direct benefit by usig bim for cm planning include:?? choose all applicable improved communication all correct enforced consistency early detection of constructability issues

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Answer 1

Contractors and designers can optimize their workflows before construction begins by using the resources provided by BIM software. Significant cost reductions and waste reduction may result from this.

Additionally, BIM designs enable far greater collaboration and communication between various project participants. It ensures that everyone is always working with the most recent model because it enables different experts to view BIM blueprints whenever they need to. By doing this, you can lessen mistakes and rework caused by using wrong or incomplete information. Contractors and designers can optimize their workflows before construction begins by using the resources provided by BIM software.

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what can happen when a government continues to use expansionary fiscal policy even as government debt becomes a problem?

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Real growth can continue to fall when a government continues to use expansionary fiscal policy even as government debt becomes a problem

The general government sector's gross debt, which is comprised of liabilities and debt instruments, is the standard unit of measurement for government debt. A debt instrument is a monetary claim that calls for future interest and/or principal payments from the debtor to the creditor. Examples include loans, debt instruments (such as bonds and bills), and liabilities relating to government employee pensions.

The national debt is comparable, in essence, to someone making purchases with a credit card and not paying the full balance each month. A deficit is the difference between the cost of purchases and the amount paid off; cumulative deficits over time constitute an individual's total debt.

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triangle enterprises has both debt and equity, and it can borrow at 9 percent. the firm's wacc is currently 14.7 percent, and there is no corporate tax. if the firm has 70 percent debt, what will its cost of equity be?

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Triangle enterprises has both debt and equity, and it can borrow at 9 percent. the firm's wacc is currently 14.7 percent, and there is no corporate tax. if the firm has 70 percent debt, its cost of equity will  be  24.47 %.

The return a company theoretically gives to its equity investors, or shareholders, to make up for the risk they assume by investing their money, is known in finance as the cost of equity. For a business to function and expand, it needs funding from other sources. Those individuals and organizations who are willing to offer money to others naturally desire payment. Just as landlords want rent for their homes, capital providers seek returns on their investments that must be proportional to the level of risk involved.  Lenders and equity investors are the two main types of cash sources for businesses. Lenders want to be compensated with interest, while equity investors want dividends and/or an increase in the value of their investment, from the standpoint of those who give capital.

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the sales process begins with the salesperson locating companies or people who are most likely to buy the seller's offerings. this activity is called:

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Finding businesses or individuals who are most inclined to buy the vendor's offerings is known as prospecting, which is the first step in the sales process.

What exactly does it mean to prospect?

The first stage in the selling process is prospecting, which entails locating potential clients, also known as prospects. The aim of prospecting is to create a database of potential consumers, then communicate with them in a methodical manner in the hopes of turning them from potential customers to present customers.

Is marketing the same as prospecting?

Prospecting is the key to closing the deal and keeping your clients satisfied moving forward, whereas marketing can shorten the sales cycle or even direct you to new prospects. Make sure the marketing initiatives will complement your business when you start to think about it.

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how is mutual accountability fostered? multiple choice individuals take ownership of information. managers have knowledge related to the work. supervisors have discretion over resources used. team leaders have authority over how goals are met. team members share accountability for the work.

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Mutual accountability is fostered when team members share accountability for the work. This means that everyone on the team takes responsibility for the success or failure of the project.

How is mutual accountability fostered?

Mutual accountability is fostered when team members share accountability for the work. This means that everyone on the team takes responsibility for the success or failure of the project. They understand their individual roles and the importance of their contributions, and they work together to ensure that their collective efforts result in success. This encourages a sense of collaboration and trust within the team, which leads to better communication and problem solving.

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Which of the following economic principles is generally dominant in industrial society?
A. generalized exchange
B. the market principle
C. redistribution
D. negative reciprocity
E. balanced reciprocity

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The market principle of the following economic principles is generally dominant in industrial society.

What distinguishes generalized reciprocity from balanced reciprocity?

Contrary to generalized reciprocity, balanced reciprocity is more of a direct exchange in which something is given or exchanged with the expectation that it would be returned in exchange for something else of equal value within a predetermined time frame.

Negative reciprocity: This type of reciprocity arises when one party tries to benefit more from the exchange than the other. One illustration of negative reciprocity is the sale of a desperately needed item at an exorbitant price.

A sort of trade of products and/or services known as "generalized reciprocity" occurs when the giver and the recipient do not maintain an exact ledger of value or specify the quantity or time frame of return. The exchange is anticipated to balance.

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Fixed Asset Purchases with Note On June 30, Collins Management Company purchased land for $320,000 and a building for $480,000, paying $400,000 cash and issuing a 7% note for the balance, secured by a mortgage on the property. The terms of the note provide for 20 semiannual payments of $20,000 on the principal plus the interest accrued from the date of the preceding payment. If an amount box does not require an entry, leave it blank. a. Journalize the entry to record the transaction on June 30. June 30 Building 480,000 Land 320,000 Notes Payable 400,000 Cash 400,000 b. Journalize the entry to record the payment of the first installment on December 31. 20,000 Dec. 31 Notes Payable Interest Expense Cash C. Journalize the entry to record the payment of the second installment the following June 30. June 30 Notes Payable Interest Expense Cash

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a        

June 30 Building 480000    

 Land 320000    

     Notes Payable   400000  

     Cash   400000  

       

b        

Dec 31 Notes Payable 20000    

 Interest expense 14000    =400000*7%*6/12

      Cash   34000  

       

c        

June 30 Notes Payable 20000    

 Interest expense 13300    =(400000-20000)*7%*6/12

      Cash   33300

An price is an item requiring an outflow of money, or any shape of fortune in wellknown, to another man or woman or group as payment for an item, carrier, or other class of expenses. For a tenant, rent is an rate. for college kids or parents, tuition is an fee. shopping for food, garb, furniture, or an vehicle is regularly known as an expense. An cost is a value that is "paid" or "remitted", normally in trade for some thing of fee. some thing that appears to fee a wonderful deal is "high priced". something that seems to price little is "less expensive". "fees of the desk" are fees for eating, refreshments, a feast, and so forth.

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The Beatles Co. began construction of a recording studio on January 1, 2020 and completed the studio on October 31, 2021. The details on the expenditures relating to the project were as follows: January 1, 2020 March 31, 2020 October 1, 2020 February 1, 2021 April 30, 2021 $ 1,400,000 2,700,000 900,000 1,800,000 1,500,000 The company provided the following information on its various debts outstanding during the entire period of the construction: 12%, ten-year note issued on December 31, 2012 1,000,000 9%, five-year bank loan taken on January 1, 2019 2,000,000 The capitalzied cost of the recording studio on Beatles' balance sheet after October 31, 2021 was: Multiple Choice $8,665,000. O $9,453,500. $8,300,000. O $8,900,000. The Beatles Co. began construction of a recording studio on January 1, 2020 and completed the studio on October 31, 2021. The details on the expenditures relating to the project were as follows: January 1, 2020 March 31, 2020 October 1, 2020 February 1, 2021 April 30, 2021 $ 1,400,000 2,700,000 900,000 1,800,000 1,500,000 The company provided the following information on its various debts outstanding during the entire period of the construction: 12%, ten-year note issued on December 31, 2012 $1,000,000 9%, five-year bank loan taken on January 1, 2019 $2,000,000 Beatles' capitalzied interest in 2020 was: Multiple Choice $438,000. O $387,500. o $300,000 $365,000

Answers

B) The capitalized cost of the recording studio on the Beatles' balance sheet after October 31, 2021 was $9,453,500.

Calculate the total cost of the recording studio:

1,400,000 + 2,700,000 + 900,000 + 1,800,000 + 1,500,000 = 8,300,000

Calculate the interest on the debts outstanding during the entire period of construction:

12%, ten-year note issued on December 31, 2012:

Interest = Principal x Rate x Time = 1,000,000 x 0.12 x 3 = 360,000

9%, five-year bank loan taken on January 1, 2019:

Interest = Principal x Rate x Time = 2,000,000 x 0.09 x 4 = 720,000

Calculate the capitalized cost of the recording studio:

Capitalized Cost = Total Cost of Recording Studio + Interest on Debts Outstanding

= 8,300,000 + (360,000 + 720,000)

= 8,300,000 + 1,080,000

= 9,453,500

Therefore, the capitalized cost of the recording studio on Beatles' balance sheet after October 31, 2021 was $9,453,500.

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why does the way in which a market is defined, narrowly or broadly, make a difference in how antitrust policy is implemented?

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A specific company is more likely to be dominant and to break antitrust laws if a market is defined narrowly.

How are antitrust regulations carried out in the US?

The three main methods used to enforce federal antitrust statutes are as follows: by the Department of Justice's Antitrust Division in both criminal and civil enforcement actions. The Federal Trade Commission has taken civil enforcement actions. private parties filing lawsuits alleging damage claims

What exactly is an antitrust law?

In essence, these laws forbid commercial activities that unfairly deprive consumers of the advantages of competition and lead to increased costs for goods and services. The three principal Federal antitrust statutes are as follows: Antitrust Sherman Act.

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Analysis that describes what would happen if various actions were taken is _____ analysis. a. normative b. partitioning c. valuation d. positive

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Analysis that describes what would happen if various actions were taken is positive analysis.

Law of demand, which studies the relationship between the fee of a good and the amount bought, is an apt instance of nice monetary evaluation. That is because it is based on tested facts, that may be empirically examined and it now forms the idea for crucial microeconomic theories.

Positive analysis describes and explains diverse economic phenomena. Normative economics specializes in the cost of financial fairness, or what the economy "should be" or "must be.

Positive economics is the objective evaluation of the financial study. This entails investigating what's happened versus what's going on, allowing economists to predict what is going to appear in the destiny.

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The cash flow statement should be evaluated by examining the cash flow pattern ______.

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The cash flow statement should be evaluated by examining the cash flow pattern of the subtotals for the three sections of the statement.

What is cash flow statement?

⇒The phrase "cash flow statement" is typically used to represent payments that are anticipated to occur in the future, are hence uncertain, and as a result need to be projected with cash flows. A cash flow in its restricted sense is a payment (in a currency), primarily from one central bank account to another. However, it is common to use the term "cash flow" in a broader meaning to describe (symbolic) payments into or out of a company, project, or financial product. Value, interest rate, and liquidity are only loosely correlated with cash flows. Funds flow is crucial, particularly for the inflow and outflow of cash within the company. It hides the current operating results and related adjustments to the balance sheet or statement of financial status.

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mr. west is granted permission to fish on mr. north's land. all of the following are true except: select one: a. it can be revoked by mr. north at any time. b. it conveys a personal right. c. it is called a license. d. it can be assigned by mr. west.

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On Mr. North's land, Mr. West is permitted to fish. With the exception of d, which Mr. West can assign, all of the statements are true.

What is meant by the concept of land ownership?

In terms of land, property is essentially a collection of rights. To put it another way, owning land merely entails holding one or more rights, and as a result, the landowner is the one who holds the most rights overall.

What does "ownership" actually mean?

Ownership is the right to use, possess, and contribute anything. Ownership can be used to describe both tangible objects, such as real estate and personal property, as well as intangible ones, such as intellectual property rights.

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Widespread reductions in economic regulation of US transportation carriers occurred in ____.
a. 1960s and 1970s
b. 1970s and 1980s
c. 1980s and 1990s
d. only the 1990sb. 1970s and 1980s

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The correct answer is widespread reductions in economic regulation of US transportation carriers occurred in 1970s and 1980s.

In order to control and alter economic behaviour, governments typically impose legislation on people and private sector businesses.

The interests of persons who use public services, commercial practices (such as maximizing profit), market failure, and the interests of those not directly participating in transactions can all clash (externalities).

Therefore, most countries have some sort of legislation or oversight to handle these potential conflicts.

Economic regulation should aim to assure the provision of a safe and adequate service while not impeding on the efficient operation and growth of firms.

For instance, regulation governs the sale and use of alcohol and prescription medications in the majority of nations, as well as the food industry, the provision of personal or residential care, public transportation, building, film and television, etc.

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on april 12, hong company agrees to accept a 60-day, 10%, $5,700 note from indigo company to extend the due date on an overdue account payable. what is the journal entry made by indigo company to record the transaction?

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In its three years of operation, Solanki Partners has had tremendous success.

The proprietors have made the decision to incorporate and make stock shares available to the general public. This kind of share sale is known as an IPO. The word "equity" relates to fairness and justice and differs from the concept of equality in that it acknowledges that not everyone starts from the same position and that inequities should be acknowledged and corrected. Equity can be used to a single asset, together with real property assets, or to a firm by calculating equity by deducting liabilities from property. For instance, if a person owns a home worth $400,000 and owes $300,000 on the loan, the difference of $100,000 is equity.

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to produce smooth movement at a joint a. the antagonist and synergists must contract b. the prime mover and antagonists must contract c. both a and b above d. the prime mover and synergists must contract

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To produce smooth movement at a joint the prime mover and synergists must contract

The main muscle participating in an activity is referred to as the prime mover, or agonist, even if several muscles may be involved in the movement. A muscle called the biceps brachii is really the primary mover during forearm flexion (bending the elbow), such as when raising a cup. However, because the brachialis may help this movement, it is known to be a synergist.

In between two bones are joints, which may move. A joint cavity, a joint capsule, and the surfaces of the associated bones make up each joint. A layer of cartilage covers the bone surfaces that are involved in joints (articular surfaces). Up to 6 mm thick at the kneecap, this layer has a thickness of between 0.2 and 0.5 mm.

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The clothing lines created by edwin and faeh were tailored to appeal to european tastes. What approach does this represent according to the integrative-responsiveness framework?

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The clothing lines created by Edwin and faith were tailored to appeal to European tastes.

What are clothing lines?

Generally, A collection of garments that are marketed at a certain group of consumers and made available for purchase in brick-and-mortar or online boutiques is known as a clothing line.

Clothing and "outfitting," which refers to the equipment and accessories that are worn or carried for the purpose of function or adornment, are both included in the term "apparel," which derives from the verb "to wear." Clothing is the "cloth" that is worn as part of clothing for the purpose of protecting the body or maintaining modesty. +1.

A clothing Brand is defined as an Identification of the Manufacturer that is primarily used in the business of manufacturing, providing, distributing, and selling clothes and which meets the following criteria:

I it is not primarily used for products other than clothing; (ii) it is not confusingly similar to or identical to an identification that is used in another line of business.

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g consider the following quality improvement strategy as expressed by a series of if-then statements: if real-time feedback information capabilities improve, then post-sales service time will improve. if post-sales service time improves, then post-sales service quality will increase. if post-sales service quality increases, then customer satisfaction will increase. if customer satisfaction increases, then market share will increase. if market share increases, then sales will increase. if sales increase, then profits will increase. required: select a strategy map that shows the cause-and-effect relationships of the quality improvement strategy (see exhibit 13.8 for an illustrative example).

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Real-time feedback is a cutting-edge approach to overall performance management and improvement that focuses on non-stop development, now not evaluation.

Managers capture micro-moments of worker behaviour and educate them primarily based on observation

Why real-time feedback is important?

Real-time remarks affords a device to enhance the way you engage with your customers. It lets them understand their opinion matters, gives you the hazard to get to the bottom of any problems, and is extra in all likelihood to result in correct feedback.

Realtime feeds of information like monetary information, climate data, transport information etc. Content pushed in realtime like news.

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the first step in the supplier partnership implementation process includes the strategic verification of the need for a supplier partnership. here, the firm must evaluate the potential of a partnership in comparison to traditional processes.

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The first step in the supplier partnership implementation process includes the strategic verification of the need for a supplier partnership. Here, the firm must evaluate the potential risk and benefits of a partnership in comparison to traditional processes.

A supplier is a person, company, or organization that sells or supplies something to customers, such as goods or equipment. Supplier classification is determined by factors such as supplier qualification results, performance evaluation, and strategic importance.

The seller is commonly referred to as the supplier, whereas the receiver is referred to as the buyer. The supplier manufactures goods and distributes them through a distribution channel. The goods are then sold to a wholesaler until they reach the final consumer.

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depending on the size of the multiplier and crowding-out effects, the rightward shift in aggregate demand from a tax cut could be larger or smaller than the tax cut. a. true b. false

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It is true that depending on size of multiplier and crowding-out effects, rightward shift in the aggregate demand from tax cut could be larger or smaller than tax cut.

What is aggregate demand?

A macroeconomic term for the total demand for goods and services in an economy at a certain time is aggregate demand (AD), often known as domestic final demand (DFD). The aggregate demand curve is shown by a line drawn between the price level and the real production on the horizontal axis. In accordance with the Pigou effect, higher prices are linked to reduced real wealth, which in turn results in lower consumption spending and, eventually, lower overall demand for goods. By virtue of the equilibrium of the financial market, the Keynes effect states that rising prices indicate a smaller real money supply and, thus, higher interest rates. Because of this, it is likely that there will be less money spent on purchasing new physical capital, which will reduce overall demand for goods.

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the prisoners' dilemma provides insights into the a. benefits of government ownership of monopoly. b. difficulty of maintaining cooperation. c. benefits of avoiding cooperation. d. ease with which oligopoly firms maintain high prices

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The prisoners' dilemma provides insights into the difficulty of maintaining cooperation.

The prisoner's dilemma is a scenario in which two parties that are cut off from one another and unable to communicate must decide whether or not to cooperate. When both sides decide to work together, everyone benefits the most.

According to game theory, a scenario known as a prisoner's dilemma occurs when two selfish players are forced to make a decision that is not in their best interests. The prisoner's dilemma also demonstrates that simple collaboration is not always advantageous.

In the scientific literature, The Prisoner's Dilemma (PD) is one of the most well-known ideas. By offering participants the option to defect or cooperate in a particular social environment or issue, the task is used to explore various sorts of social interactions.

Hence the correct option is B

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a country that has a lower opportunity cost associated with producing a given product compared to another country would have a(n) over that other country:

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The opportunity cost of manufacturing televisions is lower in country a.Opportunity cost, which is the gain a person, business, or government will have to forfeit when they pick one choice over another, is essential to the notion of comparative advantage.

Comparative advantage in economics refers to the ability of a nation to generate goods or services at a lower opportunity cost than rivals.In his work "The Principles of Political Economy and Taxation," David Ricardo introduced the concept of comparative advantage (1817). If country a has a lower opportunity cost for producing televisions than country b, then country a has a comparative advantage over b in the production of television.Even if another country has an absolute advantage in producing all items, a country with a comparative advantage can create a good at a lower opportunity cost. Say, for illustration, that a nation could only create three different kinds of goods.X, Y, and Z are the products.

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mastertech furniture company makes chairs. when walmart orders finished chairs from mastertech, it creates what type of demand on inventory?

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When Walmart orders finished chairs from Master tech, it creates Independent type of demand on inventory.

Inventories refer to goods and materials that a business holds for the ultimate purpose of reselling, manufacturing, or using. Inventory management is a principle mainly concerned with specifying the form and location of goods to be stored. It is necessary at different locations within a facility or at multiple locations in the supply network to stay ahead of the schedule for regular, planned production and material stockpiling.

The concept of inventory, inventory, or work in progress has been extended from production systems to service businesses and projects, generalizing the definition as "all work in the production process". production - all work that was or is in progress prior to completion of production".

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judith jarvis thomson argues that are the best and most suitable form of compensation for the past ill treatment of people of color and women. a. scholarships b. civil rights laws c. jobs d. reparation payments

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Judith Jarvis Thomson argues that are the best and most suitable form of compensation for the past ill treatment of people of color and women job.

Affirmative action's goal is to build a workforce that accurately reflects the demographics of the competent workforce that is available in the relevant compensation market. It does this through establishing fair access to employment opportunities.  In order to rectify the lengthy history of prejudice minorities and women have experienced, affirmative action rules were created, which, according to some sources, has led to unfair advantages for white people and men. They originally came to light amid discussions about anti-discrimination laws in the 1940s during the civil rights movement.

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paula and carlo are coworkers. their production possibilities frontiers for counseling clients and writing memos are given below. g

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Carlo's employee Paula, Paula, Paula has a distinct advantage over other counselors when it comes to counseling customers.

What is an illustration of an absolute advantage?

Production of oil is a practical illustration of absolute advantage. When it comes to oil production, Middle Eastern countries are at a clear advantage. Businesses in oil-rich countries can drill for the resource and obtain it in significant quantities using straightforward, affordable methods.

What is the foundation of comparative advantages?

One company can produce and sell the same items as another with fewer resources, demonstrating the economic principle known as absolute advantage. It speaks of the level of productivity inside an organization. A company's design and manufacturing processes may be more effective if it has better access to resources.

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does the south delaware coors distributorship offer sufficient investment potential given mr. brownlow's current business and personal situation?

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Yes, the south Delaware coors distributorship offer sufficient investment potential given Mr. brownlow's current business and personal situation. "In light of Mr. Brownlow's circumstances, both personal and professional, can there be sufficient

THE INSTRUCTOR'S GUIDE TO YOUR CASE ANALYSIS FOR SOUTH DELAWARE COORS, INC. Background Because the problem in the case is straightforward but the data needed to solve it requires conceptualization and insight, South Delaware Coors, Inc. represents an interesting marketing scenario for three reasons: the case contains elements common to most feasibility decisions (estimates of industry demand, market share, investments, costs, and resulting performance are required); and the case requires students to develop decisions based on the research information. There are two issues with the case. The first is a choice about what research Manson and Associates should carry out in order for Larry Brownlow to calculate the viability of a Coors distributorship for a two-county region in Delaware. The second issue is Brownlow's decision regarding his application, or, in other words, whether or not the distributorship is feasible. Although it is mostly implied in the case, this problem is the one you must address in your analysis.

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suppose that a pound of copper costs $4 in the united states and costs 120 pesos in mexico. if the nominal exchange rate is 20 pesos per dollar, the real exchange rate is

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The real exchange rate is=[tex]2480[/tex]

Exchange rate=nominal exchange rate*foreign-currency price of the same good in the foreign country

[tex]=20*120+4=2480[/tex]

In the world of finance, the exchange rate is the rate at which one currency will be exchanged for another. The majority of the time, currencies are national, but they can also be supra- or sub-national, as the Hong Kong dollar or the euro. Each country selects the system of exchange rates that will be applied to its particular currency. For instance, a currency may be hybrid, fixed, or floating. Governments have the power to impose limitations and restrictions on exchange rates. A country's currency may be robust or fragile. The economic literature is divided on the ideal national exchange rate. Instead, national exchange rate regimes are an expression of political variables.

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A company has just finished brainstorming around fifty names for its new product line. What are the next two steps it needs to take in the name development process?.

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The next two steps it needs to take in the name development process are screen out problematic names and check for domain and social media availability.

What does brainstorming entail?

Participants are urged to think freely during a brainstorming session, which is a technique for creating ideas and exchanging expertise to address a specific business or technical challenge. As ideas come to mind, each person in a group participating in brainstorming immediately shares them.

Why should we use brainstorming?

People can think more freely and fearlessly when brainstorming. In order to solve issues and produce original ideas, brainstorming promotes transparent and continuous collaboration. Teams may quickly develop a lot of ideas through brainstorming, which can then be combined and improved to come up with the perfect answer.

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the value of an option if it were to immediately expire, or its lowest possible value, is called an option's value.

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An option's value is its lowest potential value or what it would be worth if it expired right away.

The statement is true.

The phrase "option value" in cost-benefit analysis and social welfare economics refers to the value assigned to private willingness to pay for maintaining or sustaining a public asset or service even when there is little to no chance that the person would ever use it.

An expiration date is specified for each option contract. Because it restricts the amount of time you have to buy, sell, or execute the option contract, the expiration date has a substantial influence on the value of the option contract. An option contract will cease trading and either be exercised or expire worthless after its expiration date.

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a perfectly competitive firm sells its product for $ 10 $10, and at its current output, average variable cost is $ 7 $7, average total cost is $ 12 $12 and marginal cost is $ 10 $10. in the short run, this firm should

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The short/brief run is a thought that states that, inside a positive period in the future, at least one input is fixed whilst others are variable. In economics, it expresses the thought that an economy behaves otherwise relying on the size of time it has to react to sure stimuli.

What is quick run manufacturing example?

An instance of a quick run can be a company, ABC, which is able to produce 10 vehicles in a day and looks to produce more motors (15 motors per day) via the usage of the available infrastructure due to growing demand in the course of the season.

Short-term manufacturing and long-run manufacturing each involve the use of input factors. In temporary production, at least one of the elements is fixed. In long-term production none of the factors are factors. Instead, long-term production uses variable variables that can fluctuate or change.

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what tools can a project manager use to account for issues that may cause a project delay? select all that apply.

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Task buffer and Project buffer are the tools that can be used by a project manager to account for issues that may cause a project delay.

A tool is an item that can increase a person's capacity to change aspects of their immediate surroundings or assist them in carrying out a certain activity. Despite the fact that many animals utilize basic tools, only humans, whose usage of stone tools extends back hundreds of thousands of years, have been seen making tools from other tools.

Early humans prepared food, hunted, produced weapons, worked with materials to create clothes and useful items, and all of this was done with the use of stone, bone, and wood tools. Additional sorts of tools become feasible with the advancement of metalworking.

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an asset representing the value of a company over and above its identifiable tangible and intangible assets is referred to as

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An asset representing the value of a company over and above its identifiable tangible and intangible assets is referred to as goodwill.

An intangible asset known as goodwill is related to the acquisition of one business by another. It stands for value that could provide the purchasing business a competitive edge. The percentage of the purchase price that is greater than the total net fair value of all the assets acquired in the acquisition plus the liabilities taken on during the process is known as goodwill.

Aspects of goodwill include the value of a company's name, brand recognition, devoted clientele, strong customer service, positive staff relations and proprietary technology.

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