Answer:
office decorum
Explanation:
The term workplace decorum, in plain terms, refers to the basic collection of such rules that aim to make the workplace atmosphere a nicer environment to settle in. The term "office decorum" may make it look dense as well as packed with several implications, but in actuality it is a collection of basic instructions that you'll have to examine in an organization to work around each other.
Answer:
Professional Decorum
Explanation:
edmentum
Pharoah Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Pharoah Company Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit 101 112 $10,100 8,900 15,700 157 158 201 $7,300 4,100 2,100 47,100 208 Cash Accounts Receivable Equipment Accumulated Depreciation-Equip. Accounts Payable Unearned Rent Revenue Owner's Capital Owner's Drawings Service Revenue Rent Revenue Depreciation Expense Salaries and Wages Expense Utilities Expense 301 306 16,000 400 429 64,100 6,200 711 726 732 8,600 56,300 15,300 $130,900 $130,900 Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e... (45).) Owner's Capital No. 301 Balance Date Explanation Debit Credit July 31 July 31 July 31 Income Summary No. 350 Date Explanation Debit Credit Balance July 31 July 31 July 31 SHOW LEST OF ACCOUNTS Prepare a post-closing trial balance at July 31, PHAROAH COMPANY Post-Closing Trial Balance Debit Credit Totals
Closing entries transfer temporary account balances to Income Summary and Owner's Capital accounts. A post-closing trial balance confirms all accounts have been adjusted, and Owner's Capital balance is correct.
To post to the Owner's Capital account, we need to close the temporary accounts of Service Revenue, Rent Revenue, Depreciation Expense, Salaries and Wages Expense, and Utilities Expense. We will use the Income Summary account to do this.
First, we will transfer the balances of the temporary accounts to the Income Summary account by debiting or crediting them as necessary. Then, we will transfer the balance of the Income Summary account to the Owner's Capital account. The resulting journal entries are as follows:
Service Revenue $64,100
Rent Revenue 8,600
Income Summary $72,700
Depreciation Expense 15,300
Salaries and Wages Expense 56,300
Utilities Expense 8,600
Income Summary $80,200
Income Summary $80,200
Owner's Capital $80,200
Next, we can prepare a post-closing trial balance to ensure that all accounts have been properly adjusted and that the Owner's Capital account reflects the correct balance after closing the temporary accounts. The post-closing trial balance includes only permanent accounts and should show equal debits and credits. The resulting post-closing trial balance for Pharoah Company at July 31, 2020, is as follows:
Pharoah Company
Post-Closing Trial Balance
July 31, 2020
Debit Credit
Cash $10,100
Accounts Receivable 8,900
Equipment 16,000
Accumulated Depreciation-Equip. 4,100
Accounts Payable 2,100
Unearned Rent Revenue 400
Owner's Capital 80,200
Totals $39,100 $39,100
In summary, the process of closing the temporary accounts and transferring the balances to the Owner's Capital account results in a post-closing trial balance that only includes permanent accounts.
This helps ensure that all accounts are properly adjusted and provides an accurate representation of the company's financial position at the end of the fiscal year.
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What is an accurate definition of an interest?
something a person likes to do for fun
a way of living that shows the beliefs and opinions of a person or group of people
a priority, principle, or belief that guides a person’s life
a subject a person enjoys learning about, and would like to learn more about
Answer:
a subject a person enjoys learning about, and would like to learn more about
Explanation:
Something of Interest is anythings that draws a person's attention. It is something that evokes emotions, desires, concerns, and curiosity. A person interested in something or someone will invest time and resources to learn them more, understand, and spend time with them.
Interest is a feeling of getting attracted or being drawn towards a particular subject or person. For example, her interests are in math and sciences.
Answer:
D
Explanation:
plz give me brainliest
edge2020
assume you will receive $3,000 every year for 3 years, and the appropriate interest rate is 6% per year. what is the present value of this series of cash inflows?
The present value of this series of cash inflows is $2,823.51. The present value of a series of cash flows is the sum of the present values of each cash flow.
