the following information: checks outstanding of $2,800, bank service fees of $82, and interest earned of $31. calculate the correct balance of cash at the end of march. (amounts to be deducted should be indicated with a minus sign.)
Bank balance
Checks outstanding
Cash balance per reconciliation
Company balance
Service feesbrangelina adoption agency's general ledger shows a cash balance of $4,590. the balance of cash in the march-end bank statement is $7,339. a review of the bank statement reveals
Interest earned
Cash balance per reconciliation

Answers

Answer 1

The correct balance of cash at the end of March is $6,749.

To calculate the correct balance of cash, we start with the cash balance per reconciliation, which is $4,590. Then, we add the interest earned of $31:

$4,590 + $31 = $4,621

Next, we subtract the bank service fees of $82:

$4,621 - $82 = $4,539

Finally, we add the bank balance adjustments by comparing the bank statement balance to the company's ledger balance. The adjustment is calculated as:

Bank statement balance - Company ledger balance = $7,339 - $4,590 = $2,749

Therefore, the correct balance of cash at the end of March is:

$4,539 + $2,749 = $6,749

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Related Questions

Suppose the cross-price elasticity of demand between hot dogs and mustard is -2. 50. This implies that a 25 percent increase in the price of hot dogs will cause the quantity of mustard purchased to. Fall by 62. 5 percent since the goods are complements. Fall by 62. 5 percent since the goods are substitutes. Fall by 10 percent since the goods are complements. Fall by 10 percent since the goods are substitutes

Answers

A 25 percent increase in the price of hot dogs will cause the quantity of mustard purchased to fall by 62.5 percent since the goods are complements.

The cross-price elasticity of demand measures the responsiveness of the quantity demanded of one good to a change in the price of another good. A negative cross-price elasticity indicates that the goods are complements, meaning they are consumed together.

In this case, a cross-price elasticity of -2.50 implies that a 1 percent increase in the price of hot dogs leads to a 2.50 percent decrease in the quantity of mustard purchased. Therefore, a 25 percent increase in the price of hot dogs will result in a 25 * 2.50 = 62.5 percent decrease in the quantity of mustard purchased.

Hence, the correct statement is that a 25 percent increase in the price of hot dogs will cause the quantity of mustard purchased to fall by 62.5 percent since the goods are complements.

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Alecia is selling her products on Amazon, using her own resources to fulfill orders. Which of the following best describes Alecia?
A seller leveraging Merchant Fulfilled Network
A vendor leveraging Amazon retail
A seller leveraging Fulfillment by Amazon
A vendor leveraging Fulfillment by Amazon

Answers

Alecia is a seller leveraging Merchant Fulfilled Network.

Alecia is a seller leveraging Merchant Fulfilled Network.

This means that she is using her own resources, such as inventory and shipping, to fulfill orders on Amazon.

While she is utilizing the Amazon platform to sell her products, she is not using Amazon's fulfillment services, such as Fulfillment by Amazon (FBA).

Therefore, she is not a vendor leveraging Amazon retail or FBA.

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If the country of Zooland has a Gross Domestic Product per capita of $45,000 in 2017 and its GDP grows by 2% in 2018 while its population grows by 3%, the GDP per capita in 2018 would be

Answers

the GDP per capita in 2018 would be approximately $44,563.11.To calculate the GDP per capita in 2018, we need to first calculate the GDP in 2018

The GDP per capita in 2017 is $45,000.

We can use the following formula to calculate GDP:

GDP = GDP per capita * Population

In 2018, the population of Zooland would be:

Population in 2018 = Population in 2017 * (1 + population growth rate)

Population in 2018 = Population in 2017 * (1 + 3%)

Population in 2018 = Population in 2017 * 1.03

Next, we can calculate the GDP in 2018:

GDP in 2018 = GDP in 2017 * (1 + GDP growth rate)

GDP in 2018 = $45,000 * (1 + 2%)

GDP in 2018 = $45,900

Now we can calculate the GDP per capita in 2018:

GDP per capita in 2018 = GDP in 2018 / Population in 2018

GDP per capita in 2018 = $45,900 / (Population in 2017 * 1.03)

Note that we need to adjust the population in 2017 to account for the 3% population growth in 2018. So:

Population in 2017 * 1.03 = Population in 2018

GDP per capita in 2018 = $45,900 / (Population in 2017 * 1.03)

GDP per capita in 2018 = $45,900 / (Population in 2018)

GDP per capita in 2018 = $45,900 / ($45,000 * 1.03)

GDP per capita in 2018 = $44,563.11

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A transportation problem with 3 sources and 4 destinations will have 7 variables in the objective function. True False

Answers

False. A transportation problem with 3 sources and 4 destinations will not have 7 variables in the objective function.

In a transportation problem, the objective function represents the total cost or total profit associated with transporting goods from sources to destinations. The number of variables in the objective function depends on the number of sources and destinations involved in the problem.

For a transportation problem with 3 sources and 4 destinations, the objective function will have a total of 12 variables, not 7. Each variable represents the quantity of goods transported from a specific source to a specific destination. In this case, there will be 3 sources, and for each source, there will be 4 variables corresponding to the 4 destinations.

The objective function will be formulated by summing up the costs or profits associated with each variable, considering factors such as transportation costs, supply and demand quantities, and other relevant parameters.

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Samantha has a student loan. The loan amount is $15,000 for 10 years. Her interest rate is 8.25%. Use the Loan Calculator (Links to an external site.) to answer the following question. (Do not use commas or dollar signs in your answers.) How much will Samantha pay in interest?

Answers

Answer:

The amount paid each month would be 125$

The amount  will Samantha pay in interest is $12,375

Step-by-step explanation:

In order to calculate How much will Samantha pay each month we would have to make the following calculation:

loan amount is $15,000 for 10 years

Therefore, amount paid each year would be=$15,000/10=$1,500

Hence, amount paid each month would be=$1,500/12=125$

In order to calculate How much will Samantha pay in interest we would have to make the following calculation:

I=P*r*n

I=$15,000*8.25%*10

I=$12,375

The amount  will Samantha pay in interest is $12,375

Debt covenants are least likely to place restrictions on the issuer's ability to:

pay dividends.

issue additional debt.

issue additional equity.
restrictions on the issuer's ability to:

Answers

Debt covenants are least likely to place restrictions on the issuer's ability to: issue additional equity. The correct option is C

A. Pay dividends: Debt covenants often restrict an issuer's ability to pay dividends to ensure that the issuer has sufficient cash flow to meet its debt obligations. This protects the interests of the debt holders.

B. Issue additional debt: Debt covenants may also place restrictions on issuing additional debt to maintain the issuer's creditworthiness and ensure that the company does not over-leverage itself, which could negatively impact its ability to meet existing debt obligations.

C. Issue additional equity: In comparison to the other two options, debt covenants are least likely to restrict the issuer's ability to issue additional equity. Issuing equity can help the issuer by bringing in more capital, which can be used to pay off debt or invest in growth.

This typically does not negatively affect the debt holders' interests, and in many cases, it may even enhance the company's ability to meet its debt obligations.

In summary, debt covenants are least likely to place restrictions on the issuer's ability to issue additional equity, as it often benefits the company's overall financial position and helps to protect the interests of debt holders.

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Complete question:

Debt covenants are least likely to place restrictions on the issuer's ability to:

A. pay dividends.

B. issue additional debt.

C. issue additional equity.

Which of the following ways is not something you can do to protect yourself against sending payments to the wrong person when using a p2p payment app or service

Answers

Use a PIN to access your P2P app or service. In this way we can do to protect ourselves against sending payments to the wrong person when using a p2p payment app or service.

What is P2P app or service?

Peer-to-peer services are platforms that link participants to a transaction directly, cutting out the middleman.

Peer-to-peer services use technology to reduce the transaction costs associated with asymmetries in information, enforcement, and trust that have historically been handled by relying on third intermediaries.

Peer-to-peer systems provide its customers with services including money processing, buyer and seller data, and quality assurance.

File-sharing platforms, such the music-sharing programme Napster, which debuted in 1999, helped popularise the peer-to-peer model of today. Millions of internet users were able to immediately connect, establish groups, and work together through the peer-to-peer movement to construct their own search engines, virtual supercomputers, and file systems.

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The country of sudan has an estimated annual growth rate of 2 percent. at this rate of growth, approximately how many years will it take for the population of sudan to double?

Answers

According to estimates, Sudan's annual growth rate is 2%. The population of Sudan will double in about 35 years if growth continues at this rate.

How is the annual growth rate determined?

By considering the average revenue for a specific time period, annual growth rates are determined. The finishing value of an investment or asset is divided by the asset's initial value in the yearly growth rate formula. You get a decimal point that can be converted into a percentage when you take one out of this amount.

Growth rate = (Current value / Previous value) x 1/N - 1 is the formula.

Add the current value to the previous value and subtract it: Subtract the prior value from the present value to obtain the difference between the two. Current value minus Previous value equals Difference.

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The process involved in bringing oil to world markets can take years. Substitutes for oil-based products such as gasoline are limited. As a result Group of answer choices the supply of oil and the demand for oil are both perfectly elastic over short periods of time. the supply of oil is very inelastic and the demand for gasoline is inelastic over short periods of time. the supply of oil and the demand for oil shift to the right over short periods of time. the supply of oil is very elastic and the demand for oil is very elastic over short periods of time.

Answers

Answer:

the supply of oil is very inelastic and the demand for gasoline is inelastic over short periods of time.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

The process involved in bringing oil to world markets can take years. Substitutes for oil-based products such as gasoline are limited. As a result, the supply of oil is very inelastic and the demand for gasoline is inelastic over short periods of time.

What does it mean to short, or sell short a stock

Answers

Answer:

One way to make money on stocks for which the price is falling is called short selling (or going short). Short selling is a fairly simple concept—an investor borrows a stock, sells the stock, and then buys the stock back to return it to the lender. Short sellers are betting that the stock they sell will drop in price.

Explanation:

Hope it helps

marta's online store sells accessories for a widely used smartphone, and her current customer base shares a number of relevant characteristics. she believes she'll have her best return on investment by narrowing her search campaign audience. which two search campaign settings can be configured to reach more specific customers?

Answers

Marta's online store sells accessories for a widely used smartphone, and her current customer base shares a number of relevant characteristics. she believes she'll have her best return on investment by narrowing her search campaign audience.

Which two search campaign settings can be configured to reach more specific customers location and device type. An on-line save is an ecommerce internet site or app in which customers can see a catalog of services or products and electronically buy them.

A standard illustration of a web save is a brick-and-mortar retail enterprise that still shows and sells its merchandise on an internet site. Brick-and-mortar shops are bodily shops that clients can go to in-person. The contrary of a brick-and-mortar save is a web enterprise.

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please answer all questions and not only half :)
Mary's job position is being transferred to Lexington, Kentucky from Orlando. Florida. She and her husband George are currently renting their home in Orfando, beat they have decided that they want to

Answers

Mary and George have decided to sell their home in Orlando, Florida, as Mary's job position is being transferred to Lexington, Kentucky.

Selling their home in Orlando is a practical decision considering Mary's job transfer to Lexington, Kentucky. By selling their current home, they can avoid the challenges of managing a rental property from a long distance and potentially facing issues with tenants, maintenance, and property management. Selling the home would also free up their financial resources tied to the property and provide them with a lump sum of money that they can utilize for various purposes, such as purchasing a new home in Lexington or investing in other ventures. Furthermore, selling their home in Orlando may provide them with the opportunity to capitalize on any potential appreciation in the property's value. Real estate markets can fluctuate, and by selling at the right time, they may be able to secure a higher selling price, resulting in a financial gain. Additionally, if they have paid off a significant portion of their mortgage, selling the home would allow them to receive the equity accumulated over time, providing them with additional funds for their future plans. In conclusion, selling their home in Orlando is a logical decision for Mary and George, given Mary's job transfer and the potential benefits it offers, such as avoiding the challenges of long-distance property management and potentially capitalizing on the property's value appreciation.

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A startup business estimates first-year revenues at $93,000. Their cost of
goods sold is estimated at $41,200. The following amounts are estimates of
operating expenses for that year: rent, $11,400; utilities, $1,080; salaries,
$18,000; advertising, $950; supplies, $500; insurance, $1,800; other, $350.
What are the total estimated operating expenses?
A. $34,080
B. $41,200
C. $75,280

Answers

ANSWER=A
So 93,000$ revenu , - 41,200$ , - 11,400 , - 18,000 , - 950$, -500 , -1800 , -350 so 18,800$ net profit. the answer is A.

Explanation:goods sold isn’t part of operating expenses.

Find the system reliability from the figure below.
R₁ = 0.9
R3 = 0.8
R₂ = 0.9
R₂ = 0.8
R4 = 0.8
Rs = 0.9
R6 = 0.9

Find the system reliability from the figure below.R = 0.9R3 = 0.8R = 0.9R = 0.8R4 = 0.8Rs = 0.9R6 = 0.9

Answers

The biological process by which filamentous fungi reproduce asexually from spores is called conidiation. The most obvious result of fungal circadian rhythms is rhythmic conidiation.

The majority of the time, this rhythmic conidiation is studied using species of neurospora.

R₁ =0.9, R2=0.8

R3=0.95. R4 = 0.75;

R5 = 0.85;  R6 = 0.99;

R7 = 6.97; and R8 = 089.

The system configuration is as follows:

R = 1- R, R3 = (0.9) (0.95) = 0.855 1-R, R2 (1-0855) =0445  1-R5 R = 1-(0.85) (0.97) =1-0.8245 -0.1755 The conidiation's system reliability is 1- [(1-R,R3) (1-RgR+) (1-R, R6 R8 R3) (1-R, R+)]

1-R2P4 |--(0.8) (0.75) = 1-0.6 from the equation. 1-R2 Rs R$ R3 -> 1- (0.8) (0.99) (0.89) (0.95) = 1-0.669636 = 0.330364 O yields = 0.4 -[(1-RIR3) (1-R2R7) (1-R2H8R&Rg) (1-R2R4)] R=1- = 1-[6.145 (0.1755) (0-23036-40) (0-4)] 10.303362752 = 0.996637248, indicating that the system's meliability is zero.

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find the id and cruisingrange of airplanes such that every pilot certified to operate that airplane makes at least $x5.

Answers

To find the ID and cruising range of airplanes such that every pilot certified to operate that airplane makes at least $x5, you would need to follow below steps.

Research the certification requirements for pilots to operate specific airplane models: Each type of aircraft has its own set of requirements for pilots to become certified to operate them.

Determine the typical salary range for pilots who are certified to operate those airplane models: You can research the average salaries for pilots of specific airplane models by looking at job listings for airlines that operate those planes, or by reaching out to pilot unions or industry associations for information on pilot compensation.

Filter for airplane models that meet the salary criteria: Once you have determined the certification requirements and typical salary range for pilots of specific airplane models, you can filter for models that meet the salary criteria you have set. This will allow you to narrow down your search to a list of airplanes that meet your salary requirements.

Look up the ID and cruising range of the airplanes that meet your criteria: With your list of airplane models that meet your salary criteria, you can look up the unique identifier (ID) for each airplane model and its cruising range. This information can typically be found on aircraft manufacturer websites or aviation industry databases.

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This graph shows student loan debt in the United States from 1994 to 2009.


What trend does the graph demonstrate?

Student loan debt will most likely decrease in the coming years.
Students have taken out higher and higher loans since 1994.
Enrollment for higher education will soon begin to decrease.
Tuition for higher education has risen steadily since 1994.

This graph shows student loan debt in the United States from 1994 to 2009.What trend does the graph demonstrate?Student

Answers

Answer:

Students have taken out higher and higher loans since 1994.

Explanation:

As per the graph,

In 1994, $10,000 worth of loans were taken.

In 2001, about $17,500 worth of loans were issued.

In 2009, close to $25,000 worth of loan was taken.

It is clear that there is an upward trend in loan uptake.  Every year, the loan amount has been higher and higher. Therefore, it is right to say that students have taken out higher and higher loans since 1994.

The  trend of the graph demonstrate that Students have taken out higher and higher loans since 1994.

What is student debt?

Student debt are known to be debt that have been incurred by a student as a result of the loan that they have taken.

A lot of student loan debt is known to be held by people that has high incomes. From the graph we can see that the trend of the student loan is increasing yearly.

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A local bank’s advertising reads: "Give us $50,000 today, and we’ll pay you $800 every year forever." If you plan to live forever, what annual interest rate will you earn on your deposit?1.92%1.60%2.56%2.24%

Answers

Answer:

The correct response is Option b (1.60%).

Explanation:

According to the question,

Initial investment,

= $50,000

Perpetual annual cash flows,

= $800

Now,

The interest rate will be:

= \(\frac{Perpetual \ annul \ cash \ flows}{Initial \ investment}\)

On substituting the given values, we get

= \(\frac{800}{50,000}\)

= \(0.016\)

i.e.,

= \(1.60 \ percent\)

You should inform the person who is writing your letter of recommendation of
all of the following things except

A. where you are applying and why.
B. when the letter is due.
C. what you would like him or her to write.
D. what type of financial aid you are seeking.

Answers

Answer:

D.what type of financial aid you are seeking

seedbed preparation
activities
1.cleared the area

Answers

Get your supplies lay them out and start your seed preparing with paper towel water and the seeds

Which of the following is a true statement?
1) FAS Market Development and Export Assistance partners with over 100 cooperator groups
2) FTC stands for Federal Trade Commission
3) FAS stands for Federal Agricultural Sector
4) Imports are goods produced in one country then shipped to another country​

Answers

Answer:

2) FTC stands for Federal Trade Commission

Explanation:

The true statement is that, FTC stands for Federal Trade Commission.

The Federal Trade Commission (FTC) is an agency of the government of the United States of America saddled with the responsibility of promoting consumer protection and the enforcement of all civil antitrust laws.

Basically, the laws formulated or established by the FTC are to provide protection for consumers of various goods and services while requiring that businesses do not make false claims about them. Also, the Federal Trade Commission (FTC) is responsible for competition regulations among manufacturers of goods and services provided for the consumers.

[Word limit: 300 words] In your own words but using concepts from this subject explain why a risk averse agent who makes decisions according to expected utility theory might purchase insurance but not a lottery ticket.

Answers

Expected Utility Theory is a method for decision-making under uncertainty, which proposes that people make decisions based on the expected utility of each possible outcome.

Utility is the satisfaction or pleasure people get from consuming a good or service. This satisfaction is subjective and varies from individual to individual.

Risk aversion is a tendency to prefer a certain outcome to an uncertain outcome with the same expected value. Risk-averse agents place a higher value on avoiding losses than on acquiring gains of the same magnitude. They are willing to pay a premium to avoid taking risks.

An insurance policy is a contract in which an individual pays a premium to an insurance company in exchange for protection against losses from certain risks. Insurance policies provide a way to transfer risk from an individual to a company, which has a larger pool of resources to cover potential losses.

Lotteries are games of chance in which participants pay a small amount of money for a chance to win a much larger prize. The odds of winning the lottery are very low, and most people who play the lottery end up losing money.

A risk-averse agent who makes decisions according to Expected Utility Theory might purchase insurance but not a lottery ticket because of the difference in expected utility between the two options.

When purchasing insurance, the agent knows that they will pay a premium upfront, but they will be protected against a specific risk. The expected utility of purchasing insurance is higher than the expected utility of not purchasing insurance, as the agent will have peace of mind knowing that they are protected against the risk.

On the other hand, when purchasing a lottery ticket, the agent knows that they have a very low chance of winning the prize, and they are likely to lose the money they spent on the ticket. The expected utility of purchasing a lottery ticket is lower than the expected utility of not purchasing a lottery ticket, as the agent is likely to experience disappointment and regret if they do not win the prize.

In conclusion, a risk-averse agent who makes decisions according to Expected Utility Theory might purchase insurance but not a lottery ticket because the expected utility of purchasing insurance is higher than the expected utility of purchasing a lottery ticket.

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What do taxes pay for? a. Schools, government departments, roads, and emergency services
b. Privately-owned businesses
c.Operation of financial institutions
d. None of the above​

Answers

A

Because thats what the government gets in order to pay for everything we have that is for the Public

Taxes are payed for the development of schools, government departments, roads and emergency services. They are payed by the citizens of a country.

What are taxes ?

A tax is defined as payments or charge of money on the tax payers. They are the levy imposed by the government on its citizens to fund development projects and government schemes for its people.

Why are taxes paid ?

It is the main source of revenue for the government.

The money collected is spent to maintain and develop public infrastructure and fund public services through welfare programs.

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What do taxes pay for? a. Schools, government departments, roads, and emergency servicesb. Privately-owned

А ________
is a number of connected activities that accomplish a course of action
campaign
contest
commission

Answers

Answer:

commisom is the answer to your question

Contest or commission sorry I tried

assume that all cash flows occur at the end of the year. sgp is currently financed with 25% debt at a rate of 10%. the acquisition would be made immediately, and if it is undertaken, sgp would retain its current debt and issue enough new debt to continue at the 25% target level. the interest rate would remain the same. sgp's pre-merger beta is 2.0, and its post-merger tax rate would be 25%. the risk-free rate is 8% and the market risk premium is 4%. using the compressed adjusted present value approach, what is the value of sgp to raymond? (show your answer in millions of dollars.) a. $210 b. $233 c. $256 d. $282 e. $310

Answers

The value of SGP to Raymond using the compressed adjusted present value approach is approximately $487 million. The answer is not listed, but it is closest to option C) $256 million.

To calculate the value of SGP to Raymond using the compressed adjusted present value (CAPV) approach, we need to follow these steps:

Step 1: Calculate the unlevered beta for SGP.

Unlevered Beta = Levered Beta / (1 + (1 - Tax Rate) x (Debt/Equity))

Assuming SGP is currently financed with 25% debt and has a pre-merger beta of 2.0, we get:

Unlevered Beta = 2.0 / (1 + (1 - 0.25) x (0.25/0.75)) = 1.3913

Step 2: Calculate the cost of equity for SGP.

Cost of Equity = Risk-Free Rate + Beta x Market Risk Premium

Assuming a risk-free rate of 8% and a market risk premium of 4%, we get:

Cost of Equity = 8% + 1.3913 x 4% = 13.5652%

Step 3: Calculate the weighted average cost of capital (WACC) for SGP.

WACC = (Cost of Equity x Equity / Value) + (Cost of Debt x Debt / Value) x (1 - Tax Rate)

Assuming SGP is currently financed with 25% debt at a rate of 10% and has a target debt-to-equity ratio of 25%, we get:

WACC = (13.5652% x 0.75) + (10% x 0.25) x (1 - 0.25) = 11.25%

Step 4: Calculate the value of SGP as an independent firm.

Value of SGP = Free Cash Flow to the Firm / (WACC - Growth Rate)

Assuming SGP has a free cash flow to the firm of $50 million and a sustainable growth rate of 3%, we get:

Value of SGP = $50 million / (11.25% - 3%) = $556.25 million

Step 5: Calculate the present value of the interest tax shields (ITS).

ITS = (Tax Rate x Debt) x (WACC - Cost of Debt)

Assuming SGP has $125 million in debt (25% of $500 million) and a tax rate of 25%, we get:

ITS = (0.25 x $125 million) x (11.25% - 10%) = $312,500

Present Value of ITS = $312,500 / (1 + WACC)^1 = $280,898.88

Step 6: Calculate the compressed adjusted present value (CAPV) of SGP.

CAPV = Value of SGP + Present Value of ITS - Cost of Acquisition

Assuming Raymond would need to pay $350 million to acquire SGP, we get:

CAPV = $556.25 million + $280,898.88 - $350 million = $487.14 million or $487 million (rounded to the nearest million)

Option C is correct.

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__________usually need more cash because the business dynamics will initially lose money

Answers

Small and Medium Enterprise (SME) Entrepreneur usually need more cash because the buisness dynamics will initially lose money.

IDEs and SMEs

Startup businesses vary greatly from one another. Both innovation-driven enterprises (IDEs) and conventional small- and medium-sized businesses (SMEs) are capable of producing worthwhile goods and services and adding to the labor force. However, IDEs, which are startups aimed at addressing global markets through technological, process, or business model innovation, have the potential to add hundreds or even thousands of high-skill jobs if they are successful, whereas SMEs concentrate on local or regional markets and produce employment that are "non-tradable."

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Which of the following is not a component of good customer service?

Attendance at store trainings
A positive attitude
Asking closed-ended questions to get a definitive yes or no answer
Acknowledge the customer quickly

Answers

Answer:

Attendance at store trainings

Explanation:

Customer service is providing prompt, useful, and professional support to existing and potential customers. Good customer service results in happy, satisfied, and loyal customers. Customer service is done through face to face interactions, telephone calls, and through online channels.

Employees or anyone interacting with customers must display a positive attitude, ask closed-ended questions, and acknowledge the customers quickly. These traits will make the customer feel welcomed and appreciated.  Attendance at stores trainings is good for sales but does not add much value to the quality of customer service.

The ________ role involves managers making decisions about who gets what, how much, when, and why.

Answers

The Resource Allocator role  involves managers making decisions about who gets what, how much, when, and why.

Who is a Resource Allocator?

The practise of assigning and managing resources in a way that meets an organization's strategic planning objectives is known as resource allocation. Allocating resources involves managing hard assets like hardware to maximize the usage of soft assets like human capital. The distribution of resources is primarily divided into two categories: continuous and one-time. Resources can be distributed in the context of an entire economy using a variety of mechanisms, such as markets or planning. The practice of assigning and managing resources in a way that meets an organization's strategic planning objectives is known as resource allocation. Resource management comprises controlling hard assets like hardware to maximize the utilization of soft assets like human capital.

Hence, The Resource Allocator role  involves managers making decisions about who gets what, how much, when, and why.

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DEMAND CURVES and ENGLE CURVES: Consider the following consumer’s
problem: U(X,Y) = X1/2 Y1/2 . Suppose that she has income (I) and faces prices Px
and Py.
a) Sketch the budget set. What is the slope of the Budget Line? What are maximal possible
consumptions of X and Y? (note: these will depend on what values of I, Px and Py are given).
b) Show that the MRSXY = Y/X.
c) Show that the consumer will spend ½ of her income on Good X and ½ on Good Y.
d) Now, sketch the Demand Curve for X and then for good Y. Show that both are downward
sloping.
e) Sketch the Engel Curve for X and then for good Y. Show that both are upward sloping.
f) Suppose income (I) is $1000, Px = $6 and Py = $4. Find the optimal consumption bundle.
g) At the optimum, what is the Demand Elasticity for good x? recall: demand elasticity =
[∆X/∆Px][Px/X]. Interpret the value you calculate.
h) At the optimum, what is the Income Elasticity for good x? recall: Income elasticity =
[∆X/∆I][I/X]. Interpret the value you calculate.

Answers

The consumer's problem involves maximizing utility given a budget constraint. The budget set is determined by the consumer's income and the prices of goods X and Y. The slope of the budget line represents the rate at which the consumer can trade one good for another.

The maximal possible consumption of X and Y depends on the specific values of income, Px, and Py. The MRSXY (marginal rate of substitution) measures the consumer's willingness to trade one good for another and is equal to the ratio of the marginal utilities of X and Y. The consumer's optimal consumption bundle will allocate half of the income to each good.

The demand curves for X and Y are downward-sloping, indicating that as the price of a good increases, the consumer demands less of it. The Engel curves for X and Y are upward-sloping, showing that as income increases, the consumer demands more of both goods.

a) The budget set represents all the consumption bundles the consumer can afford given their income and the prices of goods X and Y. It is typically depicted as a straight line in a graph, with the intercepts on the X and Y axes representing the maximal possible consumption of each good.

The slope of the budget line is equal to the negative ratio of the prices of the goods (−Px/Py), indicating the rate at which the consumer can trade one good for another.

b) The MRSXY measures the rate at which the consumer is willing to substitute one good for another while maintaining the same level of utility. In this case, the MRSXY is equal to the ratio of the marginal utilities of X and Y: MRSXY = MUx/MUy = (∂U/∂X)/(∂U/∂Y) = (∂/∂X)(X^(1/2)Y^(1/2))/(∂/∂Y)(X^(1/2)Y^(1/2)) = Y/X.

c) The consumer's optimal consumption bundle occurs at the point where the budget line is tangent to the highest possible indifference curve, representing the maximum utility attainable. At this point, the consumer's MRSXY equals the price ratio (−Px/Py). In this case, since MRSXY = Y/X and −Px/Py = −6/4 = −3/2, the consumer will allocate half of their income to X and half to Y.

d) The demand curve for good X shows the relationship between the price of X and the quantity demanded of X, holding other factors constant. As the price of X increases, the quantity demanded of X decreases, resulting in a downward-sloping demand curve. Similarly, the demand curve for good Y is also downward-sloping.

e) The Engel curve for X shows the relationship between the quantity of good X consumed and the consumer's income, with the price of X held constant. As income increases, the quantity of X demanded also increases, resulting in an upward-sloping Engel curve. The Engel curve for Y exhibits the same upward-sloping pattern.

f) To find the optimal consumption bundle, we need to solve the consumer's utility maximization problem. With an income of $1000, Px = $6, and Py = $4, we can use the consumer's utility function and budget constraint to derive the optimal quantities of X and Y.

g) The demand elasticity for good X at the optimum can be calculated using the formula: Demand elasticity = (∆X/∆Px) * (Px/X). It measures the responsiveness of the quantity demanded of X to a change in its price. The interpretation of the value obtained will depend on the specific calculation result.

h) The income elasticity for good X at the optimum can be calculated using the formula: Income elasticity = (∆X/∆I) * (I/X). It measures the responsiveness of the quantity demanded of X to a change in income. The interpretation of the value obtained will depend on the specific calculation result.

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Which of the following is an example of telecommuting?

A. Setting up a conference call between two different companies

B. Working from home instead of at the company's main office

C. Scheduling a meeting in the middle of the day

D. Using a computer and slideshow during a meeting

Answers

B. Working from home instead of at the company's main office

Have a great day!

An example of is Working from home instead

Telecommuting is also known as Remote work

Telecommuting refers to the ability granted to an employee to work from remote place apart from the office.

The reason why Organization allows telecommuting are:

Its helps to improve employee efficiencyIts offers schedule flexibilityIts improved employee retention and attraction.

In conclusion, the mode of getting work done have been increasing in recent time because its saves cost for both the employee and employer.

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What were the two main opposing views of Adam Smith and Karl Marx?

Answers

Answer:

Adam Smith, author of "The Wealth of Nations", was a staunch believer in the free market and private property. Karl Marx, on the other hand, believed that the free market was destroying the world and leading to the "exploitation" of the middle class and the poor.

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