As the restaurant asks their customers to fill out a questionnaire indicating whether their service was excellent, very good, good, or poor, this rating scale that is used is an example of the ordinal scale.
What is an ordinal scale?Basically, an ordinal indicates “order” and an ordinal data refers to the quantitative data which have naturally occurring orders and the difference between is unknown. It can be named, grouped and also ranked.
Because of this, the ordinal scale refers to the second level of measurement that reports the ranking and ordering of the data without actually establishing the degree of variation between them.
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moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates:
$9.14 per machine hour
Explanation:
Fixed predetermine overhead rate:
= Fixed manufacturing overhead cost ÷ Machine hours required to support estimated production
= 660,000 ÷ 152,000
= 4.34 per machine hour
Variable predetermine overhead rate = $ 4.80 per machine hour
Total predetermine overhead rate:
= Fixed predetermine overhead rate + Variable predetermine overhead rate
= ($4.34 + $ 4.80)
= $9.14 per machine hour
What is Job Order Costing?
Labor costing is a costing method used to determine the cost of manufacturing each product. This costing method is typically used when a manufacturer manufactures a variety of products that differ from each other and needs to calculate the cost of doing a single job. Job costing includes direct labor, direct materials, and manufacturing overhead for that particular job.
To determine the profitability of a job
Job cost helps determine if a job is profitable. This helps the company estimate the value of the materials, labor, and overheads expended to perform that particular job. Efficient labor costing can help companies create competitive low enough quotes, yet still be profitable for your business.
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Incomplete Question
A customer sells short 100 shares of abc at $17 as the initial transaction in a new margin account. the customer must deposit? a $850 b $1,000 c $1,700 d $2,000
The customer must deposit $850 for the new transaction to take place. The number of shares the customer sells short is 100 shares. The rate of the shares is $17.
The total amount of the transaction is $1700.
The customer must deposit 50% of this amount as a deposit.
50% of $1700 = $850.
The amount of the deposit is $850.
Short selling is the process the investor does when he first sells the stock without having the share in his name. this is done when the investor is sure that the price will go down and he will be able to buy back the share at a lower cost. In this way the investor makes money. For this transaction, the investor has to deposit an amount of 50% as a deposit with his broker.
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which statement is not correct about the business-society interdependence? multiple choice business is a part of society. business is separated from the rest of society by clear boundaries. business activities impact other activities in society. actions by governments rarely affect business.
Business is a part of society is the correct option
Corporations can implement CSR as a business practice in a variety of ways. As a business practice, corporate social responsibility entails directing funds to organizations or individuals in need. Some corporations donate a portion of their profits to programs that feed the hungry, while others donate to organizations that clean up the environment.
Businesses are also expected to maintain a certain level of accountability in the way they conduct business. A company can be considered ethically irresponsible if it knowingly causes environmental harm or if its business practices cause employees to be treated unfairly.
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which action is an example of bribery, a tactic used by companies to stop unions from forming? a company hires workers known as "scabs" to replace striking workers. company management secretly pays a worker to tell them which coworkers have discussed forming or joining a union.
Correct Answer is B) Management secretly pays workers to let them know which colleagues have discussed forming a union.
One example of a bribe that companies use to discourage union formation is for management to covertly pay workers to tell them which colleagues are talking about union formation. A bribe is giving something in return for favor or influence that you would not have otherwise received. Thus, an example of bribery is when a company secretly pays an employee to obtain information. For example, as a "accuser". In this way, management is well informed about the opinions and decisions of other employees and can anticipate their reactions.
What is Striking Workers?
A strike, also known as a labor strike or simply a strike, is a stoppage of work caused by workers refusing to work an masse. Strikes are usually in response to employee grievances. Strikes became common during the Industrial Revolution when mass labor in factories and mines became important. As strikes became a more common practice, governments were often pressured (by private companies or union members) to take action. Where government interventions occur, they are rarely neutral or consensual. Early strikes, often viewed as illegal conspiracies or anticompetitive antitrust practices, faced massive legal repression by state police, federal forces, and federal courts. Many Western countries legalized strikes under certain conditions in the late 19th and early 20th centuries.
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what is the cost of goods sold for may? what is the total value of the finished goods inventory at the end of may? what is the total value of the work in process inventory at the end of may?
Cost of goods sold is the term used to describe the direct expenses incurred by a company in manufacturing the commodities it sells (COGS). This total also includes the price of the materials and labor that were used directly to create the item. It excludes indirect costs like those incurred in connection with the sales team and distribution.
The phrase "cost of sales" is another name for "cost of goods sold."
All costs and expenses directly associated with the creation of goods are included in the cost of goods sold (COGS).Indirect expenses like sales and marketing and overhead are not included in COGS.Gross profit and gross margin are determined by deducting COGS from revenues (sales). Lower margins are the result of higher COGS.Depending on the accounting principles employed in the computation, COGS will have a different value.Operating expenses (OPEX) are distinct from COGS since OPEX covers costs that are not directly related to the creation of goods or services.As a company's gross profit is calculated by subtracting COGS from its revenues, COGS is a crucial financial statement statistic. The gross profit is a measure of profitability that assesses how effectively a business manages its workers and resources during the production process.To learn more about cost of goods sold visit:https://brainly.com/question/24561653
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Barbara's bangles outsells other jewelry designers in her town because it produces jewelry more efficiently and effectively than its competitors. this demonstrates the company's?
Barbara's bangles outsell other jewelry designers in her town because it produces jewelry more efficiently and effectively than its competitors.
this demonstrates the company's competitive advantage
This is further explained below.
What is a competitive advantage?Generally, In the world of business, a competitive advantage is the quality that enables a company to achieve a higher level of success than its rivals.
In conclusion, The reason why Barbara's bangles sell more than those of other jewelry designers in her area is that the company creates jewelry in a more efficient and effective manner than its rivals.
This exemplifies the company's strategic advantage in the marketplace.
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Bolt enterprises receives $100,000 cash from its customers on account. bolt uses the cash to pay off $100,000 on a bank loan, the net result is that?
Bolt enterprises receive $100,000 cash from its customers on account. bolt uses the cash to pay off $100,000 on a bank loan, the net result is that assets would decrease by $100,000 and liabilities would decrease by $100,000.
The journal entry to document the purchase of supplies on account/on credit score increases the asset, resources debit, and increases the liability, bills Payable credit. The magazine's access to report the acquisition of components for coins will increase one asset, resources debit and decrease every other asset, cash credit score.
A noncurrent asset is an extended-time period investment that your business enterprise makes that is not probable to become coins inside an accounting yr or does not without difficulty convert to cash. constant assets typically observe to property, plant, and system. accounts receivable, or AR, collections is the method of improving money owed to an employer. step one is to become aware of the debtor and then find a manner to touch them and ask for payment.
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from the consumer's perspective, which of the following is a postpurchase question? question content area bottom part 1 a. what are the best sources of information to learn more about alternative choices? b. how is the product eventually disposed of? c. what does this purchase say about the consumer? d. what determines whether a consumer will be satisfied with a product? e. is acquiring a product a stressful or pleasant experience?
From the consumer's perspective, an example of a postpurchase question is: b. how is the product eventually disposed of?
What is consumer behavior?Consumer behavior can be defined as the study of the processes that are involved when individuals or groups of people engage in the selection, purchase, use, or disposal of products (goods), ideas, services, or experiences to satisfy their unending needs, requirements and desires.
From the consumer's perspective, we can reasonably infer and logically deduce that an example of a postpurchase question is "how is the product eventually disposed of?" because at this point the product has reached the end of its life cycle.
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The erosion of family structure among economically impoverished families often leads to?
The breakdown of family structures in economically disadvantaged families frequently leads to the acceptance of impotence as normal.
Family structure describes the group of relatives that comprise a family. This variable's classification takes into account the existence or absence of legally married spouses or common law partners, children, and, in the case of economic families, other relatives.In the United States, the conventional family structure is regarded as a family support system containing two married persons who provide care and stability for their biological offspring."Family structure" refers to the members of a family who are related by marriage or bloodline and is often used in reference to at least one child under the age of 18.Thus this is the meaning of family structure.
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a cosmetics manufacturer’s marketing department has developed a linear trend equation that can be used to predict annual sales of its popular hand
The marketing division of a cosmetics firm has created a linear trend equation that may be used to forecast yearly sales of its well-known Hand & Foot Cream. Ft = Annual Sales (000 bottles), and t = 0 corresponds to 1990 a. Ft = 80 + 15t
A trend equation is an equation created to determine the anticipated level of output based on the sales' historical trend as determined by the data that is now available.
The marketing division of a cosmetics business has created a linear trend equation that may be used to forecast yearly sales of its well-known Hand & Foot Cream.
Ft =80+14t
Where
Ft Annual Sales Forecast (bottles)
1990 is represented by t= 0.
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when the government imposes a limit on sales of a good or service by a quota, it usually issues a license that gives the owner the right to sell a given quantity of the good. the market price of the license is equal to: a the wedge that represents the difference between the demand price and the supply price. b the demand price of the good. c the per-unit quota rent multiplied by the quota limit. d the market equilibrium price. e the per-unit quota rent.
When the government places a quota on the amount of an item or service that may be sold, it typically offers a license to the business owner allowing them to sell a certain amount of the good. The license's market price is equal to the good's demand price.
What do you understand by market equilibrium?Market equilibrium is a condition in which a good's supply and demand are both equal. In other words, there is no surplus supply or demand in a market equilibrium condition.
A market is considered to have attained equilibrium when there is an equal balance between supply and demand for a good or service. Consistent agent conduct, the lack of incentives for agents to change their behavior, and the dynamic nature of equilibrium outcomes are three features of an equilibrium market.
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when setting prices, the company must consider factors in its external environment. , including factors such as boom or recession, inflation, and interest rates affecting pricing decisions, can have a strong impact on the firm's pricing strategies.
The company should set prices that will allow reseller to receive a fair profit.
What is reseller ?When a business or individual (merchant) buys products or services, they do so with the goal of reselling them rather than using or consuming them themselves. Usually, this is done for financial gain (but can be done at a loss). Buying excess transmission capacity or call time from larger carriers and reselling it to smaller carriers is one example encountered in the telecommunications sector.
The Institute for Partner Education & Development claims that a reseller's product fulfillment-based business model consists of a corporate reseller, retail, direct market reseller (DMR), and an internet retailer (eTailer); less than 10% of its revenue is generated by services.
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Answer:
promotion
distribution
production
Explanation:
in each of the following scenarios, identify whether the supply curve or demand curve shifts in the loanable funds market, and in which direction. there is a widespread fear that the social security retirement system will collapse. as a result, people begin to assume that they will need to pay their own way in retirement. smartwork
The result of the following situation will be that the People begin to save as a result, which increases the supply of loanable funds and moves the number of loanable funds available to the right.
What is a market plan?A marketing plan is a strategy or alteration that an organization is planning to make to its operations or behavior. It can have to do with the product or how they are marketing it.
As there is a change in the demand curve and the supply curve then the will be investing the money as the people are not putting their amount in the retirement fund as that is so the people will be more interested in the loan fund which demand will increase.
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An antitakeover tactic used by a company to give shareholders certain rights in the event of a takeover by another firm is called ______.
An antitakeover tactic used by a company to give shareholders certain rights in the event of a takeover by another firm is called the Poison pill/shareholders' right plan.
What are Poison pills?The board of directors of a firm might adopt a shareholder rights plan, also referred to as a "poison pill," as a form of a defensive strategy to thwart a takeover.
In the area of mergers and acquisitions, shareholder rights plans were created in the early 1980s as a means of preventing takeover bids by eliminating a shareholder's ability to directly bargain the price of the sale of shares.
Usually, if one shareholder purchases a specific proportion or more of the company's shares, a scheme like this allows owners to purchase additional shares at a discount. The plan might be activated, for example, if one shareholder purchases 20% of the company's shares. At that moment, all shareholders (except the shareholder who owns 20%) will be eligible to purchase a fresh issue of shares at a discount. The bidder's stake would be significantly diluted if all other shareholders were able to purchase additional shares at a discount, which would result in a significant increase in the bid's price. Knowing that such a scheme might be implemented, the board would need to be convinced to cancel the plan in order for the bidder to be dissuaded from taking over the company without its consent.
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At 6.8 percent interest, how long does it take to double your money? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
14.71 years when simple interest used annually.
10.59 years when compounded Interest used annually.
We can calculate the doubling time by either using simple interest rate annually or compounded interest rate annually.
First, if we use simple interest rate annually than according to the formula it can be derived simply by dividing the periodic rate by 1.
Doubling Time without compounding = 1/rate.
= 1/6.8
= 14.71 years when simple interest
used annually.
In case of compounded interest rate annually.
Doubling time through Rule of 72 is by dividing 72 by the interest rate.
= 72/6.8
10.59 years when compounded annually.
However, if we use normal excel calculations then
For simple interest time required to double the money let say $100.
A = PRT+P
200 =100×6.8×T+100
100 =6.8T
T =14.71 years
For compounded interest
A = P[tex](1+r)^n[/tex]
200 = 100[tex](1+6.8)^n[/tex]
2 =[tex]1.068^n[/tex]
n = 10.54 years
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assume a country has an open economy and a flexible exhange rate system. an increase in the country's government budget deficit
If a country has an open economy and a flexible exchange rate system. An increase in the country's government budget deficit will cause an increase in real interest rate and a decrease in net exports.
In an open economy with flexible exchange rate system, the crowding out mechanism becomes stronger. So here the fiscal expansion causes both a rise in the interest rates as well a fall in the exchange rate. Thus, this leads to the reduction in both domestic expenditure and net exports.
In an open economy, an increase in the country's government budget deficit will thus lead to an increase in real interest rate and which leads to a decrease in net exports.
Hence, a budget deficit increases the level of public sector debt.
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Why is it important to back up my data? it is mandatory for businesses to back up their data? what can we do personally to meet the 3-2-1 methodology?
The reason why it is important that you back up your data is that it helps to save your files especially in the case where there may be unforeseen circumstances such as deletion by mistake.
What does it mean to back up data?The term data back up is one that has to do with the duplication of data. The reason for this is so as to allow for the retrieval of the data in situations where the loss of the original data occurred.
The reasons why you have to back uo your data has been mentioned in the explanation that is contained above. You will still have access to you useful files.
For the businesses, it may be worse if they lose files, the use of back ups helps to make sure that the files would be accessible to them still in another place and there would be no loss to the important records that have to do with the business.
To meet the 3-2-1 you have to do the following:
Create a primary back up and two back up copies.Save backups to 2 different media types.keep 1 backup file in an offline location.Read more on file backup here:
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What makes u.s. ports and navigable waterways such important assets? what is considered the most significant threat to the maritime transportation system?
There has been a national interest in reliable maritime transportation ever since the United States was founded.
The national infrastructure that supports domestic and international trade, business, and leisure includes ports and rivers. The federal government has taken on responsibility for the creation, upkeep, and secure operation of shipping channels in recognition of this crucial purpose. Federal interest for environmental protection is relatively recent but no less significant.
There is a national interest in ensuring that all vessels adhere to the minimum international standards for "rules of the road," language, radio frequencies, and other elements of maritime protocol because ports and waterways are also a part of a global transportation system that must accommodate diverse fleets.
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a company that is working to increase customer purchases of its current products in its current market is trying to achieve market
For a business, market penetration aims to boost customer purchases of its current products in its current market.
Delivering value to customers is marketing's primary goal in luring new clients and retaining old ones. It is accomplished through market penetration. It helps to boost customer purchases. Market penetration is the proportion of a product or service's predicted total market that is actually being used by consumers. The development of tactics used to enhance the market share of a specific good or service can also make use of market penetration. The potential market's size can be estimated using market penetration. If the industry's overall market is sizable, new entrants may be motivated by the possibility of gaining market share or a portion of the sector's total pool of potential customers.
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identification of the product
Identification of the product labels is a broad category of labels that include features such as product traceability, brand protection, and various information labels. Product identification is critical in a rapidly changing business environment and the constant threat of theft and counterfeit goods.
Effective product identification improves supply chain efficiency. This means the right product is getting to the right consumer at the right time. Clear labeling of products allows them to be easily distinguished, increasing the visibility of items in the supply chain.
Product Selection: Choosing the right product requires research, careful evaluation, and good judgment. This activity is called the product selection analysis technique.
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according to mintzberg, a manager who is creating her team’s budget for next year is operating in which category of roles?
According to Mintzberg, a manager who is creating her team’s budget for next year is operating in Decision making roles
Managers are in charge of making decisions, and they can do this in a variety of ways depending on the level. The way a leader leads matters when making decisions. The Mintzberg Managerial Roles listed below are those that involve decision making roles.
1. Entrepreneur
The manager develops and launches initiatives and adjustments as an entrepreneur would.
2.disruption handler
The manager always reacts right away to unforeseen events and operational failures in his managerial function as disturbance handler. He seeks practical answers.
3.resource manager
The manager supervises and approves the use of organizational resources in his capacity as resource allocator.
4. Negotiator
As a negotiator, the manager takes part in discussions with other businesses and people, representing the organization's interests.
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a country reported nominal gdp of $115 billion in 2010 and $125 billion in 2009. it also reported a gdp deflator of 85 in 2010 and 100 in 2009. between 2009 and 2010,
A country reported nominal GDP of $115 billion in 2010 and $125 billion in 2009. it also reported a GDP deflator of 85 in 2010 and 100 in 2009. between 2009 and 2010, real output rose and the price level fell.
Nominal GDP is an assessment of financial products in a financial system that includes contemporary charges in its calculation. In different phrases, it would not strip out inflation or the tempo of growing costs, which could inflate the growth figure. Nominal GDP measures output and the usage of contemporary costs, however actual GDP measures output using constant prices.
Nominal GDP is the inflation-adjusted GDP of a rustic. The Nominal GDP of a country is expressed in phrases of modern-day year fees of products and offerings. The real GDP of a country is expressed in terms of base year costs or steady fees for goods and offerings. It is simple to calculate Nominal GDP.
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consider the production possibilities frontier for an economy that produces only sofas and cars. as the economy moves from point a to point d, is the opportunity cost of cars increasing, constant, or decreasing? and it is equal to?
Economy, society would sacrifice 600 automobiles in order to make 900 couches, or (600 cars)/(900 sofas)=2/3 of a car for each sofa.
What exactly is the economy?
An economy is a geographical area in which goods and services are created, distributed, traded, and consumed. It is widely recognised as a social domain that focuses on the behaviours, discourses, and tangible manifestations associated with the generation, utilisation, and management of finite resources. A community's economy is a collection of interconnected production and consumption processes that ultimately determine how resources are divided. The demands of the people who live and work there are addressed by the overall production and consumption of goods and services. Economic issues have an impact on our daily life. This includes issues such as taxation and inflation, wealth and interest rates, inequality and growing markets, and energy and the environment.
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Forensic anthropologists take into account a person’s age when calculating stature. Why do you think most forensic anthropology textbooks also describe adjustments to height calculations for persons over 45?.
Most Forensic anthropology textbooks also describe adjustments to height calculations for persons over 45 because as people grow older (45 and above), people become shorter.
Physical anthropology is the study of human remains, and forensic anthropology is the application of skeletal analysis and archaeological methods to criminal case investigations. Forensic anthropologists are relied upon to collect data from the bones and their retrieval environment to identify who died, how they died, and when they died when human remains or a presumed burial are discovered. The study of hard tissues like bones is a specialty of forensic anthropologists. Due to their background in archaeology, they are also skilled at carefully preserving the evidence and uncovering buried relics.
Although physical anthropology focuses on the biological underpinnings of human behaviour as well as human development, variation, and adaptation, forensic anthropology may benefit from many of its excavation and reconstruction methods.
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you want to have $30,000 saved 5 years from now to buy a house. how much less do you have to deposit today to reach this goal if you can earn 3.5 percent rather than 2.5 percent on your savings? today's deposit is the only deposit you will make to this savings account.
Today's deposit is the only deposit you will make to this savings account of $ 1,256.43 with 2.5 percent on your saving.
A savings account is what?A savings account is one held with a retail bank. Common traits include a limited amount of withdrawals permitted, the absence of a check or attached debit card facility, the limited availability of transfer options, and the inability to get overdrawn.
A savings account, which allows you to deposit money and often yields a reasonable rate of interest, is a crucial type of financial tool.
These government-insured accounts offer a secure place to store your money while generating interest, up to $250,000 per account owner.
A savings account is an equity deposit account held with a financial institution like a bank.
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Firms have routinely turned down work to individuals with little education or vocational training and a long history of unemployment. these people are known as?
Firms have routinely turned down work to individuals with little education or vocational training and a long history of unemployment. these people are known as Hardcore unemployed.
Vocational training is training to prepare to work as an engineer or to begin working as a craftsman or craftsman. In vocational training, students complete specialized courses as well as practical training through internships and fieldwork. For example, dental hygienists acquire their skills through practice hours, while veterinary technicians complete labs and internships at veterinary clinics.
Occupation may be working outside the professional field of activity. For example, merchants work as godparents for young people or as Sunday school teachers. Teachers may have callings as mentors or worship leaders.
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what is an example of a slogan?we do the work so you don’t have to.we do the work so you don’t have to.why buy a lesser product for twice the money?why buy a lesser product for twice the money?who doesn’t want to look like a movie star?who doesn’t want to look like a movie star?don’t be the last on your block.
what is an example of a slogan?we do the work so you don’t have to. Is an example of an slogan.
What is slogan?
A slogan is "a brief and striking or memorable statement used in advertising," according to the Oxford Languages, which is a very accurate definition of a slogan. These "mottos" are used in marketing efforts to help sum up why your company, brand, product, or service is so fantastic and what makes you different.
Therefore,
what is an example of a slogan?
we do the work so you don’t have to. Is an example of an slogan.
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kurt won a lottery and will receive $1,000 a year for the next 50 years. the current value of these winnings is called t
Kurt won a lottery and will receive $1,000 a year for the next 50 years. The current value of his winning today discounted at his discount rate is called present value.
What is a Discount rate?
A discount rate is the rate of return used in corporate finance to reduce future cash flows to their present value. This rate is sometimes referred to as a company's Weighted Average Cost of Capital, needed rate of return, or hurdle rate, which refers to the rate of return investors must achieve relative to the risk involved in the investment. In a Discounted Cash Flow analysis, the Net Present Value of a company is determined using a discount rate. Additionally, it is used for:
Include the concept of time worth of money.Consider the investment's level of risk.Invest in several investing strategies.Learn more about Discount rate here:
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In the decision-making process, which one of the following actions comes directly after the act of generating alternative solutions?
In the decision-making process, the actions that come directly after the act of generating alternative solutions is determining the respective suitability of each alternative
This is further explained below.
What is the decision-making process?Generally, The act of determining a course of action after recognizing a problem, collecting relevant data, and weighing the pros and cons of potential solutions is referred to as decision making.
You will be able to make choices that are more careful and thoughtful if you use a step-by-step decision-making process since it will help you organize important information and define alternatives.
In conclusion, During the process of making a choice, the activities that follow immediately after the act of producing alternative solutions are the actions that occur directly after that act of judging the relative acceptability of each option.
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ace electronics paid $4,000 of the $5,000 its employees had earned during the period. ace electronics should report wages expense of $5,000 on the income statement and wages payable of on the balance sheet prepared in accordance with generally accepted accounting principles.
The correct answer is $5,000;$1,000;$4,000
Cash, the sole fully liquid asset, is shown last among the assets in the order of permanence, with fixed assets appearing before current assets. The revenue recognition principle and the matching principle are two ideas, or principles, that the accrual method of accounting uses.
Assets equal Liabilities plus Owners' or Stockholders' Equity in the accounting equation. Three of the five so-called "accounting elements"—assets, liabilities, and equity—are present in this equation.
One of the three key financial statements that summarises a company's financial performance for a given accounting period is the income statement, together with the balance sheet and the statement of cash flows.
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