The company's economic profit for this week is = $34639
What is Economic Profit and Opportunity Cost?Revenue is reduced by explicit and opportunity expenses to get at economic profit. Opportunity costs are indeed the profits a company forgoes when deciding between options. Economic gain is utilized internally for analysis but is not necessary for open disclosure.
XYZ's total revenue is given by = Number of chairs sold * selling price per chair.
= 737 chairs * $85 per chair
= $62,645.
Each chair costs $21 to produce directly.
the implicit cost is $17
= $21 + $17
= $38
total opportunity cost = No.of chairs sold + Implicit and Explicit cost of producing each chair
= 737 * 38
= 28006
Therefore,
company's economic profit for this week = the total revenue - total opportunity cost
= $62,645 - 28006
= $34639
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A plumbing company prides itself on excellent customer service, especially during after-hours service calls. Its owners want to connect with people who need emergency plumbing services in the middle of the night. Which setting could help the owners achieve these goals
Ad scheduling could help the owners achieve these goals.
Ad scheduling:
You can define when you want your ads to appear using the ad scheduling tool, such as during regular business hours or on particular days of the week. By doing this, you can avoid paying for ads to appear when you are unable to respond to consumer inquiries. Additionally, you can specify bid adjustments using the ad schedule. This implies that you have the option of raising or lowering your bids for particular dates and times. For instance, during weekends when more people shop online, you might wish to up your bidding.
In this situation, ad scheduling is the best way to reach potential customers looking for emergency plumbing services late at night.
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normative statements involve value judgement is these statemen true or false?
Answer:
A normative statement is one that makes a value judgment. Such a judgment is the opinion of the speaker; no one can prove that the statement is or is not correct
Explanation:
4r^3t^2 – 6t^2r^3 + 3rt – 16
answer this prob
also rate how i look 1-10
Answer:10
Explanation:your cute
What is one TRUE statement about the stock exchange?
Answer:
Explanation:
For every seller, there has to be a buyer. For every buyer, there has to be a seller.The market determines the value put on a stock at least when the stock is on an exchange.There are many parameters used to determine if a stock should be bought or sold.Answer:
A. Each stock market is used to buy and sell stocks or shares of ownership in a company.
Explanation:
Edmentum 2022
Research the meanings of the following white collar crimes on the web and give a
brief meaning using your own words.
Insider trading
Larceny
Forgery
Counterfeit
Answer:
Insider trading - persons who have access to sensitive or important non-public information about a corporation trading its securities
Larceny - the stealing and transporting of personal property without the owner's consent with the purpose to rob like stealing that persons bike shoplifting
Forgery - the fraudulent act of creating, modifying, or imitating (as a document or signature).
Counterfeit - an item that unlawfully utilizes the trademark of another without that person's consent. By producing or offering a fake.
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the annuity present value factor equals one the present value factor all divided by the discount rate.
The present value factor for an annuity is equal to one less than the present value factor after dividing it by the discount rate.
What is the operation of the present value annuity component?The present value interest factor of the annuity is used to calculate the present values of a series of future annuities. The time value of money principle, which states that a sum of money gained now is worth more than a similar number received at a later time, serves as its foundation.
The present value is discounted by how much?The discount rate is the rate of investment return that is used to determine present value. The rate of return that would be sacrificed if an investor chose to accept a future payout rather than a current one is known as the discount rate, or put another way, it is the rate of return.
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A logistics company has hired you as a consultant for their SCM
implementation. Explain in detail the flow of the supply to the
stakeholders. (800 words)
The flow of supply involves the movement of goods and information from suppliers to stakeholders, ensuring timely delivery and meeting customer demands.
In a supply chain, the flow of supply refers to the process of managing the movement of goods and information from suppliers to stakeholders, including manufacturers, distributors, retailers, and end customers. It involves several key steps: Supplier Selection: Identifying and selecting reliable suppliers who can provide the required materials or products. Procurement: Purchasing the necessary materials or products from suppliers, which involves negotiating contracts, placing orders, and coordinating deliveries. Production: Transforming raw materials into finished goods through manufacturing or assembly processes.
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A trader has a portfolio worth $5 million that mirrors the performance of a stock index. The stock index is currently 1,250. Futures contracts trade on the index with one contract being on 250 times the index. To remove market risk from the portfolio the trader should
Answer:
A short futures position is required
Explanation:
Missing word "short or long in the forward or futures market?"
Worth of portfolio = $5 million
Stock is currently index = 1,250
The number of contract required is therefore:
==> {$5,000,000} / {1,250*250}
==> 16 contracts
So, in order to remove market risk from the portfolio, the trader should sell 16 contracts. 1 futures contract protects a portfolio worth 312,500 (1250*250).
In order to remove the market risk, there is need to gain on the contracts when the market declines. A short futures position of 16 contracts is therefore required..
Please help with all 3 bullet points
You have been invited to speak to a group of Managers at Paychex about increasing the business’s commitment to improved employee health benefits by increasing the opportunity to work remotely.
How will you appeal to their pathos?
How will you appeal to their ethos?
How will you appeal to their logos?
To appeal to the managers' pathos, I would emphasize the positive impact of remote work on employees' well-being, work-life balance and overall happiness.
How can remote work benefit employees' well-being and happiness?As managers, we must recognize the profound influence of employee well-being on their productivity and loyalty. By increasing the opportunity of work remotely, we offer employees a better work-life balance and flexibility.
This lead to reduced stress levels, increased job satisfaction and improved mental health. Remote work allows employees to save commuting time, spend more quality time with their families and achieve a greater sense of control over their lives.
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The quantity of money has no real impact on things people really care about like whether or not they have a job. Most economists would agree that this statement is appropriate concerning Group of answer choices both the short run and the long run. the short run, but not the long run. the long run, but not the short run. neither the long run nor the short run.
Answer:
the long run, but not the short run.
Explanation:
Most people would like to earn a lot of money but it's unclear about the advantages of earning a large salary. They can afford more pleasures once they get rich, but a recent study indicates wealthier people seem to be less able to cherish the little things in life. Economist suggests that once reaching a threshold the quantity of money don't interest the people anymore but this is a case when wealth is acquired in a long period. People to fulfill their immediate goals gave significant importance to the quantity of money.
What are the functions of money?
A. A measure of debt
B. A storehouse of value
C. A form of bartering
D. A unit of account
E. A medium of exchange
Answer:
E,C, and D, and B
Explanation:
The functions of money are- a measure of debt, a storehouse of value, a unit of account, and a medium of exchange. Thus all the options except C are the functions of money.
What is money?Money is any item or verifiable record that is widely accepted in a particular country or socio-economic context as payment for goods and services and repayment of debts, such as taxes.
Money serves as a medium of exchange, a unit of account, a store of value, and, in some cases, a standard of deferred payment. Money was historically an emerging market phenomenon with intrinsic commodity value.
Its value is derived as a result of social convention, having been declared legal tender by a government or regulatory entity; that is, it must be accepted as a form of payment within the borders of the country, for "all debts, public and private."
Therefore, options A, B,D, and E are the functions of money.
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Required information [The following information applies to the questions displayed below. Matt works for Fresh Corporation. Fresh offers a cafeteria plan that allows each employee to receive $15,000 worth of benefits each year. The menu of benefits is as follows: Benefit Health insurance-single Health insurance-with spouse Health insurance-with spouse and dependents Dental and vision Dependent care-any specified amount up to $5,000 Adoption benefits-any specified amount up to $5,000 Educational benefits-any specified amount (no limit) Cash-any specified amount up to $15,000 plan benefit 401 (k)-any specified amount up to $10,000 Cost $5,000 $ 8,000 $11,000 1,500 Variable Variable Variable Variable Variable For each of the following independent circumstances, determine the amount of income Matt must recognize (ignore FICA taxes): (Leave no answer blank. Enter zero if applicable
Matt can choose from various benefits up to $15,000 per year, but the circumstances will determine the amount of income he must recognize.
To determine the amount of income Matt must recognize for each circumstance, we need to assess the cost of the chosen benefits and compare it to the $15,000 limit.
Health insurance-single: If Matt chooses this benefit, the cost is $5,000, which is less than the $15,000 limit. Therefore, Matt does not need to recognize any income in this case.Health insurance-with spouse: The cost of this benefit is $8,000, which again falls below the $15,000 limit. Hence, Matt does not recognize any income.Health insurance-with spouse and dependents: The cost of this benefit is $11,000, still within the $15,000 limit. Therefore, Matt does not need to recognize any income.Dental and vision: The cost is $1,500, which is below the $15,000 limit. Thus, Matt does not recognize any income.Dependent care: This benefit allows Matt to specify any amount up to $5,000. If the specified amount is chosen, it will be added to Matt's taxable income.Adoption benefits: Similarly, any specified amount up to $5,000 for adoption benefits will be added to Matt's taxable income.Educational benefits: There is no limit to the amount that can be specified for educational benefits. The specified amount will be included in Matt's taxable income.Cash: Any specified amount up to $15,000 will be added to Matt's taxable income.401(k): Contributions to a 401(k) plan are not considered taxable income. Therefore, Matt does not recognize any income for this benefit.Learn more about Health insurance here:
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What is your current role as a team member either at work, school, family, or sports? How will that role change in the future?
PLEASE ANSWER
England and France produce cheese and bread. England has a competitive advantage in cheese production.
France has a competitive advantage in bread production. If England places a trade embargo on France, what is
likely to happen with cheese and bread production in each country?
O England will produce more bread and France will produce more cheese.
O England will produce more cheese and France will produce more bread.
O England will produce more cheese and France will produce less bread.
O England will produce less bread and France will produce less cheese.
If an embargo is placed by England on France, England will produce more bread and France will produce more cheese.
What is a comparative advantage?
A country has comparative advantage in production of a good if it produces at a lower opportunity cost when compared with other countries. Opportunity cost is the cost of the next best option forgone when one option is chosen over other options.
A country that has a comparative advantage in the production of a good should produce that good and import the goods for which it does not have a comparative advantage in its production.
If an embargo is placed, countries would not be able to trade so they would have to increase the production of goods they would have otherwise imported.
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which step of business process management allows managers to create a continually improving process?
The step of business process management that allows managers to create a continually improving process is the "monitoring and optimizing" step. This step involves measuring and analyzing the performance of the process to identify areas for improvement, and then making changes to the process to address these issues.
By continuously monitoring and optimizing the process, managers can identify opportunities for improvement, eliminate bottlenecks, and increase efficiency and effectiveness. This leads to a more streamlined and effective process, which can ultimately lead to improved business process management and customer satisfaction.
It's important to note that the process of continuous improvement is ongoing and requires a commitment from all members of the organization. It involves a culture of openness to change and a willingness to experiment and try new approaches to achieve better results.
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In employee is taking part in a performance appraisal process that requires the employee to rate a coworker's performance. In this case, the coworker is also the employee's spouse. This situation is an example of ________.
Performance appraisal is peculiar to establishments to better improve such. When a situation as the above is the case, then, tge situation is an example of Halo and Horn Effect.
Halo and Horn EffectHalo and Horn Effect is when our first impression of somebody leads us to have a biased positive or negative opinion of their work or company. Hence, the relationship will most likely reflect in such situation.
Therefore, the answer is Halo and Horn Effect.
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The visual enhancement of any drawing through color, value, and texture
Answer:
That would be the composition of a work.
Source:
"The arrangement of elements within a work of art."
https://www.tate.org.uk/art/art-terms/c/composition
How can the concept of opportunity cost affect your decisions when making financial plans?
Answer:
Opportunity cost is the potential benefit or gain that must be given up in order to pursue a certain action or decision. In the context of financial planning, opportunity cost can play a significant role in determining the best course of action.
When making financial plans, individuals must consider the opportunity cost of each decision they make. For example, if someone decides to invest their money in a particular stock, they must consider the opportunity cost of not investing in a different stock or asset that may have a higher potential return. Similarly, if someone decides to save money by cutting back on their spending, they must consider the opportunity cost of not being able to enjoy the things they are giving up.
Opportunity cost can also affect decisions related to debt and credit. For example, if an individual takes out a loan with a low interest rate, they must consider the opportunity cost of not being able to invest or save that money for other financial goals, such as retirement or buying a house.
Opportunity cost can also affect decisions related to time and effort, such as taking a higher paying job that requires more time and effort, or starting a business which is time-consuming and risky but can have high potential returns.
one mechanism through which increasing public debt may impact the economy is that the resulting
One mechanism through which increasing public debt may impact the economy is that the resulting increase in government borrowing can lead to higher interest rates, as investors demand higher returns to lend money to the government.
This can have a ripple effect on the overall economy, as higher interest rates can lead to reduced investment and consumption, slowing economic growth. Additionally, high levels of public debt can also lead to inflation, as the government may choose to print more money to pay off its debts, which can reduce the purchasing power of consumers and lead to higher prices for goods and services. Overall, high levels of public debt can create significant challenges for an economy, making it more difficult to maintain stable growth and manage inflation.
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From the following Ledger balances of AB International, prepare a Trial Balance.
In preparation of our Trial Balance, we have an equal credit and debit side which equals to $65,745.
Prepare of Trial Balance for AB International:A trial balance can be used to identify mathematical errors in a double entry accounting system. If the total debits equal the total credits, the trial balance is considered balanced, and no mathematical errors should exist in the ledgers.
No Particulars L.F. Debit ($) Credit ($)
1. Purchases 12,000
2. Sales 25,000
3. Discount 1,200
4. Salaries 2,500
5. Wages 10,000
6. Cash in Hand 975
7. Cash at Bank 13,500
8. Repairs & Maintenance 870
9. Sundry Expenses 350
10. Mortgage 14,000
11. Mortgage Interest 250
12. Traveling Expenses 100
13. Insurance 150
14. Carriage 250
15. Commission 350
16. Rent and Rates 600
17. Building 6,000
18. Machinery 5,000
19. Delivery Van 4,000
20. Capital 20,000
21. Accounts Payable 3,200
22. Accounts Receivable 4,500
23. Opening Stock 2,450
24. Returns Inward 300
25. Reserve for doubtful debts 800
26. Notes Payable 2,745
27. Notes Receivable 400
Total $65,745 $65,745
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In the supply-and-demand schedule shown above, at the equilibrium price, quantity supplied is _____ and quantity demanded is _____.
A. 50, 350
B. 450, 75
C. 200, 200
Answer:
C. 200, 200
Explanation:
2. If a school's total cost of attendance is $23,000 and your EFC is $5,000, how much need-based aid could you qualify for?
Answer:
$28,000 or $18,000
Explanation:
BOB OS THE BEST PERSON IN THE WORLD
If your COA is $10,000 and your EFC is $5,000, for example, you cannot get more need-based assistance than $5,000.
Your Expected Family Contribution (EFC), an index number, will determine your eligibility for federal student financial aid.
Describe EFC?Your Expected Family Contribution (EFC), an index number, will determine your eligibility for federal student financial aid.This amount was calculated using the information you provided on your Free Application for Federal Student Aid (FAFSA) form.According to the government, your EFC should be higher the more you can afford to pay for college.If one's EFC score is high, they will be eligible for less need-based federal financial aid for college.Your EFC is determined using a method that takes into consideration the family's benefits, assets, and both taxable and untaxable income.Learn more about EFC refer to:
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True or False, the productivity frontier is the single best practice that a firm can undertake at any given moment in time.
The productivity frontier represents the maximum potential output of a firm in terms of output per input, but it is not necessarily the single best practice to undertake at any given time. Then the statement is false.
The best practices to undertake depend on the firm’s resources, goals, and environment. The productivity frontier is not a single best practice that a firm can undertake at any given moment in time. Instead, the productivity frontier is a concept that describes the maximum possible output that can be produced with a given amount of input.
It is a theoretical benchmark that firms can use to measure their efficiency and identify areas for improvement. The productivity frontier is constantly shifting as new technologies and best practices are developed, so firms must continuously strive to improve their efficiency in order to stay competitive.
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35 points!!!111
Outlining involves arranging topics or ideas in relationship to each other. Please select the best answer from the choices provided T F
Answer:
TRUE
Explanation:
Answer:
Honestly, you're lying about the 35 points thing...
But the answer is TRUE
Margaret makes a change to her insurance application after completing it. who must initial her change and sign the contract?
An authorized representative of the insurance company must initial Margaret's change and both parties sign the contract.
To complete the amendment of Margaret's insurance application, specific requirements may vary depending on the policies and procedures of the insurance company.
In general, however, the insurance company's representative or agent, who is authorized to review and process changes, should abbreviate the change made by Margaret. Once the change is approved, Margaret and an authorized representative will need to sign an updated contract to confirm the change and be legally binding.
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With the recent surge in the showing of commercials to movie theater audiences, many companies have found it to be an innovative medium to reach large numbers of consumers. For instance, several beverage products, including sports drinks, soft drinks, and bottled water, advertise heavily in theaters, where they know a very broad and diffuse cross-section of consumers can be reached. Advertising in this medium relies on _________.
Answer:
Self selection.
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.
Advertisement refers to the promotional multimedia messages designed and developed to make the products or services of a company known to its customers and potential customers.
In this scenario, advertising relies on self selection.
Please help!!!
Drag each label to the correct location on the image.
Match the descriptions to the possibility of being addressed by a Trial Balance.
can detect the accuracy
of the accounting process
can help prepare the
income statement
can help check whether the
debit side is equal to the
credit side
can help check whether a
particular transaction has
been completely omitted
helps serve as a proof of
the application of the
double-entry system
According to given Image the all the scenario are possible of being addressed by a Trial Balance
Give explanations for how a Trial Balance might be addressed
Can determine whether the accounting procedure is accurate: PossibleMay aid in the income statement's preparation: PossibleMay assist in determining whether the debit and credit sides are equal: PossibleCan assist in determining whether a specific transaction has been entirely missed: PossibleAids in providing evidence of the double-entry system's use: PossibleWhat is trial balance?
A Trial Balance is a financial statement that lists all the general ledger accounts and their balances at a specific point in time.
It serves as a tool to ensure that the total debits equal the total credits in the accounting system and helps to detect errors and discrepancies in the accounting records.
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Mountain View Hospital has purchased new lab equipment for $134,650. The equipment is expected to last for three years and to provide cash inflows as follows:
Year 1. . . . . . . . . . . $45,000
Year 2. . . . . . . . . . . $60,000
Year 3. . . . . . . . . . . ?
Required: (Ignore income taxes.)
Assuming that the equipment will yield exactly a 16% rate of return, what is the expected cash inflow for Year 3?
The expected cash inflow for Year 3 is $29,650.
To determine the expected cash inflow for Year 3, we can use the concept of the rate of return and apply it to the cash inflows provided in the problem.
The rate of return is given as 16%. This means that the total cash inflows over the three years should yield a return of 16% on the initial investment.
Let's calculate the total cash inflows for the first two years:
Year 1: $45,000
Year 2: $60,000
To find the expected cash inflow for Year 3, we need to subtract the total of the first two years' cash inflows from the initial investment:
$134,650 - ($45,000 + $60,000) = $29,650
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write how one can become a skillful manager
Answer:
One can become a skillful manager with general knowledge and people skills
Explanation:
Every manager has indaviduals working under him or her, so they need to be able to communicate with their subordinates. Thats is where the people skills comes into play. Additionally, every manager needs to know alot about what they are managing, depending on if they are managing a product, or a shift at a restaurant, they need to know how things operate. This usually comes with expeirence. The third skill that every manager needs is problem solving. When a problem arises, it is a managers job to fix problems or delagte tasks to people to fix problems.
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The predetermined overhead rate is:
A. determined on a moving average basis throughout the year.
B. not calculated until actual overhead costs are incurred.
C. determined at the beginning of the year.
D. determined at the end of the current year.
Option C is the correct answer. The predetermined overhead rate is determined at the beginning of the year and is based on the estimated overhead costs and the estimated activity levels for the year. This rate is used to apply overhead costs to production throughout the year.
The predetermined overhead rate is a rate used to allocate overhead costs to products or services. It is calculated at the beginning of the year based on estimated overhead costs and estimated activity levels. This rate is used throughout the year to apply overhead costs to production.
Calculating the predetermined overhead rate at the beginning of the year allows for more accurate cost allocation to products or services. This rate is used to apply overhead costs to production based on estimated activity levels, rather than waiting until actual overhead costs are incurred, which could result in inaccurate cost allocation.
In summary, the predetermined overhead rate is calculated at the beginning of the year and is used throughout the year to allocate overhead costs to production based on estimated activity levels.
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