Local Co. has sales of $ 10.8 million and cost of sales of $ 5.7 million. Its selling, general and administrative expenses are $ 550,000 and its research and development is $ 1.2 million. It has annual depreciation charges of $ 1.2 million and a tax rate of 35 %.
a. What is Local's gross margin? (answer in %, Round to one decimal place.)b. What is Local's operating margin? (answer in %, Round to one decimal place.)c. What is Local's net profit margin? (answer in %, Round to two decimal places.)
Answers
Answer:
Gross profit Margin = 47.2%
Operating profit margin = 19.9%
Net Profit Margin = 12.93%
Explanation:
Requirement A: Gross profit margin
Gross Profit = Sales - Cost of sales
Gross Profit = 5.1m
Gross profit Margin = Gross profit/Sales x 100
Gross profit Margin = 5.1/10.8 x 100
Gross profit Margin = 47.2%
Requirement B: Operating profit margin
Operating profit margin = Operating Profit/ Sales x 100
Operating Profit = Gross Profit - selling,general and administrative expense -research and development - depriciation
Operating Profit = 5.1m - 0.55m - 1.2m - 1.2m
Operating Profit = 2.15m
Operating profit margin = 2.15m/10.8m x 100
Operating profit margin = 19.9%
Requirement C: Net profit Margin
Net Profit margin = Net profit / Sales x100
Net Profit = Operating profit - tax
Net Profit = 2.15m - (2.15m x 35%)
Net Profit = 2.15m - 0.7525m
Net Profit = 1.3975m
Net Profit Margin = 1.3975m/10.8m x 100
Net Profit Margin = 12.93%
Related Questions
Which one of the following is a general characteristic of a securities broker?
• Trades from his or her own inventory
O Trades only foreign securities
O Trades listed securities in an auction market
• Is the principal trader of debt securities
Answers
Trades listed securities in an auction market: is a general characteristic of a securities broker. Thus, option C is the correct option.
Securities brokers provide relevant information to institutional and individual clients so they may purchase or sell stocks, bonds, commodities, and options. They could create or keep up a portfolio, which is a diverse collection of stocks.
Typically, commissions from each deal are used to pay brokers. A commission has traditionally been paid to a broker by investors to buy or sell stocks. Securities brokers provide relevant information to institutional and individual clients so they may purchase or sell stocks, bonds, commodities, and options.
Learn more about securities brokers here:
https://brainly.com/question/30353073
#SPJ1
2 3 Price R1 400 R1 200 10 000 15 000 Quantity MPC MPB MSB What type of externality is depicted in the graph above? Identify the socially efficient level of production in the graph above. Briefly describe the term market failure. What are the economic benefits of a safe COVID-19 vaccine on the African economy? Why would a free supply of the COVID-19 vaccines NOT necessaril to a market failure?.
Answers
The graph depicts a negative externality, with the socially efficient level of production occurring at the intersection of Marginal Social Benefit and Marginal Private Cost.
A safe COVID-19 vaccine would bring economic benefits to the African economy, including reduced healthcare costs, restored confidence, and economic recovery, while providing free vaccines can address the underprovision of public goods and ensure widespread distribution.
The graph provided depicts a negative externality, as the Marginal Social Benefit (MSB) curve lies below the Marginal Private Benefit (MPB) curve. This indicates that the private market does not account for the full social cost associated with the production and consumption of the good.
The socially efficient level of production is where the Marginal Social Benefit (MSB) intersects with the Marginal Private Cost (MPC) curve. In the graph, this occurs at a quantity of 15,000 units.
Market failure refers to a situation where the allocation of resources in a market is inefficient, leading to a suboptimal outcome. It occurs when the market mechanism fails to achieve the ideal conditions of perfect competition, resulting in an inefficient allocation of resources.
Market failures can arise due to externalities, market power, incomplete information, or public goods.
The economic benefits of a safe COVID-19 vaccine on the African economy are significant. Firstly, it would help reduce the spread of the virus, leading to lower infection rates and lower healthcare costs. This would alleviate the burden on healthcare systems and enable them to focus on other areas of need.
Additionally, a safe vaccine would restore confidence and encourage economic activities, such as travel, tourism, and trade, which have been severely affected by the pandemic. It would contribute to the recovery of various sectors, boost consumer spending, and create employment opportunities.
A free supply of COVID-19 vaccines may not necessarily lead to a market failure because it can be considered a public good. Public goods are non-excludable and non-rivalrous, meaning that one person's consumption does not diminish the availability of the good for others.
As a result, private markets may underprovide public goods due to the free-rider problem, where individuals may choose not to pay for the good and still benefit from its provision.
Therefore, government intervention in providing free vaccines can be seen as a solution to overcome market failure and ensure the widespread distribution of the vaccine for public health and economic recovery.
For more such question on production. visit :
https://brainly.com/question/7924898
#SPJ8
19. If business inventories equal $40 billion at the beginning of the year and $55 billion at the end of the year, then, assuming no other changes, GDP must have: A. decreased by $15 billion. B. increased by $15 billion. C. increased by S40 bilion D. increased by $55 billion.
Answers
Option b: If business inventories equal $40 billion at the beginning of the year and $55 billion at the end of the year, then, assuming no other changes, GDP must have increased by $15 billion.
Gross domestic product is the monetary value of all finished goods and services produced within a country in a given period of time.
GDP provides a snapshot of a country's economy and is used to estimate the size of the economy and its growth rate.
GDP can be calculated in three ways using expenditure, production, or income, and adjusted for inflation and population for greater insight.
Real GDP takes under consideration the results of inflation, however nominal GDP does not.
Despite its limitations, GDP is an vital device to manual coverage makers, traders and corporations in making strategic decisions.
To learn more about GDP, here:
https://brainly.com/question/30173569
#SPJ4
Better managing a daily scheduler through effective time management can reduce stress on the job.
Answers
Answer:
Good time management is essential if you are to handle a heavy workload without excessive stress. Time management helps you to reduce long-term stress by giving you direction when you have too much work to do. It puts you in control of where you are going and helps you to increase your productivity
Answer:
it helps put your daily life at relief
Explanation:
Critique the concept of Socialism using appropriate examples
Answers
The concept of socialism can be critiqued using examples of countries in which socialist economic systems have been enforced similar as the former Soviet Union, Venezuela, Cuba.
Critics argue that these countries have experienced economic recession, low norms of living, and a lack of individual freedoms due to the absence of free request competition and government control over resources and product. Socialism's critics argue that the absence of incentives for individual initiative, innovation, and profit has led to low situations of effectiveness, productivity and quality in these countries.
sympathizers of socialism argue that there are also examples of socialist systems that have achieved high living norms and greater economic equality similar as in Scandinavia.
To learn more about Socialism:
https://brainly.com/question/839803
#SPJ1
The University could continue to use the present bus for the next seven years. Whether the present bus is used or a new bus is purchased, the bus would be traded in for another bus at the end of seven years. The University uses a discount rate of 12% and the total cost approach to net present value analysis. If the new bus is purchased, the present value of the annual cash operating costs associated with this alternative is closest to:
Answers
Answer:
If the present bus is repaired, the present value of the annual cash operating costs associated with this alternative is calculated as follows;
Which is a characteristic of a market economy?
a. all resources are owned communally
b. economic activity is coordinated by government decision-makers
c. individuals own all of the resources
d. governments own the parks and roads but the rest is owned by the people
Answers
The characteristic of a market economy is c. individuals own all of the resources
In a market economy, people receive salaries and have the freedom to purchase whatever they want. It may be described as a system of economics. In this system, the numerous interactions between businesses, markets, and the people in any country determine economic decisions as well as the costs of commodities.
Economic activity is largely influenced by human choices and the principles of supply and demand in a market economy. This indicates that people and organisations control the resources they employ to generate commodities, including labor, capital, and land. In a market economy, the function of the government is largely restricted to defending property rights, upholding agreements, and fostering competition.
Read more about market economy on:
https://brainly.com/question/30197415
#SPJ1
Assume a merchandising company provides the following information from its master budget for the month of May:
Cash balance, May 1 $20,000
Cash collections from customers $80,000
Cash disbursements for merchandise purchases $35,000
Cash disbursements for selling and administrative expenses $40,000
If the company wishes to maintain a minimum cash balance of $30,000 at the end of every month, then its borrowings at the beginning of May will equal:_______
a. $5,000
b. $0
c. $25.000
d. $20,000
Answers
Answer:
a. $5,000
Explanation:
The computation of the borrowing is shown below:
Cash balance, May 1 $20,000
Add: Cash collections from customers $80,000
Total cash available $100,000
Less:
Cash disbursements for merchandise purchases -$35,000
Cash disbursements for selling and administrative expenses -$40,000
Excess cash available $25,000
And, there is a minimum cash balance of $30,000
so we have to borrowed $5,000
How would implementing the cost-volume-profit analysis benefit a company? As a manager, which income statement format do you find more useful - the traditional financial accounting method or the contribution margin method? Why?
Answers
It provides insights into the relationship between sales volume, costs, and profitability, helping managers make informed decisions about pricing, production levels, and cost management.
CVP analysis allows managers to determine the breakeven point, the level of sales needed to cover all costs, and to assess the impact of changes in sales volume, costs, or prices on the company's profitability. This analysis can guide strategic planning, budgeting, and resource allocation.
As a manager, I find the contribution margin method of income statement format more useful than the traditional financial accounting method. The contribution margin method separates costs into fixed and variable components, allowing for a clearer understanding of how changes in sales volume affect profitability.
It highlights the contribution margin ratio, which indicates the proportion of each sales dollar available to cover fixed costs and contribute to profits.
This format enables managers to analyze cost behavior, identify cost-saving opportunities, and evaluate the financial impact of different sales scenarios. It provides a more focused view of the underlying profitability drivers and aids in decision-making related to pricing, product mix, and cost control.
For more such questions on profitability visit:
https://brainly.com/question/24553900
#SPJ8
Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
Answers
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
For such more question on net loss:
https://brainly.com/question/28390284
#SPJ8
Net loss can be thought of as a __________ to the Capital account.
Debit
Credit
Answers
Answer:
The answer is Credit.
Explanation:
Net loss can be thought of as a Credit to the Capital account.
Outline and describe the main types of Communication in your own words. Give one practical example for each type to support your discussion.
Answers
Answer:
There are four main types of communication: verbal, nonverbal, written, and visual.
1. Verbal communication involves the use of words to convey a message. This can be done through spoken or written language. Verbal communication can be formal or informal, and it is often used in face-to-face conversations, meetings, presentations, and interviews. A practical example of verbal communication is a teacher giving a lecture to a classroom full of students.
2. Nonverbal communication involves the use of body language, facial expressions, and other nonverbal cues to convey a message. This can include gestures, eye contact, posture, and tone of voice. Nonverbal communication is often used in conjunction with verbal communication to reinforce a message or convey meaning. A practical example of nonverbal communication is a job interview, where the interviewer may use body language to convey their interest or disinterest in a candidate.
3. Written communication involves the use of written words to convey a message. This can include emails, memos, reports, and letters. Written communication is often used in business and academic settings, where a permanent record of the communication is required. A practical example of written communication is a business proposal that is sent to a potential client.
4. Visual communication involves the use of images, graphics, and other visual aids to convey a message. This can include charts, diagrams, videos, and photographs. Visual communication is often used in advertising, marketing, and design, where visual impact is important. A practical example of visual communication is a billboard that advertises a new product.
In summary, each type of communication has its own strengths and weaknesses, and they are all important in different contexts. Effective communication requires a combination of these four types, depending on the situation and the message that needs to be conveyed.
Company Co. has 1,000 employees and it decides to grant each of the employees 200 share
options as part of its new rewards plan. The options are exercisable over 5 years and subject only
to the condition that the company's stock price must be at least 30% higher than its original issue
price. Company Co.'s share-based payments are subject to:
Service and market performance conditions
Service condition
Non-vesting condition
Non-market performance conditions
Answers
Company Co's share-based payments are subject to Non-vesting conditions. Hence, Option C is the correct statement.
What are share-based payments?Share-based payment agreements are transactions wherein a third party is entitled to acquire equity instruments of the entity (or any other institution entity) or cash amounts primarily based totally on the cost of such equity instruments in exchange for items or services.
Hence, Company Co's share-based payments are subject to Non-vesting conditions. Option C is the correct statement.
learn more about share-based payments:
https://brainly.com/question/27129728
#SPJ1
What is the capital gains tax?
A. Tax that is paid to people who are self-employed
B. Tax that is used to provide income for retired and disabled people and
C. Tax that applies to investments and other personal property
D. Tax that is used to provide medical benefits for people age 65 and older
Answers
Answer: C. Tax that applies to investments and other personal property
Explanation:
E 2022
4-12 Indicate the effects of the transactions listed in the following table on total
current assets, current ratio, and net income. Use (1) to indicate an increase, (2)
to indicate a decrease, and (0) to indicate either no effect or an indeterminate
effect. Be prepared to state any necessary assumptions and assume an initial
current ratio of more than 1.0. (Note: A good accounting background is necessary
to answer some of these questions; if yours is not strong, answer the questions
you can.)
Answers
The current ratio would rise if shareholders were offered cash in exchange for stock shares.
What causes an increase in the current ratio?The current ratio will rise when debt is paid off or restructured. Investigate the possibility of remortgaging existing term loans and altering the lender's interest rate, effectively delaying debt payments until they fall below your current ratio. When possible, negotiate longer payment cycles.
What causes a change in the current ratio?In most cases, your company's ability to generate cash to meet its short-term obligations is shown by your current ratio. An increase in short-term debt, a decrease in current assets, or a combination of the two can cause this ratio to fall.
To learn more about current ratio here:
https://brainly.com/question/28214599
#SPJ1
1. Emma knows that she wants to be a digital artist, but she feels like working by herself as a freelancer would be more work than she was willing to do. She is hoping to get a job with a large
animation studio instead. Does she still need business savvy if she is not going to be an entrepreneur?
No, that is only for artists working for themselves.
Yes, she will need to negotiate a good contract for herself
Yes, she is very likely to change her mind and want to freelance.
No, the company she works for will make the best possible deal for her.
Answers
Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adorned with two crystals of various colors. Standard costs follow:
Standard Quantity Standard Price (Rate) Standard Unit Cost
Silver 0.40 oz. $23.00 per oz. $9.20
Crystals 5.00 $0.40 crystal 2.00
Direct labor 2.00 hrs. $12.00 per hr. 24.00
During the month of January, Crystal Charm made 1,530 charms. The company used 577 ounces of silver (total cost of $13,848) and 7,700 crystals (total cost of $2,926.00), and paid for 3,210 actual direct labor hours (cost of $36,915.00).
Required:
1. Calculate Crystal Charm’s direct materials variances for silver and crystals for the month of January.
2. Calculate Crystal Charm’s direct labor variances for the month of January.
Answers
Answer and Explanation:
The computation is shown below:
1.
Direct Material Price Variance = Actual material cost - Actual Quantity × Standard Price
For Silver
= $13848 - 577 × 23
= $577 (U)
For Crystal
= $2926 - 7700 × 0.40
= $154 (F)
Direct Material Quantity Variance = (Actual Quantity - Standard Quantity) × Standard Price
For Silver
= (577 - 1530 × 0.40) × 23
= $805 (F)
For Crystal
= (7700 - 1530 × 5) × 0.40
= $20 (U)
2.
Direct Labor Rate Variance = Actual Cost - Actual Hours × Standard Rate
= $36915 - 3210 × 12
= $1605 (F)
And,
Direct Labor efficiency Variance = (Actual hours - Standard hours) × Standard Rate
= (3210 - 1530 × 2) × 12
= $1800 (U)
Which of the following statements is false?
a. it is possible to compare one firm's accounting data with another firm's accounting data as long as both firms used generally accepted accounting procedures
b. many managers compare the financial results from one accounting period with the results from previous accounting periods
c. most corporations include in their annual reports comparisons of important elements of their financial statements for recent years
d. the format and information contained in one firm's financial statements are most likely to differ drastically from the format and information contained in another firm's financial statements
e. many firms compare their financial results with industry averages
Answers
Answer: D
Explanation:
Not necessarily. As long as the company follows GAAP (IFRS or ASPE), the format and information should be the same. This is because the accounting standards requires firm to report financial information in a specific way.
efficient communication is attributable to the sender, while effective communication is assessed by the receiver. t/f
Answers
It is true that effective communication is judged by the recipient. The effectiveness of communication depends on the receiver among other factors.
What is Efficient and Effective Communication?Efficient communication may or may not be effective, but its hallmark is its brevity (concise and exact use of words). It should be time-limited, clear, and focused. Gets the message in the shortest time possible. Efficient communication is more likely to be effective when there is a pre-established mutual understanding between the creator of the message and the recipient.
Effective communication may not be brief. For communication to be effective, the receiver must be taken into account. Effective interpersonal communication involves a lot of testing and validation.
Learn more about Efficient and Effective Communication at:
https://brainly.com/question/26152499
#SPJ1
Stear Corp. has an opening inventory of $2,500. During the year, it made purchases worth $55,000. At the end of the accounting period, the inventory was worth $1,250. What was the cost of goods sold?
A.
$57,500
B.
$56,250
C.
$53,750
D.
$55,000
Answers
Answer:
B. 56,250
Explanation:
"Beginning inventory of 2,500 plus purchases of 55,000 minus ending inventory of 1,250 = 56,250 of cost of goods sold."
A CEedit card's Minimum monthly payment refers to
A. the miniIM amount of changes made to a credit score each
month.
B. the minimum amount a borrower must pay back each month.
) C. the minimum anmount of interesta credit card will charge each
month.
D. the minimum amount of purchases a customer must nmake each
month
Answers
Answer:
B. the minimum amount a borrower must pay back each month.
Explanation:
A credit card is the credit facility that the credit card company issues to the credit cardholder. The credit card facilities allow the cardholder to make payments for goods and services on credit up to a set limit. Sine credit card is a debt; the credit card company issues a statement at the end of every month to claim payments from the cardholder.
The credit card statement contains the outstanding statement balance and the minimum monthly payment. The customer is advised to clear all the outstanding balance to avoid interest fees. However, if the customer cannot settle the entire balance, they must pay the minimum balance. Failure to pay the minimum balance is defaulting on the credit card and comes with heavy penalties.
Answer:
the minimum amount a borrower must pay back each month.
Explanation:
What is an external communication that is paid for by the seller and promotes a product to potential customers?.
Answers
Advertising is an external communication that is paid for by the seller and promotes a product to potential customers.
The process and methods used in advertising are intended to draw attention to a good or service. With the help of advertising, businesses strive to draw consumers' attention to their goods and services. Although there are many purposes, the commercial advertisement is the most frequent. It is typically used to promote a certain commodity or service.
Through "branding," in which consumers link a product name or image with specific traits, commercial advertising frequently aim to boost consumption of their goods or services. Direct-response advertising, on the other hand, refers to advertisements that are meant to prompt a quick purchase. Political parties, interest groups, religious organizations, and governmental bodies are examples of non-commercial enterprises that market more than consumer goods or services.
Learn more about Advertising here:
https://brainly.com/question/16257206
#SPJ4
A motorcycle worth Rs.29500 was sold at a loss of 40% after an accident.Find the loss and selling price.
Answers
Answer:
the selling price and the loss is Rs 73,750 and Rs 29,500 respectively
Explanation:
The computation of the loss and selling price is shown below:
The selling price is
= Rs 29,500 × 1 ÷ 0.40
= Rs 73,750
And, the loss is
= Rs 73,750 × 40%
= Rs 29,500
Hence, the selling price and the loss is Rs 73,750 and Rs 29,500 respectively
Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?
Answers
Managers want larger budgets; entrepreneurs work to do more with less.
How do entrepreneurs approach resources differently from employee-managers?Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.
This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.
Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.
Read more about Entrepreneurs
brainly.com/question/29733441
#SPJ1
When engaging in tax planning, knowing your _________ is very helpful. effective tax rate. withholdings. marginal tax rate. tax bracket.
Answers
When engaging in tax planning, knowing your marginal tax rate is very helpful. effective tax rate.
What is effective tax rate?The effective tax rate is known to be a kind of an actual cut or percentage of taxes that a person has to pay on all the taxable income that person has.
There are three key causes of differences that exist between marginal and effective tax rates. Tax planning reduces the taxes you have to pay over a lifetime.
Learn more about tax planning from
When actual output (where AD and SRAS intersect) is greater than LRAS, this is a(n) (Click to select) gap. recessionary gap is when actual output (where AD and SRAS intersect) is (Click to select) LRAS.
Answers
The situation where the actual output (where AD and SRAS intersect) is less than LRAS, this is an example of an inflationary gap.
What is an inflationary gap?An inflationary gap refers to the difference between the real GDP and the full-employment real GDP. It is also called an expansionary gap.
The recessionary gap is when actual output (where AD and SRAS intersect) is less than LRAS.
What is recessionary gap?A recessionary gap refers to the situation that occur when the country's real GDP is lower than its GDP at full employment.
Read more about inflationary gap
brainly.com/question/15707182
8. Pure Expectations Theory
I completed this question on the Pure Expectations Theory... is it correct?
Answers
The statement that are consistent with the pure expectations theory of the yield curve are:
Long-term interest rates are based on expectations of what short-term interest rates will be in the future.An upward-sloping yield curve implies that the market thinks short-term interest rates are going to be higher in the future than they currently are.A flat yield curve suggests that the market thinks interest rates in the future will be the same as they are today.An inverted yield curve suggests that the market thinks short-term interest rates in the future will be lower than they are today.What is the pure expectations theory of the yield curve?According to the Pure Expectation Theory, the various maturities are substitutes, and the shape of the yield curve is determined by the market's expectation of future interest rates.
This theory states that yields change over time, but it fails to define the specifics of yield curve shapes. This theory disregards interest rate and reinvestment risk.
Read more about pure expectations
brainly.com/question/14827805
#SPJ1
Isabella and Antonio are auto mechanics. Isabella takes 6 hours to replace a clutch and 4 hours to replace a set of brakes. Antonio takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage.
Answers
Isabella has an absolute advantage in both clutch replacement and brake replacement due to her ability to complete each task in less time.
- Isabella also has a comparative advantage in both clutch replacement and brake replacement, assuming similar skills and pay rates.
How to determine the whether anyone has an absolute advantage at either task and, for each taskTo determine absolute and comparative advantages in this scenario, we need to compare the productivity of Isabella and Antonio in replacing clutches and brakes.
Let's analyze the tasks:
1. Clutch Replacement:
- Isabella takes 6 hours.
- Antonio takes 8 hours.
Based on the time taken, Isabella has an absolute advantage in clutch replacement because she can complete the task in less time than Antonio.
2. Brake Replacement:
- Isabella takes 4 hours.
- Antonio takes 6 hours.
Again, based on the time taken, Isabella has an absolute advantage in brake replacement because she can complete the task in less time than Antonio.
Similar to clutch replacement, if we assume similar skills and pay rates, Isabella would also have a comparative advantage in brake replacement due to her ability to complete the task more quickly.
Comparative advantage is based on a comparison of opportunity costs, and without specific information about the trade-offs involved, we can infer that Isabella's ability to complete both tasks more quickly gives her a comparative advantage in both.
Learn more Comparative advantage at https://brainly.com/question/12291750
#SPJ1
Determine the total expenses based on the following data
assets 72,000
owner's equity 70,000
revenues 20,000
liabilities 16,000
Answers
From the given data, it appears that the expenses result in a negative value of $-14,000. This indicates a deficit, which suggests that the company's liabilities and owner's equity exceed its assets.
To determine the total expenses based on the given data, we need to use the accounting equation: Assets = Liabilities + Owner's Equity. In this case, we are given the values of assets, owner's equity, and liabilities.
Assets = $72,000
Owner's Equity = $70,000
Liabilities = $16,000
Using the accounting equation, we can calculate the total expenses by rearranging the equation:
Expenses = Assets - Liabilities - Owner's Equity
Expenses = $72,000 - $16,000 - $70,000
Expenses = $-14,000
for more questions on expenses
https://brainly.com/question/28995167
#SPJ8
A company that has successfully built a wall around its position in the market, making it hard for competitors outside the wall to enter the market and compete, is an example of a company that has established ______.competitive advantage
Answers
A company that has successfully built a wall around its position in the market, making it hard for competitors outside the wall to enter the market and compete, is an example of a company that has established competitive advantage.
What is competitive advantage?Anything that gives a business an edge over its rivals, enabling it to draw in more clients and increase its market share, is considered a competitive advantage. Three main types of competitive advantages are possible: Cost advantage is the ability to produce a good or deliver a service for less money than rivals. A competitive advantage in business is a quality that enables a company to outperform its rivals. In the viewpoint of its customers, a company's competitive edge is what distinguishes it from its rivals. These benefits enable a business to attain and maintain stronger profitability, a better growth profile, or increased customer loyalty. The term "protective moat" is frequently used to describe a competitive advantage.
To learn more about competitive advantage click,
https://brainly.com/question/26514848
#SPJ4