The assumption that is usually made concerning sales mix in CVP analysis is that it remains constant.
Cost-Volume-Profit (CVP) analysis is a tool used in cost accounting to analyze and present an entity's costs and selling prices graphically.
This enables the determination of the sales point at which all costs are covered as well as the profit at various activity levels.
The relative proportions in which a company's products are sold are referred to as the sales mix.
The sales mix is one option for increasing the company's profitability.
The analyst determines the company's overall profit growth potential by analyzing its sales mix.
The most common assumption in CVP analysis is that the sales mix will remain constant.
Hence, the sales mix is assumed to be constant in CVP analysis.
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You are really hungry and have been wanting to eat pizza all day. Instead of ordering a medium, you order a large. However, after about 4 slices, you don’t want anymore. This is an example of which factor?
Responses
diminishing personal value
diminishing personal value
substitutes
substitutes
buying power
buying power
diminishing marginal utility
The fact that you ordered a large pizza but after 4 slices, don't want anymore is an example of diminishing marginal utility.
What is diminishing marginal utility?Diminishing marginal utility refers to an economic principle that talks about how the utility or satisfaction that a person gets from each additional unit of an item increases at first, and then decreases.
For instance, the person was really hungry and then ordered a large pizza to be satisfied. But as they ate more slices, they were satisfied less and less and eventually ended up wanting no more slices of pizza.
In conclusion, this is diminishing marginal utility.
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The basic issues of inspection include all of the following except whether to inspect in a centralized or on-site location O at what points in the process inspection should occur what will be the total cost involved whether to inspect attributes or variables how much to inspect and how often
The basic issues of inspection include all of the following except: what will be the total cost involved. The correct option is C.
The other aspects of inspection that are important to consider are: a) whether to inspect in a centralized or on-site location, which involves determining the most efficient and effective method of inspection for the particular process; b) at what points in the process inspection should occur, as it is crucial to identify the key stages where inspection can prevent defects and ensure quality;
c) whether to inspect attributes or variables, which entails choosing the appropriate method to measure the characteristics of the product or process; and e) how much to inspect and how often, which requires determining the optimal frequency and intensity of inspections to maintain the desired level of quality without unnecessarily increasing costs or slowing down the process. The correct option is C.
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Complete question:
The basic issues of inspection include all of the following except
a. whether to inspect in a centralized or on-site location
b. at what points in the process inspection should occur
c. what will be the total cost involved
d. whether to inspect attributes or variables
e. how much to inspect and how often
cellphones are one form of communication technology, give any other form
Answer:
television,newspaper,radio,laptops,computer etc..
Answer:
TRANSPORT AND LANDLINES.What is one of the most important components of the production
process?
A
new technology
B goods and services
I
C human resources
D
inputs and outputs
Answer:
C. human resources because every business needs someone to supervise.
.............
Clothing, piercing and tattoo are all a matter of taste.There’s no discussion about any of it.Any personal adornment is a matter of taste. It’s not rocket science-it’s just what it is.
Personal adornments such as clothing, piercings, and tattoos are subjective and a matter of personal taste.
There is no objective standard for what is considered "good" or "bad" in terms of aesthetics. Each individual has their own preferences and style choices, making it a matter of personal expression and identity.
Personal adornment choices are deeply rooted in individuality and self-expression. What one person finds appealing or stylish may not resonate with another. Clothing choices, piercings, and tattoos are forms of self-expression that allow individuals to showcase their personality, beliefs, and cultural influences.
These choices can be influenced by personal experiences, social and cultural factors, and individual preferences. Therefore, it is subjective and can vary greatly from person to person. Ultimately, personal adornments reflect an individual's unique taste and should be respected as a form of self-expression rather than a matter of universal judgment.
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Select all that apply Review the following statements and select the ones which accurately describe a Petty Cash fund. Select all answers which apply. Multiple select question. It is established to pay for small payments like postage, shipping fees, etc. It is used to avoid the time and cost of writing checks for small amounts. It is an account used to record small sales amounts. It is an expense reported on the income statement. It is an asset reported on the balance sheet.
Answer:
It is established to pay for small payments like postage, shipping fees, etc.
It is an asset reported on the balance sheet.
It is used to avoid the time and cost of writing checks for small amounts
Explanation:
A Petty Cash is simply any amount of cash kept on hand and used for making small payments. It is usually placed on the asset account and it account also increases on the debit side and decreases on the credit side.
The Petty Cash fund is set up with the use of the following:
1. Date
2. Debit
3. Credit
4. Source Document
Businesses promote use of Petty Cash funds due to it having some small payments for which writing a check is not time or cost effective. It is increase by replacimg or putting more money back in the petty cash box. Before putting money, an evidence of the fund being put in to the box must be complete.
Answer:
It is established to pay for small payments like low-cost supplies and shipping fees, etc.
It is an asset reported on the balance sheet.
Explanation:
first answer is incorrect
6) Your business has a large amount of debt, on which it pays an annual yield of 10%. Your business is scheduled to receive a payment of $100,000 in 30 months, and an additional $50,000 12 months after that (= 3.5 years from now). What is the present value of this future payment schedule? (In other words, what is the present value of the two payments combined?) Round to the nearest dollar.
The present value of the two payments combined is $112,645.
1. Determine the discount rate: Since the annual yield on debt is 10%, the discount rate is 0.10.
2. Convert months to years: 30 months = 2.5 years and 3.5 years for the second payment.
3. Calculate the present value of each payment:
- For the $100,000 payment: PV = 100,000 / (1 + 0.10)^2.5 = $71,477.57
- For the $50,000 payment: PV = 50,000 / (1 + 0.10)^3.5 = $41,167.43
4. Add the present values of both payments: $71,477.57 + $41,167.43 = $112,645 (rounded to the nearest dollar).
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True or false: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less.
Answer:
TrueExplanation:
Playbill magazine reported that the mean annual household income of its readers is $119,155 (Playbill, January 2006). Assume this estimate of the mean annual household income is based on a sample of 80 households and, based on past studies, the population standard deviation is known to be $30,000. [15 pts] a. Develop a 90% confidence interval estimate of the population mean. [5 pts] b. Develop a 95\% confidence interval estimate of the population mean. [5 pts] c. Develop a 99\% confidence interval estimate of the population mean.
Estimate population means annual household income using sample data, using confidence intervals at 90%, 95%, and 99%.
a. For a 90% confidence interval, we can use the formula:
Confidence interval = sample mean ± (critical value * standard error)
The critical value for a 90% confidence level is obtained from the t-distribution with degrees of freedom (n - 1).
With a sample size of 80, the degrees of freedom are 79. The standard error is the population standard deviation divided by the square root of the sample size.
b. Similarly, for a 95% confidence interval, the critical value is obtained from the t-distribution with 79 degrees of freedom.
c. For a 99% confidence interval, the critical value is obtained from the t-distribution with 79 degrees of freedom.
By plugging in the values and calculating the confidence intervals using the formulas mentioned above, we can obtain the range of the population mean at each confidence level.
In summary, confidence intervals are constructed to estimate the population's mean annual household income.
The intervals at 90%, 95%, and 99% confidence levels provide ranges within which the true population mean is likely to lie, based on the given sample data and known population standard deviation.
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true or false: when estimating income, include amounts that you can control, like bonuses and rental income. true false
The statement is true. Bonuses and rental income should be included in income estimates. These revenue sources can have a big impact on your finances, so don't disregard them while estimating.
Bonuses are typically based on your or your company's performance and fluctuate year to year. If received, they can enhance your revenue significantly. Your earning potential is more realistic when you include bonus income. Another controlled source is rental income. Income from rental homes or spare rooms helps your finances. Rental income can help with savings, spending, and other financial goals. You can better assess your financial situation by incorporating controlled income sources.
Better budgeting, planning, and financial goals are possible. When generating financial estimates, these income sources' fluctuation and hazards must be considered.
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Paris Corporation has 17,000 shares of $60 par common stock outstanding. On August 2, Paris Corporation declared a 3% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $82 per share on August 2.
Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required" and leave the amount boxes blank.
Aug. 2 Stock Dividends
Stock Dividends Distributable
Paid-In Capital in Excess of Par-Common Stock
Sept. 15 No entry required
No entry required
Oct. 8 Stock Dividends Distributable
Common Stock
Answer:
Date General Journal Debit Credit
Aug 2. Stock Dividend $41,820
(17,000 * 3% * $82)
Stock Dividend Distributable $30,600
(17,000 * 3% * $60)
Paid-in-Capital in Excess of Par- $11,220
Common stock
Sept. 15 No Entry required
Oct. 8 Stock Dividend Distributable $30,600
Common Stock $30,600
How do credit card companies make money?
O (A) Fees and interest paid by cardholders
O (B) Investing your credit card debt
O (C) Fees paid by merchants
O All of them
O A and B
O A and C
OB and C
Answer:
A and C
Explanation:
Credit card companies get their income form the following three main sources
Interest paid by cardholdersFees charged to cardholders' credit cards.transaction charges paid by merchants who accept credit cardsInterests form the bulk of income to the card companies. Typically charge interest arises when customers carry a balance from a month to the next. Fees charged include annual fees, late fees, cash advance fees, balance transaction fees, among others. Merchants usually pay a percentage for every transaction conducted via a credit card. The percentage ranges between 1% to 3 %.
Assume that the supply curve for undeveloped land is relatively inelastic. A tax levied on undeveloped land will A. fall only on the buyers of the land. B. fall mostly on the sellers and only somewhat on the buyers. C. fall equally on the buyers and sellers of the land. D. fall only on the sellers of the land. E. fall mostly on the buyers and only somewhat on the sellers.
E. A tax levied on undeveloped land will mostly fall on the buyers and only somewhat on the sellers if the supply curve for undeveloped land is relatively inelastic.
When the amount of undeveloped land available for sale is generally inelastic, it indicates that it does not alter in response to changes in the market price. If the government levies a tax on undeveloped land in this situation, the land's sellers won't be able to raise the price of the property enough to absorb the entire tax burden from the purchasers. Instead, the tax burden will ultimately fall on the purchasers, leaving the sellers with little room to raise their prices. This occurs as a result of the highly inelastic supply curve for undeveloped property and the sellers' limited ability to transfer the tax cost onto purchasers.
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Original project cost: 1808 staff-hours Original project schedule: 64.5 days Planned value: 824 staff-hours at 32 days Actual cost: 919 Earned value: 736 Current staff: 3.5 Questions: (Staff-hours and days) 1. CV 2. CPI 3. SV 4. SPI 5. Cost EAC : -183 staff-hours : 0.80 : staff-hours a) b) staff-hours staff-hours
The project is experiencing negative variances in terms of both cost (CV = -183 staff-hours) and schedule (SV = -88.5 days).
1. CV (Cost Variance): -183 staff-hours
2. CPI (Cost Performance Index): 0.80
3. SV (Schedule Variance): -88.5 days
4. SPI (Schedule Performance Index): 0.49
5. Cost EAC (Estimate at Completion): 2,298 staff-hours
1. CV (Cost Variance): CV is calculated by subtracting the actual cost from the earned value. CV = EV - AC. In this case, the earned value is 736 staff-hours, and the actual cost is 919 staff-hours. Therefore, CV = 736 - 919 = -183 staff-hours.
2. CPI (Cost Performance Index): CPI is the ratio of earned value to actual cost. CPI = EV / AC. Given that EV = 736 staff-hours and AC = 919 staff-hours, the CPI is calculated as follows: CPI = 736 / 919 = 0.80.
3. SV (Schedule Variance): SV is calculated by subtracting the planned value from the earned value. SV = EV - PV. The planned value is 824 staff-hours, and the earned value is 736 staff-hours. Hence, SV = 736 - 824 = -88.5 staff-hours.
4. SPI (Schedule Performance Index): SPI is the ratio of earned value to planned value. SPI = EV / PV. Given that EV = 736 staff-hours and PV = 824 staff-hours, the SPI is calculated as follows: SPI = 736 / 824 = 0.49.
5. Cost EAC (Estimate at Completion): The Cost EAC estimates the final project cost based on current performance. It is calculated using the formula: Cost EAC = AC + (BAC - EV), where BAC is the Budget at Completion. In this case, BAC is the original project cost, which is 1808 staff-hours. Therefore, Cost EAC = 919 + (1808 - 736) = 2,298 staff-hours.
The project is experiencing negative variances in terms of both cost (CV = -183 staff-hours) and schedule (SV = -88.5 days). The project is over budget, as indicated by a CPI of 0.80, and behind schedule, with an SPI of 0.49. The Cost EAC estimates that the project will require a total of 2,298 staff-hours to complete, based on the current performance.
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Qd = 600 – 4p – 0.03M – 12 Pr + 5T + 6Pe + 1.5N Where Qd = quantity demanded for commodity A; P = price of commodity A; M = consumer's income, Pr = price of related commodity (good ‘B'), T = consumer's taste, Pe = expected price of commodity A, N = number of buyers in the market. A. Interpret the intercept parameter in the generalized demand function. B. What is the value of the slope parameter for the price of good A? Does it have the correct algebraic sign? Why? 4. Yes since indirectly proportional. C. Interpret the slope parameter for income for income. Is good ‘A' normal or inferior? Explain. 0.03. Since Em less than 1 it is normal goods d. Are goods A and B substitutes or complements? Why? Interpret the slope parameter for the price of good B. E. Are the algebraic signs on the slope parameters for T, Pe, and N correct? Explain f. Calculated the quantity demanded for good ‘A' when P = $15, M = $25000, Pr = $40, T = 6.5, Pe = $5.25 and N = 2000? [PU 2011 spring]
Answer:
A. It implies a fixed 600 units of commodity A will always be demanded without being influenced by any factor that determine the quantity demanded for good ‘A'.
B. 4. Yes. The reason is that the price of good A is indirectly proportional to the quantity demanded for good ‘A'.
C. It implies that the quantity demanded for good ‘A' decreases by 0.03 as the consumer's income increases by $1. It is an inferior good.
d. Goods A and B are complements since the negative sign implies that the quantity demanded for good ‘A' decreases as the price of related commodity (good ‘B') (Pr) increases. The interpretation of the the slope parameter for the price of good B is that the quantity demanded for good ‘A' decreases by 12 units as the price of related commodity (good ‘B') (Pr) increases by $1.
E. Yes, the algebraic signs on the slope parameters for T, Pe, and N are correct. The reason is that quantity demanded for good ‘A' will increase as each of T, Pe, and N increases.
f. Quantity demanded for good ‘A' is 2,374.
Explanation:
A. Interpret the intercept parameter in the generalized demand function.
In the generalized demand function, 600 represents the Interpret the intercept parameter.
This implies that 600 units is a fixed units of commodity A is demanded and this is not affected by any factors that determines the quantity demanded for good ‘A'.
Therefore, it implies 600 units of commodity A will always be demanded.
B. What is the value of the slope parameter for the price of good A? Does it have the correct algebraic sign? Why? 4. Yes since indirectly proportional.
From the generalized demand function, the value of the slope parameter for the price of good A is 4.
Yes, it has a the correct algebraic sign which is a minus sign.
The reason is that the price of good 'A' is indirectly proportional to the quantity demanded for good ‘A'.
C. Interpret the slope parameter for income for income. Is good ‘A' normal or inferior? Explain. 0.03. Since Em less than 1 it is normal goods
The slope parameter for income (M) is -0.03. This implies that the quantity demanded for good ‘A' decreases by 0.03 as the consumer's income increases by $1.
It is an inferior good because the quantity demanded for good ‘A' decreases as the consumer's income increases.
d. Are goods A and B substitutes or complements? Why? Interpret the slope parameter for the price of good B.
Since the slope parameter for price of related commodity (good ‘B') (Pr) is negative (i.e. –12), this implies that goods A and B are complements.
The negative sign implies that the quantity demanded for good ‘A' decreases as the price of related commodity (good ‘B') (Pr) increases.
The interpretation of the the slope parameter for the price of good B is that the quantity demanded for good ‘A' decreases by 12 units as the price of related commodity (good ‘B') (Pr) increases by $1.
E. Are the algebraic signs on the slope parameters for T, Pe, and N correct? Explain
Yes, the algebraic signs on the slope parameters for T, Pe, and N are correct.
The reason is that quantity demanded for good ‘A' will increase as each of T, Pe, and N increases. This implies that there is a positive relationship between the quantity demanded for good ‘A' and each of T, Pe, and N.
f. Calculated the quantity demanded for good ‘A' when P = $15, M = $25000, Pr = $40, T = 6.5, Pe = $5.25 and N = 2000?
Given;
Qd = 600 – 4p – 0.03M – 12 Pr + 5T + 6Pe + 1.5N ............... (1)
Each of the value is then substituted into equation (1) and we then calculate as follows:
Qd = 600 - (4 * 15) - (0.03 * 25000) - (12 * 40) + (5 * 6.5) + (6 * 5.25) + (1.5 * 2000)
Qd = 2,374
Which two of the following are long-term sources, of finance?
A- Interest rates
B- Venture capital
C- Trade credit
D- Share capital
E- Start up costs
Answer:
the answer is B and D
an automobile manufacturer unexpectedly announces that it has hired a new chief executive officer. it is widely believed that the presence of this individual will raise the profitability of the corporation. at the same time interest rates unexpectedly rise. which of the above would tend to make the price of the stock rise?
The hiring of a new chief executive officer and the unexpected rise in interest rates both have an impact on the profitability of an automobile manufacturer. The effect of these events on the stock price of the corporation, on the other hand, is less certain.
The announcement of a new CEO is regarded favorably by most investors since it implies that the corporation is taking action to enhance its overall performance. A CEO with a good track record of improving the profitability of the corporation is frequently viewed as a positive sign by investors. A rise in the profitability of the corporation is expected if a new CEO is hired. As a result, the stock price may rise.
The effect of an unexpected rise in interest rates on the profitability of a corporation, on the other hand, is less certain. As interest rates rise, the cost of borrowing for the corporation rises, which has a negative impact on the profitability of the corporation. Investors are more hesitant to invest in a corporation that is having financial difficulties. The stock price may decrease as a result of this.
As a result, the positive effect of a new CEO on the profitability of the corporation is expected to outweigh the negative effect of rising interest rates. The stock price of the corporation may rise as a result of this. The stock price of a corporation is influenced by a variety of factors, and it is difficult to predict how it will react to any given event.
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Why do you think that agriculture and Forestry related occupation and important? Give reasons?
Answer:
These careers supply us with a multitude of food products and alternative energies, among many other important resources for sustaining our country and contribution to the world economy.
An example of a cost is _____.
revenues
principal and interest on loans
tornadoes
profits
Interest payable, income tax payable and salary payable are all examples of _______.
Those are all examples of liabilities. To be more specific, they are current liabilities. Interest payable, income tax payable, and salary payable are obligations that must be paid of within one operational cycle, thus they are just current liabilities.
Current liabilities are debts that must be paid off within a year or one operational cycle, whichever comes first. They can also be paid off using current assets or generate new current liabilities.
Analysts, accountants, and investors assess a firm's payables to determine how effectively it can fulfill its short-term financial obligations thus, the firm basically needs to generate sufficient profits and money in the immediate term to meet its debt commitments.
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A(n) is a general belief about a person or group of people that may not be true.
prestige
b culture
c. occupation
d stereotype
Answer:
Stereotype
Explanation:
Trust.
Production industries make up approximately what percentage of all small businesses?
Production industries make up approximately 19 percentage of all small businesses.
What is meant by small businesses?This is the term that is sued to refer to the business ventures such as the private buinesses, partnerships, joint ventures and sole proprietorships that have very few employees and are known to make really less revenue monthly or at the end of a period.
It has been statistically shown that Production industries make up approximately 19 percentage of all small businesses.
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Assume Levi Strauss & Company sells its jeans in a wide variety of global markets. Physical environmental factors such as climate (e. G. , heat, humidity) have influenced the types of jeans demanded and sold. For example, colder climates are well-suited for traditional length and weight jeans, while hotter climates prefer shorter and lighter weights. Likewise, differences in competitive landscapes (i. E. , amount of competition, type of competition, and intensity of competition) have influenced brand positioning: Levis is positioned as relatively expensive and prestigious in Russia yet positioned as more casual and relatively inexpensive in the United States. For Levi's, which adaptation strategy is likely most appropriate across its global markets? Group of answer choices straight extension dual adaptation product adaptation communication adaptation
The most appropriate adaptation strategy for Levi's across its global markets would be product adaptation, as it would involve modifying the product to meet the specific needs and preferences of different markets, including adapting the jeans' length, weight, and style to match varying physical environmental factors and customer preferences, and adjusting brand positioning to fit the competitive landscape and consumer preferences in different markets.
The fed has been called "the lender of last resort" because it:________
The Fed has been called "the lender of last resort" because it serves as a source of emergency funding for financial institutions when no other options are available. This role is crucial in times of financial crises or liquidity shortages, providing stability to the financial system.
As the lender of last resort, the Federal Reserve is responsible for ensuring the smooth functioning of the banking system and preventing systemic disruptions. When banks or other financial institutions face severe liquidity problems and are unable to borrow from other sources, they can turn to the Fed for short-term loans. By providing this liquidity support, the Fed helps prevent bank runs, panics, and potential systemic failures that could have severe economic consequences.
The lender of last resort function is a critical tool for the central bank to maintain financial stability and confidence in the banking system. It acts as a backstop, instilling confidence in market participants that financial institutions will have access to liquidity in times of stress. This role helps prevent contagion and allows the financial system to continue operating, minimizing disruptions to the broader economy.
In conclusion, the Fed's role as the lender of last resort ensures that financial institutions have access to emergency funding when they cannot obtain it elsewhere. By fulfilling this function, the Fed plays a vital role in maintaining the stability and functioning of the financial system during times of crises or liquidity shortages.
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Alisa is employed by Hallmark Cards, Inc., where her responsibilities include maintaining displays of greeting cards in drugstores and discount stores. Her daily activities include straightening the cards, pulling outdated or slow sellers, and installing new cards. Alisa is called a(n) specialty-line wholesaler. full-service stocker. in-store maintainer. assembler. rack jobber.
Answer: rack jobber.
Explanation:
A rack jobber is alsso called a rack merchandiser and it refers to a company or a trader that display products and also sells such products in a store.
Since the responsibilities of Alisa include displaying the greeting cards, straightening the cards, pulling outdated cards, and installing new cards, then we can infer that Alisa is a rack jobber.
After making two major sales calls, Jennifer spent time in her hotel room submitting information about the calls over the Internet to her company. Jennifer was providing information to her firm's:
When she is submitting the calls information over the Internet to her company, she is providing an information to the firm's customer relationship management system
What is customer relationship managment system?
The system called "CRM" is a firm's based system that manages the overall relationships of the firm's customers.
Hence, as she is submitting the calls information over the Internet to her company, she is providing an information to the firm's customer relationtionship managment system
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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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"Mr. Watson works as a human resources professional for an industrial governmental company called . He had a friend and colleague who is called Mr. John who also works for the same company . Mr. Sam is another employee in the company. Mr. Sam claimed that Mr. John had committed an inappropriate behaviour so Mr. Sam asked Mr. Watson to investigate this claim against Mr. John (the friend and collegue of Mr. Watson).
Based on this case and on considering "conflict of interests" probability.
a) Explain whether Mr. Watson will commit a "conflict of interests" if he does not investigate the complaint (claim).
b) Give an example of a "positive paradigm" in this case.
c) Give an example of a "negative paradigm" in this case.
d) Give 3 examples that can be neither positive paradigm nor negative paradigm. The examples should be briefly described and numbered. e) Use the "Line Drawing" method to show your observations in parts b), c). and d). (Refer to the cases in part (d) using their corresponding numbers according to how you numbered them.)
a) If Mr. Watson does not investigate the complaint against Mr. John, it can potentially create a conflict of interests.
As a human resources professional, Mr. Watson has a responsibility to ensure a fair and unbiased investigation into any claims of inappropriate behavior. b) A positive paradigm in this case could be if Mr. Watson conducts a thorough and impartial investigation into the complaint against Mr. John. c) A negative paradigm in this case could be if Mr. Watson dismisses or ignores the complaint against Mr. John without conducting a proper investigation. d) Examples that may not fit into either positive or negative paradigms: Mr. Watson recuses himself from the investigation due to his personal relationship with Mr. John. This demonstrates his awareness of the potential conflict of interests and ensures an unbiased investigation.
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It is important for the salesperson to pay close attention to the buyer's interests during the need discovery phase to:
Based on business strategy, the salesperson needs to pay close attention to the buyer's interests during the need discovery phase to "uncover the dominant buying motives."
What is the Need Discovery Phase?The need discovery phase is when firms or salespeople try to understand the motives of the consumers, their needs, and requirements.
As a salesperson, knowing why the buyer or consumer wants to buy a product will give you an edge to know how to market your products to the consumer.
Hence, in this case, it is concluded that the correct answer is "uncover the dominant buying motives."
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efficiency wages a. reduce the productivity of a firm's workers, so the firm hires fewer workers. b. raise the productivity of a firm's workers, so the firm hires more workers. c. raise the productivity of a firm's workers, so the firm hires fewer workers. d. reduce the productivity of a firms' workers, so the firm hires more workers.
Efficiency wages are wages that are higher than the market wage rate for a particular job. This means that employers pay their workers more than what they would earn elsewhere in order to increase their productivity and efficiency. The correct answer to your question is b.
The idea behind efficiency wages is that when workers are paid more, they will be more motivated to work harder and be more committed to their jobs. This, in turn, can lead to higher productivity and profits for the firm.
Efficiency wages raise the productivity of a firm's workers, so the firm hires more workers. When workers are paid more, they are more motivated to work harder and be more committed to their jobs, which can increase their productivity.
This means that the firm can produce more goods and services with the same number of workers, or it can produce the same amount with fewer workers. This can lead to cost savings for the firm, which can be passed on to consumers in the form of lower prices.
Overall, efficiency wages are a way for firms to increase productivity and profits by incentivizing their workers to work harder and be more committed to their jobs. While they may initially seem like an additional cost to the firm, the benefits of increased productivity and efficiency can outweigh the higher wage costs in the long run.
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