Answers
If f(x) is continuous and f(a) < N < f(b), the line y = N intersects the function at some point x = c, according to the Intermediate Value Theorem, Such a number, c, is between a and b and has the property that f(c) = N
What is intermediate value theorem?To prove intermediate value theorem,
Consider a function.
f(x) = x⁴ + x - 7 = 0
Consider an interval (1 , 2)
Differentiating the equation now,
f'(x) = 4x³ + 7 > 0
As a result, the equation is positive at the given interval.
At x=1,
f(1) = 1⁴ + 1 - 7
= -5
At x= 2,
f(2) = 2⁴ + 2 - 7
= 11
Now consider the interval (1,2)
f(1) < 0 < f(2)
i.e
This indicates that there is a value c between 1,2 and
f(c) = 0
According to the intermediate value theorem, this implies that there is a root within (1,2).
Hence the function f with interval [a, b], and value k, there will be some c in (a, b).
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Related Questions
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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An institutional broker wants to review their book of customers to see which are most active. Given a list of trades by customer name, determine which customers account for at least 5% of the total number of trades. Order the list alphabetically ascending by name.
Answers
Answer:
Alpha
Beta
Delta
Epsilon
Zeta
Explanation:
The customers list should be updated and sorted periodically to identify regular customers and those customers with big orders. There are many customers in the list and the list is not sorted according to alphabetical order. Those customers which account for more than or at least 5% of total trade are Alpha, Beta, Delta, Epsilon and Zeta. These are place first in list among other customers.
For which corporate structure is income and/or losses from the company reported through a means OTHER than personal tax returns?
Answers
The answer is Limited partnerships are type of corporate structure in which income and/or losses from the company reported through a means OTHER than personal tax returns.
Profits are passed through to personal tax returns, and the general partner the partner without limited liability, must also pay self-employment taxes.
Why Do We Pay Taxes?Government programs like Social Security and Medicare as well as public infrastructure and services like roads and schools are funded by tax income.
What does economics use as an example of taxation?Taxes are levied on tangible property, such as real estate and business deals like the sale of stocks or the purchase of a home. Taxes might be in the form of income, corporate, capital gains, property, inheritance, or sales taxes.
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What was the opening price of Dow Jones Industrial Average on Apr 06, 2017
Answers
Answer:
Date Open Close*
Apr 06, 2017 20,653.77 20,662.95
If your company matches 75 cents on the dollar,and you contribute $200 a paycheck, how much will your employee match?
Answers
Write about three pages (750 words) on one of the following topics. In writing your essay, feel free to build on insights from the discussion boards. Drawing on insights from the religion module, compare and contrast how you imagine life to be different for a believer, an agnostic, and an atheist. Imagine a society without literature, music, visual arts, dance, and so forth. Reflect on what would be lost, what gained. I’ll evaluate your exams mainly by the following criteria: Originality of your ideas Development of thoughts Style of writing
Answers
A believer would find solace and guidance in their faith, deriving meaning and purpose from their religious practices.
What would be an agnostic's approach to life?An agnostic would approach life with an open mind, seeking answers through rational inquiry and personal experience.
An atheist, lacking belief in deities, would rely on reason and evidence for understanding the world. In a society devoid of literature, music, visual arts, and dance, profound losses would occur.
The expressions of human creativity, emotional catharsis, and the exploration of diverse perspectives would vanish. Cultural richness, intellectual stimulation, and the shared human experience would be greatly diminished.
However, new avenues for innovation and problem-solving may emerge as attention shifts to other forms of knowledge and human endeavors.
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What is the relationship between the discount rate and the money supply?
Answers
Answer:
ytre
Explanation:
What is a residual plot?
Answers
Answer:
A residual plot is a graph that has on the vertical axis, the residuals and on the horizontal axis, the independent variable.
Explanation:
The residual plot gives a representation of the closeness of how each data point is vertically from the graph of the prediction equation from the model. It shows a fairly random pattern. If the data point is above or below the graph of the prediction equation of the model that is supposed to be the most appropriate for the data.
It is typically used to find problem with regression
An investor sells 150 shares of Amazon (AMZN) stock at $35.00 and pays a $7 commission. What is the total amount of money received by the investor ?
$5,243
$5,250
$5,520
Please help me answer it correctly
Answers
Answer:$5,257 well....thats not an option so im sorry....if i were to guess based on answer opitons i would pick $5,243
Explanation:
:)
Which of the following statements is CORRECT?
a) Perhaps the most important step when developing forecasted financial statements is to determine the breakdown of common equity between common stock and retained earnings.
b) The first, and perhaps the most critical, step in forecasting financial requirements is to forecast future sales.
c) Forecasted financial statements, as discussed in the text, are used primarily as a part of the managerial compensation program, where management's historical performance is evaluated.
d) The capital intensity ratio gives us an idea of the physical condition of the firm's fixed assets.
e) The AFN equation produces more accurate forecasts than the forecasted financial statement method, especially if fixed assets are lumpy, economies of scale exist, or if excess capacity exists.
Answers
Answer:
B) The first, and perhaps the most critical, step in forecasting financial requirements is to forecast future sales
Explanation:
Forecasting can be regarded as initial step in process of financial planning.
It should be noted that The first, and perhaps the most critical, step in forecasting financial requirements is to forecast future sales
What is the best definition of a credit report?
E
A number that shows how much of your overall credit you're using
A period of time between when you spend money and when the company
charges you interest
A history of how you pay back loans and credit cards
A number that shows a snapshot of your credit at a specific moment in time
Answers
A credit report is a detailed summary of an individual's credit history and financial behavior, compiled by credit reporting agencies. option C.
It contains information about an individual's borrowing and payment habits, including loans, credit cards, mortgages, and other financial obligations. The report typically includes information on credit accounts, balances, payment history, and any delinquencies or defaults. It may also include public records such as bankruptcies, tax liens, and civil judgments. The credit report is used by lenders and other financial institutions to assess an individual's creditworthiness and ability to repay loans. A credit report provides lenders with an objective view of an individual's financial behavior, enabling them to make informed decisions about whether or not to extend credit.
The report includes a credit score, which is a three-digit number that reflects an individual's creditworthiness. The score is calculated based on several factors, including payment history, credit utilization, length of credit history, and types of credit used. A higher credit score indicates a lower risk of default, and may make it easier to obtain credit and better interest rates. Overall, a credit report is a critical tool for anyone seeking credit or financing. By understanding what information is included in a credit report, individuals can take steps to improve their creditworthiness and increase their chances of obtaining favorable credit terms. Option C
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Which sentences in the passage describe a medium-term financial plan correctly?
Samuel is a manager in a multinational firm. After completing one and a half years, the company has shown considerable profits. The learning curve
shows high implicit costs incurred due to inexperience. His financial plan now includes the business setup costs. In his financial plan, he presents
the sales forecast annually for the next five years. He also prepares a profit and loss statement, where he includes the sources of income and likely
expenses over the next five years.
Answers
The sentence in the passage that describes a medium-term financial plan correctly is "In his financial plan, he presents the sales forecast annually for the next five years."
The medium-term financial plan is a comprehensive financial plan that covers the next few years, usually 3 to 5 years. It gives a direction for future budgeting, investing, and savings for mid-term goals.
In the given passage, Samuel's financial plan presents the sales forecast annually for the next five years, which implies that the financial plan covers the mid-term (3 to 5 years) rather than the short-term (less than one year) or the long-term (more than 5 years).
Hence, the sentence in the passage that describes a medium-term financial plan correctly is "In his financial plan, he presents the sales forecast annually for the next five years."
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If you are filing your tax return as an individual, you will need to itemize your taxes if
(1 point)
the sum of your deductible contributions is less than $300.
the sum of your deductible contributions exceeds $300.
you don't have any deductible contributions.
you donated to a religious institution.
Answers
If you are filing your tax return as an individual, you will need to itemize your taxes if the sum of your deductible contributions is less than $300.
What does it mean to file a tax return?To file a tax return means to fill in the documents that have to do with the taxes that a person owns to the government authorities responsible for taxes based on the income that they make in the economy and based on their expenditures also.
The person that is filing this has to do so with the authority that is closest to the areas that they are residing.
The tax that is paid to the government can be defined as the money that a person makes from the businesses and the salary that they are paid in the economy.
Hence we can conclude by saying that If you are filing your tax return as an individual, you will need to itemize your taxes if the sum of your deductible contributions is less than $300.
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Answer:
the sum of your deductible contributions exceeds $300.
Explanation:
connexus
You’ve observed the following returns on Yamauchi Corporation’s stock over the past five years: −10 percent, 24 percent, 21 percent, 11 percent, and 8 percent. The average inflation rate over this period was 3.1 percent and the average T-bill rate over the period was 4.1 percent. a. What was the average real return on the stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What was the average nominal risk premium on the stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answers
Answer:
Year Return
1 -0.10
2 0.24
3 0.21
4 0.11
5 0.06
0.540
Average return = 0.540 / 5
Average return =0.108
Average return = 10.80%
a. Average Real Return = [( 1 + Average return) / (1+ inflation rate)] - 1
Average Real Return = [(1+0.1080)/(1+0.081)] - 1
Average Real Return = 0.0747
Average Real Return = 7.47%
b. Average Nominal Risk Premium = Average Return - Risk free rate
Average Nominal Risk Premium = 0.1080 - 0.041
Average Nominal Risk Premium = 0.067
Average Nominal Risk Premium = 6.70%
The average real return on the stock is 7.47% while the average nominal risk premium on the stock is 6.70%.
From the information given, the average return will be calculated thus:
= 0.540 / 5
= 0.108
Average return = 10.80%
Therefore, the average real return will be:
= [( 1 + Average return) / (1+ inflation rate)] - 1
= [(1+0.1080) / (1+0.081)] - 1
= 0.0747
= 7.47%
Also, the average nominal risk premium will be:
= Average Return - Risk free rate
= 0.1080 - 0.041
= 0.067
= 6.70%
Therefore, the average real return on the stock is 7.47% while the average nominal risk premium on the stock is 6.70%.
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______segmentation has long been used by the marketers of products and services
such as automobiles, boats, clothing.cosmetics, financial services, and travel.
a. Behavioral
b. Age
C Gender
d. Income
Answers
Gender segmentation has long been used by the marketers of products and services such as automobiles, boats, clothing.cosmetics, financial services, and travel. The correct option is c.
a. Behavioral Segmentation:
Behavioral segmentation divides customers based on their behavior, usage patterns, and buying habits. It helps marketers understand customers' preferences, loyalty, purchase frequency, and responses to marketing efforts.
This type of segmentation allows marketers to tailor their offerings and marketing messages to specific customer behaviors and needs. For example, in the automobile industry, behavioral segmentation can be used to target customers who frequently upgrade their vehicles or those who prioritize fuel efficiency.
b. Age Segmentation:
Age segmentation categorizes customers into different age groups. This segmentation variable recognizes that different age groups have distinct preferences, lifestyles, and purchasing power.
Marketers use age segmentation to target products and services that align with the needs and desires of specific age demographics. For instance, clothing companies may create separate marketing campaigns to target teenagers, young adults, and middle-aged individuals, each catering to their unique fashion preferences.
c. Gender Segmentation:
Gender segmentation involves dividing customers based on their gender, recognizing that men and women often have different preferences and needs.
Marketers use gender segmentation to create targeted marketing messages and product offerings that appeal specifically to male or female customers. For instance, cosmetic companies may develop separate product lines and marketing strategies for men and women, focusing on their respective beauty needs and preferences.
d. Income Segmentation:
Income segmentation groups customers based on their income levels. It enables marketers to understand the purchasing power and affordability of different customer segments.
By targeting customers based on their income, marketers can tailor their pricing, promotions, and product offerings accordingly. For instance, financial services companies may offer premium banking services to high-income individuals, while providing budget-friendly options for customers with lower incomes. The correct option is c.
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The objective of a(n) _____ is to create a new capability for the asset, but not necessarily extend its useful life.
Answers
The objective of a rearrangement is to create a new capability for the asset, but not necessarily extend its useful life.
Which five intangible assets are there?Goodwill, brand equity, intellectual properties (trade secrets, patents, trademarks, and copyrights), licensing, customer lists, and R&D are the key categories of intangible assets. Intangible asset values are typically not disclosed on the balance sheet.
What tangible examples are there?You can touch something that is actually tangible. Both a rock and a damaged window are palpable; if the rock is laying close to the window, it may be visible proof of vandalism. When we remark that a room's tension is "palpable," we imply that we can almost physically feel it there.
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price elasticity of demand for electricity
Answers
The price elasticity of demand for electricity reflects the sensitivity of electricity consumption to price changes.
The price elasticity of demand for electricity is a measure of the responsiveness of electricity consumption to changes in its price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price.
Understanding the price elasticity of demand for electricity is important for policymakers, electricity providers, and regulators in making informed decisions.
In the short run, the price elasticity of demand for electricity tends to be relatively low or inelastic. This means that changes in the price of electricity have a relatively small effect on the quantity demanded.
Electricity is considered a necessary and essential good for many households and businesses, and there are limited substitutes available in the short run.
In the long run, the price elasticity of demand for electricity becomes more elastic. Consumers and businesses have more flexibility to respond to price changes by adjusting their behavior, investing in energy-efficient technologies, or switching to alternative energy sources.
The availability of substitutes and technological advancements play a significant role in increasing the elasticity of demand over time.
It is important to note that the price elasticity of demand for electricity can vary across different consumer segments and regions. Industrial and commercial consumers often have more options to adjust their electricity consumption patterns and tend to have a higher elasticity of demand.
Residential consumers, on the other hand, may have fewer alternatives and exhibit a lower elasticity of demand.
It helps policymakers and stakeholders anticipate the impact of price fluctuations and design effective policies related to pricing structures, subsidies, energy efficiency programs, and the promotion of renewable energy sources.
Understanding the price elasticity of demand for electricity is crucial for balancing economic, environmental, and social goals in the energy sector.
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Consider a firm redesigning its logistics network. What are the advantages of having a small number of centrally located warehouses? What are the advantages of having a larger number of warehouses closer to the end customers?
Answers
Small centrally located warehouses offer cost efficiency and simplified inventory management, while larger warehouses closer to customers provide faster delivery, better customer service, and cost savings in shipping.
Having a small number of centrally located warehouses offers several advantages in a firm's logistics network:
Cost Efficiency: Centralized warehouses can lead to cost savings in terms of inventory management, transportation, and operational overheads. With fewer warehouses, the firm can benefit from economies of scale in procurement, storage, and distribution.
Simplified Inventory Management: Managing inventory becomes more streamlined when there are fewer warehouses. It allows for better control and visibility over stock levels, reducing the risk of stockouts or overstocking.
Faster Transit Times: With centrally located warehouses, products can be shipped more quickly to various regions since they are closer to major transportation hubs. This reduces lead times and improves overall customer satisfaction.
Improved Coordination: Centralized warehouses facilitate better coordination and synchronization of supply chain activities. It becomes easier to manage inbound and outbound logistics, optimize transportation routes, and consolidate shipments.
On the other hand, having a larger number of warehouses closer to end customers provides the following advantages:
Faster Delivery: Proximity to end customers enables faster order fulfillment and delivery. Products can reach customers more quickly, reducing transit times and improving responsiveness.
Enhanced Customer Service: Local warehouses allow for better customization and personalization of service. They can cater to specific regional preferences, offer faster response times to customer queries, and handle returns or exchanges more efficiently.
Lower Shipping Costs: By locating warehouses closer to customers, transportation costs can be reduced as products travel shorter distances. This can lead to cost savings in shipping expenses.
Flexibility and Redundancy: Having multiple warehouses distributed geographically provides redundancy and flexibility in the supply chain. It mitigates the risk of disruptions, such as natural disasters or transportation issues, as the firm can rely on alternative warehouse locations.
In summary, a small number of centrally located warehouses offer cost efficiency and streamlined inventory management, while a larger number of warehouses closer to end customers provide faster delivery, improved customer service, lower shipping costs, and increased flexibility.
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Which of the following is an example of a middle manager?
