Acme Inc. has the following information available:
Actual price paid for material $1.00
Standard price for material $0.90
Actual quantity purchased and used in production 100
Standard quantity for units produced 110
Actual labor rate per hour $ 15
Standard labor rate per hour $ 16
Actual hours 200
Standard hours for units produced 220
1. Compute the material price and quantity, and the labor rate and efficiency variances.
2. Describe the possible causes for this combination of favorable and unfavorable variances.
Answers
Answer:
1. Computation of variances
a. Material Price Variance = (Actual Price - Standard Price) x Actual Quantity
= ($1 - $0.9) x 100
= $10 U
b. Material Quantity Variance = (Actual Quantity - Standard Quantity) x Standard Price
= (100 - 110) x $0.9
= $9 F
c. Labor Rate Variance = (Actual Rate - Standard Rate) x Actual hours
= ($15 - $16) x 200
= $200 F
d. Labor Efficiency Variance = (Actual hours - Standard hours) x Standard Rate
= (200 - 220) x $16
= $320 F
2. Description of the possible causes for this combination of these variances
a. This could be due to scarcity of resources or major demand for this material, thus prices increasing in the market. Or could be purchase of high quality material than budgeted.
b. This could be because of purchase of higher quality material thus lower damages and could also be due to the efficiency of manufacturing plants.
c.This could be because of the use of less qualified cheap labor.
d.This could be due to good management of labors and strict overseeing, co-ordination of their work activities.
Related Questions
You loaned $100 to a friend for one year at a nominal rate of interest of 3 percent. Inflation during that year was 2 percent. How much did the purchasing power of your money change (an increase is positive and a decrease is negative)
Answers
Based on the information given the purchasing power of your money change Increase by approximately 1 percent.
Purchasing powerUsing this formula
Purchasing power=Nominal rate of interest-Inflation rate
Where:
Nominal rate=3%
Inflation rate=2%
Let plug in the formula
Purchasing power=3%-2%
Purchasing power=1% increase
Inconclusion the purchasing power of your money change Increase by approximately 1 percent.
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Yolanda first breaks down
Answers
The programming design approach represented in this scenario is modular programming. The programming design approach represented in this scenario is object-oriented programming.
What is programming?The process of creating a set of instructions that tells a computer how to perform a task is known as programming. Computer programming languages such as JavaScript, Python, and C++ can be used to create programs.
Modular programming is the programming design approach represented in this scenario. Yolanda divides the entire game into modules, which are then subdivided further into smaller modules until the individual parts are manageable for programming.
Thus, this method entails representing data and functions as objects and employing inheritance and polymorphism to generate flexible and reusable code.
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complete question.
Identify which type of programming design approach each represents
Yolanda first breaks down the whole game she needs to program into modules. She then breaks these modules into smaller modules until the individual parts are manageable for programming. She writes the smallest modules, and then recombines them into larger parts.
Assume a project with and outlay of 200, and inflows of 100 for three years, starting one year from today. Find IRR.
Answers
Answer:
Explanation:
The internal rate of return (IRR) is the discount rate that makes the net present value (NPV) of the cash flows from the project equal to zero. To find the IRR, you can use a financial calculator or spreadsheet software that has a built-in IRR function.
In this case, the initial outlay is -200 and the cash flows for the next three years are 100, 100, and 100.
The IRR can be calculated using excel formula =IRR(values,guess) where values is the range of cells containing the cash flows and guess is the estimated IRR.
Alternatively, you can use online IRR calculators as
You were recently hired by Scheuer Media Inc. to estimate its cost of capital. You obtained the following data: D1 = $1.75; P0 = $42.50; g = 7.00% (constant); and F = 5.00%. What is the cost of equity raised by selling new common stock?
Answers
The cost of equity raised by selling new common stock is 11.33%.
Using this formula
re = D1/(P0 × (1 - F)) + g
Where:
re=Cost of equity=?
Dividend(D1)=$1.75
Stock price(P0)=$42.50
Growth rate(g)=7.00%
Floatation cost (F)=5.00%
Let plug in the formula
re =1.75/(42.50 × (1 - 0.05)) + 0.07
re=1.75/(42.50×0.95)+0.07
re=(1.75/40.375)+0.07
re=0.04334365+0.07
re=0.1133×100
re=11.33%
Inconclusion the cost of equity raised by selling new common stock is 11.33%.
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Answer:
According to the case, the five kinds of share are directly relevant and can be calculated from the provided information are:
1. Authorized Capital
2. Issued Capital
3. Un-issued Capital
4. Subscribed Capital
5. Called-up Capital
Explanation:
Authorized Capital:
The authorized capital is known as the registered capital of the company, Authorized capital is the maximum amount of share that a company is authorized to issuing share to its shareholders.
In this case, the Alpha limited company registered on 5th January 2023 with the capital of 500,000 which is divided into 25,000 ordinary shares and the value of each share is Rs. 20.
Issued Capital:
The issued share capital of company is monetary value of shares which legally offers by company to its shareholders.
In this case, the Alpha limited company on 20th of January offered for sale to the public from authorized capital. The company put forward 15,000 and the value of each share is 20 Rs. Consequently, the company’s issued capital is 300,000 Rs (15,000 shares x 20 Rs.) .
Un-issued Capital:
The un-issued share capital reflects the part of authorized capital stock that the company has not yet issued to the public.
In this case, the Alpha limited company has not issued his 10,000 shares, and the value of each share is 20 Rs so its total un-issued capital is Rs. 200,000 (10,000 shares x 20 Rs.).
Subscribed Capital:
The subscribed capital is the portion of issued capital for which the public has been subscribed and the company has accepted.
In this case, the Alpha limited company on 23rd January received applications for 14,500 shares from the public which informed by company’s bank, so the subscribed capital is Rs. 290,000 (14,500 shares x 20 Rs.).
Answers
The five kinds of capital that are directly relevant are:
Authorized Capital: Rs. 500,000Issued Capital: Rs. 300,000Un-issued Capital: Rs. 200,000Subscribed Capital: Rs. 290,000Called-up Capital: Rs. 290,000What is a called-up capital?The called-up capital refers to the portion of the subscribed capital that the company has demanded and the shareholders are required to pay.
In this case, the Alpha limited company called up the entire subscribed capital of Rs. 290,000 on 25th January. Therefore, the called-up capital is also Rs. 290,000.
Summarily,
- Authorized Capital: Rs. 500,000
- Issued Capital: Rs. 300,000
- Un-issued Capital: Rs. 200,000
- Subscribed Capital: Rs. 290,000
- Called-up Capital: Rs. 290,000
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what is the PEST factors that could influence the MJA Inc. marketing strategy
Answers
The PEST Factors that could influence the MJA INc. Marketing strategy are;
Politically, India, South and North Korea have the most erratic economies, with high taxes and enforcement, as well as war tensions.
Environmental: Economic and global economic slowdown, as well as stagnating development in established markets, are reason for concern, as is the introduction of the Corona virus.
Sociocultural - changing client demand and a strong core culture are what MJa Inc. has dealt with and reoriented itself across worldwide marketplaces to stay ahead of the curve.
Technological - Pervasive creative tactics have challenged Samsung's portfolio as well as portfolios from competitors such as Apple, Dell, Sony, and Xiaomi. However, with its unrivaled premium market and upmarket advances that rivals have just lately replicated, MJA has been quick to move and easily stays ahead of the curve.
Note that MJA is a player is in the Personal Computer businesses Segment.
What is PEST Factors?PEST Factors are factors that are outside the control of an organization. Such factors are classified accordingly:
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Use the above Cash account to determine (a) cash flows used by investing activities and (b) cash flows provided by financing activities.
Answers
Add your dividends paid to the repurchase of debt and equity to determine your cash flow from financing activities. Next, deduct the sum from cash inflows from issuing equity or debt to arrive at your cash flow from financing activities. Likewise, a cash flow statement contains these.
How do you calculate cash provided by investing activities?The cash flow statement of a business shows the cash flow from investments. Any inflows or outflows of money from long-term investments made by a company are included in cash flow from investing activities. The amount of cash and cash equivalents entering and leaving a company is shown on the cash flow statement.
A company's cash flow statement includes a section called cash flow from financing activities (CFF), which details the net cash flows used to finance the business. Transactions involving equity, debt, and dividends are all examples of financing activities.
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Malcolm (37) is a U.S citizen
Answers
Answer: good for him
Explanation:
Which of the following is the alternating periods of expansion and contraction in the economy?
Answers
The term "business cycle" describes the economy's cyclical expansion and contraction. It's also known as the boom-and-bust cycle or the economic cycle. This sort of conduct is seen in all free-market systems.
Business cycles are a sort of variation that may be found in the overall economic activity of a country. A business cycle is made up of expansions that occur roughly at the same time in many different economic activities, followed by contractions that are similarly widespread (recessions). This series of modifications is periodic but not recurrent.
The four stages of an economic cycle—also known as a business cycle—are expansion, peak, contraction, and trough. Since 1950, the length of an economic cycle in the United States has generally ranged between five and a half years.
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The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.40 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year indefinitely. Required:(a) If investors require a 11 percent return on The Jackson-Timberlake Wardrobe Co. stock, what is the current price
Answers
Answer:
$24.5
Explanation:
Calculation for What is the current stock price
Current stock price=$1.40 (1+.05) / (.11-.05)
Current stock price=$1.40 (1.05) / (.11-.05)
Current stock price=$1.47/0.06
Current stock price=$24.5
Therefore the current stock is $24.5
Calcular el interes que genera un capital emprestado de $ 15500 a una tasa del 6,5% anual durante 240 dias
Necesito ayuda
Answers
Answer:
I think answer is 41.97.
Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar. Merchandise (Invoice Amount) Freight Paid by Seller Freight Terms Returns and Allowances (Invoice Amount) a. $8,450 $200 FOB destination, 2/10, n/30 $1,200 b. 4,400 500 FOB shipping point, 1/10, n/30 700
Answers
a. $8,450 invoice with $1,200 returns and allowances, and $200 freight paid by the seller, with terms FOB destination, 2/10, n/30
Net amount due = $8,450 - $1,200 = $7,250
Discount = 2% x $7,250 = $145
Net amount due after discount = $7,250 - $145 = $7,105
Freight charge = $200 (already paid by seller)
Amount to be paid = $7,105 + $200 = $7,305
Therefore, the amount to be paid for invoice (a) is $7,305.
b. $4,400 invoice with $700 returns and allowances, and $500 freight paid by the seller, with terms FOB shipping point, 1/10, n/30
Net amount due = $4,400 - $700 = $3,700
Discount = 1% x $3,700 = $37
Net amount due after discount = $3,700 - $37 = $3,663
Freight charge = $500 (already paid by seller)
Amount to be paid = $3,663 + $500 = $4,163
Therefore, the amount to be paid for invoice (b) is $4,163.
E-Wisdom, a publishing company, implements a new business strategy to keep both talent and information within the organization by creating their own content instead of outsourcing it. In the given scenario, which of the following factors has most likely influenced the company's new business strategy?
a. The potential for role ambiguity
b. The potential for data loss
c. The potential for employee burnout
d. The potential for intragroup conflict
Answers
Answer:
B: poten of data loss
Explanation:
Which of the following statements is true of financial leverage
Answers
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Answers
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
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Matt Christopher is a 30-year-old mechanical engineer, and his salary next year will be $80,000. Matt expects that his salary will increase at a steady rate of 6% per year until his retirement at age 60. If he saves 10% of his salary each year and invest these savings at an interest rate of 8%, how much will he have at his retirement
Answers
Answer:
f
Explanation:
Many companies have a _____ that their employees are responsible for abiding by. code of unethics code of ethics set of rules set of laws
Answers
Answer:
Code of Ethics
Explanation:
Answer: B) code of unethics
Explanation:
an opportunity cost is a type of A.  benefit B. decision C.  trade off D. Resoult
Answers
Answer:
C. trade off
Explanation:
Opportunity Cost is a way of making decisions by weighing the trade offs (benefits and cons) of that decision.
Hero Manufacturing has 5 million shares of common stock outstanding. The current share price is $84 and the book value per share is $7. The company also has two bond issues outstanding, both with semiannual coupons. The first bond issue has a face value $60 million and a coupon of 7 percent and sells for 94 percent of par. The second issue has a face value of $35 million and a coupon of 8 percent and sells for 107 percent of par. The first issue matures in 22 years, the second in 4 years. a. What are the company's capital structure weights on a book value basis
Answers
Answer:
The company's capital structure weights on a book value basis are:
a. 28.57% for equity, and
b. 71.43% for debt.
Explanation:
For most consumers, term life insurance is considered to be the:
O worst option
O same cost as term
O most expensive
O best value
Answers
For most consumers, the term life insurance is considered to be worst option.
What is a term life insurance?A sort of death benefit that pays the policyholder's heirs over a predetermined length of time is term life insurance, commonly referred to as pure life insurance. The owner of the term life insurance policy has three options after the term has ended: renewing it for a new term, changing it to permanent protection, or letting the policy lapse. The premium for term life insurance is established by the insurance provider based on the value of the policy (the payout amount), as well as your age, gender, and general health. A medical examination could be necessary in several situations. Your driving history, current medications, whether you smoke, your work, your hobbies, and your family history may all be requested by the insurance provider.
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Though these two types of estates can be broken down even further, what are the two basic types of
freehold estates?
fee simple estates and life estates
dower/curtesy estates and absolute estates
fee simple estates and dower/curtesy estates
absolute estates and life estates
Answers
The two basic types of freehold estates are fee simple estates and life estates.
The required details about freehold estates is mentioned in below paragraph.
Freehold estates are estates of indefinite period that may exist for an entire life or all the time. Some kinds of freehold estates are labeled as "estates of inheritance," in which the property keeps past the lifestyles of the holder and descends to their residing heirs upon dying as distinct through the desire or through law.A freehold property is possession in belongings. To be taken into consideration a freehold property, standards need to be met:
Immovable: The asset can not be moved; therefore, it's miles both land or a few form of hobby in that land.
No constant period of possession: The belongings may be exceeded on all the time if the proper standards are met. There isn't anyt any set timeline for possession withinside the belongings to expire.
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Palm Imagination makes and sells silk palm trees. Each tree uses 0.80 yards of silk fabric. Budgeted production of trees in units for the next five months is as follows:
Answers
1. The preparation of the direct materials purchases budget for June for Palm Imagination is as follows:
Direct materials purchases budgetJune
Budgeted production 26,570
Production materials 21,256
Inventory of Fabric:
Ending Materials 3,226
Production materials 21,256
Materials available 24,482
Beginning Materials 3,188
Unit Purchases 21,294 yards
Cost of purchases $42,588 ($21,294 x $2)
2. The amounts of Raw Materials and Finished Goods Inventory to be reported on Palm Imagination’s June 30 balance sheet are as follows:
Ending inventory of raw materials = $6,452.
Ending inventory of finished goods = $104,576.75.
Data and Calculations:Silk Fabric per tree = 0.80 yards
April May June July August
Budgeted production 24,160 23,490 26,570 26,880 22,900
Production materials 19,328 18,792 21,256 21,504 18,320
Inventory of Fabric:
Ending Materials 2,819 3,188 3,226 2,748
Production materials 19,328 18,792 21,256 21,504 18,320
Materials available 22,147 21,980 24,482 24,252
Beginning Materials 2,899 2,819 3,188 3,226 2,748
Purchases 19,248 19,161 21,294 21,026
Cost of purchases $38,496 $38,322 $42,588 $42,052
April May June July August
Budgeted sales 24,500 22,800 26,250 27,850 23,000
Finished Goods:Ending inventory 4,560 5,250 5,570 4,600
Budgeted sales 24,500 22,800 26,250 27,850 23,000
Goods available 29,060 28,050 31,820 32,450
Beginning inventory 4,900 4,560 5,250 5,570 4,600
Production units 24,160 23,490 26,570 26,880
Raw materials costs for June:Required production materials = 21,256
Total cost of materials = $42,512 (21,256 x $2)
Direct labor costs = $327,342.40 ($14 x 21,256 x 1.1)
Factory overhead costs = $29,227 ($1.25 x 23,381.60 hours)
Total production costs = $399,081.40
Unit production cost = $18.775 ($399,081.40/21,256)
Ending inventory of finished goods = $104,576.75 ($18.775 x 5,570)
Ending inventory of raw materials = $6,452 (3,226 x $2.00)
Question Completion:April May June July August
Budgeted production 24,160 23,490 26,570 26,880 22,900
Budgeted sales 24,500 22,800 26,250 27,850 23,000
The company wants to maintain monthly ending inventories of fabric equal to 15% of the following month's budgeted production needs, and monthly inventories of trees equal to 20% of the number needed for next month’s sales. The cost of silk is $2.00 per yard. Direct labor cost is $14.00 per hour and it takes 66 minutes to complete each tree. Factory overhead is applied at the rate of $1.25 per direct labor dollar.
Prepare a direct materials purchases budget for June.
Calculate the amount of Raw Materials and Finished Goods Inventory to be reported on Palm Imagination’s June 30 balance sheet.
Thus, the direct materials purchases budget for June has been prepared and the amounts of Raw Materials and Finished Goods Inventory reported on Palm Imagination’s June 30 balance sheet are indicated above.
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Is the concentration ratio an accurate measure of the extent of competition?
The four-firm concentration ratio
A.
is flawed in that it .
B.
is accurate because it is based on estimates from the U.S. Census Bureau.
C.
is flawed in that it .
D.
is accurate because it is based on national and global competition.
E.
is flawed in that it .
Answers
Answer:
Find the difference of 67.2 and 23.9.
Explanation:
True or False: Restaurants rarely adjust the amount they purchase of items
Answers
Answer:
false
Explanation:
because in a restaurant you suppose to have a monthly plan
Answer:
B .. false
Explanation:
Consider a city of 200 people (100 rich and 100 poor) and two neighborhoods (100 people in each). Both groups generally prefer to live with rich people and are willing to pay a premium for living with a fraction of rich people that is larger than 50%. Poor people’s premium curve is given as �!""# = 2�$, where x is the percentage of rich above 50% (e.g., if there are 52% rich, x will be 2). Rich people’s premium curve is given by �%&'( = 60� − 0.4�$. a) What is the equilibrium outcome (i.e., what is the share of rich and poor people, respectively). Explain.
Answers
Answer:give me Brainliest
Explanation:
Dina has been hired as a product manager for an up-and-coming candy bar brand. Describe the scope of her responsibilities and provide examples of activities she would likely perform in her job. Which responsibility do you feel will be most helpful to this new brand and why?
Answers
Dina's responsibilities may include conducting market research to identify consumer preferences and trends, defining the product's features and specifications, collaborating with R&D and production teams to develop and launch new flavors or variations, setting pricing strategies, and creating marketing campaigns to promote the candy bars to the target audience. One of the most helpful responsibilities for this new brand would be Dina's role in market research.
As a product manager for an up-and-coming candy bar brand, Dina's responsibilities would encompass various aspects of product development, marketing, and strategy. Her main objective would be to ensure the successful launch and growth of the brand's candy bars in the market.
By conducting thorough research and understanding consumer preferences, Dina can identify gaps in the market, develop unique selling propositions, and tailor the candy bars to meet customer demands. This will allow the brand to differentiate itself from competitors and establish a strong presence in the market, attracting loyal customers and driving sales.
Additionally, market research can provide valuable insights into pricing strategies and distribution channels, enabling the brand to optimize profitability and reach the right customers effectively.
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Can a Marginal cost curve NOT be U shaped?
Answers
Answer:
The marginal cost curve is usually U-shaped. Marginal cost is relatively high at small quantities of output; then as production increases, marginal cost declines, reaches a minimum value, then rises.
Explanation:
N/A
To help audiences understand large amounts of information, which visuals are the most suitable?
Answers
different between isoquant and isocost
Drag each tile to the correct location.
Match each element to the correct part of an effective essay.
attention-getting sentence
call to action
specific details about topic
conclusion
body
introduction
Answers
Answer:
1). Attention-getting sentence - Introduction
2). Call to action - Conclusion
3). Specific details about the topic - Body
Explanation:
The 'introduction' of an essay primarily functions to capture the readers' attention towards the topic and arouse their interest in it. Thus, it must be catchy enough to hook the attention and inform the readers about the key argument of the essay. While the body of the essay must function to explain the ideas, points, and arguments using sufficient evidence to substantiate the claim. And the conclusion of the essay acts as a 'call to action' as it aims to initiate the readers to take the desired action and to play the role they can play.
Answer:
Attention-getting sentence - Introduction
Call to action - Conclusion
Specific details about the topic - Body
Explanation:
25. When you have disequilibrium, there are two possible outcomes. Identify and describe both of them.