The rate of markup on cost on a product selling at $67.58 is 45%. a. What is the cost of the product to the retailer? Round to the nearest cent b. What is the rate of markup on selling price? % Round to two decimal places
Answers
a. The cost of the product to the retailer is $46.60.
b. The rate of markup on selling price is 68.18%.
a. The cost of the product to the retailer is $46.60.
To determine the cost of the product to the retailer, we need to use the formula:
Cost = Selling price / (1 + Markup rate)
Substituting the given values, we get:
Cost = 67.58 / (1 + 0.45)
Cost = $46.60
Therefore, the cost of the product to the retailer is $46.60 (rounded to the nearest cent).
b. The rate of markup on selling price is 68.18%.
The rate of markup on selling price can be calculated using the formula:
Markup on selling price = (Markup rate / (1 + Markup rate)) x 100%
Substituting the given values in the above formula, we get:
Markup on selling price = (0.45 / (1 + 0.45)) x 100%
Markup on selling price = 68.18%
Therefore, the rate of markup on selling price is 68.18% (rounded to two decimal places).
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Related Questions
Identify the three tools of monetary policy, and what the Bank
of Botswana would do to increase (or decrease) the (growth of the)
money supply.
Answers
To increase the money supply, the Bank of Botswana can engage in open market operations by purchasing government securities, lower the reserve requirement for banks, and reduce the discount rate. On the other hand, to decrease the money supply, it can sell government securities, increase the reserve requirement, and raise the discount rate. The specific actions taken by the Bank of Botswana would depend on the prevailing economic conditions and policy objectives.
The three tools of monetary policy are:
Open Market Operations: This involves buying or selling government securities (bonds) in the open market. When the central bank, such as the Bank of Botswana, buys government securities, it injects money into the economy, increasing the money supply. Conversely, when it sells government securities, it withdraws money from the economy, decreasing the money supply.
Reserve Requirements: Reserve requirements refer to the portion of deposits that banks are required to hold as reserves. By increasing or decreasing the reserve requirement, the central bank can influence the amount of money banks can lend. If the Bank of Botswana wants to increase the money supply, it can lower the reserve requirement, allowing banks to lend more. Conversely, if it wants to decrease the money supply, it can raise the reserve requirement, restricting banks' lending capacity.
Discount Rate: The discount rate is the interest rate at which banks can borrow funds from the central bank. By changing the discount rate, the central bank can encourage or discourage banks from borrowing. If the Bank of Botswana wants to increase the money supply, it can lower the discount rate, making it cheaper for banks to borrow. Conversely, if it wants to decrease the money supply, it can raise the discount rate, making borrowing more expensive for banks.
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The way you spend your time and energy is your _____.
PLS DONT GUSS:(
career
lifestyle
occupation
leisure time
Answers
Answer:
Lifestyle
Explanation:
Because your lifestyle contains all of those things, it's the way you live your life and what you're both made to do and choose to do!
Answer:
Lifestyle
Explanation:
Your lifestyle is how you spend your time, energy, and resources
When determining productivity, which of the following is not an economic input
Answers
D. the amount of money required to buy a car, is not a factor of production.
Economists divide the elements of production into four categories: land, exertions, capital, and entrepreneurship. The effective elements are generally categorized into three organizations: land, labor, and capital. the primary represents sources whose supply is low in terms of call for and can't be expanded because of the result of manufacturing. The earnings derived from the possession of this aspect are known as a financial lease.
The four elements of production are land, exertions, capital, and entrepreneurship. they may be said to be the constructing blocks of the economic system. Expenditure does not come below the 4 predominant elements of production. The 1/3 factor of production is capital.
Disclaimer:- your question is incomplete, please see below for the complete question.
When determining productivity Which of the following is NOT a factor of production?
A. the land required for a hog farm
B. the training required to repair an airplane engine
C. the teacher required to teach an economics class
D. the amount of money required to buy a car
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if a company generates its own goodwill through advertising or training, how should these costs be treated? multiple choice question. record as an extraordinary loss in the current year. capitalize the costs and amortize them over the expected life of the goodwill. expense the costs as incurred. capitalize the costs and test for impairment.
Answers
Answer:Expense the costs as incurred
Explanation:
If the Fed increases its open market purchases of government securities, it exerts a downward pressure on real interest rates. Such a phenomenon is usually referred to as the ______________________ effect.
Answers
Answer:
Liquidity Effect
Explanation:
The liquidity effect is one of the resulting outcomes of the government policies which increases money in the economy system. However, the liquidity effect is the cause of the reduction in the real interest rates.
Therefore, If the Fed increases its open market purchases of government securities, it exerts downward pressure on real interest rates. This situation is commonly referred to as LIQUIDITY EFFECT.
One year ago, your company purchased a machine used in manufacturing for $110,000. You have leamed that a new machine is avalable that offers many advantages; you can purchase it for $150,000 today. It will be depreciated on a straight-line basis over ten years, after which it has no salvage value. You expect that the new machine will contribute EBITDA (earnings before interest, taxes, depreciation, and amortization) of \$40, 000 per year for the next ten years. The current machine is oxpoctod to produce EBITDA of $20,000 per year. The current machine is being depreciated on a straight-line basis over a useful life of 11 years, after which it will have no salvage value, so depreciation expense for the current machine is $10.000 per year. Al other expenses of the two machines are identical. The market value today of the current machine is $50.000. Your companys tax rate is 20%, and the opportunity cost of capital for this type of equlpment is 10%. is it profitable to roplace the yoar-old machine?
The NPV of the replacement is ___ ( (Round to the nearest dollar.)
Answers
The calculated NPV of the replacement is approximately -$140,359
The NPV is negative, it indicates that replacing the year-old machine would result in a net loss, making it unprofitable to replace the machine.
To determine if it is profitable to replace the year-old machine, we need to calculate the Net Present Value (NPV) of the replacement.
NPV takes into account the time value of money and compares the present value of cash inflows and outflows.
Here are the steps to calculate the NPV:
Calculate the annual cash flows for both the current and new machine, taking into account EBITDA and depreciation.
For the current machine:
Annual Cash Flow = EBITDA - Depreciation Expense
Annual Cash Flow = $20,000 - $10,000 = $10,000
For the new machine:
Annual Cash Flow = EBITDA - Depreciation Expense
Annual Cash Flow = $40,000 - ($150,000 / 10)
= $40,000 - $15,000
= $25,000
Calculate the present value of the annual cash flows for both machines.
Using the formula:
PV = CF / (1 + r)^n
Where PV is the present value, CF is the cash flow, r is the opportunity cost of capital, and n is the number of years.
For the current machine:
PV(Current Machine) = $10,000 / (1 + 0.10)^11
PV(Current Machine) = $10,000 / 2.853116
PV(Current Machine) = $3,501.38
For the new machine:
PV(New Machine) = $25,000 / (1 + 0.10)^10
PV(New Machine) = $25,000 / 2.593742
PV(New Machine) = $9,641.03
Calculate the NPV by subtracting the initial cost of the new machine from the present value of its cash flows.
NPV = PV(New Machine) - Initial Cost of New Machine
NPV = $9,641.03 - $150,000
NPV = -$140,358.97
The calculated NPV of the replacement is approximately -$140,359 (rounded to the nearest dollar).
Since the NPV is negative, it indicates that replacing the year-old machine would result in a net loss, making it unprofitable to replace the machine.
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Which of these is an example of land capital?
A. Small business
B. Oil
C. Money
D. Accountant
Answers
The answer is B. Oil.
Answer:oil
Explanation:
just did the test
one reason why adverse selection problems arise in health insurance markets is that:____
Answers
One reason why adverse selection problems arise in health insurance markets is that asymmetric information exists between insurance buyers and sellers.
Adverse selection refers to a situation where individuals with a higher risk of needing healthcare are more likely to purchase health insurance compared to those with lower risks. This can create imbalances and higher costs for insurance providers.
Asymmetric information occurs when one party has more information than the other in a transaction. In the context of health insurance, individuals seeking coverage have more knowledge about their own health risks, medical history, and behaviors than the insurance companies. This knowledge asymmetry allows individuals to make decisions based on their own perceived risks, which can lead to adverse selection.
When individuals with higher risks are more motivated to purchase health insurance, it creates an adverse selection problem for insurance providers. The insurance pool becomes skewed towards individuals with higher risks, leading to increased costs for the insurer. To mitigate this risk, insurance companies may adjust premiums or coverage terms, leading to higher costs for all policyholders.
Adverse selection problems in health insurance markets often arise due to the presence of asymmetric information, where individuals have more knowledge about their health risks compared to insurance companies. This knowledge advantage allows individuals to make choices based on their perceived risks, leading to imbalances and increased costs for insurers.
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Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E
Answers
The reason why buying a car considered "bad debt"is that It decreases in value over time. option A
What is bad debt?The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books, then things turn to uncollectible and is recorded as a charge-off.
It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases interest charges increase how the amount that is been paid for the vehicle. and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.
Hence, option A is correct.
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A machine costing $180,000 was purchased may 1. The machine should be obsolete after four years and, therefore, no longer useful to the company. The estimated salvage value is $15,000. Calculate the depreciation expense for each year of its expected useful life using each of the following depreciation methods: (a) straight-line, (b) double-declining balance. For double-declining balance, do not round until your final answer. Round your final answers to the nearest dollar.
Answers
From the given information, Straight line depreciation expense for Year 1 is $27,500 and Year 2, 3 ,4 = $41,250. Double declining method for Year 1: $60,000, Year 2: $60,000, Year 3: $30,000, Year 4: $15,000
1. Straight line depreciation expense = (Cost of asset - Salvage value) /
useful life
= ( $180,000 - $15,000) / 4 = $41,250
Depreciation expense every year would be 41250 expect in year 1 when the machine was used for only 8 months.
To determine the deprecation expense in the 1st year, determine the monthly deprecation expense.
41250 / 12 = 3,437.50
Depreciation for 1st year = 3,437.50 x 8 = $27,500
Depreciation expense using the double declining method = Depreciation factor × cost of the asset
Depreciation factor = 2 × (1/useful life)
2 / 4 = 0.5
Depreciation expense in year one = 0.5 × $180,000 = $90,000
2. The same procedure for determining depreciation expense in year 1 under straight line depreciation would also be used here.
90,000 / 12 = $7,500
$7,500 × 8 = $60,000
Book value at the beginning of year 2 = $180,000 - $60,000 = $120,000
Depreciation expense in year 2 = 0.5 × $120,000 = $60,000
Book value at the beginning of year 3 = $120,000 - $60,000 = $60,000
Depreciation expense in year 3 = 0.5 x $60,000 = $30,000
Book value at the beginning of year 4 =$60,000 - $30,000 = $30,000
Depreciation expense in year 4 = 0.5 x $30,000 = $15,000
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People often complain about price gouging after a natural disaster. Suppose the government imposed limitations on price increases in the aftermath of a disaster. One would expect.
Answers
People usually complain about price gouging after a natural disaster. If the government implements some limitations on prices one would expect reconstruction to take longer because the quantity supplied of new materials would increase more slowly.
Price gouging is the practice of businesses charging inflated prices for needs in response to sudden increases in demand, frequently following a natural catastrophe or another state of emergency.
Natural disasters, also known as natural hazards, are severe, unexpected occurrences that are brought on by environmental elements such as storms, floods, droughts, fires, and heat waves. Natural catastrophes are occurring more frequently, with a wider reach, and with more consequences.
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project procurement management mainly involves: select one: a. making effective use of the people involved with the project. b. identifying and analyzing stakeholder needs while managing and controlling their engagement. c. generating, collecting, disseminating, and storing project information. d. buying goods and services for a project from outside the performing organization.
Answers
The correct option is - d. buying goods and services for a project from outside the performing organization is involved in project procurement management.
Explain about the project procurement management?The process of controlling and optimizing a project's budget as it relates to the goods, services, as well as resources you'll need to finish your project is known as procurement management. Resources include, for instance, raw materials, constructing space.
Three stages make up the project procurement management process: planning the procurements, making the purchases, and overseeing the purchases.The management of the procurement process aids the business in making the best purchase decisions. Essentially, supply chain management and procurement management are related. reason procurement management also handles supply-related direct purchases. It aids business in cutting down on manual purchasing time. Indirect purchase, sometimes referred to as operational purchasing in a corporation, is also handled by procurement management, which helps to cut costs, timelines, and resources.Thus, Project procurement management refers to the process of acquiring supplies and services for a project from sources other than the performing company.
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After reviewing Week 4’s learning resources, take the role of the BI Consultant hired by the company. Prepare and submit your own business proposal on what should be the important factors for a successful implementation and oversight of the company’s BI solution. Use Microsoft Word and APA format to create a 1,500-1,750 word business proposal describing your proposed best practices that should be established when developing a BI solution (include the areas of business strategy, business processes, data, people, and technology). Describe the potential barriers, challenges and risks factors in delivering the BI solution and what would you propose as major best practices to overcome the challenges and mitigate the risks while delivering a successful BI solution. Lastly, describe the benefits to the company after a successful BI implementation.
Resources:
Six Business Intelligence Challenges that Every Organization Face - This article describes the potential challenges organizations face when implementing a business intelligence solution.
Gold Rush! - This article describes the advantages/benefits/rewards for organizations when successfully implementing a business intelligence solution.
Ten Red Flags Signaling Your Analytics Program Will Fail - This article reviews potential risk factors concerning business intelligence program in organizations.
New Innovation Strategy – Establishing the right corporate culture is key to success - This article reviews key success factors when implementing a business intelligence solution.
The Most common Business Intelligence Problem - This survey provides challenges and problems that company face when implementing a business intelligence solution.
Answers
In the recent years, companies have realized the need for Business Intelligence (BI) to make data-driven decisions. However, a successful implementation and oversight of BI requires effective management and strategy.
Therefore, this business proposal will cover important factors for a successful implementation and oversight of the company’s BI solution and major best practices to overcome the challenges and mitigate the risks while delivering a successful BI solution.
Areas of Business Strategy
Business strategy is one of the critical areas in BI implementation and oversight. The company must have a clear vision and goal for the BI solution, and the BI consultant must work with the executive team to develop a solid BI strategy. Best practices to establish a business strategy include:
Identify the business problem and determine what data is necessary to solve it.
Define the business objectives and determine how BI can assist in achieving them.
Determine the KPIs and set measurable goals to track the progress of the BI solution.
Areas of Business Processes
Another important area in BI implementation is business processes. Best practices for establishing business processes include:
Identifying business processes that will be impacted by the BI solution.
Developing standardized procedures for using and maintaining the BI solution.
Ensuring business processes are integrated into the BI solution and that users have access to real-time data.
Areas of People
People are an important factor for a successful BI solution. The company must ensure that its employees understand and use the BI solution to make data-driven decisions. Best practices for establishing people include:
Providing adequate training and support to the users.
Developing a data-driven culture to encourage employees to use the BI solution.
Establishing a data governance committee to oversee the BI solution and its usage.
In conclusion, a successful BI implementation requires effective management and strategy. Therefore, this business proposal has covered the important factors for a successful implementation and oversight of the company’s BI solution and major best practices to overcome the challenges and mitigate the risks while delivering a successful BI solution. It has also covered the benefits the company can achieve from a successful BI implementation.
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Instructions: Imagine that you have just decided to change jobs and that you will use networking as one of your major strategies. Answer these questions:
Would you use technology to assist you with networking, why or why not?
If you chose technology, which platforms would you use?
How do you think these platforms would help you?
If you chose not to use technology, explain the benefit of not using it.
Click the Start Assignment button below to begin.
Need detail answers
Answers
A well-known adage provides an explanation for the fact that more than 70% of all positions are filled through systems administration: "Everything revolves around who you know.
" As a tech celebrity, you might be receiving a lot of random job openings in your inbox right now, but they're just that: arbitrary. Maintaining your systems administration presence, even if you aren't actively looking for work, sets you up for future jobs that may be exactly what you need rather than what is offered to you. As a result, there are numerous opportunities to advance your career in technology through systems administration.
Associate with ColleaguesBridle Online StagesPursue Gatherings, Meetups, and Occasions.Go to Hackathons and Contests.Volunteering2. LinkedIn gives you the ability to connect with people and professional organizations in your field. This is a fantastic way to stay up to date on the latest developments and share knowledge with others in your field.
3. Through networking, we become a recommended individual from a much smaller pool. It's possible that the work you need will never be made public. Before a typical set of working responsibilities is created or a task is declared, organizing prompts data and job leads.
4. In the event that we not use organizing site in looking through positions, then we have part of advantages these are :-
Security of data and privacy. Avoid health problems. Avoid getting involved in seeing things you don't want.Incomplete question :
Instructions: Imagine that you have just decided to change jobs and that you will use networking as one of your major strategies. Answer these questions:
1. Would you use technology to assist you with networking, why or why not?
2. If you chose technology, which platforms would you use?
3.How do you think these platforms would help you?
4. If you chose not to use technology, explain the benefit of not using it.
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If you have a savings account at a bank, you participate in the loanable funds market as: a) a borrower b) a buyer c) a borrower and a lender
Answers
In the loanable funds market, you can take part as a lender if you have a savings account with a bank.
A financial market called the loanable funds market is where savings are converted into investments through lending. Borrowers and lenders trade loanable funds, which might take the form of stocks, bonds, or cash, in this market. Individuals, businesses, and governments looking for resources to engage in profitable projects are the sources of the demand for loanable funds. Loanable funds are provided by people, businesses, and governments who are willing to set aside their extra revenue. The price that strikes a balance between the supply and demand for loanable money is known as the equilibrium interest rate. The loanable funds market can be impacted by changes in variables including government policies, economic expansion, and inflation, which can modify the equilibrium interest rate and the availability of loanable funds.
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Assume that the Swiss interest rates are higher than U.S. interest rates, and that interest rate parity exists. Which of the following is true?
a. Americans using covered interest arbitrage ear the same rate of return as Swiss investors who attempt covered interest arbitrage.
b. Americans who invest in the United States earn the same rate of return as Swiss investors who invest in Switzerland.
c. Swiss investors who attempt covered interest arbitrage ear a higher return than American investors who attempt covered interest arbitrage.
d. Americans who invest in the United States earn the same rate of return as Swiss investors who attempt covered interest arbitrage.
Answers
The correct answer is d. Americans who invest in the United States earn the same rate of return as Swiss investors who attempt covered interest arbitrage.
This is because interest rate parity exists, which means that the difference in interest rates between two countries is equal to the percentage difference between the forward exchange rate and the spot exchange rate. Therefore, any potential gains from covered interest arbitrage would be eliminated by the exchange rate movements.
For example, if the interest rate in Switzerland is 5% and the interest rate in the US is 3%, Swiss investors would be attracted to invest in the US to earn a higher return. However, this increased demand for US dollars would cause the exchange rate to appreciate, which would decrease the return earned by Swiss investors. Similarly, American investors would not be able to earn a higher return by investing in Switzerland, as the exchange rate movements would eliminate any potential gains.
Therefore, interest rate parity ensures that investors in both countries earn the same rate of return, regardless of the difference in interest rates. The correct answer is d. Americans who invest in the United States earn the same rate of return as Swiss investors who attempt covered interest arbitrage.
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which source of funds refers to the money raised by corporations through stock markets
Answers
Answer:
Capital Funds/Equity Capital
Explanation:
A company can raise their overall capital by selling off parts of the company in the form of stocks in which then people become shareholders, most of the time called investors. This is know as Equity Funding.
give short introduction about tourism industry
Answers
Answer:
Tourism industry is the industry that manages all the resources related to the tourism like hotel management, guides and many more. Tourism industry is very beneficial for the developing countries like Nepal, India and many more. Through it there will be economic development in the country. And from the economical development the citizens of the country can get facilities.
Answer:
Explanation: Tourism is the activities of people traveling to and staying in places outside their usual environment for leisure, business or other purposes for not more than one consecutive year.1.Domestic Tourism -Domestic tourism is the act of travelling for business or leisure within one’s home country2.International tourism-International tourisminvolves tourist who are traveling to different countries.
27 POINTS HELP ASAP ILL GIVE A CROWN FOR MOST HELPFUL ANSWER
A common advantage of a promotion is that ______.
a.
You will have longer hours
b.
Your relationships with your peers will change
c.
You will receive better pay
d.
You may have to learn to do new tasks
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
c
Explanation:
The bureau of labor statistics publication that provides detailed and up-to-date information about the u.s. workforce is the:_________
Answers
The bureau of labor statistics publication that provides detailed and up-to-date information about the u.s. workforce is the Employment Situation Summary.
The Bureau of Labor Statistics (BLS) publishes a report every month called the Employment Situation Summary that contains detailed information on the American labor market. It contains information on earnings, job growth, employment, and unemployment.
The Current Population Survey (CPS), which polls households to establish the unemployment rate, and the Establishment Survey, which polls businesses to determine nonfarm payroll employment, number of hours worked, and wages, are the two surveys used as the basis for the report.
The BLS also creates a wide range of information about the American labour market, such as the Consumer Price Index, the Quarterly Census of Employment and Wages, and the Occupational Outlook Handbook.
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Outline how to identify the currency of the chosen legislation
Answers
A piece of legislation's currency can be determined in the most important way by looking for publication dates. Most laws have a publication date that can be used to determine when they were most recently changed.
The written law produced by Parliament is referred to as legislation, statutes, or acts of parliament. It is one of the two main sources of law, the other being "Case Law," or court rulings. Legislation, usually referred to as statutory law, forms the basis of India's current legal order. The statutes passed and enforced by the legislature serve as the foundation for statutory legislation.
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In project management, the "iron triangle" or "triple constraint" includes a project’s time, resources and what other dimension of the planning process?.
Answers
The other dimension of the planning process included in the "iron triangle" or "triple constraint" of project management is scope.
In other words, a project's time, resources, and scope are interconnected and interdependent, and any change to one of these elements will have an impact on the other two.
For example, if the scope of a project is increased, this will likely result in a longer timeline and/or require additional resources to complete.
On the other hand, if resources are limited or reduced, the scope may need to be adjusted to ensure the project can be completed within the given timeframe.
Therefore, managing the triple constraint effectively is crucial for project success and requires careful planning, monitoring, and control.
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what steps must countries take to transition to a mixed-market economy?
Answers
Answer:
The steps that contries must take to transition to a mixed-market economy is by first establishing a fair labor market, discouraging all foreign investment and opening up trade to other countries.
If productivity increases significantly and demand is not very elastic, what is likely to happen?
A
B. Fewer workers will be needed.
C. Division of labor will decrease.
D. Demand will increase.
The number of consumers will increase.
Please select the best answer from the choices provided
A
OB
D
Answers
Answer:
B. Fewer workers will be needed.
Explanation:
Elastic demand refers to a flexible demand. It is a demand that can increases or decreases due to several factors. If demand is not elastic, it implies it is constant. An increase or decrease in output or price will not affect the quantity demanded.
An increase in productivity means an increase in output per worker. It is the increase in the number of units produced, per hour, per worker. An increase in productivity results in more output in a given period than previously.
If the demand is constant and there is an increase in productivity, only a few workers will be required. The output from the few workers will be high to meet the constant demand.
Answer:
B
Explanation:
early theories of business cycles assumed that economic fluctuations had a pendulum-like structure with systematic swings in economic growth. which property of economic fluctuations do these early theories contradict?
Answers
Limited predictability property of economic fluctuations do these early theories contradict.
Economics is the look at of scarcity and its implications for the usage of assets, production of goods and services, boom of production and welfare over time, and a excellent sort of other complicated troubles of crucial concern to society.
Economics is the social technological know-how that studies the manufacturing, distribution, and consumption of goods and offerings. Economics makes a speciality of the behaviour and interactions of economic retailers and the way economies work.
On the most fundamental degree, economics attempts to provide an explanation for how and why we make the shopping alternatives we do. four key monetary standards—scarcity, deliver and call for, charges and advantages, and incentives—can assist explain many decisions that humans make.
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neon lighting is comparing actual and applied overhead amounts at the end of the year and finds the factory overhead account has a credit balance. what does this mean?
Answers
This mean applied costs are higher than actual costs. That's why neon lighting is comparing actual and applied overhead amounts at the end of the year .
What does an Actual Cost mean?Actual cost is the sum of the supplier-invoiced charge and the costs associated with delivering, configuring, and testing the asset. This refers to the value of the asset when This is first recognized as a fixed asset in the financial accounts.
Actual costs and applied costs differ from one another.The phrase "applied cost" is utilized in costing system to refer to the cost that is ascribed to something but may not match the real cost. Since the applied cost is an estimate, it can and frequently does differ from the real cost. Each cost object's applied cost is calculated to use an allocation rate.
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Construct the following for the Nestle Company: SWOT Matrix - SPACE Matrix - BCG Matrix
Answers
Nestle is a Swiss multinational food and beverage corporation that was founded in 1866. The corporation is the largest food company in the world, and it has more than 2,000 brands in its portfolio. Nestle is organized into several business segments, including coffee, bottled water, dairy products, infant formula, and pet food.
To assess the company's position in the market, the SWOT Matrix, SPACE Matrix, and BCG Matrix can be constructed. Let's understand each of these matrices: S.W.O.T. Matrix: S.W.O.T. analysis is an important technique used to evaluate a company's strengths, weaknesses, opportunities, and threats. A SWOT Matrix is a chart that plots these factors against each other to determine a company's overall position in the market. The SWOT Matrix for Nestle Company is given below: SPACE Matrix: The SPACE Matrix is a useful tool for developing and understanding a company's position in the market. The SPACE Matrix plots a company's internal strengths and weaknesses against external opportunities and threats. The four quadrants of the matrix are conservative, aggressive, defensive, and competitive.
The SPACE Matrix for Nestle Company is given below: BCG Matrix:The BCG Matrix is a chart that is used to evaluate a company's products or services. The chart plots a company's products or services against two factors: market growth rate and market share. The four quadrants of the BCG Matrix are dogs, cash cows, question marks, and stars.
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What is the first thing the law requires you to do when you arrive at an intersection? Explain what you should do if there is an officer directing traffic.
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Answer:
If a law enforcement officer if directing traffic where there are traffic lights, OBEY the officer – not the signals. You must yield the right-of-way to all other traffic and pedestrians at stop signs. Move forward only when the road is clear. At four-way signs, the first vehicle to stop should move forward first.
The very first action we do is stop at the junction as if it were a red light and waiting for police to notify you when it is safe to go.
Explanation:
If a police officer directs traffic in an area with traffic signals, respect the officer rather than the signals. At stop signs, you must surrender the right-of-way to all other cars and pedestrians. Only proceed when the road is clear. When approaching a four-way stop, the first car to halt shall proceed first.
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Alveva is an online beauty subscription service that sends its subscribers a monthly box of four to seven curated make-up and beauty products. Alveva’s monthly subscription service allows customers to test in-trend products before purchasing them at a full price from Alveva’s website. Table 1 (second column) shows the per unit wholesale cost of each product that can be used to create different boxes each month.
After customers receive their subscription boxes, they can indicate the products they did not enjoy through a monthly survey. The Analytics Department at Alveva uses this information to categorize customers into 10 subscriber types. The number of customers that belong to each subscriber type is given in the last row of Table 1. In addition to collecting subscribers’ feedback, the firm also keeps track of the products that the customers receive each month to ensure the delivery of new items in each box. The ones in Table 1 indicate a product that a subscriber type must not receive in their next box. For example, subscriber type 1 must not receive moisturizer A, lipstick C, concealer B, highlighters A and B, and nail polish D in their next monthly box. Assume the same box should be sent to all subscribers of the same type. At most 80000 units of each product type can be used in the subscription boxes each month due to resource limits.
If Alveva charges $8 per item in the monthly subscription box, how should the boxes be curated and assigned to different subscribers to maximize the total profit?
Write the algebraic formulation for this optimization problem.
Solve using Excel or GAMS and report your findings.
The CEO of Alveva would like to limit the number of different boxes created to a maximum of 3 to process boxes faster. In other words, at most 3 types of boxes will be produced, and each box type will be sent to multiple subscriber types (e. G. Box type 1 may be sent to subscriber types 1, 2, 5, and 8). What should be included in these 3 box types, how should they be assigned to different subscribers, and what is the optimal profit? Solve using Excel or GAMS.
Hint for part 2: A (practically) desirable model for this part is a mixed-integer linear program. For this model, you need to introduce a binary variable with three indices (for example, define binary variable uijk, which takes a value of 1 if product i is included in box j for subscriber type k, and 0 otherwise). We recommend using GAMS for solving this model, because GAMS is a more convenient platform for implementing variables with more than 2 indices. If you are unable to model this problem as a mixed-integer linear program, it is OK to model it as a nonlinear program. For this model, you do not need to define the binary variable with three indices. If you adopt this second option, we recommend using GAMS and solver BONMIN. Remember you can select your solver by adding the following before the solve statement: "Option solver=BONMIN;"
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This problem requires the optimization of profit from the sale of subscription boxes with the constraint of limited resources and customer preferences.
To solve this problem, we need to formulate a mathematical model that maximizes the profit by selecting the products to include in each box and assigning them to the appropriate customer types while considering the resource limit and customer preferences. One way to approach this problem is by formulating it as a mixed-integer linear program, where we introduce binary variables to represent the selection of products and assignment of boxes.
We can then use optimization software such as GAMS to solve the problem and obtain the optimal solution. To address the second part of the question, where the CEO wants to limit the number of different boxes to three, we can modify the model to include this constraint and solve it using the same approach.
Overall, this problem requires a thorough understanding of mathematical optimization and the ability to formulate and solve complex optimization problems using software tools.
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