What decision support strategy uses a technique based on identifing a similar problem with a known effective solution, and apply the approach to this problem?.

The needs are physiological (food and clothes), safety (work security), love and belonging needs (friendship), esteem, and self-actualization going up the hierarchy in order. Prior to addressing needs higher up the hierarchy, people must attention to those lower down.

1. Physiological needs, such as air, food, water, shelter, clothes, warmth, sex, and sleep, are biological necessities for human survival.

The human body cannot function at its best if these demands are not met. Maslow regarded physiological needs as being more significant than all other wants because, unless these needs are addressed, all other needs become secondary.

2. Demands for safety - after a person's physiological desires are met, their needs for safety and security become apparent. The family and society can meet these needs (e.g. police, schools, business, and medical care).

3. Love and belongingness requirements - Following the satisfaction of physiological and safety needs, the third level of human needs is social and entails a sense of belonging. A human being's emotional need for interpersonal connections, affiliation, connectedness, and group membership is known as belongingness. Friendship, closeness, trust, acceptance, receiving and giving affection, and love are a few examples of belongingness demands.

4. The Maslow hierarchy's fourth level, esteem needs, includes respect, self-worth, and achievement. Maslow divided esteem requirements into two categories: the need for respect or repute from others, and the need for regard for oneself (dignity, achievement, mastery, independence) (e.g., status, prestige).

5. self-actualization- Maslow's hierarchy of needs places fulfillment of one's potential, the pursuit of personal improvement, and awe-inspiring experiences at its highest level. This level, according to Maslow (1943), is the drive to achieve one's full potential and maximize one's potential. One person might, for instance, have a tremendous desire to become the perfect parent. In another, the urge might manifest itself in the arts, sciences, or sports.

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According to the information, economists could predict that jogging would provide her utility.

Utility is a concept used in economics to represent worth or value. Its application has drastically changed over time. Philosophers of morality like Jeremy Bentham and John Stuart Mill first used the phrase to describe a measure of pleasure or happiness as part of their utilitarianism thesis. Within neoclassical economics, which dominates contemporary economic theory, the phrase has been modified and repurposed to refer to a utility function that expresses a single consumer's choice ordering over a set of options but is not comparable across individuals. This concept of utility is more precisely defined than the original definition but is less helpful for making ethical decisions because it is personal and relies on choice rather than on pleasure experienced.

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Trade associations fall under the category of peak associations since only corporations, not individuals, may join. The Sierra Club, that has more than 2 million individual members, is just a sample of a mass association.

Peak associations refer to specific organisational kinds since they effectively represent the largest groups in a nation for that organization's field of interest. They are typically created to provide standards and procedures, or to represent all representatives when lobbying government officials or advancing the interests of the members.

Mass association is refers to a group or assembly of individuals and not organizations, each individual speaks for himself and not on behalf of an organization.

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In regular inventory status records, what you don't want to see are lost items.

Inventory is a list of goods owned by a particular company or group. In inventory also known as office inventory and inventory of goods. Office inventory is a complete list of all items owned by the office, such as office stationery, computers, telephones, photocopiers, and so on. Meanwhile, inventory is a list of all goods owned by a company or institution.

Inventory recording is usually done using an inventory book. Inventory book is a book that contains all records related to company inventory. The inventory book contains data that includes location, type, quantity, size, price, year of purchase, origin of goods, to item numbers.

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The two example John Elliott used to explain ethical dilemmas in the banking business is the Conflicts of interests and suppressing financial information

Ethical dilemmas occurs  because ethics are inherently contradictory. Employees can sometimes  face situations where compromising on telling the truth  seems to serve other valued goals, like  maximizing profits or avoiding layoffs.

An identification  of ethical dilemmas will provide  you a better idea of how you may  resolve them should before  they arise. Prompt resolution of ethical dilemmas ensures proper  operations, keeps employee morale high, improves  the strength of leadership, and enhances the public profile of companies.

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The sentence has compound sentence.

Thus the correct answer is B.

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This error is treated on the bank reconciliation by subtracting $69 from the book balance.

In secretary, a bank conciliation is a process by which the bank account balance in a reality’s books of account is conformed to the balance reported by the financial institution in the most recent bank statement. Any difference between the two numbers needs to be examined and, if applicable, remedied. Bank Reconciliation is an important process in accounts in which associations match their bank statements with the deals that are recorded in their general tally. Preparing a bank conciliation statement helps businesses to exclude possible crimes in deals or bookkeeping.

There are five primary types of account conciliation bank conciliation, seller conciliation, business-specific conciliation, intercompany conciliation, and client conciliation.

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Alex purchases a computer from Dell, and it is delivered by Fed Ex.  When thrown, the PC suffers damage. No, because ownership of the object passes to the buyer the moment a common carrier gets it.

A private or public organisation that moves people or products from one location to another for a fee is referred to as a common carrier under U.S. law. Public utilities and telecommunications services are also referred to using this phrase.

A company or organisation that provides transportation services for people, commodities, or communications to the general public

the act of moving people or things from one location to another using a variety of ways is called transportation. An indicator of civilization and particularly of technical advancement is the increase in the capacity—and the requirement—to move vast amounts of cargo or big populations over great distances at high speeds in safety and comfort.

Numerous articles discuss transportation. See energy conversion to learn about the main forms of propulsion utilised in contemporary modes of transportation. See military technology for details on vehicles used in combat.

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Using communication and the resources at hand, case management is a collaborative process that involves assessment, planning, facilitation, care coordination, evaluation, and advocacy for options and services to meet the comprehensive health needs of an individual and their family. Its goals include promoting patient safety, high standards of care, and outcomes that are both efficient and affordable.

Everybody benefits when a person achieves the highest degree of wellness and functional capability, including the people being treated, their support networks, the health care delivery systems, and the many reimbursement sources. This is the fundamental tenet of case management.

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The total value of all finished products and services produced in an economy during a specific time period—typically a year—is measured as GDP.

GDP is calculated as the sum of government spending, investment spending, and net exports.Intermediate goods are not included in the GDP.Therefore, it is not the market value of all commodities and services produced by an economy over the course of a year.Federal government’s overall spending Government spending is what is done over the course of a year.

The entire market value of all the FINAL goods and services produced in a nation over a given time period, often a year, is known as the gross domestic product (GDP).The inclusion of the word “FINAL” in this context is crucial since OVERSTATING would result from counting intermediate items.For instance, if Toyota purchases iron from Parrain Mining to produce automobiles, the cost of the car itself—rather than the cost of the iron from Parrain—will be used to compute GDP.

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Which of the following represents total saving for an economy: e) none of the above.

An economy can be defined as a function of how the various means of production, money, including scarce resources and raw materials are carefully allocated and used to facilitate the demand and supply of goods and services in a country, so as to meet the unending needs or requirements of consumers.

In Economics, total saving can be defined as a sum total of the periodic contributions that are to be made by individuals under a given savings contract, as well as the bonuses that are payable to all qualified beneficiaries.

In conclusion, the total saving for an economy can be calculated by dividing the excess of national income by both consumption and taxes.

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Answer:

Renting a boat business, Repair vehicle business, Apple Picking business.

Proactive companies are much less likely to be blindsided by crises and negative surprises.

In the field of business, proactive companies can be described as kind of companies that focus on future strategies and also interpret and resolve difficulties that might arise in the future.

Where most of the companies are focused on achieving present-time goals, proactive companies focus on future goals and problems as well.

Hence, proactive companies are less likely to suffer from any kind of negative crises or surprises as they are prepared for the future.

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Supply Chain refers to a group of at least three businesses that are directly connected by at least one of the upstream and downstream flows of goods, services, money, and information from a source to a client.

The term "goods" in economics refers to things that fulfill human needs and offer utility, such as to a customer buying a fulfilling product. The terms "transferable commodities" and "transferable services" are frequently used interchangeably. A good is said to be "economic" if it is helpful to people but is also difficult to come by given the demand for it. In contrast, free goods—like air—are always available and don't require any deliberate effort to obtain.

Private goods are items that people own and use regularly, such as televisions, couches, wallets, cell phones, and nearly anything else that isn't a food item.

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In general, the optimal level of pollution to either prevent or to clean up occurs where the marginal benefit of preventing pollution equals the marginal cost of preventing pollution.

Pollution simply refers to the contamination, destruction, or physical degradation of an environment, especially through the littering of waste products (garbage) by humans or an emission of hazardous chemical compound (substances) by various industries.

Marginal cost can be defined as the additional amount of money that is paid by a business firm for the production of an additional unit of a good (product) or service.

Generally speaking, we can reasonably infer and logically deduce that an optimal level of pollution in either preventing or cleaning up a physical environment typically occurs at the point where the marginal benefit (MB) of preventing pollution is equal to the marginal cost (MC) of preventing pollution.

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Current Assets is $9,330 using the adjusted trial balance for Stockton Company which can be reasonably expected to be used during the current fiscal year.

Using the adjusted trial balance for Stockton Company:

Current Assets = Cash + Prepaid Expenses + Accounts Receivable

= $6,530 + $700  + $2,100

= $9,330

A current asset is defined in accounting as any asset that can be reasonably expected to be sold, consumed, or exhausted during the current fiscal year, operating cycle, or financial year.

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The question was incomplete. Check below the full question.

Account No. Debit BalancesCredit BalancesCash116,530 Accounts Receivable12 2,100 Prepaid Expenses13 700 Equipment18 13,700 Accumulated Depreciation19 1,100Accounts Payable21 1,900Notes Payable 22 4,300Bob Steely, Capital31 12,940Bob Steely, Drawing32 790 Fees Earned41 9,250Wages Expense51 2,500 Rent Expense52 1,960 Utilities Expense53 775 Depreciation Expense54 250 Miscellaneous Expense59 185 Totals 29,49029,490

Use the adjusted trial balance for Stockton Company. Determine the current assets.

$1804000 is the depletion in Year 1.

$2024000 is the depletion in Year 2.

Depletion expenses per cubic feet=Cost incurred/No. of cubic feet extracted

Depletion expenses per cubic feet        

9240000/4200000 =  2.2

Year 1 Depletion        

820000*2.2 = $1804000    

Yer 2 Depletion            

920000*2.2 = $2024000

The depletion rate is a price against income for the usage of natural sources.

The depletion concept is most commonly used in the mining, wooden, and oil and gasoline industries, where exploration and development prices are capitalized, and depletion is wanted as a logical system for charging these charges to fees.

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The range of products and services it should offer, and the global markets it should compete in. The boundaries of the firm are the executives primarily determining.

Global marketing is described as "marketing on a global scale harmonizing or taking global operational differences, similarities and opportunities to achieve global objectives." Marketing goods, services, and solutions to clients locally, nationally, and worldwide falls under the umbrella of global marketing, a subfield of general business management.

When a company operates worldwide or across international borders, they are using marketing principles internationally. A company can enter the market by exporting its goods to other countries, entering the market through a joint venture with another company domestically, or by attracting foreign direct investment. The growth of the Global marketing mix is dependent on international marketing.

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Advocates of trade barriers suggest that barriers to trade are needed to protect producers who are just starting out so that they can become more established.

A barrier to trade could be a government-imposed restraint on the flow of international merchandise or services. Those restraints are generally obvious, however, are most frequently delicate and non-obvious.

The most direct barrier to trade is an embargo– a blockade or political agreement that limits a remote country’s ability to export or import. Embargoes still exist, but they're troublesome to enforce and don't seem to be common except in things of war.

The most typical barrier to trade is a tariff–a tax on imports. Tariffs raise the worth of foreign goods relative to domestic goods . Another common barrier to trade is a government subsidy to a specific domestic industry. Subsidies build those merchandise cheaper to provide than in foreign markets. This ends up in a lower domestic price. each tariff associated with a degree subsidy raises the worth of foreign goods relative to domestic goods, which reduces imports.

Barriers to trade are usually known as “protection” as a result of their declared purpose is to defend or advance particular industries or segments of an economy.

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Cost of products sold: is $948000 for the given values that is mentioned in question

Explanation:

The initial year's inventory was $63,000.

Inventory at year's end equals $53,000

Cost of goods sold is calculated as follows: Beginning inventory - ending inventory

Cost of goods sold equals $63000 + 21700 +131700 + 161700+411700 -$53000.

Cost of goods sold: $948,000

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Accordingly, if dome metals has credit sales of $144,000 annually with credit terms of net 120 days, the net change in income if the new credit terms are adopted is a net gain of $2,880.

If the new credit terms are used, there will be a net change in income of $2,880.

The business should offer a discount since the 5% discount will result in a $2,880 net gain.

a. If Dome earns 25% on sales before discounts, what will the net change in income be if the revised credit terms are adopted?

$144,000 in previous sales

New Sales = Old Sales * 100% + % Sales Growth, or $144,000 * 100% + 20%, to equal $172,800.

Sales Growth is New Sales - Old Sales, or $172,800 - $144,000, or $28,800.

Profit Margin * Sales Growth = 25% * $28,800 = $7,200 for an increase in profit from new sales.

Average Accounts Receivable, net of discounts, credit equals Average Collection Period * Average Daily Sales, or 120 * ($144,000 / 360) = $48,000.

Average Accounts Receivable plus Discount = Average Collection Period * Average Daily Sales = 10 * ($172,800/360) = $4,800

Average accounts receivable without discount minus average accounts receivable with discount equals $48,000 minus $4,800, or $43,200.

Reduced accounts receivable as a result of the loan sum.

Interest Saving is equal to Interest Rate x Loan Reduction, which equals 10% * $43,200, or $4,320.

Net Gain (Loss) = Increase in credit Profit from New Sales + Interest Saving - Cost of Discount = $7,200 + $4,320 - $8,640 = $2,880 Cost of Discount = Discount Rate * New Sales = 5% * $172,800 = $8,640

The net change in income if the new credit terms are adopted is a net gain of $2,880.

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The complete question is

Dome Metals has credit sales of $144,000 yearly with credit terms of net 120 days, which is also the average collection period. Assume the firm adopts new credit terms of 5/10, net 120 and all customers pay on the last day of the discount period. Any reduction in accounts receivable will be used to reduce the firm's bank loan which costs 10 percent. The new credit terms will increase sales by 20% because the 5% discount will make the firm's price competitive.

Required:

a. If Dome earns 25 percent on sales before discounts, what will be the net change in income if the new credit terms are adopted?

b. Should the firm offer a discount?

2%  is the annual rate of depreciation as indicated by the market.

First, we have to determine the value of the structure since the land can never be depreciated.

The cost of the old property is given as $240,000 and the cost of the lot is given as $100,000. Therefore, the value of structure can be calculated as,

The useful life of an asset= Cost of property-Cost of lot

=240,000$-100,000$

=140,000

Therefore, the residual value is 140,000$

By using straight-line type depreciation, since the building costs $200,000(cost of asset)  it can be determined as,

Here, Depreciation= Cost of an Asset – Residual Value/Useful life of an Asset

$200,000-$140,000

=60,000

So, the building is depreciated by $60,000 since it was built. Now, this is equated per year as the year given is 20.

Therefore, Annual depreciation amount=depreciation value/year

=60,000/20

=3000

So, $3000 is the annual depreciation but here we have to find the annual rate of depreciation and it can be determined by dividing the annual depreciation by the value of the structure. That is,

Annual rate of depreciation = Annual depreciation amount/cost value of structure. That is,

3000/140,000

=0.02

Therefore it is calculated by the market indication as a 2% annual rate of depreciation.

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The final goods will be those that are taken into account for calculating GDP (gross domestic product), while intermediate goods and used goods will not be.

The following items won't be counted twice and therefore won't be included in GDP:

1. the skateboard wheels that will be produced and sold new

2. a secondhand copy of the video game Tony Hawk

3. a second-hand skateboard you purchase for your brother

4. an old skateboard for collectors

5. an X Games ticket purchased from a stranger on a street corner.

The following items will be accounted for in the GDP:

1. a fresh skateboard that you purchase for your niece

2. the commission given to the vendor of an old collectors item

3. Tony Hawk Industries' new headquarters

Gross domestic product, or GDP, is the market worth of all commodities and services generated inside an economy's borders within a given financial year. The calculation of economic growth is based on the calculation of GDP. Only final commodities are taken into account when determining the GDP value; intermediate and used goods are excluded.

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The question was incomplete. Check below the full question.

The market value of which of the items would be considered DOUBLE (or MULTIPLE) COUNTING in the calculation of GDP?

Please place items into the appropriate category.

A. a used skateboard you buy for your brother

B. the commission paid to the seller of a previously owned collectors skateboard

C. a new building for tony hawk industries

D. used copy of the tony hawk video game

E. previously owned collectors skateboard

F. ticket for the X games bought from a person on a street corner

G. new skateboard you buy for your niece

H. Wheels used to produce a skateboard that will be sold new

Sensitivity analysis can be described as the investigating a multitude of what-if possibilities involving simultaneous changes in fixed cost, variable cost, and volume.

Sensitivity analysis can be determined as the study of how the uncertainty in the output of a mathematical model or system can be divided and allocated to different sources of uncertainty in its inputs. The different values of an independent variable affect a particular dependent variable under a given set of assumptions is can be determined using sensitivity analysis. Sensitivity analysis can be defined into two types, such as:

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Yvette's American opportunity tax credit (AOTC) will be 100% of 3000 = 3000 + 25% of 27000 = 6750, amounting to $9750

For eligible education costs incurred throughout the first four years of a student's postsecondary education, there is a tax credit known as the  American opportunity tax credit (AOTC). Each eligible student may receive up to $2,500 in credit each year. The AOTC can be claimed on a tax return by the student, a person listing the student as a dependant, or a spouse paying postsecondary education payments.

The costs associated with attending the student's school, such as tuition, fees, and course materials, do not count as qualified educational expenses, nor do they cover housing and board, healthcare costs, insurance, or travel.

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The new price ratio when the price of good X increases from $6 to $12, will be 3/2 or 1.5.

Given,

Let the two goods be X and Y

Price of good X = Px

Price of good Y = Py

Price ratio of two goods = 3/4

budget = $100

Initial price of good x (Px) = 6

Price ratio = Px/Py

3/4 = 6/Py

Py = 8

6X +8Y = 100

The initial price of good Y is = 8

Increase in price of good X to 12

The new price ratio = Px/Py = 12/8 =3/2 =1.5

The new price ratio =3/2 =1.5

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The value of investment will grow to $16,339 after 20 years.

We are given the following:

Present value=$1500

Interest rate=12%

Number of years=20

Now, calculate the future value of the investment as follows:

Future value=Present value *(1+ Interest rate )^number of years

=$1,500*(1+(12%/12))^(12*20)

=$1,500*(1+1%)^(240)

=$16,338.83

Therefore, the future value is $16,339

Hence, value of investment after 20 year will be $16,339

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Foot locker has mastered online and mobile efforts that link seamlessly with store​ operations, offering options such as​ buy online, ship from​ store and​ buy online, reserve in​ store for pickup. This is an example of omni-channel retailing.

What is Omnichannel Retailing?

The term "omnichannel retailing" refers to a retailer's efforts to offer a unified, coordinated consumer experience through all relevant customer channels while utilizing standardized, global data. Omnichannel retailing refers to the strategies used by these businesses to integrate and make the most of these many channels in order to strengthen their relationships with customers, carry out more efficient marketing campaigns, and boost share of wallet.

Similar to multi-channel selling, omnichannel retailing typically involves a wider view of the opportunity. Omnichannel retailing prioritizes data and infrastructure preparedness to give a comprehensive view of the customer relationship on any channel at any time, in contrast to multi-channel retailing, which concentrates on expanding the number of supported channels.

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Industry associations and professional journals are the best type of secondary research vehicle this company should use.

A sort of study called "secondary research" refers to information that has already been obtained, arranged, and published by someone else. Reports and studies from governmental organizations, professional associations, and other companies operating in your sector are included. So for approaching Industry-wide information the toaster oven company can depend upon associations and journals which is the best secondary research method.

Books, personal sources, journals, newspapers, websites, government documents, and other sources are examples of secondary data sources. There are several locations where you can get secondary data for free. These include both internal and external sources, including business sales and analytics data, sector-or government-specific publications, and publicly available market research polls.

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After 13 months Jacob  will have a total of $1475 .

A money market account is an interest- applying account that you can open at banks and credit combinations. They're veritably analogous to savings accounts, but they offer some checking account features as easily. Money market accounts are different from money market collective finances.

Let us assume it takes 'x' months .

Now the initial deposit = 500 dollar

The monthly deposit = $75

Therefore , we have

                500 + ( 75 × X) = 1475

                    75x = 1475 - 500

                     75x = 975

                       x = 975 ÷ 75

                     x = 13

Hence after 13 months Jacob will be having total of $1475.

A minimum deposit or original deposit is the minimum quantity of money needed to open an account with a fiscal institution, similar as a bank or brokerage establishment.

Money market accounts are analogous to savings accounts in that they're initially designed for storing redundant money down while earning interest. still, they also come with some checking account features, comprehending the capability to write checks.

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