Vincent's profit on a typical day is $820. Hence option (c) is correct.
What does profit mean?The term profit is the amount of money you have after covering business expenses. Gross, operational, and net profits are hence, the three basic categories of profit. The greatest is gross profit. The business is said to be in the profit if the value left over after expenses are subtracted from revenue is positive, and is in the loss, if the value is negative.
Vincent's total daily income is:
Give:
Passenger Price Daily demand
Adults $18 70
Children $10 25
Senior citizens $12 55
total 150
The total revenue each day = ($18 x 70) + ($10 x 25) + ($12 x 55) = $1,260 + $250 + $660 = $2,170
The total operating costs each day = (150 / 50) x $450 = $1,350
The operating income each day = $2,170 - $1,350 = $820
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The complete question is:
Vincent operates a scenic tour business in Boston. He has one bus that can fit 50 people per tour and each tour lasts 2 hours. His total cost of operating one tour is fixed at $450. Vincent's cost is not reduced if he runs a tour with a partially full bus. While his cost is the same for all tours, Vincent charges each passenger his/her willingness to pay: adults $18 per trip, children $10 per trip, and senior citizens $12 per trip. At those rates, on a typical day Vincent's demand is: Assume that Vincent's customers are always available for the tour; therefore, he can fill his bus for each tour as long as there is sufficient total demand for the day.
Refer to Scenario 15-2. What is Vincent's profit on a typical day?
a. $2,170 b. $1,350 c. $820 d. $660
Kyla goes to a car dealership to purchase a new Honda Accord. She is not willing to pay the listed sticker price for the car, and she instead works with the salesperson and manager until a mutually satisfactory price is agreed upon. This is an example of ____ pricing.
Because Kyla strives to reach a mutually satisfactory price with the dealer, this is an example of negotiated pricing.
Basically, the negotiated pricing implies when a price is agreed after series of bargaining for the supply of a goods or services by the buyer and seller.
The negotiated pricing ensures that both the Buyer and Seller are satisfied on the sales and purchase of the particular product.
Now, because Kyla strives to reach a mutually satisfactory price with the dealer, this is an example of negotiated pricing.
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What is a difference between being cheap and rich?
Which document determines the number of shares in a company?
a stock prospectus
an annual bill of rights
a corporate charter
an annual report
Answer:
C. a corporate charter
A Corporate Charter is document determines the number of shares in a company.
What is Corporate Charter?
Corporate charter is a legal document which is issued with the Secretary of State or registrar in order to establish a company as a corporation and contain every detailed information about company's share. The corporate charter contain information about governance, structure, objectives, operation, other information about the company and information about that total company shares and how much the company is willing to sell.
Therefore, A Corporate Charter is document determines the number of shares in a company
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The resurgence of U.S. manufacturing firms in recent years can be credited to:
A. the government's willingness to implement policies designed to protect U.S. firms from low-cost foreign competition.
B. a decision by many U.S. manufacturers to drastically reduce costs by making more extensive use of mass-production techniques.
C. a number of significant changes in both the production techniques and management styles used by U.S. firms.
D. a relaxation of government laws that has allowed manufacturing firms to merge more easily, thus achieving stronger market positions.
The resurgence of U.S. manufacturing firms in recent years can be credited a number of significant changes in both the production techniques and management styles used by U.S. firms. The correct option C.
The success of U.S. manufacturing firms can be attributed to their adoption of new production techniques such as advanced automation, robotics, and digital manufacturing technologies. These advancements have improved efficiency, productivity, and quality control, allowing them to compete effectively in the global market.
Furthermore, U.S. manufacturers have implemented new management styles that focus on lean manufacturing, continuous improvement, and supply chain optimization. These approaches have helped reduce costs, increase flexibility, and respond to changing customer demands more efficiently.
While government policies, cost reduction efforts, and market consolidation may have played a role, it is the significant changes in production techniques and management styles that have been instrumental in the resurgence of U.S. manufacturing firms. The correct answer is C.
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On January 1, 2019, Billips Corporation purchased equipment having a fair value of $72,054.94 by issuing a $90,000 note, payable in three $30,000 annual installments beginning December 31, 2019.
Required:
Prepare:
a. the journal entry to record the purchase of the equipment.
b. a schedule to compute the annual interest expense.
c. the journal entries to record yearly interest expense and note repayments over the life of the note.
Answer:
a. the journal entry to record the purchase of the equipment.
January 1, 2019, equipment is purchased
Dr Equipment 72,054.94
Dr Discount on notes payable 17,945.06
Cr Notes payable 90,000
b. a schedule to compute the annual interest expense.
Since we are not given any type of interest rate to compute the amortization of the discount of notes payable using the effective interest method, I will use straight line amortization. Amortization of interest expense per year = $17,945.06 / 3 = $5,981.68
interest expense for year 1 = $5,981.68, carrying value of discount on notes payable = $11,963.38interest expense for year 2 = $5,981.68, carrying value of discount on notes payable = $5,981.70interest expense for year 3 = $5,981.70.c. the journal entries to record yearly interest expense and note repayments over the life of the note.
December 31, 2019, accrued interest expense
Dr Interest expense 5,981.68
Cr Discount on notes payable 5,981.68
December 31, 2020, accrued interest expense
Dr Interest expense 5,981.68
Cr Discount on notes payable 5,981.68
December 31, 2021, notes payable is paid off
Dr Notes payable 90,000
Dr Interest expense 5,981.70
Cr Cash 90,000
Cr Discount on notes payable 5,981.68
rafael tells his friends that he wants to sell his party barge for $30,000. rafael has some flyers made up with a picture of the party barge, a description of the features, and the price. andre obtains one of the flyers and contacts rafael about purchasing the party barge. rafael draws up a contract and mistakenly lists the price of the party barge at $20,000 instead of $30,000. rafael and andre both sign the contract. when andre brings $20,000 to purchase the party barge, rafael discovers his mistake. will rafael be able to rescind the contract?
The situation described involves a mistake in the contract between Rafael and Andre. Whether or not Rafael can rescind the contract depends on the jurisdiction and laws that govern the agreement.
In some jurisdictions, if a mistake is made in the contract, it can be voided if it is considered a material mistake and both parties are unaware of the mistake at the time of signing. In this case, Rafael's mistake in listing the price of the party barge at $20,000 instead of $30,000 could be considered a material mistake.
However, the mistake may not be considered material if it is determined that Rafael and Andre both had knowledge of the correct price at the time of signing the contract. In that case, the contract may not be voided and Rafael may have to sell the party barge for $20,000.
Ultimately, it would be best for Rafael to consult a legal expert or attorney to determine the specific laws and circumstances that apply to his situation and whether or not he can rescind the contract.
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Expanding Access to Capital for Rural Job Creators Act.
The Expanding Access to Capital for Rural Job Creators Act would require the Securities and Exchange Commission to submit an annual file on the capital challenges rural small groups face and enable Congress to decide if legislative action is needed.
Expanding Access to Capital for Rural Job Creators Act.U.S. Congressman Henry Cuellar’s (D-TX-28) bipartisan Expanding Access to Capital for Rural Job Creators Act handed in the House of Representatives. Congressman Alex X. Mooney (R-WV-2), Congressman Chris Pappas (D-NH-1), and Congresswoman Teresa Leger Fernandez (D-NM-3) co-sponsored the Act to survey the issues small groups in rural areas face when attempting to get right of entry to capital.
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The tiny town of Nemo has three neighborhoods located on a straight line: Neighborhood 1, Neighborhood 2, and Neighborhood 3, with Neighborhood 2 located equidistant between Neighborhood 1 and Neighborhood 3. There is one daycare center, located on Neighborhood 1. There are 10 families residing in each neighborhood, and each family has one child. Each family is willing to pay $70/day for daycare, and prefers daycare closest to its own neighborhood (though at current distances, families will purchase daycare services even if it’s two neighborhoods away). Families are indifferent between any two daycares in the same neighborhood. Suppose that daycare costs $30/day per child to provide. A new daycare center is thinking of opening in Nemo. If both daycares will keep their price at $70/day, which neighborhood should the new daycare open in?
Answer:
Neighborhood 2
Explanation:
Based on the information given if NEIGHBORHOOD 2 is located between Neighborhood 1 and Neighborhood 3 which means that in a situation where both daycares decide to keep their price at the amount of $70/day, the neighborhood that the new day care should open in is NEIGHBORHOOD 2 reason been that with NEIGHBORHOOD 2 all the families living in both Neighborhoods 2 and Neighborhoods 3 will be attracted to Neighborhoods 2 and on the other hand won't not be attracted to Neighborhood 1, for the amount of $800/day which is calculated as:
(10 Families *2) * ($70 for day care - $30 per child)
20*40= $800/day
Therefore the neighborhood that the new daycare should open in is NEIGHBORHOOD 2
Carolyn bought 200 shares of stock at $30 per share ($6,000 total). She paid $3,000 in cash and borrowed $3,000 from the brokerage firm. The loan has an annual interest rate of 5 percent. Six months later, she sold the stock for $40 per share. Carolyn paid a commission of $120 and repaid the loan. Her net profit was $
Carolyn's net profit from her investment was $1,805.
Data and Calculations:Investment in 200 shares at $30 per share = $6,000
Loan from brokerage firm = $3,000
Annual interest rate = 5%
Interest expense for 6 months = $75 ($3,000 x 5% x 6/12)
Proceeds from the sale of the investment = $8,000 ($40 x 200)
Commission to brokerage firm = $120
The Gross profit from the sale of the investment = $2,000 ($8,000 - $6,000)
The Net profit from the investment = $1,805 ($2,000 - $75 - $120).
Thus, Carolyn's net profit from her investment was $1,805.
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Hey everyone, I just thought you all should know that...
you are AMAZING
you are BEAUTIFUL
you are SMART
you are KIND
you are NOT going to give up on your FIGHT
and you better stay ALIVE!!! <33
Answer:
thanks lol
you too-
multiple select question select all that apply which are reasons why mobile marketing is increasingly important for marketers? (choose every correct answer.) multiple select question. a. the majority of people who own smartphones make purchases on these devices. b. app functionality has plateaued, making supplemental marketing crucial. c. mobile app downloads are growing. d. consumers spend billions of dollars using apps.
Mobile marketing has become increasingly important for marketers due to several reasons. Firstly, the majority of people who own smartphones make purchases on these devices, which indicates the growing trend of mobile commerce.
Secondly, while app functionality has plateaued, it has become crucial for marketers to use supplemental marketing techniques to reach their target audience. Thirdly, mobile app downloads are consistently growing, which implies that consumers are spending more time on their mobile devices than ever before. Lastly, consumers are spending billions of dollars using apps, which signifies the potential revenue that can be generated through mobile marketing efforts. All these factors make it imperative for marketers to prioritize mobile marketing in their overall marketing strategy.
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a ______ company is one that does business in at least one country outside of its country of origin.
Answer:Multi national company
Explanation:
This blank can be filled with the Multinational company. A multinational company is commonly known as MNC. MNC operates the business in many different countries at the same time.
How globalization has affected the business of MNC?Globalization is a word that describes the interdependence of the world economy, culture, population, investment, technology, goods, and service.
Globalization boosts the business of MNC. There are fewer restrictions, tariffs, and government intervention in international trade. It increases production and motivates companies to set up the firm in less developed countries.
Therefore due to Globalization world economy become a local market.
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Your company has sent you an email telling you your department must increase the daily output goal of 120 widgets per hour, to 126 widgets per hour. Everyone on your team recognizes more efficient production will lead to more profit for the company, and a higher chance for a raise for each of them. As usual, you will hold a brief meeting explaining the new directive and provide the deadline as to when this new daily production goal must be met with regularity. The meeting ends after a couple of clarifying questions and answers, and you and your employees get back to work on meeting the deadline for the new goal. What management theory best describes the management style of this company? What leadership style will you employ to get the required increase in production of widgets your company requested? Why is this leadership style the best fit for this scenario?
Answer:
Participative Leadership style.
Explanation:
Participative leadership, also known as democratic leadership, is one in which the leader has the central focus of employee engagement and participation in important company decisions. In this style of leadership, the manager has a crucial role of being the main motivator and advisor of the team, being solicitous to guide, coordinate and assist his subordinates in all their work demands, so that the goals and organizational goals are achieved.
This style of participatory leadership would be more appropriate for this scenario as there are deadlines for completing tasks, which requires a motivated and productive team, which is essential in participatory leadership.
The motivation of employees is achieved due to clear and guiding communication from the leader, which creates the perception of inclusion and appreciation of the employee, who feels an essential and important part of the organization.
Who is the leader of EG
Answer:
The company, the U.S. unit of U.K.-based EG Group Ltd has named George Fournier as its new president.
Which of these questions can an agent in a dual agency transaction answer without breaching her duties to either client?
a) Are you aware of any structural issues with the property?
b) How much should my counter-offer to the buyer be?
c) What repairs or concessions should I ask for from the home inspection?
d) What should I agree to fix from this list the buyer sent?
In a dual agency transaction, where the agent represents both the buyer and the seller, there are limitations on the information and advice the agent can provide to avoid breaching their duties to either client.
The specific regulations and laws regarding dual agency can vary depending on the jurisdiction, so it is important to consult local real estate regulations and seek professional legal advice for accurate guidance.
Generally speaking, in a dual agency situation, an agent may be limited in answering questions that require them to provide advice, recommendations, or opinions that may favor one client over the other. The agent's primary duty is to act in the best interests of both clients and maintain a neutral position.
Based on this understanding, the question that an agent in a dual agency transaction can answer without breaching their duties to either client is:
a) Are you aware of any structural issues with the property?
This question seeks factual information about the property, which the agent can provide based on their knowledge or disclosure requirements.
The other questions (b, c, and d) involve giving advice, recommendations, or opinions, which can be challenging for an agent in a dual agency situation. To avoid conflicts of interest, it is advisable for each party to seek their own representation (i.e., buyer's agent and seller's agent) who can provide personalized advice and advocacy in their best interests.
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Before ordering used parts for a repair, a technician
should get
approval from the ____.
Your mother received a solicitation telling her that she would only pay 1% interest a month on a credit card offer. She is unsure about how much she might pay in interest on an annual basis. What is the APR on this credit card solicitation?
a) 12%
b) 12.5 %
c) 12.68%
d) 11.87%
The APR on this credit card solicitation is 12%
What is a good credit card APR?Simply put, APR is the cost of borrowing money on a credit card. It is the annual interest rate you will pay if you carry a balance on your credit card, and it often varies from card to card. For example, you could have one card with a 9.99% APR and another with a 14.99% APR. Credit card companies consider your credit score when calculating your APR, with a higher credit score generally resulting in a lower interest rate. Credit cards frequently have variable APRs, which means your rate can change over time. Variable interest rates are linked to an underlying index, such as the federal prime rate, which is the lowest interest rate at which banks will lend money.
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Which of the following symptoms is NOT associated with an allergic reaction?
Trouble breathing
Anxiety
OOO
Fainting
Screaming
When one is having an allergic reaction to something, one symptom that is not expected is Screaming.
An allergic reaction usually leads to the following:
Person has trouble breathing Person develops anxiety Person might faintIt is not a usual thing that a person will scream as a result of an allergic reaction.
We can therefore conclude that screaming is not associated with allergic reactions.
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rosa deposits $100 in a bank account that pays an annual interest rate of 20 percent. a year later, after rosa has accumulated $20 in interest, she withdraws her $120. rosa’s purchasing power
Rosa's purchasing power is $100.
Rosa initially deposits $100 in a bank account that pays an annual interest rate of 20 percent. After one year, she accumulates $20 in interest, bringing the total balance in her account to $120. She then decides to withdraw the entire amount of $120.
However, it is important to note that the purchasing power refers to the ability to buy goods and services. In this case, the interest earned on Rosa's deposit does not affect her purchasing power. The interest earned is simply an increase in the account balance, but it does not change the value of money in terms of purchasing goods and services.
Therefore, regardless of the interest earned, Rosa's purchasing power remains the same as her initial deposit, which is $100.
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What accounts are affected. issued check $644 to pay for an advertisement
Answer:
Bank and Advertisement accounts
Explanation:
Journal entries
Advertisement A/c Dr $644
To Bank A/c $644
(Being advertisement expenses made by cheque)
Bank and Advertisement accounts are affected
Marla is a buyer at a major corporation. Although she is authorized to make purchasing decisions on her own, she often seeks the input of trusted colleagues before settling on a decision. What type of buying center does Marla participate in
Answer:
Consultative
Explanation:
I did this question
Briefly explain the laws that apply to the promotion of this product/service.
Explanation:
Product promotion is the act of advertising a good or service with the goal of increasing sales. Many companies use different techniques to promote their products through a vast array of communication media.
Whoever answers gets brainlist!
Sub chapter s corporations have almost no restrictions and are easily formed and operated. true or false
Answer:
false
Explanation:
S corporation form of business ownership is one type of corporation. It is a corporation whose shareholders have elected to become an S corporation. The formation of this form of business structure is not easy. First, a corporation is formed as per the requirements of the laws. Some requirements include drafting of articles and memorandum of association, appointing directors, and registering the corporation.
The shareholder can then apply to be an S incorporation if they meet the requirement. Some of them are
1. Should not have more than 100 shareholders
2. Shareholders should be individual or some exempt entities.
3. Have one class of stock
suppose banks increase excess reserves by $ 706559 . if the reserve ratio is 8.0 percent, what is the maximum increase in the money supply?
The maximum increase in the money supply, when banks increase excess reserves by $706,559 and the reserve ratio is 8.0 percent, would be $8,831,987.50
To calculate the maximum increase in the money supply, we can use the money multiplier formula. The money multiplier is the reciprocal of the reserve ratio. In this case, the reserve ratio is 8.0 percent, which is equivalent to 0.08 as a decimal. The reciprocal of 0.08 is 1/0.08 = 12.5.
Next, we multiply the increase in excess reserves by the money multiplier. In this scenario, the increase in excess reserves is $706,559. So, the maximum increase in the money supply can be calculated as follows:
Maximum increase in the money supply = Increase in excess reserves * Money multiplier
= $706,559 * 12.5
= $8,831,987.50
Therefore, the maximum increase in the money supply, when banks increase excess reserves by $706,559 and the reserve ratio is 8.0 percent, would be $8,831,987.50. This means that the money supply can potentially expand by that amount based on the given changes in reserves and the reserve ratio.
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When Fidelity partnered with the Capital Good Fund to service loans to disadvantaged communities, this was an example of______________.
Answer:
Community Development Financial Institutions
Explanation:
Community development financial institutions are a coalition of financial institutions that come together to provide low cost loans to disadvantaged communities that are made up of low-income earners and areas of low wealth.
The focus of CDFIs is community development and not profit maximisation.
Indices such as job creation and retention are used as a yardstick for how successful a CDFI is.
Fidelity partnering with the Capital Good Fund to service loans to disadvantaged communities is an example of a CDFI
An agreement to exchange interest payments based on a fixed payment for those based on a variable rate (or vice versa) is known as a/an ________.
The agreement to exchange interest payments based on a fixed payment for those based on a variable rate (or vice versa) is known as an "interest rate swap."
In an interest rate swap, two parties agree to exchange their interest payment obligations, typically over a specified period of time. One party pays a fixed interest rate while the other pays a variable interest rate, based on a reference rate such as LIBOR (London Interbank Offered Rate). This allows both parties to manage their interest rate exposure and potentially reduce their interest costs.
The terms of the swap, including the notional amount, payment frequency, and termination date, are determined in the agreement. Interest rate swaps are commonly used by companies, financial institutions, and investors to hedge against interest rate fluctuations or to take advantage of differing financing needs.
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Submit your 300-word essay that thoroughly analyzes a problem that was solved through social media and provides your opinions on the impact social media use had on the issue. a definition of the problem-- what it is; an analysis of the problem-- what caused it and what the major issues are; how social networking was used to solve the problem; your opinions on how social media made it easier to solve the problem; and your sources.
Explanation:
Social media are tools that significantly impacted the relationship between companies and consumers, one could even say that they revolutionized this relationship.
Companies managed to get closer to their target audience in order to build a relationship that means increasing brand value, consumer loyalty and engagement on social networks. The so-called relationship marketing is a double path with benefits for both the client and the company, due to the fact that with greater proximity between them, there is a greater possibility for the client to have their issues with the brand resolved in less time, as for the brand to carry out instant and cheap advertising that reaches its potential audience almost at the same time.
Therefore, a problem that may have arisen, for example, a product purchased through a website that came with a manufacturing defect can be communicated directly to the company through its social media and the consumer can get a much quicker and less answer bureaucratic, and thus be able to exchange that piece or guarantee the refund of your money and solve your problem much more easily.
Human resources is about trying to
find the best way to utilize which of
the following for the benefit of the
company overall?
A. loans
B. products
C. people
Answer:
I think b is that the answer
Click this link to view O*NET's Work Activities section for Registered Nurses. Note that common activities are listed
toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some
common work activities performed by Registered Nurses? Check all that apply.
communicating with supervisors, peers, or subordinates
making decisions and solving problems
repairing and maintaining mechanical equipment
drafting technical devices
assisting and caring for others
O documenting/recording information
Answer:
acdf
Explanation:
Answer:
C,D,E
Explanation:
right on Edge
According to economists,
almost everything we do
has costs and benefits.
Identify the costs and
benefits of each of the
following: getting a dental
checkup and getting an
extra hour of sleep.
A cost means the amount of money or resources expended on something while a benefit means the thing that we gain from an actitivy.
What is C & B of getting a dental checkup?The benefits of going to the dentists is to get your teeth cleaned but the cost is paying for the dentist and maybe going for another checkup.
What is C & B of getting an extra hour of sleep?The benefits of getting an extra hour of sleep is that you will be more alert in the morning but the cost is you get less time to do things.
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