Answer:
Relative wage coordination argument
Explanation:
Relative wage coordination argument states that even though workers are willing to accept wage cuts due to economic hardships. Wide implementation of wage cuts is hard because workers believe that not everyone will experience wage cuts.
So they will will fight against implementation of wage cuts.
In this scenario Campus Collective company has recently lost three large university clients that made up 40% of its total revenue. This has hit the company hard and management finds it necessary to reduce staff or wages.
Although employees are aware of the hardship they still fight against management on wage cuts because employees are also not sure if other people working their same jobs in the economy are getting reduced wages.
suppose promoters of xyz music concerts knows that if they charge 400birr pertcket 2000 people would buy thetickets for conserts and if charge 200birr perticket 4000 people would by tickets over this pirce range A, find pirce elasticity of damand B, uhat types of price elasticity of damand
A.Price Elasticity of Demand is 1.
B.In other words, the increase or decrease in the quantity demanded is directly proportional to the change in price.
To calculate the price elasticity of demand, we can use the formula:
Price Elasticity of Demand = Percentage Change in Quantity Demanded / Percentage Change in Price
A. Calculating the percentage change in quantity demanded:
Change in Quantity Demanded = 4000 - 2000 = 2000
Average Quantity Demanded = (4000 + 2000) / 2 = 3000
Percentage Change in Quantity Demanded = (Change in Quantity Demanded / Average Quantity Demanded) * 100
= (2000 / 3000) * 100
≈ 66.67%
Next, let's calculate the percentage change in price:
Change in Price = 400 - 200 = 200
Average Price = (400 + 200) / 2 = 300
Percentage Change in Price = (Change in Price / Average Price) * 100
= (200 / 300) * 100
≈ 66.67%
Now, we can calculate the price elasticity of demand:
Price Elasticity of Demand = Percentage Change in Quantity Demanded / Percentage Change in Price
= 66.67% / 66.67%
= 1
B. Since the price elasticity of demand is equal to 1, it indicates unitary price elasticity of demand. This means In other words, the increase or decrease in the quantity demanded is directly proportional to the change in price.
This suggests that consumers are highly responsive to price changes, and a small increase or decrease in price can lead to an equivalent change in the number of tickets sold.
that the demand for tickets is perfectly elastic within this price range.
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Jisue Construction Company received $12,000 for six months rental income in advance on November 1, 2020, and credited the Rental Revenue account for $12,000. The required adjusting entry on December 31, 2020, would include a Group of answer choices
Answer:
Debit : Rent in Advance $4,000
Credit : Rent Income $4,000
Explanation:
When Rent was paid in advance :
Debit : Cash $12,000
Credit : Rent in Advance $12,000
The required adjusting entry on December 31, 2020 :
Debit : Rent in Advance $4,000
Credit : Rent Income $4,000
What kind of skills are necessary as an
arts and communication manager?
A. Business
B. Customer service
C. Trade
Answer: B is wrong it’s (A) business
Explanation: I already tried B
A long-term incentive is a type of
incentive given to employees that
is designed to be paid over
or longer.??
Carlson Auto Dealers Inc. sells a handmade automobile as its only product. Each automobile is identical; however, they can be distinguished by their unique ID number. At the beginning of 2021, Carlson had three cars in inventory, as follows:
Car ID Cost
203 $78,000
207 78,000
210 81,000
During 2021, each of the three autos sold for $108,000. Additional purchases (listed in chronological order) and sales for the year were as follows:
Car ID Cost Selling Price
211 $78,000 $108,000
212 78,000 111,000
213 79,500 not sold
214 81,000 114,000
215 84,000 118,500
216 82,500 not sold
217 87,000 123,000
218 84,300 124,500
219 90,000 not sold
Required:
Calculate 2021 ending inventory and cost of goods sold assuming the company uses the specific identification inventory method.
The Carlson Auto Dealers Inc.'s 2021 cost of ending inventory is $252,000 based on the specific identification inventory method.
2. The Carlson Auto Dealers Inc.'s Cost of Goods Sold for 2021 is $729,300 using the specific identification inventory method.
Data and Calculations:
Beginning Inventory of cars:
Car ID Cost
203 $78,000
207 78,000
210 81,000
Total = $237,000
Cost of Ending Inventory:
Car ID Cost
213 79,500 not sold
216 82,500 not sold
219 90,000 not sold
Total $252,000
Cost of Goods Sold:
Car ID Cost
203 $78,000
207 78,000
210 81,000
211 78,000
212 78,000
214 81,000
215 84,000
217 87,000
218 84,300
Total Cost = $729,300
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The government needs to provide public goods for what reason?
O A. Citizens demand government regulation to protect their freedom.
O B. Private companies cannot profit by providing them.
O
O c. The government can reduce taxes by profiting from public goods.
O D. They are necessary for raising the standard of living.
How can a company take advantage of viral diffusion in a rapidly growing market?
a. They can give opinion leaders free products to use.
b. They can identify and court opinion leaders in a particular market.
c. All of these are ways for companies to take advantage of viral diffusion in a rapidly growing market.
d. They can encourage experts in the field to use the product first.
e. They can create a partnership with opinion leaders to help further develop the technology.
Answer:
The answer is D
Explanation:
I think so
The answer is d. They can encourage experts in the field to use the product first is the advantage of viral diffusion in a rapidly growing market
Which marketing tactic qualifies as product proliferation in a developed market?
Product proliferation is a strategy used by businesses to increase the range of products they provide in a market or submarket in order to saturate the market and reduce the amount of unmet demand (Mainkar, Lubatkin, & Schulze, 2006).
Product proliferation, pricing games, and preserving surplus capacity are the key strategies used by businesses in established markets to thwart entrants.
a dominator strategy for market share. Market share dominance is not one of Porter's general competition strategies. The best-cost provider, low-cost provider, differentiation, and concentrated low-cost are the four main general categories of competitive strategy.
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As the athletic shoe buyer for Sports Authority, how would you go about forecasting sales for a new Nike running shoe?
Answer:
The answer is below
Explanation:
I would go about forecasting sales for a new Nike running shoe in the following ways:
1. Check past sales history: Examining Nike's sales history to check and differentiate which items have high sales well and those items that didn’t. This will help anticipate and forecast sales for the new Nike running shoe by putting it side by side with a similar product.
2. Conduct detailed market research: This is vital to predicting prospective sales in order to determine if the shoes will sell satisfactorily.
Making research to infer specifically the products, consumers wants will give Nike a current idea of what is in vogue. Thus, by conducting detailed research and discovering what their consumers prefer and disfavor, they will have the ability to predict sales for a new item.
Tang worked 52 hours last week. His hourly rate is $7.80. Tang’s gross pay for last week was $
Answer: $405.6
Explanation:
If Tang earns $7.80 per hour(Hourly rate) and works for 52 hours then his gross pay would be 405.6 dollars because 52*7.80 = 405.6.
all you need to do is multiply the horly rate by the number of hours worked
Identify all groups that pay property tax
Answer:
The answer is landowners homeowners and businesses
Explanation: just took test
Types of Taxes
1. A sales tax is on the purchase of goods and services at the point of sale while a use tax is paid on goods and services purchases when sales tax was not paid.
2. landowners, homeowners, and businesses.
3. regressive tax
4. Employees pay half (1.45%) of the Medicare tax while the employer pays the other half. Self-employed individuals pay for both halves of the tax (2.9%).
5. Businesses pay a proportional or progressive tax based on their profits.
100% guaranteed if you put these as your answers.
Does Audit services needed in Auchi polytechnic student union government? If yes,why
Audit services is one that is needed in Auchi polytechnic student union government to know if the student body use the money allocated to them in the right manner or for the right project.
.
What is the student union?The student union is known to be a body that is composed of student of any university, polytechnic or college institution.
It is known to be a body that is autonomous and one whose internal life set up its own by-laws.
Note that the student unions are often allocated funds by the university or polytechnic and as such they have to use the audit service because some of their leaders may squander the money given to them., So this will help to checkmate them.
Hence, Audit services is one that is needed in Auchi polytechnic student union government to know if the student body use the money allocated to them in the right manner or for the right project.
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A minimum wage that is set above a market's equilibrium wage will result in an excess:________.
a. demand for labor, that is, unemployment.
b. supply of labor, that is, a shortage of workers.
c. demand for labor, that is, a shortage of workers.
d. supply of labor, that is, unemployment.
Answer:
D
Explanation:
A minimum wage set above market's equilibrium wage increases the cost of hiring labour. so the demand of labour falls.
A minimum wage that is set above a market's equilibrium wage increases the income that would be earned by labour, so the supply of labour increases.
Because the increased supply for labour would not be matched with a corresponding increase in demand, there would be unemployment
A manager believes his firm will earn a 16.9 percent return next year. His firm has a beta of 1.59, the expected return on the market is 14.9 percent, and the risk-free rate is 4.9 percent. Compute the return the firm should earn given its level of risk and determine whether the manager is saying the firm is under-valued or over-valued.
Answer:
Return = 20.8%.
It is overvalued
Explanation:
The capital asset pricing model is a risk-based model. Here, the return on equity is dependent on the level of reaction of the the equity to changes in the return on a market portfolio. These changes are captured as systematic risk. The magnitude by which a stock is affected by systematic risk is measured by beta.
Under CAPM, Ke= Rf + β(Rm-Rf)
Rf-risk-free rate (treasury bill rate), β= Beta, Rm= Return on market.
Rf- 4.9% , Rm- 14.9%, β-1.59
Using this model,
Ke= 4.9% + 1.59×(14.9%-4.9%)
= 20.8%
Return = 20.8%.
The CAPM is greater than the expected return, hence the firm is overvalued
Dear Mr. Sanchez: Your efforts to promote ethical business practices in our city have drawn national recognition. You are an excellent role model for all our citizens, especially our youth Following your leadership, nNext month Jackson High School, in partnership with the Decatur Chamber of Commerce, will be hosting our second annual Ethics and Leadership for Youth conference. This conference is great. Lots of kids show up and have fun. A swell time is had by all who attend. In fact, this year we are increasing our enrollment to accommodate more students from neighboring school districts. We are excited that so many students are interested in ethics Last year, after learning about the importance of ethical leadership, students who attended our conference returned to their home schools and implemented a total of nine ethics and leadership initiatives. Therefore, we would like to invite you to be the keynote speaker for the second annual ELY conference. The keynote address is scheduled for 10 a.m., Friday, April 16, n the Jackson High Memorial Auditorium. Our students would be honored by your presence. If you are able to join us, please call me at (555) 673-3333 by March 15 to make arrangements. Sincerely, Jan Sanduccino, Principal Jackson High School.
1. Which of the following is the best revision for the third paragraph?
a. Last year, after learning about the importance of ethical leadership, students who attended our conference returned to their home schools and implemented a total of nine ethics and leadership initiatives. One of these initiatives included a project in which students researched ethical leaders in the local community. Naturally, the students encountered much of your work and have humbly requested your presence at the Ethics and Leadership for Youth conference this year. As a speaker at the ELY conference, you would have the opportunity to significantly impact our next generation of leaders.
b. Last year, after learning about the importance of ethical leadership, students who attended our conference returned to their home schools and implemented a total of nine ethics and leadership initiatives. One of these initiatives included a project in which students researched ethical leaders in the local community.
2. What are the major problems with the above message?
a. It is not opaque, and it provides too many details.
b. It does not state the reasons before the main idea, and it has no reader benefits.
c. It fails to provide any easy excuses, and it would make the reader feel bad to decline.
3. Effective claim and complaint messages:
a. Vent anger.
b. Provide a blow- by- blow description of details
c. Make a reasonable request
Answer:
1) - a - Last year, after learning about the importance of ethical leadership, students who attended our conference returned to their home schools and implemented a total of nine ethics and leadership initiatives. One of these initiatives included a project in which students researched ethical leaders in the local community. Naturally, the students encountered much of your work and have humbly requested your presence at the Ethics and Leadership for Youth conference this year. As a speaker at the ELY conference, you would have the opportunity to significantly impact our next generation of leaders.
2). b - It does not state the reasons before the main idea, and it has no reader benefits.
3). - c - Make a reasonable request.
Explanation:
1). The first option most adequately rephrases the third paragraph by reconsidering the main ideas effectively and clarifies the author's purpose effeciently. It presents the main idea of the 'significance of ethical leadership and its success' more clearly through appropriate evidence('nine ethics and leadership initiatives taken by students). It presents the given idea more impactfully by strengthening the language of the paragraph.
2). The key problem that the given message contains is that 'it fails to provide adequate reasons before presenting the main idea to the readers and this is why readers do not gain any message or specific idea.' The lack of logical explanation of the main idea does not allow the readers to understand the purpose for which the given content is produced and just become a passive information they are receiving as they aren't able to relate to it.
3). The main characteristics of a constructive claim or complaint messages include 'offering a reasonable request.' Reason is something that not only justifies the validity of the argument but also positions the author's stand on the topic. An effective claim or complaint displays appropriate reason or logic behind it and establishes its credibility and convinces the reader with sufficient evidence that it is worthy and fair. Thus, option C is the correct answer.
what is the meaning of marketing
Answer:
Marketing is a set of activities related to creating, communicating, delivering, and exchanging offerings that have value for others.
Sheffield Company has $145,000 of inventory at the beginning of the year and $131,000 at the end of the year. Sales revenue is $1,972,800, cost of goods sold is $1,145,400, and net income is $248,400 for the year. The inventory turnover ratio is:
Answer:
Sheffield Company
Inventory Turnover Ratio = Cost of goods sold/Average Inventory
= $1,145,400/$138,000
= 8.3 times
Explanation:
a) Data and Calculations:
Beginning inventory = $145,000
Ending inventory = $131,000
Average inventory = (Beginning inventory + Ending inventory)/2
= ($145,000 + 131,000)/2
= $138,000
Sales revenue = $1,972,800
Cost of goods sold = $1,145,400
Net income = $248,400
b) The inventory turnover ratio for Sheffield Company is an efficiency ratio that shows how inventory is managed and the number of times Sheffield sells or consumes the inventory during an accounting period. This is why Sheffield Company takes the average of the inventories in order to smoothen seasonal fluctuations in the inventory level during the year. When this ratio divides the number of days in the accounting period, Sheffield will get the days it takes for inventory to be purchased or produced, and then sold or consumed.
Identify specific problems with advertising to children experienced in South
Africa. Find specific advertisements and explain how you feel it can be seen
as unethical in our South African context.
The value set for is known as:
the rejection level
the acceptance level
the significance level
the error in the hypothesis test
Answer:
Explanation:
The rejection level (or significance level) is the value set for a hypothesis test that determines the likelihood of rejecting a null hypothesis. It is also referred to as the alpha level and is typically set at 0.05 (5%). This means that there is a 5% chance that the null hypothesis is rejected even though it is true. This value is determined by the researcher and should be chosen before the data is collected and analyzed. The lower the value, the more stringent the test and the more likely it is to reject the null hypothesis when it is true. The higher the value, the less stringent the test and the more likely it is to not reject the null hypothesis even when it is false.
Which choice is not a characteristic of a competitive market?
A. firms sell similar products
little or no barriers to entry
B. a large number of firms C.offering similar products
D. firms have some degree of control over prices
One of the important decisions managers have to make is whether to buy and commit to upgrading its computer equipment every couple of years. One way of avoiding having to buy costly upgrades, which can quickly become obsolete, is to use:
One way of avoiding having to buy costly software upgrades, which can quickly become obsolete (out-dated), is to use: Application service provider.
A software can be defined as a set of executable instructions (codes) or collection of sequential data that is typically used to instruct a computer on how to perform a specific task and solve a particular problem.
Generally, a software should be upgraded to its latest version when made available by the software developer.
Hence, an important decision managers have to make is whether to buy a computer equipment and become committed to upgrading it every couple of years or from time to time.
An effective way of avoiding having to buy costly computer upgrades, which can quickly become obsolete (out-dated), is to use an application service provider (ASP).
An application service provider (ASP) is a business firm or company that is saddled with the responsibility of providing computer-based services to its customers (individuals or enterprises) over a network.
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Skills USA offers the opportunity to practice information technology skills.
A.
True
B.
False
Which question can best help a consumer assess risk when purchasing insurance? How much must be paid to make a claim? What problems are most likely to happen? What are the possible payouts on a claim? How much are the monthly premiums?
Answer: the answer is : What problems are most likely to happen?
Explanation:
Answer:
b
Explanation:
What account below is not an asset?
A. Capital Stock
B. Inventory
C. Cash
D. Accounts Receivable
Answer:
A. Capital Stock
Explanation:
Accounts are categorized following the accounting equation of assets are equal to equity plus liabilities. Asset accounts track and record the resources that a business owns or controls. Assets being the valuable items that a business uses to generate income or maintain operations.
Equity represents the owner's interest in the business. It comprises capital contributions and retained earnings. Capital stocks belong to equity accounts and not asset accounts.
Creative and innovative
A creative innovation is bringing about something unique and different.
What is creativity?Creativity is the ability to imagine something unique or new that have not been in existence.
It could also be a modification to what have been existing before.
Therefore, A creative innovation is bringing about something unique and different.
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I have a CSV file that has a list of wineries in one column and the state they are in, in another. What would I need to add to the data in Power BI in order to create a visualization that shows how many wineries are in each state?
The thing that one need to add to the data in Power BI in order to create a visualization are:
First is one need to add from the right side pane and down to Report Canvas. By default, it is known to be a kind of table type visualization, which is said to be clicked in Power BI. Another method to use is by dragging the fields and this is done from right side bar to the area of the axis and also in the value axis that is seen under Visualization.How to add data items to a Power BI visualisation?First one need to open the Power BI service, then click on Get data in the bottom left corner.
Note that inside the Get Data page that shows, click Samples. click the Sales and Marketing Sample, and select Connect. choose Edit on the menu bar to show the Visualizations pane.
Hence, The thing that one need to add to the data in Power BI in order to create a visualization are:
First is one need to add from the right side pane and down to Report Canvas. By default, it is known to be a kind of table type visualization, which is said to be clicked in Power BI. Another method to use is by dragging the fields and this is done from right side bar to the area of the axis and also in the value axis that is seen under Visualization.Learn more about CSV file from
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Scenario
The CEO is interested in learning more about probability and how it works. The CEO is also asking about how probability and analytics can be integrated into the business model. In the process of looking for information on probability, you find that it is important to understand optimization and forecasting and how they can be applied to benefit the business. Do some research and present the results for the CEO.
The following is the necessary information to complete this lab assignment.
Deliverables
Step 2: Probability Research
• Considering the CEO's request, you determine that some research needs to take place.
• Define the following terms for the CEO and locate some chart examples of each type of analysis.
o Probability
o Optimization
o Forecasting
Step 3: Integrating Data Research for Business
• In one to two paragraphs, discuss what role probability and statistics play in business decisions.
• In one to two paragraphs, discuss any ethical considerations when doing probability.
• Summarize by explaining why probability is a good method for the CEO to consider.
Data integration enables businesses to combine pertinent data from several sources onto a single platform, giving users a real-time perspective of corporate performance. Making decisions that can hasten business progress requires the transformation of data into meaningful information.
The process of merging data from several source systems to produce uniform sets of information for both operational and analytical usage is known as data integration.
The process of merging data from various sources into a single, cohesive perspective is known as data integration. Integration involves procedures like cleansing, ETL mapping, and transformation and starts with the ingestion process.
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What are some ways you can keep your saw sharp while in school and then also in your profession
Keeping your saw sharp in school and in your profession means continuously developing your skills and staying up-to-date with industry trends and advancements.
How to keep your saw sharp while in school and then also in your professionHere are some ways to do so:
Attend conferences and seminars: Attending conferences and seminars related to your field will give you the opportunity to learn from industry experts, network with other professionals, and stay up-to-date on the latest developments in your industry.
Participate in online courses and webinars: Taking online courses and webinars is an excellent way to learn new skills and techniques.
Join professional organizations: Joining a professional organization related to your field can provide you with opportunities to network with other professionals
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what is a likely result of an increase in trade between nations
Answer: It will provide consumers with more choice at lower prices
Explanation:
Carol is a nurse in a rehabilitation facility run by Sun Retirement Systems. She works at least 50 hours every week. After looking at
her payroll stubs for the past six months, she concludes that she has not received her share of overtime pay. With the help of a
friend in the payroll department, Gabriel learns the she has been classified as a temporary employee so that her overtime pay can
be avoided. She complains to her supervisor, but her employer makes no changes. Which of the following legal courses can Carol
take against Sun Retirement Systems?
Carol can take legal courses against Sun Retirement Systems for not receiving her share of overtime pay like Carol can file a lawsuit in the court of law against her employer for unpaid overtime wages.
What are the other legal courses that Carol can take against Sun Retirement Systems?File a complaint with the Department of Labor: Carol can file a complaint with the Department of Labor's Wage and Hour Division (WHD) alleging that her employer has violated the Fair Labor Standards Act (FLSA) by not paying her overtime pay.
File a complaint with the Equal Employment Opportunity Commission (EEOC): Carol can file a complaint with the EEOC if she believes that her employer has discriminated against her based on her temporary employee status.
Seek legal representation: Carol can seek legal representation from an attorney specializing in employment law to help her navigate the legal process and advocate for her rights.
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In QuickBooks Online, where do you go to see all a company's categories organized into account types?
Answer:
The answer is "Chart of Accounts".
Explanation:
The chart of a financial report is the index of the general ledger of its financial accounts. In short, this is an organization tool that offers a digestible overview between subgroups of any money transfers performed by either a company in such an accounting period. It also using accounting graphs in Quickbooks to see those sections of a company grouped through account forms.