Management might not be aware of the corporate culture of the foreign nation.
What does Consumers Energy provide?Users can perform those things every day with the support of the power and natural gas we offer at Consumers Energy. Millions of people in Michigan benefit greatly from the energy we create. Since our father, W.A. Crawford, helped brighten downtown Memphis with city lamps in 1886, we have been providing electricity.
Did Consumers Energy raise their rates?By July 7, the Mich Public Services Commission (MPSC) granted approval for the rate hike. Consumers Energy submitted a request in December 2021 asking for a revenue boost of around $278.4 million per year. According to the Attorney General's Office, this request triggered a 12.5% rise in customer charges.
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in the exploration stage of a sales relationship, while responding to a complaint, after the customer tells his or her story and the facts are determined, what would be the next step for the salesperson?
In the exploration stage of a sales relationship, while responding to a complaint, after the customer tells his or her story and the facts are determined, the next step for the salesperson is to offer a solution
What is a salesperson?Generally, During the exploration stage, you will be gathering information on the capabilities, interests, and requirements of families and parents living in your neighborhood.
Your program may do an analysis of the many available curriculums. During this phase of the process, your program will also assemble the team that will be responsible for directing and carrying out the implementation.
It is the job of the salesman to welcome clients, assist them in locating things they are looking for inside the shop, and ring up their purchases. To be effective as a salesman you must have strong communication abilities. A successful salesman may achieve their sales goals while maintaining a positive attitude and being helpful to consumers.
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cody organized, owns, and operates cypress tours in the simplest form of business organization. this is
Cody organized, owns, and operates cypress tours in the simplest form of business organization. this is a sole proprietorship
Who is a sole proprietor?A sole proprietor is a person who operates an unincorporated business by themselves. However, if a domestic limited liability company (LLC) is treated as a corporation and you are its only member, you are not regarded as the firm's sole owner.
A sole proprietorship, sometimes referred to as a sole trader or a proprietorship, is an unincorporated business with just one owner who is accountable for paying personal income tax on the organization's profits. Many single proprietors conduct their business using their own names because it is not mandatory to register a unique business or trade name.
A sole proprietorship is the most simple sort of business to start or end because there is no government regulation. Sole owners, consultants, and other independent contractors typically run these kinds of businesses. Most small businesses start out as sole proprietorships, expand, and eventually change to a corporation or limited liability entity.
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which best explains the purpose of a demand schedule? responses calculate how much of a good consumers will use calculate how much of a good consumers will use indicate how supply and demand relate to price indicate how supply and demand relate to price show the level of demand at various prices show the level of demand at various prices demonstrate how supply affects demand
The purpose of a demanding schedule show the level of demand at various prices.
What is demand schedule?The most typical demand schedule is divided into two columns. Prices for goods are listed in ascending or decreasing order in the first column. The second column lists the amount of the commodity required or desired at that pricing. Pricing is determined after extensive market research.
When the demand schedule data is graphed to produce the demand curve, it gives a visual depiction of the price-demand relationship, allowing for straightforward computation of demand for a product or service at any point along the curve.
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in year 0, longworth partnership purchased a machine for $40,000 to use in its business. in year 3, longworth sold the machine for $35,000. between the date of the purchase and the date of the sale, longworth depreciated the machine by $22,000. note: loss amounts should be indicated by a minus sign. leave no answer blank. enter zero if applicable. a. what are the amount and character of the gain or loss longworth will recognize on the sale?
Adjusted basis=Purchase price−Accumulated depreciation=$40000-$22000=$18000.
What is purchase price?Assume, for example, an investor buys 100 shares of Ford common stock on three different dates over a five-year period, including 100 shares purchased at a market price of $40, $60 and $80 per share. To determine the cost basis of the purchases, the investor needs to calculate the weighted average cost, which is the total dollar amount of the purchases divided by the number of shares purchased.At 100 shares each, the dollar amounts of Ford stock purchases are $4,000, $6,000, and $8,000, or a total of $18,000, and the purchase total is divided by 300 shares to equal $60 per share. If the investor adds to the stock position, they can calculate a new weighted average price by adding the dollar amount of the new purchases and the additional shares to the calculation.To learn more about shares refer to:
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cassandra wants to customize her display ads based on how potential customers previously engaged with her website. which option best suits her needs?
Since Cassandra wants to customize her Go-ogle Display Ads based on how potential customers previously engaged with her website, an option which best suits her needs is: D. remarketing.
What is Search engine optimization (SEO)?Search engine optimization (SEO) can be defined as a strategic process which is typically used to improve and maximize the quantity and quality of the number of visitors (website traffics) that visits a particular website, by making it appear topmost among the list of results displayed by a search engine such as the following;
Goo-gleYah-ooBingWhat is an ad?In Business management, an ad is an abbreviation for advertisement and it can be defined as a group of consumer and sales promotion campaign which is designed and developed with the sole intention of making the various quality goods or services that are being produced or offered by a business organization (company or firm) to become known, popular, and familiar to all of its customers and potential customers.
In this scenario, we can logically conclude that an option which would best suit Cassandra in customizing her Go-ogle Display advertisements (Ads) based on how potential customers engaged with her website previously is remarketing.
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Complete Question:
Cassandra wants to customize her Go-ogle Display Ads based on how potential customers previously engaged with her website. Which option best suits her needs?
In-Market audiences
Custom Affinity audiences
Similar Audiences
Remarketing
paradox theory states the key paradox in management is that there is no final optimal status for an organization. true false
True, paradox theory states the key paradox in management is that there is no final optimal status for an organization.
What is organizational behavior?
Organizational behavior is an area of study that looks at how individuals, groups and structures interact within an organization. It examines topics such as employee motivation, leadership, communication, decision-making, job satisfaction and job design. It also looks at how organisations can use these factors to improve performance, increase job satisfaction and create a positive working environment. OB seeks to understand and predict how individuals, teams, and organizations will behave in different situations. It also looks at how organizations can be managed to foster better performance and productivity.
The paradox theory of management states that organizations cannot achieve a final optimal status, as there is always a need to continually adapt to changes in the environment. The theory suggests that organizations are in a constant state of change, with each change leading to a new set of challenges and opportunities. Organizations must be able to recognize and respond to these changes in order to remain competitive and successful.
Therefore, true is the correct answer.
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a popular technology company just released a new smartphone that it believes will revolutionize the industry. after the product announcement, marketers set up automatic news and social media alerts to find out what people are saying about the new product. this is an example of
A popular technology company just released a new smartphone marketers set up automatic news and social media alerts to find out what people are saying about the new product. this is an example of buzz marketing.
The buzz marketing is the surprise or viral type of advertising method about the new product. The buzz marketing creates viral excitement between peoples.
The company believes will revolutionize the industry. after the product announcement, marketers set up automatic news and social media alerts to find out what people are saying about the new product.
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a company had $56 missing from petty cash that was not accounted for by petty cash receipts. the correct procedure is to:
Answer:
Debit cash over and short for $56
Explanation:
in solving a problem, a manager group of answer choices changes the situation in which the problem occurs. settles for less than ideal. selects the optimal response. eliminates the problem situation. chooses a satisfactory solution.
in solving a problem, a manager group of answer choices changes the situation in which the problem occurs- selects the optimal response.
what is optimal response?The reaction rate that optimises the reinforcement rate is what we refer to as the ideal response rate. R is the reinforcing rate. p(r; t, )t-1 = R(t, ). Numerous well-known learning theories have been developed as a result of the examination of reaction rates' significant influence on psychology. However, there is growing interest in interpreting response rates as a choice about how to space replies through time rather than as a general response to relationships or worth. Recent studies have demonstrated that both people and mice are capable of timing a single action to maximise reward. Here, we demonstrate how humans and rats approach the optimal reinforcement rate yet consistently react more quickly than they should. This is done using the well-known DRL timed challenge.
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the risk-free rate is 4 percent and the market expected return is 11.3 percent. what is the expected return of a stock that has a beta of 1.25?
The anticipated return for a stock with a beta of 1.25 is 13.13 percent. A stock is a colloquial phrase for any product - market documents.
What other things do you mean by stock?
The property rights of any firm are commonly referred to as stocks. A share, on the other hand, refers to the stock certificate of a specific corporation. If you own shares of a certain company, you are considered a shareholder. There are two categories of stocks: outstanding common.
Why do people buy stocks?
Stocks could be a helpful addition to your investment portfolio. By buying stocks in a range of firms, you can expand your savings, protect your money against deflation and taxes, and boost the yield on you investments.
Briefing:
E(r)= Rf + over CAPM (Rm-Rf)
E(r) stands for expected return, RF for risk-free rate, = Beta, and Rm for return on market.
This model allows us to calculate the value of beta as follows:
β-1.25, Rf- 4%, Rm = 11.3%
E(r) = 4% + 1.25 × (11.3 - 4)%= 13.13%
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your personal opinion is that a security has an expected rate of return of 0.11. it has a beta of 1.5. the risk-free rate is 0.05 and the market expected rate of return is 0.09. according to the capital asset pricing model, this security is: group of answer choices underpriced. overpriced. fairly priced. cannot be determined from data provided.
The security, given the capital asset pricing model, and the market expected return, is c. fairly priced.
How to find the expected return?When using the capital asset pricing model, the expected return can be found by the formula:
= Risk free rate + Beta x ( Market return - Risk free rate )
= 0. 05 + 1. 5 x ( 0. 09 - 0. 05 )
= 0. 05 + 0. 06
= 0. 11
This means that the security is fairly priced because the expected rate of return matches the result from the capital asset pricing model.
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The ________ bias causes people to assume that everyone’s criteria will be just like theirs and that everyone will react to a decision just as they would.- fundamental attribution- social identity- availability- self-serving- projection
The Self Serving bias causes people to assume that everyone™s criteria will be just like theirs and that everyone will react to a decision just as they would.
Hence, Option B is correct.
The tendency for people to seek out information and utilize it to further their own interests is known as the self-serving bias. In other words, people frequently unknowingly make choices that benefit their own interests in ways that others may deem impermissible or unethical. the propensity to attribute situational explanations for failures and dispositional explanations for achievements. Good things come to good people and bad things come to bad people, according to the just-world theory.To know more about Bias here
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a fisherman on the island of fiji manages to feed his family and provide the basic necessities for them. by selling fish in the local market, he also is able to earn cash that allows him to buy modern cooking implements and utensils for his wife. this fisherman can be said to have achieved:
A fisherman on the island of Fiji manages to feed his circle of relatives and offers simple requirements for them. via selling fish inside the nearby marketplace, he also is capable of earning cash that allows him to buy modern-day cooking implements and utensils for his spouse. This fisherman can be stated to have completed: subsistence affluence.
Profits are the income generated through an enterprise. they're derived by means of subtracting the price of goods offered, working expenses, and taxes from revenue. The generation of earnings is a key riding force in the back of the formation and subsequent operation of a business. income can then be used to pay dividends to shareholders.
Profits and income are regularly used interchangeably, however, they may be exceptional. standard, those terms are usually differentiated by means of the adjectives that precede them. for instance, internet income, or gross earnings. The time period profits is the maximum normally used while discussing the bottom line of a corporation's earnings declaration. income is the amount of money you make from doing a task. you may be plenty extra enthusiastic about babysitting whilst you study your income could be extra than beneficiant.
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describes a situation where a third party, outside the transaction, suffers from a market transaction by others.
Answer:
have a great day and night and I have a session with you
upward communication gives employees a chance to air grievances, report progress and provide feedback on management initiatives. a. true b. false
In upward communication employees can communicate directly with upper management to provide feedback, complaints, or suggestions about the company's day-to-day operations, so the given statement is true.
What is upward communication?Meetings at work are an example of upward communication because they allow upper management and lower-level employees to interact in person.Upward communication is the process by which employees communicate directly with upper management in order to provide feedback, share ideas, and raise concerns about their day-to-day work. Historically, downward communication was regarded as the most important type of workplace communication.Upward communication keeps managers informed about how their employees feel about their jobs, policies and procedures, and the company in general. It includes methods such as employee feedback, which aids in the development of mutual trust and assists the organization in determining, implementing, or deciding on new policies.The communication methods available to lower-level employees can impede upward communication.To learn more about upward communication refer to :
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suppose the exchange rate between canada and the united kingdom is equal to 1.80 canadian dollars (cad) required to buy 1 british pound. calculate the missing prices assuming that purchasing power parity (ppp) holds.
Hedging currency exposure is one technique for taking currency risk out of the equation when investing in foreign companies.
Why is it vital to understand exchange rates?A currency's exchange rate is the cost at which two different currencies can be converted between two different countries or economic regions. It is used to calculate the value of different currencies in relation to one another and is crucial in figuring out how trade and capital flows operate.
In plain English, what is real exchange rate?The real rate informs us how much more or less products and services can be purchased overseas (after being converted into a foreign currency) for a specific amount. In actuality, the real exchange rate's fluctuations matter more than its absolute value.
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on january 2, 2023, howdy doody corporation purchased 13% of ranger corporation's common stock for $51,000. ranger's net income for the years ended december 31, 2023, and december 31, 2024, were $11,000 and $51,000, respectively. during 2024, ranger declared and paid a dividend of $62,000. there were no dividends in 2023. on december 31, 2024, the fair value of the ranger stock owned by howdy doody had increased to $74,000. how much should howdy doody show in the 2024 income statement as income from this investment?
This income does not include the cash dividend of $62,000 that Ranger Corporation paid in 2024.
What is income?Income is the money or wages earned by an individual or business entity through work, investments or other sources of revenue. It is a key component of an individual's or business's financial success and is typically the main factor used to determine tax liability. Income is typically tracked over a period of time, usually a year, and reported on a person's or entity's income tax return. Some types of income include wages, salaries, tips, bonuses, rental income, investment income, alimony payments, capital gains, royalties, and pensions.
The amount of income Howdy Doody should show in the 2024 income statement from the Ranger Corporation stock investment is $20,000. This amount is calculated by taking the difference between the fair value of the Ranger stock on December 31, 2024 ($74,000) and the cost of the stock on January 2, 2023 ($51,000), and then multiplying this difference by the 13% ownership stake Howdy Doody has in Ranger Corporation. Mathematically, this is expressed as (74,000 - 51,000) x 0.13 = 20,000.
This income does not include the cash dividend of $62,000 that Ranger Corporation paid in 2024, as that dividend is recorded as a separate line item on Howdy Doody's income statement.
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which of the following is not an advantage of personal selling over advertising? a. it allows the organization to have more control over who sees its message. b. any misunderstanding of the message can be corrected. c. it is the least costly form of promotion. d. all of these are advantages.
Out of the choices provided above, the statements that are not an advantage of personal selling over advertising, includes,
any misunderstanding of the message can be correctedit is the least costly form of promotion.Therefore, the options B and C hold true.
The advantages of personal selling include the fact that it allows an organization to have a better sense of command over who sees its communication or the message. Moreover, personal selling is not at all a cheap form of promotion, as it requires specialization, and the process of promotion is not at all standardized.
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your firm spent $100 million developing a new drug. it has now been approved for sale, and each pill costs $1 to manufacture. your market research suggests that the price elasticity of demand in the general public is -1.1. a) what price do you charge the public?
The amount that a good's quantity requested will change as a result of a price rise is indicated by its own price elasticity. Reduce the cost of the medication.
What makes it a drug?
Etymology. The word "drug" is believed to have come from the Old French word "drogue," which may have been derived from the Middle Dutch word "droge (vate)," which meant "dry (barrels)" and referred to medicinal plants kept as dry materials in barrels.
What a drug means?
The term "drug" refers to any substance (other than food) that is used to treat, preventive, or relieve the symptoms caused by a disease and other such abnormal state. In addition to altering how the brain and the rest of the body work, drugs may also have an affect on mood, perception, thoughts, feelings, or behavior.
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true or false: cobra protects employees and their family members with preexisting medical conditions from health coverage discrimination.
cobra protects employees and their family members with pre-existing medical conditions from health coverage discrimination- false.
what are pre-existing medical conditions?a medical condition you had before the start date of the new health insurance, such as diabetes, cancer, or asthma. Insurance providers cannot charge you more or refuse to pay for treatment for a pre-existing ailment.
A pre-existing condition is a disease or injury that existed before enrolling in a health insurance plan. Pre-existing conditions can range from pregnancy to conditions like cancer, diabetes, lupus, depression, acne, and just about any other illness you can think of.
Prior to 2014, medical underwriting was utilized by individual market health insurers (i.e., insurance that consumers purchase on their own rather than through an employer). That implied that if an applicant had a pre-existing ailment, they may reject the application outright, impose higher charges, or impose a waiting time.
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the following data are available for the south division of manhattan products, inc. and the single product it makes: unit selling price $ 37 variable cost per unit $ 29 annual fixed costs $ 297,000 average operating assets $ 1,670,000 how many units must south sell each year to have an roi of 12%?
The number of units that the South division of Manhattan products Inc. needs to sell to have an ROI of 12 %, is 62, 175 units
How to find the number of units ?First, find the ROI:
= 12 % x 1, 670, 000
= $ 200, 400
Then find the contribution margin :
= Selling price per unit - Variable cost
= 37 - 29
= $ 8
The number of units that the South division of Manhattan products Inc. , is :
= (Average fixed costs + ROI ) / Contribution margin
= ( 297, 000 + 200, 400 ) / 8
= 62, 175 units
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what is the difference between the federal budget deficit and federal government debt?
The deficit shows by how much the federal government expenditures exceeded its revenues in a given fiscal year; the deficit is measured per year. In contrast, the debt level refers to the total amount that the government owes on a particular date, say, the last day of a fiscal year.
What Is the Federal Budget Deficit?
The yearly discrepancy between government expenditure and revenue is referred to as the deficit. Every year, the government collects taxes and other forms of income and spends it on various programs such as national defense, Social Security, and healthcare. A deficit occurs when the government spends more than it receives. The government runs a surplus when it collects more money than it spends.
What Is the Federal Debt?
The debt is the total amount of money owed by the United States government. It is the sum of previous deficits minus surpluses. Debt is analogous to the balance on your credit card account, which indicates the total amount owed over time. The Congressional Budget Office forecasts that by the end of fiscal year 2022, the public debt would be $24.2 trillion, or 98 percent of GDP.
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what is the quantity exchanged when the price floor is $0.75 in the market for public transportation?
In the trade for public transportation, once the price floor is $0.75, there is no quantity exchanged.
What does the word "market" signify in economics?A market is any framework that enables sellers and purchasers to trade any kind of commodities, services, or information, according to mainstream economic theory. A transaction is any exchange of goods, whether it involves payment or not.
Briefing:The requisite price is the floor price.
In the above table Equilibrium price is $1.25where quantity demanded = quantity supplied = 86,000.
Price floor =$0.75 , where quantity demanded = 100,000
Quantity supplied=65,000.
At the ceiling price($0.75) , which is below equilibrium price, quantity demanded > quantity supplied.
Surplus arises when quantity supplied > quantity demanded.
So at price floor of $ 0.75 there will be no surplus. Rather there will be shortage.
Thus, this limit price will continue to be useless.
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modern technology has made it possible for individuals who work in traditionally urban jobs, such as stockbrokers, to live in rural areas. what concept is this an example of?
This illustration demonstrates the idea of counterurbanization, which is the movement of people form urban to rural areas.
Which four migration types are there?Moving within just a state, nation, or continent is referred to as internal migration. migrating to a new state, nation, or continent is known as external migration. Influx of refugees is the acts of relocating to another country. Immigrating to another country.
Which migration examples come to mind?For instance, salmon are produced in rivers and migrate to the sea to reproduce and develop.They return to the rivers where they were born to spawn after spending five to 10 years in the ocean. Gecarcoidea natalis red crabs from Christmas Island migrate for comparable reasons.
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bsg - how can companies avoid significant exchange rate cost adjustments of shipping to latin america?
By transporting all of the product from a North American factory to Latin America, businesses can avoid large exchange rate cost changes for shipping there.
What are exchange rates?Simply put, the rate at which one currency can be exchanged for another is known as the exchange rate between two currencies. For instance, if the exchange rate between the U.S. dollar and the Japanese yen is 80, then 1 U.S. dollar will get you 80 Japanese yen, and it is obvious that it will cost 80 Japanese yen to buy 1 U.S. dollar.The rate of economic activity, the level of market interest rates, the gross domestic product, and the unemployment rate in each of the countries involved all have a role in determining the level of the exchange rate between any two currencies. In the global financial market, where banks and other financial institutions trade currencies round-the-clock based on their opinions on the aforementioned elements as well as their own financing requirements and investment objectives, exchange rates are set.Exchange rates are continually changing from day to day, and often even from minute to minute, due to the 24-hour nature of the world's currency exchanges. Changes can be subtle or rather spectacular.Changes in exchange rates have an impact on businesses in two ways: first, by altering the price of goods imported from other nations and, second, by altering how desirable their products are to customers abroad.Hence, By transporting all of the product from a North American factory to Latin America, businesses can avoid large exchange rate cost changes for shipping there.
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the two channels through which monetary policy can influence behavior in the goods market are
Answer:
the two channels through which monetary policy can influence behavior in the goods market are the Saving and Investment Channel and Cash-flow Channel
Explanation:
The transmission of monetary policy describes how changes made by the Reserve Bank to its monetary policy settings flow through to economic activity and inflation.
Saving and Investment Channel
Monetary policy influences economic activity by changing the incentives for saving and investment. This channel typically affects consumption, housing investment and business investment.
Cash-flow Channel
Monetary policy influences interest rates, which affects the decisions of households and businesses by changing the amount of cash they have available to spend on goods and services. This is an important channel for those that are liquidity constrained
The value of a machine was $400,000 when purchased new one year ago. It has an expected life of five years and the income statement shows the straight line depreciation rate as 20%.
Using double declining balance depreciation, what is the value of the machine at the end of year two?
$ 144,000 is the value of the machine at the end of year two when depreciation rate was 20%.
Calculating the problem:Cost of machine = $400,000
Double declining depreciation rate = 2 x Straight line rate
= 2 x 20%
= 40%
Depreciation expense for 1 year= Cost of machine x Double declining depreciation rate
= 400,000 x 40%
= $160,000
Book value of machine at the end of 1 year = Cost of machine- Depreciation expense for year 1
= 400,000-160,000
= $240,000
Depreciation expense for 2 year = Book value of machine at the end of year 1 x Double declining depreciation rate
= 240,000 x 40%
= $96,000
Book value of machine at the end of 2 year = Book value of machine at the end of year 1 - Depreciation expense for 2 year
= 240,000-96,000
= $144,000
Accumulated depreciation expense for two years = Depreciation expense for 1 year + Depreciation expense for second year
= 160,000+96,000
= $256,000
Book value of machine = Cost of machine - Accumulated depreciation expense for two years
= 400,000-256,000
= $144,000
The value of the machine at the end of year two = $144,000
What is Depreciation Expense?Depreciation cost is that part of a hard and fast asset that has been taken into consideration fed on withinside the contemporary period. This quantity is then charged to cost. The cause of this fee is to progressively lessen the sporting quantity of constant belongings as their fee is fed on over time.
Why depreciation is a cost?Depreciation is taken into consideration to be an cost for accounting purposes, as it effects in a price of doing business. As belongings like machines are used, they enjoy put on and tear and decline in fee over their beneficial lives. Depreciation is recorded as an cost at the profits statement
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Net marketing contribution reveals what is left after the manufacture and sale of the product to cover marketing, fixed costs and profit. True or False
It is true that net marketing contribution reveals what is left after manufacture and sale of product to cover marketing, fixed costs and profit.
What is marketing?Discovering, creating, and providing value to meet a target market's needs for products and services is the process of marketing. Additionally, it can entail selecting a target market, deciding which attributes or themes to highlight in advertising, executing advertising campaigns, and taking part in trade exhibits and public events. The marketing is the responsibility of the seller, who is typically a manufacturer or merchant. It is one of the key components of business management and commerce. Marketers can direct their products at either consumers or other businesses (B2B marketing) (B2C marketing). Regardless of the target audience, a number of factors, including the perspective of the marketer, are important. Market orientations are what determine how marketers approach the marketing planning step.
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the jackson group decides that the best way to get around the exorbitant tariff barriers it encounters when shipping products to malaysia is to build a factory there, with the same standards as the home factory, and allow that factory to serve the malaysian market. what type of factory is the jackson group going to build?
Jackson group has decided to build the server factory.
What is server factory?A server factory is a manufacturing facility that serves specific national or regional markets. A contributor factory serves a local market while also taking on product customization, process improvements, product modifications, or product development.The server factory is located in a location with advanced suppliers, competitors, and research and knowledge centers to provide proper knowledge about anything new.The outpost factory is another type of factory that is closely related to the concept of deciding which countries to operate in based on strategic value rather than a location's ability to produce goods. Maintaining and possibly improving the global company's position in key countries is sometimes regarded as a practical consideration.To learn more about server factory refer to :
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refer to table 17-9. what is the nash equilibrium in this dorm room cleaning game? a.nadia: clean maddie: don't clean b.nadia: don't clean maddie: don't clean c.nadia: don't clean maddie: clean d.nadia: clean maddie: clean
Option (b), The nash equilibrium in this game of dorm room cleaning is Nadia: don't clean Maddie: don't clean.
Tell us about the Nash equilibrium.According to the game theory decision-making theorem known as the Nash equilibrium, a player can achieve the desired outcome by adhering to their initial strategy. Each player's strategy in the Nash equilibrium is the best one when considering the decisions made by other players.
What is the economic purpose of the Nash equilibrium?When used in the real world, the Nash equilibrium allows economists to predict how businesses will respond to pricing adjustments from rivals. By employing pricing strategies to compete against one another, two large firms will certainly squeeze customers more harshly than thousands of rivals.
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