A store devotes more space to bicycles so it now has less space for books. This is an example of profit maximization principle.
What is profit maximization principle?The Profit Maximization principle helps a firm or business to increase its profits using marginal cost and revenue. Such that both the cost and revenue are equal.
The firm invest in producing at the minimum cost and getting enough profit.
Therefore, A store devotes more space to bicycles so it now has less space for books. This is an example of profit maximization principle.
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A company needs to package 7,560 beads. A wooden container shaped like a rectangular prism can hold 180 beads. A plastic cylindrical container can hold 126 beads. The wooden container costs the company $0. 70, while the plastic container costs $0. 40. Which container should the company use to minimize cost? explain. The wooden containers should be used because it will cost $5. 40 more to use the plastic containers. The plastic containers should be used because it will cost $5. 40 more to use the wooden containers. The wooden containers should be used because it will cost $16. 20 more to use the plastic containers. The plastic containers should be used because it will cost $16. 20 more to use the wooden containers.
According to the information, it can be inferred that the best option for the company is to use plastic containers because it is $5.40 cheaper than wooden containers.
How to calculate the total value of each container?To calculate the total value of each type of container we must do the following mathematical operations.
Calculate how many containers we need of each type. For this we divide the total number of beads in the capacity of each container:
7560 ÷ 180 = 427560 ÷ 126 = 60Then we multiply the number of containers of each type by the value of each:
42 × $0.70 = $29.460 × $0.40 = $24Finally we take the difference between both values to know which is cheaper and what is the difference with the other type of container.
$29.4 - $24 = $5.4
According to the above, the best option for this company is to transport the beads in the plastic container because it has a greater capacity and is $5.4 cheaper than the wooden container.
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What is one counter-argument to the premise that the wealth gap is a serious problem which needs to be addressed? the lower classes have the opportunity to invest. poor people can easily move into the middle class. investments by the upper class create lower-class jobs. buying power sharply increases for the working class.
The investments by the upper class that creates lower-class jobs is the counter-argument on wealth gap that needs to be addressed.
What is a wealth gap?This refers to the gap that classifies the group of people based on their earned income and wealth.
The statement that "Investments by the upper class create lower-class jobs" need to be addressed because it is a true statement about the condition of every economy.
Therefore, the Option C is correct.
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Answer:
C
Explanation:
Please check my answer. :P
What type of person would enjoy a career in education?
A. someone who enjoys working by himself
B. someone who enjoys working short hours and having summers off
C. someone who loves to work with others and help them learn new things
D. someone who is interested in advancing in his career field and becoming rich
The answer I chose is C. "Someone who loves to work with others and help them learn new things." Please correct me if I'm wrong.
Which type of externality is likely to result from a consumer's decision to purchase a solar-powered vehicle instead of a gas-powered vehicle, and how does it arise
The type of externality that is likely to result from a consumer's decision to purchase a solar-powered vehicle instead of a gas-powered vehicle is postive externality.
What is postive externality?
A good has positive externality if the benefits to third parties not involved in production is greater than the cost.
When a person purchases a solar-powered vehicle instead of a gas-powered vehicle, the level of pollution would reduce. This would reduce the health hazards and dangers of pollution.
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When Coca-Cola creates a website within its website called MyCoke where consumers can create a profile, and exchange thoughts, ideas, and more among themselves, it has developed what is called a __________.
If real GDP grows by 3 percent, the velocity of circulation does not change, and the quantity of money grows by 3 percent, then in the long run the inflation rate is
Based on the real GDP growth rate, the velocity of circulation, and the quantity of money, the long run inflation rate will be 0%.
What is the long-run inflation rate?This can be found using the Quantity theory of money:
Money supply x Velocity of circulation = Price level x Real GDP
Can also be written as:
% change in M + % change in V = % change in P + % change in Y
Solving gives:
3% + 0 = P + 3%
P = 3% - 3%
= 0%
The price level is to increase by 0% which means that inflation is 0%.
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A company has total assets of $2,500,000, current assets of $425,000, total liabilities of $1,575,000, and current liabilities of $320,000. Its current ratio is ______.
A positive current ratio is between 1.2 to 2, which means that an entity has 2 times as many current assets as its liabilities. Here, the current ratio is 1.33: 1, which represents that 1.33 assets are available to fulfill $1 debts.
What is Current Ratio?
The current ratio is the amount of income that measures a company's ability to pay short-term obligations or those that have to be repaid within one year.
The current ratio below 1 means that the company does not have enough liquid assets to cover its short-term liabilities
Formula:
[tex]\rm\,Current \; Ratio = \rm\,\dfrac{Current \;Assets }{Current \;Liabilities}\\\\\rm\,Current \; Ratio = \dfrac{ \$425,000}{\$320,000} \\\\\\\rm\,Current \; Ratio = 1.33[/tex]
hence,The current ratio is 1.33: 1, which represents that 1.33 assets are available to fulfill $1 debts.
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What is financial literacy and why is it important.
Answer:
Financial literacy is a set of skills and knowledge that allows one to make effective decisions with their financial resources.
Explanation:
Why is it important? Well, being financially literate ensures financial stability and security. It also allows you to have a variety of different financial skills; such as creating a budget, understanding how credit works, being able to save for retirement, and becoming wiser with how to manage your money.
Hope this helps! Have an amazing day! :D
What is the main reason why you need a financial reserve?
Answer:
Often, people who are in the habit of saving money can be seen as being overly concerned, but the purpose of having a reserve is precisely to avoid greater worries in the face of unforeseen events.
Which four of the following are examples of peripheral devices?
Select 4 correct answer(s)
A. Integrated speakers
B. Keyboard (cordless or bluetooth)
C. Headset
D. Printer
E. Integrated camera
F. Joystick
Answer:
Keyboard
Headset
Printer
Joystick
Yw :))
Wright Company uses the report form of the balance sheet. Which is the correct order for the assets section?
The correct order for the assets section are: Current assets, long -term investments. property, plant and equipment.
What is Balance sheet?Balance sheet is a sheet that help to summarize and show a company or an organization financial statement.
The asset section of a balance sheet contains the following:
Current assetsLong -term investmentsPropertyPlant and equipmentTherefore the correct order for the assets section are: Current assets, long -term investments. property, plant and equipment.
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If the Federal Reserve wants to lower the interest rate to 4 percent, it must _____ the money supply to _____.
If the Federal Reserve wants to lower the interest rate to 4 percent, it must increase the money supply to lower interest rates.
Why the federal reserve wants to prevent a recession?If the federal reserve wants to prevent a recession which means an economic condition when GDP falls or economy faces a low or negative economic growth.
Thus, first of all aggregate demand should increased to boost up the economy and money supply should increase to lower the interest rate then business will take more loans at lower rate and invest more in production to meet up the aggregate demand and increasing employment opportunities.
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You should always arrive to an interview _____.
a.
late, to create an impression
b.
on time
c.
with friends for support
d.
none of the above
The section of the annual report that is of interest to investors and gives information on how a company is planning to spend its cash during the next year for property, plant, and equipment is the ____________________ section. A. Management's Discussion and Analysis of Financial Condition and Results of Operations B. Business Overview C. Financial Statements D. Notes to Financial Statements
The section of the annual report that is of interest to investors and gives information on how a company is planning to spend its cash is the Management's Discussion and Analysis of Financial Condition and Results of Operations.
What do you mean by an investor?An investor refers to any person or entity that invests capital with the expectation of receiving financial returns in the future.
Management Discussion and Analysis refers to a section of a company's annual report where the company's performance has been analyzed with qualitative and quantitative measures.
Management discussion and analysis is an important source of information for analysts and investors who want to check the company's financial performance.
Therefore, A is the correct option.
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According to Marx and Engels, the economic mode of production forms the _____. Other institutions form the _______.
Answer:
infrastructure; superstructure
Explanation:
quizlet
In an ideal situation, the waste of one firm becomes the resource of another, and such synergies can create eco-industrial parks. This principle is often referred to as
The principle where one firm's waste becomes the resource used by another firm is known as biomimicry.
What is biomimicry?Biomimicry is when the waste products of one firm becomes the resource that is used by another firm for production processes.
An example of biomimicry is when the scrap metals that is used to produce a machine is used by another firm to make a product.
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Why is Netflix's stocks going down?
Answer:
Netflix stock was falling sharply Wednesday after the streaming giant posted disappointing first-quarter earnings, prompting a flurry of price target cuts and critique from analysts.
Explanation:
Hope this helpes.
A person who works as a sales representative for a manufacturer or wholesaler and gets paid a commission on any sales is classified a(n):
A person who works as a sales representative for a manufacturer or wholesaler and gets paid a commission on any sales is classified an agent.
Who is an agent?This is a person that is signed on to work on behalf of another person. This may be someone who helps to make decisions on behalf of the person that they represent.
Also a person that does business on behalf of another for the sake of commissions is an agent.
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Teri's Photography has total assets of $50,800, fixed assets of $47,400, long-term debt of $36,300, and total debt of $42,900. What is the current ratio
The current ratio given the current assets and the current liabilitites for Teri's Photography is 0.52.
What is the current ratio?Current ratio is a liquidity ratio. Liquidity ratios measure a firm's ability to meet its short terms obligations.
Current ratio = current asset /current liability
Current ratio = (total assets - fixed assets) / (total liabilities - long term debt)
= (50,800 - 47400) / (42900 - 36300) =
3400 / 6600 = 0.52
In order to determine the current ratio, divide the current assets by the current liabilities.
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From the three-year period of 2012 to 2015, new renewables jumped from 1.9% to 2.4% of U.S. energy consumption. If this rate of change were to continue, in approximately what year would the use of renewables exceed 10% of total energy consumed?
If the rate of energy consumption change were to continue, then in 2061 the use of renewable energies would exceed 10% of the total energy consumed.
How do you calculate energy consumption change?In this case, it is possible to calculate the energy consumption change as 1.9% to 2.4% (0.5%) in three years >> 0.1666 per year.
And therefore 2060 - 2015 = 45 years >> 0.16666 x 45 = 7.5% energy consumption change and therefore 7.5 % = 2.5% = 10% (2060).
If this rate of energy consumption change were to continue, then in 2061 the use of renewable energies would exceed 10% of the total energy consumed.
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The board of directors had an important role in luckin coffee, but it claimed to be unaware of any problems. If true, this is an example of.
An example of an information asymmetry is when some board of directors had an important role in luckin coffee but claimed to be unaware of any problems.
What is an Information asymmetry?In a formal setting, this refers to a condition whereby a business party possesses more information than the other party they are dealing with.
These type of asymmetry are caused by differences in information between the parties in an economic transaction.
Therefore, the situation described is an example of an Information asymmetry.
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Which of the following government agencies regulates financial markets? a. osha b. the irs c. the faa d. the ots
OTS is an agreement in which a defaulting borrower agrees to pay a portion of their debt, it regulates Financial markets.
What exactly is this OTS?OTS is an agreement in which a defaulting borrower agrees to pay a portion of their debt in order to prevent banks from pursuing legal action against them.
Financial markets are regulated by OTS government agencies.
Therefore, option d. explains the OTS.
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Answer:
D
Explanation:
Each week Pablo buys exactly 14 bottles of Bai Infusion drink regardless of its price. Pablo's own price elasticity of demand for the drink is Group of answer choices 0 -1 less than -1 more than -1
Based on the purchase, Pablo's own price elasticity of demand for the drink is: A. zero (0).
What is a price elasticity of demand?A price elasticity of demand can be defined as a terminology that is used to measure the responsiveness of the quantity of a product demanded by a consumer with respect to a specific change in price of the product, all things being equal (ceteris paribus).
In this scenario, Pablo's own price elasticity of demand for the drink purchased is zero (0) because the quantity of drinks he buys is constant or remained the same i.e there is no change in the quantity demanded.
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Trumbrella Corp. is a pharmaceutical company. One of its employees reports that he has suffered an on-the-job injury caused by the slippery factory floor that resulted in severe damage to his backbone. When Trumbrella initiates its claims processing, it should first:
In pharmaceutical organization, one of its employees, claims that he was injured on the job due to the slick factory floor, and his backbone damage. When Trumbrella begins processing claims, it must first determine whether the accident occurred.
What is pharmaceutical organization?The pharmaceutical industry develops, manufactures, and distributes pharmaceuticals drugs for use as medications to be provided to patients in order to vaccinate, cure, or relieve symptoms.
Pharmaceutical companies may sell generic and brand-name drugs, as well as medical gadgets.
Pharmaceutical company Trumbrella Corporation. One of its employees alleges he was wounded on the job and suffered backbone injury as a result of the slick factory floor.
Therefore, trumbrella must first determine whether an accident occurred before it can begin processing claims.
Therefore, option A is correct.
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Select the correct answer.
Sheryl is a homemaker living with her husband and her two sons in Texas. Her sons are fond of playing with lawn darts. However, one day, while
playing with lawn darts, the younger son accidently steps on a dart and injures his foot. Sheryl then finds out that lawn darts are banned in the
US. Which federal agency do you think may have banned the sale of sharp, metal lawn darts?
OA
Securities and Exchange Commission
B.
Environmental Protection Agency
OC Food and Drug Administration
OD.
Reset
Next
Consumer Product Safety Commission
Answer:
The answer is Securities and Exchange Commission.
Upper Echelon Inc., an American high-tech company, wants to set up operations in a foreign country. The company needs to select an entry mode that offers protection of its proprietary technology. Which entry mode is most suitable for Upper Echelon
Upper Echelon inc. wants to set up operations in a foreign country that offers protection of its proprietary technology and the most suitable entry mode is a wholly-owned subsidiary.
What do you mean by technology?Technology refers to the greater application of scientific knowledge for practical purposes.
A wholly-owned subsidiary can be established in a foreign market by acquiring an established firm in the host nation.
Wholly owned subsidiaries best serve high tech protection in a foreign market because it reduces the risk of losing that competence.
Therefore, the wholly-owned subsidiary is the best entry mode for Upper Echelon.
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You discover that your smartphone’s software has been updated.
A. form utility
B. time utility
C. place utility
D. possession utility
If finance charges are not assessed on new credit card transactions during the period between the posting date and the due date, this period is called the ____ period.
The period between the posting date and the due date, this period is called the grace period. In this period the finance charges are not assessed on new credit card.
What is grace period?A grace period is a period of time after the due date during which payment can be made without incurring any penalties. In most mortgage loan and insurance arrangements, a grace period of 15 days is included.
A grace period allows a borrower or insurance client to postpone payment for a certain time after the due date has passed.
Thus, grace period is the period between the posting date and due date.
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Sid's Video Store will pay an annual dividend of $2.15 next year. The company just announced that subsequent future dividends will be increasing by 1.5 percent annually. How much are you willing to pay for one share of this stock if your required return is 14 percent
The amount of money that I would be willing to pay for one share of the stock of Sid's Video Store is $17.20.
What is the value of the stock?The amount I would be willing to pay for the stock would be based on the value of the stock.
Value of the stock = dividend that would be paid next year / ( required return - growth rate)
$2.15 / (14% - 1.5%)
$2.15 / 12.5% = $17.20
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The largest network in the world is which of the following types?
WAN
ΜΑΝ
LAN