Canada is a country made up of individuals from many parts of the world. Barack and his family are one such example who arrived in Canada twenty years ago from a Central Asian country.
In order to improve the quality of his family's life in Canada and also achieve some financial independence for his family, he enlisted the help of his friend who is knowledgeable in business operations, to help purchase a business where he can utilize his baking skills.
Barack's friend has found a small Canadian bakery for sale. He has procured some data pertaining to the bakery's operations, which he provided to Barack. Barack is seeking your assistance in determining any patterns or insights that you can provide from this data. Required: Based on the information given, provide a data analysis looking at the four types of analytics: Descriptive Analytics - "What happened?" Diagnostic Analytics - "Why it happened?" Drag fields between aneas belaw: Drag fields betwean areas below: Drag felds between areas below:

Answers

Answer 1

By analyzing the bakery's data, descriptive analytics reveals past performance, diagnostic analytics explains the reasons behind events, and predictive analytics forecasts future trends.

Descriptive analytics involves analyzing historical data to understand what happened in the past. It can provide insights into sales trends, customer preferences, and operational performance of the bakery. Diagnostic analytics goes beyond descriptive analytics to identify the reasons behind specific events or patterns. It can help determine factors that influenced sales fluctuations or operational inefficiencies.

To perform these analyses, relevant data fields such as sales data, customer demographics, production costs, and marketing efforts should be examined. By analyzing these data points, patterns can be identified, and potential areas for improvement can be pinpointed. Predictive analytics utilizes historical data to make predictions about future trends and outcomes. It can help forecast future sales, demand for specific products, or identify potential risks and opportunities.

Lastly, prescriptive analytics takes the analysis a step further by providing recommendations and actionable insights based on the data analysis. It can suggest strategies to optimize operations, improve profitability, or enhance customer satisfaction. By applying these four types of analytics, Barack can gain valuable insights into the bakery's operations, identify areas of improvement, and make informed decisions to achieve his goals of improving his family's quality of life and financial independence.

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Related Questions

first, using the idea of externalities (positive and/or negative) discuss the implications of an individual who has covid-19 going on a flight to travel. who is the buyer and who is the seller fro the airplane ticket, and are there any externalities?

Answers

When an individual with COVID-19 goes on a flight to travel, it can have significant implications in terms of externalities. An externality is an unintended consequence that affects parties not directly involved.

An externality involves a cost as well as a benefit a producer generates but does not personally bear or receive. A good or service can have beneficial as well as adverse effects as a result of its production or usage.

An externality, also known as an external cost or benefit, is a consequence of another party's action that affects a third party that is unaffiliated indirectly. Externalities are unpriced items that are a part of both consumer and producer market transactions.

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Differences across firms in activities produce disparities in cost and willingness to pay and hence dictate competitive advantage. Which of the following is not correct about the activity analysis? A. The value chain divides all activities into primary and support activities. B. Managers use activities to analyze relative costs and relative willingness to pay. C. To simplify the analysis, managers should assume that the firm operates in a single-dimensional space of decisions. D. A firm usually can't claim any value unless it adds some value. E. A decomposition of the firm into parts should be followed by a vision of an integrated whole.

Answers

The incorrect statement about the activity analysis is, "To simplify the analysis, managers should assume that the firm operates in a single-dimensional space of decisions."

What is Activity Analysis?Activity Analysis is the process of identifying and defining a company's basic operations in order to determine its competitive advantages and disadvantages. It's a way of breaking down the organizational structure of a company into smaller, more manageable pieces to better comprehend it. It allows managers to observe how an activity is performed and how it may be improved in the future.

Activity Analysis is crucial for businesses because it helps them comprehend their operations' internal processes and how they contribute to the success or failure of the company. It is an approach to analyze the operations of a business in order to improve efficiency and reduce costs. The benefits of conducting activity analysis include:Improved process efficiency.Boosting productivity.Cost reduction.Enhanced quality of products or services.The incorrect statement about the activity analysis is that "To simplify the analysis, managers should assume that the firm operates in a single-dimensional space of decisions." This statement is incorrect because firms operate in multi-dimensional spaces with different choices.

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O’donnell & company employs the practice of team building and thinking outside the box. They are likely to have ________blank compared to a company with low engagement.

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O'Donnell & company employs the practice of team building and thinking outside the box. They are likely to have  lower turnover blank compared to a company with low engagement.

Which business strategy that has an impact on HRM is the company's overall initiative to continuously enhance how people, machines, and systems carry out work?

the standard of quality must be met; Total quality management (TQM), a company-wide initiative to continuously improve the ways people, equipment, and systems complete work, is used by businesses to manage quality.

Does the capacity to put HRM's ideas and practices into practice help the company succeed?

The nine skills that HR practitioners must possess are as follows: Technical knowledge and experience in human resources: It is the capacity to use human resource management principles in order to contribute to a business's success.

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On a personal level, as you begin looking for a job after you graduate, it will be critical for you to know how to

A) market value

B) communicate value.

C) deliver value

D) forecast value

E) explain value

Answers

Answer:

B) communicate value.

Explanation:

Employees are a cost to employers. An employer will consider hiring a new employee if they are convinced that the benefits from the employee outweigh the costs.

A fresh graduate will have to convince a potential employer that they are worth being hired. The graduates need to communicate the value they shall add to the business. The ability to communicate one's value is critical for a successful job hunting mission.

What is a disadvantage of buying on account?

O A. It requires partial payment at purchase.
• B. It is very complicated.
O C. It involves making a larger number of payments.
O D. It can become expensive.

Answers

d it can become expensive

Which of the following can a grocery store change in the long run?
A. the number of shelves, employees, and parking spaces in the parking lot
B. the type of grocery carts, magazine racks, and produce displays
C. the store location, sign on the storefront, and advertising on the media
D. all of the above

Answers

Answer:

I believe all of the above

Explanation:

went with what came to mind if its wrong very sorry.

A grocery store change, in the long run, is all of the above. Thus the correct option is D.

What is the importance of change?

In order to remain in competition an organization needs to work on bringing change and innovation in the process as well as a product that helps them in  achieving higher revenue by following trends and preferences.

If an organization adopts change frequently it shows its flexibility to cope with the demands of the market in order to meet the level of satisfaction of customers.

A grocery store that is planning to grow may eventually affect the number of shelves, staff, and parking places in the lot which helps in better services to their customers.

The design of the fruit displays, magazine racks, and grocery trolleys as well as the store's location, storefront sign, and media advertising can all help to increase sales and draw in more customers.

Therefore, option D is appropriate.

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Question 1 (1 point) (Figure: Determining Short-Run Supply Curves) Which segment represents the short- run supply curve? Price and Cost (5) 1 2 3 5 6 4 Output 7 O O a) DE Ob) CE O O c) AE O O d) BE

Answers

CE segment represents the short- run supply curve.

In the short run, the supply curve starts from minimum AVC as the firm will not produce if the price is below the minimum AVC and it sets P=MC for profit maximization

So, the supply curve will be the part of the MC curve which starts from minimum AVC

= CE

The supply curve is a graphic representation of the correlation between the cost of a great or carrier and the amount furnished for a given duration. In an average instance, the fee will appear on the left vertical axis, even as the quantity supplied will appear at the horizontal axis.

In economics, supply is the amount of a aid that corporations, producers, labourers, providers of financial property, or different economic dealers are inclined and capable of offer to the market or to an man or woman. deliver can be in produced goods, labour time, raw substances, or any other scarce or precious item.

The supply curve could be upward sloping, and there's a right away relationship between the charge and amount. perfectly inelastic, inelastic, unit elastic, elastic, and flawlessly elastic are the types of the curve elasticity. Economists, governments, and producers use it to understand patron and marketplace conduct.

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Question 1 (1 point) (Figure: Determining Short-Run Supply Curves) Which segment represents the short-

What Is NOT one of the three primary resources that farnilies have to reach financlal goals?

A.Education
B.Energy
C.Time
D.Money

Answers

Answer:

I think it would be education

Explanation:

Answer: A. Education

Explanation:

Which of the following statements about plasmids is false? A. Circular and supercoiled. B. Self-replicating vectors. C. Double stranded and mobile. D. Part of the genomic DNA of the bacterium. E. Cont

Answers

The false statement about plasmids is d) Part of the genomic DNA of the bacterium.

What are Plasmids?

Plasmids are DNA molecules that can replicate themselves outside of the host cell’s genome. They are normally circular, double-stranded DNA and may be found in both eukaryotes and prokaryotes. In bacteria, plasmids usually replicate independently of the chromosome and have no effect on the cell's normal growth and metabolism. They are also frequently utilized in molecular biology as vectors or cloning carriers for genetic engineering purposes, like the production of therapeutic proteins and the creation of genetically modified organisms (GMOs).

Plasmids are not a part of the genomic DNA of the bacterium, which is a false statement. Instead, they are extrachromosomal elements that can be found in various types of bacteria. They are self-replicating vectors that can carry genetic material such as antibiotic resistance genes, virulence genes, and other beneficial traits that are passed on from one bacterium to another via horizontal gene transfer.

Therefore, the correct answer is d) Part of the genomic DNA of the bacterium.

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You rent a wedding venue for a cost of $3500. the cost includes a catered lunch for 50 guests. For each additional guest, Though, the catered lunch costa $33. (a) What is the cost of the venue and lunch if you invite 100 guests? (b) Find a formula showing the cost of the venue and lunch as a function of n, the number of guests. Assume that n is at least 50. C= (c) The amount you have budgeted for the venue and catered lunch is $ 5500. How many guests can you invite?

Answers

a) The cost of venue if you invite 100 guests is $4,750. b) Formula is C=1650+31n. c) You can invite total 124 guests for the wedding.

We will first record all of the task's values and prices so that we can calculate the following subtasks:

The venue costs $3200, which includes lunch for 50 guests. If more guests are invited, each lunch will cost $31.

a) If 100 persons were invited, the entire cost, including venue and lunch, would be as follows:

Total Cost =$3200+$31⋅(100−50)

=$3200+$3100−$1550

=$4750.

b) The following is a formula that will represent the cost of the venue and the lunch combined, assuming that the number of attendees is n=50:

C =3200+31(n−50)

=3200+31n−1550

=1650+31n.

c) The whole budget for venues and meals is $5,500.We'll use the formula from the second section of the challenge to figure out how many people we can invite while staying inside our budget:

C =1650+31n

=1650+31n

=5500−1650

=3850

=124.

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ways in which landscape can be created .plz answer this ​

Answers

Answer:

finding land and making the land into wha ever yu want

Explanation:

hopes this helps

bob’s assets add up to be $85,900. Bob’s liabilities added up to be $130,600. Calculate Bob’s net worth 
a. $44,700
b. -$44,700
c. $85,900
d. $130,600

Answers

The Bob's net worth is, -$44,700, if assets add up to $85,900 and liabilities added up to be $130,600. Option b is correct.

Net worth is the difference between an individual's total assets and total liabilities. In this case, Bob's assets are worth $85,900, which include things such as cash, investments, real estate, and personal property. On the other hand, his liabilities, which are his outstanding debts and financial obligations, add up to $130,600, which include things such as loans, mortgages, credit card balances, and other debts.

Bob's net worth can be calculated by subtracting his liabilities from his assets:

Net worth = Assets - Liabilities

Net worth = $85,900 - $130,600

Net worth = -$44,700

Therefore, the answer is (b) -$44,700, which means that Bob's liabilities exceed his assets, resulting in a negative net worth.

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In order for money to work properly, individuals and businesses in a country
must be willing to receive it as payment for goods and services. This is an
element of which characteristic of money?
O A. Uniformity
B. Limited supply
C. Divisibility
D. Acceptability

Answers

Answer:

D

Explanation:

acceptability -this is because it needs to be accepted by the people before it can be used

explain processes of distribution channels in economics​

Answers

Answer:

Distribution channels in economics refer to the various intermediaries that are involved in the movement of goods and services from the producer to the final consumer. These intermediaries play a critical role in ensuring that products reach the end-users in the most efficient and effective manner possible.

The following are the processes involved in distribution channels in economics:

1. Producer: The first step in the distribution channel is the producer. The producer is the entity that creates the product or service. The producer may be a manufacturer, a farmer, or a service provider.

2. Wholesaler: The next step in the distribution channel is the wholesaler. The wholesaler buys products in bulk from the producer and then sells them to retailers. Wholesalers are often used when the producer cannot sell directly to retailers due to logistical or other reasons.

3. Retailer: The retailer is the next step in the distribution channel. The retailer buys products from the wholesaler or directly from the producer and then sells them to the final consumer. Retailers are often used when the producer cannot sell directly to the final consumer due to logistical or other reasons.

4. Consumer: The final step in the distribution channel is the consumer. The consumer is the end-user of the product or service. The consumer buys the product or service from the retailer.

5. Logistics: Logistics is an important process in the distribution channel. Logistics involves the movement of products from the producer to the retailer or directly to the consumer. Logistics includes transportation, storage, and delivery.

6. Marketing: Marketing is another important process in the distribution channel. Marketing involves promoting the product or service to potential consumers. Marketing includes advertising, public relations, and sales promotions.

7. After-sales service: After-sales service is the final process in the distribution channel. After-sales service involves providing support and assistance to consumers after they have purchased the product or service. After-sales service includes warranties, repairs, and customer service.

In conclusion, the distribution channel is a critical component of the economy. It ensures that products and services reach the end-users in the most efficient and effective manner possible. The various processes involved in the distribution channel include the producer, wholesaler, retailer, consumer, logistics, marketing, and after-sales service.

what should susan three main talking points be to convince her mom that she should file her own tax return

Answers

Susan's three main talking points to convince her mom that she should file her own tax return could be:

Independence and ControlPotential SavingsCompliance and Accuracy

Why is filing one's own tax important ?

By filing her own tax return, Susan's mom will gain autonomy and possess a greater influence over her finances. Moreover, she might be capable of enforcing economies on the fees for professional tax preparation which normally would have been paid to an accredited accountant.

Additionally, by filling in her own tax return, Susan's mom is ascertained to abide by the guidelines of taxation regulations, and can ensure that she has precisely stated her income as well as reimbursement lawfully.

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How do economic growth, full employment, price stability, and inflation indicate a nation’s economic health?

Answers

Answer:

Kindly check explanation

Explanation:

The state of a nation's economy is usually evaluatwd based on certain metrics which relating to the well being of its citizens, behavior of its market, finances and resources. Those metrics may include ; level or rate of inflation, employment level, level of economic growth or decline and many others. A healthy economy is one In which economic factors are in a positive state and hence its positive effects is left by the citizens in ways including the increased level of production which economically fights inflation and also helps achieve stability in terms of prices of products and commodities. Reduction in level of unemployment and increased full time jobs. Generally, a healthy nation should experience a robust economic growth and improvement.

Why is finding and implementing the right pricing strategy critical to a company’s success?
Name and describe the two types of value-based pricing methods.
Explain the price-demand relationship. What factors must sellers consider when setting prices in different types of markets?

Answers

Finding and implementing the right pricing strategy is critical to a company's success because it directly impacts its profitability, market positioning, and customer perception.

The right pricing strategy helps a company optimize its revenue, attract customers, maintain a competitive edge, and achieve sustainable growth. Cost-Plus Pricing: This method involves calculating the production costs of a product or service and adding a desired profit margin to determine the selling price. It is a straightforward approach but doesn't consider the perceived value of the product to customers. Perceived-Value Pricing: This method focuses on the value that customers perceive in a product or service and sets the price accordingly. It takes into account factors such as the customer's willingness to pay, competitive pricing, and the unique benefits offered by the product. The price-demand relationship refers to the impact of price changes on consumer demand for a product or service. When setting prices in different types of markets, sellers must consider several factors: Market Competition: The level of competition in the market influences the price a seller can charge. In highly competitive markets, prices tend to be lower, whereas in niche markets with limited competition, prices can be higher. Consumer Behavior: Understanding consumer preferences, price sensitivity, and buying patterns is crucial. Sellers need to consider how changes in price will affect demand and whether customers perceive the product as a necessity or a luxury. Product Differentiation: The uniqueness and value proposition of a product or service impact its pricing. If a product offers distinct features or benefits compared to competitors, it may command a higher price. Economic conditions, market trends, and regulatory factors can influence pricing decisions. Sellers need to consider these external factors when setting prices to ensure profitability and market acceptance.

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In Towneville, the average persons earns $15,000, and the CPI is 125. In Gutenberg, the average person earns $25,00 and the CPI is 225. Where would you choose to live, and why?

Answers

Answer:

I would choose to live in Townville. This is because the real wage of $12,000 in Townville is greater than the real wage of $11,111 in Gutenberg.

Explanation:

Note: The correct amount which average persons earns in Gutenberg is $25,000, not $25,00 that is mistakenly written in the question.

The explanation to the answer is now provided as follows:

Where to live and why can be determined by comparing the real wages in Towneville and Gutenberg.

Real wage refers to the nominal wage that has been adjusted for inflation. The real wage can be calculated using the following formula:

Real wage = (Nominal wage / CPI) * 100 ……………. (1)

Where;

For Towneville:

Nominal wage = $15,000

CPI = Consumer price index, an inflation measure = 125

Substituting the values into equation (1), we have:

Real wage in Townville = ($15,000 / 125) * 100 = $120 * 100 = $12,000

For Gutenberg:

Nominal wage = $25,000

CPI = Consumer price index, an inflation measure = 225

Substituting the values into equation (1), we have:

Real wage in Gutenberg = ($25,000 / 225) * 100 = $111.11 * 100 = $11,111

Based on the calculations above, I would choose to live in Townville. This is because the real wage of $12,000 in Townville is greater than the real wage of $11,111 in Gutenberg.

Give an example for each of the following types of transactions:

1. Increase in one asset, decrease in another asset
2. Inerease in asset, increase in liability.
3. Inerease in asset, increase in owner's capital​

Answers

Answer:A)Increase in one asset, decrease in another asset.-    purchase of machinery in cash . ie. increase in asset and decrease in cash 

         

B)Increase in asset, increase in liability - purchase goods on credit ie. increase in stock and increase in creditors

C)Increase in asset, increase in owner's capital -issue of shares ie. increase in share capital and increase in cash .

D)Decrease in asset, decrease in liability -Payment to creditors ie, decrease in cash and decrease in creditors 

E)Decrease in asset, decrease in owner's capital-  drawings (withdrawn by partners ) ie, decrease in capital ad decrease in cash  

F)Increase in one liability, decrease in another liability- Bills Payable issued to Creditors.ie., This will reduce one liability (Creditors) on the one hand and increase another liability (Bills Payable) on the other hand.

G)Increase in liability, decrease in owner's capital -  Conversion of share capital into debentures.ie, increase in debentures and decrease in share capital .

H)Decrease in liability, increase in owner's capital.-Conversion of debentures into shares.,ie. increase in share capital and decrease in debenture (long term liability )

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Explanation:

An economics professor sells cookies to her class. At a price of 50 cents per cookie, each of the 400 students in the class spends $8.00 on cookies. At a price of 50 cents per cookie, market demand in this class is A. 6,400 cookies. B. 50 cents. C. 1 professor. D. 3,200 dollars.

Answers

The correct answer is A. 6,400 cookies.

Market demand in the class refers to the quantity of cookies that the 400 students would purchase in total at a price of 50 cents per cookie.

To calculate the market demand, multiply the price per cookie by the total number of students:50 cents x 400 students = $200 total spent on cookies$200 total spent on cookies ÷ 50 cents per cookie = 400 cookies sold400 cookies sold x 16 students in the class = 6,400 cookiesIn conclusion.

Market demand in the class is 6,400 cookies since this is the number of cookies that the 400 students would purchase in total at a price of 50 cents per cookie.

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.All of the following are business trends affecting management accounting except​:A. sustainability.B. big data.C. shifting economy.D. all of the above.

Answers

The correct answer is D. all of the above. All of the options listed (sustainability, big data, and shifting economy) are business trends that have a significant impact on management accounting.

1.Sustainability: The growing focus on environmental and social sustainability has led to the integration of sustainability considerations into management accounting practices. This includes measuring and reporting environmental impacts, assessing the costs and benefits of sustainable initiatives, and incorporating sustainability into decision-making processes.

2.Big data: The increasing availability and use of big data has transformed management accounting. It allows for more detailed and real-time analysis of financial and non-financial data, enabling better decision-making, performance measurement, and forecasting.

3.Shifting economy: Changes in the global economy, such as globalization, technological advancements, and changing consumer behavior, have necessitated adjustments in management accounting practices. This includes adapting to new business models, evaluating risks and opportunities in international markets, and implementing strategies to remain competitive.

Therefore, the correct answer is D. all of the above, as all the options mentioned are business trends affecting management accounting.

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Assume that the next morning, the bond credit rating changes to A-/A-, and the new yield to maturity becomes 8.2%. What is the price of the bond after this change?
[From the prior problem: Calculate the price of the following corporate bond with a credit rating of BBB+ / Baa+: $1000 par value, 8% semi-annual pay coupon, 8.40% yield to maturity, and 5 years to maturity.}

Answers

If the bond credit rating changes to A-/A-, and the new yield to maturity becomes 8.2%, then the price of the bond will be $635.21.

To calculate the price of the bond after the credit rating change, we'll use the updated yield to maturity of 8.2%. The bond details remain the same:

Par value (PV) = $1000

Coupon rate (C) = 8% (semi-annual)

Yield to maturity (YTM) = 8.2% (semi-annual)

Years to maturity (n) = 5 (semi-annual)

To calculate the price of the bond, we can use the present value of the bond's cash flows:

Price = (C / 2) * [1 - (1 / (1 + YTM/2)ⁿ] + PV / (1 + YTM/2)ⁿ

Let's calculate the price of the bond after the credit rating change:

Price = (40 / 2) * [1 - (1 / (1 + 0.082/2)¹⁰)] + 1000 / (1 + 0.082/2)¹⁰

Price = 20 * [1 - (1 / (1.041)¹⁰)] + 1000 / (1.041)¹⁰

Price = 20 * (1 - 0.598799) + 1000 / 1.593848

Price = 20 * 0.401201 + 627.19

Price = 8.02402 + 627.19

Price = $635.21402

Therefore, after the credit rating change, the price of the bond would be approximately $635.21.

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Which of the following would increase aggregate demand?

Answers

Answer:

Increase in income


Explanation:

When a license holder is also a principal to the transaction, he must disclose this dual role:(a) only if the other agent asks about it.(b) only if the license holder does not have E&O insurance.(c) even if the license holder only has an economic interest in the property.(d) only if a relative of the license holder ever lived in the property.

Answers

When a license holder is also a principal to the transaction, he must disclose this dual role even if the license holder only has an economic interest in the property.

When a license holder, who is also a principal in the transaction, has any form of interest in the property being bought or sold, they are required to disclose this dual role to all parties involved, regardless of the nature of their interest. This includes situations where the license holder has an economic interest in the property, meaning they stand to benefit financially from the transaction.

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In which order should the components of a balance sheet be reported?
O A. liabilities, owner's equity, assets
B. assets, owner's equity, liabilities
C. owner's equity, liabilities, assets
D. assets, liabilities, owner's equity

Answers

Answer:

D. assets, liabilities, owner's equity

Explanation:

The balance sheet is prepared following the order of the accounting equation; assets are equal to liabilities plus equity.  It means assets will come first, followed by liabilities.  Owners' equity will be last.

Assets and liabilities are listed in the order of their liquidity. Current assets will be on top on the assets side, while current liabilities will top liabilities side.

Haul’m-in Marine manufactures diesel engines for shrimp trawlers and other small commercial boats. One of their CNC machines has caused several problems. Over the past 30 weeks, the machine has broken down as indicated below. Each time the machine breaks down, the firm loses an average of $3,000 in time and repair expenses. If preventive maintenance were implemented, it is estimated that an average of only one breakdown per week would occur. The cost of preventive maintenance is $1,000 per week. What is the weekly total maintenance cost of this program?
Number of breakdowns per week

0

1

2

3

4

Frequency (Number of weeks that breakdowns occurred)

8

3

5

9

5

A. $1,000
B. $3,000
C. $4,000
D. $6,000
E. $8,000

Answers

Answer:

The right solution is Option C "$4,000".

Explanation:

The given values are:

Breakdown cost,

= $3,000

Per week cost of preventive maintenance,

= $1,000

Breakdown per week,

= 1

Now,

The cost per week will be:

=  \(Breakdown \ cost+Cost \ of \ preventive \ maintenance\)

On substituting the values, we get

=  \(3000+1000\)

=  \(4,000\) ($)

which strategy is used by firms that believe increasing colume of sales will help the firm more than increasing profits

Answers

Answer:

Sales Orientation

Price controls on goods can be set by?
O consumers.
O economists.
O governments.
O producers.

Answers

Answer: Price controls on goods can be set by governments.

how to calculate cost of sales and gross profit​

Answers

Answer:Answer:Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement and can be calculated by subtracting the cost of goods sold (COGS) from revenue (sales)

For some time, Bloomingdale's relied on standard types of training to enhance employees' awareness of such topics as workplace safety and loss prevention. Such training typically included classroom sessions, store huddles, pre-shift meetings, and instructional posters. But these efforts were not always effective despite the good intentions. For instance, the training did not really inspire employees to focus on the key issues covered, and it was often difficult to measure the impact of the instruction provided. The firm recognized that something different must be done to enhance its safety record—this involved increasing associates' knowledge of safety, rather than focusing exclusively on traditional training as a "quick fix. "


The company started using Axonify, a training platform that incorporates active gamification and other entertaining activities to increase employee knowledge. Learning can also be customized based on the personal needs of employees. This enables individuals to build confidence by working on their knowledge areas that need improvement. Much of these activities could also be integrated real time into the work environment.


Bloomingdale's developed a four-stage process to make the transition from traditional training to ongoing learning. First, learning activities were included in shift work to spark daily awareness of safety and customer service issues. The Employee Knowledge Platform enabled employees to learn during short periods of downtime, using mobile devices or point-of-sale instruments. Associates were able to learn while they did their jobs, instead of receiving training at one time. Next, the training was delivered in small modules, with gamified elements that appealed to associates. When individuals mastered one set of information, the platform would move on to other topics—when remedial work was needed, it was provided until associates mastered the information.


Bloomingdale's also allowed for some customization in the learning system because different stores and departments often dealt with very different challenges and opportunities. This customization led to greater engagement across the various areas of the organization. Finally, the effectiveness of the learning was measured with the Employee Knowledge Platform, which helped Bloomingdale's determine its impact on important outcomes (i. E. , individual behaviors and results). This allowed managers to get a gauge of how well associates, teams, and stores were learning and applying the information on the job.


Not only does Bloomingdale's have an engaging training program that motivates a tech-oriented workforce, but the company also has a way of measuring its impact on the business as a whole. The approach has been very effective. The company has saved millions of dollars by decreasing the number of safety claims it addresses.


Zorosis, a jewelry store, recently discarded its traditional employee training modules and upgraded to an innovative online learning system in which employees are now required to access their training material. To facilitate an ongoing learning process that would keep employees motivated to learn, the store should ensure that:


a. Its training content is delivered in an exhaustive manner to enable deep learning.

b. It allows for customization in its learning system.

c. It curbs the use of gamified activities on the platform to avoid careless use.

d. It avoids learning activities during periods of downtime.

Answers

The best way for Zorosis to ensure that their ongoing learning process will be a success is to ensure that b. It allows for customization in its learning system.

What should Zorosis do?

The online learning platform that Zorosis plans to implement should be able to be customizable to the various challenges that employees can face.

This allows the employees to apply what they have learnt in various areas that will ensure business success.

Find out more on employee training at https://brainly.com/question/20520200.

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