Return on investment can be split into profit margin and investment turnover.
Return on investment is calculated by dividing the firm's capital turnover ratio by the sales margins. This is useful for comparing a division or product line to others, but it shouldn't be the sole factor used to assess performance. It is employed to assess an investment's potential or to evaluate it in relation to other investments. In this kind of investment, the amount of money invested and the returns are weighed against one another.
Investment gauges how successfully a business generates revenue from the assets it has invested in. While the margin is the amount of profit that remains after a firm deducts its cost of goods sold, selling and administration costs, depreciation, tax, and interest costs. Simply said, the margin is the firm's revenue figure less the spending line items.
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Ria Private Corporation is into mobile phones manufacturing field. It has seen a major improvement in cost reduction as it has instituted a four-week training program for all of its employees who are under probation. During training sessions, new joiners are encouraged to express their views and ideas and asked to make it a two-way communication while interacting with the speaker. Trainers have rewarded the good ideas immediately to make the session more effective as a token of encouragement. Which of the following factors would better describe the success of training? Answer choices: a. Task analysis b. Situational constraints c. Social support d. Cognitive ability
The success of training in Ria Private Corporation, which is into mobile phones manufacturing field, would be better described by social support. Social support would better describe the success of training.
"What is social support"? Social support refers to the encouragement and aid provided to an individual by their social network. Social support is the notion of being able to rely on others when in need. It can take a variety of forms, including emotional, practical, or informational assistance.What is the importance of social support?Social support has a number of advantages, including improved physical health, mental well-being, and the ability to cope with adverse events.
It is particularly beneficial to those who have experienced traumatic events, such as disasters or interpersonal violence. It can help to reduce the harmful effects of stress, such as high blood pressure, and is linked to better recovery rates from illness.
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What is advertising?
Explanation:
the activity or profession of producing advertisements for commercial products or services.
plz mark it as brainliest
Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. If she were to order 80 pounds of pepperoni at a time, what would be the average inventory level?
Answer: 40 pounds
Explanation:
Given the following :
Ordering cost = $10 / order
Carrying cost = 4 cents per pound per day
Cost of pepperoni = $3 per pound
Daily demand = 20 pounds
Order quantity = 80 pounds
Average inventory level at the time in which 80 pounds of pepperoni was ordered is given as
Average inventory level is given as :
Order quantity / 2
80 pounds / 2 = 40 pounds
Tell me ten different things a person would need a credit score for? WILL MARK BRAINLIEST DUE TODAY PLEASE HELP 50 POINTS
List 5 things you have purchased in the last year because of a marketing function. Describe what function of marketing was evident in your decision to purchase it.
Answer:
1- smartphone
2- computer
3- kindle
4- clothes
5- watch
Explanation:
The economy exists due to the human need for products and services.
Marketing is responsible for adapting such products and services to the individual needs of each person, in order to offer value to the customer, meeting their desires and preferences through features, personalization of products and services, benefits, customer service, advertising, communication , etc., for a company to be strategically competitive and improve profits.
Therefore, in relation to the products acquired by me last year, there are 3 technological products (smartphone, computer and kindle) that were acquired through the function of marketing features that satisfy the needs of work, communication and leisure.
The watch and clothes were acquired through the function of advertising marketing and differentiated design, which add value to the customer through the status they create in the consumer's mind.
Which of the following statements is true about utilitarianism?
A) It is an attractive perspective for business decision making.
B) It attempts to describe and categorize the universe from a detached, objective viewpoint.
C) It emphasizes the formation of good character in individuals.
D) It is aimed at minimizing utility and maximizing morality.
The statements is true about utilitarianism is it is an attractive perspective for business decision making.
Utilitarianism is an ethical theory that focuses on the consequences or outcomes of actions. It suggests that the morally right action is the one that maximizes overall happiness or utility for the greatest number of people. In business decision making, utilitarianism can be an attractive perspective because it emphasizes the consideration of the potential impact on stakeholders and the overall welfare of society.
