1) To sell for at least a certain maximum price
What is minimum resale price management agreement?
A product maker typically enters into a maintenance agreement for a minimum resale price with a group of dealers who ultimately sell to end users. Manufacturers obligate merchants to sell the goods at a specific minimum price through such agreements.
What is minimum resale price?
A minimum resale price is a price that tells your customer they can't advertise or sell anything for less than that amount. There are numerous ways you might express this. For instance, it might be: a set amount/ fixed amount
In short,
A minimum resale price maintenance agreement (RPM) is a price arrangement in which a dealer (reseller) who buys a product from a manufacturer agrees to sell the product for at least a certain maximum price such as:
At or below a price ceiling.At or above a price floor.To know more about minimum resale price refer
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because of poor management, the stock price of rearden steel inc. falls and many investors sell their shares. soon rearden steel becomes the target of a hostile takeover, during which dildred buys enough shares to exert control over the firm. in this scenario, dildred performs the role of a(n)
In this scenario, Dildred performs the role of corporate raider.
What is a corporate raid?In the world of business, a corporate raid is the process of purchasing a sizable stake in a company and then using shareholder voting rights to force the company to take novel actions intended to boost the share value, usually in opposition to the desires and practices of the corporation's current management. Top executives might be changed, operations may be scaled back, or the company may be liquidated as one of the measures. In the United States, corporate raids were particularly prevalent between the 1970s and the 1990s. By the end of the 1980s, management of numerous sizable publicly traded firms had implemented legal defenses against potential hostile takeovers and corporate raids, such as poison pills, golden parachutes, and increases in the amount of debt on the balance sheet of the company.
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the type of short-term financing for which the financing cost is most closely tied to the creditworthiness of a firm's customers is:
The financing cost is most closely tied to the creditworthiness of a firm's customers is factoring.
What is factoring?Factoring is the sale of recipients without recourse; that is the risk that the company's customers do not pay or do not pay on time is borne by the factor that you end up buying. Thus, the amount paid by the originator per dollar of receivables is lower (higher discount or interest rate) if the creditworthiness of the company's credit customers is lower.
There are mainly two types of factoring financing
regressive factoring non-regressive factoring.A factoring company purchases the company's outstanding invoices for a factoring fee, which is deducted when full payment is received from the customer.
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One consequence for defaulting on a loan is to have your wages garnished. What does this mean?.
This means your money is legally withheld from your paycheck and sent to another party.
What is Garnishment?
It refers to a legal procedure that directs a third party to take money out of a debtor's paycheck or bank account on their behalf.
The third party also referred to as the garnishee, is frequently the debtor's employer. Employers are not allowed to terminate a worker in order to avoid processing a garnishment payment under federal law.For debts including unpaid taxes, cash penalties, child support obligations, and unpaid student loans, garnishments are used. The Consumer Credit Protection Act places restrictions on what can be deducted from earnings, with the exception of unpaid taxes, and past-due child support.For more questions like Garnishment click the link below:
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abc corp.'s balance sheet shows its long-term debt to be $20 million. the debt was issued with a 10% interest rate, and the current interest rate is 7%. based on this information alone, the market value of this debt is most likely:
This debt has a market worth of more than 20 million, most likely.
What Is the Formula for the Balance Sheet?A company's assets, liabilities, and equity are balanced to create a balance sheet. Total assets are equal to total liabilities plus total equity. The aggregate of all short-term, long-term, and other assets is referred to as total assets. Asset = Liability + Capital is the formula used in balance sheets, and both of its sides are always equal. It considers the current and individual accounts of a company's credit as well as debit balances. Liabilities of a business are the credit balance that falls under the personal account. A balance sheet is a financial statement that lists the assets and liabilities of a corporation at a certain point in time. One of the three fundamental financial statements is it.
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Matthew mcconaughey, jay-z, and jeff bezos are reportedly bidding to buy which nfl franchise?.
In the battle to acquire the Washington Commanders, Matthew McConaughey has joined the Jeff Bezos/Jay-Z-led contingent.
