A benefit derived from the creation of an information system that can be measured in dollars and with certainty is a tangible benefit. A gain that results from the development of an information system that is certain and quantifiable in terms of money.
Reduced personnel costs, lower transaction costs, or improved business margins are some examples of tangible benefits. information system is simple to quantify all concrete advantages. Both concrete and intangible advantages exist. Cash flow, cash income, and cost reduction would be considered the common tangible benefits. The tangible benefits, which include the performance, profitability, and quality of the derived products, are directly measurable.
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in an economy, out of 221.6 million potential workers, 180.65 million are employed. if the labor force in the economy is 200.5 million, calculate: a) the number of unemployed workers b) the unemployment rate c) the labor force participation rate d) the number of potential workers who are not a part of the labor force
Answer:
3456
Explanation:
Design an algorithm to convert a decimal number, n, to binary format
merchandise, gift certificates, and travel are the most frequently used incentives for recognition awards. True or False
Merchandise, gift certificates, and travel are the most frequently used incentives for recognition awards. - False
A delivery certificates is a crucial report that documents the start of a person. The time period "birth certificate" can confer with either the unique record certifying the circumstances of the start or to a licensed reproduction of or representation of the following registration of that delivery. depending on the jurisdiction, a report of birth would possibly or might not include verification of the occasion with the aid of together with a midwife or health practitioner. The United nations Sustainable improvement goal 17, an fundamental a part of the 2030 schedule, has a target to growth the well timed availability of information concerning age, gender, race, ethnicity, and other relevant characteristics.
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Your company sells 19 units at a price of $10 and must change price to $9. 90 in order to sell 20 units. What is the marginal revenue of the twentieth unit?.
The marginal revenue of the twentieth unit is $8.00. Thus, option A is correct.
What is marginal revenue?The volume of productivity and also the pricing per unit of an item that should maximize shareholder value are determined by economic metrics such as the costs of manufacturing as well as the contribution margin ratio.
The company produces 19 units for $10, but in order to sell 20 units, the price must be reduced to $9.90.
The initial price that is consumed will be
= 19 units * $10
= 190
The new price that is taken will be
= 20 units * $9. 90
= 198
The change in the price will be
= 198 - 190
= $8
Therefore, option A is the correct option.
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The question is incomplete, the complete question will be:
$8.00
-$.10
$9.90
$198.00
assume dell computer company operates in a perfectly competitive market producing 5,000 computers per day. at this output level, price exceeds this firm's marginal cost. to maximize profits, dell should .
The Dell should increase their outputs. An organization or company is a market producer if most or all of its output is sold. The creation of goods for one's own final consumption or gross fixed capital formation is a fully acceptable kind of non-market output for market producers.
Including small unincorporated company and huge corporations. Prices for commodities and other services are set by the market. Supply and demand dictate these rates. Demand is produced by buyers When supply and demand are balanced, market producer attempt to achieve some level of price equilibrium. The idea behind production. According to this theory, buyers like readily available and reasonably priced goods.
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O Search result Should a petrol station owner be allowed to charge Rupees 500 a litter, if his store is the only store with petrol
If the store is the only store with petrol, the petrol owner should not do this as this is dishonest business practice. Thus the correct option is C.
What is the importance of ethics in business?As defining appropriate behavior outside the scope of governmental regulation, business practices strengthen the law. People follow ethical principles when they tell the truth, maintain their commitment, or assist a stranger as It controls people's conduct.
In the given case, it is asked that a petrol station owner be allowed to charge Rupees 500 a litter if his store is the only store with petrol is against the business ethics as having a single owner should exploit the consumers according to the business ethics principles.
Therefore, option C is appropriate.
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The complete question is Probably
A.
Yes, if the person is not a regular customer
B.
Yes, this is honest business practice.
C.
No, this is dishonest business practices
D.
It depends on how long he has been in business.
if the rate on one-year t-bills currently is 6 percent, what is the repayment probability for each of the following two securities? assume that if the loan is defaulted, no payments are expected. what is the market-determined risk premium for the corresponding probability of default for each security? a. one-year aa rated bond yielding 9.5 percent? b. one-year bb rated bond yielding 13.5 percent?
the market-determined risk premium for the corresponding probability of a One-year AA-rated bond yielding 9.5 percent is 3.5%
the market-determined risk premium for the corresponding probability of a One-year BB-rated bond yielding 13.5 percent is 7.5%
Probability is a way to express how likely something is to happen in terms of a percentage. By dividing the total number of events by the number of favorable events, the probability is computed.
