if concrete costs $163.50 per cubic yard, what is the cost of the concrete material required for the new building addition perimeter grade beams?
Answers
To calculate the cost of the concrete material required for the new building addition perimeter grade beams, we need to know the volume of the concrete required. Assuming that the grade beams have a rectangular cross-section, we can use the formula: Volume = length x width x height
Let's say the length and width of the grade beams are both 20 feet, and the height (or thickness) is 2 feet. Then, the volume of one grade beam would be: Volume = 20 ft x 20 ft x 2 ft, Volume = 800 cubic feet. Since we are given the cost of concrete per cubic yard, we need to convert the volume from cubic feet to cubic yards. One cubic yard is equivalent to 27 cubic feet, so: Volume in cubic yards = 800 cubic feet ÷ 27 cubic feet per cubic yard, Volume in cubic yards = 29.63 cubic yards (rounded up to 30 cubic yards)
In construction projects, concrete is one of the most commonly used materials. It is used for various applications such as foundations, walls, floors, and pavements, to name a few. When using concrete, it is important to determine the volume required and the cost of the material. In this case, we need to determine the cost of the concrete material required for the new building addition perimeter grade beams. To calculate the cost of the concrete material required, we first need to determine the volume of concrete needed. The volume of concrete required for the grade beams depends on the size and shape of the beams. Since we are given that the grade beams have a rectangular cross-section, we can use the formula: Volume = length x width x height
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Related Questions
The contract provision that says the buyer accepts the property along with any covenants, restrictions, easements, and zoning laws is called what
Answers
Answer:
Subject to clause.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation that is enforceable by law.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
In a nutshell, mutual assent connotes agreement, acceptance and consent to a contract by both parties.
Hence, the contract provision that says the buyer accepts the property along with any covenants, restrictions, easements, and zoning laws is called subject to clause.
Under a subject to clause, the buyer shall agree to the terms and conditions binding or set forth in the contract by the seller.
This ultimately implies that, there exist an agreement to sell and purchase by the two (2) parties (seller and buyer).
Your audit firm has recently accepted a new client, Crafts PLC, a manufacturer of building materials (cement, mortar and bricks). The company has experienced rapid growth in the last three years. The company’s financial year ends on 31st December. Crafts PLC has yet to have its financial statements audited since the company has recently changed from a limited liability partnership to a PLC.
Given the soaring demand for the building materials, the Crafts PLC requires high levels of inventory. This has led the company to request an increase in its bank overdraft facility. The company’s financial analysts and bankers have suggested that an external audit is performed on Crafts PLC’s financial statements for the year ending 31st December 2021. The company's bankers have requested that an audit is undertaken on the financial.
On 31st December, Crafts PLC’s inventory includes raw materials, work-in-progress and finished goods. Crafts PLC does not perform perpetual inventory counting. However, it does conduct a full inventory count but does intend to perform a full inventory count on 31st December. Crafts PLC employs a standard costing system to calculate work in progress and finished goods.
Required:
(a) Carefully examine the objectives of the audit planning stage, with emphasis on areas that will aid the auditor in gaining a comprehensive knowledge and understanding of the business?
(b) Discuss the audit risks faced by Crafts PLC. How will those risks be addressed?
Answers
Design appropriate audit procedures, including substantive testing, analytical procedures, and evaluation of internal controls.
(a) Objectives of the Audit Planning Stage:
The audit planning stage is crucial for the auditor to gain a comprehensive understanding of the client's business and to plan the audit effectively. The objectives of the audit planning stage, with emphasis on areas that will aid the auditor in gaining a comprehensive knowledge and understanding of Crafts PLC's business, include:
1. Understanding the Industry and Business Environment:
The auditor needs to gain knowledge about the building materials industry, including market conditions, competition, and trends. This understanding helps in assessing the impact of industry-specific risks on Crafts PLC's financial statements.
2. Assessing Business Risks:
Identifying and understanding the risks that could impact Crafts PLC's financial statements is vital. This includes assessing risks related to inventory management, such as the potential for obsolete inventory, valuation, and demand fluctuations. By understanding these risks, the auditor can plan appropriate audit procedures and allocate resources effectively.
3. Understanding Internal Control Environment:
Evaluating the effectiveness of Crafts PLC's internal controls is essential. The auditor needs to understand the control environment related to inventory management, including the control activities over inventory count, valuation, and recording. This understanding helps in identifying control weaknesses and planning substantive procedures accordingly.
4. Assessing Accounting Policies and Estimates:
Understanding Crafts PLC's accounting policies, particularly related to inventory valuation and cost allocation, is crucial. The auditor needs to evaluate the appropriateness of these policies and assess the estimation processes used by management, especially in determining inventory quantities and costs.
5. Identifying Related Parties and Related Party Transactions:
The auditor should identify any related parties and related party transactions that could impact Crafts PLC's financial statements. These transactions may require additional scrutiny to ensure they are properly disclosed and accounted for.
(b) Audit Risks Faced by Crafts PLC and Addressing Them:
Crafts PLC may face several audit risks, including:
1. Inventory Valuation Risk:
Given the high levels of inventory required by Crafts PLC, there is a risk of overvaluing or misstating inventory. This could result in an overstatement of assets and profits. To address this risk, the auditor will perform substantive procedures, including testing the accuracy of inventory counts, assessing the appropriateness of the standard costing system, and reviewing the valuation methods applied.
2. Obsolescence and Slow-Moving Inventory Risk:
With rapid growth and changing market conditions, there is a risk of obsolete or slow-moving inventory. The auditor will assess the adequacy of Crafts PLC's provision for inventory obsolescence and evaluate management's estimation process. They may also review the company's inventory turnover ratios and compare them to industry benchmarks to identify potential risks.
3. Financial Reporting and Disclosure Risk:
There is a risk of incomplete or misleading financial reporting, especially related to inventory quantities, costs, and disclosures. The auditor will review Crafts PLC's financial statements for compliance with accounting standards, assess the adequacy of disclosures related to inventory, and perform substantive testing to ensure accuracy and completeness.
4. Going Concern Risk:
Given the request for an increase in the bank overdraft facility, the auditor needs to assess Crafts PLC's ability to continue as a going concern. They will evaluate the company's financial performance, liquidity position, and future cash flow projections to determine if a material uncertainty exists. If so, the auditor will consider the appropriateness of related disclosures in the financial statements.
To address these risks, They will also consider the need for specialist assistance, such as inventory valuation experts, if necessary. The audit team will exercise professional skepticism, perform risk assessments, and obtain sufficient and appropriate audit evidence to address the identified risks effectively.
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what is the opposite of the opposite of left???
if you get it fight you get brainliest!!!!
Answers
Answer:
Opposite of left, right. Opposite of right, left
I lost some brain cells O.O
Answer:
left??? i think
Explanation:
Document 3: What happens to competition in a communist system?
Answers
Answer:
Explanation:
In a communist system the central authority dictates the means and quantity of production , and gives strict rules on businesses. Since there is no competition amongst firms , each is given the amount of money and each wo0rker is paid the same with same expectations of each.
difference between associative and commutative property
Answers
Answer:
The associative property of addition states that you can group the addends in different ways without changing the outcome. The commutative property of addition states that you can reorder the addends without changing the outcome.
Explanation:
Vertical analysis of balance sheet
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow:
Line Item Description Current Year Previous Year
Current assets $2,800,000 $1,840,000
Property, plant, and equipment 5,200,000 6,072,000
Intangible assets 2,000,000 1,288,000
Current liabilities 1,800,000 1,380,000
Long-term liabilities 3,600,000 3,680,000
Common stock 980,000 920,000
Retained earnings 3,620,000 3,220,000
Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders’ equity item as a percent of the total liabilities and stockholders’ equity. When required, round percentages to one decimal place.
Answers
The comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders’ equity item as a percent of the total liabilities and stockholders’ equity will be
Description Prior Year Current Year Prior Year (%) Current Year (%)
Cash 0.00% 0.00%
Investments 0.00% 0.00%
Inventories 0.00% 0.00%
Accounts receivable 0.00% 0.00%
Pre-paid expenses 0.00% 0.00%
TOTAL 1,840,000 2,500,000 20.00% 25.77%
Property 6,072,000 5,200,000 66.00% 53.61%
and equipment
Leasehold improvements 0.00% 0.00%
Equity and other investments 0.00% 0.00%
Less accumulated 0.00% 0.00%
depreciation (Negative Value)
Intangible Assets 1,288,000 2,000,000 14.00% 20.62%
Charity 0.00% 0.00%
total 9,200,000 9,700,000 100.00% 100.00%
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Compare and contrast the different types of partnerships. Explain the advantages to a partnership. Explain the disadvantages.
Answers
Answer:
ADVANTAGE:Less formal with fewer legal obligationssharing burden easy to get started better decision making knowledge, skills and experience ownership and controlExplanation:
DISADVANTAGE: profits must be shared personal demands taxes no independent status limits on developing business lack of disabilityWhat is the name for the process of paying attention to important properties while ignoring nonessential details?
Answers
Answer:
Abstraction
Explanation:
Abstraction can be defined as the doing way of some details that are not too necessary so that the main subject or features have maximum attention.
absstraction is very important in the aspect of object oriented programming
It should be noted that the process of paying attention to important properties while ignoring nonessential details is Abstraction.
How do you select the fruit for jam ?
Answers
Answer:
Explanation:
you could buy fruit from the super market or you could get fruits from your backyard garden if you have one or you you collect fruits from farms near you!
Answer:
You can go to your nearest store and get fruit or you can grow different fruit trees but that will take years.
Explanation:
identify the analyte and titrant which produces the titration curve:____
Answers
The analyte and titrant involved in a titration curve depend on the specific titration being conducted and the chemical reaction taking place. Without specific information about the titration, it is not possible to identify the analyte and titrant.
In a titration, the analyte refers to the substance being analyzed or measured, while the titrant is the solution of known concentration that is added to react with the analyte. The specific analyte and titrant combination will vary depending on the nature of the chemical reaction being studied. For example, in an acid-base titration, the analyte may be an acid or a base, and the titrant would be a solution of the corresponding base or acid, respectively. In a redox titration, the analyte would be a reducing agent or an oxidizing agent, and the titrant would be a solution containing the oxidizing or reducing agent, respectively.
Without specific information about the titration in question, such as the type of reaction, the nature of the analyte, and the titrant used, it is not possible to identify the specific analyte and titrant combination that would produce the titration curve. The choice of analyte and titrant will depend on the specific chemical system and the analytical objective of the titration.
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If a loss of $25,000 is incurred in selling (for cash) office equipment having a book value of $90,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is.
Answers
The total amount reported in the cash flows from investing activities section of the statement of cash flows is $65,000.
This is because when a company sells an asset such as office equipment, the cash received from the sale is reported as a cash inflow in the investing activities section of the statement of cash flows. In this case, the cash received from the sale of the office equipment is $90,000.
However, since the company incurred a loss of $25,000 on the sale, this loss would also be reported in the investing activities section. The net cash inflow from the sale of the office equipment would then be $90,000 - $25,000 = $65,000.
It is important to note that this $25,000 loss is not reflected in the income statement, it is only reflected in the statement of cash flows.
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write the key points about a teacher's role
can someone pls help me??
Answers
we can measure total consumer surplus for good x as
Answers
We can measure total consumer surplus for good X as the "difference between the total amount consumers are willing to pay for the good and the total amount they actually pay".
The total consumer surplus represents the additional value that consumers receive from consuming the good beyond what they have to pay for it.
To calculate total consumer surplus, we need to consider the demand curve for good X. The demand curve shows the quantity of the good consumers and purchase at different price levels.
Individual consumer surplus is the difference between the maximum price a consumer is willing to pay for a unit of the good and the actual price they pay.
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Total consumer surplus for good x can be measured using either the method of integrating the demand curve function or the formula Total Consumer Surplus = 0.5 * (Qd * Pm), where Qd is the quantity demanded and Pm is the market price.
To measure total consumer surplus for a good, we need to consider the demand curve for that good. The demand curve shows the quantity of a good that consumers are willing and able to buy at different prices. The area under the demand curve and above the market price represents the total consumer surplus.
There are two common methods to measure total consumer surplus:
integrating the demand curve function: This method involves integrating the demand curve function over the range of prices from the market price to zero. The formula for total consumer surplus using this method is:Total Consumer Surplus = 0.5 * (Qd * Pm - ∫[Pm to 0](D(P) dP))
Where:
Qd is the quantity demandedPm is the market priceD(P) is the demand curve functionUsing the formula: Another method to measure total consumer surplus is by using the formula:Total Consumer Surplus = 0.5 * (Qd * Pm)
Where:
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**ECONOMY**
Taxation that allows higher-income people to pay less of their income on taxes than lower-income people is called:
A. regressive taxation
B. progressive taxation
C. proportional taxation
D. indirect taxation
Answers
Answer:a
Explanation:
\Why is it important to consider scholarships and grants before loans to pay for higher education?
Answers
Answer:
Explanation:
Scholarships and grants are monies that are given to the student for education. You DO NOT have to pay them back.
Loans can also be given for education costs but you DO have to pay them back. So, obviously, you want scholarships and grants before loans.
a+$1,000+par+value+bond+with+a+fixed+10%+rate+of+interest+pays+coupons+semiannually.+what+amount+will+the+bondholder+receive+on+the+bond’s+maturity+date?
Answers
The bondholder will receive $1,050 on the bond's maturity date,
To calculate this, first, we need to find the semiannual interest payment. The formula for calculating interest is:
Interest Payment = (Par Value x Interest Rate) / Number of Payments per Year
For this bond, the interest payment would be:
Interest Payment = ($1,000 x 10%) / 2
Interest Payment = $100 / 2
Interest Payment = $50
On the bond's maturity date, the bondholder will receive the final interest payment plus the par value of the bond. So, the total amount received will be:
Total Amount = Par Value + Final Interest Payment
Total Amount = $1,000 + $50
Total Amount = $1,050
In conclusion, the bondholder will receive $1,050 on the bond's maturity date.
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hassock corp. produces woven wall hangings. standard hours of direct labor is 2 hours to produce a single unit. hassock's standard labor cost is $12 per hour. during august hassock produced 10,000 units and used 21,040 actual hours of direct labor at the cost of $11.90 per hour, what is hassock's labor rate variance for august?
Answers
From the above given information, The Hassock's labor rate variance for August is 12,480 Unfavorable.
Given:
Actual hours = 21,040
Standard rate = 12
Standard hours = Standard Hour × Unit produce
= 2 × 10,000
Labor Efficiency variance = (Standard hrs. - Actual hrs.) × Standard rate
= (20,000 - 21,041) × 12
= 12,480 Unfavorable
The labor efficiency variance calculates how effectively labor can be used in relation to expectations. The variance can be used to highlight the parts of the production process that require more labor than expected. Industrial engineers will review the underlying process to determine if it can be improved to decrease the number of production hours necessary if the variance outcome is unfavorable. Some potential improvements include:
an expedited product design to speed up assemblya decrease in the amount of scrap the process producesUpgrading the level of automationWorkflow modificationIf this is not possible, the typical amount of time needed to produce a good is increased to better reflect the level of productivity.
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On August 1, 20Y1, Newhouse Co. received $39,110 for the rent of land for 12 months. Journalize the adjusting entry required for unearned rent on December 31, 20Y1. Round your final answer to the nearest dollar amount. If an amount box does not require an entry, leave it blank.
Answers
The adjusting entry required for unearned rent on December 31, 20Y1 is: Debit Unearned rental revenue $16,296;Credit Rental revenue $16,296.
Unearned rentBased on the information given the appropriate adjusting entry required for unearned rent on December 31, 20Y1 is:
31 December
Debit Unearned rental revenue $16,296
Credit Rental revenue $16,296
($39,110×5/12)
(To record unearned rent)
Inconclusion the adjusting entry required for unearned rent on December 31, 20Y1 is: Debit Unearned rental revenue $16,296;Credit Rental revenue $16,296.
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an agent has the implied authority to do what is reasonably necessary to carry out express authority. true false
Answers
True. An agent with implied authority has the power to do what is reasonably necessary to carry out their express authority, even if such authority is not explicitly stated.
This means that if a principal has given an agent express authority to carry out certain tasks, the agent may use their judgment to take additional actions that are reasonably necessary to fulfill their duties. This includes taking actions that are incidental or necessary to complete the express authority that has been granted to them. For example, if a principal authorizes an agent to lease a property, the agent has the implied authority to sign the lease agreement and make related arrangements, such as collecting rent and performing routine maintenance. The agent's implied authority is limited by the scope of the express authority that has been given to them, and the agent must act in good faith and within the bounds of reasonableness.
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Outline 4 ways in which the productivity of land can be improved
Answers
Answer:
(i) irrigation
(ii) Fallowing
(iii) Land tenure
(iv) Fertilizer application
Explanation:
PLEASE MARK ME AS BRAINLIEST AND HAVE A NICE DAY
If you can choose to produce
televisions and phones, and you
produce 100% televisions, how many
phones can you produce?
A. 0%
B. 25%
C. 50%
D. 100%
Answers
answer: A
because you are producing 100% tv so you will produce 0% phones.
You buy a pair of sunglasses from a manufacturer for $100. you would have been willing to pay $130 for them; it cost the manufacturer $70 to make them. what is the economic surplus created by this exchange?
Answers
The economic surplus created by the exchange is $40 if we buy a pair of sunglasses from a manufacturer for $100.
Sunglass price = $100
Amount willing to pay = $130
Cost of manufacturer = $70
Economic surplus is the combination of benefits, generally referred to as total welfare, that a consumer or producer obtains as a result of economic activity. It is also called total surplus and communal surplus.
Producer surplus = Total Revenue – Production Cost
Producer surplus = 100 - 70
Producer surplus = $30
consumer surplus = the price is willing to pay - the actual amount paid.
consumer surplus = 130 - 100
consumer surplus = 30
The economic surplus = Producer surplus + consumer surplus
The economic surplus = 30 +30
The economic surplus = $40
Therefore we can conclude that the economic surplus created by this exchange is $40.
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Sports and entertainment products are non-perishable.
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Adams, inc. has sales of $100,000 with a contribution margin of $60,000 and net income of $20,000. baron, inc. has sales of $110,000 with a contribution margin of $44,000 and net income of $22,000. thus, the degree of operating leverage is for adams, inc. and for
Answers
The complete question is:
Adams, Inc. has sales of $100,000 with a contribution margin of $60,000 and net income of $20,000. Baron, Inc. has sales of $110,000 with a contribution margin of $44,000 and net income of $22,000. Thus, the degree of operating leverage is ______ for Adams and _____ for Baron Inc.
The degree of operating leverage is 3 for Adams and 2 for Baron Inc.
Degree of operating leverageUsing this formula
Degree of operating leverage=Contribution margin/Net income
Let plug in the formula
Adams Inc.
Degree of operating leverage for adams, inc.= 60,000/20,000
Degree of operating leverage for adams, inc. =3
Baron Inc.
Degree of operating leverage for Baron, inc. =44,000/22,000
Degree of operating leverage for Baron, inc. =2
Therefore the degree of operating leverage is 3 for Adams and 2 for Baron Inc.
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Which occurrence is an emerging trend in International agricultural marketing? A the percentage of agricultural trade is decreasing В. the percentage of agricultural trade is increasing C.agricultural markets around the world are shrinking D. developing nations have moved from net importers to net exporters E. developed nations have stopped trading in agriculture
Answers
Answer:
answer is b
Explanation:
Answer:
the answer is b
Explanation:
i got it right on edmentum
The CEO of the Widget Company did not meet his performance metrics for three consecutive quarters. While still under contract, the Board of Directors decided to terminate the CEO's employment contract. The CEO was angry and felt the decision was unfair. Which executive compensation agreement would be appropriate in such circumstances? red carpet plan platinum parachute executive bail-out golden parachute In the U. S, when considering total compensation, one can add approximately what percent to account for non-economic benefits to the base salary and wages? 25 15 20 30 Which is an example of a "base" compensation? medical insurance tuition reimbursement daycare assistance O monthly salary
Answers
1. Golden parachute executive compensation agreement would be appropriate in such circumstances. Option d is correct. 2. 25 account for non-economic benefits to the base salary and wages. Option a is correct. 3. Monthly salary is an example of a "base" compensation. Option d is correct.
In the given scenario, where the CEO's employment contract is terminated due to not meeting performance metrics, the appropriate executive compensation agreement would be a "golden parachute." A golden parachute is a financial arrangement that provides substantial benefits to executives in the event of a termination or change in control of the company. Option d is correct
When considering total compensation in the U.S., it is common to add approximately 25% to the base salary and wages to account for non-economic benefits such as bonuses, stock options, retirement contributions, and other perks. Option a is correct
Among the options listed, a monthly salary is an example of "base" compensation. It refers to the fixed amount of money an employee receives on a regular monthly basis in exchange for their services, excluding additional benefits or bonuses. Medical insurance, tuition reimbursement, and daycare assistance are typically considered additional benefits or perks provided by the employer, but they are not part of the base compensation structure. Option d is correct
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--The complete question is, The CEO of the Widget Company did not meet his performance metrics for three consecutive quarters. While still under contract, the Board of Directors decided to terminate the CEO's employment contract. The CEO was angry and felt the decision was unfair. Which executive compensation agreement would be appropriate in such circumstances?
a. red carpet plan
b. platinum parachute
c. executive bail-out
d. golden parachute
In the U. S, when considering total compensation, one can add approximately what percent to account for non-economic benefits to the base salary and wages?
a. 25
b. 15
c. 20
d. 30
Which is an example of a "base" compensation?
a. medical insurance
b. tuition reimbursement
c. daycare assistance
d. monthly salary--
How does the National Audubon's enhanced 3. Thinking back on the discussion of marketing and advocacy initiatives reflect the principles of communications in Chapter 10 , how would you effective advocacy discussed in this chapter? describe Audubon's brand? 2. How does the case of the National Audubon 4. What is the National Audubon Society's market Society reflect Crutchfield's six practices for niche in environmental advocacy, and what building successful social movements? competitive advantages might it enjoy over ather
Answers
Some general insights on effective advocacy and Audubon's brand:
Effective advocacy
Audubon's brand:
Effective advocacy: Effective advocacy, as discussed in Chapter 10 of a communication book (unspecified), typically involves strategic communication techniques aimed at promoting a cause or issue successfully. This may include identifying target audiences, crafting compelling messages, utilizing appropriate communication channels, engaging stakeholders, and measuring the impact of communication efforts. The goal of effective advocacy is to raise awareness, mobilize support, influence public opinion, and drive action toward desired outcomes.
Audubon's brand: The National Audubon Society is a renowned environmental organization primarily focused on bird conservation and habitat protection. Audubon's brand is likely built upon values such as environmental stewardship, scientific expertise, community engagement, and a passion for birds and their habitats. Their brand might be associated with initiatives like bird-watching, education, research, conservation projects, and policy advocacy. A strong brand helps Audubon establish credibility, build trust with stakeholders, attract support, and differentiate itself from other organizations working in the same space.
Regarding the National Audubon Society's market niche in environmental advocacy and its competitive advantages over other organizations, specific analysis and knowledge of Audubon's programs, initiatives, and the broader environmental advocacy landscape would be required. Factors that might contribute to Audubon's competitive advantages could include their extensive network of members and chapters, established partnerships with government agencies and other NGOs, influential board members or supporters, access to scientific data and research, a long-standing reputation, and a successful advocacy track record.
However, a comprehensive analysis would necessitate more specific information about Audubon and its competitive landscape.
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YES Bank has developed unique product proposition extending the entire benefit of the advancement in the payments landscape to the customer's desktop by pioneering the introduction of the payments on the web. The platform provides online confirmation along with instant settlement for payments making cash flow forecasting easier and precise to the last minute. State the type of e- banking services highlighted in aforesaid case.
Answers
Answer:
Net banking
Explanation:
Net banking is also called internet banking or online banking. It is targeted at customers who prefer to do their transactions from the comfort of their home. Rather than coming to the bank to perform transactions.
Various types of transactions are available on the net banking platform such as bank statement, bill payments, money transfers, and even booking of fixed deposit.
YES Bank platform provides online confirmation along with instant settlement for payments making cash flow forecasting easier and precise to the last minute.
They are providing net banking services to their clients.
Why do we need to carefully plan the operations of the business?
Answers
Answer:
hi nhi pata bhai soery. long
Keyanna is thinking of marketing consulting as a potential future career. Identify each task associated with consulting as either producing research or consuming research.
1. collect and analyze data, and present the results to clients
2. keep up to date on current product trends
3. look at analyses conducted by other firms, and inform clients of the findings
4.test different marketing strategies to identify the best one
Answers
Producing research involves gathering and evaluating data, as well as presenting the findings to clients.
Consuming - One activity related to consuming research is staying current on market trends. This is due to the fact that current research or data on product trends are reviewed and analyzed rather than fresh research being conducted.
Generating - A task included in producing research is testing many marketing techniques to find the most effective one. This is due to the fact that it entails performing fresh research by testing various marketing methods and assessing the outcomes to establish the most effective course of action.
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