A hotel pays the phone company $100 per month plus $0.25 for each call made. During January 6,000 calls were made. In February 5,000 calls were made.

Exercise 2-31 Part 2

2. Calculate the cost per phone call in January and in February. (Round your answers to 3 decimal places.)

Answers

Answer 1

To calculate the cost per phone call in January and February, we need to determine the total cost for each month and divide it by the respective number of calls made.

In January:
Fixed cost = $100
Variable cost per call = $0.25
Number of calls = 6,000
Total cost in January = Fixed cost + (Variable cost per call × Number of calls)
Total cost in January = $100 + ($0.25 × 6,000)
Total cost in January = $100 + $1,500
Total cost in January = $1,600
Cost per phone call in January = Total cost in January / Number of calls
Cost per phone call in January = $1,600 / 6,000
Cost per phone call in January = $0.267
In February:
Fixed cost = $100
Variable cost per call = $0.25
Number of calls = 5,000
Total cost in February = Fixed cost + (Variable cost per call × Number of calls)
Total cost in February = $100 + ($0.25 × 5,000)
Total cost in February = $100 + $1,250
Total cost in February = $1,350
Cost per phone call in February = Total cost in February / Number of calls
Cost per phone call in February = $1,350 / 5,000
Cost per phone call in February = $0.270
Therefore, the cost per phone call in January is $0.267, and the cost per phone call in February is $0.270.

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Related Questions

The practice of combining the price of several products into one price is called
A.bundling.
B.unit packaging.
C.market mix.
D.product mix.

Answers

Answer:D.product mix.

Explanation:

a. by how much will gdp change if firms increase their investment by $12 billion and the mpc is 0.90?

Answers

The change in GDP if the MPC is 0.90 and the level of investment is $12 billion, is $120 billion.

The change in GDP which may be as a result of a change in the investment spending can be thus found by the given formula:

= Increase in investment × Multiplier

The multiplier can be founded by the formula:

= 1 / (1 - MPC)

= 1 / ( 1 - 0.9)

= 10

The change in GDP is therefore:

= 12 billion x 10

= $120 billion

If the MPC is 0.90, the multiplier is:

= 1 / ( 1 - 0.90)

= 10

Thus, the change in GDP would be:

= 12 billion x 10

= $120 billion

Hence, the change in GDP if MPC is 0.90 and the level of investment is $12 billion, is $120 billion.

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Controling does not require any process comment

Answers

what’s the question?

Skip Ownby earns $80,000 per year. The deductions from his weekly
paycheck are:FIT of $247.48, SIT of $68.22, medical insurance of $98.00,
Social Security, and Medicare. What is Skip's net pay for a week? Write
answer as $#.###.##*

Answers

Answer:

$1,007.07  

Explanation:

Skip's annual income is $80,000.00

Weekly earning will be $80,000 divide by 52

=$80,000/52

=$1,538.46

Weekly deductions

Social security = 6.2% x $1,538.46= $95.38

Medicare= 1.45% x 1,538.46 =$22.31

FIT =$247.48,

SIT =$68.22,

Medical insurance =$98.00

Total deductions =($95 .38 + $22.31 + $247.48+$68.22+98.00)

=$531.39

Net pay will be $1,538.46 - $531.39

=    $1007.07  

If u were signing papers and it asks u "does applicant identity as transgender" what would that mean?
Also what is a social security number?

Answers

Answer:

if u was a boy or a girl and turned in to a man and a boy turned into a girl

a bank card

1 transgender is where people change genders like a girl turns into a boy and it just the company asking you questions about yourself so they can prevent lawsuits and stuff

2 a social security number (SSN) is to basically verify that you live in the USA it come in numbers like 111,111,1111 you get it when you are born USA
I don’t know if other countries do this

On December 31, 2020, Conchita Martinez Company signed a $1,000,000 note to Sauk City Bank. The market interest rate at that time was 12%. The stated interest rate on the note was 10%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales, Conchita Martinez’s financial situation worsened. On December 31, 2022, Sauk City Bank determined that it was probable that the company would pay back only $600,000 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,000,000 loan.


1. Instructions: Complete the note amortization table


Date


Cash Received


Interest Revenue


Discount Amortization


Discount Balance


Carrying Value


2. Instructions: Provide the net realizable presentation of the notes receivable as it would appear on the December 31, 2022 balance sheet.


12/31/2022

Answers

This is based on the assumption that Conchita Martinez Company will not pay all of the principal amount of the note.

1. Here is the completed note amortization table:

|  Date        |    Cash Received    |   Interest Revenue | Discount Amortization | Discount Balance | Carrying Value |

| Dec. 31, 2020 |  -| $100,000| $60,000| $940,000  | $1,000,000 |

2. The net realizable value of the note receivable as it would appear on the December 31, 2022 balance sheet is $200,400, which is the discounted future cash flow that Sauk City Bank expects to receive from Conchita Martinez Company at maturity.

The carrying value of the note receivable on that date is $600,000, which is the face amount of the note less the unamortized discount of $399,600, or ($940,000 - $200,400 - $600,000). The net realizable value is used to indicate the current fair value of an asset on the balance sheet.

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2. List three interpersonal skills that sales associates need.

Answers

Answer:

problem solving, communication, organizational

Explanation:

these help you be the best business associate there is.

if a driver fails to provide proof of responsibility (insurance), what might be a consequence? select all that apply.

Answers

If a driver fails to provide proof of responsibility (insurance), the following consequences may apply:

Traffic Citation: The driver may receive a traffic citation for failing to carry proof of insurance, which can result in fines, court costs, and increased insurance rates.

Suspension of License: Depending on the state laws, the driver's license may be suspended if they are unable to provide proof of insurance during a traffic stop.

Vehicle Impoundment: In some cases, a law enforcement officer may impound the vehicle if the driver is unable to provide proof of insurance.

Increase in Insurance Premiums: If a driver is found to be driving without insurance, their insurance premium may increase upon renewal, as they are seen as a higher risk to the insurance company.

Legal Liabilities: If the driver is involved in an accident, they may be held liable for damages and medical expenses, which can result in a lawsuit and significant financial losses.

It's important to note that having proof of insurance is a legal requirement in most states, and failing to carry it can result in serious consequences. Drivers should always make sure that they have up-to-date insurance coverage and carry proof of insurance in their vehicle at all times.

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with a given amount of resources, a country with a comparative advantage will produce a product with —

Answers

A country with a comparative advantage will produce a product with the lowest opportunity cost.

A country has a comparative advantage when it produces a good or service with the lowest opportunity cost given its resources.

An example illustrating comparative advantage.

Country X either produce 10 shirts or 20 jeans.

The opportunity cost of producing a shirt = 20 / 10 = 2 The opportunity cost of producing one jean = 10/20 = 0.5

Country B can either produce 100 units of shirts or 10 jeans.

The opportunity cost of producing a shirt = 10 / 100 = 0.1The opportunity cost of producing one jean = 100 / 10 = 10

Country X has a lower opportunity cost and thus a comparative advantage in the production of jeans and should produce jeans.

Country B has a lower opportunity cost and thus a comparative advantage in the production of shirts and should produce shirts.

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The internet offers more than a method to conduct business transactions.It serves as a(n)?

Answers

The internet offers more than a method to conduct business transactions. It serves as a communications highway.

Internet marketing can personalize offers to customers by profiling their purchase history and preferences. By tracking her websites and product information that prospects visit, you can make targeted offers that reflect their interests.

Online businesses rarely take off overnight, nor do they take more than a few years. This is especially true in highly competitive niche markets. If you haven't seen any growth in a year or two, it's probably time to reassess your business model.

Electronic commerce (e-commerce) is the buying and selling of goods and services, or the transfer of funds and data, over electronic networks (primarily the Internet). These commerce transactions are either business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer, or consumer-to-business.

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Explain in words what you understand by the yield curve.
b) Explain in words what you understand by conventional and unconventional monetary policy.
c) Explain in words the advantages and limitations of fiscal policy.
. d) Use the AS-AD framework to analyze the effects of a sharp reduction in oil prices due to a new discovery of renewable resources.

Answers

a) The yield curve is a graphical representation of the interest rates of bonds with different maturities. It plots the relationship between the interest rate (yield) and the time to maturity of bonds.

b) Conventional monetary policy refers to the actions taken by the central bank to control the money supply, interest rates, and stabilize the economy. It includes measures such as adjusting policy interest rates, conducting open market operations, and setting reserve requirements for banks. c) The advantages of fiscal policy include its ability to directly impact aggregate demand and influence economic activity. By adjusting government spending and taxation levels, fiscal policy can stimulate economic growth during recessions or slow down an overheating economy to control inflation.

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*You have a company's balance sheet, its income statement, and its statement of cash flows. Which would you refer to if you wanted to know if a company made or lost money last year? If you wanted to find out how much debt the firm had used to finance its assets? If you wanted to know why its cash balance had changed over the past year?​

Answers

If I wanted to know if a company made a profit or lost money last year I would refer to the Income statement.

If I wanted to find out how much debt the firm had used to finance its assets I would refer to the balance sheet.

If I wanted to know why it’s cash balance had changed over the past year I would refer to the cash flow statement.

40% of sales at supermarkets in the carry the stores' own brand names. 20% of all supermarket sales in carry the stores' own brand names. And in the United States, 14% carry the stores' own brand names. These stores use a __________ strategy to sell other manufacturers' products with their own brand names. generic branding multibranding co-branding private branding multiproduct branding

Answers

Answer:

Private branding

Explanation:

Private branding is defined as the strategy used by mostly retail stores where they put their own brand on products that they sell. It is used on wide variety of products sold by retailers from cosmetics to food.

They are also called store brands or own brands.

In the given scenario the stores are selling other manufacturers' products with their own brand names. This is private branding

A manager pays $300 per month every month for landscape services for his restaurant grounds. Which type of monthly other expense is the amount paid for landscaping

Answers

Controllable and fixed are types of monthly other expenses are the amount paid for landscaping.

What do you suggest through carrier landscape?

landscape services way offerings that result in a capital improvement to land other than systems of any kind in any respect, together with seeding, sodding, or grass plugging of new lawns; planting timber, shrubs, hedges, flowers; and clearing and filling the land.

A landscape includes the bodily elements of geophysically defined landforms including (ice-capped) mountains, hills, water our bodies inclusive of rivers, lakes, ponds, and the sea, dwelling elements of land cover which includes indigenous flora, human factors which include distinct types of land use, buildings, and structures,

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Social security is 6. 2% of your total income. Suppose that your weekly pay is $850. For any given month, what is your total contribution to social security? hint: assume there are 4 weeks in a month. A. $198. 32 c. $208. 95 b. $205. 65 d. $210. 80.

Answers

Answer:

The answer is A.

Explanation: Thank you.

True or false? When creating a budget to repay your student loans, you can
save money by paying only the interest.
O True because paying only the interest reduces the length of the loan and
reduces the total amount you pay in the long-term
True because paying interest means monthly payments will be small
O False because it is not possible to only pay the interest,
O False because paying only interest lengthens the life of the loan and increases
the total amount you pay in the long-term.
Next →
Sign out

Answers

The correct answer choice is; True, because paying only the interest reduces the length of the loan and reduces the total amount you pay in the long-term.

Paying off Student Loans

It follows from study that; while paying off student loans, it usually pays off to pay the interest first. On this note, it follows that the principal of the loan remains constant and hence, compound interest is avoided and consequently, the total amount you pay in the long-term is reduced.

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The requirement that purchases be made from suppliers on an approved vendor list is an example of a A. Detective control. B. Corrective control. C. Monitoring control. D. Preventive control.

Answers

The need that purchases be made from suppliers on an accepted vendor list is an example of a preventive control. The right answer is D.

The goal of preventive controls is to lessen the likelihood of mistakes and fraud prior to they happen, and they frequently center on the idea of separation of roles. Preventive controls are crucial from the perspective of quality since they are proactive and centered on quality.

Preventative measures are intended to be put in place before a threat event in order to lessen the chance and potential consequences of an effective threat event. Policies, norms, protocols, procedures, encryption, firewalls, and physical barriers are a few examples of preventative measures.

The correct answer is option D.

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Movie Manager
Julia Sanchez is the manager of Stanford's traditional Sunday Flicks. Each Sunday a film
has two showings. The admission price is deliberately set at a very low $2. A maximum
of 500 tickets is sold for each showing. The rental of the auditorium is $220 and labor is
$290, including $60 for Sanchez. Sanchez must pay the film distributor a guarantee,
ranging from $200 to $600 or 50% of gross admission receipts, whichever is higher.
Before and during the show, refreshments are sold; these sales average 12% of gross
admission receipts and yield a contribution margin of 40%.
1. On June 3, Sanchez played Forrest Gump. The film grossed $1,500. The guarantee to
the distributor was $500, or 50% of gross admission receipts, whichever is higher.
What operating income was produced for the Students' Association, which sponsored
the showings?
2. Recompute the results if the film grossed $900.
3. The "four-wall" concept is increasingly being adopted by movie producers. In this
plan, the movie's producer pays a fixed rental to the theater owner for, say, a week's
showing of a movie. As a theater owner, how would you evaluate a "four-wall" offer?

Answers

Movie Manager Julia Sanchez is the manager of Stanford's traditional Sunday Flicks. Each Sunday a film has two showings.

Operating income produced for the Students' Association: $548. ($1,048 revenue - $500 distributor guarantee)

Explanation: The Students' Association earned $1,048 in revenue from admissions and refreshment sales. After deducting the $500 distributor guarantee, the operating income amounted to $548.

Operating income produced for the Students' Association: $448. ($1,048 revenue - $600 distributor guarantee)

Explanation: If b the Students' Association earned $1,048 in revenue. With a higher distributor guarantee of $600, the operating income decreased to $448.

Evaluation of "four-wall" offer depends on the fixed rental amount, covering expenses, potential audience, and revenue sources.

Explanation: Assessing the fixed rental amount is crucial to ensure it covers costs like auditorium rental and labor. Additionally, considering the movie's audience potential and revenue from ticket sales and refreshments helps determine the viability of a "four-wall" offer. Other factors like the movie's popularity and market conditions should also be taken into account for a comprehensive evaluation.

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Can Treasury bill be matured for 90 days

Answers

Answer:

Yes

Explanation:

Treasury bills can mature in 90 days depending on the term of issuance.

Generally, treasury bills are considered to be short-term security and are issued for 90-days, 180-days, or a year term. They are often sold for an amount that is less than their face values and at maturity, the government buys the treasury bills back at an amount that is equal to the face values of the bills.

Treasury bills are issued as means for the government to pay off off their debts.

Answer:

Yes, Treasury bill can be matured for 90 days.

place rock unit events in order.
3. (Note: The surface is not a layer. It is ground-level, complete with happy little trees.) \( \mathrm{A} 3 \) Homework \( - \) Unanswered Place the rock units events in order from oldest on bottom t

Answers

To place the rock unit events in order from oldest to youngest, we need to consider the principle of superposition, which states that in an undisturbed sequence of rock layers.

1. Homework: This event is the most recent one as it is mentioned last in the given list.2. A3: This event is mentioned before Homework, suggesting that it occurred earlier than Homework.3. Unanswered: This event is mentioned before A3, indicating that it happened before A3.Therefore, the correct order from oldest to youngest is: Unanswered → A3 → Homework.we need to consider the principle of superposition, which states that in an undisturbed sequence of rock layers, the youngest rocks are on top, while the oldest rocks are at the bottom.

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For each of the following scenarios, identify the number of firms present, the type of product, and the appropriate market model.

1. There are hundreds of colleges and universities that serve millions of college students each year. The colleges vary by location, size, and educational quality, which allows students with diverse preferences to find schools that match their needs.

Number of firms:
a. One
b. Few
c. Many

Type of product:
a. Unique
b. Anything
c. Identical
d. Differential

Market Model:
a. Oligopoly
b. Perfect competition
c. Monopolistic Competition
d. Monopoly

2. In a large city, two taxi companies own all the licenses that the city will grant to operate taxis. Consumers don't care which cab company they take- if they decide it's worth taking a cab, they flag down the nearest one.

Number of firms:

a. One
b. Few
c. Many

Type of product:
a. Unique
b. Anything
c. Identical
d. Differential

Market Model:
a. Oligopoly
b. Perfect competition
c. Monopolistic Competition
d. Monopoly


3. The government has granted a patent to a drug company for an experimental AIDS drug. That company is the only firm permitted to sell the drug.

Number of firms:
a. One
b. Few
c. Many

Type of product:
a. Unique
b. Anything
c. Identical
d. Differential

Market Model:
a. Oligopoly
b. Perfect competition
c. Monopolistic Competition
d. Monopoly

Answers

Answer:

1.

c. Many

d. Differential

c. Monopolistic Competition

2

b. Few

c. Identical

a. Oligopoly

3

a. One

a. Unique

d. Monopoly

Explanation:

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants  

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms.

An example of a monopoly is a utility company

It is only the drug company that is permitted to sell the drug. So, it is the only firm in the industry. Also, it is the only firm that offers experimental AIDS drug, so its product is unique.

An Oligopoly is when there are few large firms operating in an industry. In the cab industry, it is a duopoly that exists. This is a type of oligopoly where there are only two firms in the industry. Consumers do not care about the cabs they enter or the different services offered by the companies, so, the product is identical

1. Number of firms: Option c. Many

Type of product: Option d. Differential

Market Model: Option c. Monopolistic Competition.

In this type of opposition, there are many firms selling the commodities. The demand trajectory for this will be downwards.

Examples are utility, grocery store, restaurants etc.

2. Number of firms: Option b. Few

Type of product: Option c. Identical

Market Model: Option a. Oligopoly

When several huge organisations operate in an area then it is called oligopoly.

For example taxi industry, the customer does not mind about alike products but rather about their services.

3. Number of firms: Option a. One

Type of product: Option a. Unique

Market Model: Option d. Monopoly

When the business is ruled and administered by a single organisation is called a monopoly.

The outputs can be unique in the case when it is the only firm in the domain like drug manufacturing companies for AIDS.

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Will zero-interest-bearing note payable that is issued at a discount result in interest expense being recognized?

Answers

Yes, a zero-interest-bearing note payable that is issued at a discount will result in interest expense being recognized. When a note payable is issued at a discount, the difference between the face value of the note and the amount received is recorded as a discount on notes payable. This discount is then amortized over the life of the note, resulting in an interest expense being recognized.

For example, if a company issues a $1,000 zero-interest-bearing note payable at a discount for $900, the company will record a $100 discount on notes payable. This discount will then be amortized over the life of the note, resulting in an interest expense of $100 being recognized.

Therefore, even though the note is technically a zero-interest-bearing note, the discount results in an effective interest rate and an interest expense being recognized.

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Kaylin works in the Manufacturing career cluster. The daily tasks of her career involve looking at ways that her company is at risk for causing problems to the health of its workers. She also analyzes those problems and comes up with solutions to implement.



What job does Kaylin most likely have?

Occupational Health and Safety Specialist
Environmental Science and Protection Technician
Quality Control Analyst
Product Safety Engineer

Answers

Answer:

A-Occupational Health and Safety Specialist

Explanation:

Occupational Health and Safety Specialist. Hence, option A is appropriate.

What is the meaning of Health?

A state of complete physical, mental, and social well-being is referred to as health. A balanced diet and consistent exercise are necessary for a healthy life cycle. Additionally, one needs to maintain appropriate hygienic practices, live in a decent shelter, and get adequate sleep.

Your lifestyle should include a commitment to good health. A healthy lifestyle can aid in the prevention of chronic diseases and debilitating conditions. Your self-esteem as well as self-image depend on how you feel about yourself and how well you take care of your physical and mental well-being. Living a healthy lifestyle means taking care of your body.

Personal health is divided into five categories: physical, emotional, social, spiritual, and intellectual.

The WHO Constitution defines "health" as "a condition of complete physical, mental, and social well-being and not only the absence of disease or disability." Balanced health is based on five pillars: activity, diet, sleep, stress reduction, and social interaction. While we can borrow from or swap out part of the balance in one area for another, when we take too much of too many of these fundamentals, our general health begins to deteriorate.

Hence, option A is correct.

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5 Ayesha is a business adviser. Her financial year ends on 30 September. She provided the following trial balance at 30 September 20-3: $ Capital $ Drawings 15200 125000 Premises 95 000 Office equipment Fees from clients 21600 Insurance 3110 Printing and stationery 2480 Wages Office expenses 59 650 3120 Rent receivable Trade receivables 6150 6000 9510 Bank overdraft Cash 65950 150 206460 206460 Prepare Ayesha's income statement for the year ended 30 September 20-3 and a statement of financial position at 30 September 20-3.​

Answers

From the income statement, the net profit is $49,870(loss), the total assets is $181,250 and the total liabilities is $125,000

What is the income statement

Fees from clients: $21,600

Expenses:

Wages: $59,650

Rent: $3,120

Office expenses: $3,110

Printing and stationery: $2,480

Insurance: $3,110

Total expenses: $71,470

Net profit: $21,600 - $71,470 = -$49,870 (Loss)

Statement of Financial Position at 30 September 20-3:

Assets:

Premises: $95,000

Office equipment: $6,000

Rent receivable: $6150

Trade receivables: $6,000

Bank overdraft: $65,950

Cash: $150

Total assets: $181,250

Liabilities:

Drawings: $125,000

Capital:

Capital balance: $15,200

Total liabilities and capital: $181,250

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Document your approach for collecting requirements for the project. Include at least five technical requirements and five non technical requirements in a requirements traceability matrix. Also develop a list of at least five questions you would like to ask the project sponsor. Let your instructor answer them for you, if applicable

Answers

Requirements Traceability Matrix: Technical Requirements | Non Technical Requirements 1. Develop a user-friendly website design. | 1. Create user profiles that store personal information.
2. Ensure website is optimized for mobile devices. | 2. Develop an easy checkout process.
3. Develop a content management system. | 3. Ensure compliance with applicable regulations.
4. Integrate third-party payment systems. | 4. Develop a customer loyalty program.
5. Ensure website is secure and protected from unauthorized access. | 5. Ensure website is accessible to all users.
Questions for Project Sponsor:
1. What is the overall goal of this project?
2. What type of user experience are you looking for?
3. What is the timeline for completion of the project?
4. What kind of budget do you have for this project?
5. What kind of feedback would you like to receive throughout the project?

These questions will help the project sponsor provide important information such as the overall goal, timeline, and budget for the project. They will also help the project sponsor provide feedback and input on the user experience and other requirements.

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Current market prices reflect all information contained in past price movements. True or false?.

Answers

This statement is true .Current market prices reflect all information contained in past price movements.

What are Price Action ?

In general, price action refers to changes during a security's price over time.A chart are often given various appearances to help traders see price action trends more clearly. this is often particularly true when examining data from several historical periods.

Price action is the foundation for technical analysis formations and chart patterns.Moving averages and other technical analysis techniques also are derived from price activity and extrapolated into the future to guide trades.Although many of us predict future prices using price activity, past price action doesn't guarantee future outcomes.

What is market price?

The market value is the current price at which a good or service can be purchased or sold. The market value of an asset or service is determined by the forces of supply and demand; the price at which quantity supplied equals quantity demanded is the market price.

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how has smartphones product changed the way business is conducted? What business innovations have occurred as a result of this product being offered?

Answers

answer amd explanation: i think smartphones are a distraction.

outplacement assistance is/are career and personal programs designed to develop the job-hunting skills and strategies of employees being laid off or terminated. question 7 options: true false

Answers

The given statement is True. Outplacement assistance is a career and personal program designed to develop the job-hunting skills and strategies of employees who have been laid off or terminated.

What is outplacement assistance?

Outplacement assistance is a program designed to help employees who have been laid off or terminated. This program assists them in developing new job-hunting skills and strategies as they look for new job opportunities. It is designed to help them get back on their feet and back into the job market quickly and successfully.

Job-hunting skillsThe skills that are important in job hunting are communication, interpersonal skills, networking, problem-solving, and organizational skills. These skills can help job seekers find a job faster than someone who lacks these abilities. Having these skills makes job seekers more attractive to potential employers.

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20 points Match each of the following amounts to appropriate economic item.

1. 3.3 trillion

2. 1.1 trillion

3. 28 trillion

a. total expenditures
b. national debt
c. current deficit
d. spending on defense
e. spending on income security

Answers

Answer:

ɪ ᴅᴏɴᴛ ᴋɴᴏᴡ

ᴛᴀᴍᴏᴅ ᴛᴀᴍᴏᴅ ᴛᴀᴍᴏs

Which of the following statements about industry lifecycle is false? Select one: During the growth stage of the market life cycle, customers are more likely to establish brand loyalty than in other stages. As markets mature, application for patents increase. As markets mature the magnitude of differentiation and cost leadership advantages among competitors decrease. Prices are lower in the growth stage compared to the introduction stage due to economies of scale and learning effects.

Answers

Answer:

During the growth stage of the market life cycle, customers are very likely to establish brand loyalty.

Explanation:

Industry life cycle

This explains the stages or cyles from beginning to end of a product in a market. Some products go through these stages. It consists of four stage which are

1. introduction

2. Growth

3. Maturity

4. Decline

Growth stage

The characteristics of this stage is that product or brand finds its way or gains market acceptance sales start to rise, Competitive reaction will determine life expectancy of the product and sales promotion and distribution play a vital role in this stage. It is the period when sales are increasing at their fastest rate.

The statement above is false due to the fact that In the growth stage of market life cycle, the primary objective is to buildup consumer preferences for the specific brands. A lot of this needs to be considered and put in place such as strong brand recognition, differentiated products, and the financial resources to support a variety of value-chain activities such as marketing and sales, and research and development.

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