The marginal revenue is $15.The income gain brought on by the sale of one additional unit of output is known as marginal revenue
What is marginal revenue?The income gain brought on by the sale of one additional unit of output is known as marginal revenue. While marginal revenue may be constant above a certain level of output, the law of diminishing returns dictates that it will eventually begin to decline as output level rises. In microeconomics, the term "marginal revenue" refers to the increased total income produced by increasing product sales by only one unit.Total Revenue, usually referred to as sales, is the sum of all the money made from the sale of a business's goods or services. As a result, price and quantity are related to total revenue. It is critical that total revenue surpass total costs in order to generate profits.Marginal Revenue $=\frac{\text { Change in Total Revenue }}{\text { Change in Quantity Sold }}$
Therefore, we have to compute the change in total revenue and quantity sold.
*Change in total revenue
Change in Total Revenue[tex]$=(Q 2 * P 2)-(Q 1-P 1)$[/tex]
Change in Total Revenue [tex]$=(5 * 20)-(2.5 * 25)=37.5$[/tex]
*Change in quantity sold
Change in Quantity Sold =Q 2-Q 1
Change in Quantity Sold =5-2.5=2.5
Now we can proceed to compute the marginal revenue since we have all the required information.
Marginal Revenue [tex]$=\frac{37.5}{2.5}=15$[/tex]
Therefore, the correct answer is [tex]$\mathbf{C} . \mathbf{\$ 1 5}$[/tex]
The complete question is,
A monopolist faces the following demand schedule.
Price ($) Quantity
30 0
25 2.5
20 5
15 7.5
10 10
5 12.5
0 15
If the monopolist increases production from 2.5 to 5 units, what is the marginal revenue?
A. $100
B. $37.5
C. $15
D. $2.50
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steven washington's weekly gross earnings for the week ended april 22 were $1,000, and his federal income tax withholding was $180. assuming that the social security rate is 6% and medicare is 1.5% of all earnings, what is steven's net pay? round your answer to two decimal places.
Steven's net pay would be $807.30. To calculate this, subtract the federal income tax withholding ($180) from his gross earnings ($1,000) to get his taxable income ($820).
What is taxable income?Taxable income is the amount of income that is subject to taxation. It is calculated by taking gross income and subtracting allowable deductions such as charitable donations, business expenses, medical expenses, and other deductions. Taxable income is the amount of income used to calculate individual and business taxes.
Multiply his taxable income ($820) by the social security rate (6%) to get the social security withholding amount ($49.20).
Multiply his taxable income ($820) by the medicare rate (1.5%) to get the medicare withholding amount ($12.30).
Subtract the federal income tax withholding ($180), the social security withholding amount ($49.20), and the medicare withholding amount ($12.30) from his gross earnings ($1,000) to get his net pay: $1,000 - $180 - $49.20 - $12.30 = $807.30.
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The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts Payable $500 Fees Earned $2,062 Accounts Receivable 606 Insurance Expense 484 Prepaid Insurance 4,851 Land 1,711 Cash 743 Wages Expense 713 Drawing 348 Capital 6,894 Total assets are a. $3,305 b. $6,894 c. $7,911 d. $2,062
The sum of all the accounts mentioned in the ledger represents the total assets. When all the accounts are added together, the total comes out to $6,894 that is $500 + $2,062 + $606 + $484 + $4,851 + $1,711 + $743 + $713 + $348.
What do Normal balances entail?The sides on which rises and reductions are recorded as credits and debits, respectively, make up an account's normal balance. For instance, the typical balance of an asset account is a debit balance, meaning that whenever the amount of the account rises, it is deducted, and whenever it decreases, it is credited.
The normal balance of a liability account is a credit balance, which means that when the balance of the account increases, it is credited and when it decreases, it is debited. To ensure that the accounting equation is constantly in balance, the double-entry accounting method relies on knowing an account's normal balance. The right answer is b) $6,894, which is the amount.
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which method should she use to pay her bills? enter the response using the corresponding method number.
Automatic payments she use to pay her bills. The majority of credit card companies offer the option of automated payments, sometimes known as "autopay".
What are Automatic payments?The majority of credit card companies offer the option of automated payments, sometimes known as "autopay," which enables you to have your balance or minimum payment deducted from a bank account when your statement is posted. Autopay can be set up online or over the phone with your credit card company. Experts advise using autopay for all of your credit card bills because of this. Autopay is one of the simplest ways to organize your finances and improve your quality of sleep, provided that you have the anticipated amount of money in your bank account each month (to avoid any overdraft fees).The solution is 3. Set up recurring payments. Direct access to an ATM that receives a salary or bank account can be used to make automatic payments. This can assist individuals like Melanie in avoiding problems with late payments that would result in penalties. Paying using a check would not be a wise choice because you need to be sure you have the funds available to cover the purchase; otherwise, problems could arise. Sometimes, payments made over the phone or online take longer to reach the relevant organisation.To learn more about Automatic payments refer to:
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if something happens to alter the quantity demanded at any given price, then
Demand curve changes. A change in consumer preferences, changes in consumer income, or changes in the prices of related goods can all result in a change in the quantity demanded at any given price.
The supply-demand curve will change. The whole demand curve fluctuates whenever there is a change in the demand for an item or service at a specific price. This change is known as a change in demand, and it may be brought on by a number of things, including alterations in customer tastes, changes in income, or the availability of replacement products. The demand curve could move to the right, for instance, if consumer income rises because they might be able to afford to buy more of the commodity at any given price. On the other hand, if a substitute good's price drops, consumers might decide to buy it in place of the original, which would cause the demand curve for the original good to move to the left.
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taylorism attempted to use scientific principles to better handle which aspect of business? group of answer choices marketing management accounting industrial production
Taylorism tried to use scientific principles better to handle the industrial production aspect of a business. Thus, option D: "industrial production" is the correct answer option.
Industrial production refers to the output of industrial establishments, which covers sectors such as manufacturing, mining, gas, electricity, steam, and air-conditioning. The industrial production aspect of the business is an indicator of measuring an index based on a reference period that expresses a change in the volume of production output.
To better handle and improve industrial production, Taylorism attempted to apply scientific principles in this aspect of the businesses.
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if a bank has to transfer 1,000 dollars from account a to account b, the step that increases the balance of account b by the amount of 1,000 dollars is called a transaction. select one: true false
if a bank has to transfer 1,000 dollars from account a to account b, the step that increases the balance of account b by the amount of 1,000 dollars is called a transaction. select one: true
A bank is a great example of a financial organization that gives credit because it offers and accepts demand deposits from the general population. [1] The bank can use capital markets to engage in direct or indirect lending activities.The majority of those countries have tight regulations governing banks since they are essential to the financial stability and economic health of those countries. The fractional reserve banking system, in which banks keep liquid assets that are only loosely equivalent to their current liabilities, has been institutionalized in the majority of countries. In addition to additional constraints intended to assure liquidity, banks are frequently subject to minimum capital requirements based on an international system of capital laws known as the Basel Accords.The fourteenth century saw the emergence of modern ideas.
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why is foreign employment important ?
Answer:
Foreign employment can be important for a number of reasons, including:
Economic growth: Foreign employment can bring in significant amounts of foreign currency to a country, which can help to boost the economy.
Poverty reduction: Foreign employment can provide individuals and families with higher wages than they would be able to earn in their home country, which can help to reduce poverty.
Career development: Foreign employment can provide individuals with opportunities to gain new skills and experiences, which can help to improve their career prospects.
Cultural exchange: Foreign employment can also provide an opportunity for cultural exchange, which can help to promote understanding and tolerance between different countries and cultures.
Remittances: Foreign workers often send money back to their home country, known as remittances, which can be a major source of income for families and communities.
Human Development: Foreign employment can provide individuals with better access to education, healthcare, housing and other essential services, which can improve their overall quality of life and human development.
All in all, Foreign employment can have a positive impact on the economy and society by providing people with better living conditions, opportunities and increasing the GDP.
Answer:
Explanation:
Here are three primary reasons why foreign employment is beneficial for your business.
1.More innovation
A foreigner, being from a different country and culture will bring new ideas and ways to challenges. These insights can be used to enhance processes and systems.
Availability to global markets
2.Access to global markets
Numerous firms leverage the links their overseas employees have to their native nations. Consider a corporation with a German employee that desires to explore the German or European market. The employer is in an ideal position to request insight or even contacts from the German employee in order to create partnerships in Germany.
3.Better fulfilling working atmosphere
Most individuals like learning from their peers. Foreign workers have so much to give their coworkers in this aspect. Not only from a financial standpoint, but also from a personal and cultural standpoint. This makes the workplace more engaging and rewarding for every employee.
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your project is well underway, and the project management plan as well as subsidiary plans have been baselined and work is proceeding apace. a key project stakeholder has just approached you with a problem: a requirement was missed by the business in the requirements gathering process and they want it inserted into the project plan without having to go through the formal change request process. they would consider it a huge favor if you did so and would be willing to reciprocate at some later date. what should you do next?
In a project these changes can be made without formal request.
What is the goal of the planning process in project development?
The goal of the project planning process is to create a Baseline Project Plan and a Project Scope Statement.
Project Scope Statement and Baseline Project Plan
A scope baseline is an accepted version of your project's scope as described in a scope statement, work breakdown structure, and WBS dictionary.
Project progress is tracked, and actual and planned results are compared using the scope baseline as a reference.
A project scope statement provides a detailed explanation of the work that must be completed in order to complete the project on time and within budget.
It also establishes the scope of the project. The project scope statement includes all and only the work required to complete the project within budget.
The scope statement should be as long as necessary to mitigate the main risks of the project.
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as compared to a residential building, finding a new tenant for a commercial building often takes...?
As compared to a residential building, a new tenant for a commercial building often takes that produce or sell products or services, such as a retail store.
The residential building is the building in which the residential property, the spaces more than half of the area is used for the dwelling purpose. The residential building reflects a building in which the sleep accommodation is only provided for the simple residential with or without cooking or dining facilities.
There are different types of residential building like individual house, private dwelling, lodging, rooming houses etc. On the other hand, the commercial building is the real estate or investment property.
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you are interested in buying a piece of real property that could be worth $300,000 in 10 years. assuming that your money is worth 8%, how much would you be willing to pay for the property?
you would be willing to pay $174,958 for the property assuming the money is worth 8%.
What is present value?Present value (PV) is the current value of a future financial asset or stream of cash flows, given a specific rate of return. Future cash flows are discounted to a certain extent based on the discount rate; the greater the rate, the lower the present value of those future cash flows will be. Choosing the appropriate discount rate is crucial for appropriately valuing future cash flows, whether they pertain to earnings or debt obligations.
This question may be answered by using the following formula:
Future Value / (1 + r) Equals Present Value
where n is the number of years until the future value is realised and r is the interest rate (8 percent in this example) (10 years in this case).
So, the following would be the property's current value:
$300,000 / (1 + 0.08) ^10 = $174,958.
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what is the minimum tax that pedro should pay to make the tax structure vertically equitable based on the tax rate paid?
Pedro should pay $1,200 to make the tax structure vertically equitable based on the tax rate paid.
Vertical equity in taxation requires that taxpayers with a higher income pay a higher proportion of their income in taxes than those with lower incomes.
To achieve this, Pedro, with an income of $20,000, must pay a minimum of $1,200 in taxes to ensure that the tax structure is vertically equitable based on the tax rate paid.
We can calculate this using the following formula: Taxpayer's Salary x Tax Rate = Total Tax. In this case, the tax rate is 6%, as seen in the table above for Mae, who earns $10,000 and pays $600 in taxes.
So for Pedro, we can calculate his minimum tax as follows: $20,000 x 6% = $1,200.
Therefore, Pedro should pay a minimum of $1,200 in taxes to make the tax structure vertically equitable based on the tax rate paid.
Although a part of your question is missing, you might be referring to this question:
Given The Following Tax Structure,
Taxpayer Salary Total Tax
Mae $10,000 $ 600
Pedro $20,000 ?
what is the minimum tax that Pedro should pay to make the tax structure vertically equitable based on the tax rate paid?
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1) did they have the characteristics that were selected in by this environment? what characteristics were strong points? what characteristics were weak points? 2) is it too late for neiman marcus? 3) can they change their characteristics to be more isomorphic with their environment? in the middle of the covid-19 crisis neiman marcus sent an email touting their sale on women's high-fashion dresses. the 40% off took some 4) $5000 dress down to $3000. is this a smart move? 5) does this show that they are out of touch?
Customers shop for high-end products at neiman marcus, a first-class department store, and they are assisted at every stage of the shopping process.
What kind of store is Neiman Marcus?
The solution is a full-service retailer. Full-service retailers compete by assisting customers throughout the purchasing process.
This is not only limited to private interactions, but also includes service types that will make the searching process easier: Accepts a variety of payment methods, including cash, check, and MasterCard.
This is a type of sales unit that usually operates from a warehouse where customers can return, pay in cash, and pick up the products they purchased. These are the people who don't accept credit and only accept cash. The retailers are usually their customers' area unit.
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what is depreciation? multiple choice question. a systematic expensing of an asset based on the asset's estimated life a systematic cash contribution to a company's checking account to fund a new asset the current market value of an asset minus the asset's initial cost the market value of an asset minus the asset's book value
Depreciation is the systematic expense of an asset based on its estimated useful life.
The time period depreciation refers to an accounting approach used to unfold the value of a tangible or bodily asset over its beneficial life. Depreciation suggests how plenty of an asset's fee has been used. It permits organizations to generate earnings from the belongings they personal via way of means of making bills over a duration of time.
Companies do not have to fully account for assets in the year they are acquired, which greatly reduces immediate operating costs. Failure to account for depreciation can have a serious impact on a company's bottom line. Businesses can also depreciate long-term assets for both tax and accounting purposes.
Depreciation can be compared to amortization that takes into account the change in value of an intangible asset over time. Depreciation links the cost of using an item of property, plant and equipment to the profits received over its useful life.
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true or false: goals can help you stay focused on what you hope to accomplish with your marketing efforts.
It is true that goals can help you stay focused on what you hope to accomplish with your marketing efforts
What are sales and marketing efforts?Your plan for locating, attracting, and turning profitable prospects into customers is known as your sales and marketing strategy. It serves as the charter for Marketing and Sales, assisting them in identifying common goals and determining how to accomplish them.The resources that a business uses to market its goods and services are called marketing efforts. A business can increase demand and interest in its products and increase its exposure among prospective customers by engaging in marketing efforts. The term "social marketing" refers to a process that "applies marketing ideas and practice's to produce, communicate, and deliver value in order to influence target audience behaviours that benefit society (public health, safety, the environment, and communities) as well as the target audience."To learn more about marketing efforts refer to:
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the profit-maximizing monopolistic competitor produces where price group of answer choices is less than marginal cost and marginal revenue. equals marginal cost and marginal revenue. equals marginal cost and is greater than marginal revenue. equals marginal cost and is less than marginal revenue. is greater than both marginal cost and marginal revenue.
The profit-maximizing monopolistic competitor produces where price is greater than both marginal cost and marginal revenue.
What are the advantages and disadvantages of a monopolistic competitive market structure? The advantages of a monopolistic competitive market structure are that it is relatively easy to enter and exit the market, and firms have some control over their prices and output. This market structure also allows for product differentiation, which can increase consumer choice. Additionally, it encourages innovation as firms strive to differentiate their products from competitors.The disadvantages of a monopolistic competitive market structure include lower economic efficiency as firms tend to produce where marginal cost exceeds marginal revenue, resulting in overproduction. Additionally, this market structure can lead to higher prices for consumers due to the lack of competition and firms' ability to exercise pricing power. Furthermore, there is a potential for unequal market share distribution and unfair practices such as predatory pricing.To learn more about monopolistic competitor refer to:
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what is each project's npv? round your answer to the nearest cent. do not round your intermediate calculations. project a: $ fill in the blank 2 project b: $ fill in the blank 3 what is each project's irr? round your answer to two decimal places. project a: fill in the blank 4 % project b: fill in the blank 5 % what is each project's mirr? (hint: consider period 7 as the end of project b's life.) round your answer to two decimal places. do not round your intermediate calculations. project a: fill in the blank 6 % project b: fill in the blank 7 % from your answers to parts a-c, which project would be selected? if the wacc was 18%, which project would be selected? construct npv profiles for projects a and b. round your answers to the nearest cent. do not round your intermediate calculations. negative value should be indicated by a minus sign. discount rate npv project a npv project b 0% $ fill in the blank 10 $ fill in the blank 11 5 $ fill in the blank 12 $ fill in the blank 13 10 $ fill in the blank 14 $ fill in the blank 15 12 $ fill in the blank 16 $ fill in the blank 17 15 $ fill in the blank 18 $ fill in the blank 19 18.1 $ fill in the blank 20 $ fill in the blank 21 24.29 $ fill in the blank 22 $ fill in the blank 23 calculate the crossover rate where the two projects' npvs are equal. round your answer to two decimal places. do not round your intermediate calculations. fill in the blank 24 % what is each project's mirr at a wacc of 18%? round your answer to two decimal places. do not round your intermediate calculations. project a: fill in the blank 25 %
The present value of the net cash inflows that a project is anticipated to produce less the project's initial capital requirement is the project's net present value (NPV).
What types of investments are there?There are numerous investment options available. The most popular ones are probably equities, bonds, property, and ETFs/mutual funds. Real estate, certificates of deposit, annuities, currencies, minerals, rarities, and precious metals are more investment options to think about.
What is meant by the phrase "investment return"?Return is expressed as a monetary gain or loss and includes all interest, dividends, plus capital gains produced on a transaction over a specific time period. Return provides a glimpse into the investment's historical performance and helps determine whether a certain investment has made money over time.
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suppose you have data on durable goods, nondurable goods, fixed investment, government purchases, exports, and imports. can you compute gdp?
No, since data on inventory investment and services are missing we cannot compute gdp.
The market worth of all the finished products and services that nations create and sell in a certain time period is measured in dollars by the gross domestic product (GDP). This measurement is frequently reviewed before being regarded as a valid indicator due to its subjective and complicated character. Gross domestic product, or GDP as it is more often called, is one of the most significant. This economic indicator shows how much money was spent on the commodities and services produced in the nation over a specific time frame. Between 2% and 3% is the desired GDP growth rate. How well-off the economy is is determined by the GDP growth rate. Positive numbers indicate that the economy is expanding. If the result is negative, the economy is shrinking.
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perfect competition is characterized by all of the following except a. heavy advertising by individual sellers. b. homogeneous products. c. sellers are price takers. d. a horizontal demand curve for individual sellers.
All of the following, with the exception of aggressive marketing by individual sellers, define perfect competition. goods that are uniform.
What are the 4 types marketing?
The four Ps are a "marketing mix" made up of four essential components that are used to promote a good or service: product, pricing, place, and promotion. Typically, companies take into account the four Ps when developing marketing plans and strategies to reach their target audience. The four Ps are the most prevalent and the cornerstone of developing a successful marketing plan, while there are many more "marketing mixes" as well. You may read more about the four Ps' goals, history, and in-depth analysis in this article.
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which of the following is not a benefit of collaborating to develop a computing innovation? responses collaboration can decrease the size and complexity of tasks required of individual team members. collaboration can decrease the size and complexity of tasks required of individual team members. collaboration can make it easier to find and correct errors during the development process. collaboration can make it easier to find and correct errors during the development process. collaboration eliminates the need to resolve differences of opinion. collaboration eliminates the need to resolve differences of opinion. collaboration facilitates multiple perspectives in developing ideas.
One option that is not a benefit of working together is Collaboration can reduce the size and complexity of tasks that each team member must perform.
What exactly is computing innovation?
Computing innovation is defined as a type of innovation that is made up of computers or has program code as a key component of its work.
The options that are not a benefit of working together to develop a computing innovation are Because it is a disadvantage, collaboration can reduce the size and complexity of tasks required of individual team members.
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identify whether the following statements are true or false. a. the current ratio is a measure of a firm's liquidity. ( ) b. free cash flow is a measure of a firm's solvency. ( ) c. the return on sales ratio is a measure of a firm's liquidity. ( ) d. the debt-to-total-assets ratio is a measurement of a firm's liquidity. ( )
the current ratio is a measure of a firm's liquidity is true, free cash flow is a measure of a firm's solvency is false, the return on sales ratio is a measure of a firm's liquidity is true.
A liquidity ratio called the current ratio assesses a company's ability to satisfy its immediate commitments. A firm's liquidity may be determined by looking at its current ratio. Different industries have different acceptable current ratios. A high current ratio is frequently preferred by creditors over a low current ratio since it shows that the firm is more likely to repay the creditor. Investors should not necessarily take large current ratios as a positive. A company's current ratio may be an indication that it is not utilising its short-term funding options or current assets effectively if it is too high. Current assets must be more than current liabilities for the current ratio to be less than 1.
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the assembly department at saint-simon, inc. started 6,000 units into production and completed 7,000 units. the beginning work in process inventory had 3,000 units. the number of units in ending work in process inventory is
number of units in ending work in process inventory is 2,000
In a process cost system, how are unit costs calculated?How are unit costs calculated in Process Costing? Unit costs are calculated by dividing total costs by the number of units of output from the manufacturing process. Because various activities need varying amounts of resources, it would be inappropriate to charge each work at the same average production cost.
Because process cost accounting is mostly employed by manufacturing firms, stock of work in process is only partially finished at the start or end of an accounting period as part of continuing operations.Advertisement is a selling cost rather than a manufacturing cost since it is unrelated to the manufacture of the thing. It is sometimes referred to as a sunk cost.
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the sales associate with whom robin was working to sell her condo died of a heart attack just two days after robin signed a listing agreement.is robin now free to list her property with whomever she pleases?
Unfortunately, Robin would not be free to list her property with whomever she pleased. This is because the listing agreement she signed will still be in binding, meaning the company for whom the associate worked for is still the designated agency for her listing.
The company can appoint a new agent to take over Robin's listing, but she is still bound by the terms of the contract with the original partner. If the agreement contains an exit clause, he can use it to negotiate a termination of the listing, but he will need to consult a lawyer to determine his best course of action.
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my brother-in-law and i want to start a small vacuum cleaner repair shop as partners. we want to keep our costs and complexity of maintaining our business at a minimum. we should organize:
my brother-in-law and i want to start a small vacuum cleaner repair shop as partners. we want to keep our costs and complexity of maintaining our business at a minimum. we should organize: As a partnership.
What is known as organization?
An association is a type of business where at least two individuals share proprietorship, as well as the obligation regarding dealing with the organization and the pay or misfortunes the business creates.
How does an organization function?
An organization is the connection between at least two individuals to do exchange or business. Every individual contributes cash, property, work or expertise, and offers in the benefits and misfortunes of the business.
How is an organization shaped?
An association is a business game plan in which at least two individuals own a substance, and by and by share in its benefits, misfortunes, and dangers. The specific type of organization utilized can give an insurance to the accomplices. An organization can be framed by a verbal understanding, without any documentation of the game plan by any means.
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Businesses often examine financial information to see how they are spending their money and where cuts could be made. In other words, they use financial information to
Businesses often examine financial information to see how they are spending their money and where cuts could be made. In other words, they use financial information to make strategic decisions.
To determine how they are spending their money and where savings could be achieved, businesses frequently review their financial data. To put it another way, they use financial data to make strategic decisions about their finances, such as allocating resources, locating cost savings, and gauging the general state of the business's finances.
An understanding of a company's revenue, costs, and profits can be gained from financial data such as balance sheets, income statements, and cash flow statements. This information can assist firms in planning budgets, making investments, and projecting future performance. Businesses can also utilise financial ratios to assess the efficacy and efficiency of their financial management, such as the profitability and liquidity ratios.
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anna purchased an antique ring in 2015. the value of the ring has increased in value year to year at a rate of 15% annually. the value of the ring in 2015 was $4500. what was the value of the ring in 2020? enter your answer, rounded to the nearest dollar, in the box.
Let the the value of ring in 2020 be X. So, X = $4500*(1.15) ^5 = $9051
A.T.Q, the value of the ring will be $9051 after a rate of 15% annually.
What does interest rate mean?The amount that the lender charges the borrower over and beyond the principal amount is referred to as the interest rate. A person who deposits money in a bank or other financial institution also earns additional income in terms of the recipient, known as interest, taking into account the time value of money.
What happens when interest rates are low?Low borrowing rates put more money in consumers' pockets for spending. They might also be more ready to borrow money and make larger purchases as a result, which increases demand for household products. Banks are now able to lend more, which is a bonus for financial organizations.
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Paul thought about a career in entrepreneurship, but he has become aware of the long hours and stressful situations which would likely be involved. Because he feels the need to be available to his family, he is considering. This is an example of Paul taking which factor into consideration
Paul thought about a career in entrepreneurship, but he has become aware of the long hours and stressful situations Because Work-life balance.
How does entrepreneurship look like in practise?Creating or removing economic value is what is meant by entrepreneurship. According to this definition, entrepreneurship is considered as a type of transformation that typically involves greater risk than is typical when beginning a business and it may also involve values other than just financial ones. Starting a new business is the best illustration of entrepreneurship. The market receives fresh ideas from entrepreneurs who replace outdated products with brand-new creations, earning them the reputation of innovators or sources of new ideas. Small, home-based businesses to large corporations can be included in this category.
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which is not true about the law of the sea? it identifies a contiguous zone in which a state may enforce pollution controls and levy taxes for its use.
The correct option is C:the law of the sea ensures free trade by classifying internal shoreline waters as international.
The law of the sea is a body of customs, treaties, and international agreements by which governments maintain order, productivity, and peaceful relations on the sea. NOAA's nautical charts provide the baseline that marks the inner limit of the territorial sea and the outer limit of internal waters.The law of the sea forms the basis for the conduct of maritime commerce critical to our economy; codifies the rules of freedom of navigation that are essential to national security; and enables the U.S. to conserve, regulate, and exploit the resources of our neighboring waters and continental shelf
Which is NOT true about the Law of the Sea?
a. It identifies territorial waters up to 12 nautical miles as under a state's control.
b. It identifies international waters not subject to a single state's control.
c. It ensures free trade by classifying internal shoreline waters as international.
d. It identifies a contiguous zone in which a state may enforce pollution controls and levy taxes for its use.
e. It identifies a state's sole right to resources within its EEZ
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The following balances are from the accounts of Tappan Parts: January 1 (Beginning) December 31 (Ending) Direct materials inventory $ 21,600 $ 24,600 Work-in-process inventory 32,800 28,900 Finished goods inventory 5,800 7,300 Direct materials used during the year amount to $46,400 and the cost of goods sold for the year was $52,600.
A statement detailing the costs of the commodities produced will be created, with a manufacturing cost balance of $310,000.
What is the process on accounts of Tappan ?From Tappan Parts' accounts, the following sums are shown: December 31 through January 1 (Ending) Inventory of direct materials, $21,600 $,24,600 Inventory of work-in-progress 32,800 28,900 5,800 7,300 finished goods inventory $46,400 worth of direct materials were used over the year, and $52,600 worth of goods were sold during that time.
To determine the cost of goods manufactured, the cost of goods sold will be entered as $1,378,000 in the cost of goods statement. A statement detailing the costs of the commodities produced will be created, with a manufacturing cost balance of $310,000. The matching accounting principle is used, and after that, the sales revenue for a specific time period is determined. Following the recognition of sales, the cost of goods sold incurred to generate the sales income is compared to determine the profit.
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own is looking to sell his guitar for nothing less than $60. suppose shannon offers him $100, although she was willing yo pay up to $130 for it. how much total value is created if owen accepts this trade?
A total value accepted by the trade of $70 in value was produced.
As per the details share in the above question are as bellow,
The total value produced in this case refers to the total financial gain experienced by a customer and a producer as a result of the sale of a good. Consequently, it is the total of producer surplus and consumer excess. The formula is as follows:
Consumer get the surplus = consumer's is ready to willing price - market price, or 130 - 100, is 30.
Producer that is more than required surplus = market price - producer's willing price, or 100 - by 60, is $40.
Thus, the total value generated is equal to $70 (40 + 30).
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when is it acceptable to discourage a borrower from making a formal loan application due to the fact that the borrower receives income from public assistance?
It is never acceptable to discourage a borrower from making a formal loan application because of the fact that the borrower obtains income from public assistance.
A loan refers to a sum of money that people or enterprises borrow from banks or other financial bodies so as to financially manage planned or unplanned activities. In doing so, the borrower incurs a debt that they have to pay back with interest and within a specified period of time. There are some circumstances in which a borrower is discouraged to take a loan; however, this is not the one reason to discourage the borrower from taking a loan that is because of the cause that the borrower obtains income from public assistance.
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