Her current campaign has a total investment of $25,500, generates 1,500 conversions, and has a CPA of $17. Which plan, built in the Performance Planner, will help Molly with her marketing goal to generate more sales
Answers
Answer: An investment of $40,000 to generate 2,000 conversions and a CPA of $20.
Explanation:
For molly to achieve her marketing goal, which is centered around making more sales and more profit. She would be needing and investment of around $40,000, as this amount would help generate a conversion of 2000 and a CPA in the region of $20.
Related Questions
a firm issues preferred stock with a dividend of $3.79. if the appropriate discount rate is 10.06% what is the value of the preferred stock?
Answers
The value of the preferred stock in this scenario is $37.70.
When it comes to finance, the value of a preferred stock is calculated in a similar way to that of a bond. As a result, preferred stocks, like bonds, have a set dividend rate that is paid out to investors in a predictable and regular manner.
We can calculate the value of a preferred stock by using the following formula:
Preferred Stock Value = Preferred Dividend / Discount Rate
Let us consider the example provided in the question, a firm issues preferred stock with a dividend of $3.79, and the appropriate discount rate is 10.06%.
Substituting the values into the formula, we get:Preferred Stock Value = 3.79 / 0.1006
Preferred Stock Value = $37.70
Therefore, the value of the preferred stock in this scenario is $37.70.The dividend rate of a preferred stock is a fixed percentage that is paid out to investors on a regular basis, typically quarterly or annually, in exchange for their investment.
The dividend rate is used to calculate the value of the preferred stock, which is equivalent to the price that an investor would be willing to pay for the stock in order to receive the regular dividend payments.The discount rate, on the other hand, is the rate of return that an investor requires in order to be compensated for the risks associated with investing in the stock.
When the discount rate is high, the value of the preferred stock decreases, as investors demand a higher return on their investment to compensate for the increased risks.
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based on the reading, which of the following are questions that can be put to regression analysis? 1 point what is the impact of lot size on housing price? do homes with brick exterior sell in rural areas? what are typical land taxes in a house sale? do homes with brick exterior sell for less than homes with stone exterior?
Answers
The first two questions are appropriate for regression analysis, while the third and fourth questions about land taxes and brick houses are not suitable for regression analysis.
What is the reasoning for the above answer?"What is the impact of lot size on housing price?" - This is an appropriate inquiry for regression analysis because we can use a regression model to analyze the relationship between the lot size of a place and its selling price."Do homes with brick exterior sell in rural areas?" - This is also a suited query for regression analysis because we can use a regression model to investigate the relationship between the type of exterior (brick or non-brick) and the placement (rural or non-rural) on the probability of a home being sold."What are typical land taxes in a house sale?" - This is not an eligible topic for regression analysis because it is asking for data about a specific variable (land taxes) rather than analyzing the relationship between variables."Do homes with brick exterior sell for less than homes with stone exterior?" - This is not a desirable topic for regression analysis because it is asking for a relation between two classes (brick and stone exterior) rather than investigating the relationship between variable quantities.To find out more about regression, visit:
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6. Short-run supply and Iong-run equitibrium Consider the competitive market for titanlum. Assume that, regardless of how many firms are in the industry, every firm in the industry is identic and face
Answers
Short-run supply and long-run equilibrium in the competitive market for titanium can be explained as follows:
In the short run, the supply of titanium in the market is determined by the existing firms in the industry.
However, in the long run, firms in the titanium industry have the flexibility to adjust their production capacity.
Regardless of the number of firms, each one is identical and faces the same cost structure. This means that the quantity of titanium supplied in the short run depends on the firms' current production capacity and their ability to adjust output levels. If the market demand for titanium increases, firms can respond by increasing their output to meet the higher demand. Conversely, if demand decreases, firms may reduce their production levels accordingly.
New firms can enter the market, and existing firms can exit or change their production levels. In the long run, firms are not constrained by their current capacity, and they can make adjustments to meet the demand in a more efficient manner. This leads to long-run equilibrium, where the quantity supplied of titanium matches the quantity demanded at a price that covers all production costs.
In the long run, if the demand for titanium exceeds the current supply, new firms will be incentivized to enter the industry to take advantage of the higher prices. As new firms enter, the supply of titanium will increase, which eventually leads to a new equilibrium with a higher quantity supplied. On the other hand, if the demand for titanium is lower than the current supply, some firms may exit the market, reducing the overall supply and leading to a new equilibrium with a lower quantity supplied.
In summary, the short-run supply of titanium is determined by the existing firms' production capacity, while the long-run equilibrium is achieved through the entry or exit of firms based on the market demand. This allows the market to adjust and reach a balance between supply and demand over time.
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Regina is looking to start a knitting business and completes a target profile to include in her business plan. Identify which item in her target market profile is in the wrong category and where it should be moved.
Answers
Answer:
geographic information
Managers wants to develop an organizational culture that aligns with the firm’s mission and profit margin.
True or false
Answers
According to the research, the correct answer is True. The statement "Managers want to develop an organizational culture that aligns with the firm's mission and profit margin" is true.
What are Managers?It is the person whose job is to coordinate or direct a company or a sector of it, guides the effective management of people and organizational effectiveness.
In this sense, he is dedicated to the coordination and supervision of the actions carried out by other people, ensuring that the work carried out by the personnel under his charge is in tune with the objectives of the company and its organizational culture.
Therefore, we can conclude that according to the research, a manager plans and directs the plans and procedures in the organizational culture.
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Q1- The gross earnings of the factory workers for Vargas Company during the month of January are $60,000. The employer's payroll taxes for the factory payroll are $7,000. The fringe benefits to be paid by the employer on this payroll are $5,000. Of the total accumulated cost of factory labor, 80% is related to direct labor and 20% is attributed to indirect labor. Instructions: (a) Prepare the entry to record the factory labor costs for the month of January. (b) Prepare the entry to assign factory labor to production.
Answers
The journal entry to record the factory labor costs is: Debit: Factory Labor Expense - $72,000, Credit: Salaries Payable - $60,000, Credit: Payroll Tax Expense - $7,000, Credit: Fringe Benefits Expense - $5,000.
The journal entry to assign factory labor to production is: Debit: Work in Process Inventory - $57,600 (Direct labor), Debit: Manufacturing Overhead - $14,400 (Indirect labor), Credit: Factory Labor Expense - $72,000.
(a) To record the factory labor costs for the month of January, we need to calculate the total labor costs by adding gross earnings, employer's payroll taxes, and fringe benefits:
Total labor costs = Gross earnings + Employer's payroll taxes + Fringe benefits
Total labor costs = $60,000 + $7,000 + $5,000
Total labor costs = $72,000
The journal entry to record the factory labor costs is as follows:
Debit: Factory Labor Expense - $72,000
Credit: Salaries Payable - $60,000
Credit: Payroll Tax Expense - $7,000
Credit: Fringe Benefits Expense - $5,000
(b) To assign factory labor to production, we need to allocate the labor costs to direct labor and indirect labor based on the given percentages:
Direct labor costs = Total labor costs x 80%
Direct labor costs = $72,000 x 0.8
Direct labor costs = $57,600
Indirect labor costs = Total labor costs x 20%
Indirect labor costs = $72,000 x 0.2
Indirect labor costs = $14,400
The journal entry to assign factory labor to production is as follows:
Debit: Work in Process Inventory - $57,600 (Direct labor)
Debit: Manufacturing Overhead - $14,400 (Indirect labor)
Credit: Factory Labor Expense - $72,000
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What Came first, the color orange or the fruit?
Answers
The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s and came to us from the Old French orenge, adapted from the Arabic nāranj, from the Persian nārang, from the Sanskrit nāranga (“orange tree”)
Answer:
the fruit
Explanation:
The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s
Robert receives a salary of $60,000 per year, or $2,500 semi-monthly. How
much does his employer pay for his unemployment tax for the entire year?
A. no limit
B. $0
C. $840
D. $420
Answers
Answer:
B. $0
Explanation:
Unemployment tax known as FUTA (The Federal Unemployment Tax act) is imposed on employers based on the wage and salaries they pay their employees. Employers who pay $1500 and above per calendar quarter are mandated to pay FUTA. Unlike other payroll-based taxes, employers are not required to deduct FUTA from employees. Therefore, nothing should be withheld from Robert's income as unemployment tax.
based on the following customer purchase data, which customer would have a higher lifetime value to the retailer? customer feb. march april may june july marcia $10 $10 $10 $10 $10 $10 jan $10 $20 $30 $30 $20 $10 cindy $40 $40 alice $150
Answers
Alice would have the highest lifetime value to the retailer with a total purchase amount of $150.
To determine which customer would have a higher lifetime value to the retailer, we need to calculate the total amount spent by each customer over the given period.
Marcia: $10 x 6 = $60
Jan: $10 + $20 + $30 + $30 + $20 + $10 = $120
Cindy: $40 x 2 = $80
Alice: $150
A retailer is a business that sells goods or services directly to consumers for personal or a household use. Retailers can operate in the physical stores, online, or through a combination of both, and may specialize in a particular product or offer a wide range of the products to meet the consumer demand.
the complete question is:
Explain the concept of customer lifetime value (LTV). Assume that a small retail store has gathered the following customer purchase data for four of its customers. The store is using an LTV approach to evaluate the customers. Which of the four customers would have the highest lifetime value to the retailer? Explain your selection of that customer.
Customers Feb March April May June July
Marcia $10 $10 $10 $10 $10 $10
Jan $10 $20 $30 $40 $20 $10
Cindy $40 $40
Alice $150
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D Question 7 The next 3 questions are related and depend on this information: Bond XYZ is a 4-year, 8% annual coupon bond, with $1,000 par value. The required return on the bond is 5.4%. What is the duration of this bond? (2 points) Enter your answer with 4 decimals (e.g. 5.1234)
Answers
The duration of a bond measures the time it takes for a bond's cash flows to be received. It is computed as the weighted average of the time it takes for each cash flow to be received, with the weight being the present value of each cash flow divided by the current price of the bond.
During the lifetime of a bond, there are several cash flows. This can be in the form of periodic interest payments or the bond's principal amount being returned at maturity. The duration is calculated by summing the products of each cash flow's time period and its present value. The present value is calculated using the current yield, which is the yield the bond is providing in the market.
In this case, Bond XYZ is a 4-year, 8% annual coupon bond with a $1,000 par value. The required return on the bond is 5.4%.The duration of Bond XYZ is calculated as follows:To begin, the bond's price must be determined. The present value of each coupon payment and the principal payment is the product of the payment and the present value factor.The current yield is used to calculate the present value factor. The following formula is used to determine the present value factor.
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when viewed as a tangible asset, real estate can be defined as the land and its permanent improvements. improvements on the land include:
Answers
when viewed as a tangible asset, real estate can be defined as land and its permanent improvements. improvements on the land include fences.
Real estate, also known as property or real property, is a crucial part of the economy. Real estate economics is the study of how land, buildings, and other physical structures affect the economy. Real estate can include residential, commercial, and industrial properties, as well as natural resources such as timber or oil.
Real estate has a significant impact on economic growth, investment, and development. It is a source of employment, generating jobs in construction, property management, and real estate services. Real estate investments provide a means of wealth creation for individuals and institutions, and the value of real estate assets can impact national and global economies.
Real estate markets are influenced by supply and demand factors, including interest rates, population growth, and government policies. Understanding the dynamics of real estate economics is essential for investors, policymakers, and individuals interested in buying or selling properties.
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This is for my class in finance
What is one way to minimize the impact of unplanned spending on a budget?
I will mark brainliest !!!
Answers
Answer:
1. Work with credit card companies. ...
2. Sell your stuff. ...
3. Earn extra income. ...
4. Take on a short-term money loan. ...
5. Re-budget to live below your means. ...
6. Ask for a paycheck advance. ...
7. Make sure you're prepared for next time.
a class-action suit against a utility company resulted in a settlement of $1.45 million for 63,000 customers. if the legal fees, which must be paid from the settlement, are $300,000, what amount will each plaintiff receive? (round your answer to 2 decimal places.)
Answers
The amount of money that each plaintiff will receive is $18.25.
What is money?a current medium of exchange in the form of coins and banknotes.
How to calculate how much money that each plaintiff will receive from the question?
First, let's identify what was informed from the question.
Settlement money = $1.45 million
Legal fees for the settlement = $300,000
Number of plaintiff = 63,000 customers
Now, we want to calculate the amount that will be received by each plaintiff
Amount received = net money / number of plaintiff
= (1,450,000 - 300,000) / 63,000
= $18.25 (rounded)
So each plaintiff will get $18.25 for the settlement money
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1. Beth and Jerry own a residential home valued at approximately $250,000. While
they were away on vacation, lightning struck their house causing a large fire that
did approximately $125,000. of damage to their home. Their homeowner's
insurance policy was up to date and they had proper damage limits in their
coverage areas. Due to the damage to their home which included most of their
furniture, electronic devices, televisions, personal clothing and Thereappliances;
they will also have to live in temporary housing until their house is repaired which
is estimated to be 10 months. Which coverage areas of their homeowner's policy
will provide the coverage for their loss including their housing? Be specific and
state why you selected your answer with examples provided.
Answers
The losses incurred by Beth and Jerry in this scenario will be covered by the homeowners' insurance policy.
Which coverage areas of their homeowner's policy will provide the coverage for their loss including their housing?
The areas of the homeowner's insurance that will cover their loss, including their housing, are listed below: 1.Dwelling Coverage: This insurance will pay for the costs of repairing any damage the fire has done to the walls, roof, and foundation of their house. In this situation, the insurance provider will provide coverage up to the policy's maximum, which in this case is $125,000. 2.Personal Property Coverage: This insurance will pay the costs of replacing or repairing personal property such as furniture, electronics, televisions, and clothing that was damaged or destroyed in the fire. Depending on the policy, the insurance company will provide coverage up to the limit stated in the policy, which can range from 50% to 70% of the dwelling coverage limit. 3.Loss of Use Coverage: This coverage will give Beth and Jerry the money they need to pay for the extra living costs they incur, like food and lodging while their house is being repaired. In this scenario, the insurance provider will provide coverage up to the maximum allowed by the policy, which, depending on the policy, can range from 20% to 30% of the dwelling coverage limit.
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net cash flows provided by operating activities will be ______ when using the direct method compared to the indirect method.
Answers
According to cash flow operation analysis, the net cash flows provided by operating activities will be the same when using the direct method compared to the indirect method.
Net Cash flows are used in business management to describe the profit or loss of capital in a given period.
Typically, a positive Net Cash Flows occurs when the is a surplus of cash after paying the expenses.
Hence, in this case, it is concluded that the correct answer is "the same."
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Cash flows from operating activities often shows the net amount of cash that was received or disbursed during a given period of time. Net cash flows provided by operating activities will be the same as when using the direct method compared to the indirect method.
The direct method is often use in calculating the flow that involves deducting from cash sales.Cash flow statements is simply defined as the statement that shows the cash receipts, cash payments and net changes in cash that takes place as a result of operating, investing, and financing activities in an accounting period.
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The owner of a landscaping business has noticed that none of his competitors are including ponds or other water features in the gardens they create. The landscaper wants to determine the viability of this business opportunity What should this entrepreneur do FIRST before offering to design and build water features as part of his landscaping business? оооо
Contact the water department to see if they can support the extra demand for water.
Ask the customers in the area if they are interested in adding a water feature to their gardens.
Determine if there is a supply chain available. Perform a financial audit to determine if there is
enough money available to add the new service.
Answers
What the entrepreneur should do FIRST before offering to design and build water features as part of his landscaping business is: Ask the customers in the area if they are interested in adding a water feature to their gardens.
LandscapingSince none of his competitors are including ponds or other water features in their gardens.
When determining the viability of the business opportunity the first step is for the owner of the landscaping business to all ask the customers in the area whether they are interested in adding a water features to their garden.
