If you utilize the pricing formula You add all the variants to the formula. Price equals the average cost which is $100 The required net income is $5,000 The Loss on fee scheduled payers is $950 Divide this by the Volume of Charge.
What is net income?Net income (NI), also known as net profits, is calculated by deducting sales from cost of goods sold, selling, general and administration costs, operating expenses, depreciation, interest, taxes, and other expenses. This number may be used by investors to gauge how much the company's revenue exceeds its expenses. This number, which serves as a gauge of a business' profitability, may be seen on the income statement.
Net income is used by businesses to calculate their earnings per share. Net income is usually referred to as the bottom line by business analysts since it is the figure at the bottom of the income statement. Analysts in the UK call NI profit attributable to shareholders. Individual taxpayers in the US report their annual income on Form 1040 to the IRS.
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Snow Cat manufactures snowmobiles and uses activity-based costing to allocate overhead cost to produce snowmobiles, the company uses four activities. It sets up machines to produce batches of components. Assembly line employees assemble products. Completed snowmobiles are inspected for quality. Maintenance workers clean the factory after production finishes at the end of eac day. 1. If $64,000 of Setup is used as an activity cost pool, which of the following would be used as a cost driver? 2. If $234,000 of Assembly is used as an activity cost pool, which of the following would be used as a cost driver? 3. If $74,000 of Inspection is used as an activity cost pool, which of the following would be used as a cost driver? 4. If $44,000 of Maintenance is used as an activity cost pool, which of the following would be used as a cost driver? Activity 1. Setup 2. Assembly 3. Inspecti 4. Maintenance Activity Cost Driver Number of setups Direct labor hours Number of inspections Number of orders Design modifications Engineering hours Number of orders Square feet Snow Cat manufactures snowmobiles and uses activity-based costing to allocate overhead cost. To produce snowmobiles, the company uses four activities. It sets up machines to produce batches of components. Assembly line employees assemble products. Completed snowmobiles are inspected for quality. Maintenance workers clean the factory after production finishes at the end of each day 1. If $64,000 of Setup is used as an activity cost pool, which of the following would be used as a cost driver? 2. If $234,000 of Assembly is used as an activity cost pool, which of the following would be used as a cost driver? 3. If $74,000 of Inspection is used as an activity cost pool, which of the following would be used as a cost driver? 4. If $44,000 of Maintenance is used as an activity cost pool, which of the following would be used as a cost driver? Activity Cost Driver Number of setups Activity 1. Setup 2. Assembly 3. Inspection 4. Maintenance Design modifications Direct labor hours Number of inspections Square feet
1. If $64,000 of Setup is used as an activity cost pool, the cost driver would be Number of setups.
What is cost pool?
Cost pool is a method of accounting wherein all overhead costs related to a certain activity are grouped together and allocated to products produced by the same activity. The cost pool is typically a collection of indirect costs that are not easily attributable to individual products. The cost pool allows businesses to allocate overhead costs to their respective products in a more accurate and equitable manner. It is important to note that cost pooling helps to ensure accurate pricing of products and to prevent overcharging or undercharging.
2. If $234,000 of Assembly is used as an activity cost pool, the cost driver would be Direct labor hours.
3. If $74,000 of Inspection is used as an activity cost pool, the cost driver would be the Number of inspections.
4. If $44,000 of Maintenance is used as an activity cost pool, the cost driver would be Number of orders.
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which of the following sentences use clear and correct pronoun references? check all that apply. kristen asked stasia for her notes on value maximization. value maximization is a concept that everyone should know and understand. this will be important for your success. those should be given to him when they return from lunch. during the team-building workshop, employees were asked to list their values and aspirations. this exercise was revealing and productive.
one of the following sentences references pronouns in an appropriate and clear way? Please tick all that apply. Stasia's notes on value maximization were requested by Kristen.
What are in references?
Which of the following sentences uses the proper pronouns in a clear and concise manner? Check the boxes that apply. Stasia was requested for her notes on value maximization by Kristen.
References are individuals who can attest to your character, abilities, work habits, and professional experience. You should be selective while choosing your recommendations. You could be requested to offer the names of persons a potential employer can get in touch with to learn more about you as part of the job search process.
It contextualizes your work, exemplifies the range and depth of your study, and acknowledges the contributions of others.
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Which of the following predictions appear(s) to follow from a model based on the assumption that rational, self-interested individuals respond to incentives? a. For every ten exam points Myrna must earn in order to pass her economics course and meet her graduation requirements, she will study one additional hour for her economics test next week. b. A coin toss will best predict Leonardo's deci- sion about whether to purchase an expensive business suit or an inexpensive casual outfit to wear next week when he interviews for a high- paying job he is seeking. c. Celeste, who uses earnings from her regularly scheduled hours of part-time work to pay for her room and board at college, will decide to purchase and download a newly released video this week only if she is able to work two addi- tional hours.
This is a Model. The reason behind this is the decision or the conclusion made is base on the realistic data collected. It states that the person has to spend one additional hour in order to earn 10 exam points or exam requirements.
Wht is mpdel?This is not a model. The reason behind this is the decision whether to purchase an expensive business suit or inexpensive one do not involve any realistic data. Also. the test used in the decision making process is tossing a coin; which is no way connected to the data collected. In this case. the decision making process is probability test which is the statistical process of obtaining a decision but it is no way empirical.
Part c.
This is a Model. The reason behind this is the decision making process involves past realistic data. In this case. the person allocates her total income to pay her college and room. Her decision to buy a DVD involves working two additional hours is an empirical testing which can be determined using the given data.
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one of the challenges of a fictitious revenue scheme is that it results in an overstatement of liabilities.True or False
One of the challenges of a fictitious revenue scheme is that it results in an overstatement of liabilities. True
What does fictitious income mean?Fictitious Revenues: Fictitious Revenues are the results of sales of products or services that never took place. Fake invoices are one type of fictitious invoices; other types may also include real clients. Even if no items have been delivered and no services have been given, a false invoice can nonetheless be created for a valid customer.
What should you be wary about with fake revenue?A disproportionate rise in accounts receivable in comparison to sales, significant and aged accounts receivable amounts, and subpar cash flow from operations are classic red flags in cases of bogus revenue.
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The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared?
If a $2 per share dividend is declared, $100,000 in cash dividends will be paid.
Define the term Cash Dividend?A dividend that is only given to stockholders in cash is known as a "ash dividend." It refers to the portion of the company's profits that is distributed to the shareholders as a dividend. The dividend is deducted from the share price following the dividend payment.For calculating the cash dividend payment amount. To begin, you must determine how many shares were outstanding just at time of the dividend declaration:
No. of the Share outstanding = No. of the shares issued − No. of the shares acquired
= 60,000 - 10,000
= 50, 000
Total amount of the Cash Dividend = No. of share outstanding × Dividend per share
= 50,000 x 2
= 100,000
Thus, if a $2 per share dividend is declared, $100,000 in cash dividends will be paid.
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when firm a firstly issued 1 million shares through ipo, firm a raised $10/share so it totally raised a $10 million equity fund. now the market price for firm a's stock is $50/share, so today firm a raises a total of $50 million from shareholders. explain.
It was not possible to raise the whole $50 million from shareholders.
What Is an Initial Public Offering (IPO)?A private corporation may issue new shares to the public for the first time through a process known as an initial public offering (IPO). An IPO enables a business to attract equity funding from the general public.
The corporation doesn't receive any cash when the IPO profits are completed. If the share price rises, this indicates that capital has increased or that shareholders' wealth has increased. The company's market value of $50 million should not be represented by any cash flow.
It displays the value of the business, and the same information should be used when making a purchase. In light of this, we may say that a total of $50 million in shareholder funding was not possible.
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senior leadership at a major telecommunications firm is working to design a balanced scorecard to better monitor and evaluate its business performance. when creating a balanced scorecard that depicts the company from a(n) perspective, senior management selects critical business indicators that include improving operating efficiency, launching new products, continuous improvement, and empowering the workforce.
A balanced scorecard is a strategic management performance statistic that aids businesses in identifying and improving internal processes that support their external objectives.
What does "balanced" actually mean?
