Answer:
b) $2,350
Explanation:
The computation of the cost of goods sold under the LIFO method is shown below:
Since there is 60 unit sold
So,
= Number of units purchase × price per unit + opening inventory remaining units × price per unit
= 50 units × $40 + 10 units × $35
= $2,000 + $350
= $2,350
hence, the cost of goods sold under the LIFO method is $2,350
Therefore the correct option is b) $2,350
Journalize the following transactions for Ramirez Company using the gross method of accounting for sales discounts. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction.
May 9 Sold goods costing $6,000 to Bailey Company on account, $10,000, terms 5/10, n/30.
May 15 Bailey Company was granted an allowance of $800 for returned merchandise that was previously purchased on account. The returned goods are in perfect condition.
May 20 Received the amount due from Bailey Company.
Debit Accounts Receivable and credit Sales by 10,000. Debit Cost of goods sold and credit Inventory by 6,000. Debit Sales returns and credit allowance and credit Accounts receivable by 800. Debit Inventory and credit Cost of goods sold by 480. Debit cash and credit Accounts receivable by 9,200.
Date Account title Debit Credit
May 9 Accounts Receivable 10,000
To Sales 10,000
May 9 Cost of goods sold 6,000
To Inventory 6,000
May 15 Sales returns and allowance 800
To Accounts receivable 800
May 15 Inventory 480
To Cost of goods sold 480
May 20 Cash 9,200
To Accounts receivable 9,200
Working note:
Since the payment was made after 10 days, hence no discount will be allowed.
Cost of goods sold = $6,000
Sales = $10,000
The ratio of Cost of goods sold to sales = 6,000/10,000
= 60%
Sales returns = $800
Hence, cost of goods returned = 800 x 60%
= $480
The final amount due = Sales - sales returns
= 10,000 - 800
= $9,200
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Explain how marketing information is used in sports and entertainment marketing
The use of sporting and sports-related events to advertise a company, brand, or product is known as sports marketing. Using this strategy, marketers can use sports' appeal and popularity to draw attention to their company or product. The marketing and promotion of live sporting events is also included in the category of sports and entertainment marketing.
How is marketing used in the entertainment industry?Popular entertainment marketing techniques include product placement, strategic brand alliances, and celebrity endorsements. These strategies are used in pop cultural events and aid in their spread in our society.
Marketing that focuses on both the promotion of sports, events, games, music, and films as well as the advertising of other products and services through sport and entertainment is known as "sport & entertainment marketing." You will be actively working on actual business cases that have been given to you by the sector.
We'll talk about entertainment marketing in two different approaches. First, entertainment will be considered a product that needs to be sold. Second, the role of entertainment in marketing to draw attention to other products will be addressed.
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Suppose there are four firms that are each willing to sell one unit of a good. Each firm has a different minimum price that they are willing to sell for: firm w $6, firm x $7, firm y $10, and firm z $12. If the market price is $9 then the market supply for this good will be.
The market supply for this good will be 2.
What will be the market supply?Firms would sell their goods or services as long as the market price is greater or equal to the minimum price they are willing to sell their goods or service.
Thus, Firms w and x would supply their goods because their minimum prices are $6 and $7 respectively. On the other hand, firms Y and Z would not supply their goods because their minimum prices is greater than the market price.
This means that the market supply for the good would be 2.
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Hawley Enterprises has total assets of $387 million and total liabilities of $115 million. What is their debt to assets ratio
Answer:
The debt to asset ratio would be 29.7%
Explanation:
The debt to asset ratio is the total liabilities divided by total assets so, 115/387= 0.2971 or 29.71%
An investor has $40,000 available. He plans to invest in three types of funds. Fund A has a projected 8% annual return rate, Fund B has a projected 10% annual return rate, and Fund C has a 9% annual return rate. He has decided to invest no more than 30 percent of the total amount in Fund B and no more than 40 percent of the total amount in Fund C. He runs a linear optimization analysis with the goal of maximizing the annual return. He finds that the maximum return is $3,600 according to the available money and all constraints.
According to optimization reports, the investor should allocate $16,000 to buy Fund C. The status of the investment in Fund C shows “Binding”, and the shadow price for the investment in Fund C is 0.01. Which statement is correct?
Since the shadow price is 0.01 according to the given information, the slack value of the investment in Fund C should be 0.01, means that the slack value for a binding constraint is equal to the shadow price. Thus, option B is correct.
What is the slack value?A “slack value” is a positive definite variable used to express functions with discontinuous derivatives in the format needed by typical optimization tools. The maximum value function, for example, may be expressed by substituting one variable with two.
The phrase “slack” refers to constraints that are less than or equal to zero, whereas the term “surplus” refers to constraints that are larger than or equal to zero.
According to the information provided, the shadow price is 0.01; thus, the slack value of the investment in Fund C should be 0.01, implying that the slack value for a binding constraint is equal to the shadow price.
Therefore, option B is correct.
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The options in the given case are:
Since the shadow price is 0.01, the investor can buy fund C for $0.01 per share.Since the shadow price is 0.01, the slack value of the investment in fund C should be 0.01.According to the reported shadow price, if the investor increases $1 investment in Fund C, he can only get increase the annual return by $0.01D) Since the status is “Binding”, the shadow price of Fund C is too expensiveWhat is collaborative business relationship
Answer:
developing long lasting, trusting relationships with your business partners by taking a strategic collaborative approach, so that you are able to jointly create new and sustainable value.
Explanation:
THATS IS MY ANSWER
What are the four segments in a PEST analysis?
Explain the shift from artisan to factory worker, and discuss the factory system. What were the advantages and disadvantages
Answer:
The Shift from Artisan to Factory Worker and the Factory System
a) The Shift from Artisan to Factory Worker: Earlier, people produced everything they needed by their own hands. Food production was limited to subsistence level as every household owned farms on which they cultivated the food the family required. The artisan worked alone to handcraft tools and other ornamental works.
But, all this changed with the invention of the steam engine. Following the improved systems of transportation with steamboats, travelling was enhanced. Gradually, production processes were mechanized. Factories started springing up in concentrated areas near water channels. People left their rural areas to live near the factories in towns and cities. With the birth of the factory system, goods were mass-produced and could be sold in markets farther from the factory towns.
It was the age of industrialization, trade unionization, assembly line production, scientific management, and now complete automation of processes with robots replacing manual labor. It has been a long way.
b) Advantages of the Factory System:
Hunger was reduced as more food items were produced and processed into finer products on a large scale.Exports of goods were encouraged and more markets outside the domestic markets were explored.The world became a global village with the pursuit of the common good of man, thereby levelling human beings to a common humanity and experience.More sophisticated goods and equipment can now be produced as a result of the factory system. Manual labor has been eased greatly.The factory system introduced scientific management, which has ensured production innovations and encouraged skills development.c) Disadvantages of the Factory System:
The artisan was rendered jobless by the factory system as some of the tools and goods which only the artisan could produced was commonalized to the extent that unskilled laborers could produce them, just by each concentrating on a part through the principle of division of labor.The factory system created urbanization with its attendant problems, especially sanitation problems and pollution of the environment. People's health has been jeopardized as a result.The factory system also created the consumerism culture.It widened wealth-inequality as wealth creation became concentrated in the hands of a few people.Explanation:
The factory system encourages a method of manufacturing through the use of machines, automation, and division of labour. It gave rise to urbanization, transportation efficiency, and globalization.
Mindy is acknowledging the team members for their contribution to the project and making sure all contracts have been paid. She is in the _____.
project-execution phase
project-closure phase
project-planning phase
project-initiation phase
project-initation phase
Answer:
project-closure phase
Identify the advantages and disadvantages of each entry mode.
