Answer:
actually I am very sorry I didn't learn this I don't take business
Explanation:
Sorry would there be anything else I can help u with
What is the first step in the succession management process?
The first step in the succession management process is to conduct a workforce analysis, which involves identifying key roles and positions within the organization that are critical to its success and determining the current and future workforce needs of the company.
This step also includes an assessment of the current talent within the organization, including an evaluation of the skills, knowledge, and experience of existing employees.
This information is then used to identify potential successors for key roles and to develop a plan for succession management. This step also includes identifying the gaps in the talent pool and developing a plan to fill those gaps.
Finally, the workforce analysis helps to identify any potential risks that may arise from key employee departures and to develop strategies to mitigate those risks.
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The following selected information is from Ellerby Company's comparative balance sheets.
At December 31 2017 2016
Furniture $157,500 $218,500
Accumulated depreciation-Furniture (97,200) (119,200)
The income statement reports depreciation expense for the year of $26,500. Also, furniture costing $61,000 was sold for its book value on December 31, 2017.
Complete the general ledger accounts to calculate the cash received from the sale of furniture.
FURNITURE
Beg. bal. End. bal 0 Accumulated Depreciation
Beg. bal. End. bal 0 Cost Accumulated Depreciation Book value (Cash received) $ 0
The cash received from the sale of furniture is $61,000.
Since the furniture was sold for its book value, we know that the book value of the furniture sold is equal to its cost minus accumulated depreciation. The cost of the furniture sold is not given, but we can calculate it as follows:
Cost of furniture sold = Book value of furniture sold + Accumulated depreciation on furniture sold
= $61,000 + $0 (since the furniture was sold for its book value)
= $61,000
To calculate the accumulated depreciation at the end of the year, we need to add the depreciation expense for the year to the beginning balance of accumulated depreciation and subtract the accumulated depreciation on the furniture sold:
Accumulated Depreciation (end of year) = Accumulated Depreciation (beginning of year) + Depreciation Expense - Accumulated Depreciation on furniture sold
= $119,200 + $26,500 - $0
= $145,700
Finally, we can calculate the book value (and cash received) by subtracting the accumulated depreciation at the end of the year from the cost of the furniture:
Book value (and cash received) = Cost of furniture - Accumulated Depreciation (end of year)
= $157,500 - $145,700
= $11,800
Therefore, the cash received from the sale of furniture is $61,000.
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in one paragraph highlight the characteristics of an entrepreneur
Answer:
Im not going to type a whole paragraph but ill give you some ideas.
Explanation:
An entrepreneur is someone who does many things like owning a buisness or having many hobbies .
Entrepreneurship starts with an idea. To be successful, you need to always be thinking of new ideas and better ways of doing things.
Entrepreneurs are not satisfied with the status quo. They think outside the box and look for opportunities to come up with new solutions.
Perhaps the most important characteristic for entrepreneurs, passion is essential to any business owner or working professional's success. Without passion, there is no reason for your work and no drive to do it.
Entrepreneurs love what they do and are extremely dedicated to the businesses they create. To be successful, you must be confident in yourself and your business, and you must be proactive with what you do and how you do it
Because of their passion for their ideas, entrepreneurs are willing to put in the long hours and hard work required to launch and run a successful new business. Are you self-motivated? Entrepreneurs are their own boss, which means there's no one telling them to do things. You must be in charge of your own time and how you spend it.
Entrepreneurs always look on the bright side and are constant dreamers. They look at how they can do things better and make the world a better place. They never dwell on the past or the negative. Instead, they focus on moving forward and moving up.
When they're confronted with challenges, entrepreneurs don't see them as problems; they see them as opportunities. Challenges fuel entrepreneurs and make them reach higher and do more.
Because entrepreneurs are focused on moving forward, they are always looking toward the future. Entrepreneurs are very goal-oriented and know exactly what they want. They set their goals and everything they do is aimed at achieving those goals.
Having a strong vision helps propel you toward accomplishment. Consider setting a goal for yourself - a north star that can guide you on your path to success.
To be successful in business, you have to know business. If you're a people person and know how to get people to listen to you, you could be a successful entrepreneur.
Especially when first starting out, entrepreneurs need to gain buy-in from those around them on their big idea. If it's an out-of-the-box idea, which it usually is, many people will be skeptical before giving their support or investing any money. That's why entrepreneurs need to use their persuasiveness to sell themselves and their ideas.
Entrepreneurs know how to adapt to unfamiliar situations. If their business requires that they learn how to build a website or send an invoice, they'll do it. Whatever it takes, entrepreneurs are ready and willing. They always approach things with an open mind and are willing to change course if they need to.
Entrepreneurs do not shy away from challenges or conflicts. Instead, they face them head on and come up with a solution. They know how to solve problems effectively.
Entrepreneurs also know how to make the most of what they have. Time, money and effort are never used haphazardly. Everything has a plan and a purpose.
Entrepreneurs know that to be successful, they must be willing to take risks. While they don't mind walking on the wild side, they don't take risks lightly. They know how to plan for the unknown and make a calculated decision that is best for them and their business.
There is no room for procrastination in business. Entrepreneurs know what needs to be done and don't hesitate to make the decisions that will lead them to success. They don't let opportunities pass them by; instead, they seize the day and get the job done.
I hope it helps
If it's too long you can edit it to your choice
If you use a student loan to pay for college and drop out, the student loan:
a) disappears because you did not finish college
b) become proportional to how long you stayed in school
c) doubles
d) stays the same. you have to pay the loan whether or not you finish school
option D, "stays the same. you have to pay the loan whether or not you finish school" is the correct answer.
Why is it?
You use a student loan to pay for college and drop out, you are still responsible for repaying the loan regardless of whether or not you finished school.
The loan does not disappear, nor does it become proportional to how long you stayed in school or double. When you take out a student loan, you sign a loan agreement with the lender that specifies the terms of the loan, including the repayment terms.
Dropping out of college does not change the terms of the agreement, and you are still obligated to repay the full amount of the loan, plus any accrued interest.
Therefore, it is important to consider the financial implications of taking out a student loan and to have a plan for repayment, even if you do not complete your degree.
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why adding payment options in the stands can increase a fan’s satisfaction at a sports
event?
The results of a partial least squares structural equation modeling analysis imply that aspects of the stadium, club management, and the fan-based support for the club are the most important determinants of fan satisfaction.
- BRAINLIEST answerer
Answer: The costumer would find it better and easier, which means sport event will make more profit because the fans are satisfied.
Hope this helped!
To be more efficient in formatting tasks, it is important to follow best practices when designing type. Which scenarios
show the applications of best practices when designing type? Check all that apply.
Joe uses an 8-point font.
Angelo uses one type of font in his document.
Jeremiah underlines words for emphasis.
Akilah indents and adds space between her paragraphs.i
Amy uses the hyphenation feature in her justified paragraphs.
Answer:
2 and 5
Explanation:
Scenarios that show the applications of best practices when designing type is
Angelo uses one type of font in his document.Amy uses the hyphenation feature in her justified paragraphs.Thus the correct option is B and E.
What is formatting?Document formatting describes the way a document is set up. It involves requirements on how a document should look. Formatting makes documentation appear professional and appealing.
While making any document it is required to choose one type of font which makes it a structured and systematic manner. various styles of font may distract the focus of the reader while taking look at the document.
Use of the hyphenation feature in her justified paragraphs to make it more clear and more structured to achieve a more uniform line length, Word's hyphenation feature enables the insertion of line breaks and hyphens within words.
Therefore, options B and E are the appropriate answer.
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A neighbor’s kid comes into your backyard and jumps on the trampoline without your permission or knowledge. He falls off and lands on his head, resulting in a week’s hospital stay.
The first step should making sure such child receives proper medical attention. When he is well, we can have a conversation with the neighbor to prevent it from happening again..
What should be done in the event?It is very important to prioritize the child's health in this situation and once the medical attention has been sought, we can have a calm and respectful conversation with the child's parent to discuss the incident for future interactions.
One can also review any legal liabilities or insurance policies that could be involved. So, by taking proactive steps to prevent similar incidents in the future can help maintain positive relationships with neighbors while ensuring everyone's safety.
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For most companies, all except ____ are some of the most popular objectives in regard to a social media plan.
For most corporations, all except are some of the most famous objectives regarding a social media plan growing profitability.
What is the number one reason a business uses social media?Social networking permits you to reach a wide audience. Consumers are increasingly reliant on technology and social media. By hopping into the social networking game, you keep your corporation current. Your business's online profiles are likely to get people who otherwise wouldn't know about your firm.
Social media is online contact that allows you to interact with your customers and share data in real time.
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why cant i work when im 13?
Answer:
Because you're not "old enough" to work, it's like you're still seen as a kid but its different for other countries and states.
Explanation:
DUE TO UNFORTUNATE REASONS YOU CAN NOT bcuz of an age limit. Lifes cruel young blood. The world doesnt want you to advance in life, to strive and prosper. keep living homie :(
if i signed the contract for a new car, but never took possession of the car, can i cancel the deal?
Yes. Only after the bank has funded the deal can you no longer change your mind. The car is not legally yours if you haven't taken "delivery" of it.
Can you cancel a car purchase after you've signed?You may be aware of the federal right of withdrawal that applies to some purchases. There is such a regulation, but its primary goal is to protect consumers against pushy door-to-door sales tactics. Vehicles are expressly excluded from its application. In other words, as soon as you signed the sales contract, you officially own the automobile.
How do you cancel a car purchase?The accord can yet be rejected. You must return the car to the dealer to finish the purchase, and they should then return your trade-in and down payment. Regarding how this should take place, each state has its own legislation.
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bailey manufacturing co.'s static budget at 15,000 units of production includes $63,000 for direct labor and $6,300 for electric power (which is considered variable and not mixed). total fixed costs are $21,000. at 17,000 units of production, a flexible budget would showa. variable costs of $78,540 and $21,000 of fixed costs.b. variable costs of $78,540 and $34,000 of fixed costs.c. variable costs of $69,300 and $21,000 of fixed costs.d. variable and fixed costs totaling $112,540.
The option B, which states that the flexible budget at 17,000 units of production would show variable costs of $78,540 and $34,000 of fixed costs.
To calculate the flexible budget at 17,000 units of production, we need to first determine the variable cost per unit. From the information given in the question, we know that the static budget at 15,000 units of production includes $63,000 for direct labor. Therefore, the variable cost per unit is $63,000/15,000 = $4.20.
To calculate the total variable costs at 17,000 units of production, we multiply the variable cost per unit by the number of units produced: $4.20 x 17,000 = $71,400.
However, we also know that electric power is considered a variable cost and not mixed, which means that the total variable costs at 17,000 units of production would be $71,400 + $6,300 = $78,700.
1. Identify the variable costs at the static budget level: Direct labor ($63,000) and electric power ($6,300) are variable costs, totaling $69,300 at 15,000 units.
2. Calculate the variable cost per unit: Divide the total variable costs ($69,300) by the static budget production level (15,000 units): $69,300 / 15,000 = $4.62 per unit.
3. Calculate the variable costs at the flexible budget level: Multiply the variable cost per unit ($4.62) by the flexible budget production level (17,000 units): $4.62 * 17,000 = $78,540.
4. Identify the fixed costs: Total fixed costs are given as $21,000.
5. Combine variable and fixed costs for the flexible budget: Variable costs of $78,540 and fixed costs of $21,000 would be shown in the flexible budget.
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easy career question above
Other debt should be included such as car loans, student loans and credit cards when considering BOTH the 20% and the 10% in the 20-10 rule.
The 10/20 rule is a budgeting method that can be used by just about anyone, even if it's only a general guideline rather than a binding decree
What's the 10 20 rule in finance?The 10/20 rule is a budgeting method that can be used by just about anyone, even if it's only a general guideline rather than a binding decree. The goal is to keep your overall debt to no more than 20% of your annual income and your monthly payments to no more than 10% of your net monthly income. According to the 20/10 rule, your monthly and annual consumer debt payments should each not exceed 10% of your monthly and annual take-home pay. This guideline might help you determine how much you should be spending on debt repayments and set a ceiling on how much new debt you will accept.To learn more about 10 20 rule refer to:
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Poner algunos ejemplos en los que las em¬presas sustituyan un factor productivo por otro en función de los cambios en los pre¬cios de los factores. ¿Se puede sustituir siempre un factor por otro?
Answer:
Un factor variable puede sustituirse por otro.
Un uso más generoso de un factor variable permitirá producir una cantidad constante de producción con menos unidades de algunos o todos los demás.
Esto indica que la mano de obra puede ser considerada literalmente tan buena como el oro y podría ser sustituida por ella. Si no fuera por la sustitución de factores, no habría lugar para más decisiones después de que se hubiera establecido y, el número de cadenas a producir.
Sí, se puede hacer una sustitución
Un ejemplo es cuando las empresas intensivas en energía sustituyen el uso decreciente de energía y capital por un aumento del precio de la energía del 1% con una mayor entrada de material y, en menor medida, mano de obra.
Además, algunas empresas han sustituido fácilmente la energía por otros factores de producción, lo que les ha permitido mitigar en mayor medida los efectos de la subida de los precios de la energía.
prepayments are: (select all that apply.) multiple select question. transactions in which cash flow precedes revenue recognition. transactions in which cash flow follows expense recognition. transactions in which cash flow follows revenue recognition. transactions in which cash flow precedes expense recognition.
The prepayments are transactions in which cash flow precedes revenue recognition and transactions in which cash flow precedes expense recognition.
Prepayments are payments made by a business for services or goods that are received or used at a later date. Prepaid expenses are a common type of prepayment that occurs when an entity pays for something in advance of receiving it. Examples of prepayments may include: Rent paid in advance. Supplies that have been purchased but have yet to be used. Advertising fees paid in advance.
Insurance premiums paid in advance. So, transactions in which cash flow precedes revenue recognition and transactions in which cash flow precedes expense recognition are the prepayments. Therefore, the correct options are: Transactions in which cash flow precedes revenue recognition. Transactions in which cash flow precedes expense recognition.
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application of nuclear energy
Answer:
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Applications of nuclear energy
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Background: Nuclear energy can be used for various industrial applications, such as seawater desalination, hydrogen production, district heating or cooling, the extraction of tertiary oil resources and process heat applications such as cogeneration, coal to liquids conversion and assistance in the synthesis of chemical.
the market return is 10% and the risk free rate is 3%. rascals inc. has a market beta of 1.0, a smb beta of −.60, and a hml beta of −0.85. the risk premium on hml and smb are both 2%. if the single factor model generates a regression coefficient of 1.3, using the fama-french three factor model, what is the different in returns between the three-factor model and the single factor model expected returns on rascal inc. stock?
The correct option is (a) 5.0% is the difference in returns between the Three-Factor model and the single-factor model expected returns on Rascal Inc. stock
A straightforward asset pricing model called the single-index model (SIM) can be used to calculate a stock's risk and return. William Sharpe created the model in 1963, and it is widely used in the finance sector.
As per Single Index Model,
E(R1-Factor) = Rf + β (Rm - Rf)
= 3% + (1.3) (10% - 3%)
= 3% + 9.1%
= 12.1%
As per Fama French Three Factor Model,
E(R3-Factor) = Rf + β1 (Rm - Rf) + β2 (SMB) + β3 (HML)
= 3% + (1.0) (10% - 3%) + (-0.60) (2%) + (-0.85) (2%)
= 3% + 7% - 1.2% - 3.4%
= 7.1%
Difference = E(R1-Factor) - E(R3-Factor)
= 12.1% - 7.1%
= 5.0%
Hence, the correct option is (a) 5.0%
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The full question is:
The market return is 10% and the risk-free rate is 3%. Rascals Inc. has a market beta of 1.0, an SMB beta of −.60, and an HML beta of −0.85. The risk premium on HML and SMB are both 2%. If the single-factor model generates a regression coefficient of 1.3, using the Fama- French Three Factor Model, what is the difference in returns between the Three-Factor model and the single-factor model expected returns on Rascal Inc. stock?
A) 5.0%
B) 2.8%
C) 5.2%
D) 6.3%
Doctor’s Office
Records are kept about Patients. Details include the name, address, contact details, insurance information, and visit records. Patients can be registered before actually coming for a visit. Details about prescribed treatments are recorded, including the date prescribed, the doctor involved, which appointment, and any additional notes. Diagnosis can include... An appointment does not necessarily result in any treatments.
Part 1: Identify the Data Requirements (10 points)
What data needs to be stored?
What entities (tables) will you include?
What information about each entity will be included?
What are the unique identifiers for each entity?
What will be the relationships between those entities?
Part 2: Create the ERD Diagram (For this assignment, you will use Lucidchart to create an E-R diagram based on the given scenario)
Create an ERD diagram to model the system for Happy Pet Veterinary Clinic. For this diagram, you will use the information in Part 1. Remember, here we are only focused on what data will be stored in the database and not the whole system to be designed. This diagram must include: (1) entities, (2) attributes for the entities, (3) relationships between the entities, and (4) identified primary and foreign keys.
Part 1: Identify the Data Requirements:
The data that needs to be stored includes: patient information (name, address, contact details, insurance information), visit records, details about prescribed treatments (date prescribed, the doctor involved, which appointment, and any additional notes), and diagnosis.
Entities (Tables):
The entities that will be included are Patients, Visits, and Treatments.
Information about each entity:
Patients: name, address, contact details, and insurance information.
Visits: visit records and diagnosis.
Treatments: prescribed treatments, date prescribed, doctor involved, appointment, and additional notes.
Unique identifiers for each entity:
Patients: Patient ID (primary key).Visits: Visit ID (primary key).
Treatments: Treatment ID (primary key).
Relationships between entities: Each patient can have many visits, but a visit can only be assigned to one patient.
Each visit can have multiple treatments, and treatment can be assigned to multiple visits.
Part 2:
ERD Diagram:
In the ERD diagram, the entities are represented by boxes, attributes for each entity are represented by ovals, relationships between entities are represented by diamonds and primary and foreign keys are represented by underlined attributes. Please see the attached image for the ERD diagram.
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Which level of government are Planning workers most likely to work for?
A) state
B) federal
C) local
D) international
The level of government is Planning workers most likely to work for local. Thus, the correct option is (C).
A single sovereign state's lowest levels of public administration are collectively referred to as "local government" in the United States.
When the word "government" is used in this context, it explicitly alludes to a level of bureaucracy that is geographically confined and has a set of responsibilities.
A variety of essential services for residents and companies in certain areas are handled by the local government.
Therefore, the correct option is "C".
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nal Accounts Section Sales Cost of sales Rent income Interest on fixed deposit Directors' fees Salaries and wages Bad debts Audit fees Bank (ts) Advertising Consumable stores A. Sundry expenses Ordinary share dividends ADJUSTMENTS AND ADDITIONAL INFORMATION: 750 000 15 450 000 1 230 000 1315 150 24 000 147 600 975 000 80 800 560 000 368 20 Selling prices are determined by using a mark-up of 40% on cost Note: Trade discounts of R130 000 were allowed to special customers the financial year. in me paffo Sales. How are sales calculated
The overall sales for the fiscal year are 21,500,000, according to the information provided.
What is the fiscal year?A fiscal year is a 12-month period used by businesses and governments for financial reporting and budgeting purposes. It does not necessarily coincide with the calendar year and can start on any date. The fiscal year is used to report financial results and tax obligations to the government, and it is important to follow it accurately to ensure that all financial reporting is consistent and accurate.
Based on the information provided, the total sales can be calculated as follows:
The total cost of sales = 15,450,000
Markup on cost = 40%
Total markup = 40% of 15,450,000
= 6,180,000
The total cost of goods sold (COGS) = Total cost of sales + Total markup
= 15,450,000 + 6,180,000
= 21,630,000
To calculate the total sales, we need to subtract any discounts given to customers from the COGS:
Total sales = Total cost of goods sold - Trade discounts
= 21,630,000 - 130,000
= 21,500,000
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true or false: price discrimination often occurs between different countries because it makes economic sense for a company to charge different prices.
True, price discrimination often occurs between different countries because it makes economic sense for a company to charge different prices.
Price discrimination refers to the practice of charging different prices for the same product or service to different customers or in different markets. This strategy is commonly employed by companies as a way to maximize profits and capture consumer surplus.
Price discrimination between different countries can be economically advantageous for companies due to variations in purchasing power, market conditions, and consumer preferences. Companies can adjust their prices based on factors such as income levels, competition, local market demand, and price sensitivity in each country. By doing so, they can optimize their revenue and profitability.
Price discrimination can also account for cost differences across countries, including factors like production costs, transportation costs, taxes, and tariffs. Companies may set prices higher in countries with higher costs and lower prices in countries with lower costs to maintain profitability.
In summary, price discrimination often occurs between different countries because it allows companies to adapt to varying market conditions, consumer preferences, and cost structures. By charging different prices in different countries, companies can maximize their profits and cater to the specific characteristics and dynamics of each market.
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what best defines form
Answer:
the shape and structure of something as distinguished from its material the building's massive form.
What problems were associated with the Free Banking Era (1837-1863), dominated by state-chartered banks?
During the Free Banking Era (1837-1863), state-chartered banks were allowed to issue their own currency without federal regulation.
This resulted in several problems including an overproduction of banknotes leading to inflation, the failure of many banks due to inadequate reserves and risky lending practices, and the inability to enforce uniform banking laws across states.
Additionally, the lack of a central bank during this time period meant that there was no lender of last resort to provide liquidity during financial crises, leading to widespread bank runs and economic instability.
Another issue was the lack of accountability and transparency in the banking industry, as state-chartered banks were not required to report their financial information to a central authority. This made it difficult for investors and depositors to assess the financial health of individual banks.
Overall, the Free Banking Era was marked by economic volatility and uncertainty, highlighting the need for a more stable and regulated banking system.
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for illustration purposes, utility can be measured in terms of imaginary units called
"utils". The concept of utils is used in economics to measure the amount of satisfaction or happiness that a consumer derives from consuming a particular good or service.
While utils are not a tangible unit of measurement, they are a useful tool for economists to understand and quantify consumer preferences. By measuring the amount of utils that a consumer derives from a particular good or service, economists can analyze the trade-offs that consumers make when allocating their limited resources, such as time and money. This information can be used to develop more effective marketing strategies and to make better policy decisions that affect consumer behavior.
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3. Effects of a government budget deficit
Consider a hypothetical open economy. The following table presents data on the relationship between various real interest rates and national saving,
domestic investment, and net capital outflow in this economy, where the currency is the U. S. Dollar. Assume that the economy is currently experiencing a balanced government budget.
The relationship between net capital outflow and net exports implies that the economy is experiencing a trade deficit.
What is a trade deficit?A trade deficit simply means a situation when the value of the import is more than the value of the export in the country.
In this case, the relationship between net capital outflow and net exports implies that the economy is experiencing a trade deficit.
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Most advertising spending is directed to _____.
Answer:
the internet
Explanation:
What are the issues and challenges with Circuit City 2018 latest
e-commerce initiative?
As of my knowledge cutoff in September 2021, Circuit City, a once-prominent electronics retailer, experienced financial difficulties and declared bankruptcy in 2008.
There have been no recent developments or initiatives in 2018 or afterward regarding Circuit City's e-commerce initiatives. It's worth noting that my information may not be up to date, and I recommend referring to recent news sources or the official Circuit City website for the latest updates on their e-commerce initiatives and any associated issues or challenges. E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the internet. It has revolutionized the way businesses operate and how consumers shop. E-commerce offers numerous benefits, including convenience, a wide selection of products, competitive pricing, and the ability to reach a global customer base.
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Discuss the role of the father in attachment theory
Explanation:
Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.
Activity 4
எப்பMdwood
Erik wants to calculate the break-even point for the number of jobs needed for the new
transport service. He has given you the following figures for the first month of operation.
Fixed costs
£60.00
Variable costs for each job £3.50
Selling price for each job £18.50
The formula used to calculate the break-even point for each job is
Break-even point =
Fixed costs
(Selling price - variable cost)
(a) Using the figures given, calculate the break-even point.
(2)
Show your workings.
Answer:
=4 jobs
Explanation:
As per contribution margin theory,
the formula for calculating the break-even point is as below
Break-even point = fixed cost/ contribution margin per unit
for this transport service
Fixed costs £60
contribution margin per unit = selling price - variable expenses
= £18.50 - £3.50
=£15
Break-even points =£60/£15
=4 jobs
An income statement is referred to as a single-step income statement because ______. Multiple choice question. the format separates total revenues from expenses and reports a single measure of income it reports only one accounting period of activity it is the first statement prepared of the 4 financial statements the assets are reported separately from liabilities and reports a single measure of stockholders' equity
It should be noted that An income statement is referred to as a single-step income statement because the format separates total revenues from expenses and reports a single measure of income.
What is an income statement?An income statement can be regarded as financial statement which helps to display company's income and expenditures.
Therefore, an income statement is An income statement is referred to as a single-step income statement.
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