A market situation in which the average total costs of production continually decline with increased output until the entire market is supplied is called natural monopoly.
A natural monopoly is a market situation where a single firm is able to supply a good or service to an entire market due to certain cost advantages. This cost advantage often comes from economies of scale, which means that the average cost of production decreases as the company increases its production.
This allows the single firm to have a significant cost advantage over potential competitors, allowing it to dominate the market. As a result, the single firm is able to charge prices that are higher than what would be the case in a competitive market.
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offshoring, producing goods in foreign countries, can save money. foreign laborers often do not require the same compensation or benefits as u.s. workers. this practice helps a business meet its financial goals, but it does not help the labor force within its own nation. in fact, with offshoring, local jobs are often eliminated, putting families and entire communities in economic jeopardy. what do you think? should businesses use offshoring to produce their products? are there any circumstances in which offshoring would be appropriate?
Offshoring is the process of moving a company's activities to a nation other than its home one. The major motivations for businesses to offshore are to save labor costs, access new markets, and benefit from tax incentives.
Why is shifting production overseas a wise move?One of the possible benefits of outsourcing is that businesses may be able to save money by hiring people from other nations to complete the same tasks for less money than it could cost to do so in North America. New markets are developed. A business may be able to increase the number of nations in which its customers come from by having an offshore presence.
As a result, due of the cheaper labor, many businesses decide to offshore to emerging nations. Companies may gain from cheaper operational costs such as rent for space and equipment, among other things, in addition to lower pay. because launching a business in a developing nation involves less financial outlay.
Why would a company seek to move its operations to a different country?Companies outsource their operations largely to take advantage of tax breaks, cut labor costs, and access new markets. Offshoring has a number of benefits, such as: reduced labour costs One of the numerous benefits of outsourcing is that labor costs can be greatly reduced.
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jeff kaufman decides to bank with paris first national bank (pfn). he opens a checking account by depositing $1,000. according to the pfn balance sheet, after this initial $1,000 checkable deposit, there are $1,000 in:
Jeff Kaufman selects Paris First National Bank as his bank (PFN). He creates a checking account by depositing $1,000 into it.
The PFN financial statement reveals that?
Banks serve as intermediaries between depositors (who provide the bank money) and borrowers (to whom the bank lends money). Both the fees that banks charge for deposits and the income they receive from loans are referred to as interest. The word bank is derived from the Italian word banco, which means bench, because Renaissance Italian traders established contracts to borrow and lend money next to a bench. They placed the cash on the bench. Simple financial records have been around since the beginning of time.
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you are a project manager for a large manufacturing company. an internal project has been formally approved and you are in the process of identifying key stakeholders. where would be the best place to start?
You are a project manager and you are in the process of identifying key stakeholders. Project charter would be the best place to start.
A project manager is a key position in any organization. They are responsible for developing project plans, leading team meetings, delegating tasks, and tracking progress against goals. They need to be highly organized, possess strong problem-solving skills, and be able to communicate effectively with a wide range of stakeholders.
In addition, a project manager must have the ability to multitask, remain focused under pressure, and quickly adapt to changing requirements. With the right set of skills, a project manager can be the driving force behind a successful project.
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if in addition to having a low market growth rate, the railroad-loading industry has small market size, high capital requirements, and high competitive intensity, what would be the most positive classification railroad loading could receive? average business question mark winner profit producer
The most positive classification that railroad loading could receive would be "Profit Producer."
What is Profit Producer?Profit Producer is a business management software program designed to help entrepreneurs maximize their profits. It is a comprehensive solution that allows business owners to manage their finances, track customer information and sales, and analyze their performance. With Profit Producer, users can create financial statements, generate invoices, and monitor their sales pipeline. They can also view their expenses, manage their inventory, and track customer activity. It is a powerful tool that helps entrepreneurs make better business decisions and maximize their profits.
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most consumers take things, even formerly new and exciting things, for granted after a while. this statement is correct/true. does this fact represent a threat or opportunity to new product developers, or does this fact represents an opportunity something else altogether?
After a while, many, if not most, customers start to take things for granted, even those that were once novel and thrilling. This is accurate and true. For those who create new products, this reality presents an opportunity.
What options does a new product present?When there is a gap between the items that are now on the market and those that might one day be created as a result of expanding trends, either new or much improved products, a product opportunity is created.
Why is this an opportunity to launch a new product?By developing new products, one can increase sales, improve revenue streams, and reach out to new markets. While doing this, it is possible to alter current products to save costs, increase margins, and ultimately increase profits.
How can we identify opportunities for the development of new products?Exploring the possibility of new products includes coming up with, creating, and evaluating new product idea concepts. The fundamental stages include comprehending the need for new products, identifying present and potential sources of ideas, articulating internal and external requirements, and assessing opportunities.
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Below are the account balances for Cowboy Law Firm at the end of December.
Accounts Balances
Cash $ 3,700
Salaries expense 1,350
Accounts payable 1,700
Retained earnings 4,550
Utilities expense 1,000
Supplies 12,100
Service revenue 7,600
Common stock 4,300
Required:
Use only the appropriate accounts to prepare an income statement.
Accounts Balances
Cash $ 3,700
Salaries expense 1,350
Accounts payable 1,700
Retained earnings 4,550
Utilities expense 1,000
Supplies 12,100
Service revenue 7,600
Common stock 4,300
COWBOY LAW FIRM
Income Statement
Service revenue
Expenses:
Salaries expense
Total expenses
Use only the appropriate accounts to prepare an income statement.
The appropriate accounts to prepare an income statement are Service revenue, Expenses:, Salaries expense and Total expenses .
Preparing the statement:COWBOY LAW FIRM
Income Statement
Service revenue 7600
Expenses:
Salaries expense 1350
Utilities expense 1000
Total expenses 2350
Net income 5250
How does an income statement work?
A company's profits, expenses, and revenues over time are shown on an income statement. Earnings statement and profit-and-loss (P&L) statement are other names for it. It displays your: income from the sale of goods or services. expenses for managing your business and generating revenue.
What is an example of an income statement?A company's income and expenses are shown in an income statement, which is a financial statement. A company's profit or loss for a given time period is also shown. The cash flow statement, balance sheet, and income statement all help you understand your business's financial health.
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you are buying a house with a mortgage of $250,000. what are the monthly payments of the 30-year mortgage if the annual percentage rate (apr) is 4%? g
Mortgage payments per month for a $250,000 loan
Your monthly mortgage payment on a 30-year mortgage at a fixed interest rate of 4% might be $1,193.54 while a 15-year mortgage might cost $1,849.22.
The APR is what?The annual percentage rate (APR), which is presented as a percentage of the principal loan amount, is a figure that sums up the annual cost of borrowing money. The annual percentage rate (APR) on a credit card or loan seeks to provide a thorough picture of how much borrowing money will cost.
What is APR stand for?The cost you incur annually for borrowing money, including fees, is stated as a percentage and is known as the annual percentage rate (APR). As it includes both the interest rate and the fees you must pay to obtain the loan, the APR provides a more comprehensive picture of the cost of borrowing money to you.
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there are two borrowers, one is white and the other is african american. they have very similar credit profiles. the white applicant is approved, and the african american is denied. these loans were approved and denied at the discretion of the lender and an automated underwriting system was not used. this is an example of:
Communist countries worked on the premise that government officials were in the best position to allocate the economy’s scarce resources.a. Trueb. False
Communist nations operated under the theory that decision-makers in the government were in the best position to distribute the economy's limited resources. It's accurate.
A system of interconnected production, consumption, and trade activities is called an economy, and it ultimately determines how resources are distributed among all of the players. To meet the requirements of persons residing in and participating in the economy, commodities and services are produced, consumed, and distributed.
The majority of the US economy is market-based. Producers choose what is produced and sold, as well as the pricing to charge. Producing what customers want and charging what customers are willing to pay are prerequisites for success.
Prices and overall production are governed by the principles of supply and demand through these choices. Production typically expands to meet demand when customer demand for a particular product rises. Prices grow as a result of the higher demand, and eventually consumers become uncomfortable and reduce their purchases. Prices will then start to drop along with the reduction in demand for the goods.
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question:which statements are true regarding closed end investment companies? i the initial offering of shares is made under a prospectus ii shares are redeemable with the issuer at net asset value iii shares trade in the secondary market at prevailing market prices iv the portfolio of investments is not managed
The only accurate statement about a closed-end investment corporation is that it is traded publicly at the going rate.
What exactly is a closed-ended investment?A closed-end investment is a kind of mutual fund that, in order to raise money for its initial investments, issues a set number of shares through a single initial public offering (IPO). Then, its shares can be purchased and traded on a stock exchange, but no new shares or funds will be generated for the fund. A closed-end fund is a fund that raises capital by issuing a certain number of shares that are not redeemable and then invests that capital in financial assets like equities and bonds. Contrary to open-end funds, managers of closed-end funds do not issue additional shares to satisfy investor demand.
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which of the following is an example of downward communication in an organization? a. four accountants meet to discuss the quarterly financial reports. b. a business professor submits a conference report to her dean. c. the cfo sends information about a new accounting regulation to employees in the accounting department. d. members of a task force submit a progress report to the ceo.
The ceo sends information about a new accounting regulation to employees in the accounting department, is an example of downward communication in an organization.
What is an downward communication in an organization?The act of communicating significant information downward from higher levels to lower ones within a business or organization is known as downward communication.Sharing policies and procedures inside the organization is an example of downward communication, which makes sure that everyone is aware of the rules they must abide by by guaranteeing the uniformity of the communicated information.Downward communication serves to inform the employees about significant organizational changes, new objectives, or initiatives.To learn more about downward communication refer:https://brainly.com/question/14301272
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syracuse passes a law that requires local businesses to recycle. it doesn't conflict with any state or federal laws. what is law that allows them that power?
When a municipal ordinance directly conflicts with a state or federal statute, state law will take precedence.
Which company is the best?For instance, Apple has the highest market capitalization, but American multinational retailer Amazon is the biggest business globally in terms of sales. The top 10 corporations in the world by share value as of 2 September 2022 are shown below.
What three types of businesses are there?There are three main business structures: the sole proprietorship, the partnership, and the corporation. Each has their own benefits and shortcomings.. Here is a summary of the information you should know about each of them. You are the single proprietor of the company under a sole proprietorship.
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true or false: a company wishing to do business internationally would be interested in knowing a country's divorce rate because it would affect the buying habits of women.
The divorce rate of a nation would be of importance to a firm looking to expand abroad since it would influence women's purchasing patterns. TRUE
Divorce: What Is It?The process to end a marriage or marriage is called divorce (sometimes called divorce). The legal duties and obligations of marriage are usually dissolved or rearranged as part of a divorce that ends the marriage between the spouses under the laws of that state or states. In most states, a divorce requires the approval of a court or other agency in a legal process that can include issues of property division, child custody, alimony (spousal support), child visitation/visitation, parenting time, alimony, and debt allocation. . . Divorce laws vary widely in different parts of the world. Since monogamy is usually prohibited by law, divorce allows both ex-partners to remarry.
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hours from a perfectly competitive market. (a) using correctly labeled side-by-side graphs of the factor market for machines and the john lamb company, show each of the following. (i) the equilibrium rental price of machines in the factor market, labeled as pr (i) john lamb's equilibrium rental quantity of machines, labeled as o. (b) assume that the popularity of widgets declines, decreasing the demand for widgets. what will happen to each of the following? (i) marginal product curve for machine-hours (il) marginal revere product curve for machine- hours. explain. (c) john lamb is employing the cost-minimizing combination of inputs. the marginal product of labor is 28 widgets per worker hour and the wage rate is $14 per hour. the marginal product of the machine is 60 widgets per machine-hour. what is the hourly rental price of
(a) (i) The equilibrium rental price of machines in the factor market, labeled as PR, can be shown on a side-by-side graph with the John Lamb Company's equilibrium rental quantity of machines, labeled as O.
What is factor market?Factor market is a market where the production factors such as labor, capital and land are bought and sold. In this market, people and businesses buy and sell the production factors that they need to produce goods and services. The buyers of the production factors are businesses, while the suppliers are households.
(b) (i) The marginal product curve for machine-hours will shift downwards. This is because the decline in demand for widgets reduces the value of a machine-hour, causing the marginal product of machine-hours to decrease.
(ii) The marginal revenue product curve for machine-hours will also shift downwards. This is because the decline in demand for widgets reduces the marginal revenue of machine-hours, causing the marginal revenue product of machine-hours to decrease.
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any person who knowingly sells solicits or negotiates insurance products with a person or entity that is not licensed in arkansas is guilty of what
Any person who knowingly sells solicits or negotiates insurance products with a person or entity that is not licensed in arkansas is guilty of: A class D felony.
In general, misdemeanours are less serious than felonies but more serious than crimes. Misdemeanors typically result in a fine, probation, or a maximum of one year in county or local jail. Shoplifting, vandalism, public intoxication, and small-time theft are examples of common crimes. Some crimes might be categorised as felonies or misdemeanours depending on the state.
For instance, driving while intoxicated (DUI) is frequently considered a misdemeanour in several states. The circumstances surrounding the incident, the offender's criminal history, and occasionally whether the offence was a misdemeanour or felony can all affect how severe the punishment for a misdemeanour will be.
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Johnny is a sophomore in college and has & 1.5 cumulative grade point average (OPA). Johnny's cumulative GPA will be better next semester if he performs better than he did last semester (iilperforms better than his cumulative GPA (lles an average performance. Select one: a. (i) onh b. (ai) only c. (i) and (i) d. (i) and ii)
Johnny is a sophomore in college and has a cumulative grade point average of 1.5. Johnny's cumulative grade point average will be better next semester if his grades are better than his cumulative grade point average.
Johnny's grades can only get worse if he's worse than his cumulative grade point average and lower than he's ever been. The last option, Johnny's performance being worse than last semester does not necessarily affect his grade point average.
Cumulative GPA is the overall GPA that Johnny has received since he started school.
A slightly lower score than his final semester doesn't necessarily mean his cumulative GPA will decrease, as his final semester may have been one of his best semesters and perhaps even better. So option B is correct.
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Which of the following is an advantage of joint ventures as a mode of entry into foreign markets?The foreign firm benefits from a local partner's knowledge of the host country.
The overseas firm benefits from a neighborhood partner's understanding of the host country.
Exporting is the sale of products and services in overseas countries that are sourced from the domestic country. The benefit of this mode of entry is that companies avoid the rate of organising operations in the new country.
What is joint project mode of entry?Joint Venture
Creating a 0.33 corporation with some other accomplice is often the desired market entry method, in particular in rising markets. A joint project means that the employer can take advantage of the partner's infrastructure, neighborhood expertise and reputation.
What main benefit does a foreign joint assignment have?Advantages. Many of the advantages associated with global joint ventures are that they supply groups with the chance to obtain new capability and information and they permit businesses to enter into associated enterprise or new geographic markets or achieve new technological knowledge.
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https://brainly.com/question/29408588#SPJ4kat is producing a video for her family in amarillo. she is living in new york city, working as an intern with a video production company. she'll be seated in front of her bookshelf, and she even moved a plant into the scene. kat hasn't seen her family for a month, so she wants to look good as she shares her news. what light source(s) should she use to make a professional-looking video?
For a professional-looking video, she should utilize a strong light source pointed at herself, a second light source focused at the background, and a third light source positioned in-between the two.
As an intern for the following reasons:Networking & Professional Connections:
"It's all about who you know" is a cliché that you've probably heard countless times. Early in your career, the more professional relationships you develop, the more doors and opportunities will become available to you. When you work as an intern for a production company, you'll be surrounded by people in the business who can mentor you or who will see for themselves how dedicated you are to the craft.
** Develop Important Skills
Increase Your Interests
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A car dealership sells 200 vehicles in the month of June and then sells14 more vehicles in the month of July. This can be modeled by the numerical expression 200 14 (200). Simplify the expression to find how many cars were sold in July.The dealership sold cars in July.
Use of fill, auxiliaries, and question tags are all examples of English question patterns.
What does the word "dealership" actually mean?dealership definitions. a firm created or run under a permit to offer or distribute a firm's goods or services within a particular location. equivalents: franchise. business, specific market, business organization, business organization, and concern are examples of this category.
How do dealerships operate?Dealers are those who buy items or goods from producers and resell them. A dealer is just someone who exchanges a certain good or thing. Dealers can draw customers, therefore they vary from distributors in that they occasionally serve as an intermediary between the two.
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Boehm Corporation has had stable earnings growth of 5% a year for the past 10 years, and in 2019 Boehm paid dividends of $9 million on net income of $15 million. However, net income is expected to grow by 32% in 2020, and Boehm plans to invest $11.0 million in a plant expansion. This one-time unusual earnings growth won't be maintained, though, and after 2020 Boehm will return to its previous 5% earnings growth rate. Its target debt ratio is 30%. Boehm has 1 million shares of stock.
Calculate Boehm's dividend per share for 2020 under each of the following policies:Its 2020 dividend payment is set to force dividends per share to grow at the long-run growth rate in earnings. Round your answer to the nearest cent.
It continues the 2019 dividend payout ratio. Round your answer to the nearest cent.
It uses a pure residual policy with all distributions in the form of dividends (30% of the $11.0 million investment is financed with debt). Round your answer to the nearest cent.
It employs a regular-dividend-plus-extras policy, with the regular dividend being based on the long-run growth rate and the extra dividend being set according to the residual policy. What will the extra dividend be? Round your answer to the nearest cent.
Boehm Corporation's dividend per share is computed according to the given policies as follows.
What is an example of a dividend?A dividend is money distributed from profits to shareholders. They often receive quarterly pay. For instance, Comcast has been making periodic distributions for a number of years, with the price per share for its 2021 third-quarter issuance set at $2.08.
For 2020, the dividend payout ratio if the 2019 dividend yield is maintained will be $378,000; $3,210,000 if the 2020 dividend payout is set to need per-share dividends to increase at the long-run rate of growth in earnings.
Use of a pure residual strategy with $4,380,000 in dividends as the only type of distribution
Extra $2,900,000 in dividends.
A) The Dividend Payout Ratio's formula is as follows:
Distribution/Net Income
Consequently, for 2019,
Payment of dividends
= ($3,000,000/$5,000,000) × 100
= 60%
Income in 2020 with a 7% growth rate
= $ 5,000,000 × 1.07 (that is 107%)
= $5,350,000
Hence the 2020 Dividend
= $5,350,000 ×60%
= $3,210,000
Consequently, Dividend Per Share (since there are no special dividend or share outstanding)
= $3,210,000
B) If the 2019 dividend payout ratio is maintained, the dividend per share.
Dividend = Net income × payout ratio
Dividend = $5,000,000 ×1.26 × 60%
Dividend = $3,780,000
C) Where there is the use of pure residual policy with all distribution in form of dividend
Total Investment = $3,000,000
Debt finance
= $3,000,000 × 36%
= $1,080,000
Note that the Dividend for 2020
= Net Income - (Capital investment - Investment via debt financing)
Dividend
= $6,300,000 - ($3,000,000 - $1,080,000)
Dividend
= $6,300,000 - $1,920,000 = $4,380,000
D) Extra dividend calculated
Total Dividend = Regular dividend at long-run growth rate + extra dividend
Debt ratio = 30%
Equity ratio = 100% - 30% = 70%
Extra Dividend
= Net income - (Equity ratio * Investment)
Extra Dividend
= $5,000,000 - ($3,000,000 × 70%)
Extra Dividend
= $5,000,000 - $2,100,000
= $2,900,000.
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g Ramani earned $1,960.50 during the most recent biweekly pay period. He contributes $100 to his 401(k) plan. He is married filing jointly, has standard withholding and has filed a 2020 Form W-4. Based on the following table, how much Federal income tax should be withheld from his pay
Your Form W-2, Wage and Tax Statement, lists the funds deferred under your 401(k) plan.
Briefing:-Despite not being considered current income for federal income tax reasons, elective deferrals are nonetheless considered wages for the purposes of Social Security (FICA), Medicare, and federal unemployment taxes (FUTA).
Which retirement funds from the list below mandate a 20% obligatory withholding obligation on distributions?On withdrawals from 401(k) and 403(b) accounts, the IRS mandates a statutory withholding of 20% of the federal income tax; but, on distributions from IRAs, you are free to choose how much, if any, should be deducted.
What is the IRS Form W4R's default rate for federal withholding on non-periodic payments?The default withholding rate for nonperiodic payments is 10%. By specifying a rate on line 2 that ranges between 0% and 100%, you can opt to have a different rate. For payments to be delivered outside of the United States and its possessions, you generally cannot select less than 10%.
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what are the key questions for management concerning cycle counting? (select all that apply.) multiple select question. who should count it? where should the inventory be stored? what inventory should be counted? when should cycle counting be performed? how much accuracy is needed?
The key questions for management concerning cycle counting are as follows :
who should count it? when should cycle counting be performed? how much accuracy is needed?Give a brief account on cycle count.In a cycle count, you follow a routinely repeated series of checks on a subset of inventory as part of a perpetual inventory auditing method. Cycle counts differ from conventional physical inventories in that a conventional physical inventory requires a facility to shut down while all of the items are counted. Cycle counts can be modified to focus on products with higher value, higher movement volume, or those are essential to business processes, and thus are less disruptive to regular operations while also providing an ongoing gauge of inventory correctness and procedure execution. Although some claim that cycle counting should only be used in facilities with high levels of inventory accuracy, cycle counting is a way to achieve and maintain high levels of accuracy.
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error of reversal of entries error of omission calculation error error of principle Ben was adding up the total sales for the day. He committed an error in addition. Cynthia received $500 cash from her debtor. She debited the amount in the cash account instead of crediting it. Darryl overlooked an amount of $250, which he paid as transport expenses. Erica bought a secondhand van for her business. She entered this as a transport expense instead of recording it as an asset for the business.
Ben made a calculation error in the example scenario by adding the total revenues in the wrong way. Cynthia accidentally reversed the entries by debiting the cash account rather than crediting it. Darryl made an oversight by forgetting to include $250 that was paid for transportation costs. Erica made a fundamental blunder when she recorded the cost of a van as a transportation expense rather than an asset.
What are calculation errors?Improperly multiplying, dividing, adding, or subtracting numbers are also called calculation errors.
Number digits being switched around.
Incorrect carrying or borrowing in mathematical calculations.
Utilising an incorrect formula or function known as calculation error.
Incorrect application of the order of operations.
Being unfamiliar with the measurement unit.
Incorrect rounding of the numbers.
Utilising an incorrectly configured or functioned calculator or spreadsheet.
Not checking the calculations twice also related to calculation errors.
Assuming that the calculations will be accurate without checking them with a sample of data.
Utilising only one computation method without double-checking with another.
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If China needed to import only 20% of the grain it needs, it would take up how much of the grainexported by all the countries of the world?a.10%b.20%c.30%d.40%e.50%
China would consume 50% of the grain generated by all nations in option (e) if it only needed to import 20% of the grains it needs.
Grain is what, exactly?The harvested seed for grasses including maize, cereals, rice, and corn is known as grain. The grains sorghum, millet, rye, & barley are also significant. Grains, often known as cereals, represent the most significant staple food on the planet.
What foods fall under the category of grains?Grain products include anything containing wheat, rice, oat, cornmeal, barley, or any cereal grain. Grain items include things like tortillas, bread, pasta, cereal for breakfast, grits, and so on. The Grains group also encompasses foods like popcorn, rice, and oats.
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The Complete Question :
If China needed to import only 20% of the grain it needs, it would take up how much of the grainexported by all the countries of the world?
a.10%
b.20%
c.30%
d.40%
e.50%
The advantages of using an export strategy to build a customer base in foreign markets include:
a. being cheaper and more cost-effective than licensing and franchising.
b. being cheaper and more cost-effective than a multi-country strategy.
c. being more suited to accommodating local buyer tastes and host government regulations than a global strategy.
d. being able to minimize shipping costs, avoiding tariffs, and curbing the effects of fluctuating exchange rates.
e. minimizing its risk and direct investment requirements.
(e.) minimizing its risk and direct investment requirements. The benefits of utilizing an export strategy to establish a clientele in international markets include lowering the risk and need for direct investment.
A company's exporting strategy determines which countries it will sell to as well as how it will export to those nations. It sets the price plans, the goods that will be sold, the markets that will be served, and the methods for exporting the goods. Starting with the goods or services you provide is the first step in any exporting plan. Some businesses and organizations mistakenly assume that their domestic goods or services may be exported without many alterations or revisions. Selling products and services to a foreign country is referred to as exporting. Contrarily, importing is the act of acquiring goods from outside and bringing them into one's own nation.
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a company plans on expanding its operations and needs the capability to increase and decrease services only when scheduled and required. which feature is most important for the company?
As the company plans on expanding its operations and needs the capability to increase and decrease services only when scheduled and required; the most important feature for the company is scalability.
Why is scalability important for company?Scalability refers to a system's ability to increase or decrease in performance and cost in response to changes in application and system processing demands.
Scalability enables you to build a profitable business with significant growth potential. Scalability enables a company to expand and generate revenue without being constrained by its structure or a lack of resources. As a company's sales volume grows, it can keep or improve its efficiency.
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you are managing a large project for your company and you have decided to contract out a portion of the development work. you have offered to pay a consulting company for their employee expenses, $2,500 for completion of the job, and an additional $1,000 if it is completed within a six-week timeframe. which contract type is most appropriate to use in this scenario?
A cost-plus-incentive-fee contract is most appropriate to use in this scenario.
In a cost-plus-incentive-fee agreement, the seller gets reimbursed for legitimate expenses and compensated for fulfilling predetermined performance goals. This agreement is a cost-reimbursement agreement that allows for the later adjustment of an initially agreed-upon charge using a formula based on the ratio of total permissible expenses to total target costs.
In order to lessen the risks that the contractor assumes, the price that the buyer pays the seller fluctuates in accordance to costs.
His contract type includes minimum and maximum fees, a fee adjustment algorithm, a goal cost, and a target fee. Following contract performance, the contractor's payment is calculated using the formula.
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Cash reconciliations can be tested via __________.select either ; disclosure, observation , counting ,physical inventory , reperformanceIt is important to verify ______ of both cash receipts and cash disbursements.select either ; deviation, disclosure, consideration, cutoff, existence, paymentCash confirmations need to be mailed under the control of the __________.select either; bank, client, auditor, president, AICPAAuditors are often concerned with the _______of cash, as this is where most misstatements occur.select either; overstatement, understatement, existence, disclosure, inventoryCutoff bank statements include activity for the period _______the period being audited.select either; afer, overlapping, before, exclusive of , disclosing
Cash reconciliations can be tested via observation.It is important to verify existence of both cash receipts and cash disbursements.Cash confirmations need to be mailed under the control of the auditor.Auditors are often concerned with the existence of cash, as this is where most misstatements occur.Cutoff bank statements include activity for the period exclusive of the period being audited.
What is cash reconciliation?Cash reconciliation is the process of comparing an organization's internal records of cash transactions to the corresponding records of a bank. This process is used to ensure that the cash balance reported in the organization's financial statements is accurate and that all cash transactions have been recorded properly. The goal of cash reconciliation is to identify any discrepancies between the internal records and the bank records, and to make any necessary adjustments to ensure that the cash balance is accurate. This process is typically performed on a regular basis, such as monthly or quarterly. It is an important part of internal control and financial reporting, and helps to prevent errors and fraud.To learn more about cash reconciliation refer:
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if we define poverty as income below $10,000 per year, we have set a(n) definition of poverty. group of answer choices absolute constrained denominated relative
We have established an unwavering definition of poverty if we say it is defined as having an annual income of less than $10,000.
What do you mean by complete impoverishment?When a household's income falls below a given threshold, absolute poverty results. Due to this, it is impossible for the individual or family to meet their fundamental needs, such as those for food, shelter, safe drinking water, healthcare, and other necessities of life. Debt, population growth, natural catastrophes, war, child labour, and natural calamities all contribute to absolute poverty. A 12-year-old youngster who has never been to the doctor or attended school is an illustration of utter poverty. Absolute poverty is defined as not having even the most basic essentials of existence. Its prevalence is calculated by counting the number of people or households that are unable to meet their fundamental needs.
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hann school, a nongovernmental not-for-profit organization, spent $1 million of cash restricted to acquire land and a building. how should this be reported in the statement of activities?
Increase in net assets without donor restrictions be reported in the statement of activities.
What is net assets?Asset worth less liability equals a company's net assets. (Total Fixed Assets - Total Current Assets) - (Total Current Liabilities - Total Long-Term Liabilities) is the formula used to determine it. The terms "net assets" and "stockholders' equity" both refer to the same thing. The net asset on the balance sheet is computed by adding up all of your assets and deducting all of your liabilities. It is the amount you have in excess of all of your debts (liabilities). It is typically referred to as net worth (NW). Liabilities are taken out of total assets to leave net assets. Simply put, net assets are the portion of the organization's assets not covered by debt. It's also feasible for net assets to be negative if obligations outweigh assets.
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