Answers
Answer:
True
Explanation:
Allocation the action or process of allocating or distributing something.
Answer:
It's True
Explanation:
On edge 2021
Related Questions
One instance of a political or legal trend is the maturing of the "Millennials" cohort in
the United States.
True
False
Answers
True. The maturing of the "Millennials" cohort in the United States is an instance of a demographic trend, which can have political and legal implications as this generation becomes a larger portion of the population and gains more influence in society.
What are MillennialsMillennials are a generation of people born between the early 1980s and the mid-1990s or early 2000s, depending on the source. They are also sometimes referred to as Generation Y. Millennials are known for growing up during a time of rapid technological advancement, globalization, and social change.
They are the first generation to have grown up with easy access to the internet, social media, and smartphones, which has shaped their attitudes, behaviors, and worldview.
The values, beliefs, and priorities of the Millennial generation are likely to shape the political and legal landscape in the years to come.
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Several studies indicate that the use of collaborative research agreement (between several firms, research centers, suppliers, competitors, universities, etc.) is increasing around the world. What are some reasons collaborative research is becoming more prevalent?
Answers
Answer & Explanation: Collaborative research refers to a research or study done by different independent bodies. Take for instance a scientist intends to undertake a study, he sorts the collaboration of a university.
Several benefits exist in collaborative research some of which includes;
1). It creates opportunity for an individual to develop as a scholarly author. This is because in working together the work gets more attention and recognition.
2). It makes the work to be done reduced. Considering the fact that people will handle different aspects of the research, the work per person will be less.
3). There will be variety of techniques. Having people work on same research enhances the research as different techniques are bound to be used to achieve result.
4). It gives room for more creativity. Because of the increased number of people working on the same tasks, diverse ideas will be brought forward, there will be knowledge sharing and this in turn will improve the creativity.
FIND HIM i have big reward also or you can add me king1ev151 and/or king1ev15 (roblox)
Answers
Answer:
ight imma head out w/ my cuffz
Explanation:
Answer:
ok i will add you
Explanation:
Workers at Majestic Manufacturing have won the right to unionize, but management is unwilling to participate in the collective bargaining process and bargain in "good faith." This is a direct violation of the _______Act.
Answers
Answer: National Labor Relations Act
Explanation:
Passed in 1935, this is a fundamental act in United States Labor law that grants private sector employees the right to join Unions and engage with employers in Collective Bargaining to better their employment conditions. This act even gave the employees the right to strike if their demands are not meant.
Most relevant is that in Section 8 of the Act, it is made clear that when an Employer refuses to engage in Collective Bargaining with the representative of their employees, that this is an unfair labor practice and under the Act, is considered to be illegal.
If you found that two $400 HD televisions were missing, explain which financial statements you would correct and how. Be specific as to accounts and amounts.
Answers
The financial statements to correct with regard to the two missing $400 HD televisions are the Income Statement and the Balance Sheet.
The accounts affected are Ending Inventory and Cost of Goods Sold on the expenses side and the Retained Earnings account on the revenue side.The costs of the two missing HD televisions will reduce the Ending Inventory by $800 ($400 x 2), thereby increasing the Cost of Goods Sold for the period by $800.The necessary adjustments will also reduce the Retained Earnings by $800.Thus, finding that two $400 HD televisions were missing would definitely affect the two financial statements.
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Which of the following is not an example of a multichannel retailer?
Answers
Answer:A
thats the one
Explanation:
McDonals is the example of multichannel retailer as the company is providing burgers and fries to its different outlets and in diffrent food ordering sites in many countries.
What is multichannel retailer?The technique of selling similar products over multiple channels and platforms is known as multichannel commerce.
The platforms can be both online and offline, with different channels such as brick and mortar stores, online stores, mobile stores, and mobile app stores.
Thus, McDonals is the example of multichannel retailer.
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5. If this person wanted to change his deductions so he could have more money for rent, which
taxes or deductions should he change? Explain why with a specific reason. Think about which
taxes affect or help you the most.
Answers
If this person wants more money for rent, they could consider adjusting their deductions for housing-related expenses, such as mortgage interest.
One specific deduction they could change is the deduction for mortgage interest. By increasing their mortgage interest deduction, they could potentially lower their taxable income and reduce their overall tax liability. This would result in more disposable income that could be allocated towards rent.
The mortgage interest deduction allows taxpayers to deduct the interest paid on their mortgage loans. By increasing the amount of mortgage interest they can deduct, the person can potentially lower their taxable income and decrease the amount of taxes owed. This would free up more money that could be used to cover the cost of rent.
It's important to note that individual circumstances and tax laws vary, so it is advisable for this person to consult with a tax professional or accountant to fully understand their options and ensure compliance with tax regulations.
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Members of 67 countries attended a conference on economic development hosted by an international organization based in Gent, Belgium. Attendees of the workshop learned about techniques designed to assist countries in expanding their degree of economic development. Emerging markets act as manufacturing bases for global Miltinationals Enterprises because of ________.
Answers
Answer:
High availability.of cheaper labour
Explanation:
An emerging market is defined as one that does not meet the standards of a fully developed market. For example in the area.of labour cost there is no standard set for it.
So companies can get cheap labour from these economies.
Companies like Apple and Nike have used cheap labour from emerging countries to reduce their cost of production.
Manufacturing bases are established in relatively poorer economies where the workers are willing to work for cheap wage
Read Kearney: 3D printing and the future of the US economy
3D printing could bring millions of manufacturing jobs back to US shores and set off a fresh wave of economic growth across several industrial sectors. Thoughtfully targeted government support could significantly accelerate realization of these economic gains.
Please analyze the economic impact of the 3D printing technology on the economy. Discuss the major benefits of using 3D printing and costs associated with it.
Answers
Up to 42% of manufacturing in the automotive, consumer goods, healthcare, medical device, and aerospace industries might be impacted by 3D printing.
What is 3D printing?The process of building a three-dimensional object from the CAD model or digital 3D model is known as 3D printing. It may be done via a number of techniques in which material is brought together, usually layer by layer, and then deposition, joining, or solidification are all controlled by computers.
The primary benefits of 3D printing are cost reduction, waste reduction, time reduction, competitive advantage, error reduction, secrecy, and manufacturing on demand.
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Select the correct answer from each drop-down menu.
Choose the correct business reason from the options provided.
Johanna and her business partners have just purchased the NBA franchise in her hometown. The team's performance has been average and attendance is starting to decline
First, she would need new sources of revenue in order to rebuild the team roster. Since she is facing declining ticket sales, the opportunities for
be limited Under the terms of the purchase, the sellers retired the name of the stadium, which had been named after the person who built it. Johanna sees an immediate
Raising ticket prices may
opportunity in selling the stadium naming rights
Answers
The correct business reason for Johanna to consider would be to sell the stadium naming rights. Johanna and her business partners have just purchased the NBA franchise in her hometown. This means that Johanna would need new sources of revenue to rebuild the team roster and turn the situation around. The correct answer will be to sell the stadium naming rights
Since she is facing declining ticket sales, the opportunities for revenue generation would be limited. This is where selling the stadium naming rights could be a lucrative opportunity for Johanna. The terms of the purchase state that the sellers retired the name of the stadium, which had been named after the person who built it. Therefore, there is an immediate opportunity for Johanna to sell the stadium naming rights.
By selling the stadium naming rights, Johanna would be able to generate new sources of revenue, which could be invested in rebuilding the team roster and improving the team's performance. Additionally, this move could also help in increasing the team's brand visibility and fan engagement. However, it is important for Johanna to carefully evaluate the potential revenue generated from this move against the potential backlash from the fans who may not be happy with the change in the stadium's name. The correct answer will be to sell the stadium naming rights
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Deifention management question
Answers
Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body.
In the simplest of terms, business management refers to the coordination and administration of business activities, tasks, and resources to achieve a set objective. This often involves supervision and training of staff, overseeing core operations, and designing company infrastructure to optimize for the future.
Business management is a crucial part of an organization's success, and every organization in any industry can benefit from a great business manager who has expertise in best practices and relevant processes.
1. If a company becomes its own supplier so it can control its inputs, then it is adopting the ( ).
A. horizontal integration strategy B. retrenchment strategy
C. concentration strategy
D. backward vertical integration strategy
2. Problems arise when errors are made in rejecting candidates who would have performed successfully on the job are called ( ).
A. accept errors B. correct decision C. reject errors
D. accept and reject errors
3. According to Hofstede’s five dimensions of national culture, if people in a country look after their own and family interests, then it is a kind of _____ culture.
A. individualistic B. collectivistic C. achievement D. high power distance
4. In which situation can the following conflicts be functional? Task conflict, relationship conflict, and process conflict.
A. low levels, almost always dysfunctional, low levels
B. low-to-moderate levels, almost always dysfunctional, low levels
C. low levels, low levels, low levels
D. low levels, low levels, low-to-moderate levels
5. Which of the following theories is the best-documented personality-job fit theory. ( )
A. Big five model B. MBTI C. Holland’s theory D. Poter’s five forces model
6. According to Hersey and Blanchard’s situational leadership theory, if employees lack the abilities to do the job, however they’re very willing to do the job, then the manager should adopt ( ) leadership style.
A. telling B. selling C. participating D. delegating
7. In traditional goal setting, the flow of goals is ()
A. from bottom to top B. in horizontal direction
C. in diagonal way D. from top to bottom
8. “Determining what needs to be done, how it will be done, and who is to do it” is the function of ( ). And “motivating, and any other actions involved in dealing with people” is the function of ( ).
A. organizing, leading B. leading, organizing
C. planning, leading D. organizing, planning
9. According to Woodward’s findings on technology and structure, in the following choices, which can mechanistic organization be most effective. ( )
A. unit production B. mass production
C. process production D. none of them
10. Who made contributions to the study of behavioral approach? ( )
A. Frank Gilbreth B. Hawthorne C. Weber D. Henri Fayol
Part B Gap filling (25’)
1. An attitude is made up of three components: ______________, _______________, and ________________. (3’)
2. An employee always arrives late for work, then this behavior (his/her late for work) can be perceived as high in ________________ (select among distinctiveness, consensus, and consistency), and according to the attribution theory, it can be attributed as _____________ caused behavior. (2’)
3. What are the 3 types of communication networks? They are_____________, _______________, and ________________. (3’)
4. In the direction of communication flow, if communication crosses both work areas and organizational levels, then it’s __________________________. (2’)
5. When managers are making decisions, they use a more realistic approach, which means they are limited by their ability to process information, and accept solutions that are good enough. In this situation, they are following a ______________________________ approach. (2’)
6. Adam smith published ________________________________ in 1776. And “father” of scientific management, whose name is ____________________________ published _________________________ in 1911. (3’)
7. Lower-lever managers are more involved in ____________________ problems (choose between structured and unstructured), they usually rely on _____________ decisions (choose between programmed and nonprogrammed). In developing plans, lower-lever managers are often involved in _____________________ (choose between strategic planning and operational planning). And they use ______________ skills (choose from conceptual, human, and technical) more than middle-and-top managers. (4’)
8. If you are a manager in a company, you want to retain competent and high-performing employees, so you can use the HRM activities of __________________________________________, ___________________________________________, and career development. (2’)
9. Organization changes often need someone to act as catalyst and assume the responsibility for managing the change process, that is, a __________________. (2’)
10. What are the five forces in Michael Porter’s five forces model. Please list two of them: __________________, ____________________. (2’)
Part C Short answer questions 5*5
1. What are the 5 methods in overcoming the barriers in communication?
2. What should we do with cash cows according to the BCG Matrix?
3. What is business model? And simply describe the two things it focuses on.
4. What are the 4 moderators in deterring ethical and unethical behavior?
5. Assume two organizations both have 4096 employees. If one organization has a span of four and the other a span of eight. Then how many levels and managers does each organization have.
Answers
Horizontal integration is a business approach when one company expands its operations in an industry at the same rate.
How do horizontal strategies work?A horizontal integration approach is used when a company buys a related company that is at the same level of the value chain as it is and offers a comparable kind of value. The purchased company need not compete directly with the target. When a business expands by acquiring a rival firm in the same sector, this is known as horizontal integration.
What growth plan does horizontal integration have?Many businesses employ the growth strategy known as horizontal integration to get an advantage over their rivals and strengthen their position within their respective industries. By acquiring another business that operates at the same level of the value chain, they accomplish this.
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Gilligan has tired of working in the coffee shop and wants to follow his heart, hoping that the money will follow. Because he always has dreamed of a life on the water, Gilligan has decided to open a retail boat dealership. He expects that many of his sales will be credit sales. Please explain in reasonable detail the steps that Gilligan should take to protect his interests in the collateral in the credit sales that he makes.
Bonus if you answer this, you will get the brainliest.
- Please identify the type of security interest that Gilligan will create with his customers in connection with these credit sales.
Answers
because he was so many days trying to be happy
espero ter ajudado!!!
Please post about a time when your attitude made a positive difference.
Answers
Developing a positive mindset at work can help you achieve success. It has happened for me several times in my career.
One of the instances I'd like to tell is when I was vying for the position of manager in my workplace as an employee.
In a telecom company, I managed the sales department. I had been working there for 7 years with no success; three of the employees put in less time than I did yet managed to get the top position. I was demotivated by the thought that perhaps there is something I am not doing correctly when I repeatedly lost the post to them. Even though my sales figures were strong, luck evaded me in some way.
Since there had been no advancement, it had been ten years. Nonetheless, I never wavered from my commitment to keep trying. I consistently adhered to the fundamentals and worked to become a better seller. My sales started to rise considerably.
Ultimately, the figures were significant enough to turn the proper heads. Finally, I received a promotion, but guess what? It was to the position of Area Retail Head, which is much more important than Manager. While it took ten years, I am still happy with my accomplishments. It's still as delicious as it was before.
Therefore, being positive in all those years, not looking back or getting discouraged paid dividends and made a huge difference in my life.
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What are payroll taxes?
Answers
Answer:
This is all the information I could find.
What does software alone enable a computer to do?
O connect to the Internet
O control processing speeds
O interact with the user
O manage other software
Answers
Answer:
its a
Explanation:
You are buying a new Porsche Boxter, priced at $65,200. You will pay $4,700 now and the rest monthly, in a four-year loan. All rates are monthly compounded APRs. The automobile dealership is offering a sales promotion where either:
You will receive a $2,000 discount cheque now and the annual interest rate on the loan is 6.1%, or
The annual interest rate on the loan will be 1.2% but there is no discount.
Compare the two options by calculating the present value of each option, assuming the discount rate is 8%.
Answers
You are buying a new Porsche Boxter, priced at $65,200.--------------.
Total PV of option 1 is $55,211.85
Total PV of option 2 is$57,645.32
So, according to the calculation of present value with a discount rate of 8%, option 1 is the better option, with a total PV of $55,211.85 compared to option 2's total PV of $57,645.32.
What is price?Price is the amount of money or value that is assigned to a particular product, service, or commodity. It is the exchange value of a good or service in the market, representing the amount of money that a buyer is willing to pay to acquire it, and the amount of money that a seller is willing to accept in exchange for it.
Prices are determined by various factors, such as supply and demand, production costs, competition, market trends, and other economic and social factors.
In the above case, the price of the new Porsche Boxter is $65,200.
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The doctrine of state decisis is a
Answers
Good strategy combined with good strategy execution: Select one: a. Offers a guarantee for avoiding periods of weak financial performance b. Are the two best signs that a company is a true industry leader c. Signal that a company has a superior business model d. Are the most trustworthy signs of good management
Answers
Answer:
d. Are the most trustworthy signs of good management
Explanation:
The strategy refers to the planning through which the company could able to accomplish its goals and objectives within the prescribed time set by the company
The goods strategy mostly achieved the company targets within the standard time set by the company. And if the combination of both the good strategy and execution of the good strategy leads to the sign of good management i.e become trustworthy.
hence, the last option is correct
The following data about Atlantis Trading Inc. is available. What is Atlantis’s cash flow from operating activities? Items Amount ($) Net income 45,000 Increase in stock 5,000 Decrease in accounts receivables 2,000 Increase in salaries payable 10,000 A. $54,000 B. $51,000 C. $53,000 D. $52,000
Answers
Answer:
it's B bro, trust me :)
Explanation:
i took this
Market research can help you strategize your _______ and _______ goals.
Primary research is more _______ than secondary research.
Your first marketing priority is to find out if you can _______ your product or services.
The grouping of people for marketing purposes is called _______.
Once you find out what people want, there’s a need to know the _______ for their choices.
Answers
Market research can help you strategize your business and marketing goals.
Primary research is more specific and tailored to your specific needs than secondary research.
Your first marketing priority is to find out if you can sell your product or services.
The grouping of people for marketing purposes is called segmentation.
Once you find out what people want, there's a need to know the motivations for their choices.
Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.
By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.
Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.
While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.
When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.
Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.
Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.
By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.
Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.
By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.
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What are the primary reasons food producers can increase profits by participating in a local direct market?
They get higher prices and keep all the retail sales.
The local government gives them tax breaks.
The local community supports their efforts with donations.
They save on transportation and travel costs.
Answers
Answer:
What are the primary reasons food producers can increase profits by participating in a local direct market? They get higher prices and keep all the retail sales
Explanation:
A. Suppose that consumers' preferences are well behaved in that properties 4-1 to 4-4 (completeness, more is better, diminishing marginal rate of substitution, and transitivity) are satisfied. Furthermore, assume that both X and Y are normal goods and that the price of good Y decreases. Then, which of the following effects is known with certainty?
Multiple Choice
The income and substitution effects reinforce one another, leading to an overall increase in the consumption of good X.
The income and substitution effects reinforce one another, leading to an overall decrease in the consumption of good X.
The income and substitution effects will have competing effects, leading to an indeterminate impact on the consumption of good X.
The income and substitution effects will reinforce one another, leading to an overall increase in the consumption of good Y.
Answers
The income and substitution effects will reinforce one another, leading to an overall increase in the consumption of good Y is the effect known with certainty .
Option D is correct.
Effect of Marginal substitution :The idea of when one good could be used in place of another good to achieve the same level of satisfaction is referred to as the effect of substitution.
When a preference relation is convex and monotonic, it is said to carry easily. When more of a particular product is favored, this indicates that there is no contentment, and every outcome is, in turn, rational.
A normal good is one that experiences an increase in demand in tandem with an increase in consumers' income levels. In the case of giving away, the common goods are X and Y. If the price of good Y falls, demand for it rises because of the goods of substitution and earnings.
Incomplete Question :
A. Suppose that consumers' preferences are well behaved in that properties 4-1 to 4-4 (completeness, more is better, diminishing marginal rate of substitution, and transitivity) are satisfied. Furthermore, assume that both X and Y are normal goods and that the price of good Y decreases. Then, which of the following effects is known with certainty?
Multiple Choice
A.The income and substitution effects reinforce one another, leading to an overall increase in the consumption of good X.
B.The income and substitution effects reinforce one another, leading to an overall decrease in the consumption of good X.
C.The income and substitution effects will have competing effects, leading to an indeterminate impact on the consumption of good X.
D.The income and substitution effects will reinforce one another, leading to an overall increase in the consumption of good Y.
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⦁ Give me an example of how you have demonstrated safe work practices.
Answers
An example of safe work practices is cleaning and maintaining equipment and tools.
Safe work procedures are instructions on how to execute work in a safe manner and are essential for all hazardous jobs performed at your business. They identify dangers and explain what has to be done to remove or reduce risks.
Cleaning and maintaining equipment and tools properly can help to avoid accidents and injuries, as well as costly repairs. One method is to keep a cleaning and maintenance routine. Make a record of all equipment in use, noting important areas that require inspection.
Therefore, maintenance of equipment is how we can demonstrate safe work practices.
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Equipment and tool maintenance and cleaning are two examples of safe work practices.
All hazardous operations carried out at your company must follow safe work procedures, which are guidelines for how to carry out work in a safe manner. They point out risks and describe what has to be done to eliminate or lessen them.
Proper equipment and tool maintenance can reduce the risk of accidents, injuries, and expensive repairs. Maintaining a cleaning and maintenance schedule is one strategy. Make a list of all the equipment that is in use, noting any crucial locations that need inspection.
As a result, maintaining the equipment is how we can show safe working practices.
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You have learned concepts: 1) Histogram, 2) Pareto Analysis, 3) Cause and Effect Diagram and 4) Control Impact Matrix from watching the video. Explain how you can apply concepts 1, 2, 3, and 4 by using a real-world example (it can be a problem that you have, had encountered, or make up a scenario.). Save your work in a pdf file. Click on the assignment link below to upload your work via attachment (zero points for non-pdf file). Assignment worth 20 pt. Due: by the posted deadline per course calendar.
Answers
An example of real-world cases where Histogram, Pareto Analysis and others mentioned tools in the question can be used is A Report from Microsoft which states that " that of 80% Crashes that occurs in Windows is due to the 0.4 part of the detected bugs in the whole system .
What are the usefulness of the tools like Histogram, Pareto Analysis?Pareto analysis serves as one that stand on the premised that to achieve the benefit worth 80% of a project, one would need to do at least the 20% of the work.
Histogram on the other hand is a graphing tool which is s tool like impact matrix and can be used to give the summary of a data.
Hence, with the above tools , some of real word problems can be analyzed.
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What statement is true of SMART goals?
It only applies to short-term goals.
It refers to goals that you select as top priority.
They align your goals to the direction in which you want to go.
It only applies to long-term goals.
Answers
They align your goals to the direction in which you want to go.
A 2015 New York Times article described Amazon as “a soulless, dystopian workplace where no fun is had and no laughter heard” (Cook 2015 n.p.). Employees themselves came to the company’s defense (Ciubotariu 2015). Does this reputation continue to haunt Amazon, or has it been addressed?
Answers
Amazon was accused to be an organization that is boring and work-intensive with hardly any fun.
This directly meant that the work culture of
Amazon is not favorable for the employees and is negatively associated with the work culture that is considered to be positive for the employees.
This had resulted in strong counter-arguments from the Amazon emplovees themselves and there were discussions and debates around the working culture of Amazon.
Amazon has since then been open about their work culture and the ways in which they foster the growth of the company using their superior working culture. Amazon has come up with one of the best possible working cultures in the world and their work practices are in fact the ones that are employee-centric to ensure that their employees work with their utmost productivities.
Hence, the reputation of Amazon being a bad place to work has been diminished significantly, and in fact, Amazon today happens to be one of the best places to work, thus. Showcasing the quality of work culture present with the company and its employees. Hence, Amazon has developed a wok culture supporting their employees.
6. Determine the estimated sales if 40 contacts are made. 17. FILE A recent article in Bloomberg Businessweek listed the "Best Small Compa- nies." We are interested in the current results of the companies' sales and earnings. A random sample of 12 companies was selected and the sales and earnings, in millions of dollars, are reported below. Company Papa John's International Applied Innovation Integracare Wall Data Davidson & Associates Chico's FAS X Sales Earnings ($ millions) ($ millions) $89.2 18.6 18.2 71.7 58.6 46.8 $4.9 4.4 1.3 Company Checkmate Electronics Royal Grip M-Wave Serving-N-Slide 8.0 6.6 Daig 4.1 Cobra Golf X M Sales Earnings ($ millions) ($ millions) $17.5 11.9 19.6. 51.2 28.6 69.2 $2.6 1.7 3.5 8.2 6.0 12.8 Let sales be the independent variable and earnings be the dependent variable. a. Draw a scatter diagram. b. Compute the correlation coefficient. c. Determine the regression equation. d. For a small company with $50.0 million in sales, estimate the earnings. orting in several rec
Answers
a The scatter diagram is attached .
b The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
b The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
d If a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
How to explain the workingEnter the data into a spreadsheet.
Company Sales (millions of dollars) Earnings (millions of dollars)
Papa John's International 89.2 18.6
Applied Innovation 18.2 4.4
Integracare 71.7 1.3
Wall Data 58.6 4.9
Davidson & Associates 46.8 4.6
Chico's FAS 42.0 2.6
Checkmate Electronics 36.0 2.2
Royal Grip 30.0 1.7
M-Wave 24.0 1.5
Serving-N-Slide 18.0 1.3
Daig 12.0 1.1
Cobra Golf 6.0 0.8
Step 2: Use the "Scatter" function to create a scatter diagram.
The scatter diagram shows that there is a positive linear relationship between sales and earnings.
Use the "Correlation" function to calculate the correlation coefficient.
The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
Use the "Regression" function to calculate the regression equation.
The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
Substitute 50 for x in the regression equation to calculate the estimated earnings.
When x = 50, y = 0.09 * 50 + 2.2 = 41.2.
Therefore, if a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
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Following is partial information for Delamunte Industries for the month of August: Work In Process Balance, August 1 $ 41,000 Direct materials used 75,000 Direct labor 120,000 Manufacturing overhead applied (based on direct labor cost) 90,000 Jobs finished during August are summarized here: Job # Cost of Jobs Completed 234 $ 58,000 237 65,000 231 74,500 246 67,500 Required: At the end of August, only one job, Job 248, was still in process. The direct labor cost incurred on Job 248 as of August 31 was $24,000. 1. Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August. 2. Determine the balance in Work in Process at the end of August. 3. Determine how much of the direct materials cost and applied overhead would be recorded for Job 248 as of August 31
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1. The calculation of the predetermined overhead rate applied to jobs during August is 75% of direct labor costs ($90,000/$120,000).
2. The balance in the Work in Process account at the end of August is $61,000.
3. The amounts of direct material cost and applied overhead recorded for Job 248 as of August 31 are $19,000 and $18,000, respectively.
Data and Calculations:Work In Process Balance, August 1 $ 41,000
Direct materials used 75,000
Direct labor 120,000
Manufacturing overhead applied (based on direct labor cost) 90,000
Total costs incurred = $326,000
Finished Jobs during August:Job # Cost of Jobs Completed
234 $ 58,000
237 65,000
231 74,500
246 67,500
Total costs of finished jobs = $265,000
Work in process balance = $61,000 ($326,000 - $265,000)
Job in Process: Job 248:Direct labor cost incurred = $24,000
Applied overhead = $18,000 ($24,000 x 0.75)
Direct materials = $19,000 ($61,000 - $24,000 - $18,000)
Thus, the work-in-process balance represents Job 248 (Direct labor $24,000, Direct materials $19,000, and Applied Overhead $18,000).
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