The art and science of positioning customers to increase an organization's profitability is known as customer relationship management.
How profitable is customer relationship management?
A business strategy known as customer relationship management (CRM) promotes customer satisfaction and loyalty while simultaneously optimizing revenue and profitability.Strategy is made possible by CRM technologies, as is the identification and management of in-person and virtual customer relationships.
What does Customer Relationship Management (CRM) entail?
A technology for managing all of your company's interactions with customers and potential customers is customer relationship management (CRM).The objective is clear:Enhance business connections.A CRM system aids businesses in enhancing profitability, streamlining procedures, and maintaining customer contact.
Learn more about customer relationship management here:
https://brainly.com/question/13925067
#SPJ4
the cyclically adjusted budget deficit: adjusts the deficit for inflation. estimates what the deficit would be if the economy were operating at the natural rate of output. accounts for assets as well as liabilities. measures the impact of fiscal policy on the lifetime incomes of individuals of different ages.
A cyclically adjusted deficit is a fiscal deficit caused by a slowing economy rather than by fiscal policies such as increased discretionary spending or lower tax rates.
The cyclically adjusted price/earnings ratio, commonly known as the CAPE, Shiller P/E, or P/E 10 ratio, is a valuation metric typically applied to the U.S. S&P 500 stock market. It is defined as the inflation-adjusted price divided by the 10-year average return (moving average).
A cyclical adjustment deficit is a fiscal deficit caused by a slowing economy rather than by fiscal policies such as increased discretionary spending or lower tax rates.
A cyclically adjusted budget is the budget that would result if the economy were operating at full employment. A periodically adjusted budget is also known as a full employment budget.
Learn more about cyclically adjusted https://brainly.in/question/32363386
#SPJ4
d) if aggregate supply is vertical, what role does aggregate demand play in determining output? in determining the price level?
At the long way proper, the combination supply curve turns almost vertical. At this amount, better expenses for outputs can't encourage extra output because even though corporations need to amplify output, the inputs of exertions and machinery inside the economic system are fully employed.
The vertical axis represents the price level of all final items and offerings. The aggregate rate degree is measured by either the GDP deflator or the CPI. The horizontal axis represents the actual amount of all items and services purchased as measured by using the level of actual GDP.
If you had been to symbolize combination demand graphically, the aggregate quantity of products and offerings demanded might be located at the horizontal X-axis, and the overall fee level of the complete basket of goods and offerings would be represented at the vertical Y-axis.
Learn more about aggregate demand here:
https://brainly.com/question/1490249
#SPJ4
per unit marshall company purchases a machine for $1,040,000. the machine has an estimated residual value of $100,000. the company expects the machine to produce two million units. the machine is used to make 600,000 units during the current period. if the units-of-production method is used, the depreciation rate is:
Calculating the depreciation per unit is the first step in applying the units-of-production technique.
Depreciation per unit is calculated by dividing the cost-residual value by the estimated life in units.
The formula for depreciation per unit is (1,040,000 - 100,000)/600,000.
Each unit of depreciation costs 1.56 cents.
The second step is to determine the depreciation for the period.
Depreciation for a certain time period is calculated by multiplying the actual units produced during that time by the depreciation per unit.
Depreciation for the time period is equal to 1.56 * 600,000.
Depreciation for this time frame is 936,000.
Learn more about depreciation visit: https://brainly.com/question/15085226
#SPJ4
the dollar store, dollar general, and dollar tree are discount stores that______ so they can sell goods at lower prices than usual.
The dollar store, dollar general, and dollar tree are discount stores that lower profit margins so they can sell goods at lower prices than usual.
The net profit margin, which is typically expressed as a percentage, is a reliable predictor of a company's overall success. But bear in mind that a single number in a report from a corporation is rarely sufficient to highlight overall company performance. If expenses rise along with sales, the increase in revenue could result in a loss. On the other hand, a drop in income combined with strict cost management measures could increase the company's profit.
A corporation that has a low net profit margin either has an inefficient cost structure or uses bad pricing tactics. Consequently, a low ratio may be caused by:
inadequate managementHigh prices (expenses)Poor pricing tacticsInvestors should utilize the profit margin ratio's figures as a general gauge of a company's profitability performance and, as necessary, start more in-depth investigations into the factors that contribute to profitability increases or decreases.
To learn more about net profit margin please click on the given link: https://brainly.com/question/16788690
#SPJ4
in addition to sanctions imposed by the maryland real estate commission, serious violations of real estate license laws can result in what?
Both you and your broker might be penalized for significant offenses when they were known to them, and both of you could have your licenses suspended or revoked.
If you are found guilty of a significant offense in Pennsylvania and it is discovered that your broker knew about it, what is the worst-case scenario?Both you and the broker might get fines and have your licenses revoked or suspended.
What is the maximum fine that the Maryland real estate commission will impose?The most severe penalty will consist of a real estate license being revoked and a hefty fine exceeding $10,000. This could occur if a Maryland real estate broker collects rental income on the client's behalf but does not give the client access to the funds.
To Know more about penalized
https://brainly.com/question/15055317
#SPJ4
Management by measurement is a control principle that states that managers should be informed of a situation only if data show a significant deviation from standards.
True
False
It is false that management by measurement is a control principle that states that managers should be informed of a situation only if data show a significant deviation from standards.
A control principle known as "corrective action" suggests that managers should only be made aware of a situation if data reveal a considerable departure from norms.
Management through measurement is the process of identifying key performance indicators that managers may use to measure how successfully their teams are achieving predetermined goals.
Establishing the performance standard that will be regulated is the first stage in any control procedure. A standard is a benchmark that can be used to compare processes or performance.
To know more about Management click here:
https://brainly.com/question/29023210
#SPJ4
the following sales and cost data (in thousands) are for two companies in the transportation industry:
Sales and cost data are for two companies in the transportation industry:
1 a. The following information is required to calculate degree of operating leverage for company A
The contribution margin is $90,000
The operating profit is $57,600
The degree of operating leverage is calculated below
Degree of operating leverage = Contribution / operating profit
=$90,000 / $57,600
=1.5625 or 1.56 rounding off to 2 decimals
The degree of operating leverage is 1.56 for company A
b) The following information is required to calculate degree of operating leverage for company B
The contribution margin is $126,000
The operating profit is $64,600
The degree of operating leverage is calculated below
Degree of operating leverage = Contribution / operating profit
=$126,000 / $64,600
=1.9505 or 1.95 rounding off to 2 decimals
The degree of operating leverage is 1.95 for company B
1b) if the sales increase from current level the company B will have higher contribution and operating income in terms of percentage growth than Company A. This is because the DOL is higher for company B than company A.
2)The following information is required to calculate the percentage increase in profit for company A
The increase in sales turnover is 20%
The degree of operating leverage is 1.56 for company A
The change in profit percentage is calculated below
Change in profit percentage = increase in sales percentage x degree of operating leverage
= 20% x 1.56
=31.20 %
The increase in profit percentage would be 31.20% for company A
The following information is required to calculate the percentage increase in profit for company B
The increase in sales turnover is 20%
The degree of operating leverage is 1.95 for company B
The change in profit percentage is calculated below
Change in profit percentage = increase in sales percentage x degree of operating leverage
= 20% x 1.95
=39 %
The increase in profit percentage would be 39% for company B
The company will have greater increase than company B because of higher degree in operating leverage
To know more about Sales visit:
https://brainly.com/question/29436143
#SPJ4
The sales philosophy and process that emphasizes a commitment to maintaining customer relationships over the long term and investing in opportunities that are mutually beneficial to all parties is known as ________ selling.
Relationship selling is a sales concept and method that places an emphasis on a dedication to long-term client relationships and investing in possibilities that benefit all parties.
What does the word "selling" really mean?sales, to provide to or end on behalf of another in return for cash; sell to a buyer for a fee: He paid me $1,000 to buy the automobile, which he dealt in, kept, or offered for sale.
Do selling and making sales equate?Sale, which appears in the expressions for sale as well as on sale, refers to a trade at a discounted price. When used as a verb, sell means to provide something in return for money, or to encourage or persuade someone to do something.
To know more about selling visit:
https://brainly.com/question/22521384
#SPJ4
suppose you are a manager of a firm that operates in a duopoly. recently, the state attorney general fined you and your competitor for price fixing. in your market, firms only set prices, not total quantities to sell. from previous experience, you know your competitor has a marginal cost of $ 7.66 . further, your marginal costs are $ 7.64 . the previous cartel price was $10.00, when you and your competitor were price fixing. what price level do you now choose to maximize profits? $7.66 $10.08 $10.00 $7.64 $7.56 $7.65
The price level that one will choose to maximize profits is $7.65
What is profit maximization?Profit maximization in economics refers to the process by which a firm determines the price, input, and output levels that will result in the highest possible total profit in the short or long run. Profit maximization identifies that point that is, the optimum output at which your company is most profitable.
In other words, at the maximum level of output, the profit-maximizing quantity and price can be determined by setting marginal revenue equal to zero. When the total revenue curve reaches its maximum value, marginal revenue equals zero. A scheduled airline flight is an example.
In this situation, from previous experience, the competitor has a marginal cost of $ 7.66 and the marginal costs are $ 7.64, therefore the ideal price will simply be below the price of the competitor and be above the marginal cost.
This will be $7.65.
Learn more about profit on:
https://brainly.com/question/1078746
#SPJ1
question mode multiple choice question a company's payroll register showed total employee earnings of $3,000 for the payroll period ended january 31. the employer's share of the social security tax is $186, and medicare tax is $43.50. the general journal entry to record the employer's payroll taxes for the period will include a debit to the account.
A company's payroll register showed total employee earnings of $3,000 for the payroll period ended January 31. The employer's share of the social security tax is $186, and Medicare tax is $43.50. The general journal entry to record the employer's payroll taxes for the period will include a debit to the payroll taxes expense account.
What are payroll taxes?
Payroll taxes consist of the following:
Wage taxNational insurance contributionsEmployed person's insurance contributionsIncome-dependent contribution pursuant to the Health Care Insurance Act (Zvw)Wage tax:On the wages, you deduct wage tax. Wage taxes are an income tax advance levy. The employee will either not pay income tax or pay less income tax as a result of your wage tax withholding and payment to the Tax and Customs Administration.
National insurance contributions:
The Netherlands' residents and workers are protected against the financial ramifications of old age, death, exceptional medical expenses, and costs associated with raising children through national insurance schemes, which are social security insurance programs in which participation is required by law. The elements of the national insurance programs are:
General Old Age Pensions Act (AOW)Surviving Dependants Act (Anw)Long-Term Care Act (Wet langdurige zorg, Wlz)General Child Benefit Act (AKW)Employed persons' insurance contributions: The employed persons' insurance schemes are:
Sickness Benefits Act (ZW)Invalidity Insurance Act (WAO) / Work and Income according to Work Capacity Act (WIA)Unemployment Insurance Act (WW)You, as the employer, bear the full cost of the contributions.
Learn more about Payroll taxes to visit this link
https://brainly.com/question/9497135
#SPJ4
the travel industry uses dsss for yield management. what is yield management, and what is the output of a yield management dss? how does it affect revenue and operations?
Businesses in the hospitality, aviation, and other tourism-related industries frequently use yield management as a pricing approach to maximize income from perishable inventory.
A yield management technique enables hotel operators to maximise the revenue they generate from a limited number of hotel rooms that must be booked by particular dates. Managers can predict demand and adapt in accordance with it by using historical performance data and broad industry trends. Two of the most helpful tools accessible to managers in the field of hotel management are yield management and revenue management, which enable them to maximise the revenue they receive from guests. Despite the tight connections and many similarities between the two ideas, there are also some significant distinctions. Please read the article "What is Revenue Management?" for more information on revenue management in detail.
Learn more about yield from
brainly.com/question/14804334
#SPJ4
assess tesla's overall strategy in the electric vehicle. do you think tesla is building a sustainable business model as an automaker? explain?
The most well-known product from Tesla, its electric vehicles, are really more environmentally friendly than conventional cars with combustion engines.
Briefing:-Electric vehicles produce more pollutants during production, but after 20,000 miles on the road, when they are driving much less, they become more environmentally beneficial.
In its role as an automaker, is Tesla pursuing a sustainable business model?In order to "accelerate the advent of sustainable mobility by bringing appealing mass-market electric cars to market as soon as possible," Tesla's creator and CEO Elon Musk established the firm.
1 Tesla's profitable business strategy is built on this aim.
What enables Tesla to remain viable?For instance, Tesla offers both homeowners and businesses the chance to produce solar energy using solar panels and store it in a Powerwall battery. Tesla says it also wants to make sure its batteries are recycled ethically and for a longer period of time.
To Know more about Electric vehicles
https://brainly.com/question/28174365
#SPJ4
amco airlines decides to lower its price in response to un airlines' price reduction. in game theory, this response is:
amco airlines decides to lower its price in response to un airlines' price reduction. in game theory, this response is a stretegy.
What does the idea of game theory mean?The study of mathematical models of tactical encounters between rational agents is known as game theory. It has uses in computer science, logic, and all branches of social science. Game theory is the study of how interdependent decisions made by economic agents lead to outcomes that are related to their preferences (or utilities), even when none of the actors may have intended the results in issue.
To know more about game theory visit:
https://brainly.com/question/28463553
#SPJ4
Large firms may create a secure website known as a ____________ to link to suppliers and key business partners.
Private industrial networks—secure websites made by large businesses—might be developed. to connect with suppliers and important business partners.
what is The definition of a privately held exchange?Private exchanges are run and owned by a single organization. The exchange is only used by the owner to exchange data with reputable suppliers and clients. Through those exchanges, customers can organize and control their purchases from favored providers.
what is An example of a virtual private company?The same technology is used by public operator-run LTE networks and private LTE networks for regular mobile phones. One significant distinction is that the private broadband network is totally on-site in the business's own operating environment and is managed by the business.
To know more about private network company visit:
https://brainly.com/question/14620480
#SPJ4
Who will have the most money to spend on a new car at the end of the 5 years? will have the most money to spend.
The general rule of thumb is to stick to a budget that is no higher than 50% of your annual wage. You can decide whether to take into account gross income or net income. You can accept a budget of Rs. 10 lakhs if your yearly salary is that amount.
How much cash is required to purchase a car?One must make sure that only 10% of the family's annual income and car-related expenses should be taken into account. Poor planning can influence future expenditures and prevent you from making financially irresponsible decisions. Nobody can prevent you from purchasing your ideal vehicle.
What should I spend on a car if I make $100,000?Numerous lenders accept DTIs of around 50% for auto loans (including refinance loans). Using the 36% method, multiply your family's income by 0.36 to get the size of the car you can buy. So, for instance, if you make $100,000, you might, provided you have no other debt, afford to take out a car loan of up to $36,000.
To Know more about gross income
https://brainly.com/question/26479727
#SPJ4
an internal report that helps management compare actual performance and budgeted performance based on actual activity level is called a(n): multiple choice static budget performance report. sales budget performance report. flexible budget performance report. master budget performance report. operating budget performance report.
Sales budget performance report is an internal document that assists management in comparing real performance to budgeted performance based on actual sales volume and displays variations between actual and budgeted amounts.
The actual outcomes for a period are compared to the budgeted results produced by a Sales budget using a flexible budget performance report. This report differs from a typical budget versus actual report in that actual sales data is input into the budget model, which subsequently adjusts the budgeted spending amounts using algorithms. With this strategy, budgeted costs are substantially more in line with the performance that a business really experiences .If the Sales budget model is built to adequately respond to actual sales data, the ensuing performance report should roughly mirror actual spending. This makes it simpler to find report anomalies, which ought to be uncommon.
Learn more about budget from
brainly.com/question/27201970
#SPJ4
on november 1, alan company signed a 120-day, 12% note payable, with a face value of $19,800. what is the adjusting entry for the accrued interest at december 31 on the note? (use 360 days a year.).
The interest accrual adjusting entry On the note, $198 is due as of December 31.
Interest rate equals 9900 x ((12% / 360) x 60) = $198
Interest expense Dr. $198
To Interest payable $198
The expense of interest is the price of borrowing money. It's the charge a lender makes to a borrower for using the lender's funds. The interest rate on the income assertion can be the cost of borrowing money from banks, bond holders, and other assets.
An entity's cost for obtaining borrowed funds is known as an interest expense. A non-working cost that is demonstrated at the profits declaration is interest expense. It stands for the interest that must be paid on all borrowings, including bonds, loans, convertible debt, and credit lines.
Finally, the cost of borrowing is the interest.
value or financial benefit that the company experiences
While it rents an asset or borrows money.
The amount due at the end of an accounting year or work cycle is known as interest payable. This amount is a current obligation since current obligations are due within a year.
To know more about Interest expense visit:
https://brainly.com/question/17157138
#SPJ4
It is 2019, and you work in finance for a large international media company. Your firm took out a $500m amortizing fixed-rate commercial mortgage on your U.S. corporate headquarters two years ago. The coupon rate on the mortgage is 5%, and the loan initially had a 25 year amortization period, and a 10 year balloon payment. (Note: Since two years have passed, this balloon payment will now occur in eight years time) c. Calculate the monthly payment on this mortgage and the current face value on this mortgage.
It's far 2019, and we figure in finance for a huge worldwide media organization. Our company took out a $500m amortizing fixed-charge commercial mortgage on 876|cutting-edge Face fee of the loan .|$ _478,853,476.13 |.
{869| unique mortgage amount $ _500,000,000.00
{870|Coupon fee five%
871 | original term 25|
872/ month-to-month payment [$ 2,922,950.21 |
1873| Years to balloon charge 10|
{874[ Balloon payment amount $ 369,622,377.91
{875 contemporary years to balloon price 3
876|modern-day Face value of mortgage __|$ _478,853,476.thirteen
A business loan is a loan secured via business assets, inclusive of an office constructing, purchasing center, industrial warehouse, or condo complicated. The proceeds from a commercial mortgage are usually used to acquire, refinance, or redevelop the business property.
Learn more about commercial mortgages here
https://brainly.com/question/1318711
#SPJ4
christopher manages a grocery store in a country experiencing a high rate of inflation. he is paid in cash twice per month. on payday, he immediately goes out and buys all the goods he will need over the next two weeks in order to prevent the money in his wallet from losing value. what he can't spend, he converts into a more stable foreign currency for a steep fee. this is an example of the
If christopher manages a grocery store in a country experiencing a high rate of inflation in which what he can't spend, he converts into a more stable foreign currency for a steep fee. this is an example of the Shoe-leather Costs .
What is Shoe-leather Costs?
Shoe-leather Costs can be defined as the way in which a person tend to spend the money they have at hand so as to avoid having cash at hand. A person may tend to engage in this act so as to reduce inflation tax they may experience as a result of having cash.
A person who has cash can as well convert the cash into a more reliable currency so as to prevent paying inflation tax on the cash they have.
Therefore this is an example of Shoe-leather Costs.
Learn more about Shoe-leather Costs here:https://brainly.com/question/15052125
#SPJ1
if, for a perfectly competitive firm, marginal cost is greater than marginal revenue for the 100th unit, then it follows that group of answer choices producing the 100th unit adds more to total revenue than it does to total cost. producing the 100th unit adds more to total cost than it does to total revenue. marginal cost equals marginal revenue for the 99th unit. the firm is not maximizing profit, or minimizing losses, if it produces the 100th unit. b and d
The Correct option is E. Producing the 100th unit adds more to total cost than it does to total revenue and the firm is not maximizing profit or minimizing losses.
In economics, the marginal price is the trade inside the general value that arises while the quantity produced is incremented, the fee of producing additional quantity. In some contexts, it refers to an increment of 1 unit of output, and in others, it refers to the fee of change of general fee as output is multiplied by an infinitesimal amount.
The marginal cost refers back to the growth in production costs generated by the manufacturing of additional product devices. it's also referred to as the marginal value of manufacturing. As discernment 1 shows, the marginal fee is measured in dollars per unit, whereas the overall fee is in dollars, and the marginal cost is the slope of the full cost, the charge at which it increases with output. The marginal fee isn't like the common fee, that is the total cost divided by using the number of units produced.
To learn more about marginal cost visit here:
brainly.com/question/7781429
#SPJ4
bill and jill evaluate your performance. the consistency between these two raters who evaluate you is known as:
These two raters' consistency is referred to as inter-rater or inter-observer reliability.
How can we determine whether raters are trustworthy?The percentage of items that the judges agree on can be calculated as a straightforward technique to assess inter-rater reliability. This is referred to as percent agreement, and it always falls between 0 and 1, with 0 denoting complete disagreement among raters and 1 denoting perfect agreement.
Which phrase best sums up an evaluation measure's consistency?The degree to which an evaluation instrument yields reliable and consistent results is known as reliability. Test-retest reliability is a metric of dependability that is acquired by giving a group of people the same test more than once throughout time.
To know more about consistency visit:-
https://brainly.com/question/3935025
#SPJ4
why does the shortrun aggregate supply curve shift to the left in the long run, following an increase in aggregate demand?
The aggregate supply curve shifts to the left as the price of key inputs rises, making a combination of lower output, higher unemployment, and higher inflation possible.
When an economy experiences stagnant growth and high inflation at the same time it is referred to as stagflation.
whilst the charge degree modifications and corporations produce more in reaction to that, we circulate along the SRAS curve. but, any alternate that makes manufacturing special at every possible fee level will shift the SRAS curve. occasions like these are called “shocks” because they are not predicted.
the short-run aggregate supply curve will shift to the left. If oil prices rise unexpectedly, the short-run aggregate supply curve will shift to the left.
Learn more about stagflationhttps://brainly.com/question/29617114
#SPJ4
because our flight monitor product is the best on the market, we are certain you will place an order next month. one of our representatives will be coming by next tuesday to complete your order. too pushy too general too timid
Because our flight monitor product is the best on the market, we are certain you will place an order next month. one of our representatives will be coming by next Tuesday to complete your order too pushy. The correct option is (A).
What do you mean by the product?The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form.
Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged.
A product is anything that can be supplied to a market in order to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made accessible for consumer usage in response to consumer demand.
Therefore, Without considering the buyer's point of view or giving them chance to ask the questions related to product, they are sending a representative to complete the order. So, the correct option is too pushy.
To know more about the product, visit:
https://brainly.com/question/22852400
#SPJ1
Assume a simple model with only two countries: Japan and Canada, and two goods: cars and bacon. Suppose that the opportunity cost for Japan to produce 1 car is 2 units of bacon and the opportunity cost for Canada to produce 1 car is 4.5 units of bacon. Which of the following statements is true?
Based on the concrete opportunity cost and the situation described above, the statement that suture regarding Japan and Canada is that Japan would be economically better off if it produced cars and traded with Canada for bacon.
What is Opportunity Cost?Opportunity cost is an economic term that is used to describe the time and money spent time spent in studying and assembling or producing something else.
In other words, opportunity cost simply means the value of what a business or individuals have to give up to choose something else.
For example, as in this case, if Japan chooses to make a car, the opportunity cost is giving up 2 units of bacon. And if Canada chooses to make this one car, it uses 4.5 units of bacon.
This implies that Japan can easily provide cars at a cheaper cost than Canada.
Hence, in this case, it is concluded that the statement is correct in that Japan would be economically better off if it produced cars and traded with Canada for bacon.
Learn more about Opportunity Cost here: https://brainly.com/question/481029
#SPJ1
while minimotors has focused on improving production efficiencies, global customers are inquiring about its environmental policies. in light of its strategy to serve european customers, sparky has requested two of its lead engineers to investigate what it would take to meet the environmental standards of its socially responsible customers. the engineers should investigate as best practices for managing a firm's impact on its environment.
The letter "B" is the correct response:ISO 14000.
The ISO 14000 standard, which stands for the International Organization for Standardization, is a set of guidelines for managing environmental systems that deal with protection, prevention, pollution, and social and economic requirements.ISO 14000 aims to strike a balance between reducing environmental damage and saving money.
What is ISO and what does it do?
The ISO (International Organization for Standardization) is an independent, non-governmental organization that creates standards to guarantee products, services, and systems' quality, safety, and effectiveness.
What Kind of ISO Standard Is It?
The manufacturing of wine glasses, food safety regulations, and the calibration of thermometers are all examples of ISO standards.ISO principles additionally cover shoe sizes, melodic pitches, security the executives, and ecological administration.
Learn more about ISO here:
https://brainly.com/question/1341173
#SPJ4
Leading business writers emphasize that __________ is one of the most important and challenging tasks in the decision-making process. (a) Escalation of commitment (b) Rational maximization (c) Translating decisions into action (d) Confirmation bias (e) Bounded rationality
Leading business writers emphasize that execution—translating decisions into action—is one of the most important and challenging tasks in the decision-making process.
What do you mean by the decision-making process?Making decisions involves identifying a course of action, acquiring data, and weighing potential answers. By gathering pertinent data and outlining options, a step-by-step decision-making process can assist you in making more careful, considered decisions.
Why is decision-making so important?Decision-making is crucial since it enables you to select from a variety of possibilities. Gathering all relevant data and weighing its benefits and drawbacks are necessary steps before reaching a decision. In order to make the best judgments, it is essential to concentrate on the actions that can assist.
To know more about decision making visit:
https://brainly.com/question/19901674
#SPJ4
refer to scenario 13-3. what is the total opportunity cost of the day that farmer ziva spent in the field planting lettuce?
Based on scenario 13-3, the total opportunity cost of the day that Ziva spent in the field planting lettuce is $380.
Opportunity cost shows the value someone has to lose to choose another option. In Ziva's case, there are 2 types of costs incurred can be categorized into the opportunity costs: Implicit and explicit costs.
Implicit costs are the opportunity cost of using already owned resources. In Ziva's case, implicit cost is related to the profit Ziva could make if she works as a consultant for the day, or equals to $250 ($25 x 10 hours).
Explicit costs are the payment that are actually made. In Ziva's case, explicit cost appears in the form of the lettuce seed's cost, $130.
Hence, the total opportunity costs of Ziva's decision to spend the day in the field planting lettuce is:
Total opportunity cost = Implicit costs + Explicit costs
Total opportunity cost = $250 + $130
Total opportunity cost = $380
Learn more about Opportunity Costs here: https://brainly.com/question/27042286
#SPJ4
Complete Question:
Scenario 13-3.
Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As a consultant, Ziva helps people organize their houses. Due to the popularity of her home-organization services, Farmer Ziva has more clients requesting her services than she has time to help if she maintains her farming business. Farmer Ziva charges $25 an hour for her home-organization services. One spring day, Ziva spends 10 hours in her fields planting $130 worth of seeds on her farm. She expects that the seeds she planted will yield $300 worth of lettuce.
refer to scenario 13-3. what is the total opportunity cost of the day that farmer ziva spent in the field planting lettuce?
fred is the chief financial officer for tellcom industries. tellcom is preparing a registration statement to be used in conjunction with a new stock offering. to make the offering attractive to investors, fred provides inflated financial information about the company in the registration statement. samantha purchases the stock, and, when she finds out about the fraudulent information, she sues. to successfully sue tellcom and fred, samantha must prove:
Fred is the chief financial officer for telecom industries.to successfully sue tellcom and fred, samantha must prove: only that there was a material misstatement or omission and that she lost money.
Industry, organization of effective firms or businesses that produce or deliver items, offerings, or assets of earnings. In economics, industries are normally categorized as number one, secondary, tertiary, and quaternary; secondary industries are in addition categorized as heavy and light.
We are a global chief inside the innovative era of overall performance additives, manner solutions, active pharmaceutical ingredients, and chemical intermediates. Our answers are crucial to many various industries and packages, creating exquisite consequences.
Learn more about industries here:https://brainly.com/question/26521390
#SPJ4
malcolm’s employer automatically deducts 37.7% from his paycheck every month for taxes, insurance premiums, retirement accounts, and so on. he ends up taking home $39560.50. what was his gross pay?
The gross pay of the malcolm’s employe is $ 104,935.0133.
Gross pay is what an employee earns before taxes, benefits and other withholdings are deducted from pay. the amount that is final after taking into account all deductions is the net salary or household salary.
Calculation:-
net pay = $39560.50
gross pay × 37.7 % = net pay
X × 37.7 /100 = $39560.50
X = $39560.50 × 100 ÷ 37.7
= $ 104,935.0133
Basic income is the salary agreed between the company and the employee and now does not include overtime or bonuses. Gross wages, but this is the amount paid before taxes or other deductions, consisting of overtime wages and bonuses.
Learn more about gross pay here:
https://brainly.com/question/14311183
#SPJ4
victor valencia is paid $10 per hour. during the week ended 6/30, victor worked 40 hours. assuming a 6.2% social security tax, the company would withhold $ from victor's gross pay for social security taxes.
If the social security tax was 6.2%, Dora's employer would deduct $24.48 from her gross pay as social security taxes.
A social security tax is what?
The federal Old Age, Survivors, and Disability Insurance program, which is run by the Social Security Administration, is commonly referred to as "Social Security" in the United States. The current Social Security Act, as amended, covers a number of social welfare and social insurance programs. The original Social Security Act was passed in 1935. The Federal Insurance Contributions Act (FICA) and the Self-Employed Contributions Act Tax (SECA) are payroll taxes that are primarily used to fund Social Security (SECA).
Know more about social security taxes visit:
https://brainly.com/question/18268724
#SPJ4