When you describe someone as being well-balanced, you're suggesting that they are smart and do not struggle with many emotional problems. Synonyms: rational, calm, well-adjusted, and logical Additional options for well-balanced
Standing straight on the ledge, I. He had a football balanced on his head. Your ability to balance may be impacted by your current drugs. In moderation, combine spicy and healthy meals.
In order to have a balanced life, you must be able to attend important personal events and get home after finishing your daily activities.
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assign the correct functions of money to each example below. note that more than one function may be assigned to a box.
a.) A Rembrandt painting: Store of Value
b.) A Starbucks gift card: Medium of exchange
c.) A credit card: Medium of exchange
d.) A subway token used in the subway system: Unit of Account
e.) Cigarettes in a POW camp: Unit of Account
A Store of Value is anything that gains value through time rather than losing it. Gold and other precious metals are outstanding value investments because they have nearly unlimited shelf lives. To be a trustworthy store of value, a nation's currency needs to have a healthy economy.
A Medium of exchange is a device or system that acts as a middleman between two parties to enable the exchange of goods and services. A system must represent a standard of value in order to serve as a medium of exchange. Additionally, that criteria must be agreed upon by all parties to the transaction.
Anything that may be used to calculate, record debts, and value goods and services are referred to as a Unit of Account. As an alternative, value metrics, and Money-related factors make up three important account unit characteristics.
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The complete question is:
What are the three functions of money
a.) A store of value, a medium of exchange, a unit of account
b.) A store of value, a bank reserve holding, a medium of exchange
c.) A medium of exchange, a unit of account, a demand deposit
d.) A medium of exchange, a demand deposit, a bank reserve holding
e.) A store of value, a medium of exchange, a unit of account
Assign the correct functions of money to each example below
1.) A Rembrandt painting
2.) A Starbucks gift card
3.) A credit card
4.)A subway token used in the subway system
5.) Cigarettes in a POW camp
One way to do market research is to look at what other companies are
doing to market the same types of products and services.
O True
Another way to do market research is to conduct surveys of potential customers or focus groups to get feedback on products or services.
O True
which of the following is defined by the scope of a risk management plan? select one. question 1 options: boundaries swot goals consideration
A threat administration plan archives the total process, such as identification, evaluation, and risk mitigation.
It additionally consists of danger manage monitoring, cost-benefit analysis, and financial impacts. In contrast, a danger evaluation is a particular phase of the threat administration process.
What is the scope of a chance assessment?The reason and scope of the chance assessment need to be aligned with the organization's threat administration procedure that takes into consideration both internal and external elements that have an effect on security and enterprise performance.
A scope administration plan outlines the strategies worried in executing your challenge and serves as a guiding principle to preserve the task within precise limits. As a project manager, it's your responsibility to guide your crew via the project life cycle.
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https://brainly.com/question/13778282#SPJ4The economic way of thinking is best described as
A.
a set of economic rules handed down from one generation to the next.
B.
the glossary of terms at the back of your textbook.
C.
the collected writings of the economics Nobel Prize winners.
D.
an analytical framework enabling one to reach informed conclusions.
Suppose
a student
is trying to decide whether or not to
take another economics class another .
Which of the following is not an aspect of the economic way of thinking that would apply in this? decision-making process?
A.
Responding to incentives.
B.
Flipping a coin.
C.
Rationality.
D.
?Self-interest.
To which of the following? household-type(s) does the phrase? "unlimited wants'
and 'limited resources'
?apply?
I. A? low-income household
II. A? middle-income household
III. A? high-income household
A.
II only .
B.
I only.
C.
Both I and? II, but not III.
D.
?I, II, and III.
One reason that economists use microeconomics as the basis of macroeconomic analysis is
A.
microeconomic analysis was developed before macroeconomic analysis.
B.
macroeconomics is just microeconomics applied to different questions.
C.
that all choices are made by individuals and firms.
D.
that the small details are more important than the large overview.
The three fundamental economic questions that a nation addresses in order to allocate? society's scarce resources include all of the following ?except:
A.
For whom will the items be? produced?
B.
What and how much will be? produced?
C.
How will the items be? produced?
D.
Why will the items be? produced?
The economic way of thinking is best described as An analytical framework enabling one to reach informed conclusions.
What is the economic way of thinking ?A decision that best satisfies the wants of the person making it while making best use of the resources at hand.Critical Analysis of Economics:It is founded on the rational norms used for an objective approach that is self-disciplined, self-monitored, and self-corrected when evaluating factual facts.It is often believed that economics is a selfish discipline and style of thinking. This is mostly explained by the notion that people always act in their own best interests and consider these interests while making decisions.The economic way of thinking is best described as An analytical framework enabling one to reach informed conclusions.The complete question is
The economic way of thinking is best described as
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provide one example of management information systems in the private sector and one in the public sector.
Automated bank tellers, library checkout machines, are some examples of MIS in the public sector. Private sector - Call Centers for order processing, such as for an e-commerce company, and billing.
What is MIS?The division in charge of the hardware and software platforms utilized for crucial business decisions within an organization is known as MIS (management information systems). Information technology as a whole was once housed under the MIS department. Business schools and practitioners referred to MIS rather than IT from the 1960s through the early 1980s. IMIS is the name of a piece of computer software that is used to store, organise, and analyse data. Sales, inventories, equipment, and other business-related data are tracked using management information systems. Mainframe computers were once used to run management information systems. MIS transitioned to running on client/server systems as computing technology advanced. MIS is frequently used today and frequently runs in the cloud or a hybrid cloud.
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generally speaking, as the firm progresses through the industry life cycle you would expect the pvgo to as a percent of share price. multiple choice question. stay the same no typical pattern can be expected decrease increase
The pv should increase as a percentage of share price as the company moves through the industry life cycle, but no typical pattern may be anticipated.
Add the original purchase price to the selling price. The consequence is difference in outcomes.
Divide the investment's gain or loss by its initial value, which is typically its acquisition price.
To get the percentage change in the investment, multiply the figure by 100.
A loss on the investment occurs if the percentage turns out to be negative since the market value is less than the original purchase price, also known as the cost basis.
The dollar equivalent of the gain will be calculated based on the percentage gain or loss.
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true/false. the firm which sets the dominant product design goes on to be the most profitable firm in the industry.
The given statement ''The firm which sets the dominant product design goes on to be the most profitable firm in the industry.'' is false.
What is a firm in business?A company that offers professional services and is for-profit, such as a corporation, limited liability company (LLC), or partnership, is called a firm. The majority of businesses only have one actual location.
A firm is a company that operates with the goal of making money by providing products and services. Both the terms firm and business are appropriate. Different business structures, such as corporations or single proprietorships, are available.
A firm is a company that generates revenue by providing goods and services, typically consulting services.
A company can take any shape. A single proprietorship, partnership, limited liability company, or corporation are some types of businesses.
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The market demand schedule or curve for a product shows the relationship between how much of the product buyers are willing and able to buy and theA. product's price.B. buyers' incomes.C. cost of producing the product.D. time period, say, from one month to the next.
A. product's price. The market demand curve, often known as the schedule, depicts the relationship between the quantity of a product that consumers are willing and able to purchase and its price.
The link between the quantity of a product that customers are willing and able to buy and the product's price is shown by the market demand schedule or curve. Demand declines as a result of people becoming less inclined to buy the goods when its price rises. On the other hand, when the product's price drops, more people are eager to buy it, driving up demand. The market demand curve, which is a visual depiction of the market demand schedule, is frequently used to assist businesses in deciding on the best price to charge for their goods. The demand schedule and curve don't account for things like buyer income levels or product production costs.
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which of the following best summarizes the way in which the development of the factory system and the development of new transportation infrastructure such as railways worked together as factors facilitating british industrialization?
In order to produce things more effectively and affordably and to deliver them to new markets, the factory system and new transportation infrastructure, such as railways, were developed. This aided British industrialization.
The factory system is a production strategy that makes use of machinery and labour division.
Factories are often privately held by affluent individuals or corporations who employ the operative labour due to the high capital cost of machinery and factory buildings.
Examples include hammer forges, glassworks, breweries, and early paper mills, where people cleaned woollen cloth.
At the outset of the Industrial Revolution in the late 1700s, the factory system was initially implemented in Great Britain.
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suppose the price of peanut butter increases sharply. how will this influence the market for jelly? supply and demand graph
If peanut butter is subject to a tax, the price of jelly will rise and jelly demand would fall.
Considering the market for a typical good like peanut butter. assuming that there is near-perfect competition in this market. Jelly's demand declines as its price increases.
A typical good is one that has an increase in demand as a result of increased consumer income. In other words, demand for common goods increases as earnings increase, while demand decreases as incomes or employment levels decline. In contrast to the quality of the good itself, the term "normal good," often referred to as "necessary good," refers to the degree of demand for a good in relation to wage growth or contraction.
The relationship between income and demand for a typical good is elastic. Demand changes and income changes are positively correlated or move in the same direction, for better or worse.
The income elasticity of demand measures how much the amount of a good's demand varies in response to a change in income. Understanding how changing levels of purchasing power influence alterations in consumption patterns is useful.
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hart manufacturing makes three products. each product requires manufacturing operations in three departments: a, b, and c. the labor-hour requirements, by department, are as follows: during the next production period, the labor-hours available are 450 in department a, 350 in department b, and 50 in department c. the profit contributions per unit are $25 for product 1, $28 for product 2, and $30 for product 3. formulate a linear programming model for maximizing total profit contribution. if required, round your answers to two decimal places. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300) let pi
The linear programming model for maximizing total profit contribution for all 3 departments is subject to X₁, X₂, X₃ ≥ 0.
How to formulate linear programming?To formulate a linear programming model for maximizing total profit contribution for Hart Manufacturing, we can use the following variables:
X₁ = number of units of product 1 produced
X₂ = number of units of product 2 produced
X₃ = number of units of product 3 produced
Then, we can write the objective function as:
Maximize Z = 25X₁ + 28X₂ + 30X₃
Subject to the following constraints:
Department A:
Labor hours required for product 1 in department A = 2 hours
Labor hours required for product 2 in department A = 4 hours
Labor hours required for product 3 in department A = 3 hours
2X₁ + 4X₂ + 3X₃ ≤ 450 (hours available in department A)
Department B:
Labor hours required for product 1 in department B = 3 hours
Labor hours required for product 2 in department B = 5 hours
Labor hours required for product 3 in department B = 2 hours
3X₁ + 5X₂ + 2X₃ ≤ 350 (hours available in department B)
Department C:
Labor hours required for product 1 in department C = 1 hour
Labor hours required for product 2 in department C = 1 hour
Labor hours required for product 3 in department C = 3 hours
1X₁ + 1X₂ + 3X₃ ≤ 50 (hours available in department C)
Non-negativity constraints:
X₁, X₂, X₃ ≥ 0 (only positive values are allowed)
Thus, the linear programming model for maximizing total profit contribution for Hart Manufacturing is as follows:
Maximize Z = 25X₁ + 28X₂ + 30X₃
Subject to:
2X₁ + 4X₂ + 3X₃ ≤ 450
3X₁ + 5X₂ + 2X₃ ≤ 350
1X₁ + 1X₂ + 3X₃ ≤ 50
X₁, X₂, X₃ ≥ 0.
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prepare an income statement for franklin kite company. take your calculations all the way to computing earnings per share. note: round eps answer to 2 decimal places. input all your answers as positive values. sales $ 1,570,000 shares outstanding 108,000 cost of goods sold 970,000 interest expense 20,000 selling and administrative expense 47,000 depreciation expense 30,000 preferred stock dividends 87,000 taxes 113,000
Income Statement of Franklin Kite Co. Particulars Amount (in $) Sales 1110000 Less: Cost of Goods
Calculations all the way to computing earnings per share?
Particulars Amount ($)
Sales 900,000
Less: Cost of goods sold 400,000
Gross profit 500,000
Less: Selling and administrative expenses 60,000
Less: Depreciation expenses 20,000
Less: Interest Expenses 40,000
Operating income 380,000
Less:Taxes 50,000
Net income after tax 330,000
Less: Preferred stock dividend 80,000
Income available for shareholders 250,000
No. of shares outstanding 50,000
Earnings per Share 5
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alexis owns a fried chicken restaurant, tender times. when her area is rezoned from commercial to residential, alexis is allowed to continue operating tender times in the same location.
Alexis owns a fried chicken restaurant, tender times. when her area is rezoned from commercial to residential, Alexis is allowed to continue operating tender times in the same location. The ype of property use called is Nonconforming use
What is Nonconforming use?
In urban planning, a nonconforming use is a sort of zoning variance in which a parcel of property may be granted a zoning exception because of changes done by a previous owner or before the current zoning rules deemed the desired use non-conforming under local law.
A request for a variance is made by a property owner to depart from the present zoning regulations for a variety of reasons. A local governing body enacts a zoning legislation, sometimes known as a zoning ordinance, to specify the permitted uses of land in a specific area or zone.
When the use of one's land, building, or structure is not permitted by the current zoning by-law but is permitted by a former by-law, it is said to be a legal non-conforming use.
Existing uses and locations that do not comply with the surface water zones at the time the bylaw was adopted are grandfathered and are regarded as legally non-conforming.
Section 910 of the Local Government Act governs nonconforming usage and location.
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under the health insurance portability and accountability act the employees new group health plan will
That required the creation of national standards to protect sensitive patient health information from being disclosed without the patient's consent or knowledge.
What is the Healthcare Health Insurance Portability and Accountability Act?The Health Insurance Portability and Accountability Act (HIPAA) is a federal law that is adopted as United States legislation that offers data privacy and security protections for protecting medical information.To improve efficiency in the healthcare industry, to improve the portability of health insurance, to protect the privacy of patients and health plan members, and to ensure health information is kept secure and patients are notified of breaches of their health data.HIPAA is the federal Health Insurance Portability and Accountability Act of 1996. The primary goal of the law is to make it easier for people to keep health insurance, protect the confidentiality and security of healthcare information and help the healthcare industry control administrative costs.To learn more about HIPAA refers to:
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Payments in a partial amortization loan are based on the amortization period, not the loan period. The remaining balance is then ______.
Payments in a partial amortization loan are based on the amortization period, not the loan period. The remaining balance is then due in a lump sum payment, also known as a "balloon payment," at the end of the loan period.
In a partial amortization loan, only a portion of the loan is amortized over the loan period, meaning that only a portion of the loan is paid off through regular payments. The remaining balance is due in a lump sum payment at the end of the loan period. This type of loan can be useful for borrowers who expect their income to increase significantly over the loan period, allowing them to pay off the remaining balance in a lump sum. However, it can also be risky, as the borrower may not be able to make the lump sum payment when it is due, which could result in default.
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the demand curve faced by zoomba is identical to which of its other curves? check all that apply. marginal revenue curve average revenue curve marginal cost curve supply curve
The demand curve for Zoomba is the same as its other curves. the revenue average and marginal curves.
What is meant by demand curve?The functional connection between the price of a commodity and its demand is explained by the law of demand. The demand curve is the most significant illustration of this relationship. The inverse relationship between price and demand is the reason why this curve is always downward sloping. In economics, a demand curve is a graph that shows the relationship between a commodity's price and the amount that is desired at that price. Demand curves can be used to both the price-quantity connection for a single consumer as well as for all consumers in a given market. Because people purchase more goods at cheaper prices, the demand curve slopes downward.To learn more about demand curve, refer to:
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in its latest social responsibility report general mills describes how it contributed more than 93 million in 2019 to a wide variety
Of nonprofit initiatives and philanthropic organizations. This serves as an illustration of General Mills' dedication to corporate social responsibility (CSR).
General Mills is expressing its awareness of its effect on society and its intention to have a good contribution through giving to charity causes and non-profit organizations. Additionally, by making this kind of investment, businesses may gain the respect and reputation of customers, staff members, and other stakeholders that appreciate socially responsible business practices.
According to the ethical principle of social responsibility, each person is responsible for carrying out their civic responsibilities, and their deeds must benefit society as a whole. The welfare of society and the environment must coexist in harmony with economic progress in this manner.
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Note: The complete question is as bellow,
In its latest social responsibility report general mills describes,
How it contributed more than 93 million in 2019 to a wide variety?
[insert your responses to the following: explain the intent of the taxation policy decisions you made of your seven-year term. what were the macroeconomic principles or models that influenced your decision making?]
The goal of taxation should be to raise the revenue needed to meet the government's spending requirements while not distorting economic decision-making or discouraging all Americans from spending, saving, and investing.
What is taxation?The notions that humans respond emotionally to economic situations, as well as through "multiplier effects" that complicate the outcomes, are among the macroeconomic principles that influence taxation policy decision-making.Taxation is the process by which a government raises funds to spend on things like public services and welfare benefits. There are numerous methods for obtaining tax revenue, as well as various definitions and structures for taxation.Taxation is the inherent power by which the sovereign, through its legislative body, raises revenue to cover the government's necessary expenses. It is a method of allocating the costs of the government among those who are privileged to enjoy its benefits while also bearing its burdens.To learn more about taxation refer to :
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in addition to the reforms mentioned in this case, recommend other financial reporting and auditing-related reforms that would likely be effective in preventing or detecting frauds similar to that perpetrated by madoff.
The scam may have been caught earlier if the SEC and the AICPA had collaborated to exchange information. As Friehling had documented that he did not undertake or conduct any audits, the ruling says that Madoff Securities is not obligated to submit the peer review programme to AICPA.
1. The information sent between the two businesses in accordance with the policy would be helpful in identifying fraud.
2. The PCAOB should devote greater resources to responding to whistleblower hotlines by carrying out the rules that demand that specific complaints be dealt with properly.
3. The businesses or corporation need to have taken further steps to confirm the claims made in the financial statements that relate to the investments. The PCAOB must put into practise the rule requiring businesses (like Madoff Securities) to properly respond to the auditor's questions.
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which of the following factors impact a business executive's credibility? (choose every correct answer.) a. competence b. being caring c . character d. salary
The qualities that affect a company executive's credibility are competence, compassion, and character.
What three roles play in building credibility?The Three C's of Credibility's parallelism with Aristotle's ethos is no coincidence. According to research on credibility, people make three unconscious judgements about a person's trustworthiness: ability, character, and care. The most effective leaders have all three qualities.
Which three factors are the foundations of credibility?According to social scientists, trustworthiness may be broken down into three parts. Unsurprisingly, there was little deviation from Aristotle's original work in the areas of competence, trust, and goodwill.
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when a u.s. company purchases and imports electronic parts from china to use to produce smartphones within the united states, this purchase increases the
this purchase increases the investment component of GDP while also decreasing net exports by the same amount. Therefore, the purchase of electronic parts from China causes no overall change in US GDP.
What are the consequences of imports and exports for a specific country?
The import and export activity of a country can affect its GDP, exchange rate, inflation, and interest rates.
When imports exceed exports, a country or region has a trade deficit and its trade balance is negative. However, the terms 'positive' and 'negative' have only a numerical meaning and do not necessarily reflect whether a country's or region's economy is doing well or not.
Therefore, Rising imports and a growing trade deficit can have a negative impact on a country's currency.
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if the cost of producing cell phones increases, the price and equilibrium quantity of cell phones will most likely change in which of the following ways?
The price and equilibrium quantity of cell phones will probably decline in ratio to quantity if the cost of making them climbs.
What implications do expanding income levels contribute to the smartphone market?
As income levels increase, cell phones will become more ubiquitous. The cost and volume of leased cell phones would soar if no other modifications were made.
The equilibrium price decreases and the proportion required increases as the supply rises while all other factors stay constant. As the supply shrinks, the equilibrium price rises and the amount requested falls.
Therefore, the supply of cell phones will decrease if wage rises result in increased production costs for cell phone retailers.
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initiator person who handles the paperwork of the purchase influencer person whose views persuade others decider decider drop zone empty. buyer person who ultimately determines the buying decision user person who consumes or uses the product gatekeeper. T/F
buyer person who ultimately determines the buying decision user person who consumes or uses the product gatekeeper. The given statement is true.
Any item that may be sold to a market to fulfil a customer's need or desire is considered a product in marketing. Depending on customer demand, it could be a product, technology, or service that is made available for consumer use. Products are occasionally referred to as merchandise in the retail industry, but they are bought as raw materials in the manufacturing industry and then sold as finished goods. Services fall under another area of products. The deliverables that make up or assist in achieving the project's objectives are explicitly described as products in project management. Similar concepts apply to sub-products, sometimes known as unintentional yet beneficial byproducts of industrial operations.
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