If actual sales are $1,500,000 in the current year, the forecasted sales for the lock it in the coming year.
The objective is to write equation 2 in the form Y = a + bx .
Denote the total cost by Y.
Assume that the fixed cost is given by a and that is equal to $1,000,000
Assume that the variable rate per unit is given by b = 0.00001
The total number of variables is x.
Hence, equation 2 can be written as,
Y = $1,000,000+ 0.00001x
The objective is to write equation 4 in the form Y = a + bx.
Denote the total cost by Y.
Assume that the fixed cost is given by a and that is equal to $600,000
Assume that the variable rate per unit is b.
Let locker net income is x₁,1 forecasted U.S. gross domestic product is x, and the Actual U.S.
gross domestic product is x3
Forecasting is the process of making predictions based on past and current data. Later you can compare these to what is actually happening. For example, a company may estimate revenue for the next year and compare it to actual results. Forecasting is a similar but more general term.
Forecasting is the process of projecting past sales demand into the future. By implementing a forecasting system, you can quickly assess current market trends and sales and make informed operational decisions. You can use forecasts to make planning decisions regarding: A sales forecast is a representation of an expected sales amount. A sales forecast estimates the amount a company plans to sell within a specific period of time (such as a quarter or a year). The best sales forecasts do this with a high degree of accuracy.
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An individual’s right to do something may be restricted on the grounds that it runs counter to ""the good of society"" when the political system emphasizes.
A person's freedom to do something might be limited if collectivism is prioritised on the grounds that it is against "the good of society." The core idea of collectivism is that a society should be built on the principles of individual economic and political freedom.
What is Collectivism?
Any of a number of social structures known as collectivism view the individual as being subject to a larger social collectivity, such as a state, country, race, or social class. Individualism (q.v. ), which emphasises the rights and interests of the person, can be contrasted with collectivism.
Du contrat social, written by Jean-Jacques Rousseau in 1762 (see social contract), is the first contemporary, significant exposition of collectivist beliefs in the West. It makes the case that an individual may only achieve his true self and freedom by submitting to the "general will" of the society. Beginning in the early 1800s, German philosopher G.W.F. Hegel claimed that the nation-state, which to him was the purest manifestation of social morality, was the only place where an individual might achieve his full being and freedom. In the introduction to his Contribution to the Critique of Political Economy, Karl Marx later gave the clearest explanation of the collectivist perspective on the importance of social interaction: In his essay, he said that "men's social being dictates their awareness, not their consciousness itself."
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According to the revenue recognition principle, revenue is to be recognized when:____.
According to the accrual accounting revenue recognition concept, revenues must be recognized when they are earned and realized rather than when cash is received.
A generally accepted accounting standard (GAAP) called revenue recognition specifies the particular circumstances under which revenue is recognized and how to account for it. When a significant event occurs, revenue is typically realized, and the corporation can simply quantify the financial amount. The foundation of any corporate performance is revenue. The sale is the keystone. Regulators are aware of how alluring it may be for businesses to stretch the boundaries of what constitutes income, particularly when not all cash is collected until the task is finished.
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Twin oaks uses ________ to communicate to customers the value of the brands it represents because it believes it to be the most important type of marketing.
Twin Oaks uses word-of-mouth marketing, which it considers to be the most significant form of advertising, to let customers know how valuable the companies it represents are.
phrase-of-mouth advertising is crucial since it works to reinforce income, advertise items and services, boost logo awareness, and domesticate a devoted purchaser base. Many groups use tactics to inspire clients to percentage quality reviews and suggest their offerings and/or merchandise. corporations essentially act as the spark that ignites a flurry of client communique, and given that research display that most of the people of human beings accept as true with the critiques of buddies and family, relying on phrase-of-mouth advertising can be greater high-quality and cost-powerful than different types of advertising and marketing.advertising and marketing strategies used by corporations to encourage customers to express their levels of satisfaction with their offerings or items are called phrase-of-mouth advertising. those tactics include gifts, competitions, and subsidized influencers.
emblem loyalty programs reward customers for returning commercial enterprise and offer them with forums to express consumer remarks.
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Trade company accepted a credit card with a fee for services rendered. this event affects trade company's ______.
Trade company accepted a credit card with a fee for services rendered. this event affects trade company's income statement, statement of changes in stockholders equity, balance sheet.
Income statementThe event tend to affect income statement because both service revenue as well as credit card expense appear on the income statement.
The event tend to affect statement of changes in stockholders equity because net income is affected by the income and expenditure and it will affect balance sheet because accounts receivable appears on the balance sheet.
Therefore Trade company accepted a credit card with a fee for services rendered. this event affects trade company's income statement, statement of changes in stockholders equity, balance sheet.
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Harley+purchased+a+set+of+pens.+including+the+3%+sales+tax,+harley+payed+$12.40.+how+much+was+the+set+of+pens+before+tax?
Harley purchased a set of pens including the 3% sales tax, Harley paid $12.4. The set of pens before tax is $12.77.
What is sales tax?A sales tax is a fee that consumers must pay to a governing body when purchasing specific goods and services. The consumer can typically be asked to pay the tax at the time of purchase under most legal provisions.
Typically referred to as a use tax, this tax is imposed on goods or services and is paid by the customer directly to the government. Frequently, laws specify that some products or services, like food, education, and medicine, are exempt from sales and use tax. Sales taxes are connected to value-added taxes (VAT) that are levied on products and services. For an overview of the main differences, see Sales Tax Comparison.
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The competitive situation where at&t, mci, and sprint control approximately 80 percent of the international long-distance telephone market is called?
The competitive situation where at&t, mci, and sprint control approximately 80 percent of the international long-distance telephone market is called "Oligopoly"
What is Telemarketing?
Telemarketing is the practise of selling products or services directly to prospective clients over the phone, the internet, or fax. Telemarketers or, increasingly, automated phone calls, or "robocalls," can conduct telemarketing. A growing backlash against this form of direct marketing has been sparked by tales of telephone scams and fraud as well as the intrusiveness of telemarketing. Other names for telemarketing include "telesales" and "inside sales." The act of calling, screening, and approaching new clients is known as telemarketing. The use of direct mail marketing strategies is excluded. In addition to call centres and offices, homes are increasingly being used for telemarketing. Telemarketing frequently entails a single contact to gauge interest or suitability, followed by several calls to drive a sale.
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Inventory control would be an example of what decieison structure by what level of mangamgent?
Inventory control would be an example of what decision structure by Process monitoring/control level of management.
The Process Monitoring and Control System enables you to continually watch and record several data streams from various points throughout your operation and then transform that data into useful information. It also enables you to monitor and control your process variables.
Process monitoring is a part of a program's overall evaluation. Systematically addressing issues regarding a social program is part of program assessment. School feeding programs, community job training programs, and outpatient treatments provided by a community health care institution are a few examples of social programs.
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True or false: organizations that exhibit a high ethical culture discourage employees from acting with integrity and adhering to business value
It is a false statement that an organizations that exhibit a high ethical culture discourage employees from acting with integrity and adhering to business value.
What is an ethical culture?It means the set of experiences and expectations of managers and employees about how their organization encourages them to behave ethically or unethically.
The importance of ethical culture is to influences the moral judgment of employees and stakeholders; and this create a strong ethical culture that motivate everyone to speak and act with honesty and integrity.
Therefore, it is a false statement that an organizations that exhibit a high ethical culture discourage employees from acting with integrity and adhering to business value.
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Identify a statement that summarizes the changing perception of leadership today.
Every individual with the potential to make a difference has the challenge and responsibility of leadership.
This is further explained below.
What is Leadership?Generally, A person's, group's, or organization's ability to "lead," influence, or direct other people, teams, or entire organizations is included in the definition of leadership as a study topic as well as a practical competence.
This aspect of leadership can be possessed by an individual, a group, or an organization. Both of these settings are appropriate places to consider leadership.
The idea of "leadership" is often seen as one that is fraught with controversy.
In conclusion, Every individual who has the ability to affect change is obligated to take on the responsibility of leadership since it is both an assignment and a duty.
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Alice+hall+made+a+$3,000+down+payment+on+a+new+ford+explorer+wagon.+she+still+owes+90%+of+the+selling+price.+what+was+the+selling+price+of+the+wagon?
The fact that she still owes 90% of the selling price, means that she just paid 10%, and these 10% make $3000.
Therefore, the total price is 10 times of $3000, i.e, $30,000
What is meant by selling price ?
The selling price of a good or service is the final cost to the seller, or what the buyer actually pays. A commodity or service in a specific amount, weight, or measurement can be exchanged.
It is one of the most crucial things for a business to decide. It is significant since it determines whether or not it will survive. Sales of a product are directly impacted by its price.
That price might be set at a minimum, maximum, or an average of the two. Prices can be set based on location, demand, market, and the time of year or season. Another smart move is to observe what our rivals are doing.
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A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a:_________
A user market is one where tenants bargain rent and other conditions with property owners or their managers.
What are Business User Markets?Several other user markets also make purchases, either for their own consumption or with the goal of redistribution to others, in addition to selling finished goods and services to supply chain organizations. When making these purchases, the buyer typically does not significantly alter the goods from their original state. Although technically these markets are also a component of the supply chain, the majority of business users do not actively participate in or directly support production.
Any method that lets customers get involved in a marketing effort is known as user-generated marketing. User-generated marketing is just as much a kind of public relations as anything else because it gives a target audience a more participatory and interesting experience.
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Suppose that goods a and b are close substitutes. if the price of good a falls, then we would expect an?
When there are two substitutes goods a and b, if the price of good a falls, then we would expect an increase in the demand for good a and decrease in the demand for good b.
Substitute goods are those goods that can be used by consumers as alternative goods. Consumers use these goods and shift between these goods when the price rises and falls. When the price of good a is decreased or falls then the demand increases for good a and demand for good b will be decreased.
An example of substitute goods is milk packs produced by different companies. When a company decreases the price, consumers tend to favor buying this good. If the price rises then customers switch to other substitute goods that offer the lowest price.
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When phenomenological researcher record their thoughts and reactions to the research process, participant responses, and participants non-verbals, they are engaging in what is best known as:______.
Observations are what phenomenological researchers do when they write down their feelings and emotions about the study process, participant replies, and participant non-verbals.
Phenomenology is the have a look at of experience from the attitude of the man or woman, "bracketing" presumptions that are commonly widespread and traditional strategies of experiencing. The perception gained from an objectifying third-man or woman perspective is not so good as observation from a phenomenological attitude. as a substitute, one pays interest to someone's physiological manifestations of his or her subjective revel in, including his or her desires, intentions, or emotions, via remark.
Researchers that utilize phenomenological have a look at design adopt the assumption that people interpret their experiences in phrases of a not unusual structure or essence. For the reason of elucidating the essence of the event underneath inquiry, they interpret the contributors' emotions, perceptions, and ideals.
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Debra notes that theo chocolate has started holding its own operations to the same imo standards of fair trade to which it holds its suppliers. This type of behavior encourages more ethical decision-making by sends a powerful message to employees and customers. True or false?.
Debra points out that Theo Chocolate has begun holding its internal operations to the same fair trade standards that it holds its suppliers to. This type of behavior encourages more ethical decision-making by sending a powerful message to employees and customers is a True Statement.
Making ethical decisions is founded on fundamental character traits including reliability, commitment, respect, justice, compassion, and good citizenship. Ethical judgments lead to ethical activities, which serve as the cornerstone of ethical business operations.
For instance, we can state that it is ethically required of parents to provide for their children, both because doing so is right and because not doing so is immoral. Without parental care, the children would struggle and eventually pass away.
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Employees at southwest airlines donate volunteer hours to ronald mcdonald houses throughout the united states. this is an example of a (an) ________ program.
When employees at southwest airlines donate volunteer hours to Ronald Mcdonald houses throughout the United states, this is an example of a CSR program.
What is CSR?CSR is abbreviation for corporate social responsibility and it can be defined as a business organization's (company's) obligation to act in a manner that benefits and adds significant value to the society and the people living in the environment where it operates, and usually as it conduct its business operations.
Basically, corporate social responsibility (CSR) is typically focused on improving the society through any positive and beneficial means possible.
In this context, we can reasonably infer and logically deduce that when employees at southwest airlines donate volunteer hours to Ronald Mcdonald houses throughout the United states of America, this is an example of a corporate social responsibility (CSR) program.
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Which time-series forecasting method works best if the company assumes that product demand will stay fairly steady over time?
Moving average in time-series forecasting method works best if the company assumes that product demand will stay fairly steady over time.
What is the significance of moving average in time series forecasting?Moving averages are a simple and common type of smoothing that is mainly used in time series analysis and time series forecasting.
A moving average refers to a series of averages, calculated from historic data. It can be calculated for any number of time periods such as three-month moving average, a seven-day moving average etc.
Basically, moving average depicts that the current value is linearly dependent on the current and past error terms.
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Customers have more power when a product is sold in the ______ market
Customers have more power when a product is sold in the open market
What is an open market?An open market can be defined as the market were the price of goods and service is determine by the market competition which in turn means that price of goods and service are not determine or control by the government.
In this type of market customers have more power because they have to power to do and undo when it comes to market price or the price they want to buy their product.
Therefore Customers have more power when a product is sold in the open market
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By enacting economic reform, education expansion, and railroad construction, reconstruction governments delayed settling the issue of?
By enacting economic reform, education expansion, and railroad construction, reconstruction governments delayed settling the issue of Land distribution.
A standard definition of economics might describe it as a social science focused on the satisfaction of needs and desires through the allocation of scarce resources with alternative uses. Economics can be said to be the study of scarcity and choice.
A standard definition of economics might describe it as: a social science focused on the satisfaction of needs and desires through the allocation of scarce resources with alternative uses. Economics can be said to be the study of scarcity and choice. Economic theory is a set of ideas and principles outlining how different economies work. Depending on their specific role, economists can use theory for different purposes.
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Identify at least three ways in which kendra scott sought to differentiate itself from rival jewelry firms.
Three factors that Kendra Scott used to set itself apart from competing jewelry companies were offering a broad variety of services, being an online-only retailer, and appealing to the individual tastes of its clients.
What is retail jewelry?A jewelry store, or jewelry store in American English, is a type of retail business that focuses on buying and selling jewels and timepieces. Jewelry stores offer a wide range of services, including designing, manufacture, remodeling, and repairs. The most prevalent kind of jewelers are bench jewelers, sometimes referred to as metalsmiths, silversmiths, goldsmiths, and platinumsmiths. They are skilled in a variety of areas. Typically, they do a variety of activities, from straightforward jewelry cleaning and repair to creating molds and pieces from scratch. A jeweler is a business that manufactures, sells, and fixes jewelry and watches.
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Your car has a market value of $4,000, while the balance of the loan against it is now $2,500. your ownership interest in the car is:
In a situation where the market value of a car is $4,000, whereas the balance of the loan against the car $2,500, then the total ownership interest in the car for the owner of the car will be $1,500. Therefore, the option A holds true.
What is the significance of ownership interest?The ownership interest for an individual or owner can be ascertained by the total amount that has been paid by an owner to the creditor who helped in purchase of such asset.
In the case given above, the ownership interest will be,
Ownership Interest = Market Value - Loan Balance
Ownership Interest = 4000 - 2500
Ownership Interest = $1,500
Therefore, the option A holds true and states regarding the significance of ownership interest.
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The missing options to the incomplete question have been added below.
Your car has a market value of $4,000, while the balance of the loan against it is now $2,500. Your ownership interest in the car is:
A. 1500 B. 2500 C. 4000 D. 6500
Select the things are considered psychological influences on the purchase decision process?
The things are considered psychological influences on the purchase decision process:
learningvaluebeliefsattitudesWhat is referred to as the purchase decision?This is the term that is used to refer to all of the ways that the person that would have to use a product would end up getting the product that they want to fulfill a particular need. It is what can be used to describe the drivers of their purchases.
In the stage of making a purchase decision. the person that is the consumer would have formed the intention that they want to buy a particular brand of product. This is the fourth stage that is is the consumer decision process.
Hence we can say that the things are considered psychological influences on the purchase decision process:
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Gross profit and income from operations are reported on a multiple-step but not on a single-step income statement. True or false
This is true! Gross profit and income from operations are not on a single-step income statement. Instead, they are reported on a multiple-step.
A company's net income is determined by adding together two significant subtotals in a multiple-step income statement:
Subtotal for a business that sells products is the amount of gross profitThe quantity of operating incomeThe single-step income statement is a different structure for an income statement that starts with operating revenues, nonoperating revenues, and gains before moving on to operating expenses, nonoperating expenses, and losses.
Multiple-Step Income Statement would look like this:
Net Sales 0.00
Cost of Sales 0.00
Gross Profit 0.00
SG&A Expense 0.00
Operating Inc. 0.00
Investment Inc. 0.00
Interest Expense (0.00)
Loss on Sales (0.00)
Net Income 0.00
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Randy produces rubber gaskets for model airplane engines, and his strategy focuses on being the lowest cost provider for this market. what competitive strategy is randy employing?
The competitive strategy used by the Randy is Cost focus techniques.
What is Competitive Strategy?A competitive strategy refers to the strategy used by the businessman and the companies in order to earn competitive advantage over the others. It is the set of techniques and policies used by the company to improve its competitive position.
There are three types of the competitive strategy that is : Cost Leadership, Differentiation and Focus. In this Cost focus, strategy refers to the technique in which the competition is made on the basis of the lower cost to attract the customers.
Therefore, it can be concluded that Cost focus techniques are used in the above scenario.
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Paul pierce is busy working with other managers evaluating the products and businesses making up their company. paul is engaged in ________.
Paul Pierce is occupied assessing the firms and items that make up their corporation alongside other management. Paul is analyzing his Portfolio Analysis.
Portfolio Analysis is one of the areas of investment management that allows market participants to analyze and assess the performance of a portfolio (equities, bonds, alternative investments, etc.) with the goal of measuring performance on a relative and absolute basis, as well as its associated risks, and also measures how likely it is of meeting the goals and objectives of a given investment mandate. A corporation that sells a variety of goods and services must perform a portfolio analysis on a regular basis. This entails examining each product independently in terms of its profitability, contribution to revenue, and room for expansion. The identification of items that are not at all lucrative or perform poorly within the group is made easier by this study.
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Consider the supply curve for basketballs. Other things held constant, if the price of basketballs goes up from $7. 99 to $14. 99, what can we expect from suppliers of basketballs as a result?.
There will be an increase in quantity supplied. (The Law of Supply)
A key tenet of economic theory is the rule of supply, which asserts that a rise in price will result in an increase in the quantity provided, all other things being equal. In other words, there is a direct correlation between price and quantity, and quantities react to price changes in the same way.'What is a case of the law of supply?For instance, if Apple produces 100 iPhones, then this is the quantity that is sold. The link between pricing and supply is referred to as the "law of supply." Supply also rises in tandem with price growth. In the event that prices decline, so will supply.To Learn more about Law of Supply, Click the links.
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Eleven republics of the former soviet union are members of which trade agreement?
Eleven republics of the former soviet union are members of the trade agreement Commonwealth of Independent States.
What is a trade agreement?This is the term that has to do with the bilateral or the multi lateral agreement to trade that exists between two nations or more nations. This is a way that is used to establish good friendship between the nations that are involved.
Hence we can say that Eleven republics of the former soviet union are members of which trade agreement Commonwealth of Independent States.
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_____________ were granted by the british government to allow several people to create organizations by pooling financial resources, which enabled riskier business projects to be undertaken.
Charters were granted by the British government to allow several people to create organizations by pooling financial resources, which enabled riskier business projects to be undertaken.
These charters enabled bigger and riskier business projects to be undertaken. Owners of chartered organizations were exempt from debtor's prison if the business venture failed.
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Servant leadership, spiritual leadership, and lmx theory all belong to the relational approach to leadership. true false
False,The relational approach to leadership includes servant leadership, spiritual leadership, and lmx theory.
What is Spiritual Leadership?To get people from where they are to where God wants them to be is the responsibility of the spiritual leader. Influence is what this is. Once spiritual leaders are aware of God's intentions, they make every effort to influence their followers to pursue God's objectives rather than their own. People who are unable to persuade others to follow God's plan have not led. They may have encouraged, cajoled, begged, threatened, or intimidated, but they will not have led until their people have changed their lives to conform to God's desire. The Holy Spirit is a necessity for spiritual leaders. Spiritual leaders face a paradox since God asks them to perform an action that, in reality, only God is capable of. In the end, spiritual leaders are powerless to effect spiritual transformation in others.
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Consider+a+t+bond+with+a+6%+semiannual+yield+and+a+clean+price+of+$1100.+number+of+days+since+last+coupon:+40+days+number+of+days+in+the+coupon+period:+184+days+calculate+the+bond+dirty+price.
The number of days in the coupon period 184 days calculate the bond dirty price is $ 1106.52.
Which is a bond?
Bonds are fixed-income securities that reflect loans from investors to borrowers (typically corporate or governmental). A bond can be compared to an agreement outlining the terms of the loan and the associated payments between the lender and borrower.Clean price = Quoted price = 1100. 00
Accrued price = 1000* 6%* 1/2*40/184 = 6.52
Dirty price = clean price + accrued price = 1100 + 6.52 = $ 1106.52
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The french physician jean nicot was successful in curing blank______ of catherine de medici, queen of henry ii of france, which made tobacco use popular.
The French physician Jean nicot was successful in curing migraine headaches of Catherine de Medici, queen of henry ii of France, which made tobacco use popular.
A migraine headache frequently starts off as a throbbing sensation before becoming dull. Usually, it gets worse as you exercise. The pain may be in the front of your head, travel from one side of your head to the other, or feel as though it is pervasive throughout your brain.
The average duration of a migraine attack is 4 hours, although more severe cases can continue for up to 3 days. Everyone experiences them differently, but two to four headaches each month are typical.
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