1. Tight control
2. Cost avoidance
3. Lower costs lost
4. Most costly method
5. Little future
6. Revenue
7. Lost economies
8. Access to local
9. Expertise
10. Profit from
11. Processes
12. Low capital
13. Requirement
14. Battles for control
a. Entry Mode
b. Exporting
c. Turnkey Project
d. Licensing
e. Joint Venture
f. Wholly-Owned
g. Subsidiary
Answer:
Exporting
Advantage
Cost avoidance
Disadvantage
Lower Costs Loss.
With Exporting, one can get into a country with lower costs because they will not have to set up. However they stand to have the disadvantage of losing lower costs.
Turnkey Project
Advantage
Profit from Processes
Disadvantage
Little Future Revenue
Turnkey projects involve building a facility for another company and then fully equipping it. When it is ready you hand it over. You stand to make profits from the process of building but because the facility is given to the purchaser, there is little chance for future revenue.
Licensing
Advantage
Low capital Requirement
Disadvantage
Lost Economies
With Licensing, one does not have to spend a lot to get into a country as other companies just use your license. You however stand the risk of losing your control in the country.
Joint Venture
Advantage
Access to Local Expertise
Disadvantage
Battles for Control
With Joint Venture, an International firm will have access to the expertise of its partners who are locals and know how things are done. However, because the locals know how things are done and are in their country, there might be battles between the partners about who should dominate.
Wholly-Owned Subsidiary
Advantage
Tight Control
Disadvantage
Most Costly Method
With a wholly-owned Subsidiary, an international company will have complete control over the affairs of the business and not have to battle for it with anyone. The drawback however is the cost it will take to set up. Large amounts will always have to be spent on starting a fresh company in a different country.
Determine the total expenses based on the following data
assets 72,000
owner's equity 70,000
revenues 20,000
liabilities 16,000
From the given data, it appears that the expenses result in a negative value of $-14,000. This indicates a deficit, which suggests that the company's liabilities and owner's equity exceed its assets.
To determine the total expenses based on the given data, we need to use the accounting equation: Assets = Liabilities + Owner's Equity. In this case, we are given the values of assets, owner's equity, and liabilities.
Assets = $72,000
Owner's Equity = $70,000
Liabilities = $16,000
Using the accounting equation, we can calculate the total expenses by rearranging the equation:
Expenses = Assets - Liabilities - Owner's Equity
Expenses = $72,000 - $16,000 - $70,000
Expenses = $-14,000
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Given below are some instructions on how to make a sandwich
A sandwich is a common and popular food that is easy to prepare and eat. It consists of two slices of bread with various fillings, such as vegetables, cheese, or meat, in between them.
Here are the instructions for making a sandwich in the passive voice:
a) Two slices of soft bread should be taken.
b) The crust should be trimmed.
c) Butter should be applied evenly on them.
d) The filling (cucumber or tomato slices, grated cheese, etc.) should be prepared.
e) The filling should be placed on one of the slices and covered with the other.
f) It should be pressed gently and chilled for some time.
g) It should be eaten when ready.
h) It will taste good.
The passive voice is used when the focus is on the action or the object that receives the action, rather than the person or thing performing the action. In the case of making a sandwich, the passive voice is useful for making the instructions clear and easy to understand.
The question was incomplete, Find the full content below:
Given below are some instructions on how to make a 'sandwich'. Read them carefully and then rewrite each of them in the passive voice.
a) Take two slices of soft bread.
b) Trim their crust.
c) Apply butter evenly on them.
d) Prepare the filling (cucumber or tomato slices, grated cheese, etc.)
e) Place filling on one of the slices and cover with the other.
f) Press gently and chill for sometime.
g) Eat it when ready,
h) It will taste good.
Please help me as fast as possible
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A contract for the sale of a business is not subject to UCC.
True or false?
Uniform Commercial Code (UCC) are known to be rules governing business transactions. A contract for the sale of a business is not subject to UCC is a false statement.
The UCC are regarded as set of rules that is often applied to many types of commercial contracts. They include contracts related to the sale of goods, leasing of goods, use of negotiable instruments etc.The Uniform Commercial Code (UCC) is known to have a lot of different set of laws that helps in governing all commercial transactions in the United States.
They are not federal law, but are said to be uniformly adopted state law. It is regarded as the framework of American commerce.
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An amortization schedule for bonds issued at a premium: Multiple Choice Is reported in the balance sheet. All of these answer choices are correct. Is a schedule that reflects the changes in the debt over its term to maturity. Correct Summarizes the amortization of the premium, a contra-asset account with a credit balance.
What is a marginal tax rate?
the actual percentage of federal tax paid
the highest percentage of federal tax paid
the lowest percentage of federal tax paid
the rate difference between joint and single filers
Answer:
the highest percentage of federal tax paid
Explanation:
The marginal tax rate implies the highest tax rate applicable in a progressive tax system. It is the tax rate imposed on extra income. In a progressive tax system like the one used in the US, the tax rate rises as income increases. The marginal tax rate is the increased tax rate paid on the extra dollar earned.
The marginal tax rate is, therefore, the highest percentage of federal tax paid.
Answer:
According to the case, the five kinds of share are directly relevant and can be calculated from the provided information are:
1. Authorized Capital
2. Issued Capital
3. Un-issued Capital
4. Subscribed Capital
5. Called-up Capital
Explanation:
Authorized Capital:
The authorized capital is known as the registered capital of the company, Authorized capital is the maximum amount of share that a company is authorized to issuing share to its shareholders.
In this case, the Alpha limited company registered on 5th January 2023 with the capital of 500,000 which is divided into 25,000 ordinary shares and the value of each share is Rs. 20.
Issued Capital:
The issued share capital of company is monetary value of shares which legally offers by company to its shareholders.
In this case, the Alpha limited company on 20th of January offered for sale to the public from authorized capital. The company put forward 15,000 and the value of each share is 20 Rs. Consequently, the company’s issued capital is 300,000 Rs (15,000 shares x 20 Rs.) .
Un-issued Capital:
The un-issued share capital reflects the part of authorized capital stock that the company has not yet issued to the public.
In this case, the Alpha limited company has not issued his 10,000 shares, and the value of each share is 20 Rs so its total un-issued capital is Rs. 200,000 (10,000 shares x 20 Rs.).
Subscribed Capital:
The subscribed capital is the portion of issued capital for which the public has been subscribed and the company has accepted.
In this case, the Alpha limited company on 23rd January received applications for 14,500 shares from the public which informed by company’s bank, so the subscribed capital is Rs. 290,000 (14,500 shares x 20 Rs.).
The five kinds of capital that are directly relevant are:
Authorized Capital: Rs. 500,000Issued Capital: Rs. 300,000Un-issued Capital: Rs. 200,000Subscribed Capital: Rs. 290,000Called-up Capital: Rs. 290,000What is a called-up capital?The called-up capital refers to the portion of the subscribed capital that the company has demanded and the shareholders are required to pay.
In this case, the Alpha limited company called up the entire subscribed capital of Rs. 290,000 on 25th January. Therefore, the called-up capital is also Rs. 290,000.
Summarily,
- Authorized Capital: Rs. 500,000
- Issued Capital: Rs. 300,000
- Un-issued Capital: Rs. 200,000
- Subscribed Capital: Rs. 290,000
- Called-up Capital: Rs. 290,000
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explanation of how business intelligence is used or could be used to support SpaceX's 3D printing process
By providing greater performance and efficiency business intelligence is could be used to support SpaceX's 3D printing process.
By providing insights into performance and efficiency, highlighting areas for improvement, forecasting future outcomes, real-time monitoring, and supply chain optimization, business intelligence can help SpaceX's 3D printing process.
SpaceX can optimize the printing process, avoid expensive errors, and increase efficiency by tracking key performance indicators, reviewing historical data, and monitoring the process in real-time. BI can also help cut costs and improve the supply chain. Overall, BI can offer SpaceX useful data driven decision making support so that it can keep innovating in the aerospace sector.
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what the term economic environment means
Answer:
gracias por los puntosdssss
Answer:
All external economic factors that influence consumers(buyer) and businesses, affect the performance of companies.
Explanation:
Consider that you are working in a company that has just announced the termination of 20 percent of the organization’s workforce. You are not affected by this action, but several of your friends will lose their jobs. This past week several other employees not affected by this job loss appear to be quite stressed out by the news. You have a good relationship with the HR representative for your work team. What might you suggest she do in this situation?
Consider that you are working in a company that has just announced the termination of 20 percent of the organization’s workforce.-------------. I would suggest that in this situation the company can use other technology which will hire employees and should analyze the market and company in a broad manner so they can reduce the termination.
What is a company?A company is a natural legal entity or an enterprise that is formed by the association of a group of people. A company is normally engaged in an economic activeness, like to carry commercial activities on a business for gain.
A company can be a commercial or an industrial enterprise and the people in it work together towards achieving a common objective or goal which is basically for profit earnings.
In case of termination, I would suggest that in this situation the company can use other technology which will hire employees and should analyze the market and company in a broad manner so they can reduce the termination.
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Suppose you pay $14 to see George Clooney in his next movie and that Mr. Clooney receives $40 million for appearing in it. This means that:
A.)You would be better off if you were more self-reliant in the movie market.
B.)George Clooney receives a producer surplus of $40 million.
C.)You receive a consumer surplus of $14.
D.)You and George Clooney benefit from this transaction.
It can be depicted that you and George Clooney benefit from this transaction since utility is derived.
What is utility?Utility refers to the usefulness or enjoyment that a consumer can get from a good or service.
In this case, if one pays $14 to see George Clooney in his next movie and that Mr. Clooney receives $40 million for appearing in it, the p[erson and George Clooney benefit from this transaction.
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A profit-maximizing firm will use more of a factor of production when: The extra cost of using an additional factor unit is less than the marginal revenue product of the additional factor unit. The marginal physical product of the additional factor unit is greater than the marginal revenue product (MRP) of the additional factor unit. The marginal physical product of the additional factor unit is less than the marginal revenue product of the additional factor unit. The extra cost of using an additional factor unit is less than the marginal physical product of the additional factor unit.
Answer:
The extra cost of using an additional factor unit is less than the marginal revenue product of the additional factor unit.
Explanation:
A profit maximizing firm will continue to use more factors of production as long as the cost of the extra factors of production is equal to or less than the marginal revenue product. Marginal revenue product refers to the additional revenue generated by employing extra units of factors of production. It is calculated by multiplying the marginal product (the number of extra units produced) times the selling price of the extra units produced.
E.g. a firm that produces chairs will continue to increase its production level as long as the cost of direct labor, materials and variable manufacturing overhead is less or equal to the selling price of the chairs.
A profit maximizing firm is going to use more of a factor of production when The extra cost of using an additional factor unit is less than the marginal revenue product of the additional factor unit.
The correct answer is option A.
The reason for this answer is the fact that we have the condition where
MC = MRP
Marginal cost is equal to the Marginal revenue product.
The firm is going to produce more given the fact as more output revenue is more than cost.
The additional cost of another factor is Marginal cost, MC.
Here extra cost of using another factor = MC
given that WR = MC where wage is a cost,
Then the WR is greater than MRP hiring an additional worker would result in less revenue. So workers have to be hired less till we arrive at MR=MRP.
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Grayson works in an amusement park and is helping decorate it with strands of lights.
This morning, he used a total of 44 strands of lights to decorate 4 bushes and 2 trees.
This afternoon, he strung lights on 2 bushes and 2 trees, using a total of 34 strands.
Assuming that all bushes are decorated one way and all trees are decorated another way how many strands did he use on each tree? Each bush?
An amusement park or amusement park is a place with attractions made up of rides, such as roller coasters and water rides.
What is the meaning of an Amusement Park?A facility having rides, like roller coasters as well as water rides, is known as a theme park or amusement park. Together with a variety of rides, they frequently provide stores, dining options, and other entertainment options. Many ages can enjoy theme parks, including adults, teenagers, and kids.
The operations of a variety of attractions, including mechanical rides, water rides, games, shows, theme exhibits, and picnic areas, are included in this group of activities performed by a wide range of units that operate facilities or offer services to meet this same varied recreational interests of their patrons.
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If you were a manager in a company that operates in many countries, what criteria would you use to determine whether an application should be developed as a global application or as a local application?
As a manager in a company that operates in many countries, I would consider the following criteria to determine whether an application should be developed as a global application or a local application:
Market demand: The first criterion would be to determine if there is a global market demand for the application. If the application addresses a need that is common across multiple countries, it makes sense to develop a global application. However, if the application is specific to a particular country or region, it may be better to develop a local application.
Cultural considerations: Cultural differences between countries can be a significant factor when deciding whether to develop a global or local application. Certain features that are accepted or preferred in one country may not be well-received in another. Therefore, it is essential to understand the cultural preferences of the target audience and design the application accordingly.
Language: If the application requires support for multiple languages, it may make more sense to develop a global application. In contrast, a local application would only need to support the primary language spoken in the country or region.
Legal requirements: Legal and regulatory requirements can differ significantly from country to country. Therefore, it is essential to ensure that the application complies with local regulations, including privacy laws, data protection laws, and other relevant regulations.
Cost considerations: Developing a global application can be more expensive due to the need to consider cultural, legal, and language differences. Therefore, cost considerations should be taken into account when deciding between a global or local application.
By considering these criteria, a manager can determine whether an application should be developed as a global application or a local application.
Josh Alcazar, CFO of 888 Corp is analyzing two investments Investment A and Investment B. Fast
year, the investment & had a market value of $130,000, and Investment 8 of $180,000. During the
year investment A generated actual income of $6,000 and Investment 8 of $8,500. Today, the actuall
market values for the investments are, respectively, for A, $130,000 and for B, $182,000.
A. Calculate the expected rate of return on investments A and B for the year. (6 pts.)
The rate of return on Investment A is 4.6153% and the rate of return on Investment B is 5.8333%.
How to calculate the rate of return?Today actual market value of Investment A 130,000
Today actual market value of Investment B 182,000
Formula to calculate the expected rate of return on investment is:
Rate of Return in % = [((Current Value - Initial Value) + Actual return) / Initial Value] × 100
Rate of Return Investment A =
[((130,000-130,000)+6,000)/130,000]×100
= 4.6153%
Rate of Return Investment B =
Rate of Return in % = [((Current Value - Initial Value) + Actual return) / Initial Value] × 100
[(182,000-180,000)+8500)/180,000]×100
= 5.8333%
Return on Investment B is 5.8333%.
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6
Select the correct answer from each drop-down menu.
Complete the following statements.
A
entire amount at the end of the
allows consumers to make purchases at specific retailers using credit. Users of this type of card must pay the
Reset
Next
Complete the following statements.
A credit card allows consumers to make purchases at specific retailers using credit. Users of this type of card must pay the entire amount at the end of the billing cycle.
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Task 2: Writing a Cover Letter Prepare a cover letter to highlight your skills required for the job identified in the previous task. Apply the tips for writing cover letters that you learned in this course.
In a Job context, a cover Letter is important because its provides the hiring manager with further detail on how your skill set aligns with the role, what you can bring to the team and why you want the position.
How to write good cover letter:A good cover letter for a job should be well-written and tailored to the specific job and company you are applying to. It should also be concise and to the point.
Here are some tips for writing a strong cover letter:
Address the letter to a specific person, if possible. This shows that you have done your research on the company.Start with a strong opening sentence that hooks the reader's attention and makes them want to read more.Explain why you are a good fit for the job, and how your skills and experiences make you a valuable asset to the company.Tailor your cover letter to the specific job you are applying for, by highlighting relevant experiences or skills.Use specific examples to illustrate your qualifications, and avoid generic language or cliches.End the letter with a call to action, such as asking for an interview or requesting that your resume be considered for the position.Proofread your cover letter multiple times before submitting, to ensure that it is error-free.Be sure to use a professional tone and format, and avoid using emoticons or text language.If you are applying online, make sure to save and submit the document in the correct format as per employer's instruction.Read more about cover letter
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Would you buy a product that costs more because ethical business practices are a part of production costs? If so, how much and for what causes are you willing to spend more? If not, argue why lower priced goods make more sense.
Gathering testimonials when preparing for a sales presentation can be helpful in overcoming customer
Answer:
objections
Explanation:
salespeople should
know the product's benefits
making a presentation around what the customer wants
gathering customer reviews
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In 2014 Amazon implemented a security clearance for workers at their warehouses in Nevada. The workers were required to spend time going through the security check following their shift, which allegedly took up to 25 minutes. Integrity Staffing Solutions, a company that provides workers to Amazon warehouses across the nation filed a class-action lawsuit claiming this time should be compensable.
See the "Amazon Case" excerpt in the Week 9 folder.
What law is implicated in this situation?
How did the 9th Circuit Court of Appeals rule on this issue? Why?
How did the US Supreme Court rule on this issue? Why?
What is the standard for deciding whether or not such activities should be compensable or not?
In 2021 the Pennsylvania Supreme Court looked at the same issue with Amazon workers.
How did this court rule on the issue?
Why did they rule differently than the US Supreme Court in the earlier case?
In the situation involving Amazon's security clearance for workers at their warehouses in Nevada, the law implicated is the Fair Labor Standards Act (FLSA). The case in question is Integrity Staffing Solutions v. Busk.
The 9th Circuit Court of Appeals ruled in favor of the workers, stating that the time spent going through the security check was integral and indispensable to their work, and therefore should be compensable under the FLSA. The court reasoned that the security checks were required by the employer and for the employer's benefit.
However, the US Supreme Court reversed the 9th Circuit's decision, ruling that the time spent on security checks was not compensable under the FLSA. The Supreme Court explained that an activity must be both integral and indispensable to the principal activities that an employee is employed to perform for it to be compensable.
In this case, the security checks were not integral and indispensable to the workers' principal activities, as they were not directly related to their job tasks.
The standard for deciding whether or not such activities should be compensable is whether they are integral and indispensable to the principal activities that the employee is employed to perform.
In 2021, the Pennsylvania Supreme Court looked at a similar issue with Amazon workers. This court ruled that the time spent on security checks was compensable under Pennsylvania state law.
The Pennsylvania Supreme Court ruled differently than the US Supreme Court in the earlier case because they applied state law, which offers broader protection for workers than the FLSA.
The Pennsylvania court found that the security checks were required by the employer, and the time spent on these checks was beyond the workers' control, making it compensable under Pennsylvania state law.
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How did Bill Gates use the free enterprise system to gain success? Explain how he started and where he is now, provide examples.
The free enterprise system allows for an individual and consumers economic freedoms with little to no restrictions from the government. This contributed to Bill Gates success in the American sphere.
How did Bill Gates use free enterprise system to gain success?In a free enterprise system, multiple firms are constantly competing for profits; as a result, businesses try to meet market demand at an affordable price.
Bill Gates founded Microsoft by understanding market demands and providing consumers with what they needed at lower prices. However, the company's success can be attributed to the free enterprise system in the United States, which allowed Bill Gates to make decisions that were best for his company's welfare.
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