(C) Managerial accounting, as compared to financial accounting is uses frequent and prompt control reports.
Although managerial accounting and financial accounting work in tandem to support an organization's financial strategy, prospective employees should be aware of the distinctions between the two fields. Financial accounting concentrates on an organization's external financial procedures, whereas managerial accounting concentrates on the internal financial processes of an organization.
Managerial accountants concentrate on short-term growth plans for maintaining the economy. Managerial accountants, for instance, can conduct a make-or-buy study to assess the financial viability of making a part to aid in the manufacturing of a product.
Financial accountants concentrate on long-term financial plans for advancing organizations. These accountants adopt predetermined forms and adhere to Financial Accounting Standards Board (FASB) norms and regulations when creating financial reports. All publicly traded U.S. corporations have embraced generally accepted accounting standards (GAAP), which contain the rules.
Financial accountants must generate reports for executives, shareholders, and potential investors, thus adherence to standard formats is essential. However, managerial accountants typically write their reports with internal audiences in mind.
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There are three different types of business ownerships: Sole Proprietorship, Partnerships and Corporations. Explain why different types of businesses exist, and why a business might choose one type of ownership over the other
Different types of businesses exist to accommodate varying needs, goals, and circumstances of entrepreneurs and business owners. The choice of business ownership is influenced by several factors, including liability, taxation, management structure, and long-term business objectives.
Sole Proprietorship:
A sole proprietorship is the simplest form of business ownership, where a single individual owns and operates the business. This type of ownership may be preferred for the following reasons:
Ease of formation: Sole proprietorships are easy and inexpensive to set up compared to other types of ownership structures.
Complete control: The owner has full control over decision-making and business operations.
Tax advantages: Sole proprietors can benefit from certain tax advantages, such as reporting business income on their personal tax return and potentially offsetting losses against other income.
Partnerships:
Partnerships involve two or more individuals who come together to carry out a business venture. Partnerships offer the following advantages:
Shared responsibility and expertise: Partners can contribute different skills, resources, and expertise to the business.
Shared risk and liability: Partnerships distribute the business's risks and liabilities among the partners, which can provide a level of protection for individual partners.
Flexibility: Partnerships can be relatively easy to establish and dissolve, providing flexibility for collaboration on specific projects or ventures.
Corporations:
Corporations are separate legal entities distinct from their owners/shareholders. They are often chosen for the following reasons:
Limited liability: Shareholders' personal assets are generally protected from the corporation's debts and liabilities, limiting personal risk.
Access to capital: Corporations can issue shares of stock to raise funds and attract investors. This makes it easier to access capital for growth and expansion.
Perpetual existence: Corporations can continue to exist even if the ownership or management changes, providing stability and continuity.
It's important to note that each business structure has its own advantages and disadvantages, and the choice depends on the specific circumstances, goals, and preferences of the business owners. Consulting with legal and financial professionals can help entrepreneurs make informed decisions about the most suitable business ownership structure for their particular situation.
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how does a service contract differ from a warranty? what rights do purchasers of products have even if no written warranty exists?
Service contract differs from a warranty in the sense that the former is paid for while the later is offered free of charge by the automaker.
The rights that purchasers of products have even if no written warranty exists is that they can keep funds to cover anything if there is no written warranty.
What is service contract and warranty?Basically, warranty means a written guarantee from the manufacturer that tells you if your damaged product can be returned/ fixed. Service contract means an agreement between a business and a consumer to cover the cost of repair.
The service contract directly engages the time and effort of a contractor whose primary purpose is to perform an identifiable task rather than to furnish an end item of supply. Its may be either a nonpersonal or personal contract.
But, a warranty serves as a legally binding commitment forming part of the sales contract which assures the buyer that the product or service is free from defects.
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After graduating from college, Joseph Tantillo decided to start a retail Web site that specializes in personalized Greek apparel. To fund his Web site, he borrowed money from his parents (who expect to be repaid with interest). In other words, he used _____ financing.
Answer:
Debt financing
Explanation:
Debt financing is defined as borrowing that a company undertakes to finance it's operations by selling of debt instruments to investors.
The debt instrument attracts interest payment.
Examples of debt financing includes bank loans, loans from friends and family, and government backed loans.
In the given scenario Joseph Tantillo decided to borrow money from his parents to start a retail Web site that specializes in personalized Greek apparel. This is debt financing
In contrast equity financing involves sale of shares to obtain capital
Which of the following statements is correct? Multiple Choice If supply decreases and demand remains constant, equilibrium price will fall. If supply decreases and demand increases, equilibrium quantity is indeterminate. If supply increases and demand remains constant, equilibrium price will rise. If supply increases and demand increases, equilibrium quantity will fall. If supply increases and demand increases, equilibrium price will rise.
The statement that is correct is D. If supply increases and demand increases, equilibrium quantity will fall.
Demand is the quantity of goods and services that one is willing to buy at a particular price and at a given time.
On the other hand, supply is the quantity of goods that a supplier wants to sell at a given price and time.
It should be noted that in a situation whereby there's an increase in the supply and the demand of a product, this will lead to a reduction in the equilibrium quantity.
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Explain the core functions of organizational culture.
The core functions of organizational culture are to provide a shared identity and guidelines for behavior, shape employee motivation and productivity, and influence organizational performance and interactions with stakeholders.
Organizational culture refers to the shared values, beliefs, attitudes, and practices that shape the behavior of individuals within a company. Its core functions are to create a sense of identity and unity among employees, provide guidelines for behavior, and help employees understand the organization's mission and goals. Culture also affects employee motivation, engagement, and productivity.
It influences the recruitment and retention of employees, shapes the way decisions are made, and determines how the organization interacts with stakeholders. Effective organizational culture fosters innovation, collaboration, and adaptability, while a negative culture can lead to high turnover, low productivity, and poor performance.
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assume that by continuing your education, you increased your yearly earning potential from 21,484 to 39746.
The fundamentals of Project Management are considered universal across most businesses and professions.
A. True
B. False
Answer:
A. True
Explanation:
Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service. Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.
The fundamentals of Project Management are considered universal across most businesses and professions.
The fundamentals of Project Management includes;
1. Project initiation
2. Project planning
3. Project execution
4. Monitoring and controlling of the project
5. Adapting and closure of project.
It is very important and essential that project managers in various organizations, businesses and professions adopt the aforementioned fundamentals in order to successfully achieve their aim, objectives and goals set for a project.
affar Tabrizi is the owner of Tabrizi Oriental Rugs located in Toronto, Canada. He shops the world over, handpicks, and orders beautiful, authentic handmade rugs. He has them shipped to Canada, where he sells them through his brick-and-mortar stores and his www.tabrizi website. In terms of the marketing channel, Jaffar is acting as Multiple Choice a consumer. an agent. a wholesaler. a brokerage firm. a middleman.
Answer:
A middleman
Explanation:
A middle man in trade is a person that is willing to make negotiations between people that are not willing to meet themselves. They go the extra mile to purchase goods and make them available to customers that have need of them.
In the given scenario Tabrizi shops the world over, handpicks, and orders beautiful, authentic handmade rugs. He has them shipped to Canada, where he sells them through his brick-and-mortar stores and his www.tabrizi website.
Clients in Canada are not able to travel to far places to purchase rugs so he steps in to this role and obtains rugs for his local clients.
Which of the following is filling the role of a consumer?
The following is filling the role of a consumer - A consumer is some-one who buys things, like at a super-market. Lets say someone purc-hased ice cream, they are a consumer.
What is the role of a consumer?A consumer also is call-ed the end user. The consumer is the one who pays some-thing to consume goods and ser-vices produced. As such, con-sumers play a vital role in the econ-omic system of a nation.
Without consumer dem-and, producers would lack one of the key motiv-ations to produce: to sell to consumers. Consumer is the per-son who uses the product and/or service.
Complete question -
Which of the following is filling the role of a consumer?
A. A consumer is some-one who buys things, like at a super-market.
B. Courtney orders chicken for her company picnic
C. Mario plays a computer game with his sister
D. Latoya buys software for her business start up
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What are some large-scale economic shifts that have created our present service economy
The capitalist system in the United States is one of the large-scale economic shifts that have created our present service economy
What is meant by an economic shift?Economic change, which can be characterized as a change in the economy's structure, policies, or growth, is one of the external factors that influence company decision-making.
Every country's economy has expansionary and contractionary eras. The levels of employment, productivity, and the overall demand and supply of the country's goods and services are what lead to these changes. These adjustments cause short-term expansionary and deflationary episodes.
An economic system known as a service economy is one in which the provision of services, as opposed to the production of products, is the primary activity. Road construction, medical treatment, food, lodging, and other professional services are some of these services.
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On August 20, Max, Inc. issues 100 shares of $1 par value preferred stock for $3,000 cash. The entry to record this transaction would include a (CREDIT) to the preferred stock account in the amount of ($100).
The credit of $100 to the preferred stock record.
The amount of $3000 suggests an increment to cash which would be recorded by charging a cash account, then again, the credit is parted into two records, with the standard worth of $100 ($1*100) being credited to the favored stock record and the surplus of $2900($3000-$100) being credited to paid-in capital in the abundance of standard for the favored stock record.
Dr cash $3000
Cr Preferred stock record $100
Cr paid-in capital in overabundance of standard worth $2900
Preferred stock is a class of stock that is conceded sure privileges that vary from normal stock. To be specific, favored stock frequently has higher profit installments and a higher case of resources in case of liquidation.
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Bryant Manufacturing produces its product in two sequential departments. During October, the first process finished and transferred 300,000 units of its product to the second process. Of these units, 60,000 were in process at the beginning of the month and 240,000 were started and completed during the month. At month end, 40,000 units were in process. Using the FIFO method, compute the number of equivalent units of production for direct materials for the first process for October assuming that all direct materials are added to products when processing begins.
Multiple Choice
280,000.
240,000.
340,000.
300,000.
200,000.
The number of equivalent units of production for direct materials for the first process in October, using the FIFO method, is 280,000 units. Option A.
To calculate the equivalent units of production for direct materials using the FIFO method, we need to consider the units that were completed and transferred out during the month and the units that are still in process at the end of the month.
In this case, 240,000 units were started and completed during the month. These units are considered fully processed and are counted as equivalent units.
Additionally, 40,000 units were in process at the end of the month. These units are partially processed and need to be accounted for.
Therefore, the total equivalent units of production for direct materials for the first process in October, using the FIFO method, is:
Equivalent Units = Units completed and transferred + Units in process
Equivalent Units = 240,000 units + 40,000 units
Equivalent Units = 280,000 units
Thus, the correct answer is 280,000. SoOption A is correct.
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The tables show two ways to pay off $500 in credit card debt. Which is the best option for someone who wants to improve his or her credit and pay less interest on the debt? $15 a month because it will let the person keep more spending money $100 a month because it will free up credit to buy other things $15 a month because it will save money in the long run $100 a month because it will reduce the amount of interest paid
$100 a month because it will free up credit to buy other things and it will reduce the amount of interest paid.
What is an installment in EMI?A set monthly payment made by a borrower to a creditor on a predetermined day each month is known as an equated monthly installment (EMI). Every month, interest and principal are subject to EMIs, and the loan is repaid in full over a number of years.
When you have extra money, you can periodically credit more into your loan account than your EMI to reduce your interest payment. If you deposit more than your EMI, which is due on a regular basis, most banks won't impose a pre-payment penalty.
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Ms Kona owns a 9 percent interest in Carlton LLC
If Ms. Kona owns a 9% interest in Carlton LLC, it means that she has a 9% ownership stake in the company.
What soes stake ownership meanMs. Kona is evidently an owner of 9% of Carlton LLC, granting her a privilege to a nine percent share in the association's gains and interest when it comes to taking part in management resolutions.
In essence, the specifics of her investment rights are reliant upon the particular conditions of the existing Limited Liability Company operation contract, which supervises the alliance between the business' proprietors and executives.
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Which of the following would normally be expected to result in an increase in the supply of funds, all else equal? L. The perceived riskiness of all investments decreases II. Expected inflation increases III. Current income and wealth levels increase IV. Near term spending needs of households increase as energy costs rise O I and ill only II and III only O II, III, and IV only I and IV only
The perceived riskiness of all investments decreases and Current income and wealth levels increase would normally be expected to result in an increase in the supply of funds, all else equal. Hence, option A is correct.
What is supply of funds?The amount of money that is available for loans serves as a proxy for how every saver acts in a given economy. A saver is more willing to put money away if they can get a greater interest rate. As a result, the availability of loanable money indicates that when interest rates rise, there will be more savings on hand.
The total amount of money—cash, coins, and balances in bank accounts—in circulation is known as the money supply. The money supply is typically understood as a collection of secure assets that individuals, businesses, and governments can use to make payments or hold as short-term investments.
Thus, option A is correct.
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Microbiotics currently sells all of its frozen dinners cash-on-delivery but believes it can increase sales by offering supermarkets 1 month of free credit. The price per carton is $100, and the cost per carton is $65. The unit sales will increase from 1,050 cartons to 1,110 per month if credit is granted. Assume all customers pay their bills and take full advantage of any credit period offered.
a. If the interest rate is 1% per month what will be the change in the firm's total monthly profits on a present value basis if credit is offered to all customers?
b. If the interest rate is 1.5% per month v/hat will be the change in the firm's total monthly profits on a present value basis if credit is offered to all customers?
c. Assume the interest rate is 1 5% per month but the firm can offer the credit only as a special deal to new customers, while existing customers will continue to pay cash on delivery. What will be the change in the firm's total monthly profits on a present value basis under these conditions?
Answer:
Following are the responses to the given question:
Explanation:
\(\text{Present value of profit} = ( Revenue - cost ) \times Unit\ sold\)
\(= (\$100 - \$65 ) \times 1,050\\\\= (\$35 ) \times 1,050\\\\= \$36,750\)
For point a:
\(\text{PV of profits} = PV(REV -COST) \times Units \ sold\)
\(= (\frac{\$100}{ (1 + .01)} - \$65) \times 1,110\\\\= (\frac{\$100}{ (1 .01)} - \$65) \times 1,110\\\\= (99.0 -65) \times 1,110\\\\= 34\times 1,110\\\\= \$37,740\\\)
Changes in monthly profits:
\(= \$37,740 - \$36,570 = \$1,170\)
At 1%, the credit offer raises the company's earnings for one month.
For point b:
\(\text{PV of profits} = PV(REV -COST) \times Units \ sold\)
\(=(\frac{\$100}{(1 + .015)} -\$65) \times 1,110\\\\=(\frac{\$100}{(1.015)} -\$65) \times 1,110\\\\=33.52\times 1,110\\\\= 37,207.2\)
Changes in monthly profits:
\(= \$37,207.2- \$36,570 = $637.2.\)
At 1.5%, the loan offering raises the company's earnings for one month.
For point c:
\(\text{PV of profits} = PV(REV -COST) \times Units \ sold\)
\(= (\$100 - \$65 ) \times 60\\\\ = \$2,100\)
\(\text{PV of profits} = PV(REV -COST) \times Units \ sold\)
\(= (\frac{\$100}{(1 + .015)} - \$65) \times 60\\\\= (\frac{\$100}{(1.015)} - \$65) \times 60\\\\=33.52 \times 60\\\\= 2011.2\)
Changes in monthly profits:
\(= \$2,011.2 -\$2,100 = \$88.8\)
At a cost of 1.5%, the credit rates decrease the company's income for one month.
Identify and explain about any 3 title of business objectives
Answer:
1. Getting and Staying Profitable
Maintaining profitability means making sure that revenue stays ahead of the costs of doing business. Focus on controlling costs in both production and operations while maintaining the profit margin on products sold.
2. Productivity of People and Resources
Employee training, equipment maintenance and new equipment purchases all go into company productivity. Your objective should be to provide all of the resources your employees need to remain as productive as possible.
3. Excellent Customer Service
Good customer service helps you retain clients and generate repeat revenue. Keeping your customers happy should be a primary objective of your organization.
4. Employee Attraction and Retention
Employee turnover costs you money in lost productivity and the costs associated with recruiting, which include employment advertising and paying placement agencies. Maintaining a productive and positive employee environment improves retention.
When buying highly technical, few-of-a-kind products such as hydroelectric power plants, governments have found that general contractors are reluctant to specify a formal, fixed price for the procurement. Therefore, these contractors use __________ to compensate them for any cost overruns
O at-market pricing O experience curve pricing O cost-plus-fixed-fee pricing O standard markup pricing
When shopping for highly technical, few-of-a-kind merchandise such as hydroelectric power plants, governments have observed that accepted contractors are reluctant to specify a formal, fixed rate for the procurement. Therefore, these contractors use cost-plus-fixed-fee pricing to compensate them for any price overruns.
Which is an instance of cost-plus fixed charge pricing?A: As an example, a cost-plus contract might also establish that the complete estimated cost of a building challenge is $10 million plus a fixed fee of $1.5 million, roughly 15% of the total cost, as the contractor's profit. So the total fee to the client would be approximately $11.5 million —the fee plus the fee.
Why cost-plus pricing is the best?As long as whoever is calculating the costs per user or item is including everything up correctly, fee plus pricing ensures that the full price of creating the product or enjoyable the carrier is covered, permitting the mark-up to make certain a high-quality rate of return.
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https://brainly.com/question/20734353#SPJ4______is a process in which managers and employees at all levels set objectives for what they are to accomplish
Answer:
This is a process in which managers and employees at all levels set objectives for what they are to accomplish
The Davis family grows organic vegetables to sell at a local farmer’s market. Which are factors that directly affect their profit? Check all that apply.
an increase in the cost of farm equipment
a rise in demand for organic produce
an increase in customers at the market
a change in the market price for non-organic fruit
a sale on organic meats at the market
(answer is abc)
Answer:
an increase in the cost of farm equipment
Explanation:
With the Davis family continuously growing and selling vegetables they would need to repair or get new equipment
Answer:
a b c
Explanation:
name and describe the element of a company's macro.envoirment and give example illustrating why each is important
The macro environment, in contrast, refers to larger variables that can have an impact on a firm. Demographic, ecological, political, economic, sociocultural, and technical aspects are a few examples of these variables.
What are the importance of macro environment's element?Macroenvironment analysis is a component of strategic management for businesses, and it enables them to study and identify potential opportunities and risks that can have an impact on their business. The goal is to give management the knowledge they need to make informed operational decisions.
Financial stability and economic prosperity are promoted by favorable macroeconomic circumstances in a nation.
Thus, The macro environment, in contrast, refers to larger variables.
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Direct-mail questionnaires should be kept to a maximum of how many pages? A.One B.Two C.Three D.Four
Answer:
One page
Explanation:
Direct mail questionnaires should be kept to a maximum of a single page.
This is because the target audience of these mails which are the respondents will treat this like they treat regular mails and my not be disposed to answering or giving responses.
So an increased number of pages would surely further decrease the attention the questionnaire would receive from these respondents.
Thus, it is best that the questionnaire is restricted to a single page.
Please select the word from the list that best fits the definition
Level of a woman's income relative to that of a man.
There are different ways to define a term. Th word from the list that best fits the definition is Wage gap
What is wage gap?This is a term that refers to the level of women's income that is relative to that of men.
The wage gap exist due to the Differences in pay that is due to occupational segregation where there is more men in higher paid industries and women in smaller paid industries.
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Answer:
Wage gape
Explanation:
2023-2024 EDGE
11. Identify five products sold in shops around your home. (5mks) 12. Identify any five occupations found in your trading centre. (5mks) 13. Outline the role of division of labour and specialisation. (5mks)
Groceries, apparel, electronics, books, and home products are the five items that are sold in stores close to my house. Shop owners, salespeople, the cashiers, guards for safety, and dry cleaners are the five jobs present in my trading center.
The separation of tasks and functions inside a system to boost production and efficiency is referred to as the division of labour and specialization.
Specialization enables workers to concentrate on the stages of the production process where they have an advantage, increasing productivity and output. The separation of roles and duties within a system is made possible by the division of labour, which boosts production and efficiency.
As a result, the significance of the five products sold in shops around home are the aforementioned.
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Kensington, Inc. is considering an investment in new equipment. The equipment has a payback period of 5.25 years and it has equal annual cash flows. The equipment has no salvage value will be depreciated straight-line over its 8-year useful life. If the new equipment’s initial cost is $33,600, what are the equal annual cash flows?
The equal annual cash flows come out to be $6,400 when the payback period is 5.25 years and the cost of equipment is $33,600.
What is a payback period?The payback period is a method of capital budgeting that tells about how many years the invested amount is recovered back.
Given values:
Payback period: 5.25 years
Cost of equipment: $33,600
Computation of equal annual cash flows:
\(\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\frac{\rm\ Cost \rm\ of \rm\ equipment}{\rm\ Payback \rm\ period} \\\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\frac{\$33,600}{5.25 years} \\\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\$6,400\)
Therefore, when the investment in equipment is $33,600 and the payback period is 5.25 years then the annual cash flows come out to be $6,400.
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. The 14th amendment outlines the path for citizenship in the United States. What are the ways you can be a citizen in this country? (3 points)
*
3 points
completing the naturalization process
immigrating from a different country
Being born on American soil
Being a natural-born child of American citizens
knowing all 50 state capitals
saying the pledge of allegiance
The 14th Amendment outlines the path to citizenship in the United StatesSome the ways you can be a citizen in this country is
completing the naturalization processBeing born on American soilBeing a natural-born child of American citizensThe United States Constitution's 14th Amendment was approved in 1868. It was passed in response to the post-Civil War citizenship debate involving former slaves.
Being a natural-born citizen of the United States means that you automatically became one when you were born to parents who were both citizens of the country. Being born on american Soil will also give citizenship.
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Rent payments that are processed through a third-party network after March 11, 2021, should be reported to the taxpayer on:
After March 11, 2021, such rent payments as described above should be reported on Form 1099-MISC, Miscellaneous Information.
The subject of rent payments made through third party networks is covered under the American Rescue Plan Act which:
Was signed by President Biden on March 11, 2021.Clarifies the scope of Form 1011-K.The Act shows that when rent payments are made through third-party networks, they should be treated as miscellaneous information and reported on Form 1099-MISC.
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Using the lower of cost or market, what should the total inventory value be for the following items:
Item Quantity Unit Cost Price Unit Market Price Total Cost Price Total Market Price
A 300 $15.00 $14.50 $4,500 $4,350
B 200 $14.00 $15.00 $2,800 $3,000
C 100 $17.00 $17.50 $1,700 $1,750
Apply the lower-of-cost-or-market method to inventory as a whole.
Answer:
The total inventory value based on the lower-of-cost-or-market value method applied to inventory as a whole is:
= $9,000.
Explanation:
a) Data and Calculations:
Item Quantity Unit Cost Unit Market Total Cost Total Market
Price Price Price Price
A 300 $15.00 $14.50 $4,500 $4,350
B 200 $14.00 $15.00 $2,800 $3,000
C 100 $17.00 $17.50 $1,700 $1,750
Total cost or market price $9,000 $9,100
Submission Requirements Hurry Pls Help ASAP!!!
Nine hundred word response.
When submitting written assignments, please remember to:
Submit the assignment question(s) and your responses.
Proofread for spelling, grammar, and punctuation.
Remember complete sentence structure.
Paragraphs need to have minimum of six sentences.
Submit your E.T.H.I.C.S. model of one of the provided scenarios.
When submitting written assignments, please remember to Proofread for spelling, grammar, and punctuation. Hence, option B is correct.
What is meant by Proofread?Proofread is the double-checking of the written assignment or the work that is being already done to the person. It helps the person to identify the little mistakes that they have made during the making of the assignment.
Proofread is always a better solution to understand the work and makes the work complete and perfect. After Proofread, one can identify their mistakes and make them correct.
Thus, option B is correct.
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how skill based training can assist you in with future unemployment commtunity service
Skill-based training can be incredibly helpful in preparing you for future unemployment community service by equipping you with the tools and abilities necessary to succeed in the job market.
How can skill - based training be beneficial ?Skill-based training can provide you with the specific skills and knowledge required for your desired job or industry. By gaining these skills, you will be more marketable and valuable to potential employers.
Skill-based training can help you become more flexible and adaptable in the face of changing job requirements or industries. You may be able to take on new tasks or roles more easily and be better equipped to pivot your career path.
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