This is an example of outsourcing, which refers to the practice of contracting out a business function or service to a third-party provider, rather than performing it in-house.
In this case, the robotics company is outsourcing its social media management to a marketing firm. Offshoring and offshore outsourcing both involve moving business operations or services to a foreign country, so they are not applicable in this scenario.
Outsourcing is a business strategy that involves delegating certain tasks or services to external providers, rather than performing them in-house. Companies may choose to outsource to reduce costs, improve efficiency, or access specialized expertise that they do not possess in-house.
In the scenario described, the robotics company has decided to outsource its social media management to a marketing firm. This means that instead of hiring its own social media team or tasking existing employees with managing social media, the company has contracted with an external provider to handle this function.
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Eddie's Electronics sells laptop computers for $450 cach. At this price, the store sells 325 laptops per month. Eddie's Electronics incurs a cost of $398 for each laptop it sells. Assume that this is the store's only cost. What are Eddie's Electronics' revenue and profit? Feedback You have not stered the correct revenue for Eddie's Electronics. Revenue is equal to price times quantity Revenue: $ 146250 Accounting Profit: $ 234000 Economic Profit Eddie recently received an offer from a big box store to purchase his business at a valuation of $100,000. If invested in the stock market, these funds could earn 0.6% return, on average, per month. Assuming the valuation is accurate and Eddy could earn $4,000 a month if he returned to his previous IT job, what are Eddy's monthly economic profits from running Eddie's Electronics?
Eddie's Electronics' Total revenue TR = $146,250 and Eddie's Electronics' profit is Profit = $16,900
Profit is nothing but/other than Total revenue (TR) - Total cost (TC).
TR is P × Q.
Price is given to be $450. Quantity is given to be 325 units. Cost per unit is $398.
TR= 450 × 325
TR = $146,250
Total cost = Cost per unit × total units sold.
TC = 398 × 325
TC = $129,350
Profit = $146,250 - $129,350
Profit = $16,900
Gross sales is the total revenue earned by a seller from selling goods or services to a buyer. It can be written as P × Q. This is the price of the item multiplied by the quantity of the item sold.
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Complete question:
Eddie's Electronics sells laptop computers for $ 450 each. At this price, the store sells 325 laptops. Eddie's Electronics incurs a $ 398 cost for each laptop it sells. Assume that this is the store's only cost. Round your answers to the nearest dollar. What is Eddie's Electronics' revenue? $ What is Eddie's Electronics' profit?
share a specific example of when you have been most satisfied with your work? what was most satisfying about that?
Most of us feel comfort and satisfied when our hard work and effort is recognized and appreciated. Similarly, I also felt most satisfied with my work when I was given positive feedback by my supervisor.
A specific example of when I have been most satisfied with my work:
During my internship, I was assigned a project that required me to conduct market research for a company. The project was challenging, and I put in a lot of effort and dedication to ensure that it was completed on time and to the best of my ability. After submitting the project, I received feedback from my supervisor that not only met, but exceeded my expectations. The most satisfying aspect of the experience was knowing that my hard work had paid off and was appreciated by my supervisor. Additionally, this experience taught me the importance of dedication, hard work and commitment. It also helped me in developing an interest in marketing and motivated me to learn more about the subject.
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as vice president of human resources at lodge corporation, paul enjoys working alongside his peer vice presidents, largely because they all have different skills and all manage different parts of the organization, including research, engineering, production, construction, procurement, and finance. lodge corporation is a(n) organization.
As vice president of human resources at Lodge Corporation, Paul enjoys working alongside his peer vice presidents, largely because they all have different skills and manage different parts of the organization, including research, engineering, production, construction, procurement, and finance.
Lodge Corporation is a diversified organization. A diversified organization is a corporation that operates in various industries or market segments. Diversification, according to research, is a business technique in which a corporation enters new markets or industries with the aim of increasing revenues or lowering risk by lowering concentration in a particular sector. Therefore, the given corporation Lodge Corporation is a diversified organization because it operates in various segments like research, engineering, production, construction, procurement, and finance.
Lodge Corporation, as a diversified corporation, benefits from several businesses and divisions that may work together to generate value, rather than relying on a single source of revenue or operating in a single market segment. The diversified organization approach assists in the management of risk and reduces the likelihood of significant losses if one product or service performs poorly in the market.
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A Conflict Of Interest Exists When: A. A Professional Service Or Relationship Creates A Situation That Might Impair Completion Of The Audit B. A Professional Service Or Relationship Creates A Situation That Might Impair Objective Judgment C. Professional Skepticism Fails To Meet Objective Standards D. All Of The Above
A conflict of interest exists when:
a. A professional service or relationship creates a situation that might impair completion of the audit
b. A professional service or relationship creates a situation that might impair objective judgment
c. Professional skepticism fails to meet objective standards
d. All of the above
Conflict of interest is a situation wherein a professional's objectivity is compromised due to personal, financial, or other interests.
A conflict of interest exists when a professional service or relationship creates a situation that might impair completion of the audit, such as when an auditor is also a client, or if the auditor has a financial interest in the company undergoing the audit.
A conflict of interest also exists when a professional relationship creates a situation that might impair objective judgment, such as when an auditor has a close personal or familial relationship with a client. Lastly, professional skepticism fails to meet objective standards when an auditor fails to objectively assess the situation and instead relies on unfounded assumptions or beliefs.
All of these scenarios constitute a conflict of interest and can lead to biased results.
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the work style changes that occurred as factory production transformed the american economy included:
The work style changes that occurred as factory production transformed the American economy included the regulation of work lives by bells and clocks.
Describe about working conditions in factories?Long hours of labor, little pay, and often dangerous working conditions were common before factory production. Workers, on the other hand, had some level of control over their schedules, and they were typically compensated well for their efforts.
However, as factory production evolved, so did the way people worked, and there were significant changes in work style as a result. Workers were required to work long hours, often for 12-14 hours per day.
They were typically required to work six days a week, with only one day off. Because the jobs were so demanding, people had to be in good physical shape to be able to do them properly.
They had to work quickly and efficiently, as well as being able to stand for long periods of time. The compensation for these jobs was typically quite low, particularly for women and children who were often paid less than men.
Workers were paid on a weekly basis, and their wages were dependent on how much work they completed in a given week. As a result, there was a lot of pressure to work hard and quickly to maximize earnings.
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Mariah creates a t-shirt design that expresses support for Nathan, a presidential candidate, and distributes t-shirts imprinted with the design to her friends. The t-shirts are an example of
a. unprotected speech. b. controlled speech. c. symbolic speech. d. illegal speech.
The correct answer is c. symbolic speech. Symbolic speech is a form of expression that uses symbols or gestures to convey a message or opinion. Mariah's t-shirt design expressing support for a presidential candidate is an example of symbolic speech.
Using symbols or gestures to express ideas or opinions is known as symbolic speaking. It can be applied in a range of circumstances, such as demonstrations, protests, or other public displays of expression.
Symbolic communication can be seen in Mariah's t-shirt design, which shows support for a presidential candidate.
Symbolic speech is widely regarded as a form of free speech and is protected by the First Amendment of the United States Constitution.
Yet it's crucial to remember that there are some restrictions on what speech might be deemed unlawful, such as incitement to violence or hatred.
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The GDP Deflator: I. is used to calculate inflation rates. II. is an alternative to the CPI. III. is more accurate than the CPI. A. Only I is true. B. I and II are true. C. I and III are true. D. II and III are true. E. I, II, and III are true.
The GDP Deflator: I. is used to calculate inflation rates. II. is an alternative to the CPI. III. is more accurate than the CPI. Only I is true. Option a)
The GDP deflator (implicit price deflator) in economics is a measure of the money price of all new, domestically produced, final products and services in an economy in a given year compared to their real worth. It may be used to calculate the worth of money.
GDP is an abbreviation for gross domestic product, which is the total monetary worth of all final products and services produced inside a country's borders over a specific time period (quarterly or annually).
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You have an investment horizon of 6 years. You choose to hold a bond with a duration of 6 years and continue to match your investment horizon and duration throughout your holding period. Your realized rate of return will be the same as the promised yield on the bond ifI. interest rates increaseII. interest rates stay the sameIII. interest rates fallA.I onlyB. I, II and IIIC. Ill onlyD. Oll only
To hold a bond with a duration of 6 years and continue to match your investment horizon and duration throughout your holding period. Your realized rate of return will be the same as the promised yield on the bond if the interest rates stay the same. The correct option is B. I, II, and III.
In finance, bond duration is a measurement of how long it takes to recover the investment in a bond. It indicates how much a bond's price is sensitive to variations in interest rates.
Bond prices and interest rates have an inverse relationship; in other words, when interest rates increase, bond prices decrease, and vice versa. As a result, there is an inversely proportional relationship between a bond's duration and its sensitivity to interest rate variations.
The duration of a bond is defined as the weighted average of the times when all interest and principal payments are due. Because the payments on the bond are fixed, the longer the duration, the more sensitive the bond is to variations in interest rates.
In general, the bond's return rate will equal its yield if it is held until the maturity date. As a result, if interest rates stay the same, the bondholder's yield will be equal to the bond's promised yield.
However, if the interest rates change during the holding period, the bondholder's realized return rate will differ from the bond's promised yield if the holding period is less than the bond's duration. Therefore, the correct option is B. I, II, and III.
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unions often resist cooperating with management in facilitating change beneficial to the workers because:
Unions often resist cooperating with management in facilitating change beneficial to the workers because: unions are wary of management's true motives behind the proposed change.
What are unions?
A union is an association of employees who come together for a common purpose, such as collective bargaining with employers for better wages, hours, and working conditions. A union, also known as a labor union, is a type of organization that represents employees and works to protect their interests.
Unions usually resist cooperating with management in facilitating change beneficial to the workers because they want to make sure that the proposed changes are in the best interests of the workers.
When management introduces a change, it may have ulterior motives, such as trying to reduce wages or benefits, or trying to increase productivity without increasing compensation. Unions are concerned about workers' job security and working conditions, and they want to ensure that any changes made do not have a negative impact on them.
They can be skeptical of management's promises of improvements and can feel that any changes should be made with the workers' input and agreement.
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If a 10 percent increase in the price of one good results in a decrease of 5 percent in the quantity demanded of another good, then it can be concluded that the two goods are:substitutes.normal.independent.complements.If the demand for a product is elastic, then total revenue will:increase whether price increases or decreases.rise as price falls.be constant in response to a price change.fall as price falls.
If a 10 percent increase in the price of one good results in a decrease of 5 percent in the quantity demanded of another good, then it can be concluded that the two goods are complements. If the demand for a product is elastic, then total revenue will fall as price falls.
When two goods are compliment goods, the price of one has an inverse relationship with the demand of the other. As a result, when the price of one good goes up, the demand for the other good goes down, and vice versa. Therefore, the correct answer is option A (complements).
Elastic demand occurs when a change in price results in a change in demand in the opposite direction. Elastic demand refers to a type of demand that is sensitive to changes in price. In other words, when there is a change in price, the demand for the product changes proportionately in the opposite direction. If a product has elastic demand, a change in price will cause a relatively larger change in the quantity demanded. This is why the total revenue will decrease as the price falls. Thus, option D (fall as price falls) is the correct answer. In addition, if a 10 percent increase in the price of one good results in a decrease of 5 percent in the quantity demanded of another good, then it can be concluded that the two goods are substitutes.
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the two-year interest rates in australia and the us are 7.5% and 5.25%, respectively. all iunterest rates are continuously compounded. the current exchange rate is .7100 per aud. what should be the two-year forward exchange rate (usd per aud)
If the two-year interest rates in Australia and the US are 7.5% and 5.25%, respectively, the two-year forward exchange rate (USD per AUD) is 0.8050.
The two-year forward exchange rate can be calculated using the interest rate parity formula:
F/S = e^(rd-rf) * (1 + rf)^n / (1 + rd)^n
Where:
F/S = the forward exchange rate
e = the current spot exchange rate
rd = the domestic interest rate (US)
rf = the foreign interest rate (Australia)
n = the number of periods (2 years)
Plugging in the values:
F/.7100 = e^(0.0525-0.075) * (1 + 0.075)^2 / (1 + 0.0525)^2
Solving for F:
F = .7100 * e^(0.0525-0.075) * (1 + 0.075)^2 / (1 + 0.0525)^2
F = .7100 * e^(-0.0225) * 1.1570 / 1.1086
F = .7100 * 1.1349
F = 0.8050
Therefore, the two-year forward exchange rate (USD per AUD) is 0.8050.
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jeremy is writing the employee handbook for his organization. what visual cues could he incorporate to make the document visually complete?
Jeremy can incorporate visual cues into his employee handbook in order to make it visually complete. Visual cues could include diagrams, photos, graphs, illustrations, icons, or tables.
Visual CluesJeremy can incorporate the following visual cues in the employee handbook to make it visually complete:
Bullet points, Headings and subheadings, Bold and italicized text, Graphics and images, Spacing and alignment, Different fonts and sizes these visual cues are designed to capture the reader's attention and guide them through the document. Bullet points are used to break up long paragraphs and make important information stand out. Headings and subheadings make the document easy to navigate and find specific information. Bold and italicized text is used to emphasize key points and make them stand out. Graphics and images help illustrate the information and make it easier to understand.
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losses due to an exchange rate, investment losses, credit risks, and liquidity risks are an example of what kind of risk?
The losses because of an exchange rate, investment losses, credit risks, and liquidity risks are all examples of financial risk.
Economic risk refers back to the ability for financial loss or negative effect on an agency's economic position because of market fluctuations, creditworthiness, or different elements that affect the cost of belongings or the capacity to meet economic responsibilities.
Exchange price chance happens whilst a organisation has monetary transactions in a overseas foreign money, which may bring about losses due to exchange rate fluctuations. funding losses arise when investments made by means of a organisation decline in cost.
Credit risks stand up while a borrower is not able to pay off debt. Liquidity risks occur while a organisation is not able to satisfy its brief-term economic obligations. effective chance management strategies can assist businesses mitigate economic risks and defend their monetary role.
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Which of the following is true about the process above? A. intrapleural pressure decreases
B. atmospheric pressure decreases
C. air moves out of the lungs
D. intrapulmonary pressure increases
The statement which true is A) ."The process above describes the events that occur during expiration.
About expirationWhen we breathe out, the volume of the thoracic cavity decreases. This causes the pressure within the cavity to increase. As the pressure rises, it forces the air out of the lungs until the pressure in the thoracic cavity is equal to the atmospheric pressure. Intrapleural pressure is negative during breathing, and it becomes more negative during inspiration, which helps to keep the lungs inflated.
The decrease in intrapleural pressure is due to the fact that the lungs recoil when they lose air, and this makes the pleural membranes pull away from each other, causing the intrapleural pressure to drop.
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Suppose that when the price of good X increases from $800 to $850, the quantity demanded of good Y increases from 65 to 70. Using the midpoint method, the cross price elasticity of demand is about 1 (25 Points) a. -1.2, and X and Y are complements. b. -0.1, and X and Y are complements c. 0.1, and X and Y are substitutes. d. 1.2, and X and Y are substitutes.
Answer: d, X, and Y are substitutes. The correct option is d.
Cross elasticity of demand is a measure that shows how the quantity demanded of one good changes in response to a change in the price of another good. The cross elasticity of demand for two goods X and Y is calculated using the following formula:
Cross elasticity of demand = % change in quantity demanded of X / % change in the price of Y
Using the midpoint formula,
% change in quantity demanded of Y = [tex](70-65)/((70+65)/2)*100% = 15/67.5*100% = 22.22%[/tex]
% change in the price of X = [tex](850-800)/((850+800)/2)*100% = 50/825*100% = 6.06[/tex]
%Using the formula for cross elasticity of demand, we get
Cross elasticity of demand =[tex]22.22% / 6.06%[/tex]= 3.66[tex]1.2[/tex]
Since the cross elasticity of demand is greater than 1, it means that X and Y are substitutes.
Hence, option (d) is correct.
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Chou Company uses the aging approach to estimate bad debt expense. The balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $295,000, (2) up to 120 days past due, $55,000, and (3) more than 120 days past due, $18,000. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectability is (1) 2.5 percent,
(2) 11 percent, and (3) 30 percent, respectively. At December 31, 2015 (end of the current year), the Allowance for Doubtful Accounts balance is $100 (credit) before the end-of-period adjusting entry is made. Required: 1. Prepare the appropriate bad debt expense adjusting journal entry for the year 2015. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 2. Show how the various accounts related to accounts receivable should be shown on the December 31, 2015, balance sheet. (Amounts to be deducted should be indicated by a minus sign.) How do I compute the balance sheet?
The Net Accounts Receivable balance, which shows the estimated amount of Accounts Receivable that are expected to be collected, is obtained by subtracting the Allowance for Doubtful Accounts from the gross Accounts Receivable total.
What is a counter asset to allowance for doubtful accounts?A provision for dubious accounts is referred to as a "counter asset" because it lowers the value of an asset, in this example, the accounts receivable. The allowance—also referred to as a bad debt reserve—represents management's estimate of the amount of accounts receivable that customers won't pay..
Not yet due: $295,000 x 2.5% = $7,375
Up to 120 days past due: $55,000 x 11% = $6,050
More than 120 days past due: $18,000 x 30% = $5,400
Total estimated bad debt expense = $18,825
Bad Debt Expense $18,825
Allowance for Doubtful Accounts $18,725
Accounts Receivable
Accounts Receivable
Not yet due $295,000
Up to 120 days past due $55,000
More than 120 days past due $18,000
Less: Allowance for Doubtful Accounts ($18,725)
Net Accounts Receivable $349,275
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the owner of a business with a buyer terminates an agency without giving notice of the termination to vendors who have dealt with the agent. is it reasonable for the vendors to expect that the agent still has the authority to make contracts that will bind the business?
If the owner of a business with a buyer terminates an agency without giving notice of the termination to vendors who have dealt with the agent, it is not reasonable for the vendors to expect that the agent still has the authority to make contracts that will bind the business.
When an agency is terminated, the principal is under no legal obligation to compensate the agent for the work that he or she has done unless he or she is terminated without any notice.
In addition, a principal is under no legal obligation to pay an agent who has caused damages to the principal, intentionally or unintentionally. An agency is a legal relationship in which a party grants authority to another party to act on his or her behalf.
This relationship is established by an agency agreement, which lays out the terms and conditions of the relationship. The party that grants authority is referred to as the principal, while the party that is granted authority is referred to as the agent.
Because the principal grants the agent authority, the agent is required to act in the principal's best interests, including following the principal's instructions, exercising reasonable care, and keeping accurate records.
The agency agreement is usually for a specific period of time, although it may be extended or terminated by the principal or the agent at any time, subject to the terms of the agreement.
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Globalization opens the doors for companies to attract new customers. One of the challenges is to determine how to meet the needs of these customers who have
A. different income levels.
B. low income levels.
C. high income levels.
D. steady income levels.
Globalization opens the doors for companies to attract new customers and have to determine how to meet the needs of these customers who have different income levels. The correct answer is Option A.
What is globalization?Globalization is defined as the process by which different economies of the world are interconnected to increase the international trade of goods and services. It involves the increasing interaction of people, economies, and cultures all around the world. Companies today have a worldwide reach, which means that they can sell their goods and services in any part of the world. As a result, companies are now more exposed to competitors from different parts of the world, and customers have access to a wider range of products and services than ever before.
The challenge of meeting the needs of customers with different income levels is one of the significant challenges of globalization. For companies to be successful in this globalized world, they must develop products that cater to different customer needs, and one of the significant factors that affect customer needs is income levels. Customers with different income levels have different needs, preferences, and purchasing power.
Therefore, companies need to be flexible and create products that cater to the needs of customers with different income levels. They need to be able to offer products that cater to both low-income and high-income customers.
Additionally, they need to offer products that cater to customers with different lifestyles, cultures, and habits.
Conclusively, in this globalized world, companies need to develop strategies that enable them to meet the needs of customers with different income levels. Companies that can do this effectively will be successful in this globalized world.
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A farmer sells a bushel of corn to the supermarket for $12. The supermarket then sells
the corn to customers for $25. What is the total contribution to GDP? (hint: be sure to
review intermediate vs. Final goods before answering this question).
We must take into account whether the maize is an intermediate or final good in order to calculate the sale's contribution to GDP.
A good used as an input to create another good is known as an intermediary good. Because it will be processed and sold to customers as a finished commodity in this instance, the maize that was sold to the store is an intermediate good.
Contrarily, a final good is something that is sold to its final consumer and isn't employed as a raw material to create another good.
Hence, the value of the maize supplied to customers should be the only component of GDP.
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in a business partnership, what is the role of a limited partner?
In a business partnership, a limited partner is a type of partner who is typically not involved in the day-to-day management of the business.
Instead, their role is limited to providing financial support or investment capital to the partnership. Limited partners are typically only liable for the partnership's debts up to the amount of their investment or capital contribution. This means that if the partnership incurs significant debts or legal liabilities, the limited partner's personal assets are generally not at risk beyond their investment in the partnership. Limited partners also typically have limited decision-making power in the partnership, and may not be able to vote on important partnership decisions or have a say in the day-to-day management of the business.
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elizabeth has not been given the same training as george and thomas in her firm even though they are all programmer iii status and came into the firm at the same time. this is an example of .
Elizabeth has not been given the same training as George and Thomas in her firm even though they are all Programmer III status and came into the firm at the same time. This is an example of unfair treatment or discrimination.
Unfair treatment or discrimination is the unfair and unequal treatment of people based on different characteristics such as gender, race, age, religion, or sexual orientation. Unfair treatment may also include denying someone equal opportunities, benefits, or privileges at work because of their characteristics or traits.According to the situation provided, Elizabeth is not receiving the same training and development opportunities as her colleagues, George and Thomas, who have similar job titles and work experience as hers.
This situation is a perfect example of discrimination and unfair treatment. Discrimination is against the law and can result in serious consequences for an organization, including loss of productivity and reputation, legal consequences, and loss of staff morale.
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the types of deposit accounts include checking accounts, savings accounts, money market accounts, certificates of deposit, and credit cards. each of these accounts have advantages, disadvantages, and best applications. in the following activity, use the hints to categorize both the features and uses of the various forms by each type of money. while paper money and coins are the most visible types of money, the combined value of all the printed bills and all of the minted coins is rather insignificant when compared with the value of money kept in checking accounts, savings accounts, and other monetary forms. select the most appropriate type of money for the features and uses stated below. withdrawals from this account can be made without giving any advance notice. (click to select) this type of money is often used for writing checks. (click to select) with this type of account, funds cannot usually be withdrawn without advance notice. (click to select) the funds in this account can be moved to a checking account or turned into cash. (click to select) in return for a slightly higher rate of interest, greater restrictions are placed on this account. (click to select) only a limited number of checks can be written from this account each month. (click to select) these savings accounts guarantee the depositor a set interest rate over a specified period of time. (click to select) in general, the longer the term of this type of money, the higher the rate of interest it earns. (click to select) this type of money allows the holder to access credit already approved by a bank or finance company. (click to select) the holder of this type of money can purchase goods or services on credit.
The type of money for the features and uses stated is as follows:
Checking accountSavings accountMoney Market AccountCertificate of Deposit (CD)Money Market AccountCertificate of Deposit (CD)Certificate of Deposit (CD)Credit CardCredit CardMoney is something that is used to purchase goods and services. The following are the different types of money:
Checking account: The money in a checking account is used to pay for transactions such as checks, online bill payments, debit card purchases, and ATM withdrawals.
Savings account: A savings account is a type of bank account that allows you to save money while earning interest on it. A savings account is useful for keeping money aside for long-term goals such as a down payment on a house or college tuition.
Money Market Account: A Money Market Account is a type of savings account that typically pays a higher interest rate than a traditional savings account. It's similar to a savings account in that it offers a safe place to store your money.
Certificate of Deposit (CD): A CD is a type of savings account that has a set term and a fixed interest rate. It is similar to a savings account, but it typically requires a higher minimum deposit and offers a higher interest rate than a savings account.
Credit Card: A credit card is a type of payment card that allows you to borrow money from a bank or credit card company. You can use a credit card to make purchases or withdraw cash, and you'll be charged interest on the money you borrow if you don't pay it back in full each month.
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A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.)
Cash Budget Quarter (000 omitted) 1 2 3 4 Year
Cash balance,beginning $ 9 Add collections from customers 107 367
Total cash available 74 Less disbursements: Purchase of inventory 46 56 30 Selling and administrative expenses 32 30 109
Equipment purchases 9 9 21 49
Dividends 2 2 2 2 Total disbursements 99 Excess (deficiency) of cash available over disbursements (10 9 Financing: Borrowings 7 Repayments (including interest)* (19) Total financing Cash balance, ending *Interest will total $1,000 for the year.
The cash budget for a retail company is given below.
The company needs a minimum cash balance of $5,000 to start each quarter. Fill in the blanks.(Enter the answers in thousands of dollars. Cash deficiencies and repayments should be denoted by a minus sign.)Cash Budget Quarter (000 omitted)1 2 3 4 Year Cash balance, beginning$ 9 + (107) + (367) = 483Total cash available 74
Less disbursements: Purchase of inventory (46) (56) (30)Selling and administrative expenses (32) (30) (109)Equipment purchases (9) (9) (21) (49) Dividends (2) (2) (2) (2) Total disbursements (99) (265) Excess (deficiency) of cash available over disbursements $(25) $17 $(198) $218
Financing: Borrowings 7 Repayments (including interest)* (19)Total financing (12)Cash balance, ending$ 5 $22 $(176) $42 *Interest will total $1,000 for the year. The solution for the required amounts in the cash budget is given below: Quarter 1: $5, Quarter 2: $22, Quarter 3: ($176), Quarter 4: $42.
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baker's contribution margin ratio is 60%, which means that a $7,000 increase in sales will result in a $ increase in net operating income.
Baker's contribution margin ratio is 60%, which means that a $7,000 increase in sales will result in a $4,200 increase in net operating income.
To calculate the increase in net operating income, we can use the contribution margin formula:
Contribution Margin = Sales - Variable Costs
Or rearranging the formula, we get:
Sales - Variable Costs = Contribution Margin
Then, we can use the contribution margin ratio to find the amount of contribution margin that comes from each dollar of sales:
Contribution Margin Ratio = Contribution Margin / Sales
Multiplying both sides by Sales, we get:
Contribution Margin = Contribution Margin Ratio x Sales
Now we can use this formula to calculate the increase in net operating income:
Increase in Sales = $7,000
Contribution Margin Ratio = 60% = 0.6
Contribution Margin = Contribution Margin Ratio x Sales
Contribution Margin = 0.6 x $7,000
Contribution Margin = $4,200
Since contribution margin represents the amount that covers fixed costs and contributes to net operating income, the increase in net operating income will also be $4,200.
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XLT Corp. does not want to change the size of its workforce, but it does need a better way to manage benefits. Which of the following might XLT Corp. want to consider? a) Furloughing b) Homeshoring c) Employee leasing d) Outsourcing
XLT Corp. might want to consider employee leasing (c) as a way to better manage their benefits without having to change the size of their workforce.
Employee leasing is a process in which a company hires another company to manage or carry out some of its workforce-related duties, such as HR or payroll management. The employer transfers all or part of their staff to a leasing company, which then contracts with the employer to lease the employees back, handling all payroll-related costs, benefits, and other human resources functions.
This strategy is most commonly used by small and mid-sized businesses who do not have an HR department of their own or who want to focus on their core competencies. XLT Corp. would want to consider employee leasing to manage benefits since it does not want to change the size of its workforce. By doing so, they would be able to outsource their HR tasks to a third-party company and free up internal resources.
This strategy would allow them to take advantage of economies of scale, reducing costs while increasing the quality of employee benefits. Thus, Option C is correct.
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Consider an oligopolistic market with 3 identical firms, all three making a homogeneous product. The inverse demand for this product is P(Q) = 3, 000 − 6Q where Q is the market quantity. The marginal cost of production is equal to the average cost and is identical for all firms and given by c = 2, 000.
(a) Solve for the best response function for each of the three firms.
(b) Calculate the Nash equilibrium output, price and profits of each firm using quantity as the strategic variable (i.e. assuming firms choose quantities).
(c) Compute the Lerner index for each firm.
(d) Assume two of the firms merge. Assume that the merged firm has marginal cost 1,600. What is the profit of the merged firm? (e) Given your answer to pard (d), would the firms want to merge? Explain. (f) Would the firm that was not part of the merger benefit from the merger? Explain.
(a) Market Quantity: The market quantity will be equal to the sum of the individual quantity produced by the 3 identical firms.
Q=q1+q2+q3
In the oligopolistic market, the price is determined by the industry's total quantity supplied. Therefore, it is important to derive the market demand function from the inverse demand function.
P=3000-6Q
3000-6(q1+q2+q3)=p
The three identical firms will have the same marginal cost (MC), average cost (AC), and price (P). They will determine their production levels based on their individual marginal revenue (MR), which is determined by the following equation:
MR=δTR/δQ
(b) The following equation can be used to calculate the equilibrium quantity:
MC=MR
MC=3(3000-6q)/3q
q=500
The price is determined by the market demand function:
P=3000-6Q
P=3000-6(1500)
P=21000
(c) Each firm's profit can be calculated using the following formula:
Profit=(P−ATC)Q
=(21000-2000)500
=$9,500,000
(d) The profit of the merged firm will be equal to:
Profit=(P-ATC)Q
=(21000-1600)(1000)
=$19,400,000
(e) Firms may want to merge because it increases their market power, reducing competition and increasing profits. In this scenario, the merged firm will enjoy significantly higher profits as compared to when all three firms were competing in the market.
(f) The firm that was not a part of the merger would not benefit from the merger. The merged firm would reduce the market quantity and increase the price, resulting in a decrease in total profits for the remaining firm. This is because, after the merger, the merged firm has a significant amount of market power and can control the price to a large extent.
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T/F: A periodical index contains lists of journal and magazine articles classified according to title, subject, and author.
A periodical index contains lists of journal and magazine articles classified according to title, subject, and author. This statement is TRUE.
A periodical index is a systematic list of articles that can be found in magazines and journals published within a specified period. A periodical index may be arranged by author, title, or subject. It can be either print or electronic, and it offers a comprehensive view of journal and magazine articles, whether current or past, related to a particular topic, event, or person. Additionally, periodical indexes may also include abstracts or summaries of the articles they contain.Types of Periodical IndexesThere are two types of periodical indexes: general and subject-specific. A general periodical index offers listings of articles that cut across several disciplines, while a subject-specific index covers articles on a particular subject area or topic. Examples of general periodical indexes include Readers' Guide to Periodical Literature, Index to Periodical Articles Related to Law, and Humanities Index. Some subject-specific indexes include the Education Index, MLA International Bibliography, and Art Index.Articles on a variety of topics, including politics, religion, education, technology, medicine, and entertainment, are frequently published in magazines and journals. Finding relevant articles for your research could be difficult without an efficient way to search them, and this is where periodical indexes come in handy. Periodical indexes are useful tools for scholars, students, researchers, and anyone interested in staying current with what's happening in various fields of study.
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Which of the following is not included in M2?
A. Currency
B. Travelers' checks
C. Certificates of deposit
D. Savings accounts
E. Credit cards
As per the above-stated information, the correct option is E. Credit cards are not included in M2.
What is M2?
M2 refers to the amount of money that is available in an economy for spending, either for investment or consumption. M2 is referred to as the "money supply" and comprises different measures of currency and deposits in the banking system that are easily accessed by people.
For example, the M2 definition incorporates more types of deposits than the M1 definition, including those that aren't frequently transferred between banks or aren't used to purchase things like cash, bank drafts, and money market funds.
The correct option is E.
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multiple choice question during which stage of product development does a company estimate costs, identify pricing, and evaluate demand for the product in order to determine profitability? multiple choice question. product launch business analysis test marketing idea generation
The stage of product development during which a company estimates costs, identifies pricing, and evaluates demand for the product in order to determine profitability is the B: business analysis stage.
During the business analysis stage, the company conducts a thorough analysis of the potential profitability of the product. This includes estimating costs associated with production, marketing, and distribution, as well as identifying the appropriate pricing strategy that will maximize profitability. The company also evaluates the potential demand for the product in the market, which helps to inform the decision to move forward with the product development process.
In summary, the correct answer to the multiple choice question is B: Business analysis.
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a company is planning its promotional budget. its planners have been running tests in various markets with different budgets in order to determine the appropriate amount of advertising expenditure. in this scenario, what method is the company using for promotional budgeting?
The company is using the trial and error method of promotional budgeting.
This method involves testing different budget amounts in various markets to determine the optimal amount of advertising expenditure. The company will then use the data gathered from their tests to determine the budget that will produce the best results.
Trial and error is a form of problem solving, learning, and discovery. It involves testing different potential solutions to a problem, and then analyzing the results of the tests. In this scenario, the company is testing different promotional budgets in different markets, in order to find the budget that yields the best results.
This is a practical method that can save the company time and resources in the long run. By testing different budgets, the company can see which yields the most favorable outcomes, and then use that budget for their promotional efforts.
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