People are harmed by it because it uses resources inefficiently and puts their needs and preferences at risk. Additionally, the quality of the products may be subpar due to a lack of innovation brought on by a lack of competition.
What do you know about command economy?In a political system with a command economy, a central governing body sets both the level of output that is allowed and the prices that can be paid for goods and services. The majority of industries are publicly held.
A free market economy, where supply and demand determine prices and output, is the primary alternative to a command economy.
In contrast to capitalist nations, which have a free market, communist political systems have a command economy.
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What is the best definition of corporate?
A company is a separate legal entity from its shareholders. Many of the same legal rights and obligations apply to corporations as to people.
What does the word "corporate" actually mean?constituted as an association and given by law the obligations and rights of an individual: incorporated. : pertaining to or becoming a corporation. : of, pertaining to, or being the major corporations of a nation or region taken as a unit.: a strategy to reform the corporate structure.
What role does corporation play?The board of directors of an organization should hold regular meetings, maintain control over the company, and have clearly defined roles as a result of good corporate governance. Additionally, a strong risk management system is ensured. One of the foundational elements of any successful company is corporate governance.
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What are the three approaches to measuring economic activity Why do they give the same answer?
The output approach, the expenditure approach, and the income approach are the three various ways that the gross domestic product (GDP) can be calculated. GDP measures all domestic economic activity.
The production, distribution, and consumption of goods and services are all topics covered by the social science of economics. Economics focuses on both the functioning of economies and the actions and interactions of economic players. The study of microeconomics focuses on what are seen as the core elements of the economy, including market and agent behavior as well as the interactions that arise from those behaviors. Individual agents can represent households, businesses, buyers, and sellers, to name few. Macroeconomics is the study of the economy as a system in which production, consumption, saving, and investment coexist. It also examines the factors that affect this system, such as the employment of labor, capital, and land resources, currency inflation, economic growth, and public policies that have an impact on these elements.
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The output approach, the expenditure approach, and the income approach are the three various ways that the gross domestic product (GDP) can be calculated. GDP measures all domestic economic activity.
The production, distribution, and consumption of goods and services are all topics covered by the social science of economics. Economics focuses on both the functioning of economies and the actions and interactions of economic players. The study of microeconomics focuses on what are seen as the core elements of the economy, including market and agent behavior as well as the interactions that arise from those behaviors. Individual agents can represent households, businesses, buyers, and sellers, to name few. Macroeconomics is the study of the economy as a system in which production, consumption, saving, and investment coexist. It also examines the factors that affect this system, such as the employment of labor, capital, and land resources, currency inflation, economic growth, and public policies that have an impact on these elements.
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What are 3 good reasons to have a savings account?
The three good reasons to have a savings account are :
1. To have money set aside for emergencies.
2. To save for a major purchase.
3. To build wealth.
Having a savings account can help ensure that you have money available to you when unexpected costs arise. A savings account can help you save up for larger purchases that may require more money than you have available at the moment. By regularly adding money to a savings account, you can build wealth over time and have access to a large sum of money when you need it. This can be a great way to help you achieve financial stability and security. A savings account can also be used as a way to earn interest on your money, allowing you to grow your savings with minimal effort. It can also be beneficial to have a separate account for retirement savings, as this can help you save for the future without having to worry about dipping into it in the short term. Having a savings account can be a great tool to help you achieve your financial goals and give you peace of mind knowing that you have a secure source of funds.
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A country has a trade deficit of $20 billion with its trading partners (
year. Which change would cause the country to have a trade surplus the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country increases its imports by $30 billion.
C. The country decreases its exports by $10 billion.
D. The country decreases its imports by $10 billion.
D) The nation reduces its exports by $30 billion, the change would result in a trade deficit the following year for the country that had a trade surplus of $20 billion in one year.
When imports rise faster than exports, a trade deficit occurs. If the country increases its exports by $30 billion, decreases its imports by $10 billion, or increases its imports by $10 billion, it cannot have a trade deficit.
As a result, the country will only experience a trade deficit if its exports decrease by $30 billion while the rest of its exports remain unchanged.
With an example, what is a trade deficit?A country has a trade deficit when its imports exceed its exports over a given time period. A negative balance of trade (BOT) is another name for this situation. There are several ways to determine the balance, including: goods (also called " merchandise”), goods and services, and services and goods.
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Full Question = A country has a trade surplus of $20 billion with its trading partners over a
year. Which change would cause the country to have a trade deficit the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country decreases its imports by $10 billion.
O C. The country increases its imports by $10 billion.
O D. The country decreases its exports by $30 billion.
What is an advantage of debt consolidation?
A grocery store in a perfectly competitive market can O freely enter or exit the market.
O ignore profit-maximizing strategies,
O reduce its advertising budget more than its competitors. O differentiate its product with respect to other firms.
A grocery store in a perfectly competitive market can freely enter or exit the market.
Grocery store is a dynamic and highly competitive industry that is only growing. With the economy appearing to be on the mend, industry leaders are seeking a better understanding of shoppers' mindsets. Indeed, grocery retailers will have to respond to four increasingly important trends that will reshape competition in the coming years: the permanent shift in consumer value seeking; the rise of technology-enabled shopping; increased online encroachment; and format and merchandise innovation. Although such high entry and exit costs are common in many markets, firms do not incur costs to enter or exit a market in perfectly competitive markets.
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global companies have five strategies for matching products and their promotion efforts to global markets. designing a product to serve the unmet needs of a foreign nation is which type of global marketing product and promotion strategy?
Designing a product to serve the unmet needs of a foreign nation is product invention type of global marketing product and promotion strategy.
Any invention that is specifically related to, or whose sole application is restricted to, the Product or its creation, production, or usage is referred to as a "product invention."
Product invention is the process of developing new goods or services for international markets. It entails developing something new to satisfy the demands of customers in a specific nation.
The plan and strategies you use in your marketing plan to raise demand for your product or service are what constitute a promotion strategy.
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in the basic eoq model, if d = 60 per month, s = $12, and h = $10 per unit per month, eoq is: ____.
In the fundamental EOQ model, the EOQ is 12 if D = 60 per month, S = $12, and H = $10 per unit each month.
To determine the economic order quantity, use this formula (EOQ)
D= 60 per month
S =$12
H = $10 per unit
Let plug in the formula
Economic order quantity (EOQ) = √2×60 ×12/10
Economic order quantity (EOQ) =√1,440/10
Economic order quantity (EOQ) =√144
Economic order quantity (EOQ) =12
Economic order quantity (EOQ) is equal to 2DS.
The ideal order amount a business should place for its inventory is called the economic order quantity. The order quantity that minimizes the overall holding cost and ordering cost is this one.
Economic order quantity (EOQ) calculations are used by businesses to establish their ideal order size, allowing them to meet demand without going overboard. Inventory managers compute EOQ in order to lower holding costs and surplus inventory.
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true or false? making the steps of your sales process buyer-centric can be as simple as changing their names a little bit.
Making the steps of your sales process buyer-centric can be as simple as changing their names a little bit. - True
Focusing on the needs and interests of the consumer rather than just trying to sell them a product includes making the sales process buyer-centric. It can be accomplished by changing the phase names in a sales process to represent the viewpoint of the buyer. The business can refer to the initial phase as prospecting rather than finding potential clients. This makes it easier to hunt for people who could benefit from what the business offers rather than just finding people to sell to.
The sales process can also include understanding the consumer's wants and pain points. it is essential for the firm to understand what the buyer is looking for and how their product can help solve their problems. The firm can also offer value to the buyer through education, advice, and other resources that can help them make an informed decision.
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1. Identify the true statement regarding budgets: A. The most common length of time for a budget is 18 months. B. The budget development process for the coming year usually starts several weeks before the current year-end. C. Another term for the bottom-up budget development approach is "participative budgeting". D. The majority of small businesses (500 employees or less) do prepare annual budgets.
2. Master budgets: A. Contains two classes of budgets-operating and financial budgets. B. Is a set of interrelated individual budgets that constitute a plan of action for a specified time period. C. The term "budget" is actually a shorthand term for a company's "master budget. D. All of the above statements are true regarding master budgets.
3. Identify the item that would not appear on a cash budget: A. Income tax expense B. Depreciation expense C. Payments for material purchases D. Cash dividends
4
. Identify the false statement regarding the production budget: A. A realistic estimate of ending inventory is essential in scheduling production requirements. B. Will show the number of units of a product to produce in order to meet anticipated sales. C. Is prepared before the Selling and Administrative Expense Budget. D. Is calculated by taking the Budgeted COGS + Desired Ending Finished Goods Units - Beginning Finished Goods Units.
5
. A company reports the following information from its sales account and sales budget: Sales May June $852,000 47,000 Expected Sales: July August September 845,000 55,000 60,000 Cash sales are normally 30% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is: A. $56,500 B. $60,000 C. $55,000 D. $58,500
1) This is a true statement about budgets: (C) Another term for the bottom-up budget development approach is “participative budgeting”.
2) (D) All of the statements are true regarding Master Budget.
3) The item that wouldn't be included in a cash budget is (B) Depreciation expense
4) The production budget misrepresentation is that (D) Is calculated by taking the Budgeted COGS + Desired Ending Finished Goods Units - Beginning Finished Goods Units.
5) The total amount of money that customers are anticipated to pay in cash in September is (B) $60,000
1) Here option (C) is correct because department managers are given a role in creating their own budgets, the bottom-up budget generation approach is also known as participative budgeting.
2) Here option (D) is correct because the aforementioned claims are all accurate. The operating budget and the finance budget both have lower-level budgets that are included in the master budget. The term "master budget," which refers to all lower-level budgets within an institution, is quite inclusive.
3) Here option (B) is correct because Depreciation expense because it doesn't require a financial investment.
4) Here option (D) is correct because Budgeted Sales Units - Opening Stock of Finished Goods + Closing Stock of Finished Goods equals the production budget.
5) Here option (B) is correct because The entire sales value received from the sales budget is used to calculate the anticipated cash collection. The percentage of sales that are anticipated to be collected in the current and next periods is estimated by management.
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dwain hutcheson is a recent college graduate who found himself in debt as a result of credit card expenditures and in need of dependable transportation. hutcheson recently purchased a used motorcycle from speed cycles. in financing the cycle, hutcheson found that he would be making payments to beneficial corp., a company that deals in poor credit risks and short-term loans. hutcheson was dealing with a:
Hutcheson discovered that in order to finance the cycle, he would have to pay Beneficial Corp., a business that deals with short-term loans and risks with bad credit. Hutcheson was corresponding with a financing firm.
Which of the following is an illustration of a social aspect that affects the choices that consumers make?Examples of social factors include family, social position, and peer groups. Additionally, these factors have an effect on customers' purchase choices. These components demonstrate an ongoing and active intake through which people acquire diverse consumption values.
Depository institutions, also referred to as banks, include commercial banks, savings and loans, and credit unions. These institutions borrow money from depositors and lend it to borrowers. finance companies and additional nondepository institutions rely on alternative funding sources like the market for commercial paper.
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Which agile framework breaks workload into?
In Scrum project management, work is split into manageable chunks called Sprints.
Scrum is characterised as a methodology that facilitates teamwork. Scrum employs the idea of the team improvising to learn from experiences, self-organizing, and considering the gains and losses in a team. With all other scrum frameworks and scrum versions, it is used with 66 percent. Therefore, the Agile Framework is utilised to divide work into manageable chunks for team focus and straightforward testing. When a scrum master runs across opposition from outside the scrum team, one way the master can do is collaborate with other scrum masters to tout the efficacy of the Scrum software within the given Organization.
Which agile framework breaks workload into?
-Design Thinking
-Scrum
-Waterfall
-DevOps
-I don't know this yet.
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Can I claim for late delivery?
Get paid for any additional work hours you miss. If your delivery is delayed and you have to take more time off work to wait for a redelivery, you might be entitled to reimbursement.
Am I able to make a claim for a delayed delivery?Your complaint can be made to customer service. You have three options: return the merchandise, obtain a refund, or get money back for your losses. You can lodge a complaint on Voxya, an online platform for consumer grievances. India's well-known marketplace for quickly locating the ideal resolution to customer issues.
How do I complain about a delivery?If your mail is coming late, being delivered erroneously, or there is a problem with an attempted delivery, please contact your neighborhood post office, the Postal Service Consumer & Industry Contact office nearby, or you can submit a complaint online.
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If tertiary consumers have a total of 5 kcals, how much total energy would the producers have?.
As per the tertiary consumers have a total of 5 kcals, total energy would the producers have 10 joules of energy.
Here we need to find If tertiary consumers have a total of 5 kcals, how much total energy would the producers have.
While we using the 10 percent law, we have known that only 10% of the energy is transferred to each trophic level from its lower trophic level.
Therefore, If 5 kcal of energy is available to the producer, then as per the given energy only 1000 joules of energy will be available to the primary consumer and only 100 joules of energy will be available to the secondary consumer.
Therefore, the energy available with the tertiary consumer will be 10 joules of energy.
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rollincoast incorporated issued bbb bonds two years ago that provided a yield to maturity of 11.5 percent. long-term risk-free government bonds were yielding 8.7 percent at that time. the current risk premium on bbb bonds versus government bonds is half what it was two years ago. if the risk-free long-term governments are currently yielding 7.8 percent, then at what rate should rollincoast expect to issue new bonds?
9.2 % is the rate should rollincoast expect to issue new bonds.
How do you calculate yield percentage?The discrepancy between the quantity of product actually produced and the maximum calculated yield is known as the percentage yield. The formula for percentage yield is the experimental yield divided by the theoretical yield multiplied by 100. If the actual and theoretical yields are equal, the percent yield is 100%.The 1996 version of Vogel's Textbook states that yields close to 100% are referred to as quantitative, yields over 90% are referred to as excellent, yields over 80% are very good, yields over 70% are good, yields over 50% are decent, and yields under 40% are referred to as bad.The formula percent yield = actual yield/theoretical yield x 100 is used to calculate yield percentage.Learn more about yield percentage refer to :
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What is the wealth gap caused by?
Income inequality, housing policies, limited educational opportunities, and a lack of support structures causes wealth gap .
The stark disparity between the wealthy, who controlled a third of all wealth, and the poor, who had no savings at all, contributed to the Great Depression. Many people lost their fortunes as the economy deteriorated, and some members of high society were pressured to scale back their opulent lifestyles.
Private property can be passed down from one generation to another, which is another feature of capitalism. As a result, those who inherit money can live comfortably even without working hard. The best private education and careers are available to them. Both inequality of opportunity and inequality of outcome are produced as a result.
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What is a tax or duty to be paid on a particular class of imports or exports?
Answer:
Explanation:A tariff is a direct tax imposed by the government paid on a particular class of imports or exports
Allocation of resources is inefficient only if
O a. producer surplus is zero.
O b. some of the potential gains from trade among buyers are sellers are not being realized.
O c.consumer surplus is equal to producer surplus.
O d. consumer surplus is lower than producer surplus.
Allocation of resources is inefficient only if b. some of the potential gains from trade among buyers are sellers are not being realized.
When is the allocation of resources inefficient ?When a different resource allocation may boost output of any good by even one unit while maintaining the same level of other products, that resource allocation may be deemed inefficient. This indicates that some of the benefits that could come through commerce between buyers and sellers are not being attained.
Allocational efficiency happens when businesses, both public and private, invest their funds in initiatives that will benefit the community and the economy the most. This encourages economic growth.
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What are the most important issues around environmental sustainability?
Environmental sustainability is a broad topic, and the particular concerns that are most crucial will vary depending on the locale and situation. But some of the most urgent global environmental problems that are frequently brought up in connection with sustainability include:
Human actions like the combustion of fossil fuels, which releases greenhouse gases into the atmosphere, are affecting the Earth's climate. The Earth's average temperature rises as a result of these gases' ability to trap heat.
Biodiversity loss: The disappearance of species and ecosystems is a serious problem for the environment. Numerous things, such as habitat loss, pollution, and the introduction of alien species, can contribute to this loss.
The discharge of dangerous compounds into the environment is referred to as pollution. This can involve contamination of the land, water, and air. The environmental and health effects of pollution can be severe.
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The __________ is the difference between an organization's observed and desired performance.
Select one:
a.
issue delta
b.
objective
c.
performance gap
d.
risk assessment
The performance gap is the difference between an organization's observed and desired performance.
A performance gap is considered to be the difference between an employee's current performance and their desired performance. So, it can be said that an employee has a performance gap when they have to perform a certain task in their role.
However, an organization tend to have observed and desired performance. Thus, there is a way to establish whether there is a performance gap in your company is by carrying out a performance gap analysis. It can be seen that the performance gaps cause employees in order to underperform.
Hence, option C is correct.
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federated holdings recently issued $90 par-value preferred stock that pays a 7% dividend rate per year. you estimate that the stock has a required rate of return of 17%. what is the intrinsic value of this preferred stock?
The intrinsic value of this preferred stock is $37.06
What is Preferred stock?The company's preferred stock is a hybrid instrument with characteristics of both equity and debt.
According to information supplied by Federated Holdings:
Par value of the preferred stock = $90
Annual dividend rate = 7%
Required return, Kp = 17%
Computation:
Finding the yearly dividends per share is the first step.
Annual dividend per share = Par value of preferred stock * Annual dividend rate
Annual dividend per share = $90 * 7%
Annual dividend per share = $6.30
The intrinsic share value must then be determined.
Intrinsic share value = Annual dividend per share / Required return on preferred stock
Intrinsic share value = $6.30 / 17%
Intrinsic share value = $37.06
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Discuss Target's Channel Management Procedures.
Target's Channel Management is defined as a process in which a company develops various marketing techniques as well as sales strategies in order to reach the greatest number of customers possible.
What is the Channel Management?Channel management seeks to establish direct communication with customers through each channel. The term “Channel Management” is commonly used in sales marketing.
If the company is successful in achieving this goal, management will have a better understanding of which marketing channel best suits that specific customer base.
Therefore, Target Channel Management is defined as the process by which a company develops various marketing and sales strategies.
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Using data from interviews with customers, researchers at the university of michigan created the ______, a measure of overall consumer satisfaction.
Answer:
American customer satisfaction index
Explanation:
it’s correct
Using data from interviews with customers, researchers at the university of michigan created the American customer satisfaction index, a measure of overall consumer satisfaction.
What is the satisfaction index?An economic indicator that gauges consumer satisfaction across the U.S. economy is the American Customer Satisfaction Index. It is created by the Ann Arbor, Michigan-based American Customer Satisfaction Index.
Three survey questions that gauge various aspects of customer satisfaction with a good or service are weighted to create the customer satisfaction (ACSI) index score. For each question, ACSI researchers estimate the weighting using proprietary software.
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What is resource capability in project management?
Resource capability is the effective utilisation of resources.
Resource capability in project management refers to a team's or organization's ability to use the resources at their disposal to finish the project. This can refer to tangible resources like equipment and supplies and human resources like knowledge and experience. Effective resource capability is crucial to a project's success since it may help guarantee that the required expertise and resources are accessible when they are required.
The development of ways to deal with these problems can assist a project team to identify any potential bottlenecks or limits that may hinder the project's progress. It may be important to evaluate the experience of each team member as well as the availability and distribution of material resources in order to ascertain a project team's resource capabilities. Project managers can use this to identify any areas where additional resources could be required and make appropriate plans as a result.
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What determines how the team knows when a sprint backlog item is done?
Every Scrum Team will outline its very own Definition of Done which will be utilized to determine whether or not a Sprint Backlog item is done.
Who determines the tasks that are required to entire the committed backlog items in a sprint?The improvement team decides what they can accomplish and commit to for the upcoming sprint. This is the place many scrum tasks fail; we much too regularly see that the product proprietor forces product backlog items into a sprint besides having a 100% dedication from the team.
What determines how the crew is aware of when a Product Backlog item is done?The Scrum Team as a complete determines its Definition of Done in opposition to which “completed” Product Backlog gadgets will be compared
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There are four major types of nonrenewable resources: oil, natural gas, coal, and nuclear energy.
What is nuclear energy?A type of energy released from an atom's nucleus, which is composed of protons and neutrons, is known as nuclear energy. Fission, which occurs when atom nuclei split into multiple pieces, and fusion, which occurs when nuclei combine, are the two ways in which this source of energy can be created.Nuclear fusion technology is still in the research and development stage, whereas nuclear fission energy is currently used to generate electricity throughout the world.Utilizing nuclear reactions to generate electricity is known as nuclear power. Nuclear fission, nuclear decay, and nuclear fusion reactions can all produce nuclear energy. Currently, nuclear power plants use the fission of uranium and plutonium to generate the vast majority of the world's electricity from nuclear sources.
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assuming no safety stock, what is the reorder point (r) given an average daily demand of 50 units, a lead time of 10 days, and 625 units on hand? question 11 options: 500 450 550 715
The reorder point, based on the statement and expecting no safety stock, is 500.
What exactly does stock mean?The term "stock" refers to participation rights for any corporation. A share, on the other hand, refers to the stock certificate of a certain corporation. If you own shares of a particular corporation, you are considered a shareholder. Stocks fall into two categories: preferred and common stocks.
Briefing:Average daily demand (D) = 50
Lead time (L) = 10 days
Units on hand = 625
Assuming no safety stock (ss), = 0
The ordering point is equal to D*L+ss.
= 50 * 10 + 0
= 500
Therefore the reorder point is 500.
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question content area the following lots of commodity z were available for sale during the year. line item description units and cost beginning inventory 8 units at $51 first purchase 19 units at $54 second purchase 50 units at $56 third purchase 13 units at $64 the firm uses the periodic inventory system, and there are 25 units of the commodity on hand at the end of the year. what is the ending inventory balance of commodity z using lifo?
The total amount of closing inventory is $1326.
What Is Inventory?Both the raw materials being used production and the finished commodities that are offered for sale are included in the definition of inventory. Inventory is one of a company's most valuable assets due to the turnover of its stock. A vital asset for every firm is inventory.
The 25 units of ending inventory signify that these units will be made up of beginning-of-period inventory.
Thus, of these 25 units, 8 will come from the initial inventory, while the remaining units will come from the initial purchase.
(25-8) = 17
The price of selling inventory is,
8 units at $51 per unit = $408
17 units at $54 per unit = $918
The total amount of closing inventory is = 408 + 918 = $1326
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How do you handle backlogs in agile?
The Sprint Backlog is managed by the Development Team. One of the best practices is the Daily Scrum, which calls for updating the Sprint Backlog every day.
What is Sprint Backlog?It demonstrates in a glaringly visible, in-the-moment way the work that the Developers want to complete during the Sprint in order to achieve the Sprint Goal.
The lone goal for the Sprint is the Sprint Goal. Despite the Developers' commitment to the Sprint Goal, the specific work that will be required to complete it is changeable.
The Sprint Goal, which also encourages teamwork and concentration, encourages the Scrum Team to collaborate rather than take on solo activities.
The Sprint Goal is decided upon and added to the Sprint Backlog during the Sprint Planning meeting. The developers keep the Sprint Goal in mind as they work during the Sprint.
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What are 3 purpose of taxation?
America formally taxes you for the following three reasons:
To produce money for the government. To distribute funds between the wealthy and the needy. To shield against negative externalities.What serves as the main goal of taxation?Paying for governmental spending is the most fundamental purpose of taxes. Taxes have been defended and explained in many different ways over the course of history. By providing funding for their armies and defenses, early taxes benefited the ruling class. Heavenly or supranational rights are common sources of taxing power.
Taxes are the principal source of revenue for the majority of governments. This money is used for a number of things, such as paying for public services like hospitals, schools, and social services as well as improving and maintaining public infrastructure, such as the roads we use to travel.
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