What does the business cycle shown on this graph suggest about the condition of the economy at point A?
A. the economy is getting worse and will continue to climb in for another quarter
B. the economy has struggled for some time but is preparing to recover
C. the economy has been well for a while and is at its highest point of the cycle
D. The economy is in a period of growth that will continue for some time
Answers
Answer:
C the Ecenomy has been well for while and is
at its highest piont of the cycle
Explanation:
hope it helps
Answer:
The economy is in a period of growth that will continue for some time
Explanation:
Related Questions
Business Solutions Corporation (BSC) sells business application software—wage, price, and inventory coordinating programs, for example—in different combinations and packages, at different prices, downloadable online. To complete a deal, a purchaser clicks on a button that, with reference to certain terms, states, "I agree." What is this sort of agreement called? Do the parties have a binding, enforceable contract that includes the terms? Explain
Answers
The type of agreement that BSC is using is called a clickwrap agreement. It is a form of online contract where the user is required to click on a button that states "I agree" before being able to use the software.
This agreement is considered binding and enforceable because the purchaser has had the opportunity to review the terms before agreeing to them.
Clickwrap agreements have become increasingly common in the digital age, as they offer a convenient way for companies to obtain consent from users before allowing access to their products or services. In order for the agreement to be legally binding, certain elements must be present, such as mutual assent and consideration.
Overall, BSC's use of a clickwrap agreement is a legally valid way of conducting business online, provided that the terms are clear and the purchaser has the opportunity to review them before agreeing.
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Adjustments to Net Income—Indirect Method
Ripley Corporation’s accumulated depreciation—equipment account increased by $15,325 while $3,800 of patent amortization was recognized between balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a gain of $22,420 from the sale of investments.
Reconcile a net income of $286,900 to net cash flow from operating activities.
$fill in the blank 1
Answers
Ripley Corporation’s accumulated depreciation—equipment account increased by $15,325 while $3,800 of patent amortization was recognized between balance sheet dates.
There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a gain of $22,420 from the sale of investments. We need to reconcile a net income of $286,900 to net cash flow from operating activities using the indirect method.First, we need to find out the total amount of depreciation recognized during the year which is $15,325.Next, add the patent amortization expense to the above amount to get the total depreciation and amortization expense recognized during the year.
$15,325 + $3,800 = $19,125Further, we need to adjust the gain on the sale of investment because it is reported in the income statement, but it is not a part of the operating activities. So, deduct the gain on sale of investment from the net income.$286,900 – $22,420 = $264,480Now, we can reconcile the net income with the net cash flow from operating activities by making adjustments for the above items:Net income: $286,900Add: Total depreciation and amortization expense: $19,125Adjustment for gain on sale of investment: $22,420Deduct the above amounts from net income to get net cash flow from operating activities:$286,900 + $19,125 – $22,420 = $283,605Therefore, the blank would be filled as $283,605.
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nataro, incorporated, has sales of $674,000, costs of $338,000, depreciation expense of $83,000, interest expense of $48,000, and a tax rate of 25 percent. the firm paid out $78,000 in cash dividends. what is the addition to retained earnings?
Answers
The addition to the retained earnings is $75,750.
What are retained earnings?
Retained earnings are described as the total earnings in the form of profits after deducting the payment of the dividends. It is important to mention that the concept is highly important in accounting, and the term retained highlights the number of dividends that a company kept with itself and did not pay to the shareholders.
Given that,
sales = $674,000,
costs = $338,000,
depreciation expense = $83,000
interest expense = $48,000,
Tax rate = 25 percent.
cash dividends = $78,000
Retained earnings = 674,000 - (338,000 + 83,000 +48,000) = 674,000 - 469,000 = 205,000
25% of 205,000 = (25 x 205,000)/100 = 51,250
Hence, 205,000 -51,250 - 78,000 = $75,750
The retained earnings are $75,750
It can be concluded that the added to the retained earnings is $75,750.
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how has technology changed communication over the past decade?
Answers
Answer:
Explanation:
Advancements in technology and changes in communication generally go hand in hand. Landlines displaced the telegraph and cell phones replaced landlines. The arrival of the internet opened new doors of personal communication. E-mails replaced postal mails and social media took the place of text messages
how is the summary worksheet calculated after you?ve made changes to the detail sheets?
Answers
The summary worksheet is calculated automatically based on the changes made to the detail sheets. The formula used to calculate the summary worksheet depends on the specific data and calculations involved in the detail sheets.
The summary worksheet is updated in real-time when changes are made to the detail sheets. The formula used to calculate the summary worksheet takes into account the data and calculations in the detail sheets. For example, if the detail sheets include a sales report, the summary worksheet would use formulas to calculate total sales, average sales, and other relevant metrics. When changes are made to the sales report, such as adding or removing data, the summary worksheet will automatically recalculate the metrics based on the new data.
The summary worksheet is a valuable tool for analyzing data from multiple detail sheets. By automatically calculating key metrics, it allows users to quickly and easily see trends and insights. When making changes to detail sheets, it's important to keep in mind how those changes will affect the calculations in the summary worksheet. By understanding the formulas used to calculate the summary worksheet, users can ensure that it accurately reflects the data in the detail sheets.
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What is the advantage of investing early for retirement?
Answers
Answer:
The more you invest in the earlier you start means your retirement savings will have that much more time and potential to grow by investing early and staying invested you may be able to take advantage of compound earnings
One of the main advantages of investing early for retirement is the power of compound interest.
What is the advantage of investing early for retirement?
Compound interest is the interest that is earned on both the initial investment and on any interest or returns earned in previous periods.
When you start investing early, you have more time for your investments to grow and compound over time.
This can result in significant returns over the long term, allowing you to accumulate more wealth for retirement.
Additionally, starting to invest early allows you to take advantage of the potential for higher returns offered by riskier investments, such as stocks, because you have more time to recover from any temporary losses.
Overall, investing early can help you achieve your retirement goals more easily and with less financial stress.
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Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
Answers
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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Which of the following borrowing options would cost her the least? Credit card. Personal loan at bank. Student loan. Payday loan.
Answers
Answer:
Explanation:
The student loan is set up to have a very low interest rate. They are mostly in the 2 to 3 % range if you qualify. The worst is a payday loan. Those have double digit rates associated with them.
The problem of dilution never arises with call options, but it can arise with warrants.(True/False)
Answers
False. The problem of dilution can arise with both call options and warrants. Dilution occurs when a company issues additional shares of stock, which can decrease the value of existing shares and dilute the ownership stake of current shareholders.
When call options are exercised, new shares of stock are issued, which can result in dilution. Similarly, when warrants are exercised, new shares of stock are issued, which can also result in dilution. The difference between call options and warrants is that warrants are typically issued by the company itself, while call options are traded among investors. This means that the company has more control over the terms of the warrants and can potentially structure them in a way that could lead to greater dilution for existing shareholders. We can say that dilution is a critical issue for investors as it can impact the value of their investment. It is important for investors to carefully consider the terms of any investment instrument, including call options and warrants, to understand the potential risks associated with dilution.
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Which of the following changes will make the value of a stock go up, other things being held constant?Answer a. The required return decreases. b. The required return increases. c. In general, investors become more risk averse. d. The growth rate of dividends decreases
Answers
The value of a stock is likely to go up if the required return decreases or if investors become more risk averse.
The value of a stock is determined by various factors, including the required return and investor sentiment. When the required return on a stock decreases (option a), it means that investors are demanding a lower rate of return to hold that stock. This reduction in required return makes the stock more attractive, increasing its value.
Similarly, when investors become more risk averse (option c), they are more cautious and seek safer investment options. As a result, they may shift their investments towards less risky assets, including certain stocks that are perceived as less volatile. This increased demand for safer investments can drive up the value of those stocks.
On the other hand, an increase in the required return (option b) would decrease the attractiveness of the stock, potentially leading to a decrease in its value. Likewise, a decrease in the growth rate of dividends (option d) might reduce the future income potential associated with the stock, resulting in a potential decrease in its value.
Overall, changes in the required return and investor risk aversion can significantly impact the value of a stock, with a decrease in the required return or an increase in risk aversion generally causing the stock's value to go up.
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True or False: according to our lecture, doing research into industry trends is one way for a professional sales representative to position his/herself as an "equal" in a sales meeting
Answers
Dr. Ibrahim Khan caused an automobile accident in which a fellow physician, Dolly Yusufji, became a quadriplegic. Khan signed a contract to support her for life. When he refused to make payments under the contract, she sued him and obtained a judgment for $1,205,400. Khan filed a Chapter 11 petition. At the time of the bankruptcy hearing, five years after the accident, Khan had not paid Yusufji anything. She was dependent on a motorized wheelchair; he drove a Rolls-Royce. Is Khan’s debt dischargeable under Chapter 11?
Answers
In general, debts arising from willful or malicious injury to another person or their property are not dischargeable in bankruptcy under Section 523(a)(6) of the Bankruptcy Code.
In this case, Dr. Ibrahim Khan was involved in a car accident and Dolly Yusufji became a paraplegic and he signed a contract to support her for life, but there was no payment under the contract. sued and received a judgment of $1,205,400.
Based on these facts, it seems likely that the debt owed to Yusufji would be considered a debt arising from willful or malicious injury to another person, and thus not dischargeable in bankruptcy. This would mean that even if Khan filed for Chapter 11 bankruptcy, he would still be obligated to pay the debt owed to Yusufji.
However, whether or not the debt is dischargeable may depend on the specific facts of the case and the interpretation of the bankruptcy court. If Khan can demonstrate that the debt is not actually for willful or malicious injury, or if he can show that he has made good-faith efforts to pay the debt or that discharging the debt would not cause undue hardship to Yusufji, the court may consider discharging the debt. Ultimately, the bankruptcy court would need to review the case and make a determination based on the specific facts and circumstances involved.
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maria is in school learning to be a welder. she spends long hours studying (and drinking coffee) and long hours practicing in the hot, dirty shop (and therefore takes frequent showers). maria has $70.00 per month to spend on the soap and coffee she needs to function properly. in the accompanying graph, move the bc line to correctly depict maria's budget constraint, assuming the soap costs $3.50 per bottle, and the coffee costs $14.00 per pound. if a point will not go where you want to put it, try placing the other endpoint there. then choose the best description of the lettered points according to whether they describe baskets of goods that are unaffordable, affordable and exhaust maria's budget, or affordable with money left over.
Answers
The best description of the lettered points (as attached as picture) goes as thus:
Unaffordable:
BDHAffordable and exhausts Wendy's budget:
CEAffordable with money left over:
AFGWhat is an budget?In economics, a budget refers to an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. It can be made for an individual, group of people, business or government makes and spends money.
To manage monthly expenses, prepare for unpredictable events and able to afford big-ticket items without going into debt, budgeting is very important. The act of keeping track of how much you earn and spend does not have to be drudgery, does not require you to be good at math, and does not mean you can't buy the things you want, rather, its means that you'll know where your money goes and have greater control over your finances.
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*You have a company's balance sheet, its income statement, and its statement of cash flows. Which would you refer to if you wanted to know if a company made or lost money last year? If you wanted to find out how much debt the firm had used to finance its assets? If you wanted to know why its cash balance had changed over the past year?
Answers
If I wanted to find out how much debt the firm had used to finance its assets I would refer to the balance sheet.
If I wanted to know why it’s cash balance had changed over the past year I would refer to the cash flow statement.
Which of the following is a difference between the concept development
stage and the product development stage?
A. In the product development stage, an actual functional product is
produced, but in the concept development stage only a prototype
is produced.
B. In the concept development stage, an actual functional product is
produced, but in the product development stage only a prototype
is produced
c. In the concept development stage, the product is launched to the
entire target market, but in the product development stage only
focus groups are exposed to the product mock-ups.
O D. In the product development stage, sample advertisements are
developed, but in the concept development stage a full promotion
campaign is launched.
Answers
Answer:
A
Explanation:
A product development is the introduction of new product to consumers or improving an existing product to meet customer satisfaction and gain a larger share.In order to achieve this , series of steps like planning , development evaluation and assessment are observed
Concept development is a pre - development stage where the prototypes of a good are developed in various alternatives to test run the market in order to evaluate consumers responses.
The outcome of a product development stage is the actual functional product while prototypes alone are produced in the concept development stage.
Answer:
a
Explanation:
hope it helps gggvhsejhpdotsoh
When can cool product
be combined with other cool product
Answers
Answer:
In what ways are COOL commodities covered? COOL information must be provided at the point of sale for covered commodities. We offer fresh and frozen fruits and vegetables; wild & farm-raised fish and shellfish; muscle cut and ground chicken, lamb, and goat meat; raw peanuts, pecans, and macadamia nuts; and ginseng.
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Which of the following statements about the Web is not true?A) The Web is the technology upon which the Internet is based.B) The Web was the original "killer app."C) The Web provides access to pages written in HyperText Markup Language.D) The Web is both a communications infrastructure and an information storage system.
Answers
The statement that is not true about Web is B) The Web was the original "killer app." While the Web is an incredibly popular and influential application of the Internet, it was not the original "killer app."
The term "killer app" refers to a software application or technology that is so compelling that it drives widespread adoption of a particular platform or technology.
In the case of the Internet, the original "killer app" was email. Email was the first widely used application that provided a compelling reason for individuals and organizations to connect to the Internet.
Before the Web, email was the primary way that people communicated and shared information online. The Web, however, quickly became another important application that drove the growth and development of the Internet.
It provided a way to access and share information in a user-friendly and visually appealing way, and it helped to popularize the use of the Internet for e-commerce, social networking, and other purposes.
Overall, while the Web was not the original "killer app" of the Internet, it has certainly played a significant role in shaping the way we use and interact with the online world.
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When an employer takes the time to explain a mistake you have made and provides suggestions for avoiding that same mistake in the future, the employer is offering _____.
constructive criticism
verbal warning
destructive criticism
discipline
Answers
Answer:
conatructive critcism
Explanation:
they are critisming you so you can do better
What are three ways to make money through investing in real estate?
Answers
Answer:
There are three primary ways investors could potentially make money from real estate: An increase in property value. Rental income collected by leasing out the property to tenants.
Answer: By a sudden positive change in the economy, by renting out residences or land to customers, or by being smart about when and how the properties are put up for sale or rent
Explanation:
a farmer is taking out a 10-year loan of $25,000 with equal principal annual payments with an interest rate 12%. inflation rate is expected to be 4% per year. what is the interest payment in the third year? group of answer choices
Answers
A farmer took out a 10-year $25,000 loan with fully amortized monthly payments and an interest rate of 12%. Inflation is expected to be 4% per year. The third year's interest payment would be $358.68.
What is Amortization?Amortization is the repayment of a debt in equal installments over a period of time. Part of each payment goes towards the loan amount and part towards the interest. As the loan is amortized, the principal starts small and increases each month.
What does Amortized payment mean?In lending, amortization refers to the spread of loan repayments over time. The fixed portion of the Fixed Equal Monthly Installment (EMI) pays monthly interest on the first payment stage of an amortizing loan, and the remainder pays principal.
How to calculate the amortized monthly payment?From the first month, take the total loan amount and multiply by the loan interest rate. Then, for loans with monthly payments, divide the result by 12 to get the monthly interest. After deducting the interest from the total monthly payment, the remainder is the principal.
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EXAMPLE 1: invests $500 at a simple
interest rate of 6%. How much interest will he earn in
one month? In six months? In one year?
Answers
Six months: $180
One year: $360
How did common law develop?
Answers
Answer:
Origin of common law
The English common law originated in the early middle ages in the King's court. It did not have substantive rights but it consisted of procedural remedies. Until the 19th century, the English common law continued to be developed primarily by the judges rather than the legislature.
Capacity planning requires demand forecasts for an extended period of time. Forecast accuracy tends to _______ as the forecasting horizon _______.
Answers
Explanation—It is harder to forecast for a long time in the future…accuracy would be worse in long term.
It Takes a Village!
Required Materials
Word processing software
Have you ever heard of an all-inclusive vacation? There are some resorts that offer everything—hotel, food, entertainment, and tours. What about the huge floating resorts that many have found appealing—cruises? To make these operations run smoothly and allow guests to have the best getaway experience they can, many different jobs are required. Most of these jobs can be found in the career clusters we learned about in our unit.
In this activity, you will pick one type of all-inclusive vacation. Research an example of the vacation destination you have in mind and list the amenities that are offered. See if you can identify at least two careers from the Arts, AV Technology & Communication Cluster and two from the Hospitality & Tourism Cluster that all work together in this resort. For each one of your four careers, take a few minutes to research more about the role they play, as well as what a person would need to do to get started in this career path. Let's consult our handy reference, the Bureau of Labor Statistics' Occupational Outlook Handbook, once again to find more information. This time check out the headings “How to Become One,” “Pay,” and “Job Outlook” for each career you choose.
Once you have gathered the career information on the professionals you might find in your all-inclusive resort, it’s time to put your research to use. You will create a flyer for your resort, introducing guests to each person who will play a part in making their stay memorable. On your flyer, include a name (you can make one up) and title for each person. Explain in one paragraph under their name a little bit about what they do at the resort. Under that paragraph, include a paragraph with a quick (imaginary) biography that showcases the person’s education and career path.
Do your best to make your flyer fun and appealing so that guests will immediately feel right at home, knowing that their vacation is in the hands of some of the best professionals in the business!
Your flyer should include the following elements:
Employees who represent two careers from the Arts, AV Technology & Communication Cluster
Employees who represent two careers from the Hospitality & Tourism Center
One paragraph under each explaining the job duties of the employee
One paragraph under each with a short bio of the employee
Answers
These are the flyers about the all-inclusive vacation employees:
Lucy AdamsShe's the singer of our cruise! You will enjoy her beautiful voice every night of your holiday and have a great time listening to the best songs you can think of!
Lucy is a professional singer who sings in three different languages: English, Spanish and Italian. She's the best one out here in the sea! Don't miss her!
Tom DíazHe's the chief animator of our cruise! He's the one in charge of making you have your best vacation! You will laugh with his jokes and enjoy the day next to the pool playing games with him and the rest of the amazing team.
Tom has been working in the entertainment industry for many years now. He is a comedian so he will know how to make you laugh!
Penelope SmithShe's the best tourist guide in this cruise! She can explain to you what you do in the places where the cruise stops. You can't miss her recommendations!
Penelope has studied tourism and she knows how to make your trip the best one! She has been to all the places we will visit with the cruise so you can ask her for advice whenever you need.
John HarriesHe's the best chef you can find! You can find John in the purple restaurant where you can try the best food you have ever eaten. He specializes in pasta, so you can't miss the Italian night in the cruise!
John is a professional chef with many years of experience on board. He has lived many years in Italy where he learnt everything about the culture and flavors that he applies to his dishes.
How do you solve writing exercises?To complete writing exercises in English, you have to do a research of the topic you are going to write about first. In this case, you have to select four jobs that are available to do in all-inclusive holidays and then write flyers with specific information about the people who do these jobs.
In writing exercises, it is important to use key words and organise your information so it is easier for the reader to understand.
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Summarize and justify alternative scenarios (i.e., compelling stories about the future) ranging from pessimistic to optimistic regarding the market performance of remote telepresence robots (RTU).
Develop forecasts of robotic telepresence penetration in the U.S. market from 2017 to 2026 along with a justification and explanation for your forecasts based on one or more scenarios you developed. (In applying the Bass model, note that market penetration data for the three analog products mentioned in the case, namely, fax machines, LinkedIn, and 3D printers, were all reckoned in terms of the percentage of the target market that adopted the product. Thus, the maximum market potential can be set to 100 for developing the forecasts).
Recommend short-term and long-term strategies that Microsoft should pursue based on the forecasts that you develop.
Answers
Analyze market scenarios, forecast robotic telepresence penetration, and recommend strategies for Microsoft based on the forecasts.
Develop a forecast for the market penetration of electric vehicles in the United States for the next 10 years, and recommend strategies for automakers based on the forecast?The task you've presented involves the development of alternative scenarios for the market performance of remote telepresence robots (RTU) and the creation of forecasts for robotic telepresence penetration in the U.S. market from 2017 to 2026.
It also requires the justification and explanation of these forecasts based on the scenarios developed. Additionally, you request the recommendation of short-term and long-term strategies for Microsoft based on the forecasts.
To accomplish this, one would need to conduct extensive research and analysis of the market trends, technological advancements, consumer preferences, and other relevant factors that impact the adoption of remote telepresence robots.
The development of alternative scenarios would involve constructing compelling stories that range from pessimistic to optimistic outcomes, considering various factors such as regulatory environment, competition, customer acceptance, and economic conditions.
Next, forecasting the robotic telepresence penetration would require the utilization of forecasting models such as the Bass model, which takes into account the adoption rate and market potential.
The justification for the forecasts would involve linking the scenarios to the specific market conditions and explaining how each scenario impacts the adoption and penetration of remote telepresence robots.
Based on the forecasts and understanding of the market dynamics, short-term and long-term strategies can be recommended for Microsoft.
These strategies would need to align with the projected growth and market trends, considering factors like product development, marketing, partnerships, and customer engagement.
Overall, conducting a thorough analysis, utilizing forecasting models, and considering various scenarios would be essential in providing a comprehensive and justified understanding of the market performance of remote telepresence robots and formulating appropriate strategies for Microsoft.
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QUE ES UN CHOQUE ELECTRO SEVERO
RAPIDO RAPIDO AYUDA POR FAVOR
ES DE ELTRICIDAD PERO LE PUSE ESA MATERIA PORFAVOR AYUDAME
Answers
Answer:
un choque electro es un choque electrico
character is understanding the interests of others, cultivating a sense of community, and demonstrating accountability.
Answers
Character is understanding the interests of others, cultivating a sense of community, and demonstrating accountability. These three characteristics define the concept of character. The following are the characteristics of character:
Trustworthiness: A trustworthy person is one who is honest, has integrity, and is reliable. Respect: Respect is treating others with kindness and dignity. Responsibility: Responsibility is taking responsibility for one's actions, being accountable for one's actions, and making good decisions. Fairness: Fairness is treating everyone equally and not allowing personal biases to influence decisions or actions. Caring: Caring is being empathetic towards others, showing compassion, and helping others. Citizenship: Citizenship involves being an active member of one's community and contributing to its betterment.
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In job enrichment, ________ is the degree to which a job requires a variety of different skills, talents, and activities from the worker.
Answers
In job enrichment, skill variety is the degree to which a job requires a variety of different skills, talents, and activities from the worker.
A person or thing that usually works in a particular job. good worker. Researcher. 2. An employee within an organization, as opposed to an employer or manager.
The definition of worker is a person or animal that performs a particular or required task or performs a task in a particular manner. A person who works in a store is an example of a retail employee. An example of a diligent person is someone who spends long hours and diligently on their homework.
"1. A person who does a particular kind of work or works in a particular way. 2. Employees, especially those engaged in manual or non-administrative activities.
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the records of alberta incorporated included the following information: cost of goods sold $ 1,900,000 beginning inventory 445,000 ending inventory 485,000 what is the inventory turnover ratio?
Answers
The formula for inventory turnover ratio is Inventory turnover ratio = Cost of goods sold / Average inventory. The inventory turnover ratio for this problem is 4.08.
What is inventory turnover?Inventory turnover is a financial measure that indicates how often a company turns inventory relative to its cost of goods sold (COGS) over a period of time.
You can divide the number of days in a period (usually a fiscal year) by the inventory turnover rate to get the average number of days it takes a company to sell its inventory.
Businesses can use inventory turns to improve pricing, manufacturing, marketing, and purchasing decisions.
This is one efficiency metric used to measure how well a company is using its resources.
Low inventory turns can indicate slow sales or too much inventory. On the other hand, high inventory turnover indicates good sales. There may also be an impact of out of stock.
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.