suppose the federal reserve sets the reserve requirement at 10%. banks hold no excess reserves and no additional currency is held. how much will the total money supply increase by if the federal reserve increases reserves by $50?

Answers

Answer 1

Suppose the US Federal Reserve sets a reserve requirement of 10%. Banks do not hold excess reserves and do not hold additional currency. If the Federal Reserve increases its reserves by $50, the total money supply will increase by $50.

What does the Federal Reserve actually do?

The Federal Reserve monitors risks to the financial system and works nationally and internationally to ensure that the system supports the economic health of American homes, communities, and businesses.

Where does the Federal Reserve Board get its money from?

The Federal Reserve is not funded by Congressional funds. Its operations are primarily funded from interest earned on securities it owns (purchased through the Federal Reserve's open market operations).

Who currently owns the Federal Reserve System?

Under the Federal Reserve System of 1913, each of the Federal Reserve's 12 regional reserve banks was owned by a member bank, which initially raised money to keep the bank alive. The number of shares they subscribe to is based on each member bank's percentage of capital and surplus.

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Related Questions

huan zhang bought a 10-year bond that pays 8.25 percent semiannually for $911.10. what is the yield to maturity on this bond? (round your percentage answer to two d.p.)

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Huan Zhang invested $911.10 on a 10-year bond with a semi-annual interest rate of 8.25 percent. This bond has a 9.66% yield until maturity.

What is annual interest rate?The percentage amount you typically see first when comparing financial products is the annual interest rate, also known as the standard annual interest rate or base rate. It's the base rate of interest you'll pay on a loan or earn on a savings account, excluding compounding and other costs. The annual interest generated by a payment due to investors or assessed to borrowers is referred to as the annual percentage rate (APR).The annual percentage rate, or APR, is a measure of the real cost of borrowing money over the course of a loan or the income generated by an investment.The amount charged over the principal amount by the lender is the rate of interest for business loans. These rates range from 11.25% to 33.75% annually.

Therefore, the correct option is b) 9.66%

The complete question is:

Huan Zhang bought a 10-year bond that pays 8.25 percent semiannually for $911.10. What is the yield to maturity on this bond? ( Round your percentage answer to two decimal places.)

a. 8.68%

b. 9.66%

c. 10.67%

d. 7.60%

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in her job interview, xiu asks about the company policy regarding smartphones. she is told that employees may choose from a limited list of approved devices but that she must pay for the device herself; however, the company will provide her with a monthly stipend. which type of enterprise deployment model does this company support?

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Xiu inquires about the company's smartphone policy during her employment interview. She is informed that although there is a small list of authorized devices, employees are required to purchase their own devices and will get a monthly stipend from the employer. The business provides the enterprise deployment model known as CYOD.

Employees who choose the CYOD model can select from a small number of authorized, corporate-liable devices that have the pre-configured protection and management that IT requires to safeguard company data. As part of a CYOD policy, a firm will provide a variety of pre-approved mobile devices, and workers can choose one of them.

Before the worker chooses one of these devices, they are normally set up with security procedures and business apps. Depending on the CYOD policy, the user may purchase the gadget and own it immediately, or the business may provide employees with a stipend to help with expenses while preserving ownership.

Since it still gives employees some latitude in choosing their devices, CYOD is sometimes viewed as a compromise between BYOD and other restrictions.

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direct foreign investment is perceived by foreign governments to: a. be a cause of national problems. b. be a remedy for national problems. c. either a or b is possible. d. have no impact on national problems.

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The correct option is C. Direct foreign investment is perceived by foreign governments to be either a or b as possible.

Business funding is spending by way of non-public corporations and nonprofits on physical capital—long-lasting property used to provide goods and services. The funding system outlines the steps in creating a portfolio and emphasizes the series of actions concerned from information to the investor. s threat choices to asset allocation and choice to overall performance evaluation.

Purchasing equipment, computer systems, software program, vehicles, or any belongings that increase your manufacturing and decrease your running expenses are examples of a right-away fairness investment. In a monetary outlook, an investment is the purchase of goods that are not fed these days but are used in the future to generate wealth. In finance, funding is a financial asset bought with the idea that the asset will offer income similarly or will later be sold at a better fee rate for a profit.

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A financial statement that reports assets, liabilities, and owner’s equity on a specific date is called: _______

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The term "balance sheet" refers to a financial statement that lists assets, liabilities, and owner's equity as of a certain date.

Why is money significant?

