Burden rates are a method of accounting for labor costs on your project. Essentially, each employee costs you a specific amount to have at your organization, and that cost is measured on your projects when they work on them.
How do you calculate labor costs?Add the whole cost of what an employee spends to manufacture a product or provide a service. Their earnings, taxes, and benefits are all included. Then divide that figure by the number of hours worked by the employee.
Labor cost percentages range from 20 to 35 percent of gross sales on average. Appropriate percentages differ depending on the industry. A service company may have an employee percentage of 50% or higher, but a manufacturer must normally maintain the figure of around 30%.
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Julie wants to buy a car and is deciding how she should invest her money. To best meet her needs, she should
keep her money in a checking account for easy access.
invest in US savings bonds because of its short term.
invest in a commodity because of its low risk.
keep her money in a savings account for easy access.
Julie is considering purchasing a car and determining how to invest her money. Because of the short term, she should invest in US savings bonds to best satisfy her needs.
What is US saving bonds?United States savings bonds are liability instruments issued by the United States Department of the Treasury to assist the federal government in meeting its borrowing needs.
Because they are guaranteed by the full faith and credit of the United States government, US savings bonds are regarded as one of the safest investments, it is benefited for the investor to invest in these bonds for short term for more returns.
Therefore, option B is correct.
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why made the menu design
Designing the menu is important as a good restaurant menu design is key to any restaurant's marketing plan. So, while desigining a menu it should express the eatery's personality.
While desigining a menu one should provide a range of options on the menu, which means that by this action you increase the likelihood of customers finding a dish to suit their taste. Thus, by appealing to a broader audience, you improve the odds of customer satisfaction.
Here an effective menu design should communicate the brand, the ambiance, the vision, the food & beverage offerings, and also the overall experience which a guest expects to have. Thus, this is a key to any restaurant's marketing plan.
Hence, a properly designed menu directs the attention of customers.
The given question is incomplete, the complete question is-
Why do we design the menu?
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can i have a help in creating a questionnaire of manipulation's technique in advertising for research paper please?
What is the effect of subliminal advertising on customers?
Can puffery form of advertisement manipulate a customer's choice?
Does the boomerang changes the way consumers feel?
What are manipulative strategies in advertisements?When someone manipulates others, they may be trying to avoid responsibility, conceal their true intentions, or create doubt and ambiguity. Gaslighting, lying, blaming, condemning, and humiliating are just a few of the manipulative techniques that can profoundly affect a person's psychological well-being.
Claims like "greatest (cup of) coffee in the world" or "king of beers" are instances of puffery used in commercial manipulation. While the product's minor users appear to be influenced by the puffery, experts or consumers with a high level of understanding appear to be turned off. Because of their contentious character, many deceptive commercials are challenging to prove.
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ANALYSE,USING A PPC,THE EFFECT ON AN ECONOMY OF A FLOOD
According to the concept of PPC, the floods generally have a negative effect on economy of the manufacturing and the wholesale and retail sectors, while they tend to have a positive effect on GDP of the construction sector.
PPC
PPC also known as production possibilities curve is a graphical representation of the different amounts of a product that a business or economy can produce based on a shared resource. And it helps illustrate the tradeoff between using more resources in one product over another.
Given,
Here we have to analyze the effect on an economy of a flood by using the PPC.
Here the Production possibility curve (or PPC) is drawn on the assumption that the given resources are fully as well as efficiently utilized.
When the widespread floods have led to the destruction of human lives, it implies the loss of manpower. This will shift the PPC leftward from ab to a₁ b₁ as shown in Figure.
And it also damaged and reduced resources. Since potential production declines, the production possibility frontier shifts to the left.
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You are the supervisor of Shake Restaurant that sets employee work schedules.
Every day and every week you have to compare the actual hours each staff member works with the number of hours for which the staff member was scheduled to work. You have noted that during the week of November, 216.5 labour hours were scheduled for dining room employees but the actual hours worked totaled 224.5. This shows a variance of 8 hours.
1. Why is it important for you to compare the actual hours that the employees worked against the scheduled hours? (2)
2. Is this variance of 8 hours significant and should you investigate further? (2)
3. As you have an average hourly wage for staff, what does it mean in terms of the variance between scheduled labour hours and actual labour hours? (2)
4. As the supervisor, what would you accept as legitimate reasons for the difference between the scheduled and actual hours that the employees have worked? (4)
1. As the supervisor of Shake Restaurant, it is important to keep track of their team's workflow without continually checking in with team members by tracking the hours that employees put in.
What is direct labor efficiency variation?
Direct labor efficiency variation is the difference between the total actual hours worked and the total standard scheduled hours worked for the week. Instead of pay rates, the amount variance formula aids in calculating disparities in hours. Standard hours, or the hours that employees are anticipated to work, are used in this formula. The production division is in charge of the variation in worker productivity.
2. The variance of 8 hours is significant and should be investigated further. Thus, it is essential to avoid overpaying employees due to erroneous timekeeping.
3. Due to an average hourly wage for staff, in terms of the variance between scheduled labor hours and actual labor hours means that, the Shake Restaurant can reduce costs and increase revenues.
4. As the supervisor, it is important to accept as legitimate reasons for the difference between the scheduled and actual hours that the employees have worked as it leads to effective communication, provide guidance, and support to the employees.
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You are sewing a hem on a sewing machine when you notice that the individual stitches are too tight. After you finish the hem, you tug on it to even out
the stitches, and the thread snaps. Which of these would be the BEST way to solve this problem?
O A.
OB.
O C.
O D.
Push the needle lower.
Raise the needle higher.
Reduce the tension.
Increase the tension.
set
Next
The best way to solve this sewing problem, is to Raise the needle higher.
Sewing:
Sewing refers the craft of fastening or attaching objects using stitches made with a sewing needle and thread. And it is one of the oldest of the textile arts, arising in the Paleolithic era.
Given,
Here we have the given situation, you are sewing a hem on a sewing machine when you notice that the individual stitches are too tight. After you finish the hem, you tug on it to even out the stitches, and the thread snaps.
Here we need to identify the best way to solve this problem.
In order to solve this problem, we have to carefully looking into the given situation,
Here they said that, you are sewing and there is a too tight stiches on the cloth.
Now, you have to tug on it to even out the stitches and the thread snaps.
So, the thing here we have to do is to raise the needle higher to release the thread.
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The more substitutes for a good:
Group of answer choices
the higher the income elasticity of demand
the higher the price elasticity of demand
the higher the cross elasticity of demand
the lower the cross elasticity of demand
the lower the price elasticity of
The more substitutes for a good, Option B: the higher the price elasticity of demand.
What impact do substitutes have on elasticity?The elasticity of demand is impacted by close replacements for a good. Consumers will rapidly convert to the alternative product if the price of your product rises or the price of the alternative product falls if another product can be easily substituted for it.
Therefore, The more replacements there are for an item, the more elastic the good will be, according to the definition of an elastic good, which is one where a change in price results in a large movement in demand.
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The federal law that specified that men and women doing equal jobs must be paid the same wage is the
Blank blank act of 1963
The federal law that specified that men and women doing equal jobs must be paid the same wage is the Equal Pay Act of 1963.
In accordance with the Equal Pay Act of 1963, employers in the United States are not allowed to pay men and women who perform the same job duties and are subject to comparable working circumstances different wages.
It falls under the 1938 Fair Labor Standards Act as amended. Although there are still income gaps between the sexes, the act constituted a significant step toward gender equality.
The Equal Pay Act is based on the idea that everyone should get equal pay for equal effort. Salary, salary, overtime, bonuses, benefits, stock options, profit-sharing schemes, vacation and holiday compensation, vehicle allowances, and expenditure reimbursements are all taken into consideration.
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1. Leslie Moore runs a hammock shop. She is set to markdown her existing stock of hammocks 60 percent since it is mid-September, and her summer
high-sales period is completed. The basic rope hammock is retail priced at $65.00. What would be her markdown dollar amount and her resulting sale
price?
Leslie Moore's markdown dollar amount will be $39 and her resulting sale price will be $26.
What is pricing strategy?Pricing strategy is known as the changing in price of a product or service according to the demand of the product or service in the market. When the demand for a said product is high the price for the product is increased and if the demand of a product is low then the price is reduced.
Leslie Moore runs a hammock shop and she have a pricing strategy according to which she is now willing to reduce the price by 60%. The amounts are calculated as sale price multiply by 60% the amount is the reduction in the sale price, the reduction amount is deducted from the sale price.
The calculation is shown below,
$65 * 60% = $39
$65 - $39 = $26
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If the account earns 6% compounded interest yearly, how much would you have to deposit today?
The amount that you would have to deposit today in the account that is 6% compounded yearly is $5,038.
How to find the amount?The account in question compounds yearly at a rate of 6% and you want to have $6, 000 in three years. You therefore need to deposit an amount that when compounded over three years, grows to $6, 000.
The $6, 000 is the future value so the amount can be found by the future value formula:
Future value = Amount x ( 1 + interest rate) ^ number of years
6, 000 = Amount x ( 1 + 6%) ³
Amount = 6, 000 / 1.06³
Amount = $5, 038
First part of the question is:
You would like to have $6,000 dollars in an account after three years' time.
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Consider the following cash flows: Year Cash Flow 0 –$ 33,500 1 15,000 2 16,700 3 12,400 a. What is the NPV at a discount rate of zero percent? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What is the NPV at a discount rate of 9 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the NPV at a discount rate of 19 percent? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What is the NPV at a discount rate of 29 percent?
a) The NPV at a discount rate of zero percent is $O.
b) The NPV at a discount rate of 9% is $3,889.
c) The NPV at a discount rate of 9% is -$1,707.
d) The NPV at a discount rate of 9% is -$6,060.
What is the NPV?The NPV (net present value) is the difference between the present values of cash outflows and inflows.
The present value is the discounted value of cash flows.
NPV at 0%:Year Cash Flow PV Factor Present Value
0 –$ 33,500 1 –$3,500
1 15,000
2 16,700
3 12,400
Total cash inflow $33,500
NPV = $0 (–$3,500 + $33,500)
NPV at 9%:Year Cash Flow PV Factor Present Value
0 –$ 33,500 1 –$ 33,500
1 15,000 0.917 $13,755
2 16,700 0.842 $14,061
3 12,400 0.772 $9,573
NPV $3,889
NPV at 19%:Year Cash Flow PV Factor Present Value
0 –$ 33,500 1 –$ 33,500
1 15,000 0.840 $12,600
2 16,700 0.709 $11,840
3 12,400 0.593 $7,353
NPV -$1,707
NPV at 29%:Year Cash Flow PV Factor Present Value
0 –$ 33,500 1 –$ 33,500
1 15,000 0.775 $11,625
2 16,700 0.601 $10,037
3 12,400 0.466 $5,778
NPV -$6,060
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Ann Carr planted a rose garden on the corner of Mrs. Baird's property.
Mrs. Baird was homebound and never left her house. Mrs. Baird never
knew that Ann Carr had planted a rose garden on her property. The
statutory period had elapsed and Ann Carr claimed the rose garden.
Would Ann Carr have a good chance of getting rights to an easement by
prescription?
2006
A Yes, because she had made open use of the property.
B Yes, because she made improvements that would not have been made otherwise.
C No, because Mrs. Baird did not know of the rose garden.
D No, because no improvements had been made to the property
Yes, because she had made open use of the property, Ann Carr have a good chance of getting rights to an easement by prescription. Hence Option (A) is the answer.
How do you prove a prescriptive easement?A prescriptive easement is one that has been gained over a long period of time through open, well-known usage of the owner's property that is against the owner's rights. State statutes specify the number of years necessary for such an easement.
The usage has to be (1) adverse (often referred to as "hostile"), (2) actual, open, and notorious, (3) continuous and uninterrupted, and (4) for the statutorily needed period of time in order to establish a prescriptive easement. Prescriptive easements, which are unusual, also become legal easements after rights have been used for more than 40 years.
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If the world real interest rate was lower than the interest rate that would occur if the Canadian economy were closed, then what would the Canadian net capital outflow be? (5 marks)
a. positive b. negative
c. decreasing d. increasing
- For this question I picked answer b) negative. Am I correct?
If the world real interest rate was lower than the interest rate that would occur if the Canadian economy were closed, then, the Canadian net capital outflow will be decreasing. The Option C is correct.
What does real interest rate means?In economics, the real interest rate refers to an interest rate that has been adjusted to remove the effects of inflation, that once adjusted, it reflects the real cost of funds to a borrower and the real yield to a lender or to an investor.
When interest rates are increasing, the businesses and consumers will cut back on spending but when interest rates have fallen significantly, consumers and businesses will increase spending, causing stock prices to rise.
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Based on a simple random sample of 100 applicants at St. Andrew's college, we'd like to estimate
the probability that the sample mean of SAT scores will fall within +/-10 of the population mean
1697?
In other words, between 1687 and 1707, given that the population standard deviation of SAT score
is 87.4?
The probability given that between 1687 and 1707, given that the population standard deviation of SAT score is 87.4 is 0.68
How to solve for the probabilityWe have to solve for this using the z score distribution
The formula for the z score is written below
z = x - μ / sd
where we have
x = mean of the sample
μ = mean of the population
sd = standard deviation
we would have it as (1697 - 1697) / 87.4 = 0
you can find the z score in a z score table such that You can use this to determine the likelihood that a z-score will be within +/- 10 of the population mean.
The probability would be approximately 0.68
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Can the Consumer Financial Protection Bureau or Better Business Bureau accredit companies? Does that agency require a
fee for accreditation? (1 point)
O Only the BBB accredits companies, and it requires a fee for accreditation.
O Only the CFPB accredits companies, and it requires a fee for accreditation.
O Only the BBB accredits companies and does not require a fee for accreditation.
O
Both the CFPB and the BBB accredit companies, but the CFPB offers free accreditation while the BBB
requires a fee.
The proper response is an option (A), which states that only the BBB accredits businesses and that accreditation is subject to payment.
Can the Better Business Bureau or Consumer Financial Protection Bureau accredit businesses? Does that organization charge a fee to become accredited?Businesses must pay a fee to the BBB to be "accredited," which is one of the ways it makes money. If a company is accredited, it may appear more reliable to clients because it can display the BBB's accreditation badge. A company must apply and pay a fee to be accredited.
What does the Better Business Bureau accreditation mean?If a company has earned BBB accreditation, it implies that BBB has decided that the company complies with accreditation requirements, which include a promise to resolve customer complaints in a good faith manner.
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Identify a nonprofit that offers recreation activities as part of its structure and how it provides said recreation.
Some examples of a nonprofit organization that offers a recreation activities as part of its structure includes:
Little League BaseballNational Recreation and Park AssociationPop Warner Little ScholarsMonterey Institute for Research in Astronomy.What is a nonprofit organization?Basically, a non-profit organization refers to the group organized for purposes other than generating profit and in which, no part of such organization's income is distributed to its members, directors or officers.
Some of these non-profit and recreation bodies are one of the most common staples of American culture which has a recreation activities including youth sports, adult sports, sports camps and local fitness centers for their residents.
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Intermediate Accounting ll
With respect to the bonds, F corporation's gain on the early extinguishing of debt is $ 11,700 (gain) (Option C).
What is extinguishing of debt?When the borrower pays the whole sum of the loan and the creditor releases the borrower, the debt is called eliminated. Extinguishment also occurs when superior security is accepted by the creditor.
See the calculations leading to the above conclusion below;
Here, the bonds are issued at the premium value as the value of the issue of bonds = $ 2,786,000 is higher than the face value of the bonds.
The face value of the bonds = Face value per bond * Number of bonds. = 2700 * $1000 = $ 2,700,000.
Premium on bonds issued = Bonds issued value - Face value.
Premium on bonds issued = $ 2,786,000 - 2,700,000
Premium on bonds issued = $ 86,000.
Given that the amortization is made on a straight-line basis and the semiannual amortization is made, means the period for which the bonds to be amortized = 20 periods ( 10 years *2).
Hence, per period of 6 months bonds premium amortized = $86,000/ 20 = $ 4,300
The bonds have been extinguished on 1st July 2024, so the amortization of bonds for the period from 1st January 2019 to 1st July 2024 = 11 periods.
Hence, the Amortization of the premium till 1st July 2024 = 11 * 4300
= $ 47,300.
Book value of bonds on 1st July 2024
= Bonds issued value - Amortization of premium
Book value of bonds on 1st july 2021 = $ 2,786,000 - 47,300
= $ 2,738,700.
Bonds redemption value = 2,700,000* 1.01 ( 101 means a premium of 1% ) = $ 2,727,000.
Since the book value is $ 2,738,700.but the redemption value is higher than it i.e $ 2,727,000, so there is a gain on extinguishment of debt.
Gain on redemption/ extinguishment of bonds = $ 2,738,700 - 2,727,000= $ 11,700 (gain) (Option C)
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Verizon offers to sell cellular phones listing for $100.19 with a chain discount of 15/10/5. Cellular Company offers to sell its cellular phones that list at $103.39 with a chain discount of 25/5. If Irene buys ten phones, how much could she save if she buys from the lower priced company?
Based on the available information, the amount Irene could save if she buys from the lower-priced company is $260.24
What is a Sales discount?Sales discount is an economic term that is used to describe the reduced price given to consumers by product sellers or service providers.
Sales discount usually means that the consumers were able to save the money they would have spent on purchases should there be no sales discount in the first place.
In this case, we have Verizon which offered a 15/10/5 chain discount.
Therefore the total discounted price that Verizon offers is gotten through the complement of the percentages and conversion into the decimal equivalence before multiplying them.
Hence, we have the following:
15% = 85% or 0.85
10% = 90% or 0.90
5% = 95% or 0.95
Multiply them together, and we have:
Total Paying Price Rate = (0.85)(0.90)(0.95)
Total Paying Price Rate= 0.72675 or 72.68%
Therefore, to get the discount, we subtract the Total Paying Price by 100%.
Total Discount = 100% - 72.68%
Total Discount = 27.32%
Given that Irene is buying 10 phones we multiply the original price by 10.
Total Original Price = 95.24 x 10 = $952.4
At this point, we multiply the total original price by the Total paying price rate.
Overall = 952.4 x 0.72675
Overall = $692.16
Hence, the overall price that Irene will pay in Verizon is $692.16
To get that off the Cellular company, we have the following:
Cellular Company offers 25/5 chain discount
25% = 75%
5% = 95%
Therefore, we follow the same steps as Verizon.
Total Paying Price Rate = (0.75)(0.95)
Total Paying Price Rate = 0.7125 or 71.25%
Thus to get the discount we have the following:
Total Discount = 100% - 71.25%
Total Discount = 28.75%
Hence, for the price of 10 phones, we have the following:
Total Original Price = 98.49 x 10 = $984.9
Overall = 984.9 x 0.7125
Overall = $701.41
So the overall price for the Cellular Company is $701.41
So the lowered-price company is Verizon.
Therefore, in this case, it is concluded that should Irene buys the phones from Verizon, she will save $260.24.
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There are over 850 occupations that can be learned through an apprenticeship.
Answer:
When evaluating possible careers, you should match the career information you researched to your personal interests and resources. How can you make sure you are being realistic when setting goals?
Why are private and public companies alike
Both public and private companies are alike because, both kinds must hold annual meetings, establish a board of directors, keep meeting minutes, and keep a list of shareholders and their holdings.
What are private and public companies?Privately owned businesses are, unsurprisingly, privately owned. This indicates that the company is often owned by its founders, management, or a collection of individual investors. A public company, on the other hand, is one that has undergone an initial public offering (IPO) in which it has sold all or a portion of its stock to the public, giving shareholders an interest in some of the firm's assets and earnings.
Both public and private corporations must hold annual meetings, appoint a board of directors, maintain meeting minutes, and maintain a list of shareholders and their holdings. For these reasons, both types of businesses are similar.
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You are a manager in an electronics department that sells TVs. Corporate headquarters has provided a new incentive to salespeople—they will receive higher commissions when they sell higher-priced TV models. What should you do to maintain high ethical integrity in your department?
Analyzing the scenario, to maintain high ethical integrity in your department, it is necessary for salespeople to offer all available options to customers, so that they analyze their need.
What are sales techniques?It corresponds to a set of actions and attitudes that sellers can develop to make more sales, such as offering quality service, using emotional and persuasive triggers, as well as negotiation techniques, helping and directing customers to buy a particular good.
To sell the higher priced TV models, sellers could then demonstrate through the product's features all its benefits, payment methods and conditions so that it is aligned with consumers' needs.
Therefore, the technique and strategy of ethical and honest sales is essential to transmit reliability, strengthen relationships and create value for the consumer.
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identify and explain two benefits to a company of offering fringe benefits to its managers
Some of the benefits to a company that offers fringe benefits to their managers are:
Better motivated managers Less employee turnover rates How are fringe benefits meant to motivate employees?The main point of offering fringe benefits is to reduce the stress that employees might feel either in their personal or work lives. The hope is that with these stressors alleviated, the employee would feel motivated enough to work harder.
Managers are offered fringe benefits therefore, to ensure that they are better motivated. It is also to ensure that they do not leave the company due to other companies offering better benefits which would lead to high employee turnover.
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Darius, a site manager for a construction company, learns that a hurricane is headed towards his town. According to Maslow, what will he prioritize first?
- ensuring his construction site is prepared for the storm
- creating plans for how he can be better prepared for storms in the future
- ensuring that he has shelter from the storm when it arrives
- ensuring his insurance policy is in place to reimburse his home for storm damage
- inviting friends to stay with him during the storm
According to Maslow and his hierarchy of needs, Darius, will first ensure that he has shelter from the storm when it arrives.
Who is Maslow?
Maslow's hierarchy of needs is a theory of psychological health based on meeting basic human needs in order of importance, leading to self-actualization. Abraham Harold Maslow (April 1, 1908 – June 8, 1970) was an American psychologist. He is best known for developing this theory. At Columbia University, Brooklyn College, Brandeis University, and the New School for Social Research, Maslow taught psychology. He emphasised the significance of concentrating on a person's positive traits rather than seeing them as a "bag of symptoms." Maslow was the tenth most-cited psychologist of the 20th century, according to a 2002 study in the Review of General Psychology.
A five-tiered model of human wants, frequently shown as hierarchical tiers within a pyramid, makes up Maslow's hierarchy of needs, a motivational theory in psychology.
Biological (food and clothes), safety (work security), love and belonging (friendship), esteem, and self-actualization are the requirements that are listed in order of importance from the bottom of the hierarchy up.
Before people can attend to needs higher up the hierarchy, those lower down must first be met.
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Darius, a site manager for a construction company, learns that a hurricane is headed towards his town. According to Maslow, what will he prioritize first?
- ensuring his construction site is prepared for the storm
- creating plans for how he can be better prepared for storms in the future
- ensuring that he has shelter from the storm when it arrives
- ensuring his insurance policy is in place to reimburse his home for storm damage
- inviting friends to stay with him during the storm
Effects of low saving rates to the future generations ( 10 answers)
Explanation:
Saving provides a financial “backstop” for life's uncertainties and increases feelings of security and peace of mind. Once an adequate emergency fund is established, savings can also provide the “seed money” for higher-yielding investments such as stocks, bonds, and mutual funds
The total value of all bonds issued by the government of a country constitutes:
The total value of all bonds issued by the government of a country constitutes the national debt of the country.
The nation's national debt is considered to be the total amount which is thus borrowed and owed by the government and so it results when the government's expenses are higher than that of its revenues.
Here, the primary means by which the government takes on debt is by issuing government bonds to the public. Whereas, national debt is the total that a country owes its creditors. The national debt is said to be caused by government spending. Thus, this causes a budget deficit, but it's necessary to help in order to expand the economy.
Hence, a bond is considered to be a debt obligation.
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Prior to Christine Day’s arrival, What was the culture of lulelemon?
Christine Day joined the rapidly expanding yoga apparel retailer Lululemon Athletica Inc. with a mission to restore the culture that had deviated since her hiring.
Who is Christine Day?Canadian retail businesswoman Christine M. Day was born in 1962. Since January 2014, she has served as the CEO of the Vancouver-based food business. She led the Canadian clothing firm Lululemon Athletica as CEO from 2008 to December 2013. She worked for Starbucks' Asia-Pacific division before accepting her position at Lululemon. Day learnt about investing while working for the private equity firm Integrated Resources after graduating from college. Day later worked for a financial services company. One of its customers was Howard Schultz, who ran the coffee shop Il Giornale and sought to grow his business by acquiring Starbucks. Day started working for Schultz's enterprise in 1986 and stayed with Starbucks for the following 20 years.
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Consider the following information about an open economy: GDP is $1,000 million, consumption is $850 million, taxes are $50 million, government spending is $100 million, exports are $100 million, and imports are $125 million. Calculate the following variables for this economy:
An open economy is a form of economy in which entities from other nations trade goods in addition to domestic producers (goods and services).
What is an Open Economy ?Management interchange, technological transfer, and the exchange of a wide range of commodities and services are all examples of trade. There are some exceptions that cannot be swapped; for instance, a country cannot trade its railway services with another nation in order to use the service.
In contrast, a closed economy forbids the conduct of both foreign trade and finance. Exporting is the process of selling products or services to another nation. Importing is the process of purchasing goods or services from another nation. International trade is the term used to describe both importing and exporting.
Calculation of the following Variables
Net Exports = Exports - Imports = 100 - 125 = -25
Therefore, Net exports are -$25 Million.
b.
GDP = C + I + G +(X-M)
1000 = 850 + I + 100 + (100-125)
1000 = 950 + I - 25
I = 1000 - 925
I = 75
Therefore, Investment is $75 Million
Step 2
c.
Private Sector Disposable Income = GDP - Tax = 1000 - 50 = 950
Private Sector Saving = Private Sector Disposable Income - Consumption = 950 - 850 = 100
Therefore, Private Sector Saving is $100 Million
d.
Public Sector Saving = Tax - Government Expenditure = 50 - 100 = -50
Therefore, Public Sector Saving is -$50 Million
e.
National Savings = Private Sector Saving + Public Sector Saving = 100 + (-50) = 50
Therefore, National Saving is $50 Million
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Question 2 (0.5 points) ✓ Saved
Ms. Studebaker started as a sole proprietor and now that she has employees, she must consider her company
as a factor for drawing on the right talent.
a) General Liability Insurance
b) Third Party Supply Management
c) Culture
d) Employee Turnover
e) Supplier Relationships
Since Ms. Studebaker began as a solo entrepreneur and now has staff, she must take her company culture into account while trying to attract the best personnel.
What exactly is corporate culture and why is it significant?Workplace behavior is governed by company culture. It's the culmination of all of your official and informal processes, attitudes, and beliefs that work together to give your staff and consumers a positive experience. Company culture is really about how things are done in the office.
How can a company's culture recruit employees?A positive, visible, and embedded culture that is supported at all organizational levels can increase retention in addition to attracting new employees; staff members who identify with the culture and values of the company are more likely to be satisfied with their jobs and motivated to stick around.
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discuss axioms of consumer revealed preferences
The axiom of consumer revealed preferences asserts that the strong and weak acts are demonstrated to be identical in a two-dimensional universe with only two options for goods.
What is consumer revealed preferences?According to the economic theory of revealed choice, observing a person's purchase activity is the most accurate approach to gauge their consumption patterns. The rationality of customers is the underlying presumption of revealed preference theory.
According to the revealed preference hypothesis, which was first put forth by American economist Paul Samuelson in 1938, customers' preferences can be inferred from the things they buy when facing various financial and economic situations.
Consumer preferences are the arbitrary tastes, inclinations, and loves and dislikes of an individual. To achieve the best outcomes, you must take into account your target market's personal preferences when creating or marketing a product.
As a result, revealed preference is a means to extrapolate individual preferences from observable choices.
It stands in contrast to efforts to measure preferences or utility directly, such as by stated preferences. If we consider economics to be an empirical field, there is the problem that preferences cannot be seen.
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Joshua borrowed $1,000 on January 1, 2021, and paid it all back at once on December 31, 2021. What was the APR?
In the example provided, the calculated annual percentage rate is equal to 11%.
What is APR?The term annual percentage rate of charge refers to the interest rate for an entire year rather than just a monthly fee or rate as applied on a loan, home loan, credit card, etc. It can also be referred to as a nominal APR or an effective APR. It is an annual rate of a finance charge.
The annual percentage rate (APR), which is used in some places, is the condensed version of the effective interest rate that the customer will be required to pay on a loan.
APR is calculated as (Periodic Interest Rate x 365 Days) x 100.
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Yours question is incomplete, probably the complete question is:
Joshua borrowed $1,000 on January 1, 2021, and paid $100 in interest. The bank charged him a service charge of $10. He paid it all back at once on December 31, 2021. What was the APR