Social media provides a great platform for marketers to connect to the the public of all categories that would in turn speed the adoption rate of a new television show.
What benefits do social networking sites provide?Billions of people use social media to communicate and exchange information. You have the freedom to engage with loved ones, discover new information, pursue new interests, and be entertained thanks to social media.
What outcomes does social media produce?However, children's use of social media can also be harmful to them since it can divert their attention, keep them from sleeping, and expose them to peer pressure, rumors, bullying, and unrealistic expectations of other people's life.
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the translates the needs of the organization through chartering the project and defining the project scope to the . project client; project team project manager; project team project manager; project client project team; project client project team; project manager
Project team needs to understand the project because all of these are reasons which is important for project team members to understand project management.
What is project management?Project management is the postulation of procedures, methods, acquisitions, knowledge and experience to accomplish particular project objectives according to the criteria of project acceptance within agreed constants.Project management has final products that are constrained to a finite timescale and budget.The fundamental principle of Project Management are considered universal across most businesses and professions.The basics of Project Management includes: Project induction, Project programing, Project executing, Monitoring and powering of the project, Accommodating and closing of project. It is very important that project managers in various organizations and businesses follow the fundamentals in order to successfully achieve their aim for a project.Moreover, members of the project team need to realise project management because they are required to understand the project scope evidence that defines the objectives and parameters of the project.
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If a comparable property sells for $1,200,000 and the effective gross income of the property is $12,000 per month, the effective gross income multiplier (EGIM) is:
EGIM=Sale Price/EGI
EGIM=1,200,000/(12,000 x 12)
EGIM=8.33
12000 x 12= 144,000
V/ EGI= EGIM ⇒ 1200000/144000= 8.33
What Is Effective Gross Income (EGI)?To make a bid when thinking about buying an existing rental property, you'll need a lot of information. The method of dividing the property's net operating revenue by the cap rate to arrive at the offer price is the most typical.
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Do high-risk or low-risk investment have a higher return potential?.
High-risk investments may provide higher returns than other investments, but they put your money at greater risk. This means that if everything goes as planned, high-risk investments can yield high returns.
What Is the Difference Between Low-Risk and High-Risk Investments?Risk is fundamental to investing; no discussion of returns or performance is complete without mentioning the risk involved. The difficulty for new investors is determining where risk truly lies and what the distinctions between low risk and high risk are.
Given the importance of fundamental risk to investments, many new investors believe it is a well-defined and quantifiable concept. Unfortunately, this is not the case. As strange as it may sound, there is still no real consensus on what "risk" is or how it should be measured.
Volatility has frequently been used as a proxy for risk by academics. To a point, this makes perfect sense. Volatility measures how much a given number can fluctuate over time. The greater the range of possibilities, the more likely it is that some of those possibilities will be negative. Even better, volatility is relatively simple to quantify.
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in which of the following circumstances would the oral modification be enforceable? group of answer choices barry's sport shop calls champion tee shirt company to order 200 designer tee shirts at $2 per shirt. the next day, barry decides he can easily sell 100 more. before the order is filled, barry calls champion to change the order to 300 tee shirts. champion orally accepts the modification, but then champion sends only 200 and refuses to send the additional 100 tee shirts. bob leases an apartment to nancy for 18 months under a written lease. one month later, bob and nancy subsequently agree to shorten the total lease term to 14 months. anthony and christa enter into a contract for anthony to sell a horse to christa for $1,000. before the horse is delivered, christa finds out the horse cannot race any longer, but she still wants the horse. christa calls anthony and they agree to reduce the price for the horse to $400. all of these modifications must be in writing to be enforceable.
No, as Barry does not own a piece of writing that has been signed by Champs Tee Shirts.
Without a written agreement, it may be difficult to tell whether either writing party has complied with the conditions or whether the contract has been canceled. Therefore, the absence of a written contract allows room for misunderstanding by a third party. Therefore, whether it is a writing single individual or a large organization, having the contract in contracts writing is in both parties' best interests to avoid future legal disputes.
A third party would find it easier to comprehend and uphold the terms and conditions of the contract if it were in writing, which is another contracts compelling argument in favor of having the contract written down and signed by both parties.
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jin is an editor and ready to purchase the domain name for his website where he plans to market his services. he wants to be creative with the name, but you caution him about being too clever with what he chooses. what would be his best choice?
As Jin plans to purchase the domain name for his website where he plans to market his services and wants to be creative with the name, but we caution him about being too clever with what he chooses. His best choice will be "wordsmithing.com"
What is a domain name?Basically, a domain name refers to a string that identifies a realm of administrative autonomy, authority or control within the Internet. These domain names are often used to identify a services provided through the Internet such as websites, email services and more.
In 2017, about 330.6 million domain names had been registered. These domain names are used in various networking contexts and for application-specific naming and addressing purposes. In general, its helps identifies a network domain or an Internet Protocol (IP) resource such as a personal computer used to access the Internet or a server computer.
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Which of the following statements make the best argument for why firms should NOT hedge exchange rate risks? Exchange rate risk is irrelevant for multinational companies (MNCs) because an MNC generates cash flows in numerous currencies. The exchange rate movements of many currencies can easily, exactly offset each other. Exchange rate risk is irrelevant because many multinational companies are similarly affected by exchange rate movements. Exchange rate risk is irrelevant because investors can hedge exchange rate risk on their own. Exchange rate risk is irrelevant because stakeholders do not care about the financial distress risk that adverse effects of exchange rate movements may cause. Exchange rate risk is irrelevant because it is extremely difficult to hedge exchange risks profitably,
The statement that gives the best argument for the concern of exchange rate risks is that Exchange rate risk is irrelevant because investors can hedge exchange rate risk on their own, which means that option C should be the right answer.
Exchange rate risk refers to the risk of financial impact that occurs due to exchange rate fluctuations. The minor changes in exchange rates also have a substantial influence on the operations and profitability of the firms. It is because if a company operates on others countries denomination, any changes may risk its financial transactions in another currency. The exchange rate risk generally protects its profits from the market volatility. Businesses involved in overseas trade are the most affected by such fluctuations. The market forces of supply and demand affects foreign exchange.
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While Maytag appliances have the leading brand name, its sales are third in the industry. One of the things the company has done to spur sales is to create a website where potential customers can find the answers to the questions they ask during the appliance purchase process. Although Maytag considered using a strategy by directing customers to Maytag appliance stores it owns, the firm decided against it and simply provides the names and addresses of all the retailers (Sears, Home Depot, etc.) that carry Maytag appliances Multiple Choice O horizontal channel 0 O strategic channel alliance 0 o dual distribution 0 Cross-docking 0 disintermediation
Although Maytag thought about utilizing a disintermediation approach to steer customers to the Maytag appliance stores it owns, the company opted against it and now only lists the names and locations of every merchant that sells Maytag appliances.
Disintermediation refers to the elimination of middlemen or intermediaries from a transaction or supply chain. Brokers, agents, wholesalers, distributors, banks, and other financial institutions are some examples of these intermediaries.
Disintermediation refers to removing middlemen from the distribution chain in order to sell to clients directly. Disintermediation would occur, for instance, if brokers were abolished as a middleman so that a company could interact with and market its shares directly to its possible purchasers.
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agar is a network analyst at bmv, a mobile network. he efficiently manages the network's qos (quality of service) configurations for adjusting the priority a network assigns to various types of transmissions. he ensures timely delivery of the most important traffic while optimizing performance for all users. the management at bmv wants to conduct a pilot test for a new product, and they have requested agar to limit the momentary throughput rate for an interface. analyze which of the following agar should use in this scenario.
If agar works as a network analyst for the mobile network bmv in this case, he or she should use traffic analysis. He effectively manages the network's qos (quality of service) configurations.
Traffic analysis is the process of intercepting and studying messages to find patterns in communication that can be used to infer information. It can be done even when the messages are encrypted. [1] In general, traffic analysis more information may be deduced from a larger number of observed which allow a network to change the priority it gives network analyst different transmission types. messages. Traffic analysis can be used for pattern-of-life analysis, military intelligence, counterintelligence, and computer security. It is also a problem.
