Todrick Company is a merchandiser that reported the following information based on 1,000 units sold. Fixed selling expense is $30,000.
Cost of goods sold = $213,000 ($20,000 + $200,000 - $7,000).
The variable administrative expense ($12,000) shown above is calculated as follows:
(a) $ 300,000 in sales
(a) $ 60,000 contribution margin
Total variable costs (a) $ 240,000 (b)
(a) $ 240,000 in total variable costs
$ 213,000 in cost of goods sold
15,000 in variable selling expenses
(a) $ 228,000 cost of goods sold plus variable selling expenditure
(a) $12,000 Variable administrative expense
The fixed selling expense ($30,000) shown above is calculated as follows:
(a) $ 60,000 contribution margin
(a) $ 18,000 in net operating income
Total fixed costs (a) $ 42,000 (b)
Total fixed expenses (a) $42,000
(a) $ 12,000 fixed administrative costs
Fixed selling costs (a) $ 30,000 (b)
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Correct question:
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold:
Sales $ 300,000
Beginning merchandise inventory $ 20,000
Purchases $ 200,000
Ending merchandise inventory $ 7,000
Fixed selling expense $ ?
Fixed administrative expense $ 12,000
Variable selling expense $ 15,000
Variable administrative expense $ ?
Contribution margin $ 60,000
Net operating income $ 18,000
Prepare a contribution format income statement.
lamar owns a whole life insurance policy in which he is the insured and his children are the primary beneficiaries. in five more years, the policy will be paid up. lamar would like to minimize the transfer tax on this asset for both his and his wife's estates. he also would like to avoid any income taxation under the grantor trust rules. which one of the following estate planning techniques would best achieve lamar's goals? a) waiting until the policy is paid up in five years and then transferring ownership of the policy to an unfunded irrevocable life insurance trust b) immediately transferring ownership of the policy to a revocable life insurance trust and gifting the annual premiums to the trustee c) immediately assigning the policy to an unfunded irrevocable life insurance trust with crummey powers and gifting annual premiums to the trustee d) assigning both the policy and income-producing assets to a funded irrevocable trust either immediately or five years from now; earnings from the trust assets could be used by the trustee to pay the premiums
Assigning both the policy and income-producing assets to a funded irrevocable trust either immediately or five years from now; earnings from the trust assets could be used by the trustee to pay the premiums estate planning techniques would best achieve Lamar's goals.
what is advanced estate planning?
The use of legal strategies and resources intended to lower or completely eliminate federal estate taxes is referred to as "advanced estate planning." While simultaneously giving an estate tax benefit, some strategies are utilized primarily to achieve corporate objectives or to shield assets from creditors. A will, guardianship designations, beneficiary designations are all parts of an estate plan.
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frontier corporation sells units for $54, has unit variable costs of $27, and fixed costs of $124,000. if frontier sells 10,000 units, what is its degree of operating leverage?
Degree of operating leverage (DOL) is a measure of how much a company's operatin
It is calculated by dividing the percentage change in EBIT by the percentage change in revenue.g income (EBIT) will change in response to a change in revenue.
To calculate DOL for Frontier Corporation, we first need to determine the company's operating income (EBIT) at a sales volume of 10,000 units. We can do this by subtracting the company's variable costs and fixed costs from its revenue:
EBIT = Revenue - Variable Costs - Fixed Costs
EBIT = $54 x 10,000 - $27 x 10,000 - $124,000 = $210,000
Next, we need to calculate the percentage change in EBIT if sales volume changes by 1%. To do this, we can use the following formula:
DOL = (percentage change in EBIT / percentage change in revenue)
Let's say that the company's sales volume increases by 1%, from 10,000 units to 10,100 units.
New Revenue = 10,100 units * $54/unit = $546,400
New EBIT = $546,400 - $27 x 10,100 - $124,000 = $210,300
Percentage change in EBIT = (New EBIT - Old EBIT) / Old EBIT = ($210,300 - $210,000) / $210,000 = 0.0014
Percentage change in revenue = (New Revenue - Old Revenue) / Old Revenue = ($546,400 - $540,000) / $540,000 = 0.0111
DOL = (0.0014 / 0.0111) = 0.1257
Therefore, the degree of operating leverage for Frontier Corporation is 0.1257, meaning that a 1% change in revenue results in a 0.1257% change in operating income. A lower DOL indicates that a company has less risk, as its operating income is less sensitive to changes in revenue.
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do you think managing hospitality and tourism organizations is different than managing manufacturing organizations and why?
Organizations that engage in hospitality, travel, media, sports, health care and entertainment are service-providing organizations whereas While manufacturing operations focus on producing goods and storing them at a warehouse before delivering them to customers.
While manufacturing operations focus on producing goods and storing them at a warehouse before delivering them to customers, service-providing operations facilitate simultaneous production and consumption of services.First, manufacturing organizations produce physical, tangible goods that can be stored in inventory before they are needed. By contrast, service organizations produce intangible products that cannot be produced ahead of time.There are five main differences between service and manufacturing organizations: the tangibility of their output; production on demand or for inventory; customer-specific production; labor-intensive or automated operations; and the need for a physical production location.
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which of the dimension of the triple bottom line considers such stakeholders as employees, the local community and other entities that are impacted by the firm's existence?
Social Dimensions considers such stakeholders as employees, the local community and other entities that are impacted by the firm's existence
Social dimensions refer to the various aspects of human society and how people interact with one another. These can include factors such as culture, gender, race, class, and religion, among others. These dimensions help to shape how individuals and groups understand and experience the world around them, and can have a significant impact on how people interact with one another. Understanding social dimensions is important in fields such as sociology, anthropology, and psychology, as well as in many other areas of study and research.
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the income tax rate is 30% for year 1 and future years. there are no other temporary or permanent differences. in its december 31, year 2, balance sheet, what amount should tower report as a liability for deferred income taxes?
In its December 31, Year 2 balance sheet, Tower should report the amount of deferred income taxes as a liability.
What amount should tower report as a liability for deferred income taxes?Deferred income taxes are the result of temporary differences between the financial reporting of income taxes and the actual income taxes paid to the government. In this case, Tower is reporting income at a 30% tax rate for Year 1 and future years, but the actual income tax rate may be different.If the actual income tax rate for Year 1 is lower than 30%, Tower will have a deferred tax liability, meaning it will owe more taxes in the future. The amount of the deferred tax liability would be the difference between the financial reporting income tax rate (30%) and the actual income tax rate multiplied by the taxable income for that year.On the other hand, if the actual income tax rate for Year 1 is higher than 30%, Tower will have a deferred tax asset, meaning it will receive a tax refund in the future. The amount of the deferred tax asset would be the difference between the actual income tax rate and the financial reporting income tax rate (30%) multiplied by the taxable income for that year.It is important to note that the deferred tax liability or asset should be based on the enacted tax laws and rates that are expected to be in effect when the deferred taxes are expected to be settled.To learn more about income tax refer:
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which of the following statement is true? multiple choice operating leverage refers to a company's ability to increase its sales volume while decreasing its total fixed cost. operating leverage may help a company increase its profitability but it cannot decrease profitability. a company that has only variable cost cannot benefit from operating leverage. to benefit from operating leverage a company must have both fixed and variable costs.
A business with mainly variable costs is unable to take advantage of operating leverage.
What is sales volume?Units sold by your business in a certain reporting period are referred to as sales volume. Depending on the amount of sales volume you want to monitor, this period could be a month, a quarter, or a year. Sales volume is a common metric used by investors to determine whether a business is expanding or declining. Sales volume and sales revenue are two different things. Sales volume describes the quantity of goods sold over a specific time frame, sometimes a quarter or a year. However, sales revenue tracks how much money a business makes over a specific period of time. The number of units of a product that your business sells over the course of a given reporting period is known as the sales volume.To learn more about sales volume refer to:
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As a marketing manager plans new products to meet consumer needs, she should
a) study previous new product launches to learn from the pas successes and failures
b) focus entirely on creating a new industry
c) simply copy the new products of her competition
d) utilize technology to create the most advanced products regardless of what the consumer wants
To learn from past product launches' successes and failures, conduct research.
Which component of the marketing mix is used to communicate with customers?Promotion. The communications that take place between a company and a customer are referred to as "promotion" within the context of the marketing mix. The company's messages as well as the messages that customers send to the general public about their experience are all examples of promotion.
The process of transferring products from the seller to the buyer is referred to as what kind of marketing function?One of the four components of the marketing mix is distribution, also known as location. A distributor is a company that is involved in the distribution stage of the value chain. Distribution is the process of making a product or service available to the consumer or business user who needs it.
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highjinks, incorporated, has provided the following budgeted data: what is the company's margin of safety as a percentage of sales? multiple choice
18,334 units will need to be sold by the company. Any expense with a changeable amount is a variable expense. Among the varied costs are those for food, transportation, and entertainment.
What do variable costs entail?Rent, mortgage payments, and auto payments are examples of fixed expenses that typically cost the same each month. In contrast, variable expenses are those that vary from month to month (dining out, medical expenses, groceries, or anything you buy from a store).
We start by calculating the desired operating income.
Sales times 5% of operating income.
(20,000 * 100) * 5% = $100,000
Using the equation below, we will now calculate the amount backwards:
Operating Income = Sales - Variable Expense - Fixed Expense.
sold units divided by 100 minus 70 equals 100,000 plus 450,000.
Units sold multiplied by (100 - 70) to get 550,000.
550,000 sold units / 30 is 18,333.3333
18,334 units will need to be sold by the company.
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Full Question = Highjinks, Inc., has provided the following budgeted data:
Sales 20,000 units
Selling price $100 per unit
Variable expense $70 per unit
Fixed expense $450,000
How many units would the company have to sell in order to have a net operating income equal to 5% of total sales dollars?
all of the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc, is called ?
Personal finance is the term used to describe all financial choices and actions made by a person or family, including budgeting, spending, and saving.
What's the most accurate way to define financial literacy?The capacity to apply information and skills to manage monetary capacity successfully for a life of financial well-being is known as financial literacy. This concept emphasizes the value of ability and discusses knowledge, skills, and changes in one's outlook on life.
Who or what is an entity that exchanges products for services?Individuals or organizations that utilize or consume goods and services are referred to as consumers. Customers are the buyers who make purchases of goods and services in the economy. Customers can be individuals or groups.
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explain four ways in which marketing for a rental car company differs from marketing for an automobile dealership.
Renting and buying cars are different businesses. Buying a car emphasizes the product, whereas renting a car emphasizes the service.
Retailers sell goods and services. Both products and services meet customer wants, yet they differ. Retailers sell products and services like optical centers and restaurants.
The best four digital automobile marketing tactics to spread the word about your dealership and boost sales:
Video Marketing: Automotive video content reigns. Before picturing oneself in a new car, many car shoppers need to see and feel it.
Online Review Management: Auto marketers should monitor dealership review sites. If your consumers are happy, serious auto buyers will choose your dealership on these platforms. Online reviews are equally potent as peer recommendations, but they can reach thousands of people.
Creating a user-friendly web experience: Your website should also consider SEO. Keywords in the site and blog text will help you rank better for relevant queries and provide vehicle shoppers with solutions. Your target audience may want "highest gas mileage" or "top luxury autos."
SMS Marketing: Catering to this customer behavior can put you ahead of your competitors, as roughly 80% of Americans own smartphones and most online traffic comes from mobile devices. All text message marketing efforts have an 82% open rate since smartphone consumers spend hours on their phones. SMS marketing lets you reach potential clients on a platform where they actively seek messages.
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there are services and products involved when buying or renting a car, and in both cases, the customer drives away in a car. but buying a car focuses more on the product, whereas renting involves the service. explain four ways in which marketing for a rental car company differs from marketing for an automobile dealership.
Marketing for a rental car company focuses on emphasizing convenience and ease of use, while marketing for an automobile dealership emphasizes product features and benefits. Additionally, rental car companies use short-term and seasonal promotions, while dealerships use long-term strategies to build customer loyalty.
1. Advertising Strategy: Rental car companies typically use more targeted and localized advertising strategies than automobile dealerships, since they cater to those who need short-term transportation. Automobile dealerships often use broader, more general advertising campaigns to reach a larger audience.
2. Branding: Rental car companies focus on creating trust and convenience in their brand in order to encourage customers to rent from them. Automobile dealerships, on the other hand, focus more on showcasing their cars and the features they offer in order to persuade customers to purchase.
3. Pricing: Rental car companies typically offer different pricing tiers based on the length of the rental, while automobile dealerships typically offer one fixed price.
4. Customer Service: Rental car companies typically offer more personalized customer service since their customers are usually in a state of need, often for immediate transportation. Automobile dealerships usually focus more on the product and the features it offers, providing less personal attention to each customer.
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can i dispute a debit card charge that i willingly paid for
Customers have the ability to contest credit card charges in some situations, even those involving things they knowingly bought. However, it is unfair to retailers to abuse this power by contesting when it is not necessary because they risk being held liable for the cost of the item plus a refund fee.
Can I contest an unauthorized charge?You get the right as either a customer to contest a credit card transaction, regardless of whether there was an error, a fraudulent payment, or a problem with the products or services rendered. You can challenge credit card charges by phoning the credit card company, and also some credit cards also let you lodge disputes internet or by mail.
How do banks look into issues involving debit cards?Reviewing the transaction is the responsibility of the bank or credit union that issued the card data and determining the veracity of a customer's allegation of fraud. The credit union or the bank may get in touch with the retailer and demand evidence that debit card holder approved the charge.
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Please select Yes/NO and explain briefly:
1. Is it sustainable to think that Emiratis, which make up only about 15 percent of the people in Dubai, can be leading the city as they have been for so long?
2. Integrating 160 different nationalities into one corporation, such as The Emirates Group, has challenges and opportunities. What challenges do you see? What opportunities come from this diverse workforce?
3. Compared with 10 years ago, expatriate employees stay twice as long in Dubai, about five years, before they return to their home country or another foreign location. Do you think more expatriates will stay longer in Dubai as the city continues to develop into a world-class location?
People prefer to be in a good governance, so if Dubai keeps growing into a world-class metropolis, expatriates may even consider relocating there permanently.
How long do foreigners reside in Dubai?
In its most recent analysis, the specialized recruiter Robert Half found that, as a result of new regulations and activities aimed at assisting foreigners, the average length of stay for expats has climbed from three years to roughly eight to ten years.
Dubai has a large expat population; why?
With more than 200,000 new arrivals each year, Dubai draws expats from all over the world. While some may find the expense of lodging to be prohibitive, the abundance of appealing housing options, excellent wages, and cheap taxes encourage many people to relocate to Dubai and experience the expat way of life.
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the trade of things of value between buyer and seller so that each is better off after the trade is referred to as
The trade of things of value between buyer and seller so that each is better off after the trade is referred to as distribution exchange.
The trade is the business term which is defined as the buying and selling of the products or services. The trade is also known as in simple term as the business of selling products to the consumers, the consumers will be retailer, broker, and customers.
The distribution exchange is the term which is defined as the distribution of the high quantity stocks or products into the market or smaller group of sellers which sell orders for the security purposes and reduce its price.
The distribution exchange is also performed for the buyer products or services instead of money by selling own products to the retailer.
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when companies report earnings that are only a few cents below their previous estimates, why do their stock prices go down by so much?
Investors are unsure of whether the company's failure to fulfill expectations was due to coincidence or bad luck or if it was an indication that management was covering up more serious issues.
'What is Stock Price?'
The price at which a share of stock is currently trading on the market is referred to as the stock price.
When shares of a publicly traded firm are issued, their value is assigned a price that, ideally, represents the worth of the company itself. A stock's price will fluctuate in response to a variety of circumstances, such as shifts in the overall economy, shifts in specific industries, political developments, armed conflict, and environmental changes.
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why do the current us depreciation methods vastly simplify the accounting that is required in real company situations?
The current US depreciation methods are designed to simplify the accounting required in real-world company situations but may not accurately reflect the actual depreciation of an asset in a real-world company situation.
The current US depreciation methods such as the Modified Accelerated Cost Recovery System (MACRS) and the straight-line method, are designed to simplify the accounting that is required in real-world company situations by assuming that assets lose value at a consistent rate over time and this rate can be estimated using predetermined schedules.
This simplification allows companies to easily estimate the depreciation expense they will incur each year, which can be used to calculate net income and other financial metrics.
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central bank money refers to part 2 a. currency held by people plus reserves held by banks. b. the money that the central bank has issued. c. the liabilities of the central bank. d. all of the above. e. a and c only. part 3 central bank money differs from money in general in that excludes
The correct answer is b). money that the government's central bank has printed. In contrast to common money, central bank money does not include checkable deposits.
Paper money is the most significant component of a nation's financial system.. Traveler's checks (issued by non-banks), demand deposits, and other checkable deposits (OCDs), such as NOW accounts at depository institutions and credit union share draught accounts, are also included in the M1 category.
Money that is extremely liquid, such as cash, checkable (demand) deposits, and traveler's checks, is included in the M1 money supply. The M1 money supply adds savings and time deposits, certificates of deposits, and money market funds make up the less liquid M2 money supply.
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candy originally marketed as a smoking cessation aid
PEZ was once only marketed to adults because it was initially designed to aid smokers in quitting their habit. Usually, the early advertising featured racy pinup females in an effort to appeal to an older audience.
What did PEZ candy's initial advertising say?In the 1920s, Edward Haas III created PEZ in Vienna, Austria. The name was derived from the letters in the peppermint-sounding German word pfefferminz. In 1935, Haas erected a plant in Czechoslovakia and first advertised his product to adults as a breath freshener and a substitute for cigarette smoking.
How did PEZ differ from smoking?The sweets were initially packaged in metal tins or foil-wrapped paper rather than dispensers. Haas aimed to develop a tablet computer that would.
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ms. penser resides in the city of lanock, tennessee. she owns 100% of the stock of psw incorporated, which is incorporated under tennessee law and conducts business in six different local jurisdictions in tennessee. 1. how many taxpayers are identified in the above statement of facts? numerical answer only please, no decimals.
She is the sole shareholder of PSW Inc., a Tennessee-based company with locations in six distinct municipal governments.
What is a stakeholder, and give an example?
Any number of people who are interested in or impacted by the project may be considered stakeholders. An owner or shareholder, for example, could be considered a stakeholder. Stakeholders include, among others, customers, suppliers, bondholders, vendors, and employees. Shareholders are a type of stakeholder. Stakeholders are any people or organisations that are impacted by a project, initiative, policy, or organisation, whether positively or negatively. They could be internal (employees employed by your business) or external (people outside of your organisation).
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more and more people are purchasing food from farmers' markets. as a consequence, a market researcher predicts that the number of farmers' markets will increase by 15% each year. if there are 5,992 farmers' markets this year, how many will there be in 5 years?
Consequently, there are 6953.96=6954 farmers' markets after five years.
According to information provided to us, there will be 5992 farmers' markets with a 15% growth rate per six months.
The amount of farmers' markets in five years must be determined.
There are 8185 farmers listed as the beginning value, P0.
15% every year, or 0.015 per year, is the growth rate (r).
We're interested in the number of farmers' markets after five years, or after five and a half times two (six month period).
As a result, there are 10 time periods.
Let's calculate the number of farmers' markets five years from now.
Since there is exponential expansion, there will be more farmers' markets in five years.
[tex]& f(x)=P_0(1+r)^n \\& =5992 *(1+0.015)^{10}[/tex]
=6953.96
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Farmers' markets are becoming increasingly popular places to buy food. If there are 5,992 farmers' markets this year, there will be 12,048.0296 people in 5 years.
The numbers of people that will be in the upcoming 5 years are computed as:
= 5992*(1+15%)^5
= 12,048.0296
Advertising and marketing is a hobby, a set of establishments, and methods for growing, speaking, handing over, and exchanging offerings which have cost for customers, clients, partners, and society at huge. advertising is the method of exploring, creating, and turning in price to meet the needs of a target marketplace in terms of goods and offerings; probably which include a variety of a target audiences; choice of sure attributes or issues to emphasize in marketing; operation of advertising campaigns.
Attendance at trade suggests and public occasions; design of merchandise and packaging appealing to buyers; defining the phrases of sale, which include charge, reductions, guarantee, and go back policy; product placement in media or with human beings believed to persuade the shopping for behavior of others; agreements with shops, wholesale vendors, or resellers; and attempts to create awareness of, loyalty to, and superb emotions about an emblem. marketing is commonly accomplished by way of the seller, usually a store or manufacturer.
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a musical instrument manufacturer is considered the best in the industry in terms of human resource management and its excellent supply chain that assures the company will deliver products on time. which macro strategy does this company demonstrate to achieve a sustainable competitive advantage?
Operational excellence is the plan for Niro music to gain a competitive advantage.
Early in the 1970s, Dr. Joseph M. Juran introduced the concept of operational excellence while educating Japanese industry leaders on how to improve quality. It was defined in the United States in the 1980s in reaction to "the crisis" experienced by large, established firms, whose market share was decreasing as a result of high-quality items imported from Japan.
An excellent workplace culture can be fostered using certain strategies and ideas that are part of the operational excellence style of thinking. Each employee must be able to recognise, provide for, and improve the flow of value to a client for there to be operational excellence.
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when reconciling a bank account in qbo, where does the value of the register balance come from?
You check the quickly gaining in QuickBooks before commencing any account reconciliation. It is the balance in the bank at the start of the time frame you are considering.
What exactly does reconciling mean?1 a: to reinstate harmony or friendship to resolve or adjudicate (differences) 2: to bring into conformity or harmony 3: to make someone submit to or embrace something unpleasant 4: to verify the accuracy of (a financial account) by comparing it to another.
What do we have to make amends?The accounting procedure of reconciliation makes sure that the real amount spent and the amount reported as leaving an accounts at the conclusion of a fiscal period are the same. Reconciliation is a process that both individuals and organizations use on a regular basis to look for mistakes or fraud.
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economics is the study of: a. what is good and what is bad. b. how to make everyone rich. c. trade-offs when making decisions. d. how to make the world most productive.
Economics is the study of trade-offs when making decisions. Scarcity is the main concept in economics.
The study of economics focuses on how we make decisions in the face of scarcity and how those decisions influence our behavior. We must make challenging decisions about how to allocate few resources to suit our needs and wants as people, families, and nations. Economists investigate how these decisions are made in different contexts, assess the results in terms of efficiency, equity, and stability, and look for different ways to organize the economy that can result in greater living standards or a more desired distribution of material well-being.
There are two types of economics
MacroeconomicsMicroeconomicsMicroeconomics: The study of specific markets, such as those for higher education, health care, communications, and pollution permits.
The area of economics known as macroeconomics focuses on how an economy functions as a whole.
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the production possibility frontiers above show what mexico and the u.s. can produce using 24 units of labor. the opportunity costs of producing 1 shirt are:
The opportunity costs of producing one shirt are 1/6 of a computer for Mexico and one computer for United States.
The value of what you lose while deciding between two or more possibilities is known as opportunity cost. Every decision includes trade-offs, and opportunity cost refers to the possible rewards you would miss out on if you choose one path over another.
For example, the decision to sell stock shares now or hang onto them to sell later. While it is true that an investor can secure any immediate advantages by selling promptly, they lose out on any future gains the investment could offer them.
Another example of opportunity cost is the choice between going to work and not going to work. What do you give up if you choose one over the other?
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the extent to which an organization is open to hiring anyone who can perform a specific job is called
Organizational openness to hiring is a measure of how willing an association is to hire the most good labor force for a particular part, anyhow of their background or other characteristics.
It's a reflection of the association's commitment to a merit- grounded hiring process, where the stylish seeker for the job is chosen grounded on their qualifications, rather than their gender, race, race, or any other demographic factors. Openness to hiring can be demonstrated through programs that promote diversity in the plant, similar as eyeless recruiting, which removes any hint of bias from the hiring process. It can also be seen in the reclamation process,
where a wide range of aspirants from different backgrounds are considered and canvassed . Openness to hiring is a crucial factor in creating a positive and different plant, and it's essential for associations to insure that their hiring practices are unprejudiced and indifferent.
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the triple bottom line is economic prosperity, environmental stewardship, and social responsibility. modern companies need to focus on which aspect of the triple bottom line?
Corporate social responsibility is emphasized by the triple bottom line. It prods businesses to take into account both the fixation with profits and social and environmental repercussions.
TBL advises putting equal emphasis on the three Ps: profit, planet, and people. TBL was created by John Elkington as an accounting framework in 1994. Elkington was both a novelist and an entrepreneur. In terms of social, environmental, and economic elements of company, TBL seeks to combine sustainable accounting. All companies want to appear green in the face of mounting societal pressure. But not everyone is willing to forgo financial gain.
The triple bottom line (TBL) approach advocates incorporating economic, environmental, and social goals into financial ones.
TBL also highlights the need of profitability because businesses must pay their employees, operational creditors, and lenders.
Businesses must ensure that the area is clean and that their operations don't negatively impact the environment. TBL highlights the contentious topic of toxic waste disposal. Sustainable trash disposal is significantly more expensive.
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suppose the market for white grapes is a perfectly competitive constant cost industry. what is the long run effect of a permanent increase in the demand for white grapes?
The long-term effects of a persistent rise in white grape demand would be an increase in market price and an increase in supply in a fully competitive constant cost sector.
The market price of white grapes will rise along with the demand for them. The increased pricing will encourage current businesses to grow their white grape production while also luring new businesses to the market. The supply of goods and services will rise as more businesses enter the market. The market price will ultimately drop and stabilise at the long-run equilibrium price, where the amount provided and the quantity sought are equal. This happens as a result of the rise in supply. Over time, all businesses will only see typical earnings. Additionally, when market prices rise, businesses will be motivated to expand their production capacities, which will lower the average cost of production.
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true or false: the marketing activities of an organization have the potential to impact society as a whole.
It is true that undoubtedly, a company's marketing efforts could have an effect on society as a whole.
What are the two benefits of marketing to society?Here are some ways that marketing helps our society.it fuels the economy.It Educates and Informs Consumers.Thirdly, it controls customer expectations.Marketing influences society, but it also occasionally has a significant social impact. A group's internal and external constituencies may have conflicting interests. Customers for nonprofit organizations can include governmental bodies. A nonprofit organization's clientele could be individuals or commercial entities.
Through the influence of marketing, consumer economies are driven. It allows businesses to supply essential services and goods while also generating employment, which in turn enables more people to buy more goods and services, establishing a sustainable cycle.
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approximately what will be the total consumer surplus for the buyers of the 150 million greebes at a price of $0.30?
The total consumer surplus for the buyers of the 150 million greebes at a price of $0.30 would be $45 million.
This is calculated by multiplying the quantity of 150 million greebes by the difference between the price of $0.30 and the maximum price the buyers would be willing to pay for the greebes, which is assumed to be $0.50. Thus, the total consumer surplus is calculated as 150 million greebes x ($0.50 - $0.30) = $45 million. Consumer surplus is an profitable dimension of consumer benefits performing from request competition. A consumer surplus happens when the price that consumers pay for a product or service is lower than the price they are willing to pay. It's a measure of the fresh benefit that consumers admit because they are paying lower for commodity than what they were willing to pay. The conception of consumer surplus was developed in 1844 to measure the social benefits of public goods similar as public roadways, conduits, and islands. It has been an important tool in the field of weal economics and the expression of duty programs by government.
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kilt company used a predetermined overhead rate of $39 per direct labor hour for the year and estimated that direct labor hours would total 5,390 hours. assume the only inventory balance is an ending work in process balance of $17,100. how much overhead was applied during the year?
Overhead was applied during the year is $205,000.
Overhead is a term used in business to describe a recurring cost of running a company. In contrast to operating costs like raw materials and labour, overheads are expenses that cannot easily be linked to or identified with any specific revenue unit. Therefore, overheads do not directly result in profits because they cannot be linked to the goods or services that are being given. In spite of this, overheads are still crucial to the way businesses run since they give them the important assistance they need to engage in profitable activities. For instance, overhead costs like the rent for a factory enable workers to produce goods that may later be sold for a profit. These costs are not associated with any specific work order but rather with production in general.
Given that we were not given real direct labour hours, the question above is incomplete. I chose 5,000 direct labour hours from a related subject.
In light of the aforementioned data, imposed overhead is calculated as;
Actual direct labour hour Overhead rate equals the applied overhead.
Given that;
Overhead rate = $41
Actual direct labor hour = 5,000
Therefore,
Applied overhead = $41 × 5,000 = $205,000
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