Inconclusion what the entrepreneur should do FIRST before offering to design and build water features as part of his landscaping business is: Ask the customers in the area if they are interested in adding a water feature to their gardens.
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Answer:
Ask the customers in the area if they are interested in adding a water feature to their gardens...
Explanation:
Lincoln Investments is registered as a broker-dealer and as an investment adviser. When opening an account for a customer, the firm has the customer sign a statement that discloses that transactions recommended by Lincoln Advisers are effected through Lincoln Brokerage, which earns commissions on those trades. Obtaining the signed statement would NOT be required if:A. Lincoln Advisers recommends the purchase of a security and Lincoln Brokerage sells the customer that security out of its inventoryB. Lincoln Advisers recommends the sale of a security and Lincoln Brokerage executes the sale acting as agent in the OTC marketC. the customer effects a trade through Lincoln Brokerage that was not recommended by Lincoln AdvisersD. the customer signs a waiver covering all disclosures that are legally required
Answers
Answer:
the customer effects a trade through Lincoln Brokerage that was not recommended by Lincoln Advisers
Explanation:
Broker-dealer definition varies. In the USA, it is regarded as an individual person who is involved in the business of effecting transactions in securities for the accounts of others or for its own account.
An investment adviser is an individual that is responsible for the compensation and as part of a regular business, engages in the business of advising others on the value of securities.
Describe one accountability issue of a business
Answers
Answer:
Accountability in the workplace is about employees taking responsibility and ownership for their decisions, actions, performance and behaviour. Accountability in the workplace is also about building trust and staying committed to doing the right thing for the business consistently.
Renella is an entrepreneur who likes to be actively involved in
her business ventures. She is going to invest $500,000 in a
business that she projects will produce a tax loss of approximately
$125,000
Answers
Renella's income will be reduced by $50,000 (40% of $125,000) if her tax rate is 40%.
Renella is an entrepreneur who likes to be actively involved in her business ventures. She is going to invest $500,000 in a business that she projects will produce a tax loss of approximately $125,000.
Renella is going to invest $500,000 in a business that she projects will produce a tax loss of approximately $125,000. If her tax rate is 40%, her income will be reduced b $50,000.
The tax loss in the business is approximately $125,000.
Therefore, Renella's income will be reduced by $50,000 (40% of $125,000) if her tax rate is 40%.
It's important to note that a tax loss of $125,000 can be carried forward for 20 years, or it can be carried back 2 years.
This means that if the loss is not used to offset future income, it can be applied to past or future years to reduce taxable income.
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Select the correct answer. Which of these do you need to do when receiving criticism? A. Do not respond to criticism. B. Ignore the criticism. C. Respond to criticism with your own criticism. D. Consider the criticism as a learning experience. E. Ask your best friend what to do.
Answers
Answer:
The correct answer is D. Consider the criticism as a learning experience.
Explanation:
Criticism is the opinion valued by a person regarding another, a thing or a situation, in which the characteristics of said person, thing or situation are evaluated, and an opinion is expressed about them, which can be favorable or unfavorable.
When a person receives a criticism without bad intention, that is, a genuine or constructive criticism, the ideal is not to feel attacked by whoever emits it, but on the contrary, to take that opinion as valid, to learn from the mistakes made and improve.
Describe two advantages of planned economy
Answers
Answer:
Some of the advantages are the equal distribution of wealth, reduced inequality,
low level of unemployment, and maximize social welfare.
On January 1, 2019, Wilcox Inc. leased equipment from Zed Co. for use in the engineering department. The noncancelable lease is for 6 years with an unguaranteed residual value of $5,000 and the estimated economic life of the leased equipment is 10 years. The lease does not contain automatic title transfer or a bargain purchase option. Lease payments are $9,000 per year, payable each December 31. The incremental borrowing rate for Wilcox is 8 percent and Zed’s implicit interest rate (known by Wilcox) is 6 percent. Wilcox uses straight-line depreciation for the equipment. To Zed, the equipment had a cost of $44,000 and fair value of $48,000. The collectability of the lease payments is probable for the lessor.
Instructions
Provide the necessary journal entries to record the transactions for the lessee and lessor for the period January 1, 2019 through December 31, 2020.
Answers
The journal entries to record the transactions for the lessee and lessor for the period January 1, 2019 through December 31, 2020 is shown below.
How to illustrate the journal entryDecember 31, 2019 - Recording of lease payment
Debit Lease Expense $9,000
Credit Cash $9,000
December 31, 2020 - Recording of lease payment
Debit Lease Expense $9,000
Credit Cash $9,000
January 1, 2019 - Record lease receivable at present value of lease payments
Debit Lease Receivable $48,000 (Present value of lease payments)
Credit Equipment $44,000
Credit Gain on Sale of Equipment $4,000 (This is the difference between the fair value of the equipment and its cost)
December 31, 2019 - Receipt of lease payment and recognition of interest income
Debit Cash $9,000
Debit Interest Receivable $2,880 (Lease Receivable at the beginning of the year * 6%)
Credit Lease Receivable $6,120 (Payment - Interest)
December 31, 2020 - Receipt of lease payment and recognition of interest income
Debit Cash $9,000
Debit Interest Receivable $2,473 (Lease Receivable at the beginning of the year * 6%)
Credit Lease Receivable $6,527 (Payment - Interest)
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During civil lawsuit proceedings regarding alcohol service, courts will try to determine if the
designated driver was present and remained sober. guest's BAC was checked throughout the evening. server recently attended proper alcohol training, server contributed to the injury.
Answers
Courts will attempt to ascertain if the designated driver was there and stayed sober throughout civil lawsuit proceedings over alcohol service.
A lawsuit is a legal action brought by one or more plaintiffs or claimants against one or more defendants. Only a limited number of laws from long ago that are still in force include the phrase "suit in law." The term "lawsuit" refers to a civil action that is launched by a plaintiff—a party who alleges that they have suffered loss as a result of the defendant's actions—and in which the plaintiff asks the court for either a legal remedy or an equitable remedy.
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a borrower defaulted on a mortgage loan, leaving an unpaid balance of $95,000. after receiving only $85,000 from the sale of the property, the lender filed for
Answers
a borrower defaulted on a mortgage loan, leaving an unpaid balance of $95,000. after receiving only $85,000 from the sale of the property, the lender filed for a release deed.
In commonplace law, a deed is any criminal tool in writing which passes, affirms, or confirms a hobby, right or property and that is signed, attested, added, and in some jurisdictions, sealed. It's far generally related to transferring (conveyancing) a name to the property. The deed has a more presumption of validity and is less rebuttable than a device signed by means of the birthday party to the deed. A deed may be unilateral or bilateral. Deeds include conveyances, commissions, licenses, patents, diplomas, and conditionally powers of a lawyer if achieved as deeds. The deed is the modern-day descendant of the medieval charter, and delivery is a concept to symbolically update the historic ceremony of livery of seisin.
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Visualizations are use to identify?
Answers
Visualization makes data easier to see, interact with, and comprehend. It gives staff members or business owners a fantastic way to deliver facts to non-technical people without causing confusion.
Information and data are graphically represented in data visualization. Data visualization tools offer a simple approach to spot and comprehend trends, outliers, and patterns in data by utilizing visual components like charts, graphs, and maps. Additionally, it gives staff members or business owners a fantastic way to deliver facts to non-technical people without causing confusion.
It's easy to see why data visualization is important: it makes data easier to see, interact with, and comprehend. Regardless matter the complexity of the situation, the correct depiction may get everyone on the same page.
Data curation into an understandable form, emphasizing trends and outliers, and data visualization all contribute to the telling of tales. A strong visualization highlights important information while reducing noise in the data and telling a story.
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What is an insurance premium?
A. The money paid each month to receive insurance coverage
B. The estimated cost of an insurance plan over 20 years
C. The maximum amount of money an insurance policy will pay out
D. The percentage of a bill that a customer must pay without
insurance
Answers
Answer:
Premium is an amount paid periodically to the insurer by the insured for covering his risk. Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium.
Explanation:
a
You are starting a shopping service for elderly people in your community who cannot leave their homes. Write a mission statement that clearly communicates the purpose of your business.
Answers
To write a mission statement about starting a shopping service for elderly people in your community, begin writing what your company does. In this case, start with "My company's purpose is to start a shopping service for elderly people in my community (name of your community)."
Then follow up by describing how your business plan to operate its services.
Here, you can state that "My company's purpose is to provide shopping services that allow all elderly people to experience easy and comfortable life."
Thus continue by adding the reason your company operates its services.
Finally, your mission statement can look like this:
At Brainly (name of your company), we provide shopping services to make elderly people experience an easy and comfortable life.
Hence, in this case, it is concluded that a mission statement should have the purpose, values, and goals of the company.
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A dog rescue operation finds when it sets its adoption fee at $60 in a month, 20 dogs are adopted, but when they drop the price to $40,40 dogs are adopted. What does that mean about the demand elasticity in their area? a none of these answers are accurate b The elasticity of demand is 0.6 and its relatively elastic c The elasticity of demand is 1.67 and its relatively inelastic d The elasticity of demand is 0.6 and its relatively inelastic e The elasticity of demand is 2 and its relatively elastic
Answers
The elasticity of demand is 0.6 and its relatively inelastic.
According to the question, when the dog rescue operation sets its adoption fee at $60 in a month, 20 dogs are adopted, but when they drop the price to $40, 40 dogs are adopted. In this case, we can use the following formula to calculate the price elasticity of demand:
Price elasticity of demand = (Percentage change in quantity demanded) ÷ (Percentage change in price)
Where the quantity demanded is the number of dogs adopted and the price is the adoption fee.
Substituting the values, Price elasticity of demand = [(40 - 20) ÷ ((40 + 20) ÷ 2)] ÷ [(60 - 40) ÷ ((60 + 40) ÷ 2)]
Price elasticity of demand = (20 ÷ 30) ÷ (20 ÷ 50)
Price elasticity of demand = (0.67) ÷ (0.4)
Price elasticity of demand = 1.67
The elasticity of demand is 1.67, which is greater than one. This means that the quantity demanded of dog adoptions is relatively inelastic. Therefore, the correct option is (d) The elasticity of demand is 0.6 and its relatively inelastic.
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A question on Factor Pricing (Microeconomics):
In the staging of a concert or theatrical performance, there are many people involved including those that work behind the scenes such as sound engineers, lighting technicians, production assistants, ticket booth personnel, etc. The people behind the scenes put in more hours of work than the performers or artists themselves. Yet, the performers or artists earn more money than the behind-the-scenes people. Use the general principle of factor pricing to explain this seemingly paradoxical situation. (3-5 sentences)
Answers
In the staging of a concert or theatrical performance, the performers or artists earn more money than the behind-the-scenes people despite the latter putting in more hours of work. This can be explained using the general principle of factor pricing.
According to the principle of factor pricing, a factor of production is paid according to its contribution to the production process. Factors that contribute more are paid more, and those that contribute less are paid less. Hence, the wages of workers depend on their productivity.The performers or artists are considered to be highly productive because they are the ones who attract the audience.
They are the main reason for the event and are responsible for generating most of the revenue. The behind-the-scenes workers, on the other hand, play a supportive role and are responsible for the smooth running of the event. Their work is important, but not as critical as that of the performers or artists.The income earned by the performers or artists is an economic rent, which is a payment made to a factor of production that is in limited supply. There are a limited number of people who can perform at a high level, and they are in high demand.
As a result, their wages are high. The income earned by the behind-the-scenes workers is a normal profit. They are paid according to their contribution to the production process, which is less than that of the performers or artists.
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which of the following key performance indicators can be used to measure whether each store is meeting its sales goal
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One of the key performance indicators which can be used to measure whether each store is meeting its sales goal is known as:
Revenue growthWhat is Revenue Growth?This refers to the amount of money which a given company makes over a period of time as it increases from a previous time period.
With this in mind, we can see that revenue growth is one of the many key performance indicators that shows whether each store is meeting its sales goal.
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