If Milo tries to sue Jess for breach of contract, the court will probably decide: that the parties had a contract, but the damages could not be ascertained because the hourly rate and number of hours had not been determined.
This is further explained below.
What is a sue?Generally, to pursue (someone) via the legal system in order to get justice or a right, more specifically: to file a lawsuit against someone.
You have the ability to seek justice for any losses or harm, whether physical or mental, that you may have experienced as a result of the activities of the other entity by initiating a lawsuit against that entity.
You, as the individual who is bringing the claim, will be referred to as the plaintiff, while the entity that you have initiated the action against will be referred to as the defendant.
In conclusion, The court will presumably rule that the parties had a contract, but that the damages could not be calculated since the hourly rate and the total number of hours had not been established, if Milo seeks to sue Jess for breach of contract.
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CQ
Milo is the owner of a sporting goods store that has only been open for three months. The holiday season is coming up, and Milo realizes that he will need extra help. Milo asks his friend Jess to help him out at the store. Milo and Jess agree that Jess will work during the months of November and December. However, because Milo is unsure how much help he will need and how much he will be able to pay, they agree to decide each week on the hours that Jess will work for the following week, and to decide the hourly rate after Jess has worked two weeks before she receives her first paycheck. Just before November 1, Jess takes a job at another store. If Milo tries to sue Jess for breach of contract, the court will probably decide:
A. that the parties had a contract, and Jess breached the contract.
B. that the parties had a contract, but the damages could not be ascertained because the hourly rate and number of hours had not been determined.
C. that the parties had no contract because the terms of the offer were not definite.
D. that the parties had no contract because the terms were not in writing.
Sven, a research analyst for ikea, wants to segment the home furnishings market in europe based on differences in core benefits customers seek, usage situations, brand loyalty, usage rates, and price sensitivity. Which segmentation approach would sven use?.
The segmentation approach used by Sven is needs-based segmentation strategy.
The best marketing of some product or services begins with a focus on segmentation. Different groups of customers have different needs and therefore the company or sales need to be targeted with a specific marketing plan. So that, segmentation is a vital component of any successful marketing strategy.
Segmentation can be approached in three main ways, there are firmographic, behavioral, and needs-based segmentation strategy.
Firmographic segmentation can be defined as a grouping customers by aspects such as age, gender, company size, industry vertical, income and location.
Behavioral segmentation can be defined as a strategy that takes things up a notch, identifying how customers act and grouping them this way.
Thirdly, a needs-based approach can be defined as the best and most effective way of segmenting customers that identify specific customer needs, allowing products and services, and also marketing communications.
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if we were to change the interpretation of the term "loanable funds" in such a way that government budget deficits would affect the demand for loanable funds, rather than the supply of loanable funds, then
Then we would be making only a semantic change in how we analyze the effects of government budget deficits.
A government budget is a document prepared by a government and/or other political body that outlines the expected tax revenues and proposed spending/expenditures for the next financial year. In most parliamentary systems, budgets are submitted to parliament and often require parliamentary approval.
The amount of taxpayer's disposable income depends on the tax rate indicated in the budget. Government spending in various areas such as defense, administration, infrastructure, education, and health affects the lives of citizens and the economy as a whole.
There are three types of estimated annual government budgets: surplus budget, balanced budget and deficit budget.
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Which of the following is an example of an equity investment?
A.
A loan
B.
A company bond
C.
A government bond
D.
A company's stock
An example of an equity investment is D. A company's stock.
What is equity investment?Equity investments come through the purchase of shares in a company's stock. The stock may be preferred stock or common stock, and they confer ownership interests on the equity holders.
A corporate loan or bond does not confer equity ownership on the investor. Such an investor remains a creditor (short-term or long-term).
Similarly, a government bond is not an equity investment in the government because all citizens are stakeholders. An investor who purchases government bonds is a creditor to the issuing government.
Creditors do not receive dividends, unlike equity investors. They receive fixed interests, which must be paid, whether profits are generated or not.
Thus, among the list, the only example of equity investment is Option D.
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namrata is surprised that lawrence is the manager of the customer acquisition area. he is known for being insensitive to other employees and refuses to accept any changes instituted by the board of directors. lawrence's behavior could be described as .
lawrence's behavior could be described as Dysfunctional.
The required details about insensitive from the below paragraph.
When someone is insensitive, what does that mean?
1: lacking emotion; unresponsive He has no feeling of pain. 2: making an offensive comment or not caring about the issues or feelings of others.
How do you handle an inconsiderate person?
Establish sound limits in your interactions and relationships with others.
Even if they are unable to do so, try to change your perspective in order to understand where the other person is coming from.
To defuse a situation, utilize comedy.
Sometimes choosing to ignore what other people say is a wise course of action.
What makes someone insensitive, exactly?
NOT ENOUGH SELF-ESTEEM
People that are insensitive may be battling insecurity issues, which causes them to naturally want to belittle others.
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the north american industry classification system (naics) designates industries with a numerical code in a defined structure. a six-digit coding system is used. the first two digits designate
The north American industry classification system designates industries with a numerical code in a defined structure. a six-digit coding system is used. the first two digits designate an industry subsector
The industry refers to a more specific group of companies or businesses, while the term sector describes a large part of the economy. The terms industry and sector are often used interchangeably to describe groups of companies operating in the same segment of the economy or doing similar types of business.
In the three-sector model of economics, he divides the economy into three sectors of activity. A service industry that exists to facilitate the transportation, distribution, and sale of goods consumed by the extractives (primary), manufacturing (secondary), and secondary sectors. produced (tertiary).
An industry is a group of companies related to a primary activity, such as manufacturing automobiles or selling food. Smaller industries (such as automotive) can be grouped into larger industry sectors (such as manufacturing in general).
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which retail executive supervises a group of buyers and is responsible for the merchandising activities of a related group of sales departments or divisions?
The retail executive who oversees a group of buyers and is responsible for the trading activities of the relevant sales department or division group is the General Merchandise Manager (GMM).
Retail is a commercial activity that involves selling goods or offering services directly to final consumers. Goods purchased from retail businesses will be used by consumers for personal consumption or for family and household purposes, not for resale.
Also known as retail business, retail acts as a marketing intermediary that connects major producers or large wholesalers with consumers who buy in small quantities or in units. After purchasing a number of goods from a larger group of businesses, the retailer or retailer will resell the goods by setting a certain additional price to make a profit.
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Is the sentence “It doesn’t matter if people come to work on time.” true or false?
Answer:false
Explanation:
nicholai is the director of human resources for a small film production firm. he has a strong personal interest in technology and is known throughout the firm as the one with the most knowledge about new kinds of audio equipment. if the firm decides to upgrade its audio equipment, nicholai will probably function in what role in the firm's buying center?
When a firm decides to upgrade its audio-expansion equipment, the function or the role that is played by the director will be the influencer when it is about the forms buying center.
Who is called an influencer?An influencer is a person who has such a personality or presentation that other people are easily convinced with the point of view of the person who is going to present it.
An influencer is the person who is responsible for growing the company to the point where other companies are jealous and want to reach that level. An influencer is also a public figure.
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collecting information from secondary sources such as business, government, trade, and general-interest publications plays an important role in a. environmental scanning. b. environmental monitoring. c. competitive analysis. d. environmental analysis. e. competitive forces.
Collecting information from secondary sources such as business, government, trade, and general-interest publications plays an important role in a. environmental scanning.
What is environmental scanning?Environmental scanning can be defined as the process of acquiring relevant data or information that enables an organization to function properly.
Most companies or organization tend to make use of environmental scanning as this will enables them to know the factors that can have both positive and negative impact on their business.
Therefore Collecting information from secondary sources such as business, government, trade, and general-interest publications plays an important role in a. environmental scanning.
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a research employee at the european metabolic diseases group would have a boss at the company's european research department and a boss at the company's european metabolic diseases product group. this would be in violation of:
If a research employee would have a boss at the company's European research department and a boss at the company's European metabolic diseases product group it would be in violation of unity of command.
