If a certain combination of goods or services lies outside the production possibilities curve of an economy, which of the following is true? ( )
Effective trade barriers have reduced foreign imports into the economy.
New technology is being used in production.
Resources are not available to achieve that combination of goods or services.
Resources are not being used efficiently to achieve that combination of goods or services.
Resources are being used at a more rapid rate than they were in the past.
Answers
Achieving that combination of goods or services is not possible due to a lack of resources.
What are the Factors of Production?For the economy to expand, there must generally be an increase in the production of goods and services as a whole. This is required to meet growing population aspirations and population expansion. Growth is stagnate if overall production does not rise at a rate that corresponds to these predictions.
The elements of production in an economy are labour, capital, and natural resources.
Labour is the term used to describe the human labour required to generate goods and services. People who are employed or who are looking for work are considered to be a potential source of labour for the economy.Capital Capital is a type of production factor that is made specifically to be used in the creation of other goods and services. Capital includes things like office buildings, machinery, and tools.Natural resources are those that can be used to produce goods and services and are derived from the natural world.To know more about Factors of Production refer to :
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Related Questions
During the assessment phase of networking, it’s best to be specific about your business _______.
Doing some research on the key players will help you make the most of business _______ or _______.
Chatting with other people at parties or meetings is a great way to make _______.
When out networking people in _______ naturally gravitate to others.
Based on what you've read, respond to the following.
List two of the qualities that help form a strong foundation for business relationships.
What are two important stages in making business connections?
Answers
1. During the assessment phase of networking, it is best to be specific about your business objectives.
2. Doing some research on the key players will help you make the most of business contacts or opportunities.
3. Chatting with other people at parties or meetings is a great way to make connections.
4. When out networking, people naturally gravitate to others.
Business relationships are an essential aspect of all types of business enterprises, whether large or small. Developing good relationships is vital to the success of any business. Two qualities that help form a strong foundation for business relationships are trust and reliability. These two qualities help establish a sense of honesty, transparency, and consistency in business practices.
Trust and reliability are vital components of business relationships because it creates a safe and comfortable environment for business partners to communicate freely, share ideas, and brainstorm on how to grow the business together. In addition, it provides an avenue for open discussions and sharing of constructive feedback that will help businesses identify areas of improvement.
The two most important stages in making business connections are networking and relationship building. Networking is a critical stage in business development because it enables businesses to build a vast array of contacts that they can leverage to grow their business. Relationship building, on the other hand, focuses on building trust and nurturing relationships with clients, partners, and other stakeholders.
This stage requires a long-term commitment and entails consistent communication and transparency to establish a sense of mutual trust and respect. To conclude, strong business relationships are essential to the success of any business. Building such relationships takes time and effort. Trust and reliability are crucial elements that can help establish a strong foundation for business relationships. Networking and relationship building are two vital stages in making business connections, and they require commitment, time, and effort.
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what information from carrie’s paystub is important to know and use when creating her budget?
Answers
Answer:
Brainliest pls
Explanation:
her income statement
3. How would you evaluate IMAX's international expansion to date?
Answers
Answer:
yes
Explanation:
yes
The best evaluation of the expansion of the IMAX is that there is a faster spread of the business internationally than domestically.
What is a Business Expansion?This refers to the period of growth peak when a business has to seek extra options to develop and generate more profit.
Hence, we can see that from the expansion of IMAX, there is the creation of more theatres in India as they have entered a business partnership with Inox to bring the total number of contracted theatres in India to 40
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Why is it important to take notes during long lectures or discussions?
a) To review material later
b) To make sure speakers do not change their opinion in later lectures
c) To reuse notes when giving a presentation
d) To quiz the speakers
Answers
Answer:
B. to make sure speakers do not change their opinion in later lectures.
a manager who takes credit for the work his/her employees perform without giving credit to the person(s) who actually did the work is acting in a(n) manner.
Answers
A manager who takes credit for the work his/her employees perform without giving credit to the person(s) who actually did the work is acting in a(n)unethical manner.
Why do people engage in unethical manner?
Therefore, communication has ethical bounds because it is a powerful tool. Ethical communication is communication that aims to enhance interpersonal relationships or modify society's moral values. It is unethical to use communication to sabotage relationships or promote social immorality.
Unethical manner can be defined as actions that are against social norms or acts that are considered unacceptable to the public.
Examples of Unethical Behavior
Using Misfortune to Your Advantage. In English, the expression "kicking somebody while they're down" is used to describe this unethical behavior.
Overcharging customers, lying, accepting kickbacks, and making cash under the table are all unacceptable.abuse of animals, child labor, and other issuesPolitical activism is being repressed.To learn more about unethical manner refer to:
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2. Which aspect of professionalism do you feel that you are strongest at? Explain why you think so. (1-3 sentences. 2.0 points)
Answers
Answer:
I feel like my strongest aspect of professionalism would be communication. My career interests require lots of communication with customers. I would need to be able to communicate with the customer’s feelings and needs for whichever situation they are in and what they want to accomplish.
Explanation:
Name 4 main parts of a business plan.
Answers
Breakdown of Your Products and Services.
Marketing Plan.
Sales Strategy.
Marketing plan
Key management bios
Financial plan
The owner of a real estate office prepared a cash flow budget for the coming month. The beginning cash balance was $1,500.
Projected revenue and costs are:
• revenue of $5,000
• supply costs of $1,000
• staff payroll of $2,500
• rent of $1,000
• insurance of $100
Match the dollar amount to the correct line item on a cash flow budget:
non
Answers
Answer:
I need to put middle school mode on
Student aid is based on either financial need or _____ need.
A. Merit-based
B. Academic
C. Social
D. Emotional
(Please help I’m confused by all the different answers people are giving and I need to turn this in soon)
Answers
In addition to telling readers why an illustration is important, why else should you refer to it in the text of your document?
Answers
Answer:
To assist the readers to relate objects and actions with texts.
Explanation:
Aside from telling readers why an illustration is important, the other reason you should refer to it in the text of your document is "to assist the readers to relate objects and actions with texts."
This is evident in the fact that illustration in a text is a means of presenting a graphical representation of ideas, processes, or theories to aid or give elaborate meaning to what is written.
13) In the following expression, Total: [Rate] * [Hours], "Total" is a(n) ________.
A. alias
B. Group By operator
C. title
D. wildcard
Answers
Answer:
B. Group By operator
Explanation:
Hope this helps and have a nice day :)
Answer:
Group by operators
Explanation:
If it's Python then the correct word is variable and title .
As total is used to store the result of rate ×Hours(blank) is an individual's total earnings throughout a given period before any deductions are made.
A.)Net Pay
B.)Income
C.)Paycheck
D.)Gross Pay
Answers
Answer:
Gross pay is an individual's total earnings throughout a given period before any deductions are made
Explanation:
D. is yo answer
Select the correct answer.
Some social workers work in hospitals.
A. True
B. False
Answers
Answer:
A
Explanation:
Hope that helps!!
Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?
Answers
Managers want larger budgets; entrepreneurs work to do more with less.
How do entrepreneurs approach resources differently from employee-managers?Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.
This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.
Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.
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Question 3 of 10
What is an advertising campaign?
A. A method of finding customers according to particular
characteristics
B. A set of games customers receive for free when they buy certain
products
C. An electronic device that enables customers to interact with an
advertisement
D. A series of product-related activities designed to get the attention
of customers
Answers
An advertising campaign is a series of product-related activities designed to get the attention of customers. Option D
What is an advertising campaign?An advertising campaign is a series of product-related activities designed to get the attention of customers. It involves the creation and dissemination of advertising messages through various channels such as TV, radio, print, online and social media, with the goal of promoting a product, service or brand to a specific target audience.
The campaign typically has a specific objective and a set budget and may run for a defined period of time.
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Triple-F Health Club (Family, Fitness, and Fun) is a not-for-profit family-oriented health club. The club's board of directors is developing plans to acquire more equipment and to expand club facilities. The board plans to purchase about $25,000 of new equipment each year and wants to establish a fund to purchase the adjoining property in four or five years. The adjoining property has a market value of about $300,000.
The club manager, Jane Crowe, is concerned that the board has unrealistic goals in light of the club's recent financial performance. She has sought the help of a club member with an accounting background to assist her in preparing a report to the board supporting her concerns.
Jane would like you to prepare a cash budget for 2024 for the Triple-H Health Club and explain any operating problems that this budget discloses for the Triple-H Health Club. Is Jane Crowe's concern that the board's goals are unrealistic justified?
Answers
The Triple-H Health Club may face operational issues in 2024, based on the cash budget. There is a $5,000 cash shortfall as a result of the anticipated cash outflows exceeding the anticipated cash inflows.
What is Cash Outflow?Any cash payments or expenditures made by a person or organization, such as purchasing inventory, paying salaries, or purchasing equipment, are referred to as cash outflow.
To prepare a cash budget for 2024, we need to estimate the club's cash inflows and outflows for that year. Here is a potential cash budget for Triple-H Health Club for 2024:
Cash Inflows:
Membership fees: $200,000
Donations: $20,000
Total Cash Inflows: $220,000
Cash Outflows:
Equipment purchases: $25,000
Rent: $60,000
Salaries and wages: $100,000
Utilities: $12,000
Insurance: $10,000
Maintenance and repairs: $8,000
Total Cash Outflows: $215,000
Net Cash Inflows: $5,000
This cash budget indicates that the club is expecting a net cash inflow of $5,000 in 2024, which is a positive sign. However, the budget also shows that the club has relatively high fixed costs in the form of rent, salaries, and wages, which could pose challenges if the club's revenue falls short of expectations.
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what is the present value of $7500 per year, at a discounted rate of 7.1%, of the first payment is received 6 years from now and the last payment is received 25 years from now
Answers
Answer:
PV= $50,981.17
Explanation:
First, we need to calculate the future value at the end of the period:
FV= {A*[(1+i)^n-1]}/i
A= annual payment
FV= {7,500*[(1.071^19) - 1]} / 0.071
FV= $283,234.78
Now, the present value:
PV= FV/(1+i)^n
in this case n=25 years
PV= 283,234.78 / (1.071^25)
PV= $50,981.17
An employee:
works for someone else
O takes the risk of a business venture
sets financial goals for the business
sets nonfinancial goals for a business
Answers
Answer:
works for someone else
Explanation:
An employee is someone hired to offer labor services to their employers. The employers may be an individual, a private organization, or the governments. Employees earn wages, salaries, and other benefits provided by the employer in exchange for their labor services.
Employees do not assume any risks as the business owners do. Their role is to fulfill their mandate as instructed by the employers. Employees assist the employer in accomplishing their business vision.
Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
Answers
To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.
Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
Answers
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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Explain briefly the following concepts. A) Utility B) Indifference curve C) Law of diminishing marginal utility D) Budget line E) Consumer preference F) Marginal rate of substitution
Answers
B) Indifference Curve: An indifference curve is a graph that shows different combinations of two goods which give the consumer the same amount of satisfaction.
C) Law of diminishing marginal utility: The law of diminishing marginal utility states that as a consumer consumes more units of a good, the marginal utility derived from each unit decreases.
D) Budget Line: A budget line is the boundary that defines all combinations of two goods or services that the consumer can purchase, given their current income and prices.
E) Consumer Preference: Consumer preference is the preference given by a consumer for certain goods or services over others when deciding what to purchase - this preference is usually expressed in terms of utility.
F) Marginal Rate of Substitution: The marginal rate of substitution is a measure of how much one good must be given up in exchange for another good in order for the consumer to remain indifferent between the two goods.
Utility is the satisfaction a consumer gets from a good, indifference curve represents combinations of goods that provide the same satisfaction, law of diminishing marginal utility states satisfaction decreases with more consumption, budget line shows affordable combinations of goods, consumer preference is individual choice, marginal rate of substitution measures tradeoff along an indifference curve.
Explanation:Utility: Utility refers to the satisfaction or benefit that a consumer derives from consuming a good or service.
Indifference curve: An indifference curve is a graphical representation of different combinations of two goods or services that provide the same level of satisfaction to a consumer.
Law of diminishing marginal utility: The law of diminishing marginal utility states that as a consumer consumes more of a good or service, the additional satisfaction or utility gained from each additional unit decreases.
Budget line: A budget line represents all possible combinations of two goods or services that a consumer can afford given their income and the prices of the goods.
Consumer preference: Consumer preference refers to the individual choices or rankings of different goods or services based on their personal tastes, needs, and desires.
Marginal rate of substitution: The marginal rate of substitution measures the rate at which a consumer is willing to give up one good in exchange for an additional unit of another good along an indifference curve.
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Listed below are selected transactions of Schultz Department Store for the current year ending December 31.
1. On December 5, the store received a deposit from the Selig Players to be returned after certain furniture to be used in stage production was returned on January 15. $ 500
2. During December, cash sales were received, which include the 5% sales tax that must be remitted to the state by the fifteenth day of the following month. $ 798,000
3. On December 10, the store purchased for cash three delivery trucks. The trucks were purchased in a state that applies a 5% sales tax. $ 120,000
4. The store sold 25 gift cards for $100 per card. At year-end, 20 of the gift
cards are redeemed. Schultz expects three of the cards to expire unused.
Number of gift cards sold 25
Value of each gift card $ 100
Number of cards unredeemed at year-end 20
Number of cards expected to expire unused 3
Instructions
Prepare all the journal entries necessary to record the transactions noted above as they occurred and any adjusting entries relative to the transactions that would be required to present fair financial statements at December 31. Date each entry. For simplicity, assume that adjusting entries are recorded only once a year on December 31.
NOTE: Enter a formula, a cell reference, or a value (if you are unable to reference a cell), into the yellow shaded input cells.
Debit Credit
1. Dec.5
2. Dec. 1 - 31
3. Dec. 10
4. Dec. 31
Dec. 31
Answers
The journal entry of Department Store for the current year ending December 31 is given below:
What are journal entries?Journal entries are the entries made to document the transactions carried out by the company. The books of accounts have a record of every dollar that comes in and goes out. The transactions that are documented are in the book of accounts and are examined and audited for surplus payments or deficits, which are the most frequent errors to be discovered over recording, after they have been made. Below are the diary entries related to the context that are attached.
Date Particular Amount (Dr) Amount(Cr)
1 Dec 2005 cash 500 500 2 Dec 31 cash 798,000
Sales 760,000
Sales Taxes Payable 38,000
(Being sales recorded)
3. Dec 10 Delivery Truck 126,000
cash 126,000 4. Dec 31 cash 126000
Sales 2500
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There are two questions with four parts each, in the Application Exercise.
Can you guys help me with this Application exercise in Principles Of Marketing? I'm literally confused...
Answers
According to marketing managers, the following is best defined based on their Point of view (POV):
Production definition: A process of creating goods or services through the conversion of raw materials or resources into finished products.Brand analysis: Involves evaluating the strengths, weaknesses, opportunities, and threats of a brand, as well as assessing its market position and identifying ways to improve its competitiveness.Product value: Refers to the perceived worth or benefit that a product provides to customers in exchange for their money, time, or effort. It is influenced by factors such as quality, features, pricing, and brand reputation.Solution meaning: In marketing, a solution refers to a product or service that addresses a specific problem or need that customers have. Marketing managers focus on identifying and promoting solutions that are relevant and valuable to their target customers.Who are marketing managers and what they do?A marketing manager is in charge of the promotion and positioning of a brand or the products and services sold by a company.
Marketing managers are typically hired to attract more customers to purchase from the company and to raise brand awareness through the development of marketing campaigns. Marketing managers oversee the promotion of businesses and products.
Answered question "marketing managers point of view 1. Production definition, 2 brand analysis, 3 product value and 4 solution"
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Calculate the total account value for $10,000.00 at 10% interest for 15 years
Answers
A = P(1 + r/n)^(nt)
where:
A = the total account value
P = the principal amount (the initial investment)
r = the annual interest rate (as a decimal)
n = the number of times the interest is compounded per year
t = the number of years
Plugging in the given values, we get:
A = 10,000(1 + 0.10/1)^(1*15)
A = 10,000(1.10)^15
A = 10,000(4.177)
A = $41,770.00
Therefore, the total account value for $10,000.00 at 10% interest for 15 years would be $41,770.00.
Which option is an example of capital as a factor of production?
A. A government increasing taxes
B. An artist painting a picture
OC. A tree used to make paper
D. An industrial assembly line
Answers
The example of capital as a factor of production is D. An industrial assembly line
What are factor of production?In economics, factors of production can be regarded as the resources, as well as the inputs which serves as those things that is used in the production process to produce output.
It shoud be noed hat hese are needed in the manudacture of the goods and services however there are various was that these factors are been used, the various inputs determine the quantity of output with respect to the relationship called the production function.
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true/false. falling trade barriers pose a serious threat to the nation's domestic market because they increase competition in the task environment
Answers
Falling trade barriers pose a serious threat to the nation's domestic market because they increase competition in the task environment. (FALSE)
What's trade barrierFalling trade barriers do not necessarily pose a serious threat to the nation's domestic market because they increase competition in the task environment. While increased competition can be a challenge for domestic businesses, it can also lead to greater efficiency, innovation, and improved products and services for consumers.
Additionally, lower trade barriers can create new opportunities for domestic businesses to enter international markets and expand their customer base. It is important for businesses to adapt to changing market conditions and take advantage of new opportunities in order to remain competitive.
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What would be the effects if a business didn't follow the matching principle?
Answers
If a Business fails to follw the principle It may not be able to create proper financial statements and that may provide an inaccurate current position of the business
Hope it helps
Fixed costs are _____.
costs that increase regardless of how much of a good or service is produced
costs that stay the same regardless of how much of a good or service is produced
costs that decrease regardless of how much of a good or service is produced
none of the above
Answers
Answer:
costs that stay the same regardless of how much of a good or service is produced
Explanation:
In the short run, fixed costs are the expenses that do not change regardless of the output level. In other words, fixed costs remain a constant amount throughout the financial period. Examples of fixed costs include rent, administrative salaries, insurance, and loan repayments. These amounts will be the same irrespective of production levels.
Fixed costs contrast with variable costs that vary depending on the output level.
John and Mary Johnson were divorced in January 2018. By terms of their divorce decree John had to pay alimony to Mary at the rate of $50,000 in 2018, $25,000 in 2019, and zero in 2020. For the first three years of the agreement, determine what portions of the payments are deductible by John and includible in Mary's gross income.
Answers
Answer:
$0 for both of them
Explanation:
The Tax Cuts and Jobs Act of 2017 excluded the deduction of alimony payment. This means that any alimony payment made to a spouse (if the divorce was settled after January 1, 2018) is not deductible anymore. nor it will be included in the gross income of the spouse that receives it. Basically, the IRS doesn't consider them anymore.
Which statement BEST matches the image. Cannot be used more than once. > < soda da soda soda A orange juice • A orange juice • A orange juice A 1. Inefficient / Underutilization 2. Impossible / Unobtainable Technological advances in production 3. 4. Efficient Production
Answers
Based on the given image and the options provided, the statement that best matches the image is: 4. Efficient Production
The statement BEST matches the imageThis is because the image depicts a soda can production line where the cans are being efficiently filled with soda. The process appears to be smooth and without any inefficiencies or underutilization of resources. The image suggests that the production line is operating optimally and effectively, resulting in the efficient production of soda cans.
There is no indication in the image provided to suggest that the production is impossible or unobtainable due to technological advances. Nor does it indicate any inefficiency or underutilization of resources. Therefore, option 4, Efficient Production, aligns best with the image.
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