Use $F26 If you are entering a cell address in to Excel for cell F26 and you want to copy the formula that contains this address and have the row update, but the column stay locked,
What is Cell Address in Excel?The Excel Lookup and Reference functions subset include the cell ADDRESS Function. By using the row number and column letter, it will give a cell reference (its "address"). A text string containing the cell reference will be given.
The function can be used to create a cell reference inside of a formula and can return an address in either a relative or absolute format. As a financial analyst, you can change a column number into a letter by using the cell ADDRESS. The function can be used to address either the first or last cell in a range.
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uber uses a cost leadership strategy strategy. uber, an online transportation network, facilitates matching drivers with passengers who need transportation. it emphasizes efficiency and control to keep costs low. if you were a consultant hired to advise uber, you would suggest that it havefunctional structure.
Uber uses a cost leadership strategy one would suggest that it should have functional structure
When a company markets itself as the sector's least expensive manufacturer or supplier of a particular commodity or service, the phrase "cost leadership" is employed. Implementing the strategy is difficult since management must constantly look for ways to cut expenses at every level to compete better. By having the lowest operational expenses in the industry, a company can obtain a competitive edge through cost leadership. Cost leadership is frequently determined by a company's efficiency, size, scale, scope, and accumulated expertise with genuine challenges. A cost-cutting approach uses cutting-edge technology to attempt to benefit from economies of scale, well defined scopes, and other efficiencies such as a good purchasing technique.
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Managers of small businesses often find that ___________ are their most important roles.Managers in nonprofit organizations must prioritize the needs of _________ .
Managers of small companies often find their most important role as that of the spokesperson, whereas Managers in nonprofit organizations must prioritize the needs of donors.
What do you mean by spokesperson?
A spokesperson is a person who speaks on behalf of an individual, organization, or company. They are usually the primary spokesperson for a brand or company, the face and voice of the entity. They are responsible for representing the brand’s values, mission, and identity to the public and the media. Spokespersons are also responsible for communicating messages about the brand/company to the public and for responding to inquiries from the public or media. Additionally, spokespersons may be responsible for managing the brand’s public image, appearing at public events and interviews, and helping to shape the company’s overall strategy. By communicating the brand’s message effectively and positively, the spokesperson plays a crucial role in helping to build and maintain the company’s reputation.
So, The required answers are Spokesperson and donors.
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the daytona 500 is a 500-mile automobile race held annually at the daytona international speedway in daytona beach, florida. the following crosstabulation shows the automobile make by average speed of the 25 winners over a 25 year period.
A cross-tabulation detailing the winning car models and their corresponding average speeds over a 25-year period has been presented. To get the row percentage, multiply the result by 100 after dividing each frequency by the corresponding row total in the cross-tabulation.
Data tables known as cross tabulations show findings from both the subgroups that have been specified individually as well as the results from the total group of respondents. Crosstabs therefore give researchers the opportunity to carefully examine correlations within a data set that could otherwise go overlooked. It regards every piece of information as a notional piece of information. It has a category). You may examine the relationship between, say, age and the purchasing of electronic devices, two categorical variables. Simply said, cross tabulations are data tables with findings from both the total group of survey respondents and the results from subgroups of survey respondents. When evaluating the total survey responses, you may not be able to immediately see relationships within the data. Cross tabulations allow you to do this.
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Making the Decision. Analyze the statement and decide whether or not the test is significant; compare the computed value of the test to the critical value. The heights of two sections of female classes were compare. The fist section with only 24 students recorded an average heigh of 163.5cm with a standard deviation of 6.9cm. The other class with 20 students recorded an average height of 160.3 with standard deviation of 5.5cm. At 0.05 level of significance is there a reason to believe that the first section of female students is taller than the females of the second class if the p value is 0.005?
Answer:
To determine whether or not the test is significant, we need to compare the computed value of the test statistic to the critical value. In this case, the test statistic is the p-value, which is 0.005.
The p-value is a measure of the evidence against a null hypothesis. In this case, the null hypothesis is that there is no difference in the average height between the first section of female students and the second class of female students. A small p-value (typically less than 0.05) indicates that the evidence against the null hypothesis is strong, and we can reject the null hypothesis.
Since the p-value is 0.005 which is less than 0.05, we reject the null hypothesis that the mean height of first section of female students is equal to the mean height of second class of female students. Therefore, there is a reason to believe that the first section of female students is taller than the females of the second class.
juan and maria, who have two young chil-dren, are in the process of obtaining a divorce. juan expects to have $250,000 of income each year while maria expects to have $180,000 of income each year. assume the chil-dren will live with maria after the divorce and that juan will pay child support.
Since the children will live with Maria after the divorce, Juan will be required to pay child support to help with the costs of rearing the kids. The court may modify the amount of child support based on the particular facts of the case and other considerations, including the income of both parents.
After the divorce, the kids will live with Maria, thus Juan will be responsible for paying child support to help with the expenses associated with raising them. Child support can be determined by the court using a percentage of the noncustodial parent's income as a guideline. It's crucial to remember that depending on the particulars of the case, such as the needs of the children, the parents' capacity to pay, and other variables, the court may change the amount of child support.
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suppose that in an hour chip can gather 8 pounds of fruit or 4 pounds of nuts. in an hour, monk can gather 9 pounds of fruit or 3 pounds of nuts. which of the following choices would benefit both chip and monk if trade occurred?
Chip. in an hour chip can gather 8 pounds of fruit or 4 pounds of nuts. in an hour, monk can gather 9 pounds of fruit or 3 pounds of nuts.following choices would benefit both chip and monk if trade occurred.
The voluntary exchange of products or services between various economic players is referred to as trade. Because the parties are under no duty to trade, a transaction will take place only if both parties believe it is in their best interests. Because of comparative advantage in the production of marketable commodities, trade exists between geographical regions. Bananas grown in the tropics, for example, are marketed to people in cooler parts of the world. Markets are the economic institutions established by frequent commerce amongst a variety of dealers. Trade may be defined as a recurring sequence of exchanges of items. The latter phrase is sometimes used in a broader sense to refer to the location or day of traders' meetings, however this usage will be avoided.
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as a systems engineer for a large retail corporation, you have filled out a change order form to replace the laptop computers that sales reps use on the road with business tablets that are much more durable, provide both touch and keyboard options, and are more portable and easier to use when working with clients. the request has been forwarded to the change board, which is reviewing the change order form with you. one of the board members asks if this change will impact plans to move more of the business online to reach customers directly. which of the following questions does the board member really want answered? What is the scope of the requested change?
How does this change fit with company's current strategic focus?
What are the desired outcomes?
What are the desired deliverables
How does this change align with the present strategic priorities of the company.
What are the desired outcomes?Yes, this change is consistent with the company's present strategic focus. A new change can help a company perform better or more efficiently, or it can help it enter a new, more lucrative market or sector. A stalled business may be helped by modifications to the sales rep equipment to resume its previous growth rates. It makes communication between sales representatives simpler. They can change their agendas to accommodate them.
The desired outcomes are as follows:-
Ease of Information AccessIt saves timeMobility EaseImproved CommunicationCost EffectivenessImproved Learning MethodsTo know more about growth rates, visit:
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compare and contrast the characteristics of monopolistically competitive, monopolistic, and perfectly competitive markets.
In a monopoly market, only one firm determines the price and level of supply of goods and services. A perfectly competitive market is made up of many firms, none of which dominate the market.
How do you compare and contrast the characteristics of monopolistically competitive, monopolistic, and perfectly competitive markets?A monopolistic and perfectly competitive market influences supply, demand, and prices in many ways. In the real world, no market is completely monopoly or completely competitive. All real markets combine elements of these two market types.Between a monopoly market and perfect competition, there is monopoly competition or imperfect competition. In monopolistic competition, there are many producers and consumers in the market and each firm has only a certain amount of market power.A monopoly market and a perfectly competitive market are two market structures that differ in several important ways with respect to market share, price controls, and barriers to entry. In a monopoly market, there is only one company that determines the price and level of supply of goods and services, and that company has complete control over the market. In contrast to a monopoly market, a perfectly competitive market consists of many firms, none of which dominate the market.To learn more about market visit:
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when accountants input journal entries or calculate the cost of a product input, the accountants' role in an accounting information system is that of a .
when accountants input journal entries or calculate the cost of a product input, the accountants' role in an accounting information system is that of a User.
The date, the quantity to be credited and debited, a short description of the transaction, and the accounts involved are all included in each journal entry along with other information pertinent to a single business transaction.
Depending on the business, it could include a list of the impacted subsidiaries, tax information, and other details. A journal is a book where all of a business's transactions are initially documented. Journalising is the process of entering transactions into a journal.
Each transaction has two effects on the accounts: one debit and one credit. General journal entries are not processed electronically as invoices or other cash receipts are processed; rather, they are entered manually into the general ledger.
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The job of an accountant in an accounting information system is that of a User when they enter journal entries or determine the cost of a product input.
Each journal entry contains information specific to a particular business transaction, including the date, the amount to be credited and debited, a brief description of the transaction, and the accounts involved.
It could contain a list of the affected subsidiaries, tax data, and other information, depending on the firm. All of a business's transactions are originally recorded in a journal. The act of journalistic involves recording transactions in a journal.
Each payment has a debit and a credit on the accounts, respectively. Unlike invoices or other cash transactions, general journal entries are manually entered into the general journal rather than being processed automatically.
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reconstruct the income statement using the contribution margin format. calculate the magnitude of operating leverage. use the measure of operating leverage to determine the amount of net income joel will earn if sales increase by 10 percent.
If sales grow by 10%, Joel will have a net income of $28291.
Margin of contribution Income statement
As per the data provided in the above question are as bellow,
The provided data are as follow
sales down $250,000: variable cost
Purchase price 130,000 Sales commissions $25,000
2000 shipping and handling costs
overall variable costs (157000)
margin of contribution: 93,000
Fixed costs
Cost of administrative salaries: $30,000
Cost of advertising: $20,000
Cost of depreciation: $24,000
All-in fixed costs (74000)
operational profit of $9,000
Contribution margin x net operating income Equals magnitude of operational leverage
= 93000/19000
= 4.89
Increase in net income as a percentage (10*4.89) = 48.90%
Amount of net income = current net income + (+1%) net income growth
= 19000[1+.489] = $ 28291
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FILL THE BLANK In the horizontal model representation of the financial statements, the arrow going from net income to stockholders' equity means that the net income affects the ___________ ____________ account within stockholders' equity
The arrow from net income to shareholders' equity in the horizontal model representation of the financial statements indicates that net income influences the retained earnings account inside stockholders' equity.
Horizontal model is a financial analysis technique used to evaluate a organization's performance over time. By making a comparison between prior-period financial results with more current financial results, the organization is better able to spot the direction of change in account balances and the magnitude where that change has occurred.
In the horizontal mode the arrow going from net income to stockholders' equity is an indicator showing that the net income affects the retained earnings account within stockholders' equity.
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when tidewater needed to downsize, the company helped employees who were laid off to get placed in other organizations, and immediate supervisors talked to the employees about the reasons for their dismissal. when the job applicants for specific jobs are asked to execute a sample of the job, the company is utilizing a(n) test.
Option E. outplacement. A service called outplacement aids a fired employee in finding new employment and may include job coaching, resume preparation, and job searching.
Even though neither receiving nor giving the news of a job termination or layoff is pleasant, going above and beyond a severance payout by offering outplacement services can ease the frequently difficult transition for both parties.
When necessary to control costs or if awkwardness or tension are very high, some businesses use a third party. Other times, the company that is terminating an employee offers services internally. Traditionally, outplacement services were offered at an outplacement business so that the former employee could have access to the office equipment they required to produce applications and cover letters and find new employment (such as a phone and computer).
when tidewater needed to downsize, the company helped employees who were laid off to get placed in other organizations, and immediate supervisors talked to the employees about the reasons for their dismissal. when the job applicants for specific jobs are asked to execute a sample of the job, the company is utilizing a(n) test.
A) expatriation.
B) vertical integration.
C) benchmarking.
D) outsourcing.
E) outplacement.
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a building cost estimate is: question 1 options: prepared by the owner to keep contractors honest. a detailed list of materials and cost associated with them. only used in preliminary portions of the project for feasibility. an attempt to determine the likely cost of some building work before it is done.
Calculating the quantities and costs of the various things needed for the task can be referred to as the process of creating an estimate for any type of construction work. The owner of the builder should be fully aware of the scope of work before beginning any work for its execution is building cost estimate.
What is cost estimate?The approximate cost of a project, programme, or operation is known as a cost estimate. The end result of the cost estimating procedure is the cost estimate. The cost estimate has one total value and perhaps one or more separate component values. Cost estimation is a claim that quantifies the expense paid in producing finished goods. After deducting the necessary overhead costs and allowing for a specific profit margin, cost estimation aids in determining the selling price of the finished product. Making a list of the things you'll need and adding up their expenses is the most popular method for estimating expenditures. Make sure to factor in all necessary expenses, including those for transportation, labour, financing, fees and licences, and equipment and parts.
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Managers engage in activities that help the organization achieve its goals. These activities can be grouped under four principal management functions: planning, organizing, leading, and controlling. This activity is important because each management function requires different skills and presents distinct challenges for managers.
The goal of this activity is to challenge your knowledge of the four principal functions of management.
Read each example and select the management function that it best represents.
1. Sariyah sets challenging sales targets for her team.
(Click to select) Planning Organizing Leading Controlling
2. Lindsay determined the best structure and reporting hierarchy for her firm based upon the company's strategic goals.
(Click to select) Planning Organizing Leading Controlling
3. Atticus spends a sizable portion of his day helping to resolve disagreements between employees in his organization.
(Click to select) Planning Organizing Leading Controlling
4. Kellen is analyzing organizational data to determine why the firm is experiencing abnormally high employee turnover.
(Click to select) Planning Organizing Leading Controlling
The broad and general management principles serve as a framework for managerial behavior and decision-making (i.e. they guide the practice of management).
It is possible to extrapolate the definition of management principles from those of pure science. Management principles are not as firmly rooted as those of pure science. They should be used imaginatively given the demands of the function and the fact that they deal with human traits. The way people behave, how technology develops, and how businesses operate are never static. Thus, all of the principles must adjust to these modifications.
Below is answer to the challenge given in the question.
1. Sariyah assigns her staff difficult sales goals.
Planning
2. Lindsay used the company's strategic goals to identify the optimal organizational structure and reporting hierarchy for her business.
Organizing
3. Atticus devotes a significant portion of his day to mediating conflicts among his company's employees.
Leading
4. Kellen is investigating organizational data to learn why the company has an unusually high employee turnover rate.
Controlling
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given the descriptions below, which is (are) true regarding notes receivable? (check all that apply.)
Another name for a note receivable is a promissory note, Notes receivable is classified as an asset and It is the promise of another entity to pay a specific sum of money on a specified future date are true.
Any resource that a company or other economic organisation owns or controls is considered an asset in financial accounting. The definition of an asset is consequently anything that you own or owe. Anything that has the potential to provide positive economic value qualifies. The ownership value that may be turned into cash is represented by assets. In terms of personal assets, you may have a house, some land, money, stocks and bonds, jewellery, works of art, gold, silver, or a bank account. Automobiles, structures, machinery, equipment, money, and accounts receivable are just a few examples of the types of assets that businesses may have. Tangible and intangible assets are the two main categories into which assets can be divided. Current assets and fixed assets are just two of the many categories that make up tangible assets.
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runs a successful wholesale business that sells equipment to restaurants throughout the midwest. he is considering purchasing his own fleet of trucks to deliver the equipment instead of relying on a shipper as he is currently doing. this most closely represents a decision about
specifically in regards to how the business will handle the actual physical transit of items from the warehouse to the customer. The expenses, delivery times, and general effectiveness of the business could all be impacted by this choice.
Is therapy generally effective?
Both children and adults benefit from therapy, which can be provided in a variety of settings including individual, family, couple, or group settings. Once a week, 30- to 50-person sessions are generally held. Psychotherapy calls for active participation from the patient and the therapist. Working collaboratively and gaining therapeutic benefit from psychotherapy require a person's and his or her therapist's trust and relationship.
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FILL IN THE BLANK ___ are used to accumulate and report the effects of each different business activity separately rather than combining the various types of activities together.
There is a blank statement from the question so the correct is "accounts are used to accumulate and report the effects of each different business activity separately."
What is account report?Accounting reports are periodic financial statements that outline a company's financial situation at a certain moment in time or over a predetermined time period. The business activities and transactions are described. They are a collection of financial data derived from accounting records of a company. Financial statements that must be provided include the income statement, balance sheet, and statement of cash flows. These three statements can be used by traders as educational tools to assess a company's financial health and to quickly determine its underlying worth.
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Accounts are used to accumulate and report the effects of each different business activity separately rather than combining the various types of activities together.
In the term of business and financial economic, Business accounting generally can be defined as the systematic recording, analyzing, interpreting and presenting of financial information. Accounting is an important things in the business. Accounting has a function in the business that can be used as way a business keeps track of its operations. There are several types of account in the business, such as Real accounts, Personal accounts and also Nominal Accounts.
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2. compute gross profit on the sale of job 201. (use cells a4 to f30 from the given information to complete this question.) job 201 gross profit
Compute gross profit on the sale of job 201 or we could say Job 201 Gross Profit = $6,000.
What is Gross Profit?
Gross profit is a measure of a business’s financial performance and is calculated by subtracting the cost of goods sold (COGS) from total revenues.Gross profit is an important metric for businesses because it reflects the amount of money that the company retains after expenses related to the sale of goods and services have been paid.
Gross profit is used by businesses to measure efficiency, analyze pricing strategies, and track the overall health of the business.
The theory used in this question is basic arithmetic: subtraction. Subtraction is used to calculate the difference between two numbers (in this case, the Selling Price and the Total Cost) to find the Gross Profit.
The steps for this process are as follows:
Step 1: Go to the given information and locate the row for Job 201.
Step 2: In the row for Job 201, locate the cells for "Selling Price" (cell F30) and "Total Cost" (cell E30).
Step 3: Subtract the Total Cost from the Selling Price to calculate the Gross Profit:
Selling Price (F30) - Total Cost (E30) = Gross Profit
$10,000 - $4,000 = $6,000
Job 201 Gross Profit = $6,000
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Identify the sampling method that was used.
Three representatives from each employee type (faculty, staff, administrators) are chosen for a salary committee.
Cluster
Random
Stratified
Systematic
A sample method called stratified random sampling divides a population into strata, or more compact groupings.
What is meant by Stratified sampling method?Researchers divide participants into strata, or smaller groups, according to shared traits when using stratified sampling (e.g., race, gender, educational attainment). Each subgroup is then randomly picked using a different probability sampling technique.
A population is divided into strata, or smaller subgroups, as part of a sampling technique known as stratified random sampling. In stratified random sampling, also known as stratification, the strata are created based on shared traits or characteristics among members, such as wealth or level of education.
To make sure that certain subgroups are represented in the sample, researchers utilise stratified sampling. They are able to accurately determine the features of each group with its aid. To better understand differences between subpopulations, this technique is frequently used in surveys.
Therefore, the correct answer is option c) Stratified.
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Scheduler works 40 hours per week. Paychecks are for 2 weeks so 40x2= (Hint: This is NOT a dollar amount)
Answer:
80 Hours
Explanation:
If the scheduler works 40 hours per week, and paychecks are for 2 weeks, then the total number of hours worked in 2 weeks would be 40 hours per week x 2 weeks = 80 hours.
Which of the following best illustrates the tragedy of the commons?
A rogue wave capsizes a ferry on Lake Michigan, killing several dozen passengers.
A nonprofit organization does a winter clothing drive, and the first people to show up to get winter clothing grab far more than they need, leaving nothing for the families that show up a few minutes later.
A drought in Africa results in many deaths from starvation.
While landing at Midway Airport in Chicago, an airplane crashes through a barrier at the end of a runway and ends up plowing through a busy intersection, killing a young child in one of the vehicles.
A 10-year-old girl from your hometown dies of cancer.
A nonprofit organization does a winter clothing drive, and the first people to show up to get winter clothing grab far more than they need, leaving nothing for the families that show up a few minutes later.
A nonprofit organization does a winter clothing drive, and the first people to show up to get winter clothing grab far more than they need, leaving nothing for the families that show up a few minutes later.
Which of the following statements most accurately sums up the tragedy of the commons? Large-scale logging operations in tropical rain forests are not concerned with sustainability but rather with financial gain. Consequently, the shared resources in the forest can run out.The quantity of users who desire to consume the common in issue, the consumptiveness of their uses, and the relative resilience of the common are the three main determinants of the rate at which resource depletion occurs.Some significant "Tragedy of the Commons" concerns are hard for external government to address. Climate change and air pollution are two examples of this.To learn more about tragedy of the commons refer to:
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on december 30, 2004, solomon co. had a current ratio greater than 1:1 and a quick ratio less than 1:1. on december 31, 2004, all cash was used to reduce accounts payable. How did these cash payments affect the ratios?Your Answer:a. Decreased current ratio and increased quick ratio.b. Decreased current ratio and decreased quick ratio.c. Increased current ratio and decreased quick ratio.d. Increased current ratio and increased quick ratio.
The correct option is B, Decreased current ratio and increased quick ratio.The current and quick ratios are financial measures that assess company's liquidity and capacity to satisfy short-term obligations.
Solomon Co. had a current ratio larger than 1:1 and a quick ratio less than 1:1 on December 30, 2004.Indicating that it has enough current assets to pay its current liabilities but not enough liquid assets to do so.
On December 31, 2004, if all cash was utilised to reduce accounts payable, current assets and the current ratio would be reduced, but current liabilities and the quick ratio would be replaced. As a result, the cash payments would lower both the current and quick ratios.
However, it is important to remember that reducing accounts payable may be beneficial to a company's financial health since it improves the company's cash position and reduces the risk of debt default. Furthermore, it can help the firm meet its current obligations while also enhancing its trust with suppliers and lenders
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TRUE/FALSE. The entrepreneurs who create business enterprises are motivated primarily by the desire for personal wealth.
False the entrepreneurs who create business enterprises are motivated primarily by the desire for personal wealth.
It is the chase and the experience that matters most to successful entrepreneurs.Entrepreneurs are often motivated by a desire to be recognized as a world-leader in a specific field. Sense of Accomplishment.New entrepreneurs are motivated by the desire for fulfillment.They come into being because of the possibility of making and marketing some new product for the use of customers.In analyzing what ends up driving these entrepreneurs,researchers and observers 4 particularly strong motives: control,freedom, impact and wealth in alphabetical order.Some or all of these motivations may be important to you as an entrepreneur.Self-motivation is one of the underlying forces that distinguish successful entrepreneurs from those who stagger from one neglected startup to another.Self-motivation despises the role of luck,dismisses the component of self-discipline and looks to the power of goals for ultimate achievement in life.
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Please solve step-by-step
Based on the context of the question and the available option, the right answer to the question is that "The firm should buy more of Input 3, and less of Input 1 and 2.
What is Marginal Product?The marginal product is an economic term that is used to describe the additional output created as a result of additional input placed into the company. Generally, it is also referred to as marginal physical product or MPP.
In this case, however, input 3 which is valued at $20 produced 10 products, which means $5 produced 2.5 products. While the input 1 and 2 at $5 produced 2 products.
Hence, in this case, it is concluded that the correct answer is option C.
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the emphasis on producing the greatest good for the greatest number makes utilitarianism a . multiple choice moral imagination legal right social philosophy separation thesis
The emphasis on producing the greatest good for the greatest number makes utilitarianism a c) social philosophy.
Utilitarianism is a social philosophy that advocates for the production of the greatest good for the greatest number of people.
This moral system encourages individuals and organizations to focus on creating the most beneficial outcomes for the largest number of people, enabling them to lead better and more fulfilling lives.
Utilitarianism stands in contrast to other moral systems that prioritize individual interests or the interests of a smaller group of people.
By striving for the greatest good for the greatest number, utilitarianism can help create a more harmonious, equitable, and prosperous society.
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which of the following statements about buzz marketing is most accurate? which of the following statements about buzz marketing is most accurate? buzz marketing relies heavily on tv and print media buzz marketing is aimed at young, urban consumers buzz marketing relies on word-of-mouth recommendations buzz marketing depends upon the selling power of celebrity endorsers
The most accurate statement of buzz marketing relies on word-of-mouth recommendations.
Buzz marketing is a viral marketing strategy designed to maximize the potential for positive word-of-mouth promotion of a campaign or product. These tactics may encourage small-group talks among consumers' loved ones or larger-scale discussions on social media sites. Buzz marketing is a strategy used by businesses to improve sales and profits by getting customers to talk about their goods and services. By doing this, they expect to increase online traffic and raise consumer awareness.
An illustration of buzz marketing would be if a business promoted a product through a stunt or show where viewers could test it out and then talk about their experiences offline or online. Astroturfing is yet another name for buzz marketing.
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Tech solutions has contracted with a cell phone manufacturer to create a special chip to allow people to make banking transactions on their cell phones. They need to decide which production process is best suited for the chip. To help accomplish this, the firm has gathered the following production cost data Process Fixed costs Labord Unit Material Cost/Unit $20 Foundry 1 $1,500,000 $17 Foundry 2 $1.750,000 $20 $15 Old Fab $2,500,000 $14 $19 New Fab $4,000,000 $13 $19 Tech Solutions has contracted to sell 300,000 units. The selling price for the chip is $80 per unit. Based on the given demand, price, and cost data, which "Process" option is best? (In the answer field below, write the number that corresponds to your answer.) 1. Foundry 1 2. Foundry 2 3. Old Fab 4. New Fab For the option you selected in the previous question, what will be the annual gross profit? If demand were to increase, what would be the break-even point (in unit volume or demand) between the chosen process and the next process option? (Display your answer to the nearest whole number.)
The profit is highest for Old Fab. Therefore, it is the best and the correct option is C.
What is profit?A profit is an income that is given to the owner as a result of a successful market production process in accounting. The primary interest of the owner in the process of market production's income formation is profit, which is a metric of profitability. Many different profit metrics are frequently employed.
For there to be any income formation in the production of the market, income generation and distribution must always be in balance. The generated revenue is consistently distributed as economic value to the production's stakeholders during the review period. The profit is the amount of revenue generated that the owner is able to keep for themselves after distributing the revenue. Profit is one of the key components of economic well-being as it signifies earnings and chances to increase production.
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Complete question:
which of the following practices would be considered an ethical business choice that does more than the law requires?
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since any number of accidents could befall a ship during a trade run, many merchants invested in ____ companies, which limited the risk assumed by individual investors.
The concept here is Joint-stock. It is a business owned by its investors, with each investor owning a share of the company.
A joint-stock company is a company owned by its investors, and each investor owns shares in the company based on the amount invested. It is the predecessor of the modern corporation and other types of corporations registered in the United States.
Each shareholder owns the company's shares pro rata, which is evidenced by their shares. Shareholders can transfer their shares to others without affecting the continued existence of the company.
The purpose of a corporation is to raise capital. By selling equity interests, the company raises funds it could not otherwise get from its founders or businesses.
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crane purchases equipment by signing a note payable with the eq. dealer for $10,000. the accounts affected for Crane are
Accounts Payable is the term used to describe when a business makes a credit-based transaction that must be repaid quickly. It is considered a liability and falls under the category of "current obligations." Accounts Payable is a short-term debt payment that must be made in order to stay current.
What results from offering services to clients on account?By offering services on credit, a company can boost its revenue and accounts receivable, both of which raise stockholders' equity.
Equipment purchases are not recorded as a cost in a single year but rather over the course of the equipment's life. Equipment is a capital asset or a fixed asset in the accounting sense.
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