Option B) It attempts to describe and categorize the universe from a detached, objective viewpoint is not an accurate description of utilitarianism. Utilitarianism focuses on evaluating actions based on their outcomes and their effects on happiness or utility, rather than attempting to describe or categorize the universe objectively.
Option C) It emphasizes the formation of good character in individuals is not a specific characteristic of utilitarianism. While individuals may develop good character traits as a result of following utilitarian principles, the theory itself primarily focuses on the consequences of actions rather than character formation.
Option D) It is aimed at minimizing utility and maximizing morality is not a correct statement. Utilitarianism seeks to maximize utility or overall happiness, not minimize it. It does aim to maximize the moral outcome by considering the overall consequences of actions.
Therefore, the correct answer is A) It is an attractive perspective for business decision making.
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answer this question plz n thank you. (posted the 1st n 2nd question. gonna post 2 other ones.)
3. Many jobs in the Personal Services pathway—such as hairdresser, personal trainer, massage therapist or barber—involve caring for people’s physical needs. List two important qualities that might be needed for success in these kinds of careers and explain how each of the qualities you mentioned are important to finding success in this field.
Answer:
Confidece, and empathy.
Explanation:
Confidence to know you will do great at your job, and empathy to know how others feel about themselves!
Hope this helps! Brainliest plz!
Select the correct answer.
The speed of a ship is given by , where d is the distance the ship travels in 3 hours. If the ship travels 48 miles in 3 hours, what is the speed of the ship?
A.
12 miles per hour
B.
16 miles per hour
C.
45 miles per hour
D.
51 miles per hour
The speed of the ship is B. 16 miles per hour
How to calculate the speedRecall that
Speed= Distance/Time
Given that the distance= 48 miles
Time= 3 hours
The speed would be 48/3= 16 miles per hour
Therefore, option B is correct.
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What are some actions that may be taken by a nation to reduce interest rates in a country
Answer:
If needed, the Federal Reserves has the ability to lower interest rates.
Explanation:
Milo Millworks Incorporated has maintained a sustainable competitive advantage for its framing style. In order to accomplish this, the framing style must be
In order to accomplish this, the framing style must be difficult to substitute for.
What is Competitive advantage?Competitive advantage can be defined as the way in which a company produce or manufacture more goods or product and sell those goods produce at lesser rate so as to increase their sales than that of their market competitors.
Based on the scenario in order for Milo Millworks to accomplish the competitive advantage for their framing style, the framing style must be difficult to substitute for.
Therefore the framing style must be difficult to substitute for.
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A beta distribution center worker was injured when she tried to remove items on the shelf and not a heavy box onto her for a week later some posters stored in tubes rolled off another shelf and into an ally second worker tripped over tube and for which of the following measures with best prevent this type of safety problem at beta
Answer:
C. Teach procedures for stacking items in straight, even loads.
Explanation:
Answer:
teach procedures for stacking items in straight, even loads.
Explanation:
When are conflict resolution skills required in the consumer service industry?
A. When the customer service representative is following up with a customer after their Issue has been resolved.
B. When the customer service representative has personally offended the customer
C. Any time a customer requires assistance from a customer service representative.
D. When the customer is not in a frame of mind to begin the assessment phase of customer service.
Answer:
C
Explanation:
..
Answer:
When the customer is not in a frame of mind to begin the assessment phase of customer service.
Explanation:
Making a good first impression on potential employers is essential to securing employment.truefalse
Yes,True. Making a good first impression on potential employers is essential to securing employment.
Making a good first impression on supervisors, colleagues, and customers is important because you only get one opportunity to do it. First impressions help demonstrate that you're trustworthy, confident, and personable.
steps to make a great first impression at work Dress appropriately. Be a little early (or at least on time) .Smile and make eye contact. Introduce yourself."Describe effective communication strategies to manage crucial
conversations. What part does communication play in the management
of a diverse work team (gender, culture, and generation)?
Effective communication strategies for managing crucial conversations involve active listening, maintaining an open mind, expressing oneself clearly and respectfully, seeking understanding, and finding common ground for resolution.
In the management of a diverse work team, communication plays a vital role in fostering inclusivity, understanding, and collaboration.
helps bridge differences, promotes empathy , and encourages a sense of belonging. Communication should be sensitive to gender, cultural, and generational factors to avoid misunderstandings, biases, and conflicts. It involves active listening, acknowledging diverse perspectives, adapting communication styles, promoting cultural competence, and creating an environment where everyone feels valued and heard.
Effective communication strategies for managing crucial conversations:
- Active Listening: Actively listen to understand the other person's viewpoint without interruption or judgment.
- Open-mindedness: Approach the conversation with an open mind, being willing to consider different perspectives.
- Clarity and Respect: Express thoughts and concerns clearly and respectfully, using non-confrontational language.
- Seek Understanding: Ask questions and seek clarification to ensure mutual understanding and avoid assumptions.
- Find Common Ground: Identify shared interests or goals to build upon and find mutually beneficial solutions.
In the management of a diverse work team, effective communication is essential for several reasons. First, it fosters inclusivity by creating an environment where every team member feels heard and valued, regardless of their gender, cultural background, or generational differences. It allows for the exchange of ideas, experiences, and perspectives, which can lead to innovation and better decision-making.
Communication plays a crucial role in understanding and respecting the diverse perspectives and needs of team members. It helps to bridge potential gaps in understanding arising from different cultural norms, communication styles, or generational expectations. By adapting communication approaches and promoting cultural competence, leaders can minimize misunderstandings, promote collaboration, and create a more cohesive and productive team environment.
Moreover, effective communication can help address and prevent conflicts that may arise due to diverse backgrounds. It encourages open dialogue, empathy, and the ability to navigate differences constructively. By fostering a culture of open communication and respect, leaders can promote teamwork, build trust, and harness the collective strengths of a diverse workforce.
Overall, communication serves as a foundation for managing crucial conversations and facilitating the successful management of a diverse work team. It enables understanding, inclusivity, collaboration, and harmony among team members, leading to improved productivity and a positive work environment.
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In the context of sports, with the recent proliferation of mobile devices and growing connectivity, many people have _____. Multiple choice question. received significant financial aid to facilitate sports development and participation gained the ability to produce and distribute sport content and commentary turned to traditional content such as newspaper reports gained entry into professional athletic and sports teams
Answer:
gained the ability to produce and distribute sport content and commentary.
Explanation:
In the context of sports, with the recent proliferation of mobile devices and growing connectivity, many people have gained the ability to produce and distribute sport content and commentary.
Which person used a cost-saving strategy when deciding how to spend their money?
a. when selecting a new tablet, Rosita carefully read about the features of each model.
b. when purchasing a new jacket, Thao chose the one that was manufactured locally.
c. when choosing which coffee to buy, Ivan chose the brand with the "fair trade" label.
d. when buying a used dirt bike, Fabian negotiated with the seller to get a better deal.
will give brainliest!
The person who used a cost-saving strategy when deciding how to spend their money is the Fabian who negociated with the seller to buy a used dirt bike to get a better deal.
What is cost-saving stategy?The strategy in which we analysis the basic requirements which are necessary and on which minimum cost can be made in a business
What is a dirt bike?The bikes which are generally used in dirts to have races or to have friction with the roads with dirts.
Hence, option D is the correct answer
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The dataset below eBayAuctions.csv contains information on 1972 auctions transacted on eBay.com during May–June 2004. The goal is to use these data to build a model that will distinguish competitive auctions from non-competitive ones. A competitive auction is defined as an auction with at least two bids placed on the item being auctioned. The data include variables that describe the item (auction category), the seller (his or her eBay rating), and the auction terms that the seller selected (auction duration, opening price, currency, day of week of auction close). In addition, we have the price at which the auction closed. The goal is to predict whether or not an auction of interest will be competitive.
eBayAuctions.csv
In R Your Job is To:
Step 1:
Preprocess the Data:
Create dummy variables for the categorical predictors. These include Category (18 categories), Currency (USD, GBP, Euro), EndDay (Monday–Sunday), and Duration (1, 3, 5, 7, or 10 days).
Bin the scheduled departure time into eight bins (in R use function cut()).
Use these and all other columns as predictors (excluding DAY_OF_MONTH).
Partition the data into training and validation sets.
Step 2:
Once you've preprocessed the data, complete the following:
Create pivot tables for the mean of the binary outcome (Competitive?) as a function of the various categorical variables (use the original variables, not the dummies). Use the information in the tables to reduce the number of dummies that will be used in the model. For example, categories that appear most similar with respect to the distribution of competitive auctions could be combined.
Split the data into training (60%) and validation (40%) datasets. Run a logistic model with all predictors with a cutoff of 0.5. If we want to predict at the start of an auction whether it will be competitive, we cannot use the information on the closing price. Run a logistic model with all predictors as above, excluding price. How does this model compare to the full model with respect to predictive accuracy? Then:
Run a logistic model with all predictors as above, excluding price. You need to do this because if we want to predict at the start of an auction whether it will be competitive, we cannot use the information on the closing price. Then:
Tell me: How does this model compare to the full model with respect to predictive accuracy? Then:
Interpret the meaning of the coefficient for closing price. Does closing price have a practical significance? Is it statistically significant for predicting competitiveness of auctions? (Use a 10% significance level.)
Use stepwise selection (use function step() in the stats package or function stepAIC() in the MASS package) and an exhaustive search (use function glmulti() in package glmulti) to find the model with the best fit to the training data. Which predictors are used?
Use stepwise selection and an exhaustive search to find the model with the lowest predictive error rate (use the validation data). Which predictors are used? Then Tell Me:
What is the danger of using the best predictive model that you found?
Why the best-fitting model and the best predictive models are the same or different.
If the major objective is accurate classification, what cutoff value should be used?
Based on these data, what auction settings set by the seller (duration, opening price, ending day, currency) would you recommend as being most likely to lead to a competitive auction?
I'm sorry, but as a text-based AI, I don't have the capability to directly pre process and analyze data or perform specific tasks in R. However, I can provide you with some guidance on how to approach the given tasks.
Step 1: Pre processing the Data
Load the dataset (eBayAuctions.csv) into your R environment.
Create dummy variables for the categorical predictors (Category, Currency, EndDay, and Duration) using appropriate functions in R (e.g., dummyVars() or model.matrix()).
Bin the scheduled departure time into eight bins using the cut() function in R.
Partition the data into training and validation sets, using a 60% - 40% split. You can use the createDataPartition() function from the caret package to achieve this.
Step 2: Model Building and Evaluation
Create pivot tables to analyze the relationship between the binary outcome (Competitive?) and the various categorical variables. Use these tables to identify categories that can be combined to reduce the number of dummy variables used in the model.
Split the data into training and validation datasets (already done in Step 1).
Fit a logistic regression model with all predictors (including the generated dummy variables) using the training dataset.
Assess the predictive accuracy of the logistic model by evaluating it on the validation dataset.
Fit another logistic regression model excluding the closing price variable and compare its predictive accuracy to the full model. Use the validation dataset for evaluation.
Interpreting the coefficients and significance:
Examine the coefficient for closing price in the logistic model that includes it. Determine its practical significance and statistical significance at a 10% significance level.
Interpret the meaning of the coefficient for closing price, considering its influence on the competitiveness of auctions.
Stepwise selection and exhaustive search:
Use stepwise selection (e.g., step() function) and an exhaustive search (e.g., glmulti() function from the glmulti package) to find the model with the best fit to the training data. Identify the predictors included in this model.
Use the same stepwise selection and exhaustive search techniques to find the model with the lowest predictive error rate using the validation data. Identify the predictors included in this model.
Danger of using the best predictive model:
Explain the potential danger of relying solely on the best predictive model found. Consider issues like overfitting, sensitivity to data changes, and generalization to new data.
Comparison between best-fitting and best predictive models:
Discuss whether the best-fitting model and the best predictive model are the same or different, based on your findings.
Cutoff value for accurate classification:
Determine the optimal cutoff value that should be used for accurate classification. You can use evaluation metrics like ROC curves, precision-recall curves, or cost-sensitive analysis to determine the cutoff.
Recommended auction settings for competitiveness:
Analyze the coefficients and significance of the predictors related to auction settings (duration, opening price, ending day, currency) to identify the settings most likely to lead to a competitive auction.
Remember to refer to R documentation and relevant statistical packages for specific syntax and functions to perform the required tasks.
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A company purchased a quality control system for $35,767 which requires $7,398 per year maintenance fees for the first 5 years, after which the maintenance fees will increase by 12% per year for the upcoming 7 years. Determine the equivalent total present worth value of preached system during the 12 years operation at i = 15% per year.
The equivalent total present worth value of the quality control system over 12 years of operation at an interest rate of 15% per year is $101,840.15.
To determine the equivalent total present worth value of the quality control system over 12 years of operation, we need to calculate the present worth of the initial purchase cost and the present worth of the maintenance fees for each year.
Given data:
Purchase cost: $35,767
Maintenance fees for the first 5 years: $7,398 per year
Maintenance fees increase: 12% per year for the next 7 years
Interest rate: 15% per year
Present Worth of Purchase Cost:
Since the purchase cost is incurred at the beginning, its present worth remains the same.
Present Worth of Purchase Cost = $35,767
Present Worth of Maintenance Fees:
The maintenance fees for the first 5 years are constant at $7,398 per year.
For the next 7 years, the maintenance fees increase by 12% per year.
To calculate the present worth of the maintenance fees, we'll use the formula:
PW = F * (1 - (1 + i)^(-n)) / i
Where:
PW = Present Worth
F = Annual maintenance fee
i = Interest rate
n = Number of years
For the first 5 years:
Present Worth of Maintenance Fees (Years 1-5) = $7,398 * [(1 - (1 + 0.15)^(-5)) / 0.15]
= $28,924.97
For the next 7 years:
Present Worth of Maintenance Fees (Years 6-12) = $7,398 * [(1 - (1 + 0.15)^(-7)) / 0.15]
= $37,148.18
Total Present Worth:
Total Present Worth = Present Worth of Purchase Cost + Present Worth of Maintenance Fees
= $35,767 + $28,924.97 + $37,148.18
= $101,840.15
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How does the work done by agriculture communications professionals compare to and differ from that of other marketing workers?
Answer:
Agriculture communications professionals need to have the same basic background on marketing, covering areas such as market research, product research, and market communication.
However, they will also need to have an agriculture-related background, because they need to understand the dynamics of the agriculture business, from farm issues, to the kind of crops or produce that they can buy or sell in a specific area, to even agricultural policy.
Who is down for a Amazon card trade for steam gift card
Answer:ok, sure,
Explanation:
Answer:
whats the question sir?
Explanation:
company ej plans to build a new plant to manufacture bicycles. ej sells its bicycles in the world market for $550 per bike. it could locate the plant in province p, which levies a 25 percent tax on business income. on the basis of the cost of materials and labor in province p, ej estimates that its manufacturing cost per bike would be $332. alternatively, ej could locate the plant in province w, which levies a 20 percent tax on business income. on the basis of the cost of materials and labor in province w, ej estimates that its manufacturing cost per bike would be $350. required: calculate the after-tax profit per bike for each province. in which province should company ej build its new plant?
Company EJ has two options for building its new plant: Province P and Province W. To determine which province is the better choice, we need to calculate the after-tax profit per bike for each location.
Province P:
- Manufacturing cost per bike: $332
- Tax rate: 25%
- Selling price per bike: $550
- Pre-tax profit per bike: $550 - $332 = $218
- Taxes per bike: $218 * 0.25 = $54.50
- After-tax profit per bike: $218 - $54.50 = $163.50
Province W:
- Manufacturing cost per bike: $350
- Tax rate: 20%
- Selling price per bike: $550
- Pre-tax profit per bike: $550 - $350 = $200
- Taxes per bike: $200 * 0.20 = $40
- After-tax profit per bike: $200 - $40 = $160
Comparing the after-tax profit per bike for each province, Company EJ should build its new plant in Province P, as it has a higher after-tax profit per bike ($163.50) compared to Province W ($160).
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We Invest, Inc. acquired 15% of We Make It, Inc. on January 1, 2020 for $35,000. On December 31, 2020 the investment in We Make It, Inc. has a fair market value of $32,000. For the year ended December 31, 2020 We Make It, Inc has income of $10,000. The entry We Invest, Inc. would record on December 31, 2020 would include:
Based on the information provided, the investment in We Make It, Inc. has decreased in value by $3,000 ($35,000 - $32,000) as of December 31, 2020. Since We Invest, Inc. has a 15% ownership in We Make It, Inc., it would record a loss on its investment equal to 15% of the decrease in value, or $450 ($3,000 x 0.15).
The entry We Invest, Inc. would record on December 31, 2020 to account for the decrease in value of the investment and the share of income earned by We Make It, Inc. during the year would be:
Debit: Investment in We Make It, Inc. - $450 (to record the loss on the investment)
Debit: Investment income - $1,500 (15% x $10,000 income earned by We Make It, Inc.)
Credit: Equity in earnings of We Make It, Inc. - $1,050 (15% x $7,000 decrease in value of investment)
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Integrated marketing communication (IMC) requires a big-picture view of promotional planning; a total strategy that includes all marketing messages. You work for a multinational beverage company headquartered in Singapore. You have been put in charge of developing comprehensive marketing communication packages and want to ensure that you maximize the benefits for your company. To reach this goal, you work with department heads around the world to ensure that marketing and communications objectives support the corporate mission and strategies, and keep all staff informed about new developments. You also work with external partners, including advertising and PR agencies, to achieve a cohesive message for your brand and products. Which of the following statements is most likely to be true about your IMC effort? a. Your target market will be identified after the company has established an IMC strategy. b. Sending a unified positive message about your company is often not a priority. c. Developing multinational integrated marketing communication is likely to contribute to the duplication of communication efforts. d. IMC challenges the notion that your advertising, personal selling, direct marketing, and other components of the worldwide promotion mix must stand alone.
Answer: IMC challenges the notion that your advertising, personal selling, direct marketing, and other components of the worldwide promotion mix must stand alone
Explanation:
Option A is wrong as the target market will not be identified after an IMC strategy has been established by the company.
Option B is wrong because it's important to send a positive message that's unified about the company.
Option C is wrong as the development of the multinational integrated marketing communication won't lead to the duplication of communication efforts.
The statement that is true about the IMC effort is that "IMC challenges the notion that your advertising, personal selling, direct marketing, and other components of the worldwide promotion mix must stand alone.
Therefore, the correct option is D.
supply management"" is a newer term that encompasses all acquisition activities beyond the simple purchase transaction.
It is true that supply management is newer term that encompasses all acquisition activities beyond simple purchase transaction.
What is supply management?Identification, acquisition, and management of resources and suppliers that are necessary to an organization's operations are collectively referred to as supply management. Supply management, also referred to as procurement, entails the acquisition of tangible goods, knowledge, services, and any other essential resources that permit a business to carry on with its operations and expand. Supply chain management is typically thought of as the process by which businesses acquire raw materials and finished goods. But supply management involves more than just making purchases and entering into service agreements. It is a methodical business procedure that extends beyond procurement to coordinate pre-production logistics and inventory management, as well as budgeting, personnel, and other crucial data to keep the business operating smoothly.
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Define the mergers and acquisitions of Tesla and define what has the company gained?
if the marginal propensity to consume is 0.75 and if policy makers wish to increase real gdp by 300 million to fight a recession then by how much would taxes have to change
To fight a recession then taxes have to change by -$100 million.
Given,
marginal propensity to consume (MPC) = 0.75
Change in GDP = 300 million
Change in GDP = - MPC / ( 1 - MPC) X change in taxes
300 = - 0.75 / ( 1 - 0.75) * change in taxes
Change in taxes = - 100 million
The percentage of an overall salary increase that a customer spends on purchasing goods and services rather than saving is known as the marginal propensity to consume (MPC) in economics.
Keynesian macroeconomic theory includes a concept known as marginal propensity to consume, which is determined as the change in consumption divided by the change in income.
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2. An organization's products and services are the driving force in accomplishing
its purpose.
A. True
B. False
Store supplies of $160 are on hand. The supplies account shows a $1,900 balance. Entry field with correct answer.
Assuming that the store uses the periodic inventory system, the supplies expense account needs to be adjusted to reflect the actual cost of supplies used during the period.
To calculate the cost of supplies used, we need to subtract the supplies on hand at the end of the period from the beginning balance of the supplies account. periodic inventory system
Beginning balance of supplies account: $1,900
Supplies on hand: $160
Supplies used: $1,900 - $160 = $1,740
Therefore, the entry to adjust the supplies expense account would be a debit of $1,740 and a credit to the supplies account of $1,740. This adjustment ensures that the supplies expense on the income statement reflects the actual cost of supplies used during the period.
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Why is interdependence between countries important?
Trade is essential for supplying countries with the commodities, services, and resources they need to thrive in the global economy.
What is the Importance of Interdependence?Trade opportunities increase as a result of economic interdependence. Increased trade between nations encourages the interchange of goods and expands employment prospects on a national and worldwide scale. Selling specialist goods in the same area could face fierce rivalry. Through a vast network of other people, we are able to meet our demands. Because they depend on other nations to meet domestic demand and to market their own products, the majority of nations today are likewise interdependent. Strong interconnection exists, and decisions made by one country frequently affect other countries.
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Indicate whether each of the following costs of an automobile manufacturer would be classified as direct materials cost, direct labor cost, or factory overhead cost: Cost Classification a. Automobile engine b. Brake pads c. Depreciation of robotic assembly line equipment d. Glass for front and rear windshields e. Safety helmets and masks for assembly line workers f. Salary of quality control inspector g. Steering wheel h. Tires i. Wages of assembly line workers
Answer:
The given costs and classification are;
Cost \({}\) Classification
a. Automobile engine \({}\) Direct Material cost
b. Brake pads \({}\) Direct Material cost
c. Depreciation of robotic assembly line equipment Factory overhead cost
d. Glass for front and rear windshields \({}\) Direct Material cost
e. Safety helmets and masks for assembly line workers Factory overhead cost
f. Salary of quality control inspector \({}\) Factory overhead cost
g. Steering wheel \({}\) Direct Material cost
h. Tires \({}\) Direct Material cost
i. Wages of assembly line workers \({}\) Direct labor cost
Explanation:
Direct material cost is the total cost of the materials with which the product is manufactured
Direct labor costs are the total cost of the wages and salaries which the workers directly involved in the production of the goods or the rendering of the service receive
Factory overhead is the operational cost of the production facility that are not directly related to the output or produced materials. Factor overhead are all the other costs excluding the direct labor and material costs.