A maize farmer in Oshikoto Region in Namibia has a production function as follows: Y=70+2x-0.02x² i. Find the level of x at which Y is maximum [3] [3] Calculate the APP, MPP and elasticity of production, when x = 30 Find the level of x maximizing net returns when Px = $1 and Py=$10,
Answers
The optimal quantity of input is given as:MPPx × Py = PxMVPx0.8 × 10 = 1MVPx = 0.125 units of xTo maximize net returns, the farmer should apply 0.125 units of x.
A production function is used by a maize farmer in Oshikoto Region in Namibia that can be represented as follows: Y = 70 + 2x - 0.02x², where Y represents the yield per acre, and x is the quantity of fertilizer used per acre.i. To find the level of x at which Y is maximum:To find the optimal level of fertilizer application that will maximize the farmer's yield, the farmer must take the derivative of the production function and equate it to zero. This implies: Y = 70 + 2x - 0.02x²dY/dx = 2 - 0.04x = 0Solving for x, 0.04x = 2, x = 50.APP is the Average Physical Product. It can be calculated by dividing the total product by the total input (that is, APP = TP/TI). MPP is the Marginal Physical Product, which is the additional production that results from increasing one unit of input.
Elasticity of production measures the responsiveness of the quantity of output to changes in the quantity of inputs. ii. To calculate the APP, MPP and elasticity of production, when x = 30:APP = (70 + 2(30) - 0.02(30)²)/30 = 3.333MPP = 2 - 0.04(30) = 0.8Elasticity = MPP × (x/Y) = 0.8 × (30/100) = 0.24.iii. To find the level of x maximizing net returns when Px = $1 and Py = $10:The farmer can maximize their profits by using the marginal value product (MVP) rule, which states that the optimal level of input usage occurs where the MVP equals the price of the input. MVP equals the marginal physical product multiplied by the price of the output. For the given scenario, Px = $1 and Py = $10.The optimal quantity of input is given as:MPPx × Py = PxMVPx0.8 × 10 = 1MVPx = 0.125 units of xTo maximize net returns, the farmer should apply 0.125 units of x.
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Related Questions
Prepare the correcting entry.
The purchase of 1200 of office equipment with a three year useful life was debited to office supplies
Answers
Describe how you have worked with another person to achieve a goal. Describe a situation, your actions, and the outcome.
Answers
To achieve an objective working in a team it is necessary that this team is integrated, where each member can contribute with ideas and knowledge.
There are also several tools and methods for teams to use to achieve organizational goals, such as using SMART Goals.
What is SMART Goals?It is a technique used to direct actions to achieve objectives and goals, the word SMART being an acronym for each factor that must be followed to achieve the goals, which are:
SpecificMeasurableAchievableRelevantTime-boundTherefore, to achieve objectives and goals working as a team, it is essential that the work is planned, directed and well structured to be successful.
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Question 1. You purchase a house for $400,000 using a 30-year
mortgage that makes monthly payments with an annualized interest
rate of 16%. How much are the mortgage payments? After 9 years you
regina
Answers
The monthly mortgage payment on a $400,000 mortgage with an annualized interest rate of 16% and a 30-year term is $2,471.82. After 9 years, you will have paid a total of $222,569.98 in principal and interest.
Here is the calculation:
Monthly payment = Principal amount * Interest rate / (1 - (1 + Interest rate)^-(Number of years * 12))
= 400,000 * 0.16 / (1 - (1 + 0.16)^-(30 * 12))
= $2,471.82
After 9 years, you will have paid off $136,556.24 of the principal amount. The remaining balance will be $263,443.76.
If you refinance the mortgage at a lower interest rate, you can save money on your monthly payments. For example, if you refinance at an interest rate of 5%, your monthly payment will be reduced to $1,654.07.
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Assume a zero-coupon bond that sells for $270 and will mature in 25 years at $1,850. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods
Answers
Effective yield to maturity is 8.00%
As, we know.
Data provided in the question:
Selling price of the bond i.e current value = $270
Future value = $1,850
Maturity time, t = 25 years
Now,
Effective yield to maturity, r = ( Future Value ) ¹⁻т -`1
Current Value
on substituting the respective values, we get
⇒ Effective yield to maturity, r = ($1.850) 1/25 -1
$270
⇒ Effective yield to maturity, r = 1.0800 - 1
or
Effective yield to maturity = 0.0800
⇒ 0.0800 × 100% = 8.00%
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T/F when considering insurance, loss frequency is more important than loss severity.
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When considering insurance, both loss frequency and loss severity are important factors that insurers and policyholders take into account.
Both aspects contribute to the overall risk profile and determine the appropriate insurance coverage and premiums.Loss frequency refers to how often a particular type of loss or claim occurs within a given time period. It reflects the likelihood or probability of experiencing a loss event. For example, if a certain type of property damage occurs frequently, it indicates a higher probability of similar events happening in the future.
Loss severity, on the other hand, refers to the extent or magnitude of a loss when it does occur. It measures the financial impact or size of the loss event.
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Which is a characteristic of judging approach
Answers
Answer:
Clarity and Closure
Explanation
Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.
Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.
Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.
the more specific the firm's advertising objectives, the:
Answers
The more specific the firm's advertising objectives, the more focused and targeted its advertising efforts can be.
Specific objectives allow the firm to tailor its messaging, creative elements, and media placements to reach the desired target audience effectively. By clearly defining objectives, the firm can allocate its resources efficiently and create advertising campaigns that resonate with the intended recipients.
Specific advertising objectives provide a clear direction and purpose for the firm's promotional activities. Instead of a vague goal like "increase brand awareness," specific objectives may include increasing brand awareness among a particular demographic, geographic area, or during a specific time period. For example, a firm may aim to increase brand awareness among millennial consumers in urban areas during the summer season. With such specific objectives, the firm can develop advertising strategies that align with the characteristics and preferences of the target audience.
Moreover, specific objectives enable the firm to measure the effectiveness of its advertising efforts accurately. By setting clear and measurable goals, the firm can track key performance indicators (KPIs) and evaluate the success of its campaigns. For instance, if the objective is to increase online sales by 20% within a specific time frame, the firm can monitor website traffic, conversion rates, and revenue generated to assess whether the objective has been achieved.
In conclusion, the more specific the firm's advertising objectives, the better it can tailor its messages, allocate resources efficiently, and measure the effectiveness of its campaigns. Specific objectives provide a clear focus and direction, allowing the firm to maximize the impact of its advertising efforts and achieve desired outcomes.
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Stock Y has a beta of 1.45 and an expected return of 16.3 percent. Stock Z has a beta of .90 and an expected return of 12.6 percent. What would the risk-free rate have to be for the two stocks to be correctly priced relative to each other?
Answers
Answer:
risk free rate= 6.55%
Explanation:
expected return= risk-free rate +Beta*(Market rate- risk-free rate )
Stock Y
16.3=Rf+1.45(Rm-Rf)
16.3=1.45Rm-0.45Rf
Rm=(16.3+0.45Rf)/1.45
Stock Z
12.6=Rf+0.9*(Rm-Rf)
12.6=0.9Rm+0.1Rf
12.6=0.9(16.3+0.45Rf)/1.45+0.1Rf
risk free rate=(12.6-10.11724138)/(0.279310344+0.1)
risk free rate= 6.55%
what kind of employees can fill the three levels of management
Answers
Answer:
hierarchy: Any group of objects ranked so that every one but the topmost is subordinate to a specified one above it.
manager: A person whose job is to manage something, such as a business, a restaurant, or a sports team.
board of directors: A group of people, elected by stockholders, to establish corporate policies, and make management decisions.
top management: company employees responsible for controlling and overseeing the entire organization
middle management: company employees that are accountable for controlling and overseeing a department
Explanation:
Most organizations have three management levels:
Low-level managers;
Middle-level managers; and
Top-level managers.
These managers are classified in a hierarchy of authority, and perform different tasks. In many organizations, the number of managers in every level resembles a pyramid.
Top-level managers
The board of directors, president, vice-president, and CEO are all examples of top-level managers.
These managers are responsible for controlling and overseeing the entire organization. They develop goals, strategic plans, company policies, and make decisions on the direction of the business.
In addition, top-level managers play a significant role in the mobilization of outside resources.
Top-level managers are accountable to the shareholders and general public.
Middle-level managers
General managers, branch managers, and department managers are all examples of middle-level managers. They are accountable to the top management for their department’s function.
Middle-level managers devote more time to organizational and directional functions than top-level managers. Their roles can be emphasized as:
Low-level managers
Supervisors, section leads, and foremen are examples of low-level management titles. These managers focus on controlling and directing.
Low-level managers usually have the responsibility of:
Chip and Charlie own a local pizza shop. The pizza was the talk of the neighborhood. When
customers suggested that they open more stores, Chip and Charlie were hesitant. They didn’t
have the money. Chip and Charlie went ahead with plans to open another shop across town.
To finance the venture, the partners formed a private corporation and sold shares of stock to
friends. They chose a legal arrangement that allowed them to avoid dual taxation.
Answers
The form of private corporation that Chips and Charlie chose is the S corporation.
An s corporation is a type of privately held corporation that elects to pass its corporate earnings through its shareholders for the purposes of federal tax. This allows a s-corporation to be taxed only once. The company does not pay federal income tax.
In order for a corporation to be classified as a s corporation, it must meet several requirements set forth by the Internal Revenue Service. Some of these requirements include:
Shareholders must not exceed 100.The corporation should be incorporated in the United States.The corporation must have only one type of shares.To learn more about s corporation, please check: https://brainly.com/question/16128695?referrer=searchResults
the clearest sign of economic growth is a(n)
Answers
The clearest sign of economic growth is an increase in the Gross Domestic Product (GDP). GDP is the monetary value of all finished goods and services produced within a country's borders in a specific time period.
It is a widely accepted measure to assess the health and progress of an economy. A rising GDP indicates that the economy is expanding, as it reflects higher production levels, increased consumer spending, and improved business investments. In turn, this growth leads to job creation, better living standards, and overall economic prosperity. In contrast, a decreasing GDP signifies economic contraction, which may result from reduced business activity, lower consumer spending, and decreased investments. Such declines can lead to job losses and reduced standards of living.
To summarize, the clearest sign of economic growth is an increase in GDP, as it serves as a comprehensive indicator of the health and progress of an economy. A higher GDP reflects the expansion of economic activities, which results in job creation, increased income levels, and better living standards for the population.
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can i doit without pay
Answers
Answer:
what?
Explanation:
The adjusted trial balance for Yondel Company at December 31, 2018 is presented below: Accounts Debit Credit Cash $ 8,000 Prepaid rent 23,000 Land 445,000 Accounts payable $ 12,000 Salaries payable 20,000 Common stock 230,000 Retained earnings 109,000 Dividends 14,000 Service revenue 340,000 Salaries expense 160,000 Rent expense 29,000 Utilities expense 32,000 Totals $ 711,000 $ 711,000 Prepare the closing entries for Yondel Company for the year ended December 31, 2018.
Answers
Answer:
Explanation:
Cash =8000
Prepaid rent = 23,000
Land = 445000
Accounts payable = 12,000
Salaries payable = 20,000
Retained earnings = 109,000
Dividends = 14,000
Service revenue = 340,000
Salaries expenses = 160,0000
Rent expenses = 29,000
Utilities expenses = 32,000
Net income = Service revenue - Salaries-Rent-Utilities-
=340,000-160,000-29,000-32,000 = 119,000
Journal
1. Debit Service revenue - 340,000
Credit income summary - 340,000
2, Debit Income summary - 221,000
Credit Salaries expenses 160,000
Credit Rent expenses 29,000
Credit Utilities expenses 32,000
3 Debit Income summary 119,000
Credit retained earnings 119,000
4 Debit retained earnings 14,000
Credit retained earnings 14,000
who here from K12? (sorry for asking this question)
Answers
Answer:
Explanation:
Answer:
Not I.
Explanation:
This is just constructive criticism, but I don't recommend listing your school here.
A container when 3/8 full,holds 15 litres of oil.How many litres of oil would be needed to fill 5 similar containers?
Answers
Answer:
200 litres of oil
Explanation:
When the container is 3/8 full, its holds 15 litres of oil.
i.e. 3/8 = 15 litres
the container need 8/8 or 1 to be full.
If 3/8 = 15 litres. or 0.375 = 15 litres
full container will be 15/0.375 x 1
=40 litres
To fill 5 such containers will requires
=40 litres x 5
=200 litres of oil
Answer:
I want brainliest lol
Explanation:
an organization’s system of inputs, throughputs, and outputs requires the internal-external feedback loops.
Answers
The primary characteristic of a negative feedback loop is that it can regulate on its own. By damping output, it stabilizes the system around an equilibrium point.
Additionally, it stabilizes after a given period of time, making it balancing feedback. The increase in this system's output stops the feedback system from being created in the future. In this system, the output obtained as feedback is intended to serve as the opposing input. Other choices are erroneous because positive feedback loops exhibit unstable behavior, inverted feedback loops operate in an inverted manner, and convoluted feedback loops are not recognized as technical term. A feedback loop is a method of leveraging a system's outputs as new inputs. This explains the procedure used in the company to enhance a service or good using input from staff or customers (the results of a service or product).
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Eds has been offered credit terms of 4/30, net 90 days. what will be the nominal annual percentage cost of its non-free trade credit if it pays 120 days after the purchase? (assume a 365-day year.)
Answers
The nominal annual percentage cost of non-free trade credit for Eds, when paying after 120 days, is approximately 16.93%.
To calculate the nominal annual percentage cost of non-free trade credit, we need to consider the credit terms and the number of days it takes for the payment to be made.
In this case, the credit terms are stated as "4/30, net 90 days." This means that the buyer (Eds) can receive a 4% discount if payment is made within 30 days. If the payment is not made within 30 days, the full amount is due within 90 days.
Given that Eds pays after 120 days, which is beyond the discount period, they will not receive the 4% discount. Therefore, the cost of the non-free trade credit will be calculated based on the full amount and the number of days beyond the discount period.
To calculate the nominal annual percentage cost, we can use the following formula:
Nominal Annual Percentage Cost = (Discount % / (1 - Discount %)) x (365 / (Payment Days - Discount Days))
In this case, the Discount % is 4% (0.04), the Payment Days is 120, and the Discount Days is 30.
Using the formula:
Nominal Annual Percentage Cost = (0.04 / (1 - 0.04)) x (365 / (120 - 30))
Nominal Annual Percentage Cost = (0.04 / 0.96) x (365 / 90)
Nominal Annual Percentage Cost = 0.0417 x 4.0556
Nominal Annual Percentage Cost ≈ 0.1693 or 16.93%
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The worldwide integration of government policies, cultures, social movements, and financial markets through trade and the exchange of ideas is known as
Answers
Globalization corresponds to global social, political and economic integration among nations.
What made globalization possible?Technological developments, such as means of transport and those related to communication, have made physically distant relationships possible, with countries connecting in search of economic and social advantages and opportunities.
Therefore, globalization is an expanding phenomenon in society, which makes multicultural and economically advantageous environments for profitability.
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Dennis is doing the bookkeeping for his business. He is determining his assets, liabilities,
and owner's equity so he can see the financial state of his business on any given day.
What financial statement would MOST likely help him with this process?
Answers
The financial statement that would most likely help Dennis with determining his assets, liabilities, and owner's equity is the balance sheet. The balance sheet is a snapshot of a business's financial position at a specific point in time. It lists the assets of the business, such as cash, accounts receivable, inventory, and property, plant, and equipment.
