Using APA format, provide at least two citations with corresponding references, page number and use appropriate in-text citation (s) for your post. ONLY RESPOND TO THE TOPIC CREATED BY THE LECTURER, DO NOT CREATE YOUR OWN TOPIC. FAILURE TO FOLLOW INSTRUCTIONS WILL RESULT IN NO GRADE Initial post length: maximum 200 words 1. Explain to the management team why absorption costing would be the preferred method for reporting to external stakeholders.
Answers
Absorption costing is a cost accounting method that assigns all overhead costs to the manufactured product. It includes both fixed and variable expenses, such as direct materials and direct labor, to produce a complete product.
Absorption costing is a cost accounting method that assigns all overhead costs to the manufactured product. It includes both fixed and variable expenses, such as direct materials and direct labor, to produce a complete product. Absorption costing allows management to measure how much it costs to produce a unit of product, from start to finish, by combining all of the costs related to the product, including direct and indirect expenses. It has a number of benefits that make it the preferred method for reporting to external stakeholders, which is discussed below:
1. GAAP Compliance: Absorption costing is the most compliant method of accounting because it accounts for all costs of production, including overhead costs, which must be included in the company’s financial statements under GAAP.
2. Matching Principle: The absorption costing method complies with the matching principle, which states that all costs should be assigned to the period in which they were incurred, even if the product was not sold during that period.
3. Accurate Costing: Absorption costing is the most accurate way of measuring production costs because it accounts for all direct and indirect expenses of production. It assigns fixed overhead costs, which can be difficult to allocate under other methods of costing, to products.
4. Better Control: Absorption costing provides better control over production costs by accounting for all expenses related to production, thereby enabling management to monitor expenses and make necessary adjustments.
5. Pricing Decisions: Absorption costing is the preferred method for setting prices as it considers all costs, including overhead costs, when determining the cost of a product. Using absorption costing, the company will have a better understanding of the actual cost of production, which will be more accurate for setting prices, budgeting, and forecasting financial results.
Absorption costing is the most preferred cost accounting method that provides the complete picture of the cost of production from the beginning to the end of the production process. In this method, all costs, whether they are direct or indirect, are assigned to the manufactured products. Absorption costing not only helps in determining the cost of production but also provides benefits for external stakeholders. Firstly, GAAP compliance is one of the most important benefits of absorption costing. As all costs are accounted for under GAAP, this method is considered as the most compliant method of accounting. Secondly, the matching principle is another benefit of absorption costing as it accounts for all costs incurred during production, even if the product was not sold during that period. This method also provides accurate costing of production by considering both direct and indirect expenses.
Therefore, it gives better control over production costs by accounting for all expenses related to production. Additionally, absorption costing is the most preferred method of pricing decisions. This is because it takes into account all the costs, including overhead costs, when determining the cost of a product. Thus, the absorption costing method provides a complete picture of the cost of production, which is more accurate for budgeting, forecasting, and setting prices for products.
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Related Questions
A customer buys a TIPS at par with a 3½% coupon. Inflation stays at 4% over the life of the security. What is the inflation-adjusted yield?
A. 3½%
B. 4%
C. 7½%
D. This cannot be determined from the information presented
Answers
The inflation-adjusted yield can be calculated by subtracting the inflation rate from the nominal yield.
In this case, the customer buys a TIPS (Treasury Inflation-Protected Security) at par with a 3½% coupon, and the inflation rate stays at 4% over the life of the security.
The inflation-adjusted yield is calculated as follows:
Inflation-Adjusted Yield = Nominal Yield - Inflation Rate
Nominal Yield = 3½% = 0.035
Inflation Rate = 4% = 0.04
Inflation-Adjusted Yield = 0.035 - 0.04 = -0.005 = -0.5%
Therefore, the inflation-adjusted yield is -0.5%. The correct answer is not provided among the options given. The option "D. This cannot be determined from the information presented" would be the appropriate choice.
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Jared Bledsoe hired Green Gardens, a local landscape firm to plant trees and shrubs in his front yard. The landscape is beautiful when the company is done; however, in just a few days many of the plants begin to die. When Jared complained to the manager of Green Gardens, the manager says that Jared must have done something to them that caused the plants to die, such as overwatering them. Green Gardens doesn’t have any money-back guarantees. Jared is angry that he can’t get a refund or replacement. At this time, Jared's best course of action would be to contact the
Answers
Answer:
Better Business Bureau
Explanation:
Jared's options are very limited, and by contacting the Better Business Bureau (BBB) he would basically be filing a complaint that is public and anyone in North America can access. The BBB cannot do anything to make Green Gardens actually return the money to Jared or even fix his garden, but by making the complaint public, Jared is applying public pressure to the company in order for them to respond in a favorable way.
Jared's problem may or may not be solved, but at least the stain in Green Gardens's reputation will remain.
What are references?
Answers
Answer:
the action of mentioning or alluding to something
Explanation:
what is true regarding the reputation of small businesses?
Answers
By offering job options to people who might not be employed by huge organizations and big firms, small businesses contribute to the local economy's expansion.
Now what we call a business that manages multiple businesses?
A conglomerate is a business made up of numerous independent, unique businesses. A global company controls a large number of other companies that conduct their activities on an autonomous basis. Conglomerates can be created in a variety of methods, including acquisitions and acquisitions.
What phrase best sums up businesses?
Typical synonym for business include employment, métier, career, pursuit, and work. The word "business" indicates activity in industry or the management of funds, but all of these concepts allude to "a definite persistent aim of engaging in order to earn one's living." the management function
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The negative feeling that one should have made another purchase, consumption, or disposition decision than one actually did is referred to as _____.
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Post-decision regret corresponds to the negative feeling that an individual should have made a different purchase decision than he actually did.
What causes post-decision regret?In a purchase process, the consumer looks for products and services that satisfy their needs. After the purchase is made, regret may arise if the product or service does not satisfy those needs.
Therefore, post-purchase decision regret can be related to a negative perception of the benefits of the product and its quality, for example.
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Create an enterprise resource planning work plan/outline of a sandwich company that seeks to improve their business process management(BPM) like improving queue times through different innovative ideas like online sales and premaking of sandwiches e.t.c. You are to research and create a work plan/outline (which will be inclusive of product line, structure, etc.).
Please give a fully explained and well-detailed answer only.Thanks
Answers
Work Plan/Outline for Improving Business Process Management in a Sandwich Company
I. Introduction
II. Analysis and Assessment
III. Establish Goals and Objectives
IV. Product Line Enhancement
V. Online Sales Implementation
VI. Premaking of Sandwiches
VII. Structural Changes
VIII. Employee Training and Empowerment
IX. Monitoring and Evaluation
X. Continuous Improvement and Innovation
Work Plan/Outline for Improving Business Process Management in a Sandwich Company
I. Introduction
Provide an overview of the sandwich company and its current challenges.
Highlight the importance of business process management (BPM) for improving efficiency and customer satisfaction.
II. Analysis and Assessment
Conduct a thorough analysis of the current business processes, identifying bottlenecks, inefficiencies, and areas for improvement.
Assess customer feedback and identify specific pain points related to queue times and order processing.
III. Establish Goals and Objectives
Define clear goals, such as reducing queue times by a certain percentage or increasing customer satisfaction ratings.
Set specific objectives, such as implementing online sales and premaking sandwiches to streamline operations.
IV. Product Line Enhancement
Evaluate the existing sandwich offerings and identify opportunities for diversification or expanding the menu to cater to different customer preferences.
Introduce healthier options, vegetarian/vegan choices, and special dietary options to attract a broader customer base.
V. Online Sales Implementation
Develop an online ordering system with user-friendly interfaces, allowing customers to place orders in advance.
Ensure integration with existing systems, such as inventory management and payment processing, to streamline order fulfillment.
VI. Premaking of Sandwiches
Analyze the demand patterns to determine popular sandwich choices and quantities.
Implement a pre-making system where popular sandwich combinations are prepared in advance, reducing assembly time during peak hours.
VII. Structural Changes
Assess the physical layout of the sandwich shop and make necessary changes to optimize workflow and minimize queue congestion.
Consider implementing self-service kiosks or separate order pickup stations to enhance efficiency.
VIII. Employee Training and Empowerment
Provide comprehensive training programs to enhance employees' skills in food preparation, customer service, and order management.
Empower employees to make decisions and resolve customer issues promptly, improving overall service quality.
IX. Monitoring and Evaluation
Implement performance metrics and tracking systems to monitor key performance indicators, such as queue times, customer satisfaction, and sales.
Regularly review progress and make adjustments as necessary to ensure continuous improvement.
X. Continuous Improvement and Innovation
Foster a culture of innovation by encouraging employees to suggest ideas for further improving business processes.
Regularly evaluate market trends, customer preferences, and emerging technologies to stay ahead of the competition.
By following this work plan/outline, the sandwich company can enhance its business process management, reduce queue times, and improve customer satisfaction through the implementation of innovative ideas like online sales and premaking of sandwiches.
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TRUE / FALSE.a substance that is completely dissociated into ions in solution
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True. A substance that is completely dissociated into ions in solution is an electrolyte.
A substance that is completely dissociated into ions in solution is known as an electrolyte. This type of compound, when dissolved in water, dissociates into ions that are free to move throughout the solution.
Examples of common electrolytes include table salt (NaCl) and hydrochloric acid (HCl). When these compounds are dissolved in water, they completely dissociate into their respective ions.
The opposite of an electrolyte is a nonelectrolyte, which is a compound that does not dissociate into ions when dissolved in water. Examples of nonelectrolytes include sugar (C12H22O11) and ethanol (C2H5OH).
In summary, a substance that is completely dissociated into ions in solution is an electrolyte, and this statement is true. The dissociation of electrolytes in solution is an important aspect of chemistry and has many practical applications, including in the production of batteries and other electronic devices.
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miriam romero owns a home in edmond, oklahoma. she is worried her property might be damaged due to some unforeseen event. this worry about the uncertainty as to a loss is an example of a:
Answers
Miriam Romero's worry about the uncertainty of a potential loss to her property is an example of risk.
What is Risk?Risk refers to the likelihood of a negative outcome occurring and the potential impact it may have. In this case, the potential negative outcome is property damage, and the impact could be financial, emotional, or both.
Risk management involves identifying potential risks, assessing their likelihood and impact, and taking steps to mitigate or minimize them. In Miriam's case, she may choose to purchase insurance or take measures to protect her property from potential hazards.
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creating personal property by the fruits of your labor is called: group of answer choices work force labor confusion production none of the above
Answers
Creating personal property from the fruits of your labor is commonly called "production."
Production is the process of transforming inputs or resources into goods or services through human effort and the application of technology. It involves the use of labour, capital and natural resources to create something of value. When individuals engage in productive activities, they use their skills, knowledge, and physical effort to produce goods or provide services.
The concept of creating personal property through labor is deeply rooted in economic theory and the principles of private property rights. It is based on the notion that individuals have the right to own and benefit from the results of their own work. This idea underlies the concept of economic incentives and the motivation of individuals to engage in productive activities.
By engaging in productive work, individuals can increase their personal wealth and accumulate assets. For example, a farmer grows crops through his labor and effort, resulting in the production of agricultural products that can be sold or consumed. Similarly, a craftsman uses his skills and labor to create handmade goods that can be sold in the market.
The creation of personal property through work is essential for economic growth and development. It promotes innovation, entrepreneurship and wealth accumulation. It also plays a key role in driving economic progress and improving living standards.
Collectively, the act of creating personal property through the fruits of your labor is called "production." It is a fundamental concept in economics that emphasizes the role of human effort and the transformation of inputs into valuable goods or services.
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A consumer group is interested in estimating the proportion of packages of ground beef.
Answers
384 packages of ground beef should be tested to estimate the proportion to within 0.05 with 95% confidence.
The sample size required to estimate the proportion of packages of ground beef with an actual fat content exceeding the fat content stated on the label can be calculated using the formula
n= (z^2*p*q)/(E^2)
where n is the sample size, z is the z-score, p is the estimated proportion, q is 1-p, and E is the margin of error. In this case, z=1.96 for 95% confidence, p is estimated to be 0.5, q is 0.5, and E is 0.05.
Plugging these values into the formula gives us a sample size of 384 packages. Therefore, 384 packages of ground beef should be tested to estimate the proportion to within 0.05 with 95% confidence.
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A personal identification number(PIN) is used to protect: A checks B deposit slips C debit cards D check registers
Answers
Answer:
If there is an all of the above option click that but if not hit D: Check registers
Hope this helps!
mark just placed a stop limit order to sell 100 shares at $21 stop, $18 limit. which one of the following statements is correct concerning this order if the current market price is $16?
Answers
The correct statement concerning this order is: E: The order will become a limit order to sell at $18 once the market price reaches $21.
If the current market price is $16 and Mark just placed a stop limit order to sell 100 shares at $21 stop, $18 limit, then the order has not yet been triggered because the current market price is below the stop price of $21. Therefore, the order is not currently active and will only become active if the market price rises to $21 or higher. Once the stop price is reached, the order will become a limit order to sell at $18 or higher.
The stop limit order will not be triggered until the share price reaches or surpasses the $21 stop price. Once it reaches the stop price, the order will become a limit order to sell at $18 or higher. Since the current market price is $16, the stop limit order remains inactive. Therefore, the correct option is E.
The other options are:
A. As soon as the price rises to $18, the stock will be sold.
B. The stock will sell for at least $18 but less than $21.
C. The stock will sell for $18 a share as soon as the price hits $21.
D. The order will become a limit order to sell at $21 once the market price reaches $18.
E. The order will become a limit order to sell at $18 once the market price reaches $21.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
What are five questions you should ask yourself to help you determine the type of health care coverage that is most important to you?
Answers
Cheap
Effective
Fast
Options
Safe
3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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Help Wanted Ads Established company seeking full-time residential house cleaner. We will train. Must be honest and dependable. Call (123) 456-7890. Suburban medical facility seeking surgeon. Board Certified required. $1,000 signing bonus for every year of experience, up to $15,000. Send resume to 123 Medical Drive, Suburbia, GA. Temporary lifeguard needed to fill summer holiday shifts at outdoor swimming pool Must have CPR and Lifeguard certification. Apply in person to Bridgefront, 123 Bridgefront, Anytown, GA. Aircraft manufacturer seeking engineers with advanced degree in physics and no less than 15 years experience. Many positions available. Send resume to 123 Aircraft Blvd., Anytown, GA. According to the help wanted ad for a surgeon, how many years of experience will provide the LARGEST signing bonus?
A) 0-4 years
B) 5-9 years
C) 10-14 years
D) 15+ years
Answers
Answer: D 15+ years
Explanation:
The more years the larger the sign bonus
Suppose a country decides to abandon paper currency and coins, and to adopt eggs as its national currency. Analyze the wisdom of this decision. Base your reasoning on each of the three uses of money.
Answers
While eggs may have some value as a commodity, using them as a national currency would not be wise. There are several reasons why eggs are not a suitable replacement for paper currency and coins.
Medium of exchange: Eggs would not be a practical medium of exchange. Eggs are fragile and can easily break, making them difficult to transport and store. They are also perishable and have a limited shelf life, which would create logistical problems for businesses and consumers.
Unit of account: Eggs would not be a stable unit of account. The price of eggs can fluctuate greatly depending on factors such as supply and demand, weather conditions, and disease outbreaks. This volatility would make it difficult for businesses to plan and make long-term investments.
Store of value: Eggs would not be a reliable store of value. As mentioned above, eggs are perishable and have a limited shelf life. They also require careful storage and handling to prevent spoilage. In addition, the value of eggs could be subject to sudden and unpredictable shifts in the market, which would make them a risky investment.
In conclusion, while eggs may have some value as a commodity, using them as a national currency would be unwise due to their fragility, volatility, and perishability. A currency needs to be a practical medium of exchange, a stable unit of account, and a reliable store of value, and eggs do not meet these criteria.
Which stage in the product life cycle often sees a business spending a lot of
money on advertising?
A. Introduction
B. Maturity
C. Decline
D. Growth
Answers
Answer:
INTRODUCTION
option A
Explanation:
the following transactions occurred during 2020; the first year of operations for the bozeman ski shop, inc. with a calendar year end. 1. on 1/1/20, bss sold 10,000 shares of no-par common stock to investors at $16 per share. 2. on 1/1/20, a ski tuning machine was purchased for $50,000 in cash. it will be used for 5 years, has no expected salvage value, and the cost will be allocated evenly over 5 years.
Answers
1. The total cash inflow from this transaction would be calculated by multiplying the number of shares sold (10,000) by the price per share ($16), which equals $160,000.
2. The annual depreciation expense for the ski tuning machine would be calculated by dividing the initial cost ($50,000) by the useful life (5 years), resulting in an annual depreciation expense of $10,000.
In 2020, Bozeman Ski Shop, Inc. (BSS) experienced the following transactions during its first year of operations:
On 1/1/20, BSS sold 10,000 shares of no-par common stock to investors at $16 per share. This transaction represents an equity financing activity where BSS raised capital by issuing shares to investors. The total proceeds from the sale of the shares would be $16 per share multiplied by 10,000 shares, resulting in $160,000 in cash inflow.
On 1/1/20, BSS purchased a ski tuning machine for $50,000 in cash. The ski tuning machine has a useful life of 5 years and no expected salvage value. The cost of the machine will be allocated evenly over the 5-year period, following the principle of straight-line depreciation. This means that BSS will recognize an annual depreciation expense of $10,000 ($50,000 divided by 5 years) related to the ski tuning machine.
By allocating the cost evenly over the 5-year period, BSS is matching the expense with the periods during which the machine is expected to generate revenue. This approach adheres to the matching principle in accounting, which aims to accurately represent the expenses incurred in generating revenue during a specific accounting period.
Overall, these transactions involve the issuance of common stock to raise capital and the purchase of a ski tuning machine, with the associated cost being allocated evenly over its estimated useful life. These activities are crucial in establishing the financial foundation of Bozeman Ski Shop, Inc. as it begins its operations in 2020.
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1) Robolane Incorporated manufactures and distributes small robotic toys. Because most of its orders are via telephone or fax, numerous orders have to be reworked. The average cost of the reworked orders is $12.45: $5 for labor, $5.15 for more materials, and $2.30 for overhead. This ratio of costs holds for the average original order. On a recent day, the shop reworked 80 orders out of 800. The original cost of the 80 orders totaled $2,000. The average cost of all orders is $26.245, including rework, with an average selling price of $35. Required: Prepare the necessary journal entry to record the rework for the day if the shop charges such activities to Robo Department Overhead Control. Prepare journal entries to record all relevant rework charges as well as to transfer the reworked items finished goods to Finished Goods Inventory.
Answers
Answer:
Following are the Journal entries to the given question:
Explanation:
Accounts Dr Cr
Robo Department Overhead Control 996
Materials Control \((80 \times 5.15) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 412\)
Wages Payable \((80\times 5)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 400\)
Shop overhead control\((80\times 2.30) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 184\)
Finished Goods \(2000\)
Work in process control \(2000\)
ron secured a loan for $9,800. the bank offered him a simple interest rate of 6% over a three-year period. if ron pays the loan back in three years, what will be the total amount paid to the bank?
Answers
11,672 will be the total amount paid to the bank by Simple interest.
What does compound and simple interest mean?
Simple interest and compound interest are the two methods that can be used to compute interest. The principal, or initial amount of a loan, is used to compute simple interest.
Compound interest can be thought of as "interest on interest" because it is calculated on both the principal and the total accumulated interest from prior periods.
What are examples of bank liabilities?
Liabilities of a bank are debts owed by the institution to private parties or other companies. Based on the clients it serves and the services it offers, a company's responsibilities may vary. A bank typically lists the following among its liabilities other banks receiving interest payments. Building mortgage payments.
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The duration of a par value bond with a coupon rate of 8% (paid annually) and a remaining time to maturity of 5 years is
Answers
According to the question the duration of the par value bond is 26.
The duration of a par value bond with a coupon rate of 8% (paid annually) and a remaining time to maturity of 5 years can be calculated using the formula:
Duration = (1 + (1 + Yield to Maturity) / Number of Coupon Payments) / Yield to Maturity
In this case, since the coupon rate is 8% and paid annually, the yield to maturity would be equal to the coupon rate, which is 8%. Therefore, the calculation becomes:
Duration = (1 + (1 + 0.08) / 1) / 0.08
= (1 + 1.08) / 0.08
= 2.08 / 0.08
= 26
So, the duration of the par value bond is 26.
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The demand function for an imported vegetable is QD = 212 – 20P. The supply function is QS = 20 + 4P
Answers
The equilibrium price is $12 per unit and the equilibrium quantity is 52 units. This is because at the equilibrium price of $12, the quantity demanded and the quantity supplied is equal to 52 units.
To find the equilibrium price and quantity, we need to set the quantity demanded equal to the quantity supplied and solve for the price.
QD = QS
212 - 20P = 20 + 4P
212 - 20P - 4P = 20
192 - 16P = 0
16P = 192
P = 12
So the equilibrium price is $12 per unit.
To find the equilibrium quantity, we substitute the equilibrium price into either the demand or supply equation and solve for the quantity.
QD = 212 - 20P
QD = 212 - 20(12)
QD = 52
Therefore, the equilibrium quantity is 52 units.
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The complete question is:
The demand function for an imported vegetable is QD = 212 - 20P. The supply function is QS = 20 + 4P. What is the equilibrium price and quantity?
Which one is not a question that can be used to analyze if an action is ethical?
A) Is the information presented factual and honest?
B)Who is affected by these actions?
C) Is the action illegal?
D)Will the privacy and confidentiality of the company be protected?
Answers
Explanation:
C)Is the action illegal?
Utad is a felemarketer, making calis to a targeted list. Company statistics show that the fumber of completed sales S that will be made is approximated by S(x)=−11.9+9.8log(x+53) Where x s the number of calls made. What is the least number of cals Brad should make in order to camplete 9 sales? Round your ansiver lo the nearest whole number. A. 83 cals B. 95 cals C. 115 calls D. 138cals 2 E. 123cals
Answers
The least number of calls Brad should make is approximately 85.
Therefore, the correct answer is A. 83 calls.
The equation S(x) = -11.9 + 9.8log(x + 53) represents the relationship between the number of calls made (x) and the number of completed sales (S). To find the least number of calls required to complete 9 sales, we need to solve the equation S(x) = 9.
By substituting S(x) = 9 into the equation, we have:
9 = -11.9 + 9.8log(x + 53)
Rearranging the equation, we get:
9.8log(x + 53) = 9 + 11.9
9.8log(x + 53) = 20.9
Dividing both sides of the equation by 9.8, we have:
log(x + 53) = 2.1327
To eliminate the logarithm, we can rewrite the equation in exponential form:
x + 53 = 10^2.1327
Taking the inverse logarithm, we find:
x + 53 = 137.95
Subtracting 53 from both sides, we get:
x = 84.95
Rounding this value to the nearest whole number, the least number of calls Brad should make is approximately 85.
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1. Choose a well-known company that you know of, and answer the following questions about it:
Answers
Answer:
what type of company
and which other questions
bongseon and karim would like to form a corporation to provide string music education to children in their area. they want to form this business as a way to give back to the community and plan to have the children perform concerts in rest homes for older people who are unable to travel. bongseon and karim will most likely form a(n) .
Answers
Bongseon and Karim would most likely form a non-profit corporation or a 501(c)(3) organization, as their primary goal is to provide a service to the community rather than to generate profits.
What is organization ?A 501(c)(3) organisation or a non-profit business, as their main objective is to serve the community rather than make money. Charities, educational institutions, and other organisations with a goal of advancing social welfare or serving a philanthropic purpose frequently employ this sort of organisation. By establishing a non-profit organisation, they may qualify for tax exemptions and be able to accept contributions from people and businesses that are tax-deductible.To know more about organization , check out :
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If income increases by $100 and saving increases by $25, the slope of the consumption function equals O a. 3/5 Ob. 1/2 O c. 3.4 d. 14 e. 15
Answers
If income increases by $100 and saving increases by $25, the slope of the consumption function equals 3.4
The relationship between total consumption and gross national income can be modeled using an economic formula called the consumption function, also known as the Keynesian consumption function. The function was first proposed by British economist John Maynard Keynes, who claimed it could be used to monitor and foresee total aggregate consumption spending.The consumption function's slope is defined as the marginal propensity to consume.
Consumption function: C+c Yd
Where, C = Autonomous consumption
Yd = Disposable income
c = MPC or Slope of consumption function
Change in income = $100
Saving = $25
Change in consumption = Change in income-Saving
Change in consumption = $100-$25
Change in consumption = $75
MPC or Slope of consumption function(c) = \(\frac{Change in consumption}{Change in income}\)
MPC or Slope of consumption function(c) = 75/100
Divide both denominator and numerator by 25 = (75÷25)/(100÷25)
We get MPC or Slope of consumption function(c) = 3/4
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Production Possibilities frontier Screwdrivers 14 13 12 Hammers a. The slope of the PPF between point A and point B is (Click to select) b. The slope of the PPF between point B and point C is (Click to select) c. The opportunity cost of producing hammers is (Click to select) between points A and B than between points B and C d. The opportunity cost of producing screwdrivers is (Click to select)between points A and B than between points B and C
Answers
The Production Possibilities Frontier (PPF) is a curve that shows the different combinations of two goods that can be produced using the same resources. The slope of the PPF represents the opportunity cost of producing one good in terms of the other.
a. The slope of the PPF between point A and point B is -1. This is because the PPF is moving down by one unit of hammers for every one unit of screwdrivers.
b. The slope of the PPF between point B and point C is -2. This is because the PPF is moving down by two units of hammers for every one unit of screwdrivers.
c. The opportunity cost of producing hammers is lower between points A and B than between points B and C. This is because the slope of the PPF is steeper between points B and C, meaning that more screwdrivers must be given up in order to produce one more unit of hammers.
d. The opportunity cost of producing screwdrivers is higher between points A and B than between points B and C. This is because the slope of the PPF is less steep between points A and B, meaning that fewer hammers must be given up in order to produce one more unit of screwdrivers.
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what is the relationship among job,employment and education?
Answers
Answer:
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Explanation:
Job/employment are the same for all intents and purposes.
The relationship between employment and education is a most obvious one.
First of all, “education” is not limited to just a college education. It includes (but is not limited to): trades, industry management track training, apprenticeships, as well as college.
When a prospective worker has knowledge, skills, abilities, and education (KSAEs), he/she increases his potential for better paying jobs. The more he/she increases those KSAEs the higher his/her job prospects go.
This is pretty much job/employment 101.
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Answer: n every single 1 we r learning sum and we r doing sum new
Explanation: