The economist who stressed the importance of innovation in the process of economic growth is Joseph Schumpeter. So, The correct answer is option A.
Schumpeter was an Austrian-American economist who is best known for his work on the role of innovation in economic development.
In his landmark book "Capitalism, Socialism, and Democracy," Schumpeter argued that innovation was the driving force behind economic growth. He believed that entrepreneurs and businesses were the key agents of change, and that their pursuit of profit through innovation was what generated economic growth and prosperity.
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gross domestic product (gdp) includes: group of answer choices intermediate as well as final goods. foreign goods as well as domestically produced goods. used goods sold in the current time period. only final goods and services.
Only finished products and services are included in the Gross Domestic Product. Here option B is the correct answer.
Gross Domestic Product (GDP) is the monetary value of all final goods and services produced within a country's borders in a specific period of time, typically a year or a quarter.
Final goods and services are those that are sold to the end consumer and are not used as inputs in the production of other goods and services.
Intermediate goods, which are used as inputs in the production of final goods and services, are not included in GDP. Foreign goods, regardless of whether they are produced domestically or abroad, are also excluded from GDP as it only measures production within the country's borders. Used goods sold in the current time period are also excluded from GDP as they do not reflect new production.
Complete question:
gross domestic product (GDP) includes: group of answer choices
A - intermediate as well as final goods.
B - foreign goods as well as domestically produced goods.
C - used goods sold in the current time period.
D - only final goods and services.
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financial accounting primarily deals with the methods accountants use to provide information to an organization’s internal users. T/F
False, the ways accountants employ to deliver information to an organization's internal users are the focus of financial accounting.
A specialist who manages bookkeeping and organizes the financial records you require to run your company, including balance sheets, profit and loss statements, and more, is an accountant. They simplify all the financial jargon associated with running a business, create tax reports, and audit your books. Corporate accountants are employed by businesses and manage and file financial data for the purpose of tax compliance and external reporting. Public accountants serve external customers who may be citizens, companies, nonprofit organizations, or governmental entities. There are no immediate plans to eliminate the accounting profession. Almost every business requires an accountant or the assistance of a third-party accounting firm, and even the average person occasionally has to hire an accountant for various reasons.
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in economics, the concept of demand is defined as the desire to own something
The statement "in economics, the concept of demand is defined as the desire to own something" is false. In economics, the concept of demand is defined as the amount of goods or services that consumers want and are able to buy at a certain price.
Demand is a central concept in economics that refers to the amount of goods or services that consumers want and are able to buy at a certain price in a certain period of time. It reflects consumers' willingness and ability to buy a product or service, and is one of the main drivers of market prices. The relationship between the price of a good or service and the quantity of that good or service that consumers are willing to buy is called the demand curve. Understanding demand is important for businesses and policy makers because it helps determine the optimal price for a good or service and the quantity to be sold in the market.
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An annual review of total compensation shows one total in the payroll database and a different total in the HR software. What should be your next step?A. Report using only the payroll database data.B. Append the data from both the payroll and HR software data.C. Report using only the HR software data.D. Determine which system has the accurate value for total compensation (system of record).
An annual examination of overall compensation reveals two totals: one in the HR software and one in the payroll database. Report utilising just the payroll database information.
The right response is C.
A payroll database: what is it?You can quickly determine your employees' salaries using a payroll data model. You need some sort of payroll solution whether you're in charge of a tiny or huge business. An effective payroll programme can help in this situation.
What kinds of payroll data are examples?Everything you can learn about your payroll process is contained in payroll data. This data could pertain to your staff members' wages, benefits, overtime, yearly leave, employee statistics, and more.
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the text describes the new english east india company, which entered the asian marketplace in 1599. how was this trading venture funded, and why were its supporters willing to finance it?
The English East India Company was owned by 101 shareholders who liked the fact that the English gov't allowed only their company to import goods.
What is import with reference to business?
An export from the sending country is an import into the receiving nation. The two financial operations that best describe international commerce are import and export.
Import quotas and orders from the customs authorities' set limits on how much merchandise may be imported and exported in international trade. The countries responsible for importing and exporting the commodities may apply a tariff (tax) on them. Additionally, trade agreements between the importing and exporting states govern the importation and exportation of commodities.
Imports are transactions in which non-residents sell products and services to a resident of a jurisdiction (such as a country).
[4] Specific "borderline" situations are both included and excluded from the precise definition of imports in national accounts.
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if i have to design a program to ask a series of questions to a customer to suggest a movie from the company's library, will it be a rule based approach or a learning based approach?
