calgary industries is preparing a budgeted income statement. predicted sales for the year are $730,000 and cost of goods sold is 40% of sales. the expected selling expenses are $81,000 and the expected general and administrative expenses are $90,000, which includes $23,000 of depreciation. the company's income tax rate is 30%. budgeted net income is:
Answers
The budgeted net income for Calgary Industries is supposed to be $244,800.
How do you calculate the budgeted net income?Net Income = Sales - Cost of Goods Sold - Selling Expenses - General and Administrative Expenses - Depreciation - Income Tax
Plugging in the given values, we get:
Net Income = $730,000 - (40% * $730,000) - $81,000 - $90,000 - $23,000 - (30% * ($730,000 - (40% * $730,000) - $81,000 - $90,000 - $23,000))
The cost of goods sold is 40% of sales, so it is (40% * $730,000) = $292,000.
The income tax is 30% of the income before tax, which is $730,000 - (40% * $730,000) - $81,000 - $90,000 - $23,000 = $244,000.
Substituting these values into the formula above, we get:
Net Income = $730,000 - $292,000 - $81,000 - $90,000 - $23,000 - (30% * $244,000)
Net Income = $730,000 - $292,000 - $81,000 - $90,000 - $23,000 - (30% * $244,000)
Net Income = $730,000 - $292,000 - $81,000 - $90,000 - $23,000 - $73,200
Net Income = $244,800
Therefore, the budgeted net income for Calgary Industries is $244,800.
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Related Questions
What should you, the worker, be aware of with regard to evacuation procedures at your workplace?
(select two answers)
(a) when you get back into the building
(b) evacuation plans
(c) what to do when the emergency has passed
(d) how long the emergencies will last
Answers
With regard to evacuation what one has to be aware of would be
evacuation planshow long the emergencies will lastWhat is meant by evacuation?This is the term that is used to refer to all that would have to be done in order to get all the occupants of a building out of it due to an emergency that is occurring in the building. The need for evacuation is often due to emergency that could cause a loss of life. An example of such incidence would during a fire outbreak.
Hence we can say that With regard to evacuation what one has to be aware of would be
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what is money market
Answers
Answer:
Money market consists of various financial institutions and dealers, who seek to borrow or loan securities.
What is one way people can reduce the amount of taxes they owe in a year?
A. Give money to charity
B. Earn a higher income
C. Purchase luxury goods
D. Work longer hours
Answers
Answer:
A
Explanation:
Donating money to charity is one method people might lower their annual tax burden. Therefore, (A) is the correct option.
What is Tax?Taxes are required payments made to individuals or enterprises by a government agency, whether local, regional, or federal. Income, capital gains, or the estate are all subject to taxes.
One of the ways to reduce the amount of tax payable is to donate money to a charity.
Therefore, (A) is the correct option.
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business studies June paper 1 2023
Answers
The increasing demand for sustainable and eco-friendly products presents both challenges and opportunities for Company X, a leading global technology firm that specializes in the production of smartphones. To meet this demand, the company will have to come up with environmentally friendly practices while still maintaining a competitive edge in the smartphone industry.
ChallengesThe following are the potential challenges that Company X may face in meeting the demand for sustainable smartphones:
1. High Production CostsThe production costs of environmentally friendly smartphones may be significantly higher compared to those of traditional smartphones. To reduce costs, Company X should seek alternative production methods and materials, which should be both cost-effective and environmentally friendly.2. Difficulty in Finding Reliable SuppliersSustainable production requires sourcing materials from ethical and environmentally conscious suppliers. To avoid sourcing from non-eco-friendly suppliers, the company will need to conduct due diligence on its supply chain.OpportunitiesThe following are the potential opportunities that Company X may leverage in meeting the demand for sustainable smartphones:
1. Increased RevenueStreamSustainable smartphones can create a new revenue stream for the company, attracting environmentally conscious consumers willing to pay a premium price for environmentally friendly products.2. Increased Market ShareThe demand for eco-friendly smartphones is growing. By producing sustainable smartphones, the company can increase its market share and, subsequently, its profitability.StrategiesTo address the challenges and capitalize on the opportunities, Company X should consider the following strategies:
1. Green Supply ChainThe company should adopt an environmentally conscious supply chain that focuses on sustainable sourcing and manufacturing. This will reduce the environmental impact of the company's products while reducing production costs.2. Sustainable Product DesignThe company should develop smartphones that are easy to recycle, energy-efficient, and manufactured using eco-friendly materials. Sustainable products will meet the increasing demand for eco-friendly products while minimizing waste and reducing environmental impact.3. Promoting Corporate Social ResponsibilityCompany X should promote corporate social responsibility through transparency, accountability, and ethical practices. Such practices will help build the company's reputation and increase customer loyalty.For more such questions on production
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NOTE- Full question is business studies June paper 1 2023
Question: Case Study: Company X is a leading global technology firm that specializes in the development and manufacturing of smartphones. Over the years, the company has faced intense competition and changing market trends. Recently, there has been a growing demand for sustainable and environmentally friendly products in the smartphone industry. Based on the given information, analyze the potential challenges and opportunities for Company X in meeting the demand for sustainable smartphones. Discuss the strategies the company can adopt to address these challenges and capitalize on the opportunities, considering both the environmental and business aspects. Support your answer with relevant examples and theoretical concepts from the field of business studies.
If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answers
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
you have determined the heart rate and regularity and examined the p waves and qrs complexes. the next logical step of analyzing an ecg rhythm is to
Answers
The next logical step of analyzing an ECG rhythm is to determine the rhythm type and interpret any abnormalities or irregularities.
After assessing the heart rate, regularity, and characteristics of P waves and QRS complexes on an ECG, the next step is to identify the specific rhythm type. This involves analyzing the pattern and timing of the electrical signals recorded by the ECG leads.
By examining the intervals between consecutive P waves and QRS complexes, one can classify the rhythm as normal sinus rhythm (NSR) or identify various abnormal rhythms such as atrial fibrillation, atrial flutter, ventricular tachycardia, or other arrhythmias.
Additionally, the presence of any irregularities, such as skipped beats, extra beats, or prolonged intervals, should be noted. This helps in identifying potential conduction abnormalities or rhythm disturbances.
Furthermore, the analysis should include an evaluation of the relationship between P waves and QRS complexes to determine if they are occurring in a regular and coordinated manner. Abnormalities in this relationship may indicate atrioventricular (AV) block or other conduction disorders.
Ultimately, by systematically analyzing the rhythm type and identifying any abnormalities, healthcare professionals can provide an accurate interpretation of the ECG findings, which aids in diagnosing underlying cardiac conditions and guiding appropriate treatment strategies. Once the heart rate, regularity, P waves, and QRS complexes have been examined in an ECG rhythm, the next steps involve further analysis, including assessing additional ECG components and interpreting the findings in clinical context.
1. Evaluate the PR Interval: Measure the duration of the PR interval, which represents the time taken for the electrical signal to travel from the atria to the ventricles. Abnormalities in the PR interval can indicate AV conduction abnormalities, such as prolonged PR interval in first-degree AV block or varying PR intervals in second-degree AV block.
2. Assess the QRS Complex: Examine the duration and morphology of the QRS complex, which reflects the ventricular depolarization. Abnormal QRS complexes may suggest ventricular conduction abnormalities or intraventricular blocks.
3. Analyze ST Segments and T Waves: Evaluate the ST segments and T waves for any deviations from the baseline. ST segment elevation or depression, as well as inverted or peaked T waves, can indicate myocardial ischemia, injury, or other cardiac conditions.
4. Review Additional Leads: If necessary, review ECG leads beyond the standard 12-lead configuration to obtain a more comprehensive assessment of the heart's electrical activity.
5. Consider Clinical Context: Interpret the ECG findings in conjunction with the patient's clinical history, symptoms, and physical examination. This integration allows for a more accurate diagnosis and determination of appropriate management.
It is important to note that interpreting an ECG requires clinical expertise, as the findings should be evaluate in the context of the individual patient. Consulting with a healthcare professional is crucial for accurate interpretation and appropriate management decisions.
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Profit maximization occurs when marginal revenue equals.
Answers
Profit maximization occurs when marginal revenue equals marginal cost. Marginal revenue refers to the additional revenue generated by selling one additional unit of a product or service. On the other hand, marginal cost refers to the additional cost incurred by producing one additional unit of the product or service.
When marginal revenue equals marginal cost, a company is producing and selling the optimal amount of goods or services to maximize its profits. At the point where the marginal cost is greater than marginal revenue, the company is no longer generating a profit on that particular unit of production, which means that they need to decrease production or increase the price to maintain profitability. Similarly, if the marginal revenue is greater than the marginal cost, the company can increase production or decrease the price to increase its profits.
Therefore, the key to profit maximization is to find the point where the marginal revenue equals marginal cost, which is also known as the profit maximization point. By producing and selling at this point, a company can ensure that they are maximizing their profits and operating efficiently.
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what is the significance of price elasticity of demand to a producer
Answers
Answer:
See the explanation below
Explanation:
Significance of price elasticity of producers:
useful in pricing decisionswhen demand is elastic, firms have to reduce their price to earn more revenuewhen demand is inelastic firms need to raise prices to earn more revenueSelect the correct answer.
Which equation is the correct fundamental accounting equation?
OA owner's equity = liabilities -assets
OB.
assets liabilities - owner's equity
=
OC. assets = liabilities + owner's equity
O D.
assets + liabilities = owner's equity
Answers
Answer:
Assets=liabilities+owner's equity
Describe the benefits of having a positive attitude.
Answers
The primary advantage of a positive attitude is it helps in achieving the objective of life by keeping clear mindsets.
What is a positive attitude?The concept of having a positive mindset is one that desires and predicts success. To bring enthusiasm into one's life and play an active role in society, one must be ready to attempt new things.
It is a mindset that enables you to notice the positive aspects of others and your own successes rather than only the shortcomings, and it contributes to a healthy way of living.
It is said that if an individual sees positivity in surroundings it helps in bringing positivity in other life as well by reshaping their mentality with positive thoughts and creativity.
Those who have an optimistic outlook tend to be wealthier and more socially skilled because they consistently see the good in every circumstance, which facilitates effective communication.
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suppose the market for tomatoes is in equilibrium, and events occur that simultaneously shift both the demand and supply curves to the right. if this is the only information you have, what can you say about how the equilibrium price or quantity would be affected? the equilibrium price and quantity would both decrease. quantity would increase, whereas the direction of the change in equilibrium price would be indeterminate. price would increase, whereas the direction of the change in equilibrium quantity would be indeterminate. price and quantity would both increase.
Answers
As a result of the shift of both the demand and supply curve, quantity would increase, whereas the direction of the change in equilibrium price would be indeterminate.
What would be the effect of the shift?When the market for tomatoes is in equilibrium, it means that the quantity supplied is equal to the quantity demanded.
When the demand curve shift to the right, it means that there is an increase in demand. When there is an increase in demand, the equilibrium price and quantity would increase.
When the supply curve shift to the right, it means that there is an increase in supply. When there is an increase in supply, the equilibrium price would fall and equilibrium quantity would increase.
Taking the changes in these curves, the equilibrium quantity would increase and there would be an indeterminate effect on the equilibrium price.
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Answer:
rice would increase, whereas the direction of the change in equilibrium quantity would be indeterminate. price and quantity would both increase.
Explanation:
rice would increase, whereas the direction of the change in equilibrium quantity would be indeterminate. price and quantity would both increase.
Although different jurisdictions may have different
organizational characteristics, most police forces are organized
under a ______ framework.
Answers
Although different jurisdictions may have different organizational characteristics, most police forces are organized under a bureaucratic framework.
What is a bureaucratic framework?A bureaucratic framework is an organizational structure that follows a hierarchical management structure, with many different departments with specific functions, rules, and procedures to follow.
In this structure, every member has specific duties and tasks to complete to achieve the overall objective of the organization.
The bureaucratic framework works well for police forces because it emphasizes efficient decision-making, orderly communication, and centralized control.
The bureaucratic framework is well-suited for the police force since it enables them to operate effectively and ensure the smooth functioning of the force. This is why most police forces follow a bureaucratic framework, regardless of jurisdiction.
Hence, although different jurisdictions may have different organizational characteristics, most police forces are organized under a bureaucratic framework.
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from combining the 7 facts what opportunities and threats can
you identify( Apple Co)?
Case study chapter 3 A. from combining the 7 facts what opportunities and threats can you identify Apple Co)? 1. 2015 Tax increases 2. High demand of iPhone 13 3. Price pressure from Samsung over key
Answers
Some of the opportunities and threats that Apple Co. can be identified to have include:
Expanding into new markets - Opportunities Developing new products and services - Opportunities Increased competition - Threats Changing consumer preferences - Threats What are some opportunities and threats to Apple ?Apple could expand into new markets, such as India and China, where there is a large and growing population of potential customers. Apple could continue to develop new products and services, such as the Apple Watch and AirPods, to meet the needs of its customers.
Apple faces increased competition from other companies, such as Samsung and G-o-ogle, in the smartphone and tablet markets. Consumer preferences are constantly changing, and Apple needs to be able to adapt its products and services to meet those changes.
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Your manager tells you that a project design is confidential. What should you do?
Answers
Answer:
listen to him and try and talk about it with him and dont tell nobody else about it...
Explanation:
F your consumption increases from $30,000/yr to $40,000/yr when your disposable income increases from $84,000 to $96,500/yr, calculate your mpc
Answers
In this case, the MPC is 0.8. Hence, the person will probably spend 80 cents of every dollar of new discretionary income and save the remaining 20 cents.
In this scenario, we are given two sets of data: the change in consumption from $30,000/yr to $40,000/yr, and the change in disposable income from $84,000 to $96,500/yr. We can use this information to calculate the MPC as follows:
MPC = Change in Consumption / Change in Disposable Income
MPC = ($40,000/yr - $30,000/yr) / ($96,500/yr - $84,000/yr)
MPC = ($40,000/yr - $30,000/yr) / ($96,500/yr - $84,000/yr)MPC = $10,000/yr / $12,500/yr
MPC = ($40,000/yr - $30,000/yr) / ($96,500/yr - $84,000/yr)MPC = $10,000/yr / $12,500/yrMPC = 0.8
Therefore, the MPC in this scenario is 0.8, meaning that for every additional dollar of disposable income, the individual will spend 80 cents on consumption.
It is important to note that the MPC is not a fixed number and can vary based on a variety of factors, such as income level, savings habits, and economic conditions. A higher MPC can lead to increased consumer spending and overall economic growth, while a lower MPC can indicate a tendency towards saving and can limit economic expansion. Understanding the MPC is crucial for policymakers and economists in analyzing the effects of fiscal policy and predicting economic outcomes.
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karns company purchased merchandise on account from bailey office suppliers for $87,000, with terms of 2/10, n/30. during the discount period, karns returned $7,000 of merchandise. karns paid the correct amount within the discount period. karns uses a perpetual inventory system. a) prepare the journal entry that karns company made to record the purchase of merchandise. b) prepare the entry that karns company made to record the return of merchandise. c) prepare the entry that karns company made to record the payment on account.
Answers
(a) To Accounts Payable 87000.(b) To Purchase Return and Allowances 7000. (c) To Sales Revenue 10000. (d) To Inventory (80000 * 2%) 1600.
Karn+A3+A2:D18+A+A2:D18
Date Account Debit Credit
a) Inventory 87000
To Accounts Payable 87000
b) Accounts Payable 7000
To Purchase Return and Allowances 7000
c) Accounts Receivables 10000
To Sales Revenue 10000
Cost of Goods Sold 2000
To Inventory 2000
d) Accounts Payable 80000
To Cash 78400
To Inventory (80000 * 2%) 1600
Merchandise alludes to merchandise, including individual or business items, as well as wares that are offered to individuals from people in general (retail) or different organizations (discount).
Merchandise may likewise allude to 'freebies' - special things, similar to the custom beverage bottles here, that are disseminated or sold for nothing. These things might incorporate schedules, magnets, wall workmanship, writing material, welcoming cards, textiles, identifications, or quite a few things.
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please help me anyone
Answers
Answer:
i believe its a
Explanation:
hope it helps!!
Answer: It is A
Because Hard Skills are the Technical Skills used to perform daily job functions because Hard Skills allow you to perform a job that include mathematical calculations, equations, Computer engineering, Testing, equations, etc. Good Luck on you Quiz and Hope this Helped!
A company purchased $11,000 of merchandise on January 5 with terms 3/10, n/30. On January 7, it returned $700 worth of merchandise. On January 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on January 12 is:
Answers
Debit Accounts Payable is $10,300
Credit Merchandise Inventory is $309
Credit Cash is $2,182.50
What is perpetual inventory system?
A perpetual inventory system, as opposed to a physical inventory, is a program that continuously estimates your inventory based on your electronic records. This system starts with a physical count as a baseline and updates based on receipt of purchases and shipment of goods.
Based on the information given Assuming the company uses a perpetual inventory system to record the purchases using the gross method, the correct journal entry to record the payment on January 12 will be :
Debit Accounts Payable $10,300
($10,300-$700)
Credit Merchandise Inventory $309
[(3%*11,000)-(3%*700)]
Credit Cash $9,991
($10,300-$309)
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Suppose you are a manager at an advertising agency who is eager to utilize Covey's advice about delegation. Today, you need to work on a
presentation for a potential new client. This requires delegating a routine status report about an ongoing advertising campaign to Joanne. By
delegating the status report to Joanne, she has
for its completion.
Answers
Available Option Are:
Juanita must have authority over the resources and personnel needed to complete the status report You should help Juanita with the status report, to the extent you have timeJuanita will have full responsibility for the assignment Juanita will be held accountable for the results of the assignment.Answer:
Correct Options are 1, 3 and 4.
Explanation:
She also has authority to access the legitimate resources to complete the status report in due time. Hence Option 1 is correct.
However, after delegating the assignment to Joanne. I am not responsible to help her complete the task. I may have responsibility of reviewing the status report but I am not responsible for helping her to complete the status report whenever I am free. Hence Option 2 is incorrect.
The reason is that after delegating the task to Juanita with authority and responsibility to complete the assigned task, she is now responsible to complete the status report as the task is assigned to her. Hence option 3 is correct
If Juanita's status report was not difference making or in simple words the purpose of the status report was not fulfilled then she will accountable for the outcome. Hence Option 4 is correct.
Joseph is trying to select a new couch for his living room. As he looks at each couch at the furniture store, he tries to visualize how it would look in his living room at home. Joseph is using _____ to help him determine which couch to buy
Answers
Joseph is using visualization to help him determine which couch to buy.
Joseph's process of visualization plays a crucial role in helping him determine which couch to buy for his living room. As he explores each couch at the furniture store, he actively engages his imagination to envision how it would look in his own living room. This mental exercise allows him to mentally place the couch within the context of his home environment, considering factors such as size, color, style, and how it complements his existing decor.
By visualizing the couch in his living room, Joseph can gauge whether it will harmonize with the overall aesthetic and layout of the space. He considers how the couch will fit in terms of dimensions, ensuring it neither overwhelms nor gets lost in the room. Joseph takes into account the color scheme, contemplating whether the couch will be a complementary or contrasting element within the existing palette.
Furthermore, visualization enables Joseph to assess the functionality and practicality of each couch. He imagines himself and his family members sitting, lounging, or entertaining on the couch, considering aspects like comfort, seating capacity, and usability. Joseph also envisions the placement of the couch, mentally arranging and rearranging furniture in his living room to find the optimal configuration.
Through this visualization process, Joseph is able to mentally project and assess the potential outcome of each couch in his living room. This aids him in making an informed decision based on his preferences, lifestyle, and the specific needs of his living space. By relying on his imaginative faculties, Joseph ensures that the chosen couch not only meets his aesthetic preferences but also seamlessly integrates into his living room, creating a cohesive and visually appealing environment.
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define interrelation constraint and give one example of such a constraint. how are interrelation constraints addressed?
Answers
These constraints must be considered to ensure proper functioning and to avoid unintended consequences. An example of an interrelation constraint is the synchronization between multiple processes in a computer system, where one process may rely on the completion of another before it can continue.
Interrelation constraints refer to the dependencies or restrictions that exist between various elements or components within a system. Addressing interrelation constraints typically involves proper planning, analysis, and design of the system to identify and manage the dependencies.
Solutions may include adjusting the sequence of operations, implementing communication protocols, or using synchronization techniques to ensure that the dependent components work together effectively and efficiently.
By carefully considering and addressing these constraints, a system can be optimized for improved performance and reliability.
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what is a compounding period?
Answers
Answer:
Compounding periods are the time intervals between when interest is added to the account.
Explanation:
Interest can be compounded annually, semi-annually, quarterly, monthly, daily, continuously, or on any other basis.
Duties performed by warehouse case study class 11
Answers
The duties performed by a warehouse include receiving, storing, and distributing goods and materials efficiently and safely.
What are the primary responsibilities of a warehouse?A warehouse plays a crucial role in the supply chain management of businesses. Its main responsibilities revolve around receiving, storing, and distributing goods and materials.
Upon receiving shipments, warehouse staff inspect the contents for quality and accuracy verifying that the delivered items match the corresponding documentation. They then organize and store the goods in designated locations within the warehouse ensuring efficient use of space
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One DISADVANTAGE of entering a family business is:
a) you cannot leave work by going home
b) high start-up costs
c) less job satisfaction
d) financing is especially difficult
Answers
d. financing is especially difficult
Generally, it is a sound business practice to take advantage of cash discounts. the money saved by paying invoices promptly is free to be used elsewhere. conversely, there is an implicit (opportunity) cost of foregoing a cash discount. by forgoing a cash discount, the small business owner is, in effect, paying an annual interest rate to retain the use of the discounted amount for the remainder of the credit period.
For example, assume that Jill anticipates she will receive invoices for $500 from the vendors offering cash discounts of 3/10, net 45.
a) how much will Jill save by paying within the discount period?
b) what will it cost Jill to retain the use of credit for 45 days?
c) what is the annual interest rate of the "loan" (ie. what is the annual rate of 3/10, net 45)?
Answers
Answer: a. $485
b. $15
c. 32.28%
Explanation:
a. how much will Jill save by paying within the discount period?
3% × $500 = 3/100 × $500 = 0.03 × $500 = $15
The amount saved will be:
= $500 - $15.
= $485
b) what will it cost Jill to retain the use of credit for 45 days?
This will be:
= 3% × $500
= 3/100 × $500
= 0.03 × $500
= $15
c) what is the annual interest rate of the "loan" (ie. what is the annual rate of 3/10, net 45)?
c) The annual interest will be calculated using:
= P x R x T
where,
I = interest = $15
P = principal = $485
R= rate of interest = Unknown
T= time factor = 15/365 = 0.0958
Then, annual Interest rate will be:
R = 15/ (485 x 0.0958)
R = 32.28%
Annual Interest rate is 32.28%
The profit and loss system of capitalism helps entrepreneurs determine the
O political impact of the use of resources in the production of a product.
O best human resources but not capital resources to use to produce a product.
best combination of resources to use to produce a product.
O best capital resources but not human resources to use to produce a product?
Answers
Answer:
best combination of resources to use to produce a product.
Explanation:
Capitalism also referred to as free-enterprise system or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, capitalism is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.
Simply stated, a pure capitalism is a type of economy that is completely driven by demand and supply of goods and services.
In a society, the role of an entrepreneur is mainly focused on bringing the four (4) factors of production together and take the risks of producing output, so as to generate revenue through sales and make economic profits in the long-run.
Hence, the profit and loss system of capitalism helps entrepreneurs determine best combination of resources to use to produce a product.
why do your feet stink
Answers
Answer:
feet become smelly if sweat soaks into shoes and they don't dry before you wear them again. Bacteria on the skin break down sweat as it comes from the pores.
PLZ HELP ASAP I HAVE 5 min before it due !!! this is for Econ
Answers
Answer:
increased
Explanation:
The graph shows the equilibrium price, which is an intersection of the demand and supply curves.
Letter A depicts the supply curve, while C is the supply curve. The arrow points to the equilibrium price or the prevailing market price.
Letter B shows the demand curve has shifted to the right(outwards). The shift in the demand curve has brought about a new intersection point between the old supply curve and the new demand curve. The new intersection represents the new price. As per the graph, the new price is at a higher point than the old price, meaning a price increase.
social media platforms provide first impression management tools for corporations and individuals to showcase their own brands and reputations. group of answer choices true false
Answers
True social media platforms provide first impression management tools for corporations and individuals to showcase their own brands and reputations.
How does social media platforms help corporations?It entice clients, get client opinions, and foster client loyalty. expand your market reach to include global markets. lower marketing expenses by conducting market research. By creating consumer networks and advertising, revenue can be increased.
For businesses, having a distinctive voice and connecting with customers on a personal level are more important than ever. Social media offers a simple way to build a visual brand, giving you the chance to establish an identity and a voice to communicate your business's values and interact with followers.
You can turn them into brand advocates for your company in the same manner you want to with your customers by leveraging social media for business communications and creating appealing content. As a result, your employees will feel more connected to your brand and work harder for it.
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1) Inflation represents the rate of increase of the average price of goods. If inflation decreases from 10% to 5%, does the average price of goods decrease? Explain.
Answers
No, the average price of goods does not decrease when inflation decreases from 10% to 5%.
Inflation represents the rate of increase in the average price of goods and services over time. When inflation decreases, it means that the rate of price increase has slowed down, but it does not imply a decrease in the average price itself. Even with a lower inflation rate, prices can still continue to rise, albeit at a slower pace.
The percentage of inflation indicates the extent of price increase compared to the previous period. If the inflation rate decreases from 10% to 5%, it means that prices are still increasing but at a slower rate. For example, if an item was priced at $100 at the beginning of the year, with a 10% inflation rate, its price would increase to $110. However, with a 5% inflation rate, the price would increase to $105. While the rate of increase has decreased, the average price of goods has not decreased.
Therefore, it is important to differentiate between a decrease in the inflation rate (a decrease in the rate of price increase) and an actual decrease in the average price of goods, which would indicate deflation.
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