Indicates a required FORUM DESCRIPTION Read the vase below on Cast Analyse, Income Statement based on material presented in Chapter 2 Five to six times a year, Kicker puts on tent sales in various cities throughout Oklahoma and the surrounding states. The tent sales are designed to show Kicker customers new products. engender enthusiasm about those products, and sell soon to be out-of-date products at greatly reduced prices. Each tent sale lasts one day and requares parking lot space to set up the Kicker semitrailer a couple of show cars a disc jockey playing music a tent to sell icker merchandise, distribute brochures, and so on. Last year, the Austin, TX tere sale was held in a corner of the parking lot outside the city exhémon hall where the automotive show was in progress Because most customers were interested rent in the new model cars than in the refurbishment of their current cars foot traffic was low in addition, customers did not want to carry speakers and amplifiers all the way back to where they had originally parked. Total direct costs for this tent sale were $14,300 Direct costs included gasoline and fuel for three pickup trucks and the semitrailer wapes and per diem for the five cler personnel who traveled to the show, rent on the parking lot space and depreciation on the semitrailer, pickups, tent, tables on tent sound equipment and the like. Revenue $20,000 Cost of goods sold for the speakers was $7,000 Conceptual Connection Using the discussion board explain how does the company account for the cost of the tent sales? What income statement tems are affected by tent sales? What do you think Kicker might do to make it more profitable in the future? Why? Submission Guidelines Each student must submit an original post by Thursday at 11:59pm 27 and read and respond to at least two classmates posts before Sunday at 11:59pm ET. Keep in mind, that you will not see other students posts until you submit your initial posting Need Help? For step by step instructions on how to post to the discussion board in deam, please refer to the tandato non sorgude
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Finally, Kicker may consider reducing direct costs by selecting less expensive venues or adjusting its staffing levels for tent sales that are expected to have a lower turnout.
In this passage, the tent sales were set up in various cities throughout Oklahoma and the surrounding states. The tent sales were intended to display Kicker's new items, generate excitement about those products, and sell soon-to-be-outdated products at substantially reduced prices. Every tent sale lasts one day and needs a parking lot to set up the Kicker semi-trailer, some show cars, a disc jockey playing music, and a tent to sell Kicker merchandise, distribute brochures, and so on.
The direct costs for the tent sale are the expenses incurred in running the event, such as gasoline and fuel for three pickup trucks and the semi-trailer, wages and per diem for the five clerical personnel who traveled to the show, rent on the parking lot space, and depreciation on the semi-trailer, pickups, tent, tables on tent sound equipment, and so on. The direct costs were $14,300. The income statement items that are affected by tent sales are the cost of goods sold (COGS), revenue, and gross profit.
To make the tent sale more lucrative in the future, Kicker may consider setting up the tent sale in a more central location where foot traffic would be higher. Kicker could also adjust its marketing strategy to encourage customers to purchase more products while at the tent sale, such as by offering limited-time discounts or other incentives. Finally, Kicker may consider reducing direct costs by selecting less expensive venues or adjusting its staffing levels for tent sales that are expected to have a lower turnout.
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Related Questions
What motivates you to do a good job other than a paycheck?
Answers
What is the difference between equality of opportunity and equality of condition.
Answers
There are many differences between equality of opportunity and equality of condition. Few of them are listed below:
Equality of opportunity
Equal opportunity, also called equality of opportunity in political theory, the idea that people should be able to compete on equal terms or "level playing field" for favored positions and positions.
Proponents of equal opportunity believe that this principle is compatible with and indeed can justify certain inequalities in outcome, but there is considerable disagreement about the extent and which inequalities it justifies and how it does so.
Equality of condition
Equality of condition (Lynch & Baker, 2005) is “the belief that people should be as equal as possible in relation to the central conditions of their lives” (p. 132). Those who strive for equality of conditions aim to equalize the possibilities of people in a given situation.
Inequality can occur in education when teachers evaluate their students without considering the five dimensions of a level playing field: resources; respect and recognition; love, care and solidarity; Power supply; and work and learn.
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In the process of mentoring, in which a more experienced employee guides and nurtures a newer, less experienced employee, it is recommended that:
a.) all senior employees in the department be assigned their turn as mentors to afford them the experience
b.) at the start of the relationship a specific length of time for the mentoring to last is established
c.) the manager closely monitors the mentor's behavior during the relationship
d.) mentors should serve voluntarily and willingly without being required to do so
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Mentoring is the process by which a more experienced employee guides and nurtures a newer, less experienced employee. The process of mentoring provides an opportunity for an experienced employee to share knowledge and skills with less experienced ones.
It is recommended that mentors should serve voluntarily and willingly without being required to do so. The process should be an opportunity for the mentor to develop their skills, and therefore it should be voluntary.
The process of mentoring should also be a two-way street, where both parties gain valuable experiences from one another.
At the start of the relationship, a specific length of time for the mentoring to last is established to help both parties prepare for the mentoring period.
The relationship should be nurtured and monitored by the manager, but the mentor should be free to take responsibility for the mentoring process.
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Kindly explain CAPM, logic, uses and empirical test. Im deep
details and how it is used in pricing of stocks.?
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The Capital Asset Pricing Model (CAPM) is a financial model used to estimate the expected return on an investment based on its systematic risk. CAPM is widely used in finance for pricing stocks and determining investment decisions.
The CAPM is based on the idea that investors should be compensated for taking on additional risk. It assumes that the expected return of an asset is equal to the risk-free rate plus a risk premium, which is determined by the asset's beta, a measure of its sensitivity to market movements.
The CAPM is used to determine the required rate of return for an investment based on its risk profile. This helps investors assess the attractiveness of an investment and make informed decisions. Secondly, it is used in pricing stocks by discounting the expected future cash flows of a company using the CAPM-derived required rate of return.
Empirical tests of the CAPM have been conducted to evaluate its validity. These tests examine the relationship between asset returns and their betas, as predicted by the CAPM. As a result, alternative models and extensions to the CAPM, such as the Fama-French three-factor model, have been proposed to account for additional risk factors and improve the accuracy of return predictions.
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What happens to the total expenditures for a product with elastic demand when its price goes up?
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Answer:
Elasticity is more than One (Ed > 1): When demand is elastic, a fall in the price of a commodity results in increase in total expenditure on it. On the other hand, when price increases, total expenditure decreases. It means, in case of highly elastic demand, price and total expenditure move in the opposite directions.
Explanation:
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Household production, such as baking bread at home, is not included in gdp because it.
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Household production, such as baking bread at home, is not included in GDP because it does not involve a market transaction.
What exactly is a market transaction?
The trading of commodities and services on a market. When calculating gross domestic product, the set of market transactions that take place in the economy is crucial (GDP). Market transactions offer the fundamental information that the Bureau of Economic Analysis' number crunchers use to start estimating GDP.
These number crunchers' objective is to assess economic production rather than merely market transactions. As a result, they boost economic production while removing those market transactions that do not entail it.
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You are choosing the color scheme for a Web page. Which color is considered the color of extremes and is used to capture attention, and to indicate danger and anger? A: Green B:Red C: yellow D: purple thank you<3
Answers
Answer:
Red
Explanation:u
Red is the color of extremes. It's the color of passionate love, seduction, violence, danger, anger, and adventure.
The red color is associated with the extremes and is used to attract attention, as well as to symbolize danger and wrath, and this is the color scheme of the web page.
What is a web page?A web page is a simple document that a browser may display.
HTML is the language used to create such documents (which we look into in more detail in other articles).
A web page can contain a number of resources, such as style information, which controls the look and feel of the page.
The red color represents the extremes. This color is connected with passionate love, seduction, aggression, danger, rage, and adventure.
Therefore, option B is correct.
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Which was the minimum capital requirement for market risk in the 1996 BIS Amendment? A. At least 2 times 5-day VaR with a 95% confidence levelB. At least 3 times 7-day VaR with a 97% confidence level C. At least 3 times the 10-day VaR with a 99% confidence level D. 1-day VaR with a 99% confidence level
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The minimum capital requirement for market risk in the 1996 BIS Amendment was established as option A: At least 2 times the 5-day VaR with a 95% confidence level.
The correct answer is option a.
This amendment, introduced by the Basel Committee on Banking Supervision (BCBS), aimed to address market risk in banks' trading portfolios and ensure that they held sufficient capital to cover potential losses.
Value at Risk (VaR) is a risk management tool used to estimate the potential loss in a portfolio over a given period under normal market conditions, at a certain confidence level. In this case, the 5-day VaR with a 95% confidence level indicates the maximum expected loss over a 5-day period, with a 95% probability.
By setting the minimum capital requirement at 2 times the 5-day VaR with a 95% confidence level, the BIS Amendment sought to enhance banks' resilience to market fluctuations and reduce the probability of insolvency due to market risk exposure. This requirement allowed regulators to ensure that banks maintained adequate capital buffers to absorb potential losses arising from their trading activities, ultimately contributing to the stability of the financial system.
Therefore, the correct answer is option a.
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Asset sales, Usage fees, Brokerage frees, and advertising are all ___?
Types of businesses
sources of business revenue
Subscriptions
All of the above
Answers
Answer:
sources of business revenue
Explanation:
Revenue is the money a business gets from its normal trading activities. It is the income a business obtains through the sales of goods and services to customers. Revenue includes discounts received and purchase returns.
The sale of an asset is revenue to a business because it will receive money from the transaction. Usage fees, Brokerage fees, and advertising are money that businesses receive for offering services.
Summarize how savers, financial institutions and borrowers interact to help the economy to create capital.
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Answer:
Borrowers need capital in order to invest and start businesses. They can be both companies and individuals.
Savers on the other hand have capital and want to grow it so they need to find a way to get it to Borrowers who will then use it to invest.
This is where Financial institutions such as banks and mutual funds come in. They act as intermediaries and collect money from the savers and pool it together so that it becomes a significant amount. Borrowers then go to these institutions and present their plans to justify their need for capital.
If the plans are within an allowable risk threshold, they get the funds and then pay it back with interest as the business progresses thereby making money for both themselves and the savers.
what will happen to the demand curve if government regulations require that all households have at least two carbon monoxide alarms instead of just one
Answers
the gdp gap measures the difference between
Answers
Answer: Actual GDP and Potential GDP
Explanation:
A GDP gap is the difference between that actual GDP and the Potential GDP of an economy as represented by the long-term trend.
If you have to reject a job offer because it isn't what you wanted, what is the best step to take? a. Say no at the interview to save the employer time b. Do not call the interviewer back c. Call the interviewer back, thank them, and give a reason for your answer d. Call the interviewer and let them know you would never work for them Please select the best answer from the choices provided A B C D.
Answers
The best step to take is: c. Call the interviewer back, thank them, and give a reason for your answer.
A person or an individual may reject a job offer due to some personal reason or due to the following reasons:
The job did not fit or suit them.They are not comfortable with the work schedule.The job roles was not what they were expecting.The working environment is not comfortable for them.The salary was not what they were expecting etc.Assuming you reject or decline a job because the job was not want you wanted the best thing to do is to call the person that interviewed you or interviewer back and thank them for :
Selecting or choosing you.Inviting you for the interview and for giving you the job.You have to as well tell them reason why you did not accept the job offer or why you rejected the job offer.
Inconclusion the best step to take is: c. Call the interviewer back, thank them, and give a reason for your answer.
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For the same company and the same year, net income on a single-step income statement will be.
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The net income on a single-step income statement will allow the shareholders to focus and gauge the overall company vitality and profitability.
What is a single-step income statement?A single-step income statement provides a simplified and streamlined view of a company's revenue and expenditures.
This simple document simply communicates a:
Company's revenue,Costs, and Bottom Line net income.The top of the statement totals all income and gains, while the bottom totals all costs and losses.
This reduced method simplifies record-keeping for both accounting professionals who create the statement reports and investors who read them.
Thus, shareholders require to look at their net income to assess a company's overall profitability.
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which is not a type of utilization management? gatekeepers prescription drug review case management pre-admission certification mandatory second surgical opinion
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Gatekeepers, prescription drug review, case management, and pre-admission certification are types of utilization management, while mandatory second surgical opinion is not.
Utilization management is a process used by healthcare organizations to ensure the appropriate and efficient use of medical services. It involves various strategies and techniques aimed at controlling healthcare costs while maintaining quality care.
Among the options listed, gatekeepers, prescription drug review, case management, and pre-admission certification are all types of utilization management.
1. Gatekeepers: Gatekeepers are healthcare professionals, typically primary care physicians, who serve as the first point of contact for patients. They play a role in managing and coordinating access to specialty care and other medical services.
Their involvement helps ensure that patients receive necessary and appropriate care while avoiding unnecessary or duplicative services.
2. Prescription drug review: Prescription drug review is a utilization management strategy that involves assessing and managing the use of medications. It includes activities such as formulary management, prior authorization, step therapy, and medication therapy management.
The goal is to optimize medication utilization, promote cost-effective alternatives, and prevent misuse or overuse of drugs.
3. Case management: Case management is a comprehensive approach to coordinating and managing healthcare services for individuals with complex medical conditions.
It involves assessing patients' needs, developing care plans, coordinating services across different providers, and monitoring outcomes. Case management aims to improve patient outcomes, reduce costs, and enhance the overall quality of care.
4. Pre-admission certification: Pre-admission certification, also known as prior authorization, is a utilization management process that requires obtaining approval from a healthcare insurer before a planned medical service or procedure.
It ensures that the proposed treatment is medically necessary and cost-effective, preventing unnecessary procedures and controlling healthcare expenses.
On the other hand, a mandatory second surgical opinion is not a type of utilization management. While it may be a requirement in certain healthcare systems or for specific procedures, it does not fall under the umbrella of utilization management techniques.
Mandatory second surgical opinion is a policy or practice where patients are required to seek an additional opinion from another surgeon before undergoing certain surgeries.
It aims to provide patients with more information and reduce the potential risks associated with surgical interventions, but it is not directly related to the utilization management process.
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which of the following was not a destabilizing factor immediately following the end of the war? group of answer choices a flu pandemic a women's liberation movement high inflation and economic uncertainty political paranoia
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Option b is the correct solution to this question. A women's liberation movement was not a destabilizing factor immediately following the end of the war.
The women's liberation movement was a political alliance of feminist intellectualism and women that began in the late 1960s and persisted into the 1980s, mainly in industrialized Western countries, and which brought about significant change in many parts of the world. Learn out how the Women's Liberation Movement campaigned for women's rights to equal pay, training opportunities, inclusion in religious organizations, and acknowledgement of their labor.
When a French philosopher named Simone de Beauvoir, then in her thirties, started to write about what it meant to be a woman, the revolution quietly started in 1946.
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issues 1,400 shares of 10 par common stock in exchane for equipment with a fair market price of 60,000?
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The company issues 1,400 shares of $10 par common stock in exchange for equipment valued at $60,000.
In this transaction, the company is exchanging equipment with a fair market value of $60,000 for its common stock. The common stock has a par value of $10 per share, and the company is issuing a total of 1,400 shares. This means that the company is valuing each share of its common stock at $42.86 ($60,000 divided by 1,400 shares). By issuing these shares, the company is essentially using its common stock as a form of payment to acquire the equipment. This transaction helps the company acquire the equipment it needs while also potentially increasing its shareholder equity.
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Where is market equilibrium located
on a supply and demand curve?
A. at the origin of supply and demand
B. at the intersection of supply and demand
C. at the highest points of supply and demand
Answers
Answer:
B. at the intersection of supply and demand
Explanation:
Equilibrium is a market condition where there no excess or shortage in demand and supply. It is when the quantity demanded matches the quantity supplied. At equilibrium, buyers and sellers are happy with the prevailing prices.
In a graph showing the demand and supply curve, the equilibrium point is the intersection of the supply and demand curve.
career question #35 easy
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With the help of online research, write a short report on “glocalization.”
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The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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A normal distribution has a mean of 10 and a standard deviation of 2. What is the probability of a value being between 9 and 12
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The probability of a value being between 9 and 12 in a normal distribution with a mean of 10 and a standard deviation of 2 is approximately 0.3830 or 38.30%.
To calculate the probability of a value being between 9 and 12 in a normal distribution with a mean of 10 and a standard deviation of 2, we first need to standardize the values using the z-score formula:
z1 = (9 - 10) / 2 = -0.5
z2 = (12 - 10) / 2 = 1
We can then use a standard normal distribution table or calculator to find the probability of a value being between these two z-scores. The area under the curve between z = -0.5 and z = 1 is:
P(-0.5 < z < 1) = 0.3830 = 38.30%
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when consumed, many goods and services have an impact on other people not using the product. Which word describes this impact ?
A. appreciation
B. depreciation
C. externality
D. inflation
Answers
Answer:
Explanation:
depreciation
When consumed, many goods and services have an impact on other people not using the product. Depreciation word describes this impact. The correct option is B.
What does it mean to deprecate a product?Application developers who have already subscribed to a product may still use it after it is deprecated, but no new developers may do so. We disapprove of this use of company funds for political activities. to say that you disapprove of something.
In order to maintain backward compatibility and give programmers time to bring affected code into compliance with the new standard, features are deprecated rather than immediately removed. The following are some of the primary causes of depreciation: A more potent substitute feature has taken the place of the former feature.
Thus, the ideal selection is option B.
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A contract can be fulfilled by making an immediate payment of $11,800 or equal payments at the end of every six months for 12 years. What is the size of the semi-annually payments at 10.3% compounded semi-annually? The payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)
Answers
The size of the semi-annual payments is $27,582.624611 ( with six decimal )
To answer this question we need to look forward to the formula of compound interest paying interest semi-annually
since The payment is made every 6 months we have to divide our interest by 2 and multiply the year of payment by 2
P(1+r/2)^t*2
where P = principal amount
r= Rate of interest
t= no. of years
$11,800(1+0.103/2)^12*2
or, $11,800(1.0515)^24
or, $11,800*3.3375
$39,382.624611
The size of the semi-annual interest is ($39,382.624611-$11,800)= $27,582.624611
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Volkswagen (VW) Emissions Case
• Why was VW promoting "clean diesel" in the US? Why do you think engineers were
programming vehicle software to cheat emissions tests?
• Do you think managers knew about the cheat device? What is the management style at
VW? How might this have contributed to the scandal?
• What do you think about VW’s goal of becoming the world’s largest automotive
company? Do you think these goals "pushed" employees to cheat?
• How would you advise VW in this situation? What are the long-term implications for
VW’s future as a company and for the automotive industry in general?
Answers
VW promoted "clean diesel" to attract eco-conscious customers and comply with regulations, while engineers programmed cheat devices due to competition and pressure to meet emission standards.
1. VW promoted "clean diesel" in the US to appeal to environmentally conscious consumers and meet stricter emission regulations. Engineers may have programmed software to cheat emissions tests to achieve better performance or fuel efficiency while still meeting regulatory requirements.
2. It is unclear whether all managers knew about the cheat device. However, the management style at VW has been criticized for fostering a hierarchical and top-down culture, which may have contributed to a lack of transparency and accountability within the company.
3. VW's goal of becoming the world's largest automotive company may have created intense competition and pressure to meet sales targets. This could potentially create an environment where employees felt compelled to cheat in order to meet ambitious goals set by the company.
4. VW should take responsibility for the wrongdoing, cooperate fully with investigations, and implement stringent measures to ensure compliance and regain public trust. The long-term implications for VW include significant financial penalties, damage to its reputation, and potential changes in leadership and corporate culture. The scandal has also had broader implications for the automotive industry, leading to increased scrutiny of emission standards and testing procedures worldwide.
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10)
How might a mission statement help Donna with her new
business?
Answers
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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explain reasons for NGO's and CBOs to be part of the market environment
Answers
Answer:
explain reasons for NGO's and CBOs to be part of the market environment
Explanation:
explain reasons for NGO's and CBOs to be part of the market environment
Explanation:
NGOs exist for a variety of purposes, usually to further the political or social goals of their members. Examples include improving the state of the natural environment, encouraging the observance of human rights, improving the welfare of the disadvantaged, or representing a corporate agenda.
a mixed economy is a system where economic decisions are largely market driven and ownership is largely private, but the government intervenes in many private economic decisions.
true or false
Answers
True. A mixed economy is characterized by a combination of market-driven economic decisions and private ownership, with government intervention in various private economic matters.
A mixed economy refers to an economic system that incorporates elements of both free markets and government intervention. In a mixed economy, the majority of economic decisions are driven by market forces such as supply and demand, competition, and the profit motive. Private ownership of businesses and property is also a significant feature of a mixed economy, allowing individuals and organizations to pursue their economic interests. However, the government plays a role in a mixed economy by intervening in various private economic decisions. This intervention can take different forms, including regulation, taxation, subsidies, and public services. The government may regulate industries to ensure fair competition, protect consumers, or address externalities such as pollution. It may also implement taxation policies to redistribute wealth or provide subsidies to support specific sectors or address market failures. Overall, a mixed economy combines market-driven decision-making and private ownership with government intervention to achieve a balance between individual freedom and social welfare. The government's involvement aims to correct market failures, ensure equitable distribution of resources, and promote economic stability and social progress.
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Describe at least three variable cost Walmart has
Answers
Which is not an expense account?
Repairs
Advertising
Rent
Interest
Accrued
Answers
The answer option which is not an example of an expense account is: E. Accrued.
What is an expense account?An expense account can be defined as a type of account that include an amount of money (funds) that are paid to an employee by an employer of labor, so as to enable the employee spend the fund on things related to his or her job.
In Business management, some examples of an expense account include the following:
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When fire alarm sounds. Why should you evacuate children immediately even if you do not see flames?
Answers
Answer: because even if there is no fire there could be an explosion, fire and gasoline WILL make an explosion. So Basically it can start with fire but soon turn into an explosion. If it's a fire DRILL then it's for practice if that actually does happen.