Kevin has $25,000 in a money market account. = M2. Money market account is grouped under M2 and means a condition where the deposits of many depositors are gathered purposely for investing in viable ventures such as short-term government bonds.
ii. Maria has $8,000 in a two-year certificate of deposit (CD). = M2. A two-year certificate of deposit is classified under M2 and means to account that the depositors are ready to keep in the bank for a particular period and gain a higher interest.
iii. Edison has a roll of quarters that he just withdrew from the bank to do laundry. = M1 and M2. A roll of quarters is currency in circulation. The currency in circulation falls under M1 and M2.
What is an M1 and M2 in economics?In economics, money is refered to as M1 and M2. M1 is made up of currency in circulation, traveler's checks as well as checkable deposits. On the other hand, M2 is made up of all components of M1 and other assets like small time deposits, savings deposits, and money market accounts.
Therefore, the correct answer is as given above
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A food worker needs to thaw
and cook a package of frozen
bacon.
How should the food worker
safely thaw the bacon?
a. Submerge the bacon in a bowl of hot
water
b. Submerge the bacon under cold,
running water
c. Microwave the bacon and put it in the
refrigerator
d. Microwave the bacon and cool it to
room temperature
Answer:
I think the answer is a) Submerge the bacon in a bowl of hot water
Explanation:
I hope this helps.
Here´s more to the answer:
Fill your sink/bowl pretty full with hot tap water. Then add the package of bacon. After about 10 minutes, drain the water and add new hot water. The bacon will probably be defrosted 10 minutes later.
Malibu corporations fiscal year end is December 31 2024 the following is a partial adjusted trial balance as of December 31 calculate the ending balance of retained earnings
If M corporations fiscal year end is December 31 2024. The Ending retained earnings is $43,000.
How to find the Ending retained earnings?1. closing entries
Debit Service Revenue $50,000
Debit Interest Revenue $6,000
Credit Salaries Expense $15,000
Credit Rent Expense $6,000
Credit Advertising Expense $3,000
Credit Depreciating Expense $11,000
Credit Interest Expense $5,000
Credit Income summary $16,000
(50,000+,6000-15,000-6,000-3,000-11,000-5,000)
Debit Income summary 16,000
Credit Retained earnings 16,000
Debit Retained earnings 3,000
Credit Dividend payable 3,000
2. Ending retained earnings
Ending retained earnings = Beginning balance + Net income - dividends
Ending retained earnings =30,000+16,000-3,000
Ending retained earnings =$43,000
Therefore the Ending retained earnings is $43,000.
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The complete question is:
Malibu corporations fiscal year end is December 31 2024 the following is a partial adjusted trial balance as of December 31 calculate the ending balance of retained earnings
Retained Earnings Credit $30,000
Dividends Debit $3,000
Service Revenue Credit $50,000
Interest Revenue Credit $6,000
Salaries Expense $15,000
Rent Expense $6,000
Advertising Expense $3,000
Depreciating Expense $11,000
Interest Expense $5,000
1. Prepare the necessary closing entries.
2. Calculate the ending balance of Retained Earnings.
Question 15
1 pts
What are the common goals of both fiscal and monetary
policy?
The creation of an environment where growth is steady as well as positive and inflation is steady and low is typically the overarching goal of both fiscal and monetary policy.
what are fiscal and monetary policy?
The term "monetary policy" refers to actions taken by the central bank with the intention of influencing the amount of credit and money in an economy. Fiscal policy, on the other hand, refers to the choices made by the government regarding taxation and spending. Fiscal and monetary policies are both used to control economic activity over time. They can be used to either moderate growth and activity whenever an economy starts to overheat or to accelerate growth when it starts to slow. Redistribution of wealth and income can also be achieved through fiscal policy. The creation of an environment where growth is steady and positive and inflation is steady and low is typically the overarching goal both of monetary and fiscal policy.
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h
Module Four Quiz
PRICE
QUANTITY
Bi
Demand
For any level of output above Qg, a buyer values a unit of goods in this market
Suppose now that a firm that produces for this market is able to emit particulate matter into the air surrounding its production facility, harming wildlife
and negatively affecting the breathing of nearby residents. This is an example of
due to
the unit will cost a seller.
0x
3:57 PM
11/19/2022
16
Q
Externality; market failure is the example here.
What is the case here?A situation in which a cost or benefit generated by one person is experienced by or received by a third party is known as an externality.
In this case, pollution brought on by the dumping of chemicals into the river is affecting nearby residents and the local fauna. The costs incurred by the citizens are a result of the firm's operations. An illustration of a negative externality is this.
The price of the company's goods does not include the expense borne by the residents. This is an illustration of a failed market.
Thus, Externality; market failure.
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QUESTION 9
Which of the following statements is false?
O a. When carefully planned and controlled, growth from within can
O b. There is no connection between growth and executive power, pr
O c. The main ingredient for growth is capital.
d. One way for a business to grow is to sell new but related produc
O e. One way for a corporation to grow is to sell present products in
The statement which is completely false is that: B. There is no connection between growth and executive power, prestige, and reputation.
What is a corporation?A corporation can be defined as a corporate organization that has facilities and owns assets that're used for the production of goods and services in at least one country, other than its headquarter which is located in its home country.
The types of corporation power.In the United States of America, the top executive management of a corporation has various powers granted to them by their policy document such as the following:
Express power.Implied power.Executive power.Generally speaking, there exist a great level of connection between the growth, executive power, prestige, and reputation in all corporations around the world.
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Complete Question:
Which of the following statements is false?
A. When carefully planned and controlled, growth from within can have very little adverse effect on a firm.
B. There is no connection between growth and executive power, prestige, and reputation.
C. The main ingredient for growth is capital.
E. One way for a corporation to grow is to sell present products in new geographic locations.
D. One way for a business to grow is to sell new but related products to its existing customer base.
Reese opened his business in February. Due to circumstances beyond his control, it closed in August. What month of this short tax year will serve as the midpoint for purposes of calculating depreciation using the half-year convention?
Reese opened his business in February. Due to circumstances beyond his control, it closed in August. The month of this short tax year that will serve as the midpoint for purposes of calculating depreciation using the half-year convention is: July. (Option D)
What is tax year?For a short tax year, the month of July will be used for depreciation using the midpoint technique. This is because when an asset is acquired throughout the year and used after the second half, July 1 is used to calculate depreciation using the half-year approach. As a result, option d, July, is the right answer.
A fiscal year is used in government accounting, which differs by country, as well as budgeting. Businesses and other organizations also utilize it for financial reporting.
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Full Question:
Jackson opened his business in February. Due to circumstances beyond his control, it closed in August. What month of this short tax year will serve as the midpoint for purposes of calculating depreciation using the half-year convention?
A) April
B) May
C) June
D) July
Can someone help me with this worksheet?
Legacy Cleaning has a debt ratio equal to 80 percent, total assets equal to $650,000, return on assets (ROA) of 4 percent, and total assets turnover equal to 2.0.
If it has no preferred stock, what amount of common equity does Legacy have? Round your answer to the nearest dollar.
$
What is Legacy's net profit margin? Round your asnwer to the nearest whole number.
%
The common equity and net profit margin of legacy are
4,50,000. 2%.What is stock?Generally, The ownership certificates of any firm may be referred to as its stock, which is a broad phrase for the term "stock."
On the other hand, the stock certificate of a certain firm is what is meant when people talk about shares of stock in that company.
You are considered a shareholder in a firm if you own shares in that company. There are two categories of stocks, which are referred to as common and preferred.
The net profit margin, which may also be referred to as the return on sales ratio, is a popular profitability indicator that can be used to evaluate the state of your company's finances.
It is the proportion of sales revenue that remains after all operational expenditures, depreciation, amortization, interest, and taxes on income have been subtracted from total sales revenue.
The Total common stock is given by
= (Total asset (1-debt ratio)
=(t(1-d))
= (75000*0.60)
= 4,50,000.
The Net profit margin is given by
N= (total net profit / total sales)
= (750000*0.6)/(750000*3)
=(45000/2250000)
= 2%.
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why are imports subtracted from GDP?
A. Imports are included in the other demand components of GDP and we want to look at only domestically produced goods.
B. Imports reduce domestic production
C. Imports and exports are irrelevant to GDP
The main reason why imports are subtracted from GDP is because it has been included in the other demand components of GDP and we want to look at only domestically produced goods.
What is an imports?Generally, the term "imports" of goods and services refers to the goods which add to the stock of material resources of a country by entering its economic territory.
In national income, the cogent reason that imports are subtracted in the standard identity is because they have already been included as part of consumption, investment, government spending, and exports. So, if the imports were not subtracted, the GDP would be overstated.
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How can profits (net income) increase while revenue (sales) remains the same?
Answer: operating expenses are elevated for the quarter
Explanation: The net income of a company is the result of a number of calculations, beginning with revenue and encompassing all expenses and income streams for a given period. The sum of income less all expenses is the net income. This includes expenses for the manufacture of products, operating expenses, interest paid on loans or accrued from investments, additional income streams from subsidiary holdings or the sale of assets, depreciation and amortization of assets, taxes, and even one-time payments for unusual events. Net income, also called net profit or net earnings, is a concrete concept. The figure that most comprehensively reflects a business's profitability—and used in publicly traded companies to calculate their earnings per share (EPS)—represents the renowned bottom line of an income statement.
Faruga Company had FUTA taxable payrolls for the four quarters of $38,400; $29,600; $16,500; and $8,900, respectively. What was the amount of Faruga's first required deposit of FUTA taxes?
The initial $42 FUTA tax deposit that Farrugia was obligated to make.
The Federal Unemployment Tax Act is referred to as FUTA. This law's objective is to tax employers who provide wages to their workers so that they may use the money to help the unemployed.
Use a 0.6% Net FUTA tax rate on the first $7,000 in taxable wages, as stated in the question.
Actually, this is in line with the law, which states that only the first $7,000 of each employer's taxable payroll distribution is taken into account for calculating FUTA.
And here Taxable Payrolls given are -
1st Quarter - $38,400
2nd Quarter - $29,600
3rd Quarter - $16,500
4th Quarter - $8,900
Since the taxable payroll reported in each quarter is greater than $7,000, only the fraction of these payrolls up to $7,000 will be considered to determine FUTA.
Amount of the first deposit in accordance with FUTA
= $7,000 x 0.6% (rate given in question)
= $42
Complete question:
Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Faruga Company had FUTA taxable payrolls for the four quarters of $38,400; $29,600; $16,500; and $8,900, respectively. What was the amount of Faruga's first required deposit of FUTA taxes?
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Discuss the purpose of a personal budget and list ten categories of expenses that a young college-graduate might need to include in their personal annual budget.
The main goal of budgeting is to gain a clearer understanding of your financial situation so that you can start planning your spending and saving and taking charge of your finances.
Enlist the contents of personal budget.Making the greatest financial and spending decisions requires using a budget as a tool for organizing, analyzing, and managing your money. The desire to maximize your wealth by using your money wisely and effectively is the major driver behind budgeting.
The following are ten categories of expenses that a recent college graduate may need to account for in their own annual budget:
1. Transportation: Everyone needs to get from point A to point B, regardless of where they live or how they live. Typically, this budget line item covers expenses for gas, maintenance, parking, tolls, ridesharing, registration, and DMV fees.
2. Food Although it is a need for human survival, food is also a line item on the budget for the astute financial manager. It's important to budget for food costs whether you're going to the grocery store, cooking at home, or exploring the local cuisine.
3. Services :
Almost every operating home depends on water, power, and HVAC (heating, ventilation, and air conditioning). You should include all of the costs necessary to maintain these services in your utilities category. Your water, sewer, gas, and electricity bills are typically considered utilities. Households can also take into account their "connectivity" costs, such as their internet, cable, and/or phone bills.
4. Insurance : The insurance budget category heavily reflects your unique, personal preferences. Many frugal people classify insurance according to what exactly they are covering.
5. Health & Medical :
Health, as the saying goes, is riches. It's crucial to allocate enough money in your budget to meet these charges because maintaining your health and general well-being are both important.
6. Investing : This sometimes disregarded (or, dare we say, underfunded?) household budget area is likely the most crucial. Saving money may not have an immediate influence on your day-to-day life, but it can prepare you for future financial success.
7. Personal Expenditures :
Anything that could be categorized as a personal care or "lifestyle" expense falls under this area. Personal expenses might be anything like: gym dues
clothing and footwear
presents for furniture and home decor
You may wish to put personal care items in your food budget category because they are necessities like soap and laundry detergent. After all, you most likely purchase those along with other goods.
8. Entertainment & Recreation :
Under this budget categories there are expenses like :
sports activitiesFamily outings and travelstreaming services and additional memberships (e.g., Hulu and Netflix)9. Miscellaneous :
Finally, anything not included in your fundamental budget categories goes in this category for your household budget. When you need a bit more space somewhere else, you may also utilize it as a "overflow" category.
10. Debt : This group includes things like credit cards, personal loans, and student loans.
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Peter and Wendy are co-owners of the Canadian firm, Tick Tock Airlines. Peter borrows money to build airplanes in Quebec. Wendy borrows money to build airplanes in England. How does this affect the market for loanable funds in Canada? (5 marks)
a. Peter increases the demand for loanable funds.
b. Wendy increases the demand for loanable funds.
c. Peter increases the supply for loanable funds.
d. Wendy increases the supply of loanable funds.
Answer:Conclusion:
The market for loanable funds in Canada to increase the interest rate for Wendy higher than rate of increase found for loanable funds, and it reduces the interests rates for peter which is lower than the rate of increase found in the market for loanable funds.
Explanation:Explanation:
Co-owners of Canadian firm:
Peter and Wendy
Place: Quebec, and Endland
a. Peter increases the demand for loanable funds
b. Wendy increases the demand for loanable funds
Ans)
The increase in the demand for loanable funds on the right side at reduced interest rate. And wendy’s demand for loanable funds increases with the interest rate and interest rate produced is higher for loanable funds (A-y).
c. Peter increases the supply for loanable funds
d. Wendy increases the supply of loanable funds
Ans)
The Supply of loanable funds for wendy, is at the demand followed equals at D. The interest on the loans is calculated at A on x axis. And the supply of loanable funds for Peter is higher at point on demand curve D. The interest rate with the increase of loanable is reduced and the reduction followed is lower than increase found in the loanable funds in the market provided.
Peter and wendy are co-owners of the Canadian Firm, Tick TockAirlines. Peter Increases the supply of the loanable funds and Wendy in turn increases the supply of the loanable funds. Hence options C and D are correct.
What are the loanable funds?The main thing about loanable funds is that it talks about the ways and also the means of understanding the same things in a more precarious also the same way of controlling them. The Loanable funds are given based on the savings bank accounts.
The loanable funds, more importantly, include almost everything starting from bonds, papers of any kind, currencies, and all sorts of monetary transactions that take place. The supply of loanable funds to anyone depends mainly on the ways and also means of the saving account in the bank.
The loanable funds are very important because it helps to cancel out the interest rates also. Hence, options C and D are correct.
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What ethical questions do you think you should ask when you compose material for marketing and outreach?
How would you counter “smears” like these?
Answer:
By adopting appropriate marketing ethics, brands can engage prospects with high credibility, customer loyalty, significant market share, improved brand value, better sales, and better revenue. These ethical practices will place their right towards achieving both short-term and long-term goals with perfection.
A smear campaign, also referred to as a smear tactic or simply a smear, is an effort to damage or call into question someone's reputation, by propounding negative propaganda.[1] It makes use of discrediting tactics.
Intermediate Accounting ll
Answer:
c
Explanation:
What is the PEST analysis in the UAE retail industry?
Answer:
The UAE is one of the richest countries in the world in terms of per capita income. It has made remarkable economic progress over the years and the factors that have mostly contributed to it are abundant natural resources, economic diversification, innovation, and inflow of foreign direct investment (FDI).
Which action should you take if you are in debt?
Decrease your loan payments.
Request wage garnishment.
File for legal bankruptcy.
Stop using credit.
Darius, a site manager for a construction company, learns that a hurricane is headed towards his town. According to Maslow, what will he prioritize first?
- ensuring his construction site is prepared for the storm
- creating plans for how he can be better prepared for storms in the future
- ensuring that he has shelter from the storm when it arrives
- ensuring his insurance policy is in place to reimburse his home for storm damage
- inviting friends to stay with him during the storm
According to Maslow and his hierarchy of needs, Darius, will first ensure that he has shelter from the storm when it arrives.
Who is Maslow?
Maslow's hierarchy of needs is a theory of psychological health based on meeting basic human needs in order of importance, leading to self-actualization. Abraham Harold Maslow (April 1, 1908 – June 8, 1970) was an American psychologist. He is best known for developing this theory. At Columbia University, Brooklyn College, Brandeis University, and the New School for Social Research, Maslow taught psychology. He emphasised the significance of concentrating on a person's positive traits rather than seeing them as a "bag of symptoms." Maslow was the tenth most-cited psychologist of the 20th century, according to a 2002 study in the Review of General Psychology.
A five-tiered model of human wants, frequently shown as hierarchical tiers within a pyramid, makes up Maslow's hierarchy of needs, a motivational theory in psychology.
Biological (food and clothes), safety (work security), love and belonging (friendship), esteem, and self-actualization are the requirements that are listed in order of importance from the bottom of the hierarchy up.
Before people can attend to needs higher up the hierarchy, those lower down must first be met.
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Darius, a site manager for a construction company, learns that a hurricane is headed towards his town. According to Maslow, what will he prioritize first?
- ensuring his construction site is prepared for the storm
- creating plans for how he can be better prepared for storms in the future
- ensuring that he has shelter from the storm when it arrives
- ensuring his insurance policy is in place to reimburse his home for storm damage
- inviting friends to stay with him during the storm
20
Thomas's job is pretty stressful. He lives in France and his job responsibilities include things like coordinating housing assignments for embassy
workers and handing any disputes between the embassy, those who work for the embassy, and French citizens. Now he is preparing for a meeting
with embassy officials from Germany and Italy. What job does Thomas MOST likely have?
O A.
O C.
O D.
diplomat
ambassador
medium
entrepreneur
Thomas most likely to have the job of a diplomat. A diplomat is also somebody authorized to represent their country in diplomatic relations with another sovereign state.
State the differences between an ambassador and a diplomat.A diplomat is an occupation, whereas an ambassador is a rank or title. A minister of the sending nation's highest level is an ambassador. They live in the receiving country and serve as an official messenger and ambassador for the sending nation.
The highest diplomatic position is that of an ambassador, who has precedence above the accredited by the foreign minister chargés d'affaires. Up until the 1960s, when the final legations were raised to embassies, ambassadors had the superior position above envoys. Every diplomat will be assigned to one of the diplomatic ranks (secretary, counselor, minister, ambassador, envoy, or chargé d'affaires) when serving in a foreign country.
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A company bank statment show as $1430 direct debit and $706 investment income not recorded in the cashbook . the bank statement doesnot show customer's cheque for $1750
entered in the cashbook on the last day of the accounting period
If the cashbook shows a credit balance of $1220 what balance appears on the bank statement?
A. $194 overdrawn
B.1254 overdrawn
C.2246 overdrawn
D.3694 overdrawn
Answer: A. $194 withdrawn
Explanation: 1220+ (1430-706)= 1944-1750= -194
How are private and public companies alike
How is the value of a stock determined? By the federal government By specially appointed experts By the forces of supply and demand By the time it has been in existence
The value of a stock is determined by the forces of supply and demand. Thus, option C is correct.
What is stock value?A stock's value is determined by its capacity to increase the investor's return, income, or value. The income with common shares comes in the form of a dividend that the business is not required to pay.
The potential gain is based on projections of the stock's future worth. You would purchase the stock if you were aware that it would likely be worth more in the future than the market price, after accounting for transaction costs, tax implications, and lost opportunities. You would short the stock (borrow it to sell with the intention of buying it back when its price drops) or simply look for another investment if you believed the stock's future value would be lower.
Therefore, we can conclude that option C is correct.
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Scenario 2: What's Your Style?
During his first week on the job, John was eager to learn everything and to know everyone in
his department. He gave his opinion freely in discussions. He worked overtime and did
excellent work. Everyone seemed to like him. One man who had been with the company for a long
time said, "You can't help but like John, but you can tell that he'd leave this department in a second
if it meant getting closer to the top."
Erica started work on the same day as John. Unlike John, however, Erica kept more to herself. She
concentrated on her job and stayed in her area. She made an effort to learn from others and
listened to others in order to understand situations before jumping in with suggestions. One of her
co-workers said, "Erica is a really nice gal. I think she's going to make a strong employee. I like her."
Question: What do you think the future will be like for John? For Erica?
John was eager to learn everything and to know everyone in his department. He gave his opinion freely in discussions. He worked overtime and did excellent work, according to his strategy at work. John was enhanced his experience and skills to get promotion. He used to give opinion feely to get company's profit and he did his honest regarding meeting discussion honestly but without acquire required knowledge before suggesting his decision. He seemed like not strong employee in the future. That's, John strategy at work to do the work.
While, Erica kept more to herself. She concentrated on her job and stayed in her area. She made an effort to learn from others and listened to others in order to understand situations before jumping in with suggestions. Erica tired to get lesson from other, less mistake at her work, enhanced required skills to make her work effective according to her strategy at work planning. She was dedicated and not overwhelmed she would be became strong employee with the time. That's, Erica strategy at work to do the work.
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1. FedEx Corp stock ended the previous year at $103.39 per share. It paid a $0.35 per share dividend last year. It ended last year at $106.69. If you owned 200 shares of FedEx, what was your dollar return and percent return?
Answer:
this is your answer 1234
If demand keeps decreasing for a company, how can they maintain their net income (profits) and avoid it from decreasing?
In order to keep your business functioning at its normal capacity, you will effectively have to take a pay cut if your net profit decreases.
This can have an unfavorable effect on your individual budgets, including your capacity pay your own obligations and keep food on the table.
How are businesses able to continue operating at a loss?If a company loses money, it will not immediately stop making products. However long the misfortune is less by working than by halting creation the firm will keep on delivering despite the fact that it is causing a misfortune; that is, total cost is lower than total revenue, but total variable cost is higher than total revenue.
What is one way that can assist with forestalling misfortunes?Some of the most common and efficient methods for preventing losses are security tools. Shoplifting is detected and criminals are discouraged by security guards, cameras, mirrors, security tags, and sensors. Secure valuable, costly, or frequently stolen items.
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identify and explain two benefits to a company of offering fringe benefits to its managers
Two benefits that a company gets when it offers fringe benefits to managers are:
Higher employee retention rates Motivate managers to work harder What are fringe benefits?Fringe benefits are those benefits that a company offers to its employees that are not part of their salaries. The goal of fringe benefits is to ensure that employees are happier and motivated at their jobs.
Managers with good experience are often in demand and can be stolen by other companies. As a result, offering them fringe benefits has the benefit of making them stay thereby keeping retention rates high.
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why made the menu design
Designing the menu is important as a good restaurant menu design is key to any restaurant's marketing plan. So, while desigining a menu it should express the eatery's personality.
While desigining a menu one should provide a range of options on the menu, which means that by this action you increase the likelihood of customers finding a dish to suit their taste. Thus, by appealing to a broader audience, you improve the odds of customer satisfaction.
Here an effective menu design should communicate the brand, the ambiance, the vision, the food & beverage offerings, and also the overall experience which a guest expects to have. Thus, this is a key to any restaurant's marketing plan.
Hence, a properly designed menu directs the attention of customers.
The given question is incomplete, the complete question is-
Why do we design the menu?
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Being flexible is an important step in meeting deadlines?
Answer:
yes
Explanation:
Intensive care units (ICUs) generally treat the sickest patients in a hospital. ICUs are often the most expensive department in a hospital because of the specialized equipment and extensive training required to be an ICU doctor or nurse. Therefore, it is important to use ICUs as efficiently as possible in a hospital. Suppose that a large-scale study of elderly ICU patients shows that the average length of stay in the ICU is 3.7 days. Assume that this length of stay in the ICU has an exponential distribution. (Round your answers to four decimal places.)
(a) What is the probability that the length of stay in the ICU is one day or less?
(b) What is the probability that the length of stay in the ICU is between two and three days?
(c) What is the probability that the length of stay in the ICU is more than five days?
The probabilities of the Intensive Care Unit stays, using the exponential distribution, are given as follows:
a) One day or less: 0.2368 = 23.68%.
b) Between two and three days: 0.1379 = 13.79%.
c) More than five days: 0.2589 = 25.89%.
Exponential distributionThe exponential probability distribution, with mean given by m, is described by the following equation:
[tex]f(x) = \mu e^{-\mu x}[/tex]
In which [tex]\mu = \frac{1}{m}[/tex] is the decay parameter.
The cumulative probability distribution function is:
[tex]P(X \leq x) = \int\limits^a_0 {f(x)} \, dx[/tex]
Hence:
[tex]P(X \leq x) = 1 - e^{-\mu x}[/tex]
For this problem, the mean and the decay parameter are given, respectively, by:
[tex]m = 3.7, \mu = \frac{1}{3.7}[/tex]
Hence the probability that an ICU stay is of one day or less is of:
[tex]P(X \leq 1) = 1 - e^{-\frac{1}{3.7}} = 0.2368[/tex]
The probability that it is between two and three days is obtained as follows:
[tex]P(X \leq 2) = 1 - e^{-\frac{2}{3.7}} = 0.4176[/tex][tex]P(X \leq 3) = 1 - e^{-\frac{3}{3.7}} = 0.5555[/tex]0.5555 - 0.4176 = 0.1379.
The probability that the stay is more than five days is:
[tex]P(X > 5) = e^{-\frac{5}{3.7}} = 0.2589[/tex]
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Question 12
What are the tools used to implement fiscal policy?
The authorities possesses essential economic gear for influencing the economic system. These gear may be divided into spending gear and sales gear.
The required details for Fiscal coverage in given paragraph
Fiscal coverage" refers to selections the U.S. authorities makes approximately spending and gathering taxes and the way those coverage adjustments have an effect on the economic system. When the authorities makes monetary selections, it has to don't forget the impact the ones selections may have on companies, consumers, overseas markets, and different involved entities. Alternate definition: Fiscal coverage additionally refers back to the financial motive at the back of the selections for a way the cash is used. For example, governments can decrease taxes and lift spending to reinforce the economic system if needed; typically, they spend on infrastructure initiatives that create jobs and earnings and social programs.
Or, if the economic system is doing well, a central authority can lessen spending and boom taxes. Businesses create sufficient jobs at those instances so officers can lessen the quantity spent on items and offerings from the personal sector.
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