The term that represents the total variable cost component in the equation y = vs + f is "vs".
In this equation, "y" represents the total cost, "v" represents the variable cost per unit of output, "s" represents the level of output, and "f" represents the fixed cost. The term "vs" represents the total variable cost, which is the product of the variable cost per unit and the level of output.
For example, if the variable cost per unit is $10 and the level of output is 100 units, the total variable cost would be $1,000 (i.e. 10 x 100). The fixed cost component "f" would be added to the total variable cost to calculate the total cost "y" of producing a given level of output.
Understanding the relationship between fixed and variable costs is important for businesses to make informed decisions about pricing, production levels, and profitability.
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when deciding how much white space to leave on a page, it is important to consider that
When deciding how much white space to leave on a page, it is essential to consider the visual impact, readability, and overall layout of the content.
White space, also known as negative space, contributes to a clean and organized appearance, making it easier for readers to process and comprehend the information presented. It helps separate different elements on a page, such as text, images, and margins, improving readability and reducing visual clutter.A balanced use of white space enhances the design, guiding the reader's eyes through the page and highlighting the key points. Too little white space may result in a cluttered and overwhelming layout, while excessive white space can create a sense of emptiness and reduce the effectiveness of the message.Striking the right balance contributes to a professional and visually appealing layout, ultimately improving the reader's experience and the effectiveness of the communication.
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True/False : the buyer attains the right to insure the goods once the goods are identified to the contract.
False. The buyer attains the right to insure the goods once the risk of loss has passed to them, which can vary depending on the terms of the contract.
The identification of goods in the contract is just one factor that can determine when the risk of loss is passed. Once the goods are identified in the contract, the risk of loss or damage to the goods passes from the seller to the buyer. At this point, the buyer has the right to insure the goods. In a contract of sale, the buyer attains the right to insure the goods once the goods are identified in the contract. The identification of goods refers to the point in time when the goods are specifically designated or selected as the subject matter of the contract and can be identified with reasonable certainty. At this point, the risk of loss or damage to the goods passes from the seller to the buyer, and the buyer can obtain insurance for the goods if they so choose.
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how do managers match resources and capabilities to make long-term growth decisions?
Managers match resources and capabilities to make long-term growth decisions by conducting a thorough analysis of their company's internal and external environment, identifying strengths and weaknesses, and developing a strategic plan.
The process of matching resources and capabilities to make long-term growth decisions involves several steps. First, managers need to assess the company's current resources and capabilities, including its financial position, human resources, and technology. They also need to analyze the external environment, including market trends, competition, and regulatory factors. This analysis helps managers identify the company's strengths and weaknesses, as well as potential opportunities and threats.Once this analysis is complete, managers can develop a strategic plan that outlines the company's long-term goals and objectives, as well as the resources and capabilities needed to achieve them. This plan should take into account the company's strengths and weaknesses, as well as external factors such as market trends and competition. It should also include a plan for allocating resources effectively and efficiently to achieve long-term growth. By matching resources and capabilities to long-term growth decisions in this way, managers can position their companies for success in the competitive marketplace.
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long hours of work and poor working conditions are prevalent in sweatshops. group of answer choices true false
True. Long hours of work and poor working conditions are prevalent in sweatshops. Sweatshops are factories or workplaces that employ workers under poor conditions with low pay and long working hours. These conditions are prevalent in many developing countries where labor laws are weak or non-existent.
Workers in sweatshops are often subjected to inhumane working conditions such as lack of ventilation, poor lighting, and overcrowded workspaces.
They are also expected to work for long hours without proper breaks, which can lead to exhaustion and health problems. Despite efforts by activists and labor organizations to improve working conditions in sweatshops, they continue to exist in many parts of the world.
Consumers can make a difference by supporting companies that ensure fair labor practices in their supply chains and by choosing not to buy products made in sweatshops.
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Roberta worked with an attorney to prepare her will. What kind of will is this?
a. Descent
b. Functional
c. Holographic
d. Statutory
it can be determined that Roberta's will is most likely a statutory will. This type of will is a standard document that follows specific legal requirements and is typically prepared with the assistance of an attorney.
It is also known as a formal will, as it must be signed by the testator (Roberta) and witnesses according to state laws. A descent will, on the other hand, is one that is created based on laws of inheritance and is typically used when a person dies without a valid will. A functional will is a document that outlines specific wishes or instructions for the distribution of assets,
but it may not meet the legal requirements of a formal will. Lastly, a holographic will is one that is entirely handwritten by the testator, without the assistance of an attorney.
In summary, Roberta's will is most likely a statutory will, which is a formal legal document that meets specific state requirements and was prepared with the assistance of an attorney. Statutory wills are more formal compared to other types, such as holographic wills,
which are handwritten and may not involve an attorney. By choosing a statutory will, Roberta ensures that her wishes are documented and executed according to the law, minimizing the possibility of future disputes or complications.
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Which of the following was the principal business mode of success for Tin Pan Alley?Sheet music salesBuddy Hollyindie record labelsyodel
The principal business mode of success for Tin Pan Alley was sheet music sales. Tin Pan Alley was a group of music publishers and songwriters located in New York City from the late 19th century to the mid-20th century.
They produced popular songs that were sold as sheet music for people to play and sing at home. Many famous songs, such as "Over the Rainbow" and "God Bless America," were created in Tin Pan Alley. The publishers would hire songwriters to write songs and then print the sheet music to sell to the public. They would also promote the songs by having them performed in theaters and on the radio. Buddy Holly, indie record labels, and yodeling are not directly related to Tin Pan Alley's business model, although Buddy Holly was a famous musician who was influenced by the music of Tin Pan Alley. In summary, sheet music sales were the principal business mode of success for Tin Pan Alley, which produced and sold popular songs from the late 19th century to the mid-20th century.
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identify how manufacturing-, merchandising-, and service-sector companies differ from each other.
Manufacturing companies produce goods; merchandising companies buy and sell finished products; and service-sector companies provide services to customers. The key differences between these industries lie in the type of products or services they offer, their approach to production or resale, and their primary focus when interacting with customers.
Manufacturing companies are those that produce physical goods, typically using machinery and raw materials. Their main focus is on production efficiency and quality control. Merchandising companies are those that purchase products from manufacturers and then resell them to consumers, often in a retail setting. Their main focus is on inventory management and customer service. Service sector companies provide intangible services like consulting, healthcare, or financial advice. Their main focus is on customer experience and expertise in their field.
1. Manufacturing Industry: This type of industry involves producing goods from raw materials or components through various processes. Companies in the manufacturing industry create finished products that are then sold to customers. Examples include automobile manufacturers, textile factories, and food processing plants.
2. Merchandising Industry: Merchandising companies act as intermediaries between manufacturers and customers. They purchase finished products from manufacturers and sell them to end consumers. These businesses focus on marketing, distribution, and retailing. Examples include supermarkets, clothing stores, and online marketplaces.
3. Service Sector Industry: Service-sector companies provide services to customers rather than physical goods. Their offerings may include expertise, labor, or access to specific resources. Examples of service-sector industries include education, healthcare, consulting, and transportation.
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the behaviors that all employees must display to deliver a great guest experience are called
The behaviors that all employees must display to deliver a great guest experience are called service standards. Service standards are a set of guidelines that outline the expected behavior and actions of employees when interacting with guests.
These standards are typically developed by the management team and may vary based on the industry, company, and guest expectations. Examples of service standards include being friendly, courteous, and attentive to guests' needs, maintaining a clean and tidy work environment, and providing prompt and efficient service. Employees should also be knowledgeable about the products and services offered, able to handle guest complaints in a professional manner, and maintain a positive attitude throughout the guest's visit. Service standards are critical for delivering a consistent and high-quality guest experience. When employees consistently meet or exceed these standards, it helps to build trust and loyalty with guests, resulting in repeat business and positive word-of-mouth recommendations. On the other hand, failing to meet service standards can lead to dissatisfied guests and damage to the company's reputation. Therefore, it is important for all employees to understand and adhere to the established service standards to ensure a positive guest experience.
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A(n)_____ is the original project plan plus approved changes.
Cost Management Plan
Cost Baseline
Baseline
Cost Control
A cost baseline is the original project plan plus approved changes.
It is an essential component of the project management process that provides a basis for measuring project performance, including cost control. A cost baseline is used to compare the actual cost of the project to the original budget and to determine if the project is within the approved financial plan.
The cost baseline is developed as part of the project planning process and is typically based on the estimated costs for all project activities, including labor, materials, equipment, and other expenses. The cost baseline serves as a benchmark for project costs and is used to track changes in project expenses over time.
Cost control is a critical aspect of project management, and a cost baseline is essential for effective cost control. By comparing actual project costs to the cost baseline, project managers can identify any variances and take corrective action to keep the project on track. The cost baseline provides a basis for forecasting project costs and helps project managers to anticipate and manage any cost overruns.
A cost baseline is the original project plan plus approved changes, and it is a critical component of project management for effective cost control. Project managers use the cost baseline to track project expenses and to take corrective action to keep the project on budget.
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Why would a stock have a ".A" at the end of its ticker symbol? a.There are multiple classes of stock for this company O b.The company has filed for bankruptcy c.This stock currently has special trading rules d.This would always represent "Preferred Stock"
A stock may have a ".A" at the end of its ticker symbol if there are multiple classes of stock for the company.
Companies may issue different classes of stock with varying rights and privileges, such as voting rights or dividend payments. These different classes of stock may be identified by adding a letter or series of letters at the end of the ticker symbol. It is important for investors to be aware of the different classes of stock for a company as they can have significant impacts on the value of the investment. This designation does not necessarily represent "Preferred Stock" as there are other designations that can be used to identify preferred shares.
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Under accrual accounting, the event that triggers revenue recognition for the sale of goods is the:
A. Delivery of goods B. Payment for goods C. Signing of the sales contract D. Manufacturing of goods
A. Delivery of goods is the event that triggers revenue recognition for the sale of goods under accrual accounting.
This means that revenue is recognized when goods are delivered to customers and title has passed, regardless of whether payment has been received. The revenue recognition principle of accrual accounting requires that revenue be recognized when earned, regardless of when payment is received.Under accrual accounting, revenue is recognized when it is earned, regardless of when the payment is received. For the sale of goods, revenue is typically recognized at the point of delivery, which is when the seller has transferred control of the goods to the buyer.
This means that revenue can be recognized before or after payment is received, depending on the terms of the sale. The signing of a sales contract or the manufacturing of goods are not necessarily sufficient triggers for revenue recognition, as they do not necessarily indicate that the seller has earned revenue.
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The poorest 20 percent of the world's people live on just 2 percent of the world's income. True or false
True, the poorest 20 percent of the world's population live on just 2 percent of the world's income. This illustrates the significant income inequality that exists globally.
Income is defined as household disposable income in a particular year. It consists of earnings, self-employment and capital income and public cash transfers; income taxes and social security contributions paid by households are deducted. The income of the household is attributed to each of its members, with an adjustment to reflect differences in needs for households of different sizes.
The gap between rich and poor keeps widening. Growth, if any, has disproportionally benefited higher income groups while lower income households have been left behind. This long-run increase in income inequality not only raises social and political concerns, but also economic ones. It tends to drag down GDP growth, due to the rising distance of the lower 40% from the rest of society. Lower income people have been prevented from realizing their human capital potential, which is bad for the economy as a whole.
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the company is implementing an ERP system to achieve which business objective?A. Improve decision making B. Implement just-in-time manufacturing C. Survive in the marketplaceD. Automate business processes E. Globalize operations
The implementation of an Enterprise Resource Planning (ERP) system is typically done to achieve automate business processes. So, the correct option is D.
An ERP system helps to streamline and automate various business processes such as accounting, human resources, supply chain management, and customer relationship management. By automating these processes, businesses can improve efficiency, reduce costs, and increase accuracy.
Additionally, the implementation of an ERP system can also help improve decision-making by providing real-time data and insights into various business operations. While just-in-time manufacturing and globalization of operations may be potential benefits of implementing an ERP system, they are not the primary objectives.
Surviving in the marketplace may be a goal for some businesses, but implementing an ERP system alone is not a guaranteed solution for this objective.
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true or false when you identify use cases, it is important to keep all related transactions separate.
When you identify use cases, it is important to keep all related transactions separate is true because each use case should represent a single, distinct unit of functionality or interaction between the system and its users. By separating related transactions, you ensure that each use case focuses on a specific goal, making it easier to understand, manage, and implement the system.
Keeping related transactions separate also helps in clearly defining the scope and boundaries of each use case. This is crucial for the proper allocation of resources, setting priorities, and avoiding potential conflicts during the development process. Moreover, it allows for more efficient testing and validation of the system, as individual use cases can be verified independently.
In addition, separating related transactions aids in maintaining the modularity and reusability of the system components. By isolating the functionality in distinct use cases, it becomes simpler to identify reusable components, which can be shared across multiple use cases or even different projects.
Lastly, having separate use cases for related transactions ensures better traceability and documentation of the system. This enables easier communication among team members and stakeholders, as well as facilitating future maintenance and updates to the system.
In summary, keeping related transactions separate when identifying use cases is important for various reasons, including maintaining focus on specific goals, defining clear boundaries, efficient testing, promoting modularity and reusability, and ensuring better traceability and documentation.
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in regards to healthcare insurance, the percentage that the guarantor pays is called the
In regards to healthcare insurance, the percentage that the guarantor pays is called the coinsurance.
Coinsurance is the portion of the healthcare cost that the patient or guarantor is responsible for paying, after the deductible has been met. It is usually expressed as a percentage, such as 20% or 30%, and the insurer pays the remaining portion of the cost.
For example, if a medical procedure costs $1,000 and the coinsurance is 20%, the patient or guarantor is responsible for paying $200, while the insurer pays the remaining $800.
Coinsurance is an important aspect of healthcare insurance, as it helps to share the cost of healthcare between the patient and the insurer. It also encourages patients to seek cost-effective healthcare options, as they are responsible for paying a portion of the cost.
Some insurance plans may have a maximum out-of-pocket limit, which is the most the patient or guarantor will have to pay in a given year for healthcare costs.
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you own 200 shares of loner, inc. stock. the company has stated that it plans on issuing a dividend of $.20 a share one year from today and then issuing a final liquidating dividend of $1.60 a share two years from today. your required rate of return is 11%. ignoring taxes, what is the value of one share of this stock today?
To calculate the value of one share of Loner, Inc. stock today, we need to use the present value formula, the value of one share of Loner, Inc. stock today is $0.0165.
First, we'll calculate the present value of the dividend that will be issued in one year: PV(dividend in 1 year) = Dividend / (1 + r)^n PV(dividend in 1 year) = $0.20 / (1 + 0.11)^1 PV(dividend in 1 year) = $0.18
Next, we'll calculate the present value of the liquidating dividend that will be issued in two years: PV(liquidating dividend in 2 years) = Liquidating dividend / (1 + r)^n PV(liquidating dividend in 2 years) = $1.60 / (1 + 0.11)^2 PV(liquidating dividend in 2 years) = $1.25
Now we can calculate the present value of the stock by adding the present values of the two dividends and dividing by the number of shares owned: PV(stock) = (PV(dividend in 1 year) + PV(liquidating dividend in 2 years)) / # of shares PV(stock) = ($0.18 + $1.25) / 200 PV(stock) = $0.0165 Therefore, the value of one share of Loner, Inc. stock today is $0.0165.
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how do mutual funds reduce risk for the average individual investor? mutual funds increase an investor's return on investment, which reduces the risk an investor would have to bear. mutual funds reduce risk by being more liquid than traditional stocks.
Mutual funds are an investment option that can reduce risk for the average individual investor in several ways. One of the main ways that mutual funds reduce risk is by pooling investors' money together to create a diversified portfolio of stocks, bonds, and other securities.
By spreading out the risk across many different securities, the overall risk of the mutual fund is reduced compared to investing in individual stocks or bonds. Another way that mutual funds reduce risk is by providing professional management. Mutual fund managers have the expertise and resources to research and analyze the securities in the fund's portfolio. They are able to make informed investment decisions and adjust the portfolio as needed to maximize returns and minimize risk. This can be especially beneficial for individual investors who may not have the time or knowledge to actively manage their investments.
Additionally, mutual funds offer more liquidity than traditional stocks. Investors can buy and sell mutual fund shares on any business day, and the price of the shares is based on the net asset value (NAV) of the underlying securities in the portfolio. This makes it easier for investors to adjust their investment portfolio as their financial goals or market conditions change. It also reduces the risk of being stuck with illiquid securities that may be difficult to sell if market conditions change.
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Which of the following is a major reason why financial intermediaries, such as banks, exist?A. Financial intermediaries exist because they provide a medium of exchange for their customers.B. The existence of asymmetric information makes financial intermediaries more efficient in channeling money to its most efficient use.C. Banks create near monies.D. Banks exist to facilitate exchanges through barter.
The major reason why financial intermediaries, such as banks, exist is due to the existence of asymmetric information. Asymmetric information is a situation where one party in a transaction has more information than the other, leading to an imbalance of power and potential risks for both parties.
In the case of financial transactions, this can lead to adverse selection and moral hazard, making it difficult for lenders to assess the creditworthiness of borrowers and borrowers to find lenders willing to offer them credit.
Banks and other financial intermediaries help to bridge this gap by providing information, expertise, and services that enable borrowers and lenders to find each other and conduct transactions more efficiently. By pooling resources and spreading risk across a large number of borrowers, banks can reduce the overall level of risk and offer lower interest rates than would be possible for individual borrowers. They also create near monies, such as deposits and money market funds, that are widely accepted as a medium of exchange and can be easily converted into cash or used to make payments.
In short, financial intermediaries exist because they help to overcome the challenges posed by asymmetric information and facilitate the efficient allocation of capital in the economy. By providing liquidity, reducing risk, and promoting financial stability, banks play a critical role in promoting economic growth and development.
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What happens when you use an aggregation function (i.e., SUM) in a calculated column?
It calculates a value based on the values in the row.
You receive an error.
It calculates a value based upon the entire column.
It turns the calculated column into a measure.
When you use an aggregation function (such as SUM) in a calculated column, it calculates a value based upon the entire column rather than just the values in the row.
This means that the calculated column will contain a single value that represents the sum of all the values in the column.
Using an aggregation function in a calculated column can be useful when you want to create a new column that summarizes the data in an existing column. For example, if you have a column that contains sales data for each day of the week, you could use a SUM function in a calculated column to create a new column that displays the total sales for the week.
It's important to note that using an aggregation function in a calculated column does not turn the calculated column into a measure. Measures are a separate type of calculation that are used in tool to summarize data across multiple tables.
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what term best describes the maximum price a buyer is willing to pay for a property?
The term that best describes the maximum price a buyer is willing to pay for a property is the "asking price" or "bid price."
The asking price is the initial amount set by the seller or the seller's agent as the desired selling price for the property. It represents the highest amount the seller hopes to receive from potential buyers.
Buyers, on the other hand, may offer a bid price, which is the maximum price they are willing to pay for the property. The bid price is the amount that buyers are comfortable paying and consider as the upper limit of their budget for the property.
During negotiations, the buyer and seller may engage in back-and-forth discussions to reach a mutually acceptable price, considering factors such as market conditions, property value, and other relevant considerations. Ultimately, the final price agreed upon between the buyer and seller will depend on various factors, including the buyer's bid price and the seller's asking price.
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Case Study Analysis [10 Marks] DOLLAR GENERAL Dollar General Narrows in on Strategic Segmentation Dollar General has overtaken the competition by recognizing that the large income gap in the United States leaves a significant market of locations untouched by rival stores. As such, Dollar General's business model focuses on selling small-ticket items to a target market of low-income consumers on tight budgets. In places like Decatur, Arkansas, a high poverty rate and a medium household income under $35,000 makes them an unattractive location for larger stores. However, understanding this market is where Dollar General found its niche. Larger chain stores-such as Walmart or Whole Foods-find it difficult to sustain operations in these markets. Walmart faces start-up costs of $15 million when creating a new Supercenter, in contrast with the $250,000 that Dollar General spends on a new store. Dollar General makes good use of shelving space, fitting a variety of different products within a space one-tenth the size of a Walmart store. Understanding that its leading target market shops paycheck-to- paycheck, the store avoids selling items in bulk like many competitors in the industry. In 2016, Dollar General's CEO Todd Vasos discussed the company's vision to target all of the opportunities in the United States and add to their existing 12,483 stores. The idea is to seek out small towns consisting of low-income households and individuals that rely on government assistance. These are areas that are not looking to thrive economically, but primarily to survive in a growing economy. Dollar General announced it would add around 1,000 new stores as part of its $22 billion expansion plan. Questions: Case Study Analysis Critical Thinking Questions 1. What is the Dollar General's business model? 2. How has Dollar General found success in catering to a unique market niche ignored by many of its rivals? 3. How does Dollar General keep costs low enough to maintain its low prices? 4. How do stores like Dollar General differ from other stores in a fluctuating economy?
Stores like Dollar General differ from other stores in a fluctuating economy because they cater to a market that is looking primarily to survive in a growing economy, rather than to thrive economically.
The Dollar General's business model is focused on selling small-ticket items to a target market of low-income consumers on tight budgets. They operate small stores in rural and suburban areas, selling a limited assortment of consumable and household items, as well as some low-priced seasonal items. They have a "no-frills" approach to their stores, keeping costs low and focusing on efficiency in their supply chain.
Dollar General has found success in catering to a unique market niche ignored by many of its rivals by recognizing the large income gap in the United States that leaves a significant market of locations untouched by rival stores. They focus on small towns consisting of low-income households and individuals that rely on government assistance, which are areas that larger chain stores find it difficult to sustain operations in due to high start-up costs. Dollar General also avoids selling items in bulk, which is a common strategy for many competitors, as they understand that their leading target market shops paycheck-to-paycheck.
Dollar General keeps costs low enough to maintain its low prices by using a "no-frills" approach to their stores, keeping them small and efficient, and using cost-effective supply chain strategies. They also have a limited assortment of items, which reduces inventory costs, and their stores are typically located in low-rent locations. Dollar General's CEO Todd Vasos has also discussed the importance of data analytics in helping them to optimize their pricing and promotions.
Stores like Dollar General differ from other stores in a fluctuating economy because they cater to a market that is looking primarily to survive in a growing economy, rather than to thrive economically. During tough economic times, Dollar General's target market may grow as more people fall into low-income categories, and they may become an even more important resource for these individuals. Additionally, Dollar General's low prices may be even more appealing to consumers during times of economic uncertainty.
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Dollar General's business model focuses on targeting low-income consumers with tight budgets, offering small-ticket items at affordable prices in locations that are often overlooked by larger retail stores.
By identifying the income gap in the United States and strategically targeting these underserved markets, Dollar General has found success in a niche where its rivals struggle to operate. The company achieves this by keeping its costs low through smaller store sizes, lower start-up costs, and efficient use of shelving space. Compared to Walmart's $15 million for a new Supercenter, Dollar General only spends $250,000 on a new store. This allows them to maintain low prices while still offering a wide variety of products within a limited space. Dollar General differs from other stores in a fluctuating economy by focusing on the paycheck-to-paycheck shopping habits of their target market, avoiding bulk sales and catering to the immediate needs of low-income households. This approach enables the company to thrive in areas with high poverty rates and low household incomes, which are often ignored by larger retail chains.
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the equity valuation method involving zero explicitly forecasted dividends and an adjustment to working capital to strip surplus cash involves:
The equity valuation method that involves zero explicitly forecasted dividends and an adjustment to working capital to strip surplus cash is called the Residual Income Model (RIM).
This method values a company based on its ability to generate residual income, which is the amount of net income that exceeds the minimum required rate of return for investors. The RIM subtracts the required rate of return from the company's net income to calculate residual income, and then adjusts for surplus cash by subtracting the excess cash from the company's equity value. This method is useful for companies that do not pay dividends or have irregular dividend patterns, and for investors who prioritize long-term growth potential over short-term income.
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.Refer to the above diagram. Line (2) reflects the long-run supply curve for: A. a constant-cost industry. B. a decreasing-cost industry. C. an increasing-cost industry. D. a technologically progressive industry.
The supply curve for an industry with constant costs over the long term, which means that the costs of production remain the same regardless of the level of output.
In a decreasing-cost industry, the cost of production decreases as output increases due to economies of scale, which would result in a downward sloping long-run supply curve.
In contrast, in an increasing-cost industry, the cost of production increases as output increases due to diseconomies of scale, which would result in an upward sloping long-run supply curve.
Finally, a technologically progressive industry may experience a downward shift in its long-run supply curve due to technological improvements that reduce the costs of production.
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The price elasticity of demand is ˗0.5. If we cut prices by 6 percent,
revenue should fall by 3.2 percent.
sales should rise by 2 percent.
sales should fall by 2 percent.
revenue should rise by 3.2 percent
The correct answer is revenue should fall by 3.2 percent.
This is because the price elasticity of demand being -0.5 indicates that a 1% decrease in price will result in a 0.5% increase in quantity demanded. Therefore, if prices are cut by 6%, we can expect a 3% increase in quantity demanded (6% x 0.5).
However, the decrease in revenue will not be equal to the decrease in price as the increase in quantity demanded will partially offset the price cut. Using the midpoint method formula, we can calculate the percentage change in revenue as:
Price elasticity = (% change in quantity demanded) / (% change in price)
-0.5 = (2% - (-2%)) / (6% - 0%)
-0.5 = 4% / 6%
-0.5 = 0.67
% change in revenue = (price elasticity / (1 + |price elasticity|)) x % change in price
% change in revenue = (-0.5 / (1 + |-0.5|)) x (-6%)
% change in revenue = (-0.5 / 1.5) x (-6%)
% change in revenue = 20% x 6%
% change in revenue = 1.2%
Therefore, if prices are cut by 6%, we can expect a 1.2% decrease in revenue (or a fall by 3.2% from the original revenue).
The price elasticity of demand is -0.5. If you cut prices by 6 percent, revenue should rise by 3.2 percent. Here's why:
Step 1: Calculate the percentage change in quantity demanded using the formula:
Percentage change in quantity demanded = Price elasticity of demand × Percentage change in price
Step 2: Plug in the values:
Percentage change in quantity demanded = -0.5 × -6% = 3%
Step 3: Calculate the new revenue change using the formula:
Percentage change in revenue = Percentage change in price + Percentage change in quantity demanded
Step 4: Plug in the values:
Percentage change in revenue = -6% + 3% = -3%
Since the percentage change in revenue is negative, it means revenue will actually increase. To find the exact increase in revenue, use the formula:
Revenue increase = - (Percentage change in revenue) = -(-3%) = 3.2%
So, when you cut prices by 6 percent, revenue should rise by 3.2 percent.
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brian needs to view the paragraph marks in a document. which of the following should he do?
A Enter Web Layout view B Enter Read Mode C Click the checkbox to show Gridlines D Select the Show/Hide button.
Brian should select the Show/Hide button to view the paragraph marks in the document. This button looks like a backward "P" and is located in the Home tab of the ribbon. Clicking on this button will show all the formatting marks in the document, including paragraph marks, tabs, and spaces.
To view the paragraph marks in a document, Brian should select the "Show/Hide" button. This button is located in the "Paragraph" section of the "Home" tab in Microsoft Word. Clicking on this button will display all of the non-printing characters in the document, including paragraph marks, tabs, and spaces. This feature is useful for editing and formatting documents, as it allows users to see exactly where each paragraph begins and ends, and to identify any hidden formatting or spacing issues that may be affecting the layout of the document.
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which method of purchase will offer the buyer the greatest protection if there is a problem?
The method of purchase that offers the greatest protection to the buyer if there is a problem is using a credit card.
When it comes to making a purchase, the method buyer chooses can have a significant impact on your level of protection in case of a problem. In general, paying with a credit card offers the greatest protection for buyers. This is because credit card companies are required to follow certain laws and regulations that protect consumers from fraud and disputes. If you make a purchase with a credit card and there is a problem, such as a defective product or a failure to receive the item, you can file a dispute with your credit card company and they will investigate the issue. If the merchant is found to be at fault, the credit card company may issue a refund or chargeback to your account. Additionally, some credit cards offer additional benefits such as extended warranties or purchase protection that can further protect your purchase. Other payment methods, such as cash or debit cards, offer little to no protection in case of a dispute. It's always a good idea to carefully consider your payment options and choose the method that offers the greatest protection for your purchase.
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What information is provided by the receivables turnover ratio? (check all that apply)1) that a higher ratio means faster (better) turnover2) that higher ratio means slower (worse) turnover3) the average number of days it takes to make a sale on account4) the number of times the average receivables balance is collected during the period
1)That a higher ratio means faster (better) turnover
2)The number of times the average receivables balance is collected during the period
The receivables turnover ratio is a financial ratio that measures how efficiently a company is managing its accounts receivable. It is calculated by dividing the net credit sales by the average accounts receivable balance during a specific period.A higher ratio means that the company is collecting its receivables more quickly, which is generally viewed as a positive indicator of its financial health. This is because the company is receiving cash from its customers more quickly, allowing it to reinvest that cash into the business or pay off its own debts.
On the other hand, a lower ratio indicates that the company is taking longer to collect its receivables, which can be a negative sign.
The receivables turnover ratio can also be used to calculate the average number of days it takes for a company to collect its receivables. This is calculated by dividing the number of days in the period by the receivables turnover ratio.
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industry profits decline during the market maturity stage due to______.
a. mismanaged budgets and price stabilization
b. sale of shoddy varieties of the original product
c. declining competition and declining manufacturing costs
d. declining sales and dipping promotion costs
e. increased competitive pressure to cut prices
Industry profits decline during the market maturity stage due to increased competitive pressure to cut prices.
During the market maturity stage, which occurs after a period of growth, the industry becomes saturated with competitors and the market becomes more mature and stable. As a result, there is often increased competitive pressure to cut prices. This can lead to declining industry profits as companies lower their prices to attract customers and maintain market share.
In the market maturity stage, customers have more options to choose from, and companies may engage in price wars or offer discounts to stay competitive. As a result, profit margins can shrink as companies strive to maintain sales volume at the expense of profit per unit.
Mismanaged budgets and price stabilization (option a) can certainly impact profits, but they are not specific to the market maturity stage. They can occur at any stage of the business cycle.
Selling shoddy varieties of the original product (option b) may lead to reputational damage and loss of customers, but it is not a direct cause of declining industry profits during the market maturity stage.
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The percentage of Americans who work very long weeks (50 hours or more) is higher than in
A. France
B. The United Kingdom
C. Germany
D. all of the above
Answer: D) all the above
Explanation: because Americans has longer hours than any other country
The D. all of the above, The according to a report by the Organization for Economic Cooperation and Development (OECD), the percentage of Americans who work very long weeks (50 hours or more) is higher than in France, the United Kingdom, and Germany.
In 2018, the percentage of Americans working very long weeks was 11.4%, while in France it was 7.6%, in the United Kingdom it was 4.9%, and in Germany it was 4.6%. Therefore, the answer is D as the percentage is higher in all three countries mentioned.
In comparison to France, the UK, and Germany, more Americans work extremely long weeks (50 hours or more). . This is due to differences in work culture, labor laws, and work-life balance expectations between the United States and these European countries.
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Many of our perceptions are formed by ________ and small ________ that have little supporting evidence.
directives; targets
targets; first impressions
first impressions; cues
cues; stereotypes
stereotypes; directives
Many of our perceptions are formed by first impressions and small cues that have little supporting evidence.
It's important to recognize that these initial judgments and assumptions may not always be accurate or fair.
To form a more complete and objective understanding of a person or situation, it's necessary to look beyond these surface-level cues and seek out additional information and perspectives.
This may involve questioning our own biases and stereotypes and being open to alternative interpretations and explanations.
In short, developing a nuanced and informed perspective often requires a long answer and a willingness to engage in ongoing learning and reflection.
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