Courtney Kamauf schedules labor for the production of a popular Rustic Coffee Table at Kamauf Enterprises, Inc. The table requires a top, four legs, 1/4 gallon of stain, 1/8 gallon of glue, 2 short braces between the legs and 2 long braces between the legs, and a brass cap that goes on the bottom of each leg. Lead time is 1 day for each item. Schedule the order releases necessary to produce 648 coffee tables on days 5 and 6, and 112 on days 7 and 8. The labor standard for each top is 3 labor hours; each leg including brass cap installation requires 1/4 hour, as does each pair of braces. Base assembly requires 1 labor-hour, and final assembly requires 3 labor-hours. What is the total number of labor-hours required each day, and how many employees are needed each day at 8 hours per day?
Answers
To determine the total number of labor-hours required each day and the number of employees needed each day at 8 hours per day, we need to calculate the labor-hours required to produce the 648 coffee tables on days 5 and 6, and the 112 coffee tables on days 7 and 8.
First, let's calculate the total material requirements for one coffee table:
- Top: 1
- Legs: 4
- Stain: 1/4 gallon
- Glue: 1/8 gallon
- Short braces: 2
- Long braces: 2
- Brass caps: 4
To produce 648 coffee tables on days 5 and 6, we need to schedule the release of the material requirements for each component. Since the lead time is 1 day for each item, we need to release the orders accordingly. The following table shows the required release dates for each item:
| Item | Release Date |
|--------------|--------------|
| Top | Day 1 |
| Legs | Day 1 |
| Stain | Day 1 |
| Glue | Day 1 |
| Short braces | Day 2 |
| Long braces | Day 2 |
| Brass caps | Day 2 |
Using this schedule, we can determine the total material requirements for each component for the 648 coffee tables on days 5 and 6:
- Top: 648
- Legs: 2,592
- Stain: 162 gallons (1/4 gallon per table)
- Glue: 81 gallons (1/8 gallon per table)
- Short braces: 1,296
- Long braces: 1,296
- Brass caps: 5,184 (4 per table)
Next, let's calculate the total labor-hours required to produce the 648 coffee tables on days 5 and 6:
- Tops: 648 x 3 = 1,944 labor-hours
- Legs: 2,592 x 1/4 = 648 labor-hours
- Stain: N/A (no labor required)
- Glue: N/A (no labor required)
- Short braces: 1,296 x 1/4 = 324 labor-hours
- Long braces: 1,296 x 1/4 = 324 labor-hours
- Brass caps: 5,184 x 1/4 = 1,296 labor-hours
- Base assembly: 648 x 1 = 648 labor-hours
- Final assembly: 648 x 3 = 1,944 labor-hours
The total labor-hours required for the 648 coffee tables on days 5 and 6 is:
1,944 + 648 + 324 + 324 + 1,296 + 648 + 1,944 = 6,128 labor-hours
To produce 112 coffee tables on days 7 and 8, we need to schedule the release of the material requirements for each component according to the same lead time as before. The total material requirements for each component for the 112 coffee tables on days 7 and 8 are:
- Top: 112
- Legs: 448
- Stain: 28 gallons (1/4 gallon per table)
- Glue: 14 gallons (1/8 gallon per table)
- Short braces: 224
- Long braces: 224
- Brass caps: 896 (4 per table)
Next, let's calculate the total labor-hours required to produce the 112 coffee tables on days 7 and 8:
- Tops: 112 x 3 = 336 labor-hours
- Legs: 448 x
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Related Questions
Businesses use firewalls to protect their networks from internal threats.
O True
False
Answers
Correct on ED2022
3. A fine-dining restaurant has been making every- thing from scratch for the five years it has been open; it is the only operation in the area known for scratch- cooking. The management hires a new chef who does a make–buy analysis only to discover that she can get much better pricing on many of her products if she buys them premade. After a tasting comparison, she discovers that the premade products are of high quality and taste only slightly different from her own. Should she switch to the premade products? Would your answer be different if this decision took place when the restaurant first opened?
Answers
Answer:
No
Explanation:
The premade products could have been contaminated with any type of disease because she doesn't know what went inside whereas making it from scratch means she is able to monitor and remove and contaminated product.
:)
Andy, 68, has a gross estate currently valued at $2,500,000 that consists primarily of highly appreciated growth securities. Within the last six months, andy transferred $500,000 worth of these securities to his wife, harriet. His cost in these securities was $200,000. Harriet recently died. The fair market value of the transferred securities at the time of her death was $500,000. The securities passed to andy under the terms of harriet's will
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If his cost in these securities was $200,000 and the fair market value of the transferred securities at the time of her death was $500,000. The income tax implication of the transfer of stock is $200,000.
Transfer of stockSince we were told his cost in the securities was the amount of $200,000 which means that basis the Harriet that received from the lifetime gift from Andy will be the same basis as that of Andy.
The reason why the basis will be the same is because Harriet died and did not live for more than a year, which in turn means that property is a basis since the property does not qualify as a reverse gift. Hence the basis will be the amount of $200,000.
Therefore If his cost in these securities was $200,000 and the fair market value of the transferred securities at the time of her death was $500,000. The income tax implication of the transfer of stock is $200,000.
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The complete question is:
Andy, age 68, has a gross estate currently valued at $2,500,000 that consists primarily of highly appreciated growth securities. Within the last six months, Andy transferred $500,000 worth of these securities to his wife, Harriet. His cost in these securities was $200,000. Harriet recently died. The fair market value of the transferred securities at the time of her death was $500,000. The securities passed to Andy under the terms of Harriet's will.
Which one is an income tax implication of the transfer of stock?
Identify the relevant auditing standards (PCAOB, AICPA, and IAASB) relating to communicating with audit committees. Locate the standards on each organization’s website.
Compare the scope of communication intended in the PCAOB standard versus that of the harmonized AICPA/IAASB standards.
How do the AICPA/IAASB standards define "those charged with governance"?
The PCAOB standard notes that the prior auditing standard relating to this topic, AU 380 (1989), indicated that audit committee communications are incidental to the audit. The new PCAOB standard takes quite a different approach, articulating the critical importance of audit committee/auditor communication throughout the year, and certainly before the issuance of the audit report. Comment on why you think the profession has shifted its focus in this regard so significantly.
According to the PCAOB standard, what are the four objectives of the auditor in communicating with the audit committee?
Answers
The relevant auditing standards for communicating with audit committees are as follows:
PCAOB (Public Company Accounting Oversight Board):
PCAOB Standard No. 16, Communications with Audit Committees
The standard can be found on the PCAOB's website under "Standards."
AICPA (American Institute of Certified Public Accountants) and IAASB (International Auditing and Assurance Standards Board):
AICPA and IAASB have harmonized their standards on communicating with those charged with governance. The relevant standards are:
AICPA - AU-C Section 260, The Auditor's Communication with Those Charged with Governance
IAASB - ISA 260 (Revised), Communication with Those Charged with Governance
These standards can be found on the AICPA's and IAASB's websites under "Standards and Guidance."
The scope of communication intended in the PCAOB standard is more comprehensive compared to the harmonized AICPA/IAASB standards. The PCAOB standard emphasizes the importance of continuous communication with the audit committee throughout the year, including discussions about the audit plan, significant audit findings, and the auditor's independence. The AICPA/IAASB standards also cover similar topics but may have some differences in specific requirements.
The AICPA/IAASB standards define "those charged with governance" as the individuals or organizations with responsibility for overseeing the strategic direction of the entity and obligations related to the accountability and financial reporting process.
The shift in focus by the profession regarding audit committee/auditor communication can be attributed to several factors. These include a greater emphasis on corporate governance and accountability, increased regulatory scrutiny, and the recognition of the audit committee's vital role in ensuring effective financial reporting and audit quality.
According to the PCAOB standard, the four objectives of the auditor in communicating with the audit committee are:
To provide an overview of the overall audit strategy, including timing and significant risks.
To communicate significant audit findings, including any material weaknesses in internal control.
To discuss the auditor's evaluation of the entity's financial statements and significant accounting policies.
To address other matters required to be communicated by auditing standards, laws, or regulations.
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The pay-as-you-go model is ______. Multiple choice question. becoming increasingly niche gaining momentum difficult to apply outside its traditional functions dying out
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There are different strategies. The pay-as-you-go model is gaining momentum.
What is the pay as you go business model?The pay-as-you-go business model is known to be a model that helps consumers to make a kind of one-time purchase of a product or service without subscribing for a regular payment for that product.
This business model is seen and used in many firms, such as telecommunications, advertising, software-as-a-service and others.
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Examples of productivity in economics.
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Answer:
The value of output obtained with one unit of input is referred to as economic productivity. For example, if a worker produces two units at a cost of ten dollars each in an hour, his productivity is twenty dollars. :))))
Consider the following partially completed income statements for merchandising companies and compute the missing amounts under the Flynt Corp. table below the following Data Table:view the Income Statements:Data Table : Rustic Gear Flynt Corp.Sales $ 98,000 $(d)Cost of Goods Sold:Beginning Merchandise Inventory (a) 31,000Purchases and Freight In 50,000 (e)Cost of Goods Available for Sale (b) 91,000Ending Merchandise Inventory (2,200) (2,200)Cost of Goods Sold 63,000 (f)Gross Profit 35,000 114,000Selling and Administrative Expenses (c) 86,000Operating Income $10,000 $ (g)Rustic GearSales $98,000Cost of Goods Sold:Beginning Merchandise Inventory 15,200Purchases and Freight In 50,000Cost of Goods Available for Sale 65,200Ending Merchandise Inventory (2,200)Cost of Goods Sold 63,000Gross Profit 35,000Selling and Administrative Expenses 25,000Operating Income $10,000Flynt Corp.__?___$31,000__?___91,000(2,200)114,00086,000__?____
Answers
Answer:
e.60,000
f. 88,800
d. 202,800
g. Operating income 28,000
Explanation:
Calculation for the missing amounts for Flynt Corp.
e. Computaion for Purchases & freight-in
Using this formula
Purchases & freight-in= Cost of Goods Available for Sale - Beginning Merchandise Inventory
Let plug in the formula
Purchases & freight= 91,000 - 31,000
Purchases & freight= $ 60,000
f. Computation for Cost of goods sold
Using this formula
Cost of goods sold = Cost of Goods Available for Sale - Ending Merchandise Inventory
Let plug in the formula
Cost of goods sold= 91,000 - 2,200
Cost of goods sold= 88,800
d. Computation for Sales
Using this formula
Sales = Gross profit + Cost of goods sold
Let plug in the formula
Sales= 114 000 + 88,800
Sales= 202,800
g. Computation for Operating income
Using this formula
Operating income = Gross profit - Selling and Administrative Expenses
Let plug in the formula
Operating income= 114,000 - 86,000
Operating income= 28,000
Preparation for the Income statement for Flynt Corp.
Flynt INCOME STATEMENT
Sales 202,800 (i)
Cost of good sold :
Beginning Merchandise Inventory 31,000
Purchases and Freight In 60,000
Total Cost of goods available for sale 91,000
(60,000+31,000)
Less Ending Merchandise Inventory 2,200
Cost of goods sold 88,800 (ii)
(91,000-2,200)
Gross profit 114,000
(202,800 - 88,800)
Less Selling & Administrative expenses 86,000
OPERATING INCOME $28,000
A wheel's braking ability depends most on
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What is the difference between revenue and profit?
Answers
Answer:
Revenue is the total amount generated by the sales of goods or by services related to company's primary operations. However, profit is the amount of income left after accounting for all expenses, debts and etc.
One way by which firms differentiate their products is to try to anticipate changes in consumer tastes and adapt their products to fit those changed tastes. True or False
Answers
The statement is "True." One way by which firms differentiate their products is to try to anticipate changes in consumer tastes and adapt their products to fit those changed tastes.
What is differentiation, Product differentiation is a marketing technique that allows companies to distinguish their products from competitors' products by highlighting unique features, benefits, or pricing.
A product can be differentiated from others in many ways, including through quality, design, function, or packaging.
Differentiation in terms of adaptability Differentiation of products by adaptability refers to firms making changes in their products and services to satisfy the changing consumer requirements. This differentiation strategy focuses on satisfying customer needs by modifying existing products or creating new ones to meet customer needs.
In conclusion, by anticipating changes in consumer tastes, firms can differentiate their products by adapting their products to fit those changed tastes.
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Joel and maria have a son named david who is a 20-year old student at the university of southern california. david received $1300 worth of investment income in 2020 and had earned income $1700 but that was far less than half of the support he received from his parents. both joel and maria are still alive. based on this information what can be said about the tax liability in california?
Answers
David had earned payment and must pay California taxes on his investment and earned income he received.
Tax liability in CaliforniaTax liability is the full amount of tax owed in a delivered period, by people and organizations, to federal, state, and local administrations. For companies, tax liabilities are short-term liabilities registered on a balance sheet and paid within a year.
California holds nine tax brackets: 1%, 2%, 4%, 6%, 8%, 9.3%, 10.3%, 11.3% and 12.3%. Here are the rates and stands for the 2021 tax year, which you'll file in 2022, via the California Franchise Tax Board. The ordinary deduction in California is $4,803 for single filers and $9,606 for married families.
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Read the statements below. If the statement describes an appropriate use of e-mail select A. If the statement describes an inappropriate use of e-mail, select I.
A—Appropriate
I—Inappropriate
__ Courtney sent her expense report to her supervisor in an attachment.
__ George forwarded a chain letter asking for support for a local charity.
__ Fin sent a brief message to his friend about tonight's plans.
__ Sheila denied receiving an e-mail asking her to write a report.
__ Tori scheduled a meeting with her co-worker.
Answers
Answer:
I and A
Explanation:
Courtney sent her expense report to her supervisor in an attachment -- A,George forwarded a chain letter asking for support for a local charity. -- I.Fin sent a brief message to his friend about tonight's plans. -- I.Sheila denied receiving an e-mail asking her to write a report. -- I.Tori scheduled a meeting with her co-worker. -- AWhat is fiscal policy and what are the three goals of fiscal policy?
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Answer:
Fiscal policy is the use of public expenditure and taxation to affect the economy, particularly macroeconomic conditions. These include employment, inflation, economic expansion, and the total demand for goods and services.
The three goals of fiscal policy are :
to achieve or maintain full employment a high rate of economic growth, and price and wage stabilization.Explanation:
Fiscal policy may be of two kinds : Expansionary fiscal policy: Here, the tax rates are lowered or spending is increased to boost the overall demand and promote economic growth. The rationale behind this strategy is that when people pay less in taxes, they have more money to invest or spend, which increases demand. Because of this demand, businesses increase hiring, which lowers the unemployment rate and intensifies the labor market. As a result, salaries will rise and consumers will have more money to spend and invest. It's a positive feedback loop or cycle.Contractionary fiscal policy: Here, the rates are raised or spending is reduced to stop or lower inflation. To do this, the government raises taxes, cuts spending, and eliminates employment or lowers wages in the public sector.To know more about fiscal policy, visit :
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Answer: "Fiscal policy refers to the use of government spending and tax policies to influence economic conditions, especially macroeconomic conditions. These include aggregate demand for goods and services, employment, inflation, and economic growth."
Explanation:
The three goals of fiscal policy are:
Inflation rate: it refers to the rise in cost of goods and service and decrease in purchasing power. For example, if the rate of inflation is 5%, than your $5.00 morning cup of coffee will cost you $5.25 in a year. In most countries, central banks try to maintain an inflation rate of not more than 3%.Full employment: means low unemployment rate.GDP: Gross Domestic Product (GDP) needs to be at increasing rate.https://brainly.com/question/13982103?referrer=searchResults
According to Jeffrey Harper, why is market research important?
A Without research data to base decisions on, marketers are just guessing
B By researching, people know marketers care about them
C Data generated by research can be sold to make extra money
D Research is fun, easy and cheap so even if nothing is learned, the experience is good
Answers
Answer: The correct answer is A i.e. Without research data to base decisions on , marketers are just guessing .
Explanation: Market research involves gathering data to learn more about target demographics and consumers so a business can market itself more effectively and, ultimately, succeed in the market.
Harper is an assistant professor of practice in the area of marketing & supply chain. According to him research plays a very important role , without doing proper or required research marketers are just assuming which might prove to be very dangerous in future .
during december, vixen company sells $863,000 in merchandise that has a one-year warranty. warranty expense is estimated at 3% of sales. on january 5 of the following year, the merchandise requires repairs that are completed the same day. the repairs cost $15,300 for materials taken from parts inventory. the entry to record the repairs that occur on january 5 is:
Answers
The entry to record the repairs that occur on January 5 is Debit warrant expense $25,500, Credit estimated warranty liability $25,500.
Warranty Liability is a liability account that records the amount of repair or replacement costs a company expects to pay for products already shipped or services already rendered.
When a guarantee liability is calculated for a specific period, this amount is recorded as a liability in the balance sheet and as an expense in the general ledger. Over time, the amount actually spent paying the security deposit will be deducted from the liability amount rather than appearing as a new expense.
If the product is damaged or defective, the company that provides the full warranty must repair or replace it within a reasonable time. A limited warranty works similarly, but with more restrictions.
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Which of the following accounts would normally have a credit balance and appear in the balance sheet?
A. Dividends.
B. Salary expense.
C. Revenue.
D. Uneamed revenue.
E. Accounts receivable.
Answers
The account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.
The following information is relevant:
The dividend contains the normal debit balance and the same is to be shown under the stockholder equity statement.The salary expense is to be shown under the income statement and contains a normal debit balance.The revenue is to be shown under the income statement & contains a normal credit balance.Unearned revenue is a liability account and contains a normal credit balance. Also, it is to be shown under the balance sheet.The account receivable is an asset account & it contains a normal debit balance. Also, it is to be shown under the balance sheet.Therefore we can conclude that the account that contains a normal credit balance & the same appears in the balance sheet is unearned revenue.
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valdivo inc. is a manufacturing firm that specializes in sports-related equipment. valdivo has taken the initiative to enhance employee relations and improve the manufacturing process. which element of excellence does valdivo’s initiative exemplify?
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The element of excellence does Valdivo’s initiative exemplify is operational element. It is because Valdivo has taken the initiative to enhance employee relations and improve the manufacturing process.
Operational element are including 3 main points, such as inputs, transformation processes, and outputs. Operations management also known as operational element involves the systematic direction and control of the processes that transform resources (inputs) into finished goods or services for customers or clients (outputs). There are several function of operational element or operational management, such as planning, scheduling, inventory control, purchasing, controlling, and quality control.
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Why was agricultural sector declared as critical industry and exempt from the hardest lockdown regulations
Answers
Answer:
Kindly check explanation
Explanation:
Food production and consumption is critical and key to survival, no matter an established and generally accepted number of daily square meal of 3 is widely adopted. This gives a clue tgta, no matter a country's problem or issues they face, aspects which concerns food and generally agriculture would be treated preferentially. Following the outbreak and severe spread of the deadly virus, it became imperative that affected nations introduced critical measures to try and curtail its spread, stringent measures include ; restriction of movement, strict emphasis on social distancing, hence, the need to reduce the number of people on a particular site or work area, travel restrictions, among others. This restrictions had s here effect on the agriculture and the food supply chain and its effect was quickly very noticeable as people would eventually die of hunger if nothing was done. This prompted government to introduce exemptions and preference afforded to the agricultural sector ; such as keppibg trade channels open in other to facilitate food distribution, timely observation and monitoring of food crisis among others.
Which best describes interest?
a. Interest is another word for the cash and rewards you get from using certain credit cards.
b. Interest is a method by which you can compare the cost of comparable purchases.
c. Interest is the cost associated with using credit and it ultimately makes any purchase made using credit more expensive than the same purchase made with
cash
d. Interest is the fee associated with using more credit than the limit on your credit card.
Answers
Answer:
c. Interest is the cost associated with using credit and it ultimately makes any purchase made using credit more expensive than the same purchase made with cash.
Explanation:
Interest is the cost of borrowing money. It is the added amount paid over and above the principal amount. Goods and services purchase on credit will end up costing more than when bought cash.
Interest also represents the risk of lending money. Lenders make money by charging interest on credit extended. It means borrowers pay more than the amount borrowed.
Interest is expressed as a percentage. The higher the percentage, the more expensive is the credit facility.
1.
In 2016, a market had sales of £350.000. In 2017, the market grew by 5%.
Calculate the new market size in sales value.
Answers
Answer:
The new market size in sales value is 367,500
Explanation:
Answer:
£367,500
Explanation:
the market was £350,000 in 2016.
in 2017, the market grew by 5%.
the new market size will 5% more than 2016.
if 2016 was 100%, 2017 will be 105%
2017 = 105% x £350,000
=105/100 x £350,000
=1.05 x £350,000
=£367,500
Using this table, determine whether it is more cost-effective to go to Nantes first or to go to Toulouse first, and how much cheaper doing so is than the alternative. a. Going to Toulouse first is €3 cheaper than going to Nantes first. b. Going to Toulouse first is €2 cheaper than going to Nantes first. c. Going to Nantes first is €3 cheaper than going to Toulouse first. d. Going to Nantes first is €2 cheaper than going to Toulouse first.
Answers
To determine which route is more cost-effective, we need to compare the costs of traveling to Nantes first and traveling to Toulouse first. We need to consider factors such as transportation costs, accommodation costs, and other expenses that may vary depending on the order of travel.
Once we have determined the costs of both options, we can compare them to see which one is cheaper. If going to Toulouse first is cheaper, we can calculate the difference in cost between the two options to determine how much cheaper it is.
Similarly, if going to Nantes first is cheaper, we can calculate the difference in cost between the two options to determine how much cheaper it is.
In summary, to determine which route is more cost-effective and how much cheaper it is, we need to compare the costs of traveling to Nantes first and Toulouse first and calculate the difference between the two options.
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Your company currently has $1,000 par, 7% coupon bonds with 10 years to maturity and a price of $1,080. If you want to issue new 10-year coupon bonds at par, what coupon rate do you need to set? Assume that for both bonds, the next coupon payment is due in exactly six months. You need to set a coupon rate of ___________%.
Answers
Assume that for both bonds, the next coupon payment is due in exactly six months. You need to set a coupon rate of 7 percent
How to determine the coupon rateIn this case, we know that the existing bonds have a face value (par) of $1,000, a coupon rate of 7%, and are currently priced at $1,080. The bonds have a remaining time to maturity of 10 years.
To calculate the YTM for the existing bonds, we can set up the equation:
$1,080 = (Coupon Payment / 2) / (1 + YTM/2) + (Coupon Payment / 2) / (1 + YTM/2)^2 + ... + (Coupon Payment / 2) / (1 + YTM/2)^20 + $1,000 / (1 + YTM/2)^20
Where:
Coupon Payment = $1,000 * 7% = $70 (annual coupon payment)
YTM = Yield to Maturity (unknown)
Since the coupon payments are semi-annual, we divide the coupon payment by 2, and the YTM is divided by 2 in the formula.
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Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
Answers
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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As a branch of study economics is said to be central to national planning discuss
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Economics teaches you how to think more critically and influence judgments in order to get the best possible conclusion.
Economics has a part in our daily lives. Understanding previous, future, and current models allows us to apply them to society, governments, enterprises, and people.
Economics Assistance gives numerous examples about when economics is used, such as coping with manufactured goods shortages, establishing how prosperity is divided and redistributed throughout society, and evaluating the amount to which the government must engage in the economy utilizing concepts and measurements.
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Supporters of free trade argue that it creates which economic benefit?
O A. Helping the environment by reducing emissions from shipping
B. Helping consumers by lowering the cost of goods and services
C. Protecting workers by enforcing international labor regulations
D. Promoting independence by reducing reliance on foreign goods
Answers
Answer:
B. Helping consumers by lowering the cost of goods and services
Explanation:
In a free-market economy, the private sector owns the factors of production. Entrepreneurs have the freedom to choose the type of business they want to run. Production is not limited to specific firms. Businesses are motivated by profits.
Many buyers and sellers characterize free-market economies. There is increased competition among sellers. The competition makes suppliers innovate to improve the quality of the goods and services they offer to customers. Due to competition, customers get quality products and competitive prices.
Answer:
B. Helping consumers by lowering the cost of goods and services
Explanation:
just got it right!
the insured has incurred extraordinary expenses with the use of a public adjuster and seeks compensation for those expenses in their crime claim. will the crime policy form pay for those expenses?
Answers
No, the crime policy form will not pay for those expenses incurred by the insured for the use of a public adjuster.
The coverage provided by a crime insurance policy typically focuses on financial losses resulting from specified criminal activities such as theft, embezzlement, forgery, or fraud. Expenses incurred with the use of a public adjuster, while potentially beneficial for navigating the claims process, may not be covered under a standard crime policy.
Crime policies typically have specific coverage limits and exclusions, and they are designed to reimburse the insured for direct financial losses caused by criminal acts. Expenses related to hiring a public adjuster are typically considered indirect expenses and may not fall within the scope of coverage provided by a crime policy.
To determine if the crime policy will pay for the expenses incurred with a public adjuster, it is essential to carefully review the terms and conditions of the policy. It is recommended to consult the insurance policy contract, speak with the insurance provider or agent, or seek legal advice to understand the specific coverage and exclusions applicable to the situation.
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The portion of the obama stimulus package that provided unemployment benefits for longer than the usual 26 weeks is best thought of as?
Answers
The portion of the obama stimulus package that provided unemployment benefits for longer than the usual 26 weeks is best thought of as non-discretionary fiscal policy
What is Fiscal policy?
Fiscal policy is the use of taxes and government spending to control the economic activity of a country. Such intent is explicitly stated in the Employment Act of 1946 and restated in the Humphrey-Hawkins Act of 1978.
What is Nondiscretionary fiscal policy ?
Nondiscretionary fiscal policy consists of policies that are built into the system so that an expansionary or contractionary stimulus can be given automatically. Unemployment insurance, the progressive income tax, and welfare serve as the built-in policies.
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Tom and Suri decide to take a worldwide cruise. To do so, they need to save $29,000. They plan to invest $3,900 at the end of e year for the next six years to earn 9% compounded annually. Required: 1-a. Calculate the future value of the investment. (FV of \$1. PV of \$1, FVA of \$1, and PVA of \$1) 1.b. Will Tom and Suri reach their goal of $29,000 in six years? Complete this question by entering your answers in the tabs below. Calculate the future value of the investment. (Use tables, Excel, or a financial calculator: Round your haswer to 2 decimal. places.) Tom and Suri decide to take a worldwide cruise. To do so, they need to save $29,000. They plan to invest $3,900 at the end of each year for the next six years to earn 9% compounded annually. Required: 1-a. Calculate the future value of the investment. (FV of \$1. PV of \$1. FVA of \$1, and PVA of \$1) 1-b. Will Tom and Suri reach their goal of $29,000 in six years? Complete this question by entering your answers in the tabs below. Will Tom and 5 uri reach their goal of $29,000 in six years?
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Future Value of the investment: Future value can be defined as the value of an asset or cash at a specified date in the future that is equal to the original amount invested plus the interest it has earned.
Future value (FV) calculations are a way of determining how much an investment will be worth in the future, based on the investment’s current value, the rate of interest, and the time period for which the investment is held. Future value is used in many areas of finance, including corporate finance, personal finance, and investment management.
The formula for future value is:
FV = PV x (1 + i)n
Where: FV = future value
PV = present value
i = interest rate
n = number of compounding periods
Let's start the calculation: FV = PMT x [((1 + i)n - 1) / i] + PV
Where:PMT = $3,900
i = 9% (0.09)N = 6 years
PV = $0FV = $30,272.81 (Approx)
As per the calculation, the future value of the investment is $30,272.81 which is greater than $29,000.
Therefore, Tom and Suri will achieve their goal of $29,000 in six years.
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which of the promotion methods is the most precise?
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If the cross-price elasticity of two goods is negative, then the two goods are a. inferior goods. b. normal goods. c. complements. d. necessities.
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We determine whether goods are complements or substitutes based on cross price elasticity - if the cross price elasticity is positive the goods are substitutes, and if the cross price elasticity is negative the goods are complements. Option C is correct. This is further explained below.
What is elasticity?Generally, The concept of elasticity is used in economics to describe the degree to which one economic variable shifts in reaction to changes in another economic variable.
In conclusion, By examining the cross-price elasticity between two sets of products, we may tell if they are complementary or substitutable. If the cross-price elasticity is positive, the items are substitutes, and if it is negative, the goods are complements.
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