If medical, the principal, violates a duty to network, the agent is entitled to recover for past services and future damages
What is meant by agent?
In economics, agent refer a person whose job is to do business for a company or for another person.
Here we have the the principal-agent relationship between medical clinic LLC and network referral service is not contractual.
And we need to find if medical, the principal, violates a duty to network, the agent is entitled.
As per the definition of agent, we must know the meaning of principal-agent relationship that is an arrangement in which one entity legally appoints another to act on its behalf.
In this relation, an agent acts on behalf of the principal in his dealings with a third person, a contractual relationship between the principal and the third person is created and the agent is not personally liable.
So, the duty of agent is to recover the properties based on the complaint.
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The current monthly production volume of a company is 1,120 units. Workers are paid $19 per hour, and each worker can produce 4 units per hour. The fixed costs for a month are $4,200. Determine the selling price of the product that the company should charge in order to breakeven its monthly profit.
Answer:
The selling price of the product that the company should charge in order to breakeven its monthly profit is $8.50 per unit.
Explanation:
Number of hours worked by workers per month = Total monthly units / Units per hour = 1,120 / 4 = 280
Total monthly variable cost = Total monthly wages = Number of hours worked by workers per month * Hourly rate = 280 * $19 = $5,320
Total monthly cost = Total monthly variable cost + Fixed costs for a month = $5,320 + $4,200 = $9,520
Selling price to breakeven = Total monthly cost / Total monthly units = $9,520 / 1,120 = $8.50
Therefore, the selling price of the product that the company should charge in order to breakeven its monthly profit is $8.50 per unit.
Data mining would be most helpful to a manager that wants to
Data mining would be most helpful to a manager that wants to discover unexpected relationships among the data stored by his/her organization.
Businesses employ the technique of data mining to transform unstructured data into information that is useful. Organization may learn more about their consumers to create more profitable campaigns, boost sales, and save expenses by utilizing software to explore for patterns in massive quantities of data. The efficient gathering, storage, and processing of data are essential for data mining.
Based on user requests, data mining tools examine correlations and patterns in data. An organization may employ data mining software to produce information classifications, for instance. As an example, consider a restaurant that wishes to utilize data mining to figure out when to run specific specials. It examines the data it has gathered and establishes classifications according to the frequency of client visits and the items they purchase.
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You are docking your boat. The current is pushing you toward the dock . What is the best way to dock
The best and the most secure way to dock a boat in a dockyard is by :
moving the boat parallelly along the dock, and approaching towards the dock slowly.A dockyard is a place where ships and boats are sheltered and it provides a secure place to dock or station your boat and a secure place to access the boat.
Now when the current is pushing your boat towards the dock, the best way to dock your boat is :
Allow the current of the water to carry the boat towards the dock.We have approach slowly and parallelly towards the dock.We can also shift the gears whenever we need to adjust the position of the boat.We have to secure the bow lines as well as the stern lines.Learn More :
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A group of students is studying for an economics quiz about economic cycles and how the government manages in an economy. In a market economy, strategies that change spending or taxes in order to influence economic conditions are known as:
O fiscal policy.
O equity promotion.
O monetary policy.
O economic stimulus.
Answer:
A market economy is an economic system in which the production and distribution of goods and services are determined by the forces of supply and demand. In a market economy, the government can use various strategies to influence economic conditions, including fiscal policy and monetary policy.
Fiscal policy refers to the government's use of spending and taxation to influence the level of economic activity and manage the economy. This can include measures such as increasing government spending, reducing taxes, or a combination of both.
Monetary policy refers to the actions taken by a central bank, such as the Federal Reserve in the United States, to manage the supply and demand of money and credit in the economy. This can include measures such as adjusting interest rates or the amount of money in circulation.
The options "equity promotion" and "economic stimulus" are not typically used to describe government strategies to influence economic conditions in a market economy.
Answer:
A fiscal policy.
Explanation:
Fiscal policy deals with the government's taxation and spending policies and is the principal tool used by the government to influence aggregate demand and achieve macroeconomic policy objectives such as high employment, price stability, and economic growth.
. Hadeer analyzed data and found that explicitly teaching reading strategies improves students’ performance on standardized tests. In this study, explicit teaching of reading strategies is a. An independent variable b. A dependent variable c. A mediating variable d. A moderating variable
Answer:
d
Explanation:
I'm 99.9% sure it's D, as thats the only one that makes sense
Why might a company issue a product recall
Answer:
The product is defective
Explanation:
Answer:
A product is defective
Explanation:
Product recalls occur as a result of safety or quality concerns related to a manufacturing or design defect in a product that may harm its users. Recalls may negatively affect a company's stock as they are expensive and can damage a firm's reputation, leading to declining sales.
Define the principles that govern the conversation process, and mention five examples if you are not apply these principles
The correct answer to this question is the following.
The principles that govern the conversation process are the following.
First, there is an opening. In this first part of the conversation process is when we greet the other person with a simple "Hello," "How is it going?"
The second part is called the Feedforeard, in which we try to make an introduction of the conversation with general statements or questions such as "Nice weather, ha?" or "I really wanted to meet you."
The third part is the Business part, in which we go straight forward to the reason for our conversation. We state our arguments, the purpose of the talking, what we need from the other person, and so on. The fourth part is the Feedback process, in which we listen to the arguments of the other individual, and make clarifications. The firth part is the Closing, in which, we thank for the conversation and casually or formally, we say goodby to the other person.
The net income reported on the income statement is $97,309. However, adjusting entries have not been made at the end of the period for the
supplies expense of $2,135 and accrued salaries of $1,163. Net income, as corrected, is
a. $96,146
b. $97,309
c. $94,011
d. $95,174
The common stock of Eddie's Engines, Inc. sells for $18 a share. The stock is expected to pay $1.58 per share next month when the annual dividend is distributed. Eddie's has established a pattern of increasing their dividends by 2.8% annually and expects to continue doing so. What is the market rate of return on this stock
Answer:
11.6%
Explanation:
Calculation for What is the market rate of return on this stock
Using this formula
Rate of return=D/P + g
Where,
D=1.58 per share
P=$18
g=.028
Let plug in the formula
Rate of return=1.58/$18+.028
Rate of return =0.088+.028
Rate of return=0.116*100
Rate of return=11.6%
Therefore the market rate of return on this stock will be 11.6%
What are some Benefits of Government Debt?
Answer:
Increasing the debt allows government leaders to increase spending without raising taxes.
It can help deal with a crisis.
Explanation:
WHO IS THE BEST ENTREPRENEUR OF ALL TIMES?
John D. Rockefeller was the best entrepreneur of all time, According to most metrics, the richest person in history. Through horizontal and vertical integrations that turned Standard Oil into a monopoly,
What is Business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
He gained his wealth by squeezing out efficiencies. The cost of petrol, however, has significantly decreased for the average customer. In 1911, the government permanently dismantled Standard Oil.
Therefore, First Entrepreneur does a remarkable job of carefully examining and showcasing Washington's significant entrepreneurial culture.
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The broad scope seeks to attract a large group of applicants who have a high probability possessing the characteristics that are needed to perform a specific job and qualifications are specific and specialized.
A. True
B. False
If it is used frequently, a milkshake mixer must be cleaned and sanitized at least every how many hours
If it is used frequently, a milkshake mixer must be cleaned and sanitized at least every four hours of time.
What is time?Time is the continued sequence of existence and events that occurs in an apparently irreversible succession from the past, through the present, into the future.
It is a component quantity of various measurements used to sequence events, to compare the duration of events or the intervals between them, and to quantify rates of change of quantities in material reality or in the conscious experience.
If it is used frequently, a milkshake mixer must be cleaned and sanitized at least every four hours of time.
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The selling price of an item is $455. It is marked down by 20%, but this sale price is still marked up from a cost of $280. Find the markup from the cost to sale price.
Answer:
$84
Explanation:
Calculation to Find the markup from the cost to sale price
Using this formula
Cost to sale price markup=[Selling price-(Marked down percentage *Selling price)]- Sale price marked up
Let plug in the formula
Cost to sale price markup=[$455-(20%*$455)]-$280
Cost to sale price markup=($455-$91)-$280
Cost to sale price markup=$364-$280
Cost to sale price markup=$84
Therefore the markup from the cost to sale price will be $84
AutoEdge hires a new economic analyst who decides to compute marginal profit for each product line. What might cause AutoEdge to stop producing a certain auto part erroneously?
Answer:
AutoEdge will stop producing a certain auto part when its marginal profit becomes zero.
Explanation:
Marginal profit is the difference between the marginal cost of production and marginal revenue earned from the sale of the same. Marginal profit is supposed to occur when an additional unit of product or auto part is sold.
When these increment in profit stops, then the economic analyst at AutoEdge knows that it is time to stop producing additional units of the auto part. This is because increasing output no longer tends towards profit.
The new economic analyst at AutoEdge will advise management to stop increasing production when its marginal cost is equal to its marginal revenue because at that point the profit is maximized. This point where MC=MR is also the point where Marginal Profit equals zero.
This is called Shut Down point. Beyond this point, the marginal profit of the firm becomes negative. Hence any production activity carried out at this point will be termed erroneous.
Cheers
The part of an industry's value chain that is most important to a company and the point where its greatest expertise and capabilities lie is called the company's R&D intensity. center of gravity. economy of scope. functional crossroads. dynamic equilibrium.
Answer:
center of gravity.
Explanation:
The part of an industry's value chain that is most important to a company and the point where its greatest expertise and capabilities lie is called the company's center of gravity.
Generally, the center of gravity of a company is usually the point at which it started business. The center of gravity of a company defines its strengths, success, achievement and dominant operations.
For any successful business, there is always a center of gravity. This is the point or stage where all of the strategic decisions, greatest expertise, risks management and capabilities lie.
Hence, should there be an error, disagreement or disarray at the center of gravity, then the company is headed for losses and bankruptcy.
(a) Blossom Company retires its delivery equipment, which cost $45,890. Accumulated depreciation is also $45,890 on this delivery equipment. No salvage value is received. (b) Assume the same information as in part (a), except that accumulated depreciation for the equipment is $37,400 instead of 45,890.
Answer: The answer has been attached
Explanation:
Here is the complete question:
Prepare journal entries to record these transactions:
(a) Blossom Company retires its delivery equipment, which cost $45,890. Accumulated depreciation is also $45,890 on this delivery equipment. No salvage value is received. (b) Assume the same information as in part (a), except that accumulated depreciation for the equipment is $37,400 instead of 45,890
The journal entries has been prepared and attached. It should be noted that the loss on the sale of the equipment was calculated as:
= $45,890 - $37,400
= $8,490
Check the attachment for the journal entries.
PART IL MULTIPLE CHOICES (1 POINT EACH) Choose the best answer from the alternatives given for the following questions.
15. Which of the following short run cost curve, does the marginal cost curve not intersect at its minimum?
A. Average total cost .
B. Marginal cost
C.Average fixed cost
D. Average variable cost
16. Identify correct statement concerning firm operating in a perfectly competitive market
A. It doesn't have a market power to decide on the price of its product B. It might enjoy a positive profit in the long run
C. It can increase its market share through advertising
D. It sometimes produces differentiated (non homogenous) products.
17. Which of the following statements about the relationship between marginal cost and average cost is correct?
A. When MC exceeds AC, AC must be rising.
B. When MC is falling, AC must be rising.
C. When AC equals MC, MC is at its lowest point.
D. When AC exceeds MC, AC must be rising. X
18. Suppose a firm's total cost is 10,000 birr when nothing is being produced and it increases by 25 birr for each unit produced. Given this information, total cost equation of a firm is given by:
A. TC= 10,000+25Q
B. TC= 10,000/25Q.
C. TC=25+10,000Q
D. TC= 10,000-25Q
E. TC= 10,000-25°
19. If a simultaneous and equal percentage increase in the use of all physical inputs leads to a larger percentage increase in physical autput, a firm's production function is said to exhibit
A. Decreasing returns to scale.
B. Constant returns to scale.
C. Increasing returns to scale.
D. Diseconómies of scale.
20. A perfectly competitive firm's short-run supply curve is its marginal cost curve:
A. Above the minimum of average total cost curve
B. Above the minimum of average variable cost curve
C. Above the minimum of average fixed cost curve
D. Above break-even point
E. All except B and D
21. A profit maximizing firm operating in a perfectly competitive market would decide to stop production, in the short run, when:
A. Price is greater than average total cost
B. Price is equal to average total cost C. Price is equal to average variable cost
D. Price is less than average variable cost
E. Total cost outweighs total profit
22. If a given firm operating in a perfectly competitive market faces a marginal cost equivalent to (MC = 2Q) where Q is output in unit, and sells its product at 20 birr per unit, the optimum output level that this firm should produce equals:
A. 20 units
B. 2 units
C. 10 units
D. No sufficient information
The correct answers are given below:
C. Average fixed costA. It doesn't have the market power to decide on the price of its product.D. When AC exceeds MC, AC must be rising.A. TC = 10,000 + 25Q.C. Increasing returns to scale.When manufacturing one unit of output more than the prior, a firm incurs what's known as marginal cost. In the short run, at their minimum points, the marginal cost curve crosses both the average variable and the complete average costs curves. That being said, when evaluating the asymptotic characteristics of fixed-cost averages, there isn't an intersection made by the marginal cost curve.
In a market that is perfectly competitive, influence over its goods' prices is absent in a firm, which therefore leads it to take on whatever price has been set. Consequently, any attempts to increase market share like advertising do not improve its overall standing. Because producing products that are mostly indistinguishable from those of its competitors is common practice, homogenous product creation becomes inevitable.
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Zachary Manufacturing Company has an opportunity to purchase some technologically advanced equipment that will reduce the company’s cash outflow for operating expenses by $1,287,000 per year. The cost of the equipment is $9,187,846.67. Zachary expects it to have a 11-year useful life and a zero salvage value. The company has established an investment opportunity hurdle rate of 15 percent and uses the straight-line method for depreciation. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)
Required:
a. Calculate the internal rate of return of the investment opportunity. (Do not round intermediate calculations.)
b. Indicate whether the investment opportunity should be accepted.
1. Internal Rate of Return
2. Should the investment opportunity be accepted?
Answer:
IRR = 8%
Don't accept the project
Explanation:
The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.
IRR can be calculated using a financial calculator:
Cash flow in year 0 = -9,187,846.67
Cash flow each year from year 1 to 11 = 1287000
IRR = 8%
Because the IRR is less than the hurdle rate, the project shouldn't be accepted.
To find the IRR using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
I hope my answer helps you
Answer:
a) IRR
IRR = 9%
b)
Since the IRR is less than the hurdle rate , the project should be rejected. An IRR with higher than the hurdle rate implies that the project would decrase the wealth of ths shareholders
Explanation:
IRR = a% + ( NPVa/(NPVa + NPVb)× (b-a)%
NPV = PV of annual savings - initial cost
PV of annual savings = A× (1- (1+r)^(-n) )/r
A- annual savings in operating cost , r- rate of return, n- number of years
NPVa
PV of annual savings = 1,287,000 × (1- 1.15^(-11))/0.15= 6,735,787.15
NPV = 6,735,787.15 - 9,187,846.67.= 2,452,059.52
NPVb
PV of annual savings = (1,287,000 × (1- 1.03^(-11))/0.03=11908127.23
NPV b = 11908127.23 -9187846.67 =2720280.564
IRR = 3% + ( 2720280.564 /(2720280.564 +2,452,059.52) )× (15-3)%
IRR = 9%
Since the IRR is less than the hurdle rate , the project should be rejected. An IRR with higher than the hurdle rate implies that the project would decrase the wealth of ths shareholders
Which common method for classifying accounts is growing in popularity because it is flexible and incorporates multiple variables
Answer: portfolio analysis
Explanation:
Portfolio Analysis is a situation whereby a portfolio asset allocation thst already exist is being reviewed and evaluated in order to ascertain if the current allocation will be able to
meet up with the financial goals of the investor.
It is the common method for classifying accounts is growing in popularity because it is flexible and incorporates multiple variables.
the sun....... (rise) at 6.04 this morning
Answer:
the sun rose at 6.04 this morning
Explanation:
hope it helps
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1. A requested task is subject to be reported when:
Requesting for a screenshot
When it is asking for 3 proofs
When it requests for email address to be submitted
The task requested promote violent and/or illegal activities
A requested task is subject to be reported when it promotes violent and/or illegal activities. This ensures that any content or actions that pose a threat or violate the law are appropriately addressed and handled. Reporting such tasks helps maintain a safe and secure environment for users and prevents the dissemination of harmful or unlawful content.
Promoting violent and/or illegal activities goes against community guidelines and ethical standards. By reporting such tasks, users can play an active role in upholding the rules and regulations of the platform or community they are a part of. Reporting serves as a mechanism for users to flag content or requests that could potentially harm individuals or society as a whole.
Requesting for a screenshot, asking for three proofs, or requesting an email address submission, on their own, may not necessarily warrant a report. These actions typically serve functional or practical purposes in various contexts. However, it is essential to assess the overall intent and impact of a requested task to determine whether it aligns with ethical standards and legal requirements. If a task requests actions that are potentially harmful or against the rules, it should be reported to the appropriate authorities or platform administrators for further investigation and appropriate action.
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Never gonna give you up never gonna let you down never gonna run around and desert you.Never gonna make you cry never,never gonna say good-bye
get rick roll i guess
Answer:
ya got me
Explanation:
Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.
The bank statement for Farmer Co. indicates a balance of $7,735 on June 30. After the journals for June were posted, the cash account had a balance of $4,098. Prepare a bank reconciliation, in good form, on the basis of the following reconciling items: (a) Cash sales of $742 were erroneously recorded in the cash receipts journal as $724. (b) Deposits in transit not recorded by bank, $425. (c) Bank debit memo for service charges, $35. (d) Bank credit memo for note collected by bank, $2,475 including $75 interest. (e) Bank debit memo for $256 NSF (not sufficient funds) check from Janice Smith, a customer. (f) Checks outstanding, $1,860.
Bank Reconciliation For Farmer Co. , June 30
Adjusted Cash Balance $4,098.00
Add: Deposits in transit 425.00
Less: Outstanding checks 1,860.00
Adjusted Book Balance $2,663.00
Add: Error in cash receipts journal 18.00
Less: Bank debit memo for service charges 35.00
Adjusted Bank Balance $2,646.00
Bank statement balance: $7,735.00
Explanation of reconciling items:
Cash sales of $742 were erroneously recorded in the cash receipts journal as $724. This error increased the adjusted book balance by $18.00.
Deposits in transit not recorded by bank, $425. This increased the adjusted book balance by $425.00.
Bank debit memo for service charges, $35. This decreased the adjusted book balance by $35.00.
Bank credit memo for note collected by bank, $2,475 including $75 interest. This increased the adjusted bank balance by $2,475.00.
Bank debit memo for $256 NSF (not sufficient funds) check from Janice Smith, a customer. This decreased the adjusted bank balance by $256.00.
Checks outstanding, $1,860. This decreased the adjusted book balance by $1,860.00.
After reconciling the accounts, the adjusted bank balance is $2,646.00 and the adjusted book balance is $2,663.00.
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2. Provide an example of a closed-end credit account that Caroline has. (1 point)
3. Provide an example of an open-end credit account that Caroline has. (1 point)
4. What has Caroline's payment history been like? Support your answer with two examples. (2
points)
2.An example of a closed-end credit account that Caroline has is a car loan.
3. An example of an open-end credit account that Caroline has is Credit Card.
What is Closed end credit?A closed end credit is a loan that must be repaid in full (lump sum) or in installment at a certain date. Closed end credit has a set payment or amount which has to pay every month.
The government and banks can limit or set the interest rates and fees on these loans. It is a type of credit agreement lender signed between a and a borrower that includes amount borrowed, interest rates and charges applicable, and monthly installments payable.
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The republic of Bucolia has computed its CPI for three years using 2016 as the base year: A gallon of paint cost $15.00 in 2015. What does it cost in 2016 dollars
Its cost in 2016 in dollars is mathematically given as
x=$17.85
This is further explained below.
What is a CPI?Generally, A price index is defined as the price of a weighted average market basket of consumer goods and services that were bought by households.
A consumer price index is one kind of price index.
The Consumer Price Index (CPI) is used to measure price changes over time.
In conclusion,
\(&\mathrm{CPI}=\frac{\text { current price }}{\text { base price }} X 100 \\\)
Therefore
\(&84=\frac{15}{x} \text { X } 100 \\\)
x=$17.85
Therefore, the 2016 price for paint is $17.85
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1. Do you think the minimum wage should be increased in California, as is proposed? Why or why not? Remember, many firms must give everyone raises when minimum wage increases to keep all their workers happy. 2. In your opinion, what was the original purpose of the minimum wage? Was it meant to be a living wage?
A Missouri job shop has four departmentsmachining (M), dipping in a chemical bath (D), finishing (F), and plating (P)assigned to four work areas. The operations manager, Mary Marrs, has gathered the following data for the movement of material. The number of workpieces moved yearly between work areas are:
M D F P
M
D
F
P
It costs $1 to move 1 workpiece 1 foot in the job shop. For the layout design of the job shop, Mary has the current layout (Plan A) and two proposals (Plan B and Plan C).
Required:
a. LAYOUT PLAN A: Distance between work areas (departments) in feet:
M D F P
M __ 21 13 19
D __ __ 7 11
F __ __ __ 4
P __ __ __ __
The yearly total material handling cost of the current layout presented in PLAN A = ___________$ nothing (enter your response as a whole number).
Answer:
Plan A cost $26,000
Explanation:
(21 * 6) + (13 * 18) + (19 * 2) + (7*4) + (11 * 2) + (4 * 18)
126 + 234 + 38 + 28 + 22 + 72
52,000 * 0.50 = 26,000
Q.1.2.2 Explain the implications on Airbnb should South Africa implement a
command economy.
Answer:
Throughout the next part, the description of the question is detailed.
Explanation:
Airbnb had already expanded fast throughout South Africa but since its inception throughout 2015.
It received criticism from the established accommodation sector, like certain other innovative companies.Throughout order to assess Airbnb's impact, Creation story intelligence was requested for separate research to evaluate Airbnb's commercial importance.