The due date should be set to approximately 31.775 weeks.
To determine the due date for the project, we need to find the number of weeks by which we want to limit the late completion probability. In this case, the potential contractor wants just a five percent chance of finishing late.
To calculate this, we can use the normal distribution and the concept of z-scores. The z-score represents the number of standard deviations away from the mean a particular value is.
Since the average time to complete a project of this type is 40 weeks, we want to find the z-score that corresponds to the 5th percentile, which is a probability of 0.05. This is because the contractor wants a 5% chance of finishing late, which means they want to be on or before the due date 95% of the time.
To find the z-score, we can use a standard normal distribution table or a calculator. The z-score corresponding to the 5th percentile is approximately -1.645.
Next, we need to calculate the due date by adding the z-score times the standard deviation to the mean. In this case, the standard deviation is 5 weeks.
Due date = Mean + (z-score * standard deviation)
Due date = 40 + (-1.645 * 5)
Due date ≈ 40 - 8.225
Due date ≈ 31.775
Therefore, the due date should be set to approximately 31.775 weeks.
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which of the following assumptions does not imply an informationally efficient market? group of answer choices securities prices adjust rapidly to reflect new information many profit-maximizing participants, each acting independently of the others, analyze and value securities the timing of one news announcement is independent of other news announcements the risk-free rate of return exists, and investor can borrow and lend unlimited amounts at the risk-free rate
The assumption that timing of one news announcement is independent of other news announcements does not necessarily imply an informationally efficient market.
What is a market?A market is a place where buyers and sellers come together to exchange goods or services. It can also refer to the overall demand for a particular product or service in a given area. Markets can be physical locations like a farmer's market or a shopping mall, or they can be virtual spaces like an online store. In a market, buyers and sellers negotiate prices and quantities of goods or services to reach an agreement that satisfies both parties. Markets can be influenced by factors such as consumer preferences, competition, and economic conditions. Successful businesses often conduct market research to better understand their target audience and to stay informed about changes in the market.
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every person's and every economy's standard of living relies on the effective use of . (enter one word in the blank.)
The word that fills the blank is "resources." The effective use of resources is fundamental to sustaining and enhancing standards of living for individuals and economies.
Every person's and every economy's standard of living relies on the effective use of resources. Resources refer to the various inputs and assets available for production and consumption, including natural resources, labor, capital, and technology.
The effective utilization of resources is crucial for achieving higher productivity, economic growth, and improving living standards. Natural resources such as land, minerals, and energy sources are necessary for the production of goods and services. Labor, representing the human workforce, contributes skills, knowledge, and effort to the production process.
Capital, including physical infrastructure and financial resources, enables businesses to invest in machinery, equipment, and technology to enhance productivity. Technological advancements further enhance resource efficiency and innovation.
By efficiently allocating and managing these resources, individuals, businesses, and economies can optimize production, increase output, and generate higher incomes. This, in turn, supports improved living standards, access to goods and services, and overall economic well-being. Therefore, the effective use of resources is fundamental to sustaining and enhancing standards of living for individuals and economies.
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Sales revenue $ ???? cost of goods sold 537000 sales returns and allowances 37000 gross profit ???? net sales 854000 the missing amounts above are: sales revenue gross profit
The missing amounts are: Sales Revenue: $891,000, Gross Profit: $317,000. Sales Revenue = Cost of Goods Sold + Sales Returns and Allowances + Gross Profit. The given information was used to calculate the missing amounts accurately.
The missing amounts in the given information can be calculated as follows:
1. Sales Revenue: To find the sales revenue, we need to add the cost of goods sold, sales returns and allowances, and the gross profit.
Sales Revenue = Cost of Goods Sold + Sales Returns and Allowances + Gross Profit
Sales Revenue = $537,000 + $37,000 + Gross Profit
2. Gross Profit: Gross profit is calculated by subtracting the cost of goods sold from the net sales.
Gross Profit = Net Sales - Cost of Goods Sold
Gross Profit = $854,000 - $537,000
Now, let's substitute the known values back into the equations:
Sales Revenue = $537,000 + $37,000 + Gross Profit
Gross Profit = $854,000 - $537,000
To solve these equations, we need to isolate the missing variables.
