To calculate the return on assets (ROA), we use the formula: ROA = Net Income / Average Total Assets.
Given:
Return on equity = 15%
Earnings before taxes = $30,000
Total asset turnover = 0.5
Profit margin = 6%
Tax rate = 35%
First, let's calculate the net income:
Net income = Earnings before taxes - (Tax rate x Earnings before taxes)
Net income = $30,000 - (0.35 x $30,000)
Net income = $30,000 - $10,500
Net income = $19,500
Next, let's calculate the return on assets (ROA):
ROA = Profit margin x Total asset turnover
ROA = 0.06 x 0.5
ROA = 0.03 or 3.0%
The correct option for ABC's return on assets (ROA) is:
a. 3.0%
Please note that the given information does not include the total assets of ABC, so we cannot calculate the absolute value of the ROA. However, based on the provided data, we can calculate the ROA as a percentage.
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A category of persons who have similar opportunities to obtain economic resources, power, and prestige and who are ranked high and low in relation to each other is called:
A category of persons who have similar opportunities to obtain economic resources, power, and prestige and who are ranked high and low in relation to each other is called a **social class**.
Social class refers to a system of stratification in society where individuals or groups are grouped together based on their socioeconomic status, which includes factors such as income, occupation, education, and wealth. Different social classes exist within a society, and individuals within these classes share similar opportunities and experiences in terms of economic resources, power, and social standing.
Social class can have a significant impact on individuals' lives, including access to education, healthcare, employment opportunities, and overall quality of life. It often plays a role in determining social mobility and the distribution of resources and opportunities within a society.
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If a contract requires that a buyer must purchase all of its
needs for a particular product from one seller, the contract is a
____ contract. A. requirements B. tying C. price-discriminating
The correct answer is A. requirements contract.
A requirements contract is a type of contract in which the buyer agrees to purchase all of its needs for a particular product exclusively from one seller.
This type of contract establishes an obligation for the buyer to meet their entire demand or requirements for the specified product from the designated seller. It ensures a guaranteed volume of business for the seller and can provide stability and certainty in the supply chain.
Penetration pricing is a marketing strategy used by businesses to attract customers to a new product or service by offering a lower price during its initial offering. The lower price helps a new product or service penetrate the market and attract customers away from competitors. Market penetration pricing relies on the strategy of using low prices initially to make a wide number of customers aware of a new product.
The goal of a price penetration strategy is to entice customers to try a new product and build market share with the hope of keeping the new customers once prices rise back to normal levels.
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a company whose hr practices result in the greatest good for the largest amount of people, respect basic human rights, and treat employees and customer equitably and fairly has practices that are considered to be .
The practices of such a company with an HR that tries to get the greatest good for the largest amount of people are considered fair and equitable.
What are fair and equitable HR practices?These are the HR practices that are considered to be the leading standard of what Human Resource practices should be like.
These practices are set up such that they respect the rights of humans, treat employees fairly, and tries to result in the greatest good which means that the largest amount of people are catered for.
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Students will research using the internet what a typical day looks like for various types of workers (CEO, general and middle managers, custodians, etc.) in a business of their choice.
Students will develop a short presentation on their findings of how these different working groups are treated and respected and their responsibilities.
Be sure to relate it to the field of business and include requirements, if any, for the job.
The conclusion should include big takeaways from the student’s perspective of what they would change if they were in charge and how their perception has changed regarding the organization that they chose to research.
Answer:
For this presentation, I researched the typical day for various types of workers in a business and found interesting differences in how they are treated and respected in their respective positions.
First, let's look at CEOs. A typical day for a CEO can include attending board meetings, meeting with investors, setting company strategy, and representing the company in public events. CEOs are responsible for the overall success of the company and making important decisions that impact the entire organization. They are typically well-respected and compensated for their role.
Next, let's look at general and middle managers. These individuals are responsible for overseeing specific departments or teams within the organization. A typical day for a general or middle manager can include attending meetings with their team, reviewing performance metrics, and working with other managers to ensure the success of the organization. They are generally respected within their departments and have a good understanding of the day-to-day operations of the business.
Finally, let's look at custodians. A typical day for a custodian can include cleaning the office, restocking supplies, and ensuring the building is in good condition. While custodians may not have the same level of responsibility as CEOs or managers, they are still an important part of the organization and play a crucial role in maintaining a safe and clean work environment. Unfortunately, custodians are sometimes undervalued and may not receive the same level of respect as other positions in the organization.
In terms of job requirements, CEOs typically have extensive business experience and a strong track record of success. General and middle managers typically have a degree in business or a related field and experience in their specific industry. Custodians may not have any formal education requirements, but they should have good communication skills and be able to work independently.
In terms of big takeaways, it's clear that different positions within an organization require different levels of responsibility and expertise. However, it's important to remember that all positions are important and contribute to the overall success of the business. As a manager, I would strive to create a culture of respect and appreciation for all employees, regardless of their position. My perception of the importance of custodians has also changed, and I would ensure that they receive the respect and recognition they deserve for their important work.
Explanation:
Which situation most directly illustrates a possible outcome of a fiscal
policy?
A. New environmental regulations make drinking water in a city safer.
B. The government decides it is time to print a great deal of new
money
O C. Struggling farmers receive less assistance from the government.
O D. A company decides to expand its operations into several new
states
Answer:
C
Explanation:
The correct answer would be option C that says that the struggling farmers receive less assistance from the government as fiscal policies are associated with determining the expenses and taxation policies to the various sectors to regulate the direction of the economy.
There are two types of Fiscal Policy that are Expansionary and Contractionary.
Expansionary fiscal policy:
deals with an increase in spending and/ or relaxing in taxation by the government so that consumers in the economy get more money.Contractionary policy:
deals with reducing spending and/ or increasing taxation.In this case, farmers did not get assistance from the government due to reducing the amount of Federal money available for farming and farmers is an illustration of Contractionary fiscal policy.
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A travel agent needs to communicate with all
of the following EXCEPT which one when
planning out a trip for a client?
A. the client themself
B. the hotel registration
C. the flight attendant
D. the rental-car agency
Answer:
The flight attendant.
Explanation:
which of the following exempt organizations are required to file form 990 (return of organization exempt from income tax)?A. The 15th day of the third month following the end of the organization's accounting period.B. The 15th day of the fifth month following the end of the organization's accounting period.C. The last day of the month following the end of the organization's accounting period.D. The 15th day of the fourth month following the end of the organization's accounting period.
The following exempt organizations are required to file form 990 (return of organization exempt from income tax) is the 15th day of the fourth month following the end of the organization's accounting period (option D).
The following are the tax-exempt organizations that are required to file Form 990:
The organizations that are tax-exempt under Section 501(a) or 501(c) of the Internal Revenue Code. These include the following types of organizations: Charitable organizations, such as religious organizations, educational organizations, scientific organizations, and organizations that provide support to the poor, the sick, or the disadvantaged.
Civic organizations, such as organizations that promote social welfare or civil rights.Business leagues, chambers of commerce, and trade associations.Social clubs, such as organizations provide social or recreational activities for their members. Other organizations are exempt from federal income tax under Section 501(a) of the Internal Revenue Code.
The due date for filing Form 990 is the 15th day of the fifth month following the end of the organization's accounting period, with the exception of the following:
Private foundations must file Form 990-PF, which is due on the 15th day of the fifth month following the end of the organization's accounting period. The due date for filing Form 990-EZ is the 15th day of the fourth month following the end of the organization's accounting period. The correct option is D.
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Criteria
Total
LIFO Calculation
1.5%
FIFO Calculation
1.5%
Average Cost Calculation
1.5%
Inventory Question
.5%
Total
5%
You work for Global Tracking Inc. a company that sells a real-time tracking bracelet that tracks patients and nurses in different healthcare environments using GPS technology. designed for individuals who wish to monitor others’ whereabouts. There has been an increase in demand for the product has spiked during the current fiscal period, while supply is limited, causing the selling price to escalate rapidly. Note: For simplicity of demonstration, beginning inventory cost is assumed to be $21 per unit for all cost assumption methods.
The following is a chart of the inventory purchases in the last year
Assume that 300 units were sold in the fiscal year. Calculate the Cost of Goods Sold for the fiscal year for Global Tracking Inc. under the LIFO, FIFO and Average Cost inventory valuation methods. If the company wants to have a higher balance in the Inventory Account on the Balance Sheet which method should it use?
To calculate the Cost of Goods Sold (COGS) for the fiscal year under the LIFO, FIFO, and Average Cost inventory valuation methods, we need to consider the inventory purchases and the number of units sold.
Given:
Beginning inventory cost per unit: $21
Inventory purchases in the last year:
- Date 1: 200 units at $23 per unit
- Date 2: 400 units at $25 per unit
- Date 3: 500 units at $28 per unit
Number of units sold in the fiscal year: 300
1. LIFO Calculation:
Under the LIFO (Last-In, First-Out) method, the cost of the most recent inventory purchases is matched with the units sold first.
LIFO assumes that the most recent inventory is sold first, so the cost of the last purchase is used first.
COGS = Number of units sold * Cost of the most recent inventory purchase
COGS = 300 units * $28 per unit (the cost of the last purchase)
COGS = $8,400
2. FIFO Calculation:
Under the FIFO (First-In, First-Out) method, the cost of the earliest inventory purchases is matched with the units sold first.
FIFO assumes that the earliest inventory is sold first, so the cost of the first purchase is used first.
COGS = Number of units sold * Cost of the first inventory purchase
COGS = 300 units * $23 per unit (the cost of the first purchase)
COGS = $6,900
3. Average Cost Calculation:
Under the Average Cost method, the cost of all inventory purchases is averaged and used to determine the cost per unit.
Total cost of inventory purchases = (200 units * $23 per unit) + (400 units * $25 per unit) + (500 units * $28 per unit)
Total cost of inventory purchases = $4,600 + $10,000 + $14,000
Total cost of inventory purchases = $28,600
Average cost per unit = Total cost of inventory purchases / Total number of units purchased
Average cost per unit = $28,600 / (200 units + 400 units + 500 units)
Average cost per unit = $28,600 / 1,100 units
Average cost per unit ≈ $26
COGS = Number of units sold * Average cost per unit
COGS = 300 units * $26 per unit
COGS = $7,800
If the company wants to have a higher balance in the Inventory Account on the Balance Sheet, it should use the LIFO method. LIFO assumes that the most recent inventory is sold first, which means the older inventory remains in the inventory account at the lower cost, thereby keeping the value of the remaining inventory higher on the balance sheet.
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.Which of the following are COVERED by renters insurance?a. small alterations/additions you've made to your rental at your own expenseb. the building you live in , or other structures on the propertyc. personal belongingsd. additional living expenses due to "loss of use" (like paying for a hotel if you can't stay in your apartment)
Renters insurance is designed to provide financial protection to tenants in the event of unexpected losses or damages. The policy generally covers personal belongings such as furniture, clothing, electronics, and other items in case they are damaged or stolen.
Additionally, renters insurance can cover additional living expenses like hotel bills and meal expenses in the event of displacement due to a covered loss. However, renters insurance typically does not cover the building itself or other structures on the property.
It is important to note that renters insurance policies may vary by provider and location, so it is important to carefully review the terms and conditions of the policy to understand exactly what expenses are covered.
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assume that france and italy agree to remove all barriers to the trade of goods between them. however, the countries agree that each would be allowed to determine its own trade policies with regard to nonmembers. the economic integration between these countries is called a(n)
The economic integration between France and Italy is called a free trade area, as they have removed all barriers to trade in goods between them, but each country maintains its own trade policies towards non-members.
Economics is the study of how individuals, businesses, governments, and societies allocate resources to meet their needs and wants. It encompasses the production, distribution, and consumption of goods and services, as well as the behavior of markets, the role of institutions, and the impact of policy decisions on economic outcomes. The field of economics is divided into two main branches: microeconomics, which focuses on individual decision-making and the behavior of small economic units, and macroeconomics, which examines the behavior of the economy as a whole, including growth, inflation, and employment.
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The conditions of a credit card are as follows: annual interest rate of 55.4%, minimum payment of 8.97% and previous balance method (previous balance). Regina George has this type of credit card. At the beginning of the month, she had a balance of $63,360.4. She made a credit card payment on the 15th for $ 17,236 and made a purchase on the 22nd for $12,130 Assuming that Regina only paid the minimum amount each month, how much money would Regina pay in total if she paid this way? (answer in money, do not put the sign $, 2 decimal places)
New balance after minimum payment $42,190.94. She has to do the same for other months if she wants to know how much money she would pay in total if she paid only the minimum amount each month.
The credit card condition includes an annual interest rate of 55.4%, minimum payment of 8.97% and previous balance method (previous balance).
Regina George made a credit card payment on the 15th for $ 17,236 and made a purchase on the 22nd for $12,130. She started with a balance of $63,360.
$63,360.4 − $17,236
= $46,124.
Interest on the remaining balance = (55.4 ÷ 12) ÷ 100 × $46,124.4
= $225.36.
New balance including interest = $46,124.4 + $225.36
= $46,349.76
Minimum payment due = 8.97 ÷ 100 × $46,349.76
= $4,158.82
New balance after minimum payment = $46,349.76 − $4,158.82
= $42,190.94
The above calculation is done for one month. She has to do the same for other months if she wants to know how much money she would pay in total if she paid only the minimum amount each month.
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Imagine you have decided to buy a movie ticket for $15. Which of the
following best describes the opportunity cost of your decision?
The three types of gross private domestic investment include all final purchases of machinery, equipment and tools; all construction; and changes in business
The three types of gross private domestic investment include all final purchases of machinery, equipment, and tools; all construction; and changes in business inventories.
Private fixed investment and alternate in private inventories. it's far measured without a deduction for consumption of constant capital (CFC), consists of replacements and additions to the capital inventory, and excludes investment via U.S. citizens in other nations.
Gross private domestic investment includes the development of nonresidential systems, the production of equipment and software, non-public residential construction, and modifications in inventories.
Gross domestic private investment, as described in country-wide income accounts, could encompass the subsequent, except the government construction of recent highways and dams.
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Which group is a list of fixed expenses?
Car insurance, rent, student loan payments
Health insurance, pet needs, entertainment
Mortgage, household items, clothing
Public transportation costs, gifts, medical bills
Answer:
A. Car insurance, rent, student loan payments.
Explanation:
I took the test :)) <3
The group which is a list of fixed expenses is - Car insurance, rent, student loan payments. Thus, the first option is the correct answer.
What are fixed expenses?A fixed expense is one whose total amount does not change when an activity, such as sales or production, increases. The words within a relevant or reasonable range of activity are typically added to the definition because a change is likely to occur at extremely high or low volume.
Fixed expenses are paid on a regular basis, usually monthly. Some fixed costs are also referred to as "periodic fixed costs." These expenses are fixed and consistent, but they do not occur monthly, instead, they may occur quarterly or annually.
Thus, Car insurance, rent, student loan payments are examples of fixed expenses.
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En algunos países es obligatorio que los automóviles de determinado consumo sean aptos para surtirse de gasolina sin plomo..." ¿Qué secuencia de hechos viene inmediatamente después de ésta?
Explanation:
Como el plomo es altamente contaminante la union europea establecio algunas leyes para que no se siguiera permitiendo el uso de gasolina con plomo, pero tendria que hacersen algunos cambios en cuanto a la constitucion de algunos automoviles,y en sus catalizadores,pero todo ello depende de la gama del vehiculo,el modelo y el motor,,por lo tanto los vehiculos que se utilicen para determinado consumo deben cumplir con los requisitos previos para funcionar de acuerdo con la norma de gasolina sin plomo,pues de no acatar las normas establecidas,podrian ser sancionados.
Which term accurately describes Melanie, who was born in the United States and is currently working in Italy for a company headquartered in China
A third-country national serves as term that is utilized in description of Melanie, that is been given birth to, in the United States but Working in another country like China.
What is third-country national?
This serves as term to describe an individual that is doesn't belong to a citizen of a country such as United States but is is been assigned a duty.
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You're running a small firm, and you have an estimate of both your cost function and your demand curve. Your cost function is TC=852-13q+5q^2, while your inverse demand curve is P=1,228-0.4q, where P is the price of one unit of your output and q is the quantity of units produced and sold.
If you wanted to maximize revenue, what quantity would you produce? Please round your answer to the nearest whole number (i.e., no decimal places).
Given that the cost function of a small firm is TC=852-13q+5q² while its inverse demand curve is P=1228-0.4q, where P is the price of one unit of the output, and q is the number of units produced and sold.
The formula for revenue is revenue = price x quantity. Therefore, the formula for revenue is P(q) = (1228 - 0.4q)q or P(q) = 1228q - 0.4q².Substitute the cost function into the revenue function to get P(q) = 1228q - 0.4q² and TC = 852 - 13q + 5q².The formula for profit is profit = revenue - cost. Therefore, Profit = P(q) - TC.Substitute P(q) = 1228q - 0.4q² and TC = 852 - 13q + 5q² into the profit formula to get Profit = 1228q - 0.4q² - (852 - 13q + 5q²)Simplify the profit equation by combining like terms to get Profit = 8q² - 5q + 376.To maximize profits.
we will take the first derivative of the profit function and set it to zero. This is because the slope of the profit function will be zero at its maximum point.The derivative of the profit function is 16q - 5.To find the maximum point of the profit function, set the derivative equal to zero and solve for q.16q - 5 = 0 ⇒ 16q = 5 ⇒ q = 5/16 ≈ 0.3125 (rounded to 1 decimal place).Rounding the answer to the nearest whole number, the quantity to be produced is q = 0. Hence, the quantity to be produced is 0 units.
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According to fiedler’s contingency theory of leadership, leader behaviors are to change, and leaders perform best in intermediately favorable situations. True or false?.
According to fielder's contingency theory of leadership, leader behaviors are to change, and leaders perform best in intermediately favorable situations. False
What is fielder's contingency theory of leadership?According to Fiedler's Contingency Theory, a leader must adapt their style of leadership to the circumstances at hand in order to be successful. This model will help you discover your own leadership style, evaluate the scenario that calls for leadership, and decide if you are the best candidate.
What is the importance of Fiedler's contingency theory and path goal leadership?According to Fiedler's Contingency Theory, a leader's capacity to exert effective control over a circumstance is just as important as the style they employ. Strong leader-member relationships are essential for success. Additionally, task presentations must be made by leaders with goals and methods stated.
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whats the biggest risk in starting your own business
Answer:
Abandoning the steady paycheck. ...
Sacrificing personal capital. ...
Relying on cash flow. ...
Estimating popular interest. ...
Trusting a key employee. ...
Betting on a crucial deadline. ...
Donating personal time (and health).
Palmona Company establishes a $310 petty cash fund on January 1. On January 8, the fund shows $205 in cash along with receipts for
the following expenditures: postage, $43; transportation-in, $14; delivery expenses, $16; and miscellaneous expenses, $32. Palmona
uses the perpetual system in accounting for merchandise inventory.
1. Prepare the entry to establish the fund on January 1.
2. Prepare the entry to reimburse the fund on January 8 under two separate situations:
a. To reimburse the fund.
b. To reimburse the fund and increase it to $360. Hint. Make two entries.
The entry to establish the fund on January 1 is: Debit Petty Cash Fund 310, Credit Cash 310
How to prepare journal entry?1. Entry to establish the fund on January 1:
Debit Petty Cash Fund 310
Credit Cash 310
2a. Entry to reimburse the fund on January 8:
Debit Postage Expense 43
Debit Transportation-In Expense 14
Debit Delivery Expense 16
Debit Miscellaneous Expense 32
Credit Cash 105
2b.8-Jan
Debit Petty Cash $255
($360 - $105)
Credit Cash $255
(Being increment of petty cash recorded)
Therefore the entry is Debit Petty Cash Fund 310, Credit Cash 310.
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Which two are benefits of equity funding? (Choose two)
1. Loan payments are predictable; they do not change with the fortunes of the business.
2. Can be used to raise working capital.
3. Investors do not get paid if the business does not make a profit.
4. Loan payments can be set up so they match seasonal sales of the business.
5. Investors have no say in the management or direction of the business.
The benefits of equity funding are it can be used to raise working capital.
Investors do not get paid if the business does not make a profit. Option 2 and option 3 are appropriate response.
What is equity funding?
The practice of raising money through the selling of shares is known as equity funding. Companies raise money to pay expenses in the short term or because they have a long-term objective and need money to invest in their expansion.
A firm effectively sells ownership in their business when it sells equity shares in exchange for money. There are two methods of equity funding: the private placement of stock with investors and public stock offerings.
Equity funding is used when companies, have a short-term need for cash. It is used to raise working capital. It carries no repayment obligation, investors are only paid when the business is profitable.
Hence option 2 and option 3 are correct response.
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What is the effect of credit card interest on the real cost of items?
Answer:
Credit card interest rates, also known as finance charges, vary from one card issuer to another and may also vary across different credit cards from the same issuer. Before getting a credit card, you must be aware of the interest rate charged on it. Unlike other loans, credit card interest rates are usually not linked to the user’s credit score and repayment capacity. Every credit card has a preset finance charge and it will be the same for all the customers.
The most important point to note here is that interest is charged on credit cards only if you have not paid the outstanding amount in full or withdrawn cash from ATMs using the credit card. No interest is charged when you clear your credit card dues on time.
Do you feel that this country has made adequate progress in providing women with rights that are equal to that of men? Explain your answer.
Answer:
Yes.
Explanation:
There are so many opportunities for women to rise to the level of, if not surpass men. The 70 cents to the dollar thing is entirely false, and when accounting for the field and position, women typically make more than men. For single mothers, there is the WIC program (women, infants and children), but can you name a program that specifically supports single fathers? And, somewhat related sidenote, there is the whole "believe all women movement", (which in itself is sexist, but I yield) could you imagine if someone started saying "believe all men"? There is no way that would go over well.
in order to assess a company's financial risk, investors and creditors frequently consider and analyze the company's:
In order to assess a company's financial risk, investors and creditors frequently consider and analyze the company's long term debt.
Long-term debt ratio is one of the financial leverage ratios used to determine how much long-term debt is being utilized to finance a company's assets. The position of the company's financial position is shown by this ratio. Analysts can gauge the corporation's ability to pay off its long-term outstanding loans using this ratio. Since most businesses only release their balance sheet once per fiscal year, the long-term debt ratio is frequently estimated annually.
The ratio indicates how dependent the company is on debt if it tends to increase over the course of the year. On the other hand, a declining ratio indicates that the company's reliance on debt is decreasing over time.
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dr. jahrel has designed a study that uses surveys to collect data on students’ opinions regarding the use of drugs on campus. what responsibility does dr. jahrel have before he starts collecting data?
The responsibility that Dr. Jahrel owes before he starts collecting data is that he must ask the institute review board to review his research study before application, and also ensure that whatever he does must not impact the individuals such that they begin to use drugs.
The use of drugs in school or organizational campus can have a negative impact on everyone and this will also degrade the reputation of the place. Drugs are highly addictive opioids which can turn a person into feeling of euphoria and if this addiction continues, this might even affect their brain harshly and the individual might end up his life. Before starting any research related to use of drugs by students, the researcher must take due permission and consideration from the institute and once they get the NOC (No objection certificate), the research can be started. The researcher must not disclose the findings to the people/ students and also prevent any harmful consequences on the students.
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Can I earn by brainly?
Answer:
huh?
Explanation:
Lisa loves to draw and has a good eye for what is visually appealing. She wants a job where she can work independently, and possibly be self- employed. Which marketing position best matches her interests and career goals? A. Logistician B. Marketing research analyst O C. Sales representative D. Graphic designer
Answer:
D. Graphic designer
Explanation:
Graphic designers use visual arts such as images, words, and graphics to communicate with their audience. They may use hand or computer software to create captivating messages that inform, inspire, and attract customers' attention.
The objective of marketing is to make customers interested in the company's products. Graphic designers can use their talents to create charming visual arts to make customers want to buy a company's products. Graphic designers can be employed, but the majority work as independent contractors. Lisa has the skills to be a graphic designer. She can practice her talent as a self-employed individual.
Answer:
Graphic designer
Explanation:
I just did it
c. Mary needs to collaborate with her team on a project which requires each of the team members to be in different parts
of the United States. Which communication method would best fit this scenario? Describe the etiquette associated with
communicating in this method.
For a project that demands collaboration between team members indifferent parts of the United States, the best ideas method would be in essence communication finishes such as video conferencing, electronic mail, and instant messaging.
What is the communication method?Video conferencing admits for face-to-face communication and can help crew members feel more related and engaged in the project. It too allows for screen sharing and document cooperation, which maybe helpful for reviewing and refining project materials.
Therefore, Email and instant messaging are useful for quick and effective communication and maybe used to share documents and provide updates on the project progress.
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HELP WILL GIVE BRANLIEST Nicholas has heard that there is a big market for alpaca wool in his area. He plans to open a farm where he can raise alpaca, as well as harvest and sell their wool. List the skills that Nicholas would need to make a success of his farm and cite one way in which Nicholas could acquire those skills.
Answer:
In order to open his own alpaca farm, Nicholas should know how to run and maintain a farm, how to harvest their wool in a proper and professional manner, and how to sell the alpaca wool at its safest and cleanest state. Nicholas can learn how to do all these things by taking classes, reading books, seeing a person perform these tasks first hand, or searching online. He should also be practicing.
Explanation:
hope this helped
Nicholas needs to understand how to manage a farm, how to properly and expertly harvest the alpacas' wool, and how to sell the wool in its cleanest and safest condition in order to start his own alpaca farm. Nicholas can learn how to complete all of these jobs by attending classes, reading books, watching someone else do them in person, or through online research. He ought to be exercising as well.
What do you mean by alpaca farming?The main reason alpacas are bred is for their fibre. Although it is not a production that will make you rich overnight, there is potential to produce exceptional alpacas for sale through careful selected breeding programmes.
Profitable alpaca farming heavily relies on the breeding process. A pregnant woman can be bought for $20,000, and the baby can be sold to aspiring businessmen for $10,000. Female alpacas have a potential return of $157,000 if you count this as 15 productive years. Alpaca upkeep costs are rather minimal.
Therefore, Skills need to harvest alpaca wool farm are explained above.
Learn more about alpaca farming, here;
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What is a plan for how much to spend and how much to save of ones earnings called?
A. a wish list
B. a personal budget
C. a saving account
D. an investment portfolio