Darby Company has incurred total fixed costs of $22,000,000 and total variable costs of $10,000,000.
What do fixed and variable costs mean?Over a predetermined time period, fixed costs are constant. Depending on how well the business is doing, variable costs may go up or down. Rent, taxes, and insurance are a few examples of fixed costs. Credit card fees, direct labor, and commission are a few examples of variable costs.
Depending on how much is produced, variable costs change. Regardless of production output, fixed costs stay the same. Payments for insurance, rent or lease, and interest are examples of fixed costs.
The breakdown of the various costs into fixed and variable costs is provided in percentages.
As a result, the total fixed costs are:
= (% of cost of goods sold that is fixed x Cost of goods sold) + ( % of selling expenses for fixed costs x Selling COST) + ( % of Administrative expenses for fixed costs x Administrative cost)
= ( 25,000,000 X 30% ) + ( 4,000,000 X 25% ) + ( 3,000,000 X 50% )
= 7, 500, 000 + 1, 000, 000 + 1, 500, 000
= $10, 000, 0000
These are the total variable costs:
= (% of cost of goods sold that is variable x COGS) + ( % of selling expenses for variable costs x Selling expenses) + ( % Administrative expenses for variable costs x Administrative cost)
= ( 25,000,000 X 70% ) + ( 4,000,000 X 75% ) + ( 3,000,000 X 75% )
= 17, 500, 000 + 3,000,000 + 1, 500, 000
= $22, 000, 000
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When the bookkeeper or accountant has a choice between two acceptable alternatives, they should choose the one that will report less profit, less asset amount, or a greater liability amount. This is based upon which assumption/principle?
When the bookkeeper or accountant has a choice between two acceptable alternatives, they should choose the one that will report less profit, less asset amount, or a greater liability amount. This is based upon Conservatism principle.
A person who does accounting or accountancy is called an accountant. Accountants may use titles like "Chartered Accountant," "Certified Public Accountant," or "Registered Public Accountant" after passing certification tests offered by respective professional organizations.
These experts may be held accountable for professional wrongdoing and are given specific duties by legislation, such as the authority to certify an organization's financial accounts. Non-qualified accountants have no legal rights or duties and are free to operate independently or in the employ of a competent accountant. An accountant may work for a company that regularly needs accounting services or they may be a member of an accounting firm that offers accounting consulting services to other companies.
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max had a party in the apartment he rents from ralph, the landlord. max's rowdy guests cause damage to teh inside of his apartment, the elevators and the front lobby of the building. with respect to the cost of repairs to the building,
Ralph is responsible for paying for the building's repairs, but he can seek idemnification by suing Max and his friend.
In plain language, what does indemnification mean?The pledge by one party (the indemnifying party), also known as indemnity, to cover certain fees and expenses incurred by the other party (the indemnified party), usually as a result of third-party claims, is known as indemnification.
Therefore, indemnity provisions and clauses are particularly strong legal instruments because they essentially sign away a party's right to sue the other. The majority of indemnification clauses only cover one party's right to file a lawsuit against the other, i.e., only one side generally waives that right.
Are you protected by indemnification?To be covered against loss or harm is to be indemnified. To determine how much money the nonperformer owes the party who was wronged in the event of a breach of a contract, the parties refer to the indemnity provision. The objective is to restore the aggrieved party to the position that they would have been in had the nonperformance not occurred.
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What's the purpose of income tax brackets? question 6 options: enable the progressive taxation of income maintain a minimum income level distribute social support to the needy punish the use of income for harmful activities.
The purpose of the income tax bracket is to allow progressive taxation of income.
What is the purpose of income tax categories that allow progressive taxation of income?Progressive taxation involves tax rates that increase (or progress) as your taxable income increases. Low-income earners have lower tax rates, and high-income earners have higher tax rates. This is typically accomplished by creating tax categories that group taxpayers by income category.
How is the tax amount calculated?Tax brackets indicate the tax rate you must pay for each portion of your income. For example, if you are single, the lowest rate of 10% applies to his first $10,275 income in 2022. The next portion of income is taxed at 12% and so on up to the taxable income limit.
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which of the following, by definition, allows you to buy stocks, bonds, and other assets with borrowed money?
Based on the description in the question and the business investment analysis, the definition that allows you to buy stocks, bonds, and other assets with borrowed money is Margin Account
What is a Margin AccountMargin Account is a term in investment and business operations that are used to describe the capacity to buy stocks, bonds, and other assets with borrowed money.
Generally, the Margin Account is used because they involve borrowing, and is only reserved for wealthy clients who have both a high credit rating and a high-risk tolerance.
Features of Margin AccountIt allows the trader to trade other financial productsIt increases the profit and loss potential of the trader's capital.Hence, in this case, it is concluded that Margin Account is a good account to hold when it comes to an investment as it helps the investors to maximize their profits.
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ssume you purchased a high-yield corporate bond with a face value of $1,000 at its current market price of $850 on january 2, 2010. it pays 5 percent interest and will mature on december 31, 2019. (a) determine the current yield on your bond investment at the time of purchase. (enter your answer as a percent rounded to 2 decimal places.) (b) determine the yield to maturity on your bond investment at the time o
a) 8.43% Dollar amount of annual interest = Face value × Interest rate= $1,000 × 0.0725 = $72.50 b. Yield to Maturity = [Annual Interest + {(FV-Price)/Maturity}] / [(FV+Price)/2] = $1849.22
A financial concept known as "face value" refers to a security's nominal or monetary value as indicated by its issuer. The original cost of the stock, as stated on the certificate, serves as the face value for stocks. In the case of bonds, it refers to the sum that is normally paid in $1,000 increments to the holder at maturity. The term "par value" or simply "par" is frequently used to refer to the face value of bonds.
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antonio supervises six graphic designers. if he intends to fill a senior graphic designer position with one of these six people, he will use to identify his job candidates.
Antonio supervises six graphic designers. If he intends to fill a senior graphic designer position with one of these six people, he will use Internal recruiting to identify his job candidates.
Graphic design is a profession, academic discipline, and applied art in which visual communications are projected in order to transmit specific messages to social groups with specific goals. Graphic design is an interdisciplinary design and fine arts field.
Its practise entails using manual or digital tools to express creativity, innovation, and lateral thinking, where text and graphics are commonly used to communicate visually. The graphic designer's role in the communication process is that of message encoder or interpreter.
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which one of the following pairs of goods is likely to have a negative cross-price elasticity of demand?
a. purses and backpacks
b. sofas and dining room tables
c. manicures and pedicures
d. shoes and socks
e. trucks and sedans
Among all the given pairs of goods, the one that is most likely to have a negative cross-price elasticity of demand is shoes and socks. Hence, option D is correct.
What is the meaning of cross-price elasticity?To determine whether products are "substitutes" or "complements," the idea of cross price elasticity of demand is employed. To group goods that are probably going to compete with one another, it is also used in market definition.
Cross price elasticity of demand is a term used to describe how responsive a good's demand is to changes in the price of unrelated goods. It is consistently expressed in percentage terms.
Shoes and socks are the given product pair that is most likely to have a negative cross-price elasticity of demand.
Therefore, option D is correct.
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5. (5 points) Which of the following would be classified as fiscal policy? a) The federal government passes tax cuts to encourage firms to reduce air pollution; b) The Federal Reserve cuts interest rates to stimulate the economy; c) A state government cuts taxes to help the economy of the state; d) The federal government cuts taxes to stimulate the economy; e) States increase taxes to fund education. 6. (5 points) When the economy enters into a recession, your employer is wages because to reduce your a) Unlikely; output and input prices generally fall during recession; b) Unlikely; lower wages reduce productivity and mora le; c) Likely; output prices always fall during recession; e) Likely; aggregate demand is vertical in the long run. 7. (5 points) Automatic stabilizers refer to. a) The money supply and interest rates that automatically increase or decrease along with the business cycle; b) Government spending and taxes that automatically increase or decrease along with the business cycle; c) Changes in the money supply and interest rates that are intended to achieve macroeconomic policy objectives; d) Changes in federal taxes and purchases that are intended to achieve macroeconomic policy objectives. 8. (5 points) Before the Great Depression of the 1930s, the majority of government spending took place at the place at the and after the Great Depression the majority of government spending took a) State and local levels; federallevel; b) Local level; federal level; c) Federal level; state and local levels; d) Federal level; state level.
5. The federal government cuts taxes to stimulate the economy can be classified as fiscal policy.
Which of the following is a form of fiscal policy?Fiscal policy refers to how the government uses taxes, spending, and transfer payments to support stability and growth in the economy. combats both inflation and unemployment, but not simultaneously. To boost the economy, the federal government lowers taxes. taxation and spending by the government that automatically rise or fall with the economy. The fiscal policy entails adjustments to taxes or expenditures in order to achieve economic objectives.
6. When the economy enters a recession, your employer is unlikely to reduce your wages because output and input prices generally fall during recession.
7. Automatic stabilizers refer to government spending and taxes that automatically increase or decrease along with the business cycle.
8. Before the Great Depression of the 1930s, the majority of government spending took place at the place at the State and local levels and after the Great Depression the majority of government spending took place at federal level.
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If the GDP deflator rises from 185 to 190, what is the rate of inflation between the two years?
A. 270%
B. 50%
C. 5%
D. 2.7%
TRUE/FALSE.the three types of income in the us income tax system are ordinary income, portfolio income and capital income.
Ordinary income, portfolio income, and capital income are the three categories of income under the US income tax system. The said statement is true.
What is US Income Tax System?
The federal government with majority of states in the US, imposes income taxes for generating revenue. Applying a tax rate to taxable income, which is the entire income less permissible deductions, yields the income taxes, which may rise as income rises.
Further Earned, passive, and portfolio income are the three basic types of income.
Earned income consists of salaries, tips, commissions, and wages.
Rental properties, royalties, and limited partnerships are all potential sources of passive or unearned income.
Interest, dividends, and investment capital gains are all types of portfolio or investment income.
Therefore the above statement is said to be true.
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current attempt in progress pharoah company ltd. publishes a monthly sports magazine, fishing preview. subscriptions to the magazine cost $15 per year. during november 2022, pharoah sells 14,000 subscriptions for cash, beginning with the december issue. pharoah prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. the company uses the accounts unearned subscription revenue and subscription revenue. the company has a december 31 year-end. prepare a tabular summary to record the following events. (a) receipt of the subscriptions in november. (b) adjustment at december 31, 2022, to record subscription revenue in december 2022.
Fishing Previe is a monthly sports magazine published by Faro Company Limited. Subscriptions to the magazine cost 15 per year in November 2022, and starting with the December edition,[tex]14,000[/tex] subscriptions will be sold for cash record .
At the conclusion of each quarter, Pharo prepares its financial accounts and records subscription revenue. The business uses accounts for earned and unearned subscription money. The business has a December 31st year and gets ready to receive subscriptions in November. So, we do. Date account names, an explanation, debit, and credit are the columns in this table. The year is 2022 point, and our date is November 30th because we're instructed that we're preparing the entry at the end of November. This is where we gave that up. The account's name and a justification. The first item is cash, which will be divided into[tex]210000[/tex] dollars by multiplying the cash account by 15 or 15 times the [tex]14,000[/tex] point, to get 93300 points. The next item is unearned subscription revenue, which is accredited at [tex]210000[/tex]dollars. Again, to record cash receipts, this was calculated by multiplying 15 by [tex]14,000[/tex]
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Fishing Previe is a monthly sports magazine published by Faro Company Limited. Subscriptions to the magazine cost 15 per year in November 2022, and starting with the December edition[tex]14000[/tex], subscriptions will be sold for cash record .
