Answer: A Micro environment refers to the factors or elements that are directly connected to a business environment and affect its day-to-day performance.
Explanation:
A micro Environment is any firm's or business's immediate environment which affects its performance on a regular basis.
Some examples of this can include Suppliers(no supply of the goods and services would lead to bad performance), Customers(any change in the customer's behavior such as better options or different tastes will change their minds and affect business), the general public(if the general public is in favor of a particular company then their sales will be much better), market intermediaries, and competitor businesses(any new or existing business with the same products might affect if they change their business model by providing discounts or other strategies).
A machine shop has 100 drill presses and other machines in constant use. The probability
that a machine will become inoperative during a given day is 0.002. During some days, no
machines are inoperative, but on other days, one, two, three, or more are broken down.
What is the probability that fewer than two machines will be inoperative during a
particular day?
The probability that fewer than two machines will be inoperative during a particular day is approximately 0.982201, or 98.22%.
How did we get the value?To find the probability that fewer than two machines will be inoperative during a particular day, calculate the probability of having zero or one machines inoperative.
Denote the event "a machine becomes inoperative during a given day" as A. The probability of this event is given as P(A) = 0.002.
To calculate the probability of fewer than two machines being inoperative, calculate the probability of zero machines being inoperative (P(0)) and the probability of one machine being inoperative (P(1)), and then sum them up.
The probability of zero machines being inoperative is given by:
P(0) = (1 - P(A))¹⁰⁰
= (1 - 0.002)¹⁰⁰
= 0.980198
The probability of one machine being inoperative is given by:
P(1) = 100 × P(A) × (1 - P(A))^99
= 100 × 0.002 × (1 - 0.002)^99
= 0.198003
Now, calculate the probability of fewer than two machines being inoperative:
P(fewer than two) = P(0) + P(1)
= 0.980198 + 0.198003
= 0.982201
Therefore, the probability that fewer than two machines will be inoperative during a particular day is approximately 0.982201, or 98.22%.
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Rolo's charge account statement showed a previous balance of $658.94, a finance charge of $10.71, new purchases of $54.21, $36.28, and $98.56, a credit of $145.81 and a $100.00 payment. What is the new balance?
If Rolo's charge account statement showed a previous balance of $658.94. The new balance on Rolo's charge account is $812.89.
What is the new balance?First step is to calculate the subtotal of charges:
Subtotal of charges = Previous Balance + Finance Charge + New Purchases
Subtotal of charges = $658.94 + $10.71 + $54.21 + $36.28 + $98.56
Subtotal of charges = $858.70
Second step is to calculate the subtotal of credits:
Subtotal of credits = Credits - Payment
Subtotal of credits = $145.81 - $100.00
Subtotal of credits = $45.81
Now let calculate the new balance:
New Balance = Subtotal of charges - Subtotal of credits
New Balance = $858.70 - $45.81
New Balance = $812.89
Therefore the new balance on Rolo's charge account is $812.89.
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Identify your global challenge: Based on your purpose, strengths, and leadership style find 4-6 digital media articles from reputable news organisations (e.g., ABC, BBC, The Guardian, Australian Financial Review, etc) that illustrate the kinds of business problems you are interested in solving. Explain why you think those problems are interesting and how they relate to your purpose, strengths and leadership style.
My strengths: humor, curiosity and judgment
My leadership style: facilitative style
My purpose: learn business programe at RMIT
My purpose: learn business programe at RMIT
My purpose: learn business programe at RMIT
Following are the data for Muadz Enterprise in term of their credit sale for the month of;
April $168,000
May $176,000
June $186,000
July $164,000
August $165,000
Credit sales are normally settled according to the following pattern:
60 percent in the month following sale
35 percent in the second month following sale
5 percent of accounts are never settled
Calculate the receipts from accounts receivable for July 2020?
Select one:
$173,200
$164,400
$163,500
$210,080
The receipts from accounts receivable for July 2020 can be calculated to be A. $173,200
How to find the receipts ?First, find the May cash receipts :
= 176, 000 x 35 %
= $ 61, 600
Then, find the June sales receipts :
= 186, 000 x 60 %
= $ 111, 600
Then sum them both to find the receipts from accounts receivable for July 2020:
= 61, 600 + 111, 600
= $ 173, 200
In conclusion, the receipts from accounts receivable for July 2020, after calculating can be found to be $ 173, 200 which is option A.
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operating principles of enterprises in a market economy
The operating principles of enterprises in a market economy include:
Profit MaximizationCompetitionWhat are the operating principles of enterprises in a market economy?Enterprises in a market economy are primarily driven by the goal of maximizing profits. Profitability is considered a key measure of success, and businesses strive to optimize their revenues while minimizing costs.
Competition is a fundamental characteristic of a market economy. Enterprises operate in an environment where multiple players compete for market share, customers, and resources. This principle fosters efficiency and incentivizes businesses to continuously improve their products, services, and operations to gain a competitive edge.
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Select the correct answer.
What is the net income of the corporation?
Income Statement
Items
Revenues
Sales Revenue
500,000
Cost of Goods Sold
20,000
Administration Expenses 20,000
30,000
15,000
15,000
Selling expenses
Depreciation
Taxes
A. $400,000
B. $100,000
C. $450,000
D. $300,000
E. $150,000
The net income of the corporation is $400,000. Thus the correct option is A.
The formula for calculating net income is
Net Income = Total Revenues - Total Expenses
In the question, it is given that
Total Revenues:
Sales Revenue: $500,000
Total Expenses:
Cost of Goods Sold: $20,000
Administration Expenses: $20,000
Selling expenses: $30,000
Depreciation: $15,000
Taxes: $15,000
The value will be applied to the formula as
Net Income = $500,000 - ($20,000 + $20,000 + $30,000 + $15,000 + $15,000)
Net Income = $500,000 - $100,000
Net Income = $400,000
Therefore, the net income of the corporation is $400,000. The correct answer is A.
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In 2008, many banks either completely failed or nearly went out of
business. Why do you think this led to banks being stricter with approving home loan applications?
The financial crisis of 2008, which caused many banks to fail or face financial difficulties, led to banks becoming stricter with approving home loan applications.
Whay banks became xtrickerThe crisis resulted in significant losses for banks, increased regulatory scrutiny, market uncertainty, declining property values, tightened credit standards, and a loss of trust and confidence in the banking industry. As a result, banks implemented more rigorous assessment processes, imposed stricter eligibility criteria, and adopted conservative lending practices to mitigate risks and ensure financial stability.
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Which of the following is true if you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels?
If you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels, the Marriott’s Best Rate Guarantee policy comes into effect.
Marriott’s Best Rate Guarantee policy is a commitment to providing the lowest rate possible. If you find a lower rate within 24 hours of booking through one of Marriott’s direct channels, Marriott will match that rate and offer an additional discount of 25%.
This policy applies to any Marriott brand including Ritz-Carlton, St. Regis, Westin, Sheraton, Aloft, and othersYou need to first book your reservation through Marriott’s direct channels like Marriott.com, the Marriott Mobile app, Marriott Bonvoy app, the Marriott Reservation Center, or directly with the hotel.
After that, you should look for lower rates on other third-party websites. If you find a lower rate within 24 hours, contact Marriott’s Customer Care team, and they will match that rate plus an additional discount of 25%.The policy does come with some terms and conditions.
The lower rate you find on the third-party website must be for the same hotel, same room type, same dates, same number of guests, same currency, and with the same booking conditions. It also excludes rates that are only available to members of certain groups or organizations, package rates that include flights, car rentals, and other amenities, and rates that are not available to the general public
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Analyze Carrie's credit card statement and bank statement. How would you describe her
spending habits?
Carrie should not be spending over $300 on apparel; her spending habits are awful. Carrie has to learn how to set a spending limit for the money she has available.
Your spending patterns show how you've implemented your strategy. It might be challenging to follow your strategy at times. The secret is to form spending habits that will enable you to strike a balance between your spending and your income. Write down any questions you have and bring them with you to your in-person counselling appointment.
Identify your spending patterns by listing all of your accounts, including your bank account and all of your credit cards. You can discover your spending habits by looking at your accounts. Both fixed and variable costs will be included in your expenditure.
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Do you think D&D would be better selling through a wholesaler and not directly to retailers? Justify your answer.
Answer: Selling Dungeons & Dragons (D&D) through a wholesaler or directly to retailers is a decision that involves several considerations. One aspect to weigh is the distribution network. Wholesalers possess established networks that efficiently reach a broad range of retailers, enabling wider market reach and faster availability of D&D products. They have existing relationships and understand the logistics of distribution. This option can provide cost-efficiency through bulk distribution and economies of scale, benefiting both the manufacturer and retailers.
On the other hand, selling directly to retailers allows for direct communication and relationship-building between the D&D brand and retailers. This approach fosters a deeper understanding of market demands, provides direct feedback, and enables customization to meet specific retailer needs. Direct sales also afford greater control over brand presentation, pricing strategies, and consistent brand representation. This level of control and personalized support can be particularly important for a brand like D&D, which has a dedicated and passionate fan base. Moreover, direct sales allow for flexibility and responsiveness to market trends, enabling quick adaptation, the introduction of new products, and direct response to retailer requests and feedback.
In summary, the choice between selling through a wholesaler or directly to retailers depends on factors such as distribution efficiency, cost considerations, retailer relationships, brand control, and market responsiveness. Evaluating these factors will help D&D's parent company, Wizards of the Coast, determine which approach aligns best with their overall business strategy and objectives.
State management functions for enterprises
State management functions for enterprises include planning, organizing, leading and controlling.
What are the functions of state management ?Planning encompasses the delineation of goals, formulation of objectives, and crafting of strategies to accomplish them. Organizing entails the structuring of an enterprise's resources, encompassing human capital, financial assets, and material possessions, to optimize efficiency and productivity.
Leadership involves the guidance and influence exerted by enterprises to steer employees toward the attainment of organizational goals. Control pertains to the monitoring and evaluation of performance to ensure adherence to plans and the achievement of objectives.
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INCENTIVES PROMOTION
Incentives promotion refers to the strategic use of rewards or incentives to motivate and encourage specific behaviors or actions among individuals or groups.
What is incentive promotion ?The primary objective of incentives promotion is to establish a perceived advantage or benefit for the target audience, thereby enticing them to undertake particular actions.
These actions may entail making purchases, subscribing to services, engaging in loyalty programs, referring others, or forging connections with brands or products. By providing incentives, businesses endeavor to shape consumer behavior, amplify customer engagement and loyalty, bolster sales, and accomplish specific marketing goals.
Incentives promotion can manifest in a multitude of forms, encompassing discounts, rebates, coupons, giveaways, loyalty points, competitions, prizes, exclusive access, or privileged treatment.
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Full question is:
What is incentive promotion ?
List excel formulas for n 20--, the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be withheld from each officer’s pay on (a) November 15 and (b) December 31.
Name and Title Annual Salary OASDI Taxable Earnings OASDI Tax HI Taxable Earnings HI Tax
Hanks,Timothy, President $168,000
Grath, John, VP Finance 144,000
James,Sally, VP Sales 69,600
Kimmel, Joan, VP Mfg. 54,000
Wie, Pam, VP Personnel 51,600
Grant, Mary, VP Secretary 49,200
To calculate FICA taxes to be withheld from each officer's pay, we need to first calculate their semi-monthly salaries and then their OASDI and HI taxable earnings.
Assuming there are 24 pay periods in a year (12 months * 2 pay periods per month).
The semi-monthly salaries for each officer are as follows:
Hanks, Timothy, President: 168,000 / 24 = $7,000
Grath, John, VP Finance: 144,000 / 24 = $6,000
James, Sally, VP Sales: 69,600 / 24 = $2,900
Kimmel, Joan, VP Mfg.: 54,000 / 24 = $2,250
Wie, Pam, VP Personnel: 51,600 / 24 = $2,150
Grant, Mary, VP Secretary: 49,200 / 24 = $2,050
To calculate OASDI taxable earnings, we need to know the wage base limit for the year. For 20--, the wage base limit is $142,800.
The OASDI taxable earnings for each officer are as follows:
Hanks, Timothy, President: Min($7,000, $142,800) = $7,000
Grath, John, VP Finance: Min($6,000, $142,800) = $6,000
James, Sally, VP Sales: Min($2,900, $142,800) = $2,900
Kimmel, Joan, VP Mfg.: Min($2,250, $142,800) = $2,250
Wie, Pam, VP Personnel: Min($2,150, $142,800) = $2,150
Grant, Mary, VP Secretary: Min($2,050, $142,800) = $2,050
To calculate HI taxable earnings, there is no wage base limit. All earnings are subject to HI tax.
The HI taxable earnings for each officer are as follows:
Hanks, Timothy, President: $7,000
Grath, John, VP Finance: $6,000
James, Sally, VP Sales: $2,900
Kimmel, Joan, VP Mfg.: $2,250
Wie, Pam, VP Personnel: $2,150
Grant, Mary, VP Secretary: $2,050
To calculate the FICA taxes to be withheld from each officer's pay, we need to use the following formulas:
OASDI Tax = OASDI Taxable Earnings * 6.2%
HI Tax = HI Taxable Earnings * 1.45%
Using these formulas, the FICA taxes to be withheld from each officer's pay on November 15 and December 31 are as follows:
Name and Title OASDI Tax (November 15) HI Tax (November 15) OASDI Tax (December 31) HI Tax (December 31)
Hanks, Timothy, President $434.00 $101.50 $434.00 $101.50
Grath, John, VP Finance $372.00 $87.00 $372.00 $87.00
James, Sally, VP Sales $179.80 $41.95 $179.80 $41.95
Kimmel, Joan, VP Mfg. $139.50 $32.33 $139.50 $32.33
Wie, Pam, VP Personnel $133.40 $31.03 $133.40 $31.03
Grant, Mary, VP Secretary $127.40 $29.68 $127.40 $29.68
Note that the OASDI tax rate is 6.2% and the HI tax rate is 1.45%, and these rates do not vary with the semi-monthly salaries of the officers.
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During civil lawsuit, proceedings regarding alcohol, service courts will try to determine if the
During civil lawsuit proceedings regarding alcohol service, courts will try to determine if the designated driver was present and remained sober.
How do courts determine the presence and sobriety?During civil lawsuit proceedings involving alcohol service, courts aim to establish whether a designated driver was present and this determination is crucial in cases where establishments or individuals are being held accountable for over-serving alcohol to a patron who later caused harm or injury due to impaired driving.
The court may consider various forms of evidence such as witness testimonies, surveillance footage, receipts indicating non-alcoholic purchases or the designated driver's own account of their sobriety. It court may evaluate the credibility and reliability of the designated driver's actions and statements throughout the relevant time period.
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Yolanda first breaks down
The programming design approach represented in this scenario is modular programming. The programming design approach represented in this scenario is object-oriented programming.
What is programming?The process of creating a set of instructions that tells a computer how to perform a task is known as programming. Computer programming languages such as JavaScript, Python, and C++ can be used to create programs.
Modular programming is the programming design approach represented in this scenario. Yolanda divides the entire game into modules, which are then subdivided further into smaller modules until the individual parts are manageable for programming.
Thus, this method entails representing data and functions as objects and employing inheritance and polymorphism to generate flexible and reusable code.
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complete question.
Identify which type of programming design approach each represents
Yolanda first breaks down the whole game she needs to program into modules. She then breaks these modules into smaller modules until the individual parts are manageable for programming. She writes the smallest modules, and then recombines them into larger parts.
The CPI is at a fifteen year high, which policy should be enacted
At the point when the CPI or expansion is at a significant level, policymakers frequently consider carrying out contractionary money related or financial strategies to assist with relieving inflationary tensions. The following are a couple of strategy choices that could be thought of: Money related Policy: Fiscal Policy: Supply-side Policies: and Pay and Value Controls:
Strategy is a conscious arrangement of rules to direct choices and accomplish sane results. A strategy is an assertion of policymakers and is executed as a methodology or convention. Strategies are for the most part taken on by an administration body inside an association.
Approaches can aid both abstract and objective independent direction. Strategies utilized in emotional direction for the most part help senior administration with choices that should be founded on the overall benefits of various variables, and accordingly, are frequently difficult to test dispassionately, for example balance between serious and fun activities strategy..
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