The Phoenix Suns decide to increase their ticket prices for next season. We might expect revenue will rise due to the higher prices revenues might fall, given that basketball is a luxury revenues will rise, given that Phoenix is a large city revenues will fall, given that the Suns operate a monopoly.

Answers

Answer 1

We might expect revenue will rise given that Phoenix is a large city.

What is a revenue?

This refers to the income generated from normal business operations which are calculated by average sales price * the number of units sold

Because Phoenix Suns decide to increase their ticket prices for next season, then, we might expect revenue will rise given that Phoenix is a large city.

Therefore, the Option B is correct.

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Related Questions

plants are in threatened state and getting rare. Discuss in the class and prepare a list of causes of rareness of animals and plants. 5.3.1 Rare Animals​

Answers

A group of creatures that are extremely rare, scarce, or infrequently encountered is referred to as a rare species.

Even though extinctions happen naturally, the pace of plant and animal extinctions today is substantially higher than it was previously. The main factor contributing to greater extinction rates is habitat loss.

The introduction of harmful nonnative species, pollution, disease transmission, and habitat changes are some additional causes. Overexploitation of wildlife for commercial gain is another. Species that are in risk of going extinct include those plants and animals that have become so scarce.

Animals and plants that are threatened with extinction across all or a sizable portion of their range are those that are very likely to do so in the near future. The most species are in danger from overuse of natural resources, such as overfishing, overhunting, and deforestation of forests. The extension of land for agriculture, cattle, wood, and aquaculture is another significant industry in the world.

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Given the true/false statements are true (facts), select the best logical induction made from those statements:
Betsy likes oranges. Jose does not like oranges. Benjamin likes oranges.
a. People only like oranges
b. People like apples and oranges
c. People like all fruit
d. People do and do not like oranges

Answers

The best logical induction that can be made is d. People do and do not like oranges.

What is logical induction?

This refers to making a generalization about a population based on individual pieces of information about the population's members.

Betsy and Benjamin like oranges but Jose does not. This means that people can either like or dislike oranges.

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Piels Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the production of 10,000 units of this part are as follows:
Direct materials $ 90,000
Direct labor 130,000
Variable factory overhead 60,000
Fixed factory overhead 140,000
Total costs $420,000
Of the fixed factory overhead costs, $60,000 is avoidable. Conners Company has offered to sell 10,000 units of the same part to Piels Corporation for $36 per unit.
Required:
1. Assuming there is no other use for the facilities, Piels should ___________.

Answers

Answer:

It is cheaper to produce

Explanation:

Cost of producing

Direct materials - 90000

Direct labor - 130000

Variable factory overhead - 60000

Fixed factory overhead - 60000

Total cost - 340000

Cost of buying `10000*36 = 360000

Incremental cost of buying = 360000-340000 = $20,000

It is cheaper to produce at 340000/10000 = $34 /unit

In making a decision whether to buy or manufacture , variable cost and the  avoidable costs are considered relevant for this purpose

g Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.50 million and create incremental cash flows of $460,239.00 each year for the next five years. The cost of capital is 11.43%. What is the internal rate of return for the J-Mix 2000?

Answers

Answer:

16.2%

Explanation:

using an excel spreadsheet or financial calculator, you can determine the internal rate of return (IRR) of the project:

initial outlay = -$1,500,000

NCF years 1 - 5 = $460,239

IRR = 16.20%

the internal rate of return of a project is the discount rate at which the project's NPV = 0. If you discount the five cash flows using 16.20%, then the present value = $1,500,000 which is equal to the initial outlay.

how does a persons work experience affect their pay wage?

Answers

Answer:

Up to a certain point, more experience typically translates into higher income. Similar to the last example, if the job requires someone with 10 years of expertise in a specific field and you don't satisfy those qualifications, you can find yourself working at the lower end of the wage scale.

Explanation:

5. Which of the following describes a business want?
a higher ROMI
increased profits
a new advertising campaign
decreased expenses

Answers

Answer:

so its increased profits

Identify Ten (10) Differences that exist Between
Personal consumers and organisational Consumers.

Answers

Explanation:

Consumers buy products for their own use, while businesses buy goods to use in their continuing activities and resell to consumers. Customers appetite and the need for manufacturing supplies force organizations to buy products in greater quantities than people.

How important are structure and culture compared to the other primary internal considerations for a strategic plan?

Answers

Structure and culture are among the primary internal considerations for a strategic plan. The importance of structure and culture cannot be undermined, as they both play an important role in the success of a company's strategic plan. Although there are other factors that may contribute to the success of a strategic plan, structure and culture are vital. They can be used to leverage the strengths of an organization to achieve its goals.

Structure refers to how an organization is organized and the interrelationships between different departments. A company's structure determines how information flows within the organization, and how employees interact with one another.

An effective structure enables employees to work together efficiently, leading to a higher level of productivity.

Culture refers to the set of values, beliefs, and attitudes that guide the behavior of an organization's members. A positive culture promotes employee engagement, which is essential for achieving an organization's goals.

A company's culture can influence how it deals with problems, how employees communicate with each other, and how they make decisions, among other things.

In conclusion, structure and culture are essential components of an organization's strategic plan.

By investing in a positive culture and a well-defined structure, companies can increase employee engagement, productivity, and ultimately, achieve their goals.

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You are considering two savings options. Both options offer a rate of return of 8.3 percent. The first option is to save $1,500, $1,250, and $6,400 at the end of each year for the next three years, respectively. The other option is to save one lump sum amount today. You want to have the same balance in your savings account at the end of the three years, regardless of the savings method you select. If you select the lump sum method, how much do you need to save today?

Answers

If you select the lump sum method, the amount you need to save today is $7,409.20.

How much should you save today?

In order to determine the amount you need to save today in order to have the same value in the future as the 3-year annuity, the present value of the annuity has to be determined.

The present value of the cash flows can be determined by discounting each of the cash flows at the rate of return and adding the discounted cash flows together.

Present value = 1500 / (1.083) + $1250 / (1.083²) + $6400 / (1.083³) =

1385.04 + 1065.74 + 5,038.42 = $7,409.20

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The price for predictability is often

Answers

Answer: The price for predictability is often long-term boredom.

________ plans are very short-term plans that specify what actions individuals, work groups, or departments need to accomplish in a month, a week, or even a day.

Answers

Answer:

Operational

Explanation:

Operational is the answer

Operational Plans

Answer

A firm has some material which originally costs $ 49000.It has a scrap value of $12500,but ,if re-worked at a cost of $7500,it could be sold for $ 17500.There is no forseen use for the material .What is the relevant cost of using the material for the special job?

Answers

The relevant cost of using the material for the special job is $24,000.

What is relevant cost of using the material?

Relevant cost describes avoidable costs that are incurred only when making specific business decisions.

To determine its for the special job, we need to consider the different options available for the material. Since there is no foreseeable use for the material, we need to either sell it as scrap or rework it and sell it.

If we sell it as scrap, we would receive $12,500.If we rework it at a cost of $7,500 and sell it, we would receive $17,500.

Therefore, the relevant cost of using the material for the special job will be:

= ($7,500 + $17,500 - $12,500)

= $24,000

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Business forms that have unlimited personal liability include

Answers

Answer:

sole proprietorship and partnership

Explanation:

They both have unlimited personal liability

PLC Ltd. found the following debts to be bad on the dates shown

Answers

The acronym PLC, which stands for a public limited company, indicates that the firm's shares are publicly traded. It is the British equivalent of "Inc." in the United States.

What is PLC?

In the United Kingdom, a public limited company (PLC) is a type of public business. PLC is the counterpart of a publicly listed firm in the United States that uses the Inc. or corporation classification. The inclusion of the PLC acronym following a business's name is required, and it informs investors and anybody interacting with the firm that it is a publicly listed corporation. PLC, which stands for a public limited company, is an acronym for public corporations in the United Kingdom.

PLCs make up the majority of the firms listed on the London Stock Exchange. A PLC shares can be purchased by any regular investor. Unlike privately held companies, public companies are required to publish financial data and disclosures to the public on a regular basis.

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What could be driving the tremendous growth in Salesforce.com’s stock price and revenue? Why do you think investors put such a high premium on Salesforce.com’s stock?
please help by tn!

Answers

Salesforce.com tremendous growth in stock price and revenue are because of its Popular services like creating and tracking marketing campaigns.

Keeping track of customer issues based on their escalation and resolution levels, visual dashboards and extensive reporting features.

Salesforce has a very high premium on its  stock because it tends to use much of its revenue to expand marketing and R&D spending. The goal is to grow as much as possible and neglect profit for the time being.

Straightforward definition of revenue?

The amount of money coming into the business, also known as revenue or income, is often done via the sale of goods, services, or other things.

Revenue imply in the context of business?

The simplest definition of revenue is the entire amount of money that a business makes from its activities over a predetermined period of time. Revenue for a company is its gross income before deducting any costs. Revenue is determined by profits and total earnings.

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how might the use of a stakeholder management tool like the power interest grid or the stakeholder assessment matrix differ by methodology chosen?​

Answers

Depending on the chosen technique, the process for using a stakeholder management tool, such as the Power Interest Grid or Stakeholder Assessment Matrix, can vary.

According to their power (influence) and interest (degree of involvement) in a project or organization, stakeholders are evaluated using the Power Interest Grid.

On a matrix with four quadrants, stakeholders are represented as high power, high interest, high power, low interest, low power, low interest, and low power, low interest.

A project's or organization's stakeholders are rated according to their level of influence and impact by the Stakeholder Assessment Matrix.

It is crucial to select a methodology that fits the particular requirements of the project or organization, taking into account the level of analysis that will be needed, the data that is at hand, and the intended results.

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Question 11 of 40
Why might a marketer remove a product from the product mix?
A. Because it has high sales
B. Because it isn't selling
C. Because it is a consumer favorite
D. Because it's been on the market for more than two years

need asap

Answers

Answer:

B.because it isnt selling

A circumstance where a producer discontinues selling a specific product permanently: To make room for new things, product deletion of slow-moving items is recommended. Compare with product recall. Hence option B is correct.

What is Product deletion ?

Expanding the product mix can be done in two ways: by adding new brands or variations of already-existing brands to the product line; or by adding more product lines overall.

Brands eliminate products that don't meet marketing plans or show a poor market outlook in addition to those with low sales and profits. Industry-specific product failure rates range from 75% to 90% for newly packaged items, according to estimates.

When a product is not in the right place on the market and If a product is not profitable enough, all the resources required to create it are wasted and could have been utilized to create another product or improve an already existing one. This necessitates product erasure.

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Despite potential benefits the disadvantages of a matrix structure include which of the following

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There are different disadvantage of a matrix organizational structure. Despite potential benefits, the disadvantages of a matrix structure is that;

There seems to be a potential for interpersonal conflict with team members and also with the leaders.

A matrix organizational structure

A matrix organizational structure is known to be a type of struct that allows a lot of departments to quickly communicate and work together on a project.

A disadvantage of a this organizational structure is that its members of a specific project team in this matrix organization structure often have a two reporting relationship, which can lead to anxiety and conflict over work set up.

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A large food chain of health foods stores, sells its common stock at a par value of $20, and the offering price is $10. This means that the capital in excess of a par is

Answers

12 I think is the answer it has jus been answered in my test

A form of corporate equity ownership and a kind of security is common stock. Outside of the United States, the words voting share and ordinary share are widely used. In the UK and other Commonwealth nations, they are referred to as equity shares or ordinary shares.  Hence Capital in Excess pf a par is $ 10. ($20-$10)

What is common Stock ?

This kind of share entitles the bearer to a portion of the company's income as well as voting rights regarding corporate policy and the make-up of the board of directors.

Any specific corporate assets do not belong to common stockholders; instead, they are  owned equally by all shareholders. In the event that a corporation issues both ordinary and preference shares, the preference owners will be paid dividends first.

In the any monies remaining after bondholders, creditors (including employees), and preference shareholders have been paid are distributed to regular shareholders. The typical outcome of a bankruptcy-based liquidation is that the ordinary shareholders receive nothing.

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You need to choose between making a public offering and arranging a private placement. In each case, the issue involves $10.5 million face value of 10-year debt. You have the following data for each: A public issue: The interest rate on the debt would be 8.75%, and the debt would be issued at face value. The underwriting spread would be 1.55%, and other expenses would be $85,000. A private placement: The interest rate on the private placement would be 9.5%, but the total issuing expenses would be only $35,000.

Required:
a. Calculate the net proceeds from public issue.
b. Calculate the net proceeds from private placement.
c. Calculate the PV of the extra interest on the private placement.
d. Other things being equal, which is the better deal?

Answers

a. The calculation of the net proceeds from the public issue is $10,252,250.

b. The calculation of the net proceeds from the private placement is $10,465,000.

c. c. The present value (PV) of the extra interest of $787,500 on the private placement is $755,966.89, calculated as follows using an online finance calculator:

N (# of periods) = 10 years

I/Y (Interest per year) = 0.75% (9.5% - 8.75%)

PMT (Periodic Payment) = $78,750 ($10.5 million x 0.75%)

FV (Future Value) = $0

Results:

PV = $755,966.89

Sum of all periodic payments = $787,500.00

d. All things being equal, the better deal appears to be the public issue of the debt.

How is a public issue different from a private placement?

A public issuance of shares involves an initial public offering by placing the shares in the stock market so that investors can purchase shares.  A private placement pre-selects the investors who will purchase the shares as the offering is not made public.

Data and Calculations:

Public Issuance:

Face value of debt = $10.5 million

Maturity period = 10 years

Interest rate - 8.75%

Underwriting cost = $162,750 ($10.5 million x 1.55%)

Other expenses = $85,000

Total costs = $247,750

Net proceeds = $10,252,250 ($10.5 million - $247,750)

Private placement:

Face value = $10.5 million

Maturity period = 10 years

Interest rate = 9.5%

Total issuing expenses = $35,000

Net proceeds = $10,465,000 ($10.5 million - $35,000)

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On January 1, Sheridan Company had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the year, the following occurred.

Apr. 1 Issued 23,000 additional shares of common stock for $17 per share.
June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30.
July 10 Paid the $1 cash dividend.
Dec. 1 Issued 1,500 additional shares of common stock for $19 per share.
15 Declared a cash dividend on outstanding shares of $2.90 per share to stockholders of record on December 31.

Required:
Prepare the entries to record these transactions.

Answers

Answer:

Sheridan Company

Journal Entries:

Apr. 1: Debit Cash $391,000

Credit Common stock $138,000

Credit Additional Paid-in Capital $253,000

To record the issue of 23,000 additional shares for $17 per share.

June 15: Debit Retained Earnings $120,500

Credit Dividends Payable $120,500

To record the declaration of cash dividend of $1 per share (120,500 shares).

July 10: Debit Dividends Payable $120,500

Credit Cash $120,500

To record the payment of dividends.

Dec. 1: Debit Cash $28,500

Credit Common stock $9,000

Credit Additional Paid-in Capital $19,500

To record the issue of 1,500 shares for $19 per share.

Dec. 12: Debit Retained Earnings $353,800

Credit Dividends Payable $353,800

To record the declaration of $2.90 per share dividends to 122,000 shares

Explanation:

a) Data and Analysis:

Outstanding common stock = 97,500 shares

Stated value per share = $6

Apr. 1 Cash $391,000 Common stock $138,000 Additional Paid-in Capital $253,000, 23,000 additional shares for $17 per share.

June 15: Retained Earnings $120,500 Dividends Payable $120,500 (97,500 + 23,000)

July 10: Dividends Payable $120,500 Cash $120,500

Dec. 1: Cash $28,500 Common stock $9,000 Additional Paid-in Capital $19,500

Dec. 12: Retained Earnings $353,800 Dividends Payable $353,800 (122,000 at $2.90 per share, i.e. 120,500 + 1,500 shares)

A producer with only one product has total fixed costs of $15,000 per month. In addition, it cost the producer $100 in variable costs to produce each unit of her product (raw materials and direct labor cost). The producer charges her wholesalers $125 per unit.

a. How many units of the product does the producer have to sell each month in order to break even?
b. The producer has set a target profit of $3,500 per month for this product. How many units must be sold to break even and achieve the $3,500 per month?

Answers

In order to break even, 600 units should be sold.

Also, 740 units have to be sold to break even and achieve the $3,500 per month.

A. First and foremost, we have to calculate the contribution margin per unit and this will be:

= Revenues per unit - Variable costs per unit

= $125 - $100

= $25

Therefore, the break-even units will be:

= Fixed costs / Contribution margin per unit

= $15,000 / $25

= 600 units

Therefore, 600 units have to be sold to breakeven.

B. The units to be sold to attain the target profit will be:

= (Fixed costs + Target profit) / Contribution margin per unit

= ($15,000 + $3,500) / $25

= 740 units

Therefore, 740 units have to be sold.

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Sussman Co. prepared cash-basis financial statements for the month ended January 31. A summary of Sussman's January activities follows:Credit sales of $5,600.Collections of $1,900 relating to January credit sales.Accrued salaries of $1,200.By what amount will Sussman's cash-basis income for the month ended January 31 increase as a result of restating these activities to the accrual basis of accounting?A.$2,500B.$3,700C.$4,400D.$4,900

Answers

Sussman's cash-basis income for the month ended January 31 would increase by $4,900. The accrual basis of accounting records revenues when they are earned and expenses when they are incurred, regardless of when cash is received or paid out.

In this case, Sussman Co. made $5,600 in credit sales during January. However, they only collected $1,900 in cash from those sales. Under the cash basis of accounting, they would only record $1,900 in revenue. But under the accrual basis of accounting, they would record the full $5,600 in revenue because they earned it in January, regardless of when they collect the cash. Additionally, Sussman Co. incurred an expense for $1,200 in accrued salaries. But under the cash basis of accounting, they would not record this expense until they actually pay the salaries in cash. However, under the accrual basis of accounting, they would record the $1,200 expense in January because they incurred it even though they haven't paid in cash yet.

Therefore, by restating these activities to the accrual basis of accounting,

Sussman's cash-basis income is

$5,600 in credit sales - $1,200 in accrued salaries = $4,900

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Outline and describe the different forms of Communication and further explain how they are important in an organization. Provide practical example to support your discussion.​

Answers

La comunicación desempeña un papel fundamental en el funcionamiento de una organización, ya que permite la transmisión de información, ideas, instrucciones y retroalimentación entre los miembros del equipo. Existen varias formas de comunicación que se utilizan en un entorno organizacional. A continuación, describiré algunas de las formas más comunes:

Comunicación verbal: Es el uso de palabras habladas para transmitir información. Puede ser en forma de reuniones, conversaciones cara a cara, llamadas telefónicas o videoconferencias. La comunicación verbal es rápida y permite una interacción directa entre las personas, lo que facilita la clarificación de dudas y la resolución de problemas en tiempo real. Por ejemplo, durante una reunión de equipo, los miembros pueden discutir ideas, compartir actualizaciones y tomar decisiones conjuntas.

Comunicación escrita: Implica el uso de palabras escritas para transmitir información. Esto incluye correos electrónicos, mensajes de texto, informes, memorandos y documentos formales. La comunicación escrita es útil cuando se requiere un registro permanente de la información y proporciona la oportunidad de revisar y editar antes de enviar el mensaje. Por ejemplo, un gerente puede enviar un correo electrónico detallando las metas y objetivos del proyecto a su equipo para asegurarse de que todos estén al tanto de las expectativas.

Comunicación no verbal: Se refiere a la transmisión de información sin el uso de palabras. Incluye gestos, expresiones faciales, lenguaje corporal y tono de voz. A menudo, la comunicación no verbal puede transmitir emociones y actitudes que pueden complementar o contradecir el mensaje verbal. Por ejemplo, durante una presentación, el lenguaje corporal de un orador puede transmitir confianza y entusiasmo, lo que refuerza su mensaje.

Comunicación formal: Se lleva a cabo a través de canales oficiales y estructurados dentro de la organización. Esto incluye comunicaciones descendentes, como anuncios y políticas de la gerencia hacia los empleados, así como comunicaciones ascendentes, como informes de estado y retroalimentación de los empleados hacia los superiores. La comunicación formal es importante para establecer líneas claras de autoridad y responsabilidad, así como para garantizar la coherencia en la información transmitida.

Comunicación informal: Se produce a través de interacciones sociales no estructuradas entre los miembros de la organización. Esto puede incluir conversaciones informales en el lugar de trabajo, interacciones en las pausas para el café o discusiones en grupos de chat en línea. La comunicación informal es valiosa para fomentar la camaradería, construir relaciones y facilitar el intercambio de ideas no convencionales. Por ejemplo, en un entorno de trabajo abierto, los empleados pueden compartir ideas innovadoras durante una conversación informal en la sala de descanso.

La importancia de estas formas de comunicación en una organización radica en que permiten la colaboración efectiva, la toma de decisiones informada, la resolución de problemas, la coordinación de tareas y la creación de un ambiente de trabajo positivo. Una comunicación clara y efectiva evita malentendidos, reduce los errores, mejora la productividad y fortalece la cohesión del equipo.

Un ejemplo práctico podría ser una empresa de desarrollo de software. En este caso, la comunicación verbal sería esencial para que los miembros del equipo discutan los requisitos del proyecto, compartan actualizaciones diarias y resuelvan problemas en las reuniones diarias de puesta al día (stand-up meetings). La comunicación escrita sería crucial para documentar los requisitos, especificaciones técnicas y cronogramas del proyecto, así como para enviar correos electrónicos y mensajes de chat con actualizaciones y solicitudes de retroalimentación. La comunicación no verbal también tendría un papel importante, ya que el lenguaje corporal y las expresiones faciales en las reuniones ayudarían a transmitir confianza y apoyo entre los miembros del equipo. En cuanto a la comunicación formal, se utilizarían informes de estado y presentaciones formales para mantener a la alta dirección informada sobre el progreso del proyecto. Por último, la comunicación informal se daría en momentos de descanso, donde los empleados podrían discutir ideas, plantear desafíos y fomentar la creatividad en un ambiente más relajado

Answer:

There are several different forms of communication that are important in an organization. These include:

1. Verbal communication: This is the use of spoken words to convey a message. Verbal communication is important in an organization because it allows employees to communicate with each other and with customers. For example, a salesperson might use verbal communication to explain the features of a product to a customer. Another example is a team meeting where employees discuss project updates and share ideas.

2. Nonverbal communication: This is the use of body language, gestures, and facial expressions to convey a message. Nonverbal communication is important in an organization because it can convey emotions, attitudes, and intentions. For example, a manager might use nonverbal communication to show approval or disapproval of an employee's performance. Another example is a job interview where the interviewer might use nonverbal communication to assess the candidate's confidence and professionalism.

3. Written communication: This is the use of written words to convey a message. Written communication is important in an organization because it provides a permanent record of communication. For example, an email can be used to communicate project updates, deadlines, and other important information. Another example is a report that summarizes the results of a project.

4. Visual communication: This is the use of images, graphs, and other visual aids to convey a message. Visual communication is important in an organization because it can help to simplify complex information and make it easier to understand. For example, a chart can be used to show sales trends over time. Another example is a video that demonstrates how to use a product.

All of these forms of communication are important in an organization because they allow employees to share information, ideas, and feedback. Effective communication can also help to build trust and relationships between employees, customers, and partners. For example, if a customer has a positive experience with a salesperson, they are more likely to return to the organization in the future.

A practical example of the importance of communication in an organization is a team project. Effective communication is essential for the success of the project. Team members need to be able to communicate their ideas, concerns, and progress to each other in order to stay on track and meet deadlines. This might involve verbal communication in team meetings, written communication in project reports, and visual communication in presentations. Without effective communication, the project is likely to fail.

Q: Is there an emergency dentist available in Wednesbury?

Answers

Yes, there is an emergency dentist available in Wednesbury.

Where is Wednesbury?

Wednesbury is a town located in the West Midlands county of England, United Kingdom. It is situated approximately 9 miles east of Wolverhampton and 4 miles northwest of Birmingham.

Wednesbury is part of the metropolitan borough of Sandwell and is surrounded by other towns such as Walsall, West Bromwich, and Tipton.

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A source document should always do which of the following?

A. Be printed on paper
B. Record the date of the transaction
C. Bear an authorized
D. Include a number that can be used for recording

Answers

Answer:

Record the date of transaction

Explanation:

h
Module Four Quiz
PRICE
QUANTITY
Bi
Demand
For any level of output above Qg, a buyer values a unit of goods in this market
Suppose now that a firm that produces for this market is able to emit particulate matter into the air surrounding its production facility, harming wildlife
and negatively affecting the breathing of nearby residents. This is an example of
due to
the unit will cost a seller.
0x
3:57 PM
11/19/2022
16
Q

Answers

Externality; market failure is the example here.

What is the case here?

A situation in which a cost or benefit generated by one person is experienced by or received by a third party is known as an externality.

In this case, pollution brought on by the dumping of chemicals into the river is affecting nearby residents and the local fauna. The costs incurred by the citizens are a result of the firm's operations. An illustration of a negative externality is this.

The price of the company's goods does not include the expense borne by the residents. This is an illustration of a failed market.

Thus, Externality; market failure.

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Oakdale Fashions, Inc.’s, 2021 income statement is reported below. (Use corporate tax rate of 21 percent for your calculations.)

Oakdale Fashions, Inc.s, 2021 income statement is reported below. (Use corporate tax rate of 21 percent

Answers

a) The firm's 2021 tax liability was $35,595.

b) The firm's 2021 net income was $133,905.

c) The firm's 2021 average tax rate was 21%.

d) The firm's 2021 marginal tax rate was 21%, same as the average tax rate because companies are subject to a flat federal tax rate of 21%.

What is the tax liability?

The tax liability of a firm is the product of the average tax rate and the earnings before tax.

The net income is the difference between the earnings before tax and the tax liability.

Oakdale Fashions, Inc., Income Statement for 2021

Net sales (all credit)                                      $640,000

Less: Cost of goods sold                               245,000

Gross profits                                                 $395,000

Less: Other operating expenses                   120,000

EBITDA                                                         $275,000

Less: Depreciation and amortization              18,000

EBIT                                                              $257,000

Less: Interest                                                    87,500

EBT                                                               $169,500

Less: Taxes                                                   $35,595 ($169,500 x 21%)

Net income                                                  $133,905 ($169,500 - $35,595)

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Which of the following are the responsibilities of middle-level managers? (Choose every correct answer.)

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To supervise workers over their day-to-day tasks. generally, middle- position directors are responsible for overseeing their brigades and workers to help a company negotiate its pretensions through design and platoon operation. They will apply programs and objects, and manage prospects with elderly- position operation.

What are the responsibilities of middle-level managers?

Middle superintendences part is substantial and critical to the overall health of the association! Unfortunately, middle operation is overlooked, more frequently than not, as they're micromanaged or not allowed the capability to make opinions that lead to failures or successes. Middle directors MUST be grown, trained, chops developed, ideas allowed and trusted. Middle directors MUST be viewed as the unborn leaders of your association! Organic growth from within, and people moving through the species of the company, is the healthiest way to develop a culture from within.

Middle directors are assigned with running their departments, or divisions, and to execute the plays handed down from upper/ elderly position directors they make the business work daily. They're closest to thrills on the ground and their views, opinions, and fancies need to be taken seriously and openly by elderly leaders. Only by having a strong, stable and visionary middle operation platoon, can you look at the overall company as one which will achieve greatness.

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STEP 5 Use practical examples from BRICK 'n TILE to differentiate between short and long-run costs. (10) TOTAL: [50]​

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BRICK 'n TILE, a hypothetical company, can differentiate between short-run and long-run costs by considering examples such as immediate production costs (short-run) and investment in new production facilities (long-run).

Short-run costs refer to expenses that a company incurs in the immediate period, where some factors of production are fixed and cannot be easily adjusted. In the case of BRICK 'n TILE, short-run costs could include the costs of raw materials, labor, utilities, and maintenance for their existing production facilities. These costs are essential for the day-to-day operations and can be directly linked to the current level of production.

On the other hand, long-run costs encompass expenses that can be adjusted in the long term to adapt to changes in production levels and scale. For BRICK 'n TILE, an example of a long-run cost would be the investment in new production facilities or equipment. If the company decides to expand its operations or increase its capacity, they may need to construct a new manufacturing plant or purchase advanced machinery. These costs are incurred over an extended period and are associated with strategic decisions that affect the company's production capabilities in the long run.

Differentiating between short-run and long-run costs is crucial for effective financial planning and decision-making. Short-run costs help determine the immediate profitability of the company's operations, while long-run costs factor in the potential growth and expansion strategies. Understanding the distinction between these cost categories allows BRICK 'n TILE to make informed decisions regarding short-term production levels and long-term investment in infrastructure and technology.

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