Net profit is the total amount of money that a business has earned after subtracting all expenses, taxes, and costs associated with running the business. It is calculated by subtracting the total expenses from the total income.
In other words, it is the money that remains after all the costs associated with running the business have been accounted for. The formula for calculating net profit is: Net Profit = Total Income – Total Expenses. Net profit is also known as net income or bottom line. It is an important metric for businesses as it helps them understand their financial health. Net profit is also a key indicator for investors, as it helps them evaluate the performance of a business over time.
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priam designs inc. is recruiting fashion designers through linkedin. this recruiting approach typically provides direct access to the .
Priam Designs Inc. is recruiting fashion designers through LinkedIn, which typically provides direct access to potential candidates.
This approach can be beneficial for the company, as it allows them to search for highly qualified professionals in the fashion industry.
Additionally, LinkedIn offers various tools to help companies better manage their recruitment process, such as viewing profiles, searching for qualified individuals, and tracking applications.
Additionally, LinkedIn can be used to post job openings, send messages to candidates, and screen applications. By utilizing LinkedIn for their recruiting needs, Priam Designs Inc. can ensure they are connecting with the best talent in the fashion industry.
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a valid contract requires question 28 options: a) specific quality standards. b) an offer and an acceptance. c) a duration and termination provision. d) a price and a subject.
The fundamental components necessary for the agreement to be a legitimate offer and acceptance, appropriate consideration, capacity, and legality are: mutual assent stated by them; adequate consideration; adequate consideration; and capacity.
What is specific quality standards and termination provision?
Documents that give rules, specifications, guidelines, or characteristics that may be applied consistently to guarantee that materials, products, processes, and services are appropriate for their intended use are referred to as quality standards.
In project management (PM), the term "quality standards" refers to the paperwork that specifies the needs, rules, and principles for achieving consistent quality across projects from the beginning through all phases till conclusion. A contract must have many essential components in order to be legally binding: clearly stated conditions (contract terms), consent from both parties, who must be of sound mind; and legality (i.e., the agreement cannot be related to criminal acts). Most people sign contracts several times throughout the course of their lives.
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rebeya is setting goals with the executive team of her organization. these goals include financial and productivity goals, as well as environmental and sustainability goals. which type of goals is rebeya establishing?
Rebeya is establishing a set of multidimensional goals that encompass financial, productivity, environmental, and sustainability objectives. These types of goals are commonly referred to as "balanced scorecard" goals or "integrated goals."
The ''integrated goals'' recognizes that an organization's success cannot be measured by financial metrics alone, but rather by a combination of factors that contribute to long-term success and sustainability.
By setting multidimensional goals, Rebeya is taking a holistic approach to management that considers not only the financial bottom line but also the impact of the organization's activities on the environment and society.
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the well-run organization strives for compensation that treats similar positions equitably and that is competitive with similar employment elsewhere. why? are you sure you agree? if you have doubts, what are the alternatives?
Well-managed organizations will provide alternatives including offering flexible working hours or other forms of benefits such as health insurance or retirement plans.
The well-run organization strives for compensation that treats similar positions equitably and that is competitive with similar employment elsewhere because it helps to attract and retain qualified employees. Offering competitive compensation packages ensures that the organization can attract top talent and keep them motivated to perform their best. Additionally, equitable compensation can improve employee morale and job satisfaction, leading to higher productivity and better outcomes for the organization as a whole.
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which dimensions used to judge the merits of competing options. question 70 options: category exemplars levels of abstraction evoked sets competing sets
Evaluative criteria are dimensions used to judge the merits of competing options.
Correct answer is (option b)
To judge the merit of competing options, we often use a set of dimensions called "evaluative criteria."
These criteria help us compare and contrast different options based on their relative strengths and weaknesses.
In mathematical terms, evaluative criteria can be thought of as a set of vectors that represent different dimensions of comparison.
Each vector has a magnitude and a direction, which corresponds to the importance and directionality of the criterion.
The magnitude indicates how much weight we give to each criterion, while the directionality specifies whether we prefer higher or lower values for that criterion.
So, the option (b) is correct.
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Complete Question:
________ are dimensions used to judge the merits of competing options.
A) Evoked sets
B) Evaluative criteria
C) Levels of abstraction
D) Category exemplars
suppose the gasoline tax is increased. will gasoline sellers, workers, or consumers be most impacted? use the concept of elasticity to explain your answer.
The increase in the gasoline tax will most likely impact consumers the most. The concept of elasticity states that when the price of a good increases, the demand for that good decreases, and vice versa. Therefore, when the gasoline tax is increased, consumers will likely buy less gasoline, thus impacting them the most.
When the gasoline tax is increased, it will have the most impact on consumers. This is due to the concept of elasticity, which states that the responsiveness of demand to changes in prices is dependent on the good or service being provided. In the case of gasoline, demand is relatively inelastic, meaning that an increase in the tax rate will cause a larger proportional increase in the price of gasoline than in the quantity sold. Thus, consumers will feel the greatest impact of the increased gasoline tax.
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PILLAY MANUFACTURERS (PM) mutual agreement for work performed at night after 18:00 and before 6:00 the following day. Pillay manufacturers specialises in the manufacturing of fruit juice. Employees at PM have a normal rate. PM provided all black employees with learnerships and learning programmes. Black females are given opportunities to be included in shareholding in the business. Newly appointed employees were given access to the employment contract and were also inducted on different aspects. The induction programme included the following aspects: The tour of the premises, introduction to key people and immediate colleagues and a discussion of employee benefits. The business strives to set a code for ethical and effective leadership by the board of directors, by ensuring that all King Code principles are applied in all dealings. Employees have demonstrated some unprofessional business practices by taking extended lunch breaks to do their shopping. 1.1.1 PM needs to identify problems that affect their operations to make informed decisions. Brainstorming and force field analysis have been applied to enable them to solve complex business problems. Name TWO provisions of BCEA from the scenario above
Considering the scenario above, the two provisions of the BCEA would be:
The mutual agreement for night work after 6 pm and 6 am.The induction program that includes discussing employee benefits.What is the BCEA?Corresponds to an acronym for Basic Conditions of Employment Act, which is a South African labor law, which aims to provide decent standards and rights for local workers. Some of its principles are related to:
Working hoursOvertimeAnnual leaveLicensesTermination of the employment contractTherefore, BCEA is essential for labor regulation in South Africa, establishing rules on wages, child labor and other workers' rights.
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you are looking at figures and trying to understand the overall message weight for your client's shaving cream ads. you remind yourself that some people who watched the ad on a tv program may have also seen it in a magazine. this is called:
After analyzing the scenario, you remind yourself that some people who watched the ad on a tv program may have also seen it in a magazine. this is called: cross-platform viewing.
Cross-platform viewing refers to the phenomenon of people interacting with advertising content across different media platforms. This could mean that someone who viewed a shaving cream ad on a TV program may have also seen the same ad in a magazine. Understanding cross-platform viewing is crucial for marketers trying to determine the effectiveness of their advertising campaigns.
By taking into account how consumers engage with content through various channels, marketers can gain a more comprehensive understanding of their target audience's behaviors and preferences. This, in turn, can help them craft more effective advertising strategies in the future.
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A foodborne illness is a disease that
Answer:
Food poisoning, a type of foodborne illness, is a sickness people get from something they ate or drank. The causes are germs or other harmful things in the food or beverage.
Symptoms of food poisoning often include upset stomach, diarrhea and vomiting. Symptoms usually start within hours or several days of eating the food. Most people have mild illness and get better without treatment.
Explanation:
a u.s. insurance company purchased british 20-year treasury bonds instead of u.s. 20-year treasury bonds because the coupon rate was 2 percentage points higher on the british bonds. assume that the insurance company sold the bonds after five years. its yield over the five-year period was substantially less than the yield it would have received on the u.s. bonds over the same five-year period. assume that the u.s. insurance company had hedged its exchange rate exposure. given that the lower yield was not because of default risk or exchange rate risk, explain how the british bonds could have generated a lower yield than the u.s. bonds. (assume that either type of bond could have been purchased at the par value.) if british interest rates declined or remained constant while u.s. interest rates increased, the u.s. bonds could have been sold at a much higher price than british bonds. if british interest rates increased or remained constant while u.s. interest rates declined, the u.s. bonds could have been sold at a much higher price than british bonds. if british interest rates increased or remained constant while u.s. interest rates declined, the u.s. bonds could have been sold at a much lower price than british bonds.
The 20-year Treasury bonds purchased by the U.S. insurance company were British, rather than U.S. bonds, because the coupon rate was 2 percentage points higher on the British bonds.
After five years, the yield the insurance company received from the British bonds was substantially lower than the yield it would have received from the U.S. bonds.
This lower yield was not due to default or exchange rate risk, as the company had hedged its exchange rate exposure.
The lower yield was likely due to changes in interest rates. If British interest rates decreased or remained constant while U.S. interest rates increased, the U.S. bonds could have been sold at a much higher price than the British bonds, which would have resulted in a lower yield for the insurance company.
Similarly, if British interest rates increased or remained constant while U.S. interest rates declined, the U.S. bonds could have been sold at a much lower price than the British bonds, again resulting in a lower yield.
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jim's car was totaled in a wreck. he failed to yield to oncoming traffic and jim was found to be at fault. the driver of the car he hit did not have insurance. jim's own car insurance policy reimbursed him for the property damage to his own vehicle. what type of coverage would pay for this? g
Option (d) is correct. If Jim’s own car insurance policy reimbursed him for the property damage to his own vehicle then collision coverage would pay for that.
Collision coverage insurance is known for a coverage which helps pay to repair or replace your car if it's damaged in an accident with another vehicle or object such as a fence or a tree. If you're leasing or financing your car this insurance coverage is required by the lender. If your car is paid off, collision is an optional coverage on your car insurance policy as per the collision insurance. It helps pay to repair or replace your vehicle if it's damaged from collision with another vehicle, collision with an object, such as a building or a tree, single-car accident that involves rolling or falling over badly. This insurance coverage has a limit which is the maximum amount your policy will pay toward a covered claim.
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The complete question is,
Jim’s car was totaled in a wreck. He failed to yield to oncoming traffic and Jim was found to be at fault. The driver of the car he hit did not have insurance. Jim’s own car insurance policy reimbursed him for the property damage to his own vehicle. What type of coverage would pay for this?
A)Liability coverage.
B)Uninsured motorist coverage.
C)Comprehensive coverage.
D)Collision coverage.
do trade restrictions evoke retaliation by trade partners, and how would this affect the gains from trade?
Yes, trade restrictions can evoke retaliation by trade partners, which can reduce the potential gains from trade.
Trade restrictions do evoke retaliation by trade partners, and this affects the gains from trade significantly. Trade restrictions and retaliations can lead to economic difficulties for both the country imposing the tariffs and the country affected by the tariffs.
A trade restriction is an action taken by a government to restrict or prohibit imports or exports of goods and services. Tariffs, quotas, and subsidies are examples of trade restrictions.
They are put in place to protect domestic industries or to address political concerns. Trade retaliation is a response to trade restrictions.
It refers to the act of imposing restrictions on another country in retaliation for the restrictions imposed by that country.
So, Yes trade restrictions evoke retaliation by trade partners affecting the gains from trade.
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an industry whose average total cost curve shifts upward as the industry expands and shifts downward as the industry contracts is known as a(n) industry.
An industry whose average total cost curve shifts upward as the industry expands and shifts downward as the industry contracts is known as a "decreasing-cost industry."
What is a decreasing-cost industry.?In a decreasing-cost industry, as the industry expands and the total output increases, the per-unit cost of production decreases due to various factors such as economies of scale, lower input costs, and better technology.
This makes it easier for firms to enter the industry and compete, which leads to further expansion and a downward shift in the average total cost curve. On the other hand, if the industry contracts, the per-unit cost of production increases, which leads to a shift upward in the average total cost curve, making it more difficult for firms to operate and compete in the industry.
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which of the following items are included in cash? multiple select question. checks from customers accounts receivable from customers currency and coins balance in checking accounts notes receivable from customers
Currency and coins are physical forms of money and are the most liquid assets of a business and is included in cash.
Therefore, correct option is : A. Currency and coins.
Checks from customers are pieces of paper that are written by customers that promise payment of a certain amount of money. Balance in checking accounts refers to the amount of money available in a business’s checking account.
Accounts receivable from customers are not considered cash. Accounts receivable is an asset that arises from the sale of goods or services and represents the amounts due from customers. Notes receivable from customers are not considered cash either. Notes receivable is a legal promise to pay a certain amount of money at a specified date and may involve interest payments.
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the implied warranty of merchantability shifts the burden of proof from multiple choice producers to consumers. suppliers to consumers. producers to suppliers. consumers to producers.
The implied warranty of merchantability shifts the burden of proof from multiple-choice producers to consumers.
What is an implied warranty? An implied warranty is a type of warranty in which it is not necessary to provide a written guarantee. It is also referred to as an unwritten guarantee. The implied warranty exists under the terms of a sale, and it is made by operation of law rather than by explicit written guarantee. When goods are sold, the implied warranty of merchantability may be an element of that sale.
What is the implied warranty of merchantability? The implied warranty of merchantability is a guarantee made by the seller that the goods being sold are in good working order, fit for use, and free of any defects that would make them unusable. An implied warranty of merchantability, like an express warranty, provides consumers with protection against defective goods. This means that if a product fails to meet its reasonable intended purpose, a consumer can make a claim. This warranty assures that the product will be used for its intended purpose.
The burden of proof is shifted from producers to consumers by the implied warranty of merchantability. Producers are not required to prove that their product is free of defects if a consumer makes a claim. Rather, it is up to the consumer to demonstrate that the product is defective, which puts the burden of proof on the consumer.
Therefore, it can be concluded that the implied warranty of merchantability shifts the burden of proof from producers to consumers.
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according to karl marx, how do capitalists profit by extracting surplus labor value from workers? group of answer choices
Karl Marx believed that capitalists profit by extracting surplus labor value from workers.
This occurs when capitalists pay workers only for a portion of their labor, while taking the rest of their labor as profits. The difference between the value of the labor and the wages the workers receive is what Marx referred to as surplus labor value.
In other words, capitalists are able to acquire a larger amount of labor than they are paying for. For example, a capitalist may pay a worker $10 an hour, but the actual value of their labor could be much higher than that.
The difference between the $10 and the true value of their labor is the surplus labor value that the capitalist is able to extract. By extracting surplus labor value, capitalists are able to increase their profits without directly increasing their wage costs.
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one of your roles as a social media marketer is to mitigate any chance of getting blindsided by a crisis. how do you do that?
In order to mitigate any chance of getting blindsided by a crisis as a social media marketer, it is important to stay vigilant and be aware of any potential risks or issues that could arise.
Monitor trending topics and industry news, as well as customer feedback, for any signs of an issue. Additionally, be prepared with a crisis plan that can be implemented quickly if needed.
This should include a plan of action for communication, strategies for addressing and resolving any issues, and clear lines of authority for decision making.
That way, if a crisis does arise, your team will be ready to handle it.
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As the marketing director for a mid-range chain hotel in rural Indiana that boasts several locations worldwide, you have been informed that your hotel is losing business to some of its nearby competitors. What would you do or implement to try and rectify the situation? Identify and evaluate several marketing channels that you could use to promote your hotel's destinations and products
As the marketing director, I would recommend implementing a multi-pronged marketing strategy that leverages various channels to promote the hotel's destinations and products.
Here are a few potential marketing channels that could be used:
Social Media Advertising: Target specific demographics with ads to showcase hotel amenities, highlight promotions/events, and provide information about local attractions.Content Marketing: Create engaging content (blog posts, videos, infographics) to attract potential customers, showcase local attractions, and provide insights into the hotel's unique offerings.Influencer Marketing: Partner with influencers to reach new audiences, promote special promotions/events, showcase hotel amenities, and provide travel recommendations.Email Marketing: Cost-effective way to stay in touch with customers by sending newsletters and promotional emails about special offers and events.Search Engine Optimization (SEO): Optimize website for search engines by using relevant keywords and optimizing content to improve visibility and attract organic traffic.What is SEO?
SEO stands for Search Engine Optimization. It refers to the process of optimizing a website's content and structure to improve its visibility and ranking in search engine results pages (SERPs). The goal of SEO is to attract more organic traffic to a website by making it more relevant and valuable to search engine users.
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what a group of people believe to be good, right, and desirable is the definition ofmultiple choice question.government.culture.economics.values.
Culture is the correct answer for the given question.What a group of people believe to be good, right, and desirable is the definition of culture.Culture is defined as the way of life of a particular group of people, including their behaviors, beliefs, values, and symbols.
It encompasses every aspect of their life, such as language, religion, music, art, customs, traditions, and social norms.Culture is a dynamic concept that is constantly evolving over time. It is a product of human creativity and adaptability to the environment.
It helps people to make sense of the world and create a sense of identity, community, and belongingness.Culture influences how people behave, communicate, and interact with each other. It also shapes their perceptions, attitudes, and beliefs about the world.
It plays a vital role in shaping people's lives, relationships, and social institutions.
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parkway void co. issued 16-year bonds two years ago at a coupon rate of 10 percent. the bonds make semiannual payments. if these bonds currently sell for 98 percent of par value, what is the ytm? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The Yield to Maturity (YTM) of the bonds issued by Parkway Void Co. two years ago with a coupon rate of 10% and semiannual payments is 9.39%.
The YTM of a bond is the rate of return an investor can expect if he/she holds it until its maturity date. It is calculated by considering the current market price of the bond, its coupon rate, the time to maturity, and the face value of the bond. In this case, the bond has a coupon rate of 10%, the face value is par value, and the time to maturity is 16 years. Since the bond is currently selling at 98% of par value, we can calculate the YTM using the following formula:
YTM = (Coupon Rate + (Par Value – Market Price) / Number of Years to Maturity) / 2
Therefore, the YTM = (10% + (100 – 98) / 16) / 2
YTM = 9.39%
This is the rate of return an investor can expect to receive if he/she holds the bonds until the maturity date. It is important to note that YTM can fluctuate based on changes in market conditions, so investors should be mindful of the current market price when calculating the YTM.
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which option has had the least impact on international business? globalization social media technology houston traffic
The option which has had the least impact on international business is houston traffic.
What is international business?International Business refers to transactions that occur between organizations from different countries. This includes sales, investments, and other forms of commercial activity. There are four primary factors that have contributed to the globalization of businesses:
Increased availability of transportation:
Shipping costs have fallen, making it possible for companies to sell goods from anywhere in the world to anywhere else. Improvements in telecommunications:
The widespread use of the internet has made it possible for companies to communicate with customers, suppliers, and other stakeholders from anywhere in the world.
Globalization of production: The ability to move production to anywhere in the world where it can be done more cost-effectively has become increasingly important.
Decline in trade barriers:
Governments around the world are removing trade barriers, making it easier for companies to do business across borders. Houston traffic, on the other hand, has nothing to do with international business. So, the option which has had the least impact on international business is Houston traffic.
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a company extends its operations to china. the organization must use approach to understand how the local terrain works. a. rhetorical b. critical c. sociopsycholgical d. sociocultural
(Option D) sociocultural. In order for a company to extend its operations to China, it must understand how the local terrain works and the best approach to do this is by using a sociocultural approach.
This approach involves understanding the customs, traditions, values, beliefs, language, and behavior of the local people.
In order for a company to successfully extend its operations to China, it must have an understanding of the locals and their culture. A sociocultural approach is the best way to do this, as it involves looking at the customs, traditions, values, beliefs, language, and behavior of the local people.
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India specializes in business process outsourcing and does this more efficiently than any other country. It buys agricultural commodities, which it produces less efficiently than outsourcing activities, from the United States, even though it produces these agricultural commodities more efficiently than the United States Which international trade theory supports India's decision to buy agricultural commodities from the United States?O Absolute Advantage ExampleO Comparative Advantage ExampleO Product Life Cycle Theory ExampleO Heckscher-Ohlin Model (Factor Proportions Theory) Example
The Heckscher-Ohlin Model (Factor Proportions Theory) Example supports India's decision to buy agricultural commodities from the United States.
This theory suggests that countries that have an absolute advantage in the production of certain goods will tend to export them and import goods that they have a comparative disadvantage in producing.
In this case, India specializes in business process outsourcing, which it can do more efficiently than other countries. However, it is not as efficient in producing agricultural commodities as the United States, so it is more efficient for India to buy these commodities from the United States.
This is an example of comparative advantage, as India can produce the agricultural commodities, but does so less efficiently than the United States. Therefore, it makes sense for India to focus on its comparative advantage in business process outsourcing and buy agricultural commodities from the United States.
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which of the following would cause the supply curve to shift to the right? group of answer choices an increase in the price of the product. an increas
The shift of the supply curve is caused by various factors. Some of these factors include a change in the number of producers, the cost of production, and so on. Therefore, based on the provided options, the correct answer to the question is an increase in the number of producers.
What is a supply curve?A supply curve is a graphical representation of the relationship between the quantity supplied of a good or service and its price. It is a visual representation of the law of supply which suggests that as the price of a good or service increases, the quantity supplied will also increase.The shift of the supply curve to the right indicates an increase in the quantity supplied for a particular good or service. This can be as a result of an increase in the number of producers, a decrease in the cost of production, an increase in technological advancement, or any other factor that would encourage an increase in supply.
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calculate fixed cost using the high-low method. month units sold total cost jan. 190 $2,200 feb. 200 $2,100 march 120 $1,700 april 100 $1,500
To determine the fixed cost using the high-low method, we'll have to calculate the variable cost per unit. We can then subtract the variable cost per unit from the total cost of the month with the lowest unit sold to get the fixed cost.
What is the high-low method?
The high-low method is a management accounting tool that is used to analyze and split mixed expenses into their fixed and variable components.
It involves analyzing the costs at two levels of output, usually the highest and lowest levels. To calculate the variable and fixed costs, we first use these data points and then extrapolate them.
The calculation of fixed cost using the high-low method is as follows:
We first need to calculate the variable cost per unit. We'll do that by subtracting the cost of the lowest activity month from the cost of the highest activity month and dividing it by the difference in unit sales between the two months. We can calculate the variable cost per unit by following the steps below:
Variable cost per unit = (Highest Total Cost - Lowest Total Cost) ÷ (Highest Unit Sales - Lowest Unit Sales)
Now let's substitute the values we have:
Highest Unit Sales = 200
Lowest Unit Sales = 100
Highest Total Cost = $2,200
Lowest Total Cost = $1,500
Therefore,
Variable cost per unit = ($2,200 - $1,500) ÷ (200 - 100)
= $700 ÷ 100
= $7 per unit
The variable cost per unit is $7. To calculate the fixed cost, we subtract the variable cost per unit from the total cost of the month with the lowest unit sold.
Fixed cost = Total Cost - (Variable Cost per unit × Unit Sales)
Let's use the month with the lowest unit sold, April, to calculate the fixed cost. In this month, the unit sold was 100, and the total cost was $1,500. Therefore,
Fixed cost = $1,500 - ($7 × 100)
= $1,500 - $700
= $800
Therefore, the fixed cost is $800.
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what are the major determinants of price elasticity of demand? instructions: in order to receive full credit, you must make a selection for each option. for correct answer(s), click the box once to place a check mark. for incorrect answer(s), click the option twice to empty the box.
The major determinants of price elasticity of demand are the availability of substitutes, the necessity of the item, the share of the item in the consumer's budget, and the time frame over which the demand is considered.
Price elasticity of demand refers to how responsive consumers are to changes in the price of a good or service.
Availability of Substitutes: The availability of substitutes determines how easily a consumer can find another good to fulfill their needs. The more substitutes available, the more price elastic the demand.
Necessity of Item: The necessity of the item determines how much consumers are willing to pay. Necessary items, such as food, will have more inelastic demand than luxury items, like jewelry.
Share of Item in Consumer's Budget: The share of the item in the consumer's budget determines how sensitive consumers are to changes in the price of the item. Items that are a large share of the consumer's budget will be more price elastic than items that are only a small share of the budget.
Time Frame: The time frame over which the demand is considered determines how quickly consumers can adjust their spending. If the time frame is longer, consumers have more time to adjust their spending and the demand will be more price elastic.
In conclusion, understanding the major determinants (availability of substitutes, the necessity of the item, the share of the item in the consumer's budget, and the time frame over which the demand is considered) of price elasticity of demand is crucial for businesses when setting prices. Businesses must consider the availability of substitutes, the proportion of income spent on the product, the necessity of the product, the time available for consumers to adjust, and the degree of brand loyalty in order to determine the optimal price for their product.
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true or false: many jobs can be done quickly and well when each person specializes. true false question. true false
Many jobs can be done quickly and well when each person specializes. This statement is true.
Explanation: Specialization is one of the significant benefits of the division of labor. It is a system in which each worker performs only one task, and the result is that every worker becomes proficient in his or her task because of the constant repetition.
Most jobs may be done better and more efficiently when each person specializes. It helps to enhance production and efficiency. When each worker has a specific job to complete, they can focus on it and become more skilled, which leads to improved production quality and quantity.
It is more straightforward to achieve perfection when you concentrate on a single task, and it is also easier to enhance your skills, knowledge, and proficiency. Thus, many jobs can be done quickly and well when each person specializes.
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a customer-oriented firm should focus exclusively on satisfying its internal customers. group of answer choices true false
A customer-oriented firm should not focus exclusively on satisfying its internal customers. This statement is false.
Here's why: What is a customer-oriented company?
A customer-oriented company is one that prioritizes the needs and interests of its clients.
The organization places a premium on consumer satisfaction, and as a result, it is dedicated to delivering high-quality goods and services that are tailored to meet the needs of the clients.
A company that is customer-focused understands the needs of the customer and strives to meet or surpass their expectations. The consumer is placed at the forefront of every choice, decision, and action taken by a customer-centric company.
Why should a customer-oriented firm not focus exclusively on satisfying its internal customers?
An internal customer is a member of the organization's staff or team. Focusing only on the internal customer, in this case, may cause the company to overlook the importance of the external customer.
The internal customer is important, but their satisfaction should not be prioritized over that of the external customer.A customer-oriented firm must focus on both the internal and external customers, and it must make sure that they are both satisfied with the goods and services delivered by the organization.
Focusing solely on internal customers may cause the firm to lose sight of its goal of satisfying its external clients. It is also critical to remember that external customers are the source of revenue for the company, so their satisfaction should be a top priority.
In summary, while the satisfaction of internal customers is crucial, a customer-oriented company must prioritize external customer satisfaction. A balanced approach to satisfying both internal and external customers can help to improve a firm's competitiveness and profitability.
Therefore, the statement that a customer-oriented firm should focus exclusively on satisfying its internal customers is false.
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your journal what‘s the difference between sales tax and excise tax?
Excise taxes are typically levied on a per-unit basis rather than as a percentage of the buy price, in contrast to general sales taxes. For instance, the excise duty on cigarettes is determined in cents per pack.
Additionally, the majority of petroleum taxes are calculated in cents per gallon. The current sales tax stipulates that it must be paid after a transaction or other special circumstance. While in the case of service tax, it is accounted for at the conclusion of the three-month period and becomes due when payment is received, or if not, from the date of the invoice.
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How does a decrease in the price level affect real wealth and aggregate demand?
A decrease in the price level increases real wealth, lowers interest rates, and stimulates net exports, leading to an increase in aggregate demand.
A decrease in the price level can affect real wealth and aggregate demand in several ways:
Real wealth: A decrease in the price level increases the purchasing power of money. This means that people can buy more goods and services with the same amount of money. As a result, their real wealth, which is the value of their assets in terms of purchasing power, increases. When real wealth increases, people tend to feel more financially secure and are more likely to spend money, leading to an increase in aggregate demand.Interest rates: A decrease in the price level can also lead to a decrease in interest rates. When prices fall, the real value of money increases, which reduces the demand for borrowing money. This leads to a decrease in interest rates, making it cheaper for businesses and consumers to borrow money to invest and spend. Lower interest rates can increase investment spending, which can further stimulate aggregate demand.Net exports: A decrease in the price level can make domestic goods and services relatively cheaper compared to foreign goods and services. This can lead to an increase in exports and a decrease in imports, which can boost net exports and aggregate demand.In summary, a decrease in the price level can increase real wealth, lower interest rates, and stimulate net exports, leading to an increase in aggregate demand. Conversely, an increase in the price level can have the opposite effect, decreasing real wealth, raising interest rates, and lowering net exports, leading to a decrease in aggregate demand.
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