The manager of Calypso, Inc. is considering raising its current price of $34 per unit by 10%.If she does so, she estimates that demand will decrease by 20,000 units per month. Calypso currently sells 51,700 units per month, each of which costs $22 in variable costs. Fixed costs are $192,000.
a.
What is the current profit?
b.
What is the current break-even point in units? (Round your answer to the nearest whole number.)
c.
If the manager raises the price, what will profit be? (Do not round intermediate calculations.)
d.
If the manager raises the price, what will be the new break-even point in units? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
e.
Assume the manager does not know how much demand will drop if the price increases. By how much would demand have to drop before the manager would not want to implement the price increase? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
Answers
a. To find the current profit, we need to calculate the total revenue and total cost.This is a complex calculation involving algebraic manipulations.
Total revenue = Selling price per unit * Number of units sold
Total revenue = $34 * 51,700 = $1,759,800
Total cost = Variable cost per unit * Number of units sold + Fixed costs
Total cost = $22 * 51,700 + $192,000 = $1,451,400 + $192,000 = $1,643,400
Current profit = Total revenue - Total cost
Current profit = $1,759,800 - $1,643,400 = $116,400
Therefore, the current profit is $116,400.
b. The break-even point is the point at which the total revenue equals the total cost, resulting in zero profit. To find the current break-even point in units, we need to set the profit equal to zero and solve for the number of units.
Total revenue = Total cost
Selling price per unit * Number of units sold = Variable cost per unit * Number of units sold + Fixed costs
$34 * Number of units sold = $22 * Number of units sold + $192,000
Simplifying the equation:
$12 * Number of units sold = $192,000
Solving for the number of units:
Number of units sold = $192,000 / $12 = 16,000 units
Therefore, the current break-even point in units is 16,000 units.
c. If the manager raises the price by 10%, the new price per unit would be:
New price per unit = Current price per unit * (1 + 10%)
New price per unit = $34 * (1 + 0.10) = $34 * 1.10 = $37.40
To find the new profit, we need to calculate the total revenue and total cost based on the new price.
Total revenue = New selling price per unit * Number of units sold
Total revenue = $37.40 * 51,700 = $1,933,180
Total cost = Variable cost per unit * Number of units sold + Fixed costs
Total cost = $22 * 51,700 + $192,000 = $1,451,400 + $192,000 = $1,643,400
New profit = Total revenue - Total cost
New profit = $1,933,180 - $1,643,400 = $289,780
Therefore, if the manager raises the price, the new profit will be $289,780.
d. To find the new break-even point in units after the price increase, we need to set the profit equal to zero and solve for the number of units.
New selling price per unit * Number of units sold = Variable cost per unit * Number of units sold + Fixed costs
$37.40 * Number of units sold = $22 * Number of units sold + $192,000
Simplifying the equation:
$15.40 * Number of units sold = $192,000
Solving for the number of units:
Number of units sold = $192,000 / $15.40 = 12,474.03 units
Rounded to the nearest whole number, the new break-even point in units is 12,474 units.
e. To determine the point at which the manager would not want to implement the price increase, we need to find the decrease in demand that would result in a profit less than or equal to the current profit.
Let's assume the decrease in demand is represented by D.
Total revenue = New selling price per unit * (Number of units sold - D)
Total revenue = $37.40 * (51,700 - D) = $1,759,800
Total cost = Variable cost per unit * (Number of units sold - D) + Fixed costs
Total cost = $22 * (51,700 - D) + $192,000 = $1,643,400
Profit = Total revenue - Total cost
Profit = $1,759,800 - $1,643,400 = $116,400
Simplifying the equation:
Profit = $116,400 = $37.40 * (51,700 - D) - ($22 * (51,700 - D) + $192,000)
Solving for D:
$116,400 = $37.40 * (51,700 - D) - ($22 * (51,700 - D) + $192,000)
Simplifying further:
$116,400 = $37.40 * (51,700 - D) - $22 * (51,700 - D) - $192,000
Combining like terms:
$116,400 = $37.40 * (51,700 - D) - $22 * (51,700 - D) - $192,000
Solving the equation for D will give us the decrease in demand needed for the manager not to implement the price increase.
This is a complex calculation involving algebraic manipulations.
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Related Questions
You have three separate accounts with your bank that you can manipulate with online banking. Account "A" is a checking account with a $5,245.50 balance, Account "B" is a personal savings account with a $12,850.25 balance, and account "C" is a joint college savings account with your 12-year-old son. You move $2,500 from account "B" to account "A" to cover an unexpected bill. You also move 1.5% of the remaining balance in account "B" to account "C". What is left in account "B" after these transfers? A) $10,195 B) $10,350 C) $15,550 D) $25,000
Answers
Answer:
A) $10,195
Explanation:
This can be calculated as follows:
Amount in Account "B" = $12,850.25
Remaining balance after moving $2,500 from Account "B" to account "A" = Amount in Account "B" - $2,500 = $12,850.25 - $2,500 = $10,350.25
Amount moved from account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" * 1.5% = $10,350.25 * 1.5% = $155.25
Balance after moving 1.5% of the remaining balance in account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" - Amount moved from account "B" to account "C" = $10,350.25 - $155.25 = $10,195
Therefore, the correct option is A) $10,195.
Which of the following statements is true of the scope of the Uniform Commercial Code (UCC)?
Under the UCC, the rules for transactions involving merchants and transactions involving regular buyers and
sellers are the same.
Land and services contracts are governed by the articles under the UCC.
The UCC makes sales law more predictable for businesses that engage in transactions in more than one country.
Each state is allowed to rewrite parts of the UCC to reflect the wishes of its state legislature.
Answers
The true statement about the scope of the Uniform Commercial Code (UCC) is that under the UCC, the rules for transactions involving merchants and transactions involving regular buyers and sellers are the same. Option A is correct.
This means that the UCC provides uniformity and consistency in commercial transactions, regardless of the parties involved. Land and services contracts are not governed by the articles under the UCC, but instead, they are governed by other laws.
While the UCC provides uniformity in domestic commercial transactions, it does not necessarily make sales law more predictable for businesses that engage in transactions in more than one country. Finally, while each state is allowed to adopt the UCC, they cannot rewrite it to reflect the wishes of its state legislature.
They can only make minor amendments to the UCC to fit their state's specific needs.
Therefore, option A is correct.
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Explain effective demand in your
own words
Answers
Explanation:
Effective demand refers to a situation in which equilibrium output is determined solely by the level of aggregate demand. This is because of the assumption that supply is perfectly elastic. If there exists any difference between AD and AS, the equilibrium output will be determined only by AD.
when considering how mobile users will search for your business, which types of keywords should you focus on?
Answers
When considering how mobile users will search for business one should focus on shorter keywords and phrases.
Keywords are used in search engine optimisation. Search engine optimisation allows mobile users to have an optimised experience. It takes into consideration the design of the website, structure, speed etc.
Generally, there are four different types of keywords. Their names are commercial, transactional, informational, and navigational. Keywords refer to small phrases or words an individual usually searches for.
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how many parts are included in the application procedure of the sta-21 program?
Answers
Two steps make up application: Part 1: Online submission through the STA-21 website. Part 2: the mailing-in section.
What type of submissions are required for the STA-21 programmed?
Educational prerequisites STA-21(N) applicants must have a minimum combined SAT score of 1140 or an English/Math ACT score of 50. Applicants must also have completed enough undergraduate coursework to meet the prerequisites for a baccalaureate degree in 36 months. The minimal SAT exam scores required for consideration for the STA-21 Commissioning Program are 500 in Math and 500 in Critical Reading (or ACT test scores of 21 Math and 20 English).
Note: Candidates for the Nuclear Option must have a minimum combined SAT score of 1140 or an English/Math ACT score of 50.
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What are four things you can do during an interview to ensure you project a positive attitude?
Answers
Answer:
Make eye contact, smile sometimes, speak respectfully, and thank them for their time after the interview to ensure you reflect a positive attitude.
Explanation:
hope this helps
Four things you can do during an interview to ensure you project a positive attitude are:
Dress for Success.Boost Confidence.Focus on Posture.Smile.How to ensure you project a positive attitude during an interview?Everything depends on how you seem. Even if there is a casual dress requirement and the interview is being conducted by video, choose business clothes. According to Amy Cuddy, a social psychologist at Harvard Business School, standing in a power stance for two minutes can improve your performance and confidence.
This position involves raising your chest, holding your head high, and supporting your arms on your hips. The Power Pose extends to your posture. You might give the impression that you lack confidence by slouching, avoiding eye contact, and moving your body away from the interviewer. Even when you're not in a good mood, smiling will make you feel better. A grin might help you feel more positive as you enter a job interview.
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A flexible budget is:
a. prepared based on different levels of activity.
b. prepared based on one level of activity.
c. prepared on a monthly basis only.
d. also known as activity-based budget.
e. less accurate than a static budget.
Answers
A flexible budget is a budget that is prepared based on different levels of activity and it allows for greater accuracy in budgeting. The correct option is a.
prepared based on different levels of activity.A flexible budget is a budget that adjusts the budgeted amounts for various line items based on the actual level of activity that occurs during the budget period. It is prepared based on different levels of activity.
A flexible budget will adjust for increases or decreases in sales or production. This type of budgeting allows for more accurate budgeting because it adjusts for the actual level of activity that occurred during the budget period, rather than just budgeting a single fixed amount.In a flexible budget, the fixed cost remains the same and only the variable cost is adjusted based on the changes in activity levels.
A flexible budget can help management to make better decisions and be more in control of costs since it can compare the actual results of the business to budgeted results at different activity levels.
Thus,A flexible budget is: a. prepared based on different levels of activity.
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Various funds and account groups, capital projects fund financial statement. Mountain View's citizens authorized the construction of a new library. As a result of this project, the city had the following transactions during 2018 : a. On January 3, 2018, a $600,000 serial bond issue having a stated interest rate of 8% was authorized for the acquisition of land and the construction of a library building. The bonds are to be redeemed in 10 equal annual installments beginning February 1, 2019. b. On January 10,2018 , the city made a $50,000 down payment deposit on the purchase of land, which is to be the site of the library. The contracted price for the land is $150,000, which is $40,000 below what the city estimated it would have to spend to acquire a site. c. On March 1, 2018, the city issued serial bonds having a $450,000 face value at 102 . The bond indenture requires any premium to be set aside for servicing bond interest. d. On March 10, 2018, the city paid the remaining amount on the land contract and took title to the land. e. On March 17,2018 , the city signed a $400,000 construction contract, approved by a city official, with Rower Construction Company. f. On July 10, 2018, the contractor was paid $200,000 based on work completed to date. g. On September 1, 2018, a semiannual interest payment was made on the outstanding bonds. [The general fund transferred funds to supplement the cash received from the premium in item (c).] h. On December 1, 2018, the city issued serial bonds having a $100,000 face value at par. i. On December 2, 2018, the contractor completed the library and submitted a final billing of $210,000, which includes $10,000 of additional work authorized by the city in October 2018 but not recorded as an encumbrance. The $210,000 was paid to the contractor on December 12 , 2018. j. Through December 10, 2018, the city had invested excess cash (from the bond offering) in short-term certificates of deposit. The amount collected on these investments totaled $12,000. 1. Prepare the journal entries in all fund/account groups. 2. Prepare any appropriate year-end adjusting and closing entries for the capital projects fund and the general fixed assets account group. 3. Prepare a statement of revenues, expenditures, and changes in fund balance for 2018 for the capital projects fund.
Answers
1. Journal entries in all fund/account groups
(a) To record serial bond issue Dr Library Building$600,000CrBond Payable$600,000
(b) To record down payment deposit DrLand$50,000CrCash$50,000
(c) To record bond issueDrCash$459,000CrBond Payable$450,000CrPremium on Bond Payable$9,000
(d) To record payment for landDrLand$100,000CrCash$100,000
(e) To record construction contract Dr Construction Expenditures$400,000 Cr Construction Payable$400,000
(f) To record payment to Rower Construction Company Dr Construction Payable$200,000CrCash$200,000
(g) To record semiannual interest payment on bonds Dr Bond Interest$18,000CrCash$18,000
(h) To record serial bond issue Dr Cash $100,000CrBond Payable$100,0002.
Appropriate year-end adjusting and closing entries for the capital projects fund and the general fixed assets account group. The adjusting entry for the Capital Projects Fund is shown below: Dr. Expenditure Control $310,000Cr. Expenditures $200,000Cr. Other Financing Sources - Transfer In $110,000 To adjust for expenditures and transfers.
The closing entry for the Capital Projects Fund is shown below: Dr. Fund Balance - Non spendable $50,000 Dr. Fund Balance - Restricted $200,000 Dr. Fund Balance - Assigned $60,000Cr. Fund Balance - Unassigned $310,000. To close out Fund Balance. The following is the adjusting entry for the General Fixed Assets Account Group: Dr. Construction Expenditures $400,000Cr. Expenditure Control $400,000To account for the total cost of the building as a capital asset.3. Statement of Revenues, Expenditures, and Changes in Fund Balance for 2018 for the Capital Projects Fund Capital Projects Fund Statement of Revenues, Expenditures, and Changes in Fund Balance . For the Year Ended December 31, 2018Revenues and Other Financing Sources Bond Proceeds$1,100,000 Transfers In110,000Total Revenues and Other Financing Sources$1,210,000 Expenditures Construction Expenditures$400,000 Land 100,000Library Building 600,000 Bond Interest 18,000Expenditures310,000 Excess of Revenues and Other Financing Sources Over Expenditures900,000 Other Financing Sources – Proceeds of Bond Issuance$1,100,000 Other Financing Sources – Transfers In110,000 . Total Other Financing Sources$1,210,000 . Net Change in Fund Balance900,000 . Fund Balance, January 1, 2018—Fund Balance, December 31, 2018$0$900,000.
Thus, these are the various funds and account groups, capital projects fund financial statement.
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when the demand fluctuations occurs during predictable periods, sellers of services often develop a price structure such that their prices are higher during the high demand period. this is known as .
Answers
This pricing strategy is known as dynamic pricing or surge pricing. It is used by services such as ride-hailing apps, online ticketing, and hotels where prices are based on real-time demand and supply.
Dynamic pricing allows businesses to maximize their profits by charging more when demand is high. This helps them to optimize their revenue, as it eliminates the need to set fixed prices regardless of demand. Additionally, dynamic pricing can also help to increase customer satisfaction by reducing waiting times and long queues during peak periods.
The downside of dynamic pricing is that it can be perceived as unfair by customers, as it may be viewed as exploiting their willingness to pay more during certain periods.
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are indigenious and traditional technology the same
Answers
Answer:
Mark me as a Brainliest
Explanation:
The modern technology using the national resources, whereas the indigenous technology uses alternate material. For example instead of using coal and lime from factory if you use charcoal and seashell mortar for housing construction.
a sum of $1000 was invested for 4 years, and the interest was compounded semiannually. if this sum amounted to $1430.29 in the given time, what was the interest rate? (round your answer to two decimal places.)
Answers
The answer is: the interest rate on the investment is 9.15%
The compound interest formula is:
A = P(1 + r/n)ⁿˣ
A - the final amount
P - the initial amount
r - interest rate
n - number of compoundings per year
x - time period
We have:
A = $1430.29
P = $1000
r = ?
n = 2 (it is semiannual)
x = 4
A = P(1 + r/n)ⁿˣ
1430.29 = 1000(1r/2)²*⁴
1430.29 = 1000(1 + r/2)⁸
(1 + r/2)⁸ = 1430.29/1000
(1 + r/2)⁸ = 1.430
\(\sqrt[8]{(1+ r/2)}^{8}\) = \(\sqrt[8]{1.430}\)
r = 0.0915
0.0915/ 100 = 9.15%
The interest rate required to get a total amount of $1430.29 from compound interest on a principal of $1000 compounded 2 times per year over 4 years is 9.15% per year.
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True or false: Taxpayers that report average gross receipts of $26 million or less for the three-tax year period ending with the prior tax year must use the accrual method to account for inventory even if they are a cash method taxpayer.
Answers
Can some people give me free adopt me pets? Just put in your user and I'll add u
Answers
Answer:
U can have my fly ride neon unicorn
Explanation:
a manager forecasts that 80 servings of sea bass will be sold today. the manager carried over 15 usable servings of sea bass from yesterday and wishes to maintain a margin of error of 5 servings. what should be the number of sea bass portions produced today? a. 50 b. 70 c. 80 d. 60
Answers
The number of sea bass portions produced today will be 70. To calculate the economic order amount, you'll want the subsequent variables: demand rate, set-up prices, and holding prices.
The formula is EOQ = root of [2(setup prices)(demand rate)] / holding costs]
15+ X=80 + 5
15+X= 85
X=70
A perpetual inventory system permits business house owners to grasp the number of inventory accessible at any time. This permits them to instantly establish once stock is running out and provides them with correct info regarding inventory price and price of products oversubscribed.
Food value proportion is calculated by taking the value of products oversubscribed and dividing that by the revenue or sales generated from that finished dish. The value of unsubscribed products is the quantity of cash you have spent on ingredients and inventory in a given amount – we'll show you how to calculate that, too.
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what is democracy????
Answers
Explanation:
a system of government by the whole population or all the eligible members of a state, typically through elected representatives.
Answer:
A system in which government is selected by the citizens....
Instead of $7,500, how much would the prize need to be so that a risk-neutral person would be indifferent between rolling the die or simply taking the $1,500?
Answers
Because a risk-neutral person is indifferent, pay him with $900
What is Risk Neutral?When an investor or decision maker shows no concern towards the risks whilst making strategic decisions, they are known as risk-neutral.
Such individuals do not analyze potential risks and only pay attention to the expected returns or benefits of their investments or decisions.
This approach does not imply that these individuals take reckless steps or act in a careless manner; instead, they have the ability to evaluate and quantify risks using rational ways based on anticipated outcomes. Risk neutrality usually finds its application in financial modeling and option pricing methodologies.
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how do you wrrite the word pneumonoultramicroscopicsilicovolcanoconiosi aand what does it mean?
Answers
Answer:
Pneumonoultramicroscopicsilicovolcanoconiosis
Explanation:
Pneumonoultramicroscopicsilicovolcanoconiosis is a phrase used to describe a lung condition produced by inhaling silica dust, as in I had difficulty breathing and my doctor diagnosed me with pneumonoultramicroscopicsilicovolcanoconiosis.
Buying one movie ticket online costs $16. 50. Two tickets cost $30. 50. Assuming that the relationship is linear, use the drop down menus to complete the recursive formula, the function to represent the cost c of n tickets bought online, and the domain of the function.
Answers
There is a mathematical structure to the price of movie tickets.
The recursive formula is C(n)= C(n-1) + 14The domain of the function is [0, ∞)Recursive rule: What does it mean?The first term or terms of a sequence are provided by a recursive rule, which then demonstrates how each term connects to the term(s) that came before it using a recursive equation. Recursive descriptions are possible for sequences in mathematics and geometry, for example. Illustration of an arithmetic sequence.
In a recursive formula, any term in a series can be defined by its previous term (s). For illustration: The recursive formula for an arithmetic series is a = an-1 + d. The recursive formula for a geometric series is An = An-1r.
The parameters are as follows:
one movie ticket's price= \(a_{1}\)= 16.50
two movie tickets at the price= \(a_{2}\)= 30.50
(a) The recursive formula
Express 30.50 as 16.50 + 14
\(a_{2}\)= 16.50+ 14
Substitute 16.50 to \(a_{1}\)
\(a_{2}\)= \(a_{1}\) + 14
\(a_{2}\)= \(a_{2-1}\) + 14
\(a_{n}\)= \(a_{n-1}\) + 14
Express as a function
C(n)= C(n-1) + 14
(b) The domain
Tickets sold cannot be less than zero.
the following is the function's domain: [0, ∞)
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Which statement indicates that a personal computer is a good not a service? A. It can be touched. B. It cannot be seen. C. Every computer is different from the last. D. A computer cannot be used twice.
Answers
Answer: it can be touched
Answer: Its A just took the mastery test.
Explanation: please add thanks and mark as brainliest please
Alicia has been working for JMM Corp. for 32 years. Alicia participates in JMM’s defined benefit plan. Under the plan, for every year of service for JMM she is to receive 2 percent of the average salary of her three highest years of compensation from JMM. She retired on January 1, 2019. Before retirement, her annual salary was $570,000, $600,000, and $630,000 for 2016, 2017, and 2018. What is the maximum benefit Alicia can receive in 2019?
Answers
Answer:
$225,000
Explanation:
Alicia's total benefits = (2% x 32 years) x [($570,000 + $600,000 + $630,000) / 3] = 64% x $600,000 = $384,000
but Alicia will not be able to receive the full amount in 2019 since the IRS limits the maximum annual compensation received from a defined benefit plan to $225,000 (for 2019, it increased to $230,000 for 2020 and 2021). So Alicia would only receive $225,000 during 2019.
what is a new product in business
Answers
Answer:
bio
form
Explanation:
According to the speaker, what are the three traditional Gs of growth?
Answers
Answer:
Consistent, Competitive & Profitable.
Explanation:
correct on edge
The three traditional Gs of growth are Growth, Gratitude, and Giving
What is tradition?The standard of a piece of information being discussed is indicated by tradition. For instance, "Homer is said to have been born on the island of Chios, although many other places have historically claimed him as their own." It may never be possible to confirm or deny this custom.
Growth: In other words, if you develop your workforce, your business will do the same. Don't you make an effort to hire employees that are smarter than you Give them an opportunity to succeed while guiding them while they do so.tradition
Gratitude can take many different forms. Your customers conducting business with you, internal promotions, and improving someone. Investing in a better world and receiving assistance in whatever form are both aspects of gratitude.
Giving: is a straightforward conclusion; you give it your all without holding back. Giving is recognizing the need and taking action to provide assistance in any form that is practical. Giving ultimately causes the business world to whirl. If you do it, other people will too. That's how easy it is.
Therefore, Traditional Gs of growth are Growth, Gratitude, and Giving
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Gina is about to use a fire extinguisher on a small fire.
What factor determines the type of extinguisher she
should use?
Answers
1. its primary focus is on the organization as a whole. 2. it contains mostly monetary information, and some nonmonetary information. 3. it focuses mainly on past results. 4. reporting is relatively flexible and without gaap constraints 5. its primary users are outside of the organization.
Answers
these terms describe the characteristics of financial accounting and management accounting.
External financial reporting is a process of presenting financial information of an organization to external parties, such as investors, creditors, regulatory bodies, and the general public. It provides a comprehensive view of an organization's financial performance, position, and cash flows. External financial reporting focuses on the organization as a whole, rather than specific departments or units. It presents mostly monetary information, such as income statements, balance sheets, and cash flow statements, and some nonmonetary information, such as management discussion and analysis (MD&A) and footnotes.
External financial reporting primarily focuses on past results, providing an overview of the organization's financial activities and achievements over a specific period. Reporting is relatively flexible and without Generally Accepted Accounting Principles (GAAP) constraints, meaning that organizations can use different accounting methods and presentation formats. However, most organizations follow established accounting standards and principles to ensure transparency and comparability.
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compare and contrast reference theory of meaning and idea theory of meaning
Answers
Explanation:
Reference theory of meaning is a philosophical thought that believes the meaning of a word or acronym is doing in what it points out in the world. But the idea theory of meaning feels the meaning of a word or acronym lies in the group it represents.
For example, the meaning of the term would be seen as relating to illnesses and viruses as well as number of years from the point of view of idea theory of meaning. While the reference theory of meaning would allude the meaning using proper reference to the illness (Coronavirus) that caused the disease.
TRUE/FALSE. Only those costs that would disappear over time if a segment
were eliminated should be considered traceable costs of the
segment.
Answers
The given statement "Only those costs that would disappear over time if a segment were eliminated should be considered traceable costs of the segment." is a TRUE statement.
Traceable costs are those costs that are incurred directly by a cost object or segment. If the cost item would not exist if a specific segment were eliminated, it is known as traceable costs. These costs are simply linked to a specific segment and are typically viewed as direct costs because they can be easily traced to the cost object.Traceable costs can be directly measured and allocated to a product, process, or business unit.
They are directly related to the particular cost object, and therefore, they disappear when the cost object is eliminated, as stated in the statement. Therefore, the given statement is true.
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position and positioning are TWO important concepts of a
business strategy. explain on these two concepts and they help a
company build its strategies.
Answers
Position and positioning are two important concepts in business strategy. These concepts help a company build its strategies by defining its unique place in the market and creating a competitive advantage.
1. Position:
Position refers to how a company is perceived by its target customers in relation to its competitors. It involves determining the key attributes and benefits that set the company apart from others in the industry. Positioning helps establish a distinct identity and value proposition for the company's products or services. This is achieved by understanding the needs, wants, and preferences of the target market and tailoring the company's offerings to meet those needs better than the competition.
For example, if a company positions itself as a provider of high-quality and luxurious products, it may focus on using premium materials, innovative designs, and superior customer service to differentiate itself from competitors who offer lower-priced alternatives.
2. Positioning:
Positioning, on the other hand, is the process of creating a specific image or perception of a company or its products in the minds of consumers. It involves crafting the marketing messages and communication strategies that effectively communicate the company's unique value proposition to the target market. Effective positioning helps the company stand out and be remembered by customers, thus influencing their buying decisions.
One common positioning strategy is to focus on a specific target market segment. For instance, a company may position itself as the go-to brand for eco-conscious consumers by emphasizing its sustainable practices and environmentally-friendly products.
Overall, position and positioning play crucial roles in helping a company build its strategies by enabling it to differentiate itself from competitors and connect with its target market effectively. By clearly defining its position and effectively implementing its positioning strategies, a company can enhance its competitiveness and drive growth in the market.
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four descriptive terms describing possible experience a person may have
Answers
1) John has had instructors that have improved her coding skills.
2) Adam has traveled to many different parts of the world.
What do personal competencies entail in a job?Personal skills, often known as interpersonal or people skills, are a category of soft skills that deal with how a person communicates and interacts with others as well as their surroundings. It can be more difficult to master personal skills. Some of them are dependability, flexibility, problem-solving, and communication.
To submit an effective job application, you must be aware of these talents and how demonstrate that you have acquired them. Interpersonal aptitude increases approachability, likeability, and comfort. Strong interpersonal communication abilities are a quality that managers strive for when leading their teams. They give employees the impression that they can approach their managers with any issues or worries, which is crucial.
3) Joseph has worked at Apple for 15 years.
4) Mary is a good leader and has a capacity for teamwork.
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The complete question is:
Create a bulleted list of four descriptive terms describing possible experience a person may have in job or business.
Books of ____________ in flanders were used by nobility as prayer books and included psalms and litanies to a variety of saints.
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Books of Hours in Flanders were used by the nobility as prayer books. These books contained psalms and litanies dedicated to various saints.
Books of Hours in Flanders served as important prayer books for the nobility and contained psalms and litanies to a variety of saints. They were personalized, beautifully illuminated, and held great significance in medieval religious life.
Books of Hours were popular in the medieval period and were beautifully illuminated manuscripts. They were personalized for each owner and included prayers, psalms, and other devotional texts.
The psalms in these books were often divided into eight sections, called hours, and were meant to be recited at specific times throughout the day. Each hour had its own set of prayers and readings.
In addition to the Psalms, Books of Hours also included litanies. Litanies are a type of prayer that involves a series of petitions or prayers to saints or other religious figures. They were used to seek intercession or assistance in various aspects of life.
These Books of Hours were often decorated with intricate illustrations and elaborate borders. They were considered valuable possessions and were used as a status symbol by the nobility.
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Bonds are essentially...
A. illegal except for those issued by public utility companies.
B. either common or preferred types of bonds.
C. designed to help prevent trusts.
D. loans to a corporation.
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Answer:
Its D pretty sure
Explanation:
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