At the break-even point, Multiple Choice costs are zero. price is maximized. profits are zero. fixed costs are zero. contribution per unit is zero.

Answers

Answer 1

At the break-even point, profits are zero. The third option is correct. The total costs of producing a product or service are equal to the total revenue generated from sales, resulting in zero profits.

It is the point at which a business has neither made a profit nor incurred a loss. This point is important for businesses to understand as it helps them determine the minimum amount of revenue they need to generate to cover their fixed and variable costs.

Contrary to what the given options suggest, fixed costs are not zero at the break-even point, rather they are fully covered by the revenue generated from sales. The contribution per unit is also not zero, but it is equal to the unit selling price minus the unit variable cost. The break-even point helps businesses make informed decisions about pricing, production levels, and cost control.

By analyzing the break-even point, businesses can determine the impact of changes in their fixed and variable costs on their profitability and make necessary adjustments. In summary, the break-even point is a critical metric for businesses to know to achieve financial stability and profits.

Thus, the third option is correct.

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Related Questions

Write any five methods of getting information of foreign employment and discuss any one of them.​

Answers

Answer:

May it will help you

Explanation:

1) Notice board

2) Book of introduction

3) Institutions work working under the ministry of labour

4) Authority of human resources

5) Manifestos of training institutions

6)Web site

7) Newspapers

8) Public meeting :the manpower company, training institutions and institutions of public counseling are working in the field of foreign employment in nepal.

They come to the direct or indirect contact of people through various programmes of interaction, seminar, and meeting.

9)Radio and television

Foreign employment getting information through Notice board, Book of introduction, Authority of human resources, Web site, and Newspapers.

Who is Foreign employment?

Public meeting: When the manpower company, training institutions, and institutions of public counseling are working in the field of foreign employment in Nepal.

Although, They come to direct or indirect contact with people through various programs of interaction, seminars, and meetings.

Also, Foreign employment getting information through Institutions work working under the ministry of labor, Manifestos of training institutions, Radio, and television

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Which statement is broadly agreed upon by modern macroeconomists?
Question 10 options:
A)
Monetary and fiscal policy can both be effective at decreasing unemployment in the short run but not in the long run.
B)
Discretionary fiscal policy is typically an effective remedy for a recessionary gap except in special circumstances.
C)
The central bank should set a specific target rate of inflation.
D)
A monetary rule should be set by the central bank.

Answers

While there may be variations in specific inflation targeting frameworks and the optimal inflation rate to target, the general agreement among modern macroeconomists is that central banks should have a specific target rate of inflation as a key objective of their monetary policy.

Which statement is widely agreed upon by modern macroeconomists?

The statement that is broadly agreed upon by modern macroeconomists is:

The central bank should set a specific target rate of inflation.

This statement reflects the consensus among macroeconomists that central banks should aim to achieve a target inflation rate and conduct monetary policy accordingly.

Targeting a specific rate of inflation helps promote price stability, which is considered essential for maintaining a well-functioning economy.

By setting a target inflation rate, central banks can guide their monetary policy decisions to control the money supply, interest rates, and other relevant factors in order to achieve the desired inflation rate.

This approach provides a clear framework for conducting monetary policy and helps anchor inflation expectations among households, businesses, and financial markets.

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The Whalers are interested in trading their star left tackle. He is a veteran and makes $1.6 million per year. They are considering signing a player from another team who makes $1 million per year. How much money would they save by trading their current left tackle and signing the player from the other team for three years?

Answers

Answer:

$1,800,000

Explanation:

The veteran player makes $1.6 million per year.

The new prayer will be paid $1 million per year.

the Savings per year will be

= $1, 600,000 - 1,000,000

= $ 600,000

The savings in three years will be

=$600,000 x 3

=$1,800,000

The association stradegy is used to_________information

Answers

Answer:

The association strategy is used to help memorized information.

Explanation:

A benefit of using association is that it allows the learner to be creative and have fun. ... The association strategy is used to help memorized information.

Which of the following is included in the cost of land?
A) The cost of fencing
B) The cost of paving
C) The cost of clearing the land
D) The cost of outdoor lighting

Answers

E) Brokerage commission is included in the cost of land.

A broker is a person who connects the buyer of a land or property to the seller of a property or land.

When a deal is finalized between a buyer and a seller through a broker then a broker receives a commission for the deal. The bigger the deal, the more will be the commission of the broker.

Hence, when you are interested to buy a piece of land, the price of the brokerage commission is included in the cost at which you will buy the land. However, the commission of the broker can be changed upon request.

The question will correctly be written as:

Which of the following is included in the cost of land?

A) The cost of fencing

B) The cost of paving

C) The cost of clearing the land

D) The cost of outdoor lighting

E) Brokerage commission

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If, after interviewing, you are sure a job is not for you, it is not necessary to send a thank-you note.


Please select the best answer from the choices provided

T
F
FIRST ANSWER GETS BRAINLIEST ;)

Answers

Answer:

I think t because it's to be nice because u never know they can reccomend u for something

Answer:

The answer is False

Explanation:

I took the test on e2020

Which of these is NOT a legal entity for selling life insurance in Florida?a. Independent agency systemb. Risk management advisersc. Career agency systemd. Personal producing general agency

Answers

Option b. Risk management advisers  is not a legal entity for selling life insurance in Florida.

What is then?

In Florida, only licensed insurance companies or licensed insurance agents and agencies are allowed to sell life insurance. The independent agency system, career agency system, and personal producing general agency are all legal entities for selling life insurance.

Independent agency system refers to a group of agents who are not employees of a company but instead work independently. The career agency system refers to a group of agents who are employed by a specific company. Personal producing general agency refers to an agency where the owner is also a producer of insurance.

However, risk management advisers are not a legal entity for selling life insurance in Florida as they are not licensed insurance agents or companies.

Hence, option b is correct.

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Today's marketers see information not only as a tool for input for better decision-making, but also as ___________________________.

Answers

Today's marketers see information not only as a tool for input for better decision-making but also as an important strategic asset and marketing tool

Who is a marketer?

A person or business that promotes or advertises something

An employee who works in marketing is in charge of establishing a connection between the client and the good or service that the business is providing.

By keeping enormous inventories of products for supply or by effectively marketing the product to encourage large sales, this participation is attained.

When marketers enter the mix, though, a significant muddle results. Despite the fact that the terms sound relatively similar, there are a lot of significant differences.

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Through what channel did e-commerce first evolve? A) Online advertising sales. B) Internet portals. C) Online book sales. D) Internet service providers.

Answers

The channel through which e-commerce first evolved was online book sales. In the early 1990s, companies such as Amazon and Barnes & Noble started selling books online, which paved the way for other products to be sold online as well. The correct option is C.

E-commerce, or electronic commerce, refers to the buying and selling of goods and services over the Internet. It has become an increasingly important part of the global economy and has revolutionized the way people shop and do business.

One of the key developments that helped to establish e-commerce as a viable and convenient way to shop online was the emergence of online book sales. In 1995, Amazon.com launched as an online bookstore, offering customers the ability to purchase books online and have them delivered directly to their homes. This was a significant departure from traditional brick-and-mortar bookstores, which required customers to physically visit a store to purchase books.

Amazon's success in the online book retailing market helped to establish e-commerce as a viable way for consumers to shop for a wide range of goods and services online. Other companies soon followed, launching online retail platforms for everything from clothing to electronics to groceries.

Today, e-commerce platforms such as Amazon, eBay, and Alibaba have become major players in the global economy, with millions of users around the world using them to buy and sell goods and services online.

The correct option is C.

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Problem 2 A consumer's preferences for two goods are represented by the function lnu=β 1

ln(x 1

−γ 1

)+ β 2

ln(x 2

−γ 2

) where β 1

,β 2

>0 and β 1

+β 2

=1 and x 1

>η≥0,x 2

>γ 2

≥0. The Linear Expenditure System (LES) may be derived from this function. LES was first used by Richard Stone (1954): Linear Expenditure System and Demand Analysis: An Application to the Pattern of British Demand, The Economic Journal, 511 - 527. Furthermore, the CobbDouglas (CD) utility function may be written as lnu=α 1

lnx 1

+α 2

lnx 2

. a) The CD-utility function is a special case of the LES-utility function. Show this. b) Derive the ordinary demand functions from the CD-utility function. c) Derive the ordinary demand functions from the LES-utility function. d) Compare the LES and CD demand functions. e) Assume a Cobb-Douglas utility function. Derive the own-price, cross-price and income elasticities in the two good case. f) Assume a LES utility function. Derive the own-price, cross-price and income elasticities in the two good case (the own-price elasticities are tricky). g) Show that the elasticities derived from the LES utility function indicate that we have no inferior goods, only gross complements, and own-price inelastic demand.

Answers

The given problem discusses the relationship between the Linear Expenditure System (LES) and Cobb-Douglas (CD) utility function.

It explores the connection between these utility functions, derives ordinary demand functions from both, and compares the demand functions. Additionally, it examines the elasticities of the two utility functions and concludes that the LES utility function indicates no inferior goods, only gross complements, and own-price inelastic demand.

a) The CD-utility function can be seen as a special case of the LES-utility function by setting β1 = α1 and β2 = α2. This simplification leads to the CD form where the logarithmic terms have coefficients equal to the exponents in the CD utility function.

b) From the CD-utility function, ordinary demand functions can be derived by taking the partial derivatives of the utility function with respect to x1 and x2, and then solving for x1 and x2, respectively.

c) Similarly, the ordinary demand functions can be derived from the LES-utility function by taking the partial derivatives with respect to x1 and x2, setting them equal to zero, and solving for x1 and x2.

d) The derived demand functions from the LES and CD utility functions can be compared in terms of their mathematical form and implications for consumer behavior.

e) Assuming a Cobb-Douglas utility function, the own-price elasticity, cross-price elasticity, and income elasticity can be derived by differentiating the demand functions with respect to prices and income.

f) Assuming a LES utility function, the own-price, cross-price, and income elasticities can also be derived, with a specific focus on the challenges of obtaining the own-price elasticities.

g) The elasticities derived from the LES utility function suggest that there are no inferior goods, only gross complements, and the demand is own-price inelastic. This indicates that changes in price have a relatively small effect on the quantity demanded.

Overall, the problem explores the relationship between utility functions, derives demand functions, and analyzes the implications of different utility functions on consumer behavior and elasticity measures.

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in today’s business, to be considered a fully-fledged erp system, a vendor’s erp product must be able to support ______.

Answers

In today's business, to be considered a fully-fledged ERP system, a vendor's ERP product must be able to support comprehensive integration and automation across multiple functional areas of an organization.

A fully-fledged ERP (Enterprise Resource Planning) system is expected to provide seamless integration and automation across various functional areas within an organization. This integration allows for efficient data sharing and real-time communication between different departments, enabling a holistic view of business operations.

Firstly, a comprehensive ERP system should support integration across core functions such as finance, human resources, supply chain management, manufacturing, sales, and customer relationship management. This integration enables organizations to streamline processes, eliminate data silos, and enhance collaboration across different departments. Secondly, automation is a crucial aspect of a fully-fledged ERP system.

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The Junk Bond/Aggressive Growth Stock Blend fund of the Knight Investment Company of America has $500 million in assets, $100 million in liabilities and has 20,000,000 shares outstanding. What is the NAV of a single share this fund?

Answers

To determine the Net Asset Value (NAV) of a single share of a mutual fund, use the formula shown below NAV = (Total Fund Assets – Total Fund Liabilities) / Total Number of Fund Shares outstanding Now, use the given figures for the Junk Bond/Aggressive Growth Stock

Blend fund of the Knight Investment Company of America to calculate the NAV of a single share of this Are the main fund .Solution Given Total Fund Assets = $500 million Total Fund Liabilities = $100 million Total Number of Fund Shares outstanding = 20,000,000Using the formula shown above ,NAV = (Total Fund Assets – Total Fund Liabilities) / Total Number of Fund Shares outstanding= ($500,000,000 - $100,000,000) / 20,000,000= $400,000,000 / 20,000,000= $20 per share Hence, the main answer is $20 per share, To determine the Net Asset Value (NAV) of a single share of a mutual fund,

the formula shown below NAV = (Total Fund Assets – Total Fund Liabilities) / Total Number of Fund Shares outstanding Now, use the given figures for the Junk Bond/Aggressive Growth Stock Blend fund of the Knight Investment Company of America to calculate the NAV of a single share of this fund. Given Total Fund Assets = $500 millionTotal Fund Liabilities = $100 millionTotal Number of Fund Shares outstanding = 20,000,000Using the formula shown above,NAV = (Total Fund Assets – Total Fund Liabilities) / Total Number of Fund Shares outstanding= ($500,000,000 - $100,000,000) / 20,000,000= $400,000,000 / 20,000,000= $20 per share" and the explanation is that the Net Asset Value (NAV) of a single share of a mutual fund can be calculated by using the formula:NAV = (Total Fund Assets – Total Fund Liabilities) / Total Number of Fund Shares outstanding. Using the given figures for the Junk Bond/Aggressive Growth Stock Blend fund of the Knight Investment Company of America, the NAV of a single share of this fund is $20.

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the principal of a mortgage loan is the

a. down payment minus the closing costs minus the purchase price
b. purchase price plus the closing costs minus the down payment
c. down payment plus the closing costs plus the down payment
d. purchase price minus the closing costs minus the down payment

Answers

The down payment less the closing charges less the purchase price is the mortgage loan's principle.

What does a mortgage look like in its simplest form?

When you enter into a mortgage with a lender, you give the lender the right to seize the property if they are unable to make the loan amount back plus the interest. You might be able to get a mortgage loan that will enable you buy a new house using the worth of the an existing home as security.

Why do individuals use mortgages?

Mortgage loans assist people in financing the purchase of real estate by taking a small portion of the property's overall worth as payment. How Do Mortgages Work A mortgage is a loan used to pay for the upkeep of a home, piece of land, or other kinds of rental properties.

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3. Explain how productivity affects economic growth.

Answers

Answer:

Productivity increases have enabled the U.S. business sector to produce nine times more goods and services since 1947 with a relatively small increase in hours worked. With growth in productivity, an economy is able to produce—and consume—increasingly more goods and services for the same amount of work.

Explanation:

The market for clothes has the structure of monopolistic competition. Consider what effects fewer firms in this industry will have on you as a consumer. a. Fewer firms in the industry will the variety of clothes available to consumers. not affect decrease b. Fewer firms in the industry will differences in the quality of service among firms. increase decrease c. Fewer firms in the industry will the prices consumer pay. decrease increase not affect

Answers

The correct option is: c. Fewer firms in the industry will increase the prices consumer pay. In a monopolistic competition market structure, there is a large number of small firms that produce similar but slightly differentiated products.

Consumers perceive the products as different, even though the difference may be quite minimal, such as design or quality. The following are the effects of fewer firms in the industry on the consumers: Fewer firms in the industry will not affect the variety of clothes available to consumers.

Fewer firms in the industry will increase the differences in the quality of service among firms. Fewer firms in the industry will increase the prices consumer pay. Therefore, if there are fewer firms in the industry, the remaining firms can enjoy more market power, allowing them to increase prices and maintain profit margins.

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How has globalization effected China? PLS HELP, I NEED BULLET POINTS, NO LINKS :>

Answers

Answer:

Hey mate.....

Explanation:

This is ur answer....

As the global economy shifts its focus towards China, new opportunities for businesses to enter the Chinese market are emerging. In other words, the impact of globalisation on China's economic growth is already being felt. China is rapidly becoming the new champion of economic cooperation, trade and globalisation.

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melinda earned $50,000 and paid taxes of $12,500. she would have paid $35 on the next $100 she made. compute her average and marginal tax brackets.

Answers

Melinda earned $50,000 and paid taxes of $12,500. If she would have paid $35 on the next $100 she made, we can determine her average and marginal tax brackets as follows:A. Average Tax Bracket Average tax bracket is the percentage of your income that you pay in taxes. It is determined by dividing the total amount of taxes paid by the total income earned.

The formula for computing the average tax bracket is given as:Average Tax Bracket = Total Tax Paid / Total Income Earned * 100. Since Melinda earned $50,000 and paid taxes of $12,500, her average tax bracket can be determined as follows:Average Tax Bracket = Total Tax Paid / Total Income Earned * 100 Average Tax Bracket = 12,500 / 50,000 * 100 Average Tax Bracket = 25%Thus, Melinda's average tax bracket is 25%.B. Marginal Tax Bracket. The marginal tax bracket is the percentage of tax that is paid on the next dollar of income earned. It is the tax rate that is applied to the next dollar of income earned. The marginal tax bracket is determined by looking at the tax bracket chart and determining the tax rate for the next dollar of income earned.Since Melinda would have paid $35 on the next $100 she made, we can determine her marginal tax bracket as follows:Marginal Tax Bracket = Tax Paid on Next Dollar / Increase in Income * 100 Marginal Tax Bracket = 35 / 100 * 100 Marginal Tax Bracket = 35%Thus, Melinda's marginal tax bracket is 35%.

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Earlier in the semester, we learned about the "shock therapy" that Russia adopted to transition from the socialist economy to a market-based economy. Clearly, the Chinese leadership chose a different approach. Describe several economic reforms that began in the 1980s under Deng Xaioping and have been progressing ever since. In what ways were these reforms intended to address the defects of a centrally planned, socialist economy?

Answers

In contrast to Russia's "shock therapy" approach: Deng Xiaoping's economic reforms in China were focused on gradually transitioning the economy from a centrally planned, socialist system to a more market-based one, addressing its defects and fostering economic growth

Deng Xiaoping initiated several economic reforms to transition China's economy from a centrally planned, socialist system to a more market-based one. Some key reforms included:

1. Decollectivization of agriculture: This reform dismantled the collective farming system, allowing individual farmers to work on their own plots and make decisions about what to grow. This led to increased agricultural productivity and incentivized farmers to produce more.

2. Special Economic Zones (SEZs): Deng Xiaoping established SEZs in coastal cities, which had more relaxed economic policies to attract foreign investment. These zones allowed foreign companies to set up operations and brought in new technology and management techniques, stimulating economic growth.

3. Opening to foreign investment: China began to actively seek foreign investment, encouraging multinational corporations to invest in China. This helped the country to acquire advanced technology, modernize its industries, and generate employment opportunities.

4. Market-oriented reforms: The government gradually reduced its control over prices, allowing market forces to determine the value of goods and services. This encouraged competition and promoted efficiency in the economy.

These reforms were intended to address the defects of a centrally planned, socialist economy by:


- Increasing productivity and efficiency through market-based incentives and competition.


- Attracting foreign investment and technology to modernize China's industries.


- Reducing the government's control over the economy, allowing for greater flexibility and adaptability.

In summary, Deng Xiaoping's economic reforms in China were focused on gradually transitioning the economy from a centrally planned, socialist system to a more market-based one, addressing its defects and fostering economic growth.

This approach was significantly different from Russia's "shock therapy," which aimed for a rapid transition with immediate liberalization and privatization.

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Explain what will happen to the size of both M1 and M2 in each of the following situations: Bill withdraws $500,000 from his money market account to buy a famous painting. Paul transfers $10,000 from his NOW account to his savings account. Sarah takes $5,000 out of her savings account and transfers it to her checking account. Assume there is an economy with a single bank, and the central bank sets the reserve requirement ratio at 10%. Assume also that the only bank had no transactions (i.e., no loans, reserves, or deposits) prior to an individual who deposits $1000 of currency with the bank. As a result of this deposit, calculate the amount of required reserves, actual reserves, and excess reserves. After the bank has issued the maximum amount of loans, what will be the total amount of loans, deposits, and money in the economy? What is the size of the money multiplier for this economy?

Answers

1. The impact on both M1 and M2 are: A) M1 will increase and M2 will remain the same, B) M1 and M2 will remain the same, and C) M1 will increase while M2 remains the same.

2. a) The required reserves are $100, actual reserves are $1000, and excess reserves are $900. b) The total deposits will be $1000 and the total money in the economy will be $1900. c) The size of the money multiplier is 10.

1. The impact on the size of both M1 and M2 in each of the following situations:

A) When Bill withdraws $500,000 from his money market account to buy a famous painting, M1 will increase and M2 will remain the same. This is because withdrawing money from a money market account (part of M2) and using it as cash (part of M1) increases the amount of cash in circulation, but the overall money supply (M2) remains unchanged.

B) When Paul transfers $10,000 from his NOW account to his savings account, both M1 and M2 will remain the same. This is because the money is simply being moved between accounts that are both included in M1 and M2.

C) When Sarah takes $5,000 out of her savings account and transfers it to her checking account, M1 will increase while M2 remains the same. This is because checking accounts are included in M1, while savings accounts are part of M2. However, the overall money supply (M2) remains unchanged.

2. Assume there is an economy with a single bank, and the central bank sets the reserve requirement ratio at 10%. Assume also that the only bank had no transactions (i.e., no loans, reserves, or deposits) prior to an individual who deposits $1000 of currency with the bank.

a) As a result of this deposit, the required reserves are $100 (10% of $1000), actual reserves are $1000 (since the bank has not yet issued any loans), and excess reserves are $900 ($1000 actual reserves - $100 required reserves).

b) After the bank has issued the maximum amount of loans, the total amount of loans will be $900 (the excess reserves). The total deposits will be $1000 (the initial deposit) and the total money in the economy will be $1900 ($1000 initial deposit + $900 loans).

c) The size of the money multiplier for this economy is 1 / reserve requirement ratio, which is 1 / 0.1 = 10.

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Of all of the emerging industries, choose one or two and discuss why you think this industry is so up and coming in the world. Would you ever want to work in this industry? Why or why not?
(THIS IS CRITICAL THINKING!!!)

Answers

One emerging industry that is rapidly gaining attention and investment is the field of renewable energy. With concerns over climate change and a global push for sustainability, the renewable energy industry is seeing significant growth and is expected to continue expanding in the coming years.

Renewable energy encompasses a variety of sources, including solar, wind, hydro, geothermal, and biomass, and offers numerous benefits. For one, it reduces our reliance on nonrenewable resources, such as oil and gas, which are finite and emit harmful pollutants when burned. Renewable energy sources, on the other hand, are clean and emit little to no greenhouse gases, making them a more environmentally-friendly option.

In addition, the renewable energy industry is creating jobs and stimulating economic growth. As more companies invest in renewable energy, new jobs are being created in areas such as installation, maintenance, and research and development. This can also lead to the growth of local economies as companies establish new facilities and infrastructure.

Personally, I would be very interested in working in the renewable energy industry. I believe that it is a rapidly growing field that is making a positive impact on the environment and our society. Working in this industry would allow me to contribute to the development of new technology and solutions to the challenges we face related to energy and climate change.

Another emerging industry that is gaining attention is the field of artificial intelligence (AI). AI is rapidly changing the way we live and work, with applications in fields such as healthcare, transportation, and finance. AI technologies, such as machine learning and natural language processing, are being developed to automate tasks, improve efficiency, and enable new capabilities.

However, the growth of AI also presents challenges and concerns, such as the potential for job displacement and the ethical implications of using AI in decision-making processes. As such, the industry is still in a period of rapid evolution and uncertainty.

Personally, I find the field of AI fascinating and believe it has the potential to make significant positive impacts on society. However, I am also mindful of the potential risks and ethical considerations involved in developing and deploying AI technologies. As such, if I were to work in this industry, I would want to ensure that I am contributing to the development of responsible and ethical AI solutions.

Of all of the emerging industries, choose one or two and discuss why you think this industry is so up and coming in the world. Would you ever want to work in this industry? Why or why not?(THIS IS CRITICAL THINKING!!!)

In 20X1, Cordova Inc. acquired Cordant Corporation and $140 million in goodwill was recorded. At the end of its 20X3 fiscal year, management has provided the following information for a required goodwill impairment test ($ in millions): Fair value of Cordant (approximates fair value less costs to sell) $ 980 Fair value of Cordant’s net assets (excluding goodwill) 900 Book value of Cordant’s net assets (including goodwill) 1,050 Present value of estimated future cash flows 1,000 Assuming that Cordant is considered a reporting unit, the amount of goodwill impairment loss that Cordova should recognize according to U.S. GAAP is: Multiple Choice None. $20 million. $50 million. $70 million.

Answers

Assuming that Cordant is considered a reporting unit, the amount of goodwill impairment loss that Cordova should recognize according to International Financial Reporting Standards is $50 million. The correct option is b.

The International Financial Reporting Standards (IFRS) have a set of accounting standards that govern how specific types of transactions and events are reported in financial statements. The International Accounting Standards Board established and maintains them. The IASB's goal is for the standards to be applied consistently around the world, allowing investors and other users of financial statements to compare the financial performance of publicly traded businesses on a like-for-like basis in their international peers.

Assuming that Cordant is considered a reporting unit, the amount of goodwill impairment loss that Cordova should recognize according to International Financial Reporting Standards is $50 million.

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what is the cumulative effect of the inventory error on total gross profit for the 2 years?

Answers

Answer:

its lower gross profit under the LIFO then the methode FIFO

Explanation:

what is meant by the phrase 'external costs of production'

Answers

External costs of production, also known as externalities, refer to the indirect costs that are incurred as a result of producing goods and services but are not reflected in the market price.

These costs are imposed on individuals or society as a whole and are not accounted for by the producers or consumers of the goods and services. Externalities can be negative or positive and can arise from a variety of sources, such as pollution, congestion, noise, or benefits to others. Externalities are often considered to be market failures because they can result in inefficient outcomes and distortions in resource allocation.

Therefore, external costs of production, also known as externalities, refer to the indirect costs that are incurred as a result of producing goods and services but are not reflected in the market price.

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What is a handshake?

Answers

shaking a persons hand

Explanation:

A quick gesture individual make involving the connection of both persons forearms proceeding to move them up and down

By law, manufacturers and distributors are responsible for providing Safety Data Sheets.
Who else is responsible for providing Safety Data Sheets?
Select the best option.
O
O
Managers
Workers
Importers
Employers

Answers

Managers are responsible for providing Safety Data Sheets.

According to the Hazard Communication Standard (HCS) (29 CFR 1910.1200(g)), which was updated in 2012, the chemical manufacturer, distributor, or importer must give downstream users Safety Data Sheets (SDSs) (previously known as Material Safety Data Sheets or MSDSs) for each hazardous chemical in order to inform them of the hazards.

The SDS and MSDS both include virtually the same information, but today the SDSs must be presented in a standardized, user-friendly, 16-section format. This guideline helps workers who handle dangerous chemicals become accustomed to the format and comprehend the SDSs' contents.

The SDS contains details about the physical, physiological, and environmental dangers of each chemical, as well as information about how to handle, store, and transport each chemical safely.

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Last month, Tech Industries sold its product for $50 per unit. Fixed production costs were $25,000, and variable production costs amounted to $10.50 per unit. Fixed selling and administrative costs totaled $15,000, and variable selling and administrative costs amount to $2.00 per unit. Tech Industries produced and sold 5,000 units last month.

Answers

Answer:

Operating profit = $147,500

Explanation:

Missing question is "What is the total operating profit?

Operating profit = Sale unit(Selling price - Variable Cost) - Fixed expenses

Operating profit = 5,000 * ($50 - $10.50 - $2.00) - $25,000 - $15,000

Operating profit = 5,000*$37.5 - $40,000

Operating profit = $187,500 - $40,000

Operating profit = $147,500

Organizational structure refers to the:
[] formal patterns of communication, who talks to whom.
[] pattern of communication networks in the organization.
[] directing of the flow of communication within an organization.
[] formally prescribed pattern of interrelationships existing between various units.

Answers

The correct answer is: formally prescribed pattern of interrelationships existing between various units. Prescribed interrelationships between units for effective coordination and communication.

Organizational structure refers to the formal framework that outlines how various units, departments, or divisions within an organization are interconnected and how they interact with each other. It defines the hierarchy, reporting relationships, and communication channels within the organization.

The structure specifies the roles, responsibilities, and authority of different individuals or positions and establishes the overall framework for decision-making and coordination. While communication patterns and networks are influenced by the organizational structure, they are not the sole definition of it.



Organizational structure refers to the formally prescribed pattern of interrelationships between units in an organization, defining roles, responsibilities, and communication flow for effective coordination and decision-making. Therefore, The correct answer is: formally prescribed pattern of interrelationships existing between various units.

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How does the environment of both the new england and middle colonies affect their economies?.

Answers

New England had a suitable environment for industrial development. Its geography can be explained by hills and forest areas. Economies mainly focused on Industrial professions like making equipment for ships, boats, fishing, etc as the area was not suitable for farming because it had cold weather, hard rocky lands, etc. People here used to be mostly craftsmen, merchants, workers for boats, and lumberjacks. Many mills were created because of water availability. Industries affected New England's economy.The Middle Colonies had very fertile land than New England. Its geographical representation: Warmer climate with fertile soil, flat land, swift rivers flowing across, and wide valleys making it perfect for farming and growing crops. Because of the land suitable for farming, the Middle colonies also provided Trading opportunities. The economies were focused on professions like Farming, Traders.

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3. Which of the following is consistent with the basic economic postulate that incentives
matter?
Consumers buy fewer cars when the price of cars rises.
a.
b. Farmers produce less corn when corn prices decline.
C. A politician votes for a subsidy when it is in the best interest of a special interest group
within his district even if it might harm other voters.
d. All of the above.

Answers

All of the given option are consistent with the basic economic postulate that incentives matter.So, option (d) is correct answer.

What is economic incentives?

Economic incentives are financial perks offered to individuals to change their patterns of consumption and output in an economy. Most often, economic incentives are used to alter people's behavior such that desired results appear naturally.

Economics as a whole is based on the straightforward tenet that shifts in incentives have predictable effects on how people behave. Incentives are influenced by both monetary and non-monetary factors.

People will be less inclined to select something if it becomes more expensive. In turn, consumers will be more inclined to select an alternative as the benefits associated with it grow. This straightforward notion, often known as the basic postulate of economics, is an effective tool because it pertains to practically everything we do. Less people will select an option as it grows more expensive.

So, above postulate is satisfied by all options given to us.

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Which type of insurance covers preventive care and medical treatment?

Answers

health insurance is the answer
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