When a visitor who has an appointment arrives, you should
Question options:

make the visitor feel comfortable and visit with him or her until it is time for the visitor's appointment.

invite the visitor who must wait to reschedule the appointment.

not keep a visitor who has an appointment waiting.

allow the visitor to wait when more pressing work is due.

Answers

Answer 1

If a visitor arrives and they have an appointment, you should A. make the visitor feel comfortable and visit with him or her until it is time for the visitor's appointment.

What should you do when a visitor has an appointment?

In customer service, the visitor should be made to feel comfortable while they wait for their appointment as this is not only the right thing to do, but it gives the visitor the right impression about the company.

There are several ways to make a visitor feel comfortable such as:

Offering them a seat in a waiting area. Offering refreshments such as water or a non-alcoholic beverage. Ensuring that reading material is available to keep the visitor company.

You should also endeavor to keep checking in on them and giving them updates about their meeting, while they wait for their appointment time to reach.

In conclusion, when a visitor with an appointment arrives, you should A.  make the visitor feel comfortable and visit with him or her until it is time for the visitor's appointment.

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Related Questions

When a visitor who has an appointment arrives, you should
Question options:

make the visitor feel comfortable and visit with him or her until it is time for the visitor's appointment.

invite the visitor who must wait to reschedule the appointment.

not keep a visitor who has an appointment waiting.

allow the visitor to wait when more pressing work is due.

Answers

Answer:

make the visitor feel comfortable and visit with him or her until it is time for the visitor's appointment.

If an investment using the value implied by the median EV/EBITDA multiple from the comps is made at the transaction date, what is the implied IRR? Assume the terminal value is the average of the values determined using the perpetual growth rate and an EBITDA exit multiple.

Answers

Answer:9.12%

Explanation:

Which term refers to the total value of all goods and services produced within a given period by a national economy domestic factors of production

Answers

Answer:

Gross Domestic Product"refers to the total value of all goods and services produced within a given period by a national economy domestic factors of production

what do you think should be the hotel's three priorities in order to generate additional business from its OTA partner?

Answers

The 3 priorities for hotels in order to generate additional business from its OTA partner will be:

Use a Distribution Channel ManagerBuild a Relationship with Market ManagersStand Out With Your Hotel Description

What is called an OTA?

Also known as the online travel agency refers to the website that sells travel-related products such as airline tickets, car rentals, cruises, experiences, accommodations to the customers.

Majority of the vacation rental managers utilize the online travel agency that specialize in renting temporary housing to travelers.

Therefore, the top 3 priorities for hotels in order to generate additional business from its OTA partner will be Use a Distribution Channel Manager, Build a Relationship with Market Managers and Stand Out With Your Hotel Description

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This assignment requires the application of your understanding of how the federal budget deficit affects economic variables.

Please explain the impact of a federal budget deficit on interest rates and the trade balance.

Answers

The  impact of a federal budget deficit on interest rates and the trade balance is that it can bring about the  inflow of foreign financial capital as well as a better exchange rate.

How can budget deficit have effect on trade balance?

When there is a stronger exchange rate there will be a little bit difficult for all the  exporters that want to sell their goods to foreign countries,  and at this time the imports will become cheaper.

In this case, trade deficit  will definitely bring about  an inflow of foreign financial capital as well as a good exchange rate.

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How are you already using your relationship building skill?

Answers

Answer:

to whom are you asking

Explanation:

if it is a question sorry

if it is personal also i am sorry

Answer:

I am trying to come up with good idea and sharing thought and feeling too have better understanding about relationships building skills and also trying my best to interact with people who are around me and also letting go of my inner thoughts and have my prayers for God instead for my better life ahead and also for all the living human being to have good life ahead

and peace in their life

Typically, the _____ marketing plan covers marketing activities over a period of two to five years in the future. The _____ marketing plan, which is highly structured and detailed, is usually developed by a product manager and begins with marketing research and ends after 48 weeks with the approval of the general manager.

Answers

The long-range marketing plan enfolds marketing activities over a period of two to five years in the future.

Long-range marketing plan

The annual marketing plan, which is positively structured and precise, is usually created by a product manager and begins with marketing research, and completes after 48 weeks with the approval of the general manager.

The long-term marketing strategy should enclose the "big picture" that you are trying to accomplish with your marketing efforts. Your long-term marketing plan will generally be in place for six month to a year or more.

The purpose of the long-range plan is to bypass random, non-specific growth and focus the organization's skills on those areas where it excels, such as creating high-quality consumer goods.

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A project's internal rate of return (IRR) is the
-Select-
that forces the PV of its inflows to equal its cost. The IRR is an estimate of the project's rate of return, and it is comparable to the
-Select-
on a bond. The equation for calculating the IRR is:



CFt is the expected cash flow in Period t and cash outflows are treated as negative cash flows. There must be a change in cash flow signs to calculate the IRR. The IRR equation is simply the NPV equation solved for the particular discount rate that causes NPV to equal
-Select-
.

The IRR calculation assumes that cash flows are reinvested at the
-Select-
. If the IRR is
-Select-
than the project's risk-adjusted cost of capital, then the project should be accepted; however, if the IRR is less than the project's risk-adjusted cost of capital, then the project should be
-Select-
. Because of the IRR reinvestment rate assumption, when
-Select-
projects are evaluated the IRR approach can lead to conflicting results from the NPV method. Two basic conditions can lead to conflicts between NPV and IRR:
-Select-
differences (earlier cash flows in one project vs. later cash flows in the other project) and project size (the cost of one project is larger than the other). When mutually exclusive projects are considered, then the
-Select-
method should be used to evaluate projects.

Quantitative Problem: Bellinger Industries is considering two projects for inclusion in its capital budget, and you have been asked to do the analysis. Both projects' after-tax cash flows are shown on the time line below. Depreciation, salvage values, net operating working capital requirements, and tax effects are all included in these cash flows. Both projects have 4-year lives, and they have risk characteristics similar to the firm's average project. Bellinger's WACC is 11%.

0 1 2 3 4


Project A -1,050 600 360 300 290
Project B -1,050 200 295 450 740
What is Project A’s IRR? Do not round intermediate calculations. Round your answer to two decimal places.

%

What is Project B's IRR? Do not round intermediate calculations. Round your answer to two decimal places.

%

If the projects were independent, which project(s) would be accepted according to the IRR method?


-Select-

If the projects were mutually exclusive, which project(s) would be accepted according to the IRR method?


-Select-

Could there be a conflict with project acceptance between the NPV and IRR approaches when projects are mutually exclusive?


-Select-

The reason is
-Select-

Reinvestment at the
-Select-
is the superior assumption, so when mutually exclusive projects are evaluated the
-Select-
approach should be used for the capital budgeting decision.

Answers

A project's internal rate of return (IRR) is the discount rate that that forces the PV of its inflows to equal its cost.

What is an internal rate of return?

The internal rate of return is an estimate of the project's rate of return, and it is comparable to the YTM on a bond. The equation for calculating the IRR is the difference between the current or expected future value and the original beginning value, divided by the original value and multiplied by 100.

In conclusion, the internal rate of return is the average rate of return for the project per year.

What is a cash flow time?

This refers to the expected cash flow in Period t and cash outflows are treated as negative cash flows.

Hence, there must be a change in cash flow signs to calculate the IRR. The IRR equation is simply the NPV equation solved for the particular discount rate that causes NPV to equal zero

The IRR calculation assumes that cash flows are reinvested at the IRR.

If the IRR is greater than the project's risk-adjusted cost of capital, then the project should be accepted; however, if the IRR is less than the project's risk-adjusted cost of capital, then the project should be rejected.

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vertical integration is more likely to be attractive when the end customer market is

Answers

Answer:

the goal of vertical integration is typical to increase sales eliminate coast and improve profits by improving business operations backward vertical integration can reduce or eliminate the leverage that suppliers have over the film and why doing to reduce

Dubey Companies Incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended November 30, 2018.


Accounts Payable $ 850
Accounts Receivable 900
Accumulated Amortization 510
Accumulated Depreciation 1,140
Allowance for Doubtful Accounts 40
Cash and Cash Equivalents 1,040
Common Stock 480
Deferred Revenue 1,980
Equipment 7,630
Income Taxes Payable 40
Notes Payable (long-term) 2,770
Notes Receivable (long-term) 260
Prepaid Rent 280
Retained Earnings 7,270
Service Revenue 500
Short-Term Investments 4,050
Software 920


Required:

Prepare a classified balance sheet. The Allowance for Doubtful Accounts relates entirely to Accounts Receivable. (One of the accounts does not belong on the balance sheet.) (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

Answers

The classified balance sheet shows that the total liabilities and stockholders equity will be $13390.

How to explain the balance sheet?

It should be noted that a classified balance sheet refers to a financial statement that has classifications like the current assets, liabilities, etc.

From the table that's attached, the total current assets is $6230 while the total assets is $13390.

For the liabilities, the total current liabilities is $2870 and the total liabilities is $5640.

Also, the total stockholders equity is $7750 and lastly, the total liabilities and stockholders equity is $13390.

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Form 1099-INT is used to...

Answers

Form 1099-INT is used to ensure you report the correct amount of interest income on your tax return.

An Internal Revenue Service (IRS) tax document used by taxpayers to record interest income is referred to as Form 1099-INT. All organisations that give investors interest income at the end of the year must issue the form. It contains a breakdown of each category of interest revenue as well as associated costs.

By January 31st, payers must send a 1099-INT to any recipient to whom they gave at least $10 in interest during the year. One copy is sent to the IRS, while the other is sent to the taxpayer. Interest on deposit accounts, dividends, and sums paid to the owner of a collateralized debt obligation are examples of the interest income types for which Form 1099-INT is issued.

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Jim got a $3,000 savings account at 5 percent interest compounded annually. what will his balance be after four years?

Answers

$3,646.00

Interest is the price you pay for borrowing money or the cost you charge for lending money. Interest is usually given as an annual percentage of the loan amount. This percentage is called the interest rate on the loan. For example, if you deposit money in a savings account, the bank will pay you interest.

Interest is money you pay with someone else's money. An example of interest is $20 earned in a savings account this year. As an example of interest, he has $2,000 paid on his mortgage this year.

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How to come up with a good idea that you are going to start a business?
option for Partner you want to start working?
1) Family business
2) couple business
3) Friends business
4) Join others business
5) your own Business
which one of this is best Business to start working? why ? and what are the profits for you to become successful?



Answers

Answer:

your own business

Explanation:

greatest room for growth, lacking responsibility to others financially. Depending on your skills, entrepreneurship is great. But if you aren’t able to take on an executive role in the 6 figure range to automate things, you’ll stay where you are. If you are good at executive works but not startup- join someone else.

5) your own Business

The benefits of starting a business include being your own boss. You will have more freedom and independence as a self-employed individual than as an employee, and you will not have to adhere to a typical 9 to 5 schedule from Monday through Friday. Having your own business means you can work when it is convenient for you—whether that be at 12 p.m. or 12 a.m.

You will be able to be more productive as a result. You can also work as a digital rambler wherever you want, so if you enjoy traveling, you could spend time living the digital rambler lifestyle if you are interested.

______ refers to salaries and wages, as well as interest earned on savings and stock dividend payments.

Answers

Income  refers to salaries and wages, as well as interest earned on savings and stock dividend payments.

What is income?

Income serves as amount of money  that is been generated by a company on a basis.

In this case, Income  refers to salaries and wages, as well as interest earned on savings and stock dividend payments.

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What are the differences between a hotel and a motel?

Answers

Answer:

The difference is that hotels have more rooms and floors so more people can fit. But motels have fewer floors and rooms.

Personnel:
A hotel generally has more employees of various types than a motel does.

Size:
Hotels often contain several floors with rooms that total in the hundreds. Motels often only have one or two floors with fewer rooms.

Services:
Hotels often have a wide range of services that motels don’t offer such as a cocktail lounge, room services, on-site recreation, indoor swimming pool, and spa services like masseuse and hot tubs. However, a motel may offer a pool or bed-and-breakfast.

Price:
The price range for both hotels and motels vary largely based on accommodations and location. Though this isn’t always the case, a motel will generally be cheaper than a hotel in the same location.

some crypto exchanges allow their customers to employ leverage and why is this not a good idea , acording to Fool proof what best decribes this sentence

Answers

Allowing customers to employ leverage is a risky job as leverage works both ways our cash account is down 10% if bitcoin goes the opposite way, from $30,000 to $27,000. However, if we were using a 10:1 leverage, our margin deposit is now gone. A decrease results in a margin call for our account and a demand for extra funds.

How leverage on crypto works:

If we want to possess 1 crypto for $30,000, we have two options: we can either purchase it in our cash account for $30,000 or we can purchase it in our margin account with 10x leverage and a $3,000 margin deposit. The remaining balance of the transaction in our margin account is provided by a loan of $27,000.

If BTC increases by $3,000 to $33,000, we will make a 10% profit in our cash account after deducting any expenses.

The margin account, on the other hand, has a profit of 100% less any costs once the loan is repaid and the interest on the loan.

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A frequently discussed topic in HR is whether organizations need to hire from within (their
own existing employees) or rely on external candidates (new applicants) for managerial roles.
What do you think? What may be some cons and pros of each strategy? How succession
management can be used as a tool to improve talent retention and employee engagement?
Based on the material covered, what would you suggest organizations do?

Answers

In many ways, internal recruitment should be your destination. Hiring from within the business is a sign of a successful organization and, as study indicates, internal hires cost less and tend to perform more useful than external hires.

Why is it that many communities preferred to hire internal workers enumerate and explain?

Internal recruitment promotes loyalty and can even enhance employee morale as it functions as a reward for existing employees. Also, it saves time and cash on training as the internal applicant will have more details of the organization and culture. It also donates to reducing employee turnover.

What is an internal prospect and an external candidate?

Internal hiring refers to hiring an existing employee for a different position within the community. External hiring refers to hiring a new prospect to fill a position in the organization.

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Assume that Tommy and Michelle have an AGI of $107,000 before IRA deductions by either spouse. The AGI includes $10,000 that Michelle earned working part time (but she does not participate in an employer-sponsored retirement plan). Tommy and Michelle file a joint return. What is the maximum deductible contribution Tommy and Michelle may make to a traditional IRA?

Answers

Based on the AGI that Tommy and Michelle have, and the fact that they make a joint return, the maximum deductible contribution to a traditional IRA is $11,100.

How much is their joint maximum deductible contribution?

Michelle does not participate in an employer-sponsored retirement plan because she is working part-time.

This means that she is entitled to the full $6,000 maximum deductible contribution to a traditional IRA.

Tommy on the other hand, participates in an employer-sponsored retirement plan which means he will have to remove a certain percentage from the deductible based on his range of $104,000 - $124,000.

That rate will be 15% so he will pay:
= 6,000 x ( 1 - 15%)

= $5,100

The total contribution is:

= 6,000 + 5,100

= $11,100

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The planning cycle is viewed as a linear process with a sequence of steps; however, it can also be considered cyclical so that at any point in the planning process you can go back and change decisions.

Answers

A linear process with a sequence

The university recycling food and beverage, paper, etc wastage project.

1. ORIGIN OF THE REPORT

2. OBJECTIVES OF THE REPORT

3. A BRIEF INTRODUCTION TO THE ORGANIZATION PART

4. INITIAL INVESTIGATION:

o The needs, symptoms, problem definition, and objectives

o The environment (discuss how various internal and external environment forces will influence project performance)

o Project risk management

5. REQUEST FOR PROPOSAL:

o Statement of work

o Proposal requirements

o Contractual provisions

o Technical information or data

o Proposal evaluation criteria


Final term:

1. THE PROJECT PROPOSAL

2. SELECTING THE WINNING PROPOSAL (Select and apply one evaluation method and demonstrate how the client will select a proposal):

3. PROJECT CHARTER:

4. WORK BREAKDOWN STRUCTURE (WBS):

5. GANTT CHART

6. NETWORK DIAGRAM :

7. CRITICAL PATH:

8. EARLY TIMES AND LATE TIMES:

9. TOTAL SLACK AND FREE SLACK:

10. CONCLUSION

REFERENCES:

Answers

This prompt is about selecting the proposal that is the best form the options provided.

How do you select the best proposal?

To ensure that a proposal is the best one, it must meet all the requirement requested for.

In the first part of the question, we are given various items including the proposal evaluation criterial.

The project that meets the evaluation criteria is the one what is to be selected as the best project.

What is a project proposal?

A project proposal is a written document that includes the timeframe, budget, objectives, and goals of a project and informs all relevant parties about it.

To convince stakeholders to support the effort, your project proposal should condense the specifics of your project and sell your concept.

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Titan Mining Corporation has 6.3 million shares of common stock outstanding, 220,000 shares of 3.6 percent preferred stock outstanding, and 105,000 bonds with a semiannual coupon rate of 5.3 percent outstanding, par value of $1,000 each. The common stock currently sells for $73 per share and has a beta of 1.15, the preferred stock has a par value of $100 and currently sells for $83 per share, and the bonds have 17 years to maturity and sell for 107 percent of par. The market risk premium is 7.1 percent, T-bills are yielding 3.1 percent, and the company’s tax rate is 23 percent.



a.
What is the firm’s market value capital structure? (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., .1616.)

b. If the company is evaluating a new investment project that has the same risk as the firm’s typical project, what rate should the firm use to discount the project’s cash flows? (Do not round intermediate calculations enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

The firm’s market value capital structure is $503,910,000.

The rate the firm should use to discount the project’s cash flows is 9.33%.

a.

We will begin by finding the market value of each type of financing. We find:

Market value of debt = MVD = 105,000*($1,000)*(1.07) = $25,750,000

Market value of preferred cost = MVP = 220,000*($83) = $18,260,000

Market value of equity = MVE = 6,300,000*($73) = $459,900,000

And the total market value of the firm is:

V = $25,750,000 + 18,260,000+ 459,900,000

V = $503,910,000

b.

So, the market value weights of the company's financing are:

D/V = $25,750,000/$503,910,000 = 0.0511

P/V = $18,260,000/$503,910,000 = 0.0362

E/V = $459,900,000/$503,910,000 = 0.9127

For projects equally as risky as the firm itself, the WACC should be used as the discount rate.

First, we can find the cost of equity using the CAPM. The cost of equity is:

RE = .031 + 1.15(.071)

RE = 0.1030, or 10.03%

The cost of debt is the YTM of the bonds, so:

P0 = $1,070 = $26.50(PVIFAR%,34) + $1,000(PVIFR%,34)

R = 2.228%

YTM = 2.228% × 2

YTM = 4.46%

And the aftertax cost of debt is:

RD = (1 - .22)(.0446)

RD = .0348, or 3.48%

The cost of preferred stock is:

RP = $3.60/$73

RP = .0493, or 4.93%

Now we can calculate the WACC as:

WACC = 0.0511(.0348) + 0.0362(.0493) + 0.9127(.1003)

WACC =0.0933, or 9.33%

Hence, The firm’s market value capital structure is $503,910,000.

The rate the firm should use to discount the project’s cash flows is 9.33%.

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The net present value (NPV) method estimates how much a potential project will contribute to
-Select-
, and it is the best selection criterion. The
-Select-
the NPV, the more value the project adds; and added value means a
-Select-
stock price. In equation form, the NPV is defined as:


CFt is the expected cash flow at Time t, r is the project's risk-adjusted cost of capital, and N is its life, and cash outflows are treated as negative cash flows. The NPV calculation assumes that cash inflows can be reinvested at the project's risk-adjusted
-Select-
. When the firm is considering independent projects, if the project's NPV exceeds zero the firm should
-Select-
the project. When the firm is considering mutually exclusive projects, the firm should accept the project with the
-Select-
NPV.

Quantitative Problem: Bellinger Industries is considering two projects for inclusion in its capital budget, and you have been asked to do the analysis. Both projects' after-tax cash flows are shown on the time line below. Depreciation, salvage values, net operating working capital requirements, and tax effects are all included in these cash flows. Both projects have 4-year lives, and they have risk characteristics similar to the firm's average project. Bellinger's WACC is 8%.

0 1 2 3 4


Project A -900 620 395 200 250
Project B -900 220 330 350 700
What is Project A's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.

$

What is Project B's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.

$

If the projects were independent, which project(s) would be accepted?


-Select-

If the projects were mutually exclusive, which project(s) would be accepted?


-Select-

Answers

This answer requires that we fill in the blanks. The answers are contained in the bullet to fill the missing places

shareholder wealthlarger the NPVhigher stock price. WACCaccept the project.higher positive NPV.

What is the NPV?

This is the term that is used to refer to the net present value. This is the value that is calculated as the difference between the cash inflows and out flows for over a time period.

In order to get the NPV we have to make the following calculations for the projects A and B.

We have:

For Project A

-900 + 620/1.08 + 395/1.08² + 200/1.08³ + 250/1.08⁴

= $355. 237

project B

we would have

-900 + 620/1.08 + 395/1.08² + 200/1.08³ + 250/1.08⁴

= 378.98

The value for the project B happens to be greater than that of A hence this is the value that we have to accept

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How do you prioritize your time?

Answers

Answer:

Time can be defined as a result of your hard work if you are already get yourself to manage time you have the ability to do many things in your own time management skills and have better understanding about what you learning and what you will learn next or what you want to know about that what you don't know that's how you prioritize your time , so time is precious .

You are forecasting a stock to pay the following dividends:
$4.40 , $3.45 , $4.

The dividends will then begin declining at a rate of 5.0% for the foreseeable future. What is the intrinsic value of this stock if the required return is 14%?

Answers

Intrinsic value of this stock will be close to $14 as the dividends $4.40 , $3.45 , $4 sum up to 11.85 and 14% returns makes it 13.508.

Know more about intrinsic value:

A thing, asset, or financial contract can have intrinsic value if it has some basic, objective value. It may be a good buy or a good sale if the market price is less than that value.

There are various approaches for determining a reasonable appraisal of a share's intrinsic value when reviewing equities. Models make use of elements like residual income, discounted cash flows, and dividend streams.

Each model heavily depends on reliable assumptions. The values estimated by the model will differ from the genuine intrinsic value if the assumptions made are incorrect or false.

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You require a clear idea of why you are seeking a particular goal before you can establish your values true or false

Answers

Your values are established before a clear idea of a particular goal is formed so this is False.

How do values relate to goals?

The goals that we have are dependent on the values that we already have because we can only accomplish goals based on how we go about achieving them.

This process by which we achieve our objectives is based on the values we hold dear as they will guide us on what we should and shouldn't do.

For instance, if we have the values of empathy, and compassion, our need for getting rich would be to become philanthropists who help the poor and needy.

A person with the opposite of these values would want to get rich to rub it in people's faces and to get away with more things than a person would if they were poorer.

The values come before the clear idea of why we are seeking a certain goal.

In conclusion, it is false that we establish values after a clear goal.

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) Organizations must balance good performance with responsibility to key three policies: social, economic and environmental.
Demonstrate how this relates to stores and inventory management. (5 marks)
(ii) Many firms are faced with the dilemma of adjusting to change of designs. In the worst case scenario, it would be too expensive to start new production, with the old inventory still in place.
Discuss an inventory workable solution to ensure future stock does not go to waste. (5 marks)

Answers

The information relates to inventory management as it's vital in tracking the purchase of sales of goods and services.

How to illustrate the information?

It should be noted that organizations must balance good performance with responsibility to key three policies: social, economic and environmental.

This illustrates how they can help organizations identify the stock to be ordered and how to generate revenue.

An inventory workable solution to ensure future stock does not go to waste is to order smaller batches and get transparent with customers about the remaining inventory.

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parents should not be involved in the observation screening process.
true or false

Answers

The answer is true because it might effect the way the child reacts.

The statement "parents should not be involved in the observation screening process" can be either true or false, depending on the context and the specific screening process being referred to.

The statement as a True: In some situations, maintaining objectivity and impartiality during the observation screening process may be crucial. Having parents involved could introduce bias or emotional factors that may interfere with the assessment's accuracy or fairness.

Therefore, to ensure an unbiased evaluation, it might be best for parents not to be directly involved in certain observation screenings.

The statement as False: On the other hand, parents' involvement in the screening process can offer valuable insights into a child's development or behavior, especially in educational or early childhood settings.

Parental input and observations can complement the assessments made by professionals, leading to a more comprehensive understanding of the child's abilities and needs.

Ultimately, the decision on whether parents should be involved in the Observation screening process depends on the specific context, the purpose of the screening, and the guidelines or regulations in place.

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Market economies are based on both private enterprise and the idea that allocation decisions of what and how much to produce are decided by:_______

Answers

Answer:

Private Individuals.

Explanation:

The main characteristic of a Market economy is the Private property ownership. through which individuals are able to use private property/resources the way they want.

there is no central authority planning or ordering them to produce what in which quantities.

Suppose a certain contractor wants to maximize
[tex]\pi[/tex]
from building one bridge. The contractor uses both labor and capital, and efficient combinations of Labor and capital that are sufficient to make a bridge is by the function 0.25 L 2 1 K 2 1 , if the prices of labor (w) and capital (r) are $ 5 and $ 10 respectively. Find the least cost combination of L and K​

Answers

Therefore, efficient combination (least cost combination) of L and K are[tex]$\frac{16}{\sqrt{2}}$[/tex] and [tex]$\frac{8}{\sqrt{2}}$[/tex]respectively.

What is the least cost combination of L and K​?

The principle of least cost combination declares that if two-factor inputs are assessed for a given output the least cost combination will be such where their inverse price ratio stands equivalent to their marginal rate of substitution.

The optimum combination of inputs that are needed to produce output at the least possible cost is named the least cost combination.

The contractor wants to build one bridge. Thus, the constraint equation can be written as

[tex]$0.25 \mathrm{~L}^{\frac{1}{2}}$[/tex]

[tex]&k^{\frac{1}{2}}=1 \\[/tex]

[tex]&\mathrm{MPL}=0.125 \mathrm{~L}^{\frac{-1}{2}} \mathrm{~K}^{\frac{1}{2}} \\[/tex]

[tex]&\mathrm{MPK}=0.125 \mathrm{~L}^{\frac{1}{2}} \mathrm{~K}^{\frac{-1}{2}}[/tex]

The equilibrium condition is[tex]$\frac{M P L}{M P K}=\frac{W}{r}$[/tex]

[tex]K^{\frac{-1}{2}}}=\frac{\$ 5}{\$ 10} \\[/tex]

[tex]&\frac{K}{L}=\frac{1}{2} \Rightarrow L=2 K[/tex]

Substituting[tex]$\mathrm{L}=2 \mathrm{~K}$[/tex]in the constraint equation we obtain

$$

[tex]&0.125(2 \mathrm{~K})^{\frac{-1}{2}} \mathrm{~K}^{\frac{1}{2}}=1 \\[/tex]

[tex]&0.125 \sqrt{2} \cdot \mathrm{K}=1 \\[/tex]

[tex]&\mathrm{~K}=\frac{1}{0.125 \sqrt{2}}=K=\frac{8}{\sqrt{2}} \\[/tex]

[tex]&\mathrm{~L}=2 \mathrm{~K} \Rightarrow \frac{16}{\sqrt{2}}[/tex]

Therefore, efficient combination (least cost combination) of L and K are[tex]$\frac{16}{\sqrt{2}}$[/tex] and [tex]$\frac{8}{\sqrt{2}}$[/tex]respectively.

The least cost is [tex]$\mathrm{C}=5\left(\frac{16}{\sqrt{2}}\right)+10\left(\frac{8}{\sqrt{2}}\right)=\$ \frac{160}{\sqrt{2}}$[/tex]

To learn more about least cost combination refer to:

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What are capital gains on an investment.

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Answer:

A capital gain is, to put it simply, a rise in the value of an investment over its initial purchase price, such as stocks, mutual fund shares, or shares of an exchange traded fund. You have a capital gain if the asset's value rises, and you must pay tax on it

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