Technological advances in one sector of the economy can lead to a change in the number of people who work in another sector of the economy due to the interconnectedness of the economy.
What is economy?An economy is described as a set of activities like trading of goods, consumption of goods, and production of goods and services in a nation or within a geographical area.
Technological advancement in one sector of an economy causes the other lagging sectors to also progress. For example, when the information technology sector of a region or a country experiences growth, other sectors like schools, healthcare institutions, and training institutes also experience growth, and it also generates employment. The other sectors use advanced technologies to increase productivity and enhance student learning. All the sectors in an economy are connected, and this causes other sectors in an economy to develop as well.
It can be concluded that technological advances in one sector of the economy can lead to a change in the number of people who work in another sector of the economy due to the interconnectedness of the economy.
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a supermarket expects to sell 4000 boxes of sugar in a year. each box costs $2, and there is a fixed delivery charge of $20 per order. if it costs $1 to store a box for a year, what is the order size and how many times a year should the orders be placed to minimize inventory costs?
If it costs $1 to store a box for a year, the order size is 400 units and the number times a year should the orders be placed to minimize inventory costs is 10 times.
Economic order quantity (EOQ)Economic order quantity:
Using this formula to determine the economic order quantity
EOQ = √[2 (setup costs)(demand rate)] / holding costs.
Let plug in the formula
EOQ =√(2× 20× 4000)/1
EOQ = √160,000
EOQ = 400 units
Number of orders:
Number of orders = Annual Demand / EOQ
Number of order = 4000/400
Number of order = 10 times
Therefore the EOQ is 400 units and the number of orders is 10.
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bill buyer and sam seller have entered into a contract. bill has inserted a provision that the contract is contingent upon his selling his home for an acceptable price. what is the status of the contract?
Bill buyer and sam seller have entered into a contract. bill has inserted a provision that the contract is contingent upon his selling his home for an acceptable price, the status of the contract ---The contract may be void because the contingency is too vague.
What are the rules of contingent contracts?A contingent contract might be grounded on the non-happening of an uncertain future event. In similar cases, the pledge is liable to do or not do commodity if the event doesn't be. still, the contract can not be executed by law unless passing of the event becomes insolvable.
What's contingent contract illustration?Contingent Contracts in simple words means these are those contracts where a pledge is tentative and grounded on some passing and non-happening of some uncertain future event, the contract shall perform. The contracts of insurance, guarantee, and insurance are some exemplifications of contingent contracts.
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Jim is wanting to retire in 5 years. He already has a large sum of money built up from consistent saving over time. Which investment option would be the LEAST LIKELY for him to continue purchasing?
A stocksstocks
B bondsbonds
C certificates of depositcertificates of deposit
D mutual funds
As Jim has a large sum of money built up from consistent saving over time, an investment option would be the least likely for him to continue purchasing will be a mutual fund.
What is an investment?In business, an investment refers to an asset or item acquired with the goal of generating income or appreciation. Most time, when someone purchases a goods as an investment, the intention is not to consume its but rather to use it in the future to create wealth.
We have a short and long term investment, mutual funds belong to a short term investment, therefore, the investment option would be the least likely for him to continue purchasing will be a mutual fund.
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use this information for best corporation: the contribution margin ratio is 30% for the and the break-even point in sales is $150,000. if the company's target net operating income is $60,000, sales would have to be:
If the company's target net operating income is $60,000, the sales would have to be $350,000.
Define sales.The revenues received when a corporation sells its items, products, stuff, etc. are referred to as sales in accounting. The sum paid when a corporation sells a noncurrent asset that was formerly used in its operations (such as an old delivery vehicle, display counters, company car, etc.) is not reported as a sale. It is the quantity of goods and services that a company sells over the course of a reporting period. It is listed at the top of the income statement as a monetary amount, from which operational and other expenses are deducted to determine if a profit or loss was made.
Contribution Margin = 30%
Break even point sales = $150,000
Break even point = Fixed Cost/Contribution Margin
150,000 = x/30%
So Fixed cost x = $45,000
Contribution = Net income + fixed cost
= 60,000+ 45,000
= $105,000
So when contribution is 30% , sales is 100%
sales = 1,05,000/30%
= $350,000
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rebecca siddoway own and operate country candies. siddoway specializes in making rich, creamy toffees that she packages in attractive gift boxes and sells through the mail. what would be the advantage to siddoway if she decides to incorporate her business?
The benefit for Sideway if she decides to incorporate her business is that
corporations have an expanded potential to acquire financing.
A company is a legitimate entity that exists independently of its owners. Many of the same legal rights and obligations that apply to individuals financing also corporations apply to businesses. They have legal authority to make agreements, lend and borrow money, file lawsuits, hire staff, possess property, and pay taxes.
The majority of big companies are corporations, such Some businesses operate both under corporations their own names and under several trade names, such as financing illustrious parent company, Alphabet Inc.
When a group of shareholders incorporates a business with the intention of pursuing a common objective, they each hold stock shares corporations that reflect a portion of the corporation's ownership.
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What differentiated the economy in the southern united states from the economy in the northern united states in the nineteenth century?.
Due to its reliance on the agricultural rather than the manufacturing sectors, the southern United States' economy in the 19th century differed significantly from that of the northern United States.
What is the economy?A region's economy is its capacity for the creation, exchange, and consumption of products and services. Generally speaking, it is described as a social domain that places an emphasis on the activities, discourses, and material manifestations connected to the creation, use, and management of finite resources.
A system of interconnected production and consuming activities makes up an economy, and these activities ultimately decide how resources are distributed within a society.
The whole production and consumption of products and services meets the demands of persons residing in and conducting business inside it.
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5. turnkey systems, inc. began the month of june, 2014 with a prepaid expenses balance of $240,000. during the month, debits totaling $110,000 and credits totaling $80,000 were made to the prepaid expenses account. what was the june, 2014 ending balance of prepaid expenses? a debit balance of $210,000 a credit balance of $210,000 a debit balance of $270,000 a credit balance of $270,000
The net residual balance in an account is the finishing balance. It is typically measured as part of the closing process at the conclusion of a reporting period. The process of calculating an ending balance involves adding the amount of all transactions in an account to the initial balance.
The following formula can be used to determine the final balance of prepaid expenses:
Beginning balance plus debit entries minus credit entries equals the final balance. We are informed of the following:
Start-Up Balance: $240,000
$110,000 in total debit entries
$80,000 total credit entries
Consequently, the ending balance is 24000+110000-80000, or 270,000.
$270,000 will be the final sum of prepaid expenses.
An item that has been paid for in advance but has not yet been recorded as an expense by a corporation is documented at a specific point in time. In other words, prepaid expenses are outlays that are made during one accounting period but won't be recorded until a subsequent one.
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a company issues its equity securities to purchase land. the common stock is publicly traded, and both the value of the stock and the land is known. the best indicator of fair value is the value of the multiple choice question. land. stock.
A company issues its equity securities to purchase land. the common stock is publicly traded, and both the value of the stock and the land is known. the best indicator of fair value is the value of the stock.
Inventory includes the stocks of which ownership of a organization or organisation is divided. A unmarried percentage of the stock method fractional ownership of the organisation in proportion to the total variety of stocks.
A stock is a protection that represents a fractional possession in a business enterprise. when you buy a corporation's inventory, you are purchasing a small piece of that business enterprise, known as a share. investors purchase shares in businesses they think will cross up in fee. stocks constitute possession in a publicly traded agency. when you purchase a enterprise's stock, you grow to be part-proprietor of that corporation. for example, if a agency has one hundred,000 shares, and also you purchase 1,000 of them, you personal 1% of the employer.
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there is no difference between strategic and tactical forecasting - a forecast is a mathematical projection and its ultimate purpose should make no difference to the analyst. o true o false
Strategic forecasting is the same as tactical forecasting: False
Write a note on strategic forecasting.Companies employ tactics to achieve their objectives. Forecasting what objectives are achievable and to what extent the organization will succeed in achieving them is one of the fundamental components of a business' operations. The two roles are connected by strategic forecasting, which use operating methods to assure the accuracy of these forecasts and adjusts them to support strategic goals. Small firms occasionally make projections but consistently fall short of their goals. They can improve the accuracy of their forecasts and achieve their goals by incorporating forecasting into their business plans.
Forecasting is treated as a separate function by businesses that are not involved in strategic forecasting. In order to arrive at potential sales and profit statistics, businesses attempt to predict the behavior of the variables in their business environment. They use realistic goals derived from these forecasts as the foundation for their plans. This simple strategy is used by many small businesses, and when they fall short of their goals, they attribute it to unanticipated changes in the external environment of their industry and make an effort to improve over the following cycle.
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what is the price today (in dollars and cents) of a 3-year 5.65% coupon rate bond that returns the par value of $1000 at maturity if the yield to maturity is 12.50%
A zero-coupon bond has a yield to maturity of 5 nd a par value of $1,000 , for a 3 year 5.65% coupon rate bond.
What is coupon rate bond and what is the price today of a 3 year 5.65% coupon rate bond?Simultaneously of holding a bond , the annual income an investor can expect to recieve is what we call coupon rate bond.Here is mentioned a 3 year 5.65% coupon rate bond that returns the par value of thousand dollars at maturity.Purchasing a $1000 bond and if the coupon rate is 5% then the issuer provides the investor with 5% interest every year.Hence the zero coupon bond of a 3 year 5.65% coupon rate bond that returns the par value of thousand dollars at maturity if the yield to maturity is 12.50%.To know more about coupon rate visit:
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john smedley, a careful maximizer of utility, consumes only two goods, peanut butter and ice cream. he had just achieved the utility-maximizing solution in his consumption of the two goods when the price of ice cream fell. as he adjusts to this event, he will consume:
As he adjusts to this event, he will consume more peanut butter and less broccoli.
Consumption is an activity that aims to reduce or spend the use value of goods/services to meet needs or direct satisfaction. Those who carry out consumption activities are called consumers. It is these consumers who use goods/services either for their own use or for the benefit of people or other living things that are not for resale.
Consumption has several important functions and roles in economic activity, including the following.
Fulfillment of Human DesiresEconomic ActivitiesSupport Production ActivitiesAnalyzing Individual BehaviorFormulation of the State's EconomyIncome and Employment TheoryYou can learn more about Consumption here brainly.com/question/14933604
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this final act in closing out a project helps future projects, may be required by government regulations, ensures warranties are valid, may be required by the customer, and may be required for certification. what process does this describe?
Project closure is the last step in finalizing a project. It deals with unsolved issues and archives the data of the project for future reference.
It is an important step in finalizing the project as the project information is archived, plans are completed, and allows the team members move forward with other plans. The first step is to review the progress, complete the deal and make a report of customer satisfaction.
The second step includes the lessons learned from the project. It includes a review of the timeline, project budget, and other aspects included in the completion of the project.
The third step is the sense of accomplishment among the team members involved in the completion of the project. The final step is to archive the details and information of the project for future reference. It notifies the team and upper authority about the completion of the project.
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determine which statements below are correct regarding merchandise available for sale during a period. (check all that apply.)multiple select question.beginning inventory ending inventory
The statement is correct regarding merchandise available for sale during a period: Beginning inventory + net purchase = merchandise for sale; ending inventory + cost of goods sold = merchandise for sale.
Inventory refers to the stock of merchandise held by a business. It is a crucial part of running a business, as it can affect both your bottom line and your customer satisfaction. The right inventory management system can save businesses time and money and ensure that you have all the supplies and materials
An effective inventory management system is essential for businesses to maintain efficient sale . There are a number of factors to consider when designing an inventory management system, such as the type of goods being stored, the frequency of inventory turnover , and the desired level of accuracy.
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An automobile salesperson uses ________ when it accesses a mobile system to obtain the latest information on consumer demand for electric vehicles.
An automobile salesperson uses market place or social media when it accesses a mobile system to obtain the latest information on consumer demand for electric vehicles.
Social media are used by some businesses for increasing their brand awareness, others use it for driving website traffic and sales. Social media can help you generate engagement around your brand, create a community, and serve as a customer support channel for your customers.
Social media can help you to connect to your customers, increase your online traffic, improve your customer-brand relationship, and establishes your credibility.
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the degree of customer contact measures the amount of time the customer is in the service delivery system. none of these choices are correct. the amount of time the customer is separated from the service delivery system. the customization abilities of the service system.
The degree of customer contact measures the amount of time the customer is B. The amount of time the customer is in the service delivery system while the service is being produced.
Fantastic clients are Advocates. High-quality customers, after they surely are becoming exceptional price out of your product, become extra than just glad. They do greater than just references. They provide you with extra than just excessive consumer pleasure marks.
Clients want your services or products to be characteristic of the manner they want with the intention to resolve their problem or preference. Clients have precise budgets with which they can purchase a service or product. Your services or products desire to be a convenient strategy to the characteristic your customers are looking to meet.
These are variables that include the event, the benefit sought, consumer status, consumer charge, loyalty rate, readiness stage, and purchasers' attitude. They include loyalty, value, frequency of purchase, quantity of purchase, time of year, time concerned in buying decision, and where a customer purchases the product.
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leonard oil refiners inc. needs to borrow $1 million overnight and is willing to secure the loan with a portfolio of securities that the borrower will repurchase tomorrow at a higher price. this is an example of a(n):
Based on the fact that Leonard oil refiners inc. needs to borrow $1 million overnight and is willing to secure the loan with a portfolio of securities and the borrower will repurchase tomorrow at a higher price. this is an example of a repurchase agreement
What is a Repurchase Agreement?This refers to the type of agreement that is made between a dealer and investors and is a short-term borrowing usually in government securities that usually leads to repurchase the item at a higher price.
Hence, we can see that the given question is a perfect example of this repurchase agreement as the company, Leonard oil refiners inc. needs to borrow $1 million overnight and trades their securities.
With this in mind, the correct answer is a repurchase agreement
In conclusion, it can be seen that to secure the loan with a portfolio of securities that the borrower will repurchase tomorrow at a higher price. this is an example of a repurchase agreement
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hoover company had beginning inventory of $15,000 at march 1, 2014. during the month, the company made purchases of $55,000. the inventory at the end of the month is $17,300. what is cost of goods sold for the month of march?
The required details about inventory is mentioned in below paragraph.
All the goods, services, and supplies that a company keeps on hand with the goal of reselling them for a profit are referred to as inventory. Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute goods to clients. Counting or cataloguing items is referred to as taking an inventory. All items that are in various stages of manufacturing are referred to as inventory, or a current asset in accounting terms. Retailers and businesses can continue to sell and make items by conserving inventories. Both the items that are readily accessible for purchase and the raw materials required to produce those items are included in inventory. On the balance sheet of an organization, it is listed as a liability.
Given that:
The opening merchandise inventory is $15,000
The merchandise purchases is $55,000
The ending merchandise inventory is $17,300
Cost of goods sold = Opening merchandise inventory + Merchandise purchases - Ending merchandise inventory
=$15,000 + $55,000 - $17,300
=$52,700
The cost of goods sold for the month is $52,700
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gthe peak of a business cycle is typically accompanied by: group of answer choices the highest unemployment rate over the cycle the highest rate of increase in the price level over the cycle the lowest output of goods and services over the cycle all of the above
The peak of a business cycle is generally accompanied by 'the highest rate of increase in the price level over the cycle'. Thus, the correct answer option is (b).
A business cycle refers to the repetitive economic changes that take place over time in a country. The business cycle shows the inverse and decrease in the economy over a period. The business cycle can be influenced by the factors such as interest rates, trade, investment, and production costs. Primarily, financial professionals and enterprises measure the business cycle by the influences of trade and production costs and fluctuations in the gross domestic product (GDP).
The peak is the second phase among the four phases of the business cycle. The peak phase is the point right before core economic indicators begin to fall. At the peak of the business cycle, the highest rates of increase in the price level are noticed and businesses can no longer satisfy the demands of consumers.
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18. which of the following is a benefit to running an erp system? a. global integration c. capability to manage operations, not just monitor them b. elimination of updating and repairing multiple systems d. all of the above are benefits
Global integration, The capability to manage operations, not just monitor them, Elimination of updating and repairing multiple systems all are the benefit of running an ERP system. Hence, all of the above is the correct answer.
What is an ERP system?ERP is the integrated management of significant corporate processes, which is typically done in real-time and is mediated by software and technology. ERP is a type of business management software—typically a suite of linked applications—that a company may use to gather, store, manage and interpret data from various business operations. ERP solutions can be either local or cloud-based. Cloud-based apps have risen in popularity in recent years as a result of the information being easily accessible from any location with Internet connectivity. Traditional on-premise ERP systems are increasingly seen as obsolete technology.
ERP systems monitor business resources such as cash, raw materials, and manufacturing capacity, as well as the status of business obligations such as orders, purchase orders, and payroll.
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a firm wants to use an option to hedge 12.5 million in receivables from new zealand firms. the premium is $.03. the exercise price is $.55. if the option is exercised, what is the total amount of dollars received (after accounting for the premium paid)? group of answer choices
The total amount of dollars received (after accounting for the premium paid) is equals to $6,500,000. A forward premium can be defined as a situation in which the forward or expected future price for a currency is greater than the spot price.
In economy, a forward premium can be defined as a frequently measured as the difference between the forward rate and the current spot rate. Forward premium is equivalent to a discount when a forward premium is negative.
Dollars received from exercising option = $12.5 million x $.55 = $6,875,000.
Premium paid for options = $12.5 million x $.03 = $375,000.
Amount of dollars received minus premium = $6,500,000.
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describing, recommending, showing and offering a variety of food and beverage choices to a guest is known as a. order taking b. sales competition c. suggestive selling d. hard selling e. serving
Describing, recommending, showing and offering a variety of food and beverage choices to a guest is known as suggestive selling.
What is suggestive selling?
A sales tactic known as "suggestive selling," "add-on selling," or "upselling" is when a worker asks a customer if they want to include an additional purchase or suggests a product that might work for them.The client's purchase amount and the company's revenue are both boosted by suggestive selling.Frequently, the additional sale is a complementary product and much smaller than the initial purchase.
The method is based on the idea that it requires little effort when compared to the potential for additional revenue.This is due to the fact that the difficult task of convincing the buyer to buy has already been accomplished.An additional sale that is significantly less than the initial purchase is much more likely to occur once the buyer has committed.
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the international monetary system went through several distinct stages of evolution. these stages are summarized, in alphabetic order, as follows: (i) bimetallism (ii) bretton woods system (iii) classical gold standard (iv) flexible exchange rate regime (v) interwar period the chronological order that they actually occurred is:
The development of the global monetary system has gone through four periods or stages: Golden Rule (1875-1914) Interwar years (1915-1944) System of Bretton Woods (1945-1972).
What stages has the global monetary system gone through?
The four stages of the development of the international monetary system are as follows: the gold standard (1880–1914); the gold exchange standard (1925–1933); the Bretton Woods system (1944–1971); and the Jamaica system, commonly referred to as the variable exchange rate system (1976–present)
How was the global monetary system established?
In July 1944, representatives from 44 nations met in Bretton Woods, New Hampshire, to create a new global monetary system. At the meeting, participants decided to launch the World Bank Group and the International Monetary Fund.
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projects x and y are mutually exclusive. project x: invest $1000, pv of return in 3 year is $2000. project y: invest $2000, pv of return in 1 year is $3500. in which should you invest?
I would definitely invest in Project Y! We actually don't need complicated formula to choose which project is worth investing.
So, imagine you have a budget that you can use to take a risk in a business. Suddenly, two mutually exclusive projects are proposed or pitched to you. (Just remember that you can calculate your profit by deducting your investment from the Present Value of Return):
Project X will give you $2000 after 3 years if you give them your $1000. Thus, you will only earn $1000... after a very long time.
(It was solved like this by the way: $2000 - $1000 = $1000)
On the other hand, Project Y will give you a $3500 after a year if you give them your $2000. You'll earn a $1500 here!
(It was solved like this: $3500 - $2000 = $1500)
It is much better to take risk to a project that the Present Value of Return is higher and shorter in period.
And since you have a budget to invest, pick Project Y.
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other things the same, in the open-economy macroeconomic model, if the real exchange rate rises, the a. quantity of dollars demanded falls. b. demand for dollars shifts left. c. quantity of dollars demanded rises. d. demand for dollars shifts right.
(C) the quantity of dollars demanded falls If the real exchange rate rises. It is because these two aspects is related each other.
Exchange Rate generally can be defined as the value of a country's currency versus the currency of another country or economic zone. To determine currency exchange rates in a country, there are two main systems that used, there are floating currencies and also pegged currencies. Floating exchange rate or known as floating is determined by market. In other words, currency is worth whatever the buyer is willing to pay for it. It is determined by supply and demand, which in turn is driven by foreign investment, the import/export ratio, inflation, and a number of other economic factors.
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a company achieves a successful low-cost provider strategy by multiple choice question. boasting lower costs than rivals, but not necessarily the absolutely lowest cost. being one of several competitors in the industry with low costs. offering only frills-free products or services. always having the rock-bottom lowest cost in the industry regardless of profit margins.
Boasting lower costs than rivals, but not necessarily the absolutely lowest cost.
What is lowest cost strategy?To attract clients to the market, a low-cost provider tries to provide its goods at the lowest possible price while yet turning a profit. Due to the fact that these businesses want to appeal to a large market, this is the wide interpretation of the low-cost strategy.Businesses that employ the best-cost strategy typically attract customers with their cheaper rates and are able to cultivate a loyal following of clients. This is so that they may provide their clients with a value that lives up to their expectations.To learn more about lowest cost strategy refer to:
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jerome corporation has fixed costs of $500,000 and a contribution margin ratio of 40%. currently, sales are $3,000,000. what is jerome's margin of safety?
Jerome corporation has fixed costs of $500,000 and a contribution margin ratio of 40%. jerome's margin of safety is
MS=$1,750,000
What are fixed costs?Generally, Fixed costs, also known as indirect costs or overhead expenses, are business expenses that are not dependent on the number of goods or services that are produced by the business. Fixed costs are discussed in accounting and economics.
Other names for fixed costs include indirect costs and overhead costs. They are often expected on a regular basis, such as the payment of rent or interest on a monthly basis. These expenses are also often classified as capital costs.
In conclusion,
Breakeven=Fixed expenses/Contribution margin
Where Breakeven is BE
BE=500,000/0.4
BE=$1250000
The Margin of safety is mathematically given as
MS=Total sales-Breakeven sales
Hence
MS=3,000,000-1250000
MS=$1,750,000
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What effect does recording a capital expenditure as repairs and maintenance expense have on the financial statements of the current period?.
When a capital expenditure is treated as a repair and maintenance expense, expenses are overstated while net income is understated.
What is capital expenditure?Capital expenditures (CapEx) are funds spent by a business to acquire, upgrade, and maintain physical assets such as real estate, plants, buildings, technology, or equipment. CapEx is frequently used by businesses to fund new projects or investments.Money spent on purchasing, improving, or extending the useful life of fixed assets in an organization with a useful life of one year or more Property, equipment, and infrastructure are examples of such assets.Capital expenditures, unlike operating expenses, are always recorded as an investment on your balance sheet and will also appear on your cash flow statement under the investing activities section.To learn more about capital expenditure refer to :
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28 companies in the u. S. And canada began a six-month pilot program this week testing what type of approach to work?.
28 businesses in the US and Canada are experimenting with the four-day work week. In collaboration with Four-Day Week Global, it will be a part of a six-month experimental initiative. The same study is currently halfway through with 70 companies in the UK. It is a collaborative non-profit project.
Explain about the non profit partnership?
A nonprofit organization and a corporate sponsor or partner work together to achieve a similar goal on the basis of their shared principles in a nonprofit-corporate partnership, sometimes known as a corporate-charity collaboration if the nonprofit is a charity.
Collaboration between nonprofits enables various organizations to work together and advance local communities and the global community even further. The purpose of your NPO can be furthered in many ways by partnering with another nonprofit organisation, whether locally or globally.
Shared knowledge and expertise: Partnerships give businesses the chance to learn from one another and exchange best practices. Greater impact: When NGOs collaborate, they can do more than they could on their own.
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consider an economy with two types of goods, fish and coconuts, and two consumers, robinson and friday. is it pareto efficient to give half of the fish and half of the coconuts to each consumer?
Not necessarily. if Robinson likes fish and Friday likes coconuts, then they could trade and be both better off. Even if both Robinson and Friday like both goods, it could be that their MRS is different when they get half of each type of good, so that they could be better off by trading.
What is pareto efficient ?
When resources are distributed in a way that no one may benefit without harming someone else, this is known as Pareto efficiency, also known as allocative efficiency.
What could be improved by the Pareto principle?
A potential Pareto improvement entails implementing a change that benefits some people at the expense of others. Theoretically, those who gain a lot can be used to make up for others who lose. In the end, we have a situation where some people benefit without harming others.
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Some students cheat because they are not prepared for the test or assignment.
a. True
b. False
Answer:
A:True
Explanation:
Don't call me out like that