To calculate the present value, we need to calculate the present value of each cash flow and then add them together. The present value of one cash flow is equal to the future cash flow divided by (1+r)^n, where r is the interest rate and n is the time period. In this case, each cash flow is $3,000 and the interest rate is 6% per year. So the current value is: $3,000/(1+0.06)^1 + $3,000/(1+0.06)^2 + $3,000/(1+0.06)^3 = $2,823.51. This means that if you were to receive the cash flows today instead of over the next three years, the total value would be $2,823.51.
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Select one firm of your choice (Waimart. McDonald's, your local store etc). Provide 3 examples of implicit and explicit costs they are facing. State whether each example is a fixed cost and variable cost.
Discuss how you think your firm decides the prices of goods and services they sell Do you think your firm earns more profit than competitive firms?
Does your firm seems to have a higher market power compared to the competitors? What are the reasons you think they have (or do not have) the market power? (For now, think about market power as the ability to charge higher prices than competifors. Far enampli your local restaurants burger can chorge 530 while all other restourants in the area sell burgers at $5)
What is the market structure of the industry that your company belongs to (i.e. Walmart belongs to the retail industry). Provide your reasoning
One firm that we will consider for this analysis is Walmart. Walmart faces both implicit and explicit costs in its operations.
Examples of implicit costs include the opportunity cost of using company-owned land for its stores instead of selling or leasing it to others, the opportunity cost of management's time and effort spent on
Walmart rather than other ventures, and the implicit cost of using the company's own capital instead of investing it elsewhere. These implicit costs are not easily quantifiable and are often subjective.
On the other hand, explicit costs are actual monetary expenses incurred by Walmart. Examples of explicit costs include employee wages and salaries, raw material costs for products sold, rent or lease payments for store locations, marketing and advertising expenses, and utilities.
Some of these costs, such as employee wages and salaries, may vary with the level of output and are considered variable costs. Others, like rent payments and utilities, are fixed costs that do not directly vary with output.
When it comes to pricing decisions, Walmart uses a combination of factors. They employ a low-cost strategy, aiming to offer goods and services at competitive prices to attract a large customer base.
Walmart's pricing decisions are based on a thorough analysis of market demand, competitors' pricing strategies, supplier costs, and internal cost structures.
They leverage economies of scale and efficient supply chain management to negotiate lower prices with suppliers, allowing them to offer competitive prices to consumers.
As for profitability, Walmart is known for its ability to generate substantial profits. Its scale, operational efficiency, and bargaining power with suppliers contribute to its profitability.
Walmart's market power stems from its large market share, extensive distribution network, and brand recognition. It can leverage its market power to negotiate favorable terms with suppliers, obtain volume discounts, and attract customers through lower prices.
While it faces competition from other retailers, Walmart's market power and cost leadership position give it an advantage in earning higher profits compared to many of its competitors.
In terms of market structure, Walmart operates in the retail industry. The retail industry is characterized by a large number of buyers and sellers, indicating a competitive market structure.
However, Walmart's dominant market position and market power make it more akin to an oligopoly within the retail industry. Walmart's significant market share and ability to influence prices differentiate it from smaller competitors, giving it a stronger market position and higher market power.
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A new business has total sales of $14,000, applied $1,350 in merchandise discounts, and had returns of $234. Calculate the business's total net sales.
Answer:
$12,416
Explanation:
Applied merchandise discounts mean discounts issued.
The net sales will be total sales minus merchandise discounts applied minus returns.
Net sales = total sales - ( discounts + returns)
Net sales = $14,000 - ( $1,350 + $234)
Net sales = $14,000 - $1,584
Net sales = $12,416
A firm must know its competitors' ________ in order to best set its own. Multiple choice question. prices revenues demand differentiators
A firm must know its competitors' prices in order to best set its own. Option a is answer.
Knowing its competitors' prices is crucial for a firm to effectively set its own pricing strategy. Understanding the price points at which competitors are offering similar products or services helps a firm determine the optimal pricing that aligns with market dynamics. By analyzing competitors' prices, a firm can position itself competitively, whether by offering lower prices to attract price-sensitive customers, matching competitors' prices, or differentiating itself through higher prices based on unique value propositions. Ultimately, this knowledge enables a firm to make informed decisions and remain competitive in the marketplace.
Option a is answer.
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On a personal level, as you begin looking for a job after you graduate, it will be critical for you to know how to
A) market value
B) communicate value.
C) deliver value
D) forecast value
E) explain value
Answer:
B) communicate value.
Explanation:
Employees are a cost to employers. An employer will consider hiring a new employee if they are convinced that the benefits from the employee outweigh the costs.
A fresh graduate will have to convince a potential employer that they are worth being hired. The graduates need to communicate the value they shall add to the business. The ability to communicate one's value is critical for a successful job hunting mission.
22.the project cost management knowledge area maps to which process group through the activities of estimating costs and budget determination?
The project cost management knowledge area maps to the planning process group through the activities of estimating cost and budget determination.
Project cost management is the process of estimating, budgeting, and controlling costs throughout a project. The objective is to keep the project's expenditures within budget until it's completed.
There are five types of cost in project cost management:
Direct cost, is cost that is linked to the work project directly.Indirect cost, is the cost that is not linked to the work project directly but is the cost of doing the overall business.Fixed cost, is the cost of every stuff that's a one-time charge.Variable cost, is cost of stuffs that changes with the length of project.Sunk cost, is cost that have already been incurred.Learn more about budgeting at https://brainly.com/question/24940564
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Which of the following is an example of marginal cost?
A
the amount of time Cindy gives up studying to mow lawns
B
the amount of time it takes Cindy to mow one additional lawn
с
the amount of time Cindy spends gathering resources to mow lawns
D
the amount of time Cindy spends mowing the lawns of all her clients
Answer:
B
Explanation:
An example of marginal cost is the amount of time it takes Cindy to mow one additional lawn. Thus, the correct answer is option B.
What is marginal cost?The marginal cost in economics is the change in total production cost that results from making or producing one additional unit. Divide the change in production costs by the change in quantity to calculate marginal cost. Marginal cost is an economics and managerial accounting concept most used often among manufacturers as a means of isolating an optimum production level.
The goal of marginal cost analysis is to determine when an organization can achieve economies of scale in order to optimize production and overall operations. If the marginal cost of producing one additional unit is less than the per-unit price, the producer may profit.
Therefore, the amount of time it takes Cindy to mow one additional lawn is the marginal cost.
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a downward-sloping demand curve implies: buyers are willing to buy less when prices are lower. there is no relationship between price and quantity demanded. there is an inverse relationship between price and quantity demanded. there is a positive relationship between price and quantity demanded.
The slope of the demand curve (lower right) shows that higher quantities are demanded at lower prices. On the other hand, the slope of the supply curve (top right) indicates that producers are willing to produce more goods when prices rise.
A demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded over a period of time. In normal view, the price is displayed in the left corner.
As mentioned above, the general shape of the demand curve is that it is sloping. The demand curve for most, if not all, commodities follows this principle. There are rare examples of commodities with upward demand curves. Goods with a sloped demand curve are called Giffen goods.
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On July 1 of the current year, Bertram acquired a 25 percent interest in Sycamore Company, a partnership, by contributing property with an adjusted basis of $7,000 and a fair market value of $12,000. The property was subject to a mortgage of $8,000, which was assumed by Sycamore Company. What is Bertram's basis in his partnership interest in Sycamore Company immediately after the partnership contribution?a.$12,000b.$1,000c.$7,000d.$0e.None of these choices are correct2-Phil and Bill each own a 50 percent interest in P&B Interests. P&B Interests has ordinary income for the year of $35,000 before guaranteed payments to Phil. If Phil receives guaranteed payments of $20,000 during the tax year, what is the total income or loss that should be reported by Bill from the partnership for this tax year?a.$7,500 incomeb.$25,000 incomec.$5,000 incomed.$30,000 incomee.None of these choices are correct.3-Jamie decides to contribute cash and property to a partnership she and her friends started. She contributes a building worth $260,000 that has an adjusted basis of $100,000 and she also contributes $40,000 in cash. What is her basis in the partnership?a.$300,000b.$100,000c.$140,000d.$260,000e.None of these choices are correct.
Answer: See explanation
Explanation:
A. What is Bertram's basis in his partnership interest in Sycamore Company immediately after the partnership contribution?
= Bertram share % × (Fair market value - Mortgage)
= 25% × ($12000 - $8000).
= 25% × $4000
= 0.25 × $4000
= $1000
2. The total income or loss that should be reported by Bill from the partnership for this tax year will be:
= 50% × ($35000 - $20000)
= 50% × $15000
= $7500
3. Jamie basis in the partnership will be:
Building = $260000
Add: Cash contribution = $40000
Total = $300000
Predict Consequences When the economy is
expanding, which of the following is a business
MOST likely to do?
A. close its international branches
B. lay off employees
C. invest in new equipment
D. cancel new product development
The correct option is C.
When the economy is expanding, the business invests in new equipment.
What happens during an expansion in the economy?Expansion, in economics, is an upward trend in the business cycle, characterized by an increase in production and employment, which in turn causes an increase in the incomes and spending of households and businesses.
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Time Left:0:39:31
Question 3 (1 point)
Listen
Ayden Marie Lochner: Attempt 1
Amgen, the largest biotechnology company in the world, donates millions of dollars
annually to raise the value of science literacy in the community and attract bright
young minds into the field of science. Since Amgen, as an employer would benefit
from this philanthropy, it would be characterized as strategic giving.
True
False
Question 4 (1 point)
4) Listen
Amgen, the largest biotechnology company in the world, donates millions of dollars annually to raise the value of science literacy in the community and attract bright young minds into the field of science. Since Amgen, as an employer would benefit from this philanthropy, it would be characterized as strategic giving. This statement is True.
Biotechnology is the application of biology to problem-solving and product-making processes. The most popular method is genetic engineering, which enables researchers to change an organism's DNA as they see fit.
In order to apply organisms, cells, their components, and molecular counterparts to create goods and services, biotechnology integrates natural sciences and engineering sciences. Károly Ereky used the word "biotechnology" in 1919 to describe the utilization of living organisms in the creation of goods from raw materials.
The term "biotechnology" refers to a broad range of techniques used to alter living things for human benefit. These techniques date back to the domestication of animals and the cultivation of plants, as well as "improvements" made to them through breeding programs that use artificial selection and hybridization. Along with cell and tissue culture technology, modern applications now include genetic engineering.
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who benefits form medicare taxes?
Answer: The Medicare tax rate is 1.45% of an employee's gross income. The Medicare tax, which is a charge on both employers and employees, is paid by both.
elliott's cross country transportation services has a capital structure with 30% debt at a 9% interest rate. its beta is 1.6, the risk-free rate is 4%, and the market risk premium is 7%. elliott's combined federal-plus-state tax rate is 25%
To determine Elliott's cost of equity, we can use the capital asset pricing model (CAPM). The formula for CAPM is as follows:
Cost of Equity = Risk-Free Rate + Beta * Market Risk Premium
Risk-Free Rate = 4%
Beta = 1.6
Market Risk Premium = 7%
Using the given values, we can calculate the cost of equity:
Cost of Equity = 4% + 1.6 * 7%
Cost of Equity = 4% + 11.2%
Cost of Equity = 15.2%
Next, we can calculate the after-tax cost of debt. The formula for the after-tax cost of debt is as follows:
After-Tax Cost of Debt = Pre-Tax Cost of Debt * (1 - Tax Rate)
Pre-Tax Cost of Debt = 9%
Tax Rate = 25%
After-Tax Cost of Debt = 9% * (1 - 25%)
After-Tax Cost of Debt = 9% * 0.75
After-Tax Cost of Debt = 6.75%
To calculate the weighted average cost of capital (WACC), we need to determine the weights of debt and equity in the capital structure. Given that the debt is 30% and the equity is therefore 70%, we can calculate the WACC as follows:
WACC = (Weight of Debt * After-Tax Cost of Debt) + (Weight of Equity * Cost of Equity)
WACC = (30% * 6.75%) + (70% * 15.2%)
WACC = 2.025% + 10.64%
WACC = 12.665%
Therefore, Elliott's weighted average cost of capital (WACC) is approximately 12.665%. This value can be used as a benchmark to assess the financial feasibility of potential projects or investments for the company.
