Introduction A Restaurant wants to avoid kitchen fires. The restaurant could make many investments to avoid the fires in the first place quickly and safely.
The market is in equilibrium where the marginal cost curve and marginal damage curve intersect and define P price level and Quantity. If no insurance are available, the firm, it will invest an amount that makes marginal social cost and marginal social benefit equal. If full investment is available, the restaurant would purchase more fire in part a. Because full insurance is available. Therfore they purchase more insurance for investment. All other options are wrong. If less insurance is available, they will invest less.
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gross domestic product as it is commonly calculated includes estimates of the money value of the following economic activities (mark all that are correct):
When calculating gross domestic product, government purchases are used to estimate the monetary worth of the commodities and services provided by the productive sector and consumed by households. The right answers in this case are C and D.
Since it tells us about the size and health of an economy, GDP is important. Real GDP growth is commonly employed as a proxy for the state of the economy as a whole. Real GDP growth is typically regarded as a sign that the economy is doing well.
It indicates the total value of all commodities and services produced inside a nation's boundaries within a certain time period.
GDP may be used by economists to assess whether an economy is expanding or going through a recession. Investors can utilize GDP to guide their decision-making. Lower earnings and stock prices are frequently a result of a weak economy.
Complete question:
Gross domestic product as it is commonly calculated includes estimates of the monetary value of the following economic activities (mark all that are correct):
A - Nonmarket transactions.
B - An estimate of illegal transactions.
C - The goods and services produced by the productive sector and consumed by households.
D - Government purchases.
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Electric power companies often give advice on how consumers can use less electricity during the summer and save money on their electric bills. This is an example of demarketing.
True
True. Electric power companies often give advice on how consumers can use less electricity during the summer and save money on their electric bills. This is an example of demarketing.
Demarketing may be considered “unselling” or “marketing in reverse”, which includes general and selective demarketing. Although the concept of demarketing lacks a precise theoretical definition, it refers to an attempt by the firm to discourage all or some of its customers from making purchases either temporarily or permanently. Since the initial interests in the subject area of how to market strategically in times of shortages began, different viewpoints have been offered as to how the firm should pursue demarketing.
Demarketing" that some commodities are either unsafe for users or in little supply. These commodities must be carefully managed. Therefore a term coined “Demarketing" was described as "that aspect of marketing that deals with discouraging customers in general or a certain type of customers in particular on a temporary or permanent basis."
"Demarketing is the science of limiting demand for something, such as the demand for water when there is a lack of supply." It refers to any attempt to deter people from purchasing a certain product. Companies can use it to regulate product use, pricing, or demand in a number of conditions.
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Complete question: True or False. Electric power companies often give advice on how consumers can use less electricity during the summer and save money on their electric bills. This is an example of demarketing.
the following income statement and balance sheets for laser world are provided: laser world income statement for the year-ended december 31, 2021 sales revenue $ 2,270,000 cost of goods sold 1,590,000 gross profit 680,000 expenses: operating expenses 340,000 depreciation expense 65,000 loss on sale of land 4,900 interest expense 21,000 income tax expense 57,000 total expenses 487,900 net income $ 192,100
Income statement and balance sheets for laser world are provided with laser world's income statement for the year ended December 31, 2021 sales revenue is $280,000.
*Calculations for Total current assets and Total current liabilities:
Current assets: 2021 Current liabilities: 2021
Cash $120,000 Accounts payable $55,000
Accounts receivables $90,000 Interest Payable $8,000
Inventory $120,000 Income tax payable $15,000
Prepaid expenses $10,000
Total current assets (a) $340,000 Total current liabilities (a) $78,000
*Calculation of Net operating income :
2021
Sales revenue $2,200,000
Cost of goods sold ($1,500,000)
Operating expenses ($350,000)
Depreciation expenses ($70,000)
Net operating income $280,000
A balance sheet is a statement of a business's assets, liabilities, and owner's equity as of any given date. Typically, a balance sheet is prepared at the end of set periods (e.g., every quarter; or annually). A balance sheet is comprised of two columns. The column on the left lists the assets of the company.
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contrast the arguments concerning union membership that are likely to be presented by a union with those likely to be presented by an employer.
The arguments concerning union membership that are likely to be presented by a union with those likely to be presented by an employer. The union would argue that the establishment of the union is based on the need to properly represent the employees of the organization.
The union membership is made up mainly of workers. The trade union is an organization made up of members. The main aims of union trade is to protect and advance interest of its members in the workplace or an office. It is independent of any employer.
The union membership is in several categories like craft union, industrial union, Labor union, etc.
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The following were selected from among the transactions completed by Caldemeyer Co. during the current year. Caldemeyer sells and installs home and business security systems.
Jan. 3 Loaned $18,000 cash to Trina Gelhaus, receiving a 90-day, 8% note.
Feb. 10 Sold merchandise on account to Bradford & Co., $24,000. The cost of the goods sold was $14,400.
13 Sold merchandise on account to Dry Creek Co., $60,000. The cost of goods sold was $54,000.
Mar. 12 Accepted a 60-day, 7% note for $24,000 from Bradford & Co. on account.
14 Accepted a 60-day, 9% note for $60,000 from Dry Creek Co. on account.
Apr. 3 Received the interest due from Trina Gelhaus and a new 120-day, 9% note as a renewal of the loan of January 3. (Record both the debit and the credit to the notes receivable account.)
May 11 Received from Bradford & Co. the amount due on the note of March 12.
13 Dry Creek Co. dishonored its note dated March 14.
July 12 Received from Dry Creek Co. the amount owed on the dishonored note, plus interest for 60 days at 12% computed on the maturity value of the note.
Aug. 1 Received from Trina Gelhaus the amount due on her note of April 3.
Oct. 5 Sold merchandise on account, terms 2/10, n/30, to Halloran Co., $13,500. Record the sale net of the 2% discount. The cost of goods sold was $8,100.
15 Received from Halloran Co. the amount of the invoice of October 5, less 2% discount.
Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year. Assume this is a year in which February has 28 days.
The journal entry for the given data are:
Jan. 3
Cash 18,000
Notes Receivable 18,000
Feb. 10
Records of sales of 24,000
Stock 14,400
Cost of Products Sold 14,400
Feb. 12
Notes Receivable 24,000
Records of sales of 24,000
Apr. 3
Interest Income 720
Notes Receivable 18,000
Cash 18,720
May 11
Cash 24,000
Notes Receivable 24,000
Apr. 3
Notes Receivable 60,000
Interest Receivable 720
May 11
Notes Receivable 8,000
Cash 7,920
July 12
Notes Receivable 60,000
Interest Receivable 720
Interest Cost 720
Aug. 1
Notes Receivable 9,000
Cash 8,910
Oct. 5
Records of sales of 13,500
Cost of Merchandise Sold 8,100
Deals Income 13,500
Oct. 15
Cash 13,230
Records of sales of 13,500
Discounts Allowed 270
Clarification:
The above journal entries at first record the exchanges of Caldemeyer Co. . Here, the records engaged with every exchange are identified, debited, and credited by and large.
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focuses on smoothing transitions along the supply chain so that the firm can satisfy its customers with quality products and services while focusing on forging tighter bonds with its suppliers. channel power management distribution smoothing participative channel management supply chain management partnering distribution
Supply chain management focuses on smoothing transitions along the supply chain so that the firm can satisfy its customers with quality products and services and also tighten bonds with its suppliers, which means option D is correct.
Supply chain management is the flow of goods and services starting from its production, manufacturing and service delivery to its customers. Its main focuses are quality management and improvement, cost deductions, optimization and better coordination between the producers, investors and the customers. All the data related to rectifications and faults tat occur or losses incurred are also accounted under supply chain management. It also involves product development and integration and information sharing.
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Foxburo Company expects to pay a $2.34 per share cash dividend this year on its common stock. The current market value of Foxburo stock is $32.50 per share. Compute the expected dividend yield on the Foxburo stock. Would you classify the Foxburo stock as a growth or an income stock? Explain
The expected dividend yield on the stock of Foxburo Company is 7.20% as per the given cash dividend.
Cash dividend: The amount of cash provided by a corporation out of its distributable profits to its shareholders as a return for the amount invested by them is referred to as cash dividends.
Dividend yield: The dividend yield ratio indicates how much percentage of share prices a company pays out in the form of dividends price. The formula to calculate the dividend yield percentage is as follows:
Dividend yield = (Dividend per share/stock price) * 100
Cash dividend on the stock = $2.34
The current market value of the stock = $32.50
The expected dividend on the stock is calculated as:
Expected dividend yield = dividend paid/market value of the stock*100
= 2.34/32.50*100
= 7.20%
The stock on which the dividend is paid is classified as an income stock. Therefore, the stock of F will be classified as an income stock because a dividend is paid on the stock.
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Consider a covered call (buy the stock, write a call option against it) position in Goldman Sachs (GS). Currently GS sells for $185. Also, a call option with an exercise price of $200 can be sold for $12.50. What is your profit per share at expiration from the covered call position if GS is selling for $225
-$12.5 is your profit per share at expiration from the covered call position if GS is selling for $225.
A covered call is an options trading strategy of an option plus a stock
Covered call is the combination of
1) Long position on the stock( Buy the stock)
2) Short position on the call ( Sell the call)
Current GS price = S0 = $185, stike or exercise price of call =K= $200, cost of call = C = $12.50
The covered call is being expried when GS price = S1 = $225
Since it is a call option, the option buyer will have right to exercise the option if strike price is higher than stock price
here strike price = $200 and stock price = $225, so it will be exercised
So, the seller of the call option will loose the difference between two which is = $225-$200 = $25
But, he sold the call option, so he might have got the price of call option which is $12.50
total loss = -$25+$12.50 = -$12.5.
In economics, profit is the difference among the sales that an economic entity has received from its outputs and the overall fee of its inputs. it is identical to overall revenue minus total fee, such as both explicit and implicit charges. In economics, profit is the distinction between the sales that an financial entity has received from its outputs and the entire cost of its inputs. it's miles equal to general revenue minus total fee, which include each explicit and implicit expenses. profit, in commercial enterprise utilization, the excess of overall revenue over general fee in the course of a particular time period. In economics, earnings is the excess over the returns to capital, land, and labour (interest, lease, and wages).
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significant changes in stockholders' equity are reported in question 12 options: income statement retained earnings statement statement of stockholders' equity statement of cash flows
Significant changes in stockholders' equity are reported in: C. statement of stockholders' equity .
What is statement of stockholder's equity?Statement of stockholder's equity are often use to shown any form of changes or modification that has occur in the stockholder equity of a company . Stockholder equity tend to as well show the difference in a company assets and liabilities.
Statement of stockholder's equity is often show a company or an organization balance sheet.
Therefore the correct option is C.
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concord corporation is contemplating the replacement of an old machine with a new one which of the following amounts is relevant to the replacement decidsion
Concord corporation, The following benefits result from replacing the old machine: = $154,000.
a) Information and computations
New machine, old machine
Price $200,000 $400,000
Amount of Accumulated Depreciation 60,000 -
10 years are yet in its usable life, which is 0
Useful life: 0–10 years
Operating expenses per year $160,000 $120,000
Relevant expenses
New machine, old machine
Operating expenses each year are $160,000 $120,000.
Total operating expenses per year: $1,600,000 $1,200,000 ($120,000 * 10)
Relevant cost Price 140,000 400,000
Value of an old machine for sale (14,000)
In total, $1,740,000 was spent; $1,586,000 was spent.
($1,740,000 - $1,586,000) The net benefit of replacing the old equipment is $154,000.
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Complete question is:
Concord corporation is contemplating the replacement of an old machine with a new one. The following information has been gathered: Old Machine New Machine Price $200000 $400000 Accumulated Depreciation 60000 -0- Remaining useful life 10 years -0- Useful life -0- 10 years Annual operating costs $160000 $120000 If the old machine is replaced, it can be sold for $14000. The company uses straight-line depreciation with a zero salvage value for all of its assets. The net advantage (disadvantage) of replacing the old machine is
name a company which is currently facing an business issue or problem, describe the issue and discuss why (if you were a consultant) you'd want to solve it
Zillion is a company which is facing the issue of strong brand identity which is one of the biggest business problem.
The visible components of a brand, such as its color scheme, logo, and design, are known as its brand identity. It is the way a company, corporation, or business conducts itself in front of the general public and stands out to customers. Simply said, it's what you, your clients, and potential clients can see.
A corporation must have a thorough awareness of its target market, rivals, and the surrounding business environment in order to project a strong sense of brand identity. Core and extended identities are both parts of a brand's identity. The extended identity includes the detailed aspects of the brand that contribute to a recurring pattern, whereas the core identity shows consistent long-term associations with the brand.
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Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on the firm's production function are (L = 5, Q = 120) and (L = 8, Q = 180). Then the marginal product of the 8th worker is
- 20 units of output.
- 60 units of output.
- 37 units of output.
- 100 units of output.
With two points on the firm's production function are (L = 5, Q = 120) and (L = 8, Q = 180). Then the marginal product of the 8th worker is 20 units of output.
The marginal product or marginal physical productivity of an input (factor of production) in economics, and particularly neoclassical economics, is the change in output that results from using one more unit of a specific input (for example, the change in output when a firm's labor is increased from five to six units), assuming that the quantities of other inputs are kept constant.
One must isolate a particular change in a firm and monitor how that change impacts output in order to effectively calculate marginal product.
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Samantha invested $1,000 in an account that pays 5% interest compounded annually. Assuming no deposits or withdrawals are made, find how much money Samantha would have in the account after her initial investment. Round to the nearest tenth (if necessary).
Samantha put $1,000 into an account that accrues 5% interest, or $2406.61 yearly.
Why not explain interest?The fee you pay when borrow the money or the fee you pay to lend the money is called interest. The most common way to represent interest is as a yearly percentage of the loan amount. The rate of interest on the loan is known as this percentage.
What does interest, for instance, mean?the desire to give something your whole attention or to become interested in and learn more about something: I've been fascinated by astronomy my entire life. He never appears to be interested in his kids.
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farmer buys a tractor for $50,000. if the tractor depreciates 10% per year, use an exponential function to find the value of the tractor in 7 years
If the tractor depreciates 10% per year, use an exponential function.The value of the tractor in 7 years is $23,914.85.
Given:
A farmer buys a tractor for $50,000.
If the tractor depreciates 10% per year
Time = 7 years
So, V= 50,000 x (1- 10/100)^7
= 50000 x (1- 1/10)^7
= 50000 x (9/10)^7
= 23,914.85.
Depreciation is the time period used to describe while something loses value over time. commonly speakme, a car's fee falls through the years. As a result, it is taken into consideration to lose cost.
How a lot of an asset's fee has been used is proven via depreciation. It allows companies to purchase assets over a predetermined length of time and generate earnings from those assets.
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folsom advertising, inc. is considering an investment in a new information system. the new system requires an investment of $1,800,000 and either has even cash flows of $750,000 per year or the following expected annual cash flows: $450,000, $225,000, $600,000, $600,000, and $150,000. required: calculate the payback period for each case. note: round final answers to one decimal place.
The payback period is 2 years and 5 months and the other Payback period=3 years and 8 months
The payback period is the total length of time it takes for an investment to be recouped through the cash flows it generates. It is a measure of the time it takes for an investment to pay for itself.
Calculating the payback period for each case -
a)
Total cash flow for two years
= 750 × 2
= 1500.000
Balance of cash flow = 1800,000 - 1500,000
= 300,000
Payback period
= 2 years + (300,000/750,000) × 12months
= 2 years 5 months
b)
Total cash flow for three years
= 450,000 + $225,000 + 600,000
=1,275,000
Balance o cash flow =
= 1,800,000 -1275,000
= 525,000
Pay back period
= 3 years + (525,000/750,000) × 12 months
= 3 years 8 months
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because of the significant information it can reveal about the electorate mining has become increasingly important to campaign managers
Because of the significant information it can reveal about the electorate, Data mining has become increasingly important to campaign managers.
So, correct answer is Data mining.
Companies use data mining as a method to transform unstructured data into usefull Data. Businesses can learn more about their customers to create more successful marketing campaigns, boost sales, and cut expenses by employing software to seek for patterns in massive volumes of data. Effective data collection, warehousing, and computer processing are prerequisites for data mining.
Data mining is the process of examining and analyzing huge chunks of data to discover significant patterns and trends. Numerous applications exist for it, including database marketing, credit risk management, fraud detection, spam email screening, and even user sentiment analysis.
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an evolving structure for an international organization over time is normal, as the company's involvement in foreign markets increases over time. t/f
It is true that an international organization's structure typically changes over time.
How would you define organization?A cooperative group of people is known as an organization. A company, community group, NGO, or union are a few examples.A person, a group of people, a business, or the expansion of anything can all be referred to as a "organization."
What three types of organizations are there?The functional, departmental, or matrix organizational structures are used by the majority of the businesses today. Entrepreneurs must consider the advantages and disadvantages of each type before deciding which to utilize for their business.
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The less specific you are while writing your business messages, the greater the possibility that your readers will
read your message more carefully.
focus on the main message.
be assured of your credibility.
scan and skim your message.
be assured that you are not hiding facts.
The less specific you are while writing your business messages, the greater the possibility that your readers will scan and skim your message.
How Do You Write in Business?In a professional environment, business writing is a style of writing that is employed. It is written with a specific goal in mind and does a good job of effectively, succinctly, and clearly transferring important information to the reader. Proposals to clients, reports, notes, emails, and notifications are all included. The key to efficient communication in the workplace is having strong business writing skills.
What Constitutes a Good Business Writing Practice?Writing takes on a direction and develops its tone, structure, and flow when its goal is clear.Writing is less organized, rambling, and repetitious when thought is done while writing as opposed to before.The dissemination of accurate and worthwhile information is the main objective of business writing.A straightforward writing style helps the reader understand the content much better.It is advised to embrace helpful criticism from peers and edit the paper accordingly.Just say it.Good grammar conveys ability and attention to detail, both of which are qualities that are highly prized in the corporate world.Executives in business like a paper that can be quickly understood.To know more about business message visit
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the starting point in preparing a master budget is the preparation of the production budget. sales budget. purchasing budget
The starting point in preparing a master budget is the preparation of the sales budget.
What is budget?A budget is an estimate of income and expenses for future periods, as opposed to an account that records financial transactions. A budget is a spending plan based on your income and expenses. In other words, it is an estimate of how much money you can make over a period of time. Earn and spend for a month or a year.A budget is a formal statement of estimated income and expenses based on future plans and goals. In other words, a budget is a document prepared by management to estimate income and expenses for the next period based on business objectives. A government's budget is a summary or plan of the expected resources and expenditures of that government.There are three types of government budgets: Operating or current budget, capital or investment budget, and cash or cash flow budget.to learn more about budget from the given link :
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Which of the following Actions should the ccntr.il bank take if monetary authorities want to reduce the supply of money to slow the rate of inflation? Increase taxes, reducing costs and causing prices to fall Buy government bonds, reducing money supply, increasing interest rates, and slowing aggregate demand. Sell government bonds reducing money supply increasing interest rates and slowing aggregate demand. Decrease the discount rate lowering interest rates and causing both costs and prices to fall.
The Fed can increase the plutocrat force by bringing down the reserve conditions for banks, which allows them to advance further plutocrat. Again, by raising the banks' reserve conditions, the Fed can drop the size of the plutocrat force.
Central banks use several unique styles to increase or drop the quantum of plutocrats in the banking system. These conduct are indicated to as financial approach. While the Federal Reserve Board — generally indicated to as the Fed — could publish paper currency at its discretion with an end thing to increase the quantum of plutocrat in the frugality, this isn't the measure used, at least not in the United States.
The Federal Reserve Board, which is the administering body that manages the Federal Reserve System, oversees all domestic financial arrangement. They're frequently indicated to as the Central Bank of the United States. This means they're generally considered responsible for controlling affectation and managing both short- term and long haul interest rates. They make these opinions to strengthen the frugality, and controlling the plutocrat force is an important instrument they use.
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identify the temporary accounts below: multiple select question. drawing salaries expense interest income interest payable cash advertising expense
A Temporary accounts is an account this is closed at the end of every accounting duration and starts offevolved a new length with a zero balance. The bills are closed to prevent their balances from being mixed with the balances of the following accounting period.
A permanent account may be located on a corporation's balance sheet, which affords a photograph of what the enterprise owns and owes at a particular point in time, and a brief account can be located on a agency's earnings announcement, which assesses earnings and loss over a stretch of time.
belongings, liabilities, and equity accounts are all everlasting bills and are found to your balance sheet, whilst earnings and fee money owed are transient accounts which might be observed on your profits assertion, and ought to be closed every accounting duration.
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one of the advantages the balanced scorecard has over traditional control processes that rely soley on financial measures is that it .
Minimizes the chances of suboptimization one of the advantages the balanced scorecard has over traditional control processes that rely soley on financial measures
How does suboptimization work?A process or system that is inefficient or unproductive results in suboptimization, which is a decreased level of production. Suboptimization may also result from a concentration on improving a single aspect of a firm rather than its overall performance. The foundation for a connection among both organizational structure & the policies chosen is the suboptimization principle.
What kind of suboptimization is that?A manufacturing unit scheduling production to benefit its pricing structure without consideration of client requirements or the impact on other business units is an example of sub-optimization.
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Read the given case carefully and answer the questions below Nawal just graduated from IIM., Bangalore and joined his father’s new business, which employed 28 semi-skilled workers. After a week, his father, a retired government officer, called him and said, "Nawal, I have had a chance to observe your working with the men and women for the past few days. Although I hate to, I must say something. You are just too nice to people. I know they taught you human relations stuff at the IIM., but it just does not work here. I remember when the Hawthorne studies were first reported, everyone in the academic field got excited about them. But, believe me, there is more to managing people than just being nice to them." Questions Do you think Nawal's father understood and interpreted the Hawthorne studies correctly? If you were Nawal what would your reaction be to your father's comments?
Answer:
It is not clear from the given information whether Nawal's father understood and interpreted the Hawthorne studies correctly. The Hawthorne studies were a series of experiments conducted at the Hawthorne Works factory in the 1920s and 1930s to study the effects of lighting and other working conditions on productivity. The studies found that workers' productivity increased when they were given special attention and felt that their contributions were valued, regardless of the specific changes made to the working conditions. It is possible that Nawal's father misunderstood the findings of the Hawthorne studies and believed that simply being nice to workers is sufficient for managing them effectively.
If I were Nawal, I would explain to my father that the Hawthorne studies showed that giving workers special attention and valuing their contributions can improve their productivity, but that there are other important factors to consider when managing people effectively. I would also suggest that we discuss the specific issues and challenges facing our business, and come up with a plan to address them together.
the atmospheric component of the global phosphorus cycle is much reduced in comparison to the atmospheric component of the carbon and nitrogen cycles. t/f
"The atmospheric component of the global phosphorus cycle is much reduced in comparison to the atmospheric component of the carbon and nitrogen cycles." This statement is True.
An surroundings (from historical Greek ἀτμός (atmós) 'vapour, steam', and σφαῖρα (sphaîra) 'sphere') is a layer of fuel or layers of gases that envelop a planet, and is held in place through the gravity of the planetary frame. A planet retains an atmosphere whilst the gravity is outstanding and the temperature of the ecosystem is low.[1] A stellar ecosystem is the outer area of a celebrity, which includes the layers above the opaque photosphere; stars of low temperature would possibly have outer atmospheres containing compound molecules.
The atmosphere of Earth is composed of nitrogen (seventy eight%), oxygen (21%), argon (0.9%), carbon dioxide (zero.04%) and trace gases.[2] most organisms use oxygen for breathing; lightning and bacteria perform nitrogen fixation to supply ammonia that is used to make nucleotides.
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in an engagement to review the financial statements of a nonissuer, the accountant most likely would perform which of teh following procedures
Analysis of inventory turnover procedures would probably be carried out by the accountant in a project to analyze the financial accounts of a non-issuer.
What are the methods of inventory analysis?Analysis methods including gross margins, days with inventory on hand, inventory turnover ratio, and historical costs of inventory can be used to study inventory.
The inventory turnover ratio is what.The interval between the procurement of a product by a company and its sale is known as inventory turnover. The phrase "full turnover of inventory" refers to the sale of all the goods that were bought, excluding any products lost to damage or shrinkage.
The inventory turnover ratio is the frequency with which a company sells and replenishes its stock over a specified time period. Using the technique, one can also calculate how many days it will take to sell the current inventory.
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suppose you are thinking about funding a kickstarter campaign for a hybrid mechanical/digital calendar for which you are willing to pay $125. to receive a calendar, the company requires you to pledge $100. you think there is about an 80% chance of the company succeeding. if the company fails, you will not receive a refund. Calculate the consumer surplus you obtain if the company succeeds to evaluate whether the bet is fair. a. Funding the calendar a fair bet b. A risk-averse individual take this bet acer
A fair bet is one with an expected value is zero. So, a bet say, you win $3 if a toss of a fair coin turn up with head face, whereas you loose $3 , if it turned up to be tail. Now here since it's a fair coin, probability of both the outcome is equal, expected outcome = 0.5*3 + 0.5*(-3) = 0
Expected outcome in this case = gain if the company succeed* probability that company succeed + loss if the company do not succeed* probability that company do not succeed.
= (Willingness to pay - the actual payment made) * 0.8 + (-100) *0.2 = 25*0.8- 0.2* 100 = 0
Hence, it's a fair bet.
A person is risk averse if he never accepts a fair bet. This is the defining characteristics of a risk averse individual.
A risk averse individual does not take this bet.
Expected Outcomes are statements that describe what we expect. participants/customers/learners to learn and achieve. • Describe the changes that will occur at a programmatic/operational level. • Expected outcomes describe what we expect the. program/department/office to achieve and produce.
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To support National Heart Week, the Heart Association plans to install a free blood pressure testing booth in El Con Mall for the week. Previous experience indicates that, on average, 6.0 persons per hour request a test. Assume arrivals are Poisson distributed from an infinite population. Blood pressure measurements can be made at a constant time of six minutes each. Assume the queue length can be infinite with the FCFS discipline.
a. What average number in line can be expected? (Round your answer to 3 decimal places.)
b. What average number of persons can be expected to be in the system? (Do not round your intermediate calculations. Round your answer to 3 decimal places.)
c. What is the average amount of time that a person can expect to spend in line? (Do not round your intermediate calculations. Round your answer to 4 decimal places.)
d. On average, how much time will it take to measure a person’s blood pressure, including their
Answer:
a).
Arrival Rate = 6 per hour
Service Time: 6 min.
The hourly service rate is equal to 60/6.
Average Number of People in Line Lq is equal to Arrival Rate 2 (Service Rate (Service Rate - Arrival Rate))
Lq = 6^2 / (10*(10-6))
b) Average Number in System L = Arrival Rate / Lq = 36/40 Lq = 0.900 (Service Rate - Arrival Rate)
L = 6/(10-6) (10-6)
L = 6/4
L = 6/4
c) The average wait time (Wq) is calculated as Arrival Rate / (Service Rate* (Service Rate - Arrival Rate)).
Wq = 6/(10*(10-6))
Wq equals 6/40 hours
Wq equals 6*60/40 minutes.
Wq = 9 minutes
d)
W = 1/(Service Rate - Arrival Rate) Average Number
W = 1/(10-6) (10-6)
W = 1/4 hour
W = 60/4 seconds
W = 15 minutes
Exactly how are arrival and service rates determined?Queuing formulae:It's necessary to establish certain performance measurements before doing queue analysis. Two crucial measures are:
L stands for the typical client count, and W for the typical customer dwell duration.
If we assume that a represents the typical rate of customer arrivals and h represents the typical rate at which customers can be helped or served (to use the terminology from the student activity), then 1/a represents the typical interval between subsequent arrivals and 1/h represents the typical service time per customer.
The average number of arrivals during an average service period is also reflected in the relationship between customer service rate and customer arrival rate, x = a/h.
2 It can be demonstrated that this formula also accurately captures the server's utilization rate.
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a small, privately owned u.s. company decided to venture into global sales. unfortunately, it immediately experienced custom problems. grayson, owner of the company, found a web-based firm that could assist his business in determining what paperwork is needed, cross-checking their databases for information about foreign trade duties and taxes, u.s. labor law restrictions, and other federal regulations. grayson needed help managing A: logistics
B: CRM
C: Front-line forwarding
D:Shipping
Grayson needed help in managing the Front-line forwarding. This would help in checking database for information about foreign trade duties and taxes, U.S labor law restrictions, and other federal regulations. Thus, the correct option is (c).
An organization that handles paperwork, cross-checks databases for data on foreign trade levies and taxes, U.S. labor law limits, and other federal rules is referred to as front line forwarding.
Grayson should pick a company that offers the service as it enhances international trade. The transportation infrastructure and CRM systems needed to maintain customer interactions are referred to as logistics. The word "shipping" originally referred to maritime transportation, but American English has enlarged it to now cover aviation and land transit.
Therefore, the appropriate choice of answer is Front Line Forwarding.
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which of the following statements is true? group of answer choices oil is classified as part of the resource category land. a person working for a company is classified as part of the resource category capital. a machine in a factory is classified as part of the resource category land. a person with the particular talent for organizing the resources of land, labor, and capital to produce goods, seek new business opportunities, and develop new ways of doing things is classified as part of the resource category labor. a and d
Oil is viewed as a land asset, as oil is normally happening in the old rocks of the earth in this way are called raw petroleum happens in crude structures. Around 84% of oil holds happen in offshores.
The complete assessed oil repository of the oil depends on the geologic information acquired from the oil wells. With approx, 4.1 million barrels of oils are held in essential stores.
Strategies for the assessment of oil in places are Volumetric techniques, material equilibrium techniques, and creation decline bend strategy. New exploration recommends that the oil saves have been tracked down in Canada and the Antarctic circle.
Most extreme stores have been tracked down in Venezuela, Saudi Arabia, and Canada as these terrains have extraordinary stores of mineral sand and sedimentary stone.
Therefore oil is the land resource.
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The international marketing manager's task is more complex than the domestic marketing manager's in part because
Question 1 options:
O there are greater variations in uncontrollable environmental forces among nations.
O there are no trade barriers in international markets.
O international markets are geographically dispersed and require coordination.
O marketing personnel are difficult to find in an international context.
There are greater variations in uncontrollable environmental forces among nations and that's why the international marketing manager's task is more complex than the domestic marketing manager.
What exactly does marketing mean?For the purpose of generating, conveying, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large, marketing refers to a variety of activities, institutions, and procedures.
What part does marketing play?The benefit of marketing to your company is that it informs consumers about your goods and services, engages them, and influences their decision to purchase. A marketing strategy, which should be a component of your business plan, can also aid with demand creation and maintenance as well as relevancy, reputation management, and competitiveness.
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