While the ethical concept of consequences maintains that you should never do any action, common understanding is an ethical principle that states that you should never do anything that damages the least .
Is society in conflict or in agreement?Depending on who you ask, you can determine if society is in agreement or disagreement! Societies are said to be founded on consensus by functionalist theorists, whereas they are said to be founded on conflict by Marxists and feminists.
What does criminology consensus mean?The Consensus Model or Broader View of criminal justice contends that rather than competing with one another, the organizations that make up a criminal system either already do so or ought to do so in order to accomplish justice. a system of criminal justice where the vast majority of a society's people hold the same ideals and principles.
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Alberta has been working in the sales field for almost 10 years. She enjoys learning about potential customers and their problems. She then shares how her product will help them solve their problems in the hopes they will want to buy from her. Alberta most likely works in
Multiple Choice
a. order processing.
b. advocacy marketing.
c. sales support.
d. problem prospecting.
e. creative selling.
Since she shares how her product will help them solve their problems in the hopes they will want to buy from her. Alberta most likely works in advocacy marketing. Option B
What is meant by advocacy marketing?Through methods like testimonials, reviews, and social mentions, advocacy marketing aims to get your present consumers to spread the word about your company and goods.
An advocate marketing approach can help you promote your brand, better connect with your target market, and develop relationships with customers that are mutually beneficial. It is a crucial element of any of any digital marketing strategy
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FILL IN THE BLANK. one of the true risks of high national debt is an equity issue in that upper-income individuals may benefit more through expanded investment opportunities at the cost of___lower-income individuals.
The private sector's inability to utilize savings properly is one of the real problems associated with the massive national debt.
What does "debt" mean?Debt may well be defined as the amount that the borrow owes the lender. A debt refers to a sum of income that has been taken for a specified time frame and must be repaid, plus interest. That debtor's reputation affects both the debt's size and its clearance.
What kind of debt are there?Loan payments, housing, and credit card transactions are typical examples. But did you guys know there are several sorts of debts, in addition to the loans? Four kinds of debt are frequently used: secured, unsecure, revolving, and monthly.
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An economic system in which the state has minimal involvement and in which market forces largely guide economic activity.
Business is done in a free-market system, sometimes referred to as capitalism, with just minimal government participation. What is produced, how it is generated, and for whom are all determined by competition.
Market explain: What is it?
A entire quantity of sellers and purchasers in the region or geographic area under consideration is known to as the marketplace. World, as well as various countries, provinces, territories, and towns, could be the topic. The value, cost, and cost of the items traded rely on the supply and demand factors in the economy.
What is the market's significance?
Economics are crucial. It serve as the exchange interaction of company shares as well as provide funding access for businesses.
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marx believed that was the first economic system capable of maximizing the immense productive potential of human labor and ingenuity.
Marx considered capitalism to be the first economic system capable of harnessing the enormous productive potential of human labor and intellect.
Karl Marx, who was he?What were his thoughts on capitalism? Marx considered capitalism to be the first economic system capable of harnessing the enormous productive potential of human labor and intellect.Marx saw capitalism as a system that alienates the masses.His rationale was as follows: while employees generate goods for the market, it is market forces, not workers, that control the market.People are forced to labor for capitalists who wield complete control over the means of production and wield authority in the workplace.Marx is most renowned for his revolutionary works that advocated for socialism and a communist revolution.While the majority now rejects Marxism and Marxian economics, many of Marx's critiques of capitalism remain pertinent.To learn more about Karl Marx refer
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For a particular item, a firm has established an order-up-to level of 205 units. Currently, there are 55 units in stock, O backorders and 65 units scheduled to be delivered tomorrow to the firm. How many units should be ordered?
If for a particular item, a firm has established an order-up-to level of 205 units. The number of units that should be order is 85 units.
What is re-order level?Re-order level can be defined as the stock level in which a company is expected to place order for new supplies.
Using this formula to find the units to be order.
Units to be order = Order up to level - Units in stock - Unit to be delivered
Where:
Order up to level = 205 units
Units in stock = 55 units
Unit to be delivered = 65 units
Let plug in the formula
Units to be order = 205 units - 55 units - 65 units
Units to be order = 85 units
Therefore 85 units should be order.
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the beatles' producer for most of their recordings was group of answer choices berry gordy phil spector gerry coffey george martin
The beatles' producer for most of their recordings was george martin .
What is meant by beatles producer?George Martin, who passed away in March 2016, was, of course, The Beatles' producer. Along with overseeing the recording of their records, he was the one who signed them to the label where he worked, EMI, a division of the UK business Capitol with an American branch.
Hip-hop artists use various producers on every other track in modern music, and rock bands switch producers every other album to help establish a fresh sound. The Beatles, however, worked with only one producer during their eight-year recording career: George Martin.
Some of the most well-known and enduring songs of the previous century were written by the songwriting team of John Lennon and Paul McCartney, the two founding members of the Beatles.
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Rowdy's Restaurants Cash Flow ($ in millions) Cash received from: Customers $1,800 Interest on investments 200 Sale of land 100 Sale of Rowdy's common stock 600 Issuance of debt securities 2,000Cash paid for: Interest on debt $ 300 Income tax 80 Debt principal reduction 1,500 Purchase of equipment 4,000 Purchase of inventory 1,000 Dividends on common stock 200 Operating expenses 500 Rowdy's would report net cash Inflows (outflows) from financing activities in the amount of Multiple Choice O $1.100 million O $820 million O $900 million O ($1,100) million
The net cash inflows (outflows) from financing activities is $1,100 million.
What is net cash?Net cash is a company's total cash and cash equivalents, which are assets that can be easily converted into cash. The calculation of net cash includes the current balance of cash, money market accounts, and other deposits, less any outstanding checks or payments that have not yet been processed. Net cash is also known as cash on hand and is usually reported on a company's balance sheet. Net cash is a key indicator of a company's liquidity, as it provides an indication of how much cash the company has readily available to pay its bills and satisfy its obligations.
Net cash inflows (outflows) from financing activities is calculated by subtracting cash payments for interest on debt, income tax, debt principal reduction, purchase of equipment, purchase of inventory, dividends on common stock, and operating expenses from cash received from customers, interest on investments, sale of land, sale of Rowdy's common stock, and issuance of debt securities.
Thus, net cash inflows (outflows) from financing activities = 1,800 + 200 + 100 + 600 + 2,000 - (300 + 80 + 1,500 + 4,000 + 1,000 + 200 + 500)
= 1,800 + 200 + 100 + 600 + 2,000 - 3,780
= $1,100 million.
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When the disposal of a significant component occurs, the income statement should report the gain (or loss) from discontinued operations, net of tax.
The events and transactions that meet two conditions. They are unusual in nature and infrequent in occurrence.
what is infrequent ?
Rare, scarce, sporadic, and uncommon are some typical synonyms for infrequent.All of these adjectives denote a lack of abundance or commonality, but the word "infrequent" suggests occurrence at irregular intervals of time or space.The term frequent, or "frequently," is derived from the Latin word frequentem, which means "packed or repeated," while the adjective infrequent is derived from the prefix in, which in this context means "not," and frequent.Infrequent definitions. adjective. not frequently, not regularly or in close succession.Due to the rarity of games where the outcome depends on a single pitch, network issues have become a common occurrence.Common, steady, frequent, and full are synonyms for infrequent.To learn more about infrequent refer to
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this graphic organizer is used to classify systems of government according to the relationship between political and economic freedom. in which quadrant did the soviet union belong?
The Soviet Union belonged in the bottom left quadrant, where political freedom is low and economic freedom is also low. The Soviet Union was a totalitarian state that had little economic or political freedom. The state tightly controlled the economy and limited the rights of its citizens.
Here are four quadrants
Quadrant 1: High Political and Economic Freedom
Quadrant 2: High Political Freedom and Low Economic Freedom
Quadrant 3: Low Political Freedom and High Economic Freedom
Quadrant 4: Low Political and Economic Freedom
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assuming the prices of resoures a and b are 5 and 8 resoectively when the firm hires the profit maximizing combination of resources its ecnomomic profit will be 138 170 145 76
When the company hires the mix of resources that will increase profits by 5 and 8 respectively, its economic profit will be 145.
What is meant by profit maximization?In order to increase their returns, firms must ensure that the best levels both output and prices were realized through the process of profit maximizing. For the purpose of achieving its profit goals, the corporation alters crucial factors such as sale price, cost of production, or output levels. When marginal revenue equals marginal cost, or when MR = MC, a fully competitive firm will make the decision that will maximize its profits.
Why is profit maximizing important and what are the three conditions of profit maximization?Profit maximization is indeed a tactic that can encourage efficient and long-term company growth. If you're prepared to expand your business, a maximizing profit strategy will ensure that more work yields better net revenue.
Cost price p must match market value (MC). At q0, the marginal cost must not be decreasing. In order for the business to continue producing goods, the cost price must be higher than the average variable cost (p > AVC) in the short term and higher than the average cost (p > AC) in the long term.
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Typical capital budgeting decisions include ______ decisions.
O employee hiring and firing
O cost reduction
O lease or buy
O equipment selection
O product and service pricing
Answer: cost reduction
lease or buy
equipment selection
Typical capital budgeting decisions include decisions related to cost reduction, lease or buy, and equipment selection.
Capital budgeting is the evaluation of potential big projects or investments by a corporation. Construction of a new facility or a substantial investment in an external enterprise are examples of undertakings that require capital budgeting prior to approval or rejection.
As part of capital planning, a corporation may evaluate the lifetime cash inflows and outflows of a prospective project to determine whether the anticipated returns generated reach an acceptable threshold. The practice of capital budgeting is also known as investment evaluation.
Companies use capital budgeting to analyze significant projects and investments, such as new factories or equipment.
The procedure entails assessing the cash inflows and outflows of a project to evaluate whether the predicted return satisfies a predetermined benchmark.
The primary techniques for capital planning are discounted cash flow, payback, and throughput analyses.
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Which of the following statements about achieving a common understanding of the project purpose is true?Select one:a. A common understanding means building a consensus and disagreement regarding a project’s purpose is often fatal to project execution.b. Developing a common understanding involves defining project success, determining potential barriers to success, establishing milestones, and identifying decision-makers.c. The methods and processes employed to develop a common understanding depend on the duration of the project.d. Irrespective of the complexity of the project, developing a common understanding usually involves informal discussions that last a few hours.e. When developing a common understanding of the purpose of a project, participants are often instructed to refrain from expressing skepticism.
The true statement about achieving a common understanding of the project purpose is developing a common understanding involves defining project success, determining potential barriers to success, establishing milestones, and identifying decision makers. Option B
What is Project purpose about?The purpose of a project reveals why it exists, what it means to do, what ambitions or dreams it is pursuing, or what course it is taking and maintaining.
For the project and for all stakeholders, the description of this is crucial on three different levels.
It is therefore a strategic decision-making tool and a lever of innovation that enables the project's ambition to be kept in mind at all times.
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Tax depreciation shelters a portion of annual operating income from taxation. However, the amount of cumulative tax depreciation is taxed when the property is sold. Suppose that your taxes due on sale will be $35,000 greater than if the property had not been depreciated. If the sale were to occur five years from now, determine the present value of the tax on depreciation recapture in the year of sale assuming a discount rate of 9.5%.
A) $31,963
B) $22,233
C) $55,098
D) $134,390
Tax depreciation shelters a portion of annual operating income from taxation.The closest answer choice to this value is $22,233, so the correct answer is B) $22,233.
What is Tax depreciation?Generally, To determine the present value of the tax on depreciation recapture in the year of sale, we can use the present value formula:
PV = FV / (1 + r)^n
Where PV is the present value, FV is the future value, r is the discount rate, and n is the number of periods.
Plugging in the given values, we get:
PV = $35,000 / (1 + 0.095)^5
= $35,000 / 1.503787
= $23,226.45
The present value of the tax on depreciation recapture in the year of sale is $23,226.45.
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an online posting for a civil engineering position lists the knowledge, skills, and abilities that a candidate must possess in order to apply for the job. these requirements constitute a job
The information, talents, and skills a candidate must have in order to apply for a job as a civil engineer are specified in an online job offering. These specifications serve as a job specification.
An official document known as a job specification outlines the responsibilities, necessary expertise, necessary skills, and necessary qualifications for State jobs.
The job specification, as opposed to the job description, defines the attributes the employee should possess—or, in some cases, must—in order to be eligible for the position. Education qualifications are just one example. experience or training for the particular profession.
The value of a job specification lies in the fact that it gives applicants crucial cues to determine whether they have the necessary experience. To attract prospects, on the other hand, job description contains details about a role.
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the 100 in a 50/100/25 split limit policy refers to the maximum amount the policy will pay in:
The 100 denotes a bodily injury liability limit of $100,000 per accident. The final 50 represents the per-accident responsibility for property damage, which is likewise $50,000.
A rule and an example signify what?
The policy of a government or other institution may take the form of legislation, a regulation, a procedure, an administrative choice, an inducement, or an optional practice. Usually, resource distributions reflect political choices. Health may be impacted by policies in many different businesses.
What does policy serve to accomplish?
Mission, values, and strategic goals are all distilled into policies, which, together with the law, are the result of everything that came before them in the hierarchy. More specific than strategic objectives, policies specify parameters, or boundaries, for behavior and activities required to achieve those objectives.
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Which of the following recruitment strategies can help an organization reduce labor costs and improve customer service together with accessing top talent?A. offshoringB. resume databasesC. observationD. trade fairs
Offshoring is the following recruitment strategies can help an organization reduce labor costs and improve customer service together with accessing top talent.
A talent inventory is what, exactly?A talent inventory is a database that contains information about the knowledge, experience, and career interests of the present workforce. Before you begin gathering any data, there are a few crucial questions you should ask yourself. I've included a complete list in the exercise files for you.
What does a talent inventory serve as its primary function?Employers use these inventories to determine whether their current workforce is capable of achieving their objectives. Planning strategically is aided by having a clear understanding of the company's present talent pool and future skill requirements.
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carlos wants to purchase a lot, owned by sarah, that is next door to sarah's home. carlos knows sarah will not sell the lot to him because of his barking dogs that she dislikes. carlos agrees with jasmine that jasmine will purchase the lot from sarah for him. jasmine and sarah reach an agreement and enter into a contract whereby sarah is to sell the lot to jasmine for a price within the scope of jasmine's authority. jasmine tells sarah nothing about her plan to later transfer the lot to carlos. before title to the lot is transferred to jasmine, carlos tells jasmine that he no longer wants the lot. jasmine tells sarah about carlos. sarah tells jasmine that as far as she is concerned, jasmine has bought the lot. sarah says that she plans to move anyway and really does not care whether jasmine or carlos ends up with the lot. she just wants her money and is unconcerned about barking dogs, which will be the next owner's problem. which of the following is true regarding whether jasmine is personally bound on the contract with sarah?
From the deals of the contract that involves these persons, we can say that Jasmine is personally bound on the contract with Sarah
What does it mean to be personally bound on a contract?Any deal that is legally enforceable is referred to as a "binding contract." This means that if you enter into a legally enforceable contract and fail to uphold your half of the bargain, the other party may file a lawsuit against you.
The promisee, who benefits from a contract, and the promisor, who makes a promise, are the two key participants on the surface. Additionally, the contract imposes obligations on both parties. Contracts occasionally have third-party beneficiaries.
A contract that is enforceable and has legal standing is said to be legally binding. Someone will be held accountable by the law if they violate an agreement that is enforceable by law.
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Of the principles of ethical conduct, one is said to be similar to a cost-benefit analysis. Which of the following principles does this description fit? the Principle of Distributive Justice the Principle of Virtue the Utilitarian Principle the Universalist Principle
Values are informed and influenced by principles.
What are the main ethical principles?Different principles are also applied in certain contexts. We will discuss utilitarianism, universalism, rights/legal, justice, virtue, the common good, and ethical relativism.utilitarianism, universalism, rights/legal, justice, virtue, common good, and ethical relativism approaches.
This notion is based on legal and moral rights. Legal rights are privileges restricted to a certain legal system and territory. In the United States, the Constitution and Declaration of Independence serve as the foundation for people' legal rights, such as the right to life, liberty, and the pursuit of happiness, as well as the right to free expression. Moral (and human) rights, on the other hand, are universal and founded on conventions in every community, such as the right to labor and the right not to be enslaved.
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Answer
Explanation
Which of the following statements is TRUE in terms of an optimal strategy for local, regional, and global systems? A Firms will always increase agency costs by developing only a few core global systems for vital global operations, and leaving other systems to local and regional units B All systems should always be locally scoped in nature, even ones which are vital for global operations Firms can reduce agency costs by developing only a few core global systems for vital global operations and leaving other systems to local and regional units D Firms should seek to increase transactional, agency, and coordination costs when doing business globally
An optimal strategy for local, regional, and global systems All systems should always be locally scoped in nature, even ones that are vital for global operations. Option B.
The best-mixed strategy for a Platoon player is the one that has the lowest possible expected value for the Platoon player's best counter-strategy. The First Order Optimal Strategy is the strategy with the highest power/effort ratio.
These strategies require minimal effort and skill but offer relatively high levels of strength or other rewards. It is often detected early. Pure Strategy provides a complete definition of how players play the game. Pure strategy can be viewed as an observational plan you make throughout the game. In particular, it determines the moves players make in situations they may face.
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which combination of the following represent the risks that a swap dealer confronts? (i)- interest rate risk (ii)- basis risk (iii)- exchange rate risk (iv)- political risk (v)- sovereign risk (i), (ii), (iii), and (v) (i), (iii), and (iv) (iii), (iv), and (v) (i), (ii), (iii), (iv), and (v)
A swap dealer takes on risk and acts as a market maker of swaps. Talk about the dangers that a trader in interest rate and currency swaps faces.
What are the swaps' risks?Interest-rate swaps, like the majority of non-government fixed-income assets, are subject to two main risks: interest rate risk and counterparty risk, which is credit risk in the swaps market. Swaps involve interest-rate risk since real interest rate fluctuations don't always coincide with predictions.
Which two forms of swap contracts are there?In contrast to options and futures, which are traded on a public exchange, swaps are specialized contracts sold in the private over-the-counter (OTC) market. The two most typical and fundamental types of swaps are interest rate and currency swaps.
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Assume that Jill spends all her allowance on only two goods whose prices are equal. To maximize utility Jill will
A. Spend the same total dollar amount on each good
B. Purchase the same number of units of each good
C. Purchase a combination of the two goods so that the utility of each good is the same
D. Purchase a combination of the two goods so that the marginal utility of the last unit purchased of each good is the same
E. Purchase a combination of the two goods so that the marginal utility of the last unite purchased of each good divided by the price is equal to one
To maximize utility Jill will spend the same total dollar amount on each good. The idea behind utility maximisation is that people and organisations should aim to get the most happiness possible out of their financial choices.
The degree to which an individual's fulfilment is realised is measured by utility function. Making economic organisations that ensure the maximum possible level of customer happiness is known as utility maximisation (benefit). An illustration would be if a consumer chose to buy more "Product A" and less "Product B" since the former combination ensures greater benefit (utility) per dollar. The utility-maximizing condition is when overall expenditures are equal to the available budget.
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wer the next question on the basis of the following table, which indicates the dollar price of libras, the currency used in the hypothetical nation of libra. assume that a system of freely floating exchange rates is in place. (1) (2) (3) quantity of libras demanded (billions) dollar price of libras quantity of libras supplied (billions) 100 $5 325 200 4 200 300 3 100 400 2 75 the equilibrium dollar price of libras is: group of answer choices $5. $3. $4. $2.
The equilibrium dollar price of libras based on the information illustrated is C. $4.
What is equilibrium?Economic equilibrium is a state of affairs in which forces such as supply and demand are in balance and the values of economic variables do not change in the absence of external influences.
When market supply and demand are in balance, prices become stable. This is known as equilibrium. In general, a surplus of goods or services leads to lower prices, which increases demand, whereas a shortage or undersupply raises prices, which decreases demand.
The equilibrium price in economics is determined by equating the supply and demand functions, then solving for the price.
The equilibrium rate is determined where the quantity demanded is equal to amount suppled. Both are equal at quantity 200 billion of Libras. At this quantity, One dollar is equal to 4 Libras.
Therefore, based on the information, the correct option is C.
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as an invaluable employee to her company, emma has been given the freedom to choose her work hours. she can also opt to work
Emma is permitted to set her own working hours because she is a valuable employee for her company. She can choose to work from home for a total of seven days every month. In this case, job flexibility is being created by utilizing one of the following retention tactics.
Formal socialization occurs when coworkers teach a new employee how to execute their job, right?Formal socializing occurs when colleagues train a new hire on how to conduct their job. When employees undergo training and start learning about the company's culture and customs as well as how to accomplish their jobs, anticipation socialization takes place.
Which of the following would make peer reviews a successful internal assessment technique in a company?rely on qualified psychologists to evaluate a candidate's traits, principles, and behavioral patterns in relation to a certain position.
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true or false : in a limited partnership, a limited partner has full responsibility for the partnership and for all its debts.
The statement that in a limited partnership, a limited partner has full responsibility for the partnership and for all its debts is false.
What is a Limited Partnership?
A limited partnership (LP) is a partnership agreement between two or more partners - a general partner and limited partners who go into business together.
The limited partners are only liable for the amount they invested in the business but have little to no involvement in the management of the business.
The general partners have unlimited liability and are fully in charge of the management of the business.
Therefore, a limited partner does not have full responsibility for the partnership and for all its debts in a limited partnership.
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assume that fod good x the supply curve for a good is a typical upward cloping straight lijen andn the demand curve is a typical
Assume that fod good x the supply curve for a good is a typical upward-cloping straight lien and the demand curve is a typical are:
-deadweight loss of the tax increases by a factor of 9
-the height of the triangle that represents the deadweight loss triples
-base of the triangle that represents the deadweight loss trip
Supply curve shift: changes in production cost and associated elements can purpose a whole supply curve to shift right or left. This causes a higher or lower amount to be provided at a given charge. The ceteris paribus assumption: supply curves relate costs and quantities provided assuming no different elements trade.
The delivery curve slopes upward because as a product's charge rises, the enterprise could tend to be greater inclined to make it. additionally, since organizations are efficient and would exhaust the cheapest production inputs first, the fee of manufacturing has a tendency to upward thrust as output will increase.
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Scenario: The market demand for soccer balls in a small town is 2,500 units and there
are two rival sports brands selling soccer balls in this town—Sporty and Go! The
products of the two brands are identical.
7. __________ Refer to the scenario above. The demand for Sporty's soccer balls is
1,250 units if ________.
A) the price charged by Sporty is higher than the price charged by Go!
B) the price charged by Go! is higher than the price charged by Sporty
C) the price charged by Sporty is equal to the price charged by Go!
D) the price charged by Sporty is higher than the cost of production of each ball
8. __________ Refer to the scenario above. The demand for Sporty's soccer balls is
2,500 units if ________.
A) the price charged by Sporty is higher than the price charged by Go!
B) the price charged by Go! is higher than the price charged by Sporty
C) the price charged by Sporty is equal to the price charged by Go!
D) the price charged by Go! is higher than the unit cost of producing a ball
9. __________ Refer to the scenario above. The demand for Go!'s soccer balls is
2,500 units if ________.
A) the price charged by Sporty is higher than the price charged by Go!
B) the price charged by Go! is higher than the price charged by Sporty
C) the price charged by Sporty is equal to the price charged by Go!
D) the price charged by Go! is higher than the cost of producing a ball
7. The correct option is c)
The demand for Sporty's soccer balls is 1,250 units if the price charged by Sporty is equal to the price charged by Go!
8. The correct option is b)
The demand for Sporty's soccer balls is 2,500 units if the price charged by Go! is higher than the price charged by Sporty
9. The correct option is a)
The demand for Go!'s soccer balls is 2,500 units if the price charged by Sporty is higher than the price charged by Go!
7. Because the products of the two brands are identical; this market structure is an oligopoly with homogenous products.
8. Because as the price charged by sporty is lower; the demand is higher and there is a chance of demand of 2500 units.
9. Because of the price charged by Go! sporty is lower; the demand of Go! is higher( or) maybe 100%. So, the demand for Go! sporty is 2500 units.
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combines computerized manufacturing processes with other computerized systems used before and after manufacturing.
Computer-integrated manufacturing combines computerized manufacturing processes with other computerized systems used before and after manufacturing.
What combines additional computerized systems used before and after manufacturing with computerized manufacturing processes?Design, inventory, production, and purchasing are all managed by computerized systems in computer-integrated manufacturing (CIM).
What is a production process where the fundamental inputs either unite to produce the result or are transformed into the output?The converse is true throughout the assembly process. Natural resources, raw materials, and human resources are only a few examples of the essential inputs that are either combined to create the output or changed into the product.
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Edge Company produces two models of its product with the same machine. The machine has a capacity of 140 hours per month. The following information is available. Standard Deluxe Selling price per unit $ 70 $ 100 Variable costs per unit 20 60 Contribution nargin per unit $ 50 Machine hours per unit 1 hour 2 hours Maximum unit sales per month 600 units 208 units Required: $ 40 1. Determine the contribution margin per machine hour for each model, Product Contribution Margin Standard Contribution margin per unit Deluxe Contribution margin per machine hout 2. How many units of each model should the company produce? How much total contribution margin does this mix produce per month Standard Deluxe Total Hours dedicated to the production of each product Units produced for most profitable sales mix Contribution margin per unit Total contribution margin 3. Assume the maximum demand for the Standard model is 70 units (not 600 units). How many units of each model should the company produce? How much total contribution margin does this mix produce per month? Standard Deluxe Total Hours dedicated to the production of each product Units produced for most profitable sales mix Contribution margin per unit Total contribution margin
The total contribution margin per machine hour = $20 , the total contribution margin of product is $7000.
Contribution margin :Contribution margin shows the total amount of revenue after covering fixed costs and deducting variable costs to make the business profitable," says Knight. This can be thought of as a portion of sales that helps offset fixed costs. Contribution margin (CM) or dollar contribution per unit is the selling price per unit minus the variable cost per unit. "Contribution" represents the portion of sales that is not consumed by variable costs and contributes to covering fixed costs.
1.
Product contribution margin Standard Deluxe
Contribution margin per unit $50 $40
Machine hours per unit 1 2
Contribution margin per machine hour $50 $20
2.
Standard Deluxe Total
Hours dedicated to the production of each product 600 (600*1) 400 (200*2) 1,000
Units produced for most profitable sales mix 140 0
Contribution margin per unit $50 $40
Total contribution margin $7,000 $0 $7,000
3.
Standard Deluxe Total
Hours dedicated to the production of each product 70 (70*1) 400 (200*2) 470
Units produced for most profitable sales mix 70 70
Contribution margin per unit $50 $40
Total contribution margin $3,500 $2,800 $6,300
Why is Contribution Margin Important?
It is an accounting term that helps business owners and managers track the profitability of their products. Understanding contribution margin is important. Because the contribution margin shows how much of the product's sales cover the fixed costs and contribute to the company's profit.
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on september 1, 2024, venetian airlines borrows $46 million, and records the full amount as notes payable (long-term). on december 31, 2024 (balance sheet date), southwest determines $15 million of the note is due next year, while the remaining $31 million is due in two years. record the entry to reclassify the current portion of long-term debt.
Given the amount borrowed by Venetian Airlines and the amount of the note due in the next year, the journal entry for the present component of the long-term debt is:
Date Account title Debit Credit
December 31 Notes Payable ( Long term) $ 15, 000, 000
Notes Payable $ 15, 000, 000
How should the present part of long-term debt be recorded?The share of long-term obligations that must be settled this year is referred to as the current portion of long-term debt. It is specifically shown on the balance sheet under the heading current obligations. The current portion of long-term debt is deducted from the long-term obligation and is credited under the heading current portion of long-term debt.
In order to demonstrate that the note's value is declining, the Notes Payable account will be debited by $ 15, 000, 000, which represents the current part of the note. The identical sum will be credited to the Notes Payable account.
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which of the following is true about the concept of power distance, as it is explained in the video lectures? group of answer choices
It is a measure of how much people in a society value social hierarchy and authority is true about the concept of power distance as explained in the video lectures.
What does Social Hierrarchy mean?
The ranking of individuals within a social group, community, or society is referred to as "social hierarchy." It is usually determined by factors such as wealth, power, and prestige. Birth, occupation, gender, and other factors can all influence hierarchies. This system of ranking people can help create order and structure in a society.
What does Power Distance mean?
The term "power distance" refers to the level of acceptance and expectation of inequality in a society. It assesses how much a society expects and accepts unequal power and authority distribution. It refers to how a society handles power differences among its members as well as how individuals interact with those who have more power than them. It is closely related to the concept of social hierarchy.
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