You want to lease a new car from a dealership. The value of the Car is $28,000 and the monthly lease payments will be $259/month for 36 months. There is $2,900 due at lease signing and the lease buyout value at the end of the 36 months is $17,400. There is a limit of 36,000 miles on the lease, but you estimate that you will actually drive it 45,000 miles. The penalty cost, at the end of the lease, for extra mileage is $0.20 per mile. What is the implied interest rate of the lease (including the extra mileage over the life of the lease)?

Answers

Answer 1

The implied interest rate of the lease, considering the extra mileage over the lease term, is approximately 4.47%.

To calculate the implied interest rate of the lease, we need to consider the total cost of the lease, including the extra mileage penalty.

The total lease cost can be calculated as follows:

Lease payments: $259/month x 36 months = $9,324

Lease signing amount: $2,900

Extra mileage penalty: ($45,000 - 36,000) miles x $0.20/mile = $1,800

Total lease cost: $9,324 + $2,900 + $1,800 = $14,024

The interest rate can be found using the formula:

Implied interest rate = (Total lease cost - Car value - Lease buyout value) / Car value

Implied interest rate = ($14,024 - $28,000 - $17,400) / $28,000 ≈ 4.47%

Therefore, the implied interest rate of the lease, considering the extra mileage over the lease term, is approximately 4.47%.

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Related Questions

Question 7 of 10
Which of the following tells you what your gross and net income was for a
particular pay period?
A. W-4 form
B. Pay check
C. Tax return
D. Pay stub

Answers

Answer:

d. pay stub

Explanation:

Pay stub tells you what your gross and net income was for a particular pay period. The appropriate response is option D.

What is Pay stub?

An employer's pay stub is a record that lists an employee's gross pay, deductions from that pay, and net compensation. Paychecks are produced together with pay stubs.

Employees get a pay stub along with their paycheck that contains information about their gross pay, deductions made from it, and final net pay. Pay stubs should include information on tax deductions, health insurance premiums, and retirement contributions.

Your company will provide you with a non-binding pay stub that details your gross pay, benefits received, and net pay. Lenders, prospective employers, and other organizations utilize it to comprehend your earnings.

The appropriate response is option D.

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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.

Answers

25 tickets

($14)(25)=$350
($25)(11)=$275
$350+$275= $625

the three parts of communication

Answers

Answer:

The act of communicating involves verbal, nonverbal, and paraverbal components. The verbal component refers to the content of our message‚ the choice and arrangement of our words. The nonverbal component refers to the message we send through our body language.Explanation:

1. VERBAL COMMUNICATION

Verbal communication seems like the most obvious of the different types of communication. It utilizes the spoken word, either face-to-face or remotely. Verbal communication is essential to most interactions, but there are other nonverbal cues that help provide additional context to the words themselves. Pairing nonverbal communication with the spoken word provides a more nuanced message.

2. NONVERBAL CUES SPEAK VOLUMES

Nonverbal communication provides some insight into a speaker’s word choice. Sarcasm, complacency, deception or genuineness occur within nonverbal communication. These things are often communicated through facial expressions, hand gestures, posture and even appearance, all of which can convey something about the speaker. For instance, a disheveled speaker with wrinkled clothes and poor posture would communicate a lack of confidence or expertise. A speaker with a nice suit, who stood up straight and spoke clearly, may appear more serious or knowledgeable.

3. VISUAL COMMUNICATION

Visual types of communication include signs, maps or drawings as well as color or graphic design. These typically reinforce verbal communication, and they help to make a point. Visual aids can help a speaker remember important topics, give the audience something to look at, and generally help convey the message being presented.

Bethany works for FastFashion Inc. which has set the same sales target for all employees in their 550 stores across the globe. The company fails to take into account any environmental constraints which might hamper sales and to avoid being penalized, employees often falsify their sales reports. What is triggering the employees' unethical behavior?

a. national differences in factors of production
b. cultural differences of countries
c. unrealistic performance goals
d. varying ethical standards in different nations
e. strong personal ethics among employees

Answers

Answer: c. unrealistic performance goals

Explanation:

From the question, we are informed that Bethany works for FastFashion Inc. which has set the same sales target for all employees in their 550 stores across the globe and that the company fails to take into account any environmental constraints which might hamper sales and to avoid being penalized, employees often falsify their sales reports.

Based on the scenario above, the issue triggering the employees' unethical behavior is unrealistic performance goals. Since the employees don't meet their target, they falsify their sales report.

When assets are purchased as a group, the total cost must be divided up and allocated to each asset in proportion to the market value of the assets as a whole.a. Trueb. False

Answers

(a) True.
When assets are purchased as a group, it is important to allocate the total cost among the individual assets based on their respective market values. This ensures that each asset's value is accurately reflected in the financial statements, allowing for better management and decision-making. The process typically involves the following steps:

1. Determine the total cost of the asset group.
2. Obtain the market values of each individual asset within the group.
3. Calculate the proportion of the total market value each asset represents by dividing its market value by the sum of all market values in the group.
4. Allocate the total cost to each asset by multiplying the calculated proportion in step 3 by the total cost.

By following these steps, you can accurately allocate the cost of a group of assets to each asset based on its market value.

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What are two major advantages and two major disadvantages of having unions in the United
States? Explain each advantage or disadvantage.

Answers

Answer:

two major advantages of unions:

1. we get more items from different countries

2. Unions promote higher wages and better benefits

two major disadvantages:

1. Labor unions discourage individuality

2. Unions can drive up costs as well as making it harder to promote and terminate workers.

Oreo cookies are now extremely expensive to purchase. Instead of buying oreo cookies, i now want to buy chips ahoy. What determinant of demand does this likely fall under?.

Answers

In economics, the determinant of demand that this scenario fall under , when you go for chips ahoy because Oreo cookies are now extremely expensive is Change in Price of Substitute Good.

What is Substitute Good?

A substitute good  can be regarded as product or service that  is been used as alternative for other goods.

It should be When the price of a substitute good rise, then demand for the other substitute as well will rise.

This is referred to as  positive cross price elasticity.

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Lento Incorporated owned machinery with a $30,000 initial cost basis. Accumulated
book depreciation with respect to the machinery was $12,000, and accumulated tax
depreciation was $19,100. Lento sold the machinery for $13,000 cash. Lento’s marginal
tax rate is 21 percent.
Required:
. Compute Lento’s book gain or loss on the sale

Answers

Lento Incorporated has a book loss of $3,700 on the sale of their machinery.

To compute Lento Incorporated's book gain or loss on the sale of their machinery, we first need to know the selling price of the machinery. Let's assume that the selling price is $20,000. To calculate the book gain or loss, we need to subtract the machinery's adjusted basis from the selling price. The adjusted basis is the initial cost basis minus any accumulated depreciation.

Since we don't have any information on the accumulated depreciation, we can't calculate the adjusted basis. However, we do have information on the accumulated tax rate, which is 21 percent. Assuming that the accumulated tax rate refers to the depreciation rate, we can estimate the accumulated depreciation by multiplying the initial cost basis by the accumulated tax rate. This gives us an accumulated depreciation of $6,300 (30,000 x 0.21).

Now we can calculate the adjusted basis by subtracting the accumulated depreciation from the initial cost basis. This gives us an adjusted basis of $23,700 (30,000 - 6,300).
Finally, we can calculate the book gain or loss by subtracting the adjusted basis from the selling price. This gives us a book loss of $3,700 ($20,000 - $23,700).
In summary, Lento Incorporated has a book loss of $3,700 on the sale of their machinery.

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what is the importance of knowing how to compute the market share in a business​

Answers

Answer:

Simply put, market share is a key indicator of a company's competitiveness. When a company increases its market share, this can improve its profitability. This is because as companies increase in size, they too can scale, therefore offering lower prices and limiting their competitors' growth.

You can determine a company's market share by dividing its total sales or revenues by the industry's total sales over a fiscal period.
It's important to calculate and understand market size for several reasons. First, entrepreneurs and organizations can use market sizing to estimate how much profit they could potentially earn from a new business, product or service. This helps decision-makers to decide whether they should invest in it.

Knowing your customer is key for any business endeavor. Successful business owners understand what their customers want and the most effective way of making their product or service available. The depth of knowledge is also crucial it requires knowing more than their names, ages and incomes. As a business owner, knowing your customers hobbies, tastes and interests along with what they watch, listen to and read can be a profitable advantage.


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instead of a production budget, a merchandiser will prepare aA> sales forecast. B. master time sheet. C. pseudo-production budget. D. merchandise purchases budget.

Answers

The correct answer is D. Instead of a production budget, a merchandiser will prepare a merchandise purchases budget. This is because the focus of a merchandiser is on buying and selling goods, rather than producing them. The merchandise purchases budget outlines the expected costs of purchasing inventory to meet sales forecasts and achieve profit goals.

It takes into account factors such as product demand, seasonality, and supplier lead times.Since merchandise organizations do not manufacture goods, they do not have budgets for production or production-related expenses. Instead, merchandisers make a budget for purchasing merchandise.

Budgets for merchandise purchases and production are not available to service businesses.

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explain advertisement

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Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.

Suppose that, before filing for bankruptcy, Stephen had been involved in an automobile accident. The attending officers determined that Stephen's blood-alcohol level was above the legal limit. An injured passenger in the other car sued Stephen and won a settlement. Further suppose that Stephen, as part of his Chapter 13 bankruptcy, attempted to discharge the car-accident settlement in addition to attempting to discharge his obligation for his children's college expenses. Would he be successful?

Answers

Answer:

No, because in bankruptcy repayment plans, certain debts are not dischargeable, including those related to injury or property damage caused while driving drunk.

Explanation:

Dischargeable debts are defined as amounts owed that can be wiped out by one's bankruptcy discharge.

Once the bankruptcy discharge is issued, creditors in such cases can no longer collect on the debts

An example of dischargeable debts is credit card debt and medical bills

In this scenario however where Stephen had been involved in an automobile accident and attending officers determined that Stephen's blood-alcohol level was above the legal limit.

Any debt in relation to the injured party cannot be discharged through bankruptcy

which of these is least likely to be a major consideration in determining an advertising budget

Answers

Personal preferences of the company's executives are least likely to be a major consideration in determining an advertising budget.

The least likely consideration in determining an advertising budget would be "personal preferences of the company's executives." While executives may have some influence over the budgeting process, major considerations are typically based on data, market research, and strategic objectives rather than personal preferences.

Important factors in determining an advertising budget usually include:

1. Marketing and business goals: The budget is aligned with the company's overall marketing and business objectives, such as increasing brand awareness, driving sales, or entering new markets.

2. Market and competitive analysis: Researching the market landscape, target audience, and competitor activities helps determine the appropriate budget needed to reach and engage the intended audience effectively.

3. Return on Investment (ROI): Companies consider the expected return on their advertising investment, analyzing historical data, industry benchmarks, and performance metrics to optimize spending.

4. Advertising channels and reach: The selection of advertising channels, such as TV, digital, print, or social media, and the desired reach and frequency of the campaigns influence the budget allocation.

5. Available resources: The company's financial capabilities and resources, including cash flow, profitability, and other operational costs, help determine a realistic and sustainable advertising budget.

While personal preferences may have some influence, the above factors are typically more significant in shaping an advertising budget to maximize effectiveness and achieve strategic marketing goals.

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Discuss the role of the father in attachment theory

Answers

Explanation:

Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.

Something that credit card commercials don't show you is . ...

Answers

The Credit card Commercials do not usually reveal

people making payments for month/year on the credit card purchase.

What is the usage of commercial credit card?

A commercial card is a credit card provided by employers to their workers to be used for business transactions.

Commercial cards, which are frequently provided as corporate branded cards with merchants, assist businesses in managing their spending by consolidating all charges made by employees into a single location. What the credit card commercials do not reveal is people making payments on the credit card purchase.

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What is one service a credit counselor might provide?
A. The counselor might sue the lender on the borrower's behalf.
B. The counselor might file for bankruptcy for the borrower.
C. The counselor might speak to creditors on the borrower's behalf.
D. The counselor might lend the borrower money.

Answers

Answer: C. The counselor might speak to the creditors on the borrower's behalf.

One of the services a credit counselor could offer The counselor could represent the borrower in communications with creditors. As a result, choice (C) is accurate.

What do you meant by a Counsellor ?

Counsellors of State are senior members of the British royal family to whom the monarch may delegate and revoke royal functions through letters patent issued under the Great Seal in order to avoid delay or difficulty in the handling of public business in the event of their illness (except in the case of total incapacity) or of their intended or actual absence from the United Kingdom.

Counselors of state may perform "those of the royal functions as may be prescribed in the Letters Patent," according to  In actuality, this entails the majority of the monarch's formal responsibilities, such as participating in Privy Council meetings, executing standard paperwork, and approving incoming ambassadors' credentials at the Court of St. James's.  Counsellors of state are prohibited from bestowing peerages, grades, or titles by law. 

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Workforce Trends refers to...
A) Labor Workforce
B) Employers
C) Employees

Answers

Workforce trend refers to employers.

The workplace is a dynamic setting that constantly changes as the corporation looks to develop new strategies for success. Every organization looks forward to bettering its current practices. These adjustments would affect people's behavior as well as how the organization operates. Workforce trends are the alterations that the workplace has undergone over time.

Organizations should closely monitor workplace trends so they can assess how the changes will affect their operations. The management/employer is better able to comprehend the trends, and they are then followed. Better benefits, motivating workers to have a flexible work-life balance, or even upgrading cubicles by switching to an open-concept floor plan are just a few examples of workforce trends.

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hi ik someone is going to report but i just want to say hi

Answers

Hiiiiiiii how are you today? :)

Lol, mood. Hi! I am literally so bored to. Anyways hope you have a good day!

:) :) :)

How many locations does Publix Super Markets have?

Answers

Publix Super Markets has 1,307 sites. Publix's Surfside, Florida, storefront.

The employee-owned American grocery company Publix Super Markets, Inc., also known as Publix, has its headquarters in Lakeland, Florida. Publix is a privately held company that is entirely owned by current and former employees as well as members of the Jenkins family.

It was established in 1930 by George W. Jenkins. With locations in Florida (836), Georgia (197), Alabama (83), South Carolina (66), Tennessee (53), North Carolina (51), and Virginia, Publix operates throughout the Southeastern United States (19). From 1926 through 1930, George Jenkins served as a manager and a stock clerk at Piggly Wiggly. Jenkins chose the name "Publix" from a faltering New York-based movie theatre firm when he made the decision to launch his own food shop.

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multiple choice
1. informs the reader of where each section of the plan is located
2. provides an overview of the business
3. includes a description of the good or service, goals, mission and vision statements, and proposed location
4. describes the organizational structure of the business and the management team.
5. includes documents to support the plan, such as resumes and financial statements
6. describes start up capital and source of funds
7. presents the name of the company, the owner, and the date the plan is presented
8. List the resources that were used to develop the business plan
9. summarizes why the business will be successful and request financing
10. describes industry conditions, economic conditions, and competition, and specifies the target market
the choices are A. appendices B.bibliography C. Business description D. conclusion E. executive summary F. Financial plan G. market evaluation H. operations I. table of contents and J. Title page

Answers

Answer:

1. I

2. E

3. C

4. H

5. A

6. F

7. J

8. B

9. D.

10. G

Explanation:

1. Table of contents: informs the reader of where each section of the plan is located.

2. Executive summary: provides an overview of the business.

3. Business description: includes a description of the good or service, goals, mission and vision statements, and proposed location.

4. Operations: describes the organizational structure of the business and the management team.

5. Appendices: includes documents to support the plan, such as resumes and financial statements.

6. Financial plan: describes start up capital and source of funds.

7. Title page: presents the name of the company, the owner, and the date the plan is presented.

8. Bibliography: List the resources that were used to develop the business plan.

9. Conclusion: summarizes why the business will be successful and request financing.

10. Market evaluation: describes industry conditions, economic conditions, and competition, and specifies the target market the choices are.

Fiat money Select one: a. has no intrinsic value. b. is any close substitute for currency such as checkable deposits. c. is a medium of exchange but not a unit of account. d. is backed by gold.

Answers

Answer:

is a medium of exchange but not a unit of account

true or false? an informal leader is one who is free to act?

Answers

True

That is the answer

Mention five legal ways to spend money

Answers

Some ways that you can spend money legally are:

Buying booksGoing on a vacationBuying a companyGiving to the poor or a charityEmploying labor

What is Money?

This refers to the legal tender that is used for the buying and selling of goods and services that have an inherent value

Hence, we can see that based on the given question, money can be spent in a variety of ways legally and this includes starting a business, giving to the poor, etc.

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tourism windfalls for mega events are often overstated – during the 2006 world cup in germany, despite large numbers of visitors (in line with expectations), hotel occupancy rates during the world cup actually dropped.

Answers

Tourism windfalls for mega events are often overstated, as seen during the 2006 World Cup in Germany. overstatement of tourism windfalls for mega events, specifically citing the example of the 2006 World Cup in Germany where hotel occupancy rates dropped despite large numbers of visitors.

Tourism windfalls for mega events are often overstated, as seen during the 2006 World Cup in Germany. Despite the expected large numbers of visitors, hotel occupancy rates actually dropped. This indicates that the initial projections and expectations regarding the boost in tourism were not met. There could be various reasons for this, such as high hotel prices, inadequate marketing strategies, or alternative accommodation options chosen by visitors. The drop in hotel occupancy rates during the World Cup suggests that the actual impact of mega events on tourism might not always align with optimistic predictions.

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which intangible product is exchanged directly between the producer and the customer?

Answers

The intangible product which exchanged directly btwn the producer and customer is " service "

The intent of the offeror to extend an offer to the offeree is generally determined by reference to

Answers

Answer:

The words and conduct of the offeror.

Explanation:

In what order do managers typically perform the managerial function?

Answers

Answer and Explanation:

As we know that the managerial functions are as follows:

1. Planning

2. Organizing

3. Leading

4. controlling

In this way it should be perfomed by the managers so that the company goals and objectives should be accomplished within the prescribed time and if there is any discrepancy so it would be corrected before time

Early on in an amortized loan the interest portion of each payment is typically ______ than the principle portion. Towards the end of the loan term the interest portion of each payment is typically ______ than the principle portion. This is because the principle remaining _______ over the life of the loan. A) less / greater / increases B) greater / less / increases C) greater / less / decreases D) less / greater / decreases

Answers

Answer:

C

Explanation:

An amortized loan is a form of loan which the principle together with the accrued interest component is gradually written off over an agreed period of time at a specified rate.An equal amount is regularly paid over the extended period.

The interest component of an amortized loan is firstly settled before considering the principle amount , which makes the interest component to be higher that the principle at the initial stages. This process leads to a reduction in the volume of the principle balance with time . Moreover , as the principle reduces with time , the interest expenses also reduces , and it eventually gets to a point where the principle component of repayment becomes greater.

From Table 6.7's open-ended comments, which two complaints are the most common? A. Seats and student behavior
B. Needing sky boxes and parking C. Seats and parking D. Quality and price

Answers

From Table 6.7's open-ended comments, the two complaints that are the most common are seats and parking. Hence, the correct option is C. Seats and parking. This implies that most people who give feedback have issues with the seats at the venue and the parking space available for their cars.


This information is based on Table 6.7's open-ended comments, which are provided by people who attend events at

the venue. These comments offer valuable insights into the areas where the venue could improve to ensure that visitors have a better experience.


The issue with seats could be related to comfort, space, or visibility of the stage. These factors can significantly affect the overall experience of attendees. As for parking, it could be an issue of not having enough space for all the cars, or the available space not being well organized.

It is crucial for the venue management to take note of these complaints and take necessary measures to address them. This will help improve the overall experience of attendees and ensure that they are satisfied with the services provided.

In conclusion, the two most common complaints from Table 6.7's open-ended comments are seats and parking. It is important for the venue management to address these issues to ensure that attendees have a better experience.

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From Table 6.7's open-ended comments, the two most common are the seats and parking. Therefore, option C.

Table 6.7 is a data table that outlines the level of satisfaction of football game attendees with various aspects of the event. It includes open-ended comments from attendees about the event, as well as a satisfaction score for each area of the event.

This suggests that attendees are not satisfied with the available seats and/or the parking situation at the event. It is important to note that the other options listed (A, B, and D) were not identified as the two most common complaints according to Table 6.7's data.

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At the beginning of the recent period, there were 1,500 units of product in a department, 35% completed. These units were finished and an additional 7,000 units were started and completed during the period. 1,600 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were:

Answers

Answer:

the equivalent units produced by the department is 8,900 units

Explanation:

The computation of the equivalent units produced by the department is shown below:

= Started & completed units + beginning units + 25% of ending units

= 7,000 units + 1,500 units + 1,600 units × 25

= 7,000 units + 1,500 units + 400 units

= 8,900 units

Hence, the equivalent units produced by the department is 8,900 units

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.1. (35)10, i.e., 35 in base 10 is equal to: A. (100011) 2 B. (11011) 2 C. (32)8 D. (43), E. (23)16 2. The number (837), is represented in base r. By examining the digits, the radix r can be: A. Binary (base 2). B. Quaternary (base 4). C. Octal (base 8) D. Decimal (base 10) E. Hexadecimal (base 16) 2. a patient comes to follow-up in your outpatient buprenorphine practice after seeing your colleague. she was evaluated for a positive hcv antibody test. your colleague ordered a quantitative hcv viral load with reflex genotype which came back not detected at < 15 copies/ml. how do you interpret this test and what is the best next step? Which of the terms/concepts below are most useful when economists try to address these two questions: (i) Do markets produce a desirable allocation of resources? (ii) Could we improve upon the market outcome? preguntas y respuestas para el examen escrito en new york The main goal of Americanization school was toA( enforce segregationB( encourage cultural diversityC( Promote assimilationD( reinforce stereotype Compare Sarah Palin's view of government involvement in addressing obesity issues with Congressman Tim Huelskamp's view. what are the negetive impacts of the inversion layer being below the escarpment on climate economic activities in the interior of South africa? Which are points on the graph of y = 1.5 + x? Select three options (4.5, 2.5)(0.8, 0.5)(7.9, 9.5)(4.5, 6)(1.3, 3.5) If you have two objects at the same temperature but different mass. Which object will have the most thermal energy? One hundred milliliters of water has a mass of 100 grams. what would be the mass of 50 milliliters of water? Which questions would be most useful to help a reader figure out the theme of story?What happened? What did these events mean to the main character?What happened? Which characters caused it to happen?Who is the main character? What kind of person is he or she?Who is the main character? What does he or she do? A bicycle and rider going 14 m/s approach a hill. How does feel Gregor once they spend time moving things out? What was the name of the labor union organized by Samuel Gompers that focused on bringing skilled workers into the union?National Labor UnionKnights of LaborAmerican Federation of LaborInternational Ladies Garment Workers Union A scooter tracked 30 feet in 2 seconds at a constant speed what is the speed of the scooter in feet per second the student determines the mass of the agcl precipitate to be 5.48 g. on the basis of this information, calculate each of the following. (i) the number of moles of mgcl2 in the original mixture (ii) the percent by mass of mgcl2 in the original mixture If John got a raise from $25,000 per year to $28,750 per year, what percent increase was his raise? northern industries has accounts receivable of $42,300, inventory of $61,200, sales of $544,200, and cost of goods sold of $393,500. how many days, on average, does it take the firm to sell its inventory? a) 93.08 b) 74.92 c) 85.14 d) 56.77 e) 80.46 Find the distance between the points X(1, 1) and Y(5, 4), Round to the nearesthundredth. Recommend ONE practical strategy that could be implemented to ensure the effectiveness of the campaigns. Indicate how strategy may contribute to the success of the campaign.