Answer: Shift the demand for gasoline right
Explanation:
If it is announced that there'll be an increase in the prices of gasoline starting from the following month, this will bring about a situation whereby people will start rushing to buy gasoline before the following month when there will be an increase in its price.
In such case, there'll be a shift in the demand for gasoline to the right as there'll be an increase in the demand for gasoline.
To maximize market share, a firm may use _____________ pricing, which is based on the theory that as sales volume increases, unit costs will decrease.
A. Market-penetration
B. Market-skimming
C. Value pricing
D. Demand pricing
To maximize market share, a firm may use market penetration pricing, which is based on the theory that as sales volume increases, unit costs will decrease. Therefore, the option A holds true.
The practice of penetration pricing is an intelligent pricing strategy granted by the firm in order to gain a larger share in the market by offering the goods and services at lower prices, wherein the sales volume increases exponentially, and the unit cost also decreases. Thus, it helps in increasing the market share of the firm in the economy.
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jaheem, who owns a hardware store, uses an income statement to show his revenue and expenses over the past three years to potential investors. T/F
This announcement is false.
Potential Investments capability a possible funding which We are thinking about making to a Borrower the key statistics and data on which are proven on every Lender's Dashboard and on which each Lender can also put up a Bid.
What do potential buyers show?Showing income data or the results of market research that exhibit demand for your product or service can assist exhibit your business's boom potential. Many traders will be specifically fascinated in seeing documentation of month-over-month or even week-over-week income growth.
Is a plausible Investor a stakeholder?Investors (aka shareholders) are really an example of stakeholders. Investors have a economic stake in the company. When they purchase fairness in a company, they choose to see the firm's management make the most of it (meaning a excessive return on equity). Investors play a key role in business.
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Sofia spends all of her income on pizza and gasoline, In this case: Sophia consumes at least some of each good.
The amount of money, property, and other transfers of value obtained over a predetermined period of time in return for services or goods are often referred to as "income." Income is defined in accordance with the context in which the word is employed; there is no single, universal definition. Earned, passive, and portfolio income are the three basic types of income. Earned income consists of salaries, tips, commissions, and wages. Rental properties, royalties, and limited partnerships are all potential sources of passive or unearned income. Interest, dividends, and capital gains on assets are all types of portfolio or investment income.
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E-commerce ________ is the ability of an organization to create a strong presence among consumers in many places, with minimal time constraints, to sell them products and services.
prevalence
selectivity
presence
ubiquity
Option (d), The ability of a firm to establish a significant presence among customers in numerous locations, with little time pressure, in order to sell them goods and services is known as e-commerce ubiquity.
What does ubiquity in e-commerce mean?The term "ubiquitousness" refers to a company's capacity to establish a dominant presence among consumers through the products and services it provides. A company's ubiquity is greatly aided by the Internet and e-commerce, even though physical retail locations and conventional marketing techniques also help in this endeavor.
What effects do customers experience from the extensive use of e-commerce?From the standpoint of the consumer, ubiquitousness reduces transaction costs, or the expenses related to participating in a market. You are no longer required to travel to a market to conduct business, saving both time and money.
Consumers can explore things in a market for less money thanks to ubiquity. Regardless of where they are, consumers can get any information whenever and wherever they choose. A buyer no longer needs to travel to a market, saving them time and money.
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a is a statement of what the system must do or characteristics the system must have. group of answer choices task process requirement model
A requirement is a statement of what system must do or characteristics the system must have.
Why are the requirements important?
A requirement is a declaration of the functions or qualities that the system must possess. The International Institute of Business Analysis (IIBA) defines a "requirement" as a condition or capability needed by a stakeholder to resolve an issue or accomplish a goal, whereas a "need" is a high-level illustration of the requirement needed.
The objective or goal is the need. They lay the groundwork for product's vision, scope, budget, and timeline, and they must ultimately focus on the end product's performance and quality. One of the most crucial elements of requirement management is the ability to trace requirements. It is also sometimes known as center of requirement management.
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g a combination of a contractionary fiscal policy and a contractionary monetary policy will output and unemployment in an economy.
