If the price elasticity of demand for chewing gum is equal to -0.45, then a price increase of 5% will the quantity demanded by about: C. decrease; 2.25%.
What is the quantity demand?The following formula can be used to determine the percentage change in quantity demanded: %Q = (price elasticity of demand) x (%P).
where:
%Q = change in quantity demanded expressed as a percentage
%P= change in price expressed as a percentage
price elasticity of demand =0.45.
With the data entered, we obtain: %Q = (-0.45) x (5%) = -2.25%.
As a result, a 5% price rise will result in a 2.25% decrease in amount demanded.
Therefore the correct option is C.
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Hero Manufacturing has 6 million shares of common stock outstanding. The current share price is $85 and the book value per share is $8. The company also has two bond issues outstanding, both with semiannual coupons. The first bond issue has a face value $65 million and a coupon of 8 percent and sells for 95 percent of par. The second issue has a face value of $40 million and a coupon of 9 percent and sells for 108 percent of par. The first issue matures in 23 years, the second in 5 years. a. What are the company's capital structure weights on a book value basis? (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., .1616.) b. What are the company's capital structure weights on a market value basis? (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., .1616.) c. Which are more relevant? Market value weights Book value weights
Answer:
1. Book value of equity
6 million x 8 = 48million
Book value of debt = 65 + 40 = 105 million
Total value = 105 + 48 = 153 million
Weight of equity = 48/153 = 0.3137
Weight of debt = 105/153 = 0.6863
2. Market value
= 6 million x 85 = 510million
= Market value of debt = (65m * 0.95) + (40m * 1.08)
= 61.75m + 43.2m
= 104.95million
Total value = 104.95 + 510 = 614.95million
Weight of equity on market value = 510/614.95 = 0.8293
Weight of debt on market value = 104.95/614.95 = 0.1707
3. Market value of weights are more relevant
The change in technology and the globalization have brought new pattern of organizing
today's companies, and thus, the managers need to consider these new concepts in
organization's design process. With this statement, discuss the emerging issues in
organization design and architecture.
Following are the emerging issues in organization design and architecture:Technology and Globalization, Customer Relations,Technical Knowledge, Flexibility, Employee's Well-being.
Following are the emerging issues in organization design and architecture:
Technology and Globalization: The modern era's rapid technology and globalization have forced the organizations to adopt a new pattern of organizing. Managers are focusing more on technology and globalization and they are ensuring that the company can cope with the emerging challenges.Customer Relations: Customers are the major driving force in every business. To maintain the customer base, the managers need to focus on customer relations as the organization's design process should be centered around their needs. This will help the managers in creating a company that provides excellent customer service to its customers.Technical Knowledge: The success of an organization depends on the technical knowledge of its managers. Managers need to have knowledge about new and emerging technologies so that they can use them to enhance the organization's capabilities. In addition, managers need to know how to apply this technical knowledge to improve the organization's structure and operations.Flexibility: Flexibility is a crucial component in the organization's design process. The managers need to design the organization that is flexible enough to adapt to new changes and technologies. This will help the managers in keeping up with the rapidly changing business environment.Employee's Well-being: The well-being of employees is also a significant issue in the organization's design process. The managers need to design the organization in a way that the employees can work efficiently, and their personal needs are also met. This will help in improving the employee's productivity and motivation level and ensure their loyalty to the organization.For more such questions on Globalization
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Choose the answer.
Patrice is about to post a message on social media on behalf of her company. What is an important question she should ask herself before posting this message to ensure it is ethically appropriate to share?
Question 2 options:
Will at least 50 percent of the public like the message?
Have I stated the facts accurately?
Did I create a post that will likely go viral?
Will most of our followers repost this message?
Question 3
Choose the answer.
Don is a textbook salesperson and is preparing a pitch for college instructors to encourage them to adopt one of the textbooks he is selling. During his pitch, he brags that his company's textbooks are all written by highly educated men, unlike those of their competitors. After the pitch, his supervisor takes him aside and explains how his presentation was unethical. In what way was it wrong?
Question 3 options:
The information could be considered coercive.
Sharing the information violated the privacy of the authors.
Sharing the information is illegal.
The information presents an unfair bias against women authors.
Question 4
Choose the answer.
Tonya is applying for a promotion and has asked her boss, Blake, to write a letter of recommendation for her. Blake writes a letter in which he explains in detail that Tonya has suffered from major health problems in the last year but has not let her work suffer because of it. What ethical mistake has Blake made?
Question 4 options:
story was not factually accurate
bias against people with health problems
plagiarism
violation of Tonya's privacy
Question 5
Choose the answer.
Michael is always oversharing personal information on social media sites. According to psychologist Sandi Mann, what is one of the main reasons people overshare online?
Question 5 options:
greed
boredom
concern for others
high self-esteem
Answer: b b c b in that order
Explanation:
The questions revolve around ethical considerations in various scenarios, particularly with respect to social media and communication in a professional context. The key consideration in these instances is to ensure accuracy, avoid bias, respect privacy, and regulate appropriate sharing.
Explanation:In answering the posed questions. For Question 2, before posting a message on social media on behalf of her company, Patrice should ask herself, 'Have I stated the facts accurately?'. This is because it's crucial to ensure information consistency and credibility in a corporate setting. For Question 3, Don's unethical act during his pitch was that 'The information presents an unfair bias against women authors'. It is important not to make discriminatory or biased comments in a professional setting. Answering Question 4, The ethical mistake Blake made is the 'Violation of Tonya's privacy'. Personal health information should always be kept confidential unless the owner gives permission to share it. Lastly, for Question 5, the main reason, according to psychologist Sandi Mann, that people like Michael overshare online is 'Boredom'.
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Every day, Josephine buys coffee and lottery tickets. She has a budget of $12. The coffee at the bodega she goes to costs $0.75 and lottery tickets are $1.50 each. Which equation represents Josephine's budget constraint?
Answer:
12= 0.75x +1.5y
Explanation:
Josephine's budget constraint is represented by 0.75 + 1.5x ≤ 12 and thus Josephine can buy 7 lottery tickets.
What is inequality?A difference between two values indicates whether one is smaller, larger, or basically not similar to the other.
A mathematical phrase in which the sides are not equal is referred to as being unequal. In essence, a comparison of any two values reveals whether one is less than, larger than, or equal to the value on the opposite side of the equation.
Let's say the number of lottery tickets that Josephine can buy = x
Then,
1.5x = the Total amount of money for a lottery ticket.
Now,
Coffee cost + Lottery cost ≤ Budget
0.75 + 1.5x ≤ 12
1.5x ≤ 11.75
x ≤ 7.5 so Josephine can buy only 7 tickets.
Hence "Josephine's budget constraint is represented by 0.75 + 1.5x ≤ 12".
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A client has created a budget based on their customer, Lou's Luggage. They want a report that shows actuals versus budget for this customer by quarter for the whole year.
Answer:
2. Select Lou's Luggage budget
3. Show grid Accounts vs. Quarters
4. Filter for Lou's Luggage customer
From online research, the question and multiple choices
Which 3 customization are necessary?(Select all that apply)
1. Filter by Paid status
2. Select Lou's Luggage budget
3. Show grid Accounts vs. Quarters
4. Filter for Lou's Luggage customer
5. Filter by Product/Service = Specified
Explanation:
Getting to Lou's luggage customer reports requires drilling down to the specifics. the system will give the reports by following the steps below.
2. Select Lou's Luggage budget
3. Show grid Accounts vs. Quarters
4. Filter for Lou's Luggage customer
Which of the following is a disadvantage of virtual teams?
O a. Limited market opportunities
O b. Poor leadership
O c. Decreased productivity
Od. Inefficient knowledge transfer
Memele
The disadvantage of virtual teams from the options that we have here would be Decreased productivity.
What is meant by virtual teams?This is the term that is used to refer to the group of workers that are known to communicate with themselves and also work together over a network or through the internet.
These people do not work under the traditional work environment. Tasks could be completed from the comfort of their homes. Hence we can say that the disadvantage of virtual teams from the options that we have here would be Decreased productivity.
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To include the personal assets and transactions of a business owner in the records and report of the business would be in conflict with the?
Answer: Business entity assumption.
Explanation:
A Business entity assumption is to include the personal assets and transactions of a business's owner in the records and reports of the business would be in conflict with.
explain customer relationship management and explain it Associated tools and level of relationship
Answer:
Customer relationship management (CRM) is the combination of practices, strategies and technologies that companies use to manage and analyze customer interactions and data throughout the customer lifecycle. The goal is to improve customer service relationships and assist in customer retention and drive sales growth.
Customer relationship management (CRM) is a tool used to manage all interactions and connections between your company's clients. The goal is simple: develop business relationships so that your firm can grow.
What various forms of customer relationship management exist?CRM programs go into one of four categories: operational, analytical, collaborative, or strategic. Every one is designed to achieve a specific business goal. Many businesses either use a variety of CRM systems or have developed a special CRM solution that combines elements from all the systems.
What are the four components of the customer relationship management process?The four key components of CRM implementation—technology (applications and infrastructure), strategy (business goals and objectives), process (procedures and business regulations), and people—must all be considered (organizational structure, skills, and incentives).
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1. What are the key skills and competencies required for a successful career in human resource management?
A successful career in human resource management requires a combination of skills and competencies, including effective communication, interpersonal skills, problem-solving, strategic thinking, knowledge of employment laws.
A successful career in human resource management requires a combination of skills and competencies that enable HR professionals to effectively manage and support an organization's workforce. Here are key skills and competencies necessary for HR professionals:
Communication Skills: HR professionals must have excellent communication skills, both written and verbal. They need to effectively convey information, listen actively, and facilitate open and transparent communication within the organization.
Interpersonal Skills: Building strong relationships and collaborating with employees at all levels is crucial. HR professionals should be empathetic, approachable, and able to handle sensitive and confidential matters with discretion.
Problem-Solving and Decision-Making: HR professionals often encounter complex issues and conflicts. They need strong problem-solving skills to analyze situations, identify solutions, and make informed decisions that align with organizational goals and legal requirements.
Strategic Thinking: HR professionals should possess the ability to align HR initiatives with the organization's overall strategic objectives. They need to understand the business context, anticipate future needs, and develop HR strategies that contribute to long-term success.
Knowledge of Employment Laws and Regulations: A deep understanding of labor laws, employment regulations, and compliance requirements is essential. HR professionals must stay updated on legal changes to ensure the organization's HR practices and policies are in compliance.
Change Management: HR professionals often play a critical role in organizational change initiatives. They should be skilled in managing change, guiding employees through transitions, and facilitating effective communication during periods of change.
Data Analysis and HR Metrics: Proficiency in data analysis and the ability to derive meaningful insights from HR metrics are becoming increasingly important. HR professionals should be able to use data to make informed decisions, track progress, and identify areas for improvement.
Ethical Practice: HR professionals deal with sensitive employee information and must maintain high ethical standards. They need to uphold confidentiality, fairness, and integrity in all HR-related processes and decisions.
HR Technology: Proficiency in HR technology and systems is essential for streamlining HR processes, managing employee data, and utilizing HR analytics. HR professionals should stay updated on HR software and technology trends to enhance efficiency and effectiveness.
Continuous Learning and Adaptability: HR professionals should have a growth mindset and be willing to continuously learn and adapt to evolving HR practices, industry trends, and organizational needs.
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Aunt Sally’s “New Orleans Most Famous Pralines” sells pralines costing $1.06 each to make. If Aunt Sally’s wants a 35% markup based on selling price and produces 45 pralines with an anticipated 20% spoilage, what should each praline be sold for? (Round your answer to the nearest cent.)
Selling price $
Each praline should be sold for $1.95.
Here's how you can calculate it:
- The cost to make each praline is $1.06.
- The markup based on selling price is 35%, which means the selling price is 135% of the cost.
- Let x be the selling price per praline.
- We can use the formula: Selling price = Cost / (1 - Markup) to find the selling price.
- Substituting the values, we get: x = 1.06 / (1 - 0.35) = 1.63.
- However, we need to take into account the anticipated 20% spoilage, which means we need to sell more pralines to make up for the ones that are spoiled.
- The total number of pralines needed is: 45 / (1 - 0.20) = 56.25, which we can round up to 57.
- Therefore, the selling price per praline should be: $1.63 * 1.35 = $2.20.
- Rounding this to the nearest cent, we get: $2.20 rounded to the nearest cent is $2.19, which is not correct since it is less than the cost of making each praline.
- We need to adjust the selling price to ensure that we make a profit. We can increase the selling price by $0.01 until we reach a price that is greater than the cost of making each praline.
- Increasing the selling price by $0.01, we get: $2.21, which is still less than the cost of making each praline.
- Increasing the selling price by $0.01 again, we get: $2.22, which is greater than the cost of making each praline.
- Therefore, each praline should be sold for $2.22 rounded to the nearest cent, which is $2.21.
You decide to decrease the price of your product to increase total sales revenue, because you believe your product's demand is
A) perfectly inelastic
B) unit elastic
C) price elastic
D) price inelastic
Answer:
C) price elastic.
Explanation:
a consumer has $100 to spend on two goods X and Y with prices $3 and $5 respectively. drive the equation of the budget line
Answer:
3X + 5Y = 100
Explanation:
Given that a consumer has $ 100 to spend on two goods X and Y with prices $ 3 and $ 5 respectively, the equation that represents this distribution is the following:
3X + 5Y = 100
Thus, the consumer may consume different combinations of products, as long as the sum of both amounts is $100 as a final result. For instance:
3x20 + 5X8 = 100
60 + 40 = 100
3x5 + 5x17 = 100
15 + 85 = 100
Two identical firms compete as a Cournot duopoly. The inverse market demand they face is P = 123 - 3Q. The total cost function for each firm is TC(Q) = 3Q. The price charged in this market will be
The price changed in this market will be mathematically given as
P=93
What is the price change in this market?P = 123 - 3Q
Generally, the equation for the statement is mathematically given as
P = 123 - 3Q
Therefore
\(\frac{d \pi}{ d \Q1}\)=123-6Q1-30Q2-3=0
Where
Q1=120-3Q2/6
Hence
Q1=120-3(120-3Q1/6)/6
Q1=13.333
In conclusion,
P = 123 - 3(2*13.333)
P=93
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Which of these situation statements is formatted correctly?
Select an answer:
The [SOLUTION] will address the effects of [X] on [Y].
The [SOLUTION] addresses the [NEED] and is v
The situation statement that is formatted correctly
"The [PROBLEM] has the effect of [X] with the resulting impact of [Y]."
What is a situation statement?The statement explains the situation as it is right now. It reveals the primary justification for the project's need. Additionally, it needs to describe how big the issue or chance is. Knowing this enables us to confirm if the suggested remedy is suitable.
The present issue that needs to be resolved or the opportunity that needs to be thoroughly investigated is stated in the first section of a scenario statement.
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two ways in which best bank can adapt to the challenges of the macro environment
Answer:
Mergers or Information Management
Explanation:
Mergers-In order to respond to certain challenges, businesses may choose to merge with another business. The new business will have a larger market share than either of the original businesses did.
Information management -All changes lead to new information that needs to be distributed to all the relevant parties.
Information must be managed efficiently and a system must be in place so that the relevant staff can easily access it.
Information must be protected and kept secure to protect the company's intellectual property.
Exam Lesson Name: Retail Industry Fundamentals Credential Exam
Exam number: 000000RR
Exam Guidelines
Exam Instructions
Question 16 of 16:
Select the best answer for the question
16. When distribution team members use replenishment reports to retrieve quantities of items to be sent to stores they
OA. Mixing
B. Sending
OC. Picking
OD. Packing
Question 1 of 20
Clem just bought a new local printer and wants to connect it to her laptop.
How can she do this?
A. Plug the printer's cord into the laptop's green audio output port
B. Plug the printer's cord into the laptop's optical disk reader
C. Plug the printer's cord into the laptop's PS/2 port
D. Plug the printer's cord into the laptop's USB port
SUBMIT
Answer:
D
Explanation:
I'm guessing this one is D. I put my printer in my USB port for it to work and print things.
Clem can Plug the printer's cord into the laptop's USB port, this will connect her printer to the laptop.
How do you connect the printer to a laptop?We can simply connect the USB cable from your printer to the USB port available on your laptop, and open the printer.
Select the Start button, then select Settings> Devices> Printer and scanner. Select Add printer or scanner.
Wait for it to find nearby printers, then select the one you want to use, then select Add Device.
Thus, Option D is the correct statement.
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Who is Malcolm Gladwell?
Answer:
Malcolm Gladwell is a Canadian journalist, author, and speaker. He has written several books, including "The Tipping Point: How Little Things Can Make a Big Difference," "Blink: The Power of Thinking Without Thinking," and "Outliers: The Story of Success." Gladwell's writing often explores the unseen connections and patterns in society and human behavior. He is also known for his ability to take complex ideas and make them understandable and accessible to a wide audience. Gladwell has been a staff writer for The New Yorker since 1996, and his articles and essays have been widely anthologized. He has also been a frequent guest on television and radio programs, and has given talks on a variety of topics related to his writing and research.
Directions
1. Using the information learned in Unit 4, create a company, including the creation of a product or
service.
2. Next, create the advertising for that product or service to reach a target market. Advertising can
include a flyer, brochure, commercial, video, website, etc. Make sure you are advertising to a
target market.
3. Finally, explain how you will use the elements of a marketing mix. Remember if you create a
business that is an industry you need to use the 4P's (product, price, place, and promotion). If you
choose to create a service business, you need to use the 7P's (product, price, place, promotion,
people, process, and physical).
Question #1
Answer: et. Advertising can
include a flyer, brochure, commercial, video, website, etc. Make sure you are advertising to a
target market.
3. Finally, explain how you will use the elements of a marketing mix. Remember if you create a
business that is an industry you need to use the 4P's (product, price, place, and promotion). If you
choose to create a service business, you need to use the 7P's
Explanation:
businesses can save time and travel expenses by remotely accessing instant information through. True or False?
Businesses can save time and travel expenses by remotely accessing instant information. This statement is true.
As with remote access and internet connectivity, the firm's resources become available to them as if they were sitting at their office desk, so they can work securely from anywhere, whether it's an airport lounge or anywhere.
Remote access enables remote users to access files and other system resources on any devices or servers that are connected to the network at any time. This increases employee productivity and enables employees to better collaborate with colleagues around the world even without traveling anywhere. A well-designed remote access strategy allows employees to perform many of their technical duties remotely.
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Explain how opportunity cost is different for economic goods and free goods
Answer:
The difference is that free goods have exactly zero opportunity cost, because they cost nothing, their price is zero, and their use is non rival, and non excludable, meaning that if a person uses a free good, that person does not prevent any other person from using the good.
Economic goods, on the other hand, are goods that have a price, and that have a cost of production. Besides they are rival and/or exclusionary. The opportunity cost of an economic good varies depending on the good, but it is never zero.
Which factor would influence the premiums of health insurance?
Building size
Deductible
Elimination period
Profession
Answer:
Deductible
Explanation
The correct option is B. Plan category, the plan covers dependents, and deductibility is the factor that influences the premiums of health insurance.
What is Health Insurance?Medical and health-related costs are covered by a specific type of insurance called health insurance. Routine care, emergency care, and treatment for long-term illnesses are all partially or fully covered by health insurance.
Thus, there are many other factors that influence the health insurance premiums such as age, smoking status, region, type of plan, and if dependents are covered by the policy.
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Question 9 of 10
One way to maintain good credit is to:
A. keep a high debt-to-credit ratio.
B. make numerous applications for credit.
C. lower your balances.
D. open many credit accounts.
SUBMIT
To maintain good credit, it is important to lower your balances. By keeping your credit card balances low compared to your credit limits, you demonstrate responsible credit management and show lenders that you can manage your debts effectively.
Option C. lower your balances. is correct answer.
To maintain good credit, it is important to adopt responsible financial habits. One way to achieve this is by lowering your balances. Keeping low credit card balances compared to your credit limits demonstrates financial discipline and responsible credit management. This indicates that you are not overly reliant on credit and are able to manage your debts effectively.Lowering your balances helps to keep your credit utilization ratio low, which is the percentage of your available credit that you are currently using. A low credit utilization ratio is seen as favorable by lenders and credit bureaus as it indicates a lower risk of defaulting on payments. Aim to keep your balances below 30% of your credit limits, and the lower, the better.On the other hand, options A, B, and D are not advisable for maintaining good credit. Keeping a high debt-to-credit ratio (option A) can indicate a heavy reliance on credit and a higher risk for lenders. Making numerous credit applications (option B) can negatively impact your credit score due to the potential for multiple hard inquiries. Opening many credit accounts (option D) can also have a negative impact, as it can lead to potential overspending and difficulty managing multiple accounts.In conclusion, one effective way to maintain good credit is by lowering your balances, keeping your credit utilization ratio low, and demonstrating responsible credit management.For more questions on credit limits
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the debt owed to a bank
Answer:
Bank debt is a long-term liability a business takes on by borrowing money from its bank. Companies use bank debt to pay for long-term assets such as land, buildings and equipment or to add more cash to their working capital to cover ongoing, short-term expenses
Word processing software
Businesses of all sizes experience various degrees of risk in the course of their regular operation, but small businesses are particularly vulnerable to it, because they often lack resources (such as cash reserves or lines of credit) to keep them operating during hard times. In this activity, go online to find a company that you think is particularly susceptible to risk. Then, develop a risk profile that describes the nature of those risks.
Step 1: Research a Small Business
Conduct an online search for a small business to study. Note that small businesses typically have fewer than 500 employees. If you already have a small business in mind, you can skip to the next step.
Review the company’s websites, sales literature, competition, and any other online information that you think may be relevant to understanding their risks.
Consider these questions:
Are the risks to the business mostly external, internal, or both?
Does the business operate in a naturally hazardous or heavily regulated industry?
Does the location of the business make it vulnerable?
Do aspects of the business’s operations make it susceptible to people risks?
Does the business operate in a way that leaves it open to technology risks?
Step 2: Create a Risk Profile
The risk profile should identify five risks in priority order. Make a list and number it 1-5.
Next to each number add a title for each risk. For example, if the company has risk associated with a long sales cycles and the problems it creates with cash flow, your title might be: “1. Risk: Long Sales Cycles.” Make sure your risks are numbered in priority order.
Add bullet points beneath each risk that describes the category of the risk, and whether it is internal or external, controllable or not.
Add a last bullet to describes a realistic way of managing the risk.
Note that this prompt is on creating a risk profile. Here is how to do one.
How to create a risk profileCreating a risk profile entails evaluating probable hazards capable of causing damage to a company's operations. Begin by classifying these vulnerabilities according to types- financial, operational, strategic, compliance or reputational hazards before determining their significance in order typically from highest or lowest.
For each threat identified during this classification exercise establish whether it's an internal or external one based on its source but most importantly ascertain whether it's within control or not.
To remain resilient in the midst of evolving business environments, it is imperative for small businesses to conduct periodic reviews and revisions of their risk profiles. By engaging in consistent risk monitoring activities, enterprises can take proactive measures to evade potential hazards and bolster their defences against risks.
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explain two reason for increased competition in some market
Answer:
Opportunity potential.
Ease of entry.
Nature of the product.
Exit barriers.
Homogeneity or Very low differentiation possible.
Commitment to the industry.
Technology.
Economies of scale.
Explanation:
can I have brainly and hope dis help
20 pts
The original Greek Olympic Games are often considered the beginning of sports and entertainment marketing as we know it today.
OA. True
OB. False
This is true that The original Greek Olympic Games are often considered the beginning of sports and entertainment marketing as we know it today.
The contemporary Olympic Games, sometimes known as the Olympics, are the most prestigious international athletic occasions that include summer and winter sports competitions in which thousands of competitors from all over the world take part in a range of activities.
Zeus, the father of the Greek gods and goddesses, was the main focus of the ancient celebration that included the Olympic Games.
Soccer is the most popular sport in the world according to other metrics, and it's also one of the most popular Summer Olympic sports, though it has some competition from swimming and athletics, whose popularity peaks during the Olympics.
The ancient Olympic Games were originally a one-day competition until they were expanded to a three-day competition in 684 BC. The Games were once more expanded to take place over five days in the fifth century B.C. Running, long jumping, shot throw, javelin, boxing, pankration, and equestrian competitions were all part of the ancient Games.
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Type the correct answer in the box. Spell all words correctly.
Which trait represents the ability to find solutions and achieve goals, even with limited resources?
is the ability to find solutions and achieve goals, even with limited resources, by thinking creatively and coming up with alternative ideas.
Resourcefulness is the trait that represents the ability to find solutions and achieve goals even with limited resources.
What is the trait that enables individuals to overcome limitations?Resourcefulness is a valuable trait that empowers individuals to overcome limitations and achieve their goals even when faced with limited resources. It involves the ability to think creatively, adapt to changing circumstances and make the most of available assets.
Resourceful individuals are adept at finding innovative solutions, leveraging their existing resources efficiently and identifying alternative approaches when necessary. They possess a problem-solving mindset that allows them to navigate challenges and constraints effectively often leading to successful outcomes despite the scarcity of resources.
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A copy machine acquired on July 1 with a cost of $1,450 has an estimated useful life of four years. Assuming that it will have a residual value of $250, determine the depreciation for the first year by the double-declining-balance method.
Answer:
Annual depreciation= $300
Explanation:
Giving the following information:
Purchasing price= $1,450
Salvage value= $250
Useful life= 4 years
First, we need to determine the annual depreciation for the whole year using the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
Annual depreciation= 2*[(1,450 - 250) / 4]
Annual depreciation= $600
Now, for 6 months:
Annual depreciation= (600/12)*6= $300
According to the video, what do many Accountants and Auditors decide to do?
specialize in a specific area
volunteer in schools to teach finance
become Managers later in their careers
take writing classes
Answer:
specialize in a specific area is the correct answer.
Explanation:
Answer:
its A
Explanation:
got it right on edge