Answers
Skills necessary to identify and exploit elements of the business environment that can lead to a profitable and sustainable business are called opportunity competencies.
What is the definition of profit?The greatest definition of profit is gain, especially when it is attained by raising the price of things so that consumers' payments exceed producers' costs and a sizable return on the money spent is left over. Profit is the money that is left over after expenditures and expenses have been paid.income from trade or business after covering the costs of generating and disbursing goods and services: Selling scraps to textile businesses brings her a sizable profit.The amount made by selling a product is referred to as the profit, and it must exceed the item's cost price. In other words, a profit is a benefit from any commercial activity.To learn more about profit refer to:
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Related Questions
Initiative means letting your boss define your tasks.
Answers
Answer:
False
Explanation:
1. the ability to assess and initiate things independently.
2. the power or opportunity to act or take charge before others do
Answer:
F
Explanation:
Melissa is an insurance agent who wants to sell a new insurance policy specially designed for business professionals. Which promotional strategy should she use to promote her product effectively?
A. telemarketing
B. personal selling
C. radio advertisement
D. sales promotion
Answers
Answer: The most effective promotional strategy for Melissa to use in this situation would likely be "B. personal selling."
Explanation: Personal selling involves building a relationship with potential customers and presenting the benefits of a product or service in a face-to-face setting. This is often the most effective way to sell complex or specialized products, such as insurance policies, because it allows Melissa to tailor her pitch to the specific needs and concerns of the business professionals she is targeting.
Telemarketing, radio advertisement, and sales promotion are all different types of promotional strategies that might be less effective in this situation. Telemarketing involves making sales pitches over the phone, which may not be as effective for a complex product like an insurance policy. Radio advertisement and sales promotion are more suitable for mass-market products or for creating awareness about a product, but may not be as effective for persuading business professionals to purchase a specialized insurance policy.
Answer:
i think it b
Explanation:
Do interest rates matter for credit cards?
Answers
Credit cards can cost you money if you don't pay your bills on time because the interest rates charged by lending organisations have a significant negative influence on both your personal finances and credit score.
The best credit card APR is one that is around 10%, but you might need to visit your neighbourhood bank or credit union to discover one. An APR that is lower than the average would also be regarded favourably by the Federal Reserve, which monitors credit card interest rates. If you settle your bill in whole each month, APR is irrelevant. It doesn't matter whether your credit card has a 10 percent or 25 percent interest rate.
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1
Select the correct answer.
Stuart, an accountant, has just created a list of all the major expenses that his firm incurred in the previous month. He wants to find the smallest
expense that the business incurred. If Stuart is using the spreadsheet program OpenOffice Calc, which Subtotals function should he use after
selecting the necessary cells?
А.
SUM
В.
COUNT
C. MIN
D.
AVERAGE
Reset
Next
Edmentum. All rights reserved.
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DU
A9x
Answers
Answer:
count
Explanation:
no explanation i got it right
Answer:MIN
Explanation: trust me
Which of the following concepts best describes the supply of housing? A. Irrational B. Inelastic C. Marginal D. Demographic
Answers
Answer: Inelastic
Explanation:
Which is the first step in preparing a message either written or verbal?
Consider the audience
Create an outline
Choose a delivery method
Determine the purpose of the message
Answers
Answer: Determine the purpose, I believe. This is my specific order:
Explanation:
1. Determine the purpose of the message
What is your message going to be about?
2. Choose a delivery method
Are you trying to persuade your audience?
3. Consider the audience
Think about what ways you can get your specific audience to pay attention to you and hear you out throughout your message.
4. Create an outline
An outline is similar to a pre-write. Choose the order of events you will be delivering your message in.
Which best describes an employer of Consumer Services workers? O a manager of a retail store a principal of a private school O a worker in a spa an archbishop in a church
Answers
A manager of a retail store and a principal of a private school, Best describes an employer of Consumer Services workers.
What are customers?A client is a person who purchases goods, services, or ideas from a seller, vendor, or supplier in exchange for money or another useful consideration. This definition applies to sales, commerce, and economics.
An individual or business that purchases goods or services from another company is known as a customer. Customers are crucial to businesses because they generate income; without them, they would cease to exist.
Customers' queries and worries should be heard, and any necessary responses should be given. Describe items and services in detail. Take orders, compute costs, and handle invoicing or payment processing. Examine customer accounts and make any required adjustments.
Therefore, option (A) is correct.
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hey honey buches wuv you all <3 *nuzzels nose* UwU
Answers
Answer:
aw ty
Explanation:
Required: Evaluate the firm’s performance for the year 2020 and 2021 by: a. Calculating the same ratios as the industry norms. (20 marks)
Answers
It is necessary to calculate the same ratios as the standards for the industry norms in order to assess the firm's performance for the years 2020 and 2021.
What examples of industry norms are there?Industry. industry customs, including the way truckers flash their lights to communicate with one another. For instance, a brief flash of lights can let a passing vehicle know that they can join back it into lane.
Where can we get the industry standards?Norms can be found in a variety of places for financial analysts. The Dunn & Geddes industry ratios and also the Risk Management Institute guide for industry ratios are two of the most well-known. Value Line and Standard & Poor's are some additional sources.
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Blossom Company borrows $69,600 on July 1 from the bank by signing a $69,600, 10%, 1-year note payable.
(A) prepare the journal entry to record the proceeds of the note.
(B) Prepare the journal entry to record accrued interest at December 31, assuming adjusting entries are made only at the end of the year.
Answers
To record the proceeds of the note, the following journal entry is made:
Date | Account | Debit | Credit
July 1 | Cash | $69,600 |
| Notes Payable | | $69,600
What is the journal entry to record the proceeds of the note?The company received $69,600 in cash, which is recorded as a debit to the Cash account. The company incurred a liability by borrowing the money, which is recorded as a credit to the Notes Payable account.
To record accrued interest at December 31, the following journal entry is made:
Date | Account | Debit | Credit
December 31 | Interest Expense | $6,960 |
| Interest Payable | | $6,960
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Let point A correspond to 80 units of cheap food and 20 units of environmental quality. Let point B correspond to 50 units of cheap food and 30 units of environmental quality.a. Label the axes. b. What is the technical name of the curve mentioned earlier? c. Calculate how many units of cheap food you are willing to give up to receive one more unit of environmental quality in order to maintain the same level of satisfaction.
Answers
a. The horizontal axis could be labeled "Cheap food" and the vertical axis could be labeled "Environmental quality".
b. The technical name of the curve that is mentioned earlier is an indifference curve.
c. The consumer is willing to give up approximately 0.33 units of cheap food to get one more unit of environmental quality.
The willingness to give up some cheap food to get one more unit of environmental quality is measured by the marginal rate of substitution (MRS). MRS is the rate at which a consumer is willing to trade one good for another while maintaining the same level of satisfaction.
To calculate the MRS, we can use the slope of the indifference curve passing through points A and B. The slope of the indifference curve represents the rate at which a consumer is willing to substitute one good for another.
The formula for the slope of a curve at a given point is:
Slope = ΔEnvironmental quality / ΔCheap food
Slope = (30 - 20) / (50 - 80)
Slope = 10 / (-30)
Slope = -1/3
Slope = -0.33
The negative sign indicates that the consumer is willing to give up some cheap food to get more environmental quality.
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who is responsible for withholding the employees income tax?
Answers
Answer:
For the most part, the employer withholds these taxes on behalf of their employees, but in cases where an employer does not do this, or where an employee is self-employed, it is the responsibility of the employee to pay these withholding taxes
A population of unknown shape has a mean of 75. You select a sample of 20. The standard deviation of the sample is 5. Compute the probability the sample mean is: a. Between 76 and 77. (0.5 Points) b. Greater than 77. (0.5 Points)
Answers
Answer: a. 0.1500 b. 0.0367
Explanation:
Let X is a random variable with a distribution that may be known or unknown:
\(\mu_x\) = the mean of X
\(\sigma_x\) = the standard deviation of X
If we draw random samples of size n, then the random samples contains sample means \(\overline{X}\), tends to be normally distributed
\(\overline{X}\sim N(\mu_x,\dfrac{\sigma_x}{\sqrt{n}})\)
Here, \(\mu_x\) = 75
\(\sigma_x\) =5
n=20
a.
\(P(76<\overline{X}<77)=P(\dfrac{76-75}{\dfrac{5}{\sqrt{20}}}<\dfrac{\overline{X}-\mu}{\dfrac{\sigma}{\sqrt{n}}}<\dfrac{77-75}{\dfrac{5}{\sqrt{20}}})\\\\=P(0.89<Z<1.79) \ \ [z=\dfrac{\overline{X}-\mu}{\dfrac{\sigma}{\sqrt{n}}}]\\\\=P(z<1.79)-P(z<0.89)\\\\=0.963273-0.813267=0.150006\approx0.1500\)
b.
\(P(\overline{X}>77)=P(\dfrac{\overline{X}-\mu}{\dfrac{\sigma}{\sqrt{n}}}>\dfrac{77-75}{\dfrac{5}{\sqrt{20}}})\\\\=P(Z>1.79) \ \ [z=\dfrac{\overline{X}-\mu}{\dfrac{\sigma}{\sqrt{n}}}]\\\\=1-P(z<1.79)\\\\=1-0.963273=0.036727\approx0.0367\)
Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the following questions. Assume that the base year is 2015. Good 2015 Price 2015 Quantity 2016 Price 2016 Quantity A $2 250 $3 200 B $3 300 $2 400 C $4 400 $5 500 What was the growth rate of real gross domestic product (GDP) between the two years
Answers
Answer:
20%
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Nominal GDP is GDP calculated using current year prices while Real GDP is GDP calculated using base year prices. Real GDP has
Real GDP in 2015 = ( $2 x 250) + ($3 x 300) + ($4 x 400) = $3000
Real GDP in 2016 = ( $2 x 200) + ($3 x 400) + ($4 x 500) = $3600
Growth rate in real GDP = $3600 / $3000 - 1 = 0.2 = 20%
Lartey Corporation's cost formula for its selling and administrative expense is $22,200 per month plus $27 per unit. For the month of December, the company planned for activity of 5,300 units, but the actual level of activity was 5,270 units. The actual selling and administrative expense for the month was $168,150.
The activity variance for selling and administrative expense in December would be closest to:
Answers
The activity variance for selling and administrative expense in December is negative, which means that the actual expense was less than what we would expect based on the flexible budget.
To calculate the activity variance for selling and administrative expense in December, we need to use the cost formula provided by Lartey Corporation, which is $22,200 per month plus $27 per unit.
First, let's calculate the planned (budgeted) selling and administrative expense for December based on the planned activity level of 5,300 units:
Planned selling and administrative expense = $22,200 + ($27 x 5,300) = $171,900
Next, we can calculate the flexible budget for selling and administrative expense based on the actual level of activity, which was 5,270 units:
Flexible budget for selling and administrative expense = $22,200 + ($27 x 5,270) = $170,790
Finally, we can calculate the activity variance by subtracting the flexible budget from the actual selling and administrative expense:
Activity variance = Actual selling and administrative expense - Flexible budget
Activity variance = $168,150 - $170,790
Activity variance = -$2,640
The activity variance for selling and administrative expense in December is negative, which means that the actual expense was less than what we would expect based on the flexible budget. This could be due to cost savings or efficiencies in the company's operations.
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which of these is representative of quantitative data
Answers
Joni buys coffee three times a week at the local donut shop is representative of quantitative data. The correct option is A.
Quantitative data consists of numerical quantities that can be quantified and statistically analyzed. In this scenario, the statement specifically mentions Joni's coffee consumption, revealing that she buys it three times a week. The number "three" signifies a quantity that may be calculated and compared. Quantitative analysis of this data can be used to determine average weekly coffee purchases or assess Joni's coffee intake in comparison to others.
Thus, the ideal selection is option A.
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Your Question seems incomplete most probably your complete Question was:
Which of these is representative of quantitative data?
A.Joni buys coffee three times a week at the local donut shop.
B. Andre prefers chocolate cake over vanilla.
C. Georgia prefers floral-scented soaps to sweet-scented soaps.
D. Sammy likes to watch horror movies more than comedy.
1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
Answers
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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Discuss this statement: "Business competition encourages improved product quality and increased customer satisfaction
Answers
Explanation:
Hi there, I can help you in your school assignments. Customer satisfaction has and will always be my ultimate goal. Exemplary quality, A+ work and Timely delivery" is my daily practice. Always be assured of quality work. non-plagiarized work and a timely delivery.
The primary goal of a(n) ______ is the creation of standardized goods and services that will address the needs of customers worldwide.
Answers
The primary goal of a globalization is the creation of standardized goods and services that will address the needs of customers worldwide.
The term "globalization" describes how individuals have become more interconnected on a political, economic, and social level. We are edging away from isolated nations and toward a more interconnected global community. Business globalisation is the process through which a corporation transitions from being connected with a single country to one that conducts business internationally. Market globalization and production globalization are the two main areas in which the effects of globalization on company may be divided.
The lowering of obstacles to selling abroad is referred to as market globalization. With fewer limitations when crossing borders and lower tariffs that keep consumer prices lower, this shift will make it simpler for your business to start selling products abroad.
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On January 1, Sharp Company purchased $50,000 of Sox Company 6% bonds, at a time when the market rate was 5%. The bonds mature on December 31 in five years, and pay interest annually on December 31. Sharp plans to and has the ability to hold the bonds until maturity. Assume that Sharp uses the effective interest method to amortize any premium or discount on investments in bonds. At December 31, the bonds are quoted at 98.
Required:
a. Prepare the entry for the purchase of the debt investment on January 1, 2020.
b. Prepare the entry for the receipt of interest on December 31, 2020.
c. Record the entry to adjust the investment to fair value on December 31, 2020, if applicable
Answers
The journal entries to record the transactions for Sharp Company are as follows:
a) January 1, 2020:
Debit Bonds Receivable $50,000
Debit Bonds Premium $2,165
Credit Cash $52,165
To record the purchase of the debt investment.b) December 31, 2020:
Debit Cash $3,000
Credit Interest Revenue $2,608
Credit Bonds Premium Amortization $392
To record the receipt of interest.c) December 31, 2020:
Debit Fair Value Loss $1,000
Credit Bonds Receivable $1,000
To adjust the investment to fair value.What is a bond's premium?The bonds premium, in this case, refers to the excess cash that Sharp Company paid for the purchase of the bonds when the effective market rate is 5% with a coupon rate of 6%.
The implication is that Sharp Company paid more for the bonds than the market value.
Data and Calculations:Purchase of Sox Bonds = $50,000
PV = $52,165
Premium on bonds = $2,165
Interest rate = 6%
Market rate = 5%
Maturity period = 5 years
Interest payment = annually on December 31
Transaction Analysis:a) January 1, 2020: Bonds Receivable $50,000 Bonds Premium $2,165 Cash $52,165
b) December 31, 2020: Cash $3,000 Interest Revenue $2,608 Bonds Premium Amortization $392
c) December 31, 2020: Fair Value Adjustment $1,000 Bonds Receivable $1,000
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Jose and Zola want to purchase their first home. Jose makes $23.50 an hour and works 40 hours per week. Zola makes $21.50 an hour and works 40 hours of regular time and 5 hours of overtime a week. They have two car payments totaling $500 a month and one credit card with a minimum payment of $50 a month. What is their combined gross monthly income
Answers
Answer:
$1,411.25
Explanation:
The computation of the combined gross monthly income is shown below:
The earnings of Jose = $23.50 × 40 hours = $940
And, the earnings of Zola is
= $21.50 × 40 hours + 5 hours × $21.50
= $860 + $161.25
The total earnings is
= $940 + $860 + $161.25
= $1,961.25
And, the expenses are
= $500 + $50
= $550
So the combined gross monthly income is
= $1,961.25 - $550
= $1,411.25
Use the drop-down menus to complete statements about audio file formats
The most common file format for consumer storage and playback is
The
audio file was originally used on Apple computers.
The main audio format used in Microsoft Windows is
♡
Answers
Based on audio files available today, the following are true:
Most common file format - .MP3Originally used by Apple - . AIFFMain audio format for Windows - .WAVWhat are some audio formats?The most common file format for audio storage and playback is the .mp3 format which allows is to run on virtually all audio devices.
For audio files, Apple first developed the .aiff format but this has since been replaced. Windows on the other hand, developed the .wav format for audio files.
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fill in the blank. by drawing a demand curve with___on the vertical axis and___on the horizontal axis, economists assume that the most important determinant of the demand for a good is the___of the good.
Answers
By drawing a demand curve with price on the vertical axis and quantity on the horizontal axis, economists assume that the most important determinant of the demand for a good is the price of the good.
In the term of business and economic, A demand curve generally can be defined as a graph that shows the relationship between the price of a good or service. The demand curve also has a function to show the quantity demanded within a specified time frame. To understand the price and quantity relationship for consumers in a particular market, we can use a demand curve to solved it. In the demand curve, the curve will slope down due to an inverse relationship between price and demand.
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A company purchased inventory for $2,000 from a vendor on account, FOB shipping point, with terms of 2/10, n/30. The company paid the shipper $100 cash for freight in. The company then returned damaged goods worth $200. The invoice has been paid 8 days after the sale. Assuming that there was no beginning inventory balance, the cost of inventory would be: (Assume a perpetual inventory system)
Answers
Answer:
$1,864
Explanation:
Calculation for Assuming that there was no beginning inventory balance, the cost of inventory would be:
Cost of Purchase$2,000
Less Purchase Returns($200)
Less Purchase Discount ($36)
[(2%*$2,000)-(2%*$200)]
($40-$4=$36)
Add Freight In $100
Net Cost of Inventory Purchased $1,864
($2,000-$200-$36+$100)
Therefore Assuming that there was no beginning inventory balance, the cost of inventory would be: $1,864
In one paragraph explain how the US government protects the money you deposit in a bank
Answers
Bank savings accounts, bank CDs, and money market mutual funds administered by brokerage firms like Fidelity are the most popular venues to save cash.
How will my money be safeguarded?The Financial Services Compensation Scheme (FSCS) is the principal form of defence. In case a bank failed, it was designed to protect people's savings
How is the money in a bank secured?One of the many advantages of holding an account with an FDIC-insured bank is deposit insurance, which is how the FDIC safeguards your funds in the unusual case of a bank failure. Every category of account ownership is covered by the basic insurance policy, which provides $250,000 per depositor, each insured bank.
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(a) Explain the marketing strategies Sanders ventured in ensuring that his business became global
Answers
Sanders ventured in creating a consistent and strong brand culture ensuring his business became global market.
For businesses expanding globally, building a powerful, enduring brand that customers are always able to recognize is a top concern. Brand structure has evolved into more of a brand culture as the internet has grown and expanded. To be more precise, it is increasingly common these days for the business you support to be representative of your culture. If you sacrifice your brand culture, it could be detrimental.
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Match the categories in the first column with examples in the second column. 1. Good for watching movies smart phone 2. Maximum power with small size PDA 3. Older style mobile devices that may or may not have Internet connectivity tablet computer
Answers
The categories are being matched with the examples are as follows:
Good for watching movies should be matched with the tablet computer.Maximum power with a small size matched with a smartphone.Older style mobile devices that may or may not have Internet connectivity matched with PDA.What is an electronic device?An electronic device is a component through which the information is processed due to the flow of electric currents.
The tablet computer is a device used to watch movies and many other related tasks it can perform.A smartphone is a device which is having a minimum size with maximum power in it.PDA stands for Personal Digital Assistant in which the internet connection may or may not be present and are the older devices.Therefore, the provided examples are clearly matched with the categories.
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Jalissa owns a sandwich shop and wants to expand her business. She has talked to other local shop owners for ideas about how to do this and a few suggested adopting an online presence. How could e-commerce help Jalissa expand her business?
A: It can attract customers from a wider area.
B: It can increase her revenue by allowing her increase prices.
C: It can decrease her security costs.
D: It can eliminate the need for workers in her shop.
Answers
Answer: it can attract customers from a wider area.
Explanation:
A company's core value ls are those beliefs and princple that provide the ultimate guide to its decision making? True or false
Answers
Answer:
True
Explanation:
The core values of an organization are those ideals and concepts that give its decision-making the definitive compass.
What are the purposes of communication in business or organizational settings?
Answers
if there is no form of communication in a business or organization there would bad decisions making also no one to consult in while make a decision
Answer:
Communication is vital to coordinating actions and articulating goals. The ability to effectively communicate is a necessary condition for a manager to successfully planning, organizing, leading, and controlling functions.
Transmitting information is vital to an organization's ability to function. Coordinating effort within the organization helps people work toward the same goals. Sharing emotions and feelings bonds teams and unites people in times of celebration and crisis.
Effective communication helps people grasp issues, build rapport with coworkers, and achieve consensus.
Explanation:
Communication fulfills three main functions within an organization: (1) transmitting information, (2) coordinating effort, and (3) sharing emotions and feelings. All these functions are vital to a successful organization.