A business that consumes $3,000 of resources to make a product that is sold for $4,000 has earnings or ____ of $1,000. (Enter only one word per blank.)

Answers

Answer 1

Answer:

Profit

Explanation:

The term profit is a term used to describe financial gain. The profit is the difference between the amount of money earned on a business transaction involving the sale of an item or service, to the amount spent to produce, to procure, or the put in a function condition.

In the question, the amount consumed or spent to make the product = $3,000

The amount for which the product was sold = $ 4,000

The profit = 4,000 - 3,000 = $1,000.


Related Questions

ABC Company has issued $20,000,000 of convertible bonds with a coupon of 5% and a current market value of 120. The conversion price is $40. If all the bonds are converted, how many additional shares of common stock will ABC have outstanding

Answers

Answer:

Explanation:

k

Suppose the economy is initially in​ long-run equilibrium. The Fed enacts a policy to . In the​ short-run, this expansionary monetary policy will​ cause:

Answers

Answer:

A shift from AD 1 to AD 2 and a movement to point​ B, with a higher price level and higher output.

Explanation:

The above is what the expansionary monetary policy of the Federal government will cause in a situation where a policy was introduced on a short-run.

Seller Deangelo agreed to mediate the radon gas problem in his basement within 31 days. It has been 31 days and he still has not addressed the issue. What is the current status of the sales contract?

Answers

Answer:

Deangelo has defaulted on the contract.

Explanation:

A party to a contract is said to have defaulted on a contract when a non material breach of a contract occurs. One of the parties to the contract fails to meet his obligations.

So the failure to do what is expected within a given time frame will result in default of the contract. The contract can now be cancelled.

In the given instance DeAngelo had an obligation to mediate the radon gas problem in his basement within 31 days.

He has failed to do this at the end of 31 days so he has defaulted on the contract

Which of the following statements is correct? Managers will be more likely to pursue projects that will benefit the entire company when being evaluated on ROI instead of residual income. A manager might reject a proposal using ROI that the manager would accept using residual income. A project that is not acceptable usi

Answers

Answer:

A.Incorrect

B. Incorrect

Explanation:

a) A manager might reject a proposal using ROI that the manager would accept using residual income

The statement is incorrect. The reverse is true. Using ROI entails the manager comparing the ROI after a project to the ROI before, where implementing a project makes the ROI after to be less than what it before the project, the Manager would most likely not implement the project. This would happen notwithstanding that the project  produces positive residual income.

b) Managers will be more likely to pursue projects that will benefit the entire company when being evaluated on ROI instead of residual income.

This statement is incorrect. ROI makes the manager to pursue his own interest and that of its division at the expense of the group objectives. It leads to sub-optimal decision

A firm's cost of equity is 22%. Its before-tax cost of debt is 13% and its marginal tax rate is 21%. The firm's capital structure calls for a debt-to-equity ratio of 45%. Calculate the firm's cost of capital

Answers

Answer:

WACC= 17.95%

Explanation:

Weighted average cost of capital is the average cost of all of the long-term types of finance used by a company weighted according to the that amount of finance used in relation to the total pool of fund.

It is calculated using the formula below:

WACC = (We×Ke)  +  (Wd×Kd)

Ke-cost of equity- 22%

We- equity weight- 100% - 45% = 55%

Kd-After tax cost of debt-10.3%

Wd- 45%

After tax cost of debt = Before tax ×× (1- tax rate)

After tax cost of debt = 13%× (1-0.21) = 10.3%

Cost of equity = 22%

WACC =(0.55× 22%) + (0.45× 13%)=17.95%

WACC= 17.95%

when resources are purchased from outsiders through long term contracts instead of being made in house, this process is referred to as +

Answers

Answer:

Outsourcing

Explanation:

Outsourcing is a term often used in business relationships that describes a practice in which companies ensures that best candidates are employed for a particular work often contract job, without getting involved in the process of sourcing and appointing internally. It can be used for various operations such as audition works, procurement, planning strategy, etc.

Hence, in this case, the correct answer is OUTSOURCING

The Duffy Design Group demonstrated the effectiveness of graphic design in its label for ________ , which helped increase sales in spite of a small advertising budget.

Answers

Answer:

Classico spaghetti sauce

Explanation:

Since in the question it is mentioned that the Duffy Design Group represents the graphic design effectiveness for labeling the product i.e. Classico spaghetti sauce due to which the company is able to accomplish its target share and capture the maximum share in the market place rather having the less advertising budget

Therefore it is a Classico spaghetti sauce product

Trey has $5.00, he needs gas and he needs to eat lunch. He can only do one for $5.00 not both or part of both. Trey buys gas to go home. What is his opportunity cost? What is the alternative not chosen by trey?

Answers

Answer:

Tray's opportunity cost is not being able to purchase lunch,  the alternative tray decided not to take would I assume to be just getting gas and to eat at his house.

The opportunity cost of buying gas is Trey would not be able to eat lunch.  The alternative not chosen by Trey is eating lunch.

What is opportunity cost ?

The value or advantage forfeited by engaging in a specific activity in comparison to engaging in an alternative activity is known as the opportunity cost of that activity. More effective implies that you forfeit the chance to engage in a different activity if you choose one.

Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them.

When the value of the next best alternative is computed and the alternative chosen, the term "opportunity cost" is used to explain it best.

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Following transactions of Ramesh for April,2018 are given below. Journalize them, prepare ledger and trial balance.

Answers

Answer:

apr 28

Explanation:

2. Most union electricians launch their careers by enrolling in a(n) _______ program, which combines on-the-job training with classes taught by experienced electricians.

Answers

Answer: apprenticeship

Explanation:

Apprenticeship program is a program whereby a worker will be trained so that he or she will become skilled in a certain trade.

Most union electricians launch their careers by enrolling in an apprentice program, which combines on-the-job training with classes taught by experienced electricians

Which type of agreement assures that a broker will receive compensation regardless of who procures the buyer?a. Net listingb. Exclusive right to sellc. Open listingd. Exclusive agency

Answers

Answer: b. Exclusive right to sell

Explanation:

An authoritative understanding under which the posting merchant goes about as the operator or as the lawfully perceived non-organization illustrative of the seller(s), and the seller(s) consents to pay a commission to the posting dealer, whether or not the property is sold through the endeavors of the posting intermediary, the seller(s), or any other individual; and an authoritative understanding under which the posting specialist goes about as the operator or as the legitimately perceived non-office illustrative of the seller(s), and the seller(s) consents to pay a commission to the posting agent whether or not the property is sold through the endeavors of the posting representative, the seller(s), or any other person, then again, actually the seller(s) may name at least one person  or elements as exclusions in the posting understanding and if the property is offered to any absolved individual or element, the seller(s) isn't committed to pay a commission to the posting specialist

The basic considerations for setting prices on goods that are traded across borders does not include:

Answers

Answer:

The answer is below

Explanation:

Since there are no options available, here are the eight basic considerations for setting prices on goods that are traded across borders.

1. The pricing alternatives that are available if the firm's costs increase or decrease and are demand in the international market elastic or inelastic?

2. should vary with the market segment?

3. Is the price competitive in comparison with the local market conditions?

4. How about the foreign country's dumping laws, will it be problematic?

5. Does the price indicate the product's quality?

6. Analysis of the various forms of discounts such as trade, cash, quantity, and allowance like Advertising, and trade-off, the firm will offer its international customers should be considered.

7. The firm should also consider pursuing any of the marketing objectives such as market penetration, market skimming

8. Will there be special scrutiny as to the firm's prices by the host country government on whether the price is reasonable or exploitative?

The managers at johnson & johnson who authorized the buyback of defective products might have endorsed milton friedman’s shareholder, or profit-maximizing, view.

Answers

Organizations must make money to stay in existence. Making money, then, should be the sole focus of an organization’s activities.

Organizations have one responsibility: to increase the wealth of their stockholders

The following information should be considered:

According to Friedman, each & every organization should contain the bottom line to generate more profit by earning more and more money due to this it can increase the wealth of those people who have invested in the organizationsSo,  the main objective of the firms should be to direct their activities to generate more funds

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Sustainable development refers to _____. a. economic activities that do not threaten the environment b. an increase in the number of business firms that indulge in greenwashing c. a change in the environment of a species d. a steady increase in the utilization of conventional energy sources e. reversal of the damage caused by humans in an attempt to save the planet

Answers

Answer:

A

Explanation:

The Brundtland Report defines Sustainable development as "development that meets the needs of the present without compromising the ability of future generations to meet their own needs."

In order to test a new customer loyalty program, a supermarket sends an email to its current customers in one of its regions of operation, inviting them to opt into the new program. After several months, management observes that participants in the new program are much more frequent shoppers than the average customer. Which of the following can management conclude from this experiment? Introducing the new loyalty program in all of its regions of operation will boost sales in the future.

Answers

Available Options Are:

A) Introducing the new loyalty program in all of its regions of operation will boost sales in the future.

B) The new loyalty program has boosted sales among its test participants.

C) Sales to customers that did not opt into the loyalty program have decreased.

D) None of the above

Answer:

Option A. Introducing the new loyalty program in all of its regions of operation will boost sales in the future.

Explanation:

Option A is correct because the purpose of introducing loyalty program was to increase its sales which loyalty program has significantly increased. Hence the conclusion from the experiment must be that the company must introduce customer loyalty programs in all of its branches to increase its sales significantly.

Option B is incorrect because it was the result of loyalty program not what we must conclude from the result.

Option C is also incorrect because the purpose of loyalty program was that the company was willing to increase sales by only attracting potential customers who are frequent shoppers and now due to loyalty program, they will buy more from our shops. Hence it will not impact the other customers.

YUM!, one of the world's largest restaurant companies, has a variety of brands, including KFC, Pizza Hut, and Taco Bell. Each one operates independently and is responsible for its own performance. Each has a separate CEO responsible for managing its supply chain, marketing, and R&D). Knowing this, how does YUM organize its structure?

a. Decentralized with autonomous sub-unit
b. Strong centralization
c. Organizational controls d
. Matrix structure

Answers

Answer:

a. Decentralized with autonomous sub-unit.

Explanation:

YUM organizes its Decentralized structure with an autonomous subunit.

It is possible to affirm based on the information offered by the question, since a decentralized company is one whose decision-making process occurs in a more flexible way, that is, it is not taken only by a leader. This gives the advantage of better decision-making by employees who are experiencing the situation up close.

YUM has a variety of brands, each of which operates independently and is responsible for its own performance. Each has a separate CEO responsible for managing its supply chain, marketing and R&D, which confirms that each YUM brand operates autonomously and with its own decisions.

It is more common to see rewards tied to performance indicators as opposed to seniority or loyalty in companies whose cultures are:

Answers

Answer: outcome oriented

Explanation:

It is more common to see rewards tied to performance indicators as opposed to seniority or loyalty in companies whose cultures are outcome oriented.

For outcome-oriented cultures, the managers and the workers are being held accountable for the success of the organization and hence the employees are usually rewarded based on their performance and to also motivate them.

Wright Company's cash account shows a $28,900 debit balance and its bank statement shows $27,200 on deposit at the close of business on May 31. The May 31 bank statement lists $170 in bank service charges; the company has not yet recorded the cost of these services.Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2013, its Cash account shows a $28,900 debit balance. The company’s May 31 bank statement shows $27,200 on deposit in the bank.a. The May 31 bank statement included a $170 debit memorandum for bank services; the company has not yet recorded the cost of these services.b. Outstanding checks as of May 31 total $6,300.c. May 31 cash receipts of $6,900 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement.d. In reviewing the bank statement, a $470 check written by Smith Company was mistakenly drawn against Wright’s account.e. A debit memorandum for $460 refers to a $460 NSF check from a customer; the company has not yet recorded this NSF check.Prepare a bank reconciliation for the company using the above information.

Answers

Answer: Please find answer in the explanation column

Explanation: A bank Reconciliation statement is one that shows a record ensuring a company's bank financial records corresponds with its financial book records and adjust any discrepancies found.

    Bank reconciliation for the Wright  company as of May 31st

Ending balance according to Bank  statement        $27,200

Add:

Deposit made                                                              $6,900

Bank error                                                                     $470

                                                                                      $34,570

Deduct:

Outstanding checks                                                       ($6,300)

Adjusted bank balance                                                 $28,270

Ending balance according to Book  statement        $28,900

Add:

Deduct:

Bank Service Charge                                                       ($170)

NSF check                                                                         ($460)

Adjusted book balance                                                 $28,270

Consider the following production and cost data for two products, Q and P: Product Q Product P Contribution margin per unit $35 $40 Machine minutes needed per unit 7 minutes 5 minutes A total of 14,700 machine minutes are available each period, and there is unlimited demand for each product. What is the largest possible total contribution margin that can be realized each period

Answers

Answer:

Total contribution =$117,600

Explanation:

Whenever a company is faced with a limiting factor i.e a resource in short supply, the company should allocate the resource to the product with he highest contribution per unit of the scare resource .

The business outfit should rank its products using contribution per minute of constraint

This is done as follows:

Product                                               Q                 P

Contribution margin                         35                40

Machine hours /unit                          7                  5

Contribution /minutes                         5                 8

Ranking for production                      2nd           1st

Note contribution per minute = contribution per unit/minutes required

Allocation of machine hours

All the 14,700 machine hours should be allocated to the production of product P. Doing so would produce a total maximum contribution equals to

Total contribution : machine hours ×  contribution per machine hr

Total contribution = 8× 14,700 =  117,600  

Total contribution =$117,600  

When a company attempts to determine what type of employees it needs to meet its objectives as well as the number of employees it will need, it is in the process of

Answers

Answer:

Human Resource Planning

Explanation:

Human Resource Planning in management can be explained as the process whereby human resources manager use to make all resources needed for an organization to succeed in their production of product/ services whether now or in the future, it can be in terms of having the best employee they needed, making the kind of skills needed to be available and otheres.

Therefore, according to the question, Whenever a company attempts to determine what type of employees it needs to meet its objectives as well as the number of employees it will need, it is in the process of Human Resource Planning.

The process of Human Resource Planning   includes the various attempts to determine what type of employees are needed to meet objectives as well as the number of employees.

The function of the Human Resource Planning are performed by the firms' human resources manager.

The Human Resource Planning entails the firms' plan that identifies the current and future human resources which are in needs for an organization to achieve its goals.

In conclusion, the process of Human Resource Planning includes the various attempts to determine what type of employees are needed to meet objectives as well as the number of employees.

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The risk associated with the unlikelihood that one of the key members will be struck by lightning would most likely be handled by which of the following?
A) Mitigating
B) Retaining
C) Ignoring
D) Transferring
E) Avoiding

Answers

Answer:

B) Retaining

Explanation:

Retaining risk refers to the risk in which the company could able to take the decision with respect to the responsibility for some particular risk

Here in the given situation it represents that the risk is associated with one of the key members so this presents the responsibility that should be considered while retaining a risk

Hence, the correct option is B.

Question 3 of 10
Kristen has been working in a factory for 12 years and no longer wears a
helmet while working. She is experiencing one of the attitudes that commonly
lead people to have workplace accidents. What is she most likely feeling?
A. Anger
B. Overconfidence
C. Distraction
D. Exhaustion

Answers

Answer:

Letter B

Explanation:

Overconfidence

Overconfidence is she most likely feeling. As She is experiencing one of the attitudes that commonly lead people to have workplace accidents. Hence, option B is correct.

What is Overconfidence?

a cognitive bias that is characterized by an overestimation of one's genuine capacity for performance, by the belief that one does better than others, or by an excessive amount of faith in the truth of one's views. Contrast lack confidence.

Two overconfident actions that someone who thinks their sense of direction is much better than it actually is could display are going on a long trip without a map and refusing to ask for directions if they get lost along the way. Overconfident people think they are far smarter than they actually are.

Arrogance is the quality of being overconfident in one's abilities or prospects of success. Planning ahead can occasionally lead to overconfidence.

Thus, option B is correct.

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Gary Kelly, CEO of Southwest Airlines, talks to a group of reservation agents to acknowledge their contributions to the company's success.What function of management?

Answers

Answer:

leading

Explanation:

The function of management that the CEO is performing in this scenario is known as leading. This function focuses on motivating employees and influencing their behavior to achieve organizational objectives. In this scenario, the CEO of the company is motivating the employees by letting them know that they have been doing a great job and that top management is noticing their efforts which in term will cause them to perform even better with hopes that they will get bonuses or a promotion.

When presenting solutions, Chris (a salesperson)often has to handle buyer resistance. Chris should think of buyer resistance as a(n)___________ event.
A) Negative
B) Unimportant
C) Positive
D) A buyer initiated challenge (BIC)
E) Show stopper

Answers

Answer:

C) Positive

Explanation:

Since in the question it is mentioned that while presenting the solutions, Chris who is a sales person handles the buyer resistance also the Chris think that the buyer resistance is a positive event

Therefore in the given scenario, the option c is correct as it does not meet all other available options

hence, the correct option is c.

Professor Green teaches environmental economics at the local university. Students learn that the professor has also written books about labor laws. It is most likely that the professor is:

Answers

Answer: c. a microeconomist.

Explanation;

Professor Green writing books about labor laws when taken in isolation is not enough proof that he is a microeconomist because even though labor markets and laws fall mostly under microeconomics, they should also be viewed from a macro level as well considering how unemployment affects the economy as a whole.

However, if Professor Green teaches environmental economics as they indeed do, Green is probably a micro-economist because Environmental economics traditionally falls under Microeconomics.

In a job order cost accounting system, the journal entry to record the flow of direct materials into production consists of a

Answers

Answer:

Debit : Work In Process Account and  Credit : Raw Materials Account

Explanation:

The Work In Process Account must be increased with the cost of raw materials being transferred to production from the Raw Materials Account.Whilst the Raw Materials Account must be decreased.

What did people learn to do with seeds?

Answers

Answer:

People learned to plant seeds to make crops to survive on.

Explanation:

Select the components of a market analysis.

a. the consumption process of potential customers
b. the economic, physical, and technological environment
c. the organization's own capabilities
d. the capabilities of current and future competitors
e. an understanding of injurious consumption

Answers

Answer:

All of the above except option e.

Explanation:

To gain success and growth is the motto of every business, for this it is very important for a company to analyse the market properly, this shall include:

i) Knowing your customers properly, knowing the targeted audience of  the product or service provided by the company.

ii) The company shall accurately analyse the environment in which it runs, this includes all the factors, physical, economical, or technological or political etc:

iii) The company shall analyse its own capabilities properly and evaluate the areas where it needs to work even more.

iv) Knowing your competitors is very important as it provides for the ongoing and upcoming challenges, a business shall face.

Pressing Music, Inc., offers to buy from Digital Media Corporation (DMC) one million blank CDs of a certain quality. Without notifying Pressing, DMC timely ships CDs of a different quality. With respect to the offer and a possible contract, this shipment is

Answers

Complete Question:

Pressing Music, Inc., offers to buy from Digital Media Corporation (DMC) one million blank CDs of a certain quality. Without notifying Pressing, DMC timely ships CDs of a different quality. With respect to the offer and a possible contract, this shipment is?

Group of answer choices

a. an acceptance and a breach.

b. an acceptance and an accommodation.

c. an acceptance and complete performance.

d. a rejection and a counter offer.

Answer:

a. an acceptance and a breach.

Explanation:

Since Pressing Music, Inc., offered to buy from Digital Media Corporation (DMC) a million blank certificates of deposits (CDs) of a certain quality, this simply represents an agreement to a deal or contract.

Furthermore, without notifying Pressing, DMC timely ships CDs of a different quality, this in business law is considered to be a breach of an agreement.

An agreement can be defined as a mutual understanding between two or more parties in order to execute a business or contract.

On the other hand, a breach refers to the violation of a binding agreement or a contract which happens when a party fails to deliver in accordance with the terms or its promises.

Hence, with respect to the offer and a possible contract, this shipment is an acceptance and a breach.

One weakness of the cost approach for appraising market value is that:________

a. builders may not pay market value for materials or labor.
b. market value is not always the same as what the property cost.
c. comparables used may not have similar quality of construction.
d. new properties have inestimable costs and rates of depreciation.

Answers

Answer: b. market value is not always the same as what the property cost.

Explanation: In the process of property valuation in real estate, potential users or buyers have to appraise a property before they make offers, this will enable them know the value and the reasonable price to offer. One of such method of appraisal is the cost approach which is based on the basis that, a property shouldnt be purchased by a buyer at a price beyond the cost of erecting an equivalent structure. Of the options listed above, using the notion of not paying beyond the cost of erecting a similar building could be considered a weakness in f the approach in situations whereby the market value of the property is not the same as the value of the property. The market value of a property could be influenced by different factors including seasonality, changes in geography or terrain and so many other factors which may influence the value of an asset which might not affect the real cost of the property. Hence, the discrepancy.

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