This situation is an example of coding guidelines, where the coding supervisor trains employees to code both signs and symptoms along with the established diagnosis code.
This is an example of coding education and training aimed at improving coding accuracy and completeness. Specifically, the supervisor is emphasizing the importance of coding both the established diagnosis code and any signs and symptoms that may be present. This approach is often referred to as "dual coding" or "multiple coding" and can help ensure that the final codes accurately reflect the patient's condition and the services provided.
This situation is an example of coding guidelines, where the coding supervisor trains employees to code both signs and symptoms along with the established diagnosis code. This ensures a comprehensive and accurate representation of the patient's medical condition in the coding system.
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In the short run, some costs are fixed and the rest are variable. A firm will continue production only so long as it can cover at least its – costs. Therefore, production will only occur when price, and therefore marginal revenue, – average variable cost. Where that condition is met, the marginal cost curve – the short-run supply curve, because it is only along this line that marginal cost equals marginal revenue.
A firm will continue production only so long as it can cover at least its variable costs.
What is a variable cost and an illustration?Variable costs are those that alter as the volume changes. Raw materials, piece-rate labor, production supplies, commissions, shipping expenses, packing costs, and credit card fees are a few examples of variable costs. The "Cost of Goods Sold" is the name given to the variable costs of production in some accounting statements.
What is the purpose of variable cost?Management frequently uses variable costing to support a range of decisions. For instance, a breakeven analysis could be used to determine the sales level at which a company is profitable at all. Another option is to employ it to determine the lowest price at which a good can be offered for sale.
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which one of the following will decrease the supply of chocolate ice cream? group of answer choices an increase in the price of chocolate, an ingredient used to make chocolate ice cream. a decrease in the price of chocolate ice cream. an increase in the price of whipped cream, a complimentary good. a medical report finding that consuming chocolate prevents cancer.
An increase in the price of chocolate. A rise in the cost of chocolate, a component required to manufacture chocolate ice cream, will result in less chocolate ice cream being produced.
A rise in the price of chocolate, a component required to manufacture chocolate ice cream, will result in less chocolate ice cream being produced. This is due to the fact that a rise in the cost of a crucial component needed to make chocolate ice cream would increase manufacturing costs and result in reduced profit margins for suppliers. As a result, there will be less chocolate ice cream available since manufacturers might not think it is profitable to make as much of it. Customers could thus have to pay more for chocolate ice cream or hunt for alternatives.
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Complete a departmental expense allocation spreadsheet for Marathon Running Shop. The spreadsheet should assign (1) direct expenses to each of the four departments, (2) the $64,000 of utilities expense to the four departments on the basis of floor space occupied, (3) the advertising department’s expenses to the two operating departments on the basis of the number of ads placed that promoted a department’s products, and (4) the administrative department’s expenses to the two operating departments based on the amount of sales.
Question Completion:
Marathon Running Shop has two service departments (advertising and administrative) and two operating departments (shoes and clothing). The table that follows shows the direct expenses incurred and square footage occupied by all four departments, as well as total sales for the two operating departments for the year 2017
Direct Expenses Square Feet Sales
Department
Advertising $ 18,000 1,120
Administrative 25,000 1,400
Shoes 103,000 7,140 $273,000
Clothing 15,000 4,340 77,000
The advertising department developed and distributed 120 advertisements during the year. Of these, 90 promoted shoes and 30 promoted clothing. Utilities expense of $64,000 is an indirect expense to all departments.
Answer:
Marathon Running Shop
Allocation of service departments' costs to the operating departments:
Service Departments Operating Departments Total
Advertising Administrative Shoes Clothing
Departmental $18,000 $25,000 $103,000 $15,000 $161,000
Utilities 5,120 6,400 32,640 19,840 64,000
After Utilities 23,120 31,400 135,640 34,840 $225,000
Advertising -23,120 17,340 5,780 0
Administrative -31,400 24,492 6,908 0
Total allocated costs $177,472 $47,528 $225,000
Explanation:
a) Data and Calculations:
Direct Expenses Square Feet Sales
Department
Advertising $ 18,000 1,120
Administrative 25,000 1,400
Shoes 103,000 7,140 $273,000
Clothing 15,000 4,340 77,000
Total $161,000 14,000 $350,000
Allocation of Utilities Expense of $64,000
Rate
Advertising (1,120/14,000 * $64,000) = $5,120
Administrative (1,400/14,000 * $64,000) = $6,400
Shoes (7,140/14,000 * $64,000) = $32,640
Clothing (4,340/14,000 * $64,000) = $19,840
Advertising $ 18,000 + $5,120 = $23,120
Administrative 25,000 + $6,400 = $31,400
Shoes 103,000 + $32,640 = $135,640
Clothing 15,000 + $19,840 = $34,840
Advertising expenses consumed by:
Shoes 90/120 * $23,120 = $17,340
Clothing 30/120 * $23,120 = $5,780
Administrative expenses consumed by:
Shoes $273,000/$350,000 * $31,400 = $24,492
Clothing $77,000/$350,000 * $31,400 = $6,908
If convertible bonds are assumed to have been converted, the numerator would be assumed to ____ by the ______ effect of the interest saved. increase; before-tax, decrease; after-tax, decrease; before-tax, increase; after-tax
If convertible bonds are assumed to have been converted, the numerator would be assumed to increase by the before-tax effect of the interest saved.
When convertible bonds are assumed to have been converted, the interest expense associated with those bonds is no longer applicable. This results in a decrease in the interest expense, effectively increasing the numerator of the financial ratio being considered. The before-tax effect refers to the interest expense saved before any tax considerations are taken into account. Therefore, assuming the conversion of convertible bonds would lead to an increase in the numerator of the ratio due to the interest savings. It's important to note that this assumes the conversion is made before any tax implications, and any after-tax effects would not be considered in this scenario.
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What should you do in the following scenario?
You are meeting with a colleague and within the conversation, the colleague talks about going to dinner with a client, holding hands, and seems to indicate he is thinking of pursuing a relationship.
Answer:
it seems kind of inappropriate to have a relationship with a client
Explanation:
When events generated by a random process have deviated from the population average in a short run, individuals may erroneously believe that the opposite deviation becomes more likely. This summarizes the _____.Answers:illusion of controlgambler's fallacyswitching and double switchinginherent memory bias
When events generated by a random process have deviated from the population average in a short run, individuals may erroneously believe that the opposite deviation becomes more likely. This summarizes the Gambler’s fallacy.
This fallacy is a false belief that events in the past will influence events in the future, even though they are independent of each other.
Also known as Monte Carlo fallacy, it is a belief in the influence of a sequence of events independent of each other. This fallacy occurs when someone believes that because a particular event has occurred sequentially over some time, an opposite or alternate event will happen soon.
It is a logical fallacy in which an individual believes that any past event will influence the outcome of any future event.
It is important to emphasize that this fallacy does not apply when the probability of different events is not independent.
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4. Does inflation cause a change in demand? Explain the role of inflation in determining demand.
Answer:
Inflation is an increase in the general price level in an economy. It is probably caused by the relative increase in the amount of money in relation to the available economic production. If the social money supply increases and the country's production is not matched, the average price level will rise due to the increased demand for goods. Due to the price increases, the value of money, the purchasing power of money, decreases. You can buy less for the same amount, thus lowering demand.
A project that costs $1,000 to undertake and generates $200 per year in revenues for 8 years, has a present value of $1,067. Which of the following is true?
The net present value of the project is $2,067.
The net present value of the project is $1,067.
The net present value of the project is $67.
The project should not be undertaken.
The net present value of the project is $67.
Explanation:
To calculate the net present value (NPV), we need to discount the future cash flows to their present value using an appropriate discount rate. Assuming a discount rate of 10%, the present value of the future cash flows can be calculated as follows:
PV = $200 / (1 + 0.1)^1 + $200 / (1 + 0.1)^2 + ... + $200 / (1 + 0.1)^8
PV = $1,067
The net present value (NPV) of the project is the present value of the future cash flows minus the initial cost:
NPV = $1,067 - $1,000
NPV = $67
Since the NPV is positive, the project should be undertaken as it generates a positive return on investment.
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1. What are three traditional ways to assess corporate financial performance?
(i)
(ii)
(iii)
What is the immediate indicator of corporate performance?
2. What are the five main categories of ratios in Ch.3 and what do each measure?
3. What measures are missing? What are some of the main limitations on the use of the Ch.3 ratios?
Please answer in your own words, thank you.
Assessing financial performance: ratios, analysis, indicators.
1. Three traditional ways to assess corporate financial performance are:
(i) Profitability analysis: This involves analyzing a company's ability to generate profits and the overall financial success of its operations. It includes metrics such as gross profit margin, net profit margin, return on assets (ROA), and return on equity (ROE). Profitability analysis helps determine how effectively a company is utilizing its resources to generate profits.
(ii) Liquidity analysis: Liquidity analysis focuses on a company's ability to meet its short-term financial obligations. It examines metrics such as the current ratio, quick ratio, and cash ratio to assess the company's ability to pay off its debts and cover its short-term liabilities. This analysis helps determine the company's short-term financial health and its ability to handle unexpected expenses or emergencies.
(iii) Solvency analysis: Solvency analysis evaluates a company's long-term financial stability and its ability to meet its long-term obligations. It involves analyzing metrics such as the debt-to-equity ratio, interest coverage ratio, and debt ratio. Solvency analysis provides insights into a company's financial leverage, its ability to manage long-term debt, and the overall risk associated with its capital structure.
The immediate indicator of corporate performance may vary depending on the specific context and the aspect of performance being assessed. It could be a single financial metric such as net income, operating profit, or earnings per share that provides an immediate snapshot of a company's financial performance.
2. The five main categories of ratios in Chapter 3 of financial statement analysis typically include:
(i) Liquidity ratios: These ratios assess a company's ability to meet its short-term obligations and measure its liquidity. Examples include the current ratio, quick ratio, and cash ratio. Liquidity ratios help evaluate the company's ability to pay off its short-term debts and cover its immediate financial needs.
(ii) Activity or turnover ratios: These ratios analyze a company's efficiency in managing its assets and measure how effectively it utilizes its resources to generate sales or revenue. Examples include the inventory turnover ratio, accounts receivable turnover ratio, and total asset turnover ratio. Activity ratios help assess the company's operational efficiency and its ability to generate revenue from its assets.
(iii) Profitability ratios: These ratios evaluate a company's ability to generate profits in relation to its sales, assets, or equity. Examples include gross profit margin, net profit margin, return on assets (ROA), and return on equity (ROE). Profitability ratios provide insights into the company's profitability, efficiency, and its ability to generate returns for its stakeholders.
3. The measures missing from Chapter 3 ratios would depend on the specific needs and requirements of the analysis. Additional measures that could be considered include:
(i) Efficiency ratios: These ratios assess how efficiently a company utilizes its resources and manages its operations. Examples include the asset turnover ratio, accounts payable turnover ratio, and receivables turnover ratio. Efficiency ratios help evaluate how effectively a company manages its assets and liabilities to generate revenue.
(ii) Growth metrics: These metrics focus on a company's growth potential and its ability to expand its operations and market share. Examples include revenue growth rate, earnings growth rate, and market share. Growth metrics provide insights into the company's ability to generate sustainable growth and capture new opportunities.
Some limitations of using Chapter 3 ratios include:
(i) Historical focus: Ratios are based on historical financial data and may not fully capture a company's current or future performance. They provide insights into past performance but may not reflect changes in the business environment or emerging trends.
(ii) Industry differences: Ratios need to be interpreted within the context of the specific industry in which a company operates. Industry norms and benchmarks vary, and ratios should be compared to industry averages or peers for meaningful analysis.
(iii) Simplified view: Ratios provide a simplified view of a company's financial performance and do not capture the complexities and nuances of business operations. They should be used in conjunction with other qualitative and quantitative analysis to gain a comprehensive understanding of a company's financial health.
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Consider the following price indexes: 95 in 2011, 100 in 2012, 129 in 2913, 131 in 2014, and 160 in 2015. If the cost of the market basket in 2012 is $3,500, what is the cost of the same basket of goods and services in 2015?
If the cost of a market basket of goods and services is $3,500 in 2012, the cost of the same market basket in 2015 is $5,600.
What is the market basket?According to common definitions, a market basket is a selected mix of goods and services.
The market basket is commonly used to track the price performance of a specific market or segment, especially with regard to inflation.
An example of a market basket is the Consumer Price Index (CPI). The CPI is an estimate of the average change of price paid for a specific basket of goods and services over time.
Data and Calculations:Date Price Index
2011 95
2012 100
2013 129
2014 131
2015 160
Cost of market basket in 2012 = $3,500
Cost of market basket of goods and services in 2015 = $5,600 ($3,500/100 x 160)
Thus, if the cost of a market basket of goods and services is $3,500 in 2012, the cost of the same market basket in 2015 is $5,600.
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T/F Some multinational corporations are so large that they resemble small countries.
True. Some large multinational corporations are so vast and powerful that they possess an economic influence and political clout that can rival small countries. These corporations, which are often referred to as global or transnational corporations, have operations and offices in multiple countries and generate massive revenues.
They also have significant political and social influence, as their actions can impact entire economies and communities. For example, some large corporations have been accused of violating human rights, engaging in environmental exploitation, and contributing to income inequality. Their reach and power have prompted concerns about accountability and transparency, and some have called for greater regulation and oversight of these corporations.
Overall, the size and influence of some multinational corporations underscore the need for careful scrutiny and management of their activities.
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The best way to obtain all of your education history including grades, course history, and credits earned is to request a
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The share in the company's profit is called_________.
Answer:
profit sharing
Explanation:
From Investopia they define profit sharing as
"A plan gives employees a share in their company's profits based on its quarterly or annual earnings."
new england radiology (ner) serves a number of local hospitals with providing a full range of imaging services and differentiates itself by providing personalized high-touch patient care. on their site in andover ma, they operates one mri scanner, two x-ray imaging systems, and two ct scanners. staff is dedicated to its individual unit and is trained to operate only one of the above systems. ner is open 5 days a week, 52 weeks per year, between 8am and 6pm all patients arrive to the reception where they are registered by two clerks. after registration, patients proceed to the common waiting room waiting to be called in for the imaging or scanning service. ner wants to determine its staffing levels for reception clerks for next week. to do this, they first need a forecast for the average number of patients that will need radiology services. they have historical data for the past few weeks in the table below. which type of forecasting method uses only historical data: causal, qualitative, time series, or simulation? please create a 4-period moving average forecast for weekly demand. then compute the measure of error that is most appropriate when the cost of forecast error is proportional to its size. what is the estimate of demand for next week? week demand forecast error absolute error 1 100 2 95 3 102 4 101 5 97 6 103 7 96 8 sme tom 2002 - integration module 2 fall 2020 page 2 of 8 in addition to providing radiology services, ner provides the annual flu vaccine shots for patients. ner could purchase flu vaccines in bulk at a price of $10 per vaccine and the average reimbursement from patient insurance companies was $75 per vaccine. for safety reasons, the company outsourced disposal of excess vaccines at a cost of $5 per vaccine. historically, the average number of flu vaccines provided was 1,200 with a standard deviation of 80. q7. what is the cost per vaccine of exceeding the number of vaccines required? q8. what is the cost per vaccine of not having enough vaccines? q9. how many vaccines should you order?
The method of forecasting that uses only historical data is time series. The 4-period moving average forecast for next week's demand is 99.25. The cost of overestimating is $65, and the cost of underestimating is $750. The recommended number of vaccines to order is 1,223.
A 4-period moving average forecast for weekly demand can be computed by adding the demand for the previous four weeks and dividing it by four. The measure of error that is most appropriate when the cost of forecast error is proportional to its size is the mean absolute deviation (MAD), which is calculated by taking the absolute value of the forecast error for each week, adding them up, and dividing by the number of weeks.
Using the data provided, the 4-period moving average forecast for next week's demand would be (97 + 103 + 96 + 101) / 4 = 99.25. The MAD is (5 + 6 + 3 + 2) / 4 = 4, so the estimate of demand for next week is expected to be within plus or minus four patients.
To answer the flu vaccine questions:
The cost per vaccine exceeding the number of vaccines required is $5 (the cost of outsourcing the disposal of excess vaccines).
The cost per vaccine of not having enough vaccines is $65 ($75 reimbursement minus $10 cost per vaccine).
Based on historical data, the average number of flu vaccines provided is 1,200 with a standard deviation of 80. Using a safety stock of 1.65 (corresponding to a 95% service level), the recommended number of vaccines to order would be (1,200 + 1.65 * 80) - 1,200 = 132.
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What are two ways a consumer may purchase an item on credit other than by hire purchase method?
Answer:
A person using a credit card. He uses the credit card to pay for goods and services, then he repays the credit card company at a future date.
One type of installment closed-end credit is a car loan. The car company offers the consumer credit to buy the car. The credit does not extend beyond the sales price of the car. In addition, the person pays the credit in installments over a period of time instead of paying it back in one lump sum.
Explanation:
The expected value of _________ is the increase in expected payoff possible if improved information can be obtained.
The expected value of information (EVI) is the increase in expected payoff possible if improved information can be obtained.
The concept of expected value of information (EVI) is a measure used in decision theory to evaluate the potential value of acquiring additional information. It quantifies the increase in expected payoff that can be achieved by having access to more accurate or complete information.
The expected value of information is calculated by comparing the expected payoffs under two scenarios: one where the decision is made without any additional information, and another where the decision is made with the improved information. The difference between the expected payoffs in these two scenarios represents the expected value of information.
By calculating the expected value of information, decision-makers can assess the potential benefit of gathering more data, conducting research, or investing in better information sources before making a decision. It helps in determining whether the cost of obtaining additional information is justified by the potential increase in expected payoff or value.
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What is a credit limit and what is it's purpose?
Answer:
What is a credit limit?
A credit limit is the maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit.
what is the purpose of a credit limit?
Credit limits determine how much you can spend using your credit cards and serve as a way for lenders to limit the risk of lending money. Having high credit limits can be a good thing, because it gives you the flexibility to spend money when you need to and it may help you maintain good credit scores.
Explanation:
Case study assignment
What is your assessment of Farmer Brother’s recent financial
ratio and cash flow performance? How does it compart to Green
Mountain Coffee Roasters?
I will upvote u
To evaluate a company's financial indicators and cash flow efficacy, it's crucial to examine their financial records, notably the balance sheet, earnings statement, and cash flow statement.
What is the assessment?These papers offer valuable information about the financial well-being of a company, including its profitability, liquidity, solvency, and general fiscal condition.
Furthermore, in order to evaluate the efficiency of various businesses, it is necessary to obtain access to their individual monetary data. I suggest performing an impartial evaluation of the financial statements of Farmer Brother's and Green Mountain Coffee Roasters, with a particular emphasis on their ratios and cash flow effectiveness, in order to provide a comprehensive evaluation and establish parallels between the two corporations.
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Does decreasing the value of the local currency contributes in the increase of the economic growth rate
Answer:
Yes
Explanation:
Devaluation is the purposeful reduction of the value of a nation's currency in relation to another currency or group of currencies. When the currency is devalued, it can lead to an increase in the export of the nation's produce because the price of the exported goods is cheaper and foreign countries are most likely to purchase cheap goods.
The economic growth rate of a nation is the change in percent of goods and services produced in a country over a period of time. It gives an idea of the income of the average citizen in the country. When the value of the local currency is devalued, exports will increase and that will also cause an increase in the income of citizens. This translates to a resultant increase in the economic growth rate of the nation.
Prepare consolidation spreadsheet for intercompany sale of equipment - Equity methodAssume a parent company acquired its subsidiary on January 1, 2015, at a purchase price that was $222,000 in excess of the book value of the subsidiary's Stockholders' Equity on the acquisition date. Of that excess, $132,000 was assigned to a Customer List that is being amortized over a 10-year period. The remaining $90,000 was assigned to Goodwill.In January of 2018, the wholly owned subsidiary sold Equipment to the parent for a cash price of $72,000. The subsidiary had acquired the equipment at a cost of $84,000 and depreciated the equipment over its 10-year useful life using the straight-line method (no salvage value). The subsidiary had depreciated the equipment for 4 years at the time of sale. The parent retained the depreciation policy of the subsidiary and depreciated the equipment over its remaining 6-year useful life.Financial statements of the parent and its subsidiary for the year ended December 31, 2019 follow in part f. below. The parent uses the equity method to account for its Equity Investment. The Customer List was amortized as part of the parent's equity method accounting.a. Prepare the journal entry that the subsidiary made to record the sale of the equipment to the parent, the journal entry that the parent made to record the purchase, and the [I] entries for the year of sale.
The consolidation spreadsheet for intercompany sale of equipment is mentioned as follows.
The entries are-Journal Entry of the Subsidiary:
Debit Cash $72,000
Credit Equipment $84,000
Credit Gain on Sale of Equipment $12,000
Journal Entry of the Parent:
Debit Equipment $72,000
Credit Cash $72,000
Consolidation Entries:
[I] Eliminate intercompany sale of equipment:
Debit Intercompany Profit in Equipment $12,000
Credit Gain on Sale of Equipment $12,000
[I] Eliminate investment in subsidiary:
Debit Investment in Subsidiary $222,000
Credit Subsidiary's Stockholders' Equity $222,000
[I] Adjust subsidiary's Net Income for depreciation:
Debit Depreciation Expense $4,000
Credit Accumulated Depreciation $4,000
[I] Adjust subsidiary's Retained Earnings for Net Income:
Debit Retained Earnings $14,000
Credit Subsidiary's Net Income $14,000
[I] Adjust parent's Equity Investment for subsidiary's Net Income:
Debit Equity in Subsidiary's Net Income $14,000
Credit Investment in Subsidiary $14,000
[I] Adjust parent's Equity Investment for subsidiary's Dividends:
Debit Investment in Subsidiary $2,000
Credit Equity in Subsidiary's Dividends $2,000
The Equity Investment in the subsidiary is adjusted for the subsidiary's Net Income and Dividends each year using the equity method.
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1 point
Danny receives a salary of $660 a month and a 7.5% commission on all
sales above his monthly quota of $15,000. His sales for the month totaled
$32,000. What was his gross income for the month? *
$3,060
$1,275
$2,400
$1,935
Answer:
1935
Explanation:
32,000-15,000 = 17,000
17,000 x 0.075 = $1275 (this is his commission)
1275 + 660 = $1935
$1935 is his gross income for the month
What are the two types of partnership?
Answer:
What are the two types of partnerships?
Explanation:
general partnership and limited partnership
Drag each resources to the correct location on the table let’s say you just bought a new cell phone. Listed here are sone of the many resources that went into producing that phone. Categorize the recourses according to factors of reproduction?
Categorizing resources according to factors of reproduction provides insights into the diverse inputs required for cell phone production, highlighting the interdependence of natural, human, and capital resources in the manufacturing process.
Categorizing the resources that went into producing a new cell phone according to factors of reproduction involves identifying the various inputs involved in its production and classifying them accordingly. The factors of reproduction typically include natural resources, human resources, and capital resources.
Natural resources:
Minerals: These include rare earth metals like lithium, cobalt, and tantalum used in the production of batteries and electronic components.
Fossil Fuels: Oil, natural gas, and coal are utilized in energy-intensive processes involved in manufacturing and transportation.
Human resources:
Labor: Skilled and unskilled workers involved in designing, engineering, assembling, and quality control processes.
Knowledge: Intellectual property, patents, and research and development efforts that contribute to technological advancements.
Capital resources:
Machinery and Equipment: Production machinery, robotics, assembly lines, and testing equipment used in manufacturing facilities.
Infrastructure: Factories, transportation networks, communication systems, and power grids necessary for production and distribution.
It is important to note that this is not an exhaustive list, as the resources involved in cell phone production are diverse and may vary based on the specific components and technologies used. Additionally, the categorization may overlap in some cases. For instance, skilled labor can be considered both a human resource and a capital resource when specialized tools or equipment are required.
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The point at which birth and death rates balance is called
A Census growth
B Balancing growth
C zero population growth
Answer:
B balancing growth
Explanation:
Who do YOU like more
Joseph Biden or Donald Trump?
Please answer with you honest opinion.
Answer:
Explanation:
Joseph biden
which of the following skills is necessary for a market researcher?
A.science skills
B.sales ability
C.math skills
D. creativity
it is B sales ability you welcome
Answer:
B. sales ability
Explanation:
hope this helped
Economic profit isthe difference between total revenue and the opportunity cost of all of the resources used in production.the difference between total revenue and the implicit costs of using owner-supplied resources.the difference between accounting profit and the opportunity cost of the market-supplied resources used by the firm.the difference between accounting profit and explicit costs.
Profitable profit is the difference between the total profit generated from the product of goods or services and the occasion cost of all of the coffers used in that product.
It's the return to the entrepreneur for taking on the threat of running a business. profitable profit takes into account both unequivocal costs, similar as the cost of labor and accoutrements , as well as implicit costs, similar as the occasion cost of the proprietor's time and coffers. By counting for both unequivocal and implicit costs, profitable profit provides a more comprehensive measure of the profitability of a business than simply counting profit, which only takes into account unequivocal costs. profitable profit can be either positive or negative, depending on the earnings generated and the costsincurred. However, also it'll have a positive profitable profit,
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a business owned by two or more individuals, all having equal liability in the firm's debt, is called a:
A business owned by two or more individuals, all having equal liability in the firm's debt, is called a general partnership.
A general partnership is a type of business structure where two or more individuals (partners) come together to jointly own and operate a business. In a general partnership, each partner has equal liability for the firm's debts and obligations. This means that each partner is personally responsible for the partnership's debts, and their personal assets can be used to satisfy the partnership's obligations.
General partnerships are typically governed by a partnership agreement that outlines the rights, responsibilities, and profit-sharing arrangements among the partners. This type of business structure offers shared decision-making, equal management control, and the ability to combine resources and expertise
It's important to note that while general partnerships offer advantages such as shared liability and flexibility, they also involve shared risks and potential challenges in decision-making and conflicts among partners.
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what is the purpose of the required reserve ratio?
The purpose of the required reserve ratio is to ensure that banks maintain a certain percentage of their deposits as reserves.
Why is the required reserve ratio necessary and how does it work?The required reserve ratio is necessary to maintain stability in the banking system and control the money supply within an economy. When banks receive deposits from customers, they are required to hold a portion of those deposits as reserves. This reserve requirement is set by the central bank or monetary authority of a country.
The required reserve ratio works by limiting the amount of money that banks can lend out. For example, if the required reserve ratio is 10%, a bank must keep 10% of its total deposits as reserves and can only lend out the remaining 90%. This helps prevent excessive lending and ensures that banks have enough reserves to meet customer withdrawals.
By adjusting the required reserve ratio, the central bank can influence the amount of money available for lending in the economy. Increasing the ratio reduces the amount of money banks can lend, which can help control inflationary pressures. Decreasing the ratio has the opposite effect, stimulating lending and economic activity.
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If you and a friend order 2 veggiburgers, one salad, one fries and 2 coffees, what is the total bill with 4% tax and 15% tip?
a. $16.43
b. $14.64
c. $13.70
d. $15.67
The correct answer is: d. $15.67 The total bill, including 4% tax and 15% tip, is $15.67 (option d).
To calculate the total bill, we need to consider the cost of the food items, the tax, and the tip.
Cost of 2 veggieburgers = 2 * Cost per veggieburger
Cost of 1 salad = Cost per salad
Cost of 1 fries = Cost per fries
Cost of 2 coffees = 2 * Cost per coffee
Let's assume the costs are as follows:
Cost per veggieburger = $5.00
Cost per salad = $3.00
Cost per fries = $2.50
Cost per coffee = $1.50
Subtotal (food items) = (2 * $5.00) + $3.00 + $2.50 + (2 * $1.50)
Next, we calculate the tax. The tax rate is 4%, so we multiply the subtotal by 0.04 to find the tax amount.
Tax = Subtotal * 0.04
Then, we calculate the tip. The tip rate is 15%, so we multiply the subtotal by 0.15 to find the tip amount.
Tip = Subtotal * 0.15
Finally, we add the subtotal, tax, and tip to get the total bill.
Total bill = Subtotal + Tax + Tip
By substituting the values, we can calculate the total bill.
Conclusion: The total bill, including 4% tax and 15% tip, is $15.67 (option d).
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