The seasonal index for the third quarter is .26.
To calculate the seasonal index, first find the average quarterly sales for each year. For year 1, the average is (150+140+190+165)/4 = 161.25. For year 2, the average is (160+148+210+175)/4 = 173.25. Then, find the ratio of each quarter's sales to its respective yearly average. For example, for year 1's third quarter, the ratio is 190/161.25 = 1.1786. For year 2's third quarter, the ratio is 210/173.25 = 1.2121. Finally, find the average of these ratios: (1.1786+1.2121)/2 = 1.1953. Multiply by 100 to get the percentage, which is 119.53%. Subtract 100% to get the seasonal index: 119.53% - 100% = 19.53%, which is approximately .26 or 26%.
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A company has an overhead application rate of 125% of direct labor costs. How much overhead would be allocated to a job if it required direct labor costing $20,000
The correct answer is $25,000.
Direct labor cost = $20,000
Overhead application rate = 125% of direct labor cost
Overhead applied =20000 * 125% = $25,000
Direct labor refers back to the salaries and wages paid to people that can be once attributed to unique products or services. It includes the price of regular operating hours, extra time hours labored, payroll taxes, unemployment tax, Medicare, employment insurance, and so forth.
A direct exertions fee is calculated actually by using dividing the predicted total hard work price by using the overall direct exertions hours. For example, if the charge is for a Machinist stage I, the enterprise would calculate the mixture of wages plus taxes and fringe advantages the business enterprise pays for this hard work class over the following yr.
Once you have got the entire value, the direct labor fee is calculated by means of dividing that dollar quantity by way of the whole hours of labor calculated in advance. The end result is the direct exertions cost consistent with the hour for the production of that product or the shipping of that service.
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The purpose of environmental scanning is to:
Environmental scanning is the process of gathering information about events and their relationships within an organization's internal and external environments. The basic purpose of environmental scanning is to help management determine the future direction of the organization.
A shift in the political climate ought to cause a financial shift. An alternate in the legal regulations across the sale or manufacture of products in a specific industry could play a full-size function in a corporation's capability to keep making or promoting its merchandise.
Depending on the employer's beliefs approximately environmental analyzability and the quantity that it intrudes into the environment to understand it, four modes of scanning may be differentiated: undirected viewing conditioned viewing, enacting, and searching.
Environmental scanning is a procedure that systematically surveys and interprets applicable data to pick out external possibilities and threats that would affect future decisions. it's miles closely associated with a S.W.O.T. evaluation and must be used as a part of the strategic making plans procedure.
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Kyle would increase his consumption of turkey sandwiches from 7 to 9 per week if their price fell from $6 to $4. This illustrates the idea of:_______
Kyle would increase his consumption of turkey sandwiches from 7 to 9 per week if their price fell from $6 to $4. This illustrates the idea of the law of diminishing marginal utility.
The introductory economics textbook Principles of Economics was written by N. Gregory Mankiw, a professor of economics at Harvard.
As of 2020, there have been nine editions since its initial release in 1997. Prior to the book's publication, there was debate over the substantial advance author Greg Mankiw received from publisher Harcourt.
More than a million copies have now been sold, bringing in at least $42 million for Mankiw.
Mankiw made the decision to donate the textbook royalties he had been collecting from his students to charity after hearing their concerns about the cost.
Principles of Economics is the required text for introductory courses in American economics departments.
It is the "most commonly used economics textbook," according to its current publisher Cengage.
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To support the other promotional efforts, firms use ________ to generate free media attention.
In order to support other promotional methods, firms would try to generate free media attention using Public Relations.
What is the use of public relations?Public relations is used by companies to talk about recent developments such as new products.
This therefore generates free media attention that can then be augmented by, or augment other promotional efforts such as television ads.
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During the financial crisis congress and president obama authorized tax cuts and increases in government spending. according to the phillips curve, in the short run these policies should have_________.
According to the Phillips curve, in the short run, these policies should have Raised inflation and reduced unemployment.
The Phillips curve is an economic theory that bears the name of William Phillips, who postulated a link between declining unemployment and higher rates of wage growth in an economy. According to the Phillips curve, unemployment and inflation are inversely related. Lower unemployment is correlated with higher inflation, and vice versa.
The short-run Phillips curve will also change as a result of the anticipated inflation rate. Employers are more willing to offer higher wage rates when they anticipate selling their products for greater prices in the future. Workers bargain for higher salary rates when they anticipate inflation.
The Phillips curve's slope reveals how quickly prices are changing. Imagine that the government wants to bring the inflation rate to zero and that the economy is at NAIRU with a 3% inflation rate.
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The consumer buying process begins when
Answer:
The consumer buying process begins when consumer recognize that they an unsatisfied need.
What percentage of the u.s. gross national product is accounted for by healthcare costs?
19.7% of the u.s. gross national product is accounted for by healthcare costs.
The Gross National Product is the approximation of the total value of all goods and services which are produced by a country’s citizens and citizen-owned businesses.
GNP is generally calculated by adding up the following:
Total personal consumption expenditures (PCE)
Total government expenditures
Gross private domestic investment (GDPI)
Total income earned by citizens from overseas investments
Net exports
and then subtract domestic income earned by foreign residents
A big difference between GDP and GNP can indicate a strong involvement with international trade, production, or financial operation.
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Amazon’s home delivery of groceries and Instacart’s delivery of Whole Foods items are found where on the market development curve?
a) Early adopters b) Innovators c) Laggards d) Late majority
The home delivery of groceries by Amazon and Instacart's Whole Foods delivery fall under the market development curve of a. Early adopters.
Who are the early adopters?These are people who are the first to try out a product before the rest of the market.
Amazon's grocery delivery service is a new service being offered by the company so those that use it are the first to use it which makes them early adopters.
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Someday, __________ could revolutionize the production of many items. for now, however, it is mostly used to create prototypes and molds.
Someday, 3D printing could revolutionize the production of many items. for now, however, it is mostly used to create prototypes and molds. Agriculture and handicrafts-based economies were replaced during the Industrial Revolution with ones focused on large-scale industry, automated manufacturing, and the factory system. Existing industries became more productive and efficient thanks to new tools, power sources, and labor arrangements.
These first three industrial revolutionize shaped our contemporary culture. The world we live in underwent a profound transformation with the advent of each of these three innovations: the steam engine, the age of science and mass production, and the growth of digital technology.
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Esmeralda promises to pay fiorello $400 because ""he does not have as much money as other people. "" esmeralda’s promise is not enforceable because.
Esmeralda's promise is not enforceable because society does not want gifts cheapened by making them legally enforceable because society does not want gifts cheapened by making them legally enforceable.
A legally enforceable contract means that you can keep the promise of the other party. If the other party fails or refuses to meet its obligations, the contract can be fulfilled in accordance with the law.
A non-enforceable contract or transaction is valid but not enforced by the court. Unenforceable is typically used in conflict with void (or void ab initio) and voidable. If the parties implement the agreement, it is valid, otherwise, the court will not enforce them.
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A duty that a principal owes to pay an agreed-upon amount to the agent either upon the completion of the agency or at some other mutually agreeable time is known as a principal's ___ __
A duty that a principal owes to pay an agreed-upon amount to the agent either upon the completion of the agency or at some other mutually agreeable time is known as a principal's duty to compensate.
What is principal's duty to compensate?An agency connection may be complimentary or compensated. The principal is required to pay the agent reasonable compensation if the conditions of compensation are not specified in the agency agreement.
The main duty owed to the principal are-
A principal's obligations to an agent are primarily to pay the agent as agreed upon and to indemnify and hold harmless the agent from any claims, liabilities, or costs incurred as a result of the agent properly carrying out the principal's instructions.A principal has legal obligations to fulfil toward an agent. The two main obligations a principle has to an agent are to pay the agent as agreed upon and to indemnify and hold the agent harmless from any claims, liabilities, or costs incurred as a result of the agent properly carrying out the principal's instructions.The principal is responsible for paying the agent any commissions that may be due to him in that capacity, as well as any other money owed to the agent for advances made or legitimate expenditures spent by the agent while acting as the principal's agent.Therefore, unless the agent has decided to act for free or gratuitously, the principal must pay the agent.
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Which best describes why countries establish limits on international trade? choose three answers.
Best describe why countries establish limits on international trade are:
-To limit foreign influence in a sector
-To limit the importation of foreign goods
-To discipline other countries
ProtectionismIt refers to Economic guidelines in which a country bounds the imports of other countries using some method which are necessary fr international trade.
To punish other countriesIt is also named sanctions. It is a fine that is imposed on another country. Countries can set limits on trade as a sanction and such boycotts can be in any form.
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The proposition that increases in the government budget deficit has no effect on aggregate demand is called the
The proposition that increases in the government budget deficit has no effect on aggregate demand is called the Ricardian Equivalence Theorem.
What is Ricardian Equivalence Theorem?According to the economic principle known as Ricardian equivalence, paying government expenditures with current taxes or future taxes (as well as current deficits) will have similar impacts on the overall state of the economy. Therefore, increased government expenditure that is financed by debt will not be able to stimulate the economy since investors and consumers are aware that the loan would eventually need to be repaid through future taxes.The hypothesis contends that consumers will save because they anticipate paying higher taxes in the future to reduce the debt, which will counteract the rise in aggregate demand brought on by higher government spending.
Therefore, The proposition that increases in the government budget deficit has no effect on aggregate demand is called the Ricardian Equivalence Theorem.
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Rottino Company purchased a new machine on October 1, 2014, at a cost of $150,000. The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life.
Compute the depreciation expense under the following methods for the year indicated.
a. Straight-line for 2014
b.Units-of-activity for 2014, assuming machine usage was 1,700 hours.
c. Declining -balance using double the straight-line rate for 2014 and 2015.
Answer:
Explanation:
the answer does not make sense
Threadless allows customers to submit their own designs and to vote on which designs they would like to see printed on a T-shirt. This business uses
In the given case where Threadless allows customers to submit their own designs and to vote on which designs they would like to see printed on a T-shirt. This business uses a crowdsourcing technique.
Crowdsourcing is the process of gathering data, viewpoints, or creative output from a large number of individuals, typically online.
Through the use of crowdsourcing, businesses may access individuals with a variety of skills and viewpoints from around the world while also saving time and money.
Crowdfunding, in contrast to crowdsourcing, is used to raise money to help individuals, nonprofit organizations, or start-up businesses.
Cost reductions, speed, and the opportunity to collaborate with people who possess abilities that an internal team might lack are all benefits of crowdsourcing.
Hence, This business uses a crowdsourcing technique.
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According to the pie chart, which function consumed the largest portion of government expenditures in 2003
According to the pie chart, providing retirement income for older citizens consumed the largest portion of government expenditures in 2003. It takes up about 22% of the whole expenditure.
What does retirement income entail?Social Security payouts and any other benefits from annuities, retirement or profit-sharing plans, insurance policies, IRAs, etc. are all examples of sources of retirement income.
Income from retirement may be wholly or partially taxed.
What Constitutes a Good Retirement Income?
Approximately 80% of your pre-tax salary before retiring, according to AARP, is a respectable retirement income. This is due to the fact that you won't be covering any income tax or other employment-related expenses once you stop working.
Where Does the Money for Retirement Come From?
There are many different ways for people to fund their retirement. These might include inflation-protective investment accounts, government-sponsored benefits, or ongoing wages. In general, it's better to have a variety of these kinds of income to make sure you have enough to live comfortably.
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Identify which statement is true of specialty products. Group of answer choices They are made directly available to a consumer through direct mail. They are relatively inexpensive and merit little shopping effort. They are easily substituted with other products. They are distributed to only a few outlets in a geographic area. Flag question: Question 47
The true statement about specialty products is D. They are distributed to only a few outlets in a geographic area.
What is a specialty product?A specialty product is a consumer good available at limited retail locations. It implies that there is a limited supply of specialty products.
Specialty goods are mostly high-end and high-priced goods. They are not frequently purchased by consumers.
Thus, the true statement about specialty products is D. They are distributed to only a few outlets in a geographic area.
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Which method for counting gross domestic product focuses on the money paid for all the factors of production as well as profits earned by business owners?
The method of GDP calculation that looks at the profits earned by business owners and the money paid for factors of production is the Income approach.
How is the income method of GDP used?With the income method, the total amount that was paid for to access the factors of production is looked at.
This shows how much spending happened in the economy. The profits of entrepreneurs is also looked at as it is income earned, and not money spent on production.
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Student financial aid can be awarded in
the form of:
Grants.
Work-study.
Loans.
Scholarships.
It should be noted that Student financial aid can be awarded in
the form of:
Grants.Work-study.Scholarships.What are Student financial aids ?Student financial aids serves as the financial assistance that is been offered to students by government to support their academic goals so as to be able to help them to achieve their goals.
It should be noted that Student financial aid can be awarded in
the form of Grants as well as Work-study which will allow the student to make a little money to support his academics bills.
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A syndicate distributes shares in an IPO with an effective date of February 10. Corporate securities are delivered by the issuer to syndicate members on February 7. The syndicate exercises a greenshoe option on February 15. By what date must the syndicate manager complete final settlement of syndicate accounts
Within 90 days after February 7. The 90-day clock begins on the syndicate settlement date, the date on which corporate securities of a public offering are delivered by the issuer to syndicate members. No later than the final settlement date, the syndicate manager must provide each underwriter with an itemized statement of all costs and allocations.
An IPO is what?
An initial public offering (IPO) denotes a company's "turning public," or change from private to public ownership.
An initial public offering is when a private firm offers its first equity to the general public (IPO). A company's ownership is essentially changing from private ownership to public ownership through an IPO. Because of this, the IPO procedure is occasionally referred to as "going public."
For businesses whose stocks are already traded publicly, there are additional forms of equity fresh issue offers outside IPOs, such as:
Continuation of the offering:
a corporation issuing more stock that is already traded publicly.A follow-on offering dilutes a person's position since new shares are issued.Secondary offering:
a registered sale of previously issued securities held by substantial investors, like a private equity firm or another institution.Since the shares were already issued, a secondary offering has no dilutive effect on a customer's stake.Learn more about IPO with the help of the given link:
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What term is used to refer to crimes committed by individuals in the course of their daily business activities
White-collar crimes is used to refer to crimes committed by individuals in the course of their daily business activities.
Financially driven, nonviolent or indirectly violent crime committed by people, businesses, or government officials is referred to as "white-collar crime." Public corruption, healthcare fraud, mortgage fraud, securities fraud, and money laundering are just a few examples of white-collar crime, which is often non-violent in nature.
White collar crimes are those that involve deception, secrecy, or breach of trust. They are done by people in the business world. The personnel who perpetrate the crimes are typically motivated by greed for money or by a fear of losing their jobs, money, or property. They typically involve deception.
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Imagine a world where we run out of internet "real estate" or ip addresses. What do you think would happen? how does this compare to an internet that is limitless?
As the IPv4 cope with pool depletes, some ISPs will no longer be able to provide globally routable IPv4 addresses to customers. despite the fact that, customers are probable to require access to services at the IPv4 internet.
The net is extra constrained by the combination of available bandwidth, and sorts of content getting used, than by way of the wide variety of public ip's available.
There also are markets that promote and reallocate vintage IPv4 addresses for reuse. However, most importantly, the net will never virtually run out of IP addresses way to a more moderen widespread: IPv6.
The internet has changed business, schooling, authorities, healthcare, and even the ways wherein we interact with our cherished ones it has come to be one of the key drivers of social evolution. The changes in social conversation are of precise significance.
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Which of these goods may be considered rivalrous in consumption and nonexcludable?
a) wilderness areas
b) national defense
c) broadcast television reception
d) fire insurance
Answer:
A
Explanation:
step by step explanation
When a customer asks me to do something that is someone else’s job, I am MOST likely to:________
a) Find the appropriate employee and introduce them to the customer
b) Escalate the customer to my manager so that they receive all the assistance they need
c) Give them the contact information for appropriate person
d) Do what I can for the customer, even if it means doing things that are not my job
e) Politely tell the customer that I am not allowed to do what they are asking me
When a customer asks for something other than my duty I am most likely to : A) Find the appropriate employee and introduce them to customer.
What is a Customer?A customer is the person who purchase the goods and or services from the company, through this contract the company earns revenue and profits.
A customer is also known as the King because it is the one who is the key player for the business, a slight negative publicity or impression can make the company go out of business.
Therefore the customer should be responded with the correct response to their queries and for this it is recommended that the relevant personnel attends the customer and resolves the query on time, as time is also a great factor here, the customer query needs to be resolved on time that is effective and efficient.
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Which term represents a set of tasks or activities that produce desired outcomes?
a. business process
b. trigger
c. outcome
d. enterprise resource planning
e. none of the above
Business process represents a set of tasks or activities that produce desired outcomes. A business process is a series of steps taken by a group of stakeholders to accomplish a specific goal. Each step of a business process represents a task assigned to a participant.
It serves as the foundation for several related concepts such as business process management, process automation, and so on. Business process management (BPM) is a systematic approach to improving processes that assists organizations in meeting their business objectives. If a company is unable to perform certain business activities internally due to cost or resource constraints, it may turn to business process outsourcing.
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Suppose that new type of mining equipment replaces low-income miners, but require highly skilled technicians to operate and maintain. The new equipment will shift the demand curve for low-income workers to the ______ while shifting the demand curve for high-income workers to the _____. Group of answer choices
Suppose that new type of mining equipment replaces low-income miners, but require highly skilled technicians to operate and maintain. The new equipment will shift the demand curve for low-income workers to the left while shifting the demand curve for high-income workers to the right.
What is Shift in Demand Curve ?
A shift in the demand curve occurs when a determinant of demand other than price changes. It occurs when demand for goods and services changes even though the price didn't.
What is Demand Curve Shifts Left?The demand curve shifts to the left if the determinant causes demand to drop. That means less of the good or service is demanded. That happens during a recession when buyers' incomes drop. They will buy less of everything, even though the price is the same.
What is Demand Curve Shifts Right?The curve shifts to the right if the determinant causes demand to increase. This means more of the good or service are demanded even though there's no change in price. When the economy is booming, buyers' incomes will rise. They'll buy more of everything, even though the price hasn't changed.
Therefore, we can conclude that the correct option is B.
Your question is incomplete, but most probably your full question was:
Suppose that new type of mining equipment replaces low-income miners, but require highly skilled technicians to operate and maintain. The new equipment will shift the demand curve for low-income workers to the ______ while shifting the demand curve for high-income workers to the _____.
Group of answer choices:
A. left, left
B. left, right
C. right, left
D. right, right
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If business planning predicts that your gross margins will be small, you would be best advised to:______
If a business predicts that its gross margins are going to be low they can try to increase sales and alternatively they can cut the other costs to have a positive net profit margin.
What is Gross Profit Margin?Gross Profit Margin is the percentage of the Gross Profit as compared to Revenue, Gross profit is calculated as the revenue deduct cost of goods sold.
The sales can be increased by excessive marketing of the product and the cost of admin, finance cost and other irrelevant costs can be cut down to have a positive net profit margin.
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The hutchinsons own a house that is currently appraised at $545,000. They owe $397,000 on the deed of trust and would have $65,000 in selling expenses. What is their net equity in the property?
Their net equity in the property is $83,000.
Equity represents the price that might be back to a agency's shareholders if all the property had been liquidated and all the employer's money owed were paid off. We can also think of equity as a degree of residual ownership in a firm or asset after subtracting all money owed associated with that asset.
The time period refers to fairness and justice and is prominent from equality: while equality method imparting the equal to all, fairness approach recognizing that we do not all start from the equal location and must well known and make adjustments to imbalances.
Disclaimer:-your question is incomplete, please refer below for complete question.
A.$83,000
B. $148,000
C. $213,000
D. $480,000
The correct answer is option A.
To calculate equity,
subtract outstanding liens and estimated selling costs from the currently appraised value of the home as property.
⇒ ($545,000 − $397,000 − $65,000
⇒ $83,000).
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You are using earned value analysis to track your project's progress. In your project, earned value is higher than planned value. That means the project is _____.
In your project, the earned value is greater than the planned value. This means the project is ahead of schedule and under budget.
What is project management?It is the set of strategies and methods used by the project leader so that all stages of the project occur as planned, that is, techniques for achieving the project objectives, reducing negative risks and using the stipulated budget and schedule.
Therefore, it is essential that the project manager is monitoring all stages of the project, reducing unnecessary costs and integrating the team to increase productivity and meet the schedule.
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A number of countries in the world have achieved sustained economic growth. In all of these countries, what is the source of this growth?.
The source of sustainable growth comes from the country's productivity growth aligned with the growth of the workforce.
How does economic growth occur?Economic growth comes from economic strategies and policies to encourage productivity, increasing a country's per capita income and GDP. It is essential that the country's government seeks to implement the economic sector by encouraging entrepreneurship, reducing bureaucratization and training the workforce.
Therefore, sustainable economic growth helps to maintain income, job opportunities and increase the quality of life of citizens.
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