a unique, innovative plan that distinguishes a business from rivals and gives it a long-term competitive edge: The most dependable employee in a corporation is B.
What is mean by being innovative?
Something innovative is new and original. If you love to experiment and find new ways to do things, you are an innovative person. Innovative, like nova, novel, and novice, comes from the Latin novus, which means new. Something innovative renews or alters the way something has been done.
Because innovation is arguably THE most important skill you can have, especially if you need to cross-market your skills or get a promotion. Every industry requires creativity, so if you want to be a hot commodity, in demand, and happily employed, you need to be innovative!
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Give an alphabetical list of manufacturers who have had products sold from June 1, 2015 through June 30, 2015 inclusive. Only show manufacturer names. NOTE: Do NOT use date functions, use date literals to test for the range of dates.
The corrected SQL query to obtain the alphabetical list of manufacturers who have had products sold from June 1, 2015, through June 30, 2015 given below. The SQL command required for scenario is given a follows:
--> SELECT DISTINCT ManufacturerName--> FROM SimplifiedSales--> WHERE SaleDate BETWEEN '2015-06-01' AND '2015-06-30'--> ORDER BY ManufacturerName;How do these SQL query help to select the values?This query selects the distinct ManufacturerName values from the SimplifiedSales table where the SaleDate is between June 1, 2015, and June 30, 2015, inclusive. The ORDER BY clause orders the results alphabetically by ManufacturerName.
It's important to use the DISTINCT keyword to eliminate duplicates, and to ensure that the result is sorted by the specified column to meet the requirements of the question.
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Saucony is considering adding a new item to its Hurricane line of running shoes to increase its product line depth. All options would be acceptable EXCEPT: Selected Answer: inserting an item of a price and performance level that fills a gap between two existing items. inserting an item of a price and performance level that fills a gap between two existing items. Answers: adding a new private-label product. adding a lower-priced item that is still capable of satisfying the needs of some customers. adding a higher-priced shoe with a higher performance level.
Except for introducing an additional private-label product, all alternatives would be acceptable. (Choice b)
What do we mean by a product with a private label?A house brand, also known as a private label or private-label trademark, is a product line sold by one firm in competition with products from other companies. Goods sold under a company's own brand but produced by an outsider known as a private label producer are referred to as "private label." In those other words, the business that markets and sells the product is distinct from the business that really manufactures it. One of the most well-known private label brands in the world is Costco's house brand.
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daniel, a salesperson, categorizes sean, a customer, as an expressive based on the categories of social styles. in this scenario, the categorization by daniel means that sean is . multiple choice question. low on assertiveness and high on responsiveness high on assertiveness and low on responsiveness high on assertiveness and high on responsiveness low on assertiveness and low on responsiveness
Daniel categorized the customer as high on assertiveness and high on responsiveness based on the categories of social styles.
What are categories of social style?The Social Style model is comprised of four styles. Each style represents a specific pattern of actions that others may observe and agree on when describing one's behavior. This model classifies four distinct personalities: Analytical, Driver, Expressive, and Amiable.
Daniel, a salesperson, classifies Sean, a customer, as an expressive based on social style categories because Sean exhibits high levels of assertiveness and responsiveness.
Therefore, a person is said to be expressive if he/she is high on assertiveness and high on responsiveness.
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Which of the following are downsides of private student loans?
Require a credit check
Loans may not be deferred
Borrowers may be required to make interest payments while in school
Most lenders require a credit score of 720, which could require a cosigner
All of the above
The option that are downsides of private student loans is: E. All of the above.
What is private student loans?Private student loans often require a credit check, and many lenders require a credit score of at least 720, which may require a cosigner for many students.
Additionally, loans may not be deferred, meaning that students may need to start making payments while still in school, which can be difficult for those who are still studying full-time.
Finally, borrowers may also be required to make interest payments while in school, which can add to the overall cost of the loan over time.
Therefore the correct option is E.
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Veronica's goal for her upcoming sales call is to sell 70 chairs to an IT company. She would be willing to sanction an order for 30 chairs if the owner of the company is ready to make a small investment. She is also hoping to convince the manager of the IT company for 200 chairs and to sell them at a 15 percent discount. For Veronica, the sale of 70 chairs is her _____.
Multiple Choice
minimum call objective
routing quota
gross margin quota
primary call objective
optimistic call objective
according to the 42.9 dollars provided. Selling 70 chair to an IT business is Veronica's objective for her forthcoming sales call.
What happens when a company established?The registration phase involves the following steps, which are all necessary: Association Memorandum: The owners of the company must sign a memorandum of agreement (MoA). A public business must have a minimum number of seven members, but a private firm just needs 2.
60 regular chairs
140 executive charis
Now the total in sales is:
Regular sales: $6,000
Executive chairs: $23,800
The variable cost of each is:
Regular chairs: $3720
Executive chairs: $17,500
We total the sales and deduct the whole variable cost:
29,800-21,220=8,850
The total contribution margin is equal to $8850.
After dividing the overall ability margin by the quantity of units sold, the net profit per unit is obtained:
8850/200= 42.9
Hence, the profitability per unit is $42.9.
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At what time would an entire salesforce, including both new hires and long-term employees, need training
Answer:
Explanation:
An entire salesforce, including both new hires and long-term employees, may need training at various times throughout their careers to stay up-to-date on the latest products, technology, and selling techniques, as well as to address any knowledge or skill gaps.
Here are a few examples of when training may be necessary for the entire salesforce:
New product launches: When a company introduces a new product or service, sales teams need to be trained on the features and benefits of the new offering. This training should be provided to all members of the salesforce, regardless of their tenure.
Changes in sales strategy: If a company shifts its sales strategy, such as moving from a product-focused to a solution-focused approach, all members of the salesforce will need to be trained on the new strategy.
Updates in technology: As technology advances, it's important for sales teams to stay current with the latest tools and platforms. Training on new technology should be provided to all members of the salesforce, including long-term employees.
Performance issues: If the salesforce is not meeting performance goals, training may be necessary to address knowledge or skill gaps. This training should be provided to all members of the salesforce who are struggling to meet targets.
Professional development: Providing ongoing training and development opportunities can help sales teams continue to grow and succeed in their roles. This type of training should be provided to all members of the salesforce, regardless of their tenure.
Overall, it's important to assess the needs of the salesforce regularly and provide training when necessary to ensure that they have the skills and knowledge they need to succeed in their roles.
assume the economy of andersonland is in a long-run equilibrium with full employment. in the short run, nominal wages are fixed. (a) draw a correctly labeled
Changes in aggregate demand would cause output and employment in the Andersonland economy to fluctuate. This would be depicted on a graph with the price level as the vertical axis and real GDP as the horizontal axis.
What is Real GDP?The value of all final goods and services produced within an economy in a given year, adjusted for inflation, is measured by the macroeconomic measure known as Real Gross Domestic Product (Real GDP). It is the value, at constant prices, of all goods and services produced in an economy. It is used to measure a nation's economic growth over time.
The nominal GDP, which is the GDP unadjusted for inflation, is taken into account when calculating real GDP. Real GDP provides a more precise measure of an economy's growth or contraction over time because it eliminates the influence of inflation.
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Real GDP in the country of Oz is growing at 5 percent and its population is growing at 2 percent. In the country of Lilliput, real GDP is growing at 4 percent and its population is growing at 0.5 percent. Thus,
Group of answer choices
we need more information to determine if real GDP per person in Lilliput is growing faster or slower than real GDP per person in Oz.
real GDP per person in Lilliput is growing at a rate that is not comparable to that in Oz.
real GDP per person in Lilliput is growing at the same rate as in Oz.
real GDP per person in Lilliput is growing at a faster rate than in Oz.
real GDP per person in Oz is growing at a faster rate than in Lilliput.
The real GDP of both Lilliput and Oz shows that D. real GDP per person in Lilliput is growing at a faster rate than in Oz.
What does the real GDP show ?To determine if real GDP per person in Lilliput is growing faster or slower than real GDP per person in Oz, we need to calculate the growth rate of real GDP per person in each country. Real GDP per person can be calculated as Real GDP divided by Population.
In Oz, real GDP per person is growing at a rate of 5% - 2% = 3%.
In Lilliput, real GDP per person is growing at a rate of 4% - 0.5% = 3.5%.
Therefore, real GDP per person in Lilliput is growing at a faster rate than in Oz.
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the scatter chart above displays the residuals versus the dependent variable, x. which of the following conclusions can be drawn from the scatter chart given below? the model captures the relationship between the variables accurately. the residuals have an increasing variance as the dependent variable increases. the regression model follows the standard normal probability distribution. the residual distribution is scattered about zero within a consistent distance.
The conclusion that can be drawn from the scatter chart given below is that the residuals have an increasing variance as the dependent variable increases. This can be seen in the chart as the points are spread out more as the x-value increases.
This suggests that the model does not capture the relationship between the variables accurately, as the residuals should be evenly distributed around zero if the model was accurate. Additionally, the regression model does not follow the standard normal probability distribution, as the residuals are not evenly distributed around zero. Lastly, the residual distribution is not scattered about zero within a consistent distance, as the spread of the residuals increases with the x-value.
Therefore, the correct conclusion from the scatter chart is: the residuals have an increasing variance as the dependent variable increases.
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Why is independent action of buyers and sellers important to achieving perfect competition?
Answer:
Explanation:
Independent action of buyers and sellers is important to achieving perfect competition because it allows for the forces of supply and demand to operate freely in the market. In a perfectly competitive market, there are many buyers and sellers, each acting independently and without any significant market power. This means that no individual buyer or seller can influence the price of the product or service they are buying or selling.
When buyers and sellers act independently, they are responding to market signals and making decisions based on their own self-interest. Buyers are looking for the best quality product or service at the lowest possible price, while sellers are looking to maximize their profits by offering their product or service at the highest possible price that the market will bear.
If buyers or sellers were not able to act independently, there would be distortions in the market, such as monopolies, oligopolies, or price-fixing agreements. In these cases, individual buyers and sellers would not be responding to market signals, and the forces of supply and demand would not be able to operate freely. This would lead to a less efficient market and could result in higher prices for consumers and lower profits for businesses.
Therefore, the ability of buyers and sellers to act independently is a crucial element of a perfectly competitive market. It ensures that the market is efficient, and that prices are determined by supply and demand rather than by the actions of individual buyers or sellers.
g allied receives payment from macy for the amount owed on the may 5 purchase; payment is net of returns, allowances, and any cash discount.21000
Accounts payable is $12000, merchandise inventory is $240, and Cash is $11760.
What do you mean by Allowances?Salary Allowances are any monetary benefits provided by the employer to its employees to cover expenses above and above the base pay. The financial advantage provided to the employee in addition to their monthly income is known as an allowance.
A journal entry is an act of recording any transaction, whether one is commercial or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Several recordings, each of which is either a debit or a credit, may be included in the journal entry.
Therefore, Accounts payable is $12000, merchandise inventory is $240, and Cash is $11760.
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d. the expectation that the equilibrium price of auto tires will be lower in the future than it is now: (click to select) .
In the hopes that the equilibrium price of auto tires would drop in the future, businesses are selling their inventory now while the price is still high.
What is supply?The amount of a resource that businesses, producers, workers, providers of financial assets, or other economic agents are willing and able to offer to the market or to a specific person is known as supply in economics.
Supply can refer to manufactured items, labor hours, raw resources, or any other in-demand or pricey item.
Supply is frequently represented graphically as a supply curve, with the amount supplied as a function of price on the horizontal axis and price per unit on the vertical axis.
It is sad yet a common practice to reverse the dependent and independent variables from their customary positions.
So, in the given situation, the supply increases.
Businesses sell their inventories now while the price is still high in the hopes that the equilibrium price of auto tires would decrease in the future.
Therefore, in the hopes that the equilibrium price of auto tires would drop in the future, businesses are selling their inventory now while the price is still high.
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Correct question:
The expectation that the equilibrium price of auto tires will be lower in the future than it is now: Supply _____
During 2021, Sleepy rented his vacation home for 75 days and stayed in his vacation home for 25 days. Gross rental income from the property was $10,850. Sleepy incurred the following expenses: mortgage interest, $6,180; real estate taxes, $2,200; utilities, $1,950; maintenance, $750; and depreciation, $4,000. You might find Chapter 6, Example 38 in the textbook helpful in completing this problem!
Using the IRS’s approach, compute:
(1) Sleepy’s net rent income or loss, showing all calculations (his realized amount).
(2) The amount(s), if any, that Sleepy will report on his Schedule A as an itemized deduction.
(3) Any carryover amounts.
Answer:
(1) Sleepy's net rental income or loss can be computed as follows:
Gross Rental Income = $10,850
Expenses:
Mortgage Interest = $6,180
Real Estate Taxes = $2,200
Utilities = $1,950
Maintenance = $750
Depreciation = $4,000
Total Expenses = $15,080
Net Rental Income/Loss = Gross Rental Income - Total Expenses
= $10,850 - $15,080
= -$4,230
Since the net rental income is negative, Sleepy incurred a loss from renting his vacation home during 2021.
(2) Sleepy can report the following expenses as itemized deductions on his Schedule A:
Mortgage Interest = $6,180
Real Estate Taxes = $2,200
(3) Sleepy cannot carry over the rental loss of $4,230 to the next year because he does not meet the income and participation requirements for real estate professionals.
Standard Business Company appeals a decision against it, in favor of Top Flight Corporation, from a lower court to a higher court. Standard is
a. the appellant.
b. the appellee.
c. the defendant.
d. the plaintiff.
Standard Business Company makes a decision against it, in favor of Top Flight Corporation, from a lower court to a higher court. Standard is the appellant. Thus option (a) is correct.
What is a company?A company is a legal entity that is separate and distinct from the individuals who own or manage it. It is typically engaged in a specific type of business activity, like producing and selling goods or providing services.
The companies play an important role in modern economies, generating jobs, creating wealth, and providing goods and services to consumers.
In the above case Standard Business Company appeals from a lower court to a higher court. This means Standard is the appellant.
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it is estimated that consumers are exposed to 6,000 to 10,000 ads every single day in addition to countless news stories, social media posts, and commercial and entertainment programing. to make sense of this information, consumers must select, organize, and interpret this information to create a meaningful picture of the world. selective perception includes three processes: selective exposure, selective comprehension, and selective retention. this activity is important because perception plays an important role in consumer behavior. The goal of this activity is to demonstrate your understanding of selective exposure, selective comprehension, and selective retention Match each scenario to the element of selective perception that it represents Not My Guy New Wheels Selective exposure Selective comprehension Selective retention Recalled Clunker Natural shoes Born to Ride Reset
The goal of this activity is to demonstrate as selective exposure are not my guy & clunker, selective comprehension are recalled & born to ride, selective retention are New Wheels & Natural shoes.
What do you mean by selective exposure?To prevent or decrease cognitive dissonance, people choose to concentrate on information in their surroundings that is consistent with and supports their present views.
Selective retention is the tendency for individuals to retain knowledge that is directly related to their needs, beliefs, interests, and values.
Therefore, the selective perception includes three processes so the goal of this activity is to demonstrate as:
Selective exposure are not my guy & clunker.Selective comprehension are recalled & born to ride.Selective retention are New Wheels & Natural shoes.To know more about the selective exposure, visit:
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You own a food delivery business in a smaller town than DoorDash cares about. But you have just heard about a new competitive service run by some pesky rival from a neighboring town. They are offering similar services but with a membership fee of $40, and a delivery fee of $1 less per delivery. You figure your customers average one delivery per week and if they signed up with the competitor they would be taking a delivery the same day they signed up (52 in total per year). You estimate an opportunity cost of funds of 9% per year (expressed as an effective annual rate).
a) Estimate the present value of the delivery cost savings for an average customer if they wanted a delivery today. (Don't include the membership fee)
b) If the coupon becomes payable at the end of the 52nd week, what is the minimum amount the coupon must be to keep your average customer?
A tax preparer's high ethical standards protect the tax preparer through all of the following EXCEPT:
Providing a quality product that helps them increase client retention.
Minimizing the risk of being subject to preparer penalties.
Showing integrity in the return preparation process.
Eliminating the need for preparer due diligence notes.
A tax preparer's high ethical standards protect the tax preparer Eliminating the need for preparer due diligence notes.
What is meant by diligence notes?An inquiry, audit, or review is conducted to confirm the facts or specifics of an issue under examination. Before entering into a proposed deal with another party, due diligence in the financial realm calls for a review of financial documents.The IRS basically mandates that a tax preparer who prepares a return for a client who claims any of these credits or head-of-household status thoroughly interview and interrogate the customer and collect paperwork to establish that the taxpayer is entitled for the tax benefit.In essence, as a compensated preparer, you must: Assess the data you got from the customer. Examine the data using a consistency and reasonableness standard. When the information seems to be inaccurate, inconsistent, or lacking, make further, reasonable enquiries.To learn more about diligence notes refer to:
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a competitive market is a market in which group of answer choices an auctioneer helps set prices and arrange sales. there are only a few sellers. the forces of supply and demand do not apply. no individual buyer or seller has any significant impact on the market price.
When no single buyer or seller has a substantial impact on the market price, the market is considered to be competitive.
What does a set of available answers in a cutthroat market mean?A competitive market is one in which there are many buyers and sellers, numerous things are offered by several sellers, numerous vendors offer numerous items, and numerous firms frequently have free access to the market. Perhaps the thing that most closely resembles a market of them is bottled water.
Which characteristics of market economics encourage competition?In economics, the term "competitive market" is used to characterize a market where there are numerous buyers and sellers and no single buyer or seller has a substantial impact on the market. In competitive markets, there are no entry barriers, a large number of buyers and sellers, and uniform products.
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Dutch Bros Coffee is hoping to make use of its excess restaurant capacity in the evenings by experimenting with selling beer and wine. It speculates that the only additional costs are hiring more of the same sort of workers to cover the additional hours and costs of the new line of beverages.
Which of the following are examples of hidden costs that are likely to emerge from this decision? Choose all that apply.
A. Increased insurance premiums due to the presence of alcohol at the coffee shop
B. The costs involved with the increased usage of utilities, such as electricity and gas, during evening hours
C. The forgone revenues that could be earned by renting the coffee shop out for other events during evening hours
D. The monthly rent paid for the building
E. Training costs for new and existing employees on beer and wine serving procedures
The examples of hidden costs that are likely to emerge from this decision are
The costs involved with the increased usage of utilities, such as electricity and gas, during evening hours Training costs for new and existing employees on beer and wine serving proceduresThe forgone revenues could be earned by renting the coffee shop out for other events during evening hours. Increased insurance premiums due to the presence of alcohol at the coffee shop.What is Hidden Cost?Hidden costs are those expenses that are not addressed and change based on the outcomes of a decision. Simply defined, charges that are likely to occur and that the coffee house is not taking into account are hidden costs.
There are no additional expenses associated with the decision to keep the coffee shop open later than it currently is. These expenses would still be incurred whether or not the beer and wine experiment is performed out Like monthly rent.
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What is the different between physical hazard and moral hazard
Answer:
A physical hazard is a physical condition that increases the possibility of a loss.
A moral hazard are losses that results from dishonesty and the attitude and conduct of people
Explanation:
as part of the annual report for the fiscal year just ended, lara is working on a grid that summarizes the major decisions that the small business for which she works made during the year. as part of her review, she is identifying whether a decision was impacted by factors internal to the company, or external. which of the following does not appear on lara's list of external factors and why? the economy experienced a period of expansion, requiring the company to respond with a scalable system that could handle the additional volume and growth. sales reps requested a more powerful sales analysis report. the firm's closest competitor launched a new sales incentive with which lara's firm needed to compete. congress instituted an internet sales tax.
The sales reps requested a more powerful sales analysis report. Does not appear on Lara's list of external factors. Thus, option (B) is correct.
What is Analysis?The word analysis is referring as, investigation of something complex in order to comprehend it or identify its key elements, all-encompassing research. The managing a thorough analysis of the issue.
As of the term, sales analysis report is referring as, a document that shows trends affecting your sales operations within a specific fundamental quantity. While the collection of sales written report may vary depending on your goal.
Therefore, The right option (B) is correct.
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Question 5(Multiple Choice Worth 5 points)
(04.01 LC)
If a company pays dividends to stockholders, the dividends -
Oare taxable
Oare not considered income
O cannot be reinvested
O must be cashed out.
If a company pays dividends to stockholders, the dividends cannot be reinvested. The Option C is correct.
What does dividends means to stockholders?A dividend is a payment made by a company to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and can take the form of cash payments or stock reinvestments.
By exercising their voting rights, shareholders must approve dividends. Despite the fact that stock dividends are less common than cash dividends, they are still a possibility. Different exchange-traded funds (ETFs) and mutual funds also distribute dividends.
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Suppose the state of Rhode Island passes a law that increases the tax on beer. As a result, beer consumers who live in Rhode Island start purchasing their beer in surrounding states. Which of the following principles does this best illustrate? a. People respond to incentives, b. Trade can make everyone better off. c. Markets are usually a good way to organize economic activity d. Rational people think at the margin.
The best principle that this scenario illustrates of people in Rhode Island purchasing beer in other states is a. People respond to incentives.
How to describe the principle ?When the tax on beer in Rhode Island is increased, the incentive for beer consumers is to seek out cheaper beer prices in surrounding states.
In other words, the tax increase changes the behavior of beer consumers, who are responding to the incentive of paying less for their beer. This principle is a key concept in economics and is often used to explain how people make decisions based on costs and benefits.
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which of the following affects the demand for normal goods and inferior goods? multiple choice question. income technology the number of buyers price of related goods consumer expectations
If income rises, so does the demand for a typical good. If income rises, the demand for a subpar product falls.
What is income?Income is an entity's ability to save and spend money during a given period of time, and it is typically expressed in monetary terms. Conceptually, income can be difficult to define, and there may be variations depending on the field. The entire amount of money, assets, and other value exchanges obtained over a predetermined period of time in exchange for goods or services is frequently referred to as "income."There isn't a single, accepted definition of income; instead, the term is defined in light of the context in which it is used.The wage they receive from their employment is a common example of income for many people. Any money that an individual or business receives in exchange for labour, the creation of goods and services, or the placement of capital is referred to as income.To learn more about income, refer to:
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Suppose miss roxanne davenport is 25 years old right now and puts away $1,800 per quarter in an account that returns 6% interest.
The total amount in the account after 65 years is $1182000 as per the given data and the total contribution to the account is $288000.
The given data is as follows:
The present age of Roxanne davenport = 25 years
Money invested in the quarter account = $1,800
Interest rate = 6%
The total number of required years = 65 - 25
years for contribution = 40 years
a. To calculate the total amount in the account after 65 years, the formula used here is:
Total amount = Annuity[((1+r)^n -1) / r]
Total amount = 1800×[((1+0.06/4)^(4 × 40) - 1)/(0.06/4)]
Total amount = 1800 x [(9.82)/ (0.06/4)]
Total amount = 1800 x 656.66
Annuity = $1182000
b. The total contribution to the account =1800 × 4 Quarter × 40 Years
The total amount contribution to the account = $288000
The total amount in the account after 65 years is $1182000 as per the given data and the total contribution to the account is $288000.
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The complete question is-
Suppose miss Roxanne davenport is 25 years old right now and puts away $1,800 per quarter in an account that returns 6% interest.
a. How much will be in the account when she turns 65.
b.What is her total contribution to the account?
Omar found the the dealer's cost of the base price was $16558. 16 and the dealer's options cost was $611. 60. The consumer paid the $475 destination charge. If the percent of the dealer's cost is 92% and the percent of the dealer's options cost is 88%. Find the car's sticker price.
The sticker price of the car is $17,544.76. To find the car's sticker price, we need to add up the dealer's cost, dealer's options cost, and destination charge, and then divide by the percentage of the total cost that is represented by the dealer's cost and options cost.
Let x be the sticker price of the car.
The dealer's cost is 92% of the sticker price, so we can write:
0.92x = 16558.16
Solving for x, we get:
x = 16558.16 / 0.92 = 18007.22
Similarly, the dealer's options cost is 88% of the sticker price, so we can write:
0.88x = 611.60
Solving for x, we get:
x = 611.60 / 0.88 = 695.00
Finally, we add up the dealer's cost, dealer's options cost, and destination charge to get the sticker price:
Sticker price = Dealer's cost + Dealer's options cost + Destination charge
Sticker price = 16558.16 + 611.60 + 475
Sticker price = 17544.76
In conclusion, the sticker price of a car is calculated by adding the dealer's cost of the base price, dealer's options cost, and the destination charge paid by the consumer. To calculate each of these costs, we need to know the percent of the dealer's cost and the percent of the dealer's options cost.
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FILL IN THE BLANK Department Y started 675 units during the accounting period. They had a beginning balance in goods in process inventory of 225 units and an ending balance of 150 units. _____ units were completed and transferred out.
To determine the number of units completed and transferred out, we need to use the following formula:
Units completed and transferred out = Units started during the period + Beginning goods in process inventory - Ending goods in process inventory
Substituting the given values, we get:
Units completed and transferred out = 675 + 225 - 150
Units completed and transferred out = 750
Therefore, 750 units were completed and transferred out.
The time frame for which a business prepares its financial statements and reports on its financial performance is known as an accounting period. It is also referred to as the fiscal year or the reporting period.
The accounting period, also known as the fiscal year, can be any length but is most often one year. Depending on their business needs and regulatory requirements, some companies may opt for a different accounting period, such as a quarter or a month.
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Company Z is a private limited company in the secondary sector of the economy. It
manufactures components used in the computer industry. They employ 80 production workers
and ten management and administrative staff. The company has just made record profits. The
shareholders are very pleased because they expect to receive high dividends as their share of
profits. The workers' trade union thinks that their members should get a big pay rise. The
directors of Company Z are considering each of these options. Over the past two years the
company's profits have increased by 15% each year.
a Identify any two of Company Z's stakeholders.
b What is meant by 'secondary sector"?
c Identify and explain two features of a private limited company.
d Identify and explain two ways the objectives of a private sector business like Company Z are different from public sector organisations.
e Do you think the directors should use the profits to reward shareholders or to reward workers? Justify your answer.
a. Two stakeholders of Company Z could be its shareholders and employees (represented by the trade union).
b. The secondary sector refers to the part of the economy that is involved in the production of finished goods, typically using raw materials obtained from the primary sector.
c. Two features of a private limited company are limited liability and a restriction on the transfer of shares. Limited liability means that the owners/shareholders are only liable for the company's debts up to the amount they have invested, and their personal assets are not at risk. The restriction on the transfer of shares means that shares in the company cannot be freely bought or sold without the agreement of the other shareholders.
d. Private sector businesses like Company Z are primarily driven by profit and the pursuit of self-interest, while public sector organizations are typically driven by the objective of providing a public service or meeting a specific social need. Private sector businesses are also typically subject to less government regulation and intervention than public sector organizations.
e. This is a subjective question and there is no right or wrong answer. The directors of Company Z will need to consider a range of factors, including the impact on the company's long-term sustainability, the expectations of its shareholders and employees, and the wider social and economic implications of their decision. Ultimately, the directors will need to strike a balance between the different interests of stakeholders, including the shareholders and employees.
the following table presents statements analyzing policies regarding taxes. classify each of the listed statements as either positive or normative. statement positive normative taxes are too high. in some circumstances, if taxes are lowered, government revenues actually increase. it is immoral for a government to redistribute money from one person to another. when the government increases taxes, rates of tax evasion increase.
The normative statements are 1 and 3 and the positive statements are 2 and 4.
What is a normative statement ?A normative statement expresses a value judgment about the desirability of a situation. Whereas a positive statement is meant to describe the world as it is, a normative statement is meant to talk about the world as it should be. For example, the world would be a better place if the moon were made of green cheese is a normative statement because it expresses a judgment about what ought to be. Normative statements are characterised by the modal verbs such as should, would, could or must.
In economics, normative statements form the basis of normative economics.
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A firm plans to introduce a new line of products and solicits the help of its suppliers to aid the design of the products. Which of the following supply management goals does this scenario illustrate?
a. Accessing technology and innovation
b. Sourcing
c. supply chain resilience
Accessing technology and innovation are supply management goals in this scenario when a firm plans to introduce a new line of products and solicits the help of its suppliers to aid the design of the products.so option a is correct.
By way of illustration, what is supply management?Supply chain management is the process of coordinating the various processes necessary to produce and provide clients with goods and services. Supply chain activities include, among others, designing, farming, manufacturing, packaging, and transportation. Supply management is the process of locating, procuring, and overseeing the suppliers and resources that are crucial to a company's operations. One aspect of supply management, which is frequently called procurement, is buying the material items, information, services, and other resources required for a business to operate and grow.
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