Answer:
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A product policy is simply concerned with defining the type, timing, and the volume of products that a company offers for sale.
The distribution policy refers to the strategy that's used by a company to ship it's products. This can be through intermediaries, dual distribution, etc.Communication policies simply entails how the product will be advertised. These can be through social media, televisions, etc.Lastly, pricing policy refers to how the company will set its price.
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explain metacommunication message.
Answer:
A message that relates to communication about communication is known to it as metacommunication. It involves sending a message that analyses or clarifies the significance of another communication. In other terms, instead of conveying the message itself, it is conveying how a message is delivered.
Saying, "I don't like your tone of voice," for instance, is an example of metacommunication since it refers to the manner in which the information was conveyed rather than its content.
Explanation:
Effective communication includes metacommunication because it assures that the act gives people and comprehends the intended message. By high and clear communication, it can also contribute to the growth of trust and stronger bonds between people.
The context and the relationship between the parties engaged would determine the best channel to use when transmitting a metacommunication message. Delivering the message face-to-face may be suitable in some circumstances, but using written communication techniques such email or a note could be better in the others.
The proper medium for metacommunication can rely on the company culture. Presenting a metacommunication message in person may be more effective, for instance, in a business which places a high value on face-to-face interaction and collaboration.
Finally, metacommunication can be an excellent tool for fostering good communication and developing solid relationships, but it's crucial to choose the correct channel and take the user's surroundings into account.
What you're expressing orally may be supported or contradicted by a secondary declaration of intent called metacommunication. In other words, it's the message you convey to another person through your body language.
What is metacommunication, and how does it work?Your verbal and nonverbal communication are combined to form metacommunication, according to psychologists. For instance, if you greet someone and then roll your eyes at the same time, they won't think you are genuinely happy to see them.
Which is the most effective instance of metacommunication?Metacommunication is exemplified by the statement, "I feel like we aren't conversing much lately.
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If you wish to receive R57145 in two years time and you can earn an interest rate of 8% per annum compounded annually how much in rands (no cents) should you invest today?
You should invest R57145 in rands today. Interest is the fee paid for having access to borrowed funds.
While the interest rate used to compute interest is often reported as an annual percentage rate (APR), interest expense or revenue is frequently expressed as a dollar figure. The compensation a lender or financial organization receives for giving out money is called interest. The percentage of a stockholder's ownership in a corporation that is also referred to as interest.
The cost of borrowing money is called interest, and it is typically stated as a percentage, such as an annual percentage rate (APR). Lenders may charge interest to borrowers for using their funds, or borrowers may charge interest to lenders for using their funds.
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Kayak Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Kayak Company's production costs for the year were: direct labor, $30,000; direct materials, $50,000; and factory overhead applied $6,000. The predetermined overhead rate was: Multiple Choice 5.0%. 12.0%. 20.0%. 500.0%. 16.7%
Answer:
Estimated manufacturing overhead rate= 20%
Explanation:
To calculate the predetermined overhead rate, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
6,000= Estimated manufacturing overhead rate*30,000
Estimated manufacturing overhead rate= 6,000 /30,000
Estimated manufacturing overhead rate= $0.2 per direct labor dollar
As a percentage= (0.2/1)*100= 20%
The small country of Benin has many international trading partners between not only countries close by, but also larger countries such as the U.S. What is one of the benefits that Benin receives from lowering its trading barriers? It receives a fixed quantity of goods and services which supply the population by limiting the number of goods and services available. The economy needs to produce goods and services that the country requires. Workers and firms in the country can now specialize in areas because other goods and services are found through trade.
In contrast to what would have been achievable domestically, trade between two agents or nations enables the countries to enjoy a higher overall production and level of consumption.
What is one advantage that Benin gains from relaxing its trade restrictions?
Competition in the liberalized industry may be boosted by lowered trade and FDI restrictions on finished goods (s). This can assist businesses in utilizing economies of scale, enhancing efficiency, incorporating foreign technology, and innovating.
The potential of an improved trade balance and the protection of homegrown growing sectors are benefits of trade protectionism. Inefficiencies in the economy and a lack of customer choice are drawbacks. Other nations retribution is another concern for nations. Non-tariff obstacles that might otherwise obstruct the flow of products and services can also be addressed through free trade agreements, which can serve to enhance regulations governing matters like intellectual property, e-commerce, and public procurement.
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Save our homes amendment, annual homestead assessment increases are limited to what maximum percentage
Save our homes' amendment, annual homestead assessment increases are limited to 3% is the maximum percentage.
What is annual homestead assessment?A Florida constitutional amendment known as "Save our Houses" became operative in 1995. It caps the annual growth in the assessed valuation of homestead properties to 3%, or whatever amount is less than the change in the National Consumer Price Index.
Voters changed the Florida Constitution in 1992, creating Amendment 10, which limits the Assessed Value of properties with Homestead Exemption to 3% or the Consumer Price Index, whichever is less.
Thus, 3% is the maximum percentage.
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A $1,000 par value bond sells for $1,216. It matures in 20 years, has a 14 percent coupon, pays interest semiannually, and can be called in 5 years at a price of $1,100. The bond's yield to maturity is: (Round the answer to two decimal places.)
Answer:
The bond's yield to maturity is 11.26%
Explanation:
The computation of the yield to maturity is shown below:
Given that
Present value = PV = $1,216
Future value = FV = $1,000
NPER = 20 × 2 = 40
PMT = 1,000 × 14% ÷ 2 = $70
The formula is shown below:
= RATE(NPER;PMT;-PV;FV;TYPE)
After applying the above formula
The bond yield to maturity is
= 5.63% × 2
= 11.26%
Woolies environmental impact in relation to the triple bottom line
The environmental impact as regard is the Triple bottom is that Woolies has reduced the ways that it sends wastes to landfills and has also embraced the method of recycling.
What is the triple bottom line?This is the term that is used to refer to a sustainable network or frame work that a business may have to adopt. What this means is that they would have to adopt the practice of measuring the success of the business through the eyes of the following elements.
peopleplanetprofitHence The environmental impact as regard is the Triple bottom is that Woolies has reduced the ways that it sends wastes to landfills and has also embraced the method of recycling.
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prowed inder ires. Ta, kender Acobututh Aron: Contule Ae: firparaton for a mual audt ware not inclabd ie the becenter 31 mokerer tount. mis mised in the Deconter 31 inentery tase the bor in in our warahous on inaten. Fer the imventory nums, alene prave a bele in the folounc torme asaes admithed above. Mreuinat: You are a junior accountant, recently employed by Tech 4U, a company that sells smartphones that are customized for each user through a specialized process that allows the purchaser's own photographs to be printed directly on the surface of the phone. As well, the company provides internet access (WiFi hotspots) to customers who choose to purchase their phones with a two-year service plan. The company is based in Alberta and has recently been listed on the TSX Venture Exchange. The December 31,2022 year-end will be the first year that the company is required to present financial statements prepared under IFRS. You arrive at work on a Monday morning in early January 2023 and receive the following email: To: Junior Accountant From: Controller Re: Preparation for annual audit I am preparing the working papers for the December 31,2022 year-end audit to present to the company's auditors when they arrive late next week. In reviewing the draft financial statements and other information, I have identified several issues that need to be addressed: 1) Inventory Errors: in reviewing the documentation obtained during the December 31, 2022 inventory count, I discovered a number of errors. The details are provided below. a) We received an invoice from a supplier on January 3,2023 for goods we purchased with a cost of $16,000. This invoice was entered into our accounts payable system on that date. The goods were shipped by the supplier on December 26,2022 and were received by us on January 3,2023 . The invoice terms were 2/10,n30, FOB shipping. These goods were not included in the December 31 inventory count. b) Included in the inventory count were goods we sold with a cost of $13,000, which were waiting to be picked-up by the freight company for delivery to customers. The terms were 1/10 net 30,FOB shipping. The goods had been invoiced to the customers on December 31,2022 at $22,000. c) We discovered one box of clear plastic covers used to finish the printing process that was missed in the December 31 inventory count. The box was in our warehouse on December 31,2022 but was missed because it was hidden in a corner, behind several other boxes. The box had a cost of $2,000, and the invoice from the supplier had been recorded in our accounts payable system prior to December 31,2022. 2) Revenue Recognition: we offer three options to our customers. They may purchase the phone itself without any photo printing or internet access, they may buy the phone with photo printing but no internet access, or they may buy the phone with internet access and the photo printing. Our product prices and unit sales for 2022 are as follows: Although we only offer these bundles, we have determined using the adjusted market assessment approach that the stand-alone selling price of the photo printing process is $200, and the stand-alone selling price of the internet access is $475. Before I finalize the working papers for the auditor, I need you to summarize the key financial reporting issues. For the inventory errors, please provide a table in the following format: The table should indicate the effect of each error on the relevant accounts if the error remains uncorrected. As well, please provide an explanation of your reasoning for each error. For the revenue recognition issue, please identify the separate performance obligations that we will need to consider in our accounting and provide a calculation showing how much revenue should be recognized in 2022 . Also calculate the amount of deferred revenue that will se reported on the balance sheet at December 31,2022 . Although sales occurred throughout the year, I would like you to simplify the calculation ty assurning all sales occurred on June 30, 2022. I am away on a conference this week. Please provide a memo to me by next Monday that addresses the issues identified above. Required: Prepare the requested memo to the controller. ( 30 marks)
Answer:
Memo
To: Controller
From: Junior Accountant
Date: [Insert date]
Subject: Inventory Errors and Revenue Recognition
I have reviewed the issues you have raised with respect to the December 31, 2022 inventory count and revenue recognition. Please find below the requested information.
Explanatio:
a) Purchases made on December 26, 2022, and received by us on January 3, 2023, for which we received an invoice on January 3, 2023, were not included in the December 31, 2022 inventory count. The effect of this error is that the inventory balance is understated by $16,000, and accounts payable is overstated by $16,000.
b) Goods sold with a cost of $13,000, which were waiting to be picked up by the freight company for delivery to customers, were included in the December 31, 2022, inventory count. The effect of this error is that the inventory balance is overstated by $13,000, and cost of goods sold is understated by $13,000.
c) One box of clear plastic covers used to finish the printing process was missed in the December 31, 2022, inventory count. The box was in our warehouse on December 31, 2022, but was missed because it was hidden in a corner behind several other boxes. The effect of this error is that the inventory balance is understated by $2,000, and cost of goods sold is overstated by $2,000.
Revenue Recognition:
We offer three options to our customers, and we have determined that the stand-alone selling price of the photo printing process is $200, and the stand-alone selling price of internet access is $475. Therefore, there are two separate performance obligations that we need to consider in our accounting: the phone with photo printing and the phone with internet access.
To calculate the revenue that should be recognized in 2022, we need to estimate the percentage of completion for each performance obligation as of December 31, 2022. Assuming that all sales occurred on June 30, 2022, we can calculate the percentage of completion for each performance obligation as follows:
Phone with photo printing: (600/1000) x 100 = 60%
Phone with internet access: (400/1000) x 100 = 40%
Therefore, the revenue that should be recognized in 2022 is calculated as follows:
Phone with photo printing: $1,200,000 x 60% = $720,000
Phone with internet access: $1,900,000 x 40% = $760,000
The total revenue that should be recognized in 2022 is $1,480,000.
The amount of deferred revenue that will be reported on the balance sheet at December 31, 2022, is calculated as follows:
Phone with photo printing: $1,200,000 x (100% - 60%) = $480,000
Phone with internet access: $1,900,000 x (100% - 40%) = $1,140,000
The total deferred revenue that should be reported on the balance sheet at December 31, 2022, is $1,620, blah blah, u adjust since i cant do the math properly rn
a teammate tells you that you tend to take over shared projects. you've gotten this feedback from other too. what should you say? A I wish you would have mentioned this during projects. please be sure to do so on the next one. B I'm sorry you're feeling left out, I'll be sure to give you more to do on the next one. C I'm sorry maybe we can work together to divide our responsibility on the next one. D I've gotten this feedback before, I just like things done a certain way. E I'm used to leading projects, so I usually just take over without even realizing it
Answer:
C
Explanation:
even if it's unintentional we should apologize professionally
Which $1,000 bond has the higher yield to maturity, a twenty-year bond selling for $800 with a current yield of 15% or a one-year bond selling for $800 with a current yield of 5%?
Answer:
Bond A is far better.
Explanation:
Assuming you're spending $800 on every bond.
After twenty years,
Bond A will be:
⇒ \(800\times 1.15^{20}+200\)
⇒ \(13,293\)
Bond B will be:
⇒ \(800\times 1.05^{20}\)
⇒ \(2,123\)
So that the above is the appropriate answer.
Once you have this, you can most likely begin creating your slide presentation.
A. An outline of the material you want to cover in your slide presentation.
B. The date and location of your slide presentation.
C. The best colors and size to use for your fonts.
D. A good collection of images
Answer:
A. An outline of material you want to cover in your slide presentation.
Answer:
A.
Explanation:
The Valley Wine Company produces two kinds of wine—Valley Nectar and Valley Red. The wines are produced from 64 tons of grapes the company has acquired this season. A 1,000-gallon batch of Nectar requires 4 tons of grapes, and a batch of Red requires 8 tons. However, production is lim- ited by the availability of only 50 cubic yards of storage space for aging and 120 hours of process- ing time. A batch of each type of wine requires 5 cubic yards of storage space. The processing time for a batch of Nectar is 15 hours, and the processing time for a batch of Red is 8 hours. Demand for each type of wine is limited to seven batches. The profit for a batch of Nectar is $9,000, and the profit for a batch of Red is $12,000. The company wants to determine the number of 1,000-gallon batches of Nectar ( x 1 ) and Red ( x 2 ) to produce in order to maximize profit.Formulate a linear programming model for this problem.Solve this model by using graphical analysis.
Answer:
maximize 9000n + 12000r
constraints:
4n + 8r ≤ 645n + 5r ≤ 5015n + 8r ≤ 120n ≤ 7r ≤ 7n ≥ 0r ≥ 0
using solver, the solution is:
4 1,000 gallon batches of nectar wine and 6 1,000 gallon batches of red wine
maximum profit = (4 x $9,000) + (6 x $12,000) = $108,000
..S11.16 Monczka-Trent Shipping is the logistics vendor for
Handfield Manufacturing Co. in Ohio. Handfield has daily ship-
ments of a power-steering pump from its Ohio plant to an auto
assembly line in Alabama. The value of the standard shipment is
$250,000. Monczka-Trent has two options: (1) its standard 2-day
shipment or (2) a subcontractor who will team drive overnight
with an effective delivery of one day. The extra driver costs $175.
Handfield's holding cost is 35% annually for this kind of inventory.
a) Which option is more economical?
b) What production issues are not included in the data presented?
1. The standard 2-day shipment is more economical
2. The impact of transportation time on production schedules, the availability of the power-steering pump at the Ohio plant, and the impact of any delays or disruptions in transportation are not discussed here
What option is more economical?a) To determine which option is more economical, we need to calculate the total cost of each option, taking into account the cost of transportation and the holding cost of the inventory.
Option 1: Standard 2-day shipment
Transportation cost: Assuming the transportation cost for the standard 2-day shipment is $1,000, which is typical for a shipment of this value, the total cost would be:
$1,000 + (0.35/365 x $250,000 x 2) = $1,845.21
Option 2: Overnight team driveTransportation cost: Assuming the transportation cost for the overnight team drive is $1,175 ($1,000 for the standard shipment plus $175 for the extra driver), the total cost would be:
$1,175 + (0.35/365 x $250,000 x 1) = $1,877.40
Therefore, the standard 2-day shipment is more economical with a total cost of $1,845.21, compared to the overnight team drive with a total cost of $1,877.40.
b) There are several production issues not included in the data presented, such as the impact of transportation time on production schedules, the availability of the power-steering pump at the Ohio plant, and the impact of any delays or disruptions in transportation on the assembly line in Alabama. These issues can affect the overall cost and efficiency of the production process and should be considered when making decisions about transportation and logistics.
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Does anyone know how to do this worksheet? I’m very confused.
Answer: Look up the definitions.
Explanation:
I know this isn’t very helpful but knowing what the definitions of the words will help a LOT.
Also, does anyone have an answer to Why did the history of digital animation begin in 1946?
impact of scarcity
0 People are able to meet most of their needs
0 Consumers must pay higher prices for many items
0 Governments must try to meet the wants of citizens
0 Economies can work to provide goods and services
Among the given options, the most suitable answer that captures the impact of scarcity is Option B. Consumers must pay higher prices for many items.
Scarcity creates competition for resources, leading to increased demand and limited supply. As a result, consumers have to compete for goods and services, which drives up prices. When resources become scarce, producers may need to increase prices to maintain profitability or manage the limited supply. This higher cost is eventually passed on to the consumers, who are left paying more for the items they desire.
Scarcity also influences the decisions made by governments and economies. Option C, "Governments must try to meet the wants of citizens," is not the most accurate because governments cannot fully meet all the wants of citizens due to the inherent limitation of resources. However, governments can implement policies and allocate resources to address essential needs and prioritize certain areas, such as healthcare, education, or infrastructure, in response to the scarcity of resources.
Option D, "Economies can work to provide goods and services," is a broader statement that encompasses the functioning of market systems and economies. Scarcity drives economies to allocate resources efficiently, innovate, and create solutions to produce and provide goods and services that best meet the demands of consumers within the available resources.
In summary, the impact of scarcity manifests in higher prices for consumers as they compete for limited resources. While governments and economies play a role in addressing scarcity, it is important to recognize that scarcity itself imposes constraints and necessitates trade-offs in resource allocation. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
impact of scarcity
A. People are able to meet most of their needs
B. Consumers must pay higher prices for many items
C. Governments must try to meet the wants of citizens
D. Economies can work to provide goods and services
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Websites are hosted on a server and each of these servers has its own unique IP address. What does the 'IP' stand for?
A
Internet Position
B
Internet Placement
C
Internet Privatisation
D
Internet Protocol
'IP' stand for Internet Protocol.
Internet Position : This is not a general concept. However, it is mainly used by his ISP service. The towers seen in our city work with Internet locations. Mobile phones get better network speeds depending on their internet location.
Internet Placement: This means turning on airplane mode will change your mobile IP. This is why it is published online. This process runs when you turn off your phone.
Internet Privatisation : Simply put, privatization of the Internet starts working when you change your DNS servers. When we are private on the internet with a VPN, we are the privatizer of the internet.
Internet Protocol: This is one of the most important things for every website and Internet user. Anyone who connects to the internet on their device has an IP address. Simply put, an internet-connected device provided a specific IP. The website also has its own IP. Because of this, you can access the Internet.
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Owner's contributions to a business are made in the form of
A. equipment, supplies, and withdrawals
B. cash, equipment, and withdrawals
C. equipment, supplies, and cash
D. supplies, withdrawals, and cash
Answer:
a
Explanation:
Keeping track of your cash, payables, and records can be challenging. Find out the most efficient ways to keep your money and your records in line and updated appropriately.
If your company is a typical business, you deal with a variety of cash transactions. Lumping all these transactions into one record may be tempting, but it's almost always a bad idea.
You'll want to record your cash transactions in a number of different ways, depending on the nature of your business.
Sales and cash receipts journal: To simplify your recordkeeping, we recommend that you combine your sales and cash receipts in a single journal.
Daily cash sheet: If cash transactions are a significant part of your business, you should also prepare a daily cash sheet to reconcile your cash received and paid out for the day. If you use a daily cash sheet, you can reconcile your cash receipts with your daily deposit into your bank account.
Cash disbursements journal: Your daily cash disbursements should be recorded here.
Bank reconciliation: Reconciling your records with your monthly bank statement verifies the amount you have in your checking account. It will also help you find bookkeeping errors. It could also enable you to detect (and remedy) irregularities such as employee theft.
Petty cash fund: If your customers normally pay by check, having a petty cash fund will provide you with cash on hand to pay miscellaneous small expenses. A petty cash fund isn't necessary if you use a cash register and always have currency on hand, as long you keep track of these small purchases.
Maintaining daily cash sheets
A cash sheet is a daily reconciliation of cash received and cash paid out. If a good deal of your business is transacted in cash, such as in a retail store, you should prepare a cash sheet at the end of each day. It's sound practice to deposit all cash receipts in your bank account daily.
In his career explorations class, Navid took
and he discovered that he is an outgoing person and truly enjoys being around many people.
In his career explorations class, Navid took personality assessments and he discovered that he is an outgoing person and truly enjoys being around many people. This realization can open up a variety of career options for Navid, as there are many professions that require individuals who are comfortable interacting with large groups of people.
For instance, Navid may consider a career in sales, where he can use his outgoing personality to establish connections with potential clients and close deals. Alternatively, he may pursue a career in public relations, where his ability to build relationships with people can be utilized to promote products or services on behalf of his clients.
Another potential option for Navid is event planning, where his sociable nature can come in handy for organizing events and engaging with attendees. He could also consider a career in teaching or coaching, where his ability to connect with others can help him to motivate and inspire his students or team members.
Overall, Navid's realization about his outgoing personality can be a valuable asset in his career journey, as it can help him to narrow down his options and find a job that is fulfilling and enjoyable for him. By understanding his personality traits, Navid can make informed decisions about his career path and set himself up for success in the long run.
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New Venture Management (1)
1. Explain the below the process of financial management.
*. Importance of Financial Statements - Preparation of historic Financial statements
*. Forecasts - Preparation of Forecasts
*. Budgets - Preparation of pro forma financial statement
*. Financial Ratios - Ongoing analysis of financial results
The process of financial management involves the preparation and analysis of historic financial statements, forecasts, budgets, and ongoing monitoring of financial ratios.
The process of financial management involves several key components that contribute to effective financial decision-making and the overall financial health of a business. Here is an explanation of each component:
Importance of Financial Statements - Preparation of Historic Financial Statements:
Financial statements, such as the income statement, balance sheet, and cash flow statement, provide a historical snapshot of a company's financial performance, position, and cash flows. These statements are crucial for assessing profitability, liquidity, solvency, and overall financial stability. By analyzing past financial statements, management can identify trends, evaluate the impact of previous decisions, and make informed decisions for the future.
Forecasts - Preparation of Forecasts:
Forecasts involve projecting future financial performance based on historical data, market trends, and other relevant factors. This process helps businesses anticipate potential opportunities, challenges, and financial needs. Forecasts typically include projected income statements, balance sheets, and cash flow statements, providing insights into expected revenue, expenses, assets, liabilities, and cash flows. It enables management to plan and allocate resources effectively, set financial goals, and make strategic decisions.
Budgets - Preparation of Pro Forma Financial Statements:
Budgets are financial plans that outline anticipated income, expenses, and cash flows for a specific period, typically on a monthly, quarterly, or annual basis. Pro forma financial statements, including pro forma income statements, balance sheets, and cash flow statements, are created as part of the budgeting process. Budgets help in setting targets, allocating resources, and monitoring performance against the planned financial objectives. They serve as a roadmap for financial management and aid in identifying areas that require adjustment or improvement.
Financial Ratios - Ongoing Analysis of Financial Results:
Financial ratios are quantitative indicators that provide insights into a company's financial performance, efficiency, and profitability. Ratios compare different financial figures from the financial statements to assess liquidity, profitability, solvency, efficiency, and other key aspects. By monitoring and analyzing financial ratios on an ongoing basis, management can identify trends, compare performance against industry benchmarks, and make informed decisions to optimize financial performance. These components contribute to understanding a company's financial position, making informed decisions, and driving sustainable growth and profitability.
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25 points and brainliest. Dawn works in a car manufacturing factory. She spends her day
assembling the locks for car doors and placing them along an assembly
line. The pathway in the Manufacturing career cluster that Dawn
works in is
Production
Manufacturing Production Process Development
Maintenance, Installation & Repair
Quality Assurance
Answer:
im pretty sure the answer is "Manufacturing Production Process Development"
Answer:
cool beanzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Explanation:
Johnson Inc. is a job-order manufacturing company that uses a predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. For the current year, estimated direct labor hours are 95,000 and estimated factory overhead is $617,500. The following information is for September of the current year. Job A was completed during September, and Job B was started but not finished.
Ben invest $10,000 at a rate of interest of 5 percent for 40 years. Which of the following statements about the return on the investment is true?
Answer:
a. Ben will receive a significant amount at the end of the investment period, due to the feature of compounding.
Multiple choice options
a. Ben will receive a significant amount at the end of the investment period, due to the feature of compounding.
b. Ben will receive no interest on his investment at the end of the investment period.
c. Ben will receive an interest of $5,000 at the end of ten years.
d. Ben will receive more money at 3 percent rate of interest instead of the existing rate.
e. Ben will receive more money at the end of 30 years compared to the money received at the end of 40 years.
Explanation:
Ben will be earning 5% of his investment of $10,000 every year for 40 years.
At the end of every year, the 5% earned will be added to $10,000. It means the principal and interest will increase at the end of every year. After 40 years, Ben will receive a huge amount, as indicated below.
The formula is A= p x ( 1 x r)^n
A = $10,000 x ( 1+0.05)^40
A = $10,000 x (1.05)^40
A= $10,000 x 7.039988
A= 70,399.88
A=$70,400
Ben invest $10,000 but will receive $70,400 after 40 years
5. As the price of laptops increases from RM2,000 to RM3,500 per unit, the quantity
demanded for laptops decreases from 200 units to 150 units.
© Using the midpoint approach, compute and interpret the coefficient of the price
elasticity of demand for laptops; (6 marks)
Answer:
-0.523 and inelastic
Explanation:
The computation of the price elasticity of demand using mid point formula is given below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of quantity demanded)
where,
Change in quantity demanded is
= Q2 - Q1
= 150 units - 200 units
= -50 units
And, average of quantity demanded would be
= (150 units + 200 units ) ÷ 2
= 175 units
Change in price would be
= P2 - P1
= 3,500 - 2,000
= 1,500
And, average of price would be
= (3,500 + 2,000) ÷ 2
= 2750
So, after solving this, the price is -0.523
Since the price elasticity of demand is less than 1 so it would be inelastic
NOVO FINANCE ECONOMICS AND ACCOUNT
243 Sub-task 3: Economic environment (Total: 30 marks: 180 minutes)
The Book Store is a business which sells a variety of books to suit any lifestyle, from
bestselling novels, educational material to children's books
The owner, Wendy Brocks, has realised that there is a demand for creative stationery
based on her customers' requests. She decided to expand her business by producing a
stationery-line including creative paper, envelopes, notepads, creative stamps, craft pens
and wrapping paper which she will sell in
store.
Wendy is considering using semi-finished products to produce the stationery and wants to
loan in order to gain the capital for the expansion of The Book Store. Wendy knows that
import the creative stamps and craft pens from China. Wendy plans to apply for a business
she has to conduct thorough research before starting this new venture.
The student is required to assist Wendy by conducting the research and preparing an
investigative report on the following points:
a) The four factors of production (inputs) needed for the manufacturing process of The
Book Store's new stationery-line. The student is required to investigate two inputs for
each factor of production.
b) Include a drawing of the production process of this new venture.
c) Research the infrastructure needed to manufacture the stationery-line.
d) Propose ideas on how to produce the creative stationery in an environmentally friendly
way to prevent deforestation.
e) Assuming the inflation-rate rises, give one implication that this increased inflation rate.
would have on the import cost of creative stamps and craft pens from China.
Find out the current interest rate as Wendy is considering applying for a loan. The date
the interest rate obtained must be given.
9) The investigation should be concluded by providing an opinion as to whether this
business idea is viable or not and provide three reasons to substantiate the answer.
The four factors of production (inputs) needed for the manufacturing process of The Book Store's new stationery include land, labor, capital and entrepreneur.
How to illustrate the information?Based on the information given, the production process of this new venture will be the input or resources that will be used for the production process.
The infrastructure needed to manufacture the stationery-line will be capital, and portfolio designs as well as printing machines.
The ideas on how to produce the creative stationery in an environmentally friendly.way to prevent deforestation is to use less paper and recycling.
An implication of this increased inflation rate is that it lead to the increase in production cost.
Lastly, the business is viable as there is a demand for creative stationery based on her customers' requests.
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which of the following activities poses the greatest personal cybersecurity risk? responses making a purchase at an online store that uses public key encryption to transmit credit card information making a purchase at an online store that uses public key encryption to transmit credit card information paying a bill using a secure electronic payment system paying a bill using a secure electronic payment system reserving a hotel room by e-mailing a credit card number to a hotel reserving a hotel room by e-mailing a credit card number to a hotel withdrawing money from a bank account using an automated teller machine (a
Purchasing a chair by emailing a credit card number to the chair owner activities poses the greatest personal cybersecurity risk.
Organizations are increasingly prioritizing cybersecurity risk as they embrace digital transformation and use cutting-edge technology solutions to boost productivity and drive business growth. Many businesses are also becoming more dependent on third- and fourth-party vendors and programs. These resources can help businesses succeed, but they also bring in new dangers and widen your digital attack surface.
Lack of a thorough understanding of the inherent risk that organizations assume when using these extra resources is one of the most frequent errors that organizations make. Organizations are better able to proactively manage and mitigate risks before they turn into bigger issues when everyone involved is aware of what to watch out for and what to do in the event of a problem.
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Which is better, quantitative research or qualitative research?
Answer:
Quantitative research is more preferred over qualitative research because it is more scientific, objective, fast, focused and acceptable. However, qualitative research is used when the researcher has no idea what to expect. It is used to define the problem or develop and approach to the problem.
Explanation:
If you have a credit card with 15.99% APR that compounds monthly, what is the effective interest
rate?
Answer: 17.22%
Explanation:
Effective interest rate is calculated by the formula:
= (1 + APR / Number of compounding periods) ^ Number of compounding periods - 1
Number of compounding periods = 12 months in the year
= (1 + 0.1599/12)¹² - 1
= 0.172155
= 17.22%
A form of advertising that uses rational arguments to communicate why consumers need a specific product by highlighting the benefits associated with the use of that product
Benefits are significant because they respond to your client's inquiry, "Why should I care about what you have?" Instead of just listing what you have to offer, explain to your customer how your good or service will improve their life in a meaningful way.
What is the importance of knowing the product details before you purchase it?The most crucial sales tool is product knowledge. It is challenging to persuade a customer that a particular product will meet their needs by outlining its benefits or drawbacks. This includes having knowledge of the statistics, advantages, and rivals.
You want your goods or services to have characteristics that clients consider to be worthwhile advantages. You'll boost your sales and profits by emphasizing benefits in your marketing and sales efforts. Remember that customers purchase goods and services in order to satisfy a need or solve a problem.
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The planning technique that uses the master production schedule to monitor key resource requirements is:
A) rough-cut capacity planning.
B) horizon planning.
C) resource planning.
D) handfield planning.
Rough-cut capacity planning. When calculating capacity requirements, RCCP uses a gross capacity planning technique that does not take scheduled receipts or on-hand inventory quantities into account.
What is rough cut capacity planning ?The term Rough cut capacity refers to the total amount of material required to fulfil a company's gross requirement. It does not take into account scheduled receipts or on-hand inventory; instead, it computes the rough cut amount required to meet the gross requirement.It translates the master production schedule into critical resource requirements, which frequently include labour, machinery, warehouse space, and supplier capabilities.Preparation and planning of the master schedule planner will be used later, and you will be responsible for managing the resources and materials needed.Rough-cut capacity planning is a simple and straightforward technique with few hidden values or inventories.To learn more about capacity requirements refer :
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Letters with already formatted fonts and fields are called:
A. Files
B. Templates
C. Themes
D. Views
Answer: B. Templates