Contractionary fiscal policy and the contractionary monetary policy both shift AD curve to the left.
What is a monetary policy?Maintaining price stability and public confidence in the currency's value and stability is the aim of monetary policy. It is a tactic used by a country's monetary authority to manage the money supply or the interest rate payable on extremely short-term borrowing, typically in an effort to cut inflation or the interest rate. As opposed to this, fiscal policy relies on taxes, government spending, and government borrowing as instruments for a government to influence business cycle phenomena like recessions. Monetary economics can provide some valuable insight into how to formulate the optimum monetary policy. In industrialized countries, monetary and fiscal policies are often made separately. The descriptions include both contractionary and expansionary monetary policies.
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an important diffrence between accounting and other business functions, such as marketing adn management, is that
The recording, classification, summarising, and interpreting of financial events and transactions to give management and other interested parties.
The information they need to make informed decisions is a key distinction between accounting and other business functions, such as marketing and management. The goal of marketing is to draw attention from the outside world to a business, its goods or services, and to generate sales as a result. Accounting, on the other hand, is concerned with monitoring, documenting, and creating financial statements based on a company's internal financial characteristics. Accounting documents a company's historical operations, whereas finance supports decisions about the firm's future.
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In ____, when several activities need the same limited resource at the same time, the activities with the least slack have first priority.
a. resource monitoring b. resource limited scheduling c. resource evaluation scheduling d. resource leveling
The correct answer is (b) i.e. resource limited scheduling. Resource-limited planning is associate approach that considers the supply of resources once setting the beginning and end dates for a project.
Limited resource scheduling will cut back delays and make sure that your comes end on time. The goal of this planning technique is that it helps you develop the shortest schedule along with your resource constraints.
Basically resource planning refers to the set of actions and methodology utilized by organizations to expeditiously assign the resources they need to jobs, tasks or comes they have to finish, and schedule begin and finish dates for every task or project supported resource accessibility.
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Which of the following requests below require data mining techniques rather than traditional database techniques.
1. Identify all shoppers who bought dog food last week.
2. Identify items that tend to be purchased by common shoppers.
3. Identify any correlation between time-of-day and items purchased.
4. Identify the items purchased during the first hour after opening the store.
3
2 3 4
2 3
1 2 3
The requests which require data mining techniques rather than traditional database techniques are: identify items that tend to be purchased by common shoppers; and, identify any correlation between time-of-day and items purchased. The correct answers are option 2 and 3.
What are data mining techniques?Data mining is the process of analyzing dense volumes of data to explore patterns, find trends, and gain insight into how that data can be used. Data miners can then use those findings to make decisions or predict an outcome.
Data mining techniques include Classification, Clustering, Regression, Association rules, Outer detection, Sequential Patterns, and Prediction. Classification data mining techniques involve analyzing the various attributes associated with different types of data.
Once organizations identify the main characteristics of these data types, organizations can categorize or classify related data. Data mining technique helps organizations to get knowledge-based information.
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Willing to provide the best breakfast under a minimum cost for a group of senior citizens, a company formulated a LP model. The breakfast needs to include at least 420 calories, 5 milligrams of iron, 400 milligrams of calcium, 20 grams of protein, 12 grams of fiber, and must have no more than 20 grams of fat and 30 milligrams of cholesterol. The firm has selected the following possible food items, whose individual nutrient contributions and cost from which to develop a standard breakfast menu are shown in the following table:
See the model as follows: Breakfast Food | Bran cereal (x1) = Dry cereal (x2) = Oatmeal (x3) = Oat bran (x4) = Egg (x5) = Bacon (x6) = Orange (x7) = Milk - 2% (x8) = Orange juice (9) = Wheat toast (x10) = Serving 0.00 0.00 1.02 0.00 0.00 0.00 0.00 1.24 0.00 2.98 Unit cup cup cup cup egg slice orange cup cup slice x3 = 4.5; x8 4.24; and x10 s 5.68; O x3 > 0.5; x8 > 0.24; and x10 > 0.68; O IV 4.5; x8 2 4.24; and x10 > 5.68; O x3 = 4.5; x8 = 4.24; and x10 = 5.68; O None of the above
The answer is none of the above, as constraint will improve diversification without not changing the cost too much.
What is diversification in investing?Investments are spread among a variety of financial instruments, industries, and other categories as part of the risk-reduction strategy known as diversification. By making investments in various sectors that would all respond differently to the same occurrence, it seeks to reduce losses. Diversification, according to the majority of investing experts, is crucial for achieving long-term financial goals while lowering risk, even though it cannot guarantee against loss.
First two options, these would give same optimal solution as given in the model as constraints condition won't change the model. For option 3 and 4, the cost will increase significantly since minimum serving will be more than doubled for each food (e.g. x3 is 1.02 in optimal model and will increase to >= 4.5 which will drive cost increase also). Hence, none of the option for constraint will improve diversification without not changing the cost too much.
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balancing quality costs against expected revenue gains has become known as: quality function deployment. return on quality. house of quality. quality trilogy.
Balancing quality costs against expected revenue gains has become known as return on quality.
What does income mean in a business?The term "revenue" describes the entire earnings a business makes from its primary activities, such as the sale of goods or services, the rental of real estate, regular payments, the interest on loans, etc.
Are sales a profit or a loss?Sales, or "revenue," does not take into account any costs or expenditures related to running the business. Profit is the amount of revenue that is left over after all costs, obligations, sources of new revenue, and operating costs have been taken into account.
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discovery of user requirements, existing system evaluation, and logical system design are part of the _____ phase of the systems development life cycle (sdlc).a. planning
b. analysis
c. detailed systems design
d. implementation
Discovery of user requirements, existing system evaluation, and logical system design are part of the planning phase of the systems development life cycle.
What does planning generally mean?Planning is the process of establishing goals and objectives for a specific time period, generating alternatives for the course of action to be pursued, and ultimately selecting an appropriate action from among the different alternatives.
Why is it important?The first main task of management is regarded as planning. In this role, managers establish the objectives of the company and assign resources to help them be met. Therefore, planning will include outline all upcoming managerial duties.
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There are three important factors to consider in selecting a conversion strategy: risk, cost, and _____________.
the time required
system features
infrastructure
planning
performance
There are three important factors to consider in selecting a conversion strategy: risk, cost, and the time required.
What is an example of a conversion strategy?Conversions come in various forms, as follows: registering for email. completing a contact form visiting a few of your website's pages.
The actions used to convert resources into goods or services are included in a company's conversion processes. The following is a list of these resources: Materials, including a stockpile of raw materials. the human resources needed for operations, or labor.
A project conversion approach is what?A conversion strategy's main goal is to specify the general method that will be applied to transferring the necessary master and transactional data from legacy systems to the new solution. Almost invariably, some conversion takes place during system implementation.
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identify which of the following is one of the reasonable explanations for the downward trend in the divorce rate, starting in about 1980, according to the text
Identify the cheap explanations for the downward trend within the divorce rate, beginning in regarding 1980, in keeping with the text.
Explanation(s): -Americans are becoming married later, after they area unit a lot of mature. -Fewer folks are becoming married, thus fewer folks are becoming unmarried .
We additionally assess various explanations for the increase in divorce rates throughout the late nineteenth century, as well as age structure, divorce law, urbanization, economic development, and foreign immigration, and that we realize that solely age structure and urbanization absolutely affected divorce rates at the side of the property acts.
Many studies administrated in Asian nation et al found that the vital causes of divorce rate domestic inharmoniousness, abuse of mate by husband or contrariwise or by their relatives, cruelty (physical or mental), adultery, impotency, barrenness, immoral conduct of the spouse equivalent, illicit relations, alcoholism, etc.
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A small manufacturing firm has developed the following list of activities necessary to release a contract for a new plant. Immediate Activity predecessor time (days) A (1-2) B (1-3) C (1-4) D (2-3) E (2-5) F (3-5) G (3-6) Н(4-6) I (5-6) J (6-7) 67. Which activities are on the critical path ? a. A-E-I-J 6. 5 ? (a = 3; m = 4; b = 5) 4 B,D B,D 6. E,F G,H,I 3 2 b. A-D-F-I-J d. A-D-G-J c. B-G-J е. С-Н-J 68. The expected completion time of this project is: b. 17 c. 19 d. 20 e. None a. 16 69. In the CPM/PERT chart, the ES and LF for the activity F(3-5) is: c. 7, 11 d. 11, 16 b. 6, 11 a. 2, 11 e. None 70. In the CPM/PERT chart, the slack time for activity B(1-3) is: b. 3 d. 0 a. 1 c. 5 e. None
67. Activities B-G-J are on the critical path 68. expected time in the given CPM/PERT = (a + (4m) + b) / 6 D = (3 + (4 * 4) + 5) / 6 = 4
The twin network-based product development methodologies PERT and CPM show the order and flow of events and actions. The Program (Project) Management and Review Technique (PERT) is ideal for projects when it is unknown how long it will take to accomplish certain tasks. The Critical Path Method, or CPM, on the other hand, is suitable for projects that are cyclical in nature. Time is a variable in PERT that indicates the application of planned resources and performance specifications. The project is first segmented into events and tasks using this technique. The CPM process distinguishes between essential and quasi activities to speed up the operation and prevent queue formation.
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in evaluating portfolio performance describe the general procedure with emphasis on benchmark employed
In order to evaluate the performance of a value-oriented portfolio, one would compare the return on such a portfolio with that of a benchmark portfolio that has value-style.
What does the term portfolio mean?A portfolio is a collection of financial investments such as stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs). Most people think that the foundation of a portfolio is made up of stocks, bonds, and cash.
What belongs in my portfolio, exactly?Written and visual summaries of the key projects and works that you have overseen or worked on should be included in your portfolio. A description of your abilities, the approaches you've taken, the results of your work, any pertinent conclusions you've drawn, and/or lessons you've learned should also be included.
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The experience of the Great Recession showed that when the economy is in a recession, from a Keynesian perspective, the government can increase its spending O at the risk of crowding out private investment O without a need to rely on the expenditure multiplier effects O with minimal risk of crowding out private investment D
The experience of the Great Recession showed that when the economy is in a recession, from a Keynesian perspective, the government can increase its spending with minimum risk of crowding out private investment.
According to Keynesian macroeconomics, the solution to a recession is expansionary financial coverage, which includes tax cuts to boost spending and funding or direct increases in government spending that could move the aggregate demand curve to the right.
Keynesians hold that changes in any area of spending—consumption, investment, or government spending—motivate changes in output because expenses are particularly rigid. For instance, if government expenditure rises but all other spending factors remain same, output will soar.
Two main concepts form the foundation of Keynesian economics. First off, a short-term financial event like a recession is more likely to be caused by a combination call than a combination deliver. Second, salary and fees might be complicated, thus in a monetary downturn, unemployment can result.
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a single-price monopoly faces a linear demand curve. if the marginal revenue for the second unit is $20, then the marginal revenue for the group of answer choices a. first unit is less than $20. b. third unit is less than $20. c. third unit is more than $20. d. third unit is also $20. e. more information is needed to determine if the marginal revenue for the third unit is more than, less than or equal to $20.
If marginal revenue for second unit is $20, then marginal revenue for the third unit is more than $20.
What is marginal revenue?Increasing product sales by one unit results in an increase in total revenue, which is known as marginal revenue, a key notion in microeconomics. Examining the difference between the total advantages a company gained from the quantity of a good or service produced during the previous period and the present period with an additional unit increase in the rate of production is necessary to determine the value of marginal revenue. With marginal cost also being taken into account, marginal revenue is a vital instrument for economic decision-making in the context of a corporation. In a market where there is perfect competition, the extra money made from selling a further unit of a good is equal to the price the company can charge the buyer.
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In Step 4, the EUP from Step 2 and the cost per EUP from Step 3 are used to assign costs to the: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Units completed and transferred to finished goods units in ending work in process inventory.
In Step 4, expenses are assigned to completed units that are transferred to finished goods and units in ending work-in-process inventories using the EUP from Step 2 and the cost per EUP from Step 3. The list of process costs includes: Physical flow of units, equivalent units of production, costs for individual departments, costs per equivalent unit, expenses incurred during the time, and allocation of total costs to units worked on during the period are only a few examples. The process cost summary provides the physical flow of units, equivalent units of production for the department, costs per equivalent unit for direct materials and conversion costs, and displays how total costs were allocated among the units completed during the period. A raw materials inventory account is debited when materials are purchased. Direct materials are separately gathered in a Work in Process Inventory as they are distributed to processes.
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Suppose the following financial information is available for Walgreens. (in millions) 2022 2021 Average common stockholders' equity $13,663.0 $11,884.0 Dividends declared for common stockholders 490 395 Dividends declared for preferred stockholders 0 0 Net income 2.057 2,156 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, e.g. 12.5%.) 2022 2021 Payout ratio % % Return on common stockholders' equity % %
The payout ratio for 2022 is 23.8% and the return on common stockholders' equity is 15.1%. The payout ratio for 2021 is 18.3% and the return on common stockholders' equity is 18.2%.
To calculate the payout ratio, we need to divide the dividends paid to common stockholders by the net income. For 2022, the payout ratio is:
(490 / 2,057) * 100 = 23.8%
For 2021, the payout ratio is:
(395 / 2,156) * 100 = 18.3%
To calculate the return on common stockholders' equity, we need to divide the net income by the average common stockholders' equity. For 2022, the return on common stockholders' equity is:
(2,057 / 13,663) * 100 = 15.1%
For 2021, the return on common stockholders' equity is:
(2,156 / 11,884) * 100 = 18.2%
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Assume that a competitive industry producing a normal good is in long-run equilibrium. If average consumer income decreases, which of the following changes will occur?
a) Short-run price: increase; short-run industry output: increase; movement of firms: enter
b) Short-run price: increase; short-run industry output: decrease; movement of firms: exit
c) Short-run price: decrease; short-run industry output: increase; movement of firms: exit
d) Short-run price: decrease; short-run industry output: decrease; movement of firms: enter
e) Short-run price: decrease; short-run industry output: decrease; movement of firms: exit
The correct option is E. If average consumer income decreases, Short-run price: decreases; short-run industry output: decreases; movement of firms: and exit changes will occur.
A purchaser is someone or a set who intends to order or uses purchased items, merchandise, or offerings in the main for non-public, social, family, family, and similar desires, who is not without delay related to entrepreneurial or enterprise activities. The time period maximum commonly refers to a person who purchases goods and services for personal use.
In a financial system, a client buys items or services frequently for consumption and no longer for resale or for commercial functions. consumers pay few amounts of money (or equivalent) for goods or offerings.) than consume (use up). As such, clients play a crucial function inside the financial device of a capitalist device and shape a fundamental part of any economy. without patron calls for, manufacturers might lack one of the key motivations to produce: to sell to clients. The purchaser also paperwork one stop of the chain of distribution.
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an open forum where the representative if an organization often offers and statement then answers questions
Press conferences are public forums where an organization's representative will frequently make a statement and then take questions.
What is the purpose of a press conference?A company or group may organize a press conference in front of journalists to provide important information about themselves, such as the start of a campaign. In this interactive setting, journalists can discover more about your organization and campaign.
A press conference in public relations serves what purpose?Press conferences are held when important news has to be disseminated. They are an essential tool for getting your word out to a larger audience. They need a lot of work, though, so they must be taken seriously. Spreading inaccurate or irrelevant information is worse than sending no message at all.
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Beca Adventures provides tours of scenic locations in Oregon. The company expects tours taken to increase dramatically compared with the prior year. For the past year, 2020, the number of tours given were as follows: 7,000 First quarter Second quarter Third quarter Fourth quarter 9,000 8,000 10,000 w Assume that tours for each quarter in 2021 will be 32 percent higher than in 2017 and that the price per tour is $82. Prepare a sales budget by quarter for 2018. Enter your answers as amounts only with neither commas nor decimals. Third Quarter Fourth Quarter Second Quarter $ $ $ First Quarter Budgeted $ sales dollars Exercise 10-6. Covington produces a vitamin-enhanced dog food that is sold in Kansas. The company expects sales to be 13,600 bags in January, 14,800 bags in February, 21,600 bags in March, and 23,900 bags in April. There are 1,230 bags on hand at the start of January. Covington desires to maintain monthly ending inventory equal to 15 percent of next month's expected sales. Prepare the production budget for Covington for the months of January, February, and March. Enter your answers as amounts only with neither commas nor decimals. January February March Units to be produced
Top-rated half- and full-day sightseeing trips are available from Portland, OR, through Wildwood Adventures. Attend one of our open tours.
Which of the following describes the traits of a Mcq company?Consequently, a corporation can be described as an incorporated association, which is a legal fiction with limited liability, perpetual succession, a common seal, and a separate legal existence. It also has a capital that is divided into transferable shares.
What among the following is not a characteristic of the management process?
Collaboration is not a quality of management.
The planning, organizing, staffing, directing, and controlling tasks of management are continuously carried out by Suhasini, the general manager of Fabmart.
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The following model is a simplified version of the multiple regression model used by
Biddle and Hamermesh (1990) to study the trade-off between time spent sleeping
and working and to look at other factors affecting sleep:
sleep = β0 + β1totwrk + β2educ + β3age + u
where sleep and totwrk (total work) are measured in minutes per week and educ
(years of education) and age are measured in years.
(a) If adults trade off sleep for work, what is the sign of β1?
(b) What signs do you think β2 and β3 will have?
(c) Using the data in Biddle and Hamermesh (1990), the estimated equation is
sleep [ = 3, 638.25 â 0.148 totwrk â 11.13 educ + 2.20 age n = 706, R2 = 0.113
If someone works five more hours per week, by how many minutes is sleep
predicted to fall? Is this a large trade-off?
(d) Discuss the sign and magnitude of the estimated coefficient on educ.
(e) Would you say totwrk, educ and age explain much of the variation in sleep?
What other factors might affect the time spent sleeping? Are these likely to be
correlated with totwrk?
Biddle and Hamermesh (1990) to study the trade-off between time spent sleeping Using the data in Biddle and Hamermesh (1990), the estimated equation
The following model is a condensed version of the multiple regression model used by Biddle and Hamermesh (1990) to examine other factors impacting sleep as well as the trade-off between time spent working and sleeping: $$text sleep =beta 0+beta 1 text +beta 2 e d 3 a g e+u$$, where educ and age are measured in years and (total work) is measured in minutes per week. (Also see Computer Exercise $mathrmC3$ in Chapter $2.$) i. If adults sacrifice sleep for work, what does $beta 1 represent? $ ii. What indications do you anticipate for beta versions 2 and 3? iii. The approximated equation is $$beginaligned widehat using the data from SLEEP75. text while sleeping Age &=3,638.25-.148 Text Work -11.13 Text Education +2.20 Text Totwrk
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when harvey hotels accrues salaries at the end of the accounting periods, its: O current ratio increasesO acid test ratio increases O debt toe quity ratio increases O debt to equity decreases
When Harvey hotels accrues salaries at the end of accounting period its debt to equity ratio increases that is option C is correct.
Debt to equity ratio is referred to as a parameter that is used to compare the liabilities of any company with the equity that the shareholders of the company posses. A higher value of debt to equity ratio implies that the company or the organization is at a higher risk and it is not able to maintain its debt. A lower value of the debt to equity ratio means that whatever debt the company has taken, it is not able to use the debt amount properly and make profits from that amount.
It is necessary to have a balanced value of debt to equity ratio. It is defined as the ratio of the total liabilities to the equity of shareholders. In this case Harvey hotels accrues salaries at the end of accounting period which increases risks that means the value of debt to equity ratio increases.
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T/F performance transparency ensures that the system finds the most cost-effective path to access remote data.
It is true that performance transparency ensures that system finds most cost-effective path to access the remote data.
What is transparency?Transparency is the practice of working in a way that makes it simple for others to observe what is done. It is an ethic that crosses science, engineering, commerce, and the humanities. Transparency involves accountability, openness, and communication. Companies, organizations, government agencies, and communities all practice transparency. A real-world illustration of transparency is when a cashier makes adjustments following a point of sale; they provide a record of the things bought as well as the customer's change. Transparency in information security refers to keeping the mysterious, underlying mechanisms hidden in order to avoid obstructing intended function, which is practically the reverse of what transparency means. It primarily refers to security features that are purposefully difficult to detect or obscured from view.
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computing customer lifetime value (clv) involves three kinds of components: (1) numbers about money, (2) numbers about time, and (3) financing finesse.
Computing customer lifetime value (CLV) involves three kinds of components: (1) numbers about money, (2) numbers about time, and (3) a financing finesse is true.
Write a short note on customer lifetime valueCustomer lifetime value (CLV) is a metric that is used to describe how much money a company can expect to make overall from a typical customer during the duration that person or account stays a customer. Customer Value * Average Customer Lifespan equals Customer Lifetime Value. Calculating the average purchase value and multiplying it by the average number of purchases will yield CLTV, which stands for client lifetime value.
A central line (CL) for the average, an upper control line (UCL) for the upper control unit, and a lower control line (LCL) for the lower control unit are the three crucial parts of a statistical process control chart. The ideal way to determine CLV is to consider both the overall average income generated by a client and the overall average profit.
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Efficiency versus equity
The economy consists of two consumers, Jamal and Mitch. They have ordered a pizza and are deciding how to divide it between themselves. They have brainstormed a few solutions, and now they want to consult an economist to determine if their solutions are efficient and fair. Assume that a pizza consists of eight slices, and the more pizza Jamal and Mitch eat, the happier they are. One of their solutions is to divide the pizza in half, so each of them would get four of the eight slices. An economist would say this solution is O efficient but not fair O fair but not efficient O efficient and fair O neither efficient nor fair
Out of the choices provided above, it can be concluded to say that an economist would say that the solution given above is fair and efficient at the same time. Therefore, the option C holds true.
An economist can be referred to or considered as a person who is an expert in studies related to economics, whether microeconomics or macroeconomics. As per the general theory of economists, an economic solution is fair and efficient when the factors related to two different consumption are exactly homogenous in nature.
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adriana graphic design receives $1,550 from a client billed in a previous month for services provided. which of the following general journal entries will adriana graphic design make to record this transaction?
Graphic Design by Adriana To document this transaction General journal entries will be made for Cash 2,550 and Accounts Receivable 2,550.
What exactly does the term "transaction" mean?
A finished agreement between such a seller and a buyer to transfer products, services, as well as financial assets in exchange for money is referred to as a transaction. A transaction is essentially an agreement between the two parties: a purchaser and a vendor. In exchange for the cash monies from the buyer, the seller provides a product or service. The more money transfers a company conducts, the more it can generate operating cash flow and pay its debts.
What are the different types of transactions?
Accounting transactions are classified into three types based just on exchange of cash: cash exchanges, non-cash money transfers, and credit transactions.
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The process cost summary summarizes: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Physical flow of units.
Equivalent units of production.
Costs per equivalent units.
Assignment of total costs to units worked on in the period.
Physical flow of units., Equivalent units of production., Costs per equivalent units are correct.
What does a process cost summary describe?A production report that lists the expenses, output, and costs associated with each production unit is known as a process cost summary. In other words, this report serves as a summary of all the production operations for a certain process or department.The information in the process cost summary relates to the: Costs incurred by the department - The costs incurred by the preceding departments are used. Equivalent production units - The components of the units are the materials, the conversion, and the overhead.Process costing entails keeping track of the number of units that go through the production process during a certain time period, gathering cost data for each stage, and using the data to determine the cost per unit.To learn more about process cost refer,
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