Let's start with the Gross Profit equation:
Gross Profit = $854,000 - $537,000
Gross Profit = $317,000
Now, substitute the value of Gross Profit into the Sales Revenue equation:
Sales Revenue = $537,000 + $37,000 + $317,000
Sales Revenue = $891,000
Therefore, the missing amounts are:
Sales Revenue: $891,000
Gross Profit: $317,000
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what annual interest rate would you need to earn if you wanted a 2175 per month contribution starting 1 month from toda
Assuming a fixed period of 10 years, the annual interest rate required to earn a $2175 monthly contribution starting one month from today is approximately 6.98%.
To determine the annual interest rate required to earn a $2175 monthly contribution starting one month from today, we need more information about the duration of the contributions and the compounding frequency.
Assuming that the contributions will continue for a fixed period and are compounded monthly, we can use the formula for the present value of an annuity to solve for the interest rate:
PV = PMT x [(1 - (1 + r/12)^(-n)) / (r/12)]
Where PV is the present value of the annuity, PMT is the monthly contribution, r is the interest rate (in decimal form), and n is the number of months.
Substituting the given values, we have:
PV = $2,175 x [(1 - (1 + r/12)^(-12)) / (r/12)]
Solving for r, we can use trial and error or an iterative method to find the interest rate that makes the present value of the annuity equal to zero.
Assuming a fixed period of 10 years, the annual interest rate required to earn a $2175 monthly contribution starting one month from today is approximately 6.98% (rounded to two decimal places). However, the exact interest rate required would depend on the duration of the contributions and the compounding frequency.
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mickey wants to buy a new 50-inch tv to put in his bedroom. he has already narrowed down his choices to sony, panasonic, and sharp. he compares these three on four attributes: picture brightness, resolution, weight, and sound quality. (his dad is going to pay for it, so price is no object.) he then develops the following table. (all ratings and importance weights are measured on 10-point rating scale like the example discussed in lecture.) which tv is mickey most likely to buy?
Mickey will most likely buy Panasonic TV. Using the multi-attribute model Mickey will choose to eat based on which restaurant has the highest total weighted rating.
Sony's total weighted rating = (3 x 8) + (9 x 10) + (8 x 4) + (8 x 5) = 24 + 90 + 32 + 40 =186 Panasonic's total weighted rating = (6 x 8) + (8 x 10) + (5 x 4) + (9 x 5) = 48 + 80 + 20 + 45 = 193 Sharp's total weighted rating = (9 x 8) + (6 x 10) + (5 x 4) + (7 x 5) = 72 + 60 + 20 + 35 = 187 Panasonic has the highest total weighted rating so the correct answer is B.
Consumers frequently go through a few steps while determining whether to buy anything before deciding. Discover the definition and hierarchy of the five stages of decision-making that every customer goes through when selecting a product.
Consumers choose products depending on which ones meet their needs the best, and to reduce the danger of making poor investments, they make sure there are no better choices available.
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Consider a simple economy that produces only pies. The following table contains information on the economy's money supply, velocity of money, price level, and output. For example, in 2019, the money supply was $360, the price of a pie was $9.00, and the economy produced 800 pies.
The velocity of money in 2019 based on the information will be 20 and the nominal GDP is $7200.
From the complete information, the velocity will be calculated thus:
= Price level × Quantity / Quantity of money
= (9 × 800) / 360.
= 20
The nominal GDP will be:
= Price level × Quantity
= 9 × $800
= $7200
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Describe factors that encourage conspicuous
consumption by the purchase of status sym-
bols.
Veblen's initial thesis said that better social standing and peer recognition were the two key factors influencing ostentatious consumption.
Conspicuous consumerism is the act of acquiring things or services specifically with the intention of flaunting one's affluence. When publicly exhibited products and services are too expensive for other people in a person's class, conspicuous spending is a way to demonstrate one's social position.
What is the conspicuous consumerism theory?
Conspicuous consumption is defined as. Displaying extravagant riches in order to improve one's standing and reputation in society is known as conspicuous spending.To Learn more about conspicuous consumption, click the links
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What might be an advantage of using credit
Help PLEASE!!!
