A behavioral approach to job design in which workers regularly exchange jobs are known as specialization job rotation
Option B is correct
What is the behavioral approach to job design?
A behavioral approach to job design during which workers regularly exchange jobs is known as Specialization job rotation
Behavioral approaches to job design can help improve employee motivation and productivity. during this type of philosophy, factors, like autonomy, variety, task identification/significance, and feedback, are analyzed and enhancements are made for employees.
What is job design explain the approaches of job design?The human approach of job design laid emphasis on designing employment around the people or employees and not around the organizational processes. In other words it recognizes the necessity of designing jobs that are rewarding (financially and otherwise) and interesting at the same time.
What is job rotation explain?
Job rotation is that the systematic movement of employees from one job to another within the organization to achieve various human resources objectives such as orienting new employees, training employees, enhancing career development, and preventing job boredom or burnout.
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Benson, inc., has sales of $44,830, costs of $14,370, depreciation expense of $3,270, and interest expense of $2,390. the tax rate is 23 percent. what is the operating cash flow, or ocf?
The operating cash flow is $24.756.
Operating cash flow, cash flow provided by operations, cash flow from operations, or free cash flow from operations, refers to the amount of cash a business generates.
Operating cash flow is a measure of the amount of cash generated from a company's normal business operations. Operating cash flow indicates whether a business can generate enough positive cash flow to sustain and grow its operations, if not, the business may need outside funding to expand capital.
Operating cash flow = E bit + depreciation - taxes
Where, Ebit = sales - cost of goods - Depreciation
Here, sales = $ 44830
Cost = $14,370
Depreciation = $3270
⇒ Ebit = 4480 - 14370 - 3270
= $27,190
Now, taxes = (ebit - interest expense) × taxes rate
( 27,190 - 2390) × 23%
= 24800 × 0.23
= $ 5704
Now, Operation cash flow = 27,190 + 3270 - 5704
= $ 24,756
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In general, the ___________ measures the profitability of the products and/or services provided by a company.
The income statement is a common tool for determining how profitable a company's products and/or services are.
An income statement or profit and loss account, also referred to as a profit and loss statement (P&L), revenue statement, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations, is one of a company's financial statements that provides specific information about the company's income and expenses for a given time period.
This paragraph illustrates how revenues, sometimes known as the "top line," are transformed into net income or net profit (the result after all revenues and expenses have been accounted for). The purpose of the income statement is to show management and shareholders whether the company made money (profit) or lost money (loss) during the reporting period.
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In the united states, publicly traded companies can choose whether or not they wish to release periodic financial statements. True or false?.
Within the united states, publicly traded companies can pick out whether or not or now not they desire to launch periodic economic statements. a false statement indicating the resources and cash make use of isn't always a mandatory statement prepared with the aid of a public enterprise.
A company, abbreviated as co., is a prison entity representing an affiliation of human beings, whether natural, prison or an aggregate of both, with a selected goal. business enterprise individuals percentage a not unusual purpose and unite to gain precise, declared dreams.
A company is a prison entity formed by way of a set of individuals to engage in and perform an enterprise—commercial or business—corporation. An organization may be prepared with diverse approaches for tax and financial liability functions depending on the corporate law of its jurisdiction. The 3 styles of enterprise entities that are maximum commonplace are the only proprietorship, confined liability agency (LLC), and organization. everyone has their personal awesome advantages and disadvantages, relying on what you and your business need.
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Suppose the probabilities of the recession or boom are .30, while the probability of a normal period is .40. would you expect the varaince of returns on these 2 investments to be higher or lower?
The standard deviation should decrease because there is now a lower probability of the more extreme outcomes. The expected rate of return on the auto stock is now
How is the variance calculated?
[0.3 × (–8%)] + [.4 × 5%] + [.3 × 18\%] = 5%[.3×(–8%)]+[.4×5%]+[.3×18%] = 5%
The variance is
[.3× (–8 – 5[tex])^2[/tex]] + [.4× (5 – 5[tex])^2[/tex]] + [.3×(18 – 5[tex])^2[/tex]] = 101.4
The standard deviation is √101.4 = 10.07 percent, which is lower than the value assuming equal probabilities of each scenario.
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Short-term finance deals with? the timing of cash flows. acquiring and selling fixed assets. financing long-term projects. capital budgeting. issuing additional shares of common stock.
Short-term finance deals with the timing of cash flows.
What is Short-term finance?Business finance from short-term, typically less than a year, sources is referred to as short-term financing. The same assists the organization in generating cash for operating expenses, which are often less in scale. It entails raising capital through online loans, credit lines, and invoice financing.It's also known as working capital financing, and it's utilized for things like inventory and receivables. In the majority of circumstances, this sort of financing is necessary in the business process because of the business's inconsistent cash flow or cyclical business cycle.To learn more about Short-term financing, refer to:
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Suppose a company paid $15,000 for supplies during the year and you determine that there were $2,000 and $3,000 in supplies at the beginning and end of the year, respectively. What was supplies expense for the year?.
Supplies expense during the year= $15,000.
Amount of Supplies at the beginning of the year= $2,000.
Amount of Supplies at the end of the year = $3,000
Total amount of supplies during the year = $15,000 + $2,000
= $ 17,000.
Amount of Supplies left at the end of the year is = $ 17,000 - $3,000.
Thus, Supplies expense of the company for the year $14,000.
The cost of consumables utilized during a reporting period is referred to as supplies expense. This could be one of the more expensive corporate expenses, depending on the sort of firm. Maintenance supplies, cleaning supplies, and products that are regarded as ancillary to the manufacturing process are all examples of factory supplies. The supply expense account appears in the cost of goods sold category on the income statement when they are typically attributed to expenditure as incurred. Items like paper, toner cartridges, and writing instruments are included in the category of office supplies. They are usually so inexpensive that they are added to expenses as they are incurred.
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A woman bought a for $700 and then sold it for $900. she bought it back for $800 and then sold it again for $500. how much did she gain or lose on these transactions?
In these transactions she gained $300.
The first time A woman bought a necklace for $300.
Women sold $700
woman gains = Gold bought: 700-300 = $400
she brought it back for 8900.
She loss gain - bought = $400-8900 = 8500
She sold again for $800
She gain = She sold again - she was
- 8800-$500 = $300
Cost 91 = $300 (05) C₂ = $900 Selling S₁ = $700 S2= 8800
C = 4+62 $1200
S = S₁+S₂ = 8700+ $800
C = $1200.
S = 81500
gain = S-C = $1500-$1200
gain = $300.
Transaction gains or losses end result from an exchange in trade quotes among the useful foreign money and the foreign money in which an overseas currency transaction is denominated. Take the promoting price and subtract the preliminary purchase charge. The result is the benefit or loss. Take the gain or loss from the investment and divide it by way of the unique quantity or buy price of the investment. Transaction Loss approach a loss that happens because the associated Popmoney transaction turned into canceled or rescinded as unauthorized or has been lower back to us and is un- collectible.
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What type of financial planning focuses on issues such as paying your monthly rent, paying tuition and fees, and cost of food, while still having some funds to use for entertainment, rest and relaxation?.
Personal financial planning focuses on issues such as paying your monthly rent, paying tuition and fees, and the cost of food, while still having some funds to use for entertainment, rest, and relaxation
You can reach your financial goals by creating a personal finance plan. These goals could be anything, such as saving for your child's college tuition, creating retirement plans, or having enough money to handle immediate expenses. This depends on your income, spending, saving, investing, and personal safety.
Managing your present financial needs and long-term financial plans requires an understanding of personal finance. The sooner you take charge of your own money, the better your long-term financial prospects will be for decisions like investing or retirement planning.
Knowing the basics of personal finance will help you see ways to improve your financial situation. This information can help you build a budget for short-term needs while creating long-term financial strategies.
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What is the opportunity cost of the first 20 computers? dvd(s) c. between which two consecutive points along the ppc is the opportunity cost of dvds the highest?
10 WRONG
B and A
Two consecutive points along the PPC is the opportunity cost of DVDs increasing.
What is the opportunity cost of moving from point C to D?The opportunity cost of moving from point C to D is 40 tons of oranges. The per-unit opportunity cost of moving from point C to point D is 1/2 ton of oranges (40 tons of oranges/80 tons of pears). Economic growth is shown by a shift to the right of the production possibilities curve.What is the opportunity cost of computers?Opportunity cost is a different metric for cost. The amount of wheat that could be produced using the labor required to make one computer, in our example, is the opportunity cost of a computer. Comparative advantage is the capacity to produce a good at a lower opportunity cost than another producer.To learn more about Opportunity Cost, refer
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Because price is not a factor in the eoq formula, quantity discounts will not affect eoq calculations.
true/ false
FALSE
If quantity discounts are offered, the EOQ might vary based on different holding costs
How do you calculate the economic order quantity?
To calculate the economic order quantity, you will need the following variables: demand rate, setup costs, and holding costs.
The formula is: EOQ = square root of: [2(setup costs)(demand rate)] / holding costs.
Economic order quantity (EOQ) is a calculation that businesses use to determine their ideal order size, allowing them to meet demand while not overspending.
Inventory managers compute EOQ in order to reduce holding costs and excess inventory.
Economic order quantity (EOQ) is a calculation that businesses use to determine their ideal order size, allowing them to meet demand while not overspending.
Inventory managers compute EOQ in order to reduce holding costs and excess inventory.
It makes no difference whether your company sells jelly beans, appliances, furniture, or airplanes.
Finding the economic order quantity for every product you buy will almost certainly have an impact on your bottom line.
Measuring and adhering to the EOQ can benefit any business that manages inventory.
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The use of anesthesia to perform dental procedures has only been pioneered in the last
decade or two.
O False
O True
Answer:
true
Explanation:
You have a stream of $1,000 payments, made evenly over 12 months starting today (time 0). what is the net present value of these payments using a 12 iscount rate?
NPV= Cash flow / (1+i) t −initial investment
where:
i = Required return percentage or discount rate
t = Number of time intervals
The concept of net present value (NPV) is used to calculate the current value of all projected future cash flows, including the initial capital expenditure. To determine which projects are most likely to generate the highest profit, it is frequently used in capital budgeting.
To determine the current value of a future stream of payments, one uses net present value (NPV). When capital planning, NPV is used to analyze whether a current investment will result in future positive cash flow. The discounted present value of all future cash flows associated with a project or investment will be positive and so appealing if the net present value (NPV) of that project or investment is positive.
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Brittany+bought+a+house+five+years+ago+for+$100,000+and+obtained+an+80%+loan.+now+the+home+is+worth+$125,000,+and+her+loan+balance+has+gone+down+$5,000.+what+is+brittany's+current+equity?
If Brittany bought a house five years ago for $100,000 and obtained an 80% loan. Now the home is worth $125,000, and her loan balance has gone down by $5,000. Brittany's current equity is $50,000
[tex]100000 * 80 = 80,000[/tex] = Loan amount
Since the home's worth changes from 100,000 to 125,000, while calculating equity we will consider 125,000 as the worth of the home
Brittany's current equity = [tex](125000 - 80000) +5000[/tex]
= [tex]45000 + 5000[/tex]
= $50,000
Equity is the ownership of assets that may be coupled with obligations or other liabilities in finance. Accounting equity is calculated by subtracting liabilities from the value of assets.
Equity guarantees that everyone receives equal treatment, opportunities, and growth. Equity seeks to identify and remove barriers that prevent certain groups from fully participating.
The definition of equity is "the state, quality, or ideal of being fair, equitable, or fair. Fairness and justice are synonymous with the concept of justice. It is beneficial not to consider justice solely as a desired state or a high value.
Hence, the answer is $50,000.
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The uncertainty of loss from fire, wind, or hail is a type of? a speculative risk b pure risk c risk retention d physical hazard
The uncertainty of loss from fire, wind, or hail is a type of Risk retention which loss is to be paid by insurance company .
What Does Risk Retention Mean ?
Instead of shifting the risk to an insurance company by purchasing insurance, risk retention refers to a person's or an organization's decision to assume responsibility for a specific risk it faces. That indicates that the person or business has decided against acquiring insurance to shift the cost of a loss to a third party and will cover any damages out of their own pocket.
Companies frequently decide to keep certain risks when they think that doing so will be less expensive than fully or partially insuring against them. One example of a risk that many businesses decide to keep is shoplifting losses, as opposed to obtaining or making a claim on their crime insurance policy.
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Obtaining resources and defining tasks and deadlines are part of which phase in the strategic marketing process?
a. planning
b. implementation
c. differentiation
d. evaluation
In the strategic marketing process, the execution phase includes acquiring resources and establishing tasks and deadlines.
The steps you take to market your business are meant to draw customers to it. By introducing them to your offerings and sharing content with them, you hope to pique their interest and influence their decision to work with you. To draw customers to your business, however, marketing is necessary, therefore it's important to understand how to draw customers and, more importantly, who you want to draw customers to your business in the first place. Being successful in your marketing procedures would be difficult without this crucial information. It is through strategic marketing that you may obtain this knowledge. We'll define strategic marketing in this post and outline the many stages of the process so you may advertise your company successfully, draw in clients, and grow your revenue.
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If the mpc is .75, then a $50 billion increase in investment would result in an increase in gdp of:__________
If the mpc is .75, then a $50 billion increase in investment would result in an increase in gdp of: $140 billion decrease.
1/(1-.75)= 1/(.25) =4 = 35 billion * 4 = 140 billion decrease. A high MPC indicates that the proportion of increased income spent on goods and services approached the particular amount of that increase. Conversely, an occasional MPC means a person spent less of that increase in income and instead, put the money into savings.
You should test the equation to sway yourself that the lower the MPC of a rustic, the greater the multiplier effect for changes in GDP! The factor 1/(1 − MPC) is named the multiplier. If an issue tells you that the multiplier is 2.5, that means: Change in GDP = 2.5 × Change in AD.
The marginal propensity to consume is adequate to ΔC / ΔY, where ΔC is the change in consumption, and ΔY is the change in income. If consumption increases by 80 cents for every additional dollar of income, then MPC is capable of 0.8 / 1 = 0.8.
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In the early days of virtual reality systems, what type of training applicaiton, developed by the bell helicopter company, used displays connected to a camera to give a satisfactory sense of reality, and ultimately led to the dist head-mounted display?.
During the early days of virtual reality systems, the training application developed by bell helicopter company was the VR technology.
A simulated experience, or virtual reality (VR), might resemble or be entirely unrelated to the real world. Virtual reality has several uses, including entertainment, particularly video games, education, such training for the military or in the medical field, and business, like virtual meetings. Aside from virtual reality, other different forms of technology comprise enhanced reality and mixed reality, also known as extended reality or XR, however definitions are still evolving as the field develops. Present-day virtual reality systems provide lifelike visuals, sounds, and other sensations that mimic a user's actual presence in a virtual environment using either virtual reality headsets or multi-projected environments
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The effective income tax rate for the company is most likely to have an effect on amazon's:____.
The percentage of income that a corporation or individual pays in taxes is known as the effective tax rate. Instead of the marginal tax rate, it refers to the company's entire tax rate.
The term "effective tax rate" usually refers to federal income taxes and excludes state and local taxes, as well as any possible property taxes, sales taxes, and other taxes that a person may be subject to. A useful statistic for comparing the effective tax rates of two or more entities is the effective tax rate calculation. The corporation avoided nearly $5.2 billion in federal income tax in 2021 thanks to its effective federal income tax rate of 6%. Without any tax incentives, Amazon would have owed more than $7.3 billion in taxes if it had paid the statutory 21 percent tax rate on its 2021 U.S. income.
The percentage of income that an individual or corporation pays in taxes is known as the effective tax rate. The average rate at which a person's earned income, such as wages, and unearned income, like stock dividends, are taxed is known as the effective tax rate.
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You're working on a project that has an ev of $5316 and a pv (bcws) of $7203. what's your sv?
EV of the project stands for the earned value. The worth of the labour that has already been done is known as earned value. Earned Value will show you the value that the project has generated even if it is terminated right now.
PV of the project stands for the planned value. Planned Value is the agreed-upon value of the job that will be finished in a specific amount of time. It is the value that, according to the schedule, you ought to have obtained.
SV of the project is the scheduled variance. It is a calculation that compares predicted progress to actual progress to determine if a project is on schedule.
Calculation:
SV of the project will be -$1887
SV = EV - PV
SV = 5316 - 7203
= -$1887
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Mary is single and has $4,500 in salary as her sole source of income. mary also sustains a long term capital loss $10,000. what is mary's capital loss carryforward to future years?
Mary's capital loss carryforward to future years is $7,000.
A capital loss is a distinction between a lower promoting rate and a higher purchase charge or fee price of an eligible Capital asset, which commonly represents a financial loss for the seller. this is awesome from losses from selling goods underneath value, which is normally taken into consideration as loss in commercial enterprise profits.
A capital loss is the loss incurred while a capital asset, including investment or actual estate, decreases in value. This loss isn't always realized till the asset is bought for a charge that is decreased than the original buy price.
Up to a maximum of $3,000 can be set off against her salary and a balance of $7,000 can be carried forward to future years. The long-term capital losses are not allowed to be set off against the salary income.
$10,000 - $3,000 = $7,000
Hence, $7,000 is carried forward to future years.
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An investor buys a t-bill at a bank discount quote of 2.1 with 24 days to maturity. the investor's annual rate of return on this investment was?
The investor’s annual rate of return in this investment is 2.3%
Given, here bank discount quote of 2.1% or 0.021 with 24 days to maturity.
On assuming the face value of the T bill is (F) = $10000 and price paid is (P), which can be calculated as,
P= F× { 1- (discount rate × maturity) /360}
P= 10000{ 1-(0.021× 24) /360}
= 10000× 0.9986
P= 9986$
Now, we calculate the actual annual return of the investment by formula,
Actual annual return = (F/P-1) × 360/no.of days to maturity.
= (10000/9986-1) × 360/21
= 0.023 or 2.3%
Thus, the actual annual return on the investment is found to be 2.3%.
An investment’s average yearly return over a given time period is known as its annual return . For calculating what the yearly return compounded would appear to be, the return is annualised using a geometric average calculation. Annual return can be calculated for any asset, commodity, bonds or mutual funds.
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A price reduction to customers who pay their bills promptly is called:________
a. a sales return.
b. an operating expense.
c. cost of goods sold.
d. a sales discount.
e. a sales allowance.
A sales discount is a price reduction to customer who pay their bills promptly.
A sales discount is provided to a customer of the business who have taken one or more than one product or services being offered. Sales discount is commonly known as the discount provided to the customer. Discount is generally given to the industries or business offering sales of a product or services. There are many different ways to apply discount. Sales discount is paid to the customer who pays their bills promptly without any dues or on Monthly EMI. It also plays a key role in having customer base market.
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True or false? an employee does something as a company representative with the knowledge of that company and this action is deemed illegal. the company would be legally responsible for this action.
When an employee acts in the capacity of a company representative with the knowledge of that company, the activity is regarded as illegal. Legal liability for this action would fall on the company. It's true.
When an employee acts in the capacity of a company representative with the knowledge of that company, the activity is regarded as illegal. Legal liability for this action would fall on the company. It's true.
Company Representative refers to any individual at the time who has been authorized to act on behalf of the Company by a written certificate provided to the Issuer and the Trustee bearing the sample signatures of such individuals and signed on behalf of the Company Representative by the President or any Vice President of the Company.
State Monitoring & Grievance Committee: The committee will be presided over by the CEO of SHAA, and members will include the Additional Mission Director of NHM, the Director of Public Health, the Dean of the Government Medical College, an insurance company representative, GM/CMD from a public sector insurance company, and a representative of the Risk Management Organization.
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Some of the disadvantages of ______ is that the firm risks giving control of its technology to its partner and the shared ownership can lead to conflicts for control.
Joint ventures has a disadvantage is that the firm risks giving control of its technology to its partner and the shared ownership can lead to conflicts for control.
What is meant by Joint ventures ?
A joint venture (JV) is a type of business agreement in which two or more parties concur to combine their resources in order to complete a certain task. New projects or any other business endeavors may be included in this duty.
In a JV, each partner is accountable for the venture's gains, losses, and expenses. Although distinct from the participants' other economic interests, the venture is nonetheless its own legal company.
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A lineman with 11 months on-the-job experience was electrocuted while working on grounded de-energized lines. He was working from a defective basket on an articulated boom aerial lift when the basket contacted energized lines which ran beneath the de-energized lines. The defective basket permitted current to pass through a drain hole cut into the body of the basket, then through the employee, and to ground via the de-energized line. What could have been done to avoid this accident?.
As they were working from a defective basket on an articulated boom aerial lift when the basket contacted energized lines which ran beneath the de-energized lines in which the current cut into the body of the basket, then through the employee, and to ground via the de-energized line, the action that could have been done to avoid this accident includes:
A. Guards or barriers should have been erected as necessary to adjacent energized lines.C. The worker should have been instructed on how to recognize and avoid unsafe conditions and also on regulations that apply to their work environment.E.Had an inspection or test occurred before starting work, the defect would have been noted.What is an accident?Basically, an accident refers to any unfortunate incident that happens unexpectedly and unintentionally, which typically resulting in damage or injury. At a workplace, the provisions of the Workplace safety laws seeks to prevent against any accident.
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When determining productivity, which of the following is not an economic input
D. the amount of money required to buy a car, is not a factor of production.
Economists divide the elements of production into four categories: land, exertions, capital, and entrepreneurship. The effective elements are generally categorized into three organizations: land, labor, and capital. the primary represents sources whose supply is low in terms of call for and can't be expanded because of the result of manufacturing. The earnings derived from the possession of this aspect are known as a financial lease.
The four elements of production are land, exertions, capital, and entrepreneurship. they may be said to be the constructing blocks of the economic system. Expenditure does not come below the 4 predominant elements of production. The 1/3 factor of production is capital.
Disclaimer:- your question is incomplete, please see below for the complete question.
When determining productivity Which of the following is NOT a factor of production?
A. the land required for a hog farm
B. the training required to repair an airplane engine
C. the teacher required to teach an economics class
D. the amount of money required to buy a car
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A street vendor sells two types of newspapers, one for $0. 25 and the other for $0. 40. If she sold 100 newspapers for $28. 00, how many newspapers did she sell at $0. 25?.
The street vendor sold 80 newspapers for $0.25.
Let he sell x no. of one type newspaper cost $0.25.
Than the no. of another type of newspaper have cost $0.40=100−x
Then according to the question
=0.25(x)+0.40(100−x)=28
=0.25x+40−0.40x=28
=0.25x−0.40x=28−40
=−0.15x=−12
=x=12/0.15
=80
The street vendor then sells 80 newspaper of one type having cost 0.25.
Linear equation: It is an equation of the type Ax + B = 0, where the A and B are a type of real numbers whereas, x is a variable which is unknown and since it involves only one variable means it will have only one solution .
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Assume baldwin is producing 2,226 units of bit next year. what would bit's plant utilization be?
The bit's plant utilization is 148.4%.
calculating,
utilization = [tex]\frac{future production}{full capacity production}[/tex]
= [tex]\frac{2226}{1500}[/tex]
= 1.484 x 100
= 148.4%
A factory's use as a percentage of the total time it could be used to produce goods or the number of machines being used as a percentage of the total number that could be used is referred to as plant utilization. The factory's actual monthly or annual output is multiplied by 100, and its utilization rate is then determined by dividing the result by the factory's annual or monthly maximum output. An organization's capacity utilization rate should ideally be 100%. A business wouldn't want to maintain 100% production for very long, though. To boost its revenue, it would like to increase its production capacity.
Note that the full question is:
Assume Baldwin is producing 2,226 units of Bolt next year from 1,500 produced this year, which is at 100%. What would Bolt's plant utilization be?
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A car has a base price of $23,800.00. Options cost $356.00, $785.00, and $900.00 for stereo, wheels and paint. Destination charges are $640.00. The dealer pays 82% of the base price and 75% of the options. Determine the sticker price.
$25,000.00
$23,800.00
$26,481.00
$25,841.00
The sticker price of the car is $26,481.00 based on the component costs provided
What is the sticker price of the car?
The sticker price of the car comprises the retail price, the cost of options as well as the destination charges, which is also referred to as the cost for economy mileage, bearing in mind that sticker price is the price of car written on a sticker and affixed to a car.
The sticker price=base price+cost of stereo+cost of wheels+cost of paint+destination charges
base price= $23,800.00
cost of stereo=$356.00
cost of wheels=$785.00
cost of paint=$900.00
destination charges=$640
sticker price=$23,800.00+$356.0+$785.00+$900+$640.00
sticker price=$ 26,481.00
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In both price-taker and competitive price-searcher markets, short-run economic profits will lead to?
In both price-taker and competitive price-searcher markets The entry of additional firms into the market and the eventual restoration of zero long-run economic profits.
What it means to be a price taker?A price-taker is a private or company that must accept prevailing prices in a market, lacking the market share to influence market value on its own. thanks to market competition, most producers also are price-takers
A price-taker is a private or company that must accept prevailing prices in a market, lacking the market share to influence market value on its own. All economic participants are considered to be price-takers during a market of perfect competition or one in which all companies sell an identical product, there are not any barriers to entry or exit, every company features a relatively small market share, and every one buyers have full information of the market
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