On December 31, 2020, Berclair Inc. had 460 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $700 million. The income tax rate is 25%.
Also outstanding at December 31 were incentive stock options granted to key executives on September 13, 2016. The options are exercisable as of September 13, 2020, for 30 million common shares at an exercise price of $56 per share. During 2021, the market price of the common shares averaged $70 per share.
In 2017, $50.0 million of 8% bonds, convertible into 6 million common shares, were issued at face value.
Required:
Compute Berciair's basic and diluted earnings per share for the year ended December 31, 2021.
Answers
Answer:
Basic earnings per share = $1.46
Diluted earnings per share = $1.40
Explanation:
Basic earnings per share = Earnings Attributable to Holders of Common Stock / Weighted Average Number of Common Stockholders
Earnings Attributable to Holders of Common Stock Calculation :
Net income for the year ended December 31 $700,000,000
Less Preference dividend ( 3,000,000 × 9%×$100×5%) ($1,350,000)
Earnings Attributable to Holders of Common Stock $698,650,000
Weighted Average Number of Common Stockholders Calculation :
Common Shares 1 January 2021 460 million
Purchased On March 1, 2021, (10/12×24,000,000) 20 million
Weighted Average Number of Common Stockholders 480 million
Basic earnings per share = $698,650,000/ 480,000,000
= $1.46
Diluted earnings per share = Adjusted Earnings Attributable to Holders of Common Stock /Adjusted Weighted Average Number of Common Stockholders
Adjusted Earnings Attributable to Holders of Common Stock Calculation :
Net income for the year ended December 31 $700,000,000
Less Preference dividend ( 3,000,000 × 9%×$100×5%) ($1,350,000)
Earnings Attributable to Holders of Common Stock $698,650,000
Adjusted Weighted Average Number of Common Stockholders Calculation
Common Shares 1 January 2021 460 million
Purchased On March 1, 2021, (10/12×24,000,000) 20 million
Weighted Average Number of Common Stockholders 480 million
Diluted earnings per share = $698,650,000/ 500,000,000
= $1.40
Related Questions
diminishing marginal benefit a. can be observed in the downward slope of the demand curve. b. can be observed in the upward slope of the supply curve. c. does not affect a buyer's decision. d. means that consumers are willing to pay more for additional units of an item.
Answers
Diminishing marginal benefit can be observed in the downward slope of the demand curve.
What is diminishing marginal benefit ?
According to the law of decreasing marginal benefits, the amount of satisfaction obtained from each unit of a product will decrease as more of them are consumed. Most of the time, a single purchase can satisfy a consumer's demand for a particular item because needs are generally constrained.
According to the "Law of Diminishing Marginal Usefulness," the marginal utility of any good or service declines as the amount of that good or service rises, ceteris paribus.
What is the most effective illustration of declining marginal utility?
A prominent example of a good with decreasing marginal utility is food. Consider an apple as an illustration. An apple is a fairly high value item if you're famished.
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Give account of the political argument against outsourcing practiced by US firms.
Answers
Answer:
The political argument against outsourcing practiced by U.S. firms can be summarized in three arguments:
Explanation:
The trade balance argument: this factor is both economic and political, and those who agree with it argue that outsourcing contributes to the decline of American exports while raising the amount of imports at the same time, since those goods and services produced abroad by outsourcing have to be imported to the U.S. if they are to be consumed by American consumeres.
The American worker argument: outsourcing creates a job loss in the U.S. that affects American workers, specially those without a tertiary education. Those who agree with this argument state that outsourcing increases economic inequality, urban decay, rates of mental disease and drug use, and so on.
The national security argument: this argument applies to specific industries like the weapon industry or pharmaceutical. Supporters of this argument say that there are several industries and economic sectors that should not be outsourced on the basis of national security.
Delivering a Presentation Video Discussion
1. Create one powerpoint slide that lists 5 delivery tips from this lesson that you will apply to the upcoming presentation (provide page
numbers from the book and time markers from the video to support your response).30 points
Answers
A video presentation is a recording that includes multiple slides, audio, video narration, animation, and images in order to effectively convey specific information to an audience.
What is the main advantage of presentation?The ability to engage with your audience is the main benefit of any presentation. On the other hand, you must assume certain things about your audience when you are presenting information in a document.
As a narrative arc in comparison to other forms, storytelling is more deeply ingrained in our brains. Additionally, using video to engage viewers and tell stories The best storytellers are frequently the best communicators for a reason. A good story draws people in.
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Write a paragraph about Bad customer service
Answers
Answer:
Bad customer service can be defined as when a business fails to meet the customer expectations in terms of service quality, response time, or overall customer experience. ... According to NewVoiceMedia, an estimated $62 billion is lost by U.S. businesses each year following negative customer experiences.Poor customer service can cause employees of a business to feel insecure and unhappy at work. Nobody likes being subject to anger from unpleased customers and without sufficient strategies in place to deal with these complaints, employees are far more likely to feel dissatisfied with their jobOn December 30, 2018, Varsity Corporation sold available for sale marketable securities costing $800,000 for $860,000 cash. The securities were purchased on January 2, 2016 and the market value of the securities on December 31, 2016 and December 31, 2017 was $820,000 and $780,000, respectively. How much gain or loss will Varsity report in its income statement for the year ending December 31, 2018
Answers
Answer:
The gain reported is $60,000
Explanation:
The computation of the gain or loss reported is as follows;
Book value as on December 31 2017 $780,000
Add: balance of unrealized loss ($40,000 loss - $20,000 gain) $20,000
Total $800,000
Gain (sale value - total) ($860,000 - $800,000) $60,000
hence, the gain reported is $60,000
what is the standard form of identification for dod employees
Answers
For DoD employees, the common access card (CAC) is the preferred form of identification.
What certifications can I use with the Common Access Card CAC?CAC is based on X. 509 certificates, and it has software middleware that lets an operating system to talk to the card via a real card reader.
The CAC, a "smart" card roughly the size of a credit card, is the preferred form of identification for qualified contractor personnel, Selected Reserve, active duty uniformed Service members, and DoD civilian employees.
What is CAC ID actually stand for?The CAC is the generally recognized as being an acceptable form of identification for DoD workers and qualified outside parties. At any given time, 4.5 million active duty military personnel are using the ubiquitous Common Access Card.
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briefly explain how the decision support system resolved the problems experienced by the railways
Answers
The decision support system improved the efficiency of the railroads, paying special attention to the punctuality and speed of transportation on both passenger and commercial routes. The Indian Railways encounter a number of difficulties, including the failure to ensure train punctuality.
Ticketless transit by passengers, damage to or theft of railroad property, and others. The railways suffer a considerable loss in income as a result. By December 2023, 100% electrification of the broad gauge is the goal. In 2020–21, the speed of freight trains doubled to 46 kmph from 23 kmph in previous years. In January 2019, all unmanned level crossings on the broad gauge were removed.
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What is the difference between final goods and intermediate goods?
Answers
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
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Which of the following markets is an example of monopolistic competition?
Answers
Answer: The restaurant industry
Explanation:
Answer:A new pizza shop promotes a unique new flavor of ice cream
True Flight Golf manufacturers a popular shaft for golf clubs. Its trade secret is a unique process for weaving
high-tension wire into the center of the shaft such that energy is accumulated during the swing and released
at impact. A specialized machine costing $3,000,000 is utilized in the manufacturing process. The machine has
a 3-year life and no salvage value. True Flight uses straight-line depreciation. During the year, 25,000 shafts
were produced, and the company was operating at full capacity. $700,000 of wire was used during the year.
(b) For the two noted cost items, how much was total variable cost and total fixed cost?
(c) For the two noted cost items, how much was variable cost per unit and how much was fixed cost
per unit?
(d) Repeat requirements (b) and (c), assuming production was only 20,000 units (and wire usage was
reduced proportionately).
(e) For the following year, if the company acquired an additional machine to enable production of
40,000 total units, what would happen to the expected total and per unit variable and fixed cost?
(f) If the company experiences significant growth, and finds it necessary to continue to add additional
machines, how would the machine cost be characterized (hint: fixed, variable, or something else)?
In theory, at what production level(s) would per unit cost be minimized?
Answers
Explanation:
raj started business with Cash
Freida bought an arcade gaming system with a sticker price of $2500. She received an installment loan and will pay $150 per month for 2 years. When the loan has been paid in full, how much will Freida have paid for the arcade system?
Answers
Answer:3600
Explanation:
When the loan has been paid in full, $3600 will Freida have paid for the arcade system.
To figure out how much Freida spent for the arcade system, multiply the amount she paid each month by the number of days in two years, which is 24.
number of months in 2 years = 12 + 12
number of months in 2 years = 24
will pay $150 per month
$150 × 24 = $3600.
When the loan is paid in full, the arcade equipment will cost $3600.
As a result, the significance of the Freida have paid for the arcade system are the aforementioned.
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Determine if management made the correct decision to not process the table cleaner further by doing the following.
(1) Calculate the company’s total weekly gross profit assuming the table cleaner is not processed further.
Total weekly gross profit $enter total weekly gross profit in dollars
(2) Calculate the company’s total weekly gross profit assuming the table cleaner is processed further.
Total weekly gross profit
Answers
Weekly gross profit if not further processed = $100,700
weekly gross profit if it is further processed = $125,100
For answering the questions first we have to make a table for analysation of all the products of both the cases
Kindly refer to the tables attached
As we can see that gross profit in further processed column is higher than in not to further process column.
So management made the wrong decision as they had a loss of $24,400.
Hence , it should have been processed further.
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A trader is long EUR/USD at 1.2780 and has a target of 1.2790, but wants to limit losses to 1.2775. If they have entered an OCO order, and EUR/USD trades below 1.2775 and then above 1.2790, what would be the resulting trade
Answers
If an OCO order is entered, and EUR/USD trades below 1.2775 and above 1.2790, the resulting trade is to: Sell at 1.2790 and again at 1.2775.
What is OCO order?OCO order which full meaning one cancels the other can be defined as a way in which both limit order as well as stop order can be place at once.
Since the trade target is 1.2790 in which the stop loss or limit loss is 1.2775 in a situation were EUR/USD trades below the limit loss (1.2775) and above the target (1.2790) the trading result will be to sell at 1.2790 and then sell again at 1.2775.
Inconclusion what would be the resulting trade is to:Sell at 1.2790 and again at 1.2775.
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Post-assessment
Question 2 of 10
Which of these is true about social signals?
Answers
The option which is always true about social signals is : "They may have different meanings across cultures."
What are social signals?Social signals are interactions between social media users and the content you share on your website.
Below are some examples of social signals. Someone shared a link to a page on your site in a public Fac. ebook post. The post will receive likes, comments and other shares. Social signals are interactions and engagement between people with posts on social media.
Social signals include: Fac. ebook likes, comments and shares. Tw. itter likes, retw. eets, quotes and conversations.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
Which of these is true about social signals?A. They are always clear and obvious.B. Only peers send them to each other.C. They tell you everything you need to know.D. They may have different meanings across cultures.
Search the library and the Internet for information pertaining to the ethical violation made by an organization, past or present, and be sure not to identify the organization. See if this incident has occurred in other organizations; give 2 examples and their outcomes. (OWN WORDS)
Answers
Legitimizations that are Substantial for the Association's Activities Business ethics issues length a great many subjects inside an association's ethical rules. Straightforward moral issues in business include empowering conduct that depends on genuineness and trust, however more complicated issues include obliging variety, humane navigation, consistence, and administration that is reliable with the association's fundamental standards.
Business ethics, typically alluded to as corporate morals, is a subset of applied morals or expert morals that resolves moral or moral issues that might come up in the work environment.
It is critical to the activities of the two individuals and whole organizations and is relevant to all features of business behavior.
People, authoritative declarations, or the overall set of laws all add genuineness to these morals.
These guidelines, goals, moral convictions, and untrustworthy conduct act as an organization' core values.
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Place the generational cohorts in the correct order from oldest to youngest. NOTE: the generation with the oldest age members should be the top item in your
Instructions
Need help? Review these concept resources.
Millennials
Generation X
Generation Alpha
Baby boomer
Generation Z
Answers
In terms of describing today's youngsters, Generation Z, Generations Alpha is the most appropriate term.
The Silent Generation, Baby Boomers, Generation X, and Millennials are just a few of the generations that make up the generational categories that the Pew Research Center regularly updates. Gen Z birth years were introduced by the organisation in 2019 officially. Several sources have since offered their opinions on the Gen Alpha age ranges. For each generation, see below for the most recent definitions:
The Silent Generation: Born 1928-1945 (78-95 years old)Baby Boomers: Born 1946-1964 (59-77 years old)Gen X: Born 1965-1980 (43-58 years old)Millennials: Born 1981-1996 (27-42 years old)Gen Z: Born 1997-2012 (11-26 years old)Gen Alpha: Born early 2010s-2025 (0-about 10 years old)Learn more about generational cohorts: https://brainly.com/question/29060025
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Answer:
baby boomers
gen x
millennials
gen z
gen alpha
Explanation:
how do I calculate the gain on disposal of these assets
Answers
To calculate the gain on disposal of assets, you need to use the following formula:
Gain on disposal = Proceeds from disposal - Carrying amount of the asset (i.e. Cost of the asset - Accumulated depreciation)When an asset is sold, the company receives cash which is known as the proceeds from disposal.
The carrying amount of the asset represents the historical cost of the asset less accumulated depreciation on the asset over its useful life.
Suppose a company sells a machine for $20,000. The original cost of the machine was $30,000, and its accumulated depreciation is $10,000. Then, the gain on disposal of the machine will be:Gain on disposal = $20,000 - ($30,000 - $10,000) = $20,000 - $20,000 = $0
Therefore, in this case, there is no gain or loss on the disposal of the machine.
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What are some solutions for schools to fix the problem of too much work/homework given by teachers
Answers
they could give out less homework
give out weekly packets instead of a lot of daily work
only do necessary work
do more work in class
give homework every 2 weeks
or stop giving homework all together
Given the following information for Blue Bell Company for last year: Net sales (all on account) $5,200,000 Cost of goods sold 2,080,000 Interest expense 240,000 Income tax expense 280,000 Net income 420,000 Income tax rate 40% Total assets: January 1 $1,800,000 December 31 2,400,000 Shareholders' equity (all common): January 1 1,500,000 December 31 1,600,000 Current assets, December 31 700,000 Quick assets, December 31 400,000 Current liabilities, December 31 300,000 Net accounts receivable: January 1 200,000 December 31 180,000 Inventory: January 1 210,000 December 31 250,000
Refer to table: Blue Bell's current ratio at December 31 was:____.
a. 2.33 times
b. 3.67 times
c. 0.43 times
d. 1.33 times
Answers
Based on the information given Blue Bell's current ratio at December 31 was:
a. 2.33 times.
Using this formula
Current ratio=Total current assets/ Total current liabilities
Where:
Total current assets=$700,000
Total current liabilities=$300,000
Let plug in the formula
Current ratio=$700,000/$300,000
Current ratio=2.33 times
Inconclusion Blue Bell's current ratio at December 31 was:
a. 2.33 times.
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What is the main reason why empathy is important for communication?
Answers
Answer:
it means you can understand what a person is feeling in a given moment, and understand why other people's actions made sense to them. Empathy helps us to communicate our ideas in a way that makes sense to others, and it helps us understand others when they communicate with us.
why should entrepreneurs operate under the conditions of perfect market
Answers
Operating under the conditions of a perfect market can offer several advantages for entrepreneurs.
Reasons why entrepreneurs may prefer to operate under the conditions:Competition and Efficiency: in a perfect market, there is intense competition among buyers and sellers. This competition encourages entrepreneurs to be efficient, innovative, and responsive to market demands.
Price Determination: in a perfect market, prices are determined by the forces of supply and demand. This price mechanism allows entrepreneurs to make informed decisions about production, investment, and resource allocation.
Market Access: a perfect market typically has low barriers to entry, allowing entrepreneurs to enter and exit the market freely. This means that new entrepreneurs can easily establish businesses and compete with existing firms.
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Minette Company reported net income of $200,000 for the year ended December 31, 2022. During the year, inventories decreased by $40,000, accounts payable decreased by $60,000, depreciation expense was $45,000 and a gain on disposal of equipment of $15,000 was recorded. Net cash provided by operating activities in 2022 using the indirect method was:_______
a. $245000.
b. $210000.
c. $240000.
d. $280000
Answers
Answer:
b. $210000.
Explanation:
Calculation for Net cash provided by operating activities in 2022
Using this formula
Net cash=Net income+Inventories- Account payable+ Depreciation expense -Gain on disposal
Let plug in the formula
Net cash=$200,000 + $40,000 − $60,000 + $45,000 −$15,000
Net cash = $210,000
Therefore the Net cash provided by operating activities in 2022 will be $210,000
QUESTION 1
Technician A says the ECM closes the intake air control valve at low speeds.
Technician B says the ACIS adjusts intake manifold length to maximize emissions.
Who is right?
Select the correct option and click NEXT.
A only
B only
Both A and B
Neither A nor B
Answers
Technician A says the ECM closes the intake air control valve at low speeds. Both A and B are correct. Option C
What is ACIS (Active Control Intake System)?Generally, In most cases, the E/C/M, which stands for "Engine Control Module," is a computer that manages a variety of systems inside the vehicle. One of these systems is the intake air control va/lv/e, which regulates the quantity of air that is su/cked into the engine.
A system known as the Active Control Intake System (A/CI/S) is a device that modifies the length of the intake man/if/old in order to improve the efficiency of the engine and reduce emissions.
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Which of the following is not a benefit of tight cross-functional integration among research and development (R&D), production, and marketing?
A. New products are designed for ease of manufacture.
B. Development costs are kept in check.
C. Product development projects are driven by company innovations.
D. Time to market is minimized.
E. Customer needs are considered in the product development process.
Answers
The correct answer is (c) Product development projects are driven by company innovations. The process of combining various functional business activities within an organization is CF integration.
What is cross function integration?Cross-functional integration refers to the close collaboration of personnel representing different functional organizations through cross-functional teams or other organizational means.
A cross-functional team consists of members with different fundamental perspectives and expertise necessary to achieve a common team goal.
As a result, the activities and decisions provided by cross-functional teams are considered superior to those provided by individuals or groups that take only a functional perspective.
Implementing cross-functional integration requires understanding that conflicts can arise.
That is why the integration process itself and its seamless construction are so important when it comes to different job prospects and skills.
Innovation happens during multiple brainstorming sessions within cross-functional teams.
It's a challenging process because sharing thoughts and opinions, removing the unrealistic, and emphasizing what's great is the main goal of his COMMITMENT.
Creativity and integrated ideas can be transformed into the best products. This explains the transformative effect of cross-functional integration on developed products.
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In 2020, a company receives advance payments from its customers. The company will deliver the products in 2021. At the end of 2020, the company will __________ related to this transaction (enter 1, 2, 3, or 4 that represents the correct answer).
1. record a deferred tax asset
2. record a deferred tax liability
3. have a permanent difference
4. report no difference between financial income and taxable income for 2020.
Answers
Answer:
In 2020, a company receives advance payments from its customers. The company will deliver the products in 2021. At the end of 2020, the company will ____1______ related to this transaction (enter 1, 2, 3, or 4 that represents the correct answer).
1. record a deferred tax asset
Explanation:
For having paid income tax in 2020 on the cash received for deferred revenue, the company will record a deferred tax asset. This deferred tax asset will then be offset in 2021 when the sales revenue will be recorded according to the financial income accounting. Deferred tax asset arises from the overpayment or advance payment of taxes. The opposite of a deferred tax asset is called a deferred tax liability, representing income tax owed, which will be settled in the coming years.
Assume that a manufacturing company incurred the following costs: Direct labor $ 90,000 Advertising $ 40,000 Factory supervision $ 36,000 Sales commissions $ 15,000 Depreciation, office equipment $ 4,000 Indirect materials $ 5,000 Depreciation, factory building $ 20,000 Administrative office salaries $ 1,000 Utilities, factory $ 2,500 Direct materials $ 106,000 Insurance, factory $ 10,000 Property taxes, factory $ 7,000 What is the total amount of manufacturing overhead
Answers
The manufacturing overhead is calculated by taking all the costs that are incurred directly for the manufacturing process of goods.
Costs incurred are as follows:
Direct labor $90,000
Indirect Material $5,000
Depreciation factory building $20,000
Utilities (Factory) $2,500
Direct Materials $106,000
Factory $,7000
Total Manufacturing Overhead = $230,500
Therefore the answer to the question is $230,500
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QUESTION 7 of 10: What is an advantage of selling consumable items?
ОООО
a) They do not need refrigeration
b) They typically have a large profit margin
c) They are long-lasting
d) They tend to generate repeat business
Sulinit
Answers
Answer:
its D. they tend to generate repeat buisness
Explanation:
Answer: They tend to generate repeat business
14) You are in a virtual one-on-one meeting. How should you conduct yourself in this kind of meeting?
A) Dress casually to make the one-on-one conversation feel more casual.
B) Maximize the amount of time you spend looking directly at the camera
C) focus your gaze on yourself so the other person does not feel uncomfortable
Answers
Answer:
The answer is B) Maximize the amount of time you spend looking directly at the camera.
Explanation:
Looking directly at the camera is important because it simulates eye contact and helps to build trust and connection. It also shows that you are paying attention and engaged in the conversation, while avoiding the impression of being distracted or disinterested.
5. You take your answer to question 4 to your parents and say, "Hey, why didn't you think
ahead and buy me this coat the year I was born??? Look at all the money we could have
saved!" Aside from the fact that your parents had no way of knowing you'd want a North
Face almost two decades later, your parents disagree with your logic and say there
wouldn't have been any savings by buying the coat in your birth year. Why is your parent
making this claim?
Answers
We can see here that your parent is making this claim because they understand the concept of inflation, which is the general increase in prices of goods and services over time. While the cost of the coat in your birth year may have been lower than it is now, the value of money has also decreased over time due to inflation.
Who is a parent?A parent is an individual who has produced offspring through sexual or asexual reproduction. In many cultures and societies, however, the definition of a parent may extend beyond biological reproduction to include individuals who have taken on a nurturing and caretaking role for a child, such as adoptive parents, step-parents, or legal guardians.
So, if your parents had bought the coat for you in your birth year, they would have paid less in absolute terms, but the real cost of the coat, adjusted for inflation, would have been roughly the same. Therefore, your parents are saying that there would not have been any savings by buying the coat in your birth year.
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If increasing the number of goods produced is one way to increase
productivity, what is the other way to increase productivity?
Answers
Productivity refers to the measure of output per unit of input over a given period of time. A company’s productivity level is a crucial factor in determining its profitability. Productivity can be increased in different ways, including increasing the number of goods produced and reducing waste. These are the two ways to increase productivity. Therefore, the answer to the question is reducing waste.
Another way to increase productivity is to improve efficiency. Efficiency is a measure of how well inputs are converted into outputs. Improving efficiency means reducing the amount of time, effort, and resources needed to produce a certain output. A company can improve its efficiency in various ways, including using better technology, improving its production processes, and training employees to work more effectively. Increasing productivity is critical for the growth of any business. Productivity can be increased by implementing a wide range of strategies. Reducing waste is one way to increase productivity, while improving efficiency is another way. Both of these strategies help companies to achieve their goals by producing more goods in less time. In conclusion, companies need to explore ways to improve their productivity levels continually. This will help them to increase their profitability, grow their business, and remain competitive in the market.
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