If the government imposes a price floor at $10, it would be non-binding if market demand is Demand A and binding if market demand is Demand B. Thus, option (c) is correct.
What is demand? :- The term “demand” is relying on people's needs and wants for a number of goods and services. Demand is an economic notion that deals with the connection between consumer demand for goods and services and their market prices.
According to the government charges a price floor at $10 is the market non-binding Demand A and the market demand is Demand B is to increase A The problem with the credit market is that rich people will always get a loan irrespective of the quality of their project B it is easier for rich people to get loans because they are able to provide equity or collateral С Banks are described as "too big to fail when their large size makes them safe institutions.
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Strategic positioning attempts to achieve sustainable competitive advantage by ______. Multiple choice question. preserving what is distinctive about a company performing similar activities as those of rivals and in similar ways changing key aspects of a company's identity creating a meaningful mission statement
The manager is handling the case as an
Organisational opportunity
Option A
Organisational opportunityGenerally,Organisational opportunities that have favorable external factors that would give an organization the advantage over there competitors
Therefore, how I think the manager is handling the case is by seeing it as Organisational opportunity
Option A
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if this years year end dividend is $8 and the market capitlazation is 10% per year what must the stock price be according
The stock price must be $80.
To calculate the stock price based on the year-end dividend and market capitalization rate, we can use the Gordon Growth Model (Dividend Discount Model), which is:
Stock Price = D1 / (k - g)
Where:
- Stock Price is the current stock price
- D1 is the next year's dividend
- k is the required rate of return (market capitalization rate)
- g is the constant growth rate of dividends
Given:
- This year's year-end dividend (D0) = $8
- Market capitalization rate (k) = 10% per year
- The growth rate of dividends (g) is not provided, so we will assume it to be 0 for simplicity.
First, calculate next year's dividend (D1):
D1 = D0 * (1 + g)
D1 = $8 * (1 + 0)
D1 = $8
Now, we can calculate the stock price:
Stock Price = D1 / (k - g)
Stock Price = $8 / (0.1 - 0)
Stock Price = $8 / 0.1
Stock Price = $80
According to the given information, the stock price must be $80.
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From June to the end of September, Jennifer wants to save at least $1,500. Her monthly expenses are $600. Jennifer saves whatever money she has left after paying her expenses each month. Jennifer is scheduled to work 80 hours in September. Find the minimum sales she needs in September to meet her goal of saving at least $1,500.
The minimum sales required by Jennifer to meet her savings goal must be $26.25 per hour or $2100 for September.
Given that,
Savings desired = $1500
Monthly expenses = $600
Let money earned by her every hour be \(x\)
No. of scheduled work hours \(=\) \(80\)
So,
Total money earned for the month \(=\) \(80\) × \(x\)
\(= 80x\)
As we know,
Money left = Total money earned - expenses
\(= 80x\) - \($600\) ...(i)
A.T.Q.
Money left must be = $1500
Then, by putting the variables in equation (i), we get
\(80x - 600 = 1500\)
Now, solving for \(x\)
\(80x - 600 = 1500\)
\(+600 = + 600\)
_______________
\(80x = 2100\)
\(x = 2100/80\)
∵ \(x = 26.25\)
Thus, the required sales are $ \(26.25\) per hour or ( \(26.25\) × \(80\) = $2100) for the month of September.
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what is another term that means withholding
A) gross income
B) payroll deductions
C) taxable income
D) allowances
Answer:
B) payroll deductions
Explanation:
To withhold a payment implies abstaining or avoiding to pay. If an employer withholds some payments, it means that the employee will not receive the withheld amount.
When employers withhold taxes and other deductions, it means the employee will not be given the tax amount. The employer will deduct that amount from the employee pay and forward it to the tax agency. Withholding, in this sense, is payroll deductions.
Which part of effective leadership deals with maintaining equity?
Answer:
the part where you have to lead
Explanation:
A company regularly honors its employee-of-the-month with a congratulatory post on its social media pages. Which standards should the company establish and enforce to best protect the privacy rights of these employees?
Rules of conduct for how social media followers and visitors respond to the posts standards should the company establish and enforce to best protect the privacy rights of these employees.
Establish: to introduce, induce to expand, or cause to become stable or firm. to promote the widespread knowledge and acceptance of (someone or something). to support a claim. Her stardom was cemented by the movie. She has a reputation for being a diligent worker. The word is now firmly entrenched in the English language.
Authorize, base, build, create, enact, form, found, inaugurate, install, institute, provide, put, settle, start, confirm, determine, formulate, make, prove, and ratify are all synonyms for "establish."
to begin experiencing joy, self-assurance, and success in a new position or location. She was only beginning to settle down here. Words that are related and synonyms. being or acquiring happiness or happiness. Enjoy it. to verify one's status, someone else's status, or something else's reputation as being a particular thing.
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what is the typical relationship between changes in interest rates and stock market levels?
The relationship between changes in interest rates and stock market levels is complex and can vary depending on the specific circumstances.
In general, the relationship is inverse, meaning that when interest rates rise, stock market levels tend to fall, and when interest rates fall, stock market levels tend to rise. The reason for this inverse relationship is that higher interest rates increase the cost of borrowing for companies, which can lead to lower profits and slower economic growth. This can lead investors to sell stocks, causing stock market levels to decline. Conversely, lower interest rates reduce the cost of borrowing, which can stimulate economic activity and increase profits for companies, leading investors to buy stocks and push stock market levels higher. However, there are many factors that can influence the relationship between interest rates and stock market levels, including the strength of the economy, inflation rates, and geopolitical events. In some cases, such as during times of economic uncertainty, both interest rates and stock market levels may fall together.
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apart from setting goals to improve employee productivity, blue chemicals inc. plans to introduce social service programs in which employees can participate. which feature of a smart2 goal can be observed in this scenario?
Feature of a smart2 goal can be observed in this scenario is meaningful.
‘SMART’ can be defined as an acronym that stands for Specific, Measurable, Achievable (or Attainable), Relevant, and Time-bound. SMART goals meet all 5 of these criteria — and, as a result, focused, are strategic, and actionable.
Features of SMART, such as:
Specific, can be defined as the goal should be very precise with no room for misinterpretation.Measurable, can be defined as the goal should be quantifiable, and progress should be easy to track.Achievable, can be defined as the goal should be attainable — not outlandish or unrealistic.Relevant, can be defined as the goal should contribute to your broader, overarching goals.Time-bound, can be defined as the goal should have a defined start and end date.Learn more about SMART goals here https://brainly.com/question/4939309
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What type of account is used regularly and handles day-to-day
transactions?
A Line of credit
B Money market
C Checking
D Savings
Choose the items that represent data you might add to your career portfolio. check all of the boxes that apply. employer letters of recommendation vacation photos school transcripts national test scores photos you exhibited at a gallery or show chronological list of jobs held
employer letters of recommendation, school transcripts, national test scores photos you exhibited at a gallery, or show a chronological list of jobs held
A gallery, in architecture, is a covered passage open on one side, such as a portico or colonnade. More specifically, in late medieval and Renaissance Italian architecture, a narrow balcony or platform runs the length of a wall.
The Long Corridor looks like a spacious corridor but is designed as a gallery in itself rather than just a transition from room to room. By the 16th century, the seemingly obvious concept of the corridor had not been introduced into English domestic architecture. The rooms were entered from the outside or by walking from one room to another.
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Gina is about to use a fire extinguisher on a small fire.
What factor determines the type of extinguisher she
should use?
another bank has offered 9% add-on interest to be repaid in 12 equal monthly installments. what is the monthly payment on this add-on interest loan?
the monthly payment on this add-on interest loan is approximately 0.9091 times the principal amount.
To calculate the monthly payment on an add-on interest loan, you need to divide the total loan amount by the number of months. Given that the interest rate is 9% and the loan is to be repaid in 12 equal monthly installments, we can assume that the total loan amount is 100% + 9% = 109% of the principal.
Let's say the principal amount is P.
The total loan amount, including interest, is 109% of P.
To calculate the monthly payment, we divide the total loan amount by the number of months:
Monthly Payment = Total Loan Amount / Number of Months
Since the loan is to be repaid in 12 equal monthly installments, we have:
Monthly Payment = 109% of P / 12
Dividing 109% by 12 gives us:
Monthly Payment = 0.9091P
Therefore, the monthly payment on this add-on interest loan is approximately 0.9091 times the principal amount.
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One of the following is against the business ethics. Find it.
a) Charging fair price for the product.
b) Giving wages to employees if by not considering their work load. c) Using correct measurement for products
d) Giving chances to hear the problems of employees.
a pizza business has the cost structure described below. the firm’s fixed costs are $20 per day.
The Average Fixed Cost at an output of 5 pizzas is given as $20.
What is the average fixed cost?The average fixed cost in economics is the fixed costs of production divided by the quantity of output generated. Fixed costs are those that must be incurred in a consistent amount regardless of the level of production generated. Total fixed cost (TFC)/Output = AFC (Q) Fixed cost per unit of production is referred to as average fixed cost.
Hence given the attached schedule
The Total Fixed Cost for the production of 5 pizzas is given as :
(20 + 80)/5 Recall that Total Fixed cost = Fixed Cost + Variable Cost; Hence
AFC =(20 + 80)/5
AFC = 100/5
AFC = $ 20
Hence, the Average Fixed Cost at an output of 5 pizzas is given as $20
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Full Question:
A pizza business has the cost structure described below. the firm’s fixed costs are $20 per day. What are the firm's average fixed costs at an output of five pizzas?
a) Provide the moving average representation of a random walk model (without a drift component). What does this representation suggest? [6 marks]
b) When comparing the goodness of fit of two possible models, you note that model A provides an Akaike Information Criterion (AIC) value of 65.3, whilst model B provides value of 55.2. Which model is more likely to be responsible for the underlying data- generating-process?
Model B's lower AIC value (55.2) suggests it is a better representation of the data-generating process, considering the goodness of fit and model complexity.
a) The moving average representation of a random walk model without a drift component can be represented as:
Y(t) = Y(t-1) + ε(t)
This representation suggests that the current value of the random walk process (Y(t)) is equal to the previous value (Y(t-1)) plus a random shock or error term (ε(t)). In other words, the process evolves over time by adding a random noise term to the previous value.
The absence of a drift component in the random walk model indicates that the process does not have a systematic tendency to move in a particular direction over time. Instead, it is driven solely by random shocks, making it a non-stationary process.
b) Model B is more likely to be responsible for the underlying data-generating process as it provides a lower Akaike Information Criterion (AIC) value of 55.2 compared to Model A with a value of 65.3. The AIC is a measure of the relative quality of statistical models, where a lower AIC indicates a better fit to the data.
The AIC takes into account both the goodness of fit of the model and the complexity of the model. It penalizes models with more parameters, favoring simpler models that still adequately explain the data. Therefore, the lower AIC value of model B suggests that it provides a better trade-off between goodness of fit and model complexity, making it more likely to be the model that best represents the underlying data-generating process.
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what annual payment must you receive in order to earn a 6.5% rate of return on a perpetuity that has a cost today of $1,250? (allow a tolerance of / - $2 when selecting your answer to allow for differences in rounding.)
The annual payment that you must receive in order to earn a 6.5% rate of return on the perpetuity is approximately $81.25.
To earn a 6.5% rate of return on a perpetuity that has a cost of $1,250 today, the annual payment must be calculated using the formula for the present value of a perpetuity.
The formula for the present value of a perpetuity is:
Present Value = Annual Payment / Interest Rate
Rearranging the formula, we can solve for the annual payment:
Annual Payment = Present Value * Interest Rate
Plugging in the values, we have:
Annual Payment = $1,250 × 0.065
Annual Payment ≈ $81.25
This means that if you invest $1,250 and receive an annual payment of $81.25, you will achieve a 6.5% return on your investment.
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If san francisco were to repeal its rent control law, the prices for short rentals in the city listed on airbnb and other peer-to-peer sites would likely?.
If san francisco were to repeal its rent control law, the prices for short rentals in the city listed on airbnb and other peer-to-peer sites would likely to fall because the availability of housing would grow as the average rent rose.
Rent control law limits the amount a landlord may charge for leasing or renewing a lease. Municipalities typically pass rent control laws, although the specifics might differ greatly. All are designed to keep housing expenses within the reach of those with lower incomes.
Airbnb, which stands for "Air Bed and Breakfast," is a service that allows property owners to rent out their premises to tourists in need of a place to stay. As the average rent rose the availability of houses would grow which leads to the fall in prices for short rentals.
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The most important ethical considerations associated with criminalising hate speech is
The criminalization of hate speech raises important ethical considerations, including concerns about freedom of expression, the potential for selective enforcement, and the impact on marginalized communities.
Firstly, freedom of expression is a fundamental human right, and restrictions on speech must be carefully balanced with the need to protect individual and community rights. Criminalizing hate speech can limit the ability of individuals to express their opinions and ideas, even when those ideas may be unpopular or offensive. This raises important questions about the appropriate balance between protecting individuals and groups from harm and preserving freedom of expression.
Secondly, there is a risk of selective enforcement when criminalizing hate speech, which may disproportionately impact certain groups or individuals. Law enforcement and other authorities may apply hate speech laws in a discriminatory or arbitrary manner, which can undermine public trust in the justice system and exacerbate social divisions.
Finally, the impact of hate speech on marginalized communities must be considered when evaluating the ethics of criminalizing hate speech. Hate speech can contribute to the marginalization, discrimination, and violence against vulnerable groups, and may have lasting psychological and social impacts. Criminalizing hate speech can send a strong message that such behavior is not acceptable, and can help to protect individuals and communities from harm.
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Becky loves watching her favorite 30-minute television shows, once they become available for streaming on the Internet. In order from her most to least favorite, Becky's all-time favorite Shows, in order of preferences, are Community, Parks and Recreation, The Office, and 30 Rock. Becky has time for only one show and Community is not available. She chooses to watch Parks and Recreation. What is her opportunity cost
Becky's opportunity cost is watching "The Office" and "30 Rock".
Opportunity cost in economics is the theory of one action leading to the refusal or choosing one over the other. This means that the choice left is the opportunity cost of that person.
The value of one thing after it is rejected over another choice is the opportunity cost of that option. In the given scenario, Becky has several favorite television shows that she likes. But while her favorite among the 'favorites' is unavailable, she chooses the next best show. This means that she chose the second-best show she likes, leaving out the other shows she still likes. The opportunity cost of Becky would then would be the shows that she 'rejected' or choose to watch, which are "The Office" and "30 Rock".These television shows may be her favorites but even within them, she has preferences. And in choosing "Parks and Recreation" over "The Office" and "30 Rock" with the unavailability of her first preference, the least favorite shows are Becky's opportunity costs.
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write short notes by Napier bone
Answer:
Napier's bones is a manually-operated calculating device created by John Napier of Merchiston, Scotland for the calculation of products and quotients of numbers. The method was based on lattice multiplication, and also called 'rabdology', a word invented by Napier. Napier published his version in 1617.
what is the main difference between a defined benefit (db) pension and a defined contribution (dc) pension?
The main difference between a defined benefit (DB) pension and a defined contribution (DC) pension is that a DB pension provides a guaranteed retirement income based on a formula, while a DC pension provides a retirement income based on contributions and investment earnings.
What is a defined benefit pension plan?A defined benefit (DB) plan is a type of pension plan that promises a specific benefit amount to employees when they retire, which is generally based on a formula that considers an employee's years of service and final average pay. Employers fund DB pension plans and are responsible for ensuring that there are enough assets in the plan to pay promised benefits.
What is a defined contribution pension plan?A defined contribution (DC) plan is a type of retirement plan that allows employees to contribute a portion of their salary into an account that grows tax-free until retirement. Employers may also contribute to the employee's account in the form of matching contributions or profit-sharing contributions.
The account balance at retirement is determined by the contributions made and the investment returns earned on those contributions. The employee is responsible for managing the investments in the account and bears the investment risk.
The employee also has the flexibility to choose when to retire and how to take distributions from the account.
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suppose that workers in both nations work a ten-hour day and split their time evenly between producing the two goods. total world output of will be enter your response here. total world output of will be enter your response here
In a scenario where workers in both nations work a ten-hour day and split their time evenly between producing two goods, the total world output will depend on the productivity of the workers and the efficiency of the production process.
To calculate the total world output, we need to consider the production of both goods by workers in both nations. If each worker in both nations spends half of their ten-hour day producing each of the goods, we can calculate the output as follows: 1. Determine the total number of workers in both nations. 2. Calculate the productivity of each worker by dividing the total output by the number of workers. 3. Multiply the productivity of each worker by the number of workers to get the total output of each good in each nation. 4. Add up the total outputs of both goods in both nations to get the total world output. For example, let's say there are 100 workers in each nation, and the productivity of each worker is 5 units of each good.
The calculation would be as follows: 1. Total number of workers in both nations: 100 + 100 = 200 workers. 2. Productivity of each worker: 5 units. 3. Total output of each good in each nation: 100 workers × 5 units = 500 units. 4. Total world output: 500 units + 500 units = 1000 units. Therefore, in this scenario, the total world output would be 1000 units. It's important to note that the actual output will depend on various factors such as the skill level of the workers, the technology used, and the efficiency of the production process. This calculation assumes equal productivity and efficiency in both nations.
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Project: Privacy Issues
Assignment Directions:
Go to www.cdt.org and find its privacy policy. Read the privacy policy and then do the following exercise:
Find ten personal identifiers—information about you and your computer—that most Web sites collect from every visitor to the page.
List four things that the Web site promises not to do with your information that it collects.
BONUS: Identify which act can be used to compel the Web site to give your personal identifying information.
After reading the privacy policy on cdt.org, ten personal identifiers that most websites collect from every visitor to the page are: 1. IP address, 2. Browser type and version, 3. Operating system, 4. Device type, 5. Referring website, 6. Pages visited, 7. Search terms used, 8. Time and date of visit.
Personal identifiers are pieces of information that can be used to identify an individual. Websites often collect these types of information from visitors to their site in order to improve user experience or to target ads. The ten personal identifiers listed above are some of the most common pieces of information that websites collect from visitors.
The privacy policy on cdt.org promises not to do the following with the information it collects from visitors:
1. Sell or rent personal information to third parties
2. Share personal information with third parties for marketing purposes
3. Use personal information for any purpose other than providing requested services
4. Store personal information for longer than necessary
The act that can be used to compel the Web site to give your personal identifying information is the Electronic Communications Privacy Act (ECPA). This act provides privacy protections for electronic communications and allows individuals to access their own electronic communications, as well as request that companies provide them with any personal identifying information that has been collected.
Ten personal identifiers most websites collect from every visitor are:
1. IP address
2. Browser type and version
3. Operating system
4. Date and time of visit
5. Referring/exit pages
6. Clickstream data (pages viewed, time spent on each page)
7. Cookies
8. Location data
9. Device information (e.g., mobile device ID)
10. User's interaction with the website (e.g., search queries, clicks)
Four things the website promises not to do with the information collected are:
1. Not sell or rent personal information to third parties
2. Not share personal information with third parties for their direct marketing purposes
3. Not use personal information for purposes other than those for which it was provided
4. Not disclose personal information to third parties, except under certain circumstances (e.g., when required by law, with user consent, etc.)
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Coming into effect in 1994, NAFTA encouraged free trade between the United States and which two other countries? Question 4 options: a) Japan and China b) Canada and Mexico c) Panama and Brazil d) Canada and Cuba
NAFTA, or the North American Free Trade Agreement, came into effect in 1994 and encouraged free trade between the United States and two other countries B. Canada and Mexico.
NAFTA aimed to promote economic growth by reducing trade barriers and fostering investment between the three member countries. It eliminated most tariffs and other trade restrictions, allowing for the easier flow of goods and services across borders. As a result, businesses and consumers benefited from lower prices, increased trade, and enhanced competitiveness in the global marketplace. The agreement also facilitated cooperation in areas like environmental and labor regulations, setting standards that the member countries agreed to follow.
Overall, NAFTA has played a significant role in shaping the economic landscape of North America, contributing to increased trade and investment between the United States, Canada, and Mexico. Although the agreement has faced criticism for its impact on certain industries and job markets, it has also led to numerous benefits for businesses and consumers in the region. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
Coming into effect in 1994, NAFTA encouraged free trade between the United States and which two other countries? Question 4 options:
a) Japan and China
b) Canada and Mexico
c) Panama and Brazil
d) Canada and Cuba
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If the U.S. dollar-British pound exchange rate is $1.30 per pound, and the U.S. dollar-euro rate is $1.12 per euro: Instructions: Enter your response rounded to the nearest two decimal places. a. What is the pound-per-euro rate?
Given that the U.S. dollar-British pound exchange rate is $1.30 per pound, and the U.S. dollar-euro rate is $1.12 per euro.A rate of exchange is the number of units of one country's currency that has to be surrendered to get one unit of another country's currency.
It is used to compare the relative value of the two currencies.So, to find the pound-per-euro rate, we can use the cross-rate formula.Cross-rate = rate of currency 1 / rate of currency 2Given that the rate of U.S. dollar-British pound exchange is $1.30 per pound.Rate of GBP/USD = $1.30 per pound.To calculate the rate of USD/GBP, we can take the reciprocal of $1.30 per pound.USD/GBP rate = 1/1.30 per pound or 0.7692 pounds per dollar.Similarly, given that the rate of U.S. dollar-euro exchange is $1.12 per euro.Rate of USD/EUR = $1.12 per euro.To calculate the rate of EUR/USD, we can take the reciprocal of $1.12 per euro.EUR/USD rate = 1/1.12 per euro or 0.8929 dollars per euro.We can now use the cross-rate formula:GBP/EUR rate = GBP/USD rate ÷ EUR/USD rate= 0.7692 pounds per dollar ÷ 0.8929 dollars per euro= 0.8617 pounds per euro (rounded to the nearest two decimal places)Therefore, the pound-per-euro rate is 0.86.
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will mark brainliest if answered!! due today!! this was in my business class so i chose business
Lionel works for an energy company interested in drilling for oil off the coast of a small island. The representative for the local fishing industry, Rochelle, says that locals are vigorously opposed to Lionel’s idea. A town meeting is held. Lionel explains how his company is dedicated to practicing the safest drilling techniques. He explains that oil piped from the ocean’s floor is purer and that it can be harvested in a more efficient way than an oil rig on land. Lionel also emphasizes how much the trucks carrying fish to the markets all over the country would save if local oil was able to be used. Rochelle fires back that in the past, serious accidents with offshore oil drilling have been reported. She points out that if there were a spill, the resulting death of fish would cost the local fisherman their livelihood. Local opinion on the issue is split. Before the town agrees to side with Lionel’s energy company or Rochelle’s local fish industry, officials order a report from a biotechnologist. Everyone agrees to go with what the biotechnologist recommends. Which side do you think the biotechnologist will agree with? Why?
Answer:
Rochelle
Explanation:
Because Rochelle oil company is safer than lionel because if there was a leak the damage would be very big.
Answer:
Rochelle
Explanation:
Rochelle because Because her oil company is safer than Lionel because if there were an oil spill the damage would be huge and it would damage the fish while if they take on Rochelles's idea, they can keep the fish healthy and happy.
Implementation is the final phase of the creation of a system
a. True
b. False
2. Select all that are key drivers of procurement
a. Time
b. Purchase
c. Cost
d. process e. control
Implementation is the procurement final phase of the creation of a system. Answer: b. False Implementation is an important phase in the creation of a system, but it is not necessarily the final phase.
procurement The system development lifecycle typically consists of several phases, including requirements gathering, analysis, design, development, testing, deployment, and maintenance. Implementation is usually one of the phases within this lifecycle, but it is not always the last one. Select all that are key drivers of procurement Answer: a. Time, c. Cost, d. Process, e. Control Key drivers of procurement vary depending on the specific context and organization, but commonly recognized drivers include: a. Time: Ensuring timely procurement to meet project deadlines or operational needs. c. Cost: Obtaining goods or services at the best possible price, considering factors such as quality, value, and total cost of ownership. d. Process: Implementing efficient procurement processes that are transparent, compliant with regulations, and minimize risks. e. Control: Establishing control measures to manage procurement activities effectively.
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An example of a risky short term investment strategy is
Answer:
stocks are unpredictable and can be considered a risky short term investment, but if it goes well it will be considered a good risky investment strategy
Explanation:
the following information is available from avalon, incorporated for the current year: sales (all on accounts) $ 375,000 cost of goods sold 215,500 accounts receivable january 1 42,350 accounts receivable december 31 37,500 inventory january 1 40,900 inventory december 31 42,400 during the year, the average number of days to sell inventory was 71.6 days. required: calculate the following. (round your answers to one decimal place.) a) accounts receivable turnover ratio b) average number of days to collect accounts receivable c) length of operating cycle d) net cash flow from sales
A) The Accounts Receivable Turnover Ratio is 8.7 (375,000/42,875). This means that the company is collecting its Accounts Receivable, on average, 8.7 times per year.
The Accounts Receivable Turnover Ratio is a measure of how quickly a company collects its Accounts Receivable. It is calculated by dividing the Sales for the period by the Average Accounts Receivable for the period.
B) The Average Number of Days to Collect Accounts Receivable is 41.7 days (365/8.7). This means that, on average, it takes the company 41.7 days to collect its Accounts Receivable.
The Average Number of Days to Collect Accounts Receivable is calculated by dividing the Accounts Receivable Turnover Ratio into the number of days in a year.
C) The Length of Operating Cycle is 113.3 days (71.6 + 41.7). This means that, on average, it takes the company 113.3 days to complete the typical operating cycle.
The Length of Operating Cycle is calculated by adding the Average Number of Days to Collect Accounts Receivable to the Average Number of Days to Sell Inventory.
D) The Net Cash Flow from Sales is $159,500 (375,000 - 215,500). This means that the company had a Net Cash Flow of $159,500 from its sales during the current year.
The Net Cash Flow from Sales is calculated by subtracting the Cost of Goods Sold from the Sales for the period.
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What is a mortgage loan used for?
A: To pay for school
B: To buy a house
C: To buy a car
D: To pay off credit card debt