If a firm faces a downward-sloping demand curve:
c. It must reduce its price to sell more units.
A downward-sloping demand curve indicates that as the price of the product increases, the quantity demanded of the product decreases. This means that the firm must reduce its price to increase the quantity demanded of its product.
However, the firm does not have complete control over the price it charges. The price will also depend on factors such as the production cost, competitor pricing, and overall market demand. Therefore, the firm needs to carefully balance the price it charges with the demand for its product to maximize profits.
Furthermore, whether the firm makes a profit or not will depend on the intersection of its demand and cost curves. If the price charged is too low, the firm may not be able to cover its costs and will make a loss. If the price charged is too high, the firm may not be able to sell enough units to cover its costs and will also make a loss. Therefore, the firm needs to find the optimal price that maximizes its profits.
The elasticity of demand will also affect the firm's ability to control the price it charges. If the demand for the product is elastic, a small increase in price will cause a large decrease in quantity demanded, and the firm may not be able to increase its revenue by raising the price. If the demand for the product is inelastic, the firm may be able to raise its prices without a significant decrease in quantity demanded and increase its revenue.
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the full-employment level of output is $1000 above the current level of output. how much should the government change taxes in order for the new equilibrium to be equal to the full-employment level of output?
In order to achieve full-employment level of output, the government needs to take certain measures such as changing taxes.
In this scenario, if the full-employment level of output is $1000 above the current level of output, then the government needs to increase taxes in order to reduce aggregate demand and bring the economy towards the full-employment level.
The increase in taxes will reduce disposable income, which will lead to a reduction in consumption spending. This reduction in consumption spending will ultimately reduce the aggregate demand in the economy. The reduction in aggregate demand will cause a decrease in the level of output until it reaches the full-employment level of output.
However, the extent of the tax increase required to achieve the full-employment level of output cannot be determined without knowing the slope of the aggregate demand curve. If the aggregate demand curve is steep, then a small tax increase will have a significant impact on aggregate demand, and the government may not need to increase taxes by a large amount. Conversely, if the aggregate demand curve is flat, then the government may need to increase taxes by a large amount to achieve the full-employment level of output.
In conclusion, the government needs to increase taxes to reduce aggregate demand and achieve the full-employment level of output. However, the extent of the tax increase required depends on the slope of the aggregate demand curve.
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the commercial practices shown in the images emerged in order to responses facilitate the development of regional trade networks by creating uniform currencies and systems of credit. facilitate the development of regional trade networks by creating uniform currencies and systems of credit. finance imperial conquests by supplying credit and currency for purchasing weapons.
The commercial practices depicted in the images were developed to enable (A) "growing trade in luxury goods by providing greater access to credit and currency", as indicated by the Latin text in the upper left-hand corner warning against greed.
During the Renaissance period, there was a significant increase in trade and commerce, particularly in luxury goods such as textiles, spices, and artwork. The availability of credit and currency facilitated this trade, allowing merchants to invest in ventures and expand their businesses. This led to the creation of banking systems, bills of exchange, and other financial practices that made commerce more accessible to a wider range of people.
However, the pursuit of wealth also led to greed and corruption, as reflected in the warning against greed in the upper left-hand corner of the image. Overall, the emergence of these commercial practices had a profound impact on the economy and society during the Renaissance period.
Option A holds true.
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generally, the agent owes the principal only 4 duties (performance, notification, obedience, and accounting). group of answer choices true false
The answer is True. Only four obligations are owed by the agent to the principal: performance, notification, obedience, and accounting notification.
The refusal of an agent to perform an unlawful or tortious conduct for a principal does not violate the agent's duty of allegiance to the principal and will not subject the principal to liability. Any transaction governed by the agency cannot result in a hidden profit for the agent.
Two types of obligations exist between the agent and the principal: fiduciary and general. The fiduciary duty is the obligation to always behave in the principal's best interests. In this case, that means avoiding self-dealing and maintaining confidentiality.
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which of the following issues is a potential disadvantage of online ads even though the cost per viewer for online ads can be cheaper than conventional tv commercials? question 21 options: advertising fraud due to scammers and bots limited color palettes inability to overlay text on images lack of sound content-licensing headaches
Advertising fraud due to scammers and bots is a potential disadvantage of online ads even though the cost per viewer for online ads can be cheaper than conventional TV commercials. Option A is correct.
