What is the sticker price for a vehicle with the following features and costs: suggested retail price of $15,250, destination charge of $359, equipped with AC, tinted window, and a custom sound system for $800, $210, and $490, respectively
Answers
The sticker price for the vehicle with the given features and costs is $17,109. This amount represents the total cost a buyer would pay for this vehicle with the specified features, excluding taxes, registration fees, and other associated costs.
The sticker price of a vehicle is the total cost that includes the manufacturer's suggested retail price (MSRP), destination charge, and additional features. In this case, the MSRP is $15,250, and the destination charge is $359.
The vehicle also has optional features such as air conditioning (AC) for $800, tinted windows for $210, and a custom sound system for $490.
To calculate the sticker price, add up all these costs:
Sticker Price = MSRP + Destination Charge + AC + Tinted Windows + Custom Sound System
Sticker Price = $15,250 + $359 + $800 + $210 + $490 = $17109
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Related Questions
Mason Milling grinds calcined alumina to a standard granular size. The mill produces two different size products from the same raw material. Regular Grind can be produced at a rate of 10,000 pounds per hour and has a demand of 400 tons per week with a price per ton of $900. Super Grind can be produced at a rate of 6,000 pounds per hour and has a demand 200 tons per week with a price of $1,900 per ton. A minimum of 700 tons has to be ground every week to make room in the raw material storage bins for previously purchased incoming raw material by rail. The mill operates 24/7 for a total of 168 hours/week. How many tons of each product must be produced each week to maximize revenue? (hint: be careful with units in this problem, ton, ton per week, ton per hour).
Answers
The mill should produce 700 tons of super grind and 0 tons of regular grind every week to maximize revenue.
The main aim of the problem is to find out the number of tons of each product that has to be produced per week to maximize revenue.
The regular grind is produced at a rate of 10,000 pounds per hour and has a demand of 400 tons per week with a price per ton of $900.The super grind is produced at a rate of 6,000 pounds per hour and has a demand of 200 tons per week with a price per ton of $1,900.To make room for the incoming raw materials, a minimum of 700 tons has to be ground every week.
According to the given conditions, we need to find out how many tons of each product should be produced per week to maximize the revenue.
Let the number of tons of regular grind be x. Let the number of tons of super grind be y.
Since a minimum of 700 tons has to be ground every week, the equation becomes:
x+y ≥ 700
The regular grind is produced at a rate of 10,000 pounds per hour and has a demand of 400 tons per week. Hence, we get:10,000x / 2,000 = 400x = 80/3 tons per hour
The super grind is produced at a rate of 6,000 pounds per hour and has a demand of 200 tons per week. Hence, we get:
6,000y / 2,000 = 200y = 100/3 tons per hour
Since the mill operates 24/7 for a total of 168 hours/week, the number of hours the mill operates to produce regular grind is given by:
80/3 * h ≤ 10,000
h ≤ 750
The number of hours the mill operates to produce super grind is given by:
100/3 * k ≤ 6,000k ≤ 1800/100 = 18
The total revenue generated can be given by:
R = 900x + 1900y
The problem is to maximize revenue. We can use linear programming to solve this problem:
Maximize R = 900x + 1900ysubject to:
x + y ≥ 70080/3x + 100/3y ≤ 168x ≤ 750y ≤ 18x ≥ 0, y ≥ 0
The feasible region is shown below:
graph{y≤-0.8x+168y≥0x≥0x+y≥700y≤18}
The vertices of the feasible region are (0, 700), (750, 0), and (522, 178).
We evaluate R at these points to see which one gives the maximum value of R.
R(0, 700) = 900(0) + 1900(700) = 1,330,000
R(750, 0) = 900(750) + 1900(0) = 675,000
R(522, 178) = 900(522) + 1900(178) = 938,800
Therefore, the maximum revenue is $1,330,000 when the mill produces 700 tons of super grind and 0 tons of regular grind.
Therefore, the mill should produce 700 tons of super grind and 0 tons of regular grind every week to maximize revenue.
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Body glove’s social media managers have been creating a series of lifestyle videos that highlight the benefits of physical fitness and yoga through its ""create happiness"" campaign. ________ allows customers to become subscribers to ensure they never miss a new posting.
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Body glove’s social media managers have been creating a series of lifestyle videos that highlight the benefits of physical fitness and yoga through its "create happiness" campaign. You-tube allows customers to become subscribers to ensure they never miss a new posting.
Social media managers are people that generally responsible for developing strategies to improve brand awareness and reputation. They do that by producing content, creating (as well as overseeing) social campaigns, engaging with online followers, and overall creating an active social media presence.
To achieve that, they use social media. The social media that use videos and allows customers to become a subscriber on their platform is You-tube.
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A customer has made multiple purchases of a stock at different dates. If the customer sells a portion of the position, the customer's cost basis is reported by the broker-dealer on:
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If a customer makes multiple purchases of a stock at different dates and sells a portion of the position, the customer's cost basis is reported by the broker-dealer on Form 1099-B. Form 1099-B is a tax form that a brokerage firm or mutual fund company provides to investors at the end of the year.
The 1099-B Form must be filed with the Internal Revenue Service (IRS) and it reports gains and losses from the sale of stocks, bonds, mutual funds, and other securities.The form 1099-B shows the customer’s proceeds from the sale of a stock along with the cost basis. The broker-dealer is required to report the proceeds of the transaction and cost basis on the 1099-B form. The cost basis information is reported for all sales of securities (including mutual fund shares) that are covered by the cost basis regulations. These regulations require that the cost basis of securities be reported to the IRS.Therefore, the broker-dealer is responsible for reporting the cost basis to the Internal Revenue Service (IRS) when a customer sells a portion of the stock. The customer can then use this information to calculate capital gains or losses on their tax return.
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Who is mr. wolfshiem? question 4 options: he is the owner of gatsby's favorite restaurant in new york. he secretly arranged to have a member of the mob murdered outside the restaurant. he is jordan baker's coach and manager. he thinks jordan is spending too much time with nick and not enough on her golf. he is a racketeer and a business associate of gatsby's. he fixed the 1919 world series. he is the president of the company where nick is working. he wants to bring gatsby in on a new real estate deal.
Answers
Mr. Wolfshiem is secretly arranged to have a member of the mob murdered outside the restaurant. Therefore, option B is correct.
Who is Mr. Wolfshiem ?Wolfsheim is a dubious individual, having connections to the underworld of commerce. He gives Nick the sense that Gatsby's money may have an unsavory origin, and that Gatsby may even be connected to the same type of organized crime that Wolfsheim is.
Wolfsheim informs Nick that Gatsby is a "Oggsford" man and a "Oggsford gentleman" who is "extremely careful with women" while Gatsby is absent from the table. Gatsby is the "sort of man you'd like to take home and introduce to your mother and sister," according to Wolfsheim.
Thus, option B is correct.
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In ____, each datagram can follow one of many paths to reach its destination.A) line switching
B) data switching
C) circuit switching
D) packet switching
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The correct answer is D) packet switching. In packet switching, data is transmitted in the form of packets or datagrams, which are units of data that contain both the sender and receiver's address information.
Each datagram can follow one of many paths to reach its destination, and the network dynamically routes packets based on the availability of network resources and the congestion levels of various network links.
Packet switching is the dominant method of data transmission in modern computer networks, including the Internet. It offers many advantages over other types of switching, including improved efficiency, greater flexibility, and better scalability.
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How does the financial market impact the economy?
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Financial markets help to efficiently direct the flow of savings and investment in the economy in ways that facilitate the accumulation of capital and the production of goods and services.
The needs of borrowers and lenders are met by the combination of well-established financial markets and institutions as well as a wide range of financial products and instruments, which benefits the economy as a whole.
Investors can specialize in specific industries or services, diversify their risks, or do both thanks to financial markets (like those that trade stocks or bonds), instruments (including bank CDs, futures, and derivatives), and institutions (like banks, insurance companies, mutual funds, and pension funds). Financial markets and financial institutions, collectively contribute to economic growth; nevertheless, the relative proportion of the two does not seem to be a significant determinant in growth.
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PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Jake has a taco truck but has recently expressed a desire to take more time off. He hires Emmy to cover the truck three days a week. Emmy is an example of which economic resource?
capital
labor
entrepreneurial ability
Answers
Answer:
lol it's labor kid
Explanation:
$*
Answer:
The correct answer is B. Labor
Explanation:
I got this correct on Plato!
what is the term for a crm that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site?
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User experience is the term for a CRM that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site. Option C
What is User experience?Generally, The term "user experience" describes how a product, application, system, or service makes the user feel. It is a general phrase that may refer to anything, including how easily a user can navigate a product, how simple it is to use, how pertinent the shown material is, etc.
A CRM that monitors the kind of sale that is most likely to prompt a consumer to buy an item that they have previously seen on an e-commerce site is known as a user experience CRM.
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CQ
What is the term for a CRM that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site?
Variability
Product or service measurement
User experience
Product development
8. Based on current dividend yields and expected capital gains, the expected rates of return on portfolios A and B are 12% and 16%, respectively. The beta of A is 0.7, while that of Bis 1.4. The T-bill rate is currently 5%, whereas the expected rate of return of the S&P 500 index is 13%. The standard deviation of portfolio A is 12% annually, that of B is 31%, and that of the S&P 500 index is 18%. (LO 18-2)
a. If you currently hold a market-index portfolio, would you choose to add either of these portfolios to your holdings? Explain.
b. If instead you could invest only in T-bills and one of these portfolios, which would you choose?
Answers
a. If you currently hold a market index portfolio, you should choose to add portfolio B to your holdings rather than portfolio A because the expected rate of return on portfolio B is 16%, which is higher than the expected rate of return on portfolio A, which is 12%.
Since beta measures a portfolio's systematic risk or volatility compared to the market portfolio, a higher beta indicates higher systematic risk or volatility. Since Portfolio B has a higher beta (1.4) than Portfolio A (0.7), this is consistent with Portfolio B being more volatile than Portfolio A.
However, portfolio B's higher expected return of 16% may be adequate to compensate for this additional risk. As a result, portfolio B provides a higher rate of return with a higher degree of risk.
b. If you can only invest in T-bills and one of these portfolios, you should choose portfolio A because it has a lower standard deviation of 12% compared to portfolio B's 31%, which makes it less volatile and more stable.
The expected rate of return on portfolio A is 12%, which is greater than the T-bill rate of 5%. As a result, portfolio A has a higher expected return, but it also has lower risk and volatility, making it a safer and more stable choice than Portfolio B.
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you learn about different tools and techniques companies use to provide consumers with information about their products and services. use what you learned to explain how technology and media affect the families make about purchasing products and services. Provide at least three examples.
Answers
Explanation:
The internet has revolutionized the relationship between companies and consumers. Currently, the majority of the population has a cell phone that impacted communication and accessibility. Therefore, companies had to adapt and build new strategies for prospecting and retaining customers through insertion in social media, using active relationship marketing that seeks to engage and generate value for their potential audience through social media, in addition to selling online. to make the experience easier for the consumer.
The online presence of companies is able to offer significant advantages to the consumer, such as a greater discount on products offered online, since companies pass on the reduction of fixed costs with a physical store to the prices offered in an online environment.
Laker Company reported the following January purchases and sales data for its only product. The Company uses a perpetual inventory system For specific identification, ending inventory consists of 240 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 160 units $ 8.50 $ 1,360 January 10 Sales 120 unit $17.50 January 20 Purchase 300 units 5.7.50 January 25 120 units January 240 units $7.00 1,630 Totals 500 units $ 3,790 240 units 750 Sales Purchase The Company uses a periodic Inventory system For specific identification, ending inventory consists of 240 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory. Determine the cost assigned to ending Inventory and to cost of goods sold using a specific identification, (b) weighted average (FIFO, and (UFO Complete this question by entering your answers in the tabs below. Weighted Specific Id FIFO LIFO Average Determine the cast assigned to ending inventory and to cost of goods sold using specific identification, For specific identification, ending Inventory consists o January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods of units of units Cost per # of units in Available for Cost of Goods Cost per unit Ending Sate sold unit Sold ending Inventory Inventory Beginning inventory Purchases January 20 January 30 Total Cost per uni Weighted Average >
Answers
The cost assigned to the ending inventory is $1,945, and the cost of goods sold is $2,145 using the weighted average method.
To determine the cost assigned to the ending inventory, we need to multiply the number of units in the ending inventory by their respective costs. Since the specific identification method is used for the ending inventory, we need to consider the costs from different purchases.
January 30 purchase: 230 units * $7.50 = $1,725
January 20 purchase: 5 units * $8.00 = $40
Beginning inventory: 20 units * $9.00 = $180
Cost assigned to the ending inventory = $1,725 + $40 + $180 = $1,945
Calculate the cost of goods sold:
Cost of goods sold = Total cost of goods available for sale - Cost assigned to the ending inventory
Cost of goods sold = $4,090 - $1,945 = $2,145
Therefore, the cost assigned to the ending inventory is $1,945, and the cost of goods sold using the weighted average method is $2,145.
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are the factors or parameters that are the major drivers of quality within an organization or process. select one: a. critical to customer characteristics b. critical to quality characteristics c. quality characteristics d. quality requirements
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Option (b), The elements or metrics that are the primary motivators of quality within a company or process are crucial to quality characteristics.
What is quality control's primary objective?Before a product is made available to the public, quality control in the food business seeks to find flaws in it. A group of procedures known as "quality control" are used to ensure the high caliber of products and are aimed at identifying manufacturing faults.
The primary objective of quality is what?Increasing the final product's and manufacturing process quality is the main goal of a quality management system. In such a system, the three main objectives of quality control are to boost production efficiency, cultivate customer loyalty, and improve product quality and decrease risks.
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An initial deposit of $5000 is put into an account that earns 4% interest, compounded annually. Each year, an additional deposit of $5000 is added to the account. What is the value of the account after the tenth deposit if no withdrawals or additional deposits are made
Answers
Answer:
$60,030.54
Explanation:
Suppose the United States can produce either 90 apples and 20 oranges or 80 apples and 30 oranges. What is the opportunity cost of producing 1 apple?
Answers
Answer: The opportunity cost of producing 1 apple will be 1 orange.
Explanation:
Opportunity cost is defined as the loss or cost of another alternative when another alternative is being chosen by an economic agent.
In this scenario, the opportunity cost of producing every additional apple will be 1 orange due to the fact that as there's an increase in the production of apple from 80 to 90, there'll be a reduction in the production of orange from 30 to 20.
This indicates that for the increase of 10 apples, there's a reduction of 10 oranges which implies that an increase of 1 apple brings about a reduction by 1 orange.
all of the following aspects are central to servant leadership except:
A. Helping others whenever possible
B. Listening to others
C. Placing self-interest before anything else.
• D. Inspiring through trust
• E. Working toward feasible goals
Answers
The central tenet of servant leadership is to put others first and to work for the common good. Therefore, placing self-interest before anything else is not central to servant leadership.
Instead, servant leaders focus on helping others whenever possible, listening to others, inspiring through trust, and working towards feasible goals. These aspects are essential for servant leadership because they prioritize the needs of the team over the individual. Servant leaders understand that by serving others, they create a culture of trust, collaboration, and respect. In turn, this culture enables teams to achieve goals that benefit the entire organization, not just one person's self-interest.
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An employer can refuse to hire you if you refuse a drug screening test or background check.
Answers
Answer:yes
Explanation:
Answer:
true
Explanation:
Price $
190
|↑
110
89
A
D
$2
S1
Q millions of barrels
www.economicshelp org
What is the new equilibrium price for this product after the supply curve shift?
O 110
O 190
08
Answers
A price is the quantity of payment or compensation given by one party to another in return for goods or services.
What is the meaning of Price?A price is the sum of money that one party pays or receives in exchange for another's goods or services. The cost of production may go by another name in some circumstances. If a product is classified as a "good" in a commercial exchange, its price is most likely to be referred to as such.
Price simply refers to the value you fork out to get goods or services. It is not the same as the word cost. Cost is the total sum of the inputs used to produce a good, while value is the amount that goods or services are worth to the buyer.
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write five advantages of multinational company
Answers
Answer:
1. Outsourcing
2. Economies of scale
3. Tax avoidance
4. Employment of skilled labour
5. Wider consumer base
In order to send out emails to potential customers, you will need:
a target market
b the available market
c a customer database
d a viral market
Answers
Answer:
I think the answer is C.
Explanation:
I dont know
What is the amount that shareholders contribute in exchange for a company’s shares known as, and where is it located on the balance sheet?
The amount that shareholder’s contribute in exchange for a company’s shares is known as _____, and this amount is listed in the balance sheet as a part of _____.
Answers
The amount that shareholder's contribute in exchange for a company's shares is known as Capital, and this amount is listed in the balance sheet as a part of Liability.
Capital- It represents the total amount of money that shareholders have invested in exchange for their ownership of the company’s shares. Paid-up capital is typically raised through the issuance of shares or by transferring additional funds into the company’s capital reserves. It forms an essential part of a company’s equity and financial structure.
Liability- Capital is categorized as a liability in the balance sheet because it signifies the owners’ ownership interest and their claim on the company’s assets. Placing it under liabilities emphasizes that it represents funds provided by the owners and ensures the balance sheet equation is maintained (assets = liabilities + equity).
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The amount that shareholder’s contribute in exchange for a company’s shares is known as "Capital Stock", and this amount is listed in the balance sheet as a part of "Shareholders' Equity"
Explanation:
Capital Stock, also referred to as share capital or share equity, represents the total value of shares issued by a company and owned by its shareholders. It represents the initial investment made by shareholders in exchange for ownership rights and represents their proportional ownership in the company.
Stockholders' equity, also known as 'shareholders' equity or 'owners' equity', is a section on a company's balance sheet showing the remaining portion of the company's assets after deducting its liabilities. It represents the ownership claim that the company's shareholders have on the company's assets.
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Nonessential purchases that satisfy consumer wants are discretionary. *
True
False
Answers
Answer:True
Explanation:
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Advertising Age annually compiles a list of the 100 companies that spend the most on advertising. Consumer-goods company Procter & Gamble has often topped the list, spending billions of dollars annually (Advertising Age website, March 12, 2013). Con- sider the data found in the DATAfile named Advertising. It contains annual advertising expenditures for a sample of 20 companies in the automotive sector and 20 companies in the department store sector. What is the mean advertising spent for each sector? What is the standard deviation for each sector? What is the range of advertising spent for each sector? What is the interquartile range for each sector? Based on this sample and your answers to parts (a) to (d), comment on any differences in the advertising spending in the automotive companies versus the department store companies.
Answers
Using the appropriate statistical relationship, the mean, range and Interquartile range for the advertisement spending of the two companies are worked out below.
Automotive:
598, 1512, 1573, 1642, 1714, 1720, 1781, 1798, 1813, 2008, 2014, 2024, 2058, 2166, 2202, 2254, 2366, 2526, 2531, 2901
Department :
448, 472, 474, 573, 589, 597, 598, 622, 629, 669, 706, 714, 746, 760, 782, 824, 840, 856, 947, 1011
Recall :
Sample mean = ΣX/n
n = sample size1.)
Mean for Automotive = 39201 / 20 = 1960.05
Mean for Department = 13857 / 20 = 692.85
2.)
Range = Maximum - MinimumRange for Automotive = 2901 - 598 = 2303
Range for Department = 1011 - 448 = 563
3.)
Interquartile Range = Upper - Lower quartileAutomotive :
Upper quartile(Q3) = 0.75(21) = 15.75th term = 2228
Lower quartile (Q1) = 0.25(21) = 5.25th term = 1717
Interquartile Range = 2228 - 1717 = 511
Department :
Upper quartile(Q3) = 0.75(21) = 15.75th term = 803
Lower quartile (Q1) = 0.25(21) = 5.25th term = 593
Interquartile Range = 893 - 593 = 210
4.)
Comparing the spread of the spending between the companies, the average spending by the Automotive company is higher with a greater level of spread.
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A river barge company can offer cheaper, although slower, per-pound transportation of products to companies when compared with transportation by air, truck, or rail. The river barge company should first target customers whose companies use:
Answers
Answer:
the cost leadership strategy.
Explanation:
A river barge company can offer cheaper, although slower, per-pound transportation of products to companies when compared with transportation by air, truck, or rail. The river barge company should first target customers whose companies use the cost leadership strategy.
A cost leadership strategy is a business strategy which is aimed at using the lowest cost of production and operation in a business.
Hence, river barge company cheaper, although slower, per-pound transportation as against the use of air, truck, or rail which would be more expensive.
Many People Have Suggested That OSHA Penalties Are Too Weak And Misdirected (Aimed At Employers Rather Than Employees) To Have Any Significant Impact On Employee Safety. Do You Think That OSHA-Related Sanctions Need To Be Strengthened, Or Are Existing Penalties Sufficient? How Effective Are The OSHA Policies And Standards In Your Own Company Or A Company
Many people have suggested that OSHA penalties are too weak and misdirected (aimed at employers rather than employees) to have any significant impact on employee safety.
Do you think that OSHA-related sanctions need to be strengthened, or are existing penalties sufficient?
How effective are the OSHA policies and standards in your own company or a company where you have worked previously? Provide any accident data you may have.
Answers
OSHA penalties and their effectiveness. Many people argue that OSHA penalties should be strengthened to have a greater impact on employee safety.
They believe that existing penalties are too weak and that more robust sanctions would serve as a stronger deterrent for noncompliant employers. OSHA policies and standards are designed to promote workplace safety and protect employees from hazards. The effectiveness of these policies and standards can vary depending on how well they are implemented and enforced within each individual company. Accurate accident data and specific evaluations would be needed to assess the effectiveness of OSHA policies in a particular organization.
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Teague & Mark, LLP's bank statement for March 31, showed a cash balance of $2,730.
The company's Cash account in its general ledger showed a $863 debit balance. The following information was also available as of March 31st.
a. A check for $100 was returned as NSF by the bank. The bank charged a returned check $25 processing fee.
b. The March 31st cash receipts of $3,428 were placed in the night drop box after the bank closed.
c. A $15 debit memo for checks printed by the bank was included with the canceled checks.
d. Outstanding checks amounted to $2,565.
e. A customer's note for $1,500 was collected by the bank and a collection fee of $25 was deducted.
f. A check for $325 which was drawn on another company was included with the canceled checks.
1. Prepare a bank reconciliation as of March 31st.
2. Prepare adjusting entries.
Answers
1. The quantity demanded of good A increases by 5 percent when the price of good B rises by 10 percent and other things remain the same. Are goods A and B complements or substitutes? Describe how the demand for good A changes and calculate the cross elasticity of demand. (10Marks)
2. When income rises by 5 percent and other things remain the same, the quantity demanded of good C increases by 1 percent. Is good C a normal good or an inferior good? Describe how the demand for good C changes and calculate the income elasticity of demand for good C. (10Marks) [Total 20 Marks]
Answers
1. Goods A and B are substitutes. When the price of good B rises by 10 percent and other things remain the same, the quantity demanded of good A increases by 5 percent. This indicates that consumers are switching from good B to good A due to the higher price of good B. The cross elasticity of demand is calculated as follows:
Cross elasticity of demand = (Percentage change in quantity demanded of good A) / (Percentage change in price of good B) = (5%) / (10%) = 0.5
A positive cross elasticity of demand indicates that goods A and B are substitutes.
2. Good C is a normal good. When income rises by 5 percent and other things remain the same, the quantity demanded of good C increases by 1 percent. This shows that as income increases, the demand for good C also increases. The income elasticity of demand for good C is calculated as follows:
Income elasticity of demand = (Percentage change in quantity demanded of good C) / (Percentage change in income) = (1%) / (5%) = 0.2
A positive income elasticity of demand indicates that good C is a normal good.
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The chart shows a combined supply and demand schedule.
A 3-column table has 5 rows. The first column is labeled Price per Pair of Running Shoes with entries 45 dollars, 75 dollars, 100 dollars, 125 dollars, and 150 dollars. The second column is labeled Quantity Demanded with entries 100, 80, 60, 40, 20. The third column is labeled Quantity Supplied with entries 40, 50, 60, 70, 80.
According to this table, what will happen when the price of a pair of shoes rises from $100 to $125?
The cost to make a pair of shoes will rise.
A scarcity of shoes will result.
Profits from selling shoes will increase.
Consumers will want to buy fewer pairs of shoes
Answers
Answer:
Consumers will want to buy fewer pairs of shoes
Explanation:
On the statement of cash flows, the investing activities section would include a.cash paid for retirement of bonds payable b.cash received from the issuance of capital stock c.cash paid for dividends d.cash received from the sale of investments
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why would you need to analyze uour competition before commercializing a new product?
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A competitor research seeks to fill a market gap by identifying your competitors' advantages and disadvantages in comparison product to your own. A competition analysis is essential since it will demonstrate how to strengthen your own business plan.
By performing competition research, you can learn more about the factors that influence customers' decisions to buy from you as opposed to your rivals. Eventually, you can utilise this to improve your own marketing campaigns. identifying market gaps It supports the creation of strategies and the study of competitors product. Knowing how your existing and potential consumers perceive the competition is one benefit of performing a competitive analysis.
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