Suppose that three firms make up the entire wig manufacturing industry. One has a 40% market share, and the other two have a 30% market share each. The Herfindahl index of this industry is _____. Suppose Mane Attraction, one of the firms with a 30% market share in the wig manufacturing industry, leaves the market. This would cause the Herfindahl index for the industry to _____. The largest possible value of the Herfindahl index is 10,000 because: O An index of 10,000 corresponds to 100 firms with a 1% market share each O An industry with an index higher than 10,000 is automatically regulated by the Justice Department O An index of 10,000 corresponds to a monopoly firm with 100% market share
Answers
Based on the Herfindahl-Hirschman Index:
The Herfindahl-Hirschman index for this industry is 3,400Suppose Mane Attraction leaves the market, the Herfindahl index for the industry will increaseThe largest possible value of the Herfindahl index is 10,000 because an index of 10,000 corresponds to a monopoly firm with 100% market share (C)Herfindahl-Hirschman index or HHI measures the market concentration and determines market competitiveness. HHI is calculated by squaring the market share of each firms in the market and summing the resulting numbers.
A low degree of market concentration reflects the industry is closer to a perfect competition scenario where many firms with equal sizes share the market. Higher Herfindahl index represents a lower market competition and higher market power.
To find the Herfindahl index, we have to use HHI formula:
HHI = S₁² + S₂² + S₃²
where:
S₁ = 40
S₂ = 30
S₃ = 30
Hence:
HHI = S₁² + S₂² + S₃²
HHI = (40)² + (30)² + (30)²
HHI = 1,600 + 900 + 900
HHI = 3,400
If Mane Attraction leaves the maarket, the Herfindahl Index for the industry will increase indicating less competition in the market. When a competitor exits the market, the remaining firms within the market will experience increase in their market shares, resulting in increase of HHI.
The largest possibel value of Herfindahl index is 10,000 because this condition will occur when a monopoly firm has 100% market share. Let's prove this assumption:
HHI = S₁²
HHI = (100)²
HHI = 10,000 --> proven!
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Related Questions
true or false
As the costs of pensions and health care benefits rise, companies are increasing their use of temporary workers to decrease their benefits expenses.
Answers
The increase in the cost of pension and health care benefits have led to companies increasing their use of temporary workers to decrease their benefits expenses so this is TRUE.
Why are companies using more temporary workers?When companies use temporary workers, they do not have to pay for things like health care insurance and pension benefit contributions.
This reduce their costs in those areas as these costs have been steadily rising in the current age.
In conclusion, it is true that companies are increasing their use of temporary workers is because cost of pensions has risen.
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A company pays it's workers 20$ a day .
Is it a fixed cost or variable cost ??
Answers
Answer:
Examples of variable costs are sales commissions, direct costs, cost of materials used in production, and utility costs. ૮(0w0)
Explanation:
Fixed costs remain the same, whether production increases or decreases. Wages paid to workers for their regular hours are a fixed cost. Any extra time they spend on the job is a variable cost. In a factory that makes dresses, the variable costs are the fabric and the used to make the dresses.
In which class setting has research shown that students report feeling less threatened in reaching out for help from peers or their teacher?
No difference between the two
Online environment
Classroom environment
Answers
Research shown that students report feeling less threatened in reaching out for help in Online Environment.
Online Environment classroom can also be called a Virtual Learning Environment and this type of Learning is based on Web platform which allows interaction between the Tutors and Student.
This schools allows digital contact among the Student and Teachers either as part of school schedule or during Holiday.
Various research have shown that student are more likely to ask for help on their studies on Online Environment than in Physical Environment because they feel more confident Online than in Physical
Therefore, in conclusion, Option D is correct.
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"Easton Company uses 2019: Date Activity Quantity Unit Price 5/1 Beginning Inventory 130 $11 5/5 Purchase 280 $13 5/15 Purchase 140 $15 5/25 Purchase 160 $17 Sales were 430 units at $25. Using the FIFO method, determine the dollar value of Ending Inventory for the month of May.”
Answers
Answer:
$4,520
Explanation:
The computation of the dollar value of the ending inventory using the FIFO method is as follows:
But before that the ending inventory is
= Beginning inventory + purchased units + purchased units + purchased units - sales units
= 130 units + 280 units + 140 units + 160 units - 430 units
= 280 units
Now the ending inventory is
= 160 units × $17 + (280 units - 160 units) × $15
= $2,720 + $1,800
= $4,520
The management of Osborn Corporation is investigating an investment in equipment that would have a useful life of 8 years. The company uses a discount rate of 12% in its capital budgeting. The net present value of the investment, excluding the annual cash inflow, is -$401,414. To the nearest whole dollar how large would the annual cash inflow have to be to make the investment in the equipment financially attractive
Answers
Answer:
$80,800
Explanation:
Calculation to determine the annual cash inflow have to be to make the investment in the equipment financially attractive
Using this formula
Annual cash flows = Negative net present value to be offset ÷ Present value factor
Let plug in the formula
Annual cash flows = $401,414 ÷ 4.968
Annual cash flows = $80,800
Therefore the annual cash inflow have to be to make the investment in the equipment financially attractive is $80,800
1. Stockholders invest $90,000 cash to start the business.
2. Purchased three digital copy machines for $400,000, paying $118,000 cash and signing a 5-year, 6% note for the remainder.
3. Purchased $5,500 paper supplies on credit.
4. Cash received for photocopy services amounted to $8,400.
5. Paid $500 cash for radio advertising.
6. Paid $800 on account for paper supplies purchased in transaction 3.
7. Dividends of $1,600 were paid to stockholders.
8. Paid $1,200 cash for rent for the current month.
9. Received $2,200 cash advance from a customer for future copying.
10. Billed a customer for $500 for photocopy services completed.
No. Account Titles and Descriptions Debit Credit
1.
2.
3.
4.
5.
Answers
Answer:
1. Stockholders invest $90,000 cash to start the business.
Dr Cash 90,000
Cr Common stock 90,000
2. Purchased three digital copy machines for $400,000, paying $118,000 cash and signing a 5-year, 6% note for the remainder.
Dr Copy machines 400,000
Cr Cash 118,000*
Cr Notes payable 282,000
*Where did they get the extra cash from?
3. Purchased $5,500 paper supplies on credit.
Dr Supplies 5,500
Cr Accounts payable 5,500
4. Cash received for photocopy services amounted to $8,400.
Dr Cash 8,400
Cr Service revenue 8,400
5. Paid $500 cash for radio advertising.
Dr Advertising expense 500
Cr Cash 500
6. Paid $800 on account for paper supplies purchased in transaction 3.
Dr Accounts payable 800
Cr Cash 800
7. Dividends of $1,600 were paid to stockholders.
Dr Dividends 1,600
Cr Cash 1,600
8. Paid $1,200 cash for rent for the current month.
Dr Rent expense 1,200
Cr Cash 1,200
9. Received $2,200 cash advance from a customer for future copying.
Dr Cash 2,200
Cr Unearned service revenue 2,200
10. Billed a customer for $500 for photocopy services completed.
Dr Accounts receivable 500
Cr Service revenue 500
1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
Answers
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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how can I draw the circular flow of Income in an open economy?
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The unending flow of goods and services, income, as well as expenditure in an economy is referred to as the circular flow. It depicts the circular redistribution of income between the production unit and households. Land, labour, capital, as well as entrepreneurship are examples of these.
The circular flow of diagram's outer loop depicts the flow of factor services from households to firms, as well as the corresponding flow of payments for factors from firms to households.
The inner loop depicts the flow of goods and services from firms to households, as well as the flow of consumer spending from households to firms. The entire amount of money paid by firms as factor payments is returned to the firms by the factor owners.
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Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional
questions.
Online Content: Site 1
What is the main difference in the way that "earned income" and "capital gains (or portfolio income)" are acquired?
Answers
The main difference in the way that "earned income" and "capital gains (or portfolio income)" are acquired is:
Earned income is money gained though occupation.Capital additions are medium of exchange gained though investment(s).Salary, bonuses, commissions, and tips that you receive from an employer or the company are examples of earned money.
Capital gains are funds received as a result of the sale of an investment such as stocks or real estate. Earned income is often taxed more heavily than gains from investments, which are taxed less heavily.
As a result, the significance of the main difference in the way that "earned income" and "capital gains (or portfolio income)" are acquired are the aforementioned.
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SBA a business from any of the THREE sectors and conduct a research using newspaper clips, business articles, any business magazines, News 24 and a other business websites to answer the following Research (Part A) for your Select a business business questions. (Collect FIVE resources) must be NB After choosing the sector you able to motivate your answer then provide picture/ newspaper article of the business -You must identify challenges experienced by the business and classify those challenges according to the three Business Environments and state the extent of control.
Answers
Selecting a business from one of the three sectors, conducting research using newspaper clips, business articles, any business magazines, News 24, and other business websites to answer research (Part A) questions. This article will discuss the challenges faced by the business and classify them based on the three business environments. The business selected for this research is Sasol, which belongs to the primary sector. Sasol is an integrated energy and chemicals firm with operations in over 30 countries and more than 30,000 employees. It mines coal and convert it into synthetic fuels and chemical feedstock. Sasol operates in a challenging environment, and it faces many challenges. However, in this research, we will discuss the most important challenges faced by Sasol. The following are the difficulties Sasol faces: Environmental challenges: Sasol is a large company, and it emits greenhouse gases, which affect the environment. Furthermore, environmental regulations have become more stringent, which is a significant challenge for the company. Sasol must adhere to environmental regulations, which will impact its operations. Sasol must also protect its reputation, which is critical to its success. Sasol should be proactive in responding to environmental challenges by investing in renewable energy and ensuring that it adheres to environmental regulations. Economic challenges: Sasol faces economic challenges, including fluctuating oil prices, currency volatility, and rising operating costs. These issues are beyond the company's control, and they can have a significant impact on Sasol's financial performance. Sasol must adapt to economic changes by diversifying its revenue streams and improving its operational efficiency. Social challenges: Sasol faces social challenges such as workforce diversity, employee engagement, and community relations. Sasol must address these challenges by fostering a diverse and inclusive culture, promoting employee engagement, and engaging with the community. Sasol must also ensure that its business practices align with the expectations of its stakeholders, including customers, employees, and investors. In conclusion, Sasol faces many challenges, which can be classified into three categories: environmental, economic, and social. Sasol has limited control over some of these challenges, but it must be proactive in responding to them to ensure its long-term success.
A business that you can select for this analysis is the importation of cars into a country. Some challenges that may affect the importation of cars include import duties and trade agreements between nations.
What are business challenges?Business challenges refer to those problems that are encountered by entrepreneurs who want to go into any area of trade. For those into the importation of cars and other such items, excessive import duties might be limiting to them.
They may also experieice trade agreements sbetween nations and rising forex that amy not be favorable for trade.
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Duality and interpretation of dual variables
Answers
In the event that the base issue is an expansion issue, the double issue is a minimization issue as well as the other way around.
What is Duality?By and large, the duality hypothesis tends to itself to investigate of the association between two related straight programming issues, where one of them, the base, is an expansion issue and the other, the double, is a minimization issue.
Duality of dual variables
Duality gives a ton of computational benefit in an issue with a lesser number of factors and a huge number of imperatives.
Interpretation of dual variables
The duality includes an exceptional connection between an LP issue and another, the two of which include similar unique information.
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The question is incomplete, Complete question probably will be:
Explain in brief the event of Duality and interpretation of dual variables.
Sadie is a reporter who has researched an in-depth article about the prevalence of mercury found in local fish. During her investigation she finds that although a few fish have been caught with high levels of mercury, for the most part, they are rare. Considering that Sadie’s organization needs to sell ad space, which title will she MOST likely pick for this article?
A.
No Cause for Alarm with Local Fish
B.
Few Fish Affected by Mercury, Study Finds
C.
Mercury Levels Not an Issue Here
D.
Toxic Ingredients in Local Seafood
Answers
The title that Sadie is most likely to pick for the article, considering that her organization needs to sell ad space, is B. Few Fish Affected by Mercury, Study Finds.
Why is the title appropriate ?The title of Sadie's investigation accurately portrays the rarity of local fish with high mercury levels. It puts forward an optimistic perspective by emphasizing the low incidence of mercury within these aquatic species, possibly sparking interest from advertisers and readers.
However, choosing option A which says No Need to Worry About Local Fish, may undermine concerns related to mercury poisoning risks in fish, hindering engagement from people and marketers alike.
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Which of the following statements is CORRECT?
a) Perhaps the most important step when developing forecasted financial statements is to determine the breakdown of common equity between common stock and retained earnings.
b) The first, and perhaps the most critical, step in forecasting financial requirements is to forecast future sales.
c) Forecasted financial statements, as discussed in the text, are used primarily as a part of the managerial compensation program, where management's historical performance is evaluated.
d) The capital intensity ratio gives us an idea of the physical condition of the firm's fixed assets.
e) The AFN equation produces more accurate forecasts than the forecasted financial statement method, especially if fixed assets are lumpy, economies of scale exist, or if excess capacity exists.
Answers
Answer:
B) The first, and perhaps the most critical, step in forecasting financial requirements is to forecast future sales
Explanation:
Forecasting can be regarded as initial step in process of financial planning.
It should be noted that The first, and perhaps the most critical, step in forecasting financial requirements is to forecast future sales
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answers
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
Shane is a newly hired inventory manager at a manufacturing firm. What can he do to avoid shortages or excess quantity of inventory?
Answers
Answer:
take inventory on how much product he has and how much he needs
Explanation:
Answer:
Honestly not sure but I personally put "C. plan appropriate order cycles for the inventory"
Explanation:
Plato
You can determine the financial position of a company from:
Answers
To do this you need the company’s balance sheet, the income statement and the cash flow statement.
The balance sheet provides a snapshot of a company's financial position at a specific point in time. Thus, Option (B) is correct.
The balance sheet presents a summary of the company's assets, liabilities, and shareholders' equity. It shows what the company owns (assets), what it owes (liabilities), and the residual value for shareholders (shareholders' equity).
By analyzing the balance sheet, one can assess the company's liquidity, solvency, and overall financial health. It helps determine the company's net worth, debt levels, working capital, and the composition of its assets and liabilities.
While the income statement, statement of owner's equity, and statement of cash flows provide valuable information, the balance sheet is specifically designed to present the financial position of a company.
Thus, Option (B) i.e. balance sheet can determine the financial position of a company when one looks at it.
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You can determine the financial position of a company from:
A. Income statement
B. Balance sheet
C. Statement of owner's equity
D. Statement of cash flows
The following cost data for the month of May were taken from the records of the Terrence Manufacturing Company: (CIA adapted) Depreciation on factory equipment $ 2,200 Depreciation on sales office 500 Advertising 8,200 Wages of production workers 30,500 Raw materials used 42,000 Sales salaries and commissions 11,200 Factory rent 3,200 Factory insurance 500 Materials handling 2,700 Administrative salaries 3,200 Based upon this information, the manufacturing cost incurred during the month was:
Answers
Answer:
Total Manufacturing Cost $81,100
Explanation:
The computation of the manufacturing cost incurred is shown below:
Wages of Production workers: = $30,500
Raw Material $42,000
Material handling $2,700
Factory rent $3,200
Factory Insurance $500
Depreciation on Factory Equipment $2,200
Total Manufacturing Cost $81,100
We simply added the above items
Which education and qualifications are most helpful for Revenue and Taxation careers? Check all that apply.
leadership skills
customer-service skills
adaptability and flexibility
integrity
math skills
foreign language skills
knowledge of finance laws
CORRECT ANSWERS:
Customer service skills
Integrity
Math skills
Knowlage of finance
Answers
Answer:
Customer service skills
Integrity
Math skills
Knowledge of finance
Explanation:
Answer:
1. Customer service skills 2. Integrity 3. Math skills
4. Knowledge of Finance
Explanation:
I got it right on edg
Manny gil is an enpernaur
Answers
______segmentation has long been used by the marketers of products and services
such as automobiles, boats, clothing.cosmetics, financial services, and travel.
a. Behavioral
b. Age
C Gender
d. Income
Answers
Gender segmentation has long been used by the marketers of products and services such as automobiles, boats, clothing.cosmetics, financial services, and travel. The correct option is c.
a. Behavioral Segmentation:
Behavioral segmentation divides customers based on their behavior, usage patterns, and buying habits. It helps marketers understand customers' preferences, loyalty, purchase frequency, and responses to marketing efforts.
This type of segmentation allows marketers to tailor their offerings and marketing messages to specific customer behaviors and needs. For example, in the automobile industry, behavioral segmentation can be used to target customers who frequently upgrade their vehicles or those who prioritize fuel efficiency.
b. Age Segmentation:
Age segmentation categorizes customers into different age groups. This segmentation variable recognizes that different age groups have distinct preferences, lifestyles, and purchasing power.
Marketers use age segmentation to target products and services that align with the needs and desires of specific age demographics. For instance, clothing companies may create separate marketing campaigns to target teenagers, young adults, and middle-aged individuals, each catering to their unique fashion preferences.
c. Gender Segmentation:
Gender segmentation involves dividing customers based on their gender, recognizing that men and women often have different preferences and needs.
Marketers use gender segmentation to create targeted marketing messages and product offerings that appeal specifically to male or female customers. For instance, cosmetic companies may develop separate product lines and marketing strategies for men and women, focusing on their respective beauty needs and preferences.
d. Income Segmentation:
Income segmentation groups customers based on their income levels. It enables marketers to understand the purchasing power and affordability of different customer segments.
By targeting customers based on their income, marketers can tailor their pricing, promotions, and product offerings accordingly. For instance, financial services companies may offer premium banking services to high-income individuals, while providing budget-friendly options for customers with lower incomes. The correct option is c.
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What is the best way to manage interruptions and emergencies in my day?
Answers
put interruptions on hold and take care of emergencies. priority is challenging but it's worth the work
Answer:
Emergency
Explanation:
Emergency is more important that an interruption.Emergency are more life or death.An interruption is small and yes a bit agervating at time but are less import than a life or death emergency.
Your shift’s productivity is slow because one person is not pulling his share. The rest of the team is getting upset . What would you be most and least likely to do ?
Answers
Least likely to yell and scream at the person not pulling his share. Might get mad a little but I would hopefully try and not scream at the person not pulling his share.
By default, unless you or someone else records or shares information, your employer cannot see any of your Teams activities. However, the company has the option to build or buy a Teams extension to gain access to information and view your Team activities.
What is shift productivity?A desktop program called Shift can be used to combine various emails and web applications into one simple platform. The shift is the ideal productivity tool for anyone who uses one email account and one app, 50 conversations accounts, 50 apps, or anything in between!
Productivity starts with the fundamental idea of making the most of your time. Multitasking, among other things, can make you sluggish. You can focus better on the things that are important by doing one thing at a time. You might also find it easier to enter a state of flow. Select Notifications from the Settings menu, which is located in the upper right corner of the screen. The following options can be selected (to turn on) or cleared (to turn off) in the Notifications dialogue box: I'm given a task by someone.
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Which of the following is a disadvantage of electronic communication
Answers
Answer:
Lack of physical cues may lead to miscommunication
Explanation:
Koch traded Machine 1 for Machine 2 when the fair market value of both machines was $49,750. Koch originally purchased Machine 1 for $75,500, and Machine 1's adjusted basis was $40,250 at the time of the exchange. Machine 2's seller purchased it for $64,750 and Machine 2's adjusted basis was $55,250 at the time of the exchange. What is Koch's adjusted basis in machine 2 after the exchange
Answers
Answer:
machine 2 45,000
acc depreciation mchine 1 35,000
machine 1 75,000
The seller valuation are not relevant the important is the fair value. Which is 50,000.
If there was commercial substance we will recognize a gain for 5,000
(50,000 fair value - 45,000 book value)
However, we are not given with information of commercial substance, so we should not recognize any gain or loss in trade.
The machine 2 will enter the accounting for the same value as the previous machine net book.
Explanation:
EOQ
How do we calculate annual consumption?
Answers
Answer:write out 40 wen you divied
Explanation:
Question 9 of 10
Governments can cause the supply of a good to decrease by:
OA. funding training related to making the good.
B. investing in new technology to produce the good.
C. reducing the taxes paid to make the good.
D. adding expensive regulations on the good.
SUBI
Answers
Answer:
D
Explanation:
hope this helps I'm not sure if it's correct
PAKSA : ANG PAGHAHANAP BUHAY NG MGA INA SA TAHANAN ANG SINASABING DAHILAN SA PAGKALIGAW NG LANDAS NG MARAMING ANAK O KABATAAN. SANG AYON / SALUNGAT
Answers
Select the correct answer. How would you write 6 × 6 × 6 × 6 as an exponential expression? A. 6 × 4 B. 6 > 4 C. 6^4 Reset Next
Answers
Answer:6^4
Explanation:there are four of the same number
Suppose for the year 2015, Speedy Chef, a fast food restaurant, had a Gross Profit of $1,281,648. Speedy Chef had the following expenses:
Cost of Goods Sold $1,251,167
Selling Expense $70,578
Rent Expense $156,941
Utilities Expense $73,994
Insurance Expense $35,148
Wages $505,245
General & Administrative $24,358
Miscellaneous $32,968
Interest Expense $4,059
Income Tax Expense $60,596
What would Speedy Chef's Income Before Taxes be for 2015?
Answers
The Speedy Chef's Income Before Taxes for 2015 is -$873,406.
The following are the operating expenses for Speedy Chef for the year 2015:Cost of Goods Sold $1,251,167Selling Expense $70,578Rent Expense $156,941 Utilities Expense $73,994Insurance Expense $35,148Wages $505,245General & Administrative $24,358Miscellaneous $32,968Interest Expense $4,059Income Tax Expense $60,596.
The formula to determine the Income Before Taxes (IBT) of Speedy Chef for 2015 is given below:Income Before Taxes (IBT) = Gross Profit - Total Operating ExpensesTotal Operating Expenses = Cost of Goods Sold + Selling Expense + Rent Expense + Utilities Expense + Insurance Expense + Wages + General & Administrative + Miscellaneous + Interest Expense + Income Tax Expense.Substitute the given values,Income Before Taxes (IBT) = Gross Profit - Total Operating Expenses = $1,281,648 - $2,155,054 = -$873,406.
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Welcome to week four did you know there are there were different types of resumes read the following article about the main types of resumes and let me know what you think of them. I am interested to see which will draw you in.
Answers
The choice of resume format depends on your individual circumstances, industry norms, and the specific job you're applying for. It's essential to consider the expectations of potential employers and the impression you want to make.
Chronological Resume: This is the most traditional and widely used format. It lists your work experience in reverse chronological order, starting with the most recent job. It highlights your career progression and is suitable for those with a stable work history.
Functional Resume: This format focuses on your skills and qualifications rather than your work history. It highlights your relevant skills and achievements, making it suitable for individuals with employment gaps, career changes, or limited work experience.
Combination Resume: As the name suggests, this format combines elements of both the chronological and functional resumes. It emphasizes both your skills and work history, providing a comprehensive overview of your qualifications.
Targeted Resume: A targeted resume is tailored to a specific job or industry. It highlights the skills and experiences that are most relevant to the desired position, making it highly effective for showcasing your suitability for a particular role.
Creative/Infographic Resume: These types of resumes incorporate unique and visually appealing designs, graphics, and infographics. They are often used in creative fields where visual presentation is valued.
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