The profit maximizing monopolist would achieve loss minimization when...
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The profit-maximizing monopolist would achieve loss minimization when the marginal revenue (MR) equals marginal cost (MC).
In this situation, the monopolist is able to determine the optimal quantity and price of the product to maximize profit or minimize losses. Firstly, it is important to understand that a monopolist is a single producer in a market who faces a downward-sloping demand curve. As a result, the monopolist has the ability to set prices, unlike firms in perfect competition that take prices as given.
In order to maximize profit, a monopolist must produce at the output level where marginal revenue equals marginal cost (MR=MC). This is because an additional unit of output generates both extra revenue and extra costs. If the marginal revenue from selling an additional unit is greater than the marginal cost, the monopolist will increase its profit by producing and selling that unit. Conversely, if the marginal revenue is less than the marginal cost, the monopolist would lose money by producing that unit and should decrease production.
To minimize losses, the monopolist should continue producing as long as the price is greater than or equal to the average variable cost (AVC). This is because when the price is above AVC, it is covering not only the variable cost but also a portion of the fixed cost, helping to reduce the total loss.
In summary, the profit-maximizing monopolist would achieve loss minimization by producing at the output level where marginal revenue equals marginal cost, while ensuring that the price is greater than or equal to the average variable cost. This allows the monopolist to find the optimal quantity and price to maximize profit or minimize losses.
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Related Questions
the direction of corporate goals and policies in the late nineteenth century was increasingly shaped by
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In the late nineteenth century, corporate goals and policies were shaped by factors such as industrialization, technological advancements, market competition, capital accumulation, changing ownership structures, and the evolving regulatory environment.
In the late nineteenth century, the direction of corporate goals and policies was increasingly shaped by several key factors:
1. and Technological Advancements: The rapid industrialization during this period, fueled by technological advancements such as the steam engine, electricity, and the assembly line, played a significant role in shaping corporate goals and policies. Companies sought to capitalize on these innovations to increase production efficiency, expand market reach, and generate higher profits.
2. Market Competition: The growth of industries and the emergence of large corporations led to increased competition. Companies sought to gain a competitive edge through strategies such as price differentiation, product differentiation, and market expansion. Corporate goals were influenced by the need to outperform competitors and capture larger market shares.
3. Shift in Ownership and Governance: The late nineteenth century saw a transition from small-scale owner-operated business to larger corporations with dispersed ownership and professional management. This shift brought changes in corporate governance and the separation of ownership from management. Corporate goals and policies were increasingly influenced by the interests of shareholders, as well as the principles of efficiency and maximizing shareholder value.
Overall, the direction of corporate goals and policies in the late nineteenth century was increasingly shaped by the forces of industrialization, market competition, capital accumulation, evolving ownership structures, and the changing regulatory landscape.
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Need help fast please!!
8. Jill Jantzen's gross weekly pay is $298.00. Her earnings to date for the year total $14,900.00. What amount is
deducted from her pay each week for Social Security, which is taxed at 6.2%?
$30.88
$14.52
$18.48
$21.33
Answers
which of the following factors is not included in ordering cost? purchasing department overhead costs inspecting incoming inventory bill paying obsolescence
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The factor that is not typically included in ordering cost is (c) obsolescence.
Ordering cost refers to the expenses incurred in the process of placing and receiving an order for inventory or goods. It includes various costs associated with managing the procurement process, such as administrative costs, communication costs, and paperwork. The purpose of ordering cost is to ensure a smooth and efficient flow of goods into the organization.
Let's briefly discuss the other factors mentioned in relation to ordering cost:
Purchasing Department Overhead Costs: These costs are directly related to the activities performed by the purchasing department, such as salaries, benefits, office supplies, and technology infrastructure. These costs are often allocated to the individual orders placed by the purchasing department.
Inspecting Incoming Inventory: This cost involves the expenses associated with inspecting and verifying the quality, quantity, and condition of the inventory upon arrival. It includes labor costs, equipment costs, and any additional expenses related to testing or quality control measures.
Bill Paying: This cost refers to the administrative expenses associated with processing and paying invoices for the ordered inventory. It includes the time and resources required to review, approve, and process payments to suppliers or vendors.
However, obsolescence is not typically considered a part of ordering cost. Obsolescence cost is associated with inventory that becomes outdated, expired, or unsellable due to changes in technology, market demand, or product lifecycle. It is usually considered as a holding cost or a cost associated with inventory management and storage, rather than a direct cost of ordering.
In summary, while ordering cost includes factors such as purchasing department overhead costs, inspecting incoming inventory, and bill paying, obsolescence is not typically considered a component of ordering cost but rather a separate cost associated with holding and managing inventory.
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Artemis wants his employees to get better sleep so that they stay healthy and thus take fewer sick days. He should recommend that his employees:
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Artemis must recommend healthy practices to its employees such as eating properly, sleeping at least 8 hours a day, doing at least 1 hour of daily physical activity and avoiding consuming alcoholic beverages.
How to lead a healthy lifestyle?A healthy lifestyle is a type of lifestyle that combines various actions that improve the health of individuals by improving various aspects of their life.
What recommendations would you give someone to improve their lifestyle?Some recommendations to improve lifestyle are related to a healthy lifestyle because this has a positive impact on it. Some recommendations are:
Eat balancedDo not consume alcoholic beveragesDo physical activity dailySleep at least 8 hours a dayAccording to the foregoing, Artemis must recommend these practices to its employees so that their health remains in optimal conditions and their performance at work is not affected.
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who is ymca's target market?
who are ymca's end-users?
who are ymca's donors?
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YMCA's target market is women.
YMCA's end-users are people of all ages.
YMCA's donors can be anyone.
A global youth organization with over 64 million beneficiaries in 120 countries, the YMCA (also referred to as the Y in certain regions) is headquartered in Geneva, Switzerland.
The Y not only offers fitness facilities to strengthen your body and mind, but it also gives you peace of mind by offering the best childcare available. The growth and development of your child's mental, physical, and emotional well-being can be significantly influenced by the correct childcare programs.
In 1844, a farmer-turned-department store employee and his pals met in industrial London to form the first YMCA, a haven for young men seeking safety from the dangers of the streets.
Yes, we are aware that the YMCA audience consists primarily of women between the ages of 35 and 55 who enjoy visiting the shore and who are interested in SUVs (example of X YMCA).
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1) What happens if you do not pay a credit card bill on time?
A. Use your debit card
B. Go into debt
C. Pay interest
D. Declare bankruptcy
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At midland company's break-even point of 9,000 units, fixed costs are $180,000 and variable costs are $540,000 in total. the unit sales price is:_________
a. $ 20.b. $ 40.c. $ 60.d. $ 80.e. $100.
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At midland company's break-even point of 9,000 units, fixed costs are $180,000 and variable costs are $540,000 in total. the unit sales price is: $ 80.
So, the correct answer is D.
At Midland Company's break-even point of 9,000 units, fixed costs are $180,000 and total variable costs are $540,000.
To find the unit sales price, first determine the total costs, which is the sum of fixed costs and variable costs ($180,000 + $540,000 = $720,000). Since the company breaks even, total revenue equals total costs.
Now, divide the total revenue by the number of units (9,000) to find the unit sales price: $720,000 ÷ 9,000 = $80.
Therefore, the correct answer is option d. $80.
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Ayman has a credit card with a balance of $4750 CAD and an annual interest of 21.5% compounded
monthly. He plans on paying off the loan completely in two years using monthly payments. What is the
total amount of interest he will pay once the card is paid off?
#1 $128.03
#2 $1136.00
#3 $4878.03
#4 $5886.00
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beginning work-in-process is 6,400 units; 63,300 units completed, and ending work-in-process is 7,450 units, which are 100% complete for direct materials and 50% complete for conversion costs. the beginning wip inventory is 100% complete for direct materials and 50% complete for conversion.
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The equivalent units of production for direct materials are 69,150, and for conversion costs are 65,925.The total equivalent units of production for direct materials are 69,150 (6,400 + 63,300), and for conversion costs, it is 65,925 (6,400 + 63,300 + 3,725).
Equivalent units of production are a measure used in process costing to account for partially completed units. In this scenario, we have three components to consider: beginning work-in-process (WIP), completed units, and ending WIP.
For direct materials, both the beginning WIP (6,400) and completed units (63,300) are fully processed, so they are counted as equivalent units.
For conversion costs, the beginning WIP (6,400) is 50% complete, so 50% of those units (3,200) are counted as equivalent units. The completed units (63,300) are fully processed. The ending WIP (7,450) is 50% complete, resulting in 3,725 equivalent units.
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Mandy wants to mention detailed information about her hobbies, personal qualities, strengths, and professional achievements in a document she can show her prospective employer. Which job search document can Mandy use to input all these details? A. résumé B. cover letter C. application D. career portfolio
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Answer:
Career portfolio I think
Explanation:
Tell me if I am wrong please.
what is the most likely conclusion for a firm whose statement of cash flows shows an increase in cash balances and has negative cash flows from both operations and financing?
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The most likely conclusion is that the firm received significant cash inflows from investing activities, such as asset sales or investments.
Negative cash flows from operations indicate that the firm's core business activities did not generate enough cash to cover its operating expenses.
Negative cash flows from financing indicate that the firm's financing activities, such as borrowing or issuing equity, resulted in more cash outflows than inflows.
However, despite these negative cash flows, if the firm's cash balances increased, it suggests that it received a significant cash infusion from other sources.
This could be due to non-recurring events like the sale of assets, receipt of insurance settlements, or one-time capital injections from investors or stakeholders.
It's important for stakeholders to analyze the firm's financial statements in more detail and investigate the specific reasons behind the increase in cash balances.
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an organization whose members have a common cause for which they seek to influence public policy is called an...
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Answer:
interest group
Explanation:
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
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Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
Have a nice day!
a home builder wants to construct a house on his lot. the house will sit 20' from the front lot line. the city ordinance calls for a minimum setback line of 25'. in order to construct his house in the manner described, the builder must obtain a: select one: a. variance. b. spot zoning permit. c. special use permit. d. non-conforming use license.
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The correct answer is: a. variance.
in order to construct the house with a setback of 20' from the front lot line, which is less than the minimum setback required by the city ordinance (25'), the builder would need to obtain a:
a. variance.
a variance is a permission or exception granted by the local zoning authority that allows a property owner to deviate from certain zoning regulations or requirements. in this case, the builder would need to request a variance to construct the house with a setback of 20' instead of the required 25' setback.
a spot zoning permit typically refers to the process of designating a specific area or spot for a particular use within a larger zoning district. a special use permit is required for specific uses that may have an impact on the surrounding area, but it doesn't apply to setback requirements. a non-conforming use license is related to properties that were legally established before zoning regulations were enacted and do not comply with current zoning requirements.
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what country consumes the most chocolate per capita?
Answers
Answer:
Switzerland
Explanation:
amounting to an impressive 8.8 kilograms.
Answer:
Switzerland
Explanation:
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625
A new smali business wants to know if its current radio advertising is effective. The owners decide to look at the mean number of customers who make a purchase in the sore on days immediately following days when the radio ads are played as compared to the mean for those days following days when no radio advertisements are played. They found that for 13 days following no advertisements, the mean was 23.9 purchasing customers with a standard deviation of 1.9 customers. On 6 days following advertising the mean was 24.7 purchasing customers with a standard deviation of 1.6 customers. Test the claim, at the 0.01 level, that the mean number of customers Who make a purchase in the store is lower for days following no advertising compared to days following advertising. Assume that both populations are approximately normal and that the population variances are equal. Let days following no advertisements be Population 1 and let days following advertising be Pogustion 2 Step 2 of 3 : Compute the value of the test statistic. Round your answer to three decimal places.
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The test statistic value is -1.111, indicating a difference in mean customer purchases between days with no advertising and days with advertising.
To test the claim, we compare the mean number of purchasing customers on days following no advertising (Population 1) to the mean on days following advertising (Population 2). We are given the sample means, standard deviations, and sample sizes for both populations.
Step 1: Hypotheses
The null hypothesis (H0) states that there is no difference in the mean number of customers making a purchase between the two populations. The alternative hypothesis (Ha) states that the mean number of customers making a purchase is lower for days following no advertising compared to days following advertising.
Step 2: Test Statistic
To compute the test statistic, we use the formula:
t = (mean1 - mean2) / sqrt((s1^2/n1) + (s2^2/n2))
where mean1 and mean2 are the sample means, s1 and s2 are the sample standard deviations, and n1 and n2 are the sample sizes.
Substituting the given values into the formula, we get:
t = (23.9 - 24.7) / sqrt((1.9^2/13) + (1.6^2/6))
≈ -1.111
Step 3: Conclusion
To determine if the test statistic is statistically significant, we compare it to the critical value from the t-distribution table at the 0.01 level of significance. If the test statistic is less than the critical value, we reject the null hypothesis in favor of the alternative hypothesis.
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Which of the following does a life insurance policy summary normally include?
A) The policy's cash value
B) Agent's report
C) Policyowner's MIB report
D) Stated beneficiary
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Answer:A
Explanation:The policy’s cash value
_____ are stories about a person’s life written by that individual.
Directories
Biographies
Autobiographies
Encyclopedias
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Biographies is a book written by the individual
Hope this helps *smiles*
Answer: Autobiography
Example: The person above has to be a troll fr
Politically speaking, which party is more apt to engage in regulatory practices over the business?
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In the United States polity, the political party that is likely to wield more regulatory practices over the business is the Democratic party.
Why should the Democratic Party be more rigorous with regulatory practices over the business?The Republican Party is noted for its support of right-wing beliefs such as libertarianism, social conservatism, and economic libertarianism, among others. As a result, Republicans typically advocate for conservative values, little government intervention, and strong support for the private sector.
In contrast, the Democratic Party prefers a mixed economy and typically supports a progressive tax structure, increased minimum wages, Social Security, universal health care, public education, and subsidized housing. It also encourages infrastructure development and sustainable energy investments in order to spur economic growth and employment creation.
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you have just finished organizing a report on discrimination in the workplace. you are about to write your introduction. what should you make sure to include? check all that apply.
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While writing report I should make sure to include the order in which your main points will be developed, the purpose of the report and the significance of the topic.
A report is a written account of an occurrence, problem, or topic. A report is not a crafted tale. The purpose of producing a report is to educate the audience on a particular topic or concept. A report, however, is not explicitly described. A report is any speech—verbal or authored a specific subject. A report may be a kid's book report or a confess made in court. But broadly speaking, a report is more of an official paper that presents the specifics of a subject and therefore is usually produced by professionals. There needs to be sufficient documentation to support the details of the subject or event.
The complete question is here:
You have just finished organizing a report on discrimination in the workplace. You are about to write your introduction.
What should you make sure to include? Check all that apply.
The headings of the reportThe order in which your main points will be developedThe purpose of the reportThe transitions between topicsThe significance of the topicLearn more about report here:
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In 2013, there were allegations of unfair pricing in the Australian photovoltaic solar panel market. Richard Inwood, the part-owner and business manager of Australia's only remaining manufacturer of photovoltaic solar panels asserted that foreign producers have been selling their products in the Australian market at less than their cost of production. As a result, his company had lost market share and was now operating with significant amounts of excess capacity. It was reported that production costs for a solar panel range from about 70 to 100 cents per watt of capacity. However, imported products are now appearing in the Australian market at prices as low as 45 cents per watt. Particularly in international trade, the practice of selling below the cost of production is often labelled "dumping." Dumping is generally considered to be an unfair trade practice, particularly when it negatively impacts domestic manufacturers in the importing nation. Many consider dumping to be a form of predatory pricing, which is defined as setting a very low price for the purpose of harming competitors. Mr. Inwood says that his firm would breakeven at a price of $1 per watt if his sales volumes remain unchanged at this price. However, he is currently selling its panels in the wholesale market at prices of about 75 cents per watt. His firm is currently operating at half of its full capacity and sells all the panels that it produces. Its full capacity is to produce 20,000,000 watts (of panels) per year.
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The situation described in the passage involves allegations of unfair pricing in the Australian photovoltaic solar panel market.
It is claimed that foreign producers are selling their products in Australia at prices below their cost of production, resulting in a loss of market share for the domestic manufacturer, which is operating with excess capacity.
The cost of production for a solar panel is estimated to range from 70 to 100 cents per watt, but imported products are being sold in Australia as low as 45 cents per watt. This practice is commonly referred to as "dumping" and is considered an unfair trade practice that negatively impacts domestic manufacturers.
The part-owner and business manager of the Australian manufacturer states that his firm would break even at a price of $1 per watt, assuming sales volumes remain unchanged. However, they are currently selling their panels in the wholesale market at prices of about 75 cents per watt. The firm is operating at half of its full capacity and sells all the panels it produces. Its full capacity is 20,000,000 watts per year.
This situation highlights the challenges faced by domestic manufacturers when competing against lower-priced imported products.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
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a cost-cutting project will decrease costs by $64,300 a year. the annual depreciation will be $14,400 and the tax rate is 35 percent. what is the operating cash flow for this project?
Answers
The operating cash flow for this project is $32,435 per year.
To calculate the operating cash flow for this project, we need to use the following formula:
Operating cash flow = EBIT(1-T) + Depreciation
where EBIT is earnings before interest and taxes, T is the tax rate, and Depreciation is the annual depreciation.
We have been given information that:
The cost-cutting project will decrease costs by $64,300 a year
Annual depreciation will be $14,400
The tax rate is 35%
First, we need to calculate EBIT:
EBIT = Cost savings - Depreciation
EBIT = $64,300 - $14,400
EBIT = $49,900
Next, we can calculate the operating cash flow:
Operating cash flow = EBIT(1-T) + Depreciation
Operating cash flow = $49,900(1-0.35) + $14,400
Operating cash flow = $32,435
Therefore, the operating cash flow for this project is $32,435 per year.
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if a lender refuses to make harry a 30-year mortgage just because harry is 85 years old, they will have violated:
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Licensees should take care to display residences only on the basis of clients' expressed housing preferences and without imparting statistics about neighborhood demographics that may bring a cost of steering.
Which of these conditions represents the unlawful exercise of redlining?Hunter, a loan broker, refuses to underwrite mortgage applications from applicants who are shopping for in particular neighborhoods.
What is steerage truthful lending examples?Steering a borrower to a loan with much less favorable phrases due to the fact of his or her race, color, religion, sex (including gender, gender identity, sexual orientation, and sexual harassment), familial status, national origin or disability.
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What is one disadvantage of using credit? A. It can be tempting to overspend. B. It is not convenient. C. It never offers special advantages. D. It is extremely difficult to find places that use credit.
Answers
Answer:
A. It can be tempting to overspend.
Explanation:
write a journal post with three things you might be able to do to go to college (or any other option you are considering after high school) without student loan debt?
Answers
Answer:
You can apply for scholarships, work in high school, and receive grants.
Explanation:
You can possibly graduate college without debt or little money owed back to a bank.
The first option is a scholarship, this money is usually only offered from a range of $500-fully paid tuition. You may have to apply to hundreds before you are granted some but they are offered from freshmen in high school all the way to almost graduating college.
Your second option is working, sophomore year is when you'd be able to get a job the earliest. Every paycheck you save about 20%, work all the way through college and you can save enough to pay for your first year, possibly second year of college. You could also work while you're a full-time student, it'd be hard work but it can be done.
Your third option, but not last is to apply for grants. This is basically free money, they differ from scholarships though. You do not have to pay grants back, and you can get sponsored by companies to pay your way through college.
Your pay rate is $18 per hour and you have worked 50 hours for the first week of the pay period and 50 hours for the second week of the pay period. Reminder: Your regular work hours is 40 hours for the week and you get paid bi-weekly and time and a half is paid for overtime hours. Calculate your gross pay.
Answers
Answer:
$1,260
Explanation:
$18 is the rate of pay for 40 hrs/week
$27 is the rate of pay for the extra 10 hrs/week (18 + 9)
A total of 100 hours for the pay period, 80 of those are 18/hr, 20 are 27/hr
40(18) + 20(27) = 720 + 540 = 1260
Please let me know if you have any questions.
video shack's accounts receivable decreases during the year by $8.2 million. what is the amount of cash received from customers during the reporting period if its net sales are $65.0 million? (round your answer to 1 decimal place. enter your answer in millions (i.e., $10,100,000 should be entered as 10.1).)
Answers
The amount of cash received during the reporting period is $73.2 million
The account receivables are treated as a current asset and it is recorded and shown on the balance sheet. The total cash collection from customers includes a decrease in account receivables and collection from sales in the current period.
A journal is a thorough account that documents all of a company's financial activities. It is used for account reconciliation in the future and for the transfer of data to other formal accounting records, including the general ledger.
The journal entry is as follows: (amount in millions)
Cash A/c....Dr. $73.2
Accounts receivable A/c.....Cr. $8.2
Sales A/c.....Cr. $65
(Being cash collection from accounts receivables and sales recorded)
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Which of the following best describes the relationship between a stock resource and a potential resource?
A) A stock resource becomes a potential resource once the resource is found and extracted.
B) A stock resource becomes a potential resource when technology is developed to reach and extract it.
C) A stock resource becomes a potential resource after it has been evaluated and quantified.
D) A stock resource can never be a potential resource because it has already been excavated.
Answers
Answer:
B
Explanation:
potential resource are the resources whose entire quantity may not be known and these are not being used at present. potential resource can become real resource when proper human resource ,science and technology are present.
Answer: The correct answer is B) A stock resource becomes a potential resource when technology is developed to reach and extract it.
Explanation: This answer has been confirmed correct.
Technology is required to harvest stock resources (such as solar power) through extraction, collection, and storage processes.