Could a consortium looking to purchase the Washington Commanders include Matthew McConaughey?Additionally, in 2019, Major League Soccer expansion team Austin FC added Matthew McConaughey to its minority ownership group. He has long been a supporter of the Commanders and is eager to join an ownership group.
Daniel Snyder does not have to sell to Jeff Bezos because he already owns the Washington Post, a source informed the New York Post. But because of their personal friendship, he might be more willing to sell the squad to McConaughey and his family. However, Snyder's dislike of the Washington Post could undermine Bezos' chances of winning the election.
What price did Dan Snyder pay to own the Washington team? What kind of price might the Commanders command?The Washington Commanders were bought by Daniel Snyder in 1999 for $800 million. FedEx Field was included in the acquisition price. He also took on the $155 million in debt that the stadium had amassed. After the passing of the previous owner, Jack Kent Cooke, Snyder bought the team.
The team's yearly revenue was $100 million when he bought it. The sales rose to $245 million six years later.
There have been other scandals, including claims of se-xual harassment against Snyder and a poisonous work environment. Additionally, it has been claimed that there have been financial irregularities and that the team's revenue has been misreported.
Due of this, there have been calls for the franchise to be sold from all across the NFL. Now, it might actually occur. In order to handle any upcoming transactions, which might involve the sale of the NFL club, Daniel Synder and his wife Tanya only last week recruited Bank of America Securities.
The Washington Commanders are reportedly worth $5.6 billion, according to Forbes. This implies that in order to effectively acquire the team, a potential owner may have to make a proposal that is close to the $6 billion figure.
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Randall is the general manager for a company that rents surf equipment, including scuba gear, snorkeling masks, and paddleboards. Randall's job belongs in the _____ pathway of the Hospitality and Tourism cluster.
Question 2 options:
Lodging
Travel and Tourism
Recreation, Amusements, and Attractions
Restaurant and Food/Beverage Services
If Randall is the general manager for a company that rents surf equipment, including scuba gear, snorkeling masks, and paddleboards. Randall's job belongs in the Recreation, Amusements, and Attractions pathway of the Hospitality and Tourism cluster.
What is Recreation, Amusements, and Attractions?Recreation, Amusements, and Attractions can be defined as the type company that rendered the following services :
ArcadesAmusement parksMuseumsAnimal attractionsSnorkeling masksBased on the given description we can conclude that the general manager works in the Recreation, Amusements, and Attractions.
Therefore the correct option is C.
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Answer:C recreation, amusements, and attraction
Explanation: I just got 100% percent on my exam and I’ve studied this. :)
a. is a state funded program started in 1984. b. does not contribute to the poverty trap from an economic viewpoint. c. has time limits and is not a complete disincentive to work. d. is reduced by $35 for every $100 earned and a and c above.
The food stamp benefit has time limits and is not a complete disincentive to work.
Food stamp benefit relates to food assistance given to the When it was renamed disincentive the Supplemental Nutrition Assistance Program on October 1, 2008, the Food Stamp Program officially became a thing of the past (SNAP). The Food Stamp Program has consistently and shamelessly assisted millions of low-income people and families in the US to eat healthier diets than they could otherwise afford during the past 40 years. The program has been a crucial component of the United States' otherwise deteriorating social safety net, disincentive maintaining its fundamental design throughout welfare reform in the 1990s and even growing during the first decade of the 2000s.
The food stamp benefit
a. is a state funded program started in 1984.
b. does not contribute to the poverty trap from an economic viewpoint.
c. has time limits and is not a complete disincentive to work.
d. is reduced by $35 for every $100 earned and a and c above.
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which time period describes the marketing era immediately after the development of mass-production assembly lines?
The practice of marketing era has been around in 1930s with marketing in the present. for a while. That is a lot of time! There is no denying that marketing has changed and advanced over the years.
Mass-production assembly lines the Industrial Revolution ushered in the mass production era, which lasted from the 1860s until the 1920s. Products were mass-produced and affordably priced. Businesses often only made one product at a time. Businesses also had the attitude that "if created, someone would buy" at this time, which increased profitability. Businesses could sell everything they made given the prevailing marketing eras.
THE 7 ERAS OF MARKETING
Simple Trade Era (Pre-Industrial Revolution)
Mass Production Era (1860s-1920s)
Sales Era (1920s-1940s)
Marketing Department Era (1940s-1960s)
Marketing Company Era (1960s-1990s)
Relationship Marketing Era (1990s-2010)
Social/Mobile Marketing Era (2010-Present)
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_____is a form of warehousing in which a wide array of goods is held close to the source of demand in order to ensure short customer lead times.
An assortment is a form of warehousing in which a wide array of goods is held close to the source of demand in order to ensure short customer lead times.
What is assortment warehousing?Assortment warehouses store combinations of products in anticipation of customer orders. An assortment can represent multiple products from different manufacturers or a special assortment according to customer specifications.It is the storage of goods that are later sold or distributed. While small home businesses may store products in guest rooms, basements, or garages, larger businesses typically own or rent space in buildings designed specifically for storage.Warehousing and warehousing of goods play an important role in logistics supply chains around the world. Warehouses not only provide 24/7 secure storage but also store goods centrally, greatly simplifying logistics planning and organization.to know more about warehousing refer
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match the type of retail store location with its correct description. central business district central business district drop zone empty. regional shopping center regional shopping center drop zone empty. community shopping center community shopping center drop zone empty. strip mall strip mall drop zone empty. power center power center drop zone empty. clusters of stores located in neighborhoods to serve people who are within a 5- to 10-minute drive serve customers who are within a 10- to-20-minute drive; contain one primary store and 20 to 40 smaller outlets huge shopping strip with multiple anchor stores and a supermarket the oldest type of retail setting; a community's downtown area large shopping areas of 50 to 150 stores that contain two or three anchor stores
A power center consists of a huge shopping strip with multiple anchor stores and a supermarket.
The terms "power center" and "big-box center" refer to shopping centers with an average gross leasable area of 250,000 to 600,000 square feet (23,000 to 56,000 m2), three or more big box anchor tenants, and a variety of smaller retailers. The anchor tenants typically occupy 75–90% of the center’s space.
As the first power center in history, 280 Metro Centre in Colman, California is credited.
Merritt Sher, a local real estate developer, opened the 280 Metro Centre in 1986 as an outdoor strip mall with big-box retailers and category killers as its main tenants.
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$2000 are invested in a bank account at an interest rate of 6 percent per year. find the amount in the bank after 6 years if interest is compounded annually. find the amount in the bank after 6 years if interest is compounded quarterly. find the amount in the bank after 6 years if interest is compounded monthly. finally, find the amount in the bank after 6 years if interest is compounded continuously.
Part a: compounded annually (n = 1); A = $2,820.
Part b: compounded quarterly (n = 4); A = $2030.
Part c: compounded monthly (n = 12); A = $2,010.
Part d: compounded continuously; A = $2866.
Define the concept of compound interest?Compound interest simply refers to the fact that an investment, loan, or bank account's interest accrues exponentially over time as opposed to linearly over time. The word "compound" is crucial here.
The formula for determining the compound interest is-
CI = A - P
A = P(1 + r/100n)∧nt
A = amount after compoundingP = principal amount ($2,000)r = rate of interest (6%)n = umber of times compoundedt = time in years (6 years)Part a: compounded annually (n = 1)
A = 2,000(1 + 6/100)∧6
A = 2,000 x 1.41
A = $2,820
Part b: compounded quarterly (n = 4)
A = 2,000(1 + 6/400)∧(6x4)
A = 2,000 x 1.015
A = $2030
Part c: compounded monthly (n = 12)
A = 2,000(1 + 6/1200)∧(6x12)
A = 2,000 x 1.005
A = $2,010
Part d: compounded continuously
A = Pe∧(rt)
A = 2,000 x 2.72∧(0.06 x 6)
A = 2,000 x 1.433
A = $2866
Thus, the amount in the bank after 6 years are calculated.
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In the absence of market failures, a perfectly competitive market equilibrium is efficient for which of the following reasons?
a. Consumer surplus is maximized and consumers are better off relative to producers.
b. Producer surplus is maximized and producers are better off relative to consumers.
c. Total economic surplus is maximized and all mutually beneficial transactions are exhausted.
d. Total economic surplus is distributed equally between producers and consumers.
e. The quantity of output is produced at a constant cost so that every consumer pays the same price.
