Application Normal Distribution (finding the probability and scores)
The weights of adults living in the town of Metaluna is normally distributed, with a mean of 146 pounds and a standard deviation of 12.7 pounds. Given this information, please compute the following:
(Show all work – Formula and calculations)
The probability that an adult sampled at random will weigh more than 136 pounds. Please show illustration
Answers
The probability that an adult sampled at random from the town of Metaluna will weigh more than 136 pounds is approximately 78.47%.
To compute the probability that an adult sampled at random will weigh more than 136 pounds, we can utilize the properties of the normal distribution. Here's how to calculate it:
Step 1: Standardize the value
First, we need to standardize the weight of 136 pounds using the formula for z-score: z = (x - μ) / σ, where x is the given weight, μ is the mean, and σ is the standard deviation.
Using the given values:
x = 136 pounds
μ = 146 pounds
σ = 12.7 pounds
Substituting these values into the formula:
z = (136 - 146) / 12.7
z = -0.7874 (rounded to four decimal places)
Step 2: Find the probability
To find the probability of an adult weighing more than 136 pounds, we need to calculate the area under the normal curve to the right of the z-score we obtained.
Using a standard normal distribution table or a calculator, we can find the corresponding probability. For a z-score of -0.7874, the probability (P(Z > -0.7874)) is approximately 0.7847.
Step 3: Interpretation
The probability that an adult sampled at random from the town of Metaluna will weigh more than 136 pounds is approximately 0.7847 or 78.47%.
Therefore, there is a high likelihood, about 78.47%, that a randomly selected adult from Metaluna will weigh more than 136 pounds based on the given mean and standard deviation of the weights in the population.
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Related Questions
The data on price and quantity purchased relating to a commodity for 10 months are given
below:Calculate coefficient of correlation between price and quantity.
Answers
Price and number of goods purchased are inversely correlated. Consequently, price rises as quantity rises.
What is data on price ?Pricing Data is accurate information on the costs of goods that are strikingly comparable to those being purchased. Prices are used interchangeably in this definition to refer to actual selling prices as well as suggested or prospective selling prices. Data pertinent to both primary and subcontract prices are referred to in the definition. Data may consist of specific costs, weights, addresses, names, ages, temperatures, dates, or distances, for instance. Data is a basic type of knowledge and has no meaning or use by itself. In other words, facts must be interpreted in order to have any significance. A pricing list again for new term has been sent by the Contractor to authorized buyers.
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Briefly describe in your own words, five normalization
adjustments made to a private company’s earnings to translate to a
"reasonably well run, public company equivalent basis
Answers
The five types of normalization adjustments that can be made to a private company's earnings to translate them to a "reasonably well run, public company equivalent basis" are non-recurring expenses, owner's compensation, related-party transactions, non-operating assets, and non-operating expenses.
Normalization adjustments are made to a private company's earnings to translate them to a "reasonably well run, public company equivalent basis." These adjustments are made to provide a more accurate representation of a company's financial performance. There are several types of normalization adjustments that can be made, but five common ones are non-recurring expenses, owner's compensation, related-party transactions, non-operating assets, and non-operating expenses.
Non-recurring expenses are expenses that are not expected to occur again in the future, such as one-time legal fees or costs associated with a natural disaster. These expenses are removed from the company's earnings to provide a more accurate representation of its ongoing financial performance. Private companies often pay their owners a salary that is significantly higher or lower than what would be paid to a CEO of a comparable public company. This adjustment is made to reflect the owner's compensation that would be paid to a CEO of a reasonably well run, public company.Related-party transactions are transactions between the company and its owners or other related parties. These transactions are often not conducted at arm's length, and therefore may not reflect the true value of the goods or services exchanged. This adjustment is made to reflect the value that would be paid in an arm's length transaction.Non-operating assets are assets that are not necessary for the company's ongoing operations, such as excess cash or investments. These assets are removed from the company's earnings to provide a more accurate representation of its operating performance.Non-operating expenses are expenses that are not necessary for the company's ongoing operations, such as interest expense on excess cash or investments. These expenses are removed from the company's earnings to provide a more accurate representation of its operating performance.Learn more about Financial performance:
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Natalie wants to deposit $2,000 into a savings account at a 1.25 percent interest rate. The interest is compounded every six months. How much interest will she earn over two years?
Answers
Answer:
Natalie will earn $50.31 in interest over two years assuming that the interest is compounded every 6 months.
Explanation:
Natalie will earn $50.31 in interest over two years, assuming that the interest is compounded every six months.
Here's how to calculate it:
- First, we need to figure out how many times the interest will be compounded over two years. Since the interest is compounded every six months, there will be four compounding periods per year, or a total of eight compounding periods over two years.
- Next, we can use the formula A = P(1 + r/n)^(nt) to calculate the amount of money Natalie will have in her account after two years, where:
- A is the amount of money in the account after two years
- P is the principal (the initial amount of money deposited)
- r is the annual interest rate (1.25%)
- n is the number of times the interest is compounded per year (4, since it's compounded every six months)
- t is the number of years (2)
Plugging in these values, we get:
A = 2000(1 + 0.0125/4)^(4*2)
= 2000(1.00625)^8
= 2100.31
- Finally, we can subtract the initial principal from the final amount to find the amount of interest earned:
Interest = A - P
= 2100.31 - 2000
= 100.31
Rounding to the nearest cent, Natalie will earn $50.31 in interest over two years.
Answer:
$4050.16
Explanation:
using the formula 2000(1+.0125/2)^2(2) to represent the 6 month period (A=P(1+r/n)^nt) you get 4050.15625 which rouned to the nearest tenth is 4050.16 to represent the change
Which situation best illustrates the role of businesses in the circular flow of
goods?
A. A website sells products from many different companies.
B. A company manufactures a new type of truck.
C. A student gets a part-time job to help pay her bills..
D. A mill produces lumber used to build new houses.
Answers
The situation which best illustrates the role of businesses in the circular flow of goods is:
(B) A company manufactures new type of truck
The circular flow of goods describes a market situation in which a specific company in a market system produces a new line of products that differs from their usual production line. The circular flow model depicts how money flows in an endless loop from producers to households and back again. In an economy, money flows from producers to workers as wages and then back again as workers spend money on goods and services. Money and goods exchanged in a closed circuit have the same value but flow in the opposite direction.
With this in mind, we can see that the answer choice which correctly illustrates this is manufacturing of new type of truck.
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Order shipping is a customer-facing business process. True or False
Answers
The given statement order shipping is a customer-facing business process is True.
The process of delivering goods to customers is referred to as order shipping. Order shipping is the final stage in the order fulfillment process, which begins with an order being placed and ends with the product being delivered to the customer. It is critical to every company's e-commerce operations, and it is a customer-facing process because it directly impacts the customer experience.
A company's ability to ship orders quickly and accurately is a crucial element of its success. Customers expect timely delivery of their orders, and late deliveries can be a source of frustration.
Additionally, if an order is incorrectly shipped or damaged during transit, it can lead to customer complaints and a negative reputation for the company.
As a result, order shipping is a critical process that directly affects the customer experience, and it should be handled with care by businesses.
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Regina spends three hours each day working as an online customer service representative for a retailer. She can choose her own hours, within reason. The job works out well for her since she has a new baby that she cares for much of the day. The retailer does not provide her or the other 200 customer service reps with workspace, which constitutes a sizeable cost savings for the company. Regina participates in
Answers
Answer:
Home-based work
Explanation:
Home based work is a type of work in which the individual carry out their functions and responsibilities from the comfort of his/her home. The employee makes contact with the company through the phone or internet.
Home-based workers sell goods to the customers directly from the house. The advantages of working from home include:it gives the individual control over their schedule, it's creates time for personal growth, it reduces the unnecessary money spent on transportation, it gives the employee full control over their income.
Answer:
Home Based Work
Explanation:
Home-based work is the work that the person can perform at his own house or somewhere else where he desires but not at the company place of work. Suppose Regina is traveling to New York, after arriving at New York she can work on the assignment at the airport or at a hotel. So its dependent upon the person. The home based workers can mostly plan when to work on the assignment and when to not. So Regina is mostly free of the restrictions of the traditional work space and working from her house so she is a home based worker.
what is the term for a crm that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site?
Answers
User experience is the term for a CRM that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site. Option C
What is User experience?Generally, The term "user experience" describes how a product, application, system, or service makes the user feel. It is a general phrase that may refer to anything, including how easily a user can navigate a product, how simple it is to use, how pertinent the shown material is, etc.
A CRM that monitors the kind of sale that is most likely to prompt a consumer to buy an item that they have previously seen on an e-commerce site is known as a user experience CRM.
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CQ
What is the term for a CRM that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site?
Variability
Product or service measurement
User experience
Product development
Consider a country that is in steady state. According to the Solow-Swan model, where the population growth rate is 0, output is constant in steady state. Answer True or False. Remember to include your explanation.
Answers
False. In the Solow-Swan model, output is not constant in steady state. The steady state refers to a long-run equilibrium where the key economic variables reach a balanced level and remain constant over time. However, in the Solow-Swan model, output per capita, which represents the level of output per person, is constant in steady state, not the total output of the economy.
In the Solow-Swan model, steady state occurs when capital per worker, output per worker, and consumption per worker reach their balanced levels and no longer change over time. At steady state, investment equals depreciation, and the economy is in a state of balanced growth. However, this does not imply that total output is constant. The total output of the economy can still change due to factors such as technological progress or changes in the labor force, but in steady state, it grows at a constant rate determined by exogenous factors.
Therefore, it is important to differentiate between total output and output per capita when discussing the implications of the Solow-Swan model in steady state.
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2. Exercise 5.2 Fred's Hardware and Hobby House expects its sales to increase at a constant rate of 8 percent per year over the next three years. Current sales are $400,000. Complete the following table by forecasting sales for each of the next three years. Year 1 2 3 Forecasted Sales (Dollars) If sales in 2003 were $240,000 and they grew to $400,000 by 2007 (a four-year period), the actual annual compound growth rate was: O 18.56% 13.62% 10.76% Which of the following are some of the hazards of employing a constant rate of growth forecasting model? Check all that apply. It is ill-suited to estimate secular trends. It assumes that there are no cyclical variations. It ignores seasonal trends.
Answers
The actual annual compound growth rate was 13.59%.
Some of the hazards of employing a constant rate of growth forecasting model are: It is ill-suited to estimate secular trends, It assumes that there are no cyclical variations and It ignores seasonal trends
Using the constant growth rate of 8 percent per year, we can forecast sales for the next three years as follows:
Year 1: $432,000 (400,000 x 1.08)
Year 2: $466,560 (432,000 x 1.08)
Year 3: $503,884.80 (466,560 x 1.08)
To calculate the annual compound growth rate, we can use the following formula:
Annual compound growth rate = ((Ending value / Beginning value) ^ (1 / Number of years)) - 1
In this case, the beginning value is $240,000, the ending value is $400,000, and the number of years is 4.
Annual compound growth rate = (($400,000 / $240,000) ^ (1/4)) - 1
= (1.6667 ^ 0.25) - 1
= 0.1359 or 13.59%
Therefore, the actual annual compound growth rate was 13.59%.
Some of the hazards of employing a constant rate of growth forecasting model are:
It is ill-suited to estimate secular trends: The constant rate of growth model assumes that the growth rate remains the same over time, which may not be true if there are secular trends affecting the underlying demand or supply conditions.
It assumes that there are no cyclical variations: The constant rate of growth model does not account for the cyclical fluctuations that may occur due to business cycles or other economic factors.
It ignores seasonal trends: The constant rate of growth model does not incorporate seasonal variations in demand or supply, which can lead to significant errors in forecasting.
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If the cost of electricity doubles in the area where the Morgans live, which of the following is most likely to be
true?
A. It would be more advantageous for them to wash clothes at home and dry them at the laundromat.
B. It would be more advantageous for them to buy a washer and dryer to save money.
C. It would probably make no difference because the laundromat is likely to increase its prices to cover
increased costs.
D. It would be even more advantageous for them to use the laundromat rather than have a washer and
dryer at home.
5 of 10
Answers
If the cost of electricity doubles in the area where the Morgans live, It would probably make no difference because the laundromat is likely to increase its prices to cover increased costs. Option C. This is further explained below.
What is Pricing?Generally, Decide the payment amount for the service (something offered for sale).
In conclusion, Even if the price of power doubles where the Morgans reside, the laundromat's pricing will almost certainly rise to match the higher expenses.
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PLEASE HELP SOON WILL GIVE BRAINLIEST
How does a consumer complaint benefit the manufacturer?
A. The complaint notifies the manufacturer of a possible issue.
B. The complaint is registered with the government.
C. The complaint tells the manufacturer they did something wrong.
D. The complaint leads to an investigation.
Answers
Answer:
A. The complaint notifies the manufacturer of a possible issue.
Explanation:
this lets the manufacturer become aware of any issues- this benefits them
A consumer complaint benefit the manufacturer by Option(A) The complaint notifies the manufacturer of a possible issue.
What is a consumer and a manufacturer ?A consumer is a person or a group who intends to order uses purchased goods, products primarily for personal, social household and similar needs, not directly related to any of business activities.
A manufacturer is a person or company that produces finished goods from raw materials by using various tools, equipment, and processes, and then sells the goods to consumers distributors, retailers, or to other manufacturers for the production and make their profit out of it.
How does a consumer complaint benefit the manufacturer ?A consumer make any complaint to the manufacturer if after taking the product or using it , the consumer founds any flaws or mistakes in it which might not be notified by the manufacturer.
Therefore, a consumer complaint benefit the manufacturer by Option(A) The complaint notifies the manufacturer of a possible issue.
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(Economics) This list describes recent events in a country. As you read the list, think about the role of the country’s central bank. The country has seen its GDP decline and unemployment rise for three consecutive quarters. People are buying fewer cars, homes, and other goods and services. One reason people are buying less is that it is more difficult and more expensive to get loans to buy large items. The country’s central bank decides to lower the interest rate on the loans it makes to the banks that people use. Banks lower their interest rates. More people take out loans. With their loans, people start buying more goods and services, especially more expensive items such as cars. Producers require more workers to make these goods and sell them. Unemployment drops, and GDP begins to rise. What action helped unemployment and GDP in this country? Justify your response.
Answers
Answer:
The central bank lowered its interest rates, which made it easier and cheaper for banks to make loans to people. once people could get loans, they could buy more. The increased demand meant more people were employed to make and sell items, and output increased.
Explanation:
Answer:
The central bank lowered its interest rates, which made it easier and cheaper for banks to make loans to people. Once people could get loans, they could buy more. The increased demand meant more people were employed to make and sell items, and output increased.
Explanation: edmentum sample answer
Which options does the Ink Equation dialog box provide? Check all that apply.
Clear
Copy
Correct
Erase
Preview
Write
Answers
Answer: the answer to this question is Clear, Correct,Erase,Preview,Write
Explanation:
Connor and Duncan have two passions, video games and economics. The two have an ongoing debate.
Connor argues that video game consumers are harmed by the fact that a relatively small number of studios produce video games. The marginal cost of producing additional copies of popular video games is almost always extremely low, relative to the price these firms charge. This causes a deadweight loss. Connor wants the government to stop enforcing video game patents so that prices will be more closely aligned with the marginal cost.
Duncan thinks that consumers would be worse off if the government were to adopt this approach.
Which most strongly supports Duncan's thinking that patents are necessary?
Answers
The most strongly supporting evidence for Duncan's thinking that patents are necessary is the fact that video game studios are able to recoup their costs of production and make a profit due to the current patent system.
The video game studios wouldn't be able to make as much money if the government stopped enforcing video game patents, which would leave them with less money to invest in creating fresh, original games.
This might result in a decline in the standard and variety of video games offered, which would be bad for customers.
Additionally, the studios might be forced to close if they cannot make enough money to pay their production costs, which would result in the loss of jobs in the video game business.
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Not yet answered Marked out of 1.00 Flag question Which of the following is one of the three key questions to ask in order to create a productive agenda? Select one: O a. Who should be prepared to supply information? O b. What are the goals of the meeting? c. How long will the meeting take? d. Who should attend the meeting? e. What will be considered a successful meeting?
Answers
In order to create a productive agenda, the following three key questions must be asked:What are the goals of the meeting?Who should attend the meeting?What will be considered a successful meeting.
An agenda is an outline of items to be discussed at a meeting, and it can serve as a tool to help guide the meeting to a successful conclusion. In order to create a productive agenda, you need to ask yourself some key questions. One of these key questions is what are the goals of the meeting.
Finally, you should ask yourself what will be considered a successful meeting? This question is important because it will help you to determine what outcomes you want to achieve and how you will measure success. Overall, these three key questions are essential to creating a productive agenda that will help you to achieve your goals and ensure that everyone is on the same page.
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Professor Patty is very distraught that three students in her class cannot afford to buy the 42- chapter book for the course. The book is used for two semesters, although not all students take the second semester. She finally tells the three students that she will make copies of the first 21 chapters for them, at no charge. Professor Patty makes the copies and gives each chapter to the students prior to her coverage of the relevant chapter in class. If Professor Patty is sued for copyright infringement: __________
a. she wins because the fair use doctrine permits the use of the work for educational purposes.
b. she wins because she is not copying the entire book but only 21 chapters of it and is not making a profit.
c. she loses because by making and distributing the chapters, she is diminishing the value of the book on the national market.
d. she loses because she is copying whole sections and a significant portion of the book.
Answers
Answer: C
Explanation:
theory __________ managers see employees as having a general dislike for work and an unwillingness to accept responsibility
Answers
The theory that describes managers viewing employees as having a general dislike for work and an unwillingness to accept responsibility is known as Theory X. This theory, developed by Douglas McGregor, is part of his management concept called the X-Y Theory.
According to Theory X, managers assume that employees are inherently lazy, dislike work, and need to be coerced or threatened with punishment in order to perform their jobs. Additionally, Theory X managers believe that employees are unwilling to accept responsibility and need to be closely monitored and controlled in order to ensure that they fullfill their duties.
This theory can be problematic in the workplace, as it can lead to micromanagement, low morale, and decreased productivity. When managers assume that their employees are lazy and uninterested in their work, they may be less likely to provide opportunities for growth and development or to trust their employees with important responsibilities. This can lead to a cycle of negativity, where employees feel undervalued and unappreciated, and therefore become even less engaged with their work.
In order to break this cycle, managers need to adopt a more positive and proactive approach to their employees. This may involve building trust through open communication, offering opportunities for training and development, and recognising and rewarding good performance.
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23. m1 includes: a) cash, savings deposits, demand deposits, money market deposit accounts, small-denomination time deposits, and shares in retail money market mutual funds. b) cash, demand deposits, and small-denomination time deposits. c) cash, demand deposits, and large-denomination time deposits. d) cash, demand deposits, and other checkable deposits.
Answers
d) cash, demand deposits, and other checkable deposits.
Do modest time deposits count toward M1?Very few components are categorised as M1 due to how strictly defined M1 is. Savings account deposits, small-time deposits, and retail money market accounts are all included in the broader category M2.
What asset is included in M1?We quantify money using a variety of definitions: M1 covers cash and funds held in checking accounts. One element of M1 is traveler's checks, which are becoming less common. All of M1 as well as savings deposits, time deposits like certificates of deposit, and money market funds are included in M2, as well.
M1 or M2 savings accounts?M1 includes currency and checking account funds. Additionally, travelers' checks have become less popular. M2 consists of M1, plus savings deposits and time deposits like certificates.
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On January 1, Year 1, Sahali Air Inc. enters into an 8-year lease agreement to lease an airplane to Duoprop Airlines, with payments required at the end of each year. Sahali Air purchased the airplane in order to lease it to Duoprop. Sahali Air follows IFRS. The following information relates to this agreement:
Duoprop Airlines has agreed to purchase the airplane for $8,000,000 at the end of the lease.
The airplane cost Sahali Air $24,000,000. It has an estimated useful life of 20 years, and a residual value of zero at the end of that time.
Duoprop will pay all executory costs related to the leased airplane.
Instructions
What type of lease is this for the lessor? Justify your answer in one or two sentences.
Calculate the annual year-end lease payment that will allow Sahali Air to earn an 8% return on its investment.
Prepare a lease amortization schedule for the lessor, Sahali Air, for the full term of the lease. Use exact dollars and cents. To do this efficiently, you should prepare the amortization schedule on Excel and then copy it into your Word document.
Prepare all the journal entries for Sahali Air related to the lease for Year 1 and Year 2. Round journal entry amounts to the nearest dollar.
Answers
This lease is a finance lease for the lessor, Sahali Air Inc., as it transfers the risks and rewards of ownership to the lessee, Duoprop Airlines, and meets the criteria under IFRS.
This lease is classified as a finance lease for the lessor, Sahali Air Inc., because it transfers the risks and rewards of ownership to the lessee, Duoprop Airlines.
According to IFRS, a lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership of an asset. In this case, Duoprop Airlines has agreed to purchase the airplane for $8,000,000 at the end of the lease, which indicates the transfer of ownership.
A finance lease is a type of lease where the lessor effectively finances the acquisition of the leased asset by the lessee. The lessor retains significant risks and rewards associated with the ownership of the leased asset, and the lessee recognizes the leased asset and the corresponding liability on their balance sheet.
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Can someone answer this quickly, please
Answers
The correct options based on the information will be:
Across:
Market Segmentation
External Factor
Target Market
Market Profile
Primary Research
Demographic Information
Market Potential
Down:
2. Focus Group
List Broker
Geographical Segmentation
Business
Psychographic
Ideal Customer
Consumer
Owning Your Future
What is market Segmentation?Market segmentation is the process of breaking a large consumer or company market into smaller consumer groups based on shared criteria. Typically, this process involves existing and future customers.
The concept of market segmentation acknowledges that not all customers share the same preferences, purchasing power, or consumer wants.
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Which of the following is a personal benefit of eaming a college degree?
A. You have more friends.
B. You are more likely to exercise.
C. You have a longer life expectancy.
D. You are more likely to vote for the right candidate.
Answers
Answer:
Option B !!!!! :))
Explanation:
licensing and franchising typically follow the export-import phase of globalization.
t
f
Answers
False. Licensing and franchising are separate strategies that can be pursued independently of the export-import phase of globalization.
While export-import involves the movement of goods and services across national borders, licensing and franchising focus on the transfer of intellectual property rights and business models. Licensing grants permission to a foreign company to use intellectual property (such as patents or trademarks) in exchange for fees or royalties. Franchising involves granting the right to operate a business using a well-established brand and business model. Both licensing and franchising can occur at any stage of globalization and are driven by the desire to expand market reach and generate revenue through partnerships with local entities.
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Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:
(Choice A)
A
The supply of the resource exceeds the demand of the resource.
(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.
(Choice C)
C
There is a demand for that resource with limited supply.
(Choice D)
D
There is limited supply of a resource with no demand for that resource.
(Choice E)
E
The resource has unlimited supply and limited demand.
Answers
There is a demand for that resource with limited supply are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.
As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.
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Issuing or circulating any illustration, statement, or memo that falsely describes the terms, benefits, or advantages of any type of insurance contract is considered: A) Misrepresentation
B) Defamation
C) Unfair discrimination
D) Rebating
Answers
Issuing or circulating any illustration, statement, or memo that falsely describes the terms, benefits, or advantages of any type of insurance contract is considered misrepresentation.
Misrepresentation is a false or misleading statement of fact made by one party to another party with the intent to deceive.
In the context of insurance, misrepresentation can occur when an insurance company or agent makes false or misleading statements about the terms, benefits, or advantages of an insurance policy. This can include statements about the coverage that is provided, the cost of the policy, or the claims process.
Misrepresentation can have serious consequences for both the insurance company and the insured. If an insurance company is found to have made misrepresentations, it may be liable for damages to the insured. The insured may also be able to cancel the policy and receive a refund of any premiums that have been paid.
Insurance agents are also subject to state laws that prohibit them from making misrepresentations. If an agent is found to have made misrepresentations, they may be subject to disciplinary action by the state insurance department. This could include fines, suspension, or revocation of their license.
Here are some examples of misrepresentation in the insurance industry:
An insurance company advertises that its policy covers all types of cancer, when in fact it only covers a certain type of cancer.
An insurance agent tells a customer that they will be able to get a policy with a low deductible, when in fact the customer's credit score is too low to qualify for a low deductible policy.
An insurance agent tells a customer that they will be able to cancel their policy at any time, when in fact there is a 2-year waiting period before the policy can be canceled.
If you believe that you have been the victim of misrepresentation by an insurance company or agent, you should contact the state insurance department. You may also want to consult with an attorney to discuss your legal options.
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Managerial accounting differs from financial accounting in several areas. Specify whether each of the following characteristics relates to managerial accounting or financial accounting.
a. Reports are usually prepared quarterly and annually.
b. Information is verified by external auditors.
c. Focus is on the past.
d. Main characteristic of information is that it must be relevant.
e. Reports tend to be prepared for the parts of the organization rather than the whole organization.
f. Primary users are internal (i.e., company managers).
g. It is governed by Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).
h. The primary characteristics of information are that it must be reliable and objective.
i. Reports are prepared as needed.
j. It is not governed by legal requirements.
k. Primary users are external (i.e., creditors, investors).
l. Focus is on the future.
m. Reporting is based mainly on the company as a whole.
Answers
The information given is differentiated into either managerial accounting or financial accounting below:
Main characteristic of data is that it must be reliable and objective = Financial accounting.Not governed by legal requirements = Managerial accountingPrimary users are external (i.e creditors, investors) = Financial accountingFocused on the future = Managerial accountingReporting is based mainly on the company as a whole= Financial accountingReports are usually prepared quarterly and annually= Financial accountingInformation is verified by external auditors = Financial accountingFocused on the past = Financial accountingWhat is managerial accounting?Managerial accounting is a method of accounting that creates statements, reports, and documents that help management in making better decisions.
Financial accounting is concerned with the summary, analysis and reporting of financial transactions related to a business.
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Zoom has been criticized for opening up its platform for use by nonpaying users (with some restrictions). Why would Zoom do this, and why would paying customers care? 3-16. With the surge of Zoom users came a surge in scrutiny about the software's privacy and security. Why do you think Zoom developers built an insecure piece of software?
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Zoom opened platform for non-paying users to expand user base; paying customers value exclusivity. Security concerns require evidence, avoiding assumptions of intentional insecurity.
There can be various reasons why Zoom decided to open up its platform for non-paying users, such as expanding its user base, increasing brand exposure, and attracting potential paying customers who may upgrade to premium features.
Paying customers may care because they might expect exclusive benefits, enhanced features, priority support, or a sense of exclusivity for their investment. As for the scrutiny regarding Zoom's privacy and security, it's important to note that building software is a complex task, and vulnerabilities can arise unintentionally due to oversight or unforeseen circumstances.
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Other debt should be included such as car loans, student loans and credit cards when considering BOTH the 20% and the 10% in the 20-10 rule.
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The 10/20 rule is a budgeting method that can be used by just about anyone, even if it's only a general guideline rather than a binding decree
What's the 10 20 rule in finance?The 10/20 rule is a budgeting method that can be used by just about anyone, even if it's only a general guideline rather than a binding decree. The goal is to keep your overall debt to no more than 20% of your annual income and your monthly payments to no more than 10% of your net monthly income. According to the 20/10 rule, your monthly and annual consumer debt payments should each not exceed 10% of your monthly and annual take-home pay. This guideline might help you determine how much you should be spending on debt repayments and set a ceiling on how much new debt you will accept.To learn more about 10 20 rule refer to:
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Which of the following audiences is least likely to be interested in seeing
data in a report?
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Answer:
The audience with minimum knowledge and having other tasks are least likely to be interested in seeing data in the report.
Explanation:
It is a general overview that a person who is more accustomed with data entry and data analysis is more likely to view and analyze the data in the report.
It is also important to attract the attention of the audience through the speaker or data provider.
Thus, the interest of the audience depends on various factors and can be judged accordingly.
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D. what if you are now requiring 15 units to be shipped from origin c to destination 3, what is the total optimal cost?
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To determine the total optimal cost of shipping 15 units from origin C to destination 3, further information is needed regarding the specific transportation cost matrix or network model.
The total optimal cost of shipping 15 units from origin C to destination 3 depends on the transportation cost matrix or network model, which provides information about the costs associated with shipping units between different origins and destinations. The matrix typically includes transportation costs per unit shipped from each origin to each destination. By knowing the transportation cost matrix and utilizing optimization techniques such as the transportation algorithm or linear programming, the total optimal cost can be calculated.
However, since the transportation cost matrix or network model is not provided in the question, it is not possible to determine the specific total optimal cost for shipping 15 units from origin C to destination 3. To calculate the total optimal cost, the transportation cost matrix or network model that outlines the costs associated with shipping between specific origins and destinations needs to be provided.
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I NEED HELPPPP PLEASEEE!!!!
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Explanation:
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