Explain the difference between fixed costs and variable costs for firms, using Internet grocery shopping as an example.

Answers

Answer 1

Explanation:

Fixed cost is the cost that is constant for each unit of the item produced and does not depend upon the quantity of production. Fixed cost may include rent payment, insurance, interest payment.

whereas variable cost are cost that vary with quantity of output produced. It may include, labor cost, commissions, raw material, etc.

For Internet grocery shopping fixed cost can be cost of storing the grocery, insurance of inventory, electricity payment, cost of delivery to the customer, etc. whereas variable cost may be discount offered on quantity of purchase, Sale offers to attract customers, etc.


Related Questions


PLZ HELP
How are budgets different from other financial statements?

1. Budgets must be stored in a safe deposit box.


2. Budgets are available at any financial institution.


3. Budgets focus on future spending.


4. Budgets include details from past accounts.

Answers

3, Budgets focus on future spending

Budgets are estimates prepared for a future period of time based on past information. Hence, Option 3 is the correct statement.

What do you mean by Budget?

A budget is an estimate of revenue and expenses for a given future period of time that is typically compiled and re-evaluated on a regular basis.

Thus, Budgets are estimates prepared for a future period of time based on past spending activity. Hence, Option 3 is the correct statement.

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Highlight four reasons why a person may start a business
i).....​

Answers

Answer:

To create job opportunities

To earn or make profit

To new skill upskill

To demonstrate the value of entrepreneurs

Explanation:

Can we treat all small businesses the same? Why or Why not?

Answers

Answer:

Depends on what you define as small business, if you mean a mom and pop pharmaceutical store across the road that keeps the money within the family and has every member of the family working in the shop to create an infinite amount of revenue for themselves until they hit a profit, then sure. They contribute tax dollars to the community through supplying jobs and creating cheaper cost for locals, which gives incentive to buy more in bulk and thus creating more tax dollars. Unless you are talking about the man in the apartment building who makes home grade meals and sells them cheap to his community, then no. While he is contributing tax dollars all those dollars aren't going back into the community until he buys something with that money, and the people who spent that money just got  a tax free meal that 't go into the community didn't.

Explanation:

should i study fashion or business to be a fashion entrepunuer

Answers

Answer:

there must be specific courses for it which has both fashion and business

Answer:

It depends on if you enjoy it or not, but I would go with being a fashion entrepreneur :3

Explanation:

:3

Where does an employer first learn a worker’s basic information and job skills?
Group of answer choices

job application

phone screening

personal interview

on-boarding session

Answers

Answer:

job applications is the answer

Answer:

job application

Explanation:

help plz thanks

Drag each label to the correct location on the image. Not all tiles will be used.
Determine the purpose of conducting sales presentations.

Answers

Answer:

to share product information

here's a easy career question

Answers

The answer is A) adjunct

Hope this helps :)

FSU's bonds have a face value of $1,000 and are currently quoted at 867.25. The bonds have a coupon rate of 6.5 percent. What is the current yield on these bonds?

Answers

Answer:

the current yield is 7.49%

Explanation:

The computation of the current yield on the bond is shown below:

The current yield is

= Annual coupon payments ÷ Bond price

= ($1,000 ×6.5)  ÷  $867.25

= $65 ÷  $867.25

Hence, the current yield is 7.49%

what is the biggest attraction for business considering enganing in international business?

A. The lack of domestic resources

B. The cost of labor

C. The number of burdensome regulations

D. The size of the market​

Answers

Option D. The size of the market

This is because they have an idea that with a larger market size the can gain economies of scale and make a larger profit.

Using the 7/70 method, a person with an $80,000 annual income should purchase how much life insurance?



Group of answer choices

$392,000

$700,000

$490,000

$49,000

$7 million

Answers

Answer: $392,000

Explanation:

For the 7/70 method, one has to multiply the annual income by 70%. After the value is gotten, then we multiply the value gotten by 7 again.

Since the annual income is $80,000 l, the amount of life insurance that should be bought should be:

= ($80,000 × 70%) × 7

= ($80,000 × 0.7) × 7

= $56,000 × 7

= $392,000

Write a paragraph (5-8 sentences) that compares and contrasts grants, scholarships, and loans. Be sure to include the pros and cons of each.

Answers

Answer:

he lets talk on here pls

Explanation:

what are two basic types of soup

Answers

Answer:

There are six different types of soup in today's modern kitchen. These types fall into two different categories: clear soup and thick soup. Clear soups include consommé, bouillon and broth.

Explanation:

chicken noodle and french onion. thick soups include cream and purée, such as bisques or cream of tomato.

How many trade schools are there for Avionics Technicians?

Answers

43 colleges offer avionics

Answer:

Hi...

Explanation:

ok so plz do not take these points.
if ur reading this plz listen to ghost by badflower and then answer and tell me what u think and if u have also recently felt like that.

Answers

Answer:

its a good song i think its touching and yes i have recently felt like that.

Explanation:

CORRECT ANSWERS ONLY!

1:After your first two years of college, you earn your master’s degree.


False

True

2:An MBA should only appeal to people who want to run a business.


True

False

3:You only need to get a minor if you think you will want to make a career change later in life.


False

True

4:There are two different kinds of bachelor's degrees, a Bachelor of Science and a Bachelor of Arts.


True

False

Answers

Answer:

1. False

2. True

3. False

4. False

Explanation:

1. Associate degree

2. A masters in business administration would be an asset to someone wanting to run a business

3.  A minor is a great way to augment skills

4. There is also a bachelors of fine arts

14. Labor and safety legislation assumes that?

A.safety risks are the cost of having a job

B.workers have a right to a safe workplace

C.employees must choose between family and work​

Answers

Answer:

B.workers have a right to a safe workplace

Explanation:

Labor and safety legislation believes everyone should be safe at work.

Hillary and Stephanie have both borrowed $15,000 from the same bank to buy the same model of a new car. Hillary's credit score is 732 and
Stephanie's credit score is 588. Who is likely to pay a lower finance charge?


Stephanie

Hilary

They will pay the same because they used the same bank

They will pay the same because they bought the same car

Answers

Answer:

Call me at    (470)343-8439

Explanation:

What is the the effect on the foreign price with a combined domestic production subsidy and consumption tax applied by a small country on the same good at the same level?

Answers

Answer:

The effect these factor will have on Import is that it will lower Imports and decrease in imports = Increase in foreign prices

Explanation:

The effect on the foreign price when there is a combined domestic production subsidy and consumption tax applied on a good at the same level

i) when consumption tax is applied : The consumer price will increase by the amount of the tax and the demand for the good will decrease while the producer price will remain the same

ii) when production subsidy is applied : producer price will increase while the consumer price will remain unchanged

when they are both set at the same level ( i.e. consumption tax and production subsidy )  The producer price = consumer price

The effect these factors will have on Import is that it will lower Imports and decrease in imports = Increase in foreign prices

A ceiling design that has a rectangular center that is either popped out or inverted to add an effect.​

Answers

Answer:

tray ceilings

Tray Ceiling - Usually seen in dining rooms and kitchens, tray ceilings are built upwards in a cut out resembling a tray. It has a rectangular center that is either popped out or inverted to add an effect

Explanation:

Hope it helps

70 of 500 respondents say they would visit a trampoline park. What percentage of respondents is this?
a. 14%
b.15.5%
c.17%
d.18.9%

Answers

Answer:

a. 14%

Explanation:

Total respondents = 500

100% = 500

1% = 500 ÷ 100 = 5

Since 1% of the 500 respondents is 5 people...

70 ÷ 5 = 14

70 of 500 respondents say they would visit a trampoline park. Thus, the percentage of respondents is 14%. Therefore, option 'A' is the correct option.

What is a percentage?

Total respondents = 100% = 500

Therefore, 1% = 500 ÷ 100 = 5

Since, we know that 1% of the 500 respondents is 5 people

70 ÷ 5 = 14

A % in mathematics is a quantity or ratio that is stated as a fraction of 100 (from the Latin per centum, "by a hundred"). Although the abbreviations "pct.", "pct.", and occasionally "pc" are also used, the percent symbol, "%," is frequently used to indicate it. A % lacks dimensions and has no associated unit of measurement.

Long before the decimal system was invented, computations in Ancient Rome were frequently done using fractions that were multiples of 1/100. Centesima rerum venalium, for instance, was a 1/100 tax imposed by Augustus on commodities that were sold at auction. These fractions might be calculated in the same way as percentages.

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What should a follow-up letter focus on?
Group of answer choices

full qualifications for the job

showing off technical knowledge

relating relevant background information

thanking interviewers for their time

Answers

Answer:

thanking interviewers for their time

Explanation:

Following a job interview, it has always been recommended that a job candidate should send a follow-up letter to the interviewers. This follow-up letter is expected to focus on many important things among which is "thanking interviewers for their time."

This is to show your appreciation and gratitude for the opportunity given to you and how the interview made the interview session went smoothly for you. You should also add how interested you in the job to the follow-up letter

Notices provide a cheap way of communicating the same information to a large number of people but they may not be read, or may be ignored. True or false ?

Answers

Answer:

True

Explanation:

Notices can be regarded as a form of

formal communication to pass information to particular person as well as group of people. This could be inform of invitation to attend a meeting, legal notice from court, announcement of a particular event,

Gross sales is defined as the sales
for
and goods
given to customers.

Answers

Answer:

Gross sales is a metric for the total sales of a company, unadjusted for the costs related to generating those sales. The gross sales formula is calculated by totaling all sale invoices or related revenue transactions

please help with this and explain why it’s the answer:>

Answers

Answer:

i think it would be word processing

Explanation:

it'll be good use, especially for letters and memos.

the rest of the choices might not give an accurate enough representation of the mentioned info.

14) What are the two parts of demand?

Answers

Answer: The two parts of demand are:

• Willingness to buy

• Ability to pay

Explanation:

Demand simply refers to the amount of the goods and services which the buyers want to purchase at a certain price for a particular period of time.

There are two parts of demand which are the willingness of a buyer to purchase a certain good and also the ability to pay by the person.

What school did Brittany Bailey go to on a field trip that helped her decided on her career?

Answers

Answer:

she went to the school called Lord duffrent public school.

Explanation:

Answer:

Go to pad let im back

Explanation:

Insurance offers consumers

Answers

Insurance customers don’t have a complicated need they want to choose from a good selected of policies to then get clear responsible prices.

Insurance customers don’t have a complicated need they want to choose from a good selection of policies to then get clear responsible prices.

Insurance is a tool for risk management. You get safeguards against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If an accident occurs and you don't have insurance, you may be responsible for paying all costs.

Its objective is to mitigate inadvertent loss and reduce financial uncertainty. This is done by trading the assumption of the risk of a sizable loss and a promise to make payments in the event of one for the payment of a small, predefined fee—an insurance premium—to an accredited insurer.

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An applicants medical information receives from the medical informatuon bureau may be furnished to who?

Answers

It can be released by the proposed Insured doctor.

Marisa has gathered a pile of financial documents from the past year showing money she has taken in. She received money from alimony, child support, investment income, and unemployment compensation. She totals it all up to try to determine her gross income, but you know that she is making a mistake. What would you tell Marisa so she can correct her total?

Answers

Answer:Her salary from her job, alimony, and child support. All of these impact her income and can be included. The specific requirements vary by the type of lan and lender.

Explanation:

Marisa can correct her total by not including the child support amount in the calculation

What is income?

One can define income as the area where a person makes their money might be described as the come. This can take the shape of work that is performed in exchange for payment as well as income that can be obtained through investments that are being made.

Her job's pay, alimony, plus child support obligations. Each of these could be included and have an effect on her income. The particular standards change depending on the borrower.

She is taking all the right decisions but the amount of child support is not included when it comes to the gross income. She needs to remove that amount to calculate it then only the amount which will come will be accurate.

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Payroll records show employee earnings and any deductions from those earnings.
True
False

Answers

This is true..........
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