The amount of sales that should be used in considering the project of adding a mid-class spa is $10,300,000.
To determine the amount of sales that should be used in considering the project of adding a mid-class spa, we need to calculate the total revenue generated by the different spa models before and after the addition of the new mid-range spa.
Currently, the sales revenue is as follows:
Class A spas: 300 units * $12,000 = $3,600,000
Class C spas: 450 units * $6,000 = $2,700,000
Deluxe model spas: 200 units * $17,000 = $3,400,000
Total sales revenue without the mid-class spa = $3,600,000 + $2,700,000 + $3,400,000 = $9,700,000
If the new mid-class spa is added, the sales revenue would be:
Class A spas: 225 units * $12,000 = $2,700,000
Class C spas: 200 units * $6,000 = $1,200,000
Deluxe model spas: 200 units * $17,000 = $3,400,000
Mid-class spas: 375 units * $8,000 = $3,000,000
Total sales revenue with the mid-class spa = $2,700,000 + $1,200,000 + $3,400,000 + $3,000,000 = $10,300,000
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U.S. is established as a country based on freedom is to the early america era as federal support for the growth of big business is to the?
U.S. is established as a country based on freedom is to the early America era as federal support for the growth of big business is to the Industrial revolution.
What is American Industrial revolution?The 1870s saw the beginning of the Revolution, also referred to as the American Manufacturing Revolution, which lasted until the conclusion of World War II. During this time, new transport methods like steamships, vehicles, and airplanes were developed along with the mechanization of industry and agriculture.
What are the four root reasons of the American Industrial Revolution?The advent of capitalism, European imperialism, efforts to mine coal, and the effects of the agricultural revolution are some of the factors that historians have recognised as contributing to the Industrial Revolution.
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When a company sends a packet of information and forms prior to the
interview, be sure to
a. leave it at home since it is not needed at the interview
b. take the entire packet with you to the interview
c. bring information about competitors to the interview
d. bring your salary and benefit requirements to the interview
When a company sends a packet of information and forms prior to the interview, it is essential to understand the purpose of the materials and how they will be used during the interview process. The best course of action in this situation is to (b) take the entire packet with you to the interview. This will demonstrate your preparedness and professionalism, while also ensuring that you have all necessary documents readily available.
Bringing the packet allows you to reference specific information during the interview, which can help to showcase your knowledge and familiarity with the company and its operations. Leaving the packet at home (a) would be unwise as it may contain important information needed during the interview process. Meanwhile, bringing information about competitors (c) or your salary and benefit requirements (d) may be seen as inappropriate or presumptuous at this stage of the interview process.
In conclusion, it is important to review the materials provided by the company prior to the interview and bring the entire packet with you to demonstrate your preparedness and professionalism. Doing so will help to make a positive impression on the interviewer and increase your chances of success in the hiring process.
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what improved employee happiness and life satisfaction, according to a study of 61 uk companies?
The following elements were discovered to enhance employee happiness and life satisfaction in a study of 61 UK companies: Options for career advancement and development.
Workers who felt they had room to improve professionally at their current employer reported greater levels of pleasure and life satisfaction. Relationships that are supportive and constructive between coworkers and supervisors: Workers who felt respected and supported by their bosses and coworkers reported greater levels of happiness and life satisfaction. Workplace flexibility: Workers who had greater control over their schedules and the option to work from home reported higher levels of happiness and life satisfaction. Fair pay and benefits: Workers who thought they were adequately rewarded for their labor and got benefits reported feeling happier and more content.
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4. A few minutes later you came across some old commercials for the movie The Hunger Games.
Again, you realized that you learned about this type of economy in your economics class. Which type
of economic system best describes the fictional country of Panem? How can you tell?
The type of economic system that is in place in the fictional country of Panem is a Command economy.
How was Panem a command economy ?In a command economy, all economic decisions are made at the discretion of the central authority. The land and the means of production are either owned by the state or a group.
Government control, as opposed to private enterprise, according to proponents of command economies, can guarantee a just distribution of goods and services.
Panem was a command economy in the Hunger Games because the government in the Capital controlled all aspects of life in the various districts.
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Which of the following statements about corporate culture is true A. Corporate culture evolves over time B. Corporate culture is intangible C. Corporate culture is based on the accumulated history of the organization D.Corporate culture can have a strong impact on a company's success E. All the above
Answer: All of the above
Explanation:
Corporate culture simply refers to the beliefs, customs and the attitudes that is shared in s particular company. It should be noted that the corporate culture shapes the behaviors of employees in an organization.
It helps in guiding the behaviors of workers and they can either be unwritten rules or those that are documented. They can be based in an organization's history and can evolve with time.
Corporate culture is intangible and can have a strong impact on the company's success. Therefore, the answer to the question is All of the above.
You
decide to buy 1 000 of two year CD (certificate of
deposit) University Credit Union offers 7 interest per year
Mercantile Bank says that you can get 1 180 after two years
Who offers a better deal?
You can compare the future value or the interest rate
Comparing the future values of both CDs, we see that Mercantile Bank CD offers a better deal as it has a future value of $2180, which is higher than University Credit Union CD's future value of $1149.16.
To compare the better deal between two-year CD (certificate of deposit) University Credit Union and Mercantile Bank that offers 7% interest per year, we need to compare their future values after two years.
The formula to calculate the future value of a CD with compounded interest is given by: FV = P × (1 + r/n)\(x^{2}\)(n*t)
Where, FV is the future value of the CD,
P is the principal amount invested,
r is the annual interest rate in decimal,
n is the number of times the interest is compounded in a year,
t is the number of years of investment in this case, we have invested $1000 in both University Credit Union and Mercantile Bank CDs, and both have a two-year investment term. So, t = 2 years.
Calculating the future value of University Credit Union CD: FV = P × (1 + r/n)\(x^{2}\)(n*t)FV = 1000 × (1 + 0.07/1)\(x^{2}\)(1*2)FV = $1149.16
Calculating the future value of Mercantile Bank CD: FV = P × (1 + r/n)^(n*t)FV = 1000 + 1180 = $2180
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list one career cluster and three career pathways related to this cluster
Answer:
Business Management & Administration: General Management pathway: general manager: Walmart.
Business Management & Administration: Business Information Management pathway: IT manager: Walmart.
Business Management & Administration: Human Resources Management pathway: HR director: Meijers.
Business Management & Administration: Operation Management pathway: Operations manager: Meijers.
Business Management & Administration: Administrative Support pathway: Administrative assistant: Kroger.
Finance: Securities & Investments pathway: Bank teller: Huntington.
Finance: Business Finance pathway: accountant: Kroger.
Finance: Accounting pathway: auditor: H&R Block.
Finance: Insurance pathay: insurance claim agent: Amica.
Finance: Banking Services pathways: bank teller: Huntington.
Marketing: Marketing Management pathway: forecast manager: Adidas.
Marketing: Professional Sales pathway: salesperson: Adidas.
Marketing: Merchandising pathway: Sales Promotion manager: Walmart.
Marketing: Marketing Communications pathway: Advertising manager: Adidas.
Marketing: Marketing Research pathway: product planner: Nikes.
Explanation:
Business management and administration can be one of the career clusters.
What is a career?You maintain the same line of employment when you have a career. A profession can consist of one or several jobs. You may work for a single corporation or several. A career education, experience, and professional experience. A career is often referred to as a "career path."
One of the career clusters is a business management and administration.
Three paths to careers in this cluster
Management of corporate information will help them to become managers and know how to handle people.Management, in general, will help in smooth working. Human resource administration will make sure that the relationship between the employee and the employer is working smoothly.Learn more about career, Here:
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A guidance counselor is:
o a. someone who works with students with disabilities.
o b. someone who oversees a student's academic progress.
o c. someone who oversees high school operations.
o d. someone who teaches classes and monitors hallways.
A guidance counselor is a person who works in the schools and check with the student's academic progress.
Who is a guidance counselor? Discuss his responsibilities?A guidance counselor are the certified professionals who are employed in the schools and different institutions.
They helps the students by giving them advise and consultancy about their career and academic growth.
They basically assess the student's ability and provides them with personal counselling.
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What is it called when you learn from an experience something?
Experiential learning is, as its name implies, the practise of learning by doing.
Why is experiential learning important? What is it?The method of learning through doing is known as experiential learning. Students are able to relate concepts and information that are taught in class to actual circumstances when they are involved in practical activities and reflection.
What is the experiential learning approach?Students "learn by doing" and reflect on the experience during experiential learning, which is an active learning process. Practical laboratory exercises, internships, outdoor experiences, and studio performances are just a few examples of experiential learning activities.
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_____ is a system whereby managers and employees define goals for every department, project, and person and use them to monitor subsequent performance.
a. Management-By-Objective b. Decentralized planning c Contingency planning d. Planning objectives
a. Management-By-Objective is a system whereby managers and employees define goals for every department, project, and person and use them to monitor subsequent performance.
The term for the system whereby managers and employees define goals for every department, project, and person and use them to monitor subsequent performance is "management by objectives" (MBO). In an MBO system, objectives are established at all levels of the organization, and progress towards those objectives is regularly reviewed and evaluated. This approach to management provides a clear direction for employees, aligns individual goals with organizational goals, and facilitates communication and collaboration between managers and employees.
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which piano is the best for beginners? List 5 best pianoes.
Answer:
1:Yamaha YPT-269
2:Casio PX-770
3:Korg EK-50
4:Roland
5:Go:keys
Answer:
1. Yamaha P-45
2. Yamaha YDP-S34
3. Casio PX-770
4. Korg B1SP
5. Roland RP102
Explanation:
Jed Nelson is selling his home on his own but is having problems finding a buyer. Jed is tired of the hassle and would like to offer a commission to any broker that brings him a buyer, but wants to reserve the right to find his own buyer. License holder Chico Rodriguez has a buyer who is eager to move into Jed's community, and the home looks like a perfect fit. What is the name of the agreement Jed can use to allow Chico to show the home to his buyer that would allow Chico to earn a commission if the buyer purchases Jed's home
Answer: open listing
Explanation:
Open listing refers to the contractual agreement where a listing broker acts as the agent of a seller and a commission is agreed to be paid to the listing broker when the property is sold through the listing broker's efforts.
Therefore, the name of the agreement Jed can use to allow Chico to show the home to his buyer that would allow Chico to earn a commission if the buyer purchases Jed's home is the open listing.
joshua was having a difficult time meeting that improved schedules and budget what might be the most likely cause
Answer:
There was a lack of clarity and expectations in the original work plan goals.
Explanation:
When creating a work plan , expectations refers to a realistic set of goal that an organization hope to achieve after implementing the work plan into their operation.
Expectation is very important for the decision maker in determining a couple of things, such as;
- The time needed for the plan to show result. (which will influence things such as meting schedule, determining deadline, etc)
- The amount of resources and workhours that the company need to invest into the plan (which will influence the way budget is designed)
- The standard that should be use to measure company's performance.
Answer:
There was lack of clarity... is the answer
Explanation: I just got all of the answers right thats how i know
How do you interpret the position of an FI with a negative on-balance-sheet gap and a positive off-balance-sheet gap?
A. The FI uses its on-balance-sheet activities to hedge its off-balance-sheet activities.
B. The FI uses its off-balance-sheet activities to hedge its on-balance-sheet activities.
C. The FI believes that interest rates will decrease and made a mistake in setting its gap for off-balance-sheet activities.
D. The FI believes that interest rates will decrease and made a mistake in setting its gap for on-balance-sheet activities.
(please explain carefully each of the answers)
An FI with a negative on-balance-sheet gap and a positive off-balance-sheet gap indicates that the FI is using its off-balance-sheet activities to hedge its on-balance-sheet activities.
This strategy helps the FI mitigate interest rate risk by using derivative instruments or other off-balance-sheet transactions.
By maintaining a positive off-balance-sheet gap, the FI aims to offset the potential losses from adverse interest rate movements on its on-balance-sheet positions. This approach allows the FI to protect its overall financial position and manage risks effectively.
A negative on-balance-sheet gap implies that the FI's interest-sensitive assets (such as loans) exceed its interest-sensitive liabilities (such as deposits).
This means that the FI's net interest income would decline if interest rates were to increase. On the other hand, a positive off-balance-sheet gap indicates that the FI has more off-balance-sheet activities (such as futures contracts or interest rate swaps) that would benefit from an increase in interest rates.
Option A (The FI uses its on-balance-sheet activities to hedge its off-balance-sheet activities) is incorrect because a negative on-balance-sheet gap would not be effectively hedged by on-balance-sheet activities. It is the off-balance-sheet activities that would be used for hedging.
Option B (The FI uses its off-balance-sheet activities to hedge its on-balance-sheet activities) is the correct answer. With a negative on-balance-sheet gap, the FI relies on its positive off-balance-sheet gap to offset potential losses from adverse interest rate movements.
Options C and D are incorrect because they assume that the FI made a mistake in setting its gap for either on-balance-sheet or off-balance-sheet activities.
However, the positive off-balance-sheet gap indicates a deliberate strategy to mitigate interest rate risk rather than a mistake in setting the gaps.
An FI with a negative on-balance-sheet gap and a positive off-balance-sheet gap is using its off-balance-sheet activities to hedge its on-balance-sheet activities and manage interest rate risk effectively.
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Which is an example of an anticipatory breach?
A. A moving company delivers a person's furniture and belongings with some scratches and damages.
B. A painter uses a dark blue color instead of the light blue color the client requested to paint the client's bathroom.
C. A saleswoman sells a customer a kitchenware set but does not include the free steak knives that were promised.
D. A construction company determines it will not finish building a townhouse by the scheduled completion date.
Answer:
D. A construction company determines it will not finish building a townhouse by the scheduled completion date.
Explanation:
An anticipatory breach is when a party knows its not going to complete or be able to finish the works it needs to do by the terms mentioned in the contract.
OJT is best for large groups.
True
False
Under the liability provisions of Section 11 of the Securities Act of 1933, a CPA may be liable to any purchaser of a security for certifying materially misstated financial statements that are included in the security's registration statement. Under Section 11, a CPA usually will not be liable to the purchaser:
CPAs may avoid liability under Section 11 if they conducted a reasonable investigation, had a reasonable basis for their opinion, had no knowledge of the misstatement, or if the misstatement was immaterial.
Under Section 11 of the Securities Act of 1933, a CPA may be held liable for certifying materially misstated financial statements that are included in a security's registration statement. However, there are certain circumstances in which a CPA may not be held liable to the purchaser.
For example, if the CPA can prove that they conducted a reasonable investigation and had a reasonable basis for their opinion, they may not be held liable. Additionally, if the CPA can prove that they had no knowledge of the misstatement and exercised due diligence, they may also avoid liability.
Furthermore, if the purchaser can be shown to have had knowledge of the misstatement or if the misstatement was immaterial, the CPA may not be held liable. It is important to note that while there are circumstances in which a CPA may avoid liability under Section 11, they are still held to a high standard of professional conduct and must exercise due diligence in their work.
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what is meant by "market" in lower-of-cost-or-market calculations the amount of gross margin earned by selling merchandise
Direct expenses, or cost of goods sold (COGS), are subtracted from net sales, which are gross revenues minus returns, allowances, and discounts, to determine the gross profit margin.
The gross profit margin ratio is determined by dividing that number by net revenues and then multiplying it by one hundred percent.
What data does gross margin provide?Gross margin is the difference between net sales and cost of goods sold. Before deducting costs associated with selling, general, and administrative (SG&A), a company's gross margin is shown. The ratio of gross profit to net sales, also known as gross profit margin, is the gross margin.
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How can insurance protect you from financial loss?
Answer:
Answer:Insurance policies offer protection against economic loss, that is, loss or damage which can be measured in purely financial terms and compensated by money. When you buy homeowners property insurance.
Explanation:
When you buy homeowners property insurance, for example, you are insuring only the economic value of the home, i.e., the cost to repair or rebuild it.
Yew Industries uses a process costing system. For the month of December. the total equivalent units of production for conversion costs is 28.500 units. Beginning work in process inventory consisted of 7,000 units, which were 60% complete with respect to conversion costs. Ending work in process inventory consisted of 6,000 units, which were 75% complete with respect to conversion costs. How many units were started during the month of December? 25,500 units 24,000 units 23,000 units 27,600 units None of the above
The number of units started during the month of December is 23,000 units. The correct answer is 23,000 units.
To determine the number of units started during the month of December, we need to calculate the change in the equivalent units of production for conversion costs.
Beginning work in process (BWIP) inventory was 7,000 units, which were 60% complete, so the equivalent units of production for BWIP is 7,000 x 0.60 = 4,200 units.
Ending work in process (EWIP) inventory was 6,000 units, which were 75% complete, so the equivalent units of production for EWIP is 6,000 x 0.75 = 4,500 units.
The total equivalent units of production for conversion costs is given as 28,500 units.
To find the units started during December, we use the formula:
Units started = Total equivalent units of production - Equivalent units of BWIP - Equivalent units of EWIP
Units started = 28,500 - 4,200 - 4,500
Units started = 19,800 units
Therefore, the correct answer is 23,000 units (None of the above).
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The common stock of ABC, Inc., has a beta of 1.13 and a standard deviation of 21.4 percent. The market rate of return is 12.7 percent and the risk-free rate is 4.1 percent. What is the cost of equity for this firm
Answer:
The appropriate answer is "13.82%".
Explanation:
Given:
Risk free rate,
\(R_f=4.10\)
Beta of stock,
\(\beta=1.13\)
Market rate,
= \(12.7\)
Now,
The market risk premium will be:
⇒ \(R_p\) = \(Market \ rate-Risk \ free \ rate\)
= \(12.7-4.1\)
= \(8.60\) (%)
hence,
The cost of equity will be:
⇒ \(r=R_f+\beta\times R_p\)
\(=4.10+1.13\times 8.60\)
\(=4.10+ 9.718\)
\(=13.82\) (%)
Helppppppppppppp
Why is engaging communication a two-way process?
Why are words alone not enough to communicate effectively?
Answer:
Explanation:
You need 2 people to have a conversation, not just words. You can’t just be in and empty room and just talk. You need someone else to talk to you.
Mystery of the Red Truck
By Sally Nicholls, a local reporter
It has been confirmed that late on the night of the sixth of July, a large red truck ran into the bakery on Maryland Street. After an initial investigation by police, it is now clear that the truck had no driver at all. The locals are asking a simple question: "Where was the driver?"
If the police want to solve this mystery, they will need the CCTV footage from the street. One of the locals said: "We’re all quite worried about a truck with no driver. This truck has never been seen in the neighbourhood before. If we’d seen that truck before, we’d solve this mystery now."
Many locals share the same concerns. They want to know what’s happening in their town. A witness at the crime scene told police: "There was a loud noise coming from the truck while it was going towards the building and its speed.... it was unbelievable. If it had been going
The locals didn´t know that the red truck had an old driver, so the answer is False.
To know specific data about a story we must have good reading comprehension to understand every detail of the history of the text. Some tips to improve our reading comprehension are:
Read slowly. Be analytical with the text. Take note of the details. Read daily.
These tips will help us to have better reading comprehension. Now it is time to use these tips to identify if the locals knew the truck driver, it is necessary to reread the text and pay careful attention to each of his sentences. Some phrases that can help us solve this question are:
We're all quite worried about a truck with no driver If it had been going slower, I would've had a chance to see the driver.
According to these sentences, it can be inferred that none of the locals saw the driver, so they cannot know if the driver was old or young or what characteristics he had.
Note: This question is incomplete because the text is incomplete and the question is missing. Here is the complete information:
A witness at the crime scene told police: “There was a loud noise coming from the truck while it was going towards the building and its speed.... it was unbelievable. If it had been going slower, I would’ve had a chance to see the driver. But all I saw was the truck speeding into the bakery as fast as it could. ’’
The police have already spoken with eleven other residents but no one knows any further details about the incident. Superintendent Amanda Slippers remarked: “This is a tough case. The truck licence plate belongs to this town, but nobody has seen it here. According to the town records, the owner of the truck moved away from here years ago. No one knows where to. If we located the owner, we'd probably solve this mystery.’’
If a truck moves, then it has a driver. Well, maybe we should change this basic assumption on account of this mysterious red truck.
The locals knew that the red truck had an old driver.
True
False
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Picture your ideal retirement and describe.
Answer:
Lots of money
Explanation:
I would want to save up in order to play sports and video games all day. I would also like to travel a lot
Answer:
Explanation:
I am retired. I have a pension that takes care of my needs for now. It won't once the economies realize what they've done. Practically no one will be able to retire.
So I'm lucky in that I can pretty much do what I want within the jurisdiction where I live. Right now the virus is leading us on a merry chase and our borders are closed. I'm told it's a good thing because the medical care is being overwhelmed. I certainly didn't plan that.
I have the best care that anyone could wish for. I have Cancer but my two specialists take of me with a medication that only 10% of the population respond to, so I'm lucky. That's something I didn't plan on either but I should have. Both my parents succumbed to Cancer. And you have to take into account the bad with the good.
I love to travel and look forward to the borders opening up. Nothing is going to hold me up. You must always figure on what interests you have to become what you like to do. Everyone where I am does have an interest, but I don't think watching television should really count. I do like answer questions on Brainly. I've learned how to write answers that I'm satisfied with, even if students are not.
Do you think every place of our country is accessible to all kind of information obtaining sources why give reasons
Freedom of information is freedom of a person or people to publish and consume information.
What is meant by Freedom of Information ?
The right of a citizen to access information that the government holds is referred to as information freedom. This freedom is recognized as a constitutional right in several nations.
The Freedom of Material Act in the United States permits the revelation of official records and previously undisclosed information that is under the authority of the American government. The Electronic Freedom of Information Act, which mandates that certain types of government records be made electronically accessible to the public, was added to this law in 1996 as an amendment. This is intended to increase access to public information.
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an operating segment is significant if its assets are percent or more of the combined assets of all operating segments. T/F?
False. An operating segment is considered significant if its assets are 10 percent or more of the combined assets of all operating segments.
According to accounting standards and reporting guidelines, an operating segment is deemed significant if its assets meet a certain threshold compared to the combined assets of all operating segments. The commonly accepted threshold is 10 percent or more. In other words, an operating segment's assets must account for at least 10 percent of the total assets of all operating segments combined to be considered significant.
This criterion helps in identifying and reporting on segments that have a substantial impact on the overall financial position and performance of the entity. It allows stakeholders to assess the significance of each segment in relation to the entire business.
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The state of Florida recently decided to substantially increase the funding for the University of Florida, the state's flagship university. This policy was evaluated by various government agencies and independent policy institutes.
Identify one positive and one normative question that may have been considered.
One positive question that may have been considered is related to the impact of the funding increase on the University of Florida's performance.
This could include questions such as: What is the current level of funding for the university, and how has it impacted its ability to recruit and retain top faculty and students? How has the university's research output been affected by funding levels in recent years, and what are the potential benefits of increased research funding?
Additionally, policymakers may want to evaluate the economic impacts of the university, such as its contribution to the state's overall economy, job creation, and workforce development.
One normative question that may have been considered is whether or not the increased funding for the University of Florida is a good policy decision. This could involve questions such as: What are the potential trade-offs of increasing funding for the University of Florida compared to other priorities, such as K-12 education or infrastructure spending?
Will the increased funding lead to improved outcomes for students, such as higher graduation rates and better post-graduation employment prospects? Is the funding increase equitable, meaning does it target underserved communities and those who need it most, or does it primarily benefit high-performing students and prestigious departments?
By considering these normative questions, policymakers can weigh the potential benefits and drawbacks of the funding increase and make an informed decision about its value and implications for the state of Florida.
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can i have one sentence on how you would describe your favorite icecream
Answer:
it is chocolatey and peanut buttery and tasty i like moose tracks.
Explanation:
Answer:
My favorite ice cream is minty, with chocolate chunks!
Explanation:
Which person used a cost-saving strategy when deciding how to spend their money?
a. when selecting a new tablet, Rosita carefully read about the features of each model.
b. when purchasing a new jacket, Thao chose the one that was manufactured locally.
c. when choosing which coffee to buy, Ivan chose the brand with the "fair trade" label.
d. when buying a used dirt bike, Fabian negotiated with the seller to get a better deal.
will give brainliest!
The person who used a cost-saving strategy when deciding how to spend their money is the Fabian who negociated with the seller to buy a used dirt bike to get a better deal.
What is cost-saving stategy?The strategy in which we analysis the basic requirements which are necessary and on which minimum cost can be made in a business
What is a dirt bike?The bikes which are generally used in dirts to have races or to have friction with the roads with dirts.
Hence, option D is the correct answer
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you discover an old comic book in a desk drawer that you purchased at an estate sale 3 years ago for $10. you auction it on ebay and receive $2,550 for your item. what annual rate of return did you earn?
The annual rate of return earned in this case is approximately 77.8%.
The annual rate of return can be calculated using the formula:
Annual Rate of Return = \([(Final Value / Initial Value)^(1/number of years)] - 1\)
In this case, the initial value was $10, and the final value was $2,550. The number of years was 3. Substituting these values into the formula, we get:
Annual Rate of Return =\([(2,550 / 10)^(1/3)] - 1\)
Simplifying this expression, we get:
Annual Rate of Return = 1.778 - 1
Annual Rate of Return = 0.778
Therefore, the annual rate of return earned in this case is approximately 77.8%. This is a very high return and is likely due to the rarity and demand for the comic book in question. It is important to note that this is a unique case and not a typical return on investment. It is always important to carefully research and consider any investment decisions.
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