The probability that an ear of corn selected at random will contain no borers is approximately 0.4966 or 49.66%.
How did we get the value?To calculate the probability that an ear of corn selected at random will contain no borers, use the Poisson distribution formula. In a Poisson distribution, the average number of events (borers in this case) is represented by λ (lambda).
Given that the distribution of the number of borers per ear approximates the Poisson distribution, calculate the value of λ using the information provided. The average number of borers per ear can be obtained by dividing the total number of borers by the total number of ears:
λ = (Total number of borers) / (Total number of ears)
= 3,500 / 5,000
= 0.7
Now, use the Poisson distribution formula to calculate the probability of an ear of corn selected at random containing no borers. The probability mass function for the Poisson distribution is given by:
P(X = k) = (ₑ(-λ) × λᵏ) / k!
Where:
- X is the random variable representing the number of borers per ear.
- k is the number of borers (in this case, 0).
Plugging in the values, we get:
P(X = 0) = (ₑ(-0.7) × 0.7⁰) / 0!
= ₑ-0.7
Using a calculator or a mathematical software, evaluate this expression to find the probability:
P(X = 0) ≈ 0.4966
Therefore, the probability that an ear of corn selected at random will contain no borers is approximately 0.4966 or 49.66%.
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Interpret this wavelet coherence graph
The lead/lag phase relations between the studied series are shown as an arrow in the wavelet coherence plots. When the two-time series have a zero phase difference, they move in unison on that scale. Depending on whether the time series are in phase or antiphase, arrows will point to the right (left). The correlation between two signals is gauged by wavelet coherence.
The examination of frequency change in the time domain is made possible by wavelet analysis, which enables the change from a time-value system to a time-scale (frequency) system. Based on the frequency components that each signal contains, the coherence function calculates the correlation between the signals. The spectrum is hence a correlation. By calculating the cross-phase spectrum, one can also derive time differences as a function of frequency.
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Mazu Mavuso is a 43-year-old South African resident who was employed by Veg & Fruit Limited, a South African company, until 30 November 2022. On 30 November 2022, Veg & Fruit Limited ceased its operations and the pension fund that Veg & Fruit Limited established for its employees also closed down. The Veg & Fruit Limited pension fund paid out R80 000 to Mazu Mavuso during the 2023 year of assessment. All Mazu Mavuso's pension fund contributions have been deducted in the determination of his taxable Income. Mazu Mavuso also decided to join a retirement annuity fund, to which he made a total contribution of R7 000 during the 2023 year of assessment. For the 2023 year of assessment, Mazu Mavuzo's receipts and expenses were as follow: Salary Director's fees earned Local dividends from South African companies Local interest from a non 'tax free investment' Pension fund contributions at 6.5% of his salary Retirement annuity fund contributions Qualifying medical expenses paid Donation to a qualifying section 18A Public Benefit Organisation R 720 000 110 000 45 000 24 500 ? 7 000 61 630 6 000 Calculate Mazu Mavuso’s taxable income for the 2023 year of assessment. (25 marks) 1.2) Calculate Mazu Mavuso’s total normal tax liability for the 2023 year of assessment. Assume that Mazu Mavuso had a taxable income of: • R770 900 before any retirement fund lump sum withdrawal benefits. • R843 900 after any retirement fund lump sum withdrawal benefits. (17 marks) Competency Framework Reference: E1.2 Interpretation of tax legislation b) Demonstrate the ability to apply the principles of tax interpretation to any new or unfamiliar tax legislation. E1.3 Application of tax legislation to calculate tax obligation a) Analyse the taxpayer’s tax profile. c) Apply the relevant law to the facts, determine the tax position and compute the tax payable (VAT or normal tax) for individuals and companies.
Explanation:
to calculated this question to solve
eddie has decided to use a business model that charges players a fee of somewhere between $0.70 and $3.99 to play his game. What type of business model will Teddie be using?
premium model
freemium model
indie model
profit-sharing model
The type of business model that Teddie will be using would be the A. premium model.
What is the premium model ?In a premium model, the payment strcture is straightforward and transparent, as players are aware of the cost upfront and can make an informed decision about whether to pay and play the game. This business model is commonly used by game developers to genrate revenue directly from players and is often associated with higher-quality games that offer a more immersive experience.
By charging a fee, Eddie can potntially generate a steady stream of income to support ongoing development, updates, and maintenance of the game, ensuring continued enjoyment for players while sustaining the business.
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On January 1, the first day of the fiscal year, Designer Fabric Inc. issues a $1,000,000, 10%, 10-year bond that pays semiannual interest of $50,000 ($1,000,000 × 10% × ½ year), receiving cash of $1,000,000.
Question Content Area
b)Journalize the entry to record the first interest payment on June 30. If an amount box does not require an entry, leave it blank.
c) Journalize the entry to record the payment of the principal on the maturity date. If an amount box does not require an entry, leave it blank.
blank
b) The first interest payment on June 30 is recorded by debiting Interest Expense and crediting Cash for $50,000.
c) The payment of the principal on the maturity date is recorded by debiting Bonds Payable and crediting Cash for $1,000,000.
b) Journalize the entry to record the first interest payment on June 30:
Date Account Debit Credit
Jun 30 Interest Expense $50,000
Cash $50,000
Explanation: The company records the interest expense of $50,000 by debiting the Interest Expense account and credits the Cash account to reflect the payment of the interest.
c) Journalize the entry to record the payment of the principal on the maturity date:
Date Account Debit Credit
Maturity Bonds Payable $1,000,000
Cash $1,000,000
Explanation: On the maturity date, the company pays off the bond principal of $1,000,000. The Bonds Payable account is debited to eliminate the liability, and the Cash account is credited to record the cash outflow.
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Which management skill is needed most by top managers?
Leadership is needed to properly manage and help grow your company. You need to know how to help people and make employes grow under your management.
a perpetuity pays 230 per year and interest rates are 7.2 percent. How much would its value change if interest rates increased to 8.7 percent?
The difference between the current value and the new value is $550.76 ($3,194.44 - $2,643.68). This means that if interest rates were to increase to 8.7 percent, the value of the perpetuity would decrease by $550.76.
A perpetuity is an investment that pays a fixed amount of money each year, indefinitely. In this case, the perpetuity pays $230 per year, and the current interest rate is 7.2 percent.
To calculate the current value of the perpetuity, we can use the formula: value = annual payment / interest rate. So, the current value of the perpetuity would be $3,194.44 ($230 / 0.072)
If interest rates were to increase to 8.7 percent, the value of the perpetuity would decrease. We can calculate the new value using the same formula: value = annual payment / interest rate. Using an interest rate of 8.7 percent, the value of the perpetuity would be $2,643.68 ($230 / 0.087)
It's important to note that this calculation assumes that the annual payment of $230 will remain constant. In reality, it's possible that the payment could change if interest rates were to fluctuate significantly.
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What type of life insurance do employers usually offer as a benefit?
O whole life
O universal life
O 1-year renewable group term life
O 20-year Term life.
Answer:
1-year renewable group term life is the type of life insurance employers usually offer as a benefit.
Explanation:
Answer: C) 1-year renewable group term life
Explanation: Group with a one-year renewable contract Term life insurance is the sort of life insurance that most businesses provide as a perk.
Delta timber supplies in Nausori took a loan from Bred bank, at the end of reporting
date 2021 that was expected to be settled within six months. The loan term was
renegotiated after reporting date and before the authorisation date of the financial
statements and the repayment date was extended by two years. For the purposes of
financial statement presentation for Year 2021, this loan is classified by Delta timber
supplies as a/an:
The loan taken by Delta timber supplies from Bred bank is classified as a long-term liability for the purposes of financial statement presentation for Year 2021 due to the revised repayment terms extending the repayment period beyond the next 12 months.
Delta timber supplies in Nausori had taken a loan from Bred bank, which was expected to be settled within six months. However, the loan term was renegotiated after the reporting date and before the authorization date of the financial statements. The repayment date was extended by two years, which means that the loan will be paid back at a later date than initially expected.
For the purposes of financial statement presentation for Year 2021, this loan is classified by Delta timber supplies as a long-term liability. This is because the loan has been extended by two years, making it due for repayment beyond the next 12 months. As per accounting standards, a long-term liability is defined as a financial obligation that is due for payment beyond the next 12 months.
It is important to note that the classification of the loan is based on its repayment term as of the reporting date. Any changes made to the repayment term after the reporting date will not affect its classification for the Year 2021 financial statements. Therefore, despite the loan being initially classified as a short-term liability, it is now classified as a long-term liability as per the revised repayment terms.
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Discuss the difference and similarities between share capital,term loan, bonds deferred credit incentive sources and miscillaneous sources
Share capital refers to the funds raised by a company through the issuance of shares to shareholders. It represents the ownership stake of the shareholders in the company.
The differences in the different sources of fundingShare capital, term loans, bonds, and deferred credit have the following differences:
While term loans and bonds have specified repayment terms, share capital has no set repayment plan.While share capital and term loans are not frequently exchanged, bonds are, and investors can buy and sell them on financial markets.Deferred credit results from the use of credit to acquire products or services, whereas borrowing money is involved in the acquisition of share capital, term loans, and bonds.Share capital, term loans, bonds, and deferred credit have the following similarities:
They contribute money for the business's operations, investments, and expansion.Although term loans and deferred credit can also have shorter terms, they can be long-term sources of funding.With the exception of share capital, which represents long-term equity in the company, all of these sources entail a commitment to repay the money received.Depending on the source, they are either listed as liabilities or equity on the company's balance sheet.learn more on business funding here https://brainly.com/question/28849356
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PLATO
Type the correct answer in the box. Spell all words correctly.
Which C of the four Cs of marketing relates to the place element of the marketing mix?
The element of the four Cs relates to the place element of the marketing mix.
The C of the four Cs of marketing relates to the place element of the marketing mix is "Convenience."
What is Convenience in marketing mix?Convenience refers to the ease and accessibility with which customers can obtain a product or service. In the context of the marketing mix, the place element focuses on making products available to the target market in the right locations at the right time. It involves decisions related to distribution channels, logistics, and the physical availability of products or services.
Convenience is an essential factor in customer decision-making. If a product or service is conveniently located and easily accessible, it enhances the overall customer experience and increases the likelihood of purchase.
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Can I customize the arrangement of flowers for a birthday gift in Lahore?
Answer:
Yes, many flower delivery services in Lahore offer the option to customize the arrangement of flowers for a birthday gift Lahore, allowing you to create a unique and personalized gift.
Explanation:
5. (a) Discuss the role and importance of agriculture sector in India.
The role and importance of agriculture sector in India includes, contribution to GDP, largest source of employment, source of food supply, and helps in industrial development.
Contribution to GDP
The agriculture sector in India is one of the largest sectors. It's contribution to the GDP is around 17% as per 2021 reports.
Largest source of employment
India's agriculture sector is the largest source of employment in India. Most of the people living in the rural areas works in agriculture sector. According to the reports the employment in agriculture sector is around 46%.
Source of Food Supply
India is the home of many crops, cereals and, vegetation. India is now the most populous country in the world. To feed this large population constant supply of food is necessary. Therefore, agriculture sector helps in frequent food supply.
Helps in industrial development
Most of the raw materials for manufacturing different products in the world, comes from India. This helps in the development of different industries in the world.
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Question 4 of 20:
Select the best answer for the question
4. Suppose you're asked to keep track of records within your company. Part of your job is to determine which records will be kept and which
O A. perpetual transfer
B. record retention control.
C. record retention transfer.
O D. record retention laws
Mark for review (Will be highlighted on the review page)
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The best answer is record retention control. Option B
How to determine the records to be keptIn this scenario, your job is to determine which records will be kept and which ones will not. Record retention control refers to the process of managing and controlling the retention and disposal of records within an organization.
It involves establishing policies and procedures to determine how long records should be retained based on legal, regulatory, and business requirements. This ensures that records are kept for the appropriate duration and disposed of properly when they are no longer needed.
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The Rogers family own a house worth $848,000, with a mortgage of $434,000. They have 2 cars. The dad’s car is worth $26,800 and is paid off. The mom’s car is worth $21,400 on which she still owes $6,900. They have $12,200 in student loans. They rent a vacation home that they owe $4,800 for. Mr. Rogers has $98,000 in a retirement savings account, and they have $52,700 in the bank. They pay $10 a month for a Disney Plus subscription. What is the Rogers' family’s net worth?
The Rogers' family net worth is $ .
please answer quickly
Benjamin's moped will need to be replaced soon. Which choice would be
the worst for him to make that would disrupt his other financial goals?
Benjamin should avoid making any financial decisions that would disrupt his other financial goals. He should aim to find a cost-effective and efficient solution to replace his moped without overspending or incurring debt
However, it is important that he does not make any choices that would disrupt his other financial goals. One of the worst choices he could make would be to take out a high-interest loan or put the purchase on a credit card with a high-interest rate. This decision would lead to him incurring more debt, which could hinder his other financial goals such as saving for a down payment on a house or investing in his retirement fund.
Another bad choice would be to purchase an expensive and high-end moped that is beyond his budget. This decision would result in him overspending and possibly accumulating debt, which could hinder his other financial goals. It is important that Benjamin sets a budget and looks for a cost-effective and efficient moped that fits his needs and budget.
Lastly, Benjamin should avoid tapping into his emergency fund or dipping into his savings account to purchase the moped. He should aim to keep his emergency fund intact and continue contributing to his savings accounts to ensure he can meet his other financial goals.
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Explain how before factors of production impact the possibilities, production crew, and a countries resources
The factors of production, namely land, labor, capital, and entrepreneurship, have a significant impact on the possibilities, production capabilities, and resource allocation within a country.
Land refers to all natural resources available, such as arable land, minerals, water, and energy sources. The abundance or scarcity of these resources determines the production possibilities of various industries. For example, a country rich in oil reserves can leverage this resource for energy production or export, thereby influencing its production capabilities and economic potential.
Labor represents the workforce available in a country. The size, skill level, and productivity of the labor force affect the capacity to produce goods and services. Adequate and skilled labor can enhance production efficiency, leading to economic growth and development.
Capital refers to the financial resources, infrastructure, and technology available for production. Access to capital and investment opportunities directly impact a country's production capacity. Well-developed infrastructure, modern technology, and ample financial resources enable efficient production processes, leading to higher output levels and economic advancement.
Entrepreneurship represents the ability to innovate, take risks, and organize the other factors of production. Entrepreneurial activity drives economic growth by identifying new opportunities, creating jobs, and introducing innovative products and services. The presence of entrepreneurial talent and supportive business environments foster economic development.
In summary, the factors of production, including land, labor, capital, and entrepreneurship, shape a country's production capabilities, resource allocation, and economic possibilities. The availability, quality, and utilization of these factors directly impact a country's economic growth, competitiveness, and overall development.
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What are the Keys to Customer Observation?
Some of the keys to customer observation include:
Be objectiveBe observantBe discreetWhat is customer observation ?Customer observation is a qualitative research method that involves watching and listening to customers in their natural environment. It can be used to understand customer behavior, needs, and wants.
It is important to be objective when observing customers and to avoid making assumptions about their behavior. Pay attention to all aspects of customer behavior, including their physical appearance, facial expressions, body language, and interactions with others.
Do not let customers know that you are observing them, as this may affect their behavior.
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The keys to customer observation involve being alert, open-minded, and accurately recording observations. Researchers can immerse themselves in a cultural context to make observations while seeking a second opinion on their interpretation for increased validity.
Explanation:The keys to customer observation involve being alert and open-minded, recording observations accurately, and analyzing data to generate results. When conducting participant observation, researchers immerse themselves in a cultural context to make observations and notes about what occurs. To increase the validity of findings, researchers can seek a second opinion on their interpretation by sharing observations with a peer.
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Using the Internet, local newspapers, and/or any regional information, write a 500-word report on on-line banking. In your report, tell of the advantages (if any) over regular banking. Why would it be attractive to people? What conveniences are offered? Is it safe, or will other people get access to your accounts?
Explaining the purpos of sales promotion as a marketing communication policy with practical examples?
Grade 11 business studies
Sales promotion techniques are effective in attracting customers' attention, creating a sense of value, and driving immediate sales.
Sales promotion is a marketing communication strategy aimed at stimulating immediate customer action or increasing demand for a product or service. It involves the use of various promotional techniques to provide incentives, create a sense of urgency, and influence purchase decisions.
The purpose of sales promotion is to drive short-term sales, boost brand awareness, attract new customers, encourage repeat purchases, and achieve specific marketing objectives.
There are several practical examples of sales promotion techniques used by companies:
Discounts and Coupons: Offering price reductions, percentage-off discounts, or coupons can incentivize customers to make immediate purchases. For example, a clothing retailer may offer a "Buy One, Get One 50% Off" promotion to encourage customers to buy multiple items.
Free Samples: Providing free samples allows customers to experience a product firsthand, increasing their likelihood of making a purchase. For instance, a cosmetic brand may distribute sample-sized products at a shopping mall to attract potential customers.
Contests and Sweepstakes: Running contests or sweepstakes can create excitement and engage customers. For instance, a beverage company may organize a social media contest where customers can win prizes by sharing photos with their products.
Loyalty Programs: Implementing loyalty programs rewards customers for repeat purchases and encourages brand loyalty. For example, a coffee shop may offer a "Buy 10 Coffees, Get One Free" program to encourage customers to return.
Bundling and Cross-selling: Offering bundled products or cross-selling related items can increase the average transaction value. For example, a technology retailer may bundle a laptop with accessories at a discounted price.
Limited-Time Offers: Creating a sense of urgency by promoting limited-time offers or flash sales can drive immediate purchases. For instance, an online retailer may offer "24-Hour Sale" promotions to encourage customers to buy quickly.
Rebates: Providing cash-back rebates after the purchase can entice customers and reduce the perceived cost. For example, a smartphone manufacturer may offer a mail-in rebate for customers who purchase a specific model.
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Which of the following best explains why a country might specialize in the production of a good?
O Consumers in the country only demand a single good.
O The country believes it is generally better to do one thing really well than multiple things.
The country cannot produce other goods and services.
Specialization allows the country to exchange for more of other goods than it could produce.
The best explanation for why a country might specialize in the production of a good is specialization allows the country to exchange for more of other goods than it could produce (option D).
Specialization in the production of a particular good enables a country to take advantage of its available resources, labor, and technology to produce that good more efficiently and at a lower cost compared to other countries. As a result, the country can sell its specialized good to other countries in exchange for other goods that it needs but cannot efficiently produce on its own.
For example, if a country specializes in the production of coffee, it can produce coffee beans at a lower cost and higher quality than other countries due to its favorable climate and available resources. The country can then trade its coffee for other goods that it cannot produce as efficiently, such as electronics or machinery.
Specialization also leads to increased productivity and efficiency, as workers can focus on producing a specific good and become highly skilled in that area. This can lead to technological advancements and innovations, which can further improve production efficiency and competitiveness in the global market.
In conclusion, specialization allows a country to leverage its strengths in the production of a specific good, trade it for other goods it needs, and increase productivity and competitiveness.
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Perception distortions is a process where people would not use shortcuts to give meaning to targets or objects. Question Attachment: Answer O True O False
Perception distortion refers to the tendency of individuals to perceive information inaccurately or in a biased manner, often influenced by preconceptions or expectations. It can involve the use of shortcuts or heuristics in processing information. Thus, the given statement in question is false.
Negotiations frequently include perception distortion. A perceiver's inclination toward the other party may result from their own needs, wants, motivations, and personal experiences. Biases and mistakes in perception and subsequent communication may result from this. Stereotyping, halo effects, selective perception, and projection are the four different categories of perceptual distortions.
An inaccurate interpretation of a perceptual phenomenon is referred to as perception distortion. It happens when a person's reaction to external stimuli deviates from what would be considered normal. This distortion may be caused by drug use, physical harm to the brain, or psychological distress.
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2. 2. One can apply.
life
a. Leadership
b. Management
c. Job
O d. Strategic Thinking
to arrive at decisions that can be related to your work or personal
One can apply to Management to arrive at decisions that can be related to your work or personal.
Whether an organisation is a for-profit corporation, a government agency, or a nonprofit, management is the administration of that entity. It is the science of managing a company's resources.
Businesses use management to plan their operations, processes, and personnel in order to achieve their objectives. The main objective of management is to establish an atmosphere that encourages productive and efficient work among personnel.
The administration and coordination of tasks to accomplish a goal is management. Setting the organization's strategy and organising staff efforts to achieve these goals through the application of resources available are examples of such administration activities.
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Discus the difference and similarities between Share capital, Term loans, Bonds, Deferred credit, Incentive sources, and Miscellaneous sources. Elaborate them with enough example based on our country Ethiopia.
In Ethiopia, as in many other countries, there are various sources of funding available for businesses and organizations, such as share capital, Term loans, Bonds, Deferred credit, Incentive sources, and Miscellaneous sources.
Sources of funding in EthiopiaShare capital: Share capital provides long-term funding to the company, and the shareholders bear the risk and enjoy the benefits of ownership, such as dividends and voting rights. In Ethiopia, companies can raise share capital by issuing shares to investors.
Term loans: Term loans are a form of debt financing provided by banks or financial institutions for a fixed period, typically with a predetermined repayment schedule. In Ethiopia, businesses can obtain term loans from banks or other financial institutions to finance their growth or operational requirements. For instance, a construction company in Ethiopia may take a term loan to purchase heavy machinery.
Bonds: Bonds are debt instruments issued by governments, municipalities, or corporations to raise capital. In Ethiopia, the government may issue bonds to fund infrastructure projects, while corporations can issue corporate bonds for expansion or refinancing purposes.
Deferred credit: Deferred credit refers to the arrangement where suppliers allow buyers to defer payment for goods or services received. It is a short-term financing option that provides a grace period for payment. For example, a retailer in Ethiopia may enter into a deferred credit agreement with a supplier for inventory purchases.
Incentive sources: In Ethiopia, the government may offer incentives to encourage investment in priority sectors, such as agriculture, manufacturing, or renewable energy. These incentives can take the form of grants, tax breaks, or subsidized loans. For instance, a solar energy company in Ethiopia may receive a government grant to support the installation of solar panels.
Miscellaneous sources: Miscellaneous sources of funding encompass various other options, including personal savings, donations, crowdfunding, venture capital, or angel investors. In Ethiopia, entrepreneurs may utilize personal savings, crowdfunding, or seek angel investors to start a new business.
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In which situation would a saving account be the best investment to earn interest?
The situation that a saving account be the best investment to earn interest are:
Short-term goalsEmergency fundRisk aversion, etc.What is a saving account?For short-term financial goals and quick access to funds, choose a savings account - safe, liquid, and earns interest. An emergency fund is a safety net for unexpected expenses. Store it in a savings account for easy access and interest.
Choose a savings account for conservative investing. Insured by the government, providing extra protection." Saving for short-term expenses: If you have a specific expense coming up, like a vacation or a down payment, save accordingly.
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According to the law of supply, an increased price for a good should lead to: OA. a decreased demand for that good. OB. a decreased supply of that good. C. an increased demand for that good. OD. an increased supply of that good. SUBMIT
Answer: OD. an increased supply of that good.
Explanation:
Select the correct answer from each drop-down menu.
Oliver scheduled a sales meeting with a prospective customer to sell financial solutions. Before the meeting, he researched this customer’s demographic characteristics. During the meeting, he was able to offer customized financial solutions to the customer based on the customer’s individual needs. Which steps of the selling process did Oliver follow?
Oliver followed the step of the selling process before the meeting, and the step during the meeting.
Oliver followed the step of "pre-approach" before the meeting, where he researched the customer's demographic characteristics. And during the meeting, he followed the step of "presentation" by offering customized financial solutions based on the customer's individual needs.
Pre-Approach is one of the first steps in the sales process, during which a salesperson researches potential customers before approaching them. For the sale process to be more relevant to all parties involved, it comprises customer analysis, consumer abilities, needs, and wants.
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multiple choice
Which element of the balanced scorecard speaks to improving responsible
leadership?
Group of answer choices
1.Learning and growth
2.Financial
3.Customer
4.Business processes
Garwryk, Inc., which is financed with debt and equity, presently has a debt ratio of 77 percent. What is the firm's equity multiplier? How is the equity multiplier related to the firm's use of debt financing (i.e., if the firm increased its use of debt financing would this increase or decrease its equity multiplier)? Explain.
if Garwryk, Inc. borrows more money, it will raise its equity multiplier. This means that the company might use more loans to pay for its things, which could lead to more danger because it owes more money.
What is Equity Multiplier?The equity multiplier is a way to see how much a company's assets are paid for with loans compared to its own money. To figure it out, you divide everything the company owns by the money invested (equity).
Garwryk, Inc. is being considered or thought about. If a company has a debt ratio of 77%, it means that 77% of the money they used to buy things came from borrowing. To find the equity multiplier, use this equation:
The Equity Multiplier is a formula that uses division to determine the connection between total assets and total equity. To compute the equity multiplier, we must first determine how much money the corporation owns or has invested. We can't calculate the exact equity multiplier unless we have this information.
We can talk about how a company's debt financing affects its equity multiplier. The equity multiplier is affected by how much debt the company has. If a company borrows more money, it will raise the number that measures how much money the owners put in.
When a company borrows more money, it gets more things they own (because they use the money to buy more things they own). The bottom part of the equity multiplier stays the same, but the top part gets bigger. When the amount of things that a company owns is bigger than the amount of money it owes, the equity multiplier gets bigger.
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Thermal Rising, Incorporated, makes paragliders for sale through specialty sporting goods stores. The company has a standard paraglider model, but also makes custom-designed paragliders. Management has designed an activity-based costing system with the following activity cost pools and activity rates:
Activity Cost Pool Activity Rate
Supporting direct labor $ 22 per direct labor-hour
Order processing $ 194 per order
Custom design processing $ 268 per custom design
Customer service $ 416 per customer
Management would like an analysis of the profitability of a particular customer, Big Sky Outfitters, which has ordered the following products over the last 12 months:
Standard Model Custom Design
Number of gliders 11 3
Number of orders 1 3
Number of custom designs 0 3
Direct labor-hours per glider 29.50 31.00
Selling price per glider $ 1,825 $ 2,490
Direct materials cost per glider $ 464 $ 584
The company’s direct labor rate is $16 per hour.
Required:
Using the company’s activity-based costing system, compute the customer margin of Big Sky Outfitters. (Round your intermediate calculations and final answer to the nearest whole dollar amount. Loss amounts should be entered with a minus sign.)
The total costs for Big Sky Outfitters is $6,566, The customer margin of Big Sky Outfitters is $14,123.
How to calculate the company’s activity-based costing system and the customer margin of Big Sky Outfitters.Calculating the costs for each activity:
1. Supporting direct labor:
Standard Model: 11 gliders x 29.50 direct labor-hours per glider x $16 per hour = $5,152
Custom Design: 3 gliders x 31.00 direct labor-hours per glider x $16 per hour = $1,488
2. Order processing:
Standard Model: 1 order x $194 per order = $194
Custom Design: 3 orders x $194 per order = $582
3. Custom design processing:
Custom Design: 3 custom designs x $268 per custom design = $804
4. Customer service:
Customer Service: 1 customer x $416 per customer = $416
Calculating the total costs for Big Sky Outfitters:
Total costs = Supporting direct labor + Order processing + Custom design processing + Customer service
Total costs = $5,152 + $194 + $804 + $416 = $6,566
Now, let's calculate the total revenues for Big Sky Outfitters:
Total revenues = (Number of gliders x Selling price per glider) - (Number of gliders x Direct materials cost per glider)
Total revenues = (11 x $1,825) - (11 x $464) + (3 x $2,490) - (3 x $584)
Total revenues = $20,075 - $5,104 + $7,470 - $1,752 = $20,689
Finally, let's compute the customer margin:
Customer margin = Total revenues - Total costs
Customer margin = $20,689 - $6,566 = $14,123
Therefore, the customer margin of Big Sky Outfitters is $14,123.
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A group of people that maintains a certain set of values, beliefs, language is best described by which
of the following terms?
A group of people that maintains a certain set of values, beliefs, language is best described by a. Culture
What is the people about?Culture is one that is made up of the collective principles, convictions, regulations, dialect, traditions, actions, and establishments that are embraced by a distinct community.
The essence of a particular society or community is formed and characterized by its shared identity, customs, and modes of existence. The transmission of culture across generations shapes the behavior, mindset, and outlook of individuals.
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A group of people that maintains a certain set of values, beliefs, language is best described by which
of the following terms?
a. Culture,
b. Ethnocentricity,
c. Social beliefs,
d. Institutional society.