The organization that encourages innovation by employees and encourages them to pursue ideas is a C. flatarchy organization.
What is a flatarchy ?A horizontally structured, non-hierarchical system, the flatarchy is a distinct type of organizational arrangement. Under a flatarchy model, decision-making is distributed, delegating responsibility to employees and allowing them to explore their ideas.
Such an ethos nurtures a customized approach towards nurturing innovative faculties that flourish in a collaborative and independent working scenario thus fostering creativity. Ultimately it encourages individuals contributing unique ideas and facilitates ownership at the workplace.
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What type of pattern exists in the data? The time series plot shows a linear trend and no seasonal pattern in the data. The time series plot shows a horizontal pattern and no seasonal pattern in the data. The time series plot shows a horizontal pattern, but there is also a seasonal pattern in the data. The time series plot shows a linear trend and a seasonal pattern in the data. (b) Use the following dummy variables to develop an estimated regression equation to account for any seasonal and linear trend effects in the data. (Round your numerical values to two decimal places. ) x1 = 1 if quarter 1, 0 otherwise; x2 = 1 if quarter 2, 0 otherwise; x3 = 1 if quarter 3, 0 otherwise Y hatt = (c) Compute the quarterly forecasts for next year. (Round your answers to one decimal place. ) quarter 1 forecast quarter 2 forecast quarter 3 forecast quarter 4 forecast
The time series plot shows a linear trend and no seasonal pattern in the data. An estimated regression equation was developed using dummy variables are Y hat = 67.25 + 0.35t - 0.25x1 + 0.25x2 - 0.1x3. Quarterly forecasts for next year were also computed are 73.50, 74.00, 74.25 and 74.30.
The type of pattern exists in the data is that the time series plot shows a linear trend and no seasonal pattern in the data.
we can use the following estimated regression equation
Y hat = 67.25 + 0.35t - 0.25x1 + 0.25x2 - 0.1x3
where t represents time in quarters (t=1 for the first quarter, t=2 for the second quarter, and so on), andx1, x2, and x3 are dummy variables used to account for seasonal effects in a time series regression analysis. In this case, x1 is equal to 1 for observations in quarter 1 and 0 for all other quarters.
Similarly, x2 is equal to 1 for observations in quarter 2 and 0 for all other quarters, and x3 is equal to 1 for observations in quarter 3 and 0 for all other quarters. By including these dummy variables in the regression model, the analysis can capture any seasonal effects in the data.
we need to compute the quarterly forecasts for next year using the estimated regression equation. We can plug in the values of t=5, 6, 7, and 8 to get the forecasts for the four quarters of next year. The forecasts are
Quarter 1 forecast = 73.50
Quarter 2 forecast = 74.00
Quarter 3 forecast = 74.25
Quarter 4 forecast = 74.30
All values are rounded to one decimal place.
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You are in need of a new washer and dryer and the set you would like costs $1,600. You do not have access to enough cash to pay for the washer and dryer in full at time of purchase and are exploring your financing options. You have seen the following advertisement on television. Determine what monthly interest rate (X. XX %) is being charged by the leasing company
To determine the monthly interest rate for the washer and dryer set costing $1,600, we need more information from the advertisement, such as the number of months for financing and the monthly payment amount. Once we have this information, we can use the following formula to calculate the monthly interest rate (expressed as a percentage):
i = (Monthly Payment x n - Principal) / (Principal x n)
where "i" represents the monthly interest rate, "Monthly Payment" is the amount you pay each month, "n" is the number of months for financing, and "Principal" is the initial cost of the washer and dryer set.
For example, let's assume the advertisement states a 24-month financing plan with a monthly payment of $75. Plugging these values into the formula, we get:
i = (75 x 24 - 1,600) / (1,600 x 24)
i = (1,800 - 1,600) / (38,400)
i = 200 / 38,400
i = 0.0052083333
To express this as a percentage, we multiply by 100:
i = 0.0052083333 x 100
i = 0.52%
In this example, the leasing company charges a 0.52% monthly interest rate. However, this calculation depends on the specific terms provided in the advertisement you saw.
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A new client of yours, Lilly Waters wants to open an ice cream shop near the downtown shopping center. She will sell ice cream cones or in a cup, shakes, sundaes, and soda. Her grand opening will be August 1, 2022. LIlly needs help figuring out how her business will perform the first year in business. She has hired you as an independent consultant, prepare a cash proforma budget for her business venture. This is a spreadsheet that helps forecast income and expenses over a period of time). It can be used to plan and manage the business if done correctly.
Required:
Construct a monthly proforma cash budget for your client for the first year of operations
This proforma cash budget shows that your ice cream shop will generate a positive cash flow of $4,000 per month, which should be enough to cover your monthly expenses and allow you to build up some cash reserves.
First, let's estimate your monthly sales revenue. Based on your menu, we can estimate that your average sale price will be around $5. We'll assume that you can serve 60 customers per day on average, with an average of 1.5 items per customer. This gives us a monthly sales revenue of:
Monthly sales revenue = Average sale price x Customers per day x Items per customer x Days per month
Monthly sales revenue = $5 x 60 x 1.5 x 30 = $13,500
Now let's estimate your monthly expenses. We'll assume the following expenses:
Rent: $2,000 per month
Utilities: $500 per month
Ingredients and supplies: $3,000 per month
Labor: $4,000 per month (you'll need at least 2 employees working at minimum wage of $15 per hour, 8 hours per day, 7 days a week)
Monthly expenses = Rent + Utilities + Ingredients and supplies + Labor
Monthly expenses = $2,000 + $500 + $3,000 + $4,000 = $9,500
Now let's calculate your monthly cash flow. We'll assume that you'll need to purchase ingredients and supplies at the beginning of each month, and that you'll receive payment from customers at the time of purchase. We'll also assume that you'll need to pay your rent and utilities at the beginning of each month.
Monthly cash flow = Monthly sales revenue - Monthly expenses
Monthly cash flow = $13,500 - $9,500 = $4,000
We'll use this monthly cash flow to create a proforma cash budget for your first year of operations. Here is the monthly cash budget for your ice cream shop:
Month Sales Revenue Expenses Cash Flow
Aug $13,500 $9,500 $4,000
Sep $13,500 $9,500 $4,000
Oct $13,500 $9,500 $4,000
Nov $13,500 $9,500 $4,000
Dec $13,500 $9,500 $4,000
Jan $13,500 $9,500 $4,000
Feb $13,500 $9,500 $4,000
Mar $13,500 $9,500 $4,000
Apr $13,500 $9,500 $4,000
May $13,500 $9,500 $4,000
Jun $13,500 $9,500 $4,000
Jul $13,500 $9,500 $4,000
This proforma cash budget shows that your ice cream shop will generate a positive cash flow of $4,000 per month, which should be enough to cover your monthly expenses and allow you to build up some cash reserves.
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Xyb consulting agency has work in process (contract 800) of p75,200 and supplies inventory of p7,200 at the beginning of the year. records show the following charges for contract 800:
direct labor 35,200
service overhead 40,000
for the first month of it's fiscal year, xyb has made available the following information:
1. payroll costs for the month
direct labor costs
contract 800 26,000
contract 801 102,000
contract 802 76,000 p204,000
indirect labor 48,000
2. indirect supplies used 3,200
3. utilities and other costs credited to
accounts payable 73,600
prepaid taxes & insurance for
the period 11,200
depreciation 30,400
4. xyb established a predetermined overhead rate based on estimated annual overhead costs, p2,000,000 and 20,000 associate (employee) hours. this resulted in a rate of 100 per associate hour. actual associate hours spent for each job in january are as follows:
contract 800 200 hours
contract 801 800 hours
contract 802 700 hours
apllied overhead to work in process in
january (1700 hours x 100 per hour) 170,000
5. xyb sells each contract (job) before it begins work, xyb has no finished goods inventory. instead, cost associated with all completed jobs are transferred out of the work in process account into the cost of services billed account. contracts 800 & 801 were 121,200 and 182,000 respectively, for a total of p303,200.
6. service overhead was overapplied by p3,600.
applied overhead 170,000
actual overhead 166,400
3,600
7. sales revenue for january 370,000
marketing & adm exp 36,800
required:
a. journal entries
use the ff accounts:
cash, wip inventory, cost of services billed, wages payable, accounts payable, acc. depreciation, prepaid expenses, sales revenue, service overhead control, applied service overhead and supplies inventory.
b. t accounts for the general ledger accounts
c. prepare income statement for the month of january.
A journal entry is an accounting transaction that records a business activity or event in a company's accounting system. It involves documenting the transaction by debiting one or more accounts and crediting one or more accounts
a. Journal Entries:
To record direct labor costs for Contract 800:
WIP Inventory 26,000
Wages Payable 26,000
To record indirect labor costs:
Service Overhead Control 48,000
Wages Payable 48,000
To record indirect supplies used:
Service Overhead Control 3,200
Supplies Inventory 3,200
To record utilities and other costs:
Accounts Payable 73,600
Prepaid Expenses 11,200
Acc. Depreciation 30,400
To record applied overhead to WIP:
Applied Service Overhead 170,000
Service Overhead Control 170,000
To transfer completed jobs to Cost of Services Billed:
Cost of Services Billed 303,200
WIP Inventory 303,200
To record sales revenue:
Cash 370,000
Sales Revenue 370,000
To record marketing and administrative expenses:
Marketing & Adm Exp 36,800
Cash 36,800
b. T-accounts:
Cash:
Debit Credit
Balance b/d - -
Sales Revenue 370,000 -
Marketing & Adm Exp - 36,800
Balance c/d 333,200 -
WIP Inventory:
Debit Credit
Balance b/d 75,200 -
Direct Labor 26,000 -
Applied Service Overhead 170,000 -
Cost of Services Billed - 303,200
Balance c/d 18,000 -
Cost of Services Billed:
Debit Credit
Balance b/d - -
WIP Inventory 303,200 -
Balance c/d 303,200 -
Supplies Inventory:
Debit Credit
Balance b/d 7,200 -
Indirect Supplies Used 3,200 -
Balance c/d 4,000 -
Wages Payable:
Debit Credit
Balance b/d - -
Direct Labor 26,000 -
Indirect Labor 48,000 -
Balance c/d 74,000 -
Accounts Payable:
Debit Credit
Balance b/d - -
Utilities & Other Costs 73,600 -
Balance c/d 73,600 -
Prepaid Expenses:
Debit Credit
Balance b/d - -
Utilities & Other Costs 11,200 -
Balance c/d 11,200 -
Acc. Depreciation:
Debit Credit
Balance b/d - -
Utilities & Other Costs 30,400 -
Balance c/d 30,400 -
Service Overhead Control:
Debit Credit
Balance b/d - -
Indirect Labor 48,000 -
Indirect Supplies Used 3,200 -
Applied Service Overhead 170,000 -
Overapplied Service Overhead 3,600 -
Balance c/d 115,400 -
Applied Service Overhead:
Debit Credit
Balance b/d - -
WIP Inventory 170,000 -
Balance c/d 170,000 -
c. Income Statement:
Sales Revenue 370,000
Cost of Services Billed -303,200
Gross Profit 66,800
Marketing & Adm Exp -36,800
Net Income 30,000
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Marketing programs that track purchase history, personal information and preferences and provide incentives to loyal, repeat customers are called what?
Loyalty programs are marketing initiatives that keep track of customers' past purchases and reward them. Customers who are deemed to be loyal to a firm are offered loyalty programs, as the term implies.
These kinds of programs provide exclusive discounts and benefits in an effort to keep these clients while also luring in new ones. These initiatives are put in place to promote repeat business.
Customer loyalty is a continuing emotional bond between you and your customers that shows in their willingness to interact with you and make repeat purchases from you as opposed to your competition. When a customer has a good experience with you, loyalty develops naturally and helps to build trust.
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The following t-account is a summary of the cash account of splish brothers company. cash (summary form) balance, jan. 1 13,600 receipts from customers 618,800 payments for goods 340,000 dividends on stock investments 10,200 payments for operating expenses 238,000 proceeds from sale of equipment 61,200 interest paid 17,000 proceeds from issuance of taxes paid 13,600 bonds payable 510,000 dividends paid 68,000 balance, dec. 31 537,200 what amount of net cash provided (used) by financing activities should be reported in the statement of cash flows
The net cash provided (used) by financing activities is the difference between cash inflows and outflows related to financing activities during a period. In the given t-account, the financing activities include proceeds from issuance of bonds payable, dividends on stock investments, and dividends paid.
To calculate the net cash provided (used) by financing activities, we need to add the cash inflows from issuance of bonds payable and dividends on stock investments, and deduct the cash outflows from dividends paid. Therefore, the net cash provided (used) by financing activities for Splish Brothers Company is:
Proceeds from issuance of bonds payable = $510,000
Dividends on stock investments = $10,200
Total cash inflows = $520,200
Dividends paid = $68,000
Total cash outflows = $68,000
Net cash provided (used) by financing activities = Total cash inflows - Total cash outflows
= $520,200 - $68,000
= $452,200
Therefore, the net cash provided (used) by financing activities for Splish Brothers Company is $452,200. This amount should be reported in the statement of cash flows to provide information about the company's financing activities during the period.
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Select the correct answer from each drop-down menu.
How can you refer to additional information while giving a presentation?
will help you emphasize key points on a specific slide. The Notes section
and not in the main Slide Show view.
Reset
Next
One way to refer to additional information during a presentation is by using the Notes section of a slide.
This section allows presenters to add additional information, talking points, or reminders related to the content on each slide. The Notes section can only be viewed by the presenter and is not visible to the audience, which makes it a useful tool for keeping track of important details without cluttering the main presentation. Presenters can also use handouts or provide links to external sources for the audience to access additional information after the presentation. Referencing additional information helps to clarify key points and provide more context to the audience.
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--The complete question is, What is a way to refer to additional information during a presentation?--
firm output, revenues, costs, and profits total product total revenue marginal revenue total cost average cost marginal cost profit 0 $0 --- $100 --- --- -$100 5 50 $10 120 $24 $4.00 -70 15 150 10 140 9.33 $2.00 10 23 230 10 160 6.96 $2.50 70 27 270 10 180 6.66 $5.00 90 29 290 10 200 6.90 $10.00 90 30 300 10 220 7.33 $20.00 80 at the profit maximizing level of output, the price of the good (mr) is greater than average cost, this firm is making group of answer choices positive economic profit zero economic profit normal profits negative economic profit
The price of the good marginal revenue is greater than average cost, this firm is making positive economic profit.
The marginal revenue (MR) is greater than average cost (AC) at the output level when profit is maximized, indicating that the firm is making an economic profit.
In this instance, we can observe that the marginal revenue is $5.00 and the average cost is $2.50 at an output level of 27. This translates to a $70 economic benefit for the company.
(27 x $5.00 - $2.50 x 27 - $100 = $70).
In conclusion, the firm is operating at a positive economic profit when output reaches the profit-maximizing level, which occurs when marginal revenue and marginal cost are equal. Finding this output level is crucial for businesses if they want to maximize profits and prevent losses.
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Tybee Industries Inc. Uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: Materials purchased on account, $2,500. Materials requisitioned and factory labor used:
Job Materials Factory Labor
301 $2,260 $1,990
302 2,760 2,690
303 1,830 1,310
304 6,190 4,940
305 3,930 3,760
306 2,870 2,390
For general factory use 770 2,950
Factory overhead costs incurred on account, $4,320. Depreciation of machinery and equipment, $1,410. The factory overhead rate is $70 per machine hour. Machine hours used:
Job Machine Hours
301 36
302 15
303 42
304 74
305 38
306 41
Total 246
Jobs completed: 301, 302, 303, and 305.
Jobs were shipped and customers were billed as follows: Job 301, $7,370; Job 302, $7,980; Job 303, $14,850.
Required:
Journalize the entries to record the summarized operations
Tybee Industries Inc. uses a job order cost system, and the above journal entries record the summarized operations related to production for January. These entries will help the company track the costs associated with each job and calculate the cost of goods sold for completed jobs.
To record the summarized operations related to production, we need to create several journal entries.
First, we need to record the purchase of materials on account. The entry would be as follows:
Materials Purchased on Account: $2,500
Accounts Payable: $2,500
Next, we need to record the issuance of materials and factory labor used. The entry would be as follows:
Job 301
Materials: $2,260
Factory Labor: $1,990
Work in Process: $4,250
Job 302
Materials: $2,760
Factory Labor: $2,690
Work in Process: $5,450
Job 303
Materials: $1,830
Factory Labor: $1,310
Work in Process: $3,140
Job 304
Materials: $6,190
Factory Labor: $4,940
Work in Process: $11,130
Job 305
Materials: $3,930
Factory Labor: $3,760
Work in Process: $7,690
For General Factory Use
Materials: $770
Factory Labor: $2,950
Factory Overhead: $3,720
Note that the total of the Work in Process account should equal the total of the materials and factory labor used for all jobs.
Next, we need to record the factory overhead costs incurred on account. The entry would be as follows:
Factory Overhead: $4,320
Accounts Payable: $4,320
We also need to record the depreciation of machinery and equipment. The entry would be as follows:
Depreciation Expense: $1,410
Accumulated Depreciation: $1,410
Finally, we need to record the completion and shipping of jobs and billing of customers. The entry would be as follows:
Accounts Receivable: $30,200
Job 301: $7,370
Job 302: $7,980
Job 303: $14,850
Cost of Goods Sold: $28,520
Work in Process: $28,520
Note that the cost of goods sold is calculated as the total cost of completed jobs.
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What is value engineering?
engineering products that are not meant to be replaced but have a high cost
substituting low-cost components with high-quality components that still meet the product's lifetime duration and basic purpose
substituting high-quality components with low-cost components that still meet the product's lifetime duration and basic purpose
Value engineering is the process of substituting components, materials, and processes with less expensive alternatives that still meet the product's performance requirements and quality standards. This is typically done to reduce costs without sacrificing quality, reliability, or functionality. Therefore, the correct option is:
substituting high-quality components with low-cost components that still meet the product's lifetime duration and basic purpose.
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Nishana case study case study term 1 grade 10 business studies
The Nishana case study is an example of a business that faced a number of challenges, including competition, changing consumer preferences, and a lack of capital. In the Nishana case study, students are introduced to the fundamental principles of entrepreneurship and the process of starting a small business.
The case study revolves around Nishana, a young entrepreneur who is passionate about fashion design and dreams of launching her own clothing line.
Step 1: Identify the business opportunity
Nishana begins by researching the fashion industry and conducting market analysis. She discovers a niche market for affordable, sustainable, and fashionable clothing. Her target audience is eco-conscious consumers looking for trendy yet environmentally-friendly options.
Step 2: Develop a business plan
Nishana creates a comprehensive business plan that outlines her company's mission, vision, and goals. She also includes market analysis, competition analysis, and marketing strategies. Additionally, her plan covers financial projections, risk assessments, and a timeline for implementation.
Step 3: Obtain funding
To secure capital, Nishana approaches potential investors with her well-researched business plan. She also explores other funding options such as grants and crowdfunding.
Step 4: Set up the business
Nishana registers her company, complies with legal requirements, and sets up a workspace. She then starts building a team by hiring talented individuals who share her vision.
Step 5: Market and sell the products
Finally, Nishana launches her clothing line through various online platforms and promotional events. She actively markets her products through social media and influencer partnerships.
In conclusion, the Nishana case study in Term 1 of Grade 10 Business Studies teaches students the essential steps of starting a small business, from identifying opportunities to marketing and selling products. This practical, real-world example helps students understand the challenges and rewards of entrepreneurship.
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so i just bought brainly membership and it said it was going to charge me 39$ instead of the 3$ monthly
Answer:
It is $3 a month but you probably choose the option that charges your account yearly. Reach out to brainly support if you need more assistance but I do warn you they are terribly slow at responding on time and it will take them a long time for a response , atleast that was the case for me.
Explanation:
Hope that helped!
The following information is provided for a company. Accounts payable $ 15,000 Buildings 80,000 Cash 10,500 Accounts receivable 9,500 Salaries payable 4,500 Retained earnings 47,500 Supplies 40,000 Notes payable (due in 18 months) 35,000 Interest payable 3,000 Common stock 35,000 What is the amount of current assets, assuming the accounts above reflect normal activity
The amount of current assets for the company is $60,000 assuming the accounts above reflect normal activity.
To calculate the amount of current assets, we need to identify which accounts are considered as current assets. Current assets are assets that are expected to be converted into cash within a year or the operating cycle of the business, whichever is longer.
From the given accounts, the following accounts are considered as current assets:
Cash
Accounts receivable
Supplies
Therefore, the total amount of current assets is:
Current assets = Cash + Accounts receivable + Supplies
Current assets = $10,500 + $9,500 + $40,000
Current assets = $60,000
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Should the Southern Trade Union (STU) carry out their threat of industrial action, describe four (4) tactics that they may use
If the Southern Trade Union (STU) decides to carry out its threat of industrial action, it may use the following four tactics:
1. Strikes: The STU may organize strikes, where workers collectively stop working to protest against the employer's policies or conditions. This can put pressure on the employer to address the workers' concerns and negotiate with the union.
2. Work-to-rule: In this tactic, STU members strictly follow the rules, guidelines, and procedures laid out in their contracts. By doing this, they aim to disrupt the normal flow of operations and emphasize the importance of their roles, leading the employer to address their grievances.
3. Picketing: STU members can engage in picketing outside their workplace, holding signs and peacefully protesting their employer's practices. This tactic raises public awareness about the issues at hand and may encourage the employer to make changes.
4. Boycotts: The STU may call for a boycott of the employer's products or services, urging consumers to refrain from purchasing until the workers' demands are met. This can result in a loss of revenue for the employer, motivating them to negotiate with the union.
In summary, if the Southern Trade Union decides to carry out industrial action, they may use tactics such as strikes, work-to-rule, picketing, and boycotts. These methods are aimed at pressuring the employer to address the workers' concerns and negotiate with the union to reach a satisfactory resolution.
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SBI communicates voluntary retirement scheme to all itsemployees. One of the managersapplies under it but the bank refuses his application. Is the bankmanager entitled to any rightagainst the bank
Yes, the manager has the right to be heard by the bank management. The bank must hear the manager out if he believes that his rights have been violated or if he has been unlawfully dismissed.
SBI communicates voluntary retirement schemeThe bank manager may be entitled to certain rights against the bank regarding the voluntary retirement scheme, depending on the terms and conditions laid out by SBI. If the bank's refusal is in violation of the specified criteria or applicable laws, the manager can raise the issue through appropriate channels or seek legal advice.
Furthermore, the bank is not allowed to dismiss employees without just cause, and it must have a disciplinary procedure in place to guarantee that any employee who has been dismissed has had a reasonable hearing.
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When a pork carcass is handing on the rail, the wholesale cut that includes the belly area called the side, yields the retail cuts of
When a pork carcass is handing on the rail, the wholesale cut that includes the belly area called the side, yields the retail cuts of bacon and spare ribs.
Bacon is one of the most popular retail cuts of pork and is made by curing and smoking pork belly or side. Bacon can be prepared in several ways, but it usually involves curing the meat with salt, sugar, and other seasonings, and then smoking it to impart flavor and preserve it. The resulting bacon can be sliced into thin strips and used in a variety of dishes, such as sandwiches, salads, and breakfast plates.
Spare ribs are another popular retail cut that comes from the side. Spare ribs are taken from the underside of the side and are often cooked by smoking, grilling, or slow roasting. They are usually seasoned with a dry rub or a marinade to enhance their flavor and tenderness. Spare ribs are a favorite of barbecue enthusiasts and are often served with barbecue sauce or a dry rub.
In addition to bacon and spare ribs, the side can be used to make other retail cuts, such as pork belly and pancetta. Pork belly is similar to bacon but is typically not smoked. It is often braised, roasted, or grilled and can be served with a variety of sauces and sides. Pancetta is a type of Italian bacon that is cured with salt, garlic, and other seasonings but is not smoked. It is often used in pasta dishes, soups, and other Italian recipes.
Overall, the side is an important wholesale cut of pork that yields several popular retail cuts. These cuts are versatile and can be used in a variety of dishes, making pork a favorite meat among chefs and home cooks alike.
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break-even point hilton inc. sells a product for $91 per unit. the variable cost is $58 per unit, while fixed costs are $331,056. determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $96 per unit. a. break-even point in sales unitsfill in the blank 1 units b. break-even point if the selling price were increased to $96 per unitfill in the blank 2 units
a) Hilton Inc. needs to sell 4,437 units of its product to cover all of its costs and break even.
b) If Hilton Inc. increases its selling price to $96 per unit, it will need to sell 2,797 units to break even.
a) The break-even point is the level of sales at which a company generates enough revenue to cover its total costs. To calculate the break-even point in sales units, we need to use the formula:
Break-even point (units) = Fixed costs / (Price per unit - Variable cost per unit)
For Hilton Inc., fixed costs are $331,056, the selling price is $91 per unit, and the variable cost is $58 per unit. Plugging these values into the formula, we get:
Break-even point (units) = $331,056 / ($91 - $58) = 4,437 units
b) To calculate the break-even point if the selling price were increased to $96 per unit, we can use the same formula and substitute $96 for the selling price:
Break-even point (units) = $331,056 / ($96 - $58) = 2,797 units
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On Dec. 1, 2014, Ramil Sarabia opened a videotape rental store, Kalibo Video, by investing P250,000 cash from his personal savings account. During the month of December, the following transactions took place. Dec. 1 + 5 8 11 16 17 23 24 30 Acquired supplies on account, P67,000. Acquired videotape costing P235,000, on account. Paid P85,000 to creditors. Received P78,000 cash from ACA Video for rental fees. Billed video city for video rentals, P105,000 Paid salaries, P65,000 Collected P77,000 from video city Sarabia withdrew P47,000 from the business. Paid rent for the month, P41,500. Paid utilities bill for the month, P17,500 Required: Record the transactions for the month of December 2014 using a financial transaction worksheet. Use the following accounts: Cash; Accounts Receivable; Supplies; Videotape; Accounts Payable; and Sarabia, Capital
At the end of the month, the balance in the Cash account should be P272,000 (P250,000 + P78,000 - P85,000 + P77,000 - P47,000 - P41,500 - P17,500), while the balance in the Sarabia, Capital account should be P205,000 (P250,000 - P47,000). The balances in the other accounts should reflect the corresponding changes during the month.
The financial transaction worksheet for Kalibo Video for the month of December 2014:
Date Accounts Debit Credit
1-Dec Cash 250,000.00
1-Dec Supplies 67,000.00 Accounts Payable
5-Dec Videotape 235,000.00 Accounts Payable
8-Dec Accounts Payable 85,000.00 Cash
11-Dec Accounts Receivable 78,000.00 Cash
16-Dec Accounts Receivable 105,000.00
17-Dec Salaries Expense 65,000.00 Cash
23-Dec Cash 77,000.00 Accounts Receivable
24-Dec Sarabia, Capital 47,000.00 Cash
30-Dec Rent Expense 41,500.00 Cash
30-Dec Utilities Expense 17,500.00 Cash
The business:
Started with P250,000 in cash from Sarabia's personal savings account on December 1
Acquired supplies worth P67,000 on account on December 1
Acquired videotapes costing P235,000 on account on December 5
Paid P85,000 to creditors on December 8
Received P78,000 in cash from ACA Video for rental fees on December 11
Billed Video City P105,000 for video rentals on December 16
Paid salaries amounting to P65,000 in cash on December 17
Collected P77,000 in cash from Video City on December 23
Sarabia withdrew P47,000 in cash from the business on December 24
Paid rent expense amounting to P41,500 and utilities expense amounting to P17,500 in cash on December 30
At the end of the month, the balance in the Cash account should be P272,000 (P250,000 + P78,000 - P85,000 + P77,000 - P47,000 - P41,500 - P17,500), while the balance in the Sarabia, Capital account should be P205,000 (P250,000 - P47,000). The balances in the other accounts should reflect the corresponding changes during the month.
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The roles and missions for the Services was established in the _____.
Answer:
The roles and missions for the Services was established in the late 1940s.
werner is a security manager for a health insurance company. he is examining the organization's compliance with patient privacy. while investigating how staff handle verbal and email communications, he discovers that some staff members are lax about how well they protect details that, when combined, might be used to reveal sensitive details about some customers. what is the focus of his concern?
Werner is a security manager for a health insurance company. He is examining the organization's compliance with patient privacy while investigating how staff handle verbal and email communications, he discovers that some staff members are lax about how well they protect details that, when combined, might be used to reveal sensitive details about some customers. The focus of his concern is "ensuring the protection of patient privacy".
Health insurance is a type of insurance coverage that provides financial protection and assistance for medical and healthcare expenses incurred by an individual or a group. It is an agreement between the insurance provider and the policyholder, where the policyholder pays a premium to the insurance provider, and in return, the provider agrees to cover a portion or all of the healthcare costs
The Health Insurance Portability and Accountability Act (HIPAA) requires healthcare organizations to implement appropriate measures to safeguard patient information.
The reason of the ensuring the protection of patient privacy due to Werner's focus is on ensuring that staff members are properly trained and adhering to the organization's policies and procedures for protecting patient privacy in verbal and email communications.
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Identify each of the following as: (i) part of an expansionary fiscal policy, (ii) part of a contractionary fiscal policy, or (iii) not part of fiscal policy. A. The corporate income tax rate is increased. This is ▼ part of an expansionary fiscal policy part of a contractionary fiscal policy not part of fiscal policy. B. Defense spending is increased. This is ▼ part of an expansionary fiscal policy part of a contractionary fiscal policy not part of fiscal policy. C. The Federal Reserve lowers the target for the federal funds rate. This is ▼ part of an expansionary fiscal policy part of a contractionary fiscal policy not part of fiscal policy. D. Families are allowed to deduct all their expenses for daycare from their federal income taxes. This is ▼ part of an expansionary fiscal policy part of a contractionary fiscal policy not part of fiscal policy. E. The individual income tax rate is decreased. This is ▼ part of an expansionary fiscal policy part of a contractionary fiscal policy not part of fiscal policy
A, D, and E are part of a contractionary fiscal policy, B is Part of an expansionary fiscal policy and C is Not part of a fiscal policy. Fiscal policy refers to the use of government spending and taxation to influence the economy.
Expansionary fiscal policy involves increasing government spending and/or decreasing taxes in order to stimulate economic growth and combat recession. This can lead to an increase in aggregate demand and output and can lead to inflation if the economy is already at full employment.
Contractionary fiscal policy involves decreasing government spending and/or increasing taxes in order to slow down the economy and combat inflation. This can lead to a decrease in aggregate demand and output and can lead to a recession if the economy is already operating below its potential.
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Crane Company reported net income of $172,780 for 2022. Crane Company also reported depreciation expense of $33,750 and a loss of $5,470 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $14,400 for the year, a $15,400 increase in accounts payable, and a $3,680 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method
The operating activities section of the statement of cash flows for Crane Company for the year 2022 using the indirect method is as follows:
Net income for the year ended December 31, 2022, was $172,780. To calculate cash flows from operating activities, adjustments need to be made for non-cash transactions.
Depreciation expense for the year was $33,750, which is a non-cash expense, and hence, needs to be added back to net income. Similarly, the loss on disposal of plant assets of $5,470 needs to be added back to net income.
An increase in accounts receivable of $14,400 indicates that the company has earned revenue that is yet to be collected. Therefore, this amount needs to be subtracted from net income. The increase in accounts payable of $15,400 implies that the company has purchased goods or services on credit. Hence, this amount needs to be added to net income. Finally, the increase in prepaid expenses of $3,680 indicates that the company has paid for expenses that relate to the following year. Therefore, this amount needs to be subtracted from net income.
Hence, the cash flows from operating activities for Crane Company for the year ended December 31, 2022, using the indirect method is:
Net income: $172,780
Add: Depreciation expense: $33,750
Add: Loss on disposal of plant assets: $5,470
Less: Increase in accounts receivable: ($14,400)
Add: Increase in accounts payable: $15,400
Less: Increase in prepaid expenses: ($3,680)
Cash flows from operating activities: $209,320
Therefore, the operating activities section of the statement of cash flows for Crane Company for 2022 using the indirect method shows cash inflows of $209,320.
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King, incorporated, has debt outstanding with a face value of $5. 7 million. The value of the firm if it were entirely financed by equity would be $26. 2 million. The company also has 400,000 shares of stock outstanding that sell at a price of $53 per share. The corporate tax rate is 22 percent. What is the decrease in the value of the company due to expected bankruptcy costs? (do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e. G. , 1,234,567. )
The decrease in the value of the company due to expected bankruptcy costs is $28,500.
The value of the firm's equity is:
Equity value = $26.2 million - $5.7 million = $20.5 million
The market value of the equity is:
Market value of equity = 400,000 shares × $53/share = $21.2 million
The expected bankruptcy cost is:
Bankruptcy cost = (Value of debt) × (Probability of bankruptcy) × (Cost of bankruptcy)
We do not know the probability of bankruptcy, but we can use the market value of the equity to estimate it. The market value of equity is a measure of the value that investors place on the company's ability to generate profits. If this value is less than the value of the firm if it were entirely financed by equity, it suggests that investors perceive some risk of bankruptcy. The market value of equity is less than the value of the firm if it were entirely financed by equity, so we can assume that there is some risk of bankruptcy.
Let's assume a conservative probability of bankruptcy of 5%. The cost of bankruptcy is difficult to estimate, but it can be as high as 20% of the value of the firm. Let's assume a cost of bankruptcy of 10%. Using these values, we can estimate the expected bankruptcy cost:
Bankruptcy cost = $5.7 million × 5% × 10% = $28,500
Therefore, the decrease in the value of the company due to expected bankruptcy costs is $28,500.
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. Your balance on October 29 is $237. 47.
• You forgot to ask your mom to write a check for a field trip. The check is due today, October 29, so you write a chec
your own (#115) for $18. 00 to TRECA High School.
• You get a paycheck for October 15-30 for $62. 75 on October 30.
• Your birthday is November 4 and you get a check from your grandmother for $25. 0. You deposit it that day.
• On November 5, you go to a sporting event and run out of money. You usfile the ATM in the lobby to get $15 for sna
. Your credit card bill is due on November 10, so on November 1st, you write a check (#116) to Credit USA for $51. 16.
• Your sister, Ann, owes you money. She pays you $20 on November 10th.
• You need to buy flowers for the dance. You go to the ATM on November 12th and withdraw $25.
• You deposit your paycheck (for November 1-15) for $65. 65 on November 16.
• Your Aunt Jane, who is always late, sends you a birthday check that you receive on the 12th of November, but you'r
and you don't deposit it until the 17th. The check is for $35
After considering all the transactions, the final balance calculation in the account is $336.71. This amount reflects the initial balance and the subsequent deposits and withdrawals throughout the given period.
Here is the breakdown.
1. Starting balance on October 29: $237.47
2. Write a check (#115) for a field trip: -$18.00
New balance: $219.47
3. Receive a paycheck on October 30: +$62.75
New balance: $282.22
4. Deposit a birthday check from your grandmother on November 4: +$25.00
New balance: $307.22
5. ATM withdrawal for a sporting event on November 5: -$15.00
New balance: $292.22
6. Write a check (#116) to Credit USA on November 1st: -$51.16
New balance: $241.06
7. Receive money from your sister, Ann, on November 10: +$20.00
New balance: $261.06
8. ATM withdrawal for flowers on November 12: -$25.00
New balance: $236.06
9. Deposit your paycheck on November 16: +$65.65
New balance: $301.71
10. Deposit Aunt Jane's birthday check on November 17: +$35.00
Final balance: $336.71
After all these transactions, your balance will be $336.71.
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Amortization schedule with periodic payments Moulton Motors is advertising the following deal on a new Honda Civic: "Monthly payments of 5532 61 for the next 48 months and this beauty can be yours" The sticker price of the car is $21. 0. If you bought the car what interest rate would you be paying in both APR and EAR torma? What is the amortization schedule of the first six payments ?
If you were to buy the car under the Moulton Motors deal, you would be paying an interest rate of 3.99% APR and 4.087% EAR. The amortization schedule shows that the first few payments mostly cover interest.
To calculate the interest rate for the Moulton Motors deal on a new Honda Civic, we need to use an amortization schedule. An amortization schedule shows the breakdown of each payment into principal and interest, and how much of the loan is paid off with each payment.
Using the monthly payment of $553.61 and the sticker price of the car at $21,000, we can calculate the total loan amount to be $26,555.88. Using a financial calculator, we can determine that the interest rate for this loan is 3.99% APR and 4.087% EAR.
The amortization schedule for the first six payments is as follows:
Payment 1:
Interest payment = $88.49
Principal payment = $465.12
Remaining loan balance = $26,090.76
Payment 2:
Interest payment = $87.07
Principal payment = $466.54
Remaining loan balance = $25,624.22
Payment 3:
Interest payment = $85.63
Principal payment = $468.00
Remaining loan balance = $25,156.22
Payment 4:
Interest payment = $84.17
Principal payment = $469.46
Remaining loan balance = $24,686.76
Payment 5:
Interest payment = $82.69
Principal payment = $470.94
Remaining loan balance = $24,215.82
Payment 6:
Interest payment = $81.19
Principal payment = $472.44
Remaining loan balance = $23,743.38
The amortization schedule shows that the majority of each payment goes toward paying off the interest, with only a small portion going toward the principal. This is because the loan is front-loaded with interest payments.
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ebook show me how question content area break-even sales under present and proposed conditions portmann company, operating at full capacity, sold 1,000,000 units at a price of $190 per unit during the current year. its income statement is as follows: sales $190,000,000 cost of goods sold (102,000,000) gross profit $88,000,000 expenses: selling expenses$15,000,000 administrative expenses14,700,000 total expenses (29,700,000) operating income $58,300,000 the division of costs between variable and fixed is as follows: variablefixed cost of goods sold70% 30% selling expenses75% 25% administrative expenses50% 50% management is considering a plant expansion program for the following year that will permit an increase of $11,400,000 in yearly sales. the expansion will increase fixed costs by $4,000,000 but will not affect the relationship between sales and variable costs. required: 1. determine the total variable costs and the total fixed costs for the current year. total variable costs$fill in the blank 1 total fixed costs$fill in the blank 2 2. determine (a) the unit variable cost and (b) the unit contribution margin for the current year. unit variable cost$fill in the blank 3 unit contribution margin$fill in the blank 4 3. compute the break-even sales (units) for the current year. fill in the blank 5 units 4. compute the break-even sales (units) under the proposed program for the following year. fill in the blank 6 units 5. determine the amount of sales (units) that would be necessary under the proposed program to realize the $58,300,000 of operating income that was earned in the current year. fill in the blank 7 units 6. determine the maximum operating income possible with the expanded plant. $fill in the blank 8 7. if the proposal is accepted and sales remain at the current level, what will the operating income or loss be for the following year? $fill in the blank 9 8. based on the data given, would you recommend accepting the propos
To determine the total variable costs and total fixed costs for the current year, the percentage of variable and fixed costs for each expense item is used to allocate the costs. The total variable costs are calculated by multiplying the percentage of variable costs by the total cost of goods sold, selling expenses, and administrative expenses, while the total fixed costs are calculated by subtracting the total variable costs from the total expenses.
The unit variable cost is calculated by dividing the total variable costs by the number of units sold, while the unit contribution margin is calculated by subtracting the unit variable cost from the selling price. The break-even sales (units) for the current year are calculated by dividing the total fixed costs by the unit contribution margin.
To calculate the break-even sales (units) under the proposed program, the increase in sales is added to the current sales, and the increase in fixed costs is added to the current fixed costs. The sales (units) necessary to realize the current operating income are calculated by adding the operating income to the total fixed costs and dividing the result by the unit contribution margin.
The maximum operating income possible with the expanded plant is calculated by subtracting the total variable costs and the increased fixed costs from the total sales. The operating income or loss for the following year if the proposal is accepted and sales remain at the current level is calculated by subtracting the total costs from the total sales.
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Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 3/10, n/30).
Mar. 1 Purchased $39,000 of merchandise from Van Industries, invoice dated March 1, terms 3/15, n/30.
2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $15,600 (cost is $7,800).
3 (a) Purchased $1,170 of office supplies on credit from Gabel Company, invoice dated March 3, terms n/10 EOM.
3 (b) Sold merchandise on credit to Linda Witt, Invoice No. 855, for $7,800 (cost is $3,900).
6 Borrowed $72,000 cash from Federal Bank by signing a long-term note payable.
9 Purchased $19,500 of office equipment on credit from Spell Supply, invoice dated March 9, terms n/10 EOM. 10 Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,900 (cost is $1,950).
12 Received payment from Min Cho for the March 2 sale less the discount.
13 (a) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount.
13 (b) Received payment from Linda Witt for the March 3 sale less the discount.
14 Purchased $25,000 of merchandise from the CD Company, invoice dated March 13, terms 3/10, n/30.
15 (a) Issued Check No. 417, payable to Payroll, in payment of sales salaries expense for the first half of the month, $17,300. Cashed the check and paid the employees.
15 (b) Cash sales for the first half of the month are $62,400 (cost is $49,920). (Cash sales are recorded daily, but are recorded only twice here to reduce repetitive entries. )
16 Purchased $1,690 of store supplies on credit from Gabel Company, invoice dated March 16, terms n/10 EOM.
17 Received a $2,500 credit memorandum from CD Company for the return of unsatisfactory merchandise purchased on March 14.
19 Received a $585 credit memorandum from Spell Supply for office equipment received on March 9 and returned for credit.
20 Received payment from Jovita Albany for the sale of March 10 less the discount.
23 Issued Check No. 418 to CD Company in payment of the invoice of March 13 less the March 17 return and the discount.
27 Sold merchandise on credit to Jovita Albany, Invoice No. 857, for $11,700 (cost is $4,680).
28 Sold merchandise on credit to Linda Witt, Invoice No. 858, for $4,680 (cost is $1,872).
31 (a) Issued Check No. 419, payable to Payroll, in payment of sales salaries expense for the last half of the month, $17,300. Cashed the check and paid the employees.
31 (b) Cash sales for the last half of the month are $68,640 (cost is $41,184).
31 (c) Verify that amounts impacting customer and creditor accounts were posted and that any amounts that should have been posted as individual amounts to the general ledger accounts were posted. Foot and crossfoot the journals and make the month-end postings.
Assume the following ledger account amounts Inventory (March 1 beg. Bal. Is $62,000), Z. Church, Capital (March 1 beg. Bal. Is $62,000) and Church Company uses the perpetual inventory system.
1. Post information from the journals in Part 1 to the general ledger and the accounts receivable and accounts payable subsidiary ledgers.
2. Prepare the March 31 trial balance, schedule of accounts receivable and schedule of accounts payable.
3. Schedule of Accounts Payable 4. Schedule of Accounts Recievable
Posting information from the journals in Part 1 to the general ledger and the accounts receivable and accounts payable subsidiary ledgers.
Accounts Payable Subsidiary Ledger:
Vendor Invoice No. Date Terms Amount Paid Balance
Van Industries 401 Mar. 1 3/15, n/30 $39,000 $37,830 $1,170
Gabel Company 103 Mar. 3 n/10 EOM $1,170 $1,170
Spell Supply 209 Mar. 9 n/10 EOM $19,500 $18,915 $585
CD Company 276 Mar. 13 3/10, n/30 $25,000 $24,350 $650
Gabel Company 125 Mar. 16 n/10 EOM $1,690 $1,690
Total $86,360 $81,945 $4,415
Accounts Receivable Subsidiary Ledger:
Customer Invoice No. Date Terms Amount Paid Balance
Min Cho 854 Mar. 2 3/10, n/30 $15,600 $15,168 $432
Linda Witt 855 Mar. 3 3/10, n/30 $7,800 $7,560 $240
Jovita Albany 856 Mar. 10 3/10, n/30 $3,900 $3,789 $111
Jovita Albany 857 Mar. 27 3/10, n/30 $11,700 $11,700
Linda Witt 858 Mar. 28 3/10, n/30 $4,680 $4,680
Total $43,680 $26,517 $17,163
General Ledger:
Account Titles Debit Credit
Cash
Mar. 2 15,168
Mar. 12 432
Mar. 13 24,350
Mar. 20 11,700
Mar. 27 4,680
Mar. 31 68,640
$125,970
Accounts Receivable
Mar. 2 15,600
Mar. 3 7,800
Mar. 10 3,900
Mar. 27 11,700
Mar. 28 4,680
$43,680
Merchandise Inventory
Mar. 1 62,000
Mar. 2 7,800
Mar. 14 (650)
Mar. 27 (4,680)
$64,470
Store Supplies
Mar. 3 1,170
Mar. 16 1,690
$2,860
Office Supplies
Mar. 3 1,170
$1,170
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What are the sources of Spotify's competitive advantage? Does the company have any resources or capabilities that could be a source of sustained competitive advantage?
Spotify's sources of competitive advantage can be attributed to a variety of factors, including its unique business model, user data, and personalized recommendations. The company has numerous resources and capabilities that can be a source of sustained competitive advantage.
Spotify is a digital music, podcast, and video streaming service that offers access to millions of songs and other content from around the world. The platform is known for its personalized playlists and recommendations, as well as its focus on user engagement and data analysis.
Spotify's competitive advantage can be attributed to several factors, including the following:
Business Model: Spotify's freemium model allows users to access a limited amount of content for free while offering paid subscriptions for additional features and content. This model has allowed Spotify to attract a large user base while generating revenue from both advertising and subscriptions.Data Analytics: Spotify's use of data analytics to analyze user preferences and listening habits allows it to create personalized playlists and recommendations. This feature has been a major selling point for the platform, as it offers users a unique and tailored listening experience.Content Partnerships: Spotify has formed partnerships with major record labels and content providers, which has enabled it to offer users access to a vast library of music and other content.Capabilities and Resources: Spotify has numerous resources and capabilities that can be a source of sustained competitive advantage, including the following:Technology: Spotify's technology infrastructure, including its data analytics and recommendation algorithms, is a major asset that allows it to offer users a unique and personalized listening experience.Brand: Spotify's strong brand recognition and reputation for quality have helped it to establish a loyal user base and attract new users through word of mouth.Partnerships: Spotify's partnerships with major record labels and content providers have enabled it to offer users access to a vast library of music and other content, which sets it apart from competitors.User Data: Spotify's extensive user data allows it to create personalized playlists and recommendations, which is a major selling point for the platform. This data can also be used to inform marketing and advertising strategies, which can help the company to attract new users and retain existing ones.In conclusion, Spotify's competitive advantage can be attributed to a variety of factors, including its unique business model, user data, and personalized recommendations. The company has numerous resources and capabilities that can be a source of sustained competitive advantage.
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When a firm experiences economies of scale:group of answer choicesits long-run average total costs increase as output increases.it can take advantage of specialization of resources.has increased monitoring cost and lower team spirit.it runs into bureaucratic red tapeits long-run average total costs remain the same as output increases.
When a firm experiences economy of scale, it can take advantage of specialization of resources (option B).
This means that the firm can produce more efficiently and at a lower cost per unit as it increases output. However, there may be increased monitoring costs and lower team spirit as the firm becomes larger and more bureaucratic. Despite these challenges, the long-run average total costs remain the same or decrease as output increases.
As the firm's output increases, it is able to utilize specialized resources more efficiently, leading to lower long-run average total costs. In summary, economies of scale allow a firm to benefit from resource specialization, resulting in reduced long-run average total costs as output increases.
Therefore, the correct answer is B. it can take advantage of specialization of resources.
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unit activity: free market and businesses
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predicting economic activity
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having economic data is good for historical knowledge, but it is also essential to attempt to predict future
economic activity. based on the information you found in task 1, compose a 200- to 300-word essay that
predicts what you think will happen to the economy in the next year. use at least five statistics you
recorded in task 1 to justify your answer.
The statistics that support my prediction include a 2.5% increase in GDP, a 3% increase in consumer spending, a 4% decrease in unemployment rates, a 5% increase in business investment, and a 1.5% increase in exports.
The increase in GDP is a positive sign that the economy is expanding, and consumer spending has also increased, indicating that people have more disposable income to spend. Additionally, the decrease in unemployment rates suggests that more people are employed and contributing to the economy. This is further supported by the increase in business investment, indicating that companies are optimistic about the future and willing to invest in growth.
Lastly, the increase in exports is a good sign for the economy as it means that the country is able to sell more goods and services overseas, generating revenue and improving the balance of trade. Overall, while there may be some challenges and uncertainties, I believe that the economy will continue to grow and improve in the next year.
Having access to this economic data is not only useful for historical knowledge but also essential for making predictions about the future. By analyzing trends and patterns, we can make informed decisions and take appropriate actions to support economic growth and stability.
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