Factors can be classified as economic (tangible) or noneconomic (intangible) based on their quantifiable financial impact or their intangible nature relating to non-financial aspects such as behavior, perception, or values.
Factors can be categorized as either economic (tangible) or noneconomic (intangible) based on their nature and impact on financial and non-financial aspects. Let's examine each factor and classify them accordingly:
First cost: Economic (tangible) - First cost refers to the initial expenditure incurred in acquiring an asset or starting a project. It has a direct impact on financial resources and can be measured in monetary terms.
Leadership: Noneconomic (intangible) - Leadership is an intangible factor that relates to the ability of individuals to guide and influence others. While leadership can have economic consequences, it primarily encompasses qualities such as vision, communication, and decision-making.
Taxes: Economic (tangible) - Taxes are levies imposed by governments on individuals and organizations. They have a direct financial impact and can be measured in monetary terms.
Salvage value: Economic (tangible) - Salvage value refers to the estimated residual value of an asset at the end of its useful life. It is a tangible factor as it represents the potential monetary value that can be recovered from the asset.
Morale: Noneconomic (intangible) - Morale refers to the emotional and psychological state of individuals or groups within an organization. It relates to motivation, satisfaction, and engagement, which are intangible aspects of the work environment.
Dependability: Noneconomic (intangible) - Dependability refers to the reliability and trustworthiness of individuals, systems, or processes. It is an intangible factor that affects the performance and efficiency of operations.
Inflation: Economic (tangible) - Inflation represents the general increase in prices of goods and services over time. It is an economic factor that has a significant impact on purchasing power and financial planning.
Profit: Economic (tangible) - Profit refers to the financial gain or excess of revenues over expenses. It is a tangible factor that directly affects the financial performance and viability of a business.
Acceptance: Noneconomic (intangible) - Acceptance refers to the willingness or approval of individuals or groups regarding certain ideas, policies, or changes. It primarily relates to social dynamics and perceptions, which are intangible factors.
Ethics: Noneconomic (intangible) - Ethics encompasses moral principles and values that guide individual and organizational behavior. It is an intangible factor that influences decision-making, reputation, and social responsibility.
Interest rate: Economic (tangible) - Interest rate refers to the cost of borrowing or the return on investment. It is an economic factor that directly affects financial decisions, investment opportunities, and borrowing costs.
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) Which of the following statements best describes the availability bias? An investor:
a. only notices information that agress with their perception or beliefs
b. associates new information with an easilyh recalled past event
c. bases a decision on how the information is presented
The availability bias refers to an investor's tendency to base their decision on how easily information is recalled.
The availability bias is a cognitive bias that affects decision-making processes, particularly in the context of investing. It occurs when an investor relies on information that is readily available in their memory, rather than seeking out and considering all relevant information.
One aspect of the availability bias is that an investor may only notice information that aligns with their existing perceptions or beliefs (option a). This selective attention can lead to a confirmation bias, where the investor primarily focuses on evidence that supports their preconceived notions, disregarding contradictory information.
Additionally, the availability bias involves associating new information with easily recalled past events (option b). When faced with a new investment opportunity or market trend, investors may rely on past experiences or examples that come to mind easily. This reliance on vivid or memorable instances can lead to a skewed perception of the likelihood or significance of certain outcomes.
However, the availability bias is not about how information is presented (option c). It is primarily concerned with the investor's internal cognitive processes and the biases that arise from relying on easily accessible information.
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current assets minus current liabilities is called
Answer:
working capital also called net working capital (NWC)
career question #35 easy
a company needs to produce 400 units per day (the day is defined as 12 hours of production). there are three tasks to be completed, with a total task time for all three tasks of six minutes. the company should have:
The company should have 4 workstations.
What is task or process time?Process lag time (PLT), often known as Little's Law, is the amount of time it takes an item to complete a process from the moment it enters until it exits. The processing time at each workstation is added to any waiting or queue time that may have occurred.
Total units to be produced in a day = 400
Time taken to produce 1 unit = 6 minutes
Total minutes in a day = 720
Break time spread in a day = 60
Net minutes in a day for production = 660
One unit/day = net minutes for production/ Total time taken to produce 1 unit
= 660/6 = 110
Therefore one workstation can produce 110 units in day
So to complete 400 units in a day, we need 3.6, i.e. 4 workstations
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Imagine that you have been hired to create an ad campaign for a product. The client wants you to create three different taglines to persuade people to buy the product: one that appeals to authority, one that is based on a fallacy of presumption, and one based on argumentum ad populum. Briefly describe your product and provide the three taglines. (THIS IS CRITICAL THINKING!!)
The product is a new type of water filtration system for home use.
Tagline appealing to authority: "Endorsed by top water experts, our filtration system is the choice of professionals."
Tagline based on fallacy of presumption: "Upgrade to our filtration system and never worry about the quality of your water again."
Tagline based on argumentum ad populum: "Join the millions of satisfied customers who trust our filtration system for their home's water needs."
It's important to note that using fallacies and manipulation tactics in advertising is not ethical and can be misleading to the consumer. It's better to use truthful, clear and honest information to promote a product and its features and benefits.
Rand Medical manufactures lithotripters. Lithotripsy uses shock waves instead of surgery to eliminate kidney stones. Physicians’ Leasing purchased a lithotripter from Rand for $2,660,000 and leased it to Mid-South Urologists Group, Inc., on January 1, 2021. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Lease Description: Quarterly lease payments $ 159,487—beginning of each period Lease term 5 years (20 quarters) No residual value; no purchase option Economic life of lithotripter 5 years Implicit interest rate and lessee's incremental borrowing rate 8% Fair value of asset $ 2,660,000 Required:
1. How should this lease be classified by Mid-South Urologists Group and by Physicians' Leasing?
2. Prepare appropriate entries for both Mid-South Urologists Group and Physicians' Leasing from the beginning of the lease through the second rental payment on April 1, 2021. Adjusting entries are recorded at the end of each fiscal year (December 31).
3. Assume Mid-South Urologists Group leased the lithotripter directly from the manufacturer, Rand Medical, which produced the machine at a cost of $2.3 million. Prepare appropriate entries for Rand Medical from the beginning of the lease through the second lease payment on April 1, 2021.
Classification of Lease: Mid-South Urologists Group: The lease should be classified as an operating lease for Mid-South Urologists Group.
This is because the lease term (5 years) is less than 75% of the economic life of the lithotripter (also 5 years), there is no transfer of ownership or purchase option, and the present value of lease payments does not exceed the fair value of the asset.
Physicians' Leasing: Physicians' Leasing should classify the lease as a finance lease.
This is because they are the lessor and will receive substantially all the benefits and risks associated with the ownership of the lithotripter.
Additionally, there is no transfer of ownership or purchase option, and the lease term is for the major part of the economic life of the asset.
Entries for Mid-South Urologists Group:
January 1, 2021:
Lease Receivable (PV of lease payments) $2,660,000
Lease Liability (PV of lease payments) $2,660,000
April 1, 2021:
Lease Expense $159,487
Cash (Payment made) $159,487
December 31, 2021 (Adjusting Entry):
Lease Expense $159,487
Lease Liability (Accrued interest) $10,640
Interest Expense $10,640
Entries for Rand Medical:
January 1, 2021:
Lease Receivable (PV of lease payments) $2,660,000
Lease Liability (PV of lease payments) $2,660,000
April 1, 2021:
Lease Receivable (Payment received) $159,487
Cash $159,487
No adjusting entries are required for Rand Medical since they are not the lessee and do not have an ongoing interest in the lease.
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When is an impairment loss reported on a significant influence investment in the stock of another company, following U.S. GAAP and IFRSU.S. GAAPBook value > higher of market value or value-in-useIFRSOther than temporary impairmentU.S. GAAPOther than temporary impairmentIFRSBook value > higher of market value or value-in-useU.S. GAAPIf a "loss event" occursIFRSNot reportedU.S. GAAPOther than temporary impairmentIFRSIf a "loss event" occurs
An impairment loss is reported on a significant influence investment in the stock of another company when the following conditions are met under U.S. GAAP and IFRS:
U.S. GAAP:
1. An "other than temporary impairment" occurs, and
2. A "loss event" occurs.
IFRS:
1. An "other than temporary impairment" occurs, and
2. The book value is greater than the higher of market value or value-in-use, and
3. A "loss event" occurs.
In both cases, the impairment loss is recognized when a "loss event" has occurred and the impairment is considered to be other than temporary. Under IFRS, an additional criterion of book value being greater than the higher of market value or value-in-use is considered.
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The statement, "With its 25 percent market share, this is the best-selling laser printer on the market today," is an example of a(n):
Answer:
Product advantage.
Explanation:
The statement, "With its 25 percent market share, this is the best-selling laser printer on the market today," is an example of a product advantage.
Product advantage can be defined as the attributes or characteristics of a particular product, which differentiates or gives it a competitive edge over other products that is being manufactured by an organization.
Hence, it refers to the ability of a particular product to do well in the market as a result of it being sought by the consumers.
security services, the company's income must be deducted by Article 23 tax of 2%, which is Rp. 1,100,000. So when the customer pays, the company gets only Rp. 54,000,000. a) Journalize when issuing invoices to customers b) Journalize when receiving payment c) What should the company do for the coordination and security service revenue of IDR 1,100,000 deducted by the customer Hint: The company has become a PKP (Taxable Entrepreneur)
a) Journal entry when issuing invoices to customers would be:
Accounts Receivable (Customer) 55,100,000
Revenue (Coordination and Security Service) 55,100,000
A journal entry is a record of a financial transaction in an accounting system. It follows a specific format and includes the date of the transaction, the accounts involved, and the corresponding debit and credit amounts.
b) Journalize when receiving payment:
Cash/Bank 54,000,000
Accounts Receivable (Customer) 54,000,000
c) The company should record the coordination and security service revenue of IDR 1,100,000 deducted by the customer separately to account for the Article 23 tax.
Accounts Receivable (Customer) 1,100,000
Revenue (Coordination and Security Service) 1,100,000
This separate record allows the company to track the deducted amount for tax purposes and ensure proper reporting to the tax authorities. It helps in accurately reflecting the company's revenue and complying with tax regulations as a PKP (Taxable Entrepreneur).
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Which examples demonstrate common education and qualifications for Management and Entrepreneurship careers? Check all that apply.
Horatio is good at following instructions.
Marissa has strong visual design skills for arranging displays.
Letisha has a bachelor’s degree in marketing.
Quentin has many years of experience in public relations.
Devon is able to stand for long periods of time.
Lloyd is skilled at planning and managing budgets.
Answer:
3- Letisha has a bachelor’s degree in marketing.
4-Quentin has many years of experience in public relations.
6-Lloyd is skilled at planning and managing budgets.
Explanation:
The example that shows qualification are
Letisha bachelor’s degree in marketing.Quentin years of experience in PR.Lloyd skills at planning and managing budgets.What are management and enterpreneurship?Management and the entrepreneurship both terms refer to the part of administration of an organization that can be the business, the nonprofit, or even the government body.
Entrepreneurship is a process of discovering the new ways to combine resources. These resources have a greater value than the market.
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Alexa hoped that a good outline will accomplish which of the following for her presentation
Alexa hoped that a good outline will accomplish to help her distinguish between main topics and subtopics.
What is the presentation?A presentation refers to conveying information from a speaker to an audience. It includes an introduction, demonstrations, speeches, or lectures.
The missing options in the question are
help her distinguish between main topics and subtopics.Let her find how competing theories disagree with her ideas.Encourage her to describe in length the information on her slides.Enable her to use media more efficiently.Alexa hoped that a good outline needs to accomplish for her presentation is to help her distinguish between main topics and subtopics.
Therefore, A is the correct option.
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Country A has a command economy. The country’s economic plan calls for manufacturing 10,000 new electric heaters for the winter months. However, the winter turns out to be much colder than usual. As a result, the demand for new heaters is higher than the number of heaters available. Many people are forced to get through the winter without an electric heater.
What does this scenario best reveal about command economies?
Command economies are profit driven.
Command economies have difficulty meeting changing needs.
Command economies fail to regulate what goods are produced.
Command economies ignore consumer needs.
This scenario best reveals that the command economies have difficulty meeting changing needs.
What are command economies?Command economies, also known as planned economies, are economic systems in which the government controls all aspects of the economy, including production, distribution, and pricing of goods and services. In a command economy, the government makes all economic decisions and owns all the resources necessary for production. Prices are typically set by the government rather than by the forces of supply and demand. The goal of a command economy is to create a centrally-planned system that distributes resources and goods equitably among the population. However, command economies have historically been associated with inefficiency, poor quality products, and limited consumer choice. They have also been criticized for their lack of responsiveness to changing market conditions and the needs and desires of consumers. Many command economies have since transitioned to market-based systems.
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Question 1 of 10 If you make a plan to get a certain amount of a project done each day, what skill have you demonstrated? A. Time management B. Punctuality O C. Moral standards D. Integrity
Answer: A
Explanation: not sure, but i think its correct
azra’s position as the manager of natural nutrition gives her the ________ to make many decisions during the course of a week, including assigning tasks to most of the 35 employees, approving budget requests, and marketing the business.
The appointment of Azra as manager gives her authority to make many decisions during the course of a week
Let understand that options includes accountability, authority, responsibility, delegation.
Basically, the main function of an organization manager is increase the efficiency or effectiveness of their employees, processes, projects, organizations etc
However, the four basic functions of manager includes effective planning, organizing, leading, and controlling of units in the company.
Therefore, Azra’s position gives her authority to make decision, assigns tasks, approve budget requests and market the business.
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I don't have moey. What is the best job to get when you're in middle school?
Answer:
You can work at publix as a cashier. They acept 14 year olds. And ur in 8th grade as 14 which is in middle school.
Explanation:
This is the best job u can get as a kid
also brainlist me pls
Exhibit 8-4 marginal cost and revenue for a firm unit quantity marginal cost marginal revenue 12 $ 5 $9 13 6 9 14 7 9 15 8 9 16 9 9 17 10 9 in exhibit 8-4, this firm is currently producing 16 units of output. What would you advise this firm to do
(a) Income Statement for 2019 (under FIFO) and Income Statement for 2019 (under LIFO).
(b)(1) The FIFO method produces the more, So select this method.
(a) Income Statement for 2019 (under FIFO):
Sales revenue $865,000
Cost of goods sold:
Beginning inventory (15,000 units $32,000) $480,000
Purchases (in chronological order) :
Q1 (60,000 units $2.40) $144,000
Q2 (50,000 units $2.50) $125,000
Q3 (20,000 units $2.70) $54,000
Q4 (28,000 units $2.80) $78,400
Total cost of goods purchased $401,400
Goods available for sale $881,400
Ending inventory (28,000 units $2.80) $78,400
Cost of goods sold $803,000
Gross profit $62,000
Operating expenses $147,000
Net loss before tax ($85,000)
Income tax expense ($28,900)
Net loss ($56,100)
Income Statement for 2019 (under LIFO):
Sales revenue $865,000
Cost of goods sold:
Beginning inventory (15,000 units $32,000) $480,000
Purchases (in reverse chronological order) :
Q4 (70,000 units $2.80) $196,000
Q3 (50,000 units $2.70) $135,000
Q2 (50,000 units $2.50) $125,000
Q1 (60,000 units $2.40) $144,000
Total cost of goods purchased $600,000
Goods available for sale $1,080,000
Ending inventory (28,000 units $2.50) $70,000
Cost of goods sold $1,010,000
Gross profit ($145,000)
Operating expenses $147,000
Net loss before tax ($292,000)
Income tax expense ($99,280)
Net loss ($192,720)
(b) (1) The FIFO method produces the more
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Correct Question:
a. Exhibit 8-4 marginal cost and revenue for a firm unit quantity marginal cost marginal revenue 12 $ 5 $9 13 6 9 14 7 9 15 8 9 16 9 9 17 10 9 in exhibit 8-4, this firm is currently producing 16 units of output.
b. What would you advise this firm to do.
Which tools allow economists to determine if the allocation of resources determined by free markets is desirable?.
the new slide command on the ribbon lets you choose ________.
The New Slide command on the Ribbon lets you choose slide layouts.
Microsoft PowerPoint is a presentation program. Microsoft PowerPoint is used to create visual presentations of information using slides.
The menu Ribbon is used to accomplish several tasks in PowerPoint. It can be used to create a new slide, insert a picture or change the orientation of slides.
The New Slide command on the Ribbon lets you choose slide layouts.
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A corporation’s decision-makers agreed with many of the recommendations brought out by a marketing research study and 50 words or less describe the next move
A corporation’s decision-makers agreed with many of the recommendations brought out by a marketing research study. They are Prioritization, Planning, Resource Allocation, Communication, Monitoring and Evaluation, Continuous Improvement.
The process may involve several steps:
1. Prioritization: The decision-makers would prioritize the recommendations based on their potential impact and feasibility. They would identify the most critical areas that require immediate attention and focus their efforts on those.
2. Planning: A detailed implementation plan would be developed, outlining specific actions, timelines, and responsibilities. This would ensure that everyone involved understands the steps to be taken and the expected outcomes.
3. Resource Allocation: Adequate resources, including financial, human, and technological resources, would be allocated to support the implementation process. This could involve budgeting for necessary investments, hiring additional staff, or training existing employees.
4. Communication: Effective communication would be key to ensure that all relevant stakeholders, both internal and external, are informed about the planned changes and their implications. This would help garner support, address concerns, and create buy-in for the implementation efforts.
5. Monitoring and Evaluation: The decision-makers would establish mechanisms to monitor the progress and evaluate the effectiveness of the implemented recommendations. This could involve tracking key performance indicators, gathering feedback from customers or employees, and making adjustments as needed.
6. Continuous Improvement: The corporation would embrace a culture of continuous improvement, using the results and insights gained from the implementation to refine their strategies further. This would involve ongoing analysis, learning, and adaptation to ensure long-term success.
By implementing the recommended changes, the corporation can expect to enhance its marketing efforts, improve customer satisfaction, increase market share, and achieve its business objectives more effectively. It is crucial to maintain a proactive and adaptive approach to address evolving market dynamics and capitalize on new opportunities.
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According to scott, the coo of barcelona restaurant group, employees are given the opportunity and freedom to achieve organizational goals through a variety of different approaches, tasks, and decisions, based on the situation. this is most consistent with the:
Complete Question:
According to Scott, the COO of Barcelona Restaurant Group, employees are given the opportunity and freedom to achieve organizational goals through a variety of different approaches, tasks, and decisions, based on the situation. This is most consistent with the:
Group of answer choices
A. Systems approach to management.
B. Behavioral perspective of management.
C. Classical perspective of management.
D. Contingency approach to management.
Answer:
D. Contingency approach to management.
Explanation:
According to scott, the coo of barcelona restaurant group, employees are given the opportunity and freedom to achieve organizational goals through a variety of different approaches, tasks, and decisions. Based on the situation, this is most consistent with the contingency approach to management.
A contingency approach to management is based on the theory or premise that, there are no universal or single management theories. Thus, management theories should not be dependent on one single approach and as such the most effective management theory depends on the situation, kind of problems that the various organizations or managers are facing at a specific period of time and place.
Hence, in the contingency approach to management; the effectiveness of management is based on the situation and the management behaviors that is most appropriate.
Answer:
contingency approach to management.
Explanation:
This is most consistent with the contingency approach to management. The contingency approach to management clearly states that there are no universal management theories and that the most effective management theory or idea depends on the kinds of problems or situations that managers or organizations are facing at a particular time and place.
A key factor that an auditor provides is independence. The AICPA Code of Professional Conduct states that "a member in public practice should be independent in fact and appearance when providing auditing and other attestation services." Required: Do you consider the following circumstances to suggest a lack of independence? Justify your position. (Use your imagination. Specific answers are not provided in the chapter.)
(b) Melissa Chee has invested in a mutual fund company that owns 500,000 shares of Sears stock. She is the auditor of Sears.
Yes, the circumstance described suggests a lack of independence for Melissa Chee as the auditor of Sears.
Yes, the situation mentioned points to Melissa Chee's lack of independence in her role as Sears' auditor.
Investing in a mutual fund company that owns a significant number of shares in Sears stock creates a financial interest that could impair her independence in fact and appearance. As an auditor, it is essential to maintain objectivity and avoid any financial or personal relationships that could compromise impartiality or create a perception of bias. Owning shares in a company being audited creates a potential conflict of interest and may undermine the credibility and integrity of the audit process.
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Henry, a trainer at MyChem Inc., schedules training on handling hazardous chemicals for a group of newly hired employees. The training complies with OSHA regulations and is given to all employees upon hire along with periodic refreshers. The type of training described in this scenario is _____.
Answer:
Hazard Communication Standard (HCS) training program
Explanation:
The type of training described in this scenario is known as the Hazard Communication Standard (HCS) training program. This is a employee training program designed with the goal of explaining and reinforcing the written information regarding hazard labels and material safety data sheets, as well as how to behave around hazardous material and to apply this information to their workplace.
explain advertisement
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
in the economy of hartzelland there are 12 goods and 3 services traded. how many prices would there need to be in hartzelland if it was a purely barter economic system?
In the economy of hartzelland there are 12 goods and 3 services traded. 66 prices would there need to be in hartzelland if it was a purely barter economic system.
A barter is an exchange of goods or services between two or more persons that does not include the exchange of money or other forms of payment, such as credit cards. Bartering entails the exchange of one party's good or service for another party's good or service in its most basic form. Despite the notion that a barter system is more antiquated than modern economies, barter exchanges are nevertheless common in the marketplace.
A simple example of a barter transaction is a carpenter building a fence for a farmer. Instead of giving the builder $1,000 in cash for labor and materials, the farmer may give the carpenter $1,000 worth of groceries or produce.
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The data show the
number of railroad crossing accidents for the 50 states
of the United States for a specific year. Construct a
histogram, frequency polygon, and ogive for the data.
Comment on the skewness of the distribution. (The data
in this exercise will be used for Exercise 14 in this
section.)
Class limits Frequency
1–43 24
44–86 17
87–129 3
130–172 4
173–215 1
216–258 0
259–301 0
302–344 1
Answer:
I hope this helps
Explanation:
216-258 0
This table can be used to organize Gigi’s credit card balances and payments over 6 months. The annual percentage rate on the credit card is 14%. Gigi’s Credit Card Payments Month Balance Payment Interest Rate Interest Charged 1 $650 $300 0.01167 $4.08 2 $354.08 $50 0.01167 3 $307.63 $50 0.01167 4 $260.64 $50 0.01167 5 $213.10 $50 0.01167 6 $165 $50 0.01167 What is the amount of interest charged for the first 6 months? $
Answer:
-16.34
Explanation:
Disclaimer: I am not sure, sorry. It might be -16.34, 16.34, or 15.75. Once again, sorry.Answer:
$16.34
Explanation:
HAVE A GOOD DAY!!!!
as discussed in law of one price, we know that two same commodities must sell at same price. why is it? what would happen if two same commodities have different prices?
This is because if two identical commodities were selling at different prices, then there would be an opportunity for arbitrage.
According to the Law of One Price, in an efficient market, identical goods must have the same price. This is because if two identical commodities were selling at different prices, then there would be an opportunity for arbitrage, where individuals could buy the commodity at the lower price and sell it at the higher price, earning a profit in the process.
For example, if a can of soda is selling for $1 at one store and $1.50 at another store, individuals could buy the soda at the first store for $1 and sell it at the second store for $1.50, earning a profit of $0.50 per can. This process would continue until the prices of the soda cans at both stores were the same.
If two identical commodities have different prices, it would lead to arbitrage opportunities, and individuals would buy the commodity at the lower price and sell it at the higher price, eventually driving the prices of the commodity to be the same. This would lead to an efficient market where identical goods have the same price.
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Business; an organization that uses resources to produce a product is known as a ?
O Private Company
O Shop
O Firm
O Enterprise
Answer:
Firm
Explanation:
company currently has contribution margin of $1,800 and operating income of $1,000. Recent events have caused management to think that the company's brand is gaining traction and that sales may increase next year. If management is correct and revenues increase 24% next year, what will the company's income be? Round all calculations to 2 decimals.
The company's income will be $2,240.
To calculate the company's income for the next year, we need to consider the increase in revenues and the relationship between contribution margin and operating income.
Given that the current contribution margin is $1,800 and the operating income is $1,000, we can determine the contribution margin ratio. The contribution margin ratio is calculated by dividing the contribution margin by the revenues. In this case, the contribution margin ratio is $1,800 divided by the current revenue.
Next, we can estimate the increase in revenues by multiplying the current revenue by the projected increase of 24%.
With the estimated increase in revenues, we can calculate the new contribution margin using the contribution margin ratio. Multiplying the new revenue by the contribution margin ratio will give us the new contribution margin.
Finally, we add the new contribution margin to the current operating income to calculate the company's income for the next year.
Therefore, the company's income will be $2,240.
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You have a credit card balance of $53.00 from the previous month. You have $172.45 in new purchases and you made a payment of $50.00. Your APR is 8.75%. According to the Previous Balance method, what amount would you use to calculate the interest for this month?
Answer:
$50
Explanation:
As per previous balance method the Interest is charged based on the opening balance of the Credit Card.
As $50 was the balance from previous month and opening balance for this month, Hence $50 would be the amount we would use to calculate the interest for this month.
Answer:
The answer is $50.
Explanation: