Ironwood company manufactures a variety of sunglasses. Production information for its most popular line, the clear vista (cv), follows:
Answers
The additional contribution margin Ironwood would make by accepting the special order is $ 57.50
Elaborating the question:
1. Special order price 51
Less Variable cost per unit;
Direct material 22
Direct labour 10
Variable manufacturing overhead 3
Additional variable cost on special order 4 (39)
Contribution margin per unit 12
No. Of units 3000
Contribution margin of special order 36000
2(a) Current contribution margin;
=Sales-variable cost
=53.50-(22+10+3)
=18.50 per unit
2(b) No , Because the regular cv model's contribution margin, which is 18.50, is higher than the contribution margin for special orders
3.Lost contribution margin = 18.50
Add variable cost on special order= 39
= 57.50
Costs that Apply to Special Order Decisions:Costs that change depending on whether a special order is accepted or rejected are referred to as relevant costs in special order decisions. Because a special order is only for a short period of time, current ongoing fixed costs will typically not matter because those costs will not change whether the order is accepted or rejected.
As a result, variable manufacturing costs, opportunity costs, and any other costs specific to the special order will be included in relevant costs. Using quantitative analysis, the order should be accepted if the selling price exceeds all relevant costs and increases the company's profits.
Question incomplete:Ironwood Company manufactures a variety of sunglasses. Production information for its most popular line, the Clear Vista (CV), follows:
Per Unit
Sales price $ 53.50
Direct materials 22.00
Direct labor 10.00
Variable manufacturing overhead 3.00
Fixed manufacturing overhead 5.00
Total manufacturing cost $ 40.00
Suppose that Ironwood has been approached about producing a special order for 3,000 units of custom CV sunglasses for a new semiprofessional volleyball league. All units in the special order would be produced in the league’s signature colors with a specially designed logo emblem attached to the side of the glasses. The league has offered to pay $51.00 per unit in the special order. Additional costs for the special order total $4.00 per unit for mixing the special frame color and purchasing the emblem with the league’s logo that will be attached to the glasses.
Required:
1. Assume Ironwood has the idle capacity necessary to accommodate the special order. Calculate the additional contribution margin Ironwood would make by accepting the special order.
2-a. Calculate the current contribution margin per unit. (Round your answer to 2 decimal places.)
2-b. Suppose Ironwood is currently operating its production facility at full capacity and accepting the special order would mean reducing production of its regular CV model. Should Ironwood accept the special order in this case?
Yes
No
3. Calculate the special order price per unit at which Ironwood is indifferent between accepting or rejecting the special order. (Round your answer to 2 decimal places.)
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Related Questions
brooks is tasked with creating an effective training and development strategy for his employer. how should he begin?
Answers
The burden of developing a successful training and development strategy for his employer falls to Brooks. He should start by evaluating the organizational needs and capabilities.
A general plan to accomplish one or more long-term or overall goals in the face of uncertainty is known as a strategy. The term was first used in the 6th century C.E. in Eastern Roman terminology, and it wasn't until the 18th century that it was translated into Western vernacular languages in the sense of the "art of the general," which included several subsets of skills including military tactics, siegecraft, logistics, etc.
From that point forward, and up to the 20th century, the term "strategy" grew to mean "a comprehensive means to try to attain political aims, including the threat or actual use of force, in a dialectic of wills" in a military battle, in which both opponents interact.
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Given the following information for Mary's Taco Shop (TP, AP and MP are measured in tacos): Average Product Marginal Product Total Product (TP) 10 Labor (AP) (MP) 15 3 15 85 215 295 29 6 7 50 35 a) Fill in the blanks above. b) At which worker (labor) does Diminishing Returns start? answer. Please explain your c) If ea taco, and each worker is $50 per day then, assuming that labor is the only cost of production, how many workers should Mary hire in order to maximize profits? ch taco could be sold for $1 per
Answers
a) Average Product (AP) = Total Product (TP) / Labor (L) = 10 / 15 = 0.67
Marginal Product (MP) = (TP2-TP1) / (L2-L1) = (85-50) / (6-3) = 29
b) Diminishing Returns start when the marginal product of labor is less than the average product of labor. In this case, diminishing returns start at the third worker, when the marginal product of labor (29) is less than the average product of labor (0.67).
c) Mary should hire the number of workers that will maximize her profits, which is the number of workers that will give her the highest total product minus the total cost of the workers. In this case, Mary should hire 7 workers, since they will produce a total product of 295 tacos, which when sold at $1 each, will generate a total revenue of $295. The cost of the 7 workers will be 7 x $50 = $350, which when subtracted from the revenue gives a total profit of $295 - $350 = -$55. Adding any more workers will reduce Mary's profit.
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FIRST SCENARIO: The economy has taken a turn for the worse. The president believes the government should get the economy moving again. According to the president, the problem is that markets are flawed and they do not protect consumers. Therefore, the government should study the problem, decide what must be produced, and pass laws that require individuals and businesses to follow the government’s informed advice.
Opponents of the president see a different world. They say central planners do not have enough information to organize an economic system. Markets may seem chaotic, but prices act as signals and respond quickly to fragmented information in a dynamic economy. These price signals provide consumers, businesses, and resource owners with the information they need to coordinate action. In addition, incentives matter. Government programs often create incentives that have unintended consequences. The economy will grow if we stay the course.
What would Adam Smith say? Why?
SECOND SCENARIO: The Save Our Jobs Coalition is working to pass a law that would penalize businesses that move jobs overseas. In addition, the law would require tariffs to be imposed on imported goods that are cheaper than similar goods made in the United States. Many corporations and small businesses are in favor of raising tariffs.
Opponents of the proposed law believe freer trade promotes economic progress because it makes more sense to buy goods from a country that makes them less expensively and use the country‟s resources to make other products. A tariff may save jobs in a particular industry, but other jobs will not be created. Furthermore, prohibiting American companies from having operations overseas means the companies will be reluctant to hire people domestically and will lay off highly paid workers in their quest to cut costs.
What would Adam Smith say? Why?
THIRD SCENARIO: Business lobbyists believe the current government is anti-business. They also think competition is making it difficult to make a profit. They believe it’s time for the government to help businesses through subsidies and incentives for consumers to buy their products. They also want the government to suspend antitrust laws and make new rules and regulations that would make it more difficult for small businesses to compete unfairly with large, well-established corporations. According to the lobbyists, helping business will improve everyone’s lives.
What would Adam Smith say? Why?
FOURTH SCENARIO: “Stop Government Now” is a group that believes there is no legitimate role for government except providing for police and fire protection. Members believe almost all governmental functions should be privatized. Markets should not be regulated. Members say markets may be greedy, but free markets make us all more moral.
What would Adam Smith say? Why?
MUST WRITE A PARAGRAPH FOR EACH SCENARIO
Answers
The proposed response of Adam Smith based on each scenario is given below:
Scenario 1He would say that the pricing system should remain the main determinant of the market and the interference of the government was uncalled for.
Scenario 2He would side with the free market system and be an opponent of the law that frowns on importation.
Scenario 3He would support the suspension of the antitrust laws.
Scenario 4He would believe that markets should not be regulated and the free market system should continue.
Who is Adam Smith?He is the father of modern economics for his work in pioneering ideas such as free trade and the gross domestic product
Hence, we can see that the proposed response of Adam Smith based on each scenario is given above.
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Smith and Sons Inc. has a target capital structure that calls for 40 percent debt, 10 percent preferred stock, and 50 percent common equity. The firm's current after-tax cost of debt is 6 percent, and it can sell as much debt as it wishes at this rate. The firm's cost of preferred stock is 11 percent and its cost of retained earnings is 14 percent. The firm expects to generate $15,000 in retained earnings this year. Compute the weighted average cost of capital (WACC) break point associated with issuing new common stock
Answers
Answer: $30,000
Explanation:
The weighted average cost of capital (WACC) break point that is associated with the issuing of the new common stock will be:
= Earnings retain / Percent of common equity in capital structure
= $15000 / 50%
= $15000/0.5
= $30,000
I want to become doctor and I'm from nepal..which may be the best country for me to study
Answers
Answer:
the best would always be the USA in doctoring.
it has the best colleges etc.
Explanation:
I'm working on a critical thinking assignment in Module 3 of
MGT-481. I am looking for any resources related to option #1 of
this assignment. Thank you for any links or insight.
Answers
Critical Thinking: The Nature of Critical and Creative Thought - This resource from The University of Sydney provides an overview of critical thinking, its importance, and strategies for developing critical thinking skills. It covers topics such as logical reasoning, argument analysis, and problem-solving.
Link: https://sydney.edu.au/students/critical-thinking.html
Critical Thinking Skills for University Success - This course offered by The University of Sydney on the Coursera platform explores critical thinking skills and techniques necessary for academic success. It covers areas such as evaluating arguments, identifying logical fallacies, and effective decision-making.
Link: https://www.coursera.org/learn/critical-thinking-skills
Critical Thinking and Problem Solving - This resource from the Foundation for Critical Thinking provides an introduction to critical thinking, including the elements of reasoning, intellectual standards, and the role of critical thinking in problem-solving.
Link: https://www.criticalthinking.org/pages/critical-thinking-and-problem-solving/488
The Miniature Guide to Critical Thinking Concepts and Tools - This booklet by Richard Paul and Linda Elder presents a concise introduction to critical thinking concepts and provides practical guidance on how to apply critical thinking in various situations.
Link: https://www.criticalthinking.org/store/products/the-miniature-guide-to-critical-thinking-concepts-and-tools/206
Remember to consult your course materials and follow any specific guidelines or instructions provided by your instructor for the assignment.
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please help me quick :( (sorry meant to put chem not business)
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Before :110 After :143 percentage percentage
Answers
Answer:
19%
Explanation:
what is utility in business and marketing
Answers
Answer:
Utility marketing is the concept whereby a brand intersects the consumer at the moment of a non-commercial need, addresses their need, becomes a part of their life, and remains with them for when they're ultimately ready to make a purchase.
Pls help me with this question!
Answers
The type of bank that contributes to the national economy by managing accounts and credit lines for both individuals and businesses is a commercial bank. So, the correct choice is option C.
Commercial banks are financial institutions that play a vital role in the economy by providing a wide range of banking services to individuals, businesses, and governments. They accept deposits from customers and offer various types of accounts, including checking accounts, savings accounts, and certificates of deposit. Commercial banks also provide loans and credit lines to individuals and businesses to support their financial needs.
By managing accounts, commercial banks facilitate the safekeeping of funds for individuals and businesses, allowing them to make transactions, earn interest on their deposits, and access their funds conveniently through various banking channels.
Furthermore, commercial banks contribute to the national economy by extending credit lines to individuals and businesses. These credit lines can be used for various purposes, such as financing investments, expanding businesses, purchasing assets, or managing cash flow. By providing credit, commercial banks support economic growth, entrepreneurship, and job creation.
In summary, commercial banks are the type of bank that actively contributes to the national economy by managing accounts and credit lines for both individuals and businesses, playing a crucial role in promoting financial stability and facilitating economic activities.
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A newly released economics report states that, given current technology, the proportion of all jobs in the united states could be replaced by automation or artificial intelligence is less than 6%. If a researcher chooses a 10% significance level to evaluate the report's claim, what is/are the critical value(s) for this left-tailed hypothesis test (ha:p
Answers
the critical value for this left-tailed hypothesis test is 0.90. Any test statistic falling below this value would lead to the rejection of the null hypothesis.
In a left-tailed hypothesis test, the critical value(s) represent the threshold below which the test statistic must fall in order to reject the null hypothesis. Since the claim in the report states that the proportion is less than 6%, it is a left-tailed test.
At a 10% significance level, the critical value is found by subtracting the significance level (10%) from 1. This is because the critical value represents the point beyond which the null hypothesis is rejected.
Critical value = 1 - Significance level
= 1 - 0.10
= 0.90
Therefore, the critical value for this left-tailed hypothesis test is 0.90. Any test statistic falling below this value would lead to the rejection of the null hypothesis.
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How do you insert these into files. I have no idea where to place the suggested edits.
Answers
Assuming you are referring to suggested edits in a file, here's how you can insert them into the file:
First, open the file you want to edit. Then, locate the suggested edits that have been given to you. These may be in the form of a diff file or a patch file. The main answer to your question is that you need to apply the suggested edits to the file by using a patch utility. There are many patch utilities available, such as diff, patch, and Git. These utilities work by comparing the original file with the edited file and generating a patch file that describes the changes that were made. You can then use this patch file to apply the changes to the original file. The patch utility will take care of inserting the edits at the appropriate places in the file.
Open a command prompt or terminal window and navigate to the directory containing the file you want to edit.
Type the following command:
patch < patchfile
Where patchfile is the name of the patch file you want to apply. Press Enter. The patch utility will read the patch file and apply the changes to the original file. If there are any conflicts, the patch utility will let you know and ask you to resolve them manually. Once the patch is applied, the suggested edits will be inserted into the file at the appropriate places.
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Please help Sunflowerssk i need you please Answer as fast as you can
What are examples of plagiarism? Choose Plagiarism or Not Plagiarism.
Answers
Answer:
option 1- plagiarism
option 2- not plagiarism
option 3- plagiarism
option 4- plagiarism
option 5- not plagiarism
option 6- not plagiarism
Explanation:
Plagiarism is using someone else's work without giving credit to the original or claiming it as your own.
Answer: There are the 6 answers for the answer key to each of the following "Plagiarism" or "Not Plagiarism" sentence statements based on the "True" or "False" statement:
For sentence statement #1: "Copying the text from a book or website word for word without using the quotation marks.", the option to this sentence statement is "Plagiarism". For sentence statement #2: "Taking the notes from the website.", the option to this statement sentence is "Not Plagiarism". For sentence statement #3: "Presenting the other's idea as your own without citing your sources.", the option to this sentence statement is "Plagiarism". For sentence statement #4: "Using a picture that you found on a website and presenting it as your own.", the option to this sentence statement is "Plagiarism". For sentence statement #5: "Using a famous picture in a presentation with the picture title, the artist name, and the date in the corner of the slide.", the option to this sentence statement is "Not Plagiarism". And last but not least is for sentence statement #6: "Using the facts from a website in a presentation and citing the source of this information.", the option to this sentence statement is "Not Plagiarism".Explanation: Here are the 5 important explanation reasons why you can't recommend yourself to use plagiarism:
Plagiarism means you steal and pass off someone else's creative ideas and claim your own work assignment as your own without giving the proper credit to the original. Plagiarism is serious consequences and is also a violation of the principles of academic integrity. Plagiarism could have more serious consequences: you could get a failing grade, the teacher will send you to the principal's office for dismissal, in-school or out-of-school suspensions, hour after-school detention or possibly an expulsion for receiving "F" for your own entirely class. Plagiarism also means stealing intellectual property. And last but not least is cheating is the same as plagiarism.I hope my explanation answer about the "Plagiarism" or "Not Plagiarism" Sentence Statement that is based on the "True" or False" Sentence Statement is very helpful to your own question and have a great day! :D
Sincerely,
Jason Ta,
The Ambitious of The Brainly And The Role of The TDSB And The WHCI Student of The High School.
Which statement most accurately describes a conflict of commitment? It involves a monetary gain by one party over another party. It occurs when outside activities interfere with one’s responsibilities to an employer. It occurs when an institution does not follow the financial rules from a funding source. It can only occur between an institution and an outside organization.
Answers
Answer:
It occurs when outside activities interfere with one's responsibilities to an employer
Explanation:
Conflict of commitment occurs when the commitment of an employer to a defined terms of employment is shared with other engagements, either personal or with other parties which could lead to a decline in efficiency due to loss of maximum concentration.
This may not necessarily involve monetary gain but has a whole lot of ways through which it can affect productivity as concentration is shared.
It is always good to define activities that constitute conflict of commitment right from the time of forming an employment contract so that an employee can be guided with it.
A business analyzes what competitors are charging for products.
Answers
When a business analyzes what the competitors are charging for their products, it is known as the process of marketing info management.
What is the significance of business competitors?A business competitor can be referred to or considered as an organization that deals in the same product that is offered for sale by other enterprises in the same market.
It is important for a business to keep an eye on the acts of its competitors, as it helps them in keeping themselves updated with marketing info management.
Therefore, the significance regarding the business competitors has been aforementioned.
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it is cheaper for a cable company's customers to sign up for a package that includes cable, internet, and phone service than for them to purchase each of these services individually. this is an example of
Answers
It is cheaper for a cable company's customers to sign up for a package that includes cable, internet, and phone service than for them to purchase each of these services individually. This is an example ofis an example of product-bundle pricing.
Purchasing is the technique that includes commercial enterprise or organization makes use of to acquire items or offerings to accomplish its dreams.
Although there are several agencies that try and set requirements for the shopping procedure, methods can range substantially among businesses.
Kind of purchases :
Private Purchases.Mercantile purchasing. Business shopping.Purchasing is becoming a middle competency of the firm, locating and growing providers and bringing in expertise that is notably valued through the company. Buying is normally responsible for spending greater than 50 percent of all of the sales the firm receives as income from income.
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You send out 15,000 emails and 350 are opened. What is your open rate?
Answers
Answer:
A 2.3%
Explanation:
knowledge matters
2.3% is your open rate. As You send out 15,000 emails and 350 are opened.
What is open rate?An email marketing indicator called open rate calculates the proportion of receivers who opened emails from a certain campaign. You figure it out by dividing the total number of recipients by the number of persons that opened the email.
The open rate is computed by dividing the number of email recipients by the number of email opens. The open rate that is averaged over all email campaigns is known as the average open rate.
Industry-specific email open rates and the caliber of your email list both affect how often people read your emails. The average email open rate, however, is 17.92% across all industries. This indicates a desirable open rate is anything between 15% and 25%.
Thus, 2.3% is your open rate.
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probably the single most important factor in predicting the success of a new product in its degree of __ compared to existing products
Answers
Relative value of the new product in comparison to old products is perhaps the single most crucial aspect for accelerating theadoption & diffusion process and ensuring the product's success.
What three diffusion processes are there?Chemical potential-higher to potential-lower zones are where molecules disperse. The three mechanisms by which diffusion takes place are chemical g, self-diffusion, and intradiffusion.
What in finance is a diffusion process?By the diffusion process, financial terms a view of how a stock's price fluctuates that holds that the price assumes all intermediate values.
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Figure: Price Discrimination 1
Firm _____ will have a higher profit because demand for its
product is _____.
B; less elastic
B; more elastic
A; more elastic
A; less elastic
Answers
The Firm B will have a higher profit because demand for its product is less elastic. The correct option is A.
The firm B will have a higher profit because the demand for its product is less elastic. This means that when the firm B changes its price of the product, the demand for the product will remain the same. Therefore, Firm B can increase its prices and not see a major fall in sales, which means it will have a higher profit. However, in contrast, firm A will have a lower profit because demand for its product is more elastic.
This means that if the firm A changes its price of the product, the demand for the product will change, as well. Therefore, if firm A increases the prices of the product, then it will see a fall in sales, which means it will have a lower profit. The price elasticity of demand refers to the responsiveness of the quantity demanded of a product due to a change in its price. If the price elasticity of demand is high, then demand will change more significantly with a change in price.
If the price elasticity of demand is low, then the demand will change less significantly with a change in price.
The correct option is A.
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Why is the housing market not a perfectly competitive market
Answers
Answer:
houses are essential. a need doesn't fall in perfect competition conditions.
Who regulate all banks?
Answers
All national banks, federal savings associations, and federal branches and agencies of foreign banks are regulated, governed, and overseen by the OCC. The U.S. Department of the Treasury's OCC is a stand-alone bureau.
National banks are governed by the Office of the Comptroller of the Currency, but they are required to be members of the Federal Reserve System (OCC). Because it is the federal regulator for bank holding corporations, the Federal Reserve oversees and controls a number of significant banking institutions (BHCs).
The OCC works to make sure that national banks and federal savings organizations run safely and soundly, offer equitable access to financial services, treat customers fairly, and adhere to all applicable laws and regulations.
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You are paying an effective annual rate of 18.75 percent on your credit card. The interest is compounded monthly. What is the annual percentage rate on this account?
Answers
The direct answer is that the annual percentage rate (APR) on the credit card account is also 18.75 percent.
The APR represents the true annual cost of borrowing, including any fees or additional costs associated with the credit card. In this case, since the interest is compounded monthly, the effective annual rate and the APR are the same at 18.75 percent. This means that for every $100 you borrow, you would be charged $18.75 in interest over the course of a year. It's important to note that the APR allows consumers to compare the costs of different credit cards and loans more accurately, as it accounts for compounding and other fees.
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Henry conducted a survey on an ad done by his company. In the survey, he asked people to evaluate the ad and state whether they found it extremely poor poor good, very
good, or excellent. What kind of test is Henry conducting in this survey?
A
day after recall test
entals of
ment UA
B.
Interview test
C. rating scale test
D. open-ended test
Reset
Next
Page 2 of
© 2020 Edmentum. All rights reserved.
tv
MacBook Air
Answers
Answer:
C. rating scale test
Explanation:
A rating scale test is a type of data collection method used to gather comparative information about a specific research subject. It is a multiple-choice question that allows survey respondents to assign a value to the question asked.
This data collection method enables survey respondents to express their feelings, perceptions, interests, and preferences on the sibject matter. Different rating scales include numerical scales, heart rating scales, and Likert scales.
Answer:
I think the answer is rating scale test! hope this helped
Refer to the revenue arrangement in E18-10. Repeat the requirements, assuming (a) Geraths estimates the standalone selling price of the installation based on an estimated cost of $400 plus a margin of 20% on cost, and (b) given uncertainty of finding skilled labor, Geraths is unable to develop a reliable estimate for the standalone selling price of the installation. (Round amounts to nearest dollar.)
Answers
In scenario (a), Geraths estimates the standalone selling price of the installation as $480 based on a 20% margin on the estimated cost of $400. In scenario
The revenue arrangement in E18-10, considering the two different scenarios mentioned. Here's a concise step-by-step explanation:
1. In scenario (a), Geraths estimates the standalone selling price of the installation based on an estimated cost of $400 plus a margin of 20% on cost. To calculate the standalone selling price, first determine the margin amount: $400 * 20% = $80. Then, add the margin to the cost: $400 + $80 = $480. So, the standalone selling price of the installation is $480.
2. In scenario (b), Geraths is unable to develop a reliable estimate for the standalone selling price of the installation due to the uncertainty of finding skilled labor. In this case, Geraths should apply an appropriate estimation method that best predicts the standalone selling price, such as the expected cost plus margin approach or a residual approach if other performance obligations have an observable standalone selling price.
To summarize, in scenario (a), Geraths estimates the standalone selling price of the installation as $480 based on a 20% margin on the estimated cost of $400. In scenario (b), Geraths should use an appropriate estimation method to determine the standalone selling price of the installation, as it is not possible to develop a reliable estimate due to the uncertainty of finding skilled labor.
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If a company is in new york city, and a qualified applicant lives across the country in california, what would be the most cost effective interview format to use? a. distance interview b. performance interview c. group interview d. behavioral interview
Answers
The offered statement indicates that a remote interview may be the most economical interview style.
What do you mean by price?The cost is the worth of money which has been expended in the production or delivery of a good or service and is therefore no longer accessible for use in accounting, retail, research, or accounting. In trade, the expenditure may be associated with acquisition, for which event the cost is the sum of the money used to obtain it.
What do company costs entail?The cost is the sum of funds that a company pays on the development or manufacturing of services or products. Any markup for profit is excluded.
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Answer: distance interview
Explanation: i got a 100% on the test
and its the one that makes the most sense
anyone know how to do these economic credit score problems??
Answers
Answer:
please share the question nicely fristy
Explanation:
The process of recording audio or video files and distributing them online via RSS subscriptions is referred to as _____________________.
A. instant messaging
B. podcasting
C. blogging
D. messaging
E. microblogging
Answers
The process of recording audio or video files and distributing them online via RSS subscriptions is referred to as podcasting. Option B is correct.
Podcasting is a method of distributing digital audio or video files over the internet, allowing listeners to download or stream them at their convenience. Podcasts are typically delivered via RSS (Really Simple Syndication) feeds, which allow subscribers to automatically receive new episodes as they are released.
Podcasting has become a popular medium for a wide range of content, including news, entertainment, education, and marketing. It offers an accessible and convenient way for creators to reach audiences and engage with listeners, as well as a powerful tool for building brand awareness and loyalty.
Therefore, option B is correct.
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Somebody report all my post thank you ♀️ I wanted everything deteled !!!!
Answers
Employees are more likely to take prudent risks to a build stronger business and sustain the company's success in addition to taking responsibility for their actions when they are O not pressurized with deadlines O offered extensive training given less work empowered to immediately resolve customer problems
Answers
Research has shown that employees who are not pressurized with deadlines, offered extensive training, given less work, and empowered to immediately resolve customer problems are more likely to take prudent risks to build a stronger business and sustain the company's success.
When employees are given the time and resources to develop their skills and knowledge, they feel more confident and capable in their roles. Additionally, when employees are empowered to take ownership of their work and resolve issues on their own, they feel a greater sense of accountability and responsibility for the success of the company. This ultimately leads to a more engaged and committed workforce, which is critical for the long-term success of any organization.
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How does industrial education affect industries?
Answers
Answer:
Industrial education will help student to know and understand industry demand. ... First, adaptability is a skill will help students to know and understand industry work and world, such as how to use technology, follow all industry SOP, all new chalanges industry, etc. Second, communication is an important skills to had.