Explanation:
1st - Hashim Khan, the owner, invested $57,500 cash and 32,500 of photography equipment in the
business.
4th - Paid $3,000 cash for an insurance policy covering the next 24 months.
7th - Services are performed and clients are billed for $10,000.
13th - Purchased office supplies for $1,400. Cash paid $400 and remaining outstanding.
20th - Received $2,000 cash in photography fees earned previously.
24th - A client immediately pays $15,000 for services to be performed at a later date (unearned service
revenue).
29th - In addition, the business acquires photography equipment. The purchase price is $100,000, pays
richard wrote eleven checks totaling $791.23 and deposited one paycheck for $341.76 during the month. his beginning balance was $1,011.91. richard's bank charges $0.50 for each check over 8 written during the month. what is his ending balance for the month?
When his beginning balance was $1,011.91. Richard's bank charges $0.50 for each check over 8 written during the month. Option A) $560.94 is the right choice as his ending balance for the month.
In an account, the net residual balance is known as the finishing balance which in Richard: $560.94 was part of the closing process, it is often measured at the conclusion of a reporting period. An account's transaction totals are added up to create an ending balance, which is then multiplied by the initial balance. The bank balance at the conclusion of a day, month, or year is referred to as the closing balance in the banking industry. This covers all sums, including credit and debit. A bank closing balance could be different from an accounting closing balance if there are outstanding transactions that the bank hasn't yet cleared but that are included in an accounting closing statement but aren't in a bank closing statement.
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if a company has a healthy current ratio but a significantly lower quick ratio, then you can assume that:
If a company has a healthy current ratio but a significantly lower quick ratio, then you can assume that more than half of sales are attributable to cost of goods sold.
What would happen if quick ratio was lower than current ratio?When a company's quick ratio is much less than its current ratio, it indicates a high reliance on inventory and maybe a severe shortage of other liquid assets. According to the quick ratio, a company's liquid assets must be worth a certain dollar amount in order to pay its current liabilities in full.
What occurs when a business' quick ratio is low?If a company's quick ratio is less than 1, it suggests it lacks sufficient fast assets to cover all of its immediate liabilities. Business may be challenging to raise the money necessary to pay its creditors if it experiences an interruption.
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the income elasticity of demand for electricity is 1.90. suppose the economy improves and incomes are expected to increase by 10 percent. this means that
Electricity demand is 1.90 times more elastic with income. Let's say incomes are predicted to rise by 10% as the economy improves. Electricity firms can anticipate selling 19 percent more electricity as a result.
What does a demand elasticity of income of 1 mean?The income elasticity of demand, for instance, would be 20%/20% = 1 if a person's income increased by 20% and the quantity desired for a good increased by 20%. It would then qualify as a typical good.
when a 4% rise in quantity requested of a good results from a 10% increase in income?The good is a typical good, and the income elasticity is 0.4. Because demand increases as income increases, the good is a typical good.
What does a demand elasticity of income of 1.33 indicate?We can infer that the demand is elastic because 1.33 is more than 1, which means that the change in demand brought on by a change in price is regarded as "a lot."
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to create the most ________ for someone like gabby’s dad, coffee houses need to minimize their expenses and keep their prices down. fancy furniture and free wifi are simply not of interest to consumers who want a quick, inexpensive cup of coffee.
To create the most customer value for someone like gabby’s dad, coffee houses need to minimize their expenses and keep their prices down. fancy furniture and free wifi are simply not of interest to consumers who want a quick, inexpensive cup of coffee.
Which kind of market segmentation do most luxury product marketers who sell to the wealthy use?Luxury brands concentrate on psychographic segmentation by looking at the lives of their customers. Since their purchasing decisions are mostly affected by these categories, the majority of luxury businesses have over the years targeted consumers whose lifestyles are primarily models, singers, film stars, etc.
Which sort of market segmentation takes into account consumers' spending and buying patterns and interactions with brands?The technique of categorizing clients based on typical behaviors they display when interacting with your business is known as behavioral segmentation. You can divide your audience into groups for this form of segmentation based on: finance practices. Purchase practices.
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product cost in total and per unit grin company manufactures digital cameras. in january, grin produced 3,750 cameras with the following costs: line item description amount direct materials $800,000 direct labor 160,000 manufacturing overhead 640,000 there were no beginning or ending inventories of wip. required: 1. what was the total product cost in january? fill in the blank 1 of 1$ 2. what was the product cost per unit in january? round your answer to the nearest cent. fill in the blank 1 of 1$ per unit
In January, the total cost of the product was $1,600,000. In January, the product cost $426.67 per unit. We divide the total product cost by the number of units produced to determine the product cost per unit.
Total product cost / number of units produced = Product cost per unit Price per unit = $1,600,000 / 3,750 The unit cost of the product is $426.67. (rounded to the nearest cent) January, the total cost of the product was $1,600,000. In January, the product cost $426.67 per unit. We divide the total product cost by the number of units produced to determine the product cost per unit. product cost in total and per unit grin company manufactures digital cameras. in january, grin produced 3,750 cameras with the following costs.
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if the united states imposes an import quota on imported soybeans of q4 - q2, how much are the quota rents?
The united states imposes an import quota on imported soybeans The quota rents (2q2 - 2q4 + 2)/3.
Assuming that the demand and supply curves for soybeans in the United States are represented by the equations:
Qd = 20 - P (domestic demand)
Qs = 2P (domestic supply)
where P is the domestic price of soybeans and Qd and Qs are the quantities demanded and supplied, respectively.
Also assuming that the world price of soybeans is $6 per bushel.
If the import quota imposed by the United States is equal to q4 - q2, then the domestic supply curve is reduced to:
Qs = 2(P - q4 + q2)
To find the new domestic price, we need to find the intersection of the new domestic supply curve with the original domestic demand curve:
Qd = Qs
20 - P = 2(P - q4 + q2)
20 - P = 2P - 2q4 + 2q2
3P = 20 + 2q2 - 2q4
P = (20 + 2q2 - 2q4)/3
Therefore, the new domestic price is (20 + 2q2 - 2q4)/3.
The quota rent is the difference between this new domestic price and the world price of $6 per bushel:
Quota Rent = (20 + 2q2 - 2q4)/3 - 6
Simplifying this expression, we get:
Quota Rent = (2q2 - 2q4 + 2)/3
So the quota rents are (2q2 - 2q4 + 2)/3. Note that we would need to know the specific values of q2 and q4 to calculate the exact amount of the quota rents.
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explain the three methods of costing and which one will yield the highest tax net income where price level is declining
According to LIFO, inventory units that have recently been purchased go on sale first. When costs increase, the most priced item is recorded as an expense first, reducing the amount of net income that is taxable.
This will result in the lowest yearly income tax costs. Inventory is frequently a sizable current asset on the balance sheet of businesses that generate income by selling tangible goods. They are required to list their inventory costing technique, which may be FIFO, average cost, LIFO, or specific identification, in the notes to the financial statements. Companies use many methodologies for inventory valuation to assign a monetary value to the products in their inventory. Learn about several inventory valuation techniques, such as specific identification, first-in, first-out (FIFO) and last-in.
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what do you think are some consequences of taking money out of your retirement early?
Taking money out of your retirement early can have significant consequences on your retirement savings, taxes, and long-term financial security.
What are the consequences of taking money out of your retirement early?Tax penalties: If you withdraw money from your retirement account before you reach the age of 59 1/2, you may be subject to a 10% early withdrawal penalty in addition to regular income taxes. This penalty can be substantial and can significantly reduce the amount of money you have available for retirement.Reduced retirement savings: When you withdraw money from your retirement account, you are reducing the amount of money you have available for retirement. This can have a significant impact on your retirement savings and may make it more difficult for you to achieve your retirement goals.Missed investment growth: The longer you keep your money invested in a retirement account, the more time it has to grow through compound interest. When you take money out early, you are missing out on this growth potential and reducing the overall value of your retirement savings.To know more about Tax penalties, check out:
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slapshot company makes ice hockey sticks. during the month of june, the company purchased $127,000 of materials. also during the month of june, slapshot company incurred direct labor cost of $161,000 and manufacturing overhead of $226,000. inventory information is as follows: line item description june 1 june 30 materials $48,000 $45,000 work in process 65,000 63,000 required: 1. calculate the cost of goods manufactured for the month of june. fill in the blank 1 of 1$ 517,000 2. calculate the cost of one hockey stick assuming that 1,900 sticks were completed during june. round your answer to the nearest cent. fill in the blank 1 of 1$ per hockey stick
Ice hockey sticks are produced by Slapshot Company. The business spent $132,000 on supplies in the month of June. Additionally in June, Slapshot Company paid $113,000 in direct labour costs and $187,000 in manufacturing overhead.
Ice hockey sticks are produced by Slapshot Company. Direct components (wood, paint, Kevlar, and resin) worth $26,000 were used in the creation of the product last week. Direct labour costs totaled $20,000 (10 employees x 100 hours x $20 per hour). The cost of manufacturing overhead was $56,000. By using carbon fibre as the primary material, the hockey stick underwent yet another revolutionary development in the 1990s. Players could adjust their own blade on these sticks, although they weren't particularly economical. It is shown in front of the shaft as a number between 4 and 8. (most curves for senior sticks are between 5-6 lie). When the player is gripping the stick normally, the bottom of the blade should be flat against the ice.
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the agreement between bob and cathy says nothing about assignment. may bob assign his claim to hardknuckle?
Bob may not be able to assign his claim to hardknuckle without Cathy's consent.
If the agreement does not address assignment at all, then it may be subject to the default rules of contract law. In most jurisdictions, absent an express prohibition on assignment, contracts are generally assignable unless assignment would violate the underlying terms of the agreement or would substantially change the obligor's duty or increase the risk of performance.
So, if the agreement between Bob and Cathy is silent on assignment and does not prohibit or restrict it, Bob may be able to assign his claim to Hardknuckle without Cathy's consent. However, it is important to note that Bob should review the agreement and seek legal advice to ensure that assignment is not prohibited or restricted, and that any assignment complies with applicable law.
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which of the following are reasons for the inverse relationship between price and quantity demanded? multiple select question. buyers will buy more of a good if their friends are buying it. a higher price makes it more likely the consumer will substitute another good. a lower price increases the purchasing power of a buyer's income, enabling a buyer to purchase more of a product. a lower price represents a low-quality product. consumption is subject to diminishing marginal utility. people ordinarily buy more of a product at a low price than at a high price.
The reasons for the inverse relationship between price and quantity demanded are:
A higher price makes it more likely the consumer will substitute another good.
A lower price increases the purchasing power of a buyer's income, enabling a buyer to purchase more of a product.
Consumption is subject to diminishing marginal utility.
People ordinarily buy more of a product at a low price than at a high price.
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1. are it applications an asset or an expense? 2. what is the main purpose of allocating it costs to user departments? 3. as a percentage of sales, how much should a company spend on it?
IT application costs and benefits are both possible. Budgeting and decision-making are the major reasons for allocating IT costs. Although there is no predetermined amount, IT spending typically amounts to 3-5% of total sales.
Applications for information technology (IT) can be viewed as both a cost and an asset. On the one hand, they can provide a tremendous advantage in terms of improved production, efficiency, and competitiveness. However, they can also be expensive to purchase, use, and maintain. Determining the true cost of utilizing and reaping the benefits of IT applications is the major goal of allocating IT costs to user departments. This data can be used to distribute IT costs in a way that is consistent with the overall objectives and plans of the business and to make educated decisions regarding IT investments. The right amount of money a business should spend on IT will vary based on the particular circumstances, hence there is no universally applicable solution to this topic.
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marginal analysis studies how individuals decide:
Marginal analysis studies how individuals decide on the allocation of resources by comparing the additional benefits of an activity to the additional costs incurred.
Marginal analysis is a tool used by economists to help make decisions about how to allocate resources in the most efficient way possible. Marginal analysis looks at the additional benefits and costs of an activity to determine if it is worth pursuing. If the additional benefits outweigh the additional costs, then the activity is worth pursuing. If the additional costs outweigh the additional benefits, then the activity should not be pursued.
Marginal analysis is a decision making tool in projecting the maximum potential profits for the company by comparing the costs and benefits of an activity. Marginal analysis is important on observing changes and evaluate the opportunity cost of an action.
Overall, marginal analysis is an important tool in economics that helps individuals and businesses make informed decisions about how to allocate resources in the most efficient way possible.
