What is supernormal or pure economic profit?
Answers
Supernormal or pure economic profit is a concept in economics that refers to the amount of profit that is earned above and beyond what is necessary to compensate the owners of a business for their time, labor, and capital investment.
In other words, supernormal profit is the profit that a business earns after covering all of its costs, including the opportunity cost of the capital invested by the owners. The opportunity cost is the return that the owners could have earned by investing their capital in an alternative opportunity.
Supernormal profit is often used as a measure of a business's economic success, as it indicates that the business is earning more than the minimum required to remain in operation. It can also be a signal to other firms that there is a profitable opportunity in the market, which can lead to increased competition and ultimately lower profits.
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Related Questions
which of the international operations strategies uses import/export or licensing of existing products? part 2 a. transnational strategy b. global strategy c. multidomestic strategy d. international strategy e. worldwide strategy
Answers
International strategy is the international operations strategies that uses import/export or licensing of existing products.
What is meant by international strategy?The term international sttaretgy has to do with all of the strategies that are used for the creation of values through the transferring of core competencies in such a way that they would be transferred to the international market scene where there are no competencies from the existing competitors.
Hence we can say that International strategy is the international operations strategies that uses import/export or licensing of existing products.
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You represent a buyer in a transaction that includes a 2% cooperating agent commission to be paid by the seller who is your client
Answers
Based on the fact that there is a 2% commission that is given as an agent, the client is the buyer.
What is a Commission?This refers to the percentage amount that is paid to an agent for the sale of a property.
Hence, we can see that based on the transaction made between the seller and the client, there is an agreed 2% commission fee paid and this shows that the client is the buyer.
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what are the important features of utility?
Answers
Answer:
Utility is the want-satisfying power of a commodity. It is the satisfaction, actual or expected, obtained from the consumption of a commodity. Characteristics of Utility are: Utility is psychological: It depends on the mental attitude and assessment of the person consuming the commodity and also his likes and dislikes.
penny and Theodore comprise a scheme whereby Penny will send information to Theodore in regards to the moves her telecommunications company is making when she learns about it in their company's internal strategy meeting so he can make a better stock trade. This is known as
Answers
Answer:
I think this is Insider trading
Explanation:
insider trading is an illegal practice where someone uses their own advantage of having access to confiditional information to practice stock trading on the stock exchange
do any of yall like Pokémon
Answers
Answer:
yes
Explanation:
Answer:
Yes
Explanation:
I DO I FINISHED INDIGO LEAGUE AND NOW IM ON SUN MOON
What is a file manager? Give an example the file manager is a user medium platform interface
Answers
Answer:
The Android File Manager app helps users manage and transfer files between the smartphone's storage and a computer. ... The Android operating system allows you to remove apps quickly if you no longer use them or to make room for additional files without having to connect the phone to your computer.
Explanation:
If management operates to maximize the firm's profits, this will also maximize the market value of stockholders' wealth.
a. True
b. False
Answers
Answer:
b. False
Explanation:
The shareholder wealth could be maximized when there is a rise in the stock price as when the stock price rises, it automatically rised the value of the firm and the net worth also
Therefore in the given situation, in case when the firm wants to maximise its profits so it not necessary to increased the market value
Therefore the given statement is false
If the CPI was 95 in 1955 and is 475 today, then $100 today purchases the same amount of goods and services as a. $4.75 purchased in 1955. b. $95.00 purchased in 1955. c. $20.00 purchased in 1955. d. $500 purchased in 1955.
Answers
If the CPI was 95 in 1955 and is now 475, then $100 now buys the same amount of goods and services as $20.00 in 1955. Hence, the correct answer is (c.) $20.00 purchased in 1955.
What Exactly Is CPI?A consumer price index (CPI) is a price index that assesses the cost of a market basket of consumer goods and services purchased by households. Price changes throughout time are reflected in variations in the measured CPI.
A consumer price index (CPI) is a statistical estimate based on the prices of a representative sample of items whose prices are collected on a regular basis. Sub-indices and sub-sub-indices for various product and service categories and sub-categories can be computed and combined to produce the overall index, with weights representing their fraction of total consumer expenditures covered by the index. Most national statistics agencies calculate it as one of several price indices. The yearly percentage change in a CPI is used to calculate inflation.
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which items are examples of components likely found in tables? Check all that apply. Header row, banded row, header colums, total row, header row drop-down arrow, total row drop-down arrow.
Answers
header row, banded rows, total row, drop-down arrow for header row, and drop-down arrow for total row.
What does the Insert table dialog box do?Use the Table Assistant or this dialog box to create a straightforward table. Select Insert > Standard > Table or drag the standard Table object from the Standard category of the Object Library palette into the Layout Editor to display this dialog box.
How do you locate the formatting rule dialog box?In a report with a range, table, or PivotTable, choose one or more cells. Click Manage Rules after clicking the arrow next to Conditional Formatting in the Styles group of the Home tab. The dialog box for the Conditional Formatting Rules Manager appears.
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Two-thirds of a number is two more than one-half of another number. The sum of the number is 129. Find the numbers.
Answers
Answer: 57 ; 72
Explanation:
Given information
2/3 of a number is 2 more than (1/2) of another number
Sum = 129
Set variables
Let x be the first number
Let y be the other number
Set system of equations
\(1)~\dfrac{2}{3} x=\dfrac{1}{2} y+2\)
\(2)~x + y=129\)
Eliminate fractions in the 1) equation
\(\dfrac{2}{3} x\times6=\dfrac{1}{2} y\times6+2\times6\)
\(4x=3y+12\)
Move x and y onto the same side
\(4x-3y=12\)
Current System
\(1)~4x-3y=12\)
\(2)~x + y=129\)
Multiply 3 on both sides in 2) equation
\(x\times3 + y\times3=129\times3\)
\(3x+3y=387\)
Current System
\(1)~4x-3y=12\)
\(2)~3x+3y=387\)
Add 1) equation and 2) equation together
\((4x - 3y)+(3x+3y)=(12)+(387)\)
Expand parenthesis and combine like terms
\(4x - 3y + 3x + 3y = 12 + 387\)
\(4x + 3x - 3y + 3y=399\)
\(7x=399\)
Divide 7 on both sides
\(7x\div7=399\div7\)
\(\Large\boxed{x=57}\)
Substitute the x value into one of the equations to find the y value
x + y = 129
(57) + y = 129
y = 129 - 57
\(\Large\boxed{y=72}\)
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Instead of $7,500, how much would the prize need to be so that a risk-neutral person would be indifferent between rolling the die or simply taking the $1,500?
Answers
Because a risk-neutral person is indifferent, pay him with $900
What is Risk Neutral?When an investor or decision maker shows no concern towards the risks whilst making strategic decisions, they are known as risk-neutral.
Such individuals do not analyze potential risks and only pay attention to the expected returns or benefits of their investments or decisions.
This approach does not imply that these individuals take reckless steps or act in a careless manner; instead, they have the ability to evaluate and quantify risks using rational ways based on anticipated outcomes. Risk neutrality usually finds its application in financial modeling and option pricing methodologies.
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Which of the following financial institutions does not take customer
deposits?
A. Investment bank
B. Credit union
C. Commercial bank
D. Savings bank
Answers
Option (A) Investment bank is correct.
Investment bank does not take customer deposits.
What meant by Investment bank?Investment banks are financial institutions that sell their services and act as a middleman in complex transactions like mergers or a startup's initial public offering (IPO). They are also capable of acting as brokers or financial advisers for significant institutional clients like pension funds.
Investment banks do not accept deposits; rather, they help individuals, groups, and governments raise money by issuing securities. Investment companies, often known as mutual fund companies, pool money from institutional and ordinary investors to offer them access to a greater variety of assets. While some financial institutions take deposits, others only offer particular banking services. These non-depository financial institutions include brokerage houses, finance companies, insurance companies, and pension funds. They provide services to both people and companies.
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In order to implement contractionary policy, the government and central bank must _____ goverment spending _______ taxes, and _____ interst rates.
Answers
Answer:
increase, decrease, decrease
Explanation:
Written communication involves the exchange of information between a sender and a ______.
a.
Transcriber
b.
Receiver
c.
Author
d.
Customer
Answers
Answer:
Written communication involves the exchange of information between a sender and a receiver :3
Explanation:
:3
Answer:
b
Explanation:
edge
A firm's ___________ consist of expenditures that must be made before production starts that typically, over the short run, _______________ regardless of the level of production. Group of answer choices fixed costs; are consistently changing, fixed costs; do not change, variable costs; do not change, variable costs; are constantly changing,
Answers
1. fixed costs
2. do not change
hope this helps
The current value of a property is $140,000. The property is assessed at 40% of its current value for real estate tax purposes, with an equalization factor of 1.5 applied to the assessed value. If the tax rate is $4 per $100 of assessed valuation, what is the amount of tax due on the property? A. $840 B. $2,100
C. $2,240
D. $3,360
Answers
The amount of tax due on the property is $3,360, which corresponds to d.
to calculate the amount of tax due on the property, we need to follow these steps:
1. determine the assessed value of the property: the property is assessed at 40% of its current value, so the assessed value is 40% of $140,000, which is $56,000.
2. apply the equalization factor: the equalization factor of 1.5 is applied to the assessed value. multiplying the assessed value by 1.5 gives us $56,000 * 1.5 = $84,000.
3. calculate the taxable value: the taxable value is the assessed value after applying the equalization factor. in this case, the taxable value is $84,000.
4. calculate the tax amount: the tax rate is $4 per $100 of assessed valuation. to calculate the tax amount, we divide the taxable value by 100 and then multiply it by the tax rate: ($84,000 / 100) * $4 = $3,360.
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The US Supreme Court did what in Piscataway Board of Education v. Taxman, 521 U.S. 1117, 117 S.Ct. 2506 (1997)?
Answers
Answer:
The case was never heard in the United States Supreme Court.
Explanation:
The board of education of Piscataway High School, New Jersey desired to remove one teaching position from the Business Education department. A hindrance to this was the fact that the two teachers being considered had indefinite appointments, and were equal in seniority. According to the state law, tenured teachers can be relieved of their duties in reverse order of seniority. Either Sharon Taxman, a white teacher, or Debra Williams an African-American teacher were to be relieved of their positions.
Taxman was chosen because African-Americans were a minority. Taxman contested this in the court. The case was never heard at the U.S Supreme court because some civil rights group wanted the case to be settled out of court. The United States Court of Appeal ruled in favor of Taxman.
wants to build its global sales volume quickly. it enters all markets at the lowest price possible it can charge, which undercuts the prices of all its competition. the company knows this might result in initial losses, but in a few years, it should be making substantial profits with a cost advantage over everyone else. this is an example of
Answers
If company wants to build its global sales volume quickly when it enters all markets at the lowest price possible is an example of Experience curve pricing.
To make substantial profit with a cost average over everyone else company use experience curve pricing. In experience curve pricing, a company initially charges a price lower than its average total cost with the expectation that costs would decrease as the firm produces more in the future. This curve suggests that the more you produce, the less each unit costs you. This happens because fixed overhead costs such as administration, insurance and rent remain constant while the number of units you produce goes up. You can calculate your per-unit cost based on the experience curve so that you can better manage your pricing in relation to productivity.
We calculate our pricing based on the experience curve that is number of units times variable cost per unit plus fixed overhead divided by the number of units, plus markup percentage you have chosen.
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Bonita Real Estate received a check for $28440 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $28440. Financial statements will be prepared on July 31. Bonita Real Estate should make the following adjusting entry on July 31:
A. Debit Cash, $28440; Credit Rent Revenue, $28440.
B. Debit Rent Revenue, $4740; Credit Unearned Rent Revenue, $4740.
C. Debit Unearned Rent Revenue, $4740; Credit Rent Revenue, $4740.
D. Debit Unearned Rent Revenue, $28440; Credit Rent Revenue, $28440.
Answers
Answer:
C. Debit Unearned Rent Revenue, $4740; Credit Rent Revenue, $4740.
Explanation:
When money is collected in advance for service yet to be rendered, we credit unearned revenue and debit cash. As the service becomes rendered, we debit unearned revenue with the amount earned and credit revenue.
Since the money was received on 1 July and the Financial statements will be prepared on July 31, by the date of the preparation, the company has earned 1 month rent. This rent is equivalent to
= $28440/6
= $4760
Hence the adjusting entry on July 31 will be
C. Debit Unearned Rent Revenue, $4740; Credit Rent Revenue, $4740.
What organizational & technical failures led to the data breach
at Equifax? (Please put where you got your sources from, thank
you!)
Answers
The organizational and technical failures that led to the Equifax data breach in 2017 have been extensively discussed and investigated. Sources such as the U.S. House of Representatives Committee on Oversight and Government Reform Report highlight the key failures.
These include the company's failure to patch a known vulnerability in a timely manner, inadequate security practices such as weak passwords and lack of encryption, poor communication and response to the breach, insufficient monitoring and detection systems, and issues with executive leadership and governance.
These failures collectively allowed hackers to exploit vulnerabilities, gain unauthorized access to sensitive data, and compromised the personal information of millions of individuals.
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Upload your narrative on economic participation in the space below.
Answers
Economic participation is mainly referred to as the contribution of individuals to the economy.
What is the economy?The economy of any country is determined by the ratio of production and consumption that takes place within a year and evaluates the flow of funds in the market by analyzing the purchasing parity of an individual.
Low purchasing power causes demand for low-quality goods to decrease when an individual's income decreases and high purchasing power causes demand to decrease when an individual's income rises.
When income rises, people's standards of living also improve because they can afford more expensive goods relative to their economic class, which promotes economic engagement in terms of consumption.
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cobe company has manufactured 210 partially finished cabinets at a cost of $52,500. these can be sold as is for $63,000. instead, the cabinets can be stained and fitted with hardware to make finished cabinets. further processing costs would be $12,600, and the finished cabinets could be sold for $84,000. (a) prepare a sell as is or process further analysis of income effects. (b) should the cabinets be sold as is or processed further and then sold?
Answers
Based on the income effect analysis, processing the cabinets further and then selling them would be the better option to maximize profit, but other factors such as demand, competition, and resources should also be considered.
(a) To analyze whether the cabinets should be sold as is or processed further, we need to compare the income effects of both options. Selling the cabinets as is would generate a revenue of $63,000, while processing them further would generate a revenue of $84,000 after incurring processing costs of $12,600. Therefore, the income effect of selling the cabinets as is would be $63,000 - $52,500 = $10,500, while the income effect of processing further would be $84,000 - $52,500 - $12,600 = $18,900.
(b) Based on the income effect analysis, it appears that processing the cabinets further and then selling them would be the better option. The income effect of processing further is $18,900, which is higher than the income effect of selling as is, which is $10,500. This means that processing the cabinets further would generate a higher profit than selling them as is. Therefore, the company should process the cabinets further and then sell them to maximize their profit.
However, there may be other factors to consider such as demand for finished cabinets, competition, and the time and resources required for processing. The company should take all these factors into account before making a final decision.
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According to rankings by many people over the years what is the number one expectation that people have a job they will enjoy
Answers
Answer:doing work that makes the best use of one's abilities and creates a feeling of accomplishment
Explanation:
I'm in 9th and just took that
Please help me. I will mark you as brainliest !!
a) You need to share information summarizing last week's sales department meeting with all
the departments in your company. Would email be a good choice for this interdepartmental
communication? Why or why not?
Answers
Answer:
This would be a good choice.
Explanation:
Emailing the departments the summary would be the best way to get them the information because it would be time-consuming to tell each person or hand them each a separate notes sheet. An email is a professional and easily accessible way to share information with a large number of people.
Answer:
yes email is good choice
Explanation:
What levels of risk does investing in the stock generally carry
medium
medium, high,
low, high
or low?
Answers
Low, high levels of risk does investing in the stock generally carry. Over the long term, stocks have the highest potential for growth for investors. Investors who have chosen to hold onto stocks for an extended length of time—say let's 15 years.
Typically been rewarded with robust, profitable returns. Utilize your associated banking account to open a risk and trading account. Access that trading account. Choose the shares you want to purchase or sell. Make sure you have the necessary investing funds in your account to purchase the shares stocks. taking dividends in— Many stocks distribute dividends, which are based on the company's earnings per share.
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I can only put away $2,000 a year toward retirement. I am 25 and plan on retiring at 65 and earning 5%. How much will I have at retirement?
Answers
Answer: $241,600
Explanation:
As this amount is a constant amount, it is an annuity. To find out the total amount after a certain period of time, use the future value of annuity formula.
Future value of annuity = Amount * [ {( 1 + rate) ^number of periods - 1} / rate]
Number of periods = 65 - 25 = 40
Future value of annuity = 2,000 * [ {(1 + 5%)⁴⁰ - 1} / 5%]
= 241,599.54
= $241,600
How can organizations influence consumer behaviors and increase awareness of the value of the triple bottom line?
Answers
Organizations can influence consumer behaviors and increase awareness of the value of the triple bottom line through various strategies such as marketing campaigns, education and information dissemination, and incorporating sustainable practices into their products and services.
One of the main ways organizations can influence consumer behaviors is through marketing campaigns that emphasize the triple bottom line concept. By highlighting the social, environmental, and economic benefits of their products or services, organizations can educate consumers about the value of considering sustainability and responsible business practices in their purchasing decisions. This can be done through advertising, social media campaigns, and other marketing channels that promote the positive impact of the organization's offerings.
Education and information dissemination also play a crucial role in increasing consumer awareness of the triple bottom line. Organizations can conduct awareness programs, workshops, and seminars to educate consumers about sustainable practices and the importance of considering social and environmental factors in their consumption choices. By providing information about the impact of consumer choices on the planet and society, organizations can empower consumers to make more informed decisions and prioritize products or services that align with their values.
Furthermore, organizations can lead by example by incorporating sustainable practices into their own operations and products. This includes implementing eco-friendly manufacturing processes, using renewable energy sources, reducing waste and carbon emissions, and sourcing ethically produced materials. By demonstrating their commitment to the triple bottom line, organizations can inspire consumers and set a positive example for the industry, encouraging other businesses and consumers to follow suit.
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4.Which of the following control frameworks groups IT business assurance objectives into thefive categories of availability, capability, functionality, protectability, and accountability?
A.COBIT.B.COSO.C.eSAC.D.ITGI.
Answers
The control framework that groups IT business assurance objectives into the five categories of availability, capability, functionality, protectability, and accountability is COBIT.
The correct answer is A. COBIT (Control Objectives for Information and Related Technologies) is the control framework that groups IT business assurance objectives into five categories: availability, capability, functionality, protectability, and accountability. Developed by ISACA, COBIT provides a comprehensive set of guidelines and best practices for organizations to manage and govern their IT infrastructure effectively.
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Answers
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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Amazon’s efforts to offer customers the option to return or purchase items in the physical world is a decision that most closely aligns with which of the elements of the retail marketing mix?
a) none of the above, b)product, c)distribution, d)price, e) promotion.
Answers
Amazon's efforts to offer customers the option to return or purchase items in the physical world, such as through its physical stores or pickup locations, primarily align with the "d) distribution" element of the retail marketing mix.
What is meant by distribution in retail marketing?
Distribution refers to the channels, methods, and locations through which products or services are made available to customers. In the case of Amazon, providing physical locations for customers to return or purchase items can be seen as a distribution strategy aimed at increasing convenience and accessibility for customers, and enhancing the overall customer experience.
The other options - product, price, and promotion - are other elements of the retail marketing mix but are not as closely related to Amazon's decision to offer physical world options for customers to return or purchase items.
"Product" refers to the characteristics, features, and benefits of the products or services being offered.
"Price" refers to the pricing strategy and tactics used by a retailer.
"Promotion" refers to the marketing communications and promotional activities used to promote products or services.
While these elements are important in the overall retail marketing mix, they are not as directly related to Amazon's decision to offer customers physical world options as the distribution element.
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