The given problem lacks the data about the price of the single product. However assuming that the selling price is similarly $44 which I got from other references, then we can now calculate for the net change of the monthly operating income.
So to solve for the change, we use the formula:
Change in net operating income = Increase in units * Selling price – Increase in advertising budget
Change in net operating income = 170* $44 – $6,000
Change in net operating income = $1,480
Since the change is positive, then it is a good decision to increase the monthly advertising budget by $6,000.
The pdca cycle is part of _____. deming management applying the rater dimensions management by exception six sigma statistical process control
The PDCA (Plan-Do-Check-Act) cycle is part of the Deming management method, which is used for process improvement and continuous improvement in business management.
Explanation:The PDCA cycle, which stands for Plan-Do-Check-Act, is a part of the Deming management method. Named for William Edwards Deming, who was a proponent of this method, the process is also referred to as the Deming Wheel or the Deming Cycle. The principle of the PDCA cycle is to plan the actions necessary for process improvement, do or implement these actions, check the results, and act or fine-tune the process based on these results. This cyclical approach to management is a great technique for problem-solving and continuous improvement.
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Bitstar global inc. is a soft drink manufacturing company. kelly, the production manager, designs a new work flow for the production unit. she is confident that the new work flow design will help increase the unit's productivity and efficiency. if kelly is at the last stage of analyzing the work flow, she is _____.
what is a major drawback of sole proprietorship?
The major drawback of a sole proprietorship is the unlimited personal liability involved. The owner is personally responsible for all debts and obligations related to the business. In case the business fails or faces legal issues, the owner's personal assets could be at risk.
Explanation:In terms of business models, sole proprietorship can present some particular challenges. One major drawback is the unlimited personal liability involved. In a sole proprietorship, there is no legal differentiation between the owner and the business. Therefore, the owner is personally responsible for all debts and obligations related to the business. In case the business fails or faces legal issues, the owner's personal assets (such as home, savings, and car) could be at risk to cover the business' debts and lawsuits. This level of risk associated with a sole proprietorship is significantly higher than other business structures, such as corporations or limited liability companies (LLCs), where business and personal assets are legally separated.
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The major drawback of a sole proprietorship is unlimited liability and competition. The owner's personal assets can be used to cover business debts, and competition may reduce profits possibly leading to business closure. Also, it has fewer funding alternatives.
Explanation:A major drawback of a sole proprietorship is the owner's unlimited liability. This means that if the business incurs debts or is sued, the owner's personal assets, such as their home and savings, can be used to settle the business's obligations. Another significant drawback is the competition from firms with better or cheaper products which can reduce a sole proprietorship's profits and, in the worst-case scenario, may drive it out of business.
Further, unlike corporations or limited companies, sole proprietors do not have the same ability to raise capital, as they cannot issue shares or bonds. This lack of funding alternatives can limit the growth and expansion of the business. Similarly, in a sole proprietorship, employees potentially face the risk of losing their income or even their jobs if the business fails.
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How does business practices affect the spending habit and budgeting practices?
When a country allows trade and becomes an importer of jet skis,
a. domestic producers of jet skis are better off, domestic consumers of jet skis are worse off, and the economic well-being of the country falls.
b. domestic producers of jet skis are worse off, domestic consumers of jet skis are better off, and the economic well-being of the country rises.
c. domestic producers of jet skis are better off, domestic consumers of jet skis are worse off, and the economic well-being of the country rises.
d. domestic producers of jet skis are worse off, domestic consumers of jet skis are better off, and the economic well-being of the country falls?
When a country becomes an importer of jet skis, domestic producers are worse off but domestic consumers are better off, leading to a rise in the economic well-being of the country.
Explanation:When a country allows trade and becomes an importer of jet skis, domestic producers of jet skis are worse off, domestic consumers of jet skis are better off, and the economic well-being of the country rises. This is because imported jet skis are usually cheaper than domestically produced ones, so consumers benefit from lower prices. However, domestic producers may struggle to compete with the cheaper imports, which can lead to job losses and reduced profits for them. Despite this, the overall economic well-being of the country can still rise because the benefits to consumers tend to outweigh the negative effects on producers.
Based on the five-factor model, michelle, who exhibits carelessness, negligence, and unreliability, demonstrates a lack of
A decrease in aggregate demand will generate _____ in real gdp and _____ in the price level in the short run. no change; an increase a decrease; no change a decrease; a decrease an increase; no change
Final answer:
A decrease in aggregate demand causes a decrease in both real GDP and the price level in the short run as spending falls and producers lower prices and production in response.
Explanation:
A decrease in aggregate demand will typically result in a decrease in both real GDP and the price level in the short run. This happens because when aggregate demand falls, there is less spending in the economy, which leads to a decrease in the demand for goods and services. Suppliers respond to this by lowering prices in an attempt to spur demand, but due to the lower demand, production also decreases, hence real GDP falls. Additionally, if the decrease in aggregate demand is significant, it can lead to an underutilization of resources, contributing further to a decrease in real GDP.
When considering an example such as a reduction in government purchases, holding other things constant, we see that this reduces aggregate expenditures, leading to a downward shift in the aggregate demand curve. The multiplier effect determines the total decrease in aggregate demand. The result of this shift is a fall in both real GDP and the price level since producers will have less incentive to supply at the previous price level.
In the case where people reduce their spending on foreign-produced goods and services, the immediate effect will likely be an increase in the demand for domestically produced goods and services, which could, in turn, lead to a rise in real GDP and potentially the price level, though the long-term effects would depend on a variety of factors including the elasticity of supply, changes in productivity, and the response of monetary and fiscal policies.
Pets store inc sells on terms of 1/15 net 85 what is the effective annyal cost of trade credit under these terms
Why the inflation-unemployment trade-off disappears in the long run?
Which best describes the purpose of the W-2 Form?
A. It shows how much a person paid in taxes, and how much more is due.B. It shows how much a person earned, and how much was withheld in taxes.C. It shows how much a person earned, and how much tax is to be refunded. D. It shows how much a person paid in taxes, and whether they have a spouse.
Answer:
B.) It shows how much a person earned, and how much was withheld in taxes.
Explanation:
The form is issued by an employer to its employees and is used to report the employee's wages and the taxes withheld from those wages.
Assuming the temptations to corruption are prevalent in all communities, individual officers are more likely to succumb if
Final answer:
Individual officers are more likely to succumb to corruption in environments where poverty, social disorganization, and cultural tolerance for such behavior are prevalent. A political culture that values personal gain or tradition over public service can further exacerbate this issue. Strengthening community ties and ethical standards is essential in combating corruption.
Explanation:
Individual officers are more likely to succumb to corruption if the social conditions around them are conducive to such behaviour. This can include factors such as poverty, social disorganization, the lack of moral and ethical frameworks within the community, and a culture of tolerance towards corrupt practices.
When communities exhibit a high level of collective failings — including a lack of opportunities, physical and moral pressures, and prevailing attitudes that diminish the nobility of public service — the check on individual behavior is weakened.
A political culture that is individualistic or traditionalistic may also contribute to a tolerance of corruption. In such environments, the value placed on public service is low, and the drive for personal gain or the adherence to traditional hierarchies may overshadow ethical considerations.
Conversely, a moralistic political culture could help foster a sense of duty and integrity among officers, reducing the likelihood of succumbing to corruption.
Furthermore, as depicted in the prisoner's dilemma scenario, trust and familiarity between 'suspects' can lead to cooperative behavior, even in contexts that may involve corrupt practices.
To combat these challenges, it is crucial to cultivate a culture of transparency, accountability, and community-oriented policing, which in turn increases the influence of the more 'cognizant individuals' to sway the collective towards ethical behavior.
The wet dog surf company borrows $32,000 for 4 months and will pay $1,120.00 interest . calculate wet dog's annual percentage interest rate (apr) (rounded to two decimal places).
Answer:
10.5%
Explanation:
Amount borrowed = 32,000
Interest amount = 1120 for 4 months
Interest paid in 12 months = 1120*3 = 3360
Interest %age = (3360/32000)*100
= 10.5%
________ refers to the additional revenue gained from selling one more unit.
Ron is a fourteen-year-old. he has an incredible memory which allows him to recall the contents of thousands of books verbatim after reading them just once. given that his iq score is 40 and his adaptive skills are poor, his sister helps him out with almost all the daily activities. ron is most likely to be a __________. savant
Summit sales corporation orders goods from overstock company. summit plans to market the goods to consumers generally. overstock identifies the goods. before they are shipped to summit, an insurable interest in the goods exists in
Summit Sales Corporation has an insurable interest in the goods ordered from Overstock Company once the goods are identified, as they stand to suffer a loss if the goods are damaged or destroyed before they receive them. Overstock also retains an insurable interest until the goods are delivered because they own the goods until the title is transferred.
In a transaction where the Summit Sales Corporation orders goods from the Overstock Company, the concept of insurable interest is an important principle in business law, particularly in regard to the sale of goods. An insurable interest in the goods exists when a party has a legal or equitable interest in the goods or would suffer a financial loss if the goods were damaged or destroyed.
In this scenario, Summit would have an insurable interest in the goods once Overstock identifies the goods, even before they are shipped to Summit. This is because Summit plans to market these goods to consumers, implying that they have a financial stake in the goods the moment they are specific to the contract. Therefore, Summit would experience a loss if the goods were to be damaged or lost before reaching them.
It is also likely that Overstock retains an insurable interest in the goods until they are delivered, as they own the goods and have not yet transferred title to Summit. Both parties may carry insurance to protect their interests during the period before delivery is completed. The existence of insurable interest is fundamental for the right to procure insurance on the goods.
Ben wants to file a complaint against a financial service company to report inappropriate use of the money he gave them to invest. With whom should Ben file complaint? Consumer Protection Office police Financial Bureau Consumer Financial Protection Bureau
Answer: consumer financial protection bureau
Explanation:
To say that the mean salary of a major league baseball player is $3.2 million is to say that
Nature's way, a health food store, has just opened in a popular neighborhood shopping center next to silver's gym, a physical fitness center catering to both men and women. nature's way is relying on which location principle?
A corporation issued 5,400 shares of $10 par value common stock in exchange for some land with a market value of $78,000. the entry to record this exchange is:
To record the issuance of 5,400 shares for land, debit Land for $78,000, credit Common Stock for $54,000, and credit Additional Paid-In Capital for $24,000.
Explanation:The question involves a corporate transaction where a company is issuing common stock in exchange for land. In accounting, such a transaction requires journal entries that reflect the exchange of assets. Given that 5,400 shares of stock with a $10 par value each are issued for land valued at $78,000, the entry on the corporation's books would be to debit (increase) the Land account for $78,000, and credit (increase) the Common Stock account for the par value of the shares, which is 5,400 shares times $10 per share, totaling $54,000. The difference between the land's market value and the par value of the shares, which is $78,000 - $54,000 = $24,000, is recognized in the Additional Paid-In Capital account to balance the transaction. Therefore, the journal entry would be:
Debit Land $78,000Credit Common Stock $54,000Credit Additional Paid-In Capital $24,000Licensee jake found a buyer for seller norm's house within three days of taking the listing. seller norm has now refused to sell. how does this impact licensee jake's compensation?
Which statement describes an event that would shift the nation’s PPC to the right? Nation X is a nation in South America. It is a beautiful island nation surrounded by clear blue sea on all sides. Nation X is known for being a safe country with low crime levels. Last year, nation X elected its first female president, Daniela Bertolini. Bertolini’s focus on affordable higher education and health care is the main reason for the public support she enjoys. Within three months of coming into office, Bertolini passed regulations that made college education available to students from low-income families. In December, Bertolini was voted the best South American president in an international poll. However, she is not the first female achiever to make nation X proud. In February, astronaut Andrea Martinez became the first South American woman in space.
Answer: Within three months of coming into office, Bertolini passed regulations that made college education available to students from low-income families.
Explanation: PPC stands for production possibilities curve. This curve changes based on the different options that can change the economy and what is done to actually change it. If a law was passed to give low-income families money for their children's college, there will be a shift showing the change in low-income students attending college.
Answer:
Within three months of coming into office, Bertolini passed regulations that made college education available to students from low-income families.
Explanation:
Adam is becoming annoyed because his car keeps breaking down, but he doesn't want to have to make payments on a new car. adam is experiencing __________. an avoidance-avoidance conflict. pressure. an approach-avoidance conflict. an approach-approach conflict.
Jurper corporation used $150,000 of direct materials during april. at the end of april, jurper's direct materials inventory was $25,000 more than it was at the beginning of the month. direct materials purchases during the april amounted to:
The largest cattle rancher in a given region will be unable to have a __________ when sufficient numbers of smaller cattle ranchers provide sources of competition
Answer:
the correct answer is monopoly
Explanation:
(econ1101)
Distinguish between the cos of having a basic checking account and an interest-bearing checking account
Chovita sports company evaluated a project as a low-risk project. chovita generally evaluates projects that are less risky than average by adjusting its required rate of return by 2 percent. if chovita expects 12% return on average risk projects, then it should expect a return of
"given an interest rate of 7.15 percent per year, what is the value at year t = 8 of a perpetual stream of $3,513 payments that begin at year t = 20"
In order to compute this value, the PMT that is displayed below must first be determined:
[tex]\text{= Payment} \div \text{interest rate}[/tex]
[tex]= \$3,513 \div 7.15\%\\\\= \frac{\$3,513}{7.15\%}\\\\= \frac{\$3,513 \times 100 }{7.15}\\\\= \frac{\$351,300 }{7.15}\\\\= \$ 49132.86[/tex]
Now the value at year 8 would be
[tex]= PMT \div (1 + \text{interest rate})^ \text{number of years} \\\\= \$49132.86 \div (1 + 7.15\%)^8\\\\= \$49132.86 \div (1 + \frac{7.15}{100})^8\\\\= \$49132.86 \div ( \frac{100+7.15}{100})^8\\\\= \$49132.86 \div ( \frac{107.15}{100})^8\\\\= \$49132.86 \div ( 1.0715)^8\\\\= \$49132.86 \div 1.7375\\\\= \frac{\$49132.86}{ 1.7375}\\\\=28277.90\\\\[/tex]
So, the value at date is [tex]\bold{\$28277.90 \approx \$28278}[/tex]
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Which factors affect your choice between claiming itemized deductions and the standard deduction?
I am trying to come up with good business name and I have many ideas on how to name the company?
Does it has to have a short name ( like Squishy, etc) that is very short and easy to spell but it is not related to business, OR have a longer name with a keyword included ( like Spongeify, etc)?
Choosing a business name depends on what you value more - uniqueness and memorability or explicit description of your offerings. A short name might stand out and be easily recalled, while a longer name with keywords can make your business and its services clearer. Consider your target audience and brand strategy when choosing.
Explanation:When choosing a name for your business, there are various aspects to consider. It does not necessarily need to be a short name. It could be a longer name with included keywords if it helps convey what your business does. That being said, a short, catchy name can be beneficial as it is easier to remember. It's important that the name resonates with your target audience and conveys the appropriate message about your brand.
Considering the examples you provided, ('Squishy' vs. 'Spongeify'), a name like 'Squishy' might be preferred if you want an easily memorable and unique name that is likely to stand out. On the other hand, a name like 'Spongeify' could be favored if you feel it better communicates the nature of your business or its products/services in a more explicit way.
Ultimately, the decision would depend on what you value more for your brand– uniqueness and ease of recall or a direct link to your product/service offerings. Remember, the name is a big part of your brand and will play a role in people's perception of your business. Make sure it's a fit for your market strategy and desired brand positioning.
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Kellogg recently dropped olympic swimmer michael phelps as a celebrity endorser. kellogg's decision was based on ___________.
Kellogg's decision to drop Michael Phelps was influenced by post-scandal public perception, reflecting the importance of aligning endorsements with corporate values and audience expectations.
Explanation:Kellogg's decision to drop Olympic swimmer Michael Phelps as a celebrity endorser was largely influenced by the principle that advertisers quickly cancel contracts with famous athletes following a scandal. In such situations, the athlete is no longer associated with positive feelings, making them unfit to serve as an unconditioned stimulus to condition the public to associate their product with a positive response.
This decision reflects the broader context of professional communication and the consequences of failing to account for bias and public perception. It also points towards a shift in corporate responsibility and the importance of aligning celebrity endorsements with the company's values and the expectations of its audience.