The scarcity of resources is a term used to describe a common economic circumstance in which an economy's resources are insufficient to satisfy existing wants and must be used sparingly.
The paucity of resources is another name for scarcity. When resources are limited, people must wisely or effectively allocate them to suit the demands of society. Scarcity refers to the restricted nature and availability of certain resources, whereas choice refers to people's options over how to distribute and use those resources.
The concept of "scarcity" alludes to a central paradox of economics: the mismatch between few resources and fictitiously limitless wants. In order to meet both basic necessities and as many additional wants as feasible, people need to decide how to spend resources effectively.
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the difference between the maximum price consumers are willing and able to pay for a good or a service and the price they actually pay is the surplus. True/False ?
Consumer surplus refers to the difference between what consumers are willing to pay for a good and what they actually pay for it. Each price curve also represents the small benefit from every unit of usage for the consumer.
True is the correct answer.
Is the distinction between the highest price that customers are willing to charge and the lowest price that production companies are inclined to acknowledge?The cost variance is the difference seen between market price of the goods or service and the best deal a production company would accept for a good. The surplus benefit experienced both by consumers and producers inside an economic transaction is used to calculate economic surplus.
Is the difference between the top price consumers will pay for an item and the lower price level?Consumer surplus is the distinction between the highest possible price for a product and the lower price elasticity.
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This is the group who elected by stockholders to oversee management in a corporation. A.Chief Counselors B.Chief Executives C.Board of Directors
D.Auditors.
In order to oversee and control management and to make corporate decisions on their behalf, a corporation's shareholders elect the board of directors.
Are a corporation's stockholders the ones who choose the board of directors?Shareholders choose who will serve on the board of directors of a public firm. Senior managers are hired by and have their salaries determined by the board, who also makes important decisions on matters like mergers and dividends. Both the company's nominations committee and outsiders seeking change may propose candidates for the board of directors.
Do stockholders own corporations as businesses?A corporation is a legal body whose owner(s) elect a board of directors to manage the organization's affairs. Business decisions and finances are the responsibility of the corporation.
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at what denomination level is a certificate of deposit terms typically negotiable at? multiple choice question. $1,000 $10,000 $100,000 certificates of deposit never have negotiable terms.
The certificate of deposit terms typically negotiable at the denomination level C. $100,000. The certificate of deposit also can be denominated in the level above of $100,000.
In the term of financial economic, A certificate of deposit also called as CDs. Certificate of deposit generally can be defined as a time deposit, a financial product commonly sold by banks, thrift institutions, and credit unions in the United States. A certificate of deposit has a specific, fixed term and usually, a fixed interest rate, so that CDs differ from savings accounts.
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multiple choice question trade-offs arising from limited resources give rise to . multiple choice question. scarce resources rational self-interest opportunity costs unlimited wants
Trade-offs arising from limited resources give rise to opportunity cost.
Scarcity is one of the fundamental characteristics of economics, which deals with how people satisfy endless wants and requirements with limited resources. Scarcity influences the monetary value individuals place on goods and services, as well as how governments and private enterprises allocate resources.
In life, we cannot get all we desire. This is when scarcity comes into play. Our endless desires are met with a finite quantity of things, services, time, money, and opportunities. This is the driving force behind choices—and, by implication, costs and trade-offs.
The value of what you lose while deciding between two or more possibilities is known as opportunity cost. When you make a decision, you believe that the outcome will be better for you regardless of what you lose by doing so.
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the public company accounting oversight board (pcaob) has the authority to set and enforce standards for public companies related to:
The public company accounting oversight board (pcaob) has the authority to set and enforce standards for public companies related to: Establishing or adopt auditing and related attestation, quality control, ethics, and independence standards.
For violations of Sarbanes-Oxley, Securities and Exchange Commission (SEC) rules, and other standards governing audits of publicly traded companies, brokers, and dealers, the PCAOB has the authority to conduct investigations and impose sanctions on registered public accounting firms and individuals connected to those firms.
The Sarbanes-Oxley Act mandates that the Board create standards for auditing and related professional practices that registered public accounting firms must adhere to when creating audit reports for public companies, other issuers, and broker-dealers.
In cases where violations are discovered, the PCAOB may impose penalties, including reprimands, fines, and restrictions on a firm's or an individual's ability to audit public companies or broker-dealers. PCAOB investigations and disciplinary proceedings are private and confidential, as mandated by the Sarbanes-Oxley Act.
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cushman company had $800,000 in net sales, $350,000 in gross profit, and $200,000 in operating expenses. cost of goods sold equals:
The Cushman Company reported net sales of $800,000, a gross profit of $350,000, and operating costs of $200,000. $450,000 is the cost of the products sold.
What does "gross profit" mean?Gross profit, also known as net income, is the money that a company keeps after deducting the expenses incurred in creating, promoting, and offering its goods or services. The outcome of deducting cost of goods sold (COGS) from revenue is a company's gross profit, which is shown on its income statement (sales). The income statement of a business will include these numbers. Sales profit and gross income are other words for gross profit. The gross profit of a corporation determines how well it utilizes its personnel and resources to produce goods and services.
Gross profit = Net sales – Cost of goods sold.
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farmer john can produce as much corn as he wants at the going price of $48 per bushel. at his current production level, the marginal cost is $18. what should the company do?
Since Price (MR) is greater than Marginal Cost, the farmer must continue to produce until MR Equals MC.
How can farmer decide to continue to produce?Maximum profit is the output at which MC and MR are equal.
The firm will enhance its profit by employing more variable input to generate more output as long as the income from creating another unit of output (MR) exceeds the cost of producing that unit of output (MC).The additional money that results from raising the quantity is known as the marginal revenue. The additional revenue "at the margin" is another name for this. Profit is therefore maximized when marginal cost equals marginal revenue, or when marginal profit is equal to zero.
So, Since Price (MR) is greater than Marginal Cost, the farmer must continue to produce until MR Equals MC.
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Farmer John should continue to produce corn as long as the marginal cost is less than the going price. In this case, the marginal cost of $18 is less than the going price of $48.
What is marginal cost ?The price of manufacturing one extra unit of a good is referred to as the marginal cost. The marginal cost of $18 in this instance means that Farmer John must spend $18 in order to produce one additional bushel of maize. Each additional unit of maize produced by Farmer John results in a profit if the marginal cost is lower than the market price.Farmer John would no longer be able to grow more maize since he would be losing money on every extra unit produced if the marginal cost were higher than the market price.In conclusion, Farmer John should keep producing corn as long as the marginal cost is lower than the market price.
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q1a. if you pay off $100 million in debt which had a 7% interest rate, what is the incremental decline in your interest expense?
After paying off the debt, the corporation will no longer have to spend $7 million on interest costs per year.
Calculate the yearly interest expenditure before and after the loan is paid off, then deduct the difference to obtain the incremental drop in interest expense after paying off $100 million in debt at a 7% interest rate.
Prior to making a loan repayment:
Principal x Interest Rate equals Interest Expense
Interest costs equal $100,000,000 x 7%, = $7,000,000
Following debt repayment:
Interest costs are $0
Decreasing interest expense incrementally equals $7 million - $0 = $7 million.
In other words, the incremental decrease in interest expenditure by repaying $100 million in debt at a 7% interest rate will be $7 million.
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the overall management process that strives to identify corporate purpose and to position a firm relative to its market environment is
The overall management process that strives to identify corporate purpose and to position a firm relative to its market environment is Strategic management.
Which four strategic management processes are there?Formulation, execution, evaluation, and revision are the four stages of strategic management.
How is the process of strategic management defined?A business implements a strategic management approach as part of a continual culture of appraisal in an effort to outperform rivals. Despite how simple it may seem, this is a challenging process that includes developing the organization's overall vision for both current and future goals.
What exactly are the five strategic management steps?Goal-setting, analysis, developing a strategy, putting it into action, and monitoring it are the five stages of the process.
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the primary savers of funds in the united states are question 4 options: businesses. governments. households. all of these. none of these.
In 2013, the domestic enterprises, organizations, and people in the United States saved over $1.9 trillion. What was done with the funds and where did they go? A portion of the savings was placed in banks, which then lent the funds to people or organizations seeking loans.
The price in any market is determined by what providers are paid and what buyers fork out. When it comes to financial markets, individuals who provide capital via saving anticipate obtaining a rate of return, while those who demand capital through receiving money anticipate paying a rate of return. Depending on the sort of investment, this rate of return can take many different shapes. The interest rate is the most basic illustration of a rate of return. For instance, you get interest when you deposit money into a savings account at a bank. The interest rate is the amount of interest that you receive as a percentage of your deposits. The same is true if you request a loan to purchase a car or a computer.
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which of the following is an example of an affirmative easement appurtenant? question 1 options: an easement used to restrict construction on adjacent parcels so as to preserve a valued view of the nearby mountains an easement to allow fishing on a secluded lake a road right-of-way that runs across the front all subdivided properties in a subdivision a common drive easement where owners of adjoining lots must permit each other to use a driveway lying on their shared property line
An easement is used to restrict construction on adjacent parcels so as to preserve a valued view of the nearby mountains of the following is an example of an affirmative easement appurtenant. The correct option is A.
What is the definition of easement appurtenant?An easement is a legal right to use the property of another person for a specific and limited purpose. An easement appurtenant is a type of easement that connects two properties as servant and dominant tenement estates.
The easement allowing a portion of your neighbor's garage to be built on your property is an appurtenant easement that also happens to be an affirmative easement. The right of your neighbor to use the trail along your real estate as a shortcut to the beach is also an affirmative easement.
Thus, the ideal selection is option A.
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suppose that you and two friends are going to study for a final exam. what type of goods would you characterize this teamwork? why? (hint: think about rivalry and excludability). what problems you anticipate will arise from the group study? would you be more or less likely to choose group work if there are five in the group rather than only three? what solutions may you propose to address the problem?
This type of teamwork would be characterized as a public good. This is because there is no rivalry between the three people studying, meaning that no one is excluded from the benefits of their collective work and the knowledge.
What is teamwork?Teamwork is the collaborative effort between two or more people to achieve a common goal. It is an essential component of any successful business, as it encourages communication, collaboration, and the sharing of ideas. Teamwork requires a high level of trust and respect between team members, as well as the willingness to work together towards a shared outcome. Teamwork also involves setting clear expectations, delegating tasks and responsibilities, and providing necessary feedback and support. Ultimately, successful teamwork is all about working together to achieve more than could be done alone.
they gain from studying together is nonexcludable and can be shared among the group without diminishing the benefit for any one of them.
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employee reception of the token economy at anna state hospital in the 1950s is best characterized as
Employee reception of the token economy at Anna State Hospital is Reluctance and resistant.
In the 1950s at Anna State Hospital the employee reception of the token economy is characterized as reluctance and resistance. Resistance employees are employees that don't like change and don't agree with the feedback. They usually react negatively and disagree with the change. Reluctance employees are employees that exhibit behaviors that undermine its mission, goals, and objectives. In the 1950s these two characteristics of employee reception of the token economy existed at Anna State Hospital. Employee reception is an employee managing the front desk of an organization.Learn more about employment at: https://brainly.com/question/1361941
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2) rose and wayne form a new corporation. rose contributes cash for 85% of the stock and wayne contributes services for 15% of the stock. the tax effect is
The answer is, Wayne is not part of the control group, because he contributes only services and that are excluded in the definition of property. Wayne must therefore recognize the fair value of his services as ordinary income.
What is an instance of income?The wage they receive from their employment is a common example of income for many people. Income can be any money that a person or business receives in exchange for labor, the creation of goods and services, or the placement of capital.
What types of revenue are there?The world's economies are divided into four income groups by the World Bank: low, lower-middle, upper-middle, and high income. The classifications are revised annually on July 1 depending on the GNI per capita of the preceding year (2021).
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When private ownership of a resource is clearly defined and enforced, the private ownerSelect one:a. has little incentive to consider the wishes of others when deciding how to use the resource.b. has little incentive to take care of the resource.c. has a strong incentive to use the resource wisely and to consider seriously the wishes of others when deciding how to employ the resource. Correctd. has a strong incentive to consume the resource during the period rather than conserving it for future use.
A strong incentive to use the resource wisely and to consider seriously the wishes of others when deciding how to employ the resource.
What is private ownership?Private ownership describes the only right to manage and make use of a certain resource or object, such as real estate, structures, or individual possessions. Property rights, which are the laws defining the terms under which people and businesses can own, use, and transfer resources, safeguard private ownership, a fundamental component of market-based economies.
The private owner of a resource has an incentive to utilize it wisely, to take other people's desires into account, and to preserve the asset's worth over time when private ownership of the resource is clearly established and enforced. Private ownership can encourage investment since owners have an incentive to raise the standard of their resources and look for new growth prospects.
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the self regulatory organizations (sros) are: a private companies b government sponsored enterprises c membership organizations d publicly traded companies
membership organizations. so the option C is the correct answer of the given question.
The self-regulatory organisations are membership organisations. Be aware that the self-regulatory organisations are no longer connected to the actual trading markets. For instance, the stock exchanges are NYSE and NASDAQ, while the SRO is FINRA. Both of these exchanges are listed on open marketplaces. The SRO is a membership-based organisation that develops and enforces rules for members, conducts compliance audits of members, and collects dues from members to support these expenses. There are many different kinds of legal entities, such as corporations, governments, non-governmental organisations, political organisations, international organisations, military forces, charities, for-profit firms, partnerships, cooperatives, and educational institutions, to name a few.
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Firms are typically more successful when they focus on opportunities that build on their strengths relative to those of their competition.a. Trueb. False
False: businesses are more likely to succeed when they concentrate on possibilities that play to their advantages over the competitors.
A competitive advantage is what?The term "competitive edge" refers to a company's capacity to produce goods or services more quickly, cost-effectively, or efficiently than its rivals. By outperforming its rivals in terms of sales or margins, the producing unit is made possible by these factors.
Some of the elements that are believed to contribute to competitive advantages include cost structure, branding, the quality of the product offered, the distribution system, intellectual property, and customer service.
A corporation and its shareholders may profit more from competitive advantages due to specific advantages or situations. It becomes harder for competitors to counter an advantage that is more durable. As far as competitive advantages go, comparative advantage and differentiated advantage are the two main types.
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mobius, inc., has a total debt ratio of .57. what is its debt-equity ratio? what is its equity multiplier?
The debt-equity ratio is a measure of a company's financial leverage, calculated as the total debt divided by total equity.
The equity multiplier is a measure of a company's financial leverage, calculated as the total assets divided by total equity.
What is debt equity ratio?The debt-equity ratio is a financial metric that compares a company's total debt to its total equity. It is used to evaluate a company's financial leverage, or how much debt it is using to finance its operations and growth.
The debt-equity ratio is calculated by dividing the total debt of a company by its total equity.
A higher debt-equity ratio indicates that a greater portion of a company's financing is coming from debt, while a lower debt-equity ratio indicates that a greater portion is coming from equity.
The debt-equity ratio is a useful tool for investors and analysts to assess a company's financial risk and its ability to meet its financial obligations. It is important to note that the appropriate level of debt-equity ratio varies by industry and company size.
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product costs include all of the following except question content area bottom part 1 a. advertising. b. cleaning products for the factory. c. direct materials used. d. assembly line workers.
A product costs include all of the following except for advertising. The Option A is correct.
What are considered as product costs in manufacturing?Product costs are the expenses incurred to create a product for sale to customers. Direct material (DM), direct labor (DL), and manufacturing overhead are all part of the product costs (MOH).
Labor, raw materials, consumable manufacturing supplies, and general overhead are all examples of production costs. Total product costs are calculated by adding the total direct material and labor costs, as well as the total manufacturing overhead costs.
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ceo, larry page, created a work culture that seeks employee input and provides plentiful perks, transparency, and flexibility. this is most representative of which management function?
most representative of management function is Planning and decision making, Organizing, Leading, and Controlling.
Which position are managers assuming when they speak on behalf of their company?Managers serve as the organization's spokesperson and act in that capacity.You are in charge of communicating information about your organization's objectives to those outside of it in this capacity.
Which managerial level, if any, do you anticipate conceptual talents to be most crucial?For top managers, conceptual skills are essential. For mid-level managers, they are less important, and for first-level managers, they are not necessary.The significance of these talents will increase as we move up the administrative ladder.
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The present value of a series of ___ cash flows is the amount you would need today to exactly duplicate those future cash flows.
The answer is in the future. Present value (PV) is the current value of a prospective financial asset or cash flow stream given a specific rate of return.
What is present value, for instance?A sum of money's present value is how much it is worth today. For instance, the present value is what $110 is currently worth if you are promised $110 in a year.
How exactly is present value calculated?The investor calculates a present value using the anticipated cash flow of the investment to decide if it is worthwhile to proceed with it now. On the anticipated future cash flows, a discount rate—which is the estimated rate of return calculated inversely with future cash flow—is applied.
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suppose that nominal gdp is $1000 in 2006 and nominal gdp is $1500 in 2007. if the overall price level between 2006 and 2007, we could say that real gdp . a increased by 50%; increased. b increased by less than 50%; decreased. c increased by 50%; stayed constant. d increased by more than 50%; increased. e increased by more than 50%; stayed constant.
If the overall price level increased by 50% between 2006 and 2007, we could say that real GDP stayed constant. The correct option is c.
What is GDP?GDP is a monetary measure of the market value of all the final goods and services produced and sold in a specific period by countries. Due to its complex and subjective nature, this measure is often revised before being considered a reliable indicator. GDP per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between nations.
While nominal GDP is more useful comparing national economies on the international market.
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why would someone get a patent for their invention?
With a patent, you can safeguard your creation. You can utilize a patent to stop someone from stealing, selling, or importing your invention.
Why is a patent required for an invention?The owner of a patent, in theory, has the sole power to prohibit or impede others from using the idea for financial gain. In other words, without the authorization of the patent owner, no one is allowed to use, distribute, import, or sell the innovation for a profit.
What are the three criteria for patenting an invention?The innovation must be legal, original, practical, and non-obvious in order to be patentable. A preliminary patent search may be necessary to satisfy some requirements, such as novelty and non-obviousness, with the help of a lawyer or agency.
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fulfillment is the process or business of handling and executing customer orders, such as packing, shipping, or processing checks. also known as: order-to-cash process group startstrue or falsetrue, unselectedfalse, unselected
The given statement is true.
Fulfillment is the process or business of handling and executing customer orders, such as packing, shipping, or processing checks. also known as: order-to-cash process - True.
The process of receiving and processing client orders and delivering the acquired goods or services to the customers is referred to as fulfillment in the business world. It includes a variety of tasks like accepting orders, packing packages, shipping packages, managing payment processing, and offering customer care.
One of the most important components of supply chain management is the fulfillment process, commonly referred to as the order-to-cash process.
An example of fulfillment in business would be an e-commerce company receiving an order for a product from a customer through its website. Once the order is received, the company's fulfillment process would begin.
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decision point: your first step you consider the situation, roll up your sleeves, and get to work. what should be the first step you take in obtaining the information you need to help ecompeteusa move up in the esports industry? select an option from the choices below and click submit. examine the secondary sources you have at hand (public and internal databases) to establish exactly what data you already have and what data you need to obtain. set up a meeting with the vp of marketing and other involved parties to define the problem that needs to be solved. create a survey to administer to baby boomers to gather primary information about their purchase intention for esports events.
The first step in obtaining the information needed to help ecompeteusa move up in the esports industry should be to examine the secondary sources at hand (public and internal databases) to establish what data you already have and what data you need to obtain. This will give you a starting point and help you determine what further information is needed to make informed decisions.
What is the decision about?The most important first step in helping ecompeteusa move up in the esports industry is to assess the existing data. This includes both publicly available and internal sources. By analyzing what data is already available and what data is still required, it will provide a framework for making decisions on the next steps.
It is also beneficial to gain insights from relevant experts in the field and research the latest industry trends. With this comprehensive data, it will be possible to create a comprehensive plan and strategy to help ecompeteusa move up in the esports industry.
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jolene is graduating from high school in may. she received from offer this which statements about the offer are true? check all that apply.
The true statements are:
A: The total cost per year is $22,300.
D: Financial aid will cover $11,000 for each year of college with no need to repay.
E: She could use money from savings or parental contributions to pay the remaining $6,300 each year.
F: She could use a student loan to pay the remaining $6,300 each year.
The concept being discussed is the cost of attending a university and the financial aid available to help cover those costs. The total cost of tuition, fees, room and board is $22,300 per year. Financial aid of $11,000 is being offered to cover part of the cost with no repayment required. The remaining $6,300 per year can be covered through personal savings, parental contributions, or student loans.
"
Complete question
Jolene is graduating from high school in May. She received this offer from a university. Financial Analysis for University Costs per Year Financial Aid Package per Year Tuition & Fees Scholarships & Grants $9,800 $11,000 Room & Board Work-Study $12,500 $5,000 Which statements about the offer are true? Check all that apply.
A: The total cost per year is $22,300.
B: She will need to repay $16,000 for each year of college.
C: Financial aid will cover $16,000 for each year of college with no need to repay.
D: Financial aid will cover $11,000 for each year of college with no need to repay.
E: She could use money from savings or parental contributions to pay the remaining $6,300 each year.
F: She could use a student loan to pay the remaining $6,300 each year.
"
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the authority function of the self-regulatory organization finra does not include: a. educating investors. b. quick resolution of disputes. c. examining firms for compliance with finra rules. d. writing and enforcing rules governing activities of all registered broker-dealers and broker-dealer firms within the u.s.
The authority function of the self-regulatory organization FINRA does not include b. quick resolutions of disputes.
The government-authorized, non-profit Financial Industry Regulatory Authority (FINRA) is in charge of regulating U.S. S. broker-dealers. Congress has given FINRA the authority to safeguard American investors by ensuring that the broker-dealer sector conducts itself honestly and fairly. In addition to supervising more than 624,000 brokers nationwide, they also examine billions of market events every day.
They keep a close eye on the market and offer crucial support to investors, regulators, policymakers, and other stakeholders by utilizing cutting-edge AI and machine learning technologies.
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a company has a margin of safety of 20%. if expected sales are $50,000, then break-even sales are: multiple choice question. $50,000
A company has a margin of safety of 20%. if expected sales are $50,000, then break-even sales are $40000
How is the margin of safety determined?The sales decline that can occur before the firm reaches the break-even point (BEP) and loses money is known as the margin of safety. This computation also provides the number of sales a company has generated over their BEP.
To calculate your margin of safety %, apply the method below:
(Actual Sales - Break Even Sales) / Actual Sales is the margin of safety.
Selling price per unit divided by (Actual Sales - Break Even Point) is the margin of safety.
$20,000
Reason: ($40,000) (50,000 X)/50,000 20%** $10,000
Reason: 40% X (50,000-X) / 50,000 $40,000
$50,000
Reason:
(50,000-X)/(50,000-20%).
x = $40,000
Then break-even sales are $40000
The complete question is
a company has a margin of safety of 20%. if expected sales are $50,000, then break-even sales are:
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given the competitive landscape in which lululemon finds itself today, what would you do if you were chip wilson?
Lululemon has to sell his shares and move away from the company.
What can be a better decision for lululemon right now?With intensive marketing and the use of sports personalities in their campaigns, Lululemon can increase its reach. The brand might be able to reach more people in the emerging market. To increase revenue, they must increase brand recognition. After lowering its margin forecast for the fourth quarter and providing a less-than-optimistic update for the prior quarter, Lululemon Athletica decreased its share price on Monday. The median price target from the 28 analysts who are providing 12-month price projections for Lululemon Athletica Inc. is 389.79, with the high estimate being 488.00 and the low estimate being 200.00. From the most recent price of 319.40, the median projection reflects a rise of +22.04%.
So, Lululemon has to sell his shares and move away from the company.
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what is the primary goal of accounting? multiple choice to provide information for decision making. to arrange for the necessary resources to achieve a plan. to motivate others to work towards a plan's success. to set long-term goals and objectives.
2nd option is correct. The main purpose of accounting is to provide the necessary resources to accomplish the plan.
Accounting is a term that describes the process of consolidating financial information so that it can be clearly understood by all stakeholders and shareholders. The primary purpose of accounting is to record and report a company's financial transactions, financial performance, and cash flow.
Accounting standards improve the reliability of financial statements. Financial statements consist of the earnings statement, stability sheet, coins go with the drift statement, and retained profits statement. Standardized reporting permits all stakeholders and shareholders to evaluate agency performance. Financial reporting calls for transparency, reliability and accuracy.
Accounting is crucial as it maintains a scientific report of an organization's economic information. Current records help users compare current financial information with historical data. A complete, consistent and accurate record allows users to evaluate a company's performance over time.
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