Cullumber Company’s break-even point in sales dollars is
$650,000. Assuming fixed costs are $195,000, what sales revenue is
needed to achieve a target net income of $90,000?
Sales revenue needed:
Answers
The sales revenue needed to achieve a target net income of $90,000 is $935,088.
To calculate the sales revenue needed to achieve a target net income of $90,000, we need to use the formula:
Target Net Income = (Sales Revenue x Contribution Margin Ratio) - Fixed Costs
First, we need to calculate the contribution margin ratio, which is the percentage of each sales dollar that contributes to covering fixed costs and then to profit. We can calculate it using the following formula:
Contribution Margin Ratio = (Sales Revenue - Variable Costs) / Sales Revenue
We don't have the variable costs or the contribution margin ratio, but we do know the break-even point in sales dollars, which we can use to find the contribution margin ratio:
Break-even Point = (Sales Revenue x Contribution Margin Ratio) - Fixed Costs
$650,000 = (Sales Revenue x Contribution Margin Ratio) - $195,000
(Sales Revenue x Contribution Margin Ratio) = $845,000
Contribution Margin Ratio = $845,000 / Sales Revenue
Now we can substitute the contribution margin ratio and the fixed costs into the formula for target net income and solve for sales revenue:
$90,000 = (Sales Revenue x (Sales Revenue - Variable Costs) / Sales Revenue) - $195,000
$90,000 = Sales Revenue - Variable Costs - $195,000
$285,000 = Sales Revenue - Variable Costs
Variable Costs = Sales Revenue - $285,000
Contribution Margin Ratio = (Sales Revenue - Variable Costs) / Sales Revenue
Contribution Margin Ratio = (Sales Revenue - (Sales Revenue - $285,000)) / Sales Revenue
Contribution Margin Ratio = $285,000 / Sales Revenue
$90,000 = (Sales Revenue x $285,000 / Sales Revenue) - $195,000
$90,000 = $285,000 - $195,000
$90,000 = $90,000
Therefore, the sales revenue needed to achieve a target net income of $90,000 is $935,088.
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Related Questions
Which management function is also a financial responsibility? A. planning B. organizing C. staffing D. coordinating E. controlling
Answers
Answer:
b staffing is the answer
Answer:
....... C. Staffing
Explanation:
Click the picture to see the whole answer...the answer is Staffing
Danielle Corporation received $2,000,000 from investors and issued them shares of its stock. Danielle's journal entry to record this transaction would include a:
Answers
Danielle's journal entry to record this transaction would include a:credit to common stock.
What is Journal entry?Journal entry is simply the book of original entry.
Assuming the company received the amount of $2,000,000 from investors and issued them shares of its stock the appropriate journal entry to record this transaction would include a credit to common stock,
Journal entryDebit Cash $2,000,000
Credit Common stock $2,000,000
Inconclusion Danielle's journal entry to record this transaction would include a:credit to common stock.
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HELP PLEASE:)
to get the most accurate savings figures, which item should you vary when you are comparing 2 loans from separate banks?
A. the APR should be different
B. the number of years it takes to pay it off
C. fixed and variable rates
D. nothing should be varied
Answers
I Think its answer C: Fixed and Variable rates
if the dividend just paid on a share of common stock is $3.29 per share, and the price of the stock is $53, the growth rate is projected as 3.28%, and the underwriting fee is 4% of the stock price, calculate the cost of new equity. (answer in percentage terms, rounded to 2 decimal places)
Answers
The cost of new equity can be calculated using the dividend discount model (DDM). The formula for DDM is:
Cost of New Equity = (Dividend / Stock Price) + Growth Rate
Given:
Dividend = $3.29 per share
Stock Price = $53
Growth Rate = 3.28%
Using the formula, we can calculate the cost of new equity:
Cost of New Equity = ($3.29 / $53) + 3.28% = 0.062075 + 3.28% = 0.062075 + 0.0328 = 0.094875
Rounded to 2 decimal places, the cost of new equity is approximately 9.49%.The cost of new equity represents the required return on investment for shareholders who purchase new shares of common stock. In this case, we calculate it using the dividend discount model. The model takes into account the current dividend payment, the stock price, and the expected growth rate of dividends. By dividing the dividend by the stock price, we get the dividend yield. Adding the growth rate to the dividend yield gives us the cost of new equity. In this scenario, the cost of new equity is approximately 9.49%.
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WILL GIVE BRAINLIEST
If loans and credit card debt are taking up most of your monthly income, which of the following is the LEAST effective first step in getting your debt under control?
A. Start a side hustle and allocate the money you make towards extra payments for your debt.
B. Take a hard look at your budget and try to cut nonessential items so you have more cash to pay down your debt.
C. Declare bankruptcy, which will eliminate all your debts and allow you to start over with a clean slate.
D. Pay extra money each month to the debt with the highest interest rate, so you'll decrease the total amount you'll spend on debt.
Answers
Answer:
a or c i fliped a coin and got A sounds like the answer rember jesus loves you
Explanation:
gatto, incorporated, has declared a $6.00 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 20 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. the company's stock sells for $94.30 per share, and the stock is about to go ex dividend. what do you think the ex-dividend price will be? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
According to the Gatto, incorporated, the ex - dividend price will be $ 89.50. When a company's dividend allocations have been determined, it goes ex-dividend.
What do you mean by the ex-dividend price?A stock is referred to as being ex-dividend if it no longer carries the value of the upcoming dividend payment. The day the stock begins trading without the value of its upcoming dividend payment is known as the ex-dividend date or "ex-date."
The day on which a stock starts trading without the subsequent dividend value is known as the ex-dividend date.
Investors who bought the stock before the ex-dividend date are eligible for the upcoming dividend payment; however, investors who bought the stock on or after the ex-dividend date are not.
Here,
After-tax dividend = $6.00(1 - 0.20) = $4.80
Ex-dividend price = $94.30 - $4.80 = $89.50
Therefore, according to the Gatto, incorporated, the ex - dividend price will be $ 89.50. When a company's dividend allocations have been determined, it goes ex-dividend.
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A new equipment requires an investment of $130,000 to generate an income of $20,000 for the first 3 years, thereafter, increasing by $10,000 for the remaining life of 10 years. To recover the investment under a no-return payback condition it will take:
Answers
To recover the investment under a no-return payback condition, it will take 6 years.
The payback period is a financial metric used to determine how long it takes to recover the initial investment in a project or equipment. In this case, the investment for the new equipment is $130,000, and the income generated is $20,000 for the first 3 years, increasing by $10,000 for the remaining 10 years.
To calculate the payback period, we need to determine when the total cumulative income equals or exceeds the initial investment. For the first 3 years, the total income generated would be $20,000 per year, resulting in a cumulative income of $60,000. We subtract this from the initial investment of $130,000, leaving a remaining amount of $70,000.
Since the income increases by $10,000 per year for the remaining 10 years, it will take an additional 7 years to accumulate $70,000. Therefore, the total payback period would be 3 years + 7 years = 10 years.
However, since we are looking for the payback period under a no-return condition, where no income is generated after recovering the investment, we subtract the additional 7 years from the total payback period. Hence, the final payback period under a no-return condition is 10 years - 7 years = 6 years.
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When a multinational corporation opens a new factory in another country, what economic responsibilities must it follow? Are there any other responsibilities that should be considered? Explain.
Answers
The responsibilities that must be considered when a multinational opens a new factory in another country are legal and cultural responsibilities.
What are the obligations of a multinational?A corporation with units in different countries must follow the legislation in force in the place, adapting its processes and services to essential requirements, such as payment of taxes and licenses to operate in the country.
Therefore, in addition to the economic responsibilities, there are also the responsibilities of cultural adaptation, so that the company has good acceptability by the local population and is well positioned in the market.
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Breezy Jet is a new low-cost airline specializing in flights to the USA. Breezy Jet enter a contract to lease an aircraft from Boring PLC. The agreement contains the following clauses: 1. Hire is payable from 1 st January 2021 for two years at a rate of £500,000 per month payable in advance. 2. Plots shall be provided by Boring PLC. The new route is not as popular as Breezy Jet anticipated. The company is soon making large losses and in danger of becoming insolvent on 1: July 2021 Breezy Jet explain their situation to Boring PLC who offer to accept £250,000 per monlh hire "until market conditions improve". Breezy Jet make payments at the lower rate for the rest of 2021. On 1st January 2022 Breezy Jet, for the first lime, have fully booked flights. Boring PLC tell Breezy Jet that they want to revert to the full rental of £5,500,000 per month and that they also would like the balance paying for the underpayments from July to December 2021 . Boring PLC also demand an extra 'one off' payment of £.1million otherwise Boring PLC will not consider entering new contracls with Breezy Jet after January 2023 From 1
t
January 2021 Breezy Jet start paying £500.000 per month They atso pay the extra E.1 million because Boring PLC is now the onty remaining manufacturer of passenger aircraft Under protest. Breezy Jet also agree to pay the balance of the underpayments made in 2021. Discuss.
Answers
Breezy Jet entered into a contract with Boring PLC to lease an aircraft. The contract has several clauses. Clause 1 states that Breezy Jet must pay a monthly hire rate of £500,000 in advance, starting from January 1st, 2021, for a period of two years. Clause 2 states that Boring PLC will provide the necessary plots for Breezy Jet's flights.
However, Breezy Jet is facing financial difficulties due to lower than expected demand for its new route. They inform Boring PLC about their situation, and Boring PLC offers to accept a reduced monthly hire rate of £250,000 "until market conditions improve." Breezy Jet makes payments at the lower rate for the rest of 2021.
On January 1st, 2022, Breezy Jet finally has fully booked flights. At this point, Boring PLC informs Breezy Jet that they want to revert to the original rental rate of £500,000 per month. Additionally, Boring PLC asks for the balance of the underpayments made from July to December 2021 to be paid. They also demand an extra one-off payment of £1 million. Boring PLC states that if these conditions are not met, they will not consider entering new contracts with Breezy Jet after January 2023.
In response to Boring PLC's demands, Breezy Jet starts paying the full rental rate of £500,000 per month from January 2022. They also make the extra one-off payment of £1 million, under protest. Breezy Jet agrees to pay the balance of the underpayments made in 2021.
In summary, Breezy Jet initially pays £500,000 per month, but due to financial difficulties, they pay a reduced rate of £250,000 per month for the remainder of 2021. After experiencing improved bookings, Breezy Jet resumes paying the full rental rate of £500,000 per month from January 2022 onwards. They also make the extra one-off payment of £1 million and agree to pay the balance of the underpayments made in 2021.
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In the late twentieth century, U.S. companies began using labor outside the company to provide certain services. What was this business practice called
Answers
In the late twentieth century, U.S. companies began using labor outside the company to provide certain services. This business practice is called outsourcing.
The business practice of outsourcing refers to the use of labor outside a company to provide certain services. In the late twentieth century, many U.S. companies began adopting this practice as a way to reduce costs and improve efficiency. Outsourcing involves hiring external companies or contractors to perform tasks that were traditionally done in-house, such as customer service, manufacturing, and software development.
Outsourcing gained popularity in the 1980s and 1990s, as technological advancements made it easier to connect with service providers around the world. The availability of cheaper labor in countries such as India and China also made outsourcing an attractive option for many companies. Outsourcing has become particularly prevalent in the information technology and business process outsourcing industries.
While outsourcing can provide cost savings and other benefits for companies, it has also been criticized for its impact on job security, as it can result in the loss of domestic jobs. Additionally, outsourcing can sometimes result in lower quality services and communication challenges between the company and the external service provider. Despite these concerns, outsourcing remains a popular business practice and continues to evolve as technology and globalization continue to shape the business landscape.
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the purpose of _______ is to build selective demand.
Answers
Persuasive advertising serve as kind of advertising that build selective demand.
Persuasive advertising can be regarded as a form of product promotion which convince the potential customer in a persuasive manner to purchase a specific product.It is a kind of advertising that bring about Selective demand whereby demand for a specific brand is been set as a result of the advert to the potential customer.
Therefore, Persuasive advertising is the correct term.
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echo farm supply’s stock price is currently trading at $35 per share. the consensus among market analysts is that the stock should trade for $30 per share, given the amount, timing, and riskiness of the company’s dividends. is echo farm supply more or less likely to receive a hostile takeover bid?
Answers
The overvaluation of Echo Farm Supply's stock makes it less likely to attract a hostile takeover bid, as the higher trading price indicates the market believes it is worth more than the consensus value. However, other factors may also come into play.
Given that the consensus among market analysts is that Echo Farm Supply's stock should trade for $30 per share, and the current trading price is $35 per share, it suggests that the stock is currently overvalued. In general, an overvalued stock is less likely to attract a hostile takeover bid.
Hostile takeovers usually occur when a company's stock is undervalued, as the acquirer sees an opportunity to purchase the company at a lower price than its actual worth. In this case, the higher trading price indicates that the market believes the stock is worth more than the consensus value.
However, it's important to note that hostile takeovers can also be driven by factors other than the stock price, such as strategic advantages or potential synergies. While the overvaluation may make a hostile takeover bid less likely, it doesn't completely rule out the possibility. Other factors would also need to be considered.
In conclusion, based on the current overvaluation of Echo Farm Supply's stock, it is less likely to receive a hostile takeover bid.
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synergy national bank issued a conventional loan that is eligible for purchase by fannie mae. when fannie mae purchases the loan, what will synergy national bank receive in return?
Answers
Synergy national bank issued a conventional loan that is eligible for purchase by Fannie Mae. When Fannie Mae purchase's the loan, what will Synergy national bank receive in return collect the fee's
Does Fannie Mae have anything to do with a conventional loan?A conventional mortgage loan is a "conforming" loan, which basically means it complies with Fannie Mae or Freddie Mac's standards. Mortgages are bought from lenders by government-sponsored companies Fannie Mae and Freddie Mac, who then sell them to investors.
To whom are loans sold to Fannie Mae?Fannie Mae is a GSE that buys mortgage loans from smaller banks or credit unions and backs or guarantees them on the mortgage market for borrowers with low to middle incomes.
Where can I locate any credits offered by the seller under the loan estimate?A: The Loan Estimate discloses seller credits as follows: The Calculating Cash to Close table includes information on general seller credits.
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All of these are fields that you can use to review alumni skills, the company where they work, and career fields that they work in (what they do)
Answers
There are several fields that can be used to review alumni skills, the companies where they work, and the career fields they work in.
One common field is LinkedIn, which allows users to create a professional profile and showcase their skills, work experience, and education. Employers can use LinkedIn to search for potential candidates and review their profiles to see if they have the necessary skills and qualifications for a job.
Another field is alumni associations, which can provide information on the career paths of former students. Alumni associations often maintain databases of alumni and their professional achievements, which can be used to track the career paths of graduates and identify successful professionals in various fields.
Online job boards and career websites can also be used to review alumni skills and career fields. These sites allow users to search for jobs based on specific skills, experience, and qualifications and can provide information on the companies that are hiring and the types of positions that are available.
Overall, there are many different fields that can be used to review alumni skills and career fields, and it is important to use a variety of sources to get a comprehensive understanding of the career paths of former students. By leveraging these resources, employers and alumni associations can help to connect graduates with job opportunities and support their ongoing professional development.
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Ttttthhhhheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee accounf is not working
Answers
Answer:
Step by step explanation
Which of the follow is NOT a good place to gather and evaluate investment options?
a Social Media
b Newspapers and magazines
c Brokers and advisers
d Company financial reports
Answers
Which of the following accurately defines tolerance in the context of measurement?
A. Ability to convert measurements based on the situation
B. Permissible deviation from a specified measurement
C. Process of adjusting measurement devices
D. System of ranking the precision of measurements
Answers
Answer:
B:Permissible deviation from a specified measurement
Explanation:
Permissible deviation from a specified measurement accurately defines tolerance in the context of measurement. Thus, option B is the correct option.
What is tolerance?Tolerance is used to describe the provision of an appropriate range of admission from ideas, deeds, or behaviors that someone considers to be morally repugnant but still “tolerated,” because those who should not be outlawed or restricted are those who should be tolerated.
The word “tolerance” throughout the context of measuring refers to the spread seen between the highest and lowest proportions with permitted mistakes. Tolerance is another name for a legally permissible range of flaws, such as quality requirements.
Tolerance in the setting of assessment is defined as that of the allowed variance of a given measurement. Therefore, option B is the correct option.
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From the perspective of the lessee, leases may be classified as either
A. Direct financing or sales-type.
B. Capital or direct financing.
C. Capital or operating
D. Direct financing or operating.
Answers
From the perspective of the lessee, leases may be classified as either capital or operating(C).
From the perspective of the lessee, leases can be classified as either capital leases or operating leases. Capital leases are long-term leases that are treated as asset acquisitions by the lessee while operating leases are short-term leases that are treated as rental agreements. The classification depends on factors such as the lease term, transfer of ownership, and present value of lease payments.
Capital leases involve transferring the risks and rewards of ownership to the lessee while operating leases do not. The classification affects how the lease is accounted for on the lessee's financial statements.
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Concord corporation received a check for $14400 on july 1, which represents a 6-month advance payment of rent on a building it rents to a client. unearned rent revenue was credited for the full $14400. financial statements will be prepared on july 31. concord's should make the following adjusting entry on july 31:____________
Answers
On July 31, Concord Corporation should make the following adjusting entry:
Debit: Unearned Rent Revenue - $7,200
Credit: Rent Revenue - $7,200
This adjusting entry recognizes the portion of the unearned rent revenue that has been earned during the month of July. Since the check received on July 1 represented a 6-month advance payment, only one month's worth of rent revenue needs to be recognized at the end of July. By debiting Unearned Rent Revenue, we reduce the liability for the unearned portion, and by crediting Rent Revenue, we recognize the revenue that has been earned during the period.
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Why is the fed often referred to as a "lender of last resort," or the last lender to turn to in a crisis?.
Answers
Answer:
It offers banks financial protection to keep consumers from panicking.
Explanation:
A lender of last resort is the organization in a business system that serves as the provider of liquidity to a business company which finds itself incapable to achieve enough liquidity in the interbank lending market and other facilities or sources have been consumed.
Can you give me brainliest please?
Answer:
It offers banks financial protection to keep consumers from panicking.
Explanation:
a company generates revenues of $120 million, gross profit of $70 million, operating income of $50 million and net income of $24 million. it has 10 million shares outstanding. what is the company's operating margin? answer in percent, rounded to one decimal place.
Answers
A business generates $120 million in revenue, $70 million in gross profit, $50 million in operational income, and $24 million in net income. There are 10 million active shares. The operational margin of the business.
The business's retained earnings for Year 8 would be $20 million and its EPS for Year 8 would be $2.50. The company's total earnings for Year 8 would be $10 million (net income of $50 million less interest charges of $10 million less dividend payments of $30 million = $10 million) if we calculate EPS and retained earnings. In Year 8, the corporation would have an EPS of $2.50 and $20 million in retained earnings (net income of $50 million less dividend payments of $30 million). the business's credit standing would be no less than an A as operating profit exceeds annual interest expenses by a factor of seven.
The company's retained earnings for Year 8 would be $10 million (net income of $50 million less interest costs of $10 million less dividend payments of $30 million). Its EPS for Year 8 would be $5.50. The operational profit of $70 million less interest expenses of $10 million, less dividend payments of $30 million, or $30 million divided by 20 million shares, would result in the company's EPS for Year 8 being $1.50 operational income.
Now, the query can be responded to as follows: business
We may calculate the following from the question:
EPS is calculated as Net Income / Outstanding Common Stock, which is $50 million / 20 million shares, or $2.50.
Dividend payments equal the number of outstanding shares of common stock Dividend per share equals 20,000,000 * $1.50, or $30,000,000.
Net income minus dividend payments equals retained earnings, or $50 million minus $30 million, or $20 million.
The company's retained earnings for Year 8 would be $20 million (net income of $50 million less dividend payments of $30 million) and its EPS for Year 8 would be $2.50 (B) operational income.
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Which of the following elements are included on the hierarchy of hazard control?
Select all that apply.
Implementing engineering controls
Eliminating hazards
Substituting hazards
Implementing administrative controls
Selecting and using PPE
Answers
The components that are included in the hierarchy of hazard control would be:
A). Implementing engineering controls
B). Eliminating hazards
C). Substituting hazards
D). Implementing administrative controls
E). Selecting and using PPE
The hierarchy of hazard control consists of five steps:
Elimination.Substitution.Engineering controls.Administrative controls.Personal Protective Equipment.As per the question, all the given components are included in the various levels of hazard control.
The elimination stage aims to remove all the potential hazards while substitution involves replacing the threats with a safer alternate. While engineering controls and PPE refer to the administration of protective layers for safeguarding the workers from any dangers. The administrative controls involve alteration in the process for work, training, supervision, etc. so that the dangers can be minimized.Learn more about 'Hierarchy of hazard control' here:
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Why do you think forms & addenda are now required
courses to get a Real Estate License?
Answers
To ensure that real estate professionals have a thorough understanding of legal and contractual obligations, as well as to protect the interests of buyers, sellers, and the industry as a whole.
Forms and addenda play a crucial role in real estate transactions as they outline the terms and conditions of the agreements between buyers and sellers. These documents are legally binding and carry significant implications for all parties involved. Therefore, it is essential for real estate professionals to have a comprehensive understanding of these forms and addenda.
By making forms and addenda a required part of real estate license courses, regulatory bodies aim to ensure that professionals in the field are well-equipped to handle the legal aspects of real estate transactions. This helps protect the interests of clients and promotes transparency, professionalism, and ethical conduct within the industry.
Moreover, real estate is a highly regulated industry, and non-compliance with legal requirements can lead to serious consequences such as legal disputes, financial losses, and damage to professional reputation. By mandating courses on forms and addenda, licensing authorities aim to reduce the risk of such issues and enhance the overall quality of real estate services.
Overall, requiring forms and addenda courses as part of the real estate licensing process serves to promote knowledge, professionalism, and legal compliance among real estate professionals, ultimately benefiting both industry stakeholders and consumers.
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what is rule 203 of the code of professional conduct
Answers
Rule 203 of the Code of Professional Conduct typically refers to the specific rules and regulations set forth by professional organizations or regulatory bodies governing the conduct of professionals in a particular field.
The codes of conduct can vary depending on the profession and the organization or regulatory body overseeing it.
To find the specific details of Rule 203 of the Code of Professional Conduct applicable to a particular profession, it is best to consult the relevant professional association, regulatory body, or the official documentation provided by the governing organization.
These organizations often provide publicly accessible resources, such as official websites or publications, where the specific rules and provisions can be found.
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When a small child says, "You can get me any toy as long as it is pink," she is using: External information Heuristics Consideration set
Answers
The small child's statement, "You can get me any toy as long as it is pink," reflects the use of a consideration set.
The consideration set refers to a limited set of options that individuals consider or evaluate when making a decision. In this case, the small child has set a specific criterion for the toy selection process, which is the color pink. By stating that any toy is acceptable as long as it is pink, the child has narrowed down the consideration set to pink-colored toys only. This indicates a limited range of options being considered, disregarding other factors such as toy type, functionality, or brand. The child is relying on a specific heuristic or decision rule (in this case, the color criterion) to simplify the decision-making process. The consideration set concept helps explain how individuals simplify complex decision situations by narrowing down options based on specific criteria or preferences.
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What are 3 advantages of a command economy?
Answers
The main three advantages of command economy are listed below:
1. Centralized decision making: In a command economy, all economic decisions are made by the government. This allows for a more centralized and coordinated approach to economic planning, which can be beneficial for achieving specific economic goals, such as increasing industrial production or improving infrastructure.
2. Ability to direct resources towards priority sectors: A command economy allows the government to direct resources towards priority sectors, such as education, healthcare, and infrastructure, without the interference of market forces. This can be beneficial in ensuring that the basic needs of the population are met.
3. Greater control over inflation: Government control over the economy can help to keep inflation in check by controlling the supply of money and regulating the prices of goods and services. This can help to stabilize the economy and promote long-term growth.
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a company has designed a new product and tested the prototype. what is the next step in product development?
Answers
Answer:
They have to test it before it can be put out on the market
in order to assess the performance of their firms and their supply chains, what do managers need to do to determine the needs of those customers?
a. Look at each segment of the markets they serve
b. Help identify new customer requirements
c. Rely on traditional performance measures
d. Collaborate in pricing of products
Answers
The correct option to the given question about assess the performance of their supply chains is option a) . Take a look at each market category they serve.
A corporation can generally use one of six major models to direct its supply chain management procedures.
The continuous flow model, one of the more established supply chain strategies, works best for developed sectors. The continuous flow model assumes that a producer will consistently produce the same good and that customer demand will be relatively stable. Agile Strategy: This model works best for businesses that provide products that customers order or have unexpected demand. This model places a premium on adaptability because a business must be ready to change course at any time in the event of a specific requirement.
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name 5 types of business farms
Answers
Answer:
sole proprietorshiplimited liability companypartnershipcorporationcooperative.
Answer: sole proprietorship
limited liability company
partnership
corporation
cooperative.
non profit corparation
Explanation:
Which situation best illustrates how global trade promotes specialization?
A. A country sets strict limits on the amount of goods it can import
from other countries in a single year.
B. A country tries to export as many goods as possible by making a
huge variety of different products.
C. A country imports food and medicine from its neighbors so that
its workers can focus on making cars.
D. A country ensures that it will not become too reliant on trade by
producing all of its own food and clothing,
Answers
Answer:
C. A country imports food and medicine from its neighbors so that
its workers can focus on making cars.
Explanation:
Just got it right on my quiz!
The situation that best illustrates how global trade promotes specialization is that a country imports food and medicine from its neighbors so that its workers can focus on making cars.
Specialization by nations or individuals makes them to produce at the lowest cost and then trade with others,International trade often promotes specialization and division of labor and increases output and consumption. When an economy specializes in production, it brings about gains from international trade.
An example, a country can produce rice at a lower cost than beans, it can choose to specialize and dedicate all its resources to the production of rice, using some of them to trade for beans.
Conclusively, by specialization, countries specialize in certain products which they trade for other goods.
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