1. Explicit and Implicit Costs Juan and Julia contributed $50,000 of their own money to the company They bought equipment for $3,000 They hired an employee with a salary of $20,000 Juan quit his job where he earned $30,000 Julia quit part of her job where she earned $15,000 · Purchases of materials for the business were $10,000 · At the end of the year the value of the equipment is $28,000 · A business loan of $100,000 pays 6% annual interest The normal profit based on the above data from running the business is $30,000. True or false?
Answers
Explicit and Implicit Costs The normal profit based on the given data from running the business is $30,000. False.An explicit cost is the money that the business spends, which includes the wages paid to employees, the rent, and the cost of supplies.
When the business purchases a new piece of equipment or hires a new employee, this is a clear cost that is easily measured and accounted for. The implicit cost is a little more complicated. It is a cost that a company pays but that is not explicitly stated in the business records. When a company uses its own funds to purchase equipment or pay salaries, it incurs implicit costs.
The normal profit based on the above data from running the business is $30,000. False, it is a loss as we can calculate it as follows:
Total explicit costs = $50,000 + $3,000 + $20,000 + $10,000 + $6,000 (interest expense) = $89,000 Total implicit costs = $30,000 + $15,000 + $30,000 = $75,000Total revenue = $0Therefore, normal profit = Total Revenue - Total Explicit Costs - Total Implicit Costs = $0 - $89,000 - $75,000 = ($164,000)
This means that the company is operating at a loss of $164,000.
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Related Questions
A(n) _________ refers to the result obtained when a decision alternative is chosen and a chance event occurs.
A)payoff table
B)outcome
C)state of nature
D)node
Answers
An outcome refers to the result obtained when a decision alternative is chosen and a chance event occurs.
Payoff table refers to a table that shows the potential outcomes of different decision alternatives based on various scenarios or states of nature. State of nature refers to a possible future event or circumstance that is beyond the control of the decision maker, and node refers to a point in a decision tree where a decision must be made.
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when consumers explicitly agree to share personal information, the agreement is referred to as .
Answers
opt-out policy. Opt in: Consumers own their personal information, and outlets should get shoppers to explicitly agree to share this non-public information (EU) Opt out:
Consumers need to explicitly inform shops no longer to use their non-public statistics (US) market basket analysis.
What is intended by means of customer loyalty in business?Customer loyalty describes an ongoing emotional relationship between you and your customer, manifesting itself by way of how willing a consumer is to have interaction with and again and again purchase from you versus your competitors. Loyalty is the byproduct of a customer's positive journey with you and works to create trust.
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https://brainly.com/question/8444030#SPJ4Indicate what impact the following transactions would have on the accounting equation, Assets = Liabilities + Equity. Transaction impact table Impact 1 Impact 2 Paid monthly note payment to bank Sold inventory on account Bought supplies, to be paid for next month Received cash from sales this month Paid for inventory purchased on account last month
Answers
Answer:
The impact of the transactions on the accounting equation, Assets = Liabilities + Equity, is as follows:
Paid monthly note payment to bank:
Impact 1: Assets (Cash) decreases
Impact 2: Liabilities (Bank Loan) decreases
Sold inventory on account:
Impact 1: Assets (Accounts Receivable) increases
Impact 2: Equity (Revenue) increases
Bought supplies, to be paid for next month:
Impact 1: Assets (Supplies) increases
Impact 2: Liabilities (Accounts Payable) increases
Received cash from sales this month:
Impact 1: Assets (Cash) increases
Impact 2: Equity (Revenue) increases
Paid for inventory purchased on account last month:
Impact 1: Assets (Cash) decreases
Impact 2: Liabilities (Accounts Payable) decreases
It is important to note that for each transaction, one side of the equation must increase and the other side must decrease in order to keep the equation in balance.
Explanation:
The demand for financial capital increases when _________________ increases
Answers
The demand for financial capital increases when investment opportunities increase.
This is because businesses need financial capital in order to make investments and expand their operations. As more investment opportunities become available, the demand for financial capital also increases. This is a basic principle of economics, as businesses need financial capital in order to grow and take advantage of new opportunities.
In addition, the availability of financial capital can also impact the level of investment opportunities in an economy. If financial capital is scarce, businesses may not be able to access the funds necessary to take advantage of profitable opportunities, which could limit economic growth
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a pharmacy is currently hiring for an open pharmacist position. which candidate is most likely to be viewed the most favorably
Answers
Men and ladies answer gender stereotypes once designing, train, and apply for jobs. The term ceiling refers to a metaphoric invisible barrier that stops bound people from being promoted to managerial- and executive-level positions inside a company or business.
Androcentric bias happens once male expertise is treated because of the norm, whereas feminine realities aren't thought-about or relegated to the abnormal. In 1986, Shakeshaft and Hanson knew the amount of androcentric bias evident within the problems with instructional Administration Quarterly (EAQ) printed throughout the Seventies.
However, a career path that enables a mother to versatile or reduced work hours tends to slow or block advancement.
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The Real Estate Settlement Procedures Act states all of the following EXCEPT
Answers
________ is a set of interdependent organizations that help make a product or service of a company available for use by consumers or business users.
Answers
David left $300 in an account that earns 5% interest on
the money he originally deposited. When he collected his
interest, he had earned $60 in interest. How long did he
leave the money in the account?
Answers
The amount of time that David did not touch the funds in the account is equal to four years.
Can you explain the concept of earned interest?A person who invests a certain sum of money for a predetermined length of time is entitled to receive a predetermined amount of money on a regular basis as interest on that investment.
The initial investment is equal to $300 (p).
The time, or T, equals X.
The rate of interest yield, denoted by (R), is equal to 5%.
$ 60 is equivalent to simple interest (SI).
Applying the calculation method;
SI = P×T×R/100
Transform T into the focus of the formula;
T = SI×100/P*R
T= 60×100/300×5
T= 6000/1500
T equals four years.
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Compute the net asset value for a share of a mutual fund with the following characteristics:Market value of assets: $177,000,000Market value of liabilities: $12,000,000Number of shares outstanding: 7,250,000a. $23.66 b. $22.76 c.$26.07 d. $24.41
Answers
The net asset value for a share of this mutual fund is $22.76.
Correct option is B.
The net asset value (NAV) of a mutual fund is calculated by subtracting liabilities from assets and then dividing that amount by the number of shares outstanding. In this instance, the market value of assets is $177,000,000 and the market value of liabilities is $12,000,000.
The number of shares outstanding is 7,250,000. To calculate the NAV per share, we must first subtract the liabilities from the assets, giving us $165,000,000. We then divide this amount by the number of shares outstanding, which is 7,250,000. The result of this calculation is the NAV per share, which is $22.76.
Correct option is B.
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Why is it important to maintain network relationships, even after you have found a job?
a. You never know when you are going to have to find a new job.
b. You can return the favor by helping network members with career advice and job leads.
You will remain informed and connected to people in your field.
d. All of the above
C.
Please select the best answer from the choices provided
ΟΑ
B
С
OD
Answers
Answer:
D (all of the above)
Explanation:
When a person has gotten a job, it is critical to keep network contacts since a person never know when he will need to locate a new career, and he will stay informed and connected to bin his sector.
What is network relationships?Relationship networking is another name for network relationships. It's all about making connections and finding ways for both sides to gain. Like the relationship, networking and partnerships intersect in numerous ways, resulting in economic potential.
Even when a person has gotten a job, it is critical to keep network contacts since you never know when you will need to locate a new career, and he will stay informed and connected to people in the sector.
With the utilization of network ties, an individual might refund the kindness by supplying career counseling and job metals to network members.
Therefore, option D is correct.
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During a group session, the only Persian member and another member ended up in a heated debate about cultural differences. The leader, also Persian, was caught off guard and unsure of how to address the situation in the moment, struggling with an internal conflict. What was the leader’s fear?A) Connecting with the Persian member.
B) Overidentifying with the non-Persian member.
C) Connecting with the non-Persian member.
D) Overidentifying with the Persian member.
Answers
Answer: D. Overidentifying with the Persian member.
Explanation:
The leaders fear in this case is over identifying with the Persian member. Since the leader is Persian, he is afraid that he could overidentify with the Persian member and this could bring about biasness with the way he handles the issue.
Therefore, based on the given options, the correct answer is D.
Why is strength an internal force
Answers
Answer:
Because it comes from within the person.
Explanation:
In business, we learn about the concept of internal force and external force as two factors that could influence the outcome of a certain event.
External forces are the type of influences that come from our environment. Generally, it's not something that we can control. We have to make proper adaptation to address the external forces to prevent it from ruining our goals.
Example of External Goals : Natural disaster, Future laws made by the government, etc.
Internal forces on the other hand are the type of influences that come from within ourselves as a person. It is something that we can control and constantly thrive to improve in order to make it easier for us to achieve our goals.
Example of internal goals: Strength, Emotional stability, Motivation, etc.
why do we promote the use of PECS w some clients who communicate using words but still have speech, language, or social communication delays?
Answers
Accessibility, independence, inclusiveness and reinforcement are the reasons due to which the use of PECS is promoted for clients who communicate using words but still have speech, language or social communication delays.
Picture Exchange Communication System (PECS) is used to promote communication in individuals with speech, language, or social communication delays.
The reasons for using PECS have been explained below:
1. Accessibility: PECS provides a visual means of communication that can be accessed more easily by individuals with communication difficulties. This is particularly true for individuals with speech or language delays who may struggle to verbally express their wants and needs.
2. Independence: PECS allows individuals to initiate communication and make choices independently, increasing their sense of control and empowerment.
3. Inclusiveness: PECS can be used in a variety of settings, making it a versatile tool for promoting communication in social situations where verbal communication may be challenging.
4. Reinforcement: PECS can be used to reinforce communication and encourage individuals to continue developing their skills. The use of PECS can also promote positive reinforcement by allowing individuals to receive tangible rewards for their communication efforts.
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In business writing, the main idea of a written work should be located
a. At the end of the first paragraph
b. In the body of the document
At the beginning of the first paragraph
d. In the salutation of the document
C.
Please select the best answer from the choices provided
Ο Α
B
С
OD
Answers
Answer:
c
Explanation:
cccccccccccccccccccccccccc
Answer:
well i blive its c
Explanation:
Which of the following provisions in a mortgage may pose a problem with a transfer of real estate into a trust?
Report an Error
An in terrorem clause
A due on sale clause
A power of sale clause
There is no provision that will provide a problem
Answers
The provision in a mortgage that may pose a problem with a transfer of real estate into a trust is the "due on sale clause." The Option B.
Which provision in a mortgage may pose a problem?The "due on sale clause" in a mortgage may create issues when transferring real estate into a trust. This clause typically allows the lender to demand full repayment of the mortgage if the property is sold or transferred without the lender's consent.
When a property is transferred into a trust, it effectively changes ownership triggering the due on sale clause. As a result, the lender may require immediate repayment of the outstanding mortgage balance, which can complicate the transfer process and create financial difficulties for the trust or the parties involved in the transfer.
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What are the 5 steps of a business plan?.
Answers
The best step for creating a business plan is a market investigation in order to investigate your market, meaning your target as accurately as possible: age, socio-professional category, buying habits, location, everything will be taken into account.
Building a business plan is not an easy task. It determines whether you have a very clear vision of your market, to recognize where you are going to set foot. The dimension of the market takes stock of the people who might be focused on your product or service, to be as precise as possible. To begin the best business plan also factor in the amount of time you'll need for research and development to create your product. Time is valuable, indeed. In your business plan, every piece of information counts.
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In industrial economies, the term alienation is used to describe a situation in which a worker has produced something but :__________ a) is bullied by coworkers and therefore feels like an outsider. b) cannot expect to be paid an adequate wage for the work that was done. c) sees it shipped overseas, to be used by foreign aliens. d) sees that product as belonging to someone else, rather than to the man or woman whose labor actually produced it.
Answers
When a person is said to suffer alienation in industrial economies, it means that the worker produced something but d) sees that product as belonging to someone else, rather than to the man or woman whose labor actually produced it.
What is alienation?This is a process when whereby a person makes something but is made to feel as though it isn't theirs.
In other words, they begin to look at the very thing they produced as belonging to someone else instead of them who were the ones who actually produced the good.
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1) Inflation represents the rate of increase of the average price of goods. If inflation decreases from 10% to 5%, does the average price of goods decrease? Explain.
Answers
No, the average price of goods does not decrease when inflation decreases from 10% to 5%.
Inflation represents the rate of increase in the average price of goods and services over time. When inflation decreases, it means that the rate of price increase has slowed down, but it does not imply a decrease in the average price itself. Even with a lower inflation rate, prices can still continue to rise, albeit at a slower pace.
The percentage of inflation indicates the extent of price increase compared to the previous period. If the inflation rate decreases from 10% to 5%, it means that prices are still increasing but at a slower rate. For example, if an item was priced at $100 at the beginning of the year, with a 10% inflation rate, its price would increase to $110. However, with a 5% inflation rate, the price would increase to $105. While the rate of increase has decreased, the average price of goods has not decreased.
Therefore, it is important to differentiate between a decrease in the inflation rate (a decrease in the rate of price increase) and an actual decrease in the average price of goods, which would indicate deflation.
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One helpful feature of most Web 2.0 organization software is that
a. It requires one particular Internet browser
b. It is usually downloaded to a computer hard drive
c. It has a complex user interface
d. It can usually be synced to a handheld device
Please select the best answer from the choices provided
Ο Α
B
С
Answers
Answer:
d. It can usually be synced to a handheld device
Explanation:
One helpful feature of most Web 2.0 organization software is that it can usually be synced to a handheld device.
Answer:
D or 4Explanation:
d.It can usually be synced to a handheld devicethe rest are incorrect!a.
It requires one particular Internet browser
b.
It is usually downloaded to a computer hard drive
c.
It has a complex user interface
sub to Pen Paper
The demand side of economic policy, refers to the actions undertaken by a nation's central bank to control money supply to maintain economic growth. This is an example of
Inflation
monetary policy
Debt management
Loans
Answers
Answer:
The perspective of economic policy that focuses its efforts to follow a national central bank when it wants to make sure money supply is regulated to achieve a continuous economical positive development is an example of:
monetary policy
Explanation:
The reasons behind this answer are that monetary policy is the concept used to represent the efforts of a certain monetary organization to make sure the interest rates are set in the best scenario to enable borrowers to pay their debts. Pointing to a scenario of economical and monetary stability that would support the country in times of economical distress.
Publishers and printing companies are both involved with books, magazines, and newspapers. One type of company is
considered part of the manufacturing section, because it produces the physical product: books, magazines,
newspapers, and so on. What sector does publishing belong to, since it does not produce a tangible product (until
printing transforms it into one)?
O primary, because it makes original content
secondary, because it transforms ideas into physical objects
tertiary, because it provides a service
quaternary, because it involves research
Answers
Answer:
quaternary, because it involves research
Explanation:
Attracting attention, describing contents, explaining benefits, and identifying the uses of a product are all functions of:_______
a) market segmentation.
b) upcs.
c) target marketing.
d) packaging.
Answers
Correct answer is D. Attracting attention, describing contents, explaining benefits, and identifying the uses of a product are all functions of: packaging.
Packaging is meant to protect products that may be held for distribution, storage, sale and use. This can also be defined as the process of designing, evaluating .
In addition, it can attract attention, describe the content, the benefits can be explained and the use of the product can be determined by this
What is market segmentation?Market segmentation is the division of a market into different groups of customers with, clearly similar product/service needs and requirements. Simply put, market segmentation is the division of the mass market into identifiable and distinct groups or segments, each with common characteristics and needs and exhibiting similar responses. for marketing actions.
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How are accrued salaries recorded?
Answers
Accrued salaries are recorded as liabilities. Accrued salaries refer to the salaries earned by employees but not yet paid by the employer.
Companies must record these salaries as a liability on their balance sheet. This is because the company is legally obligated to pay the salaries to the employees, even if they have not yet been paid.
Accrued salaries are recorded when the work has been performed and the salaries are due, but the payment has not yet been made.
Accrued salaries are typically reported as a current liability on the balance sheet, and the amount is reported as an expense in the income statement.
Accrued salaries must be paid on time and in full to prevent any potential legal issues.
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Assuming sales remain unchanged, if COGs increases then Gross Profit
Answers
Assuming sales remain unchanged, if COGs (Cost of Goods Sold) increases, then the Gross Profit will decrease. Gross profit is the difference between the revenue earned from sales and the cost of goods sold.
When COGs increase, it means that the cost of producing each unit of the product has increased. This will lower the Gross Profit margin since the revenue earned from sales will now have to cover the increased cost of production. Therefore, the Gross Profit margin will decrease by the same percentage as the increase in COGs.
A decrease in Gross Profit margin can have serious implications for a business. It will lower the net profit margin, which is the overall profitability of the business. The business may also have to increase the selling price of its products to maintain its profit margin, which can result in a decrease in sales volume.
Additionally, an increase in COGs may result in reduced profit margins and cash flow, which can lead to financial difficulties and a decrease in the company's overall financial health.
In conclusion, assuming sales remain unchanged, if COGs increase, then the Gross Profit margin will decrease, which can have significant implications for the overall financial health of a business.
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12. ………… you there when the fire broke out ?
1) Are 2) Were 3) Will 4) Did
Answers
Answer:
Were
Explanation:
Have a good day
Hope I helped
Answer:
were
Explanation:
third person plural
Which economist argued that free markets unleashed the animal spirits of entrepreneurs, propelling innovation, technology, and growth? Lord Kelvin Kenneth Olsen Irving Fisher John Maynard Keynes
Answers
The economist who argued that free markets unleashed the animal spirits of entrepreneurs and propelled innovation, technology, and growth is John Maynard Keynes.
John Maynard Keynes was a British economist who developed the Keynesian economic theory during the early 20th century. He believed that free markets could experience periods of instability and that government intervention was necessary to stabilize economies. Keynes argued that during times of economic downturn, increased government spending and intervention could stimulate demand, encourage investment, and promote economic growth. He emphasized the importance of aggregate demand in driving economic activity and suggested that government policies could influence employment levels, inflation, and overall economic performance. Keynes' ideas had a significant impact on macroeconomic theory and policy, shaping the understanding of government intervention in economies worldwide.
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Banks that practice fractional reserve banking are able to:
A. change the interest rates on loans for any reason.
B. provide financial services to customers at no cost.
C. lend most of the money they hold as deposits.
D. return all of their deposited cash at any time.
Answers
Answer:
C. lend most of the money they hold as deposits.
Explanation:
Banks that practice fractional reserve banking are able to lend most of the money they hold as deposits.
Fractional reserve banking is a banking system in which banks are required to hold only a fraction of the money deposited by customers in reserve while lending out the remaining amount to earn interest. The fraction of deposits that banks are required to hold in reserve is typically set by central banks or regulatory authorities.
This means that banks are able to lend out most of the money they hold as deposits, while still maintaining enough reserves to meet their obligations to depositors. This practice allows banks to earn interest on loans and generate profits, while also providing a source of credit for borrowers who need it.
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2. How much was in United Airlines's control, and how much was actually outside their control? What
social
or company factors caused a seemingly common practice to escalate to this level?
3. How did the other airlines or the industry respond to the United Airlines incident?
Answers
To ensure that products and services are available for the market, operations management involves carrying out backend business processes including production, inventory management, and quality control. Excellent operations management ensures corporate efficiency, whether it involves a single operations manager or an entire department.
2. United Airlines had full control over the issue because they could have asked for different passengers, offered some incentive to get off the plane, or used other incitements. They shouldn't have taken the path they did, involving the use of force.
The staff's intolerance and arrogance combined with the lack of a clear directive from the top regarding how to handle these kinds of events caused the incidence to accelerate to the observed level.
3. The other airlines, businesses, and consumers were humiliated by this incident in addition to being shocked by it. For the incident, United Airlines received harsh criticism. As a result, United Airlines' shares likewise fell precipitously. In addition, the CEO of the airline received criticism at the same time.
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The market demand is the: a. sum of all individual demand curves and supplies in a market. b. vertical sum of all individual demand curves. c. horizontal sum of all individual demand curves in a market. d. horizontal sum of all individual prices in a market.
Answers
A market is largely known as an institution that brings buyers and sellers in one place. The market demand is the horizontal sum of all individual demand curves in a market.
What is the market demand curve?This is referred to one that has the horizontal sum of individual demand curves.
The demand curve is one that depicts the relationship between price and quantity demanded.
The market demand is known to be the sum of all of the individual buyer's demand curve.
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NEED HELP ASAP 10 POINTS
The production, purchase, and sale of goods in a world-wide market is known as the _____.
Answers
Answer:
I think it's global economy