Businesses earn profits by converting financial, physical, and labor resources into goods and services that satisfy consumer demands. true or false

For 2022, Abhijeet's gross income from the partnership is $72,000.

Gross income = Revenue ($900,000) - operating expenses($660,000) = $240,000  

Abhijeet's gross income = $240,000 × 30/100 = $72,000

What is gross income?

Before any deductions or taxes, gross income is the sum of all wages, profits, interest payments, rent, and other types of income received by families and individuals. Unlike net income, which is determined by subtracting from gross income all applicable taxes and other deductions, it is not the same thing.Gross revenue is important for both businesses and individuals since it displays your financial history and accounting, which provides insight into your overall financial health. When it comes to taxes, your adjusted gross income is a crucial factor to take into account. You can get bigger tax refunds and pay overall less tax if your adjusted gross income is lower.

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The total profit sharing pool under: [A}  First-Dollar of Profits formula is $1.5 million. [B] Graduated First-Dollar-of-Profits formula is $2.6 million. [C] Profitability Threshold Formula is $750,000.

Part 1:

A) First-Dollar of Profits formula:
The company agrees to share 3% of all profits up to $25 million.
Total profits under the "First-Dollar of Profits" formula is:
Profit-sharing pool = 0.03 * $50 million (since the profits are above $25 million)
Profit-sharing pool = $1.5 million

B) Graduated First-Dollar-of-Profits formula:
The company agrees to share 4% of all profits up to $20 million, and 6% of all profits up to $45 million.
Total profits under the "Graduated First-Dollar-of-Profits" formula is:
Profit-sharing pool = (0.04 * $20 million) + (0.06 * $30 million) [because there's an additional $30 million beyond the first $20 million, and the profits are within the $45 million limit]
Profit-sharing pool = $800,000 + $1,800,000
Profit-sharing pool = $2.6 million

C) Profitability Threshold Formula:
The company agrees to share 5% of all profits above $20 million up to $35 million.
Total profits under the "Profitability Threshold Formula" is:
Since the company's profit is $50 million, it exceeds the limit of $35 million. Therefore, the profit-sharing pool will only be calculated for the $15 million between $20 million and $35 million.
Profit-sharing pool = 0.05 * $15 million
Profit-sharing pool = $750,000

In summary:
[A] The total profit-sharing pool under the "First-Dollar of Profits" formula is $1.5 million.
[B] The total profit-sharing pool under the "Graduated First-Dollar-of-Profits" formula is $2.6 million.
[C] The total profit-sharing pool under the "Profitability Threshold Formula" is $750,000.

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In a typical transaction, the real estate salesperson's commission is paid by the seller. The commission is usually a percentage of the final sale price of the property.

When a property is sold, the seller enters into an agreement with a real estate brokerage, which represents the seller's interests in the transaction. The brokerage then employs a real estate salesperson to market and sell the property. When the transaction is completed and the property is sold, the seller pays the commission to the brokerage.

The brokerage, in turn, pays the real estate salesperson their commission based on the agreed-upon terms.

It's important to note that the specific terms and percentage of commission can vary, and are typically negotiated between the seller and the brokerage prior to listing the property.

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Answer: countries would purchase microchips from japan because they are cheaper

Explanation:

Answer:

C countries with purchase microchips from Japan because they are cheaper.

Explanation: USATestprep

It would be anticipated that the profit would rise by 45%. The appropriate response to the given question is option (c).

The percentage of a company's cost structure that is made up of fixed expenses as opposed to variable costs is measured by operating leverage. A corporation is said to have more operating leverage if its fixed expenses are higher than its variable costs.

Magnitude of operating leverage= 4.5

Old sales= $100000

New sales= $110000

Percentage increase in sales:

(New-old)/old = (110,000-100,000)/100,000

                       = 10%

Consequently, a percentage rise in profit might be anticipated:

sales percentage growth times the degree of operational leverage

                        = 10% * 4.5

                        = 45%

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Answer:

false

Explanation:

I THINK IT'S FALSE OK?! I'm a straight B student, if that's enough proof LOL

The name of unethical practice that firms engage in when they overcharge for certain items or services is known as price gouging.

This refers to the behavior which is shown to have no honor and respect for due process and is usually done in order to make a quick profit to the detriment of others.

Hence, we can see that when there are natural disasters or situations when there are uncertain situations, some firms actually overcharge for certain items or services, knowing customers will pay the higher cost due to a lack of options and this is known as price gouging.

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There are certain factors that Catina should consider about the business she's thinking to embark upon. The solution to the questions posed are as follows:

The competition in her community. There are already 15 other beauty salons in Catina's community, so she will need to find a way to differentiate her business from the competition.

Her target market : Who is Catina's target market? Is she targeting working women between the ages of 18-40, or is she targeting a different demographic?

Her financial resources : Does Catina have enough money to cover the start-up costs of opening a salon? These costs can include rent, equipment, inventory, and marketing.

2.

The location of her salon. Where should Catina locate her salon? She will need to choose a location that is convenient for her target market and that has enough foot traffic.

The hours of operation. What hours should Catina keep her salon open? She will need to choose hours that work for her target market and that will allow her to make a profit.

The services she will offer. What services will Catina offer at her salon? She will need to choose services that are in demand and that will allow her to make a profit.

3.

The economy. The economy can have a big impact on the success of a small business. If the economy is doing well, people will have more money to spend on beauty services. However, if the economy is doing poorly, people may be more likely to cut back on non-essential expenses, such as beauty services.

The competition. The competition in Catina's community will also affect her decisions. If there are a lot of other beauty salons in her community, she will need to find a way to differentiate her business from the competition.

4.

The ability to be her own boss. Catina will be able to set her own hours and make her own decisions about the direction of her business.

The potential to make a lot of money. If Catina is successful, she could make a lot of money owning her own business.

Overall, opening a beauty salon can be a great way for Catina to achieve her goals. However, it is important for her to carefully consider all of the factors involved before taking this step.

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Collar ties, also known as rafter ties, are structural members that help to stabilize and strengthen the roof framing system. They are typically horizontal beams or boards that connect opposing rafters near the ridge of the roof. The specific location of collar ties within the roof depends on the design and construction of the building.

In traditional roof framing, collar ties are commonly installed in the upper third of the roof, horizontally connecting the upper portions of the opposing rafters. This placement helps to prevent the rafters from spreading apart and provides lateral support to the roof structure.

The exact positioning of collar ties may vary depending on factors such as roof pitch, span, load requirements, and building codes. In some cases, additional collar ties or other structural elements like ridge boards, purlins, or ceiling joists may be used to enhance the roof's stability.

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Answer:

a. resources

Explanation:

Migration refers to the movement of a group of people from one geographical region (location) to another geographical destination in search of better living conditions, work or social amenities.

Migration selectivity can be defined as the likelihood or tendency that a subset (part) of a group of people are going to move (migrate) out of a particular geographical location or area.

Some of the factors that influence migration selectivity are income level, age, education, gender etc.

A critique of modernization theory suggests that neocolonialism causes underdevelopment, and that poor countries stay underdeveloped because the global economic system extracts and transfers resources to developed nations.

Poor countries stay underdeveloped because the global economic system extracts and transfers resources to developed nations.

The answer to this question is option a. A lot of countries are blessed with a lot of natural resources yet they remain very poor and dependent on other first world nations.

Neo colonialism means that some of these nations are still heavily influenced by the nations that they are highly dependent on.

The continent of Africa is blessed with a lot of natural resources. Crude oil for instance, but most of these resources are transported abroad and the continent remains underdeveloped.

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Answer:

mobile and portable

Explanation:

This illustrates mobile and portable unique attributes associated specifically with digital marketing.

A decoration, interpretation, or visual explanation of a text, concept, or process is called an illustration. Illustrations are made to be integrated into print and digitally published media, including posters, flyers, magazines, books, instructional aids, animations, video games, and films

When promoting goods and services, digital marketing makes use of the Internet and other online-based technology such as desktop computers, mobile phones, and other digital media and platforms.

Therefore, Product attributes are traits or qualities that characterize a good. These qualities can be tangible,

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Answer:

entrepreneurial ability

Explanation:

Entrepreneurial ability is the capacity to understand every aspect of a business. It entails combining a range of technical, management, and personal skills. Entrepreneurial ability incorporates creativity, ambition, determination, teamwork,  risk management, and a sense of responsibility.

Spencer must have Entrepreneurial abilities; that's why the club hired him.  The club believes that his creativity and determination will be useful in finding additional resources. Spencer can recognize, attract, and retain talent. Entrepreneurial abilities involve taking over a business that already exists and making it better.

Answer:

meeee I think i can do it

Explanation:

plz

Answer:

The net present value of the project is $38,845.27.

Explanation:

To calculate the net present value (NPV) of the project, we need to calculate the cash flows for each year and then discount them back to their present value using the required return of 8%.

Year 0:

Initial cash outflow = - $187,000 (purchase of fixed assets)

Net working capital outflow = - $3,250

Total cash outflow = - $190,250

Year 1:

Sales = $124,000

Variable costs = $33,100

Fixed costs = $12,650

Depreciation = $187,000 x 33.33% = $62,241

EBIT = $16,009

Taxes (21%) = $3,362

Net income = $12,647

Depreciation = $62,241

Operating cash flow = $74,888

Year 2:

Sales = $124,000

Variable costs = $33,100

Fixed costs = $12,650

Depreciation = $187,000 x 44.45% = $83,015

EBIT = $18,235

Taxes (21%) = $3,829

Net income = $14,406

Depreciation = $83,015

Operating cash flow = $97,421

Year 3:

Sales = $124,000

Variable costs = $33,100

Fixed costs = $12,650

Depreciation = $187,000 x 14.81% = $27,692

EBIT = $50,558

Taxes (21%) = $10,617

Net income = $39,941

Depreciation = $27,692

Operating cash flow = $67,633

Year 4:

Sales = $124,000

Variable costs = $33,100

Fixed costs = $12,650

Depreciation = $187,000 x 7.41% = $13,847

EBIT = $70,403

Taxes (21%) = $14,785

Net income = $55,618

Depreciation = $13,847

Operating cash flow = $69,465

At the end of year 4, the net working capital is returned, so there is a cash inflow of $3,250.

Now, we can calculate the present value of each year's cash flow and sum them up to get the NPV:

NPV = - $190,250 + ($74,888 / 1.08) + ($97,421 / 1.08^2) + ($67,633 / 1.08^3) + ($72,715 / 1.08^4) + ($3,250 / 1.08^4)

NPV = $38,845.27

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The correct option is C.

When the economy is expanding, the business invests in new equipment.

Expansion, in economics, is an upward trend in the business cycle, characterized by an increase in production and employment, which in turn causes an increase in the incomes and spending of households and businesses.

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Economic systems can be categorized into four main types:

Traditional economies, command economies, mixed economies, and market economies.

When olive garden sells wine to its customers in the restaurant, this is an example of Retailing.

What is Retailing?

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Answer:

a cumulative quantity discount

Explanation:

The cumulative quantity discount  is the discount that is depend on the value of the good purchased over a time period. The discount would be applied for any kind of shipments that made within the timeframe.

Just like if wholesaler make an offer that if the purchase is done more than $5,000 so 5% discount is applied

So according to the given situation, it represent the cumulative quantity discount

Answer:

Businesses and non-profit organizations that provide goods and services to the public are called "public accommodations." This includes pharmacies, grocers, other retailers, restaurants, hotels, banks, medical practices, legal offices, dry cleaners, night clubs, movie theaters, art galleries, health spas, amusement ...

Explanation:

Answer:

Prior to the 1950s, the production orientation generally held true due to the growing numbers of affluent and middle class people that capitalism had created.

Say’s Law states that the “production of commodities creates, and is the one and universal cause which creates, a market for the commodities produced”.

The emphasis of firms adopting a production orientation of marketing would have been based on the theory of economies of scale, which are the cost advantages that an enterprise obtains due to expansion.

The choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing includes the time, energy, and space

In art, a choreography means the way in which an idea is expressed physically through dance. When developing this concept, the users usually relies on important principles of organization to ensure that the idea takes a clear, appropriate, and aesthetically pleasing form.

These are principles that comprises the basic ingredients for the dancers' movements and patterns and help the choreographer utilize space, express intention and the music, and organize the dancers.

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A. Traditional Format Income Statement: Net Income will be $689,000.

B. Contribution Format Income Statement: Net Income will be $689,000.

C. I prefer the contribution format income statement.

a. Traditional Format Income Statement for March:

XYZ Corporation

Income Statement

For the Month Ending March 31, 2022

Sales:

Units sold: 7,000

Selling price per unit: $650

Total sales: $4,550,000

Cost of Goods Sold:

Units sold: 7,000

The unit cost of goods sold: $425

Total cost of goods sold: $2,975,000

Gross Profit: $1,575,000

Operating Expenses:

Variable Selling Expense:

Variable selling expense per unit: $55

Total variable selling expense: $385,000

Fixed Selling Expense: $126,000

Variable Administrative Expense:

Variable administrative expense per unit: $25

Total variable administrative expense: $175,000

Fixed Administrative Expense: $200,000

Total Operating Expenses: $886,000

Net Income: $689,000

b. Contribution Format Income Statement for March:

XYZ Corporation

Income Statement

For the Month Ending March 31, 2022

Sales Revenue: $4,550,000

Variable Expenses:

Variable Cost of Goods Sold: $2,975,000

Variable Selling Expense: $385,000

Variable Administrative Expense: $175,000

Contribution Margin: $1,015,000

Fixed Expenses:

Fixed Selling Expense: $126,000

Fixed Administrative Expense: $200,000

Net Income: $689,000

c. I prefer the contribution format income statement. The contribution format separates costs into fixed and variable categories, providing a clearer view of the contribution margin, which represents the amount available to cover fixed expenses and contribute to net income. This format is helpful for decision-making and analyzing the impact of changes in sales volume.

It allows management to easily assess the profitability of the company and make informed decisions about pricing, cost control, and resource allocation. The traditional format, on the other hand, focuses more on gross profit and does not provide as much insight into the contribution margin and its relationship with fixed expenses.

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Answer:

Insufficient funds: The cheque amount is more than the free balance available in the drawer's bank account. 2) Irregular signature: The signature of the drawer on the cheque does not match the specimen signature available with the bank.

Explanation:

hope it helps you sweetu!!!

The statement Henry Ford paid his workers $5 a day in 1914 when the CPI was 10. Today with a price index at 177, the $5 a day is worth $88.50 is FALSE.

To determine the value of $5 in 1914 in terms of today's purchasing power, we need to adjust it for inflation using the CPI (Consumer Price Index). The CPI is a measure of the average change over time in the prices paid by urban consumers for a basket of goods and services. According to the Bureau of Labor Statistics, the CPI in 1914 was 10, while in 2021 it was 273.

To calculate the inflation-adjusted value of $5 in 1914, we can use the following formula:

(1914 CPI / 2021 CPI) x $5 = inflation-adjusted value of $5 in 1914

Plugging in the numbers, we get:

(10 / 273) x $5 = $0.18

Therefore, $5 in 1914 is equivalent to about $0.18 in 2021 dollars. This means that the $5 a day that Henry Ford paid his workers in 1914 would be worth about $177.50 today, not $88.50 as stated in the original statement.

It's worth noting that $5 a day was a relatively high wage for factory workers in 1914, and Ford's decision to pay his workers well helped him attract and retain a loyal workforce. However, the value of that wage has decreased significantly due to inflation over the past century.

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Answer:

d. avoid employment in companies whose values seem incompatible with their own values.

Explanation:

Answer:

the answer is A. because we the citizen of a country vote them into power

Answer:

The answers already match :)

Explanation:

The price of a mutual fund share excluding any transaction cost is its net asset value (NAV). Net asset value (NAV) is the value of a mutual fund's assets minus its liabilities, divided by the number of outstanding shares. This value is calculated daily and represents the price at which investors can buy or sell mutual fund shares.

The NAV is important because it reflects the current value of the mutual fund's underlying investments. As the value of the fund's investments increase, the NAV also increases. Similarly, if the value of the investments decreases, the NAV decreases as well. Investors can use the NAV to determine the performance of their mutual fund investments and to make decisions about buying or selling shares. In summary, the price of a mutual fund share excluding any transaction cost is its net asset value, which is calculated by dividing the value of the fund's assets minus liabilities by the number of outstanding shares.

The NAV reflects the current value of the mutual fund's underlying investments and is an important metric for investors to track the performance of their investments. The price of a mutual fund share excluding any transaction costs is its Net Asset Value (NAV). The Net Asset Value (NAV) represents the price per share of a mutual fund without taking into account any transaction costs, such as commissions or sales charges. It is calculated by dividing the fund's total assets minus its liabilities by the number of outstanding shares. Determine the fund's total assets (e.g., stocks, bonds, cash). Subtract the fund's liabilities (e.g., fees, expenses) from its total assets. Divide the result from Step 2 by the number of outstanding shares. VThe resulting figure is the Net Asset Value (NAV) per share.

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