Comparing the two EMV values, the resort should select the option with the higher EMV, as it represents the option with the higher expected net financial outcome. EMV (two lifts) is the best option and the value is $190,000.
To determine whether Snow Valley Ski Resort should purchase one or two lifts for its new ski resort, an EMV (Expected Monetary Value) analysis is conducted.
The analysis considers the lift utilization rates based on economic conditions (bad, normal, and good) and calculates the equivalent annual costs and revenues. The resort's decision will be based on the EMV, which represents the expected net financial outcome of each option.
To begin the EMV analysis, we calculate the probabilities of each economic condition: 0.3 for bad times, 0.5 for normal times, and 0.2 for good times. Based on these probabilities, we can determine the lift utilization rates and associated revenues.
For bad economic conditions, the first lift operates at 90 percent capacity, accommodating 450 customers per day.
During normal times, the first lift operates at full capacity (500 customers per day) and the second lift is utilized at 50 percent capacity, accommodating 250 customers per day. In good times, the second lift's utilization increases to 90 percent, accommodating 450 customers per day.
Next, we calculate the annual costs and revenues for each option. The annual cost of installing one lift is $100,000, while installing two lifts simultaneously costs $190,000 annually. Both lifts have an annual operating cost of $200,000.
To calculate the EMV, we multiply the probability of each economic condition by the corresponding net financial outcome (revenue minus costs). The net financial outcome is the revenue generated from lift ticket sales minus the annual operating cost.
For one lift, the EMV is calculated as follows:
EMV (one lift) = (0.3 * [450 customers/day * $50/customer - $200,000]) +
(0.5 * [500 customers/day * $50/customer - $200,000]) +
(0.2 * [500 customers/day * $50/customer - $200,000]) -
$100,000 (annual installation cost)
For two lifts, the EMV is calculated as follows:
EMV (two lifts) = (0.3 * [450 customers/day * $50/customer - $200,000]) +
(0.5 * [750 customers/day * $50/customer - $400,000]) +
(0.2 * [900 customers/day * $50/customer - $400,000]) -
$190,000 (annual installation cost)
Comparing the two EMV values, the resort should select the option with the higher EMV, as it represents the option with the higher expected net financial outcome.
Therefore, the resort should choose the option (one lift or two lifts) that yields the higher EMV, ensuring the best financial decision based on the given probabilities and cost-revenue calculations.
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A caramel corn company gives four different prizes, one in each box. They are placed in the boxes at random. Find the average number of boxes a person needs ...
The average number of boxes a person needs to buy in order to get one of the four different prizes can be found using the formula for expected value. Let X be the number of boxes a person needs to buy to get a prize. Then, the probability of getting a prize in the first box is 4/4, in the second box is 3/4, in the third box is 2/4, and in the fourth box is 1/4.
Therefore, the expected value of X is (1*(1/4)) + (2*(2/4)) + (3*(3/4)) + (4*(4/4)) = 10/4 = 2.5. So, on average, a person needs to buy 2.5 boxes to get one of the four different prizes.
To find the average number of boxes a person needs to buy to collect all four different prizes from the caramel corn company, we can use the concept of the Coupon Collector's Problem. The expected number of boxes needed to collect all four prizes can be calculated as:
E(T) = n * (1/1 + 1/2 + 1/3 + 1/4), where n is the number of distinct prizes (4 in this case).
E(T) = 4 * (1 + 1/2 + 1/3 + 1/4) = 4 * (25/12) = 100/12 ≈ 8.33 boxes.
On average, a person needs to buy approximately 8.33 boxes to collect all four different prizes.
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to decide how much an insurance policy should cost a customer, underwriters use ________, such as historical industry trends and loan characteristics, to predict risk levels.
To decide how much an insurance policy should cost a customer, underwriters use: Data analytics.
Data analytics can be defined as the systematic computational collection, modelling and analysis of raw data, in order to discover trends, patterns, and draw conclusions about the information that are contained in the data.
An insurance policy can be defined as a contractual agreement between an insurer and an insured (policyholder), in which the claims, terms and conditions binding on both parties are listed in details.
Thus, it is a contract in which an insurer indemnifies an insured (policyholder) against losses in the event of certain dangers or problems.
Underwriting refers to a process through which an insurer determines the risks of insuring a customer and establishing the required cost (price).
Basically, underwriters use data analytics to predict risk levels and determine how much an insurance policy should cost a particular customer. Some examples of the data used by underwriters are:
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when employees suggest changes in a positive way and make innovative suggestions for change, they are exhibiting:
when employees suggest changes in a positive way and make innovative suggestions for change, voice behavior is exhibited:
Voice conduct refers back to the behavior that proactively situations the status quo and makes constructive modifications. preceding studies have explored the antecedents of personnel' voice conduct, however to whom employees are probably to voice their thoughts has remained not often tested.
voice conduct is difficult and transformative in nature, therefore, voice conduct is regularly accompanied by struggle or hazard, which made employees more careful approximately voice. therefore, employees frequently select to “know but keep silent,” and generally tend to accurately guard themselves. The phenomena are in particular obvious in China’s enterprise, in which concord is valued and with higher electricity distance.
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b) They hire a new employee and after orientation, they collect the person's state
ID, social security number, and other important documents. At this point, what
responsibility do the two friends have as it pertains to regulation? Which guidelines
does this correspond with? (2 points)
Based on the given information, The guidelines do correspond with General Data Protection Regulation highlighting personal information.
As the context seems incomplete the answer is written in generalise manner.
When new employees start working for a firm, their personal information and other sensitive data must be collected and stored in accordance with numerous requirements to preserve their privacy and security.
The General Data Protection Regulation (GDPR), is a comprehensive data protection law that applies to firms operating in the European Union (EU) and the European Economic Area (EEA).
The GDPR requires businesses to seek explicit consent from individuals before collecting and processing their personal information, as well as to adopt sufficient technical and organizational safeguards to secure that data from unauthorized access or disclosure.
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What is a public good?
A A public good is a product or service that one consumer can prevent another consumer from using, and is not accessible without
payment
B A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without
payment
C A public good is a product or service that one consumer cannot prevent another consumer from using, and is not accessible without
payment
D A public good is a product or service that one consumer can prevent another consumer from using, and is accessible without payment.
I believe your answer is B
A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without payment
A football player on a 2 million dollar contract who refuses to show up to training camp because another similar football player has a contract for more money is an example of ________.
Answer:
Equity Theory.
Explanation:
Hope this helps!
P.S, Brainliest if correct! Thanks!
Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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What is an advantage of doing more than the minimum required to comply
with EEOC laws and regulations?
There are several advantages to doing more than the minimum required to comply with Equal Employment Opportunity Commission (EEOC) laws and regulations. Here are a few:
Improved workplace culture: By going above and beyond in promoting diversity, equity, and inclusion, you can create a more welcoming and inclusive workplace culture. This can lead to higher employee morale, improved job satisfaction, and lower turnover rates.
Enhanced reputation: Companies that demonstrate a commitment to EEOC compliance and promoting a diverse workforce are often viewed more positively by job seekers, customers, and other stakeholders. This can enhance your reputation as an employer of choice and help attract and retain top talent.
Reduced legal risks: While complying with EEOC regulations is a legal requirement, simply meeting the minimum requirements may not be enough to protect your company from legal challenges. By proactively addressing potential discrimination and harassment issues and promoting a diverse and inclusive workplace, you can reduce the risk of costly legal disputes.
Increased innovation and creativity: A more diverse workforce can bring a wider range of perspectives and ideas to the table, leading to increased innovation and creativity in problem-solving and decision-making.
Overall, by doing more than the minimum required to comply with EEOC laws and regulations, you can create a more positive and productive workplace environment while reducing legal risks and enhancing your company's reputation.
For a copyright to be created, it requires that the work must be Multiple Choice creative, original and fixed in a durable medium. derivative, original and fixed in a durable medium. creative, non-original and fixed in a durable medium. derivative, non-original and fixed in a durable medium.
works of authorship derivative, original and fixed in a durable medium. creative, non-original and fixed in a durable medium. derivative, non-original and fixed in a durable medium.
What is durable medium?
A firm is required by a number of EU regulatory regulations to give a client specific information in writing, either on paper or in another long-lasting medium. In accordance with specified requirements, several regulations also permit the use of websites that are not durable media. The definition of "durable medium" is included in the Handbook glossary to comply with EU legal standards. Firms responded to our Smarter Consumer Communications Discussion Paper (DP15/5) with comments on what might be considered a durable medium and the ambiguity surrounding whether businesses can use new innovative media, like videos and other technologies, to provide crucial information, like regulatory disclosure.
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works of authorship derivative, original and fixed in a durable medium. creative, non-original and fixed in a durable medium. derivative, non-original and fixed in a durable medium.
What is durable medium?
A firm is required by a number of EU regulatory regulations to give a client specific information in writing, either on paper or in another long-lasting medium. In accordance with specified requirements, several regulations also permit the use of websites that are not durable media. The definition of "durable medium" is included in the Handbook glossary to comply with EU legal standards. Firms responded to our Smarter Consumer Communications Discussion Paper (DP15/5) with comments on what might be considered a durable medium and the ambiguity surrounding whether businesses can use new innovative media, like videos and other technologies, to provide crucial information, like regulatory disclosure.
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true or false: research shows that every dollar spent on multisystemic family therapy saves taxpayers five dollars.
Research shows that every dollar spent on multisystemic family therapy saves five dollars this statement is true.
What Is a Taxpayer?Any person or company that must pay taxes to the federal, state, or municipal governments is considered a taxpayer. The majority of a government's income comes from taxes, both on citizens and on enterprises.
Who or what is a taxpayer, and why?The word "taxpayer" comes from a period when buildings were built at a low cost in densely inhabited areas so that property owners could reclaim their property taxes.
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Students will research using the internet what a typical day looks like for various types of workers (CEO, general and middle managers, custodians, etc.) in a business of their choice.
Students will develop a short presentation on their findings of how these different working groups are treated and respected and their responsibilities.
Be sure to relate it to the field of business and include requirements, if any, for the job.
The conclusion should include big takeaways from the student’s perspective of what they would change if they were in charge and how their perception has changed regarding the organization that they chose to research.
Answer:
For this presentation, I researched the typical day for various types of workers in a business and found interesting differences in how they are treated and respected in their respective positions.
First, let's look at CEOs. A typical day for a CEO can include attending board meetings, meeting with investors, setting company strategy, and representing the company in public events. CEOs are responsible for the overall success of the company and making important decisions that impact the entire organization. They are typically well-respected and compensated for their role.
Next, let's look at general and middle managers. These individuals are responsible for overseeing specific departments or teams within the organization. A typical day for a general or middle manager can include attending meetings with their team, reviewing performance metrics, and working with other managers to ensure the success of the organization. They are generally respected within their departments and have a good understanding of the day-to-day operations of the business.
Finally, let's look at custodians. A typical day for a custodian can include cleaning the office, restocking supplies, and ensuring the building is in good condition. While custodians may not have the same level of responsibility as CEOs or managers, they are still an important part of the organization and play a crucial role in maintaining a safe and clean work environment. Unfortunately, custodians are sometimes undervalued and may not receive the same level of respect as other positions in the organization.
In terms of job requirements, CEOs typically have extensive business experience and a strong track record of success. General and middle managers typically have a degree in business or a related field and experience in their specific industry. Custodians may not have any formal education requirements, but they should have good communication skills and be able to work independently.
In terms of big takeaways, it's clear that different positions within an organization require different levels of responsibility and expertise. However, it's important to remember that all positions are important and contribute to the overall success of the business. As a manager, I would strive to create a culture of respect and appreciation for all employees, regardless of their position. My perception of the importance of custodians has also changed, and I would ensure that they receive the respect and recognition they deserve for their important work.
Explanation:
10)
How might a mission statement help Donna with her new
business?
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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1 Which one of the following is not Which one of the key roles / purposes of marketing within
business?
A To identify potential customer groups
B To inform customers about the business's product or service
C To prepare cash flow forecasts
D To understand customers and their needs
Your answer
i
11. What does a bank use to make loans? *
12. What is an action by the Fed that would promote an expansionary policy?
13. What is an action by the Fed that would promote a contractionary policy
Explanation:
11.
Banks use depositors' money to make loans
12.
A central bank, such as the Federal Reserve in the U.S., will use expansionary monetary to strengthen an economy.
13.
Contractionary policies are macroeconomic tools designed to combat economic distortions caused by an overheating economy.
Cameron loves to own and be up-to-date on the latest technological gadgets available in the market. Among his friends, he is always the first to own the latest electronic gadgets. He loves trying out new products before others. Cameron most likely belongs to the ________ adopter group.
Cameron loves to own and be up-to-date on the latest technological gadgets available in the market. Among his friends, he is always the first to own the latest electronic gadgets. He loves trying out new products before others. Cameron belongs to the early adopter group.
What are adopter groups?Adopter group refers to the five identifiable sub-groups within a population that begins use of innovation, according to the sequence of their adoption of the service.
The term early adopter refers to an individual group that uses a new product, innovation, or technology before others.
An early adopter is likely to pay for the product more than later adopters but accepts this premium if using the product improves efficiency, reduces cost, increases market perforation, or raises the early adopter's social status.
As an early adopter, Cameron will purchase a product that is adopted by only a small portion of the population since most people are usually skeptical to buy the item initially until they are certain of its authenticity.
Early adopters may enjoy a period of prestige by being the first to own a new form of technology, and companies rely on early adopters to provide feedback about product deficiencies.
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allowances, cooperative advertising, and the training of distributor's salesforces are types of oriented sales promotions. (true or false)
The statement "allowances, cooperative advertising, and the training of distributor's salesforces are types of oriented sales promotions" is TRUE.
What is sales promotion? A sales promotion is a marketing strategy used by firms to boost short-term sales. Advertising, personal selling, public relations, and direct marketing are all communication tools that marketers employ to achieve their marketing objectives. A sales promotion, on the other hand, includes incentives or other promotional tactics that are intended to stimulate a customer to make a purchase immediately.
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Chef’s apron gas money food movies
Culinary knives car insurance electric bill dining out
Which label belongs over column D
Answer:I believe the answer is D. "want"
Explanation:
Answer:
cost
Explanation:
One advantage of using the ______ channel over the ______ channel is the much higher probability of having a deeper assortment of merchandise available.
The internet is also used in marketing product and services. One advantage of using the Internet channel over the retail channel is the much higher probability of having a deeper assortment of merchandise available.
Digital marketing is simply an alternative name for internet marketing that covers all types of online marketing. It comprises of video marketing, email marketing, content marketing, social media marketing etc.
Some common type of internet marketing are Social media marketing. Influencer marketing. Affiliate marketing. Email marketing. Content marketing.
The purpose of online marketing is mainly to increase website traffic to the product site. Online marketers often uses new and innovative ways to come up with strategies to promote their individual sites.
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what is included in a business plan
Answer:
There is no specific answer
Explanation:
Every business has different plans based on what they do.
A business plan is separate from an individual plan. Business plans can also include tools that the other plans don't have.
Veronica was hosting a party for her pals but forgot to warn them that the far end of her deck had rotted and
was in drastic need of repair. Her friend Craig decided to admire the city skyline from the far end of her deck
and headed that way. The other guests heard a loud exclamation as Craig fell through the deck. Veronica is
liable to Craig under
fraud
O strict liability
battery
O negligence
Answer:
strict liability
Explanation:
just took the test
In a balance sheet, which component is a long-term liability?
In a portion of the balance sheet that may include debentures, loans, deferred tax liabilities, and pension obligations, long-term liabilities are mentioned after more current liabilities.
What is a balance sheet?A balance sheet is a summary of the financial positions of a person or an organization in financial accounting, regardless of whether they are a sole proprietorship, a business partnership, a corporation, a private limited company, or another type of organization like the government or a not-for-profit entity.
Therefore, Long-term liabilities are listed after more current liabilities in a section of the balance sheet that may include debentures, loans, deferred tax liabilities, and pension commitments.
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A business that buys goods from producers and sells them to retailers is callled:_________
When given one variable value, the value of other variables can be easily estimated. This applies to which type of graph? a. Line c. Scale b. Bar d. Both A and B Please select the best answer from the choices provided A B C D
Answer: A. Line!
Explanation: On Edge!!
Which function is used to inform, persuade, and remind potential
customers of a product or service?
Answer:
Promotional strategy
Explanation:
Promotion aims to stimulate demand for a company's goods or services. Promotional strategy is designed to inform, persuade, or remind target audiences about those products.
hope this helpsss<3
:)
will give brainliest if correct (repost)
Answer:
decrease in demanded
Explanation:
the green one is the answer
Answer:
The other person is correct
Explanation:
have a great rest of your day :)
what is one major negative affect of globalization?
Answer:
The Negative Effects of Globalization on the Environment the massive development of transport that has been the basis of globalization is also responsible for serious environmental problems such as greenhouse gas emissions, global warming pollution.
Negative impacts of globalisation
Globalisation operates mostly in the interests of the richest countries, which continue to dominate world trade at the expense of developing countries. The role of LEDCs in the world market is mostly to provide the North and West with cheap labour and raw materials.
There are no guarantees that the wealth from inward investment will benefit the local community. Often, profits are sent back to the MEDC where the TNC is based. Transnational companies, with their massive economies of scale, may drive local companies out of business. If it becomes cheaper to operate in another country, the TNC might close down the factory and make local people redundant.
An absence of strictly enforced international laws means that TNCs may operate in LEDCs in a way that would not be allowed in an MEDC. They may pollute the environment, run risks with safety or impose poor working conditions and low wages on local workers.
Globalisation is viewed by many as a threat to the world's cultural diversity. It is feared it might drown out local economies, traditions and languages and simply re-cast the whole world in the mould of the capitalist North and West. An example of this is that a Hollywood film is far more likely to be successful worldwide than one made in India or China, which also have thriving film industries.
Industry may begin to thrive in LEDCs at the expense of jobs in manufacturing in the UK and other MEDCs, especially in textiles.
Anti-globalisation campaigners sometimes try to draw people's attention to these points by demonstrating against the World Trade Organisation. The World Trade Organisation is an inter-government organisation that promotes the free flow of trade around the world.
Globalization seems to be looked on as an unmitigated “good” by economists. Unfortunately, economists seem to be guided by their badly flawed models; they miss real-world problems. In particular, they miss the point that the world is finite. We don’t have infinite resources, or unlimited ability to handle excess pollution. So we are setting up a “solution” that is at best temporary.
Economists also tend to look at results too narrowly–from the point of view of a business that can expand, or a worker who has plenty of money, even though these users are not typical. In real life, businesses are facing increased competition, and the worker may be laid off because of greater competition.
The following is a list of reasons why globalization is not living up to what was promised, and is, in fact, a very major problem.
2. Globalization increases world carbon dioxide emissions.
3. Globalization makes it virtually impossible.
5. Globalization transfers consumption of limited oil supply from developed countries to developing countries. If world oil supply isn’t growing by very much, and demand is growing rapidly in developing countries, oil to meet this rising demand must come from somewhere. The way this transfer takes place is through the mechanism of high oil prices.
7. Globalization transfers investment spending from developed countries to less developed countries. If an investor has a chance to choose between a country with a competitive advantage and a country with a competitive disadvantage, which will the investor choose? A shift in investment shouldn’t be too surprising.
I hope you got it! Hope this help you!:)
Explanation:
The major negative effect of globalization is companies burn more fossil fuels to ship goods overseas.
The concept of "globalization" describes the growing interdependence of the economies, cultures, and people of many nations as a result of technical breakthroughs, cross-border trade in products and services, and global flows of capital, people, and information.
A rise in wealth inequality and unfavorable working conditions in less developed nations that export goods to more developed nations are just two examples of the negative social effects that globalization may have.
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an investment will pay you $44,000 in 11 years. if the appropriate discount rate is 7.1 percent compounded daily, what is the present value? (use 365 days a year. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The present value for the investment can be calculated through the discount rate and it is found to be $15,058.62.
What is the present value of investment?To calculate the present value of an investment that will pay $44,000 in 11 years with an appropriate discount rate of 7.1 percent compounded daily, the following formula can be used:
PV = FV / (1 + r/n)^(nt)
where, FV is the future value of the investment, r is the discount rate, n is the number of times the interest is compounded in a year, and t is the total number of years.
To solve this problem, we can substitute the given values in the formula as follows:
PV = $44,000 / (1 + 0.071 / 365)^(365 × 11)
PV = $44,000 / (1.000194)^4,015.00
PV = $15,058.62
Therefore, the present value of the investment is $15,058.62.
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What would happen in the market for loanable funds if the government were to decrease the tax on interest income for savers? Group of answer choices Interest rate would be unaffected The effect on the interest rate is uncertain Interest rates would fall Interest rates would rise
Answer:
The interest rate would be unaffected.
Explanation:
Option A, “Interest rate would be unaffected” is correct because, in a market for loanable funds, the government has decreased the tax rate on the amount of interest. At the same time, this will increase the interest-earning of consumers however the interest rate on the money will be unaffected. The intervention made by the government resulted in an increase in interest-earning. Moreover, a reduction in the tax rate will induce people to save more in order to earn more interest.
PLEASE ive been asking for days i need help with this i don't understand it
you can ignore #5-- i just don't understand #6
Answer:
$47
Explanation:
Because she can afford the 144 bushel plan, in the long run it is cheaper per bushel so you would choose to market that one to her because it is cheaper in the long run for as well as she grows more bushels.
What are 3 areas of money management that confuse you?.
The 3 areas of money management that confuse the most is Confusing Profit With Cash, Failing to Manage Cash Flow and Spending Too Much Too Soon.
What is Money management?Money management refers to a conscious attempt to track expenses, investing, budgeting, banking and assessment tax liabilities
Some area of money management that confuse people in general includes:
Spending Too Much Too SoonOverestimating Future SalesFailing to Manage Cash FlowNot Analyzing PricesMixing Personal and Business FinancesConfusing Profit With CashHowever, the 3 areas of money management that confuse the most is Confusing Profit With Cash, Failing to Manage Cash Flow and Spending Too Much Too Soon.
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