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3 years ago

An institutional review board (IRB) helps to ensure the safety of subjects of review. Who typically sits on such a board?

Business

1 answer:

kipiarov [429]3 years ago

7 0

Answer:

The answer to your question is A. Academic scholars

Explanation:

Institutional review boards are most often found at research universities. These boards have the ability to stop a research project if they have concerns about the safety of the subjects.

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The economic problem of _____ arises because human wants and desires are unlimited and the means to satisfy these wants are limi

raketka [301]

Answer:

Insatiation

Explanation:

Insatiation is an economic problem which arises as a result of human wants and cravings being limitless with a limited means of satisfying these wants

Economic problem of insatiation can be solved when there are also unlimited means of satisfying the limitless wants and desires of human

4 0

3 years ago

Manufacturers that utilize process operations produce large quantities of identical products. True or False True False

Harrizon [31]

Answer:

True

Explanation:

The given statement is true as the process operations refer to the bulk production of the large quantities produced that contain similar products or identical products. Moreover, the goods are produced in a continuous flow. This is mostly done by the manufactures as they generally accepted the bulk or mass quantities of product

4 0

3 years ago

Erin Shelton, Inc., wants to earn a target profit of $960,000 this year. The company’s fixed costs are expected to be $1,320,000

kipiarov [429]

Answer:

1. Break-even sales = $2,200,000

2. Net Income = $0

3. Sales = $3,800,000

4. See explanation section

5. Margin of safety = $1,600,000

Margin of safety (%) = 42.11%

Explanation:

Requirement 1.

We know,

Break-even sales = Fixed expense ÷ Contribution Margin Ratio

Given,

Expected Fixed expense = $1,320,000

Contribution Margin Ratio = Contribution Margin ÷ Sales Revenue

As we do not have contribution margin and Sales Revenue, we have to use variable costs that is expected to be 40% of sales. Therefore,

Contribution Margin Ratio = Sales (%) - variable costs (%) = 100% - 40% = 60%

Therefore, Break-even sales = $1,320,000 ÷ 60%

Break-even sales = $1,320,000 ÷ 60%

Therefore, Break-even sales = $2,200,000

Requirement 2.

Erin Shelton, Inc.

Contribution Margin Income Statement format

For the year ended, December 31, Current year

Sales Revenue $2,200,000 (Requirement 1)

Less: Variable expense (40% of sales) 880,000

Contribution Margin $1,320,000

Less: Fixed Expense 1,320,000

Net operating Income 0

In break-even sales, total fixed expense = total contribution margin, therefore, no income or loss.

Requirement 3.

We know,

This year, To attain profit, sales = (Fixed expense + Target Profit) ÷ Contribution Margin Ratio

Given,

Expected Fixed expense = $1,320,000

Target Profit = $960,000

Contribution Margin Ratio = Contribution Margin ÷ Sales Revenue

As we do not have contribution margin and Sales Revenue, we have to use variable costs that is expected to be 40% of sales. Therefore,

Contribution Margin Ratio = Sales (%) - variable costs (%) = 100% - 40% = 60%

Therefore, To attain profit, sales = ($1,320,000 + $960,000) ÷ 60%

To attain profit, sales = $2,280,000 ÷ 60%

Therefore, To attain profit, sales = $3,800,000

Requirement 4.

Using To attain profit, sales = $3,800,000 (From Requirement 3) to find the net operating income

Erin Shelton, Inc.

Contribution Margin Income Statement format

For the year ended, December 31, Current year

Sales Revenue $3,800,000 (Requirement 3)

Less: Variable expense (40% of sales) 1520,000

Contribution Margin $2,280,000

Less: Fixed Expense 1,320,000

Net operating Income $960,000

Requirement 5.

We know,

Margin of safety = (Current sales - Break-even sales)

From Requirement 1, we get, Break-even sales = $2,200,000

From Requirement 3, we get, Current sales = $3,800,000

Margin of safety = $3,800,000 - $2,200,000

Therefore, Margin of safety = $1,600,000

Margin of safety as percentage = [(Current sales - Break-even sales) ÷ Current sales] × 100

Margin of safety = ($1,600,000 ÷ $3,800,000) × 100

or, Margin of safety = 0.42105 × 100

Margin of safety = 42.11%

8 0

3 years ago

Which of these should you consider while communicating in a diverse workplace?

Ivahew [28]

Answer:

A. Culture

Explanation:

Culture is very important and is reflective of how people communicate and etc. For example, the big business setting in China differs from America, so you would want to know how to be respectful of their culture. In China, when giving and receiving business cards, you have to accept it with two hands, not one hand. Failure to do so will cause you to look rude!

I hope this helps clear things up!

6 0

3 years ago

The following statement was made by the vice president of finance of The Electric Company: "The managers of a company should use

RideAnS [48]

Answer:

Check the following explanation.

Explanation:

The goals of managers and shareholders are not always aligned. Agency theory suggests this misalignment creates the need for costly monitoring through compensation contracts.

To align the goals of the two parties,compensation contracts should be designed to motivate the executive to make decisions that will not only increase his or her wealth, but will also increase shareholder wealth. Steps taken to increase shareholder wealth should be reflected in improved firm performance.Including both components in the contracts helps ensure the decisions of the executive are linked to various time horizons.

Shortterm components motivate the executive to make decisions that have an immediate affect on the firm. Long-term components are necessary to lengthen the decision horizon of the executive and enhance the likelihood of continued improvement in firm value. The long-term incentives in these contracts can be based on improved shareholder wealth as well as improved firm performance.

8 0

3 years ago