which is not true of total quality management (tqm)? a. tqm requires iso 9000 certification b. tqm requires top management support c. tqm is focused on improving product and customer service quality d. tqm is expensive to initiate

The sales revenue would be gotten as 15 percent

To find the percentage of sales revenue that goes to the cost of sales for the XYZ company, we need to calculate the total cost of sales, which would include the cost of goods sold as well as any other direct costs associated with generating the sales, such as commissions paid to salespeople.

In this case, the cost of sales would be:

$45,000 (base salary for each salesperson) x 8 (number of salespeople) = $360,000 (total base salary for sales team)

$3,000,000 (total sales) x 2% (commission rate) = $60,000 (total commission paid to sales team)

$360,000 + $60,000 + $30,000 (bonuses) = $450,000 (total cost of sales)

To find the percentage of sales revenue that goes to the cost of sales, we divide the total cost of sales by the total sales revenue and multiply by 100:

$450,000 / $3,000,000 x 100 = 15%

So, the percentage of sales revenue that goes to the cost of sales for XYZ company is 15%.

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The reason this happened was c. if the next best option was unemployment, many individuals may have preferred to enroll in college and gain new skills in hopes of increasing their future employment prospects.

There was a view that the more skilled one was, the less they would be affected by the economic woes at the time. People therefore enrolled in colleges to gain more skills.

In conclusion, option C is correct.

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Answer:

500;600

an investment

During the process of evaporation in the water cycle, water releases thermal energy.

Evaporation occurs when the sun's heat causes the surface of water bodies, such as oceans, lakes, and rivers, to turn into water vapor. This process requires the absorption of heat, which causes the water molecules to gain enough energy to break their bonds and move into the air as a gas.

This release of heat energy, or thermal energy, from the water molecules is what causes evaporation to occur. As the water vapor in the air rises and cools, it eventually condenses to form clouds, and the thermal energy is once again absorbed.

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A business that offers specialized or niche products or services is most likely to form limited relationships with its clients. This is because the nature of the business is such that it caters to a specific target audience with unique needs or preferences.

As a result the business would need to build a close relationship with its clients to understand their needs and provide customized solutions. For example, a boutique law firm that specializes in intellectual property law would have a limited client base, but would need to form strong relationships with its clients to provide the best possible legal representation.

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The price quote for this job is $11642.

1. To find the total estimated cost for the job, first calculate the direct labor cost and overhead cost, and then add them together.

Direct labor cost = (Direct labor hours) x (Direct labor rate per hour)
Direct labor cost = 84 hours x $67/hour
Direct labor cost = $5,628

Overhead cost = (Direct labor hours) x (Overhead rate per direct labor hour)
Overhead cost = 84 hours x $59/hour
Overhead cost = $4,956

Total estimated job cost = Direct labor cost + Overhead cost
Total estimated job cost = $5,628 + $4,956
Total estimated job cost = $10,584

2. To find the price quote, apply the 10% markup to the total estimated job cost.

Markup = Total estimated job cost x 0.1 (10%)
Markup = $10,584 x 0.1
Markup = $1,058.4

Price quote = Total estimated job cost + Markup
Price quote = $10,584 + $1,058.4
Price quote = $11,642.4

Since the final answer should be rounded to the nearest whole dollar:
Price quote = $11,642

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Answer:

66.7%

Explanation:

ROI stands for return on investment. It is the ratio of incremental profit from an activity over the cost of the activity times 100. If the incremental profit from your ad campaign is $5,000 and the cost of the campaign is $7,500, the ROI is 66%.

The return on investment estimates the loss and gain generated on the amount of money that is invested. The return on investment) is the percentage to analyze an organization’s profit or the earnings of different investment.

The return on investments estimates what we will receive back as compared to what we have  invested. It can be used by a company to estimate inventory investments, pricing policy, capital equipment investments, etc.

If the incremental profit from your ad campaign is $5,000 and the cost of the campaign is $7,500, the ROI is 66%.

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The answer is a paragraph that tell employees that as long as performance is satisfactory, they will be retained.

True. They lack the potential for excessive profits that might attract new entrants or result in firms leaving the market.

An industry with only normal profits will neither encourage others to enter nor withdraw from the market. Normal profits refer to the level of profit that allows a firm to cover all its costs, including both explicit (e.g., wages, rent, materials) and implicit costs (e.g., opportunity costs of resources). In other words, normal profits indicate that the firm is earning a competitive rate of return, but not any additional economic profit.

In such a scenario, there is no extra incentive for new firms to enter the industry since they would not expect to earn above-normal profits. Similarly, existing firms would have no reason to exit the market as they are covering their costs and achieving a competitive rate of return.

It is important to note that industries with normal profits can still be competitive and provide valuable goods or services to consumers.

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Due to the rule of diminishing marginal utility, the marginal value to society of reducing pollution decreases with advances in pollution abatement.

Increasing the level of pollution would enhance society's net profit since the marginal benefit of more pollution outweighs its marginal cost. That is accurate for any pollution level under 34 units, which is the practical solution.

The cost of eliminating one additional unit of pollution is generally measured by the marginal abatement cost. The "marginal cost" of eradicating such environmental disadvantages is another name for the expenses of marginal abatement.

Simply restating the marginal damages from pollution results in the marginal benefit of pollution abatement.

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The elasticity of demand is a metric used by economists to compare how responsive the demand for a product is to changes in price or other factors, compared to other unrelated products. Through this comparison, economists can gain insights into how consumers prioritize different goods and services and make resource allocation decisions in the economy.

The elasticity of demand also enables economists to make predictions about the impact of changes in policies such as taxes, subsidies, or other interventions on consumer behavior and market outcomes.

This metric helps economists understand the behavior of consumers in different market scenarios, and ultimately assists policymakers and businesses in making informed decisions about how to best allocate resources and create effective policies that meet the needs of consumers.

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a) The three-year forward price is approximately $40.50.

b) Taking into account the income of $2 at the end of the first year and at the end of the second year, the forward price is approximately $37.03.

c) The value of a three-year forward contract with a delivery price of $30 is approximately $10.50.  

To calculate the value of three-year forward price, we can use the formula:

Forward Price = Spot Price * e\(^(risk-free rate * time)\)

where e represents the base of the natural logarithm.

Using the given values:

Spot Price = $30

Risk-free rate = 10% = 0.1

Time = 3 years

Forward Price = $30 * e\(^(0.1 * 3)\)

Calculating this, we get:

Forward Price = $30 * e\(^(0.3)\) ≈ $30 * 1.3499 ≈ $40.50 (to the nearest cent)

If the asset provides an income of $2 at the end of the first year and at the end of the second year, we need to subtract the present value of these income payments from the forward price.

The present value of $2 received after one year can be calculated as:

PV_1 = $2 / (1 + risk-free rate)¹ = $2 / (1 + 0.1)¹ = $2 / 1.1 ≈ $1.82

The present value of $2 received after two years can be calculated as:

PV_2 = $2 / (1 + risk-free rate)² = $2 / (1 + 0.1)² = $2 / 1.21 ≈ $1.65

The forward price with income is calculated as:

Forward Price = Forward Price - PV_1 - PV_2

= $40.50 - $1.82 - $1.65

≈ $37.03 (to the nearest cent)

The value of a three-year forward contract with a delivery price of $30 is the difference between the forward price calculated in part (a) and the delivery price.

Value of Forward Contract = Forward Price - Delivery Price

= $40.50 - $30

≈ $10.50 (to the nearest cent)

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Explanation:

you multiply by the exchange rate.

Answer:

You measure sales over time and realize that the months of July, August, and September are particularly slow. As a result, you ask two of your sales clerks if they would be willing to work part-time during those months. Management Science.

Management science refers solving problems and making decisions in a company in order to move it forward. By preferring solutions to the problem of slow sales over some months, you have engaged in management science.

You make sure that when you hire new people, you get input from each of the existing team members. if they're happy with the new hire, they're more likely to make that person part of the team, and the team will sell more. Humanistic Management Theory.

With Humanistic Management, the needs, wants and thoughts of employees are taken into account when making decisions because employees are not viewed as simple assets to the company but as humans who are complex. By finding out what your employees think of a new hire you are engaging in the Humanistic theory.

You notice that when customers have too many choices, they are less likely to make a decision about what to buy, so you tell all of your employees to bring out only three things at one time. In addition, you start to pay your employees a commission for every item they sell. Classical Management theory.

Classical management is based on certain premises such as the needs of employees being either physical or economic as well as profit maximization. By offering commissions as incentives you are appealing to the economic need of your employees. By engaging in practices aimed at getting people to buy more, you are engaging in profit maximization.

A customer survey shows that the men who come into the store would prefer to be left alone while they shop, but the women who come into the store want to be asked if they need assistance. you tell your employees to leave men alone and ask women if they want help. Contingency Theory.

Contingent Theory shows that for each situation in a company, it is best to manage it based on the internal and external factors affecting it. In this case men don't need help but women prefer it. Offer help to women but not to men. You are therefore basing actions on the factors affecting this situation.

The analysis of Billkin Company performance shows that the company's liquidity deteriorated in year 2, and profitability also declined. However, the company's leverage position improved, and it was efficiently using its assets and equity to generate income.

The following are the calculations of different ratios for the given years,Year 1 ratios:

1. Liquidity Ratios

Current Ratio= Current Assets/Current Liabilities= 10,000/9,700= 1.03

Acid-test Ratio= (Cash+ Marketable Securities +Accounts Receivable)/Current Liabilities

= (6,000+2,500+500)/9,700= 0.91

Inventory Turnover= Cost of Goods Sold/ Inventory= 52,500/2,000= 26.25 times

2. Leverage Ratios

Debt-to-Equity Ratio= Total Debt/ Total Equity= (9,700+4,000)/14,924

= 1.10

Interest Coverage Ratio= Earnings before Interest and Taxes/ Interest Expense= 11,048/400= 27.62 times

3. Profitability Ratios

Net Profit Margin= Net Income/ Net Sales= 5,324/75,000= 0.07

Return on Total Assets= Net Income/Total Assets= 5,324/23,300= 0.23

Return on Equity= Net Income/Total Equity= 5,324/14,924= 0.36Year 2 ratios:

1. Liquidity Ratios

Current Ratio= Current Assets/Current Liabilities= 1,600/12,000=

0.13

Acid-test Ratio= (Cash+ Marketable Securities +Accounts Receivable)/Current Liabilities

= (1,600+8,000+10,000)/12,000

= 1.58

Inventory Turnover= Cost of Goods Sold/ Inventory

= 35,000/800

= 43.75 times

2. Leverage Ratios

Debt-to-Equity Ratio= Total Debt/ Total Equity= (12,000+4,000)/16,000= 0.875

Interest Coverage Ratio= Earnings before Interest and Taxes/ Interest Expense

= 5,000/400= 12.5 times

3. Profitability Ratios

Net Profit Margin= Net Income/ Net Sales= 2,300/50,000

= 0.046

Return on Total Assets= Net Income/Total Assets

= 2,300/32,000

= 0.072

Return on Equity= Net Income/Total Equity

= 2,300/16,000

= 0.144

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Answer:

$1,000

Explanation:

Fixed assets must be recorded at historic cost or purchase value. Their valuation is not affected by changes in market values, e.g. land might appreciate over time, but its historic cost will be used for accounting purposes.

In this case, Lisi doesn't have a bill to show the price of the rack, and since she paid in cash, she has no way of proving what she actually paid for it. In this case, in order to record the purchase of the rack you must use the fair market value of similar racks.

Imagine if someone could just say that they purchased things at X price but didn't get a bill, soon people would be recording buying pencils at $500 each because they are gorgeous and perfectly crafted.

Creators spend time in quadrant 1 but more importantly as much time as possible in quadrant 2.

A quadrant is an area or section of a cartesian plane that results from the intersection of two axes.

Planning, relationship-building, preventative measures, and routine exercise are all activities that fall within the second quadrant. These are the preventative measures we can take to ensure that serious issues don't crop up in our lives. Self-renewal is one of the most significant Quadrant II tasks we may engage in.

Therefore, Creators spend time in quadrant 1 but more importantly as much time as possible in quadrant 2.

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The thickness exceeded by 35 percent of the paper sheets is approximately 0.0094 inch

A)  mean and variance for thickness of each paper sheet will be 0.00084025 inch.

B) Proportion of paper sheets less than 0.0070 inch thick will be 0.27307692308.

C) Thickness exceeded by 35 percent of paper sheets will be 0.0094

(a) Mean and Variance:

The given information provides us with the probability density function (PDF) of the thickness of each paper sheet, denoted as x. From the given data, we have:

Mean (μ) = 0.0095 inch (given as e(x))

Variance (σ^2) = [(0.015 - 0.004)^2] / 12 = 0.00084025 inch^2 (calculated using the formula for variance of a uniform distribution)

Therefore, the mean thickness of each paper sheet is 0.0095 inch and the variance of the thickness is 0.00084025 square inches.

(b) Proportion of paper sheets less than 0.0070 inch thick:

To find the proportion of paper sheets that are less than 0.0070 inch thick, we need to calculate the cumulative distribution function (CDF) at x = 0.0070 inch. The CDF of a uniform distribution is given by the formula:

CDF(x) = (x - a) / (b - a), for a <= x <= b

where a and b are the lower and upper limits of the uniform distribution, respectively.

Plugging in the values, we get:

CDF(0.0070) = (0.0070 - 0.004) / (0.015 - 0.004) = 0.27307692308

Therefore, the proportion of paper sheets that are less than 0.0070 inch thick is approximately 0.273 (rounded to three decimal places).

(c) Thickness exceeded by 35 percent of paper sheets:

To find the thickness that is exceeded by 35 percent of the paper sheets, we need to find the inverse of the CDF at 0.35. In other words, we need to find the value of x for which CDF(x) = 0.35.

Using the inverse CDF formula, we get:

x = a + (b - a) * CDF^-1(0.35)

Plugging in the values, we get:

x = 0.004 + (0.015 - 0.004) * 0.35 ≈ 0.0094

Therefore, the thickness exceeded by 35 percent of the paper sheets is approximately 0.0094 inch (rounded to four decimal places). Please note that rounding may introduce some error, so it's important to use the exact values in any precise calculations. Also, it's always recommended to verify the results using appropriate statistical software or consulting with a qualified statistician for accurate and reliable results.

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Each scenario should be matched to the factors that affect the labor market as follows:

Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:

A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.

In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.

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Answer:

Post Test: Free Market and Businesses

Unit: 2

Economics

Question #12

__________________________________________________________

This is 100% right because I took the test

Go to explanation for picture with answers

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Explanation:

Here's the picture and I hope this helped!

Have a nice day!

In the business cycle, a transition period of rising economic growth and increasing employment is called an expansion or a recovery phase. This phase occurs after a trough, which represents the lowest point of economic activity during a recession.

Some key characteristics of an expansion phase include:

1. Economic Growth: The overall output and production levels of goods and services in the economy start to increase. Gross Domestic Product (GDP) rises, indicating a growing economy.

2. Increasing Employment: As businesses experience growth and demand for their products or services expands, they generally hire more workers to meet the increased demand. This leads to a decline in unemployment rates as job opportunities become more available.

3. Business Investment: During an expansion phase, businesses tend to have more confidence in the economy's future prospects. This often leads to increased business investment in capital goods, technology, and infrastructure to support growth and expansion.

4. Consumer Confidence: Rising employment levels, income growth, and overall economic optimism typically result in increased consumer confidence. This can lead to higher consumer spending and increased demand for goods and services.

It's important to note that the length and intensity of expansion phases can vary, and they are typically followed by periods of slower growth, called contractions or recessions, as part of the natural ebb and flow of the business cycle.

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Answer:

The four components of GDP are consumption, investment, government spending, and net exports.

Three ways GDP affects individuals are: (1) it indicates the overall health of the economy, which can affect job opportunities and wages; (2) it can affect interest rates and inflation, which can impact the cost of borrowing money and the value of savings; and (3) it can influence government policies and programs, such as tax rates and social welfare programs.

GNP stands for Gross National Product, which measures the total value of goods and services produced by a country's citizens and companies, regardless of their location. GDP, on the other hand, measures the total value of goods and services produced within a country's borders, regardless of who produces them. The main difference is that GNP includes income earned by citizens and companies abroad, while GDP does not.

A recession is a period of significant economic decline, characterized by a contraction in GDP, rising unemployment, and a decline in consumer and business spending.

There are several factors that can cause a recession, including a decline in consumer confidence, a decrease in business investment, a decrease in government spending, and external shocks such as natural disasters or global economic crises.

Economic recovery refers to the period following a recession, during which the economy begins to grow again and the levels of employment, consumer and business spending, and GDP increase.

Unemployment refers to the state of being without a job, actively seeking employment, and willing and able to work.

As a student, the best thing you can do to prevent long-term unemployment is to acquire skills and knowledge that are in demand in the job market, network with professionals in your field, and gain practical experience through internships or volunteer work. It is also important to be proactive in your job search and to continually update your skills and knowledge to stay competitive in the job market.

Explanation:

The hotels you describe are following the trend of sustainability in the hospitality and tourism industry.

Generally, This trend involves taking steps to minimize the environmental impact of hotel operations and to reduce the use of natural resources, such as water and energy.

Asking guests if they would like to skip having their towels collected and washed daily is one way that hotels can reduce their water and energy use and reduce waste.

Other sustainable practices in the hospitality industry might include using energy-efficient lighting, promoting the use of public transportation or alternative modes of transportation, using environmentally-friendly cleaning products, and sourcing local and organic food.

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A Visual Spectrophotometer may be used to assess the quantity and purity of acetylsalicylic acid in aspirin. This is why: Aspirin creates violet tetraaquosalicylatroiron complex when iron is added to it. Simply expressed, there is an apparent violet color response.

Out of a potential output of 2.52 grams, 2.169 grams of pure aspirin were synthesized in total. Hence, the product yield was 86.07%. Salicylic acid is acetylated to make aspirin less acidic and less harmful to the human body's digestive system.

The United States Pharmacopeia (USP) is responsible for defining medicine standards (6). CgH8O4 content in aspirin tabs must be between 95 and 105 percent of the quantity specified on the label (acetylsalicylic acid). CgH9NO2 has a similar proportion (acetaminophen).

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The liquidity ratios are 4.46 times for the current ratio and 4.25 times for the quick ratio. The coverage ratios are 44.47 times for the times interest earned ratio and 51.69 times for the cash coverage ratio.

Current Ratio = Current Assets / Current Liabilities

Current Assets = Net Sales

Current Liabilities = Selling, general and administrative expenses + Current portion of long-term debt + Income taxes payable

Current Liabilities = $983,558,423 + $0 + $473,184,956

Current Ratio = $6,492,712,000 / $1,456,743,379

Current Ratio = 4.46 times

Quick Ratio = (Current Assets - Inventory) / Current Liabilities

Inventory = Cost of goods sold - Gross profit

Inventory = $3,390,963,940 - $3,101,748,060

Inventory = $289,215,880

Quick Ratio = ($6,492,712,000 - $289,215,880) / $1,456,743,379

Quick Ratio = 4.25 times

Times Interest Earned = Earnings Before Taxes / Interest Expense

Times Interest Earned = $1,785,419,021 / $40,099,500

Times Interest Earned = 44.47 times

Cash Coverage = (Earnings Before Taxes + Depreciation) / Interest Expense

Cash Coverage = ($1,785,419,021 + $292,671,116) / $40,099,500

Cash Coverage = 51.69 times.

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Two pieces of financial information are compared in a financial ratio. Sales and overall costs are divided by net income to create financial ratios on an income statement.

An informational response is what?

Processed information is data. A collection of processed data is referred to as information when it serves a certain purpose. Information is arranged, processed, or presented in a certain context to make it understandable and useful. You transmit knowledge that you have learned through research, instruction, investigation, or reading the news when you communicate verbally, nonverbally, visually, or in writing. Information goes by many titles, including intelligence, communication, data, signal, or fact.

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Answer:

hope help you

Explanation:

Here are several ways you can improve your analytical skills:

Read more. An important part of being analytical involves being alert and remaining stimulated. ...

Build your mathematical skills. ...

Play brain games. ...

Learn something new. ...

Be more observant. ...

Join a debate club. ...

Take an exercise class. ...

Keep a journal.

Answer: A. No, because he is taking out more debt then he will ever be able to pay back.

Explanation:

Getting the finance to foot one's bills could come from many different sources, one of which is to put in for a loan. However, the advice to secure a loan might best be given by a finance expert who has the knowledge and expertise required to adequately access the value of the loan, the probable return on investment and ayher embedded considerations. In the scenario given above, taking out a loan of up to $100,000 in other to target the job of finally landing a teaching job at a nursery school which would on average return a meagre pay than cannot be pitted with the loan value would be considered unreasonable on average by a finance professional simply because the return on investment will probably be nothing near the value of the loan. This way, the debt incurred from due to the loan application may never be returned from the intended job.

Answer:

activity

Explanation:

by a central bank to give liquidity in its currency to a bank or a group of banks

Answer:Definition: What are stocks? Stocks are securities that represent an ownership share in a company. For companies, issuing stock is a way to raise money to grow and invest in their business. ... When you own stock in a company, you are called a shareholder because you share in the company's profits.

Explanation: