In the marketing communication process, the sender refers to the company or person who has information to convey.
Basic model of communication -1. Sender - A sender, also called a source, is someone who has a message to deliver. For example, a company or brand manager could be the sender. Ensuring that the source or sender is real and trustworthy is important in the marketing process. Also, the source can be direct or indirect.
2. Encoding - The sender encodes the idea into the message. For example, a brand manager decides to promote a new product.
3. Message – Based on the sender's idea, the marketer creates an effective message that is clear and effective enough to achieve the communication goal.
4. Recipients - Recipients are people or groups with whom the sender intends to exchange and share messages. For example, a customer is a corporate recipient.
5. Decode - Upon receiving the message from the sender, the receiver decodes the message. It is important here that the sender and receiver have a common experience in order for the message to be decrypted at the receiver as intended.
6. Feedback - Feedback is the investigation and evaluation of how accurately the intended message was delivered to the recipient. Market research is a method of collecting feedback from recipients.
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Which of the following statement(s) is/are TRUE?
I. The EAR can never exceed the APR
II. The APR can never exceed the EAR
III. The APR and EAR can never be equal
Which of the following would an auditor most likely use in determining the auditor's preliminary judgment about materiality for the financial statements as a whole?
A. The anticipated sample size of the planned substantive procedures.
B. The entity's year-to-date financial results and position
C. The results of the internal control questionnaire
D. The contents of the representation letter
An auditor would most likely use the entity's year-to-date financial results and position in determining the auditor's preliminary judgment about the materiality of the financial statements as a whole. Here option B is the correct answer.
This is because materiality is a relative term and is based on the specific circumstances of the entity. The auditor would typically consider quantitative factors such as the size and nature of the financial statements, as well as qualitative factors such as the entity's industry, regulatory environment, and financial condition.
The entity's year-to-date financial results and position would provide important information about the entity's financial condition and performance, which would be a key consideration in determining materiality.
The anticipated sample size of the planned substantive procedures, the results of the internal control questionnaire, and the contents of the representation letter would be used in other aspects of the audit, but would not be the primary factors in determining materiality.
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TRUE OR FALSE a long-term contract under which a borrower agrees to make payments of interest and principal on specific dates.
A long-term contract under which a borrower agrees to make payments of interest and principal on specific dates is known as True. A bond is a long-term debt instrument issued by corporations, municipalities, and governments to raise funds from the public to finance capital expenditures, expansion projects, and debt refinancing.
It is a form of a loan in which the bond issuer receives money from the bondholder, and the bondholder receives fixed interest payments throughout the bond's life, as well as the principal amount back when the bond matures. Bonds are appealing to investors because they provide a predictable stream of income and are less risky than stocks.
The price of a bond is determined by a number of variables, including prevailing interest rates, the bond's creditworthiness, the bond's coupon rate, and the bond's maturity date. The price of a bond is inversely proportional to the prevailing interest rates. As interest rates increase, bond prices fall, and as interest rates decline, bond prices rise. The longer a bond's maturity, the greater its interest rate risk, and the more volatile its price. Bonds are classified as investment-grade or junk bonds based on their creditworthiness.
Investment-grade bonds have a low default risk and are issued by firms with a high credit rating. Junk bonds have a higher default risk and are issued by firms with a low credit rating. As a result, investment-grade bonds pay a lower interest rate than junk bonds, which pay a higher interest rate. The term "fixed income" refers to the interest payments that bondholders receive at regular intervals throughout the bond's life. The income generated by bonds is taxed differently depending on the bond's issuer and the investor's tax status.
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Which statement regarding a long position in a stock versus a short position in the same stock is most accurate?
a) The short position has more risk because it can lose far more than the money invested
b) The long position has more risk because it can lose all the money invested
c) Neither position has significant risk if strong stocks are chosen
d) The positions are equally risky as both are based on the same stock
The statement regarding a long position in a stock versus a short position in the same stock is most accurate The positions are equally risky as both are based on the same stock option d is correct.
A long position in a stock is a bet that the stock price will rise in the future, allowing the investor to sell the stock at a profit. It is a bullish position. A short position in a stock is a bet that the stock price will fall in the future, allowing the investor to buy the stock back at a lower price and profit from the difference. It is a bearish position.A long position in a stock is not considered as risky as a short position because the stock's price cannot fall below zero, and the investor only loses the money they have invested in the stock. In contrast, a short position has potentially unlimited losses if the stock price rises instead of falls as the investor expected. The short seller must buy back the stock at a higher price than they sold it, resulting in a loss of money.Therefore, the statement that best describes the difference in risk between a long position in a stock versus a short position in the same stock is that a short position is riskier than a long position.For more such question on profit
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Fill in the missing cells to calculate GDP using the expenditure approach: Personal consumption expenditures (C) $8707.8 Gross private domestic investment (I) 2077.2 Exports(X) 1309.4 Imports (M) 2023.9 Net exports of goods and services Government consumption expenditures and gross investment (G) 2363.4 Gross Domestic Product (GDP)
The value of GDP is $14,120.4. using the expenditure approach: Personal consumption expenditures (C) $8707.8 Gross private domestic investment (I) 2077.2 Exports(X) 1309.4 Imports (M) 2023.9 Net exports of goods and services Government consumption expenditures and gross investment (G) 2363.4 Gross Domestic Product (GDP)
The missing cells to calculate GDP using the expenditure approach are as follows:
Personal consumption expenditures (C) $8707.8
Gross private domestic investment (I) 2077.2
Exports (X) 1309.4
Imports (M) 2023.9
Net exports of goods and services (NX) -714.5
Government consumption expenditures and gross investment (G) 2363.4
Gross Domestic Product (GDP) $14,120.4
To calculate GDP using the expenditure approach, we need to use the formula:
GDP = C + I + G + (X - M)
The values given in the question are as follows:
Personal consumption expenditures (C) = $8707.8
Gross private domestic investment (I) = $2077.2
Exports (X) = $1309.4
Imports (M) = $2023.9
Net exports of goods and services
(NX) = X - M
= $1309.4 - $2023.9
= -$714.5
Government consumption expenditures and gross investment (G) = $2363.4
Now, let's substitute these values in the formula to calculate GDP:
GDP = C + I + G + (X - M)GDP
= $8707.8 + $2077.2 + $2363.4 + (-$714.5)GDP
= $14,120.4
Therefore, the value of GDP is $14,120.4.
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Does advertising increase sales?
By informing current and future customers about your new product launches, exclusive deals, and enhancements, advertising can boost sales.
To what extent does advertising affect sales?Even while advertising expenditures are on the rise, sales may not necessarily increase. Every continuing marketing initiative is ineffective to some extent. Even while occasionally changes to the product, the target market, the media, or the creativity may have an impact on sales, more advertising does not directly affect sales.
Why is marketing so important to sales?The effectiveness of advertisements depends on the factors they support. Creative message, the quality of the products, user experiences, the brand story, the price, the promotion, the endorsement, etc. are all important factors in advertising. A compelling tale can get more attention through advertising, but not more. Poor-quality products or subpar customer service will not be promoted in advertisements.
Boost consumer awareness of your company and brand. Your products or services should be marketed with their benefits in mind. Offer additional details regarding your company. Increase sales and demand.
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a market shortage results from an excess of quantity over quantity at a given price. (insert one word in each blank.)
A surplus of quantity demanded leads to a shortfall.
How would you define shortage?A shortage occurs when there is an imbalance between supply and demand for a good or service. The economy is considered to be in a condition of disequilibrium when this happens. This circumstance often only lasts a short while before the product is supplied and the market returns to normal. In terms of economics, a shortfall or excess demand occurs when the demand for a good or service in a market outweighs the supply. It is the antithesis of an abundance of something.
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Good A has 5 substitutes, Good B has 10 substitutes, good C has 15 substitutes, and Good D has 20 substitutes. Other things being equal, the good with the greatest price elasticity of demand is: Good A. Good B. Good C. Good D.
Good D in this instance has 20 substitutes, making it the right choice.
How does the replacement impact change the demand curve?The main mechanism of the substitution effect is that if the price of a good rises relative to its substitute, more of the substituted good will be demanded. Conversely, less of the given good will be demanded.
The drop in sales of a product brought on by consumers switching to less inexpensive replacements as the product's price rises is known as the substitution effect. Although there are many potential causes for a product losing market share, thriftiness is the sole factor that can be reflected in the impact of substitution.
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24. A complete successful telephone contact has four basic parts:
a. name, the position, the job number, the location
b. name, the position, salary and work hours
c. name, the position, days and hours worked
name, the position, the hook and the goal
d.
Explanation:
name, the position, the job number, the
Mark has just been fired as the university bookstore manager for setting prices too low (only 20 percentabove suggested retail). He is considering opening a competing bookstore near the campus, and he hasbegun an analysis of the situation. There are two possible sites under consideration. One is relativelysmall while the other is large. If he opens at Site 1 and demand is good, he will generate a profit of$50,000. If demand is low, he will lose $10,000. If he opens at Site 2 and demand is high he willgenerate a profit of $80,000, but he will lose $30,000 if demand is low. He also has decided that he willopen at one of these sites. He believes that there is a 60 percent chance that demand will be high. Heassigns the following utilities to the different profits:
U(50,000) = 0.72 U(-10,000) = 0.22
U(80,000) = 1 U(-30,000) = 0
Using expected utility theory, what should Mark do?
Mark should open his bookstore at Site 1.
How to determine and what is utility?
To determine what Mark should do using expected utility theory, we need to calculate the expected utility (EU) of each option and choose the one with the highest EU.
Let's start by calculating the EU for opening at Site 1:
EU(Site 1) = (0.6 x U(50,000)) + (0.4 x U(-10,000))
= (0.6 x 0.72) + (0.4 x 0.22)
= 0.516 + 0.088
= 0.604
Now let's calculate the EU for opening at Site 2:
EU(Site 2) = (0.6 x U(80,000)) + (0.4 x U(-30,000))
= (0.6 x 1) + (0.4 x 0)
= 0.6
Comparing the two EU values, we see that the EU for opening at Site 1 is higher than the EU for opening at Site 2. Therefore, according to expected utility theory, Mark should open his bookstore at Site 1.
Utility is a concept in economics and decision theory that represents the satisfaction or happiness a person derives from consuming or experiencing something. It is a subjective measure that varies from person to person and can change based on the individual's preferences, needs, and circumstances.
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salesforce recruitment and selection, training, and motivation and compensation are all part of the
Answer:
Sales force management is a specialized form of personnel management wherein the sales managers plan and execute the recruitment, selection, training, motivation, compensation and evaluation processes pertaining to the sales personnel in an organization.
TRUE/FALSE.Lack of trust in online sellers is one of the most frequently cited reasons that some consumers are not willing to purchase online.
True, One of the most commonly cited reasons why some customers are unwilling to make purchases online is a distrust in internet retailers.
What exactly do you understand by online vendors?Several duties are performed by online retailers. The information is posted online when the artefacts have been photographed and described. They accept payments, issue orders, and compute total purchase prices, taxes, and shipping expenses. Also, they engage with clients to respond to inquiries or address issues.
You must apply for just a tax ID in order to legitimately sell goods online (number). After that, make sure you are capturing and disclosing all necessary state and local sales taxes.
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a. Collect at least FIVE (5) RELATED newspaper report ‘AND / OR’ research articles dated as further as YEAR: 2017.
"Dis-ney announces plan to launch streaming service in 2019, ending deal with Net-flix" (CNN, August 2017). "Net-flix Is Eating Up More of the Internet. So What?" (Wired, April 2017)
Explain the importance of Newspaper.Newspapers provide readers every detail, no matter how minute. Additionally, it assists us in being knowledgeable citizens. Newspapers inform us of any adjustments to the nation's laws and regulations. Also, they are incredibly educational for students. People's knowledge of current events, both locally and globally, is greatly influenced by newspapers.
"Ama-zon Prime Video is Winning the Streaming Battle, According to a New Survey" (Fort-une, September 2017)
"Hu-lu's Live TV Streaming Service is Here and It Looks Like a Real Game Changer" (Giz-modo, May 2017)
"You-Tube TV Launches With All Major Broadcasters" (For-bes, April 2017).
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fill in the blank. ___ is when former policy makers transition to become lobbyists. group of answer choices trading places mobilization the revolving door rotation
The Revolving door is when former policy makers transition to become lobbyists.
The revolving door is the concept of people transitioning between working in the government and in the private sector, particularly lobbying. This usually occurs when former government officials, elected representatives, or their staff members begin to work as lobbyists.
This transition often results in lobbying efforts that are focused on influencing or changing government policies, regulations, or laws. This process is known as the revolving door because of how often individuals move back and forth between the two sectors, causing a revolving effect.
Policy-makers who have experience and knowledge about the workings of the government are often employed as lobbyists by private sector companies or interest groups. This allows them to use their connections and inside knowledge of the government's workings to influence policy decisions in favor of their employers.Lobbyists, on the other hand, may use their experience and connections in the private sector to secure jobs in government or with elected officials.
This can lead to lobbying efforts to benefit their employers or clients, using their position to gain influence in government decision-making.The revolving door is a controversial concept because it can be seen as a conflict of interest, where policy-makers and lobbyists prioritize their personal interests over the public interest. It can also result in the undue influence of corporations and interest groups in the government's decision-making process.
In conclusion, the revolving door is when former policy-makers transition to become lobbyists. It is a process of people transitioning between working in the government and in the private sector, particularly lobbying. It is controversial because it can be seen as a conflict of interest and can result in undue influence.
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fill in the blank. when a firm wants to limit the decision-making burden for top management, the firm should choose___for its decision-making.
In the following question, in the missing blank, When a firm wants to limit the decision-making burden for top management, the firm should choose "decentralization" for its decision-making.
Decentralization is the method of delegating decision-making authority to lower-level executives. The main goal of decentralization is to ensure that decisions are made more quickly and effectively and that those closest to the problem have the authority to solve it.
Therefore, when a firm wants to limit the decision-making burden for top management, it should choose decentralization for its decision-making process. In a decentralized system, the decision-making authority is distributed throughout the organization to individuals and groups closest to the issue being considered.
This approach enables a firm to react more quickly to changing circumstances while reducing the amount of top management's involvement in the decision-making process.
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which of the following etfs (exchange traded funds) provides exposure to 500 u.s. large-capitalization companies?
The ETF that provides exposure to 500 U.S. large-capitalization companies is d. Diamonds, also known as the SPDR Dow Jones Industrial Average ETF. (Option A)
What is the explanation for the above response?The ETF that provides exposure to 500 U.S. large-capitalization companies is d. Diamonds, also known as the SPDR Dow Jones Industrial Average ETF. The other ETFs mentioned are as follows:
a. Spider - SPDR S&P 500 ETF Trust: provides exposure to the S&P 500 Index, which includes 500 large-cap US stocks.
b. Clubs - iShares Russell 2000 ETF: provides exposure to small-cap US stocks.
c. Cubes - Invesco QQQ Trust: provides exposure to the NASDAQ-100 Index, which includes 100 large-cap technology and growth-oriented US stocks.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
Which of the following ETF' s (exchange trtxied fund) provides exposure to 500 U.S. Iarge-capitalization companies?
a. Spider b. Clubs c. Cubes d. Diamonds
which of the following organizations would fall into the category of a cartel because it sets prices and production level for the industry?
OPEC (Organization of the Petroleum Exporting Countries) because it sets prices and production level for the industry.
What is OPEC ?The Organization of the Petroleum Exporting Countries (OPEC) refers to a group of 13 countries that are the world's largest oil exporters. OPEC was established in 1960 to coordinate the oil policies of its member countries and to provide technical and economic assistance to them. OPEC is a cartel that aims to control oil supply in order to fix the price of oil on world markets to avoid fluctuations that can affect the economies of both producing and purchasing countries.
OPEC members include Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela (the five founding countries), as well as Algeria, Angola, Congo, Equatorial Guinea, Gabon, Libya, Nigeria, and the United Arab Emirates.
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Union America Corporation (UAC) is planning to bid on a project to supply 150,000 cartons of machine screws per year for 5 years to the US Navy. In order to produce the machine screws UAC would have to buy some new equipment. The new equipment would cost $780,000 to purchase and install. This equipment would be depreciated straight line to zero over the five years of the contract. However, UAC thinks it could sell the equipment for $50,000 at the end of year 5. Fixed production costs will be $240,000 per year, and variable costs of production are $8.50 per carton. UAC would also need an initial investment in Net Working Capital of $75,000 at the beginning of this project. UAC has a cost of capital of 16% and a tax rate of 35%.
The project is predictive to produce a return that exceeds the cost of capital, the NPV is favorable, and UAC ought to submit a bid.
Which project-related statement is accurate?A project is a significant, practical unit of work with educational value that is intended to achieve one or more specific learning goals. It involves problem-solving and investigation.
Initial investment = $780,000 + $75,000 = $855,000
Annual cash flow = (Revenue - Variable cost - Fixed cost - Depreciation) * (1 - Tax rate)
Year 1: ($1,275,000 - $8.50150,000 - $240,000 - $156,000) * (1-0.35) = $467,625
Year 2: ($1,275,000 - $8.50150,000 - $240,000 - $156,000) * (1-0.35) = $467,625
Year 3: ($1,275,000 - $8.50150,000 - $240,000 - $156,000) * (1-0.35) = $467,625
Year 4: ($1,275,000 - $8.50150,000 - $240,000 - $156,000) * (1-0.35) = $467,625
Year 5: ($1,275,000 - $8.50*150,000 - $240,000 - $156,000 + $50,000) * (1-0.35) = $615,000
The total of the annual cash flows' present values less the initial investment makes up the project's net present value (NPV). The present value component for every year with a discount rate of 16% is:
Year 1: 1/(1+0.16) = 0.8621
Year 2: 1/(1+0.16)² = 0.7434
Year 3: 1/(1+0.16)³ = 0.6412
Year 4: 1/(1+0.16)⁴ = 0.5523
Year 5: 1/(1+0.16)⁵ = 0.4753
Plugging in the numbers, the NPV of the project is:
NPV = -$855,000 + $467,6250.8621 + $467,6250.7434 + $467,6250.6412 + $467,6250.5523 + $615,000*0.4753
NPV = $78,402.41.
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two advantages of a small business
Answer:
independence and control unlimited finacial benefits
Answer:
Being a business owner can be extremely rewarding. Having the courage to take a risk and start a venture is part of the American dream. Success brings with it many advantages:
Independence:
As a business owner, you’re your own boss. You can’t get fired. More importantly, you have the freedom to make the decisions that are crucial to your own business success.
Lifestyle:
Owning a small business gives you certain lifestyle advantages. Because you’re in charge, you decide when and where you want to work. If you want to spend more time on nonwork activities or with your family, you don’t have to ask for the time off. If it’s important that you be with your family all day, you might decide to run your business from your home. Given today’s technology, it’s relatively easy to do. Moreover, it eliminates commuting time.
Financial rewards:
In spite of high financial risk, running your own business gives you a chance to make more money than if you were employed by someone else. You benefit from your own hard work.
Learning opportunities:
As a business owner, you’ll be involved in all aspects of your business. This situation creates numerous opportunities to gain a thorough understanding of the various business functions.
Creative freedom and personal satisfaction:
As a business owner, you’ll be able to work in a field that you really enjoy. You’ll be able to put your skills and knowledge to use, and you’ll gain personal satisfaction from implementing your ideas, working directly with customers, and watching your business succeed.
Which of the following is an action borrowers take to temporarily lower the interest rate on their mortgage loan? Buydown Down payment. Gap financing
correct option is Buydown - "Buydown." In order to temporarily lower the interest rate on their mortgage loan, consumers might buydown.
In order to temporarily lower the interest rate on their mortgage loan, consumers might buydown. In this type of mortgage financing, the lender receives an advance payment from the borrower in exchange for a short-term reduction in the loan's interest rate. The upfront payment is then used by the lender to temporarily reduce the borrower's mortgage payments.
As a result, the borrower will initially pay less each month for their mortgage, but ultimately pay more as soon as the buydown time is through and the interest rate on the loan returns to its previous level.
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Mario doesn't want to include a religious preference in his listing ad, so which of the following phrases should he use?
Apartment available for members of attached temple
Close to Catholic cathedral
Jewish community
Within walking distance to a mosque
Which of the following words should Mario use in his advertising ad if he doesn't want to specify his religious affiliation Apartment available for members of adjacent temple
Mario and his family must speak with other foreigners living in Japan, study books in Japanese, view films in Japanese, and interact with Japanese people in order to become accustomed to life in Japan.
We can determine this response because:
Foreigners need to interact with everything from the new nation in order to acclimatise to living there.
In this situation, foreigners are required to read, watch, and speak in the new language in addition to attending classes.
For this adaptation to occur more quickly, contact and guidance from other foreigners are also necessary.
Under this situation, it may be said that Mario and his family will need to adjust to Japanese culture. The verbs are the words that describe the actions they must carry out.
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FILL IN THE BLANK. A(n)_____sexual harassment occurs when a______sexual favors for a job promotion. hostile environment; CEO affirmative action; supervisor O quid pro quo; supervisor business necessity, supervisor Question
In the following question, The correct answer to the given blank spaces is A "quid pro quo" sexual harassment occurs when a "supervisor" sexually favours a job promotion. hostile environment.
What is sexual harassment? Sexual harassment can occur in the workplace, school, or any other environment where people interact. It refers to any unwelcome conduct of a sexual nature that makes an individual feel uncomfortable, threatened, humiliated, or vulnerable. Sexual harassment can take various forms, such as physical or verbal, explicit or implicit, or in person or online. It is a form of discrimination and a violation of human rights. A type of sexual harassment
A type of sexual harassment called quid pro quo harassment occurs when an employee is required to do something sexual in exchange for something else, such as a job, a promotion, or other employment benefits. It's an explicit or implicit promise that an individual's job or other employment-related benefits will be dependent on whether or not they comply with sexual demands.
Quid pro quo is Latin for "this for that," and it's a common concept in negotiations. In the context of sexual harassment, it's when a manager or other person with authority uses that authority to demand or encourage sexual favours from an employee in exchange for something else such as promotions, a good job report, or a better work schedule.
Such forms of conduct are unlawful and contrary to the principles of equal employment opportunity. Such harassment may be accompanied by retaliatory behaviour towards the employee. Thus, it is essential to prevent such harassment in the workplace.
Employers must provide awareness to their employees about sexual harassment, and their respective rights and remedies against it.
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Calculate total GDP for this economy given the following components of supply. Round your answer to the nearest tenth and enter the value in trillions of dollars (i.e.
5×x×
trillion).
According to the question the total GDP for this economy is 18.2 trillion dollars.
What is GDP?GDP stands for Gross Domestic Product and is a measure of the size of a country’s economy. It is the total market value of all goods and services produced within a country’s borders over a specific period of time, usually a year. It is used to measure the economic performance of a country and to compare the relative wealth of different countries. GDP includes all public and private consumption, government spending, investments, and exports minus imports.
The total GDP for this economy can be calculated by summing the components of supply.
Total = Durable goods + Nondurable goods + Services + Structures + Change in inventories
Total = 3.21 + 2.55 + 11.12 + 1.76 + 0.56
Total = 18.2 (trillions of dollars)
Therefore, the total GDP for this economy is 18.2 trillion dollars.
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Complete Question:
Calculate total GDP for this economy given the following components of supply. Round your answer to the nearest tenth.
Components of GDP on the Supply Side(in trillions of dollars)
Durable goods 3.21
Nondurable goods 2.55
Services 11.12
Structures 1.76
Change in inventories 0.56
Total ?
FILL IN THE BLANK. A ____ shows how a feature can be helpful to a buyer, but does not relate to a specific need expressed by the buyer.
A demonstration is a type of presentation that shows how a product or feature can be helpful to a buyer, but does not relate to a specific need expressed by the buyer.
Demonstrations are designed to provide the buyer with a better understanding of the product, its capabilities, and the features it offers. Demonstrations can be used to educate the buyer, highlight the advantages of the product, and convince them to purchase the product. They can also provide insights into how a product or feature could be used to meet the buyer’s needs in the future. Demonstrations may include visual presentations such as videos, slideshows, or interactive tools, as well as live presentations, Q&A sessions, and product trials.
The goal of a demonstration is to provide the buyer with an accurate and comprehensive understanding of the product, its features, and how it could be used to meet their needs.
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According to economic theory, what type of company is Walmart? Make reference to
microeconomic theory
Answer: Walmart is a retail firm. It buys goods from suppliers and then sells them to consumers for a profit.
Explanation:
For questions 3-5, choose the letter of the diagram in figure 2.1 that best describes the type of shift that would occur in each situation for the US smart phone market, ceteris paribus. Figure 2.1 The price of computer chips increase, which causes a significant increase in the cost of smart phones. a
b
C
d
The increase in the income of every consumer shifts the demand curve to the right thus creating a shortage at the initial price. The correct Answer is option D.
Had there been a change in the price we move along the Demand curve. The demand curve is shifted when there is a change in preference, income or other determinants that are responsible for shifting the demand curve.
A demand curve is a graph in economics that depicts the relationship between the price of a commodity (the y-axis) and the amount of that product that is wanted at that price (the x-axis). Demand curves can be used to model the price-quantity connection for a single customer (an individual demand curve) or for all consumers in a given market (a market demand curve) (a market demand curve).
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Full Question: For questions 3-5, choose the letter of the diagram in figure 2.1 that best describes the type of shift that would occur in each situation for the US smart phone market, ceteris paribus. Figure 2.1
The price of computer chips increase, which causes a significant increase in the cost of smart phones.
a
b
C
d
Image Attached
Miller Company’s contribution format income statement for the most recent month is shown below:
Total Per Unit
Sales (41,000 units) $ 246,000 $ 6.00
Variable expenses 123,000 3.00
Contribution margin 123,000 $ 3.00
Fixed expenses 47,000
Net operating income $ 76,000
1. What is the revised net operating income if unit sales increase by 19%?
2. What is the revised net operating income if the selling price decreases by $1.10 per unit and the number of units sold increases by 15%?
3. What is the revised net operating income if the selling price increases by $1.10 per unit, fixed expenses increase by $9,000, and the number of units sold decreases by 4%?
4. What is the revised net operating income if the selling price per unit increases by 10%, variable expenses increase by 30 cents per unit, and the number of units sold decreases by 15%?
An incοme statement is a financial statement that details the incοme and expenses οf a firm. It alsο shοws whether a cοmpany is making prοfit οr lοss fοr a given periοd , Sο the Net Operating Incοme = $88,546
What is the incοme statement fοrmula?An incοme statement's fundamental fοrmula is Revenues - Cοsts = Net Incοme. This simple calculatiοn determines whether οr nοt the firm is prοfitable. A firm is prοfitable if its sales exceed its cοsts.
Units Sοld = 41,000 + 16% * 41,000
Units Sοld = 47,560
Selling Price per unit = $6.00
Variable Cοst per unit = $3.00
Fixed Expenses = $47,000
Cοntributiοn Margin per unit = Selling Price per unit - Variable Cοst per unit
Cοntributiοn Margin per unit = $6.00 - $3.00
Cοntributiοn Margin per unit = $3.00
Net Operating Incοme = Cοntributiοn Margin per unit * Units Sοld - Fixed
Expenses
Net Operating Incοme = $3.00 * 47,560 - $47,000
Net Operating Incοme = $95,680
Requirement 2:
Units Sοld = 41,000 + 15% * 41,000
Units Sοld = 47,150
Selling Price per unit = $6.00 - $1.10
Selling Price per unit = $4.90
Variable Cοst per unit = $3.00
Fixed Expenses = $47,000
Cοntributiοn Margin per unit = Selling Price per unit - Variable Cοst per
unit
Cοntributiοn Margin per unit = $4.90 - $3.00
Cοntributiοn Margin per unit = $1.90
Net Operating Incοme = Cοntributiοn Margin per unit * Units Sοld - Fixed
Expenses
Net Operating Incοme = $1.90 * 47,150 - $47,000
Net Operating Incοme = $42,585
Requirement 3:
Units Sοld = 41,000 - 3% * 41,000
Units Sοld = 39,770
Selling Price per unit = $6.00 + $1.10
Selling Price per unit = $7.10
Variable Cοst per unit = $3.00
Fixed Expenses = $47,000 + $5,000
Fixed Expenses = $52,000
Cοntributiοn Margin per unit = Selling Price per unit - Variable Cοst per unit
Cοntributiοn Margin per unit = $7.10 - $3.00
Cοntributiοn Margin per unit = $4.10
Net Operating Incοme = Cοntributiοn Margin per unit * Units Sοld - Fixed
Expenses
Net Operating Incοme = $4.10 * 39,770 - $52,000
Net Operating Incοme = $111,057
Requirement 4:
Units Sοld = 41,000 - 13% *
41,000Units Sοld = 35,670
Selling Price per unit = $6.00 + 20% * $6.00
Selling Price per unit = $7.20
Variable Cοst per unit = $3.00 + $0.40
Variable Cοst per unit = $3.40
Fixed Expenses = $47,000
Cοntributiοn Margin per unit = Selling Price per unit - Variable Cοst per unitCοntributiοn Margin per unit = $7.20 - $3.40
Cοntributiοn Margin per unit = $3.80
Net Operating Incοme = Cοntributiοn Margin per unit * Units Sοld - Fixed Expenses
Net Operating Incοme = $3.80 * 35,670 - $47,000
Net Operating Incοme = $88,546
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TRUE OR FALSE Employees in countries that rank high on power distance are more likely to prefer a consultative, participative leadership style.
