1. To determine the amount of the increase in Mengxi's retained earnings for the year ended December 31, 2019, we need to consider the net income, dividends, and stock dividends.
Net income: $60,000
Dividends declared: $22,000 (of which $17,000 were paid)
Stock dividend: 5% stock dividend with a $5,000 par value and $25,000 market value
First, let's calculate the value of the stock dividend:
Stock dividend value = Stock dividend rate * Market value
Stock dividend value = 5% * $25,000
Stock dividend value = $1,250
Next, we calculate the total dividends paid:
Dividends paid = Cash dividends - Stock dividend value
Dividends paid = $17,000 - $1,250
Dividends paid = $15,750
Now, we can calculate the increase in retained earnings:
Increase in retained earnings = Net income - Dividends paid
Increase in retained earnings = $60,000 - $15,750
Increase in retained earnings = $44,250
Therefore, the amount of the increase in Mengxi's retained earnings for the year ended December 31, 2019, is $44,250.
2. The correct answer for the effect of accounting for Claire Company's declaration and distribution of the stock dividend is:
Additional paid-in capital increased $36,000.
When a stock dividend is declared and distributed, the par value of the stock dividend is transferred from retained earnings to common stock, while the market value of the stock dividend is transferred from retained earnings to additional paid-in capital. In this case, since the stock dividend has a par value of $5 and a market value of $18, the effect on the accounts would be:
Common stock increased: 12,000 shares * $5 par value = $60,000
Additional paid-in capital increased: 12,000 shares * ($18 market value - $5 par value) = $156,000 - $60,000 = $96,000
Therefore, the correct answer is that additional paid-in capital increased $36,000.
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4 On 1 July 20-6 Mumtaz started a business. The following are her transactions for the first two weeks of trading:
Mumtaz started a commercial enterprise. the following are her transactions for the primary weeks of trading: can do economic transactions thru cellular banking using a smartphone.
Definition of transaction: something transacted specially: a trade or switch of goods, services, or funds digital transactions. b transactions plural: the often posted record of the meeting of a society or affiliation: an act, system, or example of transacting.
Examples of transactions are as follows: Paying a provider for offerings rendered or items added. Paying a seller with coins and notice so that you can attain ownership of belongings previously owned by means of the seller. Paying an employee for hours worked.
In accounting, a transaction in any financial commercial enterprise event impacts a commercial enterprise's monetary statements. because transactions include any occasion that has an economic effect on your monetary data, there are a whole lot of items that are transactions.
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which is a way to increase your net worth
Ways to increase your net worth are
Contribute more money to your retirement fund.Reduce your spending.It's time to get rid of high-interest loans.Make a contingency fund. This is further explained below.What is net worth?Generally, taking into consideration all financial assets and obligations of a person/company/household.
In conclusion, Consolidate or renegotiate your debts.
Keep your vehicles for as long as you can.
Boost your wages
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pricing is the only element of the marketing mix which gives a)rupee b) cost c) price d) sales revenue
Which of the following are examples of lifelong learning?
A. lifestyle
B. reading
C. sacrifice
D. salary
Answer:
the answer is reading
Explanation:
The correct option is B. Reading is an example of lifelong learning.
This fosters cognitive growth and may prevent cognitive deficits in memory and focus brought on by aging, such as dementia.
Why reading is the key to success?It is a powerful motivator for someone to improve in life. The more a person reads, the better his comprehension and understanding skills get. The more proficient a reader he is, the simpler it will be for him to do a task. The development of a reading habit and knowledge are related.
Reading broadens your vocabulary and boosts your concentration, memory, and self-esteem. But it also aids in stress relief and hepatization, two traits that can guarantee your academic success.
Thus, Every time a reader turns a page, they continue to learn something new. New and intriguing ideas are presented to readers on a regular basis.
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During the listing presentation, it would be appropriate for broker Ted to present the statutory written statement regarding brokerage services. Ted should also caution the sellers that until they definitely decide to list with him, they should not reveal information that may later hurt their negotiation position with a buyer because Ted might later be required to reveal that information should he be dealing with a buyer-client. What else should Ted discuss with the sellers during the listing presentation
Answer: a. The listing agreement they will use
b) Ted's office policy regarding intermediary brokerage
c) Ted's office policy regarding commission splits with "other" brokers
Explanation:
Apart from the fact that the statutory written statement regarding the brokerage services will be presented, it is appropriate for Ted to discuss the following with the sellers.
• The listing agreement they will use
• Ted's office policy regarding intermediary brokerage
• Ted's office policy regarding commission splits with "other" brokers.
These are needed to ensure that both the sellers and the buyer understands each other's stand and the agreement that are in place to ensure a smooth transaction.
You recently landed the job of a lifetimel Your gross annual salary is $100,000. Before taxes, $150 is taken out for an HSA (Health Savings Account) each paycheck, followed by medical insurance, which is 4%. Taxes are then taken out of your pay. You currently have 3 roommates, with whom you split rent and bills on an $1895 per month townhouse where utilities (gas, water, electric, cable... etc) total another $650. You have an outstanding loan that costs you $445 per month. **Assume there are 2 pay periods (4 weeks) in a month and that you are filing taxes in April 2022. 1. A) What is your gross taxable income?
B) How much is taken out ANNUALLY for: a. Federal Taxes?
b. Social Security?
c. Medicare?
C) How much money do you have left over at the end of each month after these deductions and expenses are removed?
2. You have decided to start saving for retirement. Your bank is willing to set you up with an IRA with a 9.2% APR. You need to have $925,000 in the account in 45 years to be able to retire. How much of your remaining monthly budget do you want to put into the account each month? Why did you decide on this number? Support your answer with at least 3 sentences.
3. A few years down the road you move out, buying your own home. You decide to take another look at your finances. Your outstanding loan of $445 per month only has 10 payments left on it (out of the original 60 ) with an interest rate of 11.25%. How much would it cost to pay it off on payment #51?
The loan in one payment, it would cost is 21,495.90.
Your gross taxable income would be 98,350
The following amounts are taken out annually:
a) Federal Taxes: 11,746.75
b) Social Security: 6,200
c) Medicare: 1,450
The remaining amount after these deductions and expenses are removed is 1,340.5.
If we need to have 925,000 in the account in 45 years, we would need to save 540 each month for retirement.
With an APR of 9.2%, the money we put in will grow over time.
Investing any extra income in other investment vehicles is also important to ensure retirement savings are sufficient.
To calculate the cost of paying off a loan, we can use a present value calculation.
On payment #51, the amount remaining on the loan is 19,315.29.
Using an online calculator, if we pay off the loan in one payment, it would cost 19,315.29 x 1.1125 = 21,495.90.
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Tell me 3 characteristics of money?
1.) durability
2.) acceptability
3.) scarcity
4.) portability
5.)divisibility
6.)uniformity
choose any three u want! :)
Characteristics of Money.
Answer:
(a) Divisibility
(b) Limited supply
(c) Durability
More:
(d) Portability
(e) Acceptability
(f) Uniformity
These are the characteristics of money.
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Which statement about the Statute of Frauds is correct?
O A. The statute makes contracts voidable.
O B. It requires some contracts to be in writing.
C. It makes a written contract unenforceable.
D. Its origins began in Colonial America.
Answer:
B. It requieres some contracts to be in writingExplanation:
How do the events of the nation affect the national debt?
Answer: Growing debt has a direct effect on economic growth and the opportunities available to every individual in the country. If excessive levels of debt crowd out private or public or mutual investments in capital goods or works, workers would have less to use and get from their jobs, which would translate to lower productivity work and, therefore, lower wages in multiple aspects of the country's work done. High levels of debt would affect many other aspects of the economy in the future. For eq, higher interest rates result from increased borrowing from multiple agencies and invite under the various segments of college education house loan work loan. Less education and work opportunities will need skills up for various degrees and work to be followed under any scheme.
Explanation:
If we fail to act before a stipulated time the long time fiscal challenges will remain unaddressed and unchanged. The economic crisis and the overall economic environment weaken as confidence suffers, the access to capital funds gets reduced, interest costs crowd out key investments in our future, the conditions for growth deteriorate, and our nation is put at greater risk of economic crisis. If our long-term fiscal imbalance is not addressed, our future economy will be minimized, with fewer economic opportunities for families and workers down there in their own country.The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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what to do when opening your first online store
Answer:
You share it to everyone. Marketing is the first to do
how much does it cost to install 1000 square feet of hardwood floors?
Answer:The average cost to install hardwood floors on 1,000 sq. feet is between $6,115 and $10,140 with most homeowners spending about $8,127 for materials and professional labor.
Explanation:
An auditor ordinarily sends a standard confirmation request to all banks with which the entity has done business during the year under audit, regardless of the year-end balance. One purpose of this procedure is to:
A. seek information about loans from the banks.
B. detect kiting activities that may otherwise not be discovered.
C. request that a cutoff bank statement and related checks be sent to the auditor.
D. provide the data necessary to prepare a proof of cash.
Answer:
A. seek information about loans from the banks.
Explanation:
A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.
Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.
An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.
An auditor ordinarily sends a standard confirmation request to all banks with which the entity it is auditing has done business during the year under audit, regardless of the year-end balance. One purpose of this procedure is to seek information about loans from the banks so as to examine and verify the amount that was loaned by the bank to the business entity, as well as comparing the figures (values) to that on the balance sheet.
The prosecutor replies that the Bill of Rights does not protect you from state actions. Is the prosecutor correct? Why or why not
Answer:
I would say no, because the bill of rights refers to ALL Americans. I might be wrong tho.
In a bank reconciliation, deposits outstanding are: a. subtracted from the bank balance. b. added to the book balance. c. added to the bank balance. d. subtracted from the book balance.
In a bank reconciliation, deposits outstanding are b. added to the book balance.
What is book balance?The book balance is the balance of cash in a company's general tally, while the bank balance is the balance of cash in the company's bank account. Deposits outstanding are deposits made by the company that haven't yet been recorded by the bank.
To attune the book balance with the bank balance, outstanding deposits are added to the book balance. This is because the book balance formerly includes the deposits made by the company, while the bank balance doesn't yet reflect those deposits until they're recorded by the bank.
Thus, the correct answer is b. added to the book balance.
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what happens when the government runs out of money?
Answer:
cdtdtuky ue ysruosixsyxsiysc
no one will get paid any money
1. Consider the production function Q = (0.5K1/3 + 0.5L1/3)3 . Suppose the firms want to minimize the cost of producing 8 units of output. It pays a wage rate W of $40 and capital cost R of $10. How many units of labor and capital should the firm use?
Answer:
The answer is "k= 16 units and L=0 units"
Explanation:
Given:
\(Q = (0.5K^{\frac{1}{3}} + 0.5L^{\frac{1}{3}})^3\)
Since K and L are ideal replacements, their company should select its cheapest of two for production. Its business chooses only money.
\(\to Q(K,L)=(0.5 K^{\frac{1}{3}})^3 \\\\\to 8= 0.5K^{(\frac{1}{3})}^3\\\\\to 2= 0.125 \ K \\\\\to K=16\)
\(K=16 \ units \\\\ L=0 \ units\)
When filing for funds from the illinois real estate recovery fund, complainants must provide court documents, relevant transaction documents, and ______.
Complainants are required to submit court documents, pertinent transaction documentation, and an itemized account of alleged damages when requesting money from the Illinois real estate recovery fund. The claimant must swear under oath that damages are estimated and that the assessment is as precise as the circumstances allow if an itemized statement is not available.
What are funds ?A fund is a group of funds put aside for a specific purpose. A fund may be established to fulfill a number of goals, including the development of a new civic center by the local government, the giving of educational scholarships, or the settlement of customer claims by an insurance company.
People, businesses, and governments use funds to save money. People may establish an emergency fund, also known as a rainy-day fund, or a trust fund to save money for a specific person in order to handle unforeseen expenses.
Individual and institutional investors can put money into a variety of funds with the goal of making money. Examples include mutual funds, which pool money from different investors and invest it in a wide portfolio of assets, and hedge funds, which invest the assets of high-net-worth individuals (HNWI) and institutions in a way that is meant to create returns above the market. Governments use funds, such as special revenue funds, to pay for specific public expenses.
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According to the digital disconnect and the lecture, the global digital divide is the result of _____.
According to Digital Disconnect, the global digital divide is the result of the hyper-commercialization of Internet development that only serves affluent populations/groups.
The Digital Disconnect refers to experts' examination of current theory, research, and practice in socio-digital inequality. The Digital Disconnect provides a thorough analysis of capitalism's exploitation of the Internet. As per the Digital Disconnect, it is the hypercommercialism of mainstream computing technologies that causes the global digital divide. The global digital divide refers to global discrepancies, particularly between developing countries, and developed in access to computing and information resources such as the Internet, as well as the opportunities that such access provides.
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Match the marketing objectives with the appropriate stage of the product life cycle. Group of answer choices Create product awareness and trial [ Choose ] Maximize market share [ Choose ] Maximize profit while defending market share [ Choose ] Reduce expenditure and milk the brand [ Choose ]
The product life cycle is highly effective as its helps to make decision on pricing and promotional activities.
What is the Product life cycle?The Product life cycle refers to a cycle that shows the entry, growth and decline of the product into a particular market
The marketing objective of the Intro Stage is to create product engagement and trialThe marketing objective of the Growth stage is to maximize market share.The marketing objective of the Maturity stage is to maximize profit while defending market share.The marketing objective of the Decline stage is to reduce expenditure and milk the brand.In conclusion, the product life cycle is highly effective as its helps to make decision on pricing and promotional activities.
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credit cards and car loans are a great idea for most people. True or False ?
False, credit cards and car loans are not great idea for most of the people.
It's possible to function economically without a credit card, but it's a good idea to have at least one or two in your wallet. Credit cards can provide emergency money, fund big purchases, and protect against fraud. Using credit cards responsibly is also a great way to build trust.
credit cards are safer to carry than cash and offer stronger fraud protection than debit cards. Reap big rewards without changing your spending habits. Tracking your spending is easier. Using your credit card responsibly is one of the easiest and fastest ways to build credit.
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Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
the three parts of communication
Answer:
The act of communicating involves verbal, nonverbal, and paraverbal components. The verbal component refers to the content of our message‚ the choice and arrangement of our words. The nonverbal component refers to the message we send through our body language.Explanation:
1. VERBAL COMMUNICATION
Verbal communication seems like the most obvious of the different types of communication. It utilizes the spoken word, either face-to-face or remotely. Verbal communication is essential to most interactions, but there are other nonverbal cues that help provide additional context to the words themselves. Pairing nonverbal communication with the spoken word provides a more nuanced message.
2. NONVERBAL CUES SPEAK VOLUMES
Nonverbal communication provides some insight into a speaker’s word choice. Sarcasm, complacency, deception or genuineness occur within nonverbal communication. These things are often communicated through facial expressions, hand gestures, posture and even appearance, all of which can convey something about the speaker. For instance, a disheveled speaker with wrinkled clothes and poor posture would communicate a lack of confidence or expertise. A speaker with a nice suit, who stood up straight and spoke clearly, may appear more serious or knowledgeable.
3. VISUAL COMMUNICATION
Visual types of communication include signs, maps or drawings as well as color or graphic design. These typically reinforce verbal communication, and they help to make a point. Visual aids can help a speaker remember important topics, give the audience something to look at, and generally help convey the message being presented.
what is priority mail
Answer:
Priority Mail® is our bestselling mail service. Domestic deliveries arrive in 1-3 business days3 depending on where your package starts and where it's going. Tracking and insurance are included, shipping boxes and envelopes are free, and with Priority Mail Flat Rate®, you don't need to weigh shipments 70 lbs and under.
TRUE/FALSE. convergence is likely to continue at a fast pace and new media products will quickly become available
This statement is False. While convergence in media and technology has been a significant trend in recent years, the pace of convergence and the availability of new media products may not continue at a fast pace universally.
Convergence refers to the integration and merging of different media platforms, technologies, and content. It has led to the development of new forms of media, such as streaming services, online platforms, and interactive digital content.
However, the pace of convergence can be influenced by various factors, including technological advancements, market dynamics, regulatory frameworks, and consumer behavior. It is not guaranteed that convergence will continue at a fast pace in all areas or that new media product will quickly become available. The rate of convergence may vary across different industries, regions, and specific market conditions.
While technological advancements and innovations are likely to drive further convergence in the future, the timing and extent of their impact can be unpredictable. It is important to assess the specific context and industry to determine the pace and trajectory of convergence and the availability of new media products.
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consumer expectations that the price of x will rise sharply in the future will
Consumer expectations that the price of x will rise sharply in the future will impact purchasing decisions and potentially lead to increased demand for x.
How do consumer expectations of a sharp price increase in the future affect purchasing decisions and demand?When consumers anticipate a significant rise in the price of a product, such as x, it influences their purchasing decisions. They may be motivated to buy x sooner rather than later in order to avoid paying a higher price in the future. This expectation of price appreciation creates a sense of urgency among consumers.
The increased demand for x due to consumer expectations of a price hike can have several effects. Firstly, it may result in a surge in current sales as consumers rush to secure the product at its current, presumably lower price. This sudden spike in demand can lead to temporary shortages or stockouts if the supply chain is unable to keep up.
Furthermore, the expectation of a future price increase may also drive speculation and investment in x. Investors may anticipate capitalizing on the predicted price rise by purchasing x at the current price and selling it later at the inflated price, potentially further driving up demand.
Overall, consumer expectations of a sharp price increase in the future can significantly influence purchasing decisions, driving immediate sales and potentially creating investment opportunities. It is important for businesses to consider these consumer expectations when developing pricing strategies and managing supply and demand dynamics.
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Madeline’s friends invited her to go to Cancun next year for vacation. She really wants to go, but she’s not sure if she can afford the $1,000 trip. She has $500 saved in her dresser and has one year to save the rest, but she’s not sure where to keep her money so she can maximize her savings. What is the best savings strategy for Madeline and why?
The best type of savings that Madeline would have would be the certificate of deposit.
What is savings?This is the action that has to do with actively saving up money or keeping money periodically for use at a later time period. The money that is kept is basically to be able to take care of unforeseen circumstances that may arise in the life of the person.
The certificate of deposit is the type of strategy that Madeline would be using to save up her money. This is because this strategy has a way of taking care of the issues that may come around later and still give her the the fixed time at the higher rate that would make her to leave the money for a year and still work for the other sum.
The best type of savings that Madeline would have would be the certificate of deposit.
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Review information and Discuss on Germany regarding U.S. investments in this country. What does this tell you about Germany? If you were asked to build a manufacturing facility in Germany, what would you recommend? Why?
Germany is the United States' third-largest export market and the sixth-largest foreign investor in the United States. In 2019, the United States invested $205.4 billion in Germany, while Germany invested $368.9 billion in the United States. The U.S. and Germany have a strong economic partnership, with U.S. firms investing more than $432.8 billion in Germany over the years.
This information tells us that Germany is an attractive place for investment, with a well-established economy and a stable political environment. Furthermore, it has a highly educated and skilled labor force that speaks the world's most spoken language: English. With a population of roughly 83 million people, it is also a large market for goods and services. As a result, building a manufacturing facility in Germany is a good choice.The most recommended location would be in Bavaria or Baden-Wurttemberg, both of which are among the wealthiest regions in Europe and have a history of engineering and manufacturing excellence. They also have excellent infrastructure, a highly educated and skilled labor force, and a supportive business environment. Additionally, they have good transportation networks, a strong economy, and a healthy lifestyle.
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The information included in a résumé should always relate to the job objective; if it isn’t related, it shouldn’t be included. Please select the best answer from the choices provided T F
True. It is essential to ensure that the information included in a résumé always relates to the job objective, and any unrelated information should be omitted.
The statement is true. A résumé is a concise document that provides a summary of a person's qualifications, skills, experiences, and achievements relevant to a specific job objective or position. The purpose of a résumé is to demonstrate to potential employers that an individual possesses the necessary qualifications and experiences that align with the requirements of the job they are applying for.
Including information in a résumé that is not related to the job objective can be seen as irrelevant and may distract the employer from focusing on the relevant qualifications. Employers typically spend a limited amount of time reviewing each résumé, so it is important to provide information that directly supports the job objective and highlights the most relevant skills and experiences.
When crafting a résumé, it is crucial to carefully tailor the content to match the specific job requirements and showcase how the individual's qualifications align with the needs of the employer. This includes emphasizing relevant work experience, skills, education, certifications, and achievements that demonstrate the ability to perform the job successfully.
By focusing on information that directly relates to the job objective, the résumé becomes more effective in capturing the attention of employers and increasing the chances of being selected for an interview. Irrelevant information can dilute the impact of a résumé and may give the impression that the candidate lacks focus or does not understand the requirements of the position.
Therefore, it is essential to ensure that the information included in a résumé always relates to the job objective, and any unrelated information should be omitted.
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a firm produces 12 different services and has capacity to service 360,000 customers per year. a total of 24 service workers are employed. if 270,000 customers receive service during a particular year, what is the capacity cushion during that year? multiple choice
Option B is the right choice.
The capacity cushion for a given year is 25% if 270,000 consumers are served during that year.
The right response is option b. 25%
Utilization = capacity / actual output.
Utilization = 270, 000 / 360,000 * 100% = 75%
capacity cushion = 100 utilization = 100 - 75 = 25%.
The amount of reserve capacity built into your farm business to accommodate unexpected increases in demand or brief reductions in production capacity is known as the capacity cushion. A basic rule of thumb is that over the long term, the average usage rate shouldn't be too near 100%. This is the amount that a business keeps in reserve in case demand for its goods or services suddenly increases. This aids in the case of an unanticipated production halt.
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COMPLETE QUESTION:
a firm produces 12 different services and has the capacity to service 360,000 customers per year. a total of 24 service workers are employed. if 270,000 customers receive service during a particular year, what is the capacity cushion during that year?
a) 75%
b) 25%
c) There is not enough information to determine this answer
d) 50%