The next two questions use the following information. A grocery store uses 600 boxes of plastic bags per month. The boxes cost $25 each, placing an order for plastic bags costs $20, and holding costs are $5 per box per month. Using the basic EOQ model, what are: a) The economic order quantity? b) The average inventory level? c) The total monthly holding cost? d) The total monthly ordering cost?
Answers
The Economic order quantity is 240 boxes, the average inventory level is 120 boxes, the total monthly holding cost is $600/month, and the total monthly ordering cost is $600/month.
The economic order quantity (EOQ) for a grocery store that uses 600 boxes of plastic bags per month, given that the boxes cost $25 each, placing an order for plastic bags costs $20, and holding costs are $5 per box per month is as follows:
a) The economic order quantity (EOQ): Economic order quantity (EOQ) is the optimal order quantity that a business should place in order to minimize the total cost of holding and ordering inventory. Thus, the EOQ formula is used to calculate the optimal quantity of goods to order, given the ordering and holding costs are known. For the above scenario, the EOQ is calculated using the formula;
EOQ = sqrt((2DS) / H), where
D = Annual demand (12 × 600) = 7200 unitsS = Order cost per order = $20H = Holding cost per unit per month = $5Thus, EOQ = sqrt((2DS) / H) = sqrt((2 × 7200 × 20) / 5) = 240 boxes of plastic bags
b) The average inventory level: The average inventory level (Q/2) is the amount of inventory on average that is held in stock throughout the year, given the optimal order quantity (EOQ) is ordered in each order cycle.
Thus,Q = EOQ = 240 boxes average inventory = Q/2 = 240/2 = 120 boxes
c) The total monthly holding cost: The holding cost is the cost of holding inventory in stock.
Thus, the total monthly holding cost can be calculated as;
Total holding cost per month = Average inventory × Holding cost per unit per month
Total holding cost per month = 120 boxes × $5/box = $600/month
d) The total monthly ordering cost: The ordering cost is the cost of placing an order for inventory.
Thus, the total monthly ordering cost can be calculated as;
Total ordering cost per month = (Annual demand / EOQ) × Order cost per order
total ordering cost per month = (7200/240) × $20/order = $600/month
Therefore, the Economic order quantity is 240 boxes, the average inventory level is 120 boxes, the total monthly holding cost is $600/month, and the total monthly ordering cost is $600/month.
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Related Questions
Consider a Diamond-Dybvig economy with a single consumption good and three dates (t = 0, 1 and 2). There is a simple storage technology and an illiquid investment opportunity. For each unit of good stored, the simple storage technology will return one unit of good in the next period. For each unit of good invested at time t = 0, the illiquid investment will yield a risk-free return of R> 1 units of goods at time t = 2, but only 1 € (0, 1) units if terminated prematurely at time t = 1. The economy has a large number of ex ante identical consumers. The size of the population is N > 0. Each consumer receives one unit of good as initial endowment at t = 0. At t = 1, each consumer finds out whether he/she is a patient consumer or an impatient consumer. The probability of being an impatient consumer is 7₁ € (0, 1) and the probability of being a patient one is 72 = 1-₁. An impatient consumer only cares about consumption at t 1, denoted by C₁. The consumer's utility is given by u (C₁). A patient consumer only cares about consumption at t = 2, denoted by C2. The consumer's utility is given by Bu (C2), where 8 € (0, 1) is a parameter known as the subjective discount factor that captures the consumer's time preferences. = (a) Suppose the consumer's utility function is given by u (C)= Cl-a 1-a' with a > 0. Let (C₁, C₂) denote the first-best allocation. Derive an interior solution of (C₁, C₂). Show that the corner solutions (C₁, C₂) = (0, R/T2) and (C₁, C₂) = (1/1,0) cannot be a first-best allocation under this type of utility function. (b) Suppose now there is a financial intermediary which offers the consumers a deposit contract. Under this contract, the consumers will give their initial endowment at t = 0 to the bank. In return, the bank will offer Cf units of good to anyone who withdraws at t = 1 and C₂ units of good at t = 2. Based on your answer in part (a), show that if BR < 1 then all patient consumers will choose to withdraw early. (c) Suppose now the consumer's utility function is given by u (C) = √C. State the conditions under which a unique interior solution of the autarky problem exists. Derive the interior solution under these conditions.
Answers
The key concepts include the storage technology, illiquid investment opportunity, consumer types (impatient and patient), utility functions, first-best allocation, interior solution, corner solutions, financial intermediaries, deposit contracts.
What are the key concepts and analyses involved in the Diamond-Dybvig economy with a single consumption good and three dates?
In a Diamond-Dybvig economy with a single consumption good and three dates, consumers have a storage technology and an illiquid investment opportunity.
The utility function of the consumers depends on their time preferences. The task is to analyze the first-best allocation, considering an interior solution and showing that corner solutions are not optimal.
Additionally, the presence of a financial intermediary offering a deposit contract is explored, and it is shown that if the risk-free return is less than 1, patient consumers will withdraw early.
Finally, under a utility function of u(C) = √C, the conditions for a unique interior solution in the autarky problem are stated, and the solution is derived based on those conditions.
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Which style of decision making will consumers who develop brand loyalty use?
A.extensive decision making
B.limited decision making
C.routine decision making
D.opportunity based decision making
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Assume you purchase (at par) one 19-year bond with a 6.45
percent coupon and a $1,000 face value. Suppose you are only able
to reinvest the coupons at a rate of 4.45 percent. If you sell the
bond afte
Assume you purchase (at par) one 19-year bond with a \( 6.45 \) percent coupon and a \( \$ 1,000 \) face value. Suppose you are only able to einvest the coupons at a rate of \( 4.45 \) percent. If you
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Bond price refers to the current market value at which a bond can be bought or sold in the financial markets. It represents the present value of the bond's future cash flows, including periodic coupon payments. The bond price after one year is $1,086.24
Face value of a bond, F = $1000
The coupon rate,
i = 6.45% = 0.0645
Yield to maturity, YTM = 6.75% = 0.0675
Number of years to maturity, n = 19
Annual coupon payment = Face value of bond × Coupon rate
= $1000 × 6.45%=$64.50
Coupon payment every period = $64.50/2 = $32.25 (Semi-annual coupons)
Semi-annual reinvestment rate, r = 4.45% = 0.0445
Number of coupon payments = 19 years × 2 = 38 coupons payments
We have to calculate the bond price after one year.
Bond price after one year would be calculated as follows:
P0 = F / (1 + YTM)^(n) + C * [ 1 - 1 / (1 + YTM)^(n) ] / YTM
(Where P0 is the bond price, F is the face value of the bond, C is the coupon payment, YTM is the yield to maturity and n is the number of years to maturity.)Placing the values, we get:
P0 = 1000 / (1 + 0.0675)^(19) + 32.25 * [ 1 - 1 / (1 + 0.0675)^(19) ] / 0.0675
= $1,086.24
Therefore, the bond price after one year is $1,086.24.
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If inspections and licenses are required, then the role of government being represented is a ______.
Answers
Answer:
"Supervisory body" is the right approach.
Explanation:
A case investigator who usually reviews lawsuits regarding businesses and governments is considered a Supervisory body.It would be the independent central parliamentary entity responsible for the supervision of law enforcement records audit, the passenger details unit as well as the Federal or state authorities service Inspectorate.Answer:
If inspections and licenses are required, then the role of government being represented is a supervisory body.
Explanation:
Edge 2021-2022
a. When, if ever, would a monopoly in a particular industry be preferred to competition within that industry? When it would be less costly for one firm rather than many firms to provide a good, as in a natural monopoly. It is never ideal to let a monopoly exist. When too many firms are in an industry, and the market is too chaotic to receive clear price signals. When only a few firms exist in an industry, so that the government must intervene to promote competition. Incorrect b. Which of the following are examples of a natural monopoly? Select all that apply. Swift Trucking A local utility company Whole Foods A local church or religious organization Incorrect
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When, if ever, would a monopoly in a particular industry be preferred to competition within that industry then A is the right option. In the first question and in the second the following are examples of a natural monopoly, A and D is the right option.
When, if ever, would a monopoly in a particular industry be preferred to competition within that industry?
A. when providing a good would be more affordable for one company to do so than for many, as in a natural monopoly.
In an industry with a natural monopoly, it is more cost-effective for one company to offer the item or benefit than it is for a few. Typically as often as possible a result of the industry's high settled costs and scale economies.
For instance, building and keeping up a control grid by one firm is more effective than doing it by numerous companies, each of which would make and keep up their possess control networks.
Which of the following are examples of a natural monopoly?
B. A local utility company.
Local utility suppliers in some cases work as natural monopolies. Typically due to the truth that it is impossible for a few businesses to build and keep up an arrangement of water or power pipelines.
Hence, Monopolies are generally undesirable since they might result in higher pricing and worse products and services. A monopoly may, nevertheless, be the most effective way to create an item or service in specific circumstances.
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The given question is not proper below is the proper question
Explain what you believe are two of the most important legal issues facing businesses looking to enter foreign markets and why. Minimum 3 pages double-spaced. All sources MUST be cited using APA format.
Please provide your own content not just paraphrase someone else's work
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Title: The Most Significant Legal Issues Confronting Businesses Expanding into Foreign Markets
Introduction:Expanding into foreign markets presents businesses with numerous opportunities for growth and profitability. However, such ventures are accompanied by various legal challenges that require careful consideration and planning. This paper aims to explore two of the most crucial legal issues facing businesses seeking to enter foreign markets and provide an in-depth analysis of their significance. The chosen issues are intellectual property rights protection and compliance with foreign laws and regulations.
I. Intellectual Property Rights Protection:Intellectual property (IP) rights encompass patents, copyrights, trademarks, and trade secrets, among others. Protecting these rights is crucial for businesses as they venture into foreign markets. Failure to adequately safeguard IP can lead to substantial financial losses, loss of competitive advantage, and damage to brand reputation. Two key aspects within IP rights protection include:
Counterfeit and Piracy Concerns:Counterfeiting and piracy pose significant challenges to businesses entering foreign markets. The unauthorized reproduction and distribution of counterfeit goods and the infringement of copyrighted materials can undermine a company's reputation and erode consumer trust. These activities not only result in lost sales and revenue but also hinder market penetration and long-term growth.
Moreover, certain countries may have weak enforcement mechanisms or lax IP protection laws, making it easier for counterfeiters to operate. This necessitates proactive measures such as monitoring the market, collaborating with local authorities, and employing technology to detect and deter counterfeiting activities. Developing strong relationships with local partners and stakeholders can also enhance a business's ability to combat counterfeiting effectively.
Technology Transfer and Intellectual Property Leakage:Expanding into foreign markets often requires businesses to engage in technology transfer, such as sharing trade secrets or licensing proprietary technologies. However, this transfer can expose businesses to the risk of intellectual property leakage. Foreign partners or competitors may exploit vulnerabilities in legal systems, misappropriate technology, or engage in reverse engineering, thereby compromising a business's competitive advantage.
To mitigate this risk, businesses must carefully structure and negotiate technology transfer agreements, emphasizing confidentiality and security measures. Conducting due diligence on potential partners and monitoring compliance with contractual obligations is essential. Additionally,
leveraging legal frameworks such as patents and trademarks, and seeking registration and protection of IP rights in the target country, can strengthen a business's position and deter unauthorized use.
II. Compliance with Foreign Laws and Regulations:
Entering foreign markets necessitates understanding and adhering to the legal and regulatory frameworks of the host country. Non-compliance can result in severe consequences, including fines, legal disputes, reputational damage, and the potential for business closure. The two primary legal compliance issues are:
Corruption and Bribery:Many countries have stringent laws and regulations in place to combat corruption and bribery. However, businesses may encounter jurisdictions with higher corruption levels, which can present ethical dilemmas and legal challenges. Offering or accepting bribes to secure contracts or gain business advantages is not only unethical but also illegal under various international laws, such as the Foreign Corrupt Practices Act (FCPA) in the United States and the UK Bribery Act.
To navigate this issue, businesses must implement robust anti-corruption policies, provide training to employees on ethical practices, and establish internal control mechanisms. Conducting thorough due diligence on business partners, agents, and intermediaries is crucial to ensure they align with anti-corruption standards. Additionally, establishing transparency in financial transactions and maintaining accurate records can help demonstrate compliance with regulations and prevent potential legal entanglements.
Labor and Employment Laws:Expanding into foreign markets necessitates compliance with local labor and employment laws. These laws govern aspects such as minimum wages, working hours, overtime, employee benefits, and safety regulations. Failure to comply with these laws can lead to legal disputes, fines, and damage to a business's reputation.
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Eerie Manufacturing, Inc., reported the following at December 31, 2021, and December 31, 2022 : (Click the icon to view the data.) Eerie Manufacturing has paid all preferred dividends only through \(
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The total amounts of dividends to both preferred and common stockholders for 2021 and 2022 are $40,000 and $100,000, respectively.
To calculate the total amounts of dividends to both preferred and common stockholders for 2021 and 2022, we need to consider the dividend preferences and the available earnings of the company.
According to the given information, Eerie Manufacturing, Inc. has paid all preferred dividends only through 2018. This suggests that there are preferred stockholders entitled to receive dividends. However, we do not have information on the dividend rate or any specific preferences of the preferred stock.
To calculate the total dividends for each year, we need to allocate a portion of the total dividends to the preferred stockholders and the remaining portion to the common stockholders. Since we don't have specific information on the preferred dividend rate, we cannot determine the exact amount allocated to the preferred stockholders.
However, based on the provided data, we can calculate the total amounts of dividends to both preferred and common stockholders. In 2021, the total dividends are $50,000, and in 2022, the total dividends are $110,000. The amounts allocated to preferred stockholders and common stockholders cannot be determined without additional information.
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Eerie Manufacturing, Inc., reported the following at December 31, 2021, and December 31, 2022 : (Click the icon to view the data.) Eerie Manufacturing has paid all preferred dividends only through 2018. Requirement 1. Calculate the total amounts of dividends to both preferred and common stockholders for 2021 and 2022 if total dividends are $50,000 in 2021 and $110,000 in 2022 . Data table
In 2011 oil production in libya was interrupted by political unrest. at the same time, the demand for oil by china continued to rise.
a. demonstrate the impact on the quantity of oil bought and sold. instructions: draw a parallel shift in the demand or supply curve(s) by grabbing, dragging, and then dropping the curve(s) to the new position(s). in the market for oil, compared to the initial equilibrium (e0), the impact of these events on price is and the impact on quantity is .
b. oil production in libya returned to its original levels by the end of 2012. what was the likely effect on equilibrium oil price and quantity? compared to the equilibrium identified in part a, price will and quantity will .
Answers
In the bcg matrix, ________ are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
Answers
In the bcg matrix, cash cows are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
What is the bcg matrix?This is the term that is used to refer to the way that the products of a business is analyzed. The reason why this is done is so that it would be able to aid in the strategic planning of the business. It helps in the assessment of the current state of the product line that the business owns.
Hence we can conclude that In the bcg matrix, cash cows are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
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When a startup wants to offer stock on the stock market, they go from a private to a public company.
Answers
Answer:
true...u didn't wrote if u want answer it or not but its true
Using technology, determine the present value given that you make semi-annual payments of $2,527 at 6.1% compouded semi-annually over a 6 year period. round your answer to the nearest cent. a. $25,078.86 b. $25,146.48 c. $20,963.57 d. $21,070.31
Answers
The present value would be $21070.31. Semi-annual payments of $2,527 at 6.1% compounded semi-annually over a 6 year period, means, payment is made semi annually that is two times in a year.
How to calculate?Given that,
semi-annual payments of $2,527 at 6.1% compounded semi-annually over a 6 year period.
It means, payment is made semi annually that is two times (twice) in a year.
Payment made = $2527.
Interest rate =6.1%
Hence, compounded semi annually = 0.061
Time duration = 6 years = 6 × 2 = 12 (two times)
Using Formula: P = A * i / 1 - (1 + i)-t
Therefore,
Where,
A = amount to pay
P = payment made
t = time duration
i = interest rate
By placing given values in the formula, we obtain,
A=21070.306476
Hence, the present value is $21070.31
How many semi-annual payments?Employers who choose this schedule can choose to pay the employee either on the 1st and 15th of the month, or on the 16th and the last day of the month. A half-month salary has 24 payment periods and is most commonly used by office workers.
What date is semi annual?Semi-annual dates mean June 30th and December 31st of each year.
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Answer:D
Explanation:
edge
on january 1, year 1, young company issued bonds with a face value of $130,000, a stated rate of interest of 14 percent, and a 10-year term to maturity. interest is payable in cash on december 31 of each year. the effective rate of interest was 13 percent at the time the bonds were issued. the bonds sold for $137,054. young used the effective interest rate method to amortize the bond premium.requireda. determine the amount of the premium on the day of issue.b. determine the amount of interest expense recognized on december 31, year 1.c. determine the carrying value of the bond liability on december 31, year 1.d. provide the general journal entry necessary to record the december 31, year 1, interest expense.
Answers
At the beginning of the year, the first-year bond premium was $6,931.
The price of a premium bond is?It was previously mentioned that $25 is the minimum investment amount. Your investment in premium bonds is limited to a total of £50,000. There are no imposed minimum or maximum time limits, handling charges, or start-up fees.
Is the premium on a bond a liability?A bond premium that has not yet been amortized by interest is a liability for the issuers because it will someday become payable. The Unamortized Bond Premium Account, a liability account, is where unamortized bond premium is reported on financial statements.
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Yahir wants to become an Actor. What are the most helpful examples of milestones for this goal? Check all that apply.
A.taking an acting class
B.running a race
C.taking a science class
D.learning how to cook
E.participating in a school play
F.auditioning for a part in a television show
Answers
Answer:
aef
Explanation:
got the question right
Answer:
1 5 6
Explanation:
Which source document tells me what goods are in the box? A) Picking Slip B) Sales Invoice C) Receiving Report D) Sales Order E) None of these.
Answers
A) Picking Slip. The source document that tells you what goods are in the box is the Picking Slip.
A packing slip is a piece of paper used while selecting and packaging products for delivery to clients. It usually comprises a list of the things that need to be chosen, how many of each, and where they are in the warehouse. The warehouse workers will use this document, which was created from a sales order, as a reference to find and collect the products from the shelves. Once the products have been selected, they are packaged into a box or container together with the packing slip to verify that the buyer receives the exact things. As a result, the packing slip, which identifies the precise products that were chosen and packaged for the customer's purchase, is the document that first informs you of the contents of the box.
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Eastman kodak’s and sears’ long-term industry success gave rise to:
Answers
Eastman Kodak's and Sears' long-term industry success gave rise to a culture of innovation and customer-focused strategies. Both companies were pioneers in their respective industries, with Kodak leading the way in the film and photography market and Sears dominating the retail industry.
Their success was built on the ability to anticipate and meet customer needs, as well as the ability to adapt to changing market conditions. As a result, they became household names and set the standard for other companies to follow. While both companies faced challenges in later years, their legacies continue to inspire and inform modern businesses striving for long-term success.
Eastman Kodak's and Sears' long-term industry success gave rise to their prominent positions in their respective markets. Their achievements led to the creation of a loyal customer base, brand recognition, and innovation in products and services. Additionally, these successes allowed for business expansion, job creation, and overall economic growth. Both companies have faced challenges in adapting to changing market dynamics; however, their historical performance has been influential in shaping their industries.
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Which situation is a result of fiscal policy?
a. A corporation is fined for violating regulations.
b. A consumer has limited options for food at a store.
c. A bank offers a loan to a small business.
d. A school gets more money to buy computers
Answers
The following statement, which may be viewed as the outcome of fiscal policy, is D: A school receives greater funding to purchase computers.
Fiscal policy can be thought of as a projection of government expenditure and taxes that have an impact on the economy.It typically results in a reduction in taxation and government spending, but everything is done to ensure that purchasing power is not weakened.
An illustration of the effects of this policy was Option D.
Therefore, D is correct option.
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Under this kind of program, cities demolished poor neighborhoods in city centers that occupied potentially valuable real estate; in its place were constructed retail centers and all-white middle-income housing complexes. a.white flight b.neighborhood stabilization program c.urban renewal d.suburbs
Answers
The description explained depicts urban renewal.
Urban renewal were the policies that were out in place to enable housing authorities and local governments to demolish the neighborhoods that were considered to be blighted and poor and then replace such neighborhoods with real estate that were more valuable and were usually reserved for the white people.
Houses that were seen to be slums were destroyed and newer and fascinating neighborhood were constructed.
In conclusion, the correct option is C "urban renewal".
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Suppose the bakery has a customer that will buy 6 loaves of bread each day. What is the maximum number of muffins the bakery can make and still supply the bread to this customer?
Answers
Answer: Not enough information provided to solve.
Explanation: There is no information regarding the muffins.
which of these agencies administers federal labor management relation laws
Answers
The agency that administers federal labor management relation laws in the United States is the National Labor Relations Board (NLRB).
The NLRB is an independent federal agency responsible for enforcing and interpreting the National Labor Relations Act (NLRA), which governs the relationship between employers, employees, and labor unions. The NLRB's primary role is to protect employees' rights to engage in collective bargaining, to prevent and remedy unfair labor practices, and to ensure a fair and stable labor-management relationship in the private sector. The agency investigates complaints, conducts elections for union representation, and adjudicates cases related to labor disputes and unfair labor practices.Its main goal is to protect employees' rights to engage in collective bargaining and to ensure fair labor practices and stable labor-management relations.
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Chapter 2 Mastery Problem
The T –
Hassan Rahim won a concession to rent bicycles in the local park during the summer. During the month of June, Hassan completed the following transactions for his bicycle rental business:
Chart of Accounts
Cash
Hassan Rahim Capital
Accounts Receivable
Hassan Rahim, Withdrawals
Supplies
Rental Income
Shed
Wages Expense
Bicycles
Maintenance Expense
Accounts Payable
Repair Expense
Concession Fee Expense
June
2
Began business by placing $7,200 in a business checking account.
3
Purchased supplies on account, $150
4
Purchased 10 Bicycles for $2,500, paying $1,200 down and agreeing to pay the rest in thirty days.
5
Purchased for cash a small shed to hold the bicycles and to use for other operations, $2,900
6
Paid cash for shipping and installation costs (considered as an addition to the cost of the shed) to place the shed at the park entrance, $400.
8
Received cash of $470 for rentals during the first week of operation.
13
Hired a part-time assistant to help out on weekends at $7.50 per hour
14
Paid a maintenance person to clean the grounds, $75.
15
Received cash, $500, for rentals during the second week of operation.
16
Paid the assistant for a weekend’s work, $150.
20
Paid for the supplies purchased on June 3, $150.
21
Paid repair bill on bicycles, $55.
22
Received cash for rentals during the third week of operation, $550.
23
Paid the assistant for a weekend’s work, $150.
26
Billed a company for bicycle rentals for an employee outing, $110
27
Paid the fee for June to the Park District for the right to the bicycle concession, $100.
28
Received cash for rentals during the week, $410.
29
Paid the assistant for a weekend’s work, $150.
30
Transferred $500 to personal checking account.
Answers
Answer:
27.
Explanation:
Keynes emphasized that because there is no automatic adjustment back to full employment: A. Equilibrium GDP might be less than full employment. B. A recession might occur. C. Cyclical unemployment could persist. D. All of the choices.
Answers
Keynes emphasized that there is no automatic adjustment back to full employment in the economy, which means that any deviation from full employment can persist for an indefinite period of time. This can lead to a number of different consequences, including a lower equilibrium GDP than full employment, the occurrence of a recession, and the persistence of cyclical unemployment.
In other words, without government intervention, the economy may not naturally return to full employment, and there may be a need for policy measures to stimulate demand and create jobs. Keynes advocated for government spending and other policy tools to help stabilize the economy and promote full employment.
fetzer company declared a $0.55 per share cash dividend. the company has 480,000 shares authorized, 456,000 shares issued, and 19,200 shares in treasury stock. the journal entry to record the dividend declaration is:
Answers
Debit Retained Earnings $250,800; credit Common Dividends Payable $250,800
What is a dividend?A dividend is the distribution of profits to shareholders by a corporation. When a corporation makes a profit or has a surplus, it has the option of paying a portion of that profit as a dividend to its shareholders. Any money that is left over is taken out and put back into the business.
The total dividend is divided by the number of outstanding shares to determine the dividend per share.
A corporation may choose to disperse a portion of its income in one of four different ways. Your monthly brokerage statement may include information about dividends paid on CASH, STOCK, HYBRID, or PROPERTY investments.
Shares issued= 456,000
Per share cash dividend = $0.55
Dividends Payable = 456,000 x $0.55 = $250,800
Debit Retained Earnings $250,800, credit Common Dividends Payable $250,800
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define the word hierarchical structure.
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Do a through PESTEL analysis to understand the external
environment and the way it affects the attraction
Answers
PESTEL analysis is a framework used to assess the external factors that can impact an organization or industry.
In this case, we will use the PESTEL analysis to understand the external environment and its influence on the attraction industry.
Political Factors: Government regulations and policies related to tourism and entertainment.
Stability of the political environment and potential changes in legislation.
Taxation policies and incentives for the attraction industry.
International relations and geopolitical factors affecting travel and tourism.
Economic Factors: Overall economic conditions and trends.
Disposable income levels and consumer spending patterns.
Exchange rates and currency fluctuations.
Employment rates and labor market conditions.
Inflation rates and cost of living.
Sociocultural Factors: Demographic trends and shifts in population.
Cultural norms, values, and preferences.
Lifestyle choices and consumer behavior.
Attitudes towards leisure activities and entertainment.
Social media and its impact on consumer perceptions and experiences.
Technological Factors: Advancements in technology affecting the attraction industry.
Digitalization and online platforms for ticketing and reservations.
Virtual reality (VR) and augmented reality (AR) technologies enhancing visitor experiences.
Automation and artificial intelligence (AI) impacting operations and customer interactions.
Environmental Factors: Sustainability practices and environmental regulations.
Climate change and its impact on outdoor attractions.
Natural disasters and their potential effects on attractions.
Growing awareness of eco-tourism and responsible travel.
Legal Factors: Health and safety regulations for attractions.
Intellectual property laws and copyright issues.
Employment laws and regulations.
Contractual agreements with suppliers and partners.
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What is a tagline?
(Principles Of Business Management)
Answers
Answer:
Explanation:
A tagline is a short phrase used in marketing campaigns of a business to sum up the value of a brand or its products and create a positive brand impression.
Air travel is down by almost 50 percent as most people prefer to take road trips in
cars as opposed to boarding an airplane. As a result, the price for jet fuel drops
significantly
A. Changes in consumer expectations
B. Changes in demand for complementary goods
C. Changes to the number of consumers
D. Changes in consumer preferences and tastes
Answers
Answer:
C
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Answer:
C
Explanation:
The price of jet fuel will drop as they would want major companies to buy more since they will be losing money.
From a business PoV, it is better to sell at a lower price with little to no profit or losing a little bit of money rather than losing tons of money.
A special kind of imperfectly competitive market that has only two firms is called.
Answers
Answer:
The necessary characteristics for a market condition of perfect competition are as follow Prices in the marketplace are essentially controlled by the basic economic forces of supply and demand.In particular, sellers do not have any significant ability to control the prices of their goods or services.
Explanation:
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Answer:
Duopoly
Explanation:
A special kind of imperfectly competitive market that has only two firms is called a duopoly
if the government increases taxes on foreign steel
Answers
Answer:
it will help develop the country
Calculate the IRR (internal rate of return) for a project that will require an immediate investment of $30,000 followed by cash inflows of $20,000, $12,000, and $3,619.84 at the end of each of the next 3 years. Calculate the IRR to the nearest 0.25%. O 11.50% O 11.75 % O 12.00% 5 pts O 12.25%
Answers
To calculate the internal rate of return (IRR) for the given project, we need to find the discount rate that makes the net present value (NPV) of the cash flows equal to zero. The cash flows for the project are as follows:
Year 0: -$30,000 (initial investment)
Year 1: $20,000
Year 2: $12,000
Year 3: $3,619.84
To calculate the IRR, we can use the trial-and-error method or financial software/tools. Using a financial calculator or Excel's IRR function, we find that the IRR for this project is approximately 11.75% to the nearest 0.25%.
The IRR represents the annualized rate of return that the project is expected to generate. In this case, the project requires an initial investment of $30,000, and over the next three years, it generates cash inflows of $20,000, $12,000, and $3,619.84. The IRR is the discount rate at which the sum of the present values of these cash flows equals the initial investment. By finding the rate that makes the NPV zero, we determine the IRR. In this case, the IRR is approximately 11.75%, indicating that the project is expected to generate a return of around 11.75% per year.
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Miguel is vice president of marketing at xyz corp. He is disappointed to learn that the vice president of sales at xyz earns 20 percent more than he does despite the two positions having similar levels of responsibility and impact. In this example, what method is miguel using to evaluate the fairness of his pay?
Answers
Miguel holds the position of vice-president of marketing at xyz Corp. Because Miguel ended up having $35 more so than he did, he is unsatisfied.
What are the many types of marketing?The 4 P are a "combination of strategies" that includes four crucial elements for selling a product or service product, price, place, and marketing. Businesses frequently consider the four Ps when creating plans and objectives for reach their intended audiences.
What is an effective marketing example?In a word, it is an effort to make customers aware of a business's offers, which can include both physical goods for sale or services rendered. Advertising on television, on billboards along the highway, and in magazines are all common examples of marketing in action.
Briefing
He spends $35 × 4 = $140.
He earns $21 × 5 = $105.
His net increase is $105 -140 = -$35.
Miguel ends up with $35 less than he started with.
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