The act of giving up one thing of value to gain another thing of value is called a/an

Answers

Answer 1

Answer:

Trade-off. act of giving up one thing of value to gain another. Opportunity Cost. value of the next best alternative you could have chosen. Marginal Benefit.

Explanation:

Answer 2

Answer:

Explanation:

Trade-off is the answer.


Related Questions

hurry!!!! (economics) This graph shows changes in GDP and the unemployment rate in the United States in recent years.

A graph titled Annual Change in U S Unemployment and G D P from 2005 to 2012 has year on the x-axis and percent of change on the y-axis, from negative 4 to 4 in increments of 2. Between 2008 and 2009 the G D P decreased by about 3 percent. Between 2008 and 2009, the unemployment rate increased about 1.5 percent. When unemployment was at the highest point, G D P was at the lowest point.

Which statement most accurately describes the trends shown on this graph?

When GDP falls, unemployment rises.
GDP and unemployment have little to do with each other.
When GDP rises, unemployment rises as well.
GDP and unemployment rise at times of world crises.

Answers

Answer:

A. When GDP falls, unemployment rises.

Explanation:

Nick realises that by issuing shares, the company could have many shareholders.
Explain how profits will be managed and/or distributed, keeping in mind the best
interest of the business.

Answers

Profits can be distributed to shareholders as dividends or reinvested by the corporation.

What is profit?

In business, profit is the income of a company minus the cost of goods sold, depreciation, expenses, amortization, and taxes for an accounting period

The way profits are managed is important for the growth of a company. In this case, Profits can be distributed to shareholders as dividends or reinvested by the corporation.

In this case, when a corporation earns a surplus, it is able to pay part of the profit as a dividend to the shareholders and the amount not distributed is taken to be re-invested in the business.

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Verizon Wireless recently ran a pricing trial to estimate the elasticity of demand for its services. The manager selected three states that were representative of its entire service area and increased prices by 5% to customers in those areas. One week later, the number of customers enrolled in Verizon’s cellular plans declined 4% in those states, while enrollments in states where prices were not increased remained flat. The manager used this information to estimate the price elasticity of demand for Verizon and, based on her findings, immediately increased prices in all market areas by 5% in an attempt to boost the company’s 2020 annual revenues. One year later, the manager was perplexed because Verizon’s 2020 annual revenues were 10% lower than those in 2019: the price increase apparently led to a reduction in the company’s revenues.


Did the manager make an error? Explain.

Answers

Yes, it is likely that cell phone elasticity is considerably greater in the long run than in the short term.

How do cell phones work?

A cellular phone is a type of telecommunication that uses radio waves to send calls over networked areas (cells) and is supported by a base station or cell site at a fixed location. This allows calls to be transmitted wirelessly over long distances to fixed landlines or the Internet.

In this networked system, a cell phone is recognized as a mobile system made up of the hardware and SIM card that actually allows a mobile phone number. Cellphone, mobile phone, and cellular are other terms for cellular phones.

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a business receives 5000 for rent and deposits this amount into its bank account. how will this transaction be recorded?​

Answers

Answer:

Dr bank 5,000

Cr rent revenue 5,000

Deposit

Explanation:

It is noteworthy that the rent received is rent revenue not rent expense , going by the fact that the giving account should be credited while the receiving account is debited, the bank account being the receiving account since cash was received from the rent account would be debited while the rent revenue account would be credited as the giving account.

In another way, rent account is a revenue account, an increase in revenue should be credited while the bank account being an asset account an increase in the asset should be debited.

The Executive Level is the highest level of the tall hierarchy pyramid.
True or False

Answers

The answer is false

Phillips Rock and Mud is trying to determine the maximum amount of cash dividends it can pay this year. Assume its balance sheet is as follows:
Assets Cash $ 406,000
Accounts receivable 832,000
Fixed assets 1,014,000
Total assets $ 2,252,000
Liabilities and Stockholders' Equity
Accounts payable $ 473,000
Long term payable 368,000
Common stock (300,000 shares at $2 par) 600,000
Retained earnings 811,000
Total liabilities and stockholders' equity $ 2,252,000
a-1. From a legal perspective, what is the maximum amount of dividends per share the firm could pay? (Do not round intermediate calculations and round your answer to 2 decimal places.)
a-2. Is this realistic?
A. Yes
B. No
b. In terms of cash availability, what is the maximum amount of dividends per share the firm could pay? (Do not round intermediate calculations and round your answer to 2 decimal places.)
c. Assume the firm earned an 20 percent return on stockholders’ equity last year. If the board wishes to pay out 40 percent of earnings in the form of dividends, how much will dividends per share be? (Do not round intermediate calculations and round your answer to 2 decimal places.)

Answers

Answer:

a-1. From a legal perspective, what is the maximum amount of dividends per share the firm could pay?

Dividends can only be paid from retained earnings because a corporation can distribute dividends only if it has made a profit.

Maximum amount of dividends per share = $811,000 / 300,000 common shares = $2.7033 per share

a-2. Is this realistic?

B. No

No corporation has a 100% dividend payout rate because it uses retained earnings to finance existing or new projects.

b. In terms of cash availability, what is the maximum amount of dividends per share the firm could pay?

$1.35 per share because the firm has $406,000 in cash and it has 300,000 outstanding shares.

c. Assume the firm earned an 20 percent return on stockholders’ equity last year. If the board wishes to pay out 40 percent of earnings in the form of dividends, how much will dividends per share be?

ROE = net income / stockholders' equity

20% = net income / $1,411,000

net income = $1,411,000 x 20% = $282,200

dividends = $282,200 x 40% = $112,880

dividends per share = $112,880 / 300,000 = $0.38 per share

If you had to formulate some goals for Cashbuild, what would they be ? (13)

Answers

I will focus more on what Cashbuild has achieved all these years and how formulate ways to addressed the obstacles they  did face so as to prevent future occurrence.

What is Cashbuild about?

This is known to be a South African-based retailer company that is known form making building materials and other products.

They are known to give products at the cheap or lowest price mainly to the public. Due to their nature of work,  I will focus more on what Cashbuild has achieved all these years and how formulate ways to addressed the obstacles they  did face so as to prevent future occurrence.

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Which of the following are examples of production that is not exchanged in the market, and not included in GDP? Select the two correct answers below. Select all that apply: hiring a lawn service to mow your lawn o cleaning your own house O taking care of your children O hiring a nanny to care for your children

Answers

Cleaning your own house and taking care of your children are examples of production that are not exchanged in the market and not included in GDP.

What is GDP?

In macroeconomics, gross domestic product (GDP) is a measure of the total value of goods and services produced within a country during a specific period of time. However, not all economic activities are included in GDP.

One example is non-market production, which refers to the production of goods and services that are not exchanged in the market, and therefore, not captured in GDP.

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why is training an important consideration when considering a business tool?

Answers

Answer:

Training boosts a feeling of value in employees.

Explanation:

It shows that you're committed to providing them with the resources needed to ensure they're doing a good job. In turn, they're more likely to enjoy their work and remain in your organization for longer.

You decide to decrease the price of your product to increase total sales revenue, because you believe your product's demand is

A) perfectly inelastic
B) unit elastic
C) price elastic
D) price inelastic

Answers

Answer:

C) price elastic.

Explanation:

If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent​

Answers

Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.

To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.

This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.

To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.

2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)

Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]

Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)

Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)

Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n

Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)

Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)

We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.

Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.

Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent

Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent

Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent

Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent

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The U.S. Senate has 100 members. Suppose there are 54 Republicans and 46 Democrats. A committee of 15 senators is selected at random. What is the expected number of Republicans on this committee? 9.0 7.1 8.1 6.7

Answers

I think you’re supposed to be like nine that’s what I think so try it out let’s see if it works if it doesn’t I’m done
i believe the answer is 8.1

Develop a managerial report (1,000-1,250 words) summarizing your analysis of the OEI service capabilities. Make recommendations regarding the number of technicians to be used when OEI reaches 20 and then 30 customers, and justify your response. Include a discussion of the following issues in your report:

What is the arrival rate for each customer?
What is the service rate in terms of the number of customers per hour? (Remember that the average travel time of 1 hour is counted as service time because the time that the service technician is busy handling a service call includes the travel time in addition to the time required to complete the repair.)
Waiting line models generally assume that the arriving customers are in the same location as the service facility. Consider how OEI is different in this regard, given that a service technician travels an average of 1 hour to reach each customer. How should the travel time and the waiting time predicted by the waiting line model be combined to determine the total customer waiting time? Explain.
OEI is satisfied that one service technician can handle the 10 existing customers. Use a waiting line model to determine the following information: (a) probability that no customers are in the system, (b) average number of customers in the waiting line, (c) average number of customers in the system, (d) average time a customer waits until the service technician arrives, (e) average time a customer waits until the machine is back in operation, (f) probability that a customer will have to wait more than one hour for the service technician to arrive, and (g) the total cost per hour for the service operation.
Do you agree with OEI management that one technician can meet the average 3-hour service call guarantee? Why or why not?
What is your recommendation for the number of service technicians to hire when OEI expands to 20 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What is your recommendation for the number of service technicians to hire when OEI expands to 30 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What are the annual savings of your recommendation in Question 6 (above) compared to the planning committee's proposal that 30 customers will require three service technicians? (Assume 250 days of operation per year.) How was this determination reached?

Answers

The purpose of this research is to examine the service proficiency of OEI and suggest suitable  staffing levels for accommodating a growing clientele of 20 and 30.

1. Arrival Rate for Each Customer:  1.25 customers per hour.

2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.

3. Travel Time and Waiting Time: The waiting time starts from the moment the customer contacts OEI until the machine is back in operation, including both travel and repair time.

What is the managerial report

1. Arrival Rate for Each Customer:  1.25 customers per hour.

Based on historical data, the arrival rate for each customer is calculated by dividing the total number of customers by the total time. let us say that OEI receives an average of 10 customers per day, and the service operates for 8 hours a day. So, the arrival rate per customer is:

10 customers / 8 hours

= 1.25 customers per hour.

2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.

The service rate takes into account the time required to complete a repair, including travel time. OEI estimates that each service call takes approximately 1 hour for travel time and 2 hours for the actual repair. So, the service rate is:

1 customer / 3 hours

= 1/3 customers per hour.

3. Travel Time and Waiting Time:

OEI is different from traditional waiting line models since service technicians need to travel an average of 1 hour to reach each customer. In this case, the travel time and waiting time predicted by the waiting line model should be combined to determine the total customer waiting time.

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The following is an extract of Webee Ltd.’s balance sheet. What is its current ratio?

Particulars $
Cash 5,000
Accounts Receivable 5,000
Inventory 10,000
Prepayments 4,000
Long term Assets 100,000
Accounts Payable 2,000
Notes payable within 10 months 2,000
Wages Payable 4,000
Long term Liabilities 16,000
Stockholder's Equity 100,000

a. 2:1
b. 3:1
c. 6:1
d. 4:1

Answers

The current ratio of Webee Ltd is b. 3:1.The current ratio of Webee Ltd can be calculated by dividing its current assets by its current liabilities. Given that we have the company's balance sheet, we can easily find the current ratio.

Current assets are: Cash + Accounts Receivable + Inventory + Prepayments = $5,000 + $5,000 + $10,000 + $4,000 = $24,000Current liabilities are:

Accounts Payable + Notes payable within 10 months + Wages Payable = $2,000 + $2,000 + $4,000 = $8,000Now that we have both figures, we can calculate the current ratio as follows:

Current Ratio = Current Assets / Current Liabilities = $24,000 / $8,000 = 3:1.Therefore, the current ratio of Webee Ltd is b. 3:1.

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Id.k the labels for em :/

Id.k the labels for em :/

Answers

Answer:

Sole property ship- one owner

Partnership-multiple owners.

Explanation:

When is the advisable time to start building or adding to your own professional network?
Question 5 options:

a)

Upon graduation

b)

When you need a job

c)

Whenever you have time

d)

Right now

Answers

Answer:

A. Upon Graduation

(Principles of management is the class I am taking )

What is a management control system? give a example

Answers

A management control system gathers information used to evaluate the performance of:

HumanPhysicalFinancialOther organizational resources.

What is a management control system?

A management control system is a management technique that evaluates the achievement of performance goals in terms of:

ProductivityProfitabilityEfficiency.

Thus, a management control system gathers information used to evaluate the performance of human, physical, financial, and other organizational resources.

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• TWO interpersonal skills selected from Addendum A, are listed and linked to examples/evidence from the background information.​

Answers

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:

Discuss the pros and cons of BMWs selective target marketing? What has the firm done well over the years and where could it improve? (20 marks)

Answers

Selective target marketing allows BMW to focus on a specific market segment, offering tailored products and services that appeal to its target audience.

This approach has several pros and cons.

Pros:
1. Precise targeting: By focusing on a specific group, BMW can create customized offerings that cater to the unique preferences of its customers, leading to higher satisfaction and brand loyalty.
2. Efficient resource allocation: Concentrating on a specific segment enables BMW to allocate resources efficiently, ensuring better returns on investment.
3. Enhanced brand image: By offering high-quality products and services to a select clientele, BMW has built a strong, premium brand image over the years.

Cons:
1. Limited market reach: Selective targeting may limit BMW's customer base, restricting potential growth.
2. Vulnerability to market fluctuations: Focusing on a single segment makes BMW vulnerable to changes in market dynamics, affecting its overall performance.
3. Increased competition: BMW faces fierce competition within its target segment, as competitors vie for the same customers.

Over the years, BMW has excelled at creating innovative, high-performance vehicles and maintaining a strong brand image. To improve, the firm could explore new market segments, diversify its product range, and adopt a more flexible marketing approach to accommodate the evolving preferences of its target audience.

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Please use the following baseline information:

Company ABC is offering bonds to investors to pay for its corporate expansion.
Par value: $1,000 per bond
Coupon rate: 5 percent per year (fixed rate)
Maturity: 10 years

At the end of 10 years, the bondholder would have received the following amount in total:
$15,000.
$1,000.
$5,000.
$1,500.

(I know it’s not $5,000)

Answers

Answer:

The coupon rate would have been 5 percent, which means the bond would have paid out the full $15,000 over 10 years.

Explanation:

The doctrine of state decisis is a

Answers

It’s a doctrine where the court follows makes decisions based on older decisions in a case with the same or similar scenarios

Identify the major advantages of automated materials handling systems versus manual or nonautomated systems.

Answers

Automated materials handling systems offer several advantages over the manual or non-automated systems, including Increased efficiency, Improved safety, higher throughput and better inventory control.

What is efficiency?

Efficiency refers to the ability to achieve maximum output with minimum input, thereby minimizing waste and maximizing productivity. It is a measure of how well resources are utilized to achieve a specific goal. In the context of business, efficiency can be applied to various areas, such as production, logistics, and customer service. Improving efficiency can lead to increased profits, reduced costs, and improved customer satisfaction. Various techniques can be used to improve efficiency, such as automation, streamlining processes, and improving communication and collaboration between team members. Ultimately, achieving high efficiency requires a focus on continuous improvement and a willingness to adapt to changing circumstances and new technologies.

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NEED HELP ASAP!! 30 points AND I WILL MARK YOU BRAINLIEST!!

1. Based on your knowledge of the Stock Market; how do stocks represent ownership in a company, and what determines the price of a stock?

2. Considering your previous knowledge of investing; please name three notable forms of investing money and construct a comparison of how they differ from each other.

3. You have just received your paycheck from Chick-Fil-A. You go to the bank to deposit your check in the amount of $120.00 to your bank account. The teller issues you a deposit slip. Upon leaving the bank, you go to Target. There you see a pair of jeans you like on sale for $30.00 from the usual $40.00. You decide it’s a great deal and purchase the jeans. You give the cashier your debit card to pay for the purchase and the jeans become yours. Using this scenario, please discuss how the three uses of money are being utilized. Please be specific about each use and which step in this scenario represents each use.

Answers

Answer:

1. Stocks are held by equity owners.  The equity owners are the common stockholders and the preferred stockholders, who have some preference over the common stockholders.  Because of this preference which reduces their risk exposure, preferred stockholders are regarded as part-owners, leaving the common stockholders to be the ultimate, risk-bearing owners.  Therefore, their level of participation in the distribution of profits is higher than the preferred stockholders.

Another way to differentiate stockholders as owners of a company is to look at debt holders.  These are regarded as creditors to the company.  They finance the company for some fixed interest.  They do not participate in profit sharing.  They are different from the stockholders, who may be preferred stockholders or common stockholders.

1b. The price of a stock is initially fixed by the company when the par or stated price is determined.  When the stock goes public and issued in the stock exchange, the price is then determined by the market forces of supply and demand.  The stock price can also be determined by the book value of the company divided by the outstanding shares.

2. Three notable forms of investing money are:

a) Buying a company's stocks

b) Investing in bonds

c) Investing in Government-backed treasury bills or bank savings

b) Comparison

                                  Stocks                     Bonds               Treasury/Savings

1. Term period          Permanent               Long-term         Short-term

2. Returns                 Dividend /capital     Fixed interest    Fixed interest

                                   appreciation

3. Risk profile           High                          Limited               Low

3. The three uses of money:

a. To pay and receive wages: Chick-Fil-A, where you work give you your paycheck in the amount of $120.00. There is an exchange with cash for labor.

b. To save in the bank: You deposit your check in the bank and the bank credits your debit card account in the sum of $120.  There is an exchange with cash for a debit card.  The debit card is equivalent to the cash in bank deposit.

c. To pay for goods and services: You buy the pair of jeans for $30 using your debit card, which the cashier debits accordingly.  There is an exchange of cash for the jeans.

Explanation:

Money is a means of exchange for goods and services.  It can also be invested in stocks, bonds, or savings to earn some form of interests.

On April 11 of the current year, Zack Corporation had a market price of $48 per share of common stock. Its par value was $10 per share. For the previous year, Zack paid an annual dividend of $3.90 per share. Zack's gross revenues and net income was $5,000,000 and $2,500,000, respectively. The dividend yield for Zack Corporation would be:_________a) 8%.b) 0.8%.c) 39%.d) None of these choices are correct.

Answers

Answer:

8%

Explanation:

Dividend yield is a measure of business performance, used by investors which compares dividend paid by a stock to its market share.

Given the above information,

Dividend yield = $3.90/$48 × 100 = 8.13%

The first tele-medicine programs emerged in the 1950's and were connected with what organization?

Answers

In order to connect to "Nebraska Psychiatric Institute as well as Norfolk State Hospital" to psychiatric consultations, the first telemedicine programs first appeared in the 1950s.

Explain about the history of tele-medicine programs?

Although telepathology is not as popular as teleradiology, the digitalisation of pathology slides is.

Due to the size of these files, it is necessary to be able to examine color photos at various magnifications.In the late 1950s and early 1960s, a closed-circuit television connection was constructed for psychiatric consultations between Norfolk State Hospital and the Nebraska Psychiatric Institute, which is likely one of the oldest and most well-known use of hospital-based telemedicine. Stroke care as well as care with in intensive care unit are two areas where hospital-based telemedicine is expanding quickly (ICU). Data suggests that high-quality stroke assessments can be performed remotely with adequate imaging. Telemedicine lowers the number of needless trips to emergency rooms for patients receiving professional nursing care.

Thus, in order to connect to "Nebraska Psychiatric Institute as well as Norfolk State Hospital" to psychiatric consultations, the first telemedicine programs first appeared in the 1950s.

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what is the importance of salesmanship​

Answers

Answer:Salesman helps the consumers in making the right decision and proper selection of the products which they want to buy.

Explanation:

Answer:

A salesman educates and guides consumers. They help consumers make the right decisions and proper selection of the products they want to buy. Salesmanship increases the rate of turnover, hence reducing unsold stock.

The table below shows Lanark's production possibilities.


A B C D E F
Wheat 0 180 315 405 450 468
Cars 190 181 163 127 73 0

a. If Lanark is producing 145 cars, it can produce approximately
wheat.

b. If Lanark is currently producing combination C, the cost of 90 more wheat is

(Click to select)
.

c. If Lanark is currently producing combination D, the approximate per unit cost of an additional car is

(Click to select)
. If necessary, round your answers to 1 decimal place. Remember to round 0.05 up to 0.10.

Answers

If Lanark is currently generating 145 buses, it can generate about 180 units of wheat. .

b. The cost of 90 further wheat is 90.

c. The approximate per unit cost of an fresh auto is 54.

To determine the approximate quantum of wheat Lanark can produce if it's presently producing 145 buses , we need to find the matching value in the" Wheat" column. Grounded on the given table, we can see that the values in the" buses" column drop from left to right. thus, we need to find the combination where the number of buses is closest to 145, which is combination B. In combination B, Lanark can produce roughly 180 units of wheat.

We can find the cost of 90 further wheat by comparing the wheat values between combinations C and D, If Lanark is presently producing combination C. The wheat value in combination C is 315, and the wheat value in combination D is 405.

The difference between these two values represents the fresh wheat produced when moving from combination C to combination D. In this case, the difference is 405- 315 = 90. thus, the cost of 90 further wheat is the difference between the wheat values in combination C and D, which is 90.

we can determine the approximate per unit cost of an fresh auto by comparing the auto values between combinations D and E, If Lanark is presently producing combination D. The auto value in combination D is 127, and the auto value in combination E is 73.

The difference between these two values represents the drop in auto product when moving from combination D to combination E. In this case, the difference is 127- 73 = 54.

thus, the approximate per unit cost of an fresh auto is the difference between the auto values in combination D and E, divided by the drop in auto product, which is 54/ 1 = 54.

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Candra has compiled her rewritten notes, vocabulary lists, potential test questions and her previous tests. Which main component to a strong study guide is she missing? a. Class notes c. Graphic organizers b. Flashcards d. None of these

Answers

Answer:

the answer is C

Explanation:

i just took the test hope this helps

Graphic organizers is the main component to a strong study guide is she missing. Hence, option C is correct.

What is Graphic organizers?

A visual and graphic display known as a graphic organizer shows the connections between vocabulary, concepts, and facts within a learning task. In addition to being known as graphic organizers, knowledge maps, concept maps, story maps, cognitive organizers, advance organizers, and concept diagrams are other names for them.

Students are supposed to use this graphic organizer from The Resourceful Teacher to arrange information by responding to the 5 Ws: who, what, when, where, and why.

In any topic area, graphic organizers are beneficial teaching resources. They serve as a pre-writing aid for essays, assist students in organizing their thoughts and ideas for answering questions, and present information visually.

Thus, option C is correct.

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You recently increased your spending on marketing by 10%. You now spend $5,500 per month. Revenue increased by $1000 per month and your gross margin percentage is 70%. All other expenses stayed constant. Did the increase pay off?

Answers

The correct answer is yes the money increase because it’s just right

Question 2a. A car rental agency charges $75 per day plus 70 cents per mile. How
much does it cost to rent a car for a 1-day trip of 50 miles?

Answers

It will cost 250 dollars to rent a car for a 1-day trip of 50 miles.

What is arithmetic progression?

A number sequence that has a common difference between them. It is important to mention that the difference between the consecutive numbers is fixed and constant, and it remains the same throughout the sequence.

Given that,

Car rental charge = $75/day

Cost per mile = 70 cents/mile or, $3.5 [1 cent = $0.05]

Distance to be traveled in the 1-day trip = 50 miles

Total cost of 50-mile trip = 50 x 3.5 = $175

Per day car rental charge = $75

Total cost of car rent = $175 + $75 = $250

It can be concluded that it will cost 250 dollars to rent a car for a 1-day trip of 50 miles.

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