The majority of financial research focuses on issues relating to money. To everyone or any business, it is a crucial element. It is crucial to a business since all companies need to make money to survive. Because of this, it is thought of as a specialized business in need of trained personnel.

What is fundamental financial understanding?

This information aids in risk management and preserving the stability of the financial system. Accounts, mobile and internet banking, debit and credit cards, checks, PAN cards, ATM awareness, loans, investments, insurance, and taxes are covered in the financial fundamentals.

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which of the following factors is not expected to generally have a favorable impact on the firm's cost of capital according to the text? a. easy access to international capital markets. b. high degree of international diversification. c. high exposure to exchange rate fluctuations. d. all of the above

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According to the text, part of image to exchange rate swings is not anticipated to typically have a positive effect on the firm's capital cost.

What exactly is a market, then?

The entire number of buyers and sellers there in area or region under consideration is referred to as the market. The region might be the whole world, a nation, a state, or a city. The value, cost, and charge of traded goods depend on the market's supply and demand dynamics.

So what were the 4 different market types?

The four types of economic market structures are oligopoly, monopoly, perfect competition, and antitrust law. The followings explain why the categories are distinctive: In a situation of perfect and monopolistic competition, there are several producers.

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u.s. baby boomers are beginning to retire and withdraw their savings for retirement. what effect should we expect this to have on equilibrium price and quantity of financial assets?

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The withdrawal of savings from baby boomers will likely lead to a decrease in price of financial assets, as there will be less demand for them and at  the same time, the quantity of financial assets will likely decrease as well, since there will be fewer buyers in the market.

Define financial assets?Financial assets are economic resources that can be exchanged for cash. They include stocks, bonds, mutual funds, derivatives, real estate, and cash or cash equivalents. Financial assets are generally classified as either current or noncurrent, depending on their expected holding period. Current assets are considered to have a holding period of one year or less, and noncurrent assets have a holding period of more than one year. Financial assets are generally valued and traded based on their expected return and risk. Financial assets are an important part of creating a diversified portfolio, as they can provide investors with stable returns and growth potential over the long term. Additionally, financial assets can be used to hedge against market risk, as they may provide a stabilizing counterweight to more volatile investments.

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What revenue stream can run into the billions of dollars for some professional sports teams?

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Due to the high demand for sponsorships, sports and entertainment companies have unlimited control and can maximize the value of a sponsor by making repeated offers to increase the price.

What is sport? What purpose does it serve?Sports teach people the following things: Working as a team to accomplish a common goal while putting aside personal interests is known as teamwork. Leadership potential Orient several people with diverse backgrounds toward a common goal or objective. A strong leader encourages others to assume leadership positions.Due to the high demand for sponsorships, businesses in the sports and entertainment sectors have complete control and can increase the value of a sponsor by making repeated offers to increase the price.

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kunio puts $2,200.00 into savings bonds that pay a simple interest rate of 2.4%. how much money will the bonds be worth at the end of 4 years?

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The bond will reportedly be worth $2411.2 after 4 years, according to the question.

How do bonds work?

Governments and corporations issue bonds when they require to raise money. You are effectively borrowing the issuer money when you buy a bond. In return, they promise to pay periodic interest payments—typically twice a year—along the way as well as to reimburse you the full amount of the loan on the specified date.

Briefing-

Kunio puts $2200.00 into savings bonds means

P= 2200

pay a simple interest rate of 2.4% means

r= 2.4

t= 4

Formula for Simple interest =P*t*r/100

Simple interest (2200×2.4×4)/100

Simple interest= $211.2

So, A= P+ Simple interest

A= 2200+211.2= 2411.2

Hence bond will be worth $2411.2

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a portfolio has 45 percent of its funds invested in alpha stock and 55 percent invested in beta stock. alpha has a standard deviation of 6 percent. beta has a standard deviation of 12 percent. the securities have a coefficient of correlation of .62. what is the portfolio variance?

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The portfolio variance ensures that all components move in perfect harmony.

Portfolio: What is it?

Portfolio management is the process of choosing, prioritising, and managing an organization's programmes and projects in accordance with its strategic goals and ability to carry them out.

Let's imagine the manager needs to distribute Rs 1,000,000 across the investor's potential investment options. The portfolio manager will then present a portfolio that is built around it, taking into account both the investor's risk tolerance and the types of returns that were computed.

Strategies for managing a portfolio should constantly strike a balance between performance and risk. To learn more about the active, passive, discretionary, and non-discretionary approaches to managing your portfolio.

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the lowest level of diversification is the level. a. related constrained b. single-business c. dominant-business d. unrelated

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The Correct Option is D.

Unrelated is not the lowest level of diversification.

Diversification

This degree of diversification is seen in a business that focuses its operations primarily on one or a few key industries. If the company's revenue represents more than 95% of all sales, it is engaged in a single line of business.

The company's business is dominated if the generated revenue is between 70% and 95%. As a company with little diversity, 5M Security Services Limited primarily targets the "security guards' industry."

Given that breakfast cereals and "snack foods" account for the majority of Kellog's sales, the company is an example of a dominant commercial entity.However, businesses that only make money from one product cannot be considered diversified businesses in the real sense of the word.

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strategy is an integrated and coordinated set of commitments and actions to develop core competencies and gain a competitive advantage. b. core competencies are resources and capabilities that can be developed through r

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The goal of company strategy is to create core skills and acquire a competitive advantage. A coordinated and integrated set of promises and actions is a strategy. If a resource or skill is precious, uncommon, expensive to duplicate, and non-replaceable, it qualifies as a core competency.

What is strategy and example?

A company's strategy refers to its long-term goals as well as the strategy it has in place to reach those goals. In other terms, it serves as an example of the plan used to accomplish the stated objective. A tactic is a specific action that is carried out in order to achieve the goals set forth in the strategy. All common elements of strategy include establishing objectives and goals, selecting actions to achieve the goals, then allocating to carry out the tasks.

Why is strategy very important?

Our business's purpose is defined and given a set of values by our strategy. It facilitates our comprehension of what true success implies. It offers a route for our company, outlines our destination, and recommends helpful rest stops along the way. The secret to determining the most crucial components of a strategic plan is to select goals and objectives that maximize your potential while minimizing resource usage and risk.

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for years, some foreign firms hesitated to send women managers on foreign assignments to countries, such as , because the firms assumed the women would not be accepted in the culture that frowned on women working outside the home. a. canada b. england c. australia d. japan

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The correct answer is option D that is for years, some foreign firms hesitated to send women managers on foreign assignments to countries, such as, Japan.

This was because the firms assumed the women would not be accepted in the culture that frowned on women working outside the home.

A deeper failure to eradicate or even fight a discriminatory culture that makes it practically impossible for women to progress a profession while raising a family is concealed by Japan's narrowly construed success in integrating women into the workforce.

With a bipolarization of working hours among female employees, the gender difference in Japan's workplace is still clearly visible, casting a fresh shadow over the country's economy's faltering expansion. Women are increasingly making up the workforce in Japan as a whole.

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the manager discovers that the brown gravy tastes very sweet during the daily taste test and does not meet the restaurant's standard. upon investigation, it looks as if the staff accidentally used sugar instead of salt in the recipe. the gravy should be .

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During the daily taste test, the manager finds that the brown gravy tastes too sweet and does not adhere to the restaurant's standards. after research,

it looks as if the staff accidentally used sugar instead of salt in the recipe. the gravy should be discarded.

Business records can be used to determine and document historical expenditures. 33.3% is the industry average for food cost percentage. A gourmet-style restaurant's food cost % is often greater than a fast-food restaurant's food cost percentage.

The cost of products sold is multiplied by the income or sales from the final meal to arrive at the food cost percentage.

Cost control refers to the continual process of taking actions to lower corporate expenditures in an effort to boost profitability. Finding and lowering the costs of the food and drinks at your restaurant is the focus of food cost control particularly.

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Which of the following is not a non-tariff barrier?
a. voluntary export restraint
b. health and product standards
c. enviromental protection law
d. ad-valorem duties

Answers

The one that is not a non-tariff barrier is option D. ad-valorem duties

What is a tariff barriers?

Tariff barriers refers to a barrier to trade between particular countries or specific areas involving nations which occurs in the form of abnormally excessive taxes levied by a government on imports or occasionally exports for purposes of protection, support of the balance of payments, or the raising of revenue.

Tariff barriers is also considered to be several tariffs or duties imposed on foreign trade transactions to impose trade restrictions. From the available options, ad-valorem duty is tariff barrier, while the others are non-tariff barriers to trade.

Ad-valorem duty is imposed on import goods as percentage of the total value of goods imported.

Therefore, the correct answer is as given above

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given the same supply elasticity, the burden of a 10 percent tax on suppliers would be greatest on consumers within what price range?

Answers

The burden of a 10 percent tax on suppliers would be greatest on consumers within what price range of $2 and $4.

Elasticity rises as price rises along a straight-line demand curve. Thus, the lowest range is the most likely candidate.

Doing the calculations, we find that elasticity between $2 and $4 is [(26 - 22)/24]/[(4 - 2)/3] = (4/24)/(2/3) = (1/6)/(2/3) = 3/12 = .25 and is lower than in all the other ranges.

The Correct Option is a) i.e.,  $2 and $4

Each point on a demand curve that is straight will have a different elasticity. Any location along the demand curve may be used to determine the price elasticity of demand.

The midpoint of the demand curve has a unitary elasticity if the demand curve is linear (straight). At this moment, the overall income is at its highest. Elasticity is more than one at any position above the middle

(Ed > 1).

In this case, price decrease boosts overall income (expenditure). Elasticity falls below the middle to less than 1. (Ed < 1). Price reduction causes a decrease in the company's overall revenue. The reason why a straight line demand curve has different elasticity at each point is now under doubt. PED's worth decreases when prices falls.

The complete question is:

Given the same supply elasticity, the burden of a 10 percent tax on suppliers would be greatest on consumers within what price range?

A. $2 and $4

B. $4 and $6

C. $6 and $8

D. $8 and $10

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a car is purchased for . after each year, the resale value decreases by . what will the resale value be after years? use the calculator provided and round your answer to the nearest dollar.

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A car is purchased for . after each year, the resale value decreases by, 24,000 in lost value making the car's value zero .

If it lost 20% of its value in the first year, it would have lost 100% of its value by the fifth year, making it worthless.

In the first year, 20/100*24000 equals $4,800.

The value will be after the first year.

Consequently, the value will be in five years.

4800*5= $24,000 in lost value making the car's value zero .

In an effort to shop more responsibly and find a new home for the things in their closet that they no longer want, consumers are turning more and more to secondhand and antique clothing, which has led to a huge rise in the demand of resale in recent years.

Your minor purchases from resale shops, such as a pair of jeans or a formal dress, have a significant influence on the environment. Buying used clothing enables you to carry on the memories of the deceased through your choices.

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The correct question is :

A car is purchased for $24,000 . After each year, the resale value decreases by 20% . What will the resale value be after 5 years? Use the calculator provided and round your answer to the nearest dollar.

chris, a store manager for a sporting goods organization, is on the compensation committee. today, they are evaluating jobs. chris and kenny, one of the owners, are comparing jobs to each other, one at a time. by the end of the day, they will have compared all jobs to every other job and come up with an order. what method was used?

Answers

One of the proprietors, Kenny, and Chris are contrasting their respective occupations one by one. By the end of the day, they will have evaluated each task against each other and established order. The ordering strategy was applied.

Ordering procedures are a mechanical aspect of inventory control. These are the software applications that convert our projections, actual orders, safety stock, and order amounts into purchase orders or production orders.

Instead of using a third-party food delivery service, clients can make direct orders from restaurants using an online food ordering system or online ordering platform. Customers may utilize the online user interface to place online orders utilizing a mobile app in this web-based ordering system.

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which training is an effective method of training that can help employees learn by doing without the consequences of harming the relationships with real guest in real time?

Answers

Simulation is an effective training method that allows employees to earn money without jeopardizing their relationships with real guests in real time.

Is simulation a training method?

Simulation training is used as a tool to teach trainees the skills they need in the real world. It provides a realistic point-of-care learning experience and is widely used in aviation, military, medical and other fields.

Which training method is best?

Best Employee Training Methods and Techniques include: e-learning. hands-on training. Teacher-led learning. Role-playing game. coaching. mock training. cooperative training. video training.

Why is Simulation-based training important?

Simulation-based training is a highly effective way of teaching key skills to trainees in a cost-effective manner. Employers provide the best opportunity to assess how well trainees are practicing their skills and the decisions they are making in the face of simulated real-world situations.

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When choosing a marketing channel or intermediary. It is important to ask several key questions, including which of these?

a. Who is responsible for negotiating the channel or intermediary contracts?
b. How many of the firm's competitors will be using the same channel?
c. Which channel and intermediaries we best stay the grequirements of the target market?

Answers

When choosing a marketing channel or intermediary, many key questions should be asked, including "which channel and intermediaries will best meet the requirements of the target market?". The correct answer is C.

In selecting a marketing channel and intermediaries, marketing professionals take into account three considerations:

Which will effectively reach the target market?Which will fully satisfy the requirements or the purchasing needs of the target market?Which are going to be most profitable?

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automatic stabilizers lead to changes in taxation and government spending as economic output varies. how do automatic stabilizers impact tax revenue and government spending during a recession? tax revenue will decrease and government spending will go up. suppose that the government is required to balance the budget. which is an appropriate discretionary approach during a recession, and what effect would it have to the economy? cut taxes to encourage consumer spending, which would minimize the effects of the recession. invest in public infrastructure that promotes employment and stimulates the economy. cut government spending to equal tax revenue, possibly magnifying the effects of a recession. increase government spending to stimulate the economy, causing an increase in overall aggregate demand.

Answers

Automatic stabilizers are mechanisms in the economy that automatically adjust fiscal policy (taxation and government spending) in response to changes in economic output.

During a recession, when economic output decreases, automatic stabilizers lead to a decrease in tax revenue and an increase in government spending.

The first option you provided, "cut taxes to encourage consumer spending, which would minimize the effects of the recession," is an example of discretionary fiscal policy, which refers to conscious decisions made by the government to alter fiscal policy in order to influence economic activity.

The second option you provided, "invest in public infrastructure that promotes employment and stimulates the economy," is also an example of discretionary fiscal policy.

The third option you provided, "cut government spending to equal tax revenue, possibly magnifying the effects of a recession," is not an appropriate discretionary approach during a recession, as it could potentially magnify the negative effects of the recession by reducing overall aggregate demand.

The fourth option you provided, "increase government spending to stimulate the economy, causing an increase in overall aggregate demand," is an appropriate discretionary approach during a recession, as it can help to stimulate the economy by increasing overall aggregate demand and potentially offsetting the negative effects of the recession.

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a company buys electronic components, assembles them into pcs, and then ships them to customers. in this case the electronic components are for the company. a.inputs b.processes c.products d.outputs e.services

Answers

A business purchases electronic parts put them together into computers, and then sends them to clients. In this instance, the company's inputs are the electronic components.

What is the name of the electronic component?

Other names for the same item include an electronic device, a circuit element, or an electronic component. a fundamental component, often a single package with two or more leads or metal contacts, of an electronic circuit

what are the types of electronic components available?

Diodes, resistors, transistors, capacitors, inductors, and resistors are some of the components that make it up. The components are linked together using conductive wires or traces. A circuit, however, can only be said to be finished if it forms a loop and begins and ends at the same location.

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when analysts develop feasible projections of future events and how quickly they will occur based on observed changes and trends, they are engaged in:

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When analysts develop feasible projections of future events and how quickly they will occur based on observed changes and trends, they are engaged in forecasting.

Which section of an external study addresses population age and income issues?

The study of a population based on characteristics like age, race, and sex is known as demographic analysis. Socioeconomic information expressed statistically, such as employment, education, income, marriage rates, birth and death rates, and more, is referred to as demographic data.

What does management environmental analysis entail?

A strategic technique for identifying and evaluating the internal and external components of a corporate environment is an environmental analysis, often known as an environmental scan. It looks at organizational and sectoral elements that could either help or hurt the company.

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in the market for baseball bats the equilibrium price is $20 and at this price 125 bats are sold. if the price were $5 more then firms would want to sell 140 bats but customers would only want to buy 110 bats. if the government imposed a price ceiling of $25 for bats, how many bats would be sold?

Answers

If the price ceiling is $25, the number of bats that would be sold is 100 bats.

How many bats would be sold?

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Equilibrium is the point where the quantity demanded is equal to the quantity supplied. Above the equilibrium, there would be a surplus and a shortage when price is below the equilibrium.

When price is $25, the quantity demanded is 110 and the quantity supplied is 140.

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in 2007, about how many percent of people with private health insurance in the u.s. received it as an employer-provided benefit?

Answers

In 2007, the percentage of people with private health insurance in the Unite States, that received it as an employer-provided benefit is

88 percent

What is private health insurance?

As contrast to government-run insurance programs, private health insurance refers to health insurance policies promoted by the private health insurance business.

Approximately half of Americans currently have access to private health insurance. Employer-sponsored health insurance includes these plans.

Private health insurance is heavily regulated both at the state and federal levels even though it is not managed by the government. What healthcare services must be covered by group and individual health plans is frequently addressed by regulations and laws.

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if at the end of the first year the yield curve flattens out to 8%, what will the 1-year holding-period return on the coupon bond?

Answers

If at the end of the first year the yield curve flattens out to 8%, then 1-year holding-period return on the coupon bond will be 5.16%.

A coupon is the interest payment a bondholder receives from the bond's issuing date to its maturity date. Ordinarily, the "coupon rate," which is determined by summing the total annual coupon payments and dividing the result by the bond's face value, is used to characterise coupons.

The name "coupon" derives from the fact that previously, bonds were issued as bearer certificates. The certificate itself served as confirmation of ownership. A talon, which could be removed from the certificate and delivered in return for a block of additional coupons, was frequently also included.

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which is more harmful to the victim? group of answer choices both a and b are about equally harmful identity theft credit card number theft

Answers

The Correct option is A, Identity theft is more harmful to the victim.

Identity theft is a type of fraud that involves stealing an individual’s personal information like their name, address, Social Security number, credit card details, etc. for the purpose of stealing money or taking out loans in their name. It’s a form of financial crime that can have devastating consequences for the victim, from financial losses to ruined credit, and it can take a long time to recover from.

Identity theft takes place in a variety of ways, from dumpster diving to phishing emails, or even someone gaining physical access to an individual’s wallet or other personal information. In many cases, victims don’t even know they have been a victim of identity theft until it’s too late. It’s important to always be vigilant and protect your personal information to help minimize the risks of identity theft.

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Complete Question: -

Which is more harmful to the victim?

A) identity theft

B) credit card number theft

C) both A and B are equally harmful

a person is using the normal distribution to determine the safety stock for a product. what z value would be associated with a 90 percent service level?

Answers

If a person is using the normal distribution to determine the safety stock for a product, 1.28 is the  z value that  would be associated with a 90 percent service level

How to solve for the z value

A 90 percent service level would tell us that the order probability with this lead time is 90%

The give z value can be gotten from the probability normal distribution table

The value to the right of 90 percent is given as 1.2, while the value to the left of 8 percent is given as 0.08

1.20 + 0.08 = 1.28

= 1.28

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kate used a 30 off coupon to purchase a sweater the sweater then became 33.6$ how much was the actual price

Answers

kate used a 30 off coupon to purchase a sweater the sweater then became.Therefore, the original price of the sweater is $48.

What's the difference between a sweater and a sweatshirt?

A sweater is designed not to absorb sweat but to provide warmth while a sweatshirt is designed both to provide warmth and to absorb sweat. 2. A sweater is usually knitted or crocheted while a sweatshirt is not.

Briefing

The cost of sweater is $33.60

Let the original price of the sweater be x

Now, x-30% of x=33.60

⇒ x-30x/100 = 33.60

⇒ x -3x/10 =33.60

⇒ 7x/10 =33.60

⇒ 7x=336.0

⇒ x=48

Therefore, the original price of the sweater is $48.

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which company reported the largest percentage change in net operating cash flows between 2012 and 2021, and what was the percentage change for that company? d. which company reported the largest percentage change in net income between 2012 and 2021, and what was the percentage change for that company?

Answers

during 2012 and 2021, firm had the greatest percentage drop in net operational cash flows, with a drop of -31.

How do cash flows work?

The total sum if liquid assets coming into and going out of a business is referred to as cash flow. Money spent symbolizes outflows, whereas money received indicates inflows.

What conclusions can be drawn from cash flow statements?

The purpose of a cash flow statement is to provide a detailed account of what happened to something like a financial statement over a certain time period, commonly known as the accounting period. How successfully a corporation can operate both short- and long-term is determined by how much money is coming into and leaving the company.

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there is generally more profit in the sale of banquet meals served during a social function than in the sale of a la carte items sold to members in the dining room, off the menu. group of answer choices true false

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There is generally more profit in the sale of banquet meals served during a social function than in the sale of a la carte items sold to members in the dining room, off the menu.

The given statement is  true.

What do you mean by profit?

The cost of products sold is subtracted from revenue to calculate gross profit, also known as gross income. In general, fixed costs are not taken into account when calculating gross profit; only variable costs are. Gross profit measures how well a business uses its work force and resources to produce goods and services.Profit is the amount of money that is left over after all expenses, debts, and other costs have been taken into consideration. The amount of money a product makes less what it costs to create, market, and support it is what is referred to as product profitability. Profit is sometimes referred to in business as the bottom line.

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