Her opportunity cost is what she could have earned in that occupation instead of doing her own accounting work.
Explanation:Opportunity cost refers to the loss of any gain that can be attained from the alternatives that are available, when one alternative is chosen by a person. For instance consider that a person has decided to go for a movie during his free time. The cost she spent for the movie can be spent to the things that can be more useful. For example investing in something which is the opportunity cost here.
The opportunity cost is also called as economic cost. It can be calculated by measuring the amount that the time of the owner to be obtained from the next best usage. For instance the owner can consider doing accounting work to some other firm than doing for his own firm. Thus he opportunity cost would be the amount that she can earn from the other firm than doing accounting work for her own company.
It is possible that a(n) ________ vertical marketing system can be more formally structured through strategic alliances and partnership agreements among channel members that agree to work in mutual cooperation. An example of this is the relationship between Walmart and Procter & Gamble. Multiple Choice distributive private corporate contractual administered
Answer:
administered
Explanation:
Based on the information provided within the question it can be said that the term that is being mentioned in this scenario is an administered vertical marketing system. This is a co-ordinated system of distribution channel organization that is characterized the movement of products from point of origin to consumer is controlled by a single individual as opposed to contractual ties. Which is the main marketing system that may benefit from agreements among channel members.
Koehn Corporation accounts for its investment in the ordinary shares of Sells Company under the equity method. Koehn Corporation should ordinarily record a cash dividend received from Sells as:_______.a. a reduction of the carrying value of the investmentb. share premiumc. an addition to the carrying value of the investmentd. dividend income
Answer:
A) a reduction of the carrying value of the investment
Explanation:
Under the equity method, the investor company cannot record dividends as revenue, it must record them as a reduction of the carrying value of their investment. Under the equity method, the value of the investment decreases with cash dividends. This transaction involves only a change between assets, investment decreases while cash increases, no additional revenue is recorded.
This is section 3.8 problem 30: a motel owner observes that when a room is priced at $60 per day, all 80 rooms of the motel are occupied. for every $3 rise in the charge per room per day, one more room is vacant. each occupied room costs an additional $16 per day to maintain. (a) the demand function, expressed by p , the price in dollars charged for each room per day, as a function of x ,
The student is asked to provide a demand function p(x) = 60 + 3x showing the price of motel rooms as a function of the number of unoccupied rooms, x. The function is derived from the fact that every $3 rise in the price results in one more vacant room, starting from a base price of $60 with all rooms occupied.
The student's question involves creating a demand function for a motel owner, where the price of rooms and the number of vacant rooms are related. The demand function p(x) would be represented as a mathematical expression that shows how the price p, charged for each room per day, varies with the number of rooms x left unoccupied, from the initial scenario where all rooms are occupied at a price of $60.
We know that for every $3 increase, one more room remains unoccupied. So if x rooms are unoccupied, the price would increase by 3x dollars, leading to a demand function of p(x) = 60 + 3x. This indicates the price for each room given x number of vacant rooms.
Additionally, it's noted that each occupied room costs $16 more per day to maintain. This suggests that for x occupied rooms, the total maintenance cost would increase by 16x dollars, affecting overall profitability.
The demand function is[tex]\( p(x) = 60 - \frac{3}{80}x \).[/tex]
To determine the demand function, we start by establishing the relationship between the price per room, p and the number of rooms occupied, x. We are given that at a price of $60 per day, all 80 rooms are occupied. This gives us our initial point, which is (60, 80).
We are also given that for every $3 increase in the price per room per day, one more room becomes vacant. This tells us that the slope of the demand curve is [tex]\( -\frac{1}{80} \)[/tex]rooms per dollar, because for each $3 increase in price, the number of occupied rooms decreases by 1.
However, since we want the slope in terms of the price change per room, we multiply this slope by 80 to get the slope of the demand curve in terms of price as a function of rooms occupied. Thus, the slope is [tex]\( -80 \times \frac{1}{80} = -1 \).[/tex]
To find the demand function, we use the point-slope form of a linear equation:
[tex]\[ p - p_1 = m(x - x_1) \][/tex]
where [tex]\( (p_1, x_1) \)[/tex] is our initial point (60, 80) and m is the slope, which is [tex]\( -3 \)[/tex] (since for every room vacant, the price increases by $3).
Substituting the values, we get:
[tex]\[ p - 60 = -3(x - 80) \] \[ p = 60 - 3x + 240 \] \[ p = 300 - 3x \][/tex]
However, we need to express p in terms of x as a function, so we divide the entire equation by 80 to get the price per room as a function of the number of rooms occupied:
[tex]\[ \frac{p}{80} = \frac{300}{80} - \frac{3}{80}x \] \[ p(x) = 3.75 - \frac{3}{80}x \][/tex]
But since the price per room at full occupancy is $60, we adjust the constant term to reflect this:
[tex]\[ p(x) = 60 - \frac{3}{80}x \][/tex]
This is the demand function, where p(x) is the price in dollars charged for each room per day as a function of (x), the number of rooms occupied."
Vaughn Manufacturing sells merchandise on account for $2500 to Morton Company with credit terms of 2/14, n/30. Morton Company returns $900 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Vaughn Manufacturing make upon receipt of the check?
Answer:
Dr Cash $1,568
Dr Sales discount $32
Cr Accounts receivable $1,600
Explanation:
The initial posting for the transaction would a debit of $2,500 to accounts receivable and a credit of the same amount to sales revenue account.
However, upon the return of damaged goods, an adjustment to the earlier posting would a credit of $900 to accounts receivable to show that the indebtedness has reduced by $900 and a corresponding debit to sale returns account.
However, the balance of $1600($2,500-$900) in the accounts receivable in broken into cash and discount upon receipt of check payment.
Dr cash (98%*$1600) $1,568
Dr Sales discount $32
Suppose a perfectly competitive firm is producing 37 units output, and the marginal cost of the 37th unit is $3. If the firm can sell each unit of output for $5 and the firm's revenue is sufficient to cover its variable cost, the firm should:__________.
A. lower its price.
B. decrease production.
C. increase production.
D. raise its price.
Answer:
correct option C. increase production.
Explanation:
given data
producing = 37 units
marginal cost MC = $3
sell MR = $5
solution
the profit is maximum at MR = MC ..............1
and here MR = $5 and MC = $3
then production should be increased up to the MC = MR = $5
so correct option is C. increase production
While on a trip to South Africa, Elena was impressed with colorful woven outdoor placemats, floor mats, chair cushions, and umbrellas that local artisans were weaving. Upon returning to the U.S., she was confident that U.S. consumers would be as intrigued by these accessories as she was. Elena decided to explore the possibility of starting an import business to bring these products to the U.S. Which of the following statements seems to be good advice for Elena?A. Learn from others who import goods from abroad, and particularly from Africa.B. Make certain that you have twice the cash necessary to make your first purchases.C. Before performing a feasibility study, form your legal business status.D. Since most import businesses are also export businesses, find a U.S. product South Africans would be willing to buy.
Answer:
D. Since most import businesses are also export businesses, find a U.S. product South Africans would be willing to buy.
Explanation:
Also she should hear from others who import and export goods from Africa and US and vice-versa.
Answer:
Learn from others who import goods from Abroad and particularly from Africa ( A )
Explanation:
The best way to explore business opportunities is to conduct a market survey and this survey includes learning what the consumers want and as well as learning form the already existing suppliers of the products. learning from the suppliers will help inform you on the steps to take to be successful in the business and also know how profitable the business venture would be in the short and long run.
Elena wanting to go into importation of goods from Africa will need to learn from others who are already importing from Abroad especially from Africa were her target market for the supply of her product is located that way she will get a proper insight of what the business of importation is all about
The police power of the states: a. has no federal limitations. b. can extend to interstate business. c. has been severely curtailed in recent years. d. none of the above
The police power of the states can extend to interstate business.
Explanation:
The 10th amendment to the Constitution in the USA grants States "not reserved to the United States" privileges and responsibilities. This allows States authority to create and enact laws that protect the protection, defense and safety of the people.
The States are interpreted as bound by their terms, and as substantive denials of the right to interfere with the internal activity of the separate States, with the exception, in reality, of any other authority specifically granted or obtained as required and effective means of implementing it.
The Senate had held that any person engaging in interstate commerce liable to "all" employees, including those who has intrastate operations alone, in spite to negligence-related accidents, without clear dependence on the tenth amendment, in the workers ' liability cases. The court ruled that this act has not been unconstitutional.
Use the concepts of gross investment and net investment to distinguish between an economy that has a rising stock of capital and one that has a falling stock of capital. ""In 1933 net private domestic investment was minus $6 billion. This means that in that particular year the economy produced no capital goods at all.""
Answer:
The statement is false
Explanation:
The economy in 1933 had negative investment, but that doesn't mean that it didn't produce any capital goods during the year.
A negative net investment means that the money invested in new capital goods was less than the depreciation of existing capital goods. Theoretically it can also result form no new capital gains, but in real life that doesn't happen.
At the equilibrium price, Multiple Choice there are forces that cause price to rise. quantity supplied may exceed quantity demanded or vice versa. there are no pressures on price to either rise or fall. there are forces that cause price to fall.
Answer:
There are no pressures on price to either rise or fall.
Explanation:
Equilibrium price refers to the market price at which the amount of quantity supplied is exactly equal to the amount of quantity demanded. At this point, the market supply curve and the market demand curve intersect each other.
This price would be determined by the market forces such as demand and supply of the goods.
A vertical analysis calculates percentages to compare the parts of an individual statement to the whole. For example, on an income statement, each item could be shown as a percentage of net sales.1. True2. False
Answer:
False
Explanation:
On an income statement, each item should be shown as a percentage of total sales (not net sales).
A vertical analysis uses percentages to compare different items one a financial statement using a base account. Total sales is used as the base account on an income statement, and total assets are used as the base account on a balance sheet.
One desired outcome of analyzing strategic factors is identifying niches where an organization can use its ________ to take advantage of a particular market opportunity.
Answer: Core competency.
Explanation:
The Core competencies of a business are particular areas of strength a business possess that can only be found in that particular business and that gives the business a competitive advantage. Properly analysing a target market can help a business identify areas their core competencies can help them dominate in that particular target market.
The phenomenon of ________ describes situations in which group pressures for conformity deter the group from critically appraising unusual, minority, or un-popular views. a. groupshift.b. satisficing.c. social loafing. d. group think. e. group polarization.
Answer:
groupthink is correct ✅
The correct option is D. The phenomenon of groupthink describes situations in which group pressures for conformity deter the group from critically appraising unusual, minority, or unpopular views.
Groupthink refers to poor decisions made by a group under duress. A person's efficiency and capacity deteriorate under pressure. Due to the strain of the group, judgmental abilities deteriorate.
What is groupthink in teamwork?Groupthink is a phenomenon that happens when team members collaborate too well and allow their desire to fit in to come in the way of making rational decisions. The consequences of that can sometimes be disastrous.
Groupthink is a type of thinking wherein individuals within small, cohesive groups have a tendency to accept an idea or judgment that they perceive to be shared by the group as a whole, regardless of whether they feel it to be true, accurate, or preferable.
Groupthink is primarily caused by a number of factors. These include the stress associated with making decisions, general group isolation, group leadership, and group cohesion. Due to the interpersonal drive to fit in, a close group with high degrees of cohesion has less verbal conflict.
Thus, The right answer is D. Group pressures for conformity prevent individuals from objectively evaluating uncommon, minority, or unpopular viewpoints, which is a phenomenon known as groupthink.
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Which activities are often required of someone who is in the performing arts?
writing creatively, remembering a script, and entertaining people
going on auditions, using pottery wheels, and scheduling tasks
creating artwork, designing a dance routine, and interviewing people to get information
coordinating performances, attending events to market themselves, and operating technical equipment
Answer:
Writing creatively, remembering a script and entertaining people.
Explanation:
Performing arts is an art in where the artists show the artistic expressions by the use of their voices, bodies or inanimate objects. All the disciplines involved in performing arts are performed in front of a live audience. The artists are called Performers. They can be comedians, magicians, circus artists, musicians, actors, dancers, singers etc. and entertain the People.
It is important in performing arts that artists know to write an script creatively so that it can gain attention and influence the audience. Similarly remembering the script in a right way with required expressions is also important before performing in front of audience.
Answer:
Writing creatively, remembering a script and entertaining people.
Explanation:
About __________ of the world's population lives in the thirty-five low-income economies, where most people engage in agricultural pursuits, reside in nonurban areas, and are impoverished.
Answer:
About HALF of the world's population....
Explanation:
As quoted by world Bank in 2005.
A company's 2013 year-end balance sheet included the following: Jan. 1 Dec. 31 Accounts Receivable $80,000 $100,000Inventory $60,000 $70,000Prepaid Expenses $100,000 $75,000Accounts Payable $120,000 $100,000 Deferred Revenue $65,000 $95,000 The company's net cash from operating activities on its 2013 Statement of Cash Flows is $200,000. Current year depreciation expense is $25,000. What amount should the company report as net income for 2013? A. $130,000.B. $170,000.C. $175,000.D. $230,000.
Answer:
B. $170,000.
Explanation:
X company
statement of cash flow
For the year ended
Net income (balancing) (Note - 1) $170,000
Cash flow from operating activities
Depreciation expense $25,000
Increase in account receivable $(20,000)
Increase in inventory $(10,000)
decrease in Prepaid Expenses $25,000
Decrease in Accounts Payable $(20,000)
Increase in Deferred Revenue $30,000
Cash flow $30,000
Net cash flow from operating activities $200,000
Note 1:
Net cash flow from operating activities - Total changes in working capital= $200,000-$30,000 = $170,000.
To calculate the net income for 2013, analyze the changes in the balance sheet accounts. Adjust the cash from operating activities by considering the changes in each account. The correct answer is not provided in the multiple-choice options.
Explanation:To determine the net income for 2013, we need to analyze the changes in the company's balance sheet accounts. The accounts that affect net income are Accounts Receivable, Inventory, Prepaid Expenses, Accounts Payable, and Deferred Revenue. Here are the steps to calculate the net income:
Calculate the change in Accounts Receivable: $100,000 - $80,000 = $20,000Calculate the change in Inventory: $70,000 - $60,000 = $10,000Calculate the change in Prepaid Expenses: $75,000 - $100,000 = -$25,000Calculate the change in Accounts Payable: $100,000 - $120,000 = -$20,000Calculate the change in Deferred Revenue: $95,000 - $65,000 = $30,000Next, adjust the net cash from operating activities by adding back the decrease in Prepaid Expenses and decrease in Accounts Payable and subtracting the increase in Accounts Receivable, increase in Inventory, and increase in Deferred Revenue:
$200,000 + (-$25,000) + (-$20,000) - $20,000 - $10,000 - $30,000 = $95,000
Therefore, the net income for 2013 is $95,000. The correct answer is not provided in the multiple-choice options.
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In which case did the U.S. Supreme Court determine that the federal government did not overstep its bounds under the commerce clause when it enacted the Controlled Substances Act of 1970?
a. Shepard v. U.S.
b. Gonzalez v. Raich
c. Obergefell v. Ohio
The U.S. Supreme Court determine that the federal government did not overstep its bounds under the commerce clause when it enacted the Controlled Substances Act of 1970- Gonzalez v. Raich Case
Explanation:
Gonzales v. Raich was a case in which Raich was permitted to grow and use Marijuana for medical purposes but the federal agents seized the marijuana plantation and destroyed it.
Raich then seeked action under the federal Comprehensive Drug Abuse Prevention and Control Act (CFA). In the decision taken by the U.S Supreme court under the commerce clause of the US Constitution,that the congress has the power to criminalize the use and production of home-grown marijuana even if state law allows its use for medicinal purposes.
Consumer surplus is the a. amount of a good consumers get without paying anything. b. amount a consumer pays minus the amount the consumer is willing to pay. c. amount a consumer is willing to pay minus the amount the consumer actually pays. d. value of a good to a consumer.
Answer:
C) amount a consumer is willing to pay minus the amount the consumer actually pays.
Explanation:
Consumer surplus is a situation in which a consumer is willing to pay more for a product but he/she actually pays less that is he pays a lesser price compared to what he is willing to pay.
For example, a consumer is willing to pay $5 for a magazine but when he got to the mall, the price of the magazine is $4. The consumer surplus will be price he is willing to pay minus the price he bought it.
Consumer surplus= $5-$4
=$1
Consumer surplus is the difference between between the willing price of a consumer and the actual price paid(lesser than the willing price). It is a benefit to the consumer because they pay less than what is expected at the same value of satisfaction.
Consumer surplus is represented on a supply and demand curve by the area between the equilibrium price and the demand curve.
A web designer quits a project where she was paid $50,000 on completion of the project. She starts a new company with sales revenues of $550,000 last year, while spending $250,000 on compensation for employees (excluding herself), $70,000 on capital, and $30,000 on materials. What was the firm’s economic profit?
Answer:
$150,000
Explanation:
Amount paid after project completion was =$50,000
The sales revenue for the new company = $550,000
Total deductions =$(250,000+70,000+30,000)=$350,000
Economic profit is the difference between the earned revenue from sell of outputs and cost of all inputs used and any opportunity costs.
In this case, opportunity cost will be the amount received by the web designer after the quit of the project.
Economic profit = $550,000 - $350,000-$50,000 = $150,000
Final answer:
The firm's economic profit is calculated by subtracting both explicit and implicit costs from the total sales revenue. With sales revenues of $550,000 and explicit costs of $350,000, the accounting profit comes to $200,000. After considering the implicit cost of $50,000 for quitting the previous job, the economic profit totals $150,000.
Explanation:
Economic Profit Calculation
To calculate the economic profit for the web designer's new company, we need to consider both explicit and implicit costs. The explicit costs here include compensation for employees ($250,000), capital expenditures ($70,000), and materials ($30,000). The total explicit costs thus amount to $350,000 ($250,000 + $70,000 + $30,000). With a sales revenue of $550,000, this leaves us with an accounting profit of $200,000 ($550,000 - $350,000).
However, to find the economic profit, we must also include the opportunity cost of the web designer quitting a project that would have paid $50,000 upon completion. Therefore, the economic profit is calculated by subtracting this implicit cost from the accounting profit, leading to an economic profit of $150,000 ($200,000 - $50,000).
9 . What should a manager do if a guest displaying visible signs of intoxication refuses assistance, and attempts to leave the premises with the intention of driving away?
Answer:
The manager should call the police.
Explanation:
If an intoxicated guest insist on leaving the premises with the intenet of driving, the manager should call the police to stop the individual from going away.
Lenny works for Mechanical Engineers, P.A. While working on a Mechanical Engineers project, Lenny is injured. Under state workers’ compensation laws, Lenny will be compensated only if his injury was?a. ?accidental.b. ?intentional.c. ?material.d. ?incidental.
Answer: accidental.
Explanation: under the state workers compensation laws, Lenny would be compensated only if his injury was accidental. The law aims to protects employers from dooming civil claims and enables both casual and full-time employees to claim compensation directly from the Fund for work-related injuries and disability.
Furthermore, state compensation laws are put in place in every state to protect employees against loss of income and for medical payments because of work-related injuries, accidents, illness, or disease.
Quality services is an organization that operates several companies that market food products. True or False
Answer:
True
Explanation:
Quality Services is an organization that operates several companies that market food products, restaurant equipment, and paper and plastic products.
Answer:
True
Explanation:
Quality services is a company that is involved in the operation of several companies accross the North East and Yorkshire for over a decade. They run a fleet of over 25 vehicles that brings fresh produce to national chains, restaurants, retailers, government, and educational institutions.
Primarily supply involves fresh fruits, vegetables, cheese, diary, dried goods, and preserves. Prepared fresh produce promotes customer convinience as they will save time and money, instead of waiting for preparation of produce.
It also has a section that counsels restaurant owners, and assists with launch of new restaurants.
A company has a "bring your own device" (BYOD) policy for computers; anyone can just go out and buy whatever computer they want. Which stage of the hardware lifecycle does this scenario belong to?
Based on the company's bring your own device (BOYD) policy for computers, this scenario belong to procurement stage of the hardware lifecycle.
What is a hardware lifecycle?A hardware lifecycle can be defined as a holistic methodology that defines the key steps, phases, or stages for the management of an information technology (IT) hardware such as a computer, router, switch, etc.
Basically, the phases of hardware lifecycle management include the following:
Procurement or leaseDeployment and installationMaintenanceUpgradeBased on the company's bring your own device (BOYD) policy for computers, this scenario belong to procurement stage of the hardware lifecycle becuase all end users can go out and procure (purchase) whatever computer they want.
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There are five basic steps to personal financial planning and their related tasks. Arrange these steps and examples of related tasks in the order of their presence during the financial planning process.
A. Develop a plan of action. Develop a budget matching income and projected expenses for the remainder of this academic year.
B. Evaluate your financial health. Record all expenses for a month to compare income and expenses.
C. Review progress on the plan, reevaluate the plan, and revise the plan or start over with a new one. Based on this year, develop a revised budget for next year based on projected income and expenses.
D. Define your financial goals. Pay off credit card(s) by the end of this school term.
E. Implement the plan. Reduce expenses in problem areas so amounts do not exceed budgeted projections.
Answer:
B. Evaluate your financial health. Record all expenses for a month to compare income and expenses.
D. Define your financial goals. Pay off credit card(s) by the end of this school term.
A. Develop a plan of action. Develop a budget matching income and projected expenses for the remainder of this academic year.
E. Implement the plan. Reduce expenses in problem areas so amounts do not exceed budgeted projections.
C. Review progress on the plan, reevaluate the plan, and revise the plan or start over with a new one. Based on this year, develop a revised budget for next year based on projected income and expenses.
Explanation:
The five basic steps of financial planning are evaluate, define, develop, implement, and review, or EDDIR for short. It basically by knowing your current position and defining how you want to be in the future. Then you must develop a plan and try to implement that plan. After some prudent time, you should go back and review if the plan was successful or not.
Zeal is a popular automobile brand, and its positioning statement reads as follows: "For upscale American families who require large vehicles, Zeal is the automobile of choice." Which of the following mandatory elements is missing from the positioning statement? A) point of difference B) target audienceC) brand nameD) product categoryE) need
Answer:
is d
Explanation:
After the buyer and the seller have signed a sales contract, the seller changes his mind and defaults. The buyer sues the seller to force him to go through with the contract. This is known as a suit for ...
-specific performance
Answer:
The correct answer is Specific Performance.
Explanation:
Specific performance is a court order that compels a party to perform a specific act, usually what is stated in a contract. It is an alternative to damages and is classified as a fair remedy generally in the form of injunctive relief regarding confidential information or real property. Although a specific execution can take the form of any kind of forced action, it is generally used to complete a previously established transaction, making it the most effective remedy for protecting the interests of the innocent party to a contract. It is generally the opposite of an injunction, but there are mandatory injunctions that have a similar effect to specific compliance.
Asa has a contract with Phil to personally provide fortune-telling services at Phil's daughter's birthday party. Phil's daughter decides she does not want to have a fortune teller at her birthday party, so Phil tries to assign the right to Asa's services to his neighbor, Steve. Steve:
a. can enforce the contract with Asa because Phil has assigned the rights to him.
b. can enforce the contract with Asa only if there is written documentation of Phil assigning the rights to Steve.
c. can enforce the contract with Asa only if he pays double the originally agreed price.
d. cannot enforce the contract with Asa, because rights to receive personal services cannot be assigned.
Answer:
a
Explanation:
because they signed it
Due to the prohibition against assigning rights to obtain personal services, he is unable to implement the agreement with Asa. As a result, choice (D) is the right response.
What is a contract?A contract is an enforceable legal arrangement that establishes, details, and regulates the rights and duties of the parties. The transfer of commodities, services, money, or a promise to transfer any of those at a later time is a common component of contracts.
The damaged party may seek legal remedies like damages or rescission in the event of a contract breach. Agreements must be kept, which is the foundation of contract law, a branch of the law of obligations that deals with contracts.
If a promise is broken, the law offers the damaged party remedies, frequently in the form of monetary compensation or, in rare instances, in the form of explicit fulfillment of the broken promise.
Hence, option (D) is correct.
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The rental income generated by a lease can depend significantly on the proportion of property-level operating expenses paid by the tenant. In which of the following types of leases is the tenant responsible for all operating expenses?1. Gross lease2. Net lease 3. Net-Net lease4. Triple net lease
Answer:
4) Triple net lease
Explanation:
In a triple net lease (NNN lease), the tenant is responsible for all the expenses related to the leased property including property taxes, maintenance fees, reparations and property insurance. NNN leases are usually commercial leases only.
The landlord's disadvantage with a NNN lease is that the monthly lease payment tends to be lower since the tenant assumes all the costs related to the leased property. On the other hand, a NNN lease generally provides a stable cash flow, so its associated risk is lower.
The nursing CEO has discussed implementation of EBP at hospital wide meetings. She is leading a team to incorporate EBP terminology into the vision and mission of the institution. She is also advising the multidisciplinary leadership team to incorporate evidence-based practice expectations into the performance appraisals of all staff members. The chief executive nursing officer is modeling:
A. continuous quality improvement methodology and techniques
B. marketing tactics that will help familiarize the staff with new terminology
C. professional duties for new protocol acceptance throughout the institution
D. strategies for incorporation of evidence-based practice into the infrastructure of the organization
D. strategies for incorporation of evidence-based practice into the infrastructure of the organization
The chief executive nursing officer is modeling: D. strategies for incorporation of evidence-based practice into the infrastructure of the organization.
Explanation:
Evidence-based practice in nursing field helps the clinicians to achieve better problem-solving approach. The nursing staff gets guidance from clinician's expertise, well-designed studies, patient values and preferences.
EBP can help in providing the most effective care for patients. The patients are given best care based on the available evidence. This helps in improving the outcome of patients.
Nursing staffs following the evidence-based practice gets improved patient outcomes.
In the above scenario, the nursing staffs are advised to follow the evidence-based practice to increase the performance of all staffs.
The correct choice is D. The chief executive nursing officer is modeling strategies for incorporating evidence-based practice into the organization by embedding EBP terminology in the institution's vision and mission.
The correct choice is D. This involves embedding EBP terminology into the vision and mission of the institution, and aligning performance appraisals with EBP expectations.Evidence-based practice (EBP) is a lifelong problem-solving approach that integrates the best evidence from well-designed research studies and evidence-based theories; clinical expertise and evidence from assessment of the health care consumer's history and condition, as well as health care resources; and patient, family, group, community, and population preferences and values. Incorporating EBP into the organizational infrastructure requires leaders to promote and model the use of evidence in decision-making, encourage continuous learning and transparency, and ensure that all team members have the necessary information, resources, and support to provide high-quality, safe patient care.Each company must divide up the total market, choose the best segments, and design strategies for profitably serving chosen segments. This process involves market segmentation, ________, differentiation, and positioning.
Answer:
Market targeting
Explanation:
Market targeting is a process of selecting the target market from the entire market. Target market consists of group/groups of buyers to whom the company wants to satisfy or for whom product is manufactured, price is set, promotion efforts are made, and distribution network is prepared. Market targetting involves breaking a market into segments and then concentrating your marketing efforts on one or a few key segments.
The process referred to in the question includes market segmentation, targeting, differentiation, and positioning. Product differentiation, a key part of this process, involves strategies to make products seem different from competitors. This concept is closely related to the available variety in the market.
Explanation:The process of a company dividing up the total market, choosing the best segments, and designing profitable strategies to serve those segments involves steps like market segmentation, targeting, differentiation, and positioning. The product differentiation part of this process involves firms taking action to make their products seem different from their competitors. This can be achieved in multiple ways, such as through the physical aspects of the product, location from which it sells the product, intangible facets of the product, and managing perceptions of the product. Differentiated products stand out in these ways.
Moreover, the concept of differentiated products is closely linked to the degree of variety available. A market with more variety in styles, flavors, locations, and characteristics can lead to product differentiation and monopolistic competition, moving the economy away from perfect competition.
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If 39,100 dollars is invested at an interest rate of 7 percent per year, find the value of the investment at the end of 5 years for the following compounding methods. (a) Annual: Your answer is (b) Semiannual: Your answer is (c) Monthly: Your answer is (d) Daily: Your answer is (e) Continuously: Your answer is
Answer:
Explanation:
using the compound formula that is = S=p(1+i)^n
S is the future payment
P is the current investment
I is the rate of return
N is the time period
(a) Annual
S=p(1+i)n
S=39100(1+7%)^5
S=39100*1.402551731
S=54839.77267
(b) Semiannual:
Rate semi annualy = 7%*/2 = 3.5%
N total payments = 5*2 = 10
S=p(1+i)n
S=39100(1+3.5%)^10
S=39100*1.410598761
S=55154.41154
(c) Monthly:
Rate monthly = 7%*/12 = 0.5833%
N total payments in months = 5*12 = 60
S=p(1+i)n
S=39100(1+%)^60
S=39100*1.417597072
S=55428.04551
(d) Daily:
Rate monthly = 7%*/365 = 0.0192%
N total payments in months = 5*365 = 1825
S=p(1+i)n
S=39100(1+0.0192%)^1825
S=39100*55505.87288
S=55505.87288
(e) Continuously
S=p/i
S=39100/0.07
S=558571.4286