Probability is equal to the sum of the positive and negative events.
Possible values:
Bonds with an AA rating yield 9.5%.
Bonds with a BBB rating yield 13.5%.
Rate = 6%
a. The likelihood of repayment is determined as follows:
Probability of Repayment = (1 + Rate) / (1 + AA - Rated bond yielding)
P = (1 + 6%) / (1 + 9.5)
P = (1 + 0.06) / (1 + 0.095)
P = 1.06 / 1.095
Probability of Repayment = 0.968 or 96.8%
The following formula is used to compute the market risk premium:
Bond yielding at an AA rating minus the risk premium determined by the market
Risk premium as decided by the market = 9.5% - 6%
Risk premium as decided by the market = 0.095 – 0.06
Risk premium as determined by the market: 0.035 or 3.5%
b. The likelihood of repayment is determined as follows:
Probability of Repayment = (1 + Rate) / (1 + AA - Rated bond yielding)
P = (1 + 6%) / (1 + 13.5)
P = (1 + 0.06) / (1 + 0.135)
P = 1.06 / 1.135
Probability of Repayment = 0.9339 or 93.39%
The following formula is used to compute the market risk premium:
Bond yielding at a BB rating minus the risk premium determined by the market
Risk premium as decided by the market = 13.5% - 6%
Risk premium as decided by the market = 0.135 – 0.06
Risk premium as assessed by the market = 0.075 or 7.5%
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the manner in which a particular appeal is converted into an advertising message presented to a consumer is known as the
The manner in which a particular appeal is converted into an advertising message presented to a consumer is known as creative execution.
Write a short note on advertising.The strategies used to promote a product or service are referred to as advertising. Advertising aims to draw consumers' attention by emphasizing a product or service. Although there are many other uses as well, commercial advertising is the most common. It is frequently used to promote a certain commodity or service.
Commercial advertising typically aims to increase consumption of their products or services by "branding," which associates a product name or image with certain features in consumers' thoughts. On the other hand, commercials that are meant to result in an immediate sale are referred to as direct-response advertisements. Governmental organizations, political parties, interest groups, and religious institutions are a few examples of non-commercial organizations that focus more on self-promotion than promotion of goods or services for consumers.
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a party to a contract can unilaterally assign c) obligations and benefits. a) liabilities but not rights. d) rights but not liabilities. b) obligations but not benefits. e) rights as well as liabilities
It is recommended to select option (e). A party to a contract has the unrestricted right to its rights and obligations.
A unilateral contract is what?In contrast to the more typical bilateral contract, a unilateral contract is a sort of agreement where one party (also known as the offeror) makes an offer to another individual, business, or the general public.
An illustration would be a pledge to provide a certain amount of money to a good cause. This is gratuitous since the charity does not do anything to earn the money; it is unilateral because it places a legal responsibility on only one individual (the donor).
Is it possible to unilaterally assign a contract?A commercial contract's parties frequently want to assign their duties or rights to a third party. There are some significant exceptions to the general rule, even though it generally allows the unilateral assignment or delegation of contractual rights and responsibilities.
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evaluating a message refers to the process of critically analyzing a message to determine its truthfulness, utility, and trustworthiness. group of answer choices true false
Evaluating a message of the speaker refers to the process of critically analyzing a message to determine its truthfulness, utility, and trustworthiness. This statement is TRUE.
Usually, when we go to a speaking event, it's to hear the speaker's message. We are there specifically because the message has significance for us. This may be a lesson from one of your favorite professors or a speech of inspiration from a well-known public speaker. Analyzing the speaker's thoughts is another technique to assess a message's validity. A strong speaker will back up his arguments. The speaker's belief in a thriving real estate market may be supported by a few local real estate specialists. The message becomes more credible if this occurs.
Put the speaker's arguments to the test by locating evidence to back up the statements as soon as possible. To find out how the speaker actually gathered his facts and information, you must conduct research.
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on march 31, 2024, a company sells $1,200 of gift cards to customers. the gift cards expire one year from the date of sale. what entry should the company record on march 31, 2024?
Debit Cash, $1,200; credit Deferred Revenue, $1,200 this entry should be the company record on march 31, 2024.
A company is a felony entity fashioned by way of a collection of individuals to engage in and perform an enterprise—industrial or industrial—business enterprise. A corporation may be organized in various approaches for tax and economic legal responsibility functions relying on the corporate regulation of its jurisdiction.
Top corporations have leaders who might be decisive in relation to steering the corporation's path. They understand how to construct sturdy relationships and offer open communique with their employees. They motivate their group and maintain everybody to excessive standards of duty and responsibility.
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quantitative problem: 5 years ago, barton industries issued 25-year noncallable, semiannual bonds with a $1,000 face value and an 11% coupon, semiannual payment ($55 payment every 6 months). the bonds currently sell for $844.87. if the firm's marginal tax rate is 25%, what is the firm's after-tax cost of debt? do not round intermediate calculations. round your answer to two decimal places.
Using a financial calculator, enter the following input data: N = 20 × 2 = 40; PV = -845.87; PMT = 0.06/2 × 2,000 = 60; and FV = 2,000. Then, solve for YTM/2 = I/YR = 7.6700%. So, YTM = rd = 2 × 7.6700% = 15.3400%.
The firm's marginal tax rate is 40%, so the after-tax cost of debt, rd(1 - T) = 0.153400 × (1 - 0.4) = 0.092000 = 9.2%.
A tax is a mandatory fee or economic rate levied through any government on an individual or an agency to accumulate revenue for public works providing excellent facilities and infrastructure. The collected fund is then used to fund unique public expenditure applications.
Amassing taxes and charges is an essential manner for international locations to generate public sales that make it viable to finance investments in human capital, infrastructure, and the supply of services for residents and organizations
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By 2018, industries that are projected to represent 12 percent of the U.S. overall domestic product are _____.
By 2018, industries that are projected to represent 12 percent of the U.S. overall domestic product are
finance industryinsurance industryWhat is an industry?An industry is a collection of businesses that are connected by their main lines of activity. There are numerous categories of industries in contemporary economies. Sectors are generally used to combine together bigger groups of industry classifications.
Typically, a company's major revenue sources determine what industry it belongs to. For instance, even if a carmaker may have a financing segment that contributes 10% to the company's overall earnings, most classification systems would place the business in the automaker category.
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an industry spy from firm a comes to firm b and offers to pay b in exchange for b's certain and enforceable promise to not invest. what is the most that firm a will be willing to pay b to not invest?
Firm b accepts a payment offer from an industry snitch from firm an in exchange for b's guaranteed and enforceable promise not to invest. Firm a will pay firm b to refrain from making a $50 million investment.
A promise or set of promises is referred to as a contract if the law recognizes a duty to perform them or if there is a legal remedy for their breach. A contract is created whenever one or both parties express a legally binding promise through their words or actions.
To invest implies to put (money) into financial plans, stocks, real estate, or a business initiative in the hope of making a profit. It follows that investing has positive effects on the economy. Investors finance the creation of new assets and distribution networks as well as jobs.
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a(n) contract is a type of contract in which the sale itself is contingent on approval; it can either be a sale-on-approval contract or a sale-or-return contract.
A conditional sales contract is a type of contract whereby the sale itself is contingent on approval; it can either be a sale-or-return contract or a sale-on-approval contract.
A conditional sale is referred to as a sale where the buyer receives possession of and the right to use certain products and goods; however, the title remains with the seller until the performance of a condition is met by the purchaser. Under the contract of conditional sales, ownership does not pass to the purchaser of the goods and products until a specific condition is met or after a certain time period. Typically, this condition is the purchaser's full payment of the purchase price. An installment contract is a conditional sale.
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wald corp. allows its employees to purchase shares at a 10% discount. during the current month, employees purchased 1,000 shares for $22.50 per share. wald should recognize compensation expense of
Wald should recognize share based compensation of $2400 on 1000 shares .
What is share based compensation ?
The practice of providing employees with shares of company stock in addition to their cash wages (salaries and bonuses) is known as stock-based compensation, sometimes known as equity- or share-based pay. Employees are typically given stock options or restricted stock as compensation.
Companies can use stock options as a form of pay for their staff. Employees holding stock options should be aware of whether their shares are fully vested and will continue to hold their value even if they leave their position with the company. Even if the employee received equity pay, if the stock is subject to tax holding, the tax must be paid in cash since tax repercussions dependent on the actual market value of the stock.
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if nominal income increases by 4 percent and the price level increases by 3 percent, real income must:
Real Income must increase by 1.33 percent.
Real income is nominal income that has been adjusted for inflation. It represents a person's position in the context of purchasing items the standard of living. It has an impact on everyone's purchasing process.
The amount by which the money growth rate increases immediately adjusts nominal income growth. With the potential rate of output growth remaining constant, the long-run inflation rate will rise in tandem with the higher rate of money supply growth.
Real Income = Nominal Income/Price level
Real Income = 4/3
Real Income = 1.33
A one point three three percent increase in real income is required.
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what do these images reveal about the impact of technological changes on agriculture and manufacturing?
Consumer goods of all kinds, both agricultural and manufactured, proliferated because of new technologies. Advances in technology created new efficiencies that led to increased production and ultimately higher profits.
Agriculture or farming is the practice of cultivating flora and livestock. Agriculture became the key improvement in the upward push of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to stay in cities. The records of agriculture began thousands of years in the past.
Agriculture is the exercise of cultivating natural resources to maintain human existence and provide a monetary advantage. It combines the creativity, creativeness, and skill concerned in planting crops and raising animals with cutting-edge manufacturing strategies and new technology.
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kinsey corporation issues $100,000 of 8% bonds, due in 25 years, when the market rate of interest is 9%. interest is paid semiannually on june 30 and december 31. the issue price of the bonds is:
The $100,000 8% bonds from Kinsey Corporation have a 25-year maturity and a 9% market interest rate. Interest is paid twice a year on June 30 and December 31. The issue price of the bond is $90,119.
What does the term "bond issuance" mean?Governments and businesses issue bonds when they need to raise capital. In essence, you are making a loan to the issuer when you buy a bond. In return, they agree to repay you the full amount of the loan on a specific date and to pay you interest on a regular basis (typically twice a year).
In the given question,
Face value= $100,000
Interest rate= 8%
Since interest is paid semi-annually, its value is
Interest= 100000 X [tex]\frac{8}{100}[/tex] X [tex]\frac{6}{12}[/tex] = 4000
Market interest rate = 9%
Time = 25 years
Annuity factor's current value= [tex]\frac{1- (1+r)^{-n} }{r}[/tex]
= [tex]\frac{1- (1+0.045)^{-50} }{0.045}[/tex]
=19.7620089
Present value factor= [tex]\frac{1}{(1+r)^{n} }[/tex]
= [tex]\frac{1}{(1+0.045)^{50} }[/tex]
= 0.11070965
Bond value is calculated as follows:
= (Present annuity factor value X interest payment) + (present value factor × face value)
= (19.7620089 X 4000) + (0.11070965 X 100000)
= 90,119 (approx)
The bonds have a $90,119 issue price.
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a worksheet is a a. part of the general ledger b. permanent accounting record c. required part of the accounting cycle d. device used in preparing financial statements
D) A worksheet is a tool utilized in making ready economic statements.
What's a worksheet?A worksheet, withinside the word's unique meaning, is a sheet of paper on which one plays paintings. They are available in many forms, maximum typically related to kids' college painting assignments, tax forms, and accounting or different commercial enterprise environments. Software is an increasing number of taking up the paper-primarily based totally worksheet.
It may be a broadcast web page that a baby completes with a writing instrument. No different substances are needed. It is "a sheet of paper on which paintings schedules, operating time, unique instructions, etc. are recorded.
A piece or scrap of paper on which problems, ideas, or the like, are set down withinside the tentative form." In accounting, a worksheet is, or was, a sheet of dominated paper with rows and columns on which an accountant should file data or carry out calculations. These are frequently known as columnar pads and are normally green-tinted.
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southwest airlines sends an email to frequent-flier customers offering a special low price between selected cities if the plane ticket is purchased within the next four days. this is an example of
The type of promotion used by Southwest Airlines to send emails to frequent-flier customers on low prices, is an example of Direct marketing.
What is direct marketing?Direct marketing, as the term implies, is a method of communication and promotion where a company communicates directly with the customers or potential customers about products that are on offer.
The action by Southwest Airlines is an example of direct marketing because Southwest Airlines communicated directly with its frequent-flier customers via their emails.
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if a payment is made before products are shipped, an importer may be concerned about blank . (choose the two that apply.) multiple select question. insufficient funds in the account not receiving the product receiving a defective product receiving the product too quickly
if a payment is made before products are shipped, an importer may be concerned about not receiving and receiving a defective product.
Any resources, products, or services manufacturers offer consumers in another country are considered imports. CBP provides advice for novice importers, including those who have just begun importing or want to learn more about the procedure.
You purchase goods from a foreign vendor as an importer. You are their final customer. For your own use, you may import. For instance, you might need certain raw materials or semi-finished products from abroad if you manufacture goods.
When a package is marked as "shipped," it has already been placed onto a truck and is on its way to the last distribution point. Accordingly, the package can be anywhere between the origin and the destination terminals.
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true or false: there are only two basic types of businesses: service businesses and manufacturing businesses.
There are only two basic types of businesses: service businesses and manufacturing businesses, it is false.
What are two basic types of businesses?The following are the two basic types of businesses:
Sole proprietorship - A sole proprietorship, also known as a sole tradership, individual entrepreneurship, or proprietorship, is a form of business owned and operated by a single person with no legal distinction between the owner and the business organization. A solo trader may not always work alone and may hire others.Partnerships - A partnership is an agreement in which two or more people, known as business partners, agree to work together to further their shared interests. Individuals, businesses, interest-based organizations, schools, governments, or combinations can form partnerships.To learn more about businesses, click
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behavioral economists have discovered that people view a 2% decrease in their income without inflation as unfair but a 3% increase in their income in the presence of 5% inflation as fair. a. what are the nominal and real rates of change in their incomes?
-2% are the nominal and real rates of change in their incomes. The sum of the real interest rate and the anticipated rate of inflation is referred to as the nominal interest rate.
We should mention that the real interest rate is determined as follows based on the information provided in the question:
Inflation rate - nominal interest rate
The true interest rate in this scenario will then
be:
= 3%-5%
= -2%
Real income change is -2%.
Nominal income change = 3%
The propensity of the money illusion is what causes people to believe that the salary reduction is unfair. This simply means that one considers of money in nominal terms, which is in its far value form, rather than in terms of its purchasing power, or in real terms.
A real interest rate indicates the true return on a bond and a loan (to the lender) (to the investor). The nominal interest rate is the amount that banks, debt issuers, and investment companies advertise for loans and different types of investments.
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What trade-offs do consumers face when buying a product from a monopolistically competitive firm?.
When purchasing a good from a monopolistically competitive company, consumers must choose between paying more than the marginal cost and having more options that suit their preferences.
Monopolistic competition occurs when numerous companies offer comparable but subpar alternatives to each other's goods or services. The barriers to entry are low in monopolistic competitive industries, and decisions made by one firm do not immediately affect those of its competitors.
The characteristics of a monopolistic market are as follows:
Profits are maximized with only one source and blocked access and exit.
exclusive exclusion from product pricing
Monopolies offer the advantage of ensuring a constant supply of a product that is too expensive to be sold in a market with competition. A few negatives of monopolies include price-fixing, inferior products, a lack of incentive for innovation, and cost-push inflation.
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the expected return on hilo stock is 15.00 percent while the expected return on the market is 13.2 percent. the beta of hilo is 1.35. what is the risk-free rate of return?
The risk-free rate of return is 8.06%
Expected return = Risk-free rate + beta x market premium
15% = Rf+1.35×(13.2% - Rf)
Rf = 8.06%
The risk-free rate of return, sometimes known as the "risk-free rate," is the rate of return on an imaginary investment with predetermined payments made over a predetermined period of time that is assumed to satisfy all financial commitments.
Any other investment with some risk will need to have a greater rate of return in order to persuade investors to hold it since the risk-free rate can be acquired with no risk.
Market investors frequently use the yield to maturity on a risk-free bond issued by a government of the same currency, whose risks of default are so minimal as to be negligible, in practice, to deduce the risk-free interest rate in a given currency.
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a stock broker allocated $100,000 to an account earning 4% per year compounded continuously. if no withdrawals are made, how much was in the account at the end of four years? round the answer to nearest dollar.
$100,000 was allocated by a stockbroker to a portfolio yielding 4% annually compounded. If no withdrawals are taken, there will be $117,352 left in the account after four years.
Given a certain rate of return, present value (PV) is the current value of a future financial asset or stream of cash flows. A discount rate or the interest rate that could be obtained through investment is applied to the future value to get the present value.
According to the continuously compounded interest formula,
FV = PV [tex]e^{it}[/tex]
Here,
Present Investment Value, or PV
the interest rate, I
T = time in years
So,
In light of the specified
PV = $ 100,000
I = 4% = 0.04
t = 4 years
Hence
FV stands for "Final Investment Value"
Then,
FV = 100,000 * e⁰.⁰⁴ˣ⁴
FV = 100,000*e⁰.¹⁶
FV = 100,000 * 1.173510871
FV = 117351.0871
FV = 117351
Hence
The balance in the account after four years was = $117,352
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in order to determine product costs, jit firms are usually structured so they can use a. variable costing. b. process costing. c. joint costing. d. job-order costing.
In order to determine product costs, Jit firms are usually structured so they can use job-order costing.
In a process accounting system, what kinds of costs are typically present?average prices based on weight. In this version, it is presumed that all costs, whether current or from a previous time, be combined and allocated to generated units.
Standard prices. Based on typical prices, this variant.
Costing from first-in, first-out (FIFO).
Which of the following doesn't a process costing system employ?Heterogeneous products exist. Heterogeneous products are distinct items, thus process costing does not apply to them.
With a big number of uniform products, what kind of costing method performs the best?A company that manufactures homogeneous goods on a large scale would use process costing to calculate the amount of money spent on each individual process over a specific time period, whereas companies that deal in distinctive, heterogeneous goods would use job costing to calculate the cost of each individual unit manufactured.
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suppose reggie's business grows, and he expands his workshop and hires three additional carpenters to help him. what source documents will he need now?
Cultural imperatives are the customs of a nation that a business owner must comprehend and adjust to in order to succeed in that nation’s market.
Some cultural requirements, like the formality and rigid work culture of Japan, may be desirable, but others, like the widespread practise of bribery, may be seen as unfavourable or even illegal.Reggie, who is now in his mid-fifties, can Expect to go through some adjustments, such a progressive testosterone decline, water loss (and will require more water to drink), and a decrease in muscle size Reggie can deal with these problems.By consuming more water, exercising with weights, and using supplements.Reggie is worried about the particular form of business custom known as cultural imperatives.The customs of a country that a business owner must understand and adapt to in order to flourish in that country’s market are known as cultural imperatives. Others, like the pervasive practise of bribery, may be viewed as unfavourable or even illegal. Some cultural requirements, like the formality and rigid work culture of Japan, may be desirable.
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memphis company anticipates total sales for april, may, and june of $850,000, $950,000, and $1,000,000 respectively. cash sales are normally 20% of total sales. of the credit sales, 40% are collected in the same month as the sale, 55% are collected during the first month after the sale, and the remaining 5% are not collected. compute the amount of cash received from credit sales during the month of may.
The sales during the month of May amount to 1,90,000$ , according to the given figures.
What do you mean by sales?A sale is an arrangement in which a seller trades money for the sale of tangible or intangible goods, assets, or services between a buyer and a seller. In a sale, there are usually two or more parties involved. One can think of a sale or a contract between two or more parties, such as the buyer and seller.
What occurs during a sale?A sales process is a set of repeatable steps that a salesperson employs to move a potential customer from a state of awareness to a closed sale. The typical five to seven steps in a sales process are prospecting, preparation, approach, presentation, handling of objections, closing, and follow-up.
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in 1930, the united states passed the smoot-hawley tariff act, which raised tariffs on imported goods an average of 60 percent. other countries retaliated with similar tariffs and world output declined. the effect of the decline in foreign output on the u.s. aggregate demand curve can be shown by a movement from:
The Smoot-Hawley Act almost doubled import tariffs from outside to the United States. At least 25 nations in response raised their own import taxes on American products. The Great Depression had negative consequences on trade all throughout the world.
What role did tariffs play in the Great Depression?
The cost of manufactured and agricultural items increased due to this levy. Trade with foreign and European countries was finally destroyed by the imposition of this levy. Due to the high tariffs and lack of trade partners, this hurts the American economy and makes the Great Depression worse. The tax resulted in an average 20–25% price rise for imported manufactured items. Imports were overpriced, which encouraged Americans to buy domestically produced goods.
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