true or false 1. consideration is a requirement for contracts to be enforceable, unless the parties agree otherwise in writing.

Southwest Airlines' no frills, no meals strategy in the late 1960s represents a strategic action because it involved a refinement of an existing strategy.

The no meals strategy in the late 1960s represents a strategic action because it involved a refinement of an existing strategy. The major carriers at the time were focused on providing luxurious amenities to attract customers, which resulted in high prices.

Southwest Airlines recognized this gap in the market and strategically positioned itself as a low-cost alternative, which would attract budget-conscious customers who were not interested in the added luxuries.
By refining their existing strategy to remove the frills and meals, Southwest Airlines was able to drastically reduce its costs and offer lower fares, making it an attractive option for customers who wanted to save money. This strategic action enabled Southwest Airlines to differentiate itself from the major carriers and gain a competitive advantage in the market.
While the no-frills strategy may seem like a tactical action, it was actually a strategic move because it was a deliberate decision that involved a significant change in the company's business model.

It required a rethinking of how Southwest Airlines would operate and market itself, which ultimately paved the way for its success in the industry. Therefore, the no-frills, no-meals strategy was a strategic action that enabled Southwest Airlines to challenge and disrupt the traditional business models of major carriers.

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The given statetment " APT assumes that investors only care about mean and variance of their end-of-term portfolio wealth " is true because the Arbitrage Pricing Theory (APT) assumes that investors are risk-averse and only care about the mean return and variance of their portfolio.

(b) The given statetment "CAPM assumes that returns are generated by a  model, and that factor is the market return" is true because the Capital Asset Pricing Model (CAPM) is a one-factor model that assumes the expected return on an asset is determined by the risk-free rate, the market return, and the asset's beta (sensitivity to market movements).

(c) The given statetment " If you find that the alpha of the regression is negative and significant in all 3-year periods, this would indicate that APT is not true" is false because a negative and significant alpha indicates that the stock consistently underperforms relative to the Fama-French factors.

(d) The given statetment " If you get an R2 of at least 80% in APT regressions on a set of given factors, this indicates that APT is true with those factors" is false because a high R2 indicates that the factors used in the regression explain a large proportion of the variation in the returns, but it does not definitively prove that the APT is true with those factors.

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Option c. It is true that insurance underwriters create rate categorization schedules so that consumers pay premiums that account for their risk of loss.

Insurance underwriters are experts who evaluate and analyse the risks involved in insuring people and property. Insurance underwriters set the price for accepted insurable risks. Receiving compensation for taking on a potential risk is referred to as underwriting. In order to assess the likelihood and size of a risk, underwriters employ specialised algorithms and actuarial data.

During an initial public offering (IPO), the underwriters of an investment bank frequently give a corporation with a specific amount of capital, which is theoretically contributed by investors as the source of capital.

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Complete question:

Which of the following statements regarding insurance underwriting is true?

a. Insurance underwriters help insurers determine the insurance needs of the potential insured.

b. Insurance underwriters lessen the severity of loss after it occurs.

c. Insurance underwriters design rate classification schedules so that people pay premiums that reflect their chance of loss.

d. Insurance underwriters perform a process used to avoid an act that would create a risk.

e. Insurance underwriters perform any activity that reduces the chance that a loss will occur.

Franklin, Inc., has an inventory turnover of 18.9 times, the company's cash cycle is  24.35 days. The correct option is D.

To calculate the company's cash cycle, we will use the following terms: inventory turnover, payables turnover, and receivables turnover.

1. Inventory Days = 365 / Inventory Turnover = 365 / 18.9 = 19.31 days

2. Payables Days = 365 / Payables Turnover = 365 / 11.2 = 32.59 days

3. Receivables Days = 365 / Receivables Turnover = 365 / 9.7 = 37.63 days

Cash Cycle = Inventory Days + Receivables Days - Payables Days

Cash Cycle = 19.31 days + 37.63 days - 32.59 days

Cash Cycle = 24.35 days

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Complete question:

Franklin, Inc., has an inventory turnover of 18.9 times, a payables turnover of 11.2 times, and a receivables turnover of 9.7 times. What is the company's cash cycle? Assume 365 days per year.

A. 27.83 days

B. 14.27 days

C. 45.25 days

D. 24.35 days

E. 50.91 days`

The best way to build a strong credit score is consistently make payments on time and use one form of credit to make payments and on other debt  obtain a loan and pay it off in as few payments as possible option C,D E.

One of the most crucial indicators of your financial health is your credit score. It provides lenders with a quick snapshot of your credit usage behaviour. Your chances of getting authorised for new loans or lines of credit will increase as your score rises. Also, a better credit score might provide you access to the lowest interest rates when you borrow money.

There are a lot of fast, easy things you can take to raise your credit score. You may begin improving your credit score in just a few hours, even if it can take a few months to see results.

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Complete question:

which of the following is the best way to build a strong credit history? group of answer choices

use a debit card on a regular basis

regularly use credit cards to buy on impulse

consistently make payments on time

use one form of credit to make payments

on other debt  obtain a loan and pay it off in as few payments as possible

The bond's current yield is approximately 12.68%.

The current yield is the annual interest payment on the bond divided by the current market price of the bond, expressed as a percentage. In this case, the bond has a face value of $100, an annual coupon rate of 9%, and a market price of $71.

To calculate the annual interest payment on the bond, we multiply the face value of the bond by the annual coupon rate, which gives us $9.

To calculate the current yield, we divide the annual interest payment by the market price of the bond and then multiply by 100 to express the result as a percentage.

So, the current yield is ($9/$71) x 100 = 12.68%.

Note that this calculation assumes that the bond will be held until maturity and that all interest payments will be received on time. If the bond is sold before maturity or if there is a risk of default, the actual yield may differ from the current yield.

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This is because the loss on disposal of plant assets is a non-cash item that is deducted from the proceeds received from the sale of equipment to arrive at the cash flow from the sale of equipment.

Assuming that Waterway Company sold the plant assets for less than their book value, the amount reported on the statement of cash flows as cash flow from sale of equipment would be a decrease in cash flow and would be shown in parenthesis as ($5,285). The movement of money into or out of a business, enterprise, or financial product is referred to as cash flow. It shows how much money a business makes from its operations and investments as well as how much it spends on financing, investing, and running activities.

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Transfer pricing refers to the practice of setting prices for goods and services sold between different entities within the same multinational corporation. This practice can be used to shift profits to lower-tax jurisdictions and reduce overall tax liabilities.

Estimating the exact percentage of world trade that is represented by intrafirm sales is a challenging task, as such data is not systematically tracked by international trade organizations. However, various estimates suggest that intrafirm trade may account for a significant share of global trade flows.

For example, a 2013 study by the United Nations Conference on Trade and Development (UNCTAD) estimated that intrafirm trade accounted for around one-third of global trade in 2011, up from around one-fifth in 1995. The same study also found that intrafirm trade was particularly important in certain sectors, such as electrical and electronic equipment, where it accounted for more than half of all trade.

Other estimates have suggested that the share of intrafirm trade in global trade could be even higher, with some studies suggesting that it may account for up to two-thirds of all trade flows. However, these estimates are based on more limited data and may not be representative of all sectors and regions.

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A set of rules and procedures that work to limit the opportunity for employee theft or malfeasance, and you'd like an explanation that includes Internal Control. The correct option is B.

The correct term for this set of rules and procedures is Internal Control. Internal control is a system designed to enhance the efficiency and effectiveness of operations, ensure the reliability of financial reporting, and maintain compliance with applicable laws and regulations.

It consists of various policies, procedures, and measures that an organization implements to mitigate risks, prevent fraud, and protect its assets.

Some key components of internal control include segregation of duties, authorization and approval processes, and regular reconciliation of financial records. Additionally, the organization might have a strong ethical culture, proper employee training, and clear communication of expectations.

On the other hand, A. Internal Audit is a separate function within an organization that evaluates and assesses the effectiveness of internal control systems. Internal auditors review the processes and procedures in place, identify potential weaknesses or gaps, and provide recommendations for improvement.

While internal audit plays a crucial role in enhancing internal control systems, it is not the actual set of rules and procedures meant to limit employee theft or malfeasance.

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Colombia had to spend $3.5m to relocate 70 hippos that once belonged to infamous cartel boss Pablo Escobar.

The animal that Colombia had to relocate from its original location at Hacienda Nápoles, which belonged to the infamous cartel boss Pablo Escobar, is a group of hippos.

Escobar brought four hippos to his estate in the 1980s, and since his death, the animals have been reproducing and increasing in numbers, causing concern for their impact on the local ecosystem.

These hippos were originally brought to Colombia by Escobar as part of his private zoo, but after his death, they were left to roam free in the countryside. The hippos have since become an invasive species and a danger to local ecosystems, so the Colombian government had to take action to relocate them to a safer location.

This was a costly and difficult process, but it was necessary to protect the environment and prevent any harm to human populations.

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The full-capacity capital intensity ratio can be found by dividing the current sales by the current capacity utilization rate is 0.776.

The full-capacity capital intensity ratio measures the amount of assets needed to support a company's maximum level of sales. To calculate it, we need to estimate the amount of assets the company would need to support full-capacity sales.

First, we can calculate the maximum sales by dividing the current sales by the current capacity utilization rate:

Maximum sales = Current sales / Capacity utilization rate

Maximum sales = $272,600 / 0.68

Maximum sales = $400,882.35

Next, we can calculate the full-capacity assets needed by using the full-capacity capital intensity ratio:

Full-capacity assets = Full-capacity capital intensity ratio x Maximum sales

$311,000 = Full-capacity capital intensity ratio x $400,882.35

Solving for the full-capacity capital intensity ratio:

Full-capacity capital intensity ratio = $311,000 / $400,882.35

Full-capacity capital intensity ratio = 0.776

Therefore, the full-capacity capital intensity ratio for the firm is 0.776.

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The size of the multiplier in this case is approximately 2.17, which is closest to option 2. Therefore, the correct answer is  Option e. To find the size of the multiplier in a model of the expenditure sector, given marginal propensity  0.2, marginal propensity import is 0.1, and marginal tax rate is 0.25.

The marginal propensity to consume (MPC): MPC = 1 - MPS = 1 - 0.2 = 0.8, then the marginal propensity to spend domestically (MPSD): MPSD = MPC * (1 - MPM) = 0.8 * (1 - 0.1) = 0.72. the tax-adjusted marginal propensity to spend domestically (TAMPSD): TAMPSD = MPSD * (1 - marginal tax rate) = 0.72 * (1 - 0.25) = 0.54
The multiplier = 1 / (1 - TAMPSD) = 1 / (1 - 0.54) = 1 / 0.46 ≈ 2.17

the multiplier represents the amount by which an initial change in spending (or investment) will affect the overall GDP of an economy. A higher multiplier means that the impact on GDP will be greater. In this case, the size of the multiplier is relatively low due to the high leakages in the economy (low MPC, high MPI, and high MPT).

This means that a small increase in spending will lead to a smaller increase in GDP, which can limit the effectiveness of fiscal policy measures aimed at boosting economic growth. The size of the multiplier in this case is approximately 2.17, Therefore, the correct answer is option e.

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The given statement under the (absorption,variable) costing method only variable costs are assigned to products is false because Under the variable costing method, only variable costs are assigned to products.

In general , Under variable costing, only variable costs are assigned to products, while fixed costs are treated as period costs and expensed in the period incurred. This method is also known as direct costing or marginal costing.

This method includes all manufacturing costs incurred in the production of a product, including direct materials, direct labor, variable overhead, and fixed overhead. Absorption costing is required by generally accepted accounting principles (GAAP) for external financial reporting purposes.

--The given question is incomplete the complete question is

under the (absorption,variable) costing method only variable costs are assigned to products. true/false

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A. profit-maximizing level of output will be where MR=MC, B. price will be set where MR=MC C. efficiency costs (deadweight loss) of monopolist restricts output and charges a higher price than would prevail under perfect competition.

To determine the profit-maximizing level of output, the monopolist will produce where marginal revenue (MR) equals marginal cost (MC). This is because at this level of output, the additional revenue gained from producing one more unit (MR) is exactly equal to the additional cost of producing one more unit (MC), resulting in the greatest profit.

To determine the price that the monopolist will charge to maximize profits, we need to look at the demand curve for their product. The monopolist will choose the price that corresponds with the quantity demanded at the profit-maximizing level of output. This price is typically higher than the price that would prevail under perfect competition due to the monopolist's ability to restrict output and charge a higher price.

Finally, the inefficiency costs (deadweight loss) of monopoly output/pricing refer to the economic surplus that is lost when a monopolist restricts output and charges a higher price than would prevail under perfect competition. This lost surplus represents a loss of economic efficiency and is often viewed as a cost of monopoly. The magnitude of the deadweight loss depends on the elasticity of demand for the monopolist's product and the extent of their market power.

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Based on the information provided, we can calculate the inventory cost using the FIFO, LIFO, and average-cost methods as follows:

FIFO method:

The cost of Part T inventory at April 30, 2017, would be the cost of the oldest units in stock, assuming they were the first ones sold. However, the cost of Part T inventory at April 30, 2017, is not provided in the given information, so it cannot be calculated.

LIFO method:

The LIFO method assumes that the newest units are sold first. Since the physical count at April 30, 2017, showed 4,300 units on hand, we can assume that all units acquired after April 30, 2017, were sold, and the ending inventory consists of units acquired prior to that date. Therefore, the inventory cost at April 30, 2017, would be the cost of 4,300 units at the current-year cost, which is $1,280,000 according to the given data.

Average-cost method:

The average-cost method calculates the weighted average of the cost of all units in stock. Since the cost of Part T inventory at April 30, 2017, is not provided, we cannot calculate the average cost.

As for the Cullumber Company, to calculate the inventory value at December 31, 2018, using the dollar-value LIFO method, we would need the price index for December 31, 2018, which is not provided in the given information. Therefore, we cannot determine the dollar-value LIFO inventory for Pool A at December 31, 2018.

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It would take 11,776 16 oz jars of peanut butter to include the same quantity of energy as one gallon of gasoline.

Number of Jars = 16 oz jars

Calories in 16 oz jars of peanut butter  = 2,450 calories (approximately)

Gasoline energy = 1 gallon

1 gallon of Gasoline = 33.7 kWh of power.

To calculate it, we can divide the energy content of one gallon of gasoline by the power scope of one jar of peanut butter

Mathematically,

Energy = 33.7 kWh / 0.00286 kWh per jar

Energy = 11,776 jars of peanut butter

Therefore, we can conclude that it would take 11,776 16 oz jars of peanut butter.

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If a business uses a Windows domain/Active Directory for controlling network access and user accounts, then it is recommended to use the Windows 10 Pro edition.

This is because the Pro edition includes additional features such as group policy management, remote desktop, and device encryption, which are essential for managing a network environment. Additionally, the Pro edition supports joining a domain, which is required for integrating with Active Directory.

The Home edition does not support domain joining or group policy management, making it unsuitable for businesses that require centralized management of their network and user accounts. Therefore, the Pro edition is the best choice for businesses using a Windows domain/Active Directory.

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The retail inventory technique determines whether to value ending inventory at the lower of cost or market. by removing net markups from the ratio of cost to retail. Option 2 is correct.

The retail inventory technique adds up the value of the items that may be purchased, including the initial inventory and any additional purchases of inventory, to get the ending inventory value. The commodities offered for sale are deducted from the total period sales.

Instead of valuing inventory at real cost or LCM, retail merchants can utilise the retail inventory technique to price inventories at approximate cost or approximate lower of cost or market (LCM). The traditional retail inventory strategy aims to approximate the market or average cost, whichever is lower. Hence, markups but not markdowns are included in the cost % computation. when a business adds a markup on top of that. Option 2 is correct.

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Assuming the company sells 12 new subscriptions, the journal entry to recognize the sale and associated revenue would be 192

General Journal     Debit  Credit  

Cash       1920   =160*12

Deferred revenue—subscription   1728  =1920*162/180

Deferred revenue—discount coupon   192   =1920*18/180

A discount coupon is a promotional tool used by businesses to offer customers a specific discount or savings on a product or service. The coupon can be in the form of a physical or digital voucher that customers can redeem at the point of sale. The discount offered can be a percentage off the regular price or a fixed amount.

Discount coupons are often used as a marketing strategy to attract new customers, reward loyal customers, or clear out inventory. They can be distributed through various channels, such as email, social media, or printed materials. Some businesses also partner with coupon websites or mobile apps to reach a wider audience. When customers use a discount coupon, they receive a reduced price for the product or service, which can be an incentive to make a purchase.

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Under IFRS rules, companies do not calculate a ceiling or floor when determining inventory market value due to differences in the way IFRS and U.S. GAAP standards approach inventory valuation.

1. IFRS uses the Lower of Cost or Net Realizable Value (LCNRV) method, which compares the cost of inventory with its net realizable value, and records the lower value. Net realizable value is the estimated selling price minus the costs to complete and sell the inventory.

2. U.S. GAAP, on the other hand, uses the Lower of Cost or Market (LCM) method, which includes a ceiling and floor for determining inventory market value. The ceiling is the net realizable value, while the floor is the net realizable value minus a normal profit margin.

The reason for this anomaly between IFRS and U.S. GAAP standards is due to the different approaches to inventory valuation, with IFRS focusing on the net realizable value and U.S. GAAP incorporating the market value with a ceiling and floor for more conservative reporting.

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To calculate a 4-period moving average forecast for month 6, you take the average of the previous 4 months' actual data. To calculate the forecast error for month 6, subtract the forecasted value from the actual value for that month.

To calculate the forecast for month 6 using a 4-period moving average forecast (MAF), you would take the average of the previous 4 months' actual data. So if the actual data for months 2, 3, 4, and 5 were 100, 110, 115, and 120 respectively, the forecast for month 6 would be (100 + 110 + 115 + 120) / 4 = 111.25.
To calculate the forecast error for month 6, you would subtract the forecasted value from the actual value for month 6. Let's say the actual value for month 6 was 115. The forecast error would be 115 - 111.25 = 3.75.

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The change in net interest income is negative, profits will decline. The correct option is decline by $1 million.

To answer this question, we need to perform a GAP analysis. GAP analysis is a tool that helps banks measure their interest rate risk by comparing the change in the value of assets and liabilities as interest rates change.

Step 1: Calculate the interest-sensitive assets and liabilities with different maturities:
Interest-sensitive assets:
- 5-year variable rate: $30 million
- 5-year fixed rate: $0 (not affected by interest rate changes)

Interest-sensitive liabilities:
- 2-year variable rate: $50 million
- 2-year fixed rate: $0 (not affected by interest rate changes)

Step 2: Calculate the GAP:
GAP = Interest-sensitive assets - Interest-sensitive liabilities = $30 million - $50 million = -$20 million

Step 3: Calculate the change in net interest income (ΔNII):
ΔNII = GAP × change in interest rates = -$20 million × 0.05 = -$1 million

Therefore, the correct answer is: Profits will decline by $1 million.

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Candidates who "need" were more likely to become managers a) Power

McClelland's research on managerial success identified three key needs that influenced an individual's behavior and motivation: power, affiliation, and growth. According to his findings, individuals who displayed a high need for power were more likely to become successful managers.

This is because they are driven by a desire to control and influence others, and to be recognized for their achievements. They are also willing to take risks and make difficult decisions in order to achieve their goals.

In contrast, individuals with a high need for affiliation are more focused on building relationships and maintaining harmony within a group, while those with a high need for growth are driven by a desire for personal development and achievement.

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To find the sample size necessary for a 90% confidence level with a maximal error of estimate E = 0.39 for the mean price per 100 pounds of watermelon, we can use the formula for sample size calculation for a confidence interval:

n = (Z*σ/E)^2

where:

n = sample size

Z = z-score corresponding to the desired confidence level (for 90% confidence level, Z ≈ 1.645)

σ = population standard deviation (unknown in this case)

E = maximal error of estimate (0.39)

Plugging in the given values, we get:

n = (1.645*σ/0.39)^2

Since the population standard deviation (σ) is unknown, we cannot calculate the exact sample size without this information.

For the second part of the question, to find a 90% confidence interval for the population mean cash value of 15 tons of watermelon (equivalent to 15 x 2000 = 30,000 pounds), we would need additional information such as the sample mean and sample standard deviation. Without this information, we cannot calculate the confidence interval or the margin of error.

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Project classifications are used in the budgeting process to ensure that all costs associated with a project are accounted for and allocated properly. These classifications allow budget planners to organize project costs into specific categories such as labor, materials, equipment, and overhead expenses.

Another way project classifications are used in the budgeting process is by grouping projects based on their size, complexity, and priority. For example, a large-scale construction project may be classified as a capital expenditure and receive a separate budget allocation from smaller maintenance projects. This allows for better management of resources and helps to ensure that high-priority projects receive the necessary funding.

Furthermore, project classifications also aid in the tracking and reporting of budget expenditures. By assigning specific classifications to each cost item, budget planners can generate reports that provide a breakdown of all costs associated with each project, making it easier to monitor and analyze project expenses.

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The choice of which discount rate to use depends on the specific characteristics of the project being evaluated and the capital structure of the company.

The APV model and the corporate valuation model use different discount rates because they take into account different sources of financing. The APV model uses the unlevered cost of equity because it assumes that the project being evaluated will be financed entirely with equity. This is also known as the cost of capital for an all-equity firm. On the other hand, the corporate valuation model uses the weighted average cost of capital (WACC) which takes into account the cost of both debt and equity financing. This is because companies typically have a mix of debt and equity in their capital structure.

By using the unlevered cost of equity, the APV model is able to value the project based solely on the cash flows generated by the project itself without considering the effects of financing. This approach is useful when evaluating projects that have unique financing arrangements or when comparing projects with different levels of leverage.

The WACC used in the corporate valuation model takes into account the cost of both debt and equity financing, which more accurately reflects the overall cost of capital for the company. This approach is useful when evaluating projects for a company that has a mix of debt and equity in its capital structure.

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The given statement, "Different types of boundaries place limits on organizations in order to foster high degrees of interaction with outside influences and varying levels of permeability," is false (F) because boundaries are intended to restrict interactions with outside influences.

Organizational boundaries can take various forms, such as physical, legal, cultural, and psychological, and their primary purpose is to define the scope of an organization's activities, roles, and responsibilities. By establishing boundaries, organizations can ensure that their resources are utilized effectively and efficiently, and protect themselves from external threats and disruptions.

Moreover, boundaries can also facilitate collaboration and innovation by providing a framework for managing differences and conflicts among various stakeholders. However, the degree of permeability and interaction with external entities is usually limited by the type and level of boundaries that an organization sets.

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The mean absolute deviation (MAD) is 4. The correct option is a.

The mean absolute deviation (MAD) is the average of the absolute deviations from the mean of a set of numbers. To calculate the MAD for the given forecast errors, we first need to find the mean:

Mean = (4 + 8 - 3) / 3 = 3

Now we can calculate the absolute deviations from the mean for each forecast error:

|4 - 3| = 1

|8 - 3| = 5

|-3 - 3| = 6

To get the MAD, we take the average of these absolute deviations:

MAD = (1 + 5 + 6) / 3 = 4

Therefore, the MAD is 4, which is option (a).

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Lavage Rapide's planning budget for August shows expected revenues of $51,660 and expected costs of $24,294, resulting in a net income of $27,366.T o prepare Lavage Rapide's planning budget for August.

We need to calculate the total costs and revenues based on the given data.

Fixed costs:
Cleaning supplies: $0.60 per car washed x 8,200 cars = $4,920
Electricity: $1,000 + ($0.07 per car washed x 8,200 cars) = $1,574
Maintenance: $0.15 per car washed x 8,200 cars = $1,230
Wages and salaries: $4,100 + ($0.30 per car washed x 8,200 cars) = $6,460
Depreciation: $8,300 (fixed cost/month)
Rent: $1,900 (fixed cost/month)
Administrative expense: $1,500 + ($0.05 per car washed x 8,200 cars) = $1,910

Total fixed costs: $24,294

Variable costs:
Cost per car washed = $0 (not provided in the table)
Assuming variable costs are $0, total variable costs = $0

Total costs:
Fixed costs + Variable costs = $24,294 + $0 = $24,294

Revenues:
Average revenue per car washed = $6.30
Number of cars washed = 8,200
Total revenues = $6.30 per car washed x 8,200 cars = $51,660

Net income:
Total revenues - Total costs = $51,660 - $24,294 = $27,366

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The source document that asks for the description, quantity, and unit cost of the direct materials issued, as well as for the job number is known as the material requisition form.

This form is used by the production department to request materials from the inventory or purchasing department.

The material requisition form provides detailed information about the materials needed for a particular job or production order. It includes the job number, description of the materials, quantity needed, and unit cost.

This information is used to track the cost of materials used for a specific job or production order and to update inventory records.

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