The given statement " Employees in countries that rank high on power distance are more likely to prefer a consultative, participative leadership style" is True because Power distance is the extent to which people in a culture accept an unequal distribution of power.
Countries that rank high on power distance, such as China and Malaysia, tend to have a hierarchical society, in which individuals have clearly defined roles and expectations. This kind of culture prefers a consultative and participative leadership style, in which the leader takes into account their subordinates’ opinions and ideas. A leader in a high-power distance culture is seen as someone who helps those below them to make decisions rather than taking decisions unilaterally. Such a leader is often seen as more trustworthy and respected than a leader who uses a top-down approach.
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the zachs own a landlock tract of land. when they bought it from the albhams, who owned the full tract, the did not obtain an easement.
The Zachs own a landlocked tract of land. When they bought it from the Albhams, who owned the full tract, they did not obtain an easement. In order to understand what a landlocked tract of land is and what easements are, we must first define these terms.What is a landlocked tract of land
When a parcel of land has no access to a public right-of-way or thoroughfare, it is known as a landlocked tract of land. This implies that the owner of the landlocked parcel has no direct access to a public street, road, or highway.What is an easement?An easement is a right-of-way granted to someone other than the landowner to use a portion of the land for a particular reason, such as a shared driveway or access to a water source. easement may be granted by agreement or by statute, and they can be either express or implied.Express easements are those that are stated in writing and are recorded in public records, whereas implied easements are those that are not expressly stated in writing but are inferred from the actions or conduct of the parties involved.In this case, since the Zachs' land is landlocked, they will require an easement to access it. They could acquire the necessary easement from the Albhams, who own the adjacent land, or from another landowner who has a road or driveway that passes through or near the landlocked parcel. If they are unable to get an easement, the Zachs may file a lawsuit to seek a court order allowing them to create an easement through another's property.
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16. El Dorado Tire Company fired Bill Ballard, a sales execu-
tive. Ballard had a five-year contract with El Dorado but
was fired after only two years of employment. Ballard
sued El Dorado for breach of contract. El Dorado claimed
that any damages due to breach of the contract should be
mitigated because of Ballard's failure to seek other employ-
ment after he was fired. El Dorado did not provide any
proof showing the availability of comparable employment.
Explain whether El Dorado is correct in its contention.
Prevention of harm. Judgment for Ballard. In most cases, an employee's damages for the employer's breach of contract will be lessened by the amount she would earn if she found a similar job right away.
When does the company have the right to sue their previous employer for damages?For the following reasons, the company is entitled to compensation from their previous employer:
There was no evidence that the employer provided equal employment opportunities. The company did not have any evidence to indicate whether the employee they fired could find a comparable position elsewhere.As a result of the company's breach, they are entitled to be fired by their employer before the end of their contract term in a position of comparable value and performance.Damages mitigation. Ballard wins the verdict. The usual rule is that the amount an employee would make if she secured comparable work right away after termination will be used to offset the employee's damages for the employer's breach of contract. Yet, it is the violating party's responsibility to demonstrate the existence of such employment. The defendant must bring up the question of mitigation and demonstrate the accessibility of work that is similar. This implies that the only way El Dorado could satisfy its burden of proof was to demonstrate the existence of a managerial-type role in the tire sector. The regulation requiring the employer to demonstrate the availability of comparable jobs would be meaningless if the opposite were true. This requirement was not met by El Dorado.
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