the balance in accounts receivable at the beginning of 2024 was $680. during 2024, $1,900 of credit sales were recorded. if the ending balance in accounts receivable was $250 and $100 in accounts receivable were written off during the year, the amount of cash collected from customers during 2024 was:

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Answer 1

If the ending balance in accounts receivable was $250 and $100 in accounts receivable were written off during the year, the amount of cash collected from customers during 2024 was $1,550.

The balance in account is formed from all announce credit and debit transactions. it is the quantity you've got within the account before any unfinished charges are further. Your on the market balance is that the quantity you'll use for purchases or withdrawals.

The ending balance is that the internet residual balance in an account. it's typically measured at the top of a news amount, as a part of the closing method. An ending balance comes by adding up the dealing totals in an account so adding this total to the start balance.

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Related Questions

What types of investments do banks use to make a profit? check all that apply. Opening checking accountsstarting new businessesbuying stocks and bondsbuying several propertiesissuing loans to all customersbuying the rights to loans.

Answers

The following are some examples of the investments that banks utilize to generate revenue:

Investing in bonds and equities.Purchasing many properties.Purchasing borrowing rights.

How do banks make money?

A bank is a sort of financial institution that offers clients and businesses basic financial goods, accepts deposits, offers checking account services, and gives out loans.

Banks can make money by lending money to customers and charging interest on those loans. Deposits from customers supply the bank with funding for loans. Banks can make money by charging customers for account upkeep.

What is the primary means of profit for a bank?

Commercial banks make money by extending loans and collecting interest from those loans. Banks use consumer deposits as the source of money for these loans. Interest income from loans can make up to 65% of a bank's overall revenue model.

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The CFO would like you to prepare some data visualizations that depict trends in sales, net income, and cash collections. Accordingly, use Charts to do the following: a. Go to the "Sales Budget" tab and create a line chart that provides a monthly sales trend analysis. b. Go to the "Sales Budget" tab and create a line chart that includes the monthly sales trend analysis from requirement 7a plus another trend line pertaining to the monthly cash collections from customers. c. Go to the "Budgeted Income Statements" tab and create a line chart that includes the monthly sales trend analysis from requirement 7a plus another trend line pertaining to monthly net income. d. What insights are revealed by the charts in requirements 7a, 7b, and 7c?

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You must create some data visualisations that show trends in sales, net income, and cash receipts for the CFO. Consequently, carry out the following using charts. Create a line chart under the "Sales Budget" tab that displays a monthly sales trend analysis.

A sales budget is a financial strategy that projects an organization's overall sales for a given time frame. He concentrates on two factors in order to forecast a company's performance: the quantity of products sold and the selling price.

Estimated sales for the first quarter are $5,000, the second quarter are $6,000, the third quarter are $7,000, and the fourth quarter are $8,000

We're quoting $6 for the third quarter, and our manager is quoting us $7 for the fourth.

The revenue resulting from sales activity for the following period is then determined by the sales budget. How many products a firm should manufacture during that time period is determined by a production budget using information from a sales budget.

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daffy duct, inc. issued 10,000 shares of $1 par value common stock at $5 per share. the effect of this transaction on the accounting equation includes a:

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-An increase of $50,000 in total stockholder equity and gain of $50,000 in total assets, when daffy duct, inc. issued 10,000 shares of$1.

What exactly do you mean by "share"?

A share is a unit of equity ownership in a corporation. Dividends are paid to shareholders from any profits earned by the company. They also bear the brunt of any losses that the company may incur. The ownership of a firm or enterprise by two or more individuals is referred to as shared capital. This arrangement is common in family enterprises where siblings or other relatives possess stock. Share capital is the portion of a company's total capital owned by its shareholders. A share entitles the shareholder to an equal claim on the company's profits and losses.

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look at the preferences for the characteristics that matter the most to this target segment. what is most important in a backpack to this segment?

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Comfort is most important preference to the school children market segment.

What is a market segment?

Market segmentation is the practice of breaking a large consumer or corporate market, often made up of current and potential customers, into smaller consumer groups based on some sort of shared attribute. Market segments are groups of people who are combined for marketing purposes.

Market segments, which are a subset of the overall market, frequently group people based on one or more shared criteria. The most essential factor is identifying the market in light of their needs and desires. For this, analyze their usage trends, preferences, way of life, and demographics. Also take note of your market's growth potential, your competitors, and any potential risks they may provide to your business.

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The correct question is:

Which of the following PREFERENCES is most important to the SCHOOL CHILDREN market segment?

A. Comfort

B. Capacity

C. Durability

TRUE/FALSE when a firm experiences economies of scale, long-run average total cost falls as the quantity of output increases.

Answers

True. A situation when producers create a lot of the things for a lower cost of manufacturing is called an economy of scale.

How can economies of scale impact a firm's long-term average total costs?

Economies of scale, sometimes referred to as growing returns to scale, occur when a company's long-run average total cost decreases as output increases. To increase their profit margins on the output they produce, businesses use economies of scale.

Why does average overall cost fall over time?

In the long run, businesses will have the choice of production technology, making all costs variable. Economies of scale describe a circumstance in which the average cost falls as the volume of output rises.

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The given statement is True. Economies of scale is the situation where the producers produce a large amount of the goods with a reduced cost of production. The LRAC curve is a flatter U-shaped curve'

What is economies of scale in the Lratc?

During the economies of scale at the beginning of the curve, costs are reduced as the company grows more efficient and its production costs diminish. The first iterations of product development and assembly carry costs that will largely be greater at the onset.

Is it true that economies of scale help in spreading cost to volumes of production?

Economies of scale are cost advantages reaped by companies when production becomes efficient. Companies can achieve economies of scale by increasing production and lowering costs. This happens because costs are spread over a larger number of goods.

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country alpha takes 4 hours to produce a unit of jet fuel and 2 hours to produce a unit of butter. country omega takes 9 hours to produce a unit of jet fuel and 3 hours to produce a unit of butter. based on this, what range of butter for every 100 units of jet fuel would be mutually beneficial? (3 points)

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Due to the 150 – 250 unit manufacturing constraint, the range of butter would profit from comparative advantage from possible the opportunity benefit theory for every 100 units of jet fuel. E is the ideal choice.

What is Comparative Advantage?

Comparative advantage is the potential of an economy to manufacture a particular good or service for a lower opportunity cost than its trading opponents. The notion of competitive advantages explains why trade may benefit people, countries, or businesses.

If Country A produces a unit of jet fuel in 4 hours while producing a unit of butter in 2 hours, while Country O produces a unit of jet fuel in 9 hours while producing a unit of butter in 3 hours.

Fuel and butter both face an opportunity cost crisis, thus by utilizing their respective comparative advantages, both nations can benefit by generating 200 to 300 units of butter and jet fuel, respectively.

Hence Option E is correct.

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pete is a valuable veteran of 21 years at joe's garage working with 24 people and filling in for joe when he is not in. joe wants to insure pete to offset any losses and the costs of trying to find, recruit and train a replacement, should pete become disabled. what type of policy should joe purchase?

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Joe should buy the Key Employee Insurance kind of policy. Insurance that protects a company from the financial losses caused on by the passing of a top executive or other employee.

How does "key person insurance" work?

An insurance plan on a prominent executive's life that the business purchases. The company, which also pays the insurance policy premiums, is the plan's beneficiary.

Do small firms need key person insurance?

The owner, the company's founders, or even one or two key employees can be considered the key person in a small business. Whether the person's absence would result in significant financial harm to the business is the main criterion for qualification.

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j.b. hunt moving service agrees to deliver a sofa to saweetie. saweetie agrees to compensate j.b. hunt for its work. if j.b. hunt does not perform, it may be required to a. make another promise. b. do nothing. c. pay money damages. d. perform a different service.

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The J.B. Hunt relocation business consents to give Saweetie a sofa. Saweetie will compensate J.B. Hunt for its services. If it fails to perform, J.B. Hunt may be required to pay financial damages.

Compensation for losses, harms, or other losses is given to a party who has been harmed in the form of compensatory damages. Compensation damages are awarded in civil court cases where a loss occurred as a result of another party's negligence or illegal behaviour.

To receive compensatory damages, the plaintiff must show that a loss happened and that it was the defendant's fault. The plaintiff also needs to be able to prove to the jury or judge how much they have lost.

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With respect to distance between a foreign and a domestic market, administrative distance is likely to be more when the new market.

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With respect to distance between a foreign and domestic market, administrative distance is likely to be more when the new market has not been part of the colonizer/colony network (D).

Administrative distance is the feature the routers use in order to select the best path when there are 2 or more different routes to the same destination from 2 different routing protocols. Administrative distance decides the reliability of a routing protocol.

Administrative distance measures  the trustworthyness of the source of the routing information. Administrative distance has local significance and not advertised in routing updates.

To reduce the administrative distance, a foreign country should have similar law system and same currency. The 2 countries also should not belong to a different trade bloc to avoid any collusions act. Hence, the administrative distance is high when the new countrie has not been a part of the colony network.

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Complete Question:

With respect to distance between a foreign and domestic market, administrative distance is likely to be more when the new market:

a. uses the common law system used in the Anglo sphere

b. uses the same currency as the domestic market

c. does not belong to a different trade bloc

d. has not been part of the colonizer/colony network

in current services budgeting, an assumption is made that the agency is not obligated to continue its existing programs. t/f

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In current services budgeting, an assumption is made that the agency is not obligated to continue its existing programs. Thus, option (a) is correct.

What is budgeting?

Budgeting is the practice of planning how you will spend your money. A budget is a spending plan. It's a proactive approach to budgeting. A business budget is a spending plan for your company based on your income and expenses.

Currently, Available Services Budgeting is one sort of guidance that assumes little change in programs. The present budget of a division is regarded its base, and any additions should only be asked to meet additional operating expenditures, such as higher costs for people, supplies, and so on. The administration is assumed to be committed to or compelled to continue current systems.

As a result, the current services budgeting, an assumption is made that the agency is not obligated to continue its existing programs. Therefore, option (a) is correct.

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a. in one of the years, one of the companies reported a huge loss on its income statement related to a foreign expatriation of properties. which company, which year, and what was the amount of net loss that resulted for the year? b. what was the amount of net operating cash flow in the year of the loss for the company reporting the loss?

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in one of the years, one of the companies reported a huge loss on its income statement related to a foreign expatriation of properties, Name of the company: Discount Goods, Year of loss: 2014,Net loss in that year: -$14,542,Net operating cash flows of Discount goods during 2014 is $19,729

When total expenses (including taxes, fees, interest, and depreciation) exceed total income or revenue for a given period of time, the result is a net loss. A net loss is distinct from a net profit, which is also known as after-tax income or net income. Operating cash flow, which measures the amount of cash generated by a company's normal business operations, is an important metric for determining the financial success of its core business activities. Operating cash flow indicates whether a company can generate enough positive cash flow to sustain and grow its operations; otherwise, external financing for capital expansion may be required.

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Explain one possible stakeholders conflict
that could exist between employees
and owners of a business (3 Mark)

Answers

Mark as brainiest

Answer:

Owners want high profits

which of the following statements is consistent with findings of studies investigating ownership of medical businesses among physicians?

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The correct statements are consistent with the findings of studies investigating ownership of medical businesses among physicians:

b. Physician-owned facilities tend to do more procedures per patient and charge higher fees.

c. Physician referral to facilities in which they have a financial interest is increasingly common.

A physician (American English), medical practitioner (Commonwealth English), medical doctor, or simply doctor, is a health professional who practices medicine, which is concerned with promoting, maintaining, or restoring health through the study, diagnosis, prognosis, and treatment of disease, injury, and other physical and mental impairments. Physicians may focus their practice on certain disease categories, types of patients, and methods of treatment—known as specialties—or they may assume responsibility for the provision of continuing and comprehensive medical care to individuals, families, and communities—known as a general practice.

Complete question:

Which of the following statements is/are consistent with findings of studies investigating ownership of medical businesses among physicians?

a. Physician ownership is rare due to conflict of interest.

b. Physician-owned facilities tend to do more procedures per patient and charge higher fees.

c. Physician referral to facilities in which they have a financial interest is increasingly common.

d. Both b and c are correct.

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If bonds are issued at a discount, the issuing corporation will pay a principal amount less than the face amount of the bonds on the maturity date.
false

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If bonds are issued at a discount, the issuing corporation will pay a principal amount less than the face amount of the bonds on the maturity date. FALSE

A corporation is an business enterprise—normally a set of people or a organisation—authorized through the country to behave as a single entity and recognized as such in law for certain purposes. Early included entities had been set up by way of constitution. most jurisdictions now permit the creation of latest organizations thru registration.

Below the law, businesses possess a few of the identical rights and responsibilities as people. they are able to enter contracts, mortgage and borrow money, sue and be sued, hire personnel, very own belongings, and pay taxes.

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It is recommended that an entrepreneur avoid using the internet as a resource for finding information to write a business plan because the information found there is often incorrect and unreliable.
False

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It is recommended that an entrepreneur avoid using the internet as a resource for finding information to write a business plan because the information found there is often incorrect and unreliable. FALSE

An entrepreneur is a person who has an concept and who works to create a product or service that humans will buy, in addition to an business enterprise to assist that effort. An entrepreneur takes on most of the hazard and initiative for his or her new business, and is regularly visible as a visionary or innovator.

The entrepreneur is defined as a person who has the ability and choice to establish, administer and succeed in a startup task along side chance entitled to it, to make profits. The pleasant instance of entrepreneurship is the starting of a new business venture.

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ACME Company is considering starting a retirement plan for its employees. One option ACME is considering is a profit-sharing plan. All of the following are advantages of this type of retirement plan EXCEPT
A) The employer's cost is not affected by the age and the number of employees.
B) Profit sharing plans provide an incentive for employees to work harder and more efficiently.
C) The 10 percent penalty tax does not apply to distributions prior to age 59.5.
D) ACME enjoys greater flexibility in employer contributions.

Answers

Except The 10 percent penalty tax does not apply to distributions prior to age 59.5 all of the following are advantages of this type of retirement plan.

10% of the tax due pursuant to section 115BBE. If it is determined, during any proceedings under the Act, that the assessee has made a false entry in the books of accounts maintained by the assessee, there would be a penalty tax. To avoid paying taxes, every entry necessary for calculating the person's total income has been deleted. A penalty is a type of punishment meted out for breaking the law. When it comes to income tax, breaking any of the guidelines outlined in the Income Tax Act of 1961 will result in penalties. The fine may be a fixed sum or a percentage of a sum of money. An individual who violates the law, whether it be a contract, a rule, or a regulation, will be punished with a penalty.

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the new toyota awesomecar is available in only 4 configurations that are manufactured according to a demand forecast. which production model best describes the way awesomecars are made? question

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The production model describes how a fantastic car is created through mass customization.

The production model is a collection of resources used to describe a product as a collection of components and the processes that go with those components. The resource hierarchy provides a modular and layered approach to specifying and manufacturing a variable family of products.

A production factor is required for production because without it, no production is possible. It is common practice to attribute the production process to three factors: land, labor, and capital, to which we add organization.

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in the spot market, 7.8 pesos can be exchanged for 1 u.s. dollar. a pair of headphones costs $15 in the united states. if purchasing power parity holds, what should be the price of the same headphones in mexico

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Price of the same headphones in mexico is 117 pesos.

Purchasing Power Parities (PPPs) are the rates of currency conversion that aim to equalize the buying power of various currencies by removing the variations in price levels between nations.

The basket of commodities selected has a significant impact on the PPP exchange rate's value. Typically, products that closely adhere to the law of one price are chosen. Therefore, goods that can be traded simply and are widely available in both places. PPP exchange rates are calculated by organizations using various baskets of goods.

1 USD = 7.8 Mexican pesos.

Cost of headphones in United States is $15.

Price of the headphones in mexico will be = 15 x 7.8

= 117 pesos

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choose all of the following that, according to mintzberg, are ways that an organization can strategically differentiate: (choose all that apply.)

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According to mintzberg, Strategy is a design - some sort of consciously meant route of action, a guideline (or set of guidelines) to deal with a situation.

By this definition strategies have two indispensable characteristics: they are made in enhance of the actions to which they apply, and they are developed consciously and purposefully.

What are the 5 kinds of strategic management?

The 5 types of strategic administration enumerated from most simplistic to most complicated are linear, adaptive, interpretive, expressive, and transcendent. These 5 kinds of strategic administration characterize a continuum of organizational center of attention and action.

Within the area of well-defined strategy, there are uniquely exceptional strategy types, right here are three: Business strategy. Operational strategy. Transformational strategy.

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The manufacturer of Two-In-One, a combination shampoo and conditioner, shrink wraps a4- ounce foil packet of a smoothing hair pomade to its combo product. Which of the followingpromotion tools is being used in this case?A) rebatesB)samplesC) couponsD) advertising specialties

Answers

The promotion tools that is being used is samples.

A sample of a substance or product is a tiny amount that serves as an example of the product's overall composition or a specific unit of the product that may be purchased (rather than individually).A product sample is a free sample of a consumer good that is sent to the customer so they may test it out before making a purchase. Sampling in market research refers to gathering opinions from a select group of people in order to learn more about the entire population.Customers can sample your goods to get a taste (or feel, smell, etc.). Nothing works better than product sample if your objective is to aid customers in understanding your offering.

Thus the correct option is B.

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an assignment is valid group of answer choices three business days from declaring the assignment. when the obligor notifies the obligee. when the assignor notifies the obligor. from the moment it is made.

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An assignment is considered to be valid from the moment it is made.

When is an assignment valid?

Legally, an assignment is said to be valid from the moment that it is made, if it is made according to the laws of the state that it is made in. Generally, an assignment is legal when there are things like intent included.

The assignee must have given some allowances and considerations to the person that assigned it to them, or the assigneor. The rights in the assignment must be such that they can be enforced legally.

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A company that manufactures flash drives knows that the number of drives x it can sell each week is related to the price p , in dollars, of each drive by the equation x = 1000− 100p . a. Find the price p that will bring in the maximum revenue. Remember, revenue (R) is the product of price (p) and items sold (x) , in other words, R = xp .

Answers

To find the price p that will bring in the maximum revenue, we need to find the value of p that maximizes the function R = xp. Since x = 1000 - 100p, we can rewrite the function as R = p(1000 - 100p). To maximize this function, we can take the derivative of R with respect to p, set it equal to zero, and solve for p.

The derivative of R with respect to p is given by:

dR/dp = (1000 - 100p) + (-100 * p) = 1000 - 200p

To find the value of p that maximizes R, we need to set this derivative equal to zero and solve for p:

0 = 1000 - 200p

200p = 1000

p = 1000 / 200 = 5

Therefore, the price p = $5 will bring in the maximum revenue.

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hydro systems has 15-year bonds outstanding with a coupon rate of 5 percent. interest is paid annually. the face amount of each bond is $1,000. what is the company's pretax cost of debt if the bonds currently sell for $1,100?

Answers

the company's pretax cost of debt if the bonds currently sell for $1,100 The fee of debt can refer to the before-tax cost of debt, which is the company's fee of debt before taking taxes into account, or the after-tax value of debt.

The key difference in the fee of debt earlier than and after taxes lies in the truth that interest fees are tax-deductible.

How is pretax price calculated?

To discern the pre-tax value of debt for your business, start by including your total pastime expenses for the year. Then, divide that discern by your total range of commercial enterprise debts.

Is pre-tax or after-tax cost of debt greater relevant?

The right reply is B. The after-tax cost of debt is extra relevant due to the fact it is the proper value of debt to the company.

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a mechanism that sorts large amounts of information about many consumers' previous purchases that may be related and help predict consumer preferences is called

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A mechanism that sorts large amounts of information about many consumers' previous purchases that may be related and help predict consumer preferences is called collaborative filtering.

A consumer's preference can be referred to or considered as the choice of a consumer in purchasing a product over the other in order to make an economic decision as a part of his or her rational behavior compared to other consumers in a market structure, as such. It can be determined with the help of his or her previous purchases, and changing behaviors.

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Investment Proposal A B C D Investment required $ (290,000) $ (140,000) $ (60,000) $ (1,300,000) Present value of cash inflows 421,200 196,500 94,300 1,734,600 Net present value $ 131,200 $ 56,500 $ 34,300 $ 434,600 Life of the project 5 years 7 years 6 years 6 years
Required: 1. Compute the profitability index for each investment proposal. (Round your answers to 2 decimal places.) 2. Rank the proposals in terms of preference.

Answers

Proposal    Profitability index    Rank

A                  0.45                          Second

B                  0.40                          Third

C                  0.58                           First

D                  0.33

Profitability index, also called as gain investment ratio and cost investment ratio, is the ratio of payoff to investment of a proposed project. Profitability index is used to rank projects because it lets you to quantify the number of value produce per unit of investment.

To determine the profitability index we can use this formula:

Profitability index = Net present value ÷ investment required

Proposal A, it would be

=  $131,200 ÷ $290,000

= 0.45

For Proposal B, it would be

=  $56,500 ÷ $140,000

= 0.40

For Proposal C, it would be

=  $34,300 ÷ $60,000

= 0.58

For Proposal D, it would be

=  $434,600 ÷ $1,300,000

= 0.33

The proposals can be seen below:

Proposal     Profitability index    Rank

A                  0.45                         Second

B                  0.40                         Third

C                  0.58                         First

D                  0.33                          fourth

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nike was looking for more than just star athletes to sponsor, what other quality did they think would resonate with customers?

Answers

For a company like Nike, which is all about sports and fitness, they discovered an opportunity with non-athlete movie stars.

Nike ads are displayed more credible to consumers due to a seemingly endless stream of influencer marketing, as people tend to listen to testimonials from superstars like Michael Jordan, LeBron James, and Tiger Woods more than those from unknown actors. Actually supporting Nike products and wearing Nike clothing contributes to elevating the brand's image.

Nike, in moreover to paid advertising and sponsorships, supports local organizations in order to personalize the marketing strategy. Although the company does not sponsor independent sports teams, it does contribute products to non-profit and organisations all over the world. This enables them to make an impact in affected residents while also building strong customer relationships, thereby increasing the probability that they will choose Nike the next time they make a purchasing decision.

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buy-one-get-one free strategies, used to encourage consumers to shop at a certain store, are known as , a type of sales promotion. (enter one word in the blank.)

Answers

Buy-one-get-one free strategies, used to encourage consumers to shop at a certain store, are known as deals

What is deals ?

A mutual agreement or communication between two or more parties who want to conduct business is referred to as a business deal. The transaction is typically carried out between a seller and a buyer to exchange valuable assets like money, goods, services, and information. If two or more parties agree on the deal's terms and conditions, it is regarded as finished or finalized.

The terms and conditions of the agreement must be agreed upon by both parties in order to protect their respective rights and interests. They then complete the transaction, which may involve both parties signing documents outlining the specifics of their business agreement.

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an individual is working on a new project for their team. in trying to create a new project document, he came across a hurdle and wasn't sure how to proceed. what would be the best course of action for the individual?

Answers

Generating ideas for possible actions  would be the best course of action for the individual.

In the section on risk that follows, we will look at the "cons" in greater detail. However, we'll look to generate several potential courses of action here and then analyze them. We now engage in some brainstorming because we need a variety of choices to consider and contrast. By taking a lateral approach to the problems, we might find innovative and effective solutions to accomplish our goal. Having backup plans can be very helpful to our overall strategy. I like to start this process by doing some independent thinking. Any team should begin by working individually, even if it's only for a short while. This shows that everyone is actively participating in the process in Generating ideas .

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in imperfect competition, if firms make an economic profit in the short run, what happens in the long run?

Answers

Monetary benefits in the short run will draw in contender firms and costs will unavoidably fall. Additionally, monetary misfortunes will make firms leave the market and costs will rise. These peculiarities will go on until long run harmony is reached.

What ends up shorting run monetary benefit over the long haul?

On the off chance that a few firms are procuring positive monetary benefits in the short‐run, in the long‐run new firms will enter the market and the expanded contest will decrease all organizations' financial benefits to nothing.

What occurs over the long haul in amazing contest?

Firms in a completely serious world procure no benefit over the long haul. While firms can procure bookkeeping benefits over the long haul, they can't acquire financial benefits.

How does a market go from short hurry to long run?

The total inventory moves from short-race to long-run when enough time elapses with the end goal that no elements are fixed. That condition of harmony is then contrasted with the new short-run and long-run balance state on the off chance that there is a change that upsets harmony.

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bookmark question for later what is a common axiom for information technology professionals? communicate! become an expert know the business be professional

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common axiom for information technology professionals is know the business.

Who are considered to be IT professionals?

A person working in the field of information technology, a person who has completed training at a college, university, or computer school, or a person who has demonstrated substantial expertise in the field of computers may be considered an IT specialist, computer professional, or IT professional.

What are deemed to be IT skills?

Information technology (IT) skills are technical abilities required for employment in the technical support, maintenance, and development fields. IT talents cover a wide range of tasks, from software development and hardware installation to data analysis and troubleshooting.

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