Answer:
When selecting potential sellers for outsourcing work on a new development of condominiums, the following criteria can be used to narrow down the list:
Quality of Work: Look for companies that have a proven track record of delivering high-quality work. Check references and previous work samples to ensure that the potential sellers have the necessary skills and expertise to complete the project to your satisfaction.
Cost: Cost is an important factor when selecting potential sellers. Look for companies that offer competitive pricing while still delivering quality work.
Experience: Choose sellers that have experience working on similar projects. This will ensure that they have the necessary skills and knowledge to successfully complete the project.
Availability: Ensure that potential sellers have the capacity to take on the project and are available to complete it within your timeline.
Communication: Communication is key in any business relationship. Look for sellers that have clear and transparent communication channels and can provide regular progress updates on the project.
Reputation: Check the potential seller's reputation in the industry. Look for any negative reviews or feedback from previous clients to ensure that you are partnering with a reputable company.
By using these criteria, you can narrow down the list of potential sellers and choose the best partner for your project.
Explanation:
What is the Consumer Price Index (CPI)? How is it supposed to be related to inflation?
Explanation:
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a basket of goods and services. The CPI is used as a gauge of inflation, which is the rate at which the general level of prices for goods and services is rising, and the purchasing power of currency is falling.
The CPI is calculated by taking a fixed basket of goods and services that are commonly purchased by households, and tracking the prices of these items over time. The CPI reflects the change in the cost of living for consumers, and is often used as a reference point for wage increases, social security benefits, and other economic indicators.
In general, as the CPI increases, inflation is said to be rising, because it indicates that the prices of goods and services are increasing. Conversely, if the CPI decreases, it is an indication that inflation is decreasing, which means that prices are falling. The Federal Reserve and other policymakers use the CPI and other inflation measures to guide decisions about monetary policy, including setting interest rates and adjusting the money supply, in order to keep inflation within an acceptable range.
The majority of internal messages are routine in nature; however, there are situations in every organization that require persuasion. The first part
your message should provide support for your major idea when you are persuading within an organization.
Answer:
When persuading within an organization, the first part of your message should provide support for your major idea to help convince your audience of the validity and importance of your proposal. This can involve presenting evidence, statistics, and examples to support your argument, as well as explaining the benefits and potential outcomes of your proposal.
It is important to remember that persuasion within an organization requires not only a strong argument but also an understanding of the organization's culture, values, and decision-making processes. In addition to presenting a strong case for your proposal, you may also need to address any potential objections or concerns that your audience may have and provide solutions or alternatives to mitigate these concerns.
Overall, the first part of your message should establish your credibility and expertise on the topic, clearly state your major idea, and provide compelling evidence and arguments to support your proposal. By doing so, you can increase the likelihood of your audience accepting and acting upon your proposal within the organization.
Explanation:
Rodenstock, Inc. currently places orders for a particular stock item at quarterly intervals. Information concerning this items is as follows: Cost of placing an order P10 Annual demand 20,000 units Purchase price per unit P0.50 The cost of holding the stock items amounts to 20% of the stock value per annum. What annual cost saving would result if Rodenstock used the economic order quantity for order instead of their current policy? a. P 80 b. P 90 c. P150 d. P240
Rodenstock used the economic order quantity for order instead of their current policy P 90. Thus, option (b) is correct.
What is economic?The term economic refers to the process of production, distribution, and consumption activities. The main components of economies are products and services. The primary sector of the economy is the industrial sector.
EOD = [tex]\sqrt{2DS/H}[/tex]
D = 20,000 units (Annual demand in units)
S = $10 (cost per order)
H = $1.00 x 10% = $0.10 (Carrying cost per unit per year)
EOD = [tex]\sqrt{2DS/H}[/tex]
EOD = [tex]\sqrt{2 * 20,000 * $10/$0.10}\\[/tex]
EOD = 2000 units
Quantity per order EOQ
5,000 units 2,000 units
(20,000 units / 4)
Number of orders EOQ
4 10
(20,000 units / 2,000 units)
Ordering cost EOQ
$40 $100
(Cost per order x Number of orders) EOQ
($10 x 4) ($10 x 10)
Annual carrying cost EOQ
$250 $100
(Carrying cost per unit x Quantity per order / 2) EOQ
($0.10 x 5,000 / 2) ($0.10 x 2,000 / 2)
Total inventory cost EOQ
$290 $200
($40 + $250) ($100 + $100)
Rodentstock used the economic order quantity for order sizes instead of their current policy:
= $290 - $200
= $90
As a result, the conclusion of the Rodenstock used the economic order quantity for order instead of their current policy are the aforementioned. Therefore, option (b) is correct.
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Suppose an economy produces steel, wheat, and oil. The steel industry produces $100,000 in revenue, spends $4,000 on oil, $10,000 on wheat, pays workers $80,000. The wheat industry produces $150,000 in revenue, spends $20,000 on oil, $10,000 on steel, and pays workers $90,000. The oil industry produces $200,000 in revenue, spends $40,000 on wheat, $30,000 on steel, and pays workers $100,000. There is no government. There are neither exports nor imports, and none of the industries accumulate or de-accumulate inventories. Calculate GDP using the production and income methods.
Answer:
Using the production method, GDP can be calculated by summing the value added of each industry:
Steel industry value added: $100,000 - $4,000 - $10,000 - $80,000 = $6,000
Wheat industry value added: $150,000 - $20,000 - $10,000 - $90,000 = $30,000
Oil industry value added: $200,000 - $40,000 - $30,000 - $100,000 = $30,000
Therefore, GDP = $6,000 + $30,000 + $30,000 = $66,000
Using the income method, GDP can be calculated by summing the factor incomes earned by each industry:
Steel industry factor income: $80,000
Wheat industry factor income: $90,000
Oil industry factor income: $100,000
Therefore, GDP = $80,000 + $90,000 + $100,000 = $270,000
It's important to note that the two methods should give the same result. In this case, there seems to be an inconsistency between the two methods. This may be due to some missing information or inaccuracies in the data provided.
Explanation:
, AP The unadjusted trial balance of Northern Exposure Inc. had these balances for the following selected accounts: Supplies $3,100, Unearned Service Revenue $8,200, and Prepaid Rent $1,200. At the end of the period, a count showed $500 of supplies on hand. Services of $2,900 had been performed related to the unearned revenue account, and one month’s rent, worth $400, had been consumed by Northern Exposure. Record the required adjusting entries related to these events.
Answer:
To adjust the accounts for the events described, the following adjusting entries are needed:
Supplies adjustment:
Supplies Expense 2,600
Supplies 2,600
Explanation: The supplies balance needs to be adjusted for the amount of supplies on hand at the end of the period. The original balance of supplies was $3,100, and the count showed $500 of supplies on hand, so $2,600 ($3,100 - $500) of supplies were used during the period.
Unearned Revenue adjustment:
Unearned Service Revenue 2,900
Service Revenue 2,900
Explanation: The revenue previously recorded as unearned must now be recognized as earned because services have been provided. The amount of services performed was $2,900.
Prepaid Rent adjustment:
Rent Expense 400
Prepaid Rent 400
Explanation: The prepaid rent account needs to be adjusted for the amount of rent used during the period. The original prepaid rent balance was $1,200, and one month’s rent, worth $400, was consumed by Northern Exposure during the period.
Explanation:
Received from Krishna and allowed him discount 245,000 5,000 respectively
The journal entry for the cash received from Krishna and the discount allowed would be :
Date Account title Debit Credit
XX -XXXX Cash $ 245, 000
Discount allowed $ 5, 000
Krishna $ 250, 000
How to record the transaction ?The cash account will be debited by the actual amount increased to show that the asset is increasing. The discount allowed account will be debited as well as it is an expense and expenses are debited when increased.
The accounts receivable account of Krishna will be credited by the amount of $250, 000 to show that this amount has been cleared from recievables.
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According to the extract, entrepreneurial activity includes developing and launching new businesses and marketing them, often with the end goal of selling the business to turn a profit. Based on this, indicate a product or service you plan to start a business with. Explain how you generated the business idea and determined the feasibility of the idea.
Developing a profitable company idea involves imagination, investigation, and cautious preparation.
How business idea is generated and its feasibilityTo generate a business idea, consider your interests, skills, and knowledge. Think about problems that you or others face in your daily life and whether there are potential solutions that could be turned into a business. Research the market to see if there is demand for the product or service you are considering and whether there are existing competitors.
To determine the feasibility of your business idea, conduct a thorough analysis of the potential costs and revenue streams. Create a business plan that outlines your goals, marketing strategy, and financial projections. Consider seeking advice from experts in your industry or consulting with a business mentor. It is also important to assess any legal or regulatory requirements that may apply to your business.
Overall, generating a successful business idea requires creativity, research, and careful planning. By considering your interests, skills, and market demand, you can identify a potential product or service that meets a need and has the potential to be profitable. With thorough analysis and planning, you can determine the feasibility of your idea and take steps towards launching a successful business.
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saving is "simpler" than investing. Explain why someone may
still want to do both.
Answer:hi
Explanation:hi
In what ways would managing temporary workers be easier than managing traditional permanent employees? In what ways would it be more difficult? What differences would likely exist in your own behavior if you were in a contingent or temporary job versus a traditional permanent job?
Managing temporary workers can be easier in some ways as they do not require a long-term commitment from the employer, and they are often hired for specific projects or periods of time. This can make it easier to adjust the workforce according to the company's changing needs. Additionally, the company may not be responsible for providing benefits such as health insurance or paid time off, which can save on costs.
However, managing temporary workers can also be more difficult in some ways. For example, temporary workers may require more training and supervision since they are not as familiar with the company's policies and procedures. Additionally, they may not be as invested in the company's success since they are not permanent employees, which could result in lower productivity and motivation.
If I were in a contingent or temporary job versus a traditional permanent job, I would likely behave differently. In a temporary job, I may feel less invested in the company and more focused on completing my assigned tasks, since there is no long-term commitment. In a permanent job, however, I would likely feel more invested in the company's success and would be more willing to take on additional responsibilities or go the extra mile to help the company achieve its goals.
what is the main reason that the homeless shelters in urban areas are unable to meet the needs of local homeless populations?
Overcrowding and limited capacity is the main reason that the homeless shelters in urban areas are unable to meet the needs of local homeless populations
What are the reasons why homeless shelters in urban areas are unable to meet the needs of local homeless populations?There are several reasons why homeless shelters in urban areas may be unable to meet the needs of local homeless populations, including:
Limited resources: Homeless shelters often have limited resources, including funding, staff, and space. As a result, they may be unable to accommodate all of the homeless individuals and families who need assistance.
Lack of affordable housing: One of the primary reasons people become homeless is the lack of affordable housing. In urban areas, this can be particularly challenging, as housing costs are often higher than in other areas. Without affordable housing options, homeless individuals may be forced to rely on shelters for longer periods of time.
Mental health and substance abuse issues: Many homeless individuals struggle with mental health and substance abuse issues, which can make it difficult for them to access and benefit from shelter services.
Trauma and abuse: Homelessness itself can be a traumatic experience, and many homeless individuals have experienced abuse or trauma prior to becoming homeless. This can make it difficult for them to feel safe in a shelter environment.
Lack of access to services: Homeless individuals often require a range of services beyond just shelter, including healthcare, job training, and legal assistance. However, these services may not be readily available or easily accessible in urban areas.
Overall, addressing homelessness requires a comprehensive approach that addresses the root causes of homelessness, including affordable housing, healthcare, and support services.
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Jlr enterprises provides consulting services throughout california and uses a job-order costing system to accumulate the cost of client projects. Traceable costs are charged directly to individual clients; in contrast, other costs incurred by jlr, but not identifiable with specific clients, are charged to jobs by using a predetermined overhead application rate. Clients are billed for directly chargeable costs, overhead, and a markup.
Answer:
Explanation:
Thank you for the information. Is there a question or task related to this topic that you would like me to assist you with?
who the stakeholders
Jennie was recently hired to work as a receptionist for the front lobby. As
receptionist, she is responsible for making copies for the associates. Her son, Bruce,
comes in and needs some copies for a school project. He brought his own paper and
needs 300 copies for his class. If he doesn’t bring the copies with him, he will fail the
project. The company copier does not require a security key nor do they keep track of copies made by departments.
Answer:
The stakeholders in this scenario are:
Jennie - the receptionist who is responsible for making copies and may face consequences if the copier is misused or if there is a shortage of paper.
Bruce - the son who needs the copies for his school project and may face consequences if he fails the project.
Associates - the employees who also need to use the copier and may face inconvenience or a shortage of resources if too many copies are made.
Company - the organization that owns the copier and may face additional expenses if too much paper or ink is used, or if the copier breaks down due to overuse.
Explanation:
1. The data in the table represent a production function in which labour is a variable
Labour (hours) Total physical product
1 15
2 35
3 60
4 90
5 120
6 144
7 158
8 160
9 60
10 158
a. Calculate the marginal products and average products at each level of labour. [6 marks]
b. Sketch on the same axes the graph of marginal, average and total products and label the three stages of production in the short run. [4 marks]
c. Explain the characteristics of each of the above stages of production. Which stage should a rational produce operate in and why? [8 marks]
2. Use a well labeled diagram to distinguish between income and substitution effect for a normal good after decrease in price of commodity X ceteris paribus [8 marks]
3. Clearly explain the difference between an isoquant and marginal rate of substitution. [4 marks]
The marginal product is calculated by taking the difference between total physical product at the current level of labor and the previous level. The average product is calculated by dividing total physical product by the level of labor. (Table attached)
What is marginal products?In regards to question 1b. The graph would have total physical product on the y-axis and labor on the x-axis. The total product curve would start from the origin and increase to a maximum point before declining. The marginal product curve would also start from the origin and increase to a maximum before declining. The average product curve would start from zero, increase to a maximum and then decline. The three stages of production in the short run are:
Stage 1: increasing returns to labor, where the marginal product is increasing and the average product is also increasing.Stage 2: diminishing returns to labor, where the marginal product is decreasing but remains positive and the average product is decreasing.Stage 3: negative returns to labor, where the marginal product is negative and the average product is decreasing.c. In stage 1, the firm should produce as much as possible because each additional unit of labor adds more to output than the previous unit. In stage 2, the firm should produce as long as the marginal product is greater than the average product, but stop once the marginal product becomes less than the average product. In stage 3, the firm should reduce production because each additional unit of labor reduces output. A rational producer would operate in stage 1 or 2 to maximize profits.
In regards to question one, The diagram would have the quantity of the good on the x-axis and the price on the y-axis. The demand curve would be downward sloping, representing the law of demand. After a decrease in the price of commodity X, the budget constraint would shift outward, representing an increase in purchasing power. The income effect would lead the consumer to consume more of the good because their real income has increased. The substitution effect would lead the consumer to consume more of the good because its relative price has fallen. The combined effect is an increase in quantity demanded.
Therefore, In regards to question 3, An isoquant is a curve that shows all the combinations of inputs that produce the same level of output. A marginal rate of substitution is the rate at which a consumer is willing to trade one good for another while maintaining the same level of utility. The difference between the two is that an isoquant represents production while a marginal rate of substitution represents consumption. An isoquant is used to analyze production decisions, while a marginal rate of substitution is used to analyze consumption decisions.
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Part A
Step 1 Starting at MIDNIGHT, (12:01am) ending 3 days later (72hr) at MIDNIGHT (11:59pm) You can start any day of the week, upto Sat Mar 04.
For a minimum of 3 consecutive days monitor the time you spend doing the 8 different activities listed below
NOTE: Avoid using weekends only in your monitoring and try to stay with mid-week,
e.g. Tues, Wed, Thurs, where majority of days are mid-week.
Use the attached time sheets to record blocks of time. Round off to the nearest hour. Precision isn’t the goal. e.g. 2hrs and 20 minutes, would be rounded down to 2 hours. 2 hrs and 30 minutes would be rounded up to 3 hrs.
The full 24 hours of each day must be accounted for.
The following 8 categories are recommended to cover the majority of possible activities one might perform in the course of a day.
Sleep
Personal maintenance (showers, laundry, housecleaning, grocery shopping, family requirements etc.)
Travel (to work, to school, or for appointments)
Work hours (total hours at the workplace, excluding lunch or breaks)
School (total hours in classes, plus time spent, studying, re-writing notes, completing assignments, time on blackboard)
Fitness (formal or informal, attending the gym or walking home from work)
Recreation (other than fitness related, TV, Movies, Leisure reading, online shopping, crafts, Video games, children’s sports activities, dates, coffee meet ups)
Volunteer activities (United Way, Big Brothers/Sisters, your religious institution activities, PTA with schools)
Three day's activities
Time day day day
Activities Activities Activities
12:01-
1:00am
1:00am-
2:00am
2:00am-
3:00am
3:00am-
4:00am
4:00am
5:00am
5:00am-
6:00am
6:00am=
7:00am
7:00am-
8:00am
8:00am-
9:00am
9:00am-
10:00am
10:00am
11:00am
11:00am-
12:00pm
12:00pm
1:00pm
1:00pm-
2:00pm
2:00pm-
13:00pm
3:00pm-
4:00pm
4:00pm-
5:00pm
5:00pm-
6:00pm
6:00pm-
7:00pm
17:00pm-
8:00pm
8:00pm-
9:00pm
9:00pm-
10:00pm
10 00pm
11:00pm
11:00pm-
11:59pm
Here is an example of a three-day activity log:
The Activity LogDay 1:
Time Sleep Personal Travel Work School Fitness Recreation Volunteer
12:01-1:00 1
1:00-2:00 1
2:00-3:00 1
3:00-4:00 1
4:00-5:00 1
5:00-6:00 1 1
6:00-7:00 1 1
7:00-8:00 1 1
8:00-9:00 1 1
9:00-10:00 1 1
10:00-11:00 1 1
11:00-12:00 1 1
12:00-1:00 1
1:00-2:00 1
2:00-3:00 1
Day 2:
Time Sleep Personal Travel Work School Fitness Recreation Volunteer
12:01-1:00 1
1:00-2:00 1
2:00-3:00 1
3:00-4:00 1
4:00-5:00 1
5:00-6:00 1 1
6:00-7:00 1 1
7:00-8:00 1 1
8:00-9:00 1 1
9:00-10:00 1 1
10:00-11:00 1 1
11:00-12:00 1 1
12:00-1:00 1
1:00-2:00 1
2:00-3:00 1
Day 3:
Time Sleep Personal Travel Work School Fitness Recreation Volunteer
12:01-1:00 1
1:00-2:00 1
2:00-3:00 1
3:00-4:00 1
4:00-5:00 1
5:00-6:00 1 1
6:00-7:00 1 1
7:00-8:00 1 1
8:00-9:00 1 1
9:00-10:00 1 1
10:00-11:00 1 1
11:00-12:00 1 1
12:00-1:00 1
1:00-2:00 1
2:00-3:00 1
Note: The actual activities and time allocation would depend on the individual's personal and work life. This is just an example to illustrate how the log can be filled out.
It's important to be honest and accurate while filling out the log to get the most benefit from it.
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