6. what if mcgarvey manufacturing wants to estimate purchasing cost for the coming year and expects 5,330 purchase orders? what will estimated total purchasing cost be?
Answers
To estimate the total purchasing cost for the coming year, we need to multiply the number of expected purchase orders by the average cost per order. In this case, McGarvey Manufacturing expects 5,330 purchase orders.
To find the average cost per order, we need more information. If we have the total purchasing cost for the previous year and the number of purchase orders made, we can divide the total cost by the number of orders to find the average cost per order.
For example, if the total purchasing cost for the previous year was $100,000 and there were 1,000 purchase orders, the average cost per order would be $100 ($100,000 divided by 1,000).
Once we have the average cost per order, we can multiply it by the expected number of purchase orders to find the estimated total purchasing cost for the coming year.
For instance, if the average cost per order is $100 and there are expected to be 5,330 purchase orders, the estimated total purchasing cost would be $533,000 ($100 multiplied by 5,330).
Remember, these calculations are based on the assumption that the average cost per order remains constant throughout the coming year.
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Related Questions
What does this mean
“MY LONG-TERM CAREER GOAL TODAY IS TO BECOME A”
Answers
Explanation:
what this means is it is asking what kind of job or career you want to be. an example is :
i want my career to be a doctor.
so basically this is just a fancy word for job.
What is the interest earned in a savings account after 12 months on the balance of $1000 if the interest rate is 1% APY compounded yearly
Answers
The the interest earned in a savings account after 12 months on a balance of $1000, with a 1% APY compounded yearly, is $10.
How to calculate the interest earned in a savings accountUsing the formula for compound interest:
A = P(1 + r/n)^(n*t)
Given:
P = $1000
r = 0.01 (1% in decimal form)
n = 1 (compounded yearly)
t = 1 year
Substituting the values into the formula:
A = 1000(1 + 0.01/1)^(1*1)
A = 1000(1.01)^1
A = 1000(1.01)
A = 1010
The final amount after 12 months is $1010.
To find the interest earned, we subtract the initial balance from the final amount:
Interest earned = A - P
Interest earned = $1010 - $1000
Interest earned = $10
Therefore, the interest earned in a savings account after 12 months on a balance of $1000, with a 1% APY compounded yearly, is $10.
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The law that protects minors from their contractual commitments is not intended to deny them the opportunity to enter into __________ that are not provided by their parents, or a guardian.
Answers
The law that protects minors from their contractual commitments is not intended to deny them the opportunity to enter into contracts that are not provided by their parents or a guardian.
Minors, individuals who have not reached the legal age of adulthood, are generally protected by the law from certain contractual commitments. These protections are in place to safeguard minors from entering into agreements that they may not fully comprehend or that may be disadvantageous to them due to their limited capacity for judgment and decision-making.
However, it is important to note that the law does not aim to completely restrict minors from entering into any contracts. There are certain types of contracts that minors are allowed to enter into, even without the involvement or consent of their parents or legal guardians. These contracts typically involve necessities and essential services that are crucial for the minor's well-being, such as contracts for basic medical care, education, employment, and certain types of insurance.
The intention behind this provision is to ensure that minors have access to necessary services and opportunities that can contribute to their personal development and welfare. By allowing minors to enter into such contracts, the law recognizes their capacity to make informed decisions in specific circumstances and grants them the autonomy to engage in transactions that are essential for their own benefit.
The law that protects minors from their contractual commitments is not meant to completely restrict their ability to enter into contracts. While there are limitations and safeguards in place to protect minors from potentially exploitative or disadvantageous agreements, the law also recognizes the importance of allowing minors to enter into contracts that provide them with essential services and opportunities necessary for their well-being and personal development.
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Making Decisions It is Friday, Homecoming, and the big game with a rival school is tonight. You have an after-school job, and you have been saving for the big event for the past month. BUT, you had to purchase two new tires for your car; and now you only have $40 to spend. You need to get gas, pay to get into the game, and you had planned to take your date out to eat after the game before you go the Homecoming dance. Answer each question in complete sentences using proper grammar and punctuation: 1. Do you have enough money to do all that you had planned? 2. If gas costs $3.00 per gallon, what factors will determine how much gas you purchase? 3. We will assume that you and your date will get into the game for free since you are students. Will you have enough to take your date to dinner after the game, once you purchase gas for your car? 4. Would you be better off to cancel the whole night's plans? Justify your answer...tell why you made your choice.
Answers
Answer:
1. No
2.If you are on a budget it depends if you want to purchase $50 or another amount, while if you want to fill up the gas tank it depends on the cars' capacity. Some cars can take up to 11 gallons of gas, so if wanting to fill up the tank you would need to spend $33.
3. no because i will have 6 dollars left.
4. yes and chill at home with my date, im sure he/she will understand unless they will help pay for it or ask parents.
JUSTIFYING ANSWER= i choose to be this way because first off i would save my money once i even found about homecoming.
Explanation:
A clothing store has ordered a new supply of jeans for the fall season and wants to sell off the remaining items from the previous spring. What action would the store owner most likely take? The store owner would most likely raise the price of the spring jeans to encourage producers. The store owner would most likely lower the price of the spring jeans to encourage producers. The store owner would most likely raise the price of the spring jeans to encourage consumers. The store owner would most likely lower the price of the spring jeans to encourage consumers
Answers
The action that the store owner would likely take is that : The store owner would most likely lower the price of the spring jeans to encourage consumers.
What is supply?
Supply refers to the quantity of goods that a seller is willing to sell at a given price in a given period of time. It has a positive relationship with price of commodity, which means supply increases with increase in the commodity's price.
There is also law of supply which states that the quantity of a good supplied increases as the price increases and vice versa.
Hence, the action that the store owner would likely take is that : The store owner would most likely lower the price of the spring jeans to encourage consumers.
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Answer:
D
Explanation:
4. Identify the accounts affected by the following transaction and show action to take in recording
the accounts in the double entry system.
Transaction
Account to be
credited
Account to be
debited
(i) Owner put cash into business.
(ii) Bought goods for cash.
(iii) Sold goods for cash.
(iv) Received cash for rent.
FDM
(v) Owner withdraws cash from business
for personal use.
Answers
Answer:
Explanation:
A debit entry represent an increase while a credit entry represents a decrease in an expense and asset account . but in a liability and capital account , a credit entry increases and a debit entry decreases the balance
1) Owner put cash into business
Account to be credited Account to be debited
Capital (increases ) Cash (increases)
2)Bought good for cash
Cash (decreases) Merchandise Inventory (increases)
3) Sold goods for cash
Merchandise inventory(decreases ) Cash (increases)
4)Received cash for rent
Rental income(increases) Cash ( increases)
5)Owners withdraw cash
Cash (reduces) Drawing (increases)
Describe what is meant by a compensation philosophy, and what
the philosophy should entail. Emphasize why a compensation
philosophy is important in the development and management of an
organization’
Answers
A compensation philosophy is a structured method that establishes how an organization's compensation package will be structured to attract, reward, and retain employees. It is used to describe the reasons for providing compensation and how it can help to achieve the company's objectives.
The philosophy should include the organization's goals and objectives, its employment strategy, and its management philosophy. A compensation philosophy should also describe how the organization's compensation package is structured to attract, reward, and retain employees.A compensation philosophy should entail the following:1. Competitive wages: The organization's compensation package should be competitive with similar businesses in the industry, or the organization risks losing talented workers to other businesses.2. Clear and concise communication: The organization should communicate with employees to help them understand the reasons for the compensation package.3. Employee participation: The employees should be involved in the development of the compensation philosophy, as well as in the review process.4. Incentives and rewards: The compensation package should include incentives and rewards to encourage employees to work hard and achieve the organization's goals.5. Fairness and equity: The compensation package should be fair and equitable to all employees to avoid resentment or dissatisfaction.A compensation philosophy is important in the development and management of an organization because it helps to attract, retain and motivate employees. In addition, it helps to maintain competitiveness and encourages employees to achieve the organization's goals. It also assists in the development of a clear communication process between the organization and its employees.
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For her purchase, Nadine selects the best deal from two coupon codes offered by a store, one that she received by email and one from a text. Which marketing technique is Nadine benefiting from
Answers
Considering the situation described above, the marketing technique Nadine is benefiting from is known as the "Omnichannel strategy."
This is because the Omnichannel strategy allows business firms to meet their customers' needs right at the point where they are.
Thus, in this case, where Nadine selects the best deal from two coupon codes offered by a store, one that she received by email and one from a text, is a form of Omnichannel strategy.
This is because Nadine got her products or sales right without necessarily moving to the store.
Hence, in this case, it is concluded that the correct answer is the Omnichannel strategy.
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what should a firm do in order to be organized to capture value? multiple select question. have a rare and valuable resource have good coordinating systems have a good organizational structure have ceos with forward-thinking vision
Answers
A firm should be organized in order to capture value. The following are some things that a firm can do in order to be organized to capture value: Have good coordinating systems, Have a good organizational structure, and Have CEOs with forward-thinking visions.
Firms must first have good coordination systems in place in order to seize value. This entails ensuring that all teams and departments are operating in tandem with one another to achieve common goals. When all teams are aligned, they can better focus on strategic initiatives that can increase the firm's value.A good organizational structure also aids firms in capturing value. Having a defined organizational structure can aid a company in managing its employees and teams. It guarantees that the company's goals are clearly expressed to all employees, and it provides a solid foundation for workers to function effectively.A firm must also have CEOs with forward-thinking visions in order to capture value. This necessitates the ability to see ahead of the present and to determine what strategies and initiatives will assist the firm in growing in the future.A forward-thinking CEO will be more successful in anticipating and responding to changes in the industry, allowing the company to remain competitive and capture value.Learn more value: about https://brainly.com/question/15904086
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Goals should be manageable and large.
O A.
True
B.
False
Answers
Answer:
B) False
Explanation:
your goals can be above and beyond, may take a while to get there, but u will if u keep trying even if u fail the first time.
Discrimination in the labor market The following table lists the name, gender, height, and minimum wage 10 people are willing to accept to work as sales clerks at a high-end clothing store. Name Gender F Height (Inches) 66 Minimum Wage (Dollars per week) $301 $325 Eileen Kate 66 Poornima $349 Hubert $362 Manuel $386 $410 Valerie F Shen $423 M 70 $447 Dmitri Antonio Caroline $460 M F 68 $484 The lowest wage that the clothing store can pay to hire five sales clerks is $ per week. Suppose the head of the clothing store has a preference for tall employees because he thinks it will increase revenue, and thus, he imposes the restriction that all sales clerks hired must be at least 67 inches in height. Under this new regulation, the wage rate the clothing store must pay to attract five sales clerks rises by $ per week.
Answers
The wage rate the clothing store must pay to attract five sales clerks rises by $626 per week due to the height-based discrimination imposed by the head of the store.
Discrimination in the labor market can manifest in various ways, such as gender bias, racial prejudice, or in this case, height-based discrimination. In the given table, there are ten individuals, their genders, heights, and minimum wage expectations for working as sales clerks at a high-end clothing store.
To determine the lowest wage the store can pay to hire five sales clerks, we need to find the five individuals who would accept the lowest wages.
Taking into account the minimum wage expectations listed in the table, we observe that the five individuals with the lowest wage requirements are Eileen, Kate, Poornima, Hubert, and Manuel. Their corresponding wages are $301, $325, $349, $362, and $386 per week, respectively.
However, the clothing store's head imposes a new regulation that mandates all sales clerks to be at least 67 inches tall. This preference for taller employees is driven by the belief that it will increase revenue. Consequently, individuals who are shorter than 67 inches will no longer be eligible for employment.
As a result of this regulation, Eileen and Kate, both of whom are below the required height, are no longer considered for hire. The new wage rate that the clothing store must offer to attract five sales clerks would then be the sum of the wages of the remaining three eligible candidates: Poornima, Hubert, and Manuel.
Previously, the sum of the wages for the five lowest-paid individuals was $1,723 per week. However, after excluding Eileen and Kate due to their height, the new total wage cost for the three remaining individuals is $1,097 per week.
Therefore, the wage rate the clothing store must pay to attract five sales clerks rises by $626 per week ($1,723 - $1,097). This increase in wage expenditure is a direct consequence of the height-based discrimination imposed by the head of the store.
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What is the difference between an IRA and a 401 K )?
Answers
A 401(k) is a retirement account that you open via your company, whereas an IRA is a retirement account that you open on your own. Both IRAs and 401(k)s provide both regular and Roth choices, with the former requiring pretax contributions and the latter post-tax ones.
Although both accounts are used to save for retirement, a 401(k) is a specific kind of employer-sponsored plan with its own set of regulations. On the other hand, a traditional IRA is an account that the owner creates on their own, independent of their employment. Depending on the person, a 401(k) or an IRA may be a better option. Pretax contributions to a 401(k) are higher than those to an IRA each year. However, an IRA typically has more investment possibilities, giving the account's owner more freedom and flexibility. Keep in mind that a person can possess both.
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Your posture, hand gestures, and eye contact are all examples of what aspect of impression management
Answers
FILL IN THE BLANK. Scenario C. Gabriel, chief executive officer of Chesapeake Financial Inc., sends a memo to his vice presidents regarding new procedures for annual performance reviews. The vice presidents meet informally to discuss the new procedures. When the new procedures are announced to the other employees, they form feedback teams, and these teams draft memos providing feedback to the vice presidents and Gabriel regarding the advantages, disadvantages, and potential problems with the new procedures.
The feedback memos sent by the teams of employees to the vice presidents and Gabriel are examples of ______ communication.
Answers
The feedback memos sent by the teams of employees to the vice presidents and Gabriel are examples of upward communication.
Upward communication is the flow of information from lower levels of an organization to higher levels. In this scenario, the employees are providing feedback to the vice presidents and Gabriel, who are in higher positions within the company.
This is an example of upward communication because the information is flowing from the employees to the executives. It is important for organizations to have effective upward communication in order to ensure that the concerns and suggestions of employees are heard and taken into consideration.
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When someone buys a fourth television for his or her house, what is the
result?
O A. The increase in demand brings leads to higher prices for
televisions.
B. There's a rise in the opportunity cost of buying other goods.
C. The production of televisions becomes more efficient.
D. There's a decrease in the marginal utility of the television.
SUBMIT
Answers
Answer:
The correct answer is D. There's a decrease in the marginal utility of the television.
Explanation:
This is because marginal utility decreases when another of the same product is bought. Thus, this causes a decrease in the marginal utility of the television.
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if fred's marginal rate of substitution of salad for pizza equals 5, then?
a. he will eat five times as much pizza as salad.
b. he will eat five times as much salad as pizza.
c. he would give up five pizzas to get the next salad.
d. he would give up five salads to get the next pizza.
Answers
When MRS of salad for pizza equals 5 then, he would give up five salads to get the next pizza
The ratio of pizza to salad is given by:
MUp/MUs = 5.
Marginal rate of substitution: The quantity of a good that a customer is prepared to consume in comparison to another good, provided that the new item is equally fulfilling, is known as the marginal rate of substitution (MRS) in economics.
Therefore, adding one extra pizza unit will slightly lower his MU. However, giving up one unit of salad would slightly raise his MU. He will therefore be prepared to forego a salad in order to have additional pizza, proving that b is true.
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How important are signs.symbols and designs in relation to carpentry?if you do not have access to internal.you may answer based on your opinion
Answers
Answer:
Symbols—such as gestures, signs, objects, signals, and words—help people understand that world. They provide clues to understanding experiences by conveying recognizable meanings that are shared by societies.
Explanation:
I HOPE IT HELPS PO...☺️☺️☺️if the return distribution for the asset is described as below, what is the standard deviation for the asset's returns? (do not round your intermediate calculations. round your percentage answers to two decimal places.) return probability 12% 15% 10% 50% 7% 35%
Answers
If the asset's return distribution is known, then its standard deviation is 1.79%
Investors may find volatility to be both a difficulty and an opportunity. It is a challenge since a significant loss in portfolio value could occur quickly. At the same time, volatility gives knowledgeable investors the chance to profit from brief price fluctuations and buy stocks at a discount to their true worth.
Let,
pi = probability of state i
Ri = return in state i
The weighted average of all returns will yield the expected return:
R = ∑ pi * Ri
R = (0.15 * 0.12) + (0.5 * 0.1) + (0.35 * 0.07)
R = 0.018 + 0.05 + 0.0245
R = 9.25%
Computation of Standard Deviation:
SD = √∑pi * (Ri - R)²
SD = √0.15 * (0.12 - 0.0925)² + 0.5 * (0.1 - 0.0925)² + 0.35 * (0.07 - 0.0925)²
SD = 1.79%
Therefore, the Standard Deviation for the asset's returns = 1.79%
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The Natural rate of unemployment is: A. Structural unemployment rate plus frictional unemployment rate. B. The actual rate minus the cyclical rate C. A and B Leaning towards A
Answers
Which of the following is true about interest rate risk? A) Shorter term bonds have more interest rate risk than longer term bonds, all else equal. B) Upward sloping yield curves are in large part due to interest rate risk. C) Bonds with longer maturities and lower coupon rates will have less interest rate risk. D) None of the above are true.
Answers
The correct option about interest rate risk is D) None of the above are true.
The correct option is "D".
None of the statements mentioned in options A, B, and C are true when it comes to interest rate risk.
A) Shorter-term bonds typically have less interest rate risk than longer-term bonds. This is because longer-term bonds are more exposed to changes in interest rates over time, which can affect their present value and market price to a greater extent.
B) Upward sloping yield curves are not primarily due to interest rate risk. Yield curves reflect the relationship between the interest rates and maturities of bonds. While interest rate risk can play a role in shaping the slope of yield curves, other factors such as market expectations, economic conditions, and investor sentiment also influence yield curve shapes.
C) Bonds with longer maturities and lower coupon rates tend to have higher interest rate risk. Longer maturities expose the bonds to more interest rate fluctuations over time, while lower coupon rates provide less cushion against changes in prevailing market interest rates.
The correct option is "D".
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The process of marketing and distributing newly issued securities to investors is called:__________
Answers
The process of marketing and distributing newly issued securities to investors is called investment banking.
Investment banking is a branch of banking that coordinates massive, intricate financial transactions like mergers or the underwriting of initial public offerings (IPOs). In addition to underwriting the issuing of new securities for a corporation, municipality, or other entity, these banks may raise money for businesses in a number of other ways. They could oversee an organization's initial public offering (IPO) . Investment banking professionals are acutely aware of the state of the market for investments. They assist their clients in navigating the difficult high finance industry. Investment banking is performed by two groups commercial banks and securities houses.
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This picture clicked by me
How's it
Answers
Answer:
This is absolutely stunning.
Explanation:
I love photography too so this really strikes me. It's well taken, love the softness of it and the clarity of the water. Good job! I'm gonna take a screenshot if you don't mind
Total customer satisfaction is measured based on the relationship of____________.
anticipated and real performance
perceived performance and expectation
advertised outcomes and real outcomes
past experience and present experience
Answers
Total customer satisfaction is measured based on the relationship of perceived performance and expectation.
Customer satisfaction can be described as a customer's overall assessment of the utility received from the purchase of a specific product or service. The degree of total customer satisfaction can be determined using the relationship between perceived performance and expectation.
Customers develop expectations based on prior experience, communication with others, and marketing messages, while perceived performance refers to the degree of customer satisfaction or dissatisfaction with a product or service's actual performance. In order to maintain a high level of customer satisfaction, companies should ensure that the perceived performance of their products or services meets or exceeds customer expectations.
It's also crucial for companies to analyze and respond to customer feedback to identify areas for improvement and deliver an exceptional customer experience. In conclusion, by monitoring customer satisfaction, companies can gain insights into customer loyalty, retention, and growth opportunities. A customer-centric approach is essential for any organization to succeed.
So, total customer satisfaction is measured based on the relationship of perceived performance and expectation.
Thus, second option is the correct answer.
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can regional level employment be converted into national level
employment? Why? Why not ?
Answers
Answer:
The work or occupation for which one is used and often paid is known as employment. If employment is generated in a particular region or a locality only, it is termed as regional level employment and if employment is generated at the national level, it is termed as national level employment.
Explanation:
plz mark me as brilliant plz
Hackers access your
customer database,
which includes
addresses and credit
card numbers. These
customers are now at
risk of identity theft, and
they decide to sue you
for violation of their
privacy.
Answers
Answer:
yes it is true
this is your answer
You decide to save 15% of your realized income. How much do you save per month?
Answers
A sensible savings target for many people is 15% of their yearly salary (including any employer contributions). One can achieve their objective of having one to one and a half times their wage saved for retirement by the age of 35 if they begin saving when they are 25 years old.
How much should I save per month?
50% of your net income should go towards living expenses and requirements, 20% should go towards paying down debt and saving money, and 30% should go towards discretionary spending (wants).
According to the "75/15/10 Rule," you should spend 75% of your income, invest 15%, and save 10%. Every time you are paid, this rule encourages you to priorities investment.
First and foremost, you must save money since it can protect you from a financial emergency. Saving money may also help you feel more financially independent, pay for large expenses, avoid debt, reduce financial stress, and leave a financial legacy.
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A company with two factories learns that by using robots and other high-tech
equipment it can produce the same quantity with just one factory. It decides
to close one of its factories. Under the WARN Act, who must be notified of
this decision?
O A. The workers at both plants and the state and federal departments
of labor
OB. The workers of the plant to be closed, the local government, and
the state's department of labor
O C. The workers at the plant to be closed, the local government, and
the state's dislocated-worker unit
O D. The workers at both plants, the local governments of both
communities, and both states' dislocated-worker units
Answers
Answer:
O C. The workers at the plant to be closed, the local government, and
the state's dislocated-worker unit
Explanation:
The WARN Act seeks to offer protection to workers, their families, and communities by compelling employers to give a 60 notice day in advance of a planned plant closure or intended mass layoffs. The advance notice provides workers and their families time to adjust to the pending loss of employment. It accords workers some time to seek alternative employment or acquire new skills to compete for jobs.
Apart from the affected workers, The WARN act requires employers to notify the state dislocated worker units. This facilitates dislocated worker assistance to be availed promptly to the affected worker. The local government representatives should also be notified.
People who experience FOMO (Fear of Missing Out) may...
A) Go into debt to keep up with everyone else
B) Donate money to a cause they care about
C) Create and stick to a monthly budget
D)Save a percentage of their paycheck each month
Answers
an advantage of a ________ allows a firm to hedge against currency risks. group of answer choices low tqm
Answers
An advantage of a low total quality management (TQM) approach allows a firm to hedge against currency risks.
TQM refers to a management philosophy that focuses on continuous improvement and quality control in all aspects of an organization's operations. While TQM may not directly address currency risks, its emphasis on efficient and effective processes can indirectly contribute to hedging against such risks.
By implementing TQM practices, firms can enhance operational efficiency, reduce costs, and improve overall performance. This improved performance can help firms better withstand currency fluctuations and mitigate potential financial losses associated with foreign exchange rate changes.
TQM involves various principles and practices aimed at improving quality and efficiency throughout an organization. These practices include process optimization, waste reduction, employee empowerment, and customer focus. By implementing TQM, firms can streamline their operations, eliminate inefficiencies, and minimize costs. This increased operational efficiency can provide a competitive advantage and strengthen the firm's financial position, enabling it to better handle currency risks.
When a firm engages in international business activities, it becomes exposed to currency risks, such as exchange rate fluctuations. These fluctuations can impact the firm's profitability and financial stability, especially if the firm has significant foreign currency transactions or operations. However, by adopting a low TQM approach and implementing effective quality control measures, firms can achieve cost savings, reduce waste, and enhance productivity. These improvements contribute to a stronger financial position, making the firm more resilient to currency risks. Additionally, by continuously monitoring and improving processes, firms can identify and respond to changes in the market and adjust their strategies accordingly.
In summary, while a low TQM approach may not directly address currency risks, it offers advantages that can indirectly help firms hedge against such risks. By implementing TQM practices, firms can enhance operational efficiency, reduce costs, and improve overall performance, which in turn strengthens their financial position and enables them to better withstand currency fluctuations.
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How many nickels make 30 cents?.
Answers
A nickel coin is equal to 5 cents. To make 30 cents, we need 6 nickels.
The nickel is the five-cent coin of the United States. Thomas Jefferson, our third president, is depicted on the obverse (heads) of the nickel. Although the current portrait is from 2006, he has been on the cent since 1938.
The United States Mint added a new portrait of Jefferson to the front of the nickel in 2005 to give the currency a more modern appearance. Joe Fitzgerald created the image. The Mint had designed two possible reverse sides of the coin, each with a distinct motif based on "a Westward Journey." One design portrayed the American bison, while the other depicted the Pacific Ocean, the expedition's ultimate aim.
A nickel = 5 cents.
It means that:
2 nickels = 2 x 5 cents = 10 cents
3 nickels = 3 x 5 cents = 15 cents
Therefore, to get 30 cents, we need: 30/5 = 6 nickels.
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