Additional costs incurred if an agency pursues a positive course of action are sunk expenses. false
The cost denotes the quantity of cash that an employer spends at the advent or manufacturing of products or offerings. It does not embody the markup for earnings. From a vendor's point of view, a charge is the amount of money this is spent to provide an awesome product.
Expenses are the cost price of fees for materials, services, hard paintings, products, gadgets,s and different items bought for use thru a commercial enterprise or other accounting entity. it's miles the amount denoted on invoices because the charge recorded in the preserves statistics as a fee or asset price basis.
Cost, in commonplace usage, is the economic price of products and offerings that manufacturers and customers purchase. In a number one economic experience, the fee is the degree of the possible opportunities foregone inside the choice of one accurate or hobby over others. This essential rate is typically called possible cost.
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Henry Ford paid his workers $5 a day in 1914 when the CPI was 10. Today with a price index at 177, the $5 a day is worth $88.50. True or false?
The statement Henry Ford paid his workers $5 a day in 1914 when the CPI was 10. Today with a price index at 177, the $5 a day is worth $88.50 is FALSE.
To determine the value of $5 in 1914 in terms of today's purchasing power, we need to adjust it for inflation using the CPI (Consumer Price Index). The CPI is a measure of the average change over time in the prices paid by urban consumers for a basket of goods and services. According to the Bureau of Labor Statistics, the CPI in 1914 was 10, while in 2021 it was 273.
To calculate the inflation-adjusted value of $5 in 1914, we can use the following formula:
(1914 CPI / 2021 CPI) x $5 = inflation-adjusted value of $5 in 1914
Plugging in the numbers, we get:
(10 / 273) x $5 = $0.18
Therefore, $5 in 1914 is equivalent to about $0.18 in 2021 dollars. This means that the $5 a day that Henry Ford paid his workers in 1914 would be worth about $177.50 today, not $88.50 as stated in the original statement.
It's worth noting that $5 a day was a relatively high wage for factory workers in 1914, and Ford's decision to pay his workers well helped him attract and retain a loyal workforce. However, the value of that wage has decreased significantly due to inflation over the past century.
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The written plan that includes information regarding chemical management, general housekeeping, maintenance, safety procedures, and chemical hygiene strategies is called the?
The written plan that includes information regarding chemical management, general housekeeping, maintenance, safety procedures, and chemical hygiene strategies is called the Standard operating system .
What is Standard operating system ?
A popular running procedure (SOP) is a fixed of distinct commands created with the aid of using a business enterprise to useful resource personnel in acting not unusualplace tasks.SOPs are designed to boom productivity, first-class output, and consistency of overall performance even as minimizing misunderstandings and noncompliance with enterprise regulations.What Are the Types of SOPs?
You can categorize SOPs into 3 special types: step-with the aid of using-step, hierarchical steps, and flowcharts.
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Offering extrinsic rewards as a motivator fits best with which theory of learning?
Answer: Extrinsic Motivation
Explanation:
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
can you write checks or pay bills directly from an online savings account?
Customers are not permitted to cash checks against their savings accounts in accordance with federal regulations.
What is saving account ?You will typically make your request to open a traditional saving account online, in-branch, or over the phone, although the procedures for doing so vary from financial institution to financial institution. After that, you'll deposit a sufficient amount to meet the minimum, if any, requirement. To reach your savings goal, set up a regular, recurring deposit from your paycheck or checking account, whichever you prefer. Make any necessary adjustments and keep an eye on your spending to see if this amount is within reach. Despite the fact that they typically only pay a low interest rate, these accounts are a great way to store money for immediate needs due to their safety and dependability.
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If an agency's qualifying new business premium is ____ than the set minimum in a given month or quarter in the prior year, that agent's baseline will be increased to the minimum baseline that month or quarter.
Answer:
lower
Explanation:
If the premium set is below the minimum threshold then agent baseline will be increased. This is because the commission of an agent is based on the percentage of the premium. If the premium amount is lower then the commission will also be lower resulting in the agent baseline to decrease.
which country is the top importer globally? multiple choice question. china japan germany united states
Answer:
China is the top importer globally.
Explanation:
According to the World Trade Organization, in 2019 China imported a total of $2.5 trillion in goods, making it the top importer in the world. Japan came in second with $681.6 billion, Germany in third with $616.1 billion, and the United States in fourth with $552.9 billion.
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how has technology changed communication over the past decade?
Answer:
Explanation:
Advancements in technology and changes in communication generally go hand in hand. Landlines displaced the telegraph and cell phones replaced landlines. The arrival of the internet opened new doors of personal communication. E-mails replaced postal mails and social media took the place of text messages
allysa automotive parts produced and sold 25,000 units last year with a sales price of $30 per unit and a unit variable cost of $15. fixed costs totaled $300,000. in the coming year, allysa automotive parts expects the price to decrease by 15%. neither unit variable cost nor fixed costs can be changed. if allysa automotive parts wants to maintain the same level of income, what will the new level of production need to be (rounded to the nearest whole unit)?
To maintain the same level of income, Allysa Automotive Parts needs to produce 29,412 units in the coming year.
First, we need to calculate the contribution margin per unit, which is the sales price minus the unit variable cost:
Contribution margin per unit = sales price - unit variable cost
= $30 - $15
= $15
Next, we can calculate the contribution margin ratio, which is the contribution margin per unit divided by the sales price:
Contribution margin ratio = contribution margin per unit / sales price
= $15 / $30
= 0.5
Using this information, we can calculate the breakeven point in units as follows:
Breakeven point in units = fixed costs / contribution margin per unit
= $300,000 / $15
= 20,000 units
To maintain the same level of income after the 15% price decrease, we need to calculate the new contribution margin per unit:
New contribution margin per unit = (1 - 0.15) x $15
= $12.75
Using this new contribution margin, we can calculate the new breakeven point in units:
New breakeven point in units = fixed costs / new contribution margin per unit
= $300,000 / $12.75
≈ 23,529 units
Therefore, to maintain the same level of income, Allysa Automotive Parts needs to produce 29,412 units, rounded to the nearest whole unit (23,529 x 1.25).
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The way you spend your time and energy is your _____.
PLS DONT GUSS:(
career
lifestyle
occupation
leisure time
Answer:
Lifestyle
Explanation:
Because your lifestyle contains all of those things, it's the way you live your life and what you're both made to do and choose to do!
Answer:
Lifestyle
Explanation:
Your lifestyle is how you spend your time, energy, and resources
Use the unit-cost-of depreciation method to calculate the depreciation for the
following scenario. Company XYZ bought a machine for $150,000 on January 1,
2014. They figure the salvage value of the machine is $40,000 and the machine
will produce 20,000 units during its useful life.
On January 1st, 2014, Business XYZ spent $150,000 on a machine. They estimate that the machine will manufacture 20,000 units over its useful life and has a salvage value of $40,000. The depreciation is 5.5.
What does unit depreciation actually mean?The activity approach, also known as unit of production depreciation, calculates depreciation based on the unit of production and ignores the passage of time throughout the course of an asset's useful life; in other words, unit of production depreciation is directly proportionate to production.
The depreciation expense for a given year is calculated by dividing the asset's initial cost, less its salvage value, by the expected number of units it will produce over the duration of its useful life. The quotient should then be multiplied by the total number of units (U) used this year.
the unit-cost-of depreciation= \(\frac{cost of asset - salvage value}{useful life in the form of units produced}\)
= \(\frac{150,000 - 40,000}{20,000}\)
= 5.5
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January 1, a company purchases equipment for $275,000, $25,000 salvage value, and 20-year useful life. On December 31 of year 17, the company sells the equipment for $50,000.
1. Record annual depreciation at the time of disposal.
2. Record the disposal of the asset.
The annual depreciation at the time of disposal would be calculated using the straight-line depreciation method. The depreciable amount is the cost of the equipment minus the salvage value, which is $275,000 - $25,000 = $250,000.
The annual depreciation expense is then $250,000 / 20 years = $12,500. To record the disposal of the asset, we need to compare the selling price of $50,000 with the equipment's book value at the time of disposal. The book value is the original cost minus accumulated depreciation. Assuming no prior depreciation has been recorded, the accumulated depreciation after 17 years would be $12,500 * 17 = $212,500. Therefore, the book value is $275,000 - $212,500 = $62,500. Since the selling price of $50,000 is less than the book value of $62,500, a loss on disposal is incurred. This entry reflects the removal of the equipment from the books by reducing the accumulated depreciation and equipment accounts, recognizing the loss on disposal, and recording the cash received from the sale.
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______ systems encompass all of an organization's touchpoints with its customers.
Customer relationship management (CRM) systems encompass all of an organization's touchpoints with its customers.
Customer Relationship Management (CRM) systems encompass all of an organization's touchpoints with its customers. These systems are designed to manage a company's interactions with customers, including tracking customer data, managing sales leads, and automating marketing processes. CRM systems are essential for businesses that want to build strong relationships with their customers and improve customer satisfaction and loyalty.
CRM systems can be used to collect, store, and analyze customer data, including contact information, purchase history, and customer behavior. This data can be used to identify customer trends, personalize marketing campaigns, and improve the customer experience. By using CRM systems, companies can provide better customer service and more effectively target their marketing efforts.
CRM systems can also be integrated with other business systems, such as sales and marketing automation tools, to provide a comprehensive view of customer interactions across all touchpoints. This can help companies identify opportunities to improve the customer experience and increase revenue.
Overall, CRM systems are a critical component of a company's customer experience strategy. By using these systems to manage customer interactions, businesses can improve customer satisfaction and loyalty, increase revenue, and gain a competitive advantage in the marketplace.
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Which of the following is true regarding states that have adopted the reasonably foreseeable users test for accountant liability to
third parties?
The reasonably foreseeable users test holds an accountant liable to any third-party who was or should have been foreseen as a possible user of the accountant's work product and did, in fact, use and rely upon that work product for a proper business purpose.
What is accountant?By gathering, monitoring, and making necessary corrections to the company's finances, an accountant assists organisations in making important financial decisions. Financial audits, bank statement reconciliation, and ensuring that financial records are accurate all year long are under their purview.
Account analysis, auditing, and financial statement analysis are examples of professional accounting duties carried out by accountants. Accountants can work for an accounting firm, a sizable business with an internal accounting division, or they can open their own practise.
These four areas of accounting are forensic, corporate, public, and governmental. For any accounting employment, an undergraduate degree is typically a requirement, however prior master's work—especially in the accounting field—is frequently greatly encouraged.
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What are the Key Reasons for the Growth of MNCs
Answer:
key reasons:
To Operate Closer to Target International Markets. ...
Gaining access to lower costs of production. ...
Avoiding Protectionism.
Explanation:
Answer:
Competitive market : There are more than 40,000 MNC's currently existing in India. Competition among companies create rise in good quality production.Huge population : The country carrying 1.3 billion population acts as a blessing here. As this huge number creates more demand to be fulfilled by the industry and the companies are always in a more or less profitable position.Skilled IT professionals : A very large number of skilled Indians have been working in India and other foreign countries as well.According to a report more than 40%, IT professionals serving in USA are Indians._________________________________
How should you dress for a phone interview? (Site 1)
online content
Answer:
You should at least have a nice top on because only the camera will see that. If you are a girl you could just wear a dress, probably a black one because that is what I wore to my interview yesterday because there is no pattern or anything it's just a plain black one, but that was in person. if you're a guy you need to wear a suit and tie,but you could probably just wear shorts because they won't see the bottom half of you
Explanation:
I hope this helps out a little bit :-)
An interview is a formal process by which an employee is assessed for his/her performance by the employer.
For a phone interview, one should be dressed properly as the interviewer can see you through the camera.
For a girl, you should be dressed nicely and no revealing or extra shiny clothes should be wore.
In the case of a man, one should be properly dressed in suits or formal shirts.
Try to wear dark black or blue coloured clothes and sit in a properly lighted area.
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Getting a loan you have to repay is known as
Answer:
The right solution will be "Debt financing". A further explanation is given below.
Explanation:
Debt financing would be the complete antithesis of financial leverage, which further involves the issuance of inventory to raise some funds. This usually happens whenever a company sold global equity commodities, including such debt securities, expenses as well as notations, but doesn't continue paying financial leverage.Scenario 3: Buying a cell phone plan It’s time to buy a new cell phone plan, and you will be paying for this one yourself. The providers offer a lot of options, and your budget is limited. What financial information do you need? What financial decision-making strategies can you use? (Cost comparison, cost-benefit analysis, calculating future expenses, or budgeting?)
Answer:
hi bestie
cost comparison
Explanation:
A firm's marginal cost has a minimum value of $80, its average variable cost has a minimum value of $90, and its average total cost has a minimum value of $100. Then the firm will shut down in the short run once the price of its product falls below
a. $100.
b. $90.
c. $80.
d. $40.
Answer:
b. $90.
Explanation:
The shutdown rule elaborates that "in the short run a firm should continue to operate if price exceeds average variable costs"
Thus in this case, the firm will shut down in the short run once the price of its product falls below $90
1. The Industrial Revolution began primarily because of.
A) Larger numbers of people unable to find work
B) The growth of corporations in the U.S.
C) The invitation of machines allowing the faster processing of raw materials.
D) Managers using practices to improve productivity of employees.
2. The first effort to apply scientific study to the management of businesses was?
A) Behavioral management
B) Classical management
C) Quality management
D) administrative management
The Industrial Revolution began primarily because of the invitation of machines allowing the faster processing of raw materials. The Option C is correct.
What led to Industrial Revolution in Europe?The Industrial Revolution transformed the economy from an agrarian to a manufacturing economy in which products were no longer made solely by hand but also by machines. This resulted in increased output and efficiency, lower prices, more goods, higher wages, and a shift from rural to urban areas.
The first Industrial Revolution began in Great Britain in the mid-to-late 1700s, when innovation led to large-scale production of goods through machine manufacturing. This spread around the world, and the Second Industrial Revolution began in the late 1800s in the United States, with further technological advancements leading to greater efficiency.
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Describe a real or made up but realistic situation in which you would want to use revolving credit. (2-4 sentences)
An example of when a revolving credit is used is when a person makes use of a credit card to make a payment.
What is a revolving credit ?Revolving credit is a form of credit that does not have a fixed number of payments. It allows the holder of the revolving credit to borrow repeatedly until a maximum amount is reached.
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Can dealerships do custom license plates or do I have to go to a DMV?
After placing an online or mail-in order, the DMV will process it and make the custom licence plates available for pickup in around 8 to 12 weeks. Your customised licence plates will be sent to you via mail when they are prepared for pickup.
What is the turnaround time for Texas licence plates?According to the Texas DMV, the title and registration must be processed through a dealer. You will receive the plates by mail in roughly 30 days. If you financed your car, this might be extended to 45 days. You can file a dealer complaint if you don't get it within that time frame.
How much does a personalised licence plate cost in California?Standard-number licence plates in California cost $50 to acquire from the DMV, plus a $40 renewal fee each year. The cost of adding personalised letters and numbers on the licence plate is $103 plus an annual renewal fee of $83.
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pricing obstacles refer to situations in which the pricing policies for a product lead to an increase in variability of orders placed.
T/F
This statements is False. Pricing obstacles refer to situations where pricing policies for a product create difficulties ability to set optimal prices or achieve desired sales volumes, not necessarily resulting in an increase in variability of orders placed.
Policies are a set of guidelines, rules, or principles established by an organization to guide its actions, decision-making, and behavior. Policies help ensure consistency, efficiency, and compliance within an organization. They provide a framework for addressing various aspects, such as operations, human resources, finance, information technology, and customer service. Policies can cover a wide range of areas, including ethical standards, employee conduct, security measures, procurement processes, and quality control. Effective policies serve as a reference point for employees, aligning their actions with the organization's objectives and values.
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What is the role of doctor in our society? Explain Briefly
Answer:
All doctors have a role in the maintenance and promotion of population health, through evidence based practice. Some will enhance the health of the population through taking on roles in health education or research, service improvement and re-design, in public health and through health advocacy.
explain the difference between capital and capital goods
Explanation:
Capital: The most important city or town of a country or region.
Capital goods: Goods that are used in producing other goods, rather than being bought by consumers
what do you understand by attributes in HTML?
this question is of computer.
Real estate agents are authorized to do which of these? « Perform all activities in the name of the
broker. Make deposits into their own escrow accounts. All of the above
Real estate agents are authorized to perform all activities in the name of the broker and make deposits into their own escrow accounts. Hence, option (c) will be considered as the relevant option.
Give a brief account on real estate agent.A real estate agent or broker is someone who works on behalf of buyers or sellers of real estate. Although a broker may operate independently, an agent who represents clients often works with a licensed broker. To negotiate sales contracts and handle the paperwork needed to close real estate transactions, brokers and agents must hold a state license. Buyers and sellers are often encouraged to speak with a licensed real estate expert for a formal explanation of each state's unique laws of agency. In a few of states, all participants are required to sign official disclosures outlining their respective duties.
Real estate brokers and salespeople in the United States must obtain a license from their respective states rather than the federal government. There is a real estate commission (regulatory body) in each state that supervises and issues licenses to real estate brokers and agents.
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which of the following statements about variable life insurance is true? the policyowner has the option of investing the cash value in several investment accounts. the death benefit cannot be higher or lower than a guaranteed, specified, value. the cash surrender value of the policy is guaranteed. premium payments are flexible.
The statements about variable life insurance that is true is option A: the policyowner has the option of investing the cash value in several investment accounts.
Why Would You Want Variable Life Insurance?Variable life insurance is a type of permanent life insurance with separate accounts that can contain a variety of securities and investment funds, including stocks, bonds, equity funds, money market funds, and bond funds, in addition to other securities and investment funds.
A permanent form of life insurance that has separate accounts made up of different tools and investment funds are included in this product. The investment risks associated with variable policies make them a type of security contract. Term life insurance and variable life insurance are frequently more expensive than each other.
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The point at which supply equals demand is called
Answer:
equilibrium
Explanation:
The ability of an economic model to predict outcomes accurately is an indicator that?
In conclusion, the ability of an economic model to predict outcomes accurately indicates its reliability and effectiveness in analyzing and understanding economic phenomena. Accurate predictions are an essential criterion for assessing the quality and usefulness of economic models.
The ability of an economic model to predict outcomes accurately is an indicator that the model is reliable and effective. When an economic model can accurately forecast future events or trends, it suggests that the model is based on sound principles and factors in relevant variables. This means that the model can be trusted to provide valuable insights and guide decision-making in various economic scenarios.
Accurate predictions demonstrate that the model captures the underlying relationships between different economic variables and factors. For example, if a model accurately predicts inflation rates or stock market movements, it implies that it takes into account factors such as interest rates, consumer spending, and market sentiment, among others.
In conclusion, the ability of an economic model to predict outcomes accurately indicates its reliability and effectiveness in analyzing and understanding economic phenomena. Accurate predictions are an essential criterion for assessing the quality and usefulness of economic models.
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