The firm earns an accounting profit of $9,225,000 per year. It's worth noting that this calculation only takes into account explicit costs and does not consider implicit costs such as opportunity costs.
Total revenue = Price per unit x Quantity sold
Total revenue = $25 x 425,000
Total revenue = $10,625,000
Finally, we can calculate the accounting profit by subtracting the total explicit costs from the total revenue:
Accounting profit = Total revenue - Total explicit costs
Accounting profit = $10,625,000 - $1,400,000
Accounting profit = $9,225,000
Accounting profit is the difference between a business's total revenue and total expenses over a specified period, usually a year. It is a measure of a business's financial performance that takes into account all its income and expenses, including depreciation and other non-cash expenses. To calculate accounting profit, a business subtracts its total expenses from its total revenue.
Total revenue includes all the money a business earns from selling its products or services, while total expenses include all the costs associated with running the business, such as wages, rent, utilities, and taxes. Accounting profit is an important metric for businesses as it shows how much money they have made after deducting all their expenses. It is used to assess a business's financial health and profitability, and it is often used by investors and lenders to evaluate the potential return on investment.
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Daisy is a senior in college and has a part-time job at a coffee shop. She recently got her first credit
card and can spend up to $4,000. She sees that the expensive 4K TV she has wanted for the past
year is on sale for the next week for $3,500. What is the BEST course of action for Daisy?
O Use her new credit card.
O Use the money in her savings account.
O Get a cash advance from her bank.
O Wait until she has a full-time job.
Answer:
use her new credit card
How can the concept of opportunity cost affect your decisions when making financial plans?
Answer:
Opportunity cost is the potential benefit or gain that must be given up in order to pursue a certain action or decision. In the context of financial planning, opportunity cost can play a significant role in determining the best course of action.
When making financial plans, individuals must consider the opportunity cost of each decision they make. For example, if someone decides to invest their money in a particular stock, they must consider the opportunity cost of not investing in a different stock or asset that may have a higher potential return. Similarly, if someone decides to save money by cutting back on their spending, they must consider the opportunity cost of not being able to enjoy the things they are giving up.
Opportunity cost can also affect decisions related to debt and credit. For example, if an individual takes out a loan with a low interest rate, they must consider the opportunity cost of not being able to invest or save that money for other financial goals, such as retirement or buying a house.
Opportunity cost can also affect decisions related to time and effort, such as taking a higher paying job that requires more time and effort, or starting a business which is time-consuming and risky but can have high potential returns.
Which of these steps uses a third party as part of the conflict-resolution effort?
compromising
defining the problem
mediation
arbitration
Answer:
Mediation
Explanation:
Because there is misunderstanding,mediation is done because it is the act of resolving problem( also known as arbitration)
Answer:
mediation and arbitration
Explanation:
got a 100 on my quiz
Recommend ONE strategy a manager could implement to reconcile the conflicting interests of the business with society.
Answer:
To succeed in reconciling the conflicting interests of stakeholders a business needs competent, informed, ethical, and socially responsible managers.
Which of the following is not a life role category?
O Risk Taker
O Worker
O Family Member
O Learner
Risk Taker is not a life role category.
A life role is a set of expectations, behaviors and attitudes that a society assigns to a person based on their gender, age, social status, race or other factors. For example, in many cultures women are expected to be loving, nurturing and care-givers, while men are expected to be strong, provider-types.
Life roles help to define how we see ourselves and how we are seen by others. They can be a source of satisfaction and fulfilment, but they can also be a source of stress and frustration if they do not fit with our own personal aspirations and identity.
Hence, the correct option is "First".
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A Content Calendar is a private resource to plan all content marketing activity
True False
It is true that A content calendar is a resource for organizing content marketing activity, with the aim of driving engagement with a target audience. It is important to note that content calendars are not necessarily private resources. They are often shared among a team of content creators and marketers to ensure that everyone is aligned with the organization’s content strategy.
Content calendars can include several categories of content, including blog posts, social media posts, infographics, videos, and more. The calendar provides a comprehensive view of all planned content, making it easier to ensure that it aligns with the organization’s goals and objectives.
