Answer:
Jaxon
A. If the business uses the cash method of accounting for tax purposes, the interest to be deducted this year is $2,880.
B. If the business uses the accrual method of accounting for tax purposes, the interest to be deducted this year is $480 (for November and December).
Explanation:
a) Data and Calculations:
Amount borrowed from Bucksnort Savings and Loan = $32,000
December 31, Interest paid for 12 months starting from November this year through October of next year = $2,880
Monthly interest expense = $240 ($2,880/12)
Interest expense for November and December = $480 ($240 * 2)
which is true in a perfect economy ?
business owners should focus on telling customers how the features of their products are different from other available products.
determining the best price for the product is more important than the marketing. business owners should focus on pricing their products correctly so customers choose it over competitors products. advertising will have little effect on the success of the products and it not needed
Answer:
business owners should focus on pricing their products correctly so customers choose it over competitors products.
Explanation:
Mark me brainlest!
In your own words, explain why Kurt Lewin, in his attempt to identify the set of skills that all great leaders possess, indicated that leadership is vulnerable.
Kurt Lewin's belief that leadership is vulnerable stems from his understanding that leadership is a complex and dynamic process that requires ongoing adaptation to changing circumstances.
What is Kurt Lewin's belief?He believed that great leaders possess a certain set of skills that allow them to navigate these challenges successfully, but also recognized that no leader is infallible or immune to failure.
Lewin understood that leadership is vulnerable to a range of internal and external factors that can impact a leader's effectiveness, including changes in organizational culture, shifting political and social trends, and unforeseen events that can disrupt even the best-laid plans.
As such, he emphasized the need for leaders to be resilient and adaptable, and to be constantly learning and evolving in order to stay ahead of the curve and remain effective in the face of new challenges.
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Amazon is the dominant firm in the online shopping service industry, which has a total market demand given by Q = 100 – 2 P. Amazon has competition from a fringe of four small firms that produce where their individual marginal costs equal the market price. The fringe firms each have total costs given by TCi = 10 Qi + Q i 2. If Amazon’s total costs are given by TCA = 10 + 10 QA, , how much does the industry as a whole produce at this price?
The price that Amazon has to establish for their online shopping should be $20.
The Excel financial functions section includes the Price Function. It will determine the cost of a bond with a $100 face value that accrues interest on a recurring basis. The PRICE function in financial analysis can be helpful when we want to borrow money by selling bonds rather than stocks.
We have the price function as
P = 10 + 2Qi
Make Qi subject
= Qi = 0.5P - 5
4 firms with identical features
This would give us
Qs = 4Qi
Qs = 4(0.5P -5)
Qs = 2p - 20
Q = 100 - 2p
Qa = Q - Qs
(100 - 2P) - (2P -20)
Take like terms
100 - 2p - 2p + 20
100 - 4p + 20
Qa = 120 - 4p
Make p subject
p = 120 - Qa / 4
p = 30 - 0.25Qa
TRa = p*Qa
= (30 - 0.25Qa)Qa
= 30Qa - 0.25Qa²
MRa
= 30 - 0.5Qa
TCA = 10 + 10QA
= ΔTCA / ΔQA
= 10
30 - 0.5QA = 10
Take like terms
30 - 10 = 0.5Qa
divide through by 0.5
20/0.5 = Qa
40 = Qa
Output produced = 40.
We have P as
30 - 0.25QA
P = 30 - 0.25( *40)
= 20
Hence the price that Amazon has to establish for online shopping should be $20
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Which of the following choices best describes the price that a mutual fund investor receives when she redeems her shares? A mutual fund investor who redeems her fund shares will receive the next computed bid price on the day that the shares are redeemed.
A mutual fund investor who redeems her shares will receive the next computed bid price on the day that the shares are redeemed. This best describes the price an investor receives when redeeming mutual fund shares.
A mutual fund investor who redeems her fund shares will receive the next computed bid price on the day that the shares are redeemed. When a mutual fund investor redeems her shares, the price she receives is known as the redemption price or redemption value.
The redemption price is determined by the mutual fund's net asset value (NAV) per share, less any applicable fees or charges.If an investor redeems their mutual fund shares before the close of trading, they will receive the next computed bid price, which is the highest price a buyer is willing to pay for a security at a given moment.
The redemption price may vary based on when the shares are redeemed, as the NAV fluctuates during the trading day based on changes in the value of the mutual fund's underlying investments.
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The time value of money refers to:
personal opportunity costs such as time lost on an activity.
financial decisions that require borrowing funds from a financial institution.
changes in interest rates due to changes in the supply and demand for money i
our economy.
increases in an amount of money as a result of interest.
The time value of money refers to:
D. increases in an amount of money as a result of interest.
What is the time value of money?The time value of money refers to the concept that money available at present is worth more than the same amount of money in the future.
This is because money has the potential to earn interest or generate returns over time. The time value of money recognizes that a dollar received today is more valuable than a dollar received in the future due to the potential for that dollar to grow or earn returns over time.
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• TWO interpersonal skills selected from Addendum A, are listed and linked to examples/evidence from the background information.
Answer:
Here are some examples of interpersonal skills or social skills:
Active listening.
Being able to understand and empathize with others.
Managing conflict.
Building lasting relationships.
Teamwork.
Motivating others.
Leadership.
Negotiation and persuasion.
Explanation:
"Put the five project management process groupsin order from the one that generally requires theleast work to the one that requires the most."
PLC Ltd. found the following debts to be bad on the dates shown
The acronym PLC, which stands for a public limited company, indicates that the firm's shares are publicly traded. It is the British equivalent of "Inc." in the United States.
What is PLC?In the United Kingdom, a public limited company (PLC) is a type of public business. PLC is the counterpart of a publicly listed firm in the United States that uses the Inc. or corporation classification. The inclusion of the PLC acronym following a business's name is required, and it informs investors and anybody interacting with the firm that it is a publicly listed corporation. PLC, which stands for a public limited company, is an acronym for public corporations in the United Kingdom.
PLCs make up the majority of the firms listed on the London Stock Exchange. A PLC shares can be purchased by any regular investor. Unlike privately held companies, public companies are required to publish financial data and disclosures to the public on a regular basis.
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Q1: What are the strategically relevant components of the pizza
restaurant segment of the U.S. quick service restaurant industry
macro-environment?
The strategically relevant components of the pizza restaurant segment of the U.S. quick service restaurant industry macro-environment are as follows:
Technological advancements: In recent years, the pizza industry has seen technological advancements, including the ability to place online orders, which can result in increased customer convenience. Many pizza restaurants have mobile apps that customers can use to order food, making it easier to use their services. Online advertising has also been used by pizza restaurants to reach new customers.
Environmental factors: Pizza restaurants need to consider the effect of weather changes on sales. Extreme weather events can affect sales as people tend to avoid ordering food when they cannot go out of their homes. Pizza restaurant owners need to evaluate how they will deal with such instances.
Demographic factors: Demographics play a crucial role in the success of pizza restaurants. The pizza restaurant industry targets a broad range of customers and has a significant customer base among younger customers. In recent years, there has been an increase in health-conscious customers, leading to changes in the pizza industry, including the addition of new healthy menu items.
Socio-Cultural factors: The pizza industry has experienced increased competition from new entrants such as gourmet pizza restaurants. The preference of customers for the type of pizza and the eating experience has also changed. People prefer pizzas that are customized to their taste buds, including the type of crust and toppings.
Political/Legal factors: Pizza restaurants need to comply with government regulations such as health and safety standards, as well as taxes. The pizza industry is also affected by regulations on labor practices and food labeling requirements.
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First City Bank pays 7.5 percent simple interest on its savings account balances, whereas Second City Bank pays 7.5 percent interest compounded annually. If you made a deposit of $8,600 in each bank, how much more money would you earn from your Second City Bank account at the end of eight years
How much more money would you earn from your Second City Bank account at the end of eight years is $1,577.91.
Earning from your Second City Bank account:First step:
Simple Interest from first bank = $8600 ×7.5%×8
Simple Interest from first bank= $5160
Second step:
Compound Interest from second bank = $8600 (1 + (0.075/1) ^1×8
Compound Interest from second bank = $15,337.91
Third step:
Interest gained from second bank = $15,337.91– $8600
Interest gained from second bank = $6,737.91
Fourth step:
Extra money earned through compound interest = $6,737.91-$5,160
Extra money earned through compound interest=$1,577.91
Inconclusion how much more money would you earn from your Second City Bank account at the end of eight years is $1,577.91.
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James received a raise after his first year on the job to $43,800 from his initial salary of $42,000. Inflation averaged 2.8% for that first year. In real terms (i.e., adjusted for inflation), what was his real raise stated as a percentage?
The calculation for percentage change of personal income is:
Group of answer choices
4.29%
2.29%
5.29%
1.29%
The calculation for percentage change of personal income is A. 4.29%. that is, the real raise of salary in percentage is 4.29%.
What is inflation?The overall rise in prices of goods and services over time in an economy is referred to as inflation. When inflation occurs, people may purchase fewer products and services with the same amount of money because the purchasing power of a unit of currency declines.
How do you determine it?James's initial income of $42,000 must be adjusted for inflation before being compared to his current compensation of $43,800 in order to determine his actual raise. The inflation rate was 2.8%.
Raise in salary = 43800 - 42000 = $1800
Therefore, real raise of salary in percentage is:
= Raise in salary/ initial salary x 100%
= 1800/42000 x 100%
= 4.285% = 4.29%
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Bill Converse of Rexburg, Idaho, recently had his truck slide off a gravel road and strike a tree. Bill's vehicle suffered $17,800 in damage. The truck has a book value of $45,000. Bill carried collision insurance with a $400 deductible. How much will Bill be reimbursed by his policy
Answer:
$17,400
Explanation:
Deductible in Insurance is the level of an amount of which the loss payable must reach before the insurance company will participate in compensating for the full sum assured. Any loss payable (claim) below the Deductible amount will not be compensated by the Insurance company and if it exceeds the deductible, deductible amount will be deducted from the claim amount
Here, there is $400 deductible. Amount to be reimbursed = Damages -Deductible amount = $17,800 - $400 = $17,400
The Weighted-Factor Rating Model is one of the methods used to compare the attractiveness of several global locations along a number of quantitative and qualitative dimensions.
a) true
b) false
Answer:
Iam sorry I don't know but why Iam messaging iss because when more people message it usually appears to more people so someone else will be able to help you:)
The manager of the main laboratory facility at CapitalHealth Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies with the number of lab tests performed but that some costs remain the same each month regardless of the number of lab tests performed. The lab manager collected the following data for the first seven months of the year. (Click the icon to view the data.) Use the high-low method to determine the laboratory's cost equation for total laboratory overhead. Use your results to predict total laboratory overhead if 3,000 lab tests are performed next month.
Number of Lab Tests Performed Total Laboratory Overhead Costs Month January February March ....... 2,800 2,600 3,100 April 3,550 $21,500 $22,700 $27,900 $31,400 $28,500 $19,500 $14,500 May ....... 3,700 1,200 June July 1,400
Answer:
Total cost= $26,668
Explanation:
Giving the following information:
Highest cost= $31,400
Lowest cost= $14,500
Highest activity= 3,700
Lowest activity= 1,200
To calculate the variable and fixed costs, we need to use the following formula:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (31,400 - 14,500) / (3,700 - 1,200)
Variable cost per unit= $6.76
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 31,400 - (6.76*3,700)
Fixed costs= $6,388
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 14,500 - (6.76*1,200)
Fixed costs= $6,388
Now, for 3,000 tests:
Total cost= 6,388 + 6.76*3,000
Total cost= $26,668
9. Give four reasons why Omondi satisfy hunger for food before going entertainment (4mks) 10. Highlight four differences between goods and services (4mks) Services
The reason why Omondi will satisfy hungler for food before going to Chaka Ranch for entertainment includes:
Basic wants are essential for survival. Resources are limited. Hunger pangs can be distracting/It can interfere with his enjoyment of the entertainment.Why does Omondi satisfy his hunger?By eating first, he can fully focus on and enjoy the entertainment without feeling uncomfortable or distracted by hunger. The entertainment venues also offer expensive and unhealthy food options, which may not be suitable for Omondi's dietary preferences or budget.
By eating, he can avoid spending money on unnecessary food or consuming food that does not align with his dietary choices. Also, some entertainment venues may not offer food at all.
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Ace company reported the following information for the current year sales 410,000
The correct gross profit will be $129,000. Gross profit is the amount of money a company keeps after deducting all of the expenses incurred in producing and offering its goods or services. The correct option is C.
How do you calculate the COGS?The expenses incurred within a specific time period to produce your items are shown as Costs of Goods Sold (COGS). COGS is calculated as starting inventory fewer purchases minus ending inventory.
Given,
Net Sales = $410,000
Opening stock = $132,000
Closing stock = $144,000 ( which is overvalue by $20,000)
Purchase = $273,000
Required to Find Gross Profit =?
Gross Profit = Net Sales - COGS
COGS = Opening stock + Purchase - Closing stock
= $132,000 + $273,000 - ($144,000 - $20000)
COGS = $281,000
Gross Profit = Net Sales - COGS
= $410,000 - $129,000
Groos Profit = $129,000
Thus, the ideal selection is option C. The accurate gross profit is $129,000 after adjusting the closing stock.
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Your Question seems incomplete most probably your full question was attached in the file given below.
How are members of the different subteams motivated to help each other?
Members of different subteams can be motivated to help each other through a shared understanding of goals, incentives, and recognition, and open communication and transparency. By building a culture of collaboration and teamwork, members can work together to achieve shared objectives and drive overall project success.
How do leaders motivate their teams?Where appropriate, encourage team members to work together on tasks and projects. Organizing occasional team-building activities can help the group connect and collaborate more successfully. establishing the team's mood by doing routine temperature checks.
Common goal members of different subteams are often working towards a common goal, and therefore, their success is interconnected. When one subteam succeeds, it can benefit the others, which can motivate individuals to work collaboratively and support each other.
Shared resources different subteams often share resources and dependencies, which means that one subteam's success can be dependent on the success of another subteam. This creates an interdependence that can motivate individuals to help each other and work collaboratively to achieve shared goals.
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At the beginning of January, Kesia Records paid $148,950 to acquire the exclusive rights to a new album. It costs them $1.13 to print a copy of this album, which they can sell for $9.75. The following chart shows the sales of that record, along with the overhead expenses of running a record studio, not counting production costs.MonthAlbums SoldExpensesJan.5,486$27,714Feb.8,191$21,689Mar.4,796$25,195Apr.7,490$28,766May6,272$24,604Jun.5,131$29,040In whch month did Kesia Records first break even?a.Januaryb.Marchc.Aprild.May
The overhead expenses of January was record breaking.
What is overhead expenses ?Overhead costs are expenses incurred in running a firm that are unrelated to the development or production of a good or service. They are also known as "overhead expenses" or "operation expenses." Regardless of how successful the company is, these are the costs it must pay to continue operating. An recurring cost of running a business is referred to in business as overhead or overhead charge. Contrary to operating expenses like labour and raw materials, overheads are costs that cannot easily be linked to or recognised with any one revenue unit. The recurring costs of a firm that aren't specifically related to providing a good or service are referred to as overhead. Budgeting is crucial, but so is deciding how much a business should bill for its goods or services in order to break even.
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Answer:
D.) May
Explanation:
We discussed that President Roosevelt shifted SRAS to the left when he cartelized industries and boosted prices, making the economic downturn really bad. While some of government spending went to social programs, a rather large amount of government activity involved creating inflation. There are other things he could have done to mitigate, rather than exacerbate, the problem. Which of the following would have instead brought the economy back to full employment? (Check all that apply.)
A. Increase business taxes.
B. Reduce business regulations.
C. Strengthen labor unions
D. Spend money only on social programs.
Answer:
One of the things President Roosevelt could have done to mitigate, rather than exacerbate inflation or economic downturn was:
B. Reduce business regulations.
Explanation:
During his tenure government obtained the legal backing to regulate businesses. We are aware of the detrimental effects of business regulations by government, which skyrocketed from 1936 at the height of the New Deal measures, thereby increasing the compliance burden on businesses. Some of the newest regulations include the Federal Trade Commission (FTC), the Fair Packaging and Labeling Act of 1966, Fair Labor Standards Act (FLSA), The Employee Retirement Income Security Act (ERISA), the Environmental Protection Agency (EPA), and several Privacy laws.
The change in technology and the globalization have brought new pattern of organizing
today's companies, and thus, the managers need to consider these new concepts in
organization's design process. With this statement, discuss the emerging issues in
organization design and architecture.
Following are the emerging issues in organization design and architecture:Technology and Globalization, Customer Relations,Technical Knowledge, Flexibility, Employee's Well-being.
Following are the emerging issues in organization design and architecture:
Technology and Globalization: The modern era's rapid technology and globalization have forced the organizations to adopt a new pattern of organizing. Managers are focusing more on technology and globalization and they are ensuring that the company can cope with the emerging challenges.Customer Relations: Customers are the major driving force in every business. To maintain the customer base, the managers need to focus on customer relations as the organization's design process should be centered around their needs. This will help the managers in creating a company that provides excellent customer service to its customers.Technical Knowledge: The success of an organization depends on the technical knowledge of its managers. Managers need to have knowledge about new and emerging technologies so that they can use them to enhance the organization's capabilities. In addition, managers need to know how to apply this technical knowledge to improve the organization's structure and operations.Flexibility: Flexibility is a crucial component in the organization's design process. The managers need to design the organization that is flexible enough to adapt to new changes and technologies. This will help the managers in keeping up with the rapidly changing business environment.Employee's Well-being: The well-being of employees is also a significant issue in the organization's design process. The managers need to design the organization in a way that the employees can work efficiently, and their personal needs are also met. This will help in improving the employee's productivity and motivation level and ensure their loyalty to the organization.For more such questions on Globalization
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ABC's sales equal $60,000 and cost of goods sold equals $20,000. Its beginning inventory was $1,600 and its ending inventory is $2,400. ABC's inventory turnover ratio equals how many times a year?
A) 5 times.
B) 30 times.
C) 10 times.
D) 20 times.
Answer:
C) 10 times
Explanation:
Calculation to determine ABC's inventory turnover ratio equals how many times a year
Using this formula
Inventory turnover ratio =Cost of goods sold equals /Average inventory
Let plug in the formula
Inventory turnover ratio=$20,000/[($1,600+$2,400)/2]
Inventory turnover ratio=$20,000/($4,000/2)
Inventory turnover ratio=$20,000/$2,000
Inventory turnover ratio=10 times
Therefore ABC's inventory turnover ratio will equals 10 times a year
ABC's sales equal $60,000 and cost of goods sold equals $20,000. The, ABC's inventory turnover ratio equals to 10 times a year.
What is Inventory Turnover ratio?
Inventory turnover ration represents the total inventory that is sold, but and replaced by person. It can be calculated by dividing cost of goods sold by average inventory.
Calculation to determine ABC's inventory turnover ratio:-
Inventory turnover ratio =Cost of goods sold equals /Average inventory
Inventory turnover ratio=$20,000/[($1,600+$2,400)/2]
Inventory turnover ratio=$20,000/($4,000/2)
Inventory turnover ratio=$20,000/$2,000
Inventory turnover ratio=10 times
Therefore, correct option is C.
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Ethics Student Activity Packet
In this lesson, you will learn to:
- Define what ethics is
- Explore some of the ethical dilemmas our society faces, such as those posed by self-driving cars
- Analyze a number of ethical dilemmas and recommend how the people in these situations should proceed
NOTE: Vocabulary for this unit can be found in the NGPF Personal Finance Dictionary
RESOURCES
Discussion Prompts
Write your responses to the questions. Then, share what you wrote with your classmates or a partner.
QUESTIONS
1. How do you know if a behavior or action is right or wrong?
A behavior or action is right or wrong due to the fact that it is a specific kind of action, that tends to fits in with some principles or rules, and can also say the behavior is right or wrong due to the fact that it brings about good or negative consequences.
How do we know good and bad behavior?We must first comprehend what we mean when we speak about right and wrong in order to taken in how to acquire moral understanding.
Therefore, one can make use of Conscience-Based Action: Ethical Knowledge. It is seen as a more prevalent viewpoint that exists that is not too dissimilar from that. It is the notion that by paying attention to our conscience, we can determine what is morally right and wrong. What determines whether anything is right or wrong is that still, small voice within of us.
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What is the Importance of Public Personnel Management?
Public personnel management is crucial for the effective functioning of public sector organizations. It encompasses the policies, practices, and processes involved in managing the human resources of government agencies at various levels.
The importance of public personnel management can be understood from several perspectives:
1. Efficient Service Delivery: Public personnel management ensures that government agencies have competent and motivated employees who can efficiently deliver public services. By recruiting, selecting, and retaining the right people for the job, personnel management contributes to enhancing the quality and responsiveness of public services.
2. Merit-Based System: Public personnel management promotes a merit-based system where individuals are hired and promoted based on their qualifications, skills, and performance rather than favoritism or nepotism. This helps to build a professional and competent workforce and fosters public trust and confidence in government institutions.
3. Employee Development: Personnel management plays a crucial role in providing training and development opportunities to public sector employees. Continuous learning and skill enhancement programs enable employees to adapt to changing work requirements, improve their performance, and contribute effectively to organizational goals.
4. Fairness and Equity: Effective personnel management ensures fairness and equity in the treatment of employees. It establishes transparent and standardized processes for recruitment, performance evaluation, promotion, and disciplinary actions, reducing the likelihood of discrimination and promoting a culture of fairness and equality.
5. Workforce Planning: Public personnel management involves strategic workforce planning to anticipate and address future human resource needs. By identifying skills gaps, succession planning, and implementing effective recruitment and retention strategies, it ensures that the organization has the right people with the right skills in the right positions.
6. Employee Engagement and Morale: Public personnel management practices, such as performance recognition, rewards, and employee involvement, contribute to higher levels of employee engagement and morale. Engaged employees are more likely to be motivated, committed, and productive, leading to improved organizational performance.
In conclusion, public personnel management is essential for efficient and effective public service delivery, promoting a merit-based system, developing employees, ensuring fairness and equity, strategic workforce planning, and enhancing employee engagement. By focusing on the management of human resources, public sector organizations can achieve their objectives and serve the needs of the public more effectively.
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A bank is preparing a financial asset for trading in the over-the-counter market. It most nearly sounds as though they are _____. securitizing securitizing collateralizing a loan collateralizing a loan creating a derivative creating a derivative offsetting negative risk
A bank is preparing a financial asset for trading in the over-the-counter market. It most nearly sounds as though they are a derivative offsetting negative risk. The correct option is D.
What are over-the-counter financial instruments?OTC securities are those that are not listed on a national securities exchange. The majority of these securities are traded on Alternative Trading Systems (ATSs), which are quotation mediums that may include electronic interdealer quotation systems that show quotes from broker-dealers for many OTC securities.
In over-the-counter markets, trading is done electronically rather than in a physical location. An auction market system is very dissimilar from this. Dealers serve as market makers in OTC markets by quoting prices at which they will buy and sell securities, currencies, or other financial products.
Thus, the ideal selection is option D.
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What is the difference between marginal cost and marginal revenue?
A. Marginal cost is the money earned from selling one more unit of a good. Marginal revenue is the money paid for producing one more unit of a good.
B. Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.
C. Marginal cost is the money a producer might make from one more unit. Marginal revenue is the money a producer actually makes from one more unit.
D. Marginal cost is the money a producer actually makes from one more unit. Marginal revenue is the money a producer might make from one more unit.
The difference between Marginal cost and Marginal Revenue is that Marginal cost is the money paid for producing one more unit of a good while Marginal revenue is the money earned from selling one more unit of a good.
What is Marginal Cost?Marginal cost refers to the additional cost incurred by increasing the quantity of a product by one unit. It could also be said to be the extra expense a business incurs when producing one additional product or service.
What is Marginal Revenue?Marginal revenue refers to the additional revenue generated by a business by producing an extra unit of a commodity.
As seen above, the difference between marginal cost and Marginal revenue is that Marginal cost is the money paid for producing one more unit of a good while Marginal revenue is the money earned from selling one more unit of a good.
Therefore option B is correct.
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the two mean sets of accounting standards followed by business are Gaapand IFRS. breifly explain how the balance sheet is formatted under each set??
Answer:GAAP arranged balance sheet in their order of liquidity. From current asset to non current asset then to current liabilities to non current liabilities and finally to owners Equity. Under IFRS they start with non current asset, then to current asset, then to owners Equity and from owners Equity to non current asset and finally to current liabilities.
Explanation:
A balance sheet is a classified list of the debit and credit balances remaining on the books after the preparation of the trading profit and loss account. The purpose of a balance sheet is to present a true and fair view of the financial position of the business at a given date. Under the GAAP, balance sheet are arranged in their order of liquidity. In other words asset are arranged in the reverse order of their realisability or in their ease of conversion into cash. Under GAAP, current asset comes first followed by non current asset, then followed by current liabilities, then by non current liabilities, and lastly by owners Equity.
Under IFRS, the order accepted by them is that balance sheet should be arranged in reverse order to that of GAAP. They start with non current asset, followed by current asset, then followed by owners equity, then followed by non current liabilities and lastly by current liabilities.
If unit 1 requires 200 hours to produce and the labor records for an Air Force contract of 50 units indicates an average labor content of 63.1 hours per unit, what was the learning rate? What total additional number of labor-hours would be required for a follow-on Air Force contract of 50 units? What would be the average labor content of this second contract? Of both contracts combined? If labor costs the vendor $10/hour on this second contract and the price to the Air Force is fixed at $550 each, what can you say about the profitability of the first and second contracts, and hence the bidding process in general?
Answer:
Answer is explained in the explanation section below.
Explanation:
Solution:
We are given that, it takes 200 hours to produce unit 1.
And we also know that the average time taken to produce the first 50 units, it takes 63.1 hours per unit.
Total Time Taken for first 50 units will be:
63.1 x 50 = 3,155 hours.
Now, if we calculate the cumulative time taken to produce first 50 units with respect to time taken to unit 1, we get:
\(\frac{3,155}{200}\) = 15.78
So, now we can check the learning rate from the cumulative learning curve values table for 50 units and corresponding 15.78 value, we get 75%.
So, Learning rate is 75% for first 50 units production.
Now, for the second contract, total number of units to be produced are 100 units. So, again, with the help of cumulative learning curve values table, we can check the amount of cumulative time taken with respect to the production time of first unit against the learning rate of 75%.
Check the 100 units value in the 75% column, we get 24.18
So, now we can calculate the total time taken to produce 100 units:
24.18 x 100 = 4836 hours.
Now, the extra time required for the second 50 units production is the difference between the total time of 100 units and first 50 units.
4836 - 3155 = 1681 hours
From this value, we can calculate the average amount labor content per unit taken for the second contract.
1681/50 = 33.62 hours/unit.
And Combined Average amount of both contracts will be:
4836/100 = 48.36 hours/unit.
Cost Calculation:
With the help of above values, we can calculate the total cost of both the projects.
Second Contract Total cost = 1681 x $10 = $16810
Similarly for Contract one = 3155 x $10 = $31,550
Now,
Profit from the Second Contract:
($550 x 50) - $16,810 = $10,690
Similarly, for the first contract:
($550 x 50) - $31,550 = -$4,050 (Loss)
Hence, we can see the profits from the second contract is higher and it is feasible to fix the labor cost of first contract at:
\(\frac{550 . 50}{3155}\) = $8.71/hr to escape from the losses of the first contract.
Raising money to fund their programs, providing education, providing service to those affected, and advocating are the basic objectives of:
Organizations that engage in these activities including advocacy and education, are known as Philanthropic organizations.
What is a philanthropic organization?They are non-profit organizations. They champion various causes related to the provision of basic human rights to the less privileged.The only way they are able to engaged in these causes and programs is by raising funds and they do this through various ways such as receiving charitable donations and engaging in business.
In conclusion, this is a philanthropic organization.
Find out more on philanthropic organizations at https://brainly.com/question/1362883.
An income statement reports the revenues earned minus expenses incurred by a business over a period of time.
True or false ?
Answer:
True
Explanation:
This is an income statement. Ex: Rent expenses, salaries expense, total revenues, etc.
TRUE/FALSE. Ari wanted to improve his career readiness and identified some competencies he wanted to develop. He decided to significantly overhaul his daily routines so he could quickly improve these competencies. Based on what you know about the process for managing career readiness, Ari most likely will struggle to develop his chosen competencies.
In the process of managing career readiness, Ari most likely will struggle to develop his chosen competencies. The given statement is true.
What is the concept of career readiness?As defined by Applied Educational Skills, career readiness is the process of preparing pupils of any age with the essential skills required to find, acquire, maintain, and grow within a job. Communication and critical thinking are two crucial aspects of career readiness.
Career and Personal Development. Proactively develop oneself and one's career through ongoing personal and professional learning, awareness of one's own strengths and weaknesses, career opportunity navigation, and networking to build relationships within and outside one's organization.
Thus, the mentioned above-given statement is true.
Learn more about career readiness here:
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