Question Completion:
Record the adjustments.
Answer:
Whispering Winds Company
1. Debit Interest Expense $464
Credit Interest Payable $464
To record the interest expense for 4 months.
2. Debit Supplies Expense $1,798
Credit Supplies $1,798
To record supplies expense for the year.
3. Debit Depreciation Expense - Equipment $1,160
Credit Accumulated Depreciation - Equipment $1,160
To record the depreciation expense for the year.
4. Debit Insurance Expense $1,421
Credit Prepaid Insurance $1,421
To record insurance expense for 7 months.
5. Debit Unearned Revenue $8,700
Credit Service Revenue $8,700
To record service revenue earned for December.
6. Debit Accounts Receivable $4,872
Credit Service Revenue $4,872
To record service revenue earned for December.
7. Debit Salaries Expense $6,264
Credit Salaries Payable $6,264
To accrue unpaid salaries for 3 days.
Explanation:
a) Data and Calculations:
Account balances on December 31, 2022:
Accounts Receivable $ 0
Accumulated Depreciation-Equipment 0
Equipment 8,120
Interest Payable 0
Notes Payable 11,600
Prepaid Insurance 2,436
Salaries and Wages Payable 0
Supplies 2,842
Unearned Service Revenue 34,800
b) Interest expense = $11,600 * 12% * 4/12
c) Supplies expense = $2,842 - 1,044 = $1,798
d) Insurance expense = $2,436 * 7/12 = $1,421
e) Service Revenue = $34,800 * 1/4 = $8,700 with the balance as Deferred Revenue.
f) Salaries expense for 3 days = $10,440 * 3/5 = $6,264
Which of the outlines a danger of using credit, if you are not careful?
A) When you use a credit card, the money is taken directly from your bank account.
B) If you use a debit card, it is easy to run up huge debts.
C) When you use a debit card, you do not have to pay sales tax.
D) If you use a credit card, it is easy to run up huge debts.
Answer: D) If you use a credit card, it is easy to run up huge debts.
Explanation: Option D) "If you use a credit card, it is easy to run up huge debts" highlights the risk of utilizing credit if you are not attentive. If you use credit cards to borrow money, you must repay it with interest, and if you are not careful with your spending, you risk building up a sizable debt that may be challenging to repay. It is vital to use credit responsibly and only borrow what you can afford to pay back in a timely way.
Coast-to-Coast Shipping Company's general manager reports quarterly to the
company president on the firm's operating performance. The company uses a
budget based on detailed expectations for the forthcoming quarter. The general
manager has just received the condensed quarterly performance report shown
below.
Budget Actual Variance
Net revenue $8,000,000 $7,600,000 $400,000 U
Fuel $160,000 $157,000 $3,000 F
Repairs and maintenance 80,000 78,000 2,000 F
Supplies and miscellaneous 800,000 788,000 12,000 F
Variable payroll 5,360,000 5,200,000 160,000 F
Total variable costs* $6,400,000 $6,223,000 $177,000 F
Supervision $160,000 $164,000 $4,000 U
Rent 160,000 160,000 ___
Depreciation 480,000 480,000 ___
Other fixed costs 160,000 158,000 2,000 F
Total fixed costs $960,000 $962,000 $2,000 F
Total costs charged against Revenue $7,360,000 $7,185,000 $175,000 F
Operating income $640,000 $415,000 $225,000 U
U = Unfavorable F = Favorable
*For purposes of this analysis, assume that all these costs are totally variable with respect to sales
revenue. In practice, many are mixed and have to be subdivided into variable and fixed components
before a meaningful analysis can be made. Also assume that the prices and mix of services sold remain
unchanged.
Although the general manager was upset about not obtaining enough revenue, she was happy that her
cost of performance was favorable; otherwise her net operating income would be even worse.
The president was totally unhappy and remarked: "I can see some merit in comparing actual
performance with budgeted performance because we can see whether actual revenue coincided with our
best guess for budget purposes. But I can't see how this performance reports helps me evaluate cost
control performance."
Required:
1. Prepare a columnar flexible budget for Coast-to-Coast Shipping at revenue levels of $7,000,000;
$8,000,000; and $9,000,000. Assume that the prices and mix of products sold are equal to the budgeted
prices and mix.
2. Express the flexible budget for costs in formula form.
3. Prepare a condensed table showing the master (static) budget variance, the sales volume variance,
and the flexible budget variance
1. Columnar Flexible Budget:
$7,000,000 $8,000,000 $9,000,000
Net Revenue $7,000,000 $8,000,000 $9,000,000
Fuel $140,000 $160,000 $180,000
Repairs and Maintenance $70,000 $80,000 $90,000
Supplies and Miscellaneous $700,000 $800,000 $900,000
Variable Payroll $4,690,000 $5,360,000 $6,030,000
Total Variable Costs* $5,600,000 $6,400,000 $7,200,000
Supervision $140,000 $160,000 $180,000
Rent $160,000 $160,000 $160,000
Depreciation $480,000 $480,000 $480,000
Other Fixed Costs $160,000 $160,000 $160,000
Total Fixed Costs $940,000 $960,000 $960,000
Total Costs $6,540,000 $7,360,000 $8,160,000
Operating Income $460,000 $640,000 $840,000
2. Formula for Flexible Budget Costs:
Total Variable Costs = (Variable Cost per Unit * Net Revenue) + Total Fixed Costs
3. Condensed Table:
Variance Master (Static) Budget Sales Volume Variance Flexible Budget Variance
Net Revenue $400,000 UF $0 $200,000 UF
Total Costs $175,000 F $0 $50,000 F
Operating Income $225,000 U $0 $150,000 U
The Master (Static) Budget Variance is the difference between the budgeted net revenue and the actual net revenue. In this case, it is an unfavorable variance of $400,000.
The Sales Volume Variance is the difference between the flexible budget net revenue and the budgeted net revenue. Since there is no change in the sales volume, this variance is zero.
The Flexible Budget Variance is the difference between the flexible budget total costs and the actual total costs. In this case, it is a favorable variance of $50,000. This indicates that the company was able to control costs better than anticipated.
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Identify the function in the organisation you have chosen
Answer:
Determination of activities,
Grouping of activities,
Allotment of duties to specified persons,
Delegation of authority,
Defining relationships, and.
The co-ordination of various activities.
If your apartment catches on fire and you have renters insurance, the insurance company will likely pay all of these EXCEPT...
A) The cost of replacing damaged sections of the roof and any broken windows
B) The cost of replacing any items inside the apartment that completely burned in the fire
C) The cost of replacing items ruined by water as firefighters put out the fire
D) The cost of your hotel room for a week while your apartment is cleaned up
Answer:
d
Explanation:
because its not really their job to find u a temporary place to live while they get ur apartment fixed
If your apartment catches on fire and you have renters insurance, the insurance company will likely pay all of these EXCEPT The cost of your hotel room for a week while your apartment is cleaned up. Thus the correct option is D.
What is Insurance?A contract in which an individual or organization pays a premium to an insurance firm in exchange for protection against future financial losses is termed Insurance.
A type of insurance named Renters insurance is designed to protect renters from economic harm that may occur as a result of either harm to their personal belongings or liability for harm or injury they have caused to others.
Renters' insurance is often less expensive than other types of insurance, and it is frequently required by renters as an integral part of renting a property. It can give tenants peace of mind as well as financial security.
Therefore, option D is appropriate.
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Ray presents information about the office supplies his company sells to a
business owner. The business owner seems interested, however, when Ray
ask her to commit to a purchase, she is hesitant and says her budget was
recently cut. Which of the following would be an effective way to handle the
customer's objections?
A. Provide a solution to this objection, such as offering a discount for
a year-long contract on office supplies.
B. Agree to check back with the business owner in six months to see
if her financial situation has changed.
C. Push the business owner to accept your offer, and don't back
down until you have a commitment.
D. Accept the that the business owner can't afford your office
supplies and move on to the next sale.
SUBMIT
The effective way to handle the customer's objections providing a solution to the objection.
Thus, the correct option is A.
What is a customer objection?Customer objections are the reservations a potential customer has that, at best, lead them to delay and, at worst, lead them to forego making an online purchase. People want to be certain they are buying a quality item.
Customer care refers to how well a business treats its clients and forges an emotional bond with them. Everyone on the team, not just a customer success manager or a customer service person, should be able to handle it.
Simply listening is the greatest way to do this. To understand the root of the client's distrust, pay attention to both what they say and what they choose to leave unsaid.
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Having a great credit score will make it easier for you to
get into a better educational institution.
TRUE
FALSE
Discuss the priority of charges whenever a company needs to pay off all of its creditors’ debts
Holloway Company earned $6,800 of service revenue on account during Year 1. The company collected $5,780 cash from accounts receivable during Year 1. Required Based on this information alone, determine the following for Holloway Company. (Hint: Record the events in general ledger accounts under an accounting equation before satisfying the requirements.) (Enter any decreases to account balances with a minus sign.) a. The balance of the accounts receivable that would be reported on the December 31, Year 1, balance sheet. b. The amount of net income that would be reported on the Year 1 income statement. c. The amount of net cash flow from operating activities that would be reported on the Year 1 statement of cash flows. d. The amount of retained earnings that would be reported on the Year 1 balance sheet.
The further discussion can be defined as follows:
For point A:Calculated to use this formulation is the account receivable
reported on the balance sheets
Using formula:
Admissible Accounts
For point B:The reported net income is revenue from services of \(\$18,000\)
For point C:The reported net cash flow from operations is \(\$14,000\) in
cash from accounts receivables in 1 year.
For point D:Reclaimed revenues are \(\$18,000\) representing the amount of net
income transferred to the retained income account.
So, the final answer is "$4,000, $18,000, $14,000, and $18,000".
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Within the organization, the use of formal committees, training, and codes of conduct help to ensure standards of
A. ethical compliance.
B. legal compliance.
C. philanthropic giving.
D. social responsibility.
E. organizational leadership.
Within the organization, the use of formal committees, training, and codes of conduct help to ensure standards of ethical compliance.
What is ethical compliance?Ethical compliance is the ability of an individual or employee to act according to companies code of conduct.
Trainings are usually conducted for newly recruited employee.
Therefore, Within the organization, the use of formal committees, training, and codes of conduct help to ensure standards of ethical compliance.
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The heat from warm river waters draining into the Arctic Ocean is contributing to the melting of Arctic sea ice each summer, a new NASA study finds. the summer of 2012. They observed a sudden influx of warm river waters into the sea that rapidly warmed the surface layers of the ocean, enhancing the melting of sea ice. A paper describing the study is now published online in the journal Geophysical Research Letters.
—"Warm Rivers Play Role in Arctic Sea Ice Melt,"
NASA
Which details should be included in a summary about the passage?
A research team led by Son Nghiem of NASA's Jet Propulsion Laboratory in Pasadena, Calif., used satellite data to measure the surface temperature of the waters discharging from a Canadian river into the icy Beaufort Sea during
Check all that apply. Warm water is melting the Arctic Sea ice. The research team is led by Son Nghiem. The sudden flow of warm waters into the sea are rapidly warming the ocean's surface. A paper describing the study can be found online. The journal is called Geophysical Research Letters.
Answer:
a and c
Explanation:
Annual starting salaries for college graduates with degrees in business administration are generally expected to be between 10000 and 50000. Assume that a 95 confidence interval estimate of the population mean annual starting salary is desired
Answer:
1) the planning value for the population standard deviation is 10,000
2)
a) Margin of error E = 500, n = 1536.64 ≈ 1537
b) Margin of error E = 200, n = 9604
c) Margin of error E = 100, n = 38416
3)
As we can see, sample size corresponding to margin of error of $100 is too large and may not be feasible.
Hence, I will not recommend trying to obtain the $100 margin of error in the present case.
Step-by-step explanation:
Given the data in the question;
1) Planning Value for the population standard deviation will be;
⇒ ( 50,000 - 10,000 ) / 4
= 40,000 / 4
σ = 10,000
Hence, the planning value for the population standard deviation is 10,000
2) how large a sample should be taken if the desired margin of error is;
we know that, n = [ ( × σ ) / E ]²
given that confidence level = 95%, so = 1.96
Now,
a) Margin of error E = 500
n = [ ( × σ ) / E ]²
n = [ ( 1.96 × 10000 ) / 500 ]²
n = [ 19600 / 500 ]²
n = 1536.64 ≈ 1537
b) Margin of error E = 200
n = [ ( × σ ) / E ]²
n = [ ( 1.96 × 10000 ) / 200 ]²
n = [ 19600 / 200 ]²
n = 9604
c) Margin of error E = 100
n = [ ( × σ ) / E ]²
n = [ ( 1.96 × 10000 ) / 100 ]²
n = [ 19600 / 100 ]²
n = 38416
3) Would you recommend trying to obtain the $100 margin of error?
As we can see, sample size corresponding to margin of error of $100 is too large and may not be feasible.
Hence, I will not recommend trying to obtain the $100 margin of error in the present case.
The annual dividend rates for a random sample of 16 companies in three different industries, utilities, banking, and insurance, were recorded. The ANOVA comparing the mean annual dividend rate among three industries rejected the null hypothesis that the dividend rates were equal. The mean square error (MSE) was 3.36. The following table summarized the results:
Utilities Banking Insurance
Number Sampled 5 5 6
Mean Annual Dividend Rate 11.62 15.4 17.4
Based on the comparison between the mean annual dividend rate for companies in utilities and banking, the 95% confidence interval shows an interval of 1.28 to 6.28 for the difference. This result indicates that _______.
Multiple Choice
A. the annual dividend rate in the utilities industry is significantly less than the annual dividend rate in the banking industry
B. the annual dividend rate in the banking industry is significantly less than the annual dividend rate in the utilities industry
C. there is no significant difference between the two rates
D. the interval contains a difference of 5.00
Based on the information given, the results show that A.The annual dividend rate in the utility industry is significantly less than the annual dividend rate in the banking industry.
A dividend rate simply means a financial ratio that is important as it shows how much a company pays out in dividends every year relative to the stock price of the company.
In this case, the 95% confidence interval shows an interval of 1.28 to 6.28 for the difference. This implies that the annual dividend rate in the utilities industry is significantly less than the annual dividend rate in the banking industry.
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Select the correct answer.
Which sentence is likely to be the opening of a goodwill message?
Answer:
B. My sincere congratulations on your promotion.
Explanation:
Goodwill is generally done at the beginning of the introduction or providing some value and hopeful information and can include a warm courteous massage of thanks hat is appropriate such as regards. For the new product, service, or any opportunity.Methods of data collection Method of primary data collection Methods of secondary data collection Methods of data presentation Frequency Distribution Bar Chart The Pie Graph Ungrouped Frequency Distribution Grouped Frequency Distribution Histograms, Frequency Polygons, and
Methods of data collection refer to the various techniques used to gather information for research or analysis.
Primary data collection involves collecting data firsthand through methods such as surveys, interviews, and observation. Secondary data collection involves using existing data sources such as published reports, government statistics, and other published data.
Methods of data presentation include frequency distribution, which involves organizing data into categories and displaying the number of observations in each category.
Other methods include bar charts, pie graphs, histograms, and frequency polygons, which are used to visually represent data and show patterns and relationships within the data.
Ungrouped and grouped frequency distributions are used to organize data into intervals, and histograms are used to display the data in a bar chart-like format. Frequency polygons are similar to histograms, but lines are used to connect the tops of each bar.
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Click on the BACKPACK tab and make choices for the SHAPE, STRAPS, MATERIAL, FEATURES and COLOR. Notice as you make your choices, the STATS and PRODUCTION COST will change. Do not forget who your target customer is and what they VALUE. You can always click on the SEGMENTS tab for reference if you need to. When you are done with your choices, click FINISH to move onto the next phase.
Answer:
Backpack Design: Shape: Large rectangular $15
Straps: Wide Padded $8
Material: Advanced $10 Features: Water Bottle $2 and extra waterproof protector for $10 extra, gps
Color: Blue
According to the given condition of the four shapes has the highest production cost is Teardrop Rucksack. The correct option is (A).
What do you mean by production cost?All of the direct and secondary expenses companies incur when producing a good or rendering service are referred to as production costs.
Various costs, including personnel, raw materials, consumable industrial supplies, and general fees, can be included in production costs.
The total cost of raw ingredients and personnel as well as the total cost of manufacturing overhead can be added together to get the total cost of the output.
It is the design that is most complex in nature. It has to go through different process steps, having parts of different sizes. So, it has the highest production cost.
Therefore, according to the given condition of the four shapes has the highest production cost is Teardrop Rucksack.
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This is an incomplete question the complete question is:
Okay, it's time to build a backpack that the OUTDOOR ENTHUSIAST market segment will love. The key design decisions you'll need to make include choosing the backpack's SHAPE, STRAPS, MATERIAL, FEATURES, and COLOR. First, let's focus on SHAPE. In the backpack builder panel, click through each of the four shape options.
Before you confirm the backpack shape selection, let's make sure you're reading the backpack shape information properly. Which of the four shapes has the highest PRODUCTION COST?
Teardrop RucksackRounded TopSquareLarge RectangularWhen a customer asks me to do something that is someone else's job, I am most likely to…
When a customer asks you to do something that is someone else's job, it is important to handle the situation professionally and appropriately. Here are some possible courses of action:
Clarify the customer's request
Offer assistance within your capabilities
Refer the customer to the appropriate person or department
Communicate with colleagues or superiors
When a customer asks you to do something that is someone else's job, it is important to handle the situation professionally and appropriately. Here are some possible courses of action:
Clarify the customer's request: Ask for more details to understand the customer's needs better. It's possible that there may be a misunderstanding or miscommunication regarding responsibilities.
Offer assistance within your capabilities: If the request falls within your realm of expertise or you have the authority to help, provide assistance to the customer. This demonstrates a willingness to go the extra mile and can enhance customer satisfaction.
Refer the customer to the appropriate person or department: If the request is clearly outside your job scope, politely inform the customer that it is not your responsibility but provide guidance on who they should contact or direct them to the correct department. This ensures the customer's needs are addressed by the right person.
Communicate with colleagues or superiors: If the customer's request raises a recurring issue or confusion regarding responsibilities, discuss it with your colleagues or superiors to find a resolution or clarify roles and responsibilities.
Remember, maintaining professionalism, clear communication, and providing appropriate guidance are essential in handling situations where a customer asks you to perform someone else's job.
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Small businesses do not operate in the manufacturing and mining sectors of the economy.
True
False
what is business and training???
Answer:
I did not .ñunderstand a da.mn.
Explanation:
traducelo
Answer:
skills, abilities, and knowledge to improve employee performance.
Explanation:
Business training is a learning and development process that refers to specific skills, abilities, and knowledge to improve employee performance.
What is the difference between statistics and business statistics?
Answer:
Statistics is extended part of mathematics were you deal about only formulas numbers and business statistics deals about your knowledge about financial business marketing.
5.6 Last month Quick Industries produced 900 units. This month they produced 1,264 units. What is the rate of change in production? a. 29.8% b. 32.8% c. 40.4% d. 60%
Answer: C. 40.4%
Explanation:
To find the rate of change in production, we can use the following formula:
Rate of change = (New value - Old value) / Old value * 100
Where,
Old value = Production of last month = 900
New value = Production of this month = 1264
Substituting the values in the formula,
Rate of change = (1264 - 900) / 900 * 100= 364 / 900 * 100= 0.404 * 100= 40.4%
Therefore, the rate of change in production is 40.4%, which is an option (c). I hope that this answer has helped you!
Answer:
The correct answer is C.
Explanation:
The rate of change in production is: (1264 - 900) / 900 = 0.404 or 40.4%. So, the correct answer is c. 40.4%
Step 2: Writing Report
Explain the value of using data analysis.
Explain the risks of not using data visualization.
The report should explain the data that you have analyzed throughout the course.
Step 3: Lessons Learned
Identify some key points that you found about data analytics in this course and add a slide for lessons learned at the end of your presentation on what you learned this session.
The value that can be gotten from Data analytics is that it can aid companies to have broad knowledge of market segments, and can help to increase their market share as well as revenue growth.
The risks of not using data visualization is that the company may not be be able to to maintain the audience's interest with information.
What is the importance of Data analytics?For example, data analytics can help businesses find underdeveloped market areas, anticipate client wants, and improve their product offers. Businesses that use data analytics to acquire a competitive edge can grow their market share, accelerate revenue growth, and strengthen their brand.
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what are the challenges associated with not being ‘tech savvy’ in 2023?
As the world keeps advancing technologically, being tech-savvy becomes increasingly important. However, not being tech-savvy in 2023 may pose a lot of challenges. Some of these challenges are :Job Market, Learning,Communication,Security.
Job Market: In 2023, there will be more tech-based jobs than there currently are. Being not tech-savvy would make it difficult for an individual to secure employment in such sectors. This means that those who are not tech-savvy would be limited to jobs that require no technical skills.Learning: Due to the increased importance of technology, those who are not tech-savvy would find it challenging to learn new things. This means that they would be unable to benefit from new technology, apps, and software that are released in the market. They may also face difficulties while navigating technology-based environments.Communication: In 2023, communication will be more technology-driven than ever before. Those who are not tech-savvy may find it challenging to communicate with others effectively. This may lead to miscommunication and misunderstandings which could impact personal and professional relationships.Security: Cybersecurity is a significant concern in today's world. Not being tech-savvy could make it difficult for an individual to secure their information, devices, and accounts. This could lead to loss of data, identity theft, and other forms of cybercrime.In conclusion, being tech-savvy in 2023 is essential to success, as the world will be driven by technology. Those who do not embrace technology may find themselves limited in terms of employment opportunities, communication, and personal security.
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Questions for Critical Thinking
1. Do you think Quirky’s basic business model is sound and fair? If you could suggest any changes, what would they be?
2. To what degree does Quirky’s business reflect the attributes of a sound business idea as described in Chapter 2?
3. In what other product areas would Quirky’s business model work the best?
4. Think of the challenges in your own life that might represent a product idea for Quirky. If you don’t think of something right away, don’t give up. All of us encounter problems and challenges in our everyday lives that might represent the basis of a promising idea. Be prepared to describe to others one of the challenges or problems you encounter and how a solution to the problem could be fashioned into a product idea to submit to Quirky.
Critical thinking questions1. Do you think Quirky’s basic business model is sound and fair? If you could suggest any changes, what would they be? Quirky’s basic business model is sound and fair because they involve the public in developing products by taking ideas from people and turning them into products, splitting the profits from the product sales with the inventor, and also collaborating with the inventor from the start of the idea to its final product.
However, there are a few changes I would suggest. First, the public could have more control over which product idea is to be developed into a product. Second, the company could offer more compensation to the inventor, especially if the product becomes a commercial success.2.
To what degree does Quirky’s business reflect the attributes of a sound business idea as described in Chapter 2?Quirky’s business idea reflects the attributes of a sound business as described in Chapter 2 of the text, including the following attributes:
Quirky is innovative in its business model, as it involves the public in developing products.Quirky has a good system of assessing the market’s demand for each product idea.
Quirky has a flexible business model, as it is able to adapt to changes in the market.3. In what other product areas would Quirky’s business model work the best?
Quirky’s business model could work well in a number of other product areas, including Home improvement and do-it-yourself (DIY) products;
Fashion and clothing; Outdoor gear and accessories; Personal care and hygiene; Consumer electronics.4. Think of the challenges in your own life that might represent a product idea for Quirky. If you don’t think of something right away, don’t give up.
All of us encounter problems and challenges in our everyday lives that might represent the basis of a promising idea. Be prepared to describe to others one of the challenges or problems you encounter and how a solution to the problem could be fashioned into a product idea to submit to Quirky.
One of the challenges I have encountered is the issue of losing small items such as keys, earrings, and others. A solution to this challenge could be fashioned into a product idea by developing a small, inexpensive device that could be attached to small items.
The device would emit a signal that would be detected by an app on the user’s phone if the item were lost. This could be developed into a product idea and submitted to Quirky for further development.
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When cigarettes are taxed and sellers of cigarettes are required to pay the tax to the government,
a. the size of the cigarette market is reduced.
b. the price paid by buyers of cigarettes decreases.
c. the demand for cigarettes decreases.
d. there is a movement downward and to the right along the demand curve for cigarettes.
C) When cigarettes are taxed and sellers of cigarettes are required to pay the tax to the government, the demand for cigarettes decreases.
When cigarettes are taxed and sellers are required to pay the tax to the government, the price paid by buyers for cigarettes increases due to the added tax cost. This increase in price causes a shift of the demand curve for cigarettes to the left.
This shift represents a decrease in the demand for cigarettes, as buyers are now less willing to purchase cigarettes at a higher price than before the tax was in place. The decrease in demand results in a reduction in the size of the cigarette market, as fewer people are willing to purchase cigarettes due to the higher cost.
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Dr. Thomas graduated from West VA researcher randomly picks the first item or subject from a population, N then selects each jth subject where j is the ratio of the population size, N to the desired sample size, n. In this case, the researcher is using:irginia University with a code value = 1 while Professor Harrison graduated from the Marshall University with a code value = 2. The scale of measurement likely represented by this information is
The scale of measurement reflected by the information is nominal because the code values given to the universities serve only as labels and have no numerical significance.
Which four types of random sampling are there?Simple random sampling, systematic sampling, stratified sampling, and cluster sampling are the four main random (probability) sampling techniques.
How is systematic random sampling calculated?Using the formula I = N/n to get the sample interval. Select "r" as your starting point. This point needs to fall between 1 and the sample interval number (between 1 and i). For instance, if the sampling interval in the example above is 40, we must choose a number between 1 and 40.
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1.Apply the SOSTAC model to ASOS and highlight why it has become
such a successful online fashion brand?
he SOSTAC model is a strategic planning framework that stands for Situation analysis, Objectives, Strategy, Tactics, Action, and Control.
Situation analysis: ASOS operates in the highly competitive and dynamic online fashion industry. It was founded in 2000 and has grown rapidly since then to become a global brand with a presence in over 200 countries.
Objectives: ASOS's objective is to become the go-to destination for online fashion shopping. It aims to provide its customers with a seamless and personalized shopping experience that caters to their unique style preferences.
Strategy: ASOS's strategy is centered on offering a wide range of products from its own label as well as other brands, at competitive prices. It also uses technology to enhance the customer experience by providing features like visual search, social media integration, and personalized recommendations.
Tactics: ASOS uses various tactics to execute its strategy, such as aggressive marketing campaigns, partnerships with influencers, and collaborations with other brands. It also invests heavily in technology to constantly improve its online platform and provide customers with a seamless shopping experience.
Action: ASOS regularly updates its product offerings, website design, and marketing campaigns to stay relevant and appeval to its target audience. It also actively engages with its customers through social media and other channels to understand their preferences and needs.
ASOS has become such a successful online fashion brand due to its effective execution of the SOSTAC model. Its focus on offering a wide range of products at competitive prices, using technology to enhance the customer experience, and actively engaging with customers has helped it establish a strong brand identity and a loyal customer base.
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WILL GIVE BRAINLIEST
A hotel will only hire people who can lift 50 pounds or more as bellpersons. This is considered a
- business necessity
- discriminatory action
- nonessential function
- biased decision
Answer:
Business necessity
Explanation:
A hotel that only hires people who can lift 50 pounds or more as bellpersons is considered a business necessity. This is because the job of a bellperson requires physical strength and ability to lift and move heavy bags. This is a legitimate requirement of the job and not considered a discriminatory action, nonessential function or a biased decision.
Which of the following requirements must be met before a lender may begin the power of sale
process?
The lender must wait at least 15 days before receiving notice of a breach of the terms not being upheld and a mortgage default. This authority is frequently outlined in a clause in the mortgage contract between the lender and the borrower.
What is power?
The ability to exert authority, control, or influence over another person is referred to as having "power." Decision-making has benefited from the power.
According to the mortgage laws, a lender must wait at least 15 days before receiving notice that their mortgage has defaulted due to a breach of the terms. The mortgage contract between the lender and borrower often include a clause expressing this authority.
As a result, mortgage act as 15 days notice period, breach of contract and legal obligations.
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A colleague from the plant in Germany has arrived at the Chicago plant to share insights on a recent product line changeover implemented in Germany. This changeover has saved thousands of euros at the German facility, but Jim does not think it will work in the United States. Jim feels that there is a completely different attitude towards work and innovation in the U.S., and in fact, thinks the German facility is technologically behind his plant. Additionally, the colleague often mispronounces words when he speaks English, and doesn't dress appropriately for the U.S. office. He showed up to work on the plant floor in a formal suit and tie, with dress shoes that had a slippery sole. However, the colleague is a guest, and it is important that Jim pretends to be interested.
Identify the listening barriers. Check all that apply.
Psychological barriers
Thought speed
Grandstanding
Nonverbal distractions
Faking attention
Identify tips that would help Jim listen more effectively to what his international colleague has to say about the production process. Check all that apply.
Control his surroundings
Provide feedback
Focus on nonverbal signals
keep an open mind Judge ideas, not appearances
Answer:
1. Psychological barriers, Nonverbal distraction, Faking attention
As Jim is not much interested in listening to German colleague where he is paying attention upon the nonverbal distraction such as dressing sense, words pronunciation etc.
2. Provide feedback, Keep an open mind, Judge ideas, not appearances
Listening barriers can be overcome if Jim, keep an open mind towards the conversation, to remain engaged, provide feedback and judge the ideas put forward by the colleague.
Consider the following data representing the price of laptop computers (in dollars).
1365, 1240, 1371, 1052, 1238, 1293, 1043, 1393, 1416, 1035, 1092, 1428, 1288, 1175, 1098, 1083, 1313, 1300, 1060, 1120, 1116
Determine the class width of the classes listed in the frequency table.
Answer:
The class width is calculated by subtracting the lowest value from the highest value in the given data set. In this case, the lowest value is 1035 and the highest value is 1428, so the class width is 1428 - 1035 = 393.
Explanation: