Media firms produce two commodities, namely content and audience. Content refers to the actual products created by media firms, including articles, videos, podcasts, and other forms of media.
This content is then distributed through various channels, such as television, radio, print, and online platforms. The goal of media firms is to create high-quality content that will attract and retain audiences.
Audience refers to the people who consume media content. Media firms produce content in order to attract and retain an audience, as this audience is the key to generating revenue through advertising, subscriptions, and other forms of monetization. Media firms work hard to build a loyal and engaged audience, as this allows them to command higher advertising rates and generate more revenue overall.
In summary, media firms produce two commodities: content and audience. They create high-quality content in order to attract and retain an audience, which in turn generates revenue through advertising and other forms of monetization.
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1) The skills and knowledge a person has acquired through experience and/or
education.
O Human Capital
O Entrepreneurial talents
O Physical Capital
O Perfect competition
Answer:
O Human Capital
Explanation:
Human capital is an employee's knowledge, skills, and competencies that a company uses in productivity. It is the attributes of labor that impact production and influence compensation. Human capital is enhanced through education, job training, work experiences, and research.
Human capital is compensated through wages and salaries. Its cost is monetized as labor and is one of the factors of production.
Help
Subject: Seasonal Product Vendors
>
се
Hi,
The Seasonal Product Team needs a vendor who can quickly adjust to changes in product demand. The Planning Team has sent
over a table comparing how the four available vendors have been performing. Can you identify which vendor to recommend?
Thank you,
Nadia Loomis
Task
Instructions
Rank order the vendors, keeping the Seasonal Product Team's needs in mind.
Flexibility
Customer Issues
Quantity Shipped
Shipped On Time
Rank
Vendor
1
D
.
.
1
.
2
K
.
.
3
V
.
.
.
.
4
Р
O
1
Based on the table provided, I would recommend Vendor K as the best option for the Seasonal Product Team's needs.
Vendor K appears to be the most flexible, with a high score of 4 for Flexibility, indicating their ability to adjust to changes in product demand. They also have a high score of 4 for Quantity Shipped, indicating their capacity to meet the required product demand.
In terms of customer issues, Vendor K has a score of 2, which is relatively low compared to the other vendors, indicating that they have fewer customer issues. Additionally, they have a score of 3 for Shipped On Time, which is the second-highest score among the vendors, indicating that they have a good track record of timely deliveries.
Overall, Vendor K appears to be the most well-rounded option for the Seasonal Product Team's needs.
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logical fallacy Well, what form of government do you want, a government by liberal do-gooders ready to spend your hard-earned dollars or a government led by business minds that understand how to live within a tight budget and generate jobs that put people to work. Group of answer choices
Answer:
i don´t nou sorry
Explanation:
When Employees Like/Dislike Their Work Environment, They Will Respond In Some Ways. This Means Employees Can Express Job Satisfaction/Dissatisfaction In A Number Of Ways. In Half A Page, Provide Your Inputs To The Above Statement By 3.1 Contrasting Behaviours That Employees Practice To Respond To Job Satisfaction And Job Dissatisfaction. Validate Your
When employees like/dislike their work environment, they will respond in some ways. This means employees can express job satisfaction/dissatisfaction in a number of ways. In half a page, provide your inputs to the above statement by
3.1 Contrasting behaviours that employees practice to respond to job satisfaction and job dissatisfaction. Validate your answers with relevant practical examples.
When employees are satisfied with their work environment, they may exhibit behaviors such as increased productivity, higher engagement, and a positive attitude towards their work.
On the other hand, when employees are dissatisfied with their work environment, they may display contrasting behaviors such as decreased productivity, disengagement, and a negative attitude towards their work. Examples of such behaviors include absenteeism, lack of motivation, and decreased effort put into tasks.
For instance, dissatisfied employees may frequently take unplanned leaves, show little interest in organizational activities, and exhibit a general lack of enthusiasm towards their job responsibilities. It is important to note that these behaviors are not exhaustive and can vary from individual to individual.
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Hi
im reading this text and confuse about the meaning, could you please explain to me?
it means 1% or 100% ?
"""in particular, they are subject to the non-affectation principle, according to which all expenditures are covered by the public budget, and in return all the revenue goes to the public treasury. All revenue gained is "taxed" by the public treasury (((((at one hundred per cent))))) as the subsidy is correspondingly reduced. """
thank you
In the given context, the phrase "taxed by the public treasury at one hundred per cent" means that all revenue gained is fully collected by the public treasury.
It implies that any income generated through subsidies or other means is completely retained by the government, leaving no portion for the recipient.
The non-affectation principle mentioned in the text states that all expenditures, including subsidies or other forms of financial assistance, are covered by the public budget. In return, any revenue generated from those subsidies is completely collected or "taxed" by the public treasury, with no portion remaining for the recipient. This implies that the subsidy received is reduced in proportion to the revenue gained.
To summarize, the statement indicates that the public treasury collects all revenue gained at a rate of one hundred per cent, leaving no portion for the recipient as the corresponding subsidy is reduced accordingly.
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According to the video, which employer hires most career Firefighters?
city and country fire departments
chemical and manufacturing plants
airports
agencies that fight forest fires
The first choice, which refers to both city and rural fire departments, is correct.
What do firefighters contribute to society?A firefighter is a first officer on the scene and rescuer who has received extensive training in firefighting. Their main duty is to put out dangerous fires that endanger men's careers, their property, and the environment.They may also be required to protect the life of livestock in specific circumstances or jurisdictions.. A female firefighter is less commonly referred to as a firewoman than a male firefighter.
One of the three basic emergency responders is the fire service, typically known as the fire dept or fire department in multiple countries. There are now firefighters everywhere in the world, both on ships and in cities..
Throughout a firefighter's career, the skills necessary for safe operations are routinely practised throughout training evaluations. Introductory firefighting techniques are typically taught in fire academies or training programmes that have received municipal, regional, or state approval. Further knowledge and credentials in fields like technical rescue and pre-hospital medicine may also be obtained at this time, depending on the demands of a department.
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Answer:
city and country fire departments
Which of the following describes the path–goal theory? ANSWER Unselected Identifies leadership style by measuring whether a person is task oriented or relationship oriented Unselected States that successful leadership depends on selecting the right leadership style contingent on the follower’s readiness Unselected Proposes that effective group performance depends on the proper match between the leader’s style and the degree to which the situation gives the leader control Unselected Suggests that it’s the leader’s job to provide followers with information, support, or other resources necessary to achieve goals
Answer:
I. The least preferred co-worker (LPC) questionnaire.
II. The situational leadership theory (SLT).
III. Fiedler contingency model.
IV. Path-goal theory.
Explanation:
A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her.
Some types of power expressed by leaders are referent power, coercive, etc.
Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information.
I. The least preferred co-worker (LPC) questionnaire: identifies leadership style by measuring whether a person is task oriented or relationship oriented.
II. The situational leadership theory (SLT): states that successful leadership depends on selecting the right leadership style contingent on the follower’s readiness.
III. Fiedler contingency model: proposes that effective group performance depends on the proper match between the leader’s style and the degree to which the situation gives the leader control.
IV. Path-goal theory: suggests that it’s the leader’s job to provide followers with information, support, or other resources necessary to achieve goals
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Which statement BEST argues that stock markets can be good for society?
The stock market helps people earn money without having to pay any taxes on their income.
The government requires all companies to participate in the stock market
The stock market allows individuals to invest money and create more money.
Answer:
C
Explanation:
Answer:
C.
The stock market allows individuals to invest money and create more money.
Explanation:
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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describe reasons and steps you would take to implement safe for an organization. also, what insights led you to believe that these might work and why is this a sustainable competitive strategy?
Implementing safety measures in an organization involves conducting risk assessments, developing comprehensive safety policies and procedures, and providing regular training to employees.
Implementing safety measures in an organization is crucial to protect the well-being of employees, safeguard company assets, and ensure regulatory compliance. To achieve this, the following steps should be taken:
1. Conduct risk assessments: Begin by identifying potential hazards and assessing the level of risk associated with each. This can involve inspecting work areas, reviewing accident reports, and engaging employees in the process to gain valuable insights. By understanding the risks, appropriate preventive measures can be implemented.
2. Develop safety policies and procedures: Create clear and concise safety policies that outline the organization's commitment to maintaining a safe work environment. Establish procedures for reporting incidents, handling emergencies, and addressing potential safety hazards. These policies and procedures should be communicated effectively to all employees to ensure compliance.
3. Provide regular training: Training sessions should be conducted regularly to educate employees about safety protocols and best practices. This includes training on emergency response procedures, proper use of equipment, and awareness of potential workplace hazards. Ongoing training ensures that employees are well-informed and equipped to prioritize safety in their daily tasks.
By implementing these steps, an organization demonstrates its commitment to prioritizing the safety of its employees and stakeholders. It not only reduces the risk of accidents and injuries but also fosters a culture of safety, which can lead to increased productivity, employee satisfaction, and overall organizational success. Moreover, by complying with safety regulations and industry standards, the organization can mitigate legal and financial risks associated with non-compliance.
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create a program that reads the sales for 12 months from a file and calculates the total yearly sales as well as the average monthly sales. in addition, this program should let the user edit the sales for any month.
This program can be created by first reading the sales for each month from the file.
After this, total yearly sales and the average monthly sales can be calculated. To allow the user to edit the sales for any month, a loop can be used to read the sales for each month and prompt the user for an updated value if needed. Finally, the updated sales can be written to the file.
This program can be created using a variety of languages and techniques. First, the program needs to read the sales data from the file. Depending on the file format, this may require using a library to read the data. After the data is read, a loop can be used to calculate the total yearly sales and the average monthly sales.
Once the calculations are completed, another loop can be used to prompt the user for updated sales values. Finally, the updated sales can be written back to the file. By using these steps, the program can be created to read the sales data from a file, calculate the total and average sales, and let the user edit the sales for any month.
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Explain why the sale of used goods is not included in GDP.
Used goods are not included in the current year GDP, as they were already included in the year that they were produced. GDP stands for Gross Domestic Product, and includes the values of goods and services created that year in that specific country alone.
When will the Social Security fund dry up at Its current level?
• A.
2022
© B.
2027
• C
2037
© D. 2097
© E. 2117
Answer:
c. 2037
Explanation:
As a result of changes to Social Security enacted in 1983, benefits are now expected to be payable in full on a timely basis until 2037, when the trust fund reserves are projected to become exhausted.
Chevron's 52,000 employees work for thirteen major operating companies in 180 countries. Each national unit does business according to the needs of its market. Effective management of human resources in such a complex environment is an enormous task, and the key to success is reliable, accurate management information. Thus, Chevron developed an online human resources information system, which is a critical tool in managing its human resources. As expected, one of the broad goals of the human resources information system is to help management a. prepare specific job or position descriptions. b. develop a replacement chart. c. utilize human resources efficiently to meet organizational goals. d. send greetings to employees on their birthdays. e. write a job specification for the computer programmer.
Answer:
C
Explanation:
Human resources information system is defined as an information system that is used to collect analyze and process data to aid easy administration of the human resources function in an organization . It makes use of database and computer software and hardware for this purpose .
the overall aim is to utilize human resources efficiently to meet organizational goals
Walmart can achieve a _____ using its relationships with suppliers to create an advantage that, ultimately, allows it to give customers low prices and good customer service.
Answer:
cost leadership/competitive advantage
jose loses his credit card at a crowded city park. he notifies his credit card company immediately. five days later, $4,507 is charged on the card. how much of those charges is jose liable for?
Jose is liable to none of those credit card charges.
What is a credit card?The ability to pay for goods and services from a merchant based on the cardholder's accumulated debt is provided by a credit card, which is a payment card issued to customers (cardholders). The card issuer, which is typically a bank or credit union, opens a revolving account and extends a line of credit to the cardholder. The cardholder has access to this line of credit and can borrow money from it to make purchases or obtain cash advances. There are two types of credit cards: personal and business cards. Most playing cards are made of plastic, but some are made of metal (titanium, gold, palladium, and stainless steel), some of which have gemstones embedded in them.
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A loan to a company or government that pays investors a fixed rate of truth over a specific timeframe is known as:
1. 401k
2. Tax shelter account
3. Stocks
or 4. Bonds
Answer:
4. Bonds
Explanation:
Bonds are debt instruments used by corporates and governments to raise capital. Bonds are long-term sources of capital for a business and government and also an investment option to investors.
When the government or corporate issues bonds, they promise to pay the principal amount when the bond matures. Maturity ranges from 5 to 30 years. The bond issuer also commits to pay interest on regular intervals until the bonds mature. The interest to be paid is based on the coupon rate or interest rate as specified by the bond.
Please help I'm about to fail my class and i will be grounded for life, 100 pts for it! its financial literacy
Part One–Research
Imagine you bought 100 shares of stock three years ago and are selling it today. Select a company and research its stock prices. You can start with websites like Nasdaq and Fidelity. Determine the stock's price three years ago, or the purchase price, and its price today, or the selling price.
Part Two–Determine the Real Return
Calculate the real return of your stock investment using the following information:
Purchase price of 100 shares of stock
Selling price of 100 shares of stock
10% tax rate
3% inflation rate
2% administrative fee on the selling price of the stock
Part Three–Evaluate
Analyze your research and calculations, and answer the following questions:
What company did you select to buy stock in? Why did you select the company?
Consider the real return of the stock investment. Do you consider it a wise investment? Why or why not?
1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.
Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.
2. The real return on my investment in Amazon.com Inc was a net loss of 7.12% or $667.60.
3. The company I selected to buy its stock three years ago was Amazon.com Inc.
4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.
5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.
6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.
What is the stock investment?Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.
The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).
Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)
Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)
Tax (10%) = $1,024.40 ($10,244 x 10%)
Inflation (3%) = $307.32 ($10,244 x 3%)
Administration fee on sales (2%) = $204.88 ($10,244 x 2%)
Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)
Loss on returns = $667.60 ($8,707.40 - $9,375)
Loss percentage = 7.12% ($667.60/$9,375 x 100)
Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.
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1.1.2 Explain how entrepreneurs in your community used creative thinking to generate entrepreneurial opportunities
One of the things that every leader and businessperson needs is creativity. The boundaries of an investor's thinking and skill set are removed through creativity. As a result, entrepreneurship and creativity go together perfectly.
Entrepreneurship requires enthusiasm, willpower, tenacity, and the capacity for innovation. Running a small or medium-sized business requires a lot of courage and a little bit of madness. However, creativity should be the most significant quality.
Thinking creatively is a strategy for bringing a new perspective to issues and circumstances. It is frequently referred to as "thinking outside the box" and revolves around ignoring the more conventional, orthodox, and practical approach in favor of coming up with creative solutions to issues.
Making connections between people, products, and concepts that no one has ever made before is another example of creative thinking. It can also involve recognizing patterns where others might not be able to.
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Lamonte needed to get his computer fixed. he took it to the repair store. the technician at the store worked on the computer for 4.25 hours and charged him $141 for parts. the total was $544.75. what was the cost of labor, per hour?
Answer:
Explanation:
$544.75- $141= $403.75
$403.75 divided by 4.25= 95
2) Consider the following sales promotion. What type of sales promotion is it? (Highlight one answer) ORDER 54% Welcome to Starbucks Rewards TM Join Starbucks RewardsTM to earn free food and drinks, get free refills on brewed coffee and tea, and order ahead to jump the line. JOIN NO a. Deal b. Coupon c. Premium d. Contest e. Sweepstakes f. Samples g. Loyalty Program h. Rebates Explain your answer using course concepts:
The type of sales promotion in this case is a loyalty program, specifically Starbucks Rewards.
The promotion encourages customers to join the program by offering various benefits such as earning free food and drinks, free refills on brewed coffee and tea, and the convenience of ordering ahead to skip the line.
This aligns with the concept of a loyalty program, which aims to incentivize customer loyalty and repeat purchases by providing special rewards and benefits to members. Loyalty programs are designed to create a sense of exclusivity and reward customers for their ongoing support and engagement with the brand.
Starbucks Rewards leverages the principles of customer relationship management (CRM) and customer retention. By offering exclusive perks and personalized experiences, Starbucks aims to cultivate a strong relationship with its customers and encourage them to choose Starbucks over competitors.
Overall, loyalty programs like Starbucks Rewards are effective in building long-term customer relationships, increasing customer retention, and driving repeat sales by providing added value and incentives to loyal customers.
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The economies of many countries, such as ____, are based on manufacturing electronics.
Answer:
Japan & Taiwan
Explanation:
Japan & Taiwan are examples of two countries whose economies depend on electronic manufacturing. Some of the popular Japanese electronic brands include Sony, canon, and Toshiba. These brands are household names worldwide. Taiwan brands include Acer, HTC, and Asus, which are very popular in laptops and phones.
he maximum amount Adam and Lisa are eligible to claim for the Child Tax Credit is $4,000
The Child Tax Credit is a tax credit available for taxpayers with qualifying dependent children under the age of 17. It is a nonrefundable credit of up to $2,000 per qualifying dependent.
Depending on your income, you may be able to claim a refundable portion of the credit, known as the Additional Child Tax Credit, of up to $1,400 per qualifying dependent.
Adam and Lisa, being married filing jointly, can claim up to $4,000 in total Child Tax Credit. To be eligible, they must have earned income of at least $2,500 and their filing status must be married filing jointly. They must also provide their dependents’ Social Security numbers. If their income is more than $400,000 for the year, the Child Tax Credit is phased out.
The Child Tax Credit can be used to reduce their tax liability dollar for dollar, up to the maximum credit amount of $4,000. If their tax liability is less than the credit amount, they may be eligible for the Additional Child Tax Credit, which could provide a refund.
The Child Tax Credit is a great way to help families with dependents reduce their tax bill. To maximize the benefit of the credit, Adam and Lisa should be sure to provide their dependents’ Social Security numbers on their tax return. With the potential to receive a refund of up to $4,000, the Child Tax Credit is a great way for Adam and Lisa to save money.
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elle wolfe, owner of wolfe winery wrote a company check to pay her personal credit card bill. What accounting principle did she violate
By writing a company check to pay her personal credit card bill, Elle Wolf violated the accounting principle known as "separation of business and personal expenses". This principle states that business and personal finances should be kept separate to maintain the integrity of financial records and to accurately reflect the financial position of the company.
By using a company check to pay her personal credit card bill, Elle Wolfe mixed her personal expenses with those of the business, which can lead to inaccurate financial reporting, making tracking and analyzing business expenses difficult. It can also raise concerns about the misuse of company funds.
To adhere to the separation of business and personal expenses principle, Elle Wolfe should have used personal funds or a personal check to pay her personal credit card bill. This ensures that the company's financial statements accurately reflect the true financial performance and position of the business.
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The real rate is 2.8 percent and the nominal rate is 10.3 percent. What is the expected inflation premium
The expected inflation premium in this scenario is 7.5%. The expected inflation premium represents the compensation that investors require for the expected inflation rate over the term of the investment.
The expected inflation premium can be calculated by subtracting the real rate from the nominal rate. In this case, the nominal rate is 10.3 percent and the real rate is 2.8 percent. So, the expected inflation premium can be calculated as:
Expected inflation premium = Nominal rate - Real rate
Expected inflation premium = 10.3% - 2.8%
Expected inflation premium = 7.5%
Therefore, the expected inflation premium in this scenario is 7.5%. The expected inflation premium represents the compensation that investors require for the expected inflation rate over the term of the investment. It is important for investors to consider both the nominal rate and the real rate when making investment decisions, as inflation can erode the purchasing power of their returns. By understanding the expected inflation premium, investors can make more informed decisions about their investments and better protect their returns from the impact of inflation.
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A simplified version of the discounted free cash flow valuation model assumes a zero-growth perpetuity for future cash flows. This assumption is best applied to:
Multiple Choice
mature firms with stable cash flow patterns.
start-up firms with stable cash flow patterns.
growth firms with stable cash flow patterns.
growth firms with increasing cash flow patterns.
A simplified version of the discounted free cash flow valuation model assumes a zero-growth perpetuity for future cash flows. This assumption is best applied to: Mature firms with stable cash flow patterns. The first option is correct.
Perpetuity refers to an annuity that lasts forever. For a perpetual income stream, there can be two approaches to the income statement: where a capitalization rate= discount rate minus projected growth of the earnings to be capitalized, where the projected growth can be stable which refers to zero growth, declining (negative), or increasing (positive). The zero-growth perpetuity assumption works best for mature firms because they tend to have more predictable and stable cash flow patterns, which aligns with the assumption of constant cash flows into perpetuity. Thus, out of the given options, the correct option to the question is the first one.
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23) How are consumers responsible for their own security?
A) They should always use open public networks because they are more secure than private networks.
B) They should use and regularly update an antivirus program to protect their personal information.
C) They should create simple passwords using birthdays and names instead of something more complicated.
D) They must join an identity protection service to protect themselves from identify theft.
They are responsible to use and regularly update an antivirus program to protect their personal information. The Option B.
Why is using and regularly updating an antivirus program important?The antivirus software helps detect and remove malware, viruses and other malicious programs that can compromise personal information. By keeping the antivirus program up to date, consumers ensure they have the latest protection against emerging threats.
The regular scans and real-time protection offered by antivirus software can help identify and block potential threats before they can cause harm. They should also exercise caution when browsing the internet, avoid clicking on suspicious links or downloading files from untrusted sources, and regularly update their operating systems.
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refers to the buying and selling of products and services
through an electronic medium such as the internet
O E-commerce
O Money orders
O Telegraphic money transfers
M-money
Explanation:
E commerce refers to the buying and selling of products and services through an electronic medium such as the internet.
Sheffield Company’s standard materials cost per unit of output is $8.20 (2.00 pounds x $4.10). During July, the company purchases and uses 2,700 pounds of materials costing $14,580 in making 1,500 units of finished product.
Compute the total, price, and quantity materials variances.
The total materials variance for Sheffield Company in July was $2,280 unfavorable, comprising a price variance of $3,780 unfavorable and a quantity variance of $1,500 favorable.
Sheffield Company experienced materials variances in July. The standard materials cost per unit of output is $8.20, calculated as 2.00 pounds multiplied by $4.10. During the month, the company purchased and utilized 2,700 pounds of materials, costing $14,580, to produce 1,500 units of finished products.
The total materials variance can be calculated by comparing the actual cost of materials used to the standard cost. In this case, the actual cost of materials is $14,580, while the standard cost should have been $12,300 (1,500 units x $8.20). The total materials variance is $2,280 unfavorable.
To break down the variance further, the price variance measures the difference between the actual price paid for materials and the standard price. The actual price is $14,580, while the standard price would have been $10,800 (2,700 pounds x $4.10). Therefore, the price variance is $3,780 unfavorable.
The quantity variance, on the other hand, assesses the difference between the actual quantity of materials used and the standard quantity. The actual quantity used is 2,700 pounds, while the standard quantity should have been 3,000 pounds (1,500 units x 2.00 pounds). Hence, the quantity variance is $1,500 favorable.
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Three-month European put options with strike prices of $50, $55, and $60 cost $2, $4, and $7, respectively. What is the maximum gain when a butterfly spread is created from these put options?
Answer:
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