Actions a company takes to keep customers from leaving to buy from rival businesses are together called customer is the meaning of retention.
What does business retention mean?
The ability of a business to reduce employee turnover, or the number of employees who quit their jobs either freely or involuntarily, is known as employee retention. The performance and success of a corporation are directly impacted by staff retention rates.
What's the process of retention?
Retentions function by keeping or hanging onto a portion of the contract until the job is finished. The contractor will receive the retained share once the work is finished and the client who hired the contractor is happy.
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Leaders who are _____ show a passion for the work itself,such as seeking out t creative challenges, a love of learning, and taking pride in a job well done Multuple Choice ;self-aware self-regulationsocialily skilled motivated
Leaders who are motivated show a passion for the work itself, such as seeking out t creative challenges, a love of learning, and taking pride in a job well done.
What leadership means?
Leadership is the capacity to motivate and influence subordinates or other team members.
Making wise — and sometimes challenging — decisions, defining and communicating a clear vision, setting realistic goals, and equipping subordinates with the information and resources they need to achieve those goals are all aspects of leadership.
Most socioeconomic sectors, including business, politics, local communities, and nonprofit groups, want leaders.
A successful leader possesses the following qualities: self-assurance, excellent communication and management abilities, creative and inventive thinking, resilience in the face of setbacks, willingness to take chances, openness to change, calmness and quick thinking in emergency situations.
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The amount of money that the public wants to hold is $10 billion. With a monetary base of $2 billion and a money multiplier of 4, which of the following will most likely occur?A The monetary base will increase.B The nominal interest rate will increase.C The money multiplier will increase.D The money demand curve will shift right.E Spending will increase.
The answer is B. The nominal interest rate will increase. The nominal interest rate is the stated interest rate.
The nominal interest rate is the rate that is publicized by banks, obligation guarantors, and venture companies for credits and different speculations. It is the expressed loan fee paid or acquired to the moneylender or by financial backer. Thus, if as a borrower, you get a credit of $100 at a pace of 6%, you can hope to pay $6 in interest. The rate has been increased to assess expansion.
Nominal Interest Rate = Real Interest Rate + Projected Rate of Inflation
Short-term nominal interest rates are set by national banks. These rates are the reason for other financing costs that are charged by banks and different foundations on, e.g., advances to customers and Mastercard adjusts. Central banks might choose to keep ostensible rates at low levels to spike financial action.
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A company uses the effective interest method to amortize a bond discount. Which of the following statements is true regarding the interest expense that is recognized each year? Multiple ChoIce It will Increase from yeer to year.It will be greater than the Interest payment It wll remain the some from year vear It will be greater than the interest payment and it will also increase from year to year.
To amortise a bond discount, a corporation use the effective interest approach. It will be higher than the interest payment and get a little bit bigger every year.
The bond discount is the discrepancy between the market value of a bond and the principal that will be due when it matures. When a bond matures and is paid out at its higher face value, capital growth occurs since the market price of the bond has decreased from when it was first issued.
A bond with no interest payments is repaid in whole when it matures. Because it does not make ongoing interest payments or have so-called coupons, a zero-coupon bond differs from normal bonds in this regard. At bond maturity, holders are given their par value. Bonds trade at a discount when their coupon rate is lower than market rates.
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Barbara's household income in 2022 is 150% of the federal poverty line and she purchase health insurance coverage through an ACA marketplace whose premium does not exceed the premium for a benchmark plan what percentage of the premium cost is her expected contribution towards the premium
Under the Affordable Care Act (ACA), individuals and families whose household income is between 100% and 400% of the federal poverty line may be eligible for premium tax credits to help pay for health insurance coverage purchased through an ACA marketplace. The size of the premium tax credit is based on the cost of a benchmark plan in the individual's area, which is the second-lowest-cost Silver plan available through the ACA marketplace.
If Barbara's household income is 150% of the federal poverty line and the premium for her health insurance coverage does not exceed the premium for a benchmark plan, her expected contribution towards the premium will be a certain percentage of the premium cost. This percentage is determined by a sliding scale based on household income and is known as the premium contribution percentage.
For example, if Barbara's household income is 150% of the federal poverty line, her premium contribution percentage may be around 7.5%. This means that she would be expected to pay around 7.5% of the premium cost, with the remainder being covered by a premium tax credit. However, the actual premium contribution percentage may vary depending on specific circumstances and the details of the health insurance plan being purchased.
The percentage of the premium cost is her expected contribution towards the premium is 4.14%.
What is Poverty?The condition of being poor is having few tangible possessions or little money. The issue is a lack of funds to cover necessities like food, clothing, and housing.
The subsidy ranges from $12,760 to $51,040 for an individual in the continental United States in 2021.A benchmark plan required households earning more than 150% of the federal poverty level to contribute 4.14% of their income.
In the given case, Barbara buys health insurance through an ACA marketplace, and her household income in 2022 is 150% of the federal poverty limit.
Therefore, based on the rule Barbara will liable to pay 4.14% of their household income into a benchmark plan.
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based on the preceding conversation, what could becky do to improve her situation? check all that apply. (A) Request a salary increase(B) Leave the job(C) Put less effort into her work(D) Ask for more work
Based on the preceding conversation Becky could either Request a salary increase or Leave the job or Put less effort into her work.
Who is an accountant?
An accountant is a specialist who manages bookkeeping and organizes the financial records you use to run your company, including balance sheets, profit and loss statements, and more. They simplify all the financial jargon associated with running a business, auditing your records, creating reports for tax purposes, and more. Corporate, public, governmental, and forensic accounting are among these four branches. Any accounting employment typically requires a bachelor's degree, while prior master's work, particularly in the accounting sector, is frequently greatly encouraged. An accounting career typically requires a bachelor's degree or above. Perhaps further certification is required. People that are good with numbers and very organized are typically good at accounting.
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if the auditor's opinion on the revised financial statements is different from the previously issued audit report, then a/an
The auditor's report contains either an expression of opinion on the financial statements, taken as a whole, or an assertion that an opinion cannot be expressed. This standard establishes requirements regarding the content of the auditor's written report when the auditor expresses an unqualified opinion on the financial statements.
The auditor is in a position to express an unqualified opinion on the financial statements when the auditor conducted an audit in accordance with the standards of the Public Company Accounting Oversight Board ("PCAOB") and concludes that the financial statements, taken as a whole, are presented fairly, in all material respects, in conformity with the applicable financial reporting framework.
When the auditor conducts an audit of financial statements in accordance with the standards of the PCAOB, some circumstances require that the auditor express a qualified opinion, adverse opinion, or disclaimer of opinion on the financial statements and state the reasons for the departure from the unqualified opinion. AS 3105, Departures from Unqualified Opinions and Other Reporting Circumstances, describes reporting requirements related to departures from unqualified opinions and other reporting circumstances.
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Strengths: Accessible; Fast/Versatile; Customer Service
Limitations: Limited Capacity; High Cost
Primary Role: Move smaller shipments in local, regional, and national markets.
Primary Product Characteristics (Examples): High Value; Finished Goods; Low Volume (Food; Clothing; Electronics; Furniture)
Customer service is the direct one-on-one interplay between a patron making a purchase and a consultant of the employer who is selling it. most shops see this direct interplay as a vital aspect in ensuring purchaser satisfaction and inspiring repeat enterprise.
Customer support is the help you provide your clients — both earlier than and after they purchase and use your services or products — that helps them have an easy and exciting experience with you. offering remarkable customer service is vital in case you need to preserve clients and develop your enterprise.
Tremendous customer service method following first-rate practices like valuing clients' time, having a nice mindset, and supplying informed and imaginative sources, but you also take things a step, in addition, to exceeding — in place of just meeting — expectations.
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Which of the following is NOT a reason why private goods markets alleviate goods to achieve Pareto EfficiencyA)Large external costs or benefitsB)goods are excludable and rivalC)full information about attributes of the goodsD)No hidden information about agents involved in the transaction
Private goods markets reduce goods to achieve Pareto Efficiency, but this is NOT because there is no secret information about the agents involved in the transaction.
Efficiency is the maximum level of performance, when the least number of inputs are required to produce the greatest quantity of output. Efficiency calls for minimizing the amount of unneeded resources, such as personal time and energy, used to create a particular product. Private goods markets reduce goods to achieve Pareto Efficiency, but this is Efficiency NOT because there is no secret information about the agents involved in the transaction.
Utilizing the proportion of usable output to total input, efficiency may be quantified. The waste of resources, including time, energy, and physical materials, is reduced when efficiency is improved while producing the required results.
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T/F one of the benefits of contracting with celebrities to endorse the company's brand of athletic footwear is
True. One of the benefits of contracting with celebrities to endorse the company's brand of athletic footwear is increased brand awareness, which can lead to an increase in sales and profits.
What does Brand Awarness means?
The degree to which customers recognize or recall a brand is referred to as "brand awareness." It is the first step in a customer's purchase journey, and it is determined by a company's marketing efforts. Marketing activities such as advertising, word of mouth, social media, and public relations help to raise brand awareness. A successful brand awareness strategy raises brand recognition and recall, resulting in increased sales and loyalty.
How does Advertising help a brand?
Advertising benefits a brand by increasing brand awareness and visibility. It can be used to create brand loyalty, a strong identity, and a positive overall perception. Advertising can also be used to boost sales, reach new customers, and set a brand apart from its competitors. Furthermore, effective advertising can assist a brand in reaching its intended target audience, strengthening relationships with existing customers, and creating a strong emotional connection with potential customers.
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Justin builds fences for a living. Justin's out-of-pocket expenses (for wood, paint, etc.) plus the value that he places on his own time amount to his a. cost of building fences. b. producer deficit. c. producer surplus. d. profit.
Justin builds fences for a living. Justin's out-of-pocket expenses (for wood, paint, etc.) plus the value that he places on his own time amount to his cost of building fences. The Option A is correct.
What is a building cost?A building cost refers to the total cost of the structural project which is exclusive of the land, architectural fees, equipment and off- site improvements.
In the cases involving more than one structure (a complex), the building cost will be understood to mean the total cost of all the buildings within the complex.
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Olsson Corporation received a check from its underwriters for $86 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $86 per share. Which is the correct entry to record the issue of the stock? Multiple Choice Cash 86,000,000 Cash Stock 27,000,000 Issue expense Stock contract receivable 59,000,000 Cash 86,800,000 Common stock 86,000,000
The correct entry to record the issue of the stock is debit cash by $8,600,000, credit common stock by $600,000 and credit capital by $8,000,000.
What is journal entry?
In an organization's accounting system, a journal entry documents a commercial transaction. The foundation of the double-entry accounting method, which has been around for centuries, is made up of journal entries. A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
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Shara is a new addition to your team and your boss has asked you to help with her initial training and orientation to the team. She has not previously worked in your country and so you want to help make her adjustment go as smoothly as possible. Which of the following would be LEAST effective in helping build Shara's cultural competence?
Select : 1
Teach Shara about how decisions are made and communicated.
Schedule weekly check-ins with Shara to make sure she is adjusting properly.
Ask Shara to run team meetings in order to get to know people more quickly.
Make sure Shara knows that you are always available if she needs advice or help.
Asking Shara to run team meetings in order to get to know people more quickly would be LEAST effective in helping build Shara's cultural competence. The correct option is c.
What is cultural competence?Cultural competence, also known as intercultural competence, is a range of cognitive, affective, and behavioural skills that lead to effective and appropriate communication with people of other cultures.[2][3][4] Intercultural or cross-cultural education are terms used for the training to achieve cultural competence.
Effective intercultural communication relates to behaviors that culminate with the accomplishment of the desired goals of the interaction and all parties involved in the situation.
Appropriate intercultural communication includes behaviors that suit the expectations of a specific culture.
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Interpreting Footnote Disclosures for Investments
CNA Financial Corporation provides the following footnote to its 2018 10-K report.
Investments The company classifies its fixed maturity securities as either available-for-sale or trading, and as such, they are carried at fair value. Changes in fair value of trading securities are reported within Net investment income on the Consolidated Statements of Operations. Changes in fair value related to available-for-sale securities are reported as a component of Other comprehensive income.
The following table provides a summary of fixed maturity and equity securities.
Cost or Gross Gross Estimated
Amortized Unrealized Unrealized Fair
December 31, 2018 ($ millions) Cost Gains Losses Value
Fixed maturity securities available-for-sale Corporate and other bonds $24,393 $1,028 $514 $24,907
States, municipalities and political subdivisions 12,585 1,399 12 13,972
Asset-backed: Residential mortgage-backed 6,260 88 74 6,274
Commercial mortgage-backed 2,860 36 42 2,854
Other asset-backed 2,568 14 31 2,551
Total asset-backed 11,688 138 147 11,679
U.S. Treasury and obligations of government sponsored enterprises 203 4 - 207
Foreign government 624 7 5 626
Redeemable preferred stock 13 - - 13
Total fixed maturity securitiesavailable-for-sale 49,506 2,576 678 51,404
Total fixed maturity securities trading 5 - - 5
Total fixed maturity securities $49,511 $2,576 $678 $51,409
(a) At what amount does CNA report its investment in marketable debt securities on its balance sheet? In your answer, identify the portfolio’s fair value, cost, and any unrealized gains and losses.
($ millions) Reported on balance sheet Answer
Cost Answer
Unrealized gains Answer
Unrealized losses Answer
(b) Compute the net unrealized gain or loss on CNA’s investment portfolio.
Use a negative sign with your answer to indicate an unrealized loss.
$Answer million
How do CNA’s balance sheet and income statement reflect this net unrealized gain or loss?
Securities are reported at historical cost. Gains and losses are recognized upon sale of the securities.
Securities are reported at fair value. Unrealized gains and losses are recognized currently in net income.
Securities are reported at fair value. Unrealized gains and losses on AFS securities are recorded in accumulated other comprehensive income.
Securities are reported at fair value. Only unrealized losses are recognized in net income. Unrealized gains are deferred and recognized upon sale of the securities.
(c) How do CNA’s balance sheet and income statement reflect gains and losses realized from the sale of available-for-sale securities?
Gains and losses realized from the sale of securities are recognized in current income. The company records an accounting (reclassification) adjustment in the AOCI account to reflect the elimination of previously recorded unrealized gains and losses.
No entry is required as the securities are currently reported at fair value and all unrealized gains and losses are reflected in current income. The fair value changes bypass the income statement.
Gains and losses realized from the sale of securities are recognized in current income. The company records an accounting (reclassification) adjustment in cash and cash equivalents to reflect the elimination of previously recorded unrealized gains and losses.
Gains and losses realized from the sale of securities are recognized in current income. The company records an accounting (reclassification) adjustment in retained earnings to reflect the elimination of previously recorded unrealized gains and losses.
(A) $37,571
(B) b) Securities are reported at market value. Unrealized gains and losses on AFS (Trading) securities are recorded in accumulated other comprehensive income (net income)
(C) a) Gains and losses realized from the sale of securities are recognized in current income. The company records an accounting (reclassification) adjustment in the AOCI account to reflect the elimination of previously recorded unrealized gains and losses.
Explanation:
(A) Available for sale securities are the investments which a company intends to sell in the near future before the maturity date. These investments are reported at fair value.
(B) The unrealized gains and losses on Available for sale securities are recognized in the accumulated other comprehensive income. These investments are reported at fair value or market value.
(C) When the available for sale securities are sold out and the gains or losses are finally realized the amount is reported in the net income and a reclassification adjustment is made to the previously recorded unrealized gain or losses in the accumulated other comprehensive income.
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When irate customers sound threatening and overstate their claims, as a business representative, you should respond by indicating that the customer and his or her claim are irrational.TrueFalse
It is true that when irate customers sound threatening and overstate their claims, as a business representative, you should respond by indicating that the customer and his or her claim are irrational.
An irate customers is a customer who has lost their cool and reached "the point of being obstructive and disrespectful" is a good example of an irritated customer.
The issue that aggravates customers Customers who are irate may be under a lot of stress, struggling at job, dealing with family troubles, or experiencing some other difficulty in life. Perhaps they experienced a failure of your product or service when they already had other issues.
The customer wants you to acknowledge that something happened to upset them as their first priority. You can express sympathy without taking responsibility by saying something like, "I can see you're upset, and I'm so sorry."
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What is the difference between B2B and B2C sales?
B2B (enterprise to enterprise) salespeople promote services and products to different businesses.In B2C income, you promote services and products to character consumers.
The required details about B2B is mentioned in below paragraph.
Business to Business
Business to enterprise, or B2B income, is associated with the promoting of services and products from one enterprise to another. B2B income relationships are usually growing and commonly have an extended lifespan, because the approaches concerned in final a sale is lengthier. B2B income encompass a selection making procedure that often wishes a couple of character signing off.
Business to Consumer
Business to client, or B2C income, is associated with the promoting of merchandise to at least one character client. An instance of B2C consists of retail income, because the gadgets offered are without delay centered and ate up through one character person. In general, the B2C income cycle is shorter, because the client is advocated to buy the product at the spot. In addition, B2C promoting does now no longer generally encompass a couple of character withinside the selection making procedure.
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a third-party intermediary can facilitate a like-kind exchange. the taxpayer transfers the like-kind property to the who then sells the property and purchases like-kind property to transfer to the .
A third-party intermediary can facilitate a like-kind exchange. the taxpayer transfers the like-kind property to the who then sells the property and purchases like-kind property to transfer to the .its true.
The fundamental idea of a "like-kind exchange" is one that you are already familiar with if you ever exchanged baseball cards with a friend when you were a child. Perhaps you had a sneaking sense that José Canseco's career wouldn't turn out well but your friend really adored him and wanted your Canseco rookie card. You evaluated the value of your card, and chose which cards of his you wanted in return, then made a trade. It's likely that the IRS didn't receive a share of the profits. Real estate investors can accomplish a similar task by delaying capital gains or losses when they acquire or sell a property by using a like-kind exchange.
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Company X and Company Z have established a business arrangement whereby the two firms will cooperate for their mutual benefit. Which of the following has most likely been established?A) competitive advantageB) licensing agreementC) franchising arrangementD) strategic alliance
If Company X and Company Z have entered into a business agreement whereby the two companies will cooperate for their mutual benefit, this is called a Strategic Alliance
Strategic Alliance: Advantages and Disadvantages
It is a relationship between two or more entities that agree on resources to achieve an objective of shared mutual benefit. Thanks to this, they need fewer resources and the knowledge of both parties can be taken advantage of, however, this implementation can be difficult, since each partner in the alliance has a different way of operating and mistrust can occur, especially when it is involved competitive or private information.
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space is generally at a premium on forms and reports , thus squeezing information onto forms is considered a wise business decision.T/F
Packing as much information as possible onto forms and reports—which frequently have limited space—is regarded as a wise business move.
Therefore, the assertion made is False.
What constitutes a wise business decision?A decision-maker must consider the organization from every angle. Making the appropriate choice will prevent one sector of the company from thriving at the expense of the other.
What three categories of decision-making exist?Decisions could also be categorized into three kinds based on the level about which they occur. Strategic choices determine an organization's path. The way that activities are done depends on tactical decisions. Not to mention, operational decisions are the ones that employees make on a regular basis to run the business.
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Refer to the data below for a non-discriminating monopolist. This firm will maximize its profit by producing:A) 3 units.B) 4 units.C) 5 units.D) 6 units.
Refer to the data below for a non-discriminating monopolist. This firm will maximize its profit by producing:B) 4 units.
Profit is the term used to describe the monetary gain experienced when the revenue from a commercial activity outpaces the costs, costs, and taxes incurred to support the activity in question. Profit is what's left over after a business pays its bills. On an income statement, you can find it. The business is considered to make a profit if the value left over after expenses have been subtracted from revenue is positive; if the value is negative, the business is said to have a loss (see: P&L statement).
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When a bank makes a loan:A. It reduces the amount of money in the monetary system
B. It creates a transactions-account balance for the borrower
C. It usually gives the borrower cash
D. It prints additional money for the borrower
When a bank makes a loan it creates a transactions-account balance for the borrower.
What is loan?A loan is a financial assistance provided by bank based on collaterals. There are different types of loans like personal loan, business loan, house loan etc.
The recipient incurs a debt and is frequently liable for interest charges up until the debt is paid off, in addition to the principle amount borrowed.
Information like the principal amount borrowed, the interest rate charged by the lender, and the due date are frequently included in the documentation demonstrating the debt.
The subject asset(s) are momentarily divided between the lender and the borrower when a loan is issued.
Lending money is one of the main jobs of financial entities like banks and credit card companies.
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On January 1, 2024, the Allegheny Corporation purchased equipment for $116,000. The estimated service life of the equipment is 10 years and the estimated residual value is $6,000. The equipment is expected to produce 260,000 units during its life. Required: Calculate depreciation for 2024 and 2025 using each of the following methods.
Depreciation expenses using Straight line is $11,000
Depreciation expenses using Double-declining balance is $18,400
Depreciation expenses using Units of production is $12,500
Straight-line method of depreciation is regarded as the simplest form of depreciation
The formula for this method is
{[Purchase value of equipment - Estimated residual value) / Estimated service life}
Given information
Purchase value of equipment = $115,000
Estimated residual value = $5,000
Estimated service life = 10
Depreciation expenses = ($115,000 - $5,000) / 10 years
Depreciation expenses = $110,000 / 10
Depreciation expenses = $11,000
Double-declining balance method is an accelerated depreciation method where asset are depreciated at twice the rate in the straight-line method
Depreciation rate = 1 / Estimated service life
Depreciation rate = 1 / 10
Depreciation rate = 10%
So, the rate is double = 10% * 2 = 20%
In year 1, the original cost is $115,000, Depreciation = $23,000 after applying the 20% depreciation rate
in year 2, Depreciation = ($115,000 - $23,000) * 20%
Depreciation = $18,400
Formula for Units-of-production method is
(Purchase value of equipment - estimated residual value) / Estimated production units
Units-of-production method = [$115,000 - $5,000] / $220,000 units
Units-of-production method = $110,000 / 220,000 units
Units-of-production method = $0.5 per units
For 2021, Depreciation = Production units in 2021 year * Depreciation per unit
Depreciation = 30,000 units × $0.5
Depreciation = $15,000
For 2022, Depreciation = Production units in 2022 year * Depreciation per unit
Depreciation = 25,000 units * $0.5
Depreciation = $12,500
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the following graph shows the market for donuts in houston, where there are over a thousand donut shops at any given moment. suppose the surgeon general issues a public statement saying that consuming donuts is bad for your health. show the effect of this change on the market for donuts by shifting one of the curves on the following graph, holding all else constant. demand supply price (dollars per donut) quantity (donuts) demand supply
Constant demand occurs when changes in supply have no effect on the commodity's demand. In the case of inelastic commodities, the supply may rise or decrease, the amount needed remains constant.
The law of supply and demand is an economic theory that describes how supply and demand are connected and how this connection impacts the pricing of products and services. Prices decrease when supply exceeds demand for an item or service, according to basic economic theory. Prices tend to rise when demand exceeds supply.When demand remains constant, there is an inverse connection between supply and pricing of products and services. If supply for goods and services increases while demand remains constant, prices tend to decrease to a lower equilibrium price and a greater equilibrium quantity of products and services.
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Which one of the following is NOT one of the functions of the World Trade Organization?
*providing aid for developing countries
*monitoring trade policies
*helping combat emergencies, such as the worldwide pandemic
*helping resolve trade disputes
Helping combat emergencies, such as the worldwide pandemic
The WTO does not have the authority to aid in the prevention of crises like pandemics.
The organization performs a variety of tasks and duties, some of which include: implementing trade rules of policy to provide a level playing field among member nations, and the requirement for reliable and stable international trade regulations.
A study of specific policies makes ensuring that commerce is conducted openly and within a solid framework. The platform for debating potential tactics.
Since it is a global trading system, trade discussions between countries are inevitable. If there is no forum to debate the future of the trade, miscommunications may arise and lead to a situation like a war. This is where the WTO steps in and aids in peaceful negotiations.
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A Treasury Bill (T-Bill) is a short-term debt obligation issued
Having a maturity of one year or less, a Treasury Bill (T-Bill) is a short-term obligation of the United States government guaranteed by the Treasury Department.
Treasury notes are a type of short-term financial security with a one-year or shorter maturity. T-bills are available in a wide range of maturities, although the terms for four, eight, 13, 26 and 52 weeks are the most popular. T-bills are offered for sale at a discount to the bill's face value, or par amount. At maturity, investors are given their full face value. An investor may purchase a T-bill for $950 and get a face value of $1,000 when it matures. Treasury notes are a type of short-term financial security with a one-year or shorter maturity. T-bills are available in a wide range of maturities, although the terms for four, eight, 13, 26 and 52 weeks are the most popular.
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A company that awards points to its salespeople for making a sale and then allows those points to be exchanged for vacation packages is using ________ to modify sales behavior.
A company that awards points to its salespeople for making a sale and then allows those points to be exchanged for vacation packages is using a token economy to modify sales behavior.
A person who sells goods or services on behalf of the owner is known as a salesman, saleswoman, or salesperson, but this frequently refers to someone selling goods in a store or shop, in which case other terms are also common, such as salesclerk, shop assistant, and retail clerk. the seller, or the provider of the goods or services, completes a sale in response to an acquisition, appropriation, [1] requisition, or a direct interaction with the buyer
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Ampulla Production Studios charges the Sound Effects Department's costs to two operating departments, Audio and Video. Charges are made on the basis of labor-hours. Information pertaining to the labor-hours for the year follow:
Audio video
BUDGET LABOR HOUR FOR YEAR $18000 $27000
ACTUAL LABOR HOURS FOR YEAR $14700 $27300
ANUAL LONG-RUN AVERAGE CAPACITY IN LABOR HOURS $15000 $25000
The following cost pertain to the sound effect department
Budgeted for year Actual for year
Variable cost $315000 $273000
Fixed cost $756000 $819000
1-How much of the Sound Effects Department's variable cost should be charged to the Video Department at yearend for performance evaluation purposes? A. $175,000 B. $175,500 C. $177,450 D. $191,100 E. None of the above
2-How much of the Sound Effects Department's fixed cost should be charged to the Audio department at year-end for performance evaluation purposes? A. $264,600 B. $283,500 C. $302,400 D. $307,125 E. None of the above
The Sound Effects Department's variable cost should be charged $191,100 and the Sound Effects Department's fixed cost should be charged $283,500.
Give a brief account on Fixed costs.Fixed costs are expenses that have been planned ahead of time and stay constant over time. These overhead expenses are constant regardless of output or business performance. The charges you would incur if you temporarily shut down your business should be taken into account when calculating your fixed costs. Rent, insurance, and other overhead costs would still be your responsibility to cover.
Fixed costs include, for instance: Rent, costs of the phone and internet, insurance, salaries for workers
To solve the question :
1)Variable budgeted cost = 315000
Budgeted labor hours (18000+27000) = 45000
Predetermined variable rate (315000/45000) = $7
Actual hours of video department = 27300
Variable cost charged to Video department = 191100
Hence, option (D) can be regarded as suitable.
2) Fixed cost = 756000
Capacity labor hours (15000+25000) = 40,000
Predetermined variable rate (756000/45000) = $18.90
Applied hours = 15000
Variable cost charged to Video department = 283500
So, option (B) will be regarded as suitable.
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a business has created a(n) containing the purchasing records of more than one million customers who have purchased products from them. it can be used to help the marketing department target programs to spur new purchases.
Sales merchandising may be used to assist the advertising branch goal applications to spur new purchases.
The required details for sales promotion in given paragraph
Sales merchandising is one of the factors of the promotional blend. The number one factors withinside the promotional blend are advertising, private selling, direct advertising and publicity/public relations. Sales merchandising makes use of each media and non-media advertising communications for a pre-determined, restrained time to growth patron call for, stimulate marketplace call for or enhance product availability. Examples include contests, coupons, freebies, loss leaders, factor of purchase displays, premiums, prizes, product samples, and rebates. Sales promotions may be directed at both the customer, income staff, or distribution channel members (such as stores). Sales promotions centered at the patron are called patron income promotions. Sales promotions centered at stores and wholesale are called alternate income promotions.
Sales merchandising consists of numerous communications sports that try to offer brought cost or incentives to consumers, wholesalers, stores, or different organizational clients to stimulate instantaneously income.
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The strength of the U.S. dollar depends on the strength of the U.S. economy relative to the economies of other nations. true/false
The strength of the U.S. dollar depends on the strength of the U.S. economy relative to the economies of other nations is true.
What determines the strength of the U.S. dollar?Against the currencies of other major economies, the dollar has been strengthening. The US economy is stronger than those of many other nations, and the Federal Reserve is consistently boosting interest rates, which supports the US dollar's strength.
In contrast, a strong home currency hinders exports while promoting imports, and vice versa, a weak domestic currency encourages exports while raising the cost of imports. Prices are under pressure when a nation's currency depreciates against the dollar due to higher import costs for goods coming from the US. More foreign currencies can now be purchased with a stronger U.S. dollar than in the past.
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deadweight loss represents the amount of surplus and surplus forgone because the monopolistically competitive firm charges a price higher than the marginal cost
Deadweight loss represents the amount of consumer surplus and producer surplus forgone because the monopolistically competitive firm charges a price higher than the marginal cost
What is deadweight loss?A deadweight loss can be described as the cost to society created by market inefficiency and this do take place as a result of when supply and demand are out of equilibrium however the deadweight loss can be applied to any deficiency caused by an inefficient allocation of resources.
It should be noted that the the consumer surplus can be seen as the difference between what a consumer is willing to pay as well as what they paid for a product however the producer surplus on the other hand is the difference between the market price as well as the lowest price a producer is willing to accept ion the production process.
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complete question:
Deadweight loss represents the amount of ---------------------
surplus and --------------surplus forgone because the monopolistically competitive firm charges a price higher than the marginal cost.
The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows:
Year Investment Cash Inflow
1 $ 73,000 $ 6,000
2 $ 6,000 $ 12,000
3 $ 20,000
4 $ 22,000
5 $ 25,000
6 $ 23,000
7 $ 21,000
8 $ 19,000
9 $ 18,000
10 $ 18,000
Required:
1. Determine the payback period of the investment.
2. Would the payback period be affected if the cash inflow in the last year were several times as large?
The payback period of the investment, given the cash flows, would be 4. 76 years
The payback period would not be affected if the cash inflow in the last year were larger because the payback period was way before the last year.
What is the payback period ?The payback period is often used as a measure of the profitability of an investment, as it provides a simple way to compare the potential return on different investments. A shorter payback period generally indicates a more profitable investment, as it takes less time for the investment to generate a return.
However, the payback period is only one factor to consider when evaluating an investment, and it should be considered along with other measures of profitability such as the internal rate of return or net present value.
The payback period for this project by Unter Corporation is :
= Period before full payback + ( Cost to be recovered / Cash flow in year of recovery )
= 4 years + ( (73, 000 + 6, 000 ) - 60, 000 ) / 25, 000
= 4. 76 years
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