john gives copies of textbooks to professors and evaluating committees and tries to influence them to adopt the textbook, although he does not actually close a sale. what type of salesperson is john?
Answers
John is engaging in a sales technique known as "selling by giving" or "selling by sampling." This approach involves giving free copies of textbooks to professors and evaluating committees in order to influence them to adopt the textbook.
Although John is not directly closing a sale by receiving payment for the textbooks, he is using this strategy to create awareness and generate interest in the product. By distributing copies of the textbooks, John is allowing professors and evaluating committees to evaluate the content and quality of the material firsthand. This gives them the opportunity to see the value of the textbook and consider adopting it for their courses. John's intention is to influence their decision-making process and persuade them to select the textbook he is promoting.
In this case, John can be categorized as a "consultative salesperson" or a "relationship salesperson." He focuses on building relationships with the professors and evaluating committees by providing them with free copies of the textbooks. Through these interactions, John aims to establish trust, showcase the benefits of the textbooks, and influence their adoption decision. Although John may not directly close a sale, his efforts aim to indirectly generate sales by influencing the adoption of the textbooks by educational institutions.
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Related Questions
give four basic functions of the government
Answers
the 4 functions of government are:
1.maintain and make laws
2.raise taxes
3.protect environment
4.national defence
Answer:
listening to the citizens before making decisions .Helping in the development activities .making suitable rules and regulations for the country .Providing citizenship cards to the every citizens of the country .hope it is helpful to you
What did the large medical bill of $55,543 cover? What are three examples of health care expenses after surgery for appendicitis?
Answers
The large medical bill of $55,543 covered the surgery for appendicitis and the treatments received.
How does health insurance operate?A health insurance plan or policy pays a portion of the costs associated with hospital stays and doctor appointments. It exists to assist with reducing the expenses of medical occurrences, whether they are anticipated or unanticipated.
Depending on your age and income, the insurance provider will decide how much you will pay for your health insurance premium. In order to maintain your health and treat illnesses and accidents, health insurance is necessary. Having health insurance shields you and your family from financial hardships, which is only one of its many advantages.
Three examples of healthcare expenses after the surgery for appendicitis are the surgeon fees, the check-up cost, and the cost of hospital stay.
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which primary function of management is concerned with ensuring the right things happen at the right time in the right way? multiple choice controlling planning leading
Answers
Controlling is primary function of management is concerned with ensuring the right things happen at the right time in the right way.
Controlling can be described as that feature of management which helps to searching for deliberate results from the subordinates, managers and at all levels of an organization. The controlling feature allows in measuring the development closer to the organizational dreams & brings any deviations, & shows corrective motion.
Manage is a feature of control which enables to check mistakes with the intention to take corrective actions. this is performed to decrease deviation from requirements and make certain that the stated goals of the corporation are achieved in a desired way.
Controlling refers back to the process of size of overall performance against the requirements, measuring deviations and taking corrective motion to attain predetermined dreams.
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a. $77,000 in raw materials were purchased on account. b. $75,000 in raw materials were used in production. Of this amount, $63,000 was for direct materials and the remainder was for Indirect materials. c. Total labor wages of $126,500 were paid in cash. Of this amount, $103,200 was for direct labor and the remainder was for indirect labor. d. Depreciation of $194,000 was incurred on factory equipment. Journal entry worksheet $77,000 in raw materials were purchased on account. Note: Enter debits before credits. Journal entry worksheet $75,000 in raw materials were used in production. Of this amount, $63,000 was for direct materials and the remainder was for indirect materials. Note: Enter debits before credits. Journal entry worksheet Total labor wages of $126,500 were paid in cash. Of this amount, $103,200 was for direct labor and the remainder was for indirect labor. Note: Enter debits before credits. Journal entry worksheet Depreciation of $194,000 was incurred on factory equipment. Note: Enter debits before credits.