By examining the balance sheet, Dennis can see the financial state of his business on any given day. He can see how much cash he has available to operate his business, how much inventory he has on hand, and how much he owes to creditors. He can also see how much of the business's assets are financed by debt and how much by owner's equity. It also lists the liabilities of the business, such as accounts payable, loans payable, and accrued expenses.
Finally, it lists the owner's equity, which is the difference between the assets and liabilities. The balance sheet is an important tool for business owners, as it provides a clear picture of the financial health of the business. It allows Dennis to make informed decisions about how to manage his business and plan for its future. By regularly reviewing his balance sheet, Dennis can identify trends and take action to improve the financial performance of his business.
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1. What are the four major components of a Business Intelligence (BI) system?
Answers
A Business Intelligence (BI) system has four major components. These components include data sources, business intelligence platform, business analytics tools, and user interface.
What is a Business Intelligence system?A business intelligence system (BI system) is a computer-based system that collects, integrates, analyzes, and presents large volumes of data to assist organizations in decision-making processes. These systems transform data into meaningful insights that enable businesses to make data-driven decisions.
Components of a Business Intelligence (BI) system
1. Data sources: These are the sources of data that BI systems draw from to get insights. This can include internal sources such as transactional databases and external sources such as social media platforms.
2. Business intelligence platform: This component of a BI system deals with the storage and management of the data collected from various sources. It involves the processing of data from disparate sources to make it usable in decision-making.
3. Business analytics tools: These are tools that enable the analysis of data stored in the business intelligence platform. It includes data mining, online analytical processing (OLAP), and data visualization tools.
4. User interface: This is the component of a BI system that provides users with a way to interact with the system. It is the gateway through which users can access reports, analytics, and other business intelligence outputs. The user interface should be easy to use and provide users with the ability to manipulate data to meet their needs.
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Connie Duffy started working for Dexter Company on Thursday of this week. She worked 8 hours on Thursday and 10 hours on Friday. Her annual salary is $62,400, and she is an exempt white-collar employee.
Determine her gross pay for her first partial week of work.
Answers
Answer: $480
Explanation:
Therefore, her gross pay for her first partial week of work will be her prorated weekly salary.
To calculate this, we first need to determine her daily salary:
Daily salary = Annual salary / Number of workdays per year
Number of workdays per year = 52 weeks × 5 days/week = 260 days
Daily salary = $62,400 / 260 days = $240 per day
Since Connie worked two days (Thursday and Friday) in her first week, her gross pay will be:
Gross pay = Daily salary × Number of days worked
Gross pay = $240 per day × 2 days = $480
Therefore, Connie's gross pay for her first partial week of work is $480.
To calculate Connie Duffy's gross pay for her first partial week of work, divide her annual salary by the total number of days in a year and then multiply it by the number of days she worked.
Explanation:To determine Connie Duffy's gross pay for her first partial week of work, we need to calculate her daily pay rate and then multiply it by the number of days she worked. Since she worked 2 days in this week, her daily pay rate would be her annual salary divided by the total number of days in a year. In this case, it would be $62,400 divided by 365. Next, we multiply the daily pay rate by the number of days she worked (2 days) to find her gross pay for the first partial week. So, her gross pay would be $341.64.
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how do you finance hotel stays and what's the the growth schedule?
Answers
Answer:
I finance hotel stays through savings.
Explanation:
Every person has different sources of income. It is dependent on the person how he uses his income. If he saves some amount of money he can spend that money on the vacations. This is great source of getting relaxed and the person will feel refreshed again. The hotel stays can be funded through savings and other incomes.
How do you give brainliest?
I cant figure it out.
Answers
Answer:
for example, click the crown next to my question :)
Explanation:
who uses financial institutions?
Answers
Answer:Financial institutions encompass a broad range of business operations within the financial services sector including banks, trust companies, insurance companies, brokerage firms, and investment dealers. Financial institutions can vary by size, scope, and geography
Explanation:
Answer:
The answer is: comercial banks, investment banks, brokerage firms, insurance companies, and asset management.
Which one of the following is not a control procedure used for over-the-counter receipts?
A. Pre-numbered checks are used to buy supplies.
B. Providing the customers with an itemized receipt.
C. Use of a cash register where the amount rung up is clearly visible to the customer.
D. A cash register's tape is locked in the register and only a supervisor can access it.
Answers
pre-numbered checks are used to buy supplies and are not a control procedure used for over-the-counter receipts.
pre-numbered formsReceipt books, license books, Local Purchase Orders (LPO), payment requests, and any other pre-numbered document used in the receipt or expenditure of public funds are examples of pre-numbered forms. Banks and retail chains will also play a crucial role in the last round of cash withdrawal from circulation. Pre-numbered Forms include receipt books, license books, Local Purchase Orders (LPO), payment requests, and any other pre-numbered document used in the receipt or expenditure of public funds.
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What is the answer I chose the one I thought was the answer
Answers
Answer: I think that ones the answer too
Answer:
c is
Explanation:
Calculate the nominal annual cost of trade credit under each of the following terms. Assume a 365-day year. Do not round intermediate calculations. Round your answers to two decimal places. 1/15, net 20. % 2/10, net 55. % 3/10, net 45. % 2/10, net 45. % 2/15, net 35. %
Answers
The nominal annual cost of trade credit for each is:
18.62%28.22%16.55%37.24%Calculations and ParametersNominal cost of trade Credit = Discount percentage/100- discount percentage * 365/Day Credit 0/s-Discounts period .
1/15, net 20
Here,
Discount percentage = 1 Discount period = 20 day Day credit OKS = 15 days.Nominal cost of trade credit = 1/100 - 1 x 365/20- 15 = 78.73%.
1. 2/10 net 50.
Nominal cost of trade credit = 2/100-2 * 365/50-10= 18.62%
2. 3 /10 net 50.
Nominal cost of trade credit = 3/100-3 * 365/50-10 = 28.22%
3. 2/ 10 net 55
Nominal cost of trade credit = 2/100-2 * 365/55-10 = 16.55%
4. 2/ 15 net 35 =
Nominal cost of trade credit = 2/100-2 * 365/35-15= 37.24%
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HURRY!! Sarah is working at a daycare center. She just thought of a way to streamline the way parents drop off and pick up their children. When she mentions her idea to the director, he asks her to present it at the next staff meeting. What aspect of a good professional relationship is the director demonstrating?
Group of answer choices
Trust
Respect
Boundaries
Diversity
Answers
Answer:
Explanation:
Trust
A customer who complains and is loud is o a high-roller customer O a chronic complainer an aggressive customer O a meek customer
Answers
Answer:
Answer:it is the high roller customer
Answer:it is the high roller customer Explanation:
Answer:it is the high roller customer Explanation: best and it willing to pay for it he or she expect the absolute
A customer who complains loudly is C. an aggressive customer.
Who is an aggressive customer?An aggressive customer can be identified with some of the following characteristics:
Complains loudly.Tends to be unreasonable or unpredictable. Makes impossible demands.Refuses to acknowledge timeframes or accept the resolution processes.Uses inappropriate comments with lots of arguments.Shouts or makes threatening gestures.Many customers who show signs of aggressiveness can be handled in a manner that reduces the tension, including:
Using own body language to show a non-threatening, open stance.Maintaining good eye contact without being confrontational.Keeping calm, slow, and steady physical movements.Respecting the aggressor's personal space.Thus, a customer who complains loudly is C. an aggressive customer.
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Select the correct answer. Which of these is an essential element of a formal email? A. sender's website B. date line C. subject line D. sender's home address
Answers
Answer:
The answer is C.
Explanation:
Email is an electronic method of sending mail to a friend, family, colleague, business partners, suppliers etc.
According to this question, the essential element of a formal email is Subject line(option C). The subject line give us the clue of what will be in the body of the mail. The subject line is like the title or the headline.
Option A is not correct because it is not usually in the mail. And this is the reason for the other incorrect options too.
Answer:
The answer is C
Explanation: