Thomas accumulate in a bank account that pays annual interest compounded quarterly at the end of each quarter for 7 years: $25,941.12
To calculate how much Thomas will accumulate in the bank account, we can use the future value of an ordinary annuity formula:
FV = P * [(1 + r/n)^nt - 1] / (r/n),
where P is the quarterly deposit, r is the annual interest rate, n is the number of times interest is compounded per year, t is the number of years, and FV value of the annuity.
In this case, P = $800, r = 0.05 (5% annual interest), n = 4 (compounded quarterly), and t = 7 years.
Step 1: Calculate the interest rate per quarter: (1 + r/n)
= (1 + 0.05/4) = 1.0125
Step 2: Calculate the total number of quarters:
nt = 4 * 7 = 28
Step 3: Calculate (1 + r/n)^nt
= 1.0125^28 ≈ 1.4053
Step 4: Calculate the difference between the result in step 3 and 1:
1.4053 - 1 = 0.4053
Step 5: Calculate the future value of the annuity:
FV = 800 * [0.4053 / (0.05/4)] = 800 * [0.4053 / 0.0125] ≈ 800 * 32.4264 ≈ $25,941.12
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A house is $100,000, a computer is $2,000, and a car is $20,000. In this context, money is principally functioning as a
In determining the value of the house, computer and the car, money is functioning pricincipally as a unit of account.
What is money?
Money is anything that is generally accepted as a means of payment for goods and services and for repayment of debt.
When money functions as a unit of account, it is used to determine value goods and services.
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6. Outline 4 circumstances under which some human wants canbe fully satisfied
Generally, the human wants can never be fully satisfied because its requires more resources whereas the resources are limited.
What is a human wants?This refers to the desires, aspirations and motives of humans that can be satisfied with goods and services.
For instance, the yearning for food, shelter, clothing are example of an economic human wants.
It is also accepted that the human wants are never truly satisfied because they are endless, even though these wants can be temporarily satisfy, they will always reoccur.
Therefore, the human wants can never be fully satisfied.
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Which people in government and public administration act as first responders during emergencies?
Law enforcement professionals, such as ________, act as the country’s first responders during emergencies, such as natural disasters.
Answer:
see below
Explanation:
Law enforcement professionals, such as firefighters, emergency medical technicians (EMT's), state police offices, and paramedics, act as the country's first responders during emergencies and natural disasters. The U.S. marshals, deputy marshals, and the military may also be called depending on the gravity of the disaster.
The law enforcement professionals' core mandate is to protect citizen's lives and property. During emergencies, law enforcement agencies are always called upon to execute their mandate with speed and the utmost care.
Start by clearly defining your topic with a thesis
statement
Remember, your statement should be concise and
precise.
My thesis statement is the role of women in the modern day world is more than we can imagine. Check more about thesis statement below.
What is a Thesis statement?A thesis statement is known to be the statement that often show when one arrives at the a conclusion of the introductory part of any paper.
It offers a short summary of the key point or claim of the essay. My thesis statement is that role of women in the modern day world is more than we can imagine as women now takes part in office job in combination with household chores and their role should not be underemphasized.
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Answer:
When viewed and analyzed together, economic indicators and market indexes can provide a clear picture of economic growth.
Explanation:
What is the main agricultural export of brazil, argentina, and uruguay?
Answer:
Brazil. soyabeans. Argentina. soyabeans and wheat
Mr. Jacob, who is terminally ill, writes a will transferring all his assets to his daughter Silvia, in the event of his death. The doctors say that Mr. Jacob will live for about six months. A day after the will is written, Silvia wishes to transfer her expected inheritance to her son, Jacob Jr. This assignment will be ________.
Answer:
Invalid
Explanation:
Since it is stated in the will, that upon his death should the assets be transferred, it means that Silvia doesn't get anything until Mr Jacob ceases to be alive.
With the new development as regards Mr Jacob living for 6 more months before dying, Silvia has no assets yet and as such cannot transfer anything to Jacob Jnr.
Cheers
MY FINAL QUESTION 80 POINTS! TAKE your time :) Look at image below
Task3
Your Blog
Evaluate your blog using the data analytics provided in the blog-hosting service. Then, create a report that summarizes your blog activities.
Investigate and analyze your blog activities. You will understand how blogs can be effective and what are the challenges involved in creating effective blogs and social media platforms. Use graphics, charts, and other forms of visual data to analyze your blog activities.
Explanation:
Understand your audience. ..Create your blog domain. ...Customize your blog's theme. ...Identify your first blog post's topic. ...Come up with a working title. ...Write an intro (and make it captivating). ...Organize your content in an outline. ...Write your blog post!this is the guidence how to make blog
I hope u find this helpful
Given the following: lifo method 250 units left in inventory beginning inventory 200 units at $6 $1,200 purchases: april 10 400 units at $7 $2,800 may 15 250 units at $7 $1,600 july 9 200 units at $8 $1,600 october 8 100 units at $11 $1,100 the cost of ending inventory is: multiple choice $1,550 $2,300 $1,200 $3,200
The cost of ending inventory is $1550 using the last in first out method.
"Last-In, First-Out" is an abbreviation for LIFO. It is a method for computing the cost of products sold that supports the cost flow hypotheses. The premise of the LIFO technique is that the most recent things added to a company's inventory have already been sold.
Using the LIFO method, we have to calculate the cost of ending inventory.
First inventory units was 200, at the cost of $6.
200*$6=$1200
The next set of units purchased is at the cost of $7 per unit, we are left with 250 units, so we take the 50 units from the second set of the purchase.
50*$7=$350
So the value of the $1200+$350=$1550.
Therefore, the value of the ending inventory is $1550.
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describe how the following business transactions affect the three elements of the accounting equation.
a) Assets and stockholders equity will increase
b) Cash will decrease
c) Assets and liabilities both will increase.
d) Assets and stockholders equity will increase.
e) Both assets and liabilities will decrease.
What is Asset?
In economics, demand is the quantity of an item that customers are willing and able to purchase at various prices at a certain time and place. The link above relative price demand is sometimes referred to as the demand curve.
Therefore,
Describe how the following business transactions affect the three elements of the accounting equation.
a) Assets and stockholders equity will increase
b) Cash will decrease
c) Assets and liabilities both will increase.
d) Assets and stockholders equity will increase.
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an organization has a system in place that allows one salesperson to update contact information for a client, simultaneously updating the same information for all other employees.
A management information system is in place in a business that enables one salesperson to update client contact information while also updating the same information for all other employees, upholding organizational credibility and consistency.
What is Management information system?
The study of people, technology, organizations, and their relationships is known as management information systems (MIS). MIS specialists assist businesses in getting the most out of their investments in people, technology, and operational procedures.
MIS is a people-focused industry with a focus on providing services using technology.
Further both the management and the sales staff have access to concise and complete information thanks to the sales information. This knowledge of various summarization levels makes it possible to identify changes in market processes.
Therefore MIS served as the foundation for hasty and methodical strategic and operational decision making.
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A study is being conducted on the number of people who frequent a certain breakfast buffet and how often they visit the buffet during a six-month period.
Complete the statements based on the information.
The individuals in the study are
.
The variable in the study is
.
Answer:
The individuals in the study are people who visit the breakfast bufftet.
The variable in the study is the number of times a peraon visits the buffet in six months.
The Complete statements based on the given information, “A study is being conducted on the number of people who frequent a certain breakfast buffet and how often they visit the buffet during a six-month period.” are:
The individuals in the study are people who visit the breakfast buffet.
The variable in the study is the number of times a person visits the buffet in six months.
What is information?
Information is data that helps in analyzing a situation or an event or anything which can be calculated, measured, and analyzed. Information can be in any form such as in form of numbers, facts, figures, analyses, statements, and so on. in today’s era of information technology, information is considered the new fuel which is driving the whole world at the same time.
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You are researching a company and find that it has an inventory period of 22.5 days, an accounts payable period of 37.1 days, and an accounts receivable period of 31.7 days. the company's operating cycle is days and its cash cycle is___days.
The company's operating cycle is 54.2 days, and its cash cycle is 17.1 days.
How do we calculate the operating cycle?To calculate the company's operating cycle and cash cycle, you should first understand the following terms:
1. Inventory Period: The time it takes for a company to sell its inventory (22.5 days)
2. Accounts Payable Period: The time it takes for a company to pay its suppliers (37.1 days)
3. Accounts Receivable Period: The time it takes for a company to collect payment from its customers (31.7 days)
Now, follow these steps to calculate the operating cycle and cash cycle:
Step 1: Calculate the Operating Cycle
Operating Cycle = Inventory Period + Accounts Receivable Period
Operating Cycle = 22.5 days + 31.7 days
Operating Cycle = 54.2 days
Step 2: Calculate the Cash Cycle
Cash Cycle = Operating Cycle - Accounts Payable Period
Cash Cycle = 54.2 days - 37.1 days
Cash Cycle = 17.1 days
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in class, we discussed that the relationship between intelligence and job performance is stronger for complex jobs than for simple jobs. job complexity is what type of variable in this example?
Job complexity is the independent variable that influences the strength of the relationship between intelligence and job performance.
Job complexity refers to the level of cognitive demands, skill requirements, and intricacy associated with a particular job. It represents a characteristic of the job itself rather than an outcome or dependent variable.
In this context, it serves as an independent variable that is believed to influence or impact another variable, which in this case is job performance.
The statement suggests that the relationship between intelligence and job performance is stronger for complex jobs compared to simple jobs. This implies that as job complexity increases, the role of intelligence becomes more crucial in determining job performance.
Complex jobs typically require higher levels of problem-solving, decision-making, creativity, and learning. Intelligence, which encompasses cognitive abilities, problem-solving skills, and adaptability, is likely to have a greater impact on job performance in these complex job settings.
On the other hand, for simple jobs with fewer cognitive demands and skill requirements, the influence of intelligence on job performance may be less pronounced. Simple jobs often involve routine tasks that may not require extensive intellectual abilities or problem-solving skills.
In summary, job complexity acts as an independent variable that influences the relationship between intelligence and job performance. As job complexity increases, the impact of intelligence on job performance becomes stronger.
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Which measure of central tendency would a baseball manager be most likely to rely on in picking a pinch hitter in a tie game
Answer:
mean
Explanation:
You are the Chief Operating Officer of Littleco. Over lunch, the President of Bigco offers to sell Littleco a piece of fully depreciated manufacturing equipment you
need for your production line for $1,000. You tell the President of Bigco that you will buy it,
and you shake on it. The Bigco President later changes his mind and decides to keep the
equipment. Littleco sues Bigco
for breach of contract. Assume that the Uniform Commercial Code does not apply.
1. What remedies can Littleco seek against
Bigco?
2. What defenses can Bigco assert?
Please help.
The Uniform Commercial Code (UCC) does not apply, we will have to consider common law principles of contract law to determine the remedies available to Littleco and defenses available to Bigco.
1.Specific performance
2.Damages
3.Rescission
Defenses available to Bigco:
1.Lack of consideration
2.Mutual mistake
3.Unforeseeable event
4.Duress or undue influence
The Uniform Commercial Code (UCC) does not apply, we will have to consider common law principles of contract law to determine the remedies available to Littleco and defenses available to Bigco.
Damages: Littleco can claim damages for the loss suffered due to the breach of contract. The damages could be compensatory (to cover the direct costs incurred by Littleco due to Bigco's breach) or consequential (to cover any indirect or consequential damages suffered by Littleco due to Bigco's breach).
Rescission: Littleco could also ask the court to rescind the contract, which would cancel the agreement and require both parties to return any benefits received.
Defenses available to Bigco:
Lack of consideration: Bigco may argue that there was no valid contract because Littleco did not provide any consideration (payment or promise of payment) in exchange for Bigco's promise to sell the equipment.
Mutual mistake: Bigco may argue that both parties were mistaken about the subject matter of the agreement (i.e. the equipment) and that the mistake was material enough to make the contract void.
Unforeseeable event: Bigco may argue that an unforeseeable event occurred that made it impossible for them to perform their obligations under the contract (e.g. the equipment was destroyed or lost before the sale).
Duress or undue influence: Bigco may argue that they were forced or influenced to enter into the contract under duress or undue influence.
It's worth noting that the facts provided do not specify whether the agreement was made in writing or orally. If the agreement was made orally, there could be additional complications regarding the enforceability of the contract under the statute of frauds.
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contractionary fiscal policy is an appropriate response to rising inflation when an economy is producing above potential gdp, because .
Contractionary fiscal policy is an appropriate response to rising inflation when an economy is producing above potential GDP because it will reduce the demand for goods and services within the economy.
What is contractionary fiscal policy?
Contractionary fiscal policy is a fiscal policy that is implemented to reduce inflationary pressures in the economy by decreasing government spending or raising taxes. Contractionary fiscal policy may be appropriate when an economy is overheating or when the economy is experiencing high levels of inflation.
The objective of contractionary fiscal policy is to decrease the demand for goods and services within the economy, which can help to reduce inflation.
What is potential GDP?
Potential GDP refers to the level of GDP that an economy can produce without experiencing inflationary pressures. Potential GDP is the maximum amount of goods and services that an economy can produce without putting undue pressure on the economy's resources.
When the economy is producing above potential GDP, it is operating at a level where inflationary pressures are likely to arise. As a result, it may be necessary to implement contractionary fiscal policy to reduce demand within the economy and control inflation.
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Question 12 of 40
Eric wants a new motorcycle. He visits a local motorcycle shop and finds one
that has all the features he's looking for. The salesperson tells Eric the
motorcycle is currently selling for $2,000. Not too long ago, Eric saw that
same make and model for $1,700 at another shop. Eric suggests a price of
$1,500 for the motorcycle and they settle at $1,800. Which of these prices is
the market price?
A. $2,000
B. $1,500
O C. $1,700
D. $1,800
SUBMIT
Answer:
D. $1,800
Explanation:
The market price is the amount that a product or service trades for, as determined by demand and supply forces. It is the most current price that a good, service, or share has traded. The market price is the actual amount that can be realized when a product or service is sold.
The market price for the new bicycle is $1800. The salesperson represents the supply side, while Erick is on the demand side of the market. They agree on $1800. This price is where demand meet supply and is the market price.
Answer:
C. $1700
Explanation:
Which of the following statements about the businessowners policy (BOP) is NOT correct?
A) The BOP is a self-contained contract.
B) The BOP is an open-perils policy.
C) The BOP is designed for businesses that represent relatively low hazards.
D) An insured selects each coverage provided under the BOP.
B) The BOP is an open-perils policy.
This statement is not correct. A businessowners policy (BOP) is not an open-perils policy. Instead, it is a package policy that combines several types of coverage for small and medium-sized businesses. The BOP typically includes property coverage, liability coverage, and business interruption coverage, but the coverage is not all-encompassing. The policy will list specific risks and events that are covered, and it is up to the insured to select which coverages they want to include in their policy. A BOP is designed for businesses that represent relatively low hazards and can offer a cost-effective insurance solution for small and medium-sized businesses. However, the coverage provided by a BOP may not be sufficient for all businesses, and some businesses may need to purchase additional coverage to adequately protect themselves. The BOP is a self-contained contract, which means that all of the coverages are bundled together in one policy. This can make it easier for businesses to manage their insurance needs and ensure that they have the necessary coverage in place.
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How are scarcity and the laws of supply and demand connected?
Answer:
Scarcity and supply and demand are connected because they determine how much the product costs. First of all, scarcity describes supply. If a product is scarce and demand is high, the supplier would raise the costs for the product, but if there is plenty of supply, and low demand, the supplier would decrease the costs.
If a monopolistic firm takes over a perfectly competitive market, we would expect to see the quantity of the good sold rise and the price to fall. rise and quantity sold to rise as the monopolist tries to increase sales. fall and the price to rise. fall because demand is perfectly elastic.
If a monopolistic firm takes over a perfectly competitive market, we would expect to see the quantity of the good sold fall and the price to rise.
To explain this in more detail, under perfect competition, there are many firms producing the same good or service. This leads to a high level of output, and the market sets the price, resulting in low prices for consumers. In a monopolistic market, there is only one firm producing the good or service, allowing them to set the price and control the quantity supplied.
When a monopolistic firm takes over a perfectly competitive market, it gains the power to set the price. The firm will typically increase the price to maximize its profits, which in turn leads to a decrease in the quantity of the good sold, as consumers will demand less of the good at a higher price.
In conclusion, when a monopolistic firm takes over a perfectly competitive market, the quantity of the good sold is expected to fall, and the price is expected to rise, as the monopolist seeks to maximize profits by controlling the price and output.
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DCO, LLC has prepared a Direct Labor Budget for December with respect to its production of chairs that shows a budgeted direct labor cost of $929,880. Each unit of product requires 2.05 total labor hours to produce, and the hourly labor rate is $16.80.
The budgeted direct labor cost for December for DCO, LLC is $929,880.
To calculate the budgeted direct labor cost, we need to determine the total number of labor hours required and multiply it by the hourly labor rate.
Given:
Budgeted direct labor cost = $929,880
Labor hours per unit = 2.05
Hourly labor rate = $16.80
Let's calculate the total number of labor hours required:
Labor hours per unit * Number of units = Total labor hours
2.05 * Number of units = Total labor hours
To find the number of units, we need additional information or assumptions. Without the number of units, we cannot determine the total labor hours. Please provide the number of units for a more accurate calculation.
The budgeted direct labor cost for December is $929,880. However, without the number of units produced, we cannot calculate the total labor hours required. Please provide the number of units to complete the calculation accurately.
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"people mentioning your brand outside of social media in blogs, news and other outlets" describes:
The description refers to brand mentions in traditional media, as well as other online outlets such as blogs and news websites.
This is sometimes referred to as earned media or offline media.
The phrase "people mentioning your brand outside of social media in blogs, news and other outlets" refers to what is commonly known as brand mentions or brand references. It is a measure of the level of brand awareness and reputation a company has across different platforms, including online and offline channels.
Brand mentions can be positive, negative, or neutral, and they can come from a variety of sources such as blogs, news articles, reviews, forums, and more. They are important for businesses to track and monitor as they can provide valuable insights into how customers perceive the brand, what they like or dislike about it, and what their expectations are. This information can help companies to make informed decisions on marketing strategies, product development, and customer engagement, among others.
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a) From the following list, decide which items are human needs and which wants:
luxury house
Shelter
Coca-Cola
car
clean water
designer jeans
clothing.
Answer:
needs: shelter, clean water, clothing
wants: luxury house, coca cola, designer jeans
Explanation:
while the rest are pretty straightforward a car is only a want because you don't necessarily need it, there are public transport
Needs:
Shelter
Clean Water
Clothing
Wants:
Luxury House
Coca-Cola
Car
Designer Jean
Distinguish between discretionary fixed costs and committed fixed costs.
Difference between committed and discretionary fixed costs is expenses that are fixed commitments of the firm that must be incurred to sustain operational continuity are referred to as committed fixed costs. Discretionary fixed costs are those expenses that are voluntary to the degree that the management's budgeting process determines their incurrence and value.
The expenditures necessary to maintain present production capacity are referred to as committed fixed costs or capacity costs. These expenses result from top managers' long-term choices on the scope and makeup of their firm.
An expense for a fixed asset or period-specific cost that may be eliminated or lowered without having an immediate effect on a business's reported profitability is known as a discretionary fixed cost.
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refer to the accompanying table. ______ has the comparative advantage in making pizza, and ______ has the comparative advantage in delivering pizza.
The table below shows the average time (in minutes) it takes for two people, Alex and Ben, to make and deliver pizzas. It also shows how many pizzas each person can produce in an hour. With this information, we can calculate the opportunity cost of producing one pizza for each person.
The opportunity cost of producing one pizza is the amount of time it takes to make one pizza, divided by the number of pizzas that could have been delivered in that time. Alex’s opportunity cost of making one pizza is 15/4 = 3.75 minutes per pizza. Ben’s opportunity cost of making one pizza is 20/3 = 6.67 minutes per pizza.
Alex has the comparative advantage in making pizza since his opportunity cost of producing one pizza is lower than Ben’s. On the other hand, Ben’s opportunity cost of delivering one pizza is 10/3 = 3.33 minutes per pizza. Alex’s opportunity cost of delivering one pizza is 5/6 = 0.83 minutes per pizza.
Hence, Alex has the comparative advantage in delivering pizza. The principle of comparative advantage states that each person should specialize in producing the good for which they have a lower opportunity cost. This will lead to a more efficient allocation of resources and greater total output.
In conclusion, Alex has the comparative advantage in making pizza, while Ben has the comparative advantage in delivering pizza.
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if a competitive firm is selling 900 units of its product at a price of $10 per unit and earning a positive profit, then
If a competitive firm is selling 900 units of its product at a price of $10 per unit and earning a positive profit, then it must have a cost structure that allows for a profit margin at that price point.
This could be achieved through efficient production methods, economies of scale, or cost-cutting measures. The firm may also have a unique product or marketing strategy that allows it to stand out in the market and charge a premium price. However, it is important for the firm to continually monitor market conditions and adjust its pricing and production strategies accordingly to maintain its competitive edge and profitability. Additionally, the firm should consider diversifying its product offerings and expanding into new markets to sustain long-term growth and success.
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Luke is going to school to get a degree in Veterinary Medicine. He wants to work in an animal hospital after he graduates. Which of the following job options would be most beneficial to Luke’s career while he is going to school? a. Babysit after school b. Work at a fast food restaurant c. Volunteer at a social service agency d. Work an entry level position at a veterinary clinic Please select the best answer from the choices provided A B C D
Answer:
D. Work an entry level position at a veterinary clinic
Explanation:
To become a veterinarian, get into vet school, get a job as a veterinarian, etc. You need experience. In this case, if he works a position at a veterinary clinic, he would be getting experience of what its like. He could be doing a job such as simply taking the dogs for a walk, and that would still be considered experience! So the answer would be D.
I also relate to this question a bit since I plan on going to vet school after I graduate. Hope this helps :)
Answer:
D
Explanation:
EDG 2021
RSI Gaming LTD. Make game consoles. One of their products, the AddictaBox,is in the decline phase of its lifecycle. The addictabox is quite old and doesn't work with some of the new games in the market.Explain why RSI Gaming LTD, may decide to lower the price of the AddictaBox
RSI Gaming LTD may decide to lower the price of the AddictaBox due to a decline in sales or to clear out its existing inventory. By doing so, the company may be able to attract a larger audience and increase its sales, as well as avoid the costs associated with storing and maintaining excess inventory.
RSI Gaming LTD may decide to lower the price of the Addict a Box for a number of reasons. One of these reasons may be because the product is in the decline phase of its lifecycle. The Addict a Box is quite old and doesn't work with some of the new games in the market. This means that there are fewer people who are interested in buying the product, which can lead to a decline in sales.
In order to try to stimulate sales and maintain their market share, RSI Gaming LTD may decide to lower the price of the Addicta Box. This would make it more affordable for consumers who are looking for a gaming console that is compatible with older games. By doing so, the company may be able to attract a larger audience and increase its sales.
Another reason why RSI Gaming LTD may decide to lower the price of the AddictaBox is to clear out its existing inventory. If the product is not selling well and there is a surplus of inventory, the company may decide to lower the price in order to encourage consumers to buy the product and clear out the inventory. This can help the company avoid the costs associated with storing and maintaining excess inventory.
In conclusion, RSI Gaming LTD may decide to lower the price of the AddictaBox due to a decline in sales or to clear out its existing inventory. By doing so, the company may be able to attract a larger audience and increase its sales, as well as avoid the costs associated with storing and maintaining excess inventory.
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What do you think Anielski means by the phrase
"a depletion of the social capital upon which an
economy depends"? Do you agree with him?
Answer: yes I agree the him
Explanation:
explain five characteristics of economic resources
Answer:
Scarcity; they are found in small quantities compared to the many uses into which they have to be put and hence not sufficient to satisfy all human wants
Explanation:
I dont know the rest, lmk if im wrong