A perfectly competitive market equilibrium is effective for most purposes when market failures are not present. All mutually beneficial transactions are completed, and the overall economic surplus is maximized.
Market supply and demand must balance one another to reach equilibrium, which leads to stable prices. In general, when there is an abundance of goods or services, prices decline, which increases market failures demand, while when there is a shortage, prices rise, which decreases demand.
The equilibrium price is where the supply of goods matches demand. When a major index experiences a period of consolidation or sideways momentum, it can be said that the forces of supply and demand are equilibrium relatively equal and the market is in a state of equilibrium.
Economists find that prices tend to fluctuate around the equilibrium levels. If the price rises too high, market forces will incentivize sellers to come in and produce more. If the price is too low, additional buyers will market failures bid up the price. These activities keep the equilibrium level in relative balance over time.
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what are the similarities and differences between the transaction detail by account and the general ledger? when would you use one versus the other as a business owner or manager? give specific examples. g
Ledger is where accounts are managed, while Account is where transactions are recorded.
What distinguishes an account from a general ledger?Ledger is where accounts are managed, while Account is where transactions are recorded. Basically, we determine the type of transaction as it happens, and then it is recorded in the appropriate account. All financial transactions will be first documented in the General Journal, which is a book. After these financial transactions are first recorded, or say entered in the General Journal, they will be put into individual accounts, which we termed the General Ledger. The beginning balance, any debits and credits to the account for the time period, and the closing balance are all displayed in the ledger.
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companies issue bonds, preferred stock, and common equity to raise capital to invest in capital budgeting projects. capital is a necessary factor of production, and like any other factor, it has a cost. this cost is equal to the -select- required return on the applicable security. the rates of return that investors require on bonds, preferred stocks, and common equity represent the costs of those securities to the firm. companies estimate the required returns on their securities, calculate a weighted average of the costs of their different types of capital, and use this average cost for capital budgeting purposes.
Capital is a necessary factor of production, and like any other factor, it has a cost. This cost is equal to the. Companies estimate the required returns on their securities, calculate a weighted average of the costs of their different types of capital and use this average cost for capital budgeting purposes.
A corporation, abbreviated as co., is a legal entity, natural, legal, or a mixture of both, which is a collection of people with a specific purpose. Company members have common goals and work together to achieve specific goals. Enterprises take many forms, including The corporation itself has limited liability
if the member performs or fails to perform its obligations under its publicly declared incorporation or published policy. When a company closes, liquidation may be required to avoid further legal obligations. can merge and register together as a new company. The resulting entity is often called an enterprise group.
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the tax bill for sam seller's property shows an assessment for an improvement that was completed in 2008. the closing is in 2009, and the assessment is to be paid, in full, at the end of the year . how is the assessment shown on the worksheet?
(A) "It is a debit to the seller and a credit to the buyer" will be shown in the worksheet.
What is a Worksheet?A worksheet used by the accounting division to model and analyze account balances is known as an accounting worksheet. For checking that accounting entries are obtained accurately, a worksheet is helpful. Tracking changes to an account from one period to the next can also be useful.Worksheets can be used as an assessment tool by teachers to determine students' prior knowledge, learning outcomes, and learning processes. They can also be used by students to track their own learning progress.So, in the given situation the assessment will be shown in the worksheet as:
It is a debit to the seller and a credit to the buyer
Therefore, (A) "it is a debit to the seller and a credit to the buyer" will be shown in the worksheet.
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Complete question:
The tax bill for Sam Seller's property shows an assessment for an improvement that was completed in 2008. The closing is in 2009. How is the assessment shown on the Worksheet?
A- It is a debit to the seller and a credit to the buyer.
B- It is prorated along with the taxes.
C- It is a debit to the buyer and a credit to the seller.
D- It is a debit to the seller and a credit to the broker.
A company needs construction equipment to complete a project over the next 20 months. The equipment costs $10,000. Instead of purchasing the equipment with a 12% note, the company leases the equipment with payments of $300 due at the end of each month. For what amount would the company record the lease liability at the beginning of the lease?.
The amount would the company record the lease liability at the beginning of the lease is $5414
Explanation and Format
Lease liability = monthly lease payment * Present value annuity (1%,20)
= 300 * ((1-(1.01)^-20)/.01)
= 300*18.04555
= $ 5414
Thus the correct answer is $ 5414
Legal responsibility is something a person or organization owes, usually a sum of money. Liabilities are settled over the years via the transfer of financial advantages along with money, items, or services.
Recorded on the right aspect of the balance sheet, liabilities encompass loans, money owed payable, mortgages, deferred revenues, bonds, warranties, and gathered prices.
Liabilities may be contrasted with assets. Liabilities refer to matters that you owe or have borrowed; belongings are matters that you own or are owed.
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benchmark definition, 4th edition (bmd4): foreign direct investment: by partner country and by industry
benchmark definition, 4th edition (bmd4): foreign direct investment: financial flows by partner country and by industry.
Benchmarking is the practice of comparing commercial enterprise procedures and performance metrics to industry bests and quality practices from different corporations. Dimensions generally measured are pleasant, time and price.
Benchmarking is used to measure overall performance the usage of a selected indicator (cost according to unit of degree, productivity in keeping with unit of measure, cycle time of x according to unit of degree or defects in line with unit of degree) resulting in a metric of performance this is then in comparison to others.
Also known as "great exercise benchmarking" or "process benchmarking", this method is used in control in which corporations evaluate diverse components in their techniques on the subject of nice-exercise groups' techniques, normally within a peer institution defined for the functions of evaluation.
This then permits groups to expand plans on how to make enhancements or adapt unique satisfactory practices, typically with the aim of growing some aspect of performance. Benchmarking can be a one-off event, however, is regularly handled as a non-stop method in which groups constantly are seeking for to improve their practices.
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in most developed countries (such as the united states), is (are) among the largest purchasers of goods and services.
In most developed countries (such as the united states), the central government is (are) among the largest purchasers of goods and services.
A government is the gadget to manipulate a nation or community. The Columbia Encyclopedia defines government as "a machine of social manage beneath which the right to make laws, and the right to put in force them, is vested in a selected group in society".
A government is the machine or organization of human beings governing an prepared network, typically a kingdom. inside the case of its wide associative definition, government usually consists of legislature, executive, and judiciary.
Governments provide the parameters for ordinary conduct for citizens, shield them from out of doors interference, and regularly provide for his or her properly-being and happiness.
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promotion is the set of marketing communication activities designed to inform and persuade groups of people. these people are limited to
Promotion is a set of marketing communication activities designed to inform and persuade a group of people. these people are limited in the information they can get.
Promotion is a communication activity carried out by a person or company to the wider community. The goal is to introduce the product to the public and influence them to buy and use the product. That is, promotion is an activity that is very commonly carried out by marketers to be able to provide information related to a product and also encourage potential consumers to want to buy goods or services offered by the company. This activity will generally combine several forms of promotion, such as advertisements, discounts, or company-branded t-shirts.
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Who should fill out the w-2 form? a. the taxpayer’s employer b. the taxpayer c. a qualified tax professional d. the irs please select the best answer from the choices provided a b c d
The employer should fill out the w-2 form.An employer is an individual that hires another individual .
A form is a document with blank spaces for users to fill out or check options for a collection of documents with related contents. The printed portions of the documents are typically the same, excluding perhaps a serial number. When filled out, forms can be statements, requests, orders, etc.; a check can be a form. A person or a company that offers one or more people a paying job is referred to as an employer. (An example of your employer is the business you work for.) An employer is someone who hires workers to perform work and duties for them while an employee is someone who works for a company and receives a salary.
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when the world bank makes a high interest loan to the haitian government, demanding payback within 10 years and without providing the tools for self-sufficiency, we have an example of
When the World Bank makes a high-interest loan to the Haitian government, demanding payback within 10 years and without providing the tools for self-sufficiency, we have an example of (B) how the periphery and the semi-periphery play games with one another in the modern world system.
What is Periphery?The economic scale between core and periphery nations is reversed. They are the least developed nations in comparison to the core and semi-periphery nations, and are typically low- or middle-income nations that receive an unfairly little fraction of the world's wealth. The periphery—outlying regions with inadequate communications and sparse population—is compared with the core—a key part of an economy with good communications and a high population density that contribute to its prosperity (for example, see unemployment).Countries that have been oppressed and taken advantage of by other nations include Western Europe, the Anglo-Saxon nations, as well as Russia and China. Latin American, African, Asian, and former Soviet Union nations are considered to be peripheral nations (such as my homeland, Poland).Therefore, when the World Bank makes a high-interest loan to the Haitian government, demanding payback within 10 years and without providing the tools for self-sufficiency, we have an example of (B) how the periphery and the semi-periphery play games with one another in the modern world system.
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Complete question:
When the World Bank makes a high-interest loan to the Haitian government, demanding payback within 10 years and without providing the tools for self-sufficiency, we have an example of
Group of answer choices
a. how racism works independently of financial constraints
b. how the periphery and the semi-periphery play games with one another in the modern world system
c. a situation unique to Haiti
d. the development of underdevelopment
when a speculative attack on the exchange value of a currency results in a depreciation of that currency, it is called a(n) blank______ crisis.
when a speculative attack on the exchange value of a currency results in a depreciation of that currency, it is currency crisis.
Currency crises have occurred frequently in recent history. These include a sudden and significant devaluation of a country's currency, along with erratic markets and a lack of confidence in the economy. Even though currency crises are frequently sudden, they can occasionally be predicted.
A currency crisis is described as a speculative assault on a currency's foreign exchange value that causes a sharp depreciation or compels the government to sell foreign exchange reserves and hike interest rates at home to defend the currency.
Avoiding currency crises requires:
By creating jobs and enforcing a sound monetary policy, the government should keep inflation low.The nation can avert a currency crisis by implementing policies that are welcoming to investors.Maintaining fair monetary policies. Maintaining good trade relations with the other countries.to know more about currency crisis visit
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You find an error on your credit report. Your credit card account indicates that you are 60 days late on your payment but you have bank records indicating that you have always made on-time payments. What should you do first?.
First you should do dispute this information with the credit reporting company (Experian, Equifax and/or TransUnion) and must explain in writing what you believe is wrong and why, and include copies of documents supporting your dispute.
What is credit?The phrase has more than one meaning in finance, but most people think of credit as an arrangement where a borrower borrows money from a lender and then pays the lender back with interest. Credit can also mean a person's or company's ability to repay debts or credit history. A change in a company's balance sheet reduces its assets or increases its liabilities or equity.
Credit is a relationship between a borrower and a lender. The borrower borrows money from the lender. The borrower pays back the money later with interest.
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in earlier years, leveraged buyouts became synonymous with the lbo. a. bust-up b. publicly funded c. build-up d. owner-financed
Leveraged buyouts and bust-up LBOs became synonymous in earlier times.
How Does a Leveraged Buyout Work?
A leveraged buyout (LBO) is an acquisition of another business funded by a substantial amount of borrowed money (bonds or loans).The assets of the acquiring company and the assets of the acquiring company are frequently used as collateral for loans.
What is the Process of a Leveraged Buyout (LBO)?
When one company attempts to acquire another by borrowing a significant amount of money to finance the acquisition, this is known as a leveraged buyout (LBO).The assets of the acquired company can actually be used as collateral against it because the acquiring company issues bonds against the combined assets of the two companies. Large-scale LBOs saw a resurgence in the early 2020s, despite being frequently viewed as predatory or hostile.
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is the extent to which employees have positive or negative feelings about various aspects of their work. multiple choice job satisfaction organizational commitment job performance employee engagement
The extent to which employees have positive or negative feelings about various aspects of their work is a) job satisfaction
A worker's level of enjoyment with their work is referred to as their job satisfaction. This surpasses their daily responsibilities to address employee happiness with team members and management, organizational rule satisfaction, and the effect of their procedure on employees' personal lives.
Job satisfaction generally refers to the way one views their work, the positive aspects that help a person to feel valued or give a sense of purpose, as opposed to the negative aspects, such as long hours or unpleasant duties, or feeling underappreciated by a senior. Thus, job satisfaction represents the happiness and positive feelings a person has about their job, including the positive feelings and opinions people have about their place of employment.
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the overall goal of project planning is to establish a pragmatic strategy for controlling, tracking, and monitoring a complex technical project:
The overall goal of project planning establish a pragmatic strategy for controlling, tracking, and monitoring a complex technical project.
A technical project is one that includes engineering factors, technical hardware components, software program elements, and or data control requirements.
Simply technical thing management appears to be a part of nearly every assignment.
Examples of an IT venture consist of net improvement, software program improvement, cellular app development, community configuration, software program implementation, hardware installation, database management, and IT emergency recovery.
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if economic profit for a firm is negative:
If economic profit for a firm is negative then the firm should exit the industry in the long run.
A profit is a difference between the revenue from an economic entity's outputs and the opportunity costs of its inputs. It is the same as total revenue fewer total outlays, which entails both direct and indirect costs.
It is distinct from accounting profit in that it only refers to the costs that are explicitly stated on a company's financial statements. Accounting profit is calculated by subtracting the company's entire revenue from its explicit costs.
When examining a corporation, an economist considers all opportunity costs, both explicit and implicit. Economic profit is therefore less than accounting profit. According to economic theory, a company's total revenue must exceed its opportunity cost to be profitable.
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what implications does the effect on residents have for the firm, and how would you describe it using economic terminology? (select all that apply.)
Residents have to suffer from economic transaction, it would be described in economic terminology as External Cost
Explanation of External cost
A cost suffered by a person, business, or community as a result of an economic transaction in which they are not actively participating is known as an external cost. Both production and consumption can result in external expenses, which are often referred to as "spillovers" and "third party costs."
External cost includes
Purchasing consumer goods commonly creates waste in terms of packaging, as well as other environmental costs including carbon emissions resulting from travelling to stores and outlets.Environmental costs can also arise from the production process, including direct costs from emissions and costs from transportation and distribution.Excessive fishing can deplete fish stocks and lead to unemployment in the fishing industry in the future.To learn more about external cost
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When a firm produces zero output, its total cost is equal to its ( A. sunk cost O B. average variable cost OC. fixed cost O D. variable cost
When a firm produces zero output, its total cost is equal to its average variable cost.
Variable costs are costs incurred when the quantity of goods or services produced by a business changes. Variable cost is the sum of the marginal costs of all units produced. It can also be considered a normal expense. Fixed and variable costs form he two components of total cost.
Variable costs are operating costs that vary in proportion to the volume a business produces or sells. Variable costs increase or decrease depending on the company's production and sales volume. It increases when production increases and decreases when production decreases.
Variable costs are costs that change with changes in quantity. Examples of variable costs include raw materials, labor costs for parts, production materials, handling charges, shipping charges, packaging materials, and credit card charges. In some tax documents, variable production costs are called "cost of goods sold."
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a friend convinced the owner of a vacant store to allow him use of the store for a one-year period for $12,000, to be payable in monthly installments of $1,000. this amount was significantly below its fair rental value. their agreement was not reduced to writing. near the end of the year, the friend and the owner discussed an extension of the arrangement, but did not arrive at an agreement. the owner informed the friend that, if the friend remained, the rent would be raised to its market value. the friend objected. after the end of the one-year period, the friend remained in the store. the friend sent the owner a $1,000 rent check. the owner returned it to the friend, indicating that the rent was now the fair rental value of the premises. is the owner correct that the friend is obligated to pay the fair rental value of the premises?
Yes, The owner is correct because the friend was informed about the rent increase before the beginning of the rental period and the increase is reasonable.
What is a rental period?
Rental Period means the period beginning on the Commencement Date and ending on the last day of the calendar month preceding the month in which the first anniversary of the Commencement Date occurs; thereafter, each succeeding Rent Period shall begin on the day following the end of the preceding Rent Period and shall extend for 12 consecutive months. Rent Period refers to the period beginning on the Completion Date and ending on the first Rent Payment Date, and then each period from one Rent Payment Date to the next Rent Payment Date after that.
So, the required answer is YES.
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