Important factors that affect retention of employees in the workplace include all the following EXCEPTan undemanding job.safe working environment.good physical working conditions.
Retention of employees in the workplace can be influenced by a range of factors, including job satisfaction, opportunities for career growth, fair compensation, and positive relationships with colleagues and managers.
An undemanding job, safe working environment, and good physical working conditions are all important aspects of creating a positive work environment that can contribute to employee retention. However, there are other factors that are equally important, such as a supportive company culture, recognition for good work, and opportunities for skill development.
In order to retain employees, it's important for companies to take a holistic approach that addresses all of these factors and creates a workplace that employees feel invested in and valued by.
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A job description identifies theA. knowledge, skills, and abilities an individual needs to do the job satisfactorily.B. tasks, duties, and responsibilities of a job.C. contribution of the job to the strategic goals of the organization.d. minimum performance standards for the job.
A job description is a formal summary of the obligations, obligations, prerequisite skills, and reporting structures of a certain position. The Correct option is B
It describes what the job entails and what is expected of the employee who is assigned to that job. The job description provides a clear understanding of the job to the prospective employee, and it serves as a guide to managers in making decisions about recruitment, selection, training, and performance evaluation.
It does not include the knowledge, skills, and abilities an individual needs to do the job satisfactorily or the minimum performance standards for the job.
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_____ is a process of reclaiming recyclable and reusable materials, returns, and reworks from the point of consumption or use for repair, remanufacturing, redistribution, or disposal.
Reverse logistics
Inventory control
Selective distribution
Yield management
Exclusive distribution
Reverse logistics is a process of reclaiming recyclable and reusable materials, returns, and reworks from the point of consumption or use for repair, remanufacturing, redistribution, or disposal.
This process involves the collection, transportation, and processing of products and materials from their end-of-life stage back to their original point of manufacture or distribution.
Reverse logistics is becoming an increasingly important part of supply chain management as businesses look to reduce waste and improve sustainability. Effective management of reverse logistics requires careful inventory control, as well as the ability to identify and sort materials that can be reused or recycled.
Selective distribution is another important aspect of reverse logistics, as it allows businesses to determine which products are suitable for reuse or remanufacturing. This can help to reduce waste and maximize the value of returned products.
Yield management is also important in reverse logistics, as it enables businesses to optimize the value of returned products by identifying which items can be repaired, remanufactured, or redistributed for maximum value.
Finally, exclusive distribution can play a role in reverse logistics by allowing businesses to control the flow of returned products and materials through the supply chain. By carefully managing the distribution of returned goods, businesses can ensure that they are reused or recycled in a way that is environmentally and financially sustainable.
Therefore, the process of reclaiming recyclable and reusable materials, returns, and reworks from the point of consumption or use for repair, remanufacturing, redistribution, or disposal is called reverse logistics.
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the market, the dominant grocery store in a small city, has announced it will be increasing prices to adjust for higher utility costs. it is likely other firms will respond by multiple choice question. reducing their prices. increasing their prices. negotiate with utility companies to reduce costs. maintaining their current prices.
Other firms are likely to respond to The Market's price increase by maintaining their current prices or negotiating with utility companies to reduce costs.
Other businesses may decide to lower their pricing to draw people in, negotiate with utility providers to lower their costs, or keep their present rates to remain competitive in reaction to The Market's announcement of a price rise owing to increasing utility expenses.
Some businesses could decide to raise their pricing if they think it won't affect demand. The exact reaction would depend on several variables, including customer demand, market competitiveness, and particular business plans.
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the focus of social media marketing is on question 23 options: a) customers b) whole sale c) individual shop d) social platform e) all the options
The focus of social media marketing is primarily on customers, as they are the main target audience for businesses seeking to promote their products and services on social media platforms.
Social media marketing involves creating content that is engaging, informative, and relevant to the target audience in order to build brand awareness, foster customer loyalty, and ultimately drive sales. While social media platforms themselves play a key role in facilitating this process, they are primarily a means to an end, rather than the focus of social media marketing efforts.
Effective social media marketing requires businesses to understand their customers' needs, interests, and behaviors in order to tailor their messaging and outreach strategies to maximize engagement and conversion rates.
Ultimately, the success of social media marketing campaigns depends on the ability of businesses to connect with their customers on a meaningful level and build lasting relationships based on trust, transparency, and mutual value.
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moon lite cafe has a semiannual, 5 percent coupon bond with a current market price of $988.52. the bond has a par value of $1,000 and a yield to maturity of 5.68 percent. how many years is it until this bond matures? group of answer choices 1.6 years 1.8 years 2.2 years 1.5 years 2.1 years
The bond has 1.8 years until it matures. The answer is option (b) 1.8 years
To solve this problem, we need to use the bond pricing formula:
Price = [tex](C / (1 + r/2)^t) + (C / (1 + r/2)^(t+1)) + ... + (C + Par / (1 + r/2)^(n*2))[/tex]
where:
C = semiannual coupon payment
r = yield to maturity
t = number of semiannual periods until maturity
n = number of years until maturity
We know the following values:
C = 0.05 * $1,000 / 2 = $25
r = 5.68% / 2 = 0.0284
Price = $988.52
Par = $1,000
Plugging these values into the formula and solving for t, we get:
[tex]988.52 = ($25 / (1 + 0.0284)^t) + ($25 / (1 + 0.0284)^(t+1)) + ... + ($1,025 / (1 + 0.0284)^(2*n))[/tex] t = 1.8 years
Therefore, the bond has 1.8 years until it matures. The answer is option (b) 1.8 years.
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50 Exports, 40 Imports, 10 Income receipts from rest of the world, 50 Income payment to rest of the world What are net exports for China? 4. Suppose that GDP in Japan is 1030 and then grows to 1160 (all numbers in billions) What is the growth rate of GDP in Japan? Use the following information to answer questions 5 through 15: The tables below show data on prices and quantities of Oranges and Shoes produced in China. Data for 2014 Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes 0.7 270 200 10 Data for 2015 Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes 0.9 150 14 250 Data for 2016 Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes 1.4 300 15 330 5. Given this data, what is the Nominal GDP in 2014? 6. What is the Nominal GDP in 2015? 7. What is the Nominal GDP in 2016?
The net exports for China can be calculated by subtracting the total imports and income payment to rest of the world from the total exports and income receipts from rest of the world.
Net exports for China = (50 exports + 10 income receipts from rest of the world) - (40 imports + 50 income payment to rest of the world)
Net exports for China = 70 - 90
Net exports for China = -20
Therefore, the net exports for China are negative, indicating that they have a trade deficit.
To calculate the growth rate of GDP in Japan, we can use the following formula:
Growth rate of GDP = (New GDP - Old GDP) / Old GDP x 100%
Substituting the given values:
Growth rate of GDP = (1160 - 1030) / 1030 x 100%
Growth rate of GDP = 12.62%
Therefore, the growth rate of GDP in Japan is 12.62%.
For question 5, we need to calculate the value of nominal GDP in 2014, which can be done by multiplying the price and quantity of each product and adding the results:
Nominal GDP in 2014 = (0.7 x 270) + (200 x 10)
Nominal GDP in 2014 = 189 + 200
Nominal GDP in 2014 = 389
Therefore, the nominal GDP in 2014 is 389 billion.
Similarly, for question 6 and 7, we can use the same method to calculate the nominal GDP in 2015 and 2016:
Nominal GDP in 2015 = (0.9 x 150) + (14 x 250)
Nominal GDP in 2015 = 135 + 3500
Nominal GDP in 2015 = 3635
Nominal GDP in 2016 = (1.4 x 300) + (15 x 330)
Nominal GDP in 2016 = 420 + 4950
Nominal GDP in 2016 = 5370
Therefore, the nominal GDP in 2015 is 3635 billion and in 2016 is 5370 billion.
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The net exports for China would be the difference between the value of exports and imports, which is (50 - 40) = 10.growth rate:12.62%
Additionally, the income receipts from the rest of the world and income payments to the rest of the world do not affect net exports.
To calculate the growth rate of GDP in Japan, we can use the formula:
Growth Rate = (New GDP - Old GDP) / Old GDP x 100%
Plugging in the given values, we get:
Growth Rate = (1160 - 1030) / 1030 x 100% = 12.62%
To calculate the nominal GDP for each year, we need to multiply the price and quantity of each good, and then sum these values.
For 2014:
Nominal GDP = (0.7 x 270) + (200 x 10) = 189 + 2000 = 2189
For 2015:
Nominal GDP = (0.9 x 150) + (14 x 250) = 135 + 3500 = 3635
For 2016:
Nominal GDP = (1.4 x 300) + (15 x 330) = 420 + 4950 = 5370
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You quit your job as an analyst making $50,000. You then take your $500,000 in savings and open a Mighty Taco restaurant. You work roughly the same hours as before and make $60,000 per year from the restaurant. Assume the interest rate on government treasury notes is 6%. Calculate the economic profit or loss from your move in year 1. (Include a negative sign if it's a loss) Enter as a value.
As an analyst, you were earning $50,000 per year. After opening the Mighty Taco restaurant, you started making $60,000 per year. The difference in income is $10,000 ($60,000 - $50,000).
Opportunity cost is the value of the next best alternative that must be given up or forgone in order to pursue a certain action or decision. In other words, opportunity cost is the cost of any decision in terms of the best alternative forgone. To calculate the opportunity cost of investing your $500,000 in savings, we'll use the 6% interest rate on government treasury notes. The opportunity cost would be $30,000 ($500,000 * 0.06).
To determine the economic profit or loss, subtract the opportunity cost from the difference in income: $10,000 - $30,000 = -$20,000. So, the economic loss in year 1 is -$20,000.
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Name 3 major protectionist (anti-Free trade) policies
3 protectionist (anti-free trade) policies are:- Traiffs , import, subsidies
1. Tariffs: Tariffs are taxes imposed on imported goods, making them more expensive and less competitive compared to domestically produced goods. This policy discourages imports and protects domestic industries from foreign competition.
2. Import quotas: Import quotas are restrictions on the quantity of a specific product that can be imported into a country during a specified period of time. This policy limits the availability of imported goods, protecting domestic industries from being outcompeted by cheaper or more efficient foreign products.
3. Subsidies: Subsidies are financial assistance provided by governments to domestic industries in order to lower production costs and make them more competitive against foreign imports. This policy indirectly discourages imports by giving an advantage to domestic producers.
These protectionist policies aim to shield domestic industries from international competition and support local businesses, but they can also lead to reduced trade, higher prices for consumers, and lower overall economic efficiency.
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Project
Provide your project in s00-600 words (S marks]
A Khobar (Dammam)-based cement company, Saudi
Readymix, that is a global leader in cement,
building materials, related technologies, and research
recently decided to redesign its procurement
organization and recognized that policies and procedures
were an important part of this process.
The company consists of several cement operations Iocated
in several regions of the Kingdom of
Saudi Arabia. Each operation had established decentralized
procurement processes. Although the
basic manufacturing processes are not dissimilar, there
existed a variety of supply strategies,
approved suppliers, and procurement channel strategies.
In 2019, the company developed a purchasing policies and
rocedures manual to define guidelines
by which the purchasing function would be practiced at the
company. In January 2019, an external
team of experts completed a procure-to-pay (P2P)
assessment of the company, focusing on the
requisition to payment process. The key objective was to
identify opportunities to improve user
satisfaction and transactional efficiency such that the
procurement staft could shift their efforts
from pushing transactions through the system to strategic
sourcing and contracting activities.
The study was concluded and presented in early February
2019. One of the recommendations made by the team was to enhance the current process; improvements were needed to eliminate or reduce current issues and reduce the purchase order cycle time for a tighter distribution, thus reducing the mean cycle time and the effort to achieve this.
Question: In order to providing guidance and direction to Saudi Readymix, list and explain at least
four characteristics to be applied for effective polkies in the company.
In order to provide guidance and direction to Saudi Readymix, the characteristics of being clear and concise, relevant, consistent and flexibility should be applied in the effective policies in the company.
Effective policies for Saudi Readymix should have the following characteristics:
1. Clear and concise: Policies should be written in a clear and concise language that is easy to understand. This will ensure that employees can easily comprehend the policies and follow them accordingly.
2. Relevant: Policies should be relevant to the organization's goals and objectives. They should address the specific needs of the company and the industry it operates in.
3. Consistent: Policies should be consistent across all departments and operations within the company. This will ensure that all employees are held to the same standards and expectations.
4. Flexible: Policies should be flexible enough to adapt to changes in the industry and the company's needs. This will allow the company to adjust its policies accordingly and remain competitive in the market.
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Key Topic
What are OSI Layering Benefits
The OSI Layering Benefits are in the "network layer, software to build in their network, and for computing functions".
The OSI or open systems interconnection model is the model which gives conceptual framework to determine the functions of the network system.
The open systems interconnection model have advantages like it reduces the complexity, accelerates evolution, it provides interoperability between investor and its modular engineering.
Therefore, the OSI Layering Benefits are in the network layer is layer of internet communication, software to build in their network, and for computing functions".
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(1)a financial institution advertises, pay $1500 at the beginning of each year for 15 years and we will pay you $1500 a year thereafter. the interest rate is 5% apr compounded annually.what is the value at time 15 for the cash flows that you pay? using the same information from question 18: what is the value at time 15 of the dollars that you receive?
To calculate the value at time 15 for the cash flow that you pay, we need to use the formula for the present value of an annuity. The value at time 15 of the dollars that you receive is found to be $35,427.58 . The value at time 15 of the dollars that you pay is $15,103.09
An annuity is a series of equal payments made at regular intervals. In this case, the payment is $1500, and it is made at the beginning of each year for 15 years. The interest rate is 5% APR compounded annually.The formula for the present value of an annuity is:
[tex]PV = P * [(1 - (1 + r)^-n) / r][/tex] where PV is the present value, P is the payment, r is the interest rate, and n is the number of periods. Substituting the values we have, we get: PV = [tex]$1500 * [(1 - (1 + 0.05)^-15[/tex]) / 0.05], PV = $15,103.09
Therefore, the value at time 15 for the cash flows that you pay is $15,103.09.
To calculate the value at time 15 of the dollars that you receive, we can use the formula for the future value of an annuity. The future value is the value of the dollars received at a certain point in the future, given a certain interest rate and number of periods.
The formula for the future value of an annuity is: FV = [tex]P * [(1 + r)^n - 1 / r][/tex]where FV is the future value, P is the payment, r is the interest rate, and n is the number of periods. Substituting the values we have, we get: FV = [tex]$1500 * [(1 + 0.05)^15 - 1 / 0.05][/tex] FV = $35,427.58
Therefore, the value at time 15 of the dollars that you receive is $35,427.58.
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when the digital video disc (dvd) format was first introduced in 1996, dvd players cost approximately $1,000. today, a dvd player can be purchased for less than $40. what type of pricing strategy did the sellers of dvd players use in the 1990s?
If a DVD player is available for less than $40, then the 1990s skimming price technique used by DVD player vendors is appropriate.
What is players?The word "players" is used in numerous contexts. A player is a member of a team who takes part in the game or sport in sports. A player is a person who participates in a game in the gaming industry. A player is an actor who participates in a play or performance in the theatre. A player is a person who sings or plays an instrument in music. A player in business is a person who works in a specific industry or sector.
When a product is first presented, a high starting price is set, then as more competitors enter the market, demand rises, and newer versions of the product are issued, the price is gradually lowered. The vendors were able to maximise their earnings in the near run while also developing their brand visibility in the market by setting a high initial price.
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A company plans to set up a computing center to support its technical studies. This center will include three workstations, each costing $25,000 for a service period of 5 years. The expected salvage value for each workstation is $2,000. Annual operating and maintenance costs are estimated at $15,000 per workstation. If the nominal interest rate is 15%, the equivalent annual operating cost of this center is?
We must compute the annual cost of owning and operating the three workstations throughout a five-year service life in order to establish the computing center's equivalent annual operating cost.
To start, we can figure out how much it will cost to buy all three workstations workstations' total cost is $75,000 (3 x $25,000) The total salvage value of the workstations at the end of the service period can therefore be determined by:
Workstations' total salvage value is $6,000, or 3 x $2,000 We may use the annual cost and multiply it by the number of years to determine the total operating and maintenance costs over the service period: Total operation and maintenance expenses come to $225,000 ($15,000 multiplied by 3). Total operation and maintenance expenses come to $225,000 ($15,000 multiplied by 3). We can now determine the overall cost of owning and running the data centre:Total cost is equal to the sum of the cost of the workstations, their salvage value, and running and maintenance expenses.
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02-015 - Definition of visualization
Definition of visualization is "the act or process of interpreting visual terms or putting them into visible form, or the formation of mental visual images."
You can better and quickly comprehend vast amounts of data through visualization. It visually conveys the insight to audiences both internal and external, aids in better understanding the data and its impact on the business. There are a lot of unusual and fascinating graph types, but if you want to clearly and objectively display data patterns and values, you really only need four kinds of visualization: maps, scatter plots, bar graphs, and line graphs.
Data relationships and patterns can be more easily understood by business users thanks to visualization, which also gives the data a deeper meaning.
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turkey corp., a c corporation, owns a single asset with a basis of $70,000 and a fair market value of $100,000 when it election s corporation status. three months later, it sells the asset for $100,000. what is the built-in gains tax, assuming that there is sufficient taxable income?
The built-in gains tax is a tax on the appreciation of assets that were held by a C corporation before it converted to an S corporation. In this case, Turkey Corp. owes $6,300 in built-in gains tax on the sale of its asset. Turkey Corp. elects S corporation status, it becomes subject to the built-in gains tax.
The built-in gains tax is a tax on the appreciation of assets that were held by a C corporation before it converted to an S corporation.
This tax is designed to prevent corporations from avoiding taxes by converting to S corporation status and immediately selling appreciated assets.
In this case, Turkey Corp. has a single asset with a basis of $70,000 and a fair market value of $100,000 when it elects S corporation status. Three months later, it sells the asset for $100,000. The built-in gains tax is calculated as the difference between the fair market value of the asset when the S corporation election was made and its selling price. In this case, the built-in gain is $30,000 ($100,000 - $70,000).
Assuming that there is sufficient taxable income, the built-in gains tax rate is 21%. Therefore, Turkey Corp. would owe $6,300 in built-in gains tax ($30,000 x 21%). It is important to note that if the corporation did not have sufficient taxable income to offset the built-in gains tax, it may need to carry over the tax liability to future years.
In conclusion, the built-in gains tax is a tax on the appreciation of assets that were held by a C corporation before it converted to an S corporation. In this case, Turkey Corp. owes $6,300 in built-in gains tax on the sale of its asset.
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Which commercial fishing practices have the largest impact on the environment?
1. Bottom trawling: This practice involves dragging heavy nets across the ocean floor to catch bottom-dwelling fish species. This method can cause significant damage to the seabed, destroying habitats, and disturbing the ecosystem.
2. Longlining: Longlines consist of a central fishing line with many baited hooks attached to it, stretching for miles. While effective at catching targeted species, longlines often unintentionally catch non-target species, such as seabirds, sharks, and turtles, leading to a decline in their populations.
3. Driftnets: These large, floating nets indiscriminately catch any marine life that becomes entangled in them, leading to a high rate of bycatch. This practice often results in the capture and death of non-target species, including endangered marine animals like dolphins and sea turtles.
In summary, bottom trawling, longlining, and the use of driftnets are the commercial fishing practices with the largest impact on the environment, as they can cause habitat destruction, disturb ecosystems, and result in high levels of bycatch.
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One goal of the regulatory reforms that followed the 2007-2009 financial crisis was to address the "too-big-to-fail" problem associated with large institutions. How did the reforms try to address the problems? Why might they not be sufficient?The reforms may not be sufficient because:Requires systemically important financial institutions (SIFIs) to have living willsLimits the FDIC's guarantee powersSubjects large institutions to regular stress testsInvestors may sense the government is unwilling to let these large institutions fail.
The failure of Lehman Brothers in 2008 demonstrated the systemic risks posed by the collapse of a large institution, and highlighted the need for further regulatory measures to prevent such occurrences in the future.
One of the main goals of the regulatory reforms that were implemented after the 2007-2009 financial crisis was to address the "too-big-to-fail" problem associated with large financial institutions. The reforms tried to address this problem by requiring systemically important financial institutions (SIFIs) to have living wills, which are plans for how they would be resolved in the event of their failure. The reforms also limited the FDIC's guarantee powers and subjected large institutions to regular stress tests to assess their ability to withstand adverse economic conditions.
However, despite these efforts, the reforms may not be sufficient in addressing the "too-big-to-fail" problem. One reason for this is that investors may sense that the government is unwilling to let these large institutions fail, leading to a perception of implicit government support. This can create a moral hazard problem where these institutions may take on excessive risks, assuming that they will be bailed out if they face financial distress.
Additionally, while living wills and stress tests are important measures, they may not be enough to prevent the failure of large institutions, especially in the case of a severe economic downturn.
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Question 6 1.25 pts In which way are tariffs different from quotas? O They raise the price of the imported products to consumers. O They raise government revenue. O They reduce the volume of imported products. O They increase the domestic quantity supplied of the product.
The main difference between tariffs and quotas is that tariffs raise government revenue by increasing the price of imported goods, while quotas restrict the volume of imports without generating revenue.
Tariffs and quotas are both trade restrictions, but they differ in their implementation and effects. Tariffs are taxes imposed on imported goods, raising their price to consumers and generating government revenue. On the other hand, quotas are physical limits on the volume of imported products, reducing the quantity available to consumers and potentially increasing the domestic quantity supplied of the product.
Tariffs and quotas are both measures used by governments to restrict imports and protect domestic industries. However, they differ in their methods of achieving this goal.
Tariffs are taxes imposed on imported goods, which increase the price of the imported products to consumers. The revenue generated from tariffs goes to the government.
Quotas, on the other hand, limit the quantity of a particular imported good that can enter a country. They reduce the volume of imported products and may lead to higher prices for consumers if domestic supply is unable to meet demand. Quotas do not generate revenue for the government.
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Argues that the US needs to face up to the realities of globalization and abandon the older policies of a "self-indulgent national economy"
The argument that the US needs to face up to the realities of globalization and abandon the older policies of a "self-indulgent national economy" is based on the belief that the world is becoming increasingly interconnected and interdependent.
As a result, countries that try to go it alone and pursue protectionist policies will ultimately be left behind. The proponents of this argument believe that the US needs to embrace globalization and take advantage of the opportunities it presents. This means opening up to international trade, welcoming foreign investment, and integrating into the global economy.
While there are certainly risks associated with globalization, such as job displacement and environmental degradation, the argument is that these can be managed through smart policies and investments. The benefits of globalization, such as access to new markets and technologies, are too great to ignore.
Overall, the argument is that the US needs to stop thinking of itself as a self-contained, isolated economy and start thinking of itself as part of a larger, interconnected world. Only by doing so can it hope to thrive and succeed in the 21st century.
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2 When Acme Dynamite produces 200 units of output, its variable cost is $3,000, and its fixed cost is $500. It sells each unit of output for $30. When Acme Dynamite produces 200 units of output, its profit is ______. A. $2,000 B. $6,000 C. $2,500 D 3,000
To calculate Acme Dynamite's profit when producing 200 units of output, we need to use the formula: Profit = (Revenue - Variable Cost) - Fixed Cost. Therefore, the correct answer is C. $2,500.
Revenue is calculated by multiplying the number of units sold by the selling price per unit, which in this case is 200 units x $30 = $6,000.
Variable cost is given as $3,000 for 200 units, which means the variable cost per unit is $3,000/200 = $15.
To calculate the profit, first determine the total revenue and then subtract the total cost (variable cost + fixed cost).
Total revenue = (number of units) x (price per unit) = 200 x $30 = $6,000
Total cost = variable cost + fixed cost = $3,000 + $500 = $3,500
Profit = total revenue - total cost = $6,000 - $3,500 = $2,500
So, when Acme Dynamite produces 200 units of output, its profit is $2,500 (Option C).
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three broad categories of definitions of quality are: group of answer choices internal, external, and prevention. user based, manufacturing based, and product based. low-cost, response, and differentiation. pareto, shewhart, and deming. product quality, service quality, and organizational quality.
The three broad categories of definitions of quality are product quality, service quality, and organizational quality.
Product quality refers to the characteristics and features of a product that satisfy the needs and expectations of the customers.
Service quality, on the other hand, refers to the extent to which the services offered by an organization meet or exceed the customers' expectations. Organizational quality is a comprehensive approach that focuses on the overall performance of an organization in terms of customer satisfaction, employee engagement, financial performance, and social responsibility.
Internal, external, and prevention are also important concepts related to quality. Internal quality refers to the quality control measures implemented within an organization to ensure that the products or services meet the established standards.
External quality refers to the perceptions and expectations of the customers regarding the quality of the products or services. Prevention, on the other hand, refers to the proactive measures taken by an organization to prevent defects and errors from occurring in the first place.
User-based, manufacturing-based, and product-based are other categories of definitions of quality. User-based quality focuses on meeting the needs and expectations of the customers. Manufacturing-based quality focuses on the processes and procedures used in the manufacturing of the products. Product-based quality focuses on the physical characteristics and features of the products themselves.
In summary, quality is a multidimensional concept that can be defined in different ways depending on the context and perspective. The three broad categories of definitions of quality are product quality, service quality, and organizational quality, while internal, external, and prevention, user-based, manufacturing-based, and product-based, and Pareto, Shewhart, and Deming are important concepts related to quality management.
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in the current year, laker corporation had sales of $2,040,000 and cost of goods sold of $1,220,000. laker expects returns in the following year to equal 7% of sales and 7% of cost of goods sold. the unadjusted balance in inventory returns estimated is a debit of $10,000, and the unadjusted balance in sales refund payable is a credit of $14,000. the adjusting entry or entries to record the expected sales returns is (are):
To record the expected sales returns, the following adjusting entry or entries should be made:
1. Debit Sales Returns and Allowances account for $142,800 ($2,040,000 x 7%).
2. Credit Estimated Sales Returns Inventory account for $10,000.
3. Credit Sales Returns Payable account for $132,800 ($142,800 - $10,000).
4. Debit Cost of Goods Sold account for $85,400 ($1,220,000 x 7%).
5. Credit Estimated Returns Inventory account for $10,000.
6. Debit Returns and Allowances account for $75,400 ($85,400 - $10,000).
These adjusting entries reflect the estimated amount of returns and allowances that are expected based on the current year's sales and cost of goods sold. The Sales Returns and Allowances account is used to record the expected amount of returns, while the Estimated Returns Inventory account and Sales Returns Payable account are used to track the estimated cost of these returns. Finally, the Cost of Goods Sold account is adjusted to reflect the expected reduction in inventory due to returns.
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fill in the blank. Costs incurred to get the final product to the customer are known as __ or selling expenses.
marketing
Costs incurred to get the final product to the customer are known as marketing or selling expenses.
The costs incurred to get the final product to the customer are known as marketing expenses or selling expenses. These expenses can include advertising, sales commissions, promotional materials, and other costs associated with promoting and selling the product. The goal of marketing expenses is to increase sales and revenue by attracting and retaining customers, building brand awareness, and creating a positive image of the company and its products.
Marketing expenses are an important aspect of any firm because they are necessary for producing sales and revenue. These costs are often classified as either direct or indirect.
Advertising, promotion, and sales commissions are examples of direct marketing expenses. Indirect marketing expenses include payroll, rent, utilities, and other costs that are not directly related to marketing but are required for the general functioning of the business. Marketing expenses can account for a sizable chunk of a company's budget, particularly for organisations focused on growth and expansion.
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TRUE/FALSE.In the simple EOQ model, if annual demand were to increase, the EOQ would increase proportionately.
In the simple EOQ model, if annual demand were to increase, the EOQ would increase, but not proportionately is False.
How is EOQ calculated?
In the simple EOQ (Economic Order Quantity) model, the EOQ is calculated using the following formula:
EOQ = √((2DS)/H)
where:
D = annual demand
S = ordering cost per order
H = holding cost per unit per year
The EOQ represents the optimal order quantity that minimizes the total cost of inventory, including both ordering and holding costs.
If annual demand were to increase, the EOQ would not necessarily increase proportionately. This is because the EOQ formula includes both the ordering cost per order and the holding cost per unit per year, which can affect the optimal order quantity.
For example, if the ordering cost per order remains the same and the holding cost per unit per year remains constant, an increase in annual demand may result in a higher EOQ. However, if the ordering cost per order increases as a result of increased demand, the EOQ may decrease. Similarly, if the holding cost per unit per year increases, the EOQ may decrease.
Therefore, changes in any of the variables in the EOQ formula can affect the optimal order quantity, and it is not necessarily proportional to changes in annual demand.
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what are the major advantages and disadvantages of forced distribution approach in performance evaluation?
The major advantages and disadvantages of forced distribution approach in performance evaluation.
The forced distribution approach in performance evaluation refers to a method of ranking employees based on a predetermined distribution.
The advantage of forced distribution approach is encourages differentiation between the work, provides a clear performance standard and encourages the performance improvement to the employees.
The disadvantage of forced distribution approach create a competitive work environment, not reflect individual performance accurately and demotivate high-performing employees. This can lead to not improving performance and work method in the organization.
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prospective price-based rates are based on: a. rates established by the payer after services are provided to a particular category of patient b. estimated health care costs from which a retrospective per diem rate is determined c. reported health care costs from which a predetermined per diem rate is determined d. a particular category of patient for which rates are pre-established by the payer
Prospective price-based rates are based on:
d. a particular category of patient for which rates are pre-established by the payer.
In this system, the rates are determined in advance, typically using historical data and cost estimates, and are set for specific categories of patients or services.
This method helps control healthcare costs and provides predictability for both healthcare providers and payers.
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Organizational training is the one HRM area not impacted by EEO.TrueFalse
This statement is false. EEO, or Equal Employment Opportunity, is a legal framework that prohibits employment discrimination on the basis of various protected characteristics, such as race, gender, age, and religion.
It applies to all aspects of human resource management, including organizational training. Employers must ensure that their training programs do not discriminate against employees or job applicants on the basis of their protected characteristics, and that the training opportunities are provided fairly and equitably. Additionally, employers may need to provide reasonable accommodations for employees with disabilities to ensure they have equal access to training programs.
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Question 11 1 pts Given the following information: money supply (M1) - 890 currency in circulation = 400 high-powered money = 480 Calculate the size of bank deposits
the size of bank deposits would be 0.102 times the amount of high-powered money, which is $48.96 (0.102 x 480)
To calculate the size of bank deposits, we need to use the money multiplier formula:Money multiplier = 1 / Reserve Ratiowhere Reserve Ratio is the ratio of reserves held by banks to their deposits. We can then use the money multiplier to calculate the size of bank deposits as follows:Money multiplier = M1 / High-powered money
480 = 890 - 400 / Bank Deposits
Solving for Bank Deposits, we get:
Bank Deposits = (890 - 400) / 480 * 1 / (1/RR)
Bank Deposits = 490 / (480 * 1/RR)
Bank Deposits = 1.02 * RR
If we assume a reserve ratio of 10%, then Bank Deposits would be:Bank Deposits = 1.02 * 0.1 = 0.102Therefore, the size of bank deposits would be 0.102 times the amount of high-powered money, which is $48.96 (0.102 x 480)
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Is the following an example of a Temporary or Permanent Account?Company had advertising expense of $1.2 million during 2013; company would still begin 2014 expense of $0.
Company had advertising expense of $1.2 million during 2013; company would still begin 2014 expense of $0. This is an example of temporary account.
A temporary account is one that closes at the end of each accounting period and has no balance when the next one starts. To prevent their balances from being mixed with those of the subsequent accounting period, the accounts are closed.
The balance in a temporary account, also known as a nominal account, is zero before the next accounting period begins. The fiscal year is the accounting period that small businesses use the most frequently.
Revenue accounts, expense accounts like the cost of goods sold, compensation expense, and supplies expense accounts, gain and loss accounts like the loss on assets sold account, and the income summary account are all examples of temporary accounts.
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