The opportunity cost of producing one pound of beef for Reva is the value of the next best alternative that could have been produced with the same resources used to produce the pound of beef.
Opportunity cost is defined as the second best alternative foregone. It refers to the cost of choosing one option over another and is calculated as the difference between the two options. In the context of producing beef, Reva's opportunity cost would be the cost of producing one pound of beef in terms of what could have been produced if the resources were used to produce another good or service instead. This could be calculated as the value of the next best alternative use of the resources divided by the number of units of that alternative that could have been produced. In essence, it represents the cost of the forgone opportunity, which is the benefit that could have been derived from the next best alternative use of the resources.
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Which of these can be the greatest asset to a social media team in influencing its audience? Traditional media Competitive expertise Product adoption Unpaid advocate
Competitive expertise can be the greatest asset to a social media team in influencing its audience.
Social marketers view social media as the engine for competitive and the key to difference since social media's opportunity has never been larger than it is now. Customers and influencers are frequently created by users who engage with these firms or express interest in their products. Social media serves as a channel for acquiring leads in this manner, which are subsequently managed in a client relationship management (CRM) system.
Your digital marketing strategy is made up of the photographs, video files, and user-generated content that your business is tagged in. These are known as social media assets. Each piece of content published on your social media platforms enhances the user experience of your brand.
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What is grant allocation received pursuant to the California Venues grant Program?
The grant allocation received pursuant to the California Venues grant Program is more than $111.5 million.
What grant allocation to the California Venues?
The California Venues Grant Program (the "Program") will assist qualifying independent live events venues affected by COVID-19 in continuing to operate. The first phase of the California Venues Grant Program awarded almost 830 qualifying independent live events venues more than $111.5 million in the autumn of 2021, including more than 150 women-owned companies and 587 small businesses in low-income communities. Grant Allocation Assessment refers to a yearly assessment calculated on the outstanding balance of the Loan. It is calculated in the same manner as the interest charged on the Loan and is included in the Semiannual Loan Payment.
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Why does the government grant patents to some firms that develop new products?A. to increase the number of monopolies in the economyB. to guarantee additional profits to large firms that pay high taxesC. to generate competition in industries that might otherwise become monopoliesD. to encourage firms to research new products that may benefit society
The government grant patents to some organizations that develop new products D : " to encourage firms to research new products that may benefit society".
The government grants patents to some firms that develop new products to encourage innovation and research in industries. A patent is a legal right granted to inventors, which gives them exclusive control over the production, use, and sale of their invention for a certain period of time. By granting a patent, the government incentivizes companies to invest in research and development of new products, as they can enjoy temporary monopolistic control over the market for their invention. This helps drive technological progress and leads to the creation of new and useful products that can benefit society.
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Which of the following are product costs for a manufacturer? (Check all that apply.) Direct material
Store rent Depreciation on the factory equipment Depreciation on the office equipment Sales commissions
Direct materials are a product cost for a manufacturer.
What are the various manufacturing cost types?Service fees, utility expenditures, rent payments, and equipment prices are some examples. Wages and salaries for staff members who are actively involved in producing items, including quality assurance, machine operators, industrial engineers, and factory managers, are some typical sorts of manufacturing costs. bare essentials.
How much do products cost?Costs incurred to produce a good destined for consumer purchase are referred to as product costs. Direct materials (DM), direct labor (DL), and manufacturing costs are included in product costs (MOH). The costs directly associated with the production process are called product costs.
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what is the value he is placing on his company if he is seeking $100,000 in return for 10% ownership?
The inferred value is determined by this formula: V = P / E.Because of this, if they are asking for $100,000 for 10%, they are valuing the business at $100,000 / 10%, or $1 million.
How can I determine my company's worth?Business value = assets less liabilities according to a straightforward calculation.The items that can be sold for cash, such as inventory, real estate, or equipment, are considered your company's assets.
Liabilities are financial obligations incurred by an organization, such as a bank loan for capital equipment or a commercial mortgage.
Don't value your company; value the deal
The offer price (P) is calculated as the equity stake (E) multiplied by the enterprise value (V), or P = E x V.
The inferred value is determined by this formula: V = P / E.Because of this, if they are asking for $100,000 for 10%, they are valuing the business at $100,000 / 10%, or $1 million.
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suppose you are buying a tally counter that can express all numbers from 0 to at least 2000.suppose that each wheel of size n costs $n.which wheel size will give you the cheapest tally counter?
Wheel size two will be given the cheapest tally as it starts with a zero tally counter.
A mechanical, electrical, or software tool called a "tally counter" is used to incrementally count anything, usually something that is transient. One of the most frequent uses for tally counters is tracking the arrivals and departures of individuals, animals, or other objects. A tally counter typically has a cylindrical metal enclosure. A plastic or glass window is located inside a portion of the circle that has been smoothed out. A series of rings with the numbers 0 to 9 are arranged inside the counter in descending order, clockwise. The user can count up to 9999 using the four such rings seen on the majority of counters. You might install a metal ring to help hold the counter in place.
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the indian government constructs houses for the homeless, to move them out of the slums. soon as these houses are constructed, the homeless, rent them out and moved to another slum. where could the policy have gone wrong? a. the policy would have been much more effective had the poor been given the cash equivalent of the house, to allocate effectively by themselves. b. the government did not allocate the funds to their highest use, as per the needs of the homeless. c. the government failed to run the policy effectively. d. both a
In the given question, both A and B are correct. If the poor had been given the monetary equivalent of the property to allocate efficiently on their own, the government policy would have been far more successful.
The needs of the homeless were not the government's priority when allocating the monies.
Aside from being homeless, poor individuals lack employment. Even when new dwellings are assigned to them, their other criteria are not met. Perhaps they think that renting will cover their essential expenses, which are not currently covered by government policy (though many schemes are aimed at alleviating poverty). So, A is correct.
Construction of dwellings is only one of four primary difficulties of slumps, the others being the provision of food, housing, employment, and health security. People who are homeless will continue to experience the other three socioeconomic issues even if they try to move into new homes. Some of their financial needs are covered by renting the house that is assigned to them. So, B is also correct.
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The given question is incomplete. The complete question is given below:
The Indian government constructs houses for the homeless, to move them out of the slums. As soon as these houses are constructed, the homeless rent them out and move to another slum. Where could the policy have gone wrong?
A. The policy would have been much more effective had the poor been given the cash equivalent of the house to allocate effectively by themselves.
B. The government did not allocate the funds to their highest use, as per the needs of the homeless.
C. The government failed to run the policy effectively.
D. Both A and B.
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Indirect agency costs are often due to lost ______.
Businesses incur indirect agency costs when they delay promising endeavors and opportunities lost are common causes of indirect agency costs.
What are Indirect agency costs?Businesses incur indirect agency costs when they delay promising endeavors.
It seeks to strike a balance between the benefits and interests of shareholders and management.
However, if a loan contains agency fees, it might have an effect on the company's stock price.
Indirect agency costs are a representation of lost opportunity.
Let's say, for instance, that investors wish to carry out a project that will raise the stock value.
The management group is concerned that things might go wrong and that they would lose their jobs as a result.
Therefore, businesses incur indirect agency costs when they delay promising endeavors, and opportunities lost are a common cause of indirect agency costs.
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What is the effect of an economy producing more capital goods?
Capital goods are used in the production of consumer goods. If an economy generates more capital goods, it can increase its technological sophistication and productivity. It may someday be able to make more consumer goods for less money as a result.
Economy A generates more capital products and fewer consumer goods throughout the medium term. Consequently, both items require a trade-off. Since capital goods are produced more quickly than consumer goods, the short-term standard of living will be poor.
A product that is used to create additional goods and services is known as a capital good. They serve the company as the raw resources utilized to create other goods.
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assume that you were a small country, what would you rather have a comparative or absolute advantage with trading?
It would be desirable to have a trading comparative advantage as a small nation. The country can sell its products for less money and expand exports since it produces commodities and services more effectively than other nations.
An advantage is a superior position, benefit, or circumstance that gives a person or entity a better chance of success or a better result than others. Advantage in the context of economics refers to the capacity to create a good or service at a lower cost or of higher quality than rivals. This is possible thanks to elements like easy access to natural resources, qualified personnel, cutting-edge technology, or advantageous market conditions. Having an advantage can provide you a competitive edge in the market, which can boost your growth and earnings. In international trade, there are two different kinds of advantages:
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what would happen to the global economy if all marketing ceased? multiple choice question. the global economy would slightly worsen. the global economy would improve. the global economy would stay about the same. the global economy would plummet.
The global economy if all marketing ceased are the global economy would plummet. Thus, option (d) is correct.
What is economy?
The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector and agriculture sector. The family (consumption) and company (product sales) are both parts of the economy.
According to the economist, was the suggested that the global economy would plummet was the marketing was the fall. The term global economy would plummet means to the prize, rate, and the amount was the fall perpendicularly. It was the loss.
As a result, the global economy would plummet are the aforementioned. Therefore, option (d) is correct.
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1. a tourist agent offers a special golf weekend package in georgia for us$595. calculate how much this would cost a canadian, in canadian dollars if us$ 1 = cdn $1.4929. (3 marks)
The cost of the weekend package is US$595, so to convert this to Canadian dollars, we multiply US$595 by CDN$ 1.4929:
CDN$595 x CDN$1.4929 = CDN$886.44
So the special golf weekend package would cost a Canadian CDN$886.44.
To calculate the cost of a tourist agent's special golf weekend package in Georgia for a Canadian in Canadian dollars, we need to convert the price from US dollars to Canadian dollars using the current exchange rate.
The current exchange rate is US$ 1 = CDN$ 1.4929, which means that for every US dollar, 1.4929 Canadian dollars can be purchased. To convert the price of the weekend package from US dollars to Canadian dollars, we need to multiply the price in US dollars by the exchange rate.
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why are coordination and resources called constraints on business communications? multiple choice question.
It restricts the real-world restrictions on cooperation and resources. Coordinating the time and effort required to include everyone who needs to be involved in conversation.
What is a resource?Any material that is nearby, economically feasible, technologically feasible, and culturally sustainable, and that enables us to fulfill our wants and desires is a resource. In accordance with their degree of development and use, they can also be categorized into actual and potential categories, biotic or abiotic origin, widespread or localized distribution, and actual or potential categories based on their degree of development and use. The concept of resource can also be related to the authority that leadership possesses over resources. This can include the responsibilities leaders have for managing human resources, such as managing, assisting, supporting, or guiding professional groups, technical experts, creative leaders, archival expertise, academic management, and social networking administrators.
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Complete Question:
Why are coordination and resources called constraints on business communications?
1)restricts the real-world restrictions on cooperation and resources.
2) restricts the real-world restrictions
Which one of the following statements is correct? Multiple Choice A. The payback period ignore the time value of money B. The payback rule is based in favor of long-term projects C. The payback period considers the timing and amount of all of a project's cash flows D. The payback rule states that you should accept a project if the payback period is less than one year E. A longer payback period is preferred over a shorter payback period
Option (a), The temporal worth of money is disregarded by the payback rule. This assertion is true.
Does the repayment mechanism take into account the value of money over time?The payback period is calculated using the amount of time needed to return the initial investment, without taking into account the time value of money. For instance, if it takes five years to recover the cost of an investment, the payback period is five years. During this time, it is not taken into account what happens when repayment occurs.
What elements need to be taken into account when determining whether to approve a capital budgeting project?The payback time has a defined meaning for capital budgeting purposes. The time it takes for the cash flows produced by a capital project to recover its initial investment is known as the payback period.
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1. Critical analysis Q2 Suppose that college students in your town persuaded the town council to enact a law setting the maximum price for rental housing at $400 per month. Evaluate the following statement, True or False: Setting the maximum price for rental housing will help students by creating a housing surplus, improving the quality of housing and creating more housing options. True False
Setting the maximum price for rental housing will help students by creating a housing surplus, improving the quality of housing, and creating more housing options. False
Setting the maximum price for rental housing may lead to a housing surplus for students in the short run, but in the long run, it is likely to result in a decrease in the quality and quantity of housing options. When landlords are forced to charge less for rent, they may not have enough money to invest in maintenance and upgrades, which could lead to decreased quality of housing. Additionally, if the price controls are too low, landlords may be less incentivized to build new housing, leading to a shortage of available housing options. This can drive up the prices of existing housing options and make it even more difficult for students to find affordable housing
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ou purchase 600 shares of 2nd chance co. stock on margin at a price of $28. your broker requires you to deposit $10,000. a. what is your margin loan amount? (do not round intermediate calculations.)
The margin loan amount for a broker who purchases 600 shares is $16.66.
What is margin loan?The amount in a margin account that is now available for margin purchases of securities or the amount that is available for withdrawal is referred to as the "margin loan availability." A customer of a brokerage business can access loans through a margin account by using the securities in their account as collateral. A brokerage customer can find out how much money is currently available in their margin account for withdrawal and how much is available for margin purchases by looking at their margin loan availability. The amount of money that is made available for lending fluctuates along with the value of the assets in the account since the securities must cover the loan amount.
Margin loan= 10000/600= $16.66
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.In a free market society, the answer to the question about how much to produce is determined
by -
A. census data
B. profit projections
C. consumer demand
D. government quotes
In a free market society about how much to produce is determined by consumer demand.
Correct answer is option C.
In a request frugality, the patron gets to decide what to produce, how important to produce, what to charge guests for those goods, and what to pay workers. These opinions in a free- request frugality are told by the pressures of competition, force, and demand. In a request frugality, the patron gets to decide what to produce, how important to produce, what to charge guests for those goods, and what to pay workers. These opinions in a free- request frugality are told by the pressures of competition, force, and demand. In its purest form, a request frugality answers the three profitable questions by allocating coffers and goods through requests, where prices are generated. In its purest form, a command frugality answers the three profitable questions by making allocation opinions centrally by the government.
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which of the following is a shortcoming of gdp? group of answer choices gdp excludes changes in inventories. gdp includes an estimate of illegal transactions. gdp excludes non-market transactions. gdp excludes business investment spending.
GDP (Gross Domestic Product) is a metric employed to measure the total value of all goods and services produced within a given country over a particular period.
It has a limitation, however, in that it does not take into account non-market activities like bartering and volunteering, as these are not officially reported and thus cannot be accurately counted.
Furthermore, while GDP can be used to compare the economic performance of different countries, it does not factor in other important considerations such as wealth distribution, environmental costs, and quality of life. Consequently, it should not be relied upon as the sole indicator of a nation's economic strength.
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When Japan is in a state of autarky how many yachts do they produce?
4 billion
800
500
400
When Japan is in a state of autarky, the number of yachts produced would not be specified as it depends on various factors such as demand for yachts, resources available for yacht production, and the efficiency of yacht production in Japan.
Autarky refers to a state in which a country is self-sufficient and does not engage in international trade. Without access to foreign resources or markets, the number of yachts produced in Japan would be determined by domestic factors, and cannot be accurately estimated without further information.
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Managers are a critical part of any successful organization because ________. A. they are willing to make sacrifices to nurture employees and work with them to accomplish theorganization's goals, often at the expense of their own career goals B. they use their skills and knowledge to move the organization forward towards established goals C. they often have degrees and a formal education, which generally makes them better leaders than other employees D. they are most familiar with theorganization, what it does, and the products or services it supplies to customers E. they are generally good at leading by example
In an organization, what is the most important factor in employee productivity and loyalty?
A.
Money, salary, and benefits
B.
The potential to move up within the organization
C.
The ability of a manager to train employees to perform job tasks
D.
The quality of the relationship between an employee and a direct supervisor
E.
The employee's understanding of the organizational culture before accepting the position
Answer:
Juan is enrolled in marketing education courses and is 17 years old. Juan has been hired by an electrical contractor. Juan is hoping to use this job as a cooperative work site placement. You are told that Juan’s job is to pull electrical components out of inventory and drive them to the job site.
Your answer
Juan is enrolled in marketing education courses and is 17 years old. Juan has been hired by an electrical contractor. Juan is hoping to use this job as a cooperative work site placement. You are told that Juan’s job is to pull electrical components out of inventory and drive them to the job site.
Your answer
Exp Juan is enrolled in marketing education courses and is 17 years old. Juan has been hired by an electrical contractor. Juan is hoping to use this job as a cooperative work site placement. You are told that Juan’s job is to pull electrical components out of inventory and drive them to the job site.
Your answer
lanation:
which of the following companies has long-term orientation? the owners of personal printing and paper are both thrifty and patient. in their search for the highest quality paper, they actually established a cotton breeding research facility to create new and better types of cotton to be used in their products. yes, it is going to take a while for them to see a payout on their investment, but it will be worth the wait. unagi eel distributors works hard to meet current demand for eel, which is a delicacy in many places around the world. however, it is unconcerned about sustainability and, as a result, it has overfished many locations. saabir is a farmer in pakistan. he believes in doing things the old fashioned way: for example, he plants and harvests his sugarcane by hand, burning his fields just before the crop is gathered. saabir has been told that burning the fields can lead to problems with ash and smoke drifting across roads, but he is more interested in whether he can harvest his crops now than he is in protecting the environment.
The WTO's mission is to promote open markets and free commerce among all states.
In order to perform job tasks in nations with the most affordable sources of labor and supplies, licensing entails participating in the global division of labor.
Are fees and taxes the intended outcome of international trade agreements?
The goal of international trade agreements is to establish levies and taxes that shield nations from inexpensive imports. Concerns about trade agreements include the fact that they make it more difficult for American businesses to export jobs abroad.
The World Trade Body (WTO) is a global organization that manages the trade agreements and rules that its 164 members agreed to get rid of trade barriers and establish nondiscriminatory regulations to control trade. It also acts as a crucial forum for settling commercial disputes.
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supplies should be ______ and supplies expense should be ______ for the cost of supplies used up during the period.
In order to account for the cost of supplies used up during the time period, supplies should be reduced and supplies expenses should be raised.
What exactly is a cost?
Expensive can be characterized as the cost imposed on something. For instance, it is regarded as an extent of the form if machinery needs any kind of repair.
The supplies are listed as a credit expense and the supply expenses are listed as a debit in a journal entry.
This entry is a journal adjustment for the commodity consumption of an industry. An example of an asset is supplies. Supply accounts are used for expenses.
In order to determine the company's profit or loss, they are also included in the trial balance and the profit and loss statement.
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Cynthia is making a budget. She makes a monthly net income of $2,300; plus, she earns an additional $640 each month for providing weekend child care. She lists her dedicated expenses.
Cynthia should start by creating a budget that includes her monthly net income of $2,300 plus the additional $640 she earns each month for providing weekend child care.
She should list out all of her dedicated expenses, such as rent, utilities, groceries, transportation, and any other necessary costs. She should also list out her discretionary expenses, such as entertainment, eating out, and other non-essential costs.
Once she has her budget in place, she should track her spending against it and adjust it as needed. This will help her stay on top of her finances and reach her budget goals.
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An organizational procurement and supply management process used to locate, develop, qualify, and employ suppliers that add maximum value to the buyers products or services.a. Trueb. False
The given statement about organizational procedure and supply management is True.
Because supply and procurement managers for organizations ensure that their supply chains are effective and economical, and because supply chain management entails five steps: plan, develop, make, deliver, and return. In order for raw materials to be transformed into finished goods and delivered to the final consumer, supply chain management deals with a system of procurement, operations management, logistics, and marketing channels. The logistics involved in the production and distribution of a company's goods are coordinated, organized, and managed by the supply chain manager. The BLS states that supply chain managers are in charge of a product's entire life cycle.
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You should use estimation when you can find a primary source that gives the exact value.
true or false
The statement -"You should use estimation when you can find a primary source that gives the exact value." is true. However, it depends on the context and purpose of the estimation.
In general, it is always preferable to use exact values rather than estimations when they are available. This is because exact values are more accurate and provide a clearer picture of the situation being analyzed. However, there may be situations where an exact value cannot be found and estimation must be used instead.
For example, if a student is conducting research for a school project and needs to estimate the number of trees in a forest, they might use aerial imagery or satellite data to make an estimation based on the total area of the forest and an average number of trees per unit area. In this case, the estimation would be based on the best available information and would provide a reasonable approximation of the true value.
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To improve how investors find and use information, the SEC now requires public companies, called filers, to submit their financial reports as tagged _____ files.
Select one:
a. interactive investments
b. interactive data
c. marketing
d. tax audit
The SEC now mandates public corporations, referred to as filers, to provide their accounting statements as annotated tax audit files in order to enhance ways investors access and use knowledge.
A tax audit report: exactly what is it?
The individual performing a tax audit is required to report the results in a report using particular "Audit Forms" that have been established by the department of the IRS. Documents 3CA and 3CB are required by Section 44AB. The auditor must also provide a form 3CD in addition to these two forms.
Which of the three audit kinds are they?
Internal audits, IRS audits, and external audits are the three primary categories of audits. The auditor's opinion is contained in the audit report after an independent assessment, which would be frequently carried out by Certified Public Accounting (CPA) firms.
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Agency theory would imply that conflicts are more likely to occur between management and shareholders when ______- the chairman of the board of directors is also the chief executive officer (CEO).- the company is owned and operated by the same person.- management acts in the best interests of maximizing shareholder wealth.- the board of directors exerts strong and involved oversight of management.
Agency theory would imply that conflicts are more likely to occur between management and shareholders when the chairman of the board of directors is also the CEO.
This is because the CEO would have dual roles, representing both the interests of the company and the interests of shareholders. In this situation, there may be a conflict of interest, with the CEO prioritizing their own interests over the interests of shareholders.
Agency theory argues that these types of conflicts are more likely to occur when there is a lack of oversight and control, such as when the CEO has significant power and influence within the company.
To reduce these conflicts, it is important for the board of directors to exert strong and involved oversight of management and to ensure that the interests of shareholders are protected.
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In what ways can disputing parties resolve an issue relating to an international transaction? (Check all that apply.)
Litigation or arbitration
Negotiation, mediation, or conciliation
There are several ways that disputing parties can resolve an issue relating to an international transaction, including:
Litigation or arbitration: Litigation is a legal process where a dispute is taken to court and decided by a judge. In arbitration, a neutral third-party arbitrator is appointed to make a decision about the dispute. Both litigation and arbitration can be time-consuming and expensive, but they provide a binding decision that can be enforced.Negotiation, mediation, or conciliation: Negotiation involves the disputing parties working directly with each other to find a solution. Mediation involves a neutral third-party mediator helping the parties resolve their dispute. Conciliation is similar to mediation, but the conciliator has more authority to make recommendations. These methods can be less formal and less expensive than litigation or arbitration, but they also may not result in a binding decision.Disputes between parties can arise in any type of transaction, including international transactions. When this occurs, it's important to find a solution that works for both sides.
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sam has always been fond of caviar. however, after having caviar every day for a week while on vacation, he grew tired of his favorite meal. how can economic theory help explain this change of heart?
The underlying premise of economic theory is that investors and consumers are very "efficient machines," that is, that they make the best decisions for themselves. Compared to the behavior expected in most economic theories, laboratory investigations show that investors' behavior is significantly more complex.
How do you explain economic theory?According to economic theory and research, none of the potential tools for combating nonpoint source pollution stand out as clear winners. Although there are instruments with acceptable theoretical qualities, their application in the actual world is quite difficult due to information and administrative constraints. The difficulty to measure nonpoint emissions is only one cause of these difficulties. Additionally, they arise from the intrinsic stochasticity of nonpoint pollution and the intricate, diverse, nonlinear interactions between human activities that generate nonpoint emissions and the effects of those emissions on the environment. It should come as no surprise that point sources have made pollution reduction efforts easier than nonpoint sources. In the future, attempts to improve environmental quality are probably going to place a larger emphasis on resolving the problems caused by nonpoint sources.Problem-specific computational investigations that integrate economic models with models of biophysical processes to explore second-best designs and mixtures that explicitly address not only incentive structures to induce efficient abatement but also the information and administrative costs that emerge from the inherent spatial, temporal, and technological complexity of the problem are essential to advances in the contributions of economic research.To Learn more About economic theory Refer TO:
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suppose that a firm manufactures wallets. the firm's fixed cost is $117,329, and the variable cost is $4 per wallet. if each wallet sells for $65, how many wallets need to be sold in order for the firm's profit to be $50,865?
Given, the firm's fixed cost is $117,329, and the variable cost is $4 per wallet. if each wallet sells for $65, then the total number of wallets that need to be sold in order for the firm's profit to be $50,865 are 2,750 .
Profit for this company is calculated as profit = revenue - costs, where revenue is calculated as the sales price per wallet times the quantity sold, and expenses are calculated as the fixed costs plus the variable costs per wallet times the quantity sold.
Therefore, we can solve the necessary number of wallets to be sold by setting the profit to the required profit:
$65x - (117,329 + 4x) = 50,865
$65x - 117,329 - 4x = 50,865
$61x = 168,194
2,750 wallets times x
Therefore, in order for the company to make a profit of $50,865, company has to sell 2,750 wallets.
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