In the short run, if P > ATC, a competitive firm d) produces output and earns an economic profit.
When do perfectly competitive firms make economic profits?For a perfectly competitive firm to make economic profits, then its prices would have to be more than its total costs. The prices are standard across the industry so perfectly competitive firms need to focus on reducing their costs.
If the Average total costs is more than the price of each unit, then the company would be making economic profit. This would encourage them to produce more of the good.
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in the context of the four organizational cultures suggested by trompenaars, which of the following is a characteristic of family culture?
In the context of the four organizational cultures suggested by Fons Trompenaars, a characteristic of family culture is a strong emphasis on relationships and loyalty. Trompenaars' organizational culture model consists of four types: the Family, Eiffel Tower, Guided Missile, and Incubator cultures.
Family culture, as the name suggests, revolves around close-knit relationships among the members of the organization. In this type of culture, leaders are viewed as parental figures, and the employees often form strong bonds, treating one another like family. The decision-making process in family culture tends to be centralized, with the leader holding significant authority.
Loyalty is a key characteristic of family culture, as employees typically display strong commitment to the organization and its values. This loyalty is reinforced through a sense of belonging and emotional connections among team members, which helps create a supportive work environment. Employees in a family culture often prioritize long-term relationships and cooperation over short-term individual gains.
In comparison, the other three organizational cultures focus on different aspects. The Eiffel Tower culture values hierarchy, structure, and clear roles; the Guided Missile culture emphasizes goal orientation and problem-solving; and the Incubator culture fosters creativity, innovation, and individualism. To summarize, within Trompenaars' organizational culture framework, family culture is characterized by strong relationships, loyalty, centralized decision-making, and a focus on long-term cooperation among employees.
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disadvantages of creative thinking in a workplace
Answer:
This article will dive into what creative thinking is, types of creative thinking, and the benefits of thinking creatively in the workplace. As it happens, it is not the experience of failure that holds you back. There are six major obstacles to creative thinking that could be preventing you from learning how to improve your problem solving skills for business success. Creative thinking and creative thinkers are needed in those situations because it pushes out of that linear way of thinking. To think creatively, set aside any assumptions or biases you may have, and look at things in a completely new way. You don't have to be an artist for your work to have an artistic element. In homeostasis, there seems to be an irresistible unconscious pressure that brings you back to doing what you have always done. This requires the ability to examine things carefully to know what they mean. Thinking The following transcript is based on material in Skills for Success: The Personal Development Handbook, by Stella Cottrell. asked Feb 22, 2018 in Grade 12 by Admin Master (890k points) grade-12; ... discuss the disadvantages of creative thinking. Advantages Of Creative Thinking. Being rational means that we continually use our minds to explain the world to ourselves, so we can understand it better and feel more secure. Here are some of the types of creative thinking you might see in the workplace.
Cooperatives save members money by
O purchasing supplies and services as a group.
securing financing from banks as a group.
O charging more to sell their products as a group.
O sharing all profits democratically as a group.
Answer: A
Explanation: by purchasing supplies and services as a group
Cooperatives save members money by purchasing supplies and services as a group securing financing from banks as a group.
What are cooperatives?Cooperatives are a type of financial institution that is owned and run by members of the cooperative. Each member in the cooperative have equal rights and privileges.
Members in a cooperative save their money and this money is lent out to members at a low level of interest rate.
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A new product costs $.84 each to manufacture and 5.52 each to market. If 50,000 will be sold, what must the price of each product be to provide a profit of 15 percent of the price? O $1.48 O $51.60 O $1.86 O S1.36 O $1.75
The price of each product must be $1.86 to provide a profit of 15 percent of the price.
To calculate the price of each product, we need to consider the manufacturing cost, marketing cost, and the desired profit margin.
Given:
Manufacturing cost = $0.84
Marketing cost = $5.52
Quantity sold = 50,000
Desired profit margin = 15% of the price
Let's assume the price of each product is P.
Total cost = (manufacturing cost + marketing cost) * Quantity sold
Total cost = ($0.84 + $5.52) * 50,000
Total cost = $6.36 * 50,000
Total cost = $318,000
Profit = Price - Total cost
Profit = 0.15 * Price
Setting the profit equal to the desired profit margin:
0.15 * Price = Profit
0.15 * Price = 0.15 * Price
0.15 * P = P - $318,000
0.15P = P - $318,000
0.85P = $318,000
P = $318,000 / 0.85
P ≈ $374,117.65
Therefore, the price of each product must be approximately $1.86 to provide a profit of 15 percent of the price.
To achieve a profit of 15 percent of the price, the price of each product should be set at $1.86.
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don is an attorney who supplied a list of potential clients to a new attorney, lori. this list aided in the success of lori's practice. lori was very pleased and decided to do something for don. in the current year, lori gives don a new car worth $40,000. lori was not obligated to give this gift to don, and she did not expect don to perform future services for the gift. how much income, if any, should don report from this transaction and why?
Don must disclose his $40K in income. Even though there was no obligation to make the payment, the courts are likely to see the car as a payment for goods or services because the present was given in a professional setting.
What is income?Income is an entity's ability to save and spend money during a given period of time, and it is typically expressed in monetary terms. Conceptually, income can be difficult to define, and there may be variations depending on the field. The phrase "income" often refers to the total sum of cash, assets, and other value transfers received over a predetermined period of time in return for goods or services. There isn't a single, accepted definition of income; instead, the term is defined in light of the context in which it is used. Income is the money a person or organisation receives in return for labour, the creation of a good or service, or the use of capital.To learn more about income, refer to:
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as consumer demand for new cars increases, tire makers and steel and aluminum suppliers may experience an increase in demand for their products, which is an example of:
The increase in demand for tire makers, steel and aluminium suppliers is an example of derived demand.
Derived demand is the demand for a good or service as a result of an increase in the demand for another good or service. Labour and raw materials usually have a derived demand.
As the demand for new cars increase, car makers would want to produce more cars in order to meet the increased demand. This would lead to an increase in the raw materials and labour that is needed to make more cars. On the other hand, if there is a decrease in the demand for new cars, there would also be a decrease in the demand for the raw materials and labour that is needed to make more cars.
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According to the video, what tasks are commonly performed by Farmworkers instead of by machines? Select three
options.
weeding
Opruning
preparing soil
transplanting
planting
Answer:
A: weeding
B: pruning
D: transplanting
Explanation:
trust me i just did it
enjoy :)
10. All items are provided under one roof in
retailing.
Need help ASAP please answer this
The sum of the bank's total amount of liabilities and net worth is $5002 million.
How to calculate the values?The sum of the bank's total amount of liabilities and net worth will be:
= Total reserves + Loans + Securities + Other assets.
= 268 + 3653 + 949 + 132
= $5002 million
The additional amount of loans that the bank can make to household and firm is $8 million. This is simply the value of the excess reserve.
The current quantity of transaction deposits at the bank will be:
(Total reserve - Excess reserve) = Transactions deposit × Reserved ratio
(268 - 8) = Transaction deposit × 10%
260 = Transaction deposit × 10%
Transactions deposit = 260/10%
Transaction deposit = $2600 million = $2.6 billion
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I really need help with this asap
please solve!
The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume there are 360 days in a year. P=$5000, r=6.0%, t= 15 mont
The simple interest owed for borrowing $5000 at a rate of 6% for 15 months is $4500.
Simple interest is a fixed percentage of the principal that is lent or borrowed for a period of time. The simple interest owed for borrowing $5000 at a rate of 6% for 15 months is to be determined.
We have the
principal, P= $5000
The rate of interest, r= 6%
Time period, t= 15 months
Let's recall the formula for calculating the simple interest which is given by;
Simple Interest= P×r×t/100
Plugging in the given values in the above formula, we get
simple Interest= 5000 × 6 × 15/100
Simple Interest= 4500
So, the simple interest owed for borrowing $5000 at a rate of 6% for 15 months is $4500.
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What is the minimum amount that a "rational" individual adhering
to standard assumptions of rationality would accept as an offer in
the ultimatum game.
In the Ultimatum Game, a "rational" individual adhering to standard assumptions of rationality would typically accept any offer greater than zero.
Rationality, in the context of the Ultimatum Game, refers to individuals maximizing their self-interest and utility. As a responder in the game, the rational choice would be to accept any fair offer rather than reject it. The responder ensures they receive some money rather than nothing by taking an offer, even if it is not considered "fair" or optimal. From a purely rational standpoint, any fair offer contributes to the responder's self-interest and is, therefore, acceptable.
However, it's important to note that real-world behavior in the Ultimatum Game often deviates from pure rationality. Experimental evidence shows that responders frequently reject offers they perceive as unfair, even if it means receiving nothing. This behavior can be attributed to social preferences, a sense of fairness, and a willingness to punish dishonest behavior. While rationality suggests accepting any fair offer, the actual acceptance threshold in the Ultimatum Game is influenced by various psychological and social factors that extend beyond strict rational decision-making.
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5 time 8
help me pleeeeeeeeeeeeee
Answer:
40
Explanation:
five times eight is forty
Wilson, Inc. , has a current stock price of $44. 50. For the past year, the company had net income of $6,400,000, total equity of $21,610,000, sales of $39,300,000, and 4. 4 million shares of stock outstanding.
A) What are earnings per share (EPS)?
B) What is the price earnings ratio?
C) What is the price sales ratio?
D) What is the book value per share?
E) What is the market-to-book ratio?
Current stock price = $44.50
Net income = $6,400,000
Total equity = $21,610,000
Sales = $39,300,000
shares of stock outstanding = 4.4 million
1. Earnings per share:
= Net income ÷ shares of stock outstanding
= $6,400,000 ÷ 4.4 million
= $1.45
2. Price−earnings ratio:
= Market price per share ÷ EPS
= $44.50 ÷ $1.45
= 30.68
3. Price−sales ratio:
= Market capitalization ÷ Total sales
= ($44.50 × 4,400,000) ÷ $39,300,000
= $195,800,000 ÷ $39,300,000
= 4.982
4. Book value per share:
= Shareholder's equity ÷ shares of stock outstanding
= $21,610,000 ÷ 4,400,000
= $4.911
5. Market-to-book ratio:
= Market value per share ÷ Book value per share
= $44.50 ÷ $4.911
= 9.061
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how a commitment to a decision could assist a school leaver to adapt to the change of entrepreneurship?
The commitment to a decision could assist the schooler leaver to adapt to the change of entrepreneurship by enabling them to remain focused.
What is entrepreneurship?Entrepreneurship refers to the ownership of a business. The entrepreneur is an innovative and insightful person who starts a business to enjoy the advantages accruing from entrepreneurship, including independence.
Thus, the entrepreneur, who wants to reap the profits after bearing some risks, needs to remain focused.
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Which of the following documents must an entrepreneur file to create a limited liability company?
A and C only
Articles of Incorporation
Articles of Organization
Operating Agreement
An entrepreneur must file Articles of Organization and an Operating Agreement to create a limited liability company (LLC).
Articles of Organization are the legal documents required to register an LLC with the state government. These documents contain information about the LLC, such as its name, address, and purpose. They also typically include information about the LLC's management structure, such as whether it is managed by its owners (members) or by appointed managers.
An Operating Agreement is a legal document that outlines the ownership and operating procedures of the LLC. It typically covers topics such as how profits and losses will be divided among members, how the LLC will be managed, and how disputes among members will be resolved.
Therefore, to create an LLC, an entrepreneur must file Articles of Organization with the state government and draft an Operating Agreement that outlines the ownership and operating procedures of the LLC.
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APR is typically higher than the interest rate because
*
1 point
APR is only associated with smaller loans
the interest rate only factors in the principle
interest rate is a better picture of the coast as a whole
APR includes fees and other costs
Answer:mk
Explanation:km
Which type of line advertisements are considered a multi advertising method?
Web banners
Pop-under ads
Floating ads
Tristitial ads
The line advertisements that are considered a multi advertising method is Web banners.
What is advertisements?advertisements can be regarded as the process of promoting the brands of a company.
This advertisement involves different process of making a product known to the potential buyers and this could be a multi advertising method.
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a firm's demand curve for labor is: group of answer choices the upward-sloping portion of its value of the marginal product curve. horizontal for the firm in perfect competition. the downward-sloping portion of its marginal product curve. the downward-sloping portion of its value of the marginal product curve.
a firm's demand curve for labor is the downward-sloping portion of its marginal product curve, option C
Demand curveIt is the graphical representation of the relationship between the price of a certain good or service and the level or amount of demand that consumers experience on it. This process analyzes the effect of prices in the market based on the law of demand, where the slope is negative.
This implies that the curve goes down, because there is an inverse relationship between price and demand: the higher the demand for a product, the lower the price.
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Compared to other methods of managerial control, budgetary control is
commonly used.
widely recognized.
Compared to other methods of managerial control, budgetary control is both commonly used and widely recognized.
Budgetary control involves setting financial targets, monitoring performance against those targets, and taking corrective action when necessary. This method allows managers to align organizational goals with financial resources and to make informed decisions based on financial data. As such, it is a key tool for effective management and is used in many organizations across industries.
The process of budgetary control includes continuous monitoring and comparison of actual results with the budgeted figures. This allows managers to identify any deviations, variances, or discrepancies and take appropriate actions to address them. By regularly reviewing financial data and performance indicators, managers gain insights into the financial health of the organization, enabling them to make informed decisions and allocate resources effectively.
Budgetary control provides a framework for financial planning, coordination, and control within an organization. It helps align the actions and activities of different departments or units with the overall objectives and financial resources of the organization. By ensuring that expenditures are in line with the approved budget and financial targets, budgetary control promotes accountability and helps managers maintain financial discipline.
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Allen Furniture Company is considering offering an inexpensive line of college dorm and apartment furnishings. If they move forward, they will renovate part of their store to accommodate this new stock. Before spending the money to redesign the store, they first want to find out customer interest. In a short response of approximately 100 words, describe some of the steps they should take as they consider this project.
Answer:
Allen Furniture Company should look into conducting a survey to gauge customer interest to find what they look for, need, and find attractive. They could do so by going to college campuses and conducting random interviews. For their apartment furnishings, they could look online to see what kind of product sell and do an analysis of customer interest that way and they could also conduct a survey for people that live in apartments. They could also look into a consultant that specializes in the field and is experienced with what customers like or want.
which of the following will increase investment spending? a. an increase in interest rates b. more optimistic business expectations c. a decrease in capacity utilization
More optimistic business expectations will increase investment spending. Option b.
In order to increase its profitability, a company or business will begin spending more in the economy as its outlook improves. The economy is experiencing an increase in investment spending as a result.
Increased investment spending will be prompted by more upbeat corporate forecasts. Hence, option b is correct.
This is because the investors will see a more effective technique to make money. Hence, the more positively a person views his business expectations, the more will be the rate of investment spending.
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Average inventory 36,800 Opening inventory 22,400 Page 23 of 23 Expenses 8,300 Inventory turnover 3 times Gross profit mark-up 25%
Calculate sales, purchases, closing stock, cost of sales, gross profit, net profit and net profit margin
The calculated values are Sales: $110,400, Purchases: $14,400, Closing Stock: $12,267, Cost of Sales: $2,133, Gross Profit: $533.25, Net Profit: -$7,766.75, Net Profit Margin: -7.03%
Given the information provided, we can calculate sales, purchases, closing stock, cost of sales, gross profit, net profit, and net profit margin. The inventory turnover and gross profit mark-up will be used in the calculations.
To calculate sales, we multiply the average inventory by the inventory turnover:
Sales = Average Inventory x Inventory Turnover
Sales = $36,800 x 3 = $110,400
To calculate purchases, we subtract the opening inventory from the closing stock:
Purchases = Closing Stock - Opening Inventory
Purchases = $36,800 - $22,400 = $14,400
To calculate the closing stock, we divide the average inventory by the inventory turnover:
Closing Stock = Average Inventory / Inventory Turnover
Closing Stock = $36,800 / 3 = $12,267
To calculate the cost of sales, we subtract the closing stock from
purchases:
Cost of Sales = Purchases - Closing Stock
Cost of Sales = $14,400 - $12,267 = $2,133
To calculate gross profit, we multiply the cost of sales by the gross profit mark-up:
Gross Profit = Cost of Sales x Gross Profit Mark-up
Gross Profit = $2,133 x 0.25 = $533.25
To calculate net profit, we subtract expenses from gross profit:
Net Profit = Gross Profit - Expenses
Net Profit = $533.25 - $8,300 = -$7,766.75
To calculate the net profit margin, we divide the net profit by sales and multiply by 100:
Net Profit Margin = (Net Profit / Sales) x 100
Net Profit Margin = (-$7,766.75 / $110,400) x 100 = -7.03%
Therefore, the calculated values are as follows:
Sales: $110,400
Purchases: $14,400
Closing Stock: $12,267
Cost of Sales: $2,133
Gross Profit: $533.25
Net Profit: -$7,766.75
Net Profit Margin: -7.03%
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Abburi Company's manufacturing overhead is 40% of its total conversion costs. It direct laboris $63,600 and if direct materials are $23,800,the manufacturing overhead is:_________
It direct labor is $63,600 and if direct materials are $23,800,the manufacturing overhead is:$25,440
What are conversion costs of production?
Conversion costs are costs of labor incurred and other related expenses incurred in a bid to transform raw materials to finished goods, the only conversion costs in this case is direct labor, which is $63,600, in other words, the Abburi Company's manufacturing overhead is 40% of direct labor costs
manufacturing overhead=40%*direct labor costs
direct labor costs=$63,600
manufacturing overhead=40%*$63,600
manufacturing overhead=$25,440
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Describe a hypothetical government budget that employs an expansionary policy.
Answer:
Expansionary fiscal policy involves strategy which includes tax cutting, rebates and increase spending.
Explanation:
The government budget will be modified to the tax cutting strategies to implement expansionary fiscal policies. This includes increase in spending so that less money is saved and the tax amount on the profit is minimum.
2. How does inflation affect the economy?
The obvious consequence of high inflation is that it makes it more difficult for people to afford basic necessities like batteries and light bulbs. This causes families to struggle as they attempt to keep up with the price of everything from cornflakes to college tuition. With many negative effects resulting from high inflation, that doesn't automatically mean that low inflation is positive for an economy. Low inflation can have a number of negative effects on the economy.Signals economic weakness, limits impact of monetary policy, buffer for deflation is small, Puts pressure on the financial system are the affect of inflation.
When prices for energy, food, commodities, and other goods and services rise, the entire economy is affected. Rising prices, known as inflation, impact the cost of living, the cost of doing business, borrowing money, mortgages, corporate, and government bond yields, and every other facet of the economy.
why is etiquette important in debate tournaments
Some people take the early retirement option at age 62. According to the social security administration,
Answer: The workers who plan to take retirement at the age of 62 then according to the social security the concerned person will receive reduced benefit.
Explanation:
The person can take maximum benefit of retirement if he or she retires at a age of 70. At this age there are lot of benefits (delayed retirement credentials)
If someone takes a retirement at the age of 62 then he or she is taking early retirement.The person can choose to retire at an early but there will be a reduction in benefits which is approximately 30 per cent.
So, retirement at the age of 62 is early retirement according to social security retirement.
(a) The probability that the copier is idle. (Round your answer to four decimal places.)
(b) The average number of administrative assistants in the waiting line. (Round your answer to four decimal places.)
(c) The average number of administrative assistants at the copier. (Round your answer to four decimal places.)
(d) The average time (in minutes) an assistant spends waiting for the copier. (Round your answer to two decimal places.)
(e) The average time (in minutes) an assistant spends at the copier. (Round your answer to two decimal places.)
(f) During an 8-hour day, how many minutes does an assistant spend at the copier? How much of this time is waiting time? (Round your answers to two decimal places.) total time waiting time
(g) Should management consider purchasing a second copier? Explain. (Round your answer to two decimal places.) A total of
The given problem involves analyzing the performance of a copier in an office setting and determining various metrics such as the average number of administrative assistants in the waiting line, and the total time and waiting time for an assistant during an 8-hour day.
To find the required metrics, we need more specific information about the office's arrival and service times. Once we have this information, we can use queuing theory formulas to calculate the results.
The formulas commonly used include the probability that the system is idle (P0), the average number of customers in the system (L), the average number of customers in the queue (Lq), the average waiting time in the system (W), and the average waiting time in the queue (Wq).
To determine if management should purchase a second copier, we need to consider the trade-off between the cost of the copier and the potential improvement in efficiency.
If the current copier's performance metrics are below acceptable thresholds or if the waiting time for the assistants is significantly high, purchasing a second copier may be a viable solution to improve productivity and reduce waiting time.
However, it is important to conduct a cost-benefit analysis to evaluate the financial implications of purchasing and maintaining an additional copier.
Please note that without specific data on arrival and service times, it is not possible to provide numerical values or a definitive answer. The calculations and analysis will depend on the specific data and queuing models used.
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Mention ONE other source of wealth other than inheritance
Answer:
Power is another source other than inheritance.
Hope this helped you!
Explanation: