Under the bush steel tariff, foreign firms selling steel in the u.s. had to pay $75 per ton to the government for the privilege of importing.
What is the Bush Steel Tariff?
U.S. President George W. Bush imposed tariffs on imported steel on March 5, 2002. On March 20 the tariffs went into force, and on December 4 Bush removed them. According to research, the tariffs had a net beneficial effect by reopening numerous closed steel plants.
The temporary tariffs of 8–30% were supposed to be in place until 2005. They were put in place to safeguard American steel producers against what a U.S. investigation concluded to be an unfavourable rise in imports of steel. In recent years, more than 30 steel manufacturers have declared bankruptcy. Initial tariff requests from steel manufacturers ranged up to 40%. Because the United States would be subject to fines under the North American Free Trade Agreement, Canada and Mexico were spared from the duties (NAFTA). A few other nations, like Argentina, Thailand, and Turkey, were also spared. The steel tariffs at the time were typically between 0% and 1%, making the 8-30% rates appear incredibly expensive. However, these prices are equivalent to the typical, permanent U.S. tariff prices on a wide range of apparel and footwear.
The US steel sector needed to be safeguarded from unexpected spikes in steel imports, which is how the Bush administration justified the taxes as an anti-dumping reaction.
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under the bush steel tariff, foreign firms selling steel in the u.s. had to pay $_____ per ton to the government for the privilege of importing.
Product differentiation is important for firms and consumers in monopolistic competitive markets because ... (select all correct answers) A. It reduces the price elasticity of the seller's demand curve B. It increases choice and alternatives for buyers C. it promotes economic profit in the long run D. it promotes the entry of new firms in the market
Product differentiation is important for enterprises and consumers in monopolistic competitive markets because A: it minimizes the price elasticity of the seller's demand curve C: it promotes economic profit in the long run and D: it promotes the entry of new enterprises in the market.
Monopolistic competitive markets exist when many firms offer competing products and services that are similar but are not perfect substitutes for each other. The barriers to entry in monopolistic competitive markets are low, and the decisions of any one enterprise do not directly affect its competitors. In monopolistic competitive markets, companies do product differentiation based on their pricing and marketing decisions.
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Through a program called __________, Bose Corporation has eliminated a large part of its purchasing department and has empowered suppliers to write their own purchase orders. Select one:A. sole sourcingB. JIT II /VMIC. proprietary sourcingD. innovative sourcingE. creative sourcing
Through a program called proprietary sourcing, Bose Corporation has eliminated a large part of its purchasing department and has empowered suppliers to write their purchase orders. The correct option is c.
What is proprietary deal sourcing?A proprietary deal refers to when it lets a specific buyer have a first chance to purchase a company before the company is presented to other buyers by the owner or an investment banker. Proprietary deals are often presented to specific buyers based on their perceived fit with the seller. While proprietary deals can be cost-effective and closed more quickly than an auctioned process, the total purchase price or overall deal structure may not maximize value for the seller.
The primary benefit of proprietary deal sourcing is the lack of competition within the deal.
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Which of the following statements about striving to reduce labor costs per pair produced at each of the company's production facilities is true? Companies producing branded footwear with an S/Q rating above 5.0 stars are unlikely to achieve labor costs per pair produced that are below the industry average in those geographic regions where they have production facilities Achieving labor productivity of 3,700 pairs per worker at a production facility is nearly always sufficiently high for a company's production labor costs per pair (after rejects) at the facility to be close to the industry-low (as reported on p. 6 of the most recent FIR) Achieving labor costs per pair produced at a particular production facility that are below the region's industry-average (as reported on p. 6 of FIR) requires company managers each year to seek out a combination of base pay increases, incentive payments per non- defective pair produced, total annual compensation, and expenditures for best practices training at the facility that is projected to achieve labor costs per branded pair lower than the_prior year (since worker productivity at each production facility should be trending upward over time). The most cost effective way for a company to achieve low labor costs per pair produced is to give production workers annual base pay increases in the range of 10% to 15% annually in each geographic region where it has production facilities. The simplest and most effective way for a company to achieve labor costs per pair produced that are below the industry average is to compensate production workers at levels that are below the industry average in each geographic region where it has production facilities.
The subsequent declaration is true: The handiest and the only manner for corporation to obtain hard work prices in step with pair produced which might be under the enterprise common is to compensate manufacturing employees which might be under the enterprise common in geographic location where it has manufacturing facilities.
The required details for Industry averages in given paragraph
Industry averages (of economic ratios) are usually the use of as benchmarks or gear which facilitates commercial enterprise to make comparisons that facilitates to decide its role withinside the enterprise and examine economic overall performance of the commercial enterprise. It is a beneficial device for commercial enterprise managers and investors, facilitates with choice making process. It constitute information figures of diverse commercial enterprise groups throughout unique industries of manufacturing awesome merchandise and services. Some people and groups use enterprise averages as a beneficial gear, it offers a medium degree of all different competition overall performance.[Compare their personal information parent with the ones averages, it may assist character or business enterprise to make choices and predictions approximately viable outcomes.
Such as, Investors examine an business enterprise's economic ratios with enterprise averages to assess whether or not the business enterprise have capability electricity to boom withinside the future, and degree of chance for the investment.
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The subsequent declaration is true: The handiest and the only manner for corporation to obtain hard work prices in step with pair produced which might be under the enterprise common is to compensate manufacturing employees which might be under the enterprise common in geographic location where it has manufacturing facilities.
The required details for Industry averages in given paragraph
Industry averages (of economic ratios) are usually the use of as benchmarks or gear which facilitates commercial enterprise to make comparisons that facilitates to decide its role within side the enterprise and examine economic overall performance of the commercial enterprise. It is a beneficial device for commercial enterprise managers and investors, facilitates with choice making process. It constitute information figures of diverse commercial enterprise groups throughout unique industries of manufacturing awesome merchandise and services. Some people and groups use enterprise averages as a beneficial gear, it offers a medium degree of all different competition overall performance. Compare their personal information parent with the ones averages, it may assist character or business enterprise to make choices and predictions approximately viable outcomes.
Such as, Investors examine an business enterprise's economic ratios with enterprise averages to assess whether or not the business enterprise have capability electricity to boom within side the future, and degree of chance for the investment.
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What is the role of total quality management?; How can TQM be used to improve quality and productivity?; What are the 3 Total Quality Management principles?; What are the 4 principles of TQM?
Total Quality Management (TQM) is the belief that all members, from humble employees to senior executives, focus on improving quality, thereby improving quality, which will enable an organization to achieve long-term success. A management framework based on
Total Quality Management (TQM) is a continuous process to identify and reduce or eliminate defects. It is used to streamline supply chain management, improve customer service, and ensure employee training.
The fundamental goal of Total Quality Management (TQM) is to involve all levels and functions of an organization in order to continuously meet or exceed customer expectations for routine operations, products, or services. The
Total Quality Management (TQM) strategy aims for long-term success by involving members of all levels of the organization and increasing customer satisfaction by producing the best possible product. There are no real downsides to successfully implementing a TQM strategy.
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A private industrial network is an independently owned online marketplace that connects many suppliers and buyers.
True/False
'A private industrial network is an independently owned online marketplace that connects many suppliers and buyers.
This statement is False.
An online marketplace is a type of e-commerce site that hosts product or service information from multiple third-party vendors. Online marketplaces are a major mode of multi-channel e-commerce and a potential way to streamline production processes.
Online marketplaces are e-commerce sites that connect sellers and buyers. Often called electronic marketplaces, all trades are controlled by the owner of his website. Businesses use online marketplaces to reach customers who want to buy their products and services.
Marketplaces fall into three main categories when grouped by target audience: business-to-business (B2B), business-to-business (B2C), and peer-to-peer (P2P). - Represents Customer (C2C).
