The total revenue less all explicit costs, including depreciation, is the accounting profit. Economic profit is calculated by deducting entire costs from the total revenue or return of a business or investment.
What is accounting?
Accounting is the organized, consistent recording, reporting, and comprehension of a business's financial activity.
Subtracting explicit costs from total revenues yields accounting profit. Total revenues minus both explicit and implicit costs equals economic profit.
Explicit costs are expenses incurred directly by a company, such as payments for goods, rent, or labor and salaries. Accounting profit exceeds economic profit, assuming that implicit costs are positive.
As a result, a firm’s accounting profit is equal to total revenue minus explicit costs.
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A production possibilities frontier (PPF) that is a straight-line sloping down from left to right would suggest that:
A production possibilities frontier (PPF) that is a straight-line sloping down from left to right would suggest that: the opportunity costs of the products are constant.
What is opportunity Cost?Opportunity cost is an amount of money or satisfaction that an individual is willing to let go.
This is done in other to choose another product with more benefits that the previous one.
It is constant when the slope moves to the right side of the graph
Therefore, A production possibilities frontier (PPF) that is a straight-line sloping down from left to right would suggest that: the opportunity costs of the products are constant.
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what are the three element of business equipment and resource?
Answer:
1.1 Identify and access business equipment or resources required to
complete task under direct instructions
1.2 Estimate quantities and resources correctly to complete the task
1.3 Check equipment for serviceability in accordance with equipment
instructions
2. Operate equipment
2.1 Operate equipment in accordance with manufacturer's specifications
and under direct instructions
2.2 Identify equipment faults accurately and take action to ensure
equipment is repaired in accordance with manufacturer's
specifications
2.3 Report repairs outside area of own responsibility to appropriate
persons
3. Maintain equipment or resources
3.1 Maintain equipment or resources to support completion of tasks under
direct instructions
3.2 Undertake maintenance to ensure equipment meets manufacturer's
specifications
3.3 Maintain records concerning equipment or resources under direct
instructions
3.4 Store equipment and resources under direct instructions
Explanation:
When calculating turnover of property plant & equipment and receivables, which item from the income statement do we use? Operating expenses, Sales, Gross profit, Net income
The term used from the income statement to calculate turnover is (b) Sales
How to determine the term?The turnover of property plant & equipment and receivables is calculated using
Turnover = Sales ÷ Average Inventory
The dividend in the above equation is Sales
Hence, the term used from the income statement is (b) Sales
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In this assignment, you will research the cost of the first year at a two- or four-year college, depending on
the needs of your career choice. Using reference materials and Internet sites, you will collect information
about the college fees, housing, food, books, and about optional ways to pay for that year of college. In
addition, you will need to set up a savings plan. You will use a spreadsheet program to show your costs
for the first year of college and the monthly progress of your savings for the time until you go to college.
Useful references for gathering this information are at the end of this document. You will then present
your findings in a word document.
A sample savings plan for a college student based on the given requirements would be:
Daily savings: $500Weekly savings: $3,500Monthly savings: $14,000Yearly savings: $168,000It would 6 months of saving to get $84,000What is a Savings Plan?This refers to the financial plan that is made in order to sort a budget and set aside certain amounts of money to fund a particular thing.
Hence, we can see that the useful information to be used is:
(Yearly)
College fees: $30,000Housing: $24,000Food: $16,000Books: $12,000Total: $82,000Read more about savings and budget here:
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The Government of Ghana has initiated severally policies aimed at digitalizing the economy. Over the past
decade, the government has initiated policies such as the e-payslip to curb ghost workers, the construction of
the Accra digital centre, the introduction of Ghana.gov to facilitate online payments such as filling taxes among
others and the QR code system. However, the patronage of such platforms and systems has not been
encouraging. In an attempt to encourage adoption and frequent usage of the online platforms, the Government
of Ghana wishes to understand the reasons Ghanaians fail to fully patronize these platforms. Your friend who
works with the ministry of communication recommends you as the best consultant for the project. As a
consultant, you are expected to determine how the age of citizens, level of education, gender, income, and rural
and urban settlement affect patronage of digital platforms. As the consultant:
a. Formulate a research topic and state the dependent and independent variables.
b. State the general objective and two specific objectives for this study.
Answer:
3x3+4-4hrhrbrbrbbrbbdbdbdbbrbr
What is a good personal objective to apply a SWOT Analysis to?
A good personal objective to apply a SWOT Analysis to is to help the organization to be able to identify making a business decision.
What the objective of SWOT analysis?A SWOT analysis can be regarded as the ability to gather the company's strengths as well as weakness along threats.
One of the main objective to SWOT analysis is to be able to identify and be aware of the factors involved in making a business decision.
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What is the name of a graph that shows all the combinations of
goods and services that can be produced if all of society's resources
ara used?
O production possibilities curve
O Lorenz Curve
O capital consumption frontier
O circular flow model
Production Possibilities Curve is the name of the graph that shows all the combinations of goods and services that can be produced if all of society's resources are utilized. Hence, Option A is the correct choice in this case.
What is a Production Possibilities Curve?A graph that suggests all of the extraordinary combinations of the output of goods that may be produced using available sources and technology is referred to as the Production Possibilities Frontier (PPF). The PPF captures the ideas of shortage, choice, and tradeoffs.
Hence, Production Possibilities Curve is the name of the graph that shows all the combinations of goods and services that can be produced if all of society's resources are utilized. Option A is the correct choice in this case.
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alternatives to commercial insurance
Explanation:
Labor and Economic Opportunity.
Bureaus & Agencies.
Workers' Disability Compensation Agency.
Insurance Requirements.
Group Funds - An Alternative to Commercial Insurance.
Where is focus located in concave mirror?
C) Concave mirror has the focus located in front of its reflecting surface. A concave mirror, or converging mirror, has a reflecting surface that is recessed inward.
Answer:
you are correct for this answer
Which of the following describes the evaluation stage of the creative process?
generating alternative solutions and taking a break
defining the problem by looking for new angles and gathering others' opinions, feelings
and ideas
O allowing your subconscious to work on the problem and gaining new insight into the
solution
assessing the solution to make sure the idea is practicality
The correct option is D. Assessing the solution to make sure the idea is practical and best describes the evaluation stage of the creative process.
What is Evaluation?
Evaluation is the fourth stage out of five stages of a creative process during this stage validate your idea and weigh it against the alternative.
Thus, the validation of your idea and weighing it among the alternatives best describe an Evaluation.
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What is supply and demand?
Answer:
Supply and demand is an interection between the sellers of a product and the people who want to buy that product. Price is affected by supply and demand in a market. Supply and demand is affected by technology and working conditions.
Demand and supply can be graphed to calculate the best price for a product. The space where the 2 lines meet is the equilibrium price.
There are three types of unemployment: frictional, structural, and cyclical. Which one is the worst for workers and what could they do to avoid it? Explain
Answer:
Over time, the economy experiences many ups and downs. That's what we call cyclical unemployment because it goes in cycles. Cyclical unemployment occurs because of these cycles. When the economy enters a recession, many of the jobs lost are considered cyclical unemployment.
For example, during the Great Depression, the
Answer:
Structural Unemployment is the most common type of unemployment. It is also the worst type of unemployment. Since it is caused by forces other than the business cycle, it is more permanent in nature compared to other types of unemployment.
Explanation:
Economists primarily focus on three types of unemployment: cyclical, frictional, and structural.
Abbott Company purchased $6,500 of merchandise inventory on account. Abbott uses the perpetual inventory method. How does this transaction affect the financial statements? Multiple Choice Decrease accounts payable and decrease purchases Increase inventory and increase accounts payable Increase cost of goods sold and increase accounts payable Decrease accounts payable and decrease inventory
The correct option is B which means through this transaction there is an increase in the stock or inventory and an increase in accounts payable also.
What is a Perpetual Inventory Method?Perpetual Inventory Method is a method of inventory valuation that records the transaction at the time when it occurs. A perpetual inventory system will record changes in inventory at the time the transaction occurs.
Thus, the value of inventory is increased by $6,500 along with that accounts payable are increased by such $6,500.
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which of the following is the process of coming up with something new? a. Innovation O b. O Business Model c. Creativity d. Design. which of the following is the process of coming up with something new ? a . Innovation O b . O Business Model c . Creativity d . Design .
Innovation is the process of creating something new. Hence, choice A is right.
What do you mean by innovation?
Innovation is the process of coming up with a fresh concept or creating a good or service that has a market value that customers are willing to pay for and meets their requirements and expectations.
Design innovation is a technique used to generate innovation. It focuses on meeting human requirements with available technology and developing a workable business plan to capitalize on this market opportunity.
Hence option A is correct.
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Patrick and Kathy bought a home for $250,000 three years ago and sold it this year for $225,000. What is the deduction they can take for the loss on the sale?
$0
$2,500
20% of $25,000
60% of $25,000
The amount they can take as deduction for the loss on the sale of their home is; $0.
How much can they take as deduction for the loss on the sale?It follows that deductions can only be taken on losses incurred on the sale of property used for business or investment purposes.
Hence, since the item sold is their personal home, it follows that they cannot take any deduction on the loss on the sale.
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A country has a population of 20,000 people and a GDP of 50 million dollars. What is the per capita GDP of the country?
Answer:
$2500Explanation:
Given,No. of peoples living in a country = 20,000
GDP of the country is = 50 million dollars or $50,000,000
As we know,[tex]per \: capita \: gdp \: = \frac{country's \: total \: GDP }{country's \: total \: population} [/tex]
Therefore,The per capita GDP of the given country will be
[tex]= \frac{country's \: total \: GDP }{country's \: total \: population} [/tex]
[tex] = \frac{50,000,000}{20,000} [/tex]
= $2500
Henceforth,The per capita GDP of the given country is $2500 (Ans)
One week, Rachel earned $250. She spent $120 on food, $30 on miscellaneous items, and saved the rest.
If Rachel makes a pie chart showing how she spends her money, the central angle for the food sector would be
If Rachel makes a pie chart showing how she spends her money, the central angle for the food sector would be 172.8°
Calculations and ParametersGiven that the total angle in a pie chart is 360°
360° = $250
? =.$120
To find the degree/angle that would be used for a $120 spend would be
120×360= 43200
43200÷250
=172.8°
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i need this 4 questions solved plsssss
In the late 1980s, the top international banks were predominantly Japanese because the Japanese economy was responsible for a lot of electronic device production.
As the world became even more digitized, Japanese firms did not adapt fast enough and so their banks lost their predominance.
The late 2000s saw American banks being predominant thanks to the real estate boom which ended with the Great Recession of 2008/9.
The late 2010s saw Chinese banks in the ascendancy thanks to China's massive production capacity. This came to a halt in 2019 with the pandemic.
Which nations dominated banking over the years?The Japanese dominated the banking industry in the late 1980s because Japan was responsible for much of the world's gadget production.
The Japanese lost their dominance however, when they did not embrace digitization fast enough which led to a fall in the fortunes of Japanese companies like Kodak.
American banks took advantage of the housing boom of the 2000s to become the most dominant but they lost some dominance after the horrible 2008 Great Recession.
The Chinese then took over in the 2010s thanks to their massive manufacturing capacity and worldwide influence.
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Which type of tax funds the salaries of public school teachers?
A. State income tax
B. FICA tax
C. Federal income tax
D. Local income tax
Answer:
c
Explanation:
anet, Carol, Eva, and Wendy incorporate their law practice (“Shysters-R-Us, Inc.”) with the following investments: A) Janet contributes her copyright (basis of $60,000 and FMV of $144,000) for 9400 shares of Shyster stock, worth $98,000. The corporation also assumed her $46,000 of business debts. Janet’s basis in her Shyster stock.
Based on the basis of the stock that Janet contributed and the business debts assumed, Janet's basis in Shyster is $14,000.
What is Janet's basis?This can be found as:
= Basis of the copyright that Janet contributed - Her business debts assumed
Solving gives:
= 60,000 - 46,000
= $14,000
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The bid price is $0.64 for the Canadian dollar and the ask price is $0.68 for the Canadian dollar. What is the bid-ask spread for the Canadian dollar?
O a. 6.25%
O b. 8.75%
O c. 5.25%
O d. 6.77%
O e. 7.77%
Answer:
Explanation:
The way this is normally done is to take the difference between the bid price and the ask price and divide by the ask price. That answer is not listed. What is listed is the difference divided by the bid price which is (.68 -.64)/.64 That gives 0.0625. To get a % multiply by 100..That gives 6.25% which is A.
So that is the best I can do for you.. Done the way I first suggested gives 5.88% which isn't there.
Advocates of small businesses often argue that they should receive special tax treatment. Assume that small businesses had to pay only half the Social Security tax that is imposed on large corporations. What effect would that have on production efficiency?
The effect that the tax will have on production efficiency is that it will lead to more production and revenue.
What is a tax?It should be noted that a tax simply means a compulsory levy that's imposed on the citizens and businesses by the government.
In this case, the effect that the tax will have on production efficiency is that it will lead to more production and an increase in revenue.
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Why is it important to discuss promptly the results of a supplier visit or survey with the supplier? If a supplier has a weak area, under what conditions would supplier development be appropriate?
Answer:
Unless we share the result with the provider, they will not be able to get it the issues which we are confronting and hence, circumstance will get even more regrettable within the days to come.
Explanation:
It is imperative to examine the result of a provider visit to a supplier since provider must know what are the problems which you're confronting whether it is in terms of quality of item or opportuneness of conveyance or fetched brought about etc.
a) On the off chance that you gave late input to a provider, at that point the greatest impediment would be that he would have as of now dispatched the dispatch and the issues which you had in terms of taken a toll or quality will not be taken care of and hence, you'll have no other alternative but to acknowledge the delivery. In order to anticipate this from happening, you must provide opportune feedback to the provider so that he knows which regions he must move forward. You ought to moreover donate a few kinds of a caution to him that in case the same sorts of botches are rehashed once more, the contract would get cancelled.
b) There are customary methods for rating a provider's execution counting evaluation outlines, audits, system estimations, and programming applications. Marlin Steel tracks provider execution utilizing an altered program he made in QuickBooks Venture Arrangements bookkeeping programming, the Fabricating and Discount release. You can make a diagram where you ask that you possess agents reply to addresses and to rate suppliers and providers. You'll study what number of medicinal exercises you required to issue a supplier or dealer, what number of things you required to scrap or return in light of the reality that the supplier or provider dismissed to meet particulars, or what number of clients protests you got since of a loathsome portion or organization from a dealer. You moreover can screen suppliers and venders by doing a survey sometimes.
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Without our sharing the results with the supplier, they won't be able to understand the problems we are having, which will make the situation even more unfortunate in the days to come.
The issue that needs to be addressed with the supplier.
The outcome of the provider's visit to the supplier must be carefully considered since the provider has to be aware of any issues you may be having with the item's quality, the timing of its delivery, the cost of having it fetched, etc.
If you provided a provider with late input, the biggest obstacle would be that he would have already sent the delivery and any problems you had with cost or quality would have already occurred. not be taken care of and hence, you'll have no other alternative but to acknowledge the delivery. To anticipate this from happening, you must provide opportune feedback to the provider so that he knows which regions he must move forward. There are customary methods for rating a provider's execution counting evaluation outlines, audits, system estimations, and programming applications. You can make a diagram where you ask that you possess agents to reply to addresses and to rate suppliers and providers. You moreover can screen suppliers and vendors by doing a survey sometimes. Respond to addresses, and rate vendors and service providers. Furthermore, you might occasionally conduct a poll to evaluate vendors and suppliers.To learn more about supplier groups, refer to
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As a student of Business Ethics and a managing director of a multinational company, discuss five (5) factors
you will consider in managing the multi-cultural and diversified workforce in Ghanaian business organizations.
Some factors to consider when managing a multicultural and diverse workforce are:
CommunicationEthicConflict managementLearningInclusionHow to manage a multicultural team?It is essential that there are a series of policies and procedures that focus on organizational ethics, creating a culture that promotes diversity and individual values. The manager must be attentive to the needs of the teams, promoting learning and the inclusion of employees in organizational processes.
Therefore, a diverse culture can be beneficial for the exchange of experiences, learning and innovation.
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Please answer the following questions:
1. Maple, a highly motivated entrepreneur plans on applying for a business loan from Bank of
America. She finds out that the percent change in price of business loans increased to 5% last
month. This resulted in a 50% percent change in quantity demanded from 1000 applicants to 500
applicants. What is the business loan's price elasticity?
The price elasticity of the loan taken by the entrepreneur comes out to be 10.
What is the price elasticity of demand?
The price elasticity of demand is an indicator used to determine the sensitivity of demanded quantity with respect to its corresponding price.
Given values:
Change in quantity demanded: 50%
Change in price: 5%
Computation of price elasticity of demand:
[tex]\rm\ Price \rm\ elasticity \rm\ of \rm\ business \rm\ loan=\frac{\rm\ Change \rm\ in \rm\ quantity \rm\ demanded}{\rm\ Change \rm\ in \rm\ price} \\\rm\ Price \rm\ elasticity \rm\ of \rm\ business \rm\ loan=\frac{50\%}{5\%} \\\rm\ Price \rm\ elasticity \rm\ of \rm\ business \rm\ loan=10[/tex]
Therefore, when the change in quantity demanded is 50% with the change in the price is 5%, then the price elasticity of a business loan is equal to 10.
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Tintin Company Limited has recently undergone an extensive re-branding exercise and a new website has been created. As the Director of Human Resource Management, you have been tasked to look at the implications for individuals pursuing a career in Strategic Human Resource Management in an organization. Discuss and analyze the statement.
The Human Resource Management in an organization is important to improve business performance.
What is human resources management?It should be noted that human resources management simply means the strategic approach to the efficient management of people in an organization.
In this case, the Human Resource Management in an organization is important to improve business performance.
Also, they are important to uphold a culture that's inspires innovation.
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Forever Inc. is a confectionery company that manufactures candies. It does not use specific strategies to target children when marketing its products. Instead it uses the same strategies to promote its candies among all consumers in the market. In this scenario, Forever uses a(n) _______.
In the aforementioned illustration, Forever Inc. is said to be employing an undifferentiated targeting approach because it is utilizing the same techniques to market its sweets to all consumers.
What is targeting strategy?A targeting strategy is one adopted by a company or organization with the goal of upselling its products to the market's target audience of its goods and services.
Undifferentiated targeting is the employment of a similar targeting technique to promote products in the market without differentiating between the promotion of the same product to two different audiences.
Hence, option B states about the correct targeting strategy. An image of complete question is added for better reference.
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To what extent is there anything positive to be said for bureaucratic structures? Select a large-scale organization of your choice and suggest ways in which it displays characteristics of a bureaucracy
Answer:
Even though the bureaucratic structure has received a lot of criticism, it has some advantages. Accountability, predictability, structure and job security are just a few to mention. Furthermore, a bureaucratic culture is based on impersonal relationships, discouraging favoritism
Understanding that business organizations can be extremely diverse, identify and explain management strategies to promote motivation and communication
Some management strategies to promote motivation and communication are encouraging group work and having effective communication channels.
Why are motivation and communication important?These two elements make sure employees give the best of themselves and can report/solve problems efficiently.
How to promote these elements?Some strategies that can be used are:
Group work: If employees work together in projects they are more likely to communicate; also, this increases motivation as work is shared.Communication channels: This makes employees they can easily and effective communicate with subordinates, colleagues and superiors in different situations.Learn more about communication in: https://brainly.com/question/22558440
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Project success is defined as adherence to budget, schedule, functionality (performance) and client satisfaction. Under these criteria, cite evidence that suggests the Sochi Olympics project was a success and/or failure.
The evidences provided suggest that Sochi Olympics was a great failure as the estimated cost of the Olympics went up.
What is Budget?Budget refers to the future projections of the income and the expenditure. It tells where the individuals income will be utilized at the given period of time.
There are several evidence available that suggest that the Sochi Olympic was the failure. The budget estimation was the failure as cost went more then $50 billion.
One of the other evidence was the corruption in the several area such as infrastructure, buildings, and roads etc which ended up with highly inflated price tags.
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