Answer and Explanation:
The economic profit is
Economic profit = Total revenue - (Explicit costs + Implicit costs)
where
Total revenue is $100,000
Explicit costs are $70,000
Implicit costs are $10,000 (opportunity costs)
Now
Economic profit = $100,000 - $70,000 - $10,000
= $20,000
In the case of small cars that within 6000 lbs, the depreciation should be capped at $18,000 for the first year
Hence, the option b is correct
What are the two biggest enemies of coffee that affect the freshness of the beans (for my biggby job pls)
what is accounting in entrepreneurship
Answer:
Definition: A business's bookkeeping system that tracks the money coming in vs. the money going out. Aside from every business owner's inherent desire to stay in business, there are two other key reasons to set up a good bookkeeping system: 1.
The government of Namibia is strapped for cash, and it has decided to tax all foreign investments (such as food packaged in the country) by up to 40 percent of the appraised value. The Namibian government has found that this is the handiest and quickest means of finding operating funds. The economic risk in discussion here is
Answer:
Tax control
Explanation:
Considering the scenario described above, the economic risk in the discussion here is TAX CONTROL.
This is because Tax Control is a means or process of identifying, securing, and controlling a company's tax risks to manage the total tax issues of the company involved.
Hence, in this case, the issue at hand is how the government of Namibia will be using the tax control framework to identify and secure tax returns from foreign investment.
A cash equivalent is: Multiple Choice Generally within 3 years of its maturity date. Close to its maturity date but its market value may still be affected by interest rate changes. Is not considered highly liquid. Another name for cash. An investment readily convertible to a known amount of cash.
Answer:
An investment readily convertible to a known amount of cash
Explanation:
Cash equivalents are items usually recognized in the balance sheet along with cash (then names Cash and cash equivalent) that are readily or easily convertible to cash at an amount that is measurable.
Examples of cash equivalents include commercial papers, bank certificate of deposit, treasury bills usually with a tenor of 3 months or less etc.
Cash equivalents are assets and help improve the company's liquidity.
A famous jazz pianist and a nightclub owner executed a contract that called for the pianist to perform at the nightclub five times per week for six months. The contract prohibited the pianist from giving public performances during the contract period at any other venue located within a specified distance of the nightclub. Three months into the contract term, the pianist received a more lucrative offer to play a series of shows at a restaurant located within the contractually prohibited area. The pianist accepted the offer. Upon learning about this arrangement, the nightclub owner filed a suit seeking an injunction to prevent the pianist from performing at the restaurant. The nightclub owner has made no attempt to hire another performer to replace the pianist. The judge determines that the contract restriction on the pianist is reasonable. Is the judge likely to grant the injunction
Answer:
Famous Jazz Pianist and a Nightclub Owner
The judge is likely to grant the injunction to prevent the pianist from performing at the restaurant.
Explanation:
This opinion is based on the determination already reached by the judge that the contract restriction on the pianist is reasonable. The contract is valid with clear terms legally agreed to by the pianist and the nightclub owner. The pianist is expected to abide by the terms of the contract, which do not impose a total restriction on his trade.
A condo owner, a citizen of State A, hired an electrician, a citizen of State A, and a gas worker, a citizen of State B, to fix the wiring in his condo and install a new gas stove. Unfortunately, the condo burned down while they were working on it. The condo owner sued the gas worker for negligence, seeking $100,000. The gas worker files a motion to dismiss the case for failure to join the electrician, alleging that he contributed to the fire. How should the court rule
Answer:
Deny the motion, because the electrician is not a necessary party.
Explanation:
A necessary party is defined as a party that is required to be joined as part of a case and without who a case cannot be decided.
The party must be indispensable in the ruling to be considered as being required to be joined.
However in this scenario either electrician or the gas worker can be held entirely responsible for the fire. So the case can be satisfactorily decided without joining the electrician.
The home owner can raise a seperate case against the electrician if he so feels in the future.
What are the qualifications to become a primary teacher and a secondary? Write them.
Answer:
The eligibility requirement for a Primary Teacher in a Government School is Senior Secondary School certificate or Intermediate or its equivalent, and Bachelor of Elementary Education (B. El. Ed.), or Diploma or certificate in basic teachers' training of not less than two years duration.
Franchising offers all the following benefits for franchisers except Group of answer choices franchise agreements require a certain standard of behavior from franchisees, which helps protect the franchise name. franchisers can retain control of their name while increasing global penetration of their products. the franchisee's revenue stream is fairly consistent because franchisers pay fixed fees and royalties. the franchiser's revenue stream is fairly consistent because franchisees pay fixed fees and royalties. franchisers do not have to put up a large capital investment.
Answer:
Franchising offers all the following benefits for franchisers except
the franchisee's revenue stream is fairly consistent because franchisers pay fixed fees and royalties.
Explanation:
When a franchisor gives a franchisee the authority to do business in the franchiser's trade name, using its business system, it is called franchising. The franchisee pays a royalty, including an initial franchise fee, to the franchisor in exchange for this right. In this business arrangement, the franchise right confers on the franchisee the authority to establish branches of the franchising company.
write how one can become a skillful manager
Answer:
One can become a skillful manager with general knowledge and people skills
Explanation:
Every manager has indaviduals working under him or her, so they need to be able to communicate with their subordinates. Thats is where the people skills comes into play. Additionally, every manager needs to know alot about what they are managing, depending on if they are managing a product, or a shift at a restaurant, they need to know how things operate. This usually comes with expeirence. The third skill that every manager needs is problem solving. When a problem arises, it is a managers job to fix problems or delagte tasks to people to fix problems.
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Carter Production, Inc.'s required production for the first six month of the year is as follows. Month Required Production January 50,000 February 70,000 March 85,000 April 105,000 May 110,000 June 120,000 Each unit requires two pounds of material. Given a desired ending inventory of 20% of next month's production needs, the pounds of material to be purchased in April is: Multiple choice question.
Answer:
212,000 pounds
Explanation:
Calculation to determine what the pounds of material to be purchased in April is
Beginning inventory 210,000
(105,000 x 2)
Add Ending inventory 44,000
(20% of May production needs
( 110,000 x 2 x 20%)
Less Beginning Inventory 42,000
(20% of April)
April pounds of material to be purchased 212,000 pounds
(210,000+44,000-42,000)
Therefore the pounds of material to be purchased in April is 212,000 pounds
What is one main objective in the study of economics?
RE
recognizing the types of services available to everyone
O recognizing the relationship between producers and consumers
O recognizing the reasons why consumers supply services
O recognizing the difference between producers and consumers
Answer:
O Recognizing the relationship between producers and consumers.
Explanation:
Economics is the study of how resources are used by people to produce goods and provide services. This branch of study focuses on the production, distribution, and consumption of goods and services.
While the study of economics can be classed into macroeconomics and microeconomics, one of the main objectives of this study is to determine the relationship between producers and consumers. The focus is on the way people respond to the availability and use of the resources.
Thus, the correct answer is the second option.
A major financial institution hired a renowned security firm to attempt to compromise its computer network. A few days later, the security firm reported that it had successfully entered the financial institution's computer system without being detected. The security firm presented an analysis of the vulnerabilities that had been found to the financial institution. This is an example of a
Answer:
detective control.
Explanation:
Cyber security can be defined as preventive practice of protecting computers, software programs, electronic devices, networks, servers and data from potential theft, attack, damage, or unauthorized access by using a body of technology, frameworks, processes and network engineers.
IDS is an acronym for intrusion detection system and it can be defined as a security system which is typically used to monitor network traffic and it notifies the engineer when there's a malicious activity.
Generally, the detection methods used by the Intrusion Detection Systems (IDS) are;
1. Statistical anomaly-based detection.
2. Stateful protocol analysis detection.
3. Signature-based detection.
Hence, the operations in this scenario is an example of a detective control which avails a business firm information about vulnerabilities that exist in its network system.
A homeowner was injured when an automatic cutoff switch failed to function on a snowblower he was using. The cutoff switch had functioned well for a year after he purchased the snowblower but failed after the machine had been improperly repaired by a mechanic. The snowblower's operating manual contained a clear and prominent warning against making the very alteration to the switch mechanism that was made by the mechanic. The mechanic, however, did not have a manual available when he repaired the snowblower. Does the homeowner have a viable claim against the manufacturer of the snowblower for damages
Answer:
No, because the injury resulted from a substantial alteration of the snowblower by a third party.
Explanation:
The snowblower user had repaired the machine by a local mechanic. It was written on the operating manual that mechanics of the machine is not easy and if there is any alteration made to to switch the machine may function abnormally. The alteration was made to the snowblower despite of clear warning by the manufacturer. Therefore homeowner cannot have a valid claim against the manufacturer of snowblower for damages.
Why feasibility analysis is important before starting a new business venture?state the role feasibility analysis with in entrepreneurial success.
The receptionist at Brunt Inc. is punctual, polite, and always cheerful. The firm's employees and customers all love her. However, she has difficulty with the clerical tasks that the firm's prior receptionists handled. The receptionist's supervisor recommends redesigning the receptionist's job. That recommendation would be most appropriate in which situation?
The recommendation proposed by the supervisor would be the most adequate in a circumstance when 'The employee is highly motivated but lacks the ability, and training is not expected to help.'
In an organization, a recommendation for replacing an employee is made only when the employee fails to accomplish the required responsibility adequately. In the given situation, the receptionist despite being extremely prompt, activated, and humble fails to complete the given duties as she lacks the required skills to justify her job's position in the company. Thus, the recommendation for replacing her would be adequate as she lags behind in accomplishing the clerical tasks that play a key role in the organization's management.Learn more about 'job recommendation' here:
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An investor owned a 100-acre parcel that contained several natural asphalt lakes. A construction company was erecting highways for the state in the vicinity of the investor's land and needed a supply of asphalt. The investor executed a document that, in return for a payment of $1 per barrel, gave the company the right to enter on the land and take asphalt in whatever quantities the company desired. The investor reserved the right to remove asphalt herself and to grant this right to others. Last year, the state commenced an action in eminent domain to take the investor's land for a public park. Is the construction company entitled to compensation
Answer: Yes
Explanation:
The construction company is entitled to compensation because it has a property right to enter and remove minerals.
The investor gave the construction company the right to use the properties on the land, if anything would be done on the land, the construction company should be compensated because they bought the right to do business there. Since the owner granted them the sole right, they are entitled to the resources.
Two unrelated individuals, John and Tom, own all the stock of Regal Corporation, which has earnings and profits of $400,000. Because of the inactivity of the business for the last several years, Tom has decided to retire from the business and move to Alaska. Accordingly, Regal Corporation will redeem all the stock owned by Tom and, in return, Tom will receive a distribution of $500,000. Tom's adjusted basis in the stock is $250,000. What will be the tax effect to Tom
Answer:
Capital gain of $250,000
Explanation:
Calculation to determine What will be the tax effect to Tom
Redemption proceeds $500,000
Less Adjusted basis in the stock ($250,000)
Capital gain $250,000
($500,000-$250,000)
Therefore the tax effect to Tom will be CAPITAL GAIN of $250,000
Help Wanted Ads Established company seeking full-time residential house cleaner. We will train. Must be honest and dependable. Call (123) 456-7890. Suburban medical facility seeking surgeon. Board Certified required. $1,000 signing bonus for every year of experience, up to $15,000. Send resume to 123 Medical Drive, Suburbia, GA. Temporary lifeguard needed to fill summer holiday shifts at outdoor swimming pool Must have CPR and Lifeguard certification. Apply in person to Bridgefront, 123 Bridgefront, Anytown, GA. Aircraft manufacturer seeking engineers with advanced degree in physics and no less than 15 years experience. Many positions available. Send resume to 123 Aircraft Blvd., Anytown, GA. According to the help wanted ad for a surgeon, how many years of experience will provide the LARGEST signing bonus?
A) 0-4 years
B) 5-9 years
C) 10-14 years
D) 15+ years
Answer: D 15+ years
Explanation:
The more years the larger the sign bonus
The management at Kohler Inc., a manufacturer of sinks, tubs, and other plumbing products, thinks that there will soon be a major growth in home remodeling due to rising interest rates. The management decides to use ____ in several key cities to provide support services for its sales force in those areas, carry inventory, and offer credit and other services to its retail plumbing customers.
Answer:
sales branches.
Explanation:
A sales branch can be defined as a wholesaler owned by a manufacturer and takes product title, assumes the risk associated with the ownership of this product, resells the product, as well as providing services to the end users or consumers. Thus, it's a form of business management set up by manufacturers in order to improve on their inventory control, sales, as well as the promotion of goods and services.
In this scenario, the management at Kohler Inc. is using sales branches in several key cities because it provide support services for its sales force in those geographical areas, carry inventory, as well as offering credit and other services to its retail plumbing customers.
Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or competitive industry).Assumed in perfect Competition------------------Not Assumed in perfect Competition-A small number of producers-Significant barriers to entry-Many buyers-Firms selling similar but different goods-Price taking behavior
Answer:
Assumed in perfect Competition
Many buyers
Price taking behavior
Not assumed in perfect Competition
A small number of producers
Significant barriers to entry
Firms selling similar but different goods
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
Sirius Cybernetics Corp. produces touch-enabled wearable devices. Its research and development team recently became aware of a new, open-source technology produced by a firm overseas that would improve the processing speed and battery life of all Sirius Cybernetics devices. In this scenario, Sirius Cybernetics would be best served to embrace
A. open innovation.
B. closed innovation.
C. disruptive innovation.
D. radical innovation.
In the given situation, Sirius Cybernetics should be best served as the open innovation.
