Washington Bottle Company provides the following information about its single product.
Targeted operating income: $659,930
Selling price per unit: $7.55
Variable cost per unit: $5.55
Total fixed costs: $112,200
1. How many units must be sold to earn the targeted operating income?
a. 329,965
b. 58,941
c. 56,100
d. 386,065
2. What is the break-even point in units?
a. 329,965
b. 8,565
c. 50,376
d. 56,100
Answers
Washington Bottle Company sold 329,965 units of its single product with a cost of goods sold of $50,376 and a total revenue of $56,100.
The information provided by Washington Bottle Company indicates that the company's single product has a cost of goods sold of $50,376, generating a total revenue of $56,100 from the sale of 329,965 units. This means that the company has a gross profit of $5,724. Understanding these figures can help the company determine its pricing strategy, production cost, and overall profitability. It is important to regularly analyze this data to ensure the company is making sound financial decisions and achieving its business goals.
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Related Questions
explain the aims of accelerated growth Initiative for South Africa
Answers
Answer:
The Accelerated and Shared Growth Initiative for South Africa (AsgiSA) was prepared during 2005 and launched in February 2006. Its objectives were to introduce policies, programmes and interventions that would allow the South African economy to grow enough to halve poverty and unemployment between 2004 and 2014.
may this help u and have a good day
factorise the following3x^2-18 +24
Answers
Answer:
it's 3(x^2-2) bcoz -18-24= -6 and 3 is divisible into 6 twice
Byron Books Inc. recently reported $9 million of net income. Its EBIT was $16.1 million, and its tax rate was 25%. What was its interest expense
Answers
To find the interest expense of Byron Books Inc., we can start with the formula for calculating net income:
Net Income = EBIT - Interest Expense * (1 - Tax Rate)
Rearranging the formula, we can solve for interest expense:
Interest Expense = (EBIT - Net Income) / (1 - Tax Rate)
Given that Byron Books Inc. reported a net income of $9 million, EBIT of $16.1 million, and a tax rate of 25% (or 0.25), we can substitute these values into the formula:
Interest Expense = (16.1 million - 9 million) / (1 - 0.25)
Interest Expense = 7.1 million / 0.75
Interest Expense = $9.4667 million or approximately $9.47 million
Therefore, the interest expense of Byron Books Inc. is approximately $9.47 million.
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The interest expense of Byron Books Inc. is $7.1 million.
Explanation:Interest expense is a financial cost that a company or individual incurs when borrowing money. It's typically associated with loans, bonds, or credit lines. This expense represents the amount paid to the lender as compensation for the use of their funds. For businesses, it's a deductible expense, reducing taxable income. Monitoring and managing interest expense is crucial for financial health, as excessive interest payments can strain cash flow and negatively impact profitability. Byron Books Inc. recently reported $9 million in net income. Thus,
To find the interest expense, we can use the formula:
Interest Expense = EBIT - Net Income
Substituting the given values:
Interest Expense = $16.1 million - $9 million
= $7.1 million
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Which ONE of the following kinds of manufacturing business would use a process cost system to track manufacturing costs? a. Sculptor b. Custom homebuilder c. Mayonnaise factory d. Custom supercomputer manufacturer e. Rare auto manufacturer
Answers
The manufacturing business that would use a process cost system to track manufacturing costs among the given options is: c. Mayonnaise factory.
Process cost systems are commonly used in industries where goods are produced through a continuous or repetitive process. These systems are designed to track and allocate costs to each production department or process within the manufacturing facility.
In a mayonnaise factory, for example, the production process involves a series of sequential steps, with inputs such as ingredients and packaging materials being transformed through various stages to produce the final product. A process cost system would be suitable for tracking and allocating costs incurred at each stage of the production process, such as direct materials, direct labor, and overhead costs.
On the other hand, the remaining options (a. Sculptor, b. Custom homebuilder, d. Custom supercomputer manufacturer, and e. Rare auto manufacturer) typically involve more customized or individualized production processes, where each product is unique or made to order. In such cases, a job costing system or a combination of job and process costing may be more appropriate for tracking costs specific to each unique product or project.
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You need $24,056 at the end of 6 years, and your only investment outlet is an 8 percent long-term certificate of deposit (compounded annually). With the certificate of deposit, you make an initial investment at the beginning of the first year. Use Appendix B and Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
a.
What single payment could be made at the beginning of the first year to achieve this objective? (Do not round intermediate calculations. Round your final answer to 2 decimal places. )
Single payment made $
b.
What amount could you pay at the end of each year annually for 6 years to achieve this same objective?(Do not round intermediate calculations. Round your final answer to 2 decimal places. )
Answers
A. The single payment that would be made is given as $15160.07
B. The amount that would be paid annually at the end of the year is $3279.2
How to solve for the single paymentWe have the following data to solve the problem with
future value = 24056
The number of years n = 6 years
The rate is r = 8 percent
The present value is the single payment that would be made
This is given by
\(fv(1 + r)^n\)
\(24056(1 + 0.08)^6\)
= 24,056 / 1.5868
= $15160.07
b. We are to find the future value of annuity
The future value of annuity has been solved through the use of the excel statistical tool
= $3279.2
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Property taxes are usually determined based on the property owner's income. the amount of money invested in the property. the earnings generated by the property. the value of the property.
Answers
Answer:
D) Value of property
Explanation:
ddddddddddddddddddddddddddddddddddd
Property taxes are generally calculated or depending on the property's value.
The mill levy is multiplied by the property's value of the property at the time to determine property taxes. The assessed value is an assessment of your home's fair market worth. It is based on the current situation of the local real estate market.
So, Option "D" is the correct answer to the following question.
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when comparing depreciation rules for regular tax purposes to those for alternative minimum tax (amt) purposes, which of the following statements are incorrect? (check all that apply.) multiple select question. for amt purposes, businesses must depreciate tangible personal property using the 200 percent declining balance method. the allowable recovery periods and conventions are the same for all depreciable assets for amt purposes as for regular tax purposes. bonus depreciation is deductible for both regular tax purposes and amt purposes. depreciation of real property uses longer recovery periods for amt purposes than for regular tax purposes. for amt, the total amt depreciation is always added to regular taxable income to calculate the amt base.
Answers
The statement that is incorrect is allowable recovery periods and conventions are same for all the depreciable assets for amt purposes as for regular tax purposes.
What is an asset?An asset is any resource that a company or other economic organization owns or has control over. Assets are the ownership worth that may be exchanged for cash. The monetary worth of assets that company owns is shown on its balance sheet. It includes money and other valuables that belong to individual or company. Title (a legally enforceable ownership right) to an asset is not necessary in the sense of financial accounting. Any rights (economic resource) that the asset represents must be under the reporting entity's control in order for it to be recognized as an asset. Being able to profit from an item while preventing others from doing the same is control's key feature.
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which of the following statements best describes compound interest?
A) compound interest is when you make interest off of your interest. The amount of interest earned is based off of your principal and any accrued interest.
B) compound interest is when you make interest off of your principal. Interest does not Compound on interest that has been previously added to your account. C)compound interest is only paid once a year. If you want an account that pays you interest more often, you will need to open an account that pays simple interest.
D)compound interest does not make you as much money as simple interest.
Answers
Answer:
compound interest does not make you as much money as simple interest
The compound interest is the interest when you make interest off of your interest. It is a interest on loan which is calculated on the basis of principal and any accrued interest.
What is compound interest?The compound interest is charged on the loan on both the principal amount and accumulated interest from the previous time periods.
Compound interest is very better to use for investment as it grows the fund at fast rate.
It can be calculated annually, monthly, quarterly or daily basis as well.
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if your goal was to connect individual customers' behavior across different interactions on different platforms and devices, which analytics feature allows you to do that by associating your own identifiers with individual customers?
Answers
Based on Góogle Analytics Certification, the analytics feature allows you to connect individual customers' behavior across different interactions on different platforms and devices is User-ID
What is a User-IDUser ID is a term that is used to describe a User Identifier, usually a specific value and easily known by the operating systems to identify a user.
User identifier or User ID is known along with the group identifier and other access control criteria and is utilized to specify which system resources a user can access.
With góogle analytics certification, the User-ID allows system analysts to connect individual customers' behavior across different interactions on different platforms and devices,
Hence, in this case, it is concluded that the correct answer is the User-ID
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managers whose expertise lies primarily in one or another of the specialty areas such as marketing, operations, or finance are known as: group of answer choices middle managers supervisors top managers functional managers
Answers
Managers whose expertise lies primarily in one of the specialty areas such as marketing, operations, or finance are known as functional managers.
These managers are responsible for overseeing specific functional areas within an organization and typically have in-depth knowledge and skills related to their specialized field. They are responsible for setting goals, making decisions, and implementing strategies within their functional area to achieve organizational objectives. Functional managers often work alongside other managers and report to higher-level managers or executives who have a broader, more general oversight of the entire organization. Their specialized expertise and focus allow them to provide valuable insights and guidance within their respective areas of specialization.
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To examine
the weekly payroll of all employees, one would look at the:
Answers
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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if a significant change is noted in the yield of a t-bill, the change is most likely attributable to a
Answers
If a significant change is noted in the yield of a T-bill, the change is most likely attributable to a change in the interest rate.
What is a T-bill?T-bill stands for Treasury bill. A T-bill is a short-term obligation backed by the US government that has a maturity period of one year or less.
The federal government provides these securities to raise funds from the public. T-bills are usually considered low-risk investments because they are backed by the government and have a relatively short maturity period.
The Yield of a T-bill:
The yield on a T-bill is the return that an investor will receive from investing in that security.
T-bills are sold at a discount to their face value, which is known as par value, with the difference between the selling price and the face value representing the yield to maturity.
When the yield of a T-bill changes, it reflects the change in the investor's expected return if they purchase the T-bill.
T-bill Yield Changes:
If there is a significant change in the yield of a T-bill, it is most likely due to a change in interest rates. This is because interest rates and bond yields are inversely related.
When interest rates rise, bond prices fall, and bond yields rise.
Similarly, when interest rates fall, bond prices rise, and bond yields fall.
Therefore, a significant change in the yield of a T-bill is likely due to a change in interest rates.
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since it is very difficult to monitor private citizens' carbon footprint, and relatively easy to monitor the pollution caused by large factories, _____
Answers
Government regulations often focus on monitoring and regulating industrial pollution rather than individual carbon footprints.
Government regulations often prioritize monitoring and regulating industrial pollution because it is easier to track and control compared to monitoring the carbon footprints of individual citizens. Large factories and industrial facilities can be monitored through emission monitoring systems and compliance inspections, making it more feasible for governments to enforce environmental regulations and mitigate pollution. On the other hand, monitoring individual carbon footprints involves tracking the activities and behaviors of millions of citizens, which is challenging and invasive.
Instead, governments tend to implement broader policies such as emission standards, pollution permits, and incentivizing industries to adopt cleaner technologies. These measures target industrial sources that contribute significantly to pollution. However, individual actions and behaviors are not ignored, as governments often encourage sustainable practices through education, awareness campaigns, and incentives to reduce carbon footprints. While the focus may lean towards monitoring and regulating industrial pollution, the overall goal is to address both industrial and individual contributions to environmental degradation and promote sustainable practices at various levels.
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Lucren Company is considering a loss on impairment for one of its assets. Informationon this asset follows:
Cost $9,000,000
Accumulated depreciation to date 1,000,000
Expected future net cash flows 7,000,000
Fair value 4,800,000
Assume that Lucren will continue to use this asset in the future. As of 12/31/21, the
equipment has a remaining useful life of 4 years.
Prepare the journal entry (if any) at 12/31/21 to record impairment on
this asset.
Debit Credit
Prepare the journal entry to record depreciation expense on the asset
for the year 2022.
Debit Credit
Assuming the asset in questions 1 and 2 has an increase in fair value
to $5,100,000 in 2022, prepare the journal entry (if any) necessary to record this
increase.
Debit Credit
Assuming the asset in questions 1 and 2 has an increase in fair value
to $5,100,000 in 2022 and that Lucren intends to dispose of the asset (cost of
disposal is estimated at $20,000), prepare the journal entry (if any) necessary to
record this increase.
Debit Credit
Given the data in question #4, prepare the depreciation expense entry
(if any) for the asset at 12/31/21.
Debit Credit
Answers
Journal entry to record impairment on the asset at 12/31/21:
Debit: Loss on Impairment (Income Statement) $1,200,000
Debit: Accumulated Depreciation (contra-asset) $1,000,000
Credit: Equipment (Asset) $2,200,000
Journal entry to record depreciation expense on the asset for the year 2022:
Debit: Depreciation Expense (Income Statement) $2,000,000
Credit: Accumulated Depreciation (contra-asset) $2,000,000
Journal entry to record the increase in fair value to $5,100,000 in 2022:
Debit: Equipment (Asset) $300,000
Credit: Unrealized Gain on Asset (Other Comprehensive Income) $300,000
Journal entry to record the increase in fair value to $5,100,000 in 2022 and disposal of the asset with a cost of disposal estimated at $20,000:
Debit: Equipment (Asset) $300,000
Credit: Gain on Disposal of Asset (Income Statement) $80,000
Credit: Accumulated Depreciation (contra-asset) $1,000,000
Credit: Cost of Disposal (Expense) $20,000
Depreciation expense entry for the asset at 12/31/21 (assuming no change in fair value):
Debit: Depreciation Expense (Income Statement) $2,000,000
Credit: Accumulated Depreciation (contra-asset) $2,000,000
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Which are examples of copyrighted online materials? Check all that apply.
an article from an Internet magazine
lyrics for a song written in the 1800s
photos taken by a student on his blog
a video game that is free for anyone to copy
an illustration sold by an artist on her website
an excerpt from a novel published in 1913
Answers
Answer:
a and d
Explanation:
Answer:
A & E
Explanation:
edge test
when individuals are unemployed because they lack the qualifications to fill available jobs, this is called
Answers
When individuals are unemployed because they lack the qualifications to fill available jobs, this is called Skill-Mismatch Unemployment.
When people are unable to obtain work because their education and experience do not meet the requirements for the open positions, this is known as skill-mismatch unemployment. This can occur when there is a sudden shift in the demand for particular talents, as in quickly expanding businesses or as a result of technology advancements. Because they lack the training or knowledge required to perform in-demand positions, some individuals can find themselves out of a job. Investment in education and training programmes that assist employees in acquiring the skills necessary to fill open positions is necessary to address the problem of skill-mismatch unemployment.
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Money Matters Help
You just got your first job and are planning to rent your own apartment. what steps would you follow to make this process easier?
Answers
Explanation:
A Step by Step Guide Through the Rental Application Process
Fill out a rental application. Let's start with the basics: the apartment application itself. ...
Pay the apartment application fee. ...
Expect credit and background checks. ...
Prove you can pay rent. ...
Figure out if you need a co-signer. ...
Show them that you are an agreeable renter. ...
Have good personal references. ...
Sign the lease.
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What is an emergency fund?
Answers
Answer:
box of money.
Explanation:
it is for money so u can get the money for emergency's
one attribute that helps define a project is that a project has a unique purpose T/F
Answers
True. One of the defining characteristics of a project is that it has a unique purpose. Unlike routine operations, which are ongoing and repetitive, a project is a temporary endeavor with a specific goal or objective.
The purpose of a project can vary widely, ranging from developing a new product to constructing a building to implementing a new IT system. However, regardless of the nature of the project, it is essential that it has a clear and well-defined purpose that guides all the activities and decisions involved in its execution. This purpose is typically articulated in the project's scope statement, which outlines the project's objectives, deliverables, timelines, and stakeholders. By having a unique purpose, a project can focus on achieving specific outcomes and creating value for the organization.
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PLZZZ HELP!!!
Part B
Imagine that you were the boss of the employees in these cases, and develop a list of at least five rules for appropriate behavior on social media that all employees must follow.
Part C
Finally, explain how you’ll personally avoid risky behaviors on social media, or how you can personally follow the rules so that you don’t put your own career at risk because of inappropriate social media posts.
Answers
Answer:
yes
Explanation:
Social media. A platform originally built to allow individuals to keep in touch and socialize with a small community of friends has become a forum for discussions as frivolous as kittens and as internationally significant as world leaders in a flame war. Those conversations are no longer limited to people on the same campus, or even in the same countries, nor are they limited to individuals. Organizations realized the reach and significance of social media around the same time as content marketing became a way to offer advice and best practices for free to people who would be drawn to your company and ultimately convert to customers and brand evangelists.
Answer: (Answers may vary.) Part B
These are my five rules for appropriate behavior for employees:
Do not use offensive language online.
Do not discuss your negative opinions, frustrations, or problems about work online.
Do not express any racist, sexist, or prejudiced opinions in general online.
Do not criticize your colleagues and customers of the company online with regard to their work.
Do not spread rumors or gossip about colleagues and customers online.
Part C: My Answer
I'll Avoid risky behaviors on social media buy conducting myself in a professional manner at all times, that way i avoid embarrassing myself and my company's reputation.
(Edmentum Answer)
I’ll set all of my social networking accounts to private and only accept friend requests from people I know well. I won’t use offensive language online. I won’t express any racist, sexist, or prejudiced opinions. I won’t rant about customers, no matter how upset I may be with them. I won’t talk about negative experiences or opinions about my work online. Instead, I’ll discuss my problems with the right people (management, human resources, supervisors, or co-workers). I’ll speak respectfully about my colleagues and superiors.
Explanation: Edmentum Sample Answer, And my Answer
What are the 5 advantages of writing out a budget?
Answers
Explanation:
Provides You 100% Control Over Your Money.
Let's You Track Your Financial Goals.
Budgeting Will Open Your Eyes.
Will Help Organize Your Spending.
Will Help Create a Cushion for Unexpected Expenses.
Budgeting Makes Talking About Finances Much Easier.
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Type the correct answer in the box. Which Financial Assets can be traded on the stock market?
_____ are tradable financial assets that are sold and bought on the stock market.
Answers
Your answer is Treasury Bill!
Hopefully, this helps! :D
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What is the volume of a box that is 3 m long, 0.5 m high, and 2 m wide?
Answers
In general, how would you describe the U.S. Economy to someone else?
Answers
The U.S. is a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces economic freedom when it comes to capital use, but it also allows for government intervention for the public good.
a. An analysis of WTI's insurance policies shows that $2,674 of coverage has expired.
b. An inventory count shows that teaching supplies costing $2,318 are available at year-end.
c. Annual depreciation on the equipment is $10,698.
d. Annual depreciation on the professional library is $5,349.
e. On September 1, WTI agreed to do five courses for a client for $3,000 each. Two courses will start immediately and
finish before the end of the year. Three courses will not begin until next year. The client paid $15,000 cash in advance
for all five courses on September 1, and WTI credited Unearned Revenue.
f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at
the end of the class. At December 31, $5,653 of the tuition revenue has been earned by WTI.
g. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per
day for each employee.
h. The balance in the Prepaid Rent account represents rent for December.
Answers
The preparation of WTI Insurance Company's income statement for the year is as follows:
WTI Insurance Company
Income StatementFor the year ended December 31,
Tuition Fees $109,577
Training Fees 48,717
Total Revenue $154,694
Expenses:
Depreciation Expense -Professional Library $5,349
Deprecation Expense - Equipment 10,698
Salaries Expense 49,307
Insurance Expense 2,674
Rent Expense 24,468
Teaching Supplies Expense 7,869
Advertising Expense 7,132
Utility Expense 5,706
Total expenses $113,203
Net income $45,091
How do you prepare Income Statements from Unadjusted Trial Balance?To prepare an income statement from an unadjusted trial balance, you must take into consideration all the necessary end-of-period adjustments.
The adjustments ensure that the financial statements are prepared in accordance with the accrual basis. The accrual concept requires every expense and revenue for the period to be accounted for or recognized, whether received in cash or paid for.
Question Completion with Data from Unadjusted Trial Balance:Tuition Fees $103,924
Training Fees 38,717
Depreciation Expense -Professional Library $0
Deprecation Expense - Equipment $0
Salaries Expense $48,907
Insurance Expense $0
Rent Expense 22,429
Teaching Supplies Expense $0
Advertising Expense $7,132
Utility Expense $5,706
See attachment for more information.
Required: Prepare the income statement to show the net income.
Adjustments:a. Insurance Expense $2,674
b. Teaching Supplies Expense = $7,869 ($10,187 - $2,318)
c. Depreciation Expense - Equipment = $10,698
d. Depreciation Expense - Professional Library = $5,349
e. Training Fees = $48,717 ($38,717 + $10,000)
f. Tuition Fees $109,577 (103,924 + $5,653)
g. Salaries Expense $49,307 ($48,907 + $100 x 4)
h. Rent Expense = $24,468 ($22,429 + $2,039)
Thus, the income statement of WTI's Insurance shows a net income of $45,091.
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Max has a net spendable income of $1,700 per month. He has a new job and is looking for a new car. Max is trying to develop a budget for himself. Look at the following budget he has created. Which category should he adjust?
Percent Amount Budgeted Amount Spent Amount Over/Under Budget
Net Spendable Income 100% 1700
1. Housing (30% - 36%) 600
a. Mortgage (rent)
b. Taxes
c. Insurance
d. Electricity
e. Gas
f. Water
g. Telephone
h. Sanitation
i. Other
2. Food (12% - 17%) 320
3. Transportation (15% - 20%) 300
a. Car Payments
b. Gas/Oil
c. Insurance
d. License/Registration
e. Taxes
f. Maintenance/Repair
4. Insurance (3% - 7%)
a. Life
b. Medical
5. Debts (5% - 6%) 150
6. Entertainment (5% - 8%)
7. Clothing (5% - 6%)
8. Savings 5%
9. Medical Expenses (4% - 8%)
a. Doctor
b. Dental
c. Prescriptions
10. Miscellaneous (5% - 10%)
a. Toiletries
b. Beauty/Barber
c. Laundry/Clothing
d. Subscriptions
TOTALS:
A. transportation
B. debts
C. housing
D. food
Answers
Answer:
the answer is 3
Explanation:
4
Answer: food
Max’s food budget is higher than it should be. He should look at finding ways to save money there. While the amount of money spent dealing with debts is higher than it ought to be, Max cannot lower these payments.
Explanation:
From Plato
Identify a service in which they are packaged.
Please give real answers only, 100 points/brainliest/thanks/5-star Rated and more.
Answers
A service which is packaged is a web design package.
What are packaged services?Packaged services refer to those services that are not offered one at a time but are instead offered as a bundle in order to make them more marketable.
There are several services that can be packaged. Indeed, just about any service can be packaged. An example is a web design package offered to people who want their websites to be managed. A web design package could include things like domain name provision, website hosting, email addresses and social media integration.
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a type of business that changes basic inputs into products that are sold to individual customers.
Answers
A manufacturing business is a type of business that changes basic inputs into products that are sold to individual customers. A manufacturing business involves the process of transforming raw materials, components, or parts into finished goods that meet a customer's expectations or specifications.
These businesses use machinery, tools, and labor to produce products that are then sold to individual customers, wholesalers, or other businesses. Manufacturing businesses can produce goods in small or large quantities, depending on their production capabilities and market demands.
Some examples of manufacturing businesses include automobile manufacturers, clothing factories, food processing plants, and electronics production facilities. These businesses contribute significantly to the economy and provide jobs for skilled and unskilled workers. Moreover, manufacturing businesses are essential in meeting consumer needs and demands by providing a wide variety of products to choose from. As a result, these businesses play a crucial role in the global supply chain and contribute to the overall economic growth.
In conclusion, a manufacturing business is the type of business that changes basic inputs into products that are sold to individual customers. These businesses are essential in transforming raw materials into finished goods, providing employment opportunities, and supporting the global economy.
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Because of monopoly, consumers experience___than they do with perfect competition. A. more choices B. larger quantitiesC. higher quality D. higher prices Which statement concerning monopoly is TRUE? A. Monopoly firms are always larger than are perfectly competitive firms. B. A monopoly has no rivals. C. Barriers to entry do not prevent other firms from entering a monopolized industry. D. Monopolists produce more output than does a competitive market with the same demand and cos structure.
Answers
The correct option is D. Because of monopoly, consumers experience higher prices than they do with perfect competition.
Monopoly in business refers to a situation where a single company or entity has complete control over the production and distribution of a particular product or service. This means that there are no viable competitors in the market, and the monopoly holder has the power to set prices and control the supply of the product or service.
Monopolies can arise naturally through superior technology, economies of scale, or other factors that give a company a competitive advantage. However, they can also be the result of anti-competitive practices such as predatory pricing, exclusive contracts, or mergers and acquisitions. Monopolies can have both positive and negative effects on the economy. On the one hand, they can drive innovation and investment in research and development.
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Complete Question:
Because of monopoly, consumers experience___than they do with perfect competition.
A. more choices
B. larger quantities
C. higher quality
D. higher prices
In a deductive argument, when it is possible that the conclusion does not necessarily follow from the premises, the argument is invalid.
True or False
Answers
True. In a deductive argument, if it is possible for the conclusion to not necessarily follow from the premises, then the argument is considered invalid.
A deductive argument aims to provide a logically conclusive relationship between the premises and the conclusion, where if the premises are true, the conclusion must be true as well. This is known as the principle of deductive validity. If there is any scenario or circumstance in which the premises can be true, but the conclusion can still be false, then the argument fails to establish a sound logical connection, and it is considered invalid.
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