Question 3 5 pts Leo Ink is a company that produces stationery items. In order to remedy the current low-profit situation, the company plans to hire personnel and form a brand-new marketing team. The labor market proves to have a shortage of qualified marketing personnel. In this situation, which of the following strategies could Leo Ink follow to make profits? a. Increase the salary offered to hire the needed marketing personnel b. Increase its scale of production instead of hiring people c. Branch into the production of other itens d. Continue in the present state
Answers
To determine the best strategy, Leo Ink should conduct a thorough analysis of market trends, competitor strategies, and internal capabilities. By evaluating the potential impact, feasibility, and risks associated with each option, the company can make an informed decision that aligns with its goals and maximizes profitability.
In the given situation, Leo Ink can consider the following strategies to improve its profitability:
a. Increase the salary offered to hire the needed marketing personnel: By offering a higher salary, Leo Ink can attract qualified marketing personnel who can help devise effective marketing strategies to boost sales and profitability. Investing in a skilled marketing team can lead to increased brand visibility, customer engagement, and ultimately higher profits.
b. Increase its scale of production instead of hiring people: Leo Ink can focus on increasing its production capacity to meet the demand for stationery items. By optimizing production processes, streamlining operations, and leveraging economies of scale, the company can reduce costs per unit and potentially increase profits without relying solely on hiring additional personnel.
c. Branch into the production of other items: Leo Ink can explore diversification by expanding its product portfolio to include complementary items, such as office supplies or art materials. By leveraging their existing infrastructure and expertise, the company can tap into new markets and revenue streams, potentially increasing overall profitability.
d. Continue in the present state: This option may not be the most effective approach as it does not address the current low-profit situation. Maintaining the status quo may lead to stagnant growth and further decline in profitability.
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Related Questions
True/False : After several years of study as a part-time student, Alex recently earned a degree in marketing at a local college. The growth in global markets may increase Alex's job opportunities, but it will also require him to continually update his skills or seek further education.
Answers
TRUE.
Modern requirements in a global context impacted by technology disruption are not unrelated to modernizing marketing skills. If you want to remain relevant in the marketing industry, it's imperative to keep up with advancements in areas like digital marketing.
What exactly does marketing mean?For the purpose of generating, conveying, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large, marketing refers to a variety of activities, institutions, and procedures.
What forms the foundation of marketing?Developing, pricing, distributing, and promoting items and services to meet the demands of your clients is what marketing is all about planning and doing. The basic objective of marketing is to provide value to clients in order to draw in new ones and retain existing ones.
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what is the difference between listening and interpretation
Answers
Answer:
listening is the act of perceiving sound. It is involuntary and simply refers to the reception of aural stimuli. Listening is a selective activity which involves the reception and the interpretation of aural stimuli. Making sense of what you are listening.
What are the advantages of operating a business in an ethical manner?
Select all that apply.
The business can build customer loyalty.
The business can profit from reduced safety regulations.
The business can attract and retain talented employees.
The business can avoid legal issues.
Answers
On October 1, 2022, Bramble Company issued an $841000,12%,9-month interest-bearing note. If the Bramble Company is preparing financiai statements at December 31, 2022, the adjusting entry for accrued interest will include a: a) debit to Interest Expense of $25230 b) credit to Notes Payable of $25230. c) credit to Interest Payable of $50460. d) debit to Interest Expense of $37845.
Answers
On October 1, 2022, Bramble Company issued an $841000,12%,9-month interest-bearing note. If the Bramble Company is preparing financial statements at December 31, 2022, the adjusting entry for accrued interest will include a debit to Interest Expense of $25230.
Adjusting entries are journal entries made at the end of an accounting period to adjust income and expense accounts to account for transactions that have not been recorded in the accounts. The adjusting entry for accrued interest will be made to recognize the interest expense incurred for the three months between October 1 and December 31, 2022, because the interest-bearing note has a nine-month maturity date. Here, the annual interest rate is 12%, which means the interest rate per month is 1% (12%/12 months).
Therefore, the interest accrued for three months can be calculated as follows:Interest expense = $841,000 × 12% × 3/12= $30,120This amount will be the company's accrued interest as of December 31, 2022. Since the entry requires a debit to the Interest Expense account, the answer is option a) debit to Interest Expense of $25230.
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Assume the economy is operating at P1Y2.
Which of the following would cause a shift to bring the economy to P3Yf?
Real wages fall.
Productivity increases.
Personal income taxes increase.
Transfer payments decrease.
A major hurricane hits the southeastern United States.
Answers
The decrease in aggregate demand would also reduce productivity and lead to a decrease in output and employment.
What is employment?Employment is an agreement between two parties, usually based on a contract, where work is exchanged for compensation, such as wages, salary, or commission. Employment is typically for a fixed period of time, and the employer usually has the right to dismiss an employee for a legitimate reason. Employment typically involves an exchange of services, knowledge, skills and experience for remuneration. Employment can be either full-time, part-time, or casual, depending on the type of job and the agreement between the employer and the employee.
A major hurricane hitting the southeastern United States would cause a shift to bring the economy to P3Yf as it would reduce aggregate demand in the affected areas, resulting in a decrease in consumption and investment spending. This would lead to a contraction in output and employment, resulting in a decrease in real wages, a decrease in transfer payments, and an increase in personal income taxes.
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If $535 is invested at an interest rate of 6% per year and is compounded continuously, how much will the investment be worth in 10 years? use the continuous compound interest formula: a = pert $1,307. 12 $974. 83 $973. 38 $403. 43.
Answers
The investment will be $974.83 over 10 years. Compound interest can be defined as interest accruing on a specified amount or investment after a specified period of time.
The formula that breaks down the value of an investment when compounded continuously is:
A = Per^rt
P = Capital = $535
R = interest rate = 10D
44 T = time in years = 10 years
First, convert R as a percentage to r as a decimal number.
r = R/100
r = 6/100
r = 0.06 rate/year,
Then solve the equation for A
A = Per^rt
A = 535(2.71828)^(0.06 x 10)
A = $974.83
So after 10 years the investment will be $974.83.
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The investment will be $974.83 over 10 years. Investments are defined as assets bought or invested in with the goal of increasing wealth and setting aside funds from salary or capital gains.
What is compound interest?Savings interest that is computed on both the initial principal and the total interest accrued over time is called compound interest.
Italy in the 17th century is thought to be the birthplace of "interest on interest" or compound interest. Simple interest, which is calculated just on the principle amount, will not cause a sum to grow as quickly.
Money multiplies more quickly thanks to compounding, and the more times it is multiplied, the more compound interest there will be.
solution:
The formula that breaks down the value of an investment when compounded continuously is:
A = Per^rt
P = Capital = $535
R = interest rate = 10D
44 T = time in years = 10 years
First, convert R as a percentage to r as a decimal number.
r = R/100
r = 6/100
r = 0.06 rate/year,
Then solve the equation for A
A = Per^rt
A = 535(2.71828)^(0.06 x 10)
A = $974.83
So after 10 years the investment will be $974.83.
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Which dot plot shows three TV's in two houses? A dot plot titled How many T V's Are in Your House going from 0 to 4. 0 has 1 dot, 1 has 2 dots, 2 has 3 dots, 3 has 2 dots, and 4 has 1 dot. A dot plot titled How many T V's Are in Your House going from 0 to 4. 0 and 1 dot, 1 has 2 dots, 2 has 2 dots, 3 has 3 dots, and 4 has 1 dot. A dot plot titled How many T V's Are in Your House going from 0 to 4. 0 has 0 dots, 1 has 3 dots, 2 has 2 dots, 3 has 3 dots, and 4 has 1 dot. A dot plot titled How many T V's Are in Your House going from 0 to 4. 0 has 1 dot, 1 has 2 dots, 2 has 4 dots, 3 has 3 dots, and 4 has 1 dot.
Answers
Answer:
The answer is "The first choice".
Explanation:
Please find the graph file of the given question:
In the given question the first choice is correct because in the graph it has 3 dots, which denotes the (tv's) in 2 that is equal to the two houses.
Answer:
The answer is A.)
Explanation:
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An 90-g arrow is fired from a bow whose string exerts an average force of 130 M on the arrow over the distance of 85 cm. What is the speed of the arrow as it leave the bow?
Answers
The speed of the arrow as it leave the bow is 50m/s.
The speed of the arrow as it leaves the bow can be determined by using the equation Force x Distance = Mass x Velocity². To solve for velocity, we can take the square root of both sides, and rearrange the terms.
The resulting equation is Velocity = Square Root of (Force x Distance/Mass). Plugging in the given values, we get Velocity = Square Root of (130 N x 0.85 m/ 0.09 kg), which equals approximately 50 m/s.
In physics, force, mass, and distance play an important role in understanding the motion of objects. Force is a push or pull, and is measured in Newtons (N). Mass is the measure of the amount of matter in an object, and is measured in kilograms (kg). Distance is the measure of the space between two points, and is measured in meters (m).
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The major features of the U.S. free enterprise system include:
A. restrictions on the types of available consumer goods.
B. economic decisions made mainly to promote fairness.
C. limited competition between a small number of companies.
D. limits on the government's role in the economy.
ASAP !!!
Answers
Answer:
D. limits on the government's role in the economy.
Explanation:
Free market enterprise refers to the economic model where demand and supply forces determine the products and services in the market and their prices. In this model, sellers have the freedom to select what business they want to start. Buyers have the option of picking their preferred products or services from many competing suppliers.
In a free market enterprise like the USA economy, the government's role is limited to regulation. The government may get involved in the provision of essential services and public goods. To a large extent, the free market economy is in the profit-motivated, private sector.
Answer: D. Limits on the governments role in the economy
Explanation: I just took the test on a pe x
inventory at the beginning of the year cost $13,300. during the year, the company purchased (on account) inventory costing $83,500. inventory that had cost $79,500 was sold on account for $94,600. at the end of the year, inventory was counted and its cost was determined to be $17,300.a) Calculate the cost of goods sold.b) What was the dollar amount of Gross Profit?c) Prepare journal entries to record these transactions, assuming a perpetual inventory system is used.
Answers
a) Calculation of the cost of goods sold:
In order to calculate the cost of goods sold, we will use the following formula:
Beginning inventory + Inventory purchased - Ending inventory = Cost of goods sold
The given values are:
Beginning inventory = $13,300
Inventory purchased = $83,500
Inventory sold = $79,500
Inventory remaining = $17,300
Now let's plug in these values into the formula:
Cost of goods sold = $13,300 + $83,500 - $17,300
= $79,500
Therefore, the cost of goods sold is $79,500.
b) Calculation of Gross Profit:
To calculate the Gross Profit, we will use the following formula:
Revenue - Cost of goods sold = Gross Profit
The given values are:
Inventory sold = $79,500
Revenue from sales = $94,600
Now let's plug in these values into the formula:
Gross Profit = $94,600 - $79,500
= $15,100
Therefore, the Gross Profit is $15,100.
c) Journal entries to record these transactions:
Given that a perpetual inventory system is used, we need to make journal entries for every transaction. Journal entries for the given transactions are as follows:
To record the purchase of inventory on account:
Inventory A/c ……Dr 83,500
Accounts Payable A/c ……Cr 83,500
(Being purchase of inventory made on account)
To record the sale of inventory on account:
Accounts Receivable A/c ……Dr 94,600
Sales A/c ……Cr 94,600
(Being the sale of inventory made on account)
To record the cost of goods sold:
Cost of goods sold A/c ……Dr 79,500
Inventory A/c ……Cr 79,500
(Being the cost of goods sold during the year)
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Oligopoly is a market structure that is characterized by a ________ number of ________ firms that produce ________ products.
Answers
Answer: small, interdependent; identical or differentiated
Explanation:
This is from Economics 202.
Describe four ways in which newspapers vary
Answers
What is abnormal demand
Answers
3) Structural inflation. This is related to the inefficiency of services provided by the infrastructure of a given economy, that is, it is based on the rigidity of the supply of goods and services of that economic structure.
pt br
1) Inflação de demanda. Aumento na procura de um determinado bem, sem que exista uma resposta compatível da oferta, sendo assim necessário aumentar o valor desse bem para equilibrar a economia. 2) Inflação de custo. Também pode ser chamada de inflação de oferta, e é aquela na qual ocorre um aumento em fatores que incidem diretamente sobre o produto. Por exemplo, caso ocorra o aumento do valor da matéria-prima, os produtos que são derivados dessa matéria irão sofrer uma inflação. Essa inflação pode ocorrer também em virtude da elevação das taxas de juros, salários, combustíveis e tarifas públicas.
3) Inflação estrutural. Esta se relaciona com a ineficiência de serviços fornecidos pela infraestrutura de uma determinada economia, ou seja, é baseada na rigidez da oferta de bens e serviços dessa estrutura econômica
A writer, an illustrator, a publisher and an agent would form a
a. Functional team
b. Choss-functional team
C. Management team
d. Corporate team
Answers
Answer:
b. Cross-functional team
Explanation:
A cross-functional team is composed of individuals with different skill sets. It is formed to accomplish a task that requires the input of different functional skills. Organizations form cross-functional teams by picking its members from various departments in the company. Cross-functional teams are always temporary and are disbanded when their mission is accomplished.
A writer, an illustrator, a publisher, and an agent have diverse skill sets. The team they would form is cross-functional
is it ethical or unethical to cheat on your taxes? Explain why or why not
Answers
Answer:
it would be unethical to do that because you are breaking the law
Answer:
It would be unethical.
Explanation:
coconutoil2217 is correct, it would be unethical to cheat on your taxes.
Because susans standard deduction is greater than the amount she made, it turns out that Susan never owed taxes. How large of a refund should she expect from the Federal
government if she follows through on filing her 1040 form
Answers
Note that if Susan's standard deduction is greater than the amount she made, it means her taxable income is zero. If she had any taxes withheld from her paychecks throughout the year, she would be eligible for a full refund of those taxes.
What is the rationale for the above response?Assuming Susan is a single taxpayer under the age of 65 and not claimed as a dependent on anyone else's tax return, her standard deduction for tax year 2022 (filing in 2023) would be $12,950.
If Susan's total income for the year is less than or equal to $12,950, she would owe no federal income tax and would be eligible for a full refund of any federal income tax withheld from her paychecks or estimated tax payments she made throughout the year.
The exact amount of her refund would depend on how much federal income tax was withheld from her paychecks or paid in estimated tax payments throughout the year. Susan can determine the amount of her refund by completing her tax return using Form 1040 and any other applicable forms and schedules.
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an unlicensed assistant prospects for leads for their agent employer. who could be fined, and/or have a license suspended or revoked by trec
Answers
An unlicensed assistant finds leads for their agent employer by prospecting. whose unlicensed assistant, agent, and sponsoring broke could be fined, and/or have a license suspended or revoked.
If you hire an unlicensed assistant, it is your responsibility to make sure that any work or projects you provide them do not involve any activities that call for a BCFSA license. If you suspect that your assistant has been trading without a license, having an employment contract with the brokerage that specifies what she is being hired to do can help protect you. You must keep in mind that having an assistant who will have access to your clients' private information is important information that needs to be disclosed to them.
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With respect to the selection tools that are used in processing applicants for a sales job:Group of answer choicesNone of these is correct.Companies should use standardized forms (developed for general use by any company) as much as possible.The most effective sequence is to start with an application blank and follow up with a series of interviews.The least costly tools should be used first.Under Affirmative Action guidelines, a company is not allowed to use psychological tests.
Answers
The companies should use the standardized forms because it is the most effective and guarantee quality selection.
Let understand that Selection tools are those tools used in selection process of hiring qualified applicant for a job.
The various method of selecting qualified applicant include:
Preliminary screeningPhone interviewsFace-to-face meetings etcThe standardization form of selecting applicants is most effective because its means that the process have been established and guarantees quality selection.
Therefore, Option A. is correct.
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What could you do to make sure a new employee you hired complies will all applicable rules, laws, and regulations related to their position? Give at least two examples of policies, practices, or procedures that would help.
Answers
Answer:
Explanation:
Policies should provide good guidelines and expectations to ensure fair and consistent ... If there is a need for government laws and regulations compliance (e.g., the ... For example, "All employees will be subject to this new policy/revision as of [date].
What distinguishes the real value of a statistic from the nominal value of a statistic?.
Answers
The adjusting or the rate of inflation distinguished the real value of a statistic from the nominal value of a statistic.
What is inflation?An increase in the prices of commodities during a given period of time, where the purchasing power of the consumer reduces due to no change in his or her income is known as inflation.
Hence, option D holds true regarding the rate of inflation. The complete question has been added as an image for reference.
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3.4 3 Practice Analyzing Visuals in Business Documents
P L Z help me with this
Synthesize
Determine and design the best visuals for a progress report, including appropriate graphs, tables, illustrations, text boxes, and other visuals. You will need to think about how the visuals relate to the information presented in the progress report and how the visuals will aid readers’ understanding.
1. Using the graphs above, which would you choose to include in the Costs section of your progress report to show how project spending compares to the budget so far? Explain why.
2. Using the graphs above, which would you chose to include in the Costs section of your progress report to show how much of the total budget remains for the project? Explain why.
3. Examine the table in the section above.
a. Recreate the exact table shown above in a separate document. Submit this document to your teacher with your worksheet.
b. Explain how you created the table.
4. In your progress report, you want the Work Completed section to follow your Summary of Costs. To date, the company has rewritten the home page content, created a new logo, and updated the overall structure of the site. Currently, an idea for site navigation has been proposed but not yet confirmed. You want to include a visual of the navigation option in the progress report.
a. The navigation option includes these links from the Home Page: About, Services, Customer Reviews, and Contact. The About section would include links to History and Our Mission; the Services section would also include links to Pricing, Scope, and Timeline. Show an example of a simple, custom graphic to display the navigation.
b. Explain how you created your graphic.
5. Once you finish your progress report, your manager wants to look it over before distributing it to everyone in the company. What is the best way to give this report to your manager and why?
6. Your manager looks over the report and decides that because you did such a thorough job with the report, your next project will be to help update the company's business cards. Create a sample business card that includes a graphic to represent the law firm, Stevens & Patterson.
Answers
Graphics are employed as visual representations to support the text in a report, proposal, set of instructions, or other similar papers in corporate writing and technical communication. Charts, diagrams, sketches, figures, graphs, maps, pictures, and tables are examples of several graphic types.
What is the purpose of using visuals in a professional document?Visuals are an important aspect of any documentation approach because they may make complicated ideas and procedures easier for readers to comprehend. They let readers envision linkages and occurrences, although it may be more challenging to understand the same information when presented in the text.
Place the graphic as near to the relevant text as you can. Assign a number and a precise descriptive title to each image. When describing the content of the graphic, refer to the number or title in the body text. Give the graphic ample white space around it to draw attention to the picture and improve readability.
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the paris union was established for the purpose of . group of answer choices reducing pollution protecting patents
Answers
The Paris Union was established for the purpose of protecting patents.The Paris Union, also known as the International Union for the Protection of Industrial Property, is a treaty organization established by the Paris Convention for the Protection of Industrial Property, which was signed in Paris, France, on March 20, 1883.
The Union offers several global protections to patent holders, such as:Protection for patented items from duplication and unauthorized usage.A maximum period of patent protection.The right to be compensated for any violation of patent rights through legal action, among other things.
The main goal of the Paris Union was to establish a common standard for protecting intellectual property across multiple countries to reduce any problems with patents and reduce the costs involved in patenting the same product in different countries. The Paris Union also plays an important role in preventing patent pollution.
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Joyce is an accountant. Sarah, her hair stylist, cuts and perms her hair in exchange for having her taxes done. This is an example of an economic transaction that is NOT included in the national income and product accounts.
Answers
Joyce is an accountant. Sarah, her hair stylist, cuts and perms her hair in exchange for having her taxes done. This is an example of an economic transaction that is NOT included in the national income and product accounts. The given statement is true.
A transaction is a commercial enterprise event that has a financial impact on an entity's economic statements and is recorded as access in its accounting facts. Examples of transactions are as follows: Paying a supplier for services rendered or goods delivered.
Something transacted specifically an alternate or transfer of goods, offerings, or price range digital transactions. b transactions plural the frequently published document of the meeting of a society or association. 2a: an act, procedure, or example of transacting.
A cash transaction is the instant charge of coins for the purchase of an asset. a few marketplace stock transactions are taken into consideration coins transactions although the change might not accept a few days.
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suppose that the company had sales of $2,751,332 and net income of $86,432 for the year ending december 31, 2022. calculate the dupont identity.
Answers
The DuPont Identity is 0.0477.
Suppose that the company had sales of $2,751,332 and net income of $86,432 for the year ending December 31, 2022. Calculate the DuPont Identity.
The DuPont Identity is a method of breaking down Return on Equity (ROE) into its component parts, allowing analysts to evaluate the sources of the company's profitability.
The formula for the DuPont identity is as follows:ROE = (Net Income/Sales) x (Sales/Total Assets) x (Total Assets/Shareholders' Equity)
ROE is calculated by dividing Net Income by Sales.ROE = Net Income / SalesROE = $86,432 / $2,751,332ROE = 0.0314
The formula for the DuPont identity is:ROE = Net Income / Sales x Sales / Total Assets x Total Assets / Shareholders' Equity ROE = Net Income / Shareholders'
Equity / Total Assets x Total Assets / SalesROE = (Net Income / Sales) x (Total Assets / Shareholders' Equity)ROE = Profit Margin x Asset Turnover x Financial Leverage
We can then substitute the values for Profit Margin, Asset Turnover, and Financial Leverage:ROE = (Net Income / Sales) x (Sales / Total Assets) x (Total Assets / Shareholders' Equity)ROE = 0.0314 x 1.05 x 1.36ROE = 0.0477 The DuPont Identity is 0.0477.
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4. Use the Internet to find an online job posting. Try searching a site like careerbuilder.com or monster.com. Then complete the items below. a. List the link to the posting. (1.0 point) b. List at least two requirements of the job. Complete sentences are not necessary. (2.0 points) c. List at least three tasks that are a part of the job. Complete sentences are not necessary. (3.0 points) d. Write 1-2 sentences explaining why or why not this job would be a good fit for you (2.0 points)
Answers
Answer and Explanation:
Hello. Brainly does not allow links to be placed in responses, which makes it impossible for me to answer your first question. However, you can find this job vacancy in the careerbuilder when searching for Internet / BDC Director.
Two requirements that this job vacancy requires of possible candidates are: Knowledge of management of social networks and experiences with online sales.
The individual who is interested in this job vacancy, if hired, will have to carry out online and face-to-face sales, perform administrative functions and perform customer service whenever necessary.
This job is not a good option for me, because I have no experience in sales, but this is a very promising job vacancy, with a fair salary and benefits, I believe that if I had the requirements, I would do very well in this type of job.
Answer:
1. https://www.careerbuilder.com/job/J337WK6Y75401Z09WZ9
2. · Ideal to have 1 year experience as a pharmacy technician coordinating activities in an administrative support function.
· Must have valid Pharmacy Technician License
3. Working with patients to explain and educate on medical questions
· Tracking and logging vaccination details into EMR (electronic medical records system)
· Assisting Pharmacist as needed
4. This job would be a good fit for me, because I am compassionate, patient, and pay attention to detail. My mathematical skills are excellent, and like working with a team of health care professionals.
Explanation:
which of the following constraints will be included in the lp model that determines minimum cost strategy to balance the cars at the seven locations.
Answers
That determines minimum cost strategy to balance the cars at the seven locations.The economy flow balancing requirement for each transshipment node in a minimal cost network flow model mandates that flow in Equals flow out.
Economic flows are modifications to the amount, composition, or value of an institutional unit's assets and liabilities. They signify the emergence, development, modification, trade, transfer, or elimination of economic value. A flow idea is a quantity measured over a set period of time. For instance, the bank will give you 4% interest annually if your monthly allowance is 1500 rupees.Other examples of flows are expenditure, savings, depreciation, interest, exports, imports, changes in inventories (not simply inventories), changes in the money supply, lending, borrowing, rent, profit, etc. because their magnitudes (sizes) are measured over time.Long Playing (LP) records have a diameter of either 12 or 10 inches and rotate at a rate of 33 1/3 revolutions per minute to store music in an analogue phonograph recording format.But in 1982, the Compact Disc (CD) format was developed.
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Suppose the city of Austin, TX chooses to regulate the number of street vendors operating near the University of Texas by requiring each vendor to own a permit in order to operate. The city gives free permits to all existing vendors and announces that no new permits will ever be issued. Prior to regulation, the costs (including implicit costs) of operating were $85,000 and revenues were $150,000. The city ordinance allows the permits to be bought and sold without restriction. The permits have no expiration date. The interest rate is 10 percent. After regulation, existing street vendors earn an
A. accounting profit of zero.
B. economic profit of $130,000.
C. economic rent of $65,000
D. economic loss.
Answers
Answer:
economic rent of $65,000
Explanation:
Economic rent is the amount of money paid in excess to a factor of production in excess of what is socially optimum
Economic rent = $150,000 - $85,000 = $65,000
Accounting profit= total revenue - explicit cost
Total revenue =price x quantity sold
Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
Without the regulation, economic profit would be driven to zero.
Tiffany's Dilemma Tiffany graduated from college and needed to decide where she wanted to work. She had several options. Her aunt Martha owned and operated a small business that she started about twenty years ago. Martha, an individual owner of her business, informed Tiffany that she could work for her. On one hand, Tiffany thought it would be a great opportunity to be able to work for her aunt, learn the business, and then run the business when her aunt retires. On the other hand, she also felt that she wanted something a little more challenging; a job where she could really use her education. Her other option would be to work for a company that a friend and her husband had started and jointly owned. It was a rapidly growing company with plenty of opportunity for advancement. However, Tiffany had some reservations about this choice because she was not sure she wanted to work for friends. Her last option was to work for a large retail company, headquartered in Maryland, which had s
Answers
Answer: that's a hard one lol let me try
Explanation:
one sec
Goods sold to Seema for Rs. 4,000 and received Rs. 1,000 as partial payment.
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Disadvantages of choosing a job that is extremely popular or in demand
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The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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