The most popular ways that organizations try to affect their environments are through information management strategic reaction, mergers, takeovers, acquisitions, and alliances, as well as through organizational design and flexibility and direct influence.
The four main ways that businesses are evolving are as follows:
Leadership based on values.Environments Based on Equality.Employees Assuming Responsibility for Their Successdynamic expansionThe introduction of a new strategy, such as the use of technology, may require some time before employees can resume carrying out their regular duties so that they can learn how to use it. As a result, the organization's timetable may be affected.
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The correct question is:
How Organizations Adapt to Their Environment? The worlds rapaly changing In a number of ways.
T/F although free trade provides benefits for consumers, it is often argued that import protection should be provided to domestic producers of strategic goods and materials vital to the nation's security.
A quota is a charge imposed on an item that is being imported into a nation. False. The amount of a good that can be imported into a country is restricted by a quota.
How do you use impose?
I don't want them to impose their religious ideas on my children because that would be forcing them to embrace something, especially a belief or way of life. The way this office is run needs to be put under some sort of control. He wants the government to put tight restrictions on who can own dogs. The Latin word imponere, which means "to place upon, inflict, or deceive," is the source of the noun "imposed." A tax that is imposed upon you by the law. The verb imposer, which means "to lay a burden," from Middle French is where the English phrase derives from. Therefore, if you are subjected to an imposed visit by an undesirable visitor, you must put up with it.
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financial statements must be prepared in a specific order so that information from the preceding financial statement may be placed into the next financial statement. identify which of the following statements is correct regarding preparation of financial statements:
It can be identified as- Because information from one statement is used in the next, financial statements are put together in a specific order.
The trial balance, the adjusted trial balance, the income statement, the balance sheet, and the statement of owner's equity are the next steps in the procedure.Adjusting entries are made following the completion of the trial balance. Wages payable, accumulated depreciation, and prepaid office supplies are a few examples of accounts that frequently need to be adjusted. All the accounts are included in the adjusted trial balance after the necessary adjusting entries have been made. The financial statements are put together using these sums.To know more about financial statements here
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the issue of censorship of the arts was brought to public attention in 1989 when an exhibit of photographs by robert mappelthorphe was cancelled in cincinnati, t/f?
True. The most typical violation of artistic freedom is censorship. Due of the innovative content of contemporary art, artists and art are unfairly censored.
What is the impact of censorship on art?Such a censor severely restricts the freedom of expression of an artist, risking the loss of the entire meaning of the work. These limitations might even compel them to give up on a certain endeavour entirely. The procedure results in the loss of numerous noteworthy and unique artistic contributions.
Censorship harms artistic expression, right?Restricting art is the same as censoring an individual's thoughts and prohibiting them from expressing themselves freely online. Censorship isolates people from the outside world and makes marginalised groups even less visible than they already are.
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chapter 5 - problem 6. an eccentric inventor attempts to levitate a cork ball by wrapping it with foil and placing a large negative charge on the ball and then putting a large positive charge on the ceiling of his workshop. instead, while attempting to place a large negative charge on the ball, the foil flies off. explain.
This is due to the theory that similar charges repel one another while attempting to place a large negative charge on the ball.
The negative charges will leave the foil and enter the ball by induction since the ball is wrapped with foil. As a result, the ball is negatively charged, leaving the foil as a positively charged particle that has lost its electrons to the foil. But if you place the negatively charged object close to the foil, electrons will go from it and into the foil, giving it a negative charge. Now that the ball and the foil both carry the same charge, they repel one another. Flying off is the foil.
Like charges repel one another whereas opposite charges attract one another. As a result, two negative charges repel one another whereas a positive charge draws a negative charge toward it. The line where the two charges meet is the point of attraction or repulsion. The square of the distance between the two charges and the strength of the force are inversely related.
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Kanye, Juliana, Les, and Danny are trying to form a band. They each have some basic skills on most instruments, so their current plan is for each of them to rotate among vocals, guitar, bass, and drums.
After a year of practice and rehearsals, the band still sounds awful. Kanye can't keep a steady beat when on bass drums. Les sounds terrible at everything except the bass, nobody except Juliana can remember all the cords on guitar, and even Danny's own mother thinks his singing sounds like a dying cow.
At their current rate, they expect it will be several years before they are good enough to land their first paid performance. None of them have enough money saved up to last that long.
What economics advice would you give to them?
a. Continue with the current plan, as economies of scale should eventually kick in.
b. Change the rotation to be random rather than equal, to take advantage of heteroskedasticity.
c. Abandon the band, as continued practice is doomed to suffer diminishing marginal returns.
d. Have each member specialize in the role that they are best in, to take advantage of benefits from specialization.
e. Invest their remaining savings in new instruments, as they are at a point where the marginal product of capital exceeds the marginal product of labor.
When extra gadgets of a right or service can be produced on a large scale, yet with (on average) fewer enter costs, economies of scale are said to be achieved.
Alternatively, this capacity that as a company grows and production devices increase, a enterprise will have a higher chance to limit its costs.
What is economies of scale strategy?Economies of Scale Definition
Economies of scale are price savings that a enterprise (and, through default, its customers) can reap as a end result of efficient production processes.
Generally, these fee savings are carried out because the average price of producing some thing falls as the volume being produced increases.
What will the use of economies of scale lead to?Increased earnings – Economies of scale lead to expanded profits, generating a greater return on capital investment and supplying agencies with the platform to grow.
Larger business scale – As a enterprise grows in size, it solidifies and turns into less inclined to external threats, such as opposed takeover bids.
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An owner of a building has an accounting and economic profit of 409,045.78 and 227,206.016 respectively for a building she can lease for $200,000 per year for 3 years. Suppose the owner just discovered that she needs to purchase a licence this year for $250,000. Does it make sense for her to produce?. why or why not?
If the owner goal is to maximize economic profit, then it does not make sense for her to continue leasing the building, as the cost of the license will reduce her economic profit below zero.
But if her goal is to maximize accounting profit, then it may make sense for her to continue leasing the building, as the license cost will only reduce her accounting profit from $409,045.78 to $159,045.78, which is still positive.
What are accounting and economic profit?Economic profit is defined as a company's revenue less its explicit and opportunity costs. It's used for internal research. Accounting profit (net income) is the revenue of a company less its direct, indirect, and capital costs. It is included in financial statements and reported to the IRS.
In continuation of our main answer, she might have other non-monetary goals and values that might influence her decision, such as the importance of owning and managing the building, or the value of the services provided by the building.
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Suppose there are two kinds of cars: Good cars, Lemons. The owner of a used car knows whether it is a lemon but prospective buyers cannot tell. Suppose 40% of all new cars produced are lemons. Good used cars are worth $15,000 to their owners and lemons are worth only $10,000. Which of the following is correct?
I. If the used cars for sale had the same quality distribution as new cars (i.e., 60% good, 40% lemons), risk-neutral people would willing to pay $13,000 for a used car.
II. The owner of a good used car will able to sell it for $15,000.
III. In the equilibrium, the only used cars for sale will be lemons. They will sell for $13,000.
Group of answer choices
II only
I and III only
III only
I only
I, II, and III
If used cars for sale had the same quality distribution as new cars (i.e., 60% good, 40% lemons), risk-averse buyers would pay $13,000 for a used car. In the end, the only used cars available for purchase will be lemons. They will be sold for $13,000 each. Only b) I and III are correct.
Buyers are expected to pay the following price:
expected price = 0.6(15000) x 0.4 (10000)
expected price = $13,000
As a result, only lemons would be sold, and risk-averse buyers would pay only $13,000 for a car. No good car would be sold at this price.
An expected price level, also known as an anticipated price level, is the rate or price that goods and services can be reasonably expected to reach given a specific set of economic circumstances. An expected price level attempts to account for a variety of economic variables that are likely to influence consumer demand for various products.
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suppose that, in an attempt to combat severe inflation, the government decides to decrease the amount of money in circulation in the economy. this monetary policy action demand for goods and services in the economy, leading to prices for products. in the short run, the change in prices induces firms to produce goods and services. this, in turn, leads to a unemployment level. based on this analysis, the economy faces the following trade-off between inflation and unemployment: lower inflation leads to unemployment.
if there is a rise in the money supply, people would have more money, which would stimulate spending. A boost in demand would result from increased consumption.
Prices increase when supply outweighs demand. When prices rise, manufacturers are encouraged to increase output in order to boost their profit margin. More factors of production would be required in order to increase production. Thus, more workers would be employed. In turn, unemployment would decrease. In other words, unemployment and inflation have a trade-off for the economy: lower inflation leads to reduced unemployment.
The level of deflation as well as the total amount of spending in a country may be impacted by fiscal policy.
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suppose the government subsidizes flood insurance for homes in the flood plain. because of this, the buyer has access to very cheap insurance, worth an expected $50,000. without such a subsidy, the high likelihood of flood results in extremely high rates for flood insurance. with this subsidy, the individualis incentivized to build a house in the flood plain.
The purchaser now has access to insurance for a very low price, estimated to be worth $70,000. Without such a support, the increased risk of flooding leads to...
What do you mean by insurance?
As a result, the buyer can obtain insurance with an anticipated value of $70,000 for a very cheap cost. There would be due to the substantial risk of flooding... Insurance makes it easy to control your risk. the defense against unplanned financial losses that you buy when you buy insurance. The insurance provider pays you or a person of your choice if something unfavorable happens to you. If you don't have insurance, you could be responsible for all costs in the event of an accident.
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Refer to the T-account below: Raw Materials 15,0009) 85,000 25,000 Balance forward 75,000 Balance Entry (5) could represent which of the following? a. Payments for raw materials. b. Requisitions of raw materials to be used in production. c. Purchases of raw materials. d. Overhead cost applied to Work in Process.
This could represent c. Purchases of raw materials.
A collection of accounting transactions that employ double-entry accounting are referred to informally as T-accounts. Because of the way the financial entries are organized, the account is known as a T-account. Just above the T, the account title may be seen.
In the scenario below, a business receives a $10,000 rent invoice itself from landlord for the month of July. The T account indicates that a $10,000 debit to the rent cost account and a $10,000 credit here to accounts payable account will both occur.
A T-Account is a graphic representation of a general ledger account's journal entries. The debits are shown visually upon that left side of both the T in this way.
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Therefore the correct option is C, raw material purchases.
T-accounts are an informal term used to describe a group of double-entry accounting transactions.
The account is referred to as a T-account because of how the financial entries are set up. The account title may be seen directly above the T.
In the example below, the landlord sends the firm a $10,000 rent invoice for the month of July. The T account shows that a $10,000 debit will be made to the rent cost account and a $10,000 credit will be made to the accounts payable account.
The journal entries for a general ledger account are shown graphically in a T-Account. This is how the debits are graphically shown on the T's left side.
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A responsibility center in which the department manager has responsibility for and authority over costs and revenues is called a(n)
a. investment center
b. profit center
c. volume center
d. cost center
A responsibility center in which the department manager has responsibility for and authority over costs and revenues is called cost center .
Why do you use the term "cost center"?
An organizational department or function known as a "cost center" incurs operating expenses even though it does not immediately contribute to profit.
In contrast to profit centers, which directly impact profitability through their operations, cost centers can only have an indirect impact on a company's profitability.
In responsibility accounting, what does responsibility center mean?
A responsibility center is a functional division of a company with distinct goals and targets, a committed personnel, established rules and regulations, and accurate financial records.
Giving managers explicit accountability for income produced, costs paid, and/or investments made is done with this method.
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under what conditions is the current organizational structure of dropbox most likely to be effective? when following an unrelated diversification strategy when there is a single business mission when the organization is following a product development strategy when following a related diversification strategy for the business
Under the following conditions is the current organizational structure of dropbox most likely to be effective : when there is a single business mission.
When a company generates less than 70% of its income from a single business and generates additional revenue from related business lines, it is using a related diversification strategy. Related diversification occurs when a company enters a new industry that significantly resembles one or more of its current industries. Since both movies and television shows are considered forms of entertainment, Disney's acquisition of ABC serves as an example of related diversification. Often, what makes linked diversification an appealing strategy is the possibility to turn cross-company strategic synergies into a competitive advantage over business competitors whose operations do not offer.
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suppose the follwing data were taken from the 2022 and 2021 financial statements of american eagle outfitters 930600
Calculate earnings per share for each year. (Round answers to 2 decimal places, e.g. 15.25.)
Here according to the financial statements, 2022 Earnings per Share = $197,760 / 206,000 = $0.96 and the 2021 Earnings per Share = $415,296 / 216,300 = $1.92.
Earnings per share (EPS) is calculated as a company's profit divided by the outstanding shares of its common stock. The performing number serves as an index of a company's profitability. It's common for a company to report EPS that's acclimated for extraordinary particulars and implicit share dilution. The advanced a company's EPS, the more profitable it's considered to be. Earnings per share is one of the most important criteria employed when determining a establishment's profitability on an absolute base. It's also a major element of calculating the price- to- earnings( P/ E) rate, where the E in P/ E refers to EPS. By dividing a company's share price by its earnings per share, an investor can experience the worth of a stock in terms of how much the request is willing to pay for each bone of earnings. To calculate a company's EPS, the balance distance and income statement are used to find the period- end number of common shares, tips paid on favored stock( if any), and the net income or earnings.
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occupational segregation contributes to a __ , which refers to the disparity between women's and men's earnings. group of answer choices domestic divide sexual wage differentiation pay gap comparable worth distinction
Occupational segregation contributes to 2) sexual wage differentiation, which refers to the disparity between women's and men's earnings.
What is sexual wage differentiation?Men and women receive varying amounts of on-the-job training, and the smaller investment made by women in their jobs is typically related to their intentions to put their families first. This is called sexual wage differentiation.
What is occupational segregation?When one demographic group is either overrepresented or underrepresented in a particular employment area, occupational segregation results.
Gender segregation in the workplace refers to the propensity of men and women to work in various professions (Blackburn et al., 2002). It is a significant demographic issue for industrialized civilizations and a major cause of social inequality (Watts, 1998). (Charles and Grusky, 2004).
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adjusting entries help a company accurately measure (select all that apply.) multiple select question. the company's financial performance. revenues and expenses for the period. the cash received and paid during the year.
Adjusting entries helps a company accurately measure 2) and 3) of the given options that are revenues and expenses for the period, the cash received and paid during the year.
What is cash-basis accounting?With cash-basis accounting, revenue is recorded when funds are received and expenses are recorded when they are paid.
Instead of when they are incurred, transactions are documented using this way when money is exchanged.
Small organizations and individuals frequently adopt this strategy since it is straightforward and simple to understand.
In contrast to accrual-basis accounting, which records transactions as they happen regardless of when cash is received or paid, it might not offer an accurate financial picture.
In addition, cash-basis accounting might not adhere to GAAP and might not be accepted for tax or financial reporting purposes.
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FILL IN THE BLANK Chef Brown's health store sells nutritional, energy-producing foods. Product prices are adjusted frequently to meet the needs of individual customers and situations. For example, long time customers receive discounts. This strategy is most likely an example of __________ pricing
Chef Brown's health store sells nutritional, energy-producing foods. Product prices are adjusted frequently to meet the needs of individual customers and situations. For example, long time customers receive discounts. This strategy is most likely an example of dynamic pricing.
Dynamic pricing often referred to as demand pricing, or time-based pricing, is a tactic used by companies to change the price of their products in response to shifting demand.
For instance, an airline may adjust seat rates according on the type of seat, the number of available seats, and the remaining time until takeoff.
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different forms of businesses have different characteristics. which of the following characteristics would apply to a corporation? check all that apply.
Option C. Under the heading "Various forms of enterprises have different features," we can classify behavioral finance, security analysis, portfolio theory, and market analysis.
A form of wholly independent corporation with stockholders. one of the trickiest business models. Limited Liability Company (LLC): A hybrid of a corporation and a partnership that makes it simpler for small enterprises to get started. one of the most well-liked business models for new companies. one of the most well-liked business models for new companies. Nonprofit Organization: A category of company that donates its profits to charity. tax-exempt, but subject to particular guidelines. A cooperative (Co-op) is a company that is owned and run for the benefit of the customers who make up the organisation.
An organisation that employs economic resources to offer products or services to clients in exchange for cash or other goods and services is referred to as a business entity. Business entities occur in a variety of forms.
Different forms of businesses have different characteristics. which of the following characteristics would apply to a corporation? check all that apply.
A. Easier to transfer ownership in the form of stock.
B. Exempt from double taxation
C. Chartered by a state and is its own legal entity separate and distinct from its owners and managers.
D. Owned by single individual.
E. Has unlimited life
Owners have limited liability.
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When preparing a bid for a large group, the proposed rooms rates are most often:
The proposed hotel prices are often less expensive than those charged to a walk-in visitor when drafting a pitch for a big group.
What do rates in business mean?Property utilized for commercial purposes is subject to a tax called business rates. It is crucial that you comprehend corporation tax and the fees you must pay if you operate your business out of a commercial building (or, in certain situations, from home).
How do rates work in economics?The proportion of the principle that the lender charges for the usage of its funds is known as the interest rate. The amount of the loan is known as the principle. The price of loan varies with interest rates. They can therefore influence how quickly or slowly the economy grows.
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find the total number of employees and the total number of dependents for every department (the number of dependents for a department is the sum of the number of dependents for each employee working for that department). return the result as department name, total number of employees, and total number of dependents.
A change in an input, presumption, or driver is considered an independent variable when determining how it will affect a dependent variable (the outcome).
What is a dependent variable in business analytics?In essence, the dependent variable is the outcome, whereas the independent variable is an input. To evaluate performance, sales, costs, profitability, and other factors, we can use independent variables. The client demographics could be considered the independent variable when it comes to sales.
Age is just one example of an independent variable. Other elements (such as what they consume, how much they attend school, and how much television they watch) won't alter a person's age. Any variable whose value depends on an independent variable is said to be dependent. The thing being measured in an experiment or assessed in a mathematical equation is the dependent variable. Sometimes the dependent variable is referred to as "the result variable."
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To find the total number of employees and the total number of dependents for every department, the following steps can be taken:
What are the ways to find total number of employees?Gather the data: Collect information on the number of employees and dependents for each department. This data can be obtained from employee records or a company database.Group the data by department: Organize the data by department, so that all employees and dependents for each department are together.Sum the data: For each department, sum the number of employees and dependents.Return the results: Return the department name, total number of employees, and total number of dependents in a format that is easy to understand and use.Create a query: Create a query to extract data from the database or spreadsheet with all information.Use a spreadsheet software like excel to create a pivot table that will group by department and sum the number of employees and dependents for each department.Clean and format the data for a better readability and understanding.This process will provide a clear and comprehensive view of the number of employees and dependents for each department, which can be useful for budgeting, staffing, and other business decisions.To learn more about employee refer:
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g jake is buying salad and pizza for a company lunch. suppose that a bowl of salad costs $5.00, and a slice of pizza costs $3.00. let e be the amount in dollars that jake spends on salad and pizza. if jake buys s bowls of salad and p slices of pizza, then the total amount of money he spends (e) can be represented by the equation . now rearrange the equation you wrote above so that p is written in terms of e and s. the quantity of pizza he buys can be represented by the equation . suppose jake has $30.00 to spend on salad and pizza; that is, e
Together, the variable and fixed costs make up the overall cost. The overall cost, for instance, will be $35 if a corporation has a fixed cost of $30 per unit and a variable cost of $5 per unit when they increase their output.
What is meant by total cost?The total cost is the sum of the variable and fixed costs. For instance, the total cost will be $35 if a company has a fixed cost of $30 per unit and a variable cost of $5 per unit when they raise their output. The total expense incurred by a company to produce a specific production level. Total cost is the collective term for the cost of production as a whole, which includes both fixed and variable costs. The cost necessary to manufacture a good is referred to in economics as the whole cost.1. If Eric spends $e on salad and pizza, with the salad costing $5.00 and being represented by s and the pizza costing $3.00 and being represented by p, the equation can be used to describe the total amount Eric spends;
e = 5.00s + 3.00p
Where the sum represents the price of the quantity of pizza slices purchased and the quantity of salad bowls consumed.
2. Re writing the equation so p is written in terms of e and s;
e =5.00 s +3.00 p
3.00 p = e - 5.00 s
[tex]$& p=\frac{e-5.00 s}{3.00}[/tex]
3. If Eric has $30 to spend on salad and pizza,
[tex]$& p=\frac{e-5.00 s}{3.00} \\[/tex]
[tex]$& p=(30-5.00 \times 3) / 3.00 \\[/tex]
p = 5 slices of pizza
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In question 5 above, you calculated what the schedule would look like if Janet had made one $285.05 payment in January 2022. You did it by hand, but the Bankrate calculator has a feature that allows you to adjust the entire schedule.
Using the Bankrate.com loan calculator, enter in the original loan amount, loan term, and interest rate.
Then, click on "Calculate" to get the monthly loan payment of $185.05.
Click "Show Amortization Schedule" and scroll down to the table. Make sure that the "Start Date" of the payment in the table is 12/01/2020.
Click on "ADD EXTRA PAYMENTS" under the blue Calculate button. Add an extra one-time payment of $100 in January 2022 and click the blue button "APPLY for EXTRA PAYMENTS."
Now, scroll down to January 2022 in the amortization table. You should see that there is now a one-time payment of $285.05 for that month.
How did the extra, one-time payment of $100 affect the total interest Janet pays on the loan?
What was the impact on the number of months it will take Janet to pay off her loan?
This new calculation has Janet curious -- if she’d been making $285.05 payments for the entire duration of the loan*,
what would be the impact on the total interest Janet would have paid?
what would be the impact on the number of months to pay off the loan?
Reset Janet’s loan back to $3500, 24% interest, but pretend she decided from the start that her pay-off goal was 4 years instead of 2.
What is Janet’s new monthly payment?
Look at the very first payment month. What do you notice about the principal and the interest?
Explain how your answer in part c created the change in interest you noticed in part b.
What would be the benefit of taking a longer time to pay back your loan (ex: 4 years instead of 2)?
If Janet got a year-end bonus that would allow her to make a payment of $285.05 in January 2022, the amortization schedule's line for that date would appear as follows:
Date Payment Principal Interest Balance
$3500
01/01/2022 $285.05 $215.05 $70 $3284.95
The annual interest rate used in this amortization scheme is 24%.
($3,500 x 24% x 1/12) Equals $70 in interest expenses.
Repayment of Principal: $215.05 ($285.05 - $70)
The amortization schedule will so display that Janet has a balance due of $3,284.95.
An amortization schedule, also known as an amortization table, is a table that lists each instalment of a loan that is being repaid over time. The calculator will also provide an annual and monthly amortization schedule for each computation. An amortised loan will have two payments per repayment: one for interest and the other for the principal, which will change each pay period. The precise amount that will be paid toward each is shown on an amortization schedule together with the interest and principle that have already been paid and the principal balance that remains at the end of each pay period.
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consider a service company that provides carpet cleaning. classify the cost of the hourly workers who clean carpets for customers. (check all that apply.) multiple select question. fixed variable direct indirect period
The hourly wages of the workers who clean customers' carpets fall into two categories: variable and direct.
Fixed Costs: Costs a business must pay even if it makes no money. Sales volume does not affect these expenditures. Constant. Fixed costs stay the same if the company sells nothing.
Variable Costs: Sales volume directly affects these costs. Zero sales mean zero variable costs. Variable costs rise proportionally as the company sells thousands of units.
Direct Costs: Directly related costs. Product, service, project, or department are cost objects. a project worker. Project labor is the direct expense.
Indirect Costs: The "actual costs" of a business include its daily expenses, materials, and supplies. Indirect expenses have no direct cost object.
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The right way of asking the question is:
Consider a service company that provides carpet cleaning. Classify the cost of the hourly workers who clean carpets for customers. (Check all that apply.)
Variable
Direct
Period
Fixed
Indirect
Maturity date: At the maturity date, the bondholder returns the bond to the corporation and receives cash equal to the bond's face value.
The principal amount of a note, draught, acceptance bond, or other the debt instrument becomes due on the maturity date.
The principle investment is returned to the investor on this date, which is typically printed on the certificate of the relevant amount instrument, and the interest payments that were routinely made throughout the bond's existence come to an end. The due date (termination date) by which an instalment debt loan must be the fully repaid is often referred to as the maturity date. The term "maturity date" also refers to the deadline for the making a full payment on an instalment loan.
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the profits earned by firms in an industry, are determined by: [see p. 66] group of answer choices the overall state of the economy and the intensity of competition within the industry how much customers value the products supplied by the industry the extent to which the industry is protected by barriers to entry the value of the product for customers, the intensity of competition, and the relative bargaining powers of producers, their suppliers and their buyers
The profits earned by firms in an industry, are determined by the value of the product for customers.
What is profit?In accounting, profit is income distributed to owners in a profitable market production process. Profit is a measure of profitability and is the primary concern of owners in the income generation process of market production. There are several common measures of profit. Profit is the money left over after you pay your business expenses. There are following three main types of profit: Gross profit, operating profit, net profit. Gross profit shows how much money is remaining after paying for the goods and services sold. Profit is defined as the amount earned by selling a product and must be greater than the cost of the product. In other words, profit is the profit derived from any business activity.To learn more about profit from the given link :
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What are types of GDP
The types of GDP are:
Real GDP. Real GDP is a calculation of GDP that is adjusted for inflation. Nominal GDP. Nominal GDP is calculated with inflation. ...Actual GDP. Actual GDP is the measurement of a country's economy at the current moment in time.Potential GDP.What is Gross domestic product (GDP) ?The standard measurement of the value added produced via the production of goods and services in a nation over a specific time period is the gross domestic product (GDP). Consequently, it also accounts for the revenue generated by that manufacturing, or the total amount spent on finished goods and services (less imports).
Gross domestic product (GDP) is a monetary indicator of the total market value of all the final commodities and services that nations generate and sell over a given time period. This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is.
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refer to the two tables below, which show, respectively, the willingness to pay and the willingness to accept of buyers and sellers of individual bags of oranges. for the following questions, assume that the equilibrium price and quantity depend on the following changes in supply and demand. also assume that the only market participants are those listed by name in the two tables. in addition, assume that each seller is only able to sell one bag of oranges and each buyer is only able to buy one bag of oranges during the period represented by the data in the tables. further, assume that the equilibrium price is known to all participants in the market.
A) All consumers are willing to buy at the equilibrium price because it is less than their maximum willingness to pay. Because the price is higher than the producers' minimum acceptable price, Equilibrium Quantity = 6.
What is a consumers?A consumer is a person or group who intends to order or uses purchased goods, products, or services primarily for personal, social, family, or household needs and is not directly related to entrepreneurial or business activities. The term is most commonly used to describe someone who buys goods and services for personal use.
b)
Producer Minimum Acceptable Price
Carlos 7
Courtney 8
Chuck 9
Cindy 10
Craig 11
Chad 12
After tax the minimum acceptable price increases for each producer by $2.
Only four producers are willing to supply at the old equilibrium price of $10, and all six consumers are willing to buy. There is no supply and demand equilibrium.
We Increase the price & see the change.
At $11, Only 5 producers are willing to supply
And while 5 consumers are willing to buy, Betty is no longer interested because the price exceeds her maximum willing to pay.
So $11 is new equilibrium price and New equilibrium quantity = 5.
Orange bags were being overproduced by 1 bag.
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which of the following are associated with marketing, as defined by the american marketing association? multiple select question. institutions that facilitate the exchange of offerings that have value for customers institutions that implement technologies for increased production efficiency processes used to create value for clients activities that communicate offerings that have value for society at large organizations that devel
Activities that promote products and services that are valuable to society at large. processes that add value for clients. Institutions that facilitate the exchange of goods and services that are valuable to clients.
What is Marketing?
This field of study focuses on the analysis of market and consumer behaviours as well as how businesses manage their commercial operations to draw in, acquire, and keep customers by meeting their needs and wants and inspiring loyalty to the brand.
Marketing is defined as the process of promoting and selling goods and services, including market analysis and advertising. Every business and organization today needs to include marketing in its growth plan.
Many businesses, in their efforts to advertise themselves and boost sales of their good or service, employ marketing tactics to achieve their objectives without even being aware of it. Marketing is one of the most important components of businesses nowadays.
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Which of the following factors determines the structure, features, and functions of an information system used in a company?the size of the companythe value of its brandsthe competitive strategythe technology used by competitors
The provided statement claims that a company's information system's structure, features, and operations are determined by aspects related to its competitive strategy.
What is the short definition of a company?A corporation that seems to be different from its owners legally is a corporation. Because of new reporting with higher-level duties, the business structure is more extensive and has greater setup and administration expenses.
How should I sum up a business?A business's goal, purpose, and ties are outlined in some kind of a company description. The identity of the organization, its organizational structure, its goal purpose, and a description of the customer base are frequently included in these documents.
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The complete question is-
Which of the following factors determines the structure, features, and functions of an information system used in a company?
the size of the company
the value of its brands
the competitive strategy
the technology used by competitors
Which of the following statements are true of gross national income? (Check all that apply.)
It includes income from domestic production of goods.
It includes the total value of all income generated by residents of a nation.
It subtracts income paid to entities outside the nation.
It includes income from services abroad.
The following statement that true about gross national income are:
It subtracts income paid to entities outside the nation.It includes income from services abroad.It includes the total value of all income generated by residents of a nation.It includes income from domestic production of goods.In economic and business, Gross national income or also known as GNI generally can be described as gross domestic product, plus net receipts from abroad of compensation of employees, property income and net taxes less subsidies on production The average value of Gross National Income in US is $6,228 per month in 2021.
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a(n) is one in which the salesperson or company contacts customers from time to time with suggestions about improved product use or helpful new products.
Marketing is one in which the salesperson or company contacts customers from time to time with suggestions about improved product use or helpful new products
Personal selling, commonly referred to as face-to-face selling, is a sales technique where a single salesperson tries to persuade a consumer to purchase a product.
Any product or service transaction that takes place in-person is referred to as a "outside sale." Because outside sales staff meet with their prospects wherever they may be, these sales are commonly referred to as "field sales."
Prospecting is the initial stage of the sales process. You locate potential clients in this stage and assess if they require your good or service and whether they can afford what you have to offer.
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A relationship management is the one wherein the salesperson or the company connects with its customers on timely basis with suggestions about the improved usage of its products or helpful products or newly launched ones.
Relationship management is an important aspect of any business organization, wherein the entire focus of the company is to target its existing customers for taking essential feedbacks related to improved user experience, and also pitch potentially buyable new products to them at the same time.
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