The total production cost divided by the quantity of units produced yields the cost per unit under absorption costing. Absorption costing is an inventory valuation, therefore it is a capitalized cost that is recorded on the balance sheet up until the product is sold rather than a regular expense.
Cost is equal to units x (direct materials + direct labor) + variable and fixed overhead, which comes to $3600,000.
The price per unit is $24 (360000/1500).
The value of inventory is determined by multiplying the number of units left in stock by the cost per unit, which comes to 1300*24 = $31200.
According to absorption costs, the inventory is worth $31200.
When producing income tax filings and external financial reporting, GAAP mandates the use of absorption costing. The costs listed below are regarded as period costs under absorption costing and are not included in the cost of a product.
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maurice would like to own a train store and operate it by himself. he has enough money to open it and operate it on his own and elects to do so. what form of business is this?
A sole proprietorship is a company that is owned and operated by just one person, and in which there is no legal separation between the owner of the company and the company itself. It's the most straightforward way to run the company.
Explain about the Sole proprietorship?A sole proprietorship is simple to set up and offers you total management over your company. If you conduct business operations but don't register as any other type of business, you are automatically regarded as a sole proprietorship.
A sole proprietorship has many advantages, including little paperwork and inexpensive setup. There is also how simple it is to maintain. It's actually the simplest and least expensive form of business you may start, according to the SBA.
A person who runs an unincorporated business alone is known as a sole proprietor. However, if you want to operate your domestic limited liability company (LLC) as a lone member.
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the marginal rate of substitution (mrs) is multiple choice question. the value of the slope of the budget constraint. the value of the slope of the indifference curve. the absolute value of the slope of the indifference curve. the absolute value of the slope of the budget constraint.
The Marginal Rate of Substitution or MRS is the slope of the indifference curve.
Indifference curve is a graph plotted in order to determine the same amount of satisfaction received by the consumers from different varieties of products. This property of deriving same satisfaction from different varieties of products is known as Indifferent. Every point on the indifference curve shows indifference among different products. Marginal rate of substitution is defined as the amount of a good that a consumer sacrifices or substitutes for other good in order to derive the same amount of satisfaction. The slope of indifference curve gives the Marginal Rate of Substitution. Marginal Substitution rate is a tool that can be used to determine the behavior of a consumer towards different varieties of products.
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beverly frickel purchased 100 shares of gleason systems stock for $32.50 per share. her commission for this purchase was $25. she sold the stock two years later for $45 per share and a commission of $40. what was beverly's total dollar return on this stock? multiple choice $1,100 $1,185 $1,500 $3,275 $4,460
If Beverly Frickel purchased 100 shares of Gleason Systems stock for $32.50 per share, Beverly's total dollar return on this stock is $1,335. The total dollar return on the stock is the actual rate of return of an investment over a time period.
The total dollar return on the stock could be obtained by using the formula given below:
Total return=Number of shares(Stock per share-Dividend+ Beginning stock per share)-(Commission+ Ending commission)
Now by plugging in the formula,
Where , Total return = 100($45 +$1.50 - $32.50) - ($25 + $40)
Total return=100($14)-$65 and Total return=$1,400-$65
Resultantly, Total return = $1,335
Therefore, Beverly's total dollar return on this stock is $1,335.
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if jakob knows the marginal cost of the first sports jersey is $21, the marginal cost of the second sports jersey is $40, and the marginal cost of the third jersey is $17, what is the total variable cost of producing three jerseys?
The Total variable cost of the jersey will be $78
21+ 40 + 17 = $78$78 The total of marginal costs over all units produced is the variable cost. Therefore, by simply putting the marginal costs together, the variable cost of manufacturing three jerseys can be determined. 21 + 40 + 17 = $78The additional costs spent by manufacturing more units of an item or service are known as marginal costs. By dividing the overall change in the cost of manufacturing additional items by the change in the quantity of goods produced, it is determined.
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In the ________ activity of scm, organizations coordinate the receipt of customer orders, develop a network of warehouses, select carriers to transport their products to their customers, and create an invoicing system to receive payments.
In the logistics activity of scm, organizations coordinate the receipt of customer orders, develop a network of warehouses, select carriers to transport their products to their customers, and create an invoicing system to receive payments.
In a broader sense, the term "logistics" refers to the act of organizing and transporting resources, such as people, goods, inventories, and equipment, from one location to storage at the intended location like a warehouse. A warehouse is a type of commercial building used extensively in the manufacturing and distribution sectors to store both finished items and raw materials as part of the supply chain. The transportation of supplies and equipment to troops in the field is referred to as logistics in the military.
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elsa company had january 1 inventory of $300,000 when it adopted dollar-value lifo. december 31 inventory at year-end prices was $379,500, and the price index was 110. what is elsa's ending inventory presented on the balance sheet for the current year using dollar-value lifo?
$349,500 is else's ending inventory presented on the balance sheet for the current year using dollar-value LIFO.
Inventory (American English) or stock (British English) refers to the products and materials that a business holds for the final word goal of resale, production, or utilization. Inventory management is a discipline primarily concerning specifying the form and placement of stocked goods. it's needed at totally different locations inside a facility or within several locations of an offer network to precede the regular and planned course of production and stock of materials.
The conception of inventory, stock, or work in process (or add progress) has been extended from producing systems to service businesses [1][2][3] and comes by generalizing the definition to be "all work within the method of production - all work that's or has occurred before the completion of production".
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a system that dynamically links buyers and sellers into a rich communication network to establish and reinforce long-term, profitable relationships is called
Customer relationship management (CRM) refers to a system that dynamically connects customers and sellers into a robust communication network in order to create and maintain long-term, lucrative partnerships.
Write a brief account on Customer relationship management.In order to manage and evaluate customer interactions and data across the customer lifecycle, businesses use a variety of practices, strategies, and technologies known as customer relationship management (CRM). The objective is to strengthen interactions with customers in order to promote client retention and increase sales. CRM systems collect data from a variety of customer points of contact, including the company website, company phone number, direct mail, marketing materials, and social media. CRM systems can also provide employees who work with customers with comprehensive knowledge of their personal information, purchase history, shopping preferences, and problems.
Salesforce, Microsoft, SAP, and Oracle are the companies that predominantly market CRM solutions. Other service providers are well-liked by small and medium-sized organisations.
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Praiya earned $26. 25 for 3. 5 hours of dog sitting. If praiya charges the same amount per hour, how much would she earn in dollars and cents for 8 hours of dog sitting?.
Pet sitting visits last 30 minutes and cost $25 on average. They also include food, fresh water, and a bathroom break.
Prices vary depending on the pet sitter's proximity to the pet owner, whether the pet needs to be picked up and put off, and other factors. You must spend $10 for each extra dog if you have more than one pet.
On average, pet sitting costs $20 per day. Obviously, there are a number of factors that can change the cost, such as if you require a pet taxi to pick up and drop off your pet. The cost is for one dog, cat, or bird; for each additional pet, the cost increases by $10.
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if the process is in control but not capable, what would you do? a redesign the process so that it can achieve the desired output. b use an alternative process that can achieve the desired output c retain the current process but attempt to eliminate unacceptable output using 100% inspection d see whether specs could be relaxed without adversely affecting customer satisfaction. e all of the above
If the process is in control but not capable, I would redesign the process so that it can achieve the desired output.
The answer is option A.
After strategies are set and plans are made, management’s primary project is to take steps to make certain that those plans are finished, or, if conditions warrant, that the plans are changed. this is the essential management feature of control.
And in view that management includes directing the sports of others, a chief part of the control function is ensuring other humans do what has to be completed.
The management literature is full of recommendations on the way to acquire better manipulation.
This advice normally includes an outline of a few sorts of dimensions and feedback processes.
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what document describes the portion of work to be purchased in enough detail so potential suppliers can decide if they feel they are capable of and interested in providing it?
A contract describes the portion of work to be purchased in enough detail so potential suppliers can decide if they feel they are capable of and interested in providing it.
A contract is a legally enforceable agreement that establishes, defines, and controls the mutual rights and obligations between parties. Contracts typically include the transfer of goods, services, money, or promises to transfer at a future date.In its simplest definition, it is a legally enforceable promise. A promise can be to do something or not to do somethingConcluding a contract usually requires the mutual consent of two or more people, one making the offer and the other accepting.A binding agreement between two or more persons or partiesA document describing the terms of a contractA contract is an agreement between two parties that creates an obligation to perform (or not perform) certain obligations.Thus, it is a document that describes the portion of work related to business in detail.
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general importers announced that it will pay a dividend of $3.30 per share one year from today. after that, the company expects a slowdown in its business and will not pay a dividend for the next 5 years. then, 7 years from today, the company will begin paying an annual dividend of $1.40 forever. the required return is 10.7 percent. what is the price of the stock today? multiple choice $9.40 $13.08 $10.85 $10.09 $2.98
The correct answer for this question is the option a $9.40 is the price of the stock today
The perpetuity formula must first be used to determine the stock's future value when it begins to pay the $1.40 dividend:
$1.40 x 10.7% of the stock price in seven years equals $13.08
We now need to calculate the perpetuity's present value as well as the dividend for the following year:
Stock price = ($3.30 / 1.107) plus ($13.08 / 1.107) is $2.98 plus $6.42, or $9.40.
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in the long run: a inputs are less expensive to employ than in the short run. b the firm has time to change the level of all inputs. c inputs are neither variable nor fixed. d all inputs are more expensive. e at least one input is free.
The company has time to adjust the level of all inputs in the long run. The correct response is therefore that the company has time to modify the level of all inputs.
What is the meaning long run?The long run is a time frame during which all aspects of production and cost are flexible. Companies can alter all costs over the long term, but they can only have a short-term impact on prices by altering output levels.
The long run is defined in macroeconomics as the time frame over which the general price level, contractual pay rates, and expectations fully reflect the state of the economy at the time. On the other hand, these elements could not fully adapt in the short term. Additionally, long-run models could differ from short-run equilibrium, when supply and demand are more adaptable to changes in price.
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you are currently thinking abouyt investing in a stock priced at $25.00 per share. the stock recently paid a dividend of $2.50, and its dividend is expected to grow at a rate of 6 percent for the foreseeable future. you normally require a return of 16 percent on stocks of similar risk. is the stock overpriced, underpriced, or correctly priced?
The stock is underpriced.
Underpricing is the act of submitting an initial public offering at a cost that is lower than its market rate. If an additional supply concludes its initial trading day over the set price, it is seen to have been underpriced.
Intrinisic value of the stock = Expected dividend/ ( Return - Growth Rate)
Thus,
Expected dividend = Recent Dividend × / ( 1 + Growth Rate)
= 2.5 × ( 1 + 0.6)
= 2.5 × 1.06
= 2.65
Return = 16%
= 0.16
Growth rate = 6%
= 0.06
Therefore, the Intrinisic value of the stock
= 2.65/ ( 0.16 - 0.06)
= 2.65/ 0.1
= 26.5
Since the actual price of the stock is $25.00 per share, the stock is underpriced.
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true or false: in most cases, it is less expensive to borrow money using your certificate of deposit as collateral for a loan than if you use your used car.
Most of the time, borrowing money using your certificate of deposit as security for a loan is less expensive than doing so with your used car. Hence, the statement is true.
What is a collateral ?A valuable asset that a borrower promises as collateral for a loan is known as collateral in the financial industry.
An unsecured loan has a higher interest rate than one that is secured by collateral. If there is a default, the lender has the right to sell the collateral to make up the difference.
A loan that is backed by a collateral will probably have a interest rate that is much lower in comparison to a loan that is not backed by a collateral. A lien is a legal right or claim made by a lender against assets held by a borrower in order to pay off a debt. The borrower of a loan will have a high incentive to pay back the loan on time due to the risking of their home or other assets that are used as collateral.
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Charles names several programs and philosophies that are integral to the past success of rosalie’s restaurants. All of these factors go into forming the market orientation of rosalie’s. What doesn’t fall in the concept of market orientation?.
Marketing mix doesn't fall in the concept of market orientation.
What is market orientation?Market orientation is the process of identifying consumer needs and desires in order to define new products that will be created. Well-known businesses like Amazon and Coca-Cola use market orientation concepts to improve or expand their products and services.
For instance, a vehicle manufacturer that adheres to market orientation will research consumer demands and desires before creating models that are meant to mimic the trends of other manufacturers.
Thus, it is marketing mix.
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which type of salesperson is responsible for finding new customers and securing their business, typically by convincing the prospective customer to drop one or more competitors?
New-business salespeople is responsible for finding new customers and securing their business, typically by convincing the prospective customer to drop one or more competitors
How Important Are Sales In An Organization?Salespeople fill the gap between the product or service that satisfies a client's need and that need itself. It's the role of the salesman to complete the transaction by offering more information and assisting the consumer in making those connections when interacting with prospects who have already been warmed up by marketing and advertising efforts.The development of consumer loyalty and trust in businesses is significantly influenced by sales. The key factors that influence a customer's decision to refer your business to a friend or family member or to leave a positive online review of your goods or services are trust and loyalty.Selling is a powerful activity because it involves interpersonal communication. Never undervalue the impact that a personal connection can have on two people's perceptions of your brand.To learn more about salespersons, refer to https://brainly.com/question/25743891
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companies use their external databases for purposes of direct marketing and to strengthen relationships with customers, which is referred to as customer relationship marketing (crm). true false
It is TRUE that companies use their external databases for purposes of direct marketing and to strengthen relationships with customers.
What is customer relationship marketing ?
Customer loyalty and client relationships are the foundation of the customer relationship marketing (CRM) strategy. Companies using this marketing tactic build enduring relationships with customers and increase laser-focused brand recognition by using customer data and feedback.
What is the importance of customer relationship marketing?
Relationship marketing aids in long-term client retention, which leads to consumer loyalty as opposed to one-time or infrequent buyers. The capacity of relationship marketing to maintain close contact with clients is crucial.
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1. helen, age 17, wanted to buy a motorcycle. the dealer sold it to helen on credit after she showed the dealer a fake id that falsely stated she was 22 years old. a. a few days later, the dealer later learned that helen was only 17 years old. he contacted helen and told her there is no valid contract and she must return the motorcycle. can the dealer disaffirm the contract? why or why not? b. alternatively, a few days after purchasing the motorcycle, helen damaged it and returned it to the dealer stating that she disaffirm the contract because she was a minor. can helen disaffirm the contract? can she be held liable for the damages? why or why not? 2. elani intends to sell her jet ski for $2,500. when she learns chin is interested in buying a used jet ski, she sends him an e-mail offering to sell the jet ski to him. while typing the email, however, elani mistakenly keys in the price of $1,500. chin immediately sends elani an email reply accepting her offer. is elani bound by the contract? why or why not? 3. phil sung buys a violin from bev lee for $250. although the violin is very old, neither party believes that it is valuable. later, however, an antiques dealer informs the parties that the violin is rare and worth thousands of dollars. can sung rescind the contract? why or why not?
Helen misrepresented her age by using a fake ID or making up her age to appear as 22. Helen deceived the dealer. Option A: Because Helen misrepresented her age, she may be held accountable.
Elena made a unilateral error and is required by the contract to sell Chin her jet ski for $1,500 even though she had planned to sell it for $2,500. She thinks the defense attorneys misrepresented the circumstances. To misinterpret is to convey misleading information about something or someone, frequently to gain an advantage.
Any individual the Division determines to be potentially liable under federal clean-up law or to have contributed is referred to as a potentially liable person.
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you would like to contribute to a savings account over the next three years in order to accumulate enough money to take a trip to europe. assume an interest rate of 4%, compounded quarterly. how much will accumulate in three years by depositing $500 at the end of each of the next 12 quarters?
The amount after three years will be equal to $7513.
Compound Interest is the interest which is charged on an entity by any institution in which the amount received after one year becomes the principal amount for next year. We know that
Future amount = quarterly contribution x annuity factor
Now, the quarterly contribution is equal to $500, the total quarterly contributions is 3 x 4 = 12 periods, the interest rate is 4% compounded quarterly and the annuity factor is 4%, 12 periods = 15.026
Now, Future value = quarterly contribution x annuity factor
Future value = $500×15.026
Future value = $7513 which is the required amount.
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for a risk averse person, a. the utility function exhibits the property of constant marginal utility of wealth. b. the utility function exhibits the property of increasing marginal utility of wealth. c. the pleasure of winning $1,000 on a bet exceeds the pain of losing $1,000 on a bet. d. the pain of losing $1,000 on a bet exceeds the pleasure of winning $1,000 on a bet.
For a risk averse person, the pain of losing $1,000 on a bet exceeds the pleasure of winning $1,000 on a bet.
What is risk adverse person?A risk-averse investor stays away from risks. He/she steers clear of risky investments and favors those that guarantee a return. Such investors like index funds, debentures, and government bonds.
If a person would rather accept a guaranteed payout (certainty equivalent) of less than $50 (for instance, $40) than take the risk and perhaps receive nothing, they are said to be risk adverse (or risk avoiding). If they aren't bothered by the risk or a specific $50 payment, they are risk neutral.
A person who invests their money in a bank account with a low interest rate that is guaranteed rather than stocks, whose prices can fluctuate but could yield considerably larger returns, is an example of risk-averse behavior.
Being risk-averse typically entails either not enjoying taking risks or feeling comfortable with only small ones. The phrase has a slightly different connotation when applied to investing behaviour, and it may even work against you in terms of generating the highest long-term results.
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the term mass affluent is used to describe multiple choice slower-growing demographic segments in the united states. consumer segments that are primarily motivated by ideals. consumer segments that are primarily motivated by self-expression. households that have between $100,000 and $250,000 in investible assets. households that are generally ignored by financial planning firms.
Households with between $100,000 and $250,000 in investable assets are said to as mass affluent. Mass affluent and growing affluent are the high end of the mass market in marketing and financial services, or those with liquid financial assets between $100,000 and $1,000,000 with an annual family income of more than $75,000 each.
A significant target market for manufacturers of luxury products is the mass wealthy customer. Your bank account balances, certificates of deposit, mutual funds, stocks, and bonds are all examples of investable assets. Funds stored in retirement accounts and insurance contracts having a cash value are both regarded as investable assets.
In the event of a financial emergency, your likelihood of continuing to pay off your debt increases with the amount of investable assets you have. Cash-value insurance contracts and funds stored in retirement accounts are both regarded as investable assets.
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havermill co. establishes a $280 petty cash fund on september 1. on september 30, the fund is replenished. the accumulated receipts on that date represent $76 for office supplies, $143 for merchandise inventory, and $25 for miscellaneous expenses. the fund has a balance of $36. on october 1, the accountant determines that the fund should be increased by $56. the journal entry to record the reimbursement of the fund on september 30 includes a:
Havermill co. establishes a $280 petty cash fund on september 1. on september 30, the fund is replenished. the accumulated receipts on that date represent $76 for office supplies, $143 for merchandise inventory, and $25 for miscellaneous expenses. the fund has a balance of $36. on october 1, the accountant determines that the fund should be increased by $56. the journal entry to record the reimbursement of the fund on september 30 includes a Journal entries.
A cumulative receipt is one that lists all of the donations made by a donor (or payments, if you're referring to revenue) over the course of the year. It's especially beneficial for people who give frequently.
The cost of finished goods (COGS) that a retailer or wholesaler has on hand to sell to its clients during a specific accounting period is known as merchandise inventory. The price of the books or periodicals a bookshop offers for sale would be considered part of its merchandise inventory.
The balance sheet account that shows the total cost of goods that have not yet been sold is called merchandise inventory. Merchandise inventory serves as a holding account for inventory that is awaiting sale as a current asset.
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you are the manager of a firm that sells its product in a competitive marekt at a price of $48. your fims cost function is your firms maximum profits are:
A competitive firm achieves equilibrium in a market that is competitive when the fixed market price equals the firm. The firm's maximum profits are $228.
60 + 2Q² is the total price. The derivative of the cost function with respect to the output is the marginal cost. Below is a calculation of the marginal cost.
MC = ΔTC / ΔQ = 4Q
When the marginal cost of production is equal to the price of $48 by the rival firm. The firm's production is computed in the table below.
MC = P
4Q = 48
Q = 12
The profit represents the discrepancy between the competitive firm costs and revenues. As calculated below, the profit.
π = TR - TC
π = PQ - 60 - 2Q²
π = 48 × 12 - 60 - 2 ×12²
π = 228
Hence, the profit is $228. Thus, the correct option is (B).
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Question:
You are the manager of a firm that sells its product in a competitive market at a price of $48. Your firm's cost function is C = 60 + 2Q2. Your firm's maximum profits are: a)192 b)228 c)348 d)576
if an organization does not yet have social media content and followers, what can it do to help identify its target markets? more than one answer may be correct.
Answer:
rattttt
Explanation:
the use of accounting information as a tool to communicate without providing any influence that would sway a decision in a particular direction that would favor a particular interest group is known as
Neutrality refers to the use of accounting information as a medium for communication without giving any influence that would push a decision in a specific manner that would favour a particular interest group.
Accounting:
Accounting is the measurement, processing, and exchange of financial and non-financial information regarding economic entities such as enterprises and corporations. Accounting, also known as the "language of business," measures and communicates the outcomes of an organization's economic operations to a wide range of stakeholders, including investors, creditors, managers, and regulators. Accountants are those who practise accounting. The terms "accounting" and "financial reporting" are sometimes used interchangeably.
Neutrality is another aspect of faithful portrayal. This is when accounting information can be used to communicate without offering any influence that could bias a decision in a specific manner that would benefit a specific interest group.
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when the economy is at equilibrium: group of answer choices leakages equal injections inventories are at desired levels aggregate supply equals aggregate demand all of the above are true
When the economy is at equilibrium leakages equal injections.
In the field of business, injections can be described as an increase in income or investment for a country. On the other hand, leakages in the field of business can be described as the ways in which income is lost.
Equilibrium can be described as a state where your income should be equal to your withdrawal rate.
Hence, for a particular economy to reach equilibrium, its leakages should equal its injections. This means that the income of the economy should be equal to the expenditure of the economy.
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the decision-making technique that involves graphically displaying alternatives considered in a decision and the outcomes expected as a result is termed a .
The decision-making technique that involves graphically displaying alternatives considered in a decision and the outcomes expected as a result is termed as decision tree.
What is decision tree and the decision involving graphically displaying alternatives is termed as what?Decision tree is a significant tool used for classification and categorization for various kind of tasks and include regression tasks also.A decision tree for if or else conditions would be better for the understanding values and further processing.Decision tree is significant and plays a pivotal role for the data analysis and algorithms are also used in decision tree and ID3 is one of the algorithm used in decision tree.Here the decision tree is depicted as the technique involving graphically displaying alternatives considering in a decision and the outcomes expected as a result .The decision tree is named so because the data, decisions in decision tree is represented like a tree model or like the structure of tree.Hence decision tree is the decision making technique that involves graphically displaying alternatives considered in a decision and the outcomes expected as a result .To know more about decision visit:
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a brand manager for yeti reusable water bottle would like to assess the overall quality of a data collection effort. the brand manager for yeti should consider the: group of answer choices response rate. all answers are correct. completion rate. eligibility rate. collection rate.
A brand manager for yeti reusable water bottle would like to assess the overall quality of a data collection effort. the brand manager for yeti should consider the: response rate and completion rate.
The number of respondents divided by the total sample size is referred to as the response rate in survey research, also known as the completion rate or return rate. It is typically stated as a percentage. The number of people that replied to an offer is referred to using the phrase in direct marketing as well.
In comparison to the total number of persons you contacted, the response rate shows how many people responded to the survey. The survey completion rate, which displays the percentage of respondents that completed the survey, is comparable to the response rate and equally significant.
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brown inc. sells one product at a selling price of $30 per unit. variable expenses are $12 per unit and fixed expenses are $41,400. brown's break-even point is:
Smith Company sells a single product at a unit price of $30. Fixed expenses are $41,400 and variable expenses are $12 per unit. The break-even point for Smith is 2,300 units.
What is selling price ?The selling price is the amount paid by a buyer for a product or service. It varies according to how much the buyer is willing to pay, how much the seller is ready to accept, and how competitive the price is in comparison to other companies in the need. SELLING PRICE is defined in the Britannica Dictionary. [singular]: the actual selling price of something. They asked $200,000 for the house, but it ultimately sold for $175,000. Thus, the selling price per unit formula divides sales by the number of units or quantity sold to determine the price per unit from the income statement.
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when working with customers, you should always try to keep a positive attitude. why is it important to maintain a positive attitude when working with customers?
The reason it is very necessary for one to be able tp keep a good attitude with the customers is that it would Help to establish a good customer relationship.
What is a positive attitude?This is the term that is used to refer to all of the attitudes that a person that works in a business would have that is able to keep the people that patronize them coming.
These are attitudes that would range from friendliness, open communication and the ability to help the customers to meet the needs that they are after when they are in need of such help.
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