The information related to open innovation should be as follows:
The motive of using the inflows and outflow of the knowledge in order to accelerate internal innovation.It is also be used for diversifying the market for innovation purposes.It is for promotion purposes with respect to innovation & the awareness of the new and open technology source.It cannot be a closed innovation, disruptive innovation, and radical innovation.
Therefore we can conclude that Sirius Cybernetics should be best served as open innovation.
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We wish to develop a confidence interval for the population mean. The population follows the normal distribution, the standard deviation of the population is 3, and we have a sample of 10 observations. We decide to use the 90 percent level of confidence. The appropriate value of to represent the level of confidence is ________________.
Select all the correct answers. Which two research options are examples of secondary sources? Select all the correct answers.
Answer:
Research studies, Case studies, Books, Information from organization's database.
Explanation:
The secondary sources are defined as the sources that is used to describe or summarize or discuss the information and the details which is originally presented in the other sources. It provides a good overview of the topic or the subject that we are studying or doing a research.
Some of the secondary researches during a research process are :
Research studies, Case studies, Books, Information from organization's database.
Nasir finds a used car for $4,000.00. It has all of the features he wants. He compares prices of similar cars at other car lots and finds the best deal at the local used car lot. The car looks even better than it did in pictures. It has a nice paint job, new tires, and new windshield wipers. Nasir pays $300.00 for a down payment and then purchases the car. He also bought an extended warranty and detailed car washing. What did he forget to do
Answer: a. Check the car for mechanical problems
Explanation:
Much like a house needs to be inspected before you move in, so also does a car. Especially when that car is an already-used car.
Regardless of how well the sellers may have made the car look aesthetically, Nasir should still have the car checked for mechanical problems as these are not visible upfront but can be very troublesome if present.
Checking the car would also enable him negotiate better because it would show the exact condition and he can take this into account during price negotiations.
You work in an office and one of your co-workers has announced his retirement. You have offered to purchase the retirement gift, so you place a collection jar in the lunch room for anonymous donations to help pay for the gift. After a week you find that very few dollars are in the jar, so you end up paying for a large share of the retirement gift. You are the victim of the:
A. common resource problem.
B. private good problem.
C. overuse of a common resource problem.
D. free-rider problem.
Answer:
D
Explanation:
The free rider problem is a form of market failure. It occurs when people benefit from a good or service of communal nature and do not pay to enjoy these services.
Because you have offered to buy the gift, fellow employees are not bound to make donations to buy the gift. This is because regardless of if donations are made, you would still purchase the gift
ECO Jeans, Inc. had a mission to become the leading producer of environmentally friendly blue jeans, an emerging and in-demand category in the apparel industry. Its strategy involved leveraging a network of organic cotton farmers and suppliers of environmentally responsible synthetic materials to create a product that is durable, attractive, affordable, and 100% recyclable. However, because it did not upgrade its outdated production facilities, ECO Jeans could not assemble its products at a low-enough cost to offer the jeans at a price that was attractive to customers. ECO Jeans’ strategy failed because
Answer: it was not backed up with strategic commitments.
Explanation:
The reason why ECO Jeans’ strategy failed is because the strategy was not backed up with strategic commitments.
Strategic commitments refers to the decisions that are taken by a company which have a long-term impact on the company.
Since ECO jeans could not upgrade its outdated production facilities, the company could not assemble its products at a low-enough cost to offer the jeans at a price that was attractive to customers. This could have had a positive impact on the company for a long term.
important of doctor any five
Answer:
saving life, extending life, humanitarian work, controlling epidemic and conducting research
Three business people who wish to invest in a new company. Each person is willing to pay one third of the total investment. . After careful calculation, they realize that each of them would pay $ 7600 less if they could find two more equal investors. How much is the total investment in the new business.
A) $ 64,000
B) $ 54,000
C) $ 21,000
D) $ 5,400
E)e) $57,000
1
1
A broker has an exclusive right-to-sell listing on a building. An offer to purchase the building is received while the owner is out of town. The offer requires a commitment from the seller before the seller is scheduled to return to the city. Under these circumstances, the
Answer:
Broker must obtain the signature of the seller to effect a contract.
Joe's company is looking to make a number of improvements. The firm would like to maximize potential volume and reserved instance (RI) discounts across multiple accounts and also apply service control policies on member accounts. Which service or tool can be used to gain these benefits
The service or tool that could be used for gaining the benefits should be AWS Orgs.
The information related to AWS Orgs is as follows:
AWS Organization should be an account management service. In this, there are multiple AWS accounts that should be consolidated for developing and managing. As an organization administrator, the accounts should be developed and the existing accounts should be invited for joining the organization.Therefore we can conclude that the service or tool that could be used for gaining the benefits should be AWS Orgs.
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