A company experiences a loss when the total cost (including both explicit and implicit costs) exceeds the total revenue. The economic profit is calculated by subtracting explicit and implicit costs from the total revenue. If the result is negative, the company is experiencing a loss.
Explanation:A company is experiencing a loss when their total cost is higher than total revenue. To understand the concept, let's delineate between explicit costs and implicit costs first. Explicit costs are out-of-pocket expenses for inputs to its production process within a certain timeframe. Examples include wages, rent, and materials. Implicit costs are opportunity costs of using resources owned by the firm already. They represent potential revenue lost.
To calculate the true economic profit of the company, we need to subtract both the explicit and implicit costs from the total revenues. Here's the formula: economic profit = total revenues - explicit costs - implicit costs. For example, if a company has total revenue of $200,000, explicit costs of $85,000, and implicit costs of $125,000, the equation would be: economic profit = $200,000 - $85,000 - $125,000 = -$10,000. Here, the company is experiencing a loss as the result is a negative profit.
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@becki @ranga maria is purchasing a new car whose msrp is $22,450. she is trading in her old car for $7000 and being upgraded to a premium package for $4000. vehicle delivery is an additional $700. what is maria's total?
a. $15,750
b. $22,450
c. $20,15
Answer:
C.$20,150
Explanation:
22,450 - 7,000 = 15,450
15,450 + 4000 = 19,450
19,450 + 700 = 20,150
A ________ stock comes from a company that makes consumer goods such as food and drugs that have fairly constant demand regardless of the state of the economy.
What kind of customer would want collision coverage for his or her auto incurance?
A customer who wants to be financially protected in the event of an accident, regardless of who is at fault, would want collision coverage for his or her auto insurance.
Collision coverage is a type of auto insurance that helps pay to repair or replace your car if it's damaged in an accident with another vehicle or object, such as a fence or a tree. If you're leasing or financing your car, collision coverage is typically required by the lender.
Even if you own your car outright, collision coverage can be beneficial if you want to protect your investment and ensure that you can cover the costs of repairs or replacement after an accident.
Here are some reasons why a customer might want collision coverage:
1. Financial Protection: Collision coverage can provide financial protection if your car is totaled or needs expensive repairs after an accident.
2. At-Fault Accidents: If you are at fault in an accident, your liability coverage will pay for the other driver's damages, but it won't cover your own car. Collision coverage will help pay for your car's repairs or replacement.
3. Hit-and-Run or Uninsured Drivers: If you're involved in an accident with a hit-and-run driver or someone who doesn't have insurance, collision coverage can help cover your damages.
4. Leased or Financed Vehicles: Lenders and lessors often require collision coverage to protect their investment in the vehicle.
5. High Value Vehicles: Owners of high-value cars may opt for collision coverage to ensure they can afford to repair or replace their vehicle if it's damaged in an accident.
6. Peace of Mind: For many drivers, the peace of mind that comes with knowing they are covered in the event of an accident is worth the cost of collision coverage.
A speaker compares two similar cases and infers that what is true for the first case is also true for the second. what is the term for this type of reasoning?
What does future consideration mean in job application?
Future consideration in a job application is a request made by an applicant for the company to keep their information on file for potential future job opportunities. It is usually used when an applicant has the required skills but has not been selected for the current position. It serves as a reminder to employers about the applicant's potential for future roles.
Explanation:In the context of a job application, future consideration refers to an applicant's request that a company keep their information on file for potential future opportunities. This usually happens when an individual applies for a job, possesses the required skills, yet is not selected for the current open position. The applicant may request future consideration, prompting the company to review their application when relevant positions become available.
For instance, in the first paragraph of an application, an applicant may explain their relevant skills and then end with a statement that they are submitting their current résumé for future consideration. This strategy keeps the focus on the organization's needs and subtly brings to attention the applicant's interest in future opportunities. It is a productive rhetorical technique that reminds the employers about the applicant's potential contribution to future projects.
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Which type of shopping is characterized by activities oriented toward a specific, intended purchase or purchases?
The type of shopping that is being identified above is acquisitional shopping because this is where consumers have the intention of visiting or going to the store to shop in a way that they would purchase products and acquire for services. It could be seen above as the shopping is characterized because of the consumers will of having to purchase a specific product.
According to ruth schwartz cowan’s 1983 research, time-saving devices like the vacuum cleaner and washing machine have actually increased the amount of time women spend on housework. what explanation is given for her finding?
As the technologies related to household cleaning got improved, and so the quality of cleanliness required from women especially got stricter. Therefore the correct answer to this is:
“Standards of cleanliness have also risen, so even more cleaning is expected.”
What type of policy covers unusual hazards typically not covered under ordinary accident and health insurance?
Compared to attending a technical school, completing a four-year college degree allows you to
A)enjoy lower educational costs
B)enter the workforce sooner
C)avoid student loans
D)select from a wide range of careers
What do you call an agreement made between different companies to charge the same amount for products?
Answer:price-fixing.
Explanation:
An agreement between different companies to charge the same amount for products is referred to as price-fixing.
What is price-fixing?Price fixing is an anticompetitive pact between participants in a market who are on the same side to buy or sell a good, service, or commodity only at a set price, or to keep the market's conditions so that the price is kept at a specific level by managing supply and demand.
Price fixing may be done with the intention of driving up a product's price as high as possible, which typically results in profits for all sellers, but it may also be done to fix, reduce, or stabilize prices. Any agreement regarding price, whether it is explicit or inferred, is what distinguishes price fixing from other practices.
Some markets allow price fixing while others do not; in those that do, it is frequently referred to as "resale price maintenance" or "retail price maintenance."
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I really need to graduate HIGHSCHOOL PLEASE HELP ASAP.
In a Chapter 7 bankruptcy, a debtor: A. is required to draw up a petition listing all assets and liabilities. B. does not have to pay a filing fee. C. is absolved of alimony and child support payments. D. does not have to repay educational loans.
The answer is: A. is required to draw up a petition listing all assets and liabilities.
During bankruptcy, the company need to sell of all of its remaining assets to paid of as much abilities that it can.
Because of this, the government require them to list all of assets and liabilities that it own. This would help the creditors determine whether the company already pay off all of its obligation to its maximum capacity.
Which technique might a scrummaster use to facilitate communication between the development team and the product owner?
The technique might a scrummaster use to facilitate communication between the development team and the product owner is that to teach the team to talk in terms of business needs and objectives, teach the Product Owner about the technologies employed during the Sprints and facilitate collaborative meetings between the development team and the product.
Your parents surprise you with a $500 check. as a result, the u.s. gdp decreases because you have to pay taxes on this income. remains unchanged because it was counted when your parents earned it. decreases because you will spend it on useless goods. increases because this is unexpected income to you.
Why might a letter-writing campaign get a company to change its business practices?
?the management of zilo toys inc., a toy manufacturing company, believes that the longer the customers spend deciding what to purchase, the less likely they are to purchase more items. in order to determine the average time customers spend in purchasing toys from the store, the management employees time to observe the customers as they discuss which toys to buy. he then reports his findings to the management. in this scenario, tim is engaging in _____.
The extent to which an innovation can be imitated by a competitor depends on
The extent to which an innovation can be imitated by competitors depends on the luxury wherein the machinery can be understood and recreate. This action does not offer enduring barriers, on the other hand it gives the visionary more time. This refers to Tacitness and Complexity of Knowledge
Resources that can theoretically last forever are called __________ resources
Answer:
Resources that can theoretically last forever are called renewable resources.
The dmv may impose certain restrictions on a driver license and, therefore, the driver; this is done to ensure the safe operation of a motor vehicle. an example of a restriction would be:
Final answer:
The question addresses the governmental right to legally discriminate to ensure public safety, exemplified by driver license restrictions and other regulations such as speed limits, occupational licenses, and educational requirements for the university admission.
Explanation:
The question deals with the ways in which governments legally impose certain restrictions to maintain order and ensure safety, which could be perceived as discrimination but serve a public interest. The provided information demonstrates that while the equal protection clause mandates that all individuals should be treated equally under the law, there are instances where legal discrimination is permissible. This includes establishing a minimum age for smoking and drinking, setting requirements for obtaining a driver's license, and instituting educational requirements for university admissions. Driver license restrictions, for example, can include a requirement to wear corrective lenses while driving or limiting driving to daytime hours. These restrictions aim to ensure the safe operation of vehicles on public roads.
Governments establish such regulations through policies that may increase conformity costs, as seen in the example of speed limits, which limit a driver's ability to drive as fast as they might prefer. Similarly, an occupational license is another form of regulation that requires workers to complete specific education or pass certain tests to legally work in particular professions. Moreover, other terms like premium payments to insurance companies, membership in a risk group, and stipulations in a service contract or a product warranty also illustrate how regulations and requirements can affect various aspects of life and commerce.
An increase in government borrowing can: _________. allow private investment to expand. crowd out private investment in physical capital. increase the incentive to invest in technology. cause a substantial decrease in interest rates.
An increase in government borrowing often leads to the crowding out of private investment in physical capital by reducing financial capital available to private firms.
Explanation:An increase in government borrowing can potentially crowd out private investment in physical capital. This crowding-out effect happens because government borrowing can reduce the financial capital available for private firms, which affects their ability to invest in physical capital. Moreover, if a government decides to borrow for financing investments in public physical capital, like roads or water systems, it may inadvertently increase public physical capital at the expense of crowding out more beneficial private physical capital investments.
Which principle of training focuses on individual and small unit skills?
The term? "market" in economics refers to
a. a place where money changes hands.
b. an organization which sells goods and services.
c. a legal institution where exchange can take place.
d. a group of buyers and sellers of a product and the arrangement by which they come together to trade.
J. brown consulting paid $2,500 cash for a 5-month insurance policy which begins on december 1. given the choices below, determine the general journal entry that j. brown consulting will make to record this transaction
The first account to be used is prepaid insurance. This is a current asset which specifies the price of the insurance contract or also known as premiums that have been paid in advance. It signifies the amount that has been paid but has not yet expired as of the balance sheet date.
The second account to be used is cash because it was used to pay for the insurance bought.
To record this transaction:
Debit, Prepaid Insurance $2500
Credit, Cash $2500
In 1975, cialdini and colleagues asked college students to spend 2 hours chaperoning a group of children on a field trip to the zoo. only _____ agreed to this request. however, after first asking another group of college students to volunteer every week, for a minimum of two years, _______ agreed to the second request to chaperon the zoo trip because of the door-in-the-face technique. 50%; 17% 17%; 100% 100%; 50% 17%; 50%
How long do management and the audit committee have to act if the independent auditor reports possible illegal acts to them?
Management and the audit committee should act promptly upon receiving a report of possible illegal acts from an independent auditor, according to the Sarbanes-Oxley Act of 2002, which mandates immediate investigation to maintain financial integrity and legal compliance.
The question revolves around the response of management and the audit committee when an independent auditor reports possible illegal acts. According to provisions laid out in the Sarbanes-Oxley Act of 2002 (SOX), management and the audit committee have a responsibility to act promptly upon such notifications.
While SOX does not provide a specific timeline for management to respond to the auditor's report of illegal activities, it emphasizes the need for immediate action to investigate and address the issue to ensure the integrity of financial reporting and compliance with applicable laws.
The legislation also establishes the Public Company Accounting Oversight Board (PCAOB) to oversee the activities of auditors, enhances the SEC's oversight capabilities, and mandates that CEOs and CFOs certify the accuracy of corporate financial statements. This act was a direct response to corporate scandals to ensure greater accountability and prevent management fraud.
The on-call perioperative team is called for an urgent surgery to be performed as soon as they arrive. what surgical procedure is considered emergent?
Corporations such as coca-cola and general electric, which are embedded in countries throughout the world and have a significant impact on the global economy, are referred to as
The ecological footprint of the united states ______. shows that its population size is increasing slowly cannot be calculated is lower than the global average a sign of overconsumption shows that americans consume a disproportionate amount of food and fuel is about the same as the global average
The United States' ecological footprint is a clear indicator of overconsumption and underscores the high level of resource usage that considerably exceeds global averages and the planet's capacity to sustain such demand.
The ecological footprint of the United States is a sign of overconsumption and indicates that Americans consume a disproportionate amount of food and fuel. An ecological footprint analysis reveals how much of the Earth's environmental functions are required to support the consumption habits of a population.
In the context of the US, the ecological footprint is significantly higher than the global average, with an estimated 8.1 global hectares per person compared to the global average of around 2.7 global hectares per person. This discrepancy highlights that if everyone lived like the average American, we would need multiple Earths to sustain such a level of resource use.
Moreover, the Human Development Index shows that more developed nations generally have larger ecological footprints, indicating higher levels of natural resource consumption. This vast consumption is not evenly distributed across the global population, with developed countries often using resources far beyond their borders, which intensifies the ecological impact on a global scale.
In summary, the United States' ecological footprint gives clear evidence of the country's high level of resource consumption, which far exceeds what the Earth can sustainably provide.
The three major types of records that counselors keep are
The correct answer is: the three major types of records that counselors keep are progress notes, process notes, and personal notes.
Progress notes are a summary of the client's progress and are often shared with the client and other professionals involved in the client's care. They typically include information about the client's goals, treatment plan, and progress towards those goals. Progress notes are often used to track the client's journey over time and to communicate important information to other healthcare providers.
Process notes are more detailed and are meant to capture the nuances of the counseling sessions. They include the counselor's impressions, reflections on the client's statements and behaviors, and the strategies used during the session. These notes are generally kept confidential and are used by the counselor to inform future sessions and to ensure continuity of care.
Personal notes, also known as personal reflections, are the counselor's private thoughts and reactions to the counseling process. They are not intended to be shared with the client or other professionals. Personal notes can include the counselor's emotional responses, self-evaluations, and questions about how to approach future sessions. These notes are for the counselor's personal use and are designed to aid in self-supervision and professional development.
Each type of note serves a different purpose and is subject to different levels of confidentiality and sharing practices. It is important for counselors to understand the distinctions between these types of records to maintain ethical standards and to provide the best possible care to their clients.
True or false there is no point in trying to anticipate things before they happen.
The statement “There is no point in trying to anticipate things before they happen” is true. Life is complicated; thinking of things ahead of time will only make matter worse. In order to have a happy life, one must only think of the current situation and resolve it one at a time. Stop living with what ifs and start living with why not.
true i took the test
Felicia put $85 into an account that pays 3.8% interest, compounded semiannually. according to the rule of 72, approximately how long will it take for her money to double?
Answer: 18.9 years
Explanation:
Answer:
18.9 years
Explanation: