While the tactics used to execute marketing plans constantly evolve - for example, the emerging opportunities with digital marketing, artificial intelligence, social media, social influencers and mobile smartphone marketing are new tools still evolving - the strategies that lead to successful marketing plans have remained surprisingly consistent over time

Answers

Answer 1

The above statement is true.Although the approaches used to implement marketing plans are continuously changing, the strategies that lead to effective marketing.

Marketing is the process of identifying, creating, and delivering value to meet a target market's needs in terms of products and serviceshis may involve selecting a target market, running advertising campaigns, taking part in trade shows and public events, designing products and packaging that appeal to consumers, and defining the terms of sale, such as the price, discounts, warranty, and return policy. Marketing is the responsibility of the seller, who is frequently a retailer or manufacturer. On occasion, tasks are contracted.plans have stayed surprisingly similar throughout time (for instance, the emerging opportunities with digital marketing, artificial intelligence, social media, social influencers, and mobile smartphone marketing are new tools still evolving).

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Related Questions

Write a 1-page memo to the CEO. Include each chart (3) and a paragraph per chart. Each paragraph should explain the story of each visualization and explain why visualizations are important.

STEP 2
Income CATEGORIES PERCENTAGE NUMBER
$100,000 to $124,999 8% 2
$125,000 to $149,999 4% 1
$20,000 to $24,999 4% 1
$25,000 to $34,999 29% 7
$35,000 to $49,999 13% 3
$50,000 to $74,999 17% 4
$75,000 to $99,999 21% 5
Decline to answer 4% 1
24
STEP 3
GENDER PERCENTAGE NUMBER
Female 54% 13
Male 46% 11
24

STEP 4
QUESTION RESPONSES PERCENTAGE NUMBER
0 6% 1
2 11% 2
5 28% 5
6 11% 2
7 17% 3
8 11% 2
9 6% 1
10 11% 2
18

Answers

Answer:

[Your Name]

[Your Position]

[Date]

Subject: Insights from our Survey - A Window into the Lives of our Valued Customers

Dear [CEO's Name],

I hope this message finds you well. I wanted to take a moment to share some fascinating insights from the recent survey we conducted among our cherished customer base. To make the data more relatable and easier to grasp, I have transformed the findings into a series of engaging visualizations. These visuals not only bring the data to life but also allow us to truly connect with our customers on a human level. Let's dive into the story behind each visualization and explore why these visual representations are crucial in understanding our customers.

Chart 1: Income Categories - Reflecting the Lives of our Customers

This insightful chart provides a glimpse into the diverse income categories of our survey respondents. As you observe the bars rise and fall, you can visualize the financial landscapes our customers navigate. From the bustling middle-income group, representing 29% of respondents, to the resilient individuals in the $75,000 to $99,999 range, accounting for 21% of participants, we gain an intimate understanding of the financial tapestry that influences their decisions.

By presenting this information in such a humanized manner, we can empathize with the varying needs and aspirations of our customers. This visualization guides us in tailoring our products and services to better address the unique challenges and aspirations of each income segment.

Chart 2: Gender Distribution - Celebrating Diversity and Inclusion

This delightful pie chart celebrates the diversity among our survey participants by highlighting their gender identities. As you glance at the vibrant slices, you witness the vibrant mosaic of our customer base. With 54% of respondents identifying as female and 46% as male, we recognize the importance of inclusivity and strive to ensure our products and services cater to the needs and desires of all genders.

Visualizations like this one allow us to see the human faces behind the data. It reminds us to embrace diversity and equality in our business operations, ensuring that every customer feels heard and valued.

Chart 3: Question Responses - Unveiling Our Customers' Voices

Within this insightful bar chart, we uncover the authentic voices of our customers through their responses to a specific question. The bars rise and fall, revealing the choices they made and their preferences. The most popular response, "5," chosen by 28% of participants, demonstrates the collective sentiment that echoes among our customers. As we observe the varying heights of each bar, we gain a deeper understanding of their thoughts and desires.

Visualizations like this empower us to hear our customers' voices loud and clear. By listening attentively to their responses, we can make informed decisions that resonate with their needs, aspirations, and desires.

In summary, these captivating visualizations humanize our survey data, enabling us to truly connect with our customers and gain invaluable insights. By considering the stories behind each chart, we ensure that our strategies, products, and services align with their lived experiences. Together, we can build lasting relationships, foster inclusivity, and deliver the exceptional experiences our customers deserve.

Thank you for your time and attention. Should you have any questions or require further information, please don't hesitate to reach out.

Warm regards,

[Your Name]

[Your Position]

Explanation:

2. Joe, a bartender, is typically “over” in his cash drawer by two or three dollars each shift. In the past, you have always thought that it is “better to be over than to be short” and have not worried about it. However, after reviewing chapter 12, you recognize that there might be a problem.
Why could this be a problem? What would you do?

Answers

Answer:

It will add up.

Explanation:

Money adds up very fast.

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

Answers

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

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

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

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

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

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

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

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What is Supply Chain?

Answers

Answer:

Hello, I'm here to help you.

Explanation:

Supply Chain: Is a network between a company and its suppliers to produce and distribute a specific product or service.

The areas of academic study are called

Answers

Answer:

Academic Focus Areas are related majors that are grouped together because they share a foundation of common course requirements and recommendations. At most institutions, every program of study will fit into one of a limited number (five to seven, generally) of Academic Focus Areas.

An academic discipline or field of study is known as a branch of knowledge.

Explanation:

Answer: Branches of knowledge

Happy to help; have a great day! :)

what are some spending areas the might be prioritized by people , yet shouldnt be ?

Answers

Answer:Generosity first (even if it is time and support rather than money)

Mortgage/Rent (payment, insurance, utilities)

Groceries (not dining out)

Protective clothing.

Required prescriptions and medical procedures.

Utilities.

Emergency savings.

Explanation:

3. Compare the costs and benefits of low- versus high-risk investments. Then, explain what
diversification is and how it offers a balanced alternative to these two types of investments.

WILL MARK BRAINLIEST I NEED ASAP !

Answers

Low-risk investments such as government bonds and savings accounts offer stability and security but have lower returns. High-risk investments such as stocks and mutual funds offer higher potential returns but come with a higher risk of loss. Diversification is a strategy that involves spreading investments across different asset classes, industries, and geographies to reduce risk exposure and potentially increase returns. It offers a balanced alternative to low- and high-risk investments by reducing the risk of significant losses if one investment underperforms.

What is the cost and benefit of low-risk to high-risk investment

Low-risk investments typically offer lower returns but also come with a lower chance of losing money. These types of investments include government bonds, savings accounts, and other similar investments that are considered to be relatively stable. The main benefit of low-risk investments is that they provide a safe place to park your money without risking significant losses.

On the other hand, high-risk investments such as stocks, mutual funds, and real estate have the potential to offer higher returns, but also come with a higher chance of losing money. These types of investments are typically more volatile and subject to market fluctuations, which can result in significant losses. The main benefit of high-risk investments is that they offer the potential for greater returns over the long term.

Diversification is a strategy that involves spreading your investments across a range of asset classes, industries, and geographies. By diversifying your investments, you can reduce your overall risk exposure and potentially increase your returns over the long term. The idea behind diversification is that if one investment performs poorly, the losses will be offset by gains in other investments.

For example, if you invest all of your money in a single stock and that stock performs poorly, you stand to lose a significant amount of money. However, if you diversify your investments across a range of stocks, bonds, real estate, and other asset classes, you reduce the risk of significant losses if one investment underperforms.

In summary, low-risk investments offer stability and security, while high-risk investments offer the potential for higher returns but come with a higher chance of loss. Diversification is a strategy that can help you achieve a balanced approach to investing by spreading your investments across a range of asset classes and reducing your overall risk exposure.

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Using the information provided, analyze the affects of Lawry Lawn Service's transactions on the accounting equation.

May 1 Received $3,400 and issued common stock
May 3 Purchased a mower on account, $1,600
May 5 Performed lawn services for client on account $1,000
May 17 Paid $100 cash for gas used in mower.
May 28 Paid cash dividends of $700

Analyze the events chronologically, one transaction at a time. Beginning with the transaction on May 3rd, calculate the balance in each account after analyzing the effect of the transaction on the accounting equation.

Answers

Answer:

Common Stock $3,400 (credit)

Mower $1,600 (debit)

Revenue Service $1,000 (credit)

Cash $2,600 (debit)

Gas Expense    $100 (debit)

Dividends $0

Explanation:

See below the posting i have done to the ledger accounts.

Mower T - Account

Debit :

Accounts Payable       $1,600

Credit :

Balance c/d                 $1,600

Revenue Service T - Account

Debit :

Balance c/d                 $1,000

Credit :

Account Receivable   $1,000

Cash T - Account

Debit :

Common Stock         $3,400

Credit :

Gas Expense                 $100

Dividends                     $700

Balance c/d                $2,600

Gas Expense T - Account

Debit :

Cash                                $100

Credit :

Balance c/d                    $100

Dividends - T Account

Debit :

Shareholders for dividends    $700

Credit :

Cash                                         $700

Privott, Inc., manufactures and sells two products: Product Z9 and Product N0. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
Estimated Expected Activity
Activity Overhead
Measures Cost Product Z9 Product N0 Total
Labor-related DLHs $328,018 6,800 3,400 10,200
Product testing tests 47,747 600 700 1,300
Order size MHs 473,108 4,400 4,700 9,100
$848,873
The activity rate for the Labor-Related activity cost pool under activity-based costing is closest to:______.
a. $28.88 per DLH.
b. $48.81 per DLH.
c. $53.94 per DLH.
d. $431.44 per DLH.

Answers

Answer:

Privott, Inc.

The activity rate for the Labor-Related activity cost pool under activity-based costing is closest to:______.

$32.16

Explanation:

a) Data and Calculations:

                                        Estimated                   Expected Activity

                      Activity      Overhead

                     Measures     Cost            Product Z9      Product N0       Total

Labor-related     DLHs      $328,018           6,800             3,400          10,200

Product testing  tests           47,747              600                 700            1,300

Order size          MHs         473,108            4,400              4,700           9,100

                                        $848,873

The activity rate for the Labor-Related activity cost pool:

= Labor Overhead Cost divided by Total Direct Labor Hours

= $328,018/10,200

= $32.16

Select the correct answer from each drop-down menu.
Choose the correct business reason from the options provided.
Johanna and her business partners have just purchased the NBA franchise in her hometown. The team's performance has been average and attendance is starting to decline
First, she would need new sources of revenue in order to rebuild the team roster. Since she is facing declining ticket sales, the opportunities for
be limited Under the terms of the purchase, the sellers retired the name of the stadium, which had been named after the person who built it. Johanna sees an immediate
Raising ticket prices may
opportunity in selling the stadium naming rights

Answers

The correct business reason for Johanna to consider would be to sell the stadium naming rights. Johanna and her business partners have just purchased the NBA franchise in her hometown.  This means that Johanna would need new sources of revenue to rebuild the team roster and turn the situation around. The correct answer will be to sell the stadium naming rights

Since she is facing declining ticket sales, the opportunities for revenue generation would be limited. This is where selling the stadium naming rights could be a lucrative opportunity for Johanna. The terms of the purchase state that the sellers retired the name of the stadium, which had been named after the person who built it. Therefore, there is an immediate opportunity for Johanna to sell the stadium naming rights.

By selling the stadium naming rights, Johanna would be able to generate new sources of revenue, which could be invested in rebuilding the team roster and improving the team's performance. Additionally, this move could also help in increasing the team's brand visibility and fan engagement. However, it is important for Johanna to carefully evaluate the potential revenue generated from this move against the potential backlash from the fans who may not be happy with the change in the stadium's name. The correct answer will be to sell the stadium naming rights

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You want to buy a house within 3 years, and you are currently saving for the down payment.
You plan to save $5000 at the end of the first year, and you anticipate that your annual savings
will increase by 10 % annually thereafter. Your expected annual return is 7%. How much would
you have for a down payment at the end of year 3?

Answers

You would have $17,081.69 for a down payment at the compounded end of year 3.

Assuming that you save at the end of each year and your expected annual return is 7%, your total savings at the end of year 3 can be calculated using the following formula:

A = \(P(1 +\frac{r}{n})^{(n*t)}\)

Where:

A = Total amount after t years

P = Principal amount

r = Annual interest rate

n = Number of times interest is compounded per year

t = Time period in years

Savings at end of year 3 = (Savings at end of year 1 x (1 + 7%)²) + (Savings at end of year 1 x (1 + 10%) x (1 + 7%)) + (Savings at end of year 1 x (1 + 10%)² x (1 + 7%))

Plugging in the numbers, we get:

Savings at end of year 3 = ($5000 x 1.07²) + ($5000 x 1.10 x 1.07) + ($5000 x 1.10² x 1.07) = $17,081.69

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An economy produces 10 cookies in year 1 at a price of $2 per cookie and 12 cookies in year 2 at a price of $3 per cookie. From year 1 to year 2, real GDP increases by

Answers

From year 1 to year 2,  the real GDP of the economy increases by 20%.

What is real GDP?

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year.

Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation. It reflects the value of goods and services produced in an economy.

What is the increase in real GDP?

GDP in year 1 = 10 x $2 = 20

Real GDP in year 2 using year 1 prices as base price = 12 x $2 = $24

Increase in real GDP = (24 / 20) - 1 = 20%

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Which of the following is not a global economic forum of nations?
G-8
O G650
+ 5
G-20

Answers

Answer:

c

Explanation:

answer is c

1. If the two totals of a trial balance are equal, does it mean that there are no errors in the accounting records? Explain

2. Assume that when a purchase of supplies of $2,650 for cash was recorded, both the debit and the credit were journalized and posted as $2,560. (a) Would this error cause the trial balance to be out of balance? (b) Would the trial balance be out of balance if the $2,650 entry had been journalized correctly but the credit to Cash had been posted as $2,560?

Answers

1. If the two totals of a trial balance are equal, it does not mean that the accounting records are free of errors.

2a) The error of commission cannot cause the trial balance to be out of balance.

2b) If the $2,650 entry had been journalized correctly but the credit to the Cash had been posted as $2,560, the trial balance would not balance because another account was debited with $2,650.

What are the errors that do not affect the trial balance?

The errors that do not affect the trial balance or cause it to be out of balance include:

Errors of principleErrors of original entryErrors of omissionErrors of commissionCompensating errors.

A trial balance will be out of balance if an error is made on one side of the ledger.

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what attributes are in a good landing experience

Answers

Answer:

Relevant and original content, Easy to navigate, Transparent about the client's business are the attributes that describe a good landing page experience. A good landing page experience means that users can quickly find the necessary information, and the provided materials are useful.

Explanation:

Mr. Liu turns 65 on June 19. He has never previously qualified for Medicare so his first Medicare eligibility date will be by June 1. Mr. Liu’s ICEP and Part D IEP begin March 1 and end on September 30. He wants prescription drug coverage with his Part A and Part B benefits. What advice c
an you provide him?

Answers

The advice that you can provide for him is for Mr Liu to enroll in MA-PD.

What is  prescription drug coverage?

Prescription drug coverage can be defined as the coverage that help to cover  prescription drug of the person under the plan.

Based on the given scenario he should enroll in a MA-PD which full meaning is Medicare Advantage Prescription Drug so long as he enrolls in Part B and he is entitled to Part A.

Therefore The advice that you can provide for him is for Mr Liu to enroll in MA-PD.

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50 POINTS AND BRAINLIEST IF CORRECT!!!!

50 POINTS AND BRAINLIEST IF CORRECT!!!!

Answers

Answer:

C. $1600

Explanation:

You own $400 dollars worth of the company which is your asset/property. In addition, supposedly you're going to use that $1200 loan and invest that into the company as well, increasing your asset.

$1200 + $400 = $1600.

Answer:

The correct answer is (c) $1600. The balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time. When you invest $400 of your own money into the company and receive a loan of $1200 from the bank, the total value of your assets would be $1600, which is the sum of your investment and the loan.

The balance sheet is used to assess the financial health of a company by comparing its assets to its liabilities and equity. Assets represent the resources that a company owns or controls, such as cash, inventory, and property. Liabilities are obligations that a company owes to others, such as loans and accounts payable. Equity represents the residual interest in the assets of a company after liabilities have been settled.

In this case, your investment of $400 would be recorded as equity on the balance sheet, and the loan from the bank would be recorded as a liability. The total value of your assets would be $1600, which is the sum of your equity and the liability.

There are assumptions that currently and in the past alcohol and cigarettes advertisements were responsible for a very large percentage of sports bill boards in Namibia. What explanation can you offer for why these products are used to dominate the sports bill boards medium. Discuss with clear examples

Answers

Answer:

The advertisements make both drinking and smoking appear like casual and ordinary activities. The adverts function as a superpower by negligibly pressuring sports prayers and fans to consume alcohol and cigarettes. For instance, the adverts have messages to encourage viewers to us beer and switch to become champions like a winning football club.

Explanation:

Example of a market for a good or service that is not rely on a physical store or location 

Answers

An example of a market for a good or service that does not rely on a physical store or location is the online marketplace. With the advent of the internet and e-commerce platforms, businesses and individuals can sell products and services entirely online without the need for a brick-and-mortar store.

Online marketplaces, such as Amazon, eBay, and Alibaba, provide a platform where buyers and sellers can connect and conduct transactions electronically. These platforms enable businesses to showcase their products, provide detailed descriptions, and facilitate secure online payments. Customers can browse through a wide range of products, compare prices, read reviews, and make purchases from the comfort of their own homes.

The online marketplace has revolutionized various industries, including retail, entertainment, travel, and professional services. It allows businesses to reach a global customer base, operate 24/7, and reduce overhead costs associated with physical stores. Additionally, it provides convenience for consumers, who can shop anytime, anywhere, and have products delivered to their doorstep.

Overall, the online marketplace has transformed the way goods and services are bought and sold, offering a virtual alternative to traditional physical stores and locations.

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Which of the following statements is true for a perfectly competitive firm but NOT true for a monopoly?

a) The firm's price is equal to its average revenue.
b) The firm cannot affect the market price for its good.
c) It is difficult for other firms to enter the industry.
d) The demand for the firm's product is unit elastic.
e) The firm must lower its price in order to sell more of its product.

Answers

The statement that is true for a perfectly competitive firm but not true for a monopoly is the firm cannot affect the market price for its good. (option b)

What is a perfect competition and a monopoly?

A perfect competition is when there are numerous buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into a perfectly competitive firm. The demand for the firm's product is perfectly elastic.

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. The demand curve is downward sloping. it sets the price for its goods and services. An example of a monopoly is a utility company

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Option E. The answer that is true for the perfectly competitive firm but NOT true for a monopoly is The firm must lower its price in order to sell more of its product.

What is meant by the monopoly?

A scenario known as monopoly occurs when there is only one seller in the market. The monopoly case is viewed as the polar opposite of perfect competition in conventional economic analysis. The industry's downward-sloping demand curve is, by definition, the demand curve that the monopolist faces.

a market arrangement in which there is just one seller and only one type of goods available. As the only vendor of the goods with no viable alternatives, the seller in a monopoly market has no rivals.

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The brand changes form part of a strategic plan the group conceived in September last year called Ekuseni (the Zulu word for “dawn”)”
“Pick n Pay and its new CEO are taking the fight to competitors in a strategy..”
“Pick n Pay yesterday launched a new strategic plan…”
Evaluate the proposed strategy that Pick n Pay is planning to implement, including in your evaluation, the potential risks attached to the proposed new strategy

Answers

Pick n Pay's proposed strategy, known as Ekuseni, aims to implement changes in their brand and take the fight to competitors. The strategy, conceived in September last year, focuses on strategic planning and was launched recently. While the strategy holds potential for success, there are risks associated with its implementation.

1. Pick n Pay's proposed strategy, called Ekuseni, includes changes to their brand and a competitive approach to rivals. This strategic plan was conceived in September last year, with the term Ekuseni referring to "dawn" in Zulu.

2. The strategy aims to revamp the brand image and position Pick n Pay as a strong competitor in the market. By taking the fight to competitors, the company intends to gain a competitive edge and attract more customers.

3. The launch of the new strategic plan indicates that Pick n Pay is committed to implementing this strategy and achieving its goals. It demonstrates the company's intention to adapt and stay relevant in the evolving market.

4. However, like any strategic plan, there are potential risks associated with its implementation. These risks include customer resistance to changes in the brand, increased competition from rivals, and potential financial strains due to the cost of rebranding and marketing efforts.

5. Customer resistance is a common risk when brands undergo significant changes. If the proposed strategy doesn't resonate with Pick n Pay's target market, it could lead to a decline in customer loyalty and affect sales.

6. Additionally, taking the fight to competitors may trigger retaliatory actions from rival companies. This could result in intensified competition, price wars, and potential market share loss for Pick n Pay.

7. Finally, implementing a new strategic plan involves financial investments. The cost of rebranding, marketing campaigns, and operational changes may strain the company's resources, potentially impacting its financial stability.

In conclusion, while Pick n Pay's proposed strategy holds promise for the company's growth and competitiveness, there are risks involved. Proper planning, market research, and effective execution will be crucial to mitigating these risks and ensuring the success of the strategy.

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Susan Pinsky's checking account had a balance of $137.66. She wrote a check for $23.62 on September 3. On September 7, the bank made an automatic transfer (AT) of $25.41 to pay her phone bill. She made a deposit of $146.24 on September 12. What is the new balance Pinsky's account?

Answers

Answer:

$234.87

Explanation:

Pinky's new balance will be the opening balance plus additional. Deposits minus withdrawals. The new balance will be the starting balance plus cash-in minus the cash-out.

Starting balance =$137.66

Cash-in:  $146.24

Cash-out :  check $23.62 + (AT) of $25.41 =$49.03

New balance = $137.66 + $146.24 - $49.03

=$283.9- 49.03

=$234.8

what are the challenges associated with not being ‘tech savvy’ in 2023?

Answers

As the world keeps advancing technologically, being tech-savvy becomes increasingly important. However, not being tech-savvy in 2023 may pose a lot of challenges. Some of these challenges are :Job Market, Learning,Communication,Security.

Job Market: In 2023, there will be more tech-based jobs than there currently are. Being not tech-savvy would make it difficult for an individual to secure employment in such sectors. This means that those who are not tech-savvy would be limited to jobs that require no technical skills.Learning: Due to the increased importance of technology, those who are not tech-savvy would find it challenging to learn new things. This means that they would be unable to benefit from new technology, apps, and software that are released in the market. They may also face difficulties while navigating technology-based environments.Communication: In 2023, communication will be more technology-driven than ever before. Those who are not tech-savvy may find it challenging to communicate with others effectively. This may lead to miscommunication and misunderstandings which could impact personal and professional relationships.Security: Cybersecurity is a significant concern in today's world. Not being tech-savvy could make it difficult for an individual to secure their information, devices, and accounts. This could lead to loss of data, identity theft, and other forms of cybercrime.

In conclusion, being tech-savvy in 2023 is essential to success, as the world will be driven by technology. Those who do not embrace technology may find themselves limited in terms of employment opportunities, communication, and personal security.

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Amber’s starting salary for her new job will be $35,500 a year. How much will she pay to the Social Security system for her first year assuming total FICA withholdings of 7.65%?

Answers

Answer:

I dont know the answer but I want whatever job she has

The NYSE is an example of a(n) _______________ exchange while NASDAQ is an example of a(an) __________________ market. Organized; over-the-counter Broker; dealer Electronic; private Private; public

Answers

Considering the functions and operations of the organizations, The NYSE is an example of a(n) Organized exchange while NASDAQ is an example of a(an) Over the Counter market.

NYSE is an acronym for the New York Stock Exchange. It is generally considered the most significant capital market in the world, with over $30 trillion. Its stock market is deemed to be stable. It is also known as a designated market.

On the other hand, NASDAQ is an acronym for National Association of Securities Dealers Automated Quotations. However, its stock market is considered to be volatile. It is also a dealer market

Hence, in this case, it is concluded that the correct answer is option A. "Organized; over-the-counter."

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Lecture Questions
Question 1
The Baker Company manufactures a product in a single process. The following information is
available:
Input material 5,000 kilos valued at $18,000
Material added $4,000
Direct labour cost incurred $14,000
Manufacturing overhead incurred $20,500
Normal losses 10% of input
Scrap value of losses $5.00 per unit
Units completed and transferred out 4,300 units
i) Calculate the cost per completed unit
ii) What is the value of the units completed and transferred to finished goods?
iii) What is the value of the unexpected losses?
iv) What is the manufacturer’s true loss?
v) Prepare the journal entries necessary to record the assignment of direct materials and
direct labour and the allocation of manufacturing overhead to the process. Also, give
the journal entries for the transfer of units completed to Finished Goods Inventory.

Answers

The following are the questions' answers:

$12.56 is the price per finished product.$54,008 is the total cost of finished and transferred units.Losses at scrap value equal $1,000.The real loss to the manufacturer is $5,280.

What precisely are anticipated and unanticipated losses?

The amount a bank anticipates losing when offering credit to its customers on average over a predetermined time period is known as the expected loss. Unexpected loss is the term used to describe how unpredictable credit losses are in comparison to their forecasted loss. After estimating its expected loss, a bank sets up credit reserves.

i) Calculate the cost per completed unit:

To calculate the cost per finished unit, we must first calculate the total cost of production and divide it by the number of finished units.

Total cost of production = Input material cost + Material added + Direct labour cost + manufacturing costs

= $18,000 + $4,000 + $14,000 + $20,500

= $56,500

Normal loss = 10% of input = 0.10 * 5,000 kilos = 500 kilos

Actual completed units = Total input units - Normal loss units = 5,000 - 500 = 4,500 kilos

Cost per completed unit = Total production expense / actual finished products

= $56,500 / 4,500

= $12.56

ii)

Value of finished and transferred units = Total number of finished and transferred units X Price per finished item

= 4,300 * $12.56

= $54,008

iii)

Given that the real number of finished units is 4,500 and the typical loss is 10% of input, the actual loss is 200 kg. (5,000 input units - 4,300 completed and transferred out - 500 normal loss units).

Scrap value of losses = 200 units X $5.00 per unit

= $1,000

iv)

real loss to the manufacturer = (Normal losses X Cost per completed (unit)) - Scrap value of unexpected losses

= (500 units * $12.56) - $1,000

= $6,280 - $1,000

= $5,280

v)

Choosing a direct material:

Work in Process Inventory- (dr.)                      $22,000

Raw Materials Inventory                                                   $22,000

Providing direct labor:

Work in Process Inventory- (dr.)                      $14,000

Wages Payable                                                                   $14,000

Cost of manufacturing overhead distribution:

Work in Process Inventory- (dr.)                       $20,500

Manufacturing Overhead                                                     $20,500

Transfer of finished units to the Inventory of Finished Goods:

Finished Goods Inventory- (dr.)                        $54,008

Work in Process Inventory                                                    $54,008

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Imagine that you wanted to specialize in working with senior citizens. What special needs might this group have? What kind of skills would you acquire if you specialized in this demographic? What kind of location would work well for this population?

Answers

The needs of senior citizens would require the ability of those who can handle geriatrics.

Why is this so?

There are special health conditions that come with those who are geriatrics or senior citizens.

This is because, as people age, the body no longer can repair it'self like before and becomes more frail, hence the need for more care.

So working with this kind of population will require skills such as:

Emergency resuscitationSpecial Nutrition etc.

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Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year.

Cash Receipts Cash Disbursements
January $525,000 $475,000
February 400,000 350,000
March 450,000 525,000

Kayak requires a minimum cash balance of $30,000 at each month-end. Loans taken to meet this requirement charge 1% interest per month, paid at each month-end. The interest is computed based on the beginning balance of the loan for the month. Any preliminary cash balance above $30,000 is used to repay loans at month-end. The company has a cash balance of $30,000 and a loan balance of $60,000 at January 1.

Required:
Prepare monthly cash budgets for each of the first three months of next year.

Answers

The preparation of the cash budget for the first three months of next year for Kayak Company is as follows:

Kayak Company's Cash Budget

                                                             January        February        March

Beginning balance                              $30,000       $30,000      $69,294

Cash receipts                                      525,000       400,000      450,000

Total cash available                         $555,000     $430,000     $519,294

Cash disbursements                         (475,000)     (350,000)     (525,000)

Cash balance                                     $80,000       $80,000        ($5,706)

Minimum required balance             (30,0000)     (30,0000)       (30,000)

Loan interest                                           (600)              (106)

Cash available for loan repayment $49,400       $49,894

Beginning Loan balance                  (60,000)      ($10,600)

Loan taken                                                                                    $35,706

Ending Loan balance                      ($10,600)         $0              ($35,706)

Excess cash available                       $0               $39,294

Total Ending Cash                          $30,000       $69,294        $30,000

What is a cash budget?

A cash budget is a management financial statement that shows the cash inflows (receipts) and cash outflows (payments) within a financial period.  It is usually prepared in advance to help managers make important cash planning decisions.

Data and Calculations:

             Cash Receipts    Cash Disbursements

January     $525,000                $475,000

February     400,000                  350,000

March          450,000                 525,000

Thus, the preparation of Kayak Company's cash budget will guide the managers with cash decisions.

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If you benefit from an action you've taken, that means it must have been unethical.
Responses

True
False

Answers

The statement "If you benefit from an action you've taken, that means it must have been unethical" is false.

The statement that if you benefit from an action you've taken, it must have been unethical is not necessarily true. Ethics refers to the principles of right and wrong conduct, and whether an action is considered ethical or not depends on various factors, such as the intention behind the action, the consequences it brings, and the ethical frameworks or standards used to evaluate it.

It is possible for an action to be both beneficial and ethical. Many actions that benefit individuals or society at large can also align with ethical principles. For example, donating money to a charitable organization can be both beneficial in terms of helping those in need and ethical in terms of promoting fairness, compassion, and social welfare.

On the other hand, it is also possible for actions that benefit someone to be unethical. For instance, if someone gains personal advantage by deceiving or harming others, their benefit would be unethical because it comes at the expense of others' well-being or violates ethical principles such as honesty, fairness, or respect for others.

In summary, the relationship between benefit and ethics is not a direct correlation. While it is possible for actions to be both beneficial and ethical, it is also possible for actions to be unethical even if they result in personal benefit. Ethical evaluations require considering a broader perspective and assessing the underlying principles and consequences of the action, rather than simply focusing on personal gain.

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teegan is in college and trying to decide her major for a bachelor’s degree. she wants to work in manufacturing. which job requires a bachelors degree?

repair technician
production worker
purchasing agent
filling machine operator

Answers

Answer:

purchasing agent is the right answer

Teenager in college who want to work in manufacturing that requires a bachelors degree will be a purchasing agent.

Who is purchasing agent ?

Purchasing agent is in charge of administration in a company or firm they are involved with purchased.

This individual can buy goods in his or her country to send to foreigners who are not resident in the country.

Therefore, Teenager in college who want to work in manufacturing that requires a bachelors degree will be a purchasing agent.

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