Isabel would spend $200 per week on groceries for her family if she did not use coupons. Her coupons save her 10 percent of that amount. She puts the amount saved into her savings account. How much will she have in her savings account at the end of the first year
Answers
The amount she would have in her savings account is $20.
A coupon reduces the purchase price of an item. So, the amount Isabel would pay for the groceries is reduced by the value of the coupon. The amount of savings Isabel would have in her account is a function of the amount her coupons saves her.
Amount Isabel would save if she uses the coupon = amount she spent x discount
$200 x 10%
$200 x 0.1 = $20
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Related Questions
What is the difference between goods and services?
A. Goods are usually sold, while services are usually leased.
B. Goods are governed by contracts, while services are not.
C. Goods cannot transfer between parties, while services can.
D. Goods are physical objects, while services are actions.
SUBMIT
Answers
Answer: ALL OF THESE
Explanation:
The difference between goods and services is mainly based on their appearance and ownership. Goods are physical objects that can be seen, touched, and transferred from one person to another. Services are activities that are not physical, not visible, and not transferrable. Goods and services are both important to satisfy our needs and wants.
internal link --- Goods and services
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At what point in time must an insured meet the coinsurance requirement in a property insurance policy in order to avoid having to pay a portion of the loss
Answers
The coinsurance requirement in a property insurance policy requires the insured to carry a certain percentage of the property's value as insurance coverage.
Typically, this percentage is set at 80%. If the insured does not meet this requirement, they may be considered underinsured and could be responsible for paying a portion of the loss. It is important to note that the coinsurance requirement is not a one-time event but rather an ongoing obligation throughout the policy period. This means that the insured must maintain the required coverage throughout the entire term of the policy, not just at the time of a loss. If the insured fails to maintain the required coverage, they could be penalized in the event of a claim. Therefore, in order to avoid having to pay a portion of the loss, the insured must ensure that they maintain the required coinsurance coverage throughout the policy period. If the insured is unsure whether they are meeting the coinsurance requirement, they should review their policy documents or speak with their insurance agent to confirm their coverage amounts.
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Question #1
Multiple Choice
What is it called when a small number of companies control more than 40 percent of a market?
O monopoly
O oligopoly
O competitive market
duopoly
Question # 2
Fill in the Blank
Answers
Answer:
Oligopoly.
Explanation:
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
1. Mutual interdependence between the firms.
2. Market control by many small firms.
3. Difficult entry to new firms.
According to the concentration ratio, when a small number of companies control more than 40 percent of a market, it is called an oligopoly.
On 1 March 2018 Sanjeev, who is a sole proprietor, had $600 cash on hand and an overdraft of $400 at the bank. Sanjeev reported the following transactions for the month of March 2018.
2018
Mar 1 - Cash receipt - For sale of old surveillance equipment, $1 800.
5 - Invoice - Received from DD Ltd an invoice showing the value of goods bought for resale at $7 500 less 25% trade discount.
9 - Cash voucher - Sanjeev withdrew $200 for his private use.
13 - Invoice - Sent an invoice to Layby Stores for goods for resale, $2 250 less 20% trade discount.
14 - Credit note - Received a credit note from DD Ltd for good which were delivered, but not according to the requirements of the order, and which showed a value of $800 less 25% trade discount.
16 - Cash register totals report - End of day cash sales report totalled $3 680.
19 - Credit note - Sent a credit note to Layby Stores for goods damaged in transit, $200 less 20% trade discount.
23 - Paying in slip counterfoil - Banked $5 000 of the cash on hand.
26 - Cheque stub - For payment to Jeff's Air-Con Inc. in settlement of an account of $7 500, less a 5% cash discount.
30 - Paying in slip counterfoil - For cheque received from Layby Stores in settlement of their account to date, less a cash discount of $150.
Using the form provided on page 5, record the transactions relevant to a three column
Cash Book. Total and balance the Cash Book as at 31 March 2018.
Answers
The cash book balance as of March 31, 2018, would be $10,930.
In March 2018, the following transactions were recorded in the Cash Book:
On March 1, Sanjeev received $1,800 in cash from the sale of old surveillance equipment.
On March 9, Sanjeev withdrew $200 in cash for personal use.
On March 16, the cash register totals report indicated that the end-of-day cash sales amounted to $3,680.
On March 23, Sanjeev deposited $5,000 of the cash on hand into the bank, using a paying-in slip counterfoil.
On March 30, Sanjeev received a cheque from Layby Stores as settlement of their account to date, which included a cash discount of $150. This transaction was also recorded using a paying-in slip counterfoil.
The total cash book balance as of March 31, 2018, would be calculated by adding the cash receipts and subtracting the cash withdrawals and payments. Considering the above transactions, the cash book balance as of March 31, 2018, would be $10,930.
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an example of a capital good is ____________.
Answers
Answer: Vehicle(s)
Explanation: Capital goods are all man-made, if they aren't naturally occurring it is often that they are a capital good
The point at which supply equals demand is called
Answers
………..,.,,.,……..,.,.,,
Answer:
equilibrium
Explanation:
When should a person proceed with a
choice in terms of marginal benefits
and cost?
O when the market is high
O when there is no difference
O when the benefits outweigh the
cost
Answers
Answer:
when the difference outweighs the cost
When it is time for Margaret to provide performance appraisals, she organizes her subordinates in a list from best employee to worst employee. Which method does Margaret most likely use
Answers
Answer:
Ranking method
Explanation:
Ranking method for performance appraisal is the oldest, and it involves the use of rankings in evaluating the performance of employees. Employees are usually organized depending on their worth; they are ranked in different categories from the highest performance to the lowest performance or from the best employee to the worst employee. This type of method compares between employees.
Linda just got approved on an ARM mortgage. What is true?
O Her taxes will be reduced.
O She has a secured loan.
O Her interest will be fixed.
O She cannot make a down payment.
Answers
Answer:
\(\fbox {She has a secured loan.}\)
Explanation:
We know from basics that by a mortgage, we understand that we put our asset down as a collateral so we can take a loan and this asset will be under the lender's control until repayment.
An ARM mortgage means that the interest rate can be gradually changed based on performance benchmarks, such as a change in it every 6 months.
Hence, by this, we can understand that the loan is secure.
does the disregarded entity have total income derived from orattributable to california that is less than the llc's total income from all sources?
Answers
Yes, it is possible that the disregarded entity may have total income derived from or attributable to California that is less than the LLC's total income from all sources. This is because the disregarded entity's income specific to California might be lower than the combined income of the LLC from various sources, which may include income from other states or countries.
A disregarded entity is a type of business entity for tax purposes, where the entity is not recognized as separate from its owner. Instead, the owner reports the entity's income and expenses on their individual tax return.
If the disregarded entity has operations or sources of income in California, then it may have total income derived from or attributable to California. The LLC's total income from all sources would include all income generated by the LLC, whether it is from California or other locations.
So, it is possible that the disregarded entity has total income derived from or attributable to California that is less than the LLC's total income from all sources. However, this would depend on the specific circumstances of each entity's operations and income sources.
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In any market, the idea or goal is to buy the stock, bond, or commodity while it is _________ and then sell it when it's value is ______
Answers
In any market, the idea or goal is to buy the stock, bond, or commodity while it is undervalued and then sell it when its value is overvalued.
In any market, the objective is to buy assets when they are undervalued and sell them when they are overvalued.
This strategy allows investors to capitalize on the price discrepancies and earn profits. By identifying assets that are priced below their intrinsic value or have the potential for future growth, investors can acquire them at a favorable price.
As the market recognizes the true value of these assets, their prices rise, providing an opportunity for investors to sell and realize their gains. This buy low, sell high approach is a fundamental principle in investing and aims to maximize returns by taking advantage of market inefficiencies.
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Because of the slope(s) of the ___ we can say that a decrease in the price level leads to a higher level of real GDP demanded A. short-run aggregate supply curve B. aggregate demand curve C short-run and long-run aggrogato supply curves D long-run aggregate supply curve
Answers
The correct answer is B, the aggregate demand curve. The slope of the aggregate demand curve represents the relationship between the price level and the quantity of real GDP demanded.
When the price level decreases, the quantity of real GDP demanded increases due to a decrease in the cost of production, which allows firms to increase their output and stimulate demand. This relationship is known as the wealth effect, where consumers feel wealthier as their purchasing power increases, and the interest rate effect, where lower prices lead to lower interest rates, which stimulates investment and consumption. Therefore, a decrease in the price level leads to a higher level of real GDP demanded, which is reflected by the downward slope of the aggregate demand curve.
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With time, which one of the following strategies would most likely result in an outward shift in the production possibilities curve of an economy?a. passage of legislation reducing the workweek to 30 hoursb. an increase in the marginal income tax rate, which would reduce the work effort of individualsc. instituting a tax policy encouraging investment at the expense of consumptiond. instituting a tax policy encouraging consumption at the expense of investment
Answers
Establishing a tax structure which it encourages investments above consumption.
What is a simple definition of economy?A community's resource allocation is ultimately determined by a collection of connected processes of production and consumption collectively referred to as an economy. The production and consumption of goods and services as a whole satisfy the needs of the people who reside there and conduct business there.
What is economy and its types?A system of production and exchange of products is called an economy. A state will fail if its economy is unsustainable. Market economy, authoritarian, and mixed economies are the three primary types of economies.
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Say that your broker charges you a commission of $1,340.75 for your purchase of 258 shares of stock in Ergar Appliances. If Ergar Appliances has a list price of $73.96 and pays a dividend of $11.45 per share, what is your annual yield?
a.
0.1548
b.
0.1446
c.
0.1924
d.
0.0691
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
B. 0.1446
Explanation:
Yield refers to the benefits or earnings realized from an investment over a particular period.
Calculation of yield considers the profits made and the amounts invested.
The amount invested in this case
The commission =$1,340.75
Costs of the shares = 258 x $73.96 =$19,081. 68
Total cost of investment
= $19,081. 68 + $1,340.75
= $20,422.43
The gain realized = $11.45 x 258
=$2,954.1
Annual yield= =$2,954.1/$20,422.43
=0.144649
=0.1446
Answer:YOUR ANSWER IS B ON EGDE YOU GOT THIS
B. 0.1446
Explanation:
Yield refers to the benefits or earnings realized from an investment over a particular period.
Calculation of yield considers the profits made and the amounts invested.
The amount invested in this case
The commission =$1,340.75
Costs of the shares = 258 x $73.96 =$19,081. 68
Total cost of investment
= $19,081. 68 + $1,340.75
= $20,422.43
The gain realized = $11.45 x 258
=$2,954.1
Annual yield= =$2,954.1/$20,422.43
=0.144649
=0.1446
Explanation:
Products sold on alibaba's website to foreign countries may be subject to taxes, or _____.
Answers
Products sold on Alibaba's website to foreign countries may be subject to taxes, or tariffs
This is further explained below.
What are Tariffs?Generally, Alibaba Group Holding Limited, more often referred to simply as Alibaba, is a Chinese multinational technology business that specializes in e-commerce, retail, the Internet, and technology.
Alibaba is under the umbrella of Alibaba Group.
Tariffs offer a pricing advantage to locally produced items over comparable goods that are imported, and they generate income for governments.
Tariffs give locally produced goods an edge over identical goods that are imported. One of the outcomes of the Uruguay Round was the pledges made by nations to lower their tariffs and to "bind" their customs duty rates to levels that are difficult to increase.
In conclusion, Products that are purchased through Alibaba's website and sent to countries outside of China may be subject to taxes or customs.
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complete question
Products sold on Alibaba's website to foreign countries may be subject to taxes, or _____.
a. currency devaluation.
b. trade deficits.
c. tariffs.
d. bills of lading.
globex corp. is an all-equity firm, and it has a beta of 1. it is considering changing its capital structure to 65% equity and 35% debt. the firm’s cost of debt will be 10%, and it will face a tax rate of 25%. what will globex corp.’s beta be if it decides to make this change in its capital structure?
Answers
If Globex Corp. changes its capital structure to 65% equity and 35% debt, its beta will change to a new value of beta.
To calculate the new beta, we can use the formula:
New Beta = (Equity Portion * Current Beta) + (Debt Portion * Beta of Debt * (1 - Tax Rate))
Given that Globex Corp. is currently an all-equity firm with a beta of 1, the current beta is 1. The new capital structure will be 65% equity and 35% debt.
Substituting the given values into the formula, we have:
New Beta = (0.65 * 1) + (0.35 * Beta of Debt * (1 - 0.25))
Since the problem does not provide the specific beta of debt, we are unable to calculate the exact new beta. We would need to know the beta of debt for Globex Corp. or have additional information to estimate it.
However, with the given information, we can understand the process and formula used to calculate the new beta when changing the capital structure. By incorporating debt into the capital structure, the overall risk profile of the firm may change, resulting in a new beta that reflects the impact of both equity and debt components on the firm's systematic risk.
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Corinne works in procurement for a major electronics company. One of her challenges is ensuring that raw metals, such as tungsten, coltan, and tantalum, are not being sourced from mines whose profits are used to finance war lords and terrorists. She’s very excited to work with a new company that uses _______, an incorruptible digital recordkeeping system to track these precious metals from mine to manufacturer to ensure they are not "conflict metals. ".
Answers
Corinne is excited because the company uses the public blockchain which is an incorruptible digital recordkeeping system to track these precious metals from mine to manufacturer.
What is blockchain?It should be noted that blockchain simply means a system of recording information in a way that's vital to prevent fraud.
In this case, Corinne is excited because the company uses the public blockchain which is an incorruptible digital recordkeeping system to track these precious metals from mine to manufacturer.
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5. The role of government in a market system
a. does not exist
b. is restricted to establishing property rights
C. includes improving situations that would otherwise result in a market failure
d. includes improving on situations that would otherwise result in a government failure
Answers
What is the total cost to conduct a market research survey will $500 base fee plus $3 per question and 1.25per person surveyed? The survey has 13 questions and will be sent to 300 people.
Answers
answer: The survey has 12 .
Explanation:
Qualified Business Income (QBI) Deduction (LO 4.10)Rob operates a small plumbing supplies business as a sole proprietor. In 2018, the plumbing business has gross business income of $421,000 and business expenses of $267,000, including wages paid of $58,000. The business sold some land that had been held for investment generating a long-term capital gain of $15,000. The business has $300,000 of qualified business property in 2018. Rob's wife, Marie, has wage income of $250,000. They jointly sold stocks in 2018 and generated a long-term capital gain of $13,000. Rob and Marie have no dependents and in 2018, they take the standard deduction of $24,000.The income threshold for QBI limitations starts at $315,000 for married filing jointly taxpayers.a. What is Rob and Marie's taxable income before the QBI deduction?$b. What is Rob and Marie's QBI?$154,000What is Rob and Marie's QBI deduction?$** Please give explanation and not just the answer. Thank you! **
Answers
Answer:
a. What is Rob and Marie's taxable income before the QBI deduction?
Rob and Marie's taxable income = Marie's wages + long term capital gains - standard deduction = $250,000 + $13,000 - $24,000 = $239,000
b. What is Rob and Marie's QBI?
QBI = total business income - total business expenses = $421,000 - $267,000 = $154,000
What is Rob and Marie's QBI deduction?$
the maximum possible QBI deduction is 20% of the QBI, but it starts to phase out if the couple's other income is more than $315,000 (currently the phase out threshold is a little higher $326,600). Since their taxable income is lower than the threshold, they can deduct the maximum amount = $154,000 x 20% = $30,800
if you have agreed to sell a foreign exchange forward, group of answer choices you have a short position in the forward contract. you have a long position in the forward contract. until the exchange rate moves, you haven't made money, so you're neither short nor long. you have a long position in the spot market.
Answers
The correct answer is (C). If you have agreed to sell a foreign exchange forward, until the exchange rate moves, you haven't made money, so you're neither short nor long.
When utilized by large firms and banks, currency forwards normally do not demand an upfront payment, in contrast to other hedging techniques like currency futures and options contracts—which each require an upfront payment for margin requirements and premium payments, respectively.
However, a currency forward has minimal wiggle room and is a legally binding commitment, thus the contract buyer or seller cannot back out if the "locked-in" rate ultimately turns out to be unfavorable. Financial institutions that deal in currency forwards may therefore request a deposit from ordinary investors or smaller businesses with whom they do not already have a commercial relationship to offset the risk of non-delivery or non-settlement.
If the option is mutually accepted and has been defined in advance in the contract, currency forward settlement can be done on either a cash basis or a delivery basis. Since they are not traded on a controlled exchange, currency futures are over-the-counter (OTC) instruments and are also referred to as "outright forwards."
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Match each of the following with their best match.
1. Establish Petty cash
2. replenish petty cash
3. petty cash
4. decrease petty cash
a) Debit various expense accounts, credit cash
b) debit petty cash, credit cash
c) cash used for incidental purchases
d) debit cash, Credit petty cash
Answers
Match each of the following with their best match:
1. Establish Petty cash - b) debit petty cash, credit cash
2. Replenish petty cash - d) debit cash, credit petty cash
3. Petty cash - c) cash used for incidental purchases
4. Decrease petty cash - a) debit various expense accounts, credit cash
Explanation:
1. Establish Petty cash: When establishing a petty cash fund, you initially transfer funds from your regular cash account to the petty cash account. This is done by debiting the petty cash account and crediting the regular cash account.
2. Replenish petty cash: When you need to replenish the petty cash fund because it has been depleted, you transfer funds from your regular cash account to the petty cash account. This is done by debiting the regular cash account and crediting the petty cash account.
3. Petty cash: Petty cash is a small amount of cash kept on hand to cover small incidental expenses that occur in a business, such as office supplies or minor repairs.
4. Decrease petty cash: When you make a payment or expense from the petty cash fund, you need to record the decrease in the fund. This is done by debiting the various expense accounts for the specific expenses incurred and crediting the regular cash account to reflect the decrease in cash.
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Which statement regarding apps is false?
A user can browse for specific apps by name or category
Apps can enhance user experience
Many apps come with a fee
Apps are associated with QuickBooks
Answers
The statement regarding apps is false is the following Apps are associated with QuickBooks.
What is QuickBook?A quickbook is a software that is used to record the accounting transactions of a company, this software is widely used in companies accounts department.
Apps are not associated with Quickbooks as apps are developed individually and these are not inter-related with the software quickbook.
There are many different types of apps, also there are different types of accounting software, the most widely used software includes oracle, SAP and Quickbooks. All the three software are used in companies and the software can be used by not only Finance department but also other departments of a company.
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Shen Systems purchased equipment four years ago at a cost of $218,000. The equipment is valued at $97,400 on today's balance sheet but could actually be sold for $92,900. This is the only fixed asset the firm owns. Net working capital is $41,300 and long-term debt is $102,800. What is the book value of shareholders' equity
Answers
Book value of shareholders' equity is the difference between the assets and liabilities of the company. It is the main answer for this question. Here's the explanation:Assets = Equipment + Net working capital = $97,400 + $41,300 = $138,700
Liabilities = Long-term debt = $102,800Book value of shareholders' equity = Assets - Liabilities = $138,700 - $102,800 = $35,900Therefore, the book value of shareholders' equity is $35,900.
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Book Value of Shareholders' Equity is $31,400.
The book value of shareholders' equity is obtained by deducting the liabilities from the assets. It is one of the important figures in accounting.
Shareholders' equity, also known as net worth, is calculated by subtracting the total liabilities from the total assets. Assets = Liabilities + Shareholders' Equity Equipment's book value is $97,400. If it is sold today, it will yield $92,900. Therefore, depreciation is: $97,400 - $92,900 = $4,500
The value of total assets is $97,400 + $41,300 = $138,700The total liabilities are $102,800Shareholders' equity is calculated by subtracting liabilities from assets.$138,700 - $102,800 = $35,900
However, we must also consider the equipment's accumulated depreciation to get the book value of shareholders' equity:Book Value of Shareholders' Equity = Total Assets - Liabilities - Accumulated Depreciation= $138,700 - $102,800 - $4,500= $31,400
Finally, shareholders' equity is increased by the equipment's actual sale price: $31,400 + $92,900 = $56,300
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A business that writes letters to customers to confirm their orders or requests should make sure that the letters contain:______
Answers
A business that writes letters to customers to confirm their orders or requests should make sure that the letters contain the following information:
Clear and concise language: The letters should be written in a simple and easy-to-understand language. Avoid using technical jargon or complex terms that may confuse the customers. Order or request details: Clearly state the specific details of the customer's order or request, including the products or services they have requested, quantities, sizes, colors, or any other relevant specifications.
Polite and professional tone: Maintain a respectful and courteous tone throughout the letter. Use polite language and avoid any negative or confrontational statements. Personalization: Whenever possible, personalize the letter by addressing the customer by their name. This helps to create a more personalized and customer-centric experience.
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Which of the following is a key element included in one of the three basic ethical principles of the Belmont Report?
Answers
Respect for Persons, Beneficence, Justice are key element included in one of the three basic ethical principles of the Belmont Report .
What was done with the Belmont Report?The Commission released the Belmont Report, which identifies fundamental ethical principles and guidelines that address ethical issues arising from the conduct of research with human subjects. It was informed by monthly discussions that lasted for almost four years and a thorough four days of deliberation in 1976.The Belmont Report, which was released by the Commission in 1976, stated the following fundamental moral precepts: Respect for Persons articulates the moral views that people with less autonomy need equal protection and that people with more agency should be respected.Respect for Persons, Beneficence, Justice are key element included in one of the three basic ethical principles of the Belmont Report .
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Current liabilities include ______. Multiple select question. accounts payable wages payable interest receivable 5 year bonds due in 2 years 10 years bonds due in 5 months
Answers
Current liabilities include current liabilities and 10 years bonds due in 5 months.
What are current liabilities?Current liabilities are obligations that a company owes other entities. This obligations would be paid withing a year.
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A supermarket has the following minimum personnel requirements during the week. Each employee is required to have two consecutive days off.
Day Mon Tue Wed Thu Fri Sat Sun
Minimum Personnel 9 6 7 8 9 13 12
How many total employees are required (to minimize cost)?
What is a good schedule for each employee? Show all work to earn credit.
Answers
In total, we would need 9 + 3 + 6 + 2 + 6 + 7 + 6 = 39 employees to minimize cost.
To determine the total number of employees required to minimize cost, we need to find a schedule that satisfies the minimum personnel requirements for each day while minimizing the total number of employees.
One possible schedule that meets the requirements is as follows:
Day Mon Tue Wed Thu Fri Sat Sun
Minimum Personnel 9 6 7 8 9 13 12
analyze the schedule:
On Monday, we need 9 employees.On Tuesday, we need 6 employees. Since each employee requires two consecutive days off, we can assign 3 employees from Monday to have their days off on Tuesday and Wednesday.On Wednesday, we need 7 employees. We assign the 3 employees who had their days off on Tuesday and Wednesday to work on Wednesday.On Thursday, we need 8 employees. We assign the remaining 6 employees who didn't work on Wednesday, along with 2 employees from Monday.On Friday, we need 9 employees. We assign the 6 employees who worked on Thursday, along with 3 employees from Tuesday.On Saturday, we need 13 employees. We assign the 6 employees who didn't work on Friday, along with the remaining 7 employees.On Sunday, we need 12 employees. We assign the 6 employees who worked on Friday, along with the remaining 6 employees.By following this schedule, we can meet the minimum personnel requirements for each day while minimizing the total number of employees required.
We would need 39 employees to minimize cost.
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Part I
The Scenario:
When the day begins, Mary has $70 in her checking account, and she has overdraft protection
Before work she buys her cousin a round trip bus fare for $10 using her debit card
She then uses the card to get gas in her car for $60
Then she buys groceries with a check of $70.
Then she uses her debit card to buy a $2 coffee
Then she goes to buy a donut for $1 using her card
Finally, she finishes out the day with some shopping to buy new makeup for $30 using her debit card at the store
Compare ABC bank and XYZ bank when
ABC charges $37 overdraft transactions up to 3 a day, no reorder of transactions
XYZ charges $33 overdraft transactions up to 6 a day and reordering transactions from higher to low
Find Balance at the end of the day with each bank
Mary’s balance with ABC bank is ______________
Mary’s balance with XYZ bank is ______-__________
Which bank do you recommend for Mary?________________
Which bank would you choose and why?__________________
Need answers ASAP please it would be greatly appriciated
Answers
Answer:
do u still need
Explanation:
the rules of action or guidelines that ensure uniformity of pricing decisions within a retail operation are know as the retailer's pricing:
Answers
The retailer's pricing policies are the set of rules or directives that guarantee consistency in pricing choices within a retail business.
Consumers ultimately pay the retail price to buy an item. The retail price you establish for a product must contain your cost of goods plus a profit-making markup in order for you to break even. Pricing is important because it determines how much value you and your consumers place on your products. Customers can determine whether an item is worthwhile of their time and money by looking at the tangible pricing point. the cost of products purchased by customers in stores: The majority of the sneakers cost more than $100 at retail. One of the three most common pricing models is cost-based or cost-plus pricing. Pricing is influenced by the market. Prices are based on value.
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