Online advertising fraud occurs when scammers use bots or other automated tools to generate fake impressions or clicks on online ads, making it appear as though the ad is receiving more traffic than it actually is. This can lead to wasted advertising spend, as well as a loss of trust in the effectiveness of online advertising.
While there are other potential disadvantages of online ads, such as limited color palettes or content-licensing headaches, advertising fraud is a particularly significant issue that can undermine the ROI of online advertising campaigns.
Hence, A. is the correct option.
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--The given question is incomplete, the complete question is
"Which of the following issues is a potential disadvantage of online ads even though the cost per viewer for online ads can be cheaper than conventional tv commercials? A) advertising fraud due to scammers and bots B) limited color palettes inability to overlay text on images C) lack of sound content-licensing headaches."--
green company has two segments: yellow division and blue division. given the following information, which segment has the higher ebitda and by how much?yellowblue revenue$44,140$69,876operating income18,11224,314depreciation15,0005,500amortization11,4222,000tax rate20 %
As per the tax rate, Blue Division has a higher EBITDA than Yellow Division, by $6,039.60
To calculate EBITDA, we need to add back the depreciation and amortization expenses to operating income, as they are non-cash expenses. Then, we subtract the income tax expense to arrive at EBITDA. The calculation for Yellow Division and Blue Division is as follows:
Yellow Division EBITDA = Operating income + Depreciation + Amortization - Income tax expense
Yellow Division EBITDA = $18,112 + $15,000 + $11,422 - (0.20 * $18,112)
Yellow Division EBITDA = $18,112 + $15,000 + $11,422 - $3,622.40
Yellow Division EBITDA = $40,911.60
Blue Division EBITDA = Operating income + Depreciation + Amortization - Income tax expense
Blue Division EBITDA = $24,314 + $5,500 + $2,000 - (0.20 * $24,314)
Blue Division EBITDA = $24,314 + $5,500 + $2,000 - $4,862.80
Blue Division EBITDA = $26,951.20
Therefore, we can see that Blue Division has a higher EBITDA than Yellow Division, by $6,039.60 ($26,951.20 - $40,911.60)
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Complete Question:
Green Company has two segments: Yellow Division and Blue Division. Given the following information, which segment has the higher EBITDA and by how much?
Yellow Blue
Revenue $44,140 $69,876
Operating income 18,112 24,314
Depreciation 15,000 5,500
Amortization 11,422 2,000
Tax rate 20% 20%
the records of alberta incorporated included the following information: cost of goods sold $ 1,900,000 beginning inventory 445,000 ending inventory 485,000 what is the inventory turnover ratio?
The formula for inventory turnover ratio is Inventory turnover ratio = Cost of goods sold / Average inventory. The inventory turnover ratio for this problem is 4.08.
What is inventory turnover?Inventory turnover is a financial measure that indicates how often a company turns inventory relative to its cost of goods sold (COGS) over a period of time.
You can divide the number of days in a period (usually a fiscal year) by the inventory turnover rate to get the average number of days it takes a company to sell its inventory.
Businesses can use inventory turns to improve pricing, manufacturing, marketing, and purchasing decisions.
This is one efficiency metric used to measure how well a company is using its resources.
Low inventory turns can indicate slow sales or too much inventory. On the other hand, high inventory turnover indicates good sales. There may also be an impact of out of stock.
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select all that apply the lowest rate of unemployment compatible with price stability, variously estimated at between 4 and 6%, is . multiple select question. inflation-adjusted unemployment full employment natural rate of unemployment gdp employment
That all apply the lowest rate of unemployment compatible with price stability, variously estimated at between 4 and 6%, are Inflation-adjusted unemployment, Full employment, and Natural rate of unemployment.
The natural rate of unemployment (NRU) refers to the level of unemployment that occurs when the labor market is in a state of equilibrium, with the economy operating at its potential output level. This means that all available resources, including labor, are being utilized efficiently, and there is no cyclical unemployment caused by fluctuations in the business cycle.
Estimating the NRU is challenging, as it can vary over time and across countries depending on factors such as demographics, technology, and institutional factors like labor market regulations. However, it is an important concept for policymakers to consider when making decisions about monetary and fiscal policy, as it provides a benchmark for assessing whether the economy is operating at full capacity or is experiencing imbalances that may require intervention.
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one of the basic ways in which services differ from products is that production and consumption are blank from each other. consequently, service providers often include options for the customer to become more involved in the production of the service, which usually results in greater customer satisfaction. multiple choice question.
One of the basic ways in which services differ from products is that production and consumption are separable from each other. Consequently, service providers often include options for the customer to become more involved in the production of the service, which usually results in greater customer satisfaction.
A service is a transaction between a buyer and a seller in which the seller provides the buyer with an intangible product in exchange for payment. A service is a type of economic activity that involves providing various benefits to consumers without the exchange of tangible goods. Answer: The basic ways in which services differ from products are that production and consumption are separate from each other. Consequently, service providers often include options for the customer to become more involved in the production of the service, which usually results in greater customer satisfaction.
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one of the basic ways in which services differ from products is that production and consumption are____________ from each other. consequently, service providers often include options for the customer to become more involved in the production of the service, which usually results in greater customer satisfaction.
a purchase order is often used in the industry and is defined as: group of answer choices the slip of paper a server uses to communicate an order to the kitchen an order to the kitchen from a server for a special customer request an order to purchase a certain quantity of an item at a specific price customer pre-orders for menu items called in before they arrive
A purchase order is a commercial document issued by a buyer to a seller indicating the type, quantities, and agreed-upon prices for products or services.
It serves as a formal contract between the buyer and seller and is used to control the purchasing process, including budgeting and inventory control. It includes important information such as the buyer and seller's name and address, the product or service description, quantity, price, delivery date, payment terms, and other relevant details.
Purchase orders are used to ensure that goods or services are ordered and received on time, at the right quantity and quality, and at the agreed-upon price.
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in terms of business cycles, lockdowns and restrictions associated with the covid-19 pandemic could be thought of as: a. negative supply shock b. negative demand shock c. negative supply and demand shock at the same time d. positive supply shock e. positive demand shock f. positive supply and demand shock at the same time
In terms of business cycles, lockdowns and restrictions associated with the COVID-19 pandemic could be thought of as a negative supply shock. The correct option is (a) negative supply shock.
What is a supply shock?A supply shock is an unexpected event that disrupts the supply of goods and services in an economy. These shocks can have a variety of causes, including natural disasters, political unrest, and changes in the availability of key inputs like oil or raw materials.
The COVID-19 pandemic and associated lockdowns and restrictions have had a significant impact on the supply of goods and services in many countries around the world.
By forcing businesses to close, disrupting supply chains, and reducing the availability of key inputs like labor, these measures have created a negative supply shock that has had a significant impact on the global economy.
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erps are useful to auditors for which of the following reasons? multiple choice erps are required by the sarbanes-oxley act of 2002. erps track details regarding creation, modification, and use of transactions throughout the organization in a single system. erps are spread across multiple logical databases, allowing auditors to minimize disruption to processing when reviewing erp activity. erps use cloud computing technology, which allows auditors to review transactions from anywhere.
ERPs track the details of the creation, revision, and use of deals within the association in one system. This is variant C.
Enterprise Resource Planning( ERP) is a software system that helps you manage your entire business by supporting robotization and processes in finance, mortal coffers, manufacturing, force chain force, services, copping ,etc.
As the name suggests, the main idea of ERP is to manage the company's colorful coffers so that they're used in a cost-effective manner. It should also be assured that all coffers are used efficiently.
Question
ERP is useful to adjudicators for which of the following reasons?
a) The ERP uses pall-calculating technology that allows adjudicators to view deals from anywhere.
b) ERPs are distributed across numerous logical databases, which makes it possible
c) verifier to minimize processing interruptions when vindicating ERP conditioning.
d) ERP lines track the details of creation, revision, and operation
deals across the enterprise in one system.
e) ERPs are commanded by the Sarbanes- Oxley Act of 2002.
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your employer contributes $95 at the end of each week to your retirement account. the account will earn a weekly interest rate of .22 percent. how much will the account be worth when you retire in 30 years?
Therefore, the retirement account will be worth approximately $139.17 when you retire in 30 years.
Assuming that the $95 weekly contributions remain constant over 30 years, the future value of the retirement account can be calculated using the formula for compound interest:
FV = PV x (1 + r)^n
where FV is the future value, PV is the present value (initial balance), r is the weekly interest rate, and n is the number of weeks (in this case, 30 years x 52 weeks per year = 1,560 weeks).
Plugging in the given values, we get:
PV = 0 (assuming no initial balance)
r = 0.22% = 0.0022 (as a decimal)
n = 1,560 weeks
FV = $95 x (1 + 0.0022)^1560
FV = $95 x 1.463
FV = $139.17
Therefore, the retirement account will be worth approximately $139.17 when you retire in 30 years.
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the difference between a revenue or cost item in the planning budget and the same item in the flexible budget at the actual level of activity is a(n) blank variance. multiple choice question. revenue activity spending
The difference between a revenue or cost item in the planning budget and the same item in the flexible budget at the actual level of activity is a(n) spending variance.
A spending variance refers to the difference between the amount of money that was budgeted for a certain expense category and the amount of money that was actually spent. This variance can be either positive or negative, and it can indicate either over- or under-spending in a particular category.
ExampleSuppose a company budgeted $5,000 for office supplies in the current quarter, but the actual amount spent was $5,500. This would represent a negative spending variance of $500. If, on the other hand, the company had only spent $4,500 on office supplies, that would represent a positive spending variance of $500.
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accounting is an information and measurement system that identifies, records, and communicates an organization's business activities. true false
An organization's business activities can be identified, recorded, measured, and communicated using an accounting system. True
The data is utilized to assess the organization's position and financial performance in order to make wise business decisions. In order to guarantee that the financial information presented is accurate, dependable, and pertinent, accounting entails the use of established concepts and standards.
The system has procedures for compiling financial statements, tracking transactions, and studying financial information. Accounting is crucial to corporate management because it offers crucial data for planning, budgeting, and decision-making. It would be difficult to successfully manage a business's financial resources without accounting.
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why is frito-lay considering the purchase of cracker jack? (2) what might a swot analysis for cracker jack look like based on an assessment of the ready-to-eat caramel popcorn category? (3) what are the implications for frito-lay?
Frito-Lay may be considering the purchase of Cracker Jack because it would provide them with a new product line in the ready-to-eat caramel popcorn category, which is a growing and profitable segment of the snack food industry.
Cracker Jack has a strong brand name and loyal customer base, which could help Frito-Lay expand its market share in this category. A SWOT analysis for Cracker Jack based on an assessment of the ready-to-eat caramel popcorn category might look like this:
Strengths:
Established brand name and loyal customer base
Unique product with a strong flavor profile
Established distribution network
Weaknesses:
Limited product line compared to competitors
Limited geographical reach
Dependence on a single product
Opportunities:
Growing demand for healthy snack options
Expansion of product line into other snack categories
Increased marketing and advertising efforts
Threats:
Increased competition in the ready-to-eat caramel popcorn category
Changing consumer preferences and tastes
Regulatory changes affecting the snack food industry
The implications for Frito-Lay would be that they could leverage their existing resources, distribution network, and marketing expertise to grow Cracker Jack's market share in the ready-to-eat caramel popcorn category. However, they would also need to address the weaknesses and threats identified in the SWOT analysis to ensure the long-term success of the acquisition.
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advantage air-conditioning guarantees any spare part for repairing air conditioners will be supplied within 24 hours. this policy best matches with:
The policy of "Customer Service Excellence" best matches with Advantage Air-Conditioning's guarantee to supply any spare part for repairing air conditioners within 24 hours.
This policy demonstrates a commitment to providing high-quality customer service by ensuring that customers' needs are met promptly and efficiently.
By providing spare parts within 24 hours, Advantage Air-Conditioning is showing that they understand the importance of minimizing downtime and inconvenience for their customers. This commitment to customer service excellence can help to build trust and loyalty with customers, and can also lead to positive word-of-mouth referrals and repeat business.
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is a task on which a subsequent (following) task depends in a project schedule. a.precedence relations b.predecessor c.precedence constrains d.successor
A predecessor is a task on which a subsequent task depends in a project schedule, and is typically identified through the use of precedence relations or precedence constraints. The correct answer is A
Identifying and managing predecessors is a critical aspect of project scheduling, as it helps to ensure that tasks are performed in the correct sequence and dependencies are properly accounted for.A task on which a subsequent task depends in a project schedule is referred to as a predecessor.
Predecessors are an important aspect of project scheduling and help to establish the order and dependencies of tasks in a project.Predecessors are typically identified through the use of precedence relations or precedence constraints. Precedence relations are logical relationships between tasks that define the order in which tasks must be performed.
These relationships can be represented using symbols such as arrows or lines on a project network diagram.Precedence constraints, on the other hand, are specific rules or limitations that must be followed in order to maintain the logical relationships between tasks.
These constraints can include requirements such as waiting for a specific event to occur before beginning a task, or completing a task within a certain timeframe in order to avoid delaying subsequent tasks. The correct answer is A
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a professional futures trader who buys and sells futures for his own account throughout the day but typically closes out his positions at the end of the day is called a:
The professional futures trader you described is commonly known as a Day Trader
A futures contract is an agreement between two parties to buy or sell an asset at a predetermined price and date in the future. Futures traders buy and sell these contracts with the intention of making a profit from price fluctuations.
A day trader is a type of futures trader who buys and sells contracts within the same trading day, with the goal of making profits from short-term price movements. Day traders typically use technical analysis tools and chart patterns to identify potential trades and set stop-loss and take-profit levels.
By closing out all their positions at the end of the trading day, day traders avoid the risks associated with holding positions overnight, such as unexpected news events or market gaps that can result in significant losses.
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if mr. jones wanted to invest 3,000,000 yen in the japanese stock market, how many dollars would he need if the exchange rate was $1 for 150 yen?if mr. jones wanted to invest 3,000,000 yen in the japanese stock market, how many dollars would he need if the exchange rate was $1 for 150 yen?$25000$150$20000$30000
If Mr. Jones wanted to invest 3,000,000 yen in the Japanese stock market, he would need $20,000 if the exchange rate was $1 for 150 yen. So, the correct option is $20,000.
To convert yen to dollars, we can use the exchange rate of $1 for 150 yen. This means that for every $1, Mr. Jones can get 150 yen.
So, we can calculate the amount of dollars Mr. Jones needs to invest by dividing the yen amount by the exchange rate in yen per dollar: $3,000,000 yen / 150 yen/dollar = $20,000. Therefore, Mr. Jones would need $20,000 to invest 3,000,000 yen in the Japanese stock market if the exchange rate was $1 for 150 yen.
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select all that apply changes to which of the following lead to the multiplier effect? multiple select question. consumption growth in national savings government spending wages and income net exports investment
The two multiple options are both fully correct because they have a multiplicative effect on government spending and consumer spending.
What does the market's multiplier effect mean?An exogenous increase in demand's impact on the country's income and output is known as the multiplier effect. Think about the situation where investment demand increases by one. Then, businesses produce to satisfy this demand. An increase in national income is indicated by an increase in the national product.
Some multiplier effects simply result from metric analysis when two numbers are compared. In other instances, corporate governance or public policy are the causes of the multiplier effect.
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Changes to which of the following lead to the multiplier effect?
a. growth in national savings
b. net exports
c. consumption
d. wages and income
2. which options correctly complete the following sentence? a firm can improve its cash conversion cycle by: i. increasing its collection period. ii. increasing its payables period. iii. increasing days in inventory.
A firm can improve its cash conversion cycle by ii) increasing its payables period.
The cash conversion cycle (CCC) is a financial metric that measures how long it takes for a company to convert its investments in inventory and other resources into cash flow from sales. A shorter CCC means that the company is converting its resources into cash faster, which is generally seen as a positive sign.
To improve the CCC, a company can take various measures, such as reducing its inventory levels or speeding up its collection of receivables. However, increasing its collection period (i) or days in inventory (iii) would lengthen the CCC, not shorten it.
On the other hand, increasing its payables period (ii) would allow the company to delay payment to its suppliers, which would free up cash and shorten the CCC. Therefore, option ii. is the correct answer.
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tanya wants to give her daughter 25,000 in 8 years to start to her own business. how much should tanya invest today at an annual interest rate of 8%
Tanya should invest $14,551.78 today at an annual interest rate of 8% to give her daughter $25,000 in 8 years.
To calculate how much Tanya should invest today, we can use the future value formula for compound interest;
Future value = Present value x [tex](1+ interest rate)^{time}[/tex]
where; Present value is the amount Tanya needs to invest today
Interest rate is the annual interest rate of 8%
Time is the number of years, which is 8 years in this case
Future value is the amount Tanya wants her daughter to have in 8 years, which is $25,000
So we can plug in the values we know and solve for the present value:
$25,000 = Present value x (1 + 0.08)^8
$25,000 = Present value x 1.717
Present value = $25,000 / 1.717
Present value = $14,551.78
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one of the variables affecting sales performance is organizational and environmental factors. what can a sales manager do to incorporate this in his/her sales management strategy? group of answer choices carefully design recruitment and selection policies organize logical and effective territory designs reduce supervisory pressure improve training and supervision institute competitive rewards systems
There are several things a sales manager can do to incorporate organizational and environmental factors in their sales management strategy:
1- Carefully design recruitment and selection policies: Sales managers can design recruitment and selection policies that take into account the organization's culture, values, and objectives.
2- Organize logical and effective territory designs: Sales managers can organize sales territories in a logical and effective way that takes into account customer needs, market potential, and the skills and abilities of the sales team.
3- Reduce supervisory pressure: Sales managers can reduce supervisory pressure by setting realistic sales goals, providing adequate training and support, and giving salespeople the autonomy and flexibility to do their jobs effectively.
4- Improve training and supervision: Sales managers can provide ongoing training and supervision to salespeople to help them develop the skills and knowledge they need to be successful.
5- Institute competitive rewards systems: Sales managers can institute competitive rewards systems that motivate salespeople to achieve their sales targets. This can include bonuses, commissions, and other incentives that are tied to sales performance.
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what activities are being pursued by each of the following firms? what tradeoffs are they making? is their strategy successful? a. collins kitchen (this is actually hostess) b. betsy baking (this is really little debbie) c. ontario baking
Collins Cuisine (actually, this is Hostess) Their largest expense is outbound transportation, followed by manufacturing.
They concentrated on outbound logistics rather than core of to increase customers' willingness to spend. Because they are only earning a penny in profit, their strategy is ineffective.
b: Pastry by Betsy (this is really Little Debbie) Outbound logistics is also one of their largest expenses, but compared to Collins, their logistics costs were half as high. They are able to maintain low prices by keeping expenses down, which reduces the need for marketing while increasing customer willingness to pay. Because they increased their market share from 1% to 20% over the course of five years, their approach has been effective.
c. However, by investing more in marketing, Ontario Baking Logistics is able to charge more for their pastries because the consumers may be brand loyal or knowledgeable about it. Their approach is paying off; they are turning a profit.
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film studio, incorporated has beginning retained earnings of $80,000 and expects to earn net income of $70,000 during the budget period. what would be the budgeted ending balance in retained earnings if the company declares and pays dividends of $50,000?
Earnings are the net gain from a business's operations or capital investments, calculated by subtracting expenses from income. It's also known as net income or net profit.
What are earnings?
The budgeted ending balance in retained earnings if Film Studio, Incorporated declares and pays dividends of $50,000 would be $100,000.
Earnings are the net gain from a business's operations or capital investments, calculated by subtracting expenses from income. It's also known as net income or net profit.
What are budgeted earnings?
The income that a company expects to earn from its core business operations in a future budget period is referred to as budgeted earnings. Film Studio, Incorporated has a starting retained earnings of $80,000 and expects to earn $70,000 in net income during the budget period. If the company declares and pays out $50,000 in dividends, the budgeted ending balance in retained earnings would be $100,000.
The budgeted ending balance in retained earnings is calculated using the formula:
Budgeted Ending Balance in Retained Earnings = Beginning Retained Earnings + Net Income - Dividends paid
Budgeted Ending Balance in Retained Earnings = $80,000 + $70,000 - $50,000
Budgeted Ending Balance in Retained Earnings = $100,000
Therefore, the budgeted ending balance in retained earnings if Film Studio, Incorporated declares and pays dividends of $50,000 would be $100,000.
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which of the following is not an example of a performance obligation? a.performing contractually agreed-upon tasks b.granting a right to use a tangible asset c.arranging for another party to transfer goods or services d.transferring produced goods or reselling purchased goods
The statement that is not an example of a performance obligation is option (d) transferring produced goods or reselling purchased goods.
A performance obligation is a promise in a contract with a customer to transfer goods or services that are distinct and capable of being distinct. It is an obligation that a company has to perform a task, provide a service, or deliver a product.
Options a, b, and c all describe examples of performance obligations
a. Performing contractually agreed-upon tasks is a performance obligation because it involves a promise to do something for the customer.
b. Granting a right to use a tangible asset is a performance obligation because it involves transferring a right to use something to the customer.
c. Arranging for another party to transfer goods or services is a performance obligation because it involves facilitating the transfer of goods or services to the customer.
Option d, transferring produced goods or reselling purchased goods, is not a performance obligation because it does not involve a promise to transfer distinct goods or services to the customer. Rather, it involves the transfer of ownership of a good that has already been produced or purchased.
Therefore, the correct option is (d) transferring produced goods or reselling purchased goods.
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an account invested in a money market fund grew from $67,081.20 to $67,359.39 in a month. what was the interest rate, to the nearest tenth?
If an account invested in a money market fund grew from $67,081.20 to $67,359.39 in a month, the interest rate earned by the account is approximately 5%.
To calculate the interest rate, we need to use the formula for simple interest:
I = Prt
Where I is the interest earned, P is the principal or initial investment, r is the interest rate, and t is the time period.
In this case, the initial investment is $67,081.20 and the final investment is $67,359.39. The time period is one month, which is equivalent to 1/12 of a year. We can set up the equation as:
$67,359.39 - $67,081.20 = ($67,081.20)(r)(1/12)
Simplifying the equation gives:
$278.19 = ($67,081.20)(r/12)
Solving for r, we get:
r = ($278.19 * 12) / $67,081.20
r ≈ 0.05 or 5%
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the government decides to impose a per-unit tax on the bottle industry to help cover revenue shortfalls in the annual budget. in this case, the burden of the per-unit tax is
The burden of the per-unit tax on the bottle industry will be shared by both the producers and the consumers.
When the government puts a per-unit tax on the bottle business, the producers' expense of making each unit of bottles rises. As a consequence, producers will be required to pay the tax straight to the government, raising their manufacturing costs.
In reaction, manufacturers may choose to raise the price of their goods in order to keep profit margins, or they may choose to decrease their supply of bottles in order to escape paying the tax. If manufacturers raise the price of their bottles, the tax load will be passed on to customers in part or entirely, based on the price elasticity of demand for bottles.
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In the last pay period, Joana paid $201.60 in total taxes on their gross earnings of $1120. What percentage of their gross income do they pay in taxes?
The percentage of gross income that was paid in taxes by Joana was 18 % of gross income.
How to find the percentage of gross income?To find the percentage of Joana's gross income that she paid in taxes, we can use the following formula:
Percentage of income paid in taxes = (Total taxes paid / Gross income) x 100%
Plugging in the given values, we get:
Percentage of income paid in taxes = (201.60 / 1120) x 100%
Percentage of income paid in taxes = 0.18 x 100%
Percentage of income paid in taxes = 18%
Therefore, Joana paid 18% of her gross income in taxes during the last pay period.
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ilsa works as a clerk for java cafe at minimum wage. the minimum-wage rate is revised by congress group of answer choices periodically by congress, or sometimes by a local city or state government. annually, according to the rate of inflation. whenever the president issues an executive order to revise the rate. every seven years, according to changes in the cost of living.
Ilsa works as a clerk for java cafe at minimum wage. The minimum-wage rate is revised annually, according to the rate of inflation (option B).
The minimum wage is the lowest wage that a worker can be compensated by law or contract. It is established by law or union agreement, and it is the lowest wage that an employer can legally pay their employees. It has been implemented as a protective measure to ensure that employees receive fair compensation.
Many nations have minimum-wage laws in place to safeguard workers' rights and prevent companies from exploiting them.
So, according to the rate of inflation, the minimum-wage rate is revised annually. Option B is the correct answer.
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