In the absence of externalities, the "invisible hand" leads a market to maximize total benefit to society from that market.
come in both good and bad forms. They exist when the deeds of one person or thing have an impact on the life and welfare of another. Positive consumption, positive production, negative consumption, and negative production externalities are the four main categories of externalities in economics. Positive externalities typically have a positive impact, as suggested by their names, whilst negative ones typically have the opposite effect.
An externality is a cost or benefit to an unrelated third party that results from the production or use of a good or service.Market failure is the inefficient allocation of products and services in the market, whereas equilibrium is the optimum balance between buyers' benefits and producers' costs.Externalities create market failure because the pricing equilibrium of a good or service does not fairly reflect the full costs and advantages of that good or service.To learn more about Positive externalities please click on the given link: https://brainly.com/question/22932430
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The maximum quantity that an economy can produce, given its existing levels of labor, physical capital, technology, and institutions, is called:a.real GDPb.potential GDPc.aggregate supplyd.aggregate demand
The maximum quantity that an economy can produce, given its existing levels of labour, physical capital, technology, and institutions, is called potential GDP.
What is Potential GDP?
Potential GDP is an estimation of the value of the production that the economy would have created if labour and capital had been engaged at their maximum sustainable rates—that is, rates consistent with stable growth and inflation. Potential GDP is a theoretical construct.
Can GDP potential decline?
The maximum number of products and services that an economy can produce at its peak efficiency, or when it is operating at capacity, is known as potential output. Potential output is frequently referred to as the economy's production capacity. The production gap can move in either a positive or negative direction, similar to how GDP can increase or decrease.
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when determining costs of jobs, how does a company account for indirect materials? group of answer choices it is added to work in process as used. it remains part of raw materials inventory. it is transferred out of raw materials into manufacturing overhead when used. it is transferred out of raw materials into work in process as used.
When determining costs of jobs, how does a company account for indirect materials added to work in process as used.
A activity cost sheet is a record detailing all the charges incurred for the crowning glory of a task. these charges may be documented during the task or after the activity is complete. commonly, the inventory department compiles this record to: verify that costs fell inside the allotted price range. fee estimate for destiny jobs.
Job costing presents the bottom for figuring out the price of similar jobs to be undertaken in future as a part of destiny making plans. helps in coping with and controlling costs, by using evaluating the real fees with the predicted value. In short, the calculation of variances.
Fixed prices tend to be costs which are primarily based on time in place of the amount produced or sold by way of your business. Examples of raw materials fees are rent and rent prices, salaries, software payments, coverage, and mortgage payments. a few styles of taxes, like business licenses, are also constant expenses.
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patrick borrows $1400 from a bank with 10% simple interest each year. how much will patrick need to pay back in total in 2 years?
Patrick borrows $1400 from a bank with 10% simple interest each year. $ 1680 will Patrick need to pay back in total in 2 years.
Simple Interest = (Principal Amount x Rate x Time Period) 100
Simple Interest = (1400 x 10 x 2) / 100
Simple Interest = 14 x 20 = $ 280
Therefore, the simple interest in 2 years is $ 280
Amount in 2 years = Principal + Interest = 1400 + 280
Therefore, the amount in 2 years is $ 1680
What is simple interest?
The daily interest rate, the principle, and the number of days between payments are multiplied to determine simple interest. Consumers who pay their loans off on time or ahead of schedule each month benefit from simple interest. Simple interest loans are frequently used for auto loans and short-term personal loans.
What is the formula for simple interest?
Simple interest is calculated by multiplying the principal by the time, interest rate, and time period. "Simple Interest = Principal x Interest Rate x Time" is the written formula.
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Complete the sentence. Depository institutions provide fourbenefits, which are ______.
A. creating liquidity, lowering the cost of borrowing, paying interest on investment funds, and introducing new technology into banking
B. pooling risk, keeping inflation low and steady, lowering the cost of borrowing, and lowering the cost of monitoring borrowers
C. minimizing interest rates on purchases of large ticketitems, centralizing all household monetary needs in one location, introducing new technology into banking, and paying interest on investment funds
D. creating liquidity, lowering the cost of borrowing, lowering the cost of monitoring borrowers, and pooling risk
The correct answer is D. creating liquidity, lowering the cost of borrowing, lowering the cost of monitoring borrowers, and pooling risk.
They offer liquidity, safekeeping services, a check and electronic funds transfer payment system, pool the savings of numerous depositors and lend the money to individuals and businesses, and invest in assets. In the United States, there are three main categories of depository institutions. These include credit unions, commercial banks, and thrifts (which also include savings and loan organizations and savings banks). Organizations, banks, or other institutions that keep securities and support the trading of securities may act as depositories. They give safety and liquidity, invest in assets, lend to others with the money deposited, and provide a means for transferring cash.
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a business would most likely write a request for proposal to a. advertise openings for two sales positions. b. attract new clients. c. renovate offices. d. interview job candidates.
The request for proposal by the business will most likely be written to c. renovate offices.
The development of a call for bids is the most frequent result of office renovation (RFP). An RFP outlines the services, equipment, or problem-solving requirements of a business or group while also inviting competitive bids. A call for proposals is a document that requests business bids from potential suppliers.
This request is typically made through a bid process by a business or organization looking to buy a valuable asset, service, or item. Almost all public organizations and a sizable number of private businesses use RFPs in the procurement process. Who develops an RFP varies from company to company. Some businesses have an RFP manager whose job it is to manage the entire RFP process. There are executives in many companies.
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which social media zone primarily assists in the online buying and selling of products and services?
Social commerce is the social media zone primarily assists in the online buying and selling of products and services.
A subset of electronic commerce called social commerce uses online and social media to enable social interaction, user contributions, and online purchasing and selling of goods and services.
Selling your goods using your social media platforms is known as social commerce. You may do this by using websites and apps, each of which offers a distinctive set of tools for displaying your products to potential buyers while they browse social media.
Estimated global social commerce sales for 2022 are $992 billion. Online data provided by Statista indicates that it is anticipated that global sales made through social media platforms would total $992 billion by the year 2022.
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under the single audit act, the auditor must apply procedures to test for compliance and test the effectiveness of controls for:
Under the single audit act, the auditor must apply procedures to test for compliance and test the effectiveness of controls for: Major Programs Non-Major Programs.
What is auditor ?An auditor refer to an individual hired by a company to conduct an audit of its financial statements. To practice as a certified public accountant, one must be licensed by the Auditing and Auditing Regulatory Authority or obtain specific qualifications. The role of the auditor or investigator is to provide a professional and independent opinion on these financial statements. An audit or audit of the association's financial statements can ensure greater accountability to members and ensure that all funds received by the organization are properly accounted for. Audits are mainly of her three types: External Audits, Internal Audits, and Internal Revenue Service (IRS) Audits. External audits are typically conducted by a Certified Public Accountant (CPA) firm and produce an audit report included in the audit report.To learn more about auditor from the given link :
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which of the following is not an option for selling a business? question 5 options: a) taxable sale of company stock b) tax-free sale of company stock c) taxable sale of company assets d) tax-free sale of company assets e) none of the above
The selling of a business is the tax-free sale of company stock. So, the tax-free sale of company stock is not an option. Thus, option (b) is correct.
What is business?The term “business” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts.
A person is the selling to the business is the tax-free sale of company stock are not that the possible. The stock on the tax are the rate of the interset to the add-on the cost.
Therefore, option (b) is correct.
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sage company is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $17.00 per unit. the unit cost for the business to make the part is $20.00, including fixed costs, and $12.00, not including fixed costs. if 30,314 units of the part are normally purchased during the year but could be manufactured using unused capacity, the amount of differential cost increase or decrease from making the part rather than purchasing it would be a
The amount of differential cost increase or decrease from making the part rather than purchasing it would be a $151,570.
Differential cost = (Current purchasing price - Manufacturing cost excluding fixed cost) x 33,000
=> ($17 - $12) x 30,314 = $151,570
Since the company is presently paying $17 in keeping with unit, price saved per unit while synthetic inside the agency can be the distinction between modern price and production cost with out constant fee. The fee such as fixed cost might not be considered to calculate the financial savings due to the fact the enterprise's unused capacity can be utilized that may not growth constant value. hence the differential value could be as beneath:
Differential price is the difference between the price of opportunity choices, or of a alternate in output degrees. The idea is used while there are more than one possible options to pursue, and a preference ought to be made to pick out one option and drop the others
Calculating differential price can assist a commercial enterprise decide between capability solutions or devise a possible opportunity to the problem in question. regularly, loss, sales and profit are elements that could affect the selection.
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an increase in the money supply would cause select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a bond prices to rise, interest rates to fall, and an increase the quantity demanded for money. b bond prices to fall, interest rate to fall, and an increase in the demand for money. c bond prices to fall, interest rates to fall, and an increase the quantity demanded of money. d bond prices to rise, interest rates to fall and an increase in the demand for money.
Option b. bond prices to fall, the interest rate to fall, and an increase in the demand for money.
Inflation sucks, however, there is one upside its nevertheless a super time to buy a government-sponsored I bond. collection I savings bonds are conservative, safe investments that upward push and fall with inflation, and they are incomes some distance more than the high-quality excessive-yield financial savings account or certificate of deposit.
The importance of the 10-12 months Treasury bond yield is going beyond simply expertise the go back on funding for safety. the 10-yr is used as a proxy for plenty of different vital monetary topics, which include loan fees. This bond additionally tends to signal investor self-assurance.
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according to the greenspan doctrine, under what conditions might a central bank respond to a perceived stock market bubble?
The Greenspan doctrine states that as market prices rise, the central bank should raise interest rates rather than making price adjustments to preserve economic stability and restrain future price increases.
In general, Greenspan would advise against taking direct action to address the stock market bubble because it may be difficult to recognize a bubble (at least by consensus) and policy may result in more harm than necessary. Raising interest rates would be considered wise in order to preserve low, stable inflation and minimize near-term production changes as a result of the rising wealth, but, insofar as the stock market bubble increased wealth, consumption, and investment. In other words, according to the Greenspan Doctrine, policies should be pursued as usual in order to maintain price stability and stability in real economic activity.
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a potential investor in cristian's company wants to know how much money was paid in dividends in the last reporting period. what type of financial statement should he look at?
The finance statement should he look at Statements of changes in equity
What is equity?Equity is the amount invested or owned by the owner of the company. In a company's balance sheet, the difference between liabilities and assets shows how much equity the company has. Stock prices or values determined by valuation professionals or investors are used to determine stock value.In finance, equity is ownership of assets that may be associated with liabilities or other liabilities. Equity is determined for accounting purposes by subtracting liabilities from the value of assets. Equity measures the amount that would be returned to shareholders if the company liquidated its assets and paid its liabilities. Examples of assets are accounts receivable, cash, real estate, and patents, and liabilities include liabilities to other institutions or individuals.To learn more about equity from the given link :
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the majority of financing for most companies comes from which of the following sources?
The correct response is D. Creditors and owners. Banks dominate all other forms of funding as the main source of money for startup businesses. Debt from banks accounts for about 40% of a new company's first launch capital.
Owning stock in a corporation entitles a shareholder to "equity," or a portion of the ownership of the business itself. Simply said, a creditor is someone or something that a company owes money to (e.g., private lender, supplier, manufacturer). The bank has a creditor relationship with the business owner as a result of the bank's unpaid loan to the owner. In general, a creditor is a supplier, or a person, organization, or other entity that does business by selling goods or services. This implies that because businesses sell goods or services, all retailers are creditors.
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Frederick Taylor believed that written rules and standard operating procedures
a. standardized and simplified jobs, making them more efficient.
b. stifled esprit de corps.
c. made workers like their jobs less.limited initiative and should be avoided.
d. spelled out the division of labor and increased effectiveness.
The best choice is A. According to Frederick Taylor, the standardization and simplification of tasks brought about by written regulations and operating guidelines led to increased productivity.
What specialized Frederick Taylor in?Robert Winslow The practice of scientific management, often known as "Taylorism," is credited to Taylor as its founder. Taylor thought it was the business and duty of large manufacturing managers to choose the best method for a worker to complete a task or to provide the requisite equipment and training.
What is the theory of Frederick Taylor?Taylor championed the idea idea "a fair day's compensation for a decent day's work" because he thought that the all workers were driven by financial gain. In other words, a worker didn't need to be compensated as much as someone who was very productive if he didn't accomplish enough during the course of a day.
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weekly demand for a particular item averages 30 units, with a standard deviation of 4. this item is managed with a fixed-order-interval model. the order interval is three weeks, and this item has a certain lead time of one week. the desired service level is 97.5 percent. assume that it is now time to place another order, and there are 43 units on hand. how many units should be ordered? multiple choice 93 136 46 120 84
93 units should be ordered.(OPTION A). With the option to combine all orders coming from the same supplier on the same date, you have genuine order scheduling capability for particular items using the fixed interval model.
As a result, there will be fewer general orders to make and better structured procurement and the goods-in operations. The different goods may reach reorder points at various times in a fixed interval model system, resulting in the numerous orders at random intervals. A fixed-period approach, on the other hand, could guarantee that inventory levels are verified consistently for all items, say once every two weeks.
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Which of the following is NOT a contingency factor in the job characteristics model? desire for personal growth skills context satisfactions knowledge autonomy
The answer is Autonomy. Autonomy is not a contingency factor in the job characteristics model.
Contingency factors refer to the degree to which a person wants personal and psychological development. Job design works when employees are motivated; to be so, they must have three attributes: (1) necessary knowledge and skill, (2) desire for personal growth, and (3) context satisfactions, or the right physical working conditions, pay, and supervision.
An overall contingency factor is an arrangement that the expense assessor makes to cover unforeseeable costs the venture might cause. These costs might result from flighty weather patterns, vulnerabilities inside the venture or deficient plan plans. The sum dispensed for every contingency factor commonly relies upon how much detail in the undertaking's plan, as well as its degree of vulnerability.
To compute the contingency factors that should be remembered for a quote, the assessor ordinarily counsels a table given by the Department of Energy that sorts out possibilities in light of the kind of gauge the organization needs. For each sort of gauge, the table proposes a level of the task's costs that the assessor ought to incorporate as a contingency factor. On the off chance that the assessor doesn't follow the reaches recorded in the table, he should furnish the organization with a composed clarification of his choice.
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supply chain coordination improves if all stages of the chain take actions that are aligned and together increase total supply chain surplus
Supply chain coordination improves if measures are taken at every level of the chain that are coordinated and together increase total supply chain surplus. An uncoordinated supply chain results in activities that frequently reduce the earnings of the entire chain as each stage strives to optimize its own profits.
How is supply chain excess determined? What is it?The value that the organization's supply chain function adds through supply chain surplus. The formula used to calculate it is as follows: Supply chain surplus is calculated as revenue from customers minus the total cost of producing and delivering the good or service.
What does "supply chain" mean?A supply chain is a network between a business and its suppliers for the purpose of producing and distributing a particular product. It depicts the processes necessary to provide a good or service to the client.
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consider two firms who choose what quantity to produce. they can produce either 0, 8 or 16 units of a good, and face a cost of c(q)=10q market demand follows p(q)=100-3q in the nash equilibrium of this game, how much does each firm produce? suggestion: calculate the profits they obtain for each of the 9 combinations (or just 6, and take advantage of the symmetry of the problem), write down the game in its normal form (payoff matrix), and then use the underlining method to match best responses.
The firm should set marginal revenue equal to marginal cost.
The position of corporations in an economic system. companies appoint different factors of production This consists of employing employees to provide goods and offerings with the aid of using labor firms to pay wages developing a flow of profits to households, which in the end may be spent by using families on goods produced by different corporations.
A firm combines its factors of manufacturing with the intention to produce items or output the entire amount of output the company produces, the company's overall product, relies upon the portions of things that the firm purchases or employs.
Given the fact that this company is running in a competitive marketplace, the marketplace rate it faces is the same as marginal sales.
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What is an anti-pattern regarding an attribute of Agile architecture?
Used together, emergent design and intentionality continuously build and extend the architectural runway
Focuses on systems and applications used directly by the end users
Architects realize business objectives by translating strategy from strategic themes into solutions
To support continuous deployment, Agile architecture decouples deployment from release
Antipatterns are frequent responses to frequent issues where the response is ineffectual and may have unintended effects.
It is a popular technique that at first glance seems like a good solution, but ultimately has negative effects that outweigh any positive ones.
Another well-known, repeatable, and successful solution exists.
The idea of design patterns, which denote common efficient solutions to frequent issues, served as the inspiration for antipatterns.
Initially used in the context of software development, antipatterns have now been applied to other areas of software engineering, businesses, and project management.
Coaches and consultants frequently use antipatterns to highlight undesirable behaviour in the teams they work with and to recommend more effective patterns.
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As sports audiences transitioned from the old to new forms of communication, they became:
a. more willing to stay home and watch the game on television than attend a game in person
b. more fragmented and specialized
c. more male-oriented, especially in terms of advertising
d. more attached to traditional outlets such as newspaper and television
The correct response is A. more fragmented and specialized. The most common definition of fragmentation is the act of breaking or being separated into parts.
Fragmentation in urban sociology refers to a society's lack of or underdeveloped links with the grouping of some of its members. These ties could be based on shared interests, income level, occupation, nationality, race, or culture. The narcissist looks to be broken or discontinuous to those around them. Dissociative identity disorder has been related to pathological narcissism (formerly the Multiple Personality Disorder). The narcissist must have at least two selves by definition. He has a very simple and disorganized demeanour. Fragmentation is the breakdown of an organism into several pieces. Each piece grows into a unique person who is a replica of the original creature. Fragmentation is exhibited by annelid worms, sea stars, fungi, and plants.
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which of the following statements is false? multiple choice the determination that an individual is a qualifying child of the taxpayer has the potential to impact the availability of certain credits for the taxpayer. a qualifying child must be the natural child, the adopted child, or the stepchild of the taxpayer. a qualifying relative may include an unrelated individual who is a member of the taxpayer's household for the year. there is no limit on the amount of gross income that a qualifying child may earn in a year.
A qualifying infant need to be the herbal infant, the followed infant, or the stepchild of the taxpayer.False.
The required details about taxpayer is mentioned is mentioned below.
A taxpayer is someone or corporation issue to pay a tax. Modern taxpayers can also additionally have an identity wide variety, a reference wide variety issued via way of means of a central authority to residents or firms. The term "taxpayer" commonly characterizes person who will pay taxes. A taxpayer can also additionally be an man or woman or enterprise entity this is obligated to pay taxes to a federal, state, or neighborhood government. Taxes from each people and organizations are a number one supply of sales for governments.Taxpayers are on the whole categorised into sorts that are people and corporations: Individuals – These taxpayers are folks that are prone to pay tax for his or her income. Corporations – These taxpayers are prone to pay tax at the earnings earned for the duration of the preceding 12 months from their enterprise activities.
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what is your company's strategy for exercising social responsibility and being a good corporate citizen? would your company pursue a corporate social responsibility strategy if there was no payoff in the form of a higher image rating? why or why not?
CSR strategy is the comprehensive plan companies and funders use to design, execute, and analyze their corporate social responsibility initiatives. It includes specific focus areas, program design, promotion and communication approaches, and evaluation procedures.
Good corporate citizen:Being a good corporate citizen involves upholding high moral and ethical standards in all of your dealings with clients, shareholders, and staff. That entails always taking into account the environmental impact of business operations and carefully balancing the requirements of shareholders with those of the community.
Why Is CSR Important:Several fields have seen an impact from the CSR movement. As an illustration, numerous businesses have implemented strategies to increase the environmental sustainability of their operations, such as adding renewable energy sources or buying carbon offsets. As part of controlling supply chains, initiatives have been made to end the use of unethical labor practices like child labor and slavery.
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True or False: Developers do not meet with stakeholders; only the Product Owner meets withstakeholders.
The statement that Developers do not meet with stakeholders; only the Product Owner meets withstakeholders is false.
Do developers and stakeholders interact?The Stakeholders can provide direct input on the work that has been accomplished as well as help define the work that the Developers are required to do. Stakeholders are accessible to Scrum Masters, who can support them by making obstacles obvious and assisting them in maximizing the benefits of Scrum.
According to the definition of a stakeholder of a corporation found in a 1963 internal Stanford Research Institute paper, a stakeholder is a member of "groups without whose support the organization would cease to exist". R. Edward Freeman later developed and promoted the theory in the 1980s.
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is the price, in dollars per unit, that consumers are willing to pay for units of an item, and is the price, in dollars per unit, that producers are willing to accept for units. and . (a) find the market equilibrium point .
(a) market equilibrium point: equation= D(x) = S(x)
= e-x+7.5=ex-8.8
-x+7.5 = x-8.5
2x = 16
x = 8
so, the point of equilibrium is x = 8.
What does "market equilibrium" mean?
MARKETS: When quantities demanded and supplied are equal in price, equilibrium is reached. The combined price and quantity at which the supply and demand curves cross can be used to graphically portray a market in equilibrium.
Consider a scenario in which manufacturers of squirrel repellent are prepared to sell 500 500 500 units of the product for $5 per can. This market would be in equilibrium at the price of $5$5dollar sign, 5 and at the quantity of 500500500 cans if buyers are prepared to purchase 500500500 units of squirrel repellent at that price.
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the complete question is:
"D(x) is the price in dollars per unit, that consumers are willing to pay for x units of an item and S(x) is the price in dollars per unit that producers are willing to accept for x units.
D(x)=e−x+7.5,S(x)=ex−8.5
a) Find the equilibrium point
b) Find the consumer surplus at the equilibrium point
c) Find the producer surplus at the equilibrium point"
a company's stock price dropped when it announced that its revenue had decreased because of the quality issues of its products. this is an example of ________.
This company's stock price is an example of unsystematic risk.
What is unsystematic risk?Every type of investment carries the danger of unsystematic risk, which is company- or industry-specific. Other names for it include "Specific Risk" and "Diversifiable Risk." These are current dangers, but they are unplanned and can happen at any time, creating significant disruption. For instance, if employees in the aviation sector go on an extended strike, this will put the industry's stock shares at danger and cause stock values to plummet. The risk associated with a particular security or a portfolio of securities is often referred to as diversifiable risk or non-systematic risk. These diversified portfolios are built by investors to distribute risks across multiple asset types.
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bolton industries has provided the following information: operating expenses were $690,000; income from operations was $830,000; net sales were $2,200,000; interest expense was $142,000; loss from sale of investments was $174,000; income tax expense was $116,000. what was bolton's gross profit?
The gross profit of Bolton Industries will be $ 85000 for the given relevant data.
What is gross profit?financial health by calculating the amount remaining from product sales after deducting cost of goods sold (COGS). Gross profit margin, sometimes referred to as gross profit margin, is often expressed as a percentage of sales.Gross profit margin is an analytical measure expressed as a company's net sales minus cost of goods sold (COGS).Gross profit margin is often expressed as the ratio of gross profit to net sales.Gross profit margin indicates the amount of profit before deducting selling, general and administrative expenses, which is the company's net profit margin.when net sales is subtracted from cogs it is gross profit.learn more about gross profit
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goods and services that are exclusive and can be exhausted, and are provided by both the private sector and government, are called
Goods and services that are exclusive and can be exhausted, and are provided by both the private sector and government, are called Social goods.
Along the spectrum from private to public, economists generally distinguish between three categories of goods. Individuals and families buy and use strictly private items. Another way to describe a private good is to argue that my usage (or, in economistic parlance, consumption) excludes your capacity to consume the same item. The easiest example to understand is food. One person consumes food. For their own consumption and that of their friends, a family may buy food.
Through food banks, people can share food with friends or families in need, but each serving of food can only be consumed by one person at a time. Private products are bought and consumed, therefore the market for them is well-represented by standard supply and demand research.
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What are two advantages of the Procurement Integrated Enterprise Environment?
improves data quality
reduces DoD operating costs
Reduces instances of purchase card fraud
Ensures invoices are submitted on time
A procurement-integrated business system has two advantages: better data quality and access, and lower operational expenses for the DoD. The right response, in this case, is A or B.
The e-Business Suite's Procurement Integrated Enterprise Environment is a safe Web-based platform for electronic invoicing, receipt, and acceptance. The DoD and federal agencies' one-stop shop for procurement capabilities is called the Procurement Integrated Enterprise Environment (PIEE).
The advantages of a procurement-integrated enterprise environment include unified receipt, acceptance, and invoicing; item-level acceptance; support for property accountability through data collection on delivered items and their availability to other systems; and processing support through mobile applications.
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The entry to record reimbursement of the petty cash fund for postage expense should include Multiple Choice A debit to Petty Cash A debit to Postage Expense A debit to Cash A debit to Supplies A debit to Cash Short and Over
Since the expense was paid for by the petty cash fund, the appropriate answer is to deduct Postage Expense.
What is petty cash fund?The basic goal of a petty cash fund is to provide company units with adequate cash to cover minor expenses. The idea is to make it simpler for staff members and guests to obtain reimbursed for modest costs like office supplies, taxi rides, postage, and other items that frequently don't cost more than $25.00. The Petty Cash Policy is described in detail.
Local units should employ the PCard in place of petty cash whenever practicable.
Petty cash custodians are responsible for safeguarding petty cash funds and keeping thorough records and receipts that serve as proof of each transaction.
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suppose that investment banking becomes a very fashionable career path for university graduates to follow, and more graduates try to get a job in this field. what is likely to happen to wages?
If investment banking becomes a very fashionable career path for university graduates to follow, and more graduates try to get a job in this field, the wages will decrease as supply increases.
Why Are Investment Banks Important?
Investment banks offer support in significant and intricate financial transactions. If indeed the client of the investment banker is thinking about an acquisition, merger, or sale, they might offer guidance on the value of a company and the best way to structure a deal.
Investment banking refers to particular business operations of a monetary services company or corporate division that involve advisory-based btransactions on behalf of private individuals, public companies, and public authorities.
Therefore, wages will decrease as supply increases if investment banking becomes a career path for numerous graduates.
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