Denials can occur as a result of errors that occur at various points in the revenue cycle. Identify at least one error that can occur at the beginning, middle and end of the revenue cycle. Each error must be different and related to each phase of the revenue cycle. Recommend steps that can be implemented to rectify each error identified and include in your recommendation how data analytics can be utilized to help with the solution. Remember to support your initial response with at least one additional outside sources (other than your textbook and the videos). At least one of your response posts should contain at least one additional outside resource. See Syllabus Part 2 for details related to length of posts and acceptable outside resources.
subject: HCMG 750

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Answer 1

Answer:

Hi bro

Explanation:


Related Questions

Can a business enter into a transaction that affects only the left side of the basic accounting equation? if so, give an example.

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Yes, a Business can enter into a transaction that affects only the left side of the basic accounting equation.

Can a business really enter into such a transaction? Explain with an Example.

Yes, a company can engage in a transaction that only affects the left side of the accounting equation. A transaction where a rise in one asset is balanced by a fall in another asset serves as an illustration. One particular example is an increase in the equipment account that is balanced out by a drop in the cash account.

What is on the left side of the Balance Sheet and in the accounting equation?

The items that your practice possesses and have a monetary worth are its assets. Your assets consist of tangible goods like cash, stock, and privately held real estate and equipment, as well as marketable securities (investments), pre-paid costs, and money owing to you (accounts receivable) from payers. Intangibles with value like registered patents or trademarks are also considered assets.

Assets are categorized on a balance sheet according to how rapidly they are anticipated to be sold, used up, or converted into cash. Fixed assets, such as buildings and equipment, are listed after current assets, such as cash, accounts receivable, and short-term investments, on the left side and are then summed. They are found on the left side of the Balance sheet.

Therefore, Yes a business enters into a transaction that affects only the left side of the basic accounting equation.

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When is the present value of distress costs likely to exceed the present value of the tax shield from debt?

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At high levels of debt, the present value of distress costs is likely to exceed the present value of the tax shield from debt.

What is Distress Cost?Distress cost is the additional expense, such as a higher cost of capital, that a company in financial distress must pay.Companies that are struggling often have a harder time paying their debts, which increases the likelihood that they will default. In order to meet urgent needs, assets may need to be sold fast and at a loss due to distress costs.Other costs associated with distress include diminished staff morale and productivity.Ex-ante expenses—those incurred before the event—and ex-post costs—those incurred after the event—such as bankruptcy—are the two categories of distress costs.

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When workload heavily increased, a company maintained service performance by manually installing an additional load balanced server. What feature of the it architecture allowed this to occur?

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Scalability is the feature that the allows the company maintained service performance by manually installing an additional load balanced server.

What is scalability?

This is the term that is used to refer to the fact that a thing can be changed in its size or in its form. It has to do with the ability of a business to grow in size without having anything that would hamper its growth.

Here we can see that the growth in the workload did not affect the performance of the company. Despite the fact that they grew, they still continued to maintain  installing an additional load balanced server. Hence the answer is scalability.

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Which of these is not a result of the federal government spending more than it earns? group of answer choices budget deficits budget surpluses increased national debt increased taxes

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There are no tax increases because the federal government spends more than it receives.

A budget deficit occurs when the federal government spends more money than it collects in taxes in a given year. conversely, if the government receives more taxes than it spends each year, it creates a budget surplus.

The two leading causes of budget deficits are excessive government spending and low tax rates that do not cover spending. tax cuts can reduce revenue and create budget deficits. also, a significant fiscal stimulus could push government spending higher than revenue.

Government spending increases aggregate demand, leading to higher prices. according to the law of supply, higher prices stimulate more production. as a result, more jobs will be created. increased demand leads to lower unemployment and higher production.

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Licensee alex is doing a buyer presentation for the reynolds family. she explains that she would be committed to helping them find a property that will best meet their needs. she will work around their second-shift schedules whenever possible, and always returns calls within the same business day unless she is with another client. which quality does this demonstrate?

Answers

This demonstrates versatility, resilience, and responsiveness to change quality.

'Versatility'

'versatility' refers to an worker's wide-ranging skill set and their capacity to accomplish numerous tasks or roles throughout an institution, as illustrated by the 'generalist' or 'all-rounder' we read about in numerous job ads.

Resilience

Resilience is a technique that helps employees tackle stress, a competitive job market, workplace disputes, and address challenges on the job. Enhancing resilience is important because workers identify work as one stressor in their lives.

Why is responsiveness important in the workplace?

Your ability to fast respond to your peers' appeals for assistance or data can prevent avoidable project delays and mistakes. Responsiveness leads to better team cooperation and performance.

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Which additional information would the housing counselor need to prepare a household budget for this client?

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Documentation of life insurance payout additional information would the housing counselor need to prepare a household budget. A household budget is a plan for manage the resources and expenses of a home that consists of one or more people living in the same residence. You may build a plan for saving money by creating a budget, which also helps you understand where your money goes each month.

You can simply manage your spending, save money, and more easily keep track of and accomplish your financial objectives if you have a household budget in place. Example of household budget are food, auto etc.

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In which stage of the product life cycle will promotional expenditures be especially high in an attempt to create consumer awareness?

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In introduction stage of the product life cycle will promotional expenditures be especially high in an attempt to create consumer awareness.

Because the introduction stage in the product life cycle is when a new product is introduced, and the company sales are small. The organizations undergo several marketing and promotional activities to attract customers who are unaware of the products.

Product life cycle is the length of time from a product first being introduced to consumers until it is removed from the market.

Organization refers to a collection of people, who are involved in pursuing defined objectives.

Customers are people who buy goods and services from sellers in exchange of money.

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An expensive electronics store decides to lower the prices on all of its laptop computers. according to the law of demand, what outcome can the electronics store expect?

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More customers will be interested in buying its laptops is an outcome can the electronics store expect, According to the law of demand.

What is law of demand?The law of demand, a cornerstone of microeconomics, asserts the inverse relationship between price and quantity desired.In other words, "conditioning on all other things being equal, the quantity demanded will drop as the price of a good increases; conversely, the amount demanded will increase as the price of a good lowers."When we say that a person's demand for anything increases, we imply that he will buy more of it than he would have at the previous price and that he will buy as much at the previous price, according to Alfred Marshall.

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Answer: more customers will be interested in buying its laptops

Explanation:

i took the test

The Retained earnings account has a credit balance of $50,000 before closing entries are made. Services revenue for the period is $68,200, wages expense is $46,300, and dividends are $14,200. What is the correct closing entry for the expense accounts

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The correct closing entry for the expense accounts will be Debit Revenue accounts $68,200; credit Income Summary $68,200.

At the conclusion of an accounting period, a closure entry is performed to move balances from a temporary account to a permanent account.

Companies use closure entries to reset temporary accounts, which show balances for a particular accounting period, to zero. In doing so, the company transforms these balances into accounts that will always be present on the balance sheet. These continuous accounts show a business's past financial data.

An illustration of a closing entry is when you add up all the revenue and expense account totals at the end of an accounting period to an income summary account, which effectively makes the account balance in the income summary account the net profit or loss for the period. Then, you shift the balance to the retained earnings account from the income summary account.

The net income or loss for the period is accumulated in the retained earnings account, and the temporary account balances are reset to zero so they can be used once more to store period-specific amounts in the following accounting period.

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News that has been ""discounted"" by the market is reflected in the ________ portion of the total return

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News that has been ""discounted"" by the market is reflected in the expected portion of the total return. Total return is the actual rate of return on an investment or pool of investments over a specified evaluation period and is used to measure performance. Interest, capital gains, dividends, and distributions that are realized over time are included in total return.

The two types of returns that are included in total return are income, which includes interest from fixed-income assets, distributions, or dividends, and capital appreciation, which represents the change in the asset's market price. The real rate of return on an investment.

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Which report presents data that is distributed inside the organization and is intended for employees within an organization?

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Answer:

internal reports is the answer.

Internal reports presents data that is distributed inside the organization and is intended for employees within an organization.

An internal report is a document which is designed to be viewed and evaluated only by individuals working within the organization. It contains data which is intended only for employees within an organization.

An organization's internal reports should be carefully identified as they contain sensible information about the business, indicators, health, finance, sales, marketing, human resources, performance and development in different areas.

Hence, companies often protect themselves by classifying these documents properly as confidential, in order to avoid accidental or intended disclosure.

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Which are characteristics of strategy formulation? (choose every correct answer.)

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1.) It is the basis for determining long-term goals.

2.) It is a time-consuming process.

are two characteristics of strategy formulation

the question is incomplete .please read below to find the missing content

Strategy development is the process of using available knowledge to document actionable steps to achieve the company's intended direction and goals. This process is used for resource allocation, prioritization, company-wide alignment, and validation of business goals.

or for any particular organization, developing a strategy is not only about doing good things, but also doing good things for the community. In one of the best examples of strategy development and how it shapes a brand's identity, Unilever's Lipton brand has decided to refocus its strategy toward sustainable tea production.

What are two characteristics of strategy formulation? Choose all that apply.

It is the basis for determining long-term goals.

It is a time-consuming process.

It is designed to determine short-term goals.

It is a fast process.

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When determining the amount of cash payments for manufacturing overhead, which costs are removed from the budgeted manufacturing overhead?

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When determining the number of cash payments for manufacturing overhead, Depreciation is removed from the budgeted manufacturing overhead.

What is depreciation in accounting?

Depreciation is allocated across the asset's estimated useful life in order to charge a reasonable portion of the depreciable amount for each accounting period. Depreciation includes the amortization of assets with predetermined useful lifetimes.

How to calculate manufacturing overhead?

You must total up all indirect costs associated with the manufacturing of a product to determine manufacturing overhead. This covers the price of depreciation, factory supplies, electricity, insurance, maintenance of machines, indirect materials and labor, and more.

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Dynamic reports are business intelligence (bi) documents that are updated at the time they are requested.
a) true
b) false

Answers

Answer:

A

Explanation:

If there is a subsidy paid for the production of a good, that subsidy goes to producers, and it increases, this will result in a(n):______.

Answers

If there is a subsidy paid for the production of a good, that subsidy goes to producers, and it increases, which will result in an increase in product demand.

A subsidy is money that is given to industries or any company to help keep the service or product available at on reasonable price. Subsidies are important to  development because they allow for vital resources to remain available despite the financial burden placed on the provider.

we can take the Example of Gas Cylinder in which our Central government provides Subsidy by refunding some money in his/her bank to their customer.

Subsidy is a payment from the government to private entities, usually to ensure firms stay in business and protect jobs.

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A process manufacturer that uses the weighted-average method reports the following. Conversion Units Percent Complete Beginning work in process inventory 20,000 80% Units completed and transferred out 90,000 Ending work in process inventory 25,000 40% Equivalent units of production for conversion are: Multiple Choice 100,000. 116,000. 76,000. 90,000. 46,000.

Answers

Units produced and converted are 90,000. A technique known as a weighted average accounts for varied levels of significance of values in a data collection. Each number in the data set is multiplied by a predefined weight before the final computation is completed when calculating a weighted average.

The final average number produced by a weighted average approach is more descriptive than a simple average because it takes into account relative significance of every units. Additionally, it has effect of improving the accuracy and smoothing out the data. It provides more weight to average units that happen substantially more frequently.


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Answer:

100,000

Explanation:

units completed + transferred out: 90,000

add: units of ending WIP                10,000 (25,000 x 40%)

equivalent units of production =    100,000

According to the information presented in this video, a company's decision to introduce a new product is an example of _____ decision making.

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According to the information presented in this video, a company's decision to introduce a new product is an example of unstructured decision-making.

Unstructured decision-making is decision-making that requires decision-makers to provide insight into judgment, evaluation, and problem definition. In contrast, structured decisions are repetitive, routine, and can be efficiently processed by decision-makers by following specific steps.

A class of unstructured decision problems is considered. Unstructured problems are problems with mostly qualitative parameters whose quantitative dependencies are unknown.

These decisions require judgment, evaluation, and insight to solve the problem. Unstructured means “decision-making processes that have not yet been encountered in the same format and that do not have a clear ordered set of responses within the organization”.

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A __________ is represented by a company that offers to collect its products from its customers for no charge when those customers want to dispose of them.

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A take-back is represented by a company that offers to collect its products from its customers for no charge when those customers want to dispose of them.

A take-back system is one of the primary channels of waste series, in particular for e-waste, besides municipal sites. Take-returned is the concept that producers "take again" the goods which can be on the cease of their lives.

Take-back is aimed to reduce a business' environmental influences on this planet and additionally growth performance and decrease costs for their commercial enterprise models. Take-back regulations have centered a big selection of merchandise along with packaging, batteries, cars, and electronics" and economic costs may be discovered from recycling or re-manufacturing such products.

The packages gain municipalities by means of reducing their overall waste disposal fees and decreasing the weight on landfill sites. Although for sure agencies, the take-back system is obligatory below legislation, many do it voluntarily.

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What do six sigma programs seek to reduce in processes?
a. redundancy
b. variation
c. excess
d. standardization

Answers

The correct option is b. variation.

The six sigma programs seek to reduce the "variation" in processes.

What is six sigma program?

Statistics & data analysis are used in the Six Sigma process to identify and minimize errors or flaws. This approach aims to decrease manufacturing faults to no and over 3.4 defects every million or events while increasing cycle times.

Some key features of six sigma program are-

The Six Sigma methodology gives businesses the tools they need to manage their operations more effectively. By enhancing performance and reducing process variance, it is feasible to lower defect rates, boost employee morale, and raise the caliber of output, all of which help to increase profitability.By lowering the likelihood of error, the Six Sigma collection of management tools and procedures is intended to increase the capacity of the business process. Six sigma was a data strategy that employs statistical methods for defect eradication, defect reduction, and revenue growth.

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What distinguishes firm-specific resources and capabilities of some of the winning firms from emerging economies?

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The firm's unique resources and abilties of the triumphing companies distinguish them from emerging economies as winning firms have sources that permit them to attain aggressive gain and overall performance.

As an emerging market economy develops, it typically becomes extra included with the global economy. that means it may have elevated liquidity in local debt and fairness markets, increased alternate volume and overseas direct investment. It could develop current economic and regulatory institutions.

Emerging markets account for almost forty% of world GDP at purchasing strength parity, although nonetheless simplest 20% at marketplace cost. while those economies are already big, they continue to grow vigorously, at greater than 7% in line with annum on average during the last six years, over 2% percentage factors above the world common.

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Recessions in the united states occur with regular, predictable frequency; hence the term "business cycle. " true or false?.

Answers

It is False.

How do recessions relate to the business cycle?

A recession is a type of vicious cycle, with cascading decreases in output, employment, income, and sales that feed back into another drop in output, swiftly spreading from industry to industry and region to region. This domino effect is critical to the spread of recessionary weakness across the economy, driving the comovement of various coincident economic indicators and the recession's endurance.

A business cycle recovery, on the other hand, occurs when the recessionary vicious cycle reverses and becomes a virtuous cycle, with growing output generating job gains, rising wages, and rising sales, all of which feed back into further increases in output. The recovery can only last and result in long-term economic growth if it becomes self-sustaining, which is secured by the domino effect that spreads the revival across the economy.

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What kind of power might a local community use to influence a company's decisions?

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Publicizing an issue, Challenging whether a business activity should continue to operate, Lobbying government policymakers for regulations.

What are  rights in a community?

Community rights include rights to nature, such as the right of ecosystems to thrive and change; environmental rights, such as the right to clean air, pure water, and healthy soil; worker rights, such as the right to a living wage and equal pay for equal work; and democratic rights, such as the right of local government;

If a physical meeting is held, entities may let participants to attend remotely and cast ballots in accordance with any provisions for remote meetings that are included in the corporation's by laws.

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Which item does not appear on a statement of cash flows prepared by the indirect​ method?.

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collections from customers does not appear on a statement of cash flows prepared by the indirect​ method.

What are collections from customers?

A business uses the term collections to refer to money owing to that business by a consumer. When a consumer fails to pay the company within the periods stated, the bill becomes past due and is sometimes turned over to a collection agency.

the act or activity of gathering; data collection; tax collection anything specially gathered: a collection of artifacts amassed for the purpose of study, comparison, or exhibition, or as a hobby a collection of poems a group of photographs a collection of baseball cards

A collection is defined as a gathering of goods or people grouped together. A collection could be anything like someone collecting 500 baseball cards.

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What would happen to the wages of high-skilled workers if there was an drop-off of high-skilled immigrants coming to the u.s.?

Answers

If there was a drop in the number of high skilled immigrants coming to the US, high-skilled job wages would increase.

What would happen if there was a drop in immigrants?

Wages are the reward that accrue to labour for partaking in the production process of goods and services. So, the reward for of high skilled immigrants who partake in the production of goods and services is wages. There is an inverse relationship between wages and the supply of labour.

If there is a drop in the number of high skilled immigrants coming to the US, there would be a decrease in the supply of high-skilled labour. As a result, the demand for  high-skilled labour would exceed its supply. This would lead to an increase in the competition among those demanding for high skilled labour (the employers). Employers would increase wages in a bid to attract  high-skilled labour to their companies.

This shows that that when there is decline in the number of high skilled immigrants, wages would rise. Conversely, when there is an increase in the number of high skilled immigrants, wages would decline.

Here are the options to this question:
A_High-skilled job wages would increase.

B_High-skilled job wages would remain unaffected.

C_High-skilled job wages would decrease.

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How do consumer credit laws support consumers? Specifically cite at least two laws and how they directly support consumers.
List and describe how both the Federal Trade Commission (FTC) and the Better Business Bureau (BBB) help protect consumers from fraud.

Answers

The consumer credit law is designed to support and protect consumers by mandating  creditors to disclose credit terms to consumers.

  This backed by the The Consumer Credit Protection Act which protects consumers from loan sharks, restricts the garnishing of wages, and established the National Commission on Consumer Finance to investigate the consumer finance industry.

The Federal Trade Commission

The Federal trade commission is an agency saddled with the task of helping and protecting unsuspecting consumers from trade fraud.

   They do this by stopping unfair, deceptive and fraudulent business practices by collecting reports from consumers and conducting investigations, suing companies and people that break the law, developing rules to maintain a fair marketplace, and educating consumers and businesses about their rights.

Better Business Bureau

The Better Business Bureau is a non profit organization whose main aim is mission is to focus on advancing marketplace trust in the United states.

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What is the equation for total return as a function of expeted and unexpected returns?

Answers

The equation for total return as a function of expected and unexpected returns is :

Total return = Expected return + Unexpected return

The real rate of return on an investment or a group of assets over time is known as the total return.

Interest, capital gains, dividends, and realized distributions are all included in the total return.

The overall return is shown as a proportion of the initial investment.

The total return is a reliable indicator of an investment's overall success.

The genuine growth of an investment over time is determined by total return. When determining a rise in value, it's critical to consider the big picture instead of just one return metric.

When evaluating a company's historical performance, total return is used. Calculating predicted future returns helps investors make plans for their retirement or other needs and sets fair expectations for their investments.

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An example of ______ is when humans endow nonhumans with human capacities, making them viable others in social interaction.

Answers

An example of projection is that people endow nonhumans with human capacities, making them feasible to others in social interaction.

Projection is the intellectual system by means of which human beings characteristic to others what's of their very own minds. for example, those who are in a self-important nation, consciously or unconsciously, might imagine that different humans are essential to them.

Examples of Projection: A spouse is interested in a male co-employee but cannot admit her emotions, so when her husband talks about a woman co-worker, she will become jealous and accuses him of being drawn to the other lady. a man who feels insecure approximately his masculinity mocks other guys for acting like ladies.

Right here are some signs and symptoms that you might be projecting: Feeling overly harmful, protective, or sensitive approximately something someone has said or done. Feel highly reactive and quick to blame. the issue being objective, getting perspective, and status in the different individual's shoes.

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Current account and ______ account are the two major components of a statement that summarizes all debit and credit transactions of one country with the rest of the world.

Answers

Current account and Capital account are the two major components of a statement that summarizes all debit and credit transactions of one country with the rest of the world.

What is Capital account?The capital account is a tool used in macroeconomics and international finance to track the net flow of investment transactions into an economy.It is one of the balance of payments' two main elements, together with the current account. The capital account reflects the net change in ownership of national assets, whereas the current account reflects a country's net revenue.A positive balance on the capital account indicates that money is entering the nation, but unlike a positive balance on the current account, the inflows actually represent borrowings or asset sales rather than payments for labor.A deficit in the capital account indicates that money is leaving the country and that the country is acquiring more foreign assets.

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Average household income in desertville your community has a total of approximately 100,000 households. what percentage of households would be potential customers for the shoe hut? what percentage of households would be potential customers for star's coffee and teas?

Answers

The percentage of homes that might be potential clients for The Shoe Hut is 65%.75% percent of households are potential clients for Star's Coffee & Teas.

What is the percentage?A percentage is a figure or ratio that reflects a fraction of 100 in mathematics. It is frequently indicated by the symbol "percent," as well as "percent" or "pct."

According to the given graph, we can say that:

We see here that the percentage of households that would be potential customers for The Shoe Hut is 65%.While the percentage of households that would be potential customers for Star's Coffee and Teas is 75%.

Therefore, the answers to both the questions have been shown.

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The complete question is given below:
Your community has a total of approximately 100,000 households. What percentage of households would be potential customers for The Shoe Hut? What percentage of households would be potential customers for Star's Coffee and Teas?

What is a business portfolio? how does a company typically conduct a portfolio analysis?

Answers

A business portfolio refer to a company's asset list. It is a combination of various products, services and business units that make up a business.

Business portfolio involves proper planning for the betterment of a company. First, the company must analyze its current business portfolio and determine which businesses should receive more, less, or no investment.

In order to conduct a portfolio analysis there are few steps which a company needs to follow- analyze the current situation, establish investment objectives, determine asset allocation, select investment options, monitor, measure, and rebalance.

Hence, the analysis of the business portfolio is important as it helps a company to decide to whether its businesses should receive more or less investment.

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Most lipids are ; this property causes lipids to be in the bloodstream. lipoproteins form complexes for transport through the bloodstream by surrounding lipids with phospholipids and proteins When there is a lack of specifications, service-oriented architecture (soa) is preferred to sdlc for designing a system. a) true b) false 10POINTS !!the sum of the length of a side of two squares is 18cm and the sum of their areas is 212 cm^2. find the length of a side of the smaller square A sampling method is _________ when the individuals selected for one sample are used to determine the individuals in the second sample. The average atomic mass of lithium is 6.94 amu. Based on the atomic masses of the two isotopes of lithium, how do the relative abundances of the isotopes compare? The scrum master observes the product owner struggling with ordering the product backlog. what is an appropriate action for the scrum master to take? When a newborn takes its first breath, what physical changes occur in the heart to increase oxygenation of the infants blood? Swifty corporation reported total manufacturing costs of $350000, manufacturing overhead totaling $68000, and direct materials totaling $86000. how much is direct labor cost? All vehicles on the road must be equipped with a horn that can be heard from a minimum of ____ feet away. What causes earthquakes?How are earthquakes measured and how big can they get? Why might the saint domingue slave revolt in 1791 be considered one of the most important independence movements in the amer? Regular aerobic exercise gives an individual mou endurance is a sentence that shows cause and affect which word indicates the cause You should abstain from drinking if you are _________. the only one in the movie theater the designated driver only female in the wedding the oldest in the group of friends Assuming dragon genetics follows the same rules as fruit flies, what ratio of genotypes would you expect if the genes were not linked? (remember you are crossing ffbb x ffbb) If one oscillation has 5. 8 times the energy of a second one of equal frequency and mass, what is the ratio of their amplitudes? Whats 400.00 - 172.98 I know the answer I just need to know how to get it What is one similar action taken by all four sultans? why would all the sultans take this type of action? Can someone help me with this?20 points for the Answer to thisThank You for leaving your answer here! What ancient chinese philosophy used color as a symbolic element to explain how change affects the cosmos? An investor discovers that stock prices change drastically as a result of certain events. this finding is a violation of?