Answer:
a
Explanation:
Advertising, soliciting, or accepting for a fee money or another negotiable instrument denominated in the currency of one government in exchange for money . Hence option A is correct .
What is currency exchange ?Another negotiable instrument denominated in the currency of another government is referred to as currency exchange or foreign currency exchange.
Businesses that offer currency exchange services let customers trade one currency for another. Currency exchanges can be accessible physically in places like banks or airports, but they are also becoming more prevalent online.
A licenced company that offers currency exchange services is known as a currency exchange. Coins and paper currency are typically exchanged over the counter at teller stations, which can be found in a variety of locations including airports, banks, hotels, and resorts. Currency The nominal fee that exchanges charge and the bid-ask spread in a currency are how they generate revenue.
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The ratio of profit, cost of material and labour in the production of an article is 5:7:13 respectively. If the cost of material is 840 more than that of labour, find the cost of producing the article
Answer:
Explanation:
SOLUTION: The ratio of the profit, cost of materials and labour in the production of an article is 5 : 7: 13 respectively. If the cost of materials is GH¢ 840 more than that of labour. fin
The ratio of the profit, cost of materials and labour in the production of an article is 5 : 7: 13 respectively. If the cost of materials is GH¢ 840 more than that of labour. find the total cost of producing the article.
Note: GH¢ stands for Ghana Cedis
The problem formulation is HEAVILY INCORRECT.
One part of the condition says that the cost of materials and the labor are 7x and 13x respectively,
where x is their common measure, a positive value.
The other part says that the cost of materials (7x) is 840 MORE than that of labor (13x).
It can not be so, BECAUSE it can NEVER be so.
I HOPE THIS WILL HELP YOU
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On this graph, what does the green arrow represent?
Answer:D
Explanation:
I will cash app you $10.
What type of position would you like to work in and in what type of hotel? Explain how the job matches your needs, wants, and personality
Answer:
I would be the assistant manger
Explanation:
As an assistant manger in lets say a small hotel chain I would be able to do some of the things that would be not to easy but not to hard and stay in the medium of things and as being in semi-control of things I feel as that would fit my all my needs.
btw I dont want the 10$
Select the best answer for the question.
4. One component of the agreeableness trait is altruism. Altruism means
O A. the need for personal success and to see others fail.
O B. the desire to help others, or the concern for the welfare of others.
O C. the ability to take and give criticism.
O D. poor self-confidence.
One component of the agreeableness trait is altruism. Altruism means the desire to help others, or the concern for the welfare of others. The correct option is (B).
What do you mean by an agreeableness?Trust, frankness, benevolence, compliance, humility, and tender-mindedness are the lower-level characteristics or aspects that makeup agreeableness.
Altruism is characterized by selflessness and care for the well-being of others. Although someone can overdo charity to the detriment of their own personal well-being, this is a commendable attribute.
Therefore, one component of the agreeableness trait is altruism. Altruism means the desire to help others, or the concern for the welfare of others.
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Isobel consumes positive quantities of both jam and juice. The price of jam is 10 cents per unit and the price of juice is 5 cents per unit. Her marginal utility of jam is 12 and her marginal utility of juice is 6.
A) Without changing her total expenditures, she could increase her utility by consuming more jam and less juice
B) Without changing her total expenditures, she could increase her utility by consuming more juice and less jam
C) Without changing her total expenditures on jam and juice, she could not increase her utility
D) She should spend more money on both jam and juice.
If two goods are perfect substitutes,
A) there is a bliss point and the indifference curves surround this point.
B) straight indifference curves have a negative slope.
C) convex indifference curves have a negative slope.
D) indifference curves have a L-shape.
The consumer is in equilibrium when
A) MRT MRS
B) Px/Py MUx/MUy.
C) the budget line is tangent to the indifference curve at the bundle chosen.
D) All of the above.
Answer:
A. Without changing her total expenditure, she could increase her utility by consuming more jam and less juice.
B. Straight line Indifference curve has negative slope.
D. All of the above.
Explanation:
Isobel can increase her total utility by consuming more of jam and less of juice. Her total expenditure will not change and therefore price of jam is 10 cents while price of juice is 5 cents. She can have more jam because marginal utility for jam is double than juice.
What amount must be set aside now to generate payments of $30,000 at the beginning of each year for the next 11 years if money is worth 5.95%, compounded annually? (Round your answer to the nearest cent.)