The main purpose of a content calendar is to help content creators and marketers plan and execute their content marketing campaigns efficiently. It enables them to track the progress of their content, identify gaps in their content strategy, and make adjustments as necessary. It also helps to ensure that content is published consistently, which is essential for building and maintaining an engaged audience.
In summary, a content calendar is a resource for organizing and planning content marketing activities. It is not necessarily a private resource, and is often shared among team members. Its main purpose is to help content creators and marketers execute their content marketing campaigns efficiently and effectively.
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Which of the following is an example of a soft skill?
A. Ability to use CSS spreadsheets
B. Ability to manage spreadsheets
C. Ability to work well with a project team
D. Ability to manipulate images using computer software
Answer:
Ability to work well with a project team
Explanation:
The liquidity ratio reveals how many months it would take to convert all assets into cash. True or false?
False. The liquidity ratio, additionally called the present day ratio, is a economic ratio that measures a business enterprise's capability to pay off its short-time period liabilities with its current property.
It is calculated by way of dividing the modern property through the current liabilities. The end result is a ratio that indicates how typically the present day belongings ought to cover the present day liabilities.
The liquidity ratio does no longer display what number of months it might take to convert all property into cash. It really measures the company's potential to meet its short-term responsibilities.
The time it might take to transform all property into cash isn't always immediately associated with the liquidity ratio, although it is able to be an vital element in assessing a organisation's standard financial fitness.
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Which best compares and contrasts the teaching and training careers and the professional support careers?
A) Both careers try to support student success; however, teaching and training careers involve direct instruction of students.
B) Both careers help students learn; however, teaching and training careers are involved in running the school.
C) Both careers are increasing the number of available jobs; however, professional support career earns less money.
D) Both careers have support careers; however, professional support careers assist in the classroom.
Answer:
A) Both careers try to support student success; however, teaching and training careers involve direct instruction of students.
Explanation:
Professional support careers help people involved in education and training systems with personal and family needs, educational goals, mental health assistance, and career decision-making. They provide support and encouragement to students undergoing challenging experiences. Professional support career titles include counselors and Psychologists, among others.
Teachers and trainers offer instructions to students in the class or other conducive places. They help students complete their syllabus, learn intended materials, acquire knowledge, and pass their examinations.
Answer: ITS A
Explanation:CORRECT ON EDGE 2020
which of these agencies administers federal labor management relation laws
The agency that administers federal labor management relation laws in the United States is the National Labor Relations Board (NLRB).
The NLRB is an independent federal agency responsible for enforcing and interpreting the National Labor Relations Act (NLRA), which governs the relationship between employers, employees, and labor unions. The NLRB's primary role is to protect employees' rights to engage in collective bargaining, to prevent and remedy unfair labor practices, and to ensure a fair and stable labor-management relationship in the private sector. The agency investigates complaints, conducts elections for union representation, and adjudicates cases related to labor disputes and unfair labor practices.Its main goal is to protect employees' rights to engage in collective bargaining and to ensure fair labor practices and stable labor-management relations.
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Explain what it means to diversify across investments ?
Answer:
true
Explanation:
diversification isna technique that reduces risk by allocating investment across various financial instrument across various fiancial instrument industries and other categories . it aims to maximize returns by investing in different areas that would each react differently to the same event
The idea that some basic businesses such as steel mills, coal mines and utilities, should be owned and controlled by the government is indicative of a
People often set up business for themselves. The idea that some basic businesses such as steel mills, coal mines and utilities, should be owned and controlled by the government is indicative of socialism.
What is socialismThis is known as an economic system that is based on the foundation that some, if not all, simple or basic businesses e.g. steel mills, coat mines, and utilities should be the property of the government.
They believed that the profits from these business can be said to be evenly distrusted among the people but when they are in the hands of the government, it can be well used.
Brain Drain
The loss of the best and bright
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what types of businesses are needed to make the product and deliver it to the final consumer.
Answer:
Manufacturing and Merchandising businesses
Explanation:
The type of Business needed to make the product is known as MANUFACTURING business. This business buys raw materials and refined them into products that later sell in bulk to wholesalers.
On the other hand, Merchandising business is a form of business that involves buying refined products at wholesale price and then sell to the final consumers.
Hence, in this case, then Greece answer is MANUFACTURING and MERCHANDIZING Business.
What type of credit involves a set number of payments at a set dollar amount for a fixed period of time?.
Installment credit involves a set number of payments at a set dollar amount for a fixed period of time.
What is installment credit?Installment credit is regarded as a method of credit where the repayment of the amount along with interest is made at regular intervals, and the periodic payments are also fixed. It is also known as EMI.
Hence, the significance of installment credit is aforementioned.
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A company is required to have material data safety sheets for what types of materials? read more >>.
Any product that is thought to be a harmful chemical must have a safety data sheet. The Hazard Communication Standard (HCS) defines a hazardous chemical as any material that puts human health or safety at risk.
What kinds of materials need material data safety sheets in a business?The creation or acquisition of an MSDS is needed for each hazardous chemical produced or imported by manufacturers and importers. With the initial shipment of the chemical, as well as after an MSDS is updated, all distributors and employers must be provided with the pertinent MSDS.
What do safety data sheets serve as a means of?A safety data sheet (SDS, also known as a material safety data sheet) is an essential tool for understanding the risks associated with the use, handling, and storage of dangerous goods and/or hazardous substances in the workplace and can help reduce or eliminate those risks.
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Answer:
In the United States, OSHA requires employers to make material safety data sheets available to employees for any harmful substance that is handled in their workplace.
Explanation:
Intro to Business and Technology Course
the most direct way for someone to gain on the job experience and earn money while doing school is to do what?\
Answer:
a work study program
Explanation:
i searched it up
Type the correct answer in the box. Spell all words correctly. What do inventory firms use when moving delicate products? Inventory firms use________ belts when moving delicate products.
its not multiple choice- need help!
Answer:
conveyor belts
Explanation:
A conveyor belt is a moving band, e.g. a conveyor belt is used in airports when you are retrieving your luggage after you arrive to your destination. They can be used to transport bulk materials or delicate products. Their length also varies, since they can be very short, e.g. just a few feet, to very long, e.g. transport goods for many yards.
Which industry is the second-largest employer of teens
and young people?
What percentage of employed teens are employed by
the government?
I got it
is retail trade
and 7%
Answer:
I. Retail industry
ii. 7%
Explanation:
Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.
Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc
In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.
Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.
Answer:
Retail Trade
7%
Explanation:
Edge 2020
Which benefit does a lesson plan provide for the organization's administration by including the amount and type of materials and equipment needed to teach the lesson
A lesson plan provides multiple benefits for an organization's administration, including specifying the amount and type of materials and equipment needed to teach the lesson.
By including such details, the organization can efficiently allocate its resources to ensure that the lesson is delivered effectively. The lesson plan also allows the administration to track the progress of the curriculum and evaluate the effectiveness of the teaching methodology. Moreover, a lesson plan provides consistency in teaching and learning by ensuring that all teachers are following the same plan, making it easier to achieve the desired learning outcomes. Additionally, a lesson plan helps to save time, reduce stress, and minimize confusion in the classroom, as teachers can focus on delivering the lesson without worrying about the necessary materials and equipment. Overall, a well-prepared lesson plan can significantly benefit the organization's administration by providing a roadmap for effective teaching and learning.
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value: 10.00 points PA 3-8 Consider a four-step serial proces. Consider a four-step serial process with processing times given in the list below. There is one machine at each step of the process, and this is a machine-paced process Stet 1: 15 minutes per unit Step 2: 23 minutes per unit Step 3: 23 minutes per unit Step 4: 27 minutes per unit Assuming that the process starts out empty, how long will it take (in hours) to complete a batch of 123 units? (Do not round intermediate calculations. Round your answer to nearest hour) hours References eBook & Resources 吕0,3 F1 F2
It will take approximately 179 hours to complete a batch of 123 units.
Given the following data:
Step 1: 15 minutes per unit
Step 2: 23 minutes per unit
Step 3: 23 minutes per unit
Step 4: 27 minutes per unit
We need to find out how long it will take to complete a batch of 123 units. To calculate this, we need to use the formula:
T = (n x a) + (n - 1) x s
where,
T = time required to produce n units
a = processing time per unit
n = number of units to be produced
s = setup time in the process
n-1 = the number of setup times between the production of the first and last unit
Now let's calculate the time required to produce one unit for each step:
T1 = 15 minutes
T2 = 23 minutes
T3 = 23 minutes
T4 = 27 minutes
Using the above formula, we can calculate the total time it will take to complete the batch of 123 units:
T = (123 x 15) + (123 - 1) x (23 + 23 + 27)
T = (123 x 15) + (123 - 1) x 73
T = 1845 + 8880
T = 10725 minutes
To convert minutes to hours, we divide by 60:
10725 ÷ 60 = 178.75
Therefore, it will take approximately 179 hours to complete a batch of 123 units. (Rounded to the nearest hour).
Thus, the correct option is (C) 179 hours.
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what level of market coverage is typically used for products like honest tea beverages?
The level of market coverage that is been utilized in marketing some products such as honest tea beverages is Intensive distribution
Intensive distribution can be regarded as form of marketing strategy whereby a company tries to sell its product using small vendor and at times big store. It helps in the creation of brand awareness of the product which later result to higher sales. This method is been used fir products such as soft drinks, cigarettes.Therefore, Intensive distribution utilize retailers in distribution of goods
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in some cases, the financial statement headings will require additional input. True/False ?
There may be times when the financial statement headings require more details. Clicking "Hint" will take you to a tutorial video if one is available.
What is meant by the word "financial"?
The management of financial resources, which includes activities like budgeting, forecasting, borrowing, lending, and investing, is referred to as "finance." Personal, business, and public/government finances can all be separated into these three groups.
For private individuals, public organisations, and commercial firms, the term "finance" refers to all facets of resource and financial management. The three types of finance are business finance, personal finance, and public finance.
One aspect of finance is handling the business's money.
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Select the correct answer. What is a SWoT analysis?
A. marketing strategy
B. a market research strategy
C. a strategy to spot opportunities D. a strategy to allocate resources E. astrategy to understand resource allocation
Answer:
B
Explanation:
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT analysis (or SWOT matrix) is a strategic planning technique used to help a person or organization identify strengths, weaknesses, opportunities, and threats related to business competition or project planning.
Answer:
I think its C.
Explanation:
I'm trying to find the answer, too, but I know it's not B because I got it wrong before. D and E don't match SWOT at all, so those are out. It's either A or C. C seems the better bet though, as what I've learned from the internet, it helps in deciding a market research strategy, not being one itself.
So C is the right answer from using the process of elimination.
In establishing pay grades, which pay rate is established first?
A) minimum pay rate
B) midpoint
C) third quartile
D) maximum pay rate
In establishing pay grades, the first pay rate to be established is the minimum pay rate. Establishing pay grades refers to a systematic way of compensating an employee based on their skill, knowledge, expertise, and work experience. Pay grades assist organizations in determining the appropriate compensation for specific job positions.
To begin establishing pay grades, it is necessary to define the minimum, midpoint, and maximum pay rates. The minimum pay rate is established first, followed by the midpoint and maximum pay rates.What is the minimum pay rate?The minimum pay rate is the lowest wage that an employee can receive for a specific job position. It's the starting point of the compensation scale.
The wage is usually based on factors like the minimum wage laws, industry standards, and the company's financial resources.In summary, establishing pay grades begins with the minimum pay rate, followed by the midpoint and maximum pay rates. In establishing pay grades, the first pay rate to be established is the minimum pay rate. Establishing pay grades refers to a systematic way of compensating an employee based on their skill, knowledge, expertise, and work experience. Pay grades assist organizations in determining the appropriate compensation for specific job positions.
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When the Federal Reserve System buys bonds in the open market, the national debt
Must increase.
Must increase as long as the Fed buys only newly issued bonds.
Is not affected.
Will decrease because the Fed is a government agency.
When the Federal Reserve System buys bonds in the open market, the national debt is not affected (Option C).
The Federal Reserve System buys bonds in the open market in order to expand the money supply. The money supply is increased when the Fed buys bonds in the open market and decreases when it sells bonds in the open market. However, the national debt is not affected by this process.
The national debt is the total amount of money owed by the federal government. It is not affected by whether the Fed buys or sells bonds in the open market. The national debt is affected by the government's budget deficit, which is the difference between its spending and revenue. If the government spends more than it takes in, the budget deficit will increase and the national debt will also increase. If the government spends less than it takes in, the budget deficit will decrease and the national debt will also decrease.
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the central question in economics is how to: a. manage money and become wealthy. b. change people's wants to match their needs. c. change government economic policy. d. deal with the problem of scarcity.
The central question in economics is how to deal with the problem of scarcity. The study of economics is concerned with the allocation of resources in the face of scarcity. Scarcity is the fundamental problem faced by society in its attempts to satisfy infinite wants with finite resources. Therefore, economics is the science of scarcity.
In economics, the term scarcity refers to the limited availability of resources, which have alternative uses. Scarcity is a fundamental concept in economics because of the following reasons:
Human wants are unlimited, but resources are limited. As a result, society has to choose among alternative uses of resources.
Scarcity necessitates choices that have to be made among competing wants.Therefore, in economics, the central question is how to deal with the problem of scarcity.
It examines the ways to allocate scarce resources to satisfy the unlimited human wants.
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One benefit of a savings account is that you can earn interest on your deposits
O True
O False
Answer:
O True
Explanation:
A savings account offers a safe and secure platform for firms and households to save money. Savings accounts are offered by financial institutions such as banks and credit unions. When customers open savings accounts, they save by depositing money in their savings accounts.
Banks and credit unions require customer deposits to create loans for other customers. They encourage customers to save by offering interest on savings or deposits. It is true that banks pay interest on customer savings.
When someone makes a choice, what are all the other alternatives that are given up by making that choice called?
When someone makes a choice, what are all the other alternatives that are given up by making that choice called trade-offs.
All of economics is about tradeoffs. Any circumstance where choosing one course of action results in giving up another, often foregoing a reward or opportunity, is referred to as a tradeoff. A bonus in one area must be a minus in another, and in these zero-sum circumstances we encounter tradeoffs. The investigation of how humans distribute limited resources and bargain over opportunity costs is a central tenet of economic theory.
If we apply economic principles to resources other than money, economics provides instruments that we may utilize as guides for achieving our goals in life. Even while we all understand that money isn't limitless, we frequently treat our time, energy, and attention as if they are.
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What factors affect an adjustable rate mortgage?
interest rate for new loans, length of the initial phase, After the introduction period, the frequency of interest rate changes (such as per year) is one of the elements that effect an adjustable rate mortgage.
What is an adjustable-rate mortgage's biggest drawback?The likelihood of your rate increasing is a major drawback of an ARM. Your payment will climb if rates have gone up since you took out the loan.
What results in a rising adjustable-rate mortgage?Based on the market, the index varies. An adjustable-rate mortgage, loan's interest rate fluctuates based on changes in the index and the loan's margin. When you apply for the loan, the lender chooses which index your loan will use, and this decision often won't alter after closing.
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Strategic Sourcing is a comprehensive approach for locating and sourcing key suppliers, so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace. true false
Strategic Sourcing is an integrated approach of finding and sourcing the most reliable and valuable suppliers so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace.
Strategic sourcing requires collaboration and communication with internal stakeholders and suppliers to ensure all requirements are met. It’s a long-term procurement strategy that takes into account several factors, such as supplier performance, quality, cost, delivery time, risks, and innovation.
By using strategic sourcing, organizations can reduce their procurement costs, increase their competitiveness in the marketplace, and achieve long-term business objectives. This approach also helps organizations to mitigate supply chain risks, ensure business continuity, and maintain their reputation.
In conclusion, the statement "Strategic Sourcing is a comprehensive approach for locating and sourcing key suppliers, so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace" is true.
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