Total revenue minus the total explicit and total implicit costs of production is economic profit.
Economic profit is accounting profit less implicit or opportunity costs. It is also total revenue less explicit and implicit cost.
Explicit cost is the amount used in running a business. Examples are rent and wages.
Implicit cost is the cost of the next best option that is let gone off when one option is chosen over other options. For example, a baker leaves his job to start his own business. His implicit cost is the wages he earned as a baker.
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A(n) to is any policy that is designed to reduce the competitiveness of foreign producers that wish to sell their goods or services in the domestic market.
A protectionism policy is any policy that is designed to reduce the competitiveness of foreign producers in the domestic market.
The protectionism policy helps to protect the domestic industries against the foreign competition through various means methods including
Imposition of tariffsSubsidiesImport quotasTrade restrictions.The policy of protectionism are determined by the Federal government of the country to help reduce the importation or competitiveness of foreign company in the country's market.
In conclusion, the policy is known as a protectionism policy.
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Answer:
Barrier to Trade
Explanation
Innovation is inevitable as the world constantly changes. As an entrepreneur, how can you and your business can keep up with these changes?
The different ways an entrepreneur can keep up with the innovative changes in the business world include:
Increase productivityBe well informed of the new changes and implement where necessaryImprove the customer satisfaction experience, etcAccording to the given question, we are asked to state the different ways an entrepreneur can keep up with the innovative changes in the business world and how to keep their business competitive
As a result of this, we can see that when it comes to innovation, new things are coming up everyday which helps businesses grow and gain more visibility and if an entrepreneur does not keep up with these changes, he would be left out.
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Convertibles. Barry, a new car dealer, advertised that a new brand of convertible called Wind would be available at his dealership for the price of $10,000 each. He had only three Wind vehicles, however, and when those were sold, he tried to convince shoppers to purchase a much more expensive new convertible at a price of $25,000. Kathy, a customer who decided to purchase one of the more expensive vehicles, needed financing in order to do so. She had $10,000 to pay on the car and sought a loan from ABC Bank for the remainder. She wanted the loan for a specific amount of time. ABC Bank offered her the loan and she agreed. The only information she received from ABC Bank was confirmation that she borrowed $15,000 at an 8% interest rate. After receiving several complaints, the Federal Trade Commission disapproved of Barry's action in regard to the Wind vehicles. Claiming that his advertisement was misleading, the Federal Trade Commission proceeded to issue a cease-and-desist order prohibiting deceptive advertising involving Wind vehicles and any other vehicles Barry offered for sale.
Required:
What terms references the cease-and-desist order entered by the Federal Trade Commission involving not only Barry's sales of Wind but also his sales of all other vehicles?
Answer:
Which of the following terms references the cease-and-desist order entered by the Federal Trade Commission involving not only Barry's sales of Wind but also his sales of all other vehicles? A Multiple Product Order
Explanation:
When the federal reserve announces that it is increasing the federal funds rate, it is actually going to ___________.
The federal funds rate is commonly described as the target interest rate that has been fixed by the Federal Open Market Committee (FOMC). When the federal reserve announces that it is increasing the federal funds rate, it is actually going to sell bonds on the open market until the federal funds rate rises the new target.
The target interest rate is often the rate at which commercial banks do borrow and lend their excess reserves to one other.The FOMC often meets eight times a year so as to set the standard federal funds rate.
The Federal government announces a new federal funds rate. It takes place through buying or selling bonds to influence interest rates. fed do sells bonds, and as a result the bond prices fall and interest rates rise.
Full question below
When the federal reserve announces that it is increasing the federal funds rate, it is actually going to ___________.
A. Require that banks pay higher interest rates to each other
B. Change the law on the federal funds rate
C. Buy bonds on the open market until the federal funds rate rises to the new target
D. Sell bonds on the open market until the federal funds rate rises the new target
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the graph shows the curves facing a profit maximizing monopolistic competitor. label each curve with the appropriate term.
A monopoly is a market situation in which a good or service is offered by only one company. The existence of a monopoly presupposes that there are no other exchangeable products on the market for buyers.
The conditions that can cause the creation of a monopoly are many: state legislation that prohibits other companies from operating in a market, the overwhelming superiority of a company over its competitors, the neutralization of rivals with appropriate strategies by the monopoly company, and special market characteristics that allow profitably running just one business, between others.
The monopoly company has the ability to influence the quantity or price of a good, as it wants, since it can and does control the market.
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Select the steps in financial planning. (Select all that apply) Multiple select question. define the firms organizational chart forecasting short term needs recruit employees establish financial controls develop budgets
The available steps which are part of the financial planning process for a business or an individual includes:
B. Forecasting short term needsD. Establish financial controlsE. Develop budgetsAccording to the given question, we are asked to state the available steps which are part of the financial planning process for a business or an individual.
As a result of this, we can see that the main objective of the financial planning process is to optimize the profits which the business makes. With this in mind, we can see that the steps which are
Therefore, the correct answers are options B, D and E
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If the U.S. dollar appreciates, an MNC's: a. exports denominated in foreign currencies will probably increase. b. U.S. sales will probably decrease. c. interest owed on foreign funds borrowed will probably increase. d. exports denominated in U.S. dollars will probably increase. e. All of these choices are correct.
Most likely when the U.S. dollar appreciates, the MNC's interest owed on foreign funds borrowed will probably increase.
MNC refers to Multinational corporation .
The Multinational corporation are known to borrow from foreign bodies in dollars. Hence, when the dollar appreciates, the amount owed to the foreign bodies will increase consequently.Therefore, the Option C is correct because the MNC's interest owed on foreign funds borrowed will probably increase when U.S. Dollars appreciates.
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Maren received 10 NQOs (each option gives her the right to purchase 10 shares of stock for $8 per share) at the time she started working when the stock price was $6 per share. When the share price was $15 per share, she exercised all of her options. Eighteen months later, she sold all of the shares for $20 per share. What is the amount of Maren's bargain element
Based on the information given the amount of Maren's bargain element is $700.
Using this formula
Bargain element=(Options received× Shares of stock × (Market price at exercise-Exercise price)
Where:
Options received=10
Shares of stock=10
Market price at exercise=$15
Exercise price=$8
Let plug in the formula
Bargain element=10 options× 10 shares× ($15 - $8 )
Bargain element=10 options× 10 shares×$7
Bargain element=$700
Inconclusion the amount of Maren's bargain element is $700.
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relative to those with low levels of social support, individuals with high levels of social support ________.
Social support refers to the help rendered by different institutions in society. Family members, social institutions, and religious bodies all play a vital role. Relative to those with low levels of social support, individuals with high levels of social support
Tend to tolerate stress wellExperience has shown that when individuals have supportive family members and social institutions they will respond more positively to stress. ]
This is because they will receive encouragement that will push them to forge on and not give up. This makes them stronger.
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true false Stocks, or equity securities, represent the purchase of ownership in a business corporation.
It is true that stocks or equity securities represents the purchase of ownership in a business corporation.
Stocks is also called (equity securities) and refers to the security that represents the ownership of a fraction of the corporation.
These fraction of ownership are owned by the Shareholders who wishes to own a share of the company.
So, these shareholder are paid dividend depending on how the company performs in the accounting year.
Therefore, it is true that stocks or equity securities represents the purchase of ownership in a business corporation.
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Should I stay single?
Answer: It is entirely up to you to make that decision. If you want to know, start by asking yourself if being in a relationship really worth it. Will it have a positive impact on you? If so, I say go for it. However, if your mental health isn't doing well and you're going through a lot, I'd advise you to focus on yourself first.
Explanation: Hoped I helped :)
_____ is an insignificant value per share of capital stock specified in the corporate charter. Multiple choice question. Seasoned value Treasury Stock Par value Additional Paid-in Capital
The insignificant value per share of capital stock that is been set and introduced in the charter can be regarded as par value.
Par value can be explained as the value of a single common share which is been specified by corporation's charter.This cannot be been related to the actual value of the shares.Therefore, par value is the correct term.
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When Ms. McConnley is ready to check out, she informs Samra that she does not have any cash to pay her $25 copayment. How should Samra respond?.
Samra should react professionally and sympathetically in the event that a patient, like Ms. McConnley, is unable to pay the $25 copayment.
Samra might approach the matter in the following manner:
Remain Calm and Empathetic: Speak to Ms. McConnley patiently and with an understanding of her predicament.Offer Alternative Payment Options: Mention any accessible payment plans or assistance programs, as well as alternative payment options like credit/debit cards.Ask whether she may postpone the payment due to anticipated short-term financial problems. Discuss Delayed Payment.Communication with Supervisor: If necessary, seek guidance from a supervisor, especially if the circumstance calls for special treatment.Note the Interaction: Detail the talk, any agreements, and any subsequent actions in detail in the patient's chart.Respect patient privacy by handling sensitive information discreetly and securely when recording.Share contact information with the billing department or patient financial services to get more information about payment plans and financial aid.Hence, maintaining empathy, looking for solutions, and professionally recording interactions when dealing with Ms. McConnley's condition all contribute to a patient-centered approach and accurate record-keeping for efficient healthcare administration.
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The given question is incomplete; below is the full question.
How should Samra handle the situation with Ms. McConnley? When Ms. McConnley is ready to check out, she informs Samra that she does not have any cash to pay her $25 copayment. How should Samra respond? When Ms. McConnley is ready to check out, she informs Samra that she does not have any cash to pay her $25 copayment. How should Samra respond? Is it necessary for Samra to make any notations in the patient’s chart?
for the past twenty years, curtis purchased its jewelry-cleaning kit components from evans’ suppliers, a local company that recently went out of business. as a recent hire to curtis, you are excited about the opportunity to search for a supplier. what should be your first step?
As a new Curtis hire, the first step in looking for a supplier is to explore priorities within your own company and find out which Curtis stakeholders, such as manufacturing and marketing, need a supplier.
Every organizational action comes from planning, there needs to be analysis, gathering of relevant information, evaluation of alternatives and therefore decision-making.
Therefore, the choice of a new supplier must be based on the company's needs, and the one that offers the best opportunity cost, the best price, service and quality must be chosen.
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Hurry up and help…..
Answer:
1. A luxury brand of automobile that appeals to peoples need for prestige. psychographic segmentacion
2. a company marking their range of raincoats and umbrellas just before the onset of spring. geographic segmentation
3. a company marketing its kitchen appliances to affluent woman. demographic segmentation
4. a gym offering annual memberships to regular customers at cheaper rates with added benefits. behavioral segmentation
The claim that the high school drop-out rate has increased because more women have taken jobs in the workplace would be an example of
Claims that drop-out rate has increased because more women have taken jobs in the workplace is an example of false cause fallacy.
A false cause fallacy is said to occur in a statement because the link between the premises and conclusion does not even exist.
Here, phrase one is "high school drop-out rate has increased" and phrase two is "because more women have taken jobs in the workplace"
If we assess the two phrase, we will observe that their is no link between the statement to facilitate a valid conclusion because when woman taking jobs in workplaces can not result to increase in drop rate in high school.
Therefore, it is an example of false cause fallacy.
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An exporter can shift exchange rate risk to their customers by:_________.
a. invoicing in their home currency.
b. splitting the difference, and invoicing half of sales in local currency and half of sales in home currency.
c. invoicing in their customer's local currency.
d. invoicing sales in a currency basket such as the SDR as the invoice currency.
The process of invoicing in their home currency can definitely shift an exporter exchange rate risk to their customers
An exchange rate risk refers to the risk related to fluctuations in local currency in comparison to the foreign currency.
An exporter who want to avoid the risk of exchange rate can invoice the trade in his local currency, thus, only the customer will suffer for fluctuation if any occurs.Hence, the Option A is correct because the The process of invoicing in their home currency can definitely shift an exporter exchange rate risk to their customers
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BLACK FRIDAY is related to business and finance in numerous ways and has become a very popular shopping event. Now that you have learned a little bit about the history and business strategies used for offering BLACK FRIDAY DEALS let’s put your purchasing power to the test.
-Find a gift for the person described in the scenario below using BLACK FRIDAY deals online. -Pick a gift that also stays within the BUDGET you have been given for each purchase.
-You can only use the SOURCE (i.e. store online) ONCE. For example, you can use AMAZON only one time.
-NO GIFT CARDS CAN BE USED AS A GIFT SOLUTION.
-You will need to include the following information for each person: Name of Gift Idea, Brief Description of the Gift, Website utilized, and Price of the Gift.
Donald is 38 years old and attends Culinary Arts School at Kirkwood Community College in Cedar Rapids. He would like to become a chef in Chicago someday.
BUDGET: $120.00?
Mia is five years old. Favorite play themes for Mia include Transformers and Mario.
Her favorite color is red.
BUDGET: $45.00?
Sasha has her own dog-sitting business. As an 8th grader at NW Junior High, she has many customers and little free time to really enjoy the weekend. She has a German Shepard named CALICO.
BUDGET: $100.00?
You work at Hy-Vee as a checker and your manager has been very generous with allowing you to take time off for your school activities. You decide to thank them with a small token of your appreciation.
BUDGET: $20.00?
CONGRATULATIONS! You have won a drawing for a $200 shopping spree at your favorite store. What are you buying? (Spend the whole amount, if you can).
BUDGET: $200.00?
Black Friday is the largest shopping day in the USA. Together with Cyber Monday three days later, it marks the start of Christmas shopping and many Americans start decorating for Christmas and shopping.
Many people visit parents or other relatives during Thanksgiving, which often means a trip, and they therefore do not work on Fridays, but can, for example, engage in shopping. A number of American online stores offer cheaper goods these days and then also target customers outside the United States. Many stores open early, some as early as midnight, others at 5 or 7 in the morning, and close late, for example at 11 p.m.
Although Black Friday is not an official day off in the United States, all schools and many workplaces are closed, to enable a four-day holiday with Black Friday as a so-called squeeze day.
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Asser and his partner Ali decided to start a business selling flowers called A and A Blooms. They agreed the business
objectives they would set. There are several other shops in the town and much competition. Asser and Ali had little
cash to start the shop, BUT after 5 years running, it is still open. Business objectives have changed, there are plans to
open 2 or 3 new shops, perhaps by taking over some of their competitors. The business now employs 5 workers and
uses several local flower growers as suppliers.
a) What is meant by 'business objective'?
[2]
Goals
Direction in which business Сол be succesful
b) Identify two of A and A Blooms' stakeholders, other than workers and suppliers.
[2]
Customers and Community
c) Identify and explain two likely business objectives of Blooms when the business was first established. [4]
A business objective simply refers to the results that a business wants to achieve. Having a business objective is vital for a business.
It should be noted that business objectives are the measurable results that a business hopes to maintain as the business grows.
The examples of A and A Blooms' stakeholders apart from the workers and suppliers will its shareholders and customers. Stakeholders are affected by the decisions taken by a business.
The two likely business objectives of Blooms when the business was first established include profit maximization and cost minimization.
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the total number of shares that a company may sell is referred to as
Answer: Authorised shares
Divisions of the Fed known as ________ handle almost all the checks written against a bank in one city and presented for deposit to a bank in a second city.
The division that belongs to Fed which is responsible for handling of checks written against a bank in a particular city, which also helps in presenting this check for deposit at a bank in a another city.
Check clearance can be explained as process of moving cash from a particular bank whereby a checks is drawn to the bank in which it was deposited.The division that handles this is check clearinghouses and helps as intermediate for check clearing between banks.
Therefore, check clearinghouses is the correct term.
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each of the statements shown is characteristic of a phase in the development of a competitive market industry. please classify each statement as a cause of firms exiting the market, the number of firms in the market remaining stable, or firms entering the market.
Firms would exit the market in the following circumstances:
Price is less than average cost Firms post an economic loss.The market would remain stable in the following circumstances:
No firms earn economic profitFirms would enter the market in the following circumstances:
Price is greater than average cost.Firms earn both economic profit and accounting profit.A competitive market industry is characterised by many buyers and sellers of identical goods and services. Market price is set by the forces of demand and supply.
In the long run, firms would earn only accounting profit. If a firm earns economics profit in the short run, firms would enter the industry in the long run. This would reduce economic profit to zero.
In the short run if firms earn economic loss, in the long run, firms would leave the market. As a result, economic profit would rise to zero.
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expain what is debt in a 70 word paragraph
Answer:
Debt is money one person, organization, or government owes to another person, organization, or government. Typically, the person who borrows the money has a limited amount of time to pay back that money with interest (an additional amount you pay to use borrowed money).
Answer:
Debt is amount of money borrowed by one party, from another. Debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at later date, usually with interest. In simple word it money borrowed from another, for something you can't afford. If you are in or get in debt, you owe money. If you are out of or get out of debt, you paying all the money that you owe.
Marco agrees to sell Clowns R Us some balloons. The contract states that Clowns may buy as many balloons as it wishes. This agreement is
Answer:
c
Explanation:
The agreement between Marco and Clowns R Us is an illusory contract. This is because Clowns R Us is not obligated to buy any balloons.
The contract states that Clowns may buy as many balloons as it wishes, but it does not say that Clowns must buy any balloons.
An illusory contract is not a valid contract because it lacks consideration. Consideration is something that each party gives up in order to make the contract binding.
In this case, Marco is giving up the right to sell balloons to other businesses. However, Clowns R Us is not giving up anything. It is free to buy balloons from other businesses or not buy any balloons at all.
As a result, the contract between Marco and Clowns R Us is not enforceable. If Clowns R Us does not buy any balloons, Marco cannot sue them for breach of contract.
Here are some other examples of illusory contracts:
A contract that states that one party may buy as many widgets as they wish at the price of $1 per widget.
A contract that states that one party may hire the other party for as many hours as they wish at the rate of $1 per hour.
A contract that states that one party may rent a car for as many days as they wish at the rate of $1 per day.
In all of these cases, the party that is not obligated to do anything is not giving up anything in order to make the contract binding. As a result, the contracts are not enforceable.
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In the new media world of social media, new territory has opened up for ethical challenges. What is an ethical focus question a company should ask itself before posting a piece on social media?.
The ethical-focus question that a company should ask itself before posting includes:
is this post transparent?is this post honest? is this post ethical?Ethical principles in this context refers to making sure that the post has moral and is acceptable to the public.
Hence, the ethical-focus question should includes is this post transparent? is this post honest? is this post ethical? etc
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Major investments in either tangible long-term assets such as land, or intangible assets such as patents are considered to be ______ expenditures. Multiple choice question. master
Major investments in either tangible long-term assets such as land, or intangible assets such as patents are considered to be capital expenditures.
Capital expenditures is the amount spent on the purchases, repair or maintenance of fixed assets. capital expenditures are capitalised and recorded in the balance sheet.
Fixed assets are long term assets used in the production of goods and services. They can be tangible or intangible.
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50 POINTS
Brad is not a huge fan of kids but loves to work with animals. The early childhood development pathway of the human services cluster would be a good fit for brad.
TRUE OR FALSE
yes , it's true because he actually says that he's not a huge fan of kids so he might be awkward around them but as he Loves animals he would like to be and spend time with them .
Answer:
Brad is not a huge fan of kids but loves to work with animals. The early childhood development pathway of the human services cluster would be a good fit for brad.
FALSEsrry I answered late (•-• ;)
On August 1, a $58,800, 9%, 3-year installment note payable is issued by a company. The note requires equal payments of principal plus accrued interest of $23,229.22. The entry to record the first payment on July 31 would include:
Based on the information given the entry to record the first payment on July 31 would include: Debit to Interest Expense of $5,292.00.
The appropriate journal entry to record the first payment on July 31 based on the information given is:
Journal entry
July 31
Debit Interest Expense $5,292.00
($58,800×9%)
Debit Notes Payable $17,937.22
($23,229.22-$5,292.00)
Credit Cash $23,229.22
(To record first payment)
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Yankee Candle sells 500 candles in a week for a price of $10 each and the average cost of producing each candle is $5. Yankee Candle's total revenue is
Answer:
Explanation:
2500
Which statement describes an advantage of buying a home?
A. Purchasing a home builds equity.
B. Homes depreciate over time.
C. Your landlord may force you to move.
D. Your taxes increase.