Answer:
I would say second and fourth
Answer
The Last Three In your question but A, C, and D in edg
Explanation:
Which of the following supports a business strategy that incorporates the key
operational capability of flexibility?
O Utilizing specialized, automated equipment for consistent product buildup
O Using electronic tools to improve customer communications
Having high quality standards for suppliers
O Reducing labor and shelving costs
O Maintaining excess production capability
Business strategy that incorporates the key operational capability of flexibility is utilizing specialized, automated equipment for consistent product buildup.
Thus, the correct option is A.
What is Business strategy?
A business strategy explains the precise methods through which a company intends to position itself, accomplish its short- and long-term objectives, and expand over time.
A plan outlining how a corporation will accomplish its objectives is known as a business strategy. Although there are many distinct business strategies, cost leadership, differentiation, and focus are a few typical examples.
Cost, quality, distribution, technology, and intellectual property are the only five corporate tactics (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. Focusing your business on just one thing is generally the simplest to implement.
A strategy is essentially just a hypothesis. For a strategy to be effective, the issue that needs to be resolved must be accurately diagnosed, a guiding policy must be established to handle the issue, and a set of cogent actions must be proposed to carry out the policy.
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1. If the sales of your company have grown from $500,000 five years ago to $1,050,150this year, what is the compound growth rate? If you expect your sales to grow at arate of 10 percent for the next five years, what should they be five years from now
The compound growth rate, given the sales of the company five years ago and this year, is 16 %
Your sales, five years from now , would be $ 1, 691, 277.08
How to find the compound growth rate ?The compound growth rate can be found by the formula :
= ( Current sales / Sales five years ago ) ^ ( 1 / number of years ) - 1
= ( 1, 050, 150 / 500, 000 ) ¹ / ⁵ - 1
= 2. 1003 ¹ / ⁵ - 1
= 16 %
How to find the sales ?The sales in five years would be :
= Current sales x ( 1 + rate ) ^ number of years
= 1, 050, 150 x ( 1 + 10 %) ⁵
= $ 1, 691, 277.08
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Flounder has year-end account balances of Sales Revenue $843,779, Interest Revenue $12,160, Cost of Goods Sold $531,052, Administrative Expenses $177,930, Income Tax Expense $36,772, and Dividends $17,793. Prepare the year-end closing entries.
Answer:
Dr Sales Revenue $843,779
Dr Interest Revenue $12,160
Cr Income Summary $855,939
Dr Income Summary $745,754
Cr Cost of Goods Sold $531,052
Cr Administrative Expenses $177,930
Cr Income Tax Expense $36,772
Dr Income Summary $110,185
Cr Retained Earnings $110,185
Dr Retained Earnings $17,793
Cr Dividends $17,793
Explanation:
Preparation for the year-end closing entries.
Dr Sales Revenue $843,779
Dr Interest Revenue $12,160
Cr Income Summary $855,939
($843,779+$12,160)
Dr Income Summary $745,754
($531,052+$177,930+$36,772)
Cr Cost of Goods Sold $531,052
Cr Administrative Expenses $177,930
Cr Income Tax Expense $36,772
Dr Income Summary $110,185
($855,939-$745,754)
Cr Retained Earnings $110,185
Dr Retained Earnings $17,793
Cr Dividends $17,793
b. how much will the federal government spend on science and international affairs if the federal government's total spending is $4.3 trillion.
The federal government uses spending and tax policy to maintain economic stability and foster economic growth. Regulatory actions carry economic costs and benefits.
What is government?The term government refers that the system which was governed by a state or a country in it, we see there are different governments are being there in states the government is made by the people and govern for the people also in it. There is a system being made and under the system, the government is being run.
The President's Budget calls for overall R&D spending government of $205 billion, an increase of $45 billion over FY 2021 (28%), and spending on basic and applied research of $111 billion, an increase of $25 billion (29%) over FY 2021 spending levels, and over $100 billion for the first time.
Therefore, To maintain economic growth, the federal government employs tax and expenditure policies.
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A sample of 15 consumers provided the following product ratings for three different products. Five consumers were randomly assigned to test and rate each product.
Product
A B C
51 81 61
67 94 44
74 92 31
42 85 52
64 91 55
Use the Kruskal-Wallis test and = 0.05 to determine whether there is a significant difference among the ratings for the products.
a)H0: All populations of product ratings are identical.
Ha: Not all populations of product ratings are identical
Find the value of the test statistic.
The Kruskal-Wallis test is also referred to as one-way ANOVA on ranks or Kruskal-Wallis H test and it can be defined as a rank-based nonparametric test that is typically used to determine whether or not there are statistically significant differences between two (2) or more samples of an independent variable on either a continuous or ordinal dependent variable.
This ultimately implies that, a Kruskal-Wallis test can be used to determine whether two (2) or more samples originate from the same distribution.
Based on the given sample, the hypothesis is given by:
H₀: Ratings are the same for all the three products.Ha: There are differences among the ratings for the products.For this exercise, we would use R-studio to perform the Kruskal-Wallis test as follows:
df₁ = read.table (header = TRUE, text ="
product Ratings
A 55
A 64
A 79
A 41
A 69
B 85
B 99
B 91
B 88
B 95
C 65
C 49
C 35
C 51
C 58
")
DF₁ kruskal.test(Ratings ~ product, data = df1)
Based on the Kruskal-Wallis test, we obtained the following results (outputs):
Kruskal-Wallis chi-squared = 9.98.
Degrees of freedom, DF = 2.
P-value = 0.006806.
Next, we would determine the test statistic as follows:
Test statistic = Kruskal-Wallis chi-squared = 9.98.
P-value = 0.007.
Therefore, the p-value (0.007) is less than α = 0.05. Based on this, we should reject the null hypothesis (H₀) and accept the alternate hypothesis (Ha).
In conclusion, we can infer and logically deduce that there's sufficient statistical evidence at a 5% level of significance to state that there's a significant difference among the ratings for the products A, B, and C.
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Read the excerpt from The Federal Farmer.
Instead of being thirteen republics, under a federal head, [the Federalists’ plan] is clearly designed to make us one [unified] government. . . . Whether such a change can ever be [made] in any manner; whether it can be [made] without convulsions and civil wars; whether such a change will not totally destroy the liberties of this country—time only can determine.
–The Federal Farmer
What best summarizes the point of view the excerpt expresses?
Under one unified government, people will be robbed of their freedoms.
The Federalists prefer thirteen republics to one unified government.
One unified government probably will not lead to disruptions and civil wars.
Time will tell if a unified government can be a success or a failure.
Answer:
D. Time will tell if a unified government can be a success or a failure.
Explain
Just took the test, trust me <3
The Information available for XYZ Inc. for the year ending March 31, 20XX is as follows:
Cash in hand = $2,000
Cash at bank = $5,000
Equity capital = $ 100,000
Machinery = $15,000
Land and buildings = $50,000
Creditors = $ 20,000
Debtors = $ 48,000
Prepare a balance sheet for XYZ Inc. with the help of the above given data.
If the Information available for XYZ Inc. The balance sheet for XYZ Inc is Assets $120,000, Liabilities and equity $120,000.
How to prepare the balance sheet?XYZ Inc. Balance Sheet as of March 31, 20XX
Assets:
Cash in hand = $2,000
Cash at bank = $5,000
Machinery = $15,000
Land and buildings = $50,000
Debtors = $48,000
Total Assets = $120,000
Liabilities and Equity:
Creditors = $20,000
Equity capital = $100,000
Total Liabilities and Equity = $120,000
Therefore the balance sheet for XYZ Inc is Assets $120,000, Liabilities and equity $120,000.
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What describes the relationship between edge computing
and Cloud computing?
The relationship between Edge computing and cloud computing is a that edge computing is a subsection of cloud computing. Cloud computing is about hosting applications in a core data centre whlie edge computing is about hosting applications closer to end users either in smaller edge data centres.
What is computing?Computing can be defined as the use of a computer to process data or perform calculations. Computing may encompass the design and development of software and hardware systems for a broad range of purposes often structuring processing and managing any kind of information
Therefore edge computing is a subsection of cloud computing
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The most accurate and encompassing description of globalization is expressed as "the expanding cultural, political, and economic connections between people _____________."
Select the correct answer below:
on the internet
around the country
around the world
with different economic incentives
operations management course concept
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
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In 2019, pastured eggs sold for more than twice the price of cage-free eggs and almost 5 times the price of conventional eggs, making pastured eggs more profitable than the other eggs. Over time, this high price for pastured eggs will likely __________ as more farmers decide to _____________- the perfectly competitive pastured egg market.
a. rise; enter
b. fall; enter
c. rise; exit
d. fall; exit
Over time the price for the pastured egg is likely to fall as more farmers decide to enter.
What do you mean by perfectly competitive market?The perfect competitive market is a type of market structure which allows multiple companies to sell the same product or service. Example: agricultural product.
As more farmers decide to enter the market, there will be more products sold in the market, so the supply of pastured eggs will become higher, and thus, the prices will fall.
Thus, Option B is the right answer.
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Which of the following is the best definition of transferable skills?
Answer:
Skills that you may have learned in one context that you can take with you to many other contexts and industries.
Explanation:
Considering the available options, the best definition of transferable skills is "Skills that you may have learned in one context that you can take with you to many other contexts and industries."
This is based on the fact that transferable skills are skills and talents or proficiency that are considered suitable and valuable across different situational roles, including social context, and professional context. Good examples are creativity, leadership, and time management.
discuss open market transaction and moral suasion in promoting growth and development in South Africa
Open market transactions and moral suasion in promoting growth and development in South Africa can be understood as an economic, political and social awareness arising from globalization.
What is monetary policy?They are the decisions of a country's central bank on the supply and money in an economy, in order to positively influence the balance and economic development in a country, through the control of interest rates, the reliability of the banking system and to generate jobs. and reduce inflation.
Therefore, open market transactions and moral suasion about promoting growth and development in South Africa leads to greater awareness of government actions to regulate monetary policy in an expansionary way, to generate employment, monetary incentives for entrepreneurship and increase citizens' quality of life.
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Can anyone help me with this?
Answer:
Here are the answers :D Hope this helps!
Explanation:
A rise in wages could be due to:
Explanation:
Companies can increase wages for a number of reasons. The most common reason for raising wages is an increase in the minimum wage. The federal and state governments have the power to increase the minimum wage. Consumer goods companies are also known for making incremental wage increases for their workers.
Suppose the price elasticity of supply for lumber is 2.4. If the price of lumber increases by 20% how much would the quantity supplied of lumber change
The quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
How to calculate by how much would the quantity supplied of lumber changeIf the price elasticity of supply for lumber is 2.4, then we can use the formula:
Elasticity of supply = percentage change in quantity supplied / percentage change in price
Solving for the percentage change in quantity supplied, we get:
Percentage change in quantity supplied = Elasticity of supply * Percentage change in price
Given that the price of lumber increases by 20%, the percentage change in price is 20%.
The percentage change in quantity supplied would be:
Percentage change in quantity supplied = 2.4 * 20% = 48%
Hence, the quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
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Part A
Step 1 Starting at MIDNIGHT, (12:01am) ending 3 days later (72hr) at MIDNIGHT (11:59pm) You can start any day of the week, upto Sat Mar 04.
For a minimum of 3 consecutive days monitor the time you spend doing the 8 different activities listed below
NOTE: Avoid using weekends only in your monitoring and try to stay with mid-week,
e.g. Tues, Wed, Thurs, where majority of days are mid-week.
Use the attached time sheets to record blocks of time. Round off to the nearest hour. Precision isn’t the goal. e.g. 2hrs and 20 minutes, would be rounded down to 2 hours. 2 hrs and 30 minutes would be rounded up to 3 hrs.
The full 24 hours of each day must be accounted for.
The following 8 categories are recommended to cover the majority of possible activities one might perform in the course of a day.
Sleep
Personal maintenance (showers, laundry, housecleaning, grocery shopping, family requirements etc.)
Travel (to work, to school, or for appointments)
Work hours (total hours at the workplace, excluding lunch or breaks)
School (total hours in classes, plus time spent, studying, re-writing notes, completing assignments, time on blackboard)
Fitness (formal or informal, attending the gym or walking home from work)
Recreation (other than fitness related, TV, Movies, Leisure reading, online shopping, crafts, Video games, children’s sports activities, dates, coffee meet ups)
Volunteer activities (United Way, Big Brothers/Sisters, your religious institution activities, PTA with schools)
Three day's activities
Time day day day
Activities Activities Activities
12:01-
1:00am
1:00am-
2:00am
2:00am-
3:00am
3:00am-
4:00am
4:00am
5:00am
5:00am-
6:00am
6:00am=
7:00am
7:00am-
8:00am
8:00am-
9:00am
9:00am-
10:00am
10:00am
11:00am
11:00am-
12:00pm
12:00pm
1:00pm
1:00pm-
2:00pm
2:00pm-
13:00pm
3:00pm-
4:00pm
4:00pm-
5:00pm
5:00pm-
6:00pm
6:00pm-
7:00pm
17:00pm-
8:00pm
8:00pm-
9:00pm
9:00pm-
10:00pm
10 00pm
11:00pm
11:00pm-
11:59pm
Here is an example of a three-day activity log:
The Activity LogDay 1:
Time Sleep Personal Travel Work School Fitness Recreation Volunteer
12:01-1:00 1
1:00-2:00 1
2:00-3:00 1
3:00-4:00 1
4:00-5:00 1
5:00-6:00 1 1
6:00-7:00 1 1
7:00-8:00 1 1
8:00-9:00 1 1
9:00-10:00 1 1
10:00-11:00 1 1
11:00-12:00 1 1
12:00-1:00 1
1:00-2:00 1
2:00-3:00 1
Day 2:
Time Sleep Personal Travel Work School Fitness Recreation Volunteer
12:01-1:00 1
1:00-2:00 1
2:00-3:00 1
3:00-4:00 1
4:00-5:00 1
5:00-6:00 1 1
6:00-7:00 1 1
7:00-8:00 1 1
8:00-9:00 1 1
9:00-10:00 1 1
10:00-11:00 1 1
11:00-12:00 1 1
12:00-1:00 1
1:00-2:00 1
2:00-3:00 1
Day 3:
Time Sleep Personal Travel Work School Fitness Recreation Volunteer
12:01-1:00 1
1:00-2:00 1
2:00-3:00 1
3:00-4:00 1
4:00-5:00 1
5:00-6:00 1 1
6:00-7:00 1 1
7:00-8:00 1 1
8:00-9:00 1 1
9:00-10:00 1 1
10:00-11:00 1 1
11:00-12:00 1 1
12:00-1:00 1
1:00-2:00 1
2:00-3:00 1
Note: The actual activities and time allocation would depend on the individual's personal and work life. This is just an example to illustrate how the log can be filled out.
It's important to be honest and accurate while filling out the log to get the most benefit from it.
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When an alphabetic arrangement is converted to a consecutively numbered arrangement, where will the
general folders in the alphabetic file be located in the numeric storage arrangement? Will records in there
folders be coded with a number? Why or why not?
1. The general A to Z folders will be the location of the alphabetical records storage.
2. The records in the folder will be coded with a letter. It won't be coded with a number. This is important for easier access.
How to illustrate the information?Sequential numbering is a method of arranging sequential numbering records in ascending order from the lowest to the greatest number. The consecutive numbering technique includes the numbered files, alphabetic index, and accession log.
The universal A to Z folders will become the common alphabetical file in front of the numerical storage arrangement in alphabetical records storage.
Until there are enough documents to warrant a separate numbered folder, the records in the folders will be coded with the letter G. During this time, the records will be coded with their respective file codes, arranged into numbered folders, and filed in the numerical component of the file.
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221 HW4 Ch 21
Question 6 of 10
- / 1
Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 125.)
Cost Reconciliation
Cost accounted for
Transferred out
$
Work in process
Materials
$
Conversion costs
Total cost accounted for
$
eTextbook and Media
The cost reconciliation schedule:
Cost accounted for Transferred out $54,000Work in process Materials $36,000Conversion costs $25,500Total cost accounted for $115,500eTextbook and Media $0Transferred out: The transferred out cost is the sum of the materials, labor, and overhead. In this case, it is $36,000 (materials) + $88,500 (labor) + $54,000 (overhead) = $178,500.
Work in process - Materials: The work in process cost for materials is $36,000.
Conversion costs - Work in process: The work in process cost for conversion costs is calculated by multiplying the percentage of completion for conversion costs (50%) by the equivalent units of production for conversion costs (57,000). Therefore, it is 0.5 * 57,000 = $28,500.
Total cost accounted for: The total cost accounted for is the sum of the transferred out cost, work in process cost for materials, and work in process cost for conversion costs. In this case, it is $54,000 + $36,000 + $25,500 = $115,500.
eTextbook and Media: The cost of eTextbook and Media is not specified in the provided information. If there is no cost associated with eTextbook and Media, it would be $0.
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Listed below are nine technical accounting terms introduced:
Variable costs Relevant range Contribution margin
Break-even point Fixed costs Semi-variable costs
Economies of scale Sales mix Unit contribution margin
Each of the following statements may (or may not) describe one of these technical terms. For each statement, indicate the accounting term described, or answer "None" if the statement does not correctly describe any of the terms.
a. The level of sales at which revenue exactly equals costs and expenses.
b. Costs that remain unchanged despite changes in sales volume.
c. The span over which output is likely to vary and assumptions about cost behavior generally remain valid.
d. Sales revenue less variable costs and expenses.
e. Unit sales price minus variable cost per unit.
f. The reduction in unit cost achieved from a higher level of output.
g. Costs that respond to changes in sales volume by less than a proportionate amount.
h. Operating income less variable costs.
Answer:
a. Break-even point
b. Fixed costs.
c. Relevant range.
d. Contribution margin.
e. Unit contribution margin.
f. Economies of scale
g. Semi-variable costs.
h. None.
Explanation:
a. The level of sales at which revenue exactly equals costs and expenses: Break-even point.
b. Costs that remain unchanged despite changes in sales volume: Fixed Costs.
c. The span over which output is likely to vary and assumptions about cost behavior generally remain valid: Relevant range.
d. Sales revenue less variable costs and expenses: Contribution margin.
e. Unit sales price minus variable cost per unit: Unit contribution margin.
f. The reduction in unit cost achieved from a higher level of output: Economies of scale.
g. Costs that respond to changes in sales volume by less than a proportionate amount: Semi-variable costs.
h. Operating income less variable costs: None.
1. Describe the different types of instructional characteristics that this program should have for learning and transfer to occur and for a decrease in injuries and accidents to result.
The different types of characteristics that are prevalent for the instructional characteristics include telling what to do and whatnot by giving proper organizational instructions. Proper training for safety measures is also to be given by the factories or the industries which are an important part of the Factory Standards.
What are Factory Standards of instructions?Factory Standards specify the needs of the various factory workers cratering to the need for the service and in turn to understand the poignancy and behavioral pattern can also be suitably understood and also taken into account.
Factory Standards include proper training and organizational instructions which are required by the workers for various reasons. FactoryStandards are often important for the labeling and marking of people as organizational people working for certain understandings.
Factory Standards also provide a proper understanding of the various means of prevention techniques for the accidents which are happening almost all year round and how to prevent one from those cases.
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The president has just signed a new budget that drastically cuts taxes without decreasing government spending. When asked how he plans to address the dramatic increase in deficits that will occur due to the tax cuts, the president responds, "We’re going to see some amazing economic growth because of this new policy, so much growth that we’re going to grow our way out of any short-term increases to government debt." If this extra economic growth doesn’t materialize, what are some of the risks to the U.S. economy? Interest payments on the federal debt will consume a larger portion of the federal budget, potentially displacing other government priorities. It places an unsupportable burden on future generations. Higher government debt may make future borrowing more difficult. It gives foreign creditors substantial control over U.S. economic policy.
Answer:
Interest payments on the federal debt will consume a larger portion of the federal budget, potentially displacing other government priorities. Higher government debt may make future borrowing more difficult.Explanation:
If the government spending is not financed by increased government revenue from economic growth, the government will have to borrow money to fund the budget.
Should they do this, they will have to pay more interest payments on the debt which will therefore increase the portion of interest payments in the budget. This means that less areas will be focused on as the government tries to pay the debt.
Borrowing in future will also become very difficult because creditors generally do not like lending money to people who are already in debt. They will even increase the rate offered for such loans which means that even more of the federal budget will go towards servicing these loans.
Based on what the store sells, what age group does it try to appeal to—children, teenagers, young married couples, senior citizens, or a combination?
It totally depends upon the market of the store, if it is a children-based store then they should try to appeal to children, therefore, the best answer could be the combination.
Where did the word "store" originate?When used as a noun, store frequently denotes a location where goods are sold, like an electronics store. The meaning of the word, "a supply of anything held for future use," probably led to this meaning. The action of storing something alludes to putting something away for later.
What is a destination shop, exactly?A sort of retail establishment known as a target store is created to serve as a destination unto itself. The size of destination stores typically draws a lot of customers. They frequently offer a large variety of goods and services in addition to other facilities that enhance the shopping experience.
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Describe the knowledge and skills needed by salespeople
Answer:
eye contact,talk skills , good being nice information and getting information before selling the item
Discuss why South Africa as a country has a scarcity of skilled workers, and how this can be changed more especially in terms of education.Motivate your answer by providing examples to show understanding.
South Africa, as a country still experiences a scarcity of skilled workers. This should not be, given the country's population size.
What is the scarcity of skilled workers?The scarcity of skilled workers means that South African companies cannot attract the manpower they need to power the South African industry and economy.
However, this scarcity can become a thing of the past if many more South African companies can start investing in the education sector by giving out scholarships, grants, and endowing academic chairs in the universities.
This was how the economy of the United States was enabled to flourish until today. South African companies can emulate their footsteps.
Thus, South Africa, given its enormous population, has no business experiencing a scarcity of skilled workers.
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there are 10 employees in a particular division of a company. their salaries have a mean of $70,000, a median of $55,000, and a standard de?viation of $60,000. the largest number on the list is $ 100,000. by accident, this number is changed to $ 1,000,000.
The mean salary would increase to $860,000, the median salary would increase to $555,000, and the standard deviation would increase to $600,000.
What is standard deviation? Standard deviation is a measure of the spread or variability of a set of data from the mean or average value. It is calculated by taking the square root of the variance, which is the average of the squared differences from the mean. Standard deviation is a useful statistic for measuring the degree of variation or dispersion of data around the mean. It is also commonly used to measure the risk associated with an investment or a portfolio of investments, as it can help to measure the volatility of the returns over a given period of time. Standard deviation can also be used to compare the variability of two different sets of data. It is important to note that standard deviation is not the same as variance, as standard deviation is the square root of the variance.Without the $100,000 salary, the mean salary was $60,000 ($70,000 - $10,000). With the $1,000,000 salary, the new mean salary is $860,000 ($60,000 + $800,000).
The median salary was $55,000 before the change, and with the $1,000,000 salary, the new median salary is $555,000.
The standard deviation was $60,000 before the change, and with the $1,000,000 salary, the new standard deviation is $600,000.
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(100 POINTS AND BEAINLYESt)
(Question 2 Only)
Answer:
D
Explanation:
Humans are always looking for things to help improve their daily lives, seeing advertisements showcase new items for them and get them to buy their stuff.
Answer:
ur jew for this
Explanation:
At the market price of $8, the quantity demanded is nothing units, and quantity supplied is nothing units. At this price, ▼ a surplus a shortage an equilibrium exists. At a market price of $4, ▼ an equilibrium a surplus a shortage now exists. The market equilibrium exists at a price of $ nothing. In equilibrium, the quantity demanded by consumers is ▼ greater than equal to less than to the quantity supplied by producers.
Answer:
The answer is explained in the explanation section below
Explanation:
Solution
(1)At the market price of $8, the Demanded Quantity is 20 units per week , and the Quantity Supplied is 60 units.
(2) At this price Surplus exists.
Economic Surplus is a is a situation in which the quantity supplied is higher than the quantity demanded. This situation is also referred to as excess supply.
(3) At price $4 there is an exist shortage
At price $4 The quantity Supplied is 20 units and the Quantity Demanded is 60 units respectively. hence, at price $4 Demand is higher/greater than Supply.
(4) At a price of $6 per unit, the market equilibrium exists
Market equilibrium is a situation when the Quantity Demanded of a commodity by the consumer is the same to the respective Quantity Supplied of that commodity by the producers.
(5) )Quantity Demanded by the consumers is equal to the quantity supplied by the producers. In the equilibrium
At price $4 per unit , the quantity supplied by the producers is equal to 40 units and the quantity demanded by the consumers is equal to 40 units Thus the supplied quantity is equal to the demanded quantity this point.
Changes in the market environment impact _____
how competitive the marketplace is
how many offerings are available
how many marketing communication channels are used
how consumers behave
Changes in the market environment impact how competitive the marketplace is, how many offerings are available, how many marketing communication channels are used, and how consumers behave.
Aspects of the business landscape are significantly impacted by changes in the market environment. First and foremost, they have an impact on the level of market competition because changes in variables like technology, rules, and consumer preferences can affect how businesses compete with one another.
Changes in the market environment can also have an impact on the variety and range of goods and services that are offered to customers. New technologies and trends have an impact on how businesses communicate with their target audiences through marketing channels. Last but not least changes in the market environment such as those in the economy in social trends and in technological advancements have a significant impact on consumer behavior causing changes in buying patterns and preferences.
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Onofkp411 Corporation has a time contraint on one of its special machines. The company makes three products that use this machine. Data concerning those products appear below: Magnifico Bellissimo Lovely
Selling price per unit $ 335.18 $ 228.46 $ 199.21
Variable cost per unit $ 259.26 $ 173.08 $ 159.61
Minutes on the constraint 7.50 4.30 5.50
Assume that sufficient time is available on the constrained machine to satisfy demand for all but the least profitable product Q) Up to how much should Onofkp 411 be willing to pay to acquire more of the constrained resource (Round your intermediate calculations to 2 decimal places.)
a) $75.80 per minute
b) $14.17 per unit
c) $39.48 per unit
d) $774 per minute
Answer: $7.20 per minute
Explanation:
Find out the profitability of each product as Contribution Margin per minute.
Magnifico
Contribution margin per minute = (Selling price - Variable cost) / minutes on the constraint
= (335.18 - 259.26) / 7.5
= $10.12 per minute
Bellissimo
= (228.46 - 173.08) / 4.3
= $12.88 per minute
Lovely
= (199.21 - 159.61) / 5.5
= $7.20 per minute
Their least profitable product is $7.20 per minute.
The machine does not have sufficient time to satisfy the needs of Lovely so they will have to pay more to acquire more of the resource but they should not pay anything more than $7.20 per minute as this is their contribution margin for the product. and anything more would result in a loss.
Options are most probably for another variant of the question.