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3 years ago

Transaction processing systems are most commonly encountered at the senior management level of an organization.

Business

1 answer:

Roman55 [17]3 years ago

3 0

Answer:

False.

Explanation:

As the name suggests, the Transaction processing system records day to day transactions in the system which is done at the operational level so that the accuracy, reliability of the information could be maintained.

At this level, there are structure decisions that mean it has a set of rules and regulations which the people in the operational level have to follow them

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g For this question, ignore inflation. Suppose Jenny earns $60,000 per year working as a tax analyst. After ten years, she quits

arsen [322]

Answer:

If Jenny doesn’t earn any interest on her savings and wants to perfectly smooth consumption across her life, how much will she consume every year?

Jenny's total income during her life = income as tax analyst ($60,000 x 10) + income as PhD student ($12,000 x 5) + income as Art Director (35 x $95,000) = $3,985,000

she generated income during 50 years and expects to live 20 more, so in order to perfectly smooth consumption across her life, she must divide her total life income by 70 years = $3,985,000 / 70 years = $56,928.57 per year

What might prevent her from perfectly smoothing consumption?

First of all, besides inflation, you also earn interest on your savings. That is why 401k and other retirement accounts work so well (the magic of compound interest). Even if inflation and interests didn't exist, you cannot know exactly what you are going to earn in the future and for how many years. In this case, she earned $60,000 for 10 years, but then earned only $12,000 during 5 years. If she really wanted to smooth her consumption, she would have needed to get a loan because her savings during the first 10 years wouldn't be enough.

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3 years ago

(problem 13). margo's marginal utility of one dance lesson is 100 utils per lesson. her marginal utility of a new pair of dance

kirill115 [55]

Since Margo purchase her optimal consumption bundle, the marginal utility per dollar consumed on dance lessons must be equivalent to the marginal utility per dollar paid on dance shoes. The marginal utility per dollar spent on dance lessons is 100 utils per lesson, where $50 per lesson is equivalent to 2 utils per dollar. The marginal utility per dollar expended on dance shoes therefore has to equal 2 utils per dollar. Since the marginal utility of a pair of dance shoes cost 300 utils per pair, the value of a pair of shoes should be $150 per pair, so that 300 utils per pair/$150 per pair is equal to: 2 utils per dollar.

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3 years ago

Collective bargaining provides for a representative of employees to negotiate with a representative of management over labor iss

scoundrel [369]

Yes. Collective bargaining is negotiation of wages working conditions by an organized group of employees (often called a union). The union representatives meet with the employer/employer's representatives to negotiate terms.

6 0

3 years ago

Read 2 more answers

produces decorative mailboxes. The company's average cost per unit is $ 23.43 when it produces 1 comma 400 mailboxes. Requireme

lianna [129]

Answer:

1) The total cost of production (TC) is $32,802.

2) The variable cost per unit is $9/unit.

3) Cost equation: $TC(Q)=20,200+9Q$

4) TC=$35,145

5) TC=$33,702

6) Difference=$1,443

The appropiate approach is using the cost function, because its differentiates the cost that are fixed and not dependant of the volume of production, and the variable cost, that are proportional to the quantity produced.

Explanation:

1) The total cost of production can be calculated as the product of the cost per unit ($23.43/unit) and the total ammount of units (1,400 units):

$TC=c*Q=23.43*1,400=32,802$

The total cost of production (TC) is $32,802.

2) The fixed cost (FC) are $20,202, so the variable cost are:

$VC=TC-FC=32,802-20,202=12,600$

This is the variable cost for 1,400 mailboxes, so the unit variable cost is:

$vc=VC/Q=12,600/1,400=9$

The variable cost per unit is $9/unit.

3) The equation of cost can be written as:

$TC(Q)=20,200+9Q$

4) If it uses the average cost tot predict the cost of 1,500 mailboxes, he will get:

$TC=23.43*1,500=35,145$

5) If he uses the cost function, he will get

$TC=20,202+9*1500=20,202+13,500=33,702$

6) The dollar difference between the two estimates is:

$TC_4-TC_5=35,145-33,702=1,443$

The average cost per unit is not constant for every quantity and the error will increase if the quantity is much different from 1,300 units.

3 0

3 years ago

Dave Bowers collects U.S. gold coins. He has a collection of 41 coins. Some are $10 coins, and the rest are $20 coins. If the

taurus [48]

Answer:

1. Dave has 23 ($10 coins) and 18 ($20) coins.

2. Dave has 18 ($10 coins) and 16 ($20) coins.

Explanation:

Let x be the number of $10 coins.

Then, the number of $20 coins will be 41-x.

The equation for the sum of money can be written as:

590 = 10x + 20 * (41-x)

590 = 10x + 820 - 20x

590 - 820 = -10x

-230 / -10 = x

x = 23

This means that Dave has 23 $10 coins and (41-23 = 18) 18 $20 coins that sum up to a face value of $590.

Using the same priciple,

let x be the number of $10 coins

let 34-x be the number of $20 coins

Sum of money equation:

500 = 10x + 20 * (34-x)

500 = 10x + 680 - 20x

500 - 680 = -10x

-180 / -10 = x

x = 18

So, Dave has 18 $10 coins and (34-18 = 16) 16 $20 coins that add up to a face value of $500.

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3 years ago

Read 2 more answers