Which of the following is not viewed as part of assigning manufacturing cost in a job order cost system? a. Manufacturing overhead is applied b. Raw materials are used c. Manufacturing overhead is incurred d. Completed goods are recognized Sheffield Company developed the following data for the current year: Beginning work in process inventory: $270000; Direct materials used: 130000 ; actual overhead: 290000 ; overhead applied: 230000; cost of goods manufactured: 272000; total manufacturing cost: 772000 . Sheffield Company's direct labor cost for the year is a. $60000 b. $412000 c. $230000 d. $272000
Answers
The answer is option d. $272,000. To determine the direct labor cost for the year, we need to subtract the beginning work in process inventory, direct materials used, and manufacturing overhead from the total manufacturing cost.
Given data:
Beginning work in process inventory: $270,000
Direct materials used: $130,000
Actual overhead: $290,000
Overhead applied: $230,000
Cost of goods manufactured: $272,000
Total manufacturing cost: $772,000
To find the direct labor cost, we can use the following formula:
Direct labor cost = Total manufacturing cost - (Beginning work in process inventory + Direct materials used + Manufacturing overhead)
Plugging in the values, we have:
Direct labor cost = $772,000 - ($270,000 + $130,000 + $230,000)
Simplifying the equation, we get:
Direct labor cost = $772,000 - $630,000
Calculating, we find:
Direct labor cost = $142,000
Therefore, the correct answer is option d. $272,000.
In a job order cost system, direct labor cost is an important component of the total manufacturing cost. To calculate the direct labor cost, we subtract the beginning work in process inventory, direct materials used, and manufacturing overhead from the total manufacturing cost. In this case, the direct labor cost is $272,000.
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Related Questions
You decide to put $5,000 in a savings account to save for a $6,000 downpayment on a new car. If the account has an interest rate of 7% per year and is compounded monthly, how long does it take until you have $6,000 without depositing any additional funds? 313. 464 years 31. 346 years 26. 122 years 2. 612 years.
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The correct relevant amount of time taken by investment of $5000 to become $6000 will be 2.612 years. So the correct option that matches the quoted statement is D.
Compound Interest formula will be applied to calculate such investment to achieve the desired amount for the purpose of payment of down-payment of the car.
Compound Interest is basically referred to as the interest over the accrued interest achieved over such time frame over the top of interest received on principal amount of investment.The formula of compound interest compounded monthly is as given below,\(\rm Compound\ Interest= P(1+\ \dfrac {r}{n})^n^t\) Using the formula we can say that we require an interest of $1000 so that the amount becomes $6000. We can use the formula and put the values as under.\(\$1000= \$5000(1+ \dfrac{0.07}{12})^1^2^t\)This can also be written as,\(t = \dfrac {6,000.00/5,000.0}{12\×\ (1 + 0.07/12)}\)Calculating further, \(t = \dfrac {6,000.00/5,000.00} { 12\ \rm x\ (1 + 0.005833333)}\)Which comes down to, \(t= 2.612\ \rm Years\)So we can say that it takes 2.612 years to make such investment into $6000 at the interest rate of 7% which is compounded on a monthly basis.Hence, the correct option is C is that it will take 2.612 years to get returns as $6000 over such investment at the interest rate of 7 percent per year.
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The Economist article "What Pandemic Border Closures Say About Japan’s View of Outsiders" discusses the impact of Japan's strict Covid measures since 2020, especially with regard to foreigners entering the country. Although Japan has now relaxed some travel restrictions for foreigners, the unintentional consequences of such measures will adversely impact Japan for years to come. According to the article, why has Japan traditionally been hesitant in accepting foreigners into the country and why will foreigners be important for Japan’s future?
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The article highlights Japan's historical hesitancy in accepting foreigners and discusses the reasons behind this cautious approach. Japan's cultural homogeneity, concerns about social cohesion, and past experiences with foreign invasions have shaped its traditional reluctance towards immigration.
Japan's hesitancy in accepting foreigners stems from various factors. Firstly, the country has a long history of cultural homogeneity and a strong sense of national identity. This has led to a preference for maintaining social cohesion and preserving traditional values, making it challenging for Japan to embrace a large-scale influx of foreign residents. Secondly, Japan's historical experiences, such as the forced opening of its borders in the 19th century and the negative impacts of World War II, have left a lasting impression on the nation's psyche. These events have fostered a cautious approach towards immigration and foreign involvement.
However, the article argues that Japan's future depends on the inclusion of foreigners. Japan faces significant demographic challenges, including an aging population and a declining birth rate, which have resulted in labor shortages and a shrinking workforce. To sustain economic growth and address these issues, Japan will need to attract foreign talent, expertise, and labor. Furthermore, foreigners can bring diverse perspectives, innovation, and international connections that are vital for Japan's competitiveness in the global economy.
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rent received Rs. 10,000/-
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Answer:
Okay, but where is the question or it's free points?
please help
Why is engaging communication a two-way process?
Answers
Answer:
Two-way communication allows both participants to exchange ideas, they can develop a sense of mutual understanding. The result is a better relationship between them. Increase effectiveness
Effective communication depends on the proper understanding of the message by the sender and receiver.
Explanation:
Hope you can helpWrite three sentences.What is summer mainly about and what is your fav thing about summer time?
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Video concepts, inc. (vci) manufactures a line of dvd recorders (dvds) that are distributed to large retailers. The line consists of three models of dvds. The following data are available regarding the models: model dvd selling price variable cost demand/year per unit per unit (units) model lx1 $175 $100 2000 model lx2 $250 $125 1000 model lx3 $300 $140 500 vci is considering the addition of a fourth model to its line of dvds. This model would be sold to retailers for $375. The variable cost of this unit is $225. The demand for the new model lx4 is estimated to be 300 units per year, sixty percent of these units sales of the new model is expected to come from other models already being manufactured by vci (10 percent from model lx1, 30 percent from model lx2 and 60 percent from model lx3. Vci will incur a fixed cost of 20,000 to add new model to the line. Based on the data do you think they should add a new model lx4 to the lines or vcr's and if so why?
Answers
Using the contribution margin to calculate the net profit, it would not be profitable for VCR to add the new model LX4 to its line of DVD recorders.
Is there a justification to add a new model lx4 to the lines or vcr's?To determine whether VCI should add the new model LX4 to its line of DVD recorders, we need to calculate the incremental profit from adding the new model and compare it to the fixed cost of $20,000.
First, let's calculate the contribution margin per unit for each of the existing models:
Model LX1: Selling price per unit ($175) - Variable cost per unit ($100) = $75 contribution margin per unitModel LX2: Selling price per unit ($250) - Variable cost per unit ($125) = $125 contribution margin per unitModel LX3: Selling price per unit ($300) - Variable cost per unit ($140) = $160 contribution margin per unitNext, let's calculate the incremental profit from adding the new model LX4:
Selling price per unit ($375) - Variable cost per unit ($225) = $150 contribution margin per unitSales per year (300 units) x Contribution margin per unit ($150) = $45,000 incremental profit from new modelNow let's consider the expected impact on the sales of existing models:
Model LX1: 10% of 300 units = 30 units x Selling price per unit ($175) x Contribution margin per unit ($75) = $52,500 reduction in profitModel LX2: 30% of 300 units = 90 units x Selling price per unit ($250) x Contribution margin per unit ($125) = $11,250 reduction in profitModel LX3: 60% of 300 units = 180 units x Selling price per unit ($300) x Contribution margin per unit ($160) = $28,800 reduction in profitThe total reduction in profit from the existing models is $92,550. However, the incremental profit from the new model is $45,000, so the net profit impact of adding the new model LX4 is:
Net profit impact = Incremental profit - Reduction in profit from existing models
Net profit impact = $45,000 - $92,550
Net profit impact = -$47,550
Since the net profit impact of adding the new model is negative, it would not be profitable for VCR to add the new model LX4 to its line of DVD recorders. The fixed cost of $20,000 to add the new model would only exacerbate the negative impact on VCI's profits. Therefore, VCR should not add the new model to its line.
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Creating an anonymous complaint or grievance process is something
employers can implement to prevent which of the following?
O A. Layoffs
B. Harassment
C. Taxed income
D. Arguments
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hope I could help goodluck
In a market economy, decisions about which goods are produced are based?
A. what the local community has made for generations.
B. what health care organizations suggest will be best for citizens.
C. what businesses believe will generate the most profits.
D. what the government decides is important for society.
Answers
Answer:
D.what the government decides is important for society
What was the purpose of the pandemic influenza Strategic Plan?
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These strategies attempted to halt, restrict, or otherwise limit the spread of a pandemic to the United States, while also limiting domestic spread, minimizing sickness, misery, and mortality, and sustaining infrastructure and neutralizing the consequences on the economy and society as a whole.
What is the most prevalent cause of influenza?The flu causes severe damage to the lungs, nose, and throat. The most vulnerable include young children, the elderly, pregnant women, and those suffering from chronic conditions or with compromised immune systems. Symptoms include fever, muscle discomfort, cough, congestion, headaches, and fatigue. Rest and water are common flu remedies because they allow the body to combat the sickness on its own. Anti-inflammatory pain medicines sold over-the-counter may aid with symptoms. A annual flu vaccination can aid in both prevention and treatment of the flu. The flu is caused by influenza viruses infiltrating the nose, throat, and lungs. When people with the flu cough, sneeze, or talk, virus droplets are released into the air and perhaps into the mouths or noses of others around them.
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What are two factors that cause fullfillment centers to operate a little differently when processing online orders than they do when processing orders shipped to stores?
Orders are sent via drone.
Orders arrive from customers one at a time.
Orders are sent to distribution centers.
Orders are sent out in relatively small quantities.
Answers
Higher order volume and individual packaging requirements, and specialized logistics for direct customer delivery (e.g., drones) differentiate fulfillment centers processing online orders from those handling store shipments.
What are two factors that differentiate the operation of fulfillment centers processing online orders from those handling store shipments?Two factors that cause fulfillment centers to operate differently when processing online orders than orders shipped to stores are:
Order Volume and Packaging: When processing online orders, fulfillment centers typically handle a much higher volume of individual orders compared to orders shipped to stores. This is because online retail allows customers from a wider geographical area to place orders, resulting in a larger number of individual shipments. As a result, fulfillment centers need to optimize their operations to efficiently process and package each order individually, ensuring accurate picking, packing, and labeling for each shipment. This requires specialized systems and processes designed for handling a high volume of individual packages, which may differ from the procedures used for shipping larger quantities of products to physical stores.Logistics and Shipping Considerations: Fulfillment centers processing online orders often need to coordinate with various logistics partners, such as delivery companies or drone operators, to ensure timely and efficient delivery to customers. Since the scenario mentions orders being sent via drones, the fulfillment center would need to incorporate drone operations into their workflow. This could involve setting up dedicated areas or loading docks for drone takeoffs and landings, implementing systems for tracking and coordinating drone deliveries, and ensuring compliance with regulations and safety protocols for operating drones. Additionally, fulfillment centers need to manage the logistics of shipping individual orders directly to customers' addresses, which may involve different routing and transportation strategies compared to bulk shipments to stores.Overall, the key differences stem from the need to handle individual orders at a higher volume and the inclusion of specialized logistics and shipping considerations in the fulfillment process for online orders.
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PLEASE HELP
8. The International Monetary Fund, the World Bank, and the International Development Association are international organizations that
(A) keep track of world population growth
(B) make loans to developing nations
(C) limit loans and investments to nations located in certain regions
(D) have refused to help the developing nations
Answers
Answer:
answer is b (make loans to developing nations
Bank manager Art Hill wants to determine the percent of time that tellers are working and idle. He decides to use work sampling, and his initial estimate is that the tellers are idle 12% of the time. (Round all intermediate calculations to at least two decimal places before proceeding with further calculations.) The number of observations that need to be taken by Hill to be 95.45% confident that the results will not be more than 6% from the true result = (round your response up to the next whole number).
Answers
Bank Manager Art Hill needs to take at least 1843 observations using work sampling to be 95.45% confident that the results will not deviate more than 6% from the true proportion of tellers' idle time.
Bank manager Art Hill wants to determine the idle time of tellers using work sampling. His initial estimate is that the tellers are idle 12% of the time.
To be 95.45% confident that the results will not deviate more than 6% from the true result, the number of observations Hill needs to take should be rounded up to the next whole number.
To determine the number of observations needed for the work sampling, we can use the formula:
n = (Z * Z * p * (1-p)) / (E * E)
where:
n = number of observations needed
Z = Z-value corresponding to the desired confidence level (in this case, 95.45%)
p = initial estimate (proportion of idle time, which is 12% or 0.12)
E = maximum allowable error (6% or 0.06)
First, we need to find the Z-value for a 95.45% confidence level. Looking up the Z-value in the standard normal distribution table, we find that it corresponds to approximately 1.81.
Substituting the values into the formula:
n = (1.81 * 1.81 * 0.12 * (1 - 0.12)) / (0.06 * 0.06)
Calculating the expression:
n = 6.6318 / 0.0036
n ≈ 1842.72
Since we need to round up to the next whole number, the number of observations needed is 1843.
Therefore, Bank Manager Art Hill needs to take at least 1843 observations using work sampling to be 95.45%.
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Why are most economies in the world today considered mixed economies?.
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Answer:
Why are most economies in the world today considered mixed economies? Most economies are considered mixed because most have some portion of the means of production under government control. Most economic systems also have some element of the market or capitalism.
Explanation:
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I need help with this
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Answer:
B. Someone new contributes money to the company, becoming an owner.
Explanation:
Common stocks or shares represent a portion of the company. Ownership of a share means owning a part of the company. Shares are also known as equity.
A company issues common stocks when it wants to raise additional capital. Anyone buying shares is contributing capital to the business. They become owners of the business or shareholders as popularly known. They are issued with share certificates and are entitled to dividends.
The column headed by a check mark in a checkbook register is provided so you can make a note of your checks that have bounced.
T or F
Answers
What is the problem in transition economies?
Answers
The problem in transition economies is excessive use of specialized terms is one of the main the difficulties in translating economic texts.
The transition economy or transitional economy is an economy which is changing from a centrally planned economy to a market economy. Transition economies undergo a set of structural transformations intended to develop market-based institutions.
The transition economies suffered from a lack of entrepreneurs and entrepreneurship, which make it more difficult to reform their economies and promote market capitalism.
In addition, there was also a skill gap with few workers having the necessary skills required by employers in the newly privatised firms.
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Mary Quinn, earns $25 per hour for a 40 hour work week and $40 per hour for overtime work. If Mary works 44 hours, her gross earnings are:
$1100. $1160. $2760. $1760.
Answers
Mary Quinn, earns $25 per hour for a 40 hour work week and $40 per hour for overtime work. If Mary works 44 hours, her gross earnings are $1160.
How to find the gross earnings of Mary Quinn?The number of hours worked by Mary Quinn in a week = 40 hours
The wage for Mary Quinn per hour = $25 for regular hours
The overtime wage for Mary Quinn per hour = $40 for overtime hours
The number of overtime hours worked by Mary Quinn in a week = 44 - 40 = 4 hours
Now,
Let's calculate Mary Quinn's gross earnings for a week:
Regular pay (for 40 hours) = $25 × 40 hours = $1000
Overtime pay (for 4 hours) = $40 × 4 hours = $160
Total Gross earnings = Regular pay + Overtime pay= $1000 + $160= $1160
Mary Quinn's gross earnings for 44 hours of work are $1160.
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You just received your financial aid offer and you see that you’ve been offered a Direct Subsidized Loan and a Direct Unsubsidized Loan. Assuming you accept both loans, explain how interest is handled differently between these two types of loans and how that can impact your monthly payments.
Answers
The way that interest is handled in Direct Subsidized Loan and a Direct Unsubsidized Loan is that:
Interest accrues (additionally) on loans with daily interest every day. You are not liable for paying the interest that accrues while you are in school if your loans are subsidized. Even when you're in school, if your loans are unsubsidized, you're still responsible for paying all accumulated interest.
While you are enrolled in school at least half-time or even during deferment periods, interest on your subsidized loans does not accrue.
Have interest-bearing loans, subsidized or unsubsidized?Subsidized loans clearly prevail when compared to unsubsidized loans. A subsidized loan will save you money throughout the course of the loan if you are eligible for one. You will pay less in interest costs. Nevertheless, not everyone will be eligible for a subsidized loan.
While enrolled at least half-time in school or during deferment periods, interest is not charged on subsidized loans. Loans that aren't based on financial need are known as unsubsidized loans, and they are available to both undergraduate and graduate students.
Therefore, with the use of a subsidized direct loan, the lender or government (for Federal Direct Subsidized Loans, also known as Subsidized Stafford Loans) pays your interest while you're in school (a minimum of one year).
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The young men below are in colloquial language, “getting their hustle on!” Explain how their business is a sole proprietorship. Secondly, explain why the government will have a difficult time taxing this type of business.
Answers
These businesses are typically not registered with the government, and they do not have an official structure.
The government may be unwilling or unable to regulate these types of businesses because they are frequently viewed as necessary for economic growth and development.
In colloquial language, the young men below are "getting their hustle on." A sole proprietorship is a type of business that is owned and operated by a single individual. The young men's business can be referred to as a sole proprietorship since they are the sole owners of the business.
They are the ones who started the business, are responsible for all of its operations, and are accountable for all of the profits or losses.The government will have a tough time taxing this type of business for a variety of reasons.
Firstly, these businesses are typically not registered with the government, and they do not have an official structure. As a result, it's difficult for the government to track their activities and evaluate their taxes.
Secondly, many of these businesses operate in the informal sector, and they do not have formal accounting procedures or systems in place. As a result, it's difficult for the government to determine their exact revenue and taxable income.
Thirdly, these businesses are frequently involved in cash transactions, and it's difficult for the government to monitor their cash flow and revenue. As a result, they may not accurately report their earnings or pay the required taxes.
Finally, the government may be unwilling or unable to regulate these types of businesses because they are frequently viewed as necessary for economic growth and development. As a result, they may not be heavily taxed, if at all, since the government may be hesitant to discourage their operations.
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Discovering a treatment for lung cancer would most satisfy which of these personal benefits of work?
Answers
Answer:
4 ling cancer u have to have the right medicine
Are savings account and deposit account the same thing?
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It is recommended that an entrepreneur avoid using the internet as a resource for finding information to write a business plan because the information found there is often incorrect and unreliable.
False
Answers
It is recommended that an entrepreneur avoid using the internet as a resource for finding information to write a business plan because the information found there is often incorrect and unreliable. FALSE
An entrepreneur is a person who has an concept and who works to create a product or service that humans will buy, in addition to an business enterprise to assist that effort. An entrepreneur takes on most of the hazard and initiative for his or her new business, and is regularly visible as a visionary or innovator.
The entrepreneur is defined as a person who has the ability and choice to establish, administer and succeed in a startup task along side chance entitled to it, to make profits. The pleasant instance of entrepreneurship is the starting of a new business venture.
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All taxpayers can make tax payments using a direct debit from their bank account.
True
False
Answers
Answer:
false
Explanation:
single order quantity inventory problem or newsboy problem:a hotel near the university always fills up on the evening before football games. history has shown that when the hotel is fully booked, the number of last-minute cancellations has a mean of 5 and standard deviation of 3. the average room rate is $80. when the hotel is overbooked, the policy is to find a room in a nearby hotel and to pay for the room for the customer. this usually costs the hotel approximately $200 since rooms booked on such late notice are expensive. how many rooms should the hotel overbook ?
Answers
The hotel cannot overbook a fractional number of rooms, the hotel should overbook 11 rooms to maximize their profit.
P(cancellation > x) = P(Z > (x - μ) / σ)
Profit = Revenue - Cost
Revenue = x * $80 (assuming all overbooked rooms are sold)
Cost = P(cancellation > x) * $200
Therefore, the hotel's expected profit can be expressed as:
Expected Profit = x * $80 - P(Z > (x - μ) / σ) * $200
d(Expected Profit) / dx = $80 - $200 * φ((x - μ) / σ) * (1 / σ) = 0
where φ is the standard normal probability density function. Solving for gives:
x = μ + σ * z
z = 1.645
Therefore, the optimal number of rooms to overbook is:
x = 5 + 3 * 1.645 ≈ 10.9
Revenue is the total amount of money a business earns through its operations, sales, and other sources of income during a specific period, usually a fiscal year. It is often referred to as the top line of a company's financial statement, which includes all the money received by the business before any deductions, such as expenses or taxes.
Revenue is a critical metric for businesses as it indicates the company's ability to generate income and is used to calculate important financial ratios like profit margins and earnings per share. A company's revenue can come from various sources, including the sale of goods or services, rental income, interest income, and capital gains.
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A company manufactures computer screens that utilize less electricity. Which form of technology would this be classified as?
A.
grid computing
B.
screenless display
C.
autonomic computing
D.
cloud computing
E.
green computing
Answers
Answer:
Green computing
Explanation:
A company manufactures computer screens that utilize less electricity. green computing form of technology would this be classified as. The correct option is E.
What are the five goals of green technology?Green technology lowers costs while improving product design, reducing waste, reducing our carbon footprint, and improving business efficiency. It also generates new jobs. A company creates computer screens with less electricity consumption.
Green computing also referred to as green technology, is the practice of using computers and other computing machinery in an environmentally and energy-friendly manner. Energy-efficient servers, peripherals, power systems, and central processing units (CPUs) are frequently used in businesses that employ green computing techniques.
Thus, the ideal selection is option E.
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GUIMARAS INC. has P3 million in total assets, P1.65 million in equity, and a P500,000 capital budget. To maintain the same debt-equity ratio, how much debt should be incurred? A. P50,000 B. P225,000 C. P275,000 D. P450,000
Answers
GUIMARAS INC. has P3 million in total assets, P1.65 million in equity, and a P500,000 capital budget. To maintain the same debt-equity ratio, debt should be incurred is P225,000. The correct answer is B. P225,000.
To maintain the same debt-equity ratio, we need to calculate the current debt-equity ratio and then use it to determine how much debt should be incurred.
The current debt-equity ratio can be calculated as follows:
Debt-Equity Ratio = (Total Assets - Equity) / Equity
= (P3,000,000 - P1,650,000) / P1,650,000
= P1,350,000 / P1,650,000
= 0.818181818
Now, we can use this ratio to determine how much debt should be incurred to maintain the same debt-equity ratio:
Debt = (Debt-Equity Ratio) x (Equity + Capital Budget)
= 0.818181818 x (P1,650,000 + P500,000)
= 0.818181818 x P2,150,000
= P1,759,090.91
Since the company already has P1,350,000 in debt, the amount of debt that should be incurred is:
P1,759,090.91 - P1,350,000 = P409,090.91
Therefore, the company should incur P409,090.91 in debt to maintain the same debt-equity ratio. However, this answer is not one of the options provided. The closest option is B. P225,000, so that is the correct answer.
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Think of remote management in businesses today and the different technologies that are in use. explain advantages and disadvantages of the increased use of remote management, giving examples of each.
Answers
Answer:
well being remote leads to lonely ness and the cost of not working with your co- workers directly and hands on. but the advantage of remote is you dint have to be doing as much such as dressing up or so on.
Explanation:
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Describe a primary decision maker in nike target segment: who they are, what they like, how they make buying decisions. Describe the primary problem(s) your organization, product or service will help them solve.
Answers
The primary decision maker in Nike's target segment is typically a young adult between the ages of 18-35 who is fashion-forward, health-conscious, and active. They value quality and performance in their athletic apparel and footwear but also prioritize style and trendiness.
When making buying decisions, this target segment often does research online and reads reviews from other consumers before making a purchase. They may also consider the brand reputation and the social and environmental impact of the company they are buying from.
The primary problem that Nike's products and services can help solve for this target segment is the need for high-quality, durable athletic wear and footwear that performs well during exercise or sports activities. Nike's products are designed to enhance performance and provide comfort, support, and style for athletes and active individuals. Additionally, Nike offers a range of digital services, such as the Nike Training Club app, that provide personalized workouts and training plans to help individuals achieve their fitness goals.
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Would you be more likely to get solar panels on your home or an electric vehicle because of tax incentives? Why or why not?
Answers
Answer:
I would most likely do solar panels because the addition of a solar energy system to your home doesn't increase the assessed value of your home. As a result, your property taxes don't go up.
Explanation:
For a new Madden video game, EA Sports decides to have Patrick Mahomes on the cover and run an ad campaign on ESPN. After the advertisement has run, EA Sports asks ESPN viewers if they recall the advertising and if it changed their attitudes about the product. What is this process called
Answers
The process that EA Sports carried out with the cover of the Madden video game was Perception Marketing.
What is perception marketing?Perception marketing is an economic term that refers to the set of marketing strategies focused on the consumer's perception of a specific product.
In general, perception marketing is responsible for modifying the image of the product so that it is the one that looks best compared to its competitors and thus generates a good perception in consumers.
According to the above, EA Sports used the image of a famous person so that consumers had a positive perception of their video game.
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