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3 years ago

Explain briefly why professional certification and membership in professional organizations are important.

1 answer:

5 0

The roles of these professional associations have been variously defined: "A group of people in a learned occupation who are entrusted with maintaining control or oversight of the legitimate practice of the occupation;"[1]also a body acting "to safeguard the public interest;"[2] organizations which "represent the interest of the professional practitioners," and so "act to maintain their own privileged and powerful position as a controlling body."[2]

You might be interested in

I. Explain the term excess demand.

sladkih [1.3K]

Answer:

economics a situation in which the market demand for a commodity is greater than its market supply, thus causing its market price to rise.

Explanation:

this is the definition. hope this helps.

3 0

3 years ago

Navern Corporation manufactures and sells custom home elevators. From the time an order is placed until the time the elevator is

Sonbull [250]

Answer:

Cycle efficiency will be 32.55 %

Explanation:

We have given wait time = 8 days

inspection time = 4 days

Process time = 14 days

Move time = 14 days

And queue time = 3 days

So total time = 8+4+14+14+3 = 43 days

We have to find the cycle efficiency

We know that cycle efficiency is given by

Cycle efficiency $=\frac{Process\ time}{total\ time}=\frac{14}{43}=0.3255=32.55$ %

7 0

3 years ago

Henrie’s Drapery Service is investigating the purchase of a new machine for cleaning and blocking drapes. The machine would cost

Nikitich [7]

Answer:

1. IRR = 14%

2. NPV = 3.239

3. 12%

Explanation:

The IRR is the discount rate that equates the after tax cash flows from an investment to the amount invested in a project.

NPV is the present value of after tax cash flows from an investment less the amount invested

NPV and IRR can be calculated using a financial calculator

Cash flow in year zero = -137,320

Cash flow each year from year 1 to zero = 40,000

I = 14%

IRR = 14%

NPV = 3.239

If cash in flow each year from year 1 ro 5 was $38,090, the IRR = 12%

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

I hope my answer helps you

4 0

4 years ago

Sandusky Inc. has the following costs when producing 100,000 units: Variable costs $600,000 Fixed costs 900,000 An outside suppl

goldenfox [79]

Answer:

$6.30

Explanation:

For computing the unit price, first we have to determine the difference in cost which is shown below:

= $150,000 - $120,000

= $30,000

Now the break even price would be

= Variable cost + cost difference

= $600,000 + $30,000

= $630,000

So, the unit price would be

= Break even price ÷ number of unit produced

= $630,000 ÷ 100,000 units

= $6.30

8 0

3 years ago

jarptica [38.1K]

Answer:

Oligopoly is the market where there are only less number of producers and sellers.It is difficult to enter in this.

Perfect competition there are large number of buyers and sellers ,entry is free.

Monopoly there will be only one seller,there is no substitute products.

Monopolistic competition there will be large number of producers and they sell different types of products.

4 0

3 years ago