A cost that has already been incurred and should not be considered while making economic choices is called a sunk cost. A sunk cost refers to expenses that have been paid or invested in the past and cannot be recovered.
These costs should not be factored into future decision-making because they are irretrievable and cannot be changed. For example, let's say a business has invested a significant amount of money in developing a new product, but the market conditions have changed, and the product is no longer profitable.
The money already spent on developing the product is a sunk cost and should not influence the decision to continue producing it. Instead, the business should focus on current and future costs and benefits when making economic choices. By disregarding sunk costs, businesses can make more rational and objective decisions based on current circumstances.
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Question 7 of 10
Which of the following is a tax-advantaged savings plan designed to
encourage savings for future college costs?
A. University plan
B. 529 plan
C. Scholarship plan
D. 592 plan
Answer:
It is the 529 plan to save money for college.
Explanation:
where should be the business registered legally?
Chips of Joy, a leading chocolate chip cookie manufacturer, has decided to use the same marketing strategy and marketing mix worldwide for all of its brands. The only change that will be made is language translation on the various packaging. Chips of Joy is using a(n) ________ marketing strategy.
If the only change that will be made is language translation on the various packaging. Chips of Joy is using a(n) standardized global marketing strategy.
What is marketing strategy?Marketing strategy can be defined as the strategy applied when creating awareness about a product so as to generate more sales.
Standardized global marketing strategy enables companies to market or promote their product or brand internationally or across the globe.
Therefore Chips of Joy is using a(n) standardized global marketing strategy.
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Explain the connection between the terms "division of labor" and "specialization".
Answer:
Division of labor leads to specialization
Explanation:
Division of labor refers to the process of subdividing work into small tasks. In the division of labor, the production process is divided into different stages. Each stage requires a specific task to be performed. Workers are assigned specific tasks depending on skills and abilities.
The division of labor leads to an increase in productivity. Each worker performs a regular task, using familiar tools. In time, the worker becomes an expert in what they do, thereby increasing productivity. Division of labor leads to specialization. When work is subdivided into tasks and assigned to a specific worker, the assigned employee specializes in that task. Specialization is the practice of focusing on a single or very few activities that one is good at doing.
Which of the following is part of the cost of goods or services sold for a company that paints people's homes?
A. Paint
B. Flyers to promote the company
C. A van to travel to people's homes
D. Fuel for the van
Answer:
A. Paint
Explanation:
Paint is a part of the cost of goods or services sold for a company that paints people's homes. Thus, the correct option is A). Paint.
What is the cost of goods sold?COGS stands for the Cost of Goods Sold. Cost of goods sold refers to the direct costs of producing the goods sold by a company. It is the total amount or cost that is incurred in the production of the goods. The sum of amount that a business paid as a cost directly related to the sale of products, is known as COGS.
Cost of goods sold is the total carrying value of goods sold during a particular period. This amount mainly includes the cost of the material, labor, machinery etc. that are directly used to create the good. It also includes the indirect cost such as marketing cost, distribution cost, sales cost etc.
Basically, cost of goods sold can be calculated by the given formula i.e. COGS = the starting inventory + purchases – ending inventory.
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Jenna Parker owns and manages her single member LLC (which she taxes as a sole proprietorship) that provides services to her clients (i.e., specified service business). Her LLC reports net income of $100,000 after all applicable deductions, W-2 wages of $30,000, and assets with an unadjusted basis of $100,000. She is unmarried without dependents, and receives qualified dividends of $50,000. Assuming Jenna's itemize deductions are $10,000, what is her QBI deduction for the current year?
Answer:
am 30$ Jenny Parker owns and manqges
Which of the following is an indirect competitor for a company that makes chocolate chip cookies? A. Another company that makes chocolate chip cookies B. A company that makes potato chips C. A company that makes baking pans D. A company that makes brownies
Answer:
The indirect competitor for a company that makes chocolate chip cookies is;
D. A company that makes brownies
Explanation:
Where two companies or vendors produces or supplies entirely different products that however work to satisfy the same customer need then the two companies or vendors are in indirect competition
In the question, we have;
The product of the company = Chocolate chip cookies
Therefore, an indirect competitor of the company will be make a maker of a different product of the same utility as the chocolate chip cookies, which gives;
The indirect company = A company that makes brownies
This is so because, a brownie, which is also known as a chocolate brownie, consists of a rectangular or square shaped baked chocolate that can include a variety of ingredients, including chocolate chips, cheese and nuts.
Answer:
D A company that makes brownies
Explanation:
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If a firm wished to maximize total revenues, it should produce where: a. marginal revenue is equal to marginal cost. b. marginal revenue is zero. c. marginal cost is zero. d. marginal revenue is equal to price.
Answer:
A. marginal revenue is equal to marginal cost
If a firm wished to maximize total revenues, it should produce where marginal revenue is equal to marginal cost. Thus, option A is correct.
What is the marginal cost?The marginal cost is the rise in production costs caused by the manufacture of more product units. It's also referred to as the marginal cost of manufacturing. Measuring the marginal cost enables businesses to determine how volume produced affects cost and, eventually, profits.
The marginal cost is the incremental cost of producing an additional item. Assume that it costs $100 to produce 100 vehicle tires. It would cost $80 to create one extra tire. This is the marginal cost: the cost of producing one more unit of an item or service. The marginal cost is determined by the costs of production.
To maximize overall revenues, a company should create where marginal revenue equals marginal cost. As a result, option A is correct.
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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 :)
which of the following statements is correct? which of the following statements is correct? a large portfolio of randomly selected stocks will have a standard deviation of returns that is greater than the standard deviation of a 1-stock portfolio if that one stock has a beta less than 1.0. if you add enough randomly selected stocks to a portfolio, you can completely eliminate all of the market risk from the portfolio. a large portfolio of randomly selected stocks will always have a standard deviation of returns that is less than the standard deviation of a portfolio with fewer stocks, regardless of how the stocks in the smaller portfolio are selected. a large portfolio of stocks whose betas are greater than 1.0 will have less market risk than a single stock with a beta
Option (b), Compared to a portfolio with just that one stock, a big portfolio of randomly selected stocks will have a higher standard deviation of returns if the beta of each stock is less than 1.0.
What will happen if you add a few stocks to your portfolio at random?It will significantly lessen the unsystematic risk that the company faces if the equities in which it should invest are chosen at random.
What is the beta of a portfolio that includes a lot of stocks chosen at random?A portfolio made up of a lot of stocks that were chosen at random has a beta of one. A portfolio of this type has a standard deviation that is equal to the market standard deviation.
What happens when the number of stocks in a portfolio rises?Each stock you add lowers the risk profile of your portfolio. The eventual inclusion of shares may also result in a reduction in the expected returns on your portfolio. The benefit of risk reduction diminishes and your expected returns fall off once you reach a certain number of stocks.
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What is institutional advertising focused on promoting?
A. A company
B. The Internet
C. A service
D. A good
Please select the best answer from the choices provided
Answer:
Product advertising focuses on promoting specific individual products while institutional advertising focuses on your overall brand
Answer:
A. A company
Explanation:
Right on EDGE 2021
Refer to Exhibit 4.1. What is the firm's total debt to total capital ratio? Do not round your intermediate calculations.
a. 35.35%
b. 53.02%
c. 57.67%
d. 46.51%
e. 36.74%
The question is about the financial leverage ratio which is total debt to total capital.
The correct answer to the given question is D. 46.51%
ExplanationThis ratio measures the financial leverage of a company. It assess how much asset of a company are financed by debt.
FormulaThe formula to calculate total debt to total capital ratio is :
Total Debt [ Long term + Short Term] / Total Capital
If the total debt of the company is 29,060 and total capital is 62,481,
29,060 / 62,481 = 46.51%
The correct option is d. 46.51%
The exhibit 4.1 is found on quizlet website.
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Six months ago, Alexander opened a new branch office of his company, Ty-D-Homes, in San Francisco. The San Francisco office is his sixth office—he already had three offices in Los Angeles and two in San Diego. His business provides home cleaning services for busy working people and families. The cleaning industry is booming, and Alexander’s customer base has been steadily climbing. However, even with the growth in absolute customer numbers that Alexander has been experiencing, he knows that his market share is dwindling. In other words, his competitors are growing at a pace faster than his. Alexander’s sense is that this is due to their higher customer retention rates. Since the industry as a whole is growing, both he and his competitors are acquiring new customers at a steady rate, but because his competitors are better able to hold on to their customers, their growth is outpacing his. Whereas it is tempting for Alexander to focus on his steadily climbing customer numbers and ignore his dwindling market share and low customer retention rates, he knows that this would be devastating to his future success. Like all business owners, he understands that customer retention is crucial to profitability. He also realizes that low customer retention rates are a signal that things are not going as well in his business as he would like them to be. Alexander knows he needs to address this problem head-on. Why is he losing customers? Who is he losing, and why?
Alexander needs to prioritize addressing the low customer retention rates to ensure future success. By improving service quality, communication, and customer satisfaction, he can enhance customer loyalty and regain market share.
Alexander is losing customers primarily due to low customer retention rates. While his company is acquiring new customers, his competitors are better able to hold on to their existing customers, leading to a faster growth rate for his competitors and a dwindling market share for Alexander. This indicates that his competitors are providing a higher level of customer satisfaction and building stronger customer loyalty.
To identify who Alexander is losing as customers, it is crucial to analyze the factors that contribute to customer retention. It could be that his company is failing to meet customer expectations in terms of service quality, reliability, or responsiveness. Poor communication, lack of personalized attention, or inconsistent service delivery could also be factors driving customers away.
Additionally, Alexander should consider the competitive landscape. His competitors might be offering better pricing, promotional offers, or additional services that attract customers away from Ty-D-Homes. Conducting market research and analyzing customer feedback can provide valuable insights into why customers are choosing competitors over his company.
In conclusion, Alexander needs to prioritize addressing the low customer retention rates to ensure future success. By improving service quality, communication, and customer satisfaction, he can enhance customer loyalty and regain market share. It is crucial for him to understand why customers are leaving and to adapt his business strategies accordingly, keeping in mind the changing needs and expectations of his target market.
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What are the benefits of having adult learners work collaboratively on projects and assignments in a higher education classroom? What are the challenges? How could you overcome these challenges? How can you implement collaborative work in the online classroom?
Collaborative work in higher education classrooms offers several benefits for adult learners, including enhanced learning, skill development, increased engagement, and social interaction. However, challenges such as scheduling constraints, varying levels of commitment, and conflict resolution
Benefits of Collaborative Work for Adult Learners in Higher Education:
Collaborative work can offer several benefits for adult learners in a higher education classroom:
1. Enhanced Learning: Collaborative projects and assignments provide an opportunity for adult learners to engage actively in the learning process. Through collaboration, they can share their diverse perspectives, knowledge, and experiences, leading to a deeper understanding of the subject matter.
2. Skill Development: Collaborative work promotes the development of essential skills such as communication, teamwork, problem-solving, critical thinking, and leadership. These skills are highly valued in professional settings and can contribute to the overall growth and employability of adult learners.
3. Increased Engagement and Motivation: Working together on projects can increase engagement and motivation among adult learners. Collaborative activities foster a sense of ownership and responsibility for their learning, making it more meaningful and enjoyable.
4. Social Interaction and Networking: Collaborative work allows adult learners to interact with their peers, build connections, and expand their professional networks. This social aspect of collaboration can enhance their overall learning experience and contribute to their personal and professional growth.
Challenges of Collaborative Work for Adult Learners:
While collaborative work has numerous benefits, there can be challenges that adult learners may encounter:
1. Scheduling and Time Constraints: Adult learners often juggle multiple responsibilities, such as work and family commitments. Coordinating schedules and finding mutually convenient meeting times can be a challenge for collaborative work.
2. Varying Levels of Commitment and Expertise: Adult learners come from diverse backgrounds and may have different levels of commitment and expertise. Balancing these differences and ensuring equal participation and contribution from all team members can be a challenge.
3. Conflict Resolution: Collaborative work may lead to differences in opinions, conflicts, or disagreements among team members. Resolving conflicts effectively and maintaining a positive working environment is essential for successful collaboration.
Overcoming Challenges and Implementing Collaborative Work:
1. Clear Expectations and Guidelines: Establishing clear expectations, guidelines, and roles for collaborative projects can help mitigate challenges. Clearly communicate the project objectives, individual responsibilities, deadlines, and the expected level of collaboration.
2. Effective Communication Channels: Provide various communication channels for team members to interact and collaborate. This can include online discussion forums, group messaging platforms, and video conferencing tools. Ensuring regular communication and fostering an open and inclusive environment are crucial.
3. Facilitator or Instructor Support: The presence of a facilitator or instructor who can provide guidance, support, and feedback throughout the collaborative process can be beneficial. They can address conflicts, offer suggestions, and ensure that the collaborative work stays on track.
Implementing Collaborative Work in the Online Classroom:
1. Use Online Collaboration Tools: Leverage technology tools specifically designed for online collaboration, such as virtual workspaces, shared documents, and collaborative platforms. These tools enable real-time collaboration, file sharing, and feedback exchange among team members.
In summary, collaborative work in higher education classrooms offers several benefits for adult learners, including enhanced learning, skill development, increased engagement, and social interaction. However, challenges such as scheduling constraints, varying levels of commitment, and conflict resolution
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Four people are applying for a job. This chart shows the company’s favorite characteristic of each of these job applicants:
Why has globalization led to an
increasing income gap between rich and poor countries?
A. Laborers from developing countries migrate to developed countries in search of better-paying jobs.
B. The reduced production costs provided by low wages in developing countries enable companies to make larger profits.
C. Reduced transportation costs have enabled developed countries to extract more natural resources from their colonies.
D. Countries with well-established infrastructure and productive capacities have more competitive industries.
Answer:
A. Laborers from developing countries migrate to developed countries in search of better-paying jobs.
Explanation:
One way globalization can increase inequality is through the effects of increasing specialization and trade. Although trade based on comparative advantage has the potential to stimulate economic growth and lift per capita incomes, it can also lead to a rise in relative poverty.
Answer:
Countries with well-established infrastructure and productive capacities have more competitive industries.
Explanation:
took test
A way of gaining information on marketing problems and opportunities is called
O market segmentation
O market penetration strategy
O market positioning
O market research
Answer:
market research
Explanation:
hope this helps
What are the advantages of operating a business in an ethical manner?
Select all that apply.
The business can build customer loyalty.
The business can profit from reduced safety regulations.
The business can attract and retain talented employees.
The business can avoid legal issues.
in which stage of the product life cycle do profits begin to decrease?
The stage of the product life cycle where profits begin to decrease is typically the decline stage, as market saturation and competition lead to a decline in sales and profitability.
In the product life cycle, profits generally start to decrease during the decline stage. The decline stage occurs when a product reaches market saturation, meaning most potential customers have already purchased it, and demand begins to decline. As a result, sales volume decreases, leading to a decline in revenue and profits. Factors contributing to this decline include the emergence of newer and more innovative products, changes in consumer preferences, and increased competition. During this stage, companies may face challenges in maintaining profitability, and strategic decisions such as cost reduction, product diversification, or exiting the market may be necessary to mitigate the declining profitability and transition to new opportunities.
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3. ______ are defined as goods or services that are required for health and safety.
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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Prepare general journal entries to record the following transactions for Elliott Consulting. (The company uses the income statement approach for recording bad debts expense.)
2020
Dec. 31 Recorded Bad Debts Expense, $ 2,010
2021
Jan. 9 Wrote off Summer's account as uncollectible, $435
Mar. 12 Wrote off Manny's account as uncollectible, $650
Jul. 8 Recovered $100 from Manny
Aug. 19 Wrote off Jared's account as uncollectible, $215
To record the transactions for Elliott Consulting, the following general journal entries should be made:
2020
Dec. 31
Bad Debts Expense 2,010
Allowance for Doubtful Accounts 2,010
(To record the estimated bad debts expense for the year)
2021
Jan. 9
Allowance for Doubtful Accounts 435
Accounts Receivable (Summer) 435
(To write off Summer's account as uncollectible)
Mar. 12
Allowance for Doubtful Accounts 650
Accounts Receivable (Manny) 650
(To write off Manny's account as uncollectible)
Jul. 8
Accounts Receivable (Manny) 100
Allowance for Doubtful Accounts 100
(To reverse the previous write-off for Manny and record the amount recovered)
Aug. 19
Allowance for Doubtful Accounts 215
Accounts Receivable (Jared) 215
These journal entries record the bad debts expense, write-offs of specific accounts as uncollectible, recovery of an amount previously written off, and the write-off of another account as uncollectible.
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Explain what a trade war is
Answer: A trade war happens when one country retaliates against another by raising import tariffs or placing other restrictions on the other country's imports.
Explanation:
what factors help determine if a website author is credible
Answer:
1. Professional credentials: If a website author has professional credentials or a degree in the field they are writing about, that suggests they are credible.
2. Expertise or experience: If the author has expertise or experience in the subject matter, that also suggests they are credible.
3. Objectivity: If the author is objective and has no clear bias or agenda, that is a good sign of credibility.
4. Sources: If the author cites sources for the information they present and the sources are reliable, that suggests the author is credible.
5. Reputation: If the author has a good reputation among peers and colleagues, that suggests they are credible.
Explanation:
How is partnership like a liability corporation?
A. Both are incorporated
B. Both have investors
C. Both are inexpensive to start
D. Both protect personal assets
5. Which of the following defines a short-term goal? (1 point) Otasks that you set to accomplish specific things in a short period of time Otasks that must be completed for a job performance evaluation Otasks that you must complete that require time and planning that usually take 12 months or more to complete Otasks that you think you need to accomplish in the future but need to start working on now
A short-term goal is defined as: A. tasks that you set to accomplish specific things in a short period of time.
What is a Short-Term Goal?A short-term goal is a specific and achievable task or objective that a person sets out to accomplish within a relatively short period of time, usually less than a year.
These goals are intended to be completed quickly, helping individuals to move closer towards their long-term aspirations and provide a sense of progress and accomplishment. Short-term goals are often the building blocks towards larger, more significant achievements, and can help individuals stay motivated and focused on their overall objectives.
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I know these are multiple questions, but the actual question is fit into one big question. VERY MUCH APPRECIATED!
Planning and Conducting:
What are some possible ways to track down your energy usage? Is it more appropriate, in your opinion, to investigate energy usage per day, per week, or per month? • How would you estimate energy usage for devices which you are not the sole user of? • What are some appropriate ways to organize your data? • Suggestion: Pick at least 10 items that are commonly used every day. Record the power rating (in Watts or in some cases given as output: ____V / ____ A) and/or energy rating (in kWh). Track down the amount of time that the device runs in a period of your choice. (8 hours / 24 hours / 3 days / 1 week; do not go beyond one week.)
Possible ways to track down your energy usage are: Some possible ways to track down your energy usage are through the use of power strips, smart plugs, energy monitoring devices, and utility bills. These methods enable you to measure your electricity consumption so you can reduce it effectively.
In my opinion, it is more appropriate to investigate energy usage per month because it can give you a better perspective on how much energy you consume. You'll have a more detailed overview of your energy usage if you track it over a longer period.
Estimate energy usage for devices that you are not the sole user of by averaging the time that different people use them and multiplying that by the energy consumption of the device. If the device is on all the time, you may need to estimate based on the average number of hours per day that the device is turned on.
Appropriate ways to organize your data include sorting your data by device, usage frequency, energy usage, and time spent using each device. You may want to create a spreadsheet to keep track of your energy usage data for each device, so you can quickly and easily compare the energy usage of different devices.
If you prefer, you can also use an energy monitoring app or device to track your energy usage for each device.
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Which method of entering the global marketplace would be LEAST risky?
a.
Exporting
b.
Licensing
c.
Contract manufacturing
d.
Joint ventures
e.
Direct investment
Among the given options, exporting would generally be considered the least risky method of entering the global marketplace. The correct option is a).
Exporting involves selling products or services from the home country to customers in foreign markets. It can be done directly by the company or through intermediaries such as distributors or agents. Exporting allows a company to reach international customers without making substantial investments or establishing a physical presence in the foreign market.
Limited financial commitment: Exporting typically requires fewer financial resources compared to other methods. The company can leverage existing production capabilities and infrastructure to fulfill international orders without significant upfront investments.
Flexibility and control: Exporting offers greater control and flexibility as the company retains ownership and control over its products and marketing strategies. It allows for adaptability to changing market conditions and preferences.
Reduced exposure to local market risks: By exporting, a company can minimize exposure to risks associated with unfamiliar local markets, such as regulatory hurdles, cultural differences, and political instability.
Market diversification: Exporting allows companies to expand their customer base and diversify their revenue streams by reaching customers in different countries. This reduces dependence on a single market and provides opportunities for growth. Hence option a) is the answer.
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From each paycheck of your afterschool job, you’re able to save $45 toward the coat. You get paid twice a month. How many months will it take you to save enough money to buy your North Face jacket.
Answer:4
Explanation:The total in 4 months would equal 360
4 months will it take you to save enough money to buy your North Face jacket.
Saving per month based problem;What information do we have?
Amount save per paycheck = $45
Amount of jacket = 350 (Missing data)
Amount save per month = 2 × Amount save per paycheck
Amount save per month = 2 × 45
Amount save per month = $90
Number of months need = 350 / 90
Number of months need = 3.88
Number of months need = 4 months
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in the context of quality function deployment, one of the first steps to build the house of quality is to: a. advertise, market, and offer the product to customers. b. evaluate the marketplace. c. identify the technical features of the design of the product. d. conduct prototype testing.
The correct answer is option (c) identify the technical features of the design of the product.
In the context of quality function deployment, one of the first steps to build the House of Quality is to identify the technical features of the design of the product.
What is quality function deployment?Customer-driven engineering, matrix product planning, and quality function deployment are other names for this concept. Customers are a part of every business. Some have both internal and external clients, while others have solely internal clients.
The four main steps of the comprehensive QFD process are product planning, product development, process planning, and production planning. In each of the four phases, a matrix or other visual representation is utilised, and each one is connected to the one before it. The Quality Function Deployment (QFD) paradigm of product development and manufacturing became well-known in Japan in the 1960s. By hearing what customers have to say, the model helps translate their needs and expectations into technical specifications.
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