Dedicated computer software tools may be used to support traffic network analyst analysis duties. sophisticated traffic analysis methods, which may involve traffic analysis several types of social network analysis.
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Deadweight loss represents the amount of
surplus and
surplus forgone because the monopolistically competitive firm charges a price
higher than the marginal cost.
consumer
producer
Deadweight loss represents the amount of surplus and surplus forgone because the monopolistically competitive firm charges a price higher than the marginal cost is consumer and producer.
Deadweight loss
in economics, deadweight loss refers the cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium.
Given,
Here we need to find the Deadweight loss represents the amount of surplus and surplus forgone because the monopolistically competitive firm charges a price higher than the marginal cost.
Here we must know the definition of the marginal cost in order to find the charges for this one,
The marginal cost refers the change in total production cost that comes from making or producing one additional unit.
So, the major players that take advantage in this process are consumer who will consumes the product that created by the producer.
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what happens when the markets along the industry value chain are too risky and alternatives too costly in time or money?
Vertical Market Failure will arise or occurs while the markets alongside the enterprise or industry value chain are too risky or unstable and alternatives too pricey i.e., costly in time with money.
while transactions inside it are too unstable and the contracts designed to triumph over those dangers are too pricey (or impossible) to write down and administer. The traditional functions of a failed vertical marketplace are a small range of customers and sellers. excessive asset specificity, durability, and intensity and common transactions.
In addition, broader problems that have an effect on all markets—uncertainty, bounded rationality, and opportunism—play a unique component in a failed vertical marketplace. None of those functions, taken individually, always indicates a vertical marketplace failure (VMF), however while they're all present, probabilities are desirable the marketplace has failed
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which of these guidelines should you follow as you prepare report recommendations? check all that apply. do not sensationalize or exaggerate the findings begin each recommendation with a verb provide readers with ideas for implementation include conclusions with your recommendations confirm that your recommendations are the result of logical analysis
Use two to four heads each page as a general rule for brief reports.Avoid using headers excessively.
How should a report's recommendation be written?Use descriptive titles to let the reader know what to expect from each part.Avoid using ambiguous headings and utilizing too many headings.Recommendations must be brief, one phrase long, and begin with an action verb (create, establish, fund, facilitate, coordinate, etc.).They ought to follow the "SMART" format (Specific, Measurable, Attainable, Realistic, Timely).A few phrases of explanation should follow each advice.A recommendation report is created to suggest or recommend the solutions available to address an issue or meet a need.A recommendation report is created to suggest or recommend the solutions on offer to address an issue or meet a need.Comparing choices, recommending one, and endorsing that recommendation are the three main objectives of the report.There are additional concerns in addition to cost, which is always a factor.The format usually comprises of the following: 1) the letterhead with all pertinent contact information, 2) the salutation, 3) the introduction, 4) the overview, 5) the personal story, 6) the conclusion, and 7) your signature.Employment, academic, and character recommendations are the three sorts of letters that can be given.To learn more about report recommendations refer
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at 1,000 units of output, the fixed cost of production is $12,500 per week. total cost of producing 1,000 units per week is $28,500 per week. the variable cost of producing 1,000 units of output per week is equal to .
The variable cost of producing 1,000 units of output per week is equal to 16,500$ when the fixed cost of production is $12,500 per week and total cost of producing 1,000 units per week is $28,500 per week.
What are an example and a variable cost?Variable costs are those that alter as the volume changes. Variable costs include things like raw materials, piece-rate labor, production supplies, commissions, shipping costs, packing costs, and credit card fees. In some accounting accounts, the variable costs of production are referred to as "Cost of Goods Sold."
What are fixed and variable costs?The amount of product generated determines the fluctuation in variable costs. Raw materials, labor, and commissions are examples of variable expenses. Regardless of the level of production, fixed expenses stay constant. Lease and rental payments, insurance, and interest payments are examples of fixed costs.
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the time series competitive efforts section of the competitive intelligence report which provides every company's management team with a means of reviewing how the regional competitive efforts of any company of interest have changed over the years is particularly useful for: group of answer choices identifying which rival companies are your company's closest competitors because their prices, s/q ratings, and models/styles are comparable to those of your company in most every region, if not all regions. obtaining clues about how to achieve lower costs per branded pair sold. identifying the geographic region in which the industry's best-performing company earns the highest operating profit per branded pair sold and then determining what levels of competitive efforts it will take to successfully attack and outcompete this company in this region in the next decision round. determining how many models/styles your company will likely need to offer in each region in the upcoming decision round in order to outcompete rivals on this important competitive factor. drawing conclusions about the levels of competitive effort your company's closest competitors may employ in the year or two ahead and then determining what levels of competitive effort your company may need to employ on these same or other competitively relevant factors to successfully outmaneuver and outperform one or more of them.
In a case whereby the Series Competitive Efforts section of the CIR is particularly useful for drawing conclusions about the levels of competitive effort your company's closest competitors may employ in the year or two ahead and then determining what levels of competitive effort your company may need to employ on these same or other competitively relevant factors to successfully outmaneuver and outperform one or more of them.
What is Business competition?Business competition can bne described as the contest between organizations that can offer similar products as well as services and can as well be seen as those that are targetting the same audience of consumers.
It should be noted that from the question, Competitive Efforts section of the CIR is particularly useful for drawing conclusions.
Therefore, the last option is correct.
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it is important to review the results of decisions because . multiple select question. it is important to make sure that all expected costs occurred feedback is an important component of managerial accounting corrective action may be needed there are likely to be unexpected costs and benefits
It is important to review the results of decisions because :
An essential part of managerial accounting is feedback.There may be unforeseen expenses and advantages.Corrective measures might be required.What is decisions ?The value of decision-making is found in how it aids in selecting one option over another.Before making a choice, it is crucial to gather all the information available and weigh the advantages and disadvantages.It's crucial to concentrate on the steps which guide you in making the best decisions. Identifying decisions, gathering data, and weighing potential solutions are all steps in the decision-making process.By putting pertinent information in order and defining alternatives, a step-by-step judgement process aids in the creation of more deliberate and thoughtful decisions.Choosing to change jobs, relocate, buy or sell a home, end or start a relationship, place a loved one in full-time foster homes, adopt a child, retire, etc. are a few examples.These examples alone can lead to anxiety and confusion.To learn more about decisions from the given link :
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the two broad types of blank are product and institutional. multiple choice question. test markets personal selling advertising public relations
The two primary types of advertising are for products and for institutions. The paid marketing of a good, service, or idea with the intention of influencing one or more individuals is called advertising.
Who are you calling an advertiser?The two major categories of advertising are for products and for institutions. Advertising is the sponsored promotion of a product, service, or concept with the goal of affecting one or more people.
What are the primary goals of advertising ?Advertising has three major goals: to inform consumers about the product or offer, to encourage people to make a purchase or carry out a task, and to recall and reinforce the brand's message.
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Dilution Solutions repurchased 1000 shares of its $1 par value common stock for $5000. The journal entry to record this transaction includes a $5000 _____ to treasury stock.
debit
Dilution Solutions repurchased 1000 shares of its $1 par value common stock for $5000. The journal entry to record this transaction includes a $5000 debit to treasury stock.
The date, the amount to be credited and debited, a brief description of the transaction, and the accounts involved are all included in each journal entry along with other information pertinent to a single business transaction. Depending on the business, it could include a list of the impacted subsidiaries, tax information, and other details.
A form of corporate equity ownership and a kind of security is common stock. Outside of the United States, the words voting share and ordinary share are widely used. In the UK and other Commonwealth nations, they are referred to as equity shares or ordinary shares.
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maria has been told that she should use the performance planner on a monthly basis. why should she do so?
Maria should use the Performance Planner.
Rachel Zegler is a 20-12 months-old Colombian-American actor and singer-songwriter from New Jersey, who will celebrity in Spielberg's upcoming remake of West aspect story and Disney's stay-action take on Snow White. she can make her movie debut within the Bernstein musical as Maria, opposite toddler driving force actor Ansel Elgort as Tony.
Maria is music by way of American rock band Santana proposing the Product G&B, covered on Santana's 18th studio album, Supernatural 1999. The music become written by means of Wyclef Jean, Jerry Wonda Duplessis, Carlos Santana, Karl Perazzo, and Raul Rekow whilst Jean and Duplessis produced it.
Maria is a tune from the 1957 Broadway musical West facet tale, sung by the lead person Tony. The tune became written by Leonard Bernstein and the lyrics by using Stephen Sondheim. The music changed published in 1956. Maria is sung by the male lead Tony while he learns the name of the lady he is fallen in love with is Maria.
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an investor who can set up an arbitrage question 2 options: is taking risk is not earning any positive cash flow is always earning positive cash flow is sometime earning positive cash flow but is never losing money
Cash flow can be either positive or negative. A company has positive cash flow when there is more money coming in than going out. When a company has negative cash flow, it means more money is leaving than is coming in.
To calculate your yearly cash flow, divide your total cash inflows by your total cash outflows. A positive result indicates a positive cash flow, whereas a negative result indicates a negative cash flow. Using the same example, subtract $139,000 from $175,000 to obtain $36,000 in positive annual cash flow.
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True/False. For companies in an unstable or recessionary business environment, training programs focus more on correcting skill deficiencies rather than preparing staff for new assignments.
True, Training aids in boosting retention and lowering turnover. According to a recent survey, 68% of workers believe that the most important company policy is training and development, so leaders must get to know each employee and offer the right training to keep their workforce. In addition, training doesn't stop with onboarding.
The three factors that should be taken into account while developing a training programme do not include transfer of learning.
The ability of an employee to increase business effectiveness and efficiency is referred to as uniqueness. 2.43 Employees with job-based training are probably given less training than those with knowledge-based training. 2.44 Contract workers' training would emphasise teamwork and the sharing of knowledge.
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what social brand monitoring tool allows a firm to capture its brand across most social media sites by monitoring over 100 platforms, isolating relevant keywords and measuring the brand's impact online?
Social Mention allows a firm to capture its brand across most social media sites by monitoring over 100 platforms, isolating relevant keywords and measuring the brand's impact online.
What is Social Mention?Social mentions are posts on social media that make mention of your brand. This includes postings where your company is referenced by name in the caption or tagged in the post.
The amount of mentions of your brand on social media networks during a specific time period, such as a month or quarter, is what is calculated as social media mentions. To keep track of online mentions, an individual can utilize a social media monitoring platform like Mention.com or HootSuite.
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determine which statement below about economics is true. economics studies decision-making processes. macroeconomics studies the decisions of individual consumers and firms. economics predicts what the market will do in the future. as a field of study, economics is pretty much the same around the world.
The statements, economics studies the decision-making process and macroeconomics studies the decisions of individual consumers and firms are true.
What is macroeconomics?Macroeconomics is a branch of economics and it deals with the performance, structure, behaviour, and decision-making of an economy as a whole. For example, to regulate an economy’s growth and stability it uses interest rates, taxes, and government spending.
Macroeconomists study topics such as Gross Domestic Product, unemployment rates, national income, price indices, output, consumption, inflation etc. It is the study of the whole economy, the part of economics concerned with large-scale or general economic factors and how they interact in economies.
The two most general fields in economics are macroeconomics and microeconomics.
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what best summarizes the type of leader future organizations are likely to need? in the future, organizations will need leaders who
In the future, organizations will need leaders who supply both a vision and a moral and ethical foundation for growth.
Leaders need more than just planning to organize and align their teams to achieve their goals. She has to lead her too. Leading means motivating communicating leading encouraging. Middle management is most often involved in strategic planning when using benchmarking and first-level management when using business process reengineering.
A mission statement is a simple statement of why an organization exists and its future goals or functions. Tactical planning helps achieve strategic and operational planning objectives. A tactical plan contains short-term goals and tasks designed to achieve specific results in a limited amount of time.
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Porsche has enhanced power over car buyers because its strong reputation makes their buyers more willing to pay a premium price for their cars. This _____ rivalry, since buyers become ______ price-sensitive.
Lessens; less
Porsche has enhanced power over car buyers because its strong reputation makes their buyers more willing to pay a premium price for their cars. This LESSENS rivalry, since buyers become LESS price-sensitive.
Option A. Lessens; lessThe Impact of Porsche's Reputation on Car Buyers and the Automotive IndustryPorsche has established itself as a leader in the luxury car market, giving it an edge over its competitors. This is because of its strong reputation for quality, performance, and style. As a result, buyers are willing to pay a premium for Porsche cars, which in turn lessens the rivalry between Porsche and other car brands since buyers become less price-sensitive. This allows Porsche to increase its profits and maintain its competitive advantage.
The full answer is:Porsche has enhanced power over car buyers because its strong reputation makes their buyers more willing to pay a premium price for their cars. This _____ rivalry, since buyers become ______ price-sensitive.
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When marginal revenue equals marginal cost profit is at its highest ?.
The additional money that results from raising the amount is known as the marginal revenue. The additional revenue "at the margin" is another name for this. Profit is therefore maximized when marginal cost equals marginal income, or when marginal profit is equal to zero.
It's useful to comprehend how these two numbers interact with one another to calculate marginal revenue: When marginal cost and marginal revenue are equal, your company's production level is at its peak. At this point, efficiency is at its highest point and profits are at their highest point.
To increase its level of production and maximize its profit, the company should do so when marginal revenue and marginal cost are equal. In a market where there is competition, a company's marginal revenue is the extra money it makes if it increases production by one unit.
There is no economic gain in equilibrium because marginal revenue and costs are equal on a marginal basis. The link between marginal revenue and the marginal cost of production enables rational businesses to pinpoint the point at which they can generate the maximum amount of profit. Here, achieving marginal revenue equality over marginal cost is the desired outcome. According to economic theory, a company should increase output until marginal cost and marginal income are equal.
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in which of the following types of control systems would business units be treated as profit centers that must trade resources via economic transactions?
Market control can be treated as profit centres that must trade resources via economic transactions.
What is market control?Market control is an important task of the marketing department and is indispensable for the effective working of the marketing department, achieving marketing objectives in time and continuous development.
If there are mistakes then controlling mechanisms can prevent mistakes from occurring and also help in rectifying mistakes. The different types of market control are annual plan control, profitability control, efficiency control and strategic control.
Market control is the measurement of the company's marketing performance in terms of sales revenue generated, and profit earned.
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Thomason Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.Sales (1,000 units) $ 40,000Variable expenses 30,000Contribution margin 10,000Fixed expenses 7,000Net operating income $ 3,000If the variable cost per unit increases by $1, spending on advertising increases by $2,000, and unit sales increase by 50 units, the net operating income would be closest to:A. $450B. $1,000C. $2,150D. $9,450
The net operating income would be closest to is $450
What is meant by net operating income ?The metric known as Net Operating Income, or NOI, is used by real estate professionals to quickly assess the profitability of a particular project.. After deducting required operational costs, NOI calculates the revenue and profitability of invested real estate property.
Operating income is the company's profit after all expenditures associated with executing its regular business operations have been subtracted from it. The income that is left over after deducting all debts, expenses, new income sources, and operating costs is known as a company's net income.
Given ,
Net operating income is the income a company has left with after deducting for fixed and variable expenses. It is also denoted as EBIT, Earnings before interest and tax.
EBIT = sales - ( variable expenses + fixed expenses )
now,
sales = $40 * (1000 + 50 )units = $42000
variable expense = ($30 + $1)*(1050 units) = $32,550
fixed expenses = $7000 + $2000 = $9000
therefore,
EBIT = $42000 - ($32,550 + $9000) = $450
Therefore the net operating income is $450
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How do information systems improve relationships between businesses and customers?.
A management information system will provide more details about the customers, and with this helpful knowledge of the needs of the customers, management is better positioned to enhance customer service and deliver highly successful promotional and advertising campaigns.
What are advertising campaigns?A marketing communication strategy called an integrated campaign is made up of a number of advertisement messages that are all based on the same topic and theme. A group of people can organize their views, ideas, and beliefs onto an IMC, which serves as a platform for a sizable media base. During a specific time period, advertising campaigns use a variety of media platforms to reach specific audiences. The campaign theme serves as the primary focus of the advertising campaign and serves as the main message that will be communicated through promotional activities. It establishes the tone for the various types of marketing materials that will be used, including individual advertisements and other forms of marketing communication. To achieve a certain goal or a set of goals, advertising campaigns are created.
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Consumer surplus will _____ when a monopolist goes from single-price monopoly to perfect price discrimination. Remain the same increase decrease initially increase and then return to its original level.
Consumer surplus will increase when a monopolist goes from a single-price monopoly to perfect price discrimination. Remain the same increase decrease initially increase and then return to its original level.
Consumer surplus, conjointly known as social surplus and consumer surplus, in economic science, is the distinction between value|the worth|the value} a client pays an item and therefore the price he would be willing to pay instead of doing while not it.
The simplest formula for shrewd buyer surplus is as follows: client Surplus = most value – market value. From there, the enlarged variation of the formula is the following: client Surplus = (1/2) × amount at Equilibrium × (Maximum value – Equilibrium Price)
Consumer surplus is the distinction between the value a client pays for an associate item and therefore the price he/she is willing to obtain the item.
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for calendar year 2021, stuart and pamela gibson file a joint return reflecting agi of $372,000. their itemized deductions are as follows: note: all expenses are before any applicable limitations, unless otherwise noted. casualty loss in a federally declared disaster area (not covered by insurance; before the 10%-of-agi limitation but after the $100 floor)$55,600 home mortgage interest (loan qualifies as acquisition indebtedness)22,240 credit card interest1,112 property taxes on home16,680 charitable contributions30,580 state income tax19,460 tax return preparation fees1,668
The amount of itemized deduction Gibson may claim for the year 2018 is $71,300.
The costs you incurred for state and local income or sales taxes, mortgage interest, real estate taxes, personal property taxes, and disaster losses are all included in itemized deductions. You can also count charitable donations and a portion of your out-of-pocket medical and dental costs.
Allowable casually loss in Federally declared = 48000-(350000*10%)
= $13,600
Disaster area after floor = $19000
Home mortgage interest = $0
Credit card interest = $10000
Local and State tex, capped up to $10,000 in 2018 = $10,000
Charitable contribution = $28700
Tax Return preparation fees = $0
The amount of itemized deduction the Gibson
may claim for the year is
= 13600 + 19000 + 10000 + 10000 + 28700
= $71,300
Therefore, the amount of itemized deduction Gibson may claim for the year 2018 is $71,300.
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Jackson, the purchasing agent of Judd Hardware Wholesalers, has a relative who owns a retail hardware store.Jackson arranged for hardware to be delivered by manufacturers to the retail store on a COD basis thereby enabling hisrelative to buy at Judd’s wholesale prices. Jackson was probably able to accomplish this because of Judd’s poor internalcontrol overa)Purchase orders.b)Purchase requisitions.c)Cash receipts.d)Perpetual inventory records
Jackson arranged for hardware to be delivered by manufacturers to the retail store on a COD basis Judd’s wholesale prices. Jackson was probably able to accomplish this because of Judd’s poor internal control over purchase order.
A purchase order is a commercial document and the first formal offer made by a buyer to a seller that specifies the kinds, amounts, and agreed-upon prices of goods or services. Controlling the purchase of goods and services from outside providers is done with it.
Orders placed through an enterprise resource planning system may require purchase orders. Purchase orders enable buyers and sellers to communicate openly and explicitly while upholding openness. A purchasing agent can use them to manage incoming orders and pending orders.
Purchase orders offer sellers additional protection in the event that a customer declines to pay for the products or services.
Purchase orders are advantageous because they standardize the purchase process and streamline it. financial organisations that lend to businesses.
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