Answers and explanations:
1) A modification problem takes places when creating a database two different type of information is entered in the same chart row generating inaccuracy. The only form to solve this issue is creating a new row so each piece of information will be stored in one row particularly.
2) There are three (3) types of modification problems: the deletion problem (<em>the single row containing information from different themes can be deleted losing data</em>), the update problem (<em>new information entered could lead to more inconsistency</em>), and the insertion problem (<em>similar to deletion, a new row can be inserted instead of the row causing problem but information will be missing</em>).
Answer:
7.52689%
Explanation:
Ervin Company:To break even with an 93% success rate, Ervin will need to recoup
$1/0.93=$1.0752689.
Hence:
Winthrop should charge a return greater than ($1.0752689/$1.00) -1
=($1.0752689)-1
=0.0752689×100
=7.52689%
Therefore th eloan rate Winthrop Enterprises should charge Ervin Company for loans will be 7.52689%
Answer: The correct answer is "B. The quantity demanded of oil decreased".
Explanation: The statement "B. The quantity demanded of oil decreased" is incorrect in describing this scenario because a change in the quantity demanded would be caused by a change in the price, in this case the price of oil remained more or less the same, therefore the change is in demand, and is produced at the price of a substitute good (natural gas) low.
Answer: Revenue management
Explanation: Revenue management is the process under which an organisation tries to analyze the consumer behavior. This analysis is further used for the objective of making product available in right quantities and at right price so that revenue could be maximized.
In the given case, the company is trying to influence demand by manipulating price, thus , they most be analyzing the relevant factors to do so.
Hence, we can conclude that this is an example of revenue management .
Answer:
$1 million
Explanation:
The computation of the grant revenue recognized in the fund financial statement is presented below;
Given that
The $2 million could be used for covering up the operating expense and $1 million could be used for purchasing an equipment
So as per the given situation, the $1 million should be recognized
Therefore the same should be considered
