Data quality problems are especially problematic for hospitals or physicians' practices because they may result in audits, investigations, and/or fraud charges. The correct option is B)
Hospitals and physicians' practices rely heavily on accurate and timely data to provide effective healthcare services. Data quality problems such as inaccuracies, inconsistencies, and incompleteness can lead to errors in diagnosis, treatment, and billing, which can result in legal and financial consequences.
Inaccurate data may also result in reduced reimbursements from insurance companies or government programs such as Medicare and Medicaid, which can significantly impact the financial stability of hospitals and physicians' practices.
Moreover, the consequences of data quality problems in healthcare can extend beyond financial and legal issues. Patients rely on accurate medical records and data for continuity of care, and errors in this information can compromise patient safety and trust in the healthcare system.
As such, ensuring high-quality data is a critical aspect of providing quality healthcare services, and hospitals and physicians' practices must invest in data governance and quality management processes to mitigate the risks associated with data quality problems.
Thus, B) is the correct option.
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The formula for using monthly advertising expenditure to predict monthly sales revenue for a certain company is Y' = 1.81X + 5843 (all values in dollars). This indicates that a. the company is wasting money on advertising b. 5843 is spent on advertising each month c. each dollar spent on advertising increases revenue by $1.81 d. spending 5843 dollar on advertising increases sales by a factor of 2
The correct answer is c. Each dollar spent on advertising increases revenue by $1.81.
In the given formula, Y' represents the predicted monthly sales revenue, X represents the monthly advertising expenditure, 1.81 is the coefficient of X, and 5843 is a constant term.
The coefficient of X (1.81) indicates the relationship between the advertising expenditure and the predicted sales revenue. In this case, for each dollar spent on advertising (X), the predicted sales revenue (Y') increases by $1.81. Therefore, option c is the correct answer.
Option a is incorrect because the formula does not suggest that the company is wasting money on advertising. Option b is incorrect because 5843 is not the amount spent on advertising each month but rather a constant term in the formula. Option d is incorrect because the formula does not provide information about the specific effect of spending $5843 on advertising.
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Project A costs $45,000 with cash inflows of $34,200 in year 1 and $28,700 in year 2. Project B costs $59,200 with cash inflows of $21,900 in year 1 and $59,200 in year 2. These projects are independent and have an assigned discount rate of 15 percent. Based on the profitability index, what is your recommendation concerning these projects?
A. Accept both projects.
B. Reject both projects.
C. Accept Project A and reject Project B.
D. Accept Project B and reject Project A.
E. Accept either project but not both projects.
The profitability index (PI)of Project B is greater than one, and it is recommended that the project be accepted. The correct option is (A) Accept both projects.
The profitability index (PI) helps in determining the attractiveness of an investment opportunity. The PI is computed by dividing the present value of an investment’s future cash flows by the initial investment cost. The decision rule is to accept the investment opportunity if the PI is greater than or equal to 1.
Project A and B costs $45,000 and $59,200 respectively with cash inflows of $34,200 in year 1 and $28,700 in year 2 for Project A and $21,900 in year 1 and $59,200 in year 2 for Project B.
Using a 15% discount rate and applying the Present Value (PV) formula; PV = FV/(1+r)n for each cash inflow, the following tables are formed:
TABLE A: Calculation of Present Value for Project A
Year Cash inflows Discount Rate PV = Cash inflows / (1+r)^n
Year 1: $34,200 / (1 + 0.15)^1 = $29,739.13
Year 2: $28,700 / (1 + 0.15)^2 = $21,841.47
Total PV of cash inflows from Project A = $29,739.13 + $21,841.47 = $51,580.60
TABEL B: Calculation of Present Value for Project B Year
Cash inflows Discount Rate PV = Cash inflows / (1+r)^n
Year 1: $21,900 / (1 + 0.15)^1 = $19,043.48
Year 2: $59,200 / (1 + 0.15)^2 = $44,778.76
Total PV of cash inflows from Project B = $19,043.48 + $44,778.76 = $63,822.24
Calculating the Profitability Index for each project:
PI for Project A = $51,580.60 / $45,000 = 1.146
PI for Project B = $63,822.24 / $59,200 = 1.076
From the calculations above, the PI of Project A is greater than one, and it is recommended that the project be accepted. Also, the PI of Project B is greater than one, and it is recommended that the project be accepted. The correct option is (A) Accept both projects.
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How do economists attempt to predict the next business cycle? (leading economic indicator, Dow Jones
Industrial Average, leading economic index, econometric models)
I need very quickly please!
Answer:
Leading economic indicator.
Explanation:
Leading economic indicators are objective data regarding the economy of a given country or region, which allow projections of future development of the economy of that place. Thus, based on data such as the current economic performance of the place, inflation, the exchange rate, the unemployment rate, etc., projections can be made about how the future economic cycles of the place will develop.
What are the primary entry barriers in the soft drink industry?
The primary entry barriers in the soft drink industry are as follows:
Brand RecognitionProduction CostsAdvertising and Marketing
We proceed to analyze the barriers to entry into the soft drink industry:
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Career pathways never overlap.
True
OB.
False
Answer: The answer is B. False. I got this question on my test and got it right.
In terms of the technical component of a message strategy, _____ refer(s) to specific requirements such as addresses, logos, and slogans. Group of answer choices copy points work plans rationale mandatories copy platforms
Rational mandates are particular specifications like addresses, logos, and slogans that are part of the technical aspect of a communication strategy. Option 3 is Correct.
The message strategy or approach consists of three parts: technical, nonverbal, and vocal. The technical component outlines the ideal executive strategy and mechanical result, as well as any financial and time constraints (typically set by the media concerned). A communication plan is required for each key audience and influential group.
The messaging strategy consists of three components: positioning, positioning, and key messages. A copy strategy is another name for a creative strategy. TRUE: A creative brief, work plan, copy strategy, or copy platform are some other names for the creative strategy. The creative approach is a straightforward written list of the most critical factors to take into account. Option 3 is Correct.
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Correct Question:
In terms of the technical component of a message strategy, _____ refer(s) to specific requirements such as addresses, logos, and slogans. Group of answer choices
1. copy points
2. work plans
3. rationale mandatories
4. copy platforms
distinguish between products tax and production tax
Answer:
Some examples of production taxes are land revenues, stamps and registration fees and tax on profession. Product taxes are paid on the actual volume of production. It is paid per unit of product. For example, excise duty, service tax, sales tax etc.
Double entry Received commission by Cheque
Answer:
congratulations sirr
Explanation:
ask any question or queries not other things
sorry if this was hurtful to you
breilfy explain the differenc between discentionary and mandatory government spending
Answer:
The difference between discentionary and mandatory government spending is whether spending is dictated by prior law or voted on in the annual appropriations process.
Explanation:
Discentionary spending is money formally approved by the government during the appropriations process each year.
Mandatory spending is based on laws previously enacted that dictate the money budgeted for spending each year.
Discretionary government spending refers to a type of spending where the spending budget is subject to change yearly as determined by Congress, while mandatory government spending refers to the portion of the federal budget that is required by law and does not require annual congressional approval.
What is government spending?The term government spending refers to the use of public funds by a government to pay for various goods, services, and programs that are intended to benefit society.
There are basically two type types of government spending:
discretionarymandatoryFor example, spending on things like defense, education, and transportation constitutes discretionary spending as the amount to be spent each year can change based on the discretion of Congress. While spending on things like social security and medicare constitutes mandatory spending as they require no congressional approval.
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Planning includes tasks related to each of the ____ project management knowledge areas.
Planning includes tasks related to each of the ten project management knowledge areas.
Project management is the planning and coordination of a company's resources to advance the completion of a particular work, event, or duty. Managed resources include people, money, technology, and intellectual property, and they can be used for one-time projects or ongoing operations.
Project management is frequently linked to industries like engineering, building, and, more recently, healthcare and information technology (IT), which frequently require a complicated set of components to be finished and connected in a certain way to produce a usable output. A project's preparation, start, execution, monitoring, and closure are all fundamental components of project management.
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Spackel Corporation recorded the following events last year: Issuance of shares of the company's own common stock $ 380,000 Purchase of long-term investment $ 40,000 Dividends paid to the company's own shareholders $ 18,000 Cash paid to suppliers for inventory purchases $ 12,000 Repayment of principal on the company's own bonds $ 370,000 Interest paid to lenders $ 6,000 Collection by Spackel of a loan made to another company $ 110,000 Purchase of equipment $ 350,000 On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities. Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be: Multiple Choice $(280,000) $(760,000) $(1,286,000) $(390,000)
Answer:
$(280,000)
Explanation:
The computation of the net cash provided or used by investing activities is given below:
Purchase of long-term investment -$40,000
Collection by Spackel of a loan made to another company $110,000
Purchase of equipment -$350,000
Net cash used by operating activities -$280,000
Nico bought 100 shares of Cisco Systems stock for $24.00 per share on January 1, 2002. He received a dividend of $2.00 per share at the end of 2002 and $3.00 per share at the end of 2003. At the end of 2004, Nico collected a dividend of $4.00 per share and sold his stock for $18.00 per share. What was Nico's realized return during the three year holding period? What was Nico's compound annual rate of
Answer:
12.5%
Explanation:
It is given that :
Nico bought shares from Cisco Systems = 100 shares
The stock of 100 shares on 1st Jan 2002 = $ 24 per share
At the end of 2002, Nico received a dividend = $ 2 per share
At the end of 2003, Nico received a dividend = $ 3 per share
At the end of 2004, Nico received a dividend = $ 4 per share
Nico sold his stock = $ 18 per share
Therefore,
The holding period \($=\frac{(\text{dividend + end value - initial value })}{\text{initial value}}$\)
\($=\frac{(\$2+\$3+\$4)+\$18-\$24}{\$ \ 24}$\)
\($= 12.5 \%$\)
Assume your balance is back at $0. You desperately want a TV for your bedroom, but you don’t have any money saved. You put the $229 TV on your credit card and make the minimum monthly payment each month.
How much is that minimum payment?
Answer:
19.0833333333
Explanation:
Since there is 12 months a year in total, it will cost $19.0833333333 a month
Answer:
$19.08
Explanation:
Is it surprising to you that a relatively small company like sunny delight could end up with so many different analytics tools? how might the fact that sunny delight has changed ownership multiple times have impacted the number and variety of bi tools being used? 2. what are some of the trade-offs of a move to an enterprise-level analytics solution for individual end users who might have grown accustomed to working with their own customized solutions for generating data? 3. according to a recent report by gartner, most business users will have access to some sort of selfservice bi tool within the next few years; however, gartner estimates that less than 10 percent of companies will have sufficient data governance practices in place to prevent data inconsistencies across the organization. why do you think so many companies continue to invest in new analytics tools without implementing governance programs that ensure data consistency?
Yes, it is surprising that a relatively small company like Sunny Delight uses too many analytics tool. To understand profits and margins, one tool is sufficient for their reports.
Yet, Sunny Delight is a corporation that makes use of several cloud-based, self-service business intelligence solutions.
When switching from an individually personalised solution to an enterprise level solution, some trade-offs are necessary.
In the enterprise-level solution, users must be granted a certain amount of control over their data.
Training should be provided to employees using tailored analytics so they can apply methods for enterprise level solutions.
The corporate level solution needs to be user-specific and pleasant, as well as environmentally responsible.
It is important to give orientation and training so that the user becomes comfortable with the new technology.
Although investing in analytical tools helps the firms manage the enormous quantity of data that creates each day, too many businesses continue to do so without putting governance procedures in place that guarantee data consistency. These BI tools assist in creating a database of useful data from begin.
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Used by many smaller companies to help streamline procurement or distribution processes, ________ is an internet site whose purpose is to be a major starting point for users when they connect to the web.
Used by many smaller companies to help streamline procurement or distribution processes, a web portal is an internet site whose purpose is to be a major starting point for users when they connect to the web.
What is Web Portal?
An information single point of access, or web portal, is a website that has been specifically developed for this purpose. It might also be thought of as a collection of organized and personalized content. In addition to offering functions like task management, collaboration, business intelligence, and application integration, a web portal typically assists with search navigation, customization, alerting, and information integration. Web portals frequently offer access control and procedures as well as a specific appearance and feel for businesses and organizations. They are reachable through a variety of platforms, including desktop computers, mobile phones, and other electronic devices.
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Which of the following best describes the primary functions of a central bank? select the correct answer below
The statement that best describes the primary functions of a central bank is an institution that conducts a nation's monetary policy and regulates its banking system.
What are functions of central bank?A central bank, is a financial institution that have a privileged control over the production and distribution of money and credit for a nation or a group of nations. In modern economies, the bank is responsible for the formulation of monetary policy and the regulation of member banks.
They are inherently non-market-based or even anti-competitive institutions. Although some are nationalized, many of other central banks are not government agencies and are often touted as being politically independent. However, it is not legally owned by the government because its privileges are established and protected by law.
The main feature of a central bank is its legal monopoly status, which gives it the privilege to issue banknotes and cash. Only the private commercial banks are only permitted to issue demand liabilities, such as checking deposits. Therefore, the primary functions of central bank is conducting a nation's monetary policy and regulates its banking system..
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Why is it important to know the timeframe when working towards your savings goals?
Knowing the "when" of your financial goals is crucial because investing for short-term versus long-term goals differs, depending on how long you can keep your money invested, you will need to adopt a different investing approach.
What exactly do you mean by "timeframe of saving goals"?The framework of saving goals involves the time period for which an individual has been planning to save the amount. The planning framework can be of short term or long term.
Examples of short-term goals include: getting a new car or paying off student loans, whereas long-term objectives could be things :like putting money down for retirement, funding your children's education, or purchasing a second house.
Setting a deadline for achieving your goal can be helpful after you know how much money you need to save and your savings objective. This will encourage you even more to make progress toward your financial objectives.
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what are the pros and cons of implementing the just-in-time (jit) inventory system? do the pros outweigh the cons for this company?
The just-in-time (JIT) inventory system has many pros and cons. On the positive side, it can help reduce inventory costs by only ordering and receiving products when they are needed. This can also help free up warehouse space. Additionally, JIT can lead to faster turnaround times and more efficient production processes.
However, JIT is reliant on timely delivery of goods and can leave a company vulnerable if suppliers experience delays or shortages. It also requires strong communication and coordination with suppliers, which can be difficult to maintain. Ultimately, whether the pros outweigh the cons for a company depends on the specific circumstances of that company's operations and supply chain management. Pros of implementing JIT include reduced inventory costs, increased efficiency, improved cash flow, and enhanced customer satisfaction due to quicker response times. However, the cons are potential supply chain disruptions, increased dependence on suppliers, and a lack of inventory buffer in case of demand fluctuations.
To determine if the pros outweigh the cons for a specific company, it's crucial to analyze the company's supply chain stability, supplier relationships, and ability to manage demand fluctuations effectively. If these factors are favorable, the benefits of JIT may indeed outweigh the drawbacks.
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Why do you think it is important to understand GDP?
What is the difference between a bank and a retail bank?
The main difference between a bank and a retail bank is the type of customer they serve.
A bank is a financial institution that offers a variety of services, such as loan and deposit products, investment services, and financial advice. A retail bank is a type of bank that specializes in consumer banking, typically offering services such as savings and checking accounts, loan and credit products, debit cards, and other consumer-focused products and services.
A bank typically serves both retail and commercial customers, whereas a retail bank focuses exclusively on consumer banking. This means that retail banks tend to offer products and services that are tailored to meet the needs of individual consumers.
Additionally, retail banks are typically smaller in size than banks and have fewer branches, making them more accessible to consumers. They also tend to have shorter wait times and more personalized customer service, which can be beneficial for those who need more time and attention when it comes to their banking needs.
Overall, a bank and a retail bank both provide financial services, but they serve different customer types and offer different products and services. Banks focus on commercial customers, while retail banks focus on consumer banking.
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ABC Corp purchased a conference room table on July 1, 2014 for $2,800. The estimated salvage (disposal) value is $400.00 and the estimated useful life is 5 years. What is the accumulated depreciation at the end of 2017?
Answer:the guuy up top is right
Explanation:
The Subotnick Financial Services Center at Baruch includes a replica of a trading floor.
True
False
The statement "The Subotnick Financial Services Center at Baruch includes a replica of a trading floor" is true. The Subotnick Financial Services Center, which was completed in 2002, is located at the Baruch College campus in New York City, and it includes a replica of a trading floor that is used for educational purposes and hands-on learning experiences.
The Subotnick Financial Services Center is a state-of-the-art financial lab that has 56 Bloomberg terminals, as well as other tools and resources that are used by students and faculty for teaching, research, and consulting services. The center is designed to provide students with practical knowledge and real-world experience in the field of finance.
It allows students to simulate financial transactions and analyze market trends in a realistic environment, which helps to prepare them for careers in finance and related fields. In conclusion, the statement "The Subotnick Financial Services Center at Baruch includes a replica of a trading floor" is true.
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Please provide your thinking about Against the backdrop of modern issues, norms and nuances, discuss why the concept of "Employment-at-will" should or should not be a prevailing practice in today’s employment arena.
The concept of "employment-at-will" is a legal doctrine that allows employers to terminate an employee at any time for any reason or no reason, as long as the reason is not illegal or discriminatory.
One argument for the employment-at-will doctrine is that it provides flexibility for employers to make business decisions based on changing circumstances, without having to worry about legal consequences or contract disputes. It also allows employers to hire and fire employees based on performance and productivity, which can promote a merit-based system.
However, there are several reasons why the employment-at-will doctrine should not be a prevailing practice in today's employment arena. One reason is that it can lead to a power imbalance between employers and employees, where employees are more vulnerable to exploitation, discrimination, or abuse. This can be especially problematic for workers who belong to marginalized groups or who lack bargaining power, such as low-wage or temporary workers.
Another reason why the employment-at-will doctrine is controversial is that it can undermine job security and stability, which can have negative consequences for employees' mental health, financial well-being, and social status. Employees who are constantly worried about losing their jobs may be less likely to speak up about workplace issues, challenge unfair treatment, or take risks that could benefit the company.
Moreover, the employment-at-will doctrine can conflict with other legal protections, such as antidiscrimination laws, labor laws, and whistleblower protections. For instance, an employer could terminate an employee for reporting safety violations or speaking out against discrimination, which would violate the employee's legal rights.
In conclusion, while the employment-at-will doctrine has some advantages, it is not a sustainable or ethical practice in today's employment arena. Instead, employers should adopt more fair and equitable policies that respect employees' rights, promote job security and stability, and foster a culture of trust and respect in the workplace.
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Annoying isn't it. When people purposely answer your question when they know it's completely useless. Kinda like how I specifically told people NOT to answer the questions I asked because I was doing an experiment, and every time I did that, two people purposely answered my question when they were told not to.
People are d. i. c. k. s.
Answer:
wow
Explanation:
I'm gonna type a random answer
How did the McDonald brothers show persistence when they moved their restaurant?
The McDonald brothers showed persistence by overcoming setbacks and innovating to create a more efficient restaurant model, which eventually led to the establishment of McDonald's as a global brand.
The McDonald brothers, Richard and Maurice McDonald, demonstrated persistence when they moved their restaurant by:
1. Overcoming setbacks: The McDonald brothers faced various challenges throughout their journey. They initially operated a drive-in restaurant but encountered issues with carhop service, leading them to rethink their approach. They temporarily shut down their business to reorganize and develop a new concept that focused on speed and efficiency. Despite setbacks, they persevered and sought a better way to run their restaurant.
2. Innovating and adapting: The McDonald brothers were determined to create a more streamlined and efficient restaurant model. They introduced the concept of a self-service system with a limited menu, where customers could order at a window and receive their food quickly. This idea was groundbreaking at the time and required significant innovation and adaptation. They designed their kitchen layout to optimize efficiency, utilizing assembly line techniques to speed up food preparation. Their persistence in finding a better way to operate their restaurant led to the development of the fast-food concept that revolutionized the industry.
3. Moving forward despite initial failures: After successfully implementing their new restaurant model in San Bernardino, California, the McDonald brothers wanted to expand their concept further. They faced numerous rejections and setbacks while trying to franchise their system. However, they did not give up and continued to promote their innovative ideas. Their persistence eventually paid off when they met Ray Kroc, who became their franchise agent and helped establish the McDonald's brand worldwide.
4. Protecting their vision: When the McDonald brothers decided to franchise their restaurant, they encountered conflicts with Ray Kroc regarding control and the preservation of their original concept. Despite facing pressure to compromise their vision, they persisted in protecting the integrity of their brand and the quality of their food. They engaged in legal battles and negotiated fiercely to maintain the standards they had set. While ultimately they lost control of the company, their persistence in defending their original vision demonstrated their unwavering commitment to their ideals.
Overall, the McDonald brothers' persistence was evident in their ability to overcome setbacks, innovate and adapt, push through initial failures, and protect their original vision. These qualities played a crucial role in their success in transforming the restaurant industry and establishing McDonald's as a global powerhouse.
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A short run production function of a competitive firm is given by Y= 6L^(2/3) where Y represents the units of output while L is the labour required. If Price (P)= 3 and Wage (W)= 6, how many units of labour (L) will the firm hire?
I need help with this, thank you!!!!!!!!!
Answer:
Economists often use a short-hand form for the production function: Q=f[L,K] Q = f [ L , K ] , where L represents all the variable inputs, and K represents all the fixed inputs.To determine the optimal capital-labor ratio set the marginal rate of technical substitution equal to the ratio of the wage rate to the rental rate of capital: K L = 30 120 , or L = 4K. Substitute for L in the production function and solve where K yields an output of 1,000 units: 1,000 = (100)(K)(4K), or K = 1.58.The production function is f(x1, x2) = x1/21x1/22. If the price of factor 1 is $12 and the price of factor 2 is $24, in what proportions should the firm use factors 1 and 2 if it wants to maximize profits? x1 = 2x2.There is no difference between fixed and variable factors of production. There are 3 stages namely, increased returns, constant returns, and decreasing returns, and no stage is considered best for the long run.Least Cost Rule: production at least cost requires the ratio of labor's marginal product to its price equals the ratio of capital's marginal product to its price. The amounts of labor and capital employed must be adjusted, all the while keeping output constant, until this condition is achieved.
Explanation:
The following information relates to the Thomas Taylor Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2016 $ 65,200 100 December 31, 2017 106,560 120 December 31, 2018 114,444 132 December 31, 2019 130,287 137 December 31, 2020 122,980 143
Use the dollar-value LIFO method to compute the ending inventory for Taylor Company for 2016 through 2020.
Ending Inventory
2016 $
2017 $
2018 $
2019 $
2020 $
Given: the following information about Thomas Taylor company is given.
2016:
Ending inventory = $65,200 (given)
LIFO layer = $65,200 - $65,200 = $0
2017:
Ending inventory = $106,560 (given)
LIFO layer = $106,560 - $65,200 = $41,360
2018:
Ending inventory = $114,444 (given)
LIFO layer = $114,444 - $106,560 = $7,884
2019:
Ending inventory = $130,287 (given)
LIFO layer = $130,287 - $114,444 = $15,843
2020:
Ending inventory = $122,980 (given)
LIFO layer = $122,980 - $130,287 = ($7,307)
Note that in 2020, the LIFO layer is negative, which means that the inventory value has lower compared to the previous year. This is unusual but can happen when the prices of goods fall.
so, we can calculate the ending Inventory for each year:
2016: $65,200
2017: $106,560
2018: $114,444 + $7,884 = $122,328
2019: $130,287 + $15,843 = $146,130
2020: $122,980 - $7,307 = $115,673
thus, the ending inventory for Taylor Company using the dollar-value LIFO method for 2016 through 2020 is:
2016: $65,200
2017: $106,560
2018: $122,328
2019: $146,130
2020: $115,673
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3. Effects of a government budget deficit
Consider a hypothetical open economy. The following table presents data on the relationship between various real interest rates and national saving,
domestic investment, and net capital outflow in this economy, where the currency is the U. S. Dollar. Assume that the economy is currently experiencing a balanced government budget.
The relationship between net capital outflow and net exports implies that the economy is experiencing a trade deficit.
What is a trade deficit?A trade deficit simply means a situation when the value of the import is more than the value of the export in the country.
In this case, the relationship between net capital outflow and net exports implies that the economy is experiencing a trade deficit.
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If you can choose to produce
televisions and phones, and you
produce 100% televisions, how many
phones can you produce?
A. 0%
B. 25%
C. 50%
D. 100%
strategic change involves improving an organization's alignment among which of the following? question 2 options: a. strategy, organization design, and environment b. strategy, organization design, and technology innovation c. technology innovation, organization design, and environment d. strategy, environment, and survey/feedback
The correct answer is option a. Strategic change involves improving an organization's alignment among strategy, organization design, and environment.
Strategic change is referred as the process of implementing of changes to important features of a business. For example in response to new market threats or opportunities. Upper management and the Chief Executive Officer in particular brace the responsibility for this change
Strategic change focuses at giving companies a competitive advantage in their market. It is known as the big-picture business change which is design to help companies and the increase revenue. Strategic change is distinguished as a complex change which includes four independent but each other interconnected areas- technical, organizational, methodical and social changes.
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