As the restaurant wants to gather data about a new dish by giving out free samples and asking for feedback, the people that the restaurant should give the samples to are the customers.
What are samples?In research. a sample means the group of people, objects, or items that are taken from a larger population for measurement. The sample are expected to be the representative of the population to ensure that we can generalize the findings from the research sample to the population as a whole.
The samples collected from the customers, will allow the restaurant to gather data about the new dish.
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the law of markets (ricardo, mill, et al) argues that business activity can be increased by stimulating .
According to the law of markets (Ricardo, Mill, et al.), stimulating supply can increase business activity. That's because supply will increase operating activities, investment activities and financing activities for business.
Say's law, often known as the law of markets, is a theory of classical economics that holds that by offering something of value that can be exchanged for another good, the production of one good increases demand for the other. So, the source of demand is production.
In economics, supply is referred to as the total quantity of a particular good or service that a supplier makes available to customers at a particular time and price.
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which of the choices is the best example of creative destruction?
A. In the past month, there were 20,000 layoffs but 22,000 new hires.
B. A chemical plant decides to use a new process in their reactions, which after combustion results in large amounts of pink smoke being emitted to the nearby town and consequent fires in the chemical plant.
C. An antitrust suit is filed in court against a monopolist.
D. The prime minister signs into law that the minimum wage will go down by 50 cents.
The best example of creative destruction is in the past month, there were 20,000 layoffs but 22,000 new hires.
Since the 1950s, the term "creative destruction" has been most closely associated with Austrian-born economist Joseph Schumpeter, who developed the idea from Karl Marx's work and popularized it as a theory of economic innovation and the business cycle. Additionally, Schumpeter's gale is another name for it.
The "gale of creative destruction," in Schumpeter's words, refers to the "process of industrial mutation that ceaselessly revolutionizes the economic structure from within, endlessly destroying the old one, endlessly building a new one." The idea is used more generally in Marxian economic theory to describe the connected processes of the creation and destruction of wealth under capitalism.
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last month, dexter company had a $40,260 loss on sales of $170,000. fixed costs are $96,360 a month. by how much do sales have to increase for dexter to break even?
Sales have to increase by $50,000 for dexter to break even.
The contribution margin ratio is ($60,000 - $15,000)/$150,000 = 30%.
Break-even sales are $60,000/0.30 = $200,000.
Sales must increase by $200,000 - $150,000 = $50,000.
A business's contribution margin – additionally called the gross margin – is the money left over from sales after paying all variable expenses related to generating a product. Subtracting constant charges, along with rent, system rentals, and salaries from your contribution margin yield your net profits or profit.
Gross margin is the amount of income left after subtracting the fee of goods sold from revenue, at the same time as contribution margin is the amount of profit left after subtracting variable costs from revenue.
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a company budgets overhead cost of $8,832,500 for the next year. the company uses machine hours as its overhead allocation base. if 570,000 machine hours are planned for the next year, what is the company's plantwide overhead rate?
The response is $15.49 for each machine-hour.
What benefit does applying the plantwide overhead rate technique have?Advantages: more precise distribution of overhead expenses. improved control over overhead expenses. Specify the pertinent elements. Utilizing measurements relating to volume, the rate is calculated. This approach makes sense when overhead resources are used by distinct products in significantly diverse ways across many departments.
The estimated total overhead expense for the upcoming year is calculated as follows: 8,832,500 + 570,000 ($8,832,500 + 5,70,000) = $9,402,500
570,000 machine hours are expected in total.
The company's plant-wide overhead rate is calculated as follows: Overall projected machine hours (which serves as an overhead allocation base) / Expected total overhead cost for the following year = $8,832,500 / 570,000 = $15.49 per machine hour ( round to two decimal places).
So, the answer is $15.49 per machine hour.
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why would a company be willing to entice employees who left the company into returning to work for the company?
Here are five big reasons why we'd suggest our clients consider doing the same:
1)Former employees already know the organization:
They’re conversant in the operating procedures, the principles and traditions of your client’s culture, and therefore the people with whom they worked previously.
2)They have new knowledge:
Often, once you rehire employees, they return with additional knowledge, skills, and skills .
3)It shows you value your people:
Communicating that former employees are welcome back highlights the very fact that people like working for your organization
4)It creates trust.
5)It keeps you competitive.
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in the cabela's case study, the sas/teradata solution enabled the direct marketer to better identify likely customers and market to them based mostly on external data sources. true false
False, in the Cabela's case study, the SAS/Teradata solution enabled the direct marketer to better identify likely customers and market to them based mostly on external data sources.
What is Teradata?Teradata is an RDBMS developed by Teradata Corp. It is manufactured and used to manage large-scale data warehouse operations. Teradata Corporation is a provider of software, products and services related to databases and analytics. Accepts many requests from multiple client applications.With extremely robust capabilities for collecting, analyzing, and managing data, Teradata ticks all the boxes when it comes to integration (or ETL). Teradata supports SQL to interact with data stored in tables.It provides that extension. Robust utility: Teradata provides robust utilities for importing/exporting data to/from Teradata systems such as FastExport, FastLoad, MultiLoad and TPT.Oracle is primarily used as an online backend application managing inserts, updates, and deletes within transactions, while Teradata manages big data for analytics and data warehousing without real-time transactions.To learn more about Teradata from the given link :
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diminishing marginal returns begin with the addition of the ________ worker.
Diminishing marginal product begins with the addition of the third worker.
Where do diminishing marginal returns get their start?
When one unit of production is increased while other factors remain the same, diminishing marginal returns occur, resulting in lower output levels. To put it another way, production begins to become less effective. A worker might, for instance, produce 100 units per hour for forty hours.
Which additional worker marks the beginning of diminishing returns?
When a company reaches its maximum capacity, according to production theory, the diminishing marginal returns kick in, and the addition of a labor unit lowers the company's total productivity. When 12 units of workers are employed, the marginal returns kick in in this instance.
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carolina sailboat contracts with a company that identifies businesses in foreign countries that will market and sell their line of sailboats. this company also provides all the documentation for the exports, coordinates logistics, and transportation. what type of company does carolina sailboat contract with?
With Export trading company carolina sailboat don contract.
Explanation of export trading company:
An export trading corporation (ETC) manages the exportation process on behalf of clients, traversing all statutory requirements and administrative guidelines that a business must adhere to before a nation can permit the export of its goods.ETCs, sometimes known as export management firms, might be situated locally or abroad, for example, in the nation that imports the commodities that the company is attempting to correctly export.An ETC can help a company develop strategies to reduce exchange rate risk, lower training and recruitment costs, and provide local knowledge about the laws and regulations in a foreign country.to learn more about export trading company
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what is the tax incidence of an excise tax when demand is highly inelastic? highly elastic? what effect does the elasticity of supply have on the incidence of an excise tax? what is the efficiency loss of a tax, and how does it relate to elasticity of demand and supply?
Sellers can cut the quantity sold without having to accept lower pricing the more elastic the supply curve is. The implementation of an excise tax yields little income in a market when supply and demand are both very elastic.
How much of an excise tax is actually taxable?How much of the excise tax is borne by the producer and consumer is determined by the incidence of the tax. It's crucial to keep in mind that, in many cases, it makes no difference who formally pays the tax because the final result is always the same.A tax levied on the sale of particular goods or services, or on particular uses, is generally known as an excise tax. The sale of products and services including fuel, airline tickets, big trucks and highway tractors, indoor tanning, tires, cigarettes, and other items is typically subject to federal excise tax.Sellers can cut the quantity sold without having to accept lower pricing the more elastic the supply curve is. The implementation of an excise tax yields little income in a market when supply and demand are both very elastic.To learn more about Excise tax refer to:
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true or false: as the years go by, the interest portion increases and the principal payment decreases. true false question. true false
The price of using credit is interest. This expense is determined by the applicable interest rate. Interest rates are influenced by supply and demand, just like most other commodities. The answer is False.
The cost of credit will rise In response to a rise in credit demand, which will result in higher interest rates. On the other hand, when loan demand declines, interest rates will go down.The assertion is untrue since a bond that pays fixed interest rate instalments will generally be worth more overall when the overall interest rate is lower.Bonds with set interest rate payments will be more in demand, whereas bonds with adjustable interest payments will be less popular. Because they are less hazardous, bonds with fixed interest rate payments typically have a greater face value than flexible bonds.Adding accrued interest to the principal balance through capitalization of interest results in an increase in the loan’s interest-bearing principal balance.This occurs when a balance of principal and unpaid interest is rolled over, raising the total amount due. It is the addition of unpaid interest to the loan’s principle amount.
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though generally managers are thought to plan, organize, lead, and control across four types of organizational resources, managers may specialize in one specific resource area. for instance, primarily manage employees and decisions related to employee efficiency and effectiveness
Though generally managers are thought to plan, organize, lead, and control across four types of organizational resources, managers may specialize in one specific resource area. For instance, human resource managers primarily manage employees and decisions related to employee efficiency and effectiveness.
Human useful resource management (HRM or HR) is the strategic and coherent technique for the powerful and green management of people in a business enterprise or corporation such that they help their commercial enterprise benefit a competitive benefit. it is designed to maximize workers' overall performance in the carrier of a corporation's strategic goals. Human resource management is usually involved with the management of humans within groups, specializing in guidelines and structures.
HR departments are responsible for overseeing employee-advantages layout, employee recruitment, training and improvement, overall performance appraisal, and praise control, together with dealing with pay and worker-benefits systems. HR additionally concerns itself with organizational change and industrial members of the family, or the balancing of organizational practices with necessities arising from collective bargaining and governmental laws.
the general purpose of human sources (HR) is to make certain that the agency is able to gain success thru human beings. HR specialists manipulate the human capital of an organization and recognition by imposing rules and methods. they are able to focus on locating, recruiting, deciding on, educating, and developing personnel, as well as keeping worker family members or benefits. training and development professionals make certain that personnel are skilled and feature continuous improvement.
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if edsel uses the sales revenue approach for estimating the allowance for credit losses, the allowance for credit losses, after the proper adjustments to the accounts are recorded, should show a balance of
For estimating the allowance for credit losses, after the proper adjustments to the accounts are recorded, should show a balance of $13500.
What causes a credit loss?The company's financial statements treat the provision for credit losses as an expense. Delinquent and bad debt as well as other credit that is anticipated to default or become unrecoverable have caused their expected losses.
Losses on credit result from defaulted borrowers. As future repayments fail to materialize (or evidence mounts that they won't materialize), banks value loans as the (discounted) value of those repayments. According to accounting standards, banks must report the decline in the value of these loan assets.
Credit Sales = $600000
Estimated uncollectible = 0.02 of $600000
= $ 12000
Balance in uncollectible = 1500 + $ 12000
= $13500
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in a pure monopoly the firm is willing to sell to anyone willing and able to pay at least the marginal cost of production. the result is that output is produced where d = mc which is _________ efficient.
In a pure monopoly, the firm is willing to sell to anyone willing and able to pay at least the marginal cost of production. the result is that output is produced where d = mc which is allocatively efficient.
Monopoly firms will no longer obtain efficient performance as firms will produce an output that is less than the output of min ATC. X-inefficiency can also arise since there may be no competitive pressure to provide at minimal feasible costs.
For the reason that there's no competition in a monopolistic market, a monopolist can manage the charge and the amount demanded. The extent of output that maximizes a monopoly's income is calculated by equating its marginal value to its marginal sales.
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a friend says that when two people form a general partnership, it is just like two sole proprietors working together to run the same business. do you agree or disagree? explain.
I disagree due to the fact a widespread partnership is in which you're splitting the duties.
The required details for general partnership in given paragraph
For a sole proprietorship, sure you're operating with a person else on this situation, however you continue to have your personal duties to your personal company. A widespread partnership is a commercial enterprise association through which or greater people comply with percentage in all assets, profits, and monetary and criminal liabilities of a jointly-owned commercial enterprise. In a widespread partnership, companions comply with limitless liability, which means liabilities aren't capped and may be paid thru the seizure of an owner's assets. Furthermore, any companion can be sued for the commercial enterprise's debts.
Each is answerable for their private tax liabilities—inclusive of partnership earnings—on their earnings tax returns as taxes do now no longer float thru the overall partnership.
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James is 14 and most of his peers have already started puberty, and he’s feeling left behind, labeled as a "late bloomer. " james may have an increased risk for what?.
James is 14 and most of his peers have already started puberty, and he’s feeling left behind, labeled as a "late bloomer". James has a higher risk of being bullied.
What does the term "bully" refer to?A domineering, browbeating individual Particularly: one who regularly treats people who are smaller, weaker, or otherwise vulnerable with cruelty, insults, or threats .Bullied by a nearby neighbourhood child.
What is the main concept behind Stomp Out Bullying?All students will benefit from the culture change efforts of STOMP Out Bullying. It aims to lessen and stop bullying, cyberbullying, and other forms of online abuse, dissuades racism, homophobia, and prejudice against LGBTQ+ people, and discourages violence in schools, online, and in local communities across the nation.
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in what type of retirement plan does the employer make the investment decisions? defined-benefit (db) plan defined-contribution (dc) plan target date fund certificate of deposit (cd)
In (D) certificate of deposit (cd) of the retirement plan, the employer makes the investment decision.
What is a certificate of deposit (cd)?A time deposit, also known as a certificate of deposit, is a financial product that is frequently offered by banks, thrift institutions, and credit unions in the US. Savings accounts and CDs are not the same things because a CD has a definite duration and often pays a fixed interest rate. The employer makes the investment selections for the retirement plan with certificates of deposit.A certificate of deposit (CD) can increase your interest earnings while keeping your money invested in a relatively safe manner. CDs are a low-risk method of investing. CDs are seen as low risk because they are FDIC-insured up to $250,000, similar to savings accounts.Therefore, in (D) the certificate of deposit (cd) of the retirement plan, the employer makes the investment decision.
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correct question:
In what type of retirement plan does the employer make the investment decisions?
a. defined-benefit (DB)
b. plan defined-contribution (dc)
c. plan target date fund
d. certificate of deposit (cd)
The tendency to save marginal income (or the percentage of the extra income that is saved) is called the ___________ .
a) APC
b) APS
c) MPC
d) MPS
The tendency to save marginal income (or the percentage of the extra income that is saved) is called the MPS.
Marginal propensity to save (MPS) is the percentage of an increase in profits that get saved instead of spent on consumption. MPS varies by using earnings level and is usually higher at better earnings.
APS= savings/ earnings = S/Y. Marginal Propensity to store refers to the percentage exchange in financial savings for each rupee of exchange within the earnings.
It is the ratio between the trade-in profits and the correspondent trade-in savings. MPS= change in savings/ exchange in earnings= ^S/^Y.
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net sales on an income statement equals sales revenue ______.
Net sales on an income statement equal sales revenue reported by a company on its income statement.
Net sales are the company's total gross sales minus profits, discounts, and rebates.
Calculating net sales is not always transparent to the outside world. They can often be included in the income statement above that is declared on the income statement. Gross sales value refers to the total revenue your business generates before discounts, returns, and subsidies. Using total sales, you can subtract all other deductions, such as discounts, returns, and allowances. For example, if you have total sales of $100,000 minus $2,000 in sales rebates, $1,000 in sales rebates, and $1,000 in sales returns, your net revenue is $96,000.Learn more about Net sales here: https://brainly.com/question/14273499
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in long run equilibrium, economic profit for firms operating in a competitive market are: a. always positive. b. zero. c. always equal to accounting profit. d. always negative.
In long run economic equilibrium, economic profit for the firms operating in competitive market are always equal to accounting the profit.
What is an economic equilibrium?When supply and demand, for example, are balanced and there are no outside effects, there is economists refer to as economic equilibrium. In this condition, values of economic variables remain constant. Market equilibrium in this context refers to a situation where a market price is created through competition such that the quantity of goods or services sought by buyers. The quantity is referred to as the "competitive quantity" or the "market clearing quantity," and the price is frequently referred to as the competitive price or the "market clearing price". Although it takes the form of Nash equilibrium, the economic idea of equilibrium also applies to markets with imperfect competition.
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The program chair in the business administration division is retiring at the end of the year, but jana has no desire to apply for the position because she knows it would mean longer hours and more administrative work for not much more money. Which aspect of expectancy theory does this best describe?.
The part of expectation theory that most accurately describes Jana's situation is "Valence," as she knows the post would require more administrative labor for not much more pay.
What is meant by Valence in expectation theory?According to the conditional variance of interest rates' expectations theory, market forecasts for future yields are the main factor that links the yields across financial assets with different maturities.
At various points in time, both theological and policy disputes have included the expectations theory prominently.
Value creates an emotional orientations people have toward results (rewards).
the intensity of a worker's desire for extrinsic (such as monetary, professional, leave, or benefit) or internal (such as satisfaction-based) rewards).
Management needs to learn what the workforce values.
Thus, Jana's circumstance most closely fits the "Valence" portion of expectation theory because she is aware that the position would necessitate extra administrative work for little to no additional income.
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The major cost of monopoly is that:
a. it has market power.
b. market output is too high.
c. the price is too high.
d. it is inefficient.
Monopoly power is another name for market power. Since a competitive business is a "price taker," it cannot alter a product's price.
Because each competitor is so small in comparison to the market, they have no effect on price. The term "price makers" also refers to businesses with market power.
How much do monopolies cost?
The loss of static efficiency is the price of monopoly. A monopoly results in a Deadweight Loss, or the value of trades that are not taken, in comparison to a market that is competitive. The decrease in consumer surplus is greater than the increase in producer surplus, as can be seen below.
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A company needs construction equipment to complete a project over the next 20 months. The equipment costs $10,000. Instead of purchasing the equipment with a 12% note, the company leases the equipment with payments of $300 due at the end of each month. For what amount would the company record the lease liability at the beginning of the lease?.
The correct answer is $5414
Lease liability = monthly lease payment * Present value annuity (1%,20) = 300 * ((1-(1.01)^-20)/.01) = 300*18.04555 = $ 5414. Thus the correct answer is $ 5414.
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companies implement total quality management systems to help manage quality costs to achieve the highest level of
Companies implement total quality management systems to help manage quality costs to achieve the highest level of customer satisfaction.
Customer satisfaction is defined as a measure of customer satisfaction with a company's products, services and features. Customer satisfaction information, such as surveys and ratings, helps companies determine how best to improve or change their products and services.
The key to great customer service is building good customer relationships. Customers can make a great impression by thanking them and promoting a positive, helpful and friendly environment. Satisfied customers come back often and are likely to pay more.
The importance of customer satisfaction cannot be overemphasized. There is a direct correlation between customer satisfaction and company sales. Customer Satisfaction (CSAT) influences repeat purchases, customer loyalty and word of mouth, helping you make informed business decisions.
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land was acquired in 2021 for a future building site at a cost of $41,100. the assessed valuation for tax purposes is $27,900, a qualified appraiser placed its value at $48,900, and a recent firm offer for the land was for a cash payment of $45,400. the land should be reported in the financial statements at:
historical cost - Land was acquired in 2021 for a future building site at a cost of $41,100.
What is historical cost concept?
Acquisition cost or historical cost is the original cost of an asset as recorded in an entity's financial records. This concept is explained by the cost principle which states that an asset, liability or interest should be recognized only at its original cost.
the assessed valuation for tax purposes is $27,900, a qualified appraiser placed its value at $48,900, and a recent firm offer for the land was for a cash payment of $45,400. the land should be reported in the financial statements at $41,900.
In accordance with the "historical cost concept" of accounting, property, plant and equipment are shown in financial statements at the cost at which they were acquired.
As a result, the asset should be reported on the financial statements at $41,900. This is the cost of the property when acquired in 2021.
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Over the past two decades, a snack food manufacturing company has purchased a cigarette manufacturer, a number of television stations in the united states, and a high-end apparel company. What is this an example of?.
A cigarette manufacturer, several US television stations, and a high-end clothing business were all acquired over the past 20 years by a snack food manufacturing company. Conglomeration can be seen in this instance.
Conglomeration: What is it?Conglomeration refers to the procedure that leads to the formation of a conglomerate, such as when a parent corporation starts to buy out subsidiaries. Conglomeration can also refer to a period of time when numerous conglomerates form at once.
The protection it gives the parent firm against potential takeovers is one of the main benefits of amalgamation. A conglomerate is a business organization made up of two or more companies that operate in completely unrelated or closely related industries and are part of the same corporate group. A conglomerate is frequently a huge, international firm with multiple industries.
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joshua's truck was stolen in florida, while he was on his way to meet his friend in alabama. joshua's case could not be tried in alabama. a court in alabama normally does not have the jurisdiction to hear a case involving a crime committed in florida. which of the following indicates the reason for this situation?
Joshua's case could not be tried in Alabama. a court in Alabama because it was not in the courts jurisdiction.
What is jurisdiction?legal jurisdiction is a court's right to hear cases and make decisions. This power has a constitutional foundation. Examples of judicial jurisdiction include concurrent jurisdiction, which allows a lawsuit to be filed in either of two or more courts, federal jurisdiction, where a superior court has the authority to overturn legal errors committed by a subordinate court, and appellate jurisdiction (as opposed, for example, to state jurisdiction). A court could also be permitted to conduct business inside a specific region. In the United States, only minor offenses are subject to summary jurisdiction, in which a magistrate or judge has the authority to conduct proceedings that result in a conviction without a jury trial.Hence, Joshua's case could not be tried in Alabama. a court in Alabama because it was not in the courts jurisdiction.
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Think of the bank you or your family uses. What are some things that are positive or negative about the bank? what are some questions you have that you would like to know?.
Banks have benefits. Public wealth is safe. Cheap Loans are available. Economy's propellant massive scale economies Rural area development. World Wide.Banks' shortcomings. Chances that a bank will fail.
A bank is a type of financial institution that lends money while also accepting deposits from the general public and generating demand deposits. The bank can carry out lending activities directly or indirectly through capital markets.
Most jurisdictions place a high degree of regulation on banks because they are crucial to both the financial stability and the economy of a nation. The majority of nations have institutionalized a system of fractional reserve banking, in which banks hold liquid assets that are only partially equal to their current liabilities. Banks are typically subject to minimum capital requirements based on an international set of capital standards, the Basel Accords, in addition to other regulations meant to ensure liquidity.
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a class-action suit against a utility company resulted in a settlement of $1.45 million for 63,000 customers. if the legal fees, which must be paid from the settlement, are $300,000, what amount will each plaintiff receive? (round your answer to 2 decimal places.)
The amount of money that each plaintiff will receive is $18.25.
What is money?a current medium of exchange in the form of coins and banknotes.
How to calculate how much money that each plaintiff will receive from the question?
First, let's identify what was informed from the question.
Settlement money = $1.45 million
Legal fees for the settlement = $300,000
Number of plaintiff = 63,000 customers
Now, we want to calculate the amount that will be received by each plaintiff
Amount received = net money / number of plaintiff
= (1,450,000 - 300,000) / 63,000
= $18.25 (rounded)
So each plaintiff will get $18.25 for the settlement money
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When designing a project schedule, the ____________ of the schedule provides the level of detail for monitoring the progress of the project so that everyone has the same understanding of what must be achieved by when.
When designing a project schedule, the network diagrams of the schedule provides the level of detail for monitoring the progress of the project so that everyone has the same understanding of what must be achieved by when.
What is a schedule for a design project?
A draft plan is an estimated timetable for particular actions. Project design timeline estimates are built from individual action design timeline estimations. Getting everyone to agree might be challenging. The initial project meeting might not be sufficient due to the numerous moving pieces, various deliverables, and cross-departmental collaboration.
The ability to align concepts, procedures, and results exists in project design. This stage of the project lifecycle occurs early on, frequently before project planning and charter. This is due to the fact that the project overall rather than the precise specifics are the main focus.
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a tax levied on coal-fired plants that is based on the amount of carbon released in the atmosphere is considered by the firm as a:
A tax levied on coal-fired plants that is based on the amount of carbon released in the atmosphere is considered by the firm as a variable cost.
What is variable cost ?Costs that change as the volume increases are known as variable costs. Raw materials, piece-rate labor, production supplies, commissions, shipping expenses, packing costs, and credit card fees are a few examples of variable costs. The "Cost of Goods Sold" is the name given to the variable costs of production in some accounting statements.Any expenses that vary according to how much a business produces and sells are considered variable costs. As a result, variable costs grow with rising production and diminish with falling production. In terms of variable costs, labor, utility prices, commissions, and raw materials are some of the most typical categories.To learn more about variable costs refer to:
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