Teller at a bank
O Director of marketing
O Chief executive officer
O Salesperson in a retail store
Answers
Answer:
Director of marketing
Explanation:
I just got it right in a test
The Director of marketing is an example of a middle manager. Thus, option B is correct.
Who is a manager?A manager is a person who maintains the flow of the business, he is responsible for the smooth running of the business and coordinating between various departments. A manager tends to be the person who is delegating and is responsible for coordinating.
According to the hierarchical positions of the company, there are various positions that need to be filled like workers, staff, managers, executive managers, head of an office, CEO, etc.
From the given options, the middle manager will be the director of marketing the teller of the bank comes at a lower level, the chief executive officer will be at the top most level, and a salesperson will be at the lower middle level. Therefore, option B is the correct option.
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All of the following statements regarding the career agency distribution system are correct except
Answers
All of the aforementioned statements regarding the career agency distribution system are correct except: Personal producing general agents (PPGAs) are commonly hired to manage career agencies.
What is an agency?An agency can be defined as the ability of an individual to identify valued goals, priorities and desired outcomes, so as to enhance the purposeful pursuit of those goals and desired outcomes proactively, efficiently and effectively.
What is a career agency distribution system?A career agency distribution system can be defined as a type of distribution system that typically involves an insurance company making use of its own commissioned agents, in order to sell and deliver insurance policies.
In conclusion, a career agency distribution system is the most common system that is used for distributing individual life insurance products.
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Complete Question:
All of the following statements regarding the career agency distribution system are correct EXCEPT:
It uses agents who primarily if not exclusively represent one insurer.
Personal producing general agents (PPGAs) are commonly hired to manage career agencies.
There are two types, the general agency system and the managerial system.
The managerial form of career agency system uses company employees as the agency managers.
A firm’s accounting profit is equal to
Answers
The total revenue less all explicit costs, including depreciation, is the accounting profit. Economic profit is calculated by deducting entire costs from the total revenue or return of a business or investment.
What is accounting?
Accounting is the organized, consistent recording, reporting, and comprehension of a business's financial activity.
Subtracting explicit costs from total revenues yields accounting profit. Total revenues minus both explicit and implicit costs equals economic profit.
Explicit costs are expenses incurred directly by a company, such as payments for goods, rent, or labor and salaries. Accounting profit exceeds economic profit, assuming that implicit costs are positive.
As a result, a firm’s accounting profit is equal to total revenue minus explicit costs.
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What other information do i need to help me make a career decision?
Answers
Answer:
How to make a decision
Here are some steps you can take to help you make a decision that involves your career:
Identify and investigate the decision.
Set aside time to think.
Consider your options.
Remember your values.
Ask for a different perspective.
Evaluate your plan.
Explanation:
Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accom-modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease
options:
(See photos below)
Answers
Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.
The three lease options available to Beverly Mills are as follows:
Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile
Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile
Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile
Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
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What advice would you give to anyone who thinks they are going to be terminated from their employment?
Answers
Answer:
✓ Do not panic
✓ ask your employer for a honest feedback
✓Initiate a conversation in a neutral setting with your boss
✓Don't trust everything your boss says
✓Do your best work possible
✓Step up your game
✓Keep your boss and others in the loop
which method of entering a foreign market has a domestic firm actively managing a foreign company or overseas facility
Answers
Complete Question:
Which method of entering a foreign market has a domestic firm actively managing a foreign company or overseas facility?
Group of answer choices
A. joint venture
B. direct ownership
C. exporting
D. licensing
E. contract manufacturing
Answer:
B. Direct ownership.
Explanation:
Direct ownership is a method of entering a foreign market that has a domestic firm actively managing a foreign company or overseas facility.
Generally, it considered to be a good option when there exist similarities between the domestic and foreign cultures and when political risks associated with the market are very minimal or little.
However, direct ownership is considered to be the riskiest method of entering a foreign market and it typically requires more commitment from the business owner than any other method of entering a foreign market such as joint ventures, exporting, licensing, contract manufacturing, piggybacking, franchising etc.
An income statement compares: a) revenue and sales. b) sales and expenses. c) expenses and assets. d) assets and liabilities
Answers
The purpose of an income statement is to compare b) sales and expenses.
What is an income statement?An income statement is a financial statement that a company uses to find out how much profit they have made over the course of an operating period which is often a year.
The first entry into an income statement is sales. This can also be called service revenue for service providing companies. Expenses are then deducted from this revenue to find out the net income. This means that an income statement compares revenue / sales and expense.
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N 1: BUSINESS SECTORS Complete the table by referring to the companies/ profession and classify each under the correct business sector. Khulamini farming, Makwakwa Attorneys. Cape Timber & Mo Shoprite, Anglo platinum, Eskom. Thanda Construction (Pty) L PRIMARY SECTOR SECONDARY SECTOR TERTIARY SEC Advise businesses on the purpose (importance) of the private sector
Answers
Makwakwa Attorneys SECONDARY
Cape Timber & Mo SECONDARY
Shoprite SECONDARY
Anglo platinum SECONDARY
Eskom SECONDARY
What is the purpose and importance of the private sector?The private sector plays a crucial role in the economy by driving innovation, creating jobs and contributing to economic growth. It encompasses businesses and organizations that are privately owned and operated, rather than being under government control.
The private sector includes various industries such as agriculture, manufacturing, services, finance and more. Its purpose is to generate profit and provide goods and services to meet the demands of consumers. By operating independently, the private sector promotes competition, efficiency and entrepreneurship leading to economic development and increased prosperity.
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blank be chartered by an appropriate governmental body to exist.
Answers
Answer:
A charter is a legal document that formally establishes a corporate entity. Charters are issued by national or provincial governments.
Explanation:
The incorporator oversees setting up the company, prepares and files the charter, and supervises the creation of other corporate documents. The business may also propose an amended charter if the number of directors changes, the board members themselves change, or the corporation moves its primary location.
15. SHORT-RUN PROFIT MAXIMIZATION Answer the following questions on the basis of the monopolist's situation is illustrated in the following graph.
a. At what output rate and price does the monopolist operate?
b. In the equilibrium, approximately what is the firm's total cost and total revenue?
c. What is the firm's economic profit or loss in equilibrium?
Answers
Based on the short-run profit maximization graph, we can infer and logically deduce the following true statements:
The monopolist operate at an output rate of 100 units and a price of $5.In the equilibrium, the firm's approximate total cost and total revenue are $500 and $300 respectively.This business firm experiences an economic loss in equilibrium.What is a monopoly?A monopoly can be defined as a type of market structure which is typically characterized by a single supplier (seller) or service provider, who sells and provide a unique product or service in the market, especially through dominance.
This ultimately implies that, monopoly refers to a market structure wherein the single supplier (seller) or service provider has no competitor because he or she is solely responsible for the sale of a unique product or service, without any close substitute.
In the short-run, a monopolist would maximize profit or minimize losses by producing the quantity of goods where marginal revenue is equal to marginal cost (MR = MC).
By critically observing the short-run profit maximization graph, we can infer and logically deduce the following true statements:
The monopolist operate at an output rate of 100 units and a price of $5.In the equilibrium, the firm's approximate total cost and total revenue are $500 and $300 respectively.This business firm experiences an economic loss in equilibrium.Read more on short-run profit maximization here: https://brainly.com/question/28044500
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City Taxi Service purchased a new auto to use as a taxi on January 1, Year 1, for $23,700. In addition, City paid sales tax and title fees of $570 for the vehicle. The taxi is expected to have a five-year life and a salvage value of $6,360. Required a. Using the straight-line method, compute the depreciation expense for Year 1 and Year 2. (Round your answers to the nearest whole dollar amount.) b. Assume the auto was sold on January 1, Year 3, for $19,672. Determine the amount of gain or loss that would be recognized on the asset disposal. (Round the intermediate calculations to nearest whole dollar amount.)
Answers
Answer: See explanation
Explanation:
Note that the depreciable cost was calculated as $17910 and the depreciation per year was:
= $17910/5
= $3582
Also, the book value of the taxi was calculated as:
= Cost - Accumulated depreciation
= $24270 - ($3582 × 2)
= $24270 - $7164
= $17106
Check the attachment for further explanation.