Joel works as a customer service representative in an electronics store. A customer has a complaint regarding a technical aspect of the computer
he bought from the store two weeks ago. Although Joelis familiar with the specifications of the computer, he is fully equipped to help the
customer with the complaint. Assuming that Joel possesses good customer service skills, which action should he toket
A. use the internet to find the required information and help the customer
B. ask the customer to wait while he has a meeting with his manager
C. help the customer contact the store's engineer who can provide help regarding technical issues
D. ask all members of his staff whether they have a solution to the customer's problem
E. politely tell the customer that nobody could possibly solve the problem
Answer: C
Explanation: since she is customer support the obvios (god i cant spell sometimes) thing to do is connect them to a engineer who can help them. you could also do process of elimination A: they probaly did search the internet already B: why the manager? wouldnt someone like an engineer have better insight on this? C: Engineers have the most expertise in this area so they can help fix the problem. D: sure this could help but its not as sure as asking the engineer
ANSWER: C
Joel being as a customer service representative in an electronics store shall help the customer contact the store's engineer who can provide help regarding technical issues. Option C is correct.
What is Customer Service Representative?Customers who have inquiries, requests, or concerns regarding goods or services they have received from the business are assisted by a customer service representative.
At every stage of the process, they give priority to the demands of the clients and offer solutions that are tailored to those unique circumstances.
Essential Characteristics of an Outstanding Customer Service Representative has problem-solving abilities. The most important trait for providing outstanding customer service is problem-solving, followed by clear communication, friendliness, empathy, business savvy, goods knowledge, and strong time management.
Thus option c is correct.
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(a) Name at least two kinds of assets that may be increased by
revenues.
(b) Name at least two kinds of assets that flow out (or are
used) or liabilities that are incurred by expenses.
Different kinds of assets that may be increased by revenues in which the assets that may be generates from the sales or services by the company.
(a) Two kinds of assets that may be increased by revenues are:
1. Accounts receivable: When a company generates revenue from sales or services but has not yet received the cash payment, it records the amount as accounts receivable. This represents the right to receive payment from customers in the future.
2. Cash: Revenue received in the form of cash directly increases the cash asset. Cash is a liquid asset that the company can use for various purposes such as paying expenses, investing, or expanding operations.
(b) Two kinds of assets that flow out (or are used) or liabilities that are incurred by expenses are:
1. Accounts payable: When a company incurs expenses for goods or services received on credit, it creates an accounts payable liability. This represents the amount owed to suppliers or creditors, which needs to be paid in the future.
2. Prepaid expenses: Certain expenses, such as prepaid insurance or prepaid rent, are paid in advance but are gradually used up over time. As these expenses are consumed or used, the prepaid asset decreases, reflecting the portion that has been utilized.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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A brewery wants its ads displayed to men ages 21-45 when penalties occur during sports games, and wants to segment its audience based on fans of particular sports. How should the brewery efficiently set up this campaign
The brewery efficiently should set up this campaign by: Using a Face-book Marketing Partner.
Who is a Marketing partner?Marketing partner are companies or organization that specialized in marketing or advertising products for people so as to generate sales for them.
Based on the given scenario the brewery should efficiently set up this campaign by using face-book marketing partner as this market partner are expert when it comes to advertising product for companies or individuals.
Inconclusion the brewery efficiently should set up this campaign by: Using a Face-book Marketing Partner.
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A new business is likely to need what bank service(s)? *
Answer:
Checking Account tell me if i'm wrong
Explanation:
In two or three sentences, explain why real GDP per capita does not reflect the actual distribution of wealth.
Answer:
Real GDP per capita shows the level of output in a country divided equally by the number of people living in a country. But, in reality, output may not be distributed equally among everyone in the country.
Explanation:
HELP PLEASE!!!
what is the outcome when a person defaults on a home loan?
A. the person goes to jail.
B. the bank will make the person work a second job.
C.the bank will take the person's car.
D.the bank will foreclose on the home.
Answer:
D.the bank will foreclose on the home.
Explanation:
The bank may even sue and garnish wages and financial accounts. The bank may even serve a conversion of accetts.
Land labor capital on strawberries
Besides the shift of jobs to foreign countries, outsourcing has other drawbacks such as __________.
a) inadequate supply of labor for the number of products that need to be produced
b) lack of low-cost technical talent to produce products
c) inadequate supply of natural resources close to factories
d) questionable safety and quality issues with finished products
Besides the shift of jobs to foreign countries, outsourcing has other drawbacks such as questionable safety and quality issues with finished products.
Outsourcing can introduce challenges related to maintaining safety standards and ensuring product quality. When production processes are moved to external vendors or countries with different regulations and standards, there is a risk of compromised safety measures and quality control. This can be due to variations in manufacturing practices, inadequate oversight, or lack of adherence to established quality assurance protocols. These issues can impact the reliability and consistency of the finished products, potentially leading to customer dissatisfaction, product recalls, or even safety hazards. It's important for companies engaging in outsourcing to carefully assess the capabilities and reputation of their outsourcing partners, establish robust quality control mechanisms, and maintain clear communication and monitoring processes. By addressing these concerns proactively, companies can mitigate the risks associated with safety and quality issues and ensure that the outsourced products meet the expected standards of safety and quality.
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using the risk management model, what would be the appropriate impact classification of production equipment failure?
The appropriate impact classification of production equipment failure in the risk management model would depend on the specific organization and its operational context.
The impact classification of production equipment failure can vary depending on factors such as the nature of the business, the criticality of the equipment, and the potential consequences of failure. In the risk management model, the impact classification assesses the severity or magnitude of the impact that an event or risk can have on the organization's objectives. It may include considerations such as financial losses, operational disruptions, reputational damage, safety hazards, and customer dissatisfaction. To determine the appropriate impact classification for production equipment failure, organizations need to assess the potential consequences in terms of these factors and determine the level of impact it would have on their operations and objective
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A _________________ is an amount due from another party.
Answer:
A receivable is an amount due from another party.
Explanation:
A receivable is an amount due from another party. Receivable means payment not being realised.
What does the word receivable mean?The word receivable refers to the payment not being realised. This means that the company must have extended a credit line to its customers. Usually, the company sells its goods and services both in cash as well as on credit.
When a company extends credit to the customer, the sale is realised when the invoice is generated, but the company extends a period for the customers to pay the amount after some time. The period could vary from 30 days to a few months. Account Receivables (AR) are treated as current assets on the balance sheet. Let's understand AR with the help of an example. Suppose you are a manufacturer of M/S XYZ Pvt Ltd and you manufacture tyres. Accounts receivable is the amount owed to a company resulting from the company providing goods and/or services on credit.
The term trade receivable is also used in place of accounts receivable.
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Question 1 in the plan stage of the data life cycle, what decisions would a data analyst make? select all that apply. 1 point what kind of data is needed how the data will be managed how the data will be analyzed who will be responsible for the data
In the plan stage of the data life cycle, a data analyst would make the following decisions:
What kind of data is needed
How the data will be managed
Who will be responsible for the data
These decisions are important to ensure that the data is collected and managed in a way that will support the analysis that needs to be done, and that the right people are involved in the process.
The decision on how the data will be analyzed is typically made in the next stage of the data life cycle, the analyze stage.
In the plan stage of the data life cycle, a data analyst would typically make decisions related to the planning and design of the data project. Specifically, they would make decisions related to:
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concentration ratio: % part 3 (0.3 point) which industry is more concentrated? choose one: a. college dining hall food services b. coffee shops c. neither is bigger.
To determine which industry is more concentrated, we can compare the concentration ratio of college dining hall food services and coffee shops.
The concentration ratio is a measure of the percentage of the market share held by the largest firms in an industry. A higher concentration ratio indicates a more concentrated industry. Based on available data, it is difficult to definitively say which industry has a higher concentration ratio, as it varies depending on the region and specific market.
However, it can be generally observed that coffee shops, especially with the presence of large chains like Starbucks and Dunkin', tend to have a higher concentration ratio than college dining hall food services, which are often operated by a variety of companies and organizations. So, we could say that the coffee shop industry is more concentrated than the college dining hall food service industry.
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PLS HELP ME
the subject is economics
Assests - Item owned that could be sold for cash.
Goal - Target or Result which is desired.
Liabilities- Money owed.
Long term Goal -A desired result that maybe attained in more than a year.
Net worth- The amount you've minus the amount you owe
Short term Goal -A desired result that maybe attained in less than a year.
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Identify at least five different Marketing, Sales, and Service or Transportation, Distribution, and Logistics careers that you could pursue in your home state, and choose the three that appeal to you the most. Out of the three, write a one-page essay describing which one would be your career choice and the educational pathway that you would have to follow in order to obtain that career Finally, identify at least three colleges, universities, or training programs that are suited to that career choice. You can use the following resources to help you:
Answer:
Five careers within the Marketing, Sales, and Service cluster or the Transportation, Distribution, and Logistics cluster that would be interesting to me are pilot, aerospace engineering and operations technician, marketing manager, real estate broker, and assessor. Of those careers, the ones that would be best suited to my skills and abilities are marketing manager, pilot, and real estate broker.
I would be interested in becoming a real estate broker, because it would give me a chance to work with people, helping them buy and sell property. I could help them negotiate prices, closing costs, and other factors between the buyer and seller. I would need to know how to use a computer to upload lists of properties for sale. In order to do all of this, it would be important to have great customer service, interpersonal, negotiation, persuasion, communication, critical thinking, and computer skills.
To prepare for this position, it wouldn’t be necessary to go to college, but I think it would be helpful to get at least a bachelor’s degree. I could attend the University of Pennsylvania, where I could study economics or business. I could attend the University of Illinois Urbana–Champaign, where I could study finance and specialize in real estate. I could also consider attending the University of Florida, where I could get a minor in real estate or complete a master’s degree in business administration with a concentration in real estate.
After completing my education, I would be prepared to start my own business and hopefully make over the median salary of $57,360 each year.
Explanation:
How much yearly revenue does soccer brings in?
Answer:
Soccer is a sport which gets majority of its revenue from television rights and tournament sponsors.
The Men’s World Cup tournament is known by the governing body, FIFA to generate more money than any other tournament. FIFA was believed to have earned more than $6 billion in its last organized men’s tournament.
This translates that the total revenue soccer brings in is in the region of hundreds of billions of dollars.
Capitalism encourages businesses to be more efficient to compete successfully on:.
Given what we know, we can confirm that capitalism encourages businesses to be more efficient to compete successfully on the price and quality of the product.
Why does capitalism encourage this competition between businesses?This is due to the fact that through capitalism, there are more entities offering the same service. This means that consumers will have to choose where to buy.This will be based on the price and quality of the service or product. Therefore, businesses are forced to compete in these areas to attract customers.Therefore we can confirm that capitalism encourages businesses to be more efficient to compete successfully on the price and quality of the product in order to attract the limited amount of consumers for a product that is offered by many companies.
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what are the importance of store
Answer:
to get a source of our need
Answer:
Importance of Store-Keeping: The cost of materials is one of the largest elements of cost. Proper storing of materials is very important to prevent losses from damage, pilferage, and deterioration in the quality of materials.
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New production technology that lowers the cost of production will result in:
the supply curve shifting to the left
the supply curve shifting to the left
the supply curve shifting to the right
the supply curve shifting to the right
no change in the supply curve
no change in the supply curve
decrease in demand quantity
decrease in demand quantity
The correct answer is: the supply curve shifting to the right. When there is a new production technology that lowers the cost of production, it typically leads to an increase in the supply of goods or services.
This means that producers are able to supply more at each price level. As a result, the supply curve shifts to the right.
A rightward shift of the supply curve indicates that producers are willing and able to supply a larger quantity of goods or services at each price. This is because the lower production costs make it more profitable for producers to supply greater quantities of their products.
Therefore, the correct statement is that a new production technology that lowers the cost of production will result in the supply curve shifting to the right.
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Which of the following parts of a business plan include the cash flow projection and profit and loss projection?
One to two sentences, explain what happens to a production possibilities curve if a natural disaster creates a scarcity of a key resource needed to make a product. Explain why this happens.
A natural disaster causing a scarcity of a key resource necessary for production will result in a shift inward or to the left of the production possibilities curve.
This occurs because the reduced availability of the key resource limits the economy's ability to produce the affected product, leading to a decrease in overall production capacity.
As a result, the economy's production possibilities are constrained, and it is forced to operate at a suboptimal level.
The scarcity of the key resource disrupts the balance between the production of different goods, leading to a decrease in potential output.
The economy will need to allocate its limited resources and adjust its production mix accordingly, potentially focusing on alternative products or finding substitutes for the scarce resource in order to maximize production under the new constraints imposed by natural disaster-induced scarcity.
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