Retail businesses promote objects or services to customers for their consumption, use, or delight. They usually sell items and services in keep but a few gadgets can be bought online or over the telephone and then shipped to the purchaser.
Predominant store means any character, company, or entity (together with its associates, inside the mixture) that had at some stage in the previous 12 months or is predicted to have at some point of the subsequent year revenues from all resources, which includes the net Retailing enterprise, of extra than $500,000,000; and.
A retailer is someone or a business that you purchase items from. outlets normally do not manufacture their own objects. They purchase items from a producer or a wholesaler and promote these goods to purchasers in small portions.
The store sells items directly to the cease-user (the customer) for personal use, and retail transactions are usually small-scale. maximum stores no longer manufacture their own merchandise. outlets buy from wholesalers in quantity and sell those merchandise to the general public as personal units.
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which of the following variables is not involved in the regulation of stroke volume?
Parasympathetic nervous activity is not involved in the regulation of stroke volume.
What factors regulate stroke volume?Preload is a fundamental regulator of stroke volume (the degree to which the ventricles are stretched prior to contracting). Preload and stroke volume will both rise as a result of an increase in the volume or rate of venous return due to the Frank-Starling law of the heart. Three variables influence the stroke volume index: Preload: The pressure the heart fills with blood at the conclusion of diastole. Contractility: The inherent power of the heart's systolic contractions.
The pressure the heart must beat against in order to pump blood during systole is known as the afterload. Social unrest and exercise induced increases in blood volume left ventricular diameter, and ventricular compliance may all contribute to improved diastolic filling, one of the physiological causes that may lead to an increased stroke volume.
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The complete question is:
Which of the following variables is NOT involved in the regulation of stroke volume?
A) ventricular contractility
B) preload
C) parasympathetic nervous activity
D) sympathetic nervous activity
E) afterload
if you're running a video action campaign to drive more conversions in a simple and cost-effective way in a single automated campaign, what extension should you add to your campaign if your goal is to drive online sales?
Extensions to be added to drive online sales are -
1. Lead Forms
2. Location
3. Product Feeds
4. Site Links
G Ads is G's online advertising program. Through G advertisements, you can create online advertisements to reach people exactly when they're interested in the products and services that you offer.
G Promotions is an item that you can use to advance your business, assist with selling items or administrations, bring issues to light, and increment traffic to your site.
G advertisements accounts are managed online, so you can create and change your ad campaign at any time, including your advertisements text, settings, and budget.
There's no minimum spending commitment, and you set and control your own budget. You choose where your ad appears, set a budget that's comfortable for you, and easily measure the impact of your advertisements.
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you purchased 1,000 shares of stock at $35 a share. the stock is currently selling for $39 a share. the initial margin was 70% and the maintenance margin is 30%. what is your current margin position? group of answer choices
Your actual margin position is 73.07%.
Is the margin a cost or a profit?The amount of profit that a business keeps after deducting expenses from sales revenue is known as profit margin. It is more useful to express profit as a percentage of revenue rather than just as a monetary figure when assessing a company's financial health.
Briefing:
The number of shares = 1,000
The price of shares at purchase = $35
The total value of the stock = $35,000 ($35 x 1,000)
Initial margin position = 70% or $24,500 ($35,000 x 70%)
Maintenance margin = 30% or $10,500 ($35,000 x 30%)
Current share price = $39
Current stock value = $39,000 ($39 x 1,000)
Gain in margin position = $4,000 ($39,000 - $35,000)
Total margin position in dollars = $28,500 ($24,500 + $4,000) or ($39,000 - $10,500)
Current margin position in percentage = 73.07% ($28,500/$39,000 x 100)
Broker's margin = 23.33% ($10,500/$45,000 x 100)
Thus, the current margin position is 73.07%.
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you currently have $5,500. first united bank will pay you an annual interest rate of 9, while second national bank will pay you an annual interest rate of 10.1. how many fewer years must you wait for your account value to grow to $14,800 at second national bank?
Time that is needed to pass before your account value at Second National Bank increases to $14,800 is 1.2 years
According to the given information
We use the formula:
A = P(1+r/100)^n
where
A = future value
P = present value
r = rate of interest
n = time period.
First United Bank
14800 = 5500*(1.09)^n
(14800/5500) = (1.09)^n
Taking log on both sides;
log (14800/5500) = n*log 1.09
n = log (14800/5500)/log 1.09
= 11.49 years(Approx)
Second National Bank:
14800 = 5500*(1.101)^n
(14800/5500) = (1.101)^n
Taking log on both sides;
log (14800/5500)=n*log 1.101
n = log (14800/5500)/log 1.101
= 10.29 years (Approx)
Hence
Fewer years to wait
= 11.49-10.29
= 1.2 years (Approx)
Time that is needed to pass before your account value at Second National Bank increases to $14,800 is 1.2 years
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hepburn company bought a copyright for $90,000 on january 1, 2021, at which time the copyright had an estimated useful life of 15 years. on january 5, 2024, the company determined that the copyright would expire at the end of 2029. how much should hepburn record as amortization expense for this copyright for 2024?
Hepburn record as amortization expense for this copyright for 2024 is $12,000
Amortization considers the cost over the life of a long-term asset (such as a computer or vehicle). Also known as depreciation expense, it appears on the company's income statement.
Calculating the problem:Cost of copyright = $90,000
date of purchase = January 1, 2021
Estimated useful life = 15 years
Annual amortization expense = Cost of equipment / Useful life
= 90,000/15
= $6,000
Accumulated amortization expense for 3 years = Annual amortization expense x 3
= 6,000 x 3
= $18,000
Book value of copyright at January 5, 2024 = Cost of copyright - Accumulated amortization expense for 3 years
= 90,000-18,000
= $72,000
On January 5, 2024, it was that copyright will expire at the end of 2029. Hence, remaining useful life of copyright is 6 years.
Accumulated amortization expense for remaining 6 years = Book value of copyright at January 5, 2024/ Remaining useful life
= 72,000/6
= $12,000
What is amortization?Amortization is an accounting technique used to reduce the book value of a loan or intangible asset periodically over a specified period of time. For loans, amortization focuses on the distribution of loan payments over time. Depreciation is similar to depreciation when applied to assets.
Is depreciation a liability or an expense?Depreciation, an accounting concept similar to depreciation, is the gradual reduction of an asset or liability by a specified periodic amount. For assets, the point is to consume the item over the period of time it is expected to be consumed.
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Factoring receivables is beneficial to a seller for all of the following reasons except:
a) Allows firms to receive cash earlier.
b) Passes ownership of the receivables to the factor.
c) There are no fees for factoring.
d) Seller avoids the cost of billing and accounting for receivables.
e) May transfer the risk of bad debts to the factor.
Factoring receivables is beneficial to a seller for all the reasons mentioned above, except for the fact that there are no fees for factoring. Therefore, the option C holds true.
Receivables can be referred to or considered as the total bills or cash which is due to be received by the company, but the amount has not been cleared yet, and is not available directly cash available in the hands of the company. Moreover, when it is factored, it engages the incurring of fees, which is a cost. As this is not a benefit, it is not beneficial with respect to the factoring of receivables.
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If a profit-maximizing monopolist faces a downward-sloping market demand curve, what do we know? ( Its average revenue is less than the price of the product. O Its average revenue equals marginal revenue. O Its marginal revenue equals total revenue. Its marginal revenue is less than the price of the product.
We know that when a profit-maximizing monopolist faces a downhill market demand curve, its marginal revenue is lower than the product's price.
Explain what a market is.
A market is described as the aggregate of all sellers and buyers in the region or area under considering. The area could be the entire planet, or it could be countries, regions, countries, or cities. The value, cost, and cost of items traded in a market are determined by the supply and demand forces.
What, for example, is a market?
Shops, high streets, and websites are some examples. The term also refers to the entire group of people who purchase a product or service. Market-based businesses are usually in contest with other businesses.
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Which of the following is an example of a finite population in a queuing system?
a) People waiting to place their order at a fast food restaurant
b) People waiting in line in a back-office to drink water.
c) People waiting in line in a front-office to drink water.
d) Patients seeking help in a hospital emergency room
e) Taxpayers calling for assistance from the IRS
One example of the a finite population inside a queuing system is the department faculty waiting in line at the copier.
What is population and example?This could be made up of a grouping of persons, objects, occurrences, organizations, etc. Employ populations to draw any conclusions. inhabitants in Figure 1. All the students in a single school might well be considered a population. Each of the pupils who'd been registered at such a specific school at the time the data were being collected would be included.
Why is it called population mean?The population mean is the total group, dispersion, or population's determined average. It is determined by dividing the entire population of factors but by amount of all demographic variables.
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as you approach your project three submission for this course, it is important to think about your strategy for making your presentation to stakeholders. your goal is to make the decision process easier and more efficient for those stakeholders. review the planning a presentation graphic from the hbr guide to persuasive presentations and think about how you will address each aspect of the presentation-development process. in your initial post, focus on the conceiving and visualizing segments and address the following: how are you going to craft your story with your audience in mind? how are you going to illustrate your story and stay relevant?
A good business case will explain the problem, identify all the possible options to address it, and allow decision-makers to decide which course of action will be best for the organization.
By business, what do you mean?A business is an entrepreneurial organization or institution that engages in commercial activity. They may be industrial, commercial, or other types. Businesses that are for profit operate with the intention of making a profit, whereas those that are nonprofit focus on charity purposes.
What are some instances of business?Production, sales, the purchase of real estate, machinery, and other equipment, the purchase of other businesses, the purchase of marketable securities, and getting loans from financial institutions are a few examples. A sufficient cash flow is produced through the proper conduct and management of commercial endeavors.
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suppose the marginal cost of an appointment is $100 and the market is perfectly competitive. answer all of the following questions twice: once considering a market without medical insurance and once considering a market with medical insurance. b. how many physician appointments will the typical patient have each year without and with insurance?
Consider a market where there is perfect competition and the marginal of an interview is $100. A sector without medical insurance is taken into consideration twice, followed by a sector without medical insurance.
How does medical work?Bauer, Ph . d A doctor of osteopathic, or D.O., is a fully qualified and credentialed medical professional. A U.S. osteopath medical school awards a doctor of chiropractic medicines degree. An M.D., or doctor of medicine, is a graduate of a conventional medical school.
Which is better, Medicare or medical?Regardless of income, Medicare covers people over 65 or those who have severe disabilities, whereas Doctor (California's government and subsidized Medicaid program) covers pregnant women and families with really low incomes.
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during the year, a not-for-profit entity received $15,000 in dividends and $12,000 in interest on its investment portfolio. the entity also accrued $3,000 in interest on the portfolio. the increase in fair value of the portfolio during the year was $4,000. how much should the entity report for investment earnings during the year? $31,000.00 $27,000.00 $4,000.00 $0.00
The entity report for investment earnings during the year should be of $31,000. In this case, the not-for-profit entity received $15,000 in dividends and $12,000 in interest on its investment portfolio. It also accrued $3,000 in interest on the portfolio. The increase in fair value of the portfolio during the year was $4,000.
The total amount of investment earnings for the entity should be reported as $31,000. This figure is made up of the $15,000 in dividends, the $12,000 in interest, and the $4,000 increase in the fair value of the portfolio. This figure does not include the $3,000 in accrued interest, as this is not considered income until it is actually received.
Therefore, the not-for-profit entity should report a total investment earnings of $31,000 for the year. This figure will be used to help the entity fund its various activities and initiatives, and it will be reported on the entity’s income statement.
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the baldwin company will sell 100 units (x1000) of capacity from their beetle product line. each unit of capacity is worth $6 plus $4 per automation rating. the baldwin company will sell the capacity for 35% off. how much do they receive when the capacity is sold?
They will receive $22,10,000 when the capacity is sold.
According to the information given,
Total units = 100
Capacity of Units = 1000
Capacity unit Worth = $6
Automation Rating Worth = $4
Capacity sold at Percentage = 35%
Automation Rating = 7.
Therefore,
= ( 6 + 7 × 4 ) = 6 + 28 = 34
The capacity -
= 34 × 100 × 1000 × ( 1 - 35% ) = 3400000 × ( 1 - 0.35 )
= 3400000 × 0.65
= 22,10,000
They will receive $22,10,000.
What is an automation rating?
Automation is an investment that lowers labor cost in producing a product.
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major urban areas are the only places benefitting from the creative economies. group of answer choices true false g
It is TRUE that, major urban areas are the only places benefitting from the creative economies.
People using their imaginations to add value to ideas is the foundation of the creative economy. The phrase was coined by John Howkins in 2001 to characterize economic systems where the traditional resources of capital, labor, and land are not as important as new creative abilities. In contrast to creative industries, which are restricted to particular industries, the term is used to describe creativity across the entire economy.
A creative economy can be assessed in a number of different ways. The same economic indicators, such as producer outputs, consumer spending, employment, and trade, may be used. Value chains, price, and transactional data are other tools used by businesses. Additionally, there are other signs of intellectual property.
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for the questions below, you may assume that agents have convex preferences. 1st attempt part 1 (1 point) according to the second theorem of welfare economics, choose one: a. any pareto efficient allocation is part of a competitive equilibrium. b. any pareto efficient allocation can be achieved by trade, provided that endowments are first appropriately arranged. c. the allocation in a competitive equilibrium is feasible, and there is no other feasible allocation that is a pareto improvement over it. d. the allocation in a competitive equilibrium may be pareto efficient provided that endowments are first appropriately arranged. part 2 (1 point) the second welfare theorem implies that the problems of distribution and efficiency be separated.
The second theorem of welfare economics states that trade can accomplish any pareto optimal allocation as long as endowments are first properly organized.
What are the first welfare theorem's presumptions?First Welfare Economics Fundamental Theorem Assume that every person and company is a self-serving price taker. A competitive equilibrium is Pareto ideal in this case. We concentrate on one straightforward application of the theorem in a pure production economy in order to illustrate it.
The First and Second Welfare Theorem: What Are They?There are two main theorems in welfare economics. The first is that markets with competition produce Pareto-efficient results. The second is that with the right amount of redistribution, social welfare can be maximized at an equilibrium.
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an increase in the price level and a reduction in output would result from a. an increase in government expenditures. b. a decrease in the supply of an important resource. c. a fall in stock prices. d. an increase in taxes.
An increase in the price level and a reduction in output would result from a decrease in the supply of an important resource.
What is price level?The general price level is a fake indication of average prices for a certain group of goods and services (the consumer basket) in a nation or monetary union for a given period of time (typically one day), normalized in regard to a base set. To determine the overall level of prices, a daily price index, frequently the Daily CPI, is utilized. The entire price level may change more than once every day during a hyperinflation. The difference in overall prices between two regions or intervals may be measured if, in fact, a general price level component could be identified.The general price level differs from a price index in that the latter is merely a computation, and many of them will be possible regardless of their significance. The former's existence depends on the classical dichotomy.
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Management control includes all of the following steps except.
Management control includes all of the following steps except A: revising budgets.
After strategies are set and plans are created, management’s basic task is to take steps to ensure that these created plans are carried out. This is the vital control function of management. And since management comprises directing the activities of others, a primary part of the control function is making sure other employees do what they are intended to do. Management control is implemented in order to guard against undesirable actions and encourage desirable actions.
"
Complete question:
Management control includes all of the following steps except A: revising budgets.
a. Revising budgets.
b. Schedule staffing.
c. Delegate work.
d. Monitor progress.
"
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if one of the goals of project management is altered to be more aggressive on a specific project without changing either of the others, what happens to project risk?
There is not enough information to determine the effect on risk. Only one of goals of project management. we get information regarding the project if we get information regarding another project risk too. So option a is correct.
management includes the sports of putting the strategy of an corporation and coordinating the efforts of its employees (or of volunteers) to perform its targets through the application of to be had resources, which includes economic, herbal, technological, and human assets. "Run the commercial enterprise"[1] and "trade the commercial enterprise" are concepts that are used in management to distinguish among the continued transport of goods or offerings and adapting of goods or services to meet the changing needs of customers - see fashion. The time period "management" can also consult with the ones folks who manipulate an organization—managers.
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the sales (in thousands of units) of a new product after it has been on the market for years is given by (a) find as a function of if 4000 units have been sold after 1 year. (b) how many units will saturate this market? (c) how many units will have been sold after 5 years?
Sales The cumulative sales S (in thousands of units) of a new product after it has been on the market for t years are modeled by S = 60(1 − kt).
First, we will put the given equation in front of us:
S = 25(1-e^{kt})
S=25(1−e kt )
A transaction between the customer and the vendor wherein the vendor sells intangible or tangible items, assets, or offerings in opposition to cash is referred to as a sale. Sale is performed among two or extra events. In broader terms, a sale may be is known as a contract between two or more events i.e. the buyer and the vendor.
Sales refer back to the trade of a product, commodity, provider, or delivery for cash. It includes supporting prospective customers or customers by being attentive to them and understanding their wants and desires to discover what they are looking for.
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which of the following actions causes a segmented market to erode? a.differences between segments grow larger. b.new firms reconstruct the industry. c.consumer demand grows. d.the focus strategy is imitated.
New firms reconstruct the industry actions causes a segmented market to erode.
How Information Gives You Competitive Advantage?Our economy is being transformed by the information age. No business can avoid its repercussions. The cost of getting, processing, and delivering information has dramatically decreased, which is altering how we conduct business.
Few general managers contest the revolution's significance, and most are aware that it is already underway. Executives are becoming increasingly conscious that information technology cannot be the sole domain of EDP or IS departments as they devote more and more of their time and financial resources to studying it and its consequences.
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racquet king corporation manufactures titanium and aluminum tennis racquets. racquet king's total overhead costs consist of assembly costs and inspection costs. the following information is available: cost titanium aluminum total cost assembly 500 mach. hours 500 mach. hours $30,000 inspections 350 150 $50,000 2,100 labor hours 1,900 labor hours racquet king is considering switching from one overhead rate based on labor hours to activity-based costing. using activity-based costing, how much assembly cost is assigned to titanium racquets?
Using activity-based costing, the cost of $84,000 is assigned to titanium racquets. So the total overhead costs consist of assembly costs is $84,000.
A corporation is a company—typically a collection of human beings or an organization—authorized by using the kingdom to act as a single entity and identified as such in regulation for sure purposes. Early incorporated entities were hooked up with the aid of the constitution. maximum jurisdictions now permit the introduction of the latest groups via registration.
Calculation:-
assembly cost = 500 mach
inspection cost = $30000
number of labour's = 21000
Total cost = $84000.
A corporation is a felony entity that is separate and wonderful from its owners. Underneath the regulation, groups own a number of the same rights and obligations as people. they could input contracts, loan and borrow cash, sue and be sued, rent personnel, and personal property, and pay taxes.
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in comparison to project g, project a has expected returns and has risk. true or false: a more aggressive firm would prefer a portfolio comprised mostly of projects similar to project d. true false
True - in comparison to project g, project a has expected returns and has risk. true or false: a more aggressive firm would prefer a portfolio comprised mostly of projects similar to project d.
Aggression is overt or covert, often harmful, social interaction with the goal of causing harm or other damage upon some other character; although it is able to be channeled into creative and practical shops for a few.[1] it could arise both reactively or without provocation. In people, aggression can be caused by diverse triggers, from frustration due to blocked desires to feeling disrespected.[2] Human aggression can be categorized into direct and oblique aggression; at the same time as the former is characterized via physical or verbal behavior supposed to cause damage to someone, the latter is characterised by way of conduct meant to harm the social family members of an individual or organization.
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The maximum quantity that an economy can produce, given its existing levels of labor, physical capital, technology, and institutions, is called:a.real GDPb.potential GDPc.aggregate supplyd.aggregate demand
The maximum quantity that an economy can produce, given its existing levels of labour, physical capital, technology, and institutions, is called potential GDP.
What is Potential GDP?
Potential GDP is an estimation of the value of the production that the economy would have created if labour and capital had been engaged at their maximum sustainable rates—that is, rates consistent with stable growth and inflation. Potential GDP is a theoretical construct.
Can GDP potential decline?
The maximum number of products and services that an economy can produce at its peak efficiency, or when it is operating at capacity, is known as potential output. Potential output is frequently referred to as the economy's production capacity. The production gap can move in either a positive or negative direction, similar to how GDP can increase or decrease.
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a. an undisclosed principal. b. an implied principal. c. a disclosed principal. d. a partially disclosed principal.
Implied principal is wrong type of principal as there is no principal called implied principal in types of principal.
The principal is the person who the agent represents. When the agent discloses the name of the principal to the third party, the agent is said to have revealed the principal. If the principal tells the agent not to reveal his or her name to the third party, then the agent must not do so.
In agency law, a disclosed principal is a person who has authorized an agent to enter into contracts on their behalf, but whose identity is disclosed to the other party to the contract. The term is also used in banking, where it refers to a customer who has been disclosed to the bank by their employer.
Hence, the correct option is "D".
The question is incomplete, the complete question is:
Types of principals but which of the following is wrong?
a. Disclosed principal
b. Partially disclosed principal
c. Undisclosed principal
d. Implied principal
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mickey, a limo driver overhears two business executives talking in his back seat about a technological breakthrough at their company. the next day he buys stock in the company. is he in trouble?
Mickey overhears two business executives talking in his back seat about a technological breakthrough at their company. The next day he buys stock. He is in trouble not for insider trading, but likely for misappropriation.
What is Insider trading?
Insider trading is the act of employees who possess material, non-public knowledge about a firm trading in the stock or other securities of that company. Depending on the timing of the trade and the regulations of the country the insider is in, insider trading may be either lawful or criminal.
It refers to the practise of individuals with access to sensitive or important non-public information about a firm trading its securities. Utilizing this exclusive access is regarded as a breach of the person's fiduciary duty.
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what nominal annual rate is equivalent to an effective rate of 16% per year, compounded semi-annually? (hint: find the effective semi-annual rate, and then find the nominal annual rate.)
The effective rate of 16% per year, compounded semi-annually, is equivalent to a nominal annual rate of 15.38%. To find the nominal annual rate, we need to calculate the effective semi-annual rate. The effective semi-annual rate is 16%/2 = 8%.
The nominal annual rate is then (1+8%)^2 - 1 = 15.36%. To find the nominal annual rate, we first found the effective semi-annual rate by dividing the effective annual rate by two. We then used the formula (1+r)^n - 1, where r is the effective semi-annual rate and n is the number of times compounded per year, to calculate the nominal annual rate. The nominal annual rate is therefore 15.36%.
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Which of the following are most likely classified by economists as consumer durable goods?
A. food, clothing
B. drugs, toys, magazines, books
C. automobiles, furniture
D. stocks, bonds
Goods considered by economists to be consumer durables include:
C. automobiles, furniture.What are consumer durables?They are all those merchandise or goods that have a useful life of more than one year, that is, they are durable goods that provide the consumer with a long service flow.
An example of consumer durables are automobiles and houses, but they do not need to be luxury goods to be durable, for example, furniture or chairs are durable.
Durable goods are not consumed quickly, they wear out long after they are used by the person. Non-durable consumer goods, for example, are foodstuffs because they are used quickly and disappear.
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what is the supply chain function that receives inputs from the demand plan to procure materials, equipment, and services?
Procurement is the supply chain function that receives inputs from the demand plan to procure materials, equipment, and services.
The process of organizing the many tasks necessary to create and distribute goods and services to a company's clients is known as supply chain management. The transfer of raw materials from the supplier to the producer to the final delivery to the customer is all included in the supply chain. Designing, farming, manufacturing, packaging, and transportation are a few examples of supply chain operations. A supply chain is the entire process of getting a finished good or service to the client. It may be necessary to obtain raw materials, convey them to the production facility, and then deliver the finished products to a customer.
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Which of the accounts below would be closed by posting a debit to the account? Fees Earned Dividends Miscellaneous Expense Unearned Revenue
Fees Earned would be closed by posting a debit to the account
Are fees earned an asset or equity?In the income statement's top revenue area, under the heading "Fees Earned," is an account for revenue. It includes the money from fees collected over a reporting period. Fees earned are a revenue account in accounting. It raises equity similarly to all revenue accounts.
The designation of the recorded fees as an equity account is unaffected by the normal growth of an asset account, such as cash or accounts receivable, that occurs when fees are recorded. Due to the fact that earned fees are income and all revenue accounts have credit balances, earned fees will always have a credit balance.
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thomas learned that one of the reasons he wasn't promoted to department head was because other managers at the same level knew little about him, whereas the person who was promoted had built relationships and was known to others. this is an example of what source of power?
The person who was promoted had built relationships and was known to others. This is an example of alliances and network power.
What contributes most to an alliance's success?
A strategic alliance may be built on trust, and these connections serve as the cornerstone for developing trust between the people who represent the same two parties to the alliance.
Business relationships include alliances and networks. They focus on your professional network and, like a personal network, strengthen your weaknesses and compensate for your weaknesses.
Therefore, Alliances exist to advance the interests of their members collectively by combining their industrial and financial capabilities to be successful.
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last week, john worked for 40 hours and produced 200 business card boxes. what is the velocity in business card boxes per hour?
The velocity in business card boxes per hour is 5 units , when 200 business boxes are produced.
What is Business Velocity?Sales Velocity is a measure of how quickly prospects move through a company's sales pipeline to generate revenue. It not only reflects the health and productivity of your sales team, but also highlights areas where you can improve your sales process.
Calculating the velocity in business card boxes per hour is :
= No. of business card boxes / No. of hours worked.
No. of business card boxes = 200
No. of hours worked = 40
Applying the above information in the formula we have
= 200 / 40
= 5 units
Thus the velocity in business card boxes per hour is = 5 units per hour
Why is speed important in business?
Business Velocity can make or break a business. This is especially important for startups struggling to get their product to market before others overtake them. So removing roadblocks and setting your team up for productivity is paramount.
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