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Buying or selling stock is
saving
investing
Otrading
Odiversifying
Answer:
Trading
Explanation:
1. Saving is saving funds to invest in stocks.
2.
Buying stock is an investment.
3. Trading - meaning buying or selling any stock shares you own is trading.
Which describes a situation of scarcity?
Answer:
Scarce natural resources make it more difficult for producers to keep up with demand.
Explanation:
pa brainlest na din po
Answer:
"Scarce natural resources make it more difficult for producers to keep up with demand"
ABSOLUTE SCARCITY EXAMPLES INCLUDE: ... Coal is used to create energy; the limited amount of this resource that can be mined is an example of scarcity. A day has an absolute scarcity of time, as you cannot add more than 24 hours to its supply. Those without access to clean water experience a scarcity of water
During his speech, Hank strives to explain his competence, establish common ground with his audience, and speak with conviction. What is Hank appealing to
Hank's appeals to competence, common ground, and conviction are strategies aimed at establishing his credibility, connecting with his audience, and influencing their perception and acceptance of his message.
Competence: Hank aims to establish his competence by showcasing his knowledge, expertise, and experience on the subject matter. By demonstrating his understanding and mastery of the topic, he seeks to gain credibility and trust from his audience. This appeal to competence helps to establish him as a reliable and knowledgeable speaker.
Common Ground: Hank recognizes the importance of establishing common ground with his audience. He aims to find shared values, beliefs, or experiences that resonate with his listeners.
By doing so, he creates a sense of connection and rapport, making it easier for his audience to relate to his message. This appeal to common ground helps to build a bridge between Hank and his audience, enhancing their receptiveness to his ideas.
Conviction: Hank speaks with conviction, displaying strong belief and passion in his words. By expressing his ideas confidently and assertively, he aims to convey sincerity and persuade his audience. Speaking with conviction helps to captivate and engage the listeners, instilling a sense of enthusiasm and conviction in them as well.
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define finance education for class 8
The best way to improve your skills is through ______
It is important to evaluate your message for essential elements and writing style. What do you want your message to convey to your audience? Check all that apply. Ability to limit words with use of technology Bluntness Purpose Clarity Superiority How should you view critical comments on a written document? O As a way to identify areas where you can replace written words with vis alds A O As a way to identify areas where your audience lacks understanding O As a way to incorporate simple, trite phrases O As a way to identify weaknesses in your writing
The best way to improve your skills is through practice and feedback.
It is important to evaluate your message for essential elements and writing style. To convey your message effectively to your audience, you should consider the following elements: purpose, clarity, and the ability to limit words with the use of technology.
Bluntness, superiority, and incorporating simple, trite phrases are not as important in effective communication.
You should view critical comments on a written document as a way to identify weaknesses in your writing. This helps you understand where improvements can be made, leading to better communication skills and overall writing improvement.
self-assessment helps to improve your writing skills.
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The marketing mix element where most of a firm's communications with the marketplace occur is called
Promotion is an element of the marketing mix where most of a company's communications with the market and potential consumers take place.
What is the Marketing Mix?It is a set of factors that combined will help a company to implement strategies that will increase its competitiveness and positioning in the market. The four factors, or the 4Ps are:
ProductPricePlacePromotionTherefore, promotion is the element through which the company will attract customers through communication in order to make sales and increase brand recognition.
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4. Determine the importance of environment conservation from the business viewpoint
Answer:
Economic expansion is not what is causing the climate crisis; rather, the lack of effective public policy meant to lower greenhouse gas emissions is to blame. As long as regulations are in place to limit the environmental effects of the goods and services we produce and use, there is no conflict between capitalism and environmental protection. With those regulations in place, consideration for environmental sustainability can and will be factored into every decision made by the private, nonprofit, and governmental organizations from which we all benefit.
The sustainability of the environment is not affected in the same way by all consumption patterns. The emergence of more sustainable lifestyles can be seen in consumption trends. Young Americans, for instance, don't seem as interested in buying cars as their parents and older siblings did. The advancement of the mobile phone has made ride-sharing, bike-sharing, and other transit options possible.
However, taking an Uber or driving your own car are both considered economic activities for the purposes of calculating GDP. These consumption patterns are typically not the subject of policymaking because they are quite influenced by shifting social norms than by governmental action. The only exceptions might be behavior that directly harms other people, like drinking and driving or smoking in public. New technologies can also lessen the impact of consumption on the environment.
Ironically, some environmentalists and some deniers of global warming share the view that environmental protection and economic growth must be compromised. Both can and must be done. Because most people in the developed world enjoy their way of life and won't give it up, we cannot stop investing in economic development. Environmental advocates will fail politically if they make such a request.
Explanation:
Political and business leaders may not care if economic growth harms the environment, and environmentalists may disagree, contending that neither economic growth nor environmental harm can coexist.
Even by itself, environmental protection promotes economic expansion. The air pollution control technologies we install on power plants and automobiles are made and sold by a third party. Additionally, environmental amenities are valuable.
A safety equipment salesperson calling on a prospect for the first time should try to schedule an appointment with the focus of _____, a person who will listen to the salesperson and provide valuable information about the types of equipment that the company needs.
Answer:
receptivity
Explanation:
When dealing with business to business sales, a salesperson has to focus on contacting the right person in the company that will be open and interested on what he/she is offering and that has the knowledge and will be able to give information about the needs they have so the salesperson can offer what the right solution and provide value to them to have the opportunity to close a sale. According to this, the answer is that a safety equipment salesperson calling on a prospect for the first time should try to schedule an appointment with the focus of receptivity which refers to be willing to receive information that is what the salesperson needs from the prospect.
The three largest manufacturers of telecommunications wire conspired together so that all three firms would charge the same price for coaxial cables. This is an example of
When companies conspire together to charge the same price for a product, it is an example of price fixing.
What is price fixing?It is an agreement established between companies with the objective of controlling the price levels of a product or service, which can influence the increase, decrease and stabilization of the price. This is an illegal strategy that can generate inflation and market monopolization.
Therefore, price fixing must be fought by antitrust laws, as this action does not serve the interests of consumers, increases entry barriers and disturbs the normality of supply and demand.
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Tom is selling his home. he has looked everywhere and cannot find his original deed. how will the title company solve this problem?
The title company solve this problem the copy copy from county records.
What is the another word for problem?Some common synonyms of problem are enigma, mystery, puzzle, and riddle. While all these words mean "something which baffles or perplexes," problem applies to a question or difficulty calling for a solution or causing concern.
What is problem and example?The definition of a problem is something that has to be solved or an unpleasant or undesirable condition that needs to be corrected. An example of a problem is an algebra equation. An example of a problem is when it is raining and you don't have an umbrella
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question modemultiple choice questionwhich component of the marketing plan allows a company to understand information about its current business and then make strategic decisions about how to best move forward?multiple choice question.executive summaryfinancialsfeedbackmission statementsituation analysis
Product, pricing, promotion, and site are the four primary themes included in the marketing section of a company strategy.
The four Ps are a "marketing mix" that includes four crucial elements for selling a good or service: product, pricing, place, and promotion. When businesses create marketing plans and strategies to reach their target audience, they frequently consider the four Ps.
The marketing plan outlines the approach a company will take to advertise its items to customers. The strategy identifies the target market, the value proposition of the brand or product, the campaigns to be launched, and the metrics to be used to assess the performance of marketing initiatives.
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Your cousin has just graduated from college and is starting her search for an apartment to rent. What are three steps you think she should take during her search?
When a person lives in a house or apartment of another person or the tenant on a contract basis is called rent.
The three steps that she should take during the rental apartment search is:
She should first know her location and the area very well. The location of the apartment matters for safety as well as convenient purposes. Secondly, she should know her budget well. Budgeting is very important as she is just a graduate and should filter the search accordingly.Lastly, the information about the owner or tenant must be known as it will help in the lease issues and will keep away from illegal problems.In these ways, she could search for the apartment.
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What levels of risk does investing in the stock generally carry
medium
medium, high,
low, high
or low?
Low, high levels of risk does investing in the stock generally carry. Over the long term, stocks have the highest potential for growth for investors. Investors who have chosen to hold onto stocks for an extended length of time—say let's 15 years.
Typically been rewarded with robust, profitable returns. Utilize your associated banking account to open a risk and trading account. Access that trading account. Choose the shares you want to purchase or sell. Make sure you have the necessary investing funds in your account to purchase the shares stocks. taking dividends in— Many stocks distribute dividends, which are based on the company's earnings per share.
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the use of someone else's money with the agreement to pay it back later is called
The use of someone else's money with the agreement to pay it back later is called borrowing.
Borrowing refers to the act of obtaining funds from a lender or creditor with the understanding that the borrowed amount will be repaid over time, usually with interest. It is a common practice in personal and business finance when individuals or organizations require additional funds to finance various activities, such as investments, purchases, or operating expenses. Borrowing can take different forms, including loans, credit cards, lines of credit, and other types of credit arrangements.
When borrowing, borrowers enter into a contractual agreement with the lender, outlining the terms and conditions of the loan, including the repayment schedule, interest rate, and any applicable fees. It is important to carefully manage and plan borrowing activities to ensure the ability to repay the borrowed amount and to maintain a healthy financial position.
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Art Medical Devices and Braun Engineering are both manufacturers of heart implants that can create artificial hearts or pacemakers each fiscal year. The following table describes their maximum outputs per year. Use this table to answer the next three questions. Artificial Hearts Pacemakers
Art 4 600
Braun 2 200
A. (3 pts) What is Art's opportunity cost of a pacemaker? a. 1/150 artificial heart b. I/100 artificial heart c. 1/3 artificial heart d. 100 pacemakers e. 150 pacemakers B. (3 pts) Based on the table, do Art or Braun have a comparative advantage?
a. Yes, Art has a comparative advantage in both pacemakers and artificial hearts. b. Yes, Braun has a comparative advantage in both pacemakers and artificial hearts. c. Yes, Art has a comparative advantage in artificial hearts, and Braun has a comparative advantage in pacemakers. d. Yes, Art has a comparative advantage in pacemakers, and Braun has a comparative advantage in artificial hearts. e. No, neither has a comparative advantage.
The correct answer is: c. Yes, Art has a comparative advantage in artificial hearts, and Braun has a comparative advantage in pacemakers.
A. The opportunity cost of a pacemaker for Art is 1/150 artificial heart. The opportunity cost is defined as the value of the best alternative foregone in order to undertake a certain action or invest in a certain venture. B. The comparative advantage is the capability of a party to produce a particular good or service at a lower marginal and opportunity cost than another. Art has a comparative advantage in producing artificial hearts, while Braun has a comparative advantage in producing pacemakers. Therefore, the correct answer is: c. Yes, Art has a comparative advantage in artificial hearts, and Braun has a comparative advantage in pacemakers.
Learn more about Pacemakers here,What is a pacemaker pocket revision?
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