In his writings, he described how market systems work and his belief in laissez-faire economics. His ideas influenced how people view the government in terms of the economy,
Economics is the study of scarcity and its impact on resource use, the creation of goods and services, the expansion of production and wealth over time, and a range of complex concerns of utmost importance to society. Political science, geography, mathematics, sociology, psychology, engineering, law, medicine, and business administration are just a few of the many areas in which economics has an impact. A society is a group of people who are in regular contact with each other or a large group of people living together in a common space, often subject to the same political authority and prevailing cultural norms. .
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If a firm spends $600 more on advertising, its goal is for the demand curve for its product to shift ________ and its marginal revenue curve to shift ________.
If a firm spends $600 more on advertising, its goal is for the demand curve for its product to shift ATC curve shifts upward and its marginal revenue curve shifts its MC curve does not shift.
To calculate the marginal sales, an employer divides the exchange in its overall sales by way of the alternative of its overall output amount. Marginal revenue is the same as the promoting fee of a single extra item that became sold. beneath is the marginal sales formula: Marginal revenue = alternate in revenue/alternate in amount.
Marginal sales refer back to the incremental trade in profits resulting from the sale of one additional unit. reading marginal sales helps an employer pick out the revenue generated from every extra unit bought.
Marginal revenue is the cash a company makes for each extra sale. In different phrases, it determines how a whole lot a company might obtain from promoting one further suitable. for example, if a baker sells an additional loaf of bread for $2, then their marginal sales are likewise $2.
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Under the flow of funds in a revenue bond trust indenture, net revenue is defined as gross revenue minus?
Beneath the drift of price range in a revenue, bond believes indenture: three running and upkeep expenses, net revenues are described as gross revenues much less operation and protection charges.
Revenue is the whole amount of earnings generated through the sale of products or offerings related to the company's primary operations. revenue, also called gross sales, is frequently called the "pinnacle line" as it sits at the pinnacle of the income announcement. income, or internet income, is an agency's general income or profit.
Revenue, also regarded absolutely as "income", does now not deduct any expenses or fees related to operating the commercial enterprise. profit is the amount of income that stays after accounting for all expenses, debts, additional earnings streams, and working expenses.
The simple revenue definition is the entire amount of cash introduced with the aid of an agency's operations, measured over a set amount of time. A commercial enterprise's sales are its gross profits before subtracting any prices. income and total income define revenue—it's far the economic advantage through sales and/or services rendered.
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which of the elements of this scenario represent a flow from a firm to a household? this could be a flow of dollars, inputs, or outputs. check all that apply.the car wash caroline receivesthe $350 antonio spends to purchase legal service from rowan and martin associatescaroline's laborthe $225 per week antonio earns working for spotless car wash
The $425 per week Andrew earns working for Spotless Car Wash
The car wash Beth receives
Looking at a few simple measurements of the financial system has allowed you to be extra concrete approximately the troubles in Argentina. You document again to the International Monetary Fund (IMF) group that manufacturing has been declining in latest years. You additionally document that there has been a latest boom with inside the fee level. As yet, though, you do now no longer recognize something approximately both the reasons or the effects of those events. Measurement of the financial system tells you what has passed off, however it tells you neither why it passed off nor what it means. Measurement isn't enough. We want frameworks to assist us make feel of the facts that we gather. Economists use many extraordinary styles of frameworks to make feel of an financial system. One of the maximum essential is referred to as the round waft of income. To apprehend the round waft, remember our operating definition of financial activity: “items and offerings produced for sale.” So far, we've targeted on manufacturing. Now we reflect on consideration on the “for sale” part.
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As of June 28, 2020, Cedar Fair had issued $201.5 million in season passes. Cedar Fair estimated that guests would use passes worth
$41.9 million during the remainder of 2020, $61.9 million from January 1 to June 30, 2021, and the remaining $97.7 million after June
30, 2021. What amounts should Cedar Fair classify as current versus noncurrent, in its balance sheet on June 28, 2020?
Based on Cedar Fair issuance of season passes,$103.80 million would be classified under current whereas $97.7 million is non-current
What does current classification indicates in the balance sheet?
The current classification in the balance sheet refers to assets that would be used up in up to a year or liabilities that would be settled within a year, any other item whose usage or settlement date is beyond 1 year is classified as non-current asset or liability.
In this case, Cedar Fair would classify the the amount of season passes usable within a year under the current liability and the remainder value of season passes that would be used after after June30, 2021 as non-current liability.
current liability=$41.9 million+ $61.9 million=$103.80 million
non-current liability=$97.7 million
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Assume that boca co. wants to expand its business to japan, and wants complete control over the operations in japan. which method of international business is most appropriate for boca co?
The method of international business that will be most suitable for expansion of Boca Co. in Japan will be establishment of Japanese subsidiary.
The trade of goods, services, technology, capital, and/or knowledge across national borders and on a global or transnational scale is referred to as international business. It entails the exchange of goods and services between two or more countries. Economic resource transactions include the exchange of capital, skills, and people for the purpose of international production of physical goods and services such as finance, banking, insurance, and construction. Globalization is another term for international business.
To conduct international business, multinational corporations must connect separate national markets into a single global marketplace. Two macro-scale factors highlight the trend toward greater globalization. The first is to remove barriers to facilitate cross-border trade (e.g., free flow of goods and services, and capital, referred to as "free trade"). The second factor is technological advancement, particularly in communication, information processing, and transportation technologies.
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Organizational performance can be measured by how well an organization achieves its ______ while efficiently maximizing its _______.
Organizational performance can be measured by how well an organization achieves its goals while efficiently maximizing its performance.
Financial measures of performance relate to organizational effectiveness and profits. Examples consist of monetary ratios such as return on assets, return on equity, and return on investment. different common monetary measures consist of profits and stock charges.
Employee productiveness. How efficiently do corporations meet their goals. The alignment among business functions, in addition to the ones capabilities' alignment with the agency's approach. Organizational lifestyle and weather.
Organizational effectiveness refers to how a business enterprise has completed complete self-consciousness due in part to Leaders setting properly-defined goals for personnel and outlining ways to effectively execute one's desires. Management enforcing clean decision-making processes and conversation pipelines.
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deceptive packaging includes exaggerating package contents through subtle design and misleading labels.
Deceptive packaging includes exaggerating package contents through subtle design and misleading labels or describing size in misleading terms.
Truth is a powerful and essential component of marketing, but as competition rises and firms seek to acquire a competitive edge, they now place a greater emphasis on what consumers perceive and believe.
Deceptive packaging it misleads the customer about a variety of factors, including substance, size, form, quantity, and more. Companies utilize it to entice customers and persuade them to buy their goods by giving them an impression that contrasts with the products' original packaging.
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Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of direct materials used for the year?.
Your question is incomplete. Here is the full question:
The following accounts are from last year's books of Sharp Manufacturing: Raw Materials Bal 0 (b) 156,400 (a) 170,000 13,600 Work In Process Bal 0 (f) 519,600 (b) 133,200 (c) 170,400 (e) 216,000 0 Finished Goods Bal 0 (g) 472,000 (f) 519,600 47,600 Manufacturing Overhead (b) 23,200 (e) 216,000 (c) 27,200 (d) 158,400 7,200 Cost of Goods Sold (g) 472,000 Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of direct materials used for the year?
Answer:
Used in Production $ 133,200
Explanation:
Raw Materials T accounts:
DEBIT CREDIT
Beginning 0
Used 156,400
Purchased 170,000
Ending Balance 13,600
Glancing at the T-account, the debit conveys purchases of Raw materials, while the credit is the number of materials utilized, whether indirect or direct.
To glance for the amount used, we glance into:
WIP inventory
DEBIT CREDIT
133,200 <-- DIRECT MATERIALS
Manufacturing Overhead
DEBIT CREDIT
23,200 <-- INDIRECT MATERIALS
Job order costing is a costing technique utilized to define the cost of production per product. This costing method is normally adopted when a manufacturer delivers various products and requires calculating costs for doing individual jobs. Job costing incorporates direct labor, direct materials, and manufacturing overhead for that special job.
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A firm contemplating expansion should ultimately choose a foreign market based on an assessment of the nation's long-run profit potential. group of answer choices true false
A firm contemplating expansion should ultimately choose a foreign market based on an assessment of the nation's long-run profit potential - True
What is foreign market?
Foreign markets are defined as markets that exist outside of a company's home country. Dealing with distinct languages, cultures, laws, rules, regulations, and requirements when selling in international markets.
Merging with a company from another country is laden with complications. To minimize any complications that may develop, it is critical that you are familiar with the local market, particularly the quality of candidates accessible.
Foreign market analysis is a broad subject. The first factor to examine when studying global markets is the country or location in which a company intends to launch its international operations. As described in the study of Foreign market, issues such as political, economic, and social factors are critical.
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which statement about marketing activities is most accurate? group of answer choices marketing is affected by society but rarely, if ever, affects society as a whole. the marketing department works closely with other departments and employees to implement marketing activities. marketing activities are the sole responsibility of the marketing department; other departments are involved only if there is an emergency (such as a product recall). environmental forces do not affect marketing activities as long as a firm closely monitors its environment through rigorous market research. marketing directs the activities of all other departments in a business.
Internal and external interactions shape and are shaped by the Marketing department.
Marketing activities are methods and strategies used by businesses to persuade customers to purchase goods or services. Marketing operations can also include initiatives such as market research to better understand customers.Marketing strategy is a means for directing a company's limited resources toward the most promising opportunities for increasing sales and long-term strategic edge.Marketing strategists are in charge of studying, devising, and communicating strategic marketing plans in order to achieve the company's objectives. They direct and optimize marketing activities for company and client initiatives, collaborating with cross-functional teams to carry them out.Marketing objectives are measurable goals that explain the expected outcomes of your marketing approach. The most effective objectives should also match with and compliment your overall business goals.Thus this is the meaning of Marketing activities.
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some u.s. hospitals outsource radiology work to india. this is possible because of advancements in blank . multiple choice question. technology customer service legislation tariffs
Some u.s hospitals outsource radiology work in India. This is a recent advancement that is possible because of advancement in technology.
Why do hospitals in the USA subcontract their radiology services to nations like India?
Currently, radiology reporting is routinely outsourced by institutions in the USA, UK, and Singapore to nations in Europe and Asia, including India. This is all because they require prompt and capable expert assistance. During medical emergencies, it is crucial that diagnostic services are easily accessible.
Radiology services will be nearly completely outsourced as teleradiology continues to advance. After all, this approach might be able to handle more than 90% of typical x-ray, MRI, CT, and ultrasound tests.
Teleradiologists specialized in different subspeciesPeer-reviewed reportsCompetitive pricing to benefit your budgetApplicable to a variety of medical operationsFull support services
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the first stage of the change process should be: a. maintaining the change. b. planning and implementing the change. c. engaging people in the change. d. it is not a linear process. you will often find yourself working in many stages of the process simultaneously.
The first stage of the change process should be planning and implementing the change. Shock, rage, acceptance, and commitment are the stages. People's initial response to the change is probably going to be astonishment or denial since they don't want to believe that change is actually happening.
When there is no immediate intention planning to change behavior, the stage is known as precontemplation. A straightforward and simple paradigm for humanizing the change management process is Lewin's change model. You are able to plan and carry out the necessary modification using these three separate stages of change . Precontemplation, thought, planning, doing, maintaining, and ending.
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A project job had been forecast to take 12 months and an estimated 41,600 man hours of work. how many persons working one shift would be needed to complete this project?
To finish this project, 20 people working one shift would be required.
Just how do we calculate value?Round off all the numbers to the same place value before adding them to obtain an idea of the total. Round all the integers to the same place value and subtract them to get an idea of the difference.A list of potential costs and completion timelines for a building project serves as an example of an estimate. a provisional assessment or approximate calculation, especially one of value, amount, or size. A calculation of the storm's damage. Looking at the digit immediately to the right of the digit you wish to estimate is the usual rule for estimation. Looking at the digit to the right of the decimal is necessary for estimating or rounding to the nearest whole number.Therefore the correct answer is c. 20
The complete question is:
A project job had been forecast to take 12 months and an estimated 41,600 man hours of work. How many persons working one shift would be needed to complete this project?
a. 5
b. 10
c. 20
d. 25
e. 30
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this intelligence product category forecasts current or potential situations with implications for planning and executing military operations.
The estimative intelligence product category forecast current or potential situations with implications for planning and executing military operations.
The implication of the planning means to implement all the steps of the planning. In this question, we have to determine the product category of intelligence used in the forecasting. The estimative intelligence product category is the product category that is used for the forecast's current situation. Because the estimative intelligence is a type of intelligence in which the different types of the estimates are made by the company along with the strategy to implement the planning and executing military operations. In estimative intelligence plans are made in advance to complete the military operations. Hence, the estimative intelligence is used to forecast the current situation.
Therefore, Estimative intelligence forecasts situations that could have an impact on organizing and carrying out military actions
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Communication as the means of coming to know who we are is known as satisfying ________ needs.
Communication as the means of coming to know who we are is known as satisfying Identity needs.
Since we enter the world with little to no sense of who we are and only acquire one by the way others define us, communication serves as a significant means by which we learn who we are as people.
Communication: a method by which people communicate with one another by using a shared set of signs, symbols, or actions.
Communication as the means of coming to know who we are is known as satisfying Identity needs.
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scenario planning has a short-term focus and is typically associated with planning at the supervisory level.
Scenario planning is frequently related to planning at the supervisory level and has a short-term focus. Procedures are limited-purpose plans that are only required if an organization lacks policies. Many managers overlook planning in favor of concentrating on current job issues.
Explain what scenario planning is.
In scenario planning, you make predictions about the future and how your company's environment will evolve over time in response to it. A more exact definition of scenario planning is the identification of a certain collection of uncertainties, or various "realities," of what could transpire in the future of your company.
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Explain the difference between a price-consumption curve and a demand curve. a price-consumption curve shows
The price consumption curve (PCC) depicts the quantities of two items that a consumer will buy as the price of one of the goods varies, whereas the demand curve depicts the quantity of one good that a customer will buy as the price of that good changes.
When the price of a good varies, the price consumption curve illustrates how many goods a consumer can buy. As a result, it not only aids in the analysis of indifference curves but also indicates the elasticity of the commodities involved. The demand curve allows you to compare price reductions to the demand.
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The time between when the firm pays its suppliers and when it collects money from its customers is known as the:_____.
The time between when the firm pays its suppliers and when it collects money from its customers is known as the cash conversion cycle.
The Cash conversion cycle is also knows as cash-to-cash cycle time.
It is the time which lies between when any business pays its suppliers and when the business receives payment from its customers.
It is usually expressed in days.
Cash conversion cycle is calculated as:
ƒ (Days of Inventory Outstanding) + (Days of Sales Outstanding) - (Days of Payables Outstanding)
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If I want to run a gun to see if it is stolen?
10-29
10-7
10-27
10-28
10-7 If I want to run a gun to see if it is stolen.
A gun is a ranged weapon designed to apply a capturing tube to release projectiles. The projectiles are normally solid, however also can be pressurized liquid, gas or maybe charged particles. Solid projectiles may be loose-flying or tethered. A big-caliber gun is also known as a cannon.
A gun is an everyday name for all firearms, or portable weapons that hearth projectiles supposed to kill. Portable firearms started around 1000 ad in China with the invention of gunpowder
The cause is squeezed, releasing the firing pin, which moves forward with remarkable pressure. The firing pin strikes the primer, inflicting it to explode.
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a young couple, with a high credit score, would like to buy a run-down house in a high-risk neighborhood.
If young couple with a high credit score would like to buy a run down house in a high risk neighborhood. the lender refuses to lend in that neighborhood, the lender is guilty of redlining.
What is credit score?Credit score is a score that enables lender to know if a borrower can payback the money they lend to them. A high credit score means the borrower will payback the money lend to that within the repayment stipulated period while a low credit score is a sigh that the borrower may not payback the loan amount lend to them.
Redlining is when a service provider refuse to render a service to a person or an individual that reside in some area due to their race.
The lender is guilty of redlining because despite the couple high credit score the lender refuses to lend them because of the neighborhood they came from.
Therefore If young couple with a high credit score would like to buy a run down house in a high risk neighborhood. the lender refuses to lend in that neighborhood, the lender is guilty of redlining.
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The complete question is:
a young couple with a high credit score would like to buy a run down house in a high risk neighborhood. the lender refuses to lend in that neighborhood, the lender is guilty of
A menu item with a price of $12.75 and a cost of food of $7.50 has a contribution margin of _____?
A menu item with a price of $12.75 and a cost of food of $7.50 has a contribution margin of $5.25
Contribution margin indicates you the aggregate amount of sales available after variable charges to cowl constant prices and offers profit to the company,” Knight says. you may think of this as the portion of sales that allows offsetting constant charges.
calculation,
menu item with a price of $12.75
cost of food of $7.50
Contribution margin = $12.75 - $ 7.50
=$5.25
Contribution margin is useful for figuring out how income, variable prices, and glued expenses all have an impact on operating profit. It offers enterprise owners a manner of assessing how numerous income levels will have an effect on profitability. it is able to be calculated on the unit or overall level and can be expressed in dollars or as a percentage.
The contribution margin ratio is the distinction between an organization's sales and variable expenses, expressed as a percentage. the overall margin generated through an entity represents the full income to be had to pay for fixed costs and generate earnings.
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In the interview in the ""introduction to marketing""-lecture on 09/13/22 a company representative of fidelity described how fidelity segments their markets. Based on which factors does fidelity segment their markets?.
Mass marketing, often known as undifferentiated marketing, is a tactic that involves developing a single message for every possible audience. It increases brand recognition and enables firms to contact more customers at a reduced cost.
It encompasses all the activities that companies undertake to push, sell, and distribute that product or service. The goal is to come up with sales and build a loyal Marketing customer base by informing prospective and existing buyers about the offering. The key purpose of selling is to induce people to inquisitive about the products or services of an organization.
This happens through market research, research and contemplating the interest of a business's ideal customers and attracting them through messaging which might be educational and helpful to a business's target group.
Marketing Management is an organizational discipline, which deals with the sensible application of promoting orientation, techniques and methods in enterprises and organizations and with the management of a company's marketing resources and activities.
The underside line of any business is to form money and marketing is a vital channel to achieve that end goal. Creative explained that without marketing many businesses wouldn't exist because marketing is ultimately what drives sales.
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Surveys+indicate+that+more+than+90%+of+all+fortune+500+companies+have+some+sort+of+policy+that+covers+_____________.
The fill in the blank is sexual orientation
Surveys can be narrowly focused or they might have more general, widespread objectives. Survey research is frequently used to evaluate thoughts, views, and feelings. In addition to being utilized to satisfy the more practical requirements of the media, such as evaluating political candidates, public health authorities, professional organizations, and advertising and marketing directors, surveys are frequently employed by psychologists and sociologists to evaluate behavior. Survey research has also been used in a variety of medical and surgical fields to learn more about how healthcare professionals practice and how they view different clinical issues and diseases. Healthcare professionals that may be enrolled in sample surveys in include doctors, nurses, and physical therapists among others
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a retailer owns a large online business selling antiques. they want to create a display campaign. what are two of the three inputs they must supply to create a display campaign? choose two.
Budget amount and Creative assets they must supply to create a display campaign.
what do you mean by Creative assets?Creative assets are the records you transfer to supply advertisement substance. For case, picture records, wealthy media records, and HTML5 records are all imaginative resources. They are the records that create the creatives in your advertisements. A inventive is the substance users see; resources are the records that make up the creative
Digital asset management (DAM) frameworks offer assistance organizations to store, organize, discover, recover and share their whole computerized substance catalogue from one put.
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a high school in a low-income area offers special programs to help students acquire the technical skills needed to find jobs as computer technicians. this program is most strongly related to which aspect of life? culture culture society society economy economy ethics ethics
A high school in a low-income area offers special programs to help students acquire the technical skills needed to find jobs as computer technicians. this program is most strongly related to the economy Option C
This is further explained below.
What is economics?Generally, Students who attend a high school located in a low-income community have access to specialized programs designed to assist them in acquiring the technical skills necessary to obtain employment as computer technicians.
In conclusion, economics is the topic that is most directly relevant to this curriculum. Alternative C
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as presented in this chapter, key advancements in sustainable agriculture that boosted productivity included:
key advancements in sustainable agriculture that boosted productivity included advances in social, environmental, and economic development.
The impact of generation on agriculture is better tested with the automation of irrigation structures. these systems have revolutionized how water is furnished to vegetation enhancing the efficiency of water distribution and the quality and quantity of agricultural manufacturing. contemporary agriculture robotically makes use of sophisticated technology inclusive of robot temperature and moisture sensors aerial pics, and GPS generation.
These advanced gadgets and precision agriculture and robot systems permit companies to be greater profitable green safer, and more environmentally pleasant. Sustainable agriculture ought to fulfill human desires, enhance environmental excellent and the herbal aid base to sustain the economic energy of meals and agriculture systems, and enhance the exceptional lifestyles for farmers,
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the national differences in the quality of factors of production help companies multiple choice question. improve the quality or functionality of their product offering. lower their profit margin thus allowing them to compete more effectively. increase the barriers to cross-border trade. increase the overall cost structure of their business operations.
Growing demand and new industry capabilities in the emerging world are changing global value chains. Financial success is a constant problem for all nations in the world, irrespective of their level of economic growth.
Assessing your company's foreign market goals, product-related costs, market demand, and competitiveness are important components. These all help to increase economic growth, which is the most effective means of reducing poverty in emerging nations.
Efficiency in production, distribution, marketing, and administration are essential for success in the global marketplace, which ultimately shifts its attention to price.
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When tying cost to staffing for the annualizing method, the cost of nonproductive days is already in the formula. True or false
How can diversity enrich the operations and effectiveness of sport organizations?
In communities that foster and sustain a mixed workforce, people who operate in groups can interact with others who bring a wide variety of experiences, perspectives, and opinions.
In what ways does diversity help people in sports organizations?Advantages of diversity contain increased creativity and less groupthink. Groupthink occurs when too many like-minded people degrade different ideas, about other possibilities and ideas as deliberate sabotage or influencing opinions. Equality is around identifying and removing the obstacles faced by people involved, or desiring to be interested in sport organisation. It is about changing the culture of sport to one that appreciates diversity and enables the full involvement of disadvantaged classes in every aspect of the sport.
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kitts co. buys and sells a product that has a variable cost per unit of $25. kitts’ fixed costs amount to $47,000 and a desired profit of $11,500. the product sells for $29 each. if kitts is able to reduce fixed costs by $15,500, the number of units that must be sold to earn the desired profit will multiple choice increase by 14,625.
The answer is decrease by 3,875.
A variable cost is what?
A variable cost is a type of business expense that varies depending on how much a company makes or sells. Depending on a company's production or sales volume, variable costs grow or fall; they increase with rising production and decline with falling production.
Examples of variable costs include raw material and packaging prices for manufacturing businesses, as well as credit card processing fees and shipping charges for retail businesses, which fluctuate with sales. You can compare a variable cost against a fixed cost.
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