Which of the following is the Profit Equation?
Profit = (Price – Fixed Costs) x Units of Output + Variable Costs
Profit = (Price – Fixed Costs) x Units of Output – Variable Costs
Profit = (Price – Variable Costs per Unit) x Units of Output + Fixed Costs
Profit = (Price – Variable Costs per Unit) x Units of Output – Fixed Costs
Answers
Option (d) is the correct option. The Profit Equation can be defined as the mathematical formula that is used in order to calculate the profit generated from a business venture. It is basically a measurement of how much revenue a business has earned minus the costs of production.
The Profit Equation can be defined as the mathematical formula that is used in order to calculate the profit generated from a business venture. It is basically a measurement of how much revenue a business has earned minus the costs of production. The profit equation is: Profit = (Price – Variable Costs per Unit) x Units of Output – Fixed Costs
In this equation, the variable costs per unit are the costs that are directly associated with the production of one unit. The fixed costs are the costs that are not related to the production of a unit, but are still necessary for the business to function. In order to calculate the profit of a business, the price of the product or service sold is subtracted from the variable costs per unit, and the result is multiplied by the number of units of output.The fixed costs are then subtracted from this result, which gives the profit. The profit equation helps businesses to determine whether or not they are making a profit, and how much money they are making. It is important to note that the profit equation is only one part of the overall financial picture of a business, and other financial metrics such as cash flow and return on investment should also be considered.
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Related Questions
Your friend has been accepted into her #1 choice for college. She’s so excited that she doesn’t bother looking at her financial aid package and wants to confirm her spot right away. What do you tell her and why?
Answers
you should say that although you are beyond ecstatic for her, financial aid is vital for many who are applying to colleges. This could harm her in the long run if she continuously ignores the situation. It could create debt that she may not be able to pay off for many years so it is best that she looks into the financial aid plan before securing a spot
It's natural to be excited and want to confirm her spot right away, but I would suggest that she take the time to review her financial aid package before making any decisions.
What is importance of financial aid package?It's important to understand the financial commitments and obligations that come with attending college, as it can have a significant impact on her future finances. By reviewing the financial aid package, she can get a better understanding of the costs of attending the college and the amount of financial aid she'll receive, including scholarships, grants, and loans.
If she doesn't take the time to review the financial aid package, she may end up with unexpected costs and debt that could have been avoided. It's important to make an informed decision about college and ensure that it's a financially sound decision.
Therefore, I would advise your friend to take the time to review her financial aid package and understand the costs and obligations of attending her dream college before confirming her spot.
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Marietta opts into a Target app. When she enters a Target store, small Bluetooth devices scattered throughout the store send signals to her phone with personalized deals and information. This is an example of ______ technology.
a. tag.
b. RFID.
c. alien.
d. beacon.
Answers
Assuming small Bluetooth devices scattered throughout the store send signals to her phone. This is an example of d. beacon technology.
What is beacon technology?Beacon technology can be defined as a tiny or small wireless transmitter technology that help to send signals to devices.
One of the example of beacon is blutooth devices. Despite small in size they help to send signal to phone or user device and they as well makes use of low energy.
Inconclusion this is an example of d. beacon technology.
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Groups that have a strong interest in the success and outcomes of a business, such as employees, neighbors, or government regulators, are called
Answers
Stakeholders are those groups that have a strong interest in the result of the project or a business.
What are stakeholders?A stakeholder is a person or a group that has a vested interest in the course or outcome of a business and has a direct or indirect effect on the business or participates in it in one way or another.
Characteristics of stakeholders:It is any internal and/or external person or organization that has or may have the capacity to affect the activity of the organization.Stakeholders are members of the organization itself (managers, employees, shareholders), suppliers, consumers, neighbors and the market.Therefore, we can conclude that all stakeholders can be classified according to their interest in the company's mission.
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How can a free good become an economic good?
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A free good can become an economic good when its supply becomes limited or when there is an increase in demand for it.
What is a free good?A free good is a good that is available in abundance and can be obtained without any cost, such as air or sunlight. Since there is no cost associated with obtaining such goods, they do not have any market value and are not considered economic goods.
However, if the supply of a free good becomes limited or if there is an increase in demand for it, it can become an economic good. This is because people are willing to pay for a good that was once freely available but is now scarce or in demand.
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A free good can become an economic good if its availability declines, demand increases, or a mix of the two, causing the good to become scarce and thus increase in value, resulting in the acquisition of a price or cost.
Economic goods are goods that are made to meet the wants of the people. It has a certain price or cost, which is deducted to maintain consumption.
A free good is one that is not scarce and is accessible indefinitely. A free commodity has no opportunity cost to society and does not require scarce resources to be produced, so it has a zero marginal cost. A good that is made available at no cost, on the other hand, is not inherently a free good.
When the desire for a free good exceeds the supply, it becomes scarce and thus an economic good. For example, while air is a free good, it can become an economic good if it becomes polluted and limited.
Another example is water. Water is commonly thought to be a free good, but when it is processed, purified, piped, or dispersed in bottles, it consumes as a scarce resources and becomes an economic good.
When scarce resources are used to make a good, the producer incurs a cost known as the marginal cost; if the marginal cost is greater than zero, the good is an economic good.
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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625
Research cultural business communication etiquette for a country outside of the USA, and list 5 tips for successful cultural communication and etiquette in a business setting. Include the name of your country, the 5 tips (bulleted statements) and the website URL of your research used.
Answers
Answer:
wow
Explanation:
The title of the job you are seeking should be placed _____.
Answers
Answer: my cover letter
Explanation:
a consumer price index attempts to measure changes in:
Answers
A consumer price index attempts to measure changes in the prices paid by urban consumers for a market basket of consumer goods and services.
The consumer price index (CPI) is a measure that attempts to track changes in the prices paid by urban consumers for a market basket of consumer goods and services. It is used to gauge inflation and understand how the cost of living changes over time.
The CPI takes into account a wide range of goods and services that are commonly purchased by consumers, including food, housing, transportation, clothing, medical care, and recreation. By monitoring the prices of these items, the CPI provides an indication of how much more or less consumers need to spend to maintain their standard of living.
For example, if the CPI shows a significant increase over a certain period, it suggests that the overall cost of living has gone up. This means that consumers would need to spend more money to purchase the same goods and services as before. On the other hand, if the CPI shows a decrease, it indicates that the cost of living has decreased, and consumers would need to spend less money to maintain their standard of living.
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PLS HURRY THIS IS ALREADY LATE
professional relationships provide which of these benefits? Select all that apply
feelings of achievement
emotional support
financial rewards
fun experiences
Answers
Answer: 1 and 2
Explanation: EEEEEEEEEEEEEEEEEEEEEE I MIGHT BE WRONG BUT IM CONFIDENT IM NOT
Emotional support
Fun experiences
In general, which one of the following process strategies is likely to have higher inventory? O Mass Customization
O Product Focus O Repetitive Focus Process focus O Sustainable focus
Answers
The process strategy that is likely to have higher inventory is "Product Focus."
Product Focus is a process strategy that emphasizes the efficient production of standardized products in high volume. It involves a dedicated production line or facility that focuses on a specific product or product category. This strategy is commonly used in industries such as automobile manufacturing, electronics, and consumer goods.
With Product Focus, the goal is to achieve economies of scale and maximize efficiency by producing large quantities of the same product. This often leads to higher inventory levels because the production is geared towards meeting anticipated demand rather than being tailored to specific customer requirements.
Since Product Focus involves mass production, there is a need to build up and maintain sufficient inventory to meet customer demand. The production process is designed to operate continuously, producing large batches of products that are stored in inventory until they are needed or ordered by customers.
In contrast, other process strategies like Mass Customization, Repetitive Focus, and Sustainable Focus aim to minimize inventory levels by focusing on customization, flexibility, and lean production. These strategies prioritize producing products based on specific customer requirements, reducing waste and maximizing efficiency.
However, Product Focus, due to its emphasis on standardization and high-volume production, typically results in higher inventory levels as compared to other process strategies.
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One difficulty in using voluntary transactions to internalize externalities is that: _____________
a. the government usually will not enforce contracts of this type.
b. people are motivated by self-interest and are often unwilling to engage in a transaction that might make another person better off.
c. transaction costs of coming to an agreement can be very large when numerous people are involved.
d. people usually don't understand what the real opportunity costs are that they face.
Answers
Answer:
jesus
Explanation:
lol
angela, a friend of yours, has been considering investing in a brokerage account for a down payment on her future home. how much will she need to invest today, as a lump sum payment, to have $30,000 in 5 years assuming a discount rate of 7.5%? A.$20,896.76 B.$29,079.82 C.$30,000 D.$15,678.32
Answers
A useful tool that demonstrates the wealth accumulated over time is a lump sum calculator. The return on a lump-sum mutual fund investment can be calculated using this clever tool.
The formula box on a lump sum calculator is where you enter the investment amount, the estimated return on the investment in yearly percentage terms, and the investment period in years. The lump-sum calculator will instantly display the anticipated amount and wealth growth. Calculators that use a lump sum operate on the idea of future worth. You can use the lump-sum calculator to determine the future worth of your investment at a specific interest rate. The following equation must be used: PV(1 + r) = FV n Future Value, or FV P = Present Value n = Years, where r is the interest rate.
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When handling credit card payments, your organization needs to adhere to the _____.
Answers
Your company must follow the Payment Card Industry Data Security Standard (PCI DSS)while processing credit card payments.
What is Payment Card Industry Data Security Standard (PCI DSS)?A well-known collection of guidelines known as the Payment Card Industry Data Security Standard (PCI DSS) was created to safeguard cardholders' personal information and improve the security of transactions involving credit, debit, and cash cards.
Is PCI DSS a regulatory requirement?All organizations that accept, store, transfer, or otherwise handle cardholder data are required to adhere to the PCI DSS. Despite not being a federal requirement in the United States, the PCI DSS Standard is mandated by the PCI SSC. The council is composed of large credit card corporations. The PCI DSS is now included in certain state laws.
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7. The idea that business demand comes from a demand for consumer goods is referred to as
Answers
Loft Industries sells roof trusses to contractors and builders and is currently looking for honest feedback on its services. However, in the past, most of its efforts to procure feedback from customers did not yield any meaningful data. According to the marketing managers of Loft Industries, feedback was more polite than honest. Which of the following contact methods should Loft Industries most likely use to maximize its chances of receiving honest and impersonal feedback?
A) online focus groups
B) telephone interviews
C) mail questionnaires
D) group interviews
E) personal interviews
Answers
Answer:
The correct answer is C. Mail questionnaires.
Explanation:
Given that the company needs honest and sincere feedback regarding the quality of its products, and that its clients have so far not given the desired answers due to their education and lack of critical focus as a way to avoid hypothetical conflicts, the correct way to obtain honest and impersonal feedback regarding the quality of their products would be through mail questionnaires.
This is so because through these questionnaires, direct contact between the members of the company and its clients would be avoided, making the criticism or assessment much less personal for the client, which could be expanded without fear of possible reproach on the part of the members of Loft Industries. In this way, a space of sincere expression would be generated that would allow an objective assessment on the part of the clients.
A store advertises new TVs for $100 a month for six $600 in order to
A. encourage customers to buy more than one item
B. make a larger price tag look more manageable
C. make signage more attractive to shoppers
D. significantly reduce the amount of tax taken
Answers
Answer:
B. make a larger price tag look more manageable
Explanation:
A price tag of $600 may see a too high price for many customers. To eliminate the perception of a huge price/expensive TV, the store opts to spread the TV cost over six months. The customer will end up paying $600 for the TV( 6 x $100).
The $600 price tag may discourage some customers, which translates to a loss of sales. $100 for six months is attractive, pocket friendly and may generate many sales to the store.
Scenario 3: Your first semester of college, you take out a small loan to help pay for books. Despite being busy, you get a part time job. Although you don't have to pay your loan back until you graduate, you've saved enough by the end of the semester and you will pay off the loan in full. Does your credit score go up or down? Why does it go up or down? If your score goes down, how can you fix it?
Answers
A credit score rating is based on a credit score report, statistics usually sourced from credit score bureaus.
What is a credit score?A credit score rating is a numerical expression primarily based totally on a degree evaluation of a person's credit score files, to symbolize the creditworthiness of an individual.
As per the information,
1. The loan taken here is an unsecured loan, therefore, the early payment of the loan will increase the credit card score.
2. In this case, the credit card score will go up as pre-payment of small and unsecured will have a positive impact on the credit card score. The score goes up and down based on your credit card purchase behavior.
3. If the credit card score goes down, it can be fixed by maintaining a healthy credit card utilization ratio.
hence, in this way, the credit card score issues can be resolved.
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HD radio: a. is made possible by a small satellite transmitter in special radios. b. makes it possible for radio stations to transmit real-time text-based information services as well as programming. c. eliminates advertising. d. is only available in subscription form from certain car companies. e. broadcasts overseas stations in the US.
Answers
Answer:
b. makes it possible for radio stations to transmit real-time text-based information services as well as programming.
Explanation:
HD radio is a technical term used in describing the high definition of radio. It is characterized by its ability to transmit digital information or in-band on the channel. It is a better option compared to AM or FM radio.
Hence, considering the available options, the correct answer, in this case, is that HD radio "makes it possible for radio stations to transmit real-time text-based information services as well as programming."
How a commitment to a decision could assist a school leaver to adapt to the change of entrepreneurship
Answers
The commitment to a decision would help the school leaver to focus on a particular goal of entrepreneurship.
What is entrepreneurship?
This is a term that is used to refer to a business owner who is an innovator who is involved in taking risks for the sake of profit.
In order to focus on the goal of entrepreneurship the person must first try to get the niche that he or wants wants to get into.
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After a job interview, you should _____.
A. Celebrate
Write a thank you letter
call the interviewer immediately to see if you got the job
call your friend to tell them about the interview
Answers
Answer:
I think that after a job interview you should call your friend and tell them about the interview you should not celebrate because you don't know if you've gotten the job and if you call your friend they might give you hope on getting the job
what to do when opening your first online store
Answers
Answer:
You share it to everyone. Marketing is the first to do
What three types of taxes do most Americans pay for?
Answers
The three types of taxes do most Americans pay for are Federal, State and Municipal taxes.
The tax is a mandatory fee charge levied by any government or an individual or an organization to collect revenue for public works providing the best facilities and infrastructure.
The Federal taxes in which the U.S. of America, tax that you pay to the national government rather than to a state government.
The State taxes in which a tax that you pay to the state government rather than the national government.
The Municipal taxes are the property tax or military rate on the value of a property. The tax is levied by the governing authority of the jurisdiction in which the property is located.
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A direct mailer falls under the category of sales, not marketing.
True
False
Answers
Answer:
False.
Explanation:
A direct mailer can be defined as a form of marketing which involves the use of a mail service such as a courier or postal service to physically deliver a piece of promotional product or material to a target audience such as home or business. Some examples of a direct mailer are catalogs, postcards, solicitation letters, flyers, coupons, brochures etc.
Hence, a direct mailer falls under the category of marketing, not sales.
All changes saved
2. It's best for event marketers to have a single official website listing information about the event?
Answers
Answer:
True
Explanation:
Customers have a preference for a one-stop shopping experience. In other words, customers would prefer to shop in a store that provides a variety of all the products and services they need.
For event marketers, it will be advantageous if they list all their services on a single website. Customers requiring a wide range of services are likely to contact them for business. If they list services on different websites, customers will likely view them as different providers, offering varied services. This will make them continue searching for a preferred service provider.
although there are many functions that are important in both the start-up and management phases of the business, what two functions are considered to be primary concerns?
Answers
There are several important functions when starting-up and managing a business but the two primary functions are planning and financing.
What are the most important functions in business?When starting up a business, and then subsequently managing it, the most important, or the primary functions that one should be concerned with are planning and financing.
Planning ensures that one knows what the goals of the business are and so manages it to achieve those goals. Financing deals with ensuring that the funds needed to start the business and run it, are available.
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help quick!
According to the video, which qualities do Insurance Underwriters need? Check all that apply.
O communication skills
O customer service skills
Ocomputer skills
Oknowledge of sales strategies
Oan outgoing attitude
O a background in finance
Answers
Answer: 1 3 6 or A C F
Explanation:
I just did it on the edge
Answer:
ACF
Explanation:
got it correct on Edge 2020
How has private enterprise strengthened the united states economy?
Answers
Answer:
to generate prosperity and produce goods and services that meet people's needs and improve their lives.
Explanation:
Because businesses cannot outgrow the economy of their communities
Ikea offers young customers a selection of home furnishings featuring good design, function, and acceptable quality at low prices. Ikea is using which business level strategy
Answers
Answer: Focused cost leadership
Explanation:
Focused cost leadership could be described as targeting your market to a category of people only and not necessarily everyone. Some businesses do have a target market in mind when carrying out their production or sales. Their product isn't for everyone but this particular persons. They could design it from a normal general product but they will make it look perculiar and specific for this targeted market.
Complete the statement below using the correct term.
on the job under _____
Highly motivated people who seek help from the right people will advance and be able to
most conditions
Answers
When a person is highly motivated, they will be more likely to advance and overcome most conditions in a job under pressure.
What happens to highly motivated people?When a person is highly motivated to work, and seeks help from the right people, they will gain the necessary knowledge needed to advance in a company.
This means that their knowledge combined with their willingness to work hard on account of their motivation, will allow them to overcome most conditions regardless of the pressure they will be under.
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Average total cost is equal to Group of answer choices the difference between average fixed cost and average variable cost. the sum of average variable cost and total variable cost. the sum of average fixed cost and average variable cost. the sum of average fixed cost and total fixed cost.
Answers
Answer:
Total cost is equal to the A. sum of the average fixed cost and the average variable cost. B. product of the marginal cost multiplied by the average total cost. C. sum of the total fixed cost and the total variable cost. D. difference between the average variable cost and the average fixed cost.
Explanation: