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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hornbeck (2010) argues that protection of private property is vital for individuals to invest and improve that land by showing ?
Hornbeck (2010) demonstrates how farmers increased investment when barbed wire was invented and argues whether private property protection are necessary for individuals to improve land.
What is the best age to start investing money?Start saving in your 30s if you put off investing in your 20s due to school loan repayment or the ups and downs of establishing a career. The possibility of compound interest working in your advantage is still quite real.
What types of investments are appropriate for those in need to make?Unless you're a specialist, you'll perform better investing your cash in low-cost products include ETFs and index funds. By putting a little investment in these funds, you might have access to an investment which is completely diversified over hundreds of firms and bonds.
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you have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $250,000. you expect to earn 12% annually on the account. how many years will it take to reach your goal? brigham, eugene f.; ehrhardt, michael c.. financial management: theory
The number of years it would take to reach your goal in a brokerage account is 15 years 10 months.
What is a brokerage account?An investor opens a brokerage account with a licenced brokerage firm, which then uses the funds the investor has deposited to conduct trades on the client's behalf. The assets are owned by the investors, who are typically obligated to report any capital gains gained from the account as taxable income, even though the brokerage fulfils orders. From a number of brokerage accounts and brokerage providers, investors can choose the model that best meets their financial needs. Most online brokers only provide a secure interface via which investors may place trade orders, and they bill investors relatively modest fees for this service, which is at the other end of the pay spectrum.
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the composition of a small xyz fund portfolio is as follows: stock shares price a 200 $35 b 300 $40 c 400 $20 the fund has not borrowed any funds, but it has accrued management fee with the portfolio managers currently totals $60. there are 3,000 shares outstanding. what is the net asset value of the mini fund?
According to the question ,the net asset value of the mini fund is $5.80.
What is net asset value?
Net asset value (NAV) is a term used to refer to the value of an entity's assets minus the value of its liabilities. This figure is typically used to measure the value of a mutual fund, exchange-traded fund, or closed-end fund. NAV is typically calculated on a daily, weekly, or monthly basis, although it can be calculated more frequently. It is calculated by dividing the total net assets of the fund by the number of shares outstanding. The NAV of a fund or portfolio is a reflection of the current market value of the underlying securities, and it is important for investors to understand that NAVs can fluctuate over time. NAV is a key indicator of a fund's performance and can be used to compare the performance of one fund to another.
Net Asset Value = (200*$35) + (300*$40) + (400*$20) - $60 = $17,400
NAV = $17,400/3,000 = $5.80
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given the anticipated inflation rate premium of 4.25% and the real rate of interest of 6.75%, what is the nominal interest rate? (set your calculator to 4 decimal places)
The nominal interest rate for given the anticipated inflation rate premium of 4.25% and the real rate of interest of 6.75%, is 11.3%.
What is interest rate?An interest rate is the amount of interest that is payable each period stated as a percentage of the amount that was lend, deposited, or borrowed. The principal amount, interest rate, frequency of compounding, and duration of the loan, deposit, or borrowing determine the total amount of interest on a sum that was lent or borrowed.
An interest rate provides information on how costly borrowing is or how profitable saving is. As a result, the amount you pay for borrowing money, stated as a percentage of the total loan amount, is the interest rate if you are a borrower.
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the most rencent financial statements for alexander co are shown below asses and costs are proportional to sales. the company maintains a constant 30 percent divident payou tratio and a consant debt equity ration what is the maximum icrease in sales that can be sustained assuming no new equity is issued?
The maximum sales increase that can be sustained if no new equity is issued is $4697.9.
What is the maximum increase in sales?In order to determine the maximum dollar increase in sales without issuing new equity, we must use the sustainable growth rate, whose formula is.
(Return on equity x Retention ratio) / [1 - (Return on equity x Retention ratio)]
In this case, we need to subtract the sustainable growth rate and multiply it by total sales.
So, first, compute the components of the sustainable growth rate -
Net income / Total equity = Return on equity
= $5,850 / 48,940
= .1195
Dividend payout ratio = 1 - Retention ratio
= 1 - 30%
= 1 - .3
= .7
Now calculate the significant growth rate =
1 - (Return on equity x Retention ratio)
= (.1195 x .7) / [1 - (.1195 x .7)]
= 0.0836/ [1 - 0.0836] .0.0836]
= 0.0836/ 0.0766
= 1.09( multiplying by 100 to make in percentage)
= 10.9%
By multiplying this by total sales we get,
Maximum increase in sales = $43,100 X 10.9%
= $ 4697.9
The complete question:
"The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 43,100 Current assets $ 17,660 Long-term debt $ 37,120 Costs 35,600 Fixed assets 68,400 Equity 48,940 Taxable income $ 7,500 Total $ 86,060 Total $ 86,060 Taxes (22%) 1,650 Net income $ 5,850 Assets and costs are proportional to sales. The company maintains a constant 30 percent dividend payout ratio and a constant debt-equity ratio. What is the maximum dollar increase in sales that can be sustained assuming no new equity is issued? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)"
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which of the following revenue generating models fall under freeconomics? question 2 options: all of the following: in-app advertising, subscriptions, traditional sales internet of things none of the other options are correct both: internet of things and traditional sales traditional sales
In-app advertising revenue-generating models fall under freeconomics.
What is In-app advertising?
In-app advertising, as the name implies, is a sales method used by companies to market their goods to customers inside an application.
Because mobile usage is mostly driven by smartphone applications, in-app advertising has grown in importance as a route for publishers to promote their content to consumers and increase downloads. It benefits both the brand and the advertising firm.
The advertisements you view while using a mobile app, such as to play a game or browse social media, are known as in-app advertisements.
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which processes include acquiring and developing the project team, performing quality assurance, distributing information, managing stakeholder expectations, and conducting procurements?
The processes you described are commonly found in project management and can be grouped into several main areas of focus in the Project Management
1. Acquiring and Developing the Project Team:
-Team planning and recruitment -Delegation of duties and responsibilities
-Providing education and training
2. Performing Quality Assurance:
-Creating a quality control procedure
-Estimate and monitor quality standards
3. Distributing Information:
-Developing a communication strategy
-Disseminating project information on a regular basis -Organizing team meetings
4. Managing Stakeholder Expectations:
-Determination of important stakeholders -Analysis of stakeholder expectations
-Creating techniques for managing expectations
5. Conducting Procurements:
-Determining procurement requirements
-Creating a request for proposal (RFP) -Evaluating bids and proposals -Negotiating contracts and agreements
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seven-eleven is attempting to duplicate the supply chain structure that has succeeded in japan and the united states with the introduction of cdcs. what are the pros and cons of this approach? keep in mind that stores are also replenished
With the implementation of CDCs, the pros of Seven-Eleven are seeking to replicate the supply chain structure that has been successful in Japan and the United States.
The disadvantage is that there are many differences between Japan and the United States, and just because a new system has been successful in Japan does not guarantee that it will be successful elsewhere. The benefits of replicating the supply chain are as follows: Being more prompt in responding to the demand issue will improve supply and demand matching. No inventory expenses Because of this, keep in mind that the United States and Japan are very different from one another in many respects, so just because a new system has been successful in Japan does not guarantee that it will be successful elsewhere.
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employee stakeholders are concerned with group of answer choices taxes, warranties, and regulations good citizenship behavior employee stock dividends wages, benefits, and job security
Employee stakeholders are concerned with D: wages, benefits, and job security.
Employee stakeholders are individuals who work for an organization and are directly impacted by its decisions and actions. Their primary concern is their own financial and job security. This includes their wages, benefits, and overall job security. They want to ensure that they are being paid a fair wage and have access to benefits such as health insurance, paid time off, and a retirement plan.
They also want to feel secure in their jobs and not be at risk of losing them due to downsizing, reorganization, or other changes within the organization. Addressing the concerns of employee stakeholders is essential for organizations to maintain a positive work environment and retain talented employees.
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to increase its economic growth, a nation should group of answer choices encourage education because that increases the quality of labor. encourage spending on goods and services. limit the number of people in college because they produce nothing. eliminate expenditure on capital goods. increase current consumption.
To increase its economic growth, a nation should encourage spending on goods and services.
The correct option is B.
Economic growth is a rise in the production of goods and services on a comparative basis between two periods of time.
The concept of economic growth is linked to development and progression in the economy.
Economic growth is the expansion of a country's ability to generate products and services over a given period of time.
Economic growth in the field of economics refers to a long-term increase in the economy's capacity for production in order to meet societal demands.
The national income and employment level of a nation are positively impacted by sustained economic expansion, which further raises living standards.
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which of the following would be considered in a cost-benefit analysis to decide if a person should cycle to work or ride the subway? (i) the air pollution that the cyclist has to breathe. (ii) the cost of subway tickets. (iii) the time it takes to cycle to work versus the time it takes to ride the subway to work. (iv) the cost per gallon of gasoline.
The correct options is (i) - (iv)
A cost-benefit study to determine whether someone should bike or use the subway to work would typically be considered in a cost-benefit analysis to decide if a person should cycle to work or ride the subway.
Cost-benefit analysis is a Systematic procedure for evaluating the cost and benefit of a given project, choice, or course of action. Finding the most cost-effective alternative and determining if the benefits of the proposed action outweigh its costs are the objectives. In order to make decisions and distribute resources effectively, cost-benefit analysis is frequently employed in public policy, business decision-making, and environmental assessments.
All of the options (i) through (iv) would typically be considered in a cost-benefit analysis to decide if a person should cycle to work or ride the subway. The analysis would involve weighing the costs and benefits of each option, such as the health benefits of cycling versus the time and cost savings of taking the subway. Factors such as air pollution, subway ticket cost, travel time, and fuel cost could all be important inputs in the analysis.
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jared has just arrived to his job interview and finds himself in a room with two other candidates and three interviewers. jared is taking part in what kind of interview?
A group interview is when many candidates are also being interviewed by the same interviewer at the exact same time.
The most approved for group interviews are in the hospitality, retail, and food service sectors and private sectors.
What is the private sector?
The private sector is the segment of the economy that is not owned by the government but rather owned by private entities, commonly as a method of establishing for-profit or nonprofit. It is sometimes referred to as the citizen sector. example Sole proprietorships are businesses owned by two or more private individuals, Small and midsize enterprises. Corporations and multinationals. Professional and trade associations. Trade unions.
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what are the 7 variables (or aspects of communication) that impact uncertainty and how does each impact uncertainty?
The answer is verbal communication, nonverbal communication, information seeking, intimacy level, reciprocity, similarity, and liking, are the 7 variables that impact uncertainty.
In plain English, what is communication?Talking, writing, listening, and reading are all forms of communication. Sharing information is also a type of communication. Good communicators pay close attention, are clear in their speech or writing, and respect the views of others.
What three ways are communication defined?There are three fundamental types of communication: Three types of communication exist: verbal communication, which involves listening to someone to understand what they mean; written communication, which involves reading what they mean; and nonverbal communication, which involves observing someone and drawing conclusions about what they are trying to say.
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the use of this type of deed has largely been supplanted by a grant deed due to the practice of securing title insurance policies, which have reduced the importance of express warranties in deeds?
Yes, the use of the Quitclaim Deed has largely been replaced by a Grant Deed due to the increased availability of title insurance policies.
What is insurance policies?Insurance policies are legally binding contracts between an insurance company and an individual or business. These contracts outline the terms and conditions of the insurance coverage, including the type and amount of coverage, the premiums that must be paid, and the terms of payment.
When a property is sold using a Quitclaim Deed, the seller does not provide any warranties related to the title of the property, meaning that the buyer is taking on a significant risk in trusting that the deed is good and valid. Title insurance policies provide the buyer with financial protection in the event that any problems with the title arise in the future. By contrast, a Grant Deed does provide the buyer with certain warranties, such as that the property is free from encumbrances and third-party claims. As such, many people prefer the extra protection offered by the Grant Deed, even if it means paying a little extra for the title insurance policy.
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dana is an seo freelancer working with a client who is redesigning their website. the client's designer has come up with a design that uses four custom fonts, but dana voices their concern that this could have a negative impact on the site's performance. how can dana explain this issue to their client, and what solution can they propose?
By pointing out that each font necessitates a separate file to be downloaded by the browser, which increases the size of the website overall, Dana can explain to the client the problem with having numerous unique fonts.
Dana is a freelance SEO expert that works with clients to raise the visibility and rating of their websites on search engines. Dana is a search engine optimization (SEO) specialist with in-depth knowledge of search engine algorithms, keyword research, on-page optimization, link building, and other crucial SEO components. They make use of this information to assist their clients in boosting organic traffic and enhancing their internet visibility. Dana is a talented problem-solver who can comprehend their clients' demands and collaborate closely with them to accomplish their objectives. Additionally, they have the ability to clearly and concisely explain complicated technological challenges to clients who are not technically savvy, ensuring that everyone is on the same page.
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a brother and a sister held record title to a home as joint tenants with right of survivorship. the brother moved out of the home shortly after conveying his interest in the home to his friend by quitclaim deed. the friend did not record his deed. several years later, the sister died, leaving her adopted daughter as her sole heir. shortly after the sister died, the brother asked his friend to return his deed and give up his interest in the home. the friend agreed and returned the deed, which the brother destroyed. who has title to the home?
The friend and the daughter as co-tenants has the title to the home.
An inter vivos conveyance by one joint tenant of his undivided interest destroys the JT so that the transferee takes the interest as a tenant in common and not as JT.
Here, when the brother convey-ed his interest to the friend, JT b/t bro and sister was sever-ed. At that point, the fri-end and the sister held title to the home as TIC. The adopt-ed daughter then inherit-ed the sister's interest upon the sister's dea-th. Because deli-very of a deed cannot be cancel-ed, the friend's return and subsequent destruct-ion of his deed has no eff-ect.
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Business analytics certifications in high demand include _____.
a. AJAX, C#, and Sharepoint
b. SAP Business Objects, Hadoop, and Ruby on Rails
c. Cisco, LINUX/UNIX, and CISSP
d. .NET, PHP, and Java
Business analytics certifications in high demand include SAP Business Objects, Hadoop, and Ruby on Rails (Option B).
What is Business analytics?SAP Business Objects is a popular business intelligence platform used by organizations to analyze data and make informed business decisions. Hadoop is an open-source big data analytics platform, which is in high demand as organizations seek to better understand and process large volumes of data. Ruby on Rails is a popular web development framework that enables businesses to build web applications quickly and effectively.
Therefore, Having certifications in these technologies can help professionals demonstrate their expertise and increase their marketability in the field of business analytics. As the demand for data-driven decision-making continues to grow, the demand for professionals with these skills and certifications is also likely to increase.
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the current one-year treasury bill rate is 0.30 percent and the expected one-year rate 12 months from now is 1.00 percent. according to the unbiased expectations theory, what should be the current rate for a two-year treasury security? (do not round intermediate calculations. round your percentage answer to 2 decimal places. (e.g., 32.16))
Current rate for two-year Treasury security is 0.82%
What is Treasury security?Treasuries security including T-bills, notes and bonds - are debt securities issued by the US Treasury. Treasuries are considered one of the safest investments because they are backed by the full faith and credit of the US government.
The United States Department of Treasury issues United States Treasury securities, often known as Treasuries or Treasurys, as a form of tax-free financing for the federal government.
There are 3 types of Treasury security
Treasury bonds. Short-term interest-free securities (zero coupons) with a maturity of only a few days (called cash management notes), four weeks, 13 weeks, 26 weeks, or 52 weeks. ...
Treasury notes.
Government Bonds
=[(1+ 0.30%) (1+1.0%)]^1/2 - 1 = 0.8166% or 0.82%
So current rate for two-year Treasury security is 0.82%
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the quantity demanded of a good of service is the amount that: select one: a. a consumer needs to consume during a given time period. b. consumers are willing and able to buy at a given price. c. firms are willing to sell during a given time period at a given price. d. a consumer would like to buy but might not be able to afford.
The correct answer is option b. The quantity demanded of a good of service is the amount that consumers are willing and able to buy at a given price.
Demand can simply means a consumer's desire to buy certain goods and services without any hesitation and pay the price for it. In other words, demand is referred as the number of goods that the customers are ready and willing to buy at several prices during a given time frame.
The quantity demanded (qD) is ususally a function of five factors—
price, buyer income, the price of related goods, consumer tastes, and any consumer expectations of future supply and price.As these factors change, so does the quantity demanded.
There are following types of demand-
Composite demand. Short-run and long-run demand.Price demand. Income demand. Competitive demand.To know more about demand refer to-
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paul is hired by soprano as a security guard. at the time of hiring, paul signs an agreement that relieves soprano from workers' compensation liability. this agreement is most likely:
Paul works as a security guard for soprano. Paul signs a document at the time of hire that absolves Soprano of workers' compensation responsibility. This agreement probably violates public policy, making it unenforceable.
Describe liability.
An commitment that an individual or organisation has, notably one that is pecuniary in nature, is known as a liability. In the end, liabilities are compensated by the provision of economic aspects like cash, products, or services.
Debt Liabilities on the right side of the balance sheet encompass debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties, and accumulated costs.
Assets and liabilities are similar notions. Assets are items you own or owe money to, whereas liabilities are debts or other commitments. An unwritten agreement between two parties liabilities are frequently met or paid for. In the world of accounting, an obligation is identical to a financial liability, but it is more clearly described by prior business transactions, events, and sales.
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what is the appropriate interest rate and number of time periods to use to find the monthly payment for a 5-year car loan at 3.6% compounded monthly?
The appropriate interest rate is 3.6% and the number of time periods to use is 60 months (5 years x 12 months).
What is the interest ?Interest is the amount of money paid by a borrower to a lender for the privilege of using the lender's money. The amount of interest depends on the amount of money borrowed, the length of time it is borrowed for, and the rate of interest. Interest is typically expressed as a percentage of the amount borrowed and is usually paid periodically, such as annually, quarterly, or monthly.
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marginal benefit is: multiple choice question. the total benefit associated with one more unit of an activity. the additional benefit associated with one more unit of an activity. the opportunity cost associated with one more unit of an activity. the opportunity benefit associated with one more unit of an activity.
Marginal benefit is:
The additional benefit associated with one more unit of an activity.
Marginal benefits are the maximum amount a consumer will pay for an additional good or service. A marginal benefit is also the additional satisfaction that a consumer receives when the additional good or service is purchased. The marginal benefit generally decreases as consumption increases.
Let's say a pair of pants is being sold for $50. However, you're willing to pay $60 for the pair. The marginal benefit in this instance is $60 because that's the most you're willing to pay for that pair of pants. This means the marginal benefit is $10 higher than the actual selling price.
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the constant-growth valuation model is based on the premise that the value of a share of common stock is
The constant-growth valuation model is based on the premise that the value of a share of common stock is equal to the present value of all expected future dividends.
The Constant Growth Model is a method of valuing stocks. It is also known as the Gordon Growth Model because it presumes that the company's dividends will continue to grow at a constant rate indefinitely. It assists investors in determining the current fair value of a stock based on expected dividend payments.
For a company that pays a steadily increasing dividend, the fair value of the stock can be estimated using a formula that considers the constantly increasing payout to be responsible again for stock's value. The Required Rate of Return (RRR) is indeed the minimum return on investment that investors are willing to accept in order to keep the stock.
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if you were doing business in the u.s. with someone who was born there, how might you nonverbally convey trustworthiness?
Make eye contact up front. Copy the stance and mannerisms of the other person. When they converse, they nod and smile.
What function does this nonverbal communication serve in professional interactions?Learning about nonverbal communication and its possible advantages can help business owners. The value of nonverbal communication in business resides in the potential it offers to communicate with coworkers, rivals, clients, and potential clients in ways other than through the use of words.
In order to demonstrate consistency and reliability, body language, verbal intonation, and eye contact can provide subliminal messages that support what is being spoken.
According to Thunder Tech, another advantage is that nonverbal communication can show confidence, zeal, and professionalism through wardrobe choice, active listening cues, and the capacity to communicate a message.
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gugenheim, inc., has a bond outstanding with a coupon rate of 6.9 percent and annual payments. the yield to maturity is 8.1 percent and the bond matures in 25 years. what is the market price if the bond has a par value of $2,000?
The market price of a bond can be calculated using the formula for present value, which is the value of a future cash flow discounted to today's dollars.
To calculate the market price of the bond, we need to determine the present value of the bond's future cash flows, which consist of its coupon payments and its return of principal at maturity.
The coupon payment for the bond can be calculated as follows:
Coupon payment = Coupon rate * Par value / Number of payments per year
Coupon payment = 6.9% * $2,000 / 1
Coupon payment = $138
The present value of the coupon payments can be calculated as follows:
Present value of coupon payments = Coupon payment * (1 - (1 + Yield to maturity / Number of payments per year)^(-Number of years * Number of payments per year)) / (Yield to maturity / Number of payments per year)
Present value of coupon payments = $138 * (1 - (1 + 8.1% / 1)^(-25 * 1)) / (8.1% / 1)
Present value of coupon payments = $2,776.54
The present value of the return of principal can be calculated as follows:
Present value of return of principal = Par value / (1 + Yield to maturity / Number of payments per year)^(Number of years * Number of payments per year)
Present value of return of principal = $2,000 / (1 + 8.1% / 1)^(25 * 1)
Present value of return of principal = $1,145.76
The market price of the bond can be calculated as the sum of the present value of the coupon payments and the present value of the return of principal:
Market price = Present value of coupon payments + Present value of return of principal
Market price = $2,776.54 + $1,145.76
Market price = $3,922.30
So, the market price of the bond is $3,922.30.
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if the daily cost per unit of producing a product by the ace company is 25 0.2x dollars, and if the price on the competitive market is $80, what is the maximum daily profit the ace company can expect on this product?
The maximum daily profit the Ace Company can expect from this product is $54.80 ($80 - $25.20 = $54.80).
What is the profit ?Profit is the difference between the total revenue and the total costs incurred in producing and selling a product or service. It is a measure of the efficiency and performance of a business. Profit is the monetary gain that is earned when the revenue of a business exceeds the costs incurred in producing and selling the goods or services. It can be used to measure the performance of an organization and its managers. Profit is important for businesses because it can be used to reinvest in the business, cover expenses, pay employees, and increase shareholder value.
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how long will it take you to double your money if you invest it at a rate of 8% compounded annually math work
It will take approximately 9.15 years to double your money with an 8% annual rate of return.
To double your money with an 8% annual rate of return, you can use the formula:
[tex]P = P0 * (1 + r)^n[/tex]
where:
P is the final amount (the amount after t years)
P0 is the initial amount (the amount at t=0)
r is the annual interest rate (expressed as a decimal)
n is the number of years
Setting P = 2P0, we can solve for n:
[tex]2P0 = P0 * (1 + r)^n[/tex]
[tex]2 = (1 + r)^n[/tex]
[tex]n = log2 / log(1 + r)[/tex]
For r = 0.08 (8% annual interest rate), [tex]n = log2 / log(1 + 0.08) = 9.15[/tex] years.
So it will take approximately 9.15 years to double your money with an 8% annual rate of return.
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if allowance for doubtful accounts has a $800 credit balance, the adjustment to record the bad debt expense for the period will require a
Some creditors are unable to make payments to the firm. Bad debt is the amount of uncollected account receivable. The bad debt is accounted for in the income statement.
The estimated uncollectible is $3,000. It indicates that after adjustment, the credit amount in the allowance for doubtful debt accounts should be $3,000.
The current sum in questionable accounts is $800. (debit)
So, if the closing balance is $3,000, the adjusting entry should be:
Particulars Credit ($) Debit ($)
bad debt expenses 3,800
for allowance for questionable accounts 3,800
$3,800 in debit to bad debt charges.
When you receive money that was previously written off as uncollectable, you must reverse the write-off item and record the payment. Reverse the write-off item by debiting the accounts receivable account and crediting the allowances for doubtful accounts account. For example, if the Allowance for Doubtful Accounts now has a credit balance of $2,000 and you estimate there is a total of $2,900 in Accounts Receivable that will not be collected, you must add $900 to the Allowance for Doubtful Accounts. You must debit bad debt expenditure and credit allowance for questionable accounts to record bad debt expenses. There is no counter asset account to record bad debt charges when using the write-off technique. As a result, the whole sum in accounts receivable will be recorded on the balance sheet as a current asset.
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if nominal gdp is $200 and the interest rate is 6 percent, the total amount of money that households and businesses will want to hold is
The sum of money that families and corporations will wish to hold approximately $140 if nominal gdp are $200 as well as the rate of interest is 6%.
What are real and nominal GDP?Nominal GDP is the data collected in today's money, without the effects of inflation. Real GDP eliminates any distortion brought on by deflation or inflation by adjusting the statistics by fixing the value of the currency.
What's really nominal GDP explained simply?The value of all commodities and services produced during a particular time frame less the value of the those created throughout the production process is the nominal GDP, to put it simply. GDP measures the monetary worth of all the services and goods a nation produces. One metric for assessing the health of the economy is nominal GDP.
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what is the primary reason unbanked households do not have a bank account?
There are numerous reasons why individuals avoid banks, but fees or minimum balance limitations were named as the main one by 29.2% of unbanked households.
Which account is usually opened for unbanked persons?Through financial literacy programmes, PMJDY provides unbanked individuals with simple access to banking services and financial product knowledge. They also receive a RuPay debit card with a Rs. 1,000 accident insurance benefit.
What is an example of unbanked?Unbanked people are those who don't use traditional financial services like checking or savings accounts and frequently transact in cash while using alternative financial services like payday loans or check cashing.
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