Match the following:
1. Market
2. Bartering
3. Trading
4. Labor
5. Labor Union
_organization that represents workers in the areas of wages, benefits, and work rules
_a place where buyers and sellers exchange goods and services
_ exchanging goods and services with or without the use of money
_exchanging goods and services without the use of money
_human resources used to produce goods and services​

Answers

Answer 1
1- Market ( option 2)
2- Bartering ( option 3 )
3- Trading ( option 1)
4- Labor ( option 5 )
5- Labor Union ( option 4)

Related Questions

(b) The budgeted level of output for a manufacturing department is 18,000 hours per period and it is
desired to produce a flexible budget for its factory overhead. The rate of pay for direct labour NI
per hour. The following is available:
Variable Cost: indirect labour per direct labour hour
Consumable supplies
Holiday and sick pay
Power
Fixed Cost: Rent rate per period
1
2
3
4
№6,000
N3,500
N2,000
Supervision for the period.
№4,000
Semi Variable Cost- For this purpose, these costs may be regarded as partly fixed and partly
variable. The previous 4 months costs compared with direct labour hours worked were as
follows:
Month
Depreciation per period
Head office charges
Direct Labour Hours
N
17,600
16,400
17,000
18,800
NI
10k
5% of direct labour
25k
13,200
12,600
12,900
13,800
Semi Variable Cost
You are required to:
(i)
Prepare the flexible budget for the department at 80%, 90%, 100% and 110% of the
budgeted level of output.
(ii)
Calculate the total overhead rate per direct labour hour that would absorb the budgeted
cost of the department. Divide the rate into its variable and fixed components.
(10 Marks)

Answers

Answer:

(i) To prepare the flexible budget for the department at different levels of output, we need to first calculate the total variable cost and the total fixed cost for the budgeted level of output of 18,000 direct labour hours.

Variable Cost:

Indirect Labour = N1,000 x 18,000 = N18,000,000

Consumable Supplies = N3,500 x 18,000 = N63,000,000

Holiday and Sick Pay = N2,000 x 18,000 = N36,000,000

Power = N6,000 x 18,000 = N108,000,000

Semi-Variable Cost:

Variable Cost = (N13,800 – N12,600) / (18,800 – 17,000) = N60 per direct labour hour

Fixed Cost = N12,600 – (17,000 x N60 / direct labour hour) = N3,600,000

Total Variable Cost = N225 per direct labour hour (N18,000,000 + N63,000,000 + N36,000,000 + N108,000,000 + (N60 x direct labour hours))

Total Fixed Cost = N3,600,000

Now, we can use these costs to prepare the flexible budget for different levels of output:

Flexible Budget for Department

[ Photo inserted ]

| Level of Output | Direct Labour Hours | Total Variable Cost | Total Fixed Cost | Total Cost |

|----------------|---------------------|---------------------|------------------|------------|

| 80%            | 14,400              | N1,800,000           | N3,600,000       | N5,400,000 |

| 90%            | 16,200              | N2,025,000           | N3,600,000       | N5,625,000 |

| 100%           | 18,000              | N2,250,000           | N3,600,000       | N5,850,000 |

| 110%           | 19,800              | N2,475,000           | N3,600,000       | N6,075,000 |

(ii) To calculate the total overhead rate per direct labour hour, we need to divide the total cost by the total direct labour hours. For the budgeted level of output of 18,000 direct labour hours:

Total Cost = N5,850,000

Total Direct Labour Hours = 18,000

Total Overhead Rate = N325 per direct labour hour (N5,850,000 / 18,000)

To divide the rate into its variable and fixed components, we need to subtract the fixed cost from the total overhead rate:

Variable Cost = N225 per direct labour hour (total variable cost / total direct labour hours)

Fixed Cost = N100 per direct labour hour (N325 - N225)

Explanation:

How do you know your Business is ready to partner with a Distributor?

Question 1 options:

You have the Sakes Staff to support it.


All of these Answers are right.


You have a strong Trucking and Delivery infastructure.


You have adequate Inventory Housing.

Answers

Answer:

All of these answers are right, but there are some additional factors that should also be considered when determining if your business is ready to partner with a distributor. Some of these factors include:

Product demand: Distributors are typically interested in partnering with businesses that have a proven track record of strong product demand. If your product is not yet well-established in the market, it may be more difficult to convince a distributor to partner with your business.Marketing and branding: If your business has a strong brand and marketing strategy, this can make it more attractive to potential distributors. Distributors want to partner with businesses that have a clear and compelling value proposition and a strong brand image.Financial stability: Distributors want to partner with businesses that are financially stable and have a strong track record of profitability. This can give them confidence that the partnership will be a mutually beneficial one.Scalability: Distributors want to partner with businesses that have the potential for growth and scalability. If your business has demonstrated that it can scale up production and increase sales, this can make it more attractive to potential distributors.Competitive advantage: Finally, distributors want to partner with businesses that have a competitive advantage in the market. This could be a unique product offering, a proprietary technology, or a strong distribution network. If your business has a strong competitive advantage, this can make it more attractive to potential distributors.

