As long as the marginal utility of each extra unit is greater than its price, a buyer will purchase things.As soon as the price surpasses the marginal utility, a consumer quits consuming new things.
What happens when MU price is greater?As long as the marginal utility of each extra unit is greater than its price, a buyer will purchase things.As soon as the price surpasses the marginal utility, a consumer quits consuming new things. When the elasticity number exceeds 1.0, it indicates that the change in the price of the good or service has an outsized impact on consumer demand.A value less than 1.0 denotes that the demand is inelastic, or somewhat insensitive to price. . A demand that is elastic experiences a significant shift in quantity demanded as a result of a price adjustment.When the amount sought changes little as a result of a price adjustment, the demand is said to be inelastic. High elasticity is a question with a single element.It has more elasticity if any one issue can make consumers buy less of the goods.Low elasticity is a concern of net-factor.This is a low elasticity product if, once all is said and done, no demand factor will significantly influence consumption. By dividing marginal utility in utils by marginal utility of one rupee, one can determine marginal utility in terms of money.When MUx exceeds price (MUx > Px), the consumer continues to purchase the good since she is paying less for each incremental level of satisfaction she receives.To learn more about MU price refer
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for a sales-type lease, a. the sales price includes the present value of the unguaranteed residual value. b. the present value of the guaranteed residual value is deducted to determine the cost of goods sold. c. the gross profit will be the same whether the residual value is guaranteed or guaranteed. d. none of these answers are correct.
The correct option is c. This means for the sales-type lease gross profit will be the same whether the residual value is guaranteed or guaranteed.
A finance lease in which the market rate value of the principal asset is not equivalent to its cost, resulting in a selling profit or loss, is referred to as a sales-type lease from the perspective of a lessor. An unguaranteed residual value, the current value of lease payments calculated using the implied interest rate, and the present value of the sales-type lease are recorded by the lessor as their net investment in lease at the lease's commencement date. It is recorded as a selling profit or loss if the market worth of the underlying asset exceed the carrying amount.
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symon's suppers company has announced that it will pay a dividend of $4.29 per share one year from today. additionally, the company expects to increase its dividend by 4.7 percent annually. the required return on the company's stock is 10.9 percent. what is the current share price?
From the giving information, the Symon's suppers company current share price is $69.19
Share price = Next year dividend/ ( Required return - growth rate )
= 4.29/ ( 0.109 - 0,047
= $69.19
The price at which a security was most recently sold on an exchange is known as the "current price."Buyers and sellers use the current price as a starting point.Although current pricing is a good reflection of current worth, supply and demand may cause the actual price of the next sale to vary.Market value and current price are synonyms. It is the most recent trading price for a share of stock or other security. The price at the moment serves as a benchmark in an open market. It shows what a buyer would be willing to pay and what a seller would accept for a later transaction involving that security.Learn more about Current Price, here
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when the product price rises from $150 to $200, the quantity demanded falls from 1,000 to 800 units. using the simple standard (non-midpoint) formula, the price elasticity of demand in this range is:
The price elasticity of demand in this range is -0.61.
What is the price elasticity of demand?The price elasticity of demand is a measure that is used to determine how the quantity demanded changes when the price of a good changes. The price elasticity of demand is the ratio of the percentage change in quantity demanded to the percentage change in price.
The price elasticity of demand = percentage change in quantity demanded / percentage change in price
percentage change in quantity demanded = (800 / 1000) - 1 = -0.20 = -20%
percentage change in price = (200 / 150) - 1 = 0.33 = 33%
The price elasticity of demand = -20% / 33% = -0.61
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there are currently 15.34 million people who are not working but are available and actively looking for jobs and 506.21 million people who are employed. what is the unemployment rate? round your answer to the nearest tenth.
There are currently 15.34 million people who are not working but are available and actively looking for jobs and 506.21 so, there are 2.9 million people who are employed.
The unemployment rate is the level of individuals in the workforce who are jobless. Subsequently, estimating the joblessness rate requires distinguishing who is in the workforce. The workforce incorporates individuals who are either utilized or jobless.
What is the most elevated joblessness rate in US history?
The latest noteworthy drop happened during the Coronavirus pandemic somewhere in the range of 2020 and 2021. After broad exploration, our information examination group closed: The most terrible joblessness experienced in the US occurred during the Economic crisis of the early 20s (1929-1933), when the joblessness rate came to 24.9%.
Why would that be a work lack?
The pandemic caused a significant disturbance in America's workforce something many have alluded to as The Incomparable Renunciation. In 2021, in excess of 47 million specialists quit their positions, a significant number of whom were looking for a superior balance between serious and fun activities and adaptability, expanded pay, and a solid organization culture.
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a bill called the working families flexibility act (h.r. 1180) was recently introduced in washington that would amend the flsa to permit private-sector employees the same options as those in the public sector. which of the following is a likely outcome of this bill? a. public-sector employees will only be permitted to receive extra pay when they work overtime. b. private-sector employees will only be permitted to receive non-monetary rewards when they work overtime. c. private-sector employees will be permitted to take time off rather than receive extra pay when they work overtime. d. public-sector employees categorized as direct employees will be permitted to receive extra pay for working overtime.
The outcome of the bill Working Families Flexibility Act (H.R. 1180) is that - Private-sector employees will be permitted to take time off rather than receive extra pay when they work overtime.
What is Working Families Flexibility Act?
The Working Families Flexibility Act will modify us Fair Labor Amendment of 1966 to give both employees and employers more leeway when it came to overtime labour. Instead of existing federal law that requires hourly employees to earn 1.5 times their regular pay for each hour worked over forty hours in a week, the Organized Labor Flexibility Act would enable employers to provide workers the option of receiving this conventional 1.5 times pay OR accumulating 1.5 hours of paid leave for each hour of extra hours worked. In other words, employees who value more time off to care for family members or even take a break in lieu of extra compensation will no longer be barred from pursuing a flexible paid vacation option from their employers under federal law.
Therefore, the correct option is C
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the capital asset pricing model question content area bottom part 1 a. provides a riskreturn tradeoff in which risk is measured in terms of the market returns. b. measures risk as the correlation coefficient between a security and market rates of return. c. depicts the total risk of a security. d. provides a riskreturn tradeoff in which risk is measured in terms of beta.
The capital asset pricing model offers a risk-return trade-off in which risk is expressed as beta.
What is capital asset?A capital asset is defined as any property held by an assessed, whether related to their business or profession or unrelated to their business or profession. It encompasses all types of property, whether mobile or immobile, tangible or intangible, fixed or circulating. Capital assets are defined as: a) any type of property held by an assessed, whether or not related to the assesses business or profession. b) Any securities held by a FII that has invested in such securities in accordance with the SEBI Act of 1992. Homes, cars, investment properties, stocks, bonds, and even collectibles or art are examples of capital assets.
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when auditors encounter evidence of small-scale employee fraud that could not have a material effect upon the financial statements the auditors should
consider the implications for other aspects of the audit.
What are the responsibilities of an auditor ?
An auditor is a designated individual who examines and confirms the correctness of financial documents and makes sure that businesses adhere to tax regulations. Their main goal is to safeguard companies against fraud and draw attention to any inconsistencies in accounting practices, among other things.
In general, being an auditor is not a simple job. The auditor has accepted obligations to multiple parties and the responsibilities that come with being a recognized professional.
The trustworthiness of the financial statements and the information they contain essentially depends on the auditor's view. Compared to unaudited financial accounts, audited financial statements have a very high level of correctness and dependability.
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in many situations an employee initially receives cash and thus has custody. because this cannot be avoided, good control dictates that . multiple select question. two people should open the mail the employees opening the mail should prepare the bank deposit checks should be endorsed immediately
It dictates that the remittance advice should be sent to the controller's office for recording and cash should be deposited daily and intact.
The treatment of individuals inside a company is key to long-term fraud prevention. Genuine concern for the professional and personal needs of their subordinates and fellow managers can be demonstrated by managers and supervisors at all levels, and subordinates can reciprocate by showing concern for one another and their bosses.
Missing cheque cancellations raise suspicion. However, banks no longer give their customers their cancelled cheque back. Instead, copies of the cheque fronts are sent with the bank statement, which is frequently received online. This information is adequate for account reconciliation, but it does not contain the details that could help a business or auditor identify or look into potential frauds.
The risk of a major misstatement for each pertinent assertion discovered for the cash balance must always be taken into account when evaluating the architecture of internal controls relating to cash.
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when close shave, a company producing razors and shaving accessories, asks supermarkets to give its new razors shelf space and special displays, it is using a
A push strategy is being used by Close Shave, a firm that makes razors and shaving equipment, when it urges supermarkets to provide its new razors shelf space and special displays.
What is a push strategy ?A "push" marketing strategy brings the product to the customer, who is aware of it when they purchase it. It makes use of a company's sales staff and trade promotion activities to generate consumer demand for a product. Producer advertises to wholesalers, who then advertise to retailers, who then advertise to consumers.
Push marketing eschews established distribution channels in favor of selling directly to customers. Two instances of this are direct sales of travel or insurance. The most likely promotional strategies with this kind of approach are consumer promotions and advertising. Push selling is well illustrated by the promotion of mobile phones by major handset producers like Nokia through merchants like Carphone Warehouse.
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question which of the following is necessary in a well-functioning capitalist economy but not in a command economy? responses centralized decision making centralized decision making scarcity of resources scarcity of resources monopolies monopolies protection of property rights protection of property rights positive externalities
The correct answer will be D. Protection of property rights and price signals.
Social costs and benefits are fully recognised within a well-functioning market. There are no consequential spillover effects. When the market achieves its efficiency, innovation, and consumer protection goals, it will also achieve any special public interest goals.
A healthy market competition is critical to the functioning of the US economy. According to basic economic theory, when firms compete for customers, it results in lower prices, higher quality goods and services, greater variety, and more innovation.
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marketing researchers not only need to be skilled at gathering and analyzing data, but also at communicating results effectively because of: the multiple new types of traditional data and methods. the multiple new types of interactive resources. the multiple new types of social media. the multiple new types of data and methods now in use.
Marketing researchers not only need to be skilled at gathering and analyzing data, but also at communicating results effectively because of The multiple new types of data and methods now in use.
Market research, commonly referred to as "marketing research," is the procedure used to assess the feasibility of a new service or product by conducting study with prospective consumers. Market research enables a business to identify the target market and gather input from customers on their interest in the good or service as well as views.
This kind of research might be carried out internally, by the business itself, or through a different business that specializes in market research. Surveys, product testing, and focus groups are among methods that can be used. A small stipend or product samples are typically given as payment to test volunteers in exchange for their time. A new product or service's research and development (R&D) process must include market research as a key step.
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july 1 beginning inventory 30 units at $60 5 purchases 180 units at $56 14 sale 120 units 21 purchases 90 units at $58 30 sale 84 units assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average-cost method for july?
$5508 is ending inventory (rounded) under the average-cost method for July. The cost of goods sold is the amount of sales that the company incurred as a result of the sold products.
The cost of goods sold is the amount of sales that the company incurred as a result of the sold products. This is used to calculate gross profit, which is calculated as sales minus cost of goods sold.
The average cost method determines the cost of inventory items by dividing the total cost of goods purchased or produced in a period by the total number of items purchased or produced. The weighted-average method is another name for the average cost method.
$5508 is ending inventory (rounded) under the average-cost method for July.
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Gil_____ is under significant pressure to resign from the la city council because of his participation in a secretly recorded conversation which included racist remarks.
Given his involvement in a covertly recorded conversation that contained racial statements, Gil Cedillo is facing intense pressure to resign from the LA city council.
Why is LA city council member Gil Cedillo under so much pressure to step down?As a result of his silence during the contentious and divisive dialogue that left supporters heartbroken and opponents emboldened, he is now the target of widespread resignation calls and condemnation. Following a commotion over the racial and offensive remarks, Martinez and Herrera both resigned this week.
When did he intend to retire?After neighborhood activist Eunisses Hernandez won the District 1 primary in June, Cedillo had previously announced his resignation and will do so on December 11. According to the council member absence policy, he could continue serving on the city council until December 11 without attending.
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What is telecommuting?
Answer:
Telecommuting is the practice of working from home using the internet, by including email, and using the telephone.
Explanation:
Answer: Telecommuting is the practice of working from home using the internet, by including email, and using the telephone.
Explanation: Its right for 4515Vs2 - Business Leadership -2019
xian manufacturing produces a unique valve, and has the capacity to produce 50,000 valves annually. currently xian produces 40,000 valves and is thinking about increasing production to 45,000 valves next year. what is the most likely behavior of total manufacturing costs and unit manufacturing costs given this change?
Since the company does have the ability to manufacture 50,000 valves, increasing supply from 40,000 to 45,000 will result in an increase in overall manufacturing costs, which will lower manufacturing costs per unit.
What is manufacturing?
Manufacturing is the process of creating or producing goods with the aid of resources such as machinery, labour, tools, chemicals, or biological formulations. It is the core of the economy's secondary sector. The phrase can be used to describe a variety of human endeavours, from handicraft to elevated, but it is most frequently used to describe industrial design, which entails the massive transformation of raw materials from of the primary sector into finished goods. Such products may be distributed through the tertiary industry to end users and consumers, sold to other manufacturers for the creation of other, more complex products (like aircraft, home appliances, furniture, sports equipment, or automobiles), or both .
Therefore, the correct option is (B) Total manufacturing cost will increase and unit manufacturing cost will decrease.
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which of the following statements is (are) true? i. a mutual fund uses money from one customer and invests it in many securities in exchange for a management fee. ii. mutual funds can only be actively or passively managed. iii. the efficient market hypothesis states that the prices of traded assets, such as stocks and bonds, reflect all publicly available information.
A mutual fund is a group of investments that is expertly supervised by a fund manager. a trust that, after receiving funds from a number of participants who share similar investing objectives, invests them in stocks, bonds, money market instruments, and/or other securities.
Explain about the mutual fund?In general, mutual funds are considered to be a secure investment and an excellent way for investors to diversify with little risk. A mutual fund may not always be the best option for a market participant, particularly when it comes to costs.
The average annualized return for 2021, when taking a look at the seven major types of mutual funds, was 11.54%. The strongest returns for investors came from large-cap stock funds, which outperformed many other types of accounts, including certificates of deposit (CDs), high-yield savings accounts, and even real estate.
The investor is not subject to taxation on dividends received from equities mutual funds, however the asset management company (AMC) is subject to DDT at a rate of 11.648%. Tax on debt mutual funds - A minimum holding time of three years is required to qualify for short-term capital gains in debt funds.
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In general, mutual funds are considered to be a secure investment and an excellent way for investors to diversify with little risk. A mutual fund may not always be the best option for a market participant, particularly when it comes to costs.
what is mutual fund?In general, mutual funds are considered to be a secure investment and an excellent way for investors to diversify with little risk. A mutual fund may not always be the best option for a market participant, particularly when it comes to costs.The average annualized return for 2021, when taking a look at the seven major types of mutual funds, was 11.54%. The strongest returns for investors came from large-cap stock funds, which outperformed many other types of accounts, including certificates of deposit (CDs), high-yield savings accounts, and even real estate.The investor is not subject to taxation on dividends received from equities mutual funds, however the asset management company (AMC) is subject to DDT at a rate of 11.648%. Tax on debt mutual funds - A minimum holding time of three years is required to qualify for short-term capital gains in debt funds.To learn more about mutual fund refer to:
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true or false: cumulative voting means board members are elected one at a time, with each shareholder casting his or her allotted votes for each seat on the board. true false question. true false
Cumulative voting means board members are elected one at a time with each shareholder casting his or her allotted votes for each seat on the board is false.
what is cumulative voting?
Companies use cumulative voting, also known as accumulation voting or weighted voting, a multi-voting system to ensure that shareholders are represented more fairly.Each shareholder has the right to one vote per share in cumulative voting, which is calculated by multiplying that number by the number of open director positions. The votes can be distributed in any way the shareholder chooses.
To give minority shareholders more power over how the board of directors election goes, cumulative voting is used.A shareholder can give all of their votes to a single candidate under cumulative voting.
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natural disasters can happen at any time and have unknown or incalculable effects. based on information from subject matter experts, the probability of a natural disaster is once every 75 years. using this information, what is the annualized rate of occurrence (aro) for a natural disaster affecting an organization?
0.013 is the annualized rate of occurrence (ARO) for a natural disaster affecting an organization.
Annualised Rate of Occurrence (ARO): An expected frequency of the hazard occurring over the course of a year is known as the Annualised Rate of Occurrence (ARO). ALE is computed using ARO (annualized loss expectancy).
The annualised rate is applicable for a specific amount of time (less than 12 months). It is a mathematical extrapolation of an estimated yearly returns rate. In order to determine it, multiply the monthly change in returns rate by 12 to obtain the annual rate.
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nutsy's organic peanut butter inc. has beginning inventory in their peanut crushing department of 30,000 units, which includes $3,000 of direct materials and $4,000 of conversion. during the period, nutsy started 180,000 units and completed 200,000 units. ending inventory was 60% complete with respect to direct materials and 20% complete with respect to conversion. nutsy's costs for the period are as follows: beginning inventory: $7,000 direct materials added: $491,400 conversion costs added: $804,000 how much cost is assigned to ending inventory in the current period?
All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory. Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients. The car will be considered an asset.
Explain about the Inventory?counting noun A written inventory is a list of all the items in a specific location, like all the goods in a store. He compiled a list of everything that would remain before beginning. Synonyms: record, listing, catalogue, list additional words for inventory Advanced Learner's Dictionary from Collins COBUILD.
Although there are more types of inventory, the four main ones are raw materials and components, finished goods, work-in-progress, and maintenance, repair, and operational supplies.
Products in various stages of preparation for sale are referred to as inventory in accounting terms, including: Finished products (that are available to be sold) Work-in-progress (meaning in the process of being made) (meaning in the process of being made) components, raw (to be used to produce more finished goods)
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What are the additional costs you pay each year in order to borrow money in loans? this includes both interest and fees.
Interests are the additional costs you pay each year in order to borrow money in loans.
Therefore, the cost of borrowing refers to the predominant quantity of the mortgage + the interests + the charges that you have to pay for that mortgage and the entire amount equals what is referred to as the fee of borrowing. The cost of borrowing needs to be disclosed without a doubt to borrowers before ultimate the transaction.
Amortization suggests us the actual fee of borrowing. With an amortization agenda like the one shown above, it is clear to see exactly how tons you owe to the hobby. A brief observation your the cumulative value of your hobby can be eye-beginning.
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Kacey is working on an advertising campaign for a new granola bar. She develops an online survey to help her company decide which flavor combinations would make the most sense to invest in based on consumer preference. What position does Kacey MOST likely have in her company?
o market research analyst
o advertising, promotions, and marketing manager
o art director
o public relations specialist
Kacey MOST likely has a market research analyst position in her company Thus, option A is correct.
What is a survey?A survey can be defined as an opinion poll that is being taken by a group of people. this group of people can ah be at a random or from a prescribed category. This generally wants the Opinions of what the individual thinks of a particular situation.
As Kacey needs to add flavor to the granola bar she takes a market survey. This suggests that no she has a market research analyst position in which the market and its requirements incorporate it.
Therefore, option A is the correct option.
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in 1903, the winner of a competition was paid $50. in 2020, the winner's prize was $235,000. what will the winner's prize be in 2040 if the prize continues increasing at the same rate? (do not round intermediate calculations. round your answer to the nearest $500.)]
In 2040, the award would be worth $1,293,986.
The annual growth rate can be computed as if it were compound interest.
The award increases from $50 to $235,000 during the following period, which is 2017–1903–114 years.
We may then determine this rate r as follows:
FV = PV (1+r)^n
r = [tex]\sqrt[n]{FV/PV}[/tex] -1
r = [tex]\sqrt[11.4]{235000/50}[/tex] - 1
r = 1.077
The award can then be calculated from 2017 to 2040, with the increase occurring at the same rate.
The number of periods is n=2040-2017=23.
Then we have:
FV = PV (1+R)^N
FV =235000(1.077)^23 = 1293986
The prize in 2040 would be $1,293,986.
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Why is it often best to pay off credit card debt before other types of consumer debt or student loans?.
The interest rates on credit cards are typically greater than those on most other types of loans. In order to avoid interest from accruing, it is preferable to prioritize paying off credit card debt.
Is a credit card better to have than student loans?Take into account the interest rates on your credit card and school loans while determining the answer. If you carry a load on your card from month to month, McClary advises paying that off first as credit card debt is typically the debt with the highest interest rate that you are paying by nature.In order to prevent interest costs that are added to the balance month after month, it is often advisable to pay up your credit card balance before the due date. Only charge what you can afford to pay off each month is a crucial rule of thumb.Reasons to pay off debt Over time, you can lower the interest payment. If you have credit card debt with a high interest rate, this is especially beneficial. You might see an increase in your credit score. You may give your whole attention to saving and other financial goals once your debt is paid off.To Learn more About credit cards refer to:
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suppose that an increase in health consciousness increases the demand for fitness centers across the country. other things being equal, we can expect the wages of fitness instructors to: a) increase temporarily but then decrease. b) decrease. c) stay the same. d) increase.
Suppose that an increase in health consciousness increases the demand for fitness centers across the country. other things being equal, we can expect the wages of fitness instructors to: d) increase.
A wage is fee made by way of an business enterprise to an employee for paintings performed in a specific period of time. some examples of salary payments encompass compensatory payments along with minimum salary, triumphing wage, and every year bonuses, and remunerative bills consisting of prizes and tip payouts.
Wages include, however aren't confined to: Salaries, hourly pay, piece charge, or payments via the task. Commissions and bonuses. overtime and holiday pay.
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aaa co. sold merchandise to health co. on account, $18,000, terms 2/15, net 45. the cost of the merchandise sold is $15,500. aaa co. issued a credit memo for $1,750 for merchandise returned that originally cost $1,400. the health co. paid the invoice within the discount period. what is amount of net sales from the above transactions for aaa co.?
$15,925 is the number of net sales fro. m the above transactions for aaa co. Thus, option C is correct.
What are net sales?Net sales can be defined as the total about of sales that are being done by the company. It is the sales that have been acquired trump credit as well as cash or bank transactions.
The gross sale is $18,000
the sales return of the health company is $1750
Sales return = (gross sale - Sales returns) term%
= (18000-1750) * 2/100
=325
Amount of net sales = Gross sales - (sales return + sales discount)
= 18000-(1750+325)
= $15925
Therefore, option C is the correct option.
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The question is incomplete, the complete question is:
a.$16,250
b.$14,100
c.$15,925
d.$13,818
________ is a business strategy in which a company purchases its upstream suppliers to ensure that its essential supplies are available as soon as the company needs them.
Vertical integration is a business strategy in which a company purchases its upstream suppliers to ensure that its essential supplies are available as soon as the company needs them.
Vertical integration is a method that permits a corporation to streamline its operations by taking direct ownership of numerous levels of its manufacturing procedure rather than counting on external contractors or providers.
Vertical integration entails acquiring or developing one or more important elements of an agency's production method or supply chain. For instance, Netflix's shift from licensing indicates and movies from foremost studios to producing its personal original content material is an example of vertical integration.
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in october 2005, a company employs 8500 people and its total monthly wage bill is 11.9 million dollars. what is the average monthly wage of the company's employees?
Average monthly wage : 1400 dollars.
The company is growing at a rate of 25 employees per month.
The total monthly wage bill is increasing at a rate of 300 thousand dollars per month.
What is average monthly wage?The amount a person makes each month is their average monthly income. You may determine how much money you have available each month after taking off deductions like federal or income taxes by using your typical monthly income.
the meaning of. average salaries The ratio of the average usual weekly hours per full-time employee to the average usual weekly hours for all employees is used to calculate average earnings by dividing the total wage bill based on national accounts by the average number of employees in the entire economy.
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if a firm has no ability to select the price of its product, it: group of answer choices has a horizontal individual demand curve. will go out of business due to losses. is a price-maker. cannot maximize profit.
A firm cannot maximize profit if it lacks the capacity to set the price of its product.
What is maximizing profit?Profit maximization in economics refers to the process through which a business determines the pricing, input, and production levels that will result in the maximum feasible total profit in the short or long run. The firm is supposed to be a "rational actor" seeking to maximize total profit, which is defined as the difference between total revenue and total cost.
Measuring total cost and total revenue is sometimes impossible because enterprises lack the required trustworthy information to assess costs at all stages of production. Instead, they take a more pragmatic approach, investigating how minor changes in production affect revenues and expenses. When a company manufactures an extra unit of a product, the additional income earned from selling it is known as the marginal revenue (MR), and the additional cost to manufacture that unit is known as the marginal cost (MC). The firm's total profit is considered to be maximized when the level of output is such that the marginal revenue equals the marginal cost (MR=MC).
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while paula likes the structure provided by the rational decision-making process, you caution her that it has some shortcomings. why is the rational decision-making process difficult to apply completely in many situations? check all that apply.
The rational decision-making process difficult to apply completely in many situations are:
Managers don't always assess situations rationally.
Administrators may not always have access to complete and accurate information.
Managers are limited by their own values and unconscious beliefs.
Rational decision-making uses objective data, logic, and analysis to solve problems or achieve goals, rather than subjectivity and intuition. Here's a step-by-step model to help identify the problem.
Rational decision-making is the opposite of intuitive decision-making. It is a rigorous procedure with objective knowledge and logic. It is about identifying problems to solve, gathering facts, identifying and analyzing options and outcomes, and considering all relationships to make decisions.
Rational decision-making is important. Because by cultivating an objective perspective, it provides a way to overcome the specific challenges we face and approach new opportunities.
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Starting a new business in pursuit of an opportunity to introduce a new product or service to market through innovation is engaging in the process of ________.
Starting a new business in pursuit of an opportunity to introduce a new product or service to market through innovation is engaging in the process of entrepreneurship
What does entrepreneurship mean ?The process of starting a new business and taking on any associated risks with the intention of turning a profit is referred to as entrepreneurship. Entrepreneurs are those who start new businesses and take on all the challenges involved in its growth and operation.service to market through innovation is engaging in the process of entrepreneurshipEntrepreneurship is essentially the act of creating, setting up, and managing a new business in order to make money while taking on financial risk.Four categories are most frequently used to classify different types of entrepreneurship:
small business.scalable start-upsbig business or intrapreneurship.entrepreneurial social workTo learn more about entrepreneurship refer to:
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