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The following table showing the cash flows for TIPS bonds. Inflation in Year Just Ended Coupon Payment Principal Repayment + Total Payment Time 0 1 2 3 3.258 3.00 2.25 Par Value $1,000.00 1,032.50 1,063.48 1,087.40 $67.11 69.13 70.68 $ 0 0 1,087.40 $ 67.11 69.13 1,158.08 a. What is the nominal rate of return on the bond in year 2? If real rate of return is 6.50% per annum (Round your answer to 2 decimal places.) Nominal rate of return in year 2 % b. What is the real rate of return in year 2? (Round your answer to 2 decimal places.) Real rate of return in year 2 % c. What is the nominal rate of return on the bond in year 3? (Round your answer to 2 decimal places.) Nominal rate of return in year 3 8.15 %
A. Nominal rate of return in year 2 = (1+0.065)*(1+0.03) -1 = 9.70%.
B. Real Rate of return in year 2 = 6.50%.
In TIPS Real rate of return remain fixed. and the nominal rate increases with inflation.
C. Nominal Interest Rate in Year 3 = (1+0.065)*(1+0.0225) -1 = 8.90%.
The nominal interest rate is the interest rate before taking inflation into account. Nominal may also refer to the advertised or stated rate of interest on a loan without taking into account fees or compounding interest. Nominal interest rates are often used in banks to represent interest rates on various loans and in the investment field.
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Janelle owns a small hotel in San Francisco near Fisherman's Wharf. She pays $30,000 per year in insurance, $418,000 in wages, and $43,000 in supplies. She forgoes $30,000 per year she could make as a police officer. Her total revenue last year equaled $560,000. That means her economic _____ equaled _____.
The profit that is earned by Janelle is equal to $39,000, considering all the payment and total revenue.
Calculation:
insurance payment = $30,000
Wages = $418,000
Supplies = $43,000
Amount forgone = $30,000
Total revenue = $560,000
Profit = $560,000-$30,000 -$418,000 - $43,000-$30,000 = $39,000
Profit is the term used to describe the financial gain experienced when the revenue from an economic business surpasses the expenses, ends up costing, and taxes associated with maintaining that activity.
Any profits generated are returned to the company's owners, who can decide whether to keep all the money for themselves, pay dividends to shareholders, or reinvest it in the company. The cash a company retains after deducting all costs is known as profit. The main objective of every company, whether it be a little fruit stand or a publicly traded multinational corporation, is to make money. As a result, a business's success is measured by its profitability in all of its forms.
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Which of the following are included as common types of financial institutions?
The following are illustrations of typical financial institution categories, including banks.
What makes money important?The science of finances centers on monetary difficulties. It is an important component for everybody or any organization. In light of the fact that all businesses must generate money in order to live, it is essential to a firm. As a reason, it is viewed as a specialty industry needing skilled workers.
What does finance include for a company?It makes reference to the entire quantity of cash and credit that a corporation has utilized. The execution of all other economic activities, as well as the purchase of goods, services, and raw materials, require business finance. In particular, it is required for conducting out all business processes.
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it is more effective for the units of a growing chain to be run by franchisees than by managers because managers are usually paid a salary and may not be as committed to the success of their individual units as franchisees, who are in effect the owners of the units they manage.
Franchising is often used as a cost-effective growth strategy for businesses. A key benefit of this strategy is that no capital layout is required for a new franchised store as opposed to corporate-owned stores. Franchised stores are also proven to be more successful than corporate-owned stores.
Franchising is based on a advertising idea which may be adopted by using an enterprise as a strategy for enterprise expansion. wherein implemented, a franchisor licenses a few or all of its understanding, techniques, intellectual assets, use of its business version, emblem, and rights to sell its branded services and products to a franchisee. In go back, the franchisee will pay certain prices and has the same opinion to comply with sure duties, usually set out in a franchise agreement. The phrase franchise is of Anglo-French derivation—from franc, which means 'free'—and is used both as a noun and as a (transitive) verb.
