Zainab, is the Customer Service Manager at WestComm Corporation. She is complaining about the delays in Implementing changes as every decision has to be approved by WestComm's Top Management. Specify WestComm's type of distribution of power. [Explanation is not required] Use the editor to format your answer
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WestComm Corporation has a centralized distribution of power.
In a centralized distribution of power, decision-making authority and control are concentrated at the top level of the organization, typically with top management or a central authority figure. In WestComm Corporation, the complaint raised by Zainab about delays in implementing changes due to the need for approval from top management indicates that decision-making power is centralized. This means that important decisions, including those related to changes in the organization, are made by top management, and lower-level employees like Zainab have limited autonomy in decision-making processes.
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Related Questions
what type of renewability guarantees premium rates and renewability
Answers
Renewable term life insurance guarantees premium rates and renewability. This type of insurance offers a fixed premium rate for a specified term, typically 10, 20, or 30 years, and allows policyholders to renew their coverage at the end of each term without undergoing a medical examination or providing evidence of insurability.
Renewable term life insurance provides flexibility and security for policyholders. The premiums are initially set at a level based on the insured individual's age, health, and other factors at the time of purchase. These premiums remain constant throughout the specified term, regardless of any changes in the insured's health or lifestyle.
At the end of the term, the policyholder has the option to renew the coverage for another term, usually at a higher premium rate based on their current age. This renewable feature ensures that individuals can continue their life insurance protection even if their health deteriorates or if they develop any medical conditions that may make it difficult to obtain coverage elsewhere.
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The type of renewability that guarantees premium rates and renewability is called Guaranteed Renewable. It ensures that an insurance policy can be renewed without adjusting the premium rates based on health or claims. It provides long-term coverage and is commonly found in life insurance, health insurance, and long-term care insurance.
Explanation:The type of renewability that guarantees premium rates and renewability is called Guaranteed Renewable. This type of renewability ensures that an insurance policy can be renewed at the discretion of the policyholder, without any adjustments to the premium rates based on the individual's health status or claim history. It provides long-term coverage and peace of mind for the insured.
For example, in health insurance, a guaranteed renewable policy will continue to provide coverage as long as the insured pays the premiums, regardless of any changes in their health condition or any past claims.
Guaranteed renewable policies are commonly found in life insurance, health insurance, and long-term care insurance.
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I am wanting to get into the photographer business. I was wondering if anyone knows what good cameras I should buy at first and when still in high school?
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And the price is not that bad
Hope this helps
lean manufacturing focuses on reducing the time, cost, and poor quality in processes. true false
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The answer for the statement ''lean manufacturing focuses on reducing the time, cost, and poor quality in processes'' is True.
Lean manufacturing is a systematic approach to identifying and eliminating waste, non-value-added activities, and improving overall efficiency in the production process. This is achieved by analyzing each step in the process and applying continuous improvement techniques.
The main goal of lean manufacturing is to create a streamlined workflow, improve productivity, and ultimately deliver higher-quality products to the customer while minimizing cost and time spent on production.
By eliminating waste and focusing on value-added activities, lean manufacturing enables businesses to become more competitive and successful in their industries.
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What is the term for a contract agreement in which an offeror promises to pay after the occurrence of a specified act, and the offeree is not required to respond in words?.
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The term of such contract agreement where an offeror promises to pay after the occurrence of a specified act is called: unilateral contract.
What is a Unilateral Contract?A unilateral contract can be defined as a contract agreement whereby an offeror is obligated to pay only after a specified act has been fulfilled by the offeree.
For example, "I will pay you $2,500 if you bring my car from Texas all the way to Cleveland". The specified act that must be fulfilled before I pay is for you to bring my car. That is the acceptance.
Therefore, the term of such contract agreement where an offeror promises to pay after the occurrence of a specified act is called: unilateral contract.
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Which factor of production is she working toward?
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Lois is working toward the factor of production known as capital.
Which factor of production is Lois working toward in her new business venture?In her new business venture, Lois is focused on raising funds which aligns with the factor of production called capital. Capital refers to the financial resources, equipment, and infrastructure that are used in the production process.
By seeking funds, Lois aims to acquire the necessary capital to start and operate her business successfully. These funds can be used to purchase machinery, raw materials, technology, and other assets required for her business activities.
Full question:
Lois is planning to raise funds for her new business venture. Which factor of production is she working toward?
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Rivalry among competing sellers increases whenMultiple Choicea. buyer demand is growing slowly or declining.b. the rivals face low exit barriers.c. buyer costs to switch brands are high.d. the firms in the industry have low fixed costs.e. the firms in the industry have low storage costs.
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When buyer demand is growing slowly or declining, there is increased rivalry among competing sellers because they are all trying to gain a larger share of a smaller market. This leads to increased competition and potentially lower prices as sellers try to attract more buyers. The correct answer is A. Buyer demand is growing slowly or declining.
In contrast, when buyer demand is growing rapidly, there is less rivalry among competing sellers because there is enough demand to support multiple sellers. This can lead to higher prices as sellers are able to charge more due to the high demand.
Therefore, rivalry among competing sellers increases when buyer demand is growing slowly or declining.
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electronic brainstorming is a more convenient process, but it generates fewer ideas than the traditional brainstorming process. true or false
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The given statement "electronic brainstorming is a more convenient process, but it generates fewer ideas than the traditional brainstorming process" is a false statement. Electronic brainstorming generates more ideas than traditional brainstorming.
Brainstorming is the process of generating a large number of ideas to find a solution to a problem. It is a technique used by groups to generate as many ideas as possible, usually for a particular task or project. There are two types of brainstorming: traditional brainstorming and electronic brainstorming.
Traditional brainstorming is a technique that involves a group of people meeting in a room to share ideas and opinions on a particular topic. During this process, participants can suggest as many ideas as possible without any evaluation or criticism. Each idea is written down on a piece of paper for later analysis.
Electronic brainstorming, also known as e-brainstorming, is a process where a group of individuals come together virtually to brainstorm ideas through the use of computers and the internet.
This method is more convenient than traditional brainstorming because it allows participants from different locations to participate in the process without having to be in the same room.Electronic brainstorming, facilitated by technology tools and platforms, can actually enhance the idea generation process by allowing for simultaneous contributions from multiple participants, regardless of their physical location. This can result in a higher quantity of ideas compared to traditional brainstorming methods, where only one person speaks at a time. Additionally, electronic brainstorming can provide anonymity, which can encourage more diverse and creative contributions from participants who may feel hesitant to speak up in a face-to-face setting. Therefore, electronic brainstorming has the potential to generate a larger number of ideas compared to traditional brainstorming.Learn more about brainstorming here:-
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Which of the following groups experienced the greatest gain in political respectability due to the economic and social troubles of the Great Depression?
Leftist parties such as the Socialists
Lack of economic diversification
Heavy use of credit and debt
Reduced demand for exports
Economic inequality
Answers
The leftist parties such as the Socialists experienced the greatest gain in political respectability due to the economic and social troubles of the Great Depression. Option A is correct.
The Great Depression was a period of widespread economic hardship that had profound social and political implications. One of the consequences was a shift in political attitudes towards leftist parties such as the Socialists, who advocated for greater government intervention in the economy and more support for workers and the unemployed.
This was in contrast to the laissez-faire approach favored by many conservatives, which was blamed for exacerbating the crisis. As the crisis deepened, many people turned to leftist parties as a viable alternative, and their policies gained greater respectability. This trend was particularly pronounced in countries with strong labor movements, where leftist parties were already well-established and had the support of large segments of the population.
Option A holds true.
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6. Toxic stress-such as extreme poverty, maternal depression, severe neglect, or exposure to
violence- are childhood experiences that can undermine the developing brain.
(1 Point)
O adverse
O cephalocaudal
O cognitive
O cortisol
O development
o infants
O maturation
O neurons
physical
O plasticity
O preschoolers
O proximodistal
O Social Emotional
O synapses
O toddlers
O window of opportunity
Answers
Answer:Adverse
Explanation:Search it up
A restaurant worker earns a set amount per hour from their employer. They also receive tips from customers. Their earnings most closely resemble those of which of the following? a. An employee working on straight commission b. An employee working on commission plus salary c. An employee working on a piece-rate basis d. An employee working on a fixed salary Please select the best answer from the choices provided A B C D.
Answers
The restaurant worker's earnings closely resemble that of an employee working on commission plus salary.
What is commission?Commission is additional compensation that's earned based on job performance.
It is an extra payment that is accrued during the course of work and are paid in addition to a base salary.
