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- Trisha wants to be a full-time photographer. Which of the following is a way she can demonstrate that this is a business and not a hobby? a) Attending workshops and photography classes. b) Taking photos during vacations and shopping around for a buyer after she returns home. c) Taking pictures at family events. d) Purchasing her photography equipment with funds from her personal checking account.There are universally five functions of any business which are Planning, Organizing, Staffing, Directing and Controlling. Among these five functions, the most integral is the Planning function. What are some of the factors that affect the Plannig function. Explain in detail any three of these factors.Provide two recommendations that you think Estee Lauder should taketo strategically advance itself. One should be short-term (6 months – 3 years), and one should be long-term (3 – 5years). You need to thoroughly explain each recommendation, and you need to provide recommended action stepsfor each goal – you are the consultant, so they need your guidance on this. Explain why you are giving theserecommendations and why you think they will help the organization.
- I need help with everything 1. RMC, Inc., is a small firm that produces a variety of chemical products. In a particular production process, three raw materials are blended (mixed together) to produce two products: a fuel additive and a solvent base. Each ton of fuel additive is a mixture of 2/5 ton of material 1 and 3/5 of material 3. A ton of solvent base is a mixture of 1/2 ton of material 1, 1/5 ton of material 2, and 3/10 ton of material 3. After deducting relevant costs, the profit contribution is $40 for every ton of fuel additive produced and $30 for every ton of solvent base produced. RMC’s production is constrained by a limited availability of the three raw materials. For the current production period, RMC has available the following quantities of each raw material: Raw Material Amount Available for Production Material 1 20 tons Material 2 5 tons Material 3…Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure to identify your answer, including units. You must have an excel file with formulas within the cell A brokerage firm is considering investment options for its clients. If the market is good the clients could get a net profit of $120,000 for Fund A, $100,000 for Fund B, and $80,000 for Fund C. If the market is fair, they could get a net profit of $20,000 for Fund A, $40,000 for Fund B, and $30,000 for Fund C. If the market is poor, clients would lose $30,000 for Fund A, $50,000 for Fund B, and $15,000 for Fund C. They must Fund one to invest in for their clients. An economist group offers to do a market study for $2,000. They know the following probabilities: P(good market Fund A | favorable study) = 0.6 P(fair market Fund A | favorable study) = 0.3 P(poor market Fund A | favorable study) = 0.1…Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure to identify your answer, including units. You must have an excel file with formulas within the cell. A brokerage firm is considering investment options for its clients. If the market is good the clients could get a net profit of $120,000 for Fund A, $100,000 for Fund B, and $80,000 for Fund C. If the market is fair, they could get a net profit of $20,000 for Fund A, $40,000 for Fund B, and $30,000 for Fund C. If the market is poor, clients would lose $30,000 for Fund A, $50,000 for Fund B, and $15,000 for Fund C. They must Fund one to invest in for their clients. An economist group offers to do a market study for $2,000. They know the following probabilities: P(good market Fund A | favorable study) = 0.6 P(fair market Fund A | favorable study) = 0.3 P(poor market Fund A | favorable study) = 0.1…
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- Read the following case and answer questions that follow.Jill Kearns was in her first year of college, and was running low on money. She needed to makeat least $500 to cover her expenses. She considered getting a full-time job, but realized that shedid not have enough time to do her studies and keep the job. Her solution was to start a smallbusiness venture with the members of a jazz band to which she belonged. They would hold jazzconcerts and sell tickets to Jill's performances.Jill's idea for this venture came from her and a friend's interest in jazz. As the popularity of jazzhas grown, she would have seen the potential for a business venture expanding. The idea of usingher interest in music to earn the money was very appealing. Currently, the group members have$500 in the bank. In order to give a concert, Jill anticipated that they would have the followingstart-up expenses: an advertising cost of printing posters, rent on a concert hall, cost of printingtickets, and incidental…I need help setting up excel solver. I am not clear.In a Pareto Analysis explain what is Vital Few and Trivial Many. Please expound. Why is it the vital few is on the left side and the trivial many is on the right side. What is the meaning of this.