Changing the business task involves defining a new question or problem to be solved.
What is involved in changing business tasks?The process of changing the business task involves these steps:
Assessment of what needs changingPreparation of the business for changeExecution of the changes.It has been discovered that during the assessment step, customers and competitors should be coopted so that the results of data analysis can be properly verified.
Thus, changing the business task involves defining a new question or problem to be solved.
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How does an improvement in productivity affect a business's profit margin?
A. It increases the profit margin by lowering costs.
B. It decreases the profit margin by lowering costs.
C. It decreases the profit margin by raising costs.
D. It increases the profit margin by raising costs.
Answer:
it increases the profit margin by lowering costs
Explanation:
An improvement in productivity affects a business's profit margin as it increases the profit margin by lowering costs. Thus, option A is correct.
What is the profit margin?Profitability is gauged by profit margin. Estimating the profit as a proportion of revenue is used to calculate it. Gross profit margin, operating profit margin, and net profit margin are the three different forms of profit margins. Gross profit is multiplied by net sales to determine the gross profit margin.
A company may produce more goods without increasing expenses by boosting productivity. Producing more opens up the possibility of increasing sales, which in turn might boost earnings. In addition to improving overall earnings, higher productivity can raise a company's profit margin.
The profit margin of a company is impacted by an increase in productivity since it lowers expenses and raises the profit margin. Therefore, choice A is correct.
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Corporate executives realize that if they can establish ideological outposts in the minds of people, they can use those outposts to.
production possibilities curve. the curve of the graph
is called "The Frontier"
The PPC, sometimes referred to as the production possibilities frontier, depicts scarcity and tradeoffs.
What does the curve of the production possibility frontier represent?The production possibility frontier or PPF is a curve used in business analysis to show the different quantities of two items that can be produced when they both rely on the same limiting resources.
Thus, The PPC, sometimes referred to as the production possibilities frontier
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For accounting purposes, postdated checks (checks payable in the future) are considered to be
The postdated checks are considered to be an accounts receivable for accounting purpose.
What is a postdated checks?These are checks that is expected to make a payment to be processed on a specified date in the future.
However, in accounting, the postdated checks are considered to be an accounts receivable by a firm for accounting purpose.
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You market many different types of insurance and ordinarily you spend time each evening calling potential clients. To comply with requirements for marketing medicare advantage and part d plans, what must you do about contacting potential clients to market those plans?.
Avoid calling any potential client, unless they contact you first and specifically ask to be contacted.
What is Marketing Medicare Advantage and Part D Plans?Medicare Advantage is the one, which replaces Original Medicare and becomes your hospital and medical insurance plan.
Medicare Part D Plans is a supplement to the Original Medicare, which covers prescription drugs only.
Seniors are mostly opt for Medicare Advantage because it provides better benefits at lower cost.
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The velocity of money is a. the multiple by which an increase in government expenditures will cause output to rise. b. the average number of times one dollar is used to buy final goods and services during a year. c. the rate at which the price index for consumer goods rises. d. set by the Board of Governors of the Federal Reserve System.
In economics, the velocity of money is b. the average number of times one dollar is used to buy final goods and services during a year.
What is the velocity of money?It is an economic measure that is used to show the rate that money changes hands between businesses and consumers in a given year.
This can be further simplified as saying that it shows on average, how many times consumers in the economy will buy final goods and services from companies.
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Suppose a firm is allowed to operate as a monopoly due to the presence of large economies of scale. Social welfare can potentially gain if Multiple choice question. price is regulated at the socially efficient level. profits are regulated at the socially efficient level. the HHI exceeds 1,800. profits are forced to be negative
Even if the company is allowed to operate as a monopoly, there can still be social welfare gain if price is regulated at the socially efficient level.
How can a monopoly benefit society?Monopolies are able to charge high prices because they are the only supply. This harms consumer surplus, and therefore reduces social welfare.
If the prices that the monopoly charges can be limited to a socially efficient amount, then the society would benefit.
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a(n) ______ team is a group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make, and market a new product.
Entrepreneurial team is a group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make, and market a new product.
What is Entrepreneurial team?Entrepreneurial team serves as the team that come together to form a team of managers so that can carry out research to work on a new product.
They are usually from different areas of business with necessary skills for the work.
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A farmer uses two types of fertilizers. A 50-lb bag of Fertilizer A contains 10 lbs. of nitrogen, 2 lbs. of phosphorus, and 6 lbs. of potassium. A 50-lb bag of Fertilizer B contains 5 lbs. each of nitrogen, phosphorus, and potassium. The minimum requirements for a field are 420 lbs. of nitrogen, 240 lbs. of phosphorus, and 360 lbs. of potassium. If a 50-lb bag of Fertilizer A costs $35 and a 50-lb bag of Fertilizer B costs $25, find the amount of each type of fertilizer the farmer should use to minimize his cost while still meeting the minimum requirements. What is the cost
The answer is, Fertilizer A = 20, Fertilizer B = 56.
What is fertilizer and example?Among the organic fertilizers that occur naturally are manure, slurry, worm castings, peat, seaweed, and guano. Crops made of green manure are also raised to enrich the soil with nutrients. Organic fertilizers also include naturally occurring minerals including mine rock phosphate, sulfate of potash, and limestone.Set up the equations:Nitrogen: 8x + 5y ≥ 440.Phosphorous: 2x + 5y ≥ 260.Potassium: 4x + 5y ≥ 360.Find the vertices:It is easiest to graph the equations to find the vertices. (see attachment). You can also solve each system of equations to find the intersected points.The following satisfy the "greater than or equal to" requirement:(0, 88) = y-intercept of Nitrogen equation.(20, 56) = intersection of Nitrogen and Potassium equations.(50, 32) = intersection of Phosphorous and Potassium.(130, 0) = x-intercept of Potassium.Use vertices in cost function C(x) to find the minimum:C(x) = $30x + $20y.(0, 88): $30(0) + $20(88) = $1760.(20, 56): $30(20) + $20(56) = $1720 = This is the minimum!(50, 32): $30(50) + $20(32) = $2140.(130, 0): $30(130) + $20(0) = $3900.The minimum cost occurs when 20 bags of Fertilizer A and 56 bags of Fertilizer B are purchased.
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RewardStyle helps brands and lifestyle influencers engage successfully in e-commerce. RewardStyle is a global community of more than 60,000 influencers who connect consumers with one million brand partners. RewardStyle relies on user-generated content on a website to assist consumers with purchases and builds strong relationships between influencers and brands. This is an example of _______. a. integrated marketing b. sales promotion c. crowdsourcing d. social commerce
D. Social Commerce
What is Social Commerce?In social commerce, product marketing and sales take place on social media networks. The largest social media sites all include eCommerce features that users may rely on when they're in the market to buy something.
It contrasts with traditional social media marketing tactics where consumers watch brand content and then visit their website to start shopping. Customers can utilize social commerce to research companies, locate products, and make purchases all within the same app.
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Your mortgage is an ARM with a 1 year adjustment interval, 4% margin, and a 2% periodic cap. Your initial APR on this loan was 4.5%. Over the last 5 years the market rates of interest have risen dramatically. The current interest rate index for your loan is 8.5 %. What APR are your monthly payments being calculated on today
The APR that the monthly payments is being calculated on today will be 10.5%.
How to calculate the APR?It should be noted that the annual percentage rate(APR) will be calculated as:
= Index + Margin
Based on the information given, the APR will be:
Index = 4.5 - 4.0 = 0.5
APR will be:
= (0.5 + 6) + 4
= 6.5 + 4.
= 10.5%
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The ______ cost of any resource used to produce a good is the value or worth the resource would have in its best alternative use.
Answer:
The answer is economic
Explanation:
The Economic cost of any resource used to produce a good is the value or worth the resource would have in its best alternative use. Hence, the gap is filled.
What does Economic cost signify?Economic Cost has been widely used over the period of time by various individuals, mainly Economists, to better understand the various products and their usage in the market.
Economists have worked for individuals over a period of time and have also set prices for some commodities. The economic cost generally suffices to the fact that whether the goods have earned profit or have incurred a loss. The economic cost is very much beneficial for the companies so that with ease they could monitor whatever the problem is.
Economic cost also includes the opportunity cost which is also inclusive while setting the price of commodities. Hence, the above statement is correct.
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A recent study found that an increase in the federal tax on beer (and thus an increase in the price of beer) would reduce the demand for marijuana. We can infer that
We can infer that beer and marijuana are complement goods.
What are complement goods?
Complement goods are goods that are consumed together. When the price of one of the complement goods increases, the quantity demand of that good declines and the demand for the second complement good decreases.
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Determine whether each cash receipts procedure is an internal control strength or weakness reciepts are only given to customers for sales that are above $20
The internal control procedures are categorized as follows:
These refer to processes in the accounting process or other aspects of the business that are instituted to prevent or eliminate fraud or errors.
Full question:
Determine whether each cash receipts procedure is an internal control strength or weakness.
The record keeper of cash transactions is also in charge of depositing cash receipts in the bank.One employee with many years of experience is solely in charge of opening cash receipts received by mail.All sales transactions, even those for less than $1, are recorded on a cash register.Two employees are tasked with opening mail that contains cash receipts.Cash registers have a permanent, locked-in electronic record of each transaction.The clerk who has access to cash in the register cannot access the accounting records to change transaction deals.Receipts are only given to customers for sales that are above $20Learn more about internal controls at;
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______,while holding demand constant, results in an increase in the equilibrium price of the good, but a decrease in the equilibrium quantity of the good.
An increase in supply, while holding demand constant, results in an increase in the equilibrium price of the good, but a decrease in the equilibrium quantity of the good. Read below about supply.
What is Supply?Supply refers to the act of making (something needed or wanted) available to someone; provide. In economics, supply is the amount of a resource that firms, producers, labourers, or other economic agents are willing and able to provide to the marketplace or to an individual. Supply can be in produced goods, labour time, raw materials, or any other scarce or valuable object.
Therefore, the correct answer is given above
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Global Marketing contracted with Tech Smart Company to maintain Global's computer system. Global's marketing process depends on its computer system operating properly at all times. A liquidated damages clause in the contract provided that Tech Smart pay $1,000 to Global for each day that Tech Smart was late responding to a service request. On September 1, Tech Smart was notified that Global's computer system had failed. Tech Smart did not respond to Global's service request until September 15. If Global Marketing sues Tech Smart under the liquidated damages provision of the contract, Global will:
If Global marketing should go ahead to sue under this contract they are going to win unless the liquidated damage provision is determined to be a penalty
What is the liquidated damages provision?This is a contract in business law that requires that a party that breaches a contract goes ahead to pay a particular amount as compensation.
The compensation that they are to pay is due to their failure that carry out the task they were supposed to.
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An accounts receivable ledger:
An accounts receivable ledger is one that is used to show the credit sales that are made by a business.
What is a Ledger?This refers to the accounting book that is used to keep financial records and other related accounts.
Hence, we can see that in the case of an accounts receivable ledger, one can see that the balances of each customer is reconclied periodically as more transactions are made.
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Your goals tend to set the tone for your investment program, and they play a major role in determining how conservative or aggressive you're likely to be in making investment decisions. Group of answer choices True False
The given statement is true, that the goals set the tone for any investment program and help to determine how conservative or aggressive, the person is likely to be making the investment decisions.
What is the investment decision?
Mainly, the Investors and investment managers execute investment decisions. These decisions are based on the disclosure of investigation tools that are based on data about the establishments. The goals are made to set the tone for any investment program.
Investors oftentimes conduct investment analysis using fundamental analysis, technical analysis, and it also helps to determine how conservative or aggressive the person making the investment decisions.
Therefore, the given statement is true.
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the build-up method drills down revenue projections to a typical ______.
The build-up method drills down revenue projections to a typical day.
What is revenue?This refers to the total amount of income realized from the sale of goods or services as it relate to a company's operation. It is the value generated from the sale of a company's goods.
It is to be noted that two methods of forecasting future revenues are comparable method and the build-up method.
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Abe Wilson works as a city councilman in large city on the east coast. As part of his duties, he negotiated the purchase of some land in order to build a new water treatment plant for the city. The land was sold to the city by Jake Bryan for terms that were favorable to the city. After the sale was finalized, Bryan treated Abe and his wife to an all-expenses-paid Alaskan cruise. This type of fraud is known as:
This type of fraud by Abe Wilson is known as c. An illegal gratuity.
What is an illegal gratuity?An illegal gratuity results from the giving and acceptance of a gift in response to an action or decision by a public official.
Illegal gratuity is not the same as bribery or economic extortion, which are usually pre-agreed in exchange for performance or decision.
Like bribery and economic extortion, illegal gratuity creates a conflict of interest for the public official.
Question Completion with Answer Options:a. A conflict of interest
b. Bribery
c. An illegal gratuity
d. Economic extortion
Thus, this type of fraud by Abe Wilson is known as c. An illegal gratuity.
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On december 29, 2021, patel products, inc. , sells a delivery van that cost $20,000. the equipment had accumulated depreciation of $16,000 at december 31, 2020. annual depreciation on this equipment is $2,000 computed using straight-line depreciation.
The appropriate journal entry to record the transaction using straight-line depreciation is: Debit Depreciation expense $2,000; Credit Accumulated depreciation $2,000
DepreciationIf the annual depreciation on this equipment is the amount of $2,000. The correct journal entry to record the transaction using straight-line depreciation is:
December 31 2020
Debit Depreciation expense $2,000
Credit Accumulated depreciation $2,000
(To record depreciation expenses)
Therefore the entry is: Debit Depreciation expense $2,000; Credit Accumulated depreciation $2,000.
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At the end of 2015, Murray State Lenders had a balance in its accounts receivables of $100,000 and Allowance for Uncollectible Accounts of $4,500 (credit) before any adjustment. The company estimated that 12% of accounts receivables is uncollectible. Murray State's adjustment on December 31, 2015, to record its estimated uncollectible accounts included a:
Murray State's adjustment on December 31, 2015, to record its estimated uncollectible accounts included a Debit to Bad Debt Expense of $7,500; credit to Allowance for Uncollectible Accounts of $7,500.
What is the adjustment for uncollectible accounts?The adjustment for uncollectible accounts involves crediting the Allowance for Uncollectible Accounts and debiting the Bad Debts expense.
The credit to the Allowance for Uncollectible Accounts brings the account to its rightful balance at the end of the period.
Data and Calculations:Accounts receivable balance = $100,000
Allowance for Uncollectible Accounts = $4,500 (credit)
Estimated uncollectible accounts = 12% or $12,000 ($100,000 x 12%)
Adjustment Analysis:Bad Debts Expense $7,500 Allowance for Uncollectible Accounts $7,500 ($12,000 - $4,500).
Thus, Murray State's adjustment on December 31, 2015, to record its estimated uncollectible accounts included a Debit to Bad Debt Expense of $7,500; credit to Allowance for Uncollectible Accounts of $7,500.
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When you market medicare advantage and part d plans, what may you offer as a gift to induce enrollment in a plan?.
When we are marketing a medicare advantage, we can offer that the program provide gifts or prizes to all potential enrollees during an event that do not exceed $15 in retail value.
What is a medicare program?This is a public program that provides a health insurance to individuals that are aged 65 and over or with a disabilities.
As a marketer of this program, we can offer to people that the program provide gifts or prizes to all potential enrollees during an event that do not exceed $15 in retail value.
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A dog owner lived next door to a day care center. Because he had a large yard and there were no applicable zoning restrictions, he installed a kennel and began training attack dogs to sell to businesses. As soon as he opened the business and posted signs in front advertising the exceptional ferocity of the dogs, some parents who had children enrolled in the day care center became alarmed at the prospect of the dogs right next to the yard where the children played, especially because the children could see and hear the dogs being taught to attack people. Within a few months of the dogs' arrival next door, the owner of the day care lost 10% of her enrollment. If the day care owner brings a nuisance action against the dog owner, what will be the most critical factual issue that the trier of fact must resolve to determine who should prevail
The most critical factor that the tier of facts has to determine for who to win is Whether the day care owner's use of her property makes her business abnormally sensitive to the presence of the dogs. option B is correct.
What is the tier of facts?The trier of facts is the law term that is used to refer to the person or the groups that have to get the facts in a legal case.
The fact that has to be determined in this case has to be the way that business affects the dog.
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According to Alex Chuang, what three things should a pitch deck accomplish? (Choose three)
Tell a great story
Define key terms in your industry
Explain and validate your business model
Show research that justifies the funds requested
According to Alex Chuang, three things that a pitch deck should accomplish are:
Define key terms in your industry.Explain and validate your business model.Show research that justifies the funds requested.What should a pitch deck do?A pitch deck should be able to convince investors of the need to fund your idea according to Alex Chuang.
It should explain why you picked a certain business model and the research behind the need for the funds in your business plan.
Don't forget to define key terms in your industry that come in handy with revenue generation.
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Answer:
The correct answer is to Tell a great story, Explain and validate your business model, and Show research that justifies the funds requested. I just took the quiz.
Globalization as an apparent universal civilization revolves around the emergence and spread of common systems, including but not limited to, political relations, economic transactions, technology creation / transfer, and
Globalization is an apparent universal civilization that revolves around the emergence and spread of common systems that include, but are not limited to, political relations, economic transactions, technology creation/transfer, and Cultural Influence.
What is Globalization?Globalization refers to the process of spread of financial products, goods, technology, information, and jobs across national borders and cultures.
It is the growing interdependence of the world's economies, cultures, and populations that is brought by cross-border trade in goods and services.
It has increased the interconnection of local and nationalistic economies across the world.
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A local furniture company launched a website to boost national sales. However, it could not ship the orders efficiently so it started using FedEx and UPS. This is an example of
When a local company could not ship the orders efficiently and as a result starts using the services of FedEx and UPS, it is an example of outsourcing.
What is outsourcing?A situation when a company, which is involves in business activities hires an external organization for fulfilling its business requirements, then such a process is known as outsourcing.
Hence, the significance of outsourcing is aforementioned.
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A corporate financial analyst must calculate the value of an asset which produces year-end annual cash flows of $0 the first year, $2,000 the second year, $3,000 the third year, and $2,500 the fourth year. Assuming a discount rate of 15 percent, what is the value of this asset?.
Based on the year-end annual cash flows and the discount rate, the value of the asset is $4,914.22.
What is the asset's value?The asset value can be found by summing the present values of the cash flows:
= 0/(1 + 15%) + (2,000 / (1 + 15%)² + (3,000 / (1 + 15%)³) + (2,500 / (1 + 15%)⁴)
= 1,512.2873 + 1,972.548697 + 1,429.38311
= $4,914.22
In conclusion, the asset value is $4,914.22.
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Exercise 4-10 (Static) Earnings per share [LO4-5]The Esposito Import Company had 1 million shares of common stock outstanding during 2021. Its income statement reported the following items: income from continuing operations, $5 million; loss from discontinued operations, $1.6 million. All of these amounts are net of tax.Required:Prepare the 2021 EPS presentation for the Esposito Import Company. (Amounts to be deducted should be indicated with a minus sign. Round your answers to 2 decimal places.)
Some critics of the unemployment rate say that it under-reports the actual unemployment problem by:
Critics of the unemployment rate say that it under-reports unemployment because it does not include discouraged workers.
What goes into the employment rate?The unemployment rate takes into account only people who are actively looking for work.
It does not include people were looked for work and then got discouraged which means that it does not propery account for those who want jobs even though they can't get them.
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