income and expenses will go each month. "A budget is frequently a dirty term or has a nasty ring to it.
Simply said, a budget is a spending plan that accounts for both present and future sources of income and expenses. A budget ensures that your spending is under control and that your savings are on track for the future.
The term Prioritization refers to that, arranging activities in order of importance relative to each other. In the context of medical evaluation, it is the establishment of the importance or the urgency of actions
Therefore, Thus option (A) is correct.
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When an account payable is paid off in full, an entry is journalized that credits
which account?
O A. Accounts Payable
B. Accounts Receivable
C. Cash
D. Income
Answer:
B
Explanation:
In a BIP problem, which of the following constraints would enforce a mutually exclusive relationship between project 1 and project 2?
Multiple Choice
x1 + x2 ≤ 1
x1 + x2 ≥ 1
x1 − x2 ≤ 1
x1 − x2 = 1
None of the answer choices is correct.
The correct answer is x1 + x2 ≤ 1. This constraint ensures that either project 1 or project 2 can be selected, but not both at the same time. If x1 = 1 (project 1 is selected), then x2 must be 0 (project 2 is not selected) and vice versa.
The other constraints do not enforce this mutually exclusive relationship between the two projects. x1 + x2 ≥ 1 allows both projects to be selected at the same time, x1 − x2 ≤ 1 allows for overlapping selection of both projects, and x1 − x2 = 1 only enforces a specific difference between the selection of project 1 and project 2.
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If total liabilities decreased by $30800 and owner's equity increased by $19500 during a period of time, then total assets must change by what amount and direction during that same period? a. $11300 decrease b. $11300 increase c. $50300 decrease d. $50300 increase
total assets must change by an amount of $11300 in the direction of increase during that same period. If total liabilities decreased by $30800 and owner's equity increased by $19500 during a period of time, then total assets must change by an amount of $11300 in the direction of increase during that same period.
A liability is a financial obligation or debt that an organization or an individual owes to a lender or creditor. It might be classified as short-term or long-term, depending on the repayment timeline. A liability is typically an amount owed, but it may also represent a contractual agreement to pay cash or provide products or services in the future. An asset is a resource that is owned or controlled by an entity, corporation, or country and has economic value. It might be anything from physical property like real estate or equipment to intangible property like intellectual property or trademarks. The balance sheet equation is as follows:Assets = Liabilities + Owner's EquityIn accounting, the balance sheet is a financial report that displays a business's assets, liabilities, and equity at a given time. Because the equation must balance, any changes in liabilities or owner's equity must be matched by a corresponding change in assets. That is to say:Increase in Liabilities + Increase in Owner's Equity = Increase in AssetsDecrease in Liabilities + Decrease in Owner's Equity = Decrease in AssetsTherefore, if total liabilities decreased by $30800 and owner's equity increased by $19500 during a period of time.
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Which of the following is the best example of a "modified re-buy" by an organizational buyer?
a.XYZ Corp. needs to purchase more of the computer sensors it inserts in all its products, so the purchasing agent calls three of their sensor vendors and orders 33% from each of them.
b.WWW Corp. needs to purchase more of the computer sensors it uses in all its products. The purchasing agent recently was approached by a new vendor, so he decides to try them out by giving them 25% of the order.
c.STP Corp. needs to purchase more of the computer sensors that it uses in all of its products. STP's computer automatically detects the shortage of sensor inventory and sends e-mail orders to two of STP's sensor vendors.
d.FYI Corp. needs to purchase more of the computer sensors it uses in its products, but the purchasing agent decides to switch from the sensors they have used in the past and try a new type of "smart material" instead.
e.ABC Corp. decides to begin inserting computer sensors in all the products it manufactures and looks for vendors who sell them.
The best example of a "modified re-buy" by an organizational buyer is option b. WWW Corp. needs to purchase more of the computer sensors it uses in all its products.
The purchasing agent recently was approached by a new vendor, so he decides to try them out by giving them 25% of the order.
A "modified re-buy" occurs when an organizational buyer makes a purchase similar to a previous one but with some changes, such as using a new vendor or modifying the specifications. In this example, the purchasing agent is incorporating a new vendor into their purchasing decision, which fits the definition of a modified re-buy.
Therefore, correct answer is option B.
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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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Explain five steps in product design for a business
Explanation:
Five phases guide the new product development process for small businesses: idea generation, screening, concept development, product development and, finally, commercialization.
How many barrels of oil are in the strategic petroleum reserve.
Answer:
714 million barrels
Kate owned a small grocery store. one day john went to the store and purchased a can of chip dip that was, unknown to kate or john, adulterated. john became seriously ill after eating the dip and sued kate for damages on the grounds that she breached an implied warranty of merchantability. is kate liable? why?
The inclusion of the criteria is considered "merchantable":i) They must adhere to the trade standards outlined in the contract for sale; (ii) They must be suitable for the intended use, even if the buyer ordered them for a different purpose;iii) Their quality must be consistent.
What is the merchantability implied warranty?
(1) If the seller is a merchant with respect to goods of that kind, a warranty that the goods shall be merchantable is implied in a contract for their sale unless excluded or modified (RCW 62A. 2-316).
Which of the distinguishes an implied warranty from an express warranty?
Express warranties are verbal or written promises made by a seller to a buyer that are specific. An implied warranty may take effect if guarantees are not communicated. Unwritten assurances that a product or service will perform as expected are known as implied warranties.
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a bank quotes an interest of 12% per annum with quarterly compounding. what is the equivalent rate with (a) continuous compounding (b) annual compounding?
continuous compounding is 6.354% and annual compounding is 12.55% at interest rate of 12%.
given data:
interest rate = 12%
investor received = $1,100
time period = 18 months
invested amount = $1,000
a) continuous compounding
PVe^Rn = FV
1000*e^R*1.5 = 1100
e^(r*1.5) = 1.1
R*1.5 = ln(1.1)
r = 6.354%
b) Annual compounding:
(1+r) = (1+0.12/4)^4-1
R = 12.55%
In addition to the principal, a lender will charge a borrower interest as compensation for using their assets. A deposit account's earnings from money are also subject to interest rates at banks and credit unions. Simple interest is typically used in mortgages. Compound interest, on the other hand, is used in some loans and is applied both to the principle and to the interest accrued over time. A lender will charge a lower interest rate for a borrower they deem to be low risk. The interest rate on a loan with a high perceived risk will be greater. The interest rate on savings accounts and certificates of deposit that is earned at a bank or credit union is known as the annual percentage yield, or APY. Compound interest is utilised by savings accounts and CDs.
the complete question is:
A bank quotes you an interest rate of 12% per annum with quarterly compounding. What is the equivalent rate with annual compounding? An investor receives $1,100 in 18 months in return for an investment of $1,000 now. Calculate the percentage return per annum with continuous compounding.
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Carlos, the HR director of a large paper manufacturing company, is studying the financial costs of turnover of plant personnel at all levels. The easily calculable costs are sobering, but Carlos is also concerned about the hidden costs of turnover that generally include _____
A) missed project deadlines
B) co-worker coaching and salaries
C) the cost of pre-employment medical tests
D) the overtime paid to employees covering the separated employees' jobs
Carlos, the HR director of a large paper manufacturing company, is studying the financial costs of turnover of plant personnel at all levels. The easily calculable costs include things like recruitment fees, advertising, and hiring bonuses. Here option B is the correct answer.
However, Carlos is also concerned about the hidden costs of turnover that generally include the cost of lost productivity, the cost of lower morale among remaining employees, the cost of training new employees, and the cost of decreased quality of products or services.
These hidden costs can be much more significant than easily calculable costs and can have a lasting impact on the company's bottom line. For example, the cost of lost productivity can result from the loss of experience and expertise of separated employees, and the cost of lower morale can result from increased workloads for remaining employees.
The cost of training new employees can also be significant, as it requires time and resources to bring new employees up to speed. Overall, it is important for companies to take into account both the easily calculable and hidden costs of turnover when making decisions about personnel management.
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Question 17 of 20
What is revision?
Answer:
Hope This Helps <3
Explanation:
Revision Means alteration and fixing things out of order making sure its understnadble and perfect with no spelling or grammar mistakes revision is also known as revising
If you are involved in a car accident where the victim suffers serious bodily injury you have been deemed to have committed a _________, and if found guilty, it is mandated that your minimum punishment shall be imprisonment of not less than _______ days and a mandatory minimum fine of $________________.
If you are involved in a car accident where the victim suffers serious bodily injury, you have been deemed to have committed a criminal offense, and if found guilty, it is mandated that your minimum punishment be imprisonment of not less than 90 days and a mandatory minimum fine of $1,000.
When a person is involved in a car accident where the victim suffers serious bodily injury, it is considered a criminal offense. This offense is called vehicular assault or vehicular homicide, depending on the severity of the injury or death. In most states, including the United States, it is mandatory for the offender to serve a minimum of 90 days in prison and pay a minimum fine of $1,000.
The punishment can vary depending on the circumstances of the accident, the offender's driving history, and the severity of the victim's injuries. It is important to always practice safe driving habits and follow traffic laws to prevent accidents and avoid these serious consequences.
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a compensating differential is: a. a difference in wages that offsets differences in working conditions. b. a wage premium for more talented workers. c. the difference in wages between india and the united states. d. a difference in the marginal product of labor.
A compensating differential is: a difference in wages that offsets differences in working conditions.
What does it mean if someone is compensating?
To pay someone money in exchange for something that has been lost or spoil or for some problem: Victims of the crash will be compensated for their wound. SMART Vocabulary: related words and phrases.
Does compensate mean pay?
To compensate someone for money or things that they have stray, means to pay them money or give them something to return those things.
Is compensating a bad thing?
Compensation can cover up either actual or imagined deficiencies and private or physical inferiority. Positive compensations may help 1 to overcome one's struggling. On the other hand, negative compensations don't, which results in a reinforced feeling of inferiority.
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me and my group members have to put on a act about (what happens if u don't pay enough attention to the task your doing in the workshop) so it's basically about what what would happen if you don't pay attention any suggestions on what we can say or do
In the act, you can start by showing that many students are attending the workshop and everyone is paying attention to it. When the task was assigned everyone was able to complete it but one student was not able to because he or she was not paying attention.
What is attention?Attention in psychology is the concentration of awareness on some phenomenon to the exclusion of other stimuli. A process of selectively concentrating on a discrete aspect of information, whether considered subjective or objective. William James wrote that "Attention is the taking possession by the mind, in clear and vivid form, of one out of what seem several simultaneously possible objects or trains of thought. Focalization, concentration, of consciousness are of its essence.
Attention has also been described as the allocation of limited cognitive processing resources.
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A reduction in government borrowing can:
Question 19 options:
a)
decrease the incentive to invest.
b)
increase the interest rate.
c)
crowd out private investment in human capital.
d)
give private investment an opportunity to expand.
If the state of Washington's government collects $75 billion in tax revenues in 2013 and total spending in the same year is $74.8 billion, the result will be a:
Question 20 options:
a)
budget deficit.
b)
budget surplus.
c)
decrease in payroll tax.
d)
decrease in proportional taxes.
A reduction in government borrowing can: giving private investment a chance to grow. The borrowing of the national government has the biggest effect, although borrowing by inferior units may also have an impact.
Only borrowing from the private sector of the economy—from people, businesses, and different financial institutions, including banks—is considered government borrowing in the strict sense. Since the purchasing power is created by the central bank and no obligations to the general public are created, when the government obtains its funds from the central bank (the Bank of England, the Bank of Italy, the Bank of Japan, or the Federal Reserve System in the United States), it is actually creating money rather than borrowing it. When a government borrows money, the lender transfers money to the borrower in exchange for government securities.
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changes in government spending and tax revenues for the purpose of achieving a full-employment and noninflationary level of domestic output is called:
Changes in government spending and tax revenues for the purpose of achieving a full-employment and noninflationary level of domestic output are called fiscal policy.
Fiscal policy is the federal government's use of spending and taxation to control the economy.
Fiscal policy is used by the government to influence economic activity by adjusting its revenue and expenditure flows. In a situation of monetary or fiscal crisis, the federal government may use fiscal policy to stabilize the economy.
During a recession, the government should increase government spending and reduce taxes. This is referred to as expansionary fiscal policy.
This stimulates spending and encourages people to invest, thereby raising GDP and stabilizing the economy.
When the economy is booming, the government should reduce government spending and raise taxes, which is referred to as contractionary fiscal policy. This will help to reduce inflation and prevent the economy from overheating.
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Refer to Scenario 14-2. Suppose the firm is currently producing and selling 150 units of output. Should the firm increase its output to 151 units
There is no need to increase its output to 151 units because the marginal cost exceeds the marginal revenue. So, correct option is D.
In this scenario, the firm's current level of production is 150 units, and its average total cost is $24.50. If the firm produces and sells one more unit of output, its average total cost increases to $24.55. To determine if the firm should increase its output, we need to compare the marginal revenue (MR) and marginal cost (MC).
Since the firm is selling its output for a constant price of $40 per unit, the marginal revenue for producing and selling one more unit is also $40. If the marginal cost of producing and selling one more unit is less than $40, then the firm should increase its output. However, if the marginal cost is greater than $40, then the firm should not increase its output.
We do not have information on the marginal cost, but we know that the average total cost increases from $24.50 to $24.55 when the firm produces and sells one more unit.
Therefore, we can assume that the marginal cost is higher than $24.50. As a result, the correct answer is (d) No, because the marginal cost exceeds the marginal revenue.
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Complete question is:
Scenario 14-2 The information below applies to a competitive firm that sells its output for $40 per unit.
When the firm produces and sells 150 units of output, its average total cost is $24.50.
When the firm produces and sells 151 units of output, its average total cost is $24.55.
Refer to Scenario 14-2.
Suppose the firm is currently producing and selling 150 units of output. Should the firm increase its output to 151 units?
a. No, because the average total cost exceeds the marginal revenue.
b. Yes, because the marginal revenue exceeds the average total cost
C. Yes, because the marginal revenue exceeds the marginal cost.
d. No, because the marginal cost exceeds the marginal revenue.
A company has average demand of 30 units per day. Lead time from the supplier averages seven days. Assume that the combined standard deviation of demand during lead time has been calculated and is equal to 20 units. One unit costs $10 and the inventory carrying cost is 25 percent. 1 standard deviation covers 84.13% 1.04 standard deviations covers 85% 1.28 standard deviations covers 90% 1.65 standard deviations covers 95% 1.96 standard deviations covers 97.5% 2 standard deviations covers 97.72% 2.33 standard deviations covers 99% 3 standard deviations covers 99.86% 6 standard deviations covers 99.99966% What is the reorder point for the company if it decides on a 99 percent service level?
Answer:
Re-order quantity = 256.6 or 257 units
Explanation:
We can calculate the reorder point for the company at 99% service level as follows
Solution
The Standard deviation of demand during lead time = sigma
Average daily demand = d
lead time = L
Standard deviation covered 99% = Z
DATA
Sigma =20 units
d= 30 units per day
L= 7 days
Z= 2.3
Calculation
Reorder quantity = (d x L) + (Z x sigma)
Reorder quantity = (30x7) + (2.33 x 20)
Reorder quantity = 210 + 46.6
Reorder quantity = 256.6 or 257 units
Maria deposits her paycheck each week in a checking account. She plans to buy a car in the next year, so she decides to start saving $100 each month to pay for it. She does not want to have to remember to make that deposit each month. What savings instruments could help Maria reach her goal? Check all that apply. Series I savings bonds Series EE savings bonds a regular savings account a 24-month certificate of deposit a money market account with a $100 minimum deposit
Answer:
a regular saving accounts
a money market account with a $100 minimum deposit
Explanation:
i got right
Maria deposits her paycheck each week in a checking account. She plans to buy a car in the next year, so she decides to start saving $100 each month to pay for it. She does not want to have to remember to make that deposit each month. Savings instruments could help Maria reach her goal are -
A regular savings account a 24-month certificate of depositA money market account with a $100 minimum depositWhat is deposit?Deposit is a sum of money paid into a bank or building society account.
What is a paycheck?Paycheck is a salary or wages cheque made out to an employee.
What are savings?Savings are income not spent, or deferred consumption.
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here is a riddle
What goes up but never comes down?
Answer:
your age?
Explanation:
simply you grow up but there is no way you can become smaller/kid or a baby again
Answer: your height
Explanation:
That’s why they call it “growing up”
Journal entry for paid telephone rent for the year by Cheque Rs. 500.
Answer:
telephone rent A/c. Dr. Rs.500
To bank A/c. Rs.500
(being telephone rent paid )
The journal entry of the payment of telephone expenses is that the telephone expenses account is debited to record the expense incurred. The bank account is credited to record the payment made by cheque.
Here is the journal entry for paid telephone rent for the year by Cheque:
The journal entry to record the payment of telephone expenses by cheque is as follows:
Date Account Titles and Explanation Debit Credit
--------------------------------------------------------------------------------
2023-07-18 Telephone expenses $500
Bank $500
(To record the payment of telephone expenses by cheque.)
The telephone expenses account is a nominal account, which means that it is used to record expenses. The bank account is a real account, which means that it is used to record assets. The debit and credit entries are equal in amount, which means that the accounting equation is balanced. The journal entry is dated July 18, 2023, which is the date on which the payment was made. The explanation for the entry provides a brief description of the transaction.
In summary, the journal entry records the payment of telephone expenses by cheque. The telephone expenses account is debited to record the expense incurred. The bank account is credited to record the payment made by cheque. The debit and credit entries are equal in amount, which means that the accounting equation is balanced.
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Question 9 of 10
Which of the following is a general example of a business?
A. Jordan uses a computer to research the Civil War for his history
project.
B. Frank prepares dinner for his family on weeknights.
C. Wanda tries to make a profit by selling homemade jam at the
farmer's market.
D. Laurel volunteers to babysit her niece on Saturday.
SUBMIT
The best example of a business is that Wanda tries to make a profit by selling homemade jam at the farmer's market.
What do you mean by Business?An entity is defined as an organization or entity that performs commercial, industrial, or professional activities. Businesses can be for-profit organizations or non-profit organizations.
Business types range from limited liability companies to sole ownership, companies, and partnerships.
Thus, Option C is the correct answer that Wanda tries to make a profit by selling homemade jam at the farmer's market.
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your insured advises you they wish to have liability coverage for the use of any auto. which symbol do you use for this blanket coverage?
"Any auto" is the first symbol. The automobile need not be reported, and the date of purchase does not matter. The liability claim is covered by symbol 1.
"Any auto" (owned, borrowed, rented, or hired) is covered by Symbol 1 for liability.
What is the 7 symbol?
"Symbol 7" coverage is the most frequently purchased type of business auto insurance. Symbol 7 coverage covers any listed or "scheduled" vehicles on your policy. It is similar to personal auto insurance.
Is physical damage included in symbol 1?
1 symbol: This is the broadest kind of coverage for physical damage, and it covers any car you use for business. 2nd symbol: refers to coverage for your personal passenger vehicles that you own and use for your business.
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Describe the economic and technological changes that led to the rise of globalization.
The economic and technological changes that allowed for the rise of globalization include:
Trade and investment Development of new technologies in transport How did economic and technological changes lead to globalization ?One of the main economic changes that led to the rise of globalization is the liberalization of trade and investment. Countries have increasingly removed trade barriers, such as tariffs and quotas, making it easier for goods, services, and capital to flow across borders. This has led to the growth of international trade, making it easier for companies to access new markets and consumers.
Another important change is the development of new technologies, particularly in transportation and communication. The advent of containerization in shipping and the growth of air travel have made it easier and cheaper to move goods and people around the world.
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A manufacturer of hats concentrates all its efforts on cost containment by offering the product in only one size but in a variety of colors, using a one-size-fits-all approach. This involves a ________ targeting strategy.
A manufacturer of hats concentrates all its efforts on cost containment by offering the product in only one size but in a variety of colors, using a one-size-fits-all approach. This involves mass marketing targeting strategy
What is mass marketing targeting strategy?Mass marketing strategy is a strategy for sales of product that sees all customers as one with a single preference.
It avoids market segmentation or target customer but product one commodity for sale.
Therefore, a manufacturer of hats concentrates all its efforts on cost containment by offering the product in only one size but in a variety of colors, using a one-size-fits-all approach. This involves mass marketing targeting strategy.
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The Off-Price Store Supply House LLC offers a
trade-discount rate which is 4 times its complement. The net
price is $19.99.
a. What is the list price?
b. What is the trade discount?
Answer: List price = $99.55
Trade Discount = 80%
Explanation:
Let the complement be represented by x
Trade discount will then be = 4x
Complement + Trade Discount = 100%
x + 4x = 100%
5x = 100%
x = 100%/5
x = 20%
Complement = 20%
Trade Discount = 4x = 4 × 20% = 80%
List price = Net price / Complement of trade discount.
= $19.99 / 20%
= $19.99 / 0.2
= $99.95
To determine the value of a rights offering, the stockholder needs to know the following two pieces of information in addition to the current stock price: A) subscription price and the number of rights needed to acquire a new share.
B) current market price per share and the number of rights needed to acquire a new share.
C) current market price per share and the standby fee.
D) detachment date and the subscription price.
E) the number of rights needed to acquire a new share and the number of shares currently owned.
Answer: the subscription price and the number of rights needed to acquire a new share.
In addition to the current stock price subscription price and the number of rights needed to acquire a new share. Existing shareholders can participate in a public company's rights offering at a fixed price known as a subscription price.
The word could also be used to describe the price at which a stock's warrant holders can exercise their rights. Along with debt offers, a company's may issue warrants at various points in time. a request for the general public to purchase fresh shares of a corporation. The amount that subscribers to the subscription price offering will initially pay per share of holding company conversion stock.
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