Based on the selling price of the car and the cost to work on it, Savion should sell the car now for $3,800.
Why should Savion sell the car?The profit if he works on the car is:
= Selling price - Addtional work cost
= 5,800 - 2,400
= $3,400
The profit from selling the car is $3,800 which is more than the profit if additional work is done of $3,400.
The $4,000 is irrelevant as it is a sunk cost.
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Assume that the number of sellers and market increase, what will happen to the supply curve for the product, and what will happen to the price and quantity in the market?
A shift in the number of vendors in a market affects the quantity offered at each price and, consequently, the supply. The supply curve moves to the right as the number of suppliers of an item or service rises.
What is supply curve?Supply curve is the correlation between the goods and services supplied in a particular quantity for a period of the time. Maximum the quantity supplied is in the horizontal axis and the price is on the vertical axis.
Thus, A shift in the number of vendors in a market affects the quantity
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what is the role of profit in a business ?
Answer:
Profit plays a huge role in business. business is run to gain profit .the main purpose of the business is to make profit if there is no profit in any business then it can no longer be run as it won't be possible to meet up the demands without profits.
Answer:
Profit equals a company's revenues minus expenses. Earning a profit is important to a business because profitability impacts whether a company can secure financing from a bank, attract investors to fund its operations and grow its business. Companies cannot remain in business without turning a profit.
Seeing the effect of each financial transaction or event on your current situation is the purpose of:
Seeing the effect of each financial transaction or event on your current situation is the purpose of: balancing your books.
What is a financial transaction?This has to do with all forms of exchange that occurs between a person that is selling a good and another person that is buying.
Such transactions are usually written in the accounting book which is balanced.
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The relationship between the number of years for the mortgage / home loan and the monthly payment amount.
Answer:
If A = { a , c , e } , B = { b , c , d ) and C = { a , c , d , f ) , find n ( A n B n C)
Bonds are securities that can be readily bought and sold. A bond issue consists of a number of bonds, usually in denominations of ______ or _____ and is sold to many different lenders.
A bond issue consists of a number of bonds, usually in denominations of $1000 or $5000 and is sold to many different lenders.
What is a bond?It should be noted that bonds are securities that can be readily bought and sold.
In this case, a bond issue consists of a number of bonds, usually in denominations of $1000 or $5000 and is sold to many different lenders.
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which of the following statements are true (picture attached)
If the cardholder makes the payment of $523.20 on time, which is by the due date, she will not have to pay any interest to the credit card company.
What is a due date?Due date is the date on which the payment or a receipt becomes due to be paid as per the agreements made by both the parties to a transaction.
In case of a credit card, no interest is charged on the limit used, if the repayment is done on or before the due date of repayment of such limit by the cardholder.
Hence, option D holds true regarding the due date.
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What are the 5 Economic resources categories?
Answer:
land, labor, capital, information, risk exposure and business reputation, Money and gas
The five economic resources categories are land, labor, capital, information, technology.
Economics is the study of how to use resources to produce products and services as effectively and efficiently as possible in order to meet consumers' needs and desires. In agriculture, the producer of goods or services could be an agribusiness firm producing a food product to meet consumer desires, or an agricultural producer growing a crop to satisfy the needs of a food processor. A business requires resources to produce a product (a good or service), such as labour (i.e., workers), land (e.g., a building), equipment, cash (capital), and other resources.
To summarize: in order to run a business, the manager requires resources, as well as one of the manager's responsibilities is to decide what assets to use and how to use them.
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After World War II, the United States set out to infuse the ideal of capitalism throughout as much of the world as possible. As a result, most of the noncommunist economies in the world Multiple Choice failed. stagnated. quickly matched the U.S. economy. faced high inflation rates. grew significantly.
Most of the non-communist economies in the world grew significantly as a result of the U.S. infusion of ideal of capitalism.
What is the ideal of capitalism?The ideal involves the spread of free market practices that allows citizen to determine the demand and supply in market with little or no government intervention.
Hence, the non-communist economies in the world grew significantly as a result of the U.S. infusion of ideal of capitalism.
Therefore, the Option D is correct.
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The new classical model implies that substitution of debt for tax financing a. leaves wealth, and therefore aggregate demand, unchanged because the debt will require higher future tax rates. b. increases aggregate demand and exerts an expansionary effect on real output. c. reduces savings because it increases both the current and future tax liability of households. d. is highly effective against inflation.
The new classical model implies that substitution of debt for tax financing a. leaves wealth, and therefore aggregate demand, unchanged because the debt will require higher future tax rates.
What is the substitution of debt for tax financing?The substitution of debt for tax financing is the use of deferred taxes in the form of debt.
Debt financing creates a financial arrangement whereby an entity takes up a secured or unsecured loan to finance a project.
Thus, the new classical model implies that substitution of debt for tax financing a. leaves wealth, and therefore aggregate demand, unchanged because the debt will require higher future tax rates.
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You market many different types of insurance and ordinarily you spend time each evening calling potential clients. To comply with requirements for marketing medicare advantage and part d plans, what must you do about contacting potential clients to market those plans?.
Avoid calling any potential client, unless they contact you first and specifically ask to be contacted.
What is Marketing Medicare Advantage and Part D Plans?Medicare Advantage is the one, which replaces Original Medicare and becomes your hospital and medical insurance plan.
Medicare Part D Plans is a supplement to the Original Medicare, which covers prescription drugs only.
Seniors are mostly opt for Medicare Advantage because it provides better benefits at lower cost.
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A person drops off a prescription for a beneficiary who is a regular customer. The prescription is for a controlled substance with a quantity of 160. This beneficiary normally receives a quantity of 60, not 160. You review the prescription and have concerns about possible forgery. What is your next step?.
When someone reviews the regular dosage is a quantity of 60, but the prescription is of 160 quantity, it must be confirmed from the prescriber regarding the actual required dosage to detect forgery.
What is forgery?In a condition where an individual tries to copy or imitate a document, or any work of art representing it to others as an original piece, then such a condition leads to forgery.
There are chances that the prescription of the regular customer has been imitated by forgery, and so the quantity of the dosage is not normal as usual.
Hence, the significance of forgery is aforementioned.
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Natural gas Group of answer choices used in automobiles produces more pollutants than gasoline. when burned in automobiles, produces only water and no carbon dioxide or other pollutants. reserves in the United States may last many decades, even with increased demand. consumption in the United States is declining as available resources decline.
The true statement about Natural gas is that the reserves in the United States may last many decades.
What is a Natural gas?This refers to an energy source from fossil that is formed deep beneath the earth's surface.
Today, the U.S. produces almost all of the natural gas that it uses.
Therefore, the Option D is correct.
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Once the project schedule and project budget are approved they become the _____ Group of answer choices project plan derivative plan schedule plan baseline plan actual plan
Once the project schedule and project budget are approved they become the baseline plan. This is further explained below.
What is the baseline plan?Generally, Project management baselines are the established points from which further planning is done.
In conclusion, As soon as the project timeline and budget are greenlit, they constitute the foundation of the project.
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Nelson is motivated by a strong need for recognition and is continually seeking credit for his contributions to the organization. According to maslow, nelson is motivated by which category of needs?
The Self-Esteem category of need is the need that motivates Nelson as he is continually seeking credit for his contributions to the organization
What is the Self-Esteem category?According to the Maslow hierarchy, this category of needs is one that involve building of high confidence in one's own worth and abilities.
Hence, the Self-Esteem category of need is the need that motivates Nelson as he is continually seeking credit for his contributions to the organization.
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A marketing manager must decide on the size of the survey sample to be used in order to estimate the proportion of customers who are aware of her brand. She wishes to estimate this proportion to within 10 percentage points with 88% confidence. If the manager guesses that the proportion of aware customers is roughly 30%, what is the size of the sample that must be used
The size of the sample that must be used is 264. The correct sample size is 264. Read below about how to arrive at the sample size.
What is the sample size that must be used?p′ = x / n where x represents the number of successes and n represents the sample size. The variable p′ is the sample proportion and serves as the point estimate for the true population proportion.
Then, it follows that,
p= 30/10 x 88 = 264
Therefore, the correct answer is 264.
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marshall corporation had $220,000 in invested assets, sales of:
The rate of return on investment for Marshall is 30%.
Using this formula
Rate of return=Income form operation/Assets invested ×100
Let plug in the formula
Rate of return=$66,000/$220,000×100
Rate of return=30%
Therefore the rate of return on investment for Marshall is 30%.
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Which group of people ultimately determines the products that a command economy produces?.
The authorities make a decision on what items and offerings could be produced and what costs could be charged for them.
Who controls the economic system in a command economic system?Command financial system, a monetary machine wherein the approach of manufacturing is publicly owned and monetary interest is controlled through a central authority that assigns quantitative manufacturing dreams and allots raw materials to productive establishments.
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The Government ultimately determines the products that a command economy produces.
What is the command economy and examples?Alternatively, the Command Economy owns most, if not all, businesses and is organized by the central government, where government officials control all factors of production. East Germany, North Korea and the former Soviet Union are examples of command economies.
What is the basic idea of the command economy?The main idea of the command economy is that the economic base is controlled by the government and central authorities. They can make financial decisions. How many cars will be produced or how resources will be distributed in society.
Who controls the economy in a command economy?central authority
A Command economy is a monetary system in which the manner of production is publicly owned and monetary hobby is controlled through a central authority that assigns quantitative production desires and allots raw materials to efficient organizations.
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answer it please ^_^
Answer:
after independence the government device specific rules to public and private sectors basic the strategic industries where the government and their public sector and the consumer goods industries were left to be diplomate and the private sector there were member of change in industry policy from the time to time
Explanation:
Evolution of business activitiesAs the new technology invented it has also an application in business . before there was no thing as e bussiness or e commerce. but not almost every person heard it somewhere. business owners tried to move their business to online to get benefits from it and it helps them to grow their business to a very extent as it provides them with lots of costumer.
so marketing is now done by customer itself.
On december 29, 2021, patel products, inc. , sells a delivery van that cost $20,000. the equipment had accumulated depreciation of $16,000 at december 31, 2020. annual depreciation on this equipment is $2,000 computed using straight-line depreciation.
The appropriate journal entry to record the transaction using straight-line depreciation is: Debit Depreciation expense $2,000; Credit Accumulated depreciation $2,000
DepreciationIf the annual depreciation on this equipment is the amount of $2,000. The correct journal entry to record the transaction using straight-line depreciation is:
December 31 2020
Debit Depreciation expense $2,000
Credit Accumulated depreciation $2,000
(To record depreciation expenses)
Therefore the entry is: Debit Depreciation expense $2,000; Credit Accumulated depreciation $2,000.
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Apple invested $10,495 in the current year to expand its manufacturing capacity. Assume that these assets have a 10-year life and generate net cash flows of $3,000 per year, and that Apple requires a 7% return on its investments. (Apple $s in millions.) (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Compute break-even time. 2. Compute the net present value of this investment.
The breakeven time of the project is 3.50 years
The net present value of the project is $10,575.80
The requirement, in this case, is to determine the payback period(breakeven time) and the project's net present value.
The breakeven time means the number of years it takes to recoup the initial investment, and the number of years it would take for the annual cash flows to be the same as the initial investment, also known as the payback period.
Note for an investment that has even annual cash flows, breakeven time is the initial investment divided by the annual cash flow
breakeven time=$10,495/$3,000
breakeven time=3.50 years
The net present value is the present value of future cash flows for the 10 years minus the initial investment
PV of annual cash flow=annual cash flow*PVA of $1
From the table,7% for 10 years, would give PVA is 7.0236(PVA table, check 7% under year 10)
PV of cash flows=$3,000*7.0236
PV of cash flows=$ 21,070.80
NPV=$21,070.80- $10,495
NPV=$10,575.80
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The approach used when overhead is applied to jobs by multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the jobs is called.
A method of costing whereby overhead costs are allocated to a job by multiplying the actual cost of the allocation base incurred by the job by a specified overhead rate is known as Normal Costing.
What is predetermined overhead rate?
An allocation rate known as the predetermined overhead rate allocates a specific amount of manufacturing overhead to job orders or goods.
Predetermined overhead is frequently calculated at the start of each reporting period by dividing the anticipated manufacturing overhead expenses by an allocation base.
The allocation base refers to the time taken to perform an activity such as the machine hours, direct labor hours etc.
Normal Costing also known as the product costing method in which the several cost such as the direct cost, material cost, manufacturing overhead cost as well as the work in progress is added.
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The title to an automobile or the deed to a cattle ranch assures a buyer that the seller is the legitimate owner of that property. This is an example of property rights _________.
The above is an example of property rights facilitating exchange.
What is property right?This refers to the legal right to own a property whether or not they are tangible or intangible.
Property rights enables one to do the following:
A person has the authority to own a property.The property can be used within the law as he deemed fit.Receive any income that the property generates.Hence, the above is an example of property rights facilitating exchange.
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Pam and Marian have formed a limited partnership in the state of Massachusetts. Their business does well, and as it continues to expand, they would like to transact business in New Hampshire and Connecticut as well. They file applications with the secretaries of state in New Hampshire and in Connecticut. If they are issued certificates of registration in New Hampshire and Connecticut, their business will be considered a ________ in those states.
If Pam and Marian are successful in their application to New Hempshire and Connecticut, they will get a Certificate of Registration.
What is a certificate of registration?This is a legal document that is issued by the government of an area to show that a company can operate in the area because they have met the necessary requirements.
If Pam and Marian are cleared by the Connecticut and New Hampshire states, they will get Certificates of Registration.
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Consider these statements about annuities and perpetuities and decide which is accurate. Group of answer choices The future value of a perpetuity can be computed using low discount rates.. A perpetuity comprised of $200 monthly payments is worth more than an annuity comprised of $200 monthly payments, given an interest rate of 12 percent, compounded monthly. Most business loans are a form of an amortized loan. An ordinary annuity is worth more than an annuity due given equal annual cash flows for eleven years at 8 percent interest, compounded annually.
The accurate statements on annuities and perpetuities are:
A perpetuity comprised of $200 monthly payments is worth more than an annuity comprised of $200 monthly payments, given an interest rate of 12 percent, compounded monthly. Most business loans are a form of an amortized loan.What is true of annuities and perpetuities?A perpertuity's present value is:
= Amount / periodic rate
= 200 / (12% / 12 months)
= $20,000
This is larger than the present value of an annuity of the same amount if the payment period is not long.
Business loans come as amortized loans for the most part because the business will have to pay back a specific amount every period that includes interest and principal repayment.
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Which accounting method correctly reflects the results in finacial statements
The accounting method that correctly reflects financial statement results is Accrual accounting.
What is accrual accounting?This is a type of accounting that takes into account the various transactions that the business goes through even those that are not cash-based.
This will therefore accurately reflect the results of the financial statement because business get involved in non-cash transactions as well as cash transactions.
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Design quality is considered a(n) __________ for the firm. Multiple choice question. insignificant cost strategic decision service decision unimportant decision
The Design quality that a firm goes with is considered to be a strategic decision.
What kind of decision is Design quality?The quality of the design that a company goes with to brand their goods and services will represent what the company hopes to achieve in the future.
This means that the decision is a strategic one as these are done to showcase the future goals and direction of a company.
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A. the ability to merely project one's abilities in the lack of actual accomplishments B. the ability to reduce the dependence of team members on each other C. the ability to induce the team members to focus on individual goals rather than collective goals ormal leadership D. the ability to influence a group toward the achievement of a vision or set of goals E. the ability to use factors like training and experience to reduce dependence on f
A leadership is best described as the ability to influence a group toward the achievement of a vision or set of goals.
What is a leadership?In a formal setting, this refers to individual ability to influence, lead and guide others people to accomplish a predetermined mission in the manner desired.
Hence, it is best described as the ability to influence a group toward the achievement of a vision or set of goals.
Therefore, the Option D is correct.
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A ________Blank identifies that a firm has legally registered its brand name or trade name so the firm has its exclusive use, thereby preventing others from using it.
A trademark Blank identifies that a firm has legally registered its brand name or trade name so the firm has its exclusive use, thereby preventing others from using it.
A brand extension is when a company uses one of its established brand names on a new product or new product category.A brand name, or product brand, is a word, group of words, letters, or numbers that represent a product or service. A trade name, or corporate brand, identifies and promotes a company or a division of a particular corporation. The trade name is the legal name of the business.What does trademark imply?Any word, phrase, symbol, design, or combination of these that distinguishes your products or services might be considered a trademark. Customers use it to recognize you in the marketplace and set you apart from your rivals. Both trademarks and service marks are included under the umbrella term "trademark."Business names, logos, slogans, sounds, and even colors that are distinctive to a single brand may be protected by a trademark.Learn more about trademark brainly.com/question/19534317
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In making the best economic choices, consumers compare the benefits of the choice to.
In making the best economic choices, consumers compare the benefits of the choice to cost.
What is economic choice?economic choice can be regarded as the decision making by the consumer to choose the kind of product that is needed by them economically.
Therefore, the consumer usually consider the cost In making the best economic choices, as well as the benefits.
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Eastline Corporation had 17,500 shares of $5 par value common stock outstanding when the board of directors declared a stock dividend of 6,125 shares. At the time of the stock dividend, the market value per share was $17. The entry to record this dividend is:
The journal entry to record the declaration of a stock dividend is by debiting the retained earnings and crediting the common stock dividend with equal amounts of $30,625.
What are dividends?
Dividends are the amount allocated to the investors by the company with respect to the shareholdings held by them.
The journal entry for recognizing the transaction is as follows:
Particulars Debit Credit
Retained earnings (6,125 X $5) 30,625
Common stock dividends 30,625
(To record the declaration of dividends
on common stock)
Therefore, the journal entry is explained and recorded as above.
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