Unity of Command can be defined as an operational-level, turn-based strategy wargame. The Unity of Command has a principle states that employees should receive orders and instructions from one boss only. The employee will get confused to whose command should he follow if two (or more) superiors command a worker at the same time.
Unity of Command make a better relationship among superior and subordinates and clear and well-organized Authority, Accountability, and Responsibility.
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A public relations department responds to negative events by
A. using spin to control damage. CORRECT ANSWER
B. lying to the general public.
C. creating competitive ticket packages.
D. developing special events to the public.
An organization's negative events can be responded to by the public relations department using spin to control damage. Option A is correct.
What is the role of the public relations department?The main function is to develop strategies and actions that help an organization to communicate with its stakeholders in a positive way, favoring the creation of relationships that can be converted into business.
Public relations professionals are able to favorably influence the opinions and perceptions of customers, suppliers and investors.
Therefore, the public relations department is also responsible for dealing with adverse situations, looking for ways to control and circumvent the situation so that the company maintains a positive and valuable image with its target audience.
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the payments on an amortized loan contain both interest and principal. in the event that an amortized loan is to be repaid using more-frequent-than-annual payments, the calculation of the payment (pmt) for an amortized loan requires the adjustment of both the interest rate and the number of time periods in the annuity formula.
The payments on an amortized loan do contain both interest and principal.
An amortized loan has payments that include both interest and principal. The computation of the payment for an amortized loan needs the adjustment of both the interest rate and the number of time periods in the annuity formula if a loan is to be repaid using more frequent than annual instalments.
Amortization is the process of paying off debt throughout the course of the loan in equal payments that include changing amounts of interest and principal. A predetermined table called an amortization schedule outlines how much of your monthly payment will be allocated to interest and principal over the course of the loan's whole duration.
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closing journal entries are recorded . multiple choice question. after the post-closing trial balance is prepared before the unadjusted trial balance is prepared after the financial statements have been prepared before the adjusted trial balance is prepared
The purpose of closing entries is to close all temporary accounts and adjust the balances of real accounts such as owner’s capital. Like all of your trial balances, the post-closing balance of debits and credits must match.
In economics, capital items or capital are "the ones long-lasting produced items which might be in flip used as effective inputs for in addition production" of products and offerings. On the macroeconomic stage, "the kingdom's capital inventory includes homes, system, software program, and inventories during a given yr." a typical example is a machinery used in factories. Capital can be multiplied by using the elements of manufacturing, which excludes positive long-lasting goods like houses and personal cars that aren't used within the production of saleable items and offerings.
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The decentralized public ledgering system called ________ is used to record and manage transactions in traditional sectors like shipping, real estate, voting, and stock trading.
The decentralized public ledger system called Blockchain is used to record and manage transactions in traditional sectors like shipping, real estate, voting, and stock trading.
What is the decentralized system?Decentralization is the process of transferring authority and responsibility from a centralized organization to a decentralized system. Greater and more equitable service can be offered by delegating the administration of resources available in an application.
A distributed ledger called a blockchain allows payments to be confirmed without the need for a national automated clearing house. This type of data storage makes automatic updates, attacks, and deception extremely difficult.
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consumerism is a. the efforts of independent individuals, groups, and organizations to protect the rights of consumers. b. the right to be informed. c. president john f. kennedy's consumer bill of rights. d. marketers' efforts to contribute to the satisfaction and growth of the communities in which they operate. e. the specific development, pricing, promotion, and distribution of products that do not harm the environment.
Consumerism is a. the efforts of independent individuals, groups, and organizations to protect the rights of consumers.
In the field of economics, consumerism can be described as such actions by which the buyers of products and goods are benefitted. Consumerism is the actions that consumers take in order to protect and demand for their rights.
Consumerism is the efforts that can be made by a single person, a group, or people or organizations for making consumer-orientated services and products. Thu consumers promote and ask for their rights through the process of consumerism.
The consumers have a viewpoint that due to their buying of products, the businesses are able to expand hence their rights should be met and protected.
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what do you see as the strongest moral consideration in favor of capitalism? what do you see as the strongest objection to it? how capitalist is our economic system today? what do you see as the major economic challenges facing our society today and, in particular, your generation?
Capitalism promotes the freedom to choose. It promotes the ability for people to choose what they want to buy, how much they want to spend, where they want to live, where they want to work, and so on.
What exactly is capitalism?Capitalism is commonly thought of as an economic system in which private actors own and control property based on their interests, and demand and supply freely set market prices in a way that benefits society.
Because it protects a man's primary means of survival and success, capitalism is the only moral social system.
Many distinguishing characteristics of capitalism include a two-class system, private ownership, a profit motive, minimal government intervention, and competition.
THE TRUTH: Capitalism is the world's most humane economic system, promoting democratic values of a free and open society such as hard work, cooperation, generosity, charity, and adherence to the rule of law.
Hence, Capitalism promotes freedom of choice. It promotes the ability for people to choose what they want to buy, how much they want to spend, where they want to live, where they want to work, and so on.
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The strongest moral consideration in favor of capitalism is freedom to make choice, the strongest objection is exploitation.
What is capitalism advantages and disadvantages?Economic freedom, consumer choice, and economic progress are all benefits of capitalism. Buyers (people) and sellers make up the market-based economy in which we live (private or corporate-owned companies).The purpose of producing goods and services is to turn a profit, which is then put back into the economy.The free market should be left to choose investments, production, distribution, and decisions; government intervention is only permitted when establishing and enforcing laws or policies that regulate company behaviour.A capitalistic economy requires constant production and consumption to function properly.Capitalists contend that the government does not utilize resources as effectively as the private sector.The majority of the modern world, including the United States, is regarded as having a capitalist economy, but economists are quick to point out that practically every civilization includes some form of socialism.Possibility of a monopoly - Companies having monopolistic power (occurs when one person or company is the sole supplier of a given good) may abuse their position by imposing higher pricing.Inequality - The foundation of a capitalist society is the ability to transfer wealth to succeeding generations. Inequality and social division result if a small number of people control all the wealth, and that wealth is then passed down to the same groups of people.Unemployment and recession - An economy built on a market of consumers and producers will always suffer expansion and contraction.
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old economy traders opened an account to short-sell 1,000 shares of internet dreams at $60 per share. the initial margin requirement was 50%. (the margin account pays no interest.) a year later, the price of internet dreams has risen from $60 to $69.50, and the stock has paid a dividend of $7.80 per share.
The remaining margin is $12700.
What is remaining margin?The amount of collateral that you continue to hold in your brokerage account above the minimum margin requirement is known as remaining margin. Subtract the margin requirement from the value of the collateral to arrive at the figure.The account's total equity, which includes both cash and the value of any securities, is computed by deducting the borrowed amount. This yields the minimal margin amount.Investors are forced to make additional cash or security deposits to satisfy the loan terms when the value of a margin account falls below the broker's minimum amount.Required initial margin (RIM) = S x P x I
= 1000 x 60 x 0.50
= $30000
Total stock price (ISP) = (NP-P) x S
= (69.50-60) x 1000
= $9500
Total dividend payment (TDP) = D x N
= 7.80 x 1000
= $7800
Remaining margin (RM) = RIM - ISP - TDP
= 30000 - 9500 - 7800
= $12700
Hence, the remaining margin is $12700.
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The complete question is:
Old Economy Traders opened an account to short-sell 1,000 shares of Internet Dreams at $60 per share. The initial margin requirement was 50% (The margin account pays no interest). A year later, the price of Internet Dreams has risen from $60 to $69.50, and the stock has paid a dividend of $7.80 per share.
What is the remaining margin in the account?
Rental cost for offices spaces have been going up at 6. 2% per year compounded annually for the past 5 years. If office space rent is now at a rate of $32 per square foot per month, what were the rental rates 5 years ago?.
The rental rates were $23.70 per square foot per month five years ago if the rental costs have been going up at 6.2% per year compounded annually.
The rental rates 5 years ago can be determined using the formula for compound interest as follows;
A = P (1 + r/n)^nt
Here A represents the final amount, P represents the initial balance, r represents the interest rate, n represents the number of times the interest was applied per time period, and t in this formula represents the number of time periods elapsed.
32 = P (1 + 0.062)^5
P = 32 / (1.062)^5
P = 23.70
Hence the rental rate was calculated to be $23.70 five years ago if the space rent is now at a rate of 32$ per square foot per month.
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in the context of the supply chain for a product, vendor-managed inventory is a strategy that allows suppliers to determine buyer needs and automatically ship product.
Vendor-managed inventory is a strategy that allows suppliers to determine buyer needs and automatically ship product, so the statement above is true.
Vendor-managed inventory can be defined as an inventory management practice in which a supplier of goods, usually the manufacturer, is responsible for optimizing the inventory held by a distributor. The function of Vendor Managed Inventory is to provide a mutually beneficial relationship where both sides will be able to more smoothly and flow of goods and accurately control the availability.
Vendor managed inventory can be divided into two classes, such as:
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If i pay off my entire credit card bill before this date, i do not have to pay interest on the money i have borrowed on my credit card. What is this called?.
It is called a grace period, If you pay off your entire credit card bill before this date, you do not have to pay interest on the money you have borrowed on your credit card.
Credit card interest is an additional charge you pay once you carry a credit card balance. Think of it as a charge you pay to a lender for permitting you to borrow money. Credit card interest matters since this included cost make everything you purchase with a card more costly. The higher your credit card’s APR, and the less you pay toward your adjustment each month, the more credit card intrigues you ultimately pay. Interest as it were kicks in after you don’t pay your explanation and adjust in full by your due date. After each charging cycle, you’ll get an articulation that tells you precisely how much you owe. At that point, your buys are still interest-free. But on the off chance that you don’t pay that sum in full by the due date on your explanation, the unpaid adjustment carries over to another charging cycle, getting to be a spinning adjustment. At that point intrigued is connected to your purchases. Most credit cards offer a grace period that starts on the final day of your charging cycle and closes on your installment due date. On the off chance that you pay off your explanation adjust some time recently your elegance period closes, you won’t be charged intrigued on those buys. Most credit cards permit you to set up auto-pay so simply never miss a payment.
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the manager of smith, schroeder, and torn is attempting to understand the root causes of complaints. he has compiled the following list of issues that occurred during problem deliveries: truck broke down, ran out of packing boxes, multiple deliveries in one day caused truck to be late, no furniture pads, employee dropped several items, driver got lost on route to address, ramp into truck was bent, no packing tape, new employee doesn't know how to pack, moving dolly has broken wheel, employee late to work.
Cause-and-effect diagram is:
No furniture pads
Moving dolly broken
Poor training/packing
Employee late to work
What is Cause-and-effect diagram?A cause-effect diagram is a visual tool for logically organizing potential causes for a specific problem or effect by graphically displaying them in increasing detail, implying causal relationships among theories. A popular type is known as a fishbone or Ishikawa diagram. A Cause and Effect Diagram (also known as a Fishbone Diagram or Ishikawa Diagram) is a pictorial representation of a list in which you identify and organize potential causes of problems or factors required to ensure the success of an effort. There are three types of CE Diagrams. The basic type described above is known as Dispersion analysis. The other two types are Production process classification and Cause enumeration.The complete question is:
The manager of Smith, Schroeder, and Torn is attempting to understand the root causes of complaints. He has compiled the following list of issues that occurred during problem deliveries:
truck broke down, ran out of packing boxes, multiple deliveries in one day caused truck to be late, no furniture pads, employee dropped several items, driver got lost on route to address, ramp into truck was bent, no packing tape, new employee doesn't know how to pack, moving dolly has broken wheel, employee late to work.
Organize these causes into a cause-and-effect diagram. Complete the following diagram.
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chitter-chatter sells phones and has set a target profit of $975,000. the contribution margin ratio is 65%, and fixed costs are $195,000. sales dollars needed to earn the target profit total blank .
The sales dollars needed to earn the target profit total is $1,800,000.
This is further explained below.
What is profit?Generally, Profit is the financial advantage achieved when revenue produced from a commercial activity is greater than the expenditures, costs, and taxes involved in maintaining the activity in question.
Profit may be defined as the difference between revenue and expenses, costs and taxes.
Accounting profit, also known as bookkeeping profit or financial profit, is the net income produced after deducting all dollar expenses from total revenue. Other names for accounting profit are financial profit and bookkeeping profit.
In conclusion,
[tex]=\frac{(975,000 + 195,000)}{0 .65}[/tex]
= 1,800,000
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Mylie's total utility from singing the same song over and over is 50 utils after one repetition, 90 utils after two repetitions, 120 utils after
three repetitions, 140 utils after four repetitions, 100 utils after five repetitions, and 40 utils after six repetitions, as shown in the table
below.
a. Write down her marginal utility for each repetition.
Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in
front of those numbers.
Repetitions
0
1
2
3
4
5
6
Total Utility
0
50
90
120
140
100
40
Marginal Utility
-
b. Once Mylie's total utility begins to decrease, does each additional singing of the song hurt more than the previous song or less than
the previous song?
More than the previous song
Less than the previous song
A). # of Repetitions Total Utility Marginal Utility
0 0 0
1 50 50
2 90 40
3 120 30
4 140 20
5 100 -40
6 40 -60
B). Once Mylie's total utility begins to decrease, then each additional song hurts more than the previous one because she is becoming worse in terms of utility.
What is the marginal utility?Marginal utility refers to the level of satisfaction or benefit that is derived by consuming a product.
The marginal utility of a good or service express how much satisfaction is obtained by the consumers as a result of the increase or decrease in consumption by one unit.
The formula for calculating the marginal utility is:- Marginal utility = total utility difference / quantity of goods difference.
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if we start with all of the income of a firm and subtract out all of the expenses associated with its operations – including costs associated with obtaining or making goods and services – then what's left is...
If we start with all of a company's revenues and subtract all the costs associated with its operations – including costs associated with acquiring or producing goods and services – then what remains is Operating income.
Operating income is the amount of profit remaining by the company after deducting direct and indirect operating costs from sales revenue. Operating income is wages, depreciation and cost of goods sold including rent, marketing, equipment, payroll, supplies and other items you may need to run your business.
It is important to note that operating income does not include items such as other income, non-operating expenses and non-operating income. Operating income differs from net income and gross income in that operating income accounts for more expense line items than gross income and less expenses than net income.
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If a bank has $100,000 of checkable deposits, a required reserve ratio of 20 percent, and it holds $40,000 in reserves, then the maximum deposit outflow it can sustain without altering its balance sheet is.
The greatest deposit outflow that a bank may withstand without changing its balance sheet is $25,000 if it has $100,000 in checkable deposits, a required reserve ratio of 20%, and $40,000 in reserves.
Money kept in a bank is referred to in the financial lexicon as a deposit. A deposit is a transaction in which money is transferred to a different party for safekeeping. Yet another definition of a deposit is a sum of money used as security or collateral for the delivery of a good. Your money is protected when you put it in a bank. The bank guarantees to reimburse you for this money as soon as you request it. An organization's assets, liabilities, and owner equity are listed on a balance sheet as of any given date. A balance sheet is usually created at the conclusion of predetermined periods (e.g., every quarter; annually). Two columns make up a balance sheet. The company's assets are listed in the left-hand column.
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an introduction or overview of event management systems and the potential security and privacy concerns which could arise when implementing this technology.
The collection and analysis of security events, as well as a wide range of other event and contextual data sources, are supported by security information and event management (SIEM) technologies.
The required details for security information and event management (SIEM) in given paragraph
A subfield of computer security called security information and event management (SIEM) combines security information management (SIM) with security event management through software products and services (SEM). They offer in-the-moment analysis of security alarms produced by software and network hardware.
In addition to being used to log security data and produce reports for compliance needs, vendors sell SIEM as software, hardware, or managed services. In 2005, Mark Nicolett and Amrit Williams of Gartner came up with the name and initials SIEM.
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Cameron brought a set of 7 classic paperbacks to a secondhand store to sell. he was paid cash for the entire set. before he left, cameron used $4 of his earnings to purchase a used book light. he had $6.50 remaining. what was the value of each paperback in the set?
Answer: The equation used to solve this problem is 7x - 4 = 6.50 and the value of each paperback in the set is $1.5
What is an equation?
An equation is an expression that shows the relationship between two or more numbers and variables.
Let x represent the value of each paperback in the set. Hence:
7x - 4 = 6.50
x = $1.5
The equation used to solve this problem is 7x - 4 = 6.50 and the value of each paperback in the set is $1.5
a casino game costs $5 to play. if you draw first a red card, then you get to draw a second card. if the second card is the ace of hearts, you win $500. if not, you don't win anything, i.e. lose your $5. what is your expected profits (or losses) from playing this game? remember: profit (or loss)
The expected loss from playing the casino game is $-0.28
What is the expected loss?The first step is to determine the probability of picking a red card and then a ace of hearts.
Probability of picking a red card and ace of hearts = probability of picking a red card x probability of picking an ace of heart
Probability of picking a red card = number of red cards / total number of cards in a deck of cards = 25 / 52
Probability of picking an ace of heart = number of ace of hearts / total number of cards in a deck of cards = 1/52
Probability of picking a red card and ace of hearts = 26/52 x 1/51 = 0.00943
Profit = $500 - $5 = $495
Probability of winning = 0.00943 x $495 = $4.67
Loss = 0 - $5 = $-5
Probability of losing = (1 - 0.00962) x -5 = -4.95
Expected value = $4.67 - $4.95 = -0.28
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santana corporation manufactures snowmobiles in its blue mountain, wisconsin, plant. the following costs are budgeted for the first quarter’s operations.
The classification of the budgeted costs into their activity cost pools is as follows:
EngineeringEngineering design $140,000
Engineering prototypes $60,000
MachineryInsurance, plant $110,000
Depreciation, machinery $520,000
Oil, heating $19,000
Depreciation, plant $210,000
Machine setupMachine setup, indirect materials $$4,000
Machine setup, indirect labor $20,000
Quality controlInspections $16,000
Tests $4,000
Factory utilitiesElectricity, plant lighting $21,000
Property taxes $29,000
Electricity, machinery $36,000
MaintenanceMachine maintenance wages $19,000
What are activity cost pools?Activity cost pools are the major classifications of production activity costs into their cost drivers to make it easier to estimate costs according to the activity that consumed them.
The use of activity cost pools enables activity-based costing to be implemented.
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Question Completion:Machine setup, indirect materials $$4,000
Inspections $16,000
Tests $4,000
Insurance, plant $110,000
Engineering design $140,000
Depreciation, machinery $520,000
Machine setup, indirect labor $20,000
Property taxes $29,000
Oil, heating $19,000
Electricity, plant lighting $21,000
Engineering prototypes $60,000
Depreciation, plant $210,000
Electricity, machinery $36,000
Machine maintenance wages $19,000
Classify the above costs of Santana Corporation into activity cost pools using the following: engineering, machinery, machine setup, quality control, factory utilities, and maintenance.
We use _______ to talk about the price and quantity of a single good or service produced in a specific market. We use _______ to describe the overall, or total, demand for all final goods and services produced in an economy.
Demand is used to talk about the price and quantity of a single good or service produced in a specific market and GDP (Gross domestic product ) is used to describe the overall, or total, demand for all final goods and services produced in an economy.
Demand is the number of consumers who are willing and able to buy products at various prices during a given period. Demand for any commodity implies the consumers' desire to acquire the good, the willingness and ability to pay for it, and Gross domestic product (GDP) is the monetary value of all the goods and services that any country produces within a certain period minus, the goods and services are also used up in production.
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