The current economic profit of the business is $-1 million (in millions). In accounting, profit refers to the total earnings that a company or business derives from its activities during a specified period.
In contrast, economic profit considers the opportunity costs associated with a business venture. Economic profit is defined as total revenue minus the total cost of both explicit and implicit costs.
Here, the company's current accounting costs are $2 million. Current revenue is $2.5 million. The accounting profit from making faux leather belts would be $1 million. Now we have to find the economic profit of the business.
The company's current revenue is $2.5 million. Accounting costs are $2 million.
The accounting profit is: Accounting profit = Revenue - Costs = $2.5 million - $2 million = $0.5 million
Now to find the economic profit, we need to consider the implicit costs of producing wallets. The implicit cost is the loss of revenue from not producing belts.
Economic profit = Accounting profit - Implicit cost Implicit cost = $1 million (Revenue if making belts) - $2.5 million (Current Revenue)= $-1.5 million
Therefore, Economic profit = Accounting profit - Implicit cost= $0.5 million - $1.5 million= $-1 million So, the current economic profit of the business is $-1 million (in millions).
Learn more about opportunity costs here.
https://brainly.com/question/13036997
#SPJ11
2. Simplify the following
\( (\frac{1}{a} - \frac{1}{b} ) { }^{ - 1 } \)
Explain the relationship between deductibles and premiums
Explain the roles of insurance on having a strategic and strong financial plan.
Answer:
join bmt-cnup-egu on meet
.
.
.
explain how a jit inventory system could maximize profitability by eliminating waste and opportunity cost
The meaurment of the ∠D= 40°, ∠A=140°, ∠B=130.
Given in the image we can see ∠C and ∠ D is an acute angle and the value of ∠C is 50° so ∠D must be 40° according to the image.
The sum of the angle on the same side of trapezoid is equal to 180°. so ∠A+D and ∠C+∠B= 180°. ∠A+40°=180°. after substracting the value ∠A will be 140° and by same method ∠B+50°=180°. we will get ∠B=130°.
Therefore ∠D= 40°, ∠A= 140°, ∠B= 130°.
To learn more about acute angle
https://brainly.com/question/10334248
#SPJ11
Three roads lead into a stadium's parking areas. Each road has four lanes (two in each direction) with a capacity of 1,000 vehicles/lane/hour. If 10,000 vehicles are expected for a game, how long will it take for all of them to enter the parking areas?
Answer:
Option A
Explanation:
The complete question is
Three roads lead into a stadium's parking areas. Each road has four lanes (two in each direction) with a capacity of 1,000 vehicles/lane/hour. If 10,000 vehicles are expected for a game, how long will it take for all of them to enter the parking areas?
a) 2 hours
b) 1 hour
c) 1 hour and 40 minutes
d) 90 minutes
Solution
There are four lanes.
Capacity of one lane is equal to 1,000 vehicles/lane/hour.
Let us say that each lane will provide access to equal number of vehicles
Thus, each lane will allow 10,000/4 = 2500 vehicles per hour
Time taken by 2500 vehicles on road to reach parking is equal to 2.5 hours.
The nearest answer to this option A i.e two hours
A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads, at a pay rate of $13 per hour per employee. Each employee identifies an average of 3,500 potential leads a week from a list of 4,900. An average of 8 percent of potential leads actually sign up for the service, paying a one-time fee of $90. Material costs are $1,500 per week, and overhead costs are $9,000 per week.Calculate the multifactor productivity for this operation in fees generated per dollar of input. (Round your answer to 2 decimal places.)
Multifactor productivity
Answer:
6.27
Explanation:
The computation of Multifactor productivity is shown below:-
Multifactor productivity = (Potential leads × Number of workers × Fees × Conversion percentage) ÷ (Labor cost + Material cost + Overhead cost)
= (3,500 × 3 × $90 × 0.08) ÷ ((3 × 40 × $13) + $1,500 + $9,000)
= $75,600 ÷ $12,060
= 6.27
Therefore for computing the multifactor productivity we simply applied the above formula.
A certified financial advisor, who works for an accredited nonprofit specializing in
helping consumers repay debt in a responsible manner through education,
budgeting, and other tools
Answer:
credit counselor
Explanation:
A credit counselor is a certified professional whose work entails guiding clients to repay off their debts. A credit counselor is an expert in money management, personal budgeting, and debt control. He or she helps a client develop a debt repayment plan and may negotiate lower interest rates with creditors.