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Question 1
All of the below are examples of noteworthy news that could generate positive media mentions, EXCEPT
Hiring a new employee
A partnership with a local nonprofit that you donate to
Growth of your business into new markets or product lines
A new product or service rollout
Answer:
A new product or service rollout
Explanation:
While a new product or service rollout can be important for a business, it is not necessarily noteworthy news that would generate positive media mentions. Positive media mentions typically come from news that is unique, impactful, or of significant interest to the public, such as a partnership with a local nonprofit or growth of a business into new markets or product lines. Hiring a new employee is also noteworthy news, as it can demonstrate growth and success for a business.
refer to the graphs above. suppose a firm is currently producing 500 computers per week and charging a price of $1000. how will the firm respond to a negative demand shock if prices are flexible?
Sell 650 laptops at a cost of $1,000 each. The graph can be found in the file below. A positive demand shock is depicted by D3 in the graph as a shift to the right of the demand curve.
Negative events reduce output and increase unemployment. Positive shocks increase production while decreasing unemployment. The impact on inflation, however, will vary based on whether the shock was a supply shock or a demand shock.
In D3, the point of equilibrium intersects at $1,000 and 650 computers; thus, in the event of a positive demand shock, the firm would make 650 computers and charge $1,000.
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jane is unmarried and has no children, but provides more than half of her mother's financial support. jane's mother lives in an apartment across town and has a part-time job earning $5,000 a year. which is the most advantageous filing status available to jane?
Jane's mother has a part-time job earning $5,000 a year and resides in an apartment across the street. Which of the available filing statuses is the most advantageous for Jane Single.
By earning, what do you mean?
Your earnings are the money you take home after working a job. When you find out that your pay will be more than generous, babysitting will excite you much more. The majority of your profits come from work you've done, though you can also refer to money you make from investments as earnings.
Positive net income is defined as having a net income of at least one dollar ($1) every month. Positive net income is defined as net income of at least one dollar ($1) for the applicable period.
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g suppose you wish to invest money safely and are trying to decide between stock options in two companies. the average rates of return are the same for both companies but, one company has a much larger standard deviation of its rates of return. a. which company should you invest in? the company with the smaller standard deviation the company with the larger standard deviation
You wish to make safe investments, according to the provided circumstances. This reveals your risk aversion. The stock with a lower standard deviation will be our choice.
Less variation from the average return is indicated by a lower standard deviation. Less variance means less chance of both a significant upside and a significant negative. A significant downside is something that risk-averse investors wish to avoid.
As a result, because it carries less risk, you will select the stock with a lower standard deviation. As a result, for this kind of investor, the stock with a lower standard deviation is a superior option.
A stock with a low standard deviation will offer similar average returns but little risk, as both its downside and upside will be modest.
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Which business custom do the MINT countries of Mexico, Indonesia, Nigeria, and Turkey all have in common? Multiple Choice Overlowing stne agendas for business meetings O being punctual to business meetings avolding alcohol while dining discussing politics shaking hands
Over lowing stne agendas for business meetings business custom do the MINT countries of Mexico, Indonesia, Nigeria, and Turkey all have in common. These rising economies do have some characteristics, the most notable of which is that they all have sizable populations. The answer is OPTION A
"Favourable demographics," meaning that there is a plentiful supply of young labour. The population of all four of these nations is among the top 20 in the world, with Indonesia having the fourth-highest number at almost 250 million. First, determine whether the market has enough room for expansion. Emerging business are attractive primarily because of the rates of growth they provide.
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providing a linkage between savers and investors is an important aspect of: group of answer choices government. the public sector. consumers. a well-functioning financial system.
providing a linkage between savers and investors is an important aspect of: a well-functioning financial system.
A well-functioning financial system is the group of answer choices that provides a linkage between savers and investors. The financial system allows savers to invest their savings by providing them with various investment options, such as stocks, bonds, and mutual funds. At the same time, it provides investors with the necessary capital to finance their investments.
The financial system plays an essential role in channeling savings into productive investments that can drive economic growth. It allows investors to raise capital at a reasonable cost, which helps them to expand their businesses, create jobs, and contribute to economic development. Moreover, it allows savers to earn a return on their savings by investing them in a diversified portfolio of assets.
Therefore, a well-functioning financial system is crucial for economic growth and development, and providing a linkage between savers and investors is one of its essential functions.
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question 1 imagine you are a project manager and two of your team members disagree about how to approach a workflow problem. the debate leads to a personal conflict, so you listen to their arguments and propose a compromise that will move the project forward. during which stage of team development does this scenario take place?
This scenario takes place in the storming stage of team development.
What is storming stage?Storming is the stage of group development during which team members begin to challenge each other's ideas, opinions, and authority. During this stage, teams may experience tension, conflict, and disagreements as team members jockey for position and power. It is important for the team leader to be able to effectively manage the conflict that arises during this stage and ensure that the group progresses towards its goal.
This is the stage where teams work to establish roles and relationships, and often comes with a period of conflict or tension as team members negotiate their working styles and approaches. In this case, the project manager is helping the team to move forward by facilitating a compromise solution that will help to resolve the dispute and keep the project on track.
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what was the name of the data and relationship model developed by peter chen in 1976?
Entity–relationship modeling was the name of the data and relationship model developed by Peter Chen in 1976.
What does "entity relationship model" mean?In terms of entities and relationships, the entity relationship model (ERM) is a conceptual model that depicts the information structure of a problem area. An entity relationship diagram (ERD) is a visual representation of the modelling outcome produced by the ERM (ERD).
What is the ER model's significance?The conceptual design of databases is frequently described by an ER Diagram in DBMS. Viewing the database's structure before adopting it benefits both users and database developers.
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a perfectly competitive firm faces a perfectly inelastic demand curve. perfectly inelastic demand function. perfectly elastic demand function. demand function with unitary elasticity.
A demand curve that is a horizontal line parallel to the market's equilibrium price is what a completely competitive firm encounters.
A fully competitive firm's total revenue grows smoothly at a constant pace dictated by the current market price as it consistently generates more output. For a perfectly competitive firm, profits will be highest—or losses will be lowest—at the output quantity where total revenues surpass total costs by the greatest margin, or where total revenues fall short of total costs by the narrowest margin. A totally competitive corporation is unable to control the price it charges because it must accept the price for its output that is established by the supply and demand for the product in the market. In other words, since the price is predetermined by the profit formula, a firm that operates in a fully competitive market can sell any quantity of units at the same price.
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at jaa, how are strategic objectives, context, stakeholders, and risk criteria linked? support your comments with specific examples of the link in these four areas.
Strategic objectives, context, stakeholders, and risk criteria are all crucial elements that must be taken into account when formulating and putting into practise a successful strategy at JAA.
Stakeholders are people or groups who have an interest in a company or its operations. Examples include shareholders, consumers, suppliers, employees, and communities. Depending on their amount of commitment and dedication to the organization's success, these stakeholders may have varied levels of influence over it. incearca incearcaurmatoareleurmatoareleambulambulambulambulambulambulambulambulambulambulambulambulambulambulambulambulambulambulambul Organizations may make better decisions, foster trust, and produce value for all parties by interacting with stakeholders and taking into account their perspectives and requirements. Negative outcomes, such as reputational harm, income loss, or legal action, may be the result of ineffective stakeholder management.
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If the number of sellers in a market increases, then the A. demand in that market will increase B. supply in that market will increase C. supply in that market will decrease D. demand in that market will decrease
Answer:
Explanation:
If the number of sellers in a market increases, then the supply in that market will increase. This is because, with more sellers, there is a larger number of products available for consumers to purchase. As a result, the overall supply of goods in the market increases, leading to greater competition among sellers and potentially lower prices for consumers.
In contrast, if the number of sellers in a market decreases, the supply in that market will decrease. This can lead to higher prices for consumers due to reduced competition and a smaller number of goods available for purchase.
It is important to note that the relationship between the number of sellers in a market and the supply of goods is not always straightforward and can be influenced by other factors, such as changes in the cost of production, consumer preferences, and technology.
What do we call the companies that stadium owners use to manage their ticket sales?
We call companies that stadium owners use to manage their ticket sales as agencies.
What is an agency?Agency refers to an individual or group's capacity to take actions that produce desired outcomes or effects. It is the power that individuals or groups possess to make choices and decisions about their lives and the world around them. Agency can refer to personal agency, which is an individual's ability to exercise control over their own life circumstances, or collective agency, which is the ability of groups to act together to achieve shared goals. Agency is closely related to autonomy, which is the degree to which individuals have the power to govern themselves and make decisions without external influence. Overall, agency is a fundamental concept in understanding human behavior and social dynamics, as it underpins the ability of individuals and groups to shape their own lives and the world they live in.
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what is the expected dollar rate of return on euro deposits if today's exchange rate is $1.20 per euro, next year's expected exchange rate is $1.23 per euro, the dollar interest rate is 10%, and the euro interest rate is 5%
7.75% is the anticipated dollar rate of return on euro deposits. This indicates that, if the anticipated exchange rate holds true, an investor who converts dollars to euros and invests in euro.
We can use the formula below to determine the anticipated dollar rate of return on euro deposits: The expected return in dollars is calculated as [(1 + euro interest rate) x (expected future spot rate / spot rate)]. - 1 Euro Interest Rate: The current interest rate on deposits made in euros is 5%.
The predicted exchange rate for euros ($1.23 per euro in this situation) is known as the expected future spot rate.
Spot Rate: The current price of one euro ($1.20 in this example).
When we enter the values, we obtain: The expected dollar rate of return is calculated as [(1 + 0.05) x (1.23 / 1.20)]. - The expected return on a dollar equals 0.0775 percent.
As a result, 7.75% is the anticipated dollar rate of return on euro deposits.
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a statistical method for identifying cost behavior is called?
Cost-volume-profit (CVP) analysis is also known as "Identifying Cost Behavior." It makes income predictions about the impact of costs and sales behaviour. Within this...
What is the synonym of identifying?
recognize—to be able to tell what something is (and frequently to know its name), as in He knew it was a monarch butterfly the moment he saw it. identify or specify, as in Finally, my mechanic was able to recognize/diagnose/locate the issue.
Personal information that enables the individual to be directly identified and that is required for data collection, verification, and matching but not for the purpose of generating statistical conclusions.
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Answer: Regression
Explanation:
what is the best explanation of the fact that when a store manager uses little's law to predict customer flow rate, the answer is 10.43 per hour?
The store manager's prediction of customer flow rate is 10.43 per hour, based on Little's Law which states that the average number of customers in a system is equal to their average flow rate multiplied by their average residence time.
Little's Law states that the average number of customers in a system is equal to the average arrival rate multiplied by the average time those customers spend in the system. In this case, the store manager has calculated that the average arrival rate is 10.43 customers per hour. This means that, on average, 10.43 customers enter the store per hour.
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anaida is an entrepreneur who believes in providing equal opportunity to people regardless of their age, gender, race, or religion. she is open-minded and detests the idea of taking advantage of others. in the context of universal ethical standards, anaida most likely possesses the core value of .
In the context of universal ethical standards, Anaida most likely possesses the core value of: c. fairness
Ethics are a set of beliefs spot on and off-base, great and terrible. Universal moral standards are norms that apply to all individuals across a wide spectrum. Ethics has six core values and they are: trustworthiness, respect, responsibility, fairness, caring, and citizenship. Ethics should never be relative because of morality of standards shift contingent upon the situation and how it relates to the situation.
Reverence forever (in the entirety of its forms) Relationship and responsibility for the 'entire' Society before self/social responsibility. Worldwide justice (as reflected by global laws)
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The requirement for universal ethics. Immanuel Kant accepted that we are still up in the air to act by regular impulse nor liberated from nonrational impulse. Thus, we really want some normal rules of lead that let us know how we should act when it is an option for us to choose
The complete question is:
Anaida is an entrepreneur who believes in providing equal opportunity to people regardless of their age, gender, race, or religion. She is open-minded and detests the idea of taking advantage of others. In the context of universal ethical standards, Anaida most likely possesses the core value of _____.
a. responsibility
b. frugality
c. fairness
d. citizenship
What does the rule say that more will be demanded at a lower price and less at a higher price?
The law of demand states that higher prices result in smaller quantities demanded while lower prices result in larger quantities demanded. Demand curves and demand schedules are tools used to describe the relationship between quantity desired and pricing.
What is the law of demand?
The price of a good or service and the quantity of that good or service that buyers are willing and able to acquire are indirectly correlated, in accordance with the Law of Demand. In other words, if an item's price increases, buyers are less inclined and able to buy it, and vice versa.
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