Law of Demand
Demand is inversely proportional to the price of the product if all other constraint remains constant.
a ) The price of the product will decrease and also by the law of demand when the demand will increase which cause the quantity of gasoline bought and also sold increase.
b ) It it cause in price increase, which will decrease the quantity of gasoline bought and also sold.
What is demand?
In economics, demand is the quantity of an item that customers are willing and able to purchase at various prices at a certain time and place. The link above relative price demand is sometimes referred to as the demand curve.
Therefore,
If the average price of gasoline is $3.25 per gallon in your town, and gasoline is a perfectly competitive market, explain what might happen and why in your town if the price of gas dropped to $0.50 overnight? what if it jumped to $10 per gallon overnight?
Law of Demand
Demand is inversely proportional to the price of the product if all other constraint remains constant.
a ) The price of the product will decrease and also by the law of demand when the demand will increase which cause the quantity of gasoline bought and also sold increase.
b ) It it cause in price increase, which will decrease the quantity of gasoline bought and also sold.
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14) the following information is available for a company's utility cost for operating its machines over the last four months. month machine hours utility cost january 900 $ 5,450 february 1,800 $ 6,900 march 2,400 $ 8,100 april 600 $ 3,600 using the high-low method, the estimated variable cost per machine hour for utilities is: a) $3.38. b) $6.00. c) $2.50. d) $4.22. e) $6.17.
Variable cost per unit 2.50 =4800/2000
The estimated variable cost per machine hour for utilities is: c) $2.50.
A machine is a bodily gadget using electricity to use forces and manage motion to perform an action. The time period is typically carried out to artificial gadgets, inclusive of the ones employing engines or automobiles, but also to herbal organic macromolecules, which include molecular machines.
A machine together with interrelated parts with separate capabilities, used in the overall performance of a few kind of work: a sewing gadget. mechanical equipment or contrivance; mechanism. Mechanics.
A machine is an aspect this is created by way of humans to make paintings easier. it is a tool or invention which multiplies the impact of human effort. The system produces a mechanical advantage.
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alice finds she no longer is able to pay premiums on her $50,000 whole life policy, but needs that amount of protection for her family. which nonforfeiture option provides this protection?
Alice finds she no longer is able to pay premiums on her $50,000 whole life policy, but needs that amount of protection for her family. Extended term nonforfeiture option provides this protection.
Certain life insurance plans contain a non-forfeiture option (or clause) that states the policyholder will not lose the value of the policy if the policy lapses after a predetermined time owing to missed premium payments.
For instance, if you get an insurance when you're 20 and pay until you're 55, you'll have a term coverage that lasts for less than 35 years. Or you would receive a term policy with a shorter duration if you were 35 years old when you bought your policy and paid until you were 45 years old.
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a company that seeks to provide free bikes to underprivileged kids might put flyers in bike stores, asking for customers to donate their old bikes. this is an example of . select one: a. bribery b. fundraising c. non-profit marketing d. for-profit marketing
A company that seeks to provide free bikes to underprivileged kids might put flyers in bike stores, asking for customers to donate their old bikes. this is an example of Non profit marketing.
A promotional pricing strategy is one of the best ways to generate quick demand for your products or services. In most cases, promo pricing is confined to a tight time frame, creating a sense of urgency and giving the impression that consumers will be missing out if they don't buy soon. A marketing plan is a document that lays out the marketing efforts of a business in an upcoming period which is usually a year.
It outlines the marketing strategy promotional and advertising activities planned for the period . A good place to start is by defining your marketing mix which includes the four Ps Product Price, Place and Promotion. Your marketing strategy will also identify your target audience. This is a smart way for a small business on a limited budget to focus its marketing efforts.
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What is product positioning?
Answer:
Product positioning is the process of deciding and communicating how you want your market to think and feel about your product.
Explanation:
When a product is positioned, it means that its target market's perception of it has been ascertained and communicated. It entails identifying the special qualities and advantages of the product and differentiating it from rivals.
A strategic exercise called "product positioning" seeks to explain how a product fits into the market and why it is superior to complete products. It aids companies in developing a strong and distinctive market position for their goods, which ultimately promotes client preference and loyalty.
Understanding the customer's issue and demonstrating how your product can address it more effectively than rivals are part of this.
As a result, the significance of the product positioning are the aforementioned.
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determine the fixed cost given the following information highest level of activity 850 units 5100 lowest 220 1950
Determine the fixed cost given the following information highest level of activity is $ 200.
If you are trying to get more full of life along with your exercise, strive for swimming laps, walking, or jumping rope. playing singles tennis or cycling quicker than 10 miles per hour additionally qualifies as an excessive-depth pastime. An excessive-stage assessment is one that does not cowl information. It provides a very fundamental and well-known rationalization or presentation of the cloth subject.
In case you're up in a plane, what you spot are only the massive matters, you've got a perspective from an excessive stage. moderate depth sports are described as activities ranging between 3 - 6 METS. these activities require more oxygen consumption than light activities. some examples of slight physical activities consist of: sweeping the floor, on foot briskly, gradual dancing, vacuuming, washing windows, and taking pictures of a basketball. Creativity is the best stage of information. someone who can create new expertise is equipped with present information on a subject.
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X
8 minutes remaining
crazy
Question 14
3 OF 15 QUESTIONS REMAINING
Question 14
1 Point
means that, given the available inputs and technology, it is impossible to produce more of one good without
decreasing the quantity that is produced of another good.
(A) Allocative efficiency
(B) Productive efficiency
(C) Opportunity cost
(D) The law of diminishing returns
1 Point
Las
Answer:
c. opportunity cost
Explanation:
because when the price of quantity increase
jackson manufacturing does not recognize revenue for unshipped merchandise even though the merchandise has been manufactured according to customer specifications.
Realization is a term used in Western psychology, philosophy, and spirituality. and Indian religion.
According to the Western understanding, it is the realization of one's character or personality potential" (see also self-actualization). Realization, according to Indian understanding, is the emancipatory realization of the true self, as the consciousness of the eternal immortal witness, which is the Atman, or as the absence of such an eternal self.
A realization relationship is a relationship between two model elements in which one model element (customer) realizes the behavior specified by another model element (supplier). Multiple clients can implement the behavior of a single provider.
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blake wanted to offer high-quality meals in his restaurant. his motto was "the best darn meat and potatoes for miles around." the locals agreed that the food was good. they also agreed that if you decided to eat there, be prepared to wait. food preparation and service were slow. although blake’s motto stated the business’s competitive advantage, your accurate advice to blake would be
In his restaurant, Blake aimed to serve food of the highest calibre. "The best darn beef and potatoes for miles around," was his catchphrase. The locals pronounced the meal to be excellent. Although blake’s motto stated the business’s competitive advantage, the accurate advice to blake would be:
They also concurred that you should plan on waiting if you chose to eat there. Service and food preparation were both slow. The winning competitive advantage is one that addresses quality and service, despite the fact that Blake's tagline indicated the company's competitive edge.
From the viewpoint of its customers, a company's competitive edge is what distinguishes it from its rivals. These benefits enable a business to attain and maintain stronger profitability, a better growth profile, or increased customer loyalty. The term "protective moat" is frequently used to describe a competitive advantage.
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sheila and joe wells are married with no dependent children. during 2022, they have gross income of $159,800, deductions for agi of $5,500, and itemized deductions of $10,000. the wells' had $22,000 withheld by their employer for federal income tax. they have a tax (due/refund) of $ .
You can choose to itemize your deductions or take the standard deduction when you submit a federal income tax return. The decision you make should be based on the approach that will maximize your tax benefits. Your estimates may also have changed since the Tax Cuts and Jobs Act, signed into law by President Donald Trump in 2017, was passed. Who should itemize under the new tax proposal is shown below. An effective tax strategy for your financial objectives and goals can be achieved with the assistance of a financial counselor.
President Trump and House Republicans collaborated in 2017 to put up a tax reform that would streamline the tax code. On Nov. 2, 2017, they introduced their eagerly anticipated tax law, the Tax Cuts and Jobs Act (TCJA). The measure proposed for significant revisions to the existing tax code.
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if you invest $25,000 at 6% interest, how much will you have in 14 years? use appendix a to calculate the answer.
= 25,000 x (1+0.06)^14
=56,522.5989
Hence, 56,522.5989 is the amount in 14 years.
What is interest?
The preset sum that a borrower or line of credit commercial bank pays to a lender or bondholder other than the principal amount is known as interest in the study of finance and economics. In contrast to any costs the borrower would have to pay the lenders or another party, this is not a fee. Nominal, effective, and bond yields are the three primary categories of interest rates. The declared rate upon which payments are computed is known as the method is recommendable on an investment or loan.
Therefore,
If you invest $25,000 at 6% interest, how much will you have in 14 years? use appendix a to calculate the answer.
= 25,000 x (1+0.06)^14
=56,522.5989
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one of the most significant principles of business is that the primary objective of the executive management of a corporate entity is to engage in strategic actions that increase shareholder value.
Economic dimension is the most significant principles of business
The economic component deals with all of the event firm's and the specific event's economic outputs and externalities. Event researchers are very interested in measuring values that vary from the simpler indirect benefits to the more difficult direct economic repercussions on the host community and the global economy. In the Baseline Evaluation, the organizational processes that have an impact on these values are examined.
Direct effects include observable values like money made from tourism revenues and employment created by the event's organizer. The necessity for a research-based approach to event evaluation is supported by the frequently contested nature of indirect impacts. Measurements of the catalytic or multiplier effects pertinent to the larger region hosting an event are among them.
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is the relative ease and speed with which an asset can be converted into a medium of exchange. quilet
Liquidity is the relative ease and speed with which an asset can be converted into a medium of exchange. Thus the correct option is B.
What is Asset?An asset is regarded as a resource of the company that will be economically valuable in the future and helps with the efficient administration of company operations.
Liquidity is the relative ease and speed with which an asset can be converted into a medium of exchange. Assets like cash and accounts receivable are regarded as being more liquid than stock and infrastructure.
Therefore, option B is appropriate.
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The incomplete question is
________ is the relative ease and speed with which an asset can be converted into a medium of exchange.
A) Efficiency
B) Liquidity
C) Deflation
D) Specialization
select 3 goals or objectives that a leadership plan might include to achieve a solid business strategy.
In order to achieve solid business strategy in the leadership plan, the three goals the leadership plan includes are attracting new customers, increasing revenue, and decreasing cost price.
The three main goals in order to achieve solid business strategy in the leadership plan are targeting and attracting new customers, decreasing the cost price of goods or services being offered, and increasing the revenue.
The detail of these goals is given below:
Attracting new customers is considered an important leadership goal as it increases market share and promotes competition with other brands. New customers are important in terms of sales. It is needed for a business to grow.Increasing revenue It is considered an important leadership goal because the basic purpose of every business is to earn profit. More growth means more profit. If an organization will be able to increase its revenue it will be able to maximize its profit.Decreasing cost price It is considered an important leadership objective because if the sale remains same then the company will earn more profit. The cost is linked directly with profitability. More profit means more growth of the company.Therefore attracting new customers, increasing sales of product and services offered and decreasing cost are considered three goals that a leadership plan must include to achieve business strategy.
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When amazon says, "we want to be earth’s most customer-centric company," it is stating its code of ethics. True or false?.
Answer:
false
Explanation:
they lyin broski
you were the hiring manager for a new position that opened up at your organization. after sifting through nearly fifty resumes, you chose to interview one outside candidate and one internal candidate named joe. both had similar experiences and educational backgrounds, but you ultimately made a job offer to the external candidate due to the fact that she seemed to have more creative ideas about how the department could handle current issues, whereas joe seemed to have little to offer. email joe explaining that he did not get the job, and offer him constructive criticism.
Subject: Application status for the post of senior associate
Dear Joe,
I thank you for applying for the post of Senior Associate here at ABC Company. Meeting you and learning about your credentials and expertise was a joy. I regret to notify you through email that you were unsuccessful in getting the position. We would want to take this opportunity to wish you well in your job hunt even if we are moving on with other applications. We wish you luck for your coming future.
Sincerely
XYZ
Hiring Manager at ABC company
What is meant by constructive criticism?Constructive criticism is straightforward, truthful, and simple to apply. It offers concrete illustrations and solutions for effective positive transformation. This kind of criticism also identifies areas where the receiver may enhance their conduct to reduce potential issues in the future.
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Which type of tax is income tax?
O A. Digressive
OB. Regressive
OC. Progressive
OD. Permissive
Answer:
She is right OC. Progressive
Income tax is a progressive type of tax. The correct option is C.
Why is an indirect tax called regressive?For each and every income level, the rates are the same. A tax that is imposed on all individuals, regardless of income level, is known as a regressive tax since it equalizes payments between low and high earners. Low-income individuals are more negatively impacted by this type of tax than are individuals with high incomes.
This means that the tax rate increases as the income of the taxpayer increases. In other words, people who earn more money pay a higher percentage of their income in taxes than those who earn less. The goal of a progressive tax system is to distribute the tax burden fairly, with those who have more resources paying a larger share of the overall tax revenue.
Thus, the ideal selection is option C.
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in a manufacturing organization, the supply chain is a key value chain whose primary activities include all of the following except:
Answer: Finance and Accounting
Explanation:
In a manufacturing organization, the supply chain is a key value chain whose primary activities include all of the following except finance and accounting.
What is a supply chain?
Supply chain is a network of all persons, organizations, resources, activities and technologies involved in the manufacture and sale of products. The supply chain includes everything from the delivery of raw materials from suppliers to manufacturers to final delivery to the end user.
What role does the supply chain play?
The supply chain consists of the activities involved at each stage, the information communicated, the natural resources transformed into useful materials, human resources and the final product or service. Configure all aspects of the production process, including other components used for.
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consumers now have easy access to internet shopping because of smartphones. technology has caused demand to become more for goods you can purchase at stores like barnes and noble and best buy. this is because the cost of getting price information from other retailers is now . to stay competitive, best buy uses a strategy called where they offer to sell items at competitor prices.
Consumers now have easy access to internet shopping because of smartphones. technology has caused demand to become more elastic for goods you can purchase at stores like barnes and noble and best buy. this is because the cost of getting price information from other retailers is now lower. to stay competitive, best buy uses a strategy called price matching where they offer to sell items at competitor prices.
How has the product become elastic?The elasticity of the products would come into play given that the substitute of this product has been said to be much in the market and there is the convenience of home delivery for the people that use the product.
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you need to buy a car and are considering loans from two banks. bank 1 offers a loan at 7% interest plus an application fee, and bank 2 offers a loan at 7.5% interest plus an application fee. the loan terms are otherwise identical. based on this information, you can conclude that...
From the above information, it can be concluded that Without knowing the application fees, it is impossible to say which bargain is better.
What are application fees?An application fee is money paid to a property owner in order for them to determine eligibility to rent an apartment. Application fees may appear to be a ploy to extract every last penny from tenants, but they serve a function and are rather frequent.
In the above scenario, first bank offers a loan at 7% and second bank offers a loan at 7.5% and both have added the application fees. There is no way to tell which bargain is better without learning the application fees.
Therefore, it can be concluded that application fees amount is necessary to know.
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following is selected financial information of kia company for the current year ended december 31. cash used by investing activities $ (3,000) net increase in cash 750 cash used by financing activities (3,800) cash from operating activities 7,550 cash, december 31, prior year 3,500 required: prepare the statement of cash flows for kia company for the current year ended december 31. (cash outflows should be indicated with a minus sign.)
After making the cash flow statements for the year ended December 31, the Kia company's financial positions show a net increase in its cash by $750.
What is the significance of cash flow statements?Cash flow statements can be referred to or considered as the statements that show the increase or decrease in the cash reserves of a company after making the inflows and outflows throughout the financial period, as the case may be.
Therefore, the significance regarding the cash flow statements for the above situation of the yea ended December 31, has been aforementioned.
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The cash flow statements have been attached as an image for better reference.
ethan allen interiors inc is a leading manufacturer and retailer of furniture and home decorating accessories
Ethan Allen Interiors, Inc. is a main producer and retailer of fixtures and home decorating accessories. Its organization-owned operations include direct materials.
These home decorating accessories as curtains, couch units, cushions, tablecloths, decorative craft products, decorative wrought iron, and so on. those gadgets are commonly utilized in indoor furnishings and formats and might consist of cloth items, paintings, and vegetation.
ornamental accents are a terrific way to add style and beauty to your own home. They may be utilized in any room of the residence, from the living place or bedroom to the toilet and kitchen. From sconces on the wall to candles for the environment, ornamental accents beautify every space with their splendor.
Decorating accessories method any disposable product (i.e., product for unmarried or confined time use) or software which, at the same time as no longer itself a PATENT PRODUCT, is TRANSFERRED to be used along with a PATENT PRODUCT or performance of a PATENT method.
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ralph leases 1,000 square feet in a large warehouse. the lease agreement requires him to pay portions of the landlord's taxes, insurance, and maintenance, in addition to the amount he pays to lease the space. what type of lease does ralph have?
A sizable warehouse that Ralph rents out has 1,000 square feet. In addition to the amount he pays to lease the space, the lease requires him to contribute to the landlord's taxes, insurance, and maintenance costs. Ralph has Three-year net lease.
What is a lease example?
the length of the contract's term or duration. To lease anything is to provide someone a lease on it or to consent to renting someone else's property. When you rent out your apartment to a tenant, that is an example of a lease. When you choose to rent an apartment to live in, that is an instance of a lease.
A Net Lease:
What Is It?
The phrase "net lease" describes a legal arrangement in which, in addition to the rent, the lessee also pays some or all of the property's taxes, insurance premiums, and upkeep expenses. The commercial real estate industry frequently employs net leases.
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Globalization is selecting for interpersonal competencies, including the ability to think and work with others coming from very different racial, linguistic, religious, and cultural backgrounds. True or false?.
Interpersonal skills, such as the capacity to think and work with people from extremely varied racial, linguistic, religious, and cultural backgrounds, are being prioritized by globalization. The assertion is accurate.
Why is it crucial to have interpersonal skills?In both your personal and professional lives, effective interpersonal skills include the ability to communicate with and work with both individuals and groups. Strong interpersonal skills are often possessed by high relationship-builders and team players. They are familiar with their family members, close friends, co-workers, and customers.
Interpersonal competence: What is it?The interpersonal competency domain places a focus on students' capacity for forming connections with one another and the broader community. Competence in this area includes the ability to collaborate and interrelate with others, as well as the ability to create and maintain healthy relationships with others.
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16) margin company has total fixed costs of $360,000 and variable costs of $14 per unit. if the unit sales price is reduced from $24 to $20 and advertising is increased by $10,000, sales will increase from 40,000 to 65,000 units. should margin reduce its per unit sales price and pay for the additional advertising? (support your answer with calculations.)
The total cost per unit will decrease.
The total cost per unit will be decreased when more number of units are produced.
Firstly ,we calculate fixed cost per unit.
Fixed cost per unit = Fixed costs/ New sales produced.
Cost per unit when company has 3600unit of sales= 14700$/3600= 41$cost per unit.
If the company, doubles his sales then the cost per unit is calculated as Fixed cost/No.of sales.
Cost per unit = 131,200$/ 7200
= 18.22$ cost per unit.
So, the total cost per unit is calculated as 42.00$+ 18.22$= 59.22$.
Fixed costs are independent of output, therefore regardless of shifts in production volume, the dollar amount incurred is roughly constant. The recurring occurrence of a company's fixed costs results in a predetermined timetable and dollar amount associated with each cost.
Fixed costs are far more predictable and simpler to prepare for in advance because they must be met regardless of how well sales perform and how much is produced. There is little to no link between production output and total fixed costs, in contrast to variable costs, which fluctuate based on output.
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Provide one word or term for the following: 1.1. A specific amount the insured has to pay every time a claim is made. (2)
Answer: Deductible! Good Luck !
the u.s. department of agriculture predicted that the quantity of oranges produced would be 21% lower than the previous year. if the price elasticity of demand for oranges is -1.5, what impact would hurricane irma have on the price of oranges?
The price elasticity the impact would hurricane Irma have on the price of oranges is a change in price is 16.15%.
Elasticity is, the capability of a deformed fabric frame to go back to its authentic form and length whilst the forces causing the deformation are eliminated. A frame with this ability is said to behave (or reply) elastically.
Elasticity is, the ability of a deformed cloth body to go back to its original shape and length whilst the forces causing the deformation is eliminated. A frame with this capability is said to act (or reply) elastically.
Elasticity is a monetary degree of how touchy one monetary component is to changes in every other. as an example, changes in supply or call for the exchange in price, or adjustments in demand to modifications in earnings.
The price elasticity of demand is calculated as the % change in quantity demanded divided by a % change in price.
As per the information provided in a question
price elasticity =-1.3
% change in quantity = 21%
% change in price=?
therefore -1.3= 21%/ % change price
% change in price= 21/-1.3
=16.15%
% change in price= 16.15%
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jacob owns a policy that pays a death benefit only if he dies within the 20-year policy period. if jacob dies anytime that the policy is in force, his beneficiary will receive $100,000. the premium that jacob pays for this policy will be the same throughout the 20-year policy period. jacob owns:
Jacob owns a policy that pays a death benefit only if he dies within the 20-year policy period. if jacob dies anytime that the policy is in force, his beneficiary will receive $100,000. the premium that jacob pays for this policy will be the same throughout the 20-year policy period. jacob owns A level term policy.
A purposeful set of rules designed to direct behavior and produce logical results is called a policy. A policy is a declaration of intent that is carried out through a method or protocol. Typically, a governance board inside a company adopts policies. Both subjective and objective decision-making can benefit from policies.
A government or other institution's policy may be a legislation, rule, process, administrative decision, inducement, or voluntary practice. Resource allocations frequently reflect policy decisions. Policies in many different industries can affect health.
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desert corporation reports the following information: correction of understatement of depreciation expense in prior years, net of tax645,000 dividends declared480,000 net income1,500,000 retained earnings, jan 1, 20x1, as reported6,000,000 desert should report retained earnings, jan 1, 20x1, as adjusted at group of answer choices $5,355,000 $6,000,000 $6,645,000 $7,665,000
Moormoon correction of understatement of depreciation expense in prior years, net of tax645,000 dividends declared480,000 net income1,500,000 retained earnings, jan 1, 20x1, as reported3,000,000 desert should report retained earnings is $3,375,000.
Retained earnings is an equity account that accumulates the profits generated via the entity and the give up of the accounting cycle. it is elevated by using the amount of income generated for the 12 months and any understatement in retained profits in the earlier yr. it's miles reduced with the aid of affirming dividends and any overstatement in retained income inside the earlier 12 months.
Retained profits are the number of earnings an organization has left over after paying all its direct fees, indirect prices, income taxes, and dividends to shareholders. This represents the portion of the enterprise's equity that may be used, for instance, to put money into a new device R&D, and advertising. Retained income is an accumulation of a business enterprise's net earnings and internet losses over all the years the business has been operating.
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One characteristic of market structures is the easy of entry of new sellers.
True or False
I think it is true i'm like 80% sure
milton friedman's standard for business social responsibility is one that requires a company to do all that it can for its community. group of answer choices true false
False-Milton Friedman's standard for business social responsibility is one that requires a company to do all that it can for its community.
What is business ?Making a living or earning money via the production, acquisition, and sale of items is known as business (such as goods and services). "Any activity or enterprise undertaken into for profit" is also included.
Having a business name does not make the owner of the business any less responsible for obligations that the business incurs. If the company accrues debts, the creditors may seize the owner's personal belongings. Corporate tax rates cannot be used in a business structure. All business profits are subject to personal taxation for the proprietor.
The phrase is frequently used informally to refer to a business, such as a corporation or cooperative (but not by lawyers or government authorities).
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