Henri, Jon, Camilla, and Olivia are working together to create a presentation for a virtual conference. What is the MOST logical and effective way to assign tasks to group members?

Each team member should draw their tasks randomly out of a hat.

Females should always work on text; males should work on visuals.

Delegate tasks based on each team member's strongest skillset.

Divide the deck so each person creates an equal number of slides.

Answers

The most effective way to ensure that the team works efficiently and produces a high-quality outcome.

The most logical and effective way to assign tasks to group members is to delegate tasks based on each team member's strongest skillset. This ensures that each person is assigned tasks that they are best suited to complete, and thus the team can work together more efficiently and produce a higher quality outcome.

It is important to consider each team member's strengths and weaknesses, and to allocate tasks accordingly.

Randomly drawing tasks out of a hat may not ensure that each team member is working to their strengths, and may result in some team members being assigned tasks that they are not particularly skilled at.

Assigning tasks based on gender is also discriminatory and not a fair or effective way to allocate work.

Dividing the deck equally may be a good way to ensure that each team member has an equal workload, but it does not necessarily take into account individual strengths and may result in some team members being overworked while others are underutilized.

Overall, assigning tasks based on each team member's strongest skillset is the most effective way to ensure that the team works efficiently and produces a high-quality outcome.

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Find an example, in the last ten years, of the Federal Reserve'suse of monetary policy. Be specific as to the actions. Was itsuccessful? Explain.

Answers

QE involved the Fed buying large amounts of government bonds and other securities in order to increase the money supply and stimulate lending and investment.

The Fed implemented three rounds of QE between 2008 and 2014, with the total amount of assets purchased reaching nearly $4.5 trillion. The policy was generally viewed as successful in stabilizing financial markets and spurring economic growth, although some critics raised concerns about the potential for inflation and the distortion of financial markets.

Overall, the Fed's use of monetary policy in the form of quantitative easing was largely successful in supporting the economy during a difficult period, although its long-term effects on inflation and financial markets remain somewhat uncertain.
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Explain the operations strategy development process. support your answer with relevant illustrations at each stage of the process.

Answers

The operations strategy development process involves a series of steps that a company goes through to develop a plan for how it will operate and achieve its objectives.

What is operations strategy development process?

Typical steps involved in the operations strategy development process can be seen in how to  Define the mission and objectives which is to define the mission and objectives of the company's operations. This includes understanding the overall mission and goals of the company and how the operations function can support these goals.

Conduct a SWOT analysis is part of it which involves assessing the company's strengths, weaknesses, opportunities, and threats. This analysis helps identify internal and external factors that may impact the operations strategy.

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.

YEAR CUSTOMERS FORECAST BUFFET SERVICE TIME
No OF DINING HALLS
* 3,345.00
* 3,955.00
* 3,657.00
* 4,367.00
* 5,990.00
* 5,233.00
* 6,555.00
* 6,499.00
* 7,429.00
*6,877.00

‘Emilolokan' restaurant runs a buffet service in one (1) dining hall and operates 40 hours a week, 52 weeks a year. How many dining hall does the restaurant need a year assuming it takes one hour to serve each customer?
Given the Formula y = 463.14X + 2774.1

REQUIRED: Calculate the following

a) Forecast demand for year 11 and 12

b) Calculate capacity requirements to meet the forecast

c) Measure current capacity

d) Decide if and how the capacity will be bridged in the future(could we get by with 2 dining halls?)​

Answers

The forecast demand for year 11 is 8218 customers.

The forecast demand for year 12 is 8681 customers.

How to calculate the value

For year 11:

X = 11

y = 463.14(11) + 2774.1

y = 8217.54

Therefore, the forecast demand for year 11 is 8218 customers.

For year 12:

X = 12

y = 463.14(12) + 2774.1

y = 8680.68

Therefore, the forecast demand for year 12 is 8681 customers.

b) Capacity requirements = forecast demand * service time

Capacity requirements for year 11 = 8218 customers * 1 hour = 8218 hours

Capacity requirements for year 12 = 8681 customers * 1 hour = 8681 hours

c) The current capacity is given as one (1) dining hall operating for 40 hours per week, 52 weeks per year:

Current capacity = 1 dining hall * 40 hours/week * 52 weeks/year = 2080 hours/year

d) In conclusion, the restaurant would need to expand its capacity by adding more dining halls to meet the forecast demand for year 11 and 12.

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Which defines education? (1 point)
O money obtained in return for labor or services.
O spending money with the expectation of achieving a profit or material result.
O development of skills and knowledge required for a particular job function or a trade.
O the process of receiving or giving systematic instruction, especially at a school or university.

Answers

The sentence that defines education is D. the process of receiving or giving systematic instruction, especially at a school or university.

What is education?

Education refers to the process of acquiring knowledge, skills, values, beliefs, and habits through various forms of learning, such as teaching, training, research, or practical experience. It involves the development of intellectual abilities, critical thinking, and problem-solving skills, as well as personal and social growth.

Education can take place in formal settings, such as schools, colleges, and universities, or in informal settings, such as through self-learning, reading, or apprenticeships. The primary goal of education is to equip individuals with the knowledge and skills necessary to lead a fulfilling and productive life, contribute to their communities, and participate in society as responsible and informed citizens.

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Personal Finance- Educational Investment Quick Check

1. Which defines education?

the process of receiving or giving systematic instruction, especially at a school or university.

2. Which defines training?

Development of skills and knowledge required for a particular job function or a trade.

3. Which defines earning?

money obtained in return for labor or services.

4. Which defines academic reputation?

the overall impression of excellence or quality of a school

5. Which describes selectivity?

the percentage of students who are admitted out of the number of students who applied

All of these answers are correct!

4/20/2023

Consider the following word problem. Imagine that Dr. White of the French department, Dr. Black of the English department, and Dr. Brown of the Economics department are talking. There is one woman among these three, and she does not have brown hair. During the conversation, The woman notes that "our names are White, Brown and Black and one of us has white hair, one has brown hair and one black." “That is true," replies the person with black hair, "and not one of us has hair that matches his or her name.” "You are so right!" says Dr. White.

Answers

From the word problem given, the woman is  Dr. Black, and her hair color is white. Dr. White has black hair, and Dr. Brown has brown hair.

What is the hair color of each person, and who is the woman?

This is a word problem which we can approach from a different perspective

Let's start by making a table with the information given:

             White Brown Black

Name White Brown Black

Gender   ?               ? ?

Hair        ?               ? ?

From the first sentence, we know that there is one woman among the three, so we can fill in the Gender row with:

               White Brown Black

Name White Brown Black

Gender F         ?         ?

Hair    ?        ?         ?

From the second sentence, we know that the woman does not have brown hair, so we can fill in the Hair row with:

               White Brown Black

Name White Brown Black

Gender F          ?          ?

Hair        B/W          ?          ?

The Hair row shows the possible hair colors for each person. B/W means that the person can have either black or white hair.

From the third sentence, we know that each person has a different hair color, so we can eliminate the possibility of all three having different hair colors. Therefore, two people must have one of the hair colors (either black or white), and the third person must have the other hair color.

Let's assume that Dr. White has white hair. Then, according to the second sentence, Dr. Brown must have black hair, and Dr. Black must have brown hair. But this contradicts the fourth sentence, which states that none of them have hair that matches their name.

So our assumption was incorrect. Let's assume that Dr. White has black hair. Then, Dr. Black must have white hair, and Dr. Brown must have brown hair. This satisfies all the conditions, and we have a unique solution.

Therefore, the woman is Dr. Black, and her hair color is white. Dr. White has black hair, and Dr. Brown has brown hair.

               White  Brown      Black

Name  White Brown Black

Gender    F        ?      F

Hair                B       B    W

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Sales-related transactions
After the amount due on a sale of $25,400, terms n/eom, is received from a customer, the seller consents to the return of the entire shipment for a cash refund. The cost of the merchandise returned is $15,240.

Answers

The seller would need to record a sales return and adjust their accounts receivable and revenue accordingly.

What else they would need to record?

They would also need to record a return of inventory and adjust their inventory and cost of goods sold accordingly. The journal entries to record these transactions would be:

To record the sales return:

Accounts Receivable 25,400

Sales Revenue 25,400

To record the return of inventory:

Inventory 15,240

Cost of Goods Sold 15,240

Overall, these transactions would result in a net loss of $10,160 ($25,400 - $15,240) for the seller.

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Which statement is the best example of a person's background that is helpful in a veterinary career?

A) Someone loves horses, has read many novels about horse racing, and once rode a horse on vacation.


B) Someone grew up on a working ranch, helping family members with the day-to-day care of animals.


C) Someone was raised near a zoo and visited it often during the summer and weekends.


D) Someone has researched to find the best locations for making money in a veterinary career.

Answers

Answer:

the correct option is B

Explanation:

the background of someones career could be anything. its all based off what you do starting your career.

For example. A career includes education, training, and work experience.

Not having a career means most of your jobs are in completely different areas.

Messing up your career

people mess up their career by doing things wrong like. stealing, disrespect Lacking with staying commited of doing somthing. and many more ways..

For example: People can be break the law so much to where they get themself into a bad situation where they have a Criminal Record Felonies often involve the bodily harm of another person. And then they end up messing up thier background so now. When they want to apply for things a lot of companies look at your background history, and deny your offer. People will not want to accept you with a background like that.Even if you are a changed person. people will still not want to trust you to work for them, or trust you to have what yo applied for.

Which of the following are the three fundamental aspects of business communications
defined in this training?
A. Content, Consistency, Conditions
B. Content, Channels, Conditions
C. Conditions, Listener/Receiver, Channels
D. Channels, Purpose, Timing

Answers

The three fundamental aspects of business communications defined in this training are: Content (the information being conveyed), Channels (the methods of communication), and Conditions (the context and environment in which communication occurs). Therefore, the correct answer is B.

What effect will a decrease in income levels have on international trade?(1×2)(2)

Answers

In summary, a decrease in income levels can lead to decreased demand for imported goods and the implementation of protectionist policies, both of which can have a negative impact on international trade.

Why is it?

A decrease in income levels can have a negative effect on international trade. Here's why:

Decreased demand: When income levels decrease, people tend to have less money to spend on goods and services. This can result in decreased demand for imported goods, as people are less likely to purchase goods from other countries. This can have a negative impact on international trade, as exports from other countries may decrease.

Protectionist policies: In some cases, countries may implement protectionist policies in response to a decrease in income levels. This may include imposing tariffs or trade barriers to protect domestic industries and jobs. This can reduce international trade by making it more difficult for foreign companies to do business in the country.

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MBA 6356
The Puzzle of Motivation
300-400 word submission. The submission needs to cover three specific areas.
1) Summarize content and material
2) Connect the video content to the rest of the specific week's class material
3) As an executive, how will you implement the information at a practical level (it's best to provide specific examples)

Answers

1. The video "The Puzzle of Motivation" by Dan Pink discusses the flaws of traditional reward-based motivation systems and introduces the concept of intrinsic motivation.

2. The video content is connected to the rest of the specific week's class material by highlighting the importance of employee engagement and motivation in the workplace.

3. As an executive, to implement the information practically, I would focus on creating a workplace culture that values autonomy, mastery, and purpose.

Pink argues that intrinsic motivation, which comes from a sense of autonomy, mastery, and purpose, is more effective in driving creativity and productivity than external rewards. It emphasizes the need for a shift from the traditional command-and-control management approach to a more autonomy-supportive leadership style, which aligns with the principles of transformational leadership discussed in class.

One way to do this would be to provide employees with opportunities for skill development and career advancement, which can increase their sense of mastery. Encouraging participation in decision-making processes and giving employees the freedom to work on projects that align with their personal goals can increase their sense of autonomy.

Finally, aligning the company's goals with a greater purpose beyond just profits can give employees a sense of purpose and meaning in their work. For example, a company could organize volunteer events or donate a portion of profits to a charitable cause. By implementing these strategies, I believe that employees will be more motivated and engaged, resulting in increased creativity and productivity.

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3. What is the most appropriate method to collect average number of cars using the new highway in a month time? (A) Observation (B) Telephone interview (C) Questionnaire (D) Experiment

Answers

The most appropriate method to collect the average number of cars using the new highway in a month time would be through observation. So, the answer is A.

What's observation of collection method?

This involves physically observing the highway and recording the number of cars passing through during a specific time period, such as a day or a week.

This method is reliable and accurate as it provides first-hand information without relying on people's opinions or memory. Telephone interviews and questionnaires may not be as accurate as people may provide estimates or guesses instead of actual data.

Experiments may not be suitable for this situation as it involves manipulating variables, which may not be possible or practical for collecting the average number of cars. Therefore, observation is the best method to collect reliable and accurate data for this scenario.

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Big City, Pennsylvania passed an ordinance that requires all carbonated beverages sold within city limits to come with a label that states: "Many carbonated drinks like this one contain dangerous levels of sugar without offering any recognizable health benefits." The Cool Cola Company would like to challenge this ordinance because it violates Cool Cola's right to free commercial speech. Which of the following legal standards would Big City NOT have to meet to defeat Cool Cola's claim?
a. Big City must tailor the regulation to fit whatever interest it has asserted in justifying the regulation.
b. Big City must demonstrate that the regulation does not unduly affect the sales of cool cola.
c. Big City must demonstrate that the regulation "directly advances" whatever interest it has asserted in justifying the regulation.
d. Big City must demonstrate a "substantial interest" in regulating the speech.

Answers

The legal standard that Big City would NOT have to meet to defeat Cool Cola's claim is b. Big City must demonstrate that the regulation does not unduly affect the sales of cool cola.

Is this statement relevant?

This standard is not relevant to determining whether the ordinance violates Cool Cola's right to free commercial speech.

The other three standards are relevant to determining the constitutionality of the ordinance under the First Amendment's protection of free speech.

Specifically, the government (in this case, Big City) must demonstrate that the regulation is narrowly tailored to achieve a substantial government interest (c), directly advances that interest (c), and serves a substantial interest (d) in order for the regulation to be constitutional under the First Amendment.

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Excise and Sales Tax Calculations
Clifford Company has just billed a customer for $1,100, an amount that includes a eight percent excise tax and a two percent state sales tax.


a. What amount of revenue is recorded?
b. Prepare a general journal entry to record the transaction on the books of Clifford Company.

Round all answers to the nearest dollar.

a. Amount of recorded revenue $Answer
990



b.

General Journal
Date Description Debit Credit
Dec.31 Answer
Accounts Receivable

Answer
1,100

Answer
0

Excise Tax Payable Answer
0

Answer
9

Sales Tax Payable Answer
0

Answer
0

Answer
Sales

Answer
0

Answer
990

To record sale on account subject to excise tax and sales tax.

Answers

A sales tax is a fee that is paid to the government when specified goods and services are sold. Typically, laws permit the vendor to charge the customer the tax at the time of purchase.

Use taxes are typically used to describe taxes on goods and services that consumers pay directly to a governing authority. The sale and use tax is frequently exempted for some goods and services, including food, education, and medical.

A sales tax is similar to a value-added tax (VAT) that is levied on products and services. Key distinctions can be found in the comparison with sales tax.

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NEED HELP ASAP
Cardinal Company is considering a five-year project that would require a $2,915,000 investment in equipment with a useful life of five years and no salvage value. The company’s discount rate is 16%. The project would provide net operating income in each of five years as follows:




Sales $ 2,863,000

Variable expenses 1,014,000

Contribution margin 1,849,000

Fixed expenses:

Advertising, salaries, and other fixed out-of-pocket costs $ 781,000

Depreciation 583,000

Total fixed expenses 1,364,000

Net operating income $ 485,000

14. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which actually turned out to be 45%. What was the project’s actual payback period? (Round your answer to 2 decimal places.)

Answers

If the discount rate increases, then net present value will decrease.

So, you would expect the project's net present value to be lower.

How to solve

Initial Investment = $2,915,000

Useful Life = 5 years

Annual Net Cash flows = Annual Net Operating Income + Depreciation

Annual Net Cash flows = $485,000 + $583,000

Annual Net Cash flows = $1,068,000

Answer 8.

Simple Rate of Return = Annual Net Income / Initial Investment

Simple Rate of Return = $485,000 / $2,915,000

Simple Rate of Return = 16.64%

Answer 5.

Present Value of Cash Inflows = $1,068,000 * PVA of $1 (16%, 5)

Present Value of Cash Inflows = $1,068,000 * 3.27429

Present Value of Cash Inflows = $3,496,941.72

Profitability Index = Present Value of Cash Inflows / Initial Investment

Profitability Index = $3,496,941.72 / $2,915,000

Profitability Index = 1.20

Answer 7.

Payback Period = Initial Investment / Annual Net Cash flows

Payback Period = $2,915,000 / $1,068,000

Payback Period = 2.73 years

Answer 9.

If the discount rate increases, then net present value will decrease.

So, you would expect the project's net present value to be lower.

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eld Corporation is constructing a plant for its own use. Weld capitalizes interest on an annual basis. The following expenditures are made during the current year: January 1, $36,000; July 1, $348,000; September 1, $960,000; and December 31, $2,532,000. The following debts were outstanding throughout the current year. Debt Amount Construction note, 12% $120,000 Short-term note payable, 15% 480,000 Accounts payable (noninterest-bearing) 480,000

Answers

Weld should capitalize $59,280 of interest for the current year.

How to calculate?

To calculate the amount of interest to be capitalized for the current year, we need to first determine the weighted average accumulated expenditures for the year. This is calculated by multiplying the amount of each expenditure by the fraction of the year it was outstanding, and then adding up these amounts.

Weighted average accumulated expenditures = [(36,000 x 12/12) + (348,000 x 6/12) + (960,000 x 4/12) + (2,532,000 x 1/12)]

= 36,000 + 174,000 + 320,000 + 211,000

= 741,000

Next, we need to determine the total interest incurred during the year.

Interest on construction note = 120,000 x 12% = 14,400

Interest on short-term note payable = 480,000 x 15% = 72,000

There is no interest incurred on accounts payable since it is noninterest-bearing.

Total interest incurred = 14,400 + 72,000 = 86,400

Finally, we can calculate the amount of interest to be capitalized for the year by multiplying the weighted average accumulated expenditures by the company's interest rate.

Interest to be capitalized = 741,000 x Weld's interest rate

= 741,000 x 8% (assuming that Weld's interest rate is 8%)

= 59,280

Therefore, Weld should capitalize $59,280 of interest for the current year.

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Generally. parametric estimating requires less information and time than analogous estimating. O True O False​

Answers

Answer:

Explanation:

Analogous estimating, also known as top-down estimating, involves using historical data from similar projects to estimate the cost or duration of a new project. This method requires less detailed information and can be done quickly, but it may not be as accurate as other methods.

On the other hand, parametric estimating involves using statistical data and mathematical models to estimate costs or other project parameters based on specific project characteristics, such as size, complexity, or other measurable factors. This method may require more information and time to develop the necessary models, but it can result in more accurate estimates.

Therefore, the statement "Parametric estimating requires less information and time than analogous estimating" is false.

When creating your Seller Profile, you want to list your top skills, professional experience, any notable clients, and [BLANK]
Choose only ONE best answer.

Answers

In one line answer would be any relevant education or certifications.

Why is it?

Including relevant education and certifications in your Seller Profile is important because it can help you establish your credibility and expertise in your field.

This information can provide potential clients with valuable insights into your qualifications, skills, and knowledge, which can increase their confidence in your ability to complete their project successfully.

Additionally, by highlighting your educational background and certifications, you can demonstrate your commitment to ongoing learning and professional development, which can help you stand out from other sellers who may not have pursued the same level of education or certification.

Overall, including this information in your Seller Profile can help you build trust and credibility with potential clients, which can lead to more job opportunities and success on the platform.

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Every business transaction affects at least two accounts. This keeps the accounting equation in balance. 1. The owner deposited $60,000 cash in the business bank account. 2. Wrote a check to pay the month's rent. 3. The owner invested a computer in the business. 4. Bought computer equipment on account. 5. Received a check from a customer for services. 6. The owner withdrew cash for personal use. 7. Sold one of the computers on account. 8. Paid cash for a microcomputer. What effects do the above transactions have on each of the accounts listed in the table. Use a "+" (plus sign) to indicate an increase, a "–" (minus sign) to indicate a decrease, or "0" (zero) to indicate no change in the account.

Answers

Cash in                  ACCTS                     Comp                 ACCTS       Capital

bank                    Receivable                  Equip                Payable  

1.          +                           0                         0                        0                     +

2.         -                            0                         0                         +                     0

3.         0                           0                          +                        0                     +

4.         0                           0                          +                         -                     0

5.         +                            -                          0                        0                     0

6.         -                            0                          0                        0                     -

7.        0                           +                           -                         0                     0  

8.          -                           0                          +                         0                    0    

Explanation:

1. cash in bank is debited and capital credited

2. cash in bank is credites and accounts payable credited

3. computer equipment is debited and capital credited

4. computer equipment debited and accounts payable credited

5. cash in bank debited and accounts receiveable credited

6. cash in bank is credited and capital is debited

7. accounts receivable is debited and capital is credited

8. cash in bank is credited and computer equipment debited

*** The main thing to keep in mind is debiting increase asset accounts but decreases liability and equity and crediting decreases asset accounts but increases liability and equity.

What you type text in a cell it is

Answers

The thing typed into a cell is called cell data.

What is cell data?

This can include any alphanumeric characters, including letters, numbers, and symbols, as well as spaces and special characters.

Cell data can be used for a variety of purposes, such as labeling data or providing context for numerical values. It can also be used in formulas and functions to perform calculations and analysis.

In addition to text, cell data can also include other types of data, such as dates, times, and numerical values. Depending on the formatting of the cell, the data may be displayed in a variety of ways, such as currency, percentages, or scientific notation.

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Question 14 4 pts According to the 1951 United Nations Convention Relating to the Status of Refugees all refugees are entitled to citizenship status in any given country. True False

Answers

The 1951 United Nations Convention Relating to the Status of Refugees does not grant automatic citizenship status to refugees in any given country. The given statement is False.

Rather, the convention defines who qualifies as a refugee, outlines their rights and protections, and establishes the legal obligations of countries to provide asylum and protection to refugees.

While some countries may grant citizenship to refugees through naturalization processes, this is not a requirement under the convention.

Additionally, some countries may have their own domestic laws and policies regarding granting citizenship to refugees, but this is not a universal standard set forth by the convention.

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People are often legally required to purchase home and auto insurance. Which BEST explains why this is the case?

A.
Most people have houses and cars.

B.
The government needs to prop up these industries.

C.
These are usually small investments for individuals.

D.
These kinds of investments pose a high risk for lenders.

Answers

People are often legally required to purchase home and auto insurance this can be explains  in the sense that D.These kinds of investments pose a high risk for lenders.

What is insurance ?

Insurance can be described as the term which explains the process that can be used to manage financial risks.

It should be noted that in the case whereby one get  insurance,  then one have purchase protection against unexpected financial losses howver in the absence of insurance and an accident happens,  one would responsible for all related costs.

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1) What are the basic revenue models for online content, and what is their major challenge?

Answers

In summary There are several basic revenue models for online content and the major challenge for online content revenue models is competition.

What are those models and challenge?

Advertising: This model generates revenue by displaying ads alongside online content. Advertisers pay for ad placements, and revenue is generated based on the number of clicks or views the ads receive.

Subscription: This model generates revenue by charging users a fee to access premium content. Users typically pay a monthly or annual fee to access the content, which is often exclusive or ad-free.

Freemium: This model generates revenue by offering basic content for free, while charging users for premium content or features. The basic content is used to attract users, and revenue is generated through the sale of premium content or features.

Pay-per-view: This model generates revenue by charging users to access specific content. Users pay a fee to access the content, which is typically a one-time charge.

Challenges: There are many websites and platforms offering online content, and users have many options to choose from. This means that it can be difficult for content providers to attract and retain users, and generate revenue.

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. The 2020 version of the NAIC's Suitability in Annuity Transactions added what standard of conduct to producer obligations when recommending or selling annuities?

Answers

The 2020 version of the NAIC's Suitability in Annuity Transactions added approved revisions to its Suitability in Annuity Transactions Model Regulation (#275).

According to the  revisions to Model #275 , All suggestions made by agents and insurers must be in the best interests of the customer, and neither agents nor carriers are allowed to put their own financial interests above that of the customer when making recommendations.

What is NAIC?

Insurance commissioners can efficiently oversee the business and safeguard customers with the help of the National Association of Insurance Commissioners (NAIC), which offers knowledge, statistics, and analysis.

What is the NAIC process?

The NAIC allows state insurance regulators to coordinate their regulatory supervision, create standards and best practises, and engage in peer review. The NAIC staff is in favour of these initiatives and represents the global and domestic perspectives of state regulators.

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Prepare a PowerPoint presentation illustrating on how to do business in Mexico. The presentation should include:

Understanding the business culture of the foreign country presented.
Clearly identifying key business practices of the foreign country presented.
Clearly explaining the practices of Introductions/Greeting/Handshaking.
Clearly explaining the practices of how to conduct a business meeting.
Clearly explaining the practices of how to eat during a meal.

Answers

Answer:  Slide 1: Introduction

Welcome to the presentation on doing business in Mexico

Outline the main topics that will be covered

Slide 2: Understanding the Business Culture of Mexico

Mexican business culture is based on personal relationships and trust

Mexicans prefer to do business with people they know and trust

Building personal relationships is essential for success in business

Slide 3: Key Business Practices in Mexico

Mexican business culture is characterized by a relaxed and informal approach

Punctuality is important, but it is acceptable to arrive a few minutes late

Business is often conducted over meals and social events

Slide 4: Introductions/Greetings/Handshaking in Mexico

Use formal titles and last names when addressing business partners

Handshakes are common and should be firm and accompanied by eye contact

Mexican business partners may greet each other with a hug or a kiss on the cheek

Slide 5: Conducting a Business Meeting in Mexico

Business meetings in Mexico may start with small talk to build relationships

Mexicans value personal connections and may take time to get to know their business partners

Meetings may be interrupted for phone calls or other business matters

Slide 6: Practices of How to Eat During a Meal in Mexico

Meals are an important part of Mexican business culture

Business meals may take place in restaurants or in someone's home

The person who invites pays for the meal

Table manners are similar to those in the US, but it is polite to wait for the host to start eating

Slide 7: Conclusion

Doing business in Mexico requires building personal relationships and trust

Punctuality and formalities are important, but flexibility and informality are also valued

Respect for Mexican culture and customs is essential for successful business relationships

Slide 8: References

List any sources used in the presentation                                                      Encourage questions and discussion.

Explanation:

You own the only pharmacy in the small town of Jackson City, which has 40,000 residents. You would like to get a sense of what the local demand is for seasonal allergy medicine so you can determine how many packages to keep in stock and what price to charge. You conduct a survey of four residents of Jackson City, asking them about the quantity of allergy medicine they would buy each allergy season at various prices. Their responses are shown in the accompanying table. Estimate and graph the demand for the entire town of Jackson City.

Price Lee June Carlotta Eric
$8 8 5 6 9
$10 6 4 5 5
$12 4 3 4 3
$14 2 2 2 1
$18 0 1 1 0

Answers

Based on the survey results, it can be estimated that the demand for seasonal allergy medicine for the entire town of Jackson City is as follows:

At a price of $8, the estimated demand is 28 packages; at a price of $10, the estimated demand is 20 packages; at a price of $12, the estimated demand is 15 packages; at a price of $14, the estimated demand is 9 packages; and at a price of $18, the estimated demand is 2 packages.

The graph of this demand would be a downward-sloping curve, with the x-axis representing the price of the allergy medicine and the y-axis representing the quantity of medicine demanded. As the price increases, the quantity demanded decreases. This is because as the price goes up, consumers are more likely to opt for cheaper alternatives, such as over-the-counter medication.

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Which example describes an employee who would find contract work an incentive to work for an employer?


someone looking for a job that lasts weeks to months and who also wants variety and change


someone looking for long term employment on the same project who values stability


someone who has small children and wants the flexibility of working from a home office


someone with financial obligations who needs to know her pay will be the same every week

Answers

Answer:

The correct answer is:

someone looking for a job that lasts weeks to months and who also wants variety and change

Contract work is often attractive to individuals who want variety and change in their work, and who are not necessarily looking for long-term employment on the same project. Contract work typically lasts for a specific period of time or until a specific project is completed, which can provide employees with the opportunity to work on different projects and gain new experiences and skills.

In contrast, someone looking for long-term employment on the same project who values stability may not find contract work to be a good fit. Contract work is often less stable than traditional employment, as there is no guarantee of ongoing work once the contract or project is complete.

Someone who has small children and wants the flexibility of working from a home office may also not find contract work to be a good fit, as contract work may not always offer the flexibility to work from home. Similarly, someone with financial obligations who needs to know her pay will be the same every week may not find contract work to be a good fit, as contract work often involves variable pay based on the specific project or contract.

A company sells its goods which it purchases #50 each. The containers are charged out to Customers at #60 each but the customers are credited with #40 each if the containers are returned within Three Months. All containers are #120 each for statement of financial position purposes 50% As at 1st January 2022, the opening inventories were: In the warehouse 2,000 containers With customers 4200 Containers During the year ended 31 December 2022, 3,000 containers were purchased 6,400 were sent to customers, 4,600 were returned 60 were destroyed in the warehouse and 100 were sold as scrap for #2,000. At 31 December 2022, there were 3,800 containers (All returnable) in the hands of customers You are required to: retained by Customers i) Determine the Quantity of Containers II) Determine the Quantity of containers in the warehouse at the end of the year.​

Answers

The quantity of containers in the warehouse at the end of the year is 3,108, and the company has 3,800 containers retained by customers.

How did we get the values?

To determine the quantity of containers, we need to keep track of the purchases, sales, returns, and losses during the year:

Starting inventory:

In the warehouse: 2,000 containers

With customers: 4,200 containers

Purchases during the year: 3,000 containers

Containers sent to customers: 6,400 containers

Charged at #60 each, revenue = 6,400 x #60 = #384,000

Containers returned by customers: 4,600 containers

Credited at #40 each, cost of sales = 4,600 x #50 = #230,000

Containers destroyed in the warehouse: 60 containers

Cost of sales = 60 x #50 = #3,000

Containers sold as scrap: 100 containers

Revenue = #2,000

Ending inventory:

With customers: 3,800 containers

In the warehouse:

To determine the quantity of containers in the warehouse at the end of the year, we need to use the cost of sales method. This assumes that the first units purchased are the first units sold or returned, and the last units purchased are the last units remaining in inventory. We can calculate the cost of sales as follows:

Cost of goods available for sale:

Starting inventory: 2,000 + 4,200 = 6,200 containers

Purchases during the year: 3,000 containers

Total: 9,200 containers

Cost: 9,200 x #50 = #460,000

Cost of goods sold:

Containers sent to customers: 6,400 containers

Containers returned by customers: -4,600 containers

Containers destroyed in the warehouse: -60 containers

Total: 1,740 containers

Cost: 1,740 x #50 = #87,000

Ending inventory:

Cost of goods available for sale: #460,000

Cost of goods sold: #87,000

Ending inventory: #373,000

Ending inventory per unit: #373,000 / 3,800 = #98.16 per container

Therefore, the quantity of containers in the warehouse at the end of the year is:

of containers = Cost of inventory / Cost per container

= #373,000 / #120

= 3,108.33

= 3,108 containers (rounded down to the nearest whole number)

To summarize, the quantity of containers for the company can be determined as follows:

Starting inventory:

In the warehouse: 2,000 containers

With customers: 4,200 containers

Purchases during the year: 3,000 containers

Containers sent to customers: 6,400 containers

Charged at #60 each, revenue = 6,400 x #60 = #384,000

Containers returned by customers: 4,600 containers

Credited at #40 each, cost of sales = 4,600 x #50 = #230,000

Containers destroyed in the warehouse: 60 containers

Cost of sales = 60 x #50 = #3,000

Containers sold as scrap: 100 containers

Revenue = #2,000

Ending inventory:

With customers: 3,800 containers

In the warehouse: 3,108 containers

To summarize the financial impact of these transactions:

Revenue from containers sent to customers: #384,000

Revenue from containers sold as scrap: #2,000

Cost of sales from containers returned and destroyed: #233,000

Gross profit: Revenue - Cost of sales = #153,000

The quantity of containers in the warehouse at the end of the year is 3,108, and the company has 3,800 containers retained by customers.

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