Service Revenue (CR) $16,000, Cash (DR) $16,000 Prepaid Insurance (DR) $4,080, Cash (CR) $4,080, Equipment (DR) $19,000, Cash (CR) $19,000 Cash (DR) $28,000, Notes Payable (CR) $28,000
The company provided music lessons and received $16,000 in cash, increasing Service Revenue and Cash. The company purchased prepaid insurance for musical equipment, reducing Cash and increasing Prepaid Insurance. The company purchased musical equipment for $19,000 in cash, reducing Cash and increasing Equipment. The company obtained a loan of $28,000 from a bank by signing a note, increasing Cash and creating a liability under Notes Payable. These transactions reflect the inflow of cash from providing music lessons, the purchase of prepaid insurance and musical equipment, as well as the acquisition of a loan. The journal entries accurately record the increases and decreases in the respective accounts, ensuring proper accounting of the financial activities of Cardinal Music Academy during the month of October.
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suppose that it currently costs 17 mexican pesos to buy one u.s. dollar. with that as the reference point, decide whether each situation corresponds to a price above or below 17 pesos/dollar.
The price above 17 pesos/dollar for any cost to purchase a U.S. dollar over 17 pesos is the same as the price below 17 pesos/dollar for any cost to purchase a U.S. dollar over 17 pesos.
Although most shops will accept U.S. dollars, it is preferable to exchange your money for pesos. It is the Mexican money, and you'll get greater deals. Many people obtain pesos from their own bank before traveling.
The currency of the Philippines and several other nations in the Americas is the peso. Peso, which means "weight" in Spanish, has its roots in the Spanish Empire.
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The multifactor approach to the earnings distribution specifically considers the following factors (select all that apply) ability discrimination family background Chance and risk taking martial status
The multifactor approach to earnings distribution specifically considers the following factors:
Ability: This factor refers to an individual's skills, knowledge, and capabilities that contribute to their earning potential.Discrimination: This factor takes into account the impact of various forms of discrimination, such as gender, race, or age, on earnings and income inequality.Family background: This factor considers the influence of a person's family background, including socioeconomic status, education level, and parental occupation, on their earnings.Chance and risk-taking: This factor recognizes that chance events and individuals' willingness to take risks can influence their earnings distributionTherefore, the correct options from the given list are:
AbilityDiscriminationFamily backgroundChance and risk-takingTo learn more about earnings distribution, visit here
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Which of these operations and supply chain management career paths works closely with manufacturing, marketing, and purchasing to create timely, cost-effective import/export supply chains?Logistics and Material PlannerInternational logistics managerAnalystSourcing manager
The International Logistics Manager's work closely with manufacturing, marketing, and purchasing to create timely, cost-effective import/export supply chains.
What is Operation and Supply Chain ?Operations management is a branch of management that focuses on planning, organizing, and redesigning the production process for goods or services as well as corporate operations.
Supply chain management is concerned with a system of logistics, marketing, operations management, and purchasing so that raw materials may be transformed into completed goods and supplied to the final consumer.
Operations and Supply Chain Management (OSCM) is a vast field that encompasses tasks including sourcing, materials management, operations planning, distribution, logistics, retail, demand forecasting, order fulfillment, and more. It covers both manufacturing and service sectors.
To satisfy service level standards, work with international vendors to handle import activity. Create and implement a supply chain plan for expanding your business internationally. assist in overseeing customs and shipping management for import services.
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which special economic zone has been the most successful?
There are several special economic zones (SEZs) around the world that have been successful in boosting economic growth and attracting foreign investment. However, one of the most successful SEZs is the Shenzhen Special Economic Zone in China. Established in 1980, it was one of the first SEZs in China and has since become a major hub for manufacturing, technology, and finance. Its success can be attributed to its favorable policies for foreign investors, streamlined regulations, and strategic location near Hong Kong. Shenzhen has been able to attract some of the world's largest tech companies, such as Huawei and Tencent, and has become a symbol of China's economic transformation.
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which attribute in perfect competition makes it so firms will make zero economic profit in the long run?
In perfect competition, the attribute that leads to firms making zero economic profit in the long run is known as "free entry and exit."
This condition implies that there are no barriers to entry or exit in the market, allowing new firms to enter the industry and existing firms to leave if they are not earning economic profits.
In the long run, in a perfectly competitive market, firms will earn enough revenue to cover all their costs, including opportunity costs of production. However, they will not earn any additional profit above and beyond that. If firms were earning positive economic profits in the short run, the entry of new firms into the market will erode those profits until they reach zero in the long run.
This zero economic profit condition in perfect competition serves as a key feature that promotes efficiency in resource allocation. It ensures that firms are producing goods or services at their lowest possible cost, with no excess profit signaling that resources are being used efficiently and in line with consumer demand.
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2. List three interpersonal skills that sales associates need.
Answer:
problem solving, communication, organizational
Explanation:
these help you be the best business associate there is.
If the yield on a 2-year bond falls from 2% to 1.5%, while the yield on a 10-year bond goes from 3% to 2.25%, then we know that the new yield curve: (after interest rate changes) - Is falt - Sloping down - Sloping upwards - Cant tell
If the yield on a 2-year bond falls from 2% to 1.5%, while the yield on a 10-year bond goes from 3% to 2.25%, we can determine that the new yield curve is **sloping upwards**.
A yield curve represents the relationship between the yields of bonds with different maturities. In a normal or upward-sloping yield curve, longer-term bonds have higher yields compared to shorter-term bonds. When the yield on a 2-year bond decreases while the yield on a 10-year bond decreases at a slower rate, it indicates an upward-sloping yield curve.
Conversely, if the yield on a 2-year bond increases while the yield on a 10-year bond decreases, it would indicate a downward-sloping yield curve. However, in the given scenario where the yields decrease, the new yield curve is sloping upwards.
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Somebody help I'll give 30 points
Answer:
1. Salesforce helps their people feel good by giving back to the community. They also offer great challenges and rewards, and have open communication culture.
2. Cisco offers good benefits that focus on family and enabling people to combine parenthood with their jobs. It’s also a great place to learn and develop professionally.
3. Admiral allows people to give back to the community through charity. They have built a strong sense of belonging and believe in the importance of having fun so people bring their best to work.
Explanation:
Answer:
Happy meal wih a mcdoobale
Explanation:
25 point multiple choice
Ava works in a college admissions office. She is involved in reading applications and matching students to the criteria set out by the school for acceptance. If Ava decides that the student qualifies to attend the college, she notifies them. Which pathway in the Education and Training Cluster does Ava’s career fall into?
A. Teaching and Training B. Administration and Administrative C. Professional Support Services D. Science & Mathematics
It will be Option C, " Professional support and Services ".
Proof:-
• She is only reading applications that might be related to complaints or admissions, So , Option A and D is incorrect.
• She is not in the field of anything related to teaching, therefore, Option B is also incorrect.
Now Option C is only remaining. Therefore, Option C is your answer.
Hope it helps you...
(Answered by Benjemin)
HELP
Question
Q. To properly manage your checking account you should do which of the following?
A.Update your transaction register regularly to include all checks, ATM withdrawals, and debit card purchases.
B.Balance your checkbook daily using the most current information about your account by phone, ATM, or online.
C.Promptly review your checking account statement every month.
D.All of the above
If the first 5 students expect to get the Final Average of 95, what would their Final Tests need to be?? Please let me know how to get the final scores.
Answer:
475
Explanation:
An average value is the sum of all initial values divided by the number of values used.
i.e Av = \(\frac{sum of values}{number of values}\)
Since the 5 students are expecting final average of 95, then their final test score can be determined by;
number of values used = 5, and the average = 95
So that;
95 = \(\frac{sum of values}{5}\)
⇒ sum of values = 95 × 5
= 475
sum of values = 475
The first 5 students' final test score = sum of values = 475.
Their final test score need to be 475.
Explain one advantage for RDM of implementing a project-based organizational structure.
One advantage of implementing a project-based organizational structure for Research Data Management (RDM) is increased flexibility and adaptability to changing needs and priorities.
With a project-based structure, RDM teams can easily adjust their focus and resources to meet the specific requirements of each project, as well as to accommodate changes in funding, research goals, or other circumstances.
In a project-based structure, teams are organized around specific projects or initiatives, with clear objectives, timelines, and milestones. This allows RDM teams to work more efficiently and effectively, with a shared sense of purpose and direction.
It also enables them to collaborate more closely with other stakeholders, such as researchers, funders, and IT professionals, to ensure that data management practices are aligned with broader research goals and priorities.
Another advantage of a project-based structure is that it fosters innovation and creativity by allowing RDM teams to experiment with new ideas, tools, and technologies in a controlled and focused environment.
This can lead to new insights, solutions, and best practices that can be shared across projects and organizations, ultimately benefiting the wider research community.
Overall, a project-based organizational structure offers several advantages for RDM, including increased flexibility, adaptability, collaboration, innovation, and alignment with broader research goals and priorities.
By leveraging these benefits, RDM teams can deliver high-quality data management services that support the needs of researchers, funders, and other stakeholders, while advancing the state of the art in research data management.
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The government claimed that, to illegally control the market, Microsoft used
a. predatory pricing and mergers.
b. predatory pricing and buying out competitors.
c. predatory pricing and forming a cartel.
d. predatory pricing and requiring customers to buy other products.
Answer:
B. Predatory pricing and buying out competitors
A factory bottles apple juice and cranberry juice. If it wants to bottle more apple juice, what is the trade off?
A. A bigger factory
B. More cranberry juice
C. A smaller factory
D. Less cranberry juice
Answer:
A factory bottles apple juice and cranberry juice. If it wants to bottle more apple juice, what is the trade-off? It must bottle less cranberry juice.
Explanation:
Rich is the highest-paid quarterback in the league, at $5 million per season. Rich is an eight-year pro and has yet to reach the playoffs. Rich's hometown team, the Whalers, are interested in him. If the Whalers sign Rich for $2.5 million per year, how much is the annual "hometown discount" that the Whalers will receive?
Answer:
$2,500,000
Explanation:
. MY NOTES PRACTICE ANOTHER Suppose a company has fixed costs of $48.000 and variable cost per unit of +222 dollars, where x is the total number of units produced, Suppose further that the selling price of its produt 1852- dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) (b) Find the maximum revenue. (Round your answer to the nearest cent.) $ (c) Form the profit function P(x) from the cost and revenue functions. P(X)= Find maximum profit. S (d) What price will maximize the profit? (Round your answer to the nearest cent.) $ Need Help? [-/0.07 Points] DETAILS HARMATHAP12 2.3.017. MY NOTES PRACTICE ANOTHE Suppose a company has fixed costs of $48,000 and variable cost per unit of +222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1852- 9 dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) X- (b) Find the maximum revenue. (Round your answer to the nearest cent.) $ (c) Form the profit function P(x) from the cost and revenue functions. PD)- Find maximum profit. $ (d) What price will maximize the profit? (Round your answer to the nearest cent.). $ Need Help? Read
The price that maximizes the profit is $1852. So, the answers are: a) 29 units b) $48,014.28 c) P(x)= 1630X - 48000 d) $1852.
a) Calculation of Break-even Point: Break-even point is the point where total cost and total revenue intersect. It can be calculated by equating total cost to total revenue.TC= TR48,000+ 222X = 1852 X
=> 222X = 1852 X - 48,000
=> 222X - 1852X = -48000
=> -1630X = -48000
=> X = 29.45...So, the break-even points are 29 units.
b) Calculation of Maximum Revenue: Maximum revenue can be obtained by selling the maximum number of units. Maximum revenue will be obtained at x = the number of units that can be produced with all of the available resources available. The maximum number of units that can be produced= Fixed cost / Selling price of one unit
= $48,000 / $1852/unit= 25.89 units Maximum revenue
= Selling price of one unit * Maximum number of units that can be produced
= $1852/unit * 25.89 units
= $48,014.28
Maximum revenue is $48,014.28 (nearest cent).
c) Calculation of Profit Function: Profit can be calculated by deducting the total cost from total revenue.
P(x)= Revenue - Cost
P(x)= TR - TC Substituting TR and TC in the above equation we get,
P(x)= 1852X - (48000 + 222X)
P(x)= 1630X - 48000
Maximum profit can be calculated by finding the maximum point of the profit function using the second derivative test.
d) Calculation of the Price that maximizes the profit: To find the price that maximizes the profit, we need to find the value of X that gives the maximum value of P(X).For maximum profit,
P′(x) = 0 and
P″(x) < 0. Therefore, we need to find the point at which the slope of P(x) changes from positive to negative.
P(x)= 1630X - 48000
P′(x)= 1630At X = 29.4518 (rounded off),
P′(x) = 0. This means that the slope of P(x) changes from positive to negative.
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Cindy has been working for 8 years, and she’s built up a huge emergency fund -- $45,000, which would be 6 months of her salary. She’s hoping to earn a bit more interest than she currently is with that $45,000 just sitting in her traditional bank’s savings account. Which account would you recommend? Why?
SAVINGS ACCOUNT, CD, MONEY MARKET ACCOUNT
I will recommend she invest the $45,000 in Certificate of deposit or Money market account.
It is widely known that a traditional bank’s savings account does not provides significant interest rate for deposit unlike other account which are meant from pure investment at long term.
A certificate of deposit are issued by bank to customer promising them a certain interest rate on their deposit with them.
A money market is also an method of investing in short term market and guarantees high interest rate on deposit.
Therefore, I will recommend she invest the $45,000 in Certificate of deposit or Money market account.
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THIS IS FOR ECON!!
Which of the following is a benefit of using financial investment to raise financial capital? (1 point)
OIt is accessible to start-ups.
OIt is the most straightforward approach.
O There is an impact on the ownership of the firm.
There is added pressure for the business to succeed.
Answer:
It is accessible to start-ups.
Explanation:
took the test
One of the benefits of financial investment to financial capital is that it is accessible to start-ups (the first option).
What is financial capital?Financial capital is described as a form of funding that allows the building of assets, or wealth, for businesses or individuals. It is important to mention that financial capital includes credit and money, which are used to purchase materials, assets, or equipment.
Financial investments include the different forms of financing options available for a business or a start-up. The different types of funding options available for a startup include debt financing, equity financing, and grants. The major benefit is that all these sorts of financial investments are available for a start-up to grow.
It can be concluded that one of the benefits of financial investment to financial capital is that it is accessible to start-ups (the first option).
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what unemployment programs exist in state of Kentucky, eligibility, and how to get these benefits.
Answer:
Unemployment Insurance (UI) is an employer-paid insurance program that provides you with benefits when you’re separated from a job at no fault of your own.
UI benefits help cover the gap in lost wages while you are between jobs. The benefits are not based on need, and they’re paid out in weekly payments as long as you meet eligibility requirements and report on a weekly basis.
If you were let go from your job, you’re experiencing significantly reduced hours, or you’re out of a job due to a company closure, you're likely eligible for
UI benefits.
1. Collect your information
2. Create an account Online or By phone
3. File a claim
4. Complete your eligibility review
5. Set up your payment options
Where do I submit my claim?
Kentucky Division of Unemployment Insurance Website
Kentucky unemployment insurance online portal.
Answer:
i do the ogburn high school
Explanation:
A company manufactures a product with the following cost data. The company’s production process requires that it produce its products in 1,000 unit increments.
Units Total Cost
10,000 $58,000
11,000 $62,300
12,000 $66,600
13,000 $70,900
What is the average cost per unit when the company manufactures 12,000 units? Round your answer to two decimal places and enter your amount with no dollar sign.
The average cost per unit when the company manufactures 12,000 units is $5.58.
To calculate the average cost per unit when the company manufactures 12,000 units, we need to determine the total cost for producing 12,000 units and then divide it by the number of units produced.
From the given cost data, we can see that the cost increases by $4,300 for each additional 1,000 units produced. So to produce 12,000 units, the total cost would be:
Total cost for producing 12,000 units = $58,000 + ($4,300 x 2) + ($4,300 x 3) = $66,900
Now we can calculate the average cost per unit:
Average cost per unit = Total cost for producing 12,000 units / Number of units produced = $66,900 / 12,000 = $5.58
Therefore, the average cost per unit when the company manufactures 12,000 units is $5.58.
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In HVAC systems, sensors are one of the most important components. i. What is the main function of the sensors? ii. Based on different HVAC variables, what kind of sensors are normally used in the intelligent buildings? iii. Explain the different sensors with their advantages and disadvantages Resistance temperature devices ► Thermistors Thermocouples (14 marks)
In HVAC systems, sensors play a crucial role in regulating indoor climate control. They measure various environmental parameters and send signals to the system for effective control. Different types of sensors are used in intelligent buildings based on HVAC variables. These sensors include temperature sensors, occupancy sensors, humidity sensors, carbon monoxide sensors, light level sensors, and pressure sensors. Each sensor serves a specific function and contributes to optimizing HVAC performance.
1. Temperature Sensors:
Temperature sensors, such as Resistance Temperature Devices (RTDs), thermistors, and thermocouples, measure ambient temperature. RTDs offer high accuracy and repeatability, while thermistors are highly sensitive and cost-effective. Thermocouples have a wide temperature range but lower accuracy compared to RTDs and thermistors.
2. Occupancy Sensors:
Occupancy sensors detect the presence of occupants in a space and help control HVAC systems based on occupancy. They contribute to energy efficiency by optimizing HVAC usage.
3. Humidity Sensors:
Humidity sensors measure moisture content in the air. They assist in maintaining appropriate humidity levels for occupant comfort and preventing moisture-related issues.
4. Carbon Monoxide Sensors:
Carbon monoxide sensors detect harmful gas presence, ensuring indoor air quality and safety.
5. Light Level Sensors:
Light level sensors monitor light intensity in a space, enabling daylight harvesting and controlling artificial lighting systems to conserve energy.
6. Pressure Sensors:
Pressure sensors measure air pressure within the HVAC system. They help monitor and regulate airflow, ensuring proper ventilation and system performance.
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Additional Information: 1. On 1 January 2015, Yap Choy Berhad acquired 80 percent of the 7,500,000 issued ordinary shares, paid up RM10, 500, 000. On that date, the retained profit of Sam Sdn Bhd were RM1,500,000. 2. Retained profit at 1 January 2018 Ordinary dividend paid in year 2018 23,400 1,500 3,600 600 3. Yap Choy trades with Sam Sdn Bhd during the current year, Yap Choy sold to Sam goods for RM750,000. 4. The opening inventory of Sam Sdn Bhd includes bought from Yap Choy Berhad, amounting RM37,500. RM150,000 of these goods have been sold to other customers as at the end of year. 5. Yap Choy priced its sales to Sam Sdn Bhd at cost plus 25 percent 6. The dividend received is from Sam Sdn Bhd. Required : Prepare the Consolidated Statement of Comprehensive Income for the year ended 31 December 2018.
To prepare the Consolidated Statement of Comprehensive Income for the year ended 31 December 2018, we need to consolidate the financial information of Yap Choy Berhad and its subsidiary, Sam Sdn Bhd.
Here is the consolidated statement:
Consolidated Statement of Comprehensive Income
For the Year Ended 31 December 2018
Revenue:
Sales to external customers RM 750,000
Sales to subsidiary (Sam Sdn Bhd) RM 750,000
Total Revenue RM 1,500,000
Cost of Goods Sold:
Cost of goods sold to external customers RM 562,500
Cost of goods sold to subsidiary (Sam Sdn Bhd) RM 562,500
Total Cost of Goods Sold RM 1,125,000
Gross Profit RM 375,000
Operating Expenses:
Other operating expenses RM xxx
Depreciation and amortization RM xxx
Total Operating Expenses RM xxx
Operating Profit RM xxx
Non-operating Income:
Dividend received from subsidiary (Sam Sdn Bhd) RM xxx
Profit Before Tax RM xxx
Income Tax Expense RM xxx
Net Profit RM xxx
Other Comprehensive Income:
Total Comprehensive Income for the Year RM xxx
Earnings per Share RM xxx
Notes:
The revenue and cost of goods sold figures are combined for both external sales and sales to the subsidiary (Sam Sdn Bhd).
The operating expenses include other operating expenses and depreciation/amortization, but the specific amounts are not provided and should be filled in accordingly.
The dividend received from the subsidiary is considered non-operating income.
The income tax expense is calculated based on the applicable tax rate and the consolidated profit before tax.
Other comprehensive income may include items such as foreign currency translation adjustments, unrealized gains or losses on available-for-sale securities, etc.
Earnings per share is calculated by dividing the consolidated net profit by the weighted average number of shares outstanding.
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True/False: over time, a stock with a beta of 1.0 produces a return that goes up and down with a 1:1 relationship with the return on the market.
The statement given is true because over time, a stock with a beta of 1.0 produces a return that goes up and down with a 1:1 relationship with the return on the market.
In finance, beta is a metric that determines the volatility of an asset or a portfolio in relation to the overall market. It is a statistical measure of the correlation of an asset's returns with those of the market as a whole. The beta coefficient, which is a component of the Capital Asset Pricing Model (CAPM), represents the amount of systematic risk present in a stock or portfolio. A stock with a beta of 1.0 indicates that the stock is neither more nor less volatile than the market as a whole.
It has a 1:1 correlation with the market's performance; therefore, when the market goes up or down, the stock's return goes up or down as well, indicating a relationship of 1:1. A beta of less than 1 indicates that the stock is less volatile than the market, while a beta of more than 1 indicates that the stock is more volatile than the market.
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The term performance quality refers to: Multiple Choice Customer satisfaction with the total experience of a product or service. The gap between product design specifications and actual performance of the product. The gap between actual performance of a product and customer expectations. Costs related to meeting customer demands and quality-related expectations. The difference between customer expectations (for attributes, services, functionality, etc.) and product design.
Answer:
The gap between product design specifications and actual performance of the product.
Explanation:
The term performance quality refers to the gap between product design specifications and actual performance of the product.
This ultimately implies that, a performance quality refers to a measure of the level at which the primary characteristics of a product that is being manufactured by a producer operates. Therefore, all the elements of the commitment made in a product that is to be sold to consumers by the producer is the performance quality of a product.
Hence, business firms or companies should endeavor to design a level of performance that is appropriate, effective and efficient to their customers, so as to increase the customer's level of satisfaction and enhance the chances of them using the product in the future.
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position? O A. O B. O C. O D. high school diploma associate degree in performing arts bachelor's degree in art history doctorate in computer sciences
The best education for Matt to attain the position of curator at a large national museum is an Option C. bachelor's degree in art history.
A curator is a person who is in charge of the collection and display of artifacts in a museum. Curators are responsible for organizing exhibits, acquiring new collections, and keeping the existing ones in good shape, among other duties. The work of a curator demands a high degree of knowledge of the materials they handle, in addition to organizational skills and the ability to engage with the public.
Curators must typically hold a bachelor's degree in a field related to the collection they oversee. Art history, anthropology, or archaeology are popular majors for curators. Additionally, they should have experience in their particular field of expertise. Furthermore, many museums will require their curators to have a Master's degree or Ph.D. in their field or a related one. These degrees are obtained in specialized postgraduate degree programs, and they demonstrate a deeper understanding of the subject matter and a commitment to the field.
The education for Matt to attain this position would be a bachelor's degree in art history. Art history is the study of visual art throughout history. It is an academic discipline that combines cultural and historical perspectives to examine and understand visual art. In this field, you will learn about artists and their works, styles and movements, and the cultural contexts that surrounded them. This knowledge is critical to the work of curating art collections, and it will enable Matt to be efficient in his job. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position?
A. high school diploma
B. associate degree in performing arts
C. bachelor's degree in art history
D. doctorate in computer sciences
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What is the term for a contract agreement in which an offeror promises to pay after the occurrence of a specified act, and the offeree is not required to respond in words?.
The term of such contract agreement where an offeror promises to pay after the occurrence of a specified act is called: unilateral contract.
What is a Unilateral Contract?A unilateral contract can be defined as a contract agreement whereby an offeror is obligated to pay only after a specified act has been fulfilled by the offeree.
For example, "I will pay you $2,500 if you bring my car from Texas all the way to Cleveland". The specified act that must be fulfilled before I pay is for you to bring my car. That is the acceptance.
Therefore, the term of such contract agreement where an offeror promises to pay after the occurrence of a specified act is called: unilateral contract.
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1. Describe ways in which individuals you know have developed differently from others .
Answer:
Key takeaway: Our perceptions are influenced by our individual differences and preconceived notions.
Explanation:
Physical characteristics influence how we perceive and respond to information. You may be asked to design a sign that says, “Watch your head,” which will be placed next to a six foot six inch overhang that is above floor level. While a few very tall people will have to worry about hitting their heads on the overhang, most people in the world are not that tall. Tall and short individuals will perceive this sign differently.
Your psychological state can also influence what you read and listen to, and why you do so. The emergency procedures binder on the wall next to the first aid kit doesn’t mean much to you until a coworker falls and suffers some bad cuts and bruises. If you were asked to design the binder and its contents, could you anticipate a psychological state of anxiety that would likely be present when someone needed the information? If so, then you might use clear bullet lists, concise, declarative sentences, and diagrams to communicate clearly.
Your cultural background plays a significant role in what and how you perceive your world. You may be from a culture that values community. For example, the message across the advertisement reads: Stand out from the crowd. Given your cultural background, it may not be a very effective slogan to get your attention.
Our perceptual set involves our attitudes, beliefs, and values about the world. Perhaps you’ve heard the phrase, “Looking at the world through rose-colored glasses” and can even think of someone as an example. We experience the world through mediated images and mass communication. We also come to know one another interpersonally in groups. All these experiences help form our mental expectations of what is happening and what will happen.
Think about your brand preferences, your choice of transportation, your self-expression through your clothing, haircut, and jewelry—all these external symbols represent in some way how you view yourself within your community and the world. We can extend this perspective in many ways, both positive and negative, and see that understanding the perspective of the audience takes on new levels of importance.
Waylon is back-to-school shopping with his mom at a large department store. He’s picked out the following items: 3 pair of pants for $87 total, 4 t-shirts for $48 total, 1 backpack for $35, 1 hoodie for $26, 1 pair of shoes for $37. When they get to the register, they see this sign:
Answer: uhhhh
Explanation:
Answer: Waylon's Purchase will cost $198.05, and section B depends.
Explanation: Section A is 85% of 233 since thats the total, making the answer to section A $198.05. The answer to section B depends because if he wants more school supplies, then yes, he would want to buy more things for better deals. But if he’s on a budget, then he wouldn't want to spend as much money since saving 20% on something over $300 is more than saving 15% on something over $200. THIS IS ONLY THE ANSWER IF YOU SEE A SIGN IN THE ASSIGNMENT THAT SAYS: Spend $100, save 10%, spend $200, save 15%, spend $300, save 20%, and spend $400, save 30%.
Optimizing Wins [20 Points] A team owner has determined that the demand for winning looks like this: P=72−65 W, where P is the average ticket price and W is the winning percentage of the team. The associated marginal revenue curve for the team is equal to MR =72−130 W. Suppose that average total costs (ATC) equals marginal costs (MC) at $18.70. (a) What would be the optimal winning percentage if the owner wishes to maximizes profits? [4 Points] (b) What are the owners profits if the owner chooses the winning percentage found in Part (a)? [Hint: Recall that TC=ATC×Q, in this case TC=ATC×W;TR=P×Q which in this case will be TR =P× W] Round your answer to two (2) decimal places. [4 Points] (c) What would be the optimal winning percentage if the owner wishes to maximize wins? [4 Points] (d) What is the owner's profits if the owner chooses the winning percentage found in Part (c)? [4 Points] (e) Illustrate this example graphically.
A. The optimal winning percentage to maximize profits is approximately 0.41.
B. The owner's profits, when choosing the winning percentage from part (a), are approximately $3.78.
C. The optimal winning percentage to maximize wins is approximately 0.55.
D. The owner's profits, when choosing the winning percentage from part (c), are approximately $6.37.
E. The intersection of the demand curve and the x-axis (where MR = 0) would represent the optimal winning percentage for maximizing wins.
To optimize profits and maximize wins, we need to determine the winning percentage that achieves these goals.
(a) To maximize profits, we need to set marginal revenue (MR) equal to marginal cost (MC).
MR = MC
72 - 130W = 18.70
Solving for W:
130W = 72 - 18.70
130W = 53.30
W = 53.30 / 130
W ≈ 0.41
The optimal winning percentage to maximize profits is approximately 0.41.
(b) To calculate the owner's profits, we need to find the total revenue (TR) and total cost (TC).
TR = P * W
TR = (72 - 65W) * W
TR = 72W - 65W^2
TC = ATC * W
TC = 18.70 * W
Profits = TR - TC
Profits = 72W - 65W^2 - 18.70W
Substituting the value of W from part (a):
Profits = 72(0.41) - 65(0.41)^2 - 18.70(0.41)
Profits ≈ $3.78
The owner's profits, when choosing the winning percentage from part (a), are approximately $3.78.
(c) To maximize wins, we need to set marginal revenue (MR) equal to zero.
MR = 72 - 130W = 0
Solving for W:
130W = 72
W = 72 / 130
W ≈ 0.55
The optimal winning percentage to maximize wins is approximately 0.55.
(d) To calculate the owner's profits, we use the same TR and TC equations as in part (b):
Profits = TR - TC
Profits = 72W - 65W^2 - 18.70W
Substituting the value of W from part (c):
Profits = 72(0.55) - 65(0.55)^2 - 18.70(0.55)
Profits ≈ $6.37
The owner's profits, when choosing the winning percentage from part (c), are approximately $6.37.
(e) To illustrate this example graphically, we would plot the demand curve (P = 72 - 65W) and the marginal revenue curve (MR = 72 - 130W) on a graph with the winning percentage (W) on the x-axis and the ticket price (P) on the y-axis. The intersection of the demand curve and marginal cost curve would represent the optimal winning percentage for maximizing profits. Similarly, the intersection of the demand curve and the x-axis (where MR = 0) would represent the optimal winning percentage for maximizing wins.
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What economic concept is applied in this statement?
By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others.
A.
equilibrium
B.
law of demand
C.
law of supply
D.
negative externality
E.
positive externality
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By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others. The economic concept which is applied in this statement is a positive externality.
What are skills?Skills refer a set of qualities or abilities an individual carries in order to complete the task. These skills represent the expertise of any individual in terms of knowledge and talents.
When these skills are learned along with the higher level of education it creates an add-on for the career. These skills include communication skills, problem-solving skills, critical thinking, leadership qualities, and so on.
Therefore, option E positive externality is the correct option for the given statement.
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