The minimum price that most consumers would pay for a given product is known as the ________ price.
Ellie has been working for an engineering firm and earning an annual salary of $80,000. she decides to open her own engineering business. her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. ellie will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500. refer to scenario 13-9. ellie's annual economic costs will equal
Ellie's annual economic costs amount to $135,700, which includes both explicit costs of $55,200 and implicit costs of $80,500. Therefore, the correct answer to the question is option d) $135,700.
To calculate Ellie's annual economic costs, we need to consider both explicit and implicit costs.
Explicit costs include:
Office rent: $15,000Equipment rental: $3,000Supplies: $1,000Utilities: $1,200Secretary/bookkeeper salary: $35,000So, total explicit costs = $55,200.
Implicit costs include:
Foregone salary from her previous job: $80,000Foregone interest from the certificate of deposit: $500So, total implicit costs = $80,500.
Ellie's annual economic costs = Total explicit costs + Total implicit costs = $55,200 + $80,500 = $135,700.
Therefore, the correct answer is d) $135,700.
The complete question is:
scenario 13-9.
Ellie has been working for an engineering firm and earning an annual salary of $80,000. she decides to open her own engineering business. her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. ellie will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500.
refer to scenario 13-9.
ellie's annual economic costs will equal
a) $55,200
b) $75,200
c) $80,500
d) $135,700
Whatever the quality improvement approach, what key concept(s) is/are common between each approach?
The common key concepts that are common to the quality improvement approach are the following;
- Usage of QI tools, this is used for mapping, analyzing and collecting data.
- Outcomes and measuring are also used.
- Lastly, application of statistical process control
sam uses public transport to commute to work. however, he has always wanted to own a car and believes commuting by car will save time. this scenario exemplifies sam's _____.
What is the starting point for total quality management
Answer:
The correct answer is: customer focus.
Explanation:
Customer focus is the milestone of quality management. It is the degree in which a firm satisfies the customers' needs and expectations on a regular basis. Customer focus measures the success of a company on giving its target clientele the product or service they request according to what the customers demand from it.
Which of michael porter's four competitive strategies is autozone trying to follow? discuss?
The goal during the ________ of the personal selling process is gain the customer's attention and build the foundation for the sales presentation?
When tamara is alone with michael, she tells him, "i care about your success as a sales associate and believe that the way you interact with clients is hurting your results." tamara's criticism could be more constructive if she remembered to?
Tamara’s criticism could be more constructive is Tamara will remember and take note of requesting or having to tell him regarding about the changes that he may apply or develop with his behavior in the upcoming task or in the future.
Tamara's criticism can be more constructive by using a positive and supportive tone, giving specific suggestions, and following the principles of effective interpersonal communication.
To make Tamara's criticism more constructive, she should utilize a more positive and supportive tone, adding specific examples and suggestions on improving client interactions.
This practice falls under the principle of effective interpersonal communication, where feedback should be actionable and encouraging, rather than simply pointing out negative aspects.
In the case of James and Maria's performance appraisal, my advice would be to maintain honesty and integrity in the appraisal process. While understanding the personal circumstances of an employee, such as financial difficulties, it is critical for James to provide accurate and fair feedback based on Maria's performance.
Q 7.24: companies that report inappropriate current assets as cash and cash equivalents may appear to be
Volumetric thirst is associated with _____ while osmometric thirst is associated with _____.
Final answer:
Volumetric thirst is triggered by a decrease in blood volume, prompting mechanisms to increase blood pressure and water intake, while osmometric thirst results from an increase in blood osmolality, leading to thirst sensation and water conservation efforts through hormonal responses.
Explanation:
The question pertains to the mechanisms of thirst, specifically volumetric thirst and osmometric thirst. Volumetric thirst is associated with a decrease in blood volume, which can result from water loss through respiration, evaporation, or urination. In response, the body may increase blood pressure via vasoconstriction and promote water consumption. On the other hand, osmometric thirst is associated with an increase in blood osmolality, mainly due to a high concentration of solutes in the blood. This condition triggers osmoreceptors in the hypothalamus, leading to the sensation of thirst and the release of antidiuretic hormone (ADH) to conserve water. Both mechanisms are crucial for maintaining homeostasis, ensuring that both volume and osmolarity of the body fluids are preserved within their optimal ranges. The thirst response is a complex interplay of hormonal and neuronal responses that maintain fluid balance, particularly important in dehydration scenarios or fluid loss.
The president of a growing engineering firm wishes to give each of 20 employees a holiday bonus. how much needs to be deposited each month for a year at a 12% nominal rate, compounded monthly, so that each employee will receive a $2,500 bonus?
Given that: F (Future worth) = $2,500, i (nominal interest rate) = 0.12, compounded monthly = 12 months, years of investment = 1 year, and no. of employees = 20. Compute using the annuity formula: A=Fi/(((1+i)^n)-1). Calculating i = 0.12/12 = 0.01, since it is compounded monthly. Calculating n (total number of compounding) = 1 x 12 = 12, since year of investment is equal to 1. Substituting F=2500, i=0.01 and n=12 to the annuity formula, you will get A=$197.12. Multiply by 20, you will get $3,942.44.
To calculate how much needs to be deposited each month for a year at a 12% nominal rate, compounded monthly, the future value formula is used. The payment would be approximately $207.57 per month.
Explanation:To calculate how much needs to be deposited each month for a year at a 12% nominal rate, compounded monthly, we need to use the future value formula. The formula is:
Future Value = Payment x [(1 + Interest rate/compounding periods)^(compounding periods x years)]
In this case, the future value we want to achieve is $2,500 for each employee, and we want to deposit each month for a year.
Substituting the values into the formula, we get:
2500 = Payment x [(1 + 0.12/12)^(12 x 1)]
Simplifying the equation gives us:
Payment = 2500 / [(1.01)^12]
Using a calculator, we can calculate:
Payment ≈ $207.57
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What are the types of entities you might find in the electra bike manufacturing/production database management system?
The types of entities you might find in the electra bike manufacturing or production data base management system are the following;
- Inventory
- Materials
- Distribution
- Supplier
These are the entities that you can usually find in database management system
What is the most important factor determining bankruptcy, according to the altman z-score model?
The Altman Z-Score model determines bankruptcy based on a company's financial ratios like Working Capital/Total Assets and Retained Earnings/Total Assets.
The most important factor determining bankruptcy, according to the Altman Z-Score model, is the company's financial condition as indicated by various financial ratios.One of the key ratios used in the Altman Z-Score model is the Working Capital / Total Assets ratio, which reflects a company's ability to cover short-term obligations with its assets.Another crucial ratio is the Retained Earnings / Total Assets ratio, indicating the proportion of assets financed through earnings rather than debt, influencing the company's risk of bankruptcy.As a member of a typical of traditional work group, joshua should expect to be responsible for:
Jill has an escalator clause in her labor contract that gives her a raise equal to the change in the consumer price index (cpi). last year she earned $40,000 and the cpi was 100. if the cpi this year is 110, her new salary is:
Benjamin co. has three products a, b, and c, and its fixed costs are $67,200. the sales mix for its products are 3 units of a, 4 units of b, and 1 unit of
c. information about the three products follows: a b c projected sales in dollars $192,000 $192,000 $64,000 selling price per unit $55.00 $30.50 $32.00 contribution margin ratio 30% 25% 50% (a) calculate the company's break-even point in composite units and sales dollars. (b) calculate the number of units of each individual product to be sold at the break-even point.
Abc insurance company has accepted a life insurance application which contains unanswered questions. the company then makes the application part of the life contract. in this situation, the insurer has
In this situation, the insurer has "waived one of its legal rights".
If an insurer acknowledges an application that contains unanswered inquiries and makes the application part of the existence get, the organization has deferred one of its lawful rights.
An insurer’s reservation of rights is a vital legitimate advance, especially with regards to obligation protection. The safety net provider may give a guard to the safeguarded, apparently shielding the protected from the genuine liabilities that may result from a common suit. The obligation safety net provider is alarming the guaranteed respondent that protection may at last not cover the subsequent risk, or a segment of the liability.
Abc insurance company has accepted a life insurance application which contains unanswered questions. The company then makes the application part of the life contract. in this situation, the insurer has waived one of its legal rights.
In this situation, the insurer, ABC Insurance Company, has waived one of its legal rights by accepting a life insurance application that contains unanswered questions and making it part of the life contract. Typically, insurers have the right to reject or decline an application that is incomplete or contains unanswered questions.
However, by accepting the application and proceeding with the issuance of the life contract, the insurer has chosen to waive this right and treat the incomplete application as valid. This action signifies the insurer's decision to proceed with the contract despite the unanswered questions, potentially assuming additional risk or liability.
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Carlos is a salesperson for an industrial equipment company. carlos calls on manufacturers and spends most of his time talking with system operators who work on the factory floor. while carlos is able to get the operators interested in his products, he is often unable to make a sale. carlos needs to:
What Carlos should do in order to make a sale with his products is to be able to determine the purchase decisions and their influencers for him to be able to make a sale with the products that he sells to his consumers.
We have an intuitive appreciation for those who are able to earn a profit. We can see that resources flow to those who successfully coordinate inputs and serve customers. For this written assignment you are to examine the other side—the side of losses. The market system is a system of both profit and loss. Why is loss essential to the market process? What function does loss have? What role does it play? What is the downside if we used government to shield companies from incurring losses? Explain.
Preferred stock of leaping dolphin inc. pays 8% on the $100 par value. what is the value of the stock if the appropriate discount rate is 6%?
Calculate the value of the stock:
The dividend on preferred stock is received constantly for perpetuity. So, the value of preferred stock can be calculated by dividing the dividend with the required rate of return. If the dividend rate is 8% on par value of $ 100 and required rate is 6% the value of preferred stock will be P = (100x0.08)/0.06 = 8/0/06 = 133.3333333
While placing his order, a customer tells the waiter to avoid bell peppers of any kind or color in the food since he is allergic to the vegetable. in spite of informing the server of his choice, a slice of bell pepper sits right on top of the dish he ordered. in addition to a service breakdown, this could lead to:?
An allergic reaction should not be treated lightly because this can actually result in death of the victim. So in this casem this could actually lead to serious illness or death of the customer. Which adds a very huge liability for the restaurant or organization.
A research study uses a single sample of participants to evaluate the effect of a treatment. the results of the hypothesis test are reported as follows: t(14) = 2.73, p < .05. based on this report, what was the statistical decision?
Based on this report, there were 15 individuals in the sample. The explanation for this is shown as
Using the formula df = n – 1, and n = df + 1, substituting the values given in the problem to the formula, we get n = 14 + 1. Therefore, n is equal to 15.
Emma promises to pay greta $400 because "she does not have as much money as other people." emma's promise is not enforceable because: greta has not given consideration in return. emma could have paid more. society does not want gifts cheapened by making them legally enforceable. the redistribution of wealth on a one-to-one basis is not a valid social goal.
An audit client failed to maintain copies of its procedures manuals and organizational flowcharts. what should the auditor do in an audit of financial statements?
a. document the auditor's understanding of internal controls.
b. restrict the auditor's responsibility to assess the effectiveness of controls in the audit engagement letter.
c. assess control risk at the maximum level.
d. issue a qualified opinion on the basis of a scope limitation.
Windows ____ is microsoft's fastest, most efficient operating system to date, offering quicker application start up, built-in diagnostics, automatic recovery, improved security, and enhanced searching and organizing capabilities.
Windows 10 offers cut-off date support, the most powerful ye t intuitive security system to date, and most of all a balanced interface which is equally friendly to desktop and laptops as well as tablets and touch devices.
Perfect pizza wants to install a system to record orders for pizza and chicken wings. when regular customers call perfect pizza on the phone, they are asked their phone number. when the number is typed into a computer, the name, address, and last order date is automatically brought up on the screen. once the order is taken, the total, including tax and delivery, is calculated. then the order is given to the cook. a receipt is printed. occasionally, special offers (coupons) are printed so the customer can get a discount. drivers who make deliveries give customers a copy of the receipt and a coupon (if any). weekly totals are kept for comparison with last year's performance. write a summary of business activities for taking an order at perfect pizza
The process for taking an order at Perfect Pizza involves asking for the customer's phone number, bringing up their information on the computer, calculating the total, giving the order to the cook, printing a receipt, and providing any coupons or discounts. Weekly totals are also kept for comparison.
Explanation:The process for taking an order at Perfect Pizza involves several steps:
When regular customers call, they are asked for their phone number.The phone number is typed into a computer, which brings up the customer's name, address, and last order date on the screen.The order is taken and the total, including tax and delivery, is calculated.The order is given to the cook and a receipt is printed.If there are any special offers or coupons, they are printed for the customer to receive a discount.Drivers give customers a copy of the receipt and a coupon (if any) when making deliveries.Weekly totals are kept for comparison with last year's performance.Learn more about Taking an order at Perfect Pizza here:https://brainly.com/question/28830025
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The two general approaches to negotiation are ________ bargaining and ________ bargaining.
The two general approaches to negotiation are integrative bargaining and distributive bargaining.
What is bargaining?A type of negotiation known as bargaining or haggling in the social sciences occurs when a buyer and a seller of a good or service argue over the cost or particulars of a transaction. The deal is finalized if the negotiations result in an agreement on the terms.
A method of negotiation in which the parties work together to resolve their conflict in a way that benefits both of them. This tactic focuses on creating agreements that are advantageous to both parties and are based on their respective interests.
Every employee has a voice and a chance to address the issues that matter most to them during negotiations. But it's not just the workers' opinions that are heard; employers have an opportunity to express their concerns and come to a mutually beneficial conclusion.
Therefore, Negotiations are integrative bargaining and distributive bargaining.
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Bob says he has achieved his "dream job." as an engineer for a major defense systems company, he is responsible for using sophisticated airplane and weaponry equipment that creates the exact conditions that a professional may experience if he/she uses the equipment in a real-life situation. he spends several hours each day performing __________.
Industry low, industry average, and industry high cost of benchmarks on p 6 of each issue of the footwear industry report are
Suppose you were to collect data for each pair of variables. you want to make a scatterplot. which variable would you use as the explanatory variable and which as the response variable
Final answer:
In creating scatterplots, the independent or explanatory variable is plotted on the x-axis, while the dependent or response variable is plotted on the y-axis. The independent variable influences the dependent variable, which is reflected in how data is visualized on the scatterplot.
Explanation:
When creating a scatterplot, you'll want to distinguish between the two types of variables: the explanatory variable and the response variable. The explanatory variable, also known as the independent variable, is the one you suspect might be causing changes or influencing the other variable. It is usually plotted on the horizontal axis (x-axis) in a scatterplot.
Whereas, the response variable, or dependent variable, changes in response to the explanatory variable and is plotted on the vertical axis (y-axis). A classic example involves time as an independent variable and distance as a dependent variable. In an experiment to measure the distance traveled by a car over time, time would be plotted on the x-axis because it is the independent variable that you control, and distance would be plotted on the y-axis as it is the outcome you are observing.