Benny needs to sell 8,564 slices of pizza to break even. This is calculated by taking the fixed annual costs of $26,000 and dividing it by the variable cost of each slice of pizza ($5.36).
This equals 4,841.1818 pizzas. Since each pizza has 8 slices, then he will need to sell 8,564 slices to break even. He will need to sell more than this to make a profit, as he still needs to account for other costs such as marketing, utilities, and staff wages. As long as Benny can generate enough demand for his pizza, he should be able to make a good profit.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
In trading account freight belongs to which side debit or credit?
Answer:
Explanation:
In trading account, freight belongs to the debit side. It is a direct expenses on purchases and manufacturing operation
Freight is the cost incurred in transporting an item to its final destination when the terms are FOB shipping point. It is treated as part of the cost of merchandise and recorded in the inventory if the merchandise has not been sold.
Increase in the cost of freight are recorded on the debit side while decrease are recorded on the credit side.
An investor whose highest priority is getting the largest gains possible, even if
it requires a lot of risk, would most likely invest in ________.
A. Hedge funds
B. Bonds
C. Mutual funds
D. Saving accounts
The investor whose highest priority is getting the largest gains possible would invest in hedge funds. (option A)
What are hedge funds?Hedge funds are alternative investments that pool the financial resources of different high net worth people together in order to invest in different ventures. Hedge funds are known to invest in different risky and illiquid investments. This increases the rate of their returns relative to other options.
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Please help. Atleast the top 2
Answer:
Number 1 is Pure Market. Number two is socialist, I'm pretty sure.
Explanation:
Please mark me brainliest if someone else answers :>
explain the slope of the curve labelled D and the law that it is
related to.
In economics, the curve with the letter "D" is commonly referred to as the demand curve. It illustrates the connection between a good or service's cost and the quantity desired by customers in a certain market. The quantity required is responsive to price changes, as indicated by the slope of the demand curve (curve D).
The rule of demand, which asserts that, ceteris paribus (all other things being equal), there is an inverse connection between the price of a product and the amount required by customers, is connected to the slope of the demand curve. In other words, customers are willing and able to buy less of a thing as its price rises, but they are ready and able to buy more of it when its price falls.
Numerous variables, such as the following, are responsible for the law of demand and the demand curve's decreasing slope:
Income effect: As customers' spending power rises as a result of a product's price reduction, demand for the product rises. In contrast, as prices rise, customers' purchasing power declines, which leads to
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QN4 Limited planned to extend its business. For this purpose, they purchased a machine on the 1
st
day of July 2021 to improve the operational efficiency of their business. It is estimated that this machine has a useful life of ten years. The machine invoice indicates that QN4 Limited purchased this machine for $667667. Freight expenses of $11333 and installation charges of $15333 were also paid. Required: Based on the above information, calculate the following: i. The total cost of the machine ii. Depreciation expenses for the year assuming that QN4 Limited assumes the straight-line method of depreciation iii. The balance of accumulated depreciation on the 30
th
day of June 2023
i. The total cost of the machine is $694,333 , ii. Depreciation expenses for the year assuming the straight-line method of depreciation is $69,433.30 , iii. The balance of accumulated depreciation on the 30th day of June 2023 is $138,866.60.
i. The total cost of the machine can be calculated by summing up the purchase price, freight expenses, and installation charges.
Purchase price: $667,667
Freight expenses: $11,333
Installation charges: $15,333
Total cost of the machine = Purchase price + Freight expenses + Installation charges
= $667,667 + $11,333 + $15,333
= $694,333
ii. Depreciation expenses for the year can be calculated using the straight-line method of depreciation. In this method, the annual depreciation expense is calculated by dividing the total cost of the machine by its useful life.
Total cost of the machine: $694,333
Useful life: 10 years
Depreciation expense per year = Total cost of the machine / Useful life
= $694,333 / 10
= $69,433.30
iii. The balance of accumulated depreciation on the 30th day of June 2023 can be calculated by multiplying the annual depreciation expense by the number of years that have passed.
Number of years from July 1, 2021, to June 30, 2023: 2 years
Accumulated depreciation = Depreciation expense per year * Number of years
= $69,433.30 * 2
= $138,866.60
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Jamara has started a home party business that hosts parties and those attending paint signs. Jamara must pay $500 a year to be a representative for Paint A Sign. In addition, Jamara buys all the materials for the parties, including the metal base, the paints, brushes, stencils, and transfers. Currently, these items all add up to $10 on average. Jamara charges each participant $25 for each sign they make. For Jamara's Paint A Sign business, the $500 is a fixed cost per year. Which of the following is true?
Answers:
a. Jamara will pay the Paint A Sign company $500 regardless of the number of parties she hosts.
b. Jamara will lose money if she has less than 100 participants a year.
c. Jamara's annual fixed costs will be higher than her variable costs regardless of the number of participants.
d. Jamara will have to pay Paint A Sign $500 for every party she hosts.
Answer:
The correct answer is A. Jamara will pay the Paint A Sign company $500 regardless of the number of parties she hosts.
Explanation:
Since Jamara has started a home party business that hosts parties and those attending paint signs, and she must pay $ 500 a year to be a representative for Paint A Sign, and in addition, Jamara buys all the materials for the parties, including the metal base, the paints, brushes, stencils, and transfers, and currently, these items all add up to $ 10 on average, and Jamara charges each participant $ 25 for each sign they make, and for Jamara's Paint A Sign business, the $ 500 is a fixed cost per year, to determine which of the options is true, the following calculations must be performed:
500 = fixed costs
(100 x 25) - 10 x 100 - 500
2500 - 1000 - 500 = 1000
Therefore, since $ 500 is annual fixed costs regardless of the number of parties that are held, Option A is correct.
Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
Which type of bankruptcy will remain in an individual's credit
history for 10 years?
O Chapter 11
O Chapter 9
O Chapter 7
O Chapter 13
Chapter 7 and Chapter 11 bankruptcies will remain in an individual's credit history for 10 years.
Your credit history will reflect a bankruptcy filing for a number of years. The length of time a bankruptcy stays on your credit report depends on the type of bankruptcy you choose. Bankruptcies filed under Chapter 7 and Chapter 11 will stay on your credit report for 10 years. Your credit report will show a Chapter 13 bankruptcy for seven years after it has been filed.
If you adopt a disciplined approach to paying your creditors, paying bills on time, and maintaining a sustainable level of debt on credit cards and other revolving credit, the impact of the bankruptcy on your credit score will progressively lessen as the years go by.
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Which statement most accurately describes a conflict of commitment? It involves a monetary gain by one party over another party. It occurs when outside activities interfere with one’s responsibilities to an employer. It occurs when an institution does not follow the financial rules from a funding source. It can only occur between an institution and an outside organization.
Answer:
It occurs when outside activities interfere with one's responsibilities to an employer
Explanation:
Conflict of commitment occurs when the commitment of an employer to a defined terms of employment is shared with other engagements, either personal or with other parties which could lead to a decline in efficiency due to loss of maximum concentration.
This may not necessarily involve monetary gain but has a whole lot of ways through which it can affect productivity as concentration is shared.
It is always good to define activities that constitute conflict of commitment right from the time of forming an employment contract so that an employee can be guided with it.
How long should a cover letter be? A. Less than one page B. Two pages C. Three pages D. More than four pages Please select the best answer from the choices provided A B C D
Answer: A. Less than one page
Explanation:
A. Company PLU decides to issue bond to finance its investment in a project. However, the project is only expected to start to generate income from year 4 onwards. Considering this, which of the following bonds is favoured by the company? Please explain your answer. [3 Marks] Plain vanilla bond Step-up coupon bond Deferred coupon bond Credit linked coupon bond
The project's income generation starting from year 4 onwards, the Deferred coupon bond would be favored by Company PLU as it allows for the deferral of interest payments until the project begins generating income.
A deferred coupon bond is a form of bond in which the issuer postpones the payment of interest for a set amount of time, usually at the start of the bond's term.
A plain vanilla bond, on the other hand, has regular fixed interest payments throughout the bond's duration, which may put a pressure on the company's cash flow in the early years when the project is not generating income.
A step-up coupon bond is one whose coupon rate rises over time. This sort of bond may not be desired by Company PLU since it would result in larger interest payments in the bond's later years, which may conflict with the project's cash flow pattern.
A credit related coupon bond is one in which the coupon rate is connected to the issuer's or another entity's creditworthiness. Because the choice to issue a bond is focused on the project's income generation rather than credit risk, Company PLU may not prefer a Credit linked coupon bond in this circumstance.
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When government expenditures cause an increase in real interest rates, private investment
will increase at the same rate as the increase in government expenditures.
will decrease at the same rate as the increase in government expenditures.
will be crowded in.
will be crowded out.
in capital will cause economic growth in the economy.
When government expenditures cause an increase in real interest rates, private investment will be crowded out.
What happens When government expenditures cause an increase in real interest rates, private investmentThis is because when the government borrows more, it increases the demand for credit, which drives up interest rates. As interest rates rise, private investment becomes more expensive, reducing the incentive for businesses and individuals to invest.
Therefore, private investment will decrease at the same rate as the increase in government expenditures. This is known as the crowding-out effect. The increase in government expenditures will lead to a decrease in private investment, as the increased competition for credit drives up interest rates and makes it more difficult and costly for businesses and individuals to obtain financing for their investments.
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major factors that historically influenced the development of financial reporting practices across countries include
Factors that has influenced the development of financial reporting practices include legal systems, cultural differences, economic factors, political factors, and internationalization
1. Legal systems: Countries with common law systems (e.g., the United States and the United Kingdom) tend to have more detailed and extensive financial reporting practices, while those with code law systems (e.g., France and Germany) have more general and principle-based practices.
2. Cultural differences: Hofstede's cultural dimensions, such as individualism vs. collectivism and uncertainty avoidance, can impact the development of financial reporting practices. For example, countries with high uncertainty avoidance may require more detailed disclosures to minimize ambiguity.
3. Economic factors: The level of economic development, market orientation, and the role of the government in the economy can influence financial reporting practices. Developed countries with market-oriented economies typically have more advanced and sophisticated financial reporting practices compared to those in developing countries or with government-controlled economies.
4. Political factors: The political environment, including the degree of government intervention and regulation, can shape the development of financial reporting practices. Countries with higher levels of political stability and transparency may have more robust and reliable financial reporting practices.
5. Internationalization: The globalization of capital markets has led to a demand for more comparable and harmonized financial reporting practices across countries. This has resulted in the adoption of international financial reporting standards (IFRS) by many countries to facilitate cross-border investment and financial decision-making.
In summary, legal systems, cultural differences, economic factors, political factors, and internationalization are major factors that have historically influenced the development of financial reporting practices across countries.
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Companies engaged in a single line of business most commonly utilize an organizational structure that can be:
a functional (departmental) organizational structure.
highly decentralized matrices.
either independent, consolidated, or hybrid profit centers.
hybrid functional organizations with a combination of
decentralized and centralized decision making.
either centralized, principal, or critical-path in nature.
Answer:
a functional (departmental) organizational structure.
Explanation:
Companies engaged in a single line of business most commonly utilize an organizational structure that can be a functional (departmental) organizational structure.
A functional (departmental) organizational structure is a type of structure used to organize staffs by dividing them into various departments based on their skill set, roles or functions and knowledge.
These departments which are vertically structured may include, finance, IT, sales and marketing, research and development, customer service etc. Also, the various departments are headed by a functional manager who are saddled with the responsibility of overseeing, managing and reporting to the executive management.
The employees in companies engaged in a single line of business are generally referred to as silos because they work independently, collaborate and communicate with their colleagues in a vertical style i.e exclusively with each other.
Hence, a functional (departmental) organizational structure enhance efficiency and an improved quality of production because workers having similar skills, knowledge and experience are grouped together to achieve common goals and objectives.
what form of capital does vodacom obtain
Sheila Marie Abducted by Aliens
is it true that a company in a perfect competition industry will have a perfectly elastic demand and supply?
The right response is Valid In a completely cutthroat market, merchandise are for the most part thought to be an ideal substitute for individual ventures and firms.
Every time, the demand curve is perfectly elastic. The companies raise the product's cost; As a result, there will be less overall demand.
In perfect competition, is supply perfectly elastic?The demand curve is perfectly elastic for each of the small, independent businesses that participate in a perfectly competitive market, and all goods are regarded as perfect substitutes. These businesses are price takers because there would be no demand for one company's product if it tried to raise its price.
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On January 1, 2017, Robinson Company purchased Franklin Company at a price of $2,500,000. The fair market value of the net assets purchased equals $1,800,000.
What is the amount of goodwill that Robinson records at the purchase date?
Explain how Robinson would determine the amount of goodwill amortization for the year ended December 31, 2017.
Robinson Company believes that its employees provide superior customer service, and through their efforts, Robinson Company believes it has created $900,000 of goodwill. How would Robinson Company record this goodwill?
On January 1, 2017, Robinson Company purchased Franklin Company at a price of $2,500,000. The fair market value of the net assets purchased equals$1,800,000. Thus the amount of goodwill that Robinson records at the purchase date is $700,000.
What is the calculation?Step 1
Given that the entire Franklin Company was purchased by Robinson Company, goodwill should be recorded.
To solve for the purchased goodwill, we have
Goodwill= Purchase price of the company−Market value of the individual net assets
=$2,500,000−$1,800,000
= $700,000
Thus, the purchased goodwill is valued at $700,000.
Step 2
Goodwill is recorded as an asset and is not amortized, thus there will be no amount for goodwill amortization for year ended December 31, 2017. Instead, goodwill is tested for impairment annually.
Step 3
Goodwill is recorded only when it is acquired upon purchase. In this case, since goodwill is based solely on the employees' efforts of providing superior customer service, Robinson Company should not record it.
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Being on time, which is expected in college, work, and society in general, is known as
Being on time, which is expected in college, work, and society in general, is known as punctuality. Being able to do a necessary work or fulfil an obligation before or at the time that was previously set is a sign of punctuality. On time and "punctual" are frequently used interchangeably.
Being late is an opposite personality attribute. Every culture has a common sense of what constitutes an appropriate level of punctuality. In most Western societies, being a few minutes late is often acceptable, although this is not the case for certain situations, such doctor's visits. Some cultures, such as those who use African time.
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The column headed by a check mark in a checkbook register is provided so you can make a note of your checks that have bounced.
T or F
How is Starbucks diversifying itself by purchasing La Boulange
Starbucks is diversifying itself by purchasing La Boulange because it allows the company to expand its product offerings and reach a wider audience. La Boulange is a popular bakery chain, and by acquiring it, Starbucks is able to offer a wider range of baked goods and pastries to its customers.
This not only helps to attract new customers who may be interested in these new La Boulange offerings, but it also helps to keep existing customers coming back for more in starbucks outlet.
By diversifying its product offerings, Starbucks is able to stay competitive in the marketplace and continue to grow its business.
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Jacobsen Corporation prepares its financial statements applying U.S. GAAP. In its 2018 income statement, Jacobsen would report income from continuing operations of
Available Options Are:
Jacobson Corporation prepares its financial statement applying US GAAP. During its 2018 fiscal year, the company reported income from continuing operations before tax of $620,000. This amount does not include the following item, which is considered to be material in amount:
Unusual gain of $200,000
Loss on discontinued operations ($300,000)
The company's income tax rate is 40%. In its 2018 income statement.
Jacobson would report income from continuing operations (after tax) of:
A. $312,000.
B. $372,000.
C. $492,000.
D. $620,000.
Answer:
Option C. $492,000
Explanation:
The Total Operating Income is:
Operating Income From Continuing Operation $620,000
Unusual Gain $200,000
Total Income $820,000
The unusual gain will be included in the operating income as it is related to operating income.
The net income from continuing operation will be net of tax which means that:
Net Income after tax = $820,000 * (1 - 40%) = $492,000
If the price of a good increases, all else the same, then the consumer's total utility will increase. decrease. remain the same as consumption shifts to cheaper goods. decrease if there are no substitutes for the good and remain the same if there are substitutes for the good.
When the price of a good increases, all else the same, then the consumer's total utility will decrease.
What is utility?Utility simply means the satisfaction that's gotten when one consumes a particular product.
In this case, it should be noted that when the price of a good increases, all else the same, then the consumer's total utility will decrease. This is because less products will be bought.
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A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand for this product as Price = 150- 0.01 x Demand for an annual printing of this particular product. The fixed costs per year (i.E., per printing) =$50,000 and the variable cost per unit =$40. What is the maximum profit that can be achieved if the maximum expected demand is 6,000 units per year? What is the unit price at this oint of optimal demand?
Answer:
a. The maximum profit that can be achieved is $300,000.
b. The unit price at this point of optimal demand is $90.
Explanation:
From the question, we can obtain the following:
x = Maximum expected demand = 6,000 units
Price = 150 - 0.01 x = 150 - (0.01 * 6,000) = 150 - 60 = $90
Fixed cost per year = $50,000
Variable cost per unit = $40
Total variable cost = Variable cost per unit * Maximum expected demand = $40 * 6,000 = $240,000
Total cost = Fixed cost + Total variable cost = $50,000 + $240,000 = $290,000
Revenue = Price * Maximum expected demand = $90 * 6,000 = $540,000
Therefore, we have:
a. What is the maximum profit that can be achieved if the maximum expected demand is 6,000 units per year?
Profit = Revenue - Total cost = $540,000 - $240,000 = $300,000
Therefore, the maximum profit that can be achieved is $300,000.
b. What is the unit price at this point of optimal demand?
As already stated above, the following are given in the question:
x = Maximum expected demand = 6,000
Price = 150 - 0.01 x ........................... (1)
Substitute for x in equation (1), we have:
Price = 150 - (0.01 * 6,000) = 150 - 60 = $90
Therefore, the unit price at this point of optimal demand is $90.
Which note-taking method is most appropriate for taking notes while reading?
a. Cornell format
b. outline format
c. list format
d. paragraph format
Answer: I think it's a. Cornell format because it is a combination of writing a list, any methods learnt, and has a notes column.
Something like this
Explanation:
a medicare benefit period begins with the first day of hospitalization and ends when the patient has been out of the hospital for __________ consecutive days.
A Medicare benefit period begins with the first day of hospitalization and ends when the patient has been out of the hospital for 60 consecutive days.
A Medicare benefit period starts on the first day you receive hospital or skilled nursing care as an inpatient. A benefit period ends when you've been out of the hospital or skilled nursing care facility for at least 60 days in a row. If you go into a hospital or a skilled nursing facility after one benefit period has ended, a new benefit period will start when you return to that hospital or facility. A benefit period starts on the day you enter a hospital and ends on the day you leave. It covers your hospital care, skilled nursing care, home health care, and hospice care if you receive all of these services in one facility or if you transfer to another care facility while under a hospital's care.
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Mario was surprised that the box that was supposed to tell him how many words he used in his document did not appear after the spelling and grammar check of his document was complete. Which step did Mario forget to do in Word’s Options dialog box?
Answer:
He forgot to tick 'Show readability statistics' in the Word's Option dialog box
Explanation:
Mario did a typing work using Microsoft word; he typed in the Word interface. Having finished typing the document, Mario used the 'spelling and grammar check' tool to ensure his document had no errors; the 'spelling and grammar' tool ensures that the document obeys the rules of lexis and structure of the language used in typing the document. The tool corrects typographical, grammatical & lexical errors. After having run the error check for spelling and grammar, a dialog box ought to open in the Word interface giving a summary of the corrections made. However, Mario did not get this dialog box. Herein is his dilemma.
Mario omitted a step in his proofreading work and that's why the dialog box did not pop-up. Mario can rectify his omission by following these steps:
I. Click on the 'File' tab from the menu bar
II. Click on 'Options' under the File tab
III. An interface opens, click on 'Proofing' menu
IV. Navigate to the heading 'When correcting spelling and grammar in Word'
V. Tick the box 'Show readability statistics'
When Mario follows this procedure, the box will open up after the spelling and grammar check giving him the summary of his document (the number of words used etc.). Mario forgot to enable/tick the 'Show readability statistics' in the Word's Option dialog box
Answer: D
Click the show the readability statistics option.
Explanation:
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As a producer, you are willing to supply the most goods at the highest price. This is because the highest
price earns you the
most demand
highest costs
most profits
Answer: most profits
Explanation:
the marketing process involves eight major business functions.
The marketing process involves eight major business functions and the marketing mix consists of things that the organization looks into—product, price, distribution, and promotion.
What is the Marketing Mix?The 4 Ps of product, price, place, and promotion have historically been the focus of a fundamental business model known as the "marketing mix." The marketing mix is described as the "collection of marketing tools that the organization uses to attain its objectives in its target market."
Merchandise, cost, advertising, location, packaging, placement, and personnel. You must frequently review these seven Ps as products, markets, customers, and needs change quickly. The four Ps of a "marketing mix" are made up of four essential components that are used to promote a good or service: product, price, place, and promotion. The four Ps are typically taken into account by firms when developing marketing strategies to reach their target audience.
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For which of the following is the cross-price elasticity of demand most likely a large positive number?
A)
hockey pucks and hockey sticks
B)
DVDs and milk
C)
french fries and onion rings
D)
all of these, because the cross-price elasticity is always a positive number
The cross-price elasticity of demand measures the responsiveness of the quantity demanded of one good to a change in the price of another good. The correct option is (A) hockey pucks and hockey sticks.
If the cross-price elasticity of demand is a large positive number, it means that the two goods are substitutes, and an increase in the price of one good will result in a significant increase in the demand for the other good.
Out of the given options, the cross-price elasticity of demand is most likely to be a large positive number for option A) hockey pucks and hockey sticks.
This is because these two goods are closely related and can be used interchangeably.
If the price of hockey sticks were to increase, consumers might switch to buying hockey pucks instead, leading to an increase in the demand for hockey pucks and a positive cross-price elasticity of demand.
Option B) DVDs and milk are unrelated goods and are not substitutes or complements, so the cross-price elasticity of demand is likely to be very small or even zero.
Option C) French fries and onion rings are complements, meaning that they are often consumed together.
If the price of french fries were to increase, consumers may be less likely to purchase onion rings as well, leading to a negative cross-price elasticity of demand.
Option D) is incorrect because the cross-price elasticity of demand is not always a positive number.
It can be negative, zero, or positive, depending on the relationship between the two goods.
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