American Airlines paid the television producer to be a part of the show. This is known as ...
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How important is money
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Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Prime cost is directly related to production. So, per unit prime cost can be calculated easily. While on the other hand, overhead does not have direct relationship with production. So, to calculate per unit cost, overhead is classified according to functions.” Explain this statement and also summarize all the overheads according to their functional classification.
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Basically, a firm's prime cost equals the total direct costs of production which includes the cost of raw materials and labor.
The prime cost equation is {Cost of raw materials + Direct labor}The overhead cost refers to those cost incurred while running a firm but can not be linked to creation of a product or service.
Overhead expenses is the cost remaining after deduction of direct labor, direct materials and direct expenses.
In conclusion, the prime cost and overhead cost are both significant in production of finished goods.
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In a truly market-oriented organization, what is the role of the CEO?
a. To hire customer-oriented executives.
b. To protect the organization from competitive actions.
c. To monitor the efficiency and capabilities of frontline employees.
d. To ensure that employees have everything they need to perform their jobs well.
e. To focus more on selling additional products to consumers.
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In a truly market-oriented organization, the role of the CEO primarily revolves around option (a) hiring customer-oriented executives.
This is because a market-oriented organization places emphasis on understanding and responding to customer needs, and creating value for its customers. The CEO, as the leader of the organization, plays a crucial role in fostering a customer-centric culture. They achieve this by hiring customer-oriented executives who understand the importance of creating value for the customers and can effectively communicate this vision throughout the company. These executives ensure that the entire organization is aligned with market orientation and customer satisfaction goals.
Additionally, the CEO has the responsibility of providing employees with the necessary resources, training, and support to perform their jobs well. This includes creating an environment where employees feel motivated to excel in their roles and contribute to the organization's success.
By focusing on these key aspects, the CEO helps the organization maintain its market-oriented approach and stay competitive. Although options (b), (c), and (e) may also contribute to the overall success of the organization, they are not the primary focus of a CEO in a market-oriented organization. Instead, the CEO should prioritize customer satisfaction and value creation by building a strong, customer-centric team and empowering employees to deliver excellent performance. The correct option is a.
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discuss how businesses can use mind mapping and brainstorming to identify new and innovative business opportunities
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Answer: A mind map can be used by businesses to brainstorm thoughts and ideas organically.
Explanation:
By plotting ideas into a diagram, you can turn often complex, monotonous information into an organized, colorful, and memorable centralized format.
What is the most important characteristic for being successful in a Supply Chain Management Career or as an SCM Major
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The most important characteristic for being successful in a supply chain management is the motivation, excitement and determination to succeed.
To have a career in Supply Chain management, you would need to perform very well in your school work.
The person would also need to have good mathematics and analytical skills that would help him or her. This would provide an understanding of supply and demand.
Also the ability to use data would be important. Especially for tracking orders and shipments.
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multiple choice question merchandise inventory that is available for sale is a(n) (asset/expense/revenue) and reported on the (balance sheet/income statement) and merchandise that is sold during the period is a(n) (asset/expense/liability) and reported on the (balance sheet/income statement). multiple choice question. asset -> income statement -> expense -> balance sheet expense -> balance sheet -> asset -> income statement asset -> balance sheet -> expense -> income statement expense -> income statement -> asset -> balance sheet
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Correct reply is asset -> balance sheet -> expense -> income statement expense
Merchandise inventory is goods that have been received via a distributor, wholesaler, or retailer from suppliers, with the intent of promoting the goods to third parties. This can be the single largest asset on the balance sheet of some sorts of businesses.
How do you use merchandise inventory?To arrive at the fee of merchandise inventory, multiply the amount of unsold inventory with the fee of each unit. This merchandise inventory value, which is commonly regarded the equal as the ending inventory, is then entered into the stability sheet.
How do you locate merchandise inventory?Accountants can calculate merchandise inventory by way of subtracting the fee of items bought from the whole stock amount. After an accounting period, accountants track unsold merchandise stock as a modern-day asset on a company's balance sheet to exhibit the cost of stock equipped to be sold.
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https://brainly.com/question/29483450#SPJ4The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount Sales $ 1,350,000 Selling price per pair of skis $ 450 Variable selling expense per pair of skis $ 49 Variable administrative expense per pair of skis $ 19 Total fixed selling expense $ 150,000 Total fixed administrative expense $ 110,000 Beginning merchandise inventory $ 60,000 Ending merchandise inventory $ 120,000 Merchandise purchases $ 290,000 Required: 1. Prepare a traditional income statement for the quarter ended March 31. 2. Prepare a contribution format income statement for the quarter ended March 31. 3. What was the contribution margin per unit?
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Answer:
Results are below.
Explanation:
Giving the following information:
Units sold= 1,350,000 / 450= 3,000
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 60,000 + 290,000 - 120,000= $338,000
Absorption costing income statement:
Sales= 1,350,000
COGS= (338,000)
Gross profit= 1,012,000
Total selling expense= (49*3,000) + 150,000= (297,000)
Total administrative expense= (19*3,000) + 110,000= (167,000)
Net operating income= $548,000
Now, the contribution margin income statement:
Sales= 1,350,000
COGS= (338,000)
Total Variable selling expense= (49*3,000)= (147,000)
Total Variable administrative expense= (19*3,000)= (57,000)
Total contribution margin= 808,000
Total fixed selling expense= (150,000)
Total fixed administrative expense= (110,000)
Net operating income= $548,000
Finally, the unitary contribution margin:
CM per unit= 808,000 / 3,000= $269.33
A 3rd degree burn has burnt only part of the epidermis. the epidermis only. the epidermis and dermis. the epidermis and part of the dermis.
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A 3rd degree burn has burnt the epidermis and part of the dermis. Option 3 is the correct answer.
A 3rd degree burn is a severe burn that extends through the entire thickness of the skin. In a 3rd degree burn, the epidermis, which is the outermost layer of the skin, and part of the dermis, which is the layer beneath the epidermis, are affected. This type of burn destroys the full thickness of the epidermis and can extend into the deeper layers of the dermis.
The epidermis serves as a protective barrier for the body, preventing the entry of harmful substances and pathogens. It also helps regulate body temperature and plays a role in the production of vitamin D. The dermis provides structural support, contains blood vessels, nerve endings, sweat glands, and hair follicles.
Due to the severity of the injury, 3rd degree burns often require medical intervention and specialized treatment. They can result in extensive tissue damage, loss of sensation, and impaired healing. Treatment may involve surgical interventions, such as skin grafting, to promote healing and minimize the risk of infection. Rehabilitation and long-term care are often necessary to manage the physical and psychological effects of a 3rd degree burn.
Hence, option 3 is the right choice.
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Which is an example of a negative incentive for producers?
a. a chance to make more money b. a special sale at a department store c. a coupon clipped from a newspaper d. a sharp increase in production costs
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A sharp increase in production costs is an example of a negative incentive for producers. Thus, option D is correct.
Poor incentives are a strategy employed by managers to encourage their staff to work effectively so as to prevent a poor outcome. Instead of providing a reward for reaching a target, a manager can advise a punishment if the employee falls short of it, such as forfeiting a bonus or a potential vacation day, being written up, or, in the worst situations, being demoted.
The purpose of negative incentives is the same as that of any other form of employee motivation: to persuade workers to finish their work effectively and to the best of their abilities, but doing so with a potential for harm rather than benefit.
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Answer:
D - a sharp increase in production costs
Explanation:
Companies go through different phases to reach product/market fit. These phases are the
A: idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
B: idea stage, the prototype stage, the launch stage, the traction stage, and the growth stage.
C: the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
D: idea stage, the traction stage, the monetization stage, and the growth stage.
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These phases are the idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage. Thus, option A is correct.
What is a Company?An organization that produces goods or services and markets them to consumers in order to make money is referred to as a company.
The connection between such a company's Unit Economies as well as Net Profitability can be used as an example of the developmental process of a company looking for Product Attributes. Whenever a company finds a solution to an issue that aligns with the demands of the existing markets and for which customers are prepared to pay for a good or commodity.
Therefore, option A is the correct option.
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why can herbal industry florish in nepal? give reason
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The herbal industry in Nepal can flourish because of the widespread availability of medicinal herbs, plants, and shrubs endemic to the country's terrain.
Other reasons-Additionally, the traditional system of medicine that has been practiced in Nepal for centuries provides an established market for medicinal plants. Furthermore, Nepal is located in a region known for its abundance of biodiversity, providing many natural resources which can be used for the expansion of this industry.
Herbs, usually found at altitudes above 3,000 meters, are thought to be rich in natural chemicals. “Because there is no mechanism to label and provide specifications, the country loses huge revenue potential every year,” Bhandari said, adding that the turmeric found in Nepal could be used as a food product if attention is paid to packaging and marketing, added that it can also secure a good market in Europe.
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Write down two or three ways you compare yourself to others.
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One way that technology improves production is by helping manufacturers avoid creating waste by reducing the amount of packaging they use. This is referred to as ______.
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The use of technology to reduce waste by reducing the packaging used by companies is known as Precycling.
What is precycling?Is a method of reducing waste. Works by targeting those things that might cause waste in the first place.Precycling means that instead of waiting for something to become waste, you reduce it before it gets a chance to. This is what reducing packaging does because that could become waste.
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The model on the right looks bumpy, but when you break a large salt crystal in two, the edges of the split often look straight and feel smooth. Is there a problem with the model? Use what you have learned about atoms to explain.
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Answer:
There is no problem with the model. These atoms are so small, that even if they look really bumpy in the model, in real life they're so small that they look straight and feel smooth.
Explanation:
Hope this helps :)
Salt crystals are the structure of the compound or the molecule that looks like a cubic-shaped structure. There is nothing wrong with the model as the atoms are very small entities.
What are atoms?Atoms are defined as the smaller unit that makes the elements and is known to be the structural component. They are seen in the solid models of the elements and molecules as round shape that looks a little edgy and bumpy from the outer side.
When the model is cut they look rather smooth and plain as the size of atoms is very small that in a microscopic structure looks like balls fitted in a cube. But at a very large level, the substance does not have bumpy appearances.
Therefore, there is no problem with the salt crystal (solid sphere) model of the atom.
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Your question is incomplete, but most probably the image of the model is attached to the image below.
Assuming the workmans live in california, a community property state, and that diana and ryan file separately, what is diana's gross income minus expenses on the day care business?
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Diana and Ryan file separately, Diana's gross income minus expenses on the day care business would be half of the total gross income minus expenses for the business.
In California, a community property state, the income and expenses from a business owned by a married couple are generally split evenly between the two spouses. To calculate Diana's gross income minus expenses, we would first need to know the total gross income and total expenses for the day care business. Once we have those numbers, we can use the following formula:
Diana's gross income minus expenses = (Total gross income / 2) - (Total expenses / 2)
For example, if the total gross income for the day care business was $100,000 and the total expenses were $50,000, Diana's gross income minus expenses would be:
Diana's gross income minus expenses = ($100,000 / 2) - ($50,000 / 2) = $50,000 - $25,000 = $25,000
Therefore, Diana's gross income minus expenses on the day care business would be $25,000.
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All taxpayers can make tax payments using a direct debit from their bank account.
True
False
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Answer:
false
Explanation:
The identification of a given product with its manufacturer is an example of brand awareness. T/F
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The identification of a given product with its manufacturer is an example of brand awareness is - True.
However, what is brand awareness - Brand awareness is the degree to which a product or service is recognized by consumers and is closely linked to the concept of brand equity. It aids in the development of customer loyalty and trust, which can result in repeat business and favorable word-of-mouth marketing for the brand.
Brand recognition refers to the consumer's ability to recognize and recall a brand as part of their purchase consideration process. Customers are likely to select a brand they recognize over an unfamiliar one while making purchase decisions. Brand recognition is more important in categories where consumers do not have a strong preference, such as FMCG goods and personal care items.
As a result, the identification of a given product with its manufacturer is an example of brand awareness.
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Enumerate the reasons why there is no universally accepted definition of the term entrepreneur.
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Answer:
There is no universal definition of entrepreneurship because it is unique from person to person. ... However a person sees a business venture may or may not be exactly the same as to how somebody else sees it.
Explanation:
From 1975-2015, inflation has ____ real wages for most workers in the U.S. a. Not charged b. Raised c. Not enough information d. Lowered
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Answer: d. lowered
Explanation:
Inflation refers to the general increase in the prices of goods and services in a country. Inflation erodes the value of money making it regressively weaker as time goes on.
Real wages have been adjusted for the influence of inflation so that a better comparison can be made over the years and what has been seen is that inflation has lowered the wages of most workers in the U.S. compared to their peers several years ago.
Most plants want to have their supplies delivered just before they are needed to be used in production
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Answer:
True
Explanation:
The modern notion of "just in time" material delivery supports reduction of inventory and its associated costs. Plants that have sufficiently steady raw material usage will prefer supplies delivered "just in time."
Plants that have wildly varying production schedules or product mix may prefer a generous "safety stock." They may also prefer a generous supply inventory if their supply chain is unreliable.
It is true that most plants want to have supplies delivered just in time, but circumstances may make needs differ from wants.
Answer:
TRUEExplanation:
#CARRYONLEARNINGA Business Associate Contract is required between a covered entity and business associate if Protected Health Information (PHI) will be shared between the two.
a. true
b. false
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The statement is true. A Business Associate Contract is required between a covered entity and a business associate if Protected Health Information (PHI) will be shared between the two.
Under the HIPAA Privacy Rule, covered entities (such as healthcare providers and health plans) are required to ensure that their business associates (such as third-party service providers) who have access to PHI comply with the privacy and security standards set forth in HIPAA. To do this, covered entities must have a written contract or other arrangement with their business associates, known as a Business Associate Agreement (BAA) or Business Associate Contract. The BAA must specify the permitted and required uses and disclosures of PHI by the business associate, among other requirements.
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A recent Leeds Metropolitan University graduate has developed a new product. She now has to decide whether to set up in business.She has been advised that the demand for the product is likely to be as follows:Sales price per unit Sales volume per year£100 650£150 500£200 400£250 250The costs associated with the manufacture, selling and distribution of the product would be:Variable cost per unit: £75Fixed costs: £10,000 per yearThe costs stated above exclude the following additional considerations:(i) The student has already incurred £500 on market research and intends to spend a further £500; and(ii) The student will pay herself a monthly salary of a £800. If she decides to go ahead with the product development she will have to give up her job as an administrative assistant which pays her a salary of £500 per month.1. In deciding whether or not to set up the business the total market research costs are classified as:(a) a sunk cost of 1000 which may be ignored(b) a sunk cost of £500 which may be ignored and a relevant cost of £500(c) an opportunity cost of £500(d) an opportunity cost of £500 and a relevant cost of £5002. In deciding whether or not to set up the business the salary the student earns as an administrative assistant should be treated as:(a) an incremental benefit of £300 per month(b) an opportunity cost of £500 per month(c) an opportunity cost of £300 per month(d) an opportunity cost of £1000 per month3. If the student decides in favour of setting up the business, which of the selling prices should be charged, on the basis of the estimates given, in order to maximise profits?(a) £100(b) £150(c) £200(d) £250
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Q1: In deciding whether or not to set up the business the total market research costs are classified as: (b) a sunk cost of £500 which may be ignored and a relevant cost of £500
Q2: In deciding whether or not to set up the business the salary the student earns as an administrative assistant should be treated as: (b) an opportunity cost of £500 per month
Q3: If the student decides in favour of setting up the business, the selling prices should be charged, on the basis of the estimates given, in order to maximize profits: (c) £200
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Presented below is the preclosing trial balance for the Scholarship Fund, a privatepurpose trust fund of the Algonquin School District Trial Balance-December 21, 2020 Accounts Payable Accrued Interest Receivable Administrative Expense Cash Increase in Fair Value of Investments Distributions-Scholarships Interest Income Investment in Bonds Net Position: Restricted for Scholarships Debits Credits 1,630 69,890 83,000 98,000 1,687,000 1,769,700 1,769,700 Required: Prepare the year-end closing entries and a Statement of Changes in Fiduciary Net Position for the year ended December 31 2020
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To prepare the year-end closing entries for the Scholarship Fund, we need to transfer the balances of temporary accounts to the appropriate permanent accounts. The temporary accounts include Accounts Payable, Accrued Interest Receivable, Administrative Expense, Cash, Increase in Fair Value of Investments, Distributions-Scholarships, Interest Income. The permanent accounts include Investment in Bonds and Net Position: Restricted for Scholarships.
Here are the closing entries:
1. Close the temporary accounts:
- Debit Accounts Payable, Accrued Interest Receivable, Administrative Expense, Increase in Fair Value of Investments, Distributions-Scholarships to zero.
- Credit Interest Income to zero.
2. Transfer the balances of the temporary accounts to the permanent accounts:
- Debit Interest Income to Investment in Bonds.
- Credit Distributions-Scholarships to Net Position: Restricted for Scholarships.
After making these entries, we can prepare the Statement of Changes in Fiduciary Net Position for the year ended December 31, 2020. This statement shows the changes in the fund's net position over the year. It includes the beginning net position, additions (such as interest income and increase in fair value of investments), deductions (such as distributions for scholarships), and the ending net position.
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Assume a closed economy in which GDP is $20 trillion. If consumption is $14 trillion, government spending is $3 trillion, taxes are $1 trillion, and government transfers are $0, what is national savings
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National savings is equal to the sum of private savings and government savings in a closed economy.
In a closed economy, national savings is equal to the sum of private savings and government savings. Private savings is the difference between disposable income (income minus taxes) and consumption, which is $20 trillion (GDP) minus $14 trillion (consumption) minus $1 trillion (taxes) equals $5 trillion.
Government savings is equal to government spending minus taxes, which is $3 trillion minus $1 trillion equals $2 trillion. Therefore, national savings is the sum of private and government savings, which is $5 trillion plus $2 trillion, equaling $7 trillion.
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gregory's car needs repairs, but he does not have an emergency fund to cover the expenses. he decides that he needs his car repaired immediately and wants to finance the cost of the repairs. gregory can apply for a credit card and pay for the repairs using the credit card. if gregory cannot pay off the credit card when the payment is due, what will happen?
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Some consequences of inability of Gregory to pay off the credit card when the payment is due includes:
increase of late feesincrease in interest rate when required payment is unpaidbad credit scores.What is an emergency fund?Basically, an emergency fund refers to a cash reserve that is set aside for unplanned expenses or financial emergencies. Some common use of an emergency fund includes to cater for car repairs, home repairs, medical bills, loss of income etc.
Generally, the emergency savings is used for unplanned bills or payments that are not part of your routine monthly expenses and spending. However, using a credit card for repairs is not a good idea especially when repayment is not in-sight.
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The chart shows the marginal cost of producing apple pies.
A 3-column table titled The cost of pie production has 7 rows. The first column is labeled Pies produced per day with entries 0, 1, 2, 3, 4, 5, 6. The second column is labeled Total cost with entries 0, 1, 1.50, 1.75, 2.25, 3.50, 5. The third column is labeled Marginal cost with entries 0, 1, 0.50, 0.25, 0.50, 1.25, and 1.50.
This chart demonstrates that the marginal cost
initially decreases as production increases.
initially increases as production increases.
eventually decreases as production increases.
eventually increases as production decreases.
Answers
Answer:
initially decreases as production increases.
Explanation:
Marginal cost refers to the additional expenses incurred by producing one more unit. According to the chart, the production of the first item had a marginal cost of $1. the second item had a marginal cost of $0.50, and the third item $0.25. The marginal cost trend is on the decline.
The marginal cost starts to increase after the fourth item. It is clear that the marginal cost was initially declining but began to rise as production increased.
Answer:
b
Explanation:
Visit the Web site for a different well-known company, and find the section that lists the company's values. What are the company's values? How do they relate to the products the company sells? Did anything surprise you about the company's values? Why or why not? TIP: If the company's Web site doesn't describe its values, choose a different company. (1-5 sentences
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Visit the Web site for a different well-known company, and find the section that lists the company's values.
I looked through the Microsoft.com company website.
Innovation, diversity and inclusion, CSR, AI, reliable computing, respect, integrity, and accountability are among the core principles highlighted.
Microsoft provides a wide range of goods and services, and all of its values are consistent with the work the business does.
This is not surprising to me because the corporation makes this point in its advertising and other materials.
What are their core values about?Among the mentioned core values are;
Technology can and should be a force for good, and we believe that significant innovation can and will make the world a better place in both large and little ways.
Diversity and inclusiveness are important to our success. To enlighten, challenge, and push our thinking, we draw on the strengths, experiences, and many points of view of our customers and staff.
AI - Our belief is that AI can enhance your talents, free you up to engage in more creative and strategic activities, and assist you or your organization in achieving more when it is created with humans at the heart.
They acknowledge full accountability for all choices, deeds, and outcomes. Therefore, Microsoft provides a wide range of goods and services, and all of its values are consistent with the work the business does.
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in terms of brand loyalty, consumers prefer specific brands but will accept substitutes for which type of consumer product?
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In terms of brand loyalty, consumers prefer specific brands but will accept substitutes if the consumer products are convenience products.
Convenience products are low-cost, frequently purchased items that are readily available and require minimal decision-making from consumers. As a result, consumers may be less attached to specific brands of convenience products than they would be for higher-involvement products.
While consumers may have preferred brands for convenience products, they may be more willing to consider substitutes, especially if the substitute offers a similar quality, price, or convenience. For example, a consumer may prefer a certain brand of soft drink, but may be willing to switch to another brand if it is on sale or more readily available.
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General
Ledger
Cash in Bank
Advertising
Expense
Owner
Withdrawals
Office
Equipment
Electric
Expense
Repair
Expense
Owner's
Capital
Accounts
Receivable
●
Rent Expense
Sales from
Fees
Accounts
Payable
On the form provided, provide the following information for each account.
Classify the account as an asset, liability, owner's equity, revenue, or expense account.
Indicate whether the increase side is a debit or a credit.
• Indicate whether the decrease side is a debit or a credit.
●
Indicate whether the account has a normal debit balance or a normal credit balance.
Answers
Classifying the accounts and understanding their debit/credit sides and normal balances. Sales from Fees: Revenue, Increase - Credit, Decrease - Debit, Normal Credit balance.
Here's the information for each account:
1. General Ledger: This is a record-keeping system and doesn't have a specific classification.
2. Cash in Bank: Asset, Increase - Debit, Decrease - Credit, Normal Debit balance
3. Advertising Expense: Expense, Increase - Debit, Decrease - Credit, Normal Debit balance
4. Owner Withdrawals: Owner's Equity, Increase - Credit, Decrease - Debit, Normal Credit balance
5. Office Equipment: Asset, Increase - Debit, Decrease - Credit, Normal Debit balance
6. Electric Expense: Expense, Increase - Debit, Decrease - Credit, Normal Debit balance
7. Repair Expense: Expense, Increase - Debit, Decrease - Credit, Normal Debit balance
8. Owner's Capital: Owner's Equity, Increase - Credit, Decrease - Debit, Normal Credit balance
9. Accounts Receivable: Asset, Increase - Debit, Decrease - Credit, Normal Debit balance
10. Rent Expense: Expense, Increase - Debit, Decrease - Credit, Normal Debit balance
11. Sales from Fees: Revenue, Increase - Credit, Decrease - Debit, Normal Credit balance
12. Accounts Payable: Liability, Increase - Credit, Decrease - Debit, Normal Credit balance
I hope this helps you understand the classification, debit/credit sides, and normal balances of each account!
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for every one dollar invested in treatment, the government saves seven dollars in drug-related health costs, crime, and criminal justice costs.true or false
Answers
The statement is true because investing in drug treatment programs has been shown to significantly reduce drug-related health costs, crime, and criminal justice expenses.
For every one dollar invested in treatment, multiple studies have demonstrated that the government can save up to seven dollars in these associated costs.
This is because effective treatment helps individuals overcome addiction, which in turn leads to fewer health problems related to drug abuse, decreased criminal activity, and lower demand for criminal justice resources.
As a result, investing in drug treatment programs not only benefits the individuals in need of assistance but also has a substantial positive impact on society and the economy.
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