Case ScenarioOver the past four years, the LSS organization, a nonprofit organization headquartered in Minneapolis, MN, has become renowned nationally for its Camp Noah project. Following floods, tornadoes or other weather emergencies, children lose their daily routine, their schools and oftentimes their homes. Parents are often stressed and unavailable during emergencies, and children have few resources to help them understand their situation. In Camp Noah, volunteers with skills in child psychology and counseling meet in a two day support group environment with children in flood ravaged areas. They encourage the children to share their stories and develop important resiliency skills and learn how to cope emotionally with the disaster.Due to the need for such services, LSS has developed a training system that lets them partner with resource organizations located near flood or tornado areas. They have partnered with many local organizations around the U.S. to train, equip and empower volunteers to staff local camps attended by children during their summer vacation. LSS also provides pre-packaged Camp Noah supplies that range from workbooks, crayons and puppets to a quilt for each child.Recently, powerful rainstorms in southeastern France triggered flash flooding that displaced more than 1000 families, and left 200,000 people without electricity for more than two weeks. City officials in France called the LSS Director of Camp Noah Services, Chris Walker, and asked if she could provide training and equip 20 volunteers in southeastern France to deliver the Camp Noah curriculum to up to 500 children. The French officials have asked that a decision to proceed be made within 2 weeks, and that the training and they want the equipment be delivered 6 weeks after the decision is made. Chris Walker wants to help but isn’t sure how to start. Currently, Camp Noah supplies are all written in English, and the counselor training documents are only written in English as well. The floods occurred in an area of France that has few English speakers.You are a contract employee who has been engaged to help LSS because you speak French fluently and because you are an expert, experienced project manager with great interpersonal skills. Your job is to assist the director, Chris Walker, during project initiation. If the project is approved, you may be asked to lead the remainder of the project as well. You and Chris have been in meetings together all day discussing the opportunity for a French Camp Noah. You’ve been listening very carefully and asking dozens of questions about the potential effort. Now, you’re ready to get started and put your considerable project management skills and knowledge to work.Questions based on above scenario and answer need to be 1/2 page long:1. Is this (or will this be) a project or operations? Justify your choice.2. What process group is this project currently in? How do you know?3. As an experienced project manager, you are aware that analyzing the environment in which a project operates is critically important. Select two (2) OPA and two (2) EEF that you believe are important to understand for this project. Apply these to the case scenario and justify why the four items you selected are important. 4. Once the decision is made to proceed with the project, Chris Walker, the director, will need to select a project manager. You know that LSS is a strong-matrix org. What does this mean in terms of how the project will be conducted and the role of the project manager? (5. You and Chris Walker, the director, will work on trying to define what project success will look like as you define the project objectives. What should you keep in mind about the process of writing objectives? Why are good statements of project objectives important to project success?
Answers
Answer and Explanation:
1. This is a project because it is carefully planned and follows a series of tasks to achieve a particular goal
2. Project is at initiation stage. It is yet to be approved and discussions are still on
3. Two organizational process assets (OPA) are : checklist, lessons database. Two Enterprise environmental factors(EEF): Organization management, group performance. EEF enable project managers understand their environment and factors that influence the project which may be beyond their control. OPAs here will enable organization learn from the knowledge base and everything other thing already acquired by management that can be used in the project or from projects initially executed by organization
4. Since LLS is a matrix organization(answering to both functional head and project manager), employees involved in the project would answer to project manager and project manager reports to functional head
5. The important to have in mind while writing project objectives is the goal of the project while considering threats and opportunities surrounding reaching the goal of the project. Clear objectives are important as they form guidelines to achieving project goal.
Related Questions
On January 2, 2019, TwilightHospital purchased a $104,800 special radiology scannerfrom Bella Inc. The scanner had a useful life of 4 years andwas estimated to have no disposal value at the end of itsusefule. The straight line method of depreciation is used onthis scanner. Annual operating costs with this scanner are$105,000 Approximately one year later, the hospital isapproached by Dyno Technology salesperson, Jacob Cullen,who indicated that purchasing the scanner in 2019 from BellaInc. was a mistake. He points out that Dyno has a scannerthat will save Twilight Hospital $26,000 a year in operatingexpenses over its 3-year useful life. Jacob notes that the newscanner will cost $109,000 and has the same capabilities asthe scanner purchased last year. The hospital agrees that bothscanners are of equal quality.
Answers
The $315,000 incremental analysis is used.The hospital acknowledges the equivalent quality of both scanners.
Which three types of incremental analysis are the most common?Incremental analysis is a method for evaluating financial data that is also known as the appropriate cost approach, incremental analysis, or differential analysis. Relevant cost, implicit costs, and multiplier effect are the three basic ideas that are pertinent to incremental analysis.
Briefing:
The preparation of the incremental analysis of Twilight hospital is presented below:
Particulars Retain scanner Replace scanner Net income
Annual
operating cost $315,000 $237000 $78,000
($105,000 × 3) ($26,000 × 3)
New
scanner cost $109,000 -$109,000
Total $315,000 $346000 -$31000
In this way, the incremental analysis should be prepared.
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Establish objectives & targets – Planning & communication – Develop a detailed budget – Review & approval – Implementation and management
Establish objectives & targets – Develop a detailed budget – Planning & communication – Review & approval – Implementation and management
Planning & communication – Establish objectives & targets – Review & approval – Develop a detailed budget – Implementation and management
Planning & communication – Establish objectives & targets – Develop a detailed budget – Review & approval – Implementation and management
Answers
In management, the correct Budgeting Process includes:
Planning & communication|
Establish objectives & targets|
Develop a detailed budget|
Review & approval|
Implementation and managementWhat is a Budgeting Process?A budget is an essential tool for all organization as it helps to keep track of its income and expenditure.
The budgeting process refers to the process of putting a budget in place. This process of budgeting involves planning and forecasting, implementing, monitoring and controlling, and finally evaluating the performance of the budget.
Hence, the Budgeting Process include Planning & communication – Establish objectives & targets – Develop a detailed budget – Review & approval – Implementation and management.
Therefore, the Option D is correct.
Missing word "Which Of The Following Describes The Correct Budgeting Process?"
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Which of the following is a manufacturing cost?
A. Indirect materials
B. Advertising expense
C. Depreciation of the office equipment used by the sales staff
D. Salary of clerical workers
Answers
Answer:
A and C
Explanation:
A manufacturing cost is the depreciation of the office supplies utilized by the sales team and indirect materials. As a result, choices (A) and (C) are the correct stuff.
What is manufacturing cost?The cost of all the resources used to produce a product, collectively referred to as the manufacturing cost, is what is considered. Direct labor, direct material costs, and manufacturing overhead make up the three areas that make up the cost of production. The whole cost of delivery is affected by it.
The raw materials known as "direct materials" are those that are included into the finished good. Applying a chain of processes to maintain a deliverable product provides value to raw materials in manufacturing. For example, welding, cutting, and painting are just a few of the many processes that can be used on raw materials. The difference between direct and indirect materials must be understood.
Hence, option (C) is accurate.
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the decision-makers that experience scarcity.
Answers
Answer:
Governments, companies, and individuals
Explanation:
Answer:
goverments companies induvuduaks
Explanation:
is your instructor a manager ?discuss in terms of the four functions of management.
Answers
Since he is in charge of providing the employees' training, the course instructor is a manager.
Briefing:-The objectives are carried out and the resources are managed by the course instructor. When it comes to planning, the course teacher establishes a goal and makes a strategy to reach it. He also assigns the program, the cost, and the time.
What do managers do in terms of roles, responsibilities, and abilities?The five fundamental management tasks of staffing, leading, managing, organizing, and planning are the skills that good managers learn to master. Planning entails outlining precisely how to carry out a specific objective. Say, for instance, that the corporation wants to increase sales.
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as the tax assessor for Indian creek county, you have been informed that due to budgetary demands, a tax increase will be necessary next year. The total market value of the property in the county is $800,000,000. currently, the assessment rate is 35% and the tax rate is 40 mils. The county commission increases the assessment rate to 45% and the tax rate to 45 mils
Answers
Answer:
this didnt make sense but ok
Explanation:
tim wants to buy an apartment that costs $750,000 with an 85% ltv mortgage. tim got a 30 year, 3/1 arm with an initial teaser rate of 3.75% and monthly payments. the reset margin on the loan is 300 basis points above 1 year cmt. the index was 1% at the time of origination. tim also had to pay 3 points for this loan. suppose the index rate will remain 1% for the life of the loan. compute the true apr for this loan.
Answers
The true APR for the loan is approximately 4.058%.
To calculate the true APR for the loan, we need to take into account the initial teaser rate, the margin, the index rate, and the points paid.
First, we calculate the monthly payment for the loan.
Loan amount = $750,000 x 85% = $637,500
Number of payments = 30 years x 12 months = 360
Teaser rate = 3.75%
we can calculate the monthly payment as;
Monthly payment = $2,950.27
Next, we need to calculate the interest rate at the time of the first reset, which is after 3 years.
Margin = 300 basis points = 3%
Index rate = 1%
Fully indexed rate = Index rate + Margin = 4%
Teaser period = 3 years
Remaining loan term = 27 years
To calculate the interest rate at the first reset, we need to use the formula:
New interest rate = Index rate + Margin
However, the new interest rate cannot be higher than the maximum interest rate cap. Let's assume the cap is 8%.
New interest rate = min(Fully indexed rate, Teaser rate + Margin, Cap)
New interest rate = min(4%, 6.75%, 8%) = 4%
Since the index rate is assumed to remain at 1% for the life of the loan, we can assume that the interest rate will remain at 4% for the remaining loan term.
Next, we need to calculate the total amount of points paid for the loan.
Points paid = Loan amount x Points / 100
Points paid = $637,500 x 3 / 100 = $19,125
To calculate the true APR, we can use a financial calculator or spreadsheet software to solve for the rate that makes the present value of the loan payments equal to the loan amount minus the points paid. The true APR is;
True APR = 4.058%
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A high Power Distance Index score implies that the people who hold power in a country are entitled to privileges.
a. True
b. False
Answers
Answer:
a. True
Explanation:
The Power-Distance Index refers to the relationship and interaction between a high ranking individual and a low ranking individual. The index depends on how a low ranking individual reacts to a high ranking individual.
It measures the degree where the members of a society or group accepts the hierarchy of the power and the authority.
Thus according to the high power distance index score, individuals with high power are entitled to number of privileges in a country or in society.
Hence the answer is TRUE.
You are planning the marketing strategies for a new printer that weighs less than two pounds and can fit in a backpack or briefcase.
Identify one target market for the printer that is a business consumer.
Answers
A target market for the printer would be students in a school campus who would need printers for their homeworks.
What is a marketing strategy?This is a game plan that a business would develop that would enable it to reach its prospective consumers.
A printer that fits well in a back pack is movable. This would come in handy, when students need to print out works which they need to submit.
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Costs that can be influenced by management at a specific level of management are called
Oa. direct costs
Ob. noncontrollable costs
Oc. controllable costs
Od. variable costs
Answers
The controllable costs are the costs that can be influenced by management at a specific level of management.
What are controllable costs?These are the types of costs over which an organization or company have full authority.
This type of cost has to do with a companies marketing budgets and its costs of labor.
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1. When talking about personal finances, always remember that you will either manage
your money or the lack of it will
Answers
It is correct to say that when talking about personal finance, always remember that you will manage your money or the lack of it, this being an essential topic for better control of your expenses and income.
How to increase control over your income and expenses?You can develop a personal budget, which is a simple and easy-to-do technique, where all your personal accounts for a period are exposed, whose objective is to increase understanding about your finances, your needs and allocation of resources for your goals.
Therefore, financial education is a topic that should be more instituted in schools and social institutions, to provide greater subsidies for individuals to understand how to balance their finances to increase their quality of life and avoid indebtedness.
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Identify 10 businesses within your area or municipality. Write about their contributions to the economic growth of your area and municipality.
Answers
Some businesses in municipalities that contribute to the economic growth of the area include:
Tech companyManufacturing Small business Healthcare provider Restaruant Construction company Retail company Tourism company Financial institution Renewable energy How do these companies contribute to economic growth ?Tech provides high-paying jobs and attracts talent to the area, as well as contributing to innovation and technological advancement in the region. Small businesses contributes to the local economy by providing goods and services to the community, creating jobs, and supporting other businesses in the area.
Manufacturing company creates jobs and generates revenue through the production and sale of goods, as well as providing opportunities for local suppliers and vendors.
This is basically the same for all the other types of companies as they mostly give people jobs and contribute to economic growth in their industry specifitc way.
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not sure if this information helps or not. I only need help with figuring out the amount for line 16 on 2021 tax form 1040. Beth R. Jordan lives at 2322 Skyview Road, Mesa, AZ 85201. She is a tax accountant with Mesa Manufacturing Company, 1203 Western Avenue, Mesa, AZ 85201 (employer identification number 11-1111111). She also writes computer software programs for tax practitioners and has a part-time tax practice. Beth is single and has no dependents. Beth was born on July 4, 1975, and her Social Security number is 123-45-6785. She did not engage in any virtual currency transactions during the year, and she wants to contribute $3 to the Presidential Election Campaign Fund. Beth received the appropriate coronavirus recovery rebates (economic impact payments); related questions in ProConnect Tax should be ignored. The following information is shown on Beth's Wage and Tax Statement (Form W-2) for 2021. Line Description Amount 1 Wages, tips, other compensation $65,000.00 2 Federal income tax withheld 9,500.00 3 Social Security wages 65,000.00 4 Social Security tax withheld 4,030.00 5 Medicare wages and tips 65,000.00 6 Medicare tax withheld 942.50 15 State Arizona 16 State wages, tips, etc. 65,000.00 17 State income tax withheld 1,954.00 During the year, Beth received interest of $1,300 from Arizona Federal Savings and Loan and $400 from Arizona State Bank. Each financial institution reported the interest income on a Form 1099-INT. She received qualified dividends of $800 from Blue Corporation, $750 from Green Corporation, and $650 from Orange Corporation. Each corporation reported Beth's dividend payments on a Form 1099-DIV. Beth received a $1,100 income tax refund from the state of Arizona on April 29, 2021. On her 2020 Federal income tax return, she used the standard deduction. Fees earned from her part-time tax practice in 2021 totaled $3,800. She paid $600 to have the tax returns processed by a computerized tax return service. On February 8, 2021, Beth bought 500 shares of Gray Corporation common stock for $17
Answers
Here is the amount for line 16 on 2021 tax form 1040 for Beth R. Jordan: $1,292.50
Here is the calculation:To calculate your overall earnings, you can subtract the state income tax withheld and add the state income tax refund and net self-employment income, while also taking into account any self-employment expenses.
These figures can be found on lines 2 and 17 of your W-2 form, and lines 3 and 27 of your Schedule C, respectively.
The precise figures of these items are given below:
Federal income tax withheld: $9,500
State income tax withheld: $1,954
State income tax refund: $1,100
Net self-employment income: $3,800
Net expenses from self-employment: $600
Plugging these values into the calculation above, we get:
$9,500 - $1,954 + $1,100 + $3,800 - $600 = $1,292.50
Therefore, the amount for line 16 on 2021 tax form 1040 for Beth R. Jordan is $1,292.50.
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After Polly Shrum sells a stock, she avoids following it in the media. She is afraid that it may subsequently increase in price. What behavioral characteristic does Shrum have as the basis for her decision making? Please explain your answer.
Answers
After Polly Shrum sells a stock, she avoids following it in the media. She is afraid that it may subsequently increase in price. Shrum has fear of regret. She is hesitant to examine stock prices out of concern that they may have increased and she may have lost out on possible gains.
To prevent the fear of regret, the investor may become less risk-averse in the future and may purchase any stock recommended by the media without completing any background investigation. During lengthy bull markets, regret theory leads some investors to continue to invest aggressively, dismissing warning signals of a coming disaster.
According to regret theory, people anticipate remorse if they make the wrong option and take it into account while making decisions. Fear of regret may either deter or motivate people to act. Regret theory has the potential to influence an investor's rational conduct, diminishing their capacity to make financial decisions that benefit them rather than damage them.
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1.) Why is subject records management considered an indirect filing method?
2.) In your own words, describe the storage and retrieval process for subject filing.
3.) How do the alphabetic and encyclopedic arrangements differ?
Answers
A variant of alphabetic filing called subject filing arranges documents according to subjects or groups rather than by the names of people or companies. Records are organized using numerical filing systems.
Describe the subject filing's storage and retrieval procedure.An alphabetical system of storing and retrieving records by subjects or topics is known as subject records management. Related documents are kept together under designated subject categories using this method.
Finding or locating outdated information, such as legal documents, account records, medical records, or insurance records, can be done through the process of records retrieval. For instance, if you manage a small business, you will produce a lot of data or records for your company or your employees.
How are the encyclopedic and alphabetical arrangements different?
All subjects are listed alphabetically behind A-to-Z primary guides in the dictionary arrangement. The encyclopedic arrangement arranges the primary subjects alphabetically, followed by the subdivisions of the primary subjects in alphabetical order.
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The JPB partnership reported net income of $160,000 for the year ended December 31, 20X8. According to the partnership agreement, partnership profits and losses are to be distributed as follows: JPB 10% How should partnership net income for 20X8 be allocated to J, P, and B? Salaries Bonus on net income $ 50,000 $ 60,000 $ 30,000 5% 10% Remainder (if positive) 60% 30% 10% Remainder (if negative) 30% 40% 30%
Answers
According to the data, the net income allocated to J is $ 60,000, P is $ 60,000 and B is $ 40,000. So, the correct option is Option C.
What do you mean by net income?Net income is the quantity earned by a person or company after deducting expenses, allowances, and taxes. In a company, net income is the amount of money left over after deducting all costs, such as salaries and paying the cost of products or raw materials and taxes.
Here,
Calculating the net income as:
Particulars J P B
Salaries $50,000 $60,000 $30,000
Bonus on net income $16,000 $8,000 $16,000
Net loss($20,000 * 30%);
($20,000 * 40%);($20,000 * 30%) -$6,000 -$8,000 -$6,000
Net income allocated $60,000 $60,000 $40,000
Therefore, in the JPB partnership the net income allocated to J is $ 60,000, P is $ 60,000 and B is $ 40,000.
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This is incomplete question the complete question is attached below:
The task involves retrieving
financial data on Banks in Ghana for the period 2010 to 2020 for all banks in
Ghana within the stated period. Answer the following questions based on the data.
1. Determine the total asset of each bank in each year and provide this information in a Table, where column refers to years and rows refer to the bank specific total asset for the year.
2. Calculate the five-firm concentration ratio in the banking industry in Ghana for each year using total assets.
3. Based on the five-firm concentration ratios calculated in 2 above, determine the level of competition among banks in Ghana.
4. Calculate the five-firm concentration ratio in the banking industry in Ghana for each year using deposits.
5. Calculate the five-firm concentration ratio in the banking industry in Ghana for each year using loan advances.
6. Is there a difference between the interpretation for the five-firm concentration ratio calculated using total assets, deposits and loan advances?
7. Calculate the Herfindahl-Hirschman Index (HHI) for each year using total assets and comment on the level of competition among banks in Ghana.
8. Calculate the Herfindahl-Hirschman Index (HHI) for each year using deposits and comment on the level of competition among banks in Ghana.
9. Calculate the Herfindahl-Hirschman Index (HHI) for each year using loan advances and comment on the level of competition among banks in Ghana.
10.Which of the years would the level of competition in the banking industry in Ghana be welfare improving from the perspective of customers based on the calculated five-firm concentration ratios in question (1) and why?
11.Are your conclusions for HHI consistent with the five-firm concentration in all cases? Give two reasons to support your answer.
Answers
The Bretton Woods system ended when: A. several countries tied the value of their currencies to the U.S. dollar.
B. the United States decided to stop backing the U.S. dollar with gold reserves C. the United States experienced its second Industrial Revolution
D. the gold standard became more popular in countries around the world
Answers
Answer:
B
Explanation:
There is no other answer but B. That was Nixon's doing. He took the American dollar off the Gold system. Gold in 1980 eventually went from 35 dollars to 800 which is a stupendous move. Many people, unfortunately for them, bought at the top and it took 31 years (I think) for them to recover their money.
Answer:
B
Explanation:
so what would you do if your friend expose you for being on brainly?
Answers
Answer:
Danm just know your doomed or just beg the person.
Explanation:
demarco and tanya have received information about the separate mortgage offers. In two or three paragraphs describe your recommendation for the best financial choice in their situation.
Answers
There are a few fundamental elements to be kept in mind when assessing potential mortgage offers, which include:
How to make the recommendationInterest rate: This is one of the key components to ponder upon when evaluating different mortgages. A lower interest rate entails smaller monthly payments as well as a decrease in sum spent on interest overall during the duration of the loan.
Loan term: The length of the loan is another aspect that should not go unnoticed. When opting for a briefer loan, more money will be spent towards monthly payments but correspondingly less towards interest. However, if you desire a longer period, then the opposite is true with fewer monthly payments but expenditure on interest increases.
Closing costs: It is essential to take closing fees into consideration since they can end up reaching staggering heights. Closing costs refer to every single amount related to taking out a mortgage and ought to be given due thought before deciding on an offer.
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Division of work means that similar activities in an organization should be grouped together under one manager.
Answers
Answer:
True.
Explanation:
Division of work is the act of "dividing the work equally among a group of people."
The USA is experiencing an expansion which increases demand for automobiles at the same time that supply is also increasing because of cheap raw materials. Answer:
a) What happens to demand and supply?
b) What happens to the equilibrium price, and to equilibrium quantity (increase, stays the same, or decrease)
Answers
Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.
Answers
If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.
To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.
For MAC1: MAC1 = 100 - 10E
For MAC2: MAC2 = 50 - 10E
To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.
Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E
Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.
MD = Aggregate MAC
30E = 150 - 20E
Simplifying the equation, we get:
50E = 150
E = 3
Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.
Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.
Net social costs = Aggregate MAC - MD
Net social costs = (150 - 20(4)) - (30(4))
Net social costs = 110 - 120
Net social costs = -10
The net social costs of this policy would be -10, indicating a net benefit to society.
If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.
Setting MAC1 equal to MAC2:
100 - 10E = 50 - 10E
Simplifying the equation, we find that E can have any value, as both sides are equal.
Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.
In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.
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what will you use for banca/boat to move
Answers
Answer:
a paddle
Explanation:
Using a "paddle" is very important in order to move/propel a boat. Paddling creates a force which goes against the water. This force is faced by an opposite force that is equal and that which allows the boat to move forward.
So as you push the water asides, the boat accelerates. Such technique is deemed efficient when using the boat. Not following the proper technique will not move the boat.
A training needs assessment can be helpful in identifying training gaps. Select the option below that is NOT one of the six steps that can be used to help identify and address training gaps.
a.conduct an organizational resource analysis
b.evaluate employee’s background check
c.measure performance
d.solicit input on training needs
Answers
"Evaluate Employee's Background Check" is NOT one of the six processes that may be utilized to assist identify and correct training deficiencies.
How can it be explained in detail?Finding the skills and knowledge gaps that exist inside an organization requires conducting a training needs assessment. Determining the right kind of training is important for enhancing employee performance and achieving corporate objectives. Performance evaluation is one of the six phases in performing a training needs assessment. In this stage, performance levels are examined in order to pinpoint areas that require improvement. It is crucial to employ trustworthy, unbiased metrics to assess performance, such as productivity statistics, performance appraisals, and customer satisfaction polls. In order to identify areas where training is required, another phase in the process is to gather feedback on the need for training from stakeholders, including employees, managers, and other parties.
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The adjusted trial balance of Sunland Company shows these data pertaining to sales at the end of its fiscal year, October 31, 2022: Sales Revenue $903,400; Freight-Out $13,700; Sales Returns and Allowances $22,000; and Sales Discounts $15,400. Prepare the sales section of the income statement.
Answers
Net Sales Revenue for Sunland Company: $865,000 (Sales Revenue $903,400 - Returns $22,000 - Discounts $15,400).
Income Statement - Sales Section (For the fiscal year ended October 31, 2022)
Sales Revenue: $903,400
Less: Sales Returns and Allowances: $22,000
Less: Sales Discounts: $15,400
Net Sales Revenue: $903,400 - $22,000 - $15,400 = $865,000
The sales section of the income statement for Sunland Company reflects the following figures for the fiscal year ended October 31, 2022:
Sales Revenue: $903,400
Less: Sales Returns and Allowances: $22,000
Less: Sales Discounts: $15,400
Net Sales Revenue: $865,000
The Sales Revenue represents the total amount of sales generated by Sunland Company during the fiscal year.
Sales Returns and Allowances account for any merchandise returned by customers or allowances granted due to defective products or other reasons.
Sales Discounts account for the reduction in the selling price offered to customers for early payment or other negotiated discounts.
By subtracting the Sales Returns and Allowances and Sales Discounts from the Sales Revenue, we arrive at the Net Sales Revenue figure.
For Sunland Company, the Net Sales Revenue amounts to $865,000, which represents the total sales revenue after deducting returns, allowances, and discounts.
This figure is significant for assessing the company's performance and analyzing its sales activities.
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Besides knowing the amount of sales, what other
information is required to calculate a return on
sales (ROS)?
Answers
Answer:
selling price, variable cost, fix cost
Explanation:
Even though the goal of a firm is to create wealth for its shareholders, there are times when ethical or strategic considerations outweigh the profit incentive, causing managers to reject investments with positive net present values. T/F
Answers
True. Even if a business's main goal is to maximize profits for its shareholders, there are occasions when ethical or strategic considerations trump the financial one, forcing management to forgo deals with good net present values.
Is a company's main goal to maximize profits or the wealth of its shareholders?The company's top priority is consistently increasing shareholder wealth, which produces earnings to increase the dividends paid on each ordinary share. A sign of greater shareholder wealth is the higher price of shares traded on the stock market.
Is it always morally right for a business to attempt to maximize profits for its shareholders?A corporation's desire to increase profits for the benefit of its stockholders is not always morally good. For some businesses, a commitment to morality is insufficient to boost earnings. For tiny enterprises or organizations that are dealing with particular issues, ethics is insufficient.
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Fill in the blank: Using a(n) _____ keeps a record of any inconsistencies from the initial requirements of a project.
Answers
An issue log is simply known as a type of documentation element of software project management Using an issue log keeps a record of any inconsistencies from the initial requirements of a project.
The issue log is known to have a list of ongoing and closed issues concerning project.This type of logs can be seen as a way to track errors in any project.
It consist of name of the person who solve the problem, the date or time of the issue, the issue's priority and status and the date or time that the problem was resolved.
An issue log is also regarded as a simple list or spreadsheet that managers use to monitor the issues that arise in a project.
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Visit any local business organization and prepare a field report by including the following contents (not less than 800 words): Name of business organization. Nature and type of business organization. The main objectives of business organization. The activities done in business: Products and services dealing. Analysis of either the business is in divergence or convergence position. If divergence position, analyze the areas of divergence or if convergence, how is it processing? How the business idea was created? Explain.
Answers
The field report will encapsulate the entire experience had while on the visit such as: XYZ Enterprises is a well-established local business organization that operates in the manufacturing and distribution of consumer electronics and home appliances.
What should constitute the field report?The field report is expected to have the following content (title, body-content, and conclusion) with a template given below:
Title: Visit to XYZ Enterprises
Introduction: During my recent field visit, I had the opportunity to explore and analyze the operations of XYZ Enterprises, a prominent local business organization in the area. This report aims to provide a comprehensive overview of the company, its nature and type, objectives, activities, and its position in terms of convergence or divergence. Additionally, I will delve into the creation of the business idea and its development process.
1. Name of Business Organization: The business organization under study is XYZ Enterprises.
2. Nature and Type of Business Organization: XYZ Enterprises is a manufacturing and distribution company specializing in the production and sale of high-quality consumer electronics and home appliances. The company operates on a large scale and has a well-established presence in the local and regional markets.
3. Main Objectives of Business Organization: The primary objectives of XYZ Enterprises include:
a) Providing customers with innovative and reliable electronic products and appliances.
b) Ensuring customer satisfaction through superior product quality and after-sales services.
c) Expanding market share and establishing a strong brand presence.
d) Maximizing profitability and achieving sustainable growth.
4. Activities of the Business: Products and Services Dealing: XYZ Enterprises engages in a range of activities to accomplish its business objectives. The company designs, manufactures, and distributes various electronic products such as televisions, smartphones, laptops, and home appliances like refrigerators, washing machines, and air conditioners. Furthermore, XYZ Enterprises provides comprehensive after-sales services, including repairs, warranty claims, and customer support.
5. Analysis of Convergence or Divergence Position: Based on my observations and analysis, XYZ Enterprises is currently in a convergence position. The company has strategically aligned its operations with the changing market demands and customer preferences. This can be seen through its efforts to introduce innovative products, expand its product portfolio, and enhance customer experience through efficient after-sales services.
6. Development of the Business Idea:
The business idea of XYZ Enterprises was conceived through a combination of market research, industry analysis, and the vision of the company's founders. The initial concept revolved around addressing the growing demand for reliable and technologically advanced consumer electronics and home appliances. The founders recognized the opportunity to establish a brand that prioritized quality, innovation, and customer satisfaction.
To transform this idea into a tangible business, extensive research and planning were undertaken. The team analyzed market trends, consumer behavior, and the competitive landscape to identify gaps and potential areas for differentiation. This led to the development of a comprehensive business plan, outlining the company's strategic direction, target markets, product range, and marketing strategies.
7. Areas of Convergence: Within the convergence position, XYZ Enterprises focuses on several areas to drive its success:
a) Product Innovation
b) Customer Experience
c) Market Expansion
d) Brand Building
In conclusion, XYZ Enterprises is a well-established local business organization that operates in the manufacturing and distribution of consumer electronics and home appliances. The company has set clear objectives to provide innovative and reliable products, ensure customer satisfaction, and achieve sustainable growth.
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