5. calculating tax incidence suppose that the local government of raleigh decides to institute a tax on soda consumers. before the tax, 35 billion liters of soda were sold every year at a price of $10 per liter. after the tax, 30 billion liters of soda are sold every year; consumers pay $15 per liter (including the tax), and producers receive $7 per liter. the amount of the tax on a liter of soda is $ per liter. of this amount, the burden that falls on consumers is $ per liter, and the burden that falls on producers is $ per liter. true or false: the effect of the tax on the quantity sold would have been the same as if the tax had been levied on producers. true false
Answers
The given assertion " The effect of the tax on the quantity sold would have been larger if the tax had been levied on producers." is False. because the effect of fiscal and tax policies on the financial design is regularly evaluated utilizing the taxation rate.
The proportion of duties gathered in a given period to the complete item. the effect of the tax on the quantity sold could not have possibly been bigger if the expense had been exacted on makers.
The weight of the assessment and the subsequent change in amount would be equivalent whether or not the duty is imposed on makers or customers, accepting that the market is serious and there could be no different twists.
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Related Questions
What is the velocity of money in this economy?
Answers
The Money exchange rates in an economy are gauged by the concept of velocity of money. GDP is divided by the money supply using the velocity of money equation. The velocity of money formula calculates how frequently one unit of the money supply is exchanged for goods and services within an economy.
The rate at which money in circulation is spent on goods and services can be determined by looking at the velocity of money. Investors and economists use it to assess the strength and vitality of an economy. A healthy, growing economy is typically correlated with high money velocity.
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£200 is invested quarterly in a savings account at an annual rate of interest of 4.5% compounded quarterly. How much money is in the account at the end of 4 years?
Answers
To calculate the amount of money in the account at the end of 4 years, we can use the formula for compound interest:
Future Value = Present Value * (1 + (Interest Rate / Compounding Frequency))^(Number of Years * Compounding Frequency)
Given:
Present Value (PV) = £200
Interest Rate = 4.5%
Compounding Frequency = Quarterly
Number of Years = 4
Using the formula, we can calculate the future value:
Future Value = £200 * (1 + (0.045 / 4))^(4 * 4)
Let's calculate it step by step:
1 + (0.045 / 4) = 1.01125 (rounded to five decimal places)
(4 * 4) = 16
Future Value = £200 * (1.01125)^16 ≈ £200 * 1.1937 ≈ £238.74
Therefore, at the end of 4 years, there will be approximately £238.74 in the savings account.
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free creditsssssssssssssssssssssssssssss
Answers
Answer:
ty
Explanation:
the original cost of the asset less the accumulated depreciation is the
Answers
Answer:
Book value
Explanation:
The Net Cost is the derived after the accumulated depreciation is deducted from original cost of the asset.
The Net cost is what is been derived after taking into account depreciation on the assets.
In other word, the Net cost refers to the gross cost of an object which is reduced by any expenses incurred from owning the object.
The Net cost will be derived after the gross cost of an office equipment minus the its salvage value.
Therefore, the Net Cost is the derived after the accumulated depreciation is deducted from original cost of the asset.
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President reagan implemented a policy of supply-side economics, what did this mainly entail?
Answers
Supply-side economics aimed to stimulate economic growth by cutting taxes and regulations, encouraging investment, and increasing the supply of goods and services.
Reaganomics, or supply-side economics, aimed to expand the availability of products and services by lowering taxes and regulations. The rationale behind tax cuts was that they would give people and businesses more money to invest and spend, which would stimulate economic development, especially for the rich and large firms.
Additionally, it was believed that by decreasing rules, firms would be able to run more successfully and generate more employment. Critics of the strategy contended that it largely benefitted the rich and increased economic disparity.
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why is research and development not considered intangible assets
Answers
Research and development (R&D) is not considered an intangible asset because it does not meet the criteria for recognition as an asset under accounting standards.
To be recognized as an intangible asset, an item must meet certain criteria, including:
Identifiability: The asset must be capable of being separated or divided from the entity and sold, transferred, licensed, rented, or exchanged.
Control: The entity must have control over the future economic benefits arising from the asset.
Measurability: The cost or value of the asset must be reliably measurable.
Research activities involve the generation of new knowledge and the exploration of new ideas, but they do not result in identifiable and measurable assets that meet the above criteria. Research is typically considered a preliminary stage that precedes development.
Development, on the other hand, involves the application of research findings or other knowledge to create new or significantly improved products, processes, or services. Development expenditures may be capitalized as intangible assets if they meet the recognition criteria. However, ongoing research and development costs are generally expensed as incurred since they do not meet the criteria for capitalization as intangible assets.
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Improvements in technology have allowed schools to use electronic books rather than original textbooks. Electronic books have _________ in supply.
a. increased
b. decreased
Answers
Improvements in technology have allowed schools to use electronic books rather than original textbooks. Electronic books have increased in supply. Option A
What are electronic books?E-books, or electronic books, are digital files including text and images that may be distributed electronically and displayed on screens in a way that is comparable to a traditional book.
eBooks are portable and light, making them simple to transport. A single eBook reader may store thousands of eBooks, saving you from lugging many heavy books. Both in your house and your purse, it frees up a lot of room. Concerning the storage cap, one should not worry.
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At a minimum, the duty of care of the accountant entails compliance with which of the following?
A. Generally acknowledged accounting principles only
B. Generally acknowledged auditing standards only
C. Generally excepted accounting principles only
D. Generally excepted auditing standards and generally acknowledged accounting principles
E. Generally excepted accounting principles and generally excepted auditing standards
Answers
The duty of care of the accountant entails compliance with a (d) combination of generally acknowledged accounting principles and generally excepted auditing standards. Generally acknowledged accounting principles (GAAP) are a set of guidelines and standards used in financial reporting that are recognized by accounting professionals and regulatory bodies.
Compliance with GAAP ensures that financial statements are accurate, consistent, and transparent, which helps to protect the interests of stakeholders and ensure the integrity of financial information.
On the other hand, generally excepted auditing standards (GAAS) are a set of guidelines and standards that auditors use to conduct their work. Compliance with GAAS ensures that auditors conduct their work with integrity, objectivity, and professional skepticism, and that their work is conducted in accordance with the requirements of the audit engagement.
In summary, the duty of care of the accountant entails compliance with a combination of GAAP and GAAS. Compliance with GAAP ensures accurate financial reporting, while compliance with GAAS ensures that auditors conduct their work with integrity and in accordance with professional standards. It is important for accountants to adhere to these standards to ensure that they meet their obligations to their clients and other stakeholders.
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Who Is Roy Blunt wife Abigail Perlman Blunt?
Answers
Roy Blunt's wife is Abigail Perlman Blunt. Abigail Perlman Blunt is a lobbyist for Kraft Foods and is married to Roy Blunt, a Republican Senator from Missouri. The couple has been married since 2003 and have four children together.
Abigail Perlman Blunt is a lobbyist and political consultant who has worked on several political campaigns, including those of George W. Bush and Mitt Romney. He served in the Senate from 2011 to 2023, and previously served as a member of the United States House of Representatives from 1997 to 2011.
During his time in Congress, Blunt was a member of the Party and held several leadership positions, including serving as Chairman of the Senate Republican Policy Committee and as a member of the Senate Republican leadership team. Blunt also served on several committees, including the Senate Committee on Appropriations and the Senate Committee on Rules and Administration.
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Who plans, coordinates, and controls a project's progress, or a portion thereof? Group of answer choices Architect Civil engineer Project manager The funding bank
Answers
Answer:
Project manager
Explanation:
The project manager is a person who holds a manager position in an organization. His or her duty is to do the planning, coordinates, communicates with the team members, employees regarding the work and also controls the progress of the project. He or she should well aware of how much project is pending and how much it is completed
Hence, the correct option is third.
As owner of Swiftcycle Courier Services, write a sales message to prospective customer Florian Heinz, president of Frontier Equity Mutual. Your ten-year-old company provides bicycle courier services at highly competitive rates to a large number of businesses, including six other tenants of First Canadian Place in downtown Toronto’s financial district, where the head office of Frontier Equity Mutual is located. For the next three months, you are offering an introductory special to new clients, which entitles them to a 15 per cent discount on all envelope and small-package courier services. Your radio-dispatched delivery personnel are fully bonded and are experts at time-critical delivery. Online ordering is also one of the services you offer. Size up your prospect, then write a letter to Florian Heinz.
Answers
Here's an example sales message to Florian Heinz, president of Frontier Equity Mutual, that includes the given terms:
Dear Florian Heinz,As the owner of Swiftcycle Courier Services, I wanted to reach out to you to see if we can help your company with our courier service. Our ten-year-old company provides bicycle courier services at highly competitive rates to a large number of businesses, including six other tenants of First Canadian Place in downtown Toronto’s financial district, where your head office is located.
We know that you require critical delivery services from a company that can be relied on to get your important documents to their destination on time.That's why we're excited to offer an introductory special to new clients like you. For the next three months, you can take advantage of our 15% discount on all envelope and small-package courier services. This is a great opportunity for you to try our services at a reduced rate and see how Swiftcycle Courier Services can make your deliveries more efficient.Our radio-dispatched delivery personnel are fully bonded and are experts at time-critical delivery. We know how important it is to get your documents delivered on time, and we guarantee that our team will work hard to make sure that your package arrives when you need it.
In addition, we also offer online ordering services, which makes it easy for you to place your orders and track your deliveries online.We believe that Swiftcycle Courier Services can be a valuable partner for your business. Please feel free to contact us at your convenience to discuss your courier service needs.
Thank you for considering us as your courier service provider.
Sincerely,[Your Name]
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Altair,Inc., gathered the following data from its accounting records for the year ended December 31, 2006:
Sales $750,000
Gain on sale of investments 5,000
Cost of goods sold 450,000
Depreciation expense 25,000
Other operating expenses 198,000
Loss on sale of plant assets 2,000
Income tax expenses 24,000
Net income 56,000
Increases (decreases) in selected account balances:
Cash $ 7,000
Accounts receivable 80,000
Inventory (35,000)
Prepaid expenses 2,000
Accounts payable 75,000
Accrued liabilities (10,000)
Income taxes payable 8,000
Prepare the operating activities section of Altair's 2006 statement of cash flows using BOTH the direct method and the indirect method.
Answers
Both the direct and indirect methods result in the same net cash provided by operating activities of $29,000.
Direct Method:
Cash received from customers = Sales - Increase in accounts receivable
= $750,000 - $80,000
= $670,000
Cash paid for merchandise = Cost of goods sold + Decrease in inventory - Increase in accounts payable
= $450,000 + $35,000 - $75,000
= $410,000
Cash paid for operating expenses = Other operating expenses + Depreciation expense + Increase in prepaid expenses + Decrease in accrued liabilities
= $198,000 + $25,000 + $2,000 - $10,000
= $215,000
Cash paid for income taxes = Income tax expenses - Increase in income taxes payable
= $24,000 - $8,000
= $16,000
Net cash provided by operating activities = Cash received from customers - Cash paid for merchandise - Cash paid for operating expenses - Cash paid for income taxes
= $670,000 - $410,000 - $215,000 - $16,000
= $29,000
Indirect Method:
Net income = $56,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense = $25,000
Loss on sale of plant assets = $2,000
Gain on sale of investments = ($5,000)
Decrease in inventory = $35,000
Increase in accounts receivable = ($80,000)
Increase in prepaid expenses = ($2,000)
Increase in accounts payable = $75,000
Decrease in accrued liabilities = ($10,000)
Increase in income taxes payable = $8,000
Net cash provided by operating activities = $56,000 + $25,000 + $2,000 - $5,000 + $35,000 - $80,000 - $2,000 + $75,000 - $10,000 + $8,000
= $29,000
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What is the maximum output that the economy can sustain over a period of time called? O A. productive capacity O B. economic output O C. controlled incentive O D. maximum spending
Answers
Answer:
A. Productive capacity
Explanation:
influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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how does tariffs impact employment?
Answers
Answer:
mark me as a brainlist answee
Explanation:
The levying of tariffs is often highly politicized. The possibility of increased competition from imported goods can threaten domestic industries. These domestic companies may fire workers or shift production abroad to cut costs, which means higher unemployment and a less happy electorate.
You are planning to save for retirement over the next 44 years. To do this, you will invest $500 a month in a stock account and $300 a month in a bond account, beginning one month from today. The return on the stock account is expected to be 9.6 percent, and the bond account will pay 5.4 percent. When you retire, you will combine your money into an account with a 5 percent return. You plan to make equal monthly withdrawals for 30 years from your retirement account beginning one month from your date of retirement. You also plan to leave $5 million as bequest to your beneficiaries. Calculate the amount of your monthly withdrawals.
Answers
Answer:
MILLONS
Explanation:
Honesty is an example of a value.
True
False
Answers
Answer:
True
Explanation:
Honesty is a value
:)
Answer: true, personally not sure if this is for edge or not
Explanation:
yeah
how many tines in earth does the sun intersect equartor
Answers
Answer:
два
Explanation:
Which of the following is a country which operates under a traditional economy?
O North Korea
O Cuba
O Ecuador
O Sweden
Answers
Answer:
Dont worry about me, I just added this answer so the other person can get their brainliest because they definetly deserve it
Answer:
The answer is Ecuador :)
The "P" of marketing, which includes shipping, transportation, storage, logistics, and supply-chain management, is known as:
Answers
In the context of marketing, "Place" is the component that encompasses all the aspects related to the distribution of a product, from shipping and transportation to logistics and supply-chain management.
the "P" of marketing which includes shipping, transportation, storage, logistics, and supply-chain management, is known as "Place." the "4 P's" of marketing are product, price, promotion, and place. Place refers to the distribution of the product, including shipping, transportation, storage, logistics, and supply-chain management. It is important to ensure that the product is available in the right place, at the right time, and in the right quantity. understanding the importance of place in the marketing mix can help businesses effectively distribute their products and reach their target audience. By considering the logistics of distribution, businesses can ensure that their products are easily accessible and readily available to consumers.
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which of the following statements is true about the relationship between business processes and information systems? group of answer choices information systems incorporate all business process activities and hence, should be developed before business processes. the relationship between business processes and information systems is one-to-one. developing information systems before business processes ensures that all activities are considered in the development process. a business process need not relate to any information system, but an information system relates to at least one business process.
Answers
A business process need not relate to any information system, but an information system relates to at least one business process, this statements is true about the relationship between business processes and information systems.
A business process is a logically related sequence of actions that specify how particular business tasks are carried out. It is a distinctive method of coordinating work, information, and knowledge inside an organization. Business processes are important for managers to be aware of since they affect how well a firm can conduct its operations and could provide a competitive edge. Each of the main business functions has its own unique business processes, but many of them are cross-functional. Information systems assist firms restructure and streamline business operations by automating certain of these procedures.
The official organizational division in charge of information technology services is the information systems department. It is in charge of maintaining the networks, data storage, hardware, and software that make up the company's IT infrastructure. The department is often led by a CIO and is made up of professionals including programmers, systems analysts, project managers, and information systems managers.
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benito is sent on a foreign assignment to london. on his return, he is rewarded with a flattering story about his experiences in the company newsletter and a meeting with executives to discuss opportunities for using what he learned in key assignments. the firm's recognition of benito’s service can be best described as a form of
Answers
The firm's recognition of Benito's service can be best described as a form of appreciation or acknowledgment for his work. This recognition includes two components:
1. A flattering story about his experiences in the company newsletter: By publishing a flattering story about Benito's experiences in the newsletter, the company is publicly recognizing and praising his efforts. This recognition helps to highlight his achievements and contributions to the company.
2. A meeting with executives to discuss opportunities for using what he learned in key assignments: The meeting with executives indicates that the company values Benito's insights and wants to explore how his learnings can be applied to future assignments. This demonstrates that the company recognizes his expertise and wants to leverage it for future success.
In summary, the firm's recognition of Benito's service can be seen as a way to show appreciation for his work and acknowledge his contributions. This recognition not only boosts his morale but also signals to others in the company the importance of hard work and dedication.
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If the interest rate parity relationship does not hold true Group of answer choices there is usually a high degree of inflation in at least one country. the financial markets are in equilibrium and there are opportunities for covered interest arbitrage. there are opportunities for covered interest arbitrage. the financial markets are in equilibrium.
Answers
If the interest rate parity relationship does not hold true, there are opportunities for covered interest arbitrage.
Interest rate parity (IRP) is a fundamental concept in international finance, stating that the difference in interest rates between two currencies should be equal to the expected change in their exchange rate. If IRP does not hold, this means that there are discrepancies in interest rates and exchange rates in the market.
As a result, investors can exploit these discrepancies by engaging in covered interest arbitrage, which involves borrowing in one currency, converting it to another currency with a higher interest rate, and investing in a financial instrument denominated in that currency.
This will eventually lead to a return to equilibrium in the market as the demand for the higher interest rate currency increases and the supply of the lower interest rate currency decreases. Therefore, the lack of IRP is an indication of arbitrage opportunities rather than inflation or market disequilibrium.
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Give your suggestions to address the problems and challanges being faced by the migrant workers in foregin employment .
Answers
Answer: Their comfortability relies a lot on what the government would be willing to do to help them. Some of what the government can do, e.g insure them, pension
Explanation:
Their comfortability relies a lot on what the government would be willing to do to help them. Some of what the government can do as as follows;
I) The government can grant them soft loans
ii) The government can consider making it easier for them to easily open SME's
iii) The government can consider making provision for them as regards pensions
iv) The government can insure them
Forms of business organizations
Businesses can be classified into the following forms: sole proprietorship, partnership, corporation, limited liability company (LLC), and limited liability partnership (LLP)
Different forms of businesses have different characteristics. Which of the following characteristics would apply to a limited liability company and a limited liability partnership?
A. LLPs are not suitable for professional firms such as accounting, law, and architecture.
B. Owned by single individual.
C. Owners have limited liability and right to vote.
D. Have corporate ownership structure.
E. Taxed as a partnership.
F. Limited financial liability
You come across different kinds of businesses every day. The following table describes some businesses. Using the description of each business, classify it as a sole proprietorship, a partnership, a corporation, or a limited liability company/limited liability partnership.
Business Scenario Type of Business
Selena and Mario run a law firm in Chicago. LLC/LLP
The firm has debt of $100,000, but Selena
and Mario will not be held personally liable for
the law firm's debt.
Chris, the CEo of a beverage company, is Sole Proprietorship
required to certity the accuracy of information Corporation Partnership
provided in the company's quarterly reports LLC/LLP
Brandon started a business, based in a different
state, with his uncle. Due to the business's under-
performance, they had to close the business.
Brandon, however, ended up losing his house due
to a litigation claim.
Richard founded and operated a wedding planning
agency, which specialized in celebrity weddings.
When he died, his business was dissolved because
there was no plan for control after his death.
Answers
Answer:
Forms of business organizations
1. Characteristics that would apply to a limited liability company and a limited liability partnership:
F. Limited financial liability
2. Business Scenario and Type of Business
a. Selena and Mario run a law firm in Chicago. LLC/LLP . The firm has debt of $100,000, but Selena and Mario will not be held personally liable for the law firm's debt. Limited Liability Partnership
b. Chris, the CEo of a beverage company, is Sole Proprietorship
required to certify the accuracy of information Corporation Partnership
provided in the company's quarterly reports LLC/LLP
c. Brandon started a business, based in a different state, with his uncle. Due to the business's under- performance, they had to close the business. Brandon, however, ended up losing his house due to a litigation claim. Partnership
d. Richard founded and operated a wedding planning agency, which specialized in celebrity weddings. When he died, his business was dissolved because there was no plan for control after his death. Sole Proprietorship
Explanation:
A sole proprietorship is owned by one person without the advantage of being registered as a company (LLC). A partnership is a business organization owned by more than one person without the advantage of limited liability of the partners or being registered as a company (LLC). A corporation is an incorporated business organization with limited liability for the shareholders. Limited liability company (LLC) is a corporation that is owned by individuals with the advantage of limited liability. A limited liability partnership (LLP) is a partnership or business organization owned by more than one person which enjoys limited liability.
On january 1, 2024, corvallis carnivals borrows $30,000 to purchase a delivery truck by agreeing to a 5%, five-year loan with the bank. Payments of $566. 14 are due at the end of each month, with the first installment due on january 31, 2024.
Answers
The appropriate entries to record the issuance of the note payable for cash and the first monthly payment are: Debit Equipment $30,000
Credit Notes payable $30,000; Debit Notes payable $441.14, Debit Interest expense $125, Credit Cash $566.14.
How to prepare the journal entry?Corvallis Carnivals Journal entries
January 1, 2024
Debit Equipment $30,000
Credit Notes payable $30,000
( To record issuance of the note payable)
January 30, 2024
Debit Notes payable $441.14
($566.14-$125)
Debit Interest expense $125
($30,000 × 5% × 1 / 12)
Credit Cash $566.14
(To record first monthly payment)
Therefore the entry is Debit Equipment $30,000, Credit Notes payable $30,000.
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The complete question is:
On January 1, 2024, Corvallis Carnivals borrows $30,000 to purchase a delivery truck by agreeing to a 5%, five-year loan with the bank. Payments of $566.14 are due at the end of each month, with the first installment due on January 31, 2024. Record the issuance of the note payable for cash and the first monthly payment.
Gerard Barron, the CEO of TMC (Th e Metals Company), stated about deep-sea mining, “We don’t have the luxury of saying ‘No’ to the ocean.” What do you suppose he means by this statement? Do you agree or disagree? Explain.
Answers
Deep-sea mining may start soon despite the fact that research indicates it could harm habitats or wipe out species. This is due to the depletion of terrestrial reserves and the increasing demand for metals.
What's the title of the company engaged in deep-sea mining?Deep Sea Mine Campaign, Blue Marine Foundation, International Conservation, Ecologistas En Acción, Wildlife & Flora Worldwide, German NGO Forum on Development and the Environment, Goa Groundwork, Global Ocean Trust, and Greenpeace International are all members of the DSCC.
The technique of extracting mineral reserves from deep seabeds, or ocean depths below 200 metres, is known as deep-sea mining.
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a small network is bigger than a large network.
Answers
Answer:
false
Explanation:
From a business standpoint, I can say that this statement is false. A larger network is bigger and more efficient because it generates more leads and opens more opportunities. By having a larger network you connect with individual's who are know others that may not be in your network and may be strategically positioned to provide you with information, help or even opportunities that you would not have had if your network was small.
To maximize profits, Maria should sell _ loaves of ciabatta bread per hour
Answers
To maximize profits, Maria should sell 6 loaves of ciabatta bread per hour
What is Profit Maximization
Profit maximization is the technique used by corporations and enterprises to develop methods to increase earnings while reducing costs. Every company should have it as a primary goal because it is essential to their development.
Since maximizing profits from a company's operations is necessary for its survival, this is often thought to be its main goal.
In order words profit maximizing is the procedure used by businesses to determine the manufacture, cost, and output levels that will result in the most profits.
Therefore, a corporation must reach an equilibrium state in order to realize its full potential profits. When a company or producer's level of output results in the maximum, it is considered to have reached equilibrium.
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To maximize profits, Maria should sell 6 loaves of ciabatta bread per hour.
What is Profit Maximization?Profit maximization is the technique used by corporations and enterprises to develop methods to increase earnings while reducing costs. Every company should have it as a primary goal because it is essential to their development.
Based on the question;
Given that,
TR = Total Revenue
Q = Quantity of sale (units sold)
P = Price per unit of output
TR = P x Q
Given that,
MR = Marginal Revenue
ΔTR = Change in the Total revenue
ΔQ = Change in the units sold
TRn = Total Revenue of n units
TRn-1 = Total Revenue of n-1 units
MR = TRn - TRn-1
MC = TCn - TCn-1
From the given information, we will calculate the TR obtained at different units to get the MR(marginal revenue). So,
when
Q = 0 and P = 6 ----TR = PQ = 06 =0
Q = 1 and P = 5.50---- TR = 5.50
Q = 2 and P = 5---- TR = 10
Q = 3 and P = 4.50----TR = 13.5
Q = 4 and P = 4---- TR = 16
Q = 5 and P = 3.50---- TR = 17.5
Q = 6 and P = 3---- TR = 18
Q = 7 and P = 2.50---- TR = 17.5
Q = 8 and P = 2--- TR = 16
From the solved TR, we can say that:
MR as MR = TRn - TRn-1.
So, MR (0) = 0
MR(1) = TR1 - TR0
= 5.50-0 = 5.50
MR(2) = TR2-TR1
= 10-5.50
= 4.50.
Using the formula above.
MR(3) = 3.5
MR(4) =2.5, MR(5) = 1.5, MR(6) =0.5,MR(7) = -0.5 and MR(8) =-1.5.
From the given TC, MC can be calculated as:
MC = TCn - TCn-1
So, MC(0) = 0,
MC(1) = TC1 - TC0 = 4
MC(2) = TC2-TC1 = 3
MC(3) = 2.50, MC(4) = 2
MC(5) =1.5,MC(6) =1
MC(7) = 1.50 and MC(8) = 2.5.
To maximize profit, the condition will be:
MR=MC.
Based on data given, the MR is the same to MC at the point where the price is $3.50 and the quantity sold is sad to be 5 units.
Therefore, a corporation must reach an equilibrium state in order to realize its full potential profits. When a company or producer's level of output results in the maximum, it is considered to have reached equilibrium.
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Sirius Cybernetics Corp. produces touch-enabled wearable devices. Its research and development team recently became aware of a new, open-source technology produced by a firm overseas that would improve the processing speed and battery life of all Sirius Cybernetics devices. In this scenario, Sirius Cybernetics would be best served to embrace
A. open innovation.
B. closed innovation.
C. disruptive innovation.
D. radical innovation.
Answers
In the given situation, Sirius Cybernetics should be best served as the open innovation.
The information related to open innovation should be as follows:
The motive of using the inflows and outflow of the knowledge in order to accelerate internal innovation.It is also be used for diversifying the market for innovation purposes.It is for promotion purposes with respect to innovation & the awareness of the new and open technology source.It cannot be a closed innovation, disruptive innovation, and radical innovation.
Therefore we can conclude that Sirius Cybernetics should be best served as open innovation.
Learn more about the innovation here: brainly.com/question/1008019