On February 1, when a company purchases a vehicle for cash, the two accounts involved in the transaction are the "vehicle" account and the "cash" account.
The "vehicle" account is debited for the cost of the vehicle, and the "cash" account is credited for the same amount. This transaction is recorded to reflect the acquisition of a new asset (the vehicle) and the decrease in cash on hand. It's important to note that the other options you provided are not correct.
"Vehicle and notes payable" is not correct because the company paid cash, not on credit, "vehicle expense and cash" is not correct because the vehicle is recorded as an asset, not an expense, and "purchases and cash" is not correct because "purchases" account is used for credit purchases.
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kpmg uses all of the following approaches except to handle ethical issues. group of answer choices ensuring consistent investigation and resolution of all reported matters eliminating fear of retaliation for those who raise questions providing multiple channels for raising alarms adopting expedient, site-specific procedures
The OECD Working Group on Bribery is in its fourth phase of monitoring, which started in 2016. The report is a part of that phase. The nations considered in Phase 4 are examined.
What is the define of monitoring?
monitoring definitions. the action of observing something, occasionally recording it: "In times of conflict, the monitoring of enemy communications plays a crucial role." Observation, observation, and watching types. the practise of observing; a careful examination. The data gathered through monitoring exposes any gaps or problems that need resources to be fixed. It wouldn't be obvious which areas needed to be given emphasis without M&E. It is simple to waste resources in a single place that is not the problem's origin. Monitoring and assessment aid in avoiding this waste.
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A common ethical dilemma faced by the management of Wheel Deals Corporation involves the effect that its decision will have on
a. one group as opposed to another.
b. the firm's competitors.
c. the government.
d. all of the choices.
The management of Wheel Deals Corporation frequently wrestles with ethical decisions including the impact of their choices on one group vs another. Hence the correct option is A.
An ethical dilemma is one in which a decision must be made between two or more morally right options or between equally wrong courses of conduct when making one decision precludes making the other.
The degree of ethical behaviour in a company is influenced by a variety of individual, societal, and opportunity elements.
The knowledge stage is the initial stage. It starts before you have to make an ethical choice. As suggested by the stage's name, this one is focused on understanding many factors that influence how ethical decisions are made.
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pure competition pure competition drop zone empty. monopolistic competition monopolistic competition drop zone empty. oligopoly oligopoly drop zone empty. monopoly monopoly drop zone empty. many sellers offering similar products in a marketplace in which they have little control of marketing elements. many sellers offering substitutable products within a price range. a single seller of a product exists. a few companies control the majority of industry sales.
A monopoly will essentially be the one that stands out and rules the entire demand and supply chain in the particular field of selection, while an oligopoly will allow multiple bosses to coexist.
While monopolistic competition will allow multiple players to enter the market.
What is monopoly without any competition?
A marketing scenario known as pure competition occurs when numerous vendors offer products that are comparable to one another and are priced similarly. Corporations have little control over a product's price in pure competition markets. A monopoly, in which one company has complete price control due to little competition, is the opposite of pure competition.
What is an illustration of a monopolistic rivalry?
Understanding Monopolistic Competition Examples of industries with monopolistic competition include clothing, hair salons, restaurants, and household goods. There are numerous competing businesses that sell, market, and price items like hamburgers or dish soap.
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which of the following is the best example of structural unemployment? which of the following is the best example of structural unemployment? workers enter the labor force because wages are increasing workers quit their current job to go back to school to get better training. workers are fired because the skills they have are no longer valuable. workers are laid off due to a recession new immigrants have a hard time finding jobs
The best illustration of structural unemployment Examples of structural unemployment include the manufacturing sector and the labour markets for picking fruit.
When the abilities that people in the economy can supply do not match the skills that companies are looking for in employees, structural unemployment results (also known as the skills gap). Changes in the economy, technological advancements, and a lack of individuals with the necessary job skills can all be contributing factors to structural unemployment.
When there is a discrepancy between a worker's skill set and the jobs that are available on the market, unemployment results.
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Please solve all three questions and show all steps.
Answer:
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Explanation:
bbebdhbdhdbd
Identify which country has a comparative advantage in the production of cookies and which has a comparative advantage in the production of milk.
When making cookies, Atlantis has the clear advantage. New Zealand has a comparative advantage in the production of milk.
What do you know about Atlantis?
Atlantis is a mythical island said to have existed in ancient times. It is usually associated with the legend of the lost continent. According to legend, Atlantis was a powerful and advanced civilization that was destroyed in a single day and night due to a natural disaster. The legend of Atlantis has been around since the time of Plato, and has captivated people ever since. It is believed to have been a utopian society, with advanced technology and a strong government. Throughout history, various theories have been proposed to explain the disappearance of the island, with the most popular being a great flood that submerged it. Despite many attempts to locate the island, it remains lost to this day and its exact location remains a mystery.
So, The required answers are Atlantis and New Zealand.
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compensation, as described in your text, refers to the . group of answer choices wage schedules and wage rates listed in the union contract internal alignment of intrinsic awards total of all rewards provided to employees in return for their services wages individuals receive each pay period
Compensation, as described in the text, refers to the total of all rewards provided to employees in return for their services.
It includes all forms of pay or benefits that an employee receives as a result of their employment, including not only wages, but also bonuses, stock options, health insurance, retirement plans, and other forms of non-monetary compensation.
Compensation can be divided into two categories: direct and indirect. Direct compensation includes wages, salaries, and bonuses, while indirect compensation includes benefits such as health insurance, retirement plans, and other forms of non-monetary compensation.
The text may also mention about the wage schedules and wage rates listed in the union contract, which is one of the components of direct compensation. Internal alignment of intrinsic awards is also a part of compensation, this refers to the rewards provided by the company to its employees for their performance, such as promotions, bonuses, and stock options.
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Consider two neighboring island countries called Sequoia and Glacier. They each have 4 million labor hours available per week that they can use to produce jeans, rye, or a combination of both. The following table shows the amount of jeans or rye that can be produced using 1 hour of labor.
Sequoia's opportunity cost of producing one pair of jeans is 2 bushels of rye.
Glacier's opportunity cost of producing one pair of jeans is 4 bushels of rye.
How to find the opportunity cost?To find the opportunity cost of producing jeans to either Sequoia or Glacier, the formula is:
= Bushels of rye produced per hour of labor / Bushels of jeans produced per hour of labor
For Sequoia , the opportunity cost of producing jeans is:
= 24 / 12
= 2 bushels of rye
For Glacier, this is:
= 32 / 8
= 4 bushels of rye
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The table and the question is:
Country Jeans Rye
Pairs per hour of labor Bushels per hour of labor
Sequoia 12 24
Glacier 8 32
Sequoia's opportunity cost of producing one pair of jeans is____ bushels of rye.
Glacier's opportunity cost of producing one pair of jeans is ____ bushels of rye.
in order to determine if it is the right time to start a new business, aspiring entrepreneurs must consider the existence of which of the following criteria?group of answer choices A. adequate market demand, small market size, and resources
B. passion, skilled staff, and unmet market need
C. innovative product idea, investors, and favorable market conditions
D. significant market demand, significant market size, and significant resources
The correct option: A. adequate market demand, small market size, and resources. Aspiring entrepreneurs must take this into account when deciding whether it is the correct moment to launch a new firm.
Define the term market demand?Because it measures consumer demand for a product at a specific price point, market demand is just a useful tool for businesses. Businesses that take market demand into account can stock the right amount of goods to satiate clients and increase earnings.Key conclusions:
The desire of customers to buy services or products at a specific price is known as market demand.A product's level of demand can be described using market demand types based on variables like consumer interest.Utilizing tools like demand curve graphs, businesses may determine market demand.Thus, aspiring entrepreneurs must take adequate market demand, small market size, and resources into account when deciding whether it is the correct moment to launch a new firm.
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10 POINTS and brainliest for the best explanation...Can someone clearly explain to me what the three p's in marketing mean?
The "Three P's" in marketing are Product, Price, and Promotion.
What are the Three P's in Marketing?Product refers to the goods or services that a company offers. It includes features, design, packaging, branding, and any other element that differentiates it from competitors.
Price refers to the cost of the product or service, and how it is determined. It can include factors such as production costs, competition, and target market.
Promotion refers to the methods and strategies used to communicate and market the product or service to the target audience. It includes advertising, sales promotions, public relations, and personal selling.
Together, the Three P's make up the marketing mix, which is the combination of elements that a company uses to reach its target market and achieve its marketing objectives.
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causality is one of the most difficult questions to answer and continues to be an important and sometimes perplexing problem for researchers. T/F
Above statement is correct regarding causality also known as causation.
What’s the difference between correlation and causation?Correlation does not automatically imply causation, even if causality and correlation might coexist. One thing leading to another is referred to as causation; in other words, action A leads to result B. Contrarily, correlation is only a relationship in which action A is related to action B, but where one event does not always compel the occurrence of the other. Because the human mind enjoys coming up with explanations for events that seem to be connected even when they are not, correlation and causation are frequently misunderstood. When two variables seem to be interdependent, we frequently invent these explanations to explain the relationship. That suggests a cause-and-effect relationship, where one event is the result of another event.
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a corporation has issued a 4% $60 par convertible stock with a conversion price of $20. with the preferred stock selling at $66 per share, an investor holding 100 shares of this stock would benefit by converting if the price of the common stock was
The cost of the common stock per share was higher than $22.
What is Convertible Stock?
A convertible is a bond, preferred share, or other financial asset that allows the shareholder to convert it into common stock.Convertible securities are not categorized as debt or equity; rather, they are viewed as a mixture of the two, possessing the cash flow characteristics of both bonds and stocks.A convertible security is considered to have a conversion premium if it trades above its conversion value. As a result, the security is valued and appealing.Convertible securities have typically done well during periods of rising rates, and recently they have performed as intended, falling much less than the common stock of their issuers.To learn more about Convertible Stock refer to:
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which of the following best describes the method used by most progressives to solve the problem of economic power and its abuses?
Regulate big business best describes the method used by most progressives to solve the problem of economic power and its abuses.
Option B is correct.
How did progressives feel about large corporations?The progressives, as they were known, worked to make the United States of America a better and safer place to live. Through a variety of regulations, they attempted to encourage greater corporate responsibility.
What is the primary objective of progressives?The issues brought on by rapid industrialization, urbanization, immigration, and political corruption were addressed by progressives; and as a result of the massive concentration of industrial ownership in monopolies. The spread of slums, poverty, and what they perceived as labor exploitation alarmed them.
Question is incomplete:
which of the following best describes the method used by most progressives to solve the problem of economic power and its abuses?
A . Regulate small enterprise
B. Regulate big business
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based on the following account balances as of and for the year ended 12/31/x4, compute company a's net income. assets $7, shareholder equity $7, revenues $4, liabilities $7, expenses $5, dividends $9.
Company A's net income is $1.
The formula for Net Income is
Net Income = Gross Income - Total Expenses
To categorize the given information, Assets, Liabilities, and Expenses come under expenses and contribute to Total Expenses
Total Expenses = Assets + Liabilities + Expenses = $7 + $7 + $5 = $19
To categorize the given information, Shareholder Equity, Revenues, and Dividends come under the amount of money earned and contribute to Gross Income.
Gross Income = Shareholder Equity + Revenues + Dividends = $7 + $4 + $9 = $20
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recall that the balance sheet reports the equality of the accounting equation and would include which of the following amounts? (check all that apply).
Retained earnings balance at end of the period, Total Assets, and Total Liabilities will be included.
How does the balance sheet differ depending on the accounting equation?The connection between the three items on a balance sheet—assets, liabilities, and equity is depicted by the accounting equation. When everything else is equal, a company's equity will rise along with its assets, and vice versa. Equity will drop if obligations are increased, however, equity will rise if liabilities are decreased, for as by debt being paid off.
How is an accounting equation calculated?The foundation of the financial statement is contained in the balance sheet: Find the firm's revenue assets on the relevant balance sheet. Add up all of the liabilities, which ought to be listed separately on the income statement. Add the total liabilities to the amount of total shareholder equity.
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True/False: If the value of dollars is 5.0, the following statement will output 5.00 to the monitor
It is true that if value of dollars is 5.0, following statement will output 5.00 to monitor.
What is a dollar?The dollar is a currency used by more than 20 nations. The United States dollar, which was established in 1792 and named after the local currency known as the Spanish dollar, was the first still-existing currency with such a name. The bulk of those currencies are represented by the dollar sign $, just as many other countries that utilise the peso as their unit of exchange. The term "dollar" originally appeared on the 29 g silver Joachimsthaler and Bohemia coins. On the reverse of the coins that the Kingdom of Bohemia began issuing on January 15, 1520, using silver that was extracted nearby at Joachimsthal, the Bohemian lion was incused. Later, in common usage, the town's name for the coins, Joachimsthaler, would be shortened to thaler or taler.
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Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply.Correct The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the governmentCorrect The variety of goods available to consumersCorrect The loss of enjoyment people incur when scenic land is converted to commercial useCorrect Federal government paychecks to soldiersGDP does not account for off-the-books activities, such as babysitting, which add value to the economy but are not reported to the government. It also doesn't consider the enjoyment households experience as a result of the variety of goods available to consumers. Finally, GDP doesn't take into account the loss of enjoyment people incur when scenic land is converted to commercial use. All of these, though important in measuring the true quality of life within a country, would be far too difficult to measure accurately.Federal government paychecks to soldiers are accounted for in GDP as government purchases.
The importance of childcare services when the nanny receives payment in cash without disclosing the transaction to the authorities
What is meant by GDP?Babysitting is one of several off-book activities that are not included in the GDP since some of the values and transactions are not added to it.In the US, a lot of individuals receive pay for babysitting, but this money is not added to the economy and does not take into account the losses that result from people losing their enjoyment of things.GDP measures the monetary value of finished goods and services that consumers have purchased and which have been created in a country over a given time period (say a quarter or a year).A nation's entire output is measured within its borders. Typically, a country's gross domestic product (GDP) is used to assess the value added produced via the production of goods and services over a given time period (GDP).As a result, it also accounts for the money made from that manufacturing, or the total amount spent on finished goods and services (less imports).To learn more about GDP, refer to:
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Please answer the question posted in the image below:
Investments are financial commitments made to acquire assets in the hopes that their value would rise over time. The total value of the investments today is 2104.35
What are assets?A resource having economic worth that a person, business, or nation possesses or controls with the hope that it would someday be useful is referred to as an asset.
The balance sheet of a business lists assets. They are divided into four categories: tangible, financial, fixed, and current. They are acquired or produced in order to raise a company's value or improve the operations of the company.
Whether it's manufacturing equipment or a patent, an asset can be viewed of as anything that, in the future, can generate cash flow, lower expenses, or increase sales.
Access that other people or companies do not have can likewise be represented as an asset. Additionally, a right or other sort of access may be legally enforceable, meaning a firm may use financial resources as it sees fit.
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Do you think this was an effective strategy for Pepsi? Do you think this resonated with the Millennial generation?
The campaign significantly increased their positive sentiments and brand equity in the digital domain. Sales for the brand, however, kept declining. Despite the fact that Pepsi may have attracted some new customers as a result of recent publicity, the company's sales continued to decline year over year.
What is brand equity?A brand's value is referred to by the marketing phrase "brand equity." The way consumers perceive and interact with a brand influences its value. A brand has good brand equity if consumers are fond of it. In marketing, brand equity refers to a brand's intrinsic value, or the perceived social value of a well-known brand name. Due to consumers' perceptions that products from well-known brands are superior to those from lesser-known brands, the owner of a well-known brand name can make more money just by virtue of brand recognition.
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the income statement shows the difference between a firm's income and its costs--i.e., its profits--during a specified period of time. however, not all reported income comes in the form of cash, and reported costs likewise may not correctly reflect cash outlays. therefore, there may be a substantial difference between a firm's reported profits and its actual cash flow for the same period.
True The income statement displays the variation between a The income statement displays the profits made by a company over a given period of time as the difference between its income and costs.
However, not all reported income is cash, and reported costs may not always match up with actual cash outlays. A company's declared profits and its real cash flow for the same time may therefore differ significantly.
What makes an income statement different from another one?
An income statement analyzes a company's profit or loss over time, whereas a balance sheet depicts the company's financial situation at a particular point in time.
How does the statement of cash flows differ from the income statement and what does it mean?
A cash flow statement lists the cash flows generated by a company's financing, investing, and operating activities. An income statement gives customers information about a company's earnings during a given time period, as well as its costs and losses.
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Which of the following are functions of such international institutions as the World Bank and the International Monetary Fund?
The International Monetary Fund serves as a watchdog over the world's currencies and aids in stabilising the global monetary system. Working with developing countries, the World Bank Group aims to end poverty and promote prosperity for all.
Is it develop or develope?
The quickest response is that both of these terms are accurate. An outdated British spelling of the word is develope. The word is spelled more formally and in American English as "develop." Similar to the spellings of "colour" and "colour," you can use either one. A process known as skill development allows trainees and people of working age to acquire dexterity, knowledge, and ability, as well as career ethics and excellent working attitudes through skill training, the establishment of skill standards, and other related activities.
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Which of these pairs is an agency?
1.Tax Preparer/Taxpayer (True,False)
2.Teacher/Student (True,False)
3.Retail Clerk/Customer (True,False)
4.Attorney/Client (True,False)
Using the above pairings, which is the Principal and which is the Agent?
5.Tax Preparer/Taxpayer
A.Tax Preparer is the agent and Taxpayer is the principal
B.Tax Preparer is the principal and Taxpayer is the agent
C. No agency
6. Teacher/Student
A.Teacher is the agent and Student is the principal
B.Teacher is the principal and Student is the agent
C.No agency
7.Retail Clerk/Customer
A.Retail Clerk is the agent and Customer is the principal
B.Retail Clerk is the principal and Customer is the Agent
C.No agency
8.Attorney/Client
A.Attorney is the agent and Client is the principal
b. Attorney is the principal and Client is the agent
C.No agency
1. False
2. False
3. False
4. True
5. A. Tax Preparer is the agent and Taxpayer is the principal
6. A. Teacher is the agent and Student is the principal
7. A. Retail Clerk is the agent and Customer is the principal
8. A. Attorney is the agent and Client is the principal
What is agency?Agency is the capacity of individuals or groups of people to act independently and to make their own free choices. This can be in relation to a range of topics, from political decision-making to economic productivity and social inclusion. Agency is an important concept in sociology, psychology and economics, as it has implications for how individuals and groups are able to shape their own lives and social environments. Agency is often seen as a key factor in understanding how individuals can successfully navigate their own lives in a world shaped by larger economic, political and social forces. Agency is also important in understanding the process of social change, as it helps us to understand how individuals can work together to create positive outcomes. Agency is thus an important concept for understanding and amplifying the power of individuals and groups in creating change.To learn more about agency refer to:
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When a company is the first to market with a competitive advantage, this is called a first-mover advantage. All of the following companies were first-movers except ____________.
A) Apple-iPad
B) FedEx-the online self-service software
C) Apple-iPod
D) Microsoft-Bing search engine
When a company is the first to market with a competitive advantage, this is called a first-mover advantage. All of the following companies were first-movers except Microsoft-Bing search engine. Hence, option D is correct.
The first-mover advantage is a benefit received by a business that releases a good or service on the market first. Before other market entries, a company can build significant brand awareness and customer loyalty by taking advantage of the first-mover advantage.
Being the first usually allows a business to build significant brand awareness and customer loyalty before rivals enter the market. Additional time to refine its good or service and the ability to determine the new item's market pricing are two additional benefits.
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1 point question at position 13 (table: optimal choice of yogurt and cheese) use table: optimal choice of yogurt and cheese. the price of yogurt is $2 per unit, and the price of cheese is $4 per pound. hailey's income is $16. if she spends all of her income on cheese, the most she can buy is pounds of cheese, and her total utility will be . table: utility from yogurt and cheese number of yogurts total utility for yogurt pounds of cheese total utility for cheese 0 0 0 0 1 32 1 44 2 60 2 84 3 84 3 120 4 104 4 152 5 120 5 180 6 132 6 204 7 140 7 224 8 144 8 240 (table: optimal choice of yogurt and cheese) use table: optimal choice of yogurt and cheese. the price of yogurt is $2 per unit, and the price of cheese is $4 per pound. hailey's income is $16. if she spends all of her income on cheese, the most she can buy is pounds of cheese, and her total utility will be . table: utility from yogurt and cheese number of yogurts total utility for yogurt pounds of cheese total utility for cheese 0 0 0 0 1 32 1 44 2 60 2 84 3 84 3 120 4 104 4 152 5 120 5 180 6 132 6 204 7 140 7 224 8 144 8 240 4; 22 8; 240 6; 204 4; 152
The most she can buy is 4 pounds of cheese, and her total utility will be 152.
What is total utility? The complete enjoyment a consumer experiences after consuming a certain commodity or service is known as total utility. There is a marginal utility for each discrete unit of commodities or services. The total utility is equal to the sum of all such objects' marginal utilities.The entire utility of purchasing an item is equal to the sum of money necessary to make the buyer as content as they are now. For instance, the amount of money that would make you as content or happy as eating a chocolate bar may be used to gauge your degree of happiness.To learn more about utility refer to:
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byu given the following information, compute the ending amount of retained earnings. caution: not all of the items listed should be included in the computation of ending retained earnings.
Calculate the FINAL balance in RETAINED EARNINGS that will be reported on the balance sheet. Account/Debit/Credit Cash/$5,600. Inventory/14,000.
At the end of the period, you can calculate your ending retained earnings balance for the balance sheet by taking the beginning period, adding any net income or net loss, and subtracting any dividends.Cash flow does not appear on a statement of retained earnings All three The components of retained earnings include retained earnings for the initial period,net profit loss realized during the accounting period.The purchase of land does not affect the retained earnings account. Retained earnings refers to the part of profits or earnings that is not distributed to shareholders as dividends.These profits are reinvested in the business for working capital requirements and for the purchase of fixed assets. It can also be used to pay off any type of debt obligations.Inward transports appear in the trade account but not in the balance.
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question 1 the following file describes the situation faced by a landscaping company, 'landscaping solutions'. if there is great weather, the company takes the following hours to complete a driveway, backyard, front yard, back verandah, and front porch: 20, 30, 25, 25, and 20 hours respectively. good weather increases all times by a factor of 1.1. bad weather increases all times by a factor of 1.25. stormy weather increases all times by a factor of 1.5. a natural disaster increases all times by a factor of 2.0 great weather, good weather, bad weather, stormy weather, and a natural disaster have the following probabilities of occurrence: 0.6, 0.25, 0.1, 0.04, and 0.01 respectively. all these probabilities (weightings) sum to 1.
The Landscaping Solutions company takes the following hours to complete a driveway, backyard, front yard, back verandah, and front porch in great weather: 20 hours, 30 hours, 25 hours, 25 hours, and 20 hours respectively.
Explanation of complete answer:In good weather, the company takes 1.1 times longer to complete each task than in great weather, so the hours taken for each task would be: 22 hours, 33 hours, 27.5 hours, 27.5 hours and 22 hours respectively.
In bad weather, the company takes 1.25 times longer to complete each task than in great weather, so the hours taken for each task would be: 25 hours, 37.5 hours, 31.25 hours, 31.25 hours and 25 hours respectively.
In stormy weather, the company takes 1.5 times longer to complete each task than in great weather, so the hours taken for each task would be: 30 hours, 45 hours, 37.5 hours, 37.5 hours and 30 hours respectively.
In a natural disaster, the company takes 2 times longer to complete each task than in great weather, so the hours taken for each task would be: 40 hours, 60 hours, 50 hours, 50 hours and 40 hours respectively.
The probability of each type of weather occurring are: great weather (0.6), good weather (0.25), bad weather (0.1), stormy weather (0.04) and natural disaster (0.01) respectively.
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15. identify which country has a comparative advantage in the production of cookies and which has a comparative advantage in the production of milk. explain.
Atlantis has a comparative advantage when it comes to producing cookies, and Neverland has a comparative advantage when it comes to producing milk.
Atlantis has a comparative advantage in the production of cookies, as it only requires 2 hours of labor to produce one unit of cookies, while Neverland requires 4 hours of labor to produce the same amount of cookies. On the other hand, Neverland has a comparative advantage in the production of milk as it only requires 1 hour of labor to produce one unit, while Atlantis requires 1 hour of labor to produce the same amount of milk.
Comparative advantage refers to the ability of a country or an individual to produce a good or a service at a lower opportunity cost than its trading partners. In this case, Atlantis can produce cookies at a lower opportunity cost than Neverland, and Neverland can produce milk at a lower opportunity cost than Atlantis.
The following data should be provided with this question:
INPUT HOURS OF LABOR
Country Cookies Milk
Atlantis 2 hours 1 hour
Neverland 4 hours 1 hour
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there are five essential differences between services and goods. which of the following is not one of those differences?
There are five main differences between services and goods. However, Services are inherently homogenous, which is not one of these differences.
What are goods and services?Goods and services are output of economic system. Goods are tangible items sold to the customer whereas service is the goal for the recipient's benefit. Goods and services include consumer products, consumer services, business products and business services. Examples of goods are cars, appliances, and clothing. Service's example: house cleaning, legal advice and consulting services.
What distinguishes goods and services?Goods are tangible because they are physical and tangible, whereas services are immaterial in nature. A product is a tangible object that can be felt, touched, or seen. Services are intangible and cannot be seen, felt, touched or seen. However, it is experienced by consumers.
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refer to exhibit 4-9. suppose that the government imposes a price ceiling at a price of $10. the number of units that would be exchanged in this market would be group of answer choices 150, since that is the equilibrium quantity and the price ceiling is below the equilibrium price. 220, since that is the number of units demanded at the price ceiling (and the quantity demanded is greater than the quantity supplied). 90, since that is the number of units supplied at the price ceiling (and the quantity supplied is less than the quantity demanded). 155, since that is the average of the quantity demanded and the quantity supplied at the price ceiling.
Refer to...a price ceiling at a price of $10. the number of units that would be exchanged in this market would be 150, since that is the equilibrium quantity and the price ceiling is below the equilibrium price.
Give a brief account on price ceiling.The maximum price at which products and services may be offered is referred to as a price ceiling or price cap. It is a form of price regulation and the maximum price that may be charged. When prices appear to be out of control or overly high, it is frequently established by government officials to assist consumers. A price ceiling is something like rent controls, which set a maximum rent that landlords can charge per month for apartments. Another illustration of a typical price ceiling is limits on the price of prescription medications and laboratory testing. A doctor's reimbursement for a procedure, therapy, or office visit is frequently subject to caps set by insurance providers.
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Refer to exhibit 4-9. suppose that the government imposes a price ceiling at a price of $10. the number of units that would be exchanged in this market would be group of answer choices 150, since that is the equilibrium quantity and the price ceiling is below the equilibrium price. 220, since that is the number of units demanded at the price ceiling (and the quantity demanded is greater than the quantity supplied). 90, since that is the number of units supplied at the price ceiling (and the quantity supplied is less than the quantity demanded). 155, since that is the average of the quantity demanded and the quantity supplied at the price ceiling.
the marine corps, within the department of the navby shall serve as an expeditionary force in readiness to perforkm which of the following specific functions is
The Marine Corps is characterized as an expeditionary force-in-readiness that is staffed, trained, and outfitted expressly to respond swiftly to a wide range of crises and conflicts throughout the complete spectrum of military activities anywhere in the globe. It highlights how naval the troops of the Marine Corps are.
Which three elements make up a Marine expeditionary force?The Marine Expeditionary Force is the primary warfighting unit of the Marine Corps in major emergencies. Each of the three MEFs in the Corps is composed of land, aviation, and logistical troops.
Being multi-functional rather than specialized, curious rather than complacent, and taking initiative rather than following rules are the right definitions of an expeditionary mindset. In essence, this expeditionary mentality values ingenuity and agility in battle.
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