Hence, the restaurant worker's earnings closely resemble that of an employee working on commission plus salary.
Therefore, option D is the correct answer.
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In connection with your examination of the financial statements of Reymen Inc. for the year ended December 31 , you post-balance sheet date audit procedures disclosed the following items: 1. January 7: The funds for a $52,000 loan to the corporation made by Bob Klinsman on May 18 were obtained by him with a loan on his personal life insurance policy. The loan was recorded in the account "Loan payable to officers." The source of the funds obtained by Reymen was not disclosed in the company records. 2. January 11: The mineral content of a shipment of ore en route on December 31 was determined to be 80 percent. The shipment was recorded at year end at an estimated content of 50 percent by a debit to "Raw material inventory" and a credit to "Accounts payable" in the amount of $41,250. The final liability to the vendor is based on the actual mineral content of the shipment. 3. January 31: As a result of reduced sales, production was curtailed in mid-January and some workers were laid off. On February 5 , all the remaining workers went on strike. To date, the strike is unsettled. 4. February 21: A contract was signed whereby Kaya Enterprises purchased from Reymen Inc. all of its capital assets, inventories, and the right to conduct business under the name "Reymen Inc. Division." The transfer's effective date will be March 1. The sale price was, $930,000. estion Completion Status: shipment was recorded at year end at an estimated content of 50 percent by a debit to "Raw material inventory" ar credit to "Accounts payable" in the amount of $41,250. The final liability to the vendor is based on the actual mint content of the shipment. 3. January 31: As a result of reduced sales, production was curtailed in mid-January and some workers were laid off. O February 5, all the remaining workers went on strike. To date, the strike is unsettled. 4. February 21: A contract was signed whereby Kaya Enterprises purchased from Reymen Inc. all of its capital assets, inventories, and the right to conduct business under the name "Reymen Inc. Division." The transfer's êffective date will be March 1 . The sale price was $930,000. Required Assume that the above items came to your attention prior to completion of your audit work on February 28 . For each of the above items, discuss the disclosure that you would recommend for the item.
Answers
Important items that require disclosure are loan obtained by an officer, a discrepancy in the recorded mineral content of a shipment, a production curtailment and strike, and business rights to another company.
For the first item, it is recommended to disclose the source of the funds obtained by Reymen for the loan payable to officers. This disclosure will provide transparency regarding the nature of the loan and its impact on the company's financial position.
Regarding the second item, it is necessary to disclose the adjustment in the recorded mineral content of the shipment and the resulting impact on the liability to the vendor. This disclosure ensures accurate reporting of the actual liability based on the final mineral content determination.
For the third item, the disclosure should highlight the production curtailment and the ongoing strike by workers. This information is important for users of the financial statements to understand the potential impact on the company's operations, financial performance, and future prospects.
Lastly, the sale of assets and business rights to Kaya Enterprises should be disclosed. This disclosure will provide information about the transaction, including the sale price and the effective date of the transfer, allowing stakeholders to assess the implications of this significant event on Reymen Inc.'s financial position and future operations.
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Shepherds company. Manufactures two types of shoes sneakers and boots .Each sneakers requires 2 direct labor hours and boots require 1.5 direct labor hours.The overhead rate. Per direct hour is $2 .Direct materials for sneakers and boots is $15-$20 .Respectivelay.The total unit cost for each product.
Answers
The question is incomplete. The complete question is :
Shepherd Company manufactures two types of shoes - sneakers and boots. Each sneaker requires 2 direct labor hours and boots require 1.5 direct labor hours. The overhead rate per direct labor hour is $2. Direct materials for sneakers and boots is $15 and $20, respectively. Direct labor for sneakers and boots is $5 and $7, respectively. The total unit cost for each product is:
Solution :
The total unit cost for a product = direct materials cost + direct labor cost + overhead cost
The total unit cost for the sneakers and the boots are :
Particulars Sneakers Boots
Direct material cost $15 $20
Direct labor cost $5 $7
Overhead cost $4 $3
Total unit cost $24 $30
The overhead rate per direct labor hour is $2
So, the overhead cost per unit of :
Sneakers : 2 hours at the rate $2 per hour = $4
Boots : 1.5 hours at the rate of $2 per hour = $3
Hence the answer is : total unit cost = Sneakers: $24; Boots: $30
Suppose that a flower nursery benefits from having a colony of bees located only a few miles away, because the presence of the insects greatly improves flower pollination. Lawyers for the two companies meet to draft a legal document specifying the number of bee hives the farm promises to maintain in exchange for payments to be made by the nursery. Which of the following private solutions resolving the externality of pollination took place in this scenario? Moral codes and social sanctions Contracts Integration of different types of businesses through merger or ac Charities
Answers
Contracts bind parties to their stated obligations by utilizing clear language to enable each party to understand its obligations in a deal, particularly in terms of payment and deadlines.
Define a Contract.As it is specified that both parties signed a legal instrument in the presence of attorneys with details on the payment terms, a contract serves as the private solution to the externality of pollination. Contracts bind parties to their stated obligations by utilizing clear language to enable each party to understand its obligations in a deal, particularly in terms of payment and deadlines. Additionally, contracts serve as insurance for both parties in the event that one party breaches an agreement and is subject to legal action.
The Coase theorem, which states that private individuals can only resolve the issues caused by externalities on their own when the interested parties can bargain without cost over the allocation of resources, states that private solutions to externalities sometimes do not work, especially when communications barriers or social customs are important enough relative to the potential gains involved. When this occurs, the private market will assist in addressing the issue of externalities and effectively allocating resources.
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homework libABC Inc. uses a machine that can produce 95 cranks per hour. The firm operates 9 hours per day, six days per week. Due to regularly scheduled preventive maintenance, the firm expects the machine to be running during approximately 90% of the available time. Based on experience with other products, the firm expects to achieve an efficiency level for the cranks of 80%. What is the expected weekly output of cranks for this company
Answers
The expected weekly cranks output should be 3,693.60.
The following formula should be applied:
= Number of cranks produced per hour × number of hours operated per day × number of days per week × expected machine running percentage × efficiency level
= 95 × 9 × 6 × 90% × 80%
= 3,693.60
Therefore we can conclude that The expected weekly cranks output should be 3,693.60.
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how did keynes describe the relationship between labor, capital, and inventory during the great depression?
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During the Great Depression, John Maynard Keynes described the relationship between labor, capital, and inventory.
The description of this relationship was based on his theory, which he called "General Theory of Employment, Interest, and Money."According to Keynes, a decrease in aggregate demand was the cause of economic downturns, leading to unemployment. The decline in aggregate demand was caused by a decrease in investment, which led to a decrease in the number of workers needed. This decline led to a decrease in income and consumption, which led to a further decrease in investment, thus creating a vicious cycle. Keynes believed that the government could break this cycle by investing in public works and thus increasing the demand for labor, capital, and inventory. Keynes believed that this increase in demand would create a virtuous cycle of investment, income, and consumption, leading to economic growth.Keynes' theory of economics was one of the most influential of the twentieth century. It helped to shape the policies of many governments, including the United States and Great Britain, during the Great Depression and beyond. In the United States, the New Deal was based on Keynesian principles, and in Great Britain, Keynes' ideas were influential in the establishment of the welfare state.
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In addition to saving money, what are some other ways you can show financial responsibility?
Answers
Answer:
you could start a savings a acount or a 401k plan to help with future problems or you could save for a new car.
Explanation:
Set financial goals. Take a few minutes to set some money goals.
Educate yourself. Financial savvy is not something you're born with.
Make a budget.
Save money.
Learn about employment benefits.
Establish a credit profile.
Avoid expensive debt.
An annuity pays $100 at the end of each quarter for ten years. The payments are made directly to a savings account with a nominal interest rate of4.85% payable monthly. The payments are left in the account. Find the effective interest rate for a quarter and use it to compute the balance in the savings account immediately after the last payment.
Answers
The effective interest rate for quarter = 40 and the balance after the last payment = $5,114.04
Nominal interest rate :
The nominal interest rate is the interest rate advertised by banks, bond issuers, and investment firms for loans and various investments. This is the interest rate paid or earned to the lender or investor. A nominal interest rate or nominal interest rate is one of two different things: interest rate before adjusting for inflation; or for interest rates "as stated" without adjusting for the full effect of compounding
Calculating last payment :Monthly rate = 0.0485/12 = 0.0040
Quarterly rate = (1+0.0485/12)³ -1
= 0.012174
= 1.2174%
Number of quarters = 10 × 4 = 40
PMT =100
The balance after last payment =FV(rate,nper,pmt) in excel excel
=FV(0.012174,40,100)
= $5,114.04
What is the effective interest rate?
APR is the real rate of return on a savings account or interest-bearing investment after factoring in the effect of compounding interest over time. It also reflects the real interest rate on loans, credit cards, or other liabilities.
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If tax rates decrease as income falls, the tax structure is
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Regressive taxes are those with tax rates that lower as income rises.
What are tax rates?
The term "tax rates" refers to a progressive tax rate system, in which the amount of tax owed rises as taxable income for an individual or company does.
Regressive taxes are those in which the average tax burden reduces as income increases. Middle- and high-income taxpayers bear a disproportionately large fraction of the tax burden, compared to low-income taxpayers, who bear a negligible amount.
Hence, the significance of the tax rates is aforementioned.
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What is the main function of a business?
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Diana's gross pay was $890 and her total deductions were $89. What is her net pay?
Answers
Explanation:
Greetings !
Diana's gross payment - Her deductions = Her net payment.
Thus, $890-$89=801$=Net payment of Diana.
Hope it heps!
Do you think it is true that one person can make a difference? Why or why not?
Answers
A ripple effect that, over time, can actually impact thousands over generations.
A broadening effect since one person influences many, like multiplying tree branches.
So, yes.
in setting price standards for materials and labor, question 3 options: the purchasing department must consider discounts, freight, and quality. personnel must consider payroll taxes, fringe benefits, and qualifications. it is the joint responsibility of operations, purchasing, personnel, and accounting. all of these. none of these.
Answers
- It is the joint responsibility of operations, purchasing, personnel, and accounting.
- The purchasing department must consider discounts, freight, and quality.
- Personnel must consider payroll taxes, fringe benefits, and qualifications.
What is tax?A tax is a compulsory financial burden or other obligation imposed on a taxpayer (individual or corporate) by a governmental organization to fund the government and various public expenditures (local, local, or national). A type of levy, tax compliance refers to the intended policies and actions of individuals. Ensure taxpayers pay the right amount of tax at the right time and receive the right tax credits and relief. The first known taxation took place in ancient Egypt around 3000-2800 BC. Late payments (violations) and tax evasion or refusal are subject to penalties. Taxes consist of direct or indirect taxes and can be paid in cash or in labor equivalents.
- It is the joint responsibility of operations, purchasing, personnel, and accounting.
- The purchasing department must consider discounts, freight, and quality.
- Personnel must consider payroll taxes, fringe benefits, and qualifications.
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Question in picture.
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The marginal physical product of labor is Group of answer choices the slope of the total output curve at the relevant point. the negative of the slope of the total output curve at the relevant point. the slope of the line connecting the origin with the relevant point on the total output curve. the negative of the slope of the line connecting the origin with the relevant point on the total output curve.
Answers
Answer:
The slope of the total output curve at the relevant point.
Explanation:
A marginal physical product can be defined as the extra output which is being generated by using an extra input. This ultimately implies that, marginal physical product of labor refers to the change in the level of output that is generated from using an additional unit of labor.
Mathematically, marginal physical product of labor is given by the formula;
Marginal physical product of labor = ΔY/ΔL
Where, ΔY is the change in total physical output.
ΔL is the change in labor.
In the short run, when the number of workers are increased it would result in a diminishing marginal product with respect to the law of diminishing marginal returns.
The marginal physical product of labor is the slope of the total output curve at the relevant point.
For instance, if brainly producing 50 answers decides to employ one more tutor and is then able to produce 55 answers, the marginal physical product of labor is simply 5.
a perpetual record that is updated each time materials are purchased and each time materials are issued for use in production is called a(n): multiple choice materials ledger card. purchase ledger. materials requisition. materials voucher. purchase order.
Answers
A Materials ledger card is a perpetual record of a raw materials item that stores data on the number and cost of units acquired, units issued for use in production, and units that remain in the raw materials inventory.
What is a Materials Ledger Card?
Raw material units passing through a warehouse are manually recorded on a materials ledger card. The card includes a running total of the quantity of each sort of inventory that is currently in stock. To make sure there are enough raw materials on hand to support planned production activities, materials ledger cards are helpful for keeping track of the on-hand balance of each type of raw material. The cards are also used to keep track of how much each raw material is utilised, which can help determine when and how much to buy in the future. In the event that missing unit cases are investigated, the cards can serve as a baseline record of utilisation levels.Computerized warehouse management systems do not use materials ledger cards.To know more about Material ledger card visit:
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On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.
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Complete Question:
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720
Journalize the first interest payment and the amortization of the related bond discount using the Straight line method
Answer:
Kindly check Explanation
Explanation:
Given the following :
Face value of bond issued = $1,450,000
Cash received on Issuance = $1,408,720
Number of Interest payment on bond = 5 × 2 = 10(semiannual)
Therefore, discount on bond :
$(1,450,000 - 1,408,720) = $41,280
Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)
Discount / period
$41,280 / 10 = $4,128
Interest expense a/c Dr $40,378
To discount on bond payable a/c Cr $4128
To cash a/c $36,250
A railwya has an operating ratio of 78%. If uts operating revenue were for $ 4.6 B for 205what were its operating expenses
Answers
Answer:
Its operating expenses were $ 3.588 B
Explanation:
The operating ratio is the ratio of operating expense to the operating or revenue generated.
This ratio is used for comparison of results from the operations of various industries.
Given that the operating ratio of 78% and the operating revenue is $4.6B, the operating expense T may be computed as
78% = T/4.6 * 100%
T = 4.6 *.78
= $3.588 B
Provide a detailed plan, including actual dollar amounts, for Selena to wisely use the extra $300 per month from her raise. For each part of the plan, briefly describe why you're making this choice. NEED ANSWER ASAP
Answers
Selena's Budget plan for $300 to be in order: pay debt from $150 if any, put $50 in the emergency fund, buy necessary item/service <= $50 needed for a long time, visit park/fun/landmark/beach/casual place <= $50.
What is a budget?It should be noted that a budget simply means the financial estimate of the income and expenditure of an individual or an organization.
The purpose of the budget is to establish financial objectives with the monitoring and measurement of results, enabling better decision-making.
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Which of the following best explains the cause-and-effect relationships portrayed by the Balanced Scorecard? Multiple Choice Improvements in the Process perspective leads to improvements in the Learning & Growth perspective. Improvements in the Learning & Growth and Customer perspectives lead to improvements in the Process perspective. Improvements in areas related to Customer and Process perspectives lead to improvements in the Financial perspective. Improvements in the Financial and Process perspectives lead to improvements in the Customer perspective.
Answers
Answer:
Improvements in areas related to Customer and Process Perspectives lead to improvements in the Financial Perspective.
Explanation:
A balance scorecard can be defined as a performance metrics used for measuring and assessing the quality of performance of a company.
Generally, the four (4) performance metrics of a balance scorecard includes the following; customer, learning and growth, internal business processes, and financial.
Hence, a balance scorecard should be used to determine whether or not the operations of a business is in synchronization with its vision statement and values.
Typically, improvements in areas related to Customer and Process Perspectives lead to improvements in the Financial Perspective best explains the cause-and-effect relationships portrayed by the Balanced Scorecard.
Cause and effect can be defined as the relationship between two things or events in which an occurrence of one (cause) leads to the occurrence of another (effect).
Which industry are entrepreneurs drawn to because the industry offers the highest return on time invested and appeals to the talent and innovation that many small enterprises typify?
Answers
Entrepreneurs are drawn to the services industry to open their new businesses because this industry offers the highest return on time invested and appeals to the talent and innovation that many small enterprises typify.
An entrepreneur is an individual who creates a brand new business, bearing most of the risks and playing a maximum of the rewards. The method of setting up a business is referred to as entrepreneurship. The entrepreneur is normally seen as an innovator, a supply of new thoughts, goods, offerings, and commercial enterprise/or processes.
Examples of entrepreneurs encompass invoice Gates, Steve Jobs, Mark Zuckerberg, Pierre Omidyar, Arianna Huffington, and Caterina fake. important traits of hit entrepreneurs consist of threat taking, creativity, initiative, hassle fixing, organizational capabilities, conversation, and independence.
A study by means of American explicit OPEN determined that extra than half of the entrepreneurs surveyed were paying themselves a full-time revenue, and typically making $ 68,000 a yr. That variety rises and falls from 12 months to year, however, hovers around $70,000.
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