Quality standards uses multiple guidelines, such as reliability and usability, to ensure its desired outcome.
Documents that would provide guidelines, specific requirements, regulations, or features that can be used continuously to ensure that components, goods, mechanisms, and facilities are fit for their purpose are referred to as quality standards.
Clear requirements and standards make it simpler for businesses to meet what their customers consider "quality," and they enhance the overall vision of what the business should strive for.
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Dominique is determined to sell her first million-dollar home for her real estate brokerage firm. She is certain that if she sells the home within sixty days, the broker will ask her to be the lead realtor for a new large condominium complex. Dominique’s belief demonstrates?.
As Dominique is determined to sell her first million-dollar home for her real estate brokerage firm and more certain that the broker will ask her to be the lead realtor for a new large condominium complex; hence, Dominique’s belief demonstrates a self-efficacy.
What is a self-efficacy?Basically, a self-efficacy is also known as a self-belief. This refers to a person's belief in their ability to complete tasks and to achieve their goals. It involves act of judging oneself to be capable of success, which increases the chances of actual success and not judging oneself as not capable of success which reduces the chance of success.
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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.
We use demand to talk about the price and quantity of a single good . We use aggregate demand to describe the overall, or total, demand for all final goods and services produced in an economy.
What is demand?Demand in economics refers to a consumer's willingness and desire to purchase goods and services at a specific price. A product or service's demand often declines as its price increases. A decrease in the price of a good or service will result in an increase in demand.
Demand is a term that both customers and organizations are well-versed in because it makes sense and naturally occurs throughout practically any day. Customers who are keeping an eye on particular things, for instance, might buy more of them when the prices are low. When anything happens that raises the price, such as a change in season, shoppers often buy fewer things or occasionally nothing at all.
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21. pls help will give brainliest
Revenues less costs, taxes, and interest equal net income (NI).NI is used to compute earnings per share. Because costs can be concealed via accounting techniques or revenues can be artificially overstated, investors should carefully examine the data used to calculate NI.
How do you calculate net income in accounting?The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in company is what remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid. You can figure out your net income if you know your total income and total outgoings: Complete revenue minus total expenses equals net income. Most business owners must produce an income statement, one of the three primary financial statements, in order to determine their net income. The change in assets less the change in liabilities must equal net income, according to logic, as assets must equal liabilities plus equity. Since it is the final indicator of a company's performance, net income is frequently used interchangeably with profit. You must take the recorded retained earnings from the prior financial period, known as beginning retained earnings, and add dividends back in to calculate net income using retained earnings.The Net Income =
Total revenue – total expenses.
Total expenses
= $448000+$96000+$71000
=$615000
The
net income
= $721000-$615000
=$106000
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Draw a demand and supply graph for each of the following questions. For each question, start by drawing a correctly labeled graph of the market for cookies in equilibrium. Your starting graphs should each have correctly labeled axes and demand and supply curves. Label the equilibrium price and quantity as p1 and p2 on the axes of each of the starting graphs.
Show the effect on the equilibrium price and quantity in the market for cookies if the price of milk increases. Determine which curve is affected by the change in the price of milk and whether it increases or decreases. On your graph, draw a new curve indicating the shift—either to the right or the left. Label the new equilibrium price and quantity as p2 and q2.
Show the effect on the equilibrium price and quantity in the market for cookies if the price of flour decreases. Determine which curve is affected by the change in the price of flour and whether it increases or decreases. On your graph, draw a new curve indicating the shift—either to the right or the left. Label the new equilibrium price and quantity as p2 and q2.
The demand and supply graphs for each of the situations mentioned below are attached. See the meanings of related economic concepts below.
What are the ideas associated with graphs?It is to be noted that Milk is used in the baking of cookies. When milk prices rise, so will the cost of making cookies. The supply curve shifts to the left and becomes narrower. From p1 to p2, the equilibrium price rises, whereas the quantity reduces from q1 to q2.
Flour is used in the baking of cookies. The cost of making cookies will decrease when the price of flour declines. The supply curve increases and travels to the right. The equilibrium price decreases from p1 to p2, whilst the quantity increases from q1 to q2.
The interactions described above are responses to the Principles of Demand and Supply:
The rule of supply and demand combines two fundamental underlying notions that explain how price changes affect supply and demand for a resource, commodity, or product. As prices rise, so does supply, while demand falls. When prices fall, supply contracts while demand expands.
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I am currently still in 8th grade, but I want to be a pilot when I grow up. I was thinking is it wrong to study about how being a pilot right now so it can be easier in the future? I want to be prepared and I know it’s still early, but should I?
Answer:
you should if thats your dream go for it its no harm in tryin to get prepared for your future
Explanation:
the less (fewer) substitutes for a good: group of answer choices the lower the price elasticity of demand the higher the price elasticity of demand the lower the cross elasticity of demand the higher the cross elasticity of demand the higher the income elasticity of demand
When there are fewer or less substitutes for a good, the demand for the good is less price elastic. So the correct answer option to this question is (a) i.e. ‘the lower the price elasticity of demand’.
The elasticity of demand refers to the degrees to which demand for goods changes in response to substitutions. The less the availability of competitive substitutes for certain goods means the lower the price elasticity of demand for the goods.
For example, the availability of several alternatives to hamburgers, such as pizza, zinger burger, and salads, make the demand for hamburgers relatively higher price elastic. Whereas, oil and gasoline have no close competitive substitutes and are vital for the transportation and power equipment. Thus, both oil and gasoline offer lower price elasticity of demand.
While the other options are incorrect because:
The higher the price elasticity of demand means that there are several alternative substitutes for goods available.The lower the cross elasticity of demand means that two goods are more complementary to each other.The higher the cross elasticity of demand means that two goods are substitutable.The higher the income elasticity of demand refers to the concept that the demand for a good fluctuates with the income of consumers.You can learn more about elasticity of demand at
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Do you think consumer should be expected to take into account the ethical track record of companies when making a purchase why or why not
Given the significant impact that consumer decisions can have on communities and businesses, customers should be required to consider the ethical standing of businesses.
How can you tell if a company is ethical?Most businesses make their codes of conduct and ethics accessible to their clients online. Once again, this is typically located towards the bottom of their home page, close to or below any links to "About Us," "Help," or other pages. It may be more difficult to locate this information for some businesses.Ethical consumerism is a type of political activity that holds that people who shop in marketplaces implicitly consume both the commodities and the processes that go into making those goods. Consumption, from the standpoint of ethical consumerism, is a political act that supports the ideals reflected in a product's production.Particularly, if customers continue to support an unethical business, it will generate more goods and worsen the situation in the neighborhood.Learn more about consumer here:
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bly and ahmik are partners in a sandwich shop. they have been struggling for the last couple of years and, finally, decide to close the sandwich shop and dissolve the partnership. during the winding-up process, ahmik spends most of his time pursuing his next venture, so bly is handling most of the work involved in collecting and preserving partnership assets and paying the debts of the partnership. if bly requests payment for his services in winding up the partnership:
If by requests payment for his services in winding up the partnership: he is not entitled to these payments because it is part of his duty as a partner.
What is a partnership?This is the term that is used to refer to the business arrangement that is made up of two people or more that would decide to set up a business for profit sake. Both of these people when they open the business are going to share in all of the liability that would go on in the business. They would share in its profit, its loss and also in all of its legal deeds.
It is not okay to have by request for the payment here because they both were in the arrangement to have the business and its operation. Hence what ever is going on is part of what has to do with the business deal that a partnership entails.
Therefore we would say that If by needs a payments for the services rendered he is not entitled to the payments.
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in a chase strategy, if the forecasted demand in november is 1,800 units, and there are 24 working days in november, how much inventory should be held at the end of october if the goal is 10 days’ supply?
If the goals is 10 days supply, the inventory that should be held at the end of October is 750 units. It can be calculated by divided 1800 unit by 24 days to find the minimum inventory unit per days.
Inventory also known as stock can be defined as the materials and goods that a business holds for the ultimate goal of resale, production or utilisation. Inventory management also can be defined as a discipline primarily about specifying placement and the shape of stocked goods. Inventory can be defined as several types, such as raw materials and components, finished goods and maintenance, work in progress, and also repair and operating supplies.
Inventory unit per days = 1800 unit : 24 days
Inventory unit per days = 75
Inventory unit for 10 days supply = 10 x 75 unit - 750 unit
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If a benevolent social planner chooses to produce less than the equilibrium quantity of a good, then?.
If the planner chooses to produce less than the equilibrium then the value placed on the last unit of production by buyers exceeds the cost of production.
What is equilibrium?
Economic equilibrium, as used in economics, is a state in which forces such as supply and demand are in balance and the values of economic variables will not change in the absence of external influences. Equilibrium, for instance, happens when the quantity demanded and the quantity given are equal, as in the classic text perfect competition.
In this context, market equilibrium refers to the situation in which a market price is set through competition in such a way that the quantity of goods or services demanded by buyers and the quantity of goods or services provided by sellers are equal. This pricing, which is frequently referred to as the competitive price or market clearing price, tends to remain constant barring changes in supply or demand. The quantity is known as the "competitive quantity" or market clearing quantity. Economic equilibrium, however, also holds true in imperfectly competitive marketplaces and takes the form of a Nash equilibrium.
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If a benevolent social planner chooses to produce less than the equilibrium quantity of a good, then?
Luna company accepted credit cards in payment for $6,000 of services performed during july. The credit card company charged luna a 4 percent service fee; it paid luna as soon as it received the invoices. Required based on this information alone, what is the amount of net income earned during the month of july?.
The net income earned is $240
A company's net earnings are referred to as net income. It is calculated by taking the sum of the receipts less the sum of the costs. Taxes, business expenses, interest payments, fees, and depreciation are only a few examples of the several items that go under the umbrella phrase "total expenditure. Net income is used to calculate the earnings per share for shareholders.
1.
Dr. Account Receivable $5,760
Dr. Service charges $240
Cr. Service revenue $6,000
2.
Dr. Cash $5,760
Cr. Accounts receivable $5,760
Working Notes
Assuming all the sales are performed on the account first Then cash is received after the issuance of the invoice.
Service revenue $6,000
Less: Credit card expenses $ (240)
Net income $5,760
Service charges = $6,000 x 4% = $240
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Which of the following are examples of variable costs? Select all that apply.
labor
rent
raw materials
utilities
Raw materials and labor are the examples of variable costs. An expense that fluctuates in relation to production output or sales is referred to as a variable cost. Variable costs rise in response to rising production or sales, and fall in response to falling output or sales.
Raw materials, piece-rate labor, production supplies, commissions, shipping expenses, packing costs, and credit card fees are a few examples of variable costs. Over a given time frame, fixed costs are constant. Depending on the company's output, variable costs may go up or down. Rental fees, taxes, and insurance are some instances of fixed costs. Commission, and credit card fees are a few examples of variable costs.
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without engaging in international trade, candonia and lamponia would have been able to consume at the after-trade consumption bundles. (hint: base this question on the answers you previously entered on this page.) true
The given statement of international trade, candonia and lamponia.is false.
What do you mean by International trade?
International trade is the exchange of capital, products, and services across international borders or territories because goods or services are required or desired.
Specialization refers to countries' proclivity to specialise on specific things that they exchange for other commodities rather than manufacturing all consumer goods themselves. Due to the fact that the PPF production possibilities border shows that production is unfeasible, Freedonia and Lamponia were forced to engage in international trade. Both countries can consume the commodities that they make. When a country is proficient in manufacturing a good, it can do so at a lower opportunity cost than its trading partner. Both countries profit from competing and trading with one another in order to maintain their comparative advantage.
Hence, the statement which is given is false.
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Employees at the blue cat lodge marina work part-time during the off-season, mainly performing maintenance on the boats and upgrades to the guest lodges. As summer approaches, the marina enacts ________ change by increasing employees to full-time hours due to the summer-time tourist season.
Employees at the blue cat lodge marina work part-time during the off-season, mainly performing maintenance on the boats and upgrades to the guest lodges. As summer approaches, the marina enacts adaptive change by increasing employees to full-time hours due to the summer-time tourist season.
An employee is a person working under the supervision or control of an employer. An employee employed by an employer. An employee works for an employer under an express or implied contract of employment that gives the employer the right to direct the employee's duties.
Employees are people who receive wages or salaries from their employer, but employees are not necessarily paid. Employees include contractors and volunteers and do not have to be employed, but employees have legal status.
Treat your employees like you treat your customers just because they are your company's greatest asset. Customers may be the reason your company or business continues to shine, but without the dedication and hard work of your employees, you won't get them.
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now, try to determine the dpmo associated with a stay at a hotel for the following scenarios. for each scenario, you should assume that the manager took a random sample of 100 customers. the process manager defined seven categories of defects corresponding to the seven stages of the service delivery process: hotel reservation, check-in, room cleaning, room supplies, tv, room service, and checkout. there were 200 customer complaints related to the seven categories of defects. what is the dpmo of this process? alternatively, assume that the process manger divided the seven categories into 33 specific types of defect opportunities that have occurred. there were 200 customer complaints related to the 33 defect opportunities. what is the dpmo of this process now? the process manager decided to add 10 other types of defect opportunities to the list of 33, even though these 10 defects have never occurred and are highly unlikely to occur. what is the dpmo of this process now? do we want dpmo to increase or to decrease? what happens to dpmo if we include opportunities for defects that never occur?
A quantitative calculation known as the defects per million opportunities (DPMO) measures the estimated process quality.
The required details for DPMO in given paragraph
A quality attribute that does not meet its specifications (for example, strength, width, or response time) is referred to as a defect. DPMO is conveniently expressed as opportunities per million units: Less than 3.4 faults per million opportunities are experienced by processes that are deemed highly capable (such as Six Sigma procedures) (or services provided).
It should be noted that reporting faulty parts per million (DPM) is different from defect parts per million (DPMO), which takes into account the likelihood that a unit under inspection may have numerous flaws of the same type or multiple types of defects.
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the appropriation to the state library system (fiscal year starts july 1) for fiscal 2018 was $15,000,000. on december 31, 2017, its budget reports showed expenditures of $7,500,000 and encumbrances outstanding of $500,000. quarterly allotments were as follows: q1—$3,750,000; q2—$4,500,000; q3—$3,750,000; and q4—$3,000,000. what was the status of system operations at that point?
The purpose of a budget report is to provide feedback on how closely the budget and actual performance align. It helps in identifying things whose values have significantly deviated from expectations.
above budget by $550,000.
What does a budget report serve?
Businesses can contrast their actual spending with what was budgeted for using budgeting reports, often known as "budget reports." You design your budget for a specific time period, and then your budgeting report at the conclusion of that time period reveals how much you actually spent.
What serves as the basis for the budgeting process?
The federal budget process gives the executive and legislative branches the tools they need to weigh conflicting requirements and policies at the national level, set priorities, allocate resources to those objectives, and guarantee that laws are carried out in accordance with those priorities.
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assume you deposit $4,400 at the end of each year into an account paying 10.5 percent interest. requirement 1: how much money will you have in the account in 24 years? (enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. round your answer to 2 decimal places (e.g., 32.16).) annuity future value $ requirement 2: how much will you have if you make deposits for 48 years? (enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. round your answer to 2 decimal places (e.g., 32.16).) annuity future value $
The future value of deposit amount $4,400 made at the end of each year will be $460,104.76 and $5,504,123.80 for 24 years and 48 years respectively.
Information given-
Annual deposit (A) = $4,400
Interest rate = 10.5%
Requirement 1: Number of years is 24
To calculate future value, following formula will be used,
FV= {A*[1+i] ^n-1}/i
Future value (FV) = {4,400*[(1.105) ^24]-1}/0.105
Future value (FV) = $460,104.76
Requirement 2: Number of years is 48
Future value (FV) = {4,400*[(1.105) ^48]-1}/0.105
= $5,504,123.80
The price of a liquid assets at a point in the future depending on a presumed growth rate is known as future value (FV). Investment professionals and financial planners are concerned with future value since it helps them approximate how much an amount deposited today would be valued in the future.
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apex enterprises spent a large amount of money to customize a pumping system it bought many years ago. a supplier is now offering a new pumping system that will save the company money in the long term. however, apex decides to keep the older system because it has already spent so much money on the older system. what type of bias is this an example of?
Well, this is an example of sunk-cost bias. It refers to such investment which has already been incurred and can never be recovered.
So, in the following example, if a company or a business organization has already spent some amount of money on the investment and new technology is brought into the market. The investor will not spend the amount on new technology keeping "sunk-cost bias" in context because the cost he has spent in buying the precious commodity can not be incurred.
In business, fixed and sunk costs are two distinct categories of expenses. Given that it cannot be adjusted or changed, a sunk cost is always a fixed cost. However, it is not a sunk cost because a fixed cost can be halted, such as by the sale or return of an asset.
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Select the correct answer. mike wants to buy a sleeping bag for a camping trip. he finds one that costs $52.75 with a 25% discount. how much will he pay for it? a. $13.19 b. $39.56 c. $65.94
He'll shell out $39.56 to purchase a sleeping bag for a camping vacation.
The correct option is B.
What does a product being discounted mean?Any price reduction a seller offers for their good or service is referred to as a "sales discount" in general. Having stated that, the phrase has certain connotations in particular situations. For instance, the phrase typically refers to a price decrease a company makes in exchange for a customer's early payment in accounting.
Why is the sale price significant?Discount pricing is a strategy used by businesses to sell low-cost goods in large quantities. With this method, it's crucial to cut expenses while maintaining competitiveness. Due to their ability to make large purchases in bulk, large merchants can effectively use a discount pricing approach by requesting price reductions from suppliers.
According to the given data:Given:
Original costs = $52.75
discount = 25%
discounted price = original price - (original price * discount / 100)
Putting the values into the formula we get:
discounted price = 52.75 - (52.75 * 25)/100
discounted price = 52.75 - 13.187
discounted price = $39.56
He will pay $39.56 for sleeping bag buying for a camping trip.
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What term is used to describe the process of eliminating a dimension of a data cube, such as might be done when summarzing product sales by quarter into total annual sales?.
The term that used to describe the process of eliminating a dimension of a data cube, such as might be done when summarizing product sales by quarter into total annual sales is data reduction.
Data reduction can be described as a process of reducing the amount of capacity required to store data. Data reduction can reduce costs and increase storage efficiency. Storage vendors will often describe storage capacity in terms of effective capacity and raw capacity, which refers to data after the reduction. here are at least four types of Non-Parametric data reduction techniques, such as:
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In its purest form, technology represents the application of science to solve problems and to perform tasks. discuss how the use of the mobile app that outsurance has developed will give the organisation a competitive service advantage
It is true that technology represents the application of science to solve problems and to perform tasks. Therefore, the use of the mobile app that OUTsurance has developed will give the organization a competitive service advantage.
The application that OUTsurance has developed has given the company competitive service advantage by bridging the gap between the policy holders and the insurers.
By using this application, insurance agents can help the customers more efficiently. Hence, they have been able to close the requests much faster.
This application has also made it easy for the customers to review their policies and contact the agents on a go.
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suppose economists found that in 2006 factories were at 80 % 80% capacity, in 2007 they were at 70 % 70% capacity and in 2008 they were at 60 % 60% capacity. when this information became publicly available
Suppose economists found that in 2006 factories were at 80 % 80% capacity, in 2007 they were at 70 % 70% capacity and in 2008 they were at 60 % 60% capacity. when this information became available the aggregate demand will shift left.
The total quantity of demand for all final goods and services generated in an economy is measured as aggregate demand. The overall amount of money spent on those products and services at a particular price level and time is known as aggregate demand.
The entire amount of funds spent on those merchandise and services at a particular price point and time is referred to as aggregate demand. All consumer products, physical capital, exports, imports, and government spending make up aggregate demand.
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typically, modern developed countries have gone through three stages. initially countries have most of the population involved in ▼ ideas agriculture services entrepreneurship industry . secondly, much of the population moves to ▼ entrepreneurship ideas services industry agriculture . finally, there is a shift toward ▼ entrepreneurship services ideas agriculture industry .
The answer in the correct order is
AgricultureIndustryServices.Normally, present-day evolved countries have gone thru three tiers in their production technique.
In these nations, to start with, the majority of the populace changed into concerned with agriculture. The financial system changed into agriculture-primarily based.
Then in the later stages, the economic system moved from agriculture to industries. most people in the populace have become worried about industries.
Then, in the end, the population shifted from industries to the offerings quarter. Most of the population now could be concerned in the services area.
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suppose that asarta inc. is polluting yucko and they have been tasked with cleaning up some of their waste. if they are cleaning up q tons of yucko, then they are cleaning
Their cleaning effort will be mapped as follows
No, since the MB is more than the MC,Yes, since the MB is more than the MC andIt is not the case since the MC should come before the MB.This is further explained below.
What is pollution?Generally, The release of toxic substances into the natural environment is what we refer to as pollution.
These potentially hazardous substances are referred to as contaminants. Natural elements, such as ash from volcanoes, are one kind of pollutant.
Human activity, such as the production of garbage or runoff from industries, is another potential source of these compounds. Air, water, and soil all suffer when pollutants are present in sufficient amounts.
The act of introducing toxins into natural environments, which then induce changes for the worse, is referred to as pollution.
Any material or kind of energy may be considered to be a source of pollution. The elements that makeup pollution are known as pollutants, and they may take the form of either man-made chemicals or energies or naturally existing contaminants.
In conclusion, They are not making enough of an effort to clean up because of the MB>MC.
Because the MC is greater than the MB, the answer to all the other possibilities that cut across is yes.
No, since the MB is more than the MC,Yes, since the MB is more than the MC andIt is not the case since the MC should come before the MB.Read more about pollution
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dake corporation's relevant range of activity is 3,100 units to 6,500 units. when it produces and sells 4,800 units, its average costs per unit are as follows:
For Drake Corporation Average Cost per Unit of Direct materials $6.70 Direct labor $3.10 Variable manufacturing overhead $1.75. One more unit will cost $11.55 ($6.70+3.10+1.75).
The total amount of product costs incurred to make 4,800 units will be calculated as:
Direct materials = 4800 x 6.70 = 32,160
Add: Direct labor= 4800 x 3.10 = 14880
Add: Variable manufacturing overhead = 4800 x 1.75 = 8400
Therefore, the Total product cost will be:
= 32160+ 14880 + 8400
= $55,440
Total product cost for 4800 units will be = $55,440
Average costs per unit units will be = $55,440/4800
=$11.55
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you have found three investment choices for a one-year deposit: apr compounded monthly, apr compounded annually, and apr compounded daily. compute the ear for each investment choice. (assume that there are 365 days in the year.) (note: be careful not to round any intermediate steps less than six decimal places.)
If the three investment options have the same apr, choose the one that compounded daily since its effective annual interest rate is the biggest among those three options.
The formula for EAR of Effective Annual interest Rate is:
EAR = (1 + r/n)ⁿ - 1
Where:
r = apr or annual interest rate
n = number of compounding periods (in a year)
Option 1: Compounded annually
EAR = r
Option 2: Compounded monthly
EAR = (1 + r/12)¹² - 1
Option 3: Compounded daily
EAR = (1 + r/365)³⁶⁵ - 1
The more the compounding periods, the bigger EAR.
For example, let apr = 10%.
Then:
Option 1: Compounded annually
EAR = 10%
Option 2: Compounded monthly
EAR = (1 + 0.1/12)¹² - 1 = 10.47%
Option 3: Compounded daily
EAR = (1 + 0.1/365)³⁶⁵ - 1 = 10.52%
Hence, if the three investment options have the same apr, choose the one that compounded daily.
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the green building process begins with project conception and ends when: question 2 options: a) schematic design is completed b) the certificate of occupancy is obtained c) the project is recycled d) construction documents are completed
The green building process begins with project conception and ends when: c) the project is recycled
What is green building process?A building's life cycle, from site selection to design, construction, operation, maintenance, renovation, and deconstruction, should be as resource- and environmentally-conscious as possible. This is known as "green building." The traditional concerns of economy, utility, durability, and comfort are expanded and complemented by this practise in building design. Another name for a green building is a sustainable or high-performance structure.
The overall negative effects of the built environment on both human health and the environment are minimised by green buildings by:
Water, energy, and other resources are used effectively.Improving worker productivity while safeguarding occupant health.Reducing pollution, waste, and damage to the environment.Green building constantly improves a project from the moment the idea first occurs to the time it is either reused for a new purpose or it is demolished and hopefully recycled. Contrary to conventional design, which does not involve all trades in every step of the process throughout the project's life cycle.
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what are some of the explanations for the tremendous variation between countries in terms of how well they provide prosperity for society and economic growth for their citizens?
Countries can trade for the goods and services they produce relatively less effectively while specialising in the ones they do well. Long-term economic growth will be greater for nations that can trade and specialise more.
What is Economic growth ?According to Investopedia, "economic growth is a rise in the production of economic goods and services, when contrasted from one period of time to another."
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the model of a decision support system (dss), or business intelligence (bi) system, typically adapts its processes based on the degree of accuracy of each prior decision. this type of processing can be called
In a model of a decision support system or business intelligence system that typically adapts its processes based on the degree of accuracy of each prior decision, this type of processing can be called an artificial intelligence.
What is an artificial intelligence?As a technology, an artificial intelligence refers to the ability of a computer or robot to perform given tasks commonly associated with intelligent beings. It is often associated with project of developing systems with an intellectual processes characteristic of humans like ability to reason, discover meaning, generalize, learn from past experience etc.
In conclusion, the main impact of an artificial intelligence on business are that its save time & money by automating and optimizing the routine processes and tasks.
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washington memorial hospital has just been informed that a private donor is willing to contribute $5 million per year at the beginning of each year for 15 years. what is the current dollar value of this contribution if the discount rate is 6 percent?
The current dollar value of the contribution made in the form of annuity is $517,063.08
Amount of annuity (a)= $5,000,000
No of years (n) = 15
Rate of interest (r) = 0.06
Present value = a *[1-(1/1+r) ^n]/r
= $517,063.08
An annuity is a type of insurance contract that is approved and dispersed by banking institutions with the purpose of paying out initial investment funds at a later date in the form of a predictable cash flow. Annuities are procured or decided to invest in by investors who a regular income in future. Investors earn the return at a particular rate of interest.
Annuities which are receive d at the beginning of the period are called annuity due whereas those annuities which are received at the end of the period are called ordinary annuity.
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