A local car dealer is advertising a standard 24-month lease of $950 per month for its new XT 3000 series sports car. The standard lease requires a down payment of $4,200, plus a $1,100 refundable initial deposit now. The first lease payment is due at the beginning of month 1. In addition, the company offers a 24-month lease plan that has a single up-front payment of $25,800, plus a refundable initial deposit of $1,100. Under both options, the initial deposit will be refunded at the end of month 24. Assume an interest rate of 6% compounded monthly With the present-worth criterion, which option is preferred?
The present worth of the standard lease option is $ (Round to the nearest dollar.)
Answers
By applying the present value formula, we find that the present worth of the standard lease option is approximately $24,554.
To determine the present worth of the standard lease option, we need to calculate the present value of the monthly payments, the down payment, and the initial deposit. The present value formula is used for this calculation, taking into account the interest rate and the number of periods.
In this case, the monthly payment is $950 for 24 months, and the down payment is $4,200. The initial deposit is $1,100, and the interest rate is 6% compounded monthly. By applying the present value formula, we find that the present worth of the standard lease option is approximately $24,554.
The present worth criterion is a financial evaluation method that compares the present value of different cash flows or investment options. According to this criterion, the preferred option is the one with the higher present worth. In this case, the present worth of the standard lease option is $24,554, which serves as a basis for comparison with other alternatives.
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Related Questions
when a business pledges its accounts receivable, it transfers the right to collect cash from customers to the bank. true false
Answers
The answer is false. Accounts receivables can be transferred or pledged, which implies that you can use them as collateral to obtain financing.
Even if the lender has the receivables as security, you, as the business owner, are still in charge of pursuing payment from your clients. Accounts Receivables are pledged since the company utilises them as collateral when seeking for a line of credit. The lender, who has a legal stake in that asset, then keeps an eye on the accounts financing receivable. The firm, however, is in charge of collecting the receivables. Accounts receivable are the assets you provide to a lender as security for a pre-approved loan.
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for each of these scenarios, the fixed cost remains $160,000. use scenario manager to generate a summary report that gives the profit for each of these scenarios. which scenario yields the highest profit? which scenario yields the lowest profit? for subtractive or negative numbers use a minus sign.
Answers
Scenario 4. scenario 4 yields the highest profit as per the data. Managers shape the culture of their teams and workplaces in many/various ways.
Managers act as a bridge to senior management, translating higher-level strategies and goals into operational plans that drive the business forward.
In this position, managers hold senior management accountable for performance and accountability to frontline employees for guidance, motivation and support.
It is common for managers to feel torn between the demands of management and the needs of the people who carry out the company's work.
Managers are most often responsible for a specific function or department within an organization.
From accounting to marketing, sales, customer care, engineering, quality and all other groups, managers directly lead a team or lead a group of supervisors who oversee a team of employees.
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Complete question:
Consider the Eastman Publishing Company question and the following scenarios:
Scen 1 Scen 2 Scen 3 Scen 4 Scen 5
Vari Cost/Book $6 $8 $12 $10 $11
Access Price $46 $50 $40 $50 $60
Demand 2,500 1,000 6,000 5,000 2,000
For each of these scenarios, the fixed cost remains $160,000. Use Scenario Manager to generate a summary report that gives the profit for each of these scenarios. Which scenario yields the highest profit?
are export tariffs illegal in the United States?
Answers
Answer:
yes, however, it is legal if congress gives consent.
Explanation:
Article I, § 10, clause 2 of the United States Constitution, known as the Import-Export Clause, prevents the states, without the consent of Congress, from imposing tariffs on imports and exports above what is necessary for their inspection laws and secures for the federal government the revenues from all tariffs on imports and exports. Several nineteenth century Supreme Court cases applied this clause to duties and imposts on interstate imports and exports. In 1869, the United States Supreme Court ruled that the Import-Export Clause only applied to imports and exports with foreign nations and did not apply to imports and exports with other states, although this interpretation has been questioned by modern legal scholars.
Answer:
idk
Explanation:
idk
the adjustment for underapplied overhead
Answers
Answer: The adjustment for underapplied overhead increases cost of goods sold and decreases net operating income.
Select the correct answer.
Why are borrowing and lending money important in the United States?
A.
They ensure that people and businesses can buy what they need.
B.
They ensure that money is distributed equally and fairly to all.
C.
They ensure that the government's financial regulations are followed.
D.
They ensure that the nation can avoid an economic recession.
Answers
Answer:
A.
They ensure that people and businesses can buy what they need.
Explanation:
Borrowing involves requesting and receiving a huge sum of money in a lump sum. Households and firms borrow from lenders to finance business expansion or domestic consumption.
In the economy, borrowing is significant as it facilitates the acquisition of start-up capital, capital goods, and household developments. Without borrowing and lending, these investments and consumption would not be possible as they require large sums of money to initialize. If firms and households depended on savings for capital and consumption expenditure, the rate of economic growth would be very slow. It would take many years to achieve the substantial amount needed for expansion and development projects.
Answer:
A. They ensure that people and businesses can buy what they need.
Hope this helps!
Explanation:
Find a recent new article relating to the use/misuse of inventory/assets within a business/organization that sells inventory.
Summarize the event by writing a report on your findings. Keep in mind what is considered to be good corporate governance, ethical behavior and internal auditing and control
Answers
Stock to sales is a performance ratio this is used to decide the rate at which the corporation is liquidating its inventory. but honestly, the inventory to sales ratio measures the amount of inventory the company is wearing compared to the quantity of income that is being made.
The principle feature of inventory is to provide operations with ongoing delivery of substances. To gain this function efficiently, your enterprise needs to try to discover a candy spot between an excessive amount and too little, without ever walking out of stock.
The 3 maximum commonly used stocks are uncooked substances, work in development (WIP) inventory, and finished items. inventory refers to all the products, items, and materials bought or manufactured by means of a commercial enterprise for selling to the customer to make an income.
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Why is it hard to predict positive Moments of Reality (MORs)? A. Because they are negatively influenced by lifetime customer value. B. Because they differ by customer, and by time of year. C. Because most companies use moments of truth, which are in conflict with Moments of Reality. D.Because it is difficult to tell if a Moment of Reality is negative or positive.
Answers
Answer:
B. Because they differ by customer, and by time of year.
Explanation:
Moments of reality are hard to predict as it varies from customer to customer. All customers have different values and they rate a product or service according to their own values. Moments of reality can be positive or negative and they are influenced by customer experience.
How can selling a futures contract mitigate agricultural risk for farmers? Farmers can grow crops that are not subject to weather inclemency. Futures contracts allow farmers to trade in crops whose prices will fall in the future. Futures contracts allow farmers to store their grains in silos until the market prices rise. Farmers can pin down a price for their produce even if there is volatility in market prices.
Answers
Selling a futures contract can help mitigate agricultural risk for farmers in several ways. First, farmers can grow crops that are not subject to weather inclemency, reducing the risk of losing their entire crop due to weather-related factors. (option A)
How might farmers' exposure to agricultural risk be reduced by selling a futures contract?Additionally, futures contracts allow farmers to trade in crops whose prices are expected to fall in the future, providing them with a way to lock in a price for their produce and protect themselves from potential losses.
This can be especially helpful in times of market volatility, when prices may fluctuate wildly and farmers may be unsure about how to price their crops.
Finally, futures contracts allow farmers to store their grains in silos until the market prices rise, giving them greater control over the timing of their sales and potentially increasing their profits.
Overall, selling futures contracts can be an effective tool for farmers looking to manage risk and protect themselves against price fluctuations in the agricultural market.
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Complete question: How can selling a futures contract mitigate agricultural risk for farmers?
a) Farmers can grow crops that are not subject to weather inclemency.
b) Futures contracts allow farmers to trade in crops whose prices will fall in the future.
c) Futures contracts allow farmers to store their grains in silos until the market prices rise.
d) Farmers can pin down a price for their produce even if there is volatility in market prices.
Select the following skill that IS NOT involved in critical
thinking:
A.Creativity
B.Analogy
C.Empathy
D.Competence
Answers
Creativity is the correct option. Critical thinking is an intellectual discipline and a skill that involves analyzing information to arrive at a conclusion. The process of critical thinking involves the identification and analysis of information to establish its meaning and validity.
Creativity is a skill involved in critical thinking. It involves creating something new or finding a new way to look at a problem. Therefore, creativity is not the correct answer. Analogy is also a skill involved in critical thinking, as it involves identifying similarities between two or more concepts or situations.
Empathy is the ability to understand the feelings of others. It involves identifying with someone else's situation, feeling, or thought process. Based on the above explanation, Creativity is the correct option.
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You learned about the various types of information systems that revolve around the different data, knowledge, information, and decision-making activities at different levels in the organization. In this activity, identify and explain any three types of information systems related to specific functional areas of business that this lesson hasn’t mentioned.
Answers
An information system is a coordinated group of parts used to gather, store, and process data as well as to deliver knowledge, information, and digital goods. Information systems include the following, decision support system, transaction processing system, management information system.
Types of information systems includeDecision support system: A decision support system is an information system that analyzes business data and other information relevant to the firm.
Transaction processing system: The process of collecting, modifying, and retrieving transactions is automated by the transaction processing system. This type of information system's particular characteristic is that it improves the efficiency, dependability, and consistency of commercial transactions.
Management information system: The management information system helps managers. such as measuring and analyzing business performance, making choices, creating a business plan, and establishing processes. By examining the roles and duties, it also gives managers feedback.
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Which management functions involves analyzing information, setting goals, and making decisions about what needs to be done?
Answers
Planning involves analyzing information, setting goals, and making babout what needs to be done.
What is Planning ?
Planning is the process of establishing goals and objectives for a specific time frame, generating alternatives for the course of action to be taken, and then selecting the best course of action among the available options.
Planning involves analyzing information, setting goals, and making decisions about what needs to be done.
Planning entails gathering data, establishing objectives, and making choices on what should be accomplished. Organizing entails determining and allocating the tasks and materials required to reach the predetermined objectives.
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As a producer, you are willing to supply the most goods at the highest price. This is because the highest
price earns you the
most demand
highest costs
most profits
Answers
Answer: most profits
Explanation:
Francisco's credit card has an APR of 13%, calculated on the previous
monthly balance, and a minimum payment of 2%, starting the month after the
first purchase. His credit card record for the last 7 months is shown in the
table below.
End of
month
2
3
4
5
6
Previous
balance
$0.00
$5200.00
$5152 33
$5105.10
$5058.31
$5011.94
$4966.00
New
charges
$5200.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Payment
received
50.00
$104.00
$103.05
$102.10
$101.17
$100.24
$99.32
Finance
charges
$0.00
$56.33
$55.82
$55.31
$54.80
$54.30
S53.80
Principal
pald
$0.00
$47.67
$47.23
$46.80
$46.37
$45.94
$45.52
New
balance
$5200.00
$5152 33
$5105.10
$5058.31
$5011.94
$4966.00
$4920.47
7
How much of the $5200 charge that Francisco made during the first month
has been paid off?
Answers
Answer:
$279.53
Explanation:
The amount of the $5200 charge that Francisco made during the first month has been paid off will be the total of the principal paid which is:
Principal paid =
$47.67+$47.23+$46.80+$46.37+$45.94+$45.52
=$279.53
Therefore how much of the $5200 charge that Francisco made during the first month has been paid off will be $279.53.
Answer:
$279.53
Explanation:
a pex
The inventory turnover ratios for Proctor and Gamble over the past three years are 5.09, 5.72, and 5.92 times, respectively. Explaining the upward trend in the inventory turnover ratio requires:
Answers
Explaining the upward trend in the inventory turnover ratio requires more examination into the factor responsible for the cause of the increase in inventory turnover. Inventory turnover could be as a result of declining inventory or increasing sales.
Description of inventory turnover.Inventory turnover is an example of an activity ratio Activity ratios measure a firm's efficiency in performing daily tasks.
Inventory turnover is cost of goods sold divided by average inventory.
The higher inventory turnover is, the better. But it should be noted that a higher inventory turnover could be a s result of declining inventory or increasing sales.
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Everyone fits into only one personality type,
A.True
B.False
Answers
money earned by a business for selling goods or services to its customers represents
Answers
Money earned by a business for selling goods or services to its customers represents the revenue or income generated by the business.
Revenue is a critical component of a business's financial performance as it reflects the total amount of money the business has received for its goods or services. It is an indicator of the demand for the business's offerings and its ability to generate profits. Revenue can be further analyzed to determine the profitability of a business and its ability to cover its costs and expenses.
In a broader sense, revenue is an important metric for measuring the success of a business and its ability to grow. By increasing revenue, a business can invest in its operations, hire more staff, expand its offerings, and enter new markets. Revenue can also be used to pay off debts, reinvest in the business, or distribute dividends to shareholders.
Overall, money earned by a business for selling goods or services is a critical measure of its financial performance and success. It represents the value the business has created for its customers and is an important indicator of its ability to generate profits and grow over time.
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Suppose that Florida Bank has recently granted a loan of $2 million to Oyster Farms at LIBOR plus 0. 5 percent for six months. In return for granting Oyster Farms an interest-rate cap of 6. 5 percent on its loan, this bank has received from this customer a floor rate on the loan of 5 percent. Suppose that, as the loan is about to start, LIBOR declines to 4. 25 percent and remains there for the duration of the loan. How much (in dollars) will Oyster Farms have to pay in total interest on this six-month loan with floor and without floor?How much in interest rebates will Oyster Farms have to pay due to the fall in LIBOR?
Answers
Oyster Farms will have to pay a total interest of $95,000 on the six-month loan without the floor rate, and $100,000 with the floor rate. They will receive an interest rebate of $5,000 due to the fall in LIBOR.
Without the floor rate, Oyster Farms would have to pay interest at a rate of LIBOR plus 0.5 percent, which equals
4.25% + 0.5% = 4.75%.
With a loan amount of $2 million, the total interest payment without the floor rate would be
$2,000,000 * 4.75% = $95,000.
With the floor rate of 5 percent, Oyster Farms would have to pay interest at a rate of 5 percent, regardless of the decline in LIBOR to 4.25 percent. Again, with a loan amount of $2 million, the total interest payment with the floor rate would be
$2,000,000 * 5% = $100,000.
Since LIBOR declined, Oyster Farms will receive an interest rebate due to the fall in LIBOR. The difference between the interest payment without the floor and the interest payment with the floor is
$100,000 - $95,000 = $5,000.
Therefore, Oyster Farms will receive an interest rebate of $5,000.
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accounts payable $11,160 accounts receivable 26,900 accumulated depreciation - equipment 33,590 cash ? common stock 180,000 equipment 97,090 land 129,000 prepaid insurance 6,250 prepaid rent 3,910 retained earnings 43,870 salaries payable 4,350 supplies 670 unearned fees 3,240
Answers
Cash balance can be calculated using the given information as follows;
\(Current assets = Accounts receivable + cash + prepaid insurance + supplies = $26,900 + cash + $6,250 + $670\)
\(Current liabilities = Salaries payable + accounts payable + unearned fees = $4,350 + $11,160 + $3,240\)
\(Total assets = Current assets + land + equipment + accumulated depreciation - equipment = $26,900 + $129,000 + $97,090 + $33,590 - $97,090 = $189,580.\)
\(Total liabilities and equity = Current liabilities + common stock + retained earnings = $4,350 + $180,000 + $43,870 = $228,220.\)
Now, we can calculate the value of cash as:\(Total assets = Total liabilities and equity$189,580 = $228,220 - CashCash = $228,220 - $189,580Cash = $38,640.
Therefore, the cash balance is $38,640.\)
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Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
Have a nice day!
Help me and I will give you 30 Brainliest if your answer is correct.
"Jamie is not sure exactly what career to pursue but when she learned about the Human Services cluster, something spoke to her. Which types of career pathways are available to Jamie? Pick a career from each path and explain what it involves and where she might work if she had that job."
Answers
One of the careers from the Human Services Cluster that Jamie can consider looking at is Career Counselling.
What are Human Services Clusters?Human needs are met via activities such as counseling and mental health programs, family and neighborhood services, personal care, and consumer services in the Human Services profession cluster.
Given that Jamie herself struggled with making this choice, she should find a purpose in Career Counselling. The career pathway to becoming a career counselor is given as follows:
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If the value of the U.S. dollar changes from 1.4 euros to 1.2 euros, we would expect that the United States would experience a ________ in exports and a ________ in imports.
a) rise; rise
b) fall; fall
c) rise; fall
d) fall; rise
Answers
If the value of the U.S. dollar changes from 1.4 euros to 1.2 euros, we would expect that the United States would experience a fall in exports and a rise in imports. The correct answer is d.
A decrease in the value of the U.S. dollar relative to the euro means that the U.S. dollar has weakened, making U.S. goods and services relatively more expensive for foreign buyers. As a result, U.S. exports become less competitive in international markets, leading to a decrease in exports.
Conversely, a weaker U.S. dollar makes imported goods and services relatively cheaper for U.S. consumers. This can lead to an increase in imports as foreign products become more affordable.
Therefore, the United States would experience a fall in exports (as they become less competitive) and a rise in imports (as they become more affordable) when the value of the U.S. dollar decreases compared to the euro. The correct answer is d.
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When Tyler, a veteran, started his business, he knew he had to keep costs to a minimum and he worried about taxes. He planned to build and distribute safety goggles for construction workers and military personnel. He realized most of his business would not be through walk-in customers but rather large orders from companies. He chose to locate in a government-subsidized area called a(n) __________, where he would receive tax breaks and other government support.
Answers
Tyler chose to locate his business in an area which government offer subsized tax rate and tax break in other favor job creation called an enterprise zone.
Areas which are specially offered subsidized rate of taxes in other encourage economic development of such geographical area are called enterprise zone.
In other ensure that companies locate their offices in this zones, government offers support and gives other enticing offers in other to promote job creation in such environment.
Therefore, government - subsidized rates are enjoyed in enterprise zones.
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1. Explain why an economist would focus on real GDP rather than nominal GDP. 2. Suppose you walked into an unemployment office and found the following people: a laid-off mail Santa Claus, an unemployed auto industry worker (who is subject to callback by their company), a woman who lost her job at a manufacturer because the company relocated to Mexico, and a nurse who just moved to town because his wife recently started a new job. Assign the following labels to the people above: cyclically unemployed, frictionally unemployed, structurally unemployed, and seasonally unemployed. Thenexplain your assignment of the terms to each person.
Answers
1. An economist would focus on real GDP rather than nominal GDP because real GDP adjusts for changes in prices, which allows for a more accurate comparison of economic output over time
2. Nurse who just moved to town because his wife recently started a new job: Frictionally unemployed
Nominal GDP only measures the current dollar value of all goods and services produced, so it can be misleading when trying to compare economic growth over different time periods.
2. The labels for each person are:
Laid-off mail Santa Claus: Seasonally unemployed
Unemployed auto industry worker (who is subject to callback by their company): Cyclically unemployed
Woman who lost her job at a manufacturer because the company relocated to Mexico: Structurally unemployed
Nurse who just moved to town because his wife recently started a new job: Frictionally unemployed
Seasonal unemployment occurs when an individual's job is tied to a specific time of year, such as a mall Santa Claus. Cyclic unemployment refers to people who lose their jobs due to fluctuations in the business cycle.
Structural unemployment occurs when there is a mismatch between the skills and qualifications of workers and the available jobs in the market. Frictional unemployment occurs when people are temporarily unemployed while they search for a new job or transition into a new career.
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The three fundamental elements that motivate people to be fair are _____.
Answers
People are often motivated by different factors. The three fundamental elements that motivate people to be fair are equality, reciprocity, and optimization.
What are the motivation strategy?Employee motivation strategies are known to be the various tactics and acts used and also put together to keep employees inspired, engaged, etc., in terms of their responsibilities.
They are known to be the ways of motivating employees and it often varies by workforce, work environments, work cultures, etc.
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at an output level of 62,000 units, you calculate that the degree of operating leverage is 3.7. the output rises to 67,000 units. what will the percentage change in operating cash flow be? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answers
The percentage change in operating cash flow will be 29.82%.
To determine the percentage change in operating cash flow when the output level rises from 62,000 units to 67,000 units, you can use the degree of operating leverage (DOL). The formula for percentage change in operating cash flow is:
Percentage change in operating cash flow = DOL × Percentage change in output level
First, we need to calculate the percentage change in output level:
Percentage change in output level = (New output level - Old output level) / Old output level × 100
Percentage change in output level = (67,000 - 62,000) / 62,000 × 100 = 5,000 / 62,000 × 100 ≈ 8.06%
Now, use the given degree of operating leverage (3.7) and the calculated percentage change in output level to determine the percentage change in operating cash flow:
Percentage change in operating cash flow = 3.7 × 8.06% ≈ 29.82%
So, when the output level rises from 62,000 units to 67,000 units, the percentage change in operating cash flow will be approximately 29.82%.
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1. Define business organisation 2. write short notes on the following a. sole proprietorship b. Population - census
Answers
Answer:
A business organization is an entity or firm that is formed to carry out commercial activities
A sole proprietorship is a business organization or entity owned by an individual only.
Population census is the official counting of a particular number of people living in a particular territory, region or country at a particular time for socio-economic, demographic, political purposes.
The owner of a landscaping business has noticed that none of his competitors are including ponds or other water features in the gardens they create. The landscaper wants to determine the viability of this business opportunity What should this entrepreneur do FIRST before offering to design and build water features as part of his landscaping business? оооо
Contact the water department to see if they can support the extra demand for water.
Ask the customers in the area if they are interested in adding a water feature to their gardens.
Determine if there is a supply chain available. Perform a financial audit to determine if there is
enough money available to add the new service.
Answers
What the entrepreneur should do FIRST before offering to design and build water features as part of his landscaping business is: Ask the customers in the area if they are interested in adding a water feature to their gardens.
LandscapingSince none of his competitors are including ponds or other water features in their gardens.
When determining the viability of the business opportunity the first step is for the owner of the landscaping business to all ask the customers in the area whether they are interested in adding a water features to their garden.
Inconclusion what the entrepreneur should do FIRST before offering to design and build water features as part of his landscaping business is: Ask the customers in the area if they are interested in adding a water feature to their gardens.
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Answer:
Ask the customers in the area if they are interested in adding a water feature to their gardens...
Explanation:
QUESTION 9/10
The opportunity cost of earning an advanced college degree is that
A. You will earn more income during your career.
C. There may be a low supply of jobs in your professional field.
6. Some fields require a professional degree before you can
begin working
D. You will earn less money during the years that you are in
college.
Answers
Answer:
The opportunity cost of earning an advanced college degree is that You will earn more income during your career and some fields require a professional degree before you can begin working.
Explanation:
Opportunity costs represent the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another. Opportunity cost is the forgone benefit that would have been derived from an option not chosen.
In this case, it would be the benefit of earning an advanced college degree. It is something that may not be achievable yet aspirational to many, due to financial costs, personal situations, accessibility, etc., The cost of forgoing this opportunity would be either the ability to earn more income during your career or not having the opportunity to work in a desired field or advance significantly in a field due to lack of education.
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During the aep, on october 30, marissa enrolls in the devoted health hmo medicare advantage plan for an effective date of 1/1/2023. On november 15, marissa meets with janice of abc insurance agency and enrolls in a stand-alone prescription drug plan (pdp) also for an effective date of 1/1/2023. If marissa does not make any further changes to her medicare enrollment choices, on january 1, 2023 she will be on…
Answers
In 2018, Devoted Health launched a next-generation Medicare Advantage plan with the intention of enhancing the accessibility, compassion, and care of healthcare.
Simply enrol in the Medicare Advantage Plan of your choice during one of the enrollment periods if you want to change to a new one. When the coverage under your new plan starts, your previous plan will be immediately disenrolled.
Along with its insurance business, Devoted also intends to make money by running its own medical group in order to get there. One slide stated, "By providing clinical services, Devoted decreases the overall cost of care for Devoted's Medicare Advantage plan and also earns income and margin for Devoted's Medical Group.
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For what purpose are goods and service produced in a socialist economy
Answers
Answer: The options are missing from the question,the options are;
A) Profits
B) Their usefulness
C) To create demands
D) To meet all consumer needs.
The correct answer to the question is option D
In a capitalist economy,goods and services are being produced for the sole aim of making profits and to accumulate capital, but when we talk about the SOCIALIST ECONOMY,it differs from the capitalist economy and the sole aim is different.
Socialist economy employs a technique known as usage value in the meeting of the needs and wants of the people, this prevents the over production or under production of goods and services based on their rewards and usage.
In socialist economy,goods are services are produced and those goods and services are made directly accessible to the people that is the masses. A scarce economic resources in a socialist economy are being utilized judiciously inorder to meet the needs of the consumers and make them satisfied in every way possible.