which employer retirement plan specifies the benefits promised to the employee at the normal retirement age?

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Answer 1

A defined benefit plan specifies the benefits promised to the employee at the normal retirement age.

At retirement, a defined benefit plan guarantees a certain monthly benefit. This guaranteed benefit may be specified in the plan as a specific financial figure, such as $100 per month after retirement.

A defined-benefit plan is an employer-sponsored retirement program where benefits are calculated for employees using a formula that takes into account a number of variables, including length of service and pay history.

The company is in charge of managing the investments and risk associated with the plan, and will often do so by hiring a third-party investment manager.

Unlike with a 401(k) plan, an employee often cannot withdraw money at will. Instead, at a certain age specified by the plan's provisions, individuals become qualified to receive their benefit as a lifetime annuity or, in some situations, as a lump amount.

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which cost takes into account the return demanded on the firm's equity and the amount the firm must pay on its debt? a. cost of capital b. obsolescence (spoilage) cost c. handling cost d. occupancy cost

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Correct option is B) Obsolescence (spoilage) cost, The dividend growth approach can be used to calculate the cost of equity capital in cases when earnings, dividends, and equity share price all grow at the same rate.

The dividend growth approach can be used to calculate the cost of equity capital in cases when earnings, dividends, and equity share price all grow at the same rate. When the peak demand period is the same for the majority of the products a company produces, it is vital to develop products with more predictable demand throughout the off-season. Pricing and promotion decisions are typically made by operations.

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the ? is the variable for which supply and demand must be balanced. it is a physical or chemical change of matter and/or conversion of energy.

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Equilibrium price is the variable for which provide and demand have to be balanced. It is a physical or chemical exchange of count and/or conversion of energy.

What is the variable for which furnish and demand ought to be balanced?

An equilibrium rate is a balance of demand and grant factors. There is a tendency for expenditures to return to this equilibrium unless some characteristics of demand or provide change. Changes in the equilibrium rate happen when either demand or supply, or both, shift or move.

Law of Supply = There is a direct, nice relationship between the rate of a accurate and the quantity supplied, ceteris paribus. The second property demonstrates that price (P) is the impartial variable, and extent supplied (Qs) is the structured variable.

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the chief disadvantages of a(n) sales force are the high cost, cultural and legal barriers, and the limited number of high-caliber personnel willing to live abroad for extended

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The high cost, cultural and legal barriers, and the limited number of high-caliber employees willing to live abroad for extended periods are the primary drawbacks of an expatriate sales force.

What drawbacks does sales management have?

Disadvantage: Disconnect Your company's sales representatives are the ones responsible for generating revenue and maintaining its operations. A sales manager becomes an additional barrier between you and your sales professionals, which can lead to a lack of communication with your customers and sales representatives.

What are the disservices of after deals administration?

These contribute to product enhancement. However, there is a clear disadvantage to focusing on in-house after-sales services: The core business lacks the resources and focus necessary for expansion: Examples of such strategic focus areas include research and development, manufacturing procedures, and sales of new products.

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trendy wear for teens is choosing to set up its new production facility in indonesia in order to take advantage of low labor costs. additionally, the indonesian government will offer the company tax incentives if it locates its facility in indonesia. by pursuing such a strategy, trendy wear for teens hopes to realize

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By locating its new production facility in Indonesia, Trendy Wear for Teens hopes to realize several benefits. The most immediate benefit is that the company can take advantage of the low labour costs available in the country.

What is labour costs?

Labour costs refer to the total expenses paid to employees in exchange for their labour or services. This includes wages and salaries, bonuses, and any fringe benefits such as health insurance, vacation pay, and employer contributions to retirement plans. Labour costs are one of the largest components of a business's operating expenses and can have a major impact on a company's bottom line. Companies must carefully manage their labour costs in order to stay competitive and remain profitable.

By reducing its labor costs, the company can realize a greater profit margin on its products. Additionally, the Indonesian government has offered to provide the company with tax incentives, further reducing the cost of operating the facility. In this way, Trendy Wear for Teens can ensure higher profits and greater success.


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the the opportunity cost of doing something, the likely a person will do that something. group of answer choices higher; less b and d lower; less lower; more higher; more

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The lower; higher the opportunity cost of doing something, the more; less likely a person will do that something.

Opportunity costs represent the potential benefits that an individual, investor, or business loses when choosing one option over another. Because real-time costs are invisible by definition, they can be easily seen. Understanding the resources that are not available when a business or an individual chooses one investment over another allows for better decision making.

Opportunity cost is a strictly internal value used for rational thinking; it is not included in income and is not included in external financial reporting.

Examples of opportunity costs include investing in a new manufacturing facility in Los Angeles instead of Mexico City, deciding not to upgrade company equipment, or choosing expensive packaging than cheaper options.

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an order to buy or sell a security at the current price is a ______________.

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An order to buy or sell the security at the current price is called as a market order.

A market order is an order placed with a broker to buy or sell a security at the best available price in the current market. Market orders are the simplest and most common type of trade, and they are used when an investor wants to buy or sell a security as quickly as possible, with no regard to price or timing. Market orders are often filled immediately, with the broker finding the best available price for the trade. Market orders are used when time is of the essence or when the investor does not have a specific price in mind.

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what term refers to direct links to deeper areas of the website that advertising drives consumers to beyond the homepage?

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The term that refers to direct links to deeper areas of the website that drives advertising consumers to go beyond the homepage is a microsite.

What is Microsite?

A microsite is a web page made to promote a company's campaign, event, product, or service. This microsite can drive consumers to go beyond a certain website's homepage. Microsites usually use a different domain from the main company but act as separate entities for the company or the brand. This microsite is very useful, especially for companies that use a website as one of their main promotional tools because it can increase the attention span of consumers.

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using examples from the text, give some of the advantages and disadvantages of renting and owning a home.

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It might be challenging to decide whether to owning home or renting . If you are unsure of how long you will be staying in a city, renting a home makes sense.

owning a home in a city where you won't be spending much time is pointless. For individuals who want to live in a luxurious apartment but may not be able to afford to buy one, renting a home is a possibility. Additionally, major repairs like cracked floors and other issues are not the responsibility of the renter in a rental residence. The benefits of renting a home Big investments are not necessary: When renting, you must sign a contract that usually has an expiration date.

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a selling agent has given the buyer information on the real estate market and suggested a purchase price for the buyer's offer. the selling agent has likely created what type of agency with the buyer?

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The seller agent, also known as listing agent, who represents a home seller in a real estate transaction, and helps them sell their house. If you are thinking about becoming a listing agent or a buyers agent, that is a whole different story that deserves a blog pf its own.

In essence, a buyer's agent represents a person who is purchasing a home whereas a seller's agent represents a person who is selling a home. The former, usually referred to as the "listing agent," is in charge of putting the house up for sale, including its preparation, listing, and marketing. The latter is the one who looks for residences on the Multiple Listing Service (MLS). To the Seller and their listing agent, the Buyer's offer. Any offer has both virtues and flaws, just like every home. The buyer's, er, selling agent's role is to highlight the positives and downplay or neutralise any negatives.

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when it comes to the economy, what does laissez faire mean? why did the united states move towards this approach at the conclusion of the civil war?

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Laissez-faire is an economic philosophy of unregulated economy free enterprise that goes against government intercession

Laissez-faire, (French: "permit to do") policy of minimum administrative interference in the economic affairs of individuals and society. The origin of the term is uncertain, yet legends recommends that it is derived from the response Jean-Baptiste Colbert, specialist general of finance under King Louis XIV of France, received when he asked industrialists how the public authority might help business: "Let us be." The doctrine of laissez-faire is normally associated with the economists known as Physiocrats, who flourished in France from around 1756 to 1778. The policy of laissez-faire received solid help in classical economics as it created in Extraordinary Britain affected by the philosopher and economist Adam Smith.

Quantitative exchange restrictions were first imposed for a huge scope during and immediately after World War I. During the 1920s amounts were progressively abolished and supplanted by tariffs. The following extraordinary flood of share protection came during the Economic crisis of the early 20s in the mid 1930s, with France leading the European countries in introducing a comprehensive portion framework in 1931. After World War II, the western European countries started a continuous dismantling of quantitative import restrictions, however the United States would in general utilize them.

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value-based pricing methods include approaches to setting prices that focus on the overall value of the product offering

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Some marketers mistakenly believe that when a firm utilizes value-based pricing, it must analyze how much each product feature is valued by the consumer, assign a monetary amount to each one, and then add them all up to get the product's final price.

WHAT IS A PRICING STRATEGY BASED ON VALUE?

The "economic value to customer" of value-based pricing (or customer value-based pricing) is determined by how much a consumer believes a product is worth. Rather than pricing a product based on its net costs to the seller, the seller sets the price based on its perceived worth as perceived by potential buyers in this pricing method.

This perceived worth is also known as True Economic Value in economics.

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ch 10 kb. both monetary and non-monetary measured items can be budgeted. group of answer choices true false

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Monetary and non-monetary measured items can be budgeted.

This statement is True.

Budgeting in business is the process of comparing a business's estimated income (money coming into the business by selling products and services) and expenses (money going out by paying expenses and bills).

A monthly budget is a plan for how you will spend your money each month. Monthly budgets are popular because many recurring expenses occur each month, such as rent, utilities, credit card payments, and other loan payments.

A budget balance sheet is a financial document that represents estimates of a startup's assets, liabilities and equity for the foreseeable future. This forecast value is calculated taking into account inflation and capacity increases and decreases.

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When demand exceeds capacity, all of the following are reasonable options for the firm excepta. operating overtime hours to meet the demand.b. starting a second or third shift.c. subcontracting part of the work to other producers.d. turning away some long-time customers.e. expanding the capacity of the current facility.

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All of the following are viable possibilities for the firm when demand exceeds capacity, with the exception turning away some long-time customers.

Demand in economics refers to the quantity of a good that consumers are willing and able to buy at various prices at any particular time. The link between price and quantity demanded is known as the demand curve. Demand is an economics principle that describes the consumer's decision to purchase the good or service. The rate that consumers are willing to pay for the good or service is used to calculate demand.

Demand is the preference of the customer to purchase a particular privilege or service. The need for a specific good in the market is known as market demand. The overall demand for goods and services in the economy is known as aggregate demand. The cost of the service is determined by call for and deliver fit.

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was a reform during the progressive era that increased the power of the federal government to regulate private business.

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To control commerce and avoid monopolies, the Federal Trade Commission Act and the Clayton Antitrust Act were passed.

Therefore, the reforms are: Federal Trade Commission Act and the Clayton Antitrust Act

A federal statute passed in the United States in 1914 called the Federal Trade Commission Act created the agency. The Act, which Woodrow Wilson, the US president, signed into law, prohibits unfair business practises and unfair techniques of competition.

The Clayton Antitrust Act of 1914 was enacted as part of American antitrust legislation with the intention of giving the system more substance. The Clayton Act aims to stop anticompetitive behaviors before they become widespread.

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vertical analysis of financial statements is accomplished by preparing common-size statements. State True or False your answer: a. Trueb. False

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A company's current assets are any assets it owns that it expects to use within a year. In contrast, quick assets are only those assets that can be converted into cash the most quickly, like cash, marketable securities, and accounts receivable. Therefore, not all current assets are quick assets, but all quick assets are current assets.

a. Common-size statements are used to conduct vertical analysis of financial statements. Each line item in true vertical analysis is expressed as a percentage of a single figure, like sales on the income statement or total assets on the balance sheet. When creating common-size statements, these percentages are calculated.

b. Liquidity is the speed at which an asset can be converted into cash. True, cash, cash equivalents, and receivables are the most liquid assets because they can be easily converted to cash.

c. A company's acid-test ratio won't change if it buys marketable securities with cash. Marketable securities and true cash are both regarded as quick assets. As a result, there will be no change to the calculation's numerator.

d. The times interest earned ratio can be calculated as follows: Divide earnings before interest and income taxes/interest expense by the amount of earned interest. The price-earnings ratio is calculated by dividing the stock's market price per share by its earnings per share. True TIE is calculated by dividing EBIT by interest expense e. True, the P/E ratio is obtained by dividing EPS by the market price per share.

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Full Question = True or false:

a. Vertical analysis of financial statements is accomplished by preparing common-size statements.

b. Liquidity refers to how quickly an asset can be converted into cash.

c. Purchasing marketable securities with cash will have no effect on a company's acid-test ratio.

d. The formula for the times interest earned ratio is: Times interest earned=Earnings before interest expense and income taxes/Interest expense.

e. The price-earnings ratio is determined by dividing market price per share of stock by the earnings per share.

actively managed mutual funds mostly outperform those that merely track an index. question content area bottom true false

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No, the actively managed mutual funds mostly outperform those that merely track an index.

In areas like large-cap equity, passively managed index funds have recently outperformed actively managed ones. In reality, passive funds have been outperforming other investments in a number of areas on an annual basis. Active funds, however, continue to perform better in specialized subcategories such alternative investments and small size funds.

what is a mutual fund?

A mutual fund is an investment vehicle that is professionally managed and collects money from a number of participants to buy securities. The phrase is frequently used in the United States, Canada, and India; other countries having structures akin to these include those in the UK and Europe, such as the SICAV (short for "investment company with variable capital").

The primary investments of mutual funds are frequently categorized as money market funds, bond or fixed income funds, stock or equity funds, or hybrid funds.

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what are examples of outside resolution that can be used to solve legal issues? conciliation mediation arbitration all of the above

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Conciliation, mediation, and arbitration (D) are some most common examples of outside resolution to solve legal issues or alternative dispute resolution (ADR).

Alternative dispute resolution or ADR includes any method of resolving dispute without any involvement of courts. ADR includes all process and technques of conflicts resolution that occur outside of any governmental authority. The most well-known ADR methods are mediation, arbitration, conciliation, negotiation, and transaction.

All ADR methods are enabling the involved parties to find admissible solutions to their conflicts outside traditional court proceeding but are governed by different rules. ADR provides rapidity, confidentiality, and flexibility in dealing with conflicts.

Let's discuss every option we have here.

Conciliation is a voluntary, flexible, confidential and interest based process. All involved parties are helped by the assistance of the conciliator, who acts as a neutral third party, to dispute the settlement. The conciliator is responsible to provide a non-binding settlement proposal for both parties. However, the conciliator will not make any judgement or decision regarding the dispute.

Mediation is negotiation between all disputing parties with assitance of a neutral party who acts as a mediator. Mediator is not empowered to impose a settlement, but his presence alter the dynamics of the negotiation and helps shape the final settlement.

Mediation is started with opening statements given by all parties involved. Joint discussions held to discuss what was presented in the opening statements. All parties then will be separated and provided with time to have some private discussions sessions. After coming with their own offer, all parties should negotiate the right settlement with each other. After an agreement have reached, the settlement documentation should be signed by all parties involved.

Arbitration involves arbitrators who are the third parties outside the conflict and make a binding decision on the dispute. By choosing arbitration, the parties opt private resolution procedures instead of going to court. Arbitration is consensual and agreed by all parties involved. The parties should be agree on the arbitrator(s). Arbitration is neutral and a confidential procedure. The decision of the arbitration is final and easy to enforce.

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when output exceeds potential output: (i) there is excess demand. (ii) demand-pull inflation occurs. (iii) the output gap becomes negative. (iv) the output gap becomes positive.

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A positive gap results when output increases over its potential level during a boom. In this situation, the economy is sometimes referred to as "overheating," which pushes inflation higher and may force the central bank to "cool" the economy by increasing interest rates.

Prices might increase for everyone if there is an imbalance between supply and demand. When an increasing demand for products or services meets a limited supply, demand-pull inflation results, which raises prices. The implications of an imbalance in overall supply and demand are described by the Keynesian economic principle known as "demand-pull inflation." Prices rise when the aggregate supply and demand in an economy are significantly out of balance. The most typical reason for inflation is this. It is claimed that demand-pull inflation develops when overall demand.

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you have just purchased a new ipad pro for $1400 fromthe apple store. you must make 8 monthly $200payments beginning today. what is the interest rate thatyou will be paying the apple store expressed as an apr?

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The APR is 0%. APR stands for Annual Percentage Rate, which takes into account interest rate and fees charged over the life of the loan.

Since there are no interest or fees charged in this case, the APR is 0%.

The annual interest produced by a sum that is paid to investors or charged to borrowers is referred to as the annual percentage rate (APR). APR is a percentage that expresses the actual annual cost of borrowing money throughout the course of a loan or the revenue from an investment.

The annual percentage rate (APR), which a financial institution assesses on a loan or the return on an investment, is the annual percentage. APR is calculated using the following formula: APR = (Fees + Interest) x 1 year x 100 / Principal amount, number of loan terms. APR comes in two flavours: fixed APR and variable APR.

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greeting cards, brochures, newsletters, flyers, business cards, and so on are examples of what type of documents?

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Greeting cards, brochures, newsletters, flyers, business cards, and so on are examples of Desktop publishing files.

About Desktop publishing

Desktop publishing (abbreviated as DTP) is the creation of documents using page layout skills on a personal computer. Desktop publishing software can generate layouts and produce a typographic quality of text and images comparable to traditional typography and printing. This technology enables individuals, businesses, and other organizations to self-publish a variety of printed matter. Desktop publishing is also the ultimate reference for digital typography. When used professional desktop publishing allows users to produce a wide variety of material, from menus to magazines and books, without the cost of commercial printing.

Desktop publishing combines personal computers and WYSIWYG page layout software to create publication documents on computers for either large-scale publishing or small-scale local multifunction peripheral output and distribution. The desktop publishing method provides more control over design, layout, and typography than word processing does. However, word processing software has grown to include some, though by no means all, capabilities previously only available with professional printing or desktop publishing.

The same DTP skills and software that are used for plain paper and book publishing are sometimes used to create graphics for point of sale displays, promotional items, trade show exhibits, retail package designs and outdoor signs. Although what is classified as "DTP software" is usually limited to print media and PDF publications, DTP skills are not limited to print. Content produced by desktop publishers can also be exported and used for electronic media. Job descriptions that include a "DTP", such as a DTP artist, often require skills using software to produce e-books, web content, and web pages, which may involve web design or user interface design for any graphical user interface.

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17) an important factor for locating new manufacturing plants is: a) proximity to customers. b) location of competitors. c) proximity to markets. d) favorable labor climate.

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An important factor for locating new manufacturing plants is a favorable labor climate.

Manufacturing plants include custom workshops, factories, mills, industrial shops, and production facilities, among other comparable purposes, that are generally used for the fabrication, processing, finishing, refinishing, or assembly of various goods and commodities.

Every single manufacturing job, according to the Economic Policy Institute in the U.S., generates three additional employment because earnings are spent in other areas of the economy. In addition, manufacturing decreases poverty and generates middle-class jobs. India has more than 25,000 small and medium manufacturing businesses in addition to over 5000 large manufacturing businesses.

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what sales can be expected with a toothpaste price of $2.50 when the drugstore chain uses no advertising for senso white and uses leaflets for a competing toothpaste?

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regression equation from given parameters is sales = 7023 can be expected with a toothpaste price of $2.50 when the drugstore chain uses no advertising for senso white and uses leaflets for a competing toothpaste.

sales = 9897.875 -949.518*price - 501.432 *other tooth paste brand advertised, here price = 2.5  and other tooth paste brand advertised = 1, apply this to equation, sales = 9897.875 -949.518*2.5 - 501.432 *1=7022.648   approximately 7023. here are the dummy variable's values. Senso white advertised with leaflets, Senso white advertised with Indialy newspaper, Senso white marketed with booklet contain images will be zero, while other products will continue to be advertised in news papers. this is because this entire advertising strategy is used. They only run advertisements for other tooth paste products, which are advertised with leaflets and have a value of 1, because this is the situation's reality. Giving out leaflets or pamphlets in public is known as leaflet marketing. Flyers are often single pieces of paper, while leaflets are typically folded and presented in a little more complex manner, but there is no real difference between them legally. business model known as advertising involves purchasing space to market a positive, negative, or abstract idea.

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FILL IN THE BLANK. angiosperms are different from all other plants because only they have __________.

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Angiosperms are different from all the other plants because they only have the flowers.

Angiosperms are the most diverse group of land plants and include trees, shrubs, grasses, and herbs. They are also known as flowering plants, because they produce flowers and fruits. All angiosperms are distinguished by their flowers and fruits, which contain the ovules (seeds) enclosed in ovaries. The ovary walls develop into fruits that protect the seeds and aid in their dispersal. Flowers are the most conspicuous feature of angiosperms and are usually brightly colored, often with a sweet scent to attract pollinators.

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lancelot manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. the following estimates are provided for the coming year for the company and for the case high school band jacket job. company case high school job direct materials $55,000 $2,300 direct labor $22,000 $600 manufacturing overhead costs $49,000 machine-hours 70,000 mh 700 mh what is the bid price for the case high school job if the company uses a 40% markup of total manufacturing costs?

Answers

Total manufacturing costs showcase how an awful lot your agency spent to produce its stock in a given period of time. This consists of a thorough account of the cost of overhead, substances used, labor, and any different manufacturing prices that contributed to completing the product.

How do you calculate complete manufacturing price assigned to a job?

To calculate complete manufacturing price you add collectively three unique fee categories: the charges of direct materials, direct labour and manufacturing overheads. Expressed as a formula, that's: Total manufacturing cost = Direct materials + Direct labour + Manufacturing overheads.

Examples of manufacturing encompass automobile companies, bakeries, shoemakers and tailors, as they all create products, as a substitute than presenting services.

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bob is on the board of directors for abc plants. he is concerned that abc may not have the capital needed to do what they will need to in this upcoming quarter. given bob's concern, where should he look to find the answer

Answers

To find the solution to his problem, Bob should look at the budgeted income statement.

Being one of the members of the board of directors of the company, it is the responsibility of Bob to look at all the needs of the company. He should be aware of all the things that are going on within the company and also whether there are enough raw materials or capital for the future production of the company. He should also be aware of the expenses and revenue of the company. All these details he can find on the Budgeted income statement. He can also consider about the capital by making sure that the cost of capital is in the budget of company or not by looking at the income statement of the company.

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Gordon worked part-time last year from June through December. It’s now January and he’s preparing to file his taxes. Briefly explain what he needs to do -- and when -- in order to file his taxes.

Answers

Since Gordon worked part-time last year from June through December. The way to file his taxes are:

Gather your tax documents in Step 1Step 2: Decide whether to itemize or use the standard deductionSelect a filing status in Step 3 and file your taxes in Step 4.Step 5: Prepare Yourself for Next Year

How can a person file my taxes the simplest way?

IRS Free File enables you to complete and submit your federal income tax return online utilizing Free File Fillable Forms, IRS Partner Sites, or assisted tax preparation. It's secure, simple, and free for you to file a federal return.

Therefore, To file returns online, visit the Income Tax Department website at www.incometaxindiaefiling.gov.in. The user ID for registration will be your Permanent Account Number (PAN). Go to the relevant assessment year's e-filing section under "Download" and select the appropriate Income Tax Return (ITR) form.

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the philippines government provides retirement benefits, unemployment benefits, maternity leave benefits, death and funeral benefits, and other benefits. these are examples of:

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These are examples of Social insurance . As they are provided by govt to citizens. Thus correct answer(d).

A kind of social welfare known as social insurance offers protection from financial dangers. Public insurance may be offered, or private insurance may be subsidized. In contrast to other kinds of social assistance, people's claims are partially based on their contributions, which may be thought of as insurance premiums to establish a pool of money from which the people would eventually get benefits.

Types of social insurance include:

Public health insuranceSocial SecurityPublic Unemployment InsurancePublic auto insuranceUniversal parental leave

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The Philippines government provides retirement benefits, unemployment benefits, maternity leave benefits, death and funeral benefits, and other benefits. These are examples of:

taxes.

items that count toward GDP

consumption social insurance

Social Science

the process that involves the computerized search for meaningful trends in a large amount of data is known as

Answers

The process that involves the computerized search for meaningful trends in a large amount of data is known as Data Mining.

Data mining is most usually described as the system of the use of computers and automation to search big units of records for styles and developments, turning the ones findings into business insights and predictions.

Data mining is the method of extracting and coming across styles in big facts sets related to techniques on the intersection of system getting to know, statistics, and database structures.

Data mining is the system of sorting through massive information sets to identify styles and relationships that can assist remedy commercial enterprise issues via statistics analysis. facts mining techniques and tools permit firms to expect destiny trends and make extra-informed commercial enterprise decisions.

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prescriptive analytics is the process of using data to. a) analyze trends. b) predict what will happen in the future. c) determine the break-even point. d) solve linear programming problems. e) determine the best course of action for the future.

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prescriptive analytics is the process of using data to determine the best course of action for the future.

Data analysis that recommends the best course of action is known as prescriptive analytics. This sort of study produces suggestions for following up after taking into account all pertinent elements. Prescriptive analytics is a type of business analytics that provides recommendations for how to seize an opportunity or reduce a risk in the future while also illustrating the implications of each alternative. It allows an organisation to think about "the optimum course of action to pursue" in light of data obtained via descriptive and predictive analytics. Descriptive analytics, which still comprises the majority of all business analytics today, is the first stage of the analytical process for company. By analysing historical data to find the causes of previous success or failure, descriptive analytics examines past performance and understands that performance.

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when entering into an income based repayment plan option, a student must contact their ________________________ to select the repayment plan option.
a. student loan facilitator
b. FAFSA service coordinator
c. student loan service
d. career coach and financial services counselor

Answers

The correct answer to the given fill in the blanks question about income based repayment is option C) a student must contact their Student loan service to select the repayment plan option.

Based on your salary and family size, an income-driven repayment plan establishes your monthly student loan payment at a level that is meant to be reasonable. We provide four repayment plans based on income:

Pay As You Earn  Plan Update (REPAYE Plan)

Plan Based on Earnings (PAYE Plan)

Plan for Income-Based (IBR Plan)

Income-Based Program (ICR Plan)

In an income-driven repayment plan, your monthly payment is often a proportion of your discretionary income. Depending on the plan, the proportion varies. The payment amounts for each income-driven plan are depicted in the chart below. You might not have any monthly payments at all, it all depends on your income and family size.

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