The amount that must be set aside in the present, to generate payments of $30, 000 for the next 11 years is $251,326.61
How to find the amount to set aside?The $30, 000 generated each year is an annuity which means that the amount to be set aside today is the present value of the annuity.
Because the payments come at the beginning of the year, this is an annuity due which means that we are looking for the present value of an annuity due.
This present value can be found as:
= Annuity amount x Present value of annuity due factor, 11 years, 5.95%
= 30, 000 x 8.38
= $251,326.61
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Accountability is the basic concept of delegation discuss?
Answer:
Delegation of Accountability
Explanation:
Unlike authority and responsibility, accountability cannot be delegated. Rather, it is inherent in the bestowment of responsibility itself. Anyone who sets out to accomplish a task and take on a job in a company becomes accountable for the outcome of their efforts.
Determine the missing amount:
Assets=Liabilities+owners Equity x 272000 573000
Based on the given amounts of assets and liabilities, the missing amount of Owner's equity is $301,000
How to find the equity?The Owners equity is one of the parts of the Accounting equation which is:
Assets = Liabilities + Owners Equity
The Assets in this instance is $573,000 and the Liabilities are $272,000.
The Owner's equity is the missing amount and it can be found as:
573,000 = 272,000 + Owners Equity
Owners Equity = 573,000 - 272,000
Owners Equity = $301,000
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Jacqul makes $35 an hour working as an accounting assistant. She works 40 hours each month.
Answer:
35x40=1,400
Explanation:
jacqul will make 1,400 dollars per month or 16,800 a year
Answer:
9800
Explanation:
35x40=1400
1400x7=9800
Juniper Design Limited of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $420,000 on sales of $1,500,000. The company’s average operating assets for the year were $1,700,000 and its minimum required rate of return was 15%.
Required:
Compute the company’s residual income for the year.
Answer: 165,000
Explanation:
To compute the company’s residual income for the year, we can use the formula:
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Given: Net Operating Income = $420,000 sales = $1,500,000
Average Operating Assets = $1,700,000
Minimum Required Rate of Return = 15% = 0.15
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Residual Income = $420,000 – (0.15 x $1,700,000)
Residual Income = $420,000 – $255,000
Residual Income = $165,000
Therefore, the company’s residual income for the year was $165,000.
Justin is a new manager with 27 direct reports. He has been feeling overwhelmed at work and just learned that the last three managers who held his position quit after only a few months. Which process theory appears to have been violated in this organization?
Expectancy Theory
Goal Setting Theory
Job Characteristic Theory
All of These
The process theory that seems to have been violated in this organization is the Job Characteristics Theory, which was created to analyze work outcomes, such as how work characteristics affect job satisfaction.
With the information contained in the question, it is clear that the characteristic that has affected the work of the new manager Justin is that he has felt overloaded at work.
The last three managers who held their position resigned after a few months, probably because they also felt overwhelmed, as there is information that managers deal with 27 direct reports.
Therefore, a strategy to increase job satisfaction would be to redesign the work, which:
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What do you know about productivity?
Answer:
The classic productivity definition is “a way to measure efficiency.” In an economic context, productivity is how to measure the output that comes from units of input. Tony Robbins' approach to productivity focuses on ways people can systematize and better manage their lives so they have more time to do what they want.
Answer:
productivity
Explanation:
productivity is the effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input.
im not very productive but im kinda productive today
I need help asap!!!!!
The Reasons the solution was not successful:
Some of the tour developers objected to the solution, citing that specialized classes required too much effort and expense.Keisha was not pleased with the extra funds requested by the tour developers for the classes, leading her to put a stop to the planning of the classes until further notice.Sharon's lack of communication with Keisha about the solution beforehand may have contributed to Keisha's negative reaction to the extra funds requested by the tour developers.What are educational tours?Generally, Educational tours are trips that students take as part of their curriculum in order to learn more about a certain subject or to visit a certain area.
These trips often involve visits to museums, historical sites, and other places of learning.
They can also include interactive activities and discussions to help students gain a better understanding of the topics they are studying.
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What is the difference between statistics and business statistics?
Answer:
Statistics is extended part of mathematics were you deal about only formulas numbers and business statistics deals about your knowledge about financial business marketing.
Identify Ten (10) Differences that exist Between
Personal consumers and organisational Consumers.
Explanation:
Consumers buy products for their own use, while businesses buy goods to use in their continuing activities and resell to consumers. Customers appetite and the need for manufacturing supplies force organizations to buy products in greater quantities than people.
Sam Smith is currently employed as a mechanical engineer and is paid $65,000
per year plus benefits thatare equal to 30% of his salary. Sam wants to begin a
consulting firm and decides to leave his current job. After his first year in
business, Sam's accountant informed him that he had made $45,000 with his
consulting business. Sam also notices that he paid $6,000 for a health
insurance policy, which was his total benefit during his first year. What was
Sam's opportunity cost?
What was Sam's opportunity cost?
Sam gave up $65,000 in salary plus $19,500 in benefits or a total of $84,500.
The concept in the back of opportunity value is that the fee of 1 object is the misplaced possibility to do or eat something else; in quick, opportunity cost is the price of the following fine alternative. benefits foregone by using no longer choosing an alternative direction of motion.
Opportunity cost is the cost of the following satisfactory element you surrender whenever you decide. it's miles the lack of capacity gained from other options when one opportunity is chosen. The concept of an opportunity price became first started by John Stuart Mill. possibility price is the difference in the advantage of a preference you are forgoing compared to the advantage of the choice you're making. you may recognize opportunity fee as an estimation of the way much regret you'll sense for making one desire over every other.
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15. A bottle‐filling operation has a target value of 20 and consistently averages 19.8 with a standard deviation of 0.5. The design engineers have established an upper specification limit of 22 and a lower specification limit of 18. Which statement concerning this process is TRUE? A. The two‐sided specification process capability index is 1.47 B. The one‐sided specification process capability index is 1.33 C. The process must be in control D. None of these is true
Answer:
A. The two sided specification process capability index is 1.47
Explanation:
The formula for calculating process capability index is :
( Upper specification Limit - Average of mean ) / 3 * Standard Deviation
CI = ( 22 - 19.8 ) / 3 * 0.5
CI = 1.47 approximately.
identify whether or not each challenge is one that china has faced in its efforts to become a major player in the global market for consumer electronics and other tech sector products.
The challenge is one that china has faced in its efforts to become a major player in the global market for consumer electronics and other tech sector products.
What is the market?The entire number of purchasers and sellers in the area or location under consideration is referred to as the marketplace. Earth, as well as several countries, regions, states, and urban center, maybe the subject.
The challenges faced by the china are as follows.
Challenge
A culture that does not value alternative thinking
B. inflexible college admittance policies based solely on test results
Not Challenge
A. lack of authorities funding for innovative research
B. poor-quality, pre-university education
C. a culture that does not value hard work.
Therefore, As a result, the challenges' china faces in the global market for consumer electronics are as follows.
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ABC Restaurant specializes in rice noodles and has driven up their economic profit, causing competitors to enter the restaurant market. Illustrate what will happen to the demand for ABC Restaurant's products and services, assuming that it is operating in a monopolistically competitive market.
Answer: See explanation
Explanation:
Monopolistic competition is regarded to as a market structure where the products that are sold in the market are closely differentiated and also there is a free entry and exit as new firms can enter the market.
It should be noted that in the short run, the firm will make economic profits and this will increase but in the long run when more firms enter the market, this will bring about more competitors and this will bring about a rose in the supply of rice noodles.
Since there's an increase in the supply of rice noodles, the price of the product will reduce and this will eventually result in ABC Restaurant earning a normal profit just like every other form in the market.
Design a business case document to justify why the incubator arrangement is a good strategy to
promote entrepreneurship.
These are a few possible drawbacks: The application procedure may be challenging and cutthroat. An applicant must provide a thorough business plan and reveal all of their company operations in order to be considered for most incubators.
What are benefits of business incubation?
Early-stage businesses can benefit from startup incubators by getting assistance with ideation, business planning, product-market fit testing, spotting possible intellectual property challenges, and networking with other startups.
A device called an incubator is used to cultivate and preserve cell or microbiological cultures. The incubator keeps the inside atmosphere's CO2 and oxygen concentrations at appropriate levels together with the ideal temperature and humidity.
Startups and early-stage enterprises often find it challenging to obtain the tools and support that business incubators offer. Their assistance may come in the form of networking opportunities, access to financiers and mentors, or co-working space with other companies and seasoned experts.
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One reason why firms might want to pursue a strategic alliance strategy is to exploit
economies of scale. Exploiting economies of scale should reduce firm’s costs. Does this
mean that a firm pursuing an alliance strategy to exploit economies of scale is actually
pursuing a cost leadership strategy? Why or why not? Support your answer
So, a strategic alliance may benefit the combined group in two ways: one, it will enable them to target larger clients without facing significant rivalry
Economies of scale, which are commonly assessed by the quantity of product provided per unit of time, seem to be the cost savings that businesses gain as a result of the significant scale of the economy.
In order to lower manufacturing costs, economies of scale is the method of producing any good at a very high volume. Strategic alliances allow two businesses to more effectively merge their operations.
It will enable them to lower costs through economies of scale. Additional benefits of economies of scale include lower prices for goods or cost focus in the marketplace.
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"The Four Ps and Three Cs form the basis of a simple model for TQM to take organizations successfully into the twenty-first century". Explain your understanding about statements with examples in a business
Answer:
Total quality management is a strategic ideal of all organizations today, operating in a highly competitive and globalized environment, where quality is an essential attribute for a company's good positioning and success in the active market.
Marketing and quality management tools, such as the four Ps and the three Cs will help companies to implement TQM in a simple and cheap way, through their own characteristics and analysis of their market. Using as an example a logistics company, the 4 ps of marketing and the 3 cs will help the company to improve its internal environment and consequently increase confidence in the external environment, because by improving communication, especially the organizational culture is strengthened, the strategies are more innovative and there is more staff capacity to set realistic goals and targets that can be achieved, by aligning organizational values with those of the potential audience, increasing quality, reducing waste, improving technology, reducing cost, etc.
9) Is homelessness ever a good thing? What exactly is a home?
Economic demand is?
A. the amount of a good or service that consumers are willing and able to buy at one price.
B. the amount of a good or service that consumers are willing and able to buy at various prices.
C.the amount of a good or service that producers are willing and able to produce at various prices.
D. the amount of a good or service that consumers are willing but not able to buy at various prices.
Which of the following is correct?
The correct answer is B. Economic demand is the amount of a good or service that consumers are willing and able to buy at various prices.
It reflects the relationship between the price of a product and the quantity that consumers are willing to purchase at that price. Demand is influenced by factors such as price, consumer preferences, income levels, and availability of substitutes.
As the price of a product decreases, the quantity demanded generally increases, and vice versa, following the law of demand. The demand curve represents this relationship, showing the quantity of a good or service that consumers are willing and able to buy at different price points.
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8
What are three advantages of corporations?
Answer:
Personal liability protection, business security and continuity
Which type of logic is based on indisputably verifiable information?
Answer:
Falsifiability
Explanation:
Falsifiability
Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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1. Explain each of the following statements using
supply-and-demand diagrams.
a. "When a cold snap hits Florida, the price of
orange juice rises in supermarkets through-
out the country."
b. "When the weather turns warm in New
England every summer, the price of hotel
rooms in Caribbean resorts plummets."
c. "When a war breaks out in the Middle East,
the price of gasoline rises, and the price of a
used Cadillac falls."
( this is for my macroeconomics class)
Due to crop damage or transportation issues, Florida cold snaps may impair orange juice supplies.
When New England becomes hotter in July, fewer people want to fly to the Caribbean.
Due to transportation issues or manufacturing facility damage, Middle East wars may impair gasoline supplies.
What is supply-and-demand?Generally, When a cold snap hits Florida, the supply of orange juice may be disrupted due to damage to crops or transportation difficulties. This decrease in supply would shift the supply curve to the left, leading to an increase in the equilibrium price of orange juice. The demand for orange juice may also increase due to its perceived health benefits or as a result of consumers stockpiling it in anticipation of further supply disruptions. This increase in demand would shift the demand curve to the right, further contributing to the increase in the equilibrium price.
b. When the weather turns warm in New England every summer, the demand for hotel rooms in Caribbean resorts may decrease as fewer people are interested in traveling to a warm destination. This decrease in demand would shift the demand curve to the left, leading to a decrease in the equilibrium price of hotel rooms. The supply of hotel rooms may also increase as more resorts offer discounts and promotions to attract travelers. This increase in supply would shift the supply curve to the right, further contributing to the decrease in the equilibrium price.
c. When a war breaks out in the Middle East, the supply of gasoline may be disrupted due to transportation difficulties or damage to production facilities. This decrease in supply would shift the supply curve to the left, leading to an increase in the equilibrium price of gasoline.
The demand for gasoline may also increase as a result of increased military activity or as a result of consumers stockpiling it in anticipation of further supply disruptions. This increase in demand would shift the demand curve to the right, further contributing to the increase in the equilibrium price.
The demand for used Cadillacs may decrease as consumers reduce their spending on non-essential items or as a result of decreased consumer confidence. This decrease in demand would shift the demand curve to the left, leading to a decrease in the equilibrium price of used Cadillacs.
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If you were a manager in a company that operates in many countries, what criteria would you use to determine whether an application should be developed as a global application or as a local application?
As a manager in a company that operates in many countries, I would consider the following criteria to determine whether an application should be developed as a global application or a local application:
Market demand: The first criterion would be to determine if there is a global market demand for the application. If the application addresses a need that is common across multiple countries, it makes sense to develop a global application. However, if the application is specific to a particular country or region, it may be better to develop a local application.
Cultural considerations: Cultural differences between countries can be a significant factor when deciding whether to develop a global or local application. Certain features that are accepted or preferred in one country may not be well-received in another. Therefore, it is essential to understand the cultural preferences of the target audience and design the application accordingly.
Language: If the application requires support for multiple languages, it may make more sense to develop a global application. In contrast, a local application would only need to support the primary language spoken in the country or region.
Legal requirements: Legal and regulatory requirements can differ significantly from country to country. Therefore, it is essential to ensure that the application complies with local regulations, including privacy laws, data protection laws, and other relevant regulations.
Cost considerations: Developing a global application can be more expensive due to the need to consider cultural, legal, and language differences. Therefore, cost considerations should be taken into account when deciding between a global or local application.
By considering these criteria, a manager can determine whether an application should be developed as a global application or a local application.
Johnson Corporation began the year with inventory
of 11,000 units of its only product. The units cost $8
each. The company uses a perpetual inventory
system and the FIFO cost method. The following
transactions occurred during the year:
a. Purchased 55,000 additional units at a cost of
$10 per unit. Terms of the purchases were 2/10,
n/30, and 100% of the purchases were paid for
within the 10-day discount period. The company
uses the gross method to record purchase
discounts. The merchandise was purchased
f.o.b. shipping point and freight charges of $0.50
per unit were paid by Johnson.
b. 1,100 units purchased during the year were
returned to suppliers for credit. Johnson was
also given credit for the freight charges of $0.50
per unit it had paid on the original purchase.
The units were defective and were returned two
days after they were received.
c. Sales for the year totaled 50,000 units at $18
per unit.
d. On December 28, Johnson purchased 5,100
additional units at $10 each. The goods were
shipped f.o.b. destination and arrived at
Johnson's warehouse on January 4 of the
following year.
e. 14,900 units were on hand at the end of the
year.
Required:
1. Determine ending inventory and cost of goods
sold at the end of the year.
2. Assuming that operating expenses other than
those indicated in the above transactions
amounted to $152,000, determine income
before income taxes for the year.
3. For financial reporting purposes, the company
uses LIFO (amounts based on a periodic
inventory system). Record the year-end
adjusting entry for the LIFO reserve, assuming
the balance in the LIFO reserve at the beginning
of the year is $15,200.
1. To determine the ending inventory and cost of goods sold at the end of the year, we need to calculate the following:
Beginning Inventory:
11,000 units × $8 per unit = $88,000
Purchases:
55,000 units × $10 per unit = $550,000
Less: Purchase Returns:
1,100 units × $10 per unit = $11,000
Net Purchases:
55,000 units - 1,100 units = 53,900 units
Cost of Goods Available for Sale:
$88,000 (beginning inventory) + $550,000 (purchases) - $11,000 (purchase returns) = $627,000
Ending Inventory:
53,900 units - 14,900 units = 39,000 units
Cost of Goods Sold:
53,900 units - 39,000 units = 14,900 units
Cost of Goods Sold:
14,900 units × $10 per unit = $149,000
2. To calculate the income before income taxes for the year, we need to subtract the cost of goods sold and operating expenses from sales:
Sales:
50,000 units × $18 per unit = $900,000
Income before Income Taxes:
$900,000 (sales) - $149,000 (cost of goods sold) - $152,000 (operating expenses) = $599,000
3. To record the year-end adjusting entry for the LIFO reserve, we need to calculate the change in the LIFO reserve:
Change in LIFO Reserve:
Ending LIFO Reserve - Beginning LIFO Reserve
Assuming the beginning LIFO reserve is $15,200, and the ending LIFO reserve is the desired amount:
Change in LIFO Reserve = Ending LIFO Reserve - Beginning LIFO Reserve
Change in LIFO Reserve = Desired LIFO Reserve - $15,200
Once the change in the LIFO reserve is determined, the adjusting entry can be recorded by debiting or crediting the LIFO reserve account accordingly.
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