Answers
a. Raw Materials Purchased on Account:
Raw Materials Inventory Dr $77,000, Accounts Payable Cr $77,000
b. Raw Materials Used in Production:
Work-in-Progress Inventory Dr $75,000, Raw Materials Inventory Cr $75,000
c. Labor Wages Paid in Cash:
Direct Labor Expense Dr $103,200, Indirect Labor Expense Dr $23,300, Cash Cr $126,500
d. Depreciation on Factory Equipment:
Depreciation Expense Dr $194,000, Accumulated Depreciation Cr $194,000
Journal Entry Worksheet:
a. Raw Materials Purchased on Account:
Raw Materials Inventory Dr $77,000
Accounts Payable Cr $77,000
b. Raw Materials Used in Production:
Work-in-Progress Inventory Dr $75,000
Raw Materials Inventory Cr $75,000
c. Labor Wages Paid in Cash:
Direct Labor Expense Dr $103,200
Indirect Labor Expense Dr $23,300
Cash Cr $126,500
d. Depreciation on Factory Equipment:
Depreciation Expense Dr $194,000
Accumulated Depreciation Cr $194,000
Note: The journal entries above reflect the given transactions. However, it's important to consult with an accounting professional to ensure accuracy and adherence to specific accounting principles and guidelines.
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True or False: After calculating how much money you have left after paying for all of your monthly expenses, you can
olan on spending up to 50% of that amount on car expenses
Answers
Based on microeconomic theory, it is true that after calculating how much money you have left after paying for all of your monthly expenses, you can
plan on spending up to 50% of that amount on car expenses.
Note that after making a payment on living expenses, such as rent, mortgage, utilities, loans, car payments, and food, the money that remains is discretionary income.
This discretionary income can be used as savings, investment, or spending on your discretionary expenses such as vacations and travel expenses, car expenses.
This is because discretionary expenses are categorized under wants instead of needs.
Thus, given that planning for car expenses is a want, then the statement in the question is True.
Hence, in this case, it is concluded that the correct answer is "True."
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A food worker washes his hands and puts on new gloves before taking tomatoes from a box and slicing them for burgers
Answers
What the food worker, who washes his hands and puts on new gloves before taking tomatoes from a box and slicing them for burgers, has done is an example of practicing good personal hygiene.
What is personal hygiene?Personal hygiene involves the following activities: bathing, washing hands, brushing teeth, etc.
The purpose of personal hygiene, especially for a food worker or handler is to prevent biological, chemical, and physical hazards that make food unsafe.
Thus, since food workers come into contact with millions of germs and viruses daily, they must practice personal hygiene.
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Scoops Ice Cream a new concept in gourmet ice cream is finishing up its business plan for upcoming Venture Capital rounds and just needs to complete its break-even analysis to be done. In order to get started with its ice cream business, it will need to purchase some state-of-the-art ice-cream manufacturing equipment valued at $50,000, which they will be able to purchase at a 30% discount. In addition, they will need to rent several store locations for a total of $15,000 per month. Other fixed costs include monthly salaries of $6,000 for 3 scoopers and other miscellaneous expenses of $2,000 per month. For you accounting "experts" out there, for the purposes of these exercises, you may ignore the impact/effect of depreciation. 31 Scoops estimate Variable Unit Costs to be about $1. They would also like to remain price competitive and charge $3. 50 per serving of ice cream.
Required:
a. What is the break-even point if the time horizon is changed to two years?
b. 31 Scoops has now found a special type of cream that they want to use in their product, which will change their cost per serving of ice cream by 10 cents. They wish to offset this by increasing the price by 10 cents as well. Now, what is the break-even point if the time horizon is two years?
c. Now assume that you have to take into account the scooping ability of your employees. Recall that you hired 3 scoopers. Let's assume that one scooper can scoop up 35,000 servings of ice cream per year (that's a LOT of scooping). You have a gut feeling that you have hired either too many or too few scoopers. Do you have too many or too few scoopers?
Answers
Scoops Ice Cream has a break-even point of 17,143 servings of ice cream and a new break-even point of 15,385 servings. To determine if there are too many or too few scoopers, the total estimated servings must exceed the capacity of the hired scoopers.
a. To calculate the break-even point for a time horizon of two years, we need to consider the fixed costs and the contribution margin per unit. The fixed costs consist of equipment costs, store rent, salaries, and other miscellaneous expenses. The contribution margin per unit is the selling price minus the variable unit cost. By dividing the fixed costs by the contribution margin per unit, we can determine the number of servings of ice cream needed to break even.
b. After adjusting the cost per serving and the selling price by 10 cents each, we recalculate the contribution margin per unit. By using the new contribution margin per unit and the same fixed costs, we can determine the new break-even point for a time horizon of two years.
c. To assess if there are too many or too few scoopers, we compare the scooping ability of the hired scoopers with the estimated number of servings they can scoop in a year. If the scoopers' total capacity (35,000 servings per scooper) exceeds the estimated servings needed to meet the break-even point, it indicates that there are too few scoopers. However, if the estimated servings needed are significantly lower than the scoopers' total capacity, it suggests that there are too many scoopers.
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Who is Jake from Statefarm??
Answers
Answer:
my baby daddy.
Explanation:
I forgot to take the pill :(
Answer:
god
Explanation:
jake from state farm is god. *period*
The manufacturer sells the article for a fixed price of $2.00. He guarantees to refund the purchase money to any customer who finds the weight of his article to be less than 8.25 oz. His cost of production is related to the weight of the article by the relation x/15 0.35. Find the expected profit per article.
Answers
The expected profit per article for this manufacturer is $1.10.
Data and Calculations:
Fixed selling price per unit = $2.00
Weight = 8.25 oz
Cost of production = x/15 + 0.35
where x = weight
Total cost of production = 8.25/15 + 0.35
= 0.55 + 0.35
= $0.90
Profit per unit = $1.10 ($2.00 - $0.90)
Thus, the expected profit per article is $1.10.
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How do information systems projects get started in organizations? How are organizational information systems related to company strategy? How does strategy affect the information systems a company develops and uses? Research customer loyalty programs in retail firms. How common are they? What are their primary features? What do you think Jim's next step would be? Why? Why would a systems analyst new to a company be a good choice to lead an important systems development effort?
Answers
Information systems projects can be started in organizations in a variety of ways. Some common methods include:
Top-down initiationBottom-up initiationJoint initiationHow to explain the informationThe strategy of a company can affect the information systems it develops and uses in a number of ways.
Customer loyalty programs are a common way for retail firms to retain customers and encourage repeat business. These programs typically offer rewards to customers who make purchases or engage with the company in certain ways.
In the case of Jim, the next step would likely be to conduct a feasibility study to determine the viability of his proposed customer loyalty program.
A systems analyst new to a company can be a good choice to lead an important systems development effort because they bring a fresh perspective and are not biased by the way things have always been done.
Information systems can be a powerful tool for implementing a company's strategy.
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Which of these careers sound interesting to you? Check all that apply.
Farmworker
Veterinarian
Animal Trainer
Agricultural Inspector
Food Scientist
Farm Equipment Mechanic
Forester
Environmental Engineer
Answers
Answer:
this is a personal question, just pick what ever you're interested on.
hope it helps.
Farmworker, veterinarian, and animal trainer all sound like interesting occupations to me. Thus, the answers (A), (B), and (C) are accurate.
What do you know about Animal Trainer?Animal training is the process of teaching animals precise reactions to particular circumstances or stimuli. Training may be done for friendship, detection, protection, or even enjoyment.
Depending on the training technique employed and the goal for which the animal is being trained, the sort of training an animal receives will differ. A seeing-eye dog, for instance, will be trained to accomplish a different aim than a wild animal in a circus.
There are organizations that certify animal trainers in some nations. They don't have any common objectives or specifications, and they don't stop anyone from using the title or working with animals. Similar to other countries, the United States does not demand any particular accreditation from those who train animals.
The natural actions of an animal should be taken into account by an animal trainer.
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With a probabilistic model, increasing the service level
A. will decrease the level of safety stock
B. will increase the cost of the inventory policy.
C. will reduce the cost of the inventory policy.
D. will have no impact on the cost of the inventory policy.
Answers
With a probabilistic model, increasing the service level will increase the cost of the inventory policy.
The probabilistic inventory model closely reflects the fact that demand will fluctuate from time to time in production and retail. Demand fluctuations can lead to shortages, especially if a merchant only has a small amount of inventory on hand to meet demand during the wait period while replenishment stock is still on the way.
Based on three options, the probabilistic inventory model integrates demand fluctuation and lead time uncertainty. The first is when demand is consistent throughout the lead time but the lead time itself varies, and the second is when demand is constant during the lead time but the lead time itself changes. The third scenario is one in which lead time and demand fluctuate simultaneously.
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write the Express of following numbers. Three times x is 11 and 36
Answers
Answer:
3x + 11 = 32
Explanation:
In this case, expressing means creating an equation that describes
the sum of three times x and 11 is 32.
'Sum' refers to the total while 'is' refers to equals to.
therefore, the total of 3x and 11 = 32
i.e., 3x + 11 = 32
istp
1.Use the results of your personality test and write an essay.
2.Based on the test results write an essay describing your personality, learning style, and communication skills.
3. Post your essay on the "Question" page. Respond to all posts to your essay.
please pwede nyo ba sagutan due date na kasi Yan bucks please
Answers
Answer:
As an ISTP, I am characterized as a practical and logical person who enjoys solving problems and engaging in physical activities. I prefer to work independently and focus on the task at hand rather than engaging in social interactions.
My learning style is hands-on and experiential. I prefer to learn by doing rather than reading or listening to lectures. I thrive in situations where I can apply my knowledge and skills to solve real-world problems. I am good at analyzing complex situations and breaking them down into manageable parts.
When it comes to communication skills, I tend to be concise and to the point. I don't like to waste time on small talk and prefer direct communication. I am a good listener and pay attention to details. However, I may come across as aloof or detached in social situations, which can be misinterpreted by others.
As an ISTP, I have several strengths that I bring to any team or group. I am dependable, practical, and resourceful. I enjoy taking on challenges and coming up with creative solutions to problems. I am adaptable and can work in a variety of settings and situations.
However, there are also some weaknesses that I need to be aware of. I can sometimes come across as insensitive or indifferent to others' feelings, which can lead to misunderstandings and conflicts. I also have a tendency to procrastinate and avoid tasks that I find uninteresting or challenging.
To improve my communication skills, I can work on being more expressive and open with my thoughts and feelings. I can also try to be more patient and understanding with others, even if their communication styles differ from my own. To improve my learning style, I can seek out more opportunities for hands-on experience and experimentation, and try to engage with different learning materials to broaden my knowledge.
Overall, as an ISTP, I am a problem-solver who prefers practical solutions and hands-on experiences. While my communication style may come across as aloof, I am a good listener and pay attention to details. By being aware of my strengths and weaknesses, I can work to improve my skills and become a more effective member of any team or group.
Explanation:
The young men below are in colloquial language, “getting their hustle on!” Explain how their business is a sole proprietorship. Secondly, explain why the government will have a difficult time taxing this type of business.
Answers
These businesses are typically not registered with the government, and they do not have an official structure.
The government may be unwilling or unable to regulate these types of businesses because they are frequently viewed as necessary for economic growth and development.
In colloquial language, the young men below are "getting their hustle on." A sole proprietorship is a type of business that is owned and operated by a single individual. The young men's business can be referred to as a sole proprietorship since they are the sole owners of the business.
They are the ones who started the business, are responsible for all of its operations, and are accountable for all of the profits or losses.The government will have a tough time taxing this type of business for a variety of reasons.
Firstly, these businesses are typically not registered with the government, and they do not have an official structure. As a result, it's difficult for the government to track their activities and evaluate their taxes.
Secondly, many of these businesses operate in the informal sector, and they do not have formal accounting procedures or systems in place. As a result, it's difficult for the government to determine their exact revenue and taxable income.
Thirdly, these businesses are frequently involved in cash transactions, and it's difficult for the government to monitor their cash flow and revenue. As a result, they may not accurately report their earnings or pay the required taxes.
Finally, the government may be unwilling or unable to regulate these types of businesses because they are frequently viewed as necessary for economic growth and development. As a result, they may not be heavily taxed, if at all, since the government may be hesitant to discourage their operations.
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Leah is buying a car. She has saved money for a down payment, and she takes out a loan to finance the rest of the amount owed. How much will Leah have to pay back?
A. The principal only
B. The principal minus the down payment
C. The down payment only
D. The principal plus interest
Answers
Answer:
Answer: D
Explanation:
Leah takes out a loan to finance the rest of the amount owed. She will have to pay back the principal plus interest. The appropriate response is option D.
What is the principal ?The principal of a loan is the sum that was initially borrowed and is still owing. Any accrued but unpaid interest related to the loan is not included in this sum. The phrase can also be used to describe the principal party to a contract or other type of commercial transaction.
The principal serves as the cornerstone upon which everything else is paid off or constructed, respectively, for both loans and investment accounts.
When a debt is incurred by the borrowing of money, interest is the sum that is charged. It may take a company or person some time to pay off a debt, so interest is frequently charged on a regular basis to promote prompt repayment of the initial sum.
Simple interest and compound interest are the two methods for calculating interest. Simple interest is calculated on a loan's principal. Compound interest is often referred to as "interest on interest".
Hence, the appropriate response is option D.
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What are levels of production?
Amount of goods produced
Primary production
Producing at the Secondary level
Tertiary Production
Answers
Answer:
first one
Explanation:
Answer:
first one
Brainless and thanks plz
Explanation:
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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on may 1, 2022, heineken company had beginning inventory consisting of 300 units with a unit cost of $7. during may, the company purchased inventory as follows: 600 units at $7 900 units at $8 the company sold 1,500 units during the month for $12 per unit. heineken uses the weighted average-cost method. the value of heineken's inventory at may 31, 2022 is
Answers
The value of Heineken Company's inventory at May 31, 2022 is $2,250.
The value of Heineken Company's inventory at May 31, 2022, using the weighted average-cost method, can be calculated as follows:
Total cost of goods available for sale = (300 units x $7 per unit) + (600 units x $7 per unit) + (900 units x $8 per unit)
= $2,100 + $4,200 + $7,200
= $13,500
Total number of units available for sale = 300 units + 600 units + 900 units
= 1,800 units
Weighted average cost per unit = Total cost of goods available for sale ÷ Total number of units available for sale
= $13,500 ÷ 1,800 units
= $7.50 per unit
Cost of goods sold = 1,500 units x $7.50 per unit
= $11,250
Ending inventory = (300 units + 600 units + 900 units) - 1,500 units
= 300 units
Value of ending inventory = 300 units x $7.50 per unit
= $2,250
Therefore, the value of Heineken Company's inventory at May 31, 2022 is $2,250.
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Complete the sentences about buying and selling bonds. Like stocks, bonds can be purchased through a(n) _______________. Bonds can also be purchased through a(n) _______________, such as an exchange-traded fund, or directly from the federal government. Bonds are given a rating ranging from _______________. It's probably best not to invest in a bond with a low rating. The two ways to make money from a bond are _______________.
Answers
Answer:
Like stocks, bonds can be purchased through a brokerage firm. Bonds can also be purchased through a mutual fund, such as an exchange-traded fund, or directly from the federal government. Bonds are given a rating ranging from AAA (the highest rating) to D (the lowest rating). It's probably best not to invest in a bond with a low rating. The two ways to make money from a bond are through coupon payments and price appreciation.
Explanation:
Prepare a dialogue on the topic Possibitics of Rural Tourism in Nepal "
Answers
...Sky-Dive... creates new social and economic opportunities, awareness, improve the quality of rural life, and promote sustainable development of communities.
Christopher just received his checking account statement from his bank. He has a NOW account with free checking that pays 0.75% APR on the balance and requires a $500 minimum balance. His statement shows that he currently has a balance of $3,950. In looking at his statement he notices that his car payment check for $400 is still outstanding, and that his recently received payroll deposit of $3,600 had not posted at the time the statement was created. His normal living expenses average $1,500 per month including his car payment. Other than his car loan, he rarely writes any checks as he prefers to use his debit card and ATM card for day-to-day living expenses. He pays his credit card balance in full every month. Other than his checking account he does not own any investments. He has always dreamed of owning a house, and would like to buy one within the next five years. He has access to a 401(k) pension plan at work where his employer will match contributions up to 6% of his salary. He currently contributes 2% of his salary to this plan.Christopher would like to have $20,000 for a house down payment seven years from now. How much money would he need to save every quarter in an investment that pays 9% APR compounded quarterly?
Answers
Answer:
Christopher
He will need to contribute $661.51 every quarter for seven years.
Explanation:
a) Data and Calculations:
To save up to $20,000 for a house down payment seven years from now, Christopher needs to save every quarter:
Results
PMT = $661.51
N (# of periods) = 28
I/Y (Interest per year) = 2.25
PV (Present Value) = 0
FV (Future Value) = $20,000
P/Y (# of periods per year) = 4
C/Y (# of times interest compound per year) = 4
PMT made at the of each quarter
Sum of all periodic savings = $18,522.41
Total Interest = $1,477.59
wuestion in the previous attempt View A vision represents Multiple Choice the CEO's responsibility the guardrails that keep the firm from making bad decisions the future that the firm is trying to create a way to market the firm to consumers. the strategic actions the firm takes.
Answers
The strategic actions the firm takes the guardrails that keep the firm from making bad decisions.
Strategic Actions are initiatives or programmes that go outside of an organization's normal operating activity and are intended to assist it in achieving its strategy. They include implementing change, building capacity to do something new or better, or enhancing performance. Setting goals or objectives, conducting analysis, developing, implementing, and monitoring strategies are the five stages of the process. The strategic management process consists of more than just a set of guidelines. It is a way of thinking about doing business. Based on a company's mission, vision, or goals, strategic decisions are made. Let me give you an illustration. A cat food company manager observes that his clients prefer fresher, higher-quality food over cheap, extremely huge volumes of cat food.
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Need Help ASAP
List three (3) examples of workplace documents?
Answers
Answer:
Messages, memorandums, minutes and agendas are usually workplace documents that are prepared for internal use. That is, these documents are only used and read by people inside your organisation
Explanation:
Which of the following best describes the numbered areas?
a) Areas 1 and 3 are polar, since the membrane molecules are aligned with water molecules.
b) Area 2 is polar, since water has been excluded from this area of the membrane.
c) Areas 1 and 3 are hydrophilic, since membrane molecules formed covalent bonds with water.
d)Area 2 is nonpolar, since hydrogen bonds between the adjacent lipids hold the membrane together.
Answers
Option A is correct. Areas 1 and three are polar, on the grounds that the membrane molecules are aligned with water molecules. Correct.
Where are the polar areas?The polar areas encompass Earth's North and South Poles. The area round the North Pole is referred to as the Arctic. The vicinity around the South Pole is called Antarctica. These areas have special climates.
What are the functions of the molecules in the membrane?Membrane proteins mediate strategies that are essential for the flourishing of organic cells. Membrane-embedded transporters cross ions and large solutes throughout membranes, receptors mediate communication between the cell and its environment and membrane-embedded enzymes catalyze chemical reactions.
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https://brainly.com/question/1768729#SPJ43. Which of the following would NOT be a factor that affects which products a retailer chooses
to select to offer in a store?
A. Local customer preferences
B. Manufacturer incentives
C. Employee preferences
D. The store's location
ailor's
Answers
Employee choices wouldn't have any influence on the products a retailer selects.
What elements influence retail stores? What are the top five most crucial elements for a retail market?Location, marketing, shop design and appearance, service and selection, and bundle selling are the five pillars of retail success. Let's examine how each of them can assist you in starting a profitable retail business.
What are the seven elements that influence where an industry is located?The seven variables that affect whether or not an industry is established are: the supply of materials, labour, capital, market access, the availability of a plentiful supply of electricity, transport modes like railroads and roads for the road transport of finished goods and raw materials, and the availability of land.
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Gina is about to use a fire extinguisher on a small fire.
What factor determines the type of extinguisher she
should use?
Answers
generally, courts allow the party who has ______ to be paid the full amount of the contract price less any costs suffered.
Answers
Generally, courts allow the party who has performed their contractual obligations to be paid the full amount of the contract price less any costs suffered.
In contract law, the principle of "performance" plays a crucial role. When a contract is formed, the parties involved have certain obligations to fulfill. If one party fulfills their obligations and performs as required by the contract, they are generally entitled to receive the full amount of the contract price, minus any costs they have incurred.
The party who has performed their contractual obligations is considered to have fulfilled their part of the agreement and has upheld their end of the bargain. Therefore, courts recognize their right to be paid the full contract price they are entitled to, as specified in the terms of the agreement.
This approach encourages parties to honor their contractual obligations and provides a legal framework that promotes the enforcement of contracts based on the principle of performance. It helps maintain fairness and accountability in contractual relationships by ensuring that the party who has fulfilled their duties receives the appropriate compensation for their performance.
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describe the functions of SARB
Answers
Answer:
The Reserve Bank's responsibilities include formulating and implementing monetary policy, promoting financial stability, issuing banknotes, providing banking services to government, operating the high-value payments system, managing Australia's foreign reserves and setting payments system policy.
The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions.
▪▪▪Cutest Ghost▪▪▪BALSAM Company manufactures and sells guitars for beginning students.Their income statement for April was as follows: Sales Revenue $600.000 Less:Cost of Goods Sold 400,000 Gross Margin (Profit) 200,000 Less:Operating Expenses: Selling expenses 60.000 Administrative expenses 90,000 : 150.000 Net Operating Income ` $50,000 The product sells for S300 each.Variable selling expenses are $20 per unit sold with the remaining selling expenses being fixed.The administrative expenses are 40% fixed. The company's manufacturing costs are 25% fixed,with totalivariable manufacturing costs of $150 per unit Required:
Prepare an income statement using the contribution margin approach in suitable and detailed form and then show your all calculations that are being made.
Answers
Contribution margin refers to the amount of money remaining from sales revenue once variable expenses have been subtracted. It is the amount available to pay fixed costs and provide a profit for the company.
Cost of Goods Sold ($150 x 2,000 units) $300,000 Variable Selling Expenses ($20 x 2,000 units) $40,000 Total Variable Costs $340,000 Contribution Margin $260,000 Fixed Costs: Manufacturing ($100,000 x 25%) $25,000 Selling ($60,000 - $40,000) $20,000 Administrative ($90,000 x 40%) $36,000 Total Fixed Costs $81,000 Net Operating Income $179,000 Note: In the calculation of variable cost, the cost of goods sold ($400,000) is divided by the number of units sold (2,000 units) to get the variable cost per unit ($200). In the calculation of fixed cost, the total manufacturing costs ($100,000) is multiplied by the percentage that is fixed (25%) to get the fixed manufacturing cost ($25,000).
Similarly, the total administrative expenses ($90,000) is multiplied by the percentage that is fixed (40%) to get the fixed administrative expense ($36,000). The contribution margin ($260,000) is then used to subtract the fixed costs ($81,000) to arrive at the net operating income ($179,000).
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