Static budgets work well for Fixed costs and variable costs when the
activity level is close to the planned activity level.
Static budgets are predetermined budgets based on a specific level of
activity.
They are useful when the actual activity level closely aligns with the
planned activity level because the costs and revenues can be accurately
estimated.
This is particularly true for fixed costs, as they remain constant
regardless of the level of activity.
However, static budgets are less effective in situations where the activity
level differs greatly from the planned activity level or when dealing with
variable costs.
When the activity level significantly deviates from the planned level, the
actual costs and revenues may vary, making the static budget less
accurate and less useful for decision-making.
Variable costs, which fluctuate with changes in activity levels, can be
challenging to predict accurately with a static budget when the actual
activity level differs significantly from the planned level.
This is because variable costs may increase or decrease in proportion to
changes in the level of activity.
To address these situations, flexible budgets or other budgeting
techniques that account for varying activity levels and variable costs
more accurately may be more appropriate.
Flexible budgets adjust the budgeted amounts based on the actual
activity level achieved, allowing for better cost estimation and
performance evaluation.
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Which of the reasons to network is most important for high school students interested in hospitality?
o being a source of contacts to share with professionals
o developing friendships that may lead to business referrals
o gaining confidence in speaking with industry professionals
sharing specific products and services they can offer to others
The reason to network is most important for high school students interested in hospitality is C. gaining confidence in speaking with industry professionals.
Why is networking important in the hospitality industry?Networking in the hospitality industry gives one the chance to learn from the experience of professionals.
Without networking, students may find it difficult to interact with experienced professionals in the hospitality and tourism industry.
Networking in the hospitality industry helps the students interested in hospitality to:
Host parties.Attend social events.Form partnerships.Build strong brand awareness.Participate in a networking group.Utilize informal discussions.Create a robust social media presence.Reach out to industry professionals.Thus, students network to gain confidence with industry professionals.
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a. The equality of MR and MC is essential for profit maximization in all market structures because if
The equality of MR and MC is essential for profit maximization in all market structures because if MR and MC are equal, any other output level will result in reduced profits.
What is profit maximization?This is when a firm or an organization is able to make profit from its produced. Profit maximization is the traditional approach and the primary objective of financial management.
When profit is maximized there is a high revenue which can be used for business expansion. Profit maximization is the core goal of every business that can be cons. It implies that every decision relating to business is evaluated in the light of profit.
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Business cycles a are more volatile since the end of the Great Recession. b follow a pattern of trough, expansion, peak, and recession. c are predictable due to political upheavals and global markets. d are all identical in duration over the last century.
Business cycles b. follow a pattern of trough, expansion, peak, and recession.
What are business cycles?Business cycles have different stages and follow a certain pattern for the most part.
This pattern includes going through a trough (depression) and then an expansion, a peak, and then a recession which will lead to the economy declining in productivity.
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Tactical managers are often referred to as _____ managers
Tactical managers are often known as the middle manager.
Manager in the middle. Middle-level managers are superior to front-line managers and team leaders. They are responsible for transforming the basic goals and plans set by strategic managers into more particular objectives and activities. They are also known as tactical managers.
Furthermore, the middle manager serves as a communication conduit inside the business, relaying significant leadership decisions and the organization's principal goals to lower-level personnel. This adds to greater worker collaboration and makes a firm more cohesive.
Therefore, the answer is middle manager.
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In general, neoclassical economists focus on aggregate ________ to help stimulate the economy?
In general, neoclassical economists focus on aggregate supply to help stimulate the economy. Neoclassical economics is a comprehensive school of thought that uses supply and demand to try to explain how products and services are produced, priced, consumed, and how money is distributed. It combines the marginalizm and utility maximization theories with the cost-of-production theory from traditional economics.
The work of economists like Stanley Jevons, Maria Edgeworth, Leon Walras, Vilfredo Pareto, and others is categorized as neoclassical economics. In the 1900s, neoclassical economics first appeared. Imperfect competition models entered neoclassical economics in 1933. The use of several novel techniques, such as marginal revenue curves and indifference curves, was made.
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When companies make false claims about how environmentally friendly their products are, has occurred?
When companies make false claims about how environmentally friendly their products are, greenwashing has occurred.
Environmentalist Jay Westerveld coined the term "greenwashing" in a critical essay in 1986. This was inspired by the irony of the "save towels" movement in hotels, which had little impact other than saving on hotel laundry costs. The idea came about because most consumers got their news primarily from television, radio, and print media, so they couldn't do fact-checking as they do now.
A typical example of greenwashing is when Volkswagen attaches "defective" devices to various vehicles and admits emissions testing fraud. The software detects when emissions are tested and modifies performance to reflect emission levels and reduce emissions.
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To help promote purposeful action and sustained improvement, leaders must often assume the role of?
Leaders who want to help promote purposeful action and sustained improvement must assume the role of C) Coach.
Who is a coach?A coach is a leader who trains, organizes, and helps the team to improve performance and achieve goals.
A coach ensures that team members reach their potential, attain individual and team objectives, and receive guidance.
What is leadership?Leadership is all about guiding and influencing members to achieve organizational goals.
A leader should not become just a follower, superior, or coworker, but they should become coaches who influence actions and improvements.
Thus, to help promote purposeful action and sustained improvement, leaders must often assume the role of C) Coach.
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Question Completion with Answer Options:A) Follower.
B) Superior
C) Coach.
D) Coworker.
What are three characteristics that affect decision making by a group?
Answer:
-the efficiency of the group
-the knowledge of group members
-the size of the group
Explanation:
Those are the 3 characteristics that affect decision making by a group.
I hope it helps! Have a great day!
Pan~
Argyll Realty provides representation services to both buyers and sellers, but never acts as an intermediary. Argyll Realty practices
Argyll Realty practices an exclusive single agency.
What is Nonexclusive single agency?Single agency occurs when a client (either the buyer or the seller) is represented by an agent who is only tasked with acting in that client's best interests. A buyer's broker agreement will be signed between the buyer and the buyer's agent, and a listing agreement will be signed between the seller and the listing agent.Non-exclusive single agency is a type of agency in which the broker will never represent both the buyer and the seller in the same transaction, only one of them.
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If the owner plans to ________ a business, he or she should be removing all surplus cash and tightening the cash-to-cash cycle to the shortest time possible
If the owner plans to sell a business, he or she should be removing all surplus cash and tightening the cash-to-cash cycle to the shortest time possible.
The cash conversion cycle (CCC) is a metric that measures how long it takes a business to turn its investments in inventory and other resources into cash flows from sales, expressed in days.
This metric considers how long it takes to sell inventory, how long it takes to collect receivables, and how long it can pay its obligations without being penalized.
Based on the way businesses operate, CCC will vary per industry sector.
The idea is crucial for evaluating finance needs because it is used to calculate how much money is required to fund continuing operations.
Hence, If the owner plans to sell a business, he or she should be removing all surplus cash and tightening the cash-to-cash cycle to the shortest time possible.
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Jacoby Company received an offer from an exporter for 21,300 units of product at $17 per unit. The acceptance of the offer will not affect normal production or domestic sales prices. The following data are available: Domestic unit sales price $25 Unit manufacturing costs: Variable 13 Fixed 3 The differential revenue from the acceptance of the offer is a.$532,500 b.$894,600 c.$362,100 d.$170,400
Option d.$170,400 is the corect option.
Incremental Net income
Increamental Revenue $4,52,800
(28,300 X $ 16 Per unit)
Less: Variable Costs $3,11,300
(28,300 X $ 11 Per unit)
Less: Fixed Cost (Not taken because does not affect this due to accepting special orders) = $0
Total Net Revenue $170,400
Answer = d.$170,400
To determine the unit price of a product, you first need to calculate the total manufacturing cost of all items manufactured in a particular time period. Then divide the estimate by the number of items. The final number is the manufacturing cost of one unit.
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A company with significant assets and activities in multiple countries is known as a(n):____.
A) multinational corporation.B) repatriated corporation.C) transferable corporation.D) duplicate corporation.E) emancipated corporation.
A company with significant capital and activities in multiple countries is known as a multinational corporation.
A multinational corporation generally has offices or factories in different and multiple countries and a centralized head office where they coordinate global management.
Other than its home country, a multinational corporation has facilities and other capital in at least one country. Many multinational enterprises are based in developed nations.
The multinational advocates create high-paying jobs and technologically advanced goods in countries that otherwise would not have reach to such opportunities or goods.
Some examples of multinational corporations include- Apple, Samsung, Starbucks, Ikea, Nike, McDonalds, Pepsi etc.
Hence, option A is correct.
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Lin is an artist and is seeking financial backing for a series of culturally relevant murals in chicago. what would be his logical choice of a crowdfunding source model?
Lin is an artist and is seeking financial backing for a series of culturally relevant murals in Chicago. What would be his logical choice of a crowdfunding source model is Option A. a patronage model
What is a patronage model?Patronage is the aid, assistance, support, privilege, or financial aid that an organization or individual bestows on another. In the history of art, arts patronage refers to the support that kings, popes, and the wealthy have provided to artists such as musicians, painters, and sculptors.
Therefore, the correct answer is option A. a patronage model
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The complete question goes thus:
Lin is an artist and is seeking financial backing for a series of culturally relevant murals in chicago. what would be his logical choice of a crowdfunding source model?
A. a patronage model
B. a lending model
C. an investor model
D. a rewarding model
Knowledge engineers develop ________, which are programmed to make decisions in real-life situations.
Knowledge engineers develop expert system which are programmed to make decision in real-life situations. Expert systems were created in the 1970s by computer scientist Edward Feigenbaum, a professor of computer science at Stanford University and the creator of the Knowledge Systems Laboratory at Stanford.
A computer software known as an expert system use artificial intelligence (AI) techniques to mimic the decision-making and actions of a person or group of people who have knowledge and experience in a certain field. Expert systems are often designed to support human experts rather than to replace them. MYCIN was a backward chaining expert system that could identify various bacteria that could cause acute infections.
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What are the business reasons behind john deere's offshoring of tractor production from the u. S. To other countries?
Reasons for shifting production to other countries John Deere is a global leader in the tractor market and its strategic objective is to expand rapidly outside of North America. One of the ways to expand globally is to make the product closer to the target market
Offshoring is the practice of a firm moving its service and production operations to a different nation. A corporation with American roots, John Deere is well recognised for assembling and producing agricultural tractors.
Samuel Allen, the company's CEO, predicts that Offshoring the company's tractor manufacture overseas will boost overall sales to $50 billion by 2018, with half of that amount coming from nations other than the US and Canada. Offshoring production would aid in growing the business to a worldwide scale in addition to boosting revenue.
Due to differences in time zones, the company's production processes and services would be available around the clock. The cost of manufacture would also be reduced by offshore tractor production.
The business would stop paying the costs of transporting tractors from the base production site to foreign nations. The need to exert more control, an effort to reduce risks, and a desire to concentrate on business development are some further justifications for outsourcing.
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Who works in the background to make sure a company’s it infrastructure is always working, and is constantly fighting to prevent it disasters from happening?
SysAdmin works in the background to make sure a company’s infrastructure is always working and is constantly fighting to prevent disasters from happening
Infrastructure is defined as the underlying physical system of a firm, region or country and often involves the production or production processes of public goods. Examples of infrastructure include transportation systems, communication networks, sewage, water, and school systems.
Businesses need a reliable infrastructure to connect their supply chains and efficiently move goods and services across borders. This infrastructure connects metropolitan households with better-quality employment, health care, and educational opportunities. Clean energy and public transportation can reduce greenhouse gases.
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During the year, Kim sold the following assets: business auto for a $1,000 loss, stock investment for a $1,000 loss, and pleasure yacht for a $1,000 loss. Presuming adequate income, how much of these losses may Kim claim
Kim can claim (A) $2,000.
What are assets?In financial accounting, an asset is any resource that a corporation or economic organization owns or controls. It is anything (tangible or immaterial) that can be utilized to generate positive economic value. Assets indicate the worth of ownership that may be transformed into cash (although cash itself is also considered an asset). A company's balance sheet details the monetary value of its assets. It protects money and other assets belonging to an individual or a corporation.To find how much Kim can claim:
The $1,000 loss on the business auto is an ordinary loss.Whereas the $1,000 loss on the stock investment is a capital loss. The $1,000 boat loss is personal and hence cannot be subtracted.Therefore, Kim can claim (A) $2,000.
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The question you are looking for is given here:
During the year, Kim sold the following assets: business auto for a $1,000 loss, stock investment for a $1,000 loss, and pleasure yacht for a $1,000 loss. Presuming adequate income, how much of these losses may Kim claim?
a. $2,000
b. $1,000
c. $0
d. $3,000
e. None of these choices are correct.
When pitch was considering bringing the king back or not, it likely considered the communication model. Product awareness of the king would fall into the ________ stage of the communication model
When the pitch was considering bringing the king back or not, it likely considered the communication model. Product awareness of the king would fall into the B.message stage of the communication model.
Watching the news on the tv is the best instance of Berlo's S-M-C-R version of the conversation. The news presenter is the supply of the information and he or she conveys the message to the audience. The information is the message, the television — the channel, and the target audience are the receivers of the message.
A few of the models of verbal exchange are the transactional method, in which moves show up concurrently, and the constructivist version, which makes a specialty of shared meaning.
In the simple verbal exchange model, the sender encodes the message and transmits the message via communication channels like verbal (face-to-face, over the phone, video calls) and nonverbal (newspapers, letters) for sending the message.
The question is incomplete. Please read below to find the missing content.
When Pitch was considering bringing The King back or not, it likely considered the communication model. Product awareness of The King would fall into the _________ stage of the communication model.
A.source
B.message
C.medium
D.feedback
E.receiver
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Subdivision regulations imposed by developers in an effort to maintain control of the development of the subdivision are an example of ______.
An example of Private land use control is illustrated in a Subdivision regulations that is imposed by developers in an effort to maintain control of the development of the subdivision.
What is a Private land use control?This refers to a land control with a deed restrictions that limits what can be done on the property by the owner.
Hence, Private land use control is illustrated in a Subdivision regulations that is imposed by developers in an effort to maintain control of the development of the subdivision.
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According to the Statute of Frauds, a general partnership that exists for more than ________ must have a written partnership agreement.
According to the Statute of Frauds, a general partnership that exists for more than one year must have a written partnership agreement.
A general partnership is a business entity made of two or more partners who agree to establish and run a business.
What is Statute of Frauds?Statutes that exist in every state which require that certain types of contracts are enforceable only if the contract is in writing or evidenced by a written memorandum or electronic record that is signed.A statute requiring certain contracts to be in writing and signed by the parties bound by the contract. The purpose is to prevent fraud and other injury.The objective of the statute of frauds is to not enforce particular contracts unless there is a written memorandum or note signed by the persons involved with the contract. An authorized representative may also sign the written document. In a breach of contract action, a defendant may invoke the statute of frauds.
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1.05 the market place economic
A market economy serves as an economic system in which economic activities is been controlled by individuals.
What is market economy?market economy serves as the economy that that gives country's individual citizens and businesses to be able to make decisions .
This decision could be pricing of goods and services which are been controlled by the interactions of a country's individual citizens.
COMPLETE QUESTION:
Explain market place economy
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A representative of the pear company explains that pears are typically stored in small, tightly sealed storage bins just after harvesting. He asks whether the ripening process would be different if the same number of pears were stored in a much larger room with better ventilation. Predict whether these two scenarios can be expected to yield the same results, and explain your reasoning.
Workers at a company that grows and sells fresh pears have noticed that the pears seem to mature slowly at first, but then abruptly show extraordinarily quick ripening.
Explains that pears are typically stored in small, tightly sealed storage bins just after harvesting?"Your pears are under positive feedback control," says Team A. Ethylene accelerates the ripening of fruit by causing both its own production in fruit and the creation of enzymes that catalyze the breaking of cell walls, claims Team B. Both scientific teams presented claims that aid in explaining the acceleration of pear ripening in storage that has been noticed. Because of increased ethylene levels, which indicate increased cell-wall breaking as part of the ripening process, the pears are beginning to ripen. Since there isn't much ethylene at first, ripening starts out slowly, but as time goes on, more and more ethylene is produced thanks to positive feedback regulation.
Employees of a business that grows and sells fresh pears have observed that the pears initially appear to mature slowly before suddenly showing an abnormally rapid ripening. This has the company concerned. Officials from the company, perplexed, ask two separate science teams to investigate the issue.This implies that ethylene concentrations increase very quickly, which causes ripening to increase similarly quickly.The pear company's representative says that soon after harvesting, pears are normally kept in little, tightly closed storage bins. He inquires as to whether the ripening procedure would alter if the same quantity of pears were kept in a space that was larger and had better ventilation.Learn more about storage bins and harvesting here:
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Determine a formula for the capacitance in terms of K1 , K2 , the area A of the plates, and the separation d . [Hint: Can you consider this capacitor as two capacitors in series or in parallel
Based on the capacitance of both capacitors, the formula in terms of K1, K2, and the area is (2 x ε₀ x A x K₁ x K₂) / (d x (K₁ + K₂)).
What is the formula for the capacitance?Express the capacitance of the first capacitor as:
C₁ = (k₁ x ε₀ x A) / d₁
Express that of the second capacitor as:
C₂ = (k₂ x ε₀ x A) / d₂
The equivalence capacitance will be:
1/C = ( d₁ / (k₁ x ε₀ x A)) + (d₂ / (k₂ x ε₀ x A))
C = (2 x ε₀ x A x K₁ x K₂) / (d x (K₁ + K₂))
Full question is:
Two different dielectrics fill the space between the plates of a parallel-plate capacitor as shown in Fig. 24-31. Determine a formula for the capacitance in terms of K1, K2, the area A, of the plates, and the separation d1 = d2 = d/2. [Hint: Can you consider this capacitor as two capacitors in series or in parallel?]
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What notice must be given to purchasers by the seller (or agent) informing them that county assessors revalue real property at the time the ownership of the property changes?
Notice of Supplemental Property Tax Bill must be giv
The county has the right to go back and correct theen to purchasers by the seller (or agent) informing them that county assessors revalue real property at the time the ownership of the property changes.
The county has the right to go back and correct the tax account once the exemption has been removed. When they do this, a bill for additional taxes is issued. The unaware buyer who is now liable for the tax payment will often receive this supplemental tax bill.
A supplementary tax bill known as a negative supplemental tax bill represents an assessment that is lower than the previous assessed value, a senior citizen's transfer of Proposition 13 values, or some other downward assessment. You will also get a refund check if your supplemental tax bill is negative.
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The accounting treatment for a lawsuit depends on: _________
a. the ability to estimate the amount of payment
b. the amount of time until the lawsuit is settled
c. the likelihood of payment
d. the type of contingency
Answer:
it depends on the ability to estimate the amount of payment
Which situation would normally involve long-term financing? multiple choice expanding current inventory paying workers' salaries funding unanticipated emergencies purchasing production equipment
The situation that would involve long term financing would be purchasing production equipment.
What is long term financing?This is the term that is used to refer to the type of expenses that are preplanned over a long period of time before they are carried out.
These are unlike the other types that may involve one to carry out expenses immediately like in the case of emergencies.
When new production equipment are needed, the person would have to plan for it for a period of time before they would go ahead to carry out the purchase of the product.
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Using resource allocation as an indicator of the significance of an office's task, a significant task of the Texas attorney general involves which of the following
Answer: Child support
Explanation:
When manufacturing overhead costs are assigned to production in a process cost system, they are debited to.
The manufacturing overhead costs assigned to production in a process cost system are debited to sales thereof.
Expenses have a debit balance. Manufacturing overhead costs are incurred when expenses are actually happen for the allocation of the asset ,work in progress etc.
Erstwhile the process cost system is the cost of total production incurred at the time of manufacturing for each unit of the product .
Manufacturing overhead costs are the costs attached with the value per unit manufactured. These are additional costs that are necessary and are attained while manufacturing.
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c. Suppose that the market price for a bottle of vitamins is $1.74. At that price the total market quantity demanded is 317,100,000 bottles. How many firms will be in this industry
Suppose that the market price for a bottle of vitamins is $1.74. At that price the total market quantity demanded is 317,100,000 bottles. One firm will be in this industry
This is further explained below.
What is firm?Generally, A company that operates for the purpose of making a profit and is often structured as a partnership in order to carry out the provision of professional services, such as legal or accounting work, is referred to as a firm. The maximization of profits is the overarching goal of the business, according to the theory of the firm.
In conclusion, Let's say that the going rate for a bottle of vitamins in today's market is $1.74. At that pricing, the total amount of bottles that would be wanted on the market is 317,000,000. This sector will only have one company operating inside it.
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A firm that successfully leverages network effects can?
A firm that successfully leverages network effects can push the industry into the growth stage.
What is The network effect ?The network effect is a phenomenon whereby increased numbers of people or participants improve the value of a good or service. Network outcomes. occur when a product or service's value rises together with its customer base. When they occur, network effects rank among the most significant factors in your decision to choose one good or service over another. More users equals more worth.By doing away with gatekeepers, they enable new sources of supply and value generation and scale more effectively.
What are network effects?
By expanding your client base, market share, and the overall value proposition of your product, network effects help you scale your firm and enhance profitability. A network effect is when your product's value rises as more people use it, if you're wondering what that is.Learn more about network effects
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