Operating income is gross profit less operating expenses. The answer is OPTION C.
A company's gross profit is its revenue less its direct manufacturing costs or cost of goods sold. The difference between gross profit and operating costs is the operating profit. Net profit is the total amount that remains after all expenses, such as taxes and interest, have been deducted from the firm.
Operating profit, also known as operating income, is the amount left over after operating costs are deducted from gross profit. Revenue less COGS, which represents a company's profit from manufacturing or core operations, is referred to as gross profit. Operating revenue is much easier to determine for merchants and small enterprises. Simply put, it is gross sales less refunds. The answer is OPTION C.
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a tsunami in thailand destroys its tourist industry. in response, tourists who previously went to thailand, now choose to go on vacation to china. what can the chinese government do to prevent inflationary pressures within the chinese economy?
A tsunami in Thailand destroys its tourist industry. In response, tourists who previously went to Thailand, now choose to go on vacation to china. The Chinese government do to prevent inflationary pressures within the Chinese economy is "Manage exchange rates" and "Control money supply".
The economy due to an increase in tourism as a result of the tsunami in Thailand, the Chinese government can take the following steps:
The Chinese government can control the money supply by adjusting interest rates or using open market operations to buy or sell government securities. This can help to prevent excessive inflation due to increased demand and increase the supply of goods and services.
The reason is to manage exchange rates and increase the supply of goods and services of the Chinese government can manage exchange rates to prevent the Chinese currency from appreciating too much, which could lead to inflation. This can be done through interventions in the foreign exchange market or through policies that promote export competitiveness.
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2. race to the bottom refers to which of the following? a. countries will compete with each other to offer incentives to firms b. firms will underpay workers in low-income countries c. countries have the incentive to conform to the standards of the lowest income country d. firms have an incentive to relocate to countries with lower standards
As per the concept of investment, race to the bottom refers countries have the incentive to conform to the standards of the lowest income country. (option c).
The "race to the bottom" is often associated with competition between countries to attract foreign investment. In this context, countries may offer tax breaks, subsidies, and other incentives to attract multinational corporations to set up operations in their territory.
The idea behind this is that the presence of foreign firms can create jobs and boost the economy, leading to increased prosperity for all.
The "race to the bottom" can also occur within a country, as firms compete with each other to reduce costs. This can lead to a situation where firms try to undercut each other by paying lower wages, reducing benefits, and cutting corners on safety and environmental standards.
Therefore, the correct option is (c).
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redistribution involves a centralized authority collecting goods and services, and redistributing the. group of answer choices true false
The given statement "redistribution involve a centralized authority collecting goods and services and redistributing them" is True.
This means that the authority in charge collects resources from some people or organizations and then redistributes them to other people or organizations, typically to promote social welfare.
This redistribution is typically done in a way that is fair, equitable, and promotes equality among those who receive the resources. The centralized authority has the power to decide who receives the resources and how the resources are distributed.
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given the following information for smith company's northern division, what is the division's ebitda margin? revenue $44,140 operating income 18,112 depreciation 5,000 amortization 1,422 tax rate 20% a.85% b.56% c.44% d.28%
The division's EBITDA margin is 55.6%, which is closest to option (b).
The EBITDA Margin is a financial ratio that compares a company's earnings before interest, taxes, depreciation, and amortization (EBITDA) to its net revenue. In other words, the EBITDA margin represents a company's earnings before accounting for interest, taxes, depreciation, and amortization as a percentage of its revenue.
The EBITDA Margin can be calculated by using the following formula:
EBITDA Margin = EBITDA / Revenue
The formula to calculate EBITDA is: EBITDA = Operating Income + Depreciation + Amortization(1)
EBITDA = $18,112 + $5,000 + $1,422= $24,534(2)
EBITDA Margin = (EBITDA / Revenue) x 100
= ($24,534 / $44,140) x 100
= 55.6%
Therefore, the division's EBITDA margin is 55.6%, which is closest to option (b).
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because of their pivotal role in international trade, firms can and do exert a strong influence on government policy toward trade. t/f
The answer to the given student question is "firms can and do exert a strong influence on government policy towards trade." is True.
The influence of business corporations on public policy decisions is a major subject of study in political science and other fields of research. The state and business organizations often collaborate, making it difficult to discern the border between public and private interests.
In general, businesses use both direct and indirect approaches to exert their influence. Direct approaches are those where business entities express their views to decision-makers or lobbyists, engage in informal conversations or hearings, provide assistance in the form of expertise, or contribute to political campaigns. Business firms, for instance, have several options for influencing international trade policy.
The most basic is to express their views directly to policymakers. They can use lobbyists to influence decision-making or make donations to political candidates who support free trade policies. Indirect approaches, on the other hand, are those in which businesses seek to shape the broader public environment in which political decisions are made. This may involve, for example, making their case in the media, engaging with civil society organizations, or producing research and analysis that supports their views.
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which of the following refers to a name, a term, a symbol, or any other unique element of a product that identifies one firm's product(s) and sets it apart from the competition? group of answer choices brand equity brand trademark brand meaning brand storytelling
The term that refers to a name, a term, a symbol, or any other unique element of a product that identifies one firm's product(s) and sets it apart from the competition is brand.
A brand is an identifying symbol, name, logo, or slogan that companies use to differentiate their products from competitors.
The aim of a brand is to establish a substantial and distinguished presence in the market that draws and retains loyal consumers. In terms of understanding the concept of the brand, the following aspects are to be taken into consideration:
- The name, mark, or symbol that identifies the product or service distinguishes it from others
- The design and packaging elements that support and enhance the brand's image
- The messaging that helps define the brand and convey its message
- The overall reputation that the brand builds and maintains over time
Brand equityBrand equity refers to the intangible value that a company brand adds to its products or services. It is a measure of how much a brand's image is perceived to be worth in the eyes of its customers.
Brand storytellingBrand storytelling is a method of using a narrative to communicate the brand's story, personality, and benefits to consumers. It aims to create an emotional connection with the target audience by using elements of drama, character, and plot.
Brand meaningBrand meaning refers to the set of associations that customers hold about a brand, including its attributes, benefits, personality, and quality. It is a reflection of the brand's image and reputation in the market.
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in forming a portfolio of two risky assets, what must be true of the correlation coefficient between their returns if there are to be gains from diversification? explain.
The correlation coefficient between the two risky assets in a portfolio must be less than one in order for there to be gains from diversification.
This means that the returns of the assets are not perfectly correlated, so that their movements can be partially independent and their risks can be reduced through diversification.
When the correlation coefficient is one, then the two assets have the same return, so diversification does not lead to any risk reduction. When the correlation coefficient is less than one, then the returns of the two assets are somewhat independent, so that when one asset goes up, the other may not follow suit.
This helps to reduce risk, leading to potential gains from diversification.
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if the price of a good decreases and the total revenue of the firms that produce that good increase then we know the demand for that good is
If the price of a good decreases and the total revenue of the firms that produce that good increases, then we know that the demand for that good has increased. This is because when the price decreases, more people are willing to buy the good, and thus, more revenue is generated.
When the price of a good decreases, it becomes more attractive to potential buyers due to its lower cost. This increased demand leads to more people buying the good, which in turn increases the total revenue of the firms that produce that good.
This is because with more buyers, the firms are able to sell more of their product and therefore generate more revenue. In other words, when the price of a good decreases and the total revenue of the firms that produce that good increases, it shows that the demand for that good has increased.
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assume a bond's stated rate is 5% and the yield to maturity is 6%, will the bonds sell for par value, above par value, or below par value?
The bonds will sell at a price above par value since the yield to maturity is higher than the stated rate.
This is because investors are willing to pay a higher price to obtain the higher yield.
In order for a bond to sell at par value, the stated rate and yield to maturity must be the same. When the yield to maturity is higher than the stated rate, the bond will sell at a premium because investors are willing to pay a higher price for the higher yield.
The higher the premium, the higher the yield to maturity is above the stated rate. In the case of this bond, the yield to maturity is 6%, higher than the stated rate of 5%, so the bonds will sell at a price above par value.
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as markets mature, group of answer choices costs continue to increase. application for patents increase. differentiation opportunities increase. there is increasing emphasis on efficiency.
As markets mature, there is increasing emphasis on efficiency. This can be explained by the fact that as markets mature, costs continue to increase.
Therefore, it becomes important to increase efficiency in order to remain competitive and maintain profitability. Additionally, as markets mature, there may be fewer opportunities for differentiation. This makes efficiency an even more important factor for companies looking to stand out in the marketplace.
What is efficiency?
Efficiency is a measure of how well a system or process performs in relation to the resources used. It is a measure of the degree to which output is obtained from inputs. A system or process is said to be efficient if it produces the desired output with minimal waste or cost. In the context of markets, efficiency can refer to a number of factors including production efficiency, supply chain efficiency, and marketing efficiency.
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solve for the present value of the 10-year bond on its issue date. the bond has a par value of $1,000, coupon rate of 10%, and a discount rate of 8%.
The present value of the 10 year old bond is $603.90.
To solve for the present value of the 10-year bond on its issue date, you need to use the present value formula. Present value is the current value of a future payment or stream of payments given a specified rate of return. The formula for present value is:
PV = FV / (1 + r)n
where:
PV = Present Value
FV = Future Value, or par value of the bond (in this case, $1,000)
r = Discount Rate (in this case, 8%)
n = Number of periods (in this case, 10 years)
Therefore, the present value of the 10-year bond on its issue date is:
PV = $1,000 / (1 + 0.08)10 = $603.90
Thus, the value of 10 year old bond is $603.90
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persistent earnings identify each of the following items as either (p) persistent, or (t) transitory. persistent or transitory a. sale of merchandise. answer b. settlement of a lawsuit. answer c. interest income. answer d. payment to vendors. answer e. loss from expropriations of property by a foreign government. answer
The persistent earnings refer to earnings that are considered relatively consistent over the long term. In general, persistent earnings reflect a company's operational performance over a period of time.
For instance, persistent earnings may arise from sales revenue or ongoing activities of a company. Transitory, earnings are those that are not expected to continue into the future. These earnings can arise from one-time transactions or unique occurrences.
a. Sale of merchandise: Persistent (P) as it is a recurring source of income for businesses that sell merchandise. b. Settlement of a lawsuit: Transitory (T) as it is a one-time occurrence and not a recurring source of income. c. Interest income: Persistent (P) as it is a recurring source of income for businesses that earn interest on investments or savings.
d. Payment to vendors: Transitory (T) as it is a one-time occurrence and not a recurring source of income. e. Loss from expropriations of property by a foreign government: Transitory (T) as it is a one-time loss and not a recurring expense.
Such losses are typically the result of one-time events that are unlikely to repeat in the future. Thus, they are not considered a sustainable source of earnings.
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how do positive externalities affect demand curves? multiple choice question. demand curves become vertical lines. demand curves shift to the right. demand curves shift to the left. demand curves become horizontal lines.
Positive externalities can cause demand curves to shift to the right. This means that at each given price, there is a higher quantity demanded than what was initially predicted by the demand curve.
This is because positive externalities create additional benefits for consumers that make the good more desirable. Positive externalities can cause the demand curve to shift to the right. When there are positive externalities, the benefits of a good or service extend beyond the direct buyer and seller. As a result, the social benefits of consuming the good or service are greater than the private benefits, and the demand curve shifts to the right to reflect this additional benefit. The shift in the demand curve indicates that consumers are willing to pay a higher price and buy more of the good or service at every price level. Therefore, the correct answer is: demand curves shift to the right.
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what is the minimum amount of time that usp <795> advises retaining compounding and master formulation records?
The minimum amount of time that USP <795> recommends for retaining compounding and master formulation records is one year.
According to USP <795>, all compounding pharmacies are expected to maintain accurate and up-to-date records of their compounding activities. This requirement is included in order to ensure that each compound produced is of high quality and consistent with the intended formulation.
USP <795> defines "records" as "a document or other type of recorded information that includes information about the formulation, preparation, ingredients, and labeling of a compounded drug." As a result, the record-keeping process can be quite detailed and time-consuming, requiring careful attention to detail.
The maintenance of these records is essential for verifying that each compound has been properly prepared and labeled, as well as for ensuring that the pharmacy is in compliance with all relevant regulations and guidelines.
Furthermore, this documentation can be extremely useful in the event of an audit or inspection by regulatory authorities. According to USP <795>, these records should be retained for a minimum of one year.
However, some pharmacies may choose to retain these records for longer periods of time in order to provide a more detailed record of their compounding activities or to ensure compliance with other regulatory requirements.
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based on the static theory, what should the managers attempt to maximize and minimize while developing capital structure policy?
The static theory of capital structure suggests that a company's capital structure should be based on the minimization of the cost of capital while attempting to maximize the market value of the company's equity.
The cost of capital is reduced when more debt is added to the capital structure, however the risk of default rises with increasing debt. Therefore, managers must strike a balance between increasing debt and the associated cost of capital versus the risk of default.
The objective of a firm's capital structure policy should be to find the optimal debt-to-equity ratio, or the balance between debt and equity that maximizes the market value of the firm.
This optimal capital structure will result in the lowest cost of capital for the firm, as it reduces the cost of debt financing and provides access to less expensive sources of capital.
In terms of minimizing, the main thing to minimize is the risk of default. This can be done by managing the firm's debt-to-equity ratio and avoiding taking on too much debt. Taking on too much debt increases the cost of debt financing, as well as the likelihood of default.
Managers must also keep in mind the tax implications of their capital structure decisions, as debt financing is generally tax-deductible, thus resulting in a tax savings for the firm.
In summary, the static theory of capital structure suggests that managers should aim to maximize the market value of the firm's equity by finding the optimal debt-to-equity ratio and minimizing the risk of default, all while keeping in mind the tax implications of their decisions.
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an example of closed-end credit is . question 2 options: incidental credit revolving check credit credit cards installment sales credit
An example of closed-end credit is credit cards.
Closed-end credit is a loan or extension of credit with a fixed limit and fixed repayment schedule.
Closed-end credit is a one-time loan, commonly called an installment loan, that is intended to be repaid within a fixed period of time, usually between one and 15 years.
The interest rate on a closed-end loan is typically lower than that on a credit card, making it a popular alternative for people who want to make a large purchase.
A type of loan in which a fixed amount is lent to the borrower, which must be repaid in equal monthly payments over a specified period of time, with interest is known as closed-end credit.
The borrower must repay the entire amount of the loan, as well as any interest and fees, during the life of the loan. Installment sales credit is an example of closed-end credit.
The following options were provided in the question: Incidental credit revolving check credit cards installment sales credit
The correct option is: a credit card
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comparative advantage argument (what is floating rate debt, anyway?). how does the swap dealer hedge his currency risk as counterparty in the currency swap?
The comparative advantage argument is a theory of international trade that explains how countries can mutually benefit by specializing in the production of goods in which they have a lower opportunity cost than other countries. In economics, floating rate debt refers to a type of debt instrument whose interest rate is variable or changes over time in response to market conditions such as inflation rates, economic growth, and other market variables.
This type of debt is different from fixed-rate debt, in which the interest rate remains constant for the duration of the debt. The swap dealer hedges his currency risk in a currency swap by entering into a financial agreement with another party, typically a bank or financial institution, to exchange two different currencies at a predetermined exchange rate. This is known as a currency swap, and it allows the swap dealer to reduce or eliminate the risk of currency fluctuations in the foreign currency.
In the currency swap, the swap dealer exchanges its own currency for the foreign currency of the counterparty, and the counterparty agrees to pay the swap dealer a fixed interest rate on the foreign currency. The swap dealer hedges its currency risk in the currency swap by taking a position in the currency market that offsets its exposure to currency fluctuations.
This can be done by buying or selling currencies in the foreign exchange market, or by entering into other financial contracts such as futures or options. By doing so, the swap dealer is able to protect itself against losses in the value of the foreign currency, and ensure that it receives the agreed-upon exchange rate in the currency swap.
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beginning at equilibrium e1 in exhibit 1, when the government increases spending or cuts taxes the economy will experience: group of answer choices an inflationary recession. stagflation. cost-push inflation. demand-pull inflation.
Beginning at equilibrium e1 in exhibit 1, when the government increases spending or cuts taxes, the economy will experience demand-pull inflation.
In macroeconomics, demand-pull inflation is a phenomena that happens when the aggregate demand of an economy grows faster than its aggregate supply. According to Exhibit 1, the economy's aggregate demand will rise if the government raises expenditure or lowers taxes. This is due to a rise in both consumption and investment expenditure as a result of consumers having more discretionary income to spend and companies having more money to invest. As a result, prices will increase as a result of an increase in demand, moving the equilibrium point from e1 to e2 to the right. Demand-pull inflation is the term used to describe the inflation brought on by the rise in overall demand.
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which of the following is true of a probationary period? a. it is exclusively used on part-time workers. b. it cannot be used on employees who are being hired for full-time jobs. c. it cannot be used in small businesses. d. its time period is typically dictated by state laws.
The time period of Probationary period is typically dictated by state laws. This is a true conclusion from the given options. The correct option is d.
A probationary period is a time period in which a new employee is being evaluated to determine if they are suitable for the position. This period usually lasts from three to six months, but the exact time period depends on the state in which the employee is located. During this period, the employee is still officially employed by the company, but may have limited job security. They may be released from the job if their performance does not meet the expectations of the company.
During the probationary period, the employer is allowed to assess the new hire’s skills and abilities in order to make an informed decision on whether they should be permanently employed. It is important to note that this type of evaluation is used in full-time jobs, not just part-time, and it is also used in small businesses.
In conclusion, a probationary period can benefit both employers and employees in the hiring process. It can be used for both full-time and part-time employees, and the length of the probationary period can vary depending on state laws. Hence, the correct option is d.
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suppose that the federal reserve tightens the money supply in order to reduce inflation. in the long run, this policy most likely will cause nominal interest rates to:
Suppose that the Federal Reserve tightens the money supply in order to reduce inflation. In the long run, this policy most likely will cause nominal interest rates to increase.
What is the meaning of money supply?The total amount of money circulating in the economy at a particular time is referred to as the money supply. M1, M2, and M3 are the three most prevalent measures of money supply. The Federal Reserve System is in charge of regulating the money supply.
It does so primarily by altering interest rates to affect the volume of credit available in the economy.
What is the Federal Reserve System?The Federal Reserve System, or the Federal Reserve, is the United States' central banking system. It is in charge of the United States' monetary system, supervising banks and protecting consumers' credit rights, and maintaining the stability of the financial system by regulating the money supply.
How does Federal Reserve tighten the money supply?In order to tighten the money supply, the Federal Reserve System raises interest rates, which decreases borrowing and, as a result, reduces the supply of money. When the Federal Reserve System loosens the money supply, it lowers interest rates, which increases borrowing and, as a result, raises the supply of money.
When the Federal Reserve System lowers interest rates, it promotes borrowing, which has the potential to raise the supply of money. Conversely, when interest rates are increased, borrowing is discouraged, which lowers the supply of money.
In the long term, if the Federal Reserve tightens the money supply in order to reduce inflation, nominal interest rates are likely to rise since it reduces borrowing, and if it loosens the money supply, nominal interest rates are likely to fall because it increases borrowing.
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assume gdp of a (tiny) country at time zero is equal to $ 121.00 . calculate gdp 13 years later if the annual growth rate of gdp is 6 percent
The GDP of the tiny country after 13 years 13 years later if the annual growth rate of GDP is 6 percent will be $293.76 .
Assuming that the Gross Domestic Product (GDP) of a tiny country at time zero is equal to $121.00 and the annual growth rate of GDP is 6 percent, the GDP 13 years later can be calculated as follows:
GDP after 1 year = GDP of time zero + (GDP of time zero x annual growth rate)
GDP after 1 year = $121.00 + ($121.00 x 6/100) = $128.26
GDP after 2 years = GDP of time one + (GDP of time one x annual growth rate)
GDP after 2 years = $128.26 + ($128.26 x 6/100) = $136.03
GDP after 3 years = GDP of time two + (GDP of time two x annual growth rate)
GDP after 3 years = $136.03 + ($136.03 x 6/100) = $144.32
Continuing in this manner, the GDP after 13 years can be calculated as follows:
GDP after 13 years = GDP of time twelve + (GDP of time twelve x annual growth rate)
GDP after 13 years = $277.04 + ($277.04 x 6/100) = $293.76
Therefore, the GDP 13 years later is $293.76 if the annual growth rate of GDP is 6 percent .
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cash flow 19,000 11,300 10,200 6,700 what is the profitability index for the set of cash flows if the relevant discount rate is 11%
The profitability index for the set of cash flows given with a discount rate of 11% is 1.33.
The profitability index is a financial measure used to calculate the return on investment of a given project or asset. It is calculated by dividing the present value of all future cash flows of a project by the initial investment. In this case, the initial investment is 19,000.
To calculate the present value of future cash flows, we need to discount each of the future cash flows at the 11% discount rate. The discounted cash flows are 10,286, 9,493, 8,765 and 6,282 respectively.
When added together, these cash flows total to 34,826. Dividing this amount by the initial investment of 19,000, the profitability index is 1.33.
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what would be the gdp per working person have been in 1997,given that workforce was 55% of the population
The GDP per working person in 1997 was approximately 9,761 US dollars.
How did we get the value?To calculate the GDP per working person in 1997, we need to use the following formula:
GDP per working person = GDP / number of people in the workforce
We also need to know the GDP and the size of the workforce in 1997.
According to the World Bank, the GDP of the world in 1997 was approximately 31.7 trillion US dollars. However, since you haven't specified a particular country or region, I will assume that you are asking about the world GDP.
To determine the size of the workforce, we need to know the total population and the percentage of the population that was in the workforce. You have stated that the workforce was 55% of the population, but you haven't specified whether this is the global population or the population of a particular country or region.
Again, since you haven't specified a particular country or region, I will assume that you are asking about the global workforce.
According to the World Bank, the global population in 1997 was approximately 5.9 billion people.
To calculate the number of people in the global workforce, we multiply the global population by the percentage of the population that was in the workforce:
Number of people in the global workforce = 5.9 billion * 0.55 = 3.245 billion
Now we can use the formula to calculate the GDP per working person:
GDP per working person = 31.7 trillion / 3.245 billion = 9,761 US dollars
Therefore, the GDP per working person in 1997 was approximately 9,761 US dollars.
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time, cost, and project data are recorded by computers on the jobsite. question 4 options: true false
True. Computers can be used on the job site to record time, cost, and project data, which can aid in project management and decision-making.
Advancements in technology have altered the way project management is carried out, and the use of computers to record time, cost, and project data is now standard on jobsites. By using digital tools to track project progress, contractors can monitor and manage their operations more effectively, enabling them to make more informed decisions about resource allocation, scheduling, and budgeting. Computerized real-time data recording can also offer more accuracy and dependability than more conventional techniques, such paper-based documentation or human data entry. Project managers and other stakeholders can access and analyse this data, giving them the ability to spot patterns and trends, monitor performance, and make adjustments as necessary to keep the project on track.
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providing support to the community is an example of a(n) responsibility for a small business. a. discretionary b. legal c. ethical d. economic
Providing support to the community is an example of a(n) ethical responsibility for a small business. The correct answer is option c.
What is meant by small business?A small business is a privately held organization that typically employs fewer than 500 employees. The vast majority of small businesses have fewer than 20 employees. Small businesses are crucial to the nation's economy since they generate income, employment, and growth. These businesses are often founded by entrepreneurs who seek to make their mark in the business world, provide a valuable service, or fill a niche in the marketplace.
Ethical responsibility is the obligation of a company to be ethical in its dealings with the community and the environment in which it operates. A small business has a moral responsibility to protect the environment, foster equality, provide fair labor conditions, and operate with integrity.
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: firms achieve and sustain differentiation advantages and attain above-average performance when their price premiums do not exceed the extra costs incurred in being unique. group of answer choices true false
The correct option is true, Firms achieve and sustain differentiation advantages and attain above-average performance when their price premiums do not exceed the extra costs incurred in being unique.
Firms achieve and sustain differentiation advantages and attain above-average performance when their price premiums do not exceed the extra costs incurred in being unique. A differentiated product is a product that is unique from other products in the market in some manner.
Firms that produces differentiated products charge a higher price as compared to their competitors. They earn a price premium for the unique features that they provide.
However, if the extra costs incurred in being unique are higher than the price premium charged, then it is difficult for the firms to sustain their differentiation advantages and attain above-average performance. Thus, the given statement is true.
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determine net income using the following amounts: rent revenue is $1,760; interest expense is $2,870; and operating income is $71,120.
To find the net income using the given amounts, we need to follow the steps given below:Give.Net Income = Operating Income - Total Expenses = $71,120 - $4,630 = $66,490Therefore, the net income is $66,490.
Net income is the difference between a company's revenues and its expenses. To calculate net income, use the following formula:Net Income = Revenue - Expenses In this case, the revenue is $1,760 and the expenses are $2,870 + $71,120 = $73,990.Therefore, the net income is: $1,760 - $73,990 = -$72,230.
Rent Revenue = $1,760Interest Expense = $2,870Operating Income = $71,120First, we need to calculate the total expenses using the given interest expense. Total Expenses = Rent Revenue + Interest Expense = $1,760 + $2,870 = $4,630Now, we can find the Net Income using the Operating Income and Total Expenses Net income is calculated using the formula: Operating Income - Expenses = Net Income.
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in baum v. helget gas products, incorporated, what was the outcome of the handwritten notes that were claimed to comprise an employment contract?
Handwritten notes can be considered a legally binding employment contract. This was the outcome in the baum v. helget gas products, inc., regarding handwritten notes.
A contract of employment is commonly defined as a "contract of service."
Historically, a contract of service was distinguished from a contract for the supply of services, with the expression changed to imply the distinction between someone who is "employed" and someone who is "self-employed." The dividing line's purpose is to grant rights to certain types of people who work for others.e assumption is that people who are truly self-employed should be able to manage their own affairs.
So, The Handwritten notes can be considered a legally binding employment contract.
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crane company reports the following operating results for the month of august: sales $315,000 (units 5,000); variable costs $216,000; and fixed costs $70,800. management is considering the following independent courses of action to increase net income. compute the net income to be earned under each alternative. 1. increase unit selling price by 10% with no change in total variable costs or sales volume. net income $enter the net income in dollars 2. reduce variable costs to 57% of sales. net income $enter the net income in dollars 3. reduce fixed costs by $25,000. net income $enter the net income in dollars which course of action will produce the highest net income? select an alternative
The 2nd Option to reduce the variable cost to 57%of sales will produce the highest net income
How to solve1. Sales ($315,000*110%) $346,500
Less Variable Cost $216,000
Contribution $130,500
Less Fixed Cost $70,800
Net Income $59,700
2. Sales $315,000
Less Variable Cost ($315,000*75/100) $179,550
Contribution $135,450
Less Fixed Cost $70,800
Net Income $64,650
3. Sales $315,000
Less Variable Cost $216,000
Contribution $99,000
Less Fixed Cost($70,800-$25,000) $45,800
Net Income $53,200
For an accounting period, net income is an entity's income less cost of goods sold, costs, depreciation and amortization, interest, and taxes.
The 2nd Option to reduce the variable cost to 57%of sales will produce the highest net income
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The ______________ concept says that all transporting, storing, and product-handling activities of a business and a channel system should be thought of as part of one system which should seek to minimize the cost of distribution for a given customer service level.
A) PERT
B) Product-market
C) Distribution center
D) Physical distribution
E) Marketing
The Physical Distribution concept says that all transporting, storing, and product-handling activities of a business and a channel system should be thought of as part of one system which should seek to minimize the cost of distribution for a given customer service level. So, the correct option is D.
Physical Distribution can be defined as the activities of planning, executing, and controlling the physical flow of goods, services, and related information from the point of production to the point of consumption to meet the customer's requirements profitably.
This concept is essential in the overall business and channel system as it ensures that all transporting, storing, and product-handling activities of a business are taken into consideration and viewed as part of one system. This system should aim to minimize the cost of distribution for a given customer service level. A lot of companies depend on physical distribution for their success.
It includes a range of activities such as packaging, warehousing, transportation, order processing, and inventory management. The goal is to get the product to the consumer when they need it, where they need it, and how they want it. Hence, Physical Distribution becomes very significant.
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