At the conclusion of each quarter, Pharo prepares its financial accounts and records subscription revenue. The business uses accounts for earned and unearned subscription money. The business has a December 31st year and gets ready to receive subscriptions in November. So, we do. Date account names, an explanation, debit, and credit are the columns in this table. The year is 2022 point, and our date is November 30th because we're instructed that we're preparing the entry at the end of November. This is where we gave that up. The account's name and a justification. The first item is cash, which will be divided into[tex]210000[/tex] dollars by multiplying the cash account by 15 or 15 times the [tex]14000[/tex] point, to get 93300 points. The next item is unearned subscription revenue, which is accredited at [tex]210000[/tex] dollars. Again, to record cash receipts, this was calculated by multiplying 15 by [tex]14000[/tex]
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TRUE/FALSE. evidence is used to a decision whenever the decision process combines hard, objective facts with qualitative inputs
When a decision-making process mixes hard, objective facts with qualitative inputs, it uses TRUE evidence.
What function does evidence have in making decisions?Making better decisions and guiding actions that have the desired effect are the goals of evidence-based practice. The finest available evidence and critical thinking are the foundations of an evidence-based approach to decision-making.
What is decision-making supported by facts?Fact-based decision making is a disciplined process that calls for careful consideration before processes and procedures are evaluated in order to gather the right data and then have unbiased, nonjudgmental analysis to extract those facts that are crucial for making decisions and predicting the future.
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Jane, who works in sales for her firm, has learned about her customer during the prequalification stage, but now she must conduct additional research and develop plans for meeting her customer. In the past, she would have maintained this information manually, but today she is able to access such information through her company's
Select one:
A.customer relationship management system.
B.customer response management system.
C.indirect marketing system.
D.direct marketing system.
E.B2B selling system.
Jane, who works in sales for her firm, learned about her customer during the prequalification stage, but now she must conduct additional research and develop plans for meeting her customer. In the past, she would have maintained this information manually, but today she is able to access such information through her company's customer relationship management system. Option A
What is a customer relationship management system?Generally, All of the information that has been gathered about the customer is compiled, linked together, and analyzed by a CRM system.
This includes the client's contact information, as well as their interactions with business representatives, purchases, service requests, assets, and bids or offers. After that, the system gives users access to that data and the ability to comprehend what transpired at each touchpoint.
HubSpot. HubSpot is a customer relationship management (CRM) platform, which means it keeps tabs on client interactions and helps streamline marketing, sales, and service operations.
HubSpot is an excellent choice for any company that is growing (regardless of whether it is a small, medium, or enterprise-level company) as well as any team (such as marketing, sales, customer service, operations, or C-suite).
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theory holds that people are motivated to behave in ways that produce desired combinations of expected outcomes.
Vroom's core premise is that conduct results from conscious decision-making. The terms Expectation, Instrumentation, and Valence are used to explain this:
The anticipation is the conviction that harder work will produce better results; if I work harder, then it will be better. The conviction that one's efforts will lead to the attainment of desired performance goals.
The idea that a reward will be given if a performance requirement is satisfied is known as instrumentality. In other words, there is something in it for me if I do a good job. This compensation could take the form of a pay increase, promotion, acknowledgement, or a sense of accomplishment. When the reward is the same regardless of the performance, instrumentality is low.
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proceeds from notes payable on january 26, nyree co. borrowed cash from conrad bank by issuing a 45-day note with a face amount of $300,000. assume 360 days in a year. a. determine the proceeds of the note, assuming the note carries an interest rate of 6%. fill in the blank 1 of 2$ b. determine the proceeds of the note, assuming the note is discounted at 6%. fill in the blank 2 of 2$
The net proceeds from notes-payable will be $2,250, considering its face value and interest rate as well as time period.
Calculation:
Notes -payable face value = $300,000
Time period for which it is issued = 45 days
Interest rate = 6%
Proceeds from the notes payable = $300,000*6%*60/360 = $2,250
Written promissory notes are known as notes payable. A borrower receives a certain amount of funds from a lender under this arrangement and agrees to pay it back over a predetermined amount of time. The interest rate may be set for the duration of the note or it may change in accordance with the interest rate the lender charges its most valuable clients (known as the prime rate). In contrast to an account payable, which requires the payment of both interest and a promissory note, this is different.
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what refers to how well a system can adapt to increased demands?
The ability of an organization to adapt to changing workloads or market demands is referred to as scalability. Scalable businesses may quickly grow output to meet demand while also benefiting from economies of scale.
What does the capacity to start a system entail?An identical copy of a system's data is a backup; getting a system back up and running after a failure or crash is recovery.
What phrase describes the resources of a computer system being available whenever needed?Cloud computing is, in a nutshell, the on-demand availability of computer system resources, particularly data storage (cloud storage) and computational power, without direct active supervision by the user.
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Answer:
Explanation:
scalability
employment at will allows an employer to terminate employment because an employee files a worker’s compensation claim.
At-will capability that an business enterprise can terminate an worker at any time for any reason, barring an illegal one, or for no motive besides incurring legal liability.
Likewise, an worker is free to depart a job at any time for any or no reason with no detrimental criminal consequences.
Can you negotiate at-will employment?You are in all likelihood an at-will employee until the documents country otherwise. If you signed any of these documents that state that you are an at-will employee, then you have agreed you understand you can be terminated at any time. Keep in thought that you may (and from time to time should) negotiate with your potential employer
Employment at Will Doctrine. If an employment agreement does no longer specify the length of the contract both the company or the worker is free to terminate it at any time (As long as termination does not violate law)
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https://brainly.com/question/13836968#SPJ4Which of the following types of families is likely to have the least need for a large amount of life insurance?
A) a blended family
B) a traditional family
C) a single person family
D) a sandwiched family
a single person family is types of families is likely to have the least need for a large amount of life insurance.
How Does Life Insurance Work?Your contract with an insurance company is known as life insurance. Essentially, the insurance provider will give your dependents a lump sum, known as a life insurance, in return for your monthly premiums. The funds are available for use by your recipients for any objective.
I should purchase life insurance when I am how old?Although you may not "need it," your 20s are the greatest age to purchase affordable term life insurance. You typically receive the most reasonable rates when you're younger and healthier since you pose less of a risk to an insurer.
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in year 1, rick bought a collectible watch for his own use at a cost of $8,000. in year 5, when the fair market value was $12,000, rick gave this watch to his son, chris. no gift tax was due. which of the following correctly states the holding period and the type of asset? holding period type of asset holding period starts year 5 type of asset sec. 1231 holding period starts year 5 type of asset capital asset holding period starts year 1 type of asset capital asset holding period starts year 1 type of asset sec. 1231
Begins Year 1 | The asset's first year was when Rick bought the watch. Unless specifically excluded under the IRC, all of a taxpayer's possessions are considered capital assets.
What is the IRC's purpose?The International Rescue Society responds to some of the worst humanitarian emergencies that exist today, such as the conflict in Afghanistan and the crisis in Ukraine. We aid those who have been harmed by conflict and tragedy in regaining their healthcare, safety, education, economic well-being, and power.
The IRC is legitimate, right?Charity watchdog organizations frequently give the IRC high marks for our effective use of donations and the efficiency of our operations.
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following is a series of statements related to the graph below: i. the ending inventory for period iv is approximately 0. ii. the inventory level increases during period i. iii. starting inventory for period i is greater than 0. iv. there are back orders at the end of period ii. which of the above statements are true? Group of answer choicesI, only is true.I, II, and IV are true.I, III, and IV are true.All of the statements are true.The correct combination is not given
Based on the graph below, the correct following statments are:
The ending inventory for period IV is approximately 0 (i)Starting inventory for period I is greater than 0 (iii)There are back orders at the end of period II (iv)Hence, the correct group of answer is I, III, and IV (B).
Inventory in this case represents the amount of products stocked in a warehouse. In this case, the amount of inventory could be calculated by looking at the gap between the cummulative demand and cummulative output available.
When the cummulative output available is higher than the cummulative demand, there will be some outputs unsold and stored as inventory.
When the cummulative output available is lower than the cummulative demand, there will be some demands unable to meet by the output available. This condition is called as back orders.
Based on the graph below, we know that at the beginning of period I, there are some inventories left from the previous period. Hence, the beginning inventory of period I is greater than 0.
However, along with period I comes along, the amount of cummulative demand raises faster than the cummulative output available. This condition leads to decreasing inventory during period I.
This condition happened until the period III. The low growth of cummulative output available will leads to back orders when some of cummulative demands are unable to meet by the company. This back orders happen for most of period II.
The cummulative output available then grows back faster in period III and meets with the cummulative demand at around similar poit in period IV. When the cummulative demand and cummulative output available meets, we could expect that all output available would be sold and no inventory would be left in this period.
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PLEASE HELP
pt 1. You work for an ad agency that has a Super Bowl sponsor as a client. What approach would you recommend for your agency as it develops a campaign—universal, customized for each geographical region, or something else, and why?
pt 2. What types of companies could benefit from placing ads on the NFL website, and how can they use the internet effectively to promote their products?
A universal campaign is a type that would work best for a Super Bowl. This is because the people that attend the Super Bowl are best defined as a diverse marketing sector.
Companies in the sports, health and fitness industries may profit from placing advertisements on the NFL website.
What exactly can be defined as a universal campaign?Universal Ads offers you one-of-a-kind, cross-platform insights into the data you need to succeed. Bottom-of-the-funnel events are shared across platforms. The conversion rates of ad networks are compared. Long-term trends are classified according to the platform, ad set name, channel, and other characteristics.
Previous research has found that businesses' sales do not increase when their Super Bowl commercials run. New university research, on the other hand, reveals that Super Bowl advertising causes brief increases in web searches and word-of-mouth impressions.
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the first course in the career navigation courses is:
You alone have the ability to develop your career. By finishing this trio of courses, you can take charge of your future while boosting your confidence.
What is navigation in a career?the awareness of internal elements that affect professional decisions and the capacity to consciously investigate and advance your career.
What are skills for navigating a career?Being able to steer your practice in new and better directions if necessary, or alternatively, to negotiate to maximize the potential of your current position, requires flexibility and confidence. Effective career navigation requires developing a keen sense of where you currently stand in key areas of job satisfaction.
Is it challenging to access WP Carey?A high school class ranking in the top 8% and an ACT composite score of 25. ASU competence courses must have a cumulative high school GPA of 3.4 (4.00 = A) or higher in order to be admitted before the Fall 2020 semester.
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Nathaniel is going to an amusement park. The price of admission into the park is $30, and once he is inside the park, he will have to pay $3 for every ride he rides on. How much money would nathaniel have to pay in total if he goes on 10 rides? how much would he have to pay if he goes on rr rides?.
C(r) = $30 + $3r calculates the cost of r rides; 10 rides cost $60.
It defines a cost function.The cost function determines the lowest cost of producing a given amount of output for some fixed factor prices. The cost function provides a description of a corporation's economic potential.
The term "cost function" refers to the functional connection between cost and output. It investigates the cost behavior at various output levels while assuming steady technological advancement. One way to put it is as follows: C= f(Q) (Q) (Where C signifies the manufacturing cost and Q the output quantity) (Where C denotes the manufacturing cost and Q the output quantity.)
In the event that Nathaniel takes ten rides, how much money will he have to spend overall? How much would he be required to pay for rr rides?First, we determine how much he must pay for the rr rides:
We can see that the entrance fee is $30 plus $3 for each game. The cost function is then: if he rides r times.
C(r) = $30 + $3r
Now, if he visits 10 rides, we must evaluate the aforementioned linear function at r = 10, which will result in:
C(10) = $30 + $3X10 = $60
For $60, you can take ten rides.
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in the current year, susan sold an antique that she bought 6 years ago to display in her home. susan paid $800 for the antique and sold it for $1,400. susan chose to use the proceeds to pay a court-ordered judgment. the $600 gain that susan realized on the sale of the antique should be treated as ordinary income. long-term capital gain. an involuntary conversion. a nontaxable transaction.
Gain that Susan realized on the sale of the antique should be treated as long-term capital gain.
What is capital ?In economics, capital goods or capital are "permanently produced commodities that are in turn used as productive inputs for further production" of goods and services. At the macro level, "a country's capital stock includes buildings, equipment, software and supplies in a given year."Capital is a broad term for anything that gives value or utility to its owner. For example: Factories and their machinery, intellectual property such as patents, or financial assets of companies and individuals.Equity can be any financial asset used. Money earned from ongoing activities is reported as capital on the company's balance sheet. Some examples are money in bank accounts, money from the sale of stocks, and money from the sale of bonds.To learn more about capital from the given link :
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An agency relationship is terminated by expiration in all of the following situations except when
an event occurs.
the principal dies.
the purpose has been accomplished.
the time period ends.
An agency relationship is terminated by expiration in all of the following situations except when the principal dies. Thus, option B is correct .
What is an agency relationship?
In trust duties known as an agency, a person authorizes a representative to act from his or her place. The principal has power over the agency, and indeed the operative must agree to her directives. Having an agent who can execute on behalf of the client is the goal of an agent partnership.
An agency connection ends when an event takes place or expires. When the time frame expires, the goal has been achieved. this relationship does not mean that there will be a change in the principal.
Therefore, option A is the correct option.
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as ad blocking and skipping tools have become more prevalent, many marketers using ________ are adding emphasis to direct "opt-in" approaches to reaching consumers.
As ad Blocking and skipping tools have become more prevalent, many marketers using Sales promotion are adding emphasis to direct "opt-in" approaches to reaching consumers.
What is Sales promotion?A sales promotion can be described as the marketing strategy whereby the business uses a temporary campaign or offer to increase interest or demand with respect to the product or service.
It should be noted that business may choose to use a sales promotion so as to be able to boost sales.
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state insurance regulators conduct claim audits to ensure
State insurance regulators conduct claim audits to ensure fair claim settlement practices which is therefore denoted as option B.
What is Claim audit?This is done by a claim auditor who works in an insurance company and is responsible for determining if the services or items claimed for payment were the same as what the beneficiary received during reimbursement.
This is usually done by analyzing various aspects of the claims submitted by policyholders so as to ensure that the right amount is paid on other to prevent any form of injustice to the parties involved.
State insurance regulators are also involved in the conduct claim audits to ensure fair claim settlement practices as this helps to prevent any form of issues and sanctions by the regulating body.
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The options are:
A. Fair and appropriate pricing.
B. Fair claim settlement practices.
C. Equal workloads of claim representatives.
D. Compliance with reinsurance treaties.
sodexo, a leading food and facilities management services company in north america, deals primarily in the areas of serving
Sodexo, a leading food and facilities management services company in North America, deals primarily in the areas of serving corporate facilities management services.
What is Sodexo?Sodexo is company based in North America serving 100 million customers per day in 53 countries by means of special food cuisine, facilities management, employee benefits, and personal home services.
Some of the major services provided by Sodexo are Corporate facilities management services, Food delivering at work & business catering, employee and guest services such as visitor and concierge services, digital transformation services for corporate, social responsibilities services.
Thus Sodexo group is a leading service provider in food and facilities management services company in North America.
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Which of the following is the best description of the total revenue test?
The question did not specify the options.
A total revenue test describes the price elasticity ( the time frame where changes in the price of the product affect consumer behavior) or inelasticity of demand by measuring the changes in revenue from the change in the price of a product or service.
It helps in setting an optimum price for products or services to achieve revenue. It helps businesses in their pricing strategy. It is calculated as,
Total Revenue = Number of units sold * cost per unit
Total revenue tests can also help in determining the type of demand that exists for the company's products and help to grow its revenue.
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If a consumer places a value of $15 on a particular good and if the price of the good is $17, then the.
If a consumer places a value of $15 on a particular good and if the price of the good is $17, then the consumer does not purchase the good.
In behavioral economics, willingness to pay (WTP) refers to the maximum price at or below that a consumer will definitely pay to purchase one unit of a particular good. It corresponds to the standard economic view of a consumer reservation price or the value a customer places on the product. Some economists conceptualize WTP as a range rather than a single price. Hence, if a price of product is above the price range that the consumer is willing to pay, it is highly likely that consumer will not purchase the product or service. As the price of the good $17 is higher that the perceived price value of the good $15, the consumer does not purchase the good.
Note: The question is incomplete and probably the complete question is: If a consumer places a value of $15 on a particular good and the price of the good is $17, then the: a. consumer has a consumer surplus of $2 if he or she buys the good. b. consumer does not purchase the good. c. market is not a competitive market. d. price of the good will fall due to market forces.
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