If I had to create a program to ask a consumer a collection of questions to recommend a movie first from company's library, I would use a learning-based strategy.
a strategy based on learning
In this method, the computer obeys any guidelines or directives provided by the developer. With this method, the computer picks up knowledge on its own. By using rule-based methods, AI is created in this method. The machine learning method is used in this strategy to achieve AI.
Describe a rule-based strategy.
A system that uses rules created by humans to store, sort, and manipulate data is known as a rule-based system. It imitates human intelligence in accomplishing this. A collection of information or a data source, as well as a slew of guidelines for modifying that data, are necessary for regulation systems to operate.
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3. is fedex’s level of emphasis on quality appropriate? why or why not?
Yes, FedEx's level of emphasis on quality is appropriate. FedEx has developed a strong culture of quality and customer service, which is one of the hallmarks of their business.
Their commitment to quality is evidenced by their investments in technology, training and processes to ensure that each customer has a consistent, high quality experience.
Furthermore, they have a comprehensive set of quality standards that they use to measure the performance of their employees, as well as their service offerings. These standards help ensure that their customers receive the best possible service and experience, which is essential for their success.
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summarize the rules for using binomial nomenclature
Answer:
Explanation:
The system of binomial nomenclature was incorporated by Carl Linnaeus. Multiple local names make it extremely tough to know an organism globally and keep a track of the number of species.
Therefore, it shows a lot of confusion. To get rid of this confusion, a standard protocol came up. As per , each and every organism would have one scientific name which would be used by everyone to determine an organism. This process of standardized naming is called as Binomial Nomenclature.
Each living species comprising plants, animals, birds and also some microbes have their own scientific names. For instance.,
The scientific name of the tiger is showed as Panthera tigris. ‘Panthera’ represents the genus and ‘Tigris’ presented a specific species or specific epithet.
The scientific name of humans is showed as Homo sapiens. ‘Homo’ represents the genus and ‘sapiens’ represents a specific species. The Indian bullfrog is scientifically written as Rana tigrina. ‘Rana’ is the name of the genus and ‘tigrina’ is the name of the particular species.
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What should be the rectifying entry for ₹3, 50,000 spent on a family trip enjoyed by Mr. Khanna and recorded them by debiting to Office Expenses A/c?
a) Drawings A/c Dr. 3,50,000
To Cash A/c 3, 50,000
b) Drawings A/c Dr. 3,50,000
To Office Expenses A/c 3, 50,000
c) Office Expenses A/c Dr. 3,50,000
To Drawings A/c 3, 50,000
d) Cash A/c Dr. 3,50,000
To Office Expenses A/c 3, 50,000
The rectifying entry for this wrong entry will be option -
(b) Drawing a/c dr 350000
to office expense 350000
what's the rectification entry?
when an blunders is dedicated within the books of bills the identical must be corrected to expose genuine numbers in monetary statements. If the error is without delay diagnosed it is able to be constant by hanging out the wrong access and replacing it with a accurate one. Such access is called a rectification access.
we are able to rectify these by way of passing a journal entry giving the ideal debit and credit to the debts. so as to rectify an blunders, we need to cancel the effect of wrong debit or credit by using reversing it and repair the impact of correct debit or credit score.
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an engineer in 1950 was earning $6,000 a year. in 2020, she earned $80,000 a year. however, on average, prices in 2020 were higher than in 1950. what was her real income in 2020 in terms of constant 1950 dollars? use the data in table 5.8.
According to the data, the real income in 2020 is $ 7633.59. As inflation increases prices also, the prices also increase.
What do you mean by real income?Real income, also known as real pay when referring to an individual's income, is the amount of money that an individual or entity makes after taking inflation into account.
To have the best knowledge of their purchasing power, people frequently closely monitor the difference between their nominal and actual income.
Real income is an economic metric that estimates a person's actual purchasing power in the free market after taking inflation into account.
Here,
Calculation of real income:
RI = Income in the current year × (Income in 1950 / Income in 2020)
RI = 80,000 × ( 25 / 262)
RI = $ 7,633.59
Increase in income = Real income in 2020 - Income in 1950
Increase in income = 7,633.59 - 6000
Increase in income = $ 1,633.59
Therefore, according to the data, the real income in 2020 is $ 7633.59. As inflation increases prices also, the prices also increase.
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The complete question is attached with it.
Which list records can be updated with new information via importing?A. Products and ServicesB. CustomerC. VendorD. Chart of accounts
Products and Services, Customers, and Chart accounts are among the records that can be changed with fresh information via importing. The proper answers are (a), (b), and (d).
How is the information loaded in a particular order?To ensure that the data imports successfully, the data is imported in a certain order. Customers, Supplier, Products as well as Services, Invoice and Bills are in the proper order. The files must contain a unique identifier attribute for each item in order to update already-existing data, associate records, and prevent duplicate entries.
A chart of accounts (COA) comprises a list of financial accounts created for an organization, typically by an accountant, and made available to the bookkeeper for use in recording transactions in the general ledger.
Accounts can be added as needed to the chart of accounts; they are typically not removed, especially if a transaction has already been posted to the account or if the balance is not zero.
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match the form of competition with its correct example.
The form of competition in oligopoly market with its correct example are matched below:
pure competition - wheat, grains, and rice
monopolistic competition - coffee, tea, soft drinks
An "oligopoly" is a term used to describe an economic sector with few active businesses. A few significant sellers or producers control the majority of the market or industry in this market structure, known as an oligopoly. Oligopolies frequently form in order to boost profits, which may lead to corporate cooperation. Markets that are dominated by oligopoly suppliers are under their control. They are found in all countries and a wide variety of sectors. Although they may initially seem to be competitive, certain oligopoly marketplaces are significantly less so.
oligopoly: natural gas, wireless carriers
Water and electricity monopolies
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complete question:
match the form of competition with its correct example. instructions pure competition pure competition drop zone empty. monopolistic competition monopolistic competition drop zone empty. oligopoly oligopoly drop zone empty. monopoly monopoly drop zone empty. coffee, tea, soft drinks cell phone carriers water, electricity, natural gas wheat, grains, and rice
Researchers wish to study the market of organic milk. If the income of the consumers is higher than last year, what type of change is likely to happen?
a. a rightward shift of the supply curve
b. a leftward shift of the supply curve
c. a rightward shift of the demand curve
d. a leftward shift of the demand curve
Rightward shift of the demand curve type of change is likely to happen. If the determinant causes demand to rise, the curve shifts to the right.
This means that even though the price remains unchanged, more of the good or service is demanded. Buyers' incomes will rise when the economy is booming. The demand curve depicts the relationship between Rightward shift the price of a good or service and the quantity demanded over a given time period. A typical representation will show the price on the left vertical axis and the quantity demanded on the horizontal axis. The law of demand explains the functional relationship between a commodity's price and demand. The demand curve is the most important tool for explaining this relationship.
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mlo delaney has started an application for applicant cole. it is a violation of trid if she collects any fees before she provides cole with a loan estimate with the exception of the collection of a(n)
The incorrect application of the daily interest component, the application of penalty costs that exceed TILA limits, and the creditor's failure to appropriately disclose the APR and financing charge are a few instances of TILA violations.
What Is the Truth in Lending Act (TILA)?The Truth in Lending Act (TILA) is a federal statute that was passed in 1968 to aid in defending customers while dealing with creditors and lenders. Federal Reserve Board regulations have been used to execute the TILA.The annual percentage rate (APR), the length of the loan, and the overall costs to the borrower are some of the information that must be revealed to a borrower before giving credit. This information must be clearly displayed on all documents that the borrower is presented with before signing them, as well as occasionally on the periodic billing statements that the borrower receives.To Learn more About TILA limits Refer TO:
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what is a good technique for justifying negative information presented to a customer?
To justifying negative information presented to a customer we can use positive emphasis as a good technique. First of all we have to Avoid negative words or also connotations while presented to a customer.
In the term of customer services, Positive emphasis generally can be defined as a way of looking at things. Positive emphasis is used especially when we are presented to a customer. In the term of justifying negative information presented to a customer, we have to avoid using negative words. And then we have to justify the negative info with reason or by linking it to an audience benefit.
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What might happen if a monopolist increased output of its product each week?
If a monopolist increased output of its product each week, The price of the good would eventually fall and so would revenue.
About monopolistic marketA monopolistic market is a market with many producers producing the same commodity but with different characteristics. Monopolistic markets generally occur in all markets, both traditional and modern. This market structure is a form of real market, with characteristics of monopoly market types and perfect competition markets.
A monopolistic market is a market with many producers that produce commodities with different characteristics. In this type of market, producers offer one type of product with different product characteristics in terms of quality, shape and size.
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Management involves coordinating and overseeing the work activities of others so their activities are completed efficiently and effectively. Efficiency means that subordinates are ________.A. using any resources they need to get the job done; in other words, whatever it takes
B. increasing the production time in a manufacturing environment to ensure quality
C. doing what they want—pursuing goals that they believe might be important in the future
D. unconcerned with clients' rigorous demands; their role is primarily to cut costs by all means
E. getting the most output from the least amount of inputs or resources, and doing those work activities that will result in achieving goals
The concept is Management, the process of dealing with or controlling things or people. The answer is option E.
Getting the most output from the least amount of inputs or resources, and doing those work activities that will result in achieving goals.
Efficiency is often the measurable ability to avoid materials, energy, effort, money, and time in order to do something or achieve the desired result. Management can be defined as the process of performing the work or activities required to achieve the organization's goals effectively and efficiently.
The process includes management functions. Management is the process of directing the development, maintenance, and allocation of resources to achieve organizational goals.
Managers are the people within the organization who are responsible for the development and implementation of this management process.
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Assuming the business income allocated to mason is income from a specified service trade or business, what is mason's deduction for qualified business income? ignore the wage-based limitation when computing the deduction.
Under the Tax Cuts and Jobs Act (TCJA), the deduction for eligible business income is subject to different restrictions and is dependent on a number of variables, including the nature of the business, taxable income, and other specifics that are not disclosed.
The further information, to calculate Mason's deduction for eligible business income.
An cost that may be deducted from a taxpayer's gross income to lower the amount of income that is subject to taxation is known as a deduction.
There are 19 different ways to take advantage of tax deductions, including loans, life insurance, and public provident funds.
The standard deduction, itemised deductions, and above-the-line deductions are the three types of deductions.
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what technique did william levitt apply to the home-building industry? question 1 options: building with lumber from south america using computers to create production schedules buying building materials from european countries mass-producing houses to speed up production
William Levitt accelerated output in the housing business through the home-building industry.
What is a home-building industry?
The homebuilding sector in the US includes some of the biggest residential construction firms that are publicly traded. All of these businesses follow a similar operational strategy, which entails buying land and then carrying out improvements to it through the building.
Single-family, prefabricated, and mobile house construction is handled by specialists in the homebuilding sector. A large portion of the sector frequently uses specialist contractors to consolidate operations. Improvement fittings like window frames and plumbing supplies are not included in the industry's published revenue totals in the US.
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Economics studies choices that arise from one fact. What is that fact? O A. Our resources are unable to satisfy all our wants. OB. Some families are too big. O c. Businesses produce too many varieties of most goods. OD. Some things can't be bought in the marketplace
The fact that economics studies are: "Our resources are unable to satisfy all our wants." This concept is known as scarcity, and it is the fundamental principle that underlies all economic activity.
Scarcity means that there are limited resources available to meet unlimited wants and needs, so choices must be made about how to allocate these resources most efficiently and effectively as possible.
If you have more wants than income then it can lead to dissatisfaction with your self and can lead you to lose your money. This choice is the central concern of economics, and it drives the study of topics such as production, consumption, exchange, and distribution.
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what are the advantages of cisco’s strategic alliances? what are the risks to cisco? to the suppliers?
Cisco's Strategic Alliances refer to the partnerships and collaborations that the technology company has established with other companies to achieve mutual business goals. These alliances can provide a variety of benefits for both Cisco and its partners, as well as help the company manage certain risks.
Advantages for Cisco:
Expanded reach and access to new markets: By partnering with other companies, Cisco can access new customer bases and markets that it may not have been able to reach on its own.
Enhanced product offerings: Strategic alliances can also allow Cisco to offer a wider range of products and services to customers, which can increase the company's competitiveness and appeal.
Sharing of resources and expertise: Cisco can also benefit from the resources and expertise of its alliance partners, which can help the company develop new products and services more efficiently.
Risks for Cisco:
Dependence on partners: By relying on its strategic alliances, Cisco may become dependent on its partners to a certain extent, which can put the company at risk if the partnership were to end or if the partner were to encounter problems.
Competition with partners: In some cases, Cisco's strategic alliances may result in competition with its partners, which can be detrimental to the relationship and potentially harm the company's reputation.
Risks for suppliers:
Reduced bargaining power: By working with Cisco, suppliers may see their bargaining power reduced, as the company may have more leverage in negotiations.
Loss of control over product quality: Suppliers may also lose control over the quality of the products they provide to Cisco, as the company may impose its own quality standards on the products.
In conclusion, Cisco's strategic alliances provide the company with a number of benefits, such as expanded reach and access to new markets, enhanced product offerings, and sharing of resources and expertise. However, there are also risks associated with these alliances, such as dependence on partners, competition with partners, reduced bargaining power for suppliers, and loss of control over product quality.
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Which of the following summarizes the financial performance of an organization over a period of time?
Group of answer choices
a. Balance sheet
b. Liquidity ratio
c. Cash flow statement
d. Income statement
e. Debt statement
A company's ability to employ resources from its main line of business and create income is measured subjectively by its financial performance.
The phrase is also employed as a broad indicator of a company's overall financial health over a specific time frame. Sales revenue is displayed at the very top of the income statement, which depicts the performance of the company during each period. Gross profit is then calculated by subtracting the cost of goods sold (COGS) from the statement. The balance sheet, also known as the Statement of Financial Position, acts as a snapshot and gives the most thorough account of a company's financial condition. The assets (what an organization owns) and liabilities are reported (what is owed).
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what are some advantages and disadvantages of working at high and low levels of abstraction?
Working at high levels of abstraction has the following advantages:
Clarity: High-level abstractions provide a clear and concise overview of complex systems and processes, making them easier to understand and communicate.
Flexibility: High-level abstractions can be more flexible than low-level details, allowing for easier changes to be made to the overall system without affecting the underlying details.
Reusability: High-level abstractions can be easily reused in other systems, reducing development time and effort.
Disadvantages:
Lack of detail: High-level abstractions do not provide the level of detail necessary for implementation, making it difficult to fully understand how a system works.
Performance issues: High-level abstractions can sometimes lead to performance issues, as they may add additional overhead to the underlying system.
Limitations: High-level abstractions can also have limitations in terms of the number of scenarios they can handle, making it necessary to switch to a lower level of abstraction for certain tasks.
Working at low levels of abstraction has the following advantages:
Detail: Low-level abstractions provide a detailed understanding of the underlying system, making it easier to implement and debug.
Performance: Low-level abstractions can provide better performance, as they do not add additional overhead to the underlying system.
Control: Low-level abstractions provide more control over the underlying system, allowing for more fine-tuned adjustments.
Disadvantages:
Complexity: Low-level abstractions can be complex and difficult to understand, making it difficult to communicate and collaborate with others. Rigidity: Low-level abstractions can also be rigid, making it difficult to change the underlying system without affecting the details.
Repetitiveness: Low-level abstractions can also lead to repetitive and time-consuming tasks, as they require more attention to detail.
In general, the level of abstraction used should be chosen based on the specific requirements of the task at hand. It's often useful to start with a high-level abstraction and then switch to a lower level of abstraction as needed.
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for the given cash flows, suppose the firm uses the npv decision rule. year cash flow 0 –$ 157,300 1 74,000 2 87,000 3 46,000 a. at a required return of 9 percent, what is the npv of th
At return of 9 percent, the project's net present value (NPV) is as follows: NPV = -$157,300 + $74,000/1.09 + $87,000/1.092 + $46,000/1.093 NPV = $19,336.51. Hence, the NPV is positive, so we would accept it.
What does net present value mean?According to Knight, "Net present value is the present value of the cash flows at the project's needed rate of return compared to your initial investment." It's a way to determine your return on investment, or ROI, for a project or expense, in more concrete terms.
What does a greater NPV mean?A larger Net Present Value indicates that an investment might be profitable, which is always taken into account when making investment decisions. An investment would have a future cash flow greater than the sum of money invested in the project with a higher NPV.
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What are 2 features QuickBooks Time Elite has that Premium does not? Ability to set up a schedule for work that needs to be done Ability to analyze project estimates verses actuals
Ability to track time off Ability to approve time before processing payroll Ability to use geofencing
QuickBooks Time Elite contains two features that QuickBooks Time Premium does not: Capability to compare project estimates to actuals Geofencing functionality.
QuickBooks Online Accountant is accounting software for accountants and bookkeepers that is hosted in the cloud. It includes facilities for managing many clients, balancing finances, tracking costs, producing invoices, and filing tax returns, among other things. QuickBooks Online Accountant also includes capabilities for communicating with customers and other team members, including as messaging, project creation, certification tracking, and user activity monitoring. The program connects with other applications and services, allowing for simple data import and export, job automation, and process streamlining.
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when quantity supplied is greater than quantity demanded, there is a
When quantity supplied is greater than quantity demanded, there is a excess supply.
An excess supply, economic surplus, market surplus, or simply surply is a scenario in economics in which the quantity of an item or service supplied exceeds the quantity sought, and the price is higher than the equilibrium level established by supply and demand.
That is, the amount of product that producers want to sell surpasses the amount of product that potential purchasers are willing to buy at the current price. It is the inverse of an economic scarcity (excess demand).
Agricultural surplus in the Neolithic period is said to have resulted in increased division of labor, leading in social stratification and class in cultural progress.
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you are planning to deposit in a savings account $25,000 three years from now, $35,000 in the fourth year, and $45,000 in six years. what is the current value of these savings at a discount rate of 7%? group of answer choices $88,265.13 $72,050.63 $77,094.18 $34,330.28 $82,490.77
The current value of these savings at a 7% discount rate can be calculated using the formula for the present value of a future sum:
PV = FV / (1 + r)^t
Where PV is the present value, FV is the future value, r is the discount rate, and t is the time in years.
PV = $25,000 / (1 + 0.07)^3 + $35,000 / (1 + 0.07)^4 + $45,000 / (1 + 0.07)^6
PV = $25,000 / 1.2127 + $35,000 / 1.2869 + $45,000 / 1.4824
PV ≈ $19,665.08 + $26,809.24 + $30,347.96
PV ≈ $76,822.28
So the current value of these savings is approximately $76,822.28.
What is the current value of savings?
The current value of savings is the value of money that you have saved today, adjusted for inflation and the time value of money. The current value takes into account the fact that money today is worth more than the same amount of money in the future, due to the opportunity cost of not using it and the expected rate of inflation. To determine the current value of savings, you need to know the amount of money saved, the expected rate of inflation, and the length of time over which the savings will be held.
Here, answer is the current value of these savings is approximately $76,822.28.
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Which of the following are tax-deductible expenses for corporations?
(Points : 0.1) Interest expenses
Preferred stock dividends
Common stock dividends
All are tax-deductible for corporations.
Interest expenses are counted as tax-deductible expenses by the regulatory and taxation authorities.
In the fields of finance and economics, interest is the payment made at a set rate by a borrower or deposit-taking financial institution to a lender or depositor in excess of the principal amount (the amount borrowed). It is not the same as a fee that the borrower might pay to the lender or another entity. It also differs from a dividend, which is money given to shareholders (owners) by a company from its profit or reserve, but not at a set rate predetermined in advance, but rather on a pro rata basis as a share of the reward received by risk-taking businesspeople when revenue is earned that exceeds all costs.
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production possibility frontier sounds like a(n) _________________________. normative statement opportunity cost sunk cost budget constraint
In effect, the production possibilities frontier plays the same role for society as the budget constraint plays for an individual consumer.
Effective use of the initial inputs results in the manufacturing process and outcome (or factors of production). The three main production factors—land, labour, and capital—are referred to as primary producers of goods and services. These crucial inputs are not significantly altered during the output process or turned into important components of the finished product. Given that they are byproducts of land, labour, and capital, materials and energy are categorised as secondary factors in classical economics. Further research demonstrates that the fundamental elements encompass all of the resources in question, including the land and the natural resources present on and beneath the soil. There are distinctions between labour and human capital, though.
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the apple marketing department has estimated demand for a new device and expects to sell 2 million units at a price of $310 each. it costs $50 million each year to run the factory, independent of the level of production. labor and components for each device add up to $210 per unit. apple's marginal tax rate is 0.34, and the annual depreciation attributable to the project is $40 million. attempt 1/10 for 1.5 pts. part 1 what is ebit in each year of operation (in $ million)?
In each year of operation, Apple's EBIT (Earnings Before Interest and Tax) would be:
EBIT = (2,000,000 x $310) - ($50M + (2,000,000 x $210)) - ($40M x 0.34)EBIT = $440M - $420M - $13.6MEBIT = $6.4MTo calculate Apple’s EBIT for each year of operation, we need to subtract the total cost of production from the total revenue generated. The total revenue generated is the price of each unit multiplied by the number of expected units sold, which in this case is 2,000,000 x $310 = $620,000,000.
The total cost of production is the cost of running the factory each year, independent of the production level ($50,000,000), plus the cost of labor and components for each device ($210 x 2,000,000 = $420,000,000), plus the annual depreciation attributable to the project multiplied by Apple’s marginal tax rate (0.34 x $40,000,000 = $13,600,000).
When we subtract the total cost of production from the total revenue generated, we get the EBIT for each year of operation: $620,000,000 - $420,000,000 - $13,600,000 = $6,400,000.
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