The linear cost function equation for each of the following circumstances is y=$1.8x, where the direct materials cost is $1.80 per pound. Use y to represent estimated costs and X to represent the cost driver activity.
Direct materials cost is that portion of the production cost that is directly related to the cost of the direct materials. Glass is an example of a direct material cost in the production of light bulbs. Material was a crucial direct materials cost component in the production of goods or products. Generally speaking, there are two types for these materials. Direct and linear cost indirect materials make up these groups. Direct materials also go by the names productive materials, raw materials, raw stock, stores, and direct materials cost merely materials when there is no other linear cost descriptive name for them.
If x is direct material, then
b. y=$7, 500\s(Cost is fixed) (Cost is fixed)
c. y=$70+$2x\s(Where x is miles travelled) (Where x is miles driven)
d. y=$900+$11x\s(Where x is coolant usage for each day) (Where x is coolant usage for each day)
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signaling: branding: principal-agent problem franchising price discrimination market segmentation theory of the firm barriers to entry product differentiation economics
Principal-agent problem franchising price discrimination market segmentation theory of the firm barriers to entry product differentiation economics 'signaling: branding:
A franchise fee is a fee paid by one party, called the franchisee, to another party, called the franchisor, for the right to enter into a franchise agreement.
Franchise fees are all costs that a franchisee must pay to the franchisor for using the brand and resources. This may include a large initial payment and a percentage of ongoing earnings. The FTC requires a minimum initial fee of $500 for a franchise agreement to be considered valid.
Franchising (or Franchising) is a method of distributing products or services involving a brand or a franchisor establishing a trade name and business system for the brand and a franchisee paying a license fee and often an initial cost. The right to pay to do business under the franchisor's name and scheme.
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What do you mean by deductible in insurance?.
Deductibles serve two purposes: they help keep your premium expenses down and save the insurance employer money (including the cost of handling small claims administratively).
What are deductibles?The deductible is the sum that must be paid out of pocket by the policyholder before the insurance company would cover any costs. In common parlance, the term "deductible" may be used to refer to any one of a number of clause types that insurance firms employ to establish a payment threshold for policies.
Deductibles are frequently used to discourage consumers from filing as many claims as they could fairly be expected to pay for.
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to ensure that the financial statements articulate, it is important that the projected change in the cash balance on the balance sheet each year agrees with_________
To ensure that the financial statements articulated, it is important that the projected change in the cash balance on the balance sheet each year agrees with the net change in cash on the projected statement of cash flows.
In financial accounting, a balance sheet is a summary of the financial balance of an individual or organization, whether it is a sole proprietorship, partnership, corporation, limited liability company, or other organization such as a government or non-profit organization. Z.
The term balance sheet refers to the financial statements showing the assets, liabilities and equity of a company on a specific date. The balance sheet forms the basis for calculating investor returns and assessing a company's capital structure.
The balance sheet follows the formula Assets = Liabilities + Equity and is always the same on both sides. Both credit and debit balances of company checking and personal accounts are taken into account. Balances correspond to personal accounts and are known as company liabilities.
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Suppose the price of a bag of frozen chicken nuggets decreases from $6.50 to $5.75 and, as a result, the quantity of bags demanded increases from 600 to 800. Using the midpoint method, the price elasticity of demand for frozen chicken nuggets in the given price range is
Price Elasticity of Demand= [(Q2-Q1)/[(Q2+Q1)/2]/[(P2-P1)/[(P2+P1)/2]
=2.33
As the price of a bag of frozen chicken nugget decreases from $6.50 to $5.75, the quantity of bags demanded increases from 600 to 800. Using the midpoint method, its price elasticity of demand is 2.33
Price elasticity of demand measures how sensitive the change in price to the change of demanded quantity.
Using the midpoint method, the formula for price elasticity of demand is:
Price Elasticity of Demand = %change in quantity / %change in price
%change in quantity =( q2 - q1) / [(q1 + q2)/2] x 100%
%change in price =( p2 - p1) / [(p1 + p2)/2] x 100%
Where:
q = quantity
p = price
Data given in the problem,
q2 = 800
q1 = 600
p2 = 5.75
p1 = 6.5
Plug these parameters into the formula:
%change in quantity = (800 - 600) / [(800+600)/2] x 100% = 28.57%
%change in price =(5.75 - 6.5) / [(5.75 + 6.5)/2] x 100% = 12.24%
Price Elasticity of Demand = 28.57% / 12.24% = 2.33
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a loss on disposal of a plant asset is reported in the financial statements question 2 options: in the other revenues and gains section of the income statement. in the other expenses and losses section of the income statement. as a direct increase to the capital account on the balance sheet. as a direct decrease to the capital account on the balance sheet.
A loss on the sale of a plant asset is disclosed in the financial statements (D) in the Other Expenses and Losses column of the income statement.
What are financial statements?Financial statements are documents that describe a company's operations and financial performance.
Government organizations, accounting companies, etc. frequently audit financial statements to guarantee accuracy and for tax, financing, or investing purposes.
Financial statements that must be provided are the income statement, balance sheet, and statement of cash flows.
These three statements can be used by traders as educational tools to assess a company's financial health and to quickly determine its underlying value.
The income statement's Other Expenses and Losses column is where a loss on the sale of a plant asset is disclosed in the financial statements.
Therefore, a loss on the sale of a plant asset is disclosed in the financial statements (D) in the Other Expenses and Losses column of the income statement.
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Correct question:
A loss on disposal of a plant asset is reported in the financial statements
A) as a direct increase to the capital account on the balance sheet.
B) in the Other Revenues and Gains section of the income statement.
C) as a direct decrease to the capital account on the balance sheet.
D) in the Other Expenses and Losses section of the income statement.
the issue of____is reflected in the correlation between the number of sunny days in the year and the gains in the new york stock exchange a) practical significance; b) artifact correlations; c) error; d) covariance; e) statistical significance
The issue of _statistical significance_ is reflected in the correlation between the number of sunny days in the year and the gains in the new york stock exchange.
A stock exchange helps the stock brokers to trade company stocks and other securities. A stock may be bought or sold only if it is listed on an exchange. Therefore, it is the meeting place of the stock buyers and sellers.
Here, the issue of statistical significance is reflected in the correlation between the number of sunny days in the year and the gains in the new york stock exchange since it has co relations and thus it relfects the same.
Therefore, the correct option is (E).
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Which sustainability approach suggests that products and services should be designed to completely close the production loop, so that all resources needed to produce them are recycled and reused rather than discarded or left to pollute?
The cradle-to-cradle design sustainability approach suggests that products and services should be designed to completely close the production loop so that all resources needed to produce them are recycled and reused rather than discarded or left to pollute.
Stakeholder theory is an associate degree understanding of how business works that: takes under consideration all recognizable interest holders. Sustainable Production is the creation of products and services with victimization processes and systems that are: Non-polluting. protective of energy and natural resources.
The figure at the highest of this page suggests that there are unit 3 pillars of property – economic viability, environmental protection, and social equity.
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The sustainability approach that suggests products and services should be designed to completely close the production loop, recycling and reusing all resources needed to produce them, is known as the "circular economy" or "circularity."
In a circular economy, the traditional linear model of "take-make-dispose" is transformed into a closed-loop system. The goal is to minimize waste, reduce resource consumption, and maximize the lifespan of products and materials. Instead of discarding or polluting resources at the end of their life cycle, they are recovered, regenerated, and reintroduced into the production process.
This approach promotes strategies such as recycling, remanufacturing, repairing, and refurbishing to extend the life of products and materials. It also encourages the use of renewable energy sources, sustainable materials, and efficient production processes to minimize environmental impact.
The circular economy aims to create a sustainable and regenerative system where waste is minimized, resources are conserved, and economic growth is decoupled from resource consumption and environmental degradation. It emphasizes the importance of designing products with the end in mind and fostering collaboration among various stakeholders to create a more sustainable future.
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How do you claim a scratch off ticket in Florida?.
Simply place the winning ticket(s), a Winner Claim Form, and also the documentation mentioned under the "Required Documentation" section in a wrapper and drop it off at Florida Lottery Headquarters or any district office to claim a prize via drop-off.
What is scratch off ticket in Florida?The top prize on the $50 game, 500X THE CASH, is $25 million, the largest ever offered on a Florida scratch-off game. The overall odds of winning the game are 1 in 4.50. The top prize on the $50 game, 500X THE CASH, is $25 million, the largest ever offered on a Florida scratch-off game.The Florida Lottery has launched its newest $30 scratch-off game, FLORIDA 300X THE CASH, with four top prizes of $15 million. The tickets also include 28 prizes ranging from $1 million to $15 million. A unique bonus round in which players can win $100, $200, or $500.To learn more about scratch off card refer to :
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Quon decides to sell his antique roadster, so he places an ad on Craigslist. He lists the roadster as a 1957 Mercedes Benz 300SL Roadster, describes it as in good working condition, and states that no reasonable price will be refused. Fern responds to the ad and offers to pay $25,000 to Quon for the car, which Quon agrees to. In this scenario, who is the offeror?
Neither party is the offeror because there is no agreement to specific terms.
Quon is the offeror.
Fern is the offeror.
Quon was the original offeror, but Fern becomes the offeror when she offers $25,000.
Ellen offers to sell her 1997 Mustang convertible to Fred for $2,000. Fred agrees to pay $2,000 for Ellen’s Mustang. Before Fred picks up the Mustang, Ellen discovers that the Mustang is considered a classic car and is worth much more than $2,000. Ellen refuses to sell the Mustang to Fred, stating that the consideration is insufficient. If Fred tries to enforce the deal by taking Ellen to court:
the court would probably enforce the deal because there was valid consideration on both sides.
the court would not enforce the deal because $2,000 is too low to be valid consideration.
the court would probably enforce the deal because the amount of consideration is never an issue.
the court would probably not enforce the deal because there is no consideration flowing from Ellen to Fred.
Assessment question
Alfred is having trouble with his car so he visits his friend Glen, who is a mechanic, for some free advice. Alfred asks Glen just to look at the car and determine what is wrong, but not to fix it. Glen looks at the car, determines the problem, and repairs the car using parts and materials he already had in his garage. Alfred takes the car out for a test drive, and it performs better than it ever has. Alfred tells Glen that because Glen fixed his car, when Alfred gets paid again he will buy Glen the new torque wrench that Glen has been wanting. A week later, Glen asks Alfred about the torque wrench, and Alfred tells Glen that he has changed his mind. If Glen sues Alfred to enforce his promise to buy Glen the torque wrench:
Glen will win because consideration flowed from each party, and therefore a valid contract was formed.
Alfred will win because the contract between Glen and Alfred was not in writing, and therefore not valid.
Glen will win because all the elements required for a valid contract are present.
Alfred will win because the act of repairing Alfred’s car is past consideration, and therefore no valid contract was formed.
Fern since he says "offer" to sell his antique roadster, so he places an ad on Craigslist. He lists the roadster as a 1957 Mercedes Benz 300SL Roadster,
Although the term is frequently used imprecisely to describe any object that is old, an antique is a piece that is perceived to have value due to its aesthetic or historical significance and is typically defined as at least 100 years old. A thing considered to have value because of its aesthetic appeal or historical significance is called an antique (Latin: antiquus; "old" or "ancient"). If you have something to offer, you have a trait or skill that makes you significant, alluring, or advantageous. Discover everything this amazing city has to offer in your free time. Offer is defined as "to present or proffer (something, someone, oneself, etc.) for acceptance or rejection" in the full dictionary.
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suppose a government increases the money supply. as a result , there is a surge in the demand of goods as consumers rush to speed their extra money
Demand shift left is the demand of goods as the consumers rush to speed their extra money.
What is demand shift?Following a change in an underlying determinant of demand, the position of the demand curve will move to the left or right. A movement to the right in the demand curve indicates increases in demand. Numerous reasons, such as an increase in income, an increase in the cost of a substitute, or a decrease in the cost of a complement, could be to blame for this. A rightward shift in demand results in a rise in the quantity sought at every price. On the other hand, demand can decline and move to the left of the demand curve for a variety of reasons, such as a decline in income, the assumption that the good is a typical good, a decrease in the price of the substitute, and an increase in the price of the supplement.
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Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that______ at the optimal quantity for each firm. Furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium is________ the minimum average total cost.
P=ATC, greater than
If "P=ATC" at the optimal amount for each firm is present in a monopolistically competitive market, it is in long-run equilibrium. Additionally, the average total cost "exceeds" its minimum average total cost.
Define the term monopolistically competitive market?When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition exists.
A monopolistic competitive market has minimal entry requirements, and decisions made by any one firm do not immediately affect those of its rivals.Monopoly firm is a sort of market structure in which numerous businesses are present in a given sector and make comparable but distinctive goods. None of the businesses has a monopoly, and they all run their own businesses without taking into account what other businesses are doing.For the stated question-
Because this market is monopolistically competitive, "P=ATC" at the best quantity for each business indicates that this is in long-run equilibrium.Likewise, in long-run equilibrium, the average total cost of a monopolistically competitive enterprise is "higher than" its minimum average total cost.To know more about the monopolistically competitive market, here
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a leader in a rigid, bureaucratic culture is more likely to be inspirational, influential, considerate, and intellectually stimulating than a leader in a flexible, adaptive organizational culture.
The following statement "A leader in a rigid, bureaucratic culture is more likely to be inspirational, influential, considerate, and intellectually stimulating than a leader in a flexible, adaptive organizational culture" is false.
A formal organizational structure is known as having a bureaucratic culture if its members share distinctive attitudes, values, beliefs, orientations, and feelings.
The four main features of bureaucracies are a distinct hierarchy, specialization, a division of labor, and a system of written rules, or standard operating procedures.
To guarantee effective governance and service delivery, bureaucratic organizations also maintain rigid command and control systems round-the-clock. Bureaucracies, in theory, are well-organized, impartial, and extremely effective. This is one of the main benefits and drawbacks of bureaucracy.
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cross country delivery service is owned and operated by pedro gonzalez. the following selected transactions were completed by cross country delivery service during may: indicate the effect of each transaction on the accounting equation elements (assets, liabilities, owner's equity). also indicate the specific item within the accounting equation element that is affected. to illustrate, the answer to (1) follows: (1) asset (cash) increases by $25,050; owner's equity (pedro gonzalez, capital) increases by $25,050. element item direction 1. received cash from owner as additional investment, $25,050. asset owner's equity cash pedro gonzalez, capital increases increases 2. paid advertising expense, $6,750. 3. purchased supplies on account, $2,920. 4. billed customers for delivery services on account, $20,460. 5. received cash from customers on account,
Increases net worth by $25,050. Capital increases by $25,050. Cash received from owner as additional investment, $25,050.
What is Active debt?An active debt is a financial dispute you have established with the government. Defaults can happen to businesses, but it is common for individuals to take on high-interest, long-term debt, which impacts their overall financial planning. An active debt is a financial dispute you have established with the government. Defaults can happen to businesses, but it is common for individuals to take on long-term, high-interest debt, which impacts their overall financial planning.Common to This post specifically discusses active debt.Capital Increases Increases, Paid advertising expense, $6,750. Decrease in asset advertising expense Decrease in owner's. Purchased equipment, $2,920. Decrease in asset equipment. Account, $20,460. Valid Accounts Receivable 5 Cash received from the customer on the account, $11,410. Active debt increases.
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Producers can be encouraged to internalize external costs by:
a. imposing emission charges but not pollution fines
b. reducing user fees
c. altering market incentives but not through regulatory intervention
d. imposing pollution fines or higher user fees
Producers can be encouraged to internalize external costs by d. imposing pollution fines or higher user fees.
In the field of business, those prices associated with a product that is not included in the market value of the product is referred to as external costs.
Many producers tend to inflict those external costs of a product on the government. They look for methods by which the external costs are not internalized so that they do not have to generate revenue for the external costs.
However, producers can be encouraged to internalize the external costs in various ways such as inflicting fine upon them for any pollution that they cause and also imposing a higher user fee if they are using more than a reserved value or a raw material.
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1. What could Ray Kroc have done better when originally going into business with the McDonald brothers?
2. What mistakes did Ray Kroc make when originally selling his franchises?
It is on history that the Mcdonald's brothers were cheated by Ray Kroc. This perhaps was one of the very few flaws in his beginning as he build the Mcdonald's franchise. He could have grown with them or at least "fought" fairly.
The mistake Ray Kroc did when he originally started selling his franchise is that the system was set up to be an unprofitable business.
How did Ray Kroc solve the above problem?Ray built his first McDonald's in the Chicago neighborhood of Des Plaines in April 1955. He utilized the immaculately clean and efficient restaurant to sell McDonald's franchises to the rest of the country.
Ray would receive 1.9 percent of gross sales for each franchise he sold. He would give the McDonalds a half-share of it. Kroc sold 18 franchises in his first year in operation, but was surprised to see that he was barely making enough money to pay his expenditures.
In his rush to obtain the rights to the Mcdonald's processes, he had made them an unbeatable offer. Unfortunately, he was unable to profit from the transaction.
Then Kroc met Harry Sonnenborne, a financial genius who taught Kroc how to earn money by selling real estate rather than hamburgers. Kroc established a business to buy or lease the property on which all McDonald's restaurants would be built under Sonnenborne's design.
Franchisees then paid Kroc a fixed monthly fee or a percentage of their sales, whichever was larger. Kroc has assured a profit by controlling the property on which the franchises were built rather than merely the franchisees themselves. With his real-estate strategy in place, Kroc went out to achieve his aim of building 1,000 McDonald's around the country.
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one challenge to successful erp implementation is the cost and disruption associated with upgrades when
one challenge to successful ERP implementation is the cost and disruption associated with upgrades when multiple other systems must be integrated with the enterprise system.
An ERP system integrates many business functions such as financial management, human resources, sales, and manufacturing to provide benefits such as increased productivity and efficiency. ERP implementation refers to the process of designing, configuring, and deploying an ERP system. ERP software is used by businesses to manage day-to-day operations such as accounting, procurement, project management, risk management and compliance, and supply chain associated. The following three key activities are critical to the success of an ERP implementation: Project management is responsible for planning and carrying out a detailed system implementation and vendor oversight plan.
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mirabile corporation uses activity-based costing to compute product margins. overhead costs have already been allocated to the company's three activity cost pools--processing, supervising, and other. the costs in those activity cost pools appear below:
Product margin of the product M5 is $9,332.
What is a products margin?Sales less cost of goods sold equals margin, often known as gross margin.
Net sales are reduced by the cost of goods sold (COGS) (gross revenues minus returns, allowances, and discounts). To determine the gross profit margin as a percentage, divide this sum by net sales.
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Processing= 5,945/14,500= $0.41 per machine hour
Supervising= 19,680/800= $24.6 per batch
Product M5:
Processing= 0.41*800= $328
Supervising= 24.6*400= $9,840
Finally, the total cost and the product margin:
Total cost= 32,300 + 42,600 + (328 + 9,840)
Total cost= $85,068
Product margin= 94,400 - 85,068
Product margin= $9,332
complete Question :
Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below:
Processing $ 5,945
Supervising $ 19,680
Other $ 11,300
Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below:
MHs (Processing) Batches (Supervising)
Product M0 13,700 400
Product M5 800 400
Total 14,500 800
Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins.
Product M0 Product M5
Sales (total) $ 81,800 $ 94,400
Direct materials (total)$ 29,400 $ 32,300
Direct labor (total) $ 28,700 $ 42,600
What is the product margin for Product M5 under activity-based costing?
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d) if the central bank would like to reverse the effect on the nominal interest rate caused by the change in the money supply in part c, what open market operation should the central bank take? explain.
An increase in reverse Repo fees induces banks to switch extra budget to the primary financial institutions and reduces banks' capacity to create credit. Open marketplace Operations refer to shopping for and promoting presidency securities by using primary banks from/to public and industrial banks.
The RBI expenses the repo fee while industrial banks borrow price range by means of leveraging securities. The reverse repo charge is the rate at which banks earn hobby once they park surplus funds with the RBI. The repo fee allows management inflation, and the reverse repo price increases liquidity.
A reverse repurchase settlement carried out by means of the desk, also known as an “opposite repo” or “RRP,” is a transaction in which the table sells a security to an eligible counterparty with an agreement to repurchase that identical safety at a particular fee at a particular time in the future.
Reverse Repo price cut impact: on every occasion RBI comes to a decision to reduce the reverse repo charge, banks earn less on their extra money deposited with the Reserve bank of India. This leads the banks to make investments of extra money in more lucrative avenues such as cash markets which increases the general liquidity available within the financial system.
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who bears most of the cost of paying the corporate income tax? the cost is borne by the top 1% of income earners. the chief financial officer. the board of directors. shareholders and bondholders.
The wealthiest 1% of people pay the price. shareholders, bondholders, the board of directors, and the chief financial officer. Pro forma enterprise tax is levied on corporations with paid-in capital of more than 100 million yen.
Unexpectedly, a larger group of workers and investors as well as stockholders share the burden. Although they are not the only ones, shareholders contribute to the cost of corporate income taxes. The top 50% of earners and the bottom 50% of earners are the only two groups of taxpayers that are broken down by IRS data.
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given the information below for seger corporation, compute the expected share price at the end of 2020 using price ratio analysis. assume that the historical (arithmetic) average growth rates will remain the same for 2020.
Ratio analysis is the investigation or evaluation of the things included in the company's financial statements.
What Is Ratio Analysis? The study or analysis of the line items included in the company's financial accounts is referred to as ratio analysis. It can be used to evaluate a number of business-related aspects, including efficiency, profitability, liquidity, and solvency.Since financial statements are the main source of information for external analysts, ratio analysis is mostly carried out by them.The analysts heavily rely on the past and present financial statements to gather crucial information for analyzing the company's financial performance. It is possible to tell whether a company's financial situation is getting better or worse using the data or information gathered during the analysis.To Learn more About ratio analysis refer to:
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which of the following will you select as x in the following series of clicks to change the chart layout for lines or bars that you want to change: chart > chart tools > layout tab > x > layout option for any lines or bars that you want to add or change?
Insert Pie or Doughnut Chart.To make page setup changes, on the Print Preview tab, in the Print group, click Page Setup.
Where can you adjust Page Layout settings and see how they affect a preview of the printed worksheet?Word.Insert > Chart is selected.Double-click the desired pie chart after selecting Pie.Replace the placeholder data in the spreadsheet that appears with your own data.Choose the information that will be plotted in the doughnut chart.Select "Other Charts" from the Charts group under the Insert tab.Select Doughnut by clicking under it.While the donut graph guides the reader's eye around the arcs of the circle and tends to generate more of a story, the pie graph delivers a strong and instant impression of overall proportions.The ability to display additional data at the graph's center is one benefit of the doughnut graph.To learn more about Page Layout refer
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if a firm is evaluating two possible projects, both of which require the use of the same production facilities, and taking one project means that we cannot take the other, these projects would be considered blank .
If a company is evaluating two possible projects, both of which require the use of the same type of production facilities, and taking one project means that they cannot take the other, these projects would be considered mutually exclusive.
Mutually exclusive projects are referred to as those capital projects which compete directly with each other. For instance, if a company has to make a choice strictly between undertaking either project A or B, but not both of them concurrently, then projects A and B are said to be mutually exclusive.
It can be stated as if the company pursues project A, then it cannot pursue project B at the same time and vice versa.
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as of december 31, bayer, inc., agrees to provide a bonus of $50,000 to its employees (to be equally shared by all). the bonus will be paid in january.
Employee bonus payment is 50,000 and employee bonus expense is 50,000; the bonus will be paid in January.
An employee is what?Employees are those who are paid to do tasks for another individual or company. Workers just need to be paid by an employer in order to be deemed employees; they do not need to work full-time (the person or business that pays them).
Give instances that illustrate who an employee is.Employees include, for instance, salespeople at retail locations .The worker is seen as an employee since they are required to do activities in a given way, such wearing name badges and greeting customers in a certain way.
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The price elasticity of demand for tickets to local baseball games is estimated to be equal to 0.89. In order to boost ticket revenues, an economist would advise:
increasing the price of game tickets because demand is inelastic
Tickets to regional baseball games are thought to have a price elasticity of demand of 0.89. An economist might recommend raising the price of game tickets since demand is inelastic in order to increase ticket income.
By dividing the percentage change in quantity demanded by the percentage change in price, the price elasticity of demand, also known as price responsiveness, assesses how sensitive changes in price are to changes in quantity demanded.
The product is said to have unit (or unitary) price elasticity if the change in quantity purchased is equal to the change in price, for example, 10% 10% = 1.
The above question is incomplete, the complete question is:
The price elasticity of demand for tickets to local baseball games is estimated to be equal to 0.89. In order to boost ticket revenues, an economist would advise:
a. increasing the price of game tickets because demand is inelastic.
b. not changing the price of game tickets because demand is unit elastic.
c. increasing the price of game tickets because demand is elastic.
d. decreasing the price of game tickets because demand is elastic.
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for this discussion assignment you have been tasked by your organization's leadership to determine if they should hire an outside third party to perform a vulnerability assessment or a penetration test. leadership is unsure as to which one is most appropriate for the organization at this time and is asking for your input. they also want your input on how to scope the test and how they will be able to measure success.
Penetration testing, also known as pentesting, describes procedures, equipment, and services created and put into use with the aim of detecting security flaws and simulating attacks and data breaches. You can perform a pentest on a single computer, an entire network, or a web application.
Why is Security Penetration Testing Important?Penetration testing aims to break into a system of a company to find security flaws. During the test, security teams should be informed if the system is sufficiently secure. Otherwise, the system is deemed to be at risk. Therefore, penetration testing can help to enhance information security procedures.The best way to evaluate an organization's defenses is through a "blind" penetration test, in which the security and operations teams are kept in the dark. Even if internal teams are aware of the test, it can still serve as a security exercise to assess how people, tools, and security procedures interact in actual circumstances. Penetration testing is typically unstructured and inventive. For instance, while one test might employ a brute force attack, another test might target company executives using spear phishing. Because skilled attackers will employ the same abilities and creativity to find the organization's security weaknesses, this creativity is crucial.Penetration testing also has the advantage of being carried out by outside contractors, making it possible to choose how much information about internal systems should be made public. A penetration test can simulate an external attacker who is unfamiliar with the internal network or an authorized insider.To Learn more About Penetration testing refer to:
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select the two characteristics of advertising. multiple select question. it is nonpersonal communication. it is a paid form of communication. it contains a customized message. it typically has an immediate feedback loop.
In marketing, the two characteristics of advertising includes:
It is a paid form of communication.It is nonpersonal communication.What is the benefit of advertising?Basically, an advertising refers to the techniques and practices used to bring products, services, opinions, or causes to public notice for the purpose of persuading the public to respond in a certain way toward what is advertised.
Most of the advertising technique involves promoting a good that is for sale, but similar methods are used to encourage people to drive safely, to support various charities or to vote for political candidates, among many other examples.
In most countries, an advertising is the most important source of income for the media (for example, newspapers, magazines, or television stations) through which it is conducted. In noncommunist world, an advertising has become a large and important service industry.
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shell gas stations use an image of a yellow and red seashell on its signs. in marketing terms, what does this represent for shell?
As shell gas stations use an image of a yellow and red seashell on its signs. In marketing terms, this does represent for a brand mark for shell.
What is a brand mark?Basically, a brand mark means a symbol, mark or image representing a brand and helps instantly identify a specific company. A brand marks normally visually conveys the company's feeling, message, or meaning to audiences by stripping away letters, words and all text from a logo.
Furthermore, a brand identity isn't just about some visual assets, rather, It is about conveying your company's idea, the thing your brand stands for. A brand colors, fonts, and even logos are just tools that help the firm communicate their message and reach out to your target audience.
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The LaGrange Corporation had the following budgeted sales for the first half of the current year:
Cash Sales Credit Sales
January $ 90,000 $ 190,000
February $ 95,000 $ 210,000
March $ 30,000 $ 170,000
April $ 25,000 $ 110,000
May $ 35,000 $ 240,000
June $ 120,000 $ 40,000
The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled:
Collections on sales:
50% in month of sale
40% in month following sale
10% in second month following sale
The accounts receivable balance on January 1 of the current year was $65,000, of which $50,000 represents uncollected December sales and $15,000 represents uncollected November sales.
What is the budgeted accounts receivable balance on May 31?
The budgeted accounts receivable balance on May 31 will be $131,000.
A budget account refers to a customer account with a retailer that lets the customer to produce regular monthly payments to cover past and future purchases. The budgeted accounts receivable is calculated by add the sum of budgeted sales.
Percentage of may sales is founded by add percentage in month following sale and percentage in second month following sale
= 40% + 10% = 50%
To determine the budget accounts receivable balance on May 31, we can calculate use this formula:
Budgeted accounts receivable balance on May 31 = 10% of April sales + 50% of May sales
= (10% x 110,000) + (50% x 240,000)
= 11,000 + 120,000
= 131,000
Thus, the budgeted accounts receivable balance on May 31 will be $131,000.
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What are the negative effects of international trade agreements?.
FTAs may expose a nation to difficulties like local job insecurity, the deterioration of its natural resources, and the end of its traditional ways of life. The advantages of free trade agreements for a country's economy must be weighed against any negative effects.
Furthermore, increased commerce often results in a larger global manufacturing scale, which increases the likelihood of an increase in pollution and environmental harm. Additionally, trade necessitates the use of energy for transportation, with associated environmental effects such as air pollution.
There are two negative aspects. FTAs risk reducing rather than enhancing economic well-being if they are not put up within the proper framework of policy.
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in the late 1800s, an increased demand for raw materials and a desire for new markets contributed to the united states adopting a policy of
The United States adopted an A/imperialist policy in the late 1800s because to rising need for raw commodities and a desire for new markets.The use of force to extend our influence into other areas is known as imperialism.
For instance, the United States used this policy during that time to conquer Hawaii, Guam, and the Philippines.Since more factories could be built as a result of the establishment of railroads, this resulted in a “increase in the demand for raw materials.”Rail transportation involves using wheeled vehicles that run over rails, sometimes known as tracks, to convey people and cargo. It frequently refers to train transportation. Railroads also helped to lower the cost of products. Because food was inexpensively and widely available, the population increased. Because of these accomplishments, the Industrial Revolution as a whole was altered. Because the necessity for train components and rails was so crucial, factories blossomed.
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