The total holding cost for the year using the given policy is $4,000.
To calculate the total holding cost for the year, we need to determine the average inventory held during the year. Since the demand is constant at 2,000 units and the company orders 500 units each time, the order quantity is higher than the annual demand. Therefore, the average inventory will be half of the order quantity. Average Inventory = Order Quantity / 2 = 500 / 2 = 250 units. The holding cost is 20% of the purchase cost per unit, which is ($40 * 0.20) = $8 per unit. Total Holding Cost = Average Inventory * Holding Cost per unit = 250 * $8 = $2,000. However, since the holding cost is calculated for the entire year, we need to multiply it by the number of working days in a year. Total Holding Cost for the Year = Total Holding Cost * Number of Working Days = $2,000 * 250 = $4,000. Therefore, the total holding cost for the year using this policy is $4,000.
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pat deposits $600 in a saving account at a simple interest rate of 6% per year for 5 years. How much money will pat have earned in interest at the end of 5 years
The money he would have earned as interest at the end of 5 years is $180.
How much interest would he have earned in 5 years?Interest is the total amount that is earned in excess of the amount deposited. Interest is a function of the amount deposited, time and interest rate.
Interest = amount deposited x time x interest rate
$600 x 5 x 0.06 = $180
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The money that pat will have earned in interest at the end of 5 years is $180.00.
What is simple interest?
Simple interest is determined as amount deposited multiplied by the annual interest rate and multiplied by the period that deposits last.
Total interest=deposit*interest rate*time
deposit=$600
interest rate=6%
time=5 years
Total interest for 5 years=$600*6%*5
Total interest for 5 years=$180.00
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hich of the following conditions is characteristic of a monopolistically competitive firm in both the short run and the long run
The conditions are numerous businesses, distinctive products, and open admission.
What is monopolistic competition?
An industry with a lot of companies offering similar (but not identical) replacement goods or services is known as one with monopolistic competition. In a monopolistic competitive industry, there are few barriers to entry and exit, and no firm's decisions directly affect those of its rivals.
Consumers are likely to be familiar with a variety of industries that exhibit monopolistic competition in their daily lives. Restaurants, hair salons, apparel, and consumer gadgets are a few examples. We'll take the case of home cleaning supplies to demonstrate the features of monopolistic competition.
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which is a way to increase your net worth
Ways to increase your net worth are
Contribute more money to your retirement fund.Reduce your spending.It's time to get rid of high-interest loans.Make a contingency fund. This is further explained below.What is net worth?Generally, taking into consideration all financial assets and obligations of a person/company/household.
In conclusion, Consolidate or renegotiate your debts.
Keep your vehicles for as long as you can.
Boost your wages
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Economists believe that resources should be used as efficiently as possible to:
Economists believe that resources should be used as efficiently as possible to: eliminate scarcity
An economist is a British weekly newspaper published in printed and digital demitab format with a focus on the current situation, international business, politics, technology, and culture.
The London-based newspaper is owned by The Economist Group, with major editorial offices in major cities in the United States and the continent of Europe, Asia, and the Middle East. In 2019, the average number of prints worldwide exceeded 909,476. Combined with its digital presence, this is over 1.6 million.
Through her social media platform, she reached 35 million viewers in 2016. Newspapers place a clear emphasis on data journalism and analysis, rather than the original coverage, which has been both criticized and perceived.
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Saving is always equal to:_______
Answer:
investment
Explanation:
This is because investment is determined by available savings in the economy. If there is an increase in savings, then banks can lend more to firms to finance investment projects. In a simple economic model, we can say the level of saving will equal the level of investment.
5.2 5.1.4 Suggest why the name of the newspaper Give an example in the play text of a TRC case, Rased on your understanding of the characters and situations in the play, ories? Give give answer
Truth and Reconciliation Commission, South Africa (TRC), courtlike body appointed by the new South African government in 1995 to help heal the country and bring about a reconciliation of its people by revealing the truth about human rights breaches that had happened during the period of apartheid.
What challenges did the TRC face?
The TRC was confronted by a number of challenges, as it was not tolerated by all parties to the conflict. The top echelons of the military did not collaborate with the commission. It was especially the foot soldiers in the security forces and those who were already detained or were facing charges who involved for amnesty.
What was the result of TRC?The Act supplied the possibility of reparations for victims of human rights infringements, and for clearing from prosecution for perpetrators.
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If the government initiates an expansionary monetary policy at the same time that its budget deficit decreases, then the interest rate will ______________________.
If the government initiates an expansionary monetary policy at the same time that its budget deficit decreases, then the interest rate will decrease.
What's finances deficit for example?A budget deficit happens when a government spends more in a given 12 months than it collects in revenues, along with taxes. As a simple instance, if a government takes in $10 billion in sales in a specific 12 months, and its costs for the identical year are $12 billion, it's miles running a deficit of $2 billion.
The two primary causes of a financial deficit are immoderate authorities spending and coffee tiers of taxation that do not cover expenditure. Tax cuts can cause declines in revenue and can result in a budget deficit, or, a huge monetary stimulus can boom government spending over and above the profits it receives.
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Firms use cost data to make decisions about how many units to produce based on their – costs. Increasing production may not always lead to an increase in profit. Increasing production will cause a firm’s – costs to increase, which could outweigh any benefits that were previously gained by lowering their overhead—which is determined by their – costs in the short run.
Firms use cost data to make decisions about how many units to produce based on their fixed and variable costs.
How to illustrate the information?Increasing production may not always lead to an increase in profit.
Increasing production will cause a firm’s variable costs to increase, which could outweigh any benefits that were previously gained by lowering their overhead which is determined by their average fixed costs in the short run.
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Firms with a very limited advertising budget would be very unlikely to use ________ advertising.
Firms with a very limited advertising budget would be very unlikely to use television advertising.
The process of developing and showing television ads with the intention of promoting a good or service is known as television advertising.
One of the most popular and efficient ways to reach people is through television advertising. This is due to the wide reach, frequency, and effect it provides.
It's crucial to pick the correct time and price to display the advertisement for companies with a tight advertising budget.
A successful advertising campaign is the consequence of making a number of good choices, such as how frequently the advertisement is aired, how many people watch it each time, and the level of engagement it generates.
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Although some risks are inherent, what means of cash disbursements is the most effective and efficient?.
Although some risks are inherent, electronic funds transfer (EFT) means of cash disbursements is the most effective and efficient.
What exactly is an electronic funds transfer (EFT)?By using a computerized network, an electronic funds transfer transfers money from one account to another. With EFTs, a bank account is required for both the sender and the recipient. Fund transfers can take place between accounts that are not at the same financial institution. EFT payments can be made over computers, phones, or card readers by both private individuals and commercial entities.
EFTs credit (reduce) the account of one person and debit (raise) the account of the other person. Electronic banking also refers to EFT transactions. Cash and paper checks are not required because everything is paperless.
The Electronic Fund Transfer Act (EFTA) governs these transactions. Individuals who use EFT payments are safeguarded by the EFTA, a federal statute.
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When the price of pistachio nuts is $7.50 per lb. the quantity demanded is 48 lbs. When the price of pistachios is $9.00 per lb. the quantity demanded is 40 lbs. When the midpoint formula is used to measure the price elasticity of demand we can say that the demand for pistachio nuts is
Unit-elastic
The amount required is 48 pounds while the price of pistachio nuts is $7.50 per lb. The amount needed is 40 pounds when pistachios cost $9.00 per lb. We can state that the demand for pistachio nuts is Unit elastic when the midpoint formula is applied to calculate the price elasticity of demand.
Unit Elastic - The economic theory known as unit elastic demand holds that when a product's price changes, the quantity desired also changes in an equal and proportional manner. In other words, the percentage change in price and the percentage change in demand for the product are equal. Consider the elastic demand on a basis of units per unit.
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Preferred stockholders are given preference over common stockholders in ______. (Select all that apply)
Preferred stockholders are given preference over common stockholders in payment of dividend and the claim on company assets.
What are Preferred shareholders?Preferred shareholders receive dividend payments prior to common shareholders since they have priority over the company's income. The company's assets are distributed to preferred shareholders, bondholders, and debtors in that order; common investors are paid out last.
A component of share capital known as preferred stock is often regarded as a hybrid instrument since it might have any combination of characteristics that common stock does not, including characteristics of both an equity and a debt instrument.
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When a long-run average cost curve illustrates economies of scale it will be ________.
When a long-run average cost curve illustrates economies of scale it will be downward sloping.
What is long-run average cost curve?Long-run average cost curve show both goods and the price that good is been sold.
The curve shoes the goods with the lowest price when the price of factors and process involved in production is fixed.
Therefore, When a long-run average cost curve illustrates economies of scale it will be downward sloping.
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When marina purchased several bottles of coke beverages and snacks to bring to her family’s holiday celebration, it represented the purchase of:.
When marina purchased several bottles of coke beverages and snacks to bring to her family’s holiday celebration, it represented the purchase of: consumer products
This is further explained below.
What are consumer products?Generally, Consumer goods, often known as final goods, are items that are purchased by people or families for their own consumption.
In conclusion, While shopping for drinks and food to bring to her family's Christmas gathering, Marina picked up numerous bottles of Coca-Cola.
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The combination of product lines offered by a manufacturer is called the firm's:
Answer:
product mix
Explanation:
The combination of product lines offered by a manufacturer is called the firm's: product mix.
Why is it important for you, the first aid responder, to ask questions using SAM and do a focused check of the responsive person
It is important for one, the first aid responder, to ask questions using SAM and do a focused check of the responsive person is to deduce information or determine the strength and weaknesses of the responder towards medication to avoid negative reactions.
What is the import of SAM?In eukaryotic cells, SAM serves as a regulator of a variety of processes including DNA, tRNA, and rRNA methylation; immune response; amino acid metabolism; transsulfuration; and more. In plants, SAM is crucial to the biosynthesis of ethylene, an important plant hormone and signaling molecule.
Therefore, the correct answer is as given above
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A salesperson who has anticipated customer doubt about a product and formulated proper responses is ready to:____.
After a salesperson has been able to anticipate customer doubt about a product and then formulated a response to it, the salesperson is then ready to Answer objections.
When does a salesperson answer objections?In order to come up with a proper solution to an objected by a customer, a salesperson needs to be prepared for that objection in the first place.
They therefore need to anticipate the objection and the doubt that the customer has and then they can come up with a solution to the customer's problem.
Once they come up with that solution, they shouldn't keep it to themselves but rather they should then present it to the customer to see if it is satisfactory.
In conclusion, the salesperson should answer objections.
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Another name for a consumer’s willingness to pay is the___________.
a.hidden budget.
b.expense cap.
c.reservation price.
d.limiting cost.
Another name for a consumer’s willingness to pay is the reservation price (option C).
What is the reservation price?Reservation price is the highest amount of money that the consumer of a good would be willing to pay for a good or service. The reservation price is a function of the utility the consumer derives from the good. The higher the utility a consumer derives from the good, the higher the reservation price.
Once the price of a good is below the reservation price, the consumer would purchase the good. Once the reservation price is exceeded the consumer would not purchase the good. Reservation price varies with consumers.
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How a researcher knows what is topical within his or her subject and why it is important to know that
The research topic that the researcher finds is interesting and hence, he becomes anxious to complete the research work to add value to existing gap.
The research's "what," or the subject to be examined, is provided by the topic. The researcher can locate the research in the literature by defining and identifying the "what" of the study. The drive to pursue an interest is personally generated by curiosity. You can concentrate interest by concentrating on accuracy and clarity.
You must select one study topic that can be thoroughly studied. Clearly define your bounds. Take into account this illustration of topic concentration. Try this question instead of "I am interested in why children are not succeeding": "What effect does comprehending specialised academic language have on accomplishment in the natural sciences for third-grade Hispanic second-language learners?"
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Herring and henderson contend that diversity includes valuing differences between groups but must also include addressing issues of ______, ______, and ______
Herring and Henderson contend that diversity includes valuing differences between groups but must also include addressing issues of parity, equity, and inequality.
The diversity business case has its roots in the evolution of the diversity model in the workplace since the 1960s. In the United States, the original diversity model was based on affirmative action in line with the goals of equal employment opportunities set out in the Civil Rights Act of 1964.
The idea is that anyone who is academically or physically qualified for a particular job can aspire (and perhaps succeed) to win a designated job without discrimination based on identity. Equal employment opportunities based on.
This compliance-based model led to the idea that Tokenism was the reason people were hired by the company when they were different from the dominant group. Minority group dissatisfaction eventually changed and/or increased the desire for perfect employment opportunities in any job.
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The profit-maximizing rule of mr=mc states that in the short run, the firm will maximize profit or minimize loss by producing the output for which marginal revenue ______ marginal cost.
The profit-maximizing rule of mr=mc states that in the short run, the firm will maximize profit or minimize loss by producing the output for which marginal revenue is equal to marginal cost.
The marginal cost of production and marginal revenue both are those economic measures which are used to determine the amount of output to be produced and the price per unit of a product that will maximize profits.
A rational company always seeks to get as much profit as it can, and the marginal revenue and the marginal cost of production relation helps them to identify the level at which the maximum profit occurs to them. In this case, the target is for marginal revenue to equal marginal cost
When marginal revenue will be less than the marginal cost of production, it will mean that a company is producing too much and should decrease its production until marginal revenue equals the marginal cost of production. On the other hand, when the marginal revenue is greater than the marginal cost, then the company is not producing enough quantity of goods and should increase its output until profit is maximized.
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It is accurate to think of a fixed exchange rate as a simultaneous price ceiling and price floor.
a. True b. false
It is accurate to think of a fixed exchange rate as a simultaneous price ceiling and price floor. True
A price ceiling is the maximum amount, mandated by law, that a seller can charge for a product or service. It's generally applied to consumer staples.
A price ceiling is a limit on the price of a good or service imposed by the government to protect consumers by ensuring that prices do not.
A price ceiling is a legal maximum price that one pays for some good or service. A government imposes price ceilings in order to keep the price of some necessary goods or services affordable.
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Ron Landscaping's income statement reports net income of $76,700, which includes deductions for interest expense of $12,600 and income taxes of $36,300. Its times interest earned is:
Its time's interest earned is = 9.968 Times.
What is times interest?
The ability of a business to make debt payments on time is gauged by the interest coverage ratio or times interest collected. EBIT or EBITDA divided by the total interest expense might be used to determine it.
Times interest = [tex]\frac{Earnings before Interest and Tax}{Interest}[/tex]
Earnings before Interest and tax = Net Income + Interest + Tax
Earnings before Interest and tax = 76,700 ₊ 12,600 ₊ 36300
Earnings before Interest and tax = $1,25,600
therefore,Times intererst = [tex]\frac{Earnings before Interest and Tax}{Interest}[/tex]
Times interest = [tex]\frac{1,25,600}{12,600}[/tex]
Times interest = 9.968 Times.
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________ cash flows arise from intracompany and intercompany receivables and payments while ________ cash flows are payments for the use of loans and equity.
The two cash flows described in the statement are respectively; Operational and Financing
What is the type of Cash Flow?The first blank part is called Operational Cash Flows because it is a measure of the amount of cash generated by a company's normal business operations.
The second blank part is called Financing Cash flows because it shows the net flows of cash that are used to fund the company and its capital.
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By developing , a company can reduce its production costs if it can purchase raw materials in bulk; the average cost of goods goes down as production levels increase.
By developing, a company can reduce its production costs if it can purchase raw materials in bulk; the average cost of goods goes down as production levels increase: economies of scale
Raw materials are materials or substances used inside the number one production or production of products. Raw materials are commodities that are bought and bought on commodities exchanges globally.
Raw materials are the input goods or inventory that a corporation needs to fabricate its materials. A raw material or feedstock is the basic material from which a product is manufactured or made, frequently used with an extended meaning.
Raw materials example
Palm oil.Soya.CoffeeWood and paper.learn more about Raw materials here
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What Tamika loves about her job is that every day brings new challenges, and she can use different talents and abilities to complete her job tasks. This is an example of which core job characteristic
According to the research, Tamika's example represents the skill variety core job characteristic.
What is the Job characteristic theory?It consists of specifying the work activities of an individual or a group in the context of an organization.
It is linked to the characteristics of the position and individual differences influence motivation, satisfaction, productivity and abandonment tendencies such as absenteeism.
The skill variety is the performance of various activities by workers, so that they use many of their skills and abilities.
Therefore, we can conclude that according to the research, Tamika's example represents the skill variety core job characteristic.
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Gloria is a broker for Jan. Jan is not satisfied with Gloria's work, so she fires her by email three months into a six-month term of a written listing agreement. Gloria is indignant and refuses to stop working for Jan based on her understanding of how agency works. Can Gloria legally continue to work for Jan
No, Gloria can not legally continue to work for Jan, because Jan has withdrawn her consent for Gloria to act on her behalf.
What is meant by consent?Consent refers to the parties' mutual comprehension of the terms of the agreement. The contract requires the voluntary assent of both parties. If there are certain mistakes, or if one party attempts to deceive or pressure the other, consent will not be considered voluntary or genuine.
The importance of consent in business-
Regardless of how you phrase it, consent helps us be more successful marketers. It makes us "ethical" marketers who recognize that acting morally will increase our chances of success in addition to ensuring that we abide by the law.The three sorts of consent that an organization may get are as follows:
Explicit Consent: An individual must be given a clear choice regarding whether to agree or object to the collection, use, or disclosure of their personal information in order to give their explicit consent.Implicit Consent: Implied consent is consent that isn't explicitly given by a person but is instead inferred from their behavior and the specific facts and circumstances surrounding the scenario (or, in certain cases, from their silence or inactivity).Opt-out Consent: Organizations do not need to get the user's consent before collecting and using their personal data if they have an opt-out consent.To know more about laws and regulations important for employers, here
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All of the following are benefits provided by monsoons in South and Southeast Asia, except __________. A. increased flooding B. the provision of needed water C. an improved economy D. greater food production
The Correct answer is Increased Flooding which is Option A.
A flood is the accumulation of water over normally dry land. It’s caused by the overflow of inland waters (like rivers and streams) or tidal waters, or by an unusual accumulation of water from sources such as heavy rains or dam or levee breaches.
Why Increased Flooding is an exception and not a benefit?Floods are the most common (and among the most deadly) natural disasters in India. They have brought destruction to every state and nearly every county, and in many areas they are getting worse. As global warming continues to exacerbate sea level rise and extreme weather.This occurs when a river or stream overflows its natural banks and inundates normally dry land. Most common in late winter and early spring, river flooding can result from heavy rainfall, rapidly melting snow, or ice jams.Increased Flooding is the only drawback of monsoons among other 3.
Following are the mentioned benefits.:-
B) The provision of needing water - there is enough amount of water.
C) Improved economy - Improvement of a greater economy.
D) Greater food Production - Monsoon helps in greater food production.
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If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should ________ to maximize profits.
If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production and increase the price to maximize profits.
Who is a monopolist?monopolist serves as the entity that dominates a particular market in term of production, he is the one that has the highest control of the market and make the most profits.
It should be noted that If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production .
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What are two inputs to the solution vision?
Customer feedback and Strategic Themes are two inputs to the solution vision.
A high-level architectural plan that addresses present company needs is a solution vision. These requirements include the architectural layer changes. As modifications in architecture are never the intended goal alone, it always has business benefit.
The Vision provides a summary of the developed Solution's potential future state. It reflects the features and capabilities that have been offered to address the needs of customers and stakeholders.
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