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decision-making authority is kept at the very top when an organization is .
Decision-making authority is kept at the very top when an organization is centralized.
In what sort of association is dynamic power?
In a decentralized association authority and power are designated to bring down degrees of representatives to enable them with satisfactory opportunity and dynamic capacity. Concentrated associations hold the power and dynamic position to their couple of senior-level workers.
When a large part of the dynamic in an association rests with top administration the association is?
In a unified association, even those choices in regards to regular tasks and cycles are for the most part settled on by upper level chiefs or the entrepreneur. Strategies are set up to guarantee the remainder of the organization follows after the chiefs.
What exists when top administration holds all expert for simply deciding?
Concentrated authority is where one individual at the top goes with every one of the choices, and representatives are supposed to do guidelines as they stream down in the association.
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the performance of vendors and of suppliers is reviewed to determine if . group of answer choices the person who selected them should be fired they should be hired as employees they should continue to be listed as a qualified supplier or vendor their information should be turned over to the customer none of the above
The performance of vendors and of suppliers is reviewed to determine if they should continue to be listed as a qualified supplier or vendor.
An entity that supplies something that another entity, organization, or individual needs is known as a supplier. There are suppliers or purchasers in trades. Buyers receive the products or services that suppliers offer or supply.
Typically, a supplier is really a producer that manufactures the product themselves or a wholesaler who buys the products from producers. At any and every phase of the product life cycle, suppliers are vital. The time it takes for a product to create and enter the market is referred to here as the product life cycle. Depending on the firm's volume, the lifecycle may be lengthy or brief, but there is no question that businesses require good and reliable suppliers to obtain the optimal products.
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peggy simmons has a tough assignment. she is to live in japan for the next five years and successfully introduce her company's line of cosmetics to japanese women. her company's management hopes that living in an average neighborhood, commuting to work every day, eating native food, and speaking japanese will help peggy involve herself in the society more quickly than if she stayed separate from her hosts. the company's management wants peggy to use the model.
Peggy simmons has a tough assignment. she is to live in japan for the next five years and successfully introduce her company's line of cosmetics to japanese women progressive learning.
company's line promote many product lines below diverse logo names, and the products are especially differentiated by using first-rate, rate, and centered demographic. There are distinctive emblem kinds: corporate manufacturers, product manufacturers, personal brands, carrier brands.
The pinnacle line refers to the income or the sales of a Organisation that's the entire profits generated throughout a specific length. the lowest line is the net profit of the corporation which is in the end running charges, depreciation, hobby and taxes. the lowest line is what the corporation honestly generates for shareholders.
A Line of business, often referred to as a LOB, is a grouping of services or products presented through a agency (normally a particular consumer or particular business unit). In Infoplus, a Line of business is equivalent to a commercial enterprise unit.
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Which of the following will most likely occur in an economy if more money is demanded than is supplied?
Interest rates will increase and will most likely occur in an economy if more money is demanded than is supplied.
What occurs when the money supply grows?
A rise in the money supply often results in lower interest rates, which encourages more investments and puts more wealth into the hands of consumers, so promoting consumption. In response, businesses order more raw resources and boost output.
Remembering that if people want to retain less cash, they will want to store more bonds, we can see why the interest rate declines. Thus, Panel demonstrates that there is a rising demand for bonds.
Therefore, Bonds' increased price results in lower interest rates, which in turn help the money market return to equilibrium.
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The installation of production improvement option D which boosts' worker productivity by 50% by using robots to assist in producing footwear
O will reduce labor costs per pair produced by the greatest amount at a newly established production facility in Latin America, as compared to the per pair reductions that can be achieved at production facilities in other regions. O is a more economically attractive means for reducing labor costs per pair at production facilities in North America and Europe-Africa than for a production facility in the Asia-Pacific or for a production facility in Latin America because compensation costs for workers in North America and Europe-Africa are typically much higher than in the other two regions. O results in a bigger reduction in labor costs per pair produced at a production facility in the Asia-Pacific than a production facility in North America because both compensation of workers and worker productivity in the Asia-Pacific are lower than in North America. O is a very economically attractive means for reducing labor costs per pair at a production facility in the Asia-Pacific. reduces labor costs per pair by the greatest amount at company production facilities in any region producing 300 or more models/styles of branded footwear with an S/Q rating of 6- stars or higher.
The installation of production improvement option D which boosts' worker productivity by 50% by using robots to assist in producing footwear is a very economically attractive means for reducing labor costs per pair at a production facility in the Asia-Pacific. Thus, option C is correct.
What is production?
The process of mixing several inputs, particularly real and spiritual, to produce output is known as production. In a perfect world, this output would be a service or item that is useful to others and has value.
At a processing facility in the Asia-Pacific, installing production enhancement which increases employment levels by 50% by using robotics to help in producing boots, is a highly economically appealing way to lower labour expenses per pair.
Therefore, option C is the correct option.
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the element of a bargained for exchange or consideration is one means to distinguish contracts from gifts
The element of a bargained for exchange or consideration is one means to distinguish contracts from gifts. Thus, the statement is true.
What is a contract?A contract is an agreement between parties that establishes legal duties for both parties. The fundamental components necessary for the agreement to be legally enforced are - mutual assent, valid offer and acceptance, adequate consideration.
An agreement between two parties must have been a bargained exchange in order to be considered a contract. This happens when each side offers a promise or performance (consideration) in exchange for a promise or performance in return from the other side.
Therefore, a bargained exchange helps to differentiate between a contract and gift.
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Your question is incomplete, but most probably the full question was,
True and False - the element of a bargained for exchange or consideration is one means to distinguish contracts from gifts
What is the importance of positive messaging?; Why is it important for a business to have good communication?
Answer:
It is critical to communicate effectively so that teams can flourish in a positive environment. Team members become stronger and work more efficiently when communication is positive and encouraging. The ability to communicate effectively makes working with others easier and less stressful.
Hope this helps!
Which of the following features define human needs:
Human needs are fundamental requirements that must be met in order for individuals to survive and thrive. Some features that define human needs include:
Physical needs: These are basic needs that are essential for human survival, such as food, water, shelter, and clothing.Psychological needs: These are needs that are related to mental and emotional well-being, including the need for love, belonging, and self-esteem.Social needs: These are needs related to social interaction and connection with others, including the need for friendship, companionship, and community.Cultural needs: These are needs related to an individual's cultural identity, such as the need to express and preserve one's cultural traditions and values.Personal development needs: These are needs related to an individual's growth and development, including the need for education, self-improvement, and personal fulfillment.Overall, human needs are diverse and complex and may vary depending on an individual's specific circumstances and cultural context.
At the current output level, a firm finds that it has the potential to increase its profit by expanding output. If P = price, MR = marginal revenue, and MC = marginal cost, which of the following must hold at the current output for the firm?
The Marginal Revenue is greater Marginal Cost must hold at the current output for the firm
What is Marginal Revenue?
The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns. According to economic theory, firms that are completely competitive keep on producing goods until marginal revenue and marginal cost are equal. The incremental shift in profits brought on by the sale of one more unit is referred to as marginal revenue. An organization can determine the revenue from each additional unit sold by performing a marginal revenue analysis. Marginal revenue is sometimes represented visually as a downward sloping line that depicts how a business typically has to lower its prices to get more sales.
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when a binding price ceiling is imposed on a market, question 6 options: there is no longer a guarantee that the good will go to those who place the highest value on it. the quantity supplied at the price ceiling exceeds the quantity that would have been supplied without the price ceiling. all buyers benefit. all of the above are correct.
A price ceiling is the highest price that may be charged for a good by law or by the government.
His asking price is waiting. Given that it is binding, the market price will be $110. The suppliers will cut back on the amount they supply. The buyers will increase the quantity they demand. Consequently, a $110 price cap will cause a shortage. A price ceiling is the highest price that may be charged for a good by law or by the government. In order to keep the commodity from becoming affordable for consumers, the price ceiling is typically set below the equilibrium price determined by the forces of supply and demand. A shortage will occur when there is a price ceiling because the quantity demanded will be more than amount provided. An illustration of this is shown below.
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Suspicious withdrawals have recently been taken from an account that's owned by a client who is 70-years-old. The registered representative suspects that the client is unaware of these withdrawals and that the customer's niece has been withdrawing money without the customer's knowledge. Which of the following is the best course of action for the RR to ensure that the account is not being exploited?
halt suspicious withdrawals from the account
If the RR is to ensure that the account in question is not exploited, they must halt suspicious withdrawals from the account.
What are suspicious withdrawals?
Suspicious cash withdrawals include: unusually large cash deposits made by a person or business whose purported business activities would typically be funded by checks and other instruments; significant increases in cash deposits of any person or business without apparent cause, especially if such deposits are then transferred within a short period of time out of the account and/or to a destination not typically associated with the person or business.
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An important routine function of the Federal Reserve Bank is to:
supervise the liquidation of the assets of bankrupt state banks.
help large commercial banks develop correspondent relationships with smaller commercial banks.
advise commercial banks as to the most profitable ways of reinvesting profits.
provide facilities by which commercial banks and thrift institutions may collect checks.
provide facilities by which commercial banks and thrift institutions may collect checks.
Provide facilities by which commercial banks and thirft institutions may collect checks
Supervising and Regulating Financial Institutions and Activities. The Federal Reserve promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole.
What are the 3 main functions of the Federal Reserve?
The Federal Reserve advances supervision, community reinvestment, and research to improve understanding of the impacts of financial services policies and practices on consumers and communities.
Which of the following is a function of the Federal Reserve system?
A function of the Federal Reserve System is to provide financial services to commercial banks such as clearing checks and holding reserves.
An important routine function of the Fedaral reserve bank is to:
provide facilities by which commercial banks and thrift institutions may collect checks.
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One of your associates often leaves at the end of the shift without saying anything, even if in the middle of a task. rate the effectiveness of each response ineffective, slightly effective, moderately effective, or highly effective.
As it increases employee morale, engagement, productivity, and satisfaction, communication in the workplace is crucial. For better teamwork and cooperation, communication is also essential.
Give a brief account on effective workplace communication.Effective workplace communication ensures that workers have the knowledge they need to perform well, creates a positive work environment, and gets rid of inefficiencies. Accurate information should be communicated while preserving or enhancing interpersonal relationships.
A business can really suffer from miscommunication. According to a survey by Expert Market, 28% of employees cited poor communication as the reason they couldn't complete projects on time. Miscommunication costs companies with at least 100 employees, on average, $450,000 or more annually.
Rating the effectiveness of each response :
1. Talk with the associate about the importance of communicating the progress of tasks to ensure all work gets completed. - slightly effective
2. Closely monitor the work of the associate. Talk with the associate if you identify an issue with the quality of the work. - moderately effective
3. Notify Human Resources about your concerns so they can follow-up with the associate about the issue you identified. - ineffective
4. Schedule time at the end of each shift to review the associate's work and determine what additional tasks still need to be completed. - highly effective
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The complete question is mentioned below :
One of your associates often leaves at the end of the shift without saying anything, even if in the middle of a task. rate the effectiveness of each response ineffective, slightly effective, moderately effective, or highly effective.
1. Talk with the associate about the importance of communicating the progress of tasks to ensure all work gets completed.
2. Closely monitor the work of the associate. Talk with the associate if you identify an issue with the quality of the work.
3. Notify Human Resources about your concerns so they can follow-up with the associate about the issue you identified
4. Schedule time at the end of each shift to review the associate's work and determine what additional tasks still need to be completed.
To determine perceived value in the marketplace and your price point for offering personal training you should:a) Complete a market analysis.b) Set business objectives.c) Conduct a direct mail or phone survey.d) Determine your desired profit
To determine perceived value in the marketplace and your price point for offering personal training you should Complete a market analysis. In addition to qualitative information about consumer values, aspirations, and purchasing intentions.
Market analysis also contains quantitative information about the size of the market you actually want to service, pricing consumers are prepared to pay, and revenue estimates. An in-depth evaluation of a market within a particular consumer is what is known as a market analysis. You will research the market dynamics, including volume and value, possible client segments, purchasing trends, rivalry, and other crucial elements. It examines the market's size in terms of both volume and value, the different consumer segments and purchasing patterns.
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once you've identified a specific it career you'd like to pursue, which of the following can best help you create a career plan? (select two.)
Hyperautomation is a disciplined, business-driven strategy that businesses use to quickly identify, validate, and automate as many IT and business processes as possible.
The first step in career planning is self-evaluation. A personality or aptitude test, such as BetterUp's Whole Person Assessment, might be a good option for you. A core values assessment might also help you figure out how to combine your career and your values.
Behaving honorably, even when no one is looking, is an act of integrity. In all aspects of life, people with integrity adhere to moral and ethical principles.
What are the 3 most significant things in a profession?
A job seeker should look for the following three key characteristics in an employer: work-life balance, career advancement, and reputation.
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What percentage did closed and originations increase in 2019?; How many mortgages started in 2019?; What percentage of home loans are government backed?; How big is the mortgage origination market?
In total, the number of closed-end originations in 2019 increased by 26 percent. Lenders reported approximately 8.1 million originations of mortgages in 2019. 50% of home loans are government backed and Estimated Year Value of mortgage market for year 2022 is US$ 8.7 Billion.
A mortgage, commonly known as a mortgage in civil law countries, is a loan that a property buyer or existing owner can use to borrow money while placing a lien on the property. product they are buying.
Mortgage initiation, a procedure, is how a loan is "secured" against a borrower's home. This implies that, in the event that the borrower defaults on the loan or violates the terms of the loan, a legal process is established that allows the lender to seize and sell the collateral to repay the loan.
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During August, 2018, Swifty's Supply Store generated revenues of $60500. The company's expenses were as follows: cost of goods sold of $35700 and operating expenses of $3900. The company also had rent revenue of $1100 and a gain on the sale of a delivery truck of $2500. Swifty's operating income for the month of August, 2018 is $209,000
Swifty's operating income for the month of August, 2018 is $56,600, not $209,000 as stated in the question.
Swifty's Supply Store's operating income for the month of August, 2018 is not $209,000. The operating income is calculated as the company's revenues minus its operating expenses. In this case, the operating income would be calculated as follows:
Operating income = Revenues - Operating expenses
Operating income = $60,500 - $3,900
Operating income = $56,600
This calculation does not include the cost of goods sold or any other non-operating items such as rent revenue or gains on the sale of assets. The cost of goods sold, rent revenue, and gain on the sale of the delivery truck would be reported separately on the company's income statement and would not be included in the calculation of operating income.
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at the beginning of 2022, robotics incorporated acquired a manufacturing facility for $12.7 million. $9.7 million of the purchase price was allocated to the building. depreciation for 2022 and 2023 was calculated using the straight-line method, a 25-year useful life, and a $1.7 million residual value. in 2024, the estimates of useful life and residual value were changed to 20 total years and $570,000, respectively.
Implementing the straight line approach A Initial cost of $9,700,000.00 B Initial salvage value of $1,700,000.00 C = A - B Initial depreciable cost.
Salvage value, which is based on what a firm anticipates getting in exchange for the asset after the end of its useful life, is the expected book value of an asset after depreciation is complete. The projected salvage value of an item is therefore a crucial factor in determining a depreciation schedule. The book value of an asset after all depreciation has been fully expensed is known as the salvage value. An asset's salvage value is determined by what a business anticipates getting in return for selling or dividing it up after its useful life has passed. Due to the low salvage value, businesses may fully depreciate their assets to $0. The overall depreciable amount a business utilizes in its depreciation schedule will depend on the salvage value.
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Supplies were purchased on January 1, to be used throughout the year, in the amount of $8,500. On December 31, a physical count revealed that the remaining supplies totaled $1,200. There was no beginning of the year balance in the Supplies account. Based on the information provided: A. Create journal entries for the original transaction B. Create journal entries for the December 31 adjustment needed to bring the balances to correct C. Show the activity, with ending balance
Here are journal entries for the December 31 to bring the balance too correct. The adjustment is necessary to ensure that the Supplies account accurately reflects the amount of supplies that are available for use.
A. Journal Entry:
Debit: Supplies 8,500
Credit: Cash 8,500
B. Journal Entry:
Debit: Supplies 7,300
Credit: Loss on Supplies 7,300
C. The different activity in the Supplies account is best shown in the form of a T-account. The T-account would show a debit of $8,500 for the original purchase of supplies, a credit of $7,300 for the December 31 adjustment, and a balance of $1,200 in the Supplies account. This balance of $1,200 reflects the remaining supplies at the end of the year.
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kennedy, inc. reported the following data: net income $163,966 depreciation expense 12,522 loss on disposal of equipment 11,882 gain on sale of building 18,437 increase in accounts receivable 7,305 decrease in accounts payable 3,680 prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. use the minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments. Kennedy, Inc. Statement of Cash Flow Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: I Net cash flow from operating activities
Depreciation does not have a direct affect on money flow. However, it does have an oblique effect on cash float due to the fact it changes the company's tax liabilities, which reduces cash outflows from profits taxes.
What is the money drift formula?Free Cash Flow = Net income + Depreciation/Amortization – Change in Working Capital – Capital Expenditure. Net Income is the company's earnings or loss after all its prices have been deducted.
What are the two methods of cash glide statement?Direct method – Operating money flows are presented as a list of ingoing and outgoing cash flows. Essentially, the direct approach subtracts the money you spend from the money you receive. Indirect technique – The indirect technique provides running cash flows as a reconciliation from profit to cash flow.
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https://brainly.com/question/735261#SPJ4True or False, actual costing does not use a predetermined overhead rate to apply manufacturing overhead costs to jobs completed during the period.
Actual costing does not use a predetermined overhead rate to apply manufacturing overhead costs to jobs completed during the period. True
What is Actual Costing?
Actual costing is the recording of product costs based on three factors. They are the actual cost of materials, the actual cost of labor, and the actual overhead costs incurred. Overhead costs are allocated using the actual quantity of the allocation base experienced during the reporting period.
For example, an auto repair shop may estimate that vehicle repairs will cost $1100, but the actual cost may actually be $1200. A customer might not be aware of the actual cost until the expenses are incurred during the repairs.
Variable costs: This type of expense is one that varies depending on the company's needs and usage during the production process. ...
Fixed costs: Fixed costs are expenses that don't change despite the level of production. ...
Direct costs: These costs are directly related to manufacturing a product.
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Actual costing does not use a predetermined overhead rate to apply manufacturing overhead costs to jobs completed during the period. True
What is Actual Costing?Actual costing is the recording of product costs based on three factors. These are actual material costs, actual costs, and overhead costs actually incurred. Overhead costs are allocated based on the actual amount of the allocation basis determined during the reporting period.
For example, an auto repair shop may estimate that it will cost him $1,100 to fix a vehicle, but it actually costs him $1,200. The customer may not be aware of the actual cost until the cost is incurred during the repair.
Variable costs: This type of expenditure depends on the company's needs and usage during the production process
Fixed costs are expenses that don't change despite the level of production.
Direct costs: These costs are directly related to manufacturing a product.
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