In short-run equilibrium, it is true that quantity demanded of Real GDP is equal to the quantity supplied of Real GDP.
In the short run, the equilibrium level of Real GDP occurs when the quantity demanded of Real GDP equals the quantity supplied of Real GDP. This equilibrium is determined by the intersection of the aggregate demand (AD) curve and the short-run aggregate supply (SRAS) curve.
The AD curve represents the total spending or demand for goods and services in the economy, while the SRAS curve represents the total output or supply of goods and services in the economy.
At the short-run equilibrium, the quantity demanded of Real GDP represents the total spending in the economy, which is determined by factors such as consumption, investment, government spending, and net exports.
The quantity supplied of Real GDP represents the total output produced by firms in the economy, which is influenced by factors such as input costs, technology, and available resources.
In the short run, if the quantity demanded of Real GDP exceeds the quantity supplied, it would result in a shortage, leading to upward pressure on prices and an increase in production.
On the other hand, if the quantity supplied exceeds the quantity demanded, it would result in a surplus, leading to downward pressure on prices and a decrease in production.
Therefore, in short-run equilibrium, quantity demanded of Real GDP is equal to the quantity supplied of Real GDP, indicating a balance between total spending and total output in the economy.
Learn more about Real GDP here:
https://brainly.com/question/33502211
#SPJ11
What is the primary duty of a public relations specialist?
A. To create advertising concepts
B. To deliver marketing messages
C. To communicate business activities with the press
D. To oversee graphic design tasks
Answer:
B. To deliver marketing messages
Explanation:
A public relation specialist is a professional who portrays goods and services in a good light/form to the public. This helps to create awareness and encourages the general public to buy such products.
Public relation specialist ensures that the company has a good relationship between the stakeholders, staffs and the general public thereby avoiding any type of clash.
HELPPPP PLEASE I WILL GIVE YOU BRAINLIST
Suppose you are going to buy a car. How do larger economic factors influence the pursuit of this goal.
A financial goal that I have is to have a well-paying job as I get out of high school so I can afford to go to a University of my choice. This way I won't be in crippling debt and have to take out massive student loans. However, inflation as well as taxes will influence this. Income taxes will force me to have to give up some of my hard-earned money, which will significantly reduce the amount of money I actually make.
I hope this helps! If so, will you add it as the brainliest?
Thanks!
Which of the following best defines goal?
a. aim or purpose
b. disregard or disrespect
c. freedom from doubt
d. influence
The Consumer Financial Protection Bureau protects the interests of customers by ensuring that federal consumer-protection laws are enforced. True or False?
Answer:
true
Explanation:
The Consumer Financial Protection Bureau (CFPB) is a government agency that protects consumers' rights by:
enforcing consumer protection laws that prohibit financial institutions from practicing unfair, abusive, deceptive, predatory or discriminatory policies against its customers, e.g. redlining or charging higher interests based on race or gender.they get consumer complaints about unfair treatment from financial institutions and they investigate them.are a source of financial information about the services offered by financial institutions.are in charge of monitoring the activities of financial institutions and making sure that they do not affect consumers negatively.and others.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.}
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.
To know more about credit rating, visit https://brainly.com/question/29481760
#SPJ11
The following selected accounts and normal balances existed at year-end. Make the four journal entries required to close the books: Accounts receivable $45,000, Prepaid insurance 4,500, Land 50,000, Accounts payable 39,000, Notes payable 55,000, Retained earnings 12,000, Dividends 2,000, Fees earned revenue 65,000, Selling expenses 34,500, Administrative expenses 12,750, Miscellaneous expense 1,250.
The required Journal Entries that are required to close the book for the selected four accounts at year-end include the following:
Journal Entries:
December 31,
Debit Fees earned revenue $65,000
Credit Income Summary $65,000
To close the Fees revenue to income summary.
Debit Income Summary $34,500
Credit Selling expenses $34,500
To close the selling expenses to income summary.
Debit Income Summary $12,750
Credit Administrative expenses $12,750
To close the administrative expenses to income summary.
Debit Income Summary $1,250
Credit Miscellaneous expense $1,250
To close the miscellaneous expenses to income summary.
Data Analysis:
1. Accounts to be closed to Income Summary are:
Fees earned revenue $65,000 Income Summary $65,000
Income Summary $34,500 Selling expenses $34,500
Income Summary $12,750 Administrative expenses $12,750
Income Summary $1,250 Miscellaneous expense $1,250
2. Assets and Liabilities accounts:
Accounts receivable $45,000
Prepaid insurance 4,500
Land 50,000
Accounts payable 39,000
Notes payable 55,000
Retained earnings 12,000
Closed to Retained earnings: Dividends 2,000
See related links for closing accounts at year-end at https://brainly.com/question/18882009
"
please explain the equation and MRS function clearly and elaborate
Ely's preferences for bread and soup can be represented by the utility function U (S,B) = S(1+B.) Soup costs $1 per pint and bread costs Pb per ounce. Ely has $10 to spend. What is the formula for Ely's MRSSB?
Does it have the declining MRS property?
What is Ely's best choice?
Explain how you get your answer.
"
Ely's MRSSB is calculated using (∂U/∂S) / (∂U/∂B) and follows the declining MRS property. To determine Ely's best choice, we need the price of bread (Pb) to maximize utility within the budget constraint.
The formula for Ely's marginal rate of substitution of soup for bread (MRSSB) can be calculated by taking the partial derivative of the utility function U(S, B) with respect to soup (S) and dividing it by the partial derivative of the utility function with respect to bread (B), denoted as MRSSB = (∂U/∂S) / (∂U/∂B). The declining MRS property means that as Ely consumes more soup, the marginal utility of soup decreases relative to the marginal utility of bread.
To determine Ely's best choice, we need to maximize utility within the given budget constraint. By allocating the entire budget of $10, we can set up the equation 1(S) + Pb(B) = $10, where S represents the quantity of soup consumed and B represents the quantity of bread consumed. By substituting the value of B in terms of S from the budget constraint into the utility function, we can maximize U(S, B) to find the optimal combination of soup and bread that maximizes Ely's utility within the budget constraint.
Learn more budget constraint here:
https://brainly.com/question/7636812
#SPJ11
A. Canto Lent us $500 by cash *
Which account is being debited and which account is being credited?
cantos account is being debited and your account is being credited
when an account takes out money it's being debited and when an account is bringing in money it's being credited
Firm managers should use inputs at levels where the:Multiple ChoiceValue marginal product of labor equals wage.Price equals marginal product.Marginal benefit equals marginal cost and value marginal product of labor equals wage.Marginal benefit equals marginal cost.
The price is the same as the marginal product. The potential reward equals the variable costs and maximum value. Wage equals marginal output of employment. The marginal profit is the same as the marginal cost.
The falling marginal productivity rule is an economic concept that managers consider while controlling productivity. In general, it contends that gains generated from small changes on the input side of the supply equation would advance only moderately per unit and may flatten out or even decline beyond a certain point. Executives discover a slightly diminishing rate of production yield per unit generated after making advantageous changes to the inputs driving output, according to the law of falling marginal productivity. When statistically graphed, this results in a sloping curve with the total production return obtained from aggregate unit output progressively increasing until leveling off and maybe continuing to drop.
To know more about marginal product:
https://brainly.com/question/29652804
#SPJ4
how do you manage scarce resources?
By setting the rations ahead of time and sticking to the intended plan as best as possible. Understand your limits to know how to measure the resources.
Running commercials for sleep medication during the middle of the night is an example of _____.
a. shockvertising
b. cool hunting
c. advertiming
d. conquesting
e. meta-advertising
Running commercials for sleep medication during the middle of the night is an example of advertising. The correct answer is c. Advertising is a strategy that focuses on timing the advertisement for maximum effectiveness.
Advertising takes into account the time of day, day of the week, and season to reach the target audience when they are most likely to be receptive to the message. In the case of sleep medication, running commercials during the middle of the night is a smart advertising strategy as it targets the audience when they are most likely to be awake and struggling with sleep-related issues.
Advertising is an important consideration for all types of advertising, as it can significantly impact the success of a campaign. Advertisers need to carefully consider the timing of their advertisements to ensure that they reach their target audience when they are most likely to be receptive to the message. By using advertising strategies, advertisers can optimize the effectiveness of their campaigns and achieve better results.
To know more about Advertising visit:
https://brainly.com/question/31598850
#SPJ11
Which of the following would you use to find out which Web sites with content related to database design were the mosts often linked to by other Web sites?
Web structure mining
The term used to find out which websites with content related to database design were the most often linked to by other websites is Web structure mining.
What is web structure mining?Web structure mining is the process of using data mining techniques to extract helpful data from the structure of web documents and services. Web structure mining examines the hyperlinks present on web pages to find out the link structure of a website or the internet as a whole. This approach provides more insight into the way the web is arranged and what makes it tick.What are the advantages of web structure mining?Web structure mining offers the following advantages:The capability to analyze and visualize the hyperlinks among pages helps in identifying hidden communities and structures.
The information gleaned from web structure mining can be used to improve search engines. A web crawler's efficiency may be improved using web structure mining. Furthermore, it enables web page ranking, link prediction, and page quality assessment.
To know more about websites visit:-
https://brainly.com/question/1631583
#SPJ11
Parent corporation owns all of subsidiary corporations stock in addition parent corporation owns $100,000 of subsidiary corporation's bonds. When subsidiary corporation is completely liquidated
Answer:
In this case, when the subsidiary corporation is completely liquidated they have to pay the $100,000 in the subsidiary corporation's bonds.
Explanation:
The reason behind this answer is that in case the subsidiary corporations decide to liquidate all of their assets in any case. They still have a debt to the parent corporation of $100,000. So, after they liquidate they have to take some of the money to pay the debt issued of those bonds. No matter what, or the parent company can write a lawsuit against them for not doing so.
Why do you want to work at Grocery Outlet? What skills make you a good fit for our team?
Answer:
Explanation:
Assuming this is a question for an interview and "Grocery Outlet" is a grocery store then I would say the following.
I am a very outgoing and friendly person which allows me to approach others with ease, and this in term helps me easily close many sales. Convincing customers that their best interest is to buy a specific product comes easy to me and would be of great value to the store, that is why I believe I will be a great asset If I am hired to work at Grocery Outlet.
Yeah
Aye' Lewis wassup?
Billy Bang
It's the chemists yall'
My love, do you ever dream of
Have you ever loved someone
So much you'd thought you'd die
Giving so much of yourself it seems the only way
Tell me what you want and now
And I will give it to you (You yeah)
'Cause you are my love do you ever dream of
Candy coated rain drops?
You're the same my candy rain
My love did you ever dream (Dream)
That it could be so right?
I never thought I would find
All that I need in life
All I want all I need now I know
I know I found it in you
'Cause you are my love do you ever dream of
Candy coated rain drops?
You're the same my candy rain
Billy Bang
Mommy call me bang bang like a gun
I make her candy rain let it rain on my tongue
Tell her don't stop get it get it, gimmie gimmie some
Baby don't stop get it get it til we get it done
Answer:
?????????????????????
Answer:
/: ??????????????
Explanation:
What competitive advantage does Apple use?
One of Apple's competitive advantages is its strong brand reputation and customer loyalty. Apple has successfully cultivated a brand image that is associated with high-quality, innovative, and user-friendly products.
This has helped the company to create a loyal customer base that is willing to pay a premium price for Apple products. Another advantage is Apple's focus on design and aesthetics. Apple products are known for their sleek and stylish designs, which have become important to the company's brand identity. This design focus has helped Apple differentiate its products from competitors and attract customers who value aesthetics and design.
Apple's ecosystem is also a competitive advantage. Apple has developed an ecosystem of hardware, software, and services that work seamlessly together, creating a cohesive user experience. This ecosystem helps to keep customers within the Apple ecosystem and makes it difficult for them to switch to competing products.
To learn more about Apple, visit here
https://brainly.com/question/29786028
#SPJ4
a measurement scale that provides consistent results over time ___
A measurement scale that provides consistent results over time is called a reliable scale or measurement.
Reliability refers to the consistency and stability of measurements or scores obtained from a scale or instrument. In other words, if a measurement scale is reliable, it means that it produces consistent and reproducible results when used repeatedly or across different time points.
Reliability is an important characteristic of a measurement scale as it ensures that the instrument is dependable and can be trusted to provide consistent results. This allows researchers or practitioners to have confidence in the accuracy and stability of the measurements obtained, enabling them to draw meaningful conclusions or make reliable decisions based on the data collected. Various statistical methods and techniques are used to assess and evaluate the reliability of measurement scales, such as test-retest reliability, internal consistency reliability, inter-rater reliability, etc.
Learn more about reliable scale here:
https://brainly.com/question/32248259
#SPJ11
If country A has a comparative advantage in the production of good X over country B, then: _______________
a. country A should not trade with country B.
b. the domestic opportunity cost of producing X in country A is higher than in country B.
c. the domestic opportunity cost of producing X in country A is lower than in country B.
d. the domestic opportunity cost of producing X in country A is higher or lower than in country B.
Considering the situation described above, if country A has a comparative advantage in producing good X over country B, then: the domestic opportunity cost of producing X in country A is lower than in country B.
What is Opportunity Cost?Opportunity cost is often used in economics to describe the profit lost when one choice or option is taken over another.
What is Comparative Advantage?Comparative Advantage is the term used to describe the economy's capacity to produce a specific good or service at a lower opportunity cost than its trading competitors.
Therefore, given that country A has a comparative advantage in producing good X over country B, this equates to country A having a lower opportunity cost than country B.
Hence, in this case, it is concluded that the correct answer is option C.
Learn more about Opportunity Cost here: https://brainly.com/question/3611557
Halving is the the operation that takes an array A with n distinct numbers and separates it into two half-sized1 arrays A0 and A1, where all elements of A0 are smaller than all elements of A1. (Note that it is not required that A0 and A1 are sorted. ) Prove that Halving can be done in linear time by presenting an algorithm and arguing its correctness and justifying the running time. You can describe the algorithm in words, if you wish. Just make it clear. You may also invoke any algorithms discussed in lecture in a black-box fashion without having to reprove its correctness
The Halving operation, which separates an array A into two half-sized arrays A0 and A1 such that all elements in A0 are smaller than all elements in A1, can be performed in linear time. This can be achieved by using the QuickSelect algorithm, a variation of the QuickSort algorithm. The algorithm works by selecting a pivot element from the array and partitioning the remaining elements into two groups, one with smaller elements and the other with larger elements.
The QuickSelect algorithm can be used to solve the Halving problem in linear time. It works as follows:
Select a pivot element from the array A.
Partition the array A into two groups: elements smaller than the pivot and elements larger than the pivot.
If the pivot is at the middle position, we have successfully halved the array. Return the two resulting arrays A0 and A1.
If the pivot is not at the middle position, recursively apply the algorithm on the corresponding partition (either the smaller elements or the larger elements).
Repeat steps 1-4 until the pivot is at the middle position.
The correctness of the algorithm can be justified by the fact that the QuickSelect algorithm is a well-known algorithm for finding the kth smallest element in an unsorted array. In the case of halving, we are effectively finding the median element, which ensures that all elements in A0 are smaller than all elements in A1.
The running time of the QuickSelect algorithm is linear on average, making it a suitable choice for solving the Halving problem efficiently. The partitioning step in each recursion reduces the size of the problem by half, resulting in a time complexity of O(n), where n is the number of elements in the input array A. Thus, the Halving operation can be done in linear time by utilizing the QuickSelect algorithm.
To learn more about algorithm, refer:
brainly.com/question/31936515
#SPJ11
Automotive Industry: Market usually consists of three or four sellers who dominate more than half the market and who try to differentiate their products through marketing.A. Perfect CompetitionB. Monopolistic CompetitionC. OligopolyD. Monopoly
In the automotive industry, the type of market that usually consists of three or four sellers who dominate more than half the market and who try to differentiate their products through marketing is known as Oligopoly. The correct answer is option C.
An oligopoly is a market structure in which a few large corporations control the vast majority of a sector's output or sales. The term "oligopoly" is derived from the Greek words "oligos," which means "few," and "polein," which means "to sell."The following characteristics are common in an oligopoly market:
The existence of only a few large corporations in the sector. The goods that are sold are close substitutes for one another. Entry barriers to new businesses are high. The oligopolists, or companies in the oligopoly market, try to distinguish their items from those of their competitors through advertising and promotions. Oligopolies exist in a variety of sectors, including autos, supermarkets, telecommunications, and entertainment.
To know more about the types of markets, refer here:
https://brainly.com/question/13414268#
#SPJ11
electronic wonders reports net income of $95,900. the accounting records reveal depreciation expense of $50,500 as well as increases in prepaid rent, accounts payable, and income tax payable of $39,700, $23,900, and $20,500, respectively. prepare the operating activities section of electronic wonders' statement of cash flows using the indirect method. (amounts to be deducted and negative values should be indicated by minus sign.)
Operating Activities Section of Electronic Wonders' Statement of Cash Flows: Net Income: $95,900 Adjustments for: Depreciation Expense: +$50,500 Increase in Prepaid Rent: -$39,700 Increase in Accounts Payable: +$23,900
Increase in Income Tax Payable: +$20,500 Net Cash Provided by Operating Activities: $151,100 To prepare the operating activities section of Electronic Wonders' statement of cash flows using the indirect method, we start with the net income of $95,900. Then, we make adjustments for non-cash expenses and changes in working capital. The depreciation expense of $50,500 is added back as it is a non-cash expense.
The increases in prepaid rent, accounts payable, and income tax payable are considered changes in working capital. Since they are increases, we subtract them from the net income. The increase in prepaid rent of $39,700, increase in accounts payable of $23,900, and increase in income tax payable of $20,500 are deducted. A
dding back the depreciation expense and deducting the changes in working capital, we arrive at a net cash provided by operating activities of $151,100. This amount represents the cash generated from the company's core operating activities during the specified period.
To learn more about Depreciation click here
brainly.com/question/30883869
#SPJ11
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
Become familiar with
Insurance
Visit
https://brainly.com/question/989103
Andre enjoys playing video games, but there is not a video game about his favorite hobby: collecting stamps. Andre decides to make a video game, not his for his enjoyment but to sell to other stamp collectors.
Answer:
B) entrepreneur
Explanation:
Since in the question it is mentioned that Andre enjoys while playing video games but at that time his favorite video game is not available i.e. collecting stamps. Now he decides to prepare a video game not for his enjoyment but for selling to the stamp collectors
So here the productive resources are entrepreneurs as it deals with the resources that are needed while producing the goods and services
hence, the correct option is B.
Question 2 (Mandatory) (0.5 points) Saved Which of the following is not part of a Project Management Plan? Question 2 options:
a Clear start and end times
b A salary scale for team member roles
c A work schedule
d A scope of work statement
The correct answer is b) A salary scale for team member roles.
A Project Management Plan typically includes the following components:
Project Scope: This defines the boundaries and deliverables of the project, outlining what will be included and excluded.
Project Objectives: These are the specific goals and outcomes that the project aims to achieve.
Project Schedule: This includes the timeline, milestones, and key activities of the project, providing a roadmap for project execution.
Work Breakdown Structure (WBS): This breaks down the project into smaller, manageable tasks, creating a hierarchical structure of work packages.
Resource Management: This involves identifying and allocating resources, such as personnel, equipment, and materials, required for project execution.
Risk Management: This includes identifying, assessing, and managing risks and uncertainties that may affect the project's success.
Quality Management: This outlines the quality standards and processes that will be followed to ensure the project's deliverables meet the required quality criteria.
Communication Plan: This defines the communication channels, stakeholders, and frequency of project communication to ensure effective information flow.
Change Management: This outlines the process for managing changes to project scope, schedule, and resources, ensuring that changes are properly evaluated and approved.
Cost Management: This includes estimating, budgeting, and controlling project costs, ensuring that the project is delivered within the allocated budget.
Project Governance: This defines the roles, responsibilities, and decision-making processes within the project, ensuring effective project governance.
From the given options, the component that is not typically part of a Project Management Plan is b) A salary scale for team member roles. While compensation and roles of team members are important considerations, they are generally addressed in a separate document or policy, such as a Human Resources or Team Management plan, rather than within the Project Management Plan itself.
Learn more about a Project Management here:
https://brainly.com/question/6500846
#SPJ4
What are direct competitors?
a) Other businesses that sell the same or similar products or services that a company sells
b) Other businesses that have the same or similar revenue
c) Other businesses that sell products that are different from a business but are similar enough that their products could satisfy the same need
d) Other businesses that have the same or similar investors
Direct opposition Businesses that compete with a corporation by offering identical or comparable goods or services.
What is business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
Free cash flow is the amount of money that remains after a company has paid for all of its operating expenses, such as buildings, machinery, payroll, taxes, and inventories.
When two or more businesses compete directly for the same prospective market by providing practically identical goods or services, this is known as direct competition. When two or more businesses fight for the same market by offering the same good or service, this is known as direct competition.
Therefore, Thus option(A) is correct.
Learn more about the business here:
https://brainly.com/question/15826771
#SPJ1
What are possible red flags or signs of a scam when buying a car?.
Sold goods whose list price is 5000 to rakesh at 6% trade discount and 1% cash discount he paid 60% price in cash jornal entry
The journal entry will be:
Debit: Accounts Receivable 2766
Credit: Sales 5000
Debit: Discounts Allowed 317
Credit: Trade Discount Allowed 300
Credit: Cash Discount Allowed 17
How to depict the journal entry?To record the sale of goods to Rakesh at a trade discount and cash discount, you would make a journal entry to debit Accounts Receivable (for the amount Rakesh will pay on credit) and credit Sales (for the revenue from the sale). The entry would also need to include any applicable discounts.
The trade discount is calculated by multiplying the list price of the goods by the trade discount percentage (6% in this case), so the trade discount would be:
5000 x 6% = 300
The cash discount is calculated by multiplying the list price minus the trade discount by the cash discount percentage (1% in this case), so the cash discount would be:
(5000 - 300) x 1% = 17
The total discounts is trade discount + cash discount
300 + 17 = 317
The amount Rakesh paid in cash would be calculated by multiplying the list price minus the discounts by the percentage he paid in cash (60% in this case), so:
(5000 - 317) x 60% = 2766
Learn more about Journal entry on:
https://brainly.com/question/14279491
#SPJ1
How do the elements of the marketing mix work together to help create a
marketing strategy?
Answer:
The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.
Explanation:
Davidson company has sales of $100,000, variable cost of goods sold of $40,000, variable selling expenses of $15,000, variable administrative expenses of $5,000, fixed selling expenses of $7,000, and fixed administrative expenses of $9,000. What is davidson’s contribution margin?.
Davidson’s contribution margin for the sale of goods would be : $40,000
What is contribution margin?Contribution margin is a business' sales revenue less its variable costs. The resulting contribution margin can be used to cover its fixed.
Contribution margin is computed as:
= Sales - Total variable cost(Variable cost of goods sold + Variable selling expenses + Variable administrative expenses)
= $100,000 - ($40,000 + $15,000 + $5,000)
= $100,000 - $60,000
= $40,000
Therefore, Davidson’s contribution margin for the sale of goods would be $40,000
Learn more about contribution margin here : https://brainly.com/question/24309427
You are writing a long, complex document in which you need to explain a series of events that led to a problem, evaluate several possible options for solving that problem, and present the most important factors to consider in making a decision. Which pattern of organization would be most effective?.
Let’s say that you’re the general manager at a nice hotel. Suddenly, you notice that customers are rating your property two and three stars instead of the customary five stars you and the team are used to earning. You need to decide on the next steps to solve this issue. Let’s start right at the top of the rational decision-making model.
Understand the issue. The issue is clear to you. Customers are rating their experience at your property online, and they’re not happy. This will surely damage your team’s efforts to generate new business. You need to find a way to earn better customer ratings. Define the problem. You and your team sit down and read the last twenty or thirty customer reviews on three different travel sites. It turns out that customers’ unhappiness coincides with a recent increase in rates. They no longer feel they’re getting good value for their money. Define the objectives. What criteria will your solution have to meet? Your want to start getting better ratings from customers. You don’t want to see customers complaining about anything online. Your objective is 100% happiness, 100% five-star ratings. Diagnose the problem. This is the stage where you look to determine and understand the root causes of your issue. Perhaps you decide that all customer-facing staff report daily on quality issues. And maybe you consult with operations on additional perks that can be incorporated into the guest experience without giving away too much margin. Develop alternatives. You ultimately want to create a lengthy list of alternatives and not decide on one too quickly. You look over your employees’ reports on quality. You wait on operations for recommendations on extra perks. You collect all the data. Evaluate alternatives. Once you have all your alternatives on the table, you can start to make a choice. Every employee suggestion, every operations recommendation should be in front of you, and you consider each option carefully. Select an alternative. One of your employees has suggested two additional members for the housekeeping staff, as the current level of staff is having difficulty keeping up with the increase precipitated by an office building opening up down the street. A member of your operations team has suggested providing a continental breakfast for business travelers in response to the increase in that customer type. Both seem like good ideas. Which will provide the bigger impact? Implement alternative. You decide to hire the two additional members for the housekeeping staff, understanding that your customers view quality in clean rooms and common spaces. You get the budget approved and post for those two jobs. You make a plan to check-in at the thirty-day mark to see if customers’ ratings have improved.
Organizations make decisions every day, and, as we mentioned earlier, the better and quicker they do so, the more successful they will be. But what kind of techniques and tools do organizations employ to make good decisions? What are the obstacles and how can a good, creative decision give an organization a leg up on the competition?
The Decision Making Process
“To be or not to be: that is the question.” Hamlet lamented.
“Should I stay or should I go now?” The Clash asked.
“Two roads diverged in a yellow wood,” Robert Frost pointed out.
If you’re struggling to make a decision, you’re in good company. Literature, poetry and pop culture provide plenty of sympathy for your plight. Sadly, while they understand your pain, they don’t always sing you to the correct resolution. When it comes to making a decision, in business or in life, how can you be sure you’re doing the right thing?
Well, we wouldn’t be writing songs about making decisions if it were an easy task. That said, researchers have studied the decision-making process as much as anything else, and they’ve come away with some different ideas and models that help us understand how we can make decisions more carefully and successfully. Let’s take a look at the five best known of those decision making models.
Rational Decision Making
The rational decision making model assumes decisions are based on an objective, orderly, structured information gathering and analysis. The model encourages the decision maker to understand the situation, organize and interpret the information, and then take action. There are eight steps in the rational decision making process.