If the planned budget revenue for 5,000 units is $120,000, what is the flexible budget revenue if the actual activity is 4,500 units?

Answers

Answer 1

If  the planned budget revenue for 5000  units is $120,000 , the flexible budget revenue of actual activity of 4500 unit is $108,000.

What is budget revenue?

The revenue budget is made up of the government's revenue receipts (tax revenues and other revenues) and the expenditures met from these revenues. Tax revenues are the proceeds of the Union's taxes and other duties.Revenue budgets ensure that businesses allocate resources efficiently, saving time, effort, and money.

Budget revenue = $120,000

                 Units = 5000

As a result, $120000 / 5000 =  $ 24 per units

So, $24units X 4500 =$108,000 units.

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Related Questions

if you were trying to choose between a venture that would a) pay off $1m 50% of the time, and cost $1m 50% of the time and a venture b) that would definitely cost $100k and would pay off $50k 30% of the time, you would compute the:

Answers

To compare the expected returns of these two ventures, you would need to compute the expected value for each venture.

What do you mean by expected values?

The expected value is a measure of the average outcome of a venture, calculated by multiplying the probability of each possible outcome by its payoff or cost, and then summing these values.

For venture A, the expected value would be calculated as follows:

(0.5 x $1m) + (0.5 x -$1m) = $0

For venture B, the expected value would be calculated as follows:

(0.3 x $50k) + (0.7 x -$100k) = -$10k

Based on these calculations, venture A has an expected value of $0, while venture B has an expected value of -$10k. This means that, on average, venture A is expected to break even, while venture B is expected to result in a loss.

Hence, if you were trying to choose between the two ventures, you would likely choose venture A because of the equal expected values.

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A department store manager wants to summarize orders for the month for her section of the store. Why might she usea calculated field in a report rather than in the table itself?

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Answer:

A department store manager might use a calculated field in a report rather than in the table itself for several reasons.

First, a calculated field in a report allows the manager to show only the information that is relevant to the report, without cluttering the table with unnecessary data. For example, the manager might want to show the total sales for each day in the report, but she might not need to store that information in the table itself.

Second, a calculated field in a report allows the manager to perform calculations on the data that are specific to the report. For example, the manager might want to show the average sales per day in the report, but the table might only contain the total sales for each day. In this case, the manager could use a calculated field in the report to perform the calculation and show the average sales per day.

Third, a calculated field in a report allows the manager to change the calculation easily without modifying the data in the table itself. For example, the manager might want to show the average sales per day in one report, and the total sales for each day in another report. In this case, she could use a calculated field in each report to perform the appropriate calculation without changing the data in the table.

Overall, using a calculated field in a report rather than in the table itself allows the manager to more easily summarize and analyze the data for her section of the store.

what is an rfi? what is the difference between an rfi and an rfp? the ideal response to an rfp is one that can be easily transformed into a contract. why?

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The request for information (RFI) is used when the owner wants multiple contractors to provide potential solutions, and the request for proposal (RFP) is used during the bidding process to solicit project quotations.

The RFI is an information request, the RFP is a proposal request, and the RFQ is a price quotation request. They are official documents issued by a government contracting body that is about to buy a product or service, but not all of them are appropriate for every vendor to pursue. RFIs teach: An RFI response allows you to survey vendors to see how they can meet your needs. RFPs are compared,

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why would firms operating under cost plus regulation be incentivized to generate high costs by building huge factories or employing lots of stadd

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firms operating under cost-plus regulation be incentivized to generate high costs by building huge factories or employing lots of stadd because what they can charge is linked to the costs they incur.

By examining the firm's accounting costs and then adding a typical rate of profit, cost-plus regulation is a type of government regulation that establishes the price a firm can charge over time. One issue with cost-plus regulation is that it reduces the incentives for regulated businesses to reduce expenses. Because the government will force a company to lower its pricing if it employs cost-saving innovations, cost-plus regulation reduces the incentives for businesses to save expenses.

One issue with cost-plus regulation is that it reduces the incentives for regulated businesses to reduce expenses. Because the government will force a company to lower its pricing if it employs cost-saving innovations, cost-plus regulation reduces the incentives for businesses to save expenses.

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tom hired a local college student to tutor his son in math. his son is a donee-beneficiary of this contract. a. true b. false

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The given statement ''tom hired a local college student to tutor his son in math. his son is a donee-beneficiary of this contract'' is true.

What is meant by donee beneficiary?The term "donee beneficiary" refers to a third party beneficiary who is the recipient of the benefits from a transaction to which they are not parties. A beneficiary of a donee is someone who is not a party to the promise and promisor's contract. Because the contract calls for giving her a gift, the donee profits in this situation.A non-contracting party known as a creditor beneficiary is the person who benefits when a promise is made to fulfil a legal obligation.Anyone who gains from the execution of a contract between two other parties is known as a donee beneficiary. Beneficiaries who are the actual recipients of a gift are distinct from other third parties, such as incidental beneficiaries and creditor beneficiaries.

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he federal wage law that is criticized for a rule that allows minimum pay to be based on the prevailing rate, which often includes higher, union wages, is:

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The Davis-Bacon Act, a federal wage law, is criticized for a provision that permits minimum compensation to be based on the prevailing rate, which frequently includes higher, union rates.

What is a Davis-Bacon prevailing wage?

The Davis-Bacon prevailing wage is the basic hourly wage rate plus any fringe benefit rates specified for a specific group of workers in the applicable Davis-Bacon wage decision.

What is the purpose of the Davis-Bacon Act?

The Davis-Bacon Act requires the Department of Labor to determine these regionally typical wage rates. The Davis-Bacon Act must be followed by all contractors and subcontractors engaged in work for federal or District of Columbia contracts.

What among the following describes the Davis-Bacon Act?

Mechanics and laborers must be paid the local prevailing wage on public works projects, according to the Davis-Bacon Act of 1931, a federal statute of the United States. When supplying the government with goods or services, you must pay a "prevailing wage."

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the project life cycle where project teams plan in short bursts (generally of one to four weeks), often called sprints or iterations, is referred to a

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The project cycle management where the project teams plan in short bursts, often called sprints or iterations is referred to adaptive, change-driven project life cycle.

What is project cycle management?

Project cycle management (PCM) is the process of organizing, coordinating, and controlling a project effectively and efficiently throughout each of its phases, from planning through execution, then completion and review, in order to achieve pre-defined objectives or satisfy the project stakeholder by producing the right deliverable at the right time, cost, and quality. Projects go through distinct, categorized phases. As the subsequent phase starts, each one can be somewhat concluded. Deliverables or successes can be made during phases to serve as the foundation for the following phase. Updates to planning baselines, high-level management evaluations, and assessments of project costs and prospects are best done during phase transitions.

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which project cost management process is concerned with recording costs spent and comparing them with the budgeted costs and value received?

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The control costs project cost management process is concerned with recording costs spent and comparing them with the budgeted costs and value received.

Project cost management is a method that uses technology to measure cost and productivity through the full life-cycle of enterprise level projects. This encompasses several specific functions of project management including estimating, job control, field data collection and design.

Cost control is the method of reducing business expenses by managing and analyzing financial data. Collecting costs in a consolidation format allows organizations to make more accurate and informed projections.

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The process of creating and maintaining ties with co-workers, managers, and other people you encounter in your professional life is called

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The process of creating and maintaining ties with co-workers, managers, and other people you encounter in your professional life is called  Lasting Client Relationship.

More about creating and maintaining ties with co-workers :In our blueprint for remote work, telecommuters and remote-enabled employers will learn the advantages of good coworker relationships from the viewpoints of both staff and business, find practical steps for establishing and maintaining relationships with remote coworkers, and discover best practises remote managers can apply to promote strong bonds among teleworking colleagues.Positive coworker relationships not only increase work engagement but also reduce stress, increase job satisfaction, improve community integration, and improve work-life balance for employees. Employers might also gain from having strong bonds with their remote employees. Companies that place a high priority on their corporate culture and engagement see improved employee retention, less conflicts at work, and increased productivity.

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how do audience members typically respond when they hear an inauthentic speaker make a business presentation?

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They experience discomfort. playing music that you like.

What exactly is untrue communication?

Individuals who feel disinclined to reveal the truth about themselves and instead withhold information or communicate in a manner they believe the listener expects them to do so have also been identified as exhibiting inauthentic communication (Dorpat, 1999), particularly in the psychology literature.

What is the significance of authenticity in presentation?

In an undeniably suspicious culture, validness is an essential piece of each and every show. Your audience will be able to trust you as the presenter and your content if you demonstrate authenticity.

How will you keep the attention of the audience throughout the speech?

Keep moving, tell compelling stories, and involve your audience in activities that are meaningful and pertinent to your topic in order to keep the audience's attention throughout your presentation. The following response will come from appreciative participants: I enjoyed it, learned a lot, and the time flew by.

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assume that the skills required of a sales clerk at a retail store are similar to those required of workers at a fast-food restaurant. if workers are completely indifferent between fast-food jobs and retail-sales jobs, in what way would the wages of sales clerks change, if at all?

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If workers are completely indifferent between fast-food jobs and retail sales jobs, clerk wages would increase if the supply of food service workers increased.

How do supply and demand influence the market?

Supply and demand are two economic concepts that determine how much product and service is available on the market, and demand determines how much consumers are willing to consume of a good. Its fluctuations are capable of determining the price and quantity of a good available in the market.

Therefore, the greater the demand, the greater the supply, which means an increase in consumption, productivity and also a greater need for workers, which can influence the increase in wages.

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As the market price _______, all else held constant, a profit-maximizing firm can afford to expand its production

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As the marketplace fee of a true , all else held constant, a profit-maximizing organization that produces the best can come up with the money for to increase its manufacturing.

The required details for goods in given paragraph

items are gadgets that fulfill human wants and provide utility, for example, to a purchaser creating a buy of a satisfying product. A not unusual place difference is made among items which can be transferable, and services, which aren't transferable. A true is an "financial true" if it's miles beneficial to humans but scarce with regards to its call for in order that human attempt is needed to reap it. In contrast, unfastened items, which include air, are certainly in plentiful deliver and want no aware attempt to reap them. Private items are matters owned with the aid of using humans, which include televisions, residing room furniture, wallets, mobile telephones, nearly something owned or used on a every day foundation that isn't food-related. A purchaser true or "very last true" is any object this is in the end consumed, in preference to used within side the manufacturing of any other true. For example, a microwave oven or a bicycle this is bought to a purchaser is a very last true or purchaser true, however the additives which can be bought for use in the ones items are intermediate items. For example, textiles or transistors may be used to make a few similarly items.

Commercial items are construed as tangible merchandise which can be synthetic after which made to be had for deliver for use in an enterprise of commerce.

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1. Which of these is a mutual fund? (1 point)
A. a fund that pools money from many investors to buy securities

B. a fund used to pay shared bills and expenses

a fund used by the government to gather taxed money

a fund that you share with your family to save in the bank


2. Which is a source of passive income?(1 point)

A. teaching about personal finance

B. owning dividend stocks

C. owning luxury cars

D. working as a consultant

Answers

A mutual fund is a fund that pools money from many investors to buy securities and owning dividend stocks is a source of passive income. The correct options are 1 is a and 2 is b.

What are dividend stocks?

Dividend stocks are companies that pay out regular dividends. Dividend stocks are usually well-established companies with a track record of distributing earnings back to shareholders.

Dividend companies have stable earnings and a track record of distributing a portion of them. The distributions are known as dividends and may be paid out in the form of cash or as additional stock.

Dividend yield changes as a stock price rises and falls.

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suppose the required reserve ratio is .20. if banks are conservative and choose not to loan all of their excess​ reserves, the money multiplier would be

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Suppose the required reserve ratio is 20%. If banks are conservative and choose not to loan all of their excess reserves, the real-world deposit multiplier is less than 5.

The reserve ratio refers to how much reservable debt commercial banks are required to hold onto instead of lend to or invest in. This standard is determined by the country's central bank, in this instance the Federal Reserve in the United States. The phrase "ratio of cash reserves" is frequently utilized.

One of the main tools for the Federal Reserve's monetary policy is the reserve ratio. To enhance the amount of money in the economy, the Fed may decide to reduce the reserve ratio. Borrowing becomes more appealing to clients when the reserve ratio requirement is reduced since banks are able to lend more money at cheaper interest rates.

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you own a 5.5%, semiannual coupon bond that matures in 8 years. the par value is $1,000 and the current yield to maturity is 6.4%. what will the percentage change in the price of your bond be if the yield to maturity suddenly increases by 50 basis points?

Answers

The price of a bond will decrease by -3.10%, in accordance with the supplied statement, if the yield until maturity abruptly rises over 50 basis points.

Is six months half a year?

Half yearly is once every two years (or, technically, once every half a year). Semiannual and semiyearly are synonymous terms. Biannual & biyearly can be used interchangeably with semiannual to indicate only once an a year (every other year).

Briefing:

Step (i). Calculation of the current Bond Price:

Price of Bond = -place value (rate, nper, pmt, face value)

                       = $ 944.33

where,

Rate = 6.40%*6/12 = 0.032

nper = 8*12/6 = 16

pmt 1000*5.5%*6/12 = $ 27.50

fv =  $ 1,000.00  

Step (ii). Calculation of revised price:

Price of Bond = -place value (rate, nper, pmt, face value)

                       = $ 944.33

Rate = 6.90%*6/12 = 0.0345

nper = 8*12/6 = 16

pmt 1000*5.5%*6/12 = $ 27.50

fv =  $ 1,000.00

Step (iii). Calculation of percentage change in price of bond:

Percentage change in price of bond = (New Price -Old price)/Old Price

                                                             = (915.02-944.33)/944.33    

                               = -3.10%

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The complete question is-

You own a 5.5%, semiannual coupon bond that matures in 8 years. the par value is $1,000 and the current yield to maturity is 6.4%. What will the percentage change in the price of your bond be if the yield to maturity suddenly increases by 50 basis points?

(a). -3.30%

(b). -3.05%

(c). -3.25%

(d). -3.10%

(e). -3.45%

at the present time, andalusian limited (al) has 10-year noncallable bonds with a face value of $1,000 that are outstanding. these bonds have a current market price of $1,495.56 per bond, carry a coupon rate of 10%, and distribute annual coupon payments. the company incurs a federal-plus-state tax rate of 25%. if al wants to issue new debt, what would be a reasonable estimate for its after-tax cost of debt (rounded to two decimal places)? (note: round your ytm rate to two decimal place.)

Answers

The presented statement indicates that a credible estimate of its after-tax debt expense is 2.15 percent.

What has the market beat?

Being able to outperform a broad-based index much like S&P 500, Nasdaq 100, or the Dow Jones on investing, typically in the stock exchange, is what is meant by the phrase "beating the market" for many investors.

Briefing:

Annual coupon = (10 / 100) * 1000 = $10

Yield to maturity = 3.9158%

Keys to use in a financial calculator:

FV 1000

PV -1495.56

PMT 100

N 10

CPT I/Y

After tax cost of debt = Yield (1 - tax)

After tax cost of debt = 0.039158 (1 - 0.45)

After tax cost of debt = 0.0215 or 2.15%

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what are two reasons companies would add a markup to the cost of products that they have purchased from wholesalers? (check all that apply.)

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The two reasons companies would add a markup to the cost of products that they have purchased from wholesalers costs and customers.

The wholesalers or distributing is the sale of goods or merchandise to retailers to industrial, commercial, institutional or other professional business users or to other wholesalers and related subordinated services.

Markup shows how much more a company's selling price is than the amount the item costs the company. In general, the higher the markup, the more revenue a company makes. Markup is the retail price for a product minus its cost.

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qriosity inc. released a new antivirus program at half-price compared to other brands to attract buyers quickly and win a large market share. this is most likely an example of .

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To swiftly draw customers and gain a sizable market share, Qriosity Inc. published a new antivirus application at a price that was 50% lower than that of competing brands.

What do you understand by "equity"?

A portion that is given to, owed to, or given by a specific person. The portion that is given to one of several people who jointly own something. I gave up the company's ownership. 3.: Any of the equally sized divisions into which a company's property is split.

How do I buy stocks?

Using an online stockbroker is the easiest way to purchase stocks. You may quickly purchase stocks on the broker's website after establishing and financing your account.

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which curve reflects the probable speed distribution for ne(g) at 500k, if curve 3 is the distribution at 298 k?

Answers

Because the greatest number of molecules have the speed at the top of the curve, it is referred to be the most probable speed.

Introduction

The motion of a molecule in an ideal gas under a certain set of circumstances is ascertained using the kinetic molecular theory. It is, however, impossible to determine the velocity of every molecule at every point of time when observing a mole of a perfect gas. Therefore, to ascertain the number of molecules travelling between velocities v and v + dv, the Maxwell-Boltzmann distribution is applied. Assuming that the one-dimensional distributions are distinct from one another and that the x velocity is unaffected by the y or z directions, we can consider the Maxwell-Boltzmann distribution as an example

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Q3. Which of the following is the relation that the law of demand defines?

a) Income and price of a commodity

b) Price and quantity of a commodity

c) Income and quantity demanded

d) Quantity demanded and quantity supplied​

Answers

Answer:

price and quantity demanded

Explanation:

law of demand sates that their exist a inverse relationship between the price of the commodity and the quantity of the commodity that will be demanded that means if the price is low then the quantity demanded by the customers will be high and if the price of the commodity is high or we can say the product price is high then the quantity demand by the customers or consumers will be less.

suppose there are two pens of price ten and twenty then the pen of price ten will be in more demand as compared to twenty and the pen which is of price of twenty will be demanded less in the market by the customers or the consumers

Price is a key element in the marketing mix because it relates directly to the generation of total _______.

Answers

Price is a key element in the marketing mix because it relates directly to the generation of total revenue. Hence, option (b) is the relevant option.

Give a brief account on marketing mix.

Product, pricing, place, and promotion have historically been the four main components of the "marketing mix," which is a foundational business strategy (also known as the "4 Ps"). The "collection of marketing tools that the company use to pursue its marketing objectives in the target market" is known as the marketing mix.

The development of marketing theory occurred at the start of the twenty-first century. The modern marketing mix, which was first published in 1984, has since developed into the benchmark framework for marketing management choices. In the marketing of services, an extended marketing mix is often employed, consisting of 7 Ps (product, pricing, promotion, location, packaging, positioning, and people), which are the basic 4 Ps extended by process, people, and physical proof. The 8 Ps, which include these 7 Ps plus performance, are occasionally used by service marketers. They are: product, pricing, place, promotion, people, positioning, package, and performance.

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The complete question is mentioned below :

Price is a key element in the marketing mix because it relates directly to the generation of total _____.

a. elasticity of demand

b. revenue

c. market share

d. profits

e. price competition

aquaculture in net pens can be compared to cafos. a drawback of aquaculture in net pens is

Answers

A drawback of aquaculture in net pens is the escape of exotic species into new ecosystems.

What is net pen aquaculture and its drawbacks?

A net pen, often known as a sea cage, is a closed, floating cage. The building houses farmed fish and allow water to freely flow through the pen. Although there are many different designs, net pens in Puget Sound are typically made of a floating frame with walkways and a two-layered underwater cage.

Fish escapes, sedimentation and pollution below net pens, inputs of chemicals and antibiotics, phytoplankton blooms, the introduction of exotic infections, and interactions with marine predators are only a few of the ecological problems connected to marine net pen aquaculture. Increased disease transmission between farmed fish and local native fish due to aquaculture results in more waste and excrement being dumped along the shoreline.

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the jackson-timberlake wardrobe company just paid a dividend of $1.28 per share on its stock. the dividends are expected to grow at a constant rate of 6 percent per year indefinitely. a. if investors require a return of 11 percent on the company's stock, what is the current price?

Answers

Current price: $20.54

Explanation: 1.55(1.06) / (.14-.06)

Stock price in 3 years: $24.46

Explanation: 1.55(1.06)^4 / (.14-.06)

Stock price in 7 years: $30.88

Explanation: 1.55(1.06)^8 / (.14-.06)

In finance, inventory (also capital stock) consists of all the stocks through which ownership of a company or employer is split.[1] (specially in American English, the phrase "shares" is also used to refer to stocks.)[1][2] A unmarried share of the stock method fractional ownership of the company in share to the full variety of shares. This commonly entitles the shareholder (stockholder) to that fraction of the organisation's profits, proceeds from liquidation of assets (after discharge of all senior claims which includes secured and unsecured debt),[3] or vote casting energy, frequently dividing these up in percentage to the amount of money every stockholder has invested. no longer all inventory is necessarily identical, as certain training of inventory can be issued as an example without vote casting rights, with greater balloting rights, or with a certain precedence to receive profits or liquidation proceeds before or after other lessons of shareholders.

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please respond to all parts of the question below, each with its own section. a. do you think businesses should voluntarily undertake environmental efforts, beyond those required by law? why or why not? b. describe the sustainability management practices of a business firm with which you are familiar. which stage of the corporate environmental responsibility model best fits this firm, and why? looking again at this same firm, what steps might its managers take to improve its environmental performance? in answering this question, consider the various elements of effective environmental management.

Answers

a. Yes, I think businesses should voluntarily undertake environmental efforts beyond those required by law. There are several reasons for this:

Environmental degradation can have negative impacts on businesses, including increased costs due to natural disasters or regulatory fines, as well as reputational damage from negative public perception. By proactively addressing environmental issues, businesses can mitigate these risks and potentially even benefit from improved reputation and customer loyalty.Some environmental efforts may also have financial benefits for businesses, such as reduced energy costs from energy efficiency measures or the ability to sell excess renewable energy back to the grid.Businesses have a responsibility to operate in a way that takes into account the well-being of society and the environment. By proactively addressing environmental issues, businesses can demonstrate their commitment to sustainability and their broader role in society.

b. One business firm that I am familiar with that has strong sustainability management practices is Patagonia, an outdoor clothing and gear company. Patagonia has a comprehensive environmental policy that includes commitments to reducing the environmental impact of its products and operations, as well as advocating for environmental causes.

To improve its environmental performance, Patagonia's managers could consider implementing additional sustainability initiatives, such as increasing the use of recycled materials in its products, implementing water conservation measures in its manufacturing processes, or increasing the use of renewable energy in its operations. Other elements of effective environmental management that Patagonia's managers could consider include setting clear environmental goals and targets, engaging with stakeholders (including employees, customers, and suppliers) on environmental issues, and reporting transparently on the company's environmental performance.

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Factory workers in Russia's 1917 industrial economy embraced the ______ concepts in order to improve their lives. command economy.

Answers

prior to 1917, the working class of Russia lived in abject poverty under the Tsars who encouraged capitalist.

steve and terri are two woodworkers who both make tables and chairs. in one month, steve can make 3 tables or 18 chairs, whereas terri can make 8 tables or 24 chairs. given this, what is the opportunity cost of 1 chair for each woodworker?

Answers

For every woodworker, total opportunity cost of producing one chair is Economic Cost (of 1 Table) = 6 Chair for steve, Cost (of 1 Table) = 3 Chair for Traci.

What is a woodworker called?

Any person who crafts something out of wood is known as a carpenter. A carpenter could construct two long benches and a dining table for you. Carpenters are experts in woodworking, producing wooden structures and furniture as well as fixing other wooden objects.

Briefing:

Opportunity is the "cost" received when one chooses not to take advantage of the advantages connected with the best alternative.

In this case, we have steve and Traci

Steve and Traci both have the option of making either tables or chairs.

Opportunity Cost is calculated as Return on the Most Profitable Investment - Return on the Investment Selected to Pursue.

steve

manufactured for each table that is made.

Opportunity Cost (6 Chairs) for 1 Table

Traci

makes 8 table or 24 chair, which suggests that 3 chairs may have been manufactured for each table that is made.

Opportunity Cost (of 1 Table) = 3 Chairs

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the use of only a portion or percentage of the available outlets in each geographic area for market exposure is called

Answers

Selective distribution refers to the utilization of only a fraction or proportion of the outlets present in each geographical location for market exposure.

What exactly is a market, then?

The entire number of buyers and sellers there in area or region under consideration is referred to as the market. The region could refer to the whole world, a nation, a state, or a city. The value, cost, price cost that traded goods depend on the market's supply and demand dynamics.

Why does the market matter?

The benefit to having for your company is that it engages consumers also lets them select whether it should purchase your goods or services.

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The complete question is-

The use of only a portion or percentage of the available outlets in each geographic area for market exposure is called ________ distribution.

a. exclusive

b. intensive

c. selective

d. patterned

e. intensive

________ is the stage of the new-product process that results in a pool of concepts as candidates for new products

Answers

Idea generation is the stage of the new-product process that results in a pool of concepts as candidates for new products.

What is idea generation?

Idea generation is “the process of creating, developing, and communicating abstract, concrete, or visual ideas.” The first stage of the idea management funnel, idea generation, simply focuses on finding solutions to problems.

Idea generation is the creative process of generating, developing, and communicating new ideas, understood as the building blocks of visual, concrete, or abstract thought. Brainstorming covers all stages of the thought cycle, from innovation to development to realization.

Why is idea generation important?

Idea generation is important because it allows us to expand the scope of our ideas beyond the scope of our current thinking. We believe that thought must first be expanded to include more questions, more variables, and more ideas before the refinement process can begin.

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in the long run, the economic profits in a monopolistically competitive industry tend to go towards zero. what is the main reason for this is

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The main reason for this in the long run is free entry.

What is free entry?

Free entry is a term used in economics to describe the situation when enterprises can freely enter the market for an economic good by setting up production and starting to sell the product. According to the free entrance premise, if there are companies in a certain industry making excessively high profits, other companies that also want to make a large profit are likely to start producing the same good or switch to doing so in order to enter the market. A startup company can compete in this situation without any obstacles. When a chance to make money presents itself, we anticipate other businesses will also enter the market and compete for the specific good. This circumstance typically only exists in long-term markets.

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using a perpetual inventory system, the return of inventory previously purchased on account will have what effect on the financial statements?

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A company the usage of a perpetual inventory gadget that returns items until now bought on credit score would Answer: Debit Accounts Payable and Credit Inventory.

A perpetual inventory machine is a device used to track and document inventory levels, in which each and every purchase and sale of inventory is logged mechanically and immediately. In this system, each and every time a transaction takes place, the software program documents a exchange in inventory tiers in real-time.

How do you file a perpetual inventory system?

In a perpetual system, two journal entries are required when a commercial enterprise makes a sale: one to file the sale and one to report the value of the sale. In the first journal entry, Marcia information the income from the sale, or the amount she earned from promoting her products.

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