The correct response is a. third party. Unions are treated as an environmental factor because they act as a third party when dealing with a firm.
A company that provides quality services is known as a firm. Corporations, limited liability companies (LLCs), and partnerships are a few examples of these types of organizations. A single location is typical for businesses. When you say someone is firm, you're referring to their actions, which demonstrate their control over the situation or that they are not going to change their viewpoint. With him, she had to be stern. One-person businesses, partnerships, limited liability companies, and corporations are examples of firms. The phrase is slightly more frequently linked to a partnership. A company, or firm, is a type of commercial entity that operates with the goal of turning a profit by selling products and services. Firm and business or company are interchangeable terms.
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Interest is a payment
A:All of these are correct
B:You make to someone from whom you borrow money.
C: You receive from someone who has loaned you money.
D:You make to someone to whom you loan money.
Interest is a payment you make to someone from whom you borrow money, you receive from someone who has loaned you money or you make to someone to whom you loan money.
What does interest on a loan mean?
The fee you pay to borrow money or the fee you charge to lend money is called interest. The most common way to represent interest is as a yearly percentage of the loan amount. The interest rate on the loan is known as this percentage. Interest thus guards against future inflationary increases. The interest is used by a lender, such a bank, to handle account fees as well. Borrowers must pay interest as a cost for being able to spend money now rather than having to wait years to save enough money.
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which of the following are core principles in business communication? (choose every correct answer.)
Clarity and conciseness: Ensuring that the message is understandable and that no material is presented that is not essential. Using words and a tone that are acceptable for the target audience.
and the communication context. Active listening: Concentrating on and interacting with the speaker to fully comprehend what they are saying. Understanding and sensitivity to the requirements and viewpoints of the audience. Feedback: Giving and receiving feedback to enhance communication and reach common objectives. Honesty and integrity: Adhering to moral standards and being truthful, open, and straightforward in communication. Cultural sensitivity: Recognizing and respecting variations in communication methods and practices between cultures. Communication in a timely and effective manner, and rapid response.
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to develop the ability to break a frame or machine down into subsystems and to determine the forces developed at internal pin connections. frames and machines are systems of pin-connected, multiforce members. frames are designed to support loads, whereas machines are designed to transmit or alter the effects of loads. for a frame or machine to be in equilibrium, each member of the frame or machine system must be in equilibrium. free-body diagrams of the overall system, as well as individual members, groups of members, and subsystems, must be drawn.
In accordance with the attached diagram, since CB is a two force member, the two forces acting on it will be equal, opposite and in line.
What are frames and machines?The frame is made up of a number of stiff pieces, one of which must be a multi-force piece designed to serve as a load-bearing stationary structure. In order to perform mechanical work, a machine must convert one set of input loading forces into another set of output forces. A machine is a grouping of rigid elements that are intended to do this.
A minimum of one multi-force member must be included in frames, which are rigid, stationary constructions intended to support loads. Machines are flexible structures where the individual components can move in relation to one another. Cast iron, aluminum, stainless steel, brass, copper, and bronze are materials used to make machine frames.
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The complete question is attached below:
Which one of the following is NOT the stage that customers go through in the process of adopting a new product? a. Awareness b. Interest c. Evaluation d. Culture
D: Culture is not the stage that consumers go through in the process of adopting a new product.
The customer adoption process refers to the stages that a customer goes through as they learn about, evaluate, and ultimately decide to use a new product or service.
Awareness: The customer becomes aware of the product or service and begins to gather information about it.Interest: The customer expresses interest in the product or service and begins to evaluate whether it meets their needs.Evaluation: The customer compares the product or service to alternatives and decides whether to purchase it.Trial: The customer may test or use the product or service on a trial basis before committing to a purchase.Adoption: The customer decides to fully adopt and use the product or service.Confirmation: The customer confirms that the product or service meets their expectations and continues to use it.Advocacy: The customer becomes an advocate for the product or service and recommends it to others.Thus, it can be seen clearly tha culture is no the stage that consumers go through in the adoptation process of a new product.
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For this week's discussion, review the scenario provided and answer the following questions:
Andy purchased a one-acre tract of land with an ocean view from Bob for $1,000,000. One hour before
escrow closes on the deal, Charlie, who knows of the pending sale to Andy, offers Bob $2,000,000 for the
one-acre tract of land and Bob accepts. One hour later when escrow closes, Bob informs Andy that the sale
cannot go forward because the property has been sold to Charlie.
Why a breach of contract occurred
Any time a party to a deal breaches one of the promises made, there has been a breach of the contract.
Which contract violation occurs more frequently?The most frequent form of contract breach remedy is compensatory damages. When compensatory damages are granted, a court requires the party who violated the contract to give the victim enough money to fulfill their contractual obligations elsewhere.Any time a party to a deal breaches one of the promises made, there has been a breach of the contract. Given how frequently contracts are broken, a substantial body of law has developed to settle the resulting conflicts.Any time a party to a deal breaches one of the promises made, there has been a breach of the contract.To learn more about contract violation refer to:
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under certain circumstances, a ______ may be issued without notice to the other party.
A temporary restraining order may be imposed in certain situations without giving the other party notice.
What is temporary restraining order?A judge may impose a temporary restraining order (TRO) before a trial to compel or prohibit an action for a predetermined period of time. A TRO can prevent patent, copyright, or trademark infringement in the short term while court battles involving trademark infringement or the use of a trade secret. You would first submit a petition for a family offence to the Family Court clerk. You can file on your own or with the assistance of an advocate. A judge will ask to talk with you following the filing of the family offence petition. The judge will issue a temporary order of protection if there is solid reason.To learn more about temporary restraining order, refer to:
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select the four issues related to distribution that are monitored by the government. multiple select question. tying arrangements requirement contracts price fixing exclusive territorial distributorships exclusive dealings price discounting
The four issues related to distribution that are monitored by the government are- tying arrangements requirement contracts price fixing exclusive territorial distributorships.
A dictatorship is a system of government in which a leader, or a group of leaders, exercise significant and unchecked power. A dictator is the head of a totalitarian regime. A dictatorship's inner circle of elites, which includes advisers, generals, and other high-ranking officials, is responsible for directing politics and facilitating it. The dictator maintains control by swaying and appeasing the inner circle while suppressing any opposition, which could consist of competing political ideologies, armed resistance, or disloyal inner circle members. A military takeover that forcibly topples the prior administration or a self-coup in which elected officials establish themselves as the new ruling class can both result in dictatorships. Totalitarian or autoritarian regimes constitute a dictatorship.To know more about dictatorship here
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Please solve both parts
Assuming Panem does not produce anything else in 2020, GDP is equal to $ $71500
Therefore, Panem's per capita GDP growth is 3.63%
What is a market?A market is made up of various structures, organizations, procedures, and processes that allow people to exchange goods and services.
From the information that is given:
GDP = price * product
porridge= 1250*2 = 25000
oats= 2250 * 2 = 2500
clubs = 800 * 55 = 44000
∑GDP = 25000 + 2500 + 44000
= $71500
2020 GDP will be $71500
Part 2
The GDP per capita will be :
= GDP/population
= 71500/200
= 357.5
The GDP increased by 14%
= $71500* 1.14
= 81510
The population grew to 220
= 81510/220
=370.5
The percentage increases by
= [tex]((\frac{370.5}{357.5} ) - 1 ) * 100[/tex]
= 0.036*100
= 3.63%
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a master service agreement (msa) is a contract that defines the terms of future contracts between parties, such as payment terms or arbitration arrangements.
a. true
b, false
The given stataement "a master service agreement (MSA) is a contract that describes the terms of future contracts between parties, such as arbitration arrangements or payment terms" is true because it correctly define what MSA is.
A Master Service Agreement (MSA) is a legal contract between two parties that defines the terms and conditions under which one party will provide services to the other. MSAs are often used in business-to-business relationships, particularly in industries such as consulting, technology, and outsourcing.
Therefore, MSA) is a typical contract between parties that lists out the terms that govern all of their future agreements or future transactions.
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now step forward to 2002, when the case was written. which of the following has changed? check all the you think changed between 1992 and 2002, based on the discussion in the case. group of answer choices the brand's accessibility the customer base the demands on the baristas the diversity of products
The case likely discussed changes in the brand's accessibility, customer base, demands on the baristas, and diversity of products between 1992 and 2002.
Based on the discussion in the case, it is likely that the following changed between 1992 and 2002:
The brand's accessibility (i.e. the number and location of Starbucks stores)The customer base (i.e. the demographic makeup of Starbucks customers)The demands on the baristas (i.e. the skills and responsibilities required of baristas)The diversity of products (i.e. the range of food and drink offerings available at Starbucks)It's important to note that without more context, it's hard to say for certain which of these items have changed, as the case may not have discussed all of these factors.
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an investment adviser representative receives a written complaint from a client about the handling of the client's account. under the nasaa statement of policy on unethical practices, which statement is true? a a copy of the complaint must be filed promptly with the administrator b a copy of the complaint must be filed promptly with the sec c the complaint must be forwarded to a manager for resolution d all of the above
The correct answer is c) the complaint must be forwarded to a manager for resolution. When a client writes an investment adviser representative with a complaint about how the client's account has been handled, the complaint must be sent to a manager for resolution.
Tell them you're paying attention, that you're sympathetic to their situation, and that you understand their problem. Say that you want to work with them to make sure the problem is fixed in a way that satisfies them completely. It's time to address your customer's concern with a remedy.
Customers' need to be heard and understood is one of the main motives for their complaints. Simply listening to the client's issue as the first step in the complaint management process creates an atmosphere of empathy that encourages the customer to trust you.
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Which of the following is true of specialization? Please choose the correct answer from the following choices, and then select the submit answer button. The gains from trade are due to specialization. Specialization was an important theory in the eighteenth century, but is no longer relevant today. Specialization results in a decrease in output. People should diversify and specialize in many things.
The gains from trade are due to specialization is a correct answer about specialization.
The division of duties into roles, with each employee specializing in one of them, is what specialization entails. Because specialization reduces production costs, it has helped businesses become more productive over time. Countries are included in this. According to theories of international commerce, nations develop by focusing in areas where they have a competitive edge in terms of output. As a result, a nation that grows a lot of grapes might specialize in making wine and export it. In contrast, this nation is permitted to import goods in which it is not an expert. As a result of specialization, global trade benefits everyone.
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Out of the given choices above, the statement, ''the gains from trade are due to specialization,'' is the one that is true of specialization. Therefore, the option A holds true.
The essence of specialization can be brought into interpretation as the delegation of a particular task to different activities to a dedicated group or team. Specialization on one activity enables the companies to provide the best of their services to the customer and also improve the experience for themselves. As a result, the business will gain trades of different kinds of specialization.
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Even though commercial airlines have excellent safety records, in the weeks following a crash, airlines often report a drop in the number of passengers, probably because people are afraid to risk flying.
a. A travel agent suggests that since the law of averages makes it highly unlikely to have two plane crashes within a few weeks of each other, flying soon after a crash is the safest time. What do you think?
b. If the airline industry proudly announces that it has set a new record for the longest period of safe flights, would you be reluctant to fly? Are the airlines due to having a crash?
a. The statement that flying soon after a plane crash is the safest time because the law of averages makes it unlikely to have two plane crashes within a few weeks of each other is not accurate. Airline safety is determined by a variety of factors, including the maintenance and inspection of the aircraft, the training and qualifications of the pilots, and the adherence to safety procedures.
The fact that a crash has occurred does not indicate that the airline or the industry as a whole is unsafe. It's important to note that air travel is one of the safest mode of transportation in the world.
b. The announcement of a new record for the longest period of safe flights by the airline industry does not guarantee that a crash will not occur in the future. Airlines strive to maintain the highest level of safety, but accidents can happen due to a variety of unforeseen factors.
The fact that an airline or the industry as a whole has set a new record for safe flights does not indicate that a crash is overdue or that the airline is unsafe. It's important to consider the overall safety record of an airline and its adherence to safety regulations when making travel decisions.
What are airline regulations?Airline regulations are a set of rules that aviation authorities create and maintain. These regulations ensure that air travel is safe and simple for all passengers, so airlines must follow these important rules. The regulations supersede an airline's policy, explaining how airlines should handle key issues such as tickets, baggage regulations, and so on.
The Federal Aviation Administration regulates air travel and air traffic in the United States (FAA). In Europe, the European Aviation Safety Agency plays the same role, drafting important safety regulations that govern how airlines should operate.
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2. the four types of standpipe systems are automatic wet, automatic dry, manual wet, manual dry.
The four types of standpipes:
Wet system. Automatic dry standpipe. Semi-automatic dry standpipe.Manual dry standpipe.Standpipe (fire fighting)In North America, a standpipe is a type of rigid water pipe constructed into a multi-storey building in a vertical position, or to a bridge in a horizontal position, to which a fire hose can be connected, allowing manual application of water to the fire. In the context of buildings or bridges, standpipes have the same function as fire hydrants.
In many other countries, street hydrants are below ground level. The fire truck carries a standpipe and a lock, and there is a bar on the truck. The bar is used to lift the cover on the street, exposing the fire hydrant. The standpipe is then "drowned" into the hydrant, and a hose is connected to the exposed end of the standpipe. The bar is then coupled with the key, and used to turn the hydrant on and off.
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Assuming that a corporation has good values, which of the following statements about the alignment of personal values and corporate values are true? (All that apply)A. Matching personal values with corporation values is a key element of character.
B. Having misaligned personal and corporate values is unethical and is grounds for immediate dismissal.
C. Having personal values in conflict with corporate values helps develop credibility in the workplace.
D. If personal values are not in alignment with corporate values, a lack of integrity is possible.
A. Matching personal values with corporation values is a key element of character. D. If personal values are not in alignment with corporate values, a lack of integrity is possible.
What are corporate values?
Company values, also known as corporate values or core values, are a set of guiding principles and essential ideas that help a group of individuals work together to achieve a common business goal. These principles are frequently associated with customer interactions, business partnerships, and business growth. We respect everyone and conduct ourselves professionally. Integrity: Trust is built through moral behavior and genuine connections. Teamwork: When we work together as a group, we achieve more. Clear company values make it easier to ensure that all employees are working toward the same goals. Your company's culture is shaped and supported by your fundamental principles. As a result, these values should guide every business decision.
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Scenario C. Jorge, the office manager of Metalblock Inc., believes that providing positive consequences for a job well done will increase the likelihood of good work performance in the future. Jorge personally sends e-mails to his employees to commend their efforts when they perform well. Karla, the CEO of Descriptive Designs Inc., takes her employees off probation early when they perform to her expectations. Barney, the sales manager of Queenstar Corp., often shouts at his employees when they perform poorly. He also fails to appreciate employees when they perform well, which often results in poor performances. From Scenario C., it can be inferred that Jorge believes in the law of demand. relativity return equity. effect
Barney has failed to appreciate his employees when they perform well, which has resulted in poor performances, is an example of extinction.
What is extinction in business management?Extinction is the method through which an acquired behavior or response is forgotten, unlearned, or put out of mind. The goal of extinction, like that of punishment, is to stop undesirable conduct.
In order to reduce the likelihood that a learnt behavior will persist, a desirable behavioral outcome must be withheld at some point in the extinction process. This is probably going to lead to that conduct discontinuing in time. By taking away the reinforcement that is known to keep a hard behavior going, extinction techniques eventually lessen or abolish a habit that is kept going by escape or attention.
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The correct question is:
Jorge, the office manager of Metalblock Inc., believes that providing positive consequences for a job well done will increase the likelihood of good work performance in the future. Jorge personally sends e-mails to his employees to commend their efforts when they perform well. Karla, the CEO of Descriptive Designs Inc., takes her employees off probation early when they perform to her expectations. Barney, the sales manager of Queenstar Corp., often shouts at his employees when they perform poorly. He also fails to appreciate employees when they perform well, which often results in poor performances.
Barney has failed to appreciate his employees when they perform well, which has resulted in poor performances. This is an example of
angela jones is considering two investments. the first produces $5,000 of tax-exempt income. the second produces income that will be subject to tax at a rate of 15%. which of the following statements is true regarding angela's choice? group of answer choices
According to the two investments stated and considered by Angela, both of the statements stand true as she gains profitable income in both of the investments.
If the second investment generates $5,500 of before-tax income, Angela should choose the first investment and if the second investment generates $6,500 of before-tax income, Angela should choose the second investment, so both of the statements are true. An investment is an asset or item purchased with the intention of earning revenue or increasing in value. An increase in the value of an asset over time is referred to as appreciation. When a person buys a good as an investment, the intention is not to consume the good but rather to use it to build wealth in the future.
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Good Slings Inc. manufactures several wood and string instruments at its factory in Thunder Bay. In particular, it is well-known for its production of classic guitars. Assume that Good Slings uses a periodic inventory system and a physical count of inventory takes place at year end. The company accumulated the following costs and account balances for the year ended December 31, 2010 with respect to direct materials:
Balance of materials on January 1, 2010 $197,000
Balance of materials on December 31, 2010 $170,000
Materials purchases during 2010 $744,000
In addition, the following table shows Good Slings’ remaining costs for the year:
Indirect materials $60,000
Direct labor $287,000
Indirect labor $158,000
Utilities, factory $73,000
Utilities, office $27,000
Insurance, factory $17,000
Advertising $21,000
Do not enter dollar signs or commas in the input boxes.
a) Calculate the cost of direct materials used in production for the year.
Materials used in production: $Answer
b) What is the total manufacturing overhead cost for the year?
Manufacturing Overhead: $Answer
c) Calculate total manufacturing costs.
Total Manufacturing Costs: $Answer
d) If there is no beginning work in process inventory and ending work in process inventory is $54,000, what is the cost of goods manufactured?
Cost of Goods Manufactured: $Answer
The cost of direct materials used in production $574,000; total manufacturing overhead cost 614,000; total manufacturing costs 1,412,000; if there is no beginning work in process inventory the cost of goods manufactured $1,091,000.
The cost of goods sold refers to the direct costs of manufacturing the commodities supplied by a firm (COGS). This value includes the cost of the materials and labor required to create the item. It excludes ancillary expenditures such as distribution and sales force costs. COGS is an important financial metric since it is subtracted from an income statement to derive sales revenue. The gross profit is a profit statistic that measures how successfully a company manages its employees and materials during the production process. Manufacturing expenses, for the most part, are sensitive to fluctuations in output volume. Total manufacturing expenditures rise as production rises. Manufacturing expenses are divided into three basic categories: materials, labor, and overhead. These are all direct charges. That instance, the pay and office supplies of the corporate accountant are not included, but the foreman's salary and supplies are.
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capitalization rates are primarily determined by participants in multiple choice question. the capital markets user markets the property market
Capitalization rates are primarily determined by participants in the property market. Thus, option (c) can be regarded as the correct option.
Give a brief account on capitalization rate.The capitalization rate, commonly referred to as the cap rate, is a term used in the world of commercial real estate to describe the projected rate of return on an investment property. This metric is produced using the predicted net income from the property and is expressed as a percentage by dividing net operating income by the estimated property asset value. The probable return on the investor's real estate investment is calculated using this method. The cap rate can be helpful for quickly comparing the relative values of comparable real estate investments on the market, but it shouldn't be used as the only metric to assess the strength of an investment because it ignores factors like leverage, the time value of money, and potential future cash flows from property improvements, among others.
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contract is often used in situations where the scope of work is not well defined, the costs of the project are uncertain, or where there is a high level of risk involved is called
a cost-plus agreement.
A cost-plus contract is one where the contractor receives payment for all actual project expenses in addition to a predetermined fee (or "profit") for the contractor. Since the contractor has no incentive to manage costs, the major drawback of this sort of contract is that it may result in cost overruns.
When the project's expenses are unknown or the scope of the job is not clearly defined, this sort of contract is employed. It's a sort of contract where the contractor receives payment for all actual expenses related to the project together with a predetermined fee (or "profit") for the contractor. In spite of any project-related uncertainties or risks, this enables the contractor to pay their expenses and turn a profit. Additionally, it enables the contractor to assume greater risks than they otherwise could.
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suppose that canada produces syrup and lumber. resources are not specialized meaning that the same set of input is equally productive for making syrup or lumber. the shape of canada's production possibilities frontier is linear because the opportunity cost of producing more syrup, in terms of lumber remains constant with each additional syrup produced
Canada's production possibilities frontier is linear when it comes to producing syrup and lumber because the resources used to produce these goods are not specialized.
This means that the same set of inputs are equally productive for making syrup or lumber. As a result, the opportunity cost of producing more syrup, in terms of lumber, remains constant with each additional unit of syrup produced. This means that for every additional unit of syrup produced, the same amount of lumber must be given up. The slope of the production possibilities frontier represents the opportunity cost of producing one good in terms of the other good. In this case, the slope is constant, which results in a linear production possibilities frontier. Therefore, as Canada moves along the production possibilities frontier, it is able to produce more of one good only by giving up an equal amount of the other good.
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Indicate on which financial statement you would find each of the following item:
Cash provided by operations [SP2]O Balance Sheet O Income Statement O Statement of Cash Flows O Statement of Stockholder Equity
A cash flow statement, also known as a statement of cash flows
Which financial statement can I find cash?In contrast to the income statement, the cash flow statement records cash purchases more directly. In actuality, precise cash outflow events are completely absent from the revenue statement.A cash flow statement, also known as a statement of cash flows, reveals how much money is made and spent during a specific period of time. It is a key financial statement that analysts employ when constructing a three-statement model.Four financial statements serve as the foundation. In order, they are as follows: balance sheets, income statements, cash flow statements, cash flow statements, and statements of shareholders' equity.To learn more about financial statements refer to:
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pc.63 etched impressions produces custom laser-etched artwork on a variety of flat wood surfaces. they recently purchased some new equipment which should help them be more productive. data from the last two months' production can be found in the following table:
Last month's single-factor productivity for Etched Impressions 3.66, by 2.64% Etched Impressions' productivity increase or decrease in terms of Energy, this month's multi-factor productivity for Etched Impressions is 3.141 and by 33.26% Etched Impression's multi-factor productivity improve.
What is single-factor productivity?Single-factor productivity is a synonym for partial productivity measure. It relates output to one particular type of input.
Single factor productivity for etched impression last month in terms of Dollars
= Revenue last month/ Labour cost last month
= $24 x 910 / ( 11.25 x 530 )
= 21840 / 5962.50
= 3.66
Productivity last month in terms of units produced per BTU = 910/2400 = 0.379
Productivity this month in terms of units produced per BTU = 1020/2620 = 0.389
Percentage increase in productivity this month
= ( 0.389 – 0.379 ) / 0.379 x 100
= 2.64%
CALCULATIONS FOR MULTIFACTOR PRODUCTIVITY :
Total cost for LAST month
= Charge/ labour hour x Labour hour + Charge wood/ feet x amount of wood in feet + Energy $ / BTU x 2400
= $11.25 x 530 + 2.11 x 950 + 0.54 x 2400
= $5962.50 + $2004.50 + $1296
= $9263
Revenue produced LAST month = $24 x 910 = $21840
MULTIFACTOR PRODUCTIVITY last month = Revenue last month/ Total cost last month = 21840/9263 = 2.357
Total cost for THIS month
= Charge/ labour hour x Labour hour + Charge wood/ feet x amount of wood in feet + Energy $ / BTU x 2400
= $11.25 x 400 + 2.11 x 890 + 0.54 x 2620
= $ 4500 + $1877.90 + $1414.80
= $ 7792.70
Revenue produced THIS month = $24 x 1020 = $24480
MULTIFACTOR PRODUCTIVITY this month = Revenue this month / Total cost this month = 24480 / 7792.70 = 3.141
Percentage increase in Multifactor productivity this month over last month
= ( Multifactor productivity this month – multifactor productivity this month) / Multifactor productivity this month x 100
= ( 3.141 – 2.357 ) / 2.357 x 100
= 0.784/2.357 x 100
= 33.26 %
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Complete question:
If the Mount Lemmon fire district attempts to implement H diversity initiatives, but these initiatives are defeated because the district is concerned that younger firefighters will be treated worse as a result
The barrier that this would describe as shown in the relevant section is negative diversity climate.
What does Negative Diversity Climate mean?This refers to an environment that does not favor diversity. Its stems from the notion that diversity would cause harm to those it is meant to favor.
If the age diversity is implemented in the fire district to help younger firefighters, they would be treated worse. This is therefore a negative diversity climate because the people to be helped will be worse off. In conclusion, this is a negative diversity climate.
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How will you create the desired outcome?
To create the desired outcome, it is important to strategize and plan. Only a foolproof strategy and having set objectives can help create the desired outcome.
Having a clear goal or objective can help you understand more about the efforts required to achieve the objective and how they will affect your desired outcome.
When an objective is desired, there are many ways to approach it, and several processes are to be taken into consideration. It is important to understand the target before considering strategies or processes. Each process might lead to a different outcome. Hence, a desired outcome can only be created by proper analysis of each process.
After thoroughly reviewing each possibility of approaching the goal, the process that seems more concrete and foolproof and is more inclined towards the goals set can be considered, and the outcome will be the desired outcome.
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suppose that the supply curve of healthcare services is perfectly inelastic (i.e., vertical supply curve that is completely unresponsive to price changes). analyze the effect of an increase in consumer income on the market price and quantity of the services. now, suppose that the demand for healthcare services is perfectly inelastic while the supply curve is upward sloping. analyze the effect of an improvement in the technology of production on the market price of healthcare services.
The demand for medical services will shift to the left in this circumstance. As a result, the equilibrium cost for medical services will rise.
However, because the supply curve is completely inelastic, this price change will have no impact on the equilibrium level of medical services. When the demand for a good or service is fully elastic, the supply does not respond to changes in price. In this case, the supply curve is vertical and parallel to the price axis. As the consumer's income decreases, less medical care will be needed.
The price elasticity of supply, which measures the percentage change in the volume of an item delivered when the price changes by one percent, is a key concept in economics. The supply of an item or service may be entirely elastic, fully inelastic, slightly elastic, or comparatively inelastic.
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lassiter industries purchased equipment for $140,000. lassiter expects to use the equipment over the next 10 years. recording this transaction would include a multiple choice question.
Lassiter industries purchased equipment for $140,000. lassiter expects to use the equipment over the next 10 years. recording this transaction would include Debit to equipment for $140,000.
What exactly is a transaction?
A transaction is a business event that affects the financial statements of an entity financially and is noted as an entry in the accounting records of that entity.
The following are a few examples of transactions: paying a supplier for products or services received.
Which of the following includes a list of transactions that have an impact on each account?
The information required to create the balance sheet and income statement comes from a general ledger (GL), which keeps track of all activities that have an impact on a company's accounting components such assets, liabilities, equity, expenses, and revenue.
Learn more about general ledger (GL)
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two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. determine the amounts of the missing items, identifying them by letter.
The amounts of the missing items are Finished good inventory June 1 $61,600 $46,200 $55,200 $540,000.
What is in an income statement?The sales , costs, and profitability of a business are displayed on an income statement over a certain time period. A profit-and-loss (P&L) or earnings statement is another name for it.One of a firm's financial accounts, an income statement or profit and loss account, lists the revenues and costs the company incurred for a certain time period. It explains how net income or net profit is produced from revenues.One of the three key financial statements that summarises a company's financial performance during a certain accounting period is the income statement.To learn more about income statement refer to:
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during 2019, grambling company purchased 20,000 shares of southern corp. common stock for $215,000 as a passive interest investment. the fair value of these shares was $226,000 at december 31, 2019. during 2020, grambling sold all of the southern stock for $240,000. grambling company should report a realized gain on the sale of stock in 2020 of
The Grambling company should report a realized gain on the sale of stock in 2020 of $14,000.
Index investing in one common passive investing strategy whereby investors buy a representative standard, similar as the S&P 500 indicator, and hold it over a long time horizon. Passive investing styles seek to avoid the freights and limited performance that may do with frequent trading. Passive investing’s thing is to make wealth gradationally. Also known as a steal- and- hold strategy, passive investing means buying a security to enjoy it long- term. Unlike active dealers, passive investors don't seek to benefit from short- term price oscillations or request timing. The underpinning supposition of passive investment strategy is that the request posts positive returns over time. Passive investing attempts to replicate request performance by constructing well- diversified portfolios of a single stock, which if done collectively, would bear expansive exploration.
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An insurance premium of $1,500 is paid for insurance coverage for the following year. The payment is recorded as an expense. This violates the ______ principle of accounting.
matching
If an insurance premium of $1,500 is paid for insurance coverage for the following years and the payment is recorded as an expense. Then this violates the matching principle of accounting.
In accounting, the matching principle states that income for a period should be matched to the expenses incurred to generate it.
For example, if an insurance premium was paid with the intention of covering consumption in the following year, it is a prepaid expense that should be recognized and treated as an asset at the end of the current year.
Furthermore, when the insurance service is consumed, such an asset will be recognized as an expense the following year.
Accounting's matching principle states that revenues and related expenses must be recorded in the same period. The matching principle ensures that accounting principles are straightforward and not deceptive. Infringing on the matching principle will result in an inaccurate financial assessment of a company.
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