A credit counselor works in a non-profit making organization that offers credit counseling services. They offer advice on finance and money management and educates clients on their preparing personal budget
Who are office chief , sectional chief and assistant in school ?
Answer:
Post of the principle : A principal in a company is typically the owner, founder or chief executive officer (CEO) of a company. In some situations, the principal might be someone who owns most of the company's equity and is responsible for making big business decisions.
Post of the teacher : Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
Post of the counter worker : They call the childs parents if anything is wrong at school and is responsible of collecting the school fees and payment
Explanation:
Answer:
Sectional chief is the bridge between top and low level chiefs. One of the most important functions of a sectional chief is to report the performance, problems and achievements of the department to the office chief. Office Assistant: They are those personnel who work at lower level in an organization.
Teacher's post: Teaching post means any post in a school or institution occupied by a teacher for the purpose of teaching. teaching post means a post, the duties of which involve teaching and training the students and other academic responsibilities.
QUESTION 2 of 10: Your company offers continuous online training. If each online lesson is 20 minutes long, and there are 90 lessons, how
many hours will each employee complete to finish all the lessons?
a) 33
b) 1.5
c) 30
d) 90
Submit
Pricing & Sales
Answer:
c) 30
Explanation:
One online lesson takes 20 mins.
There are 90 lessons.
The total time required to complete the 90 lessons will be
=20Mins x 90 lessons
=1800 mins
In hours = 1800/60
=30 hrs
Shawn lost $15,000 on his stock investments this past year. Which is true? (5 points)
He can deduct the loss from his property taxes.
He can recover the loss through his insurance.
He can deduct the loss from his taxable income.
He has to pay an administrative fee on the loss.
The TRUE statement about Shawn, who lost $15,000 on his stock investments this past year, is that C. He can deduct the loss from his taxable income.
Shawn's taxable income (capital gains) will be reduced by the amount of the investment loss. However, he can only recover $3,000 in each year while the remaining will be carried forward to subsequent years.
Shawn cannot recover the investment loss:
From his property taxesThrough his insuranceBy paying an administrative fee.
Thus, the true statement is C.
Learn more: https://brainly.com/question/25122530
What is the biggest financial worry of most individuals and what can they do about it
Your company is looking at purchasing a front-end loader and has narrowed the choice down totwo loaders. Loader 1 costs $150,000 with a useful life of seven years with a salvage value of
$10,000 at the end of the seventh year. Loader 2 costs $110,000 with a useful life of five years
with a salvage value of $10,000 at the end of the fifth year. The annual profit for either one is
$20,000. Using a MARR of 20%, which alternative should your company buy?
Based on the provided information and a minimum attractive rate of return (MARR) of 20%, the company should choose Loader 1 over Loader 2 for purchase.
To determine the better option, we need to calculate the present worth (PW) of each loader and compare them. Loader 1 has a useful life of seven years, and Loader 2 has a useful life of five years.
Both loaders have a salvage value of $10,000 at the end of their respective lifespans.
For Loader 1, the initial cost is $150,000, and the annual profit is $20,000.
Using the MARR of 20%, we can calculate the annual equivalent worth (AE) of the annual profit using the formula AE = (Annual Profit - Salvage Value) / (1 + MARR)^n, where n is the number of years. Substituting the values, AE1 = ($20,000 - $10,000) / \((1 + 0.20)^7\)= $9,090.91.
For Loader 2, the initial cost is $110,000, and the annual profit is also $20,000. Similarly, calculating the AE, we get AE2 = ($20,000 - $10,000) / (1 + 0.20)^5 = $10,909.09.
To find the PW, we multiply the AE by the appropriate factor: PW = AE * (1 + MARR)^n. For Loader 1, PW1 = \($9,090.91 * (1 + 0.20)^7\) = $53,527.19. For Loader 2, PW2 = $10,909.09 * (1 + 0.20)^5 = $55,114.80.
Learn more about minimum attractive rate of return here:
https://brainly.com/question/32197844
#SPJ11
Annoying isn't it. When people purposely answer your question when they know it's completely useless. Kinda like how I specifically told people NOT to answer the questions I asked because I was doing an experiment, and every time I did that, two people purposely answered my question when they were told not to.
People are d. i. c. k. s.
Answer:
wow
Explanation:
I'm gonna type a random answer
Judging is:
Select the best answer choice.
A.
One's openness and flexibility to new information
B.
Perceiving people
C.
Responding to what the world throws at an individual
D.
Imposing order on the outside world
A monopolistic competitor faces a __________ demand curve and its price is __________ marginal revenue.
A monopolistic competitor faces a downward sloping demand curve and its price is equal to marginal revenue.
What is monopolistic competition?A form of imperfect competition known as monopolistic competition pits numerous producers against one another while still providing goods that are distinguishable from one another (for example, by branding or quality) and are thus not exact substitutes. In monopolistic competition, a corporation accepts the prices set by its competitors as given and pays no attention to how its own prices affect those of its rivals.
Monopolistic competition will turn into a government-granted monopoly if this occurs in the face of a coercive government. In contrast to ideal competition, the business keeps extra capacity. Industry models frequently adopt monopolistic competition models. Restaurants, cereals, apparel, shoes, and service sectors in big cities are a few examples of industries with market systems resembling monopolistic rivalry from textbooks.
Learn more about monopolistic competition here:
https://brainly.com/question/29407851
#SPJ2
What should a consumer consider when deciding whether to purchase a new insurance policy?
A. Whether it has the highest possible deductible compared to other policies
B. Whether it has the highest possible premiums compared to other policies
C. Whether its premiums are worth more than its potential benefits over time
D. Whether its potential benefits are worth more than its premiums over time
A customer should examine if the prospective benefits outweigh the premiums.
Option D. is correct.
Define insurance.An insurance policy is a contract in which a person pays a firm money in exchange for the company promising to pay cash if the individual is harmed or dies, or to compensate for the worth of lost or damaged property.
Over time, a customer should examine if the prospective benefits outweigh the premiums.
Option D. is correct.
Find out more information about insurance here:
https://brainly.com/question/989103?referrer=searchResults
the marginal rate of substitution is ______________.
Answer:
the amount of goods a consumer is willing to buy compared to another good
A) Acquisitions and takeovers can cause a reduced level of motivation among the employees.
B) Through Merger & Acquisition, a business can quickly enter new markets and product categories with a well-known brand.
The two given sentences are relevant to Merger & Acquisition. Acquisitions and takeovers can cause a reduced level of motivation among the employees, and also helps a business to quickly enter new markets and product categories with a well-known brand.
What is Merger & Acquisition?Mergers and acquisitions are business transactions in which the ownership of a company, another business organization, or its operating units is transferred to or consolidated with that of another company or business organisation.
A company may outright buy and absorb another company, merge with it to form a new company, acquire some or all of its major assets, make a tender offer for its stock, or stage a hostile takeover. All of these are mergers and acquisitions. M&A is also used to describe the divisions of financial institutions that deal with such transactions.
A corporate merger or acquisition can have a significant impact on a company's long-term growth prospects.
Therefore, the two sentences are correct effects of Merger & Acquisition.
To learn more about Merger & Acquisition, click here:
https://brainly.com/question/29487769
#SPJ2
__ is a process established by the board of directors providing reasonable assurance for operations to be efficient and effective. Group of answer choices Service transition Proactive analysis Internal control Knowledge management
Answer:
Internal Control is a process established by the board of directors providing reasonable assurance for operations to be efficient and effective. Group of answer choices Service transition Proactive analysis Internal control Knowledge management
- Who is known as the father of OB? - What disciplines does OB pull from? - What are the 3 levels of analysis? - What does B=f(P)(E) mean? - What is the connection between Organizational Behavior and Organizational Development? - "In OB, why is "it depends" a common response?
Who is known as the father of OB?
The Father of Organizational Behavior is Chester Bernard, who was a social scientist, administrator, and author of various management books.What disciplines does OB pull from?OB (Organizational Behavior) pulls from a variety of disciplines, including psychology, sociology, anthropology, economics, and political science, to mention a few. Furthermore, it draws on various theories and models from these fields.What are the 3 levels of analysis?OB examines behavior at three levels of analysis, which are individual, group, and organizational.What does B=f(P)(E) mean?B=f(P)(E) refers to a conceptual model developed by psychologist Kurt Lewin, which states that behavior is a function of both the individual's personality and the surrounding environment.
What is the connection between Organizational Behavior and Organizational Development?
The goal of Organizational Behavior (OB) and Organizational Development (OD) is to improve organizational effectiveness. OB focuses on understanding how individuals behave in organizations, whereas OD focuses on improving the organization's overall performance."In OB, why is "it depends" a common response?Because people are complex, and their actions can be influenced by a variety of factors. As a result, "it depends" is frequently used in OB as a common response to complex inquiries.
To know more about OB, visit:
https://brainly.com/question/30652469
#SPJ11
The median always falls between the mean and the mode.
a. True
b. False
Answer:
The mode is always less than the median, which is less than the mean, if the data distribution is skewed to the right .
Lucky Bay bank holds a 20-year, fixed-rate, 11% annual coupon $100,000 par value bond. If
interest rates decreases by 25 basis points, what is the impact on the bank's book value
capital from a regulatory perspective?
Select one:
A. An increase of $2,023
B. An increase of $250
C. A decrease of $250
D. A decrease of $1,959
E. No impact on capital since the book value is unchanged.
C. A decrease of $250. When interest rates decrease, the value of fixed-rate BONDs increases. As a result, the bank's book value capital decreases from a regulatory perspective.
The impact on the bank's book value capital can be calculated by multiplying the change in interest rates (25 basis points or 0.25%) by the duration of the bond .
Given that the bond has a 20-year maturity and a fixed 11% annual coupon, we can calculate the duration using the following formula:
Duration = (Present Value of Cash Flows Weighted by Time) / Current Bond Price
Since the bond has a $100,000 par value and an 11% annual coupon rate, the cash flows consist of the annual coupon payment of $11,000 for 20 years and the principal repayment of $100,000 at maturity.
Using the formula to calculate duration, we find:
Duration = [(($11,000 × 1) + ($11,000 × 2) + ... + ($11,000 × 20)) + ($100,000 × 20)] / Current Bond Price
To calculate the impact on book value capital, we multiply the duration by the change in interest rates. Since interest rates decreased by 25 basis points (0.25%), we have:
Impact on Book Value Capital = Duration × Change in Interest Rates
By substituting the values into the formula, we find the impact on book value capital to be a decrease of $250.
Learn more about bond here:
https://brainly.com/question/31994049
#SPJ11
Many businesses optimize their website to incorporate a ______ with simplified navigation to accommodate smartphones and tablets.
Many businesses optimize their website to incorporate a mobile-first strategy with simplified navigation to accommodate smartphones and tablets.
What is the importance of the "mobile first" strategy?The "mobile first" principle, in other words, plays a significant role in product design. On the one hand, it increases designers' efficiency and helps to shorten the product design process. On the other hand, it makes product content a more important consideration for designers, which helps them produce clean and useful designs.
What does a "mobile first" strategy mean?A "mobile-first" strategy entails designing a desktop site first for mobile, and then adapting it for larger screens. Instead of starting with a desktop site and then adapting it for smaller screens, as is the norm.
To know more about mobile first strategy visit:
https://brainly.com/question/28234222
#SPJ4
in an economy with constant velocity, a real gross domestic product growth rate of 2 percent, an ex ante real interest rate of 3 percent, and a money supply that is expected to grow at 7 percent, the nominal interest rate would be percent.
The nominal interest rate would be 12%. Nominal interest rate is the percentage rate of interest that is quoted on a loan or deposit, without adjusting for inflation.
Nominal interest rate is the interest rate as it is stated, without any adjustment for the effect of inflation on the purchasing power of the money that will be received. It is the rate of interest that borrowers pay on loans and the rate of interest that depositors receive on savings and other deposit accounts.
To determine the nominal interest rate you can use this formula:
Nominal interest rate = Real GDP growth rate + Ex ante real interest rate + Expected growth rate of money supply
In this case:
Nominal interest rate = 2 percent + 3 percent + 7 percent
Nominal interest rate = 12%
Learn more about nominal interest rate, here https://brainly.com/question/13324776
#SPJ4
6. How will a court decide whether it should order Berner to refrain from using the term
air door?
Air curtains are frequently used to keep flying pests, dust, debris, and wind out of a building. Air curtains form an air barrier between the conditioned interior air and the outside air.
What is the purpose of an air door?An air curtain, also known as an air door, is a machine that creates an air seal by blowing a controlled stream of air across an opening to the other side. This seal separates two environments while allowing for a continuous flow of traffic and unobstructed vision through the opening.
To lock or unlock, simultaneously press and hold the left and right arrows for 5 seconds; the Locked light will illuminate. If the PASScode option is enabled, any attempt to unlock the control will result in the display of PASS followed by a 0000 prompt for a four-digit unlock code.
Learn more about an air door here:
https://brainly.com/question/28523343
#SPJ1
Question 7
Supply Side Economics is the approach that advocates regulation on industry
O True
O False
marney bought a dress from a retail store. which type of transaction was marney participating in?
Marney was participating in a retail transaction. A retail transaction involves the sale of goods or services from a business to a customer for personal or household use.
In this case, Marney purchased a dress from a retail store, which is a common example of a retail transaction. Retail transactions typically take place in physical stores, although they can also occur online or through other channels such as mail-order catalogues. The retail transaction model is widely used in the economy and is an important component of consumer spending, which accounts for a significant portion of economic activity.
Learn more about retail store, here:
brainly.com/question/27293552
#SPJ11
A set of collectible dolls was very popular during the holiday season, but, as is the case with many toy fads, has dropped off significantly in the following months. A surplus of dolls now lines the shelves of retailers across the country. In the absence of government intervention, what is likely to occur?
1. The low price brought about by a decrease in demand will incentivize producers to increase the quantity of dolls supplied to the market.
The low price brought about by a decrease in demand will incentivize producers to increase the quantity of dolls supplied to the market.
2. The high price brought about by an increase in demand will incentivize producers to increase the quantity of dolls supplied to the market.
The high price brought about by an increase in demand will incentivize producers to increase the quantity of dolls supplied to the market.
3. The low price brought about by a decrease in demand will incentivize producers to decrease the quantity of dolls supplied to the market.
The low price brought about by a decrease in demand will incentivize producers to decrease the quantity of dolls supplied to the market.
4. The high price brought about by an increase in demand will incentivize producers to decrease the quantity of dolls supplied to the market.
Answer:
3
Explanation:
Answer:
3. The low price brought about by a decrease in demand will incentivize producers to decrease the quantity of dolls supplied to the market.
The figure below represents the U.S. market for steel imports from South Korea. The South Korean government provides an export subsidy of $25 per ton, and South Korean firms use the subsidy to reduce their export price to the United States to $375 per ton.
The South Korean government's export subsidy allows South Korean steel producers to reduce their export price to the United States to $375 per ton, making it more competitive in the U.S. market. This strategy helps South Korean steel firms increase their market share and strengthens their position in the global steel industry.
The correct answer is option D. An export subsidy of $25 per ton provided by the South Korean government will result in a lower price of $375 per ton for the steel that is being imported by the United States.In the given scenario, the South Korean government provides an export subsidy of $25 per ton to the South Korean steel industry. The South Korean firms use this subsidy to lower their export price to the United States. As a result, the price of steel being exported to the United States from South Korea decreases to $375 per ton. Therefore, option D is the correct answer.
Visit here to learn more about Export and Import:
https://brainly.com/question/29786130
#SPJ11
Tombro Industries is in the process of automating one of its plants and developing a flexible manufacturing system. The company is finding it necessary to make many changes in operating procedures. Pr
Tombro Industries is currently in the process of automating one of its plants and implementing a flexible manufacturing system.
This transition requires several changes in operating procedures. A flexible manufacturing system (FMS) is a manufacturing approach that aims to increase efficiency and adaptability by integrating computer-controlled machines and processes. Here are the steps Tombro Industries can take to implement a flexible manufacturing system: 1. Assessing current processes: The company needs to evaluate its current manufacturing processes and identify areas that can benefit from automation and flexibility.
This includes analyzing production lines, workflow, and identifying any bottlenecks or inefficiencies. 2. Identifying automation opportunities: Tombro Industries should determine which tasks or processes can be automated using computer-controlled machines. This may involve replacing manual operations with robotics or implementing computer numerical control (CNC) machines for precision and consistency. 3. Integrating machines and systems: The company needs to ensure that the automated machines and systems can communicate and work together seamlessly.
Learn more about flexible manufacturing system here:https://brainly.com/question/31465969
#SPJ11
What is the product 0